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 net debt balance across the forward estimates is outlined in the following table:

2013-14 2014-15 2015-16 2016-17 2017-18
$'000 $'000 $'000 $'000 $'000
Cash 20,333 14,042 25,570 29,349 34,222
Mortgage debtors receivable (Industrial & Commercial Premises Scheme) 21,811 15,036 8,639 1,788 0
Cash & Cash Equivalents 42,144 29,078 34,209 31,137 34,222
Current borrowings (56,706) (56,073) (56,472) (52,122) (50,618)
Non-current borrowings (410,822) (454,236) (470,827) (451,442) (461,965)
Gross Debt (467,528) (510,309) (527,299) (503,564) (512,583)
Net Debt (425,384) (481,231) (493,090) (472,427) (478,361)


Projects that significantly impact the net debt balance include Tonsley and Bowden. Both projects have forecast significant capital development (cash outflows) within the forward estimates with sales (cash inflows) forecast later in the project life cycle and beyond the forward estimates.