ASSET DISPOSAL

In reply to Mr HAMILTON-SMITH (Waite—Leader of the Opposition) (20 November 2007).

The Hon. K.O. FOLEY (Port Adelaide—Deputy Premier, Treasurer, Minister for Industry and Trade, Minister for Federal/State Relations): The gain on disposal of $1.252  million relates solely to the sale of vehicles by Fleet S.A. in the six months from 1 January 2007 to 30 June 2007.

The gain on disposal is the accounting treatment that arises when the sale price of a vehicle exceeds the book value reflected in the accounting records of the Department of Treasury and Finance.