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MarketScreener Homepage  >  Equities  >  Xetra  >  Allianz SE    ALV   DE0008404005

ALLIANZ SE

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Allianz : Revenue shared to FG, States, councils shrinks

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10/18/2019 | 01:15am EST

AGF, Mr Ahmed Idris: Money shared to FG, states, councils shrinks The Federation Account Allocation Committee (FAAC) on Thursday in Abuja, shared a total of N693.529 billion to the three tiers of government for the month of September, 2019. The N693.529 billion comprised revenue from Value Added Tax(VAT), Exchange Gain and Gross Statutory Revenue in the month. A communique read by the Accountant General of the Federation (AGF) Mr Ahmed Idris, confirmed that the gross statutory revenue for the month of September was N599.701billion.

The amount was less than the N631.796 billion received in the previous month by N32.095 billion.For the month, gross revenue of N92.874 billion was generated from VAT as against N88.082 billion distributed in the previous month, indicating an increase of N4.792 billion.

According to the communique, N0.954 billion was also realised from Exchange Gain for the month. A breakdown of the allocation showed that from the total revenue of N693.529 billion shared, the Federal Government received N293.801 billion, the States received N186.816 billion, and the Local Government Council received N140.864 billion.

The Oil Producing States shared N51.532 billion as 13 per cent derivation, while the Revenue Generating Agencies received N20.517 billion as cost of revenue collection. The communique also stated that in September 2019, revenue from Petroleum Profit Tax (PPT) and Company Income Tax (CIT) decreased while Royalties, Import and Excise Duties and Value Added Tax increased considerably.

However, the AGF said that as at Oct. 17, the balance in the Excess Crude Account was $323.692million

© Pakistan Press International, source Asianet-Pakistan

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Financials (EUR)
Sales 2019 137 B
EBIT 2019 11 817 M
Net income 2019 7 880 M
Debt 2019 22 952 M
Yield 2019 4,40%
P/E ratio 2019 11,6x
P/E ratio 2020 10,8x
EV / Sales2019 0,81x
EV / Sales2020 0,78x
Capitalization 88 777 M
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Average target price 233,95  €
Last Close Price 217,10  €
Spread / Highest target 19,8%
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Michael Diekmann Chairman-Supervisory Board
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