FINANCIAL STATEMENT OF NIGERIA PORTS AUTHORITY YEAR 2016 BUDGET DESCRIPTION 2016 ANNUAL FORECAST =N’000 REVENUE: OPERATIONAL REVENUE 156,993,279 ADMINISTRATIVE REVENUE 46,752,258 TOTALLY INTERNALLY GENERATED REVENUE 203,745,537 INCOME FROM OTHER SOURCES 12,617,857 GROSS REVENUE FOR THE YEAR 216,363,394 WAIVERS, REBATES, VOLUME CHANGE AND OTHER DEDUCTIONS (15,217,140) NET REVENUE FOR THE YEAR 201,146,254 EXPENDITURE LIMITED TO (75% of (Projected Revenue) 150,859,691 OPERATING EXPENSES: PERSONNEL 28,275,110 TOWAGE AND SUPPLIES 8,875,666 REPAIRS & MAINTENANCE 995,112 ADMINISTRATIVE EXPENSES 29,747,141 TOTAL RECURRENT EXPENDITURE 67,853,069 CAPITAL EXPENDITURE CAPITAL EXPENDITURE 83,091,101 TOTAL EXPENDITURE 150,944,170
FINANCIAL STATEMENT OF NIGERIA PORTS AUTHORITY YEAR 2016 BUDGET DESCRIPTION 2016 ANNUAL FORECAST =N’000 REVENUE: OPERATIONAL REVENUE ADMINISTRATIVE REVENUE TOTALLY INTERNALLY GENERATED REVENUE INCOME FROM OTHER SOURCES GROSS REVENUE FOR THE YEAR WAIVERS, REBATES, VOLUME CHANGE AND OTHER DEDUCTIONS NET REVENUE FOR THE YEAR 156,993,279 46,752,258 203,745,537 12,617,857 216,363,394 (15,217,140) 201,146,254 EXPENDITURE LIMITED TO (75% of (Projected Revenue) OPERATING EXPENSES: 150,859,691 PERSONNEL TOWAGE AND SUPPLIES 28,275,110 8,875,666 REPAIRS & MAINTENANCE ADMINISTRATIVE EXPENSES 995,112 29,747,141 TOTAL RECURRENT EXPENDITURE 67,853,069 CAPITAL EXPENDITURE CAPITAL EXPENDITURE 83,091,101 TOTAL EXPENDITURE 150,944,170
NPA-2016-Budget.docx