{ "format" : "linked-data-api", "version" : "0.2", "result" : {"_about" : "https://eldaddp.azurewebsites.net/answeredquestions.text?houseId=2&min-ddpModified=2016-02-05T11%3A02%3A17.677Z&creator.label=Biography+information+for+Lord+Mendelsohn", "definition" : "https://eldaddp.azurewebsites.net/meta/answeredquestions.text?houseId=2&min-ddpModified=2016-02-05T11%3A02%3A17.677Z&creator.label=Biography+information+for+Lord+Mendelsohn", "extendedMetadataVersion" : "https://eldaddp.azurewebsites.net/answeredquestions.text?houseId=2&min-ddpModified=2016-02-05T11%3A02%3A17.677Z&_metadata=all&creator.label=Biography+information+for+Lord+Mendelsohn", "first" : "https://eldaddp.azurewebsites.net/answeredquestions.text?_page=0&houseId=2&min-ddpModified=2016-02-05T11%3A02%3A17.677Z&creator.label=Biography+information+for+Lord+Mendelsohn", "hasPart" : "https://eldaddp.azurewebsites.net/answeredquestions.text?houseId=2&min-ddpModified=2016-02-05T11%3A02%3A17.677Z&creator.label=Biography+information+for+Lord+Mendelsohn", "isPartOf" : "https://eldaddp.azurewebsites.net/answeredquestions.text?houseId=2&min-ddpModified=2016-02-05T11%3A02%3A17.677Z&creator.label=Biography+information+for+Lord+Mendelsohn", "items" : [{"_about" : "http://data.parliament.uk/resources/1713291", "AnsweringBody" : [{"_value" : "Department for Science, Innovation and Technology"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1713291/answer", "answerText" : {"_value" : "
Eutelsat OneWeb is a UK-based subsidiary of Eutelsat Group. The Government has no plans to change its 10.89% shareholding in Eutelsat Group at this time.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4939", "label" : {"_value" : "Biography information for Viscount Camrose"} } , "answeringMemberPrinted" : {"_value" : "Viscount Camrose"} , "dateOfAnswer" : {"_value" : "2024-05-08", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-05-08T12:08:59.263Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "216"} , "answeringDeptShortName" : {"_value" : "Science, Innovation and Technology"} , "answeringDeptSortName" : {"_value" : "Science, Innovation and Technology"} , "date" : {"_value" : "2024-04-23", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Eutelsat OneWeb: Finance"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government what is their (1) current, and (2) expected future, equity stake in US satellite technology company Eutelsat OneWeb (formerly OneWeb).", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4286", "label" : {"_value" : "Biography information for Lord Mendelsohn"} } , "tablingMemberPrinted" : [{"_value" : "Lord Mendelsohn"} ], "uin" : "HL4032"} , {"_about" : "http://data.parliament.uk/resources/1713292", "AnsweringBody" : [{"_value" : "Department for Science, Innovation and Technology"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1713292/answer", "answerText" : {"_value" : "
As was the case under previous governments, any investment case informing Government's decision to invest in OneWeb, including financial projections, remains commercially sensitive. As a publicly traded company, Eutelsat Group regularly publishes its financial results, including market guidance on their outlook and financial objectives, and the latest were published on 16 February 2024.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4939", "label" : {"_value" : "Biography information for Viscount Camrose"} } , "answeringMemberPrinted" : {"_value" : "Viscount Camrose"} , "dateOfAnswer" : {"_value" : "2024-05-08", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "HL4034"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-05-08T12:07:55.703Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "216"} , "answeringDeptShortName" : {"_value" : "Science, Innovation and Technology"} , "answeringDeptSortName" : {"_value" : "Science, Innovation and Technology"} , "date" : {"_value" : "2024-04-23", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Eutelsat OneWeb: Finance"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government, according to their business plan justifying their investment in US satellite technology company OneWeb in 2020, what projection they made of the value of the company at the end of 2024.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4286", "label" : {"_value" : "Biography information for Lord Mendelsohn"} } , "tablingMemberPrinted" : [{"_value" : "Lord Mendelsohn"} ], "uin" : "HL4033"} , {"_about" : "http://data.parliament.uk/resources/1713293", "AnsweringBody" : [{"_value" : "Department for Science, Innovation and Technology"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1713293/answer", "answerText" : {"_value" : "
As was the case under previous governments, any investment case informing Government's decision to invest in OneWeb, including financial projections, remains commercially sensitive. As a publicly traded company, Eutelsat Group regularly publishes its financial results, including market guidance on their outlook and financial objectives, and the latest were published on 16 February 2024.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4939", "label" : {"_value" : "Biography information for Viscount Camrose"} } , "answeringMemberPrinted" : {"_value" : "Viscount Camrose"} , "dateOfAnswer" : {"_value" : "2024-05-08", "_datatype" : "dateTime"} , "groupedQuestionUIN" : {"_value" : "HL4033"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-05-08T12:07:55.75Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "216"} , "answeringDeptShortName" : {"_value" : "Science, Innovation and Technology"} , "answeringDeptSortName" : {"_value" : "Science, Innovation and Technology"} , "date" : {"_value" : "2024-04-23", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Eutelsat OneWeb: Finance"} , "houseId" : {"_value" : "2"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25277", "prefLabel" : {"_value" : "House of Lords"} } ], "questionText" : "To ask His Majesty's Government whether they will publish (1) their original investment case, including financial projections, for the purchase of a $500 million stake in US satellite technology company OneWeb in 2020; and (2) an updated business case and financial projections for their investment in the company.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/4286", "label" : {"_value" : "Biography information for Lord Mendelsohn"} } , "tablingMemberPrinted" : [{"_value" : "Lord Mendelsohn"} ], "uin" : "HL4034"} , {"_about" : "http://data.parliament.uk/resources/1713294", "AnsweringBody" : [{"_value" : "Department for Education"} ], "answer" : {"_about" : "http://data.parliament.uk/resources/1713294/answer", "answerText" : {"_value" : "
Student loans are valued in the department\u2019s annual accounts in line with the International Financial Reporting Standard 9 and set out in The Government Financial Reporting Manual which is attached.<\/p>
Under which where future cash flows are discounted to measure the fair value of a financial asset, this should be done using the higher of the rate intrinsic to the financial instrument or the HMT discount rate. HMT set the discount rate annually based on a 10 year rolling average of gilt yields. For student loans the intrinsic rate would be the discount rate that gave a Resource Accounting Budget (RAB) or stock charge of 0%, so the HMT discount rate is used provided the RAB charge is greater than 0%. Should the HMT discount rate result in a RAB charge calculation giving a negative value then the intrinsic rate is used instead, meaning that that RAB charge will take a value of 0%.<\/p>