REPUBLIC OF KENYA OFFICE OF THE AUDITOR-GENERAL REPORT THE WORLD BANK RECEIVED IN CD'S OFFICE Received by ........ Date . . ... Tim. O F Action by . ........ . . THE AUDITOR-GENERAL ON THE FINANCIAL STATEMENTS OF EASTERN AFRICA REGIONAL TRANSPORT, TRADE AND DEVELOPMENT FACILITATION PROJECT CREDIT NO.5638KE (IDA) FOR THE YEAR ENDED 30 JUNE 2016 KENYA NATIONAL HIGHWAYS AUTHORITY MINISTRY OF TRANSPORT, INFRASTRUCTURE, HOUSING & URBAN DEVELOPMENT PROJECT NAME: EASTERN AFRICA REGIONAL TRANSPORT, TRADE & DEVELOPMENT FACILITATION PROJECT (SECOND PHASE PROGRAM) IMPLEMENTING ENTITY: KENYA NATIONAL HIGHWAYS AUTHORITY PROJECT CREDIT NUMBER: LOAN ID 5638-KE PROJECT NO P-148853 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED JUNE 30, 2016 PROJECT NAME: EASTERN AFRICA REGIONAL TRANSPORT, TRADE & DEVELOPtMENT FACILITATION PROJECT (SECOND PHASE PROGRAM) Reports and Financial Statements For the financial year ended June 30, 2016 CONTENTS PAGE 1. PROJECT INFORMATION AND OVERALL PERFORMANCE.............................................................................. 2. STATEMENT OF PROJECT MANAGEMENT RESPONSIBILITIES....................................................................vi 3. REPORT OF THE INDEPENDENT AUDITORS ON THE EASTERN AFRICA REGIONAL, TRADE & D EV ELO PM EN T FA CILITA TION PRO JECT ........................................................................................................ vi 4. STATEMENT OF RECEIPTS AND PAYMENTS FOR THE PERIOD ENDED 30TH JUNE 2016........................ 5. STATEMENT OF FINANCIAL ASSETS AND LIABILITIES AS AT 30TH JUNE 2016 6 STATEMENT OF CASHFLOW FOR THE PERIOD 30TH JUNE 2016...................................................................3 7 STATEMENT OF COMPARATIVE BUDGET AND ACTUAL AMOUNTS..........................................................4 8 N O TES TO TH E FIN AN CIA L STATEM EN TS ......................................................................................................... 5 9 PROGRESSES ON FOLLOW UP OF AUDITOR RECOMMENDATIONS.............................................................8 ANNEX 1 - VARIANCE EXPLANATIONS - COMPARATIVE BUDGET AND ACTUAL AMOUNTS ......................9 AN N EX 2A - AN A LY SIS OF PEN D IN G BILLS .............................................................................................................. 0 PROJECT NAME: EASTERN AFRICA REGIONAL TRANSPORT, TRADE & DEVELOPMENT FACILITATION PROJECT (SECOND PHASE PROGRAM) Reports and Financial Statements For the financial year ended June 30, 2016 1. PROJECT INFORMATION AND OVERALL PERFORMANCE 1.1 Name and registered office Name: Eastern Africa Regional Transport, Trade & Development Facilitation Projection (Second Phase Program) Objective: The objective of the Project is to improve the movement of goods and people along Lokichar to Nadapal Nakodok part of the Eldoret-Nadapal road in the north western part ofK(enya, in particular and to enhance connectivity between Kenya and South Sudan, in general. The pastoralist communities, farmers and businesses along the corridor will benefit from: * Employment creation from pastoralist roadside markets. * Reduction of poverty * Road user savings in maintenance costs and travel time * Improvement of safety in travel and improvement of emergency response in the transit corridor including Eldoret-Nadapal-Nakodok which is prone to road accidents and injuries. o The provision of fiber optic cable will improve internet access for economic development activities in the region. * Provision of One Stop Border Post (OSBP) and trade facilitation is expected to reduce delay at the borders, reduce trading costs between Kenya and Sudan and enhance business opportunities. Address: Blue Shield Tower, Hospital Road Upper Hill Nairobi Kenya Contacts: Director General Kenya National Highways Authority Po Box 49712-00100 Nairobi Telephone: (254) 020 495000 E-mail: dg@Kenha.co.ke Website: www.kenha.co.ke EASTERN AFRICA REGIONAL TRANSPORT TRADE & DE VEL OPMENT FAICILITAION PROJECT Reports and Financial Statements For the financial year ended June 30, 2016 1.2 Project Information Project Start Date: 20"' July 2015 Project End Date: 3 1s December 2021 Project Engineer Eng. Kefa Seda & Eng. John Ndinika Project Sponsor: International Development Agency(IDA) 1.3 Project Overview Line Ministry/State The project is under the supervision of the Ministry of Transport, Department of the Infrastructure, Housing & Urban Development project Project number P-148853 Strategic goals of the The objective of the Project is to improve the movement of goods and project people along the Lokichar Nadapal/Nakodok part of the Eldoret- Nadapal/Nakodok road in the north western part of Kenya, in particular, and to enhance connectivity between Kenya and South Sudan, in general: Projects Components The Projects have the following components & Description I) Component 1: Upgrading Selected Critical Road Infrastructure a) Upgrading of approximately 80 km of the Lokitaung junction - Kalobeiyei River section of the Eldoret-Nadapai/Nakodok road and (ii) related supervision costs. b) Upgrading of approximately 80 km of the Lokitaungjunction- Lodwar section of the Eldoret-Nadapal/Nakodok road; and (ii) related supervisioncosts. c) Upgrading of approximately 50 km of the Lodwar - Loichangamatak section of the Eldoret-Nadapal/Nakodok road; and (ii) related supervisioncosts. d) Construction of a bridge at Kainuk on Muruni River; and (ii) relatedsupervision costs. e) Upgrading of approximately 40 lkm of the Loichangamatak - Lokicharsection of the Eldoret-Nadapai/Nakodok road; and related supervisioncosts. f Implementing the Resettlement Action Plans (RAPs) along the EldoretNadapal/Nakodok road. ii) Component 2: Facilitation of Regional Transport, Trade and iii) Development Component 3: Institutional Development and Program Management iv) Component 4: Enhancing Internet Connectivity 11 EASTERNAFRICA REGIONAL TRANSPORT TRADE & DElELOPMENT FACILITATIOA PROJECT Reports and Financial Statements For the financial year ended June 30, 2016 Other important Project Project IDA /o background Component Cost(USD) Financing(USD) Financing(USD) information of the Upgrading project Costing and Critical Road Financing USD Infrastructure 594 426 72 Facilitation of Regional Transport, Trade and Development 31 27 87 Institutional Development and Program 3.5 3.5 100 Management Total 628.5 456.5 73 1.4 Bankers National Bank of Kenya Ltd Hill Branch Po Box 72866-00200 Nairobi 1.5 Auditors Auditor General Office Auditor General P.o Box 30084-0100 Nairobi 1.6 Roles and Responsibilities Key Responsibilities Names Title designation qualification General Manager Eng. David.A.Muchilwa Special Project Qualified Oversight Team Coordinator & . . Manager,Special Eng. John Ndimka Qualified Construction Project Specialist Specialist . Team Coordinator & Manager,Special Cosruto Eng Kefat Seda Project Qualified Seils Ag.Manager,Special Monitoring & Eng Julia Ondleyo Z I Qualified Z7 Project Evaluation Specialist EASTERN AFRICA REGIONAL TRANSPORT TRADE & DETVELOPMENT FACILITATION PROJECT Reports and Financial Statements For the financial year ended June 30, 2016 Mr Isaac Kamotho Senior Accountant Qualified Financial Specialist Mr Walter Nyatwanga Manager, Qualified Safeguards Specialist Environment QSp Senior Procurement Procurement Mr R Kilel OfcrQualified Spcals Officer Specialist 1.7 Funding summary The Project duration is from 20"' July 2015 to 31st December 2021 with an approved budget of USD 456,551,724 (XDR 331,000,000) equivalent to Kshs 46,158,383,724 as highlighted in the table below: Aniount received to Undrawn balance to date Soure ofDonior Comnmitment dlate funds Do621 (30/06 /2016) (30/06/2016) USD Kshs USD Ksks USD Kshs (A) (A') (B) (B') (A) - (B) (A')-(B') (i) Grant (ii)Loan 456,551,724 46,158,383,724 - - 456,551,724 46,158,383,724 (iii)Counterpart funds Governent of GovemenOf 172,000,000 17,389,578,400 1,182,522 119,555,543 170,817,478 17,270,022,857 Kenya(GOK) Total 628,551,724 63,547,962,124 1,182,522 119,555,543 627,369,202 63,428,406,581 1.8 Summary of Overall Project Performance: Budget performance against actual amounts for current year and for cumulative to-date Current Year Cumulative To Date Budget Actual Performance Budget Actual Performance 2015/2016 2015/2016 % 2015/2016 2015/2016 % 1,220,000,000 29,555,543 2.42% 1,220,000,000 29,555,543 2.42% ]V EASTERN AFRICA REGIONAL TRANSPORT TRADE & DE VEL OPMENT FA CILITATYON PROJECT Reports and Financial Statements For the financial year ended June 30, 2016 Status No. Subcomponent A WORKS 1 Upgrading of Kalobeiyei River - Nadapal (88 kn) . Bids invited on 23rd November 2015 with a road section bid submission deadline of 24"' February, 2 Upgrading of Lokitaung Junction to Kalobeiyei 2016. River (80 kim) road section Bid Evaluation Report awaiting bank 3 Upgrading of Lokitaung Junction to Lodwar (80 km) Z-1 Clearanice. road section 4 Replacement of Kainuk Bridge * Bids invited on 23rd November 2015 with a bid submission deadline of 23rd February, 2016 Received Bid Evaluation Report No objection Tabled at TC for award 5 Upgrading of Lodwar- to Loichangamatak (50 km) * Bids invited on 28th December, 2015 with road section a bid submission deadline of 23rd March, 2016 B SERVICES 1 Construction supervision of Kalobeiyei River to 1. Proposals under evaluation Nadapal (88 kin) road section 2 Construction supervision of Lokitaung Junction to 2. Proposals to be submitted 16"' August Kalobeiyei River (80 km) road section 2016 3 Construction supervision of Lokitaung Junction to 3. Proposals to be submitted 21st september Lodwar (80 ki) road section 2016. 4 Construction supervision of Lodwar-Loichangamatak 4. Proposals under evaluation (50 km) road section 5 Construction supervision of Kainuk Bridge * Proposals issued, to be submitted 21st September 2016. 6 Design and construction of pastoralist roadside * Draft Terms of reference prepared, markets inder review by the World Bank. 1.9 Summary of Project Compliance: There is no significant case of non-compliance with applicable laws and regulations and essential external financing agreements /covenants was reported during the year V EASTERN AFRICA REGIONAL TRANSPORT TRADE & DEVEL OPMENT FACILITATION PROJECT Reports and Financial Stateients For the financial year ended June 30, 2016 2. STATEMENT OF PROJECT MANAGEMENT RESPONSIBILITIES The Director General,KeNHA and the Project Implementation Team Leader for Eastern Africa Regional, Transport, Trade & Development Facilitation Project are responsible for the preparation and presentation of the Project's financial statements, which give a true and fair view of the state of affairs of the Project for and as at the end of the financial year ended on June 30, 2016. This responsibility includes: (i) maintaining adequate financial management arrangement and ensuring that these continue to be effective throughout the reporting period; (ii) maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Project; (iii) designing, implementing and maintaining internal controls relevant to the preparation and fair presentation of the financial statement, and ensuring that they are free from material misstatements, whether due to error or fraud; (iv) safeguarding the assets of the Project; (v) selecting and applying appropriate accounting policies; and (vi) making accounting estimates that are reasonable in the circumstances. The Director General,KeNHA and the Project Implementation Team Leader for Eastern Africa Regional, Transport, Trade & Development Facilitation Project accept responsibility for the Project's financial statements, which have been prepared on the Cash Basis Method of Financial Reporting, using appropriate accounting policies in accordance with International Public Sector Accounting Standards. The Director General,KeNHA and the Project Implementation Team Leader for Eastern Africa Regional, Transport, Trade & Development Facilitation Project are of the opinion that the Project's financial statements give a true and fair view of the state of Project's transactions during the financial year/period ended June 30, 2016, and of the Project's financial position as at that date. The Director General,KeNHA and the Project Implementation Team Leader for Eastern Africa Regional, Transport, Trade & Development Facilitation Project further confirm the completeness of the accounting records maintained for the Project, which have been relied upon in the preparation of the Project financial statements as well as the adequacy of the systems of internal financial control. The Director General,KeNHA and the Project Implementation Team Leader for Eastern Africa Regional, Transport, Trade & Development Facilitation Project confirm that the Project has complied fully with applicable Govennent Regulations and the terms of external financing covenants, and that Project funds received during the financial year/period under audit were used for the eligible purposes for which they were intended and were properly accounted for. Approval of the Project financial statements The Project financial statements were approved by the Director General,KeNHA and the Project Implementation Team Leader for Eastern Africa Regional, Transport, Trade & Development Facilitation Project on 2V J /7 2016 and signed by them. Eng. Peter M.Mundinia Eng. David A. Muchilwa Director General, KeNHA General Manager (Special Project) VI REPUBLIC OF KENYA Telephone: +254-20-342330 P.O. Box 30084-00100 Fax: +254-20-311482 E-mail: oag@oagkenya.go.ke NAIROBI Website: www.kenao.go.ke OFFICE OF THE AUDITOR-GENERAL REPORT OF THE AUDITOR GENERAL ON EASTERN AFRICA REGIONAL TRANSPORT, TRADE AND DEVELOPMENT FACILITATION PROJECT CREDIT NO. 5638KE (IDA) FOR THE YEAR ENDED 30 JUNE 2016 - KENYA NATIONAL HIGHWAYS AUTHORITY REPORT ON THE FINANCIAL STATEMENTS I have audited the accompanying financial statements of Eastern Africa Regional Trade and Development Facilitation Project set out on pages 1 to 8, which comprise the statement of assets and liabilities as at 30 June 2016, and the statement of receipts and payments, statement of cash flows, statement of comparison of budget and actual amounts for the year then ended, and a summary of significant accounting policies and other explanatory information in accordance with the provisions of Article 229 of the Constitution of Kenya, Section 35 of the Public Audit Act, 2015 and the Financing Agreement dated 20 July 2015 between International Development Association (IDA) and the Republic of Kenya. I have obtained all the information and explanations which, to the best of my knowledge and belief, were necessary for the purpose of the audit. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with International Public Sector Accounting Standards (Cash Basis) and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. The management is also responsible for the submission of its financial statements to the Auditor-General in accordance with the provisions of Section 47 of the Public Audit Act, 2015. Auditor General's Responsibility My responsibility is to express an opinion on these financial statements based on the audit and report in accordance with the provisions of Section 48 of the Public Audit Act, 2015 and submit the audit report in compliance with Article 229(7) of the Constitution. The audit was conducted in accordance with International Standards of Supreme Audit Institutions. Those standards require compliance with ethical requirements and that the audit be planned and performed with a view to obtaining reasonable assurance that the financial statement are free from material misstatement. Report of the Auditor-General on the Financial Statements of Eastern Africa Regional Transport, Trade and Development Facilitation Project Credit No.5638KE (IDA) for the year ended 30 June 2016 - Kenya National Highways Authority Promoting Accountability in the Public Sector 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 judgement, 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 controls relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Project's internal controls. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the management, as well as evaluating the overall presentation of the financial statements. I believe the audit obtained is sufficient and appropriate to provide a basis for my audit opinion. Opinion In my opinion, the financial statements present fairly, in all material respects, the financial position of Eastern Africa Regional Transport, Trade and Development Facilitation Project as at 30 June 2016, and of its financial performance and its cash flows for the year then ended, in accordance with International Public Sector Accounting Standards (Cash Basis) and comply with the Loan Agreement. REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS As required by the International Development Association, I report based on my audit, that: i. I have obtained all the information and explanations which, to the best of my knowledge and belief, were necessary for the purpose of the audit; and, ii. In my opinion, proper books of account have been kept by the Project, so far as appears from my examination of those books; and, iii. The Project's statement of financial position is in agreement with the books of account. FCPA Edward R.O. Ouko CBS AUDITOR-GENERAL Nairobi 29 December 2016 Report of the Auditor-General on the Financial Statements of Eastern Africa Regional Transport, Trade and Development Facilitation Project Credit No.5638KE (IDA) for the year ended 30 June 2016 - Kenya National Highways Authority 2 EASTERN AFRICA REGIONAL TRANSPORT TRADE& DEVELOPMENT FACILITATION PROJECT Reports and Financial Statenients For the financial year eiided June 30, 2016 4. STATEMENT OF RECEIPTS AND PAYMENTS FOR THE PERIOD ENDED 30TH JUNE 2016 Note Cumulative 2015/2016 2014/2015 to date Kishs Kshs Kshs RECEIPTS Transfer from Government entities 8.2 119,555,543 - 119,555,543 Miscellaneous Receipts 8.3 6,225,092 - 6,225,092 Total receipts 125,780,635 - 125,780,635 PAYMENTS Purchase of goods and services 8.4 29,555,543 - 29.555,543 TOTAL PAYMENTS 29,555,543 2529,555,543 SURPLUS/DEFICIT FOR THE YEAR 96,225,092 - 9 6 ,2 2 5 ,0 9 2 The accounting policies and explanatory notes to these financial statements are an integral part of the financial statements Eng. Peter M.Mundinia Eng. David A. Muchilwa Director General, KeNHA General Manager (Special Project) Date 'Date EASTERN AFRICA REGIONAL TRANSPORT TRADE & DE VEL OPMENT FACILITATION PROJECT Reports and Financial Stateniets For the financial year eided June 30, 2016 5. STATEMENT OF FINANCIAL ASSETS AND LIABILITIES AS AT 30TH JUNE 2016 Note 2015/2016 2014/2015 Kshs Kshs FINANCIAL ASSETS Cash and Cash Equivalents Bank Balances 8.5 96,225,092 TOTAL FINANCIAL ASSETS 96,225,092 REPRESENTE BY: Cash and cash equivalents b/fwd 8.5A - Surplus/Deficit for the year 96,225,092 NET FINANCIAL POSITION 96,225,092 The accounting policies and explanatory notes to these financial statements form an integral part of the financial statements. The financial statements were approved on ?V 1l y 2016 and signed by: Eng. Peter M.Mundinia Eng. David A. Muchilwa Director General, KeNHA General Manager (Special Project) Date Date EASTERN AFRICA REGIONAL TRANSPORT TRADE& DEVIELOPIENT FACILITA77ON PROJECT Reports and Financial Statements For thefinancial year ended June 30, 2016 6 STATEMENT OF CASHFLOW FOR THE PERIOD 30TH JUNE 2016 Receipts for operating income 2015/2016 2014/2015 Transfer from Government 119,555,543- entities Payments for operating expenses Purchase of goods and services (29,555,543)- Miscellaneous Payments - Miscellaneous Receipts 6,225,092 Net cash flow from operating activities 96,225,092 CASHFLOW FROM INVESTING ACTIVITIES Acquisition of Assets Net cash flows from Investing Activities CASHFLOW FROM BORROWING ACTIVITIES Proceeds from Foreign/Local Borrowings Net cash flow from financing activities NET INCREASE IN CASH AND CASH 96,225,092 EQUIVALENT Cash and cash equivalent at BEGINNING of the year - Cash and cash equivalent at END of the year 96,225,092 The accounting policies and explanatory notes to these financial statements form an integral part of the financial , statements. The entity financial statements were approved on -(, 2016 and signed by: Eng. Peter M.Mundinia Eng. David A. Muchilwa Director General, KeNHA General Manager (Special Project) ／一｝ } EASTERNAFRICA REGIONAL TRANSPORTTRADE& DEVELOPMENTFACILITATION PROJECT Reports and Financial Statements For thefinancialyear ended June 30,2016 8 NOTES TO THE FINANCIAL STATEMENTS The principal accounting policies adopted in the preparation of these financial staternents are set Out below: 8.1 Statement of compliance and basis of preparation The financial staternents have been prepared in accordance Nvith and comply with International Public Sector ACCOUnting Standards (IPSAS) with particular emphasis on Cash Basis Financial z I Reporting Under the Cash Basis of Accounting. The financial staternents comply with and conform to the form of presentation prescribed by the Accounting Standards Board of Kenya. The financial staternents are presented in Kenya Shillings, Nvhlch is the functional and reporting Currency of the Project and all values are rounded to the nearest one Shilling. The accounting policies adopted have been consistently applied to all of the years presented. The financial statements have been prepai-ed on the cash basis following the Government's standard chart of accounts. The cash basis of accounting recognises transactions and events only when cash is received or paid Out by the Project. i. Recognition of revenue an(] expenses The Pr ject recognises all revenues frorn the various Sources when the event OCCUrs and the related cash has actually been received by the Project. In addition, the Project recognises all I expenses when the event Occurs and the related cash has aCtUally been paid out by the Project. il. In-kind donations In-kind donations are contributions made to the Project in the form of actual goods and/or services rather than in money or cash terms. These donations may Include vehicles, eqUipment or personnel services. Where the financial value of in-kind donations caii be reliably determined, the Project includes Such value in the staternent of receipts and payments both as revenue and as an expense in equal and opposite aniOUntS* otherwise, the donation is not recorded. ill. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and cash at bank, short-term deposits on call and highly liquid investments vith an original matt-11-ity of three months oi- less, which are z readily convertible to known anIOUntS of. 'cash and are Subject to insignificant risk of changes in value. Bank account balances include amounts held at the Central Bank of Kenya and at vat"10LIS commercial banks at the end of the financial year. For the purposes of these financial staternents, cash and cash equivalents also Include short term cash imprests an([ advances to aUth0l_lSCd public officers and/or institutions Which had not been Surrendered or aCCOUnted for at the end ofthe financial year EASTERNAFRICA REGIONAL TRANSPORT TRADE & DE VELOPMENT FACILITATION PROJECT Reports and Financial Statements For thefinancial Year ended June 30, 2016 SIGNIFICANT ACCOUNTING POLICIES (Continued) iv. Pending bills Pending bills consist of unpaid liabilities at the end of the financial year/period arising from contracted goods or services during the year/period or in past years/periods. As pending bills do not involve the payment of cash in the reporting period, they are simply disclosed as an Annex to the financial statements. When the pending bills are finally settled, such payments are included in the statement of receipts and payments in the year in which the payments are made. v. Budget The budget is developed on the same accounting basis (cash basis), the same accounts classification basis, and for the same period as the financial statements. The Project's budget was approved as required by Law and National Treasury Regulations, as well as by the participating development partners, as detailed in the Government of Kenya Budget Printed Estimates for the year. A high-level assessment of the Project's actual performance against the comparable budget for the financial year/period under review has been included in an annex to these financial statements. vi. Exchange rate differences The accounting records are maintained in the functional currency of the primary economic environment in which the Project operates, Kenya Shillings. Transactions in foreign currencies during the year/period are converted into the functional currency using the exchange rates prevailing at the dates of the transactions. Any foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the statements of receipts and payments. vii. Comparative figures Where necessary comparative figures for the plrevioLs Financial year/period have been amended or reconfigured to conform to the required changes in financial statement presentation. viii. Subsequent events There have been no events subsequent to the financial year/period end with a significant impact on the financial statements for the year ended June 30, 20 16. 6 EASTERN AFRICA REGIONAL TRANSPORT TRADE & DEVELOPMENT FACILITATION PROJECT Reports and Financial Statements For the financial year ended June 30, 2016 8.2 RECEIPTS FROM GOVERNMENT OF KENYA These represent counterpart funding and other receipts from government as follows: 2015/16 2014/15 Cumulative Kshs Kshs to-date Quarter 1 6,561,041 - 6,651,041 Quarter 2 99,857,147 - 99,857,147 Quarter 3 7,727,689 - 7,727,689 Quarter 4 5,409,666 5,409,666 119,555,543 - 119,555,543 8.3 MISCELLANEOUS RECEIPTS 2015/2016 2014/2015 Cumulative Kshs Kshs to-date Bank Interest 6,225,092 96,225,092 Total 6,225,092 96,225,092 8.4 PURCHASE OF GOODS AND SERVICES 2015/2016 2014/2015 Cumulative Kslis Kshs Domestic travel and subsistence 29,555,543 54 29,555,543 29,555,543 - 29,555,543 8.5 CASH AND CASH EQUIVALENTS C/FWD 2015/2016 2014/2015 Kshs Kslis Bank accounts (Note 8.5A) 96,225,092 96,225,092 8.5A BANK ACCOUNTS 2015/2016 2014/2015 Kshs Kshs Local Currency Accounts Accounts Opening Amount 90,000.000 Deficit/SUrplus 6,225,092 National Bank of KenyaLtd [A/c No.01001032662501] 96,225,092 7 /--[―· �, _ v � � ш r � � �_ С . � � � U ❑ о . о � � €. � о k � � д � й � i � у О о О . U U ^ Г � ^ � о о о � � � о J.� � [� О О О � +' .. r �-+ \ М О О О о Г' ,.., 'Ш .. О.� С' .. 'L� �с� о о о о О 4 � � •� F� � V .� � � � _ � � ° р .-. � и о N � и и � � -� о о м д- �t ` �� �r о с� v� � и я и „-, i h Z о V '�' О n1 N '� '� � ~� � О N 7 О О � � bA й r о � О � .-1 i о � "� ' � ° � ° � ;^ r г, г. Э � а а�� � -' О � � '� � � м -� � � � i--. � и О �л и и � � а о r И N 00 и И и N [ � и in "`� р � �. у � � � и � с� С� Z � о r � � cv г� � � ш � U q � � U' r о о � о м � о � р о о о -д- и о � � о о о и � о т о о о й -д- о i � j оо оо о й -� о , J �, о о о � о о ; � � гЧ о cV r� � г� bA N N W Q ^� _' �' _' '_' ч Q � р �_ с о � Г � ' Г . s � и F.Ч � Z � О д 1- - и о � � � z � Ё. г о Q = Q "� � о � о °' v i � и м ш `л r 1 � -'"�". .`�`. ш W � `�= . � � � � � '� V ь-�"'�-� i-" > п � �. Z н . °: � а Е-� � й J �� � �� � � r � � � w�, J а л ^ н •о. , � � ; _ - .. > � с N� r г, U оЛ е� гл � �О -_ -� _ � �О о V � _J � � � � `- J � д О ^-�� '�,'�, ! � � � Х � .-� о - `-" г/� •�, С7 `-' �- � L ':, ш гл � � � о = Е-� �"�.г .: _. �' ° � . . '� � � � F' L-1 J ь_ 'с� J � ,гг� о и - и � � Z ^r-� .^-� `- '-- с'✓ �^--г :-� -. .> i� С � С Q ,--г � _ � _ :.� W � � J _, � ; �� �- �� : = , 5� = _ � _ � � � и� ;� � �-� ��� � I Й=,� L=+ ��� О � - л � L` i � у �з О � С : r/ i� � =] S �. i" � �i � �-L� I EASTERNAFRICA REGIONAL TRANSPORT TRADE& DEVELOP1111ENT Ell CILITA TION PROJECT Reports and rinancial Statentents -oi- thef - ended June 30, 2016 wancialyew ANNEX 2A - ANALYSIS OF PENDING BILLS Supplier of 01-ioinal Date Amount Outstanding Outstandina Goods or Paid To- Amount Contracted Balance Balance L Services Date 2016 2015 a b c d=a-c F' Total L 10