LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
AUDITED FINANCIAL STATEMENTS AND
INDEPENDENT AUDITORS' REPORT
31 DECEMBER 2021
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KU between the Royal Government of Cambodia
and the International Development Association
PROJECT INFORMATION
PROJECT MANAGEMENT: Ministry of Interior:
H.E Prak SamOeun, Project Director
Mr. Heng Sophat, Project Manager
Mrs. Mean Sambath, Finance Officer
Ministry of Agriculture, Forestry and Fisheries:
Mr. Mao Minea, Project Manager
Mrs. Chan Sreynhork, Finance Officer
Siem Reap Provincial Administration:
H.E Ly Samreth, Project Director
Mr. Sok Thol, Project Manager
Mrs. Khlok Sokuntheara, Finance Officer
Phnom Penh Capital Hall:
H.E Huot Hay, Project Director
Mr. Seng Vannak, Project Manager
Ms. Chhay Morokot, Finance Officer
IMPLEMENTING AGENCIES: Ministry of Interior
Ministry of Agriculture, Forestry and Fisheries
Siem Reap Provincial Administration
Phnom Penh Capital Hall
PRINCIPAL BANKER: National Bank of Cambodia
Acleda Bank Plc.
AUDITORS: BDO (Cambodia) Limited
LIVELIHOOD ENHANCENVENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KCH between the Royal Government of Cambodia
and the International Development Association
CONTENTS PAGE
PROJECT MANAGEMENT'S REPORT 1
INDEPENDENT AUDITORS' REPORT 2-3
STATEMENT OF FINANCIAL POSITION 4
STATEMENT OF SOURCES OF FUNDS AND EXPENDITURES 5
STATEMENT OF CASH RECEIPTS, EXPENDITURES AND COMPARISION OF 6-7
BUDGET AND ACTUAL AMOUNTS
STATEMENT OF DESIGNATED ACCOUNTS 8
NOTES TO THE FINANCIAL STATEMENTS 9-23
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF TIHE POOR PROJECT
Under the Financing Agreement Number 5960-1(H between the Rowl Government of Cambodia and
the International Detelopnent Association
PROJECT MANAGEMENT'S REPORT
The Project Management hereby submits the report together with the audited financial statements of
Livelihood Enhancement and Association of the Poor Project ("the Project"), which comprise statement
of financial position as at 31 December 2021, statement of sources of funds and expenditures, statement
of cash receipts, expenditures and comparison of budget and actual amounts and statement of designated
accounts, for the financial year ended 31 December 2021.
Responsibility of the Project Management in respect of the financial statements
The Project Management is responsible to ascertain that the financial statements of the Project for the
financial year ended 31 December 2021 are prepared, in all material respects, in accordance with the basis
of preparation and accounting policies set out in Note 2 to the financial statements. In preparing these
financial statements, the Project Management is required to select suitable accounting policies and then
apply them consistently.
The Project Management is responsible for ensuring that proper accounting records are kept which enable
the financial statements to be prepared in compliance with basis of preparation and accounting policies
set out in Note 2 to the financial statements. The Project Management is also responsible for safeguarding
the assets of the Project and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
The Project Management assumes the responsibility to provide, and has provided, the auditors with all
accounting records, supporting and other documents, minutes, and any other pertinent information and
explanations, either orally or in writing, necessary for the audit.
Statement by the Project Management
In the opinion of the Project Management, the financial statements set out on pages 4 to 23 are prepared,
in all material respects, in accordance with the basis of preparation and accounting policies set out in Note
2 to the financial statements4-
Signed on behalf of the Project Management,
H.E Prak SamOTun
Project Director
Ministry of Interior
Plnom Penh, Cambodia
Date: 28 June 2022
Tel: +855 23 218 128 Suite 28 Hotel Cainbodiana 2
Fax: +855 23 993 225 313 Sisowath Quay
www.bdo.coi.h Phnom Penh
Kingdom of Caimbodia
INDEPENDENT AUDITORS' REPORT TO THE PROJECT MANAGEMENT OF
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Report on the Financial Statements
Opinion
We have audited the financial statements of Livelihood Enhancement and Association of
the Poor Project ("the Project"), which comprise statement of financial position as at 31
December 2021, statement of sources of funds and expenditures, statement of cash
receipts, expenditures and comparison of budget and actual amounts and statement of
designated accounts, for the financial year ended 31 December 2021 and a summary of
significant accounting policies and other explanatory explanation, as set out on pages 4 to
23.
In our opinion, the accompanying financial statements of the Project for the financial year
ended 31 December 2021 are prepared, in all material respects, in accordance with the
basis of preparation and accounting policies set out in Note 2 to the financial statements.
Basis for Opinion
We conducted our audit in accordance with Cambodian International Standards on Auditing
("CISAs"). Our responsibilities under those standards are further described in the Auditors'
Responsibilities for the Audit of the Financial Statements section of our report. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our opinion.
Independence and Other Ethical Responsibilities
We are independent of the Project in accordance with the Code of Ethics for Professional
Accountants and Auditors of the Kampuchea Institute of Certified Public Accountants and
Auditors ("Code of Ethics") and the International Ethics Standards Board for Accountants'
International Code of Ethics for Professional Accountants (including International
Independence Standards) ("IESBA Code"), and we have fulfilled our other ethical
responsibilities in accordance with the Code of Ethics and the IESBA Code.
Emphasis of Matter - Basis of Accounting
We draw attention to Note 2 to the financial statements, which describes the basis of
preparation and accounting policies adopted by the Project. The financial statements are
prepared for the purpose of assisting the Project to meet its financial reporting
requirements and for the use of the Project Management, Ministry of Economy and Finance,
World Bank and the donors. Our opinion is not modified in respect of this matter.
Responsibility of the Project Management for the Financial Statements
The Project Management is responsible for the preparation of the financial statements in
accordance with the basis of preparation and accounting policies set out in Note 2 to the
financial statements, and for such internal controls as the Project Management determines
is necessary to enable the preparation of the financial statements that are free from
material misstatement, whether due to fraud or error.
BDO (Cambodia) Limited, Certified Pubtic Accountants, a Cambodian limited liability company, is a member of BOO International Limited, a UK company limited by
guarantee, and forms part of the international BDO network of independent member firmns.
3
INDEPENDENT AUDITORS' REPORT TO THE PROJECT MANAGEMENT OF
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT (continued)
Auditors' Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements
of the Project as a whole are free from material misstatement, whether due to fraud or
error, and to issue an auditors' report that includes our opinion. Reasonable assurance is
a high level of assurance, but is not a guarantee that an audit conducted in accordance
with CISAs will always detect a material misstatement when it exists. Misstatements can
arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on
the basis of the financial statements.
As part of an audit in accordance with CISAs, we exercise professional judgement and
maintain professional scepticism throughout the audit. We also:
* Identify and assess the risks of material misstatement of the financial statements of
the Project, whether due to fraud or error, design and perform audit procedures
responsive to those risks, and obtain audit evidence that is sufficient and
appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error, as
fraud may involve collusion, forgery, intentional omissions, misrepresentations, or
the override of internal control.
* Obtain an understanding of internal control relevant to the audit in order to design
audit procedures that are appropriate in the circumstances, but not for the purpose
of expressing an opinion on the effectiveness of the Project's internal control.
* Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by the Project Management.
* Evaluate the overall presentation, structure and content of the financial statements
of the Project, including the disclosures, and whether the financial statements of
the Project represents the underlying transactions and events in a manner that
achieves fair presentation.
We communicate with the Project Management regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any
significant deficiencies in internal control that we identify during our audit.
For and on behalf of
BDO (Cambodia)-Limite<
LiSeng mSen
Certified Pubti:A6lan
Phnom Penh, Cambodia
Date: 28 June 2022
4
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KH between the Royal Government of Cambodia
and the International Development Association
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021
Note 31.12.2021 31.12.2020
US$ US$
ASSETS
Cash and bank balances 3 161,699 876,809
TOTAL ASSETS 161,699 876,809
FUND BALANCE 161,699 876,809
The accompanying notesform an integral part of the financial statements.
5
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KH between the Royal Government of Cambodia
and the International Development Association
STATEMENT OF SOURCES OF FUNDS AND EXPENDITURES
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
Cumulative
Year ended Year ended to
Note 31.12.2021 31.12.2020 31.12.2021
US$ US$ US$
SOURCES OF FUNDS
International Development Association 4 3,638,563 5,183,986 12,048,719
Royal Government of Cambodia
(counterpart fund) 5 84,960 70,800 386,755
3,723,523 5,254,786 12,435,474
EXPENDITURES BY CATEGORIES
Goods 6 247,813 50,479 1,063,728
Works 7 760,000 1,856,857 3,180,942
Consulting services 8 825,535 870,851 2,418,203
Training and workshops 9 574,514 587,338 1,568,428
Community grants 10 1,287,352 583,900 1,901,752
Operating costs 11 658,529 528,274 1,754,687
Supplement salary 12 84,890 92,040 386,035
4,438,633 4,569,739 12,273,775
(Deficit)/ Excess of sources of funds over
expenditures (715,110) 685,047 161,699
Fund balance at beginning of year 876,809 191,762 -
Fund balance at end of year 161,699 876,809 161,699
EXPENDITURES BY COMPONENTS 13
Building and strengthening institutions of
the rural poor 2,514,839 1,487,503 5,348,690
Enhancing skills and employment
opportunities for the rural poor 334,254 302,174 680,612
Improving basic services and community
infrastructure for the rural poor 699,592 1,132,365 2,120,231
Enhancing skills and employment
opportunities for the urban poor 294,177 354,422 883,460
Improving basic services and community
infrastructure for the urban poor 183,170 910,081 1,560,299
National level steering, coordination and
management of Ministry of Interior 225,891 198,054 939,698
Ministry of Agriculture, Forestry and
Fisheries 32,886 23,280 99,351
Sub-management Siem Reap Province
(SMT 1) 40,337 48,609 161,741
Sub-management Phnom Penh Municipal
(SMT 2) 28,597 21,211 93,658
Salary supplement for government officers 84,890 92,040 386,035
4,438,633 4,569,739 12,273,775
The accompanying notes form an integral part of the finane ial statements,
6
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KH between the Royal Government of Cambodia
and the International Development Association
STATEMENT OF CASH RECEIPTS, EXPENDITURES AND COMPARISION OF BUDGET
AND ACTUAL AMOUNTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
Actual
1.1.2021
Total to
budget 31.12.2021
US$ US$
(unaudited)
SOURCES OF FUNDS
International Development Association 3,638,563
Royal Government of Cambodia (counterpart fund) 84,960
3,723,523
EXPENDITURES BY CATEGORIES
Goods 261,132 247,813
Works 2,067,947 760,000
Consulting services 1,007,624 825,535
Training and workshops 1,447,452 574,514
Community grants 2,084,280 1,287,352
Operating costs 886,348 658,529
Supplement salary 91,440 84,890
7,846,223 4,438,633
Deficit of sources of funds over expenditures (715,110)
Fund balance at beginning of year 876,809
Fund balance at end of year 161,699
EXPENDITURES BY COMPONENTS
Building and strengthening institutions of the rural poor 3,827,980 2,514,839
Enhancing skills and employment opportunities for the rural poor 789,525 334,254
Improving basic services and community infrastructure for the rural
poor 1,823,479 699,592
Enhancing skills and employment opportunities for the urban poor 401,542 294,177
Improving basic services and community infrastructure for the urban
poor 433,370 183,170
National level steering, coordination and management of Ministry of
Interior 316,336 225,891
Ministry of Agriculture, Forestry and Fisheries 32,203 32,886
Sub-management Siem Reap Province (SMT 1) 90,878 40,337
Sub-management Phnom Penh Municipal (SMT 2) 39,470 28,597
Salary supplement for government officers 91,440 84,890
7,846,223 4,438,633
7
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KH between the Royal Government of Cambodia
and the International Development Association
STATEMENT OF CASH RECEIPTS, EXPENDITURES AND COMPARISION OF BUDGET
AND ACTUAL AMOUNTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 (continued)
Actual
1.1.2020
Total to
budget 31.12.2020
US$ US$
(unaudited)
SOURCES OF FUNDS
International Development Association 5,183,986
Royal Government of Cambodia (counterpart fund) 70,800
5,254,786
EXPENDITURE BY CATEGORIES
Goods 79,615 50,479
Works 2,146,110 1,856,857
Consulting services 1,148,792 870,851
Training and workshops 1,466,942 587,338
Community grants 1,716,800 583,900
Operating costs 562,804 528,274
Supplement salary 91,440 92,040
7,212,503 4,569,739
Excess of sources of funds over expenditures 685,047
Fund balance at beginning of year 191,762
Fund balance at end of year 876,809
EXPENDITURES BY COMPONENTS
Building and strengthening institutions of the rural poor 3,164,427 1,487,503
Enhancing skills and employment opportunities for the rural poor 564,889 302,174
Improving basic services and community infrastructure for the rural
poor 1,425,642 1,132,365
Enhancing skills and employment opportunities for the urban poor 620,635 354,422
Improving basic services and community infrastructure for the urban
poor 964,186 910,081
National level steering, coordination and management of Ministry of
Interior 278,329 198,054
Ministry of Agriculture, Forestry and Fisheries 25,840 23,280
Sub-management Siem Reap Province (SMT 1) 53,255 48,609
Sub-management Phnom Penh Municipal (SMT 2) 23,860 21,211
Salary supplement for government officers 91,440 92,040
7,212,503 4,569,739
The accompanying notes form an integral part of the financial statements.
8
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5777-KH between the Royal Government of Cambodia
and the International Development Association
STATEMENT OF DESIGNATED ACCOUNTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
Cumulative
Year ended Year ended to
Note 31.12.2021 31.12.2020 31.12.2021
Us$ US$ US$
SOURCES OF FUNDS
Unused funds from the previous year 876,159 169,872 -
Funds received during the year 4 3,638,563 5,183,986 12,048,719
4,514,722 5,353,858 12,048,719
EXPENDITURES BY CATEGORIES
Goods 6 247,813 50,479 1,063,728
Works 7 760,000 1,856,857 3,180,942
Consultant services 8 825,535 870,851 2,418,203
Training and workshops 9 574,514 587,338 1,568,428
Community grants 10 1,287,352 583,900 1,901,752
Operating costs 11 658,529 528,274 1,754,687
4,353,743 4,477,699 11,887,740
Fund balance at end of year 160,979 876,159 160,979
REPRESENTED BY:
Cash on hand 3 460 1,297
Cash at banks 3 160,519 874,862
160,979 876,159
The accompanying notes form an integral part of the financial statements.
9
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KH between the Royal Government of Cambodia
and the International Development Association
NOTES TO THE FINANCIAL STATEMENTS
1. PROJECT BACKGROUND
The Livelihood Enhancement and Association of the Poor Project ("the Project") was established
under the Financing Agreement Number 5777-K-I signed on 4 May 2017 between the Royal
Government of Cambodia ("RGC") represented by the Ministry of Economy and Finance
("MEF") and the International Development Association ("IDA") of World Bank. The agreement
became effective for implementation from 26 May 2017. The amount of funding under the
financing agreement to be provided to the Project is SDR15,100,000, with details as follows:
Amount of the Credit % of Expenditures to
Allocated be Financed
Category (expressed in SDR) (inclusive of taxes)
(1) Goods, Works, Non-consulting 12,600,000 100%
services, and Consulting services,
Training and Workshops, and
Operating Costs under Part 1, 2 and 3
of the Project, excluding Community
Grants
(2) Community Grants under Part 1.1 of 2,500,000 100% of amounts
the Project disbursed
(3) Emergency Expenditures under Part 4 0 100%
of the Project
TOTAL 15,100,000
The Project started with the objective to improve access of poor and vulnerable households in
selected communities to financial services, opportunities of generating income, and small-scale
infrastructure, and to provide immediate and effective response in case of an eligible crisis or
emergency.
The Project is being implemented by the following ministries:
1. Ministry of Interior - Project Coordination Unit ("Mol" or "PCO");
2. Ministry of Agriculture, Forestry and Fisheries ("MAFF");
3. Siem Reap Provincial Administration ("SRP"); and
4. Phnom Penh Capitol Hall ("PPCH").
The Project consists of the following parts:
Part ]: Improving livelihoods for rural poor and vulnerable households
1.1 Building and strengthening institution of the rural poor. Carrying out of a program of
activities, including the provision of community grants, to support the formation and
strengthening of associations of poor and vulnerable households in Siem Reap Province,
primarily through self-help groups, producer groups and/or agricultural cooperatives in order
to enable their members to engage jointly or individually in productive activities, including
amount other capacity building assistance for basic financial literacy, micro-enterprise and
business planning, basic accounting and record keeping, good governance practices, and
access to assets, skills, technology, financial services and markets.
10
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KHI between the Royal Government of Cambodia
and the International Development Association
1. PROJECT BACKGROUND (continued)
Part 1: Improving livelihoods for rural poor and vulnerable households (continued)
1.2 Enhancing skills and employment opportunities for the rural poor. Carrying out of a program
of activities to improve the skills and income generating opportunities for poor household
members in Siem Reap Province, with a focus on unemployed youth and women from poor
households, including among others:
(a) carrying out of local labor market from surveys and training providers assessment;
(b) selection of beneficiary households;
(c) employability training and career counseling;
(d) provision of training vouchers and skills training; and
(e) job placement and employment support.
1.3 Improving basic services and community infrastructure for the rural poor provision of
improved small-scale community infrastructure and services to respond to the priority
needs of selected beneficiary communities in Siem Reap Province identified through the
commune investment plans including, among others, water supply and sanitation facilities,
small-scale irrigation schemes, small storage and warehouses. Community access roads, and
improved on-farm water management practices.
Part 2: Improving livelihoods for urban poor and vulnerable households
2.1 Enhancement skills and employment opportunities for the urban poor. Carrying out of a
program of activities to improve the skills and income generating opportunities for poor
household members in Phnom Penh, with a focus on unemployed youth and women from
poor households, including among others:
(a) carrying out of local labor market surveys and training providers' assessment;
(b) selection of beneficiary households;
(c) employability training and career counselling;
(d) provision of training vouchers and skills training; and
(e) job placement and employment support.
2.2 Improving basic services and community infrastructure for the urban poor provision of
improved small-scale community infrastructure and services to respond to the priority needs
of selected beneficiary communities in Phnom Penh identified through the
sangkat investment plans including, among others, drainage systems, community
roads/footpaths, water supply and sanitation systems, and street lighting.
11
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-H between the Royal Government of Cambodia
and the International Development Association
1. PROJECT BACKGROUND (continued)
Part 3: Project management
Provision of technical and operational assistance for the overall project implementation,
supervision and coordination of the Project at the national, provincial, district/khan,
commune/sangkat, and village community levels, including among others:
(a) social and environmental safeguards management;
(b) procurement planning and contracts management;
(c) financial management disbursement and audit; and
(d) monitoring, evaluation and communication.
Part 4: Contingent emergency response
Provision of immediate response to an eligible crisis or emergency, as needed.
2. BASIS OF PREPARATION AND SIGNIFICANT ACCOUTING POLICIES
2.1 Basis of preparation
The financial statements of the Project, which are expressed in United States Dollar
("US$"), have been prepared in accordance with modified cash basis of accounting. Under
this basis of accounting, fund received is recognised when received rather than when the
right to receive it arises, and expenditure is recognised when it is paid rather than when
incurred, except for the advances to implementing agencies, which are initially recognised
as receivables and only recognised as expenditures when they have been liquidated by
invoices supporting the related expenditures.
The financial statements present sources and uses of funds, and the related financial
information in relation to the IDA fund withdrawals and disbursements from the Project's
designated account as specified under the Financial Agreement Number 5960-KH between
the MEF of RGC and the IDA of World Bank.
2.2 Sources of funds
Funds from the IDA are recognised as a source when cash is transferred to the Project's
designated account or when direct payments are disbursed by the IDA, rather than when
committed or budgeted.
Counterpart fund is recognised as a source when cash is withdrawn from the State Treasury
or when a payment is transferred directly from the State Treasury to the Project's national
bank account.
2.3 Expenditures
Expenditure is recognised when payment is made rather than when it is incurred, except as
disclosed in Note 2.1 to the financial statements.
12
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under Mie Financing Agreement Number 5960-KU between the Royal Government of Cambodia
and the International Development Association
2. BASIS OF PREPARATION AND SIGNIFICANT ACCOUTING POLICIES (continued)
2.4 Equipment
Equipment procured is recognised as expenditure when received or when handed-over from
the contractors or suppliers upon the respective acceptance and approval by the Project.
2.5 Cash
Cash consists of cash and bank balances with insignificant risk of changes in values.
The Project maintains a designated account with the National Bank of Cambodia in a US$
denominated account. A petty cash float is also maintained in US$.
2.6 Statement of designated account
The statement of designated account presents the receipts and payments funded by the IDA
in accordance with the financing agreement.
2.7 Foreign exchange differences
Expenditures and withdrawals in foreign currencies (other than US$) are converted into
US$ at the prevailing exchange rates declared by the National Bank of Cambodia ruling at
the date of transactions. Monetary items denominated in foreign currencies are translated in
to US$ for reporting purposes at the closing exchange rate prevailing at the reporting date.
2.8 Commitment and service charges
Commitment and service charges relating to the IDA are paid directly by the MEF and are
not accounted for in the financial statements.
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LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KH between the Royal Government of Cambodia and the International Development Association
3. CASH AND BANK BALANCES
31.12.2021 31.12.2020
PCO MAFF SRP PPCH Total PCO MAFF SRP PPCH Total
US$ US$ US$ US$ US$ USS USS US$ US$ US$
IDA
Cash on hand 127 9 319 5 460 198 451 643 5 1,297
Cash at banks 71,942 8,610 49,759 30,208 160,519 640,664 7,084 143,416 83,698 874,862
72,069 8,619 50,078 30,213 160,979 640,862 7,535 144,059 83,703 876,159
Counterpart fund
Cash at banks 720 - - - 720 650 - - - 650
72,789 8,619 50,078 30,213 161,699 641,512 7,535 144,059 83,703 876,809
4. INTERNATIONAL DEVELOPMENT ASSOCIATION
Cumulative
to
31.12.2021 31.12.2020 31.12.2021
PCO MAFF SRP PPCH Total PCO MAFF SRP PPCH Total Total
uS$ US$ USU USS us$ S US$ US$ US$ US$ USS
Fundreceipts 3,638,563 - - - 3,638,563 5,183,986 - - - 5,183,986 12,048,719
Fund transferred from PCO
to implementing agencies (3,669,254) 65,546 3,181,657 422,051 - (4,123,693) 77,116 2,724,522 1,322,055 - -
(30,691) 65,546 3,181,657 422,051 3,638,563 1,060,293 77,116 2,724,522 1,322,055 5,183,986 12,048,719
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LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-AH between the Royal Government of Cambodia and the International Development Association
5. ROYAL GOVERNMENT OF CAMBODIA (COUNTERPART FUND)
Cumulative
to
31.12.2021 31.12.2020 31.12.2021
PCO MAFF SRP PPCH Total PCO MAFF SRP PPCH Total Total
US$ US$ US$ US$ US$ US$ USS US$ US$ US$ US
Fund receipts 84,960-60 84,960 70,800-- - 70,800 386,755
6. GOODS
Cumulative
to
31.12.2021 31.12.2020 31.12.2021
PCO MAFF SRP PPCH Total PCO MAFF SRP PPCH Total Total
US$ US$ USS USS USs US$ US$ USS US$ US US$
IDA
Office equipment and
furniture 31,793 6,361 8,389 5,863 52,406 2,426 - 29,818 1,239 33,483 258,873
Vehicles 49,531 5,346 100,384 40,146 195,407 - - 11,897 5,099 16,996 745,627
Management information - - -
system - - - - - 49,333
Accounting software - - - - - - - - - - 9,895
81,324 11,707 108,773 46,009 247,813 2,426 41,715 6,338 50,479 1,063,728
7. WORKS
Cumulative
to
31.12.2021 31.12.2020 31.12.2021
PCO MAFF SRP PPCH Total PCO MAFF SRP PPCH Total Total
US$ uS$ US$ US$ US$ USS US$ US$ US$ US$ US$
IDA
Civil works - - 633,020 126,980 760,000 - - 1,003,398 853,459 1,856,857 3,180,942
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LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KH between the Royal Government of Cambodia and the International Development Association
8. CONSULTING SERVICES
Cumulative
to
31.12.2021 31.12.2020 31.12-2021
PCO MAFF SRP PPCH Total PCO MAFF SRP PPCH Total Total
US$ US$ US$ US$ US$ US$ US$ USS USS US$ US$
IDA
National consultant fee 335,552 20,278 321,305 148,400 825,535 333,122 36,978 344,597 156,154 870,851 2,418,203
9. TRAINING AND WORKSHOPS
Cumulative
to
31.12.2021 31.12.2020 31-12.2021
PCO MAFF SRP PPCH Total PCO MAFF SRP PPCH Total Total
US$ US$ US$ US$ US$ US$ USS US$ USS USS USS
IDA
Training and workshops 4,584- 456,353 113,577 574,514 31,90 - 363,460 192,588 587,338 1,568,428
10. COMMUNITY GRANTS
Cumulative
to
31.12.2021 31.12.2020 31.12.2021
PCO MAFF SRP PPCH Total PCO MAFF SRP PPCH Total Total
USS USS US$ US$ US$ US$ US$ US$ US$ USS USS
IDA
Self - Help group - - 1,287,352 - 1,287,352 - - 583,900 - 583,900 1,901,752
16
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KH between the Royal Government of Cambodia and the International Development Association
11. OPERATING COSTS
Cumulative
to
31.12.2021 31.12.2020 31.12.2021
PCO MAFF SRP PPCH Total PCO MAFF SRP PPCH Total Total
US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$
IDA
Communications 3,760 1,386 3,746 660 9,552 3,720 1,440 1,992 675 7,827 30,759
Material expenses - - - - - 5,084 - - - 5,084 8,919
Office supplies,
stationaries and
consumables 11,308 5,767 10,278 2,478 29,831 10,548 4,294 8,700 5,063 28,605 103,343
Project related meeting 7,947 124 - 4,772 12,843 64 - - 3,482 3,546 32,981
Fuels, repairs and
maintenances 30,215 9,265 57,371 12,308 109,159 29,999 7,172 55,223 13,254 105,648 296,779
Supporting staffs 17,400 4,809 293,392 7,826 323,427 16,900 4,811 191,504 7,841 221,056 708,227
Travels, foods and
accommodations 33,864 10,688 96,060 4,234 144,846 39,795 14,715 75,579 7,826 137,915 438,677
Project baseline study - - - - - - - - - - 59,580
Other expense 12,148 438 7,988 8,297 28,871 7,466 412 5,912 4,803 18,593 75,422
116,642 32,477 468,835 40,575 658,529 113,576 32,844 338,910 42,944 528,274 1,754,687
12. SUPPLEMENT SALARY
Cumulative
to
31.12.2021 31.12.2020 31.12.2021
PCO MAFF SRP PPCH Total PCO MAFF SRP PPCH Total Total
US$ US$ S$ UU USUS 0$SS$ USS US$ US$ US$
Counterpart fund
Supplement salary for
government's staffs 84,890-- - 84,890 92,040-- - 92,040 386,035
17
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KH1 between the Royal Government of Cambodia and the International Development Association
13. EXPENDITURES BY COMPONENTS
Cumulative
to
31.12.2021 31.12.2020 31.12.2021
PCO MAFF SRP PPCH Total PCO MAFF SRP PPCH Total Total
USS US$ US$ US$ US US$ US$ US$ us$ US$ US$
IDA
Improving livelihoods for rural poor and
vulnerable households:
Building and strengthening institutions of
the rural poor 278,902 31,576 2,204,361 - 2,514,839 236,148 46,543 1,204,812 - 1,487,503 5,348,690
Enhancing skills and employment
opportunities for the rural poor 2,906 - 331,348 - 334,254 11,981 - 290,193 - 302,174 680,612
Improving basic services and community
infrastructure for the rural poor - - 699,592 - 699,592 - - 1,132,365 - 1,132,365 2,120,231
Improving livelihoods for urban poor and
vulnerable households: -
Enhancing skills and employment
opportunities for the urban poor 30,403 - - 263,774 294,177 34,231 - - 320,191 354,422 883,460
Improving basic services and community
infrastructure for the urban poor - - - 183,170 183,170 - - - 910,081 910,081 1,560,299
Project management:
National level steering, coordination and
management of Mol 225,891 - - - 225,891 198,054 - - - 198,054 939,698
Ministry of Agriculture, Forestry and
Fisheries - 32,886 - - 32,886 - 23,280 - - 23,280 99,351
Sub-management Siem Reap Province
(SMT 1) - - 40,337 - 40,337 - 48,609 - 48,609 161,741
Sub-management Phnom Penh Municipal
(SMT 2) - - - 28,597 28,597 - - - 21,211 21,211 93658
538,102 64,462 3,275,638 475,541 4,353,743 480,414 69,823 2,675,979 1,251,483 4,477,699 11,887,740
18
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KH between the Royal Government of Cambodia and the International Development Association
13. EXPENDITURES BY COMPONENTS (continued)
Cumulative
to
31.12.2021 31.12.2020 3112.2021
PCO MAFF SRP PPCH Total PCO MAFF SRP PPCH Total Total
US$ US$ USS US$ Uss USS USS US$ USS US$ US$
Counterpart fund
Salary supplement for government officers 84,890 - - 84,890 92,040 - - - 92,040 386,035
622,992 64,462 3,275,638 475,541 4,438,633 572,454 69,823 2,675,979 1,251,483 4,569,739 12,273,775
14. DESIGNATED ACCOUNTS AND WITHDRAWAL APPLICATIONS
14.1 Statement of designated accounts - IDA Grant
2021 2020
USS US$
(a) PCO
Balance as at 1 January 640,862 60,983
Add:
Total amount advanced during the year 3,638,563 5,183,986
Deduct:
Fund transfer from PCO to implementing agencies (3,669,254) (4,123,693)
Total amount withdrawn for expenditures during the year (538,102) (480,414)
Balance as at 31 December 72,069 640,862
19
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KH between the Royal Government of Cambodia and the International Development Association
14. DESIGNATED ACCOUNTS AND WITHDRAWAL APPLICATIONS (continued)
14.1 Statement of designated accounts - IDA Grant (continued)
2021 2020
US$ US$
(b) MAFF
Balance as at 1 January 7,535 241
Add:
Total amount advanced during the year -
Fund transfer from PCO 65,546 77,116
Deduct:
Total amount withdrawn for expenditures during the year (64,462) (69,822)
Balance as at 31 December 8,619 7,535
2021 2020
US$ US$
(c) SRP
Balance as at 1 January 144,059 95,517
Add:
Total amount advanced during the year
Fund transfer from PCO 3,181,657 2,724,522
Deduct:
Total amount withdrawn for expenditures during the year (3,275,638) (2,675,980)
Balance as at 31 December 50,078 144,059
20
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KH between the Royal Government of Cambodia and the International Development Association
14. DESIGNATED ACCOUNTS AND WITHDRAWAL APPLICATIONS (continued)
14.1 Statement of designated accounts - IDA Grant (continued)
2021 2020
USS US$
(d) PPCH
Balance as at 1 January 83,703 13,131
Add:
Total amount advanced during the year
Fund transfer from PCO 422,051 1,322,055
Deduct:
Total amount withdrawn for expenditures during the year (475,541) (1,251,483)
Balance as at 31 December 30,213 83,703
14. DESIGNATED ACCOUNTS AND WITHDRAWAL APPLICATIONS (continued)
14.2 Summary of withdrawal applications - IDA Grant
PCO
Amount claimed for replenishment
Consulting Training Operating Community
Withdrawal application number Date Advance Goods Works services costs costs grants Total
US$ USS USs us$ USs us$ US$ USS
2020
018-LEAP/PCO-RP 22 Jan 2020 - 19,819 123,967 47,729 61,793 68,840 15,800 337,948
019-LEAP/PCO-RP 21 Feb 2020 - 5,905 133,898 42,252 24,338 35,787 - 242,180
020-LEAP/PCO-Adv 6 Apr 2020 750,000 - - - - - - 750,000
021-LEAP/PCO-RP 19 Mar 2020 - - 31,995 95,493 23,676 60,056 - 211,220
022-LEAP/PCO-RP 20 Apr 2020 - 17,408 58,701 41,668 34,903 22,530 19,200 194,410
023-LEAP/PCO-RP 21 May 2020 - 2,891 102,816 54,722 76,051 42,287 78,100 356,867
024-LEAP/PCO-RP 22 Jun 2020 - 1,239 156,478 116,574 18,182 50,381 75,600 418,454
025-LEAP/PCO-RP 17 Jul 2020 - 480 149,030 31,256 36,809 15,111 95,700 328,386
026-LEAP/PCO-RP 27 Aug 2020 - - 404,793 73,804 33,858 40,752 83,600 636,807
027-LEAP/PCO-RP 14 Sep 2020 - - 343,257 105,926 37,681 46,698 115,300 648,862
028-LEAP/PCO-RP 15 Oct 2020 - - 43,695 28,496 49,802 37,177 22,800 181,970
029-LEAP/PCO-RP 12 Nov 2020 - 1,533 377,978 83,534 48,188 38,061 89,900 639,194
030-LEAP/PCO-RP 11 Dee 2020 - 26,927 41,257 75,271 33,522 57,011 3,700 237,688
750,000 76,202 1,967,865 796,725 478,803 514,691 599,700 5,183,986
22
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KH between the Royal Government of Cambodia and the International Development Association
14. DESIGNATED ACCOUNTS AND WITHDRAWAL APPLICATIONS (continued)
14.2 Summary of withdrawal applications - IDA Grant (continued)
PCO (continued)
Amount claimed for replenishment
Consulting Training Operating Community
Withdrawal application number Date Advance Goods Works services costs costs grants Total
US$ US$ US$ US$ US$ US$ US$ USS
2021
031-LEAP/PCO-RP 17 Feb 2021 - - 12,790 62,311 126,367 52,647 - 254,115
032-LEAP/PCO-RP 13 Apr 2021 - - 168,840 159,179 119,772 81,578 - 529,369
033-LEAP/PCO-RP 28 Apr 2021 - - 25,161 50,341 38,629 43,991 48,600 206,722
034-LEAP/PCO-RP 19 Jul 2021 - - 24,986 142,068 68,602 75,773 170,500 481,929
35-LEAP/PCO-RP 26 Jul 2021 - - - 61,121 42,897 37,842 43,100 184,960
036-LEAP/PCO-RP 29 Sep 2021 - 57,580 178,561 191,698 102,100 169,851 59,900 759,690
037-LEAP/PCO-RP 17 Nov 2021 - 2,583 73,758 85,206 10,659 86,536 67,200 325,941
038-LEAP/PCO-RP 07 Dec 2021 - - - 64,115 21,838 22,863 287,020 395,837
039-LEAP/PCO-ADV 16 Dec 2021 500,000 - - - - - - 500,000
500,000 60,163 484,096 816,039 530,864 571,081 676,320 3,638,563
Cumulative to 31.12.2021 2,000,000 875,204 2,758,181 2,227,801 1,308,429 1,588,384 1,290,720 12,048,719
23
LIVELIHOOD ENHANCEMENT AND ASSOCIATION OF THE POOR PROJECT
Under the Financing Agreement Number 5960-KIH between the Royal Government of Cambodia and the International Development Association
15. COMMITMENTS
The Project has commitments which were contracted but not yet paid as at 31 December 2021, as follows:
31.12.2021 31.12.2020
PCO MAFF SRP PPCH Total PCO MAFF SRP PPCH Total
US$ US$ uU$ 12 US$ USs US$ US$ US$ USS
Goods - - - - -
Works - - 562,483 - 562,483 - - 57,877 38,888 96,765
Consultants 551,249 45,871 669,202 254,342 1,520,664 501,206 36,267 554,164 382,225 1,473,862
551,249 45,871 1,231,686 254,342 2,083,148 501,206 36,267 612,041 421,113 1,570,627
16. TAXATION CONTINGENCIES
The taxation system in Cambodia is relatively new and is characterised by numerous taxes and frequently changing legislation, which is often unclear, contradictory, and
subject to interpretation. Often, differing interpretations exist among numerous taxation authorities and jurisdictions. Taxes are subject to review and investigation by a
number of authorities, who are enabled by law to impose severe fines, penalties and interest charges. These facts may create tax risks in Cambodia substantially more
significant than in other countries. Project Management believes that it has adequately provided for tax liabilities based on its interpretation of tax legislation. However,
the relevant authorities may have differing interpretations and the effects could be significant.