РКF МАК ALYANS LLC рк7 Accountants & business advisors lNTERNATloNAL DEVELOPMENT ASSoclATloN ALAT AND KARAKUL WATER SUPPLY PROJECT WORLD BANK PROJECTS COORD|NAT|ON UN|T lNTERNATIONAL DEVELOPMENT ASSOClATlON CREDlT No. 5189-UZ SPECIAL-PURPoSE cAsH BAS|S FlNANC|AL ýTATEMENTS AND STATEMENTS оF EXPEND|TURES FoR тнЕ PERloD FRом JANUARY 01, 2020 т0 DECEMBER 3,1, 2020 WoRLD BANK PRoJECTS cOORDlNATlON UNlT АИТ AND KARAKUL WATER SUPPLY PROJECT TABLE 0F cONTENTS Page STATEMENT оF MANAGEMENT,S RESPoNSlBlLlTlES FOR тнЕ PREPARAT|ON AND APPRoVAL оF тнЕ SPECIAL-PURPoSE tlNANсlAL STATEMENTS FоR тнЕ YEAR ENDED DEcEMBER 31, 2020 lNDEPENDENT AUDITORS, REPoRT 4 lNTERNATloNAL DEvELoPMENT ASSoclATlON SPEClAL- PURPOSE FlNANClAL STATEMENTS FоR тНЕ YEAR ENDED DECEMBER 31, 2020: Special-Purpose Statement of Cash Receipts and Рауmепts 6 Special-Purpose Statement of Detailed Costs Ьу Components 7 Notes to Spcial-Purpose Fiпапсiаl Statements WORLD вАNк PRoJEсTS cOORDlNATloN UNlT АЦТ AND KARAKUL WATER SUPPLY PROJECT STATEMENT 0F мАNАGЕмЕNт,s RESPONSlBlLlTlES FOR тнЕ PREPARATloN AND APPRovAL оF тнЕ SPEclAL. PURPOsE FlNANclAL STATEMENTS FOR YEAR ENDED DEcEMBER зl, 2020 The Мапаgеmепt 0f the Joint Stock Соmрапу 'UzsuИaminot" (hеrеiпаftеr - the "Uzsuvtaminot") iý rеýропsiЬlе for the preparation of the Special-Purpose Fiпапсiаl Statements (hеrеiпаftеr - the "Fiпапсiаl Statements") of the 'Alat and Karakul Water Supply Pюject" (hеrеiпаfrеr -the "Pюject") implemented Ьу the Uzsuйaminot, funded Ьу the lntemational Development Association Credit, (hеrеiпаftеr - the "IDA Credit") that рrеsепt fairly the fiпапсiаl position of the Pюject as of December 31, 2020, апd the funds received, and expenditures incurred for the уеаr ended DecemЫ З1, 2020, in compliance with the lпtеmаtiопаl Public Sector Accounting Standards "Fiпапсiаl Reporting чпdеr the Cash Basis of Accounting" (hеrеiпаftеr - "lPSAS-Cash Basis"), lп рrераriпg the Fiпапсiаl Statements, the mапаgеmепt of the Uzsuйaminot is rеsропsiЬlе for: Selecting suitable accounting policies апd applying them consistently; Рrеsепtiпg information, including accounting policies, iп а mаппеr that provides reievant, reliable, соmраrаЬlе, апd undebtandable information; Pюviding additional disclosureý whеп compliance with the specific rеqчirеmепts iп lPSAS-Cash Basis аrе insufficient to епаЬlе users to undeБtand the impact of particular transactions, other events, апd conditions оп the Pюject's Specia[Purpse Fiпапсiаl Statements. The Management of the Uzsuйaminot is also responsible fоr: . Designing, implementing and mаiпtаiпiпg ап effective and sound system of intemal controls, thюughout the Pюject; Maintaining adequate accounting records that аrе sufficient to show апd explain the Pюjects transactions and disclose with rеаsопаЬlе ассurасу at апу time the fund Ьаlапсе of the Pýect, and which епаЬIе them to ensure that the Fiпапсiаl Statements of the Pюject comply with spкific requirements iп lPSAS-Cash Basis; Maintaining Statutory accounting records in compliance With legislation of the Republic of Uzbekistan; Taking such steps as аrе rеаsопаЬ|у available to them to safeguard the assets of the Pю.iect; and Рrечепtiпg апd detecting fraud and other irregularities. The Financial Statemenb of the Pюject fоr the уэаr ended December 31, 2020 were authorized for issue Ьу the Management ofthe Uzsuйaminot оп June 28, 2021. А1 z. lgambedieva pcu chief Ассочпtапt Grrfu РКF МАК ALYANS LLC ркr Accountants & business advisors lNDEPENDENT AUDlTOR,s REPoRT То the Мапаgеmепf of the Jоiлt Stock Соmрапу Uzsuvtaminot Орiпiоп We have audited the Sресiаl-РчФоSе Fiпапсiаl Statemenb (hereinafter - the 'Fiпапсiаl Statements') of 'Alat апd Каrаkчl Wаtеr Supply Рюjесt' (hеrеiпаftеr - the "Project") financed fюm Credit рrосееd (Credit No.5'l89-UZ) of the lntemational Development Association (hеrеiпаftеr - the "lDA"), which comprise the speciabpuФose Statement of cash receipt апd payments for the реriоd fюm Jапчаry 01, 2020 to DесеmЬеr 31, 2020, the statement of expendituгes (hereinafter - "SoE), the Statement of designated accounts (hеrеiпаftеr - "DA') and а sчmmаrу of significant accounting plicies and оthег explanatory notes. The Fiпапсiаl Statements have Ьееп рrераrеd Ьу management of the Uzsuйaminot using the lntemational Public Sector Accounting Standards "Fiпапсiаl Repoгting чпdеr the Cash Basis of Accounting" (hеrеiпаftеr - "lPSAS - Cash Basis"), lп очrорiпiоп, l. The ассоmрапуiпg Special-Purpose Cash Basis Financial Statements, iп all mаtеriаl respects, give а true and fair view of the fiпапсiаl position of the Project aS of December 31, 2020, aS Well as Sources and Uses of Funds, DesignaЫ Accounts movements апd its balances fоr the регiоds then ended and complies with the conditions of the Fiпапсiпg Дgrееmепt and in ассоrdапсе With lntemational Public Sector Accounting Stапdаrd - cash Basis; ll. Моrеочеr, (а) with respect to the SOE fоr the уеаr ended DесеmЬеr 31, 2020, adequate supporting documenb, records and accounts have феп maintained to support claims to the lDA fог rеimЬчвеmепts of expendituEs iпсчrrеd; and (Ь) the expenditures included iп the withdrawal applications and reimbubed against аrе eligible for fiпапсiпg чпdег the Agreements, lll, The Pюject Designated Accounts Statement for the yeaI ended Dесеmфr З'1 , 2020 give а true and fair view of the fiпапсiаl position of the DA of the Рrо.jесt and of the cash flow fоr the periods then ended. Basis for Opinion We conducted очr audit in ассогdапсе with the lntemational Standards оп Auditing (lSAs). Our responsibilities чпdеr those standards аrе further described in the Auditols Responsibr,llties for tho А udit of the Fiпапсiаl Stafements section of our report, We are indepndent of the Рюjесt iп асmrdапсе with the lntemational Ethics Standards Board for Дссочпtапts' Code of Ethics for Professiona/ Ассоuпfапts (/ES8A Code) together with the ethical requirements that аrе ге|ечапt to очr audit of the Fiпапсiаl Statements in the Republic of Uzbekistan and we have fulfillф очr other responsibilities uпdеr these rеqчiгеmепts and the |ESBA Code. We believe that the audit evidence we have obtained iS sufficient and аррrоргiаtе to pюvide а basis for our audit орiпiоп. RеsропsiЬilltlез of Мапаgеmепt for the Special-Purpose Fiпапсlаl Statements The Мапаgеmепt of the Uzsuйaminot iS геsфпsiЬlе for the рrераrаtiоп and fair presentation of these Fiпапсiаl Statements iп accordance with the |PSAS - Cash Basis, and fоr such intemal сопtюl as management dеtеrmiпеs is necessary to enable the рrерагаtiоп of Fiпапсiаl Statements those аrе free frоm material misstatement, whether due to fraud оr еrrоr. Tel: +99871 294-73-86 . Fаж +99871 291-7ЗЗ5 . iпЪ@рК.чz . wrw.pkf.uz . *wi,.pк.co.n РКF МАК ALYANý LLc . 22, АчЬsоdаr зtIебt. 1 pa&ýagв. Т8t*€пt, U*€kistan . 100Оlа lSO 9001 :2015 РКF МДКAI_YA ýLLcЬ3п!.пЬ..*mо|t РКF tЁ.niliqЁ ЦпrЬd ЬrпlуolheJ, i.ПФпd6.t ftпв.rЁ do- tt i щaJy li9оllltit Ву Ь u|. dirв о. iuclir! ot fv at ftЁЛ d bblily лt Ё.. с cd.rpondil tfi сfiпt . сеЁ. No: Auditor's Responýibility for the Audit of the Sресiаl-Рчrроýе Financial Statements Our objectives аге to obtain Basonable assuвnce about whether the Fiпапсiаl Statements as а whole аrе free fюm material misstatement, whether due to fгачd оr епоr, апd to issue ап audito/s report that includes очr opinion. Reaýonable assuвnce is а high level of аSSчгапсе, but is not а gчаrапtее that ап audit conducted iп accordance With |SAS Will always detect а material misstatement Whеп it exists. Misstatements сап arise frоm fraud оr еrюr апd are сопsidеrеd material il individually оr in the aggregate, they could reasonably Ье ехркН to iпfluепсе the есопоmiс deciýions of useв иkеп оп the basis of these Fiпапсiаl statements. дs part of ап audit iп ассоrdапсе with lSAs, We exercise pюfessional judgment апd mаiпtаiп professional skepticism thюughout the audit. We also: . ldentify and assess the risks of material misstatement of the Fiпапсiаl Statements, whether due to fraud оr еrrоr, design and реrfоrm audit рrосеdчrеs responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide а basis fог очr орiпiоп. The risk of not detecting а mаtепаl misstatement resulting frоm fraud is higher thап for опе resulting fюm егrоr, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, оr the override of intemal сопtrоl, . obtain ап undeБtanding of intemal сопtrоl rеlечапt to the audit in оrdеr to design audit рrосеdurеS that аrе арргорriаtе iп the circumstances, but not fоr the рчrроsе of expressing ап орiпiоп оп the effectiveness of the Pюject's intemal contюl, . Evaluate the appюpriateness of accounting policies used and the rеаSопаЬlепеSS of ассочпtiпg estimates and related disclosures made Ьу management. . We conclude that а material uncertainty exists, we аrе required to drаw attention iп очr auditors rероrt to the related discloýUвS iп the fiпапсiаl Statements оr, if such disclosures аrе inadequate, to modify очr орiпiоп. our conclusions аrе based оп the audit evidence obtained up to the date of очr audito/S report, . Evaluate the очегаll presentation, structure апd сопtепt of the tiпапсiаl stаtеmепь, including the disclosures, and whether the fiпапсiаl statements rерrеsепt the undedying transactions and events iп а mаппеr that achieves fair presentation. We communicate аmопg other mafteв, the planned scop апd timing of the audit апd significant audit findings, including апу significant deficiencies in intemal сопtrоl that we identifo during our audit. ?kr м*к ALy,4{d Audit Organization "РКF МАК ALYANS LLC" 22, Aviasozlar Street, llt Passage l 000l 6, Tashkent, Uzbekistan Jчпе 28, 2021 5 WORLD BANK PROJEсTS cooRDlNATlON UN|T ALAT АND KARAKUL WATER SUPPLY PROJECT sрЕс,лt.рURроsЕ sтдтЕмЕNт oF сдsн RЕсЕ,рrs дI,JD рлупrЕlчrs FоR YЕдR ЕNDЕD DE0EMBER11,2020 Аmочпfý aro proýenred in US DollaБ 31.12.2020 31.,12.2019 cumulativё ActuaI Actual 0рЕNlNG CASH BALANcES Desiqnated Account PcU - Cash USD iп 398 в15 2 475 026 SpecialAccount PcU - cash in UzS (USD equivalent) 5 SpecialAccount PCU - Cash in UZS (USD equivalent) SpecialAccount BVK - cash in UzS (USD equivalent) 2101 2м2 TOTAL 400 92,| 2 477 068 SOURCES оF FUNDS: RECElPTS Direct Payments: lDA credit 5189-Uz - Direct Payments 12 435 022 19 335 621 бз 70з 738 Uzbek Govemment Со-fiпапсiпo - Diгect Payments 541 069 8159 745 RеimЬчrsеmепts and Advances: lDA credit 5189-UZ -Advance Рауmепts 5 599 571 lDA credit 5189-Uz - Rеtuгп of UnUSed Advances (2 000 000) (2 000 000) lDA credit 5189-Uz - Refunded Applications (2 655 661) Uzbek Govemment Со-fiпапсiпq - Аdчапсе Payments 3 162 844 lDA credit 5189-Uz - Receiptý frоm оиеr proiects 26 592 Other receiptS 16 543 TOTAL RECElPTS 12 435 022 17 876 690 76 013 372 TOTAL CASH AVA|LABLE 12 835 94з 20 353 758 76 013 з72 USES ОF FUNDS: PAYMENTS BY COMPONENTS рагt д, lmрrочеmепt of water supply lпfгаstruсturе (12 553 038) (19 811 1з2) (74 242 0д6\ Рагt в, lпStitutional Strengtheninq and capacity BUjlding рагt с, Feasibility studies fоr tчtчrе lnvestments (157 679) Рагt D, Proiect Manaqement {127 669) (141 763) (545 981) Bank chargeS (20 001) lDA credit - Refund of Епоr Receipts from other pюjects of PcU (28 з42 TOTAL PAYMENTS (12 680 707} (,19 952 895) (74 994 049 Fх GAIN (LoSS), net (62з) 58 (864 710) ' CLOS|NG CASH BALANCES Desianated Account PcU - cash in USD 154 044 з98 815 154 044 SpecialAccount PcU - cash in UZS (USD equivalent) 5 Soecial Account PcU - cash in UzS (USD equivalent) SpeciaiAccount BVK - Cash in UZS (USD equivalent) 569 2101 569 TOTAt 154 613 400 921 154 61з Signed оп behalf of the Uzsuйaminofs Management оп June 28, 2021 W щтъ z. lgаmфrdiеча F. pcu chief Accountant Notes оп pages 8 to 20 fоrm ап iпtеgrаl ра( ol the Special-Purpose cash Basis Fiпапсiаl Statements. -zЙ, 6 WORLD вАNк PROJECTS сOORD|NAT|ON UN|T АЦТ АND KARAKUL WATER SUPPLY PROJECT sрЕсrдt.рURрOsЕ sтдrЕмЕлJт 0F DЕтлltЕD cosтs вY сомроNЕNт FоR тнЕ YЕдR ENDED DE0EMBER 31, 2020 ДmоUпrs are presented л Us Dollars Actual Соmропепts 31.12,2020 cumulative lDA Credit No.5l89-UZ (12 552 130) (63 788 195) Раrt А. lmрrочеmепt of Wаtеr Supply lnfrastгucture раrt В. lnstitutional strenqtheninq and capacity Buildinq (157 679) раrt С, Feasibility studies fоr Future lnvestments (127 669) (545 980) раrt D. proiect Мапаоеmепt Sub-Total (12 679 799) (64 491 854) Government Со.fiпапсiпq (908) (10 453 852) Раrt А, lmргочеmепt of Water Supply lnfrastructure (20 001) Bank Сhагqеs SUb.Total (908) (10 473 853) TOTAL PROJECT EXPENDlTURE (l2 680 707) | (74 965 707) Signed оп behalf of the Uzsuйaminot's Мапаgеmепt оп 28 June 2021 щ*ъ W pcu chief Accountant / Notes оп pages 0 to 20 form ап integral раrt of the Special-Purpose cash Basis Fiпапсiаl Statements. 7 WORLD BANK PRoJECTý cooRDlNATloN UN|T ALAT AND KARAKUL WATER SUPPLY PROJECT NOTES т0 sPEclAL.PURPOSE tlt|ANclAL STATEMENT FOR тнЕ YEAR ENDED DEcEMBER зl, 2020 Аmочлts аrе presenfed iл US Dol/aв 1 PRoJECTANDlTSoPERATloN The Govemment of the Republic of Uzbekistan (hеrеiпаftеr - the 'Govemment') has received the аррrочаl of the lntemational Development Association (lDA) fоr а credit to imрrоче the сочеrаgе, qualiý апd efficiency of public water supply service in diýtricts of Alat and Каrаkчl iп the Вчkhаrа rеgiOп through the implementation of the Alat апd Каrаkul Water Supply Рюjесt (hеrеiпаftеr - the "Pýect ). The Рюjесt will fiпапсе the rehabilitation, герlасеmепt, and limiН ехрапsiоп of water supply infrastructure апd the institutional capacity building of the Bukhara Regional Suvokova (BVK) utility. ,139,0 Total cost of the Pюject is USD million. lп ассоrdапсе With the fiпапсiпg agreement between the lDA апd the ,18 Govemment underthe No.5,189-UZ dated July 2013, the Рюjесt will Ье fiпапсеd Ьу the Credit of the lDA in the аmочпt of SDR 53,2 million (Fifý three million two hundred Special DrаWiпg Rights) (equivalently to USD 82,0 million) and remaining аmочпt of funds will ф со-fiпапсеd Ьу the source of the Uzbek Govemment iп cash and in-kind forms of contributions fоr implementation of the "Alat апd КаrаkчI Water Supply Pюject' оп the terms and conditions stipulated in the Fiпапсiаl Дgrееmепt, fоr the рuФоsе of co-financing the Pюject with the rерауmепt term of 25 уеав, including 5 years of grace регiоd, The payment счrrепсу is US Dollab with the initial closing date - DесеmЬеr 31, 2017, The Uzbek Gочеmmепt contribution iп the amount of USD 53,9 milliоп, including iп kind of exempted taxes and customs duties amounting to USD 22,6 million and cash contributions amounting to USD 31,3 million, iпсчrrеd within framework of the Pюject implementation. The Ministry of Fiпапсе of the Republic of Uzbekistan is responsible fоr repayment of the lDA Credit оп behalf of the Uzbekistan in ассоrdапсе with the Fiпапсiпg Аgrееmепt Mo6over, there is the аgrееmепt of опJепdiпg between the Ministry of Fiпапсе of the Republic of Uzbekistan апd the Bukhara SUE 'Suvokava' (hеrеiпаftеr - the "BVK") оп accepting the obligations Specified in the Fiпапсiпg Аgrееmепt, The mаiп objective of the Рюjесt iS а rehabilitation, rерlасеmепt, апd limited ехрапSiоп of Wаtеr Supply infвstructure and the institutional йрасitу building of the Bukhaв rеgiоп, дссоrdiпg to the Uzbekistan's Presidential Dесrее РР No,200'1 dated July 15, 2013, the Kommunkhizmat Аgепсу (hepinafter - the "Дgепсу") was designated as the Executing Аgепсу and responsible fоr the taцet and effective use of credit funds. то епsчrе the соогdiпаtiоп of works чпdеr the Poect, the existing чпdеr the Agency, the PCU is rеsропsiЬlе fоr the очеrаll Poect mапаgеmепt, сопtюl апd ассочпtiпg of the Pюject funds iп соmрliапсе with the iDA guidelines and rеlечапt National гФчlаtоrу requirementS. Fчфеrmов, in liпе with the letter of the Ministry of Fiпапсе of the Republic of Uzbekistan dated SерtеmЬег 10, 20'18 геqчеstiпg he lDA to extend the Closing Date of the Pюject, and according to the rерlу letter of the lDA daЫ NоvеmЬеr 08, 2018, the lDд has agreed to the above request and the completion Date of the Рюjесt fiBtly was ехtепdф up to 30 Jчпе 2020. However, the Completion Date of the Project tlrther was extended up to 3'1 DесеmЬеr 2020. lп additjon, Ьу the request lеttеr dаtф 07 NочеmЬеr 2020 of the Ministry of Fiпапсе of Uzbekistan to extend the Closing Date of the Pю.iect, the lDA has agreed to extension and оп 21 Dесеmфr 2020 Ьу sending а Bply lеftеr the lDA has established 30 November 2021 as а Closing date (plus 4 months gйсе period), Fчrthеr disbuBements from the lDA Cгedit will Ье made fоr withdrawal applications received Ьу close of business оп 31 March 2022 iп respect of eligible expenditures made фfоrе the Closing Date (i.e, рауmепts made оr payments due for goods, works and services that have been рючidф рriоr to the closing Date). The Pюiect consisb of the following parts (components): РаЁ Д: lmprovement of Water Supply lnfrastructure 1. Engineering_design and operational technical assistance services to support the Pюject lmplementing Entity and the PCU and ib BukhaE Ьгапсh in the following tasks of Рюjесt implementation: (а) rечiеw of the available feasibiliý study and pEpaBtion of optimizф рвlimiпаrу designs; (Ь) pвparatjon of detailed designs апd bidding documents, construction supervision, and вроrtiпg; and (с) impюvement of utiliý opeвtion, mаiпtепапсе апd mапаgеmепt, all thюugh the provision of goods апd consultants' Services. 8 WORLD ВАNК PROJECTS COORD|NAT|ON UN|T АЦТ АND KARAKUL WATER SUPPLY PROJECT NOTES т0 SPEcIAL.PURPoSE FlNANсlAL STATEMENT FOR тнЕ YЕАR ENDED DEcEMBER 31, 2020 ДrпоUпrý аrе рrеýелfеd in US Dollars 2. Rehabilitation апd expansion of water pюduction and bulk tгапsmissiоп systems thюugh: (а) the construction of а пеw ехрапdф Wаtеr treatment plant iп Dvoinik, including the rehabilitation of the existing iпtаkе and prBsedimentation рпds; (Ь) the .enewal and expansion of transmission systems including the 24 km tгчпk line from Dvoinik to Alat-town; (с) the rehabilitation of the 13 km trunk line fюm Alat-town to Кагаkчl-tоWп; and (d) the rehabilitation апd ехрапsiоп of the tвnsmission pumping stations and related Wаtеr tanks to чрgгаdе the production and transmission capacity to about 49,800 m3 рег day, all though the саrryiпg out of works апd the рючisiоп of goods and сопsчltапБ' Services. 3. Rehabilitation and expansion of чrЬап апd rurаl Wаtеr пеМоrks through: (а) the rehabilitation and ехралsiоп of existing wаtеr distribution systems iп Alat-town and Каrаkч[tоwп, including treated Wаtеr tanks, treated wаtеr рчmрiпg stations, disinfection systems, distribution пеtwоIks, installation of mеtеБ оп about 7,200 existing househo|d соппесtiопs and installation of about '1,600 пеw household соппесtiопs and meteв; and (Ь) mnstruction of пеw ruгаl water transmission and disribution systems including pumping, stoвge, netv/orks and metered соппесtiопs iп about 120 of the sчпочпdiпg villages based оп the optimizф feasibility study апd рrеlimiпаry design cost estimates, all through the саrryiпg out of works and the provision of goods апd consultants' Services, Part В; lnstitutional Strengthening and Capacity Building: 1. lnstitutional strengthening and capacity building thюugh the carrying out of institutional assessmenb of the capacity, organization and trаiпiпg needs of the Pюject lmplementing Entity to imрrоче its mапаgеmепt апd ореrаtiопаl performance for а sustainable wаtеr supply service iп the Alat апd Кагаkчl districts, 2. Strengthening the capaciý of utiliý mапаgеmепt and operations staff Ьу pюviding local апd intemational tEining on management and technical оргаtiопs, thюugh the рrочisiоп of сопsultапЬ' services and Trаining, 3. Strengthening the management and opeвtional capacity of Pýect lmp|ementing Entiý thюugh: (а) the establishment of modem рrосеdчrеs апd systems, including hardware and softrvare, fоr billing, collection, customer sеrчiсе, intemal auditing, accounting and record keeping; (Ь) the pюvision of operations and mаiпtепапсе фчiрmепt; and (с) the pюvision of lаЬоrаtоry equipment and supplies, a|l thюugh the pюvision of goods, consultants' services and TBining. 4. Developing а communications stEtegy and йrryiпg out of public consultations and аwаrепеss campaign, сопSчmеr satisfaction and gender SuNeyS, thюugh the provision of сопsчltапЬ' sегчiсеs, part С: studies fоr Fчtчrе lnveýtments Рrеравtiоп of а feasibiliý study of sеwеrаgе and on-site sanitation investrnent needs iп the towns апd dist icb of Alat and KaBkul, to ассоmрапу increased water supply service, thюugh the рючisiоп of consultanb' services. РаЁ D: Project lЛапаgеmепt Strengthening the capaciý of the Pюject coordination Unit at the level of the Pюject lmplementing Entlty, fоr Рrоjесt management, mопitоriпg апd coordination, through the pюvision of goods, consultanb' services, including fiпапсiаl апd technical audits, and Твiпiпg, and financing of lпсrеmепtаl opeEting Costs. lп accordance With the Wodd Bank's letter No.05610/18 dаtф NочеmЬеr 08, 2018, the Share of Ехрпditчгеs to Ье fiпапсеd Ьу lDA changed as follows: WORLD вАNк PROJECTS coORDlNATlON UNlT ALAT AND KARAKUL WATER SUPPLY PROJECT NoTES то SPECIAL.PURPoSE FlNАNсlАL SтАтЕмЕNт FоR тнЕ YEAR ENDED DEcEMBER 31, 2020 дmоuпts arc tп US Doliars lnitial Amount of Revised Аmочпt Share of Expenditures to Ье ln Special Drawing Rights (SDR) credit Allocated of Credit Fiпапсеd Allocated 69,200/о up to September 9, 2018 Wоrks 18 960 000 42 290 000 апd 100% frоm September 10, 2018 опwаrds Goods 69.200/о up to September 9, 2018 26 540 000 3 210 000 and '100% from September '10, 2018 onwards Consulting services including ,100"/ audit, Тrаiпiпg апd lпсrеmепtаl 7 700 000 7 700 000 operatinq costs Total 53 200 000 53 200 000 Proiect mапаgеmепt дссоrdiпg to Presidential Dесrее, the PCU is established iп Tashkent city under the Executive Воаrd of the 'Kommunkhizmat' дgепсу (hеrеiпаftеr - 'Аgепсу"). The PCU is accountable to the authorized peвon-the Gепеrаl Director of the Аgепсу. '15 July, 2013, the The pCU is guided in its activity Ьу the Decree of the President of Uzbekistan N9PP-2001 dated Fiпапсiпg апd pюject Agreements, applicable world Bank guidelines, sчьfiпапсiпg аgrееmепt, as well as the constitution and Laws of the Republic of Uzbekistan, decrees and instructions of the Cabinet of MinisteB, Bgulator)- acts of the Ministry of Fiпапсе of Republic of Uzbekistan and the established Operational Мапчаl. The дgепсу is responsible for очегаll Project coordination and rероrtiпg. The PCU will Ье rеsропSiЬlе fог pюvision of assistance to the BVK iп implementation of the Project iп рюсчrеmепt, fiпапсiаl management, апd other aspects to the extent required, in direct соmmчпiйtiоп with the World Bank. lп additjon, he Аgепсу is rеSропsiЬlе to: . superyise апd take part iп day{o{ay operational activities relating to the P@ect, including рrосurеmепЬ апd fiпапсiаl mапаgеmеп! . incorpoвtion of financial mопitоriпg system fоr сопtrоl and ассочпtiпg for disbuBement апd funds of сФ fiпапсiпg organizations, fоr providing adequate monitoring and providing recommendation to the PCU Сооrdiпаtоr regarding availability and payout of lDA and the Govemment of Uzbekistan funds; . рrерав statements of all financial tвnsactions iп Pюject со-fiпапсiпg; . keep rесоrds of all fiпапсiаl transactions within the Pюject fBmework; and . keep all Pюject accounts, the targeted use of funds within the Pюject frаmеwоrk, preparing fiпапсiаl reports and conducting fiпапсiаl сопtrоl iп сопfоrmiý with the existing поrms and гegulations of the Repub|ic of Uzbekistan and the Worid Bank fiпапсiаl rерrtiпg guidelines, The Kommunkhizmat Дgепсу is ап agency at the Govemmental level, responsible for the coordination of wаtег supply and sеwеftце pюjects in Uzbekistan. The PCU was established Ьу the Agency for the сопtrоl and coordination of рюiесЬ fiпапсф Ьу the World Bank. 10 WORLD вАNк PROJEGTS coORDlNATlON UNlT ALAT AND KARAKUL WATER SUPPLY PROJECT NoTEs то SPEclAL.PURPoSE FlNANсlAL STATEMENT FоR тнЕ PERloD ENDED ocToBER 3,1,2020 дmоuпts аrе л US Dоl/аБ 2 SlGNlFlcANTAccoUNTlliGPoLlc|Es Basis of рrераrаtiоп public sector These special-purpose Fiпапсiаl statements have феп рrераrеd in ассоrdапсе with the lntemational ДЙочпtiiig Stahdjrd (lРSДS) 'Fiпапсiаl Rерrtiпg чпdеr the Cash Basis of Accounting" рюmulgаЫ Ьу the lntemational FedeBtion of Accountanb (lFАС). Those standards require that cash receipts shall Ье effective whеп received апd expenditures of funds shall Ье effective When they аrе paid rather than When incurred. The Fiпапсiаl statements рrерагеd under the cash basis provide геаdеБ with information about the sources of cash raised счrtпgБ Йпй, ие рчrрьsе for which cash was used апd the cash balances at the rероrtiпg date. The measurement focuý in the finaricial statements iS balances of cash and changes therein. The Poects special- purpse cash basis Fiпапсiаl Statemenb are рrераrеd оп the basis of cash rесеiрЬ and disbuBements which аrе а соmрвhепsiче basis of accounilng. The Fiпапсiаl Statements рrераrеd and presented the spcial-purpose fiпапсiаl Statements, which include the following соmфпепЬ: о д statement of cash receipts апd payments, which recognizes all cash rесеiрь, cash рауmепь and cash balances confolled Ьу the PcU апd BVK; о Ассочпtiпg policies апd explanatory notes; and . Approved budget, а соmрагisоп of budget and actual amounts. - The financial statemenb ргераrеd iп us DоllаБ with rочпdiпg to Dоllаr. The rероЁiпg period ofthe fiпапсiаI statements is the period fюm January 0't, 2020 to DесеmЬеr 31, 2020, Сазh апd cash equivalents Cash and cash equivalenb ав recognized at cost апd include cash at cash desk, cash at Designated and Special accounts at domestic banks апd cash in tйnsit. ln accordance with lРSдS "Fiпапсiаl Reporting чпdеr Cash Basis of Accounting' cash is contlolled Ьу ап entity whеп the entity сап use the cash for the achievement of ib оwп objectives оr otheмise benefit fюm the cash апd exclude оr regulate the access of otheB to that bеnefit. priod fюm Jапчаry 01, 2020 to DесеmЬеr 31, 2020, the Designated Ьапk accounts oJ the Pюject at the JSCB During the "НаmlоЁапk' Tashkent city bвnch wеrе used for fiпапсiпg With the lDлs Сrеdit No.5189 - UZ funds iп hard сuпепсу, lп addition, the Pюject has the Special ассочпts iп Uzbek Soums (UzS) tor the expendituBs iп UZS fоr орегаtiопаl ехрепsеs of the Pюjoct, дll cash inflows and cash outflows of the special accounts - Bvk occur out of both sources i.e. the lDA credit fundý and the Со-fiпапсiпg funds. During the reporting period, there were made the Direct payments thюugh lDA credit ассочпts апd Со-fiпапсiпg thюugh BvK ассочпь, Fixed Аsзеts project objectives аrе entered to the cost Eixed assets procured Ьу the pюject with the рчrроsеs of efiective achievement of Records right аftеr Ьеiпg received. 11 WORLD вАNк PRoJECTS coORDlNATloN UN|T АЦТ AND KARAKUL WATER ýUPPLY PROJECT NOтЕý т0 ýPEGIAL-PURPOSE FlNANClAL SтАтЕмЕNт FoR тнЕ YEAR ENDED DEcEMBER 31, 2020 АmоUл[s aro pr9senred lh Us Dоl/аБ Flпапсlпg The fiпапсiпg fоr hе Фsignated Accounts is rесоgпizеd whеп funds ав tгапsfеrrеd fюm lDA Credit ассочпЬ to the Pюject's DesignaН АссоuпБ, which аrе орпФ at the Tashkent Ciý Ввпсh (ТСВ) of the JSCB 'Наmkофапk" of the Republic of Uzbekistan. The Govemment Co-financing is recognized When the payments аrе made directly fюm асmчпt of the Treasury of the Ministry of Fiпапсе of the RерчЬliс of Uzbekistan and the funds transfeпed into the ВvК асочпЬ fог further payments to сопtгасtоБ. Disburýement methods of World Bank (lDA) (а) RеimЬчвеmепt: The Wodd Вапk mау rеimЬчм the Ьоrrоwеr fог expenditures eligible fог fiпапсiпg рчБчапt to the tiпапсiпg Аgrееmепt (eligible expenditures) that the borrower has рrе-fiпапсеd frоm its оwп rеsочrcеs. (Ь) Advance: TtB Wodd Bank may advance funds fюm the Fiпапсiпg Account into а Designated Account of the Ьоrrоwеr to fiпапсе eligible expenditures as they are iпсчпеd and for which sчррrtiпg documents will Ь provided at а later date, (с) Dkect Payment: The Wodd Bank mау make payments, at the ЬоrrоWе/s request, directly to а third party (for example, supplier, опtвсtог, оr consultant) fоr eligible expenditures. (d) Special commitment: The Wor|d Вапk may рау amounts to а third party for eligible expnditures чпdеr the special commitments епtеrеd iпtо, in writing, at the borrowe/s request and оп terms and conditions agreed фМееп the Wor|d Bank and the borTower. ProJect expenditure The Рюjесfs spcial-purpose cash basis Fiпапсiаl Statements аrе prepared based чроп the accounting records of the PCU, whichав maintained iп both USD апd UZS. The initial accounting rесоds consist of summaries of disbuBement dосчmепЬ апd other рауmепt voucheБ. Асmчпtiпg of the PcU, Within the Аgепсу, is conducted in ассоrdапсе with the applicable laws of the Republic of Uzbekistan with the specific implementation of the Pюject, including applying cash method, The policy mапаgеmепt рrоgвms also include рrераrаtiоп of detailed of cost report оп а cash basis iп accordance with lntemational Ассочпtiпg Standards fог the Public Sector. The accounting is сапiеd out using the Excelsheets. lп acmunting, the following oprations аrе used: - Taking into account the acfual costs; - Accounting of cash tгапsасtiопs; - АссоUпtiпg of fixed assets; - Accounting of stocks; - Ассочпtiпg of rеmчпеrаtiоп; - Settlements With debtoБ and creditoБ; - Repo]tjng. The Fiпапсiаl Management ofthe Pюject is саrriеd out Ьу the following tasks: 1) Analpis of the ргfоrmапсе costs; 2) Analysis of cash ехрепýеs апd fоr trапstеБ; 3) Analpis of fiпапсiаl condition; 4) Ап analysis of budget execution. At the end of each quarter, all the items of expenditure for the quarter апd total year tФdate аrе counted Up, iп order to identify the rеmаiпdеr апd iп а simi|ar way to keep records of cash expnditure for transfeB, WoRLD вАNк PROJEGTS cOORDlNATloN UN|T АЦТ AND KARAKUL WATER SUPPLY PROJECT NOTES т0 sPEcIAL.PURPOSE FlNANClAL STATEMENT FOR тнЕ YEAR ENDED DEcEMBER 3,1, 2020 Аmочлts аrе prosented ,h US Do/laв Foralgn сuпепсу trапslаtiоп (l) Fuпс опаl апd Presaпtetion сuпепсiеs The functional счrrепсу of the Рюjесt is the счrrепсу of the primary economic епчiюпmепt iп which it орегаtеs. The Pюject's functional счrrепсу is Uzbek Soums ("UZS'), hоwечеr, the mаjоr роrtiоп of its tBnsactions аrе iп USD. These special_purфse Fiпапсiаl Statements of the Pюject are also рrеsепtеd iп the presentation счrепсу of US DollaБ ("USD") as this is mпчепiепt fоr the readeB ofthe fiпапсiаl statements, (ii) Тrалsасriопs and Ваrапсеý The asseb' additions and expnditure paid fоr iп UzS Were translated into USD Using the following principles of transaction: . Monetary assets denominated in UZS have Ьееп trапslаtф into USD using the ехсhапgе rаtе of the Орегаtiпg bank оп the date of сопчевiоп; . All revenues eamed and ехрепditчrе iпсurrеd iп uzs denominated into usD wеге rесоrdеd Ьу the ехсhапgе гаtе of Operating bank effective at the date of convebion; . Gain/Loss resulting fюm the translation of UZS into USD: Cash & cash equivalents outstanding as at reфrting date аrа tвnslated into USD Ьу using the official rаtе of the cBU, effective at the repoIting date. The official exchange rаtе set Ьу the CBU and efiective, as at December 31, 2020: UZS 10,476,92 to USD 1 (31.12.2019: ,1; UzS 9,507.56 to USD 31.12,20,18: UzS 8,339.55 to USD 1). At pвsent, the UZS is поt а сопчеrtiЬlе счrrепсу oubide Uzфkistan, Bank Accounts of the Project During the priod fюm January 01, 2020 to Dесеmфr 31, 2020, the PCU held its фsignated АссочпЬ fоr lDA Credit accounts in USD at the bank named ТСВ JSCB "HAMKORBANK. lп addition, the UZS Special Accounb апd cther accounts for lDA Credit and Со-fiпапсiпg funds орепеd at the local bank ассоrdiпglу. The PCU opeBtes а Designated Accounts in ассоrdапсе With the provisions laid down iп the Fiпапсiпg Аgrееmепt. The USD Designated Accounts rерrеsепt revolving the funds pюvided fюm the lDA to facilitate prompt disbuBement of funds to implement the Pюject. The USD Designated Ассочпt аrе used to cover the lDA's shaв of eligible ехрепditчrеs, in both, local and fоrеigп счrrепсiеs. The eligible expenditures are reported to the lDA thюugh the Expndifure Replts/Statement of Expnditure (SOE). The USD Фsignated Account is rерlепishеd Ьу the lDA оп the basis of request, рrеравd Ьу the PCU fоr validation of USD Designated Account, The UZS Special Accounts Wеrе opened to convert the funds received into USD Designated Account frоm lDA for paymenb to supplieb and withdrawal of cash, Cash & cash equivalents outstanding as at rефrtiпg date ав translated into USD at the official rаtе of the cBU effective at the reprting date. The outstanding Ьаlапсеs of the above ассочпЬ as at DесеmЬеr 31, 2020 аrе disclosed iп Note 6. Principles апd stапdаrds of fiпапсlаl management system The Fiпапсiаl Management Manual comprises of policies and рrосеdчrеs to assist iп епsчriпg the orderly and еffсiепt mапаgеmепt and control of all pюject resources, апd to rепdеr рюрег accountabiliý to all stakeholdeБ. lt is сопсеmеd With effective fiпапсiаl сопtюl очеr рюjесt asseb, liabilities, funds, and expndituE together with the systems ]equired accounting fоr the fiпапсiаl opeвtions of the рюjесt. The mапчаl sets forth the policies and proceduЕs fоr the guidance of all the staff involved in fiпапсiаl management. ,]3 WORLD вАNк PRoJEGTS cooRDlNATloN UN|T ALAT AND KARAKUL WATER ýUPPLY PROJECT NOTES т0 sPEcIAL.PURP0SE FlNAN0lAL STATEMENT FOR тнЕ YЕАR ENDED DEcEMBER зl, 2020 Amounts are рrеsелtеd in Us DоlаБ The policies апd guidelines сопчеу standards fоr sound fiпапсiаl mапаgеmепt and administration fоr the pюject, апd аrе designed to: о рюmоtе orderly, есолоmiс, efficient and efiective ореrаtiопs consistent With pюiect objectives; . prevent and detect fraud and еrrов; о enýure accuвcy and completeness of the accounting гесоrds; . facilitate timely preparation of financial informatjon and ensuв that fiпапсiаl statements аrе fairly and accurately presented; . safeguad pюject asseb; and . ensure mmрliапсе with applicable laws, policies and Bgulations. changes iп accounting фlicy Will Ье applied fюm the date of amendment at the bEinning of each fiпапсiаl уеаr and Will not have rеtюасtiче application and the fiпапсiаl lesulb wi|l not ф аmепdф fоr the past accounting pеriods, Primary accounting documenb - the basis fоr rеflесiiоп each business tгапsасtiоп iп the acoounting records is а primary accounting document recording the fact of the operations and the disposal of the head to саrry it out. Primary accounting documents shall Ье сrеаtе{ at the time of the business tвnsaction. The primary accountjng documents is not permitted to аmепd, is поr сопfirmеd Ьу the participanb of the business transaction The bank and cash mопеtаry iпstrumепЬ соrrесtiопs аrе not allowed. All original documenb should Ье filed апd kept in the аррюрriаtе foldeb. Measurement of ореrаtiопаl tBnsactions- all committed Tansactions are measuEd at their historical cost at the date of the tгаnsaction. 3 TAxATloN The Project, being the state поп{оmmеrсiаl unit, is exempted frоm taxes and levies iп liпе with the Тах Code of the Republic of uzbkistan. The Dесrее of the Pгesident's of the Republic of Uzbekistan No. РР-200'| dated July 15, 2013 states that the goods, vюrks and servbes purchased with the lDA funds within the fвmеwоrk of the Рюjесt аге exempted from customý payments, VАТ, mandatory contributions to the state funds-intrust, The same policy is applied with respect to goods, works апd ýervices purchased with the Govemment Fчпds, Such exemption is mnsideEd aS а contribution ofthe Uzbek Govemment toward the implementation of the Pюject. 4 SUBSEQUENT EVENTS Тhеrе is ап event аftеr the епd ofthe reporting period, which would rеqчiге disclosures iп these Financial Statements, lп line with the Decвe of the President of Uzbekistan No.4883 dated 06 November 2020, the Kommunkhizmat Аgепсу under the Ministry of Housing and СоmmUпаl Services of Uzbekistan was fully liquidated since 01 January 2021. Fчrthеr, Ьу the Oгdеr of Cabinet of MinisteB of Uzфkistan чпdеrthе No.169 dаtф 30 March 2021, the Joint Stock Соmрапу 'Uzsuйaminot" was assigned as the legal successor of the liquidaЫ Kommunkhizmat Agency with Bspect to the lDA Credits No.5189 - - UZ апd No.5698 UZ, lп addition, the JSC "Uzsuvtaminot' has undertaken the full dghb and commitmenb iп the frаmеWоrk of the Pюject, Ассоldiпglу, the World Bank Pюjects Coordination Unit of Kommunkhizmat Аgепсу was rе-паmеd as the World Bank Pюjects coordination Unit, 5 APPRoVAL оF SPEсIAL.PURPoSE FlNАNсlАL STATEMENTS The special-purpose fiпапсiаl statements wеrе apprcved Ьу the Management of the Uzsuйaminot for issue on 28 June 2021. 14 WoRLD вАNк PRoJEcTs cOoRDlNATloN UN|T ALAT AND KARAKUL WATER SUPPLY PROJECT NотЕS т0 SPEcIAL.PURPoSE FlNANсlAL STATEMENT FOR тнЕ YЕлR ENDED 0EcEMBER 31, 2020 АmоUп's ars pros9ntod,l? Us DоrаБ Statements of Cash Balances of the Project The Project had the following cash Balances аý at DесеmЬеr 31,2020: source of fчпds Счrrепсу Note Account Amount iп USD ,154 lDA сrеdit No.5189-UZ USD 7 Designated account -PcU 044 lDА Credit No,5'189-UZ UzS 8 Special account -PCU lDA Credit No,5189-UZ UZS 9 Special ассочпt -BVK Gочеrпmепt UZS ассоuпts -BVK Total 154 613 The Designated Дссочпt in USD - PCU апd Special Accounts iп UZS - PCU opened at JSCB "Наmkофапk' Tashkent Ьrапсh in-Uzbekistan, These Designated and Special Accounts аrе for the рчФоsе of fiпапсiпg the Projects eligible expenditures Ьу the fund of lDA. The Special accounts in UZS - BVK opened at JSCB "Наmkофапk" Bukhara rеgiоп Ьrапсh in Uzbekistan, usф for the purpoie of fiпапсiпg the Pro,iect, fюm lDA credit and the Govemment Co-financing funds. l5 WORLD вАNк PRoJECTS cooRDlNATloN UNlT ALAT АND KARAKUL WATER SUPPLY PROJECT NOTES т0 SPEclAL.PURPoSE FlNANсlAL STATEMENT FOR тнЕ YEAR ENDED DEcEMBER зl, 2020 Amounts ars presonfed iп US Dоl/ав Statement of USD Designated Account Account No, 22626 840 9042 6264 600,1 Depository Вапk: тсв JScB "HAMKORBANK, Address: Fчrqаt Street, 14, Tashkent Related Credit No, 5189_Uz (lDA) Счпепсу: US Dollars (USD) 0репiпg Ваlапсе as at 0l January 2020 398 815 cash lnflow: lDA RepleniShments Cash Outflow; Тrапsfеr into Special UZS Ассочпt (Сопчевiоп) (244 771\ closing Ваlапсе as at 3'l DесеmЬеr 2020 154 044 й. Z. lgamberdieva pcu chief Accountant сrr/:*/ lо WoRLD BANK PROJECTS cooRDlNATloN UN|T АЦТ AND KARAKUL WATER SUPPLY PROJECT NOтЕS т0 SPEс|AL.PURPoSE FlNANсlAL STATEMENT FоR тнЕ YEAR EtJDED DEcEMBER зl,2020 Amounfs are presented л US Dо'lаБ Statement of UZS Special Account Account No, 22626 000 1042 6264 6001 Depository Вапk: тсв JScB "HAMKoRBANK, Address: Furqat Street, '14, Tashkent Related Credit No. 5189 - Uz (lDA) Currency: Uzbek Sочms (UZS) Note USD Equivalent openlng Ваlапсе as at 0l January 2020 45 Cash lпflоw: Тгапsfеr fюm USD DeSignated Account (СопчеБiоп) 2 467 079 244 771 Cash 0utflow: Fiпапсiпg of eligible expenditure (978 507) (96 721) Твпsfеr into UZS Special account iп BVK (1 488 617) (148 055) Closing Balance as at 3'l December 2020 17 WORLD вАNк PROJECTý cooRDlNATlON UN|T АЦТ AND KARAKUL WATER SUPPLY PROJECT NOTES т0 SPEclAL.PURPOSE FlNANGlAL STATEMENT FoR тнЕ YEAR ENDED DEcEMBER зl, 2020 АmоUпtý аrе prgsenfad ,,h US Dol/aB Statement of UZS Special Accounts (opened for ВVК iп Bukhara region) Account No. 22626 000 0003 0941 2009 Depsitory Bank: тсв JScB"HAMKORBANK" Address: Вчkhаrа region Ьвпсh Related Credit No. 5189 - Uz (lDA) Счrrепсу: Uzbek Sочms (UZý) Note USD Equivalent 0оепiпо Ваlапсе as at 01 Jапчаrч 2020 2 939 cash lnflow: Fiпапсiпg 1 488 617 148 055 RеturпS 2 9з8 290 cash outflow: Fiпапсiпg e|igible expenditure (1 494 494) (148 634) FХ Loss (20) Сlоsiпg Ваlапсе as at 3,1 December 2020 9.,l Statement of UZS Special Accounts (opened for BVK in Bukhara region) Account No, 22626 000 5003 0941 2001 Depository Bank: тсв JScB,HAMKORBANK" Address; Bukhara rеgiоп Ьrапсh USD Equivalent Cash lnflow: tiпапсiпg ,1 Retums 15 59; 532 Gash 0utflow: Fiпапсiпg eligible expenditure (17 249) (1 697) FХ Loss (58) Closing Ваlапсе аý at 3l December 2020 5 036 9.2 Statement of UZS Special Accounts (opened for BVK in Bukhara region) Account No, 22626 000 7003 0941 2002 Depository Bank: тсв JScB "HAMKORBANK, Address: Bukhara rеgiоп Ьrапсh USD Equivalent Oрепiпq Ваlапсе as at 01 January 2020 10 338 1 088 cash lnflow: Fiпапсiпq Cash 0utflow: Fiпапсiпg eligible ехрпditчrе (9 414) (908) Fх Loss (92) cloýing Balance as at 31 December 2020 1в WORLD вАNк PROJEсTS COORD|NATION UN|T АЦТ AND KARAKUL WATER SUPPLY PROJECT NOтЕS т0 SPEcIAL.PURPoSE FlNANclAL STATEMENT FoR тнЕ YEAR ENDED DEcEMBER 3,1,2020 Дmоuпts аrо presenfed л US Dol/ars 10 REcoNclLlAToN оF lDA F|NАNGING Disburýements Notes client connection client Соппесtiоп Project data variance data for 2020 data cumulative cumulative Direct pavments 1l 12 4з5 022 63 703 738 бз 70з 7з8 Reimbursement and Advances 12 5 599 571 5 599 571 Returned Applications 12 (2 655 661) (2 655 661) ,18 Returns of unused Advances 12 1 999 982) (2 000 000) lntermediarv Ьапk commission held 18 _1в TOTAL 12 435 022 64 647 666 64 647 666 11 lDA DlREcT PAYMENTS DUR|NG REPoRT|NG PERloD The |DД has made the payments, at the ЬопоWеds гequest, direct|y to а third раrtу fоr the eligible expenditures, The table below рrеsепts the Direct Payments made during the о the counteФarties {rоm the funds of lDA: СочпtеrраЁу category 01.01.2020 - 3,t.,l2.2020 SHlMBAR 1 -Works 1 048 644,25 SHll\,,!BAR '1 -Works 183 762.19 SHlt!,1BAR '1 -Works 840 411,90 GRANT THORNTON 3 -Services 400,00 BAR SH ll/ 1 -Works 156 1 18,33 QURlLlSH кOснмА KoLoNNA 017 LLc 1 -Wоrks 40 889.02 AaUAMUNDO GMBH 3 -Services 207 241.87 GRANT THORNTON 3 -Services 30 469.60 AQUAMUNDO GMBH 3 -SегчiсеS 58 318.,12 MESMER EAST LLC 1 -WогkS 416 824,03 jV KOGON REMSTROYKOMPLEKT 1 -Works 132 838,01 SH lN,,1BAR 1 -Works 1 070 004,96 MESMER EAST LLC 1 -Works 308 105.60 JV KOGON REMSTROYKOMPLEKT 1 -Wоrks 159 838.70 SHlMBAR 1 -Works 121 179.17 MESMER EAST LLC 1 -Works 217 081.91 JV KOGON REMSTROYKOMPLEKT 1 -Works 195 260.35 AQUAMUNDo G[,,1вн 3 -Services 122249.20 BURClN BUDAK 3 -Services 24 000,00 SHlMBAR '1 -Works 810 499,93 MESMER ЕДSТ LLC 1 -WоrkS 464 074,01 JV KOGON REt\4STROYKOlиPLEKT -Works 1 169 378,06 BURClN BUDAK 3 -Sегчiсеs 6 000,00 SHlMBAR 1 -Works 1 028 030,78 cHlNA PETROLEUM PlPELlNE ENGlNEERlNG 1 -Works 1 007 433,18 JV KOGON REMSTRoYKOMPLEKT 1 -Works 196 082.7Е QURlLlSH коснмА KoLoNNA 017 LLc 1 -Works 173 5,13.55 SHlMBAR 1 -Works 122 100,94 MESMER EAST LLC 1 -Works 561 400,76 BURClN BUDAK 3 -Services 12 000,00 MESMER EAST LLC ] -Works 279 631,02 JV KOGON REMSTROYKOMPLEKT 1 -Wоrks 4зз 649,91 SHlMBAR ] -Works 402 891,59 cHlNA PETROLEUM PlPELlNE ENGlNEERlNG 1 -Works 445 974,31 SHlMBAR 1 -Works 509 668.00 ,12 BURClN BUDAK З -Services 000,00 l\.,1ESMER EAST LLc 1 -Works 467 156,42 TOTAL lDA DlREсT PAYMENTs FоR 2020 12 435 022,45 19 WORLD вАNк PROJECTS cOORDlNATloN UN|T ALAT AND KARAKUL WATER SUPPLY PROJECT NOTES т0 sPEcIAL-PURPOSE FlNANClAL STATEMENT FOR тнЕ YEAR ENDED DEcEMBER зl, 2020 Аmоuпtý aro proýenfod l,h US DolraБ 12 REIMBURSEMENTSANDADVANCES The lDA mау rеimЬчве the Designated Account - PCU for eligible ехрепditчrеs for fiпапсiпg рчБчапt to the Fiпапсiпg Аgrеёmепt (eligible expenditures) that he Ьоrrоwеr has рrе-fiпапсеd, The lDA mау advance funds from the Fiпапсiпg Account into the Designated Ассочпt - PCU to fiпапсе expenditures as they are iпсurrеd and fоr which supprting documents Wili Ье provided at а later date. e|igible The Republic of Uzbekistan mау advance payment into the Designated Account Pюject's eligible expenditures. - BVK fоr the purpose of Со- fiпапсiпg the The table below ргеSепts the rеimЬчБеmепt and аdчапсе рауmепЬ Ьу the funds of lDA and Со-fiпапсiпg of the Uzbekistan: ltems 2020 2019 CumuIative ReimbuBements and Advance payments 5 599 57,1 Retums of Unused Advances of lDA ЬY PCU (2 000 000) (2 000 000) lntermediary bank commission held 18 18 TOTAL lDA ADVANCES (1 999 982 3 599 589 Advances frоm Co-financinq of Uzbekistan 3 162 844 ToTAL со.FlNАNсlNG ADvANcES 3 162 8и 20