28 JUN 2019
Audit Service Center of China National Audit Office for
Foreign Loan and Assistance Projects
Audit Report
W<V+4R (2019) 20 -i
AUDIT REPORT (2019) NO. 20
Projet Name: Integrated Modern Agriculture Development Projeet
Financed by the World Bank
k    :     8321-CN
Loan No.:     8321-CN
Projeet Entity: Budget Evaluation Center of Ministry of Finance
2018
Accounting Year: 2018


目录
Contents
一、审计师意见．.....................．……，.....................．……，........................．……1
1 .Auditor&s Opinion.................................．……，二，.，二，二，..........................．……3
二、财务报表及财务报表附注．．……，，二，．…，．…，.，二，．…，.,.，二，…，..............．……5
11 .Financial Statements and Notes to the Financial Statemeflts．…，....．……5
（一）资金平衡表，.,,.，二，…，二，，…，.，二，二，,,,......................................．……，．…，,,.5
1 .Balance Sheet................................................．……，..．……，…，.,.，……，……，.,,.5
（二）项目进度表．................................．……，.．…，．…，…，,，…，,.，二，...........．……7
11,Su~ary of Sources and Uses ofFunds by ProjeCt Component....．……7
（三）贷款协定执行情况表．..．……，．…，二，.．…，...................................．……10
111 .Statement of ImPlementation ofLoan Agreement....．……‘.．……，,.,．……10
（四）指定账户报表．...．……，二，…，，二，.．…，.．……，................．……，……，.,.,．……11
iv .Designated Acc。珑孔Statement......................．……，二，.,..．……，…，,.,,.．……11
（五）财务报表附注，…，，二，,......................．……，.,．。．,,,.,.,.....................．……12
v,Notes to the Financial Statements.....．……，，…，二，,,.,,....................．……，,,.15
三、审计发现的问题及建议．.．……，.,,.....................................．……，,.,,.．…19
HI.Audit Findings and Recommendations..........．……，．…，.,,，二，,...．·······……24



一、审计师意见
审计师意见
财政部预算评审中心：
我们审计了世界银行贷款可持续发展农业项目2018年12月31
日的资金平衡表，以及截至该日同年度的项目进度表、贷款协定执行
情况表和指定账户报表等项目特定目的财务报表及财务报表附注（第
5页至第18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单位的责任，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，并使其实现公允反映；
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。
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。
l


（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
贷款可持续发展农业项目2018年12月31日的财务状况，以及截至
该日同年度的财务收支、项目执行和指定账户收支情况。
（四）其他事项
我们审查了本期内报送给世界银行的第40号至52号、第54号
至57号（第53号提款申请书作废）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、审计发现的问题及建议。
、’计’国’介心
地址：中国北京市海淀区中关村南大街4号
邮政簖码：100086
电话：86一10一62 1 50750
2


1. Auditor's Opinion
Auditor's Opinion
To Budget Evaluation Center of Ministry of Finance
We have audited the special purpose financial statements (from page 5 to
page 18) of Integrated Modem Agriculture Development Project
Financed by the World Bank, which comprise the Balance Sheet as of
December 31, 2018, the Summary of Sources and Uses of Funds by
Project Component, the Statement of Implementation of Loan
Agreement and the Designated Account Statement for the year then
ended, and Notes to the Financial Statements.
Project Entity's Responsibility for the Financial Statements
The preparation of the financial statements mentioned above is the
responsibility of your entity, 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 entity's preparation and fair
presentation of the financial statements in order to design audit
procedures that are appropriate in the circumstances, but not for the
3


purpose of expressing an opinion on the effectiveness of the entity's
internal control. 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.
Opinion
In our opinion, the financial statements identified in the first paragraph
present fairly, in all material respects, financial position of Integrated
Modern Agriculture Development 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
designated 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 applications from No.40 to No.52,
No.54 to No.57 (No.53 withdrawal application was invalid) and the
attached documents submitted to the World Bank during the period. In
our opinion, these 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 aff        ndations.
Audit Serv*.   nter of       ational Audit Office for Foreign Loan
and Assistkme ro
Address: No. Zhongguan     South Avenue, Haidian District, Beijing,
P.R.China         f
Postcode: 100086
Tel.: 86-10-62150750
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
( -) 3f t--Ln*
i. Balance Sheet
BALANCE SHEET
2018 4 12 A 31 H
(As of December 31, 2018)
044:          9T#Iftkff  r     *#: 8321-CN
Project Name: Integrated Modern Agriculture Development Project Financed                                   Loan No. :8321-CN
by the World Bank
Prepared by: Budget Eva uation Center of Mi istry of Finance                                              Currency Unit: RMB yuan
Line                                                               Line
Application of Fund           Beginning Balance  Ending Balance       Sources of Fund            Beginning Balance  Ending Balance
No.                                                                No.
-. 88E 9LRXit
I     1,349,895,359.77  1,781,344,419.30  Total Project           27      656,384,981.35   699,955,439.66
Total Project Expenditures                                             Appropriation Funds
ixed  set Trnsferd         2       434,098,326.75   567,779,616.67    Project Capital and Capital 28              -
Fixe Assts TansfrredSurplus
2. l£1IlI8                   3      919,795,467.07  1,165,006,989.67   Y1                      29                  -
Construction in Progress                                               Total Project Loan
3.                                                                     I. 8828888I.
Other Expenditure         4        -3,998,434.05    48,557,812,96    Total Project Investment  30    694,749,204.48  1,051,247,468.80
Loan
Il k       5r                                 -                -     (1) RIMAk              31      694,749,204,48  i,051,247,468.80
Investment Loan Receivable                                             Foreign Loan
Including: World Bank        6                                         Including: IDA          32
Investment Loan Receivable
Appropriation of Investment  7                  -                -     IBRD                    33      694,749,204.48  1,051,247,468-80
Loan
AVt r:88Rfl t*88
Including :Appropriation of  8                                         Technical Cooperation    4
World Bank Investment Loan
[ Rt                        9                   -ERFAR                                         35                  -
Equipment                                                              Co- Financing
X   :f     H                                                           (2) RAfISf193
Including: Equipment Losses  10                                        Domestic Loan      -
in Suspense                                                           'Domestic Loan
i ro 5i0:-A.-id             11      197,000,289.81   118,969,749,42    2 8-MtLfl'Vz           37
Total Cash and Bank                                                    Other Loan
12      196,995,217.81   118,967,594.42   Appropriation of         38                  -
Cash in Bank                                                          Investment Loan
M    P  T'A13           2,304,640.63               -     Including: World Bank   39
Including: Special Account                                             Loan
1 IRA                       14            5,072.00         2,155,00   R    131*               40                  -
Cash on Hand                                                           Bond Fund
15       17,324,135.56    11,739,626.83   Construction Expenditures  41
Total Prepaid and Receivable                                          Io be Offset
toh5DTe


Line                                                               Line
Application of Fund           Beginning Balance  Ending Balance       Sources of Fund            Beginning Balance  Ending Balance
No.                                                                No.
-A 54;j- &A li1tJ1511 L                                            .   1Z,a
Including: World Bank Loan  16                  -                -     Total Payable           42      212,404,064.65   160,053,686.41
Interest Receivable
World Bank Loan             17                  -                -     Including: World Bank   43
Commitment Fee Receivable                                              Loan Interest Payable
World Bank Loan Service- Fee  18                -                -     World Bank Loan         44
Receivable                                                             Commitment Fee Payable
Marketable Securities       19                  -                -     World Bank Loan Service  45
Fee Payable
Al PMMP       ff                20                  -                -   '                         46
Total Fixed Assets                                                     Other Payable
21                                         ±-M&A -1                47                  -
Fixed Assets, Cost Appropriation of Fund
Less: Accumulated           22                  -                -   '         Eaings          48         681,534 66        797,200.68
Depreciation
23--
Fixed Assets, Net
fil t W F  14 T              4
Fixed Assets Pending Disposal  2
Fixed Assets Losses in      25                  -                -
Suspense
Tota A26                      1,564,219,785.14  1,912,053,795.55    Tt                    49     1,564,219,785.14  1,912,053,795.55
Total Application of Fund Total Sources of Fund


（二）项目进度表
11,Summary of Sources and Uses ofFunds by Project Component
项目进度表（一）
SUMMARY OF SOURCES AND USES OF FUNDS
BY PROJECT COMPONENTI
本期截至20 18年12月31日
(For tho poriod ended December 31,2018)
项目名称：世界银行贷款可持续发展农业项目贷款号：8321一CN
ProjectName:IntegratedModernAgricu1tureDevelopmentPrOjectFinanced LoanNo.:8321一CN
by the World Bank
簖报单位：财政部预算评审中心货币单位：人民币元
葬
7


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Current Periad                              CumuSative
�3�Эк,5�Сй�                                     �iтl"�сhТг!'�
�й�Лтi-�11�   ��1Э�х1:''�'iг�   Сцпепt      3д� �ъi'�JJ;U�!   ��i1'nFik`„�;
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2. �4� ��i�
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iv. Designated Account Statement
f'N' * t P -A A
DESIGNATED ACCOUNT STATEMENT
*A*, -7 2018 * 12 A 31 H
(For the period ended December 31, 2018)
VM     ff Rik 'ilT *9t1k)R111kAJ3iH             )  P iR
Project Name: Integrated Modern Agriculture Development     Depository Bank: China CITIC Bank
Project Financed by the World Bank            H.O. General Banking, Beijing, China
8321-CN                                                  7111011480700000170
Loan No. :9321 -CN                                          Account No: 7111011480700000170
g _ p * 119 :  Aic
Prepared by: Budget Evaluation Center of Ministry of Finance  Currency Unit: USD
AtP -;                                                      A-V
Part A-Account Activity for the period                        Amount
*;W*%! (201911/1)                                                                       352,704.33
Beginning balance(January/l/2018)
1) V add:
48,800,000M
Total amount deposited by World Bank
*V1JA101/\'t*1                                                                              639.18
Total interest earned this period if deposited in Designated Account
)A   Deduct:
1* A J  IT It 4J                                                                       47,195,568.8
Total amount withdrawn
* A 4 11 It, ' _  11 't 1),                                                              4,336.04
Total interest transferred out of the Designated Account
f _W_ R FT N t  %                                                                      1,953,438.67
Total amount recovered by World Bank
M*+t(2019/12/31)                                                                             0.00
Ending balance(Dec/31/2018)
B       rg /t Pk P A
Part B-Account Reconciliation                              Amount
(2018/12/31)                                                               0.00
End balance of Designated Account at Dec/3112018
05   add:
2.  1* M A Al Et It If M * t iA 4K Z  L S)Q                                                0.00
Amount withdrawn but yet Claimed at the End of this Period
k   deduct:
3. *11 Z  k X  ( 4 A t6r )U  P :50 3                                                         0.00
Interest earned (if included in Designated Account)
4. * M M '*   Jk P t ifl  #  +  A
Total advance accounted for Designated Account accounted for at                               0.00
12/31/2018


（五）财务报表附注
财务报表附注
1．项目概况
世界银行贷款可持续发展农业项目贷款协定和项目协定于2014
年2月27日签订，2014年5月21日项目正式生效。项目计划执行
期5年，追溯期自2013年5月31日起，2019年12月31日关闭贷
款账户。本项目涉及辽宁、江襼、湖南、重庆、新疆、甘肃6省（自
治区、直辖市）33个县（区），以及国家农业综合开发办公室本级。
项目的主要内容为建设9.4万公顷高标准农田。项目的主要目标是按
照发展现代农业的要求，采取适应气候变化和节能减排等措施，加强
农田基础设施建设，构建技术支撑与服务体系，改善农业生态环境，
提高农业综合生产能力。
该项目总投资约人民币19.7亿元，其中世行贷款2亿美元（折
合人民币12.6亿元，按1粎元折合人民币6.3元计算），地方财政资
金配套5.9亿元，农民自筹1.2亿元。2亿美元世行贷款由中央财政
统借统还，配套资金执行国家农业综合开发相关政策。
由于国家机构调整，原国家农业综合开发办公室并入农村农业
部，根据财政部党组决议，原国家农业综合开发办公室“负责对农业
综合开发利用外资项目实施管理和监督”的职责划转给财政部预算评
审中心，该项目国家办由原国家农业综合开发办公室变更为财政部预
算评审中心。
2．主要会计政策
2,1本项目会计核算按照权责发生制的原则核算，采用借贷记账
法记账。
2.2会计核算采用公历制，即从公历每年1月1日起至12月31
日止。本报表核算期间为2018年1月1日至2018年12月31日。
2.3本财务报表簖制按照《世界银行贷款可持续发展农业项目管
理办法》文件执行。
12


2.4本项目财务报表期末余额的折算汇率为：1美元二人民币
6.8632元。各级项目办的会计核算以人民币为记账本位币。
2.5项目实施过程中结汇的汇率以当日国家外汇管理局公布的
汇率进行核算。
3．财务报表编制范围
3.1本项目的指定账户报表由财政部预算评审中心编制。
3.2汇总的财务报表范围：国家办本级、辽宁省财政厅、江西省
农业综合开发办公室、湖南省财政厅、重庆市农业农村委员会、新疆
维吾尔自治区农业农村厅及甘肃省财政厅的财务报表。
4．指定账户使用情况说明
4,1世界银行贷款可持续发展农业项目在中信银行总行营业部设
立专用账户进行项目资金收支核算，账号为711101148070000017仇
因项目执行单位变更，该账户于2018年10月注销。
4.2指定账户期初余额为352 704.33美元，本期申请世界银行专
用账户周转金48800000粎元，银行存款利息收入639,18美元，本
期支付总额47 195 568.80粎元，利息支出（转出数）4 336.04美元，
退回世行1 953438.67美元，指定账户期末余额为O美元。
5．配套资金落实情况
截至2018年12月31日，累计落实配套资金人民币699 955 439,66
元，占累计应到位配套资金的97.95％。
6．贷款协定执行情况说明
截至2018年12月31日，项目累计向世界银行提款
153 171 620.94粎元，折合人民币1 051 247 468.80元（其中先征费
500 000,00粎元，累计折合人民币3 43 1 600.00元）。
7．财务报表重要事项说明
l3


7.1货币资金
该项目反映各级项目单位银行存款和现金余额，期末余额为人民
币118969749.42元，其中银行存款期末余额为人民币118967594.42
兀。
7.2项目支出
该项目反映各级项目单位累计项目建设支出及其他支出余额，期
末余额为人民币1781344419.30元。
7.3预付及应收款
该项目反映各级项目单位实际已预付的款项，期末余额为人民币
1 1 739 626.83元。
7.4项目拨款
该项目反映项目办收到的各种不需要偿还配套资金，包括财政配
套资金和项目受益单位和个人的投入。本项目根据“拨入省级财政资
金”“拨入地级财政资金”“拨入县级财政资金”和“自筹资金缴入”等
科目的期末余额合计填列，期末余额为人民币
699 955 439.66元。
7*5项目借款
该项目反映各级项目单位收到的世界银行贷款，期末余额为人民
币1 051 247468,80元。
7.6应付款
该项目反映各级项目单位实际应付的款项，期末余额为人民币
160 053 686.41元。
7.7留成收入
该项目反映各级项目单位银行存款的利息、合同索赔收入、财产
的盘盈等款项，期末余额为人民币797 20以68元。
14


v. Notes to the Financial Statements
Notes to the Financial Statements
1. Project Overview
The loan and project agreement for Integrated Modern Agriculture
Development Project financed by the World Bank was signed on
February 27, 2014 and came into effect on May 21, 2014, The planned
period of the project implementation is 5 years. The retrospective period
started from May 31, 2013. The closing date of project account will be
December 31, 2019. This project involves 33 counties (districts) in 6
provinces (autonomous region, municipality) including Liaoning,
Jiangxi, Hunan, Chongqing, Xinjiang, Gansu and the State OCAD for
Comprehensive Agricultural Development (hereafter referred to as
"State OCAD"), The main contents of the project are the constructions
of 94 000 hectares of high-standard farmland. The main objectives of the
project are through the adaptation of climate change and energy
conservation and other measures, strengthening the agricultural
infrastructure construction, building technical support and service
system, improving the ecological environment of agriculture and
increasing agricultural production capacity in accordance with the
requirements of the development of modern agriculture.
The total investment of the project is about FMB 1.97 billion, of which
the World Bank loan is USD 200 million (RMB 1.26 billion, RMB 6.3
yuan in terms of USD 1), local financial counterpart funds is RMB 590
million yuan, and self-raised RMB 120 million yuan by farmers. The
loan of USD 200 million from the World Bank will be repaid by the
central government, and the counterpart financing will be used to
implement the relevant policies of comprehensive agricultural
development.
Due to the adjustment of state institutions, the former State OCAD was
incorporated into the Ministry of Agriculture and Rural Affairs.
According to the resolution of the Party Group of the Ministry of
Finance, the responsibility of "managing and supervising the
implementation of foreign capital projects for comprehensive
agricultural development and utilization" of the former State OCAD was
transferred to the Budget Evaluation Center of the Ministry of Finance
(hereinafter referred to as "BECMF"), the State Office of the project was
changed from the former State OCAD to BECMF.
2. Main Accounting Policies


2.1 The accrual basis and the debit/credit double entry bookkeeping
method are adopted.
2.2 This project's accounting fiscal period uses the Gregorian calendar,
which is from January 1 to December 31. The reporting period is from
January 1, 2018 to December 31, 2018.
2.3 The preparation of the financial statements complies with
Regulations for Management of Integrated Modem Agriculture Project.
2.4 The exchange rate of the ending balances of financial statements is
USD I =RMB 6.8632 yuan. All level of project offices use RMIB as
accounting currency unit.
2.5 During the implementation, the exchange rate adopted was the spot
exchange rate published by the State Administration of Foreign
Exchange when the project activities occurred.
3. Scope of Financial Statements Preparation
3.1 The special account statement of this project is prepared by BECMF.
3.2 The consolidation scope of financial statements covers the financial
statements of State OCAD, Liaoning Provincial Finance Department,
Jiangxi Agricultural Comprehensive Development Office, Hunan
Provincial Finance Department, Chongqing Agricultural and Rural
Committee, Xinjiang Uygur Autonomous Region Agricultural and Rural
Department and Gansu Provincial Finance Department.
4. Notes to Designated Account
4.1 The Designated Account of the Integrated Modem Agriculture
Development Project Financed by the World Bank was set up in the
CITIC Bank H.0 general banking of China. The account number is
7111011480700000170. The account was canceled in October 2018 due
to changes of project entity.
4.2 The beginning balance of the designated account was USD
352 704.33, and the turn-over fund deposited in the Designated Account
by the World Bank in this year was USD 48 800 000. The interest
income was USD 639.18, the total withdrawal from the Designated
Account was USD 47 195 568.80, the interest expenditure (transfers)
amount was USD 4 336.04, returned USD 1 953 438.67 to the World
Bank and the ending balance was USD 0.00.
16


5. Notes to Counterpart Fund
As of December 31, 2018, the accumulated counterpart fund was RMB
699 955 439.66 yuan, which accounted for 97.95 % of the planned
amount.
6. Notes to Implementation of Loan Agreement
As of December 31, 2018, the accumulated loan received from World
Bank was USD 153 171 620.94, equivalent to RMB 1 051 247 468.80
yuan (including front-end fee USD 500 000.00, equivalent to RMB
3 431 600.00 yuan).
7. Notes to Main Items of the Financial Statements
7.1 Cash and Bank
Cash and Bank reflects the balance of deposit and cash in all project
entities. The ending balance was RMB 118 969 749.42 yuan, among
which the ending balance of Cash in Bank was RMB
118 967 594.42 yuan.
7.2 Project Expenditures
Project Expenditures reflects the accumulative amount of project
construction expenditure and the other expenditures of all project entities.
The ending balance was RIMB 1 781 344 419.30 yuan.
7.3 Prepaid and Receivable
Prepaid and Receivable reflects all funds which all project entities
should receive or have actually paid in advance. The ending balance was
RMB 11 739 626.83yuan.
7.4 Total Project Appropriation Funds
Project Appropriation Funds reflects all gratis counterpart fund that the
project offices received, which includes the fiscal counterpart fund and
the fund invested by the benefited units and individuals. The subject
reflects the total balance of subjects of "Allocation at Provincial level",
"Allocation at City Level", "Allocation at County Level" and
"Self-financed Fund" accounts at the end of the period. By the end of
2018, the ending balance of "Total Project Appropriation Funds" was
RMB 699 955 439.66 yuan.
7.5 Foreign Loan
Foreign Loan reflects the World Bank loan received by all project
entities. The ending balance was RMB 1 051 247 468.80yuan.
17


7.6 Payable
Payable reflects payable funds that all project entities actually unpaid.
The ending balance was RMB 160 053 686.41yuan.
7.7 Retain Earnings
Retain Earnings reflects funds including the interest earned from the
bank deposit, income from contract claims, inventory profits of all levels
project unit and so on. The ending balance was RMB 797 200.68 yuan.
18