Section 28Part 2 — Establishment, Capital and Administration of Authority
Half yearly report
←→ Navigate · Click subsection badges to collapse · Press ? for help
The Authority shall produce a half-yearly report not later than four weeks after the end of the first half of each financial year.
The half-yearly report shall report the performance of the Authority and shall compare it with that proposed in the ownership agreement for that financial year and shall include —
a summary of the nature and scope of the activities of the Authority during that financial half-year;
a summary of the extent to which the ownership performance targets set out in the Authority's annual ownership agreement for that financial year have been achieved in that financial half-year;
financial statements of the Authority for the financial half-year, which shall —
be prepared on a basis consistent with the forecast financial statements in the Authority's annual ownership agreement for that financial year; and
contain the statements and information set out in Schedule 5;
the amount of any equity investment made by the Government into the Authority during the financial half-year;
the amount of any capital withdrawals made by the Government from the Authority during the financial half-year;
the amount of any dividends or profit distributions paid by the Authority during the financial half-year;
the amount of any loans to the Authority by the Government during the financial half-year; and
details of any guarantees relating to the Authority made by the Government during the financial half-year.
The half-yearly report shall be presented to the Cabinet for review no later than four weeks after the end of the half-year.
The half-yearly report of the Authority shall be presented for review to the Legislative Assembly by the Minister or a member of Cabinet acting on his behalf at the same time as the next entire public sector quarterly report is presented; which must occur no later than eight weeks after the quarter has ended.
As soon as the half-yearly report is tabled it shall be a public document and the Authority shall provide a copy to any person requesting one on payment of a copying charge prescribed by regulations made by the Cabinet.
Defined Terms
half-yearly reportownership performance targetsfinancial statements