2024-01-27 10:55:00
L’ANGSPE brought together representatives of Public Establishments and Enterprises (EEP) falling within its scope to launch the project to consolidate the accounts of the State shareholder in international IFRS standards (International Financial Reporting Standards).
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Held at the Center for Electricity Sciences and Techniques (CSTE) of theNational Office of Electricity and Drinking Water (ONEE)this inaugural meeting was an opportunity to present the broad outlines of the implementation of this structuring project for theState shareholderwith the participation of the specialized firm and in the presence of those responsible for EEP in charge of finance and accounting, indicates the Agency in a press release.
The strategic management of EEPs and the monitoring of their performance constitute the basis of a profound reform of the public sector, in accordance with High Royal Instructions contained in the speeches of His Majesty the King of July 29, 2020 on the occasion of the Feast of the Throne and from October 9, 2020 to Parliament on the occasion of the opening of the 1st session of the 5th legislative year of the 10th legislature, said the same source, emphasizing that one of the levers of this performance monitoring is the production of consolidated accounts of the State shareholder.
Thus, according to article 5 of Law No. 82-20 creating the ANGSPE, an important mission of the National Agency is to prepare “consolidated financial statements of the State shareholder giving a faithful image on the assets and liabilities of public establishments and enterprises, their financial situation and their results.
This financial consolidation as a complex process of standardized grouping of the financial statements of several entities aims to present in a consolidated manner the financial situation, operational performance and cash flows of the 57 public establishments and companies falling within the scope of the ANGSPE. The objective of this approach is to offer a global and transparent reading of the different components of the consolidated financial health of the perimeter and to provide the EEPs with a system allowing them to strengthen the management of their activities while promoting the capacity to fundraising particularly internationally.
To carry out the consolidation exercise, ANGSPE opted for the international IFRS framework which promotes better monitoring of EEP activities and offers reliability and credibility to international partners. This framework has also already been adopted by part of the portefeuille ANGSPE (OCP, RAM, TMSA, CAM, CDG, ABB, etc.)
The Director General of ANGSPE, Abdellatif Zaghnoununderlined on this occasion that “by launching this financial consolidation project, we affirm our commitment to financial excellence and our determination to build a solid financial future for public establishments and enterprises“. And note that “the success of this project undeniably relies on the availability and responsible responsiveness of everyone. Unfailing commitment and the ability to act promptly in the face of challenges that may emerge are crucial levers for achieving our common objectives.”
This meeting, which brought together nearly a hundred people, was attended by the Director General of ONEE, Abderrahim El Hafidifrom the Chairman of the Management Board Al Omrane, Housni El Ghazaouithe Director General of the National Ports Agency (ANP), Nadia Larakiand the Advisor to the Minister of Economy and Finance, Amina Benjelloun.
The ANGSPE’s mission is to ensure the property interests of the State shareholder, to manage its holdings and to ensure the monitoring and assessment of the performance of 57 EEPs. The Agency’s contribution to public sector reform includes sizing the sector, supervising its expansion, strengthening its capacities, as well as modernizing its governance, performance and control.
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