l •THE UNITED REPUBLIC OF TANZANIA NATIONAL AUDIT OFFICE REPORT OF THE CONTROLLER AND AUDITOR GENERAL ON THE FINANCIAL STATEMENTS OF ENERGY SECTOR CAPACITY BUILDING PROJECT (ESCBP) FOR THE FINANCIAL YEAR ENDED 3TH JUNE, 2018 Controller and Auditor Generat, National Audit Office, 16 Samora Machet Avenue, P.O. Box 9080, 11101 Dar es Salaam, Tanzania. 4 Tel: 255 (022) 2115157/8, Fax: 255 (022) 2117527 4WI E-mail: ocagonao.go.tz Website: 8 A.nEC_ &0.2tz December,2018 AR/ ESCBP /2017/2018 TABLE OF CONTENTS A b b rev iatio n s ..................................................................................... iii 1.0 G EN ERA L IN FO RM AT ION.................................................................. 1 .1 . M a n d a te .............................................. .................................e1 1.2. Vision, M ission and Core Values.......................................................... 1 1.4 A u d it Sco p e ............................................................................ ....2 1.5 A udit M ethodology ........................................................................2 2.0 INDEPENDENT REPORT OF THE CONTROLLER AND AUDITOR GENERAL.........3 ii Office of the Controller and Auditor General AR/ESCBP/2017/2018 Abbreviations AR Audit Report ESCBP Energy Sector Capacity Building Project ISSAIs International Standards of Supreme Audit Institutions IPSAS International Public Sector Accounting Standards NAO National Audit Office PAA Public Audit Act No.11 of 2008 Sect. Section Office of the Controller and Auditor General AR/ESCBP/2017/2018 1.0 GENERAL INFORMATION 1.1. Mandate The statutory duties and responsibilities of the Controller and Auditor General are given under Article 143 of the Constitution of the URT of 1977 (revised 2005) and in Sect. 10 (1) of the Public Audit Act No.11 of 2008. 1.2. Vision, Mission and Core Values Vision To be a highly regarded Institution that excels in Public Sector Auditing. Mission To provide high quality audit services that improves public sector performance, accountability and transparency in the management of public resources. Core Values In providing quality services, NAO is guided by the following Core Values: " Objectivity: We are an impartial public institution, offering audit services to our clients in unbiased manner. " Excellence: We are professionals providing high quality audit services based on standards and best practices. " Integrity: We observe and maintain high standards of ethical behaviour, rule of law and a strong sense of purpose. " People focus: We value, respect and recognize interest of our stakeholders. " Innovation: We are a learning and creative public institution that promotes value added ideas within and outside the institution. V Results Oriented: We are an organization that focuses on achievement based on performance targets. V Team work Spirit: We work together as a team, interact professionally, share knowledge, ideas and experiences. We do this by:- * Contributing to better stewardship of public funds by ensuring that our clients are accountable for the resources entrusted to them; * Helping to improve the quality of public services by supporting innovation on the use of public resources; * Providing technical advice to our clients on operational gaps in their operating systems; * Systematically involve our clients in the audit process and audit cycles; and * Providing audit staff with appropriate training, adequate working tools and facilities that promote their independence. © This audit report is intended solely for the information of Energy Sector Capacity Building Project (ESCBP) and the World Bank. However, upon released by the World Bank, it becomes a public record and its distribution may not be limited. Office of the Controller and Auditor General AR/ESCBP/2017/2018 1.3 Audit Objectives To obtain reasonable assurance about whether the Financial Statements as a whole are free from material misstatement, whether due to fraud or error and are prepared in accordance with an applicable financial reporting framework; and whether laws and regulations have been complied with. 1.4 Audit Scope The audit was carried out in accordance with the, the International Standards of Supreme Audit Institutions (ISSAIs) and other audit procedures as were deemed appropriate under the circumstances. This covered the evaluation of the effectiveness of the financial accounting system and internal control over various activities of the Energy Sector Capacity Building Project. The audit was conducted on a sample basis; therefore, the findings are confined to the extent that records, documents and information requested for the purpose of the audit were made available to me. Audit findings and recommendations arising from the examination of the accounting records, appraisal of the activities as well as evaluation of the Internal Control System which requires management's attention and actions, are set out in the management letter issued separately to the Energy Sector Capacity Building Project. As an auditor, I am not required to specifically search for fraud and therefore, my audit cannot be relied upon to disclose all such matters. However, my audit was planned in such a way that I would have reasonable expectations of detecting material errors and misstatement in the financial statements resulting from irregularities including fraud. The responsibility for detection, prevention of irregularities and the maintenance of an effective and adequate system of internal control rests with the management of the Energy Sector Capacity Building Project. 1.5 Audit Methodology My audit approach included tests of the accounting records and other procedures in order to satisfy the audit objectives. My audit procedures included the following: * Planning the audit to identify and assess risks of material misstatement, whether due to fraud or error, based on an understanding of the entity and its environment, including the entity's internal controls. * Obtain sufficient appropriate audit evidence about whether material misstatements exist, through designing and implementing appropriate responses to the assessed risks. * Form an opinion on the financial statements based on conclusions drawn from the audit evidence obtained. * Follow up on the implementation of the previous year's audit findings and recommendations to ensure that proper action has been taken in respect of all matters raised. 2 Office of the Controller and Auditor General AR/ESCBP/2017/2018 2.0 INDEPENDENT REPORT OF THE CONTROLLER AND AUDITOR GENERAL To: Permanent Secretary, Ministry of Energy, Kikuyu Street, P.O. Box 422, 40474 DODOMA. Ref: Report on the audit of financial statements of Energy Sector Capacity Building Project for the financial year ended 30th June, 2018 Unqualified Opinion I have audited the accompanying Financial Statements of Energy Sector Capacity Building Project, which comprise the statement of financial position as at 30th June, 2018 and the statement of financial performance, the statement of changes in net assets/equity the cash flow statement and the statement of comparison of budget and actual amounts for the year then ended, as well as the notes to the Financial Statements, including a summary of significant accounting policies set out in the audited financial statements. In my opinion, the accompanying Financial Statements present fairly in all material respects, the financial position of Energy Sector Capacity Building Project as at 30th June, 2018, and its financial performance and its cash flows for the year then ended in accordance with International Public Sector Accounting Standards (IPSAS) Accrual basis of accounting and in the manner required by the Public Finance Act, 2001 revised 2004. Basis for Opinion I conducted my audit in accordance with International Standards of Supreme Audit Institutions (ISSAIs). My responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the financial statements section of my report. I am independent of Energy Sector Capacity Building Project in accordance with the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants (IESBA Code) together with the ethical requirements that are relevant to my audit of the financial statements in Tanzania, and I have fulfilled my other ethical responsibilities in accordance with these requirements and the IESBA Code. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my opinion. 3 National Audit Office AR/ESCABP/2017/2018 Information Other than the Financial Statements and Auditor's Report Thereon My opinion on the financial statements does not cover the other information and I do not express any form of assurance conclusion thereon. In connection with my audit of the financial statements, my responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or my knowledge obtained in the audit, or otherwise appears to be materially misstated. If, based on the work I have performed on the other information that there is a material misstatement of this other information, I am required to report that fact. I have nothing to report in this regard. Key Audit Matters Key audit matters are those matters that, in my professional judgment, were of most significance in my audit of the financial statements of the current period. These matters were addressed in the context of my audit of the financial statements as a whole, and in forming my opinion thereon, and I do not provide a separate opinion on these matters. I have determined that there are no key audit matters to communicate in my report. Responsibilities of Management and Those Charged with Governance for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with IPSASs, 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. In preparing the financial statements, management is responsible for assessing the entity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the entity or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the entity's financial reporting process. Auditor's Responsibilities for the Audit of the Financial Statements My objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes my opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISSAls will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could 4 National Audit Office AR/ESCABP/2017/2018 reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. In addition, Sect. 10 (2) of the PAA No.11 of 2008 requires me to satisfy myself that, the accounts have been prepared in accordance with the appropriate accounting standards. Further, Sect. 48(3) of the Public Procurement Act No.7 of 2011 requires me to state in my annual audit report whether or not the audited entity has complied with the provisions of the Law and its Regulations. Report on Other Legal and Regulatory Requirements Compliance with the Public Procurement Act, 2011 In view of my responsibility on the procurement legislation and taking into consideration the procurement transactions and processes I have reviewed as part of this audit, I state that, Energy Sector Capacity Building Project procurement transactions and processes have generally complied with the requirements of the Public Procurement Act No.7 of 2011 and its underlying Regulations of 2013. Salhina M. Mkumba Ag. CONTROLLER AND AUDITOR GENERAL 31 December, 2018 National Audit Office of Tanzania, P.O. Box 9080, 11101 Dar es Salaam, Tanzania. Tel: 255 (022) 2115157/8 Fax: 255 (022) 2117527 Email: ocagonao.go.tz Copy to: Chief Secretary, State House, P.O. Box 9120, 1 Barack Obama Road, 11400 DAR ES SALAAM. 5 National Audit Office AR/ESCABP/2017/2018 Permanent Secretary and Paymaster General, Ministry of Finance and Planning, Treasury Square Building, P.O. Box 2802, 40468 DODOMA. World Bank Representative, 50 Mirambo Street, P.O. Box 2054, DAR ES SALAAM. Commissioner for Energy and Petroleum Affairs, Ministry of Energy, P. 0. Box 2494, DODOMA. 6 National Audit Office AR/ESCABP/2017/2018 Financial Statement 30th June 2018 UNITED REPUBLIC OF TANZANIA MINISTRY OF ENERGY ENERGY SECTOR CAPACITY BUILDING (ESCBP) FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2018 Ministry of Energy, Kikuyu Street, P. 0. Box 422, Dodorna.________ _____________________ Financial Statement 30' June 2018 TABLE OF CONTENTS A b b re v ia tion....i....... ......... .................................................................. .2 Statement of Permanent Secretary ............................... ................rt--y.33-4 Statement of Management Responsibility .............................................pi......5 Declaration of the Head of Finance and Accounts............................................6 Statement of Financial Position.............. .......................................................7-8 Statement of Financial Performance.................................-. ..9 Statement of Cash flows .............................................................................10 Statement of Change in Net Assets/Equity................................................q-y111 Notes to the Financial Statements ...............................................................12-18 1 Financial Statement 30"' June 2018 ABREVIATION BOT Bank of Tanzania CIDA Canadian International Development Agency ESCBP Energy Sector Capacity Building Project EWURA Energy and Water Utilities Regulatory Authority IDA International Development Association MEM Ministry of Energy and Minerals OSHA Occupation Safety and Health Authority PPP Public Private Partnership TANESCO Tanzania Electric Supply Company Limited TEITI Tanzania Extractive Industries Transparency Initiative TPDC Tanzania Petroleum Development Corporation VETA Vocational Education and Training Authority 2 Financial Statement 30"' June 2018 United Republic of Tanzania Ministry of Energy and Minerals Energy Sector Capacity Building Project STATEMENT FROM PERMANENT SECRETARY FOR THE YEAR ENDED 30TH JUNE 2018 On 1 1th October, 2001 the Government commenced implementation of the Songo Songo Natural Gas Development & Power Generation Project which 85% was financed by IDA - World Bank and 15% of local expenditure was financed by the Government of United Republic of Tanzania. Following successful completion of the Songo Songo Project in 2010 and significant natural gas discoveries, the Government initiated the Tanzania Energy Sector Capacity Building Project (ESCBP) aimed to bridge institutional and human resource gap in the energy sector particularly in the natural gas sub sector. On February 26, 2013 the Government and IDA- World Bank finalized preparation of Project Appraisal Document (PAD) for ESCBP which lead to signing of the Financing Agreement on 18th April, 2013. The total approved cost of project was US$35 million of which, US$21.46 million equivalent to 61.3% loan from IDA and US$13.54 million equivalent to 13.7% grant from CIDA which treated the same during implementation. The loan will have ten years grace period for repayment of principal and 40-year door -to door maturity. The project comprises of five main components; Petroleum Policy and Legal Framework, Strengthening Institutional Sector Management, Coordination and Governance, Education & Skills Development, Large Power Generation and Natural Gas PPP Projects Capacity Building, and Project Coordination. These components are implemented jointly with beneficiary institutions includes, TPDC, TANESCO, EWURA, OSHA, TEITI and VETA On 20th February, 2014, IDA declared an effective date for the project after the borrower/Government met all preconditions stipulated in the signed Financing Agreement. The project has account at the Bank of Tanzania (BOT) which is operated by the Ministry. During 2017/18 the Project implemented several activities which included trainings, workshops and procurement of goods and services. Specifically, the project through a resident Occupational Health and Safety advisor for OSHA managed to develop 12 the oil and gas related regulations; the stakeholder's consultation process is underway to finalize the regulations. Through NEMC the project conducted a final stakeholder's workshop to finalize the develop Strategic Environmental and Social Impact Assessment (SESIA) and the final SESIA report will be submitted in December, 2018. The process of preparing an Education and Skills Development Plan is underway whereby an Advisor managed submits inception report which outlined the content of the Plan. Procurement of consultancy services such as petrochemical industrial, gas distribution for coast region and baseline survey is 3 Financial Statement 30"' June 2018 underway. In addition, to enhance capacity of the Ministry and related institutions in the oil and gas sector trainings on legal, financial and project management were conducted. Also during the 2017/18 the project experienced institutional and administrative changes which posed new challenges in coordinating and supervising the ongoing activities. The Ministry of Energy and Minerals was split in to two Ministries for Energy and Minerals. Also in July, 2018 all the Ministry's operations were shifted to Dodoma. These changes impacted pace of project activities including, procurement processes and M&E activities. These challenges lead the project to find new office allocation cause new procurements and repair of project assets and fixtures. Despite those challenges, the beneficiary institutions which are continuing to implement the project in accordance with approved Project Procurement Plan of August 2014 include implementation of training programmes as per institutions needs. Assessment (SESIA) for NEMC, a resident Occupational Health and Safety advisor for OSHA was done while Education and Skills Development Advisor for VETA and other services are underway as per procurement procedure. In addition, the beneficiary institutions which are continuing to implement the project in accordance with approved Project Procurement Plan of August 2015 include implementation of training programmes as per institutions needs. Dr.Hamisi Mwinyimvua Date Accounting Officer 4 Financial Statement 30"' June 2018 United Republic of Tanzania Ministry of Energy and Minerals Energy Sector Capacity Building Project STATEMENT OF MANAGEMENT RESPONSIBILITY FOR THE YEAR ENDED 30TH JUNE 2018 Management of the Energy Sector Capacity Building Project is responsible for the preparation of the annual Financial Statements, which give a true and fair view of the entity's state of affairs and its operating results in accordance with International Public Sector Accounting Standards (IPSAS) on Accrual Basis, in conformity with the provision of the Public Finance Act No. 6 of 2001 Section 25(2) & (4) (as revised in 2015). This responsibility includes: designing, implementing and maintaining internal controls relevant to the preparation and presentation of the financial statements that are free from material misstatement, whether on account of fraud or error, selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances which provide reasonable assurance that the transactions recorded are within statutory authority, and properly record the use of all public financial resources accordingly. To the best of our knowledge, the system of internal control has operated adequately throughout the reporting period and that the records and underlying accounts provide a reasonable basis for the preparation of the Financial Statements for the year ended 30th June, 2018 Procurement of goods, works and consultancy and non-consultancy services to the extent that they are reflected in these financial statements have been done in accordance with the Public Procurement Act no. 9 of 2011 and its Regulations 2013. We accept responsibility for the integrity of these financial statements, the information they contain and their compliance with the Public Finance Act No. 6 of 2001 (as revised in 2015) and its Regulations; International Financial Reporting Standards (IFRS); International Public Sector Accounting Standards (IPSAS) Accruals basis; and Guidelines issued or may be issued from time to time by Paymaster General and Accountant General. In our opinion, nothing has come to the attention of the management that the financial statements doesn't present fairly all material respect of the operations of the entity and will not remain a going concern for the next twelve months from the date of these statements. Dr.Hamisi Mwinyimvua Date Accounting Officer 5 Financial Statement 301h June 2018 United Republic of Tanzania Ministry of Energy Energy Sector Capacity Building Project DECLARATION OF THE HEAD OF FINANCE AND ACCOUNTS. The National Board of Accountants and Auditors (NBAA) according to the power conferred under the Auditors and Accountants (Registration) Act. No. 33 of 1972, amended on 1995, The Act requires financial statements to be accompanied with a declaration issued by the Head of Finance/Accounting responsible for the preparation of financial statements of the entity concerned. It is the duty of a Professional Accountant to assist the Board of Directors/Governing Body/Management to discharge the responsibility of preparing financial statements of an entity showing true and fair view of the entity position and performance in accordance with applicable International Accounting Standards and statutory financial reporting requirements. Full legal responsibility for the preparation of financial statements rests with the Board of Directors/Governing Body as under Directors Responsibility statement on an earlier page. I CPA MICHAEL P. MARANDU, being the Head of Finance and Accounts of ESCBP hereby acknowledges my responsibility of ensuring that financial statements for the year ended 30th June, 2018 have been prepared in compliance with applicable accounting standards and statutory requirements. I thus confirm that the financial statements give a true and fair view position of the Energy Sector Capacity Building Project (ESCBP) as on that date and that they have been prepared based on properly maintained financial records. Signed by: Position :Chief Accountant NBAA Membership No 6068 Date: 30.06.2018 6 Financial Statement 30h June 2018 STATEMENT OF FINANCIAL POSITION AS AT 30TH JUNE 2018 2017/2018 2016/2017 DETAILS NOTES USD USD CURRENT ASSET Cash and Cash Equivalent 4 4,292,598.01 2,926,037.86 Account Receivable 9 110,780.34 Inventories Total Current Asset 4,292,598.01 3,036,818.20 NON CURRENT ASSET PPE 7 22,287.96 17,589.80 Intangible Assets Total Non Current Asset 22,287.96 17,589.80 TOTAL ASSET 4,314,885.97 3,054,408.00 LIABILITIES CURRENT LIABILITIES Account Payables Deffered Income Total Current Liabilities NON CURRENT LIABILITIES Development Deferred Income Total Non Current Liabilities TOTAL LIABILITIES Net Assets 4,314,885.97 3,054,408.00 NET ASSET/EQUIT Capital Contributed by: Accumulated surpluses/(Deficts) 4,314,885.97 3,054,408.00 TOI'Al NET ASSETS/EQUIT 4,314,885.97 3,054,408.00 FzbahruLDiiliwa Mohamed Fakihl Ag.Assistant Commissioner Natural Project Manager Gas Date Date Financial Statement 30"' June 2018 United Republic of Tanzania Ministry of Energy Energy Sector Capacity Building Project STATEMENT OF FINANCIAL PERFORMANCE FOR THE YEAR ENDED 30TH JUNE 2018 2017/2018 2016/2017 DETAILS NOTESUSUD USD USD REVENUE Cah Received from Government IDA 3 1,961,530.91 516,183.81 TOTAL REVENUE 1,961,530.91 516,183.81 EXPENSES AND TRANSFERS Expenses Administrative Expenses 5 505,776.04 1,112,806.50 Other Expenses 6 - 664,796.61 Depreciation (PPE) 7 10,901.09 8,663.63 Total Expenses 516,677.13 1,786,266.71 Transfers Transfers to others 8 184,375.81 189,946.79 Total Transfers 184,375.81 189,946.79 TOTAL EXPENSES AND TRANSFERS 701,052.94 1,976,213.50 Surplus/(Deficity) for the period 1,260,477.97 (1,460,029.69) Ebahart Dilliwa Mohamed Fakihi Ag.Assistant Commissioner Natural Project Manager Gas Date Date 8 Financial Statement 30"' June 2018 Government of United Republic of Tanzania Ministry of Energy Energy Sector Capacity Building Project STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30TH JUNE 2018 2017/2018 2016/2017 USD USD CASH FLOW FROM OPERATING ACTIVITIES Cash Receipt from GOT - - Cash Receipt from IDA 1,961,530.91 516,183.81 Exchange rate variation Cash Paid to Finance Administrative Expenses (394,995.73) (718,050.87) Cash Paid to Other Expenses - (664,796.61) Transfers ( 184,375.81) (189,946.79) Net Cash Flow From Operations 1,382,159.37 (1,056,610.43) CASH FLOWS FROM INVESTING ACTIVITIES Purchase of PPE (15,599.25) Proceed From Sale of PPE Purchase of Investment Net Cash Flow From Investing Activities (15,599.25) CASH FLOWS FROM FINANCING ACTIVITIES Proceed From borrowings Repayment of borrowings Net Cash Flow From Investing Net Increase in Cash and Cash Equivalent 1,366,560.15 (1,056,610.43) Cash and Cash Equivalent at beginning of Period 2,926,037.86 3,982,648.29 Cash and Cash Equivalent at end of Period 4,292,598.01 2,926,037.86 Ebahart Dilliwa Mohamed Fakihi Ag.Assistant Commissioner Natural Project Manager Gas Date Date 9 Financial Statement 30"' June 2018 Republic of Tanzania Ministry of Energy Energy Sector Capacity Building Project STATEMENTS OF CHANGES IN NET ASSETS/EQUITY FOR THE YEAR ENDED 30TH JUNE 2018 DETAILS 2017/2018 2016/2017 USD USD Opening Balance 3,054,408.00 4,514,437.69 Capital Funds Received Adjustment of Taxpayers Fund Revaluation Surplus/ (Deficit) Surplus/(Deficit) for the year 1,260,477.97 (1,460,029.69) Closing Balance 4,314,885.97 3,054,408.00 Ebaha illiwa Mohamed Fakihi Ag.Assistant Commissioner Natural Project Manager Gas Date Dat 10 Financial Statement 30"' June 2018 United Republic of Tanzania Ministry of Energy Energy Sector Capacity Building Project NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2018 1. GENERAL INFORMATION The objective of Energy Sector Capacity Building Project include strengthen the capacity of the Government to develop its natural gas sub-sector and Public Private Partnership (PPP) for the power generation sector. 2 SIGNIFICANT ACCOUNTING POLICIES The principal accounting policies adopted in the preparation of these financial statements are set below. These policies have been consistently applied to all the years presented unless otherwise stated. 2.1 Basis of preparation The financial statements for this year have been prepared on Accrual Basis of accounting. 2.2 Comparatives Where necessary, comparatives figures have been adjusted to conform to the changes in the current year. In particular, comparative figures have been adjusted for change in presentation to ensure compliance with International Standards. 2.3 Revenue Recognition Revenue from IDA is recognized on accrual basis. When Grants is related to an expense items, it is recognized as income over the years necessary to match the Grant on systematic basis to the costs intended for 2.4 Property, Plant & Equipments Depreciation is provided so as to allocate the cost of assets on a reducing balance method over the expected useful lives of the concerned assets. The principal rates used for this purpose are: Vehicle 25% Furniture & Fittings 12.5% Equipments 33.3% 11 Financial Statement 30"' June 2018 Gains and Losses on disposal of assets are determined and included in the results for the year. 2.5 Function and presentation currency The reporting currency is United State Dollars. Transactions in Tanzania Shillings during the year are converted to United state Dollars at the average exchange rate ruling at the end of reporting period (i.e. at mean monthly rate). Resulting exchange differences are recognised in the Statement of Financial Performance for the year. 2.67 Cash and Cash Equivalent Cash and cash balances include cash in hand and cash at bank at the end of financial year. 2.7 Going Concern The accounts have been prepared on going concern basis on the assurance by the Project Management that they will continue to provide financial support for the foreseeable future. 2.9 Contingent Liabilities There are no contingent liabilities for this year 3 Revenue IDA DETAILS 2017/2018 2016/2017 REVENUE: USD USD Funds From IDA 1,961,530.91 516,183.81 Funds From Government - TOTAL REVENUE1,961,530.91 516,183.81 REVENUE 4 Cash & Cash Equivalent 2017/2018 2016/20171 PARTICULARS U70 U01 USD USD ESCBP ACCOUNT 4,292,598.01 2,926,037.86 TOTAL 4,292,598.01 2,926,037.86 12 Financial Statement 30 June 2018 5 Administrative Expenses 2017/2018] 2016/2017 USD USD Accomodation Advertising & Publication 884.71 Air Travel Tickets 6,887.99 44,523.41 Audit fee Conference Facilities 28,439.47 Consultancy Fee 213,134.41 515,552.26 Computer Software Motor vehicle & Water 5,174.67 crafts Extra Duty Allowance Food & Refreshments 5,165.67 541.44 Fuel - Diesel 2,105.58 Furnitures Ground Travel Honoraria Incidental Expenses Medical Refund 1,779.37 On Transit Allowance Perdiem - Domestic Perdiern - Domestic 68,045.80 11,182.52 Perdiem - Foreign 4,534.67 Printing & Photocopy Research and Dissertation -_- Special Imprest Standing Imprest 394,755.63 13 Financial Statement 30" Jne 2018 Stationaries/Consumables 88,303.67 27,817.40 Sundry Expenses Communication Network Services 9,769.81 Sitting Allowance Training Fees 12,573.45 29,573.47 Training Materials Contribution to EAPCE 17 Travelling Expenses Transport Allowance i VISA Application Fee 536.00 Up keep allowance 110,780.34 36,520.80 TOTAL 505,776.04 1,112.806.50 6 Other Expenses 2017/2018 2016/2017 UsD USD Weights & Measure Equipments 664,796.61 Special needs & supplies Installation of medical & Lab.equipment | TOTAL 664,796.61 7 PROPERTY ,PLANTS AND EQUIPMENTS E OFFICE MOTOR FURNITURE i VEHICLE CUMMULATIVE USD USD USD TOTAL Cost 330 12.50% 25% Cost of Assets at the beginning of the year 01.07.2017 17,339.58 250.22 I 17,589.80 Additions during the year 15,599.25 - 15,599.25 14 Financial Statement 30" June 2018 Total Cost of Assets as at 30.06.2018 32,938.83 250.22 - 33,189.05 Depreciation Charge for the year 10,869.81 31.28 - 10,901.09 Gross Asset book value at 30.06.2018(Depreciable Value) 22,069.02 218.94 - 22,287.96 8 Transfers 2017/2018 2016/2017 USD USD Transfer to OSHA 87,297.46 46,452.77 Transfer to PURA 24,458.93 Transfer to MRI 68,528.56 Transfer to TPDC 70,185.86 Transfer to NEMC 126,892.49 50,506.53 TOTAL 184,375.81 189,946.79 9. ACCOUNTS RECEIVABLES (OUTSTANDING IMPREST) DETAILS 2017/2018 2016/2017 USD USD Denice Msc - 36,000.00 Sylvanus Malimi - 23,267.56 Assa -28,191.98 Mwakilembe Sylvanus Malimi - 23,320.80 TOTAL -_110,780.34 15 Financial Statement 30"' June 2018 United Republic of Tanzania Ministry of Energy Energy Sector Capacity Building Project STATEMENT OF BUDGET AGAINST ACTUAL EXPENDITURE FOR THE YEAR ENDED 30TH JUNE 2018 CURRENT YEAR ACTIVITY APPROVED CURRENT RATIO (%) CURRENT BUDGET YEAR AS AT YEAR ITEMS ACTUAL 30.06.2017 VARIANCE INCOME USD USD USD IDA 5,188,790.10 1,961,530.91 37.80 3,227,259.19 Balance b/d 2017 2,926,037.86 2,926,037.86 100.00 Total Income as at 30th June 2018 8,114,827.96 4,887,568.77 60.23 3,227,259.19 EXPENDITURE Fixed Assets Depreciation 126,052.35 10,901.09 8.64 115,151.26 Air Travel Tickets 51,413.92 6,887.99 13.40 44,525.93 Conference Facilities 92,000.00 92,000.00 Advertising and Publication 6,621.73 884.71 13.36 5,737.02 Stationery 173,000.00 88,303.67 51.04 84,696.33 Consulting services 1,591,942.54 213,134.41 13.39 1,378,808.13 16 Financial Statement 30' June 2018 Training Fees 606,206.01 12,573.45 2.07 593,632.56 Additions: Property, Plant and Equipment 831,979.81 15,599.25 1.87 816,380.56 Food and Refreshment 27,300.00 5,165.67 18.92 22,134.33 Visa Application Fees 67,000.00 - - 67,000.00 Diesel 56,200.00 - - 56,200.00 Medical Refund - _ Perdiem Domestic 384,913.29 68,045.80 17.68 316,867.49 Perdiem Foreign 152,332.32 - - 152,332.32 Weights & Measure Equipment Transfer to MRI - Transfer to VETA 78,340.00 70,185.86 71.24 22,525.67 Transfer to OSHA 126,700.00 87,297.46 68.90 39,402.54 Transfer to NEMC 646,614.10 26,892.49 4.15 619,721.61 Total Expenditure 5,018,616.07 605,871.85 Ebahart Dilliwa Mohamed Fakihi Ag.Assistant Commissioner Natural Project Manager Gas Dkte Date 17 Financial Statement 30"' June 2018 18