Home›Questions on Notice›QoN 5036

❓ A parliamentary question seeks information on the valuation of Western Power's headquarters and potential losses from its sale. The answer reveals the building hasn't been sold.

AnsweredQoN 5036Legislative Assembly

Asked

23 February 2016

Member

Mr W.J. Johnston

Portfolio

Energy

QuestionView source ↗

I refer to the Westen Power headquarters on Wellington St, Perth and I ask: (a) how much were these buildings valued at on 30 June 2015 in the Annual Report of Western Power: (i) did this valuation include any amount in respect of intangibles or good will; and (ii) if yes, what was the total value of intangibles, and what categories were they accounted for; (b) what was the total price paid by the purchasers for this building when sold: (i) of this amount, how much was paid to real estate agents or other consultants and advisers; and (c) if the net proceeds of the sale are less than the previous total valuation (including all intangibles and other asset inclusions) has this loss been brought to the attention of Western Power: (i) if yes, what is that loss?

AnswerView source ↗

Answered

23 March 2016

Responded by

Minister for Energy

Response time

29 days

(a) The building was valued at $58.4m.
(i) No.
(ii) Not applicable.
(b) The building has not been sold.
(i) Not applicable.
(c)The building has not been sold.
(i) Not applicable.

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