'AAiT Addis Ababa Institute of Technology Addis Ababa University African Railway Center of Excellence PAh617 9n. C fAff AtJ++ cn96hA To: World Bank Ethiopian Country Office Office: +251 111261294 Mail: arce@aait.edu.et Financial Management Date: Novenbe1022-0--- Ref.No.: RC N Subject: Audit Report Addis Ababa University African Railway Center of Excellence (ARCE) has entered five years project agreement with World Bank to train MSc and PhD students from African Countries in the field of Civil Infrastructure, Traction and Train Control (Electrical) and Rolling Stock (Mechanical).Thus, the center has completed its audit of financial statements for the period ended 7, July, 2020. This is, therefore, to send the audit report of the African Railway Center of Excellence (ARCE) for the year ended July 07, 2020. With Kind Regards, Abrham Gebre (PhD) Director, African Railwd eL eence Addis Ababa Institute of Technology King George VI Street Addis Ababa Ethiopia | P.O. Box 385 Tel. 011 - 12 32 435 1 Fax. 011 - 12 39 480 I info@aait.edu.et I www.aait.edu.et INDEPENDENT AUDITORS' REPORT ON THE FINANCIAL STATEMENTS OF ADDIS ABABA UNIVERSITY, ADDIS ABABA INSTITUTE OF TECHNOLOGY AFRICAN RAILWAY CENTER OF EXCELLENCE PROJECT NUMBER (151847) PROJECT FINANCED BY IDA, CREDIT NUMBER: 57940-ET AS AT AND FOR THE YEAR ENDED 07 JULY 2020 TAY Authorized Accountants and Auditors Addis Ababa, Ethiopia Tel.251-11-442-1336 Fax 251-11-442-1338 E-mail: info(c(tayauditine.com P.O.Box 1335 Addis Ababa, Ethiopia Ethio-china Friendship Street Wongelawit Tadesse Building 1st Floor Website: www.tavauditinL.com TAY INDEPENDENT AUDITORS' REPORT ON THE FINANCIAL STATEMENTS OF ADDIS ABABA UNIVERSITY, ADDIS ABABA INSTITUTE OF TECHNOLOGY AFRICAN RAILWAY CENTER OF EXCELLENCE PROJECT NUMBER (P151847), PROJECT FINANCED BY IDA, CREDIT NUMBER: 57940 ET Opinion We have audited the accompanying financial statements of Addis Ababa University, Addis Ababa Institute of Technology African Railway Centre of Excellence Project Number (P151847), Project Financed By IDA, Credit Number: 57940 ET, which comprise statements of financial position as at 07 July 2020, statements of source & uses of fund, summary of designated account and summary of significant accounting policies and other explanatory notes for the year then ended. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. In our opinion, the financial statements present fairly, in all material respects, the financial position of Addis Ababa University, Addis Ababa Institute of Technology Africa Railway Centre of Excellence Project Number (P151847), Project Financed By IDA, Credit Number: 57940 ET as at 07 July 2020, its financial performance and Operating result and it's movements in cash in the designated account for the year then ended in accordance with Generally Accepted Accounting Principle. In addition, with respect to the statement of expenditure submitted during the year ended 7 July 2020, in our opinion. a. The statements, together with the procedures and initial control involved in their preparation, can be relied up on to support the relevant withdrawals, b. Adequate supporting documentation has been maintained to support claims to IDA for reimbursements of expenditures incurred: and c. Expenditures are eligible for financing under IDA Credit No.5 7940 ET Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISA). as promulgated by the International Federation of Accountants (IFAC). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit qfthe Financial Statements section of our report. We are independent o zation in accordance with the International Ethics Standards Board for Accountant c s Professional Accountants A member of Kreston International I A global dent accounting firms Ethio-China Friendship Street, Wengelawit Ta e uilding 1st Floor Tel. (011) 442 1336, 442 0062, (011) 470 7092,(011) 470 7094 - Mob.(093) 001 4106, (091) 151 5038139 Fax (011) 442 1338 - e-mail: ihfo@tayauditing.com - www.tayauditing.com - P.O. Box 1335 - Addis Ababa, Ethiopia (IESBA Code) together with the ethical requirments that are relevant to our audit of the financial statemetns in Ethiopia, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Responsibilities of the Management and those Charged with Governance for the Financial Statements The management is responsible for the preparation and fair presentation of the financial statements in accordance with the accounting policies of the Organization, and for such internal control as management determines is necessary to enable the preparation of a project report that is free from material misstatement, whether due to fraud or error. Auditor's Responsibility for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the project report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Scope of the Audit We carried out our audit in accordance with International Standards on Auditing (ISA), as promulgated by the International Federation of Accountants (IFAC) and the terms of reference provided to us. During the audit, we have given special attention to the following matters to ensure whether the:- * World Bank financing (and all external financing where the World Bank is not the only financer) has been used in accordance with the conditions of the relevant financing agreement, with due attention to economy and efficiency, and only for the purposes for which the financing was provided. * Eligible Expenditure Programs (EEPs) submitted to the Bank for reimbursements are accurate, Complete and reliable. The EEPs will relate to the salaries expenditure as defined in Financing Agreement. The EEPs will be for the Addis Ababa Institute of Technology (AAiT). * Disbursement linked indicators/results as defined in the Financing Agreement have been achieved * Goods, works and services financed have been procured in accordance with the relevant financing agreements including specific provisions of the World Bank Procurement Policies and Procedures; or Ethiopian government procurement policy and the ACE's procurement manuals. Qq3 Au"' * All necessary supporting documents, records, and accounts have been maintained in respect of all project activities, including expenditures reported using Statements of Expenditure (SOE) or Interim Unaudited Financial Reports (IFRs) method of reporting. We have also verified that respective reports issued during the period were in agreement with the underlying books of account. * We have verified designated project accounts or bank accounts have been maintained in accordance with the provisions of the relevant financing agreements and funds disbursed out of the accounts were used only for the purpose intended in the financing agreement. * We have checked the national laws and regulations have been complied with. * We have checked that assets procured from the project funds exist and there is verifiable ownership by the implementing agency or beneficiaries in line with the financing agreement. In complying with International standards on Auditing, we have paid particular attention to the following matters and confirm the following: * Fraud and corruption: We have not come across risks of material misstatements in the financial statements due to fraud as required by ISA 240. * Law and regulations: There was no non-compliance by the implementing agency with laws and regulations that may materially affect the financial statements as required by ISA 250. * Governance: There were no audit matters of governance interest arising from the audit of financial statements to be communicated to those charged with governance of an entity as required by international standards on Auditing 260. * Risks: We have determined the overall responses to assessed risks at the financial statement level and designed and performed audit procedures to respond to assessed risks at the assertion level as required by internal standard on Auditing 330. The engagement aA udit resulting in this independent auditor's report is Tesfa Tadesse, MSc, FCCA. ' TAY Authori l Addis Ababa Accountants & o 26 October 2020 3 ADDIS ABABA UNIVERSITY, ADDIS ABABA INSTITUTE OF TECHNOLOGY AFRICAN RAILWAY CENTER OF EXCELLENCE STATEMENT OF FINANCIAL POSITION AS AT 7 JULY 2020 CURRENCY: ETHIOPIAN BIRR Notes 2020 2019 CURRENT ASSETS Cash at bank 4 20,059,523 6,868,380 Debtors and Prepayments 5 36,342 105,048 20,095,865 6,973,428 CURRENT LIABILITIES Trade and Other Payables 6 1,535,202 60,565 NET CURRENT ASSET 18,560,663 6,912,863 REPRESENTED BY Fund Balance 18,560,663 6,912,863 4 A 0 vj A "affi* ' ADDIS ABABA UNIVERSITY, ADDIS ABABA INSTITUTE OF TECHNOLOGY AFRICAN RAILWAY CENTER OF EXCELLENCE STATEMENT OF SOURCES AND USES OF FUNDS FOR THE YEAR ENDED ON 07 JULY 2020 CURRENCY: ETHIOPIAN BIRR Notes 2020 2019 SOURCES: Main IDA Credit 16,499,464 IDA Direct Payment Subtotal 16,499,464 - Others Foreign Exchange Gain 2,591,319 400,105 Students (Tuition) Fee 163,160 1,124,002 Stipend Fee from IUCEA for Scholarship Students - 910,332 Tuition fee from IUCEA 1,049,178 - Other Income 42,267 - 3,845,925 2,434,439 Total Source of Funds 20,345,389 2,434,438.71 USES OF FUNDS: EXPENDITURES CLASSIFICATION (IDA FUND) Achieving Learning Excellence 6,222,531 9,123,357 Program Review and Accredition 151,872 2,608,047 Enhancing and Achieving Research Excellence 1,070,186 1,480,486 Promoting and Integrating National & Regional Sector Partners - 67,117 Promoting and Integrating National, Regional & International Academil 403,715 944,564 Participating in Benchmarking Exercise - 4,600 Achieving Sustainable Financing Ensuring Timely and Transparent Financial Management 306,977 278,914 Ensuring Timely Procurement 151,872 153,367 Ensuring Conducive Working Conditions 42,385 94,237 Stipend Fee to IUCEA Scholarship Students 348,051 518,268 Total Expenditures 8,697,589 15,272,958 Excess of Sources (Income) Over Uses (Expenditures) 11,647,800 (12,838,519.17) Fund Balance Brought Forward 6,912,863 19,751,382 Fund Balance Carried Forward 18,560,663 6,912,862.83 I 5 CO* ADDIS ABABA UNIVERSITY, ADDIS ABABA INSTITUTE OF TECHNOLOGY AFRICAN RAILWAY CENTER OF EXCELLENCE STATEMENT OF CASH FLOW FOR THE YEAR ENDED 07 JULY 2020 CURRENCY: ETHIOPIAN BIRR 2019 Cash Flow From Operating Activities Excess of Income (Sources) over Expenditures (Uses) 11,647,800.19 (12,838,519.17) 11,647,800.19 (12,838,519.17) Increase/Decrease in receivable 68,706.12 (105,048.00) Increase/Decrease in Accounts Payable 1,474,636.57 60,565.19 1,543,342.69 (44,482.81) Net Cash Inflow/Outflow from Operating Activities 13,191,142.88 (12,883,001.98) Cash at the Beginning of the Year 6,868,380.07 19,751,382.05 Cash at the end of the year 20,059,522.95 6,868,380.07 A MoiAA2 3,*~ 09nts 6 'C*0 6 ADDIS ABABA UNIVERSITY, ADDIS ABABA INSTITUTE OF TECHNOLOGY, AFRICAN RAILWAY CENTER OF EXCELLENCE STATEMENT OF DESIGNATED ACCOUNT FOR THE YEAR ENDED ON 07 JULY 2020 Account Number 0100171300037 Depository bank National Bank of Ethiopia Related Grant IDA Credit No. 57940 ET Project No. 151847 Address: Addis Ababa Ethiopia Currency USD 2019 USD BIRR USD BIRR Opening Balance Brought forward (08 July 2019) 187,135.11 5,415,109.96 674,817.92 18,413,486.66 Add: Transferred from World Bank-Credit 667,811.99 20,363,977.88 - - Transferred from IUCEA 34,440.00 1,049,177.90 32,000.00 910,331.52 889,387.10 26,828,265,74 706,817.92 19,323,818.18 Less: Transferred to Birr Account & Other Expenditures (403,639.60) (12,398,166.94) (500,000.00) (13,745,350.00) Others . - (19,682.81) (563,463.69) (403,639.60) (12,398,166.94) (519,682.81) (14,308,813.69) Add: Gain on Exchange - 2,591,319.37 - 400,105.47 Closing Balance Carried Forward (07 July 2020) 485,747.50 17,021,418.17 187,135.11 5,415,109.96 7' 5039 7 ADDIS ABABA UNIVERSITY, ADDIS ABABA INSTITUTE OF TECHNOLOGY AFRICAN RAILWAY CENTER OF EXCELLENCE NOTES TO THE ACCOUNT FOR THE YEAR ENDED ON 07 JULY 2020 1. BACKGROUND Based on an agreement entered between the World Bank and the Government of the Federal Democratic Republic of Ethiopia, through the Ministry of Finance and Economic Cooperation to extend support to three centers of excellences under the Addis Ababa University (AAU). Three centers were selected for the implementation of the project which are,Center of Innovative Drug Development & Therapeutic Trails for Africa(CDT-Africa),African Railway education & research inistitute(ARERI) and African Center of excellence Water management (ACEWM). The objective of the project is to increase human and infrastructure capacity through high quality trainings,research and by strengthening the management of education and research. 2. OBJECTIVE OF THE PROJECT AUDIT The objective of the Audit of the financial statements(PFSs) is to enable the auditor to express a professional opinion on the financial position of the project at the end of each fiscal year,and on funds received and expenditures incurred as well as eligible expenditure programs for the relevant accounting period. The projects books of accounts provide the basis for preparation of the PFSs by the project implementing agency and are established to reflect the financial transactions in respect of the project.The implementing agency maintains adequate internal controls and supporting documentation for transactions. 3. ACCOUNTING POLICIES A) General Accounting policy The Organization uses Modified Cash Basis of Accounting. B) Fixed Assets Fixed Assets are directly expensed in the year of Acquisition. C) Income and Expenditures Grant Income is recognized when received, Foreign exchange gain is recognized when the rate of cash deposited in foreign exchange appreciates during the year and Expenditures are received when related liability is incurred. D) Exchage Rate Grants received are translated in to Birr on the exchange rate ruling at the date of transaction. Cash deposited in foregn exchange is translated in to Birr on the rate ruling at the the date of financial ~ 135 U tno~ 1411t - 15 ADDIS ABABA UNIVERSITY, ADDIS ABABA INSTITUTE OF TECHNOLOGY AFRICAN RAILWAY CENTER OF EXCELLENCE NOTES TO THE ACCOUNT FOR THE YEAR ENDED ON 07 JULY 2020 CURRENCY: ETHIOPIAN BIRR 4.CASH AT BANK 2019 Designated Account-NBE 17,021,418.17 5,415,109.96 IDE Credit Account USD 3,038,104.78 1,453,270.11 20,059,522.95 6,868,380.07 5.DEBTORS AND PREPAYMENTS 2019 Receivables from Staff 18,561.00 105,048.00 Receivable from AAiT 17,780.88 - 36,341.88 105,048.00 6.TRADE AND OTHER PAYABLES 2019 Accrued Expenses - 10,404.80 Employment Income Tax Payable - 35,613.07 Pension Contribution - 8,589.60 Value Added Tax Payable - 5,606.22 Withholding Tax Payable 351.50 Payable to AAiT 580,268.64 - IUCEA Stipend Payable 954,933.12 - 1,535,201.76 60,565.19 .jM 9~ AA23" 1 51 g3l j J'Q6 1335 ADDIS ABABA UNIVERSITY, ADDIS ABABA INSTITUTE OF TECHNOLOGY AFRICAN RAILWAY CENTER OF EXCELLENCE NOTES TO THE ACCOUNT FOR THE YEAR ENDED ON 07 JULY 2020 CURRENCY: ETHIOPIAN BIRR 7. COMPARISION OF BUDGET AND ACTUAL EXPENDITURE (Annex 3) VARIANCE % of Budget by Component BUDGET (ETB) ACTUAL (ETB) (ETB) Utilization Achieving Learning Excellence 15,432,952.81 6,222,531.03 (9,210,421.78) 40% Program Review and Accreditation 577,956.25 151,872.00 (426,084.25) 26% Promoting and Integrating National & Regional 152,093.75 - (152,093.75) 0% Enhancing and Achieving Research Excellence 8,213,062.50 1,070,186.49 (7,142,876.01) 13% Promoting & Integrating National,Regional & In 2,433,500.00 403,714.54 (2,029,785.46) 17% Achieving Sustainable Financing 1,064,656.25 - (1,064,656.25) 0% Ensuring Timely & Transparent Financial Manag 882,143.75 306,977.20 (575,166.55) 35% Ensuring Timely Procurement 349,815.63 151,872.00 (197,943.63) 43% Ensure Conducive Working Conditions 730,050.00 42,384.79 (687,665.21) 6% Stipend fee to IUCEA Scholarship Students - 348,050.80 348,050.80 100% 29,836,230.94 8,697,588.85 (21,138,642.09 2 0 A 10 ANNEX-1 ELIGIBLE EXPENDITURE PROGRAM (EEP) STATEMENT ADDIS ABABA UNIVERSITY, ADDIS ABABA INSTITUTE OF TECHNOLOGY AFRICAN RAILWAY CENTER OF EXCELLENCE STATEMENT OF REIMBURSABLE ELIGIBLE EXPENDITURE PROGRAMS (EEPs) FOR THE YEAR ENDED ON 07 JULY 2020 CURRENCY: ETHIOPIAN BIRR Semi-Annual Semi-Annual Period Ending Period Ending Cummulativc Cummulative for Jan 9, 2020 July 7, 2020 For Financial PAD/Life of Eligible Expenditure Program (EEP) (ETB) (ETB) Year End (ETB) Project (ETB) EEP 1: Salaries of Addis Ababa University, Addis Ababa Institute of Technology Staffs 41,878,797.22 44,642A42 87 86,521,240.09 266,953r365.71 EEP 2: Non Procurable Expenditures -_-_- Total EEPs 41,878,797.22 44,642,442.87 86,521,240.09 266,953,365.71 NB: The cunulative for project life (last column) is the sum of the actual current period expenditure plus the previous periods actual expenditure throughout the project life. 2020 2019 EEP 1: Salaries Expenditure by Month July 6,658,345.00 6,349,715.00 August 6,670,587.00 6,339,935.00 September 6,632,864.00 6,306,851.00 October 7,129,224.96 6,421,362.50 November 7,359,153.96 6,481,232.00 December 7,428,622.30 6,551,048.60 January 7,490,730.85 6,578,062.40 Fcbruary 7,423,156.82 6,560,396.00 March 7,457,075.12 6,599,804.00 April 7,429,861.66 6,612,061.00 May 7,426,161 06 6,630.573.50 June 7,415,457.36 6,635,561.00 86,521,240.09 78,066,602.00 A4 � о � о� й о о й й о о о о й й ^ о и м t� о су с� г� о t: �п о � и �д vi оо с� м vi �.-� м vi t� г� г� er сыj О N I� --� U N N оо О� N N оО С� О� 00 С М l� N�О О О О N О О cF -^ �--� О О R и�--� И О N И м �О N И О 7 о cV �D ' V М И[� l0 и �О И И V' �-ы О м И N R 00 °� l� М д' М N г�1 R , � � � � � Ои1 L Й М QNi N О О О � L СС о h ' ОО И ' ' U ' �-• N N Q а.р�. >, О о� И о0 О� М о�о 00 ,� д N l� И V KJ И й = у+У�' Н � N И N N и И р р б ь. 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'�7 ëi � (] ы Z � � _ � },- � hR�d•r, р�,,, д .а о � n� � у� ¢.� w � j е ,� ж w `л ""'С л С ` � '� ^�'�'ав а Q Q'С ' 3 Е �, �^ ао",�'��' �� i й (Е"j •= Q v сС п ��� о°� �а �Р`� °`i Q � � ro с � Р�' �с '� .r. �' и> `}' � Q ° о оЛ -° � и Р', r й° о� ' ь � о ид о С ёе `с' 7 Р`у �>с� � У _ Г� с� v W -v й о �й � Ассо�° ��3 ы � Е с ш �с j д ° о у_ � а- с¢°' с й о° о о о F„ Q 'о � 3 �`д Е к�°- �д F Gт, F � F�' � � G рр °Zi f1. i� и'О ,��. fz1 � iд -р ,�' ++ л' � (� 'О G С � ` д � � с � У 4. ссб с д О а. �, с 'и и д' у У й и с�.L й и с и ы •3 v� А Q w r°Q ° Q � �> о i Е>�л °' Е � р °- р г�о . ��-а�о � ы �.� � с i о � � с а 3... ы1 J а ���� L � aci � О = Q1=' ?�•�.°�� �� с ьл Е" s°. ���-а � r�:с 3 с о� ��.� с ,?j р, ьЛ и о z '� °:° с i о.о � � w a��i � л� т 'ал, с� � W � �' с р г� .., сб � � й � � ¢ .3 � с � �С Л � U Е л °_ � ё_ Е > � W �.-. ьл � н о � пг ❑ Е-� с'b о Е- с �= F � о с.� r�. � а U � ш i� и од `д ¢ coi bn °' � Q .> й й о'� С.г? � С L7 i� б� .L � ¢ ,L � L с0� Е- у._ ... с L ьл О �й ,- N г� U п5 г1] у,д • � у.� й й й й.� С � й с�.� v> м' s� � о т 3�"D R s`° s.� °°°' � с о о• Х Q W WUa,d �д д"а.д.а W а`.�и '��ё.Г� z � �О �- N м�t и и t� l� --� N м ао -- N м С� ^ N г� z о �О И �б �О V' �б �О t� [� h о0 и aJ Q� О� О� 4 V ANNEX-4 LIST OF FIXED ASSETS PROCURED FROM PROJECT FUNDS Addis Ababa University, Addis Ahnha Institute of Technology African Railway Centel- of Excellence Africa Higher Education Centers of Excellence Project List or Fixed Assets For the Vear Elided On 7 July 2020 S.N Original C 2 Asset Description Tag No Serial No UOM Qty cost in ETB I UPS Turbo AA iT-I 02-4531-22-ARCE-355 1706200325 2 UPS Turbo A A;T- I n)-4 11 -22-ARCE-355 1706200326 3 UPS Turbo A A iT- I 02-4531-22-AFC-E-341 17 4 UPS Tuvbo AAiT-l W-4i31-22-ARCE-35 i . I -------- 5 UPS Turbo AAiT-I 07-4 31-22-AR(:E-359 1706200145 PCs 1 5 ' 750.00 Good Tellagile Ill eraw 6 UPS Turbo AAiT-I 02-4531-22-ARCE-349 1706200140 PCs 1 5,750.00 1 U 000 enagrie Shileraw 7 UPS Turbo AAiT-i n?-4531-22-ARCE-354 1706200050 I)CS 1 5,750.00 j(J00U 1 C11"roe IlllleraNv UPS Turbo AAff-in?-4531-22-ARCE-356 1706200049 I)CS 1 5,-, 9 UPS Turbo AAiT- I 02-4531-22-ARCE-343 1706200278 PCs 1 5,, 10 UPS Turbo AAiT-1 02-4531-22-ARCE-342 1706 00277 - I ;" 11 UPS Turbo AAjT-1 02-4531-227MCE-344 1706200147 P H : Fellagi e shitbraw 12 UPS Turbo A A;T-1 09-4531-22 ARCE-J-Ns 1706200148 1. 1 t o Shilbraw 13 UPSTurbo A AiT-I 02-4531-22-ARCE-349 1706200247 PCs I 5,750.CE Tenagne Shiferaw 14 UPS Turbo A AiT.i n?-4931-22-ARCE-346 1706200182 PCs 1 5,750.00 Good Tertagne ;liileraw 15 UPS Tufbo AAiT-102-4531-22-ARCE-345 M6200163 PCs 1 5, I U.uu Good Tenagi e Shilbraw III UPS Turbo AAiT-1 02-4531-22-ARCE-352 1706200164 I)CS 1 5,750.00 nno(i "rell"IR] -1 - 17 UPS Turbo AAiT-I 02-4531-22-ARCE-353 1706200212 PCs 1 5,750.00 Good Teritigne Shiferaw 18 UPS Turbo AAiT-I 02-4531-22-ARCE-351 1706200211 PCs 1 5,750.00 Good Teriagne Shiferaw 19 UPS Turbo AAiT-I 02-4531-22-ARCE-361 1706200257 PCs 1 5,750M Good Teriagric Shiferaw 20 UPS Turbo AAiT-I 02-4531-22-ARCE-347 1706200271 PCs 1 5,750.00 Good Tenagne Shiferaw 21 UPS Turbo AAiT-I 02-4531-22-ARCE-230 17062OD272 PCs 1 5,750,00 Good Teumie, Shii-erm 21 Desktop Cou, PlAter H11 AAiT-I 02-453 1 -11 -ARCE-321 CZ6487751 Set 1 20,831.34 Good 'I enagne Silifieraw 23 Desktop Computer HP AAiT-1 02-453 1 -11 -ARCE-324 CZ648711OW Set 1 20,831 34 Good Tenague Sliifeiaw 24 Desktop COMPLiter I-11' AAiT-102-453 t-1 I-ARCE-322 CZ648771 8 Set 1 20.831.34 Good Tenagille Shitleraw 25 Desktop Computer H 11 AAiT- 102-453 1 -11 -ARCE-316 CZ64876ZD Set 1 20,83, 1.34 Good Tellagne Shiteraw 26 Desktop Computer HP AAiT- 1024531 -11 -ARCE-323 CZ6437736 Set 1 20,831.34 Good Teilagne Shiferaw 27 Desktop Computer 1411 AAiT-102-4531 -1 I-ARCE-328 CZ64876XR Set 1 20,831,34 Good Teriapile Slliferm 28 Desktop Computer 1-111 AAiT-I 02-4531-1 I-ARCE-329 CZC64876Q9 set 1 20,831.34 Good Teriagne Shillermv 29 Desktnp Computer I III AAiT-102-4531-i I -ARCE-317 CZ648778C SCI 1 20,831.34 Good Tell"lEme shifer"11V 30 Dtfsktop C0111I)Llter HP AAi'F- 102-453 1 -11 -ARCE-314 CZ64876X9 Set 1 20,831.34 Good Teliagne shileraw 31 Desktop Computer 1-111 AAiT-102-4531-1 I-ARCE-320 CZ6487GVJ Set 1 20,831.34 32 Desktop COMPLIter HP AAiT- 102-453 1 -11 -ARCE-325 CZ64876YP Set 1 20,831,34 Good 'relligne shiferaw 33 Desktop C01-Aptner HP AAiT- 102-453 1 -11 -ARCE-326 CZ648772D Set 1 20,831. 34 Desktop Computer HP AAiT- 102-453 1 -11 -ARCE-327 CZ64876XB Set 1 20,831. 35 Desktop Computer 1-11' AAiT-102-4531 _ I I -ARCE-330 -111-111 36 Desktop Computer HP AAiT-102-4531-1 I -ARCE-318 CZ64876ZN Set 1 20, Good Teriagne snifcro, 37 Desktop Computer I III AAiT-102-4531-1 I-ARCE-319 CZ64876ZS Set agne shilleraw (7 Desktop Computer 1-111 T- A --315 agne shifelaw 38 X. Olt ,jSj 17 F16 cc, 14 EaTAI I ANNEX-4 LIST OF FIXED ASSETS PROCURED FROM PROJECT FUNDS Addis Ababa University, Addis Ababa Institute of Technology African Railway Center of Excellence Africa Higher Education Centers of Excellence Project List of Fixed Assets For the Year Ended On 7 July 2020 S.N Asset Description Tag No Serial No UOM Qty Original Condition/ Location/llolder 0. Cost in [TB Remark 39 Desktop Computer HP AAiT-102-4531-lI -ARCE-312 CZ648776D Set 1 20,831.00 Good Teigne Shiferaw 40 Desktop_Computer_H_ CZ6487BH5 Set 1 20,831.00 Good Tenagne Shileravv 41 Desktop Computer HP CZ64877B6 Set 1 20,831.00 Good Tenagne ShiferaN 42 Desktop Computer HP AAiT-1 02-4531-1I-ARCE-311 CZ6487708 Set 1 20,831.00 Good Tenagne Shiferay 43 Laptop Computer HP AAiT-102-4531-12-ARCE-303 Set ] 20,77845 Good Tenag 44 Wooden Cupboard PCs I 8,900.00 Good Tenagne Sbifertw 1 Officc Table AAiT-102-4531-01-ARCE-238 Pes 1 3,499.99 Good Tenagne Shiferv 46 Office Table AAiT-1 02-4531-01 -ARCE-239 Pcs 1 3,499.99 Good Tenagn 47 Swivel Chair AAiT-102-4531-03-ARCE-255 PCs 1 3.220.00 Good Tenagne Shif"raw Swivel Chair AAiT-102-4531-03-ARCE-257- Pes 1 3,220.00 48 271 P Good Tenanne Shiferaw 4 ile Cabinet AAiT-102-4531-04-ARCE-385 PCs I 5,175.00 49Good Tentagric Shilbrsaw 50 File Cabinet AAiT- 102-4531-04-ARCE-278 PCs 1 5,175.00 Good Tenagne Shiferaw 51Wooden Shelf AAiT-102-4531-04-ARCE-273 P 1 9.200.00 Good Teiagne ShiferaW 52 Wooden Shelf AAiT-102-4531-04-ARCE-276 PCs G 9,200.00Tenag 53 Wooden Shelf AAiT-102-4531-04-ARCE-277 PCs I 9,200.00 Good Ten 54 GroupTable (6 persons) AAjT-102-4531-01-ARCE-243 PCs 1 80,400.00 Good Tenagne ShileraW 55 GroopTable (6 persons) AAiT-102-4531-01-ARCE-246 PCs 1 80,400.00 Good Ten 56 Group Table (2 persons) AAiT-102-4531-04-ARCE-244 PCs I 28,400.00 Good Tenig 7Group Table (2 persons) AAiTr-102-4531-04-ARCE-245 PCs 1 28,400.00 Good Tenagne Shiferaw 58 Group Table (2 persons) AAiT-102-4531-04-ARCE-247 Pcs 1 28,400.00 Good Ten 59 External Hard Disk PCs 1 4,197.50 Good Tenagne Shiferaw Alpha Micro wave Oven AAiT-102-4531-23-ARCE-603 10849 PCs I Not Working Zevde Moges 61 Alpha Micro wave Oven AAiT-102-4531-23-ARCE-604 10900 PCs I Good Ze\de Moges 8 Alpha Micro wave Oven AAiT- 102-4531-23-ARCE-605 10660 PCs I Good28,4 62 lh ir vvGet Ai-0-51-3AC-0 04 e AtWrii Zewyde Moges 63 Alpha Micro wave Oven AAiT-102-4531-23-ARCE-606 10789 Pcs I Good Zewde Moges 64 LED TV AAiT-102-4531-23-ARCE-612 710EGWWK5353 Pcs I Good Zewde Moges 65 Start Water Dispenser AAiT-102-4531-23-ARCE-234 1801000218 Pcs I Good Zewde Moges 66 Sofa AAiT-102-4531-03-ARCE-249 Pcs I Good Zewde Moges 67 Sofa AAiT-102-4531-03-ARCE-250 PCs I Good Zewde Moges 68Sofa AAiT-102-4531-03-ARCE-251 PCs I Good Zewde Moges 69 Sofa AAiT-102-4531-03-ARCE-252 Pcs I Good Zewde Moges 70 Refrigerator -4531-23-ARCE-60U0 1-101853-10 Pcs I Good Ze\vde Moges 18 ANNEX-4 LIST OF FIXED ASSETS PROCURED FROM PROJECT FUNDS Addis Ababa University. Addis Ababa Institute of Technology African Railway Center of Excellence Africa Higher Education Centers of Excellence Project List of Fixed Assets For the Year Ended On 7 July 2020 S.N Asset Description Tag No Serial No UONI Qty Original Condition/ Location/Holder 0 Cost in ETB Remark 104 Student Dormitory Chair AAiT-102-4531-03-ARCE- Pcs 1 1,035 Good Zewde Moges 105 Student Dormitory Chair AAiT-102-4531-03-ARCE- PCs . 1,035 Good Zewde Moges 106 Student Dormitory Chair AAiT-102-4531-03-ARCE- PCs I 1,035 Good Zewde Moges 107 Student Dormitory Chair AAiT-lO2-4531-03-ARCE- PCs 1 1,035 Good Zewde Moges 108 Student Dormitory Chair AAiT-102-4531-03-ARCE- Pcs 1 1,035 Good Zevde Moges 109 Student Dormitory Table AAiT- 102-4531-02-ARCE-470 Pcs I 2.185 Good Zewde Moges 10Student Dormitory Table AAiT-02-4531-02-ARCE-472 PCs 1 2,185 Goodogs 110 Student Dormitory Table AAiT-02-4531-02-ARCE-473 Pus t 2,185 Good Zewde Moges 111 Student Dormitory Table AAiT-102-4531-02-ARCE-473 PCs 1 2,185 Good Zewde Moges 112 Student Dormitory Table AAiT-102-4531-02-ARCE-474 PCs 1 2.185 Good Zewde Moges 113 Student Dormitory Table AAiT-102-4531-02-ARCE-475 PCs 1 2,185 Good Zewde Moges 114 Student Dormitory Table AAiT- 02-4531-02-ARCE-476 PCs 1 2,185 Good Zevde Moges 115 Student Dormitory Table AAiT-102-4531-02-ARCE-478 PCs 1 2,185 Good ZeNvde Moges 167 Student Dormitory Table AAiT-102-4531-02-ARCE-479 PCs 1 2,185 Good Zvewde Moges Student Dormitory Table AAiT-102-4531-02-ARCE-480 PCs 1 2,185 Good I9 SZewde Moges 118 Student Dormitory Table AAiT-102-4531-02-ARCE-485 PCs I 2,185 Good Zewode Moges Student Dormitory Table AAiT-102-4531-02-ARCE-481 PCs 1 2,185 Good 19 tZewde Moges 120 Student Dormitory Table AAiT-102-4531-02-ARCE-485 PCs 1 2,185 Good Zewde Moges 121 Student Dormitory Table AAiT-l102-4531-02-ARCE-491 PCs 1 2,185 Good 12 Zevde Moges 122 Student Dormitory Table AAiT-102-4531-02-ARCE-493 PCs 1 2,185 Good Zewde Moges 123 Student Dormitory Table AAiT-l02-4531-02-ARCE-494 PCs 1 2,185 Good Zewde Moges 124 Student Dormitory Table AAiT-102-4531-02-ARCE-495 PCs 1 2.185 Good 127__ Zewde Moges 125 Student Dormitory Table AAiT-1 02-4531-02-ARCE-496 PCs 1 2,185 Good 12 Student Dormitory Table AAiT-102-4531-02-ARCE- PCs 1 2,185 Good Zewde Moges 127 Student Dormitory Table AAiT-102-4531-02-ARCE-499 PCs 1 2,185 Good Zewde Moges 127 Student Dormitory Table AAiT-102-4531-02-ARCE-50 PCs 1 2,185 Good Ze\vde Moges 128 Student Dormitory Table AAiT-102-4531-02-ARCE- PCs 1 2,185 Good Zewde moges 130 Student Dormitory Table AAiT-102-4531-02-ARCE- Pus 1 2,185 Good Zewde Moges 136 Student Dormitory Table AAiT-102-4531-02-ARCE- PCs 1 2,185 Good Zewde Moges 132 Student Dormitory Table AAiT-102-4531-02-ARCE- PCs 1 2,185 Good Zewde Moges 133 Student Dormitory Table AAiT-102-4531-02-ARCE- PCs 1 2,185 Good Zewvde Moges 134 Student Dormitory Table AAiT-102-4531-02-ARCE- PCs 1 2,185 Good Zewde Moges 135 Student Dormitory Table AAiT-102-4531-02-ARCE- PCs 1 2,185 Good Zewde Moges 136 Student Dormitory Table AAiT-102-4531-02-ARCE- PCs 1 2,185 Good Zewde Moges 137 Student Dormitory Table AAiT-102-4531-02-ARCE- Pcs 1 2.185 Goad Zewvde Mopes 38 Student Doritory Table AAiT-102-4531-0-ARCE- PCs 1 2,.185 Good Zewde Moges 139 Student Dormnitory Table AAiT-102-4531-02-ARCE- Pcs I 2,185 Good Zewde Moes 140 Student Dormitory Table AAiT-102-4531-02-ARCE- Pcs 1 2.185 Good Zewede Moges 141 Student Dormitory Table AAiT-102-4531-02-ARCE- Pcs I 2,185 Good Zewde Moges 142 Kitchetn Cabinet AAiT-IO2-4531-04-ARCE-290 Pus 1 24.287.50 Good ZedMo s 20 t011 442 1336 I., 091 151 5031 093 001 4106 t,4 1335 Addis ADaba, Ethiopa . a? u oU ANNEX-4 LIST OF FIXED ASSETS PROCURED FROM PROJECT FUNDS Addis Ababs University, Addis Ababa Institute of Technology African Railway Center of Excellence Africa Higher Education Centers of Excellence Project List of Fixed Assets For the Year Ended On 7 July 2020 S.N Asset Description Tag No Serial No UOM Qty Original Condition/ Location/Holder 2 Cost in ETB Remark 245 HP Laptop Computer AAiT-102-4531-12 -ARCE-301 5CD7257V95 pcs 1 20,778.45 Good Dr. Getachew Bekele 246 HP Desktop Computer AAiT-102-4531-11 -ARCE-462 pCs 1 20.831.34 Good Zevde Moges HP flat monitor pCs ) Good Zewde Moges Keyboard pCs Good Zevde Moges Moutih pcs I Good Zewde Moges 247 Turbo UPS AAiT-102-4531-22 -ARCE-463 PCs 1 5,750.00 Good Zewde Moges 248 HP Desktop Computer AAiT-102-4531-1 1 -ARCE-759 CZC648765k pCs 1 20,831.34 Good Beltynesh Argaw HP flat monitor ENC64007C8 cs 1 Good Belaytesh Argaw Keyboard pcs 1 Good Belaynesh Argaw Mouth PCs I Good Belaynesh Argaw 249 Hp Laptop CompUter AAiT-102-4531-12-ARCE-302 pcs 1 20,778.45 Good Benyam Belete I rakegr Legesse 250 Sky Washing Machine AAiT-102-4531-23-ARCE-608 Pes 1 21,999.99 Not Counted Ntraddis lesral Sky Washing Machine AAiT-102-4531-23-ARCE-609 Pre 1 21,999.99 Not Counted Tirekegn Legesse & 251 Nuraddis Jemal Sky Washing Macine AAiT-102-4531-?3-ARCE-610 PIcs 1 21,999.99 Not Couited Tarekegn Legesse & 252 Nuraiddis.Jcmal Smart Water Dispenser AAiT-102-4531-23-ARCE-235 1801000132 PCs 1 10,999.99 Not Counted Tarekegn Legesse & 253 Nutraddis Jenal 254 Sky Washing Machine AAiT-102-4531-23-ARCE-607 Pcs 1 21,999.99 Not Couited Tarekegn Legesse & 254 Nuraddis.ermal 255 Ofe Table PCS 5 3,49999 Good (Store) Aryarn Befekadu l. V+d'% 8011 442 1336 % * 091 151 5039 4 093 001 A106 L< 1335 * Addis Ababa, Ethopia 24