INTEREST PAYMENTS

134 Dr McFETRIDGE (Morphett) (31 July 2007).

1. What will be the interest percentage paid on the extra $48.7 million in payables outlined under current liabilities in the Balance Sheet for 2007-08?

2. What are the forecast ‘payable' figures over the next four years for the department and how will the department meet these increased payment requirements out of revenue?

The Hon. P.F. CONLON (Elder—Minister for Transport, Minister for Infrastructure, Minister for Energy) I provide the following information:

The payables outlined under current liabilities in the Balance Sheet for 2007-08 includes creditors, accrued payables, accrued employee costs, other accrued expenses, accrued superannuation contributions, and other payables. These items are short term liabilities that do not generally incur an interest charge.

The current forecast payables for the next four years remain the same as for 2006-07.