House of Assembly: Wednesday, July 29, 2015

Contents

Renewal SA

In reply to Ms CHAPMAN (Bragg—Deputy Leader of the Opposition) (17 July 2014). (Estimates Committee A) (First Session)

The Hon. J.R. RAU (Enfield—Deputy Premier, Attorney-General, Minister for Justice Reform, Minister for Planning, Minister for Housing and Urban Development, Minister for Industrial Relations, Minister for Child Protection Reform): I have been provided the following advice:

Renewal SA's total estimated cost of land sales for 2013-14 is $44.442 million and the total estimated revenue for land sales in 2013-14 is $84.485 million.

Renewal SA's originally forecast net operating balance for 2013-14 is a loss of $13.366 million.

Renewal SA's operating balance for each of the forward estimate years is as follows:

2013–14 2014–15 2015–16 2016–17 2017–18
$'000 $'000 $'000 $'000 $'000
Net operating balance before dividends and income tax equivalents (20,082) 22,199 (17,495) (14,727) (7,458)