미


m1=1    SUPPORT FOR EDUCATION REFORM PROJECT"
C=3XT NO. 5230-KG, GRANT NO. H836-KG
CCMITENTS
Page
-OFMANAGEMENT'S RESPONSIBILITIES FOR THE PREPARATION
--OF THE PROJECT FINANCIAL STATEMENTS                        2
FROMJANUARY 1 TO JUNE 28,2019AND
FROM JUNE 29 TO DECEMBER 28, 2019
-AUDITORS'REPORT                                           3-5
STATEMENTS
FRW JANUARY 1 TO JUNE 28, 2019 AND
-FROM JUNE 29 TO DECEMBER 28,2019:
and expenditures paid                             6
paid by project components                         7
statements                                     8-20
FINANCIAL STATEMENTS                             21-24


SE-C'OCR SUPPORT FOR EDUCATION REFORM PROJECT"
-'E ' ~NO, 5230-KG, GRANT NO. H836-KG
VEY   OF MANAGEMENT'S RESPONSIBILITIES FOR THE PREPARATION AND
* . OF THE PROJECT FINANCIAL STATEMENTS
 ERI;OD FROM JANUARY 1 TO JUNE 28, 2019 AND
-E 3..±E PERIOD FROM JUNE 29 TO DECEMBER 28, 2019
which should be read in conjunction with the independent auditors' responsibilities is
-s -guish the respective responsibilities of management and those of the independent
project financial statements of the Project "Sector Support for Education Reform
-KG. Grant No. H836-KG (the "Project").
ezt !s responsible for the preparation of the project financial statements that present
-: s the summary of funds received and expenditures paid and the summary of
eat components for the period from January 1 to June 28, 2019 and the grace period
-  a 28 2019 in accordance with International Public Sector Accounting Standard
:the Cash Basis of Accounting" (the "IPSAS") issued by the International Public
Eat of the International Federation of Accountants and the World Bank's Financial
-: s Guidelines: Annual Financial Reporting and Auditing for World Bank Financed
e -Ces ) -
: a-cial statements, management is responsible for:
Z_-   -ting policies and applying them  consistently;
*:- -- 5-: stimates that are reasonable and prudent;
-   - = --S ad WB Guidelines have been followed, subject to any material departures
:  a: -  nthe project financial statements; and
: - -: - cil statements on a going concern basis, unless it is inappropriate to presume
'     -e its activity for the foreseeable future.
-: -  =_a-: - ard maintaining effective and sound system of internal control in the Project;
-_-c_:_-ing records that disclose, with reasonable accuracy at any time, the financial
;:n -ad which enable them to ensure that the project financial statements of the
-SAS and WB Guidelines;
=*,s  regulations of the Kyrgyz Republic, accounting system of the Project and the
--  ~.~Bank;
F--: z -=-e reasonably available to them to safeguard the assets of the Project; and
.- -: c fraud and other irregularities.
- e ents for the period from January 1 to June 28, 2019 and the grace period from
-^ 219 were approved and authorized for issue on January 23, 2020 by the
Rysbekova Nurzat
Financial Manager
January 23, 2020
-  ic                  Bishkek, the Kyrgyz Republic
2


h~k~r100,~ txa 10V st
bakertilty                      toi    oi
Bshkek, 720011
Kyrgyz Republic
>CE' E1ET AUDITORS' REPORT
-:  -- - -: o -  the Project "Sector Support for Education Reform Project" under the Ministry of
-S         e of the Kyrgyz Republic:
:--   accompanying project financial statements of the Project "Sector Support for
S-- - =0 eat (the "Project"), which comprise the summary of funds received and
::a  - su.mmary of expenditures paid by project components for the period from
.   219 and the grace period from June 29 to December 28, 2019, and a summary of
- : cies and other explanatory information (the "project financial statements").
C.=-mpanying project financial statements present fairly, in all material respects, the
: o- ved and expenditures paid and the summary of expenditures paid by project
z e- d from January 1 to June 28, 2019 and the grace period from June 29 to
accordance with International Public Sector Accounting Standard "Financial
Casn Basis of Accounting" (the "IPSAS") issued by the International Public Sector
a oard of the International Federation of Accountants, and the World Bank's
Sector Board's "Guidelines: Annual Financial Reporting and Auditing for World
-    es (the "WB Guidelines").
=- d-  n accordance with International Standards on Auditing (the "ISAs") and the World
7            Y=~-acement Sector Board's "Guidelines: Annual Financial Reporting and Auditing for
=  '  --a- :z ,Activities" (the "WB Guidelines"). Our responsibilities under those standards are
ie A ditor's responsibilities for the audit of the project financial statements section of
-ecendent of the Project in accordance with the International Ethics Standards Board
z e cf Ethics for Professional Accountants (the "IESBA Code") together with the ethical
-eevant to our audit of the financial statements in the Kyrgyz Republic, and we have
ca responsibilities in accordance with these requirements and the IESBA Code. We
-. evidence we have obtained is sufficient and appropriate to provide a basis for our
es;!s :matter
c-, opinion, we draw attention to Note 2 to the project financial statements, which
- accounting. These project financial statements were prepared for complying with the
<Bak Guidelines and the Financing agreement requirements.
--  - s-atements are prepared to assist the Project to comply with the requirements of the
S-        -es. the project financial statements may not be suitable for another purpose
3


Responsibilities of management and those charged with governance for the project financial
statements
Management is responsible for the preparation and fair presentation of these project fl-arc as--:
n accordance with International Public Sector Accounting Standard "Financial Reporting U-ce C
Basis of Accounting" (the "IPSAS") issued by the International Public Accounting Standards B -  7
niternational Federation of Accountants, and the World Bank's Financial Management Sector Bcard: s
Guidelines: Annual Financial Reporting and Auditing for World Bank Financed Activities (the "B
Suidelines"), and for such internal control as management determines is necessary to enable the
:-eparation of the project financial statements that are free from material misstatement, whether due to
ad or error.
Auditor's responsibilities for the audit of the project financial statements
objectives are to obtain reasonable assurance about whether these project financial statements as a
e are free from material misstatement, whether due to fraud or error, and to issue an auditor's report
7 cludes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
a=dit conducted in accordance with ISAs will always detect a material misstatement when it exists.
satements can arise from fraud or error and are considered material if, individually or in the aggregate,
:uld reasonably be expected to influence the economic decisions of users taken on the basis of
z  Croject financial statements.
z  of an audit in accordance with ISAs, we exercise professional judgment and maintain professional
-   s throughout the audit. We also:
*   fy and assess the risks of material misstatement of the project financial statements, whether due
-aud or error, design and perform audit procedures responsive to those risks, and obtain audit
::ence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a
n . Kal misstatement resulting from fraud is higher than for one resulting from error, as fraud may
ve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
*   :-a n an understanding of internal control relevant to the audit in order to design audit procedures
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
e:ctiveness of the Project's internal control.
*   .'uate the appropriateness of accounting policies used and the reasonableness of accounting
z-s7ates and related disclosures made by management.
*   :-clude on the appropriateness of management's use of the going concern basis of accounting and,
-r-zd on the audit evidence obtained, whether a material uncertainty exists related to events or
: - . tions that may cast significant doubt on the Project's ability to continue as a going concern. If we
:- Iude that a material uncertainty exists, we are required to draw attention in our auditor's report to
- elated disclosures in the project financial statements or, if such disclosures are inadequate, to
-c.fy our opinion. Our conclusions are based on the audit evidence obtained up to the date of our
:- or s report. However, future events or conditions may cause the Project to cease to continue as a
: gconcern.
*    a uate the overall presentation, structure and content of the project financial statements, including
- sclosures, and whether the project financial statements represent the underlying transactions
events in a manner that achieves fair presentation.
4


cEP with those charged with governance regarding, among other.matters, the planned scope
af8teauditand significant audit findings, including any significant deficiencies in internal
urw identify during our audit.
o provide those charged with governance with a statement that we have complied with relevant
requirements regarding independence, and to communicate with them all relationships and other
- that may reasonably be thought to bear on our independence, and where applicable, related
)uov                              Yulia Abdumanapova
accountant, FCCA
Cate of auditor of the Kyrgyz Republic  Certificate of auditor of the Kyrgyz Republic
A 0069                                   No. A 0068
Partner, Baker Tilly Bishkek LLC        Director, Baker Tilly Bishkek LLC
Tilly Bishkek LLC,
se Series A No. 0049
by the State Committee on Review and
t,on of the financial market of the
Republic
-, 23, 2020
- e the Kyrgyz Republic


SUPPORT FOR EDUCATION REFORM PROJECT"
-   5230-KG, GRANT NO. H836-KG
'OF FUNDS RECEIVED AND EXPENDITURES PAID
RIOD FROM JANUARY 1 TO JUNE 28, 2019 AND
E PERIOD FROM JUNE 29 TO DECEMBER 28, 2019
Note   For the grace   For the period    For the year    Cumulative
period from        from            ended
June 29 to      January 1 to    December 31,
December 28,      June 28,           2018
2019            2019
:aance             4           22,034          439,311         868,900    _
KG         5          105,356         474,413        2,674.189        6,748,188
KG         5           32,876         645,254        3,139,346        8,485,228
5 veceived                    138,232        1,119,667       5,813,535       15,233,416
6              46            2.679           10,141          65,264
-   p                        138,278        1,122,346        5.823,676      15,298,680
7                --                       2,012,431        4,323,603
7           23,020           34,539         753,138        4,290,571
7             251            25,667         272,000         574,124
7for fifth and sixth                                -           2,444           15,253
7 er Component
7          127,550        1,477,350        3,203,603       5,645,831
7    --                          -                          382.725
. ojectexpenditures              150,821        1,537,556        6,243,616      15,232,107
÷ :eses               8            8,259           2,067            9,649          65,341
s 9 aance               4            1,232          22,034          439.311           1,232
enova Anara                              Rysb'äkoýa Nurzat
tar Financial Manager
23, 2020                               January 23, 2020
thelKyrgyz Republic Bishkek, the Kyrgyz Republic
-s on pages 8-20 forrn an integral part of the project financial statemnents.
÷ eendent auditors' report is on pages 3-5.
6


"SECTOR SUPPORT FOR EDUCATION REFORM PROJECT"
CREDIT NO. 5230-KG, GRANT NO. H836-KG
SUMMARY OF EXPENDITURES PAID BY PROJECT COMPONENTS
FOR THE PERIOD FROM JANUARY 1 TO JUNE 28, 2019 AND
THE GRACE PERIOD FROM JUNE 29 TO DECEMBER 28, 2019
rin US dollars)
For the grace    For the period   For the year     Cumulative
period from        from             ended
June 29 to       January 1       December 31,
December 28,      to June 28,         2018
2019             2019
Component I. Enhanced learning
inproving pedagogical practices             -                -           64,388         1,786,189
Resources for learning                 127,550        1,483,595        5,644,619       10,782,537
Support to ongoing revision of
curriculum for Grades 5-9                   -                -          131,485          340,114
Assessment of learning                                       -           81,858          418,105
Component II. Improved
management and accountability of
school resources
Improved financial management                                -           34,916          315,381
Strengthened school leadership and
management                                                   -           44,487          362,242
Component Ill. Communications and
implementation support
Communications and outreach
activities                                                   -            2,489           23,696
Implementation support                 23,271           53,961          239,374          821,118
Project preparation                         -               ____-                        382.725
150,821        1,537,556        6,243,616       15,232,107
On   , fCft,hO,M  ent:
Aineke 4      a                                 Rysbekolda Nurzat
Director                                        Financial Manager
January 23, 2020                                January 23, 2020
Bishkek, the Kyrgyz Republic                    Bishkek, the Kyrgyz Republic
The notes on pages 8-20 form an integral part of the project financial statements
The Independent auditors' report is on pages 3-5.
7


ETOR SUPPORT FOR EDUCATION REFORM PROJECT"
-".lT NO. 5230-KG, GRANT NO. H836-KG
S TO THE PROJECT FINANCIAL STATEMENTS
THE PERIOD FROM JANUARY 1 TO JUNE 28, 2019 AND
GRACE PERIOD FROM JUNE 29 TO DECEMBER 28, 2019
GENERAL INFORMATION
- :-rding to the Financing Agreement between the Kyrgyz Republic and International Development
sociation (the "IDA") dated October 9, 2013, the IDA provided a Credit No. 5230-KG in the amount of
.3,000 Special Drawing Rights (the "SDR") and Grant No. H836-KG in the amount of 4,900,000 SDR
:ie Kyrgyz Republic.
The financing was provided for implementation of the Project "Sector Support for Education Reform
Project" (the "Project").
Project purpose
The objective of the Project is to create conditions for improved learning outcomes in basic education.
The Project consists of following components:
* Component 1: Enhanced learning;
* Component II: Improved management and accountability of school resources;
* Component Ill: Communications and implementation support.
Component 1: Enhanced learning
This component consists of four subcomponents:
Subcomponent la:
This subcomponent finances development and delivery of in-service training program for primary school
teachers and pedagogical staff; provision of teaching materials and strengthening the capacity of the
Kyrgyz Academy of Education and Oblast In-service Teacher Training Institutes and Methodological
Centres through provision of technical assistance in the form of furniture, materials, and trainings.
Subcomponent lb:
This subcomponent finances development of new manuscripts and publication of textbooks for relevant
target groups; provision of technical assistance to the Ministry of Education and Science (the "MoES").
Subcomponent /c:
This subcomponent finances supporting the piloting and revision process of textbooks for relevant target
groups; provision of technical assistance to MoES.
Subcomponent id:
This subcomponent finances assessment of learning system performance and effectiveness of education
reforms through surveys and observations.
8


ponent 11: Improved management and accountability of school resources
component includes the following subcomponents:
IponentIHa:
subcomponent finances provision of technical assistance, training, furniture, equipment and
a s for the design and operationalizing of an automated monitoring system for school budgets and
iditures; provision of training on the per-capita financing system (the "PCF") in general education;
provision of technical assistance to support key stakeholders in implementing PCF and other
-ed practices in management and accountability in four selected oblasts.
nponent 1/b:
subcomponent finances provision of technical assistance, training, furniture, equipment and
- als for the design and operationalizing of an automated monitoring system for school budgets and
editures; provision of training on the PCF in general educational system; and provision of technical
s:ance to support key stakeholders in implementing of PCF and other improved practices in
-agement and accountability in four selected regions of the country.
Clanponent Ill: Communications and implementation support
T7s component includes the following subcomponents:
Subcomponent I/Ia:
Tiis subcomponent ensures support for communicating to stakeholders about changes in the education
sector.
Subcomponent I//b:
This subcomponent ensures providing implementation support to the Project, including incremental
operating costs.
APoject management
The Project is implemented by the Project Coordination Unit within the Ministry of Education and Science
of the Kyrgyz Republic. The Project Coordination Unit was created on March 24, 2005 according to the
Order No. 58/4 of Ministry of Education and Science of the Kyrgyz Republic.
The Project start date is October 9, 2013. The Project completion date is June 28, 2019.
PRESENTATION OF THE PROJECT FINANCIAL STATEMENTS
Basis of preparation
These project financial statements have been prepared in accordance with the International Public
Sector Accounting Standard "Financial Reporting under the Cash Basis of Accounting" (the "IPSAS")
issued by the Public Sector Committee of the International Federation of Accountants, and incorporate
the following principal accounting policies, which have been consistently followed in all material respects
and comply with the World Bank's Financial Management Sector Board's "Guidelines: Annual Financial
Reporting and Auditing for World Bank Financed Activities" (the "WB Guidelines").
Under the cash basis approach income (or expenditure) is recognized when cash is received (or paid)
irrespective of when goods or services are received or provided.
The Project's approved budget disclosed by categories of expenses is not publicly available and as such
comparison of budget and actual amounts is not presented.


These project financial statements consist of:
*  Summary of funds received and expenditures paid;
*  Statement of expenditures paid by project components;
*  Notes to the project financial statements, including short description of main statements of
accounting policy and other descriptive notes.
The reporting currency of these project financial statements is US dollars (the "USD").
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Cash basis of accounting
The project financial statements are prepared on a cash basis of accounting. The cash basis of
accounting recognizes transactions and events only when cash (including cash equivalents) is received
or paid by the Project. Project financial statements prepared under the cash basis provide users with
iformation about the sources of cash raised during the period, the purposes for which cash was used
and the cash balances at the reporting date. The measurement focus in the project financial statements
is balances of cash and changes therein.
Operations in foreign currency
Operations in foreign currency initially are accounted in functional currency using currency exchange rate
settled by commercial bank on a date of operation.
Funds received are translated into US dollars at official exchange rate of Special Drawing Rights (the
"SDR") at the date of funds receipt.
Monetary assets and liabilities expressed in foreign currency are converted to functional currency at
official exchange rate on a date settled by the commercial bank.
All exchange differences arising in the settlement and conversion of monetary items are included in the
statement of cash proceeds and disbursements.
Non-monetary items are valued according to their historic cost in foreign currency, which are recalculated
on rates of the initial operation date.
Cash and cash equivalents
Cash and cash equivalents include cash on hand and due from banks, which can be converted to the
corresponding amount of cash in a short term.
Taxes
Calculation and payment of personal income tax and social security contributions from income of local
staff and consultants is made in accordance with the requirements and rates of the Tax Code of the
Kyrgyz Republic and corresponding legislation of the Kyrgyz Republic.
Project expenses
The expenses are recorded in the period when they were actually paid.
Sources of funds
The funds were provided by the IDA to the Project by advance payments, replenishment of special
account/initial deposit or through direct payment to the end supplier of goods and/or services.
10


3- AND CASH EQUIVALENTS
and cash equivalents as at December 28, 2019, June 28, 2019 and December 31, 2018 comprise:
Currency  December 28,       June 28,      December 31,
2019            2019             2018
account in Optima Bank OJSC   USD             1,232
ated accounts in foreign currency  USD                        13,819         431,702
Saccounts in foreign currency   USD                -5,942                       5,326
accounts in foreign currency  USD                -            2,269           2,269
accounts in national currency  KGS               -               4                7
accounts in national currency  KGS               -                -               7
Tender accounts in national currency  KGS              -                -
1,232          22,034          439,311
The cash balance as at December 28, 2019 in the amount of 1,232 US dollars was temporarily
ransferred to the escrow account in Optima Bank OJSC to cover subsequent expenses associated with
babilities on completing the Project (Note 13).
FUNDS RECEIVED
The funds received were presented by the following financing methods and sources of financing:
For the grace   For the period    For the year    Cumulative
period from        from             ended
June 29 to      January 1 to    December 31,
December 28,       June 28,          2018
2019             2019
IDA Credit No. 5230-KG
Advances/initial deposit                               -                          500,000
Replenishment of designated
account/statement of
expenditures                           -          181,654        1,936,863       5,124,494
Directpayments                    32 883               -         1,202,483       2,397,141
Specialcommitment                     -         516,600                          516,600
Refund*                              (7)         (53,000)              -          (53,007)
32,876          645,254        3,139,346       8,485,228
IDA Grant No. H836-KG
Advances/Initial deposit                                                -         400,000
Replenishment of designated
account/statement of
exoenditures                           -           51,813        1,690,339       4,198,978
Direct payments                  107,328               -          983,850        1,728,582
Special commitment                     -          422,600               -         422,600
Refund*                           (1,972)       __     -                -          (1,972)
105,356         474,413        2,674,189        6,748,188
138,232        1,119,667       5,813,535       15,233,416
* On March 27, 2019 the Project refunded the IDA funds in amount of 53,000 US dollars and on October
22, 2019 in the amount of 1,979 US dollars.
11


COME
me represents interest income accrued by the serving bank on the outstanding balances of cash
ated accounts and sale of tender documents.
For the grace   For the period   For the year
period from        from            ended
June 29 to     January I to    December 31,
December 28,      June 28,          2018
2019            2019
it No. 5230-KG
-,zome                                         -           1,279           5,552
der documents
-            1,279           5,552
ant No. H836-KG
kicome                                        46            1,400           4,389
nder documents                                -                             200
46            1,400           4,589
46            2,679          10,141
eest income is accrued on a monthly basis for outstanding amounts of designated accounts of the
-t in Optima Bank OJSC.
12


.,  У    и� и    м';',   с�            �, С9       сд  v     о   м      и    с�  �
с        г� аэ с€7 м     с�            с У         v с�      о ш        и    с� ш
`�       га rn и кr      и             ��          г� N      v�              � и
� омо    г,м,  � и7 �    иv            (7 �        аоо N     й й        а°Oо   ш�
Q=       6l  с15         Q�            Q=          б�  М     N
р                        �
>    - г°                              >    � г°
�'                      1              �
о        �                                      н
� и      �                                      �
сц ._    �                                      �
и v>     >             г.п ска ��з г�г   �
=�       агз  м сэ �rз     оо     �    +_+ �       rn ш      п�Oi й     rn     oNO °
с.�      V    � У      с�  с� со э<      и      V      У         ш о       оо ао      �      v<-
�  �
N с�          д о      сп  сп г� .-      �
о с�о         (j N     ��``              ^           � м         rn а�о    и Г        о      � й
��            Q и      �,•-�             N           V й         � М       М          �
о�            р�                                     Qp о        Г
� й             г                                    -г
�, о
л и
и �
�
� О                     '  �  '   м                                                    �
�и            �У         ш        м      й           r�          аоо°г°    �пi               ой
_�                                v      и           с У         � rn      м сд              ео  и
� с           �м         �               о           �м          й м       м со              оо �
� св     -о оо   С9 �    rn              и      � оо   (9 о�     с�  и     о   и                �
аи       �о Q=                                  �� Q2
�.�      cN      р_ 0                           �N     р �
.� О     ��        Z                            д�     -г
Ф Ш      у �                                    Ф L
О iU     л�                                     �,д
� с�     у �                                      .с
а>,      t�      _С7    ' и' N           �      t Е      �       и оо      сд и        �     с� о
'�и      `oa�i   a�io    ,�       �      00-    �c�i   �У        �ow       п�iпоi            ��
�                       и      о д    д о       о й       сд й
а Ш      lL р    V N     _О              _О     LL р   V N       м(О       �(О               � �
�              а
�=                 и     �               �             а и
� -а             р �                                   р 0
� �                Z                                   -г
й Q
С
х
ш
Q �                                 �
х и              �,�   � � �                                      ,         ,,         �      � �
ш ш        о     сУ                                                 м
�                                  +-� У        г�
�'0        о     Lм                               rn   �            с�
�а       Е�''    �0D                              с°�   С9�         с�"
�° о     °00     0                              о�      Q=
> с      ��      -г                             ч с�    О_ о
coi о    о с                                    ��        г
шУ       •�,�                                   •°�
и со     � °           .   �  �                 °'$
��       t�      =У                             s�      .�С�      �   о     °  �      �      •  ,   с.�
�        �       �                              w         У           м                             '"
�=       О го�   �м                             О �     �о            �
о�       LL С    V й                            LL 7    U N
(0 �        �    р О                               гсС   Q и
� �              _г                                �     рг
�  С
� о
и а
� о         �    ��    ,   �  �                    �       �      ,  �     о  ,       �      ,  �
ш Е
и       �о сУ                                     � �
с�.      ос�     �сд                            �о       ��
с�     �         м                            о N      �
'а ш     w оо    � оо                           �ь  ао   � омо
�ч       =
С Q      о у     р_ О                           О�       р о
ш�       а ё       г                            д д        г
�         �                                     аЕ
Q �      � и                                    � и
со       �                                    � �
� а      `�°р          �   �  �                 �о
�   й �      ��      �У                             �о       _У      �    �    ,  •       �      ,  �
�
�   � 7      +�•'�   ь�.о                ,          tp)      д0
~   о -      ` G>    VN                             �N       UN
�   N С      � с     а и                            о С      Q и
Z   +'   Ш      '    р О                            � 7      р р
ша   � �             -г                               �      -г
�С   `о �
ш    cU   о                             и
Н    �  Z'                              �                                      О
C,i   С  (�                             �                                      р
О     ��3                               �             V                   ш•о.�й оо        �о
и                                   �
а     �LO                  ��           с             ш              ��_шФ� ���            �
ш     � � и                i�           �°            и              ����•с а�iй'�         а
>                                       .:                               w    а
�     Q._  (й              �            О                            �                 С С w
Х�"С7                                           г              и��`у    О'С  й �,О  О
J     _� +о+  �            С   С        �             Н              �'i7  у(ц  р�  С f6 �(9  С
�     U Ф N       i�i      О N и•                     •--�           ����.С  � f6      j Ф� и И
�     •р  �  �    Qp       V   .а  � .�               Й              й  =р  j  � �  й 'UC iц � й .� .�
�     ���                  � �s а                     г              с   v�U �tE��U.�
(�    � Qa        �        ш ш > �                    �              U �� � aQ� °c.�Q а►`
ti


巨


1
!т    й  йv  м°vй    аио_       ��      �   ��
`  _           �     N          (�  _   (О   f0',!:
л                               о
-�                                   о
г                  �           -г
�
_                       �
�
_                   Е
�   �  мо  rnмг�   и
��;   �    ш ш      v°м !   поi   U   "�   аоо   аоо
_   о        -р  У   м   м
U N                      N   �        ` м     00   00
�и                           м        U �NCf
G_о                                   �о
'     г                                    _г
�                   �                  �
сУ     �    �  �        �   о   а00о   �У     °о   °о
�и                          v_   м     ,��    �    �
_-   а М                        �    г   � и   �_   �   �
Ф
_        _
_    � г                                 � N   �  о
-                                      � м     г
-                                      '° `
„ _                                      ш у
_                                      �' �
___    �   �    �   ,    �   � ср    с�   r�   ., С9
�                          о    Г
_  "   � У                      м    и    � сыi   � У   �   �
-      оо                       ui   б�   О д     д0    �   �
' -    UN                         ,   �   IiG     (jN
Qи                         '   Г           Qи
о о                                        о о
_г                                         _г
(�   �   �   ,   �  и г�     rn          �, С7
�     � У                   о о      г�          _
,                  м м      о     о�      У
�     `и                             �     �     �сд
= й    С7 �                           •-    �°.�   � а`�о
-                                         �        а=
_
О а0
_ N    0 �                                w N      � С
_ Ф    - г                                � д      - г
; с                                       о �             �
>>                        �
=�                                        ���
^«            �   ,  �                    а о
'�     �(�                �   о м     оо   у+✓
w г�    оо     �     _ С�                                                       и
_   г   :а  У                         и    � г     ;о  У                                                      г
_ �     �м                            °с   О �     �м
�-- �   UN                                 LL 7    UN
и
�   �г                                   �     р �
-г
7
�     у�    ,   �   �   �� й        й      о�      У
� i
0     С У                     N     N      т     С
ON �м                                      �N ��
��      �и                                 ,��     ��
С� Qp=                                     �N Q=
i д     _ о                                о у     0 С
аЁ        г                                �дд     -г
аЕ
й �                                        д �
д                                        и �
�р            ,   �   �   ,                �р
у$      =У                                 °�о     =У
v  ,                               д  �.   �
�М      �м                                 tи      `о
о` Ф    V N                                � N     U N
и                                   д
LL'     о г                                �'      Q о
-г
�
о
о
ш       �
и            �       о
W           и �>     л
и           ш �      �
Z           v с      и
ш           L .�   _  о
Х           > v    � й_
ш р         ° v    � �    о
а�
� ш         с� �     к-   �т                   и
г�          со     Qуи,г?                      �
"'     ��          ш.о`ш ос`т �                       г      °с�
�      шг          .ст� с�с Е `ш                      �      .с
а�          т��    ш�С со  о L                        �
О�.         �U... �Ш й U О                     Н      �
�


t�                                 �        ,      i
"У      й �     N                  +'У     о   о й�      rn
��      v_v     rn                 ��      �ч   vс�г�!   и
м     г�  й   пi                 � м     �    �ч       �
Q=      й й     й              �с   �о�о   �_                 � о
С    о      а
®                              д    �      �                  U   у
-     ®  ®    �       N              �    � N    �  С               О  Z'
_       г                            �    �м       г         '      �.с
�    �ш                        й�
-     а+ U�   1�  fD   М             U    ��     �+ С�   �   ' N(D  l1') ��,!   �   Ф L
-     �аУ     � и      о             �    � �    �У      о   � м N'             о   ��
и м      rn
U N     М �      �             У    L L р   U N    м   �                  и   �°
и�    с�  ао   о             �              м                               о   г'
� г     с�       rм            �            � Z                               � й
о                                                  �
аиi                                            rn ~
с�                                             с сц
+,, C7   ш  ш'   N             �            � �     ,  �  ,  ,            ^   v �
С
� У      й ш     й             iv     и     � У        N                  N   c�v ш
� М      N   00............   �   д   �     L м        �                  �   и U
_--�   Q=      Г N                  �   и   EN    �2                                ��
Q                                 О
'    Q о     �                    �   V   � N   0 О                               О р
_      -г                                         _
_ а�и                '                  �   о �     г                               ° °
`                                     и   •�  �                                   й  >
'�                                      й   ао                                      cw`�
с     ..          ,     �   ,               � с
= i    �'С�    й   п�i'             й�   N   �.-   ��        °м                 °м   �.
_ v    �`1�    � ао                 �    °-   �.   :р  У     ао                 ао   т rn
`®     (� смЧ   ° и'                гга'   °   С ега   � о°,>                !       N о
� м                 г..    �•   ti �   U гч                          3 си
а`�      �    '                     аиi    т    Q'�                   �       ш со
то                                  �      �    со                    !       �cv
_г                                  _           _г                    i       ° `
.�                                        У  �
U                                         о    �
�.                                           �
_      �             �                           о ш
о�   с�С      °Г°                 '�     а      �    сУ   °м й                й    N о
,                         Г                  ,�   и                   И
-й     `м       �    ',             �      �    ос°�   ��   v                   �    N�
-      ��       и                   �      N    wao    а=                            с ссо
= ао   Q  =                                >,     N
- т    о_ о                                rn   о�     �г                            �rn
г                                 а      л
�'                                         °    а�                                   шN
-O                  Е)                     �    � °1                                 -°и
>,
у� т   +, С�    сиD                 �'     О    � 0    �, (7   �   ^   �   �    �    U �                            �р
ь �'   �У                                  Ш    dr     �У      т                �    ��
до       о                   �      с�   tм     `о      м                м       �
О ia   � м      �
1L 7   UN       ао                  w      �    �N     UN                            Ф О
�    Qи                                  с    о�     Qи                    '       � �
�    0 О                                 LL   LL'  7   � р                 '       N,N
- Z                                 �      �      - Z                         � О
i                     �                                         У  N
00                  а7     � С                                       � ++
�
�    �' У     м                   . �                                              .� >.
СN     �с�      г�                  r      �                  л                      ��
:  ао   � омо   °                   о      =                  °'                     ° ш
�N      а=                                 �                  У                      с.с�
О �     0 г                                �                  �                      С  �
ш                                          °                  �                      ji  и
�  �                                       �                  О        и             � �С
v                                       Ф                  �        с             О с
�
и                           �
� С                                                           с        °             г' �
�$      � У     N                   пNi.   �                  с        г�о           � О
L N     � М     N                   N      °                  0        С             ��
�° �    а"'                                °                           д             = Е
�    0 О                                с                  й        о             � N
_г                                 °                  �        U             ooU
�                                       .-
�                                          �                  о        �             �w-д
_                                           и �
Q                                          �С                 �        �             >   С  N
гп                         и                                         7
��                  �                      � й                �        й N           U��'
� uJ                р                  и   7 С                •        � Е           � г' 9,
� 0                 �                  ш   С Q                �        с �           �(0  �)
�. � �          У   �                  (/)   •   Х            �        О  , С        �  Vj  Т
�           о с                    г     и ш              ш        и             и NY
� и �           о,,..                  LLJ   Ш�               .с       � й и            V°
ир~             д°                     а     ��               о        с`ш  й        t ��
г           о �                    �С    Ф�'                       �    с        +• �,�
'        У   Ш           с N                    Ш     Q°               с    и ц' •�   а       с о о
�:       О�р             °-  а                  �     ш с              �.�   � о о х          °.. ш
'        Ор=а            � о                    Ш     � т              л� �� и�               � Ф с
�        шкр             т ш                    F'    'L °             ш ш   гсц  °�  �=      и х.с
�        �и�             � о                    О     О�               �� т 5� О              т°:�
�


. ..... ............
FINANCIAL POSITION
Financial position as at December 28, 2019, June 28, 2019 and December 31, 2018 is as follows:
December 28,      June 28,      December 31,
2019            2019            2018
ASSETS AND EXPENDITURES
Cash and cash equivalents                           1,232          22,034         439,311
Cumulative project expenditures                 15,232,107      15,081,286      13,543,730
Other expenses                                     65,341          57,082          55.015
TOTAL ASSETS AND EXPENDITURES                   15,298,680      15,160,402      14,038,056
FINANCING
Funds received                                  15,233,416      15.095,184      13,975,517
Other income                                       65,264          65,218          62,539
TOTAL FINANCING                                 15,298,680      15,160,402      14,038,056
'Q. WITHDRAWAL APPLICATIONS
Withdrawal applications for the period from January 1 to June 28, 2019 and the grace period from June
29, 2019 to December 28, 2019 are presented as follows:
For the period from January I to June 28, 2019:
Sources of     Appli-       Date             Direct        Goods and         Total
financing     cation                       payments        services,
including audit,
trainings and
operating
expenses
IDA Credit
No. 5230-KG
66      January 25, 2019                        93,836          93,836
67      February 8, 2019                        87,818          87,818
69-B        May 20, 2019                        107,893         107,893
69-B        May 24, 2019                        107,020         107,020
69-B        May 31, 2019                        209,712         209,712
69-B        May 31, 2019                         91,975  -       91,975
698154          698,254
IDA Grant.
No. H836-KG
68     February 26, 2019                        51,813          51,813
70-B        May 20, 2019                        171,705         171,705
70-B       May 20, 2019                          75,306          75,306
70-B       May 20, 2019                          88,277          88,277
70-B       May 20, 2019                          87,312          87,312
474.413         474,413
1,172,667       1,172,667
17


"or the grace period from June 29 to December 28, 2019:
Sources of    Appli-       Date              Direct        Goods and         Total
financing     cation                      payments         services,
including audit,
trainings and
operating
expenses
DA Credit
o. 5230-KG
71*       August 8, 2019             -          293,569         293,569
73     September 5, 2019        12,661               -          12,661
77     September 5, 2019        14,761               -          14,761
75A*     October 29, 2019            -           23,423          23,423
80    December 16, 2019          5,461               -           5.461
IDA Grant                                                          316,992         349.875
No. H836-KG
72A*      August 8, 2019             -          240,193         240,193
78     September 5, 2019        12077               -           12,077
74*     October 29, 2019             -          57,835          57,835
81     November 4, 2019         18,004              -           18,004
82     November 4, 2019         58937              -           58,937
79A    December 16, 2019         6,038               -           6,038
83    December 16, 2019         12,272              -           12,272
107,328         298,028         405.356
140,211         615.020         755,231
* Withdrawal applications No.71 and 75A under IDA Credit No. 5230-KG and withdrawal applications
No. 72A and 74 under IDA Grant No. H836-KG were provided as a report of spent funds on advances
received, there was no request for reimbursement of funds by the Project, as a result no payments were
made by the IDA.
Deleted applications for the period from January I to December 28, 2019:
Sources of     Appli-       Date             Direct         Goods and         Total
financing     cation                       payments         services,
including audit,
trainings and
operating
expenses
IDA Credit
No. 5230-KG
69         April 1, 2019            -          463,072         463,072
69A         April 9, 2019            -          463,072         463.072
75      October 22, 2019            -           23,423          : 23,423
949,567         949,567
IDA Grant
No. H836-KG
70         April 1, 2019            -          378,877         378,877
70A         April 9, 2019            -          378,877         378.877
72        April 24, 2019            -          255,073         255,073
79      October 28, 2019             -           5,418           5.418
-        1,018,245       1,018,245
18


:ESIGNATED ACCOUNTS STATEMENT
o ement in the designated accounts for the period from January 1 to June 28, 2019 and the grace
od from June 29 to December 28, 2019 is presented as follows:
Zesignated accounts                    IDA Credit         IDA Grant
rrcy                               No. 5230-KG        No. H836-KG
Ba.~rnkac                             US dollars          US dollars
Bank account                        1091828235573678    1091828235573173
Optima Bank         Optima Bank
ank's locationOSC
326, Zhibek Zholu avenue, Bishkek, the Kyrgyz Republic
Cescription                            US dollars          US dollars           Total
Balance as at December 31, 2018              185,823            245,879            431,702
Replenishment of designated
account/statement of expenditures            181,654             51,813            233,467
Total funds received to the designated
account                                      181,654             51,813            233,467
The amount of eligible expenses paid         299,387            245,537            544,924
Refund                                        53,000                                53,000
Transferred to the transit account            15.083             38,343             53,426
Balance as at June 28, 2019                       7              13,812             13,819
The amount of eligible expenses paid                             10,359             10,359
Refund                                            7               1,972              1,979
Transferred to the transit account                7                 249               249
Transferred to the escrow account                                  , 232             1,232
Balance as at December 28, 2019
12. UNDRAWN FUNDS
As at December 28, 2019 undrawn funds with breakdown by grants and credits are presented as follows:
IDA Credit         IDA Grant
No. 5230-KG        No. H836-KG,
SDR                SDR
Approved credit and grant amount                               6,000,000          4,900,000
Disbursed during the period from January I to June 28, 2019   5,975,656          4,717,174
Disbursed during the grace period from June 29 to December 28, 2019  23,959         76,392
Undrawn amount of credit and grant                                 385             106,434
IDA Credit         IDA Grant
No. N2 5230-KG,     No. H836-KG,
Funds received as at January 1, 2019                           5,508,343         4,373,389
Disbursed during the period from January I to June 28, 2019     467,313            343,785
Disbursed during the grace period from June 28 to December 28, 2019  23,959         768392
Funds received as at December 28, 2019                         5,999,615         4,793,566
19


3. COMMITMENTS
In the normal course of activities, the Project concludes agreements with suppliers of goods and services
in accordance with the established budget and procurement plan. The Project had commitments for
covering audit service expenses to Baker Tilly Bishkek LLC for the period from January 1 to June 28,
2019 and the grace period from June 29 to December 28, 2019 in the amount of 1,232 US dollars.
4. FIXED ASSETS PROCURED BY THE PROJECT
Project procured fixed assets within the implementation of the Project activities. The full list of procured
fixed assets is presented in the Annex to the project financial statements on pages 21-24.
In accordance with the Order No. 164 dated November 5, 2019 of the Office of the President and the
Government of the Kyrgyz Republic Automobile VAZ21214 was transferred to the ownership of State
Institution "Auto Transport Enterprise of the Office of the President and Government of the Kyrgyz
Republic" from the Ministry of education and science of the Kyrgyz Republic.
Equipment procured within the implementation of the Project has been retained by the World Bank's
Project Implementation/Coordination Unit due to the need for preparation of new World Bank project.
15. GOING CONCERN
The period of duration of the Project ended on June 28, 2019 and the grace period ended on
December 28, 2019.
16. LEGAL CASES
There were no any legal cases related to the Project.
17. EVENTS AFTER THE REPORTING DATE
As at the date of issue of the project financial statements no significant events or transactions occurred
that need to be disclosed in the project financial statements.
20


�          о        о        о        о        й        й        й
о        о        о
�`         г        Г        �        �        {z'      �        Г.
а
ш
и
г�
s
�
�
а
�::
�                             с                                                       �
о
�          о        о        о        о        о        о        о
о        о        о
с          U'       С7       U'       U'       С'i      U'       U'
О
U
Т
�
�          О                                            (О       Г�
О        О        р        о        о        О        О
�          о        О        о        О        О        О        о
с          О        О        О        О        О        о        о
г                                                        �       О
У        У        У
У        У        У        У
О          �        �        �        �                           '
Ш        Ш        Ш
С          Ш        Ш        Ш        Ш        Ш        Ш        Ш
с          й        й        й        и        ш        Ш        Ш
и        й        й        й
+        +        +        +        +        +        +
о        о        о        о        о        о        °
ам       ам       а�       а�       а�       а�       �
_с,�     си       с�м      с�м      см       сй       �й
Ш�о ш�о ��ои ��и ���л ��и ��и      _
ш        ш   о
Q-orna  Q�rna   Q��a   Q��a  Q��a  ¢ Ё�а  Q��а   `"
�Qvf6 иQ+ с �¢"�       `nQ"�  иQ"�  `nQ"�  `n���
N J+  О N J   О N J+  р N J+  р N J+  � N J+  0 N J+  �
Z а�й   � Z а�й   � Z а�й   � Z д�й      � Z а�й      � Z а�й      � Z д._
и о   и             и о   и                   и°        и           и
са°`�      'cJ°'�    CJ°w      �Са°w        'Са°ч�      �°ь�          Оат Ф
�                                 °О Q�      о0 а�     ор Qo     ор ао        орУ о ор�е о о0�с о
V                                 г��а       ���д      ���д      ���а         �� °-а  �� Q-a            �� ад
ш             а�                  т ай � т а°ш � т Q°ш � т аш° � т°'O с°�'  � йо п�                     � Q,o ш
аш _ т аш � т аш �
�            �с                   �°р� �'�с�� �-°с�� ~-°с�� �-°с�� ~-°с�� �°с��
�            ас�                  о�и� р�слр о�и_р р�и_р р�и_р р�_ир                                    р�_и0
д            PN      F-   д       =г rn� =г rnv        �гр �=гр �=г� � 2Zp Е=ги Е
N       W            � гл         и с°    � и � �  � и��   и rn�    и и�   �v
С U   �            С U     �       С U   �       С U   � и   С U
�          V%   �                 NOWQ          NOwQ   NowQ  NOWQ    NO_WQ         N_OWQ         NowQ
О          шмт       О            �°�г          �°�г   � ойг � ойг с.=7 ойJ        � ос$J = o�Z
��         � W W     �            ri с_�а       ri сда   ri саШ  м сда   ����      ���ш          �а�д
ш У                  а            о   и                р о   иJ  о   и�   м,с��    ri,c��        ri,ca�
��         ��ш       ш            ш��� ��� J             ���р  ��^О       ���О     ���О          ���р
Z о        �'  �     �            � Г�й  р      � ��й  v   Т Г�U  v          � ��=�  р   � �'U  р   � �'V  `�   � N•V  V
�=         и�0                    •'г'`г' �г    •`аи тг   иiи тг             ии гиог     иiи �г     йи �г       й,n иг
��      �            иrn�и           иди        и�и      и     и      и     и      и     и           о, f0
�          -��,      т            �о=и          шо=и      шо=и               �о=и        ио=и       �ои         шоди
а �        а    с�Ч   G           с°�V со       UV со     CjV со             °U сГ       °U сГ      °с�=`г°     �Cj=с°
U Z        V�         ш             С!'-N         (�J'-N    (�J•-N           UC1•-N      Ua._N      Up.SN       Uр,�сГ°V
� F-       г а г      ?           �+ й �        �+ й�     �`�3 � �`�� �° v� и°' �� и°? v� и
шQ         ZZ'        V           ��°о ��°о     +�а                          �+оа  ��од  �+о�  �+оа
р             C1� �         р� �    °?д     °          °3�� °  :?   � °  :?�`- °  ,п?J�' о
��         и..                    �           а �                                  CJ�          `    =оа
а�       �           а2°             =оа     °=оа               °=о�  °=од  °ро�  �р�
OU'        U'�р       а           �NN � ËNс�V � ËNс�U � ËNV � ËcN.�C� с°i  �NCj с�  �Nc� с°i
Н У        ' Q 1�L    Fи„         U У �О        U У�О     U У�О              U У �О  U У�О  U У�О  U У�О
�  ,         �С       W
Оо         �шр        и                и         и         и         и
aN         а°�        и   й            о         о         о         о       о       о       Г
д о        ш О ш      а   �            с�        с�        �ч        с�      c.i     с�      с°�
r
2 р�  n.   С   �            о_S       oi        й         й       oi      oi      й
и Q        ��JJ  ш"�   ш   '           `         `         �         �       в-      �"'     �
�Z         paU �'      �   а           п�        ш         `ш        `ш      `       �       �
� Е-       ~=�'о       �   о           Ё         Ё         Ё         Ё       Ё       Ё       Ё
VG         WF-(9й      О   ::          >         >         >         >       о       о       'о
'     й�         гр=�        й   °           г         г         г         г       г       г       г
� �        аш���.      �


й          й         й         й          й           о           о           о           о
�        о          о         о         о          о           и           rn          и           rn
.`       г          Г         Г         Г          Г
а
ш
и
г�
t
и
�
�
а
и
с                                                                                      �
°                                                                                      •г
а         а         а          а           а           а                       а
=                                                                                      и
�        °о         °о        °о        °о         °о          °о          °о          и           °о
°        С7         С�        (�        С�         С7          С7          (�          о           С�
U                                                                                      �
О
�
д        оо         rn        о                    с�          М           v           и           сд
д        о          о                              �                                   �
�        о          о         о         о          о           о           о           о           о
У          У         У         У          У           =           _           _           _
�
�        �          �         �         �          �           �           �           �           �
с        Ш          Ш         Ш         Ш          Ш           Ш           Ш           Ш           Ш
у        L�         Ш         Ш         �          Ш           Ш           Ш           Ш           L�
�        и          и         и         и          и           и           и           и           и
�        и          и         и         и          и           и           и           и           и
+          +         +         +          +
�           �           а           �
о          о         о         о          о
�n         �г�       dr        д�         а�    °р�с        °��е        °��с        °р�с
М          М         М         М          М         а           а           а           а
Си         Си        Си        си         си      с�а      г�а         г�-о�       г�i�
��о        ��и       ��и    ��и           ��и      о а�о    о то        о а>о       о то
Ш �   �   и   Ш и�  и   Ш и о   и   Ш и о  и   Ш U о  и а а о U   а а  N U   а а N  U   Q Q' Ф U                     N
Q Е� � Q Е� � Q Е� С Q Е� С Q Е�? с�С��                           с�С��      С�С�`�     с�С��
-о�а          а�Ш       -ота        -о��       а�� ��ир         ��ир       ��и0       �;�и0
и¢`.�         и¢...�    и¢...�      и¢..�      и¢...�L      U �   s   U �    �   U �    r   U �
+ С       �   + с       + С         + с    .-   + с �Z �Е     vZ �Е      vZ �Е      �Z �Е
с��   о с��         о с��     о с��       о с��       о�и         �ои        ти         сои
Z�'й       � Z а- 'й    Z�'й        Z�'й    � Z�'й U р Ш�      U р Ш�     U р Ш�     U р Ш�
и о   и и   о    и               и о    и
С а�""'       С�� w     С а��       С�� w      С�� w  � �(О J     � О� J     М О�¢      � О� J
°р а°         °Q а°     °р а°       °р а°      °р"а°       d�Z      �   Z      �   Z      d�Z
�а          �   �-о��   �а        �   �а     �   �а     �°о с�а   °о С��     °о С�д     °о с��
т а Ф  о т Q Ш  _о      т О> О Ш� р� О Ш� р� О Ш N� и J           N� и J     N� и J     N� и J
�       �   аи � т аи � т nш и_и     г�0            и   �О     'л   �О    'л   г�0
Н-�С7�          F-•�С��   Н�(��  Н�С��  Н�С���лс� ��              йпi ��     �лс� ��    !лс� ��
��и_�           р�и�      р�и�  р�и�  р�и� �й �Z                  �й•�С�     �й'�С�     �й'�С�
� Z    U   Е    р Z U   Е   �     (�      Q      (�      Q      U      о Q)   о)     Z   о)     Z   о      Z
a�i   =   о�а        =   в>а     =Z а>-Ев      =Z v»          =Z ��Uо=и   �jо=и   �jо=и      �jо=и
�� и  с и� и             с �� и  с и� и  с и� и  с �      (j  С со           С j  С с_о   � j  С_ш   �j  С сО
N О Ш¢        N О Ш¢        N О Ш¢        N О Ш¢        N о Ш¢  � U' '- О   � р   О   � р   О   � р       О
=Г��          =Г�J          =Г�J          =ГvJ          =�vJ �LL�N          �L.L�N    ���N      �LL�N
(7  о со  г   С�  о сд  Z   С�  о со  Z   р   � со  Z   р� и Z     +    и     +   и      +   и     +    и
����          ����          ����          ����         ����(���          U�O �     U�O �     UQO �
М с�  J       М С�  J       М С д  J      М С а J       М С а  J� � ��      � �  ��   � Q  ��   � Q �   �
о�ир          о�ир          о�ир          о�ир          о�ири=     о        и=     о   и=    о   и=     о
�с� ��        �с� ��        �с� �С�       �с� цС�       vc� ��итU й         �°oU ш     �°oU ш    �mU ш
�n iл 'и  Z   in  й'и  Z    uj   'и  Z    �n   'и  Z    uj   'и  г Ш о N с�   Ш(�  N с�   Ш(�  N U   Ш С7  N с�
иди           rnди      й�и      й�и      й�и �оШ�                          Е°о�'Е      �°о��      �°о��
�о=и          �о=и          �о=и          Ео=и          Ео=и•аи+0             •Qи+0       •Qи+0      •аи+0
о �,       о �,        о �        о .�
U� >СО        U� >СО        (�� >с0       U� >с0        Ud COQ��� �Q��M_�Q��M jQ���+rj �
:> �>  и      :) v>  и      ��>  и        4? �>  и      N��  и о �•с й�  Ф �•с й д  N �•С й д  Ш �•с й а
с+о�          �+о�          �+о�          �+о�          �+оа¢т?'��°¢��о�9Q��of6Q��°�0
�J� о           J           �J            �J            �J   U� С     СО
�Ш,   `- 0 Ш      �_ О`     Ш   � О`      Ш   � ЕУU'   о ОУU'  V Q� ОУU'  U� ОУU'  Uр� О
а�0�          ��р�          с�0а          ��р�          7�ра °о�_аСй °о�аСй °о��Сй О•�'ЕОСй
NU �_       aNU _�        aNU �_        aNU coi       aNU �_ ш   Q+ о�   U+°д  ^ �+ од   и+ о
Ес�           Ес�           Ес�           Ес�           Ес�       N   �ч- ш N¢д.� � й¢�� ш N¢��
',         ON�"�         oNN�          ONN�          ON�"�         ONN� О=Jи � О=Jи � О=Jи � О=Jи �
',         UY�O          UY�O          UY�O          UY�O          UY�Ozc�zo�zc�zo�zc�ZO�zc�zo�
•                     и              и             и             и        и   и   и          и           и
ш                                                                                      �
и               о              о             о             о        о   о   о          о           о
т
'     =               oi             й             oi            о�       oi   о�   о�       й           oi
'     �                                                                                      �
�               Ш              Ш             Ш             Ш        Ф    Ф    N        N           Ш
Q               1]             S]            1]            1]       1]   1]   1]       1]          1�
о               Е              Е             Е             Е        Е    Е    Е        Е           Е
°               >              >             >             >        >    >    >        >           ;
�               о              о             о             о        о    о    о        о           о
р               z              z             г             г        Z    z    г        z           z


о         о         о         о          о         о         о         о
�         о>        и         и         и          и         и         о�        и
.`
а
д
и
�о
t
�
�
�
а
с                   �
о                   •�
='        о         й         о         о          о         о         о         о
с         U'        О         С9        U'         С9        С�        U'        U'
О
Ci                  7
о
�         �         °Г°       °-'       с°�        i         N         N         N
д         о         о         о         о          о         о         о         о
�         °о        °о        °о        °о         °о        °о        о         °о
с          �         �         �         �          �         �         �         �
о         �         �         �         �          �         �         �         �
r
с         LL        LL        LL        LL         LL        LL        LL        LL
'с        й         й         й         vиi        й         й         й         й
а         а         �         �         а          �         а         а
о J      О J       О J       О J       О J        О J       О J       О J
г�о а    �р а      г�р Q     i.o Q     i.p а      �о а      �р а      �о а
N� Р     :V '�  Г    :у  � Г   :V  � Г   N� Г       N� Г      N�!�      N� Г
� аош    � аош     � аош о     � аош    � аош И   � аао� �   � аош �   � аош о                    м
j�C�r �   ��Ur �   ��С.7t�и-   j�Vr ,��-   j�Vr �   j�C.7,�-   j�Vr �   ��Vr �                    N
ш��о г��о L��o ш��о =��о ���о =��о ai��o
ой ��     г�ай о�   тй ��      с�ий ��     гUой ��   тй т�     тй ��    тй ��
U о Ш�    U о ш�    U о ш�     U о ш�      U о ш  V   U о ш�   U о ш�   U о ш  V
� Г   Q   � Г� Q    � Г� Q     g Г� Q      � Г   Q    � Г   Q   � Г� Q   � Г� Q
М О� J    М О�р J   v О�р J    М О�р J     М О� J     М О� J    М О�р J   М О�р J
v�Гг      v�Гг        а.-г       а.-г        а.-г       аГг       аГг     vаГг
°о саа    °о саа    °о сда     °о сда      °о сда     °о саа.   °о саа    °о сда
й�и� й�и� й�и� й�и� й�и� й�и� й�и� й�и�
,  �о     , ��о     ,  �.о     ,  �о       ,  �о      ,  �о     ,  �о     ,  �о
!л_с� ���^ ис� ц��^ ,и_с� ��   .и_с� ���^ !г_�с� ���^ ис� ���^   .и_с� ц��^   .и_с� ���^
И`- иv    оГ иv     ИГ иС7     ИГ иv       уГ иv      уГ иv      оГ иv        уГ иv
`о�дг `о�дг `о�дг `о�дг `о�дг о�дг `о�дг `о�дг
�VO=и Vo=и Vo=и Vo=и Vo=и Vo=и Vo=и Vo=и
=   U    и     U_и       U   и      U   и       U   и      U   и      U_и          U_и
-у   сГ    -у   сГ   �    сГ    �    сГ     �    сГ    �    сГ    �    сГ      �    сГ
�, С� '-  о   .- С�   о   С!'>-  о   Г1 '>-  о   СЭ '>-  о   С� '>-  о   CJ   о   -- С!>   о
С v� N        � v� N   С l.L > N   С v> N   С l.L > N   С v> N    С v� N          С v> N
С�+й �        С�+й �   С9+й �      С�+й �   С�+й �      С7+й �    С�+й �          U+й �
Г 0 О         Г 0 О    Г 0 О-      Г
hQГa          ��Гд     1�рГ�       hQ��     �Q�d        f�Q�d     1����           Г�О��
и=оо и=оо и=оо и=оо и=оо и=оо и=оо и=оо
Гт  ��        t�m  � а   �т  � а   Гт  ��   �т  � а     Гт  � а   ит  � а         �т  � о.
U ш           U N        U Ф       U N      U Ф         U N       U               U
WpN с�        WC�N с�    WpN а     WC�N с�   WC�N с�    WC�N с�   W�7N с�         W�7N coi
�oov�         т°ov�      ш°о��     ш°о��     шоо�-�     шоо��     тоо��           ш°о��
•  и+о        •  и+0     •�и+0     �и+0      •�и+0      •`и+0     �и+0            •�и+0
й   о         й   о      й   о     й   о     й   о,-.   й   о.-.   й   о,-.       й   о
м    г� и   гл   � и   м   � и   м   � и   м   � и   м   г� и   м   � и   м   � и
Q�ам �Q�ам �Q�ам �Q�ам �¢�ам �а�ам �¢�ам �Q�ам �
�О.Ейа ��.5,`� а�0 с,'r а�о сйа `ш0 �йа `ш0.5,`� д_ ш�.Е,`� а_ шо.5йа
Q��� oQ��� �Q��° �Q��� �Q��� �Q��� �Q��� �Q��° �
°о� Е� � о� ЕС•й °о� Е�•й °o�v�•й °о� ЕС�й °о� Е��й °о� Е��й °ov Е��й
���+ �д,�г�+ �и  -�+ �д  -И+ �д,�с�i+ �д  -�+ �д  -г�+ шд�с�+ ш
NQd�•�-w? и¢а� а; йQа� а? йQdw пi иQа� и> йQ�w а� йQа� и� иQд�
о=�и ° о=�и ° о=�и � о=�и ° о=�и ° о=�и ° о=�и ° о=�и °
'       ZC�Z��ZC7ZOdZC9ZOaZU' ZOaZC�Z�aZC�Z��ZU' Z�aZU' Z��
и            и          и           и          и          и           и          и
�          о            о          о           о          о          о           о          о
и          N            N          N           N          N          N           N          N
Ф
t          о            о          и           о          о          о           о          о
`          Г            Г          е-          .-         Г          а-          Г
�          N            Ф          Ф           Ф          Ф          Ф           Ф          Ф
а          д            д          д           д          д          л           .с         д
о          Е            Е          Е           Е          Е          Е           Е          Е
т          ш           а�         ш          а�          а�         ш
r'
`°         г°           г°         г°          г°         г°         z°          г°         z°
о


о0          а0 а0 м м м м rn  и       � а0 1�  v     Г         и     м
О           Оиишсоииис�ии�Гии                                  г�    v
д      �           о Г��� и М Г м м Г Г(р  о д)                       м     о
о                                                                         Г   N   �
�                                                                             Г
а
ш
и
н
s
�
�
7
а
С
р      �           � -о � v v � v �  �  v v  � -о � v                         а
=      о           о о о о о о о о о о о о о о о                              о
�      о           о о о о о о о о о о о о о о о                              о
р      с�          с7 с� с� с� с� с� с� с� с� с� с� с� с� С7 с�               с�
с�
�      и           (р              Г cV      и(О     а0  м   о   Г
� ао  rn о м м  �''�   м м�    м
д      °о          °о °о °о °о °о °о °о о °о °о о °о � °о °о                  о
�      о           о о о о о о о о о о о о° о°о                               °
с       �           ���� � �� о  �� о  � Э ��                                 V
2           = С С С С У С ��� С У U��            �
О      �           ����� т 6  � С С  �$      У У                              �
�      ш           ш ш ш ш ш�� ш�� ш����                                      �
�      ш           ши.шшшшшшшшшшшшш                                           и
ш     ш ш   ш
с      й           й й й й й и й й и и й и й й й                              и
-             и и   и и   и   и и
и
а      а,                                                r
о�    о�                                                 с.т
а     а                                             �� °�
� Г                                              3
Qаошс� ааош°�                                            ш�   N
��U -   �U -                                               Е
7                                                  0)._
�           �
ш J и �   ш J и �                                        й т
s�U р     ��U �
г�ай �Е   тй иЕ                                         ` с�а ш
I�                      г�шQ      ��wQ        х х х   ш шд а�
м о��     м о��       ,т ,т  ;а   г г                    у.и
од   г    оаГг        г� г        У У с�`Ей
о._�д                                  >.ш шо
с� си�    поi�йа      с с с       Q Qvv аш
и?�г�0    'л,   �О    с�  с�  с�   т   � � о о     и
ис;i ��   ис� ��                   `т   и ид Ет `ш
р j'иС�   рй'иС�      ���          Е    д С1 �v�д
о�дг      оодг        °�  `ш_  `ш_   гв   rn rnдосо Е
=           С
д U°=и       U°=и        о о о          U    о о Ес�Г �
..р.,C1 р�   ..о.,� р�   г г г и"'        Q Q� o N Ф
Sw�N         Sw�N        °'  °?  °? N rn       с�Е io
С_��о�       С��о�       •а•а•aCj� м   _ шш��3�и
f��Г0_       f��Гд               = J м   N��     р_о
и=Г о        и=Г о       г г г   о и Ха   Х v�w ш•�°,й�
о�           о�   �    �    �   �с   �е   �   U   с    т    т р т� Г
Г т N  U     ш� U  о       N N N         Й N�       О 00   Н    С   С•�i Й Ф�
N U   р N N N           N   U�� О��             Е
� й+ О       � й+ О    п°�i й.  ii ii    � т   � �  � N  �� и и �� с о
�и     о     'й     о   �'   ��� д о р,Ф  N а'           �   с N N вN- � Ш 7
Q�ам �Q�ам � т и и и                     � Г и  о о т�� и ис�оГои;t
`шо.5йа `о.Е,`п�        � й й й -в °Г°         п� � а  �  �  �   � ��шо�•3
U��Op  � cpi��0 � О Z Z Z                � о� О О  о О р с c�CJa�Os
о Си7  � rn  о о�  � й о   � й й сшл,    �� ш си  й U с �.о  �о � � о'ш
�                                            `о  �    N_  �  3
д��+ шд�     + ш           � о о о�_  о� д С1  о а  °'          с�  с°� oN�o
пi йQа� т йQ��
о 2 � и  � о 2 � и°        •�   т т гра  �'� 'о  ш api  •�  т ш�� � Н  � й
zc�zo�zc�zon. д U U U 0 г> т т а ш и Q QQX сГ
и         и и и и и и и и и и и и и и и        �
�         Г                   Г    Г    Г    Г          Г    Г    Г    Г    Г          Г          Г   Г
и         о         о о о о о о о о о о о о о о о                                                     о
�         с�        с�        с.�   с�   сч с�  с� с�        с�   c.i с� �ч  с�        с�  с�     с�   сч
r         oi        ai        oi  й oi  aS  oi  й oS  й oi � cS  й   й oi                              �
`                   Г         Г          Г    Г    Г    Г    Г    Г    Г    Г    Г   Г   Г    Г        (V
�         �         �         �  �       �  �      �    �    �    �    �    �    �   �   �    �        й
а         ш         ш ш ш т ш ш ш ш ш ш ш ш ш ш ш
д         д д д д л л д д д � д и д д д                                                      �
о         Е         Е Е Е Е Е Е Е Е Е Е Е Е Е Е Е                                                      �
у         ш         ш ш и ш ш ш ш ш ш ш ш ш ш ш ш                                                      Q
>         > > > > > > > > > > > > > > >
�         о         о о о о о о о о о о о о о о о
о         г         г z z z z г z z z z z z z z z


�,
,s.
t��
�
t.
�
r
т�
Э�
1(
}� �
:У
3W
12`
s•
ч
s
.�
�""       ч'
.
�          ���            � `
ю  �   '   �               �i
��                          �  �
Е
�          �   �                                 �
�      �                               т.
i
�                                     П
г
s.
I                                                         €.
L
�
юs                                                                         ?
� ',   ' I                                                                       й
.�
I                      I                                                                   й
�   ::
«
;ь
� '�.                                                        � •   �� '...
� �� �
I                                                                    I           �   -
�   I    xW
�                                                                           `_�
�                        �               I
>�
йЭII€                                  ��
�   ��
��.. I         Э!^:.
?}�_
��   ���.  �                               '`�.
'+!�
I
i                                                      .
�                                                ��:»»                                        '   ..   ...'
j
�    �                                          �
�                 ���.   �                                            �•[2'
��
� 2�
I   ����.   ��.Т
S
I                  ЭЁ.
2.
�t
Т
�    .    I .         .���.  �   �  ��   �                         .   �        . I
�                 �                                              w'
�
��        �I�� �                                            •
«                                                                                                              L
�                                                      i
�         �       �                            � �Т •
�
��..   ��                           ��    ���.   �   �    �   «.              �                    С
�            �        �                       �  ,',.   т"0.   �   ,   �  ..   У
�                               �   �� I                  ,2 .
�               �I                                                                                 ��      �     �       �
��.. I          I         ��                   ��..  �                 I � �
I                 j
i                                                           ���.   �                                       �   .   I..
. .  7   }      ��. �           .                                                               �..
Сг _г  ,              1       I.             .>"W-   ...          3        Ь"                   у
.              �                                                                                                        _
.
��1           и   т   �   �     .й             :           :»»:   �   �                                          �.�4.
�.м.-ч�а   � hI� �r.:.�iS. .•3r.� �   �                    9     1э                      �-м,
'        t       с'
.                                                     �     � ��   � '�,   .                                  €1  . .   , г г 5
.   1ь
.'.    � .    �   �                                        ., r            �иi.
�                               д   '1                     а
��                     I       I                                            �Ft.
У   �     ._'.1   -Ч     j          �       Ю«цy                                                                в'��
}                   � u���S �                  £                                          i                       ..il.
....    ...... ....   _•.и
.   ..   .   ,:��.-
r<г
�       �                               �        тм,                                             �
',  �  �        t                      '  �        ' �                                                        ,                          ��
r�=
�                            t                   i                          г-
*r
ь
��           ��           ���            �                                                        4��2-
У
..    �         �              ..�.   ...  �   .   -        _  ..'�,   �..:_    �...     �   _ '�.   .....   ....   :       :             :��: