Private Non-Financial Corporations
Companies profits up 1.0 on last quarter
Private Non-Financial Corporations Profits
Private non-financial corporations (PNFCs) were able to repay debt of £7.3 billion in the first quarter of 2004, the seventh consecutive quarter of debt repayment. A continuation of such debt repayment has not been seen since the third quarter of 1993.
Profits made by PNFCs in the first quarter of 2004 increased by 1.0 per cent compared to the previous quarter to £52.9 billion and an 8.8 per cent increase on the same quarter the previous year. Dividends paid by the sector were £19.9 billion in the quarter with dividends received in the same period totalling £16.6 billion. Business investment at £26.0 billion was 1.9 per cent higher than the previous quarter.
The financial accounts are not seasonally adjusted, and show how companies raised money, and what they did with it. One feature of private non-financial corporationsí financial transactions is that there are usually large amounts of money flowing through many of the different transactions.