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APPENDIX
PRT Paid by Exxon and Comparison of Exxon’s
PRT Special Allowances to its Ring Fence
Interest Expense (1975-1988) (in U.K. Pounds)
Safeguard Nonallowed
Tariff Allowance Ring Fence
PRT Paid By Uplift Oil Receipts Safeguard Deduction Total Interest
Year Exxon Allowance Allowance Allowance Allowance Equivalent Allowances Expense
1975 0 8,959,359 0 0 0 0 8,959,359 1,533,000
1976 0 105,625,116 0 0 0 0 105,625,116 8,628,000
1977 0 5,867,192 21,360,737 0 0 0 27,227,929 46,008,000
1978 16,078 58,511,216 23,173,022 0 0 0 81,684,238 56,960,000
1979 17,837 133,451,025 12,682,868 0 0 0 146,133,893 116,828,000
1980 20,510,300 449,294,439 33,021,404 0 0 0 482,315,843 164,140,000
1981 100,458,130 168,296,228 42,728,040 0 0 0 211,024,268 139,546,000
1982 119,239,356 544,618,089 50,992,174 1,105,951 0 0 596,716,214 107,783,000
1983 423,014,556 70,420,726 88,959,862 3,456,109 118,415,934 157,887,912 320,724,609 22,397,000
1984 965,101,175 144,402,403 136,924,700 13,149,141 252,148,968 336,198,624 630,674,868 7,246,000
1985 984,865,434 27,666,094 166,966,203 23,309,676 318,580,059 424,773,412 642,715,385 10,065,000
1986 194,654,714 16,913,408 67,417,623 32,668,303 414,997,698 553,330,264 670,329,598 67,244,000
1987 321,598,479 24,183,485 72,943,737 30,801,424 415,223,138 553,630,851 681,559,497 84,374,000
1988 371,670,157 22,900,846 58,943,277 31,344,050 115,289,728 153,719,637 266,907,810 98,351,000
Totals 3,501,146,216 1,781,109,626 776,113,647 135,834,654 1,634,655,525 2,179,540,700 4,872,598,627 931,103,000
PRT Paid by 34 Companies and Comparison of
Companies’ PRT Special Allowances to their Ring
Fence Interest Expense (1975-1988) (in U.K. Pounds)
Safeguard Nonallowed
Tariff Allowance Ring Fence
PRT Paid By Uplift Oil Receipts Safeguard Deduction Total Interest
Year 34 Companies Allowance Allowance Allowance Allowance Equivalent Allowances Expense
1975 0 549,645,555 13,959 0 0 0 549,659,514 66,542,527
1976 0 551,570,154 33,419 0 0 0 551,603,573 285,303,726
1977 0 371,995,678 97,374,963 0 0 0 469,370,641 441,409,166
1978 430,689,327 1,699,237,659 153,852,120 0 0 0 1,853,089,779 461,981,340
1979 1,156,589,715 551,928,097 105,214,447 0 0 0 657,142,544 704,165,739
1980 2,197,291,915 1,366,859,351 328,456,501 0 0 0 1,695,315,852 863,608,555
1981 2,396,943,312 1,435,689,699 519,913,143 0 18,948,155 27,068,793 1,982,671,635 841,824,111
1982 3,176,093,221 1,351,596,634 656,231,353 8,960,856 231,062,739 330,089,627 2,346,878,470 824,298,172
1983 5,572,524,246 1,490,033,648 851,539,832 33,884,463 644,892,193 859,856,257 3,235,314,200 767,424,949
1984 6,369,523,079 981,248,452 1,186,636,787 60,199,128 669,948,021 893,264,028 3,121,348,395 832,922,625
1985 5,760,629,333 1,054,005,842 1,337,372,027 135,511,998 733,604,214 978,138,952 3,505,028,819 708,244,278
1986 1,366,854,617 347,209,776 685,332,228 128,623,314 1,272,258,531 1,696,344,708 2,857,510,026 674,092,084
1987 1,912,894,346 324,720,056 763,354,267 135,830,479 1,349,555,544 1,799,407,392 3,023,312,194 540,583,476
1988 1,503,526,701 318,463,734 647,660,574 135,573,763 586,517,012 782,022,683 1,883,720,754 634,094,662
Totals 31,843,559,812 12,394,204,335 7,332,985,620 638,584,001 5,506,786,409 7,366,192,440 27,731,966,39 8,646,495,410
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