AUDITOR'S REPORT Audit Completion date.04.11.2019 The Secretary Ministry of Shipping Bangladesh Secretariate Dhaka. (I)We have audited the accompanying Financial Statement (FY 2018-2019) of the "Bangladesh Regional Waterway Transport Project-1 (Dredging in Chattogran- Dhaka-Ashuganj IWT Corridor along with associated linked routes and construction of terminal with allied Infrastructure)"financed by IDA under credit no.5842-BD as on 30th June, 2019 and for the years then ended. According to ISSAI 1570 the preparation of Financial Statement is the responsibility of management. Our responsibility is to express an opinion on the financial statement based on our audit. (II)We conducted our audit in accordance with International Standards on Auditing. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statement. An audit also includes assessing the accounting principles used and significant estimates made by management as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. (III) In our opinion, the financial statement gives a true and fair view in all material respects of the financial position of Bangladesh Regional Waterway Transport Project-1 (Dredging in Chattogramn-Dhaka-Ashuganj IWT Corridor along with associated linked routes and construction of terminal with allied Infrastructure) Project as on 30t June 2019 and the result of its operation and cash flows for the year ended in accordance with the cash basis of accounting followed by the Government of Bangladesh. The Project accounts properly present the expenditure and receipts for the year ended at 30- 06-2019. (IV) Revised Opinion Status: Unqualified. ((asemata) Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 02-9361788 [Ref Project Audit Manual, FAPAD. Page: 4.7.1] Bangladesh Regional Waterway Transport Project-1 (BRWTP-1) IDA Credit No.5842-13D Financial Statement For the year of 2018-2019 For the month of 30 June, 2019 (Figure in Laldh Tk.) Economic Code Cumulative Current Period (2018- Cumulative Description Note Prior Period 2019) Current Period old New (June 2018) GOB RPA up to June 2019 Resources: i) Government of Bangladesh (GoB) 1 256.75 170.00 426.75 II) Lender/ Donor RPA (IDA) 2 1,500.00 1,375.00 1,500.00 ilii) Cash Opening Balance _4 - - Total Resouces (a) 1,756.75 170.00 1,375.00 1,926.75 Expenditure Salary Officer 4500 3111101 26.32 29.92 56.24 Salary Staff 4600 3111201 4.96 15.43 20.39 Allowances 4700 3111304 21.14 23.58 44.73 Travel Cost 4001 3241101 1.14 1.84 2.98 Overtime 4005 3111327 - 1.00 1.00 Office rent 4806 3211129 16.52 53.22 69.74 CD/VAT/Tax 4813 3821101 - - Postage 4815 3211119 _ 0.03 0.01 0.04 Telephone, Internet 4816 3211120 0.17 2.08 2.25 Fax / telegram 4817 3211117 - Registration 4018 3221104 - 0.25 0.25 Gas/petrbl/energy 4822 3243102 4.96 6.94 11.90 Bank Charge/Commission 4824 3221108 - - Printing & Publication 4827 3255102 2.48 0.30 2.78 Stationery/Seals/ 4820 3255104 9.29 5.47 14.76 Books & Periodicals 4831 3211127 - 0.05 0.05 Advertisement 4833 3211125 9.02 3.45 12.47 Training 4840 3231201 - 2.40 2.40 Seminar / Workshop 4842 3211111 - - - - Entertainment 4045 3211106 0.65 0.58 1.23 Compensation (7 hector) 4049 3211103 - - Consultancy 4874 3257101 28.75 985.50 1,014.25 lionorarl48/fee/remunerat8on 4003 3111332 4.50 1.49 5.98 Survey Cost (a). Other future studies, (b). Detailed 4U86 3257104 - - study on circular waterways around Dhaka City) Iliring Charge (vehicle/vessel) 4093 3211107 - - Other Expenditure (Certificate renewal Fee, Fees for 4B99 3256101 6.03 3.98 10.01 Repair and maintenance of Vehicle 4901 3258101 0.23 0.50 0.73 Repair and Maintenance of furniture 4906 3258102 Repair, maintenance of computer and equipment 4916 3258105 Resettlement (7 hector) 4986 3258107 - - - - Sub-Total (a) Revenue 136.18 150.09 987.90 1,274.16 (1) Capital Comaponenet Vehicles 6007 4112101 149.32 7 -149.32 Office Equipment 6813 4112316 - 48.95 48.95 Computer and accessories 6815 4112202 46.74 - 46.74 Software &digital monitoring system 6817 4113301 0.18 0.18 Multipurpose vessel, Multi-beam, Modern technical 6819 4112310 an Saimn, I Director ____________________________(Figure in Lakch Tik.) Economlc Code Cumulative Current Perjod (2018- Cumulatve Description Note Prior Perlod 2019) Current Period Old New (June 2018) GOB RPA up to June 2019 Furniture 6821 4112314 49.36 ··49.36 Plantation 6845 4113102 -- Land Acquisition (132 hector) 6901 4141101 Civil Works 7000 4111201 Block Allocation 7981 4111201 - Sub-Total (b) Capital 245.42 49.13 294,55 Sub-total Of component (a+b) 381.60 150.09 1,037.03 1,568,71 (c) Physical Contingency (2%) (d) Price Contingency (8%) Sub-Total (Contingency) Total Expenditure (d) 381,60 150.09 1,037.03 1,568.71 Cash Closing Balance: 1) Government ofBangladesh (GoB): A/C # 0200010057315, Foreign Exchange Corp, Br. Dhaka li) RPA Project Designated Account No.: 1,375.15 338.12 338.12 0200010682595, Amin Court Corporate Br. Dhaka Less: Refund Refund (GoB) - 19.91 - Total Closing Balance (e) 1,375.15 19.91 338.12 338,12 Total Expenditure and Cash (d+e) 175675 17000 L375.15 1,906.84 Aud)t & Acewir(, Olleor IýneliiiiAlde ugi d e t Audit Gomplkx (6 1mr) e ctor prOIer Bangladesh Regional Waterway Transport Project-I (BRWTP-1) IDA Credit No.5842-BD Note to the Financial Statement Figure in Lakh Tk, 1. NOTES OF THE FINANCIAL STATEMENT: Inception to 30th For the Year 30th Inception to 30th June 2010 June 2019 June 2019 Disbursement by GOB 256.75 170.00 426.75 Less Refund to GOB - (19.91) -19.91 Total 256.75 150.09 406.84 2. LOAN FROM LENDER/DONOR: Inception to 30th For the Year 30th Inception to 30th June 2018 June 2019 June 2019 Initial Advance Direct Payments/ RPA RPA (SoE Procedure) _ _ RPA None SoE Procedures 1,375.15 - 1,375.15 Total 1,375.15 - 1,375,15 3. OTHERS RESOURCES: Inception to 30th For the Year 30th Inception to 30th June 2018 June 2019 June 2019 Project Revenue Exchange Gains/ Losses Total 4, Cash Inception to 30th For the Year 30th Inception to 30th June 2018 June.2019 June 2019 Cash on Hand: Special Account 1,375.15 338.12 338.12 Project Operating Accpount Operating Account of ield station _ Total 1,375.15 338.12 338.12 Audit & Ac, ounrs fficer cth rllSyed Ahsan Kabir )9'Li$"lan. chambake-main FMP Specialist BRWTP-(WBfuded Project BIWTA, Dhaka. ea Auditor'sLReport on Special Account 1.We have audited the Special Account Statements of "Bangladesh Regional Waternfay Transport Project -1 (Dredging in Cliattogram-Dhaka-Ashiuganij IWT Corridor along with associated linked routes and construction of terminal withallied Infrastructure)" financed by IDA under credit no.5842 - BD for the year ended 300' June, 2019 under the provision of IDA Financing Agreement No. 5842-BD dated on 21-12-2016. 2. Our audit was carried out in accordance with international standards on auditing. Accordingly, our audit included such review of the tests of the accounting records and supporting documentation, verification of accounts balance and reconciliation that we have considered necessary under the circumstances. 3. The accompanying special account statement was prepared on the basis of initial deposits and withdrawal for the purpose of complying with above agreement. 4. In our opinion the receipts are properly accounted for and withdrawal were made for the purpose of the project in accordance with lone the above special account gives a true and fair view of the beginning & ending balance and the account activity for the year ended 30"' June 2019 on the basis of cash deposits and withdrawals. 5. The special account is being maintained according to the approval of Finance Division. The withdrawal of money is in accordance with authorization of Finance Division. (Tasemn u tana Deputy Director For Director General Foreign Aided Projects Audit Directorate Phone: 02-9361788