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Revenues and Allocations Table 2005
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2006
2007 
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| | 69,907,767 | 17,177,203 | 15,449,506 | 15,530,655 | 15,107,528 | 133,172,659 | 
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| Credits | | | | | | | Royalties | 134,552,267 | 38,359,058 | 59,921,151 | 73,016,427 | 93,018,637 | 398,867,539 | Dividends | | | 528,010 | | | 528,010 | Share Premiums 2 | 11,859,909 | | 4,658,085 | | 5,471,744 | 21,989,738 | Taxes 2 | | | 3,430,722 | | 686,144 | 4,116,866 | Others 3 | 149,262 | 119,685 | 145,379 | 143,677 | 168,262 | 726,265 | Debits | | | | | | | Transfers to FGF | 9,400,000 | 5,320,688 | 5,835,835 | 6,812,638 | 8,834,686 | 36,203,846a | Fees 4 | | 2,917 | 8,751 | 8,751 | 8,751 | 29,170 | Debt Service Provision5 | 15,373,934 | | | 181,245b | -2,554,579c | 13,000,600 | Transfers to Chad 6 | 84,602,728 | 48,317,348 | 52,279,000 | 60,878,000 | 60,993,388 | 307,070,464 | 
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| Transfers to Chad | 84,602,728 | 48,317,348 | 52,279,000 | 60,878,000 | 60,993,388 | 307,070,464 | Priority Sectors | 67,682,182 | 38,653,878 | 41,823,200 | 48,702,400 | 48,794,710 | 245,656,371 | General Budget | 12,690,409 | 7,247,602 | 7,841,850 | 9,131,700 | 9,149,008 | 46,060,569 | Oil Producing Region | 4,230,136 | 2,415,867 | 2,613,950 | 3,043,900 | 3,049,699 | 15,353,522 | 
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Updated on February 23, 2006.
1 | Exports are not identical to production due to amounts being stocked, or in transit. Since deposits in the escrow accounts are directly linked to export sales, we have chosen to give export figures in this table. Sales of monthly exports were paid into the escrow accounts the following month. These figures update previously posted figures. Source: Consortium's "Semi-Annual Report to the Lenders," December 31, 2005. | 2 | Although share premiums and corporate taxes are not subject to the rules that govern the direct revenues’ allocations, and under Chad's Petroleum Revenue Management Law are to be transferred directly to the Treasury, they are provided here for transparency. | 3 | Cash balances of the escrow accounts are placed in investment accounts, also at Citibank. Interest earned from these accounts, as well as interest on the debt service accounts, returns to Chad. | 4 | Includes Citibank legal and administrative fees. | 5 | Provisions for IBRD and EIB debt have been set aside in a Citibank account. This line represents the balance of debt service accounts in the escrow system. The first IBRD reimbursement of $3.05 million was made Dec. 15, 2005. The first EIB payment will be made in Dec. 2006. | 6 | Transfer amounts may be larger than credits for the given period if balance from previous period permits. | 7 | Exchange rates: 2003-2004 cum.: $1=497CFA. 2005-Q1: $1=495CFA. Q2: $1=514CFA. Q3: $1=537 CFA. Q4: $1=540CFA | | a | This total was transferred to Chad on January 20, 2006, after the Revenue Management Law was modified. | | b | Adjustment made to take into account that the IBRD loan was finally disbursed at $37.2 million instead of $39.5 million. | c | Represents first reimbursement on the IBRD loan (-$3,052,945) and $498,366 in provisions for next reimbursement payment. |
SOURCES: Exports: Chad Ministry of Petrol, Esso; Escrow Accounts:Citibank; Other: Chad Ministry of Finance.
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