Our performance - the year in review
Output: Government-owned corporations performance and governance
| Strategic business priorities | Highlights | The year ahead |
|---|---|---|
Assist shareholding Ministers in setting performance targets for GOCs. |
Supported shareholding Ministers in finalising performance agreements with GOCs. Collected dividends and tax equivalents from GOCs of $982 million to fund Government services. |
Collect $938 million in forecast revenue to fund Government services. Finalise statements of corporate intent with GOCs in accordance with legislative timeframes. |
Provide clear guidance on the State's risk tolerance and assess the risks and returns faced by GOCs in pursuing business and investment strategies. |
Assessed 23 GOC investment proposals to a total value of $2.1 billion. |
Assess GOC capital programs to a total budgeted value of $3.6 billion. |
Ensure GOCs comply with all relevant policies. |
Conducted review of GOC corporate governance practices. Completed review of GOC financial risk management policies. |
Finalise corporate governance guidelines and work with GOCs to understand and apply the guidelines. |
| 2004-05 | 2003-04 | |
|---|---|---|
| State contribution | $2.88M | $2.61M |
| Other revenue | $0.87M | $0.35M |
| Full-time equivalent employees | 23 | 24 |
Net assets - total GOC sector
Analysis: GOCs' net assets in the last financial year have grown by $2.3 billion.
