SYNERGY — 2019–20
BUDGET
552. Hon PETER COLLIER to the minister representing the
Minister for Energy:
I refer to page 78 of Synergy's
2018 annual report.
(1) As at the
2019–20 budget, what is the forecast cash and short-term deposits
amount for each of 2019–20, 2020–21, 2021–22 and 2022–23?
(2) As at the
2019–20 budget, what is the forecast interest-bearing loans and
borrowings amount for each of 2019–20, 2020–21, 2021–22
and 2022–23?
(3) As at the 2019–20 budget, what is the
forecast amount of accumulated losses for each of 2019–20, 2020–21,
2021–22 and 2022–23?
Hon
STEPHEN DAWSON replied:
I thank the Leader of the Opposition
for some notice of the question. The following information has been provided to
me by the Minister for Energy.
(1) The closing
cash and cash equivalents amount in 2019–20 is $110 million; in 2020–21,
it is $86 million; in 2021–22, it is $92 million; and in 2022–23,
it is $150 million.
(2) The closing
borrowings balance in 2019–20 is $103 million; in 2020–21, it
is $150 million; in 2021–22, it is $200 million; and in 2022–23,
it is $200 million.
(3) Noting that
the accumulated losses since the commencement of the Synergy business start
from the $367 million loss position, as outlined in the 2018 annual report, the
accumulated losses in 2019–20 are $419 million; in 2020–21,
they are $485 million; in 2021–22, they are $550 million; and in 2022–23,
they are $597 million.