The report indicates that 125 extractive companies have made payments below the materiality threshold. We have considered those payments with unilateral disclosure from government agencies.
“The receipts reported by government agencies in respect of these companies amounted to USD2.12 million and represent 1.14% of the total extractive sector revenue declared by government agencies,” the report said.
The 6th EITI Report for Liberia, commissioned by the MSG in March 2015 and prepared by Moore Stephens (UK) in collaboration with Parker and Associates LLC, contains reconciled accounts of payments made to, and revenues received by the Government of Liberia from the oil, mining, forestry and agricultural companies during the Fiscal Year July 1, 2012 up to and including June 30, 2013.
The Report also shows that the extractive sectors contributed to 4.11% of the total employment in Liberia during the reporting period and as well recorded payment data of In-kind contributions made by extractive companies to the local communities and public institutions and tracked revenues from earmarked payments in various concessions agreements.
Alongside the 6th LEITI Report, the LEITI also launched reports from various studies/exercises recently commissioned by the MSG, including Beneficial Ownership Disclosure Exercise, Scoping Study in the Mining Sector and the simplified version of contracts in the extractive sectors.