❓ A WA parliamentary question on notice regarding Western Power's ownership and financial performance of Bright Telecommunications. The Minister confirms ownership, intention to sell, provides profit/loss figures, and clarifies the company's dormant status until recently.
AnsweredQoN 1539Legislative Assembly
QuestionView source ↗
With reference to Bright Telecommunications –
(1) Does Western Power still own the company?
(2) If so, does Western Power intend to maintain ownership in the future?
(3) What was the profit or loss for each of the years ending 30 June 2006, 2005, 2004 and 2003?
(4) Has an annual report and accounts for the year ended 30 June 2006 been completed?
(5) If so, will the Minister table a copy?
(6) If not, will the Minister table a copy of the report and accounts for the year ended 30 June 2005?
(7) If not, why not?
(1) Does Western Power still own the company?
(2) If so, does Western Power intend to maintain ownership in the future?
(3) What was the profit or loss for each of the years ending 30 June 2006, 2005, 2004 and 2003?
(4) Has an annual report and accounts for the year ended 30 June 2006 been completed?
(5) If so, will the Minister table a copy?
(6) If not, will the Minister table a copy of the report and accounts for the year ended 30 June 2005?
(7) If not, why not?
AnswerView source ↗
Answered
24 October 2006
Responded by
Minister for Energy
Response time
27 days
The Minister for Energy has provided the following response: (1) Yes, Western Power is the 100% shareholder of Bright Telecommunications Pty Ltd. (2) No, Western Power does not intend to maintain ownership in the future. The Bright business is outside the core activities of energy transmission and distribution. In addition, the business requires substantial capital for growth with higher market risk. (3) The profit/ loss for each financial period is as follows for the Bright operations of Western Power: Profit (Loss) excluding customer connection costs : 2003, 4.8 million. 2004, 4.1 million. 2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
(1) Yes, Western Power is the 100% shareholder of Bright Telecommunications Pty Ltd. (2) No, Western Power does not intend to maintain ownership in the future. The Bright business is outside the core activities of energy transmission and distribution. In addition, the business requires substantial capital for growth with higher market risk. (3) The profit/ loss for each financial period is as follows for the Bright operations of Western Power: Profit (Loss) excluding customer connection costs : 2003, 4.8 million. 2004, 4.1 million. 2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
(2) No, Western Power does not intend to maintain ownership in the future. The Bright business is outside the core activities of energy transmission and distribution. In addition, the business requires substantial capital for growth with higher market risk. (3) The profit/ loss for each financial period is as follows for the Bright operations of Western Power: Profit (Loss) excluding customer connection costs : 2003, 4.8 million. 2004, 4.1 million. 2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
(3) The profit/ loss for each financial period is as follows for the Bright operations of Western Power: Profit (Loss) excluding customer connection costs : 2003, 4.8 million. 2004, 4.1 million. 2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
Profit (Loss) excluding customer connection costs : 2003, 4.8 million. 2004, 4.1 million. 2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
2003, 4.8 million. 2004, 4.1 million. 2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
2004, 4.1 million. 2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
(4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
(5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
(6-7) Not applicable.
(1) Yes, Western Power is the 100% shareholder of Bright Telecommunications Pty Ltd. (2) No, Western Power does not intend to maintain ownership in the future. The Bright business is outside the core activities of energy transmission and distribution. In addition, the business requires substantial capital for growth with higher market risk. (3) The profit/ loss for each financial period is as follows for the Bright operations of Western Power: Profit (Loss) excluding customer connection costs : 2003, 4.8 million. 2004, 4.1 million. 2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
(2) No, Western Power does not intend to maintain ownership in the future. The Bright business is outside the core activities of energy transmission and distribution. In addition, the business requires substantial capital for growth with higher market risk. (3) The profit/ loss for each financial period is as follows for the Bright operations of Western Power: Profit (Loss) excluding customer connection costs : 2003, 4.8 million. 2004, 4.1 million. 2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
(3) The profit/ loss for each financial period is as follows for the Bright operations of Western Power: Profit (Loss) excluding customer connection costs : 2003, 4.8 million. 2004, 4.1 million. 2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
Profit (Loss) excluding customer connection costs : 2003, 4.8 million. 2004, 4.1 million. 2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
2003, 4.8 million. 2004, 4.1 million. 2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
2004, 4.1 million. 2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
2005, 0.6 million. 2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
2006, 0.6 million. (4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
(4) No. The subsidiary Bright Telecommunications Pty Ltd (BTPL) was dormant from its inception in December 2002 to June 2006. During this period the Bright business functioned within the Western Power charter and business activities. These activities were recorded in a separate ring-fenced ledger. BTPL has been activated from the 1 st July 2006 to facilitate the sale of the business. (5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
(5) Not Applicable as the company was dormant to the 30 th June 2006. (6-7) Not applicable.
(6-7) Not applicable.
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