Memorandum by Declan Gaffney and Dr Jean
Shaoul (FLU 06)
Table 2
GOVERNMENT GRANTS
| |
London Transport Accounts
| London Underground Accounts
|
| (£m) | Grants
taken to
profit and
loss account
| Capital grants |
Total grants | Grant for
existing lines
after subsidies
and renewals
(col 1)
| Grants
taken to P & L
Accounts
| Total grants |
| |
| New lines | Core business
| |
| |
|
| 1990-1 | 305
| 2 | 533
| 535 | 228
| 188 | 355
|
| 1991-2 | 364
| 65 | 570
| 635 | 206
| 167 | 372
|
| 1992-3 | 622
| 83 | 800
| 883 | 178
| 416 | 681
|
| 1993-4 | 385
| 120 | 572
| 692 | 187
| 286 | 630
|
| 1994-5 | 398
| 413 | 273
| 686 | 125
| 308 | 820
|
| 1995-6 | 289
| 447 | 456
| 903 | 167
| 213 | 802
|
| 1996-7 | 171
| 667 | 275
| 942 | 104
| 116 | 878
|
| 1997-8 | 182
| 506 | 127
| 633 | -55
| 88 | 543
|
| 1998-9 | 160
| 267 | 143
| 411 | -17
| 108 | 313
|
| Total | 2,876
| 2,570 | 3,749
| 6,320 | 1,123
| 1,890 | 5,394
|
Sources:
London Transport annual report and accounts (various years).
London Underground annual report and accounts (various years).
Note:
It is unclear why LT and LU report substantially different
figures, and in different ways, given that most of LT's investment
appears to be going on the rail network.
|
