9
TABLE 2
Post Tax Operating Surplus Expressed
as
a
Percentage
Total*
Income
$M
Total*
Pre-Tax
Operating Operating
Expenditure
$M
Operating Surplus
$M
Post Tax Operating
Taxation
Surplus
$M
$M
ANF A
$M
of ANFA
1972/73
128.0
54.0
74.0
11.1
62.9
742.9
8.5
1973/74
162.1
60.4
101.7
15.3
86.4
825.2
10.5
1974/75
176.4
81.5
94.9
14.2
80.7
887.1
9.1
1975/76
228.6
89.1
139.5
20.9
118.6
943.2
12.6
1976/77
247.8
114.0
133.8
20.1
113.7
1,083.6
10.5
1977/78
277.2
117.5
159.7
24.0
135.7
1,188.2
11.4
1978/79
330.1
126.8
203.3
30.5
172.8
1,221.7
14.1
1979/80
404.5
146.1
258.4
38.8
219.6
1,287.0
17.1
1980/81
493.8
185.3
308.5
46.3
262.2
1,332.4
19.7
1981/82
600.8
226.2
374.6
56.2
318.4
1,358.0
23.4
1982/83
692.0
268.7
423.3
63.5
359.8
1,363.9
26.4
1983/84
707.8
291.6
416.2
62.4
353.8
1,341.9
26.4
1984/85
755.7
329.5
426.2
72.5
353.7
1,344.5
26.3
1985/86
795.0
359.2
435.8
74.1
361.7
1,340.7
27.0
1986/87
810.7
396.7
414.0
70.4
343.6
1,399.7
24.5
(projected)
Weighted Average Rate of Return for the period
= 18.9%
* Includes income and expenditure on both aeronautical and
commercial activities