Financial Report of Takaful and Karama Cash Transfer Program Project No. P145699 Implemented by Ministry of Social Solidarity (MOSS) and financed through The International Hank for Reconstruction and Development (IBRD) For the year from July 1, 2017 through June 30, 2018 and Auditor's Report Hazem Hassan Independent Auditor', Report To: Dr Nit ine El Kahhag Ieputp Minister for Social Proteetion and Developnent And Director of- Tkalfil and Karamna Progran Gika. Egypt. We have audie the lund accnlmi,ld~ smtaewn uf Taka1iul and IUwmj C^ l nah ir f rgr Li Psjec N" P1-l5ti imph,ented by inbury wl Soc:Lial Soulidarint (IO'NI') nd t ym frim JUl4 i, 2L117 1hrugh Juc A 2018 and Jn nymr % iWI ln )ur 'pini. ilie accimpanying fund axcnibii sialrint f t pr omr th y ktui flv 1. 2)17 tnungh June L i prepred m Vw -I al rial ~edpeyts. in accrdancU with cayh icec,it and db risemæm bsi, 13 accunting dsyibed in th Ne (Qi I Nhu aiN for (pinion W conducted our Aud, inA a~ccnu,- with intirnumna! V ~ktndrd on Auiing (14st ur reii;~:spo Ii:ii I nder tho"st ;ildards are :urther Iscribed :n :he Audams Resporsiiliies. for the audit of the- tid aicountability. statemenLlIt seiin of~ o, reni t W die :ipeJndent i t pi jc imanagmnr: in accordance witli the cthical ete lu iirmt a! are rekvan tio our a dit ofj thie lund acu n biityil tdteimntil. and wer h ifulilledi iur L -de !hic l spLlonsi1iliv' in accord with hs r uim ni We ld kive lihat tce mudit evidence we hvc y bti neo d is sui-iemi and popJ niie "po a Ks Wr w1 E mphasis of Matter - Basis ol Accounting and Restriction on Use and Distribution ve dra mto mi Note (1) i, toi thnd accountabul swniar , which sribs the b mis "f ac"ontin TL knid ~cu mwtbli Statement is prepared tu assst ihe pm'tl m::angme t cpyi tthe fincial repJIi1tng pIv.isis i ccordancce'' wih h :Iie (1, of the notes to te Ainn IacuntiyLouit walvlent As a resltte fund accoulbiliiy siim m nom ii suitable for ,anq%ther p'Lrp-ie Ouil report isi miende llun:y fdr Develpie: UBRD) and houl L b[ uwed by i di, ibkd ti pieSwh [thferh: Mnisry of SMcidl Sidar&:ity or the Inlertinanl- Bank km RecrNuEiuii ad Dvvelpmnt11 IBRDk 1u opinion i nni modined in res t i& hisaw. Re%ponsibUicis ofNManagemernt and T hose Uharged »ith Go%ernianice for the Fund A,ccounftablility Statemnt Min,Aement is responsibke nr the preatmkn of the find accntiity stlate iwn in Andri wh t (I) of theNde s te o th tundr ahcetundia bilty s7ndctuta and fai such :inerna cklas mnagemem d rn iWL n r m mtSmtmn when:h the upaxi in e7n thi touN-r anadvs itpømn tha imbN imr oprkut R U :-ur:m7 mis du hig SrAd I . tinged with gIoislance Sen a rpn wie foNiir m i præ jImt in iadl AuditcrY Res ponsibilite for the Audit of the Fund Accuntability StatemeIt As tbjctie0 are in toobai reaSnable assurance about wahn te fund accniadity stdteen a i whole is te imm maeria mrssu,mei"W. wh emøth o due l rud reor and to issuei ani :uitrs eor t s that. inclde!t:s: .upinin. RksonaNe' assranice is. a high seve sf aisr:mce, bti i u ni a gsurame tha ianudii cnducte in acorce with ISAs wi Iis detect a asiaii P iqnht l wh ib xnis. Mi8talemems can ase from frud ;i wr Mhr . rad are d inidered material I, bndt idyi .in It aggre,te. Ahey Nuld easnbly be expe:cd to infJnence the ecnii deci,snins of users~ taken on th h -.s f hi fed A St in audin of acemdanc wih ISAs w k) execie ptlci n _;nkk1 nd mld i- i'ritessional skeiismi thurssughout the auditt. We- als • tduwsy ud is tp the nsks ct ermial Iisum f h li nd arcinitbiisl:ty 117st m . whether due et friud lr trror, dsgn ant d i peror ui',, preieluIrsr i e.psisve to tose risk. anid obini aud: evisdece thu i s snufi:- i ui and :aprosprsisl to plui a ie s ur piin. The rnhisk of nt dwrhyting maeriK: uwoiLt"mnt iesiultin trom sraus i' higheriha fr one resuling from errr, a8 faud may\ invoantuc • Obtiniii tifxcs dinutss interni xsis rejevant to It e uii in ssnlIr ts dejigjn aniit i cdric mål iii s p;is ai. ini -h: ie ?:ilinitis. but ii n ti rNixpe ingano in SI i ht cfi u nicS stif t :h i U ji s ihrnli c sntrol • Evalutei theapprop[riatsiics of ascc'unings policis usedi and thei reasonabiieesiiis si accountiesi imateis anid reiltedi di s~clse mn by mnangenmeni Hzemn Hassn p Inne scopell andk lm n of rthe ad a and t)ý-.co ;n rem adil l i t,;ýlTndgt icludtng tany igni i defiini in intenal co l th;a w identkiy duýringý iur aud KPMG Ham]lma Public Aconaaand Consuiltants Cairo. Egypt Fund Aountahilitv Stlmkivrlwnt 겯[’『:『 [! / 「 닙 껼; 「―,;: -;:, ·, 「 -;-;,:· -!:· ·『壟 l ! -;- : -; , ,―꺌 & -―』8: ―「· --1 -.- . -,., -;· : -[돝 :. - . :: ! Notes to tht Fund Aixountabilily Statement "Гиk;►fц1 �►пд �►rarт►.► (',►sh Тrиn�Гсг Yro�;rcm Prqj�et �ьк►. }'1d:+�i9►) ТтЕ►lemented Ь�� .'иlinistrt� о( 5оrьаl 4гrtiгi»rit►� Э'i�tUti4) und Finaпced [fз►•г►►►�;h thc Intern:►tiгrnal E3ank for ltec►�r�strыctiun ягrгl th•��e1►►pnп�nl 11ti1ZU! r'с►г- thc� yt�г►r frлm,i►►1} 1. 21)I'л throu�;h ,Iune 3t), 2()1ц 'tiotES tя thE f�r►nd �Accч►unt:►bilitr Stлtement '�гзtе 1: .'�rск►untiг►}; Fiиsis Сгз� :un�i :з�.с,,иi� . .� 1iг� гаlегпts,г 1?:гч I �си Еггсl,.гг�1 +гr .he c,ri., �,asr�. с ,,�.-_.Эис , гс�.�гсггs.цс -� г. 41 uhcn t=`п�ч� ;iзс �►гtи.гЭlц гiсс�х�сгl гinJ cx��cггtlU,гr��� аг� г �- 44"1��п IE1�'г :l1'. �l1��1.�i��'•' �'..In1. . . 'titзtгe w: 13t1d�tгt �Гhс� .:��1i.гть7 1�+(�1г�г) "[t�I2(► l3игl�,сС' intlu:3c4 .гРг?г{lисд 1}u�f_�'е! чп .гсs��чгд.�пси.• x��itt: ��n��l�r� .���г.�i�тсгг а1:;:с� АЕзгi1 1?, _'�.l1�. ТЭг.ч a,luзr.n i, ,7г.аг+.lс�1 in гhс ;urrrl :гzгi�ип:.гhгlilц ,t;attirrгсsгl 1��i iI€�.�u:rliчt �ииr�Уг*м�s �rгъlr ап� i. п��t Езап ��! ihc iuг�ui accгьun:at,=.1iri �Э.il,�п�.,nr ii�r :Ire sч,гг lг+лn Julti� (. �Qt? t�ггипt�lз 3гзпо .7гi. �гJ1�. Vote 3: Aettь;►17`t►is Yc�r ��Гhг� �<�1и�-�п 1`,� sг�i '� 1игi.аь Thi� ��~�.гг'� iz t"�r г,.�жпa�it,i3it}� �д �Г�г}���rf ': г1 1ti�и�ыпа гпап,tр.*ссл-п. .��. i.t г.i'г�г�.'n1L 1h: .7C�u~i? �г•.-�:��.�. r�t+f�;€r�t1 ,"t16г1 г.•ti('К'I�•.• �. �! (�к II1г i�r;п i�сг�т 1u1s �. 'C11�' ±Iзг��и�=,h lигiс :;ti, ?iI11� ''доtе �!: ("иг•reп�ti Is'ach:m�:e Кн1с 1h� 1c►n.t<<зпг3 i�;:rrr�n��; nt t?зг 1г?tcrn�ti��n;�) kЗ,�п1; Gs�r Ite:г�n�lruc'i�зп;�пi Lh:�r.Iл�,пi.�ni {[IS1t1-з1 ;гпrс. г5 t�r.� t!nгc�tl `a:гt�:, 1);r1lвr. П'S1ii, гг;, �чгlЭ�iыlti ai'r г1�с ti;гns,г� 1;us� ��i гFгс E:etlг.ia€г ]'�,ипс'!. зссгс Ir.mslatcd [п 1L tiE)f асгг,гtЭiп�* tr> tFr гd�it±n; с,.сh,зг.г'с ra4u w�tic�i iгlс�пгiГсг) tr1� th� С'entral 1?'г7г.t; 7гг1 thc I�иггсп�,паЕ rurzcпcv ui lliпi<Ег�� �:,1 1�iпги7� 4 г,'4fСЭЕ } lu?!г1 iм г,!е €��,ир.iап Р��иnг' I Е��_GE'� 1�чг гhе 4�r;чr frг5m 1и1ц 1. �и1? г.hг�чиыгМ 3►ап� �з�. ��)] � '�ote 7: 1�'ront f:ги1 1�'ес I hc It� rr�,�scr ��.7i<; :1,с li.гn�: а 1 r�r-it ! nd } сс „п thr tи,ггз �ггтц�иn! •п (�ir3г ,�►:ci1 I>с сlгидl и� ;�r,c yu.rttr 1!С ��пс С?ггсспt {и.'�r.'; )��f i�c 1�r,rn ать,ипl. а5 s�7c�tiгc�r: гп !f�, ��7,гз± г�гсг;зз+�гг1. �ьиtсг (i: I'und Iial�ьnп� 1*�t' 1_tПд 1..1.tttt'с гх'1эп'tic'i'1� � GЭi'.fезезгсс' hrett'iеП [he г:з,h Fг::т(еггс't} гг;зrn 1ntc�rnыгi,,:�..з( 1iа:�Э; iг�r ite. �c�i,4зciiurз ,:пс1 1}е��_.��.�r.,cut (((3R�)i апд tr�t<.� r�pendilu:e, Эзаiгf fг:гпз �зее�}i��зз �зf 11з�� �^г�ч;�-i1'hп��_�_ �, .►и.зе 3Cf, �',Э�}1у, ih,ti h.зlancc �.tзз !х• i1]и�;1г,з�сi! ,зt F,зi!sги i:ь�^: c5n Ег<,j;rtLlc,ILrг:ьtt��uг�I:мt+i Junc i�},_`(t14;113К}а} Э-,, �;�7--'1}� , 'п,}�.t } t��,(?'iап Peзtrii�l :�rгtsunt ач �,t .1€kп� ;I1 '1i(,�, I(i3l2I)I ,_',.=1-l.�`ii lntcnл� s1с.г}� E�:tnk :1i•гг�ш�t' а~ ,,} 9ы r�: ;{}, �ii1 п St)?,,5 Э ti 1 д�ч�: Aзr-f�,ui� tt,urь}�•*сс3 }пr=зз Itз: h9iгli,•`.i4 г}1 Sг�cia} 4iз1€гl:ггьtt (1 �I•} ;~�) tiгь .� 1з,,�р,гппзсп� i;Эзnзпtstcьti��c 5гг',i��п I1' `зыlуlгигt. �rants � .I � . !�l�rrtt balance as of as of ,)игlе 3(1, 2t)1$ 1IRTtL)} ��.:�+д7,.�i�Г� 1nt�rnteditttr k3гзгik Аг-г�nгзпl� th�� - �,з�. �1i:t}с b:uгf� ; �согьп? i� }чг•in}* rгггаl�сЭ загзг• 1�� tht� ��ге~�епцоiг `n,m 1,� 1�,�4�ti �.�� _ ���.�4i mt:гt ut�t1 ('е;иг:зЭ (3.из'� гзi F�}*у'(�1 гt� },.гti ~'[ьr�пw Iit�ззt 1hc зчi;- п' �1. _��.��,i;���, 'ltъс г*.зia=islr�� г,I �;г,.-i�,з1 ',nl�iiariд�� гч u�rne thc inletгt.cгiE:гt� Ь:т1 , � , ntn[е 1?з:гп cзtre lпгijесl ttг },� аЬ1с It7 1�,,у г 1г�t�ггз?nic tгапьfсr in�гt•пд гг1 .� _�:,�