Mr. Johnston questions the Minister for Energy regarding Verve's budgeted profit and dividend payments to the government, seeking updated figures for the next four financial years. The Minister provides the updated forecasts.

AnsweredQoN 4Legislative Assembly
Asked
16 April 2013
Portfolio
Energy

QuestionView source ↗

I refer to Question on Notice No. 8260, asked in the 38th Parliament, and the answer given, and ask:
(a) can the Minister confirm that these amounts remain the Government’s budgeted profit before income tax equivalent expenses for Verve for each of the four financial years listed in that question;
(b) if no to (a), what are the current up-dated budgeted expectations for Verve’s profit for the following financial years:
(i) 2012–2013;
(ii) 2013–2014;
(iii) 2014–2015; and
(iv) 2015–2016; and
(c) what are the current expected dividend payments from Verve to the Government for each of the following financial years:
(i) 2012–2013;
(ii) 2013–2014;
(iii) 2014–2015; and
(iv) 2015–2016?

AnswerView source ↗

Answered
15 May 2013
Responded by
Minister for Energy
Response time
29 days
(a) No. (b) Updated Net Profit before Income Tax forecasts are listed below: 2012-2013: $139.3 million 2013-2014: $181.9 million 2014-2015: $167.9 million 2015-2016: $126.4 million (c) 2012-2013: $39.8 million 2013-2014: $63.4 million 2014-2015: $82.8 million 2015-2016: $76.4 million
(b) Updated Net Profit before Income Tax forecasts are listed below: 2012-2013: $139.3 million 2013-2014: $181.9 million 2014-2015: $167.9 million 2015-2016: $126.4 million (c) 2012-2013: $39.8 million 2013-2014: $63.4 million 2014-2015: $82.8 million 2015-2016: $76.4 million
2012-2013: $139.3 million 2013-2014: $181.9 million 2014-2015: $167.9 million 2015-2016: $126.4 million (c) 2012-2013: $39.8 million 2013-2014: $63.4 million 2014-2015: $82.8 million 2015-2016: $76.4 million
2013-2014: $181.9 million 2014-2015: $167.9 million 2015-2016: $126.4 million (c) 2012-2013: $39.8 million 2013-2014: $63.4 million 2014-2015: $82.8 million 2015-2016: $76.4 million
2014-2015: $167.9 million 2015-2016: $126.4 million (c) 2012-2013: $39.8 million 2013-2014: $63.4 million 2014-2015: $82.8 million 2015-2016: $76.4 million
2015-2016: $126.4 million (c) 2012-2013: $39.8 million 2013-2014: $63.4 million 2014-2015: $82.8 million 2015-2016: $76.4 million
(c) 2012-2013: $39.8 million 2013-2014: $63.4 million 2014-2015: $82.8 million 2015-2016: $76.4 million
2013-2014: $63.4 million 2014-2015: $82.8 million 2015-2016: $76.4 million
2014-2015: $82.8 million 2015-2016: $76.4 million
2015-2016: $76.4 million

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