❓ A Western Australian parliamentary question seeks a detailed breakdown of 'Other Expenses' in Verve Energy's income statement and clarification on the nature of an 'Income Tax Benefit'. The response provides a list of expense categories and confirms the tax benefit is non-cash.
AnsweredQoN 3329Legislative Assembly
QuestionView source ↗
(1) On the Income Statement, what is the itemised breakdown for the item marked “Other Expenses” that accounts for $51,242,000?
(2) On the Income Statement in the item marked “Income Tax Benefit”, does this figure represent:
(a) an actual payment of cash; or
(b) the recognition of a tax benefit that will not be paid in cash?
(2) On the Income Statement in the item marked “Income Tax Benefit”, does this figure represent:
(a) an actual payment of cash; or
(b) the recognition of a tax benefit that will not be paid in cash?
AnswerView source ↗
Answered
10 June 2008
Responded by
Minister for Energy
Response time
35 days
Verve Energy has provided the Minister for Energy with the following response.
(1) Other expenses include:
· Hiring of vehicles and equipments
· Consultancy and professional services expenses
· Advertising & promotional
· Shared services - IT
· Cleaning
· Security
· Training
· Rental
· Permit and licences
· Payment to IMO
· Audit remuneration
· Insurance
· Travelling
· Loan Guarantee charges
· Loss on disposal of fixed assets
· Subscriptions & periodicals
· Other staff expenses
· Other office expenses
*Payments to the IMO represent Reserve Capacity Refund payments to the Independent Market Operator for Capacity not being available and represent about 27% of total other expenses.
(2) (b) the recognition of a tax benefit that will not be paid in cash.
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
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(1) Other expenses include:
· Hiring of vehicles and equipments
· Consultancy and professional services expenses
· Advertising & promotional
· Shared services - IT
· Cleaning
· Security
· Training
· Rental
· Permit and licences
· Payment to IMO
· Audit remuneration
· Insurance
· Travelling
· Loan Guarantee charges
· Loss on disposal of fixed assets
· Subscriptions & periodicals
· Other staff expenses
· Other office expenses
*Payments to the IMO represent Reserve Capacity Refund payments to the Independent Market Operator for Capacity not being available and represent about 27% of total other expenses.
(2) (b) the recognition of a tax benefit that will not be paid in cash.
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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