Dr. Steve Thomas asks the Minister for Energy to explain Synergy's $428.9 million impairment and $152.4 million onerous contract, as detailed in the 2019 Annual Report. The Minister refers him to specific notes within the report.

AnsweredQoN 2570Legislative Council
Asked
15 October 2019
Portfolio
Energy

QuestionView source ↗

I refer to the 2019 Annual Report of Synergy tabled in Parliament on 26 September 2019, and I ask: (a) what exactly is represented by the so called "impairment" of $428.9 million referred to by the Chairman and the CEO; (b) what exactly is the $152.4 million "onerous contract" referred to by the Chairman and the CEO; and (c) will the Minister please provide details of both write downs?

AnswerView source ↗

Answered
19 November 2019
Responded by
Minister for Environment representing the Minister for Energy
Response time
9 days
(a) - (c)       Please refer to notes 3.1 5.1 5.2 and 5.4 to the Financial Report contained in the 2019 Synergy Annual Report tabled in Parliament.

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