❓ Mr. Johnston questions the Minister for Energy regarding Horizon Power's budgeted profit and dividend payments to the government for the financial years 2012-2016, following up on a previous question. The Minister provides updated figures for both profit and dividend expectations.
AnsweredQoN 2Legislative Assembly
QuestionView source ↗
I refer to Question on Notice No. 8259, asked during the 38th Parliament, and the answer given, and ask:
(a) can the Minister confirm if these amounts remain the Government’s budgeted profit before income tax equivalent expenses for Horizon for each of the four financial years listed in that question;
(b) if no to (a), what are the current up-dated budgeted expectations for Horizon’s profit for the following financial years:
(i) 2012–2013;
(ii) 2013–2014;
(iii) 2014–2015; and
(iv) 2015–2016; and
(c) what are the current expected dividend payments from Horizon to the government for each of the following financial years:
(i) 2012–2013;
(ii) 2013–2014;
(iii) 2014–2015; and
(iv) 2015–2016?
(a) can the Minister confirm if these amounts remain the Government’s budgeted profit before income tax equivalent expenses for Horizon for each of the four financial years listed in that question;
(b) if no to (a), what are the current up-dated budgeted expectations for Horizon’s profit for the following financial years:
(i) 2012–2013;
(ii) 2013–2014;
(iii) 2014–2015; and
(iv) 2015–2016; and
(c) what are the current expected dividend payments from Horizon to the government for each of the following financial years:
(i) 2012–2013;
(ii) 2013–2014;
(iii) 2014–2015; and
(iv) 2015–2016?
AnswerView source ↗
Answered
15 May 2013
Responded by
Minister for Energy
Response time
29 days
(a) The 2012/13 Mid Year Review updated the Government's budgeted profit before income tax equivalent expenses for Horizon Power. (b) The current up-dated budgeted expectations for Horizon's profit before income tax for the following financial years are: (i) 2012-2013: $93 million; (ii) 2013-2014: $39.26 million; (iii) 2014-2015: $50.66 million; and (iv) 2015-2016: $64.34 million. (c) The current expected dividend payments from Horizon to the government for each of the following financial years are: (i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(b) The current up-dated budgeted expectations for Horizon's profit before income tax for the following financial years are: (i) 2012-2013: $93 million; (ii) 2013-2014: $39.26 million; (iii) 2014-2015: $50.66 million; and (iv) 2015-2016: $64.34 million. (c) The current expected dividend payments from Horizon to the government for each of the following financial years are: (i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(i) 2012-2013: $93 million; (ii) 2013-2014: $39.26 million; (iii) 2014-2015: $50.66 million; and (iv) 2015-2016: $64.34 million. (c) The current expected dividend payments from Horizon to the government for each of the following financial years are: (i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(ii) 2013-2014: $39.26 million; (iii) 2014-2015: $50.66 million; and (iv) 2015-2016: $64.34 million. (c) The current expected dividend payments from Horizon to the government for each of the following financial years are: (i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(iii) 2014-2015: $50.66 million; and (iv) 2015-2016: $64.34 million. (c) The current expected dividend payments from Horizon to the government for each of the following financial years are: (i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(iv) 2015-2016: $64.34 million. (c) The current expected dividend payments from Horizon to the government for each of the following financial years are: (i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(c) The current expected dividend payments from Horizon to the government for each of the following financial years are: (i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(iv) 2015-2016: $28.62 million.
(b) The current up-dated budgeted expectations for Horizon's profit before income tax for the following financial years are: (i) 2012-2013: $93 million; (ii) 2013-2014: $39.26 million; (iii) 2014-2015: $50.66 million; and (iv) 2015-2016: $64.34 million. (c) The current expected dividend payments from Horizon to the government for each of the following financial years are: (i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(i) 2012-2013: $93 million; (ii) 2013-2014: $39.26 million; (iii) 2014-2015: $50.66 million; and (iv) 2015-2016: $64.34 million. (c) The current expected dividend payments from Horizon to the government for each of the following financial years are: (i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(ii) 2013-2014: $39.26 million; (iii) 2014-2015: $50.66 million; and (iv) 2015-2016: $64.34 million. (c) The current expected dividend payments from Horizon to the government for each of the following financial years are: (i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(iii) 2014-2015: $50.66 million; and (iv) 2015-2016: $64.34 million. (c) The current expected dividend payments from Horizon to the government for each of the following financial years are: (i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(iv) 2015-2016: $64.34 million. (c) The current expected dividend payments from Horizon to the government for each of the following financial years are: (i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(c) The current expected dividend payments from Horizon to the government for each of the following financial years are: (i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(i) 2012-2013: $41.1 million; (ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(ii) 2013-2014: $38.7 million; (iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(iii) 2014-2015: $19.74 million; and (iv) 2015-2016: $28.62 million.
(iv) 2015-2016: $28.62 million.
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