NATIONAL AUDIT OFFICE NAO/OB/SM/SCB/6 30 October 2020 The Director Statistics Mauritius 1st Floor LIC Centre President John Kennedy Street Port Louis Audit of the Financial Statements of the 'Statistical Capacity Building Project (Grant Number TFOA5271)'of Statistics Mauritius for period 1 July 2019 to 30 June 2020 Please find enclosed two copies of the financial statements for the above project together with the report of the Director of Audit thereon. Yours faithfully, M.B Hoobayekhan (Mrs) (for Director of Audit) 14 Floor. Air Mauitius Ce tre. Joi Kencd% Street, Port Louis Mauritiu s el: 212 2096-9 7 2 1 0882 Fa: 230) 211 0880 NATIONAL AUDIT OFFICE REP:iORT~ OF T HE IRECTIOR OF ALD T TO IHE DIRCOR OF ST riIseIS STAT-isT C( MA R TIuS Report on the Audit of the Financial Statements for the Project "Statistical Capacity Building Project (Grant Number TFOA5271)" I have audited the financial statements for the project 'Statistical Capacity Building Project (Grant Number TFOA5271)', which comprise the statement of cash receipts and payments for the year ended 30 June :2020 and notes to the financial statements, including a summary of significant accounting policies. In my opinion, the accompanying financial statements give a true and fair view, in all material respects, of the receipts and payments of the project 'Statistical Capacity Building Project (Grant Number TFOA5271)', for the year ended 30 JLine 2020 in accordance with International Public Sector Accounting Standards under Cash Basis of Accounting. Basis for Opinion I conducted my audit in accordance with International Standards of Supreme Audit Institutions (ISSAls). My responsibilities under those standards are further described in the 'Auditor's Responsibilities for the Audit of the Financial Statements' section of my report. I am independent of Statistics Mauritius in accordance with the INTOSAl Code of Ethics. together with the ethical requirements that are relevant to my audit of the financial statements in Mauritius, and I have fulfilled my other ethical responsibilities in accordance with these requirements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion. Responsibilities of Management and Those Charged with Governance for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with International Public Sector Accounting Standards under Cash Basis of Accounting, 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. Those charged with governance are responsible of overseeing the Statistical Capacity Building project's financial reporting process. 14 Il r. Air tuiti-1 Cn[r i..iohn Ketind\ Street 1 Por I o i, \1Liriu TeL: 12 21 0882 1 .Ia : (2 m)211 I8 Auditor's Responsibilities for the Audit of the Financial Statements 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 my opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISSAls. 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 ISSAIs, I exercise judgement and maintain professional scepticism throughout the audit. I also: *Identify and assess the risks of material misstatement of the 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 my 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 Statistical Capacity Building project's internal control. * Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. * Evaluate the overall presentation. structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. I communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that I identify during my audit. C. RoVOOAH Director of Audit National Audit Office Level 14. Air Mauritius Centre PORT LOUIS 23 October 2020 PROJECT FINANCIAL STATEMENTS (1 July 2019 to 30 June 2020) REPUBLIC OF MAURITIUS AND STATISTICS MAURITIUS STATISTICAL CAPACITY BUILDING PROJECT GRANT NO. TFOA5271 Date: 17 September. 2020 REPUBLIC OF MAURITIUS AND STATISTICS MAURITIUS STATISTICAL CAPACITY BUILDING PROJECT GRANT NO. TFOA5271 Table of Contents Page No 1. Project information 3 2. Statement of Cash receipts and Payments 5 3. Notes to the Financial Assets 6 REPUBLIC OF MAURITIUS AND STATISTICS MAURITIUS STATISTICAL CAPACITY BUILDING PROJECT GRANT NO. TFOA5271 PrQject Information Background information and Objectives of the Project The World Bank agreed to extend to the Republic of Mauritius for the benefit of Statistics Mauritius, an amount of three hundred and fifty thousand United States Dollar (USD 350,000). The Grant was financed for the purpose of undertaking a Statistical Capacity Building (SCB) Project whose objectives were: 1. Strengthening the capacity of Statistics Mauritius to collect a comprehensive set of household data 2. Supporting and strengthening the analytical capacity of Statistics Mauritius, and 3. Enhancing statistical data production and dissemination practices. Project Components 1. Building the Capacity of Statistics Mauritius in Survey Design & Data Collection 2. Building Statistical Capacity in Analytics 3. Building the Capacity of Statistics Mauritius in Data Cataloguing & Dissemination 4. Purchase of Equipment Effective Date and Closing Date The Financing Agreement between the Government of the Republic of Mauritius and the World Bank became effective on the 16" August 2017 and the project completion date was 2"' July 2019. Due to an initial delay in project implementation, a first extension of six months was granted with a new closing date of 3 1F December 2019. SM obtained another 3- month extension in December 19 and the final closing date was 31" March 2020. 3 Financial status of project. The first accounting period was 16" August 2017 (period of effectiveness) to 30 June 2019. From 16Ih August 2017 to 30 June 2019, funds to the tune of Rs 6,531,684 (USD 192,962) were spent as follows: Component 1- Expenditure incurred i.c.w Survey Solutions amounted to Rs 2,278,790 (USD 67,452) Component 2- All activities were completed for an amount of Rs 1.918,394 (USD 56,528) Component 3- No expenditure was incurred under this component. Component 4- The acquisition of tablets cost Rs 2,334,500 (USD 68.982) During this accounting period, the expenditure amounted to Rs 6,979,864 ( USD 191,849). Total expenditure incurred during the life of project is Rs 13,511,548 (USD 384,81 1).The World Bank disbursed an amount of USD 319,685 and the Government of Mauritius contributed an amount of USD 57,043 exclusive of the exchange rate loss of USD 8083. 4 STATISTICAL CAPACITY BUILDING PROJECT (SCB) GRANT NO. TFOA5271 I T )FTr AI RECEIPTS AND PAYMENTS FOR THE PERIOD I JULY 2019 TO 30 JUNE 2020 Year ended 30 Year ended 30 Year ended 30 Year ended June 2020 June 2019 June 2020 30 June 2019 DESCRIPTION NOTES LOCAL LOCAL FOREIGN FOREIGN CURRENCY CURRENCY CURRENCY CURRENCY Rs Rs US$ US$ Receipts World Bank Grant 3 6,119,795.00 5,301,314.00 163,068.00 156,617.00 Government Fund 4 815,319.00 1,164,237.00 22,645.00 34,398.00 Total Receipts 6,935,114.00 6,465,551.00 185,713.00 191,015.00 Payments 1. Survey Design & Data Collection World Bank Fund 4,352,491.00 1,823,032.00 119,719.00 53,960.00 Government Fund 535,780.00 455,758.00 14,930.00 13,492.00 2. Analytics World Bank Fund 1,534,715.00 45,220.00 Government Fund - 383,679.00 11,308.00 3. Data Cataloguing & Dissemination World Bank Fund 1,598,154.00 - 43,679.00 - Government Fund 279,539.00 7,715.00 - 4. Purchase of Equipment World Bank Fund 213,900.00 2,009,700.00 5,806.00 59,384.00 Government Fund 324,800.00 9,598.00 Total Payments 6,979,864.00 6,531,684.00 191,849.00 192,962.00 Exchange Difference 5 -44,750.00 -66,133.00 -6,136.00 -1,947.00 6,935,114.00 6,465,551.00 185,713.00 191,015.00 Net Cash Balance NIL NIL Prepared by: Mrs. M. C. Seebaruth Approved by: Ms Li E Cheung Kai Suet AMFO Director of Statistics Date:- 17 September 2020 5