DELTA STATE GOVERNMENT
AUDITED BANK AND CASH BALANCES
FOR THE YEAR ENDED 31ST DECEMBER, 2018
S/N NAME OF BANK OPERATED DURING THE YEAR
ACCT NUMBER
AUDITED CASH BOOK
BALANCE AS AT 1ST
JANUARY, 2018
AUDITED CASH BOOK
BALANCE AS AT 31ST
DECEMBER, 2018
AUDITED BANK
STATEMENT BALANCE
AS AT 31ST DECEMBER,
2018
1 ACCESS BANK PLC
Sundry Accounts 447,414,027.46 446,643,639.21 446,680,841.32
2 CITI BANK INTERNATIONAL
Sundry Accounts 201,547,320.38 190,768,320.03 190,768,320.03
3
DELTA TRUST MORTGAGE FINANCE BANK PLC
Sundry Accounts 925,278.07 174,647,404.34 174,647,404.34
4 DIAMOND BANK PLC
Sundry Accounts 115,312,829.50 104,508,913.88 105,650,986.84
5 ECOBANK NIG. PLC
Sundry Accounts 184,308,724.51 212,522,619.19 172,501,395.09
6 FIRST BANK OF NIGERIA PLC
Sundry Accounts 613,232,648.86 824,647,026.80 1,061,713,702.78
7 FCMB FIRST CITY MONUMENT BANK PLC
Sundry Accounts (593,035,231.80) (258,757,156.39) 392,587,266.56
8
FIDELITY BANK PLC
Sundry Accounts 1,341,879,886.98 2,448,961,706.76 2,248,961,685.78
9 GUARANTY TRUST BANK PLC
Sundry Accounts 409,426,265.39 433,413,974.13 459,925,308.88
10 HERITAGE/ENTERPRISE
Sundry Accounts (208,104,242.06) 265,394,179.71 263,686,854.47
11 IC GLOBAL MFB
Sundry Accounts 28,947,047.27 32,182,482.27 32,182,482.27
12 KEYSTONE BANK PLC
Sundry Accounts 17,128,817.08 136,872,997.47 250,286,148.45
13 MAINSTREET BANK
Sundry Accounts 13,650,830.56 13,650,830.56 13,650,830.56
14 POLARIS BANK LTD
Sundry Accounts 83,938,732.38 503,920,433.50 256,778,275.63
15 SINKING FUND ACCT BALANCE
Sundry Accounts 4,729,337,000.00 - -
16 SKYE BANK PLC
Sundry Accounts 3,255,061,000.55 3,255,061,051.21 3,259,149,179.11
17 STANBIC IBTC BANK PLC
Sundry Accounts 43,716,936.29 59,362,675.23 59,362,675.23
18 STERLING BANK PLC
Sundry Accounts 3,677,666,122.21 (1,108,595,504.20) 7,795,220,727.81
19
UNITED BANK FOR AFRICA PLC
Sundry Accounts 442,663,629.94 4,374,801,018.64 741,326,203.96
20 UNION BANK OF NIGERIA PLC
Sundry Accounts 232,099,155.98 336,773,675.64 495,815,216.25
21 UNITY BANK PLC
Sundry Accounts (963,003,626.00) (896,919,508.39) (898,091,027.84)
22 WEMA BANK PLC
Sundry Accounts 234,745,968.01 577,426,114.72 653,793,070.67
23 ZENITH INT'L BANK PLC
Sundry Accounts 6,736,385,894.17 20,603,006,963.22 23,112,179,016.08
GRAND TOTAL 21,045,245,015.73 32,730,293,857.54 41,288,776,564.29
(a) Basis of Accounting:
The Accounts have been prepared under the Accrual Basis of accounting to accommodate the disclosure of outstanding long term obligations,
Investments, Receivable and Payables. This means that transactions are recorded when committments are incured or payments made or Income
realised/identified within the given period, whether or not the receipts and payments are in respect of goods supplied or services rendered during that
period.
(b) Investments: Investments held under Ministry of Finance Incorporated (MOFI) are stated at the lower of cost or Market value.
(c) Long Term Loans:
Long term Internal and External loans that were written off under the cash basis of accounting are restated in the Statement of Financial Position in line
with the standardised reporting requirements of Federal, States and Local Governments.
(d) Loans & Advances:
Loans & Advances represent Revolving Funds,Unretired Imprests and soft loans released to Deltans for special Government programmes that are stated in
the Statement of Financial Position for disclosure in line with the Accrual basis of accounting.
RESPONSIBILITY FOR THE FINANCIAL STATEMENTS
The following are extracts from the significant accounting policies adopted in the preparation of the financial statements:
REPORT OF THE ACCOUNTANT-GENERAL
I have the honour to submit the Annual final Accounts and Report of the Government of Delta State of Nigeria for the year ended 31st December, 2018
in compliance with Public Finance (Control and Management) Act, Cap 144 LFN 1990 and Financial Regulations of Delta State.
1. Purpose and Compliance With Accounting Standards
The Financial Statements have been prepared to give an overview of the financial position and cash resources of the Government of Delta State for the year
ended 31st December, 2018. The Financial Statements comply with generally accepted accounting practice and Statements of Accounting Standards in
force.
2. Accounting Policies
PS/Accountant-General
Asaba, Delta State
20th March,2019
AUDIT CERTIFICATION
The Accounts of the Government of Delta State of Nigeria for the year ended 31st December, 2018 have been examined in accordance with
Section 125 of the Constitution of the Federal Republic of Nigeria, 1999 and Section 5(1) of the Audit Law No. 10 of 1982, Laws of Bendel State of
Nigeria applicable to Delta State of Nigeria; and International Public Sector Accounting Stanadards (IPSAS).
RESPONSIBILITY FOR THE FINANCIAL STATEMENTS
The Financial Statements comply with generally accepted accounting practice. Responsibility for the integrity and objectivity of the Financial Statements
rests entirely with the Government. To fulfill accounting and reporting responsibilities the Accountant-General is responsible for establishing and
maintaining an adequate system of internal controls designed to provide reasonable assurance that the transactions recorded are within statutory authority
and properly record the use of all public financial resources by the Government. In my opinion, these Financial Statements fairly reflect the financial position
of Delta State Government as at 31st December, 2018 and its operation for the year ended on that date.
C. C. Agbele; MBA, FCA
P. Aghanenu; FCA,FCTI,MBA
Auditor-General (State)
Asaba, Delta State
27th May, 2019
The Accounts of the Government of Delta State of Nigeria for the year ended 31st December, 2018 have been examined in accordance with
Section 125 of the Constitution of the Federal Republic of Nigeria, 1999 and Section 5(1) of the Audit Law No. 10 of 1982, Laws of Bendel State of
Nigeria applicable to Delta State of Nigeria; and International Public Sector Accounting Stanadards (IPSAS).
I have obtained the information and explanations I required, and certify as a result of my audit, that in my opinion, the Statement of Financial
Position and the supporting accounts and statements show a true and fair view of the state of affairs at 31st December, 2018, and the transactions
for the fiscal year ended on that date.
DELTA STATE GOVERNMENT
AUDITED FINANCIAL STATEMENTS
TABLE OF CONTENTS
FOR THE YEAR ENDED 31ST DECEMBER, 2018
Accountant General Reports
Statement No 1 – Statement of financial Performance
Statement No 2 – Statement of Financial Position
Statement No 3 – Statement of Cashflow
Statement No 4 – Statement of Net Asset/Equity
Notes To The Financial Statements
1. Government Share of Federation Account-Statutory Revenue
2. Government Share of Federation Account -Value Added Tax
3. Independent Revenue-Tax Revenue
4. Independent Revenue- Non-Tax Revenue
5. Investment Income
6. Interest Income
7. Aids and Grant
8. Debt Forgiveness
9. Other Revenue
11. Personnel Costs
12. Social Benefit
13. Overheads
14. Grant and Contributions
Page 1 of 3
15. Subsidies
16. Depreciation Charge
17. Impairment
18. Amortization
19. Bad Debt Charges
20. Public Debt Charges
21. Transfer to other Government Entities
22. Gain/(loss) on Disposal of Asset
23. Gain/(loss) on Foreign Exchange
24. Share of Surplus/(Deficits) in Associates/Joint Ventures
25. Minority Interest Share of Surplus/(Deficit)
26. Cash and Cash Equivelents
27. Receivables
28. Prepayments
29. Inventories
30. Long term Loans
31. Investments
32. Property, Plant and Equipment
33. Investments Property
34. Other Assets
35. Deposits
36. Short Term Loans & Debts
37. Unremitted Deductions
38. Payable by Nature
39. Short Term Provisions
40. Current Portion of Borrowing
41. Public Fund (Including Revolving Fund)
42. LongTerm Provisions
43. LongTerm Borrowings
Page 2 of 3
44. Capital Grant
45. Reserves
46. Accumulated Surplus/(Deficits)
47. Minority Interest (If Any)
Page 3 of 3
S/N
CONTRACT AWARDING MDAs
SAP VENDOR
NO.
Name of Contractors/Vendors
1 Min. of Works 108577 A & J CONSTRUCTION COMPANY LIMITED
2 Min. Water Resources 114717 A.G.GOLDTRUST LIMITED
3 Min. Water Resources 114234 A.I.C. LIMITED
4 Min. Woman Aff. & Soc Dev 111780 A.J.M. PLUS VENTURES
5 Min.of Prim and Sec. Educ 107485 A.U.BISMACK AND ASSOCIATES
6 Min. Power & Energy 108831 Abree Nigeria Limited
7
Min. Housing 117162 ACCELERATED BUILDING TEC. LTD
8
Min.of Prim and Sec. Educ 117386 AC-JEKUS SUPPORT SERVICES
9
Min. of Works 114295 ACTION LOG'S DEUTSCHLAND NIG LTD
10 Min.of Prim and Sec. Educ 112050 ADA JOSEPH ENTERPRISES
11
Min. Water Resources 115365 ADABEGHAN NIGERIA ENTERPRISES
12 Min.of Prim and Sec. Educ 113176 ADHO-NAL AFFAIRS ENTERPRISES
13
Min.of Prim and Sec. Educ 116880 AFRO-ATLANTIC GLOBAL CORPORATE LTD
14 Gov. House & Protocol 113530 AIR CHYDON ENTEPRISES
15 Min.of Prim and Sec. Educ 115200 AKEWA GLOBAL SERVICES LIMITED
16
Min. of Works 116950 AKPOSOSO AND ASSOCIATES LIMITED
17 Min. Power & Energy 110250 ALL IN ONE VENTURES
18
Min. Youth & Sports 117063 ALL ROUND CONSULT & ENGR NIG LTD
19 Min. of Works 107311 Al-Rosi Consult
20 Min.of Prim and Sec. Educ 107316 Amonoschon Nig. Ltd
21
Min.of Prim and Sec. Educ 114650 ANI CORPORATE INTERNATIONAL LTD
22
Dir.of Science & Tech. 116615 ANIWURA INTERNATIONAL PROJECTS LTD
23 Min. Environment 113446 APLAMATUSE VENTURES
24
Min. Environment 111996 ARC(MARINE & CIVIL CONTRACTORS) LTD
25
Min. Water Resources 116840 ATLANTIC DRILLING FLUIDS SER. NIG L
26
Gov. House & Protocol 115735 AUTOMATT GLOBAL SERVICES NIG. LTD
27
Min. of Works 101693 B & N INT. LTD.
28 Min. of Works 106974 B AND N INTERNATIONAL LTD
29 Min. of Higher Education 115616 BASE CONSULT
30
Min. Finance - HQ 108840 Bazim Int Inv Ltd
31
Min.of Prim and Sec. Educ 102932 BEEVET LTD.
32 Min. Health 114636 BELLE BLUE LIMITED
33 Min. of Works 100523 BEN-AFA NIG. LTD.
Page 1 of 11 DTSG CONTRACTOR ABOVE 20 MILLION NAIRA
34
Min.of Prim and Sec. Educ 117346 BENROS GLOBAL ENT
35 Min. Health 104565 BENVOKE NIG. LTD.
36 Min. Health 115422 BERNALIM ENTERPRISES
37
Min. Power & Energy 108071 Betatex Ltd.
38
Min. Power & Energy 109672 BLESS OMO & SONS NIG. ENTERPRISES
39
Min. Power & Energy 116975 BLOGOV VENTURES
40 Gov. House & Protocol 115800 BLU BREED INTEGRATED ENTERPRISES
41 Min. Health 109990 BLUE PEARL GLOBAL LINK LIMITED
42
Min.of Prim and Sec. Educ 116425 BLUE SYMPHONY INVESTMENT LIMITED
43
Min. of Works 116270 BOBCAT CONSTRUCTION COMPANY LTD
44 Min. Environment 115040 BOSKEL NIGERIA LIMITED
45
Gov. House & Protocol 115605 BRHUMI ENTERPRISES
46
Min. Land,Surv & Urb. Dev 114200 BROADLINE CONST COMPANY LIMITED
47 Min. Health 114109 BROOKS FIELD TECHNOLOGIES LTD
48 Min. Woman Aff. & Soc Dev 109431 BROWNNY GOLD LIMITED
49
Min.of Prim and Sec. Educ 116870 BRYTEX PRECISION SERVICES
50
Min.Comm. & Ind. 115444 BSSL TECHNOLOGIES LIMITED
51
Min. of Works 115665 BUBE-DAN GLOBAL RESOURCES LTD
52 Min.of Prim and Sec. Educ 113761 BUDIK RESOURCES NIGERIA
53 Min.of Prim and Sec. Educ 109902 BUKINN MOORE VENTURES LIMITED
54 Min. of Works 105856 BULWARK LTD.
55 Min. of Higher Education 111027 BUNU SERVICES LIMITED
56
Min. Power & Energy 115770 C.O. DUDU ENTERPRISES
57 Min.of Prim and Sec. Educ 108593 Camarilo Ltd.
58 Min. of Works 109228 Capital Ideas Ltd
59
Min. Health 101721 CAPSINE NIG. LTD.
60 Min. Health 115790 CARDIAC SOUND LIMITED
61
Min.of Prim and Sec. Educ 109604 Carson Development Ltd
62 Min. of Works 113020 CCC CONSTRUCTION NIG. LIMITED
63
Min. of Works 116020 CCECC NIGERIA LIMITED
64
Min.of Prim and Sec. Educ 116435 CHARLESON IND. SUPPLIES LIMITED
65 Min. Power & Energy 101875 CHARLIBOT INT.LTD
66
Min. of Works 116420 CHIOINO GLOBAL VENTURES
67
Min.Comm. & Ind. 116421 CHU-EMMA GLOBAL SERVICES
68 Min. Water Resources 115406 CIMES NIGERIA LIMITED
69
Min. of Higher Education 117064 CK PERFECT LOGISTIC VENTURES
70 Min. Information 113150 COMFAX NIGERIA LIMITED
Page 2 of 11 DTSG CONTRACTOR ABOVE 20 MILLION NAIRA
71
Min. of Works 109234 COMPLETE OFFICE VENTURES
72 Min. Housing 112891 CONSERVATION ESTIMATES LIMITED
73
Min. Housing 107445 Contemporary Design Association
74
Min. Housing 116485 CORALTREE GLOBAL SERVICES
75 Min. Health 108010 Coutts Nigeria Limited
76 Min.of Prim and Sec. Educ 115690 CREATIVE FLAIR
77 Min. Youth & Sports 108864 Crisg Culson NIg. Ltd
78
Min. of Works 113732 CROMWELL TECHNOLOGIES LIMITED
79
Gov. House & Protocol 116835 DABCON CONSTRUCTION LIMITED
80
Min. Health 116922 DADA GLOBAL RESOURCES
81
Min. of Works 117175 D-ADUA ENGINEERING CONSULT
82
Min.of Prim and Sec. Educ 110442 Dajoc Investment Ltd
83
Min.of Prim and Sec. Educ 116650 DAMARI GLOBAL ENTERPRISES
84
Min. of Works 116655 DANIELS NIGERIA LIMITED
85
Min.of Prim and Sec. Educ 113845 DANIKE GLOBAL RESOURCES VENTURES
86
Min. of Works 114580 DAN-MIC ENTERPRISES
87
Min.of Prim and Sec. Educ 115680 DAN-TEE VENTURES
88 Gov. House & Protocol 115050 DAVID & DAVIDA SHALOM RESOURCES
89
Dir of Youth Development 103213 DAVORIS LTD.
90
Min.of Prim and Sec. Educ 116415 DE MUSTARD SEED SYSTEM SERVICES
91
Min. Power & Energy 114795 DEBI-EJI & SONS ENTERPRISES
92 Min. Environment 113415 DEINOMAS FLOAT NIGERIA LIMITED
93
Min.of Prim and Sec. Educ 116340 DELTA PRIDE &GOLD ENERGY INV.. LTD
94
Min.of Prim and Sec. Educ 116697 DERE INTEGRATED RESOURCES
95
Min. Health 108642 Desco Nig. Ent.
96
Min. Power & Energy 116895 DESMAD ENGINEERING LTD
97 Min. Power & Energy 115110 DEUZ NIGERIA LIMITED
98
Min. Health 107915 D-Glopa Nig Ltd
99
Min.of Prim and Sec. Educ 109391 Dick-Royal Ltd
100
DSCT Dev Agency 112105 DICKSINO NIGERIA ENTERPRISES
101
Min. Power & Energy 117385 DIRECT COMMUNICATIONS
102
Min. Housing 116730 DISEK INTEGRATED GLOBAL LTD
103
Min. of Works 113705 DISIMPRO LIMITED
104
Min. Information 117335 DIVINE DENI-BEL ENTERPRISES
105 Min.Comm. & Ind. 109315 Divine Ventures
106
Min. of Works 106422 Djempars Nig. Limited
107 Min. Environment 109447 Don Parker General Ent Ltd
Page 3 of 11 DTSG CONTRACTOR ABOVE 20 MILLION NAIRA
108
Min.of Prim and Sec. Educ 105405 DOUBI & AMAIS ENT.
109
Min. of Works 116595 DREAMWORKS ENG' AND CONST. LTD
110 Min. of Works 115015 EARTH METALS VENTURES
111
Min. Power & Energy 116865 EBONITE INTEGRATED SERVICES
112 Min. Housing 115350 ECOVENT NIGERIA LIMITED
113
Min. of Works 111077 EDEDEKU GLOBAL SERVICES LTD
114 Min. Environment 113049 EFEMAZ CONST. & GEN. SERVICE LTD
115 Min. Water Resources 115407 ELBUNS ENGINEERING CONSTRUCTION LTD
116
Min. Power & Energy 116267 ELLES-MERE CORPORATE SERVICES
117
Min. Power & Energy 117370 ELOFABIO VENTURES
118 Min. Housing 111825 EMAVWOSE CONSTRUCTION COMPANY
119 Min. of Works 101738 EMEVOY NIG. LTD.
120
Min.of Prim and Sec. Educ 116427 EMIMARVIS GLOBAL RESOURCES
121
Min. Health 116760 EMMYBLESS CONSTRUCTION LTD
122
Min.of Prim and Sec. Educ 117285 EMTINA IMPEX SERVICES
123 Min. Water Resources 105315 EMUTE ENT.
124 High Court Justice 109540 Encon Associates
125
Min. of Works 116815 ERHIAS BORIS VENTURES
126
Min. of Works 114788 ERIC KINGS VENTURES
127
Min. Health 110429 ESKOM ENTERPRISES LIMITED
128
Min. of Works 116750 ESO CONSTRUCTION NIG LTD
129
Min.of Prim and Sec. Educ 113247 ESTHEL GLOBAL SERVICES
130
Min. of Works 116370 FADA CONSTRUCTION LIMITED
131
Min.of Prim and Sec. Educ 117030 FARAZINO CORPORATE ENTERPRISES
132 Min. Health 110015 FASH GLOBAL VENTURES
133 Min. of Works 100556 FIRST NATIONWIDE LTD.
134 Min. Housing 115380 FIT CONSULT LIMITED
135
Min.of Prim and Sec. Educ 117082 FIVEFOX ENTERPRISES
136
Min. Housing 116120 FRANCHISE PARTICIPATION LIMITED
137
Gov. House & Protocol 113550 FREZI GLOBAL VENTURES
138
Min. of Works 113388 G.M.G GLOBAL CONST'N & DEV COY LTD
139 Min. Water Resources 108861 Getafix Nominees
140 Min. Health 115340 GILLY OROGUN ENTERPRISES
141
Gov. House & Protocol 107021 Giws Associates
142 Min. Power & Energy 102424 GLANTRE NIG. LTD.
143 Min. Housing 111326 GLO-DAVE NIGERIA ENTERPRISES
144 Min. of Works 112952 GODDUMS NIGERIA ENTERPRISES
Page 4 of 11 DTSG CONTRACTOR ABOVE 20 MILLION NAIRA
145 Min.of Prim and Sec. Educ 115005 GOLD & MILLAR SOLUTIONS LTD
146 Min. of Works 104357 GOMENE CONST. NIG. LTD.
147
Min. Health 107240 Gralex Company Nig.
148 Min.of Prim and Sec. Educ 112070 GRIPPA VENTURES
149 Min. of Works 109905 GROUND CONDITIONS LIMITED
150
Min. Water Resources 112116 GROVEL DYNAMIC SERVICES
151 Dir.of Science & Tech. 115795 HECKERBELLA LIMITED
152 Min.of Prim and Sec. Educ 100830 HEN KAY LTD.
153
Min. of Works 104715 HI-TECH CONST.LTD.
154 Min.of Prim and Sec. Educ 109991 HONE GLOBAL ENTERPRISES
155
Min. Housing 114385 HONERICH COMPANY LIMITED
156
Min. Housing 116695 HUG ENGINEERING SERVICES
157 Min. Housing 112881 HYDRAFORM ENGINEERING NIG LTD
158 High Court Justice 109537 Ideas Partnership
159 High Court Justice 109541 Idiemo Engineering Ltd
160
Min. Power & Energy 112966 IGBEGHABOR CONCEPTS
161
Min.of Prim and Sec. Educ 106369 Imafy-Donia consults Nig Ltd
162 Min. Power & Energy 102336 INCOME ELECTRIX. NIG. LTD.
163 Min. Power & Energy 109498 Innapo ventures
164 Min. Health 111941 INTERSTATE ARCHITECTS LIMITED
165 Min.of Prim and Sec. Educ 113711 IRICH NIGERIA SERVICES
166 Min. Of Transport 113413 ISAADU INTERNATIONAL COMPANY
167 Min.of Prim and Sec. Educ 110600 ISLEWORTH VENTURE
168 Min.of Prim and Sec. Educ 114931 IVRO GLOBAL SERVICES
169
Min. of Works 101406 J.O. EMENIM ENT. NIG.
170 High Court Justice 108727 J.P. Sigma
171 Min. of Works 111992 J.S.O. INTERNATIONAL LIMITED
172
Min. of Works 116075 JAJOVE SOLUTION SERVICES LIMITED
173
Min. Of Transport 100948 JAMOK GLOBAL CO.
174 Min. Youth & Sports 112038 JAOTA INTEGRATED RESOURCES
175
Min. of Works 115980 JBI TECH CONSULT LIMITED
176
Min.of Prim and Sec. Educ 117040 JEDMANS NIG ENT
177 Min. Environment 112682 JEFCON & ASSOCIATES LTD
178 Min. Of Transport 113836 JIMMY YOUMU NIGERIA LIMITED
179 Min. Health 110402 JNC INTERNATIONAL LIMITED
180
Min. of Works 116881 JO.I.VENTURES
181 Min.of Prim and Sec. Educ 104337 JOAMUSCO & SONS ENT. LTD.
Page 5 of 11 DTSG CONTRACTOR ABOVE 20 MILLION NAIRA
182 Min. Power & Energy 114895 JOCECO NIGERIA LIMITED
183
Min. Health 116851 JOE-DAN MARIO NIG ENTERPRISES
184
Min. Health 117252 JOE-MAMU VENTURES NIG. LTD
185 Min.of Prim and Sec. Educ 114877 JOHN-WALTERS ENTERPRISES
186
Min. of Works 108691 Jo-I Ventures
187
Min.of Prim and Sec. Educ 109024 Jomay Res. Venture
188
Min. of Works 110817 JONED GLOBAL RESOURCES LIMITED
189 Min. Water Resources 114232 JOS. HANSEN & SSOEHNE NIG. LTD
190
Min. of Works 115685 JOTI JOE TESSMARC ENTERPRISES
191
Min. Power & Energy 116290 JVB ENTERPRISES
192
Min. of Works 116945 K.F.T UDUBOH NIGERIA LIMITED
193
Min. Power & Energy 110274 Kainene Olisa Services
194 Min. of Works 106427 KCN Limited
195
Min. Health 103678 KCO ASS. NIG. CO. LTD
196
Min. of Works 109495 KENEFMA LTD
197
Min.of Prim and Sec. Educ 112301 KENLLY UGBEBOR VENTURES
198 Min.of Prim and Sec. Educ 114979 KENONE NIGERIA ENTERPRISES
199 Min. of Works 109657 KINGDOM ASSOCIATES INVESTMENTS LTD.
200
Gov. House & Protocol 116010 KINGSWORTH INTEGRATED SER. LTD
201 Gov. House & Protocol 111881 KLOVE INTEGRATED SERVICES LIMITED
202
Min. of Works 116430 KNIGHT BROOKS LTD
203
Min.of Prim and Sec. Educ 117075 KODET GLOBAL VENTURES
204 Min.of Prim and Sec. Educ 112221 KUPET NIGERIA LIMITED
205 Min. of Works 115870 LAKEFIELD ENERGY SERVICES LIMITED
206
DSCT Dev Agency 116275 LEBTECH CONSTRUCTION LIMITED
207 Min. of Works 111937 LEVANT CONSTRUCTION LIMITED
208 Min. Housing 115381 LOC CONSTRUCION LIMITED
209 Min.of Prim and Sec. Educ 110180 M.A.C. POINT INVESTMENT LIMITED
210
Min. Power & Energy 102467 M.O. ADUGBO & SONS ENT. NIG
211 Min. Power & Energy 113240 MAGIC-TOUCH CONSULTANTS
212 Min. Housing 115536 MAINSTAY CONSULTING LIMITED
213 Min. of Works 115430 MAINTENAN,INST,TECH & TRAINING LTD
214
Min.Comm. & Ind. 117235 MAKEAFRIK NIGERIA LIMITED
215 Min. Power & Energy 113380 MARAF NIGERIA LIMITED
216 Min. Health 110886 MARIJAY VENTURES LIMITED
217
Gov. House & Protocol 116000 MASTERCARS LIMITED
218
Min.of Prim and Sec. Educ 117240 MAYGOLD GLOBAL INVESTMENTS LIMITED
Page 6 of 11 DTSG CONTRACTOR ABOVE 20 MILLION NAIRA
219
Min.of Prim and Sec. Educ 117201 MAYOCOME NIGERIA LIMITED
220 Min. Housing 110101 MCDENNIS ENGINEERING SERVICES LTD
221
Min.of Prim and Sec. Educ 115830 MEBLEY & ASSOCIATES LTD
222
Min. of Works 116575 MEKARL ENGINEERING COMPANY LTD
223
Min.of Prim and Sec. Educ 117350 MESA VENTURES ENTERPRISES
224
Min. of Works 115195 METSAN SERVICES LIMITED
225 Min.of Prim and Sec. Educ 114715 MICHAEL & THERESA LTD
226 Min. Power & Energy 110356 MICO RESOURCES
227
Min. Environment 116105 MOMODIVA ENTERPRISES
228 Min. Power & Energy 115390 MOORE ADVICE LIMITED
229
Min.of Prim and Sec. Educ 104866 MOOVIG NIG. ENT.
230 Min. Woman Aff. & Soc Dev 114156 MOYEL DYNAMIC SERVICES
231 Min. of Works 109671 MUNJIRO LIMITED
232
Min. of Works 108226 Murp-Hendriks International
233
Min.of Prim and Sec. Educ 104880 MURSU INT. LTD.
234
Min. of Works 117015 MUTUAL COMMITMENT COMPANY LTD
235
Min. Power & Energy 110483 NAIDOLA ONE ENTERPRISE
236 Min.of Prim and Sec. Educ 115420 NAJOBOME VENTURES
237 Min. Water Resources 107010 Nako industrial Services Limited
238 Min. Water Resources 115408 NASTON ENGINEERING NIGERIA LTD
239
Min. Power & Energy 112425 NEONAC NUEL NIGERIA ENTERPRISES
240
Min.of Prim and Sec. Educ 117371 NESFORT VEE VENTURES
241 Min.of Prim and Sec. Educ 115106 NETAIMONI NIGERIA LIMITED
242
Min. of Works 105230 NIGER CONST. LTD.
243
Min. Finance - HQ 111392 NIGERIA ROAD CONSTRUCTION LTD
244
Min.of Prim and Sec. Educ 116065 NIRVANA VENTURES
245
Min. of Works 106139 NISCOT LTD.
246 Min.of Prim and Sec. Educ 106140 NO LIMITS INT. LTD.
247
Min. Housing 117160 NORTH CHINA CONSTRUCTION NIG. LTD
248
Min. Health 116755 OATVANA FARM NIGERIA LTD
249
Min. of Works 115373 OBAFUA NIGERIA LIMITED
250
Min. Land,Surv & Urb. Dev 116347 OBAKPOR J.U.CONSTRUCTION COMPANY
251 Min.of Prim and Sec. Educ 113416 OBATEX SYNERGY LIMITED
252 Min. Environment 115455 OBODE CONSULTANCY LIMITED
253 Min.of Prim and Sec. Educ 114975 OFFICE AND FIELD SERVICES LIMITED
254
Min. of Works 116145 OFILI AGILI AND PARTNERS LTD
255
Min.of Prim and Sec. Educ 114922 OGBEIN VENTURE
Page 7 of 11 DTSG CONTRACTOR ABOVE 20 MILLION NAIRA
256
Min. of Higher Education 100265 OJAREX NIG. LIMITED.
257 Min.of Prim and Sec. Educ 112815 OJONE GLOBAL & SONS ENTERPRISES
258
Min. Health 116920 OKOMOF INTERNATINAL
259 Min.of Prim and Sec. Educ 115856 OLOMU ROYAL COMPANY LIMITED
260
Min.of Prim and Sec. Educ 116335 OMITELOJOR VENTURE
261
Min.of Prim and Sec. Educ 116426 ONEJIRE AND SONS NIG LTD
262
Min. Power & Energy 113391 ONYE CONTRACTS & TRADING ENT.
263 Min. Of Transport 115120 OPTIMUM CONCEPTS
264
Customary Court Dept. 116375 ORISHE-BEST VENTURES
265
Min. Finance - HQ 103150 ORITSETSERUNDEDE NIGERIA ENT.
266 Min. of Works 103959 OROKEVWO INT. LTD.
267
Min.of Prim and Sec. Educ 116505 ORUESE INTERNATIONAL NIG. ENT
268 Min. Power & Energy 112496 OSUE-ONA NIGERIA ENTERPRISES
269 Min. Water Resources 115960 OYIS ENGINEERING SERVICES LIMITED
270 Min.of Prim and Sec. Educ 115170 OYOVWE NIGERIA SERVICES
271
High Court Justice 114553 OZOMOR NIGERIA COMPANY
272 Min.Comm. & Ind. 113066 PALMYRA CONSTRUCTION NIG LTD
273 Min. of Works 103166 PANAMA CONSTR. CO. LTD.
274 Min.of Prim and Sec. Educ 113497 PARKER OIL & GAS SERVICING COY LTD
275
High Court Justice 116631 PARTICIPATORY CONST. SERVICES LTD
276
Min. of Works 116171 PATDOH ENGINEERING NIG LTD
277 Min. Power & Energy 102099 PATGRA ENT.
278 Min. Power & Energy 109175 Pauwumi Nig. Ltd
279
Min.of Prim and Sec. Educ 116471 PECCOT NIGERIA LIMITED
280 Min. of Works 111937 PECULIAR CONSULT
281
Min. Housing 114440 PECULIAR ULTIMATE CONCERNS LTD
282
Min. Land,Surv & Urb. Dev 117050 PEG ULTIMATE RESOURCES LTD
283 Min. of Works 106424 Peggs Nig. Ltd
284 Min.of Prim and Sec. Educ 113491 PETAJON ENTERPRISES
285 Min.of Prim and Sec. Educ 114647 PETROSEARCH COMPANY LIMITED
286
Min. Housing 116310 PET-UZOR NIGERIA ENTERPRISES
287 Min.of Prim and Sec. Educ 114876 PHILLAS GLOBAL VENTURES
288 Min. Water Resources 114233 PIANIMPIANTI ENGR' & CONT'ING LTD
289
Min. of Works 115020 PLANET PROJECTS LIMITED
290
Min. of Works 109806 PORT PLUS LIMITED
291
Min. of Works 117256 POWERTRAC MACHINERY & INVESTM LTD
292 Min.of Prim and Sec. Educ 115160 PRECI AND BONN LIMITED
Page 8 of 11 DTSG CONTRACTOR ABOVE 20 MILLION NAIRA
293
Min. Finance - HQ 102574 PRIMI CONSTR. LTD.
294
Min.Comm. & Ind. 116321 PYDON NIGERIA LIMITED
295 Min. of Works 111935 PYTHON ENGINEERING COMPANY LIMITED
296 Min.of Prim and Sec. Educ 110468 quantum energy services limited
297 Min.of Prim and Sec. Educ 114871 QUEUE EDGE LIMITED
298
Min.of Prim and Sec. Educ 101826 R.E.A NIGERIA LIMITED
299
Min. Information 116436 RAWDS & STEEL ENTERPPRISES
300
Min. of Works 116475 RAYROYAL CONSTRUCTION COMPANY LTD
301 Min. Of Transport 115865 REAL POINT WEST AFRICA LIMITED
302 Min. Water Resources 115577 REALTOOLS ENGINEERING LIMITED
303
Min. of Works 113740 REGINALO R AND N NIGERIA LIMITED
304
Min.of Prim and Sec. Educ 114630 RICHLAND CONTINENTAL COMPANY
305 High Court Justice 115325 RICHMOND COMPANY
306
Min. of Works 113065 RITZ MOGUL LIMITED
307
Min. Health 110710 RIVAD LIMITED
308 Gov. House & Protocol 113775 RIZIM RESOURCES
309
Min. of Works 116095 ROADWELL CONTRACTING LIMITED
310 Min. Housing 115130 ROFAKO INTERNATIONAL LIMITED
311
Gov. House & Protocol 116045 ROJALIN NIGERIA LIMITED
312 Min. Environment 111460 ROTEC ENGINEERING LIMITED
313 High Court Justice 109538 RumeBima Konsult
314
Min. Power & Energy 113156 RUNA ZANAX ENTERPRISES
315
Min.of Prim and Sec. Educ 115316 RUNOLA NIGERIA LIMITED
316
Min. of Works 102606 S.O OLOTU & SONS NIG. LTD.
317
Min. Youth & Sports 112746 SABET ENTERPRISES (NIGERIA)
318 Min. of Works 109803 Salkem Resources Ltd
319 High Court Justice 104935 SAMOUND NIG. CO.
320 Min.of Prim and Sec. Educ 104939 SANTS INVEST. NIG. LTD.
321 Min. Health 111600 SAR DHANI RICHIE NIGERIA LIMITED
322
Min.of Prim and Sec. Educ 114920 SAVANNAH CONTRACTORS NIG LTD
323 Min. of Works 106957 Setraco Nigeria Limited
324
Min. Land,Surv & Urb. Dev 108206 Sharp Global Ventures
325
Min. of Works 101594 SHARPSTONE CO. LTD.
326
Min. Power & Energy 109387 Sharpton Enterprises
327 Customary Court Dept. 113251 SHAVAHAMME NIGERIA LIMITED
328
Bureau of Special Duties 112265 SHUGABA INTERNATIONAL NIG LTD
329 Min. of Works 107042 Smed Venture Ltd
Page 9 of 11 DTSG CONTRACTOR ABOVE 20 MILLION NAIRA
330
Min. Health 117330 SMITH TECHNICAL IND.SERVICES
331 Min. of Higher Education 102840 SPATIAL DESIGN CONSULTS LTD.
332
Min. of Higher Education 111645 SPEC SYSTEM LIMITED
333 Min.of Prim and Sec. Educ 111817 ST. JULIUS & ONOS VENTURES
334 Min. Health 100204 STABILINI VISINONI LTD.
335
Min.of Prim and Sec. Educ 116140 STANDARD CORBEL STRUCTURES LTD
336
Min.of Prim and Sec. Educ 115640 STANYUS INVEST. COY NIG LTD
337 Min. Health 107775 Starch & Adhesive Company Limited
338
Min. Power & Energy 116053 STIINOS LIMITED
339 Min. Health 109500 Stowey Venture
340
Min.of Prim and Sec. Educ 117095 STRONGDARCH LTD
341
Min. Environment 115841 SUIMING ELECTRICALS LIMITED
342 Min.of Prim and Sec. Educ 105741 SUNRISE GLOBAL INT. VENT.
343
Min. Health 114766 SURRICY VENTURES NIGERIA
344 Min. of Works 115500 SWEET SEDAH GLOBAL SERVICES
345
Min. of Works 117041 TAEWOO LIGHTING POWER LIMITED
346 Min. Of Transport TAN-VEBO NIG. LTD.
347 Min.of Prim and Sec. Educ 112960 TATONA SYNERGY NIGERIA LIMITED
348
Min.of Prim and Sec. Educ 117340 TCO LOGISTICS LIMITED
349
Min. Power & Energy 115985 TEGA AND PETERS NIGERIA LIMITED
350 Min.of Prim and Sec. Educ 112840 TEMIKO GLOBAL RESOURCES
351
Min. of Works 115615 TEMIMARO NIG LIMITED
352
Min. Environment 116205 TESSYBAB NIG ENT
353 Min.of Prim and Sec. Educ 113179 THIXO AFFAIRS ENTERPRISES
354
Min.of Prim and Sec. Educ 115451 TIJO CONCEPT SERVICES LTD
355 Min. Power & Energy 113225 TONAVICO VENTURES
356
Min. of Works 116971 TONCO CONST & MARINE SER.LTD
357
Min. of Works 116885 TONI-KESS CONSTRUCTION SERVICES
358 Min. Information 114606 TONNIE IREDIA & ASSOCIATES
359 Min. Of Transport 112925 TOPSONI NIGERIA LIMITED
360 Min. of Works 110103 TRATRIX ENGINEERING LIMITED
361
Min. of Works 116630 TRIPLE CHAIR VENTURES LTD
362
Min.of Prim and Sec. Educ 111871 TRISAC LIMITED
363
Min.of Prim and Sec. Educ 112039 TUNJILA CORPORATE SERVICES
364 Min. Power & Energy 105006 TWENTY-FIRST (21ST) CONSULTING.LTD
365
Min.of Prim and Sec. Educ 117375 U.K OVESUOR AND PARTNER
366
Min.Comm. & Ind. 117141 UBRETE RESOURCES
Page 10 of 11 DTSG CONTRACTOR ABOVE 20 MILLION NAIRA
367 Min. of Works 114851 ULITOBS INTERNATIONAL LIMITED
368
Min. of Works 105657 ULO CONSULT. LTD.
369
Min.of Prim and Sec. Educ 117170 UPSTREAM WELL COMPLETION SER. LTD
370
Min.of Prim and Sec. Educ 106492 Utimits & Mira Associates
371 Min.Comm. & Ind. 114640 VAIL WOODWARD ASSOCIATES LTD
372
Min.of Prim and Sec. Educ 117070 VE-MAN GLOBAL ENTERPRISES
373 Min. Housing 111847 VICOMECH INTEGRATED RES' NIG LTD
374 Min. Of Transport 114261 VICTONJO INTERNATIONAL NIG LTD
375 Min. of Works 108201 Vikniro Ventures Nigeria
376 Min. Health 113360 VISION AIR PRODUCTS LIMITED
377
Min. Power & Energy 117115 VITOJE NIGERIA ENTERPRISES
378
Min. of Works 116560 VIV LIMITED
379 Min. Power & Energy 113241 VOLTECH LIMITED
380 Min.of Prim and Sec. Educ 108768 Vovi International Company
381
Min.of Prim and Sec. Educ 115910 WARRI HASS NIGERIA COMPANY
382
Min. of Works 116541 WASIT CONSTRUCTION COMPANY LTD
383 Min. of Works 115435 WAVE AFFAIRS LIMITED
384 Min. Youth & Sports 111068 Wayne Integrated Resources
385
Min. of Works 106416 Webster Global Ventures
386
Min.of Prim and Sec. Educ 102823 WEST-WOOD VENT.
387
High Court Justice 116795 WILAGBO NIG ENT
388 Min.of Prim and Sec. Educ 115855 WINBACK LIMITED
389
Min.of Prim and Sec. Educ 107230 WINCHRIS TRUST ENTERPRISES
390 Min.of Prim and Sec. Educ 115575 WINNERS FINANCE & INVEST' COY LTD
391
Gov. House & Protocol 110120 WISE AUTOS ENTERPRISES
392 Min.of Prim and Sec. Educ 111720 WIZDEE AND COMPANY ENTERPRISES NIG
393 Min. of Works 106925 Woksons International Ltd
394
Min.of Prim and Sec. Educ 110532 woodland nigeria limited
395
Min. of Works 116255 WRIGHT PROJECTS NIGERIA LIMITED
396 Min. Water Resources 105784 YOMA CONCERNS LTD.
397
Min. of Works 116956 ZENITH CONSTRUCTION LIMITED
398
Min. of Works 116970 ZINOLINK LIMITED
Page 11 of 11 DTSG CONTRACTOR ABOVE 20 MILLION NAIRA
www.Deltastate.gov.ng
32,730,293,857.54
16,172,918,368.62
19,560,385,352.33
700,914,607.59
-
-
-
21,045,245,015.73
15,869,266,213.62
13,177,112,874.33
1,754,266,056.50
21,196,000.00
47,024,033.66
-
C A S H & B A N K
B A L A N C E S
M O F I IN V E S T M E N T S L O A N S &
A D V A N C E S
R E C E I V A B L E S P R E P A Y M E N T I N V E N T O R I E S S P E C I A L PR O J E C T S
A C C O U N T
DELTA STATE CURRENT ASSET
2018 2017
www.deltastate.gov.ng
NGN -
NGN 10.00
NGN 20.00
NGN 30.00
NGN 40.00
NGN 50.00
NGN 60.00
NGN 70.00
NGN 80.00
71.29
79.64
18.25
12.33
20.42
35.10
64.62
68.40
39.89
29.48
14.10
15.73
17.29
46.47
BILLIONS
DELTA STATE GOVERNMENT
RECURRENT EXPENDITURE
2018 2017
www.deltastate.gov.ng
IGR(INTERNALLY GEN.
REVENUE
STATUTORY
ALLOCATION
MINERAL REVENUE VAT PARIS REFUND OTHER RECURRENT
RECEIPTS
54,104,235,831.88
43,174,289,641.64
191,532,710,779.66
13,060,073,803.71
47,244,796,200.14
7,094,860,034.34
55,036,553,289.01
57,485,328,703.78
74,603,273,366.79
11,321,599,918.25
36,572,882,220.47
9,170,672,929.75
DELTA STATE GOVERNMENT
REVENUE PROFILE
2018 2017
DELTA STATE GOVERNEMENT
CASHFLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER, 2018
Description NOTES 2017
₦ ₦ ₦
CASH FLOWS FROM OPERATING ACTIVITIES
RECEIPTS
STATUTORY ALLOCATION 1
226,258,373,529.49 132,088,602,070.57
VALUE ADDED TAX ALLOCATION 2
13,060,073,803.71 11,321,599,918.25
TAX REVENUE 3
49,317,411,164.12 49,596,432,847.93
NON TAX REVENUE 4
4,734,091,486.13 2,314,965,883.23
INTEREST EARNED 6
76,007,978.02 1,176,267,386.59
AIDS AND GRANTS 7
2,769,067,449.94 4,932,062,084.74
OTHER REVENUES 9
51,570,588,784.54 39,057,227,009.96
TOTAL RECEIPTS (A)
347,785,614,195.95 240,487,157,201.27
PAYMENTS
SALARIES AND WAGES 11 (71,289,737,051.51)
(68,401,392,020.01)
SOCIAL BENEFITS 12 (18,247,410,297.17)
(14,559,202,419.49)
OVERHEAD COSTS 13 (61,787,919,790.24)
(35,663,422,540.07)
GRANTS AND CONTRIBUTIONS 14 (20,418,278,378.29)
(15,687,601,721.89)
PUBLIC DEBT CHARGES 20 (12,325,831,134.71)
(14,103,962,254.87)
TRANSFER TO OTHER GOVERNMENT ENTITIES 21 (35,103,579,878.77)
(17,285,000,000.00)
TOTAL EXPENDITURE (B) (219,172,756,530.69) (165,700,580,956.33)
NET CASHFLOW FROM OPERATING ACTIVITIES 128,612,857,665.26 74,786,576,244.94
CASH FLOW FROM INVESTING ACTIVITIES
Proceeds from Sale of PPE
Proceeds from Sales of Investment Property
Proceeds from Sale of Intangible Assets
Proceeds from Sale of Investment
Dividends Received 5 608,402,533.76
1,948,887,171.26
Prepayment 28 (12,804,389,172.82)
Purchase/ Construction of PPE 32 (95,556,463,662.71)
(44,366,960,310.61)
LOAN TO FARMERS/STAFF (120,000,000.00)
-
Purchase of Intangible Assets 32
578,248,871.49-
Acquisition of Investments 31 (303,652,155.00)
326,130,534.18-
2018
AUDITED
Net Cash Flow from Investing Activites (C) (108,176,102,456.77) (43,322,452,545.02)
CASH FLOW FROM FINANCING ACTIVITIES
PROCEEDS FROM EXTERNAL LOANS 43 1,161,569,940.77
3,085,558,321.19
PROCEEDS FROM INTERNAL LOANS 43 2,550,000,000.00
12,086,542,782.81
PROCEEDS FROM LOANS FROM OTHER FUNDS
-
REPAYMENTS OF EXTERNAL LOANS 43 (162,450,497.38)
(143,374,570.03)
REPAYMENTS OF INTERNAL LOANS 43 (12,300,825,810.07)
(15,889,747,532.76)
REPAYMENTS OF LOANS FROM OTHER FUNDS
-
NET CASHFLOW FROM FINANCING ACTIVITIES (D ) (8,751,706,366.68) (861,020,998.79)
NET CASHFLOW FROM ALL ACTIVITIES 11,685,048,841.81 30,603,102,701.13
CASH AND ITS EQUIVALENT AS AT 1/1/2018 21,045,245,015.73 (9,557,857,685.40)
CASH AND ITS EQUIVALENT AS AT 31/12/2018 32,730,293,857.54 21,045,245,015.73
DELTA STATE GOVERNMENT
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER, 2018
NOTE
Details Ref. Note Remarks
₦ ₦
Government Share of FAAC (Statutory Revenue)
This represents allocation made to the three tiers of
Government from the Federation Account in line with the
provisions of the Constitution of the Federal Republic of
Nigeria
Net Share of Statutory Allocation from FAAC
1a
19,000,213,931.48
Add :Deduction at source for Loan Repayment
1b
24,174,075,710.16
Add:Share of Allocation from Excess Crude Oil
1c
183,084,083,887.85
Prior Year Adjustments
8,448,626,891.81
Total(GROSS) FAAC Allocation to State Government
234,707,000,421.30
BREAKDOWN OF GOVERNMENT SHARE OF FAAC (STATUTORY REVENUE)
1a 1b 1c 1d
MONTH
NET RECEIPT DEDUCTION AT SOURCE
ALLOCATION TO OTHER
AGENCIES
SHARE OF EXCESS
CRUDE
TOTAL
₦ ₦ ₦ ₦ ₦
JANUARY
1,117,520,627.88
2,298,405,006.66
- 14,327,018,036.78
17,742,943,671.32
FEBRUARY
1,084,939,247.31
2,301,722,325.65
- 13,859,304,956.36
17,245,966,529.32
MARCH
1,196,543,019.61
2,301,697,600.24
- 15,005,014,752.18
18,503,255,372.03
APRIL
718,623,939.56
2,301,697,600.24
- 15,382,256,283.06
18,402,577,822.86
MAY
1,450,947,858.45
2,301,697,600.24
- 15,108,753,135.26
18,861,398,593.95
JUNE
1,348,488,483.58
2,301,697,600.24
- 15,009,150,370.42
18,659,336,454.24
JULY
1,496,710,717.79
2,301,697,600.24
- 12,701,999,136.95
16,500,407,454.98
AUGUST
1,392,068,459.45
2,272,436,660.65
- 14,198,968,320.37
17,863,473,440.47
SEPTEMBER
1,460,853,906.94
2,272,436,660.65
15,072,474,822.99
18,805,765,390.58
OCTOBER
2,403,077,005.01
1,173,529,018.45
17,677,846,740.61
21,254,452,764.07
NOVEMBER
2,688,874,960.26
1,173,529,018.45
- 17,136,846,803.34
20,999,250,782.05
DECEMBER
2,641,565,705.64
1,173,529,018.45
- 17,604,450,529.53
21,419,545,253.62
Prior year adjustment
8,448,626,891.81
TOTAL
19,000,213,931.48 24,174,075,710.16 - 183,084,083,887.85 234,707,000,421.30
1
2018
1B
Deductions at Source
This constitutes deductions made from FAAC allocation in respect of guaranteed obligations
MONTH
PRINCIPAL INTEREST FERTILIZER OTHERS TOTAL
₦ ₦ ₦ ₦ ₦
JANUARY
2,298,405,006.66
- -
2,298,405,006.66
FEBRUARY
2,301,722,325.65
- -
2,301,722,325.65
MARCH
2,301,697,600.24
- -
2,301,697,600.24
APRIL
2,301,697,600.24
- -
2,301,697,600.24
MAY
2,301,697,600.24
- -
2,301,697,600.24
JUNE
2,301,697,600.24
- -
2,301,697,600.24
JULY
2,301,697,600.24
- -
2,301,697,600.24
AUGUST
2,272,436,660.65
- -
2,272,436,660.65
SEPTEMBER
2,272,436,660.65
- -
2,272,436,660.65
OCTOBER
1,173,529,018.45
- -
1,173,529,018.45
NOVEMBER
1,173,529,018.45
- -
1,173,529,018.45
DECEMBER
1,173,529,018.45
- -
1,173,529,018.45
ADJUSTMENT
-
TOTAL
24,174,075,710.16 - - - 24,174,075,710.16
LOAN REPAYMENT
2017
DELTA STATE GOVERNMENT
CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31ST DECEMBER, 2018
Notes 2018 2017
ASSETS
Current Assets:
Cash and Cash Equivalents 26 32,730,293,857.54 21,045,245,015.73
Receivables 27 700,914,607.59 1,754,266,056.50
Prepayments 28 - 21,196,000.00
Inventories 29 - 47,024,033.66
Total Current Assets A 33,431,208,465.13 22,867,731,105.89
Non-Current Assets:
Loans and Advances 30 19,560,385,352.33 13,177,112,874.33
Investments 31 16,172,918,368.62 15,869,266,213.62
Property, Plant & Equipment 32 243,983,602,376.87 117,146,199,595.57
Investment Property 33 - -
Intangible Assets 34 100,230,652,465.31 114,166,774,568.10
Total Non-Current Assets B 379,947,558,563.13 260,359,353,251.62
Total Assets C = A + B 413,378,767,028.26 283,227,084,357.51
LIABILITIES
Current Liabilities
Deposits 35 - -
Short Term Loans & Debts 36 -
Unremitted Deductions 37 3,016,473,248.28 43,140,471.23
Payables 38 123,452,744,335.22 46,228,215,499.98
Short Term Provisions 39
AUDITED ACCOUNTS
Notes 2018 2017
Current Portion of Borrowings 40
Total Current Liabilities D 126,469,217,583.50 46,271,355,971.21
Non-Current Liabilities:
Public Funds 41 81,280,336.89 92,682,544.35
Long Term Provisions 42
Long Term Borrowings 43 121,836,177,322.49 127,731,423,528.85 5,895,246,206.36
Total Non-Current Liabilities E 121,917,457,659.38 127,824,106,073.20
Total Liabilities: F = D + E 248,386,675,242.88 174,095,462,044.41
Net Assets: G = C - F 164,992,091,785.38 109,131,622,313.10
NET ASSETS/EQUITY:
Capital Grant 44
Reserves 45 97,597,011,545.68 96,304,395,204.24
Accumulated Surpluses/(Deficits) 46 67,395,080,239.69 12,827,227,108.86
Minority Interest 47
Total Net Assets/Equity: H=G 164,992,091,785.37 109,131,622,313.10 0.00-
.......................................................
Authorised Signatory 0.00
The accompanying notes forms an integral part of the General Purpose Financial Statement (GPFS)
GOVERNMENT OF DELTA STATE
NOTES TO THE FINANCIAL STATEMENTS
FIVE YEAR FINANCIAL SUMMARY
YEAR 2018 2017 2016 2015 2014
STATEMENT OF FINANCIAL POSITIONS:
ASSETS
CURRENT ASSETS: N N N N N
CASH & BANK BALANCES 32,730,293,857.54 21,045,245,015.73 9,557,857,685.40- 25,579,293,913.33 9,007,912,050.14
MOFI INVESTMENTS 16,172,918,368.62 15,869,266,213.62 15,543,135,679.44 15,543,135,679.44 15,543,135,679.44
LOANS & ADVANCES 19,560,385,352.33 13,177,112,874.33 11,852,154,274.14 11,852,154,274.14 8,665,595,994.58
RECEIVABLES 700,914,607.59 1,754,266,056.50 - - -
PREPAYMENT - 21,196,000.00 - - -
INVENTORIES - 47,024,033.66 - - -
SPECIAL PROJECTS ACCOUNT - - 128,102,896,670.89 138,377,842,441.89 87,403,002,775.73
TOTAL LIQUID ASSETS 69,164,512,186.08 51,914,110,193.84 145,940,328,939.07 191,352,426,308.80 120,619,646,499.89
NON-CURRENT ASSETS:
TANGIBLE 243,983,602,376.87 117,146,199,595.57
INTANGIBLE (SPECIAL PROJ ACCT) 100,230,652,465.31 114,166,774,568.10 - - -
TOTAL NON-CURRENT ASSETS: 344,214,254,842.18 231,312,974,163.67 - - -
TOTAL ASSETS 413,378,767,028.26 283,227,084,357.51 145,940,328,939.07 191,352,426,308.80 120,619,646,499.89
LIABILITIES:
CURRENT LIABILITIES:
UNREMITTED DEDUCTION @ SOURCE
(WHT,VAT & STAMP DUTIES)
3,016,473,248.28 43,140,471.23 - - -
PAYABLES 123,452,744,335.22 46,228,215,499.98 - - -
126,469,217,583.50 46,271,355,971.21 - - -
TOTAL NET ASSET 286,909,549,444.76 236,955,728,386.30 145,940,328,939.07 191,352,426,308.80 120,619,646,499.89
CAPITAL DEVELOPMENT FUND AS AT
31ST DECEMBER,
- - 1,113,436,099.47
36,235,511,026.70 16,804,676,866.48
RESERVES AS 31ST DECEMBER, 97,597,011,545.68 96,304,395,204.24
ACCRUAL BASIS
CASH BASIS
GOVERNMENT OF DELTA STATE
NOTES TO THE FINANCIAL STATEMENTS
FIVE YEAR FINANCIAL SUMMARY
YEAR 2018 2017 2016 2015 2014
ACCRUAL BASIS
CASH BASIS
INTERNAL LOANS 103,027,653,099.70 109,922,018,749.45 120,586,778,305.38 128,679,736,949.39 86,331,286,805.51
EXTERNAL LOANS 18,808,524,222.79 17,809,404,779.40 11,546,130,193.68 9,698,105,492.50 1,071,715,970.22
OTHER FUNDS 81,280,336.89 92,682,544.35 16,739,072,840.21 16,739,072,840.21 16,411,966,858.42
TOTAL PUBLIC FUNDS & LONG TERM
LOANS
219,514,469,205.06 224,128,501,277.44 149,985,417,438.74 191,352,426,308.80 120,619,646,500.63
NET ASSETS AND EQUITY:
RESERVES 97,597,011,545.68 96,304,395,204.24 - - -
ACCUMULATED PROFIT/(LOSS) FOR YEAR 67,395,080,239.69 12,827,227,108.86 - - -
TOTAL 164,992,091,785.37 109,131,622,313.10 - - -
384,506,560,990.43 333,260,123,590.54 149,985,417,438.74 191,352,426,308.80 120,619,646,500.63
STATEMENT OF PERFORMANCE/CONSOLIDATED REVENUE FUND
OPENING BALANCE 1ST JANUARY - - -
16,558,372,867.39 21,994,097,404.36
INTERNAL REVENUE 54,104,235,831.88 55,036,553,289.01 45,323,619,089.74 53,303,244,398.69 43,168,077,240.15
STATUTORY ALLOCATION 234,707,000,421.30 132,088,602,070.57 89,117,061,862.62 121,834,684,073.00 197,195,189,375.75
VAT 13,060,073,803.71 11,321,599,918.25 9,589,999,324.15 - -
OTHER RECURRENT RECEIPTS 54,339,656,234.48 45,743,555,150.22 14,500,000,000.00
TOTAL RECURRENT REVENUE 356,210,966,291.37 244,190,310,428.05 158,530,680,276.51 191,696,301,339.08 262,357,364,020.26
PERSONNEL COST 71,289,737,051.51 68,401,392,020.01 67,435,016,139.57 67,864,861,224.00 67,752,697,845.47
OVERHEAD COST 79,637,342,832.55 39,892,356,996.49 42,552,871,811.45 63,521,580,496.63 63,548,481,476.65
SOCIAL BENEFIT (PENSIONS AND GRATUITIES)
18,247,410,297.17 29,481,945,678.43 8,708,647,309.90 11,719,350,709.11 16,306,545,055.81
PUBLIC DEBT CHARGES 12,325,831,134.71 14,103,962,254.87 25,065,283,603.21 63,934,927,287.21 42,087,660,040.15
OTHER CONSOLIDATED REVENUE FUND
CHARGES
20,418,278,378.29 15,727,351,721.89 9,785,040,519.47
12,462,220,627.61 13,081,516,846.36
TRANSFER TO OTHER GOVT AGENCIES
35,103,579,878.77
17,285,000,000.00 -
- -
DEPRECIATION/OTHERS
64,620,933,587.53
46,471,074,647.50 -
- -
TOTAL EXPENDITURE 301,643,113,160.53 231,363,083,319.19 153,546,859,383.60 219,502,940,344.56 202,776,901,264.44
GOVERNMENT OF DELTA STATE
NOTES TO THE FINANCIAL STATEMENTS
FIVE YEAR FINANCIAL SUMMARY
YEAR 2018 2017 2016 2015 2014
ACCRUAL BASIS
CASH BASIS
TRANSFER TO CAPITAL DEV FUND - - 4,983,820,892.91 27,806,639,005.48- 59,580,462,755.82
ACCUMULATED SURPLUS/(LOSS) 54,567,853,130.84 12,827,227,108.86 158,530,680,276.51 191,696,301,339.08 262,357,364,020.26
CAPITAL DEVELOPMENT FUND
OPENING BALANCE 1ST JANUARY
36,235,511,026.70 - -
TRANSFER FROM CONSOLIDATED REV
FUND
- - 4,983,820,892.91
27,806,639,005.48- 59,580,462,755.82
VALUE ADDED TAX - - - 9,265,096,194.86 9,619,182,846.26
INTERNAL LOANS RECEIVED 2,550,000,000.00 12,086,542,782.81 13,504,000,000.00 104,513,522,933.12 54,170,563,571.93
EXTERNAL LOANS RECEIVED 1,161,569,940.77 3,085,558,321.19 - -
OTHER CAPITAL RECEIPTS - 2,756,149,772.00 2,000,000,000.00
TOTAL CAPITAL RECEIPTS 3,711,569,940.77 15,172,101,104.00 21,243,970,664.91 115,778,619,127.98 63,789,746,418.19
SUB-TOTAL 3,711,569,940.77 15,172,101,104.00 57,479,481,691.61 87,971,980,122.50 123,370,209,174.01
LESS CAPITAL EXPENDITURE - - 54,170,531,442.04 51,736,469,095.80 106,811,836,306.62
CAPITAL DEVELOPMENT FUND 31ST
DECEMBER
3,308,950,249.57 36,235,511,026.70 16,558,372,867.39
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER, 2018
MOFI INVESTMENTS PORTFOLIO
H O L D I N G
B/FWD
CURRENT
HOLDING
COST TOTAL COST H O L D I N G TOTAL COST
QUOTED COMPANIES
1 Afribank Nig. Plc 1,333,332.00 2.00 666,666.00 1,333,332.00 666,666.00
2 Aiico Insurance plc. 11,089,307.00 5.56 1,993,110.00 11,089,307.00 1,993,110.00
3 African Petroluem plc 12,500.00 2.00 6,250.00 12,500.00 6,250.00
4 Asaba Textile Mill plc 17,496,000.00 2.00 8,748,000.00 17,496,000.00 8,748,000.00
5 Ashaka Cement plc 1,105,074.00 390,490.00 49.74 7,851.00 390,490.00 7,851.00
6 Cadbury Nig, plc 509,668.00 509,668.00 2.67 191,125.50 509,668.00 191,125.50
7 Beta Glass Company Nig. Plc 20,018,699.00 22,518,699.00 2.28 9,872,597.50 22,518,699.00 9,872,597.50
8 Dunlop Nigeria plc 22,500.00 22,500.00 2.00 11,250.00 22,500.00 11,250.00
9 First Bank of Nigeria plc 6,589,396.00 7,089,396.00 0.40 17,817,730.00 7,089,396.00 17,817,730.00
10 Flour Mills plc 218,611.00 441,853.00 4.30 102,704.00 441,853.00 102,704.00
11 Guinness Nigeria plc 2,467,228.00 1.13 2,187,812.50 2,467,228.00 2,187,812.50
12 B.O.C. Gases plc 765.00 765.00 - 765.00 -
13 IMB International Bank plc 112,233.00 0.33 336,216.50 112,233.00 336,216.50
14 Unilever Nigeria plc 897,300.00 5.54 162,048.00 897,300.00 162,048.00
15 Mobil oil Nig. Plc 19,873.00 122,885.00 3.12 39,323.50 122,885.00 39,323.50
16 Nigerian Breweries plc 2,022,538.00 11.31 178,871.00 2,022,538.00 178,871.00
17 Nigerian Bottling Co plc 1,618,118.00 2.67 606,794.50 1,618,118.00 606,794.50
18 Nestle Foods plc 98,344.00 2.16 45,623.50 98,344.00 45,623.50
19 Unity Bank Plc (New Nig Bank) 165,000,000.00 0.28 595,088,610.00 165,000,000.00 595,088,610.00
20 Niger Insurance CO plc 840,000.00 840,000.00 3.43 245,000.00 840,000.00 245,000.00
21 The Okomu Oil Palm Plc 1,483,493.00 3,907,384.00 1.38 2,828,692.00 3,907,384.00 2,828,692.00
22 R.T Briscoe Nigeria Plc 329,061.00 3.60 91,406.00 329,061.00 91,406.00
23 Savannah Bank of Nig. Plc 150,000.00 2.00 75,000.00 150,000.00 75,000.00
24 Chevron (Taxaco Nigeria plc) 63,239.00 2.40 26,391.50 63,239.00 26,391.50
25 TOTALFinaElf Nig.Plc 82,705.00 0.02 4,135,250.00 82,705.00 4,135,250.00
26 Union Bank of Nigeria plc 4,533,176.00 0.27 17,060,217.40 4,533,176.00 17,060,217.40
27 0ando (Unipetrol Nigeria plc) 54,166.00 3.05 17,752.50 54,166.00 17,752.50
28 West African Portland Cement plc 262,748.00 1,438,099.00 3.33 432,274.50 1,438,099.00 432,274.50
29 D.N. Meyer Plc 230.00 2.00 115.00 230.00 115.00
30 Royal Exchange Plc 50,954.00 2.00 25,477.00 50,954.00 25,477.00
31 K. Chellarams 484,022.00 2.00 242,011.00 484,022.00 242,011.00
S/N
NAME OF COMPANY
2 0 1 8
2017
Page 1 of 3
32 Oceanic Bank Plc 537,012,803.00 2.00 268,506,402.00 537,012,803.00 268,506,402.00
33 UBA (STB) 19,156,409.00 34,840,618.00 0.25 137,015,200.00 34,840,618.00 137,015,200.00
34 Standard Trust Assurance (STACO) 73,333,332.00 73,333,332.00 1.47 49,999,995.00 73,333,332.00 49,999,995.00
35 Japaul Oil & Maritime 6,408,213.00 0.26 24,894,888.29 6,408,213.00 24,894,888.29
36 First Inland Bank 112,283.00 2.00 56,141.05 112,283.00 56,141.05
Zenith bank Plc 275,000.00 1.00 275,000.00
Access Bank Plc 1,300,000.00 1.00 1,300,000.00
Transcorp 5,008,697.00 1.00 5,008,697.00
HTF2 33,206,157.00 1.00 33,206,157.00
TOTAL QUOTED 1,183,504,650.74 1,143,714,796.74
UNQUOTED COMPANIES
1 Bendel steel 70,000.00 0.00 35,000,000.00 70,000.00 35,000,000.00
2 Bendel Glass Coy. 315,000.00 2.01 157,000.00 315,000.00 157,000.00
3 Delta Building Society co. Ltd 1,000,000,000.00 1.00 1,200,000,000.00 1,000,000,000.00 1,000,000,000.00
4 Delta Electric Power Ltd 100,000,000.00 1.00 100,000,000.00 100,000,000.00 100,000,000.00
Delta State Investment Trust Co. Plc 50,000,000.00 1.00 50,000,000.00 50,000,000.00 50,000,000.00
5 UIDC Plc 194,072,155.00 0.47 254,282,301.00 90,420,000.00 190,420,000.00
UIDC Securities Plc 100,000,000.00 1.00 100,000,000.00 100,000,000.00 100,000,000.00
6 Delta Water Ways Ltd - - -
7 Delta Transport Service LTD 288,000,000.00 0.48 606,015,054.20 288,000,000.00 606,015,054.20
8 Grand HotelsLTD 20,000,000.00 1.00 20,000,000.00 20,000,000.00 20,000,000.00
9 Mother cat overseas Ltd 410,000.00 1.00 410,000.00 410,000.00 410,000.00
10 Niger construction coy Ltd 4,100,000.00 1.00 4,100,000.00 4,100,000.00 4,100,000.00
11 Nigeria National fish coy, Ltd 630,000.00 1.00 630,000.00 630,000.00 630,000.00
12 Oil Palm coy Ltd Ajagbodudu 500,000.00 0.50 1,000,000.00 500,000.00 1,000,000.00
13 Ocean&Oil invest Ltd (unipetrol) - - -
14 Pamol (Nig) Ltd 283,500,000.00 0.97 291,750,000.00 283,500,000.00 291,750,000.00
15 Pedrocchi&coy Ltd 748,800.00 2.00 374,400.00 748,800.00 374,400.00
16 Urban Devt bank Ltd 5,161,290.00 1.00 5,161,290.00 5,161,290.00 5,161,290.00
17 Utagba Unor Rubber Estate Ltd 17,215,625.00 1.00 17,215,625.00 17,215,625.00 17,215,625.00
18 Mid Western Oil & Gas 50,000,000.00 0.65 77,000,000.00 50,000,000.00 77,000,000.00
19 Afriacan Timber & Plywood - 993,917,931.00 993,917,931.00
20 HANS GREMLIN 21,707,670.00 0.14 150,000,000.00 21,707,670.00 150,000,000.00
21 84 SHOPS AT ABUJA - 30,000,000.00 30,000,000.00
22 Cassava Processing Industry - 200,000,000.00 200,000,000.00
23 OAN Port Services (10% Stake) 2006 - 45,000,000.00 45,000,000.00
24 Resort Int'l Ltd (Participation in ND Resort) - 750,000,000.00 750,000,000.00
Page 2 of 3
25 South Beach Co Ltd - 150,000,000.00 150,000,000.00
26 OFN-Delta Farms Ltd - 778,600,000.00 778,600,000.00
27 Warri Industrial Park Ltd 80,000,000.00 1.00 80,000,000.00 80,000,000.00 80,000,000.00
28
CBN ASABA STAFF AND PUBLIC
128,000,000.00 128,000,000.00
29
DTSG INVESTMENT IN
1,384,425,000.00 1,384,425,000.00
30
ACQUIZATION OF SAPELE POWER
2,445,000,000.00 2,445,000,000.00
31
MINISTRY OF FINANCE
785,344,582.50 785,344,582.50
32
CASSAVA STARCH MILL AT UZERE
3,000,000.00 3,000,000.00
33
RECAPITALIZATION FOR DELTA
2,500,000,000.00 2,500,000,000.00
34
5% SHORELINE OIL 1,320,000,000.00 1,320,000,000.00
35
UZERE CASSAVA MILL 156,900,000.00 156,900,000.00
36
ADDITION IN YEAR 2017 (Audited) 326,130,534.18 326,130,534.18
TOTAL UNQUOTED 14,989,413,717.88 14,725,551,416.88
GRAND TOTAL 16,172,918,368.62 15,869,266,213.62
Page 3 of 3
www.deltatstate.gov.ng
INTERNAL LOANS RECEIVED EXTERNAL LOANS RECEIVED
2,550,000,000.00
1,161,569,940.77
12,086,542,782.81
3,085,558,321.19
LOAN RECEIPTS
2018 2017
NOTE 43 INTERNAL LOANS
BOND AND COMMERCIAL BANK LOANS
FOR THE YEAR ENDED 31T DECEMBER, 2018
S/N INTERNAL LOANS
A
COMMERCIAL/CBN
BANK LOANS:
PERIOD PRIN RECVD
CLOSING BALANCE AS AT
1ST, JAN., 2018
ADJUSTMENTS ADDITIONS TOTAL
INTEREST
PAYMENT FOR
THE YEAR
ENDED 31ST
DEC.,2018
PRINCIPAL
REPAYMENT FOR
THE YEAR ENDED
31ST DEC.,2018
TOTAL REPAYMENT
2018
CLOSING BALANCE AS
AT 31ST, DEC., 2018
1
ULO GUARANTEE SEPT '15 TO SEPT'17 2,775,531,903.07 (2,479,204,496.02) - -
2
CBN SALARY BAILOUT SEPT'15 TO AUG'25 10,936,799,299.36 10,364,684,349.93 10,364,684,349.93 928,337,338.60 252,477,325.80 1,180,814,664.40 10,112,207,024.13
3 CBN CAPEX DEC'15 TO NOV'25 10,000,000,000.00 8,257,684,823.78 8,257,684,823.78 741,020,651.05 799,088,633.95 1,540,109,285.00 7,458,596,189.83
4 ZENITH AGRIC LOAN JAN'16 TO DEC'17 3,000,000,000.00 454,738,309.54 82,339,057.30 537,077,366.84 10,994,541.56 537,077,366.84 548,071,908.40 -
5
FIDELITY ECOLOGICAL
LOAN
MAR'16 TO MAR'18 500,000,000.00 73,132,248.08 (685,824.19) 72,446,423.89 1,716,972.23 72,446,423.89 74,163,396.12 -
6 FIDELITY SUBEB 1ST MAY 2017 1,000,000,000.00 876,041,801.93 876,041,801.93 116,415,645.42 556,851,019.74 673,266,665.16 319,190,782.19
7
FGN BUDGET
SUPPORT FUNDS
SEPT'16 TO ????
16,869,000,000.00 16,869,000,000.00 700,000,000.00 17,569,000,000.00 - - - 17,569,000,000.00
8
FIDELITY/SDG
FACILITY
APR.2018 TO
MAR.,2019
600,000,000.00 600,000,000.00 52,939,469.40 450,000,000.00 502,939,469.40 150,000,000.00
9
STERLING BANK
SUBEB LOAN
SEPT 2018 TO
AUG.,2020
1,250,000,000.00 1,250,000,000.00 94,592,355.07 186,268,954.64 280,861,309.71 1,063,731,045.36
45,081,331,202.43 34,416,077,037.24 81,653,233.11 2,550,000,000.00 37,676,934,766.37 1,946,016,973.33 2,854,209,724.86 4,016,425,919.08 36,672,725,041.51
B
BONDS: PRIN RECVD
CLOSING BALANCE AS AT
1ST, JAN., 2018
ADDITIONS TOTAL
INTEREST
PAYMENT FOR
THE YEAR
ENDED 31ST
DEC.,2018
PRINCIPAL
REPAYMENT FOR
THE YEAR ENDED
31ST DEC.,2018
TOTAL REPAYMENT
2018
CLOSING BALANCE AS
AT 31ST, DEC., 2018
1
FGN BOND
SEPT '15 TO
JUNE'34
69,801,191,730.69 68,100,309,423.96 20,000,000.00 68,120,309,423.96 9,273,828,753.13 1,765,381,365.77 11,039,210,118.90 66,354,928,058.19
2
CAPITAL DEV
BOND
2011-2018
50,000,000,000.00 7,405,632,288.25 295,602,431.19 7,701,234,719.44 451,638,489.83 7,701,234,719.44 8,152,873,209.27 -
119,801,191,730.69 75,505,941,712.21 315,602,431.19 - 75,821,544,143.40 9,725,467,242.96 9,466,616,085.21 19,192,083,328.17 66,354,928,058.19
NOTE 43
TOTAL
109,922,018,749.45 109,922,018,749.45 397,255,664.30 2,550,000,000.00 113,498,478,909.77 11,671,484,216.29 12,320,825,810.07 23,208,509,247.25 103,027,653,099.70
c FOREIGN DEBTS
1 EDF 1,395,186,924.80 1,395,186,924.80 13,950,786.26 106,076,661.23 120,027,447.49 1,289,110,263.57
2 1DA 16,029,859,303.75 1,161,569,940.77 17,191,429,244.52 139,800,135.56 42,470,053.17 182,270,188.73 17,148,959,191.35
3 IFAD 384,358,550.85 384,358,550.85 2,418,592.48 13,903,782.98 16,322,375.46 370,454,767.87
17,809,404,779.40 - 1,161,569,940.77 18,970,974,720.17 156,169,514.30 162,450,497.38 318,620,011.68 18,808,524,222.79
TOTAL LOAN DEBTS 124,410,332,894.28 397,255,664.30 3,711,569,940.77 132,469,453,629.94 11,827,653,730.59 12,483,276,307.45 23,527,129,258.93 121,836,177,322.49
DELTA STATE GOVERNMENT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER, 2018
OVERHEAD TO MINISTRIES, DEPARTMENT AND AGENCIES.
SECTORS: BANK ACCRUALS ACTUALS FINAL BUDGET VARIANCE
ADMINSTRATIVE SECTOR
GOVT HOUSE & PROTOCOL 14,358,963,178.38 1,586,466,481.91 15,945,429,660.29 16,028,045,204.22 82,615,543.93
- - - -
OTHER GOVT HOUSE - - - -
SUSTAINABLE DEVELOPMENT GOAL 6,000,000.00 - 6,000,000.00 6,000,000.00 -
MANAGER COMMUNICATION 3,600,000.00 - 3,600,000.00 3,600,000.00 -
SPECIAL PROGRAMMES 51,327,000.00 - 51,327,000.00 51,327,000.00 -
SERVICOM & LABOUR RELATION 20,390,000.00 - 20,390,000.00 20,390,000.00 -
YOUTH MONITORING & MENTORING 19,200,000.00 - 19,200,000.00 19,200,000.00 -
D/STATE SIGNAGE & ADVERTISEMENT
AGENCY ( DESAA)
32,695,125.00 - 32,695,125.00 32,695,200.00 75.00
CHIEF ECONOMIC ADVISER 9,000,000.00 - 9,000,000.00 9,000,000.00 -
S.A. ON LOCAL GOVT AFFAIRS 3,600,000.00 - 3,600,000.00 3,600,000.00 -
NDDC BRACED COMMISSION 14,623,900.00 - 14,623,900.00 14,623,900.00 -
OFFICE OF THE COMMISSIONER FOR SPECIAL
DUTIES GOVS OFFICE
18,086,000.00 - 18,086,000.00 18,086,000.00 -
OFFICE OF THE SNR POLICY ADVISER TO THE
GOVERNOR
27,212,000.00 - 27,212,000.00 27,212,000.00 -
DELTA STATE SECURITY TRUST FUND 187,471,137.90 - 187,471,137.90 187,471,200.00 62.10
STATE ACTION COMMITTEE ON AIDS 3,600,000.00 - 3,600,000.00 3,600,000.00 -
ASABA INTERNATIONAL AIRPORT 394,294,183.37 - 394,294,183.37 394,294,200.00 16.63
OFFICE OF THE DEPUTY GOVERNOR - - - -
OFFICE OF THE DEPUTY GOVERNOR 759,138,722.00 738954 759,877,676.00 759,877,696.00 20.00
STATE TENDER BOARD 57,000,000.00 - 57,000,000.00 57,000,000.00 -
STATE CONRACTORS REGISTRATION BOARD 2,400,000.00 - 2,400,000.00 2,400,000.00 -
- - - -
STATE HOUSE OF ASSEMBLY 3,909,304,561.71 133,963,146.00 4,043,267,707.71 4,043,267,739.00 31.29
SSG - - - -
OFFICE OF THE SECRETARY TO STATE
GOVERNMENT
3,350,824,187.56 650,942,779.92 4,001,766,967.48 4,001,767,016.00 48.52
SSG - POLITICAL APPOINTEE 731,480,000.00 - 731,480,000.00 731,480,000.00 -
OTHERS FROM SSG - - - -
GOVERNMENT HOUSE OFFICE ANNEX WARRI - - - - -
Page 1 of 7
DELTA STATE GOVERNMENT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER, 2018
OVERHEAD TO MINISTRIES, DEPARTMENT AND AGENCIES.
SECTORS: BANK ACCRUALS ACTUALS FINAL BUDGET VARIANCE
ADVISORY COUNCIL ON PREROGATIVE OF
MERCY
4,850,000.00 - 4,850,000.00 4,850,000.00 -
CHIEF OF STAFF 5,400,000.00 - 5,400,000.00 5,400,000.00 -
CHIEF STRATEGIST 5,400,000.00 - 5,400,000.00 5,400,000.00 -
CHIEF STRATEGIST TO THE STATE GOVT 14,000,000.00 - 14,000,000.00 14,000,000.00 -
COMMUNITY PEACE AMBASSADOR 2,450,000.00 - 2,450,000.00 2,450,000.00 -
DEPUTY CHIEF OF STAFF 3,000,000.00 - 3,000,000.00 3,000,000.00 -
Directorate of Project Monitor 10,800,000.00 - 10,800,000.00 10,800,000.00 -
EXEC ASSIST ON BEAUTIFICATION 21,582,000.00 - 21,582,000.00 21,582,000.00 -
EXEC ASST ON DESOPADEC 3,600,000.00 - 3,600,000.00 3,600,000.00 -
EXEC ASST ON INVESTMENT 3,600,000.00 - 3,600,000.00 3,600,000.00 -
EXEC ASST RELIGIOUS MATTERS 2,400,000.00 - 2,400,000.00 2,400,000.00 -
EXEC ASST A T & P MATTERS - - - -
HON PASCHAL ADIGWE S . A. 3,600,000.00 - 3,600,000.00 3,600,000.00 -
IMPREST FOR FORMER GOVS /DEPUTY 28,800,000.00 - 28,800,000.00 28,800,000.00 -
IMPREST FOR ICT OFFICE 4,200,000.00 - 4,200,000.00 4,200,000.00 -
INTER GOVERNMENTAL AFFAIRS & DUTIES 3,600,000.00 - 3,600,000.00 3,600,000.00 -
LABOUR UNION 12,000,000.00 - 12,000,000.00 12,000,000.00 -
MAINT OF GEN SET 12,000,000.00 - 12,000,000.00 12,000,000.00 -
NATIONAL ORIENTATION AGENCY 900,000.00 - 900,000.00 900,000.00 -
OFFICE OF THE CHIEF JOB CREATION 1,188,892,510.48 - 1,188,892,510.48 1,188,892,600.00 89.52
P.A TO GOVERNOR 3,600,000.00 - 3,600,000.00 3,600,000.00 -
PERSONAL PHYSICIAN TO THE GOV 6,000,000.00 - 6,000,000.00 6,000,000.00 -
PUBLIC PROCUREMENT COMM 17,843,245.38 - 17,843,245.38 17,844,000.00 754.62
SA CHIEF EMUOBOH GBAGI 600,000.00 - 600,000.00 600,000.00 -
SA EDUCATION 3,000,000.00 - 3,000,000.00 3,000,000.00 -
SA LEGAL MATTERS - - - -
SA HEALTH 3,600,000.00 - 3,600,000.00 3,600,000.00 -
SA INFRANSTRUTURE & HOUSING 3,600,000.00 - 3,600,000.00 3,600,000.00 -
SA ON INVESTMENT 3,600,000.00 - 3,600,000.00 3,600,000.00 -
SA ON PROJECT / IMPLEMENTATION &
EVALUATION
3,600,000.00 - 3,600,000.00 3,600,000.00 -
SA ON RURAL DEV & PEACE BUILDING ASABA 7,200,000.00 - 7,200,000.00 7,200,000.00 -
SA ON URBAN RENEWAL 3,600,000.00 - 3,600,000.00 3,600,000.00 -
Page 2 of 7
DELTA STATE GOVERNMENT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER, 2018
OVERHEAD TO MINISTRIES, DEPARTMENT AND AGENCIES.
SECTORS: BANK ACCRUALS ACTUALS FINAL BUDGET VARIANCE
SA RT HON MERCY ALMONA 1,200,000.00 - 1,200,000.00 1,200,000.00 -
SA TO GOV ON PETROLEUM MATTERS 3,600,000.00 - 3,600,000.00 3,600,000.00 -
SA TO GOV ON TOURISM & EXTERNAL
RELATIONS
2,100,000.00 - 2,100,000.00 2,100,000.00 -
SA TO THE GOV ON LNDS RES & LEGISLATIVE
MATTERS
25,093,245.38 - 25,093,245.38 25,093,300.00 54.62
SNR P. A GOVERNOR 31,412,000.00 - 31,412,000.00 31,412,000.00 -
SSA INTER PARTY RELATION 1,800,000.00 - 1,800,000.00 1,800,000.00 -
HOS 178,236,696.00 22,955,100.00 201,191,796.00 201,192,000.00 204.00
DIR CABINET - CABINET 57,157,992.00 786,500.00 57,944,492.00 57,945,000.00 508.00
DIR LOCAL GOVT 13,660,125.00 9,652,850.00 23,312,975.00 23,312,975.00 -
POLITICAL & SECURITY 24,908,364.42 2,884,564.42 27,792,928.84 27,793,000.00 71.16
DIR ESTAB & PENSION 113,817,300.00 18,984,500.00 132,801,800.00 132,802,000.00 200.00
MIN OF INFORMATION 1,021,661,499.00 8,992,500.00 1,030,653,999.00 1,030,654,000.00 1.00
BUREAU FOR SPECIAL DUTIES 68,986,400.00 68,057,000.00 137,043,400.00 137,044,000.00 600.00
OFFICE OF THE AUDITOR GENEARAL (STATE) 59,611,000.00 4,500,000.00 64,111,000.00 64,111,000.00 -
OFFICE OF THE AUDITOR GENEARAL (LG) 59,943,800.00 5,544,622.00 65,488,422.00 65,489,000.00 578.00
CIVIL SER COMMISSION 50,707,000.00 15,042,500.00 65,749,500.00 65,749,500.00 -
LOCAL GOVT SER COMM 19,000,000.00 29,600,000.00 48,600,000.00 48,600,000.00 -
STATE HOUSE OF ASSEMBLY SER COMM 68,374,800.00 21,440,389.00 89,815,189.00 89,816,000.00 811.00
DIR CHIEFTANCY AFFAIRS 45,458,000.00 1,980,950.00 47,438,950.00 47,439,000.00 50.00
D/STATE INDEP ELECTORAL COMM 69,520,590.00 4,323,000.00 73,843,590.00 73,844,000.00 410.00
D/STATE PENSION BUREAU 21,629,400.00 11,360,200.00 32,989,600.00 32,989,700.00 100.00
D/STATE LIAISON OFFICE LAGOS 72,485,369.60 - 72,485,369.60 72,485,400.00 30.40
D/STATE LIAISON OFFICE ABUJA 69,639,940.00 - 69,639,940.00 69,639,950.00 10.00
DIR MULTILATERAL 9,230,872.00 - 9,230,872.00 9,230,900.00 28.00
D/STATE LIAISON OFFICE WARRI 21,378,563.00 - 21,378,563.00 21,378,600.00 37.00
NIG NATIONAL VOLUNTEER SER 1,800,000.00 - 1,800,000.00 1,800,000.00 -
D/STATE ADVISORY COMMITTEE 164,400,000.00 - 164,400,000.00 164,400,000.00 -
COMMUNITY DEV COMMITTEE 3,375,000.00 - 3,375,000.00 3,375,000.00 -
EXEC ASSIST ORIENTATION 65,990,000.00 - 65,990,000.00 65,990,000.00 -
TOTAL ADMIN 27,693,705,708.18 2,598,216,037.25 30,291,921,745.43 30,374,542,080.22
ECONOMIC SECTOR
MIN LANDS & SURVEY 678,087,600.03 636,596,649.68 1,314,684,249.71 1,314,684,300.00 50.29
Page 3 of 7
DELTA STATE GOVERNMENT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER, 2018
OVERHEAD TO MINISTRIES, DEPARTMENT AND AGENCIES.
SECTORS: BANK ACCRUALS ACTUALS FINAL BUDGET VARIANCE
MIN OF ENVIRONMENT 118,312,500.00 827,068,737.86 945,381,237.86 945,381,300.00 62.14
MIN OF COMM & INDUSTRY 207,422,450.00 1,478,658,896.46 1,686,081,346.46 1,686,082,000.00 653.54
MIN OF ENERGY 865,610,906.27 51,661,065.13 917,271,971.40 920,050,000.00 2,778,028.60
DIR OF ART, CULTURE &TOURISM 45,047,575.00 14,745,800.00 59,793,375.00 59,800,000.00 6,625.00
MIN OF AGRIC & NAT RESER 101,436,000.00 42,777,531.35 144,213,531.35 144,213,600.00 68.65
MIN OF WATER RES DEV 16,082,000.00 96,003,618.51 112,085,618.51 112,085,700.00 81.49
SMALL TOWN WATER SUPPLY AGENCY
(STOWASSA)
15,276,092.76 - 15,276,092.76 15,276,100.00 7.24
FINANCE 19,321,224,159.00 1,148,323,958.37 20,469,548,117.37 20,575,993,171.00 106,445,053.63
DEBT MGT DEPT 2,400,000.00 - 2,400,000.00 6,400,000.00 4,000,000.00
ACCOUNTANT GENERAL OFFICE 1,265,955,780.07 17,718,664.00 1,283,674,444.07 1,293,180,000.00 9,505,555.93
BOARD OF INTERNAL REV (BIR) 2,944,099,193.25 - 2,944,099,193.25 2,944,099,200.00 6.75
MIN OF ECONOMIC PLANNING 759,598,890.00 2,252,768,046.00 3,012,366,936.00 3,012,367,000.00 64.00
MIN OF WORKS 14,400,000.00 1,279,275,794.51 1,293,675,794.51 1,293,675,800.00 5.49
MIN OF HOUSING 17,750,000.00 271,331,460.76 289,081,460.76 289,081,536.00 75.24
MIN OF TRANSPORT 64,300,513.52 99,173,600.00 163,474,113.52 163,474,200.00 86.48
OFFICE OF THE SURVEYOR GENERAL 6,597,500.00 35,000,000.00 41,597,500.00 41,597,500.00 -
MIN OF SCIENCE & TECHNOLOGY 30,094,932.68 7,172,475.00 37,267,407.68 37,267,500.00 92.32
MIN OF URBAN RENEWAL 16,858,250.00 - 16,858,250.00 20,000,000.00 3,141,750.00
MIN OF OIL & GASS 41,382,100.00 2,993,000.00 44,375,100.00 44,375,100.00 -
DIRECT LABOUR AGENCY 51,000,000.00 - 51,000,000.00 74,000,000.00 23,000,000.00
DELTA BROADCASTING SER 3,000,000.00 - 3,000,000.00 3,000,000.00 -
DELTA PRINTING & PUBLICATION CO. LTD 6,000,000.00 - 6,000,000.00 6,000,000.00 -
DELTA RADIO & TV WARRI 3,000,000.00 - 3,000,000.00 3,000,000.00 -
DELTA TOURISM BOARD 3,000,000.00 - 3,000,000.00 27,975,000.00 24,975,000.00
RURAL DEV AGENCY (RDA) 14,909,000.00 - 14,909,000.00 29,700,000.00 14,791,000.00
AGRICULURAL DEV AGENCY 3,600,000.00 - 3,600,000.00 3,600,000.00 -
TASK FORCE ON COMM FARM 1,200,000.00 - 1,200,000.00 1,200,000.00 -
TREE CORP UNIT 1,200,000.00 - 1,200,000.00 1,200,000.00 -
TRACTOR HIRE AGENCY 600,000.00 - 600,000.00 3,600,000.00 3,000,000.00
DELTA AGRIC PROCUREMENT AGENCY 1,200,000.00 - 1,200,000.00 1,200,000.00 -
DELTA STATE URBAN WATER BOARD 22,800,000.00 - 22,800,000.00 22,800,000.00 -
RURAL WATER SUPPLY AGENCY 4,800,000.00 - 4,800,000.00 8,549,940.00 3,749,940.00
URBAN & REGIONAL PLANNING BOARD 2,700,000.00 - 2,700,000.00 4,700,000.00 2,000,000.00
DELTA STATE BOUNDARY COMMITTEE 22,761,000.00 - 22,761,000.00 22,761,000.00 -
Page 4 of 7
DELTA STATE GOVERNMENT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER, 2018
OVERHEAD TO MINISTRIES, DEPARTMENT AND AGENCIES.
SECTORS: BANK ACCRUALS ACTUALS FINAL BUDGET VARIANCE
LAND USE & LOCATION COMMITTEE 13,200,000.00 - 13,200,000.00 17,500,000.00 4,300,000.00
DELTA STATE WASTE MGT BOARD 158,400,000.00 - 158,400,000.00 158,400,000.00 -
DELTA STATE MICRO SMALL & MEDIUM ENT
DEV AGENCY
231,850,000.00 - 231,850,000.00 231,850,646.78 646.78
DELTA STATE TRAFFIC MGT AGENCY 17,000,000.00 - 17,000,000.00 17,000,000.00 -
DELTA PROPERTY DEV AGENCY 1,000,000.00 - 1,000,000.00 1,000,000.00 -
DELTA STATE INVESTMENT DEV AGENCY 41,261,500.00 - 41,261,500.00 50,000,000.00 8,738,500.00
TOTAL ECON SECTOR 27,136,417,942.58 8,261,269,297.63 35,397,687,240.21 35,608,120,593.78
LAW & JUSTICE - -
MIN OF JUSTICE 538,861,788.00 454,259,379.20 993,121,167.20 995,014,300.00 1,893,132.80
HIGH COURT 392,307,841.00 200,642,830.76 592,950,671.76 592,950,700.00 28.24
CUSTOMARY COURT 92,450,000.00 16,000,000.00 108,450,000.00 117,500,000.00 9,050,000.00
JSC 36,635,500.00 4,692,437.00 41,327,937.00 44,000,000.00 2,672,063.00
1,060,255,129.00 675,594,646.96 1,735,849,775.96 1,749,465,000.00
-
SOCIAL SECTOR -
MIN OF WOMEN AFFAIRS 153,307,478.00 13,701,400.00 167,008,878.00 167,008,878.00 -
DIR OF YOUTH DEV 155,101,848.73 23,729,468.81 178,831,317.54 178,831,400.00 82.46
DELTA STATE SPORT COMM 3,673,463,500.00 1,803,070,000.00 5,476,533,500.00 5,476,533,500.00 -
MIN OF BASIC & SECOND EDUCATION
(BASIC0
442,553,850.00 1,591,001,341.33 2,033,555,191.33 2,033,555,276.00 84.67
MIN OF HIGHER EDUC 192,619,050.75 218,033,455.58 410,652,506.33 410,652,700.00 193.67
MIN OF HEALTH 331,462,620.00 922,314,544.75 1,253,777,164.75 1,253,777,200.00 35.25
COUNCIL FOR ART & CULTURE 6,000,000.00 - 6,000,000.00 6,000,000.00 -
DELTA STATE ENVIRONMENTAL ROTECTION
AGENCY
4,194,432.90 - 4,194,432.90 4,194,500.00 67.10
DELTA STATE FIRE SER 4,200,000.00 - 4,200,000.00 4,200,000.00 -
DELTA STATE EMERGENCY RELIEF AGENCY 699,092,500.00 - 699,092,500.00 699,092,500.00 -
CHRISTAIN PIL WELFARE BOARD 1,350,000.00 - 1,350,000.00 1,350,000.00 -
MUSLIM PIL WEL BOARD 1,350,000.00 - 1,350,000.00 1,350,000.00 -
HOSPITAL MGT BOARD 33,950,000.00 - 33,950,000.00 33,950,000.00 -
TRADITIONAL MEDICINE BOARD 3,600,000.00 - 3,600,000.00 8,600,000.00 5,000,000.00
SCHOOL OF MID WIF ASABA 1,080,000.00 - 1,080,000.00 1,080,000.00 -
SCHOOL OF NURSING WARRI 1,200,000.00 - 1,200,000.00 1,200,000.00 -
SCHOOL OF MID WIF SAPELE 1,080,000.00 - 1,080,000.00 1,080,000.00 -
Page 5 of 7
DELTA STATE GOVERNMENT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER, 2018
OVERHEAD TO MINISTRIES, DEPARTMENT AND AGENCIES.
SECTORS: BANK ACCRUALS ACTUALS FINAL BUDGET VARIANCE
SCHOOL OF NURSING AGBOR 1,200,000.00 - 1,200,000.00 1,200,000.00 -
SCHOOL OF NURSING EKU 1,200,000.00 - 1,200,000.00 1,200,000.00 -
SCHOOL OF HEALTH TECHNOLOGY UGHELLI 8,400,000.00 - 8,400,000.00 8,400,000.00 -
PRIMARY HEALTH CARE AGENCY 69,200,000.00 - 69,200,000.00 69,200,000.00 -
D/STATE UNIVERSITY TEACHING HOSPITAL
OGHARA
201,015,328.75 - 201,015,328.75 201,015,400.00 71.25
POST PRIMARY EDUCATION BOARD 181,989,940.00 - 181,989,940.00 181,989,950.00 10.00
DELTA STATE UNIVERSITY ABRAKA 24,000,000.00 - 24,000,000.00 24,000,000.00 -
INSTITUTE OF CONTINUING EDUC 9,600,000.00 - 9,600,000.00 10,300,000.00 700,000.00
LIBRARY BOARD 5,400,000.00 - 5,400,000.00 5,400,000.00 -
COLLEGE OF EDUC WARRI 20,000,000.00 - 20,000,000.00 20,000,000.00 -
COLLEGE OF EDUC AGBOR 40,000,000.00 - 40,000,000.00 40,000,000.00 -
ADULT & NON FORMAL EDUC 8,700,000.00 - 8,700,000.00 8,700,000.00 -
FREACH LANG CENTRE ASABA 1,200,000.00 - 1,200,000.00 1,400,000.00 200,000.00
RECTOR DSP OZORO 82,000,000.00 - 82,000,000.00 82,000,000.00 -
RECTOR DSP OGHARA 58,000,000.00 - 58,000,000.00 58,000,000.00 -
RECTOR DSP OGWASHI-UKU 49,900,000.00 - 49,900,000.00 49,900,000.00 -
PROVOST COPE MOSOGAR 12,000,000.00 - 12,000,000.00 12,000,000.00 -
STATE SCHOOLARSHIP BOARD 861,530,449.81 - 861,530,449.81 861,600,000.00 69,550.19
STATE TECHNICAL & VOCATIONAL EDUC
BOARD
71,250,000.00 - 71,250,000.00 82,265,472.00 11,015,472.00
SCHOOL OF MARINE TECHNOLOGY BURUTU 14,400,000.00 - 14,400,000.00 14,400,000.00 -
STATE UNIVERSAL BASIC EDUC BOARD 88,333,183.55 - 88,333,183.55 88,333,200.00 16.45
STATE MODEL SCHOOL (21) 35,550,000.00 - 35,550,000.00 35,550,000.00 -
LOCAL GOVT PENSION BREAU 4,200,000.00 - 4,200,000.00 4,200,000.00 -
GRAND TOTAL SOCIAL SECTOR 7,554,674,182.49 4,571,850,210.47 12,126,524,392.96 12,143,509,976.00
- -
REGIONAL SECTOR - -
DELTA STATE OIL PRODUCING COMMUNITIES
COMMISSION
45,000,000.00 - 45,000,000.00 45,000,000.00 -
ASABA CAPITAL TERITORY AGENCY 3,000,000.00 37,659,750.00 40,659,750.00 53,000,000.00 12,340,250.00
- -
TOTAL 48,000,000.00 37,659,750.00 85,659,750.00 98,000,000.00
-
Page 6 of 7
DELTA STATE GOVERNMENT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER, 2018
OVERHEAD TO MINISTRIES, DEPARTMENT AND AGENCIES.
SECTORS: BANK ACCRUALS ACTUALS FINAL BUDGET VARIANCE
GRAND TOTAL 63,493,052,962.25 16,144,589,942.31 79,637,642,904.56 79,973,637,650.00
CONSOLIDATED CHARGES:
Public Debt Charge
12,325,831,134.71 12,325,831,134.71 12,330,000,000.00 4,168,865.29
State Assistance to Local Government
for Primary Education
5,000,000,000.00 5,000,000,000.00 5,000,000,000.00 -
10% State Transfer of LG share of IGR
11,360,005,600.88 11,360,005,600.88 11,460,000,000.00 99,994,399.12
2.5% State Contribution to LG Pensions
127,635,386.70 127,635,386.70 127,635,386.70 -
Loan Repayment-Domestic
12,300,825,810.07 12,300,825,810.07 12,300,825,810.07 -
Loan Repayment-Foreign
162,450,497.38 162,450,497.38 200,000,000.00 37,549,502.62
GRANT-EU
3,930,637,390.71 3,930,637,390.71 3,930,637,390.71 0.00
Transfer to DESOPADEC
35,103,579,878.77 35,103,579,878.77 35,105,000,000.00 1,420,121.23
GRAND TOTAL 80,310,965,699.22 80,310,965,699.22 80,454,098,587.48 143,132,888.26
GRAND TOTAL
143,804,018,661.47 16,144,589,942.31 159,948,608,603.78 160,427,736,237.48
Page 7 of 7
DELTA STATE GOVERNMENT
NOTES TO THE FINANCIAL STATEMENT
PERSONNEL COST SCHEDULES FOR MINISTRIES, DEPARTMENT AND AGENCIES
FOR THE YEAR ENDED 31ST DECEMBER, 2018
ADMINSTRATIVE SECTOR ACTUAL FINAL BUDGET VARIANCE
GOVT HOUSE & PROTOCOL 778,041,390.45 815,573,560.86 37,532,170.41
DEPUTY GOV OFFICE 89,734,604.44 89,740,000.00 5,395.56
GOVT HOUSE OFFICE ANNEX WARRI 30,246,079.48 30,247,000.00 920.52
ASABA AIRPORR 39,620,640.65 39,621,500.00 859.35
STATE TENDER BOARD - - -
STATE CONRACTORS REGISTRATION BOARD - - -
STATE HOUSE OF ASSEMBLY 1,368,604,947.35 1,382,359,881.92 13,754,934.57
SSG 5,178,072,819.06 5,178,074,865.00 2,045.94
SSG - POLITICAL APPOINTEE - -
HOS 236,200,927.10 236,200,944.00 16.90
DIR CABINET - CABINET 127,937,199.35 140,059,467.00 12,122,267.65
DIR CABINET - ADMIN(NSCDC) - -
DIR LOCAL GOVT 101,221,206.33 104,603,980.00 3,382,773.67
DIR PLITICAL & SECURITY 61,196,295.99 67,648,680.00 6,452,384.01
DIR ESTAB & PENSION 138,630,209.64 138,630,243.00 33.36
MIN OF INFORMATION 279,166,753.41 279,166,829.00 75.59
BUREAU FOR SPECIAL DUTIES 245,373,365.55 257,387,383.00 12,014,017.45
OFFICE OF THE AUDITOR GENEARAL (STATE) 127,970,480.27 166,976,837.22 39,006,356.95
OFFICE OF THE AUDITOR GENEARAL (LG) 180,210,750.97 180,210,837.00 86.03
CIVIL SER COMMISSION 62,529,613.43 62,529,678.00 64.57
LOCAL GOVT SER COMM - 2,309,149.00 2,309,149.00
STATE HOUSE OF ASSEMBLY SER COMM
88,334,614.14 89,235,416.00 900,801.86
DIR CHIEFTANCY AFFAIRS 22,309,171.03 23,555,014.00 1,245,842.97
SEC TRADITIONAL COUNCIL 97,600,000.00 97,600,000.00 -
D/STATE INDEP ELECTORAL COMM 172,360,363.83 172,360,455.00 91.17
D/STATE PENSION BREAU 37,134,045.42 37,134,099.00 53.58
D/STATE LIAISON OFFICE LAGOS - - -
D/STATE LIAISON OFFICE ABUJA - - -
DIR MULTILATERAL - - -
D/STATE LIAISON OFFICE WARRI - - -
NIG NATIONAL VOLUNTEER SER - - -
OFFICE OF THE CHIEF JOB CREATION OFFICER - - -
D/STAE ADVISORY COMMITTEE - - -
COMMUNITY DEV COMMITTEE - - -
TOTAL ADMIN 9,462,495,477.89 9,591,225,819.00
ECONOMIC SECTOR ACTUAL FINAL BUDGET VARIANCE
MIN LANDS & SURVEY 265,318,622.22 265,319,562.00 939.78
MIN OF ENVIRONMENT 241,924,203.78 241,924,261.00 57.22
MIN OF COMM & INDUSTRY 316,580,381.40 316,580,387.00 5.60
MIN OF ENERGY 208,151,775.42 208,151,775.42 -
DIR OF ART, CULTURE &TOURISM 176,802,706.64 176,802,707.00 0.36
MIN OF AGRIC & NAT RESER 1,114,812,508.87 1,114,812,581.00 72.13
MIN OF WATER RES DEV 216,454,898.16 216,454,898.16 -
SMALL TOWN WATER SUPPLY AGENCY (STOWASSA) - - -
MIN OF FINANCE 117,344,472.08 117,344,473.00 0.92
DEBT MGT DEPT - - -
ACCOUNTANT GENERAL OFFICE 320,768,670.25 320,768,680.00 9.75
BOARD OF INTERNAL REV (BIR) 1,110,561,656.75 1,110,562,561.00 904.25
MIN OF ECONOMIC PLANNING 253,248,528.97 253,248,589.00 60.03
MIN OF WORKS 261,535,231.45 261,535,281.00 49.55
MIN OF HOUSING 175,063,480.09 175,063,480.09 -
MIN OF TRANSPORT 258,962,712.60 258,962,712.60 -
OFFICE OF THE SURVEYOR GENERAL 56,059,291.20 56,940,865.00 881,573.80
MIN OF SCIENCE & TECHNOLOGY 93,623,947.60 94,958,502.00 1,334,554.40
MIN OF URBAN RENEWAL 27,305,853.20 27,305,900.00 46.80
MIN OF OIL & GAS 51,145,698.26 51,145,759.00 60.74
DIRECT LABOUR AGENCY 260,383,685.10 260,383,685.10 -
DELTA BRADCASTING SER 336,195,486.22 336,195,486.22 -
DELTA PRINTING & PUBLICATION CO. LTD 170,751,157.66 170,751,157.66 -
DELTA RADIO & TV WARRI 145,530,620.61 145,530,621.00 0.39
DELTA TOURISM BOARD 29,922,329.94 29,922,329.94 -
RURAL DEV AGENCY (RDA) 46,262,178.69 46,262,188.00 9.31
AGRICULURAL DEV AGENCY 139,822,549.02 139,822,550.00 0.98
TASK FORCE ON COMM FARM - - -
TREE CORP UNIT - - -
TRACTOR HIRE AGENCY - - -
DELTA AGRIC PROCUREMENT AGENCY 4,765,216.93 4,765,216.93 -
DELTA STATE URBAN WATER BOARD 359,026,913.30 359,026,944.00 30.70
RURAL WATER SUPPLY AGENCY 56,313,989.55 56,314,010.00 20.45
URBAN & REGIONAL PLANNING BOARD - - -
DELTA STATE BOUNDARY COMMITTEE - - -
LAND USE & LOCATION COMMITTEE - - -
DELTA STATE WASTE MGT BOARD 100,620,415.61 100,620,415.61 -
DELTA STATE MICRO SMALL & MEDIUM ENT DEV AGENCY - -
DELTA STATE TRAFFIC MGT AGENCY 154,240,271.44 154,240,300.00 28.56
DELTA PROPERTY DEV AGENCY 42,799,178.62 42,799,200.00 21.38
TOTAL ECON SECTOR 7,112,298,631.63 7,114,517,078.73
LAW & JUSTICE ACTUAL FINAL BUDGET VARIANCE
MIN OF JUSTICE 525,219,722.05 525,219,815.00 92.95
HIGH COURT 2,585,651,162.93 2,585,651,162.93 -
CUSTOMARY COURT 1,392,164,482.52 1,392,164,482.52 -
JSC 40,228,822.84 42,170,555.55 1,941,732.71
TOTAL LAW & JUSTICE 4,543,264,190.34 4,545,206,016.00
SOCIAL SECTOR ACTUAL FINAL BUDGET VARIANCE
MIN OF WOMEN AFFAIRS 228,015,036.40 228,015,047.00 10.60
DIR OF YOUTH DEV 129,477,065.41 159,491,145.00 30,014,079.59
DELTA STATE SPORT COMM 1,078,321,274.00 1,078,321,285.00 11.00
MIN OF BASIC & SECOND EDUCATION (BASIC0 815,067,667.18 815,067,752.00 84.82
MIN OF HIGHER EDUC 166,289,194.54 166,289,231.00 36.46
MIN OF HEALTH 984,984,769.16 984,984,769.16 -
COUNCIL FOR ART & CULTURE 87,706,803.37 87,706,865.00 61.63
DELTA STATE ENVIRONMENTAL PROTECTION AGENCY 11,579,636.50 11,579,651.00 14.50
DELTA STATE FIRE SER - - -
DELTA STATE EMERGENCY RELIEF AGENCY - - -
CHRISTAIN PIL WELFARE BOARD - - -
MUSLIM PIL WEL BOARD - - -
HOSPITAL MGT BOARD 8,830,904,559.02 8,831,006,739.00 102,179.98
TRADITIONAL MEDICINE BOARD - - -
SCHOOL OF MID WIF ASABA - - -
SCHOOL OF NURSING WARRI - - -
SCHOOL OF NURSING SAPELE - - -
SCHOOL OF NURSING AGBOR - - -
SCHOOL OF HEALTH TECHNOLOGY UGHELLI - - -
PRIMARY HEALTH CARE AGENCY - 99,629,200.81 99,629,200.81
INTEGRATION OF HEALTH DISEASE PROGRM - - -
D/STATE UNIVERSITY TEACHING HOSPITAL OGHARA 2,743,678,797.85 2,743,678,800.00 2.15
SCHOOL OF NURSING EKU - - -
POST PRIMARY EDUCATION BOARD 20,939,114,023.26 20,939,114,077.00 53.74
DELTA STATE UNIVERSITY ABRAKA 5,020,237,740.32 5,020,237,766.00 25.68
INSTITUTE OF CONTINUING EDUC 370,325,155.77 370,325,163.00 7.23
LIBRARY BOARD 156,313,161.67 156,313,161.67 -
COLLEGE OF EDUC WARRI 1,718,304,128.57 1,718,304,142.00 13.43
COLLEGE OF EDUC AGBOR 2,114,157,806.62 2,114,157,835.00 28.38
ADULT & NON FORMAL EDUC - -
FRENCH LANG CENTRE ASABA - -
RECTOR DSP OZORO 999,067,673.00 999,067,696.00 23.00
RECTOR DSP OGHARA 1,070,606,595.58 1,070,606,603.00 7.42
RECTOR DSP OGWASHI-UKU 1,186,064,944.38 1,186,064,977.00 32.62
PROVOST COPE MOSOGAR 710,549,867.09 710,549,935.00 67.91
STATE SCHOLARSHIP BOARD 22,715,181.14 22,715,223.00 41.86
STATE TECHNICAL & VOCATIONAL EDUC BOARD - - -
LOCAL GOVT PENSION BREAU - - -
SCOOL OF MARINE TECHNOLOGY BURUTU 431,143,122.29 431,143,212.00 89.71
STATE UNIVERSAL BASIC EDUC BOARD 365,602,720.20 365,602,720.20 -
STATE MODEL SCHOOL (21) - - -
BEAUTIFICATION OFFICE - - -
TOTAL SOCIAL SECTOR 50,180,226,923.32 50,309,972,995.84
REGIONAL SECTOR ACTUAL FINAL BUDGET VARIANCE
DELTA STATE OIL PRODUCING COMMUNITIES COMMISSION - -
ASABA CAPITAL TERITORY AGENCY - -
TOTAL PERSONNEL COST FOR YEAR 2018 71,298,285,223.18 71,560,921,909.57 262,636,686.39
GOVERNMENT OF DELTA STATE,
STATEMENT OF CHANGES IN NET ASSETS/EQUITY FOR THE YEAR ENDED 31ST DECEMBER, 2018.
Note Capital Grant
Revaluation
Reserve
Exchange
Translation
Reserve
Accummulated
Surpluses/ (Deficits)
Total
Minority
Interest
(0%)
Attributable to
Owners (100%)
₦ ₦ ₦ ₦ ₦ ₦ ₦
Balance as at 1st January 2018
- 96,304,395,204.25 - 12,827,227,108.85 109,131,622,313.10 - 109,131,622,313.10
Changes in Accounting Policy
48 - - - -
Restated Balance
- 96,304,395,204.25 - 12,827,227,108.85 109,131,622,313.10 - 109,131,622,313.10
-
Assets B/F
32 - - -
Deficit on Revaluation of
Investments
- - -
Net Gains and Losses not
Recognised in the Statement of
Financial Performance
43 - 1,292,616,341.43 1,292,616,341.43 - 1,292,616,341.43
Net surplus for the period
46 - - 54,567,853,130.84 54,567,853,130.84 - 54,567,853,130.84
Balance at 31 December 2018
- - - - - - -
Deficit on Revaluation of Property
- - - - - - -
Surplus on Revaluation of
Investments
45 - - - - - - -
Net gains and Losses not
Recognised in the Statement of
Financial Performance
- - - - - -
Net deficit for the Period
- - - - - - -
Balance at 31st December 2018
- 97,597,011,545.68 0.00 67,395,080,239.69 164,992,091,785.37 - 164,992,091,785.37
4
NON-TAX REVENUE:
ACTUAL BUDGET VARIANCE
LICENCES (12020100)
BOARD OF INTERNAL REVENUE 269,819,698.39 393,626,187.00 123,806,488.61-
MIN. OF COMMERCE -
MIN. OF AGRICULTURE 50,000.00 50,000.00
MIN. OF LANDS AND SURVEY -
MIN. OF EDUCATION -
MIN. OF HEALTH -
MIN. OF INFORMATION -
OFF.OF AUDITOR- GENERAL (STATE) -
OFF.OF AUD.- GENERAL (LG) -
DELSEPA 4,885,000.00 539,132,396.00 534,247,396.00-
DIR. OF WORKS . 1,858,740.00 8,530,576.00 6,671,836.00-
MIN. OF ENVIRONMENT -
MIN. OF ENERGY. -
MINISTRY OF HOUSING 120,000.00 120,000.00
-
SUBTOTAL 276,733,438.39 941,289,159.00
FEES (12020400)
BOARD OF INTERNAL REVENUE 259,116,451.82 15,323,786,180.00
MIN. OF AGRICULTURE 15,773,482.00 40,628,419.00
MIN. OF COMMERCE 58,944,359.00 8,801,188.00
MIN. OF LANDS AND SURVEY 788,510,498.96 968,973,171.00
MIN. OF EDUCATION(DIR. PRY & SEC. EDUCATION) 65,587,200.00
MIN. OF EDUCATION(DIR. HIGHER EDUCATION) 105,376,807.00
MIN. OF HEALTH 254,051,347.52 606,974,209.00
JUDICIARY 287,484,078.78 1,023,930,932.00
OFF. OF SURVEYOR-GENERAL
OFFICE OF THE AUDITOR GENERAL (STATE)
OFFICE OF THE AUDITOR GENERAL (L/GOVT) 52,500.00
MIN. OF LOCAL GOVT. AND CHIEFTANCY COMM. 2,401,000.00
MIN. OF WOMEN AFFAIRS 5,416,500.00 7,358,643,078.00
MIN. OF ENVIRONMENT 31,259,100.00 23,759,686.00
MIN.OF YOUTHS & SPORTS 3,130,050.00
MIN. OF ECONOMIC PLANNING
DELSEPA 5,244,768.00
DIR. OF WORKS . 276,987,100.32
Page 1 of 4
OFF. OF THE DEP-GOV. STATE TENDERS BOARD 3,139,000.00
MIN. OF ENERGY. 168,000.00
URBAN & REGIONAL PLANNING BOARD
MINISTRY 0F INFORMATION 103,780,291.34
FIRE SERVICE DEPT. 16,195,000.00 301,650,726.00 285,455,726.00-
DIR.OF YOUTH DEVMT. -
DIR. OF CULTURE & TOURISM 3,794,985.00 3,794,985.00
BUREAU FOR LG PENSIONS -
BUREAU FOR PENSION 45,000.00 45,000.00
GOVT. HOUSE & PROTOCOL 1,176,000.00 1,176,000.00
OFFICE OF THE SSG 702,000.00 702,000.00
DIR.Of ESTABS .& PENSIONS
2,157,100.00 2,157,100.00
MINISTRY OF FINANCE.
141,146,500.00 141,146,500.00
MIN. OF HOUSING
Page 2 of 4
GOVERNOR'S OFF.D/S LIAISON OFF. 3,748,530.00 3,748,530.00
OFFICE OF ACC.-GENERAL 80,509,625.00 9,847,259,178.00 9,766,749,553.00-
DTS CAPITAL TERR.DEV.AGENCY -
SCIENCE AND TECH -
ASABA INTERNATIONAL AIRPORT 3,412,230.00 3,412,230.00-
MIN. OF OIL AND GAS 30,000.00 30,000.00
Delta Signage and Advertising Agency (DESAA)
102,033,309.84
DELTA STATE TRAFFIC MANAGEMENT AUTHIRTY
4,830,350.00 5,937,850.00 1,107,500.00-
Ministry of Justice 16,829,841.75 16,829,841.75
MIN. OF TRANSPORT
10,190,100.00 10,190,100.00
DIR. OF SPECIAL INFRASTRUCTURE -
DIR OF SPECIAL DUTIES SDG 420,000.00 420,000.00
SUBTOTAL 2,650,230,876.33 10,158,259,984.00
FINES- GENERAL (12020500)
JUDICIARY
304,899,760.53
304,899,760.53 -
EARNINGS & SALES (12020600)
1
BOARD OF INTERNAL REVENUE 71,722,297.65 71,722,297.65
2
MIN. OF AGRICULTURE 4,701,234.30 4,701,234.30
3
MIN. OF LANDS AND SURVEY -
4
MIN. OF WORKS -
5
MIN. OF TRANSPORT 179,218,994.00 179,218,994.00
6
MIN. OF EDUCATION 9,048,000.00 9,048,000.00
7
MIN. OF COMMERCE -
8
GOVERNOR'S OFFICE -
9
MIN. OF INFORMATION 495,400.00 495,400.00
10
MIN. OF WOMEN AFFAIRS -
11
OFFICE OF THE SURVEYOR- GENERAL -
12
MIN. OF CULTURE AND TOURISM -
13
MIN. OF HEALTH (HMB) -
14
MIN. OF ENVIRONMENT.
8,270,925.00 3,324,634,350.00 3,316,363,425.00-
15
DELSEPA
-
16
MIN. OF FIN.. (B.I.R.)
-
18
MINISTRY OF ECON. PLANNING
-
19
MINISTRY OF JUSTICE
154,350.00 154,350.00
20
MINISTRY OF FINANCE
7,500.00 7,500.00
Page 3 of 4
21
MINISTRY OF HOUSING
-
22
DELTA STATE TRAFFIC MGT AUTHORITY (DESTMA)
2,647,600.00 2,647,600.00
23
DELTA STATE MANAGEMENT AUTHORITY
-
24
DELTA STATE CAPITAL TERRITORY DEV AUTH
671,544.00 671,544.00
25
Delta Broadcasting Serv. (Asaba)
4,000.00 4,000.00
SUBTOTAL 276,941,844.95 3,324,634,350.00
RENT ON GOVERNMENT PROPERTY (12020800)
MIN. OF AGRICULTURE -
MIN. OF LANDS AND SURVEY 1,197,166,474.53 1,197,166,474.53
GOVERNOR'S OFFICE -
MIN. OF INFORMATION -
MIN. OF WOMEN AFFAIRS -
MIN. OF WATER RESOURCES 83,000.00 430,000,000.00 429,917,000.00-
MIN. OF EDUCATION -
MIN. OF LOCAL GOVT. AND CHIEFTANCY COMM. -
YOUTHS & SPORTS -
MIN. OF FIN.. (B.I.R.) 13,861,392.05 13,861,392.05
DELSEPA 10,000,000.00 10,000,000.00-
DIR. OF TRANSPORT -
MIN. OF ENV.
-
MIN.OF COMM.& INDUSTRY 30,000.00 30,000.00
ASABA INTERNATIONAL AIRPORT 88,000.00 88,000.00
DELSEPA 14,056,699.35 202,000,000.00 187,943,300.65-
SUBTOTAL 1,225,285,565.93 642,000,000.00
4,734,091,486.13 15,066,183,493.00
Page 4 of 4
NOTE 43 INTERNAL LOANS
BOND AND COMMERCIAL BANK LOANS
FOR THE YEAR ENDED 31T DECEMBER, 2018
S/N INTERNAL LOANS
A
COMMERCIAL/CBN
BANK LOANS:
PERIOD PRIN RECVD
CLOSING BALANCE AS AT
1ST, JAN., 2018
ADJUSTMENTS ADDITIONS TOTAL
INTEREST
PAYMENT FOR
THE YEAR
ENDED 31ST
DEC.,2018
PRINCIPAL
REPAYMENT FOR
THE YEAR ENDED
31ST DEC.,2018
TOTAL REPAYMENT
2018
1
ULO GUARANTEE SEPT '15 TO SEPT'17 2,775,531,903.07 (2,479,204,496.02) -
2
CBN SALARY BAILOUT SEPT'15 TO AUG'25 10,936,799,299.36 10,364,684,349.93 10,364,684,349.93 928,337,338.60 252,477,325.80 1,180,814,664.40
3 CBN CAPEX DEC'15 TO NOV'25 10,000,000,000.00 8,257,684,823.78 8,257,684,823.78 741,020,651.05 799,088,633.95 1,540,109,285.00
4 ZENITH AGRIC LOAN JAN'16 TO DEC'17 3,000,000,000.00 454,738,309.54 82,339,057.30 537,077,366.84 10,994,541.56 537,077,366.84 548,071,908.40
5
FIDELITY ECOLOGICAL
LOAN
MAR'16 TO MAR'18 500,000,000.00 73,132,248.08 (685,824.19) 72,446,423.89 1,716,972.23 72,446,423.89 74,163,396.12
6 FIDELITY SUBEB 1ST MAY 2017 1,000,000,000.00 876,041,801.93 876,041,801.93 116,415,645.42 556,851,019.74 673,266,665.16
7
FGN BUDGET
SUPPORT FUNDS
SEPT'16 TO
????
16,869,000,000.00 16,869,000,000.00 700,000,000.00 17,569,000,000.00 - - -
8
FIDELITY/SDG
FACILITY
APR.2018 TO
MAR.,2019
600,000,000.00 600,000,000.00 52,939,469.40 450,000,000.00 502,939,469.40
9
STERLING BANK
SUBEB LOAN
SEPT 2018 TO
AUG.,2020
1,250,000,000.00 1,250,000,000.00 94,592,355.07 186,268,954.64 280,861,309.71
45,081,331,202.43 34,416,077,037.24 81,653,233.11 2,550,000,000.00 37,676,934,766.37 1,946,016,973.33 2,854,209,724.86 4,016,425,919.08
B
BONDS: PRIN RECVD
CLOSING BALANCE AS AT
1ST, JAN., 2018
ADDITIONS TOTAL
INTEREST
PAYMENT FOR
THE YEAR
ENDED 31ST
DEC.,2018
PRINCIPAL
REPAYMENT FOR
THE YEAR ENDED
31ST DEC.,2018
TOTAL REPAYMENT
2018
1
FGN BOND
SEPT '15 TO
JUNE'34
69,801,191,730.69 68,100,309,423.96 20,000,000.00 68,120,309,423.96 9,273,828,753.13 1,765,381,365.77 11,039,210,118.90
2
CAPITAL DEV
BOND
2011-2018
50,000,000,000.00 7,405,632,288.25 295,602,431.19 7,701,234,719.44 451,638,489.83 7,701,234,719.44 8,152,873,209.27
119,801,191,730.69 75,505,941,712.21 315,602,431.19 - 75,821,544,143.40 9,725,467,242.96 9,466,616,085.21 19,192,083,328.17
NOTE 43
TOTAL
109,922,018,749.45 109,922,018,749.45 397,255,664.30 2,550,000,000.00 113,498,478,909.77 11,671,484,216.29 12,320,825,810.07 23,208,509,247.25
c FOREIGN DEBTS
1 EDF 1,395,186,924.80 1,395,186,924.80 13,950,786.26 106,076,661.23 120,027,447.49
2 1DA 16,029,859,303.75 1,161,569,940.77 17,191,429,244.52 139,800,135.56 42,470,053.17 182,270,188.73
3 IFAD 384,358,550.85 384,358,550.85 2,418,592.48 13,903,782.98 16,322,375.46
17,809,404,779.40 - 1,161,569,940.77 18,970,974,720.17 156,169,514.30 162,450,497.38 318,620,011.68
TOTAL LOAN DEBTS 124,410,332,894.28 397,255,664.30 3,711,569,940.77 132,469,453,629.94 11,827,653,730.59 12,483,276,307.45 23,527,129,258.93
CLOSING BALANCE AS
AT 31ST, DEC., 2018
-
10,112,207,024.13
7,458,596,189.83
-
-
319,190,782.19
17,569,000,000.00
150,000,000.00
1,063,731,045.36
36,672,725,041.51
CLOSING BALANCE AS
AT 31ST, DEC., 2018
66,354,928,058.19
-
66,354,928,058.19
103,027,653,099.70
1,289,110,263.57
17,148,959,191.35
370,454,767.87
18,808,524,222.79
121,836,177,322.49
₦
₦ ₦ ₦ ₦
A B(C+D) C D E (B-A)
REVENUE
Government Share of FAAC (Stat. Revenue) 226,258,373,529.49 244,254,313,792.56 66,197,686,463.56 178,056,627,329.00 17,995,940,263.07-
Government Share of VAT 13,060,073,803.71 13,067,532,297.00 2,300,000,000.00 10,767,532,297.00 7,458,493.29-
Tax Revenue 49,317,411,164.12 56,036,633,535.00 56,036,633,535.00 6,719,222,370.88-
Non-Tax Revenue 4,734,091,486.13 10,973,863,337.00 10,973,863,337.00 6,239,771,850.87-
Investment Income 608,402,533.76 892,270,540.00 892,270,540.00 283,868,006.24-
Interest Earned 76,007,978.02 688,141,204.00 688,141,204.00 612,133,225.98-
Aid & Grants 2,769,067,449.94 2,769,511,100.00 2,769,511,100.00 443,650.06-
Debt Forgiveness - - -
Other Revenue 51,570,588,784.54 51,603,979,556.00 6,700,000,000.00 44,903,979,556.00 33,390,771.46-
Transfer from other Government Entities - - -
capital receipts 3,711,569,940.77 3,800,000,000.00 3,800,000,000.00 88,430,059.23-
Prior Year Faac(2015) Omitted -
Total Revenue (a) 352,105,586,670.48 384,086,245,361.56 75,197,686,463.56 308,888,558,898.00
RECURRENT EXPENDITURE
Salaries & Wages 71,289,737,051.51 71,560,921,910.00 6,600,000,003.00 64,960,921,907.00 271,184,858.49
Social Benefits 18,247,410,297.17 18,387,573,132.00 6,779,573,132.00 11,608,000,000.00 140,162,834.83
Overhead Cost 61,787,919,790.24 79,973,637,650.00 34,288,569,659.00 45,685,067,991.00 18,185,717,859.76
OPTION A: BASED ON SECTORS
DELTA STATE GOVERNMENT
CONSOLIDATED BUDGET REPORT FOR THE YEAR ENDED 31ST DECEMBER, 2018
Actual 2018
Final Budget 2018
Supplementary
Budget 2018
Initial/ Original Budget
2018
Variance on Final
Budget
Description
Page 1 of 2 2018 BUDGET PERFORMANCE
₦
₦ ₦ ₦ ₦
A B(C+D) C D E (B-A)
DELTA STATE GOVERNMENT
CONSOLIDATED BUDGET REPORT FOR THE YEAR ENDED 31ST DECEMBER, 2018
Actual 2018
Final Budget 2018
Supplementary
Budget 2018
Initial/ Original Budget
2018
Variance on Final
Budget
Description
Grants & Contributions 20,418,278,378.29 20,518,717,859.49 13,398,717,859.49 7,120,000,000.00 100,439,481.20
Subsidies - - - - -
Depreciation Charges - - -
Impairment Charges - - -
Amortization Charges - - -
Bad Debts Charges - - - -
Public Debt Charges 12,325,831,134.71 12,330,000,000.00 4,730,000,000.00 7,600,000,000.00 4,168,865.29
Loan Repayments 12,463,276,307.45 12,500,825,810.07 2,200,825,810.07 10,300,000,000.00 37,549,502.62
Trfer to other Govt Entities-DESOPADEC 35,103,579,878.77 35,200,000,000.00 7,200,000,000.00 28,000,000,000.00 96,420,121.23
Total Recurrent Expenditure (b) 231,636,032,838.14 250,471,676,361.56 75,197,686,463.56 175,273,989,898.00
CAPITAL EXPENDITURES:
ADMINISTRATIVE 7,258,638,162.06 11,962,420,527.95 11,962,420,527.95 4,703,782,365.89
ECONOMIC 72,907,089,805.88 83,036,463,336.06 83,036,463,336.06 10,129,373,530.18
LAW AND JUSTICE 701,966,837.04 1,881,343,845.00 1,881,343,845.00 1,179,377,007.96
SOCIAL 24,308,149,058.03 32,584,341,291.00 32,584,341,291.00 8,276,192,232.97
REGIONAL 3,608,661,127.52 4,150,000,000.00 4,150,000,000.00 541,338,872.48
Total Capital Expenditure = c 108,784,504,990.53 133,614,569,000.00 - 133,614,569,000.00
`
Total Expenditure: d=b+c 340,420,537,828.67 384,086,245,361.56 75,197,686,463.56 308,888,558,898.00
Budget Surplus/(Deficit): e=a-d 11,685,048,841.81 0.00- 0.00-
CASH AND BANK BALANCE 1/1/2018 21,045,245,015.73 -
CASH AND BANK BALANCE 31/12/2018 32,730,293,857.54
Page 2 of 2 2018 BUDGET PERFORMANCE
