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JT Group Limited - Annual accounts 2009

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A decision made 12 July 2010 regarding: JT Group Limited - Annual accounts 2009.

Decision Reference:  MD-TR-2010-0106

Decision Summary Title:

Presentation of JT Group Limited Utility Company accounts to the States

Date of Decision Summary:

9 July 2010

Decision Summary Author:

Strategic Investments Manager

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

JT Group Limited States of Jersey Owned Utility Company Financial  Reports and Accounts - 2009

Date of Written Report:

9 July 2010

Written Report Author:

Strategic Investments Manager

Written Report :

Public or Exempt?

Public

Subject:

JT Group Limited Utility company - presentation of annual accounts for the year ended 2009.

Decision(s):

The Minister for Treasury and Resources decided to present the annual accounts for 2009 for JT Group Limited to the States.

Reason(s) for decision:

To present the States owned company’s accounts to the States.

Resource Implications:

There are no further financial or manpower implications.

Action required:

The Greffier of the States is requested to present the attached company report and accounts to the States.

Signature: 
 

Position: Senator P. F.C. Ozouf, Minister for Treasury and Resources

Date Signed:

Date of Decision:

JT Group Limited - Annual accounts 2009

Treasury and Resources

Ministerial Decision Report  
 
 

JT GROUP LIMITED States of Jersey Owned Utility Company Financial Reports and Accounts - 2009

1. Purpose of Report

To present JT Group Limited Utility Company annual accounts to the States for the year ended 2009.

2. Background

The States is a major shareholder and in some cases the sole shareholder in each of the four States owned utility companies. The Minister decided to present the financial reports and accounts for the four companies to the States.  

In the States 2009 annual report and accounts, reference is made to the States interest in these four companies as “Strategic Investments”  They comprise of The Jersey New Waterworks Company Limited; The Jersey Electricity Company Limited, Jersey Post International Limited and JT Group Limited.

3. Current Situation and Proposal

In Ministerial Decision 2010-0082, the Minister decided to present to the States, three of the four available Utility Companies 2009 financial reports and accounts, namely The Jersey New Waterworks Company Limited; The Jersey Electricity Company Limited and Jersey Post International Limited. 

The JT Group Limited Annual General Meeting was held on 30th June 2010; as a result the Minister is now able to present this company’s financial reports and accounts to the States. 

4.      Recommendation

For the Minister to ask the Greffier of the States to present the attached JT Group Limited company report and accounts to the States.

5.      Reason for Decision

To present the JT Group Limited 2009 annual accounts to the States.

6.      Resource Implications

This decision has no resource implications. 

 

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