INDEPENDENT AUDITORS' REPORTdocuments.worldbank.org/curated/en/295041468265749595/... ·...

FICADEX ALBANIA Ltd

INDEPENDENT AUDITORS REPORT

With audited financial statements

for the year ended 3 1 December 2012

Agriculture and Rural Development Project

(IDA Credit No 50050 - XK)

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WB456288
Typewritten Text
80687

Project


Financed under World Bank Cred it No 50050 - XK IIDA

PrQject ID PI 12526

Status Active

Approval dale June 14 201 I

Effective date

Closing dale July 31 2017

COllntry Kosovo

Audited by

FICADEX ALBANIA Ltd

Jacques COLlBERT

Maria DUSHI

wwwficadexcom

SAIU(WE n~I 8x 0 N~ I MIIltptJl l huIlJf( H 1inllu-Afhtmm

Mft ~ ltlruf J1 Q 4 [)lfrre~ -AlhtUlHl

Tdjm Jjj 51 J7 8Jv

Mission

Audit of spec ial purpose Financia l Statements

For the year ended December 31 2012

Report

Date July 24 2013

Version Final report

DeclaratiOIl of responsibility

The entire documentati on was provided by the management of tile Project and MEF of Kosovo

Content

Independent Auditors Report Page

With

Audited financia l statements of the project

bull Statement of Sources and Uses of Funds for the year ended 31 December 2012

bull Statement of expenditures for the year ended 3 1 December 2012 2

bull Notes to the Financ ia l Statements as at 31 December 20 12 3-9

Supplementary schedule to the Financial Stalemel1ls

Accumulated statement of expend itures for the incept ion date up to 3 I December 2012

Mobile -gt 355 69 40 52 787FICADEX ALBANIA Ltd Telfax SARACEVE street Building no 6 No + 355 52 2 37 859

1 Municipal Unit no 8 TiranamiddotAlbania alficad~x((ogmail com ~cxhotmnJI com

laquo Migjeni street 147 Q 4 Durresmiddot AJbania Web site ~wwti(adexc In


To tbe Minister of Economy and Finance

of Repnblic of Kosovo

We have audited the accompanying fUlancial statements of Agriculture and Rural Development Project [manced under World Bank Credit No 50050 - XKlIDA which comprise the Statement of Cash Receipts and Payments and the Statement of Expenditures for tbe year ended December 31 20 12 and the related notes to the financial statements

Managements Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with the cash basis of accounting described in Note 2 to the Financial Statements this includes determining that the cash basis of accounting is an acceptable bases for the preparation of the financial statements in the circumstances Management is also responsible for the design implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement whether due to fraud or error

Auditors Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit We conducted our audit in accordance with International Standards on Auditing Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements The procedures selected depend on the auditor S judgment including the assessment of the risks of material misstatement of the fUlancial statements whether due to fraud or error In making those risk assessments the auditor considers internal control relevant to the entitys preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of the entity s internal control Accordingly we express no such opinion An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management as well as evaluating the overall presentation of the financial statements

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion

Mobile + 355 6940 52 787FICADEX ALBANIA Ltd

SARACEVE street Building no 6 No + 35552237859TeVfux I Municipal Unit no 8 Tjrana~Albania E-mail aJficadcxf(j l2mail com iHi caJexholnmilcom Migjeni street 147 Q4 Durresmiddot AJbania Web site

WW ficadcxcntn

Opinion

In our opinion the financial statements referred to above presents fairly in aU material respects the funds received and expenses paid by the Agriculture and Rural Development Project financed underWorld Bank Credit No 50050 - XKJIDA for the year ended December 3 12012 in accordance with the cash receipts and disbursements basis as described in Note 2 to the financial statements

Basis ofAccounting

We draw attention to Note 2 of the financial statements which describe the basis of accounting The financial statements are prepared on the cash basis of accounting which is a basis of accounting other than accounting principles generally accepted in the Republic of Kosovo Our opinion is not modified with respect to this matter

The financial statements are prepared to assist the Project to meet the requirements of World Bank and the Government of Republic of Kosovo As a result the fmancial statements may not be suitable for another purpose

Restriction on Use

Our report is intended solely for the information and use of Government of Kosovo Projects donors and Projects management and is not intended to be and should not be used by anyone other than these specified parties

Kosovo July 24 2013

~

Jacques --JullJ

Marije DUSHI

21 r

Agriculture aud Rural Development Project (IDA Credit No 50050 - XK)

Statemeut of Sources and Uses of Fuuds

for the year ended 31 December 2012

(in EUR unless otherwise stated)

Sources and uses

Notes

Year ended

December 31 2012

December 31 2011

Cumulative from May 032012

(inception date) to December 31

2012

Sources of Funds

IDA Credit 5005 funding 4

Temporary advances received by Government ofKosovo 5 160465764 160465764

Govemment ofKosovo Co - financing

Total courses 160465764 160465764

Uses of Funds

Civil works

Goods 6 (11514496) (11514496)

Consulting services 7 (7708037) (7708037)

Training 8 (380860) (380860)

Operating Incremental Costs 9 (27 21039) (2721039)

Sub - Projects - grants for fanners 10 (138141332) (138141332)

Total uses (Detieit)Surp1us of receip ts over disbursements

11 (160465764) (160465764)

Exchange rate differences Cash on hand and at banks at the end of the year

The Statement of Sources and Uses of Funds is to be read in conjunction with the notes set out on pages 3 to 10 and fanning an integral part of the financial statements

The financial statements of the Public Sector Modernization Project were authorised for issue by the management of the Project on 051072013 and signed on its behalf by

Arlinda ARENLIU

Pro] eit Director

QaZDend BAlM ~

Financial management

I P age

Agriculture and Rural Development Project (IDA Credit No 50050 - XK)

Statement of expenditures (Withdrawal Schedule)

for (he year ended 31 December 2012

(in EUR unless otherwise stateJ)

IDA Credit No SOOS - XK funding

Type of Withdrawal application App pym Category 1 Category 2 Date received Value date application A m

ARDPOO I Rei mbursement 21 middot Feb -20 13 26-Feb-20 13

Total IDA Credit No 5005 - XK funding

As at 31 December 20 12 there is no disbursement from the Credit

The expenses incurred during 2013 were refunded in 20 13 with the withdrawal application no 001 date February 212013

21 a glt

Agriculture and Rnral Development Project (IDA Credit No 50055 - XK)

Notes to the Financial Statements


(in EUR unless alllen-Fise stated)

1 General

The Financing Agreement for the Agriculture and Rural Development Project (IDA Credit 5005 shyXK) - (the Project) was signed between the International Development Association (IDA) and the Republic of Kosovo Recipient) on July 26201 I The Project funding Agreement is ratified by Assembly of Republic of Kosovo with decision no 04-V -228 on November 11 2011 The May 32012 is the effective date of the project

IDA agrees to extend to the Recipient on the terms and conditions set forth or referred to the Agreement a credit (variously Credit and Financing) in an amount equivalent to twelve million eight hundred thousand Special Drawing Rights (SDR I 2800000) (equivalent ofUSD 2015 million as translated on the agreement July 26 20 II) to assist in financing the project

The Recipient may withdraw the proceeds of the Financing in accordance with Section IV of Schedule 2 to the Agreement

In addition to the proceeds from IDA the Project will be financed in part by funds provided by the Government ofKosovo (Co financing)

At the commencement of the Project the Government of Kosovo (the Recipient) established a Project Implementation Unit (PIU) (PIU Director procurement specialist training specialist Evaluation and monitoring specialist administrative assistant and financial management specialist) within MAFRD to implement monitor control and completes the operation of the Project

At 31 December 2012 the Project had 29 employees

The Project development objective is to assist the Government of Kosovo to promote competitiveness and growth in the livestock and horticulture sub-sectors over the next decade through implementation of selected measures of its agricultural strategy and institutional development

The Project consists of the following parts

Part I Tran~ferring Knowledge to the rural Sector

I Provision of Training to fann operators agro - processing enterprises local action groups farmer associations other rural entrepreneurs and municipal advisors on the preparation of grant proposals for Rural Development Grants and related business plans in the livestock production horticulture and agro-processing and diversification sectors

2 Carrying out of regional knowledge exchange study for farm operators and agro - processors through the provision of study tours and Training

3 Strengthening of Municipal Rural Advisory Centres through the provision of goods and consultants services and Training

4 Coordinating mral advisory services through the hiring of a coordinator and provision of Training goods and Incremental Operating Costs

Part II Enhancing Investments to Promote Sustainable Rural Development

1 Provision of Rural Development Grants to BenefIciaries in accordance with procedures and criteria set forth in the Project Operations Manual

2 Capacity building of the Managing Authority and the Paying Unit through the provision of works goods consultants services Training and Incremental Operating Costs

31 F 1 g e





1 General (continuing)

The Project consists of the following parts (continuing)

Part Ill Project Management Coordination MOllitoring alld Evaluatioll

Capacity building of the PIU through the provision of furniture equipment per diem and transportation costs for the PIU staff office space and supplies telephone and internet service and Training as well as auditing and Incremental Operating Costs relating to the Project

IDA Credit No 5005 - XK

The following table specifIes the categories of Eligible Expenditures that may be financed out of the proceeds of the Financing (Category) the allocations of the amounts of the Financing to each Category and the percentage of expenditures to be financed for Eligible Expenditures in each Category

Category Amount of the Percentage of Amount of Credit Amount of Credit Financiug expenditures allocated (in USD) allocated (in EUR) allocated (in to be financed SDR)

1 Goods works consultants services Training and Incremental operating costs

4000000 100 643796000 444656600

2 Sub - projects 8800000 ~5~OO~Yo____~J4~~J6~3~5~J~2~0~0______~9~78~7~44400

Total amount 12800000 2060147200 1422901000

The Goverrunent of Kosovo will repay the principal amount of the Credit in semi-annual instalments payable as of describe in following

Date Payment Due Principal Amount of the Credit repayable (expressed as a percentage)

On each April 15 and October 15 each instalment shall be

commencing on October 152021 to and including April 15 2031

5

The maximum Commitment Charge Rate payable by the Recipient on the unwithdrawn Financing Balance sball be 0 5 per annum

The service charge payable by the Recipient on the withdrawn Financing Balance shall be equal to three - fourths of one percent (34 of I) per annum

The payment Currency is Euro

The closing date is July 31 2017

As at 31 December 2012 there is no disbursement from the Credit


Notes to the Financial Statemeuts


(in EUR unless othenvise stated)

Rural Development Grants

I The Recipient shall make Rural Development Grants to Beneficiaries for Subshyprojects in accordance with the eligibili1y criteria and procedures set forth in the POM

2 The Recipient shall make each Rural Development Grant under a Rural Development Grant Agreement with the respective Beneficiary to be approved by the Association and on terms and conditions approved by the Association which shall include the following

a) The Recipient shall obtain rights adequate to protect its interests and those of the Association including the right to (i) suspend or tenninate the right of the Beneficiary to use the proceeds of the Rural Development Grant or obtain a refund of all or any part of the amount of the Rural Development Grant then withdrawn upon the Beneficiarys failure to perform any of its obligations under the Rural Development Grant Agreement and (ii) require each Beneficiary to (A) carry out its Sub-project with due diligence and efficiency and in accordance with sound technical economic financial managerial environmental and social standards and practices satisfactory to the Association including in accordance with the provisions of the Anti-Corruption Guidelines applicable to recipients of loan proceeds other than the Recipient (B) provide promptly as needed the resources required for the purpose (C) procure the goods works and services to be financed out of the Sub-financing in accordance with the provisions of this Agreement (D) maintain policies and procedures adequate to enable it to monitor and evaluate in accordance with indicators acceptable to the Association the progress of the Sub-project and the achievement of its objectives eEl (1) maintain a financial management system and prepare financial statements in accordance with consistently applied accounting standards acceptable to the Association both in a manner adequate to reflect the operations resources and expenditures related to the Sub-project and (2) at the Associations or the Recipients request have an operational review of the Rural Development Grant operations carried out by independent auditors acceptable to the Association in accordance with consistently applied auditing standards acceptable to the Association and promptly furnish the report to the Recipient and the Association (F) enable the Recipient and the Association to inspect the Sub-project its operation and any relevant records and documents and (G) prepare and furnish to the Recipient and the Association all such infonnation as the Recipient or tile Association shall reasonably request relating to the foregoing

3 The Recipient shall exercise its rights under each Rural Development Grant Agreement in such manner as to protect the interests of the Recipient and the Association and to accomplish the purposes of the Financing Except as the Association shall otherwise agree the Recipient shall not assign amend abrogate or waive any Rural Development Grant Agreement or any of its provisions

51 P a g (



for tile year ellded 3 i December 20 i2


2 Basis of preparation

The fillallcial statements of the project for the year ended 31 December 2012 have been prepared for the purpose of complying with the provisions of the Projects objectives the World Bank guidelines and terms and conditions of the IDA Credit no 5005-XK

The financial statements comprise the Statement of Sources (Cash Receipts) and Uses (Payments) the Statement of Expenditure used as the basis for the submission of withdrawal applications for the year ended 31 December 20 12 the Cumulative Statement of Expenditure for the period trom inception date until 3 1 December 2012 and a summary of significant acconnting policies and other explanatory notes

The fillancial statements have been prepared in accordance with cash basis [PSAS - Financial reporting under the Cash Basis of Accounting which differs from Kosovo and International Financial Reporting Standards On this basis income is recognised when received rather than when earned and expenses are recognised when paid rather than when incurred Accordingly direct and indirect payments of the Projects expenses which are made from the proceeds of the grants are recogn ised as sources and uses of funds at the time the payment is made

The financial statements prepared fo r the special purpose are presented in Euros (EUR) unless otherwise stated

3 Summary of significant accounting policies

A summary of significant accounting policies underlying the preparation of the Projects fi nancial statements is presented below

31 Foreign currency transactions

The project accounts are maintained in Euros (EUR) the legal cUlTency of Kosovo The Project deals predominantly in EUR while the foreign currencies the Project deals with are predominantly in Special Drawing Rights CSDR) and United State Dollars (USD)

Transactions in foreign cUlTencies are translated to the functional currency at exchange rates on the dates of the transactions

Initial Credit amount are maintained at the historical exchange rates The project translates the undrawn grant balance at the rates in effect on the year end The exchange rates in effect as at 3 1 December 20 12 and 2011 were as fo llows

Currency 2012 2011

USDXDR

XDRIUSD

EURXDR

XDRJEUR

EURI USD

065065

153692

085775

11 6583

131830

077

119

61 P a g



for the year ended 31 December 20 12

(in EUR unless otherwise slated)

32 Recognition of income and expenses

Income is recognised when received rather than when earned and expenses are recognised when paid rather than when incurred

33 Taxation

The Project is not exempt from Income Tax Value Added Tax (VAT) and Custom Duties The local employees of the project are liable for personal tax and social security contributions

4 IDA Credit no 5005-XK funding

IDA funding for the years ended 31 December 2012 is composed as follows

Year ended Year ended 31 December 2012 31 December 2011

Reimbursements

Direct payments

Total

5 Temporary advances received by government of Kosovo

The temporary advances received by Government of Kosovo for the year ended 31 December 2012 and cumulative is composed as follows

Financed by Year ended Year ended December 31 2012 December 312011

Temporary advances received by GOK 160465764

Total 160465764

The cumulative temporary advances received by GOK of 160465764 Euro represent Withdrawal Application 001 on February 2013 as follows

Withdrawal Type of App Pyon Category 1 Cat~go ry 2 Oate received Value date application application Amt

ARDPOO I Reimbursement 160465764 22324432 138 14 1332 2 1middotFeb middot20 13 26middotFebmiddot20 13

Total lOA Credit No 160465764 22324432 138141332

5005 - XK funding

7IPg





6 Goods

Expenditures for goods are detailed as follows

Year ended Year ended Item 31 December 2012 31 December 2011

Office fumiture

Air conditioners

Renovation ofPTU oftice

Work cloths

Oftice equipment

1633100

130000

2397246

2578400

4775750

Total 11514496

7 Consultant services

Expenditures for Consultant services are detailed as follows

Year ended Year endedItem

31 December 2012 31 December 2011

Employer net salary 6868860

Personal income tax withheld 494138

Employer pension contribution 345039

Total 7708037

8 Training

Expenditures for training are detailed as follows

Item Year ended 31 December 2012

Year ended 31 December 2011

Study visit Macedonia 353760

Training Italy 27 100

Total 380860

81 Pnge




(in EUR unless alhewise slaled)

9 Incremental operating costs

Expenditures for Incremental operating costs are detailed as follows

Item Year ended Year ended 31 December 2012 31 December 2011

Rent for Pill office

Tax for Pill rent

Tax for PU rent

Employer pension contribution

Expenses for communication

News paper

Internet

Office expenses (petty cash)

Rent for PU office

217854

21546

144000

345039

217516

29000

42000

248084

1456000

Total 2721039

10 Sub - projects grants for farmers

Expenditures grants for fanners are detailed as follows


Fanner grants 138141332

Total 138141332

Since the MAFRD did not have financial means to finance fanner projects the MAFRD requested the Bank a credit of 206 million USD part of which will go to support the Grant Scheme of the MinistJy toward these fanners After the call of Proposal the fanners prepared their projects and proposals and after the verification of the documents and on the spot situation the Payment Agency of MAFRD selected the potential beneficiaries of the Grant Scheme After the closure of the total investment the fanners requested reimbursement of 50 of the total sum of their project Before each payment evelY single benefici31Y was monitored in the Field from the inspectors of the Payment Agency Even the MampE specialist of the project monitored 20 of the overall number of beneficiaries

Agriculture and Rural Development P roject (IDA Credit No 5005 - XK)


fo r th e year ended 3 1 D ecem ber 20 12

(i11 EUR unless olherwi)-e staLed)

11 Expenditures by parts

The expenditures by Project Parts for the year ended 31 December 2012 is as follows

Incremental Sub - grantsConsultant

Parts Goods Training operating (G rants for Total se rvices

costs fa men )

TrCJ11serring Knowledge to the Part [ rum Sector

192027 192027

Enhancil1g Investments to Promote Sustainab le Rural

Part II Development 97539 11 26545 19 353760 16224 12 143 84602

Part III

Project Nfallagemcnl Coordination Moniloring and Evaluation 156855R 50535 IR 27100 1098627 77478 03

Sub shyProjects

GranLsIorIroners in these sectors milk sector fruil secLOr(apples and small frUits) grape seclor vegetables secwrgreenhouses) 138 14 1332 1381 4 1332

Total December 31 2012 11514496 7708037 380860 2721039 138141332 160465764

12 Expenditures by category SOurces of funds

Expenditures by sources of fu nds for the year ended 31 December 2012 are composed as follows

TemporaryIDA Credit

Item advances byfundin g Total

Gov ernment

Goods 11 514496 11514496

Consultants serv ices 7708037 7708037 Training and workshops 380860 380860 Incremental operating costs 2721 039 272 1039

Sub - rroJects grants for farmers 138 14 1332 138141332

Total 160465764 160465764

10I Pagc



Statement ofCumulative ExpendItures Withdrawal Schedule


(Supplementary schedule

to the Annual Financial Statements)

Project


Financed under World Bank Cred it No 50050 - XK IIDA

PrQject ID PI 12526

Status Active

Approval dale June 14 201 I

Effective date

Closing dale July 31 2017

COllntry Kosovo

Audited by

FICADEX ALBANIA Ltd

Jacques COLlBERT

Maria DUSHI

wwwficadexcom

SAIU(WE n~I 8x 0 N~ I MIIltptJl l huIlJf( H 1inllu-Afhtmm

Mft ~ ltlruf J1 Q 4 [)lfrre~ -AlhtUlHl

Tdjm Jjj 51 J7 8Jv

Mission

Audit of spec ial purpose Financia l Statements

For the year ended December 31 2012

Report

Date July 24 2013

Version Final report

DeclaratiOIl of responsibility

The entire documentati on was provided by the management of tile Project and MEF of Kosovo

Content


With






















WW ficadcxcntn

Opinion


Basis ofAccounting



Restriction on Use


Kosovo July 24 2013

~

Jacques --JullJ

Marije DUSHI

21 r





Sources and uses

Notes

Year ended

December 31 2012

December 31 2011



2012

Sources of Funds




Total courses 160465764 160465764

Uses of Funds

Civil works

Goods 6 (11514496) (11514496)


Training 8 (380860) (380860)




11 (160465764) (160465764)




Arlinda ARENLIU

Pro] eit Director

QaZDend BAlM ~


I P age











21 a glt





1 General

















31 F 1 g e













4000000 100 643796000 444656600


Total amount 12800000 2060147200 1422901000





5















51 P a g (
















Currency 2012 2011

USDXDR

XDRIUSD

EURXDR

XDRJEUR

EURI USD

065065

153692

085775

11 6583

131830

077

119

61 P a g







33 Taxation





Reimbursements

Direct payments

Total





Total 160465764





5005 - XK funding

7IPg





6 Goods



Office fumiture

Air conditioners


Work cloths

Oftice equipment

1633100

130000

2397246

2578400

4775750

Total 11514496








Total 7708037

8 Training






Total 380860

81 Pnge









Tax for Pill rent

Tax for PU rent



News paper

Internet


Rent for PU office

217854

21546

144000

345039

217516

29000

42000

248084

1456000

Total 2721039





Total 138141332










costs fa men )


192027 192027



Part III


Sub shyProjects


Total December 31 2012 11514496 7708037 380860 2721039 138141332 160465764



TemporaryIDA Credit


Gov ernment

Goods 11 514496 11514496



Total 160465764 160465764

10I Pagc







Content


With






















WW ficadcxcntn

Opinion


Basis ofAccounting



Restriction on Use


Kosovo July 24 2013

~

Jacques --JullJ

Marije DUSHI

21 r





Sources and uses

Notes

Year ended

December 31 2012

December 31 2011



2012

Sources of Funds




Total courses 160465764 160465764

Uses of Funds

Civil works

Goods 6 (11514496) (11514496)


Training 8 (380860) (380860)




11 (160465764) (160465764)




Arlinda ARENLIU

Pro] eit Director

QaZDend BAlM ~


I P age











21 a glt





1 General

















31 F 1 g e













4000000 100 643796000 444656600


Total amount 12800000 2060147200 1422901000





5















51 P a g (
















Currency 2012 2011

USDXDR

XDRIUSD

EURXDR

XDRJEUR

EURI USD

065065

153692

085775

11 6583

131830

077

119

61 P a g







33 Taxation





Reimbursements

Direct payments

Total





Total 160465764





5005 - XK funding

7IPg





6 Goods



Office fumiture

Air conditioners


Work cloths

Oftice equipment

1633100

130000

2397246

2578400

4775750

Total 11514496








Total 7708037

8 Training






Total 380860

81 Pnge









Tax for Pill rent

Tax for PU rent



News paper

Internet


Rent for PU office

217854

21546

144000

345039

217516

29000

42000

248084

1456000

Total 2721039





Total 138141332










costs fa men )


192027 192027



Part III


Sub shyProjects


Total December 31 2012 11514496 7708037 380860 2721039 138141332 160465764



TemporaryIDA Credit


Gov ernment

Goods 11 514496 11514496



Total 160465764 160465764

10I Pagc






















WW ficadcxcntn

Opinion


Basis ofAccounting



Restriction on Use


Kosovo July 24 2013

~

Jacques --JullJ

Marije DUSHI

21 r





Sources and uses

Notes

Year ended

December 31 2012

December 31 2011



2012

Sources of Funds




Total courses 160465764 160465764

Uses of Funds

Civil works

Goods 6 (11514496) (11514496)


Training 8 (380860) (380860)




11 (160465764) (160465764)




Arlinda ARENLIU

Pro] eit Director

QaZDend BAlM ~


I P age











21 a glt





1 General

















31 F 1 g e













4000000 100 643796000 444656600


Total amount 12800000 2060147200 1422901000





5















51 P a g (
















Currency 2012 2011

USDXDR

XDRIUSD

EURXDR

XDRJEUR

EURI USD

065065

153692

085775

11 6583

131830

077

119

61 P a g







33 Taxation





Reimbursements

Direct payments

Total





Total 160465764





5005 - XK funding

7IPg





6 Goods



Office fumiture

Air conditioners


Work cloths

Oftice equipment

1633100

130000

2397246

2578400

4775750

Total 11514496








Total 7708037

8 Training






Total 380860

81 Pnge









Tax for Pill rent

Tax for PU rent



News paper

Internet


Rent for PU office

217854

21546

144000

345039

217516

29000

42000

248084

1456000

Total 2721039





Total 138141332










costs fa men )


192027 192027



Part III


Sub shyProjects


Total December 31 2012 11514496 7708037 380860 2721039 138141332 160465764



TemporaryIDA Credit


Gov ernment

Goods 11 514496 11514496



Total 160465764 160465764

10I Pagc











Sources and uses

Notes

Year ended

December 31 2012

December 31 2011



2012

Sources of Funds




Total courses 160465764 160465764

Uses of Funds

Civil works

Goods 6 (11514496) (11514496)


Training 8 (380860) (380860)




11 (160465764) (160465764)




Arlinda ARENLIU

Pro] eit Director

QaZDend BAlM ~


I P age











21 a glt





1 General

















31 F 1 g e













4000000 100 643796000 444656600


Total amount 12800000 2060147200 1422901000





5















51 P a g (
















Currency 2012 2011

USDXDR

XDRIUSD

EURXDR

XDRJEUR

EURI USD

065065

153692

085775

11 6583

131830

077

119

61 P a g







33 Taxation





Reimbursements

Direct payments

Total





Total 160465764





5005 - XK funding

7IPg





6 Goods



Office fumiture

Air conditioners


Work cloths

Oftice equipment

1633100

130000

2397246

2578400

4775750

Total 11514496








Total 7708037

8 Training






Total 380860

81 Pnge









Tax for Pill rent

Tax for PU rent



News paper

Internet


Rent for PU office

217854

21546

144000

345039

217516

29000

42000

248084

1456000

Total 2721039





Total 138141332










costs fa men )


192027 192027



Part III


Sub shyProjects


Total December 31 2012 11514496 7708037 380860 2721039 138141332 160465764



TemporaryIDA Credit


Gov ernment

Goods 11 514496 11514496



Total 160465764 160465764

10I Pagc

















21 a glt





1 General

















31 F 1 g e













4000000 100 643796000 444656600


Total amount 12800000 2060147200 1422901000





5















51 P a g (
















Currency 2012 2011

USDXDR

XDRIUSD

EURXDR

XDRJEUR

EURI USD

065065

153692

085775

11 6583

131830

077

119

61 P a g







33 Taxation





Reimbursements

Direct payments

Total





Total 160465764





5005 - XK funding

7IPg





6 Goods



Office fumiture

Air conditioners


Work cloths

Oftice equipment

1633100

130000

2397246

2578400

4775750

Total 11514496








Total 7708037

8 Training






Total 380860

81 Pnge









Tax for Pill rent

Tax for PU rent



News paper

Internet


Rent for PU office

217854

21546

144000

345039

217516

29000

42000

248084

1456000

Total 2721039





Total 138141332










costs fa men )


192027 192027



Part III


Sub shyProjects


Total December 31 2012 11514496 7708037 380860 2721039 138141332 160465764



TemporaryIDA Credit


Gov ernment

Goods 11 514496 11514496



Total 160465764 160465764

10I Pagc











1 General

















31 F 1 g e













4000000 100 643796000 444656600


Total amount 12800000 2060147200 1422901000





5















51 P a g (
















Currency 2012 2011

USDXDR

XDRIUSD

EURXDR

XDRJEUR

EURI USD

065065

153692

085775

11 6583

131830

077

119

61 P a g







33 Taxation





Reimbursements

Direct payments

Total





Total 160465764





5005 - XK funding

7IPg





6 Goods



Office fumiture

Air conditioners


Work cloths

Oftice equipment

1633100

130000

2397246

2578400

4775750

Total 11514496








Total 7708037

8 Training






Total 380860

81 Pnge









Tax for Pill rent

Tax for PU rent



News paper

Internet


Rent for PU office

217854

21546

144000

345039

217516

29000

42000

248084

1456000

Total 2721039





Total 138141332










costs fa men )


192027 192027



Part III


Sub shyProjects


Total December 31 2012 11514496 7708037 380860 2721039 138141332 160465764



TemporaryIDA Credit


Gov ernment

Goods 11 514496 11514496



Total 160465764 160465764

10I Pagc



















4000000 100 643796000 444656600


Total amount 12800000 2060147200 1422901000





5















51 P a g (
















Currency 2012 2011

USDXDR

XDRIUSD

EURXDR

XDRJEUR

EURI USD

065065

153692

085775

11 6583

131830

077

119

61 P a g







33 Taxation





Reimbursements

Direct payments

Total





Total 160465764





5005 - XK funding

7IPg





6 Goods



Office fumiture

Air conditioners


Work cloths

Oftice equipment

1633100

130000

2397246

2578400

4775750

Total 11514496








Total 7708037

8 Training






Total 380860

81 Pnge









Tax for Pill rent

Tax for PU rent



News paper

Internet


Rent for PU office

217854

21546

144000

345039

217516

29000

42000

248084

1456000

Total 2721039





Total 138141332










costs fa men )


192027 192027



Part III


Sub shyProjects


Total December 31 2012 11514496 7708037 380860 2721039 138141332 160465764



TemporaryIDA Credit


Gov ernment

Goods 11 514496 11514496



Total 160465764 160465764

10I Pagc
















51 P a g (
















Currency 2012 2011

USDXDR

XDRIUSD

EURXDR

XDRJEUR

EURI USD

065065

153692

085775

11 6583

131830

077

119

61 P a g







33 Taxation





Reimbursements

Direct payments

Total





Total 160465764





5005 - XK funding

7IPg





6 Goods



Office fumiture

Air conditioners


Work cloths

Oftice equipment

1633100

130000

2397246

2578400

4775750

Total 11514496








Total 7708037

8 Training






Total 380860

81 Pnge









Tax for Pill rent

Tax for PU rent



News paper

Internet


Rent for PU office

217854

21546

144000

345039

217516

29000

42000

248084

1456000

Total 2721039





Total 138141332










costs fa men )


192027 192027



Part III


Sub shyProjects


Total December 31 2012 11514496 7708037 380860 2721039 138141332 160465764



TemporaryIDA Credit


Gov ernment

Goods 11 514496 11514496



Total 160465764 160465764

10I Pagc






















Currency 2012 2011

USDXDR

XDRIUSD

EURXDR

XDRJEUR

EURI USD

065065

153692

085775

11 6583

131830

077

119

61 P a g







33 Taxation





Reimbursements

Direct payments

Total





Total 160465764





5005 - XK funding

7IPg





6 Goods



Office fumiture

Air conditioners


Work cloths

Oftice equipment

1633100

130000

2397246

2578400

4775750

Total 11514496








Total 7708037

8 Training






Total 380860

81 Pnge









Tax for Pill rent

Tax for PU rent



News paper

Internet


Rent for PU office

217854

21546

144000

345039

217516

29000

42000

248084

1456000

Total 2721039





Total 138141332










costs fa men )


192027 192027



Part III


Sub shyProjects


Total December 31 2012 11514496 7708037 380860 2721039 138141332 160465764



TemporaryIDA Credit


Gov ernment

Goods 11 514496 11514496



Total 160465764 160465764

10I Pagc













33 Taxation





Reimbursements

Direct payments

Total





Total 160465764





5005 - XK funding

7IPg





6 Goods



Office fumiture

Air conditioners


Work cloths

Oftice equipment

1633100

130000

2397246

2578400

4775750

Total 11514496








Total 7708037

8 Training






Total 380860

81 Pnge









Tax for Pill rent

Tax for PU rent



News paper

Internet


Rent for PU office

217854

21546

144000

345039

217516

29000

42000

248084

1456000

Total 2721039





Total 138141332










costs fa men )


192027 192027



Part III


Sub shyProjects


Total December 31 2012 11514496 7708037 380860 2721039 138141332 160465764



TemporaryIDA Credit


Gov ernment

Goods 11 514496 11514496



Total 160465764 160465764

10I Pagc











6 Goods



Office fumiture

Air conditioners


Work cloths

Oftice equipment

1633100

130000

2397246

2578400

4775750

Total 11514496








Total 7708037

8 Training






Total 380860

81 Pnge









Tax for Pill rent

Tax for PU rent



News paper

Internet


Rent for PU office

217854

21546

144000

345039

217516

29000

42000

248084

1456000

Total 2721039





Total 138141332










costs fa men )


192027 192027



Part III


Sub shyProjects


Total December 31 2012 11514496 7708037 380860 2721039 138141332 160465764



TemporaryIDA Credit


Gov ernment

Goods 11 514496 11514496



Total 160465764 160465764

10I Pagc















Tax for Pill rent

Tax for PU rent



News paper

Internet


Rent for PU office

217854

21546

144000

345039

217516

29000

42000

248084

1456000

Total 2721039





Total 138141332










costs fa men )


192027 192027



Part III


Sub shyProjects


Total December 31 2012 11514496 7708037 380860 2721039 138141332 160465764



TemporaryIDA Credit


Gov ernment

Goods 11 514496 11514496



Total 160465764 160465764

10I Pagc















costs fa men )


192027 192027



Part III


Sub shyProjects


Total December 31 2012 11514496 7708037 380860 2721039 138141332 160465764



TemporaryIDA Credit


Gov ernment

Goods 11 514496 11514496



Total 160465764 160465764

10I Pagc







INDEPENDENT AUDITORS' REPORTdocuments.worldbank.org/curated/en/295041468265749595/... ·...

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Transcript of INDEPENDENT AUDITORS' REPORTdocuments.worldbank.org/curated/en/295041468265749595/... ·...