Office of the Auditor General of Rwanda * SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS for the year ended30 June 2021 InterityInvaio Inpuli Intrs SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT PRPOPRT ON TIMAJfAT I TATWMETSFrQ TE VEAR ENDED 30 JUNE 2Q2& TABLE OF CONTENTS 1. INTROD UCTION2....................................................................................................... 2 2. STATEMENT OF MANAGEMENT RESPONSIBIL ESS........................................ 10 3. REPORT OF THE AUDITOR GENERAL.................................................................. 11 4. FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 ................... 14 DRTAIT,ED AUDIT F NDINGS ................................................................................... 37 5. REVIEW OF FINANCIAL STATEMENTS.............................................................. 38 A PPEN D IX ...... ..................................... I...... I..... I...................................... I............. Appendix 1: Undisclosed movements of fixed assets in the financial statements................ 41 Offiwe of the Auditor General of State Finances 1 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 1. INTRODUCTION 1.1. Background The Sustainable Agricultural Intensification and Food Security Project (SAIP) is under the supervision of Rwanda Agriculture and Animal Resources Development Board (RAB). The Project focuses on consolidating and expanding the results obtained under the World Bank- funded projects namely Land Husbandry, Water Harvesting, and Hillside Irrigation (LWH) and Third Rural Sector Support Project (RSSP III) and other selected MINAGRI-developed schemes. SAIP therefore continues the capacity building activities of the farmers' organizations (Water Users' Associations - WUAs), Self-Help Groups (SHGs), cooperatives established under these projects to support them to further increase their productivity, strengthen their organizational and management capabilities and help them link better to the markets to create additional livelihood opportunities. The Project also futh scale-up efforts on nutrition-sensitive and climate-resilient agriculture from the previous projects. The Project identifies selected value chains to focus its efforts and to consolidate the results from the LEW and RSSP I while ensuring sustainable impact through market-driven approaches. The ?mj3j farmen an the fnoitWing Vnjue Chainsy (a) vegetables and fruits for the domestic, regional and international markets; (b) maize for domestic and regional markets; (c) Irish potato for domestic and regional markets; and (d) beans for domestic markets. The Project also supports to increase productivity on hillsides and marshland agriculture by supporting investments in irrigation, access to inputs and improved agricultural practices. The Project also strengthens small holder farmers to engage in commercialized agriculture. Investments are also made in farm level irrigation equipment and mechanization. The Project focuses on post-production support through storage techniques, storage and drive infrastructure including food safety and quality standards. The Project activities broadens the diversification into higher value crops from the current narrow range of food staples especially focusing on small farmers. The support to women in agriculture includes interventions aimed at empowering them through better ageting, gender itive implem"nttinn mndalties and capacity building. The Project also promotes information and communication technology for better coordination and to achieve sustainable gains in agriculture in the areas of c-extension nutrition messaging and agriculture market information. 1. Ktrategic goa. of RAP The strategic goal of the Project is to increase agricultural productivity, market access, and food security of the targeted beneficiaries in the Project area. Office of the Auditor General of State Finances 2 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AITTiV RDDRT ON MNANCTAT STATEME.NTS WAllFO THE YEAR EfNDED 'UA .NE 2021 1.3. Project implementation 1.3.1. Project components The Project has the following four (4) main components: Component 1- Institutional strengtheniug, agr1iture prodcntivWy enhanM1nWaM nutrition improvement The component strengthens selected fanners' organizations for improved agricultural productivity and healthier household nutrition. The Project proactively engages youth and wowcn . p ica1y, he Project works closely with identified youth groups to serve as service providers and support farmers to shift from subsistence agriculture to commercial agriculture, The Food and Agriculture Organization of the United Nations (FAO) works closely with the Project and provide Technical Assistance (TA) and support to the component, implementing the Farmer Field Schools (FFS) and Farming As Business (FAB) approach. The component has three subcomponents: (i) Strengthening farmer organizations; (ii) Agriculturalproductiity enhancements; and (iii) Improving nutrition outcomes at household level Component 2 - Irrigation and water use efficiency Ths component pmot technolgy .0 . e_ .pMctic_ for re v and efflcent use of water for irrigation to increase crop productivity and increase farmers' resilience to climate volatility. It has two (2) subcomponents: (i) Improved efficiency and expansion of existing irrigation schemes; and (ii) Yfrengxhning irrigation capacity. Component 3 - Market linkages, value addition, and access to finance This component enhances market linkages and value addition by strengthening the capacity of fanrers' organizations and other value chain actors and by improving their access to finance. The consolidates and scale-up the efforts undertaken by LWH and RSSP III, strengthening the development of sustainable market linkages and value addition, through increased performance and commercialization of selected value chains. The component works in tandem with component 1 supporting farmers' organizations to improve their market orientation and connecting farmers to markets, thus channelling to productivity gains made in components 1 and 2. Campnat 4 - Pmjed maagemennt and tphnial natnep This component provides management and technical assistance for the implementation of the above 3 components. Office of the Auditor General of State Finances 3 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 1.3.2. Project main progress achievements to 30 June 2021 Line Ministry of MINAGRI Strategic The strategic goal of the Project is to increase agricultural productivity, goals/objectives market access, and food security of the targeted beneficiaries in the of the Project proJect area. General Since SAIP inception, the number of people who have benefited from achievement of the Project support totals to 187,517 people (42 % women) against an strategic goals end target of 200,000 beneficiaries. SAIP has supported farmers in /maiu component improved production support equivalent to 8,293 ha of land area and of the Project productivity enhancement support has so far reached 37,604 (15,867 women and 21,737 men) beneficiaries. The Project has supported the targeted beneficiaries to improve on the productivity of the targeted value chains for example; Irish potatoes productivity has increased from 14.97 to 16 ton perher= 2.8 t 3.1 tons pfr hclIre fhr Maize nnd 1.8 to 2 tons per hectare for Beans. The yield increase was also registered among horticultural crops, including for bird eye chili with an increase from 10.5 to 10.7 tons per hectare, tomatoes it was from 15.1 to 155 tons per hectare while for onions and water melon, the increase was from 13 to 15 tonsper hectare and from 15 to 16 tons per hectare respectively. In regards to the improvement of nutritional outcomes among the targeted beneficiaries, the Proj ect continued with the implementation of the nutritional Social Behaviour Change Communication (SBCC) practices; cooking demonstrations for teaching Project beneficiaries on how to prepare a balanced and affordable diet to fight malnutrition and cumulatively 4,040 beneficiaries have been reached. The Project also continued with the program aimed at enhancing tb avaiLability of nutritious foods in beneficiaries' daily diet where the project distributed to 572 households 1,695 kilograms of iron-fortified beans seeds and 1,875,000 cuttings of orange-fleshed sweet potatoes. Since the start of the Project, this program has reached 5,159 households who benefited fRom 4,475,000 million of nitritin sweet potato cuttings and new 3,750 kg of iron-fortified beans seeds distributed making a cumulative of 6,134.5 kg and 1,886 households benefiting since the project starL The Project also promoted the production of mushrooms that are rich in potassium and zinc and good source of iron by providing cumulatively 41,892 mushroom spawns and construction of 47 mushroom houses to additional 1,822 households making a cumulative of 2,274 households with pregnant and lactating women and children below 5 yeaws. In addition to mobilization for the production and consumption of nutrient rich crops, the Project continued the promotion of backyard poultry farming, with a focus on households with children aged or under 5 years old, pregnant and lactating women all classified in the two lowest socio- =onomnic categories. During thie reporting period, SAitinal 5%960 Office of the Auditor General of State Finances 4 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON fINANCTAT. WIATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 chickens were distributed to 1,400 households along with 1,400 chicken houses making a cumulative of 6,400 chicken distributed to 1,600 households since the project inception. The distributed chickens have so far produced 30,913 eggs which nre all c-onsmed by the benefigy households. Since July2020, the number of farmers paying water fees increased from 68% to 68.2% due to the Project's continuous strengthening of the capacities of Wnter I Uer'q Associations in regards to maintaining the developed irrigation schemes. In addition, the Project has embarked on the support to promote water use efficiency on 285.4 ha through use of Small Scale Irrigation technologies and 349.2 ha within the irrigation schemes in project sites. To enhance farmers' skills and crop productivity. SAIP has conducted a training of trainers on good agriculture practices and seed multiplication for 1,639 lead farmers (43.2% women) from 18 cooperatives growing the targeted value chains. Support in the construction of 2 maize drying shelters and 9 cold rooms, 60 plastic sheets as a part of the post-harvest support also contributed to 12,483.41 metric tons of agricultural production processing was also embarked on. Specific The increase ofharvested yield is at 22.7%, and the increase ofproduced achievement of commodities in targeted value chains marketed by participating strategic producers is at 11%. Farmers adopting improved technologies are goals/outputs of 37,504. The nnuber of producer based organizations supported are the Project 1,559 and total of 122,536 and 37,604 beneficiaries received improved nutrition assets/services and reached with agriculture assets or services respectively. The total area under improved irrigation is 634:2 ha (including 285 ha of SSIT and 349.2 ha under improvement of water use efficiency in existing schemes) while 3,631 water users are paying water fees including 1,305 females. 13,355.41 metric tons are the volume of agricultural production processed by post-harvest facilities establisheJ with project support with 40 market linkages totalling 1,740,039 USD. To be able to collect agriculture production, farmers were able to mobilize about 213,567 USD from both their savings and loan from financial institutions. 13 knowledge products were produced by the Project and disseminated to the beneficiaries under communication and krinwlede nmanacrsment. Current situation SAW has been prepared to consolidate and sustain the results obtained that the project iin the World Rank-afindnd ,WHT, RSRP III and other similar programs was formed to of Ministry of Agriculture and Animal Resources (MINAGRI). intervene Other important The Project is funded by the Global Agriculture and Food Security background Program (GASFP) and the World Bank is acting as administrator of the information of GAFS? and Republic of Rwanda for the financing S AIP. The total grant the Project is USD 26,300,000 and the GoR counterpart contribution is USD 4,000,000. Offiee of the Auditor General of State Finances 5 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 1.3.3. Funding summary Source of funds Donor Exchange Donor Cumulative amount Cumulative Undrawn balance to date U:drawn balance to date I commilme rate per Commitment- received to date amount received at- a!reement to date (30/06/202) (30f06fl021) (30/062021) (30/0612021) (USD)- (in Frw) ( AUSI) (in Frw) (USD) (ii Frw) (A.) ... .. --- _______(A) (B) IDA World 26,300,000 877 23,065,100,000 *12,215,23748 11,397,564,866 14,084,762.52 11,667,535,134 Bank: P164520 Counterpart hands: Government of 4,000,000 877 3,508,000,000 947,031.65 788,606,032 3,152,968.35 2,719,393,968 Rwanda Total 30,300,000 26,573,100,,000 13,062,269.13 12,186,170,898 17,237,730.7 14,386,929,102 0The totafl amount received to date is USD 12,215,237.48for all withdraw applications Inciuding direct payment of USD 1,200,000 made to FAO. Office of the Auditor General of State Finances 6 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR TRE YEAR ENDED 30 JUNE 2021 1.4. Organisational structure The Project has a Steering Committee which is the oversight organ over SAIP activities. Members of the Steering Committee during the 12 months period ended 30 June 2021 up to the time of audit in November2021 were as follows: N J N Istittion esSt Ido sec.- e.... 1 MUSABYIMANA MINAGRI Permanent Secretary/Chairperson of JeanClaude the Steering_committee 2 BISANQWA SPIU SNU Coordinator from Innocent IWB&KOICAIRAB i_November2019to08 June 2021 RWAMLANOWA SPIU SPIU Coordinator from09 Jum Sthen WB&KOICA/RAB 2021 to date 4 URUJENI Sandrine NAEB I Member of SteeigCommittee 5 i MWISENEZA GOMember of SteerinigCommittee Juliernne - .....-.-....... . ..... .....- -- - .... . -. --...... - ..... -- - 6.i KAY-iTIES! in i PSMFbe 7 i HAKIZIMAN i MINALOC of St Committee ... NCC of.S...eringcommiittee Fabien 9 HMA Keneth OM Member of Steering Committe 10 MASENGESHO RLMUA Member of Steering Committee Amouramn --i.4------.----.-- . ..... .. - --.-.-..... 11 MUKASERIRE Rwanda Federation of Member of Steering Committee Devothe Horticulture Cooperativesw Flc . -____.....--. . - _ . .+- - -----...... 12 i TWIRINGIRE REMA Member of Steering Committee Samson [13 iMUJKAYIRANGA R Member of Steering Committee [ A gnes.,....-.. 14 i HAKIZIMANA Ene iMINECUFIN Member O Steenn Committee I15 BUCAGUdChar RAB - Member of SteeringCommittee Office ofthe Audtor General of State Finances 7 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROFECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 The day to day management of the Project is entrusted to SPIU Coordinator appointed by RAB. Th mnanagm-nt t m= w1w n !he Project during the 12 months period ended 30 June 2021 and at the time of audit in November 2021 are as follows: S/N Names Position I KARANGWA Patrick, Director General of RAB/Chief Budget Manager up IMh to 9 Aniet 2020 2 UMUTONI Clarisse Chief Finance Officer of RAB/Chief Budget Manager from 27 August 2020 to date 3 MUSHIMIYIMANA RAB Corporate Services Division Manager up to 29 Pauline May2021_ 4 HAKT7WAA Eric Division Mnnger in Charge of Finance and Administration from 30 May 2021 to date 5 BISANGWA Innocent SPIU Coordinator from 14 November 2019 to 08 June 2021 6 RWAMULAGWA SPIU Coordinator from 09 June 2020 to date ___ Stephen 7 UWIMANA Josine Head of Finance and Administration from 01 January 2019 to date 8 NTIBAZIYAREMYE Chief Accountant from I January 212 to date Innocent 9 IT-IMANA Jean Ag. Head of Management Information System Department from 1 October 2017 to date 10 RUTAGENGWA Valens Ag. Senior Administrator from 1 January 2019 to date it NSHIMIYIMANA Quality Assurance and Control Officer from I Joseph _ ____ January 2012 to date 12 TUYISHMRE Agnes Ag. Head of Procurement from 1 January 2019 to date 13 N RMUTANGWA SAIP Acting Project Manager from 18 November Sarah 2019 to date 14 KAREMERA Jean Senior Value Chain Development Specialist from I Claude Januay2019 to date 15 NZABAMWTA i Senior Irrigation Engineer from 1 January 2020 to I _ Innocent date LS. Project Information Project Start Date The Project signature of agreement date is 19 Septwmber 2018 The Proect effectiveness date is 31 December 2018 Project End Date The Project completion date is 31 Auggst 2023 Projct Manager -NYRAMUTANGWA Sarah (Acting Project Manager from 18 November 2019) Proiect Budget List donor(s) name, amount and currency 1. IDA World bank: 26.3 Million (USD) 2. Govefment of Rwanda: 4 Million (USD) Ogee of the Aud0tor General of State Finances 8 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDiT REPORT ON VINANCIA. STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Total cost of the projcit 30.3 (Mion US) Implementing Budget Implementing Budget Agency is: SPTU SAIP-RCSP/RAB Agency Office of the Auditor General of State Finances 9 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAW) AUDIf REPORT ON FINANCIAL STATEMENTS FOR 'TH VEAR ENDED 30 JUNE 2021 2. STATEMENT OF MXANAC [:ENTL RE:SPONSiIBILITI1E5 Article 66 of the Urg-anic law N' [22101 Of 2*i09013 On State [ina:nfcsh mid '1inter1 ;uN'tjhernanuairrvvca a period of one month from the end of the fiscal year and submit their annual financial statements to the Auditor General of State Finances not later than 30111 September of the following fiscal year. Article 19 of the Organic Law N0 12/201.3 further stipulates that the Chief Budget Manager is responsible for maintaining accounts and records of the budget agency, preparing reports on budget execution, managing revenues and expenditures, preparing, maintaining and coordinating the use of financial plans, managing the financial resources for the budget agency effectively, efficiently and transparently, ensuring sound internal control systems in the budget agency and safeguarding the public property held by the budget agency. As Chief Budget Manager, I accept responsibility fbr the annual financial statements, which have been prepared using appropriate accounting standards applicable to Public entities as determined by Article 99 of the Ministerial Order No. 001/1 6110iTC of 26/01/2016 relating to Jinincjial I eiu I im nm . A GS **1lHia mh1*h 01 ., ,e b,e.. esraw.. [or the ienan rrr'rrd< f APrhi e 71--c , rT1 1n.InW ii iM fi:o.iji L.f jw:he .)! 4 r nm- of 1)1.u If' w"; lix informationprovidcd is accurate and complete in all material respects. The financial statuments also form part of the consolidated financial statements of the Government of Rwanda, In my opinion, the financial statements give a true and fair view of the state of the financial afrairs orSAIP, I further confirm that SAIlP maintained proper accounting records were which can be relitd upon in tho prcphiralion of finncial statements. I also conflin that adequate systems of internal control were maintained and operated offectively during the year to safeguard the assets of the budget agency. Signatuire:/ I)MUTONI Clarisse' CJhicf IBudgel MAnager Ut Ofi e . AuditrGnea - FnneI0 Ofyice of the0 Auidito r Geneoral of Stmte Fin a,wnsma 10 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) ATDIrT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 3. REPORT OF THE AUDITOR GENERAL REPORT ON THE FINANCIAL STATEMENTS UMUTONI Clarisse Chief Budget Manager 3.1. Opinion As required by Article 165 of the Constitution of the Republic of Rwanda of 2003 revised in 2015, and Articles 6 and 14 of Law N* 79/2013 of 11/09/2013 detennining the mission, nrganiRatin and ftintinning of the Office of the Auditor General of State Finances (OAG), I have audited the financial statements of Sustainable Agricultural Intensification and Food Security Project (SAIP) for the year ended 30 June 2021. These financial statements comprise the statement of financial position as at 30 June 2021, and the statement of revene and expenditure, statement of cash flows and budget execution report for the year then ended, and a summary of significant accounting policies and other explanatory notes. These financial statements are set out on pages 14 to 36. In my opinion, the accompanying financial statements give a true and fair Niew of thc fmancial position of SAIP as at 30 June 2021, and of its financial performance and its cash flows for the year then ended in accordance with the guidelines provided by Ministerial Order N* 001/16/1 0fC of 26/01/2016 relating to financial regulations and Organic Law N* 12/2013/OL of 12/09/2013 on State Finances and Property. 3.2. Basis for Opinion I conducted my audit in accordance with the International Standards of Supreme Audit Institutions (ISSAls). My responsibilities under ISSAIs are described in section 3.4 of this report. I am independent of Sustainable Agricultural Intensification and Food Security Project (SAIP) and have fulfilled my ethical responsibilities in accordance with the ethical requirements that are relevant to my audit of financial statements of public entities as determined by the Code of ethics for International Organisation of Supreme Audit Institutions (INTOSAI). I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion. 3.3. Responsibilities of management and those charged with governance for the Financial Statements According to Organic Law N* 12/2013/OL of 12/09/2013 on State Finances and Property, anag=mnf SARI i- Mpbneile fo Tnr ac- mming renonis and honkr nfaccnunt, and preparation of financial statements in accordance with the financial regulations prescribed by the Minister in Ministerial Order N0 001/16/10ffC of 26/01/2016 relating to financial regulations. Offiee of the A utor General of State Finances 11 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAW) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and pz=entatn rf famn.eaintnmnnte fint are fte finm material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the SAIP's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless Government either intends to discontinue operations of the SAIP. Those charged with Governance of this project are the Project Steering Committee (PSC). They are responsible for overseeing SAIP's financial reporting process. 3.4. Auditor General's responsibilities for the audit of the financial statements My objective when conducting an audit is to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes my opinion. Misstatements can arise im fraud or error and are considered material if individually or in aggregate, they could reasonably be expected to influence economic decisions of users taken on the basis of these financial statements. An audit conducted in accordance "% TIRATe rmquirim an auiditor t exrim professional judgment and maintain professional skepticism throughout the audit and involves: * The identification and assessment of the risks of material misstatement of the financial statements, whether due to fraud or error; design and perform procedures responsive to those risks and to obtain sufficient and appropriate audit evidence to provide a basis for the auditor's opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. * Obtaining an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purposes of expressing an opinion on the effectiveness of internal control. * Evaluating the appropriateness of accounting policies used, the reasonableness of accounting estimates made by management * Concluding on the appropriateness of management's use of the going concern basis of accounting and, ba8Ad on the audit evidene ohtained whether a material uncertainty exists related to events or conditions that may cast significant doubt on the SAIP's ability to continue as a going concern as well as evaluating the presentation of the financial statements. Of)ice of the Auditor General of Stale Finances 12 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUIT1 DEPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Evaluation of the overall presentation, structure and content of the financial statements, including disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieved fair presentation. KAMUHIRE Alexis AUDITOR GENERAL KIGALI .... .......... ................ 202 Oficee of the Auditor General of Slate Fin an ces 13 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 4. FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 4.1. STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30 JUNE 2021 Description Notes 12 months to 30 12 months to 30 Frw Frw REVENUE Grants 2 4,556,697,417 5,762,493,744 Transfers from other Government reporting 190,000,000 598,606,032 Other revenue 4 199,519,845 1 91,917,561 Total revenue. 4,946217,262 6,453,07,37 EXPENSES i I14l Cowmpesto of 0-plye- 4 1,64,5 ,0,3,1 Goods and services 6 1 3,110,732,4101 1,851,901,049 Acquisition of fixed assets 7 256,943,305 231,637,626 Grants and other transfer payments 8 449,948,200 - Other expenses 962228- 3 0,210, 873 Tota exenses 4,96K82Q010'16 l19l81 I7 Deficit / Surplus for the period (17,600,914) 3,337,036170 The notes on pages 20 to 36 form an integral part of these financial statements. Office of the Audtor General of State Finances 14 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 4.2. STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2021 Description Note Balance as at Balance as at 30 June 2021 30 June O2 Frw Frw ASSETS C_urrenut 11set Cash and cash equivalents 10 3,910,818,217 3,789,904,640 Advance payments 11 6,340,785 3,157,591 Total assets 3,917 59,002 _3,793,062,231 Current liabilities Accounts payable 12 (145,475,873) (5,515,757) Total liabilities (B) (55B7(145)475,873) ( 5 Net assets C= A-B 3,771,683,129 3,787,546,474 Accumulated surplus from previous years 13 3,787,546,474 450,510,304 Adiustments on cash and cash equivalents 1,739,800 - Adjustments on receivables (2,23 1) Net surplus of the period (17,600,914) 3,337,036,170 Total net assets 3,771,683,129 3,787,54"4 The notes on pages 20 to 36 form an integral part of these financial statements. Office of the Auditor General of State Finances 15 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 4.3. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2021 Description 12 months to 30 12 months to 30 June 2021 June 2020 Frw-- Frw Cash flow from operating activities Reenues Grants 4,556,697,417 5,762,493,744 Transfers from public enties 190,000,000 598,606,032 Other revenue 199,519,8451 91,917,561 Expenses - 1 I 1 --- C=amation of employees (1069420) ,Irl (A103 T A,6) Goods and services (3,110,732,410) (1,851,901,049) Grants and other transfer payments (449,94800) - Other expenses (76,252,208) (30,210,873) Adjusted for: _____- _____ ______ Changes in receivables (3,183,194) (3,157,591) Changes in payables 139,960,116 5,515,757 Prioryear adjustments 1,737,569 - Net cash flow from operating expenses 377,856,882 3,571,031,962 Acquisition of fixed assets _ 1'14 425A) (231,637,K26) Proceeds from sale of capital items Net cash flows from investinf activities (256943,0 (231637,6626 Net cash flow from financing activities -- Net increase in cash and cash.equiv s120913,577 3,339,394,336 Cash and cash equivalents at the beginning of 3,789,904,640 450410, period j Cash and cash equivalents at the end of 1 3,910,818,2171 3,789,904,640 period The notes on pages 20 to 36 form an integral part of these fwancial stattments. Offlce of the Auditor General of State Finances 16 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 4.4. Statement of changes in net assets for the year ended 30 June 2021 Description Accumulated Adjustments Total surpluM/Iss PF.mr. - Frw Net surplus from the previous year I3,787,546,474 - 3,787,546,4741 Net surplus for the current financial year (17,600,914)1 - I (17,600,914) Balances as at 30 June 2021 1,76994,560 -j 3,769,945560 The notes on pages 20 to 36 form an integral part of these financial statements. Office of the Auditor General of State Finances 17 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 4.5. STATEMENT OF COMPARISON OF BUDGET AND ACTUAL AMOUNTS FOR THE YE AR ENDED 30 JUNE 2022 Description Budget Actual Variance f Performa rw Frw Frw nee AB A-B (B/A)*L00 REVENUE. . . .... Grants- 4,556,697,417 (4,556,697,417) - Transfers from central - 190,000,000 (190,000,000) - Treasury Other revenue 1995 19,845 (199,519,845) Total receipts 0 4,946217,262 (4,946,217,262) - EXPENDITURE Compensation of 1,091,282,346 1,069,942,053 21,340,293 98% employees Goods and services 4,171,877,868I 3,110,732,410 1,061,145,458 75% iGrants and other - 9,948,200 (4948,200) transfers I 1 Other iXni rio5 n0 76,252,209 25-247-792 75% Capital expenditure 735,641,200 256,943,305 478,697,895 35% Total expenditure 6,100,301,414 1 4,963,818,1761 1,136483,238 81% The notes on pages 20 to 36 form an integral part of these financial statements. Explanations for the major variances observed above: (i) Grants and other transfers: Funds were not budgeted for. They aimed at supporting the Project beneficiaries in overcoming the impact of COVID-19 pandemic. (ll) Capital eVenditure: The low disbursement is mainly linked to farmers' low capacity to secure their contribution as prerequisite to pay subsidy by the project. Most of them have been financially affected by Codd-19 pandemic. Office of the Aditor General of State Finances 18 SUSTATNABLE AGRICULTURAL LNTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIrEi-IT ON fNANCIAL STATEMENTS iFmIOR Tq" &ER m, 3A JuNE 2021 The financial staLemnlts were appruved by the management of SAIP and were i gned on iis bjla lrby: INanwis kl i ElSitiOtls Dåiat c:te Prepared by: YTUSHli ANA Juyena 2 Financial Ma:iagemen Specii s Verified by: UWRIANA J>sine i 1 Icad ot Filaance and Administration Checked by: RWANJULANGVA Siit - Projct[ Coordiktur Approved by: _UM CTONI Clarissre- ('hoc] d ivGe af t n:iru Office of the Audi> Gera oIf Srate Fbnances 19 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 4.6. Notes to the financial statements 1. Significant accounting policies Public entities maintain their books of account on a modified accrual basis of accounting as prescribed in basis for preparation. 1.1. Statement of compliance The financial statements have been prepared in accordance with the Organic Law N' 12/2013 of 12/09/2013 on State Finances and Property and related legal framework. These financial statements have been authorized for issue by the Chief Budget Manager on 6 October 2020. The financial statements have been prepared on a going concern basis and the accounting policies have been applied consistently throughout the period. The presentation and classification of items in the financial statements are consistent fron one period to the next and takes into consideration progressive improvements as contained in the Government of Rwanda roadmap to migrate to accrual IPSAS. 1.2. Basis of preparation The financial statements have been prepared on the basis of historical costs unless otherwise stated. The cash flow statement is prepared using the direct method. The specific accounting bases for major items in the financial statements are provided below. Except fLr th- u d tities affilinted to the decentralised entities, public entities shall maintain their books of account on a modified accrual basis of accounting. The subsidiary entities affiliated to the decentralised entities shall maintain their books of account on a modified cash basis of accounting and progressively move to the same accounting basis as that of the rest of the public entities. In this context modified accrual basis of accounting means that financial transactions and events shall generally be recognized in the books of account when they occur and not only when cash or its equivalent is received or paid, except in the following circumstances when transactions will be treated on a cash basis; (i) Inventories - these are assets: Inventories include assets such as consumable stores, materials to be consumed in the rendering of services and maintenance materials. These will be treated on cash basis and rZQi-4d as expenitu= durin the ycar of ycqiitn and Imated as revere in the ye_r of disposal. (ii) Non-exchange transactions: - These arise where an entity receives value fimm another entity without giving approximately equal value in exchange. These include taxes, fines andpenahties, transfers, gifts and donations and shallbe recognised when cash is received. (iii) Non-current assets (tangible and intangible assets): - such as vehicles, furniture, equipment, finance leases, Plant and tools and investmentproperty wilbe treated on cash basis and recorded as capital expenditure during the year of acquisition and revenue in the year of disposal. Office of the Auditor Generl of State Finances 20 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORIT ON FINANCIAL RTATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 (iv) The financial statements are presented in Rwanda Francs (Frw), being the currency of legal tender in Rwanda which is the functional and reporting currency of the Govement of Rwanda. 1.3. Reporting project The Financial Statements have been prepared by SAIP pursuant to Articles I9 and 66 of the Organic Law on State Finances and Property NO 12/2013 of 12/09/2013 that empowers the Chief Budget Manager to prepare the financial statements. 14. Reporting periods The Government of Rwanda Fiscal Year runs from l" July to 30i June. These financial statements cover the period from 1W July 2020 to 3011 June 2021. The comparative figures for this period reflect the 12 months ended 3(& June 2021. 1 5. Key assumptions and judgments These financial statements, as a component of the Government consolidated financial statements, reflect the Government's financial position as at 30 June 2021, and the financial results of operations and cash flows for the year ended on that date. The assumptions are based on information available at the time of the preparation of the financial statements. It should therefore be noted that actual results may differ from the assumptions stated and thus have a material impact on the financial statements. The key assumptions are discussed below: 1.5.1. Presentation Currency The functional currency of the Government of Rwanda is the Rwandan Franc (Frw). For reporting purposes, the financial statements are translated into Rwandan Francs. The rates used +S fn*nMe f,ign crrency Wlnreq is the average ote applicable by National Bank of Rwanda as at 30 June 2021. 1.5.2. Areas of significant estimation These financial statements do not have significant estimates so far. For the non-current assets and inventory balances disclosures, the acquisition cost before depreciation has been used. 1.5.3. Adoption of new and revised standards The government is in the process of transitioning to IPSAS through a phased approach that involves a six-year implementation plan. The current year is year 2 of the transition process. By the end of the six-year implementation period, the government plans to have fully timsitioned to IPSAS and adopted all relevant standards. Office of the Auditor General of State Finances 21 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 1.6. Recognition L Revenue recognition a) Revenue from non-exchange transactions t Grants Grants are transfers received by government units, from other resident or non-resident government units or international organizations that do not meet the definition of a tax, subsidy, or social contribution. This includes current and capital transfers received from foreign Governments, hinternational organizations and from other general government units. Transfers from other general Government units include Transfers from National Treasury, Inter-entity and intra-entity transfers. Inter-entity transfers refer to transfers between costs or revenue ceniers belong to different public entities while intra-entity refers to transfers between cost or revue centers within the same public entity. A transfer is a transaction in which one institutional unit provides a good, service, or asset to another unit without receiving from the latter any good, service, or asset in return as a direct counterpart. Grants are normally receivable in zash, but may also take the form of the eceipt of goods or services (in kind). Grants receivable are classified first by the type of unitproviding the grant and then by whether the grant is current or capital. A grant may be a sum of money or services given by a government body fbr specific purposes. Usually thc mncy giv= on only be md for the intended purposes stated in the mnt writing or application. These transfers could be classified according to the sector of the counterparty and whether they are current or capital transfers. The grants and transfers shall be sub-categorized as follows: a) Grants received from Foreign Governments; b) Grants received from International Organizations; and c) Grants received from other general Government units -which include Treasury Transfers, Inter-entity and intra-entity transfers. Grants and similar financing for capital items, to the extent that they have not been eliminated on consolidation, are recognised immediately in the Statement of financial assets and liabilities unless it is likely that the grant will need to be repaid, in which case the grmt is deferred in th Statement of financial assets and liabilities. The following applies to grants and transfers: a flrsmn!c rar n~rcgrwZ hn the hnnkrs nfnnniints when eash in received and in case of grant in kind, such grants are recorded upon receipt of the grant item and upon determination of the value. * Transfer from Treasury is recognized in the books of accounts when cash is received. Office of the Auditor General of State Finances 22 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUD1T REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 * Transfers received from Government entity for onward payment to a third party are not treated as an inter-entity (revenue) rather, such transfers shall be recorded as transit fund (liability) in the books of the receiving entity. * Transfers from Treasury that are not related to current fiscal year budget are not treated as cash transfers. Instead such transfers shall be treated as inter-entity transfes * Transfers from entities to Treasury which does not relate to the current fiscal year budget are treated by Treasury as inter-entity transfers. * Funds returned to Treasury at the end of the fiscal year as a result of zero balance accounts sweeping are not recognized as inter-"tity transfers. Instead, those funds will reduce the cash transfer account balance for the same year. Where such transfers are received by Treasury in the subsequent fiscal year (such as embassies and foreign missions) such transfers is recognized as inter-entity transfers. b) Revenue from exchange transactions * Other revenue These are other revenue not classified in other classes of revenue. This includes claims from insurance A giunrtes 30ized Revenue fom exchange transactions shall be recognized on accrual basis. II. Expenditure All expenditure is recognized on accrual basis. However, the point of recognition may be different according to their categories. a) Compensation of employees Compensation of employees is the total remuneration, in cash or in kind, payable to an individual in an employer-employee relationship in return for work performed by the latter during the reporting period. Expenditure relating to compensation of employees is accounted for on an accrual basis and reognized in the books Of .ccount when expendite is C;Icukrem regardless of the time associated cash and cash equivalent are paid out. Staff costs include salaries and wages, the costs of pensions and other employee benefits. Public sector pension scheme costs include current service costs and past service costs, b) Goods -and services Goods and services consist of the value of goods and services used for the production of market and nonmarket goods and services. The value of goods or services is recorded when the goods or services are actually used rather than when they were acquired or paid for. In practice, these events often coincide for inouts of services but not for goods, which may be acquired some time in advance of their use. The value of goods purchased and held for resale is recorded as goods and services when they are sold. Offlce of the Auditor General of State Finances 23 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 c) Acquisition of fixed assets The expenditure on acquisition of property plant and equipment items is not capitalized. The cost of acquisition and proceeds from disposal of these items are treated as expenditure and income items respectively. Where an asset is acquired in a non-exchange transaction for nil or nominal consideration and the fair value of the asset can be reliably established, a contra thansctinn is rerredA as revenue and as Acquisition of Fixed Assets otherwise it not recorded rather a fixed asset register which contains details of assets is maintained by each public entity. d) Other expenses Any other expenses not part of the ones above will fall into this category and shall be for on cash basis of accountingand recognized in books of accounts when cash and cash equivalent is paid. IHI. Assets and liabilities a) Cash and cash equivalents Cash comprises cash on hand, de A dnoi a s h equivmLntq. Demand deposits and cash equivalents comprise balances with banks and investments in short-term money market instruments which are readily convertible to known amounts of cash and are subject to insignificant risk of changes in value. Bank account balances include amounts held at the National Bank of Rwanda, foreign bank for the case of embassies and high commissions and at various commercial banks at the end of the reporting period. b) Inventories Inventories are expensed in the period in which they are acquired by the Government and its entities. c) Receivables These receivables include the receivables from the exchange transactions, prepayments and other receivables. d) Payables These mainly relate to invoices for goods and services which were outstanding on the date of the closure of the fiscal year. These are recognized as liabilities for that specific fiscal year. All goods received notes are recognized as liabilities if not yet paid as at the end of the period. It also includes short term borrowings received by budget agencies from Local Commercial Banks as these are not rezarded as public debt. Ofice of the Auditor General of State Finances 24 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 IV. Other relevant information a) Changes in accounting policies and estimates When presentation or classification of items in the financial statements is amended or accounting policies are changed voluntarily, comparative figures are restated to ensure cwsistecy with thcurrent priod unLossit AS impiacticable to do b) Foreign currency transactions Transactions denominated in foreign currencies are initially translated to the Rwandan Franc ot the fnreign evchasnge Inte at the ate nf tansaction. The National Bank of Rwanda provides exchange rates for major foreign currencies on a daily basis. These are presented for selling rate (rate the bank will sell foreign currency to its clients), buying rate (rate the bank will buy foreign currency from its clients) and average rate (average between the seling and buying rate). During the year, revenue items are translated using the selling rate (this equals the Buying rate presented at BNR website) of the tansaction day -whereas the Expense itms should be translated using the buying rate (this equals the Selling rate presented at BNR website) of the transaction day. The associated exchange losses are recorded as other expenditure while exchange gains should be recorded as othirwrevenue. At the cdfta bo k n alncs Aset (04"U. h=nlnn cash and accounts receivables) and liability (such as accounts payables), denominated in foreign currencies are converted into the Rwanda Franc at the average rate of exchange ruling on that closing date, as issued by the National Bank of Rwanda. The associated exchange losses/gains are recorded as expenditure/income in the books. c) Subsequent events There have been no events subsequent to the financial year end with a significant impact on the financial statements for the year ended 30 June 2021. d) Related parties The Government regards a related party as a person or an entity with the ability to exert contrl individually or jointly, or to exercise significant influence over it, or vice versa. Members of key management are regarded as related parties and comprise the Project Steering Committee and project Coordinator. e) Contingencies The Project does not recognize a contingent liability, but discloses details of any contingencies in the notes to the financial statements, unless the possibility of an outflow of resources embodying economic benefits or service potential is remote. Project has neither contingent assets nor contingent liability. Offlce of the Auditor Generd of State Finances 25 SUSTAINABLE AGRICULTURAL INTENSIFIC ATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 f) Notes to the statement of comparison of budget and actual amounts " The original budget for 2020/2021 was approved by the Parliament on 30 June 2020. Subsequent revisions or additional appropriations were made to the approved budget in accordance with specific approvals from the appropriate authorities. The additional appropriations are added to the original budget by the Government upon receiving the respective appronvnl in nrder to conclude the final budget. Accordingly, the Goverment recorded additional appropriations of 26/03/2020 budget in accordance with specific instructions of the Cabinet/Parliament. * Government's budget is prepared on a different basis to the actual income and expenditure disclosed in the financial statements. The financial statements are prepared on accrual basis using a classification based on the nature of expenses in the Statement of revenues and expenditures, whereas the budget is prepared on a cash basis. The amounts in the financial statements were recast from the accrual basis to the cash basis and reclassified by presentation to be on the same basis as the approved budget. A comparison of budget and actual amounts, prepared on a comparable basis to the approved budget, is then presented in the statement of comparison of budget and actual amounts. Ln atin tn fhe fasis d :dju ents to mnt th fAnac taasi aM 1 also made for differences in the formats and classification schemes adopted for the presentation of the financial statements and the approved budget * Timing differences occur when the budget period differs from the reporting period reflected in the financial statements. There are no timing differences for Government * Project differences occur when the budget omits program/activity or a project that is part of the project for which the financial statements are prepared. 2. Grants During the year ended 30 June 2021, SAIP received funds from World Bank (IDA) indicated in the table below: IDonor and Amount In Exchange rate 12 months to 12 months to WA* number USD 30 June 2021 30 June 2020 Frw _ Frww IDA WA 08 1,000,000 949.862832 949,862,832 ID7fl A W ^ A 9% 250000 n7.2 C244,38l , 5A 1 C 1"AL YP*% VY AJ.IVVV J1 "v7JJ&IJY rt-J'- IDA WA 11 1,000,000 970.211841 970,211,841 __ IDA WA 12 2,000,000 976.178651 . . 1,952,357,302 [ IDA WA 13 450,000 977.522059 439,884,927 [ Sub-total 4,556,697,417 5,762,493,7" *WA: Withdrawal Application. Office of the Auditor General of State Finances 26 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT R_EPORT ON fINANCIAT STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 3. Transfers from other Government reporting entities During the year, SAIP received counterpart funds from MINECOFIN as indicated in the table below: Ledger Description 12 months to 30 12 months to account June2021 30 June 2020 1 Frw Frw 139109 Int trnsfers from Central Government - 190,000,000 598,606,032 MINECOFIN Total 1 190,000,000 598,606,032 4. Other revenue The other revenue was mainly made of gain on currency exchange as detailed below: Leger Description 12 months to 12 months to account 30 June 2021 30 June 2020 Frw IFrrw 11451 Miscellaneous income (Gain on currency 199,519,845 91,917,561 exchange) | Total 199,519,845 91,917,561 5. Compensation of employees During the year ended 30 June 2021, the project incurred employees' costs as indicated in the table below: Leger Description man.to T 12 months to 1 account 30 June 2021 30 June 2020 Frw Frw 211601 Basic salary in cash 730,393,803 71-30,409;207 211602 Transport allowances in cash 131,412,862 134,643,706 2)11 AM03 Hoiina alluoancs in ch 108,081198 134643706 211612 Government contribution 100,054,190 2,535,000 1 t 1069,942,0531 1,002,231,619 Office of the Auditor General of State Finances 27 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 6. Goods and services During the year, the project incurred goods and services as indicated below: Ledger Description 12 months to 30 12 months to account June 2021 30 June 2020 1 _ FrWr t221101 Sationery and printing consumables 36,405,016 32,530,280 221102 - Bevera es,tea coffee, etc 16,755,080 11,073,350 221108 Photos, camera and microfilms, et 720,000 1,259,000 221109 Food supplies 1,262,000 8,236,160 ZZI is rIns 12,825,0a0 - 221201 Water and electricity bills 12,790,430 12,873,188 221399 Other rentals costs 1,125,0001 235,000 221402 Fax and telephone 47,182,000 40,695,000 221601 Bank charges 23,996 17,974 221603 Bank statement fees 48,002 35,980 221605 Loss on currency exchange and - 20,573 translations 221703 Adverts and announcements 502,680 1,86650 221704 Meetings and special assemblyosts 8,855,300 - 221705 Hire of conference rooms - 1,432,660 221706 Symposia, seminars and sensitizations 992,500 8,169,200 221714 Flags, banners and decoration costs 950,000 195,000 222104 Seminar entrance fees - 51,400 222108 Technical Assistance remuneration by 787,802,071 547,879,601 FAO (Food and Agriculture Organization) and RYAF (Rwanda Youth Agriculture Forum) 222109 Contractual personnel 101,356,000 72,960,024 222114 Surveys costs - 50,813,300 22211 Kesearcht costs 'Z,4o t,byo 1,JVe,4Vw 223101 Transportation cost for domestic business 25,003,800 15,235,258 travel fairolans .bus. train. taxi) I 223104 Domestic per diems 52924,328 36,458,992 223108 Fuel and lubricants 26,912,457 50,000,000 223116 Meals - 3,273,720 224101 Maintenance and/or repairs of 363,500 593,000 Administrative buildings 224110 Maintenance and repairs of vehicles and 25,189,647 15,728,164 motorbikes 224111 Maintenanec and/or repairs of office 12,999,500 2,628,900 . !equipment 224116 Maintenance and/or repairs of other 2,987,621 3,003,400 224120 Maintenance - Public Places and 25,320,000 467,532 Office of the Audtor General ofState Finances 28 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Ledger Description 12 months to 30 12 months to account June2021 30June2020 I IFrw Frw 1224201 Vehicle spare parts 16,272,399 4,759,200_1 226101 Trainers fees and expenses . . 309,000 1,872,950 226103 Training related travel costs 65,503,4421 40,845,880 2261U4 Iraining relate 'Per diems 26,055,33 i 13,49j 226105 Training hotel facilities 85,121,560 78,548,700 226106 Training food related costs 509,000 33,645,100. 226199 Other training related expenses 20,402,788 12,577,226 227310 Hire of private security fims 19,116900 7,646,400 2Z/4U I Aiculturniand veternary suppies 1,633,678,43 74216,702 227502 Educational books and suplies - 18,500,000 227511 Kitchen and dining equipment - 1 16,528,600I 229101 Sports and recreational facilities and 1,320 servicesI Total | 3,1IU,737,410 J 1,851,YU1,049 j 7. ACqiition effirPl aeea. During the year ended 30 June 2021, the projects acquired fixed assets as detailed below: Ledger Description 12 months to 12 months to account 30 June 2021 30 June 2020 Frw Frw 231103 Acquisition of buildings - Non 0 56,083,226 residential - Noni office 231106 Acquisition of water infrastructure 185,484,742 6,000 231108 Acquisition of communication 66,663343 14,693400 infrastructure 231203 Acquisition of trucks and h yvehicles - 145,848,000 231306 Acquisition of furmiture 1,401,8401 - 231399 Acquisition of other office equipment, 1,213,380 - finniture and fittings 231404 Acquisition of internet connectivity - 7,418,000 e quipmn 231499 Acquisition of other ICT equipment, 2,180,000 1,038,000 software 231601 Acauisition of Breeding Livestock - I 6,551,000 Total 256,943,305 231,637,626 Office of the Auditor General of State Finances 29 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 8. Grants and other transfer payments Ledger Description 12 months to 30 12 months to account June 2021 30 June 2020 Frw Frw 267104 Subsidy scheme for COVID-19 pandemic 150,000,000 negative effect for SAL? beneficiay [farmcm in horticulture crops for export 267104 Support season C 2021 preparation and 299,948,200 impl ementationI L Total 449,948,200 - 9. Other expenses During the year, the project incurred other expenses as indicated in the table below: Ledger Description 12 ontihe hn'to! 11 manthi tn account - I June 2021 30 June 2020 Frw Frw 285110 Support to third party initiatives 36,390,120 - 289102 Automobile insurance 37j213,635 29,142,693 289103 Inqrncetf othAr long term psmete 692,953 - 285108 Other miscellaneous exenses 1,950,500 1,068,180 I Total 76252,208 30,210,873 10. Cash and cash equivalents Ledger Bank Account Currency Amount Exchan Balance as at Balance as at account name number USD ge rate 30 June 2021 30 June 2020 Frw Frw Local currency bank accounts in Rwanda 313011 R 11000049081 Frw 86,966,461 247,538,009 Foreign currency hank accounts held in Rwanda 311401 BNR 1000049278 USD 3,873,668 987.139 3,823,851,756 3,542,366,631 rt I *R.7f93R 1 301 0.81 8217 3.789.904.640 Office of the Auditor General ofState Finances 30 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAILP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 11. Advance payments The advance payments made as at 30 June 2021 were as follows: Ledger Description Balance as at Balance as at account 30 June 2021 30 June 2020 Frw Frw 312209 Maternity leave scheme contributions 66,936 receivable 3262 Prtepayments 6,340,785 3,090,655 1 Total 6,340,7851 3,157,591 12. Accounts payable The accounts payable as at 30 June 2021 were as follows: Ledger Creditors T Balance as at Balance as account 30 June 2021 at 30 June Frw 2020 Frw 4121 Accounts payable -Third partles TPR payable 1,023,713 Maternity leave paiyable 18,266 0 AGRIPS Ltd 3,023,300 01 CBHI Scheme Payable 12,117 0 BANDAG SA 1,626,840 0 Special Drivers United Ltd 488,197 0 VERICOM Ltd 1,588,000 0 TxATTQTT Q,nnlh, T On0 A, 0 ECOMIMO 3,046,468 2,612,411 Pro Water Rwanda Ltd 7,380,00 _ - __ 0 I Open and Construction and related services 5,299,2711 0 I VAT payable 5,528,6491 0 ECOREMIfAYL Litd 1,,291 0. ± RCISD Ltd 2,860,000 0 Holland Green Tech Acampo Ltd 46,030,982_ 1,347,350 Rumngwa General Supply Ltd 1,245,381 0 General Consultancy And Trading Company 30,415,550 0 r -A Hotel Gorillas SARL 463,627 0 WHT payable 2,020,118 0 --jBaruta Patrick 305,237 0 Premier Transport Services 522,686 0 I Habamenshi Didace 573,863 0 I CSR payable 243,525 0 1Bisangwa Innocent 1,532,186 0 Office of the Auditor General of State Finances 31 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Ledger Creditors Balance as at Balance as account 30 June22l1 at3bJune Frw 2020 Frw An Multipurpose Company Ltd 6,984,000 0 Agri-Land Company Ltd 14,368,590 0 Habumuemyi Jean Marie Vianney 1,250,000 0 ECE 01 991,2001 WASAC 0 564,796 1 Total 1 145,475,8731 5,515,7571 13. Accumulated surplus from previous years Ledger Description Financial Adjustments Financial account statements for the Frw statements for year ended 30 June the year unded 2021 submitted for 30 June 2021 consolidation submitted for Frw consolidation (After adjustments) Frw 511101 Cash and cash 3,787,546,474 - 3,787,546,474 equivalents Total 3,787,546,44 - 3,787,546,474 Office of the Auditor General of State Finances 32 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AtJDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 14. Important disclosure 14.1. Summary of physical assets Categories Balance as Acquisition Disposed Depreciation Net carrying at 1 July of assets of for the amount as at 2020 Frw Frw period 30 June2021 Frw Frw Frw ____ ___ ___ ___ ____ _ I- 1____ ___ ___ ___ ___2,593,600 Structures 2,593,600 - 1 59,600 Tansport 356,366,015 - 356,366,015 equipment I 7 Machinery and 3:59,691,655 --- 359,691,655 equipment Total 718,651,270 - - - 718,651,270 14.2. Aging summary report for receivables Receivable Date intervals Total Frw 145 days 46-90 91-365 1 year to 2 Above Frw days days years 2 years Frw Frw Frw Frw RSSB (Maternity - - 2,231 - - 2,231 leave) Total -- 2,231 - - 2,231 14.3. Aging summary report for payables Payable Name 1-45 days [ 46-90r 91-3651 1 to 2 Total Frw days days years Frw Frw Frw Frw TR payable 1,023,713 0 0 '0 1,02.3,713 Maternity Leave 18,266 0 0 0 18,266 Payable I --- 31023!3011 AGIP S Ltd 1 3,023,300 040 0 3,2,0 CBH1 Scherne 12,1171 01 0 0 12 ,117 fayable BANDAG SA 1,626,840 0 0 0 1,626,840 Specia -rvr 4I,9 - 0 488;197 United Ltd VERICOM Ltd 1,588,000 0 0 0 1,588,000 MSU Supply Ltd 1 5,900,400 0 0_ 1 01 5,900,4001 ECOMIMO 0 0 3,046,468 1 0 3,046,468 Pro Water Rwanda 7380,000 0 7,380,0 Ltd 0 Offie of the Auditor General of State Finances 33 SUSTAINABLE AGRICULTURAL INTENSIFIC ATION AND FOOD SECURITY PRJECi (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR TRE YEAR ENDED 30 JUNE 2021 Payable Name 1-45 days 46-90 91-365 1 to 2 Total Frw days$ days years Frw FrwFrw Frw Open Construction 5,299,271 01 0 10 1 5,299,271 And Related ServicesI l VAT payable 5,, "C 8 6 495 ECOREMI Ltd 0 1,675,2911 0 0 1,675,291 RCISDo Ltd 2,860.00 01 0 0 2,860,000 Holland Green Tech 40,714,126 3,969,506 1,347,350 0 46,030,982 Acamo LtdII Rurangwa General 1,245,381 0 0 0t 1,245,381 Supply Ltd I I Generl Consultancy 30.415.550 0! 01 0 30,415,550 And Trading Company Ltd Hotel Gorillas 463,627 0 0 0 463,627 SARLI WHT Payable 2,020,118 01. 0 0 1 2,020,1181 Baruta Patrick j 305,2371 1 0= 0 305,2371 Premier Transport 522,6861 0 0 01 522,686 Services rHabaenshi Didace 573,8630 0. 0 .... 0. 573,863 r ay b , 243,5 I I 01 243251 Bisangwa Innocent 1 1,532,1861 0 0 0 1,532,186 An Multipurpose -6,984,000 0 0 0 6,984,000 Company Ltd Agri-Land Company 14,368,590 0 0 0 14,368,590 Ltd _ _ RAMA payable 49,616 0 0 0 49,616 Habumuremyi Jean 1,250,000 0 0 0 1,250,000 Marie Vianney Total 135,437,258 5,644,7971 4,393,8181 01 145,475,873 Office of the Auditor General of State Finances 34 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) A&IIIT PPnRT nN INANCTAT. 9TATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 14.4. Performance guarantees This refers to the performance guarantees submitted by various contractors not yet returned or seized. Contractor Object of the Guarantor Contract Guarantee Status of Return name contract amountFrw damount ,eecutimn date I Frw ECOREMI Operation and COGEBA 67,011,663 6,701,166 Complete 28/02/202 UTD maintenance of NQUE d 2 existing and new post- harvest facilities ENGINEER Construction BPR 22,872,748 2,287,275 Complete 16/101202 ING FOR works of water d 2 BETTER point borehole WOLTD n t AP RAM Ltd ECOMIMO Construction Radiant 121,858,710 12,185,871 Complete 02/11/202 LTD works ofInsurane d I drying shelters Company -1Ltd SOCIETE Purchase of BK 18,900,000 945,000 Complete 0810/202 PETROLIE fuel for d I RE Ltd vehicles, motorcycles I and generators MUSU Svpply of Prime 68,400,000 3.420.000 Complete 0711/202 SUPPLY I compost for Insurance d I Ltd Nyanza site Ltd BUREAU Environmental Bank of 29,346,500 1,467330 Ongoing: ! 202 FOR and Social Kigali Ltd Remains I ENGINEER Impact the ING AND Assessment issuing of ENVIRON (ESIA) EIA/ESM MENTAL P STUDIES/B certificate ESST Ltd by RDB AN Supply of MUA 40,000,000 2,000,000 Complete 061111202 MULTIPUR compost for Insurance d 0 POSE SAP Rwanda COMPANY Rwamagana Ltd LTD site ECOPEN Supply of BPR 23,000,000 1,150,000 Complete 05/10/202 ITUZE Ltd compost for I d SAP Nyabihu TZL__ site AN Supply of MUA 96,000,000 4,800,000 Complete 02/11/202 MULTIPUR compost for Insurance d 0 POSE SAIP Muyanza Rwanda site Ltd Ofice of the Auditor General of State Finances 35 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURUIY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Contractor Object of the Guarantor Contract j Guarantee Status of jReturn name contract rId Qmntnn eecutin Idtp I Frw ........ COMPANY LTD MUSU suppiy Of Prime 34,200,000 1,710,000 Complete 02/11/202 SUPPLY compost for Insurance d 0 LTD SAP Kayonza Ltd site EPA Supply of Radiant 38,01,900,000 Complete 10/11/202 compost for Insurance d 0 SAI Karongi Company site Ltd I I I OTOAo A9Gn721 38,56c42 3 Oftice of the Auditor General of State Finances 36 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 DETAITED AUDIT FINDINGS Office of the Auditor General of State Finances 37 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 5. REVIEW OF FINANCIAL STATEMENTS 5.1. Failure to include revenues in annual budget for SAIP Observation Article 7 ofo rg ftanic LaW N"e 12 /n13 nF 171017n1 T nn ".tat Finsmnpand Ppitl that all revenues, including grants and loans and all expenditures shall be included in the budget of the concerned public entity. In addition, article 10 of the Ministerial Order N*001/16/10TC of26/01/2016 relating to financial regulations states that the budget estimates for revenues and expenditures must be balanced. Contrary to the above requirements, included in budget of SAIP for the year ended 30 June 2021 are expected expenditure totalling Frw 5,366,660,214. However, SAIP management did not indicate the sources of expected revenues against which expected expendituwe would be incurred. Hence, the balanced budget principle was not complied with during the preparation of SAIP budget. This gap is attributed to inadequate review of the financial statements by the Project management Risk Failure to budget for revenues makes it difficult to ascertain how SAIP will carry out its annual planned activities without funds. Further, it is not possible to measure SAIP performance in terms of mobilisation of revenues in absence of related budgeted amount. Recommendation Going forward, management should ensure that the budget comprises both estimated revenues and expenditures. Both revenues and expenditures shouldbe balanced. Management comments During the year 2020-2021, the source of expected revenues against which expected expenditures would be incured was not prmvided in 17 S budget pe;brmance fi'mat to avoid duplications in national budget consolidation. When we liaised with MINECOFINfor clarification, the latter said that revenue lines sudi as proceeds from the donor and the Government were not created in IFMIS and the format provided to enter the budget for the following reasons: i) The budget is in the financial law: Total revenues for both grant and counterpart funds are presented in the budget law for the E. ialy.. : ?rom there it is always possible to measure the project performance by comparing the approved budget and the budget executed. ii) Projects are cost center rather than revenue centers (they do not plan to collect revenues): SAIP receives proceeds from RAB. These are budgeted under RAB lines in finance law. Offee of the Auditor General of State Finances 38 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Therefore, re-budgeting for them (put them in the financial reporting format would conflicts and mislead while consolidating the budget/reports at national leve. hefarar was set for financial reporting rather than budgeting and budget reporting purposes. Hence, in the detailed budget lines used to plan, revenue lines are not provided During the planning exercise, the project planning team is only able to enter in the system the planned budget for each activity and budget lines that are created and activated. Auditor's comment As per article 7 of the abovementioned Organic Law, a complete budget ought to include estimated revenue and expenditure. Both should be equal/balanced. 5.2. Undisclosed movements of fixed assets in the financial statements Observation Article 74 of the Ministerial Order N0 00I/16/10/TC of 21/20126 elating to financial regulations requires the Chief Budget Manager that items of public property be properly recorded in an asset register in a format prescribed by the Minister to ensure their custody. The assets register should contain at least minimum information such as date of acquisition, description, code, quantity, location, cost for acquisition and disposals. Review of management of fixed assets revealed that during the year under review, assets worth Frw 1,708,640 were acquired and assets worth Frw 25,259,881 were removed from assets register because they were old and could not be maintained. Refer to appendbr Ifor details However. the above movements were not disclosed in the summary of fixed assets included in the financial statements. This anomaly is attributed to inadequate monitoring of the movements of assets and inadequate review of the financial statements by the Project management. Risk Incomplete movements of fixed assets and disdosure notes in the pAWject financial sttements could mislead the users of project financial statements. Hence, inappropriate decisions could be taken based on incomplete information reported in financial statements. Recommendation The Project management should ensure that the disclosure note of fixed assets included in the financial statements contains all movements of fixed assets. Management comment Noted. The recommendation will be implemented in subsequent financial reports. Office of the Auditor General of State Finances 39 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 APPENDIX Office of the Auditor General of State Finances 40 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAW) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 Appendix 1: Undisclosed movements of fixed assets in the financial statements S/N Description Datelyear of acquisition Acquisition cost Frw Assets acquired 1 Cooker Super general gaz mixte 13/05/2021 306,800 2 Shelf(Upper wooden) 17/05/2021 82,600 3 Shelf (Upper wooden) 18/05/2021 82,600 4 Shelf (Upper wooden) 18/05/2021 82,600 5 Shelf (Upper wooden) 18/05/2021 I 82,600 6 Shelf (Upper wooden) 18/05/2021 82600 7 Shelf (Upper wooden) 18/05/2021 82,600 S [Shelf (Upper wooden) 18/05/202182600 9t Shelf (Upper wooden) 18/05/2021 82,600 10 Shelf (Lower wooden) 18/05/2021 92,630 11 Shelf (Uwer wooden) 18/05/2021 92,60 12 Shelf (Lower wooden) 18/05/2021 92,630 13 Shelf (Lower wooden) 18/05/2021 92,630 14 r Shelf (Lower wooden) 18/05/2021 92,630 15 Shelf (wer wooden) 18/05/2021 92,630 16 Shelf (Lower wooden) 18/05/2021 92,630 17 Shelf (Lower wooden 18/05/221 92,630 Total 1,08,7i40 Assets removed from asset register SGPS 16/06/2013 551,200 2 Cooker super general gaH miz 60*60 23/02/2018 295,000 3 Water dispense 23/11/2010 168,068 4 Visitors chair 10/06/2009 45,000 5 Filling cabinet 10/06/2009 165,2Mn 6 Filling cabinet 10/06/2009 1 6 5 , 2 0 0 7 Visitors chair 04/01/2010 40,000 8 Visitors chair 0401/2010 40,000 9 Visitors chair 04/01/2010 40,000 10 Visitors chair 04/01/2010 41,300 11 Desk office 13/05/2013 71,000 12 High back chair 13/05/2013 61,234 13 Desk office 13/05/20 13 71,000 14 Filling cabinet 13/05/2013 110,000 15 High back chair 13/05/2013 61,234 16 High back chair 13/05/2013 61,234 17 High back chair 13/05/2013 61,234 18 Filling cabint 04/10/2010 165,L00 19 Filling cabinet 07/11/2001 207,000 20 Visitors chair 07/11/2001 40,000 21 Visitors chair 29/01/2002 41,300 22 Visitor's chair 20/11/2002 41,300 23 Desk office 20/11/2002 236,00 24 High back chair 20111/2002 106,200 25 Visitors chair 20/11/2002 41,300 26 Visitors chair 20/11/2002 41,300 27 Visitors chair 20/11/2002 41,300 28 Visitors chair 20/11/2002 _ 41,300 29 High back chair 20/11/2002 106,200 30 Visitors chair 26/09/2003 41,300 31 Visitors chair 26!i9/200 41-00 Office of te Auditor General of State Finances 41 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 S/N Description Datelyear of acquisition AcquisitIon cost Frw 32 Visitors Chair 26/09/2003 41,300 33 Visitors Chair 26/09/2003 41,300 34 Filing cabinet I 29/09/2003 236,000 35 Filing Cabinet 29/09/2003 236,000 36 Filing cabinet 04/12/2006 212,400 37 Filling Cabinet 10/05/2009 165,200 38 Visitors Chair 10/05/2009 53,100 39 Visitors Chair 0401/2010 40,000 40 Visitors Chair 04/01/2010 40,000 41 Visitors Chair 04/01/2010 41,300 42 Visitors Chair 04/01/2010 41,300 43 Visitors Chair 04/01/2010 40,000 44 Visitors Chair 04/01/2010 41,300 45 Fillig4Cainet 04/10/2010 165,200 46 Filling Cabinet 04/10/2010 153.400 47 High back chair 04/10/2010 60,000 48 Executive Desk 04/10/2010 472,000 49 Filling Cabinet 04/10/2010 153,400 50 Filling Cabinet 04110/2010 153,400 51 Orthopdic Fabric Chair 03/01/2011 413,000 52 High Back Chair 02/09/2011 65,000 53 High Back Chair 02/09/2011 65,000 54 FillingCabinet 02/09/2011 129,000 55 High Back Chair 02/09/2011 65,000 56 Three Seater Waiting Visitor Chair 02/09/2011 205,000 57 Three Seater Waiting Visitor Chair 02/09/2011 205,000 58 Three Seater Waiting Visitor Chair 02/09/2011 205,000 59 Three Seater Waiting Visitor Chair -02/09/2011 205,000 60 High back chair 22/12/2011 65,000 61 Filling cabinet 2/124/2011 130,000 62 Desk office 22/12/2011 130,000 63 Filling cabinet 22/12/2011 130,000 64 Filling cabinet 22/122011 130,00 65 Filling cabinie 22/122011 130,000 66 Visitors chair 22/12/2011 32,000 67 Filling cabinet 22/12/2011 130,000 68 High back chair 22/1212011 65,000 69 High back chair 22/12/2011 65,000 70 Hig back chair 22/12/2011 65,000 71 Filing cabinet 13/05/2013 110,000 72 Filling cabinet 13/05/2013 110,00 73 Filling cabinet 13/05/2013 110,000 74 High back chair 13/05/2013 61,234 75 High back chair 13/05/2013 61,234 76 -High back chair 13/05/2013 61,234 77 High back chair 1305/2013 61,234 78 Working station 13105/2013 800,000 79 J Fillng cabinet 10/05/2009 165,200 80 Filling cabinet 30/09/2003 236,001 81 Visitors chair 11/05/2009 53,101 82 Visitors chair 11/05/2009 53,100 83 Desk office 22/12/2011 130,00 84 Filling cabinet 08/06/2009 112,288 Office of the Auditor General of State Finances 42 SUSTAINABLE AGRICULTURAL INTENSIFICATION AND FOOD SECURITY PROJECT (SAIP) AUDIT REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021 S/N Description Datelyear of acquisition Acquisition cost Frw 85 Sofa set 13/05/2013 887,600 86 Desk office 13/05/2013 71,000 87 Desk office 13/05/2013 71,000 88 High back chair 13/05/2013 61,234 89 Filling cabinet 13/05/2013 110.000 90 Desktop computer 14/12/2009 597,400 91 Desktop computer 14/12/2009 597,400 92 Desktop, HP Pro Desk 400 02 MT 28/08/2015 1,443 940 93 Desktop, HP Pro Desk 400 02 MT 28/08/2015 721,970 94 Desktop computer 11/12/2008 684,800 95 Desktop, HP Pro Desk 400 G2 MT 28/08/2015 721,970 96 Desktop computer 14/12/2009 597,400 97 HP Laptop Probook, 450 G4 ; Dual - 14/11/2017 969,983 core il4 98 Printer 16/06/2013 295,000 99 Printer, HP OfficeJet Pro 8600 Plus c- 28/08/2015 205,480 All - in- One, Printer 100 Printer, HP OfficeJet Pro 8600 Plus c- 28/08/2015 280,480 All - in- One, Printer 101 Printer 13/10/2009 710,000 102 Printer 08/04/2010 1,798,200 103 Printer 16/06/2013 524,421 104 Printer, HP Officejet Pro 8600 Plus e- 28/08/2015 205,480 All - in- One, Printer 105 PRINTER HP 426FDW 14/11/2017 504,229 106 Scanner 18/08/2009 650,000 107 Photocopying machine 09/08/2010 1,195,000 108 Photocopying machine 16/06/2013 1,051,764 Total 25,259,881 Office of the Auditor General of State Finances 43