http://revenuewatch.org/EITIreports
Summary
Report Compiled by KPMG
EITI report Download PDF
Source itie-bf.gov.bf
Government Receipts
Company Payments
GDP, 2009
BILLION US$
source
Total Government Revenue (% of GDP)
Reported EI Revenue (% of Total Revenue)
Report Quality Indicators | ||
1. Regularity | ||
a) score | .50 | |
b) total reports / implementing years | 1/2 | |
2. Timeliness | ||
Lag between fiscal year of data and publication year. | 2 | |
3. Materiality | ||
Report clearly defines a materiality threshold. | Yes | Companies are required to report if they were in the exploitation phase in 2008 or 2009 and had "attained the materiality threshold of 50 million FCFA." It is not clear if this number refers to company profits, payments to the government, or some other measurement of significance. |
4. Data Reliability | ||
Report contains audited data from: | ||
a) companies | Yes | |
b) government | Yes | |
5. Coverage | ||
Revenue data includes the following revenue streams: | ||
a) royalties | Yes | |
b) taxes | Yes | |
c) surface, rental or license fees | Yes | |
d) bonuses | No | |
e) state-owned enterprise (SOE) payments | Yes | The state owns a 10% of each company included. |
f) Report covers all extractive sector companies. | Yes | 4/4 companies that met the materiality threshold in 2009 reported. Only one company was required to report in 2008, and did. It is unclear why just one company (SOMITA) met the materiality threshold in 2008 as several other gold mining companies produced more. |
g) Report states the price of any product received or sold by government. | Yes | Gold prices are listed, however, it is not clear that the government received gold in-kind. |
h) Report states the quantity of resources produced. | Yes | Project-by-project production totals are included. |
6. Discrepancies | ||
Report contains: | ||
a) information on the cause of revenue discrepancies. | Yes | |
b) reconciled data following the correction of discrepancies. | No | |
7. SOE Revenue Flow | ||
SOE Revenue Flow data is clearly explained in the report. | No | |
8. Disaggregation | ||
Report provides financial data on individual: | ||
a) companies | Yes | |
b) revenue streams | Yes | |
c) projects | Yes | Only because each company only operates a single project. |
d) commodities | Yes | The report only includes revenues from a single commodity - gold. |
9. Comprehensibility | ||
Report contains: | ||
a) a summary with key findings and revenue totals | Yes | |
b) clear indication of what currencies and units of measurement are used | Yes | |
c) written explanation of key findings and recommendations | Yes | |
d) a clear definition of terms | Yes | |
10. Accessibility | ||
Report is available: | ||
a) in at least one official language | Yes | |
b) on a government website | Yes | |
Related Indicators | ||
Revenue Watch Index, N/A | N/A | |
Corruption Perception Index, 2010 | 98/178 | |
Open Budget Survey, 2010 | 5 |
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