30 JUN 2016 Henan Provincial Audit Office of the People's Republic of China Audit Report *F# (2016) 71 # HENAN AUDIT REPORT C 2016) NO.71 Project Name: Zhengzhou Urban Rail Project Financed by the World Bank : 8457-CN Loan No.: 8457-CN Project Entity: Zhengzhou Rail Transit Co., Ltd. 4 : 2015 Accounting Year: 2015 目录 ColltelltS 一、审计师意见．.......................................................．……，二，,．…，,，……，…，…1 1 .Auditor&5 OPinion...........................................................．……，……，....．……3 二、财务报表及财务报表附注．.......．……，．……，..................................．……5 11 .Financial Statenlents and Notes to the Financial Statemeflts.........．……5 （一）资金平衡表．．…，……，,.....．……，.．…，......．……，...............................．……5 1 .Balance Sheet...........................................................．……，，…，,．…，,.....．……5 （二）项目进度表．...........................．……，...........．……，．…，..................．……8 11.Summary of Sources and Uses ofFunds勿Project Component....．……8 （三）贷款协定执行情况表．,.．…，.．…，．……，.,．…，...............................．……11 111 .statement of ImPlementation of Loan Agreement........................．……11 （四）财务报表附注…，.....．……，．……，……，……，.................................．……14 iv.Notes to the Financial Statements.................................................．……16 三、审计发现的问题及建议．...........................................................．……19 nl.Audit Findings and Reco~endations........................................．……23 一、审计师意见 审计师意见 郑州市轨道交通有限公司： 我们审计了世界银行贷款郑州市轨道交通3号线一期工程项目 2015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8页至第18页）。 （一）项目执行单位对财务报表的责任 簖制上述财务报表中的资金平衡表、项目进度表及贷款协定执行 情况表是你公司的责任，这种责任包括： 1．按照中国的会计准则、会计制度和本项目贷款协定的要求编 制项目财务报表，并使其实现公允反映。 2．设计、执行和维护必要的内部控制，以使项目财务报表不存 在由于舞弊或错误而导致的重大错报。 （二）审计责任 我们的责任是在执行审计工作的基础上对财务报表发表审计意 见。我们按照中国国家审计准则和国际审计准则的规定执行了审计工 作，上述准则要求我们遵守审计职业要求，计划和执行审计工作以对 项目财务报表是否不存在重大错报获取合理保证。 为获取有关财务报表金额和披露信．息的有关证据，我们实施了必 要的审计程序。我们运用职业判断选择审计程序，这些程序包括对由 于舞弊或错误导致的财务报表重大错报风险的评估。在进行风险评估 时，为了设计恰当的审计程序，我们考虑了与财务报表相关的内部控 制，但目的并非对内部控制的有效性发表意见。审计工作还包括评价 所选用会计政策的恰当性和作出会计估计的合理性，以及评价财务报 表的总体列报。 我们相信，我们获取的审计证据是适当的、充分的，为发表审计 意见提供了基础。 l （三）审计意见 我们认为，第一段所列财务报表在所有重大方面按照中国的会计 准则、会计制度和本项目贷款协定的要求编制，公允反映了世界银行 贷款郑州市轨道交通3号线一期工程项目2015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。 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 &&”附注’审””问’凝乙 中’人醚罗厅 地址：中国河南省郑州市纬二路27号 邮政簖码：450003 电话：86一371一65648053 传真：86一371一65995265 2 1. Auditor's Opinion Auditor's Opinion To Zhengzhou Rail Transit Co., LTD, We have audited the special purpose Financial Statements (from page 8 to page 18) of Zhengzhou Rail Transit Line 3 Project (Phase 1) Financed by the World Bank, which comprise the Balance Sheet as of December 31, 2015, 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's Responsibility for the Financial Statements Your entity is responsible for 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, which include: i. Preparing and fair presenting the accompanying financial statements in accordance with Chinese accounting standards and system, and the requirements of the project loan agreement; ii. Designing, implementing and maintaining necessary internal control to ensure that the financial statements are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Government Auditing Standards of the People's Republic of China and International Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the 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 3 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 Zhengzhou Rail Transit Line 3 Project (Phase I) financed by the World Bank as of December 31, 2015, its financial receipts and disbursements, the project implementation and the receipts and disbursements of the special account for the year then ended in accordance with Chinese accounting standards and system, and the requirements of the project loan agreement. 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. Henan Provincial Audit Office of the People's Republic of China June24, 2016 Address: No.27 Weier Road, Zhengzhou City, Henan Province, P.R. China Postcode: 450003 Tel.: 86-371-65648053 Fax: 86-371-65995265 The English translation is for the convenience of report users; please take the Chinese audit report as the only official version. 4 一！！無矯 CD CD CD CD CD CD 00 cý Glý C) CD CD CD CD CD 0 cý 0 C> 0 ON C) CD C> R R R CD CD rq CD CD OD CD eo rn PQ CD In ýn ý5 Cl C, ýD CD w CD R C! R R R R 1:ý R Cý i C> C) CD CD C) CD CD CD CD CD c c C>ý CD en til C> C) C> ,l- C) C> CD CD cý C! R Cý R R v d cs CD CD CD CD CD CD CD CD CD ýb CD r- C,4 r: M, 1 2 Je cl 4 C rn 00 gi In, < U 2 411 kl- 一！、六卜 2 CD CD CD c; c; C4 cl CD R rý .2 C2 r4 00 00 CD C, 00 C71 tri -c CD Uý' Ci el q Ct 10 Ch CD CD CD CD CD CD 01ý 00 C2S M SC CD cq cý l-Q r4 ID t, m cm CD C2 CD 1= Ci cc 93 J2 lC IM 0 gg .9 4h< Ei m E g t K al 2 ffl & <' a -1 UM gý 4 ä 一…止’ 一么日 （四）财务报表附注 财务报表附注 1．项目概况。 郑州城市轨道交通项目贷款号为8457一CN。郑州城市轨道交通 建设旨在通过该项目的实施，有效改善郑州城市基础设施条件、增 强郑州市引领带动作用，对于根本缓解城市交通压力，进一步改善 老城、疏散人口带动和促进新城繁荣发展有重要的意义。郑州城市 轨道交通3号线一期工程为新柳路站至航海东路站（含）段，线路 镼约25.2公里，设车站21座。项目协议于20巧年2月13日签订， 2015年5月13日生效，预计2021年6月30日前关闭。项目计划 总投资为人民币206.08亿元，其中世界银行贷款总额为2.5亿美元。 本项目贷款将用于3号线一期工程土建工程01一04标段建设，预计投 资金额为人民币1&9亿元。 2．财务报表编制范围。 本财务报表的簖制范围为郑州市轨道交通有限公司关于轨道3 号线一期资金筹集和建设投入的会计核算． 3．主要会计政策。 3.1本项目财务报表按照财政部《世界银行贷款项目会计核算办 法》（财际字〔2000〕13号）的要求编制。 3.2会计核算年度采用公历年制，即公历1月1日至12月31日。 3,3本项目会计核算以“权责发生制”作为记账原则，采用借贷 复式记账法记账，以人民币为记账本位币。 3.4按照中国人民银行2015年12月31日汇率，即uSDI＝人民 币6 .4914元。 4．报表科目说明。 11 4.1项目支出。 2015年项目支出人民币62,483,2 41.24元，占年投资计划的 19.47%；项目累计支出136,550,949.28元，占项目总投资额的0.66％。 4.2预付及应收款。 2015年12月31日余额为人民币18,000,000.00元，主要是预付 3号线一期沿线征地拆迁费用。 4.3项目拨款。 2015年12月31日余额为人民币137,700,197.43元，为郑州市 财政拨入的项目配套资金。 4.4应付款。 2015年12月31日余额为人民币16,550,751.55元，主要是应付 3号线一期勘察设计质保金。 l2 v. Notes to the Financial Statements Notes to the Financial Statements 1. Project Overview The loan No. of the Zhengzhou Urban Rail Project is 8457-CN. The construction of Zhengzhou Urban Rail Transit aims to effectively improve the condition of Zhengzhou's infrastructure and enhance the leading role of Zhengzhou. It is of great importance to fundamentally relieve the urban traffic pressure, ftirther improve the condition of the old town, decentralize population and promote the prosperity and development of the new town. The main components of the Project include Phase I of the construction of Metro Line 3,1 starting from Xinliulu Road Station to Hanghaidong Road Station.The total length of the main line is 25.2 kilometers, with a total of 21 stations. The project agreement was signed on Feb. 13, 2015 and entered into effect on May 13, 2015. The account of the project was expected to be closed on June 30, 2021. The total investment plan of the project was RMB20.608 billion yuan, of which the World Bank loan amount was USD250 million. The World Bank loan will be used for the civil works of Bidding Section I to 4 of Metro Line 3. The investment was expected to reach RMB 1.89 billion yuan. 2. Consolidation Scope of the Financial Statements The scope of the financial statements covers the financing and the construction investment accounting of Metro Line 3 prepared by the Metro Project Office of Zhengzhou Rail Transit Co., LTD. 3. Accounting Policies 3.1 The Financial Statements of the project were prepared according to the requirements of Accounting Methods for the World Bank Financed Project (Caijizi[2000]No.13). 3.2 In accounting practice, the Gregorian calendar year is adopted as the fiscal year from January 1 to December 3 1. 3.3 The accrual basis and the debit/credit double entry bookkeeping method are adopted. RMB is used as the recording currency of bookkeeping. 13 3.4 According to the People's Bank of China December 31, 2015 exchange rate, that is USD1 = 6. 4914yuan. 4. Explanation of Subjects 4.1 Total Project expenditures The project expenditure in 2015 was RMB62,483,241.24yuan, and the cumulative expenditures were RMBL36,550,949.28 yuan. 4.2 Prepaid and receivable Its balance on December 31, 2015 was RMB18,000,000 yuan, mainly the prepayment to the work of land requisition and resettlement along the Line 3. 4.3 Project Appropriation Funds The balance on December 31, 2015 was RMB 137,700,197.43 yuan, which were the counterpart funds allocated by Zhengzhou Municipal Government. 4.4 Payables The balance on December 31, 2015 was RMB 16,850,751.85 yuan, mainly the retention money of survey and design. 14