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Democratic Republic of Congo
Summary
- The report demonstrates a sound approach to disagreggation. Readers can learn what individual companies pay for each revenue type (royalties, taxes, etc.), and which government agency receives the payments.
- With regard to mining, the report includes copper and cobalt which constitute only a portion of the DRC's rich and varied mineral sector.
- The report provides a materiality clause but it is vague Audit requirements should also be added, especially since the report indicates that companies are willing to provide audited data if required by law.
- The reconciliation of SOE payments is presented separately from the private company reconciliations. The report gives a clear sense of SOE flows and income in relation to the government receipts.
- The report mentions that the reconcilers received information on revenue streams that was not requested in the templates. This nevertheless could have been included.
Data Year
2007
Publication Year
2009
EITI Status
Candidate
Candidate
Report Compiled by PricewaterhouseCoopers SPRL
EITI report Download PDF
Source itierdc.org
Government Receipts
$416,300,000.00
Company Payments
$416,491,000.00
GDP, 2007
BILLION US$
source
10.03
Total Government Revenue (% of GDP)
16.96
Reported EI Revenue (% of Total Revenue)
24.48
Report Quality Indicators | ||
1. Regularity | ||
| a) score | 0.20 | |
| b) total reports / implementing years | 1/5 | |
2. Timeliness | ||
| Lag between fiscal year of data and publication year. | 2 | |
3. Materiality | ||
| Report clearly defines a materiality threshold. | Yes | All flows that are specific to the extractive sector or have a large impact on state revenue. |
4. Data Reliability | ||
| Report contains audited data from: | ||
| a) companies | No | Report states that companies are willing to submit audited data if required by law. |
| b) government | No | |
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 | |
| f) Report covers all extractive sector companies. | No | 26/27 companies reported. |
| g) Report states the price of any product received or sold by government. | No | |
| h) Report states the quantity of resources produced. | No | |
6. Discrepancies | ||
| Report contains: | ||
| a) information on the cause of revenue discrepancies. | Yes | |
| b) reconciled data following the correction of discrepancies. | Yes | |
7. SOE Revenue Flow | ||
| SOE Revenue Flow data is clearly explained in the report. | Yes | |
8. Disaggregation | ||
| Report provides financial data on individual: | ||
| a) companies | Yes | |
| b) revenue streams | Yes | |
| c) projects | No | |
| d) commodities | No | sector but not commodity |
9. Comprehensibility | ||
| Report contains: | ||
| a) a summary with key findings and revenue totals | No | |
| 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 | No | |
10. Accessibility | ||
| Report is available: | ||
| a) in at least one official language | Yes | |
| b) on a government website | Yes | |
Related Indicators | ||
| Revenue Watch Index, 2010 | 22.5 | |
| Corruption Perception Index, 2010 | 164/178 | |
| Open Budget Survey, 2010 | 6 | |
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