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AKWA IBOM STATE CHART OF ACCOUNT 2019
ADMINISTRATION
AKS INVESTMENT CORPORATION
  ADMINISTRATIVE    ECONOMIC    FUNCTIONAL    PROGRAMME    FUND    GEO CODE                                   DESCRIPTION                                    APPROVED   
 BUDGET 
2019
 APPROVED 
 PROVISION 
2018
011101200100            AKS INVESTMENT CORPORATION5,280,428,840.00 5,224,406,520.00
011101200100  12021110  00000  00000000000000  02101  50323109   TOTAL REVENUE51,000,000.00 145,000,000.00
            OFFICE OF THE CHAIRMAN51,000,000.00145,000,000.00
011101200101  12020700  00000  00000000000000  02101  50323109   Earning - General 1,000,000.00 1,000,000.00
011101200101  12020728  00000  00000000000000  02101  50323109   Workshops, Investment Promotion and Exhibition 1,000,000.00 1,000,000.00
011101200101  12020400  00000  00000000000000  02101  50323109   Fees 2,000,000.00 2,000,000.00
011101200101  12020449  00000  00000000000000  02101  50323109   Procesing Fees in Privatized Companies 2,000,000.00 2,000,000.00
011101200101  12021100  00000  00000000000000  02101  50323109   Investment Income 48,000,000.00 142,000,000.00
011101200101  12021104  00000  00000000000000  02101  50323109   Dividends from Government investments - Champion Breweries1,000,000.00 1,000,000.00
011101200101  12021105  00000  00000000000000  02101  50323109   Dividends from Government investments - Anchor Insurance45,000,000.00 40,000,000.00
011101200101  12021106  00000  00000000000000  02101  50323109   Dividends from Government investments - Akwa Savings and Loans Ltd  1,000,000.00
011101200101  12021107  00000  00000000000000  02101  50323109   Dividends from Government investments - Le Meridian Ltd  10,000,000.00
011101200101  12021109  00000  00000000000000  02101  50323109   Investment Income on Shares of Quoted Companies2,000,000.00 70,000,000.00
011101200101  12021110  00000  00000000000000  02101  50323109   Revenue to IPC Ltd  20,000,000.00
                  RECURRENT EXPENDITURE220,428,840.00 224,406,520.00
            PERSONNEL COST96,828,840.00 100,806,520.00
011101200101            OFFICE OF THE CHAIRMAN5,197,707,280.00 5,137,293,030.00
            PERSONNEL COST14,107,280.00 13,693,030.00
011101200101  21010000  70131  00003000010100  02101  50323109   SALARIES AND WAGES14,107,280.00 13,693,030.00
011101200101  21010001  70131  00003000010101  02101  50323109   Basic Salaries  1,835,730.00 1,462,440.00
011101200101  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  1,149,450.00 1,149,450.00
011101200101  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  183,570.00 146,240.00
011101200101  21010006  70131  00003000010106  02101  50323109   Domestic Servant  1,425,330.00 1,425,350.00
011101200101  21010011  70131  00003000010111  02101  50323109   Responsibility Allowance  153,200.00 149,550.00
011101200101  21010026  70131  00003000010126  02101  50323109   Corpers Allowance  720,000.00 720,000.00
011101200101  21010028  70131  00003000010128  02101  50323109   Chairman and Board Member  8,640,000.00 8,640,000.00
            OVERHEAD COST123,600,000.00 123,600,000.00
011101200101  22020200  70133  00002000000200  02101  50323109   UTILITIES7,000,000.00 7,000,000.00
011101200101  22020201  70133  00002000000201  02101  50323109   Electricity Charges2,000,000.00 2,000,000.00
011101200101  22020202  70133  00002000000202  02101  50323109   Telephone Charges5,000,000.00 5,000,000.00
011101200101  22020100  70133  00002000000100  02101  50323109   TRAVEL AND TRANSPORT8,000,000.00 8,000,000.00
011101200101  22020102  70133  00002000000102  02101  50323109   Local Travel and Transport : Others8,000,000.00 8,000,000.00
011101200101  22020300  70133  00002000000300  02101  50323109   MATERIALS AND SUPPLIES7,000,000.00 7,000,000.00
011101200101  22020301  70133  00002000000301  02101  50323109   Office Stationery / Computer Consumables6,000,000.00 6,000,000.00
011101200101  22020304  70133  00002000000304  02101  50323109   Magazine and Periodicals for (Protocol)Directorate1,000,000.00 1,000,000.00
011101200101  22020400  70133  00002000000400  02101  50323109   MAINTENANCE REPAIRS AND SERVICES10,000,000.00 10,000,000.00
011101200101  22020401  70133  00002000000401  02101  50323109   Maintenance of Motor Vehicle / Transport Equipment6,000,000.00 6,000,000.00
011101200101  22020404  70133  00002000000404  02101  50323109   Maintenance of Office / IT Equipment4,000,000.00 4,000,000.00
011101200101  22020500  70133  00002000000500  02101  50323109   TRAINING AND STAFF DEVELOPMENT3,000,000.00 3,000,000.00
011101200101  22020501  70133  00002000000501  02101  50323109   Local Training2,000,000.00 2,000,000.00
011101200101  22020503  70133  00002000000503  02101  50323109   Workshop / Seminar / Conferences1,000,000.00 1,000,000.00
011101200101  22040100  70133  00002000001500  02101  50323109   LOCAL GRANTS AND CONTRIBUTIONS1,200,000.00 1,200,000.00
011101200101  22040101  70133  00002000001501  02101  50323109   Grant to State Governement : Current1,200,000.00 1,200,000.00
011101200101  22020700  70133  00002000000700  02101  50323109   CONSULTANCY AND PROFESSIONAL SERVICES5,000,000.00 5,000,000.00
011101200101  22020703  70133  00002000000703  02101  50323109   Legal Services5,000,000.00 5,000,000.00
011101200101  22021100  70133  00002000001100  02101  50323109   ENTERTAINMENT AND HOSPITALITY7,000,000.00 7,000,000.00
011101200101  22021101  70133  00002000001101  02101  50323109   Entertainment at Meetings7,000,000.00 7,000,000.00
011101200101  22021000  70133  00002000001000  02101  50323109   MISCELLANEOUS EXPENSES - GENERAL10,000,000.00 10,000,000.00
011101200101  22021004  70133  00002000001004  02101  50323109   Medical Expenses : Local1,500,000.00 1,500,000.00
011101200101  22021013  70133  00002000001013  02101  50323109   Promotion (Service Wide)3,500,000.00 3,500,000.00
011101200101  22021021  70133  00002000001021  02101  50323109   Office and General5,000,000.00 5,000,000.00
011101200101  22020600  70133  00002000000600  02101  50323109   OTHER SERVICES65,400,000.00 65,400,000.00
011101200101  22020602  70133  00002000000602  02101  50323109   Office Rent5,000,000.00 5,000,000.00
011101200101  22020606  70133  00002000000606  02101  50323109   Internal Audit Expenses2,000,000.00 2,000,000.00
011101200101  22020608  70133  00002000000608  02101  50323109   Special Assistant on Protocol5,000,000.00 5,000,000.00
011101200101  22020610  70133  00002000000610  02101  50323109   Other Services53,400,000.00 53,400,000.00
            CAPITAL EXPENDITURE5,060,000,000.00 5,000,000,000.00
011101200101  31090100  70112  00120001340100  03101  50323109   EQUITY PARTICIPATION IN STRATEGIC CORE BUSSINESS VENTURE3,000,000,000.00 3,000,000,000.00
011101200101  31090102  70112  00120001340111  03101  50323109   Re-Capitalization of Anchor Insurance Ltd1,000,000,000.00 3,000,000,000.00
011101200101  33010121  70130  00120001340115  03101  50323105   Equity Participation in Strategic Business Ventures          
011101200101  31090100  70470  00120001340116  03101  50320707   Capital Restructuring at Peacock Industries Ltd500,000,000.00 
011101200101  31090100  70470  00120001340117  03101  50323105   Equity Participation in core government investment1,500,000,000.00 
011101200101  32020300  70435  00140001920100  03101  50323109   INDEPENDENT POWER PLANT PROJECT (PHASE I & II)/ POWER DISTRIBUTION108,000,000.00 78,000,000.00
011101200101  32020305  70435  00140001920103  03101  50323109   BVN Engr. Consult (outstanding power valuation expenses)108,000,000.00 78,000,000.00
011101200101  33010100  70131  00050002510100  03101  50323109   OTHER ACTIVITIES OF AKICORP1,952,000,000.00 1,922,000,000.00
011101200101  33010109  70131  00050002510103  03101  50323109   TV and Radio Entrepreneurship programme20,000,000.00 20,000,000.00
011101200101  33010114  70130  00050002510104  03101  50323109   Internet Provision20,000,000.00 20,000,000.00
011101200101  32010518  70130  00050002510105  03101  50323109   Intranet Provision15,000,000.00 15,000,000.00
011101200101  32010518  70130  00050002510106  03101  50323109   Intercom Development20,000,000.00 20,000,000.00
011101200101  32010501  70130  00050002510107  03101  50323109   Acquisition of new computers for Directors and Desk Officers15,000,000.00 15,000,000.00
011101200101  32010601  70130  00050002510108  03101  50323109   Office Furniture and Fitting50,000,000.00 50,000,000.00
011101200101  33010112  70130  00050002510109  03101  50323109   Consultancy for Feasibility Studies20,000,000.00 20,000,000.00
011101200101  33010112  70130  00050002510110  03101  50323109   Consultancy for Equipment Verification20,000,000.00 20,000,000.00
011101200101  33010112  70130  00050002510111  03101  50323109   Consultancy for Due deligence30,000,000.00 30,000,000.00
011101200101  33010121  70130  00050002510112  03101  50323109   Litigation expenses30,000,000.00 30,000,000.00
011101200101  32010605  70130  00050002510113  03101  50323109   Library Development10,000,000.00 10,000,000.00
011101200101  33010113  70130  00050002510114  03101  50323109   Documentation/Reporting20,000,000.00 20,000,000.00
011101200101  33010113  70410  00050002510115  03101  50323109   Printing of Promotional Materials10,000,000.00 7,000,000.00
011101200101  33010113  70410  00050002510116  03101  50323109   Corporate Profile10,000,000.00 10,000,000.00
011101200101  32010608  70410  00050002510117  03101  50323109   DVDS500,000.00 500,000.00
011101200101  33010113  70410  00050002510118  03101  50323109   Research20,000,000.00 20,000,000.00
011101200101  33010113  70410  00050002510119  03101  50323109   Publications of Journals10,000,000.00 10,000,000.00
011101200101  43030100  70480  00050002510120  03101  50323105   Publication of AKICORP Investment Series Booklet (Vol.2)20,000,000.00 
011101200101  43030100  70410  00050002510121  03101  50323105   Entrepreneurship & Investment Promotion (Pioneer Neswpapers & Other Newspapers)6,000,000.00 
011101200101  43030100  70410  00050002510122  03101  50323105   Payment of Liability for Website Development21,000,000.00 
011101200101  33010113  70133  00110002510105  03101  50323109   Database10,000,000.00 10,000,000.00
011101200101  32010405  70112  00120002510101  03101  50323109   Purchase of 1No. 18 seater bus30,000,000.00 30,000,000.00
011101200101  32010405  70112  00120002510102  03101  50323109   Purchase of 5No. utility vehicles (Toyota Corolla)100,000,000.00 100,000,000.00
011101200101  33010121  70112  00120002510111  03101  50323109   Entrepreneurial Finance arrangement AKSG / BOI MSME Development (Counterpart) Fund1,000,000,000.00 1,000,000,000.00
011101200101  33010110  70112  00120002510113  03101  50323109   Participation in Foreign Trade Missions and Exhibitions150,000,000.00 150,000,000.00
011101200101  33010110  70112  00120002510115  03101  50323109   Sensitization Workshops / Seminars80,000,000.00 100,000,000.00
011101200101  33010110  70112  00120002510116  03101  50323109   Monthly Business/Entrepreneurship clinic12,000,000.00 12,000,000.00
011101200101  32010517  70133  00120002510117  03101  50323109   Purchase of 1No. Digital Camera2,500,000.00 2,500,000.00
011101200101  33010109  70112  00120002510118  03101  50323109   Staff Training/Capacity Building100,000,000.00 100,000,000.00
011101200101  32010405  70112  00120002510119  03101  50323109   Purchase of 5No.Utility Vehicles (Hilux Van)100,000,000.00 100,000,000.00
011101200103            BUDGET FINANCE AND ACCOUNT DEPARTMENT8,097,560.00 10,123,340.00
            PERSONNEL COST8,097,560.00 10,123,340.00
011101200103  21010000  70131  00003000010100  02101  50323109   SALARIES AND WAGES8,097,560.00 10,123,340.00
011101200103  21010001  70131  00003000010101  02101  50323109   Basic Salaries  3,545,990.00 4,243,190.00
011101200103  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  2,771,640.00 3,361,010.00
011101200103  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  354,600.00 424,320.00
011101200103  21010006  70131  00003000010106  02101  50323109   Domestic Servant  1,425,330.00 855,210.00
011101200104            PROJECT IMPLEMENTATION SUPERVISION DEPARTMENT6,771,240.00 6,612,680.00
            PERSONNEL COST6,771,240.00 6,612,680.00
011101200104  21010001  70131  00003000010101  02101  50323109   Basic Salaries  2,740,460.00 2,472,470.00
011101200104  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  2,046,330.00 2,024,210.00
011101200104  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  274,050.00 247,250.00
011101200104  21010006  70131  00003000010106  02101  50323109   Domestic Servant  1,710,400.00 1,140,280.00
011101200105            INVESTMENT PROMOTION AND APPRAISAL DEPARTMENT14,598,160.00 15,859,140.00
            PERSONNEL COST14,598,160.00 15,859,140.00
011101200105  21010001  70131  00003000010101  02101  50323109   Basic Salaries  6,151,340.00 5,776,140.00
011101200105  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  4,695,960.00 4,351,700.00
011101200105  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  615,130.00 577,610.00
011101200105  21010006  70131  00003000010106  02101  50323109   Domestic Servant  3,135,730.00 3,420,840.00
011101200106            PROTOCOL AREA AND PUBLIC RELATIONS UNIT DEPARTMENT1,391,930.00 1,462,850.00
            PERSONNEL COST1,391,930.00 1,462,850.00
011101200106  21010001  70131  00003000010101  02101  50323109   Basic Salaries  754,210.00 773,150.00
011101200106  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  562,300.00 612,390.00
011101200106  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  75,420.00 77,310.00
011101200107            LIBRARY AND PLANNING RESEARCH AND STATISTICS DEPARTMENT16,917,630.00 11,037,240.00
            PERSONNEL COST16,917,630.00 11,037,240.00
011101200107  21010001  70131  00003000010101  02101  50323109   Basic Salaries  8,198,400.00 4,860,630.00
011101200107  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  7,024,190.00 3,821,800.00
011101200107  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  819,840.00 486,060.00
011101200107  21010005  70131  00003000010105  02101  50323109   Non - Accident Bonus  20,000.00 
011101200107  21010006  70131  00003000010106  02101  50323109   Domestic Servant  855,200.00 1,140,280.00
011101200108            OFFICE OF THE EXECUTIVE DIRECTOR (MANAGEMENT SERVICES)3,651,010.00 3,721,800.00
            PERSONNEL COST3,651,010.00 3,721,800.00
011101200108  21010001  70131  00003000010101  02101  50323109   Basic Salaries  1,516,800.00 1,466,590.00
011101200108  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  1,127,330.00 1,127,330.00
011101200108  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  151,680.00 146,560.00
011101200108  21010006  70131  00003000010106  02101  50323109   Domestic Servant  855,200.00 855,210.00
011101200109            OFFICE OF THE EXECUTIVE DIRECTOR (OPERATIONS)3,867,910.00 3,935,380.00
            PERSONNEL COST3,867,910.00 3,935,380.00
011101200109  21010001  70131  00003000010101  02101  50323109   Basic Salaries  1,624,660.00 1,545,650.00
011101200109  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  1,225,580.00 1,225,580.00
011101200109  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  162,470.00 154,560.00
011101200109  21010006  70131  00003000010106  02101  50323109   Domestic Servant  855,200.00 855,210.00
011101200110            INTERNAL AUDIT DEPARTMENT5,089,720.00 2,992,130.00
            PERSONNEL COST5,089,720.00 2,992,130.00
011101200110  21010001  70131  00003000010101  02101  50323109   Basic Salaries  2,006,320.00 1,418,860.00
011101200110  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  1,457,440.00 1,221,190.00
011101200110  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  200,630.00 141,890.00
011101200110  21010006  70131  00003000010106  02101  50323109   Domestic Servant  1,425,330.00 
011101200111            CORPORATE / LEGAL SERVICES4,285,660.00 4,526,420.00
            PERSONNEL COST4,285,660.00 4,526,420.00
011101200111  21010001  70131  00003000010101  02101  50323109   Basic Salaries  1,813,760.00 1,597,060.00
011101200111  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  1,435,320.00 1,435,320.00
011101200111  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  181,380.00 159,710.00
011101200111  21010006  70131  00003000010106  02101  50323109   Domestic Servant  855,200.00 855,210.00
011101200112            HUMAN RESOURCES AND GENERAL ADMIN10,154,790.00 17,184,260.00
            PERSONNEL COST10,154,790.00 17,184,260.00
011101200112  21010001  70131  00003000010101  02101  50323109   Basic Salaries  4,442,170.00 7,590,270.00
011101200112  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  3,558,010.00 6,247,550.00
011101200112  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  444,210.00 759,030.00
011101200112  21010006  70131  00003000010106  02101  50323109   Domestic Servant  1,710,400.00 855,210.00
011101200113            ENTREPRENEURSHIP AND BUSINESS DEVELOPMENT DEPARTMENT7,895,950.00 9,658,250.00
            PERSONNEL COST7,895,950.00 9,658,250.00
011101200113  21010001  70131  00003000010101  02101  50323109   Basic Salaries  3,022,770.00 3,698,140.00
011101200113  21010003  70131  00003000010103  02101  50323109   Consolidated Allowances  2,280,370.00 2,755,930.00
011101200113  21010004  70131  00003000010104  02101  50323109   Annual Leave Grant  302,280.00 369,810.00
011101200113  21010006  70131  00003000010106  02101  50323109   Domestic Servant2,290,530.00 1,710,420.00
                                                                                 
                        SUMMARY                  
                         Revenue    51,000,000.00145,000,000.00
                              Capital Receipts      
                              TOTAL    51,000,000.00145,000,000.00
    
                        Personnel Cost    96,828,840.00100,806,520.00
                         Overhead Cost    123,600,000.00123,600,000.00
                         Consolidated Revenue Charges    0.000.00
                         SUB-TOTAL    220,428,840.00224,406,520.00
                         Capital Expenditure    5,060,000,000.005,000,000,000.00
                         TOTAL AKS INVESTMENT CORPORATION    5,280,428,840.005,224,406,520.00
Akwa Ibom State 2019 Approved Budget