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❓ WA Parliamentary Question regarding Synergy's budgeted profit, dividend payments, and tax equivalent payments to the Government for the financial years 2014-2018. The answer provides specific figures based on Synergy's approved Mid-Year Review budget 2014/15.

AnsweredQoN 3249Legislative Assembly

Asked

27 November 2014

Member

Mr W.J. Johnston

Portfolio

Energy

QuestionView source ↗

I refer to the Government’s budgeted profit, dividends and income tax equivalent expenses for Synergy, and ask: (a) what are the current up-dated budgeted expectations for Synergy’s profit for the following financial years: (i) 2014–2015; (ii) 2015–2016; (iii) 2016–2017; and (iv) 2017–2018; (b) what are the current expected dividend payments from Synergy to the Government for each of the following financial years: (i) 2014–2015; (ii) 2015–2016; (iii) 2016–2017; and (iv) 2017–2018; and (c) what are the current expected tax equivalent payments from Synergy to the Government for each of the following financial years: (i) 2014–2015; (ii) 2015–2016; (iii) 2016–2017; and (iv) 2017–2018?

AnswerView source ↗

Answered

17 February 2015

Responded by

Minister for Energy

Response time

82 days

(a)(i) 2014-15: NPBT $102.9 million
(ii) 2015-16: NPBT $80.9 million
(iii) 2016-17: NPBT $85.6 million
(iv) 2017-18: NPBT $95.7 million
(b)(i) 2014-15: $83.6 million (paid in December 2014)
(ii) 2015-16: $46.8 million (based on expected 2014-15 NPAT)
(iii) 2016-17: $36.8 million (based on expected 2015-16 NPAT)
(iv) 2017-18: $38.9 million (based on expected 2016-17 NPAT)
(c) (i) 2014-15: $30.9 million
(ii) 2015-16: $24.3 million
(iii) 2016-17: $25.7 million
(iv) 2017-18: $28.7 million
Please note that all of the above values are based on Synergy's approved Mid-Year Review budget 2014/15.

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