Hon. N.F. Moore asked about the gross turnover and net profit figures for the Rottnest Island Hotel for the financial years 1999-2000 and 2000-01. Hon. Ken Travers provided the gross sales figures for both years, but net profit was only available for 2000-01.

AnsweredQoN 980Legislative Council
Asked
19 December 2001
Portfolio
Tourism

QuestionView source ↗

ROTTNEST ISLAND HOTEL, GROSS TURNOVER AND NET PROFIT FIGURES
What were the gross turnover and net profit figures for the financial years 1999-2000 and 2000-01 for the Rottnest Island Hotel? Hon KEN TRAVERS

AnswerView source ↗

I thank the member for some notice of this question. I am advised that in 1999-2000, the hotel was under lease arrangement to EBD Nominees. The gross sales of the business amounted to $4 742 120. The net profit is not available. The gross sales figures were made available by the former lessee under the terms of the lease. The net profit of the business was not provided. In 2000-01 the hotel was under the operational management of the Rottnest Island Authority contracted to Axis Management. The gross sales of the business amounted to $4 198 572. The net operating profit was $823 607. The net operating profit demonstrates the performance of the hotel in the year. From this operating profit the authority paid the interim managers and other costs relating to the resumption of the business during the year.
Hon KEN TRAVERS replied: I thank the member for some notice of this question. I am advised that in 1999-2000, the hotel was under lease arrangement to EBD Nominees. The gross sales of the business amounted to $4 742 120. The net profit is not available. The gross sales figures were made available by the former lessee under the terms of the lease. The net profit of the business was not provided. In 2000-01 the hotel was under the operational management of the Rottnest Island Authority contracted to Axis Management. The gross sales of the business amounted to $4 198 572. The net operating profit was $823 607. The net operating profit demonstrates the performance of the hotel in the year. From this operating profit the authority paid the interim managers and other costs relating to the resumption of the business during the year.
I thank the member for some notice of this question. I am advised that in 1999-2000, the hotel was under lease arrangement to EBD Nominees. The gross sales of the business amounted to $4 742 120. The net profit is not available. The gross sales figures were made available by the former lessee under the terms of the lease. The net profit of the business was not provided. In 2000-01 the hotel was under the operational management of the Rottnest Island Authority contracted to Axis Management. The gross sales of the business amounted to $4 198 572. The net operating profit was $823 607. The net operating profit demonstrates the performance of the hotel in the year. From this operating profit the authority paid the interim managers and other costs relating to the resumption of the business during the year.
In 2000-01 the hotel was under the operational management of the Rottnest Island Authority contracted to Axis Management. The gross sales of the business amounted to $4 198 572. The net operating profit was $823 607. The net operating profit demonstrates the performance of the hotel in the year. From this operating profit the authority paid the interim managers and other costs relating to the resumption of the business during the year.

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