lubei Provincial Audil Office of the People's Republic of China Audit Report 'F) W* [2019J 97 9 HB REPORT [ 2019] NO.97 Project Narne: Xiaogan Logistics Infrastructure Construction Project Financed by the World Bank 9~~ 6 §§Y:813--C N Loan No. : 8613-CN Project Entity: Xiaogan Logisties Infrastructure Construction Project Office ) 2018 Accounting Year: 2018 Contents I. Auditor^s Opinion ··.. . - ... .3 11 Financial Statements and Notes to the Financial Statements . 5 i. Balance Sh eet........ ii. Summary of Sources and Uses of Funds by Project Conponent.7 iii. Statement of Implenentation of Loan Agreenent g00 iv. Special Account Statement ....... . v. Notes to the Financial Statements ............. - 5 S..............................Audi..Fe n d 1II. Audit Findings and R ecommendations ...... ..... . ...........»»....-20 一、审计师意见 审计师意见 孝感市世界银行贷款物流基础设施项目管理办公室： 我们审计了世界银行贷款物流基础设施项目2018年12月犯日 的资金平衡表及截至该日同年度的项目进度表、贷款协足执行情况表 和专用账户报表等特定目的财务报表及财务报表附汪（第5页至第行 页）。 （一）项目执行单位对财务报表的责任 簖制上述财务报表是你办约责任，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，并使其买现公允反映； 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贝！｛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，计戈！i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，我们买施了必 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。在进行风险评活 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。 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，第一段所列则务报表在所有重大万面按照中国的会 钊准则、会计制度和本项目贷款协定的要求编制，公允反映了世行贷 款孝感物流基础设施建设项目2018年12月31日的财务状况及截至 该日同年度的财务收支、项目执行和专用账尸收支情况 （四）其他事项 我们还审查了本期内报送给世界银行的第2号至第7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 申请提款的依据凸 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 表及财务抓未｝’拱址和审计发现的问题及建议。 中华人民共初国湖；声审计厅 二O一九年六月二十七日 地址：中国湖北省武汉市武昌区天鹅路3号 邮政簖码：430071 电话：86一27一87236025 传真：86一27一87252502 1. Auditor's Opinion Auditor's Opinion To Xiaogan Logistics Infrastructure Construction Project Office We have audited the special purpose financial stateriients (from page 5 to page 17) of Xiaogan Logistics Infrastructure Construction Pro . ect Financed by the World Bank, which comprise the Balance Sheet as of December 3 1, 20 18, the Summary of Sources and Uses of Funds by Project Component. the Staten-lent of Implementation of Loan Agreement and the Special Account Statement for tile year then ended, and Notes to the Financial Statements. Project Entitv's Responsibility for the Financial Statements The preparation of the above mentioned financial statements is the responsibility of your entity, which includes: i. Preparing and fair presenting the accompanying financial statements in accordance with Chinese accounting standards and systern, 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 witli ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial staternent,, are free frorn 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 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. An audit also includes evaluating the appropriateness of accountinc, policies used and the reasonableness of accounting estimates made by managernent, 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. Audit Opinion In our opinion, the financial statements identified in the first paragraph present fairly, in all material respects, financial position of Xiaogan Logistics Infrastructure Construction 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 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 have also audited the Withdrawal Application No.2 - No. 7 and the attached information submitted to the World Bank. We agree that these materials all conform to the Loan Agreement and can be used as the evidences for 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. Hubei Provincial Audit Office of the People's Republic of China June 27, 2019 Address: No. 3 Tiane Road, Wuchang District,Wuhan City, lubei Province, P.R. China Postcode: 430071 Tel.: 86-27-87236025 Fax: 86-27-87252502 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 ( -) * 1 f , i .Balance Sheet BALANCE SHEET 20l18 -$ý 12 fi 31 E (As of Dec.312018) Projet Name: Xiaogan Logi,,tics Infrastructure Construction Project Financed by tle World Bank Prepared by: Xiaogan Logistics Infrastructure Construction Project Office Currency Uit: RIB Yuan TBeainnin" 4 ~.- Bcina Application ol Fund Ending Baince Søurces of Fund [in e j_ nnm Endin Badnce Line o BaldinceBanc i 52.9.3 89,225.776y99 I~ f] I6 S69.14 4.1 4S2 4 4 Total Projeet Expenditure Total Project Appropriation Funds Fixed Assets Transfened ProjetL: Cap al and Cipital Surplus Uontruction Expenditures to 3 he disposedIneldnI GrWI iwesmnent Transferred-out Total PiIect Lk an 4|s f Totaj Projeet Constreton tn Progrs 14,582.295.30 89225,776.99 I,nvest4 54.656.745.59 Ctreflo. ýn PrIV s, Im ýtø enJ , -n nvestment Loan Rece vable ] Foreitn Loan 4 5 54656,745 59 Ineluding: Wrold Bank Investment Loan Receivahle Appropriation of Investmene r 34,304,550 00 54,656,745.59 Loan ineluding: Appropriatio f 9 Tlnical World Bank lnestmeni Loan Cooperatior 5 介 6 (-) JA Ii tIA ii.Sunimary of Sources and Uses of Funds by Project Component JAJ ffi ý#& A(-) SUMMARY OF SOURCES AND USES OF FUNDS BY PROJECT COMPONENT I 2 0 18 -T 12 ý] 3 1 11 For Ilie Period ended Dec.3 1,20 18 Projet Naiiie:Xiao(yaii Logisfles Ilifraýiriicture Con,,truction Proýject Financed hy, tile \Vorld Batik 5ý 7, Prepared by:Xiaogan Logisfics Infrastnicturc Construction Prqject Office (7111,1-utic L ritt: RNI 13 Ytian T-- Cuncill PL:I-ik)LI Cumulam e W l ljý I L CUM:nt Current lieriod Curreni period % l- 11 te c, fl` A D CUIMLJIIxiý L: Acmaj: Budm Actual Loillp etell Total Sources 87-396.200.00 S3,6ý8,020.09 95.71 962,600,00 119, si 113 9 2-1,1 14-5 0 0 [of Falld.S 48,410,01 9- 6 3 7,40000000 54ý656,745. 59 S»57 lille] lunional F irlanciaý 20.352. 195.5 42.04",(» 48,4 1 (_).DOW0O 20.352, 19 5.5 0 ).000.00 42 ý o 637.40( 4,656.745.59 8.571% 113RD äý Counrerparl 38.980.200.00 63.305.824.50 l 62. 3 8 11 3 2 5.100,000.00 84-924.593.64 -6.11%, Financing i 303,38 1.230.86 .Appmpýiatioji Fund, 3 0'ý, 8 1. 213 0. 8 6 Loan 2. tf,ý'Ä rv,"ý'P D(iiiie""tl'c 39,986,200.00 63,305.824,50 162.3N",'1 84,924.59 3. t)4 3 8 9, 3'ý Loan i j stalc 38.986,200.00 63,305.824.50 l 62,3 N Appiopriation = 9ýý 4 n Self-inve,;lnierv Fund: I Total 97,396.200.00 74,643.48 1.69 85.41% 1 > 962-600,000.00 89ý--?25,-,76,99 9.1;. Appiiczi(ion of Funds . ..... ----- . .. .... ff) Fl 14t 11x Pr(ýjcci Component) Linkýny 70-180,258.48 46,267A90.37 65.93%) 541,190,000.00 l 59 10. 191,1i, Logistics i ý Ä i Veii i cal No. I Road 34,9 16,613.00 15,465, 147.29 4 4. 29 % 3~?31-ý9',7.--13ý.0(ý 20,6 16-77VI.43 6.38'ýý,, 7 J I HOnion til Nø.8 Roa d 28.427.839.50 22.672.737.00 7976% 148.376.907.00 24.971.685.32 16.83% 50 % Branch No.50 Rø6,835805 98 8,12Q606 08 118.93% 69,405.855.00 9 542.093.84 13.75 Logss) 00400 00000 370.060.000.00 471 1,228.7827 Lcstics Information ).0040 0.00% 243.230 û00.00 4. 7 228 28 94 M tnagement Building 2 Pubih c [ f0 00G 0.00% 21,218 28000 0.00 W000% Infrmafio3i - i 20-060 0.00000 185.037.98 1 .269,952.66 i85037 98 1269.952.66 training and seminars. additional operating cosIt 4. Fn250000.00 F000 250.000.00 1715,800.00 Frontr-Enid Fue Premnurns, of interest-rate ceiling and ticoors MO S iA u5 .000,000.00 34.316,000.00 SSpeeial Aciii,tunt3 STotal 00.000.000.00 271 3.740.76 18624.94559 7.963.740.76 54.656.745.59 9 Ü i M -& ÉLf- IN f f( The notes are integral parts of the finaneial statements) 10i iv. Special Account Statement SPECIAL ACCOUNT STATEMENT 2018 1V 12 )1 31 11 (Foi the period ended Dec.31.-0 18) Projet Name:Xiaogan Logistics lnfrast-ucture Construction Project Depositon, Bank: Sluj