Annual general report of the controller and - Parliament of Tanzania

S/N Name of
The PA&oBs
1. National
Insurance
Corp.
2. State Mining
Audited
Accounts
Date
31 Dec
2007
Total Gvt.
investment
Shs
Gvt.
Ownership
%
The Government should speed up the process of
restructuring PA&oBs in question.
12.1.5 Public Authority undergoing winding up process
Our review of the Treasury Registrar’s statement of
Government investment noted that the Tanzania Hotels
Investment Co. Ltd (TAHI) can not settle its short and
long term liabilities and is subject to windup process. The
Tanzania Hotels Investment Co. Ltd (TAHI) owned 100% by
the Government operates under negative investment of
Shs. 12,506,598,308 according to the annual Treasury
Registrar’s statement of investment. All subsidiary
companies have already been divested under the
Consolidated Holding Company.
12.2 PA&oBs Sector Reform Commission (PSRC)
Remarks
55,448,880,000 100 Under
Restructuring
31 Dec 297,658,671 100 to be an Executive
Corporation 2007
Agency
3. Tanzania 30-Jun- 9,069,370,881 100 Undergoing
Cotton Lint 06
restructuring
& Seed
/To be a
Board
Regulatory
Body
4. Tanzania 31-Dec- 5,859,227,000 45.3 To be
Postal Bank 06
restructured
Total 70,675,136,552
12.2.1. Outstanding Debtors and Prepayments-Shs.
7,424,072,923
The PSRC outstanding debtors as at 31.12.2007 was
Shs.7,424,072,923, the debt circularisation was done to
the selected sample of 27 debtors to confirm their
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Office of the Controller and Auditor General PA&oBs 2007/08 220