PREME AUDIT ISLAMIC REPUBLIC OF AFGHANISTAN olum - 29 PROJECT ID GRANT NUMBERS PROJECT NAME 31864 TF1061 Kabul Urban Transportation Efficinc Improvement Project WORLD BANK PROJECTS EAR ENDED 20 DECEMBER 2016 �,; У � ���. �. , .. � ф .,.и� �j,. , �- ,'ч , , У . .. " " � ... ._ .... � . .. . . , , . . • �. . . . . . � .. ., �,.. г и �i". '•.'Е.. . ,. �, �� - � � � ' ct ;у .. . ��: ,:, ьС�. . .г�. -� ..._�_ . . г :- -,....., . '._.з. _:�r ,. . . '.._.��. .. .. i".. _. „- . tL . г, ` . . .. .. . � � � �� � .� iti� � � _ �I 1 --. .-, а d 你戶 匹 &：亡 、一、＿〞＿ 妝俗‘J, ~J&& ．付）二，亡 》 & ＿。斤細乞卹 →→－ &／了一兀 《二 慫 斤亡 a日日、、 化、＇ 誠 h羚 i仳 州→ 一f r&- 一分r沐、．才－ 必斗一 麩妒 lam'c Republic of Afghan'stJ, Kabul Urban Transport Efficiency Improvement Project World Bank Reference; Project ID P131864, Grant 11) '7 - I Financial Statements for the year ended 3 oth Qaws 1395(20t December, 2o16) Kabui Urban Transport Efficiene Imn provemntI r World Bank Reference: Projecl ID 1131864; Grant i061 STATEMENT OF CASH RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 30 QAWS 1395 (20 DECEMBER 2016) 1395 1394 Curutative To Dato Receiptsi Receipts/ Payrnents Payrnents Controlled by Controlled by entity entity USD USD USD IEIPTS nital fAdvance ass ass00 rect Payments I4 90 R:eplen ni shrnents 12,447,132 8 837207 23 778.305 7TAL RECEIPTS 12,447,132 8.837,207 30,260,245 PAYMENT S >isbursement Cate gory: --ds Works, NonConsulting Servcies, 13,434895 9 812,390 9,o-1,2 nstarts' services, Training and Ineremental ank Cha ~200 150 400 T L PAYMENTS 13,435,095 9,812,540 29,928,332 a of Receipts over Payments (987,963) (975,333) 331,913 :rnint (Net) 836,376 692.045 906 792 ireaseoecrease) in Cash & Cash Equivalents (151,587) (283,288 2 298,70 ash and Cash Equivalaents at the beginning he year 2,450,292 2,733 80 :reaseDecrease) in Cash & Cash Equivalents (151,587) (83288) ,ash and Cash Equivalents at the end of the year- 2,298,705 2,450,292 e accornipanying notes form an integral part of this financial statement a Mastoor ptMnister for Finance a Fnance, Islamie Republic of Afghanistan ' Ligust 1,2017 .> ...... . .. --- -- a)11 fUrban Transport Efficieiov Inproveilen ProlIV World Bank Reference: Pi-oject 11) Pl31864; Grant II) 17(161 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 QAWS 1395 (20 DECEMBER 2016) LEGAL STATUS AND ACTIVITY a. The Kabul Urban Transport Efficiency Improvement Project was set up in Ap 2011 1 improve road conditions and traffic flows on selected corridors of Kabul b. The project is fundad by grant number 17061 in the amount of USD 9000 000 by the Afghanistan Reconstruction Trust Fund agreement for which was executed n April 2014 However, the said agreement provided for retroactive financing cover inA erod from September 15, 2012 till the effectiveness of the grant. c he project consists of the following parts: i. Road Infrastructure ii, Technical Assistance and Studies iii. Frojct Management Support d. The significant terms and conditions that determine or affect the availabiity of the fundr: assistance are primarily the presentation of eligible expenditures to donor within the perica as per and in accordance with the financing agreement, e. These financial statements of the Project have been prepared in accoidance with the requirements of the Grant Agreement for the referred to in the preceding paragraph That have been signed between the Islamic Republic of Afghanistan and the International Leeopment Association acting as the administrator of the Afghanistan Reconstruction Tiust Fund StGNIFICANT ACCOUNTING POLICIES Basis of Preparation Sie financia statements are prepared under the historical cost convention and in accordnce with Cash Basis IPSAS - Financial Repoting under the Cash Basis of Ancounting ISSued by nternationa Federaton of Accountants (IFAC). 2. Reporting Entity These financial state ments are for the Project referred to in para 1 (a) vh cn is funded by tIh grant(s) as specified in para 1(b) and encompass the operations of the project to ihe extent f Liide by those graint(s). c. Receipts These represent amount of funds received from the governmen; towards i incin rg. SPayments Payments made from Special Account are recognised in the financial statements based on the dale the cheque is issued and direct payments by World Bank are recnt nised on the date on which the withdrawal application for the payment is submitted to the World Bank Hrwever Oheques oi withdrawai applications that were ultimately rejected by the bank or .ie Worlc Sank are reversed in the reporting period. C. Currency translations Tr ansactions in currencies other than the reporting currency are translat, ri US a: thr rate of exchange at which the transaction is actually executed. 1Kabul Urhan Transport Efficiency iniprocvnient Project World Bank Relerence: Project 11) P131864; Grant II) 17061 NOTES TO THE FINANCIAL STATEMENTS\ a Initial Advance n tial advance repiesents the advance given by the World Bank into the designated accoun t of the project. b- Reporting currency The reporting currency is US Dollars. Since US Dollars is the principal disbursen t cu rw of the donor, the financial statements are not prepared in the Afghani which is the icurenc of Afghanistan. c. Taminat The amount of Tar nat reported in the Financial Statements represents net flo, arising fromt ldduction/repayment of security deposit (retention money) during the reportiug period. d. Bank Charges The Ministry of Finance has negotiated with Da Afghanistan Bank that bank charges wi n. be charged on the transactions in the US Dollar Special bank account of the grant Bark Charges may be evied by intermediary banks on deposits into the Special Acont ind ai ances returned to the World Bank. Payments made by third parties These represent payments directly made by the World Bank, on basis ot requests subitted by the Ministry of Finance in form of a withdrawal application, towards suttleir of the claims, liabilities and contractual obligations against contracts and agreemcnts oro .iiursenient of eligible expenditures of the project as per the financing agreemint Th:se payments do not con stitute cash receipts or payments by the entny and as such irisclosed n he "Payments by Third Party" column in the statement of Cash Receipts and Payment Comparison of Budget and Actual Amounts The Project, being the reporting entity for the purpose of these financiar staterments i its capacity as such does not make its annual approved budget publicly availabc nor s its bidget explicitly avalable publicly in the compiled approved budget in a marn r iiurpoeful oI the context of these financial statements, Thus, the requirement of presenting o o mpaison of budget and actuaL amounts is not considered contextually applicable. g. Authorisation Date 1 hese Financial Statements are authorised by the Deputy Minister to; I -nan(c Mil of Snannce or any official acting on his behalf who has been so authorised to ac o' lht ate .doised on the Statement of Cash Receipts and Payments h. Appendices Th accompanying appendices provide additional information and apaiyi a . i ntegral part of these notes, except as indicated otherwise. Others Th bse Financial Statements are originally prepared in English and then taratei in ar In The event of any inconsistency between the English and Dan versions the Logih b S shall be considered to be correct. abul 'rban Transport Efficiency Iiprovement Pr¡e \\ rB i k l Reference: Pro1et I 1 P131864; (;rant 11) 17061 APPENDIX A1 SUMMARY OF WITHDRAWAL APPLICATIONS FOR THE YEAR ENDED 30 QAWS 1395 (20 DECEMBER 2016) Initiat Description Applienation Number Advance Amount USD USD DA-A - ,4 399 DA-A 7 1 045647 DA-A 16 299619 DA-A 15 2.990,623 DA-A 14 549,720 DA-A 13 313.966 DA-A 12 171 DA-A 11 2 546 987 Kabul Urb-an Transport Efficiencv Iniprovemenit roJ World Bank Reference: P'roject i) 1131864; Grant I) l~7 AiPENDIX A2 US Dollar SPECIAL ACCOUNT SUMMARY FOR THE YEAR ENDED 30 QAWS 1395 (20 DECEMBER 2016) nccount No 2746 ository Bank: Da Afghanistan Ban k DAB) Addr rss Ka buti USD 1392 Opening Balance as per Bank Statement 2,461 626 R epen sments 12,447 132 ceque #-2746550131 debited by bank to other account 6 025 tal Additions 12,453,157 DeŽduct: Iayents for Project Expenditure 12 598.519 ,,ank Charges 20 (otal Deductions 12-598.719 :osing Balance as per B.S 30 QAWS 1395 (20 DECEMBER 2016) 2,316,064 kabul Urban Transport Efficieney fimprovement Proice Worid Bank Reference: Project 11) 1131M4; Grant i) 701 APPENDIX A3 US DOLLAR SPECIAL ACCOUNT RECONCILIATION FOR THE YEAR ENDED 30 QAWS 1395 (20 DECEMBER 2016) untNo; 2746 ository Bank: Da Afghanistan Bank (DAB) dres Ka bul USD Sng -nce as per bank statement - 30 QAWS 1395 (20 DECEMBER 2016) 2316,064 xchane~a ign (to be transferred to Government Account) 334 h # 2746550131 debited by bank to other account 6.C22 ane as per financial statements - 30 QAWS 1395 (20 DECEMBER 2016) 2.298,70 Kalbul L rban Transport Efficieiic\ Improo\meh n i : Wor-l Bank Reference: Project 11) P131864; (rant l1) 17061 STATEMENT OF ESTIMATED GRANT AMOUNT FOR THE YEAR ENDED 30 QAWS 1395 (20 DECEMBER 2016) (Memh;oranidu7 Stateient - not an totegrai poa 0 rte Fnal Sita6 temen Amount currncy of commitment ont of Grant USD 90,500,U mount disoursed by World Bank until the end of 1395 JSD 30,20,24 disborsed Balance USD 63.2397 porting currency ~rant disborsed by World Bank until the end of 1395 US 30260 24 avalnt US Dollars for undisbursed amount USD 60,239 7 *t estmated amount of Grant Funds available USD 90,500006 ati Payments for expenditure as per the Statement of Cash Receipts & Paymets USD) 27,96,b4 u monts of total disbursement made by the World Bank since the beginning of tho 7oa avalalf ienr Connection.