tag:blogger.com,1999:blog-4314112685994399920.post9127849709124432772..comments2024-03-28T07:44:28.089+11:00Comments on Tasfintalk: Forestry Tasmania's insolvency reporttasfintalkhttp://www.blogger.com/profile/04012719835733649162noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-4314112685994399920.post-79421202849944407432020-01-19T07:43:37.396+11:002020-01-19T07:43:37.396+11:00Super Bowl 54 Tickets The NFL said fans will get e...<a href="http://sdsn.develop.cinfores.com/index.php/component/k2/itemlist/user/2580771" rel="nofollow">Super Bowl 54 Tickets</a> The NFL said fans will get exclusive field access at Marlins Park for player autograph signings. In addition,rossalexeyhttps://www.blogger.com/profile/09395747676872960390noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-38724406873681064922020-01-19T07:43:21.331+11:002020-01-19T07:43:21.331+11:00Super Bowl 54 Tickets The NFL said fans will get e...<a href="http://sdsn.develop.cinfores.com/index.php/component/k2/itemlist/user/2580771" rel="nofollow">Super Bowl 54 Tickets</a> The NFL said fans will get exclusive field access at Marlins Park for player autograph signings. In addition,rossalexeyhttps://www.blogger.com/profile/09395747676872960390noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-62882392732029949702017-06-06T11:46:36.909+10:002017-06-06T11:46:36.909+10:00Thank you John Lawrence, your qualified assessment...Thank you John Lawrence, your qualified assessment toward the fanciful financial perspectives of Forestry Tasmania (or whatever Guy Barnett is intending to rebrand this loss-making blight on our landscape is soon to be known as) are as impeccable as are your professional credentials.<br />Given that Tasmania's major economic woes are the product of the policies and short-sighted agendas of this State's Lib/Lab government (dunce-cap wearing) treasurers and the failing arithmetic of each party's State ministers no matter which political flag is raised aloft.<br />N neither party has any crucial understanding of running profitable business operations, GBE's or of funding any long awaited State-beneficial infrastructure.<br />Their (Lib/Lab coalition's only get-out is to lean further upon the Tascorps borrowing capacity to borrow even more money from some filthy rich mystery institution, or to further draw down from the budgeted Health and Hospital allocated funds, also from the existing citizen welfare budget allocated funds.<br /><br />This surreptitious grasping of "elsewhere allocated funds" to prop up This State's Forestry Tasmania GBE as something other than the public fed pack-horse for Tasmania's overseas-owned Ta Ann Berhad continuing presence in Tasmania is concerned, will forever be destined to be a taxpayer funded failure.<br />As you have already pointed out the log supply Ta Ann's delivery of heavily discounted native forest hardwood logs, actually and factually comes at a high cost to the Tasmanian citizens themselves.<br />One would think that this Ta Ann business operation in its entering into Tasmania, while its entry into this State was being forcefully facilitated by a former school-mate of the TA Ann business owner (Mr Hamed Sepawi), was largely due to the energy and efforts of this former CEO of the reckless logging GBE of Forestry Tasmania, then with further added opulent gifting's allotted to Ta Ann by courtesy of this State's 9% man, former Premier Paul (Thuggo) Lennon, one should call in the insolvency professionals to sort out the truth from the forever spruiked fictions. <br />He of Forestry Tasmania fame also helping Mr Hamed Sepawi set up his cheap as chips log supply with a number of State taxpayer funded subsidies and a number of other generous inducements, is it any wonder that Forestry Tasmania can do anything other than run up huge financial losses brought upon them by the guile and delusional benefit of hosting such an overseas owned State revenue peeling slicing and dicing Tasmanian Native Forest export business.<br />To be told that Guy Barnett has a wondrous new scheme that will see the losses of Ta Ann's pack horse being minimised in any way, will be akin to wishing further financial ruin upon Tasmania's "already struggling" economy.<br />If only this State's ministers and their nodders would stick to opening sausage sizzles and new kindergarten openings, Tasmania's private sector could be encouraged to expand their business operations on the strength of Ta Ann Berhad being ejected out of Tasmania in the most immediate future.<br />Furthermore, this would ensure that Tasmanian revenues remained in Tasmania where they rightly belong.williambtmhttps://www.blogger.com/profile/17652961229049813721noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-71421298046286978552017-06-03T14:16:06.081+10:002017-06-03T14:16:06.081+10:00hello jonh,thanks for your sharing and reply,welco...hello jonh,thanks for your sharing and reply,welcome to gclub casino,if you want to play online casino all game please click here to join us now thank you!<br /> <br /><a href="https://www.golden-slot.com/goldenslot-mobile/" rel="nofollow">goldenslot mobile</a><br /><a href="https://www.gclub-casino.com/" rel="nofollow">จีคลับ</a><br /><a href="http://www.yama16.com" rel="nofollow">gclub</a><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-58131448603316088242017-04-27T17:48:55.072+10:002017-04-27T17:48:55.072+10:00Perhaps not exactly what I was after, but it does ...Perhaps not exactly what I was after, but it does make for salutary reading. This report should be resubmitted to the LegCo as a reminder of their negligence and lack of oversight. Thanks John.Gordonhttps://www.blogger.com/profile/13843374555127394413noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-40755503843734438672017-04-23T17:26:00.001+10:002017-04-23T17:26:00.001+10:00Gordon I just had a look at my copy of AG's re...Gordon I just had a look at my copy of AG's report. What you want may be on page 75?tasfintalkhttps://www.blogger.com/profile/04012719835733649162noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-29747838377694690262017-04-23T17:22:46.701+10:002017-04-23T17:22:46.701+10:00Gordon, try the Auditor General's Special Repo...Gordon, try the Auditor General's Special Report No 100 dated July 2011 called Financial & Economic Performance of FT. It covers the period 1994 to 2010. Drop me a line if you've got any queries. If you're looking at FT financials use the cash flow statement not the P&L. The CFS shows when cash is received by FT.<br />John<br />tasfintalkhttps://www.blogger.com/profile/04012719835733649162noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-59215072410286587762017-04-20T18:21:27.094+10:002017-04-20T18:21:27.094+10:00Hi John,
I'd like to create a chart showing th...Hi John,<br />I'd like to create a chart showing the cumulative subsidies that FT has been given since it was corporatised in 1995. I will go back through your reports that extend back to 2010. But I'm less certain about data before that. FT are generally good at hiding these things in their annual reports, at least for us non-accountants. Any ideas?<br />Gordon Bradbury.Gordonhttps://www.blogger.com/profile/13843374555127394413noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-65450481487563285012017-03-02T08:10:27.609+11:002017-03-02T08:10:27.609+11:00William you ponder where the loot comes from? It’s...William you ponder where the loot comes from? It’s quite simple. Tascorp, the government’s borrowing arm, always borrows heaps more than it on-lends to, mainly, government businesses. So at any time it is sitting on a pile of cash, a cash buffer. Tascorp needs to pay its way so it’s going to be wary of lending to outfits that can’t pay. Sometimes for smaller amounts the government will pay the interest on behalf of the business, say in the case of Tas Racing. But when it comes to larger amounts, say the amounts needed by Tas Rail and FT, Tascorp will lend to TasNetworks. The government will then arrange for a special dividend or an equity drawdown, call it whatever you like, from TasNetworks, with the funds then being used as an equity contribution into Tas Rail, FT or wherever. The funds are never repaid. TasNetworks are left with additional loans to service, which they are able to do because the Australian Energy Regulator when it fixes transmission and distribution charges every 5 years makes an allowance for borrowings up to about 65% of its regulated asset base (the assessed value of all transmission and distribution poles and wires etc). TasNetworks borrowings are now almost fully maxxed out. Plan B is for FT to sell its hardwood plantations at a huge discount to cost. Minister Barnett says he’s transitioning to a more sustainable future. Methinks he’s winding up the show.tasfintalkhttps://www.blogger.com/profile/04012719835733649162noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-19645709396608440042017-02-26T13:46:35.858+11:002017-02-26T13:46:35.858+11:00John I have just read the 2015/2016 Annual report,...John I have just read the 2015/2016 Annual report, after reading much of the content of this annual report I kept losing faith in the veracity of all its claims, then when I attempted to rationise the income and expense position again I was not able to give this report much credence as it is more of the as the usual sequence of prior Annual reports. Further that the reports provide little factual comfort as to the claimed plans for its future.<br />I fail to realize the how this mighty government sponsored GBE can attract the effusive priase heaped upon this GBE's threadbare shoulders is certainly not the bonanza as is claimed by the present forest minister, Guy Barnett.<br />In my opinion this GBE is still kept alive by dent of money that in reality is a money of others.<br /><br />I not aware how FT repaid their former letters of credit issued by the billionaire outfit known as Tas Networks, (one well may ask where the Tas Network loot is sourced from?<br /><br />Of late I believe the excuse to commence clear-fell logging vast realms of native forest was up until my inquiry to how this could at all times be. the magic number of the factored 5% plus of eucalyptus species does grow in here. <br /><br />(All done with aerial colour photographs from some lofty elevation and then flown back to FT HQ detection goons to detect some minute variance from the 100 shades of green which of course is supposed to enable indentification of the forest canopy below, possibly somey some algorothmic or or yet unknown level of science, however it will soon be rated at 05001% harvestable eucalyptus is a growin down here.<br />I have since determined this rate of above 5% eucalyptus species claimed as present in the which or whatever coup, be nothing more than coloured smoke and camera mirrors.williambtmhttps://www.blogger.com/profile/17652961229049813721noreply@blogger.comtag:blogger.com,1999:blog-4314112685994399920.post-49175283358834845612016-10-31T08:03:54.578+11:002016-10-31T08:03:54.578+11:00Absolutely spot on John. Keep up the good work.Absolutely spot on John. Keep up the good work.Gordonhttps://www.blogger.com/profile/13843374555127394413noreply@blogger.com