Annual review 1991/92. Accounts for the year ended 31 March 1992

The United Kingdom Atomic Energy Authority (AEA) is a public corporation set up by the Atomic Energy Authority Act 1954. These accounts comply with the provisions of that Act and directions issued by the Treasury. The Atomic Energy Authority Act 1986 requires AEA to operate from 1 April 1986 as a Trading Fund. Under the trading banner AEA Technology, the group made a further substantial increase in the profit on ordinary activities to Pound 28.1M (1991 Pound 17.7M). The considerable restructuring of the organisation in the past two years contributed to this by delivering cost savings, and the business structure has focused marketing efforts on profitable activities. Turnover has been maintained at last year's level. While long standing nuclear business declined, the group succeeded in increasing United Kingdom private sector business despite the recession. New markets have been developed, and important new business has been won in Europe and the Far East. (Author)