30 JUN 2018 | tA2 40U Guizhou Provincial Audit Office of the People's Republic of China Audit Report (2018) 155 - QIANAUDITREPORT (2018) NO.155 Projeet Name: Guiyang Rural Road Project financed by the World Bank : 8337-CN Loan No.: 8337-CN Project Entity: Guiyang Transport Project Office of the World Bank Loan 2017 Accounting Year: 2017 r] Contents I. Auditor's Opinion..................................................................................... 3 IT. Financial Statements and Notes to the Financial Statements................6 ................................................................................ 6 i. Balance Sheet...................................................................................... 6 ( )................................................................................ 7 ii. Summary of Sources and Uses of Funds by Project Component...7 iii. Statem ent of Im plem entation of Loan Agreem ent...........................9 ( M0 ) * )f R1 P A A .......................................................................... 10 iv. Special Account Statem ent............................................................. 10 (ca ) A .......................................................................... 12 v. N otes to the Financial Statem ents....................................................16 III. Audit Findings and Recomm endations................................................29 →‘ 「 い Jな 智 . P , 一、审计师意见 审计师意见 贵阳市世界银行贷款交通项目办公室： 我们审计了世界银行贷款贵阳农村公路项目2017年12月31日的资 金平衡表及截至该日同年度的项目进度表、贷款协定执行情况表和专用账 户报表等特定目的财务报表及财务报表附注（第6页至第19页）。 （一）项目执行单位及贵州省财政厅对财务报表的责任 簖制上述财务报表中的资金平衡表、项目进度表及贷款协定执行情况 表是你办的责任，簖制专用账户报表是贵州省财政厅的责任，这种责任包 括： 1．按照中国的会计准则、会计制度和本项目贷款协定的要求编制项目 财务报表，并佼其实现公允反映； 2．设计、执行和维护必要的内部控制，以使项目财务报表不存在由于 舞弊或错误而导致的重大错报。 （二）审计责任 我们的责任是在执行审计工作的基础上对财务报表发表审计意见。我 们按照中国国家审计准则和国际审计准则的规定执行了审计工作，上述准 则要求我们遵守审计职业要求，计划和执行审计工作以对项目财务报表是 否不存在重大错报获取合理保证。 为获取有关财务报表金额和披露信息的有关证据，我们实施了必要的 审计程序。我们运用职业判断选择审计程序，这些程序包括对由于舞弊或 错误导致的财务报表重大错报风险的评估。在进行风险评估时，为了设计 恰当的审计程序，我们考虑了与财务报表相关的内部控制，但目的并非对 l 内部控制的有效性发表意见。审计工作还包括评价所选用会计政策的恰当 性和作出会计估计的合理性，以及评价财务报表的总体列报。 我们相信，我们获取的审计证据是适当的、充分的，为发表审计意见 提供了基础。 （三）审计意见 我们认为，第一段所列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贵 阳农村公路项目2017年12月31日的财务状况及截至该日同年度的财务 收支、项目执行和专用账户收支情况。 （四）其他事项 我们审查了本期内省财政厅报送给世界银行的第GUIZHOU-08至 GUIZHOU-12号提款申请书及所附资料。我们认为，这些资料均符合贷 款协议的要求，可以作为申请提款的依据。 本审计师意见之后，共同构成审计报告的还有两项内容：财务报表及 财务报表附注和审计发现的问题及建议。～ ’塔鄂黔厅…，_ 地址：贵阳市市北路52号 邮政簖码：550004 电话：86一0851一86614379 传真：86一0851一86614396 2 1. Auditor's Opinion Auditor's Opinion To Guiyang Transport Project Office of the World Bank Loan We have audited the special purpose financial statements (from page 6 to page 19) of Guiyang Rural Road Project financed by the World Bank, which comprise the Balance Sheet as of December 31, 2017, the Summary of Sources and Uses of Funds by Project Component, the Statement of Implementation of Loan Agreement and the. Special Account Statement for the year then ended, and Notes to the Financial Statements. Project Entity, and Guizhou Provincial Finance Department's Responsibility for the Financial Statements The preparation of the Balance Sheet, the Summary of Sources and Uses of Funds by Project Component and the Statement of Implementation of Loan Agreement is the responsibility of your entity, while the preparation of the Special Account Statement is the responsibility of Guizhou Provincial Finance Department, which includes: i. Preparing and fair presenting the accompanying financial statements in accordance with Chinese accounting standards and system, and the requirements of the project loan agreement; ii. Designing, irnplementing 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 3 material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entities' preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of 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 Guiyang Rural Road Project financed by the World Bank as of December 31, 2017, its financial receipts and disbursements, the project implementation and the receipts and disbursements of special account for the year then ended in accordance with Chinese accounting standards and system, and the requirements of the project loan agreement. Other Matter We also examined the withdrawal application from GUIZHOU-08 to GUIZHOU-12 and the attached documents submitted to the World Bank during the period. In our opinion, those documents comply with the project loan agreement and can serve as basis for loan withdrawal. The audit report consists of the Auditor's Opinion and two more parts hereinafter: Financial Statements and Notes to the Financial Statements, Audit Findings and Recommendations. Guizhou Provincial Audit Office of the People's Republic of China June 20, 2018 4 Address: No. 52, North City Road, Guiyang Municipality, Guizhou Province, P.R. China Postcode: 550004 Tel.: 86-0851-86614379 Fax: 86-0851-86619728 The English translation is for the convenience of report user; Please take the Chinese audit report as the only official version 5 II. Financial Statements and Notes to the Financial Statements (-) A 11 ARFz_14 i.Balance Sheet of Project 201751 127 31 El(as of December 31, 2017) Project Name: Guiyang Rural Road Project IRMA!. 5tW1MAIL, Amrpz Prepared by:Guiyang Project Management Office of the World Bank Loan CcnmU4' RtKmBY.. V_ att Mf te M 4gJ Mfl PA0 T& t R$ Application of Fund No. Balance Ending Balance Sources of Fund Line No. Beginning Ending Balance at 1 rfi t 1 239,391,450.37 404,160,663-71 o F1 rKAt 28 114,615,706,00 278,024,906.00 Total Project Expenditures Total Project Appropriation 28 14657600 2804960 Fixed Assets Transferred Project Capital and Capital 2. f 5i fi 3 30 be Disposed Including :Grants 3. 4 31 158,210,733.59 269,657,127.21 Investments Transferred-out Total Project Loan 4. a3JIJ 5 239,391,450.37 404,160,663.71 1. Proje t nvestmet 32 15,210,733.59 269,657,127.21 Construction in Progress T l q I t 6 (1) Mi%R 33 158,210,733.59 269,657,127.21 Investment Loan Receivable Foreign Loan Including: 7 F- 3 - 34 Receivable MA af-IMJr INIX 8 35 158,210,733.59 269,657,127.21 Appropriation of Investment Loan IBED I VJ-tJtJ-TRrIncluding: n* iMR 36 * Technical Investment Loan I. 10 37 Equipment Co-Financing A+: i#;b 8*14r91ncluding: 11 (2) Ml & 38 Equipment Losses in Suspense Domestic Loan 2. di{M 3 W * i ~folfla~0ff12 39,353,397.37 101,476,940.73 L39 Total Cash and Bank Other Loan AfMx13 39,299,896.26 101,446,438.60 ~ 4IRtaO&40 Cash in Bank 1 3 Appropriation of Investment _A : till(Th Including: 14 4,561,602.08 21,128,787.28 - A can 41 Special Account .d Bank Loan 2i 15 53,501.11 30,502.13 Bond Fund 42 Cash on Hand Bond Fund I Rn M*t 16 9,913,822,06 66,824,521.83 n c 43 Total Prepaid and Receivable Construction Expenditsres 1. Including: 17 J 44 15,801,193.77 24,694,790.27 Receivable Total Payable 14k 1Rw Mt-+. Lv'En PJ0 45- Commitment Fee Receivable 18World Bank Loan 19 World Bank loan 46 Fee Receivable - 20 Wordank Loa 47 Marketable Securities A.l w zI-A.-i+ 21 48 31,036.44 85,302.79 Total Fixed Assets 21Other Payables illit Palfr 22 49 Fixed Assets, Cost Appropriation of Fund i& rMit4IlA 50 Depreciation 23 Retained Earnings 24 Fixed Assets, Net 25 Disposal of Fixed Assets um 26 Fixed Assets Losses in Suspense 27 288,658,669,8C 572,462,126.27 51 288,658,669.80 572,462,126,27 Total Application of Fund Total Sources of Fund $i- 0timI0 .rFlJgg$ (BES)I : USD:RtB=1:6.5342 6 sк Зе «'�• а' ае м хе ае ю г� н: � ы Q„iV � {�К � 6 й �� О c�i �� r в Ni о и О � � ы д��- .« � �` ' т� т о _ м °о м � � 'в ,р о - о _ т" �° ". _ .� � ` - с� - т .. ,�, т � � а4 р� _ ° ° °о °о + � _ о о �S ь: О О � ' [Эб -� '� - N �' .�.-�, 5+ - W F'�г1 ц р - � ге 2Р гР. 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Special Account Statement -VIMIKP4 M STATEMENT OF SPECIAL ACCOUNT *RAW 2017 4-:12 A 31 H (For the Period Ended 12/31/2017) Project Name: Guiyang Rural Road Project financed Depository Bank:Agricultural Bank Guiyang by the World Bank Central South Branch -L-AWTIVWO - 8337-CN 23127014040000720 World Bank Loan No.: 8337-CN Account No:23127014040000720 MIML . --"q1-1f[!hX40ff RF fNk: x5E Prepared by: Guizhou Provincial Finance Department Currency USD A"3 - Part A - Account Activity for the Period Amount 11 MIU1*9: 657575,62 Beginning balance (month/day/year 2, WN Add: *- M t1t Y V 4T 2 * Sf, kk 17987852.47 Total amount deposited by World Bank 820.51 Total interest earned this period if deposited in Special Account Total amount refunded to cover ineligible expenditures 3, W- Deduct; * YAJU-It a 15412 04.49 Total amount withdrawn -* M * IR M41- _--It 414)5 rp R A K * 0 J Lh 75 Total service charges if not included in above amount withdrawn 4, M*,+t 3233569.11 Ending balance (Tnonth/day/year) B'.W ; MWPAV Part B - Account Reconciliation Amount 11 ft-YW TV XrTa 'EA a 10000000.00 Amount advanced by World Bank AJ,' Deduct: 2, a:Fr"K&99 0 Total amount recovered by World Bank 3, * M M * -V Fq [Wz P -9 & V tA 49 10000000.00 Outstanding amount to the Special Account at month/day/year 4, -9 ffl WP PAIZI& 9 3233569,11 Ending balance of Special Account at month/day/year 10 ±]DAdd: Amount claimed but not yet credited at month/day/year Application No. Amount Amount withdrawn but not yet claimed 6769115.09 Cumulative service charges (if not included in item 5.or 6.) 180 4j Deduct: 8, 9JAftA (#AtW*fPWR) Interest earned (if included in Special Amount) 2864.20 Total advance to Special Account accounted for at month/day/year 10000000.00 11 （五）财务报表附注 财务报表附注 1．项目基本情况 我市世界银行贷款贵阳农村公路项目于2013年5月启动，2019年6 月30日结束。项目计划总投资为人民币153,250万元，其中：项目A(1) 部分农村公路县道提等为二级道路项目工程投资为人民币48,500.00万 元；项目AO）部分等外级道路提升为四级道路项目工程投资为41,829．巧 万元；项目B部分县乡道路大修工程投资47,341.45万元；能力建设子项 目巧，579.40万元。项目建设资金来源于世界银行贷款15000万美元（折 合人民币91,950万元），我市投入配套资金人民币61,300万元。项目在 我市南明区、鸟当区、花溪区、白云区、修文县、息烽县、开阳县、清镇 市8个区、县（市）实施。 该项目的执行单位是贵阳市交通委员会，其中：项目工程建设部分委 托世界银行贷款贵阳农村公路建设办公室执行，能力建设子项目由贵阳市 世界银行贷款交通项目办公室执行。 2．会计政策 我市世界银行贷款贵阳农村公路项目，根据财政部颁布的《世界银行 贷款项目会计核算办法》和本项目《财务管理办法》来进行财务管理和会 计核算。 2.1财务报表的合并原则·气 本财务报表由世界银行贷款贵阳农村公路建设办公室、贵阳市世界 银行贷款交通项目办公室财务报表合并而成，合并报表反映了我市该项目 全部项目支出、世界银行贷款和配套资金等重要财务信息。 2.2项目会计核算的基础 本财务报表报告期为2017年度，按权责发生制原则，采用借贷记账 法，以公历年度为会计年度，记账本位币为人民币，本财务报表以人民币 12 元为计量货币单位。 2.3汇兑损益处理 外币采用当日汇率折算成人民币入账，年末依据国家外汇管理局公 布的外汇汇率USDI二R州田6.5342调整汇兑收益。汇兑损益计入“在建工 程”项目。 3．项目资金到位情况 截至2017年12月31日，项目资金到位人民币547,682,033.21元， 占计划总投资的35.74%，其中：世界银行贷款资金到位269,657,127.21 元，占计划数的29.33%；配套资金到位278,024,906.00元（其中：项目拨 款278,024,906.00元），占计划数的45.35％。 4．项目进度分析 截至20 17年12月31日，项目累计支出人民币404,160,663.71元， 占计划数的26.37%，其中：土建工程支出286,919,735.n元，待摊投资支 出116,709,924.09元，能力建设咨询服务支出531,004.51元，具体分领域 情况： 4.1根据项目实施计划，2014年第一批项目B部分20条道路完成投 资总额人民币271,948,659.83元，占总计划投资额的57.44％。 4.2根据项目实施计划，2017年第二批项目A(l）部分二级路完成投 了·资总额人民币14,971,075.28元，占总计划投资额的3.09％。 4.3能力建设子项目完成投资总额531,0 04.51元人民币，占总投资 0 .34％。 5．世界银行贷款资金的支付 截至2017年12月31日，本项目世界银行贷款专用账户存款增加额 17,987,852.47粎元，折合人民币117,536,225.61元（汇率折算usD:R侧田 13 =1:6.5342)，占核定贷款额的11.99%，本期利息收入总额820.51美元； 支付总额15,412,604.49粎元，未包含在支付额中的服务费支出75美元； 专用账户结余3,233,569.11美元。 6．其他说明 6.1货币资金期末余额101,476,940.73元。 6.2预付及应收账款期末余额66,824,521.53元。 其中包括：(l）预付工程款12,0 49,3 99.90元，其中：贵州鹏业工程 建设咨询事务有限公司300,000.00元、江西省宏发路桥建筑工程有限公司 5,528,357.54元、驻马店市公路工程开发有限公司6,221,042.36元；(2) 其它应收款54,775,121.93元，其中：贵阳市世界银行贷款交通项目办公 室1,340,540.00元、深圳市市政设计研究院5,576,800.00元、鸟当区交通 运输局21,000,000.00元、乌当区农村公路建设指挥部18,832,190.76元、 贵州建工集团有限公司4,519,819.50元、四川三一工程建设集团有限公司 2,179,973.65元、核工业华东建设工程集团有限公司517,295.02元等。 6.3应付账款期末余额24,694,790.27元。 其中包括：(l）应付工资970,000.00元；(2）其它应付款23,724,790.27 元，其中：保留金：四川三一工程建设集团有限公司2,567,4 23.29元、湖 南湘江工程建设有限公司1,689,269.27元、中阳建设集团有限公司 l,173,199.57元、中建鑫宏鼎环境集团有限公司519,752.79元、湖南省朝 辉建设开发有限公司1,252,625.54、义鸟市宏胜市政工程有限公司 744,391.79、贵州建工集团有限公司3,196,744.27元、核工业华东建设工·几 程集团有限公司7,756,993.94元、贵阳交通工程监理有限公司124,715.37 元、河南省宏力工程咨询有限公司贵阳分公司104,4 99.96元、福建路港（集 团）有限公司1,371,680.83元、江襼宏发路桥建筑工程有限公司711,772.79 元、驻马店市公路工程开发有限公司785,334.74元等；履约保证金：贵阳 交通工程监理有限公司113,601元、河南省宏力工程咨询有限公司 86,204.60元、深圳市市政设计研究院有限公司贵阳分公司l,476,340.00 元、贵州工大土木工程试验检测有限公司35,280元等。 l4 6.4 2017年项目发生汇兑损益一18,221,409.36元。汇兑损益已计入 “在建工程”科目。 15 v. Notes to the Financial Statements Notes to the Financial Statements 1. Project overview Guiyang Rural Road Project financed by the World Bank loan was launched in May, 2013 and would be completed by June 30, 2019. The total investment plan of the project was RMBI.5325 billion yuan, including the cost of RMB485 million yuan for part A (I)-to upgrade rural county road into class two road, RMB418. 2915 million yuan for part A (2)--to upgrade unclassified rural roads into class four roads, RMB473.4146 million yuan for part B -rural road rehabilitation,, and RUB155.794 million yuan for capacity building component. The total project investment included USDI50,000,000.00 (RMB919,500,000.00 yuan) fmanced by the World Bank and RMB613,,000,000.00 yuan by the counterpart financing of Guiyang. The project involves 7 districts and counties/city-level counties including Nanming District, Wudang District, Huaxi District, Baiyun District, Xiuwen County, Xifeng County, Kaiyang County and Qinzheng City. The project implementing agency was Guiyang Transport Bureau. The project construction would be implemented by Guiyang Rural Road Construction Office (GRRCO) and capacity building compound would be implemented by Guiyang Project Management Office (GPMO). 2.Accounting Policies The Financial Statements of the project were prepared according to the requirements of Accounting Methods for he World Bank Financed Project and the finance management regulations for the project. 2. 1 Consolidation principal in the Financial Statements The financial statement, which was combined with financial statements ftom Guiyang Rural Road Construction Office and Guiyang Transport Project Office of the World Bank Loan, indicated key financial information including all expenditure, loan from the Bank, counterpart fund, etc. of the whole proj ect. 2.2Basis of the project's accounting Report period of the financial statement was the year of 2017. The accrual basis and the debit/credit double entry bookkeeping method were adopted. RM[B was used as the recording currency of bookkeeping.1t took the 16 Gregorian calendar as the accounting date and used RMB yuan as the currency unit. 2.3 exchange gains or losses Foreign currency would be entered the account as converted RMB according to rate on current date. By the end of year, exchange gains or losses would be adjusted according to foreign currency rate issued by national foreign currency management bureau (USD1= RMB6.5342). Exchange gains or losses would be included into "construction in progress" item. 3. Project fund As of December 31, 2017, RMB547,682,033.21 Yuan had been in place, which took 35.74% of the planned total investment. World Bank loan of RMB269,657,127.21 Yuan had been in place, which took 29.33% of the planned amount; counterpart fund of RMB278,024,906.00 Yuan (RMB278,024,906.00 Yuan was from the project allocation) had been in place, which took 45.35% of the planned amount. 4. Project progress As of December 31, 2017, the project's total accumulative expenditure were RMB404,160,663.71 Yuan, which took 26.37% of the planned amount. It included civil work expenditure of RMB286,919,735.11 Yuan, deferred and prepaid expenditure of RMB 116,709,924.09 Yuan, and consulting fee of RMB53 1,004.51 Yuan. As follows: 4. 1According to project implementing plan, investment of RMB271,948,659.83 Yuan for part B in the first batch (20 rural roads) had been finished in 2014, which took 57.44% of the total planned investment. 4.2According to the project implementation plan, the investment of RMB 14,971,075.28 yuan for part A(l) of Batch 2 had been completed, which accounted for 3.09% of the total investment plan. 4.3Investment of RMIB531,004.51 Yuan for capacity building had been finished, which took 0.34% of the total investment. 5. Payment of the World Bank loan As of December 31, 2017, increment in the project's special account for the 17 Bank loan was USD17,987,852.47, equaled to RMB117,536,225.61 Yuan (USD:RMB = 1:6.5342), which took 11.99 % of the verified loan amount; Interest income were USD820.51; total payment was USD15,412,604.49; service fee that were not included in payment were USD75; balance of the special account was USD3,233,569.11. 6. Other Explanation 6.1 On December 31, 2017, the balance was RMB101,476,940 Yuan. 6.2 Its balance on December 31, 2017 the prepaid and receivable was RMB66,824,521.83 Yuan,which included prepaid civil work fee of RMB12,049,399.90 Yuan(RMB300,00OYuan from Guizhou Pengye construction consulting company,RMB5,528,357.54 yuan from Jiangxi Province Hongfa Road Bridge Construction Engineering Co. Ltd.,RMB6,221,042.36 yuan from Zhumadian Road Engineering Development Co. Ltd.)and other receivable of R1VB54,775,121.93 Yuan(RMB1,340,540 Yuan from GPMO,RMB5,576,800.00 Yuan from Shenzhen Municipal Administration Design & Research Institution,RMB21,000,000.00 from transport bureau of Wudang District,RMBl8,832,190.76 from rural road construction command of Wudang District,RMB4,519,819.50 Yuan from Guizhou construction group,RMB2,179,973.65 from Sichuan Sanyi Engineering Construction Group Co., Ltd..,RMB817,298.02 from Nuclear Industry East China Construction Engineering Group Co., Ltd..). 6.3Ending balance of payable was RMB24,694,790.27 Yuan, which included:RMB970,000.00 Yuan of wages payable and other payable of RMB23,724,790.27 Yuan.Retention fund:RMB2,567,423.29 yuan from Sichuan Sanyi Engineering Construction Group Co., Ltd..,RMB1,689,269.27 yuan from Hunan Xiangjiang Engineering Construction Co. Ltd..,RMBl,173,199.57 from Zhongyang Construction Group Co., Ltd..,RMB519,782.79 yuan from Zhongjianxin Hongding Environment Group Limited,RMB1,252,625.54 yuan from Hunan Chaohui Construction Development Co. Ltd..,RMB744,391.79 yuan from Yiwu Hongsheng Municipal Engineering Co., Ltd..,RMB3,196,744.27 yuan from Guizhou Jiangong Group Co., Ltd..,RMB7,756,993.94 yuan from Nuclear Industry East China Construction Engineering Group Co., Ltd..,RMB124,715.37 yuan from Guiyang Traffic Engineering Supervision Co. Ltd..,RMB104,499.96 yuan from Henan Hongli Engineering Consulting Co., Ltd.. Guiyang 18 Branch,RMB1,371,680.83 yuan from Fujian Lugang(Group) Co., Ltd..,RMB711,772.79 yuan from Jiangxi Hongfa Road Bridge Construction Engineering Co. Ltd..,RMB785,334.74 yuan from Zhumadian Road Engineering Development Co. Ltd..;Perforiance bond: RMB113,601 Yuan from Guiyang transport construction supervision Ltd., co.,RMB86,204.60 Yuan from Henan Hongli construction consulting Ltd., co.,RMB1,476,340.00 yuan from Shenzhen Municipal administration design & research institution-Guiyang company and RMB35,280 yuan from Guizhou Gongda Civil Engineering Test and Testing Co. Ltd.. 6.4 Exchange gains or losses in 2017 was -RMB18,221,409.36 Yuan, which had been included in construction in progress. 19