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Timor-Leste
2009 
| 2008
Data Year
2009
Report Published
2010
Commodities
Condensate, LPG, Gas
Condensate, LPG, Gas
Current EITI Status
Compliant
Compliant
Report Quality Analysis
- Report covered data from 2009.
- The report published in 2010 improves on prior country reports. It is easily readable and includes company-by-company data.
- It shows zero discrepancies between company payments and government receipts. Future reports could improve further by providing production data and revenue figures for gas and oil separately.
- The report contains no materiality clause, but covers all companies and revenue streams.
- There is also no information on the required audit standards for data submitted by companies or government, though this can be found in the validation report.
- All petroleum revenues go into Timor-Leste's Petroleum Fund, and the latest EITI report provides a very useful reconciliation of differences between the revenue figures from the Fund and the EITI figures.
Report Compiled by Deloitte
EITI report Download PDF
Source laohamutuk.org
Company Payments
$1,763,889,995
Government Receipts
$1,763,889,995
GDP, 2009 BILLION $ source
0.56
Total Government Revenue (% of GDP)
346.95
Reported EI Revenue
(% of Total Revenue)
91.44
Report Quality Indicators | ||
1. Regularity | ||
| a) score | 0.25 | |
| b) total reports / implementing years | 2/8 | |
2. Timeliness | ||
| Lag between fiscal year of data and publication year. | 2 | |
3. Materiality | ||
| Report clearly defines a materiality threshold. | No | All petroleum revenues included, but materiality clause not provided. |
4. Data Reliability | ||
| Report contains audited data from: | ||
| a) companies | Yes | per Validation Report |
| b) government | Yes | per Validation Report |
5. Coverage | ||
| Revenue data includes the following revenue streams: | ||
| a) royalties | Yes | Royalties aggregated with profit oil. |
| b) taxes | Yes | |
| c) surface, rental or license fees | Yes | |
| d) bonuses | N/A | |
| e) state-owned enterprise (SOE) payments | N/A | Timor Leste had no SOE in 2009. |
| f) Report covers all extractive sector companies. | Yes | |
| g) Report states the price of any product received or sold by government. | No | |
| h) Report states the quantity of resources produced. | No | |
6. Discrepancies | ||
| Report contains: | ||
| a) information on the cause of revenue discrepancies. | Yes | |
| b) reconciled data following the correction of discrepancies. | Yes | All discrepancies were reconciled. |
7. SOE Revenue Flow | ||
| SOE Revenue Flow data is clearly explained in the report. | N/A | Timor Leste had no SOE in 2009. |
8. Disaggregation | ||
| Report provides financial data on individual: | ||
| a) companies | Yes | |
| b) revenue streams | Yes | Royalties aggregated with profit oil and thus could not be considered separately. |
| c) projects | No | |
| d) commodities | No | Report does not provide separate oil and gas numbers. |
9. Comprehensibility | ||
| Report contains: | ||
| a) a summary with key findings and revenue totals | No | |
| b) clear indication of what currencies and units of measurement are used | Yes | |
| c) written explanation of key findings and recommendations | Yes | |
| d) a clear definition of terms | Yes | |
10. Accessibility | ||
| Report is available: | ||
| a) in at least one official language | Yes | Portuguese (official language) and English, but not Tetum. |
| b) on a government website | Yes | |
Related Indicators | ||
| Revenue Watch Index, 2010 | 70.5 | |
| Corruption Perception Index, 2010 | 127/178 | |
| Open Budget Survey, 2010 | 34 | |
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