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2.     Financial Statements
2.1    Opinion
       So far as appears from my examination and to the best of information and according
      to the explanations given to me, I am of opinion that,

      (a)    the Project had maintained proper accounting records for the year ended
             31 December 2017 and the financial statements given a true and fair view of
             the state of affairs of the Project as at 31 December 2017 in accordance with
             Generally Accepted Accounting Principles,


      (b )   the funds provided had been utilized for the purposes for which they were
             provided,

      (c)    the opening and closing balances, withdrawals from and replenishments to the
             Special (Dollar) Account had been truly and fairly disclosed in the book and
             records maintained by the Project and the balance as at 31 December 2017 had
             been satisfactorily reconciled with the accounting records of the Central Bank
             of Sri Lanka as at that date,

      (d)    the Statements of Expenditure submitted could be fairly relied upon to support
             the applications for reimbursement in accordance with the requirements
             specified in the Financing Agreement,

      (e)    the satisfactory measur�s had been taken by the management to rectify the
             issues highlighted in my previous year audit report, and


      (f)    the financial covenants laid down 111 the Financing Agreement had been
             complied with.




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