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WRITTEN QUESTION TO THE MINISTER FOR TREASURY AND RESOURCES BY DEPUTY A. BRECKON OF ST. SAVIOUR
ANSWER TO BE TABLED ON TUESDAY 6th JUNE 2006
Question
Would the Minister inform members how much the States have received from the Jersey Electricity Company Limited in dividends, including special dividends, in each of the years 2001 to 2005, and in the first four months of 2006?
Answer
Since the beginning of 2001 the States of Jersey has received over £9.9 million in dividends, this includes a special dividend paid in March of this year. The one off payment of the special dividend in 2006 reflects the distribution of £6.8m proceeds from the sale of an investment property in Broad Street during the last quarter of 2005.
The details of all dividends are shown below;
SOJ JEC Dividends Received 2001 to April 2006
Stock: JEC Ordinary Shares of £1.00 each
Holding Year Period Payable Net Tax Gross 950,000.00 2001 Interim 20/09/2001 266,000.00 66,500.00 332,500.00
Final 13/03/2002 304,000.00 76,000.00 380,000.00 712,500.00
950,000.00 2002 Interim 06/09/2002 281,200.00 70,300.00 351,500.00
Final 04/04/2003 345,800.00 86,450.00 432,250.00 783,750.00
950,000.00 2003 Interim 04/09/2003 311,600.00 77,900.00 389,500.00
Final 02/04/2004 380,000.00 95,000.00 475,000.00 864,500.00
950,000.00 2004 Interim 30/09/2004 342,000.00 85,500.00 427,500.00
Final 02/04/2005 532,000.00 133,000.00 665,000.00 1,092,500.00
950,000.00 2005 Interim 01/09/2005 380,000.00 95,000.00 475,000.00 Final 28/03/2006 589,000.00 147,250.00 736,250.00
1,211,250.00 950,000.00 2006 Special Dividend 28/03/2006 4,218,000.00 1,054,500.00 5,272,500.00 5,272,500.00
total 9,937,000.00