ecu 4, AUDIT SERVICES 6074 ?" CORPORATION hlAltfr+ W7101fl DEVELOPMENT BANK OF ETHIOPIA ELECTRICITY NETWORK REINFORCEMENT AND EXPANSION PROJECT IDA CREDIT NO. 5126 ET. PARTS 3.1, 3.2, 4.2 and 4.3 IDA CREDIT NO. 5814 ET. PARTS 3.1 and 3.2 GRANTS TF A2302, TF A4038 and TF A4039 INDEPENDENT AUDITOR'S REPORT AND FINANCIAL STATEMENTS 30 JUNE 2022 Office of the Federal Auditor General Audit Service Corporation INDEPENDENT AUDITOR'S REPORT TO DEVELOPMENT BANK OF ETHIOPIA We have audited the accompanying financial statements of Development Bank of Ethiopia, Electricity Network Reinforcement and Expansion Project, financed under IDA credit no. 5126 ET. Parts 3.1, 3.2, 4.2 and 4.3: IDA credit no. 5814 ET. Parts 3.1 and 3.2: and Grants TF A2302, TF A4038 and TF A4039, which comprise the balance sheet as at 30 June 2022, the statement of sources and uses of funds and Designated Account statements for the year then ended, and a summary of significant accounting policies and other explanatory information including annexes I to 7. Management's Responsibility for the Financial Statements Management is responsible for preparation of financial statements that gives a true and fair veiw under the modified cash basis of accounting as described in note 2 to the financial statements, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments. the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements 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 entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to rovide a basis for our audit opinion. rt 251-011-5515222 Fax 251-011-5513083 E-mail:asc 572C 251-011-5535012 website WWW i 251-011-5535015 251-011-5535016 NDEPENDENT AUDITORS' REPORT TO DEVELOPMENT BANK OF ETHIOPIA (continued) In our opinion, the financial statements give a true and fair view of the financial position of Development Bank of Ethiopia, Electricity Network Reinforcement and Expansion Project, financed under IDA credit no. 5126 ET. Parts 3.1, 3.2, 4.2 and 4.3: IDA credit no. 5814 ET. Parts 3.1 and 3,2: and Grants TF A2302, TF A4038 and TF A4039, as at 30 June 2022 and of its sources and uses of funds for the year then ended in accordance with the modified cash basis of accounting described in note 2 of the financial statements. Report on Oiher Requirements In our opinion, - during the period IDA and Trust Funds have been used in accordance with the conditions of the financial agreements, with due attention to economy and efficiency, and only for the purpose for which the financing was provided; - goods, works and services financed have been procured in accordance with the relevant financing agreement including specific provisions of the World Bank Procurement Policies and Procedures; - all necessary supporting documents, records and accounts have been maintained in respective of all Project activities; - the Designated Accounts have been maintained in accordance with the provision of the relevant financing agreement and funds disbursed out of the Account were used for the purpose intended in the financing agreements. - National laws and regulation have been complied with; and - The financial performance of the Project is satisfactory; 6 January 2023 VCU DEVELOPMENT BANK OF ETHIOPIA ELECTRICITY NETWORK REINFORCEMENT AND EXPANSION PROJECT IDA CREDIT NO. 5126 ET, parts 3.1, 3.2, 4.2 and 4.3 IDA CREDIT NO. 5814 ET, parts 3.1 and 3.2 GRANTS TF A2302, TF A4038 and TF A4039 STATEMENT OF INCOME AND EXPENDITURES FOR THE YEAR ENDED 30 JUNE 2022 Cumulative from 12 June 2012 to 2022 30 June 2022 2021 Ethiopian Birr Ethiopian Birr Ethiopian Birr INCOME Gain on foreign exchange 9,002,224 58,166,497 9,656,358 Ci-Dev Trust fund TFA4038 and 4039 5,457,267 5,457,267 ESME Trust Fund TF0A2302 8,741,507 8,741,507 ESME Trust Fund TF0A2302 11,679,610 11,679,610 Interest income 23,294,725 -156,335,416 29,791,164 TOTAL INCOME 58,175,333 240,380,298 39,447,522 PROJECT EXPENDITURES Default to ESME 11,679,610 11,679,610 - Operational Costs 2.637,005 3,765,193 789,743 Modernization support 926,580 26,856,574 571,634 Interest expense 14,788,008 72,216,446 13,303,188 TOTAL PROJECT EXPENDITURES 30,031,203 114,517,824 14,664,566 EXCESS OF INCOME OVER EXPENDITURES 3 DEVELOPMEN' IANK OF ETHIOP1IA F,LECTRICITY NETWORK REINFORCEMENT AND EXPANSION PROJECT IDA CREI)IT NO. 5126 ET, parts 31,3.2, 4.2 and 4.3 IDA CREDIT NO. 5814 ET, parts 3.1 and 3.2 (;RANTS F' A2302, IF A4038 and IF A4039 BALANCE SHEET AS AT 30 JUNE 2022 2022 2021 Notes Ethiopian Birr Ethiopian Birr ASSETS NON-CURRENT ASSETS Long term loans 7 215,675,131 149,332,595 CURRENT ASSETS Cash 3 139,897,524 226,097,381 Short term loans 7 77,173,730 94,120,099 Debtors 4 788,190,159 749,810,586 1,005,261,413 1.070.028.066 TOTAL ASSETS 1,220,936,544 1,219,360,660 LIABILITIES Trust Fund 5 117,679,330 143,557,714 LONG TERM LIABILITIES Long term loan 6 971,160,842 972,339,235 CURRENT LIABILITIES Interest payable to the Ministry of Finance 6,233,898 5,745.368 TOTAL LIABILITIES 1,095,074,069 1,121,642,317 NET ASSETS 125.6.7 97.718.344 REPRESENTED BY ACCUNIULAT 125.862,47 \Q~4 DEVELOPMENT BANK OF ETHIOPIA ELCTRICITY NETWORK REINFORCEMENT AND EXPANSION PROJECT IDA CREDIT NO. 5126 ET. PARTS 3.1, 3.2, 4.2 and 4.3 IDA CREDIT NO. 5814 ET. PARTS 3.1 and 3.2 GRANTS TF A2302, TF A4038 and TF A4039 NOTES TO THE FINANCIAL STATEMENTS I PROJECT INFORMATION The Project was established to implement specific parts of IDA credit No. 5126ET. Which is jointly financed by the Government of the Federal Democratic Republic of Ethiopia and the International Development Association (IDA). The main objective of these parts of the projects is the establishment and operation of credit facilities providing financing to participating financing institution and private sector enterprises for specific development projects concerned with renewable energy and energy efficient products. In June 2016, additional finance was provided by IDA credit no. 5814 ET and grants (TF A2302, TF A4038 and TF A4039) from the Trust Fund for Energy. Under the term of the new financing agreement, some parts of the Projects are carried out in coordination with the Ministry of Water, Irrigation and Electricity. 2 SIGNIFICANT ACCOUNTING POLICIES a) Basis of preparation These financial statements have been prepared on a modified cash basis whereby non-monetary assets are expensed when acquired and monetary assets and liabilities are carried at fair value. b) Currency These financial statements are presented in Birr. Transactions in tbreign currency are translated into Birr at the approximate rate of exchange prevailing at the date of the transaction. Cash balances denominated in foreign currencies are translated into Birr e rates ruling at the balance sheet date. DEVELOPMENT BANK OF ETHIOPIA ELECTRICITY NETWORK REINFORCEMENT AND EXPANSION PROJECT IDA CREDIT NO. 5126 ET, parts 3.1, 3.2, 4.2 and 4.3 IDA CREDIT NO. 5814 ET, parts 3.1 and 3.2 GRANTS TF A2302, TF A4038 and TF A4039 NOTES TO THE FINANCIAL STATEMENTS 2022 2021 3 BANK BALANCES Ethiopian Birr Ethiopian Birr National Bank of Ethiopia- A/c No.0100381040073 113,883,135 125,562,745 A/c No.0200011040002 A/c No.026151560000 1,056,948 888,166 A/c No.1011171300038 15,199,674 88,255,800 A/c No.101171300039 A/c No.101171300043 6,277,190 7,637,653 A/c No.101171300045 -A34077 s753a17 1a292 2 226,097,8 4 DEBTORS Intra-bank account 782,373,722 742,908,264 Interest receivable 5816437 5 TRUST FUND WithdraiNn amount of a grant of five million Unitcd States dollars, representing the proceeds from JSD 5.211,286.15 143.557 714 6 DEVELOPMENT BANK OF ETHIOPIA ELECTRICITY NETWORK IlDA CREDIT NO. 5126 ET, parts 3.1, 3.2, 4.2 IDA CREDIT NO. 5814 ET, parts 3.1 and 3.2 GRANTS TF A2302, TF A4038 and TF A4039 NOTES TO THE FINANCIAL STATEMENTS 6 LONG TERM LOAN Ministry of Finance Unsecured loan, on-lent from IDA, bearing interest at the rate of 1.5% per annum, and repayable in 40 semi-annual instalments of Birr 23,870,778 each from June 2022 through December 2041. 7 Term Loans 7.1 Short Term Loans This type of loan is provided to Private Sector Enterprises which is rapayable within two years having grace period of six months and interest rate of 12%. 7.2 Long Term Loans This type of loan is provided to Micro Finance Institutions to be repayable within Five to twenty years having grace period of one year and interest rate of 8%. 8 DATE OF AUTHORIZATION The Vice-President of the Bank authorized the issue of these fil al statements on 6 January 2023. 7 DEVELOPMENT BANK OF ETHIOPIA ELECTRICITY NETWORK REINFORCEMENT AND EXPANSION PROJECT IDA CREDIT NO. 5126 ET, parts 3.1, 3.2, 4.2 and 4.3 IDA CREDIT NO. 5814 ET, parts 3.1 and 3.2 GRANTS TF A2302, TF A4038 and TF A4039 DESIGNATED ACCOUNT STATEMENT For year ended 30 June 2022 Account number 026151560000/0101171300035 Depository bank National Bank of Ethiopia Address Addis Ababa, Ethiopia Related credit IDA 5126 ET Currency USD Equivalent USD in Ethiopian Birr Opening balance at 30 June 2021 20,127.08 888,165.77 20,127.08 888,165.77 Add: Gain on foreign exchange _ 168,782.68 Ending balance at 30 June 2022 -.0170 1,056,948.45 8% I), 4, EEE.CTRtCITY NEIT\\ ORK RENFRC. ! T IDA CREDIT NO Si13 ET, ps , J D CRELDIT NO. 584 ET, p S IT GiTZNEW R RENFREMN )N AvM NPRJC DA CREDI 1NO. 5126 ET. yu 3.1,12,4 2 å A CRETDI NO 581-1 ETI pr 31 3 i cl ( I \, k S T i V2302, lF A4(038 d f AV 403 PROll(V RECEP il, A '8ÄN) 1 SE 11 F1UN D). O i i3 i A R E ['ND)D 31)0 JlNE 2Il: 0 2 Ulmiafive from 2 June 2012 (o 022? 30 Jime 2022 2021 Uoian B1 1ibioian ii Birr IKiliopi)tim Birr RECiPTS De.posn? to Deina)d A coun-ne 22> ,. 6285 1,138,589,334 1 25.6,816 Locns te bcneci ies Ž,cp.id - Annev -4 note a) 63,70!, 5 72 1,024,56846.5 221,484.087 Refu Coleciohn ,rom A r Ml (1 ,250,000) ([.2 50,000) kin on forceg .1echange 002,24 58,166,498 9,656,358 .nterest recei\ed, net of Piid - A nnex 4 noi eb' 0),08 1_-32 84,5364 30 17340,351 TOTAL RECEIPTS 205 4 803_13 2,304,610,727 372,727 642 USE OF FUNDS - ANNEX 2 CRLDITS Pan> 3.1 Loans provided to .tlgibe househoid' subcredit recipients by MFYs (Annex 2a) - 191,750,189 3,648,547 Part 3.2 Loans provided to elgi ble pr;\ ate sector enterprises (Annex 2b) 102,651,271 825,785,973 1 15,044.898 Loan Transfer to HO (13.072.806) (13,072.806) - Part 4.2 Modernization Support (Annex 2b) 1,458 9,634,391 473 1nri 4.3 Outreach programme - A SMO WE 3.639,182 GPRANTS Dciuit to ESMIE 11,679.610 11,679,610 Prt 2 Fechnical assistance to M FI's and DBEl 11.890,928 nder FFA-1038:in support ofdomestic biogas ERPA componen( 1- Operational Support 1.128.188 789.743 Component 2- Operational Support 2,637.004 2.637.004 nder [i A4)39: CapacitN bJilding under the off-grid ERPA Cornponent 2- Operational Support 925,122 1,692.075 5 71.161 \oj Iorro ing PaN ments 23,870,778 23,870,778 1OTA L PAIENTS 128,692,438 1,070,635,511 120,054,825 ENCESS OF RECEIPTS OVER IUSE OF FUNDS 76.787.875 .L212512á REPRESENTED BY i h at Bank - Designated A\ccounts 26,014,389 A , ( j,h ai Baink - Local Accounis l 13.883,135 1 * Recerablc from De\clopenlt Bank ofEtlhiopia - Ännex 4-1 note c) 782.373,722 AS anccs tu MI'o s & PSUs. as Set iiittilIed - Annex 3 31 1,703 970 1.233.975.21 13 ANNf"X 2 a DEVELOPMENINT HANK OVI TIO1110PiA ELECTRICITY NETVORK RYINFORCEiviENT AND FXPANSION PROJECT IDA CREDIT NO. 5126 ET, pais 3.11,2 4. IDA CREDIT NO 5814 ET, paris 31 ad 11 GRItANTS T 1 2302, TF AJO38 and TF A,409 2 Jumc 2012 io 1022 30 June 2022 2021 EA hiopi,n Bi r Eihiopan Birr Ethiopian firr L 8U OF FUNDS IIY PROJECT COMP1LON E;NT Component 31 IIFFs Loans provided to eligible household/ suLecredit recipiCns by MF I1I (OCSCO) 2 1,7631498 - Loans provided to eligible household/ subcredit recipients by MFI 2 (Wasasa) 6,916,643 - Loans provided to eligible household" subcredit recipients by MFI 3 (DECSI) 25,000,000 - Loans provided to eligible household/ subcredit recipients by MFl 4 (ACSI) 85,671,500 - Loans provided to eligible household/ subcredit recipients by MFI 5(OMO) - 25,000,000 - Loans provided to eligible household/ subcredit recipients by MFI 6(SPECIALIZED.F) - 5,000,000 - Loans provided to eligible household/ subcredit recipients by MFI 7(HARBU.MF) - 2,500,000 Loans provided to eligible household/ subcredit recipients by MFI 8(PEACE) - 7,398,547 3,648,547 Loans provided to eligible houschold/ suberedit recipients by MFI 9(AGAR MF) - - Loans provided to eligible household/ subcredit recipients by MFI I0(VISION) - 10,000,000 Loans provided to eligible household/ subcredit recipients by MI I 1(MEKLIT) 1 150,000 Loans provided to eligible household/ suberedit recipients by MFI 12(METEMAMEN) 1,250,000 Sub total - 191,750,189 3,648,547 14 ANNEX 2 b SVELOPMN I'BANK OF ETPIlOPlA LEC TII Y NETWORK RI,"N REMENT AND EPANSiON PROJECT A IN CRED)i'T NO 5126 ET' pats' 2 , , I2 DA C REFD t;i NO. 5814 E, pr ,Ian i GRA NTST 20,T 43 n F0 ' umulative from f 2 lne 2012 to 22 )0 June 2022 2021 'i bzOiopianmi Birr Ethiopian Birr I F - Iub tta 9J250J _89 3,648,547 Component 32 PSE's 63,774,353 emessen A E 5,536,350 n Ele'ctroc s 51,834,394 - Rens s Engneern ad i13 653 360 45,304,901 Brukan Yira Y aaw28,065,639 16,675,260 \ieserer Mae Geb:e 7.430 478 20,859,705 6,267,907 Aiphasc!I Mduar Encir,1 11,760,843 - Greer Scene energy Pie. 1,396,424 T dest Tadese G Mariam 8,746,250 Wondew\ osen Deneke Alboye 2,015,331 BCAD Consu'ling Managment Plc. - 12,100,596 - IDRIHS Genera! Business Plc. - 39,032,499 18,084,125 Ceen HO-pe tracing Plc. 7,694,133 11,712,712 - A 'vio. General Trading Pic. 22,293,132 4,212,720 MESAF Trading Pc- 3,263,516 - EZOP- EL Engineering PLC 298,031 - Vera Intemnatonal Business - 188,393,307 - B3nu Adug.a Business SC 21,721,059 - Lyde: Co. PLC - 59,727,200 15,932,291 Gene, Nigussie (ETHIO-ADD) - 5,602,310 - SA T Import Trading PLC - 21,683,210 13,359,135 Abebaye Abate Wassie - 13,072,806 Solartech Renewable Energy PLC - 1,686.118 - i ldasie Telecom Share Co. - 47,621,463 - ver Bright PLC - 2.617,103 - kr kun Menkir Gizaw - 6,912.974 - ,3MLA Trading PLC - 3.733,372 - A w (raris Getaneh Lakew 5,786,286 - Brighi Future Solar Trading PLC - 12,173,843 7,326,515 Apex Energy Technologies PLC 3,132,098 4.934,397 1.802,299 Everything Trading PLC 10.788,073 10,788.073 'Korkneh Mekonnen Wubneh 20,596.572 20,596,572 Daýw Tleka/Hlighlight Trading 10,660,646 10,660,646- B Fou,ir Family Trading 24.915,898 24,915,898 Fasil Zelalem Addis 15.387.767 15.387,767 - Yared Bisrat (Jupiter Trading) 19,776,891 19,776,891 Sub total 102,651,271 825,785,972 115,044,898 Totals carried forward 102,651,271 1,017,536,161 118693445 15 Annex 2 b DEVEEOPMIENT YBANK OF ET1H, ' ELECTRICITY NETl'WORK REINFORCEMENT AN EXPANSION PROJECT IDA CREDI N. 5126 ET, parts 3.i, 3. 2 an 4 IDA CREDIT NO. 5814 ET, parts ,I and "2 GRA ýNTS TF A 2 302, TF A4038 and Tf A403 Curnulative from 12 June 2012 to 2022 30 June 2022 2021 Edhiopian Birr Ethiopian Birr Ethiopian Birr Totals brought [onvard 102,65i,271 1,017536,161 118,693,445 ESME Grant Component Collateral Support Facility 1 679,610 i 1,679,6 10 Component 4.2 Modernization Support Training and wNorkshops - 6,796,176 Operating costs 1,458 2,838,214 473 Sub total 1.458 9,634,390 473 Component 4.3 Outreach Programme - MOWE Technical Assistance 3,639,182 Grant component 2 Technical Assistance : 11,890,928 Grant TFA4038:in support of domestic biogas ERPA Component 1-Biogas user survey - 1,128,188 789,743 Component 2-Operational Suport 2,637,004 2,637,004 Grant TFA4039:Capacity Building under the off-grid ERPA Component 2-Operational Suport 925,122 1,692,074 571,161 Grand Total 117.894,465 12 1 16 D\ l ìA VN 0 ) NIN'f B ÅN K OF ET H-i C E CTI,iY N'FWORK RINFORM T AND EXPANSION PROJECT DA -RE0DIT No 5126 ET, parls 3- 2 d I D.A CRI1)IT N. .5814 ET, parts 3 ad 3 2 A2302,F A4038 and TF 031 9 A DVAÅNCE'0 O MFI FROiMV REVOLU NG FU Loans prov'ided to Beginning beneficiaries/ End advance Advances to suberedits by advance ajmce_ VFIiIN IFl's balance E'F3 ETB ETB ETB To MFl's MFI 1 OCSSCO I11,250,000 - 11.250,000 MFl 2 Wasasa 3,750,000 5,394,943 - 9,144,943 MFl 3 DECSI 10,000,000 - 10,000,000 MFl 4 ACSI 57,500,000 30,000,000 - 87,500,000 MFI 5 OMO Microfinance - 23,502,500 - 23,502.500 MF1 6 SPECIALIZED.F 25,000,000 18,750,000 - 43,750,000 MF! 7 HARBU.MF 6,250,000 6,875,000 - 13,125,000 MF1 8 PEACE 30,101,453 22,500,000 - 52,601,453 MFI 9 AGAR MF 850,000 - 850.000 MFI 10 VISION 10,000,000 10,000,000 - 20,000,000 MF 11 MEKLIT 3,750,000 11,875,250 - 15.625.250 MFI 12 METEMAMEN 13,437,500 4,687,500 - 18,125,000 MFI 13 ESHET MF 2,500,000 3,729,825 - 6,229,825 Sub-total 174,388,953 137,315,018 311,703,970 17 ANNEX 3b DEVELOPIMENT BANK OF ETHIOPIA ELECTRICITY NETWORK REINFORCEMENT AND EXPANSION PROJECT IDA CREDIT NO. 5126 ET, parts -)3, 42 4nd -3 IDA CREDIT NO, 5814 ET, parts 3.1 and 3.2 GRANTS TF A2302, TF A4038 aid ITF A4039i ADVANCE UTILIZATION OF P'SUS PSE documents or e Loans miadc invoices Ending advauce (LCoj)ened etc obtained/ LC advance To PSE's balance byDBE cancelled balance FJ 1T. ETB ETB Tcmesgen Ayana Erena Universal Electronics Rensys Engineering and Trade 13653:360 13,653,360 Birtukan Yirga Yitayaw Meseret Mare Gebre 7,430,478 Aiphasol Mdular Energy Green Scene energy Plc. Solartech Renwable EnergyPlc SAT Import Trading PLC Wondewlosen Deneke Aboye - - BCAD Consulting Managment F - - DRHS General Business Plc. - - Green Hope trading Plc. - 7,694,133 7,694,133 Alviol General Trading Plc. - - - - MESAF Trading Plc - - - - Vera International Business - - - - Lydet Co. PLC - - - - Ever Bright Plc - - - - Abebaye Abate Wasse - - - - Hedasie Telecom share Compan - - - - BMLA Trading Plc - - - - Genet Nigussie (ETHIO-ADD) - - - Awuraris Getaneh Lakew - - Bright Future Solar Trading Plc - - - Everything Trading PLC - - - Workneh Mckonnen Wubneh - - - Apex Energy Technologies PLC 3.132,098 3,132.098 Dawit Teka/lighlight Trading 10,660,646 - 10,660.646 B Four Family Trading - 24.915.898 24,915,898 Fasil Zelalern Addis - 15,387,767 15,387,767 Yared Bisrat (Jupiter Trading) 19,776,891 19,776.891 Sub-total 13,792,744 88,858,527 102,651,271 Sub-total - MFI's 174,388,953 137,315,018 - 311,703,970 Grand Total 1.88181,697 226173.545 102-U1.271 311.7 18 ANNEX 4 DEVE' LOMENT 3AN OF ETIP10I A ELECTRICITY NETWORK REINFO RCEM N AND EXPANSION PROJECT IDA CREILT NO. 5126 ET, parts11 3, 4 nd 3 IDA CREDIT NO. 5814 ET, paris 31 and 3/ GRANTS TF A2302, TF A4038 and TF A/AI39 a) LOANS TO BENEFICIARIES REPAD Loans pro, ided to cigLible private sector enterprises are short term and those provided to MFis is Long term. This is the total amount repaid through reporting period ended 30 June 202:_ b) INTEREST RECEIVED, NET OF PAID Interest is charged on loans given to beneficiaries and is payable at a lower rate of interest to the Ministry of Finance under a subsidiary loan agreement. c) RECEIVABLE FROM DEVELOPMENT BANK OF ETHIOPIA This balance is an intra-bank account which the Project has with the banking division of the Bank. It is comparable to cash at bank. 1 9 M EOPMENT BANK OF ETHIUPIA ELECTRICITY NETWOR REINFORCEMENT AD E'PANSION PROJECY IDA CREDIT NO. 5126 ET, par 3.1 32, 4.2 and 43 DA CRLDVT NO, 5814 ET, parts 3, and 3,2 GRATS TF ÅU302, TF A4038 and TF A4039 Anne 5 Bance at 1 Balance at 30 J uly 2021 Amonn( ufiled June 2022 Bl R R Birr Birr TFA23X2 ESME Grant 134,304,253 20,421117 113,883,136 TFA4038 Clean Cooling 6227,527 3,765192 2,462,335 TFA 4D39 off-grid _3,02,934 ! 7 1,333,859 1_434571<4 2_28,384 117679330 20 Annex 6 DEVE LO P M E NT BANK OF ETI 10 Pi ELECTRICVTY NETWORK REIORCE?/ENT AND EXPANSIoN PROJECT 1DA CREDIT N(, 5126 ET, parts 3.1, 3.212 and ,3 IDA CREIT NO 5814 ET, parts 3.1 and 3 GRANTS TF A2302, TF A4038 and TF 4039 schedule of Default Collateral Supportacihty colTateral Toal CFAmount supor t Descripfio Approved CFmu facility I amount use .9 ~Loan Collateral Support Facility For Renewable Energy & Abebaye Energy Abate Efficient i3 Wasse products 13,077,127.38 ETB 13077 127.38 89.31% 11,679,609.99 TOTALS 11,679,609.99 21 Annex 7 DELVELOPMEIiNT BANK OF ETHiOPIA; FLEECTRICITY NETWORK REINFORCEMENT ,AJND EXPANSION PROJECT l DÅ REiT NO. 526 ET, d prs 3.1, 3.7, i.2 and 4,3 IDA CREDI FNO. 5814 ET, parts 31 and 3.2 GRN'TS TF A2302, TF A4038 and TF A4039 LIST OF ASSETS AQUIRED FROM THE PROJECT FUNDS DESCRI'TION Cost United Pieces Ethiopian States Birr Dollar FROM Grant TF A40' Licence for Microsft SQL Server 2019 4 1,026,000 22,335 FROM Grant TF A4038 Lap Top Core i7-7000 Family 6 1891960 5,155 22