KIRIBATI AUDIT OFFICE
P.0 BOX 63 Tell: (686)75021118
Paril4, Trw T1, 60) 7502iaaa,
Kiribati Emal iI: support@ kao.gov.ki
Audit for an impact for the public
File Ref: 3 301 Datc: 04 05 2102-
Project Manager
South Tarawa Water Supply
Ministry of Infrastructure and Sustainable [Energy (MISE)
Betio,
Ta raw a
Attention: Taare Aukitino
KFSU Manager
Final Management letter for South Tarawa Water Suppl_y Project accounts for the year ended 31
December 2022
We have audited the financial statements of South Tarawa Water Supply Project which is jointly financed
by the Asian Development Bank, World Bank, Green Climate Fund and Government of Kiribati for the year
ended 31/12/2022, in accordance with International Standards of Auditing and we have not detected any
deficiencies and any other issues significant rmaterial misstated. Therefore, we will isue an unqualified
audit opinion.
Our audit involves planning and performing audit procedures to obtain all the information and explaiatiors
we consider necessary in order to obtain reasonable assurance that the financial statements are free Irorm
material misstatements whether tiue to fraud or error, free from ineligible payments and that the Funds
were expended according to agreements.
The procedures selected depend on our judgrment, incl uding the assessment of the risks of rmaterial
misstatement of the financial statement, whether due to fraud or error. In marking those risk assessments,
we considered internal controls relevant to the project's preparation and fair presentation of the statement
in order to design aidit 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.
Should yoU have any enquiries in relation to this audit, please do not hesitate to contaict the ndersigned
on phone numbers shown above.
Yours Sincerely,
Eriati Tauma Manairta
Auditor General
KIRIBATI AUDIT OFFICE
P.0 BOX 63 T\el l : (686)75021118
Bairiki, 1 arawa Te12: (686)75021335
Kiribati Fmail: support@ok,gov.ki
Audit for an impact for the public
File Ref: 3/30 Date: 04/05/23
Independent Auditor's Report
To the readers of
SOUTH TARAWA WATER SUPPLY PROJECT Financial Statements for the year ended 31
December 2022
have audited the financial statements of the South Tarawa Water Supply Project
(STWSP) financed by Asian Development Bank and World Bank which comprise of the
statement of cash receipts and Payments for the year ended 31 'December 2022 and
it's notes to the financial statement including summary of accounting policies and
other exp anatory information.
The auditing was carried out in accordance with the Project Financing Agreement
Unqualified Opinion
n my opinion, the accompanying Financial Statements of the South Tarawa Water
Supply (STWSP) and appended notes, present fairly in all material respects, the Cash
Receipts and Disbursements of the Project for the year ended 31 December 2022, in
accordance with the Cash Basis and within the project's budget.
Basis for Unqualified Opinion
I conducted my audit in accordance with International Standards on Auditing (ISAs).
My responsibilities under those standards are further describe in the Auditor's
Responsibilities for the Audit of the Financial Statements section of my report. I believe
that the audit evidence I have obtained is sufficient and appropriate to provide a
basis for my opinion.
The audit was completed on 4th March 2023 and was date at which my opinion was
expressed.
Management's Responsibilities
The STWSP Management are responsible for the preparation and fair presentation of
the financial statements in accordance with generally accepted accounting
principles and for such internal control as management determines necessary to
enable the preparation of financial statements that are free from material
misstatements, whether due to fraud or error.
Auditor's Responsibilities
My objectives are to obtain reasonable assurance about whether the financial
statements as a whole are free from material misstatement, whether due to fraud or
error, and to issue an auditor's 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 ISAs 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 these financial statements.
As part of an audit in accordance with ISAs, we exercise professional judgment and
maintain professional skepticism throughout the audit.
* I also, identify and assess the risks of material misstatement of the South Tarawa
Water Supply Project financial statements, 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 risks, 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
Management of the Project.
Independence
When carrying out the audit I followed the independence requirements stipulated
under Section 1 14 (4) of the Kiribati constitution and the requirements of the
international Standards of Auditing.
Communication with those charged with governance.
I communicate with the Project Manager regarding, among other matters, the
planned scope and timing of the audit and significant audit findings that I identify
during my audit.
41h May 2023
Mr. Eriati toma Manaima
Auditor General
MINISTRY OF INFRASTRUCTURE & SUSTAINABLE ENERGY
P.O. Box 498, Bairiki, Tarawa, Republic of Kiribati
Phone: (686) 75126192/75126142, nail Addes;
6t February 2023
Auditor General
KNAO
Bairiki
South Tarawa Water Supply Project (STWSP) Financial Statement 2022.
Please find attached the above Financial Statement for your review and auditing
As indicated on the signing page (Page 2), the audited Financial Statement is due for
submission to the respective Donors before or on the 30" June 2023.
All relevant documents to support the Financial Statement can be sighted or collected at the
Kiribati Fiduciary Service Unit (KFSU) within the Ministry of Finance and Economic
Development.
Thank you and looking forward to receive your notice for conducting the auditing on the
Financial Statement.
Regards,
Tony Ueanteiti Vaaia
For Project Director - STWSP
SOUTH TARAWA WATER SUPPLY PROJECT
(STWSP)
Funded by:
Asian Development Bank
Green Climate Fund
World Bank
Government of Kiribati
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
Government of Kiribati - Financial Statement
South Tarawa Water Supply Project (STWSP)
For the year ended 31 Dec 2022.
Prepared by STWSP PMU (MISE) and approved by KFSU (MFED).
Financial statement for South Tarawa Water Supply Project - STWSP
For the year ended 31 December 2022.
CONTENTS
1. Introductory notes 2
2. Statement of Cash Receipts and Payments 3
3. Statement of Accounting Policies and Notes 4 - 11
1 Page
Government of Kirihati - Financial Statement
South Tarwa Water Supply Project (STWSP)
For the year eaded 31 Dcc 2022.
Prepared by STWSP PMU (MISE) and appr oved by KFSU (MFED)
1. Introductory noes
The Financial Statement for the South Tarawa Water Supply Project (STWSP) is now presented
for auditing, for year rendiig 31 Decemeur 2022.
In compliance with the Project agreements, the Aridit report is required to be submitted to the
Donor Parties no later than the 30 June 2023, and therefore we would request your office to
complete the auditing Of Such Financial staterment, by or hetore the due date.
All Financial records for the pioject are held within the Kiribati Fiduciary Services Unit at the
Ministry of Finance & Economic Development.
Toani Toatu Taare Aukitino
Ag Director lVInistry of lnfrastr ucture & Manage Kiibati FIdu'Iat y
Sustainable Eierwy. Servie Uit.
2ate 6"1 Februmy 2023
2 1 - ,,
Government of Kiribati - Financial Statement
South Tarawa Water Supply Project (STWSP)
For the year ended 31 Dec 2022.
Prepared by STWSP PMU (MISE) and approved by KFSU (MFED).
2. Statement of Receipts and Payments
STATEMENT OF CASH RECEIPTS AND PAYMENTS BY GRANTS (AUD)
FOR THE YEAR ENDED 31 DECEMBER 2022
RECEIPTS 2022 2021 YTD
External Assistance
ADB Grant 0652-KIR 3b(i)(i) 1,018,956.76 646,165.15 1,665,121.91
ADB Grant 0653-KIR 3b(i)(ii) 1,262,556.26 397,046.27 1,659,602.53
ADB Grant 6012-KIR 3b(i)(iii) 124,570.07 606,027.27 730,597.34
WB Grant D523 KI 3b(i)(iv) 1,762,275.30 199,602.00 1,961,877.30
GoK 2706LO34 3b(i)(x) 1,079.01 0 1,079.01
TOTAL RECEIPTS 4,169,437.40 1,848,840.69 6,018,278.10
PAYMENTS
Component 1 3b(iii)(i) 2,233,424.03 2,233,424.03
Component 2 3b(iii)(ii) 236,734.21 236,734.21
Component 4 3b(iii)(Iii) 698,200 15 1,649,238.69 2,347,438.84
Preparatory Progrmmatic Advance 199,602.00 199,602.00
Unallocataed expenses 3b(iii)(iv) 1,216.43 1,216.43
TOTAL CASH PAYMENTS 3,169,574.82 1,848,840.69 5,018,415.51
Increase/ (Decrease) in cash 999,862.58 (0.00) 999,862.58
3 P ag e
Government of Kiribati - Financial Statement
South Tarawa Water Supply Project (STWSP)
For the year ended 31 Dec 2022.
Prepared by STWSP PMU (MISE) and approved by KFSU (MFED).
3. Statement of Accounting policies and Notes.
a) Accounting Policies.
i) Basis of Preparation
The financial statements have been prepared I n accordance with Cash Basis IPSAS
"Financial Reporting under the Cash Basis of Accounting".
ii) Reporting Entity
These financial statements are prepared for the South Tarawa Water Supply Project
(STWSP), on behalf of the Ministry of Infrastructure & Sustainable Energy (MISE) as an
Implement Agency, and the Ministry of Finance & Economic Development, who is an
Executing Agency of this project.
Ill) Payment by Third Parties
STWSP is jointly funded by the Asian Development Bank (ADB), World Bank (WB), Green
Climate Finance (GCF) and the Government of Kiribati (GoK). The financial contributions of
the respective Donors and Development Partners are listed below, indicating their financial
contributions in USD, and the specific project Categories and Activities that are covered
under each funding.
* ADB - Grant number 0652-KIR of USD13,000,000 The Grant is provided by ADB
to finance the Project's expenditures in the following budget allocations;
- USD8,222,000 to fund activities under Component 1 - Water supply
- USD3,857,000 to fund activities under Component 3 - Consulting services
- USD921,000 is unallocated to fund contingency expenditures.
* GCF - Grant number 0653-KIR of USD28,630,000. The Grant is provided by the
Green Climate Fund (GCF), but administered by ADB, based on the following
budget allocations;
- USD15,174,100 to fund activities under Component 1 - Water supply
USD6,190,400 to fund activities under Component 2 - Solar
- USD2,370,000 to fund activities under Component 3 - Consulting services
USD4,895,500 is unallocated to fund contingency expenditures.
* ADB Grant number 6012 KIR of USD2,000,000. The Grant is provided by ADB to
fund expenditures related to the Project Design Advance (PDA) phase. The
Financial Statement for 2021 is incorporating transactions under this grant, given
that the effectiveness of the Project in the same year.
4 P i
Government of Kiribati - Financial Statement
South Tarawa Water Supply Project (STWSP)
For the year ended 31 Dec 2022.
Prepared by STWSP PMU (MISE) and approved by KFSU (MFED).
* WB Grant D523-KI of SDR11,100,000. The grant is provided by the World Bank
(WB) to fund preparatory activities of the project. The total expenditures under
the grant are transferred from the PPA Financial Statement 2020 to the STWSP
Financial Statement 2021 to form parts of the income and expenditures for the
project.
* GoK LCDF of USD1,490,000. The co-financing contribution from the GoK is
managed by NEPO, MELAD and MISE, and therefore do not form part of this
Financial Statement 2022.
iv) Reporting currency
The reporting currency is Australian Dollars (AUD)
v) Cash
There is a Designated Account (DA) or Advance Account for STWSP, which is funded by WB with
the initial amount of AUD1,000,000. To-date, there is no payment being processed from the DA
account, except the bank charges and other transaction fees.
vi) Borrowings
There is no borrowing or loan for STWSP, hence all financial contributions from the respective
Donors are received as Grants.
vii) Other Receipts
There are no other Receipts for the project apart from the Grants.
viii) Other payments/ Expenditures
Apart from the normal payments to Consultants and Contractors, the payments related to
Programmatic Preparatory Activities (PPA) prior 2021, funded by the World Bank (Grant No
0653 KI) are also recognized as part of the Project's expenditures.
ix) Authorization Date
STWSP Financial Statement for 2022 is authorized on the 6th February 2023, by the Acting
Director for Ministry of infrastructure & Sustainable Energy (MISE), and the Kiribati Fiduciary
Service Unit (KFSU) Manager.
x) Original and Final Approved Budget and Comparisons of Actual and Budget Amounts.
Refer to page 9 of this report, showing the comparative analysis report, listing the Actual
expenditures for 2022, the Final (2022) budget, the Original budget (overall budget for the
entire project) and the variance of Final budget against the Actual expenditures.
xi) External assistance
- Payment by Third parties.
5 1P I~
Government of Kiribati- Financial Statement
South Torowa Water Supply Project (STWSP)
For the year ended 31 Dec 2022.
Prepared by STWSP PMU (MISE) and approved by KFSU (MFED).
The Local Contribution Development Funding (LCDF) from the Government of Kiribati also paid
for related activities for the project. The government contribution for STWSP for 2021 were
excluded in the 2021 Financial Statement and therefore now included to form part of the
Government contributions for 2022 Financial Statement.
xii) Undrawn External Assistance
Apart from the above financial contributions from the respective Donors, there will be more
fundings/ financial assistances (additional financing) to be received in the subsequent years
from the ADB, GCF and WB to support the implementation of the project.
6 1 P q g e
Government of Kirfбati - FlnanNalStaCemeпt
South Tarawa Water Supplу Project (STWSPJ
For Che year ended 31 Dec 2022.
Prepared by STWSP PMU (МlSЕ) апд approved by KFSU (MFEDJ.
b) Notes to the Financial5tatements,
i) Cash Receipts and Payments (Externa! Assistance and Direct Payments)
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Government of Kiribati - Financial Støtement
South Tarawa Water Supply Project (SMSP)
For the year ended 31 Dec 2022.
Prepared by ST~ PMU (MISE) and opproved by KF5U (MFED).
ii) 0653-KIR Aniount Disbiýrsed
WA No. Pold To Details ýWAAmount
bVADB Exchange Rate AUD Valuý Date
C0060 cllapellow Cont, act oayrnent USDIA 62 ;?5 USD 1,462-25 1.395431ý77878"00 2 04U.47 G/1/2022
01ý2 clldpello%ý, C,:,ntrdct ýNUD7,216.94 AUD i 7,21.6.9 1.00 7,2'6.94 lý11/2022
c0c6,1 loataak2 linneor, Contracl paytyýent AUD 1,$64.94 AUD (11) 1 ?G4 94 11/ 1120ý 2
a0080 Fini)isýl collsliltilig ýýi'oup Loiitý @Et pavilýef)t USDI,8ý.5..9 U.ý1) 93. R 1) 1 13/ý/2022
Coýlt,act payl"111 AUDI,560.45 AUD Lo3 1,560.45 13/6/2C2,
,OP,074 ont,,ýct paynlent AUD171ýý70 AUD 71?. 70 1,71ý..70 10/6/2Wý
ýý0076 I loataa ke Tinncoo Contnct [iiyniýnt AUD8,129'ý8 AUD 2q. 22 -1 C1) 10
liOC078 ýiFignisli Constilting Gýouø C-ontnet pz)l/niýlir USD16130.331
i - - USD 16,130.31 1,4042036961,29930 22,651.85ý 10/6/2022
iooov plin International Au,ýtrýli,,i ýcc)ritra(ýt USD8,264.74 USD 8,264.74 1,439641194122850 11,898,28 11 15/C6/22
100086 ý'Joshu-,i Contract USD5 677 16 USD 5,677.16 143%4419412?850 8, 173, C, 9 15/C6/)2
ýCOUý6 ýlaobiiii Hatiati Biriti on aetpýymp.nl AUD180..3 AUD 780.23 LCO- 780,?.3 r//()6/22
Taobin3 L3ýtiýita Birati payirýný AUD951.50 AUD 951 5 1 C-0 lý/06 22
00070 1;wbmd Batidtý Bil ati ýContracl pa,/iy,ent AUD951.50 AUD 951ý50 l 1,10 95:1 50 [ý/06/22
el 0 08 ,1 IJCSýiua Cllapellov, Contract pa,ýwent AU AUD 1 00 17/06/ý2
C0085 Taooina Batiata Birati Contract pa,ýrrent ýýUDI,236,95 AJE) 1,236.95 00
C0081 ýFinrisýi Cofisuýtiriý C,ý,oup :Cotitýaet Payrýwilt USD11,155,96 USD 11,156 96 1 4782391')J74534 16,492.55 13/09/22
C0092 Joshua Cýiapellovi ýContý act usr),ý 8q8-3(, USD ý478).'ý91,)17,l.5,ý4 4ýý.84 47
c . ODB9 Taobj-ia Batiata Bii,,tý i - ---, - - - . , -
Contract payrient AUIM,S79.49 AUD 1,519.ý49 1.00 15/09/2*ý
ý0093 oshk,,-ý Cliapelloýv 'ýt)Dtr 4(.-t AUD18,232,26 AUD 18,232.26 1.00 18,232 26 15/09/22
00088 loatazlkc Týnle0,1 Contrict p;jyrnP.nt AUD.ý,129,88 AUD -^',729,88 1.010 19/09/22
C0124 lQat?qký Tinicor Lontract payimerit AU01,8.13.62 AUD 4,833,62 1,CO
C0126 Taobina H[rati - Centt-,iý.t pýViýent AUD2,..Y9.g1 AUD 2,1'>,9-91 1.00 2,11'1'3.ý)i
C0128 loataake Tinneon contract payrnent AUDI,789,82 AUD 1,188.82 1 1.CO 82
m lý9 ](>ny LIEý.anteýtý Vagia Corittael paysyieý)t AUD3,7CO,33 AUD -3,760.33 1.CO -3,760ý3'3 ý/11/2022
ýlu:1 3u EC13 Invico & Conttact payýýieot AUD468,159.82 AUD ý2 1. 468,159.82
00134 CCB Eýivico & Osmoflo- Contract payrnent AUD246,P02-93 AUD 2ý,4t>,hl)2 .. 9ý
coi*ýe, fý11)1)lna Batiýita Bil,ati ]Contract pal/ment AUD.1708,41 AUD i co 1,?08 41.
C0118 Taobina Batiata Bliitý Irontract ý),3yrfiý.nt AUD1,1/9." AUD 1,1 /.n 8(1 1,119,86 28/1L/)2
-y. paýmnnt USD1,660.70 AUD 1,660.70 1.494090966ý,152 2,481,24 28/11/2022
loatýiak(ý lliTiLori ý,cr)tiýaet payrnent ýAUD1,712.70 AUD i 1,71ý 70 1,CO 1,71?.70 2B11112?
C01.44 Toly Ueziitpiti Výaia pa,/snenl ýAUD1,712,70 AUD 1,712,70 1.CO 1,712,70 29/11/22
ý01.50 Jobhua Chýp(?.iýov, pýiyýilLnt -US-D3,128. USD 1.4685141bý5b,4870
00155 Joihlia Cllapellovi Contract pýyriient USDý,498.91 U50 1,498,91 ' 11 8514ý6.656,1 -01ý1/ 9112,120
001.4ý -ýCR Fivico ý?, 0.9mofi(i Co - ntract ýiayniý>.,it AUD239,268.92 AUD 239,168.92 1.CO 239,168.92 12/12/2022
ýOllt),act pay,ýloýlt USD3,844ý58 USD 3,844.58 1,483b41974520,11(10 1 5,703,98 2/12/2022
00168 Cllapello,ýJ Contract payrneilt USDI,027.6ý USD I 48364197,15ý.11110ý) J,524.W. 1)Iý02.2
00ý13 Colisi,itiný,,, Grolip ý-ýor)tiact payiuellt USD60,7ý9ýEý4 USF) 60,729.64 1 4836419745MJIOI
001,111 JOSII(ýa Cliapýýlloý, CO[lt,act payinlent AUDIS,707.06 USý'ý 18,707.OG i CO lý,,707.06
00'16..4 lolly lýlýar,teiti ý/aaia Cciitract pay,ýie,it AUD1,880 . 3.6 ALD i co 1,980,16 13/12122
00166 Joshua Cýia,-)elloýv Cont,ziet pnymnnt AUDB,13.6.21 AUD ý,ý2 ýl
0015i Josllua Ch-,illelloýv ent AUD
ý00170 loataake Tin)non AUDI,26,1 ýýl AUD 1,864,134 1 00 :1'ý/12/22
----- --------
:;00157 Taoi)ina Hýitiin Riral lconý(,]Ct AtJUI,I19.86 AUD 00
- ------------------- - -
Total
P i g fý
Government of Kiribati - Financial Statement
South Tarawa Water Supply Project (STWSP)
For the year ended 31 Dec 2022.
Prepared by STWSP PMU (MISE) and approved by KFSU (MFED).
(x )2706LO34 Governm ent contribution
2021
Code ta mount
2706L342 4St1 Supplics 75,00
2706L34278 iSuJndry p urchasc 1,004,01
Total 1,079.01
iii) 6012.KIR
WA No. Paid To DetaIls WAAmount Amount Disbursed Equivalent in
by ADB AUD Vahle Date
00011 F:n, Consutirng Giroup Payment USD7,632.94 USD 7,632.94 14834197475 11,324.55 12 Dec 22
Con5t,act
r0012 Fnnish Paynent USD76,329.41 USD 76,329.41 1.48364197475 113,245 52 12-Dec-22
Total 124,570.07
IV) D5311<
WA No. Paid To Details WA Amount Amount Disbursed Equivalent in
by WB AUD Value Date
2041 39.0
004/22 CCB Eoi' 1 374,06. AUD 374,066.61 1,00 374,066 61 12/10/2022
nv.
204139.0
005/22 CCM Envico 02 197,199.19 AUD 197,199.19 1,00 197,199.19 14/1 1/2022
Iov.
204139q0
,006/22 CCB ivico 03 191,009,50 AUD 191,009_50 1.00 191,009.50 2/12/2022
Total 762,275.30
Payment to Designated Account 1,000,C00.00
Total 1,762,275.30
9|Page
Government of Kiribati - Financial Statement
South Tarawa Water Supply Project (STWSP)
For the year ended 31 Dec 2022.
Prepared by STWSP PMU (MISE) and approved by KFSU (MFED).
ii) Comparative Analysis
Financial Statements for STWSP
Statement of Comparison of Budget and Actual Amounts
For the Year Ended 31 December 2022
i) Denominated in AUD
Differnece Final
Final (Annual) Budget and
CURRENCY ActualAmounts Iuget OriginalBudget Actual
CASH INFLOWS
ExternalAssistance
A013 Grat 0652-KIR 1,018,956 7 19,080,8855.36 (1,018,955.76)
AD6 Grant 0653 <1R 1,262,55G 2G 42,021,980.0 (1,2G2,!55.26)
AD1 Grant 6012-KIR 124,570.07 2,271,749.6G (124,570.07)
WB Grant D5230 1K 1,762,275,30 22,016,406.18 (1,762,275.30)
Counterpart
Gol< LCDF 143,661224 ,186,963.01 (143,661.24)
Other
Total Receipts 4,312,019.63 87,577,984.82 (4,312,019.63)
CASH OUTFLOWS
Component 1 2,233,424 03 16,683,025. / 61,10,931.58 1.,449,(01 69
Component 2 23,734 21. 300,000.00 10,127,545.84 61,265.7.9
Component .3 10,200,934.8
Cormponent 4 698,200.15 1,17G,71180 689,S47.39 475,515.65
Unallocated expenses 143,798,66 10,000.00 8,542,365.50 (133,79866)
Preparatory Programmatic Advance 22,016406.18
Total Payments 3,312,157.05 18,169,739.52 112,768,032A7 14,857,582.47
NET CASH FLOWS 999,862.58
Exch rate USD to AUD xoreom dataed 31/12/2022 1.46776041215
Financial Statements for STWSP
Statement of Comparison of Budget and Actual Amounts
For the Year Ended 31 December 2022
i) Denominated in USD
Difernece Final
naI(nual_ Budget and
CURRENCY Actual Amounts Budget Original Budget Actual
CASH INFLOWS
External Assistance
ADB Grant 0652-KIR 692,32652 13,000,000.00 (692,326 52)
ADB Grant 0653-KIR 860,192.43 28,630,001.00 (660,192 43)
ADB Grant 6012 KIR 84,8/OBb (84,8/0.85)
WB Grant DS230 1I 1,200,655.97 15,000,000.00 (1,200,655.97)
Counterport
GoK LCDF 97,877.85 (97,A77.85)
Other
Total Receipts 2,935,923.62 58,816,963.01 (2,935,923.62)
CASH OUTFLOWS
Component 1 1,521,651.36 11,16G,31400 11,C90,000.00 9,811,679.64
Component 2 161,289,41 300,000.00 6,900,000.00 139,710 59
Component: 3 , 6,950,000.00
Component 4 471,791.90 501,707.00 470,000.00 327,915 10
Unallocated expenses 97,920.3F f,F13.10 5,820,000.00 (91,107 28)
Preparatory Programmatic Advance 15,000,000.00
Total Payments 2,254,G56.05 12,474,834.10 76,830,000.00 10,220,178.05
NET CASH FLOWS 681,267.57
lExch rate USD to AUD xerom rdataed 31/12/2022 1A6770041215,
10|Page
Government of Kiribati - Financial Statement
South Tarawa Water Supply Project (STWSP)
For the year ended 31 Dec 2022.
Prepared by STWSP PMU (MISE) and approved by KFSU (MFED).
Ii) Payments by Components
()(ii) (ii) (iv)
Component 1 Component 2 Component 4 Unallocated TOTAL
b GRANT KIR-0652
CSF-2 - FINNISH CONSULTING GRO 0.00 146,633.17 76,489.08 0.00 223,122.25
CSF3 Plan International Austral 0.00 0.00 19,363.63 0,00 19,363.63
CSI-1 PM - Joshua Chappelow 0.00 0.00 178,791.78 0.00 178,791.78
CSI-2 DPM - loataake Timeon 0.00 0.00 37,102.06 0.00 37,102.06
CSI-3 PMU Accountant - Tony Vaa 0.00 0.00 11,966.81 0.00 11,966.81
CSI -4 PMU SM - Taobina Batiata 0.00 0.00 18,272.30 0.00 18,272.30
CSI-5 - PMU SDGS-Rosemary Falet 0.00 0.00 13,320.87 0.00 13,320.87
GDVN-1 CCB Envico & Osmoflo JV 511,017.06 0,00 0.00 0.00 517,017.06
Total b GRANT KIR-0652 517,017.06 146,633.17 355,306.53 0.00 1,018,956.76
d D523KI 0.00
Bank Service Charges 0.00 0.00 0.00 137.42 137.42
GDWAN CCB Envico & Osmoflo JV 762,275.30 0.00 000 000 762,275,30
Total d D523KI 762,275.30 0.00 0.00 137.42 762,412.72
d GRANT 0653 0.00
CSF 2 - FINNIS CONSULTING GROU 0,00 90,101.04 46,999.89 0.00 137,100.93
CSF3-WASH B - Plan Internationa 0.00 0.00 11,898.28 0.00 11,898.28
CSI-5 Rosemary Faletoese 0.00 0.00 8,185.22 0.00 8,185.22
CSI 1 PM Joshua Chappelow 0.00 0.00 109,861.32 0.00 109,861,32
CSI 3-PMU ACCOUTANT -Tony Vaa' 0.00 0.00 7,353.19 0.00 7,353.19
CS12-DPM Ioataake Timeon 0.00 0.00 22,797.94 0.00 22,797.94
CS14-PMU SM -Taobina Babiata 0.00 0.00 11,227,71 0.00 11,227.71
GDWN-1 CCB Envico & Osmoflo JV 954,131.67 000 000 0.00 954,131 67
Total d GRANT 0653 954,131.67 90,101.04 218,323.55 0.00 1,262,556.26
e 6012 KIR 0.00
CSF2 - Finnish Consulting Group 000 0.00 124,570.07 0.00 124,57007
Total e 6012 KIR 0.00 0.00 124,570.07 0.00 124,570.07
GoK 2706L034 1,079 01
Total GoK 2706LO34 0.00 0.00 0.00 1,079.01 1,079.01
Total 2,233,424.03 236,734.21 698,200.15 1,216.43 3,169,574.82
11|I P a ge