Horserace Totalisator
Board (The Tote)
74 Upper Richmond Road, London SW15 2SU
TEL : 0181 874 6411
FAX : 0181 874 6107
E-MAIL : pdow@tote.co.uk
INTERNET : http://www.tote.co.uk
Created by Act of Parliament in 1928, the Tote is a commercially-managed
organisation which owes its exclusive license to run and it provides
a full betting service to customers and gives financial support to horseracing.
 |
 |
Chairman
Peter Jones |
Chief Executive
John Heaton |
Board Members
Mr W J Heaton • Mr T J Phillips • MR C Sporborg
• Mr P Savill • Mr N Kent-Lemon • Mr R Miller •
Mr D Lipsey
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TARGETS & OUTTURNS |
TARGETS |
|
TARGET DEFINITION |
|
96-97 |
97-98 |
98-99 |
|
There are no targets set for The Tote, because their aim is simply to maximise profits for horseracing |
|
|
|
|
|
FORECAST |
|
BUSINESS SUMMARY |
|
96-97 |
97-98 |
98-99 |
|
EXPENDITURE (£ million) |
|
|
|
|
|
Operating Costs |
|
39 |
44 |
54 |
|
Other Expenditure |
|
– |
– |
– |
|
Gross Capital Expenditure |
|
5 |
50 |
10 |
|
INCOME (£ million) |
|
|
|
|
|
Income from Government |
|
– |
– |
– |
|
Income from the National Lottery |
|
– |
– |
– |
|
Income from Chargeable Services |
|
– |
– |
– |
|
Other Income (Betting turnover)1 |
|
329 |
397 |
519 |
|
NUMBER OF STAFF |
|
2,290 |
2,672 |
2,870 |
|
CHANGE IN UNIT COST OF OUTPUT2 |
|
|
|
|
|
Unit Cost/Aggregate Efficiency Index |
|
– |
– |
– |
|
% Change Year on Year |
|
– |
– |
– |
|
Coverage of Unit Cost/Aggregate Efficiency Measures |
|
– |
– |
– |
1. Other income is the gross value of stakes placed
by customers on betting events in the year.
2. The Government is currently reviewing the Tote’s
future status. Need for efficiency targets will be considered when the
review is complete.
THE TOTE’S ANNUAL REPORT AND ACCOUNTS CAN BE OBTAINED FROM THE ABOVE ADDRESS.
| We welcome your comments on this site.
|
Prepared 18 December 1998 |
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