❓ 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
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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