❓ Question regarding the Water Corporation's asset depreciation method (replacement value vs. actual cost) and the use of resulting reserve funds. The answer clarifies that these funds are used for the Corporation's Capital Works Program.
AnsweredQoN 326Legislative Council
QuestionView source ↗
(1) Does the Water Corporation still depreciate its assets on the replacement value rather than the actual cost of acquisition?
(2) If so, what does it do with the reserve funds created?
(2) If so, what does it do with the reserve funds created?
AnswerView source ↗
Answered
5 December 2001
Responded by
Minister for Government Enterprises
Response time
20 days
(2) Funds generated have been used to assist with funding the Corporation's Capital Works Program.
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