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The States shares in the Island's utility companies have gone up in value by £25 million in the last year, and are now worth £313.8 million. Together, the four utilities returned £11 million in 2013 to the Treasury in the form of dividends.
The figures are contained in the latest States accounts, and covers the States shareholdings in JT, Jersey Electricity, Jersey Water and Jersey Post. Of those, the States shares in JT have the highest value, listed at £183.5m, an increase of £500,000 on 2012.
In total in 2013, the States held net assets of £5.6 billion, most of which was in the form of property and other fixed assets (£3.3 billion).
In the States accounts for 2013, the shareholdings in the four utilities are listed as:
Jersey Electricity - £65.5 million (increase of £12.2 million on 2012)
Jersey Water - £38.7 million (increase of £6 million on 2012)
JT - £183.5 million (increase of £0.5m on 2012)
Jersey Post - £26.1m (increase of £6.3 million on 2012).
In his covering report to the accounts, the Treasury Minister, Senator Philip Ozouf commented:
"The Treasury operates a policy of active management of these investments, with regular meetings throughout the year. I will continue to work with the Boards of the utilities to deliver the best possible returns to the States to supplement our income, whilst at the same time allowing them to retain sufficient working capital to be able to grow their businesses".
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