I MINISTRY OF WATER IRRGATION AND ELECTRICITY ETHIOPIAN NILE IRRIGATION AND DRAINAGE PROJECT I I I INDEPENDENT AUDITORS REPORT AND DESIGNATED ACCOUNT I 7 JULY 2015 g I -WTM TO TMS Plus ?+tdAZhdf- %4fl ftAP* (h.) Chartered Certified Accountants (UK) V+A.J -4 .( (mA f&*'f) Authorized Auditors (Ethiopia) A.4. 011618450116180638/8961752 Tel. 011 6184501/0116180638/8961752 Fax 662 12 60 4-hM 011662 12 60/70 Mob. 0911229425 /0930034356/57 YA.k. 110690 P.O. Box - 110690 e-mail tmsplus@ethionet.et hpu) Anq Aff-kkf Addis Ababa-Ethiopia | M- Chartered Certified Accountants (UK) and Authorised Auditors (Ethiopia) Tel. 251-011 6180638/ 011-8961751/52 Mob. 0911 229425 /0930 034356/0930 034357/0913 135454/ Fax 251-011 6621270/60 E-mail:- tmsplus@ethionet.et /tafessef@hotmail.com P.O.Box 110690 Addis Ababa - Ethiopia INDEPENDENT AUDITORS' REPORT ON THE DESIGNATED ACCOUNTS OF ETHIOPIAN NILE IRRIGATION AND DRAINAGE PROJECT (ENIDP) UNDER MINISTRY OF WATER IRRIGATION AND ELECTRICITY We have audited the accompanying designated account of Ethiopian Nile Irrigation and Drainage Project (4333-ET) and 4976 ET under Ministry of Water, Irrigation and Electricity for the year Ended 07 July 2015. Managements' Responsibility for the Designated Accounts The project's Management is responsible for the preparation and fair presentation of the financial statement in accordance with International Financial Reporting Standards, World Bank guidelines 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. Auditors' Responsibility Our responsibility is to express an opinion on these designated account based on our audit. We conducted our audit in accordance with International Standards on Auditing and World Bank guidelines for designated accounts. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the designated account is free from material misstatement. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements thereof present fairly, in all material respects, the financial position of the designated account of Ethiopian Nile Irrigation and Drainage Project (4333-ET) and (4976-ET) under the Ministry of Water, Irrigation and Electricity as at 07 July 2015 and the movements for the year then ended in accordance with International Financial Reporting Standards and are in agreement with the records maintained by the Project. TMS plus Chartered Certified Accountants (UK) Addis Ababa Authorized Auditors (ETH) 30 December 2015 2 ETHIOPIAN NILE IRRIGATION AND DRAINAGE UNDER MINISTRY OF WATER IRRIGATION AND ELECTRICITY PROJECT (ENIDP) STATEMENT OF DESIGNATED ACCOUNT - FOR THE YEAR ENDED 07 JULY 2015 Account number 0261501370400 Depository Bank National Bank of Ethiopia Related Credit IDA 4333-ET AND 4976 ET Address Addis Ababa, Ethiopia Currency USD 2014 Beginning Balance- 8 July 2014 6,984,884.25 10,455,100 Add:- World Bank replenishment 9,540,270.53 4,169,501.17 16,525,154.78 14.624,601 Add:- Receipts for: Advance to china jiangsu 736,411.25 Letter of credit - 238.736.31 -_ _ 975,148 Less:- Payments for: 16,525,154.78 15.599.748 Restricted bank account 238,736 Transferred to Bahir Dar 1,509,548.86 707,681 g Transfer to Dembia 314,971 Transfer to Farta 415,787 Transfer to Ebinat 135,140 Transfer to Bowrd 349,419.96 Dollar converted to local currency 1,500,000.00 Consultants' service 352,110.28 98,793 Training 207,218.82 52,601 Civil works 7,638,308.50 5,763,126 Management service (Net of retention) 892,460.34 649,293 Equipment 238,736 12,449,066.76 8,614,864 Ending Balance- 7 July 2015 4,076,088.02 6,984,884 1 I MINISTRY OF WATER IRRGATION AND ELECTRICITY I ETHIOPIAN NILE IRRIGATION AND DRAINAGE PROJECT I I I I INDEPENDENT AUDITORS REPORT I AND FINANCIAL STATEMENTS 07 JULY 2015 I Wth."h TO TMS Plus + 4?+ alh/.4;F0- %,4-11 h'PtP** (h.) Chartered Certified Accountants (UK) Wff OtD- A.'I (h.Si Af) Authorized Auditors (Ethiopia) t.. 01161845011618063810118961752 Tel. 011 6184501/6180638/ Fax 011 662 12 70 4-hh 011 662 12 60/70 Mob. 0911229425/ 0930034356/57 YA.*. 110690 P.O. Box - 110690 e-mail tmsplus@ethionet.et Aq hflq h -Af1S Addis Ababa-Ethiopia I IU EClE J JChartered Certified Accountants (UK) and Authorised Auditors (Ethiopia) Tel. 251-011 6180638/011-8961751/52 Mob. 0911 229425 /0930 034356/0930 034357/0913 135454/ Fax 251-011 6621270/60 E-mail:- tmsplus@ethionet.et / tafessef@hotmail.com P.O.Box 110690 Addis Ababa - Ethiopia INDEPENDENT AUDITORS' REPORT ON THE ACCOUNTS OF ETHIOPIAN NILE IRRIGATION AND DRAINAGE PROJECT (ENIDP) UNDER MINISTRY OF WATER IRRIGATION AND ELECTRICITY We have audited the accompanying financial statements of Ethiopian Nile Irrigation and Drainage Project financed under IDA Credit Agreement No 4333-ET and IDA 4976-ET. For the year ended 07 July 2015, set out on pages 3 to 6, which have been prepared under the historical cost convention and in accordance with the accounting policies specified on page 5. Managements' Responsibility for the Financial Statements The project's Management is responsible for the preparation and fair presentation of these financial statements in accordance with International Financial Reporting Standards, 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. Auditors' Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with 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 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 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 sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements together with the notes forming part thereof present fairly, in all material respects, the financial position of the Ethiopian Nile Irrigation and Drainage Project financed under IDA Credit No 4333-ET and IDA 4976-ET. as at 07 July 2015 and of its source and uses of funds for the year then ended in accordance with International Financial Reporting Standards and are in agreement with the records maintained by the Project. I I 2 In addition, with respect to statement of expenditure submitted during the period ended 7 July 2015, in our opinion; a) The statements, together with the procedures and internal controls involved in their preparation, can be relied upon to support the relevant withdrawals; b) Adequate supporting documents has been maintained to support claims to IDA for reimbursement of expenditures incurred; and c) Which expenditures are eligible for financing under IDA credit No. 4333-ET and IDA 4976- ET. TMS plus Chartered Certified Accountants (UK) Addis Ababa Authorized Auditors (ETH) 30 December 2015 I I I I I I I I I I 1 3 MINISTRY OF WATER, IRRIGATION AND ELECTRICITY ETHIOPIAN NILE IRRIGATION AND DRAINAGE PROJECT (ENIDP) IDA CREDIT NO. 4333 ET and IDA 4976-ET BALANCESHEET AS AT 07 JULY 2015 Currency: Ethiopian Birr Notes CURRENT ASSETS 2014 Debtors and prepayments 3 159,049,776.47 91.572,899 Cash on hand and at bank 4 123,417,243.63 163,140,871 282,467,020.10 254,713,769 CURRENT LIABILITIES Creditors and accruals 5 16,498,700.12 21,403,622 NET CURRENT ASSETS 265,968,319.98 233,310. 147 FINANCED BY Fund balance 6 265,968,319.98 233,310,147 I I I I I 1 4 MINISTRY OF WATER, IRRIGATION AND ELECTRICITY ETHIOPIAN NILE IRRIGATION AND DRAINAGE PROJECT (ENIDP) STATEMENT OF SOURCES AND USES OF FUNDS FOR THE YEAR ENDED 07 JULY 2015 Currency: Ethiopian Birr For the Cumulative For the Year ended From 6/02/06 Year ended 07 July 2015 to 7/07/2015 07 July 2014 SOURCES IDA CREDIT Deposit in designated account 191,398,568.71 531,570,799.71 81,101,024 SOE procedures - 180,109,830.00 - Direct payments - 11,194,246.00- Other income 7,829.56 292,067.56 66,141 ETHIOPIAN GOVERNMENT CONTRIBUTION 78,911,104.51 160,977,659.51 16,522,457 GAIN ON FOREIGN CURRENCY EXCHANGE 7,956,178.74 92,368,998.74 9,164.510 278,273,681.52 976,513,601.52 106,854,132 USES Goods 4,160,600.53 210,053,045.53 160,503,089 Consultants' service 6,703,549.17 214,443,859.17 2,290,700 Workshops 198,545,620.50 211,448,267.50 3,284,306 Operating costs 198,545,620.50 231,848,519.50 21,005,351 407,955,390.70 867,793,691.70 187,083.447 EXCESS(DEFICIT) OF SOURCES OVER USES 32,656,922.05 108,719,909.82 (80,229,314) I I I 5 MINISTRY OF WATER, IRRIGATION AND ELECTRICITY ETHIOPIAN NILE IRRIGATION AND DRAINAGE PROJECT (ENIDP) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 07 JULY 2015 Currency: Ethiopian Birr 1. BACKGROUND The project was established to implement the Ethiopian Nile Irrigation and Drainage Project financed by the World Bank. The agreement was made between the Government of the Federal Democratic Republic of Ethiopia and the International Development Association (IDA) on 13 July 2007. The main objectives of the project are to sustainably increase agricultural output and productivity in the Megech and Ribb watershed areas in the Amhara Region. The project become operational on 8 February 2008 and is expected to be completed by 31 December 2015. 2. MAJOR ACCOUNTING POLICIES The principal accounting policies adopted and applied by the project are stated here below:- a) Basis of Accounting The Project Financial Statements are prepared in accordance with International Financial Reporting Standards using the historical cost convention. b) Expenditures of Capital nature Expenditures of capital nature are directly charged to expenditure up on purchase. c) Currency The Financial Statements are presented in Ethiopian Birr. Transactions in foreign Currencies are translated in to Birr at the rate of exchange prevailing at the date of transactions. Cash balances denominated in foreign currencies are translated into Birr at the exchange rates ruling at the date of the statement of financial position. The exchange rate as at 07 July 2015 was 20.5858 Birr for a USD I 1 6 MINISTRY OF WATER, IRRIGATION AND ELECTRICITY ETHIOPIAN NILE IRRIGATION AND DRAINAGE PROJECT (ENIDP) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 07 JULY 2015 Currency: Ethiopian Birr 3. DEBTORS AND PREPAYMENTS 2014 Regional Bureau 14,356,250.64 4,174.856 g Woredas 2,884,155.50 6,027,454 Staff debtors 404,693.13 201,438 Sundry debtors 42,177.65 - Advance 141,362,499.55 81,169,150 159,049,776.47 91,572,899 4. CASH ON HAND AND AT BANK National Bank of Ethiopia US Dollar Account No.02615/013704/00 83,909,532.76 136,905,128 Birr Bank accounts No.01601/013910/00 18,018,536.30 17,524,484 Restricted cash - 4,598,992 101,928,069.06 159,028,605 CBE Bahir Dar 21,459,174.57 4,072,266 Cash on hand 30,000.00 40,000 123,417,243.63 163,140,871 5. CREDITORS AND ACCRUALS Regional Bureau 1,155,600.00 3,930,678 Advance - 4,598,992 Staff creditor 10,687.00 Sundry creditors 31,510.42 24,567 VAT payable 275,447.13 5,480,681 Withholding tax payable 55,792.34 862,239 Income tax payable 135,153.97 76,696 Retention 14,834,509.26 6,429,769 16,498,700.12 21,403,622 6. FUND BALANCE Balance at beginning of year 233,310,147.13 313,630,934 Less:Prior year adjustment 1,250.80 (91,472) Add: Excess of uses over source/Source over uses 32,656,922.05 (80.229.315) 265,968,319.98 233.310.147 7. GENERAL The audit work is performed both at the Project Coordination Unit (Addis Ababa) and Regional Project Coordination Unit (Bahir Dar) Ministry of Water, Irrgation and Energy Ethiopian Nile Irrigation and Drainage Project IDA credit No. 4333-ET SOE Withdrawal Schedule for Statement of Expenditure For the Year Ended 07 July 2015 Annex-1 Consultancy Operating Application No. Goods Birr Civil Work Birr service Birr Training Birr costs Birr Total Birr USD MoWE-ENIDP-0031 255,003.89 56,991,865.35 - 1,257,281.23 3,129,147.69 61,633,298.16 3,112,289.84 MoWE-ENIDP-032 45,973.61 45,560,058.63 1,245,685.92 1,841,392.63 682,775.83 49,375,886.63 2,473,580.70 MoWE-ENIDP-033 24,012.90 56,804,498.70 848,935.20 1,506,697.23 59,184,144.03 2,911,273.09 Total 324,990.40 159,356,422.68 1,245,685.92 3,947,609.06 5,318,620.75 170,193,328.82 8,497,143.63 Ministry of Water, Irrigation and Energy Ethiopian Nile Irrigation and Drainage Project IDA credit No. 4976-ET SOE Withdrawal Schedule for Statement of Expenditure For the Year Ended 07 July 2015 Management Application No. Civil Work Service Total Birr USD MoWE-ENIDP-005 - 356,312.45 356,312.45 17,746.50 MoWE-ENIDP-006 - 20,848,927.44 20,848,927.44 1,025,380.39 Total - - 21,205,239.89 - - 21,205,239.89 1,043,126.89 Grand Total 191,398,568.71 9,540,270.52 VIINISTRY OF WATER IRRIGATION AND ELECTRICITY - Ethiopian Nile Irrigation Development Project- Federal Project Coordination Office LIST OF FIXED ASSETS FOR THE YEAR ENDED 07 JULY 2015 Annex - 2 Procurement Name & address of Date Contract Contractual Actual Contract Contract Description Plan Cost Procurement Contractor/Supplier/Cons signed Contract completion completion Complete Remarks Ref Method Amount Date Date yes/no Estimate ultant mm/dd/yrmmdyr m//r mm/dd/yr mm/dd/yr Furniture NS Warit Mulutila ETB 16,071.25 7/11/2008 BPV 2105 NA NA International Furniture NS Techno Style NA ETB 37,751.02 NA 7/14/2008 BPV 2106 LCD Projector, UPS & NS Nahom Computer Trading NA ETB 29,750.00 NA 9/2/2008 External hard Disc BPV 2126 Cash Safe NS Dan Techinocraft NA ETB 3,022.00 NA 9/19/2008 BPV 2141 Furniture NS Techno Style NA ETB 18,278.62 NA 9/23/2008 BPV 2140 Furniture NS Deluxe Furniture NA ETB 40,589.94 NA 9/29/2008 BPV 2139 UPS & Printers NS Routers Computer NA ETB 113.070.30 NA 10/9/2008 Engineering BPV 2149 Furniture NS Warit Mulutila ETB 4,140.00 10/13/2008 NA NA International BPV 2152 Furniture NS OMEDAD NA ETB 11,488.50 NA 10/21/2008 BPV 2153 Furniture NS Nile Industrial & Commercial NA ETB 6,806.00 NA 10/21/2008 BPV 2154 Desk Top Computers NS Amultech PLC NA ETB 70,840.00 NA 10/31/2008 BPV 2164 Photocopier NS National Marketers PLC NA ETB 118,097.00 NA 11/18/2008 BPV 2175 TV NS Cabey PLC NA ETB 4,600.00 NA 11/19/2008 BPV 2173 Vehicles JPY IS UNOPS NA USD 64,287.07 NA 11/25/2008 48,319,993.00 BPV 2132 Furniture NS Nile Industrial & Commercial NA ETB 6,804.00 NA 12/12/2008 BPV 2186 Diesel Generators USD 8000.00 NS FETA Tools Trading NA ETB 73,500.00 NA 12/18/2008 BPV 2187 Wireless Telephone NS Labora International PLC NA ETB 3,458.00 NA 1/27/2009 BPV 2134 Wireless data card for Lap NS Janora Technology PLC NA ETB 2,380.50 NA 2/3/2009 Top BPV 2135 Lap Top Computers NS SNAP Trading & Industry NA ETB 27,485.00 NA 2/9/2009 PLC BPV 2136 Lap Top Computers NS Haron Computer PLC NA ETB 83,999.98 NA 6/2/2009 BPV 2250 Printer NS ECAS Trading NA ETB 10,999.98 NA 4/24/2009 BPV 2249 M m mM m m mm m mme CDMA Internet Connection NS W.ZNA ETB 2,415.00 NA 9/28/2009 BPV 2139 Computer Stationary Office Lap Top Adapter NS Maxi Tach Trading PLC NA ETB 1,050.00 NA 2/23/2010 19v3.95A BPV 2141 CDMASystem CDMA & Mobile NA ETB 1,500.00 NA 2/24/2010 BPV 1314 Centre Apple stationery & LapTop bag and mouse NS computer accessary (tel. NA ETB 4,699.00 NA 5/10/2010 yes BPV 1352 0115542538) NS Nahom computer trading Desk Top Computers (Bole 0116639731/32) NA_ ETB 34,500.00 NA_ 06/03/2010 yes BPV 1375 NS Ethio-leather Industry plc. NA T0 Leather Bag (tel. 0114423287) ETB 2,564.00 05/26/2010 yes BPV 1377 NS Abdella Girma (Cherkos NA T1 Kitchen materials _ K/18 Hno. 539/U) NA_ ETB 2,022.00 NA_12/7/2010 yes BPV 1402 NS GM Private Limited Co. Filing Cabinet (Tel. 0114665596) NA ETB 50,810.00 NA 06/21/2010 yes BPV 1403 NS N ,ahomr computer trading NAA NA NA LapTop Computer (Bole 0116639731/32) ETB 28,600.00 09/21/2010 yes CK 77980 NS Snap Trading & Industry NA NT 1 External Fax Modem PLC (Tel. 0116465121) ETB 1,184.00 02/21/2011 yes Ck 77992 NS LapTop Computer ALTA Computer Plc. NA ETB 13,568.85 NA 14/03/2013 yes BPV 062276 NS Scanner BENAS Trading NA ETB 2,980.00 NA 13/05/2013 yes BPV 062306 LapTop Computer NS Snap Trading & Industry NA ETB 39,173.61 NA 21/05/2014 yes BPV 062531 Procrument of goods from July 1, 2014 to July 07, 2015 Ethiopian Nile Irrigation Development Project-Amhara Region Project Coordination Office Procurement of Goods (not subject to prior review) Annex - 3 Contract Contract Procu't Date of Invitation Supplier and Date contract Contract Actual Project Cost Contractual Actual Description address of signed Amount Complation date Complation date contrctor/Suppli er/consultant :R. 0. Ref. F Method mm/dd/yr mm/dd/yr mm/dd/yr mm/ddyr Location Remark pments- 'CO )BoF Filling Shopping Shemeles Abebe ENIDP-ARPCO Cabinet 25/05/2007ETH.C General Trading 25/05/2007ETH.C 23,900.00 23,900.00 25/05/2007ETH.C 25/05/2007ETH.C )BoF Furniture Shopping Shemeles Abebe ENIDP-ARPCO 25/05/2007ETH.C General Trading 25/05/2007ETH.C 8,080.00 8,080.00 25/05/2007ETH.C 25/05/2007ETH.C '3BoF Refrigirator Shopping Yehzebu Tilahun ENIDP-ARPCO 03/07/07ETH.C Int.Bus.PLC 03/07/07ETH.C 5,800.00 5,800.00 03/07/07ETH.C 03/07/07ETH.C '3BoF SONY Digital Shopping Yehzebu Tilahun ENIDP-ARPCO Camera 03/07/07ETH.C Int.Bus.PLC 03/07/07ETH.C 3,400.00 3,400.00 03/07/07ETH.C 03/07/07ETH.C '3BoF Crawn Shopping Yehzebu Tilahun ENIDP-ARPCO Ventilator 03/07/07ETH.C Int.Bus.PLC 03/07/07ETH.C 3,920.01 3,920.01 03/07/07ETH.C 03/07/07ETH.C 18BoF Laptop Shopping EICA Computer ENIDP-ARPCO Computer Engineering PLC Toshiba 29/07/07ETH.C 29/07/07ETH.C 39,346.00 39,346.00 29/07/07ETH.C 29/07/07ETH.C 3BoF Table Shopping 07/09/07ETH.C Technostyle PLC 07/09/07ETH.C 5,812.10 5,812.10 07/09/07ETH.C 07/09/07ETH.C ENIDP-ARPCO rotal- 90,258.11 90,258.11 'CO pments. )A CDMA Shopping Kedie Oumer BoARD EVIDEO Engda IoA 2000 30/11/06ETH.C 30/11/06ETH.C 1,900.00 1,900.00 30/11/06ETH.C 30/11/06ETH.C Filling Shopping Kibran Trading BoARD A Cabinate 26/11/06ETH.C 26/11/06ETH.C 3,890.00 3,890.00 26/11/06ETH.C 26/11/06ETH.C Bicycles Shopping Abiot Mengstu BoARD IBoAA Hand Gear 13/08/07ETH.C Shiferaw 13/08/07ETH.C 59,227.99 59,227.99 13/08/07ETH.C 13/08/07ETH.C Bicycles Shopping Abiot Mengstu BoARD IBoAB Hand Gear 13/08/07ETH.C Shiferaw 13/08/07ETH.C 204,707.96 204,707.96 13/08/07ETH.C 13/08/07ETH.C Laptop Shopping Modeth Outsource BoARD Computer PLC BoA Toshiba 06/09/07ETH.C 06/09/07ETH.C 36,501.00 36,501.00 06/09/07ETH.C 06/09/07ETH.C Scanner Shopping Tadela Tarekegn BoARD 3BoA 19/10/07ETH.C Stationary 19/10/07ETH.C 10,950.00 10,950.00 19/10/07ETH.C *19/10/07ETH.C Scanner Shopping Tadela Tarekegn BoARD 3BoA 19/10/07ETH.C Stationary 19/10/07ETH.C 24,940.00 24,940.00 19/10/07ETH.C 19/10/07ETH.C Scanner Shopping Tadela Tarekegn BoARD 3BoA 19/10/07ETH.C Stationary 19/10/07ETH.C 10,785.00 10,785.00 19/10/07ETH.C 19/10/07ETH.C Animal Shopping Dan International BoARD Clinical Trading PLC I BoA Equipment 21/09/07ETH.C 21/09/07ETH.C 52,500.00 52,500.00 21/09/07ETH.C 21/09/07ETH.C Animal Shopping Wise Team BoARD Clinical Private Limited ?BoA Equipment 21/09/07ETH.C Company 21/09/07ETH.C 13,464.00 13,464.00 21/09/07ETH.C 21/09/07ETH.C Animal Shopping GASCO Trading BoARD Clinical PLC 3BoAA Equipment 22/09/07ETH.C 22/09/07ETH.C 74,016.02 74,016.02 22/09/07ETH.C 22/09/07ETH.C . Animal Shopping Tropical Pharma BoARD Clinical Trading IBoAB Equipment 22/09/07ETH.C 22/09/07ETH.C 95,225.00 95,225.00 22/09/07ETH.C 22/09/07ETH.C Animal Shopping Biotic Private BoARD Clinical Limited Company tBoA Equipment 22/09/07ETH.C 22/09/07ETH.C 105,558.45 105,558.45 22/09/07ETH.C 22/09/07ETH.C Animal Shopping Fine Chemical BoARD Clinical General Trading 5BoA Equipment 16/10/07ETH.C 16/10/07ETH.C 229,276.96 229,276.96 16/10/07ETH.C 16/10/07ETH.C Camera Shopping Yasutech Trading BoARD 3BoA 28/10/07ETH.C PLC 28/10/07ETH.C 2,784.00 2,784.00 28/10/07ETH.C 28/10/07ETH.C tal-BoA pments. 925,726.38 925,726.38 pments. kRI Nitrogin Shopping Narga General ARARI A Container 30/06/07ETH.C Trading PLC 30/06/07ETH.C 29,750.00 29,750.00 30/06/07ETH.C 30/06/07ETH.C Milk Analyzer Shopping Mestofa Nega ARARI A 07/07/07ETH.C Negash 07/07/07ETH.C 33,614.00 33,614.00 07/07/07ETH.C 07/07/07ETH.C Roto Shopping Dolfin Building ARARI A 07/07/07ETH.C Materials 07/07/07ETH.C 27,249.99 27,249.99 07/07/07ETH.C 07/07/07ETH.C Robin Shopping ARARI Dewatering A Pump 07/11/07ETH.C 07/11/07ETH.C 29,900.00 29,900.00 07/11/07ETH.C 07/11/07ETH.C Sub Total-ARARI 120,513.99 120,513.99 Grand Total-Equipments itures- I-BoA A Office Table Shopping 26/11/06ETH.C Kibran Trading 26/11/06ETH.C 3,139.00 3,139.00 26/11/06ETH.C 26/11/06ETH.C BoARD Office Table Shopping ROBIT BoARD International oA 04/07/07ETH.C Businnes Group 04/07/07ETH.C 12,599.99 12,599.99 04/07/07ETH.C 04/07/07ETH.C iA Office Shelf Shopping 15/12/06ETH.C Gashaw Terefe 15/12/06ETH.C 2,864.00 2,864.00 15/12/06ETH.C 15/12/06ETH.C BoA FTC Furniture Shopping Wolde Eshete BoA iA 26/10/07ETH.C 26/10/07ETH.C 332,399.00 332,399.00 26/10/07ETH.C 26/10/07ETH.C tal-BoA 351,001.99 351,001.99 iipments--BoWRD Ford Pick Shopping Ries up Office Engineering Car Share I BPV-44BoA 08/08/07ETH.C Comnany 08/08/07ETH.C 1,894,425.60 1,894,425.60 08/08/07ETH.C 08/08/07ETH.C BOWRD Laptop Shopping Melkie Computer Tadesse BPV-51 BoA 03/09/07ETH.C Gebrevesus 03/09107ETH.C 78,389.98 78,389.98 03/09/07ETH.C 03/09/07ETH.C BOWRD Sony Shopping Digital BPV-79BoA Camera 03/10/07ETH.C 03/10/07ETH.C 9,596.97 9,596.97 03/10/07ETH.C 03/10/07ETH.C Total-BoWRD 1,982,412.55 1,982,412.55 ¯¯¯¯ irnitures-ENID-P- Office Shopping Shemeles Chair Abebe General Trad ing BOA 04/07/07ETH.C Trading 04/07/07ETH.C 5,220.00 5,220.00 04/07/07ETH.C 04/07/07ETH.C BOWRD rotal- 'LAU 5,220.00 5,220.00 Equipments- ¯ 1BEPL Sony LCD Shopping Melkie BOEPLAU Projector Tadesse 3 e3/04/2007ETH brevess 3/04/2007ETH. 17,752.00 17,752.00 13/04/2007ETH. 3/04/2007ETH.C V- Laptop Shopping Alana Trading BOEPLAU EPL Toshiba 3/05/2007ETH.' PLC 3/05/2007ETH. 67,349.99 67,349.99 13/05/2007ETH. 3/05/2007ETH.C V- Laptop Shopping Melkie BOEPLAU 1EPL Toshiba Tadesse 21/07/07ETH.C Gebreyesus 21/07/07ETH.C 42,459.99 42,459.99 21/07/07ETH.C 21/07/07ETH.C Total-BOEPLAU 127,561.98 127,561.98 B: Furnitures- Office Shopping Kibran Trading BOEPLAU oA Table 26/11/06ETH.C 26/11/06ETH.C 3,179.00 3,179.00 26/11/06ETH.C 26/11/06ETH.C Office Shopping ROBIT BOEPLAU Table International Businnes 9BoA 04/07/07ETH.C Grom 04/07/07ETH.C 12,600.00 12,600.00 04/07/07ETH.C 04/07/07ETH.C Office Shelf Shopping Gashaw Terefe BOEPLAU oA 15/12/06ETH.C 15/12/06ETH.C 2,864.00 2,864.00 15/12/06ETH.C 15/12/06ETH.C FTC Shopping Wolde Eshete BOEPLAU oA Furniture 26/10/07ETH.C 26/10/07ETH.C 332,399.00 332,399.00 26/10/07ETH.C 26/10/07ETH.C rotal- >LAU 18,643.00 18,643.00