Home›Questions on Notice›QoN 5594

❓ A WA parliamentary question seeking detailed information on finance leases held by agencies within the Minister's portfolio (Local Government, Community Services, Seniors and Volunteering, Youth) since 2008. The answer indicates no relevant leases exist for the specified agencies within the relevant timeframes.

AnsweredQoN 5594Legislative Assembly

Asked

30 June 2016

Member

Mr W.J. Johnston

Portfolio

Local Government; Community Services; Seniors and Volunteering; Youth

QuestionView source ↗

I refer to Note 3: Summary of Significant Accounting Policies, and specifically to sub-note (r) Leases on page 81 of the Annual Report of State Finances 2014-15, and I ask: (a) for each agency in the Minister's portfolio, please detail each finance lease that has been entered into since 8 September 2008 and currently in force for each agency; (b) for each such lease, 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; (c) for each such lease, 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; (d) what was the original value of each such lease, and what is the current value of each lease; (e) for the specific infrastructure or property, plant or equipment financed by each such lease, what is the expected value of the item at the expiration of the lease; (f) for each such lease, 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 (g) what is the “interest rate implicit in the lease” for each such lease?

AnswerView source ↗

Answered

16 August 2016

Responded by

Minister for Local Government; Community Services; Seniors and Volunteering; Youth

Response time

47 days

Metropolitan Cemetery Board
(a) Nil
(b)-(g) Not applicable
Department Local Government Communities
(a)-(g) Since the formation of the Department of Local Government and Communities on 1 July 2013, the Department has not entered into any financial leases.

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