It’s rare to find
oneself in agreement with Minister Bryan Green as occurred the other day when
referring to FT he said “the unprecedented challenges facing Forestry Tasmania
have been underlined by its financial result….. further substantial losses had been
predicted for Forestry Tasmania….. the reality is that in these circumstances
Forestry Tasmania is not financially sustainable in its current form…”
That’s a pretty unequivocal statement, little
room for doubt there, although a little understated as you’d expect from the
responsible Minister.
FT is completely and utterly insolvent and
only trading with assurances of Government support, without which Directors
would have been unable sign the solvency declaration that it could pay debts as
and when they fall due.
It’s been an awe inspiring gold medal winning
performance.
FT is fortunate euthanasia is yet to be
legalised.
The commentary accompanying FT Annual Report
didn’t exactly assist with understanding how FT works from a financial
perspective. Nor have any of the numerous combatative media releases over the
years assisted readers in any way to understand FT’s business.
Trying to make sense of what has happened
rather than accepting silence, inaction and apologia from Government and the
gobbledegook from FT is the first challenge.
Let’s start from the beginning.
