PARLIAMENTARY WRITTEN QUESTION
Urenco: Investment Income (4 January 2022)
Question Asked
Asked by:
James Wild (Conservative)
Answer
The Government holds a one third stake in Urenco Ltd and receives one third of any dividends paid by Urenco to its shareholders.
Urenco Ltd reports its results in Euros and pays its dividends in Euros. These are converted at the prevailing exchange rate into Pound Sterling on the date the Government receives the dividend.
The table below outlines the dividend allotted by Urenco Ltd over the past 5 fiscal years to the Government in Euros and the Pound Sterling equivalent at the time.
Year | HMG Dividend Received |
2016/17 | €100 million (£86 million) |
2017/18 | €100 million (£88 million) |
2018/19 | €100 million (£87 million) |
2019/20 | €100 million (£94 million) |
2020/21 | €100 million (£88 million) |
Answered by:
Greg Hands (Conservative)
12 January 2022
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