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❓ Mr. Johnston requests detailed information on all finance leases held by WA Health agencies, including asset values, counterparties, lease terms, and associated financial obligations. The response refers to a tabled paper containing the requested details.

AnsweredQoN 5824Legislative Assembly

Asked

25 August 2016

Member

Mr W.J. Johnston

Portfolio

Health

QuestionView source ↗

I refer to the Annual Report of State Finances 2014-15 Note 3: Summary of Significant Accounting Policies, and specifically to sub-note (r) Leases on page 81, and I ask: (a) for each agency in the Minister's portfolio, please detail each finance lease that is currently in force for each agency, and for each such lease: (i) please specify the specific infrastructure or property, plant or equipment that has been financed by such a lease, what value was assigned to that infrastructure or property, plant or equipment at the time the lease was created, and what is the current value of that infrastructure or property, plant or equipment; (ii) who is the counter party for each lease, and on what date did each lease come into force, and when is it expected that the lease will expire; and (iii) what was the original value of each such lease, and what is the current value of each lease; and (b) for the specific infrastructure or property, plant or equipment financed by each such lease: (i) what is the expected value of the item at the expiration of the lease; (ii) is there an obligation to make a "balloon" or similar payment at the expiration of the lease, and if so, what is the value of any such payment, and when is it due to be made; and (iii) what is the “interest rate implicit in the lease” for each such lease?