03 JUN 2019 127267 Qinghai Provincial Audit Office of the People's Republic of China I DL. Audit Report RA/ T C L20191 20-# QINGHAI AUDIT REPORT C 2019 i NO. Project Name: Qinghai Xining Urban Transport Project Financed by the World Bank .8319-CN Loan No.: 8319-CN Project Entity: Qinghai Xining Urban Transport Project Construction Office 4it4&: 2018 Accounting Year: 2018 Contents I. A uditor's O pinion.....................................................................................3 II. Financial Statements and Notes to the Financial Statements................5 i. B alance Sheet..................................................................................... 5 ii. Summary of Sources and Uses of Funds by Project Component.....7 iii. Statement of Implementation of Loan Agreement...........................9 ( v i Jf ......................................................................... 10 iv. Special Account Statemeit............................................................. 10 v. Notes to the Financial Statements................................................... 15 III. Audit Findings and Recommendations............................................... 22 一、审计师意见 审计师意见 青海襼宁城市交通项目建设办公室： 我们审计了世界银行贷款青海襼宁城市交通项目2018年12月31 日的资金平衡表及截至该日同年度的项目进度表、贷款协定执行情况 表和．专用账户报表等特定目的财务报表及财务报表附注〔第5页至第 17页）。 （一）项目执行单位及青海省财政厅对财务报表的责任 簖制上述财务报表中的资金平衡表、项目进度表及贷款协定执 行情况表是你办的责任，簖制专用账户报表是青海省财政厅的责任， 这种责任包括： 1．按照中国的会计准则、会计制度和本项目贷款协定的要求编制 项目财务报表，并佼其实现公允反映； 2．设计、执行和维护必要的内部控制，以使项目财务报表不存在 由于舞弊或错误而导致的重大错报。 （二）审计责任 我们的责任是在执行审计工作的基础上对财务报表发表审计意 见。我们按照中国国家审计准则和国际审计准则的规定执行了审计 工作，上述准则要求我们遵守审计职业要求，计划和执行审计工作 以对项目财务报表是否不存在重大错报获取合理保证。 为获取有关财务报表金额和披露信息的有关证据，我们实施了 必要的审计程序。我们运用职业判断选择审计程序，这些程序包括 对由于舞弊或错误导致的财务报表重大错报风险的评估。在进行风 险评‘估时，为了设计恰当的审计程序，我们考虑了与财务报表相关 的内部控制，但目的并非对内部控制的有效性发表意见。审计工作 还包括评价所选用会计政策的恰当性和作出会计估计的合理性，以 及评价财务报表的总体列报。 1 我们相信，我们获取的审计证据是适当的、充分的，为发表审’ 计意见提供了基础。 （三）审计意见 我们认为，第一段所列财务报表在所有重大方面按照中国的会计 准则、会计制度和本项目贷款协定的要求编制，公允反映了世界银行 贷款青海襼宁城市交通项目2018年12月31日的财务状况及截至该日 同年度的财务收支、项目执行和专用账户收支情况。 （四）其他事项 我们还审查了本期内报送给世界银行的第017至023号提款申请 书及所附资料。我们认为，这些资料均符合贷款协议的要求，可以作 为申请提款的依据。 本审计师意见之后，共同构成审计报告的还有两项内容：财务 报表及财务报表附注和审计发现的问题及建议。 乓价一 地址：中国青海省襼宁市五四大街41号 邮政簖码：810001 电话：86一0971一6182558 传真：86一0971一6182500 2 1. Auditor's Opinion Auditor's Opinion To Qinghai Xining Urban Transport Project Construction Office: We have audited the special purpose financial statements (from page 5 to page 17) of the Qinghai Xining urban transport project financed by the World Bank, wh ' ich comprise the Balance Sheet as of December 31, 2018 the Summary of Sources Uses of Funds by Project Component, Statements of Implementation of Loan Agreement and Special Account Statement for the year then ended, and Notes to the Financial Statements. Project Entity and Qinghai Provincial Finance -Department's Responsibility for the Financial Statements The preparation of the Balance Sheet, the Summary of Sources and Uses of Funds by Project Component and the Statement of Implementation of Loan Agrpement is the responsibility of your entity, while the preparation of the Special Account Statement is the responsibility of Qinghai Provincial Finance Department, which includes: i. Preparing and fair presenting the accompanying financial statements in accordance with Chinese accounting standards and system, and the requirements of the project loan agreement; ii. Designing, implementing and maintaining necessary internal control to ensure that the financial statements are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility, is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Government Auditing Standards of the People's Republic of China and 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 financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entities' preparation and fair 3 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 cohtrol. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of 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 appropriate and sufficient to provide a basis for our audit opinion. Opiiiion In our opinion, the financial statements identified in the first paragraph present fairly, in all material respects, financial position of Qinghai Xining Urban Transport project financed by the World Bank as of December 31, 2018, its financial receipts and disbursements, the project implementation and the receipts and disbursements of the special account for the year then ended in accordance with Chinese accounting standards and system, and the requirements of the project loan agreement. Other Matter We also examined the withdrawal application No.1 7to No.23 and the attached documents submitted to the World Bank during the period. In our opinion, those documents comply with the project loan agreement and can serve as basis for loan withdrawal. The audit report consists of the Auditor's Opinion and two more parts hereinafter: Financial Statements and Notes to the Financial Statements, Audit Findings and Recommendations. Qinghai Provincial Audit Office of the People's Republic of China May 16, 2019 Address: No.41 Wusi Avenue, Xining, Qinghai, China Postcode: 810001 Tel.: 86-0971-6182568 Fax: 86-0971-6182500 The English translation is for the convenience of report users; Please take the Chinese audit report as the only official version. 4 II. Financial Statements and Notes to the Financial Statements i. Balance Sheet BALANCESHEET 2018 * 12 Al 31 H (As of December 31, 2018) Project Name: Qinghai Xining Urban Transport Project Financed by the World Bank Prepared by: Qinghai Xi ing Urban Transport Project Construction Office Currency Unit: RMBYuan Application of Fund Line Beginning Ending Balance Sources of Fund Line Beginning Ending Balance No. BalnceNo. Balance Toa ProjctEU endiure 1 Total Project 28 Total ProjectRxpenditures 1 697,800,186.08 816,379,359.87 Appropriation Funds 566,300,000.00 566,800,000,00 Fixed Atsets Transferred 2 - - Project Capital and Capital 29 Surplus Construction Expenditures 3 - - 30 -3- to be Disposed Including: Grants 3. 4QWfiaw431 14517844 34696.3 Investments Transferred-out -Total Projec Loan 4. WE-I 4. ?tiW5 Total Project 32 Construction in Progress 697,800,186,08 816,379,359.87 Investment Loan 194,501,728.44 304,669,566.83 6 ~ ~ ~ ~~~~() 33 14,0,7844 34,6,56 Investment Loan Receivable 6 - Foreign Loan 33 194,501,728.44 304,669,566,83 Including: World Bank 7 - - 34 Investment Loan Receivable Including: IDA Appropriation of Investment 8 - - 35 Loan - . IBRD 194,501,728.44 304,669,566.83 Including :Appropriation of 9 - - Technical 36 - World Bank Investment Loan Cooperation EM 10 - - 37 - Equipment Co- Financing Including: Equipment Losses 11 s- (2) l L a 38 iSupneDomestic Loan 3 in Suspense Total Cash and Bank 12 85,738,558.55 56,742,797.74 Other Loan Cash in Bank 13 85,694,483.35 5674028774 Appropriation of 40 - Investment Loan Including Special Account 14 44,335,122.551 3,690,667.84 Including: World Bank 41 - 44,35.12.55 33,60,66.84 Loan Cash on Hand 44,075.20 2,510.00 Bond Fund 42 - 9M, (To be continued) 5 16 Construction Expenditures 43 Total Prepaid and Receivable 30,577,884.66 24,741,365.05 to be Offset Including: World Bank Loan 17 - - 44 Interest Receivable Total Payable 52,653,126.25 25,589,348.83 World Bank Loan Commitment Fee 18 - Including: World Bank 45 Receivable Loan Interest Payable World Bank Loan World Bank Loan Service- 19 - - 46 Commitment Fee Fee Receivable Payable 20 - -47-- Marketable Securities World Bank Loan Service Fee Payable 21 2,800.00 - 48- Total Fixed Assets Other Payables 22 2,800.00 - 49- - Fixed Assets, Cost Appropriation of Fund Less: Accumulated 23 50 Depreciation Retained Earnings 664,574.60 804,607,00 24 2,800.00 -- - Fixed Assets, Net 25 - - Fixed Assets.Pending Disposal 26 - - Fixed Assets Losses in Suspense Total Application of Fund 27 8 14,119,429.29 897,863,522.66 Total Sources of Fund 51 814,119,429.29 897,863,522.66 6 (:i) JAWf ii. Summary of Sources and Uses of Funds by Project Component SUMMARY OF SOURCES AND USES OF FUNDS BY PROJECT COMPONENT I' *A!i 2018 4 12 A 31 H (For the period ended December 31, 2018) Project Name: Qinghai Xining Urban Transport Project Financed by the World Bank Prepared by: Qinghai Xining Urban Transport Project Construction Office Currency Unit: RMBYuan Current Period Cumulative L Currnt Xit5tAffi Current Period Current Period Pi Current Ac1 ja Cumulative Budget Actual %Period% LifeofPAD CumulativeActual Completed Completed 271,310,000.00 110,667,838.39 41% 1,556,902,300,00 871,469,566.83 . 56% Total Sources of Funds 1.liJfRa WorldBank Loan 271,310,000.00 110,167,838,39 41% 759,852,000.00 304,669,566.83 40% 2. 1 0.00 500,000.00 0% 797,050,300.00 566,800,000.00 71% Municipal counterpart fund 3.II'M DomesticLoan 0.00 0.00 0% 0.00 0.00 fftk5fi[# (SPJKH ) 46% 52% Total Application of Funds (by Project Comlionent) 259,154,449.88 118,579,173.79 1,556,902,300,00 816,379,359.87 1.JAiM Urban Roads 139,050,018.90 86,295,033.61 62% 1,008.362,100.00 772,606,909,31 77% 2.A>43ZR Public Transport 5% 2% 107,251,548.98 5,059,912.00 433,551,700.00 9,626,324.50 3 Intelligent 96% 17% Transport Management 10,252,882.00 9,843,780,21 57,839,800.00 10,111,780.21 4.Knl1Jii Institutional 74% 24% Capacity Building 2,600,000.00 1,935,268,50 17,180,000.00 4,136,288.00 5.0-.ii Other. 0.00 9,965,747.73 0% 0.00 10,031,075.94 0% 6. i3iikMtZPAJLoaninterest 0.00 5,479,431.74 0% 38,138,700.00 7,918,901.91 21% 7. AURtiE front-end fee 0.00 0.00 0% 1,830,000.00 1,948,080.00 106% N:P Difference - -7,911,335.40 - * 55,090,206.96 Change in Receivables - 5,836,519.61 24,741,365,05 2. rR4195)HE Change in Payables - 27,063,777.42 -25,589,348.83 3. iff fifl Change in Cash and Bank - -28,995,760.81 56,742,797.74 4. ;K;Z Other -142,832.40 -804,607.00 7 一！!’斗＿一＿ . � � � й .� о о ама � � �f ед о о �д . 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Special Account Statement M P 4k A SPECIAL ACCOUNT STATEMENT *,M;k iF 2018 * 12 A 31 H (For the period ended December 31, 2018) Project Name: Qinghai Xining Urban Transport Project Financed by the World Bank 8319-CN Loan No. 8319-CN Prepared by: The Finance Department of Qinghai Province Depository Bank: Qinghai branch, China Construction bank W- y: 63014001100229668866 Account No : 63014001100229668866 Currency: USD A03 : *JYJ4 -M%P4kAfF1a Part A-Account Activity for the Current Period Amount 6,785,088.08 Beginning Balance tA- - Add: I W R 4T E] 4 10 R 14,625,04L70 Total Amount Deposited this Period by World Bank 2,495.52 Total Interest Earned this Period if Deposited in Special Account 0 T -A, q c IP 99 Z 111 1 Total Amount Refunded this Period to Cover Ineligible Expenditures D ,duct: 16,503,739.09 Total Amount Withdrawn this Period Total Service Charges this Period if not Included in Above Amount Withdrawn 4,908,886.21 Ending Balance r- gTo be continued) 10 Part B-Account Reconciliation Amount . Amount Advanced by World Bank 10,000,000.00 * Deduct: 2. a-IFTRMP Total Amount Recovered by World Bank 3. 10MAF00PY000.00 Outstanding Amount Advanced to the Special Account at the End of this Period 4.92 RPM*AM+0 Ending Balance of Special Account 4,908,896.21 Add: 5. Amount Claimed but not yet Credited at the End of this Period Application No. 6. 4IS M *E*### ig A 5,102,710,73 Amount Withdrawn but not yet Claimed at the End of this Period 7. 5;Nl*f 6Ilst5*o * ) Cumulative Service Charges (If not Included in Item 5 or 6) Deduct: 8. T ( tA f lt8&) 11596.94 Interest Earned (If Included in Special Account) 9. P 10,000,000,00 Total Advance to the Special Account Accounted for at the End of this Period 11 （五）财务报表附注 财务报表附注 1．项目概况 世界银行贷款青海襼宁城市交通项目贷款号为8319一cN，旨在 通过该项目的实施，对城市交通走廊和发展轴一五四走廊的根本改 善，为襼宁市民在市中心与城市襼部之间的出行提供高效、便捷和 安全的交通服务，突出以人为本、公交优先以及绿色交通理念，是 一个为襼宁市民提供快速、舒适和安全的基础设施建设项目，对保 证交通出行安全及促进经济平稳较快发展起到积极作用。项目协议 于20 14年3月24日签订，2014年5月21日生效，预计2019年9 月30日前关账。项目计划总投资人民币15.29亿元，其中世界银行 贷款总额1.20亿粎元，折合人民币7．犯亿元。 2．财务报表编制范围 本财务报表的簖制范围包括青海西宁城市交通项目建设办公 室、3个子项目办的财务报表及青海省财政厅专用账户报表。 3．主要会计政策 3.1本项目财务报表按照财政部《世界银行贷款项目会计核算办 法》（财际字〔2000〕13号）的要求编制。 3.2会计核算年度采用公历年制，即公历每年1月1日至12月 31日。 3.3本项目会计核算以“权责发生制”作为记账原则，采用借贷 复式记账法记账，以人民币为记账本位币。 3.4按照中国人民银行2018年12月28日汇率，即1美元＝人民 币6.5632元折算。 4服表科目说明 4.1项目支出 12 2018年项目支出人民币118,579,173.79元，完成当年投资计划 的46%，其中城市道路累计支出人民币86,295，。33.61元，公共交通 5,059,912元，智能交通管理9,543,780.21元，机构能力建设 l,935,265.5元，其他9,965,747.73元，建设期利息5,479,431.74元。 4.2货币资金 2018年12月31日货币资金余额为人民币56,742,797.74元，．其 中：专用账户余额折合人民币33,690,667·84元· 4.3预付及应收款项 2018年12月31日余额为人民币24,741,365.05元，主要是预付 襼宁市城北区建设局拆迁费3,655,296.24元、西宁市城北区土地统征 和储备服务中心征地款9,397,973 .39元、中铁港航局第三工程有限公 司工程款1,963,083 .75元、安徽水利开发股份有限公司1,483,013.56 元、北京易华录信息技术股份有限公司工程款5,341,292.14元等。 4.4项目拨款 2018年12月31日余额为人民币566,800,000元，全部为市级配 套资金。 4.5项目借款 2018年12月31日世行贷款折合人民币304,669,566.83元。 4,6应付款 2018年12月31日余额为人民币25,589,348.83元，主要是西宁 市测绘院测绘费945,774元、青海九。六勘察设计院设计费541,238 元、南京市城市与交通规划设计研究院股份有限公司城市综合评价 费528,000元、中铁港航局集．团第三工程有限公司质保金 9,892,274.48元、安徽水利开发股份有限公司质保金4,579,187.69元、 襼宁城市建设开发有限责任公司管理费721,625.34元、中铁第一勘· 察设计院集团有限公司勘察设计费2,653,020元等。 4.7留成收入 I3 截至2018年12月31日余额为人民币804,607元，主要是银行 存款利息收入。 5．专用账户使用情况 本项目专用账户设在中国建设银行青海省分行营业部，账号为 63014001100229668866，币种为美元。2018年初余额6,785,088.08 粎元，当年支出16,503,739.09粎元，回补资金14,625,041.70美元， 利息收入2,495.52粎元，2018年末专用账户余额4,905,586.21美元， 尚未申请回补金额5,102,710.73美元。累计利息11596.94美元，利 息上年累计加本年合计数由于四舍五入比实际多1美分口 6．贷款协定执行情况 本期工程、货物、咨询服务及培训、先征费以及专用账户本年 提款粎元按6.86犯折合人民币计算。2017年末汇率6.5342和2018 年末汇率6.8632差异。，3290元计算2017年累计提款美元差额并入 本年度折合人民币提款额。 14 v. Notes to the Financial Statements Notes to the Financial Statements 1. Project Overview The World Bank Loan for Qinghai Xining Urban Transport Project is numbered 8319-CN. The project aims at enabling Xining residents to travel between the city center and the western part of the city in a fast,'efficient and safe manner,- through strategic improvements to Wusixi Road,- a major transport and urban development corridor. The project highlights the ideas of people-first, bus-first and green' transport. It is a capital construction project that provides rapid, comfortable and safe public transport, playing a proactive role in ensuring the traffic security of traveling and promoting the sound development of local economy. The Project Agreement was signed on March 24, 2014 and became effective on May 21, 2014 and the project loan account is expected to close by September 30, 2019. The project has a total investment of RMB 1,529,000,000.00 Yuan, of which USD 120,000,000.00, equivalent to RMB 732,000,000 Yuan, is from the World Bank. 2. Consolidation Scope of the Financial Statements Consolidation scope of the financial statements covers the financial statements of the Qinghai Xining Urban Transport Project PMO via VVB Loan and its 3 sub-PMOs, as well as the Special Account established by the Provincial Financial Bureau. 3. Accounting Policies 3.1 The Financial. Statements of the project were prepared according to the requirements of Financial Accounting Methods of the World Bank Financed Projects (Document reference No.: Caij izi [2000] 13). 3.2 In accounting practice, the Gregorian calendar year is adopted as the fiscal year from January I to December 3 1. 3.3 The accrual basis and the debit/credit double entry bookkeeping method are adopted. RUB is u5ed as the recording currency of bookkeeping. 3.4 The exchange rate adopted in the financial statements was the exchange rate on December 28, 2018 of the People's Bank of China, which is USD I = RMB 6.8632 Yuan. 4. Explanation of Subjects 4.1 Total Rroject Expenditure 15 The project expenditure in 2018 was RMB 118,579,173.79 Yuan, accounting for 46% of the total investment plan, of which cumulatively RMB 86,295,033.61 Yuan was for urban road construction, RMB 5,059,912 Yuan for public transport, RMB 9,843,780.21 Yuan for intelligent traffic system (ITS), RMB 1,935,268.5 Yuan for institutional capacity building, RMB 9,965,747.73Yuan for other components, with an interest amount of RMB 5,479,431.74 Yuan. 4.2 Cash and Bank On December 31, 2018, the balance was RMB 56,742,797.74 Yuan, of which the balance of special account (designated account) was converted into RMB 33,690,667.84Yuan. 4.3 Advance and Receivables On December 31, 2018, the balance was RMB 24,741,365.05 Yuan. They were mainly used for prepaying RMB 3,655,296.24 Yuan of household demolition to Xining Chengbei District Construction Bureau, RMB 9,397,973.39 Yuan of land acquisition to the Land Acquisition & Reserve Center of Xining Chengbei District, RMB 1,963,083.75 Yuan of engineering charge to No.3 Engineering Company, Ltd of CRCC Harbor & Channel Engineering Bureau Group, RMB 1,483,013.86 Yuan of engineering charge to Anhui Water Resources Development Shares Company, Ltd and RMB 5,341,292.14 Yuan of engineering charge to Beijing YiHualu Information Technology Company, Ltd. 4.4 Project Appropriation Funds The balance on December 31, 2018 was RMB 566,800,000.00 Yuan, which was the total of all the counterpart funds at the municipal level. 4.5 Project Borrowings On December 31, 2018, the project borrowing fund from the World Bank was converted into RMB 304,669,566.83 Yuan. 4.6 Payables The balance on December 31, 2018 was RMB 25,589,348.83 Yuan, of which RMB 945,774.00 Yuan of survey and mapping charge was payable to Xining Municipality Survey & Mapping Institute; RMB 541,238.00 Yuan of design charge payable to Qinghai 906 Survey & Design Institute; RMB 528,000.00 Yuan of integrated urban evaluation charge payable to Nanjing Municipality Urban Transport Planning & Design institute Shares Company, Ltd; RMB 9,892,274.48 Yuan of performance security payable to No.3 Engineering Company, Ltd of CRCC Harbor & Channel Engineering Bureau Group; RMB 4,579,187.69 Yuan of performance security payable to Anhui Water Resources Development Shares Company, Ltd; RMB 721,625.34 Yuan of administration charge payable to Xining Urban Construction and Development Company, Ltd; RMB 2,653,020.00 16 Yuan of survey and design charge payable to No 1 Survey and Design Institute Group Company, Ltd of CRCC. 4.7 Retained Earnings The balance on December 31, 2018 was RMB 804,607.00 Yuan, mainly interest income earned from bank deposits. 5. Special Account The Special Account of this project has been set up in the China Construction Bank, Qinghai Branch, with the account number of 6301 4001 1002 2966 8866 and USD as the currency Unit. In 2018, the beginning balance was USD 6,785,088.08 and in the same year, USD 16,503,739.09 was withdrawn; USD 14,625,041.70 replenished; USD 2,495.52 from interest income. In 2018, the ending balance of the special account was USD 4,908,886.21; the replenishment amount not yet requested was USD 5,102,710.73; the cumulative interest was USD 11,596.94. It is noted that the interest amount of both the cumulative of the previous year and the total amount of the year is 1 cent more than the actual amount due to rounding. 6. Statement of Implementation of the Loan Agreement For works, goods, consulting service, training, front-end fee during the reporting period, as well as the USD amount withdrawn from the special account this year, all USD amounts involving those mentioned were converted into RMB and calculated at the interest rate of RMB 6.8632 Yuan. The exchange rate was. 6.5342 at the end of 2017 while the exchange rate was 6.8632 at the end of 2018, with a difference of RMB 0.3290 yuan. It was used to calculate the difference of cumulative USD amount withdrawn in 2017, which was consolidated into the RMIB amount withdrawn of the year after conversion. 17