❓ Mr. Johnston questions the book value of Vinalco Pty Ltd and its debt to Synergy as of June 30, 2014. The answer reveals Synergy's investment in Vinalco was fully impaired shortly after acquisition.
AnsweredQoN 3250Legislative Assembly
QuestionView source ↗
I refer to Vinalco Pty Ltd, and ask: (a) what was the book value of Vinalco Pty Ltd on 30 June 2014; and (b) how much did Vinalco Pty Ltd owe to Synergy on 30 June 2014?
AnswerView source ↗
Answered
17 February 2015
Responded by
Minister for Energy
Response time
82 days
(a) At 30 June 2014 Synergy's consolidated financial statements included a net investment in Vinalco of $ Nil due to the fact that when Synergy acquired Vinalco in June 2013, and as reflected in the financial statements for 30 June 2013, the entire investment was impaired.
(b) N/A
(b) N/A
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