O.U.P. Results: 1949-1968
This Appendix shows the financial results achieved by the Businesses of O.U.P. over a twenty-year period, expressed both in money terms (A) and as percentages of the Group as a whole (B). It sets out the average of the results for four consecutive five-year periods - 1949-53, 1954-58 1959-63, 1964-68 - and, below these, the average results for the completetwenty-year period.
Figures for the New York Business have been converted to sterling at the relevant exchange rate for the years involved.
The figures in this Appendix have not been adjusted to correspond withthe current basis of O.U.P. accounts, because it was not possible to make such adjustment in respect of the early years covered in this survey. It has therefore been necessary to adjust the figures for recent years to the old accounting basis, and as a consequence the figures here are only valid inter se. Figures for the turnover of the Clarendon Press and the London Business shown in these tables are therefore not directly reconcilable with those of Table IV (page 79); the value of sales of C.P. books has included (in accordance with earlier practice) in the figures for the turnover of the London Business, although the profit arising on these sales was not taken account of in the profit figures of the London Business. Further, under the old basis of accounting, there would appear to have been an overlap in respect of books sold to overseas branches and 0.U.P. New York ex Neasden and subsequent sales by the overseas Businesses.
The figures used in this Appendix for capital employed by the several Businesses are balance-sheet written-down vaiues, and all buildings are held by the General Fund.
The figures for Wolvercote Mill should be read in the light of the note to paragraph 202,
5-year averages
A = £000's B = percentage of whole O.U.P.
1949-53
Clarendon Press: Turnover A: 530 B: 11.7 Pre-tax profits A: 85 B: 22.3 Capital employed A: 617 B: 23.9 Pre-tax profits as percentage of (C) turnover: 16.0 (D) Capital employed: 13.8
London Business including Branches: Turnover A: 2,074 B: 45.8 Pre-tax profits A: 181 B: 47.5 Capital employed A: 545 B: 21.1 Pre-tax profits as percentage of (C) turnover: 8.7 (D) Capital employed: 33.2
Printing Business: Turnover A: 518 B: 11.4 Pre-tax profits A: 57 B: 15.0 Capital employed A: 445 B: 17.2 Pre-tax profits as percentage of (C) turnover: 11.0 (D) Capital employed: 12.8
Wolvercote Mill: Turnover A: 195 B: 4.3 Pre-tax profits A: 36 B: 9.5 Capital employed A: 103 B: 4.0 Pre-tax profits as percentage of (C) turnover: 18.5 (D) Capital employed: 35.0
O.U.P. Inc. New York: Turnover A: 1,214 B: 26.8 Pre-tax profits A: 28 B: 7.3 Capital employed A: 346 B: 13.4 Pre-tax profits as percentage of (C) turnover: 2.3 (D) Capital employed: 8.1
General Fund: Pre-tax profits A: (6) B: (1.6) Capital employed A: 526 B: 20.4 Pre-tax profits as percentage of Capital employed: (1.1)
TOTALS: Turnover A: 4,531 Pre-tax profits A: 381 Capital employed A: 2,582 Pre-tax profits as percentage of (C) turnover: 8.4 (D) Capital employed: 14.8
1954-58
Clarendon Press: Turnover A: 947 B: 13.6 Pre-tax profits A: 159 B: 26.6 Capital employed A: 951 B: 22.9 Pre-tax profits as percentage of (C) turnover: 16.8 (D) Capital employed: 16.7
London Business including Branches: Turnover A: 3,371 B: 48.5 Pre-tax profits A: 305 B: 51.1 Capital employed A: 1,038 B: 24.9 Pre-tax profits as percentage of (C) turnover: 9.0 (D) Capital employed: 29.4
Printing Business: Turnover A: 813 B: 11.7 Pre-tax profits A: 113 B: 18.9 Capital employed A: 697 B: 16.8 Pre-tax profits as percentage of (C) turnover: 13.9 (D) Capital employed: 16.2
Wolvercote Mill: Turnover A: 416 B: 6.0 Pre-tax profits A: (9) B: (1.5) Capital employed A: 340 B: 8.2 Pre-tax profits as percentage of (C) turnover: (2.2) (D) Capital employed: (2.6)
O.U.P. Inc. New York: Turnover A: 1,407 B: 20.2 Pre-tax profits A: 47 B: 7.9 Capital employed A: 561 B: 13.5 Pre-tax profits as percentage of (C) turnover: 3.3 (D) Capital employed: 8.4
General Fund: Pre-tax profits A: (18) B: (3.0) Capital employed A: 570 B: 13.7 Pre-tax profits as percentage of Capital employed: (3.2)
TOTALS: Turnover A: 6,954 Pre-tax profits A: 597 Capital employed A: 4,157 Pre-tax profits as percentage of (C) turnover: 8.6 (D) Capital employed: 14.4
1959-63
Clarendon Press: Turnover A: 1,397 B: 12.3 Pre-tax profits A: 233 B: 23.3 Capital employed A: 1,496 B: 22.4 Pre-tax profits as percentage of (C) turnover: 16.7 (D) Capital employed: 15.6
London Business including Branches: Turnover A: 5,525 B: 48.8 Pre-tax profits A: 527 B: 52.8 Capital employed A: 2,040 B: 30.6 Pre-tax profits as percentage of (C) turnover: 9.5 (D) Capital employed: 25.8
Printing Business: Turnover A: 1,105 B: 9.8 Pre-tax profits A: 165 B: 16.6 Capital employed A: 950 B: 14.2 Pre-tax profits as percentage of (C) turnover: 14.9 (D) Capital employed: 17.4
Wolvercote Mill: Turnover A: 1,312 B: 11.6 Pre-tax profits A: (22) B: (2.2) Capital employed A: 990 B: 14.8 Pre-tax profits as percentage of (C) turnover: (1.7) (D) Capital employed: (2.2)
O.U.P. Inc. New York: Turnover A: 1,983 B: 17.5 Pre-tax profits A: 119 B: 11.9 Capital employed A: 750 B: 11.3 Pre-tax profits as percentage of (C) turnover: 6.0 (D) Capital employed: 15.9
General Fund: Pre-tax profits A: (24) B: (2.4) Capital employed A: 445 B: 6.7 Pre-tax profits as percentage of Capital employed: (5.4)
TOTALS: Turnover A: 11,322 Pre-tax profits A: 998 Capital employed A: 6,670 Pre-tax profits as percentage of (C) turnover: 8.8 (D) Capital employed: 15.0
1964-68
Clarendon Press: Turnover A: 2,020 B: 12.1 Pre-tax profits A: 243 B: 19.1 Capital employed A: 1,855 B: 18.3 Pre-tax profits as percentage of (C) turnover: 12.0 (D) Capital employed: 13.1
London Business including Branches: Turnover A: 8,095 B: 48.6 Pre-tax profits A: 485 B: 38.1 Capital employed A: 3,207 B: 31.5 Pre-tax profits as percentage of (C) turnover: 6.0 (D) Capital employed: 15.1
Printing Business: Turnover A: 1,523 B: 9.2 Pre-tax profits A: 216 B: 17.0 Capital employed A: 1,371 B: 13.5 Pre-tax profits as percentage of (C) turnover: 14.2 (D) Capital employed: 15.8
Wolvercote Mill: Turnover A: 1,621 B: 9.7 Pre-tax profits A: 24 B: 1.9 Capital employed A: 1,016 B: 10.0 Pre-tax profits as percentage of (C) turnover: 1.5 (D) Capital employed: 2.4
O.U.P. Inc. New York: Turnover A: 3,398 B: 20.4 Pre-tax profits A: 249 B: 19.6 Capital employed A: 1,296 B: 12.7 Pre-tax profits as percentage of (C) turnover: 7.3 (D) Capital employed: 19.2
General Fund: Pre-tax profits A: 55 B: 4.3 Capital employed A: 1,422 B: 14.0 Pre-tax profits as percentage of Capital employed: 3.9
TOTALS: Turnover A: 16,657 Pre-tax profits A: 1,272 Capital employed A: 10,167 Pre-tax profits as percentage of (C) turnover: 7.6 (D) Capital employed: 12.5
20-year averages, 1949-68
Clarendon Press: Turnover A: 1,224 B: 12.4 Pre-tax profits A: 180 B: 22.2 Capital employed A: 1,230 B: 20.9 Pre-tax profits as percentage of (C) turnover: 14.7 (D) Capital employed: 14.6
London Business including Branches: Turnover A: 4,766 B: 48.3 Pre-tax profits A: 375 B: 46.2 Capital employed A: 1,707 B: 28.9 Pre-tax profits as percentage of (C) turnover: 7.9 (D) Capital employed: 22.0
Printing Business: Turnover A: 990 B: 10.0 Pre-tax profits A: 138 B: 17.0 Capital employed A: 866 B: 14..7 Pre-tax profits as percentage of (C) turnover: 13.9 (D) Capital employed: 15.9
Wolvercote Mill: Turnover A: 886 B: 9.0 Pre-tax profits A: 6 B: 0.7 Capital employed A: 612 B: 10.4 Pre-tax profits as percentage of (C) turnover: 0.7 (D) Capital employed: 1.0
O.U.P. Inc. New York: Turnover A: 2,000 B: 20.3 Pre-tax profits A: 111 B: 13.7 Capital employed A: 738 B: 12.5 Pre-tax profits as percentage of (C) turnover: 5.6 (D) Capital employed: 15.0
General Fund: Pre-tax profits A: 2 B: 0.2 Capital employed A: 741 B: 12.6 Pre-tax profits as percentage of Capital employed: 0.3
TOTALS: Turnover A:9,886 Pre-tax profits A: 812 Capital employed A: 5,894 Pre-tax profits as percentage of (C) turnover: 8.2 (D) Capital employed: 13.8
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