Legislative Council Wednesday 25 March, 2020

Ms FORREST question to LEADER of the GOVERNMENT in the LEGISLATIVE COUNCIL, Mrs HISCUTT

I refer to the 2019 Annual Report for Hydro Tasmania;
Note 16 on page 51 includes an amount of $195.83 million was recognised as an additional provision for onerous contracts.
1. What does this relate to?

ANSWER:
1. Hydro Tasmania follows accounting standards on how to recognise onerous contracts relating to the sale and purchase of certain products on its balance sheet, the contracts themselves are commercial in confidence.