House of Assembly - Fifty-Third Parliament, Second Session (53-2)
2015-07-29 Daily Xml

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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)