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2017 fin highlights

  1. 1. EKITI STATE OF NIGERIA FINANCIAL HIGHLIGHTS FOR MID - YEAR ENDED 30TH JUNE 2017. DESCRIPTION NOTE 2017 2016 % JAN - JUN. JAN - JUN. Variance CURRENT YEAR PRIOR YEAR N N REVENUE Statutory Allocation (FAAC) 1A 9,151,168,271.75 8,795,146,667.79 4.05 Other Statutory Receipts (FAAC) 1C 2,882,821,237.80 301,766,717.37 855.31 Excess Crude Oil Proceeds 1D - - Value Added Tax 1E 4,347,056,426.93 3,658,923,031.40 18.81 Independence Revenue (IGR) 2 5,812,017,375.69 2,998,322,387.94 93.84 Foreign Loan (Draw Down) 10 3,278,592,576.49 189,237,799.51 1632.53 Internal Loan: FGN Bond 17 -
  2. 2. Budget Support Fund 21 5,555,000,000.00 - Bank 20 - 10,600,000,000.00 -100.00 Bond 19 - - Sundry Receipts ( Wema Share & Reimbursement) 3 170,288,394.55 107,931.18 157674.98 Total Revenue (A) 31,196,944,283.21 26,543,504,535.19 17.53 EXPENDITURE Personnel Costs 4 6,963,339,548.37 4,182,613,460.97 66.48 Contribution to Pensions 5 - - Overhead Costs 6 905,647,177.48 585,051,296.01 54.80 Consolidated Revenue Fund Charges (Exp.of Gen. Nature) 7A 2,233,284,656.27 1,697,737,787.44 31.54 Public Debts Charges 7C 37,550,000.00 58,721,270.00 -36.05 Pensions and Gratuities 7B 1,693,578,776.56 756,919,812.45 123.75 Subvention / Grants to Parastatals & Tert. Inst. 8 6,633,046,781.49 2,908,350,772.10 128.07 Transfer to Other Fund (Recurrent) 9 2,069,347,641.11 1,546,888,360.75 33.77
  3. 3. Capital Expenditure 11 6,468,929,224.08 5,119,958,051.61 26.35 Repayment of Loans: Foreign 1B 604,133,377.95 176,764,358.49 241.77 Local: FGN Bond 17 112,229,048.61 65,355,560.47 71.72 Bail Out 18 98,862,313.70 75,660,651.95 30.67 Bond 19 2,997,928,848.06 2,997,928,846.67 0.00 Bank 20 102,757,483.88 512,717,229.28 -79.96 Total Expenditure (B) 30,920,634,877.56 20,684,667,458.19 49.49 Cash Balance Net Cash Bal (A-B) 276,309,405.65 5,858,837,077.00 Opening Balance (1st January) 13,578,026,761.94 6,918,930,420.27 Closing Balance (30th June) 13,854,336,167.59 12,777,767,497.27

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