Act No. 128/An/16/7Th Approving The Financial Accounts For The Fiscal Year 2013 Of Djibouti Telecom.

Original Language Title: Loi N° 128/AN/16/7ème L portant approbation des comptes financiers pour l'exercice 2013 de Djibouti Télécom.

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Act No. 128/AN/16/7th L approving the financial accounts for the 2013 fiscal year of Djibouti Télécom.


VU The Constitution of 15 September 1992;
VU Law No. 13/AN/98/4 L of 11 March 1998 on Post and Telecommunications Sector Reform;
VU Decree No. 99/0178/PR/MCCPT of 20 November 1999 concerning the initial status of Djibouti Télécom;
VU Decree No. 2012-240/PR/MCCPT of 4 November 2012 appointing members of the Board of Directors of the public enterprise “from Djibouti Télécom SA”;
VU Decree No.2016-109/PRE of 11 May 2016 appointing the Prime Minister;
VU Order No.2016-110/PRE of 12 May 2016 appointing members of the government;
VU Order No.2015-230/PR/MCPT dated 06 August 2015 confirming the Director General of Djibouti Télécom SA;
VU The final report of the External Auditors for the fiscal year ended 31-12-2013;
VU Circular n°201/PAN dated 26/06/2016 convening the fifth public session of the 1st Ordinary Session of the Year 2016;

The Council of Ministers heard in its meeting on 12 January 2016.

Article 1: The financial statements of Djibouti Télécom SA for the fiscal year ended 31 December 2013, presented to the Council of Ministers by the Minister of Communications, responsible for the Posts and Telecommunications, are arrested and approved, for the amounts in Djibouti francs below:
Balance at 31.12.13
Net assets
Assets immobilized 25.541.587.730
Circulating assets 11.011.996.393
Active regularization accounts 391.687.212
Total Active 36.945.271.335
Total equity
Investment Grants 568.707.200
Total provisions for risks and expenses 1.003.468.680
Total debts 17.696.636.339
Passive regularization accounts 1.440.367.737
Total Liabilities and Capitaux Propres 36.945.271.335
Results accounts
Total Operating Products 14.975.949.944
Total operating expenses 13.250.830.882
Operating result 1.725.146.062
Financial performance 605.981.242
Current income before tax
Exceptional result 311.261.736
Income tax 357.606.639
Net 1.072.819.917

Article 2: This law will be enforced as a state law.

Done in Djibouti on 16/07/2016

President of the Republic,
Head of Government