2 2a, Chust street, Tashkent, 100077, Uzbekistan 2 Tel/Fax: (998-71) 262-50-70, 262-50-90, 262-08-47 R E-mail: reception(&ciar.uz; reception(aciargroup.net www.ciar.uz IDA CREDIT NoA896-UZ AND No.5231-UZ "HEALTH SYSTEM IMPROVEMENT PROJECT" / "HEALTH 3" INDEPENDENT AUDITOR'S REPORT ON SPECIAL PURPOSE FINANCIAL STATEMENTS FOR THE PERIOD FROM 01 JANUARY 2017 TO 31 DECEMBER 2017 `Je3 :e ce- e. -rc C-7[VA G7VCLY NT E7 NAIONAL CONTENTS CONTENTS..2....... ............... 2 INDEPENDENT AUDITOR'S REPORT 3...-... » ..- 3 STATEMENT OF SOURCES AND USES OF FUNDS.. 5 STATEMENT OF USES OF FUNDS BY PROJECT COMP FNT S 7 SU MMARY ST ATEMENTOFSOE......... 8 BALA,N'CE SHEET 9.......... ........ 9 STATEMENT OF PROJECT'S USD SPECIAL ACCOUNT 10 STAT EMENT OF PROJECT'S UZS SPECIAL ACCOUNT 11 NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS 12 1 PROGRAM BACK.ROU D... 12 2 PROJECTACCOUNTiPOLic 13 3 15 4 PFr,EE L AEMENTS 18 5 F S 6 C AND CAS EQ \ A 19 S RT M 21 8 L22 9 STE F( c~- D23 10 PROJECT UDET PERFORAN 23 13 PROJECTLSA s 2 14 TAxE 25 15 REC DACREI N N 16 EVENT AFE RPRT' DT2 17 S A,MNO PROE SUZS BULET ACCT 26 18 S PROC SUSDBDI ACOUNT 26 19 STATMEN O C UZSB ACC 2 2 0 STAET _FCPB_ SD TRNI DGAC T2-7 21 SCP SEURM 28 22 STA O CPB3UZSMI ACCOUNT 28 23 STAE FPIB 1 й � ° � н м' н` O0 оо : и ' � ;3�•��' � ' `n i й ' �' � I v `о � й ; t ; , i � , � �� ' ;V � �i i rn i � � ' , ; , •с ; N ; н......'..... и � ' I м , :........._......_......_._._._._.,....._...� .........:....._.�- : .�._._.;.__....�.�.. _ ......_.._..._...._ ......._._...._. �....... 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I � � Q- = р : . й<г � �! �:г`'? �,г� С�:- ; L'<- Z; си ; а: о� _ Q Х �� . . : • �. � . - : jr �� _;г ir ' U) Ш и • i�. ; ri сЛ а; ri ; , �t j Е- ; �' I ,_.._.._...._._._ .................__...........__..,...._...............i......__...........:_..._.�_. _;. ' н , , м ; � ._ ...................._......... ---....._.........................._._.............._.....�..._...... .._......__......: i I 1 "Health System Improvement ProjecC / "Health 3" IDA Credit No. 4896-UZ and No. 523 l-UZ 8 SUMMARY STATEMENT OF SOE As of 31 December 2017 (USD) .............. ............. . ........... . . . . ........... .. ........................ ............. . . .. . .................. . ..... ...................... ............. ............... . . ......................... . .................. . ....... .......... . .... . . . .......................... .... . ............ .... No. of Category D ate of W ithdraw al A pplication ................................... . ............... .................. . .............. .... . ........ . ............... .. .. ................ ....... .. .. ................ . Withdrawal I application i Amount 1. Goods, Consultant's services, Tralining application i and Incremental Operafing Costs ...................... I .............. 1... ................ . ....... - .. .. .. ..... ..... .............. . - -- . . . ........................ .......... ................................... I ............. . .... . ......... . ................. . .............. .. ..... . .. ................. . . ..... ... . ............. ................ . . .. . ........ .. . . . .. .. ...... 156 11.01.2017 194267,07 194267,07 .............. .... . . ...................... ...................................... ......................................................................................... ............ ... .. ............ ......... ......... . ...... ........................ .......... ..................... ... .......... . . . . . ................................ . ......................... .... . ....... . . .......... ....... .............. 159 3 77 13.01.2017 119 2 0 119327,70 ................ I .................. ... ........... ................ . .... ..... . .. .............. .. .. ................. ..... .. .. .. . .. .. .. ............... ............ .. . ........ ... . . . ............ . ........ .............. ..... ............................. ................. ............... ....... ........ ............ . ............. . . .......... - . . ...... - - ............ 168 09.02.2017 340692,65 340692,65 ........... - ................. ............. ............ ...... ..................... ý-~ ............ . ......... --- . ........ . ........... ... --------- ......... . . ... . ....................... . . . .... . ......... . . ............. ....... . ............ . ........ . ...... . . . ..... . .... . .... . . . .... . ............. . ......................... .. . . ........... .. ................... . . 171 15.03.2017 84724,15 84 724,1 b ........................................ ... ................................. . ................... . .. .. - .... . ... . .......... . .................... . ........... ....... . ................ .............. . . . ............................. ....... ................... . .. . .... ........ .. .. ......... . . . ... . ....... ... - 172 29.05.2017 231 272,78 231 272,78 ..................... . ................ . ... .......................... .. ................................ . .................. I .............. ......... . .................. ..... .. ..... .... ....... ..... .... ....................... .. . ..... ................. .................................. ............................ .. ..... . ... . ............................................... ..... .................. . ............ . ................ - ........ 176 17.08.2017 35241 35241,11 ........................................................ .... . .................................. ............................................... ................. . ....... ............ ................. ...... . ............. ..... . .. . . . ... . .. . ................................ .. . ........ . ... .. .. ........ ................. . .. .. ...... .................. ... .... 177 17.08.2017 178 960,13 178960,13 .............. . . . . . . ......................................... ..... ........................ ......... 11.1 ........................................ ... ... ....... . ..... . ... . . ....... ............... ... ......... .. ..... .. ............. .......... . ......... 1......1 .............. ............ . ... .. ..... . . . ... . .. . ........ ..................... . .................. . .. . . .. . . .... . ................ .. ......... . ..... . ...... . .. 178 17.08.2017 63498,68 63498,68 ............ . .... . ... .. ...... ........... ..... . ......... ........ .... . . . . .. ....... . ... .......... ......................... . . ...................... .. .............................................. . . . ........ ........................... . . . .... . . . . . . ......................... . ....... . ..... . ---- - .................. ............... . . . . ......................... 184 27.10.2017 91480,07 91480,07 ........... ... .................. .................................... ...... ......... .. ............ .. ---- .... ..... .... I ... .............. .... ........... . . ....................................................... ...... . .. ........... ................... ........... . . .............. ..... .... . .. . ................. .. .. . ......................................... ............. . ....... .. .. ....... ... .. . ... .. .... . . ........ .......... 185 27.10.2017 l 10429471 104294,71 .............................................. ................. .......................... ..... .. ..... ....... ... ......... ............. I.... .. .. . .. ........ .......... . 1*1,11,11,11,11,11,1*1111--",-,--","**","IIIIIIIIIIIIIII**Ill",1,11,11,11,11"*,*"",-'1 ............. . 11,1111.1 . . . .... ...... ... 186 27.10.2017 62895,35 62895,35 .... . ......... ............. .............. ............. . . . . .... .................................................... . . ... . .. . . ........................... . .. ...................................... ................... ... ... ............ ................ . ............... . ............. .......................... . ..... ................ ................................ . . . ..... .......... .... ........ . ....... Total 1506654,40 1506654,40 ........................ . . ....................................... - ................ .............. ............. ............. ...... ........................ ............ ... ... ....................... . ............... . . ............. . .. ................................... .................. ......... . .. ......... .............. ...... Signed by management on 01 March 2018 R. A. Ishankhodj*V Sh. N. Åtakhanov Executive Directokf thå Cpl Financial Manager, Accountant of the CPIB Summary Statement of SOE is to be read in conjunction with Notes (Pages from 12 to 30) thereto forming an integral part of the Special Purpose Financial statements. "Health System Improvement Project"/ "Health 3" IDA Credit No.4896-UZ and No.5231-UZ 9 BALANCE SHEET As of 31 December 2017 (USD) Indicator Note as at 1 January, as at 31 December I 2017 2017 ASSETS Cash and cash equivalents 6 245 530,09 143 235,83 TOTAL ASSETS 245 530,09 143 235,83 OWN FUNDS/FINANCING IDA financing 7,8,9 74 048 036,89 92 640 486,93 GOU financing 5962 168,00 6928 340,18 Other inflow 105 801,08 118 369,54 Project cumulative expenditures (79 823 618,09) (99 448 093,72) Other expenditures (46857,79) (95 867,10) TOTAL OWN FUNDSIFINANCING 245 530,09 143 235,83 Signed by management on 01 March 2018 R. A. Ishankh ev Sh. N.ahao ' J Sh. N. Atakhanov Executive Direc _ the Financial Manager, Accountant of the CPIB Balance Sheet is to be read in conjunction with Notes (Pages from 12 to 30) thereto forming an integral part of the Special Purpose Financial statements. "Health System Improvement Project"/ "Health 3" IDA Credit No.4896-UZ and No.5231-UZ 10 STATEMENT OF PROJECT'S USD SPECIAL ACCOUNT for 2017 Account No: 2021 0840 1049 4777 1002 Depositary bank: JSCB "Invest Finance Bank" Address: 18 "b", Navoiy street, Tashkent, Uzbekistan Related Credit 4896-UZ Currency: USD USD Balance as at 01 January, 2017 184 705,42 Inflow: IDA Financing 1 506 654,40 Total inflow: 1 506654,40 Outflow: Expenses on related categories 845 703,14 Sale of foreign currency 554 225,00 Transfer to the FF PIU USD Accumulated Account (pis. see Note 2.5) 162 600,00 Transfer to the CPIB's EUR Main Account 9 935,28 Total Outflow: 1 572 463,42 Balance as at December 31, 2017 118896,40 Signed by management on 01 March 2018 R. A. Ishankhodjev ISh. N. Atahanov Executive Directo of te CPI Financial Manager, Accountant of the CPIB Statement of Project's USD Special Account is to be read in conjunction with Notes (Pages from 12 to 30) thereto forming an integral part of the Special Purpose Financial statements. "Health System Improvement Project" /"Health 3" IDA Credit No. 4896-UZ and No.5231-UZ 11 STATEMENT OF PROJECT'S UZS SPECIAL ACCOUNT for 2017 Account No: 2269 6000 8049 4777 1001 Depositary bank: JSCB "Invest Finance Bank" Address: 18 "b", Navoiy street, Tashkent, Uzbekistan Related Credit 4896-UZ Currency: UZS USD 000' UZS Balance as at 01 January, 2017 0,18 0,56 Inflow: Proceeds from sale of foreign currency 554 225,00 2 317 805,18 Transfer from FF FIU UZS Accumulated Account (pls. see Note 2.5) 162 600,00 1 314 749,22 Transfer from Project's UZS Bidding Account 1 819,73 12 159,00 Total Inflow: 718 644,73 3 644 713,40 Outflow: Expenses on related categories 516 019,62 2 597 965,19 Transfer to the CPIB's UZS Main Account 10 569,97 55 097,08 Transfer to the CPIB's UZS Transit Account 173 699,57 872 759,42 Transfer to the Project's UZS Bidding Account 17648,39 113 148,57 Total Outflow: 717 937,55 3 638 970,26 Balance as at December 31, 2017 707,36 5 743,70 Signed by management on 01 March 2018 R. A. Ishankhodjaev Sh. N. Atakhanov Executive Director of the CPIB Financial Manager, Accountant of the CPIB Statement of Project's UZS Special Account is to be read in conjunction with Notes (Pages from 12 to 30) thereto forming an integral part of the Special Purpose Financial statements. "Health System Improvement Project" /"Health 3" IDA Credit No.4896-UZ and No.5231-UZ 12 NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTS for the year ended 31 December 2017 1. Program background On April 7, 2011 the Board of Directors of the World Bank (hereinafter - WB, Bank) has approved the financing of the <) with participation of the WB International Development Associations Ministry of Health of the Republic of Uzbekistan (hereinafter - Ministry) is an executive agency responsible for the target and effective use of credit proceeds and Project implementation. In order to optimize logistics and economic effectiveness, based on Joint Project Implementation Bureau "Health 2" and < was created Central Project implementation Bureau < (hereinafter - CPIB) and 14 Regional Project Implementation Bureau (hereinafter - CPIB). The CPIB is a legal entity in its operations governed by the its by-laws registered by the Resolution 006918-04 dated 21 October 2011 of the Khokim of Mirzo-Ulugbek district of Tashkent City CPIB is a public non-commercial enterprise with the following main objectives: * To achieve the goals and objectives of the Uzbek Health-3 project financed by the IDA credit as well as other projects to be implemented by the CPIB; * To establish and enable Monitoring and Evaluation system for the project implementation; * To ensure the targeted and effective timely disbursement of project funds for the project implementation; * Procurement of goods and services, training arrangements in line with the IDA and national regulatory requirements; * Providing assistance to the CPIB in achieving Project's goals and objectives. CPIB is located at: 51, Parkentskaya Street, Tashkent, 100007, Republic of Uzbekistan. The Project consists of the following components: Component 1: Improving Health Service Delivery - Sub-component 1.1: Hospital Services Improvement - Sub-component 1.2: Primary Health Care Development - Sub-component 1.3: Clinical Quality Enhancement "Health System Improvement Project"/ "Health 3" IDA Credit No.4896-UZ and No.5231-UZ 13 Component 2: Strengthening Health Financing and Management Reforms Component 3: Strengthening of the System for NCD Prevention & Control - Sub-component 3.1: Health Promotion and NCDs Prevention - Sub-component 3.2: Strengthening NCD Surveillance System Component 4: Project Management The expected life of the Project under the Investment Program defined the 2011-2018 years, including initial financing for 2011-2016, and supplementary financing for 2013-2018. IDA credit proceeds under the Project implementation are available to cover the following eligible costs: No. Category I!DA Financing 1 Goods, Consultant's services, Training and Incremental Operating Costs, incl.: 186 000 000 Goods 165511 400 Consultant's services 6087220 Training 8917600 Operating costs 5483780 Total 186000000 Government proceeds under the Project implementation are available to cover the following eligible costs: No Category GOU Financing I Goods, Consultant's services, Training and Incremental Operating Costs, inc.: 16 414 090 Goods 9533320 Consultant's services 3204440 Training 1 840 900 Operating costs 1 835430 2 Financial costs in the investment period 4 112 840 3 Exemptions from taxes and duties 47979600 Total 68 506 530 The Government contribution includes the payment of a unified social tax, income tax, social charges, INPS (Personal Defined Contribution Pension Account), agents' commission fees, taxes I duties, etc. 2. Project Accounting Policy These Special Purpose Financial Statements have been prepared, in accordance with requirements of International Public Sector Accounting Standards (hereinafter - IPSAS) issued by the International Public Sector Accounting Standards Board of the International Federation of Accountants, following the cash flow basis and compliant with the World Bank recommendations. 2.1. Basis for the preparation of the Special Purpose Financial Statements Statement of Sources and Uses of Funds, Statement of Uses of Funds by Project Components, Summary Statement of SOE, Balance Sheet, Special Accounts Statements and Notes to the Financial Statements are developed to reflect operations conducted in the Project's framework. Statement of Sources and Uses of Funds, Statement of Uses of Funds by Project Components, Summary Statement of SOE, Balance Sheet and Special Accounts Statements are developed based on cash flow basis in accordance with below-stated principles. 2.2. Financing Financing of the Project is considered as actual in the following cases: "Health System Improvement Project"/ "Health 3" IDA Credit No.4896-UZ and No.5231-UZ 14 1. IDA Financing: * when suppliers of material resources or services are paid by the IDA from the Credit Account (hereinafter - Credit Account) under Direct payment procedures or by the Letter of Credit; * when the funds from the IDA's Credit Account were transmitted to the Project Special accounts (hereinafter - the Special account) opened with Joint-Stock Investment Commercial Bank (drnvest Finance BANK>) (hereinafter - JSCB 'InFinBANK). 2. Government financing: * Once the funds are transferred from the MOF accounts to the CPIB accounts (budget accounts) opened in the Treasury Ministry of Finance of the Republic of Uzbekistan; * In kind of tax and duty exemptions accounted on the basis of the certificates (notes/letters) furnished by the Project suppliers and subcontractors subjected to the general taxation requirements (VAT, mandatory contributions and fees to the public ear-marked funds, customs fees). 2.3. Expenditures The Project expenditures are recognized as such and stated in the financial statements when the payment is made to suppliers of goods, works and/or services. The payments are made either directly from Credit account administered by the IDA, or by the Letter of Credit, or from Special and Budget accounts. 2.4. Additional sources of financing and other expenses Additional funds were received as proceeds from sale of bid documents. 2.5. Reporting currency and exchange rate methodology The reporting currency of the Project is US Dollar (USD). A part of financing and expenditures is made in USD, through Direct Payments and by the Letter of Credit. CPIB has USD Accounts and EURO Account: USD Special Account ("Project's USD Special Account"), EURO Account ("CPIB's EUR Main Account"), Account for receipts from proceeds of sale of bid documents ("Project's USD Bidding Account"), Transit Bidding Account ("CPIB's USD Transit Bidding Account"), Account for receipts from proceeds of bid security (CBIP's USD Bid Security Account"). Besides, CPiB has Uzbek Soum (UZS) accounts: Special Account ("Project UZS Special Account") used to convert funds, Budget Account ("Project's UZS Budget Account") used for financing by the MOF, Account for receipts from proceeds of sale of bid documents ("Project's UZS Bidding Account"), Main Account ("CPIB's UZS Main Account") used to pay salary to staff, Transit Account ("CPIB's UZS Transit Account") used to transfer salary to staff on plastic cards, Corporative Plastic Cards used to CPIB's operating costs and Pension Account for the receipt pensions and benefits. Pursuant to the Presidential Decree No.5177 dated 02 September 2017 as of 05 September 2017, the foreign exchange can be freely purchased for the national currency. Commercial banks are free to charge exchange commissions at their discretion. Following up the changes and modifications introduced on 19th October 2017 to the Provisions on the Order of Flour Mills to accumulate the portion of the sales proceeds from fortified flour' and on 161h October 2017 to the Provisions on the Order of accumulating the portion of the sales proceeds from iodized salt, the CPIB has approved opening of the special accounts in servicing banks to accumulate funds in national currency and foreign exchange to be used for procurement of the fortifiers (micronutrients) under the implementation of the Project 'National program of the flour fortification' (hereinafter - FF PIU). CPIB is responsible for the implementation of the Project 'National program of the flour fortification'. In this connection, starting from 10th October 2017 the Project foreign exchange in UZS is carried out on the account of the FF PIU Project through the transfer of Project foreign exchange in USD to the accumulating accounts of the FF PIU Project. For preparing Project's financial statements the following principles of foreign exchange rate conversion used: * for receipts and expenses in local currency (UZS) attributed to co-financing, the rate of Central Bank of Uzbekistan (CBU) effective at the date of receipt. "Health System Improvement Project" / "Health 3" IDA Credit No.4896-UZ and No.5231-UZ 15 * for IDA funds, expenses in UZS are restated in USD at the Central Bank of Uzbekistan (CBU) exchange rate (up to 5 September 2017 and 10 October 2017) and acquiring commercial bank exchange rate (from 5 September 2017 to 10 October 2017), effective on the date of conversion; a IDA fund expenditures under the procedure of Direct payments in currency other than US dollar are exchanged into US dollars according to the Client Connection; • IDA funded expenses in EURO are converted into USD at the CBU exchange cross rate effective on the date of conversion, EURO: UZS respectively. Closing balance in the CPIB UZS bank accounts are recorded at the respective CBU exchange rate effective on the date of conversion\receipts. 3. Adjustments to the opening balance In 2017, the Project has introduced adjustments in the Financial Statements for the period from the Project beginning to December 31, 2016. Respective adjustments to the Project Special Purpose Financial Statements for the period from the beginning of the Project to 31 December 2016 are given below: 3.1. Statement of Sources and Uses of Funds (SSUF) ndicti Cumulative to 31; Cumulative to 31 Inlao Adjustments Decen1ber21December2016 Govemment Funds GOU counterpart financing in cash 5 961 986,36 181 64 5962 168 00 Total Government Funds 5 961 986,36 181,64 5 962168,00 Tota! on direct financing 80 010 023,25 181,64 80 010 204,89 TOTAL FINANCING 80 115 824,33 181,64 80 116 005,97 Expenses Direct Financina Funds ..........~~~~ ~~~~ .. ......... ..... ........... ...... ...... ...................... . .... ... ... ..................... . 1. Goods, Consultant's services, Training and lncrernental Operatng Costs - Goods 72 645 895,37 181 533,36 72464362,01 Consultant's services 1 513 735,93 8515,55 1 522 251,48 Training 3 195 053,32 (2 880,22) 3 192 173,10 Operating costs 2468933,40 175898,10 2644831,50 Total 79 823 618,02 i 0,07 79 823 618,09 Other Funds Other 46661,61 196,18 4685779 Total 46 661,61 196,18 46 857,79 -,196,25 79 870 475,88 Excess of Receipts over Payments 245 544,70 (14,61) 245 530,09 Net Available Funds 245544,70 (14,61) 245530,09 Cash Balance as at December 31 Projects UZS Bidding Account 24915,64 (14,61) 24901,03 Total 245 544,70 1(1 4,61) j 24553,9 Key causes of adjustments introduced to the Statement of Sources and Uses of Funds are the following circumstances: - SSUF does not include the payment made on 21st December 2013 by the Government of Uzbekistan for total of UZS 400 thousand (in equivalent of USD181,64) as reimbursement of customs procedures costs; - Cost for goods include payments in 2015 to the General Motors Uzbekistan under the contract No.HP/ICB/14/04-2 507-1/15 IM-6 dated 20th March 2015 for total of USD181 533,36 for procurement of vehicles for the RPIU that is incorrect since this transaction should be reported as operational costs. "Health System Improvement Project" /"Health 3" IDA Credit No.4896-UZ and No.5231-UZ 16 3.2. Statement of Uses of Funds by Project Components Key adjustment introduced to the Statement of Uses of Funds by Project Components is the reclassification of the medical equipment procured for the central multi-task and urban family polyclinics that was initially accounted under the sub-component 'Improving hospital care' and lately updated and classified for the sub- component 'Development of primary health care'. Major reclassified contracts are following below: Suppliers Contract Medical equipment Amount "Caetano Group Ltd", No. HP/ICB/15/06-1 507-1/16 Computers and displays 451581750 Cyprus. IM-13 dtd 22.02.2016 "Carecamp inc" Republic of No. HP/CB/15/02-3507-iii5 Defibrillators with display 654444,00 Korea IM-77 dtd 30.12.2015 ora. .......... "Eastern Trading House SA" No. HP/ICB/14/01-2 507-1/15 Gastrofibroscope (with lighting) 1128492,00 (Switzerland) MM-3 dtd 24.03.2015 "Hengshui Hengze Kang No. HP/ICB/14/03-4 507-1/15 Medical Equipment Co.,Ltd., Ob&Gyn tables and beds 514 032,81 . IM-86 dtd 14.12.2015 China No. 507-1/12 IM-23 OT Ultrasonic scanner with colour Doppler mbnet AG" (Switzerland) I- 07821 an,3snosi 1 368 020,16 07.08.2012 1and 2, 3 sensors No, HP/ICB/12/02-1 507-1/12 Gastrofibroscope (with the 1 6 848,73 IM-50 dtd 28.12.2012 lighting/torch) 'MN Medical OU" (Estonia) - --i-)-.-- - ----..-.. --.-----. --.--- - - No. HP/ICB/13/04-4 507-1/14 IM-4 dtd 17.03.2014 Set of gynaecological tools 2 531 213,81 ....... ...... .... ..... ........ 4.. ........ No. HP/ICB/13/04-11 507-1/14 Medical scale for adults, children and 618 299,20 IM-1 1 OT 05.02.2014 new-borns and etc. No HP/ICB/13/047 507-1/14 Sphygmomanometer with phonendo IM-7 oT 05.02.2014 scope, physician, obstetrician 679 980,81 1stetoscope and etc. "Raduga Central Asia Trading Co., Ltd' (China) No. HP/ICB/13/04-9 507-1/14 Various sterilizing boxes for dressing 580 475,00 IM-9 OT 05.02.2014 materials No. HP/ICB/14/07-1 507-1/15 Set of camertones, special 1 1 041 280,00 IM-78 dtd 12.12.2015 otolaringological chair, audiometer No. HP/ICB/15/02-2 507-1/15 Computer ECHOEG, 16-channel IM-76 dtd 12.12.2015 electroencephalograph 1471500,00 No. HP/ICB/12/02-10 507-1/12 Refrigerator/Freezer for 140 and 200 1, i 687 666,471 IM-48 dtd 12.12.2012 and etc. No. HP/ICB/14/01-1 507-1/14 Ultrasonic scanner with colour Doppler IM-77 dtd 10.11.2014 and 2, 3 sensors International Trade Co,, Ltd" td"- . .-. - - - . * - - - -- (China) No. HP/ICB/14/02-4 507-1/14 Refrigerator/Freezer for 140 and 200 I, 831 59750 IM-64 dtd 15.10.2014 and etc. I No. HP/ICB/14/07-4 507-1/15 Indirect and direct ophthalmoscope, 675 000,001 IM-81 dtd 12.12.2015 contact tonometer and etc. No. HP/ICB/13/04-15 507-1/14 "Yiwu Electric Trading IM-14 dtd 24.02.2014 Ophthalmoscope / Otoscope Co.,Ltd" (China) No. HP/ICB/13/04-5 507-1/14 Aoeam r760 ;Auto refractometer 799 680,00i IM-5 dtd 24.02.2014 Statement of Uses of Funds by Project Components has had adjustments introduced due to the reclassification of costs as well as budget by the Project Components and sub-components (pls. see Table No.1). "Health System Improvement Project" / "Health 3" IDA Credit No.4896-UZ and No. 5231-UZ 17 Table No.I Actual Budget Unused Funds Components Cumulative to- umulative to Cumulati oumuatveto Curnative t Cumulative to 31 December Adjustments 31 December 31 December Adjustments 31 December 31 December Adjustments 31 December 2016 2016 2016 212016 21 I. Improving Health Service Delivery 75 840 920,80 57 922,87 75 898 843,67 85 614 071,08 4006 108,37 89 620 179,45 9 773 150,28 3 948 185,50 13 721 335,78 1.1. Hospital Services lmprovement 72 756 357,83 (26 443 696,85) 46 312 660,98 82 316 426,43 (14 185 648,27) 68 130 778,16 9560068,60 8 1.2. Primary Health Care Development 77252,89 26 529 129,78 26 606 382,67 80781,09 14 973 084,69 15 053 865,78 3528,20 (11 556 045,09) (11 552 516,89) 1.3. Human Resource Qualitymancemsuret 3 007 310,08 (27 510,06) 2 979 800,02 3 216 863,56 3 218 671,95 6435535,51 209 553,48 3246 182,01 3455735,49 Quality Enhancement 2. Strengthening Health Financing and 316 794,93 (12 150,46) 304 644,47 339 659,81 44 380,21 384 040,02 22 864,88 56 530,67 79 395,55 Management Reforms 3. Institutional - Strengthening on NCD 388 426,62 (30 214,65) 358 211,97 400 211,55 (14 634,55) 385 577,00 11 784,93 15580,10 27365,03 Prevention Control 3.1. Health Promotion and 3NCDsl Pr tion a 169 778,35 (32 764,90) 137 013,45 179 545,08 (40 768,17) 138 776,91 9 766,73 (8 003,27) 1 763,46 NCIDs Prevention 3.2. NCD Surveillance 218 648,27 2 550,25 221 198,52 220 666,47 26 133,62 246 800,09 2 018,20 23583,37 25 601,57 4 Project Management 3 277 475,67 (15 557,69) 3 261 917,98 3 359 735,98 230 231,61 3 589 967,59 82 260,31 245 789,30 328 049,61 Total Project Expenses: 79 823 618,02 0,07 79 823 618,09 89 713 678,42 4266 085,64 93 979 764,06 9 890 060,40 4266 085,57 14 156 145,97 "Health System Improvement Project" /"Health 3" IDA Credit No.4896-UZ and No.5231-UZ 18 3.3. Balance Sheet as at 31 December, 2016 as at 31 as at 31 Indicator Adjustments December 2016 D..... .ec..ebr 2016 ASSETS Cash and cash equivalents 245 544,70 (14,61) 245530,09 TOTA.LASSETS 245544,70 (14,61) 245 530,09 OWN FUNDS/FINANCING IDA financing 74 048 036,89 0,00 74 048 036,89 GOU financing 5961 986,36 181,64 5962 168,00 Other inflow 105801,08 0,00 105801,08 Project cumulative expenditures (79 823 618,02) (0,07) . (79 823 618,09) Other expenditures (46 661,61) (618) (46 857,79) TOTAL OWN FUNDSIFINANCING 245 544,70 (14,61) 245 530,09 Adjustments were introduced to the balance sheet due to the concerns narrated in the Note 3.1. 4. Presented financial statements Project Special Purpose Financial Statements are generated and produced by the CPIB and have been signed for and on behalf of CPIB Executive Director Mr. Ishankhodjaev, and Financial Manager and Accountant of CPIB Mr. Atakhanov on 01 March 2018. Project Reporting Period is the same as conventional calendar year. The Project Financial Statements have been prepared in line with IPSAS based on the cash flow method: 4.1. Statement of Sources and Uses of Funds During the reported period, the Project was funded: V by IDA in the amount of USD 18 592 450.04 - financing USD 17 085 795.64 (Credit No.4896-UZ USD 7 259 146.84 and Credit No.5231-UZ USD 9 826 648.80) under the Direct Payment Procedures (pis. see Note 7) and under the Letter of Credit Procedure (pis. see Note 8), USD 1 506 654.40 replenishment of the Project USD Special Account under the SOE Procedure (pis. see Note 9) / by GOU counterpart financing for the amount of USD 966 172.18 in cash to cover the Project recurrent costs. Other funds and expenditures include financing and expenses on bidding funds. This amount is not reported in the Statement of Uses of Funds by Project categories/components, since these funds are not direct financing of the Project expenditures. The total Project expenditures in 2017 amount USD 19 624 475.63 including IDA Funds USD 18 658 303.45 (Credit No.4896-UZ USD 8 831 654.65 and Credit No.5231-UZ USD 9 826 648.80) and GOU Funds USD 966 172.18. 4.2. Statement of Uses of Funds by Project Components This Statement has detailed the information on the Expenditures of the Project Reported Period by the Project components and sub-components. 4.3. Summary Statement of SOE This Statement has detailed the information Statement of Expenditures of the Project Reported Period withdrawn to IDA. 4.4. Balance Sheet This report includes data on the accumulated Project funds, financing and cumulative Project expenditures as on December 31, 2017. "Health System Improvement Project"/ "Health 3" IDA Credit No.4896-UZ and No.5231-UZ 19 5. Fixed Assets The fixed assets of the Project consist of office equipment, furniture and vehicles purchased for the use of CPIB for the period of the Project implementation. Cost of the fixed assets includes purchase price and other direct acquisition costs (custom duties and consumables). Costs of current refurbishment and maintenance are accounted when they occur and entered in the Accounts as Project expenditures. Fixed assets administered by the CPIB and procured from the Project funds are structured as following: Office equipment 1 Furniture Vehicles Others Total At 1 January 2016 128150 36 425 33 798 13 632 212 005 Purchase 525 --525 Disposal - - - At 1 January 2017 128 675 36425 33-98 13 632 212 530 Purchase 21670 1 116 12 706 996 36 488 Disposal - (16402) - (16402) At 31December 2017 150345 37 541 30102 14628 232616 During the period from January 1, 2017 to December 31, 2017, the Project has procured automobile "Lacetti- 2" in amount USD 12 706, computers and laptops in amount USD 21 670, and furniture and other fixed assets in amount USD 2 112. Also the Project balance has had written off the vehicle "Daewoo Lacetti" with value of USD16 402 due to its being transferred to the Ministry of Health of the Republic of Uzbekistan. 6. Cash and cash equivalents CPIB opened a number of bank accounts in the Joint Stock Investment Commercial Bank 'InFinBANK". The Project's accounts and their purposes are listed below: 6.1. Project's Special accounts The Project has two Special Accounts: USD and UZS (IDA Credit No.4896-UZ and No.5231-UZ) for financing eligible expenditures from IDA Credit. During the reported period the Special Accounts was used for paying to suppliers as well as to cover operational expenditures of CPIB. During the period from 01 January 2017 to 31 December 2017 the USD Special Account receipt was USD 1 506 654.40 (IDA financing). Total expenditures paid from the Special Accounts for the reporting period is amount USD 1 361 722.76. 6.2. Budget account (Note 17) Budget account is used to cover expenditures, funded by the Government. This account receives remittances from the Ministry of Finance's accounts. Total amount of Government financing for the period from 01 January 2017 to 31 December 2017 comprised USD 966 172.18 in UZS equivalent. The total expenditure incurred for the reporting period from the budget account is USD 966 172.18. 6.3. Bidding Accounts (Notes 18, 19) Project maintains two Bidding Accounts - one in USD and one in UZS - used for depositing cash proceeds from the sale of bidding documents. In 2017 the proceeds from sale of bidding documents was USD 12 568.46, including USD 4 023.50 on the Project Bidding Account and USD 8 544.96 on the CPIB Transit Bidding Account. 6.4. Other Project account 1. CP/B's USD Transit Bidding Account (p/s. see Note 20) CPIB has opened this Project Account to generate proceeds from sale of bidding documents under several projects the CPIB is responsible for implementation. 2. CP/B's EURO Main Account (p/s. see Note 21) CPIB has set a EURO Account to pay the suppliers. In the reported period the EURO funds were used to cover the training costs for the staff. "Health System Improvement Project"/ "Health 3" IDA Credit No.4896-UZ and No.5231-UZ 20 3. CP/B's UZS Main Account (p1s. see Note 22) CPlB has opened this Project Account to cover the recurrent costs. During the reporting period account was used for payroll and other expenses. 4. CPIB's UZS Transit Account (p/s. see Note 23) This Project Account is used to disburse salary and transfer to the plastic cards. 5. CPIB's UZS Corporative cards (p1s. see Note 24, 25, 26) CPIB has opened this Project Account to cover the recurrent costs. During the reporting period account was used for fuel and lubricants and air-flight and railway tickets. 6. CPIB's USD Bid Security Account Project Accounts among others include Bid Security Account to deposit the Bid Security from the bidding suppliers. Once Bidding is completed and contract awarded the Bid Security is returned to the lost bidders. Cash Flow on the Account is not integrated in the Project Financial Statements since these funds are not the source of financing. 7. CP/B's UZS Pension Account Pension account is used for receipt of Pension and social benefits. Cash Flow on the Account is not integrated in the Project Financial Statements since these funds are not the source of financing. Balances of the Project's bank accounts are reflected in the following table: Account 000' UZS USD . .. currency Balance as at January 1, 2017 Project's UZS Special Account 0,56 0,56 10, Project's UZS Bidding Account 77 245,78 77245,78 24 901,03 UZS Plastic card 87,67 87,67 27,37 UZS Plastic card for combustible fuel No.1 439,20 439,20 136,50 UZS Plastic card for combustible fuel No.2 303,53 303,53 94,34 CPIB's USD Transit bidding Account 1 199,36 3 875,71 1 199,36 CPIB's EUR Main Account 1 242,00 4 246,68 1 44 1,42 Project's USD Special Account 184 705,42 596 871,87 184705,42 Project's USD Bidding Account 3302447 106717,91 1 33024,47 Total Project Funds as at January 1, 2017 789 788,91 245 530,09 Balance as at December 31, 2017 Project's UZS Special Account 5 743,70 5 743,70 707,36 Project's UZS Bidding Account 709,54 70954 387,38 UZS Plastic card 2 402,05 2 402,05 299,02 UZS Plastic card for combustible fuel No. 1 1 808,20 1 808,20 223,33 UZS Plastic card for combustible fuel No.2 1 667,53 1 667,53 312,32 CPIB's EUR Main Account 252,00 2 425,43 281,50 Project's USD Special Account 118 896,40 965 447,09 118 896,40 Project's USD Bidding Account 22 596 63 183 486,22 22 596,63 Toa Project.. Fund as at...... Decemr 3. 2 1 163 689,7 143.... 403 Total Project Funds as at Deebr31, 2017 1 1163 689,761 143 403,94} "Health System Improvement Project" / "Health 3" IDA Credit No.4896-UZ and No.5231-UZ 21 7. Direct payments Direct payments made by the IDA from Credit Account during the period from 1 January 2017 till 31 December 2017 are stated in the following tables: Direct payments under the Credit No. 4896-UZ NoofArnount in Paid Amrount" by . ota.. mu. Withdrawal Dated Cuyr nn payment catg rin USD-_ Ta Un ap oncurrencys application 20.17urny crrny1. Goods ~ US 152 23.01 2017 USD 260 320,00 260 320,00 260 320,00 153 23.01.2017 USD 115926,00 1 5 92600 115 6 154 23,01.2017 USD 170276,40 170276,40 170276,40 155 23.01.2017 USD 127 120,00 127 120,00 127 120,00 157 23.01.2017 USD 265 852,47 265 852,47 265 852,47 158 23.01.2017 USD 108 157,50 108 157,50 108 157,50 151 23.01 2017 USD 77381,00 77381,00i 77381,00 167 15.02.2017 USD 1 143 076,82 1 143 076,82 1 143 076,82 166 21.02.2017 --USD - ,-238940,00 I238940,00 1 238 940,00 180 05.09.2017 USD 64920,00 64920,00 64920,00 17 05.09..... 201 US . 7000- - - - 179 05.09.2017 USD 38 670,00 38 670,00 38 670,00 181 16.10 2017 USD 208 800,00 208 800,00 208 800,00 -182 I16.10.2017 i USD 3500 8750 0 36850 367 875,00 183 I13.11.2017 USD 787399,20 787399,20 787 399,20 Total 3 974 714,39 3 974 714,39 3 974 714,39 Direct payments under the Credit No. 5231-UZ No Pfayrnent iiTotal arnount Withdrawalen payment category(in USD) T unt application currency 1. Goods 173 07.07.2017 USD50000 395 500,00 - 395500 395 500,00 35509 174 03.08.2017 -USD 111 160,00",*60* 111 160,00 111 160,00 Total I506 660,00 -506 660,00 60600 Below is the summary of IDA-financed total under the Direct Payment Procedure (from the beginning of the Project): Direct payments under the Credit No.4896-UZ Paid Amount by category Total Amnount Reporting Year (in USD) 1. Gods 2013 1 417 284,09 1417284,09 2014 1 051 32998 051 329,98 2015 3 432 592,18 3432502,18 2016 228990 2289903,53 2017 3 - 974 714,39 13 974714,39 i Total 12 165 734,17 12 165 734,17 Direct payments under the Credit No. 523 1-UZ .......... a A by oa... .g.r Total Amount Reporting Year (in USD) 1. Goods -20-7 506660,,00- 506660,00 Total 5066 6000 i506 660,00 "Health System Improvement Project" / "Health 3" IDA Credit No.4896-UZ and No.5231-UZ 22 8. Letters of Credit Letters of Credit, made by the IDA from Credit Account during the period from 1 January 2017 till 31 December 2017 are stated in the following tables: Letters of Credit under the Credit No.4896-UZ Noof Payment A ut n i adAont Total arnount Withdrawal Dated payment c .ategor (in SD Tta application currency 1. Goods 169 16.05.2017 USD 865 260,00 86526000 865 260,00 171 28.08.2017 EUR 1 072648,80 1 280474,51 1 280474,51i 177 16.10.2017 EUR 731 579,20 863 409,77 863 409,77 184 29.11.2017 EUR 232448,00 275288,17 275288,17 Total 3284432,45 3284432,45 • Letters of Credit under the Credit No.5231-UZ No. of Amountin Paid Amount by Withdrawal Dated Payment payment cate goryi USDc Total amount application C1urrency currency . Goods inUSD 162 08.09.2017 USD 2 320 166,40 2 320 166,40 2320 166,40 163..... 23.10 7 US 1 735 920,00 1 735..... 920 1 735 920, 163 23.10.2017 USD 1 735920,00 1 735920,00 1 735920,00 163 13.102017 i USD '.320,00 320,00 l - 320,00 164 28.07.2017 USD 10 833,60 10833,60 10 833,60 164 07.07.2017 USD i 369012,80 369012,80 i 369012,80 165 06.11.2017 USD 229163,20 229163,20 229163,20 165 07.07 2017 USD 1 045 932,80 1 045 932,80 1 045 932,80 170 07,07,2017 USD i 444640,00 44464000 444640,00 175 14.11.2017 USD 3 3164 000,00 i3 164000,001 3164000,00 Total 9 319 988,80 9 319 988,80 9 988,80 Below is the summary of IDA-financed total under the Letters of Credit Procedure (from the beginning of the Project): • Letters of Credit under the Credit No. 4896-UZ Paid Amount by category i Total Amount Reporting Year (in USD) - in USD 1. Goods 2013 f-17 826 691,02 17 826 691,02 2014 4 721 921,46 4 721 921,46 2015 11 005 275,15 11005275,15 2016 25 822 248,97 25 822 248,971 2017 3 284 432,45 3 284 432,45 Total 62 660 569,05 62 660 569,05 Letters of Credit under the Credit No. 523 1-UZ Paid Amount by category Total Amount Reporting Year i (in USD) in USD 1. Goods 2017 9 319 988,80 9319988,80 Total 9319988,80 9319988,80 "Health System Improvement Project" / "Health 3" IDA Credit No.4896-UZ and No.5231-UZ 23 9. Statement of Expenditure (SOE) procedures SOE procedure used by the Project to replenish funds to the Special Account in accordance with the conditions of the Financing Agreement and IDA Guidelines' requirements. The Statement of Expenditure Procedure was used by the Project only under Credit No.4896-UZ since on the reporting date the credit funds were not fully disbursed. Summary data on funds reimbursed through SOE procedures for the period 1 January 2017 till 31 December 2017 is stated in the following table: Total Amount reported under SOEs . 1 572 507,811 Less: expenditures no submitted to IDA on 31 December 2017* ( Subtotal 1 193 059,63 Of which: replenished to Special Account Including replenished expenditures for 2016 as per SOE 156 and 155.9159773 Subtotal 1 193 059,63 Difference 0,00 *2017 expenditures for total of USD 379 448.18 requested for IDA reimbursement under S OE procedure (SOE 196, 197 and 198) are reimbursed on 14th February 2018. Below is the summary of IDA-financed total under the SOE Procedure (from the beginning of the Project): Reporting i Paid Amount by category (in USD) Total Amount Year 1. Goods, Consultant's services, Train ing and Incrernental Operating Costs inl USD 2012 357 246,19 357246,19 2013 6 026 066,12 ^1141173753,81 i 1 173753,81 2015 1 990 100,84 1 990 100,84 2016 ,.1433 513,55 1433513,55 2017~~ ~ .. . . . .1506 654,40 1 15606654,40 10._ Project budget performance Cumulative from the IDA UNDS. ,. , .~. . beginning of the Project IDA FUNDS IDA Credit No. 4896-UZ Ad.. an.. e . Paym...............nt ..... 500 000,00 i Replenishment to Project USD Special Account under the SOE's Procedure 7 487 534 91 Direcpamnl 12 165 734,17 ..~ .... c...en 62660569,. Letter of credit (disbursement) 0 59 Total Financing byIDA Credit No34896-UZ 82.3 Total budget by IDA Credit No.4896-UZ 93 000 000,00 Financing percentage of IDA Credit No.4896-UZ 89,05% IDA Credit No. 5231-UZ Direct paymnent 50 o60 Letter of credit (disbursernent). 9319988 ,800 Total Financing by IDA Credit No.5531.UZ.9 826 648,80i Total budget by IDA Credit No.5231-UZ i 93.9 000 000,00 Financing percentage of IDA Credit No.5231-UZ 10,57% Total IDA Financing 92 640 486,93 Total IDA Budget 186 000 000,00 Financing percentage of IDA Funds 49,81% "Health System Improvement Project" / "Health 3" IDA Credit No.4896-UZ and No.5231-UZ 24 GOU FUNDS l .....- ..,.....~ GOU counterpartfinancing in cash 6. 6928 340,18 GOU in kind contribution 35 566 422,66 Total GOU Financing 42 494 762,84 Total budgti cash16440,0 Percentage of cash financ'ing1 Total GOU Budget * 64 393 690,00 Total Percentage of GOU Financing 65b,99%y Total Project Financing 135 135 249,77 Total Project Budget 250 393 690,00 Total Percentageof Project Financing 53.97% * GOU Counter financing budget does not include financial costs 11. Budget performance on the financing the Project expenditures/Disbursements Cumulative from, 2017 2016 the beginning of the Project IDA FUNDS IDA Credit No.4896-UZ 1. Goods, Consultant's services, 8 831 654,65 29 782235,76 82 693 104,74 ~ 8 31 46~ 9~7å2~23,76- 8_2 693 104,7" Total Project Expenditures by IDA Credit No.4896-UZ 8 831654,65 29 782 235,76 82 693 104,74 Total budget by IDA Credit No.4896-UZ - I --- .,93 00000,00 IDANo.4896 Credit disbursement rate 88,92% . . ...... . .... . ....... .. ...... . . - -f IDA Credit No. 5231-UZ - 1Goods, Consultant's services, Training and ncremental Operating Costs 9826648,80 0,00 9826648,80 Total Project Expenditures by IDA Credit No.5231-UZ 9826 648,80 0 00 9826648,80 Total budget by IDA Credit No.5231-UZ 93 000 000,00 Execution rate of IDA Credit No.5231 10,57% Total Project Expenditures by IDA Funds 18 658 303,45 29 782 235,76 92 519 753,54 Total budget by IDA Funds 42 619 291,82 41 158 518,00 186 000 000,00 Total IDA Credit disbursement rate 43,78% 72,36% 49,74% . .. . .. .... ...... GOU FUNDS .-. 1. Goods, Consultant's services, 966172,18 1 486521,84 6 928 340,18 Exemptions from taxes and duties 9 271 838,26 12 342 309,50 35 566 422,66 Total Project Expenditures by GOU Funds 1 10 238 010,44 i13 828 831,34 42 494 762,84;1 Total budget in cash expenditures 534 049,98 4346 073,87 16 414 090,00 Cash disbursement rate %180,1% 34,20% 42,21% Total budget of exemptions from taxes and dluties l tr 47 979 600,001 Non-cash disbursement rate - i , 74,13% GOU funds disbursement rate 65,99% TotlPoetEpniue 28 896 313,89 43 611067,10 i 135 014 516,38 Total Project Budget 250 393 690,00 * Cu Project disbursement rate .cfa2os *GOU Counter financing budget does nlot include financial costs "Health System Improvement Project" /"Health 3" IDA Credit No.4896-UZ and No.5231-UZ 25 12. Project Receivables Project receivables include advance payments paid to suppliers and other contractors accounted on the accrual basis: USD as at 1 January, as at 31 December - 2017 2017 Advance payments to suppliers 289 869,63 1 223 49977 Other receivables 14494,50 28 372,05 Total 304 364,13 1 251 871,82 13. Project Liabilities Project payables include payables to suppliers, tax and contributions, payroll and other liabilities accounted on the accrual basis: USD as at 1 January, as at 31 2017 December 2017 Payables to suppliers and contractors 3 641 600,65 4 973 785,49 Tax and contribution payables 22 479,44 23 088,82 Payroll payables 14 490,74 109,10 Total 3 678 570,83 4 996 983,41 14. Taxes Services and goods acquired from IDA funds are exempted from all taxes and levies based on Tax Code of the Republic of Uzbekistan. The CPIB is a legal entity in its operations governed by the its by-laws registered by the Resolution 006918-04 dated 21 October 2011 of the Khokim of Mirzo-Ulugbek district of Tashkent City. Based on the National Tax Code CPIB, being a public non-profit enterprise is tax and duties exempt. 15. Reconciliation of IDA Credit financing Reconciliation of funds between Client Connection and Project data as of December 31, 2017 is stated below: IDA funds Client Connection Project Difference Credit No.4896-UZ 82 813 838.13 82 813 838.13 0 Credit No.5231-UZ 9 826 648.80 9 826 648.80 0 Total 92 640 486.93 92 640 486.93 0 16. Events after reporting date According to the IDA Letter No. 00850/18 dtd 22nd February 2018 as of 25th January 2018 total financing of SDR30,9M (in equivalent of USD45,OM) allocated for additional Project financing under Credit No.5231-UZ are cancelled. Total of additional Project financing under Credit No.5231-UZ as of 25th January 2018 is total of SDR29,7M (in equivalent of USD48,OM). According to the IDA Letter No. 00850/18 dtd 22nd February 2018 the Project implementation with additional Project financing under Credit No.5231-UZ is extended by 31s December 2019. "Health System Improvement Project" /"Health 3" IDA Credit No.4896-UZ and No.5231-UZ 26 17. Statement of Project's UZS Budget Account Account No: 1000 1086 0262 6970 7630 1054 003 Depositary bank: Treasury Ministry of Finance of the Republic of Uzbekistan Address: 5, Mustaqillik Avenue, Tashkent, Uzbekistan Related Credit 4896-UZ and 5231-UZ Currency: UZS USD 000' UZS Balance as at 01 January, 2017 0,00 0,00 Inflow: GOU Financing 966 172,18 5450 249,70 Total Inflow: 966 172,18 5 450 249,70 Outflow: Expenses on related categories 966 172,18 5 450 249,70 Total Outflow: 966 172,18 5 450 249,70 Balance as at December 31, 2017 0,00 0,00 18. Statement of Project's USD Bidding Account Account No: 2021 0840 3049 4777 1003 Depositary bank: JSCB "Invest Finance Bank" Tashkent city Branch Address: 18 "b", Alisher Navoi street, Tashkent, Uzbekistan Related Credit 4896-UZ and 5231-UZ Currency: USD USD Balance as at 01 January, 2017 33 024,47 Inflow: Transfer from CPIB's USD Transit Bidding Account 4 872,16 Total inflow: 4 872,16 Outflow: Transfer to Project's UZS Bidding Account 15 300,00 Total Outflow: 15 300,00 Balance as at December 31, 2017 22 596,63 "Health System Improvement Project"/ "Health 3" IDA Credit No. 4896-UZ and No.5231-UZ 27 19. Statement of Project's UZS Bidding Account Account No: 2269 6000 0049 4777 1002 Depositary bank: JSCB "Invest Finance Bank" Address: 18 "b", Alisher Navoi street, Tashkent, Uzbekistan Related Credit 4896-UZ and 5231-UZ Currency: UZS USD 000' UZS Balance as at 01 January, 2017 24901,03 77245.78 Inflow: Inflow for bidding documents 4 023,50 14076,01 Transfer from Project's USD Bidding Account 15 300,00 123 490,29 Transfer from CPIB's USD Transit Bidding Account 4 872,16 16 065,34 Transfer from Project's UZS Special Account 17648,39 113 148,57 Transfer from CPIB's UZS Main Account 124,91 375,38 Total Inflow: 41 968,96 267 155,59 Outflow: Expenses on related categories 15674,94 100 389,57 Other expenses 43166,97 206 749,11 Transfer to Project's UZS Special Account 1 819,73 12 159,00 Transfer to CPIB's UZS Main Account 6 120,97 24 394,15 Total Outflow: 66 782,61 343 691,83 Balance as at December 31, 2017 87,38 709,54 20. Statement of CPIB's USD Transit Bidding Account Account No: 2021 0840 0049 4777 1001 Depositary bank: JSCB "Invest Finance Bank" Address: 18 "b", Navoi street, Tashkent, Uzbekistan Related Credit 4896-UZ and 5231-UZ Currency: USD USD Balance as at 01 January, 2017 1 199,36 Inflow: Inflow for bidding documents 8 544,96 Total Inflow: 8 544,96 Outflow: Transfer to Project's UZS Bidding Account 4872,16 Transfer to Project's USD Bidding Account 4872,16 Total Outflow: 9 744,32 Balance as at December 31, 2017 0,00 "Health System Improvement Project" /"Health 3" IDA Credit No.4896-UZ and No.5231-UZ 28 21. Statement of CPIB's EUR Main Account Account No: 2021 0978 9049 4777 1001 Depositary bank: JSCB "Invest Finance Bank" Address: 18 "b", Navoi street, Tashkent, Uzbekistan Related Credit 4896-UZ Currency: EUR I IEUR Balance as at 01 January, 2017 1 441,42 1 242,00 Inflow: Transfer from Project's USD Special Account 9 935,28 8 907,00 Total Inflow: 9 935,28 8 907,00 Outflow: Expenses on related categories 11 095,20 9 897,00 Total Outflow: 11 095,20 9 897,00 Balance as at December 31, 2017 281,50 252,00 22. Statement of CPIB's UZS Main Account Account No: 2021 0000 9049 4777 1001 Depositary bank: JSCB "Invest Finance Bank" Address: 18 "b", Navoi street, Tashkent, Uzbekistan Related Credit 4896-UZ Currency: UZS USD 000' UZS Balance as at 01 January, 2017 0,00 0,00 Inflow: Transfer from Project's UZS Special Account 10569,97 55 097,08 Transfer from Project's UZS Bidding Account 6 120,97 24 394,15 Transfer from CPIB's UZS Transit Account 23,87 96,52 Transfer from CPlB's USZ Pension Account 10010,71 45707,15 Transfer from FF PIU UZS Special Account 7 642,60 28 301,34 Transfer from FF PlU UZS Bidding Account 13,01 48,37 Total Inflow: 34 381,13 153 644,61 Outflow: Expenses on related categories 1 754,83 12 953,93 Other expenses 3 345,77 11 603,28 Payment of pensions and benefits 5 910,04 26 884,27 Expenses on related categories FF PIU 4 616,93 15 849,71 Payment of pensions and benefits FF PIU 1 702,10 8140,20 Transfer to CPI B's UZS Transit Account 5 601,42 25 021,84 Transfer to CPIB's UZS Corporative Plastic Cards 11 325,13 52 816,00 Transfer to Project's UZS Bidding Account 124,91 375,38 Total Outflow: 34 381,13 153 644,61 Balance as at December 31, 2017 0,00 0,00 "Health System Improvement Project"/ "Health 3" IDA Credit No. 4896-UZ and No.5231-UZ 29 23. Statement of CPIB's UZS Transit Account Account No: 2310 6000 2049 4777 1001 Depositary bank: JSCB "Invest Finance Bank" Address: 18 "b", Navoi street, Tashkent, Uzbekistan Related Credit 4896-UZ Currency: UZS USD 000' UZS Balance as at 01 January, 2017 0,00 0,00 Inflow: Transfer from Project's UZS Special Account 173 699,57 872 759,42 Transfer from CPIB's UZS Main Account 5601,42 25021,84 Transfer from FF PIU UZS Special Account 24236,35 134 674,39 Total Inflow: 203 537,34 1 032 456,65 Outflow: Expenses on related categories 175 601,27 882 502,56 Other expenses 1 276,33 4 499,50 Payment of pensions and benefits 2 398,48 10679,30 Transfer to CPIB's UZS Main Account 23,87 96,52 Expenses on related categories FF PIU 24236,35 134 674,39 Payment of pensions and benefits FF PIU 1,04 3,38 Total Outflow: 203 537,34 1 032 455,65 Balance as at December 31, 2017 0,00 0,00 24. Statement of UZS Plastic Card Account No: 2310 2000 2049 4777 1001 Depositary bank: JSCB "Invest Finance Bank" Address: 18 "b", Navoi street, Tashkent, Uzbekistan Related Credit 4896-UZ Currency: UZS USD 000' UZS Balance as at 01 January, 2017 27,37 87,67 Inflow: Transfer from CPIB's UZS Main Account 3 628,92 18 316,00 Total Inflow: 3628,92 18 316,00 Outflow: Expenses on related categories 2 639,35 10 185,62 Other expenses 717,92 5 816,00 Total Outflow: 3 357,27 16 001,62 Balance as at December 31, 2017 299,02 2 402,05 "Health System Improvement Project" /"Health 3" IDA Credit No.4896-UZ and No.5231-UZ 30 25. Statement of UZS Plastic card for combustible fuel No.1 Account No: 2262 0000 9049 4777 1004 Depositary bank: JSCB "Invest Finance Bank" Address: 18 "b", Navoi street, Tashkent, Uzbekistan Related Credit 4896-UZ Currency: UZS USD 000' UZS Balance as at 01 January, 2017 136,50 439,20 Inflow: Transfer from CPIB's UZS Main Account 2 217,79 10 500,00 Total Inflow: 2 217,79 10500,00 Outflow: Expenses on related categories 1 796,75 8 131,00 Other expenses 334,21 1 000,00 Total Outflow: 2 800,81 8 266,43 Balance as at December 31, 2017 223,33 1 808,20 26. Statement of UZS Plastic card for combustible fuel No.2 Account No: 2262 0000 7049 4777 1004 Depositary bank: JSCB "Invest Finance Bank" Address: 18 "b", Navoi street, Tashkent, Uzbekistan Related Credit 4896-UZ Currency: UZS USD 000' UZS Balance as at 01 January, 2017 94,34 303,53 Inflow; Transfer from CPlB's UZS Main Account 2 440,69 11 500,00 Total Inflow: 2440,69 11 500,00 Outflow: Expenses on related categories 2 222,71 10 136,00 Other expenses 168,11 500,00 Total Outflow: 2222,71 10 136,00 Balance as at December 31, 2017 312,32 1 667,53