SYNERGY —
OPERATING FORECASTS
550. Hon PETER COLLIER to
the minister representing the Minister for Energy:
I refer to page 266 of budget paper No
3.
(1) What is the
forecast profit/loss of Synergy by both group and corporation for the financial
years —
(a) 2020–21;
(b) 2021–22;
and
(c) 2022–23?
(2) What is the
forecast net cash flows from the financing activities of Synergy by both group
and corporation for the financial years —
(a) 2020–21;
(b) 2021–22;
and
(c) 2022–23?
(3) What is the
forecast cash and cash equivalents position at 30 June of Synergy by both group
and corporation for the financial years —
(a) 2020–21;
(b) 2021–22;
and
(c) 2022–23?
Hon
STEPHEN DAWSON replied:
I thank the honourable Leader of the
Opposition for some notice of the question. The following information has been
provided to me by the Minister for Energy.
Please be advised that Synergy
forecasts as a group only.
(1) The forecast
profit/loss of Synergy was —
(a) $66 million
net loss after tax in 2020–21;
(b) $66 million
net loss after tax in 2021–22; and
(c) $47 million
net loss after tax in 2022–23.
(2) The forecast net cash flows from
the financing activities of Synergy were —
(a) $50 million, representing
receipts from additional borrowings, in 2020–21;
(b) $50 million,
representing receipts from additional borrowings in 2021–22; and
(c) nil in 2022–23.
(3) The forecast cash and cash
equivalent position for Synergy as at 30 June was —
(a) $86 million
in 2020–21;
(b) $92 million
in 2021–22; and
(c) $72 million
in 2022–23.