26 JUNJ 2O0t
Qinghai Provincial Audit Office of the People's Republic of China
Audit Report
1 Al IR C2015J 17 #
QINGHAI AUDIT REPORT C 2015 D NO.17
Project Name: Qinghai Xining Urban Transport Project Financed by
the World Bank
8319-CN
Loan No.: 8319-CN
Project Entity: Qinghai Xining Urban Transport Project Construction
Office
A4-&t  : 2014
Accounting Year: 2014


1
't


目录
Contents
一、审计师意见．…，,.......．……，……，.........．……，…，................．……，.....．……，.,.1
1 .Auditor&5 Opinion.,.,．…，．…，.,.,,．…，,,,.,.,.,．…，..............．……，．…，,,,.........．……3
二、财务报表及财务报表附注．...．……，…，.．…，．…，....................．……，.,．…，二5
11 .Financial Statemeflts and Notes to the Financial Statements ........．……5
（一）资金平衡表，,.............................．……，．…，.．…，,.,........．……，,..．……5
i,Balance Sheet二，.................．……，．…，.,..........．……，..．……，.....．……，..．……5
（二）项目进度表……，．…，..........．……，.．…，．…，.,.........．……，二，.........．……7
11.Summary of Sources and Uses ofFunds by Project COlllponent.．…7
（三）贷款协定执行情况表．........．……，，…，，…，,.,,.....．……，...........．……9
111.Statement of Implementation of Loan Agreement二，．…，,,,.....．·．．……9
（四）专用账户报表．......．……，.．…，.......．……，.，……，,,．…，.,.,...．……，．…，10
iv.SpeCiai ACcount Statement.．…，,.,..............．……，二，................．……，.,,10
（五）财务报表附注，.....．……，...．……，.．…，...．……，..............．……，.，……12
v.Notes to the Financial statements...．……，.,,.............．……，……，,．…，…15
三、审计发现的问题及建议．.．……，二，.．…，．……，................................．……18
111.Audit Findings and Recommendations．…，二，二，.．…，....................．……，二20



一、审计师意见
审计师意见
青海襼宁城市交通项目建设办公室：
我们审计了世界银行贷款青海襼宁城市交通项目2014年12月31
日的资金平衡表及截至该日同年度的项目进度表、贷款协定执行情况
表和专用账户报表等特定目的财务报表及财务报表附注（第5页至第
17页）。
（一）项目执行单位及青海省财政厅对财务报表的责任
簖制上述财务报表中的资金平衡表、项目进度表及贷款协定执
行情况表是你办的责任，簖制专用账户报表是青海省财政厅的责任，
这种责任包括：
1．按照中国的会计准则、会计制度和本项目贷款协定的要求编制
项目财务报表，并佼其实现公允反映；
2，设计、执行和维护必要的内部控制，以使项目财务报表不存在
由于舞弊或错误而导致的重大错报。
（二）审计责任
我们的责任是在执行审计工作的基础上对财务报表发表审计意
见。我们按照中国国家审计准则和国际审计准则的规定执行了审计
工作，上述准则要求我们遵守审计职业要求，计划和执行审计工作
以对项目财务报表是否不存在重大错报获取合理保证。
为获取有关财务报表金额和披露信息的有关证据，我们实施了
必要的审计程序。我们运用职业判断选择审计程序，这些程序包括
对由于舞弊或错误导致的财务报表重大错报风险的评估。在进行风
险评估时，为了设计恰当的审计程序，我们考虑了与财务报表相关
的内部控制，但目的并非对内部控制的有效性发表意见。审计工作
还包括评价所选用会计政策的恰当性和作出会计估计的合理性，以
及评价财务报表的．悠体列报。
1


我们相信，我们获取的审计证据是适当的、充分的，为发表审
计意见提供了基础。
（三）审计意见
我们认为，第一段所列财务报表在所有重大方面按照中国的会计
准则、会计制度和本项目贷款协定的要求编制，公允反映了世界银行
贷款青海襼宁城市交通项目2沮4年12月31日的财务状况及截至该日
同年度的财务收支、项目执行和专用账户收支情况。
（四）其他事项
由于你办2014年度没有采用费用支出报表报账，我们不对提款
报账事项发表意见。
本审计师意见之后，共同构成审计报告的还有两项内容：财务
报表及财务报表附注和审计发现的问题及建议。
中华人角厅
、碱姚脚莎尹
地址：中国青海省襼宁市五四大街41号
邮政簖码：810001
电话：86一0971一6182546
传真：86一0971一6182500
2


1. Auditor's Opinion
Auditor's Opinion
To Qinghai Xining Urban Transport Project Construction Office:
We have audited the special purpose financial statements (from page 5 to
page 17) of the Qinghai Xining urban transport project financed by the
World Bank, which comprise the Balance Sheet as of December 31, 2014,
the Summary of Sources Uses of Funds by Project Component,
Statements of Implementation of Loan Agreement and Special Account
Statement for the year then ended, and Notes to the Financial Statements,
Project Entity and Qinghai Provincial Finance Department's
Responsibility for the Financial Statements
The preparation of the Balance Sheet, the Summary of Sources and Uses
of Funds by Project Component and the Statement of Implementation of
Loan Agreement is the responsibility of your entity, while the preparation
of the Special Account Statement is the responsibility of Qinghai
Provincial Finance Department, which includes:
i. Preparing and fair presenting the accompanying financial statements in
accordance with Chinese accounting standards and system, and the
requirements of the project loan agreement;
ii. Designing, implementing and maintaining necessary internal control to
ensure that the financial statements are free from material misstatement,
whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements
based on our audit. We conducted our audit in accordance with the
Government Auditing Standards of the People's Republic of China and
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 entities' preparation and fair presentation
of the financial statements in order to design audit procedures that are
3


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 appropriate and
sufficient to provide a basis for our audit opinion.
Opinion
In our opinion, the financial statements identified in the first paragraph
present fairly, in all material respects, financial position of Qinghai xining
urban transport project financed by the World Bank as of December 31,
2014, its financial receipts and disbursements, the project implementation
and the receipts and disbursements of the special account for the year then
ended in accordance with Chinese accounting standards and system, and
the requirements of the project loan agreement.
Other Matter
Because the PMO were not adopted for loan withdrawal application
during the year, we have not expressed our opinion on it.
The audit report consists of the Auditor's Opinion and two more parts
hereinafter: Financial Statements and Notes to the Financial Statements,
Audit Findings and Recommendations.
Qinghai Provincial Audit Office of the People's Republic of China
June 18, 2015
Address: No. 41 WuSiDaJie Road, Xining City, Qinghai Province, P.R.
China
Postcode: 810001
Tel.: 86-0971-6182546
Fax: 86-0971-6182500
The English translation is for the convenience of report users; Please
take the Chinese audit report as the only official version.
4


II. Financial Statements and Notes to the Financial Statements
- ) * 4, If*
i. Balance Sheet
BALANCE SHEET
2014 4 12 A 31 El
(As of December 31, 2014)
Project Name: Qinghai Xining Urban Transport Project Financed by the World Bank
Prepared by: Qinghai Xining Urban Transpor Project Construction Office                                          Currency Unit: RMB Yuan
Line       A+J                14                ,   V                Line                        o*
Application of Fund       Noe Beginning Balance   Ending Balance         Sources of Fund       No.  Beginning Balance  Ending Balance
Total Project Expenditures    I        6,661,570,92      9.601,34227    Total Project            28          800,000.00    201,300,000,0
Appropriation Funds
.                                                                        ye,flJ  I-. JellWA*-I llV iN
Fixed Assets Transferred   2                                     -     Project Capital and Capital 29
Surplus
2. Jf#     I - lp: 41
Construction Expenditures  3                    -                -Grant                         30
to be Disposed                                                         Including: Grants
Investments Transferred-out  4-                                        Total Project Loan       31        5,000.t00.00      5,o00,000.oo
4,. Tf4                                                                 1. AHRMtHA
Construction in Progress   5         6,661,570.92      9,601,342.27      Total Proiect         32                   -
Invesrment Loan
%                            6                                          (I) KfHx             3
Invesnent Loan Receivable                                                   Foreign Loan
including: World Bank        7                                              I -                   34                   -
Investment Loan Receivable                                                  Including: IDA
r:    I   i 0Y Rt32&  f w,4k                                                       IM kt4 'I- I' KZt
Appropriation of Investment  8                    -                -f                             35                   -
Loan                                                                            IBRD
Including:Appropriation of  9'                                     -            Technical         36                   -
World Bank InvesuTn.ent Loan                                                    Cooperation
V0 n                                               I                 37                   -
Equipment                                                                       Co- Financing
Including: Equipment Losses  11                   -                         Dm(2) L iL oan      38                   -
in Suspense Domestic Loan
i12                                     491,665.08    136,802,349.83    2 iA11-00
Total Cash and Bank                                                        Other Loan             39         5,000,000.00     5,000,000.00
Cash in Bank               13          455,885.79    136.801.476.66    Appropriation of         40                   -
Investment Loan
iti:VIU    tit   1V IAIll:JJs
Including: Special Account  14                   -                -     Including: World Bank    41
Loan
Cash on Hand               15           35,769.29           873.17                              42                   -
Cis  o   be cotBond Fund
fpg  (To be continued)


16                  -     61.356,859.20   Construction Expenditures  43
Total Prepaid and Receivable
to be Offset
including: World Bank Loan  17                 -rotal Payable                                44        1,353,226.00     1,347,586.00
Interest Receivable
World Bank Loan
Commitment Fee          18                                        Including: World Bank  45
Receivable                                                       Loan Interest Payable
$4kill:fiYRllB.$ifJiW
World Bank Loan Service-  19                -                -        World Bank Loan     46                  -
Fee Receivable                                                        Commitment Fee
Payable
20                  -                -                            47
Marketable Securities                                                 World Bank Loan
Service Fee Payable
21                  -                -                            48                 -
Total Fixed Assets                                                    Other Payables
22                  -                      I                      49                 -
Fixed Assets, Cost                                                   Appropriation of Fund
WV d1iril-                                         I , 'MR it A.
Less: Accumulated        23                  -                -                            50                  -        112.965.30
DeprecationRetained Earnings
Depreciation
24                  -                --
Fixed Assets, Net
25--
Fixed Assets Pending Disposal
26                  -                                                                 -
Fixed Assets Losses in Suspense
27        7,153,226.00   207,7605510                             51        7,153.226.00   207,760,55130
Total Application of Fund  I                                         Total Sources of Fund
6


ii. Summary of Sources and Uses of Funds by Project Component
SUMMARY OF SOURCES AND USES OF FUNDS
BY PROJECT COMPONENT I
ThThA 2014 4 12 A 31 1l
(For the period ended December 31, 2014)
11WP-t : I*fl         f%                ? Fk  -iff- )fW
Project Name: Qinghai Xining Urban Transport Project Financed by the World Bank
A4K*4fk:                                                                                               *Ai)J h   -42:,Rfy
Prepared by: Qin hai Xining Urban Transport Project Construction Office                                 Currency Unit: RMB Yuan
Current Period                                     Cumulative
Current Period   C                urrent Period   Life of PAD       Cumulative      Cumulative %
Budget           Actual       % Completed                          Actual         Completed
164.145,700.00  200.500,00000        122.15%    1,530,000,000.00   206,300.000.00        13.48%
Total Sources of Funds
- I1); tijO  World Bank Loan  52,320.400.00             -              -      730.000,000.00
F    i  C      p1.825.300.00                  200.500,000 00      179 30%      800,000,000.00    206,300.000.00       25.79%
I. 11lT d U  Municipal counterpart  111,825,300.00  200.500,000.00   179.30%      800,000.000.00    201,300,000.00       25.16%
fund
2.Lil 11 ll5 Domestic Loan                                                                            5,000,000.00
Total Applic5tion of Funds (by    164,145,700.00    2,939,771.35         1.79%    1,530,000,000.00     9,601,342.27        0.63%
Project Component)
1                               141,729,600.00     2,939.771.35        2.07%     1.116.889,013.01     9.601.342.27        0.86%
Urban Road
2. <kJ1illi                         9,994.900.00              -              -     329.243.596.90                -
Public Transport
3. "    lr                        6,061,600.00              .              -      58,780,419.69                -
Intelligent Transport
4.1LlJRfit&                       6,360,000.00              -              -      23.255.804.68                -
Institutional Capacity Building
5.  1$H H                                     ___
Project Management
6.  1   ,   \                                                -                       1.831.165.72
Loan interest and front-end fee
Difference                             -    197.560,228.65             _                       196,698,657.73
.        k                                        61,356,859,20             _                 -      61,356,859.20
Change in Receivables
2. JA{UJ]V!(:t                                         5,640.00                                _      -1,347,586.00
Change in Payables
3.  ilAMTL .t                                     136,310,694.75             -                 -     136,802,349.83
Change in Cash and Bank
4. RL.'    Other                              -      -112.965.30                      .                 -112,965.30
7


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iv. Special Account Statement
0- M XK P 4 A
SPECIAL ACCOUNT STATEMENT
2014 * 12 9 31 F
(For the period ended December 3 1, 2014)
IJ t ft: * 1  ik 11 R A  * 4  ff T
Project  Narne:   Qinghai    Xining   Urban        3  4  Alt
7ransport Project Financed by the World             Depository Bank. Qinghai branch, China
Bank                                               Construction bank
9NAV : 8319-CN                                     RKJ : 63014001100229668866
Loan No. 8319-CN                                   Account No : 63014001100229668866
A#*1k: -*4iMkFT                                     R i  # A : A jL
Prepared   by: The   Finance  Depam-nent of        Currency: USD
Qinghai Province
A
Part A-Account Activity for the Current Period                   Amount
JYJ M +R
Beginning Balance
Add:
Total Arnount Deposited this Period by World Bank
Total Interest Eamed this Period ir Deposited in Special Account
Total Amount Refunded this Nnod to Cover Inclipible Expenditures
Deduct:
Total Amount Withdrawn this Period
f1i M t MAR T)_ R 'A i Il
Total Service Charges this Period ifziot Included in Above Amount Withdrami
4 J    lq  IS i
Ending Balance
(,Frj:- 9PTo be continued)
10


Part B-Account Reconciliation                                           Amount
Amount Advanced by World Bank
Deduct:
Total Amount Recovered by World Bank
3. A]MY I*- tII J00"Mlier 4-AMM0i
Outstanding Amount Advanced to the Special Account at the End of this Period
4. WIlJKY'IJ4#M
Ending Balance of Special Account                                      ,
Add:
5.   M       1B     iR1      I1111       i
Amount Claimed but not yet Credited at the End of this Period
Application No.                          Amount
Amount Withdrawn but not yet Claimed at the End oftlis Period
7. JIRYrY   Il-V llll l A f S i 5N 6t')
Cumulative Service Charges (Lf not Included in item 5 or6)
Deduct:
8. 1JAJR&A  (0f Kt?fli4Y)
Interest Earned (If Included in Special Account)
9.   MwjEthi]W     '1X4/aBM                                                                                             0
Total Advance to the Special Account Accounted for at the End of this Period
II


（五）财务报表附注
财务报表附注
1．项目概况
世界银行贷款青海襼宁城市交通项目贷款号为8319,CN，旨在通过该
项目的实施，实现对城市交通走廊和发展轴―五四走廊的根本改善，为
襼宁市民在市中心与城市襼部之间的出行提供高效、便捷和安全的交通服
务，促进经济平稳较快发展。项目于2014年3月24日签订贷款协议，2014
年5月21日生效，预计2019年9月30日前关账口项目计划总投资为人
民币1,529,050,000元，其中世界银行贷款总额为人民币120,000,000美元，
折合人民币734,280,000元。
2．财务报表编制范围
本财务报表的簖制范围包括青海襼宁城市交通项目建设办公室、3个
子项目办的财务报表及青海省财政厅专用账户报表。
3，主要会计政策
3.1本项目财务报表按照财政部《世界银行贷款项目会计核算办法》
（财际字〔2000〕13号）的要求编制。
3,2会计核算年度采用公历年制，即公历每年1月1日至12月31日。
3.3本项目会计核算以“权责发生制”作为记账原则，采用借贷复式
记账法记账，以人民币为记账本位币。
3.4按照中国人民银行2014年12月31日汇率，即USDI＝人民币
6 .1 1 90元。
4服表科目说明
4.1项目支出
l2


20 14年项目支出人民币2,939,771,35元，累计支出人民币9,601,342.27
元，占计划总投资的0.63％。
4.2货币资金
20 14年12月31日货币资金余额为人民币1 36,802,349.83元，比上年
增加人民币136,310,684,75元。
4,3预付及应收款项
20 14年12月引日预付款项余额为人民币61,356,859.20元，主要是
预付追中县土地统征储备中心人民币20,600，。00元拆迁费，预付西宁市城
北区建设局人民币10,000,000元征地养老金，预付迫中县国土资源局被征
地农民养老保险金人民币1,233,758元，预付西宁市城北区土地统征和储
备服务中心征地补偼款人民币20,276,530元和被．征地农民养老保险金人
民币剪9,246,571.20元。
4.4项目拨款
2014年12月31日余额为人民币201,30。，000元，全部为市级配套资
金。项目计划配套资金总额人民币800,00氏。00元，截至2014年12月31
奔日到社配套人民币201,300,000元，占计划的25.16％。
4.5项目借款
截止2014年12月31日余额人民币5，。00，。00元，是西宁市财政借款。
4.6应付款
2014年12月31日余额为人民币l,347,586元，主要是应付上海科进
咨询有限公司可行性研究咨询费人民币540,000元、湖北省环境科学研究
院环评费人民币188,000元、襼宁市测绘院测绘费人民币321,500元等。
4.7留成收入
截至2014年12月31日余额为人民币1 12,965.30元，主要是银行存
款利息收入。
l3


5．专用账户使用情况
本项目专用账户设在中国建设银行青海省分行营业部，账号为
63014001100229668866，币种为美元。截至2014年12月底，专用账户尚
未启用。
声可
.~
14


v. Notes to the Financial Statements
Notes to the Financial Statements
1. Project Overview
The Loan No. of the World Bank Loan for Qinghai Xining Urban Transport
Project is 8319-CN. The project aims at enabling Xining residents to travel
between the city center and the western part of the city in a fast, efficient and
safe manner, through strategic improvements to Wusixi Road, a major
transport and urban development corridor. The project highlights the ideas of
people-first, bus-first and green transport. It is a capital construction project
that provides rapid, comfortable and safe public transport, playing a proactive
role in ensuring the traffic security of traveling and promoting the sound
development of local economy. The Project Agreement was signed on March
24, 2014 and came into effect on May 21, 2014. The account of the project
will be closed before September 30, 2019. The total investment plan of the
project was RMB1,529,050,000 yuan, among which the total World Bank loan
amount was USD 120,000,000, equivalent to RMB734,280,000 yuan.
2. Consolidation Scope of the Financial Statements
Consolidation scope of the financial statements covers the financial statements
of the Qinghai Xining Urban Transport Project Construction Office, 3
sub-PMOs, as well as the Special Account set in the Provincial Finance
Department.
3. Accounting Policies
3.1 The Financial Statements of the project were prepared according to the
requirements of Accounting Methods for the World Bank Financed Project
(CaYizi[2000]N6. 13 ) .
3.2 In accounting practice, the Gregorian calendar year is adopted as the fiscal
year from January I to December 3 1.
3.3 The accrual basis and the debit/credit double entry bookkeeping method
are adopted. RMB is used as the recording currency of bookkeeping.
15


3.4 The exchange rate adopted in the financial statements was the exchange
rate on December 31, 2014 of the People's Bank of China, which is USD 1 =
RMB6.1190 yuan.
4. Explanation of Subjects
4.1 Total Project expenditure
The project expenditure in 2014 was RMB2,939,771.35 yuan, and the
cumulative expenditure was RMB9,601,342.27 yuan, which accounted for
0.63% of the total investment plan.
4.2 Cash and Bank
On December 31, 2014, the balance was RMB136,802,349.83 yuan with an
increase of RMB 136,310,684.75 yuan compared with that of the last year.
4.3 Prepaid and Receivable
The balance on December 31, 2014 was RMB61,356,859.20 yuan, mainly the
prepayment: RMB20,600,000 yuan of relocation compensation charge prepaid
to Huangzhong County Land and Resources Bureau of land reserve center,
RMB10,000,000 yuan of Land pensions prepaid to Chengbei District
Construction Bureau, RMB1,233,758 yuan of Land pensions prepaid to
Huangzhong County Land and Resources Bureau, RMB20,276,530 yuan of
Land Expropriation compensation and RMB9,246,571.20 yuan of Land
pensions prepaid to Chengbei District Land and Resources Bureau of land
reserve center.
4.4 Project Appropriation Funds
The balance on December 31, 2014 was RMB201,300,000 yuan, which was
the total of all the counterpart funds at the municipal level. The total planned
counterpart funds of this project were RMB800,000,000 yuan. By the end of
2014; RMB201,300,000 yuan of the counterpart funds had been allocated,
which accounted for 25.16% of the plan.
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4.5 Project Borrowings
The balance on December 31, 2014 was RMB5,000,000 yuan, mainly
borrowings from the Xining Municipal Finance Bureau.
4.6 Payable
The balance on December 31, 2014 was RMB1,347,586 yuan, mainly other
payable: RMB540,000 yuan of feasibility study consulting charge payable to
Shanghai Kejin Consulting Company, Ltd, RMB188,000 yuan of EIA charge
payable to Hubei Province Environment Sciences Academy and RMB321,500
yuan of surveying and mapping charge payable to Xining Surveying and
Mapping Institute.
4.7 Retained Earnings
Th& balance on December 31, 2014 was RMB 112,965.30 yuan, mainly
interest earned of bank deposit.
5. Special Account
The; Special Account of this project is set in Qinghai Branch, China
Construction Bank, with the account number of 63014001100229668866, and
USD as currency Unit. The Special Account had not been in operation by the
end of December, 2014.
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