Ministry of Defence: Investment Income

(asked on 2nd March 2017) - View Source

Question to the Ministry of Defence:

To ask the Secretary of State for Defence, whether the dividend from investment recorded as proceeding from others in the table below paragraph 16.26 of his Department's Annual Report and Accounts, 2010-11, HC 992, represents a dividend from IMS Ltd; whether the National Audit Office audited that sum and the funds invested for which that sum was a dividend; and what use was made of the funds arising from that dividend.


Answered by
Michael Fallon Portrait
Michael Fallon
This question was answered on 7th March 2017

The £5 million dividend recorded as "other" in the 2010-11 Ministry of Defence (MOD) Annual Report and Accounts was received from International Military Services Limited, and was audited by the National Audit Office.

Any sources of income received by the MOD are used to fund Defence activity.

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