LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II AUDITED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS’ REPORT 31 DECEMBER 2020 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association PROJECT INFORMATION PROJECT MANAGEMENT: General Department of Housing, Ministry of Land Management, Urban Planning and Construction: H.E Dr. Roth Hok, Project Director Mr. Rithy Ratanakcheyseth, Project Manager Mr. Chan Sophanna, Finance Officer National Committee for Subnational Democratic Development Secretariat, Ministry of Interior: Mr. Ma Onn Ma On Nath, Project Coordinator Mr. Chhim Sam El, Deputy of Project Coordinator Mr. Man Buntharith, Finance Officer General Directorate of Agriculture, Ministry of Agriculture, Forestry and Fisheries: Mr. Sameng Keomonine, Project Manager Mr. Cheach Damith, Finance Officer IMPLEMENTING AGENCIES: Ministry of Land Management, Urban Planning and Construction National Committee for Subnational Democratic Development Secretariat Ministry of Agriculture, Forestry and Fisheries PRINCIPAL BANKER: National Bank of Cambodia Acleda Bank Plc. AUDITORS: BDO (Cambodia) Limited LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH 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 4 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2020 Note 31.12.2020 31.12.2019 US$ US$ ASSETS Cash and bank balances 3 775,196 647,511 Advances 4 192,948 101,896 TOTAL ASSETS 968,144 749,407 CURRENT LIABILITY Other payables - 2,313 TOTAL LIABILITY - 2,313 NET ASSETS 968,144 747,094 FUND BALANCE 968,144 747,094 The accompanying notes form an integral part of the financial statements. 5 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-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 2020 1.1.2020 1.1.2019 Cumulative to to to Note 31.12.2020 31.12.2019 31.12.2020 US$ US$ US$ SOURCES OF FUNDS International Development Association 5 8,250,353 5,395,046 21,690,652 Royal Government of Cambodia (counterpart fund) 6 125,123 171,021 642,977 Interest income (IDA-project account) 328 396 1,424 Interest income (RGC-project account) 38 49 208 8,375,842 5,566,512 22,335,261 EXPENDITURES BY CATEGORIES Civil works 7 5,250,152 2,674,050 11,249,519 Goods 8 132,994 651,551 1,863,831 Consulting services 9 1,255,542 1,010,899 3,140,222 Training and workshops 10 702,758 989,450 2,573,575 Operating costs 11 813,346 518,693 2,539,970 8,154,792 5,844,643 21,367,117 Excess/(Deficit) of sources of funds over expenditures 221,050 (278,131) 968,144 Fund balance at beginning of year 747,094 1,025,225 - Fund balance at end of year/period 968,144 747,094 968,144 EXPENDITURES BY COMPONENTS 12 Infrastructure and livelihood systems 7,657,283 5,314,823 18,823,949 Project management 497,509 529,820 2,543,168 8,154,792 5,844,643 21,367,117 The accompanying notes form an integral part of the financial statements. 6 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-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 2020 Actual 1.1.2020 Total to budget 31.12.2020 US$ US$ (unaudited) SOURCES OF FUNDS International Development Association 8,250,353 Royal Government of Cambodia (counterpart fund) 125,123 Interest income (IDA-project account) 328 Interest income (RGC-project account) 38 8,375,842 EXPENDITURES BY CATEGORIES Civil works 4,953,300 5,250,152 Goods 146,499 132,994 Consulting services 1,616,602 1,255,542 Training and workshops 1,496,811 702,758 Operating costs 1,045,151 813,346 Community grant 719,740 - 9,978,103 8,154,792 Excess of sources of funds over expenditures 221,050 Fund balance at beginning of year 747,094 Fund balance at end of year 968,144 EXPENDITURES BY COMPONENTS Infrastructure and livelihood systems 9,289,569 7,657,283 Project management 688,534 497,509 9,978,103 8,154,792 7 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-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 2020 (continued) Actual 1.1.2019 Total to budget 31.12.2019 US$ US$ (unaudited) SOURCES OF FUNDS International Development Association 5,395,046 Royal Government of Cambodia (counterpart fund) 171,021 Interest income (IDA-project account) 396 Interest income (RGC-project account) 49 5,566,512 EXPENDITURE BY CATEGORIES Civil works 4,180,954 2,674,050 Goods 840,728 651,551 Consulting services 1,376,578 1,010,899 Training and workshops 1,695,030 989,450 Operating costs 658,383 518,693 Community grant 143,948 - 8,895,621 5,844,643 Deficit of sources of funds over expenditures (278,131) Fund balance at beginning of year 1,025,225 Fund balance at end of year 747,094 EXPENDITURES BY COMPONENTS Infrastructure and livelihood systems 8,220,126 5,314,823 Project management 675,495 529,820 8,895,621 5,844,643 The accompanying notes form an integral part of the financial statements. 8 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association STATEMENT OF DESIGNATED ACCOUNTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 1.1.2020 1.1.2019 Cumulative to to to Note 31.12.2020 31.12.2019 31.12.2020 US$ US$ US$ SOURCES OF FUNDS Unused funds from the previous year/period 680,188 981,748 - Funds received during the year 5 8,250,353 5,395,046 21,690,652 Interest income (IDA-project account) 328 396 1,424 8,930,869 6,377,190 21,692,076 EXPENDITURES BY CATEGORIES Civil works 7 5,250,152 2,674,050 11,249,519 Goods 8 132,994 651,551 1,863,831 Consulting services 9 1,242,227 1,000,487 3,116,495 Training and workshops 10 702,758 989,450 2,573,575 Operating costs 11 677,676 381,464 1,963,594 8,005,807 5,697,002 20,767,014 Fund balance at end of year/period 925,062 680,188 925,062 REPRESENTED BY: Cash on hand 3 1,006 2,034 1,006 Cash at banks 3 731,108 578,571 731,108 Advances 4 192,948 101,896 192,948 Other payable - (2,313) - 925,062 680,188 925,062 The accompanying notes form an integral part of the financial statements. 9 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association NOTES TO THE FINANCIAL STATEMENTS 1. PROJECT BACKGROUND The Land Allocation For Social And Economic Development Project II (“the Project”) was established under the Financing Agreement Number 5807-KH signed on 9 June 2016 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 8 August 2016. The amount of funding under the financing agreement to be provided to the Project is SDR18,200,000, 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 16,800,000 100% services, Consultants’ services, Training and Workshops Cost under Part 1 and 2 of the Project excluding Community Grants (2) Community Grants under Part 1.2 and 1,400,000 100% of amounts 1.3 of the Project disbursed (3) Emergency Expenditure under Part 3 - 100% of the Project TOTAL 18,200,000 The Project started with the objective to help improve target beneficiaries’ access to agriculture resources and selected infrastructure and social service in Project communities. The Project is being implemented by the following ministries: 1. Ministry of Land Management, Urban Planning and Construction (“MLMUPC”); and 2. National Committee for Subnational Democratic Development Secretariat (“NCDDS”); and 3. Ministry of Agriculture, Forestry and Fisheries (“MAFF”). The Project consists of the following parts: Part 1: Infrastructure and Livelihood Systems 1.1 Social Land Concession Investment Planning and Prioritization: Planning and prioritization of investments in selected Social Land Concession (“SLC”) sites in the Project Provinces; including: (a) participatory preparation (at new site) and updating of SLC plans (at existing sites), including land surveying, detailed land use planning, processing of requests for land allocation, sensitization and communication on SLC processes and implementation of participatory review processes by communal authorities, land allocation and demarcation of and within the selected SLC sites, and facilitation of the land titling process in the selected SLC sites; and (b) identification, prioritization and planning of appropriate Sub-project technology and infrastructure investments, including the carrying out of a baseline survey, agro-ecosystem analysis, water management planning, assessment of environmental and social safeguard aspects, and establishment of SLC-related management information system as input to the SLC planning and prioritisation. 10 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association 1. PROJECT BACKGROUND (continued) Part 1: Infrastructure and Livelihood Systems (continued) 1.2 Land Preparation and infrastructure Development: Provision of technical assistance and Community Grants to Beneficiaries for land preparation and the implementation of prioritized infrastructure investments in the selected SLC sites; including: (a) provision of settling-in assistance to new land recipients; (b) provision of initial land preparation assistance including a first cover crop; and (c) provision of productive and social community infrastructure such as rural roads, small-scale irrigation systems, rural water supply and sanitation, education facilities, health posts and community centers, among others. 1.3 Agriculture and Livelihood Development: Provision of technical assistance and Community Grants to Beneficiaries for consolidation and improvement of agricultural production systems and improvements in the livelihoods, food security and nutrition status of land recipients; including: (a) conduct of community organizing and development activities; (b) provision of agricultural service and extension support following a pluralistic service provider approach; (c) establishment of farmer-managed demonstration plots and model farms; (d) establishment and/or strengthening of farmers organizations, agriculture cooperatives, production and marketing groups and other community interest groups; and (e) establishment of a community fund and provision of Community Grants to strengthen successful local initiatives in the selected SLC sites. Part 2: Project Management 2.1 Provision of technical and operational assistance for the overall project administration and coordination of the Project; including: (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 3: Contingent Emergency Response Provision of immediate response to an Eligible Crisis or Emergency, as needed. 11 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association 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$”), have been prepared in accordance with modified cash basis of accounting. Under this basis of accounting, fund received is recognised when received rather than when the right to receive it arises, and expenditure is recognised when it is paid rather than when incurred, except for the advances to implementing agencies as well as other payable, which are initially recognised as receivables and payable in the financial statements and will be reversed when payments are received or made. The financial statements present sources and uses of funds, and the related financial information in relation to the IDA fund withdrawals and disbursements from the Project’s designated account as specified under the Financial Agreement Number 5807-KH between the MEF of RGC and the IDA of World Bank. 2.2 Sources of funds Funds from the IDA are recognised as a source when cash is transferred to the Project’s designated account or when direct payments are disbursed by the IDA, rather than when committed or budgeted. Counterpart fund is recognised as a source when cash is withdrawn from the State Treasury or when a payment is transferred directly from the State Treasury to the Project’s national bank account. 2.3 Expenditures Expenditure is recognised when payment is made rather than when it is incurred, except as disclosed in Note 2.1 to the financial statements. 2.4 Equipment Equipment procured is recognised as expenditure when received or when handed-over from the contractors or suppliers upon the respective acceptance and approval by the Project. 2.5 Cash Cash consists of cash and bank balances with insignificant risk of changes in values. The Project maintains a designated account with the National Bank of Cambodia in a US$ 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. 12 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association 2. BASIS OF PREPARATION AND SIGNIFICANT ACCOUTING POLICIES (continued) 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. 3. CASH AND BANK BALANCES 31.12.2020 31.12.2019 GDH- NCDDS- GDA- GDH- NCDDS- GDA- MLMUPC MOI MAFF Total MLMUPC MOI MAFF Total US$ US$ US$ US$ US$ US$ US$ US$ IDA Cash on hand 402 335 269 1,006 856 850 328 2,034 Cash at banks 114,867 605,286 10,955 731,108 65,938 492,832 19801 578,571 115,269 605,621 11,224 732,114 66,794 493,682 20,129 580,605 Counterpart fund Cash at banks 10,440 32,402 240 43,082 9,360 57,306 240 66,906 125,709 638,023 11,464 775,196 76,154 550,988 20,369 647,511 4. ADVANCES 31.12.2020 31.12.2019 GDH- NCDDS- GDA- GDH- NCDDS- GDA- MLMUPC MOI MAFF Total MLMUPC MOI MAFF Total US$ US$ US$ US$ US$ US$ US$ US$ IDA Kompong Chhnang - 50,764 - 50,764 - 38,709 - 38,709 Kompong Thom - 38,968 - 38,968 - 1,445 - 1,445 Kratie - 46,212 - 46,212 - 20,059 - 20,059 Kompong Speu - 41,397 - 41,397 - 40,458 - 40,458 Tbong Khmum - 15,607 - 15,607 - 809 - 809 Staff advance - - - - - 416 - 416 - 192,948 - 192,948 - 101,896 - 101,896 13 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association 5. INTERNATIONAL DEVELOPMENT ASSOCIATION 1.1.2020 1.1.2019 Cumulative to to to 31.12.2020 31.12.2019 31.12.20 GDH- NCDDS- GDA- GDH- NCDDS- GDA- MLMUPC MOI MAFF Total MLMUPC MOI MAFF Total Total US$ US$ US$ US$ US$ US$ US$ US$ US$ Fund receipts 329,550 7,843,950 76,853 8,250,353 257,199 5,058,103 79,744 5,395,046 21,690,652 6. ROYAL GOVERNMENT OF CAMBODIA (COUNTERPART FUND) 1.1.2020 1.1.2019 Cumulative to to to 31.12.2020 31.12.2019 31.12.20 GDH- NCDDS- GDA- GDH- NCDDS- GDA- MLMUPC MOI MAFF Total MLMUPC MOI MAFF Total Total US$ US$ US$ US$ US$ US$ US$ US$ US$ Fund receipts 30,780 76,223 18,120 125,123 31,458 122,663 16,900 171,021 642,977 7. CIVIL WORKS 1.1.2020 1.1.2019 Cumulative to to to 31.12.2020 31.12.2019 31.12.20 GDH- NCDDS- GDA- GDH- NCDDS- GDA- MLMUPC MOI MAFF Total MLMUPC MOI MAFF Total Total US$ US$ US$ US$ US$ US$ US$ US$ US$ IDA Social community infrastructure - 161,937 - 161,937 - 88,011 - 88,011 792,145 Land preparation - 34,568 - 34,568 - 678,787 - 678,787 2,440,025 Building-School and Health - 67,422 - 67,422 - 389,658 - 389,658 1,026,746 Laterite and earth roads - 4,871,848 - 4,871,848 - 1,282,244 - 1,282,244 6,460,617 Other civil work - 114,377 - 114,377 - 235,350 - 235,350 529,986 - 5,250,152 - 5,250,152 - 2,674,050 - 2,674,050 11,249,519 14 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association 8. GOODS 1.1.2020 1.1.2019 Cumulative to to to 31.12.2020 31.12.2019 31.12.20 GDH- NCDDS- GDA- GDH- NCDDS- GDA- MLMUPC MOI MAFF Total MLMUPC MOI MAFF Total Total US$ US$ US$ US$ US$ US$ US$ US$ US$ IDA Technical and software - 6,980 - 6,980 - 113,290 - 113,290 139,884 Vehicle - - - - - 87,674 - 87,674 469,020 Furniture and equipment - 4,800 - 4,800 715 252,142 - 252,857 609,925 Seeding and supply - - - - - 197,730 - 197,730 523,788 Goods supply - 121,214 - 121,214 - - - - 121,214 - 132,994 - 132,994 715 650,836 - 651,551 1,863,831 9. CONSULTING SERVICES 1.1.2020 1.1.2019 Cumulative to to to 31.12.2020 31.12.2019 31.12.20 GDH- NCDDS- GDA- GDH- NCDDS- GDA- MLMUPC MOI MAFF Total MLMUPC MOI MAFF Total Total US$ US$ US$ US$ US$ US$ US$ US$ US$ IDA National consultant fee 153,916 1,040,465 - 1,194,381 165,011 832,397 - 997,408 3,065,570 International consultant fee 33,883 13,963 - 47,846 3,079 - - 3,079 50,925 187,799 1,054,428 - 1,242,227 168,090 832,397 - 1,000,487 3,116,495 Counterpart fund National consultant fee - 13,315 - 13,315 - 10,412 - 10,412 23,727 187,799 1,067,743 - 1,255,542 168,090 842,809 - 1,010,899 3,140,222 15 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association 10. TRAINING AND WORKSHOPS 1.1.2020 1.1.2019 Cumulative to to to 31.12.2020 31.12.2019 31.12.20 GDH- NCDDS- GDA- GDH- NCDDS- GDA- MLMUPC MOI MAFF Total MLMUPC MOI MAFF Total Total US$ US$ US$ US$ US$ US$ US$ US$ US$ IDA Training and workshops 12,840 625,626 64,292 702,758 67,799 854,110 67,541 989,450 2,573,575 11. OPERATING COSTS 1.1.2020 1.1.2019 Cumulative to to to 31.12.2020 31.12.2019 31.12.20 GDH- NCDDS- GDA- GDH- NCDDS- GDA- MLMUPC MOI MAFF Total MLMUPC MOI MAFF Total Total US$ US$ US$ US$ US$ US$ US$ US$ US$ IDA Office stationaries 835 21,011 1,434 23,280 2,897 18,035 1,851 22,783 80,611 Office supply 2,862 22,973 1,368 27,203 2,774 12,982 1,779 17,535 67,598 Service fee 56 2,537 - 2,593 117 2,121 24 2,262 7,568 Copy and printing 164 3,831 90 4,085 2,747 3,846 236 6,829 28,288 Vehicle cost (repair, maintenance, and fuel) 10,696 138,016 11,741 160,453 17,519 168,658 10,885 197,062 606,703 Media and newspaper 7 10,359 - 10,366 246 17,786 - 18,032 40,922 Communication costs 1,033 10,762 1,349 13,144 940 7,794 660 9,394 48,874 Support staff 16,025 78,996 5,400 100,421 15,370 76,901 4,200 96,471 336,905 Meeting and mission fee 45,916 - - 45,916 - - - - 45,916 Technical assistant-Travel and daily subsistence allowance cost - 287,289 84 287,373 - 10,016 1,080 11,096 697,367 Others 2,842 - - 2,842 - - - - 2,842 80,436 575,774 21,466 677,676 42,610 318,139 20,715 381,464 1,963,594 Counterpart fund Priority operating cost (“PoC”) 29,700 87,850 18,120 135,670 31458 87,651 18120 137,229 576,376 110,136 663,624 39,586 813,346 74,068 405,790 38,835 518,693 2,539,970 16 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association 12. EXPENDITURES BY COMPONENTS 1.1.2020 1.1.2019 Cumulative to to to 31.12.2020 31.12.2019 31.12.20 GDH- NCDDS- GDA- GDH- NCDDS- GDA- MLMUPC MOI MAFF Total MLMUPC MOI MAFF Total Total US$ US$ US$ US$ US$ US$ US$ US$ US$ Infrastructure and livelihood systems 247,045 7,345,860 64,376 7,657,281 235,889 5,011,393 67,541 5,314,823 18,823,947 Project management 63,730 394,279 39,502 497,511 74,783 416,202 38,835 529,820 2,543,170 310,775 7,740,139 103,878 8,154,792 310,672 5,427,595 106,376 5,844,643 21,367,117 13. DESIGNATED ACCOUNTS AND WITHDRAWAL APPLICATIONS 13.1 Statement of designated accounts - IDA Loan 2020 2019 GDH- NCDDS- GDA- GDH- NCDDS- GDA- MLMUPC MOI MAFF Total MLMUPC MOI MAFF Total US$ US$ US$ US$ US$ US$ US$ US$ Balance as at 1 January 66,794 593,265 20,129 680,188 88,810 864,296 28,642 981,748 Add: Total amount advanced during the period 329,550 7,843,950 76,853 8,250,353 257,199 5,058,103 79,744 5,395,046 Interest income-current account (Project account) - 328 - 328 - 396 - 396 Deduct: Total amount withdrawn for expenditures during the period (281,075) (7,638,974) (85,758) (8,005,807) (279,215) (5,329,530) (88,257) (5,697,002) Balance as at 31 December 115,269 798,569 11,224 925,062 66,794 593,265 20,129 680,188 17 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association 13. DESIGNATED ACCOUNTS AND WITHDRAWAL APPLICATIONS (continued) 13.2 Summary of withdrawal applications - IDA Loan (a) GDH-MLMUPC Amount claimed for replenishment Initial Consulting Training and Operating Withdrawal application number Date advance Civil works Goods services workshops costs Total US$ US$ US$ US$ US$ US$ US$ 2016 to 2018 WA # NCSLC-001 ADV 8 Nov 2016 150,000 - - - - - 150,000 WA # NCSLC-001 11 Apr 2017 - - - - 9,771 1,924 11,695 WA # GDH-17-002 29 Jun 2017 - - 460 - - 9,239 9,699 WA # GDH-17-003 27 Oct 2017 - - - 20,005 290 17,940 38,235 WA # GDH-18-004 7 Feb 2018 - - - 19,805 2,015 26,913 48,733 WA # GDH-18-005 24 Jul 2018 - - - 29,758 34,786 18,088 82,632 WA # GDH-18-006 15 Nov 2018 - - - 28,857 19,981 14,110 62,948 150,000 - 460 98,425 66,843 88,214 403,942 2019 WA # GDH-19-007 8 Feb 2019 - - - 24,711 20,081 16,398 61,190 WA # GDH-19-008 28 Mar 2019 - - - 19,609 6,510 5,156 31,275 WA # GDH-19-009 27 Jun 2019 - - 715 55,546 15,200 9,494 80,955 WA # GDH-19-010 28 Oct 2019 - - - 52,319 16,112 15,348 83,779 - - 715 152,185 57,903 46,396 257,199 2020 WA # GDH-20-011 10 Mar 2020 - - - 40,615 29,977 12,613 83,205 WA # GDH-20-012 4 Jun 2020 - - - 109,063 - 17,577 126,640 WA # GDH-20-013 9 Oct 2020 - - - 47,995 2,178 32,983 83,156 WA # GDH-20-014 18 Dec 2020 - - - 14,011 4,770 17,768 36,549 - - - 211,684 36,925 80,941 329,550 18 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association 13. DESIGNATED ACCOUNTS AND WITHDRAWAL APPLICATIONS (continued) 13.2 Summary of withdrawal applications - IDA Loan (continued) (b) NCDDS-MOI Amount claimed for replenishment Initial Consulting Training and Operating Withdrawal application number Date advance Civil works Goods services workshops costs Total US$ US$ US$ US$ US$ US$ US$ 2016 to 2018 WA# 001-ADV 26 Oct 2016 1,600,000 - - - - - 1,600,000 NCDDS-WA/002 15 Jun 2017 - - - - 13,626 12,574 26,200 NCDDS-WA/003 12 Sep 2017 - - 243,531 11,667 14,755 98,865 368,818 NCDDS-WA/004 18 Oct 2017 - - 100,170 8,591 5,494 32,432 146,687 NCDDS-WA/005 29 Dec 2017 - - - 21,486 44,156 57,756 123,398 NCDDS-WA/006 14 Mar 2018 - 15,273 53,003 38,962 49,892 63,285 220,415 NCDDS-WA /007 17 Apr 2018 - 9,630 131,418 53,403 34,493 51,406 280,350 NCDDS-WA/008 10 May 2018 - 93,272 221,064 74,525 14,059 56,574 459,494 NCDDS-WA/009 21 May 2018 - 478,509 12,910 40,105 3,419 29,532 564,475 NCDDS-WA/010 31 May 2018 - 766,049 - 75,308 25,819 30,607 897,783 NCDDS-WA/011 11 Jun 2018 - 109,486 - 35,707 31,324 30,950 207,467 NCDDS-WA/012 13 Aug 2018 - 93,401 43,900 41,986 63,806 39,609 282,702 NCDDS-WA/013 28 Aug 2018 - 705,799 55,220 13,468 2,810 2,991 780,288 NCDDS-WA/014 10 Sep 2018 - 128,723 - 35,707 95,345 26,226 286,001 NCDDS-WA/015 18 Oct 2018 - 87,866 176,652 49,805 48,038 38,030 400,391 NCDDS-WA/016 14 Nov 2018 - 63,238 140,905 81,856 23,121 31,194 340,314 NCDDS-WA/017 11 Dec 2018 - 334,752 11,950 58,392 40,631 42,879 488,604 1,600,000 2,885,998 1,190,723 640,968 510,788 644,910 7,473,387 19 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association 13. DESIGNATED ACCOUNTS AND WITHDRAWAL APPLICATIONS (continued) 13.2 Summary of withdrawal applications - IDA Loan (continued) (b) NCDDS-MOI (continued) Amount claimed for replenishment Initial Consulting Training and Operating Withdrawal application number Date advance Civil works Goods services workshops costs Total US$ US$ US$ US$ US$ US$ US$ 2019 NCDDS-WA/018 6 Feb 2019 - 36,755 - 78,810 60,494 46,389 222,448 NCDDS-WA/019 19 Mar 2019 - 280,776 8,980 49,779 118,405 56,016 513,956 NCDDS-WA/020 11 Apr 2019 - 75,187 - 49,631 9,924 17,055 151,797 NCDDS-WA/021 8 May 2019 - 428,262 - 154,145 23,945 23,379 629,731 NCDDS-WA/022 19 Jun 2019 - 425,281 - 50,645 49,203 26,000 551,129 NCDDS-WA/023 24 Jul 2019 - 22,770 - 50,616 62,575 32,331 168,292 NCDDS-WA/024 8 Aug 2019 - 308,475 12,925 140,896 8,802 4,328 475,426 NCDDS-WA/025 27 Aug 2019 - 48,145 - - 52,358 18,539 119,042 NCDDS-WA/026 6 Sep 2019 - 374,878 150,681 91,055 6,124 6,228 628,966 NCDDS-WA/027 28 Oct 2019 - 256,252 - 67,075 167,278 27,872 518,477 NCDDS-WA/028 13 Nov 2019 - 144,210 403,379 55,373 106,312 68,107 777,381 NCDDS-WA/029 23 Dec 2019 - 94,294 38,641 55,358 85,144 28,021 301,458 - 2,495,285 614,606 843,383 750,564 354,265 5,058,103 20 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association 13. DESIGNATED ACCOUNTS AND WITHDRAWAL APPLICATIONS (continued) 13.2 Summary of withdrawal applications - IDA Loan (continued) (b) NCDDS-MOI (continued) Amount claimed for replenishment Initial Consulting Training and Operating Withdrawal application number Date advance Civil works Goods services workshops costs Total US$ US$ US$ US$ US$ US$ US$ 2020 NCDDS-WA/030 22 Jan 2020 - 174,251 82,950 56,911 89,868 31,076 435,056 NCDDS-WA/031 24 Feb 2020 - 292,046 760 60,692 184,076 35,198 572,772 NCDDS-WA/032 3 Mar 2020 - 276,898 - 91,288 - 18,669 386,855 NCDDS-WA/033 20 Mar 2020 - 239,721 5,506 125,909 - 7,866 379,002 NCDDS-WA/034 8 Apr 2020 - 817,634 - 14,645 243 38,161 870,683 NCDDS-WA/035 15 May 2020 - 24,715 - 52,570 29,202 36,784 143,271 NCDDS-WA/036 29 May 2020 - 968,829 73,139 88,719 - 6,520 1,137,207 NCDDS-WA/037 29 Jun 2020 - 162,548 50,549 9,232 45,482 65,104 332,915 NCDDS-WA/038 17 Jul 2020 - 1,011,242 - 252,220 - 12,414 1,275,876 NCDDS-WA/039 6 Aug 2020 - 24,505 - - 71,806 28,759 125,070 NCDDS-WA/040 1 Sep 2020 - 575,242 - 85,086 - 16,038 676,366 NCDDS-WA/041 6 Oct 2020 - 38,035 - - 80,698 40,958 159,691 NCDDS-WA/042 20 Oct 2020 - 408,405 - 67,485 41,903 38,332 556,125 NCDDS-WA/043 23 Nov 2020 - 289,352 - 64,251 64,350 41,352 459,305 NCDDS-WA/044 31 Dec 2020 - 120,076 1,900 64,012 75,734 72,034 333,756 - 5,423,499 214,804 1,033,020 683,362 489,265 7,843,950 21 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association 13. DESIGNATED ACCOUNTS AND WITHDRAWAL APPLICATIONS (continued) 13.2 Summary of withdrawal applications - IDA Loan (continued) (c) GDA-MAFF Amount claimed for replenishment Initial Consulting Training and Operating Withdrawal application number Date advance Civil works Goods services workshops costs Total US$ US$ US$ US$ US$ US$ US$ 2016 to 2018 WA# 001-ADV 25 Jan 2017 50,000 - - - - - 50,000 GDA-WA/002 11 Oct 2017 - - - - 11444 4650 16,094 GDA-WA/003 13 Mar 2018 - - - - 25786 14958 40,744 GDA-WA/004 25 Jun 2018 - - - - 3291 11115 14,406 GDA-WA/005 10 Sep 2018 - - - - 4551 14472 19,023 GDA-WA/006 11 Dec 2018 - - - - 12694 14963 27,657 - - - 57,766 60,158 167,924 2019 GDA-WA/007 6 Mar2019 - - - - 16,450 4,907 21,357 GDA-WA/008 26 Jul 2019 - - - - - 19,128 19,128 GDA-WA/009 18 Oct 2019 - - - - 4,894 7,644 12,538 GDA-WA/010 18 Dec 2019 - - - - 18,325 8,396 26,721 - - - - 39,669 40,075 79,744 2020 GDA-WA/011 4 Mar 2020 - - - - 21,505 8,365 29,870 GDA-WA/012 15 Jul 2020 - - - - - 10,034 10,034 GDA-WA/013 15 Sep 2020 - - - - 14,114 9,365 23,479 GDA-WA/014 24 Nov 2020 - - - - 8,405 5,065 13,470 - - - - 44,024 32,829 76,853 22 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association 14. COMMITMENTS The Project has commitments which were contracted but not yet paid as at 31 December 2020, as follows: 31.12.2020 31.12.2019 GDH- NCDDS- GDA- GDH- NCDDS- GDA- MLMUPC MOI MAFF Total MLMUPC MOI MAFF Total US$ US$ US$ US$ US$ US$ US$ US$ IDA Civil works - 159,726 - 159,726 - 758,551 - 758,551 Goods - 296,559 - 296,559 - 554,271 - 554,271 Consulting services 93,161 752,690 - 845,851 238,835 1,089,248 - 1,328,083 93,161 1,208,975 - 1,302,136 238,835 2,402,070 - 2,640,905 15. 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. 23 LAND ALLOCATION FOR SOCIAL AND ECONOMIC DEVELOPMENT PROJECT II Under the Financing Agreement Number 5807-KH between the Royal Government of Cambodia and the International Development Association 16. COMPARATIVE FIGURES Comparative figures have been reclassified to conform with the current period’s presentation. As previously As restated stated US$ US$ Statement of financial position Assets Advances 101,896 99,583 Liabilities Other payables 2,313 - Statement of sources of funds and expenditures Expenditures by categories Consulting services 1,010,899 1,000,487 Operating costs 518,693 529,105