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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Presentation States of Jersey Owned Companies Financial Reports and Accounts to the States

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

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  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

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The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made on 18 July 2011:

Decision Reference:  MD-TR-2011-0091

Decision Summary Title:

Presentation States of Jersey Owned Companies Financial Reports and Accounts to the States

Date of Decision Summary:

14th July 2011

Decision Summary Author:

Deputy Treasurer of the States

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

States of Jersey Owned Companies – Presentation of 2010 Financial Reports and Accounts

Date of Written Report:

14th July 2011

Written Report Author:

Deputy Treasurer of the States

Written Report :

Public or Exempt?

Public

Subject:

Presentation of the annual reports and accounts for 2010.

Decision(s):

The Minister for Treasury and Resources decided to present the following 2010 annual reports and accounts to the States:

  • Jersey Telecom Group Limited
  • Jersey New Waterworks Company Limited
  • Jersey Post International Limited

Reason(s) for decision:  

To present the States owned companies 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 reports and accounts to the States.

Signature:

 

 

 

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

 

Date Signed:

 

Date of Decision:

Presentation States of Jersey Owned Companies Financial Reports and Accounts to the States

 - 1 -

Treasury and Resources

Ministerial Decision Report

 

 

States of Jersey Owned Companies – PRESENTATION OF 2010 Financial Reports and Accounts

 

1. Purpose of Report

 

To present States owned company annual reports and accounts to the States.  

 

2. Background

 

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

 

  • Jersey Telecom Group Limited (Appendix A)
  • Jersey New Waterworks Company Limited (Appendix B)
  • Jersey Post International Limited (Appendix C)

 

3. Company Report and Accounts

 

The companies have all held the relevant Annual General Meetings and their report and accounts are now available for presentation to the States.

 

  1. Recommendation

 

It is recommended that Minister request the Greffier of the States to present the attached reports and accounts to the States.

 

  1. Reason for Decision

 

To present the reports and accounts of the above companies to the States.

 

  1. Resource Implications

 

This decision has no resource implications.

 

 

Report author : Deputy Treasurer

Document date : 14th July 2011

Quality Assurance / Review : Head of Decision Support

File name and path: L:\Treasury\Sections\Corporate Finance\Ministerial Decisions\DSs, WRs and SDs\2011-00XX - Presentation of Utilities Reports and Accounts 2010 - JT\WR - Presentation of Utilities Reports and Accounts 2010 - JT.doc

MD sponsor : Treasurer of the States

 


APPENDICES

 

Appendix A - Jersey Telecom Group Limited

 

Appendix B - Jersey New Waterworks Company Limited

 

Appendix C - Jersey Post International Limited

 

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