Hon Diane Evers questions the Forest Products Commission (FPC) regarding the biological valuation of native forests, seeking specific financial data related to logging activities and associated costs. The response clarifies that biological asset values are aggregated and directs the questioner to relevant sections of the FPC's annual reports.

AnsweredQoN 1881Legislative Council
Asked
19 February 2019
Portfolio
Forestry

QuestionView source ↗

With regard to the biological valuations of native forests as per the Forest Products Commission's annual reports: (a) what was the biological asset value at the beginning of the year, of the area logged in each of the years 2002-03 through to 2017-18, and what was the revenue received for the area cut, the actual point-of-sale costs and the necessary costs to get the assets to market in each year (as described on page 60 of the Forest Products Commission (FPC) Annual Report 16-17); and (b) please confirm whether ‘actual point-of-sale costs and the necessary costs to get the assets to market’ include all related costs of operating the FPC such as, administrative costs, management costs, etc?

AnswerView source ↗

Answered
3 April 2019
Responded by
Minister for Regional Development representing the Minister for Forestry
Response time
10 days
(a) Native forest biological asset values are not specific to individual areas of forest; it is done at an aggregate level of the available forest estate. A comprehensive explanation of biological assets is provided in the Financial Statements of the 2017-2018 Annual Report section 2.17 page 59, see Attachment 1.
[See tabled paper no.]
The revenue and applicable costs of sale, for areas harvested each year, are disclosed in the relevant year’s annual report, see Attachment 2.
[See tabled paper no.]
(b) Yes.

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