❓ WA Parliamentary Question on Notice regarding dividends from Western Power entities after its split, and the value of roadways within total government assets. The answer details dividend amounts and explains factors affecting dividend payments.
AnsweredQoN 2984Legislative Assembly
QuestionView source ↗
(a) 2000–2001;
(b) 2001–2002;
(c) 2002–2003;
(d) 2004–2005;
(e) 2005–2006; and
(f) 2006–2007?
(2) What is the expected dividend from each of the four entities established by the split up of Western Power in:
(a) 2007–2008;
(b) 2008–2009; and
(c) 2009–2010?
(3) What is the amount of land contained in the Land and Fixed Assets component of Total Government Assets that consists of roadways?
(b) 2001–2002;
(c) 2002–2003;
(d) 2004–2005;
(e) 2005–2006; and
(f) 2006–2007?
(2) What is the expected dividend from each of the four entities established by the split up of Western Power in:
(a) 2007–2008;
(b) 2008–2009; and
(c) 2009–2010?
(3) What is the amount of land contained in the Land and Fixed Assets component of Total Government Assets that consists of roadways?
AnswerView source ↗
Answered
2 April 2008
Response time
36 days
(1)
(a) $ 73.922m
(b) $103.354m
(c) $119.068m
(d) $117.900m
(e) $ 95.395m
(f) $116.401m
Western Power Corporation was split to four entities: Western Power Network (WP), Horizon Power, Synergy, and Verve Energy in 31 March 2006.
(g) Western Power: $25.664m (interim dividend)
Synergy: $6.855m
(2) Dividend payments forecast in the 2007-08 Budget. Horizon Power and Verve Energy have not paid and are not expected to pay dividends in the period to 2009-2010.
(a) WP: $47.703m
Synergy:
$ 6.711m
$54.414m
(b) WP: $36.309m
Synergy:
$ 8.527m
$44.836m
(c) WP: $55.532m
Synergy:
$ 5.756m
$61.288m
Substantial increases in costs in the electricity industry generally in the context of a residential and small business tariff freeze since 1997/98 have affected the capacity of Verve to pay dividends.
(3) Note 21 to the Consolidated Financial Statements appearing on page 111 of Appendix 6 of the 2006?07
Annual Report on State Finances
shows that
land under roads
was valued at
$16,417
million. This represents 15.9% of total public sector assets at 30 June 2007.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
(a) $ 73.922m
(b) $103.354m
(c) $119.068m
(d) $117.900m
(e) $ 95.395m
(f) $116.401m
Western Power Corporation was split to four entities: Western Power Network (WP), Horizon Power, Synergy, and Verve Energy in 31 March 2006.
(g) Western Power: $25.664m (interim dividend)
Synergy: $6.855m
(2) Dividend payments forecast in the 2007-08 Budget. Horizon Power and Verve Energy have not paid and are not expected to pay dividends in the period to 2009-2010.
(a) WP: $47.703m
Synergy:
$ 6.711m
$54.414m
(b) WP: $36.309m
Synergy:
$ 8.527m
$44.836m
(c) WP: $55.532m
Synergy:
$ 5.756m
$61.288m
Substantial increases in costs in the electricity industry generally in the context of a residential and small business tariff freeze since 1997/98 have affected the capacity of Verve to pay dividends.
(3) Note 21 to the Consolidated Financial Statements appearing on page 111 of Appendix 6 of the 2006?07
Annual Report on State Finances
shows that
land under roads
was valued at
$16,417
million. This represents 15.9% of total public sector assets at 30 June 2007.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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