iii) The existing expenditures when incurred (i.e., when the invoice is received), are recorded by debit in the asset side of the balance sheet in captions "Tangible Fixed Assets" or "Intangible Assets" and by credit of captions "Accounts Payable - Suppliers" or "Accounts Payable - other accounts payable". The payment of the invoices is recorded by credit in the caption "Banks and Cash - Cash" and debit in captions "Accounts Payable - Suppliers" or "Accounts Payable - other accounts payable". If an exchange difference exists at the payment date, that difference is recorded in the caption "Net Profit/Loss". iv) Expenditures that are paid through direct payments by the 18RD are recorded by debit of the caption "Accounts Payable - Suppliers" and credit of the caption "Accounts Receivable - "Accounts Receivable - World Bank Agreement 8115 - CV". Simultaneously, in equity the same amount is transferred from the caption "Subscribed Capital" to the caption "Paid Capital". Taking into consideration these accounting procedures, the captions of the balance sheet show the following natures: a) Fixed Assets Fixed Assets acquired by the Project are recorded at acquisition cost and are recorded by debit to fixed assets and credit to accounts payable in the liability side of the balance sheet, when the Project receives the corresponding invoice from the supplier. The fixed assets acquired by the Project are not depreciated. b) Tangible Fixed Assets in Progress Tangible fixed assets in progress relates to installment payments made to the suppliers of goods and works. Their accounting is similar to Fixed Assets, referred in Note 2.a) above. c) Intangible Assets The Intangible Assets include technical projects and consulting services acquired by the Project and are measured at acquisition cost. Their accounting is similar to Fixed Assets, referred in Note 2.a) above. The intangible assets acquired by the Project are not depreciated. d) Accounts Receivable The Accounts Receivable correspond to the amount of the Loan agreement and the funding by the Government of Cabo Verde that is available by the Project Implementation Unit to be used in future expenditures. e) Cash Cash corresponds to cash held in bank deposits in demand (Designated Account balance and bank account to use the funds provided by the Government of Cabo Verde). f) Net profit / (loss) and retained earnings All the expenditures incurred by the Project during each year are recorded by debit to net profit/ (loss), being the net profit/ (loss) presented as a separate caption on equity. The detail of the expenditures incurred during the year is shown on the statement of source and application of funds, g) Equity (Resources) The balance of this caption corresponds to the total amount made available by the Project's funders. Caption Paid Capital corresponds to the amount already used by the Project Implementation Unit in the acquisition of fixed assets, other assets and in expenses made. The balance of caption Subscribed Capital corresponds to the amount of the agreement available for use. Its balance is therefore identical to the balance of caption "Accounts receivable". h) Accounts Payable The balance of the caption Accounts Payable corresponds only to the invoices from suppliers not paid at the balance sheet date. When an invoice from a supplier is received it is recorded by credit to accounts payable and debit of fixed assets or profit and loss depending on the nature of the acquisition. The subsequent payments of the accounts payable to suppliers are recorded by debit to this account and a credit in cash, or in accounts receivable, depending on whether the payment was made through the Project's bank accounts or made directly by the Project's funders (Note 2.iv above), respectively. i) Balances and transactions denominated in currencies other than CVE The assets and expenditures acquired in foreign currency are translated to CVE, using exchange rates prevailing on the date of the purchase. The corresponding account payable is translated using the same exchange rate. At the payment date, any difference between the exchange rate existing at that date and the exchange rate existing at the previous purchase date (used to record the account payable to suppliers referred before are recorded in the Losses or gains from financing included in "Net profit/ (loss)" in the Balance Sheet. As of 31 December 2016, the exchange rate prevailing between foreign currencies and CVE were the following: 1 EUR = 110,265 CVE 1 USD = 105,385 CVE 3. CASH As of 31 December 2016 and 2015, this caption is detailed as follows: Bank Accounts 31.12.2016 31.12.2015 Special Account - Banco de Cabo Verde 87 014 033,00 48 219 474,00 Cape Verde Governament Account - Banco de Cabo Verde 0,00 0.00 Total 87 014 033,00 48 219 474,00 The bank account "Special Account - Banco de Cabo Verde" is used by the Project Implementation Unit to pay expenditures. The deposits in this account correspond to the funds made available by the IBRD. 3.1 SPECIAL ACCOUNT (now Designated Account) The Special Account is an account opened and maintained in EUR by the Borrower, through which payments of expenditures related with the Project are made. This account is credited by the transfers (replenishments) of funds from the IBRD. The amount initially deposited into this account amounted to 956,859 EUR, corresponding to working capital fund used by the Project Implementation Unit to pay expenditures incurred with the Project. During 2014, the remaining advance was made in the amount of 43,141 EUR, totalizing 1,000,000 EUR as of 31 December 2015. The reimbursement of the expenditures paid through this bank account is made after request submitted to the IBRD (through a standard form of IBRD), and subsequent approval. These reimbursement requests detail all the expenditures paid, and are accompanied by the bank account statement justifying the payments for which the reimbursement is requested, bank reconciliation and other supporting documentation of the expenditures paid. This bank account is held at the Bank of Cabo Verde ("Banco de Cabo Verde"), located in the city of Praia. The expenditures paid in 2016 and 2015 by the Project Implementation Unit using the Special Account, are detailed as follows: 31 December 2016 31 December 2015 Special Account Movement EUR CVE EUR CVE Opening Balance (1) 437 305 48 219 474 616 454 67 973 293 Special account Iniclal deposit (ii) - - Advance to the special Account (Note 4) fi) Bank transfers from the Stale of Cape Verde (v) - Bank transfer from Cape Verde government account 202600 (Note 3 2) Bank transfer from other Cape Verde government accouni Amount Withdrawn and Not Yet ClaImed (v) (253) Expenses paid Goods (163 384) (18 015 537) works (263 131) (29 014 140) (231 019) (25 473 310) consufant servces (161 242) 617776 041) (612743)(67 564 120) Subtotal (Note 5) ( (587 85 3 762) 3037 430) Replanishments received (Note 4) (i) 939810 103628 140 664 614 73 283 618 Closing Balance (i)+- +0s)+(i)v(vo*(vu) 789 136 87 041 890 437 305 48219474 During the year ended 31 December 2016, the Project received the amount of 939 810 CVE, relating to Replenishment requests of expenses paid in 2016 and 2015. 3.2 CABO VERDE GOVERNMENT ACCOUNT - SUB ACCOUNT (20 26 00) IN CVE In 2014, this bank account was cancelled, resulting in a bank transfer to the special account. 4. ACCOUNTS RECEIVABLE The balance of the caption "Accounts Receivable" correspond to the funds available for use as of the balance sheet date, of the funds made available by IBRD and the Government of Cabo Verde. The reconciliation of these balances as of 31 December 2016 and 2015 is as follows: lBRD GovCape lBRD GovCape 40,200,000 Verde 40200,000 Verde 3.755,0 0 3,755,000 Funds made available (total equity) - EUR 40200000 3755000 40200000 3755000 Funds made available (total equity) - CVE (1 EUR 10,265 CVE) 4432653000 414 045 075 4 432 653 000 414 045 075 opening balance from previous year 340 628 202 315 529 341 898 178 936 340 385 69 Special Account funding (Note 3.1) . Special Account Replenishment (a) (103 628 140) (73283618) Deposit Received (Note 3.2) ( Direct Payments (Note 5) (b( (67 689 484) (33 366 752) (484 267.1201._ (2454358 Total account receivable 169310579 282162589 340628202 315 529 341 (a)The Special Account replenishment in 2016 corresponds to the amount of 1 026 606 EUR less the amount recovery by the bank in the amount of 86 796 EUR, converted to CVE. (b) The direct payments correspond to the amount of 613 880 EUR converted to CVE. 5. EXPENSES PAID BY THE SPECIAL ACCOUNT OR BY DIRECT PAYMENTS During the years ended 31 December 2016 and 2015, the application of funds was as follows: 31.12.2016 31.12.2015 Extension of Palmarejo Power Plant - 310113377 Extension of Lazareto Power Plant 96 703 623 199627053 Viability study (Component 1 PPF) Eletric power traffic measurement Reducing losses in electric power distribution 22 208 895 Implementation of an Automatic Metering System 2 009 930 Support to the reform of the Power Sector and Electra reestructuring - 10 340 872 Contract Performance Monitoring 6 550 954 4 731 912 UGPE capacity increase 34430476 35194773 Supervision of components 1 and 2 3887503 41 126 785 165 791 381 601 134 772 The resources that funded those application of funds include essentially: (i) deposits made to the Project's bank accounts; (ii) payments made directly by the Project's funders, and; (iii) accounts payable to suppliers. The detail of those resources was as follows: Prfacts .udes c y (Notes 4 and 7) 101056236 09123478 Pynrts mdthro Sp Ac t (Ncte31 GO 64735145 93 037430 Goe rnint of CapeVe dtank r rs(te 7) __ 165 791 381 6 2160908 Others (09;t 061" Accord ce as o 31 Dce r a;(i)*(.i) 165 73811 Payments are made preferably from the Special Account, and the Project Implementation Unit only uses direct payments to suppliers by the lORD when amounts are higher. The reconciliation of the funds received by the Project and the funds disbursed by IBRD is as follows: Balance by Project Balance by Project 2016 2015 Project's Funders direct payments (Notes 4 and 7) () 67 689 484 484 267 120 Payments made through the Special Account (Note 3.1) (ii) 64 735 145 93 037 430 Account balance as of 31 December (i)+(ii) 132 424 629 577 304 550 6. CURRENT LIABILITIES As of 31 December 2016 and 2015, the balance of the caption "Current Liabilities" refers to the purchase of consulting services that were not paid at the balance sheet date. The detail by supplier is as follows: Supper Description 31.12.2016 31.12.2015 Warstila Construction of equiprr SGS Consortium Cabo Verde Supervision of the proje - - Others Miscellaneous services 33 131 152 894 33131 152894 7. EQUITY As of 31 December 2016 and 2015, the Project funders and their contribution recorded in Equity are as follows: Project Funders Balance 31.12.2016 Balance 31.12.2015 International Bank for Reconstruction and Development - Paid Capital 4 263 342 421 4 092 024 798 International Bank for Reconstruction and Development - Subscribed Capital 169 310 579 340 628 202 4432653000 4432653000 Government of Cape Verde - Paid Capital 131882486 98515734 Government of Cape Verde - Subscribed Capital 282162589 315529341 414045075 414045075 4846698 075 4846 698 075 The balances of "Paid Capital" refer to payments to suppliers that are made directly by the Project funders and to the cash transfers to the Project bank accounts, as mentioned in Note 2 above. The balances of "Subscribed Capital" correspond to the amounts available for use, as of the balance sheet date. The movement in these captions during the years ended 31 December 2016 and 2015 was as follows: Project Funders Balance 31.12.2015 Direct Payments Tracnsfersiobank Baance3l12.2016 accounts International Bank for Reconstruction and Development - Paid Capital 4 092 024 798 67 689 484 103 628 140 4283 342422 International Bank for Reconstruction and Development - Subscribed Capital 340 628 202 (67 689 484) (103 628 140)' 169 310 579 Government of Cape Verde - Paid Capital 98515 734 333686762 - 131 882 486 Government of Cape Verde - Subscribed Capital 315 529 341 (33 366 752 - 282 162 589 Total Equity 4 846 698 075 - 4 84 896 078 Project Funders Balance 31-12,2014 Direct Payments Transfers to bank Balance 31.12.2015 . . . accounts Inlernational Bank for Reconstruction and Deelopment - Paid Capital 3 534 474 060 484 267 000 73283 738 4 092 024 798 International Bank for Reconstruction and Development - Subscribed Capital 898 178 940 (484 267 000) (73 283 738) 340 628 202 Government of Cape Verde - Paid Capital 73659376 24 85 358 - 98515734 Government of Cape Verde - Subscribed Capital 340 385 699 (24 856 358 - 315 529 341 Total Equity 4 46 698 7 - 484698075 8. TANGIBLE AND INTANGIBLE FIXED ASSETS The movement of the Tangible and Intangible Fixed Assets during the years ended 31 December 2016 and 2015 was as follows: Balance Additions Disposals Balance Tangible Fixes Assets 31.12.2015 (Note 5) 31.12.2016 Buildings and Others Constructions 2837420 134 1 099 904 128 - 3937 324 262 Machinery & Equipment 589 771 195 146 - 784 917 Auto And Trucks Office Equipments 301 926 1 088 904 1 390 830 Electric Infrastructures Other Tangible Fixed Asset 130 684 - 130 684 Fixed Assets in Pogress 1 003204865 - 1 003204865 - Total Tangible Fixed Assets 3 841 647 380 1 101 188 178 1 003 204 865 3 939 630 693 Intangible Assets Software Consulting 185826223 17688520 - 203514743 Training Expenses Total Intangible Assets 185826223 17688520 203514743 Total Tangible and Intangible Assets 4027473 603 1 118876698 1 003 204 865 4 143 145436 Balance Additions Disposals Balance Tangible Fixes Assets 31.12.2014 (Note 5) 31.12.2015 Buildings and Others Constructions 2,810,008,696 27,411,438 2,837,420,134 Machinery & Equipment 366,930 222,841 - 589,771 Auto And Trucks - - Office Equipments 301,926 - 301,926 Electric Infrastructures - Other Tangible Fixed Asset 130,684 - 130,684 Fixed Assets in Pogress 558,762,265 444,442,600 1,003,204,865 Total Tangible Fixed Assets 3,369,570,501 472,076,879 - 3,841,647,380 Intangible Assets Software - Consulting 126,303,548 59,522,675 - 185,826,223 Training Expenses - - Total Intangible Assets 126,303,548 59,522,675 - 185,826,223 Total Tangible and Intangible Assets 3,495,874,049 531,599,554 - 4,027,473,603 The caption Tangible Fixed Assets includes essentially, besides the electric generators, engines, heavy fuel oil and water treatment system, steam generation system for fuel heating, operator's station and utility block, among others. The caption Intangible Assets includes essentially the engineering costs and supervision costs of the project, recorded in caption "Consulting". 9. OTHER ACCOUNTS RECEIVABLE - ADVANCES TO SUPPLIERS As of 31 December 2016 and 2015, the detail by supplier of caption "Other accounts receivable" was as follows: Supplier Description 31.12.2016 31.12.2015 Hexing Supply of equipment 18 012 783 - Total advance to suppliers 18 012 783 - Other accounts receivable - 20106 Total accounts receivable 18012783 20106 The amount advanced to suppliers recorded on 31.12.2016 is related to the contract celebrated with the firm Hexing Electrical Co. Ltd, concerning the supply of meters. 10. NET PROFIT / (LOSS) During the years ended of 31 December 2016 and 2015, "Net Profit/ (Loss)" had the following detail: 2016 2015 Payroll expenses 26 053 781 25 057 406 Communication expenses 981 025 1 756 413 Publicity expenses 488 950 1 432 030 Other operating expenses 4 758 850 5 195 154 32 282 606 33 441 003 ANNEXE 11.1 ETAT DES DEPENSES PAYEES A TRAVERS LE COMPTE SPECIAL Munistério da Economia e Emprego UNIDADE DE GESTO DE PROJECTOS EsPECIA1S PROJECTO DE W RCUER AÃO E REF,ORMA D0 SECTOR ELÉ1CTRICO (PRRSE02) FINANCIAL STATEMENT Special Account Statement of Expenditures as of December 31, 2016 (Amount Expressed in Euros - EUR) IBRD Loan 8115-CV Descripion Refmrk Amount 1.Special Account Balance as at 01-01-2016 437.305,39 Plus: 2.Advanced to the Special Account 939-809,91 3.Remaining advance to the Special Account 4. Bank Transfers from the State of Cape Verde 5. Total Amount Withdrawn And Not Yet Claimed 252,72 Less: 6.Expenditures Incurred in the Period: 587.727,00 Goods 163.384,00 Works 263.131.00 Consultant Services 161.212,00 Refund of Preparation Advance - Unallocated - Total expenses 587.727,00 7.Special Account Balance as at 31-12-2016 789.135,58 Prepardb- Revieedby: Ap by Eneida Jos rade Jomes r / Project Asst4ipt 1 /1 Finiano Ocer 1 /Co tor p si ANNEXE 11.2 ÉTAT DES DEMANDES DE REMBOURSEMENTS DE FONDS AU COMPTE SPECIAL 1Ministerio da Economia e Emprego ONIDADE DE GEST0O DE PROJECTOS ESPECIAIS PR.OJECO DE RECU.JPERAÇ.AO E R [FORMA DO SECTOR ELC.TRICO (PRRSE02) FINANCIAL STATEMENT Special Account Replenishment Statement as of December 31, 2016 (Amount Expressed in Euros - EUR) IBRD Loan 8115-CV Caiegory Description Number Remark Works Goods Consult Services Other Costs TOTAL 028 274.256,02 274.256,02 029 (a) 289.319,34 289.319,34 030 175,414,00 175.414,00 032 42.121,00 42.121,00 033 163.384,00 82.111,55 245.495,55 TOTAL 175.414,00 163.384,00 687.807,91 0,00 1.026.605,91 RenarkC (a) The appiaon No, 029 MI a moubNEU 289 319,34, and the blal an" ofEUR 79 was ced by Vbrid Bank on Apr 2016 PreparedBy Reewed By- PpP dpy. Enei des £ de Nu omes Project sstat AJ tnce O ceC r Ps. ANNEXE 11.3 ETAT DE RAPPROCHEMENT DU COMPTE SPECIAL Mini st&io da Economia ~e Emprego UNIDADE DE GESTAO DE PROJECTOS ESPECIAIS PROJECTO DE RECUPERAQAO E REFORMA DO SECTOR ELtCTRICO SPECIAL ACCOUNT RECONCILATION STATEMENT IBRD LOAN No. IBRD 8115-CV SPECIAL ACCOUNT PREFIX. ACCOUNT No. 04087523121 WITH (BANK) BANCO DE CABO VERDE 1. TOTAL ADVANCED BY WORLD BANK AS OF 31 DECEMBER 2013 956.859,27 2. REMAINING ADVANCE TO THE SPECIAL ACCOUNT 43.140,73 3. LESS: TOTAL AMOUNT RECOVERED BY WORLD BANK 86.796,00 4. EQUALS PRESENT OUSTANDING AMOUNT ADVANCED TO THE SPECIAL ACCOUNT (NUMBER I PLUS NUMBER 2 LESS NUMBER 3) 913.204,00 5. PLUS; AMOUNT REPLENISHED 2.597.776,56 i) Amount Replenished in 2013 748.545,72 ii) Amount Replenished in 2014 158.011,34 iii) Amount Replenished in 2015 664.613,59 iv) Amount Replenished in 2016 1.026.605,91 6 BANK TRANSFERS FROM THE STATE OF CAPE VERDE 101.237,78 7 EQUALS PRESENT OUSTANDI NG AMOUNT ADVANCED TO THE SPECIAL ACCOUNT (NUMBER 4 THROUGH NUMBER 6) 3.612.218,34 1. BALANCE OF SPECIAL ACCOUNT PER ATTACHED BANK STATEMENT AS OF DATE 31-12-2016 789.135,58 2. PLUS: TOTAL AMOUNT OF THE PERIOD 2.822.830,04 i) Expenditures of 2012 52.273,30 ii) Expenditures of 2013 756.562,52 iii) Expenditures of 2014 582.505,10 iv) Expenditures of 2015 843.762,12 v) Expenditures of 2016 587.727,00 3. PLUS: TOTAL AMOUNT WITHDRAWN AND NOT YET CLAIMED REASON 252,72 4. PLUS: AMOUNTS CLAIMED IN PREVIOUS APPLICATIONS NOT YET CREDITED AT DATE OF BANK STMT. APPLICATION I AMOUNT: SUBTOTAL OF PREVIOUS APPLICATIONS NOT YET CREDITED - 5. MINUS: INTEREST EARNED 6. TOTAL ADVANCE ACCOUNTED FOR (N 1 THROUGH WP 5) 36121218,34 DATE: SIGNATURE: December 31, 2016 TITLE: Proect Assistant Fnance cer ANNEXE 11.4 LISTE ACTUALISEE DE L'ACTIF FIXE TANGIBLE ET DE L'ACTIF INTANGIBLE N Mnist&ioda Economia 'eErnprego UNIDADE DE GESTAO DE PROJECTOS ESPECIAIS PROJECTO DE RECUPERAQAO E REFORMA DO SECTOR ELtCTRICO (PRRSE02) LIST OF TANGIBLE FIXED ASSETS For the year ended 31 December 2016 Accouit 'No. Description Quantity Unit Price Total Amount Internal Code Acquisition Uage Identification Local Date status 432100 114001 Central Palmarejo 1 133.193,283,00 133.193.283,00 N/A 31/03/2014 Now ELECTRA PALMAREJO 432100 114002 Central Lazareto 1 198.847.710,00 198.847.710,00 N/A 31/03/2014 Now ELECTRA LAZARETO 432100 114003 Central Palmarejo 1 870.232.661,00 870.232.661,00 N/A 27/0812014 Now ELECTRA PALMAREJO 432100 114004 Central Palmarejo 1 17.440.743,00 174.140.743,00 N/A 27/08/2014 Nom ELECTRA PALMAREJO 432100 114005 Central Palmarejo 1 442.091.750,00 442.091.750,00 N/A 28/0812014 Nov ELECTRA PALMAREJO 432100 114006 Central Lazareto 1 354.031.254,00 354.031.254,00 N/A 09-03-2014 Now ELECTRA LAZARETO 432100 114007 Central Lazareto 1 580.832.134,00 580.832.134,00 N/A 09-03-2014 Now ELECTRA LAZARETO 432100 114008 Central Lazareto 1 8.537.157,00 8.537.157,00 N/A 09-03-2014 Now ELECTRA LAZARETO 432100 114009 Central Lazareto 1 29.247.681,00 29.247.681,00 N/A 09-03-2014 Now ELECTRA LAZARETO 432100 114010 Central Lazareto 1 18.854.323,00 18,854.323,00 N/A 09-03-2014 Now ELECTRA LAZARETO 432100 115001 Central Lazareto 1 27.411.438,00 27.411.438,00 N/A 01-01-2015 Now ELECTRA LAZARETO 432100 116001 Central Lazareto 1 96.699.263,00 96.699.263,00 N/A 12-06-2016 Now ELECTRA LAZARETO 432100 116002 Central Lazareto 1 483.825.111,00 493.825.111,00 N/A 31-12-2016 Now ELECTRA LAZARETO 432100 116002 Central Palmarejo 1 509.379.754,00 509.379.754,00 N/A 31-12-2016 Now ELECTRA PALMAREJO Total da Conta 3.937.324.262,00 433100 113001 PC Dell Vostro 270MT i5 1 86.000,00 86,000,00 COMP.1001 - 13- UGP AF 09-04-2013 Novo ADMINFIN ANAS 433100 113002 Monitor 20" DELL P2012H Black 1 21.000,00 21.000,00 MON./001 - 13- UGP AT 09-04-2013 Now ADMINFIN UGPE_GERAL 433100 113003 PC Dell Inspiration, i5 1 93.500,00 93.500,00 COMPJ002 - 13- UGP AF 28/11/2013 Now ADMINFIN UGPE_SMT 433100 113004 Monitor 18.5' DELL LED E19138 1 21.500,00 21.500,00 MON.1004- 13- UGP AF 28/11/2013 NOV ADMINFIN UGPE-SMT 433100 113005 Monitor 20" DELL P2012H Black 1 18.500,00 18.500,00 MON./001 - 13- UGP AT 29/11/2013 Now PROJMANAGE UGPE_JCL 433100 113006 Monitor 21.5" Samsung LED VGA Full 1 18.500,00 18.500,00 MON.J002 - 13- UGP AF 29/111/2013 Novo ADMINFIN UGPE-MDR 433100 114001 Memorias Portatil 1 107.930,00 107.930,00 N/A 19-09-2014 Novo PROJMANAGE UGPE_GERAL 433100 115001 Portatil Toshiba Satellite Pro C70-B-34T 1 111.420,00 111.420,00 PORT./001 - 15- UGP AT 27-11-2015 Now PROJMANAGE ANAS 433100 115001 Portatil Toshiba Satellite Pro C70-B-34T 1 111.421,00 111.421,00 27-11-2015 Novo - (1) 433100 116001 Portatil ACER 1 97.573,00 97.573,00 PORT.1001 - 16- UGP AF 21-11-2016 Now ADMINFIN UGPE EMS 433100 116002 Portatil ACER 1 97.573,00 97.573,00 PORT.1002 - 16 UGP AT 21-11-2016 Now PROJMANAGE UGPE-CD Total da Conta 784.917,00 435100 116001 Mesa de Reunido corn 18 cadeiras 1 1.068,904,00 1.068.904,00 MESAI001-16 UGP AF 28-06-2016 Noo ADMINFIN UGPE-GERAL Total da Conta 1.068.904,00 435200 113001 Telefone Analogico 1 13463,00 13.463,00 TELE.1001-13 UGP- AF 19/11/2013 Nowo FINANDISB UGPE_JA 435200 113002 Telefbne Analogico 1 13463,00 13.463,00 TELE.1002-13 UGP- COORD 19-11-2013 Now COORD UGPE-PAS 435200 113002 PortAtil HP Envy 17 JD1 ISP 1 20.000,00 20.000,00 COMP.=2-13UGPIPDSTDEAF 01/01/2016 Novo MEE MEE-GMTIE I I Total da Conta 48.926,00 (1) - The computer has been stollen and a complained repport was made to the Police authorities, according to complained letter dated June 23, 2016 Ministério da Economia e Emprego UNIDADE DE GESTAO DE PROJECTOS ESPECIAIS PROJECTO DE RECUPERAQO E REFORMA DO SECTOR ELÉCIRICO (PRRSE02) LST OF TANGI BLE FIXED ASSETS For the year ended 31 December 2016 Aount No Descripton Quantity Unit Price Total Amount internat Code aton U dentificon cal 435400 114001 Fotocopiadora Konica Minolta BizHub 2 1 275.000,00 275.000,00 FOTOJ001-14 UGP IGAE 18-11-2014 Now IGAE MiE_IGAE Total da Conta 275.000,00 437100 113001 Tela de Suspenção 1 14.858,00 14.858,00 TELAJ001 - 13 UGP AF 1911112013 NoM ADMINFIN UGPE_GERAL 437100 113002 Router, Draytek Vigor 2828 1 37,270,00 37.270,00 ROUT.1001 - 13 - UGP AF 22/0112013 Nov ADMINFIN UGPE_GERAL 437100 114001 AP10101 Meru Networks 1 78.556,00 78.556,00 ROUTJ002 - 14 - UGP AF 19-09-2014 Noo ADMINFIN UGPE_GERAL Total da Conta 130.684,00 Total of Tangible fixed asets 3.939.630.693,00 Prepared By: Reewed by:y Sanidra Semedo T::var,s José A dade AriuIr[/ /Finance,Officer/ I tor Ministério da Economia e Emprego UNIDADE DE GESTAO DE PROJECTOS ESPECIAIS PROJECTO DE RECUPERAQÄO E REFORMA DO SECTOR ELÉCTIJCO (PRRSE02) LIST OF I NTANGIBLE ASSETS For the year ended 31 December 2016 Accut Description Quantity Unit PrC Total Afmount C,al IAcq tIon dentification 444200 Assistencia Tecnica PWC 1 8.286.684,00 8.286.684,00 NYA 13-01-2012 N/A 444200 Assistencia Tecnica Deloitte 1 157,679,00 157.679,00 N/A 14-03-2012 N/A 444200 Assistencia Teenica Deloitte 1 248.096,00 248.096,00 N/A 14-03-2012 N/A 444200 Assistencia Tecnica PWC 1 8.286.684,00 8.286.684,00 NYA 2307-2012 N/A 444200 Assistencia Tecnica SGS 1 3.295.530,00 3.295.530,00 NYA 07-03-2013 N/A 444200 Assistencia Tecnica SGS 1 3.487.049,00 3.487.049,00 NYA 07-03-2013 NYA 444200 Assistencia Tecnica PWC 1 16.572.830,00 16.572.830,00 NYA 18-04-2013 N/A 444200 Assistencia Tecnica SGS 1 2.722.981,00 2.722.981,00 NYA 0805-2013 N/A 444200 Assistencia Tecnica SGS 1 2.129.503,00 2.129.503,00 N/A 24-05-2013 NYA 444200 Assistencia Tecnica SGS 1 3.555.740,00 3.555.740,00 N/A 31-05-2013 NYA 444200 Assistencia Tecnica SGS 1 2.437.862,00 2.437.862,00 NYA 15-07-2013 NYA 444200 Assistencia Tecnica SGS 1 1.910.447,00 1.910.447,00 NYA 22-07-2013 NYA 444200 Assistencia Tecnica SGS 1 2.849.040,00 2.849.040,00 NYA 12-09-2013 NYA 444200 Assistencia Tecnica SGS 1 2.547.669,00 2.547,669,00 NYA 11-10-2013 NYA 444200 Assistencia Tecnica Sandra Lima 1 544.775,00 544.775,00 NYA 07-11-2013 NYA 444200 Assistencia Tecnica SGS 1 1.809.685,00 1.809.685,00 N/A 10-12-2013 NYA 444200 Assistencia Tecnica SGS 1 1.748.349,00 1.748.349,00 N/A 01-01-2014 N/A 444200 Assistencia Tecnica SGS 1 1.740.019.00 1.740.019,00 N/A 07-01-2014 NYA 444200 Assistencia Tecnica PWC 1 11.046.553,00 11.048.553,00 N/A 28-01-2014 N/A 444200 Assistencia Tecnica SGS 1 1.438.212,00 1.438.212,00 NYA 24-02-2014 NYA 444200 Assistencia Tecnica SGS 1 1.136.811,00 1.136.811,00 NYA 28-02-2014 NYA 444200 Assistencia Tecnica Deloitte 1 956.761,00 956.761,00 NYA 22-07-2014 NYA 444200 Assistencia Tecnica Deloitte 1 410.028,00 410.028,00 N/A 22-07-2014 NYA 444200 Assistencia Tecnica SGS 1 21.515.798,00 21.515.798,00 NYA 03-10-2014 NYA 444200 Assistencia Tecnica SGS 1 11.067.223,00 11.067.223,00 NYA 01-01-2015 NYA 444200 Assistencia Tecnica PWC 1 5.473.334,00 5.473,334,00 NYA 23-02-2015 NYA 444200 Assistencia Tecnica SGS 1 13.445,280,00 13.445.280,00 NYA 26-03-2015 NYA 444200 Assistencia Tecnica Deloitte 1 1.166,557,00 1.166.557,00 NYA 11-05-2015 NYA 444200 Assistencia Tecnica SGS 1 16.457.207,00 16.457.207,00 NYA 15~06-2015 NYA 444200 Assistencia Tecnica Deloitte 1 501.115,00 501.115,00 NYA 1007-2015 NYA 444200 Assistencia Tecnica PWC 1 4.863.128,00 4.863.128,00 NYA 28-08-2015 NYA 444200 Assistencia Tecnica Deloitte 1 1.074.317,00 1.074.317,00 NYA 03-05-2016 NYA 444200 Assistencia Tecnica SGS 1 3.887.560,00 3.887.560,00 NYA 24-05-2016 NYA 444200 Assistencia Tecnica Rafael Cueto 1 743.961,00 743.961,00 NYA 27-05-2016 NYA 444200 Assistencia Tecnica Rafael Cueto 1 408.904,00 408.904,00 NYA 2206-2016 NYA 444200 Assistencia Tecnica Mario Pizanfo 1 998.503,00 998.503,00 NYA 04-07-2016 NYA A transportar 160.923.874,00 Ministério da Economia e Emprego UNIDADE DE GESTÄO DE PROJECTOS ESPECIAIS PROJECTO DE RECUPERA9ÄO E REFORMA DO SECTOR ELÉCTRICO (PRRSE02) LIST OF INTANGIBLE ASSETS For the year ended 31 December 2016 Accnt Description Quantfity Unit Price Totalmount n Identification Transport 160.923.874,00 444200 Assistencia Tecnica Deloitte 1 202.226,00 202,226,00 N/A 22-07-2016 N/A 444200 Assistencia Tecnica Rafael Cueto 1 824.813,00 824.813,00 NIA 15.09-2016 N/A 444200 Assistencia Tecnica Mario Pizano 1 2.670,115,00 2.670.115,00 NIA 30-09-2016 NIA 444200 Assistencia Tecnica Mario Pizano 1 329.290,00 329.290,00 NIA 30-09-2016 NIA Total da Conta 164.950.318,00 445100 Consultoria Mott Macdonald 1 281.507,00 281.507,00 NIA 01-01-2012 N/A 445100 Consultoria Mott Macdonald 1 2.063.786,00 2.063.786,00 NIA 01-01-2012 N/A 445100 Consultoria Mott Macdonald 1 281.507,00 281.507,00 N/A 27-03-2012 N/A 445100 Consultoria Mott Macdonald 1 844.520,00 844,520,00 NIA 08-10-2012 N/A 445100 Consultoria Mott Macdonald 1 1.031.893,00 1.031.893,00 NIA 07-07-2013 N/A 445100 Consultoria Fichtner 1 6.548.831,00 6.548.831,00 NIA 25-02-2014 N/A 445100 Consultoria Fichtner 1 10.914.719,00 10.914.719,00 NIA 21-07-2014 N/A 445100 Consultoria INE 1 2.500.000,00 2.500.000,00 N/A 0849-2014 NIA 445100 Consultoria INE 1 1.000.000,00 1.000.000,00 NIA 17-11-2014 N/A 445100 Consultoria Fichtner 1 6.548.831,00 6.548.631,00 NIA 0946-2015 NIA 445100 Consultoria Fichtner 1 6,54&831,00 6.548.831,00 NIA 15-06-2016 NIA Total da Conta 38.564.425,00 Total of Intangible assets 203,514.743,00 Prepared By: Reviwedbyr Sandrä Se0edo Tavares José Andrade NUlis Game< /Accountant/ . /Financeffcer/ ,Coor;rlzmari ANNEXE 11.5 ÉTAT DE RAPPROCHEMENT DES DEBOURSEMENTS ENTRE LE COMPTE DU PRÊT ET LE COMPTE DU PROJET Ministério da Econornia e Emprego PRRSE - RECUPERACAO E REFORMA DO SECTOR ELÉCTRICO - CABO VERDE PROJECrS FINANCIAL STATEMENTS STATEMENT OF DISBURSEMENTS RECONCIUATION BETWEEN LOAN ACCOUNT AND PROJECT ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2016 PROJECT ACCUNT LOAN ACCOUNT , ~~ ,. ... . .. .A ii T, ," . 4. .1 A 1rM ..iT 14 i i'R ..." lN i l!0I W ' '.,[U -- i KsJn-f1 1D 2 -c i. ':-. -- ." T -- IJ-P:--~. . - . . ' tEi D FERE CE IBi-I 003/UGPFJPRRSEI2012 DirectPa"ent 16.716,00 EUR 18.71600 EUR MotMacdonad 18716,00 EUR 19-09-2012 18,716,00 EUR 0,00 EUR 002/UGPJPRRSE/2012 Direct Panent 8.286.C84,00 CVE 75.15244 EUR PvW 8286. 84,0C 19-09-2012 74.492,62UR 659M2 EUR OO1/UGPEPRRSEt2012 DAAA 956.859,27 EUR 956.859,27 EUR Designated Account - UGPE 956.85927 EUR 20.9-2012 95.859,27 EUR 0,00 EUR SUBIOTAL MOUNTOIS1URSED 2012 1.50.727,71 EUR t5t0$879 £UR 659B2 EUR 008/UGPEJPRRSE/2013 DirectPayment 12209,700,40EUR 12.209,700,40 EUR Wartsila 12209.700,40EUR 16-12-2013 12.209700,40EUR 0,0 EUR 006/UGPEJPRRSE2013 DAA 307.191,24 EUR 307.19124 EUR Designaled Account- UGPE 307.191,24EUR 0-0w2013 307.191ß4EUR 00 EUR 005/UGPE/PRRSE/2013 DA-A 392.761,18 EUR 392761,18 EUR Designated Account - UGPE 389.081,18 EUR 17-062013 389.081,18 EUR 3680ß0 EUR (b) 004/UGPEPRRSE/2013 DAA 52.273,30 EUR 52273,30 EUR Designated fcount- UGPE 52273,30 EUR 04-03-2013 52273,30 EUR 0,0EUR SUITOTMAAMOUNTOiURS D2013 1261.926,42EUR 12ß5812EUR 3.80ß00EU 018/UGPEPRRSE/2014 DirectPaynert 9.161.840,40 EUR 9,161 84040 EUR Wadsila 9.161,840,40 EUR 01-12-2014 9.181.840,40 EUR 0ß0 EUR 0161UGPE/PRRSEJ2014 DAAA 100220,00 EUR 100.220,00EUR DesignaledfAcount-UGPE 100.220,00 EUR 14-10-2017 100.220,00EUR 0,00 EUR 01S/UGPEPRRSE/2014 Diret Paynent 5146.547,20 EUR 5.146,547,20 EUR Warlsda 5.146.547,20 EUR 29-07-2014 5.146.547,20 EUR 0,00 EUR 014/UGPJPRRSE/2014 DA-AA 21.120ß6 EUR 21.120ß6 EUR Designated Account- UGPE 21.12086 EUR 25-07-2014 21.120,86 EUR 0ß0 EUR 013/UGPFJPRRSE/2Gl4 DiecI Pa ent 447.853,00 EUR 447.853,00 SUR Wadsla 447.853,00 EUR 25-07-2014 447.853,0D EUR 0,0 SUR 012/UGPE/PRRSE/2014 Direct Paynent 903.390,00 EUR 903.390,00 EUR Walla 903.390,00 EUR 14,05-2014 903.390,00 EUR 000 EUR 011/UGPE/PRRSEJ2014 DirectPayment 461.959,60 EUR 461,959,60 EUR Wadsila 461959,60 EUR 2-03-2014 461.959,fEUR 000 EUR 010/UGPEJPRRSE/2014 Direct Papent 1.722.644,40 EUR 1.722.644,40 EUR Wartsila 1.722.644,40 EUR 13-032014 1.722,4,40 EUR 000 EUR 009/UGPE/PRRSE/2014 DAPA 36.670,48 EUR 36.67048 EUR DesignatedAccount-UGPE 36.70,48 EUR 13-03-2014 36.670,48 EUR 0,00 EUR 007/UGPE/PRRSE/2014R DAAA 43.140,73 EUR 43.140,73 EUR Designated ccount-UGPE 43.140,73 EUR 0502-2014 43.140,73EUR 00 EUR SUSTOTAL AMOUNTDIOURSED 2014 18.04538,67 EUR 1S4.386,67 EUR 0,0U FPCJE ~ T :'.-iT PL'J ic-'UE T T [- I. Lii- -.' 1 jrpi . .l- T .li- i ,gr :i ian l ':pg pi :1 i,.:-i:-f T. " F: I iH, - IDiFFERENdCE 'H'~ Å*iF . 027/UGPEIRRSEJ2015 DirectPayrmen 594.561,95EUR 594.561,95EUR Wartsila 594,56195EUR 20-10-2015 594S56195EUR 0,00EUR 026/UGPEIRRSE/2015 DA-AA 170.511,67 EUR 170.511,67 EUR Designated kcourt - UGPE 170.511,67 EUR 28-08-2015 170.511,67 EUR 0,00 EUR 025/UGPE/PRRSE/2015 DAAA 100.369,00 EUR 100,369,00 EUR Designated kcount - UGPE 100.369,00 EUR 28-08-2015 100.369,00 EUR 000 EUR 024/UGPE/PRRSE/2015 DA-AA 329.705,45 EUR 329,705,45 EUR Designaled Account - UGPE 329.705,45 EUR 28-08-2015 32970.45 EUR 0,00 EUR 023/UGPE/PRRSE/2015 Direc1 Payment 734.439,05 EUR 734.439.05 EUR Wartsib 734.439,05 EUR 30-07-2015 734.439,05 EUR 0,0EUR 22 Drect Payment 1182.292,05 EUR 1,182.292,05 EUR Warsila 1.182.292,05 EUR 25-06-2015 1.182.292,05 EUR 0,00 EUR 021/RRSE1UGPE/2015 Direct Payment 740 813,35 EUR 740.813,35 EUR Warsda 740.813,35 EUR 21-05-2015 740.13.35 EUR 0,00 EUR 017/UGPE/RRSE/2015 DA-AA 12.99900EUR 12,999,00EUR DesignatedAccount-UGPE 12.999,00EUR 11-05-2015 12.999,00EUR 0,00EUR 020/UGPEIRRSE/2015 DirectPament 895706,00 EUR 895.706,00 EUR Wartsila 895706,00 EUR 18-03-2015 C95.706,00 EUR 0,00 EUR 019/UGPE/PRRSE/2IS DirectPayment 244,035,60 EUR 244.035,60 EUR Warmsila 244.035,60 EUR 21-01-2015 244.035.60 EUR 0,00 EUR DA-AA 51 02847 EUR 51.028,47 EUR Designated ccount - UGPE 51.028,47 EUR 21-01-2015 5t028,47 EUR 0>00 EUR RI9!! ICPF!/PRRSF/?016 _______________________________ StIRTOTAL AMOUN DISBURSED 2015 5,056.416f1,59 EUR 5056AO,59:EUR OD0EUR 033/UGPE/RRSE/2016 DA-AA 24549555 EUR 245.495.55 EUR Designated Accont - UGPE 245.495.55 EUR 23-11-2016 245.495,55 EUR 000 EUR 032/UGPE/RRSE/2016 DA-AA 42121,00 EUR 42.121,00 OUR Designated Account - UGPE 42.121,00 EUR 21-09-2016 42.121,00 EUR 0,00 EUR 031/UGPE/RRSE/2016 Direct Payment 613.88005 EUR 613.880,05 EUR Watsila 613.880,05 EUR 03-08-2016 613.880,05 EUR 0,DO EUR 030/UGPE/RRSE/2016 DA-AA 175.414,00 EUR 175.414,00 EUR Designated Accounl - UGPE 175414,00 EUR 03-08-2016 175 414,00 EUR 0ß0 EUR 029/UGPElRRSE/2016 DA-AA 289 319,34 EUR 289.319,34 EUR Designated Account - UGPE 202,523,34 EUR 25-04-2016 202.523,34 EUR 86.796,0 EUR 028/UGPE/RRSE/2016 DA-AA 274.256,02 EUR 274.256,02 EUR Designated ccount - UGPE 274,256,02 EUR 30-03-2016 274.256,02 EUR 0,DO EUR 5LBTOûåL i#NmuN OSaLIRSED iw 1.640 485.96 EUR 1 553.689.9 EUR 86J96 00 EUR YOTL MØU ,T DISBuR, E D 38 754.988 05 EUR 38 653 852 23 EUR B 135 82 EUR (a) AwaSing WB explanawon as CVE as ied exchange rat with EUR (b) The dilarene rrespond l an amn tpaidDeoad efes tr a cniactcelebraed during PPF. The mrac was not in the sysbm at te da ofte applCaflan, - .r - - . . -: 'rc1ii .. ......... ......... . (c) Amourr recovery by the WB relatedt b he dnal advance ætheSeialAccont Preaared by-: Bev wedtotDTV0~ ANNEXE III PHOTOS DOCUMENTANT DES REALISATIONS PHYSIQUES DU PROJET DANS L'EXERCICE - - - Ateer d'Electra qui a reçu les biens acquis par le Projet Eupments dans litérieur de latelier d' Electra r.. - -e -me - . HI. . f * -1 - -