Annex A
External Finance Limited/Dividends
| | |
(£m) |
|
| Year | Post-Tax profit
| EFL
(paid into reserve on
balance sheet)
| % |
|
| 1981-82 | 96.2
| 12 | 13
|
| 1982-83 | 138.5
| 60 | 43
|
| 1983-84 | 118.9
| 62 | 52
|
| 1984-85 | 112.2
| 100 | 89
|
| 1985-86 | 99.5
| 75 | 75
|
| 1986-87 | 132.9
| 93 | 70
|
| 1987-88 | 121.4
| 80 | 66
|
| 1988-89 | 102.5
| 102 | 100
|
| 1989-90 | 3.0
| 102 | —
|
| 1990-91 | 31.0
| — | 0
|
| 1991-92 | 152.0
| 74 | 49
|
| 1992-93 | 187.0
| 80 | 43
|
| 1993-94 | 195.0
| 182 | 93
|
| 1994-95 | 314.0
| 235 | 75
|
| 1995-96 | 270.0
| 245 | 91
|
| 1996-97 | 361.0
| 268 | 74
|
| 1997-98 | 447.0
| 313 | 70
|
| 1998-99 | 496.0
| 310 | 63
|
| 1999-2000 | (415)
| 151 | 50
|
| | Dividends
| |
| 2000-01 | (44)^
| 0* | —
|
| 2001-02 | (940)^
| 0 | —
|
| 2002-03 | (559)^
| 0 | —
|
| 2003-04 | 7^
| 0 | —
|
| 2004-05 | 235^
| 0 | —
|
|
| * | A dividend of £93 million was declared but was not paid to HMG. It was placed in a reserve on the Royal Mail balance sheet alongside the accumulated EFL.
|
| ^ | These figures represent (loss)/profit after tax and exceptional items.
|
|
|
