CAB129-53 — Page 226

Page 226

ANNEX A

Post Office International Telegraph and Cable and Wireless International Telecommunications Services

wall win Services?

(1) Consolidated Income and Expenditure for the year ended 31st March, 1951

(Actual)—

Post Office Cable and International

Wireless

Services

Services

Consolidated

Total

£

£

£

Revenue

5,551,317

9,551,790

15,103,107

Expenditure (including Profits

Tax, depreciation, &c.)

4,002,647

8,747,747

12,750,394

Surplus

Distribution of Joint Purse

Operating Surplus

804,043 1,212,568

2,016,611*

2,352,713

(2) Consolidated Income and Expenditure for the year ended 31st March, 1952

(partly estimated)

1,548,670

¡

2,352,713

1,212,568

...

336,102

£

£

Revenue

6,329,000

9,429,859

£ 15,758,859

Expenditure (including Profits

Tax, depreciation, &c.)

4,648,000

9,540,258

14,188,258

Surplus

or Deficit -

+1,681,000

110,399 + 1,570,601

Distribution of Joint Purse

1,456,629

1,456,629

Operating Surplus

224,371

1,346,230†

1,570,601

(3) Forecast of Income and Expenditure for the year ending 31st March, 1953

£

£

Revenue

6,198,000

10,000,000

£ 16,198,000

Expenditure (including Profits

Tax, depreciation, &c.)

4,957,000

10,484,600

15,441,600

Surplus

or deficit

+1,241,000

Distribution of Joint Purse

1,133,000

484,600 + 756,400 1,133,000

Operating Surplus

108,000

648,400+

756,400

* Before providing £1,183,271 for United Kingdom taxation.

† Before providing £881,569 for United Kingdom taxation.

Before providing £650,000 (estimated) for United Kingdom taxation.

Page 226

Page 226

243

4