❓ Question on Notice regarding outstanding creditor payments for various WA government entities related to energy, resources, and industry as of June 30, 2007. The responses detail the amount and number of creditors outstanding across different timeframes, highlighting reasons for delays.
AnsweredQoN 2558Legislative Assembly
QuestionView source ↗
(a) what was the amount and number of creditors outstanding for less than or equal to 30 days as at 30 June 2007;
(b) what was the amount and number of creditors outstanding for less than or equal to 60 days as at 30 June 2007;
(c) what was the amount and number of creditors outstanding for less than or equal to 90 days as at 30 June 2007;
(d) what was the amount and number of creditors outstanding for less than or equal to 120 days as at 30 June 2007; and
(e) what was the amount and number of creditors outstanding more than 120 days as at 30 June 2007?
(b) what was the amount and number of creditors outstanding for less than or equal to 60 days as at 30 June 2007;
(c) what was the amount and number of creditors outstanding for less than or equal to 90 days as at 30 June 2007;
(d) what was the amount and number of creditors outstanding for less than or equal to 120 days as at 30 June 2007; and
(e) what was the amount and number of creditors outstanding more than 120 days as at 30 June 2007?
AnswerView source ↗
Answered
19 September 2007
Responded by
Minister for Energy; Resources; Industry and Enterprise
Response time
36 days
The Minister for Energy; Resources; Industry and Enterprise has been provided with the following response:
MERIWA
The Minerals and Energy Research Institute of Western Australia (MERIWA) has no outstanding creditors for:
(a - e).
DEPARTMENT OF INDUSTRY AND RESOURCES
Please refer to question on notice number 2549.
OFFICE OF ENERGY
(a-e) Nil and not applicable.
INDEPENDENT MARKET OPERATOR
(a) Thirteen creditors totalling $142,286.71.
(b-e) Nil.
WESTERN POWER
Western Power makes ever effort to pay creditors within 30 days, however there are circumstances under which this is not possible. Examples, which are reflected in the figures provided below are:
Late billing
Some creditors do not submit invoices for more than 30 days after the goods or services are supplied. The date recorded in the finance system is the date of the invoice (not the date the invoice is received) and therefore such invoices will appear as outstanding for more than 30 days even if they are paid on the day they are received.
Accounts in dispute
Accounts are not approved for payment until any dispute is resolved.
Proof of receipt
In some instances invoices are received and there is no evidence of the goods or services having been physically received. Good control practice is to only approve these invoices for payment when the receipt of goods and services has been confirmed.
Confirmation of price variations
In some instances, invoices are received with values that do not agree to the approved purchase order value. In such instances these variances have to be resolved with the supplier before payment is made.
(a) $1,281,663 and 205 creditors.
(b) $142,721 and 127 creditors.
(c) $75,704 and 126 creditors.
(d) $27,494 and 4 creditors.
(e) $25,131 and 6 creditors.
VERVE ENERGY
Verve Energy makes every effort to pay creditors within 30 days, however there are circumstances under which this is not possible. Examples, which are reflected in the figures provided below are:
Late billing
Some creditors do not submit invoices for more than 30 days after the goods or services are supplied. The date recorded in the finance system is the date of the invoice (not the date the invoice is received) and therefore such invoices will appear as outstanding for more than 30 days even if they are paid on the day they are received.
Accounts in dispute
Accounts are not approved for payment until any dispute is resolved.
Misdirected invoices
Payment can be delayed if invoices are incorrectly addressed.
a) less than 30 days, 284 creditors, $9,375,453.
b) less than 60 days, 33 creditors, $87,081.
c) less than 90 days, 2 creditors, $90,077.
d) less than 120 days, 1 creditor, $355,305.
e) more than 120 days, nil creditors, nil amount.
HORIZON POWER
a) 141 creditors, $1,280,328.40.
b) 23 creditors, $190,477.86.
c) 2 creditors, $148,363.48.
d) 3 creditors, $2,010.71.
e) 5 creditors, $973.25.
Horizon Power makes every effort to pay creditors within 30 days, however there are circumstances under which this is not possible. Examples, which are reflected in the figures provided are:
Accounts in dispute
Accounts are not approved for payment until any dispute is resolved.
Accounts awaiting substantiation
Horizon Power does not authorise the payment of an account until it is satisfied that the goods or services under claim have been received, or are in line with an alternative payment agreement. There are cases in which the claim for payment (invoice) provides insufficient information. This can cause delays in payment.
Late billing
Some creditors do not submit invoices until more than 30 days after the goods or services are supplied. The date recorded in the finance system is the date of the invoice (not the date the invoice is received) and therefore such invoices will appear as outstanding for more than 30 days even if they are paid on the day they are received.
Note: Horizon Power paid every account showing as due for more than 30 days (as at 30 June 2007) within 10 days of the new month.
SYNERGY
(a) 49 creditors outstanding for less than or equal to 30 days, totalling $996,705.69.
(b - e) Nil.
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MERIWA
The Minerals and Energy Research Institute of Western Australia (MERIWA) has no outstanding creditors for:
(a - e).
DEPARTMENT OF INDUSTRY AND RESOURCES
Please refer to question on notice number 2549.
OFFICE OF ENERGY
(a-e) Nil and not applicable.
INDEPENDENT MARKET OPERATOR
(a) Thirteen creditors totalling $142,286.71.
(b-e) Nil.
WESTERN POWER
Western Power makes ever effort to pay creditors within 30 days, however there are circumstances under which this is not possible. Examples, which are reflected in the figures provided below are:
Late billing
Some creditors do not submit invoices for more than 30 days after the goods or services are supplied. The date recorded in the finance system is the date of the invoice (not the date the invoice is received) and therefore such invoices will appear as outstanding for more than 30 days even if they are paid on the day they are received.
Accounts in dispute
Accounts are not approved for payment until any dispute is resolved.
Proof of receipt
In some instances invoices are received and there is no evidence of the goods or services having been physically received. Good control practice is to only approve these invoices for payment when the receipt of goods and services has been confirmed.
Confirmation of price variations
In some instances, invoices are received with values that do not agree to the approved purchase order value. In such instances these variances have to be resolved with the supplier before payment is made.
(a) $1,281,663 and 205 creditors.
(b) $142,721 and 127 creditors.
(c) $75,704 and 126 creditors.
(d) $27,494 and 4 creditors.
(e) $25,131 and 6 creditors.
VERVE ENERGY
Verve Energy makes every effort to pay creditors within 30 days, however there are circumstances under which this is not possible. Examples, which are reflected in the figures provided below are:
Late billing
Some creditors do not submit invoices for more than 30 days after the goods or services are supplied. The date recorded in the finance system is the date of the invoice (not the date the invoice is received) and therefore such invoices will appear as outstanding for more than 30 days even if they are paid on the day they are received.
Accounts in dispute
Accounts are not approved for payment until any dispute is resolved.
Misdirected invoices
Payment can be delayed if invoices are incorrectly addressed.
a) less than 30 days, 284 creditors, $9,375,453.
b) less than 60 days, 33 creditors, $87,081.
c) less than 90 days, 2 creditors, $90,077.
d) less than 120 days, 1 creditor, $355,305.
e) more than 120 days, nil creditors, nil amount.
HORIZON POWER
a) 141 creditors, $1,280,328.40.
b) 23 creditors, $190,477.86.
c) 2 creditors, $148,363.48.
d) 3 creditors, $2,010.71.
e) 5 creditors, $973.25.
Horizon Power makes every effort to pay creditors within 30 days, however there are circumstances under which this is not possible. Examples, which are reflected in the figures provided are:
Accounts in dispute
Accounts are not approved for payment until any dispute is resolved.
Accounts awaiting substantiation
Horizon Power does not authorise the payment of an account until it is satisfied that the goods or services under claim have been received, or are in line with an alternative payment agreement. There are cases in which the claim for payment (invoice) provides insufficient information. This can cause delays in payment.
Late billing
Some creditors do not submit invoices until more than 30 days after the goods or services are supplied. The date recorded in the finance system is the date of the invoice (not the date the invoice is received) and therefore such invoices will appear as outstanding for more than 30 days even if they are paid on the day they are received.
Note: Horizon Power paid every account showing as due for more than 30 days (as at 30 June 2007) within 10 days of the new month.
SYNERGY
(a) 49 creditors outstanding for less than or equal to 30 days, totalling $996,705.69.
(b - e) Nil.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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