ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Fri, 22 Nov 2019 12:31 - Updated Fri, 22 Nov 2019 13:05

Seven public firms accounts okayed

Luanda - Seven public companies' reports and accounts have been approved without any reservations and 39 others with reservations, according to State Asset Management Institute (IGAPE).

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

Meeting on presentation of public firms audit results

Photo: Alberto Juliao

Releasing the data on Thursday, IGAPE quoted 50 Angolan State-owned companies, in a universe of 80 firms, required to submit accounts reports.

Of this figure, four firms have presented irregularities.

Among the companies approved without reservation are those from  the sectors of Commerce and Industry Bank (BCI), Angola Debt and Security Exchange (Bodiva), Benguela Railway, EP (CFB), Luanda Railway Firm, EP (CFL).

The list also covers Lobito Port Company, EP (EPLOB), National Airport and Exploration and Air Navigation Company, EP (ENANA and RECREDIT, SA.

The document, presented by IGAPE's Executive manager, Akiules de Jesus Neto, also mentions 39 companies that have seen their accounts with reservations.

They are sectors of Energy and Water (nine companies), Transports (nine), financial sector (Banking and Insurance) and Media (four).

There are also three linked to the mineral resources and Petroleum, including the oil Sonangol firm.  Agriculture and Telecommunications with two each.

Other sectors such as Public Administration, Secretariat of Cabinet Council (National Press), Commerce, National Defence,  Economy, Fisheries and Land Planning and Housing, with one each.

The public sector's report on financial year of 2018 stands at AKz 23.8 billion, accounted for 61% increase compared to previous year.

The mineral resources and oil, financial, energy and water sectors absorb about 86% of the total weight of assets.

The total value of subsidies IGAPE granted to companies amounts to AKz 29.9 million, with the Media sector raising 71%, while the subsidies attributed by the State amounted to AKz 24.8 million.

Tags Finances  

Read also
  • 21/11/2019 12:17:35

    Positive fiscal balances guarantee consolidation of business environment

    Luanda - Finance minister Vera Daves affirmed last Wednesday, in Luanda, that the guarantee and perpetuation of positive fiscal balances, underway in the country, will contribute to the consolidation of the country’s business environment and propitiate investments in the real economy.

  • 07/11/2019 12:04:20

    Internal audit strengthens public and private companies

    Luanda - The Finance and Treasury State secretary, Osvaldo João, declared on Wednesday that the creation of a strong and organised group of professional auditors will help public and private companies to be better prepared for the future.

  • 31/10/2019 13:26:47

    VAT import revenues stand at Akz 8 billion

    Luanda - The General Tax Department has announced 8.2 billion kwanzas as the value of revenues of the Value Added Tax (VAT) from 1 to 13 this month, two weeks after it has come into force.