asked the Minister for Industry and Commerce if he will make available the aggregates of the figures of profits and turnover in various trades referred to in his speech in Dáil Éireann on 10th November.
Ceisteanna—Questions. Oral Answers. - Industrial Profits and Turnover.
With the permission of the Ceann Comhairle, I propose to have included in the Official Report a statement giving the aggregate figures of net profits and turnover of a limited number of traders regarded as being generally representative of traders engaged in the distribution of (a) food, (b) clothing and footwear and (c) miscellaneous goods. I do not consider it desirable to supply any further breakdown of these figures.
DEPARTMENT OF INDUSTRY AND COMMERCE.
AGGREGATE turnover and net profit for the years 1950 and 1952 as disclosed in the accounts furnished by representative groups in the distributive trades.
|
Group |
Aggregate Turnover |
Aggregate Net Profit |
||
|
1950 |
1952 |
1950 |
1952 |
|
|
£ |
£ |
£ |
£ |
|
|
Food distributors |
12,227,682 |
15,615,110 |
396,553 |
459,494 |
|
Clothing and Footwear distributors |
18,055,823 |
15,635,383 |
913,874 |
485,702 |
|
Distributors of miscellaneous goods |
11,334,906 |
13,243,718 |
585,339 |
549,520 |
asked the Minister for Industry and Commerce if he will state the percentage on capital represented by the figures for profits for various trades cited by him in his speech in Dáil Éireann on 10th November.
With the permission of the Ceann Comhairle I propose to circulate in the Official Report a tabular statement setting out the percentages asked for by the Deputy. These are based on the accounts of a limited number of traders regarded as being generally representative in the trades concerned. They are calculated on the capital employed at the close of the trading years, but I must emphasise that in the case of distributive trades, capital is turned over several times in a year, and that the relationship between net profit for a year and capital employed at the end of the year is not, therefore, a proper yardstick on which to determine the reasonableness or otherwise of margins taken by traders.
|
Group |
Percentage profit on capital employed |
|
|
1950 |
1952 |
|
|
Retail Grocers |
19.2 |
20.2 |
|
Milk Distributors |
13.7 |
13.9 |
|
Whole Food Distribution Group |
14.0 |
14.0 |
|
Clothing and Footwear Distribution Group |
15.0 |
8.5 |
|
Distributors of Miscellaneous Goods |
14.0 |
11.0 |
Could the Minister state if those figures are compiled by the Central Statistics Office?
Yes.