Latest News
• Add My News • Search Old News
Cost curbs count for water customersTighter controls curbed Westernport Water’s operational costs in 2007/08, even amid drought-beating capital works, according to the corporation’s newly released annual report. By Susan Webster - 24th November 2008 - Back to News Operational costs before depreciation were contained at 5%, well down on the 15% growth of the previous year.
Westernport Water overcame its worst drought on record … and still managed to make a modest profit.
The corporation fast-tracked works that lifted Candowie levels from 6% to now almost-full capacity.
However, to pay for the drought works, the corporation had to borrow $1.8m. "This is directly related to the supply augmentation capital works," the report noted, and added: "The year ahead will see greater focus of budget to actual reporting at all levels."
Pumping water from the high-flow Bass River and under-allocated Corinella bores contributed to a total capital works spend of $6.9m in 2007/08.
Remaining at Stage Two throughout the year had ‘a large effect’ on revenue, the corporation said, along with fuel and electricity price hikes.
"Even with these negative effects, we have managed a slight improvement over the (financial) performance of the prior year," it reported.
Total revenue for the 12 months was $13.5m and earnings before interest and tax of $1.4m, on assets totalling $118.8m.
The after-tax profit of $110,000 (net of capital revenue) was a 144% improvement over the prior year’s figure. "This was a pleasing result given water restrictions continue to adversely impact our revenue base," the report noted.
Source: http://gippsland.com/ Published by: susanw@ptarmigan.com.au
Related Articles- Gippsland Water customers invited to complete annual satisfaction survey for chance to win $100 bill credits and help improve services
Gippsland Water customers can complete the annual satisfaction survey from October 1 to 27, sharing feedback to improve services and entering a draw for $100 bill credits. - Gippsland Water urges customers to prepare alternative water supplies ahead of bushfire season and fire danger period
Gippsland Water urges customers to prepare alternative water supplies during the Fire Danger Period, recommending three litres of drinking water per person daily and monitoring service updates during emergencies. - Gippsland Water's people's panel brings 50 customers together to help shape future plans and pricing priorities for the region
Gippsland Water's People's Panel has brought together 50 randomly selected customers to help shape future plans and make recommendations influencing the corporation's 2028-33 Price Submission. - Gippsland families face rising cost pressures as Nationals criticise Labor government over interest rates, spending and inflation
The Nationals say rising interest rates are increasing pressure on Gippsland families, criticising Labor’s spending and inflation while outlining plans for budget discipline, tax cuts and productivity. - Gippsland Water offers face-to-face bill support through September pop-ups across Morwell, Sale, Traralgon and Drouin
Gippsland Water will host September pop-ups across the region, offering customers face-to-face help with bills, payment plans, concessions and government assistance amid cost-of-living pressures, with events in Morwell, Sale, Traralgon and Drouin. - East Gippsland simplifies footpath permit fees, reducing costs for businesses while supporting safe, vibrant, accessible town centres
East Gippsland Shire Council has introduced a simplified, tiered Goods on Footpath permit fee structure, reducing costs for many businesses while supporting vibrant town centres and maintaining safe, accessible public spaces. - Baw Baw Shire Council to consider cost of returning to weekly red-bin collections
Baw Baw Council will investigate the costs and implications of restoring weekly red-bin collections after a 6,139-signature petition highlighted strong community concern over the FOGO changes. - Gippsland Water storage levels remain strong despite below-average spring rainfall forecast, with no supply shortages expected across the region
Gippsland Water says strong storage levels will support customer demand through spring despite below-average rainfall forecasts, with no shortages expected. Customers are reminded to follow Victoria’s permanent water-saving rules. - Gippsland Water upgrades Buckley's Hill basin to boost industrial reliability and strengthen emergency water supply resilience
Gippsland Water has upgraded Morwell Buckley's Hill raw water basin, improving water reliability for industry, supporting the energy sector, and providing an emergency backup water source for residential customers during supply disruptions. - Gippsland Water plants 150 Swamp Everlasting daisies at Dutson Downs to protect critically endangered species from climate change
Gippsland Water has planted 150 Swamp Everlasting daisies at Dutson Downs with GLaWAC, establishing habitat to protect the threatened species from climate change and population decline. - Gippsland Water backs biochar research to transform biosolids into sustainable soil health and waste management solutions
Gippsland Water is supporting national research into converting wastewater biosolids into biochar, aiming to improve soil health, advance sustainable waste management, and assess contaminant destruction, including PFAS, through innovative recycling. - Gippsland Water reports progress on major projects, renewable energy and community engagement commitments
Gippsland Water’s 2026 Community Report highlights progress on major infrastructure projects, achieving 100 per cent renewable energy, emergency support initiatives and increased community engagement through its Sounding Board. - Reliable water access drives Busch Organics' sustainable farming success and secures its fourth-generation future in East Gippsland
Busch Organics relies on Mitchell River and groundwater to sustain organic vegetable production, while soil moisture technology, sustainable practices and family farming strengthen productivity and future generations. - Gippsland Water installs filter-to-waste system to better protect Maffra drinking water from contamination risks
Gippsland Water has installed a filter-to-waste system at Maffra treatment plant, improving drinking water protection, reducing supply disruptions, and strengthening resilience against pollution, storms, bushfires and other water quality events. - Gippsland Water invests $3.4M renewing ageing water and sewer infrastructure across regional communities
Gippsland Water invested $3.4 million renewing ageing water and sewer assets, replacing 3.9 kilometres of water mains and relining 6.2 kilometres of sewer mains across Gippsland. - Southern Rural Water manages Gippsland storages during rainfall, balancing flood risks, water supplies and community safety
Southern Rural Water managed Gippsland water storages during significant weekend rainfall, using controlled releases to create capacity, reduce flood risks and protect community safety and water supplies. - Traralgon Tyers interconnect begins, strengthening water supply reliability and resilience across four Gippsland towns for future regional growth
Gippsland Water has begun construction on a 4.5-kilometre pipeline linking four towns to Traralgon’s water network, improving reliability, resilience, efficiency and capacity for future regional growth. - East Gippsland communities transform emergency water tanks into vibrant murals celebrating resilience, recovery and local stories
East Gippsland communities have transformed emergency water tanks into vibrant murals celebrating resilience and recovery, with artworks completed at four locations and three more projects planned for Gipsy Point, South Buchan and Benambra. - New drinking fountains improve free water access across Sale's popular recreation facilities
Sale's major recreation facilities now offer improved free drinking water access, with new fountains at Aqua Energy, Port of Sale and Gippsland Regional Sports Complex, supporting hydration and reusable bottle use. - Latrobe City pushes for fair community benefits, transparent water pricing and long-term investment as Yallourn Mine rehabilitation progresses
Latrobe City Council has urged fair community reinvestment, transparent water pricing and long-term funding certainty as EnergyAustralia seeks water entitlement for Yallourn Mine rehabilitation. - Working together to secure East Gippsland's water future through integrated water management
East Gippsland CMA and regional partners are collaborating through Integrated Water Management to address climate, flooding, population growth, stormwater, recycled water and wetland protection challenges while planning sustainable projects. - The Nationals pledge weekly rubbish collection for Gippsland households to ease costs and improve waste services
The Nationals have pledged weekly general rubbish collections across Gippsland, promising to review landfill levies and waste charges to reduce costs and ease pressure on families. - Tourism industry warns visa delays threaten jobs and revenue ahead of Australia's critical Christmas holiday season this year
Australia's tourism sector warns visa delays, rising living costs and fuel prices could put $3 billion revenue and 20,000 jobs at risk this Christmas, urging government action.
|
|
