Paper profits for political appearances
VicForests Annual Report for 2014 is now available here and they are claiming a profit of $3.4 million this year, but this claimed profit is a mirage, created for political reasons.
$2.6m seems to have been generated (on paper at least) by re-valuing "forestry assets", see Note 3c, p.42
Another $1.1m is gained in reduced Road access fees (payable to DEPI/DELWP). Given the volume of timber carted is almost identical to the previous year, it is not clear why this fee would be reduced. Possibly to help a loss making government entity look healthy and profitable.