0-Town Development Fund GPO. Box: 5144 New Baneshwor. Kathmandu Ph: 4493866, 4464874, 4465651 Ref No Fax: 977-1-4471227 Date: May 15. 2018 The Country Manager W\orld Bank Darbar Maru, Kathmandu Nepal, Su.bject: Audited Financial Statemrent for FLY 2016/17 PK-ase Lind clcoscd herewvith the Audited Financini Staiement of 1oxn Dev elopIent Fuid for the Fiscal Year 20016/17 for your inforniation and need fill action. Your cooperation in this regard will be highly appreciated. Vith kind regards. Sincerely yours. Maniram Singli Mlahat E'xecutive Director TOWN DEVELOPMENT FUND KATHMANDU, NEPAL Audit Report and Financial Statement For the Fiscal Year 2073/74(2016/17) G.P.O. Box No. 5144 Kathmandu, Nepal Tel No. : 4 493866, 4 446874 Fax: 977-1-4 471227 Email: tdf@tdf.org.np Web page: tdf.org.np P.O. Box 12830 JPutalisadak, Kat2manldU, Nepal ta# LO~Tel: 977-1-4168025 Fax 977-1-4168282 Chartered Accountants E-mail: mbpnco@wlink.cor.np INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF DIRECTORS TOWN DEVELOPMENT FUND (TDF) We have audited the accompanying financial statements of Town Development Fund (TDF), which comprise the balance sheet as at Ashad 31, 2074 (15 July 2017), the income statement, statement of changes in equity and cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory notes. 1. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Nepal Financial Reporting Standards. This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error, selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. 2. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with Nepal Standards on Auditing. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statement, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 3. Basis for Qualified Opinion The applicable financial reporting framework for the State Owned Enterprises was changed to Nepal Financial Reporting Standards from Nepal Accounting Standards effective from financial year starting Shrawan 01, 2073 (16 July 2016). However, financial statements of Town Development Fund as at Ashad 31, 2074 (15 July 2017) have not been prepared based on provision of Nepal Financial Reporting Standards which requires identification, restatement, presentation and disclosure of financial information based on new accounting policies as per Nepal Financial Reporting Standards. The cumulative effect of not restating, presenting and closing financial information based on provision of Nepal Financial Reporting Standards W rial and pervasive. Qm du JKASfu1fl1 4. Qualified Opinion In our opinion, except for the effect on the financial statements of the matter described in the Basis for Qualified Opinion paragraph, the accompanying financial statements give a true and fair view, in all material respects, of the financial position of Town Development fund (TDF) as of Ashad 31, 2074 (15 July 2017) and of its financial performance and its cash flows for the year then ended in accordance with Generally Accepted Accounting Principles and relevant practices. Date: May 06, 2018 CA. Madhu Bir Pande Place: Kathmandu D Pande & Co. d Accountants O o, Town Development Fund Balance Sheet as at Ashadh 31, 2074 (July 15, 2017) Sch This Year Previous year NRs. NRs. Equity and Liabilities Equity contribution from GON 2,458,368,185.21 2,458,368,185.21 Retained Earnings - as per income and expenditure statement 614,829,699.89 422,452,647.67 Capital Reserve Fund 1 5,364,677.07 6,962,289.07 GON Matching Grant 436,660,385.00 301,456,944.00 Development Finance Fund 2 1,062,229,885.12 875,409,519.73 Disposition Fund - Town Development Program 3 (24,010,804.12) 27,100,365.88 Disposition Fund - District Health Project 4 406,493.49 3,631,895.84 IDA Grant Fund - UGDP 241,254,187,32 455,422,582.62 IDA GPOBA 65,505,380,07 50,955,498.70 Long Term Loan - under subsidiary agreement with GON 5 3,193,934,852.42 2,108,466,997.42 Current Liabilities and provision 6 384,606,298.19 350,202,196.93 Total Capital and Liabilities 8,439,149,239.66 7,060,429,12307 Assets Fixed Assets 7 141,749,621.33 11,385,479.33 Investment 8 950,000,000.00 850,000,000.00 Long Term Loan 9 5,523,875,260.84 4,293,820,879.02 Grant/Advance 10 398,064,601.11 530,780,803.11 Current Assets Cash and Cash equivalents 11 1,015,958,361.53 1,145,949,806.99 Loan recoverable in short term 12 223,391,000.00 50,277,000.00 Other current Assets 13 18,110,394.85 178,215,15462 Total Assets 8,439,149,23966 7,00,429,123.07 Schedules 1 to 18 are integral part of the Financial Statement. For and on behalf of TDF s per our report of even date. Dewan Rai Maniram Singh Mahat Dhruba Rij I ir Pande 49 MB P & Co. Senior Account Officer Executive ector Chairman h Chartemr dcountants Date: May 06, 2018 Place Kathmandu, Nepal Town Development Fund Income Statement For the year ended Ashadh 31, 2074 (July 15, 2017) Sch This Year Previous Year NRs. NRs. Income Interest Income 14 342,644,404.42 248,123,666.67 Other Income 15 27,204,779.29 25,243,372.41 Grant Income 124.055,865.52 535923989.62 Total Income 493,905,049.23 327,291,028.70 Expenses interest Expenses 62,594,566.00 37,433,968.00 Personnel Cost 16 33,232,316.00 24,703,396.24 Office Expenses 17 20,352,722.49 22,165,990.39 Grant Expenses 17A 124,055,865.52 53,923,989.62 Depreciation 7A 1,069,408.00 948,655.00 Loan Loss Provision - - Total Expenses 241,304,878.01 139,175,999.25 Profit before Tax 252,600,171.22 188,115,029.45 Income Tax-Provision (59,409,930.00) (41,854,980.00) Net profit for the year 193,190,241.22 146,260,049.45 Retained Earnings Brought Forward 422,452,647.67 276,178,398.22 Profit during the year 193,190,241.22 146,260,049.45 Prior Year's Adjustment (813,189.00) 14,200.00 Balance -transferred to Balance Sheet 614,829,699.89 422,452,647.67 Significant accounting policies and Notes to Accounts 18 Schedules I to 18 are integral part of the Financial Statement, For and on behalf of TDF As per our report of even date. Dewan Maniram Singh Mahat Dhru C dhu Bir Pande Senior Account Officer Executive Director Chairman km e & Co. arter ountants Date: May 06, 2018 Place : Kathmandu, Nepal Kaxanda C- Town Development Fund Cash Flow Statement For the year ended Ashadh 31, 2074 (July 15, 2017) This Year Previous Year Cash Flow from Operating Activities NRs. NRs. Interest Received from loan 217,066,428.35 131,495,173.65 Cash Received from Other Income 5,385,577.21 3,164:759.71 Cash Received from Grant Income Interest Expenses paid (6,896,200.00) (7.433,561.00) Personnel expenses (33,232,316.00) (24,703,396.24) Office Running Expenses (20,195,615.15) (21,998,869.70) 162,127.874.41 80,524,106.42 (1ncrease)/decrease in operating assets Inventory (42,868.36) (3.359.22) Other Advances (360,034.15) 116,851.17 Net Cash from operating activities before tax 161,724,971.90 80,637,598.37 Income Tax paid (63,399,606.66) (24,152,088.80) Net Cash Flow fom Operating activities 98,325 365.24 56,485,509.57 Cash Flows from Investing Activities Purchase of Fixed Assets (131031,162.00) (3292 09. 00) Investment on Fixed Deposit of Banks (100.000.000.00) (150,000,000.00) Loan disbursed from KfW Disposition Fund (163,42 1,996.00) (69,210,958.00) Loan disbursed from GON (ADB/STWSSSP - 11 & (996.853,086.59) (912,657,818.00) Loan disbursed from CON ( IDA/UGDP) (62,552,400.00) (45.175,858.00) Loan disbursed from TDF Equity Fund (286,257,362.00) (47,888,851.00) Loan disbursed to Staff (.23771.472.00) - Loan recovered 251,457,737.90 204858,876.74 Transferred to Revolving Fund - recovery of Loan from KfW financial (44,658,244.30) (39.863,639.36) Loan Recovered from Staffs 2,888.590.30 478330.37 Net Cash from investing activities (1,556,199,394.69) (1,059,789,126.25) Cash Flows from Financing Activities Increase in KfW Disposition fund - fund transfer from Kfw 11, III & DHP 131.110,987.06 62,393,743.00 - interest income and exchange gain/loss (6. 265460.4) 463,839.00 Fund transfer from GON (ADB Funded Program) 1,177,000.000.00 1,011,000,000.00 Fund transfer from GON - Matching Grant 135.203,44 1.00 99,085,000.00 Fund transfer from GON - UGDP Grant 189,865,000.00 309,575,000.00 Fund transfer from GON - UGDP Loan (80.380,223.00) 58,635,000.00 Grant disbursed to municipalities and others (397,760,546.52) (262,249,016.62) Fund transfer from GON /WB - GPOBA grant 159,461,663.20 29,839,872.00 Fund transfer to GON - DA Account of GPOBA (39,911,781,49) (16,113,891.00) Service charge transferred from KFW Disposition Ft (1,329,972.00) (813,304.80) Service income transferred from UGDP Grant Fund (2,057,980.00) (1,659,855.00) Service income transferred from GPOBA Grant Funi (1,551,625,00) (577426.00) Fund recieved from ADB and GIZ Grant Fund 9,905,772.88 3,530.401.97 Increase in Revolving Fund - recovery of Loan from KfW financial contribution 44,658,244.30 39,863,639.36 Increase in Revolving Fund - Int. income KFW loan 13,290,459.28 8,685,162.42 Increase in Special Reserve - Int. income KFW loan 7,796,526.69 8,458,204.59 Reanyment of GON (ADB/ UFIP) loan (11.151922.00) (10.614.560.00) Payment of retention money - (341,089.90) Net Cash Flowftonfinancing activities 1,327,882,583.99 1,339,160,719.02 Net increase in Cash and Cash equivalents (129,991,445.46) 335,857,102.34 Cash and Cash equivalents at heginning of the year 1,145,949,806.99 810,092,704.65 Cash and Cash equivalents at end of the year 1,015,958,361.53 1,145,949,806.99 Schedules I to 18 are integral part of the Financial Statement. For and on behalf of TDF s per our report of even date. Dewan Maniram Singh Mahat. Dhr I CA Mad hw' ande Senior Account Officer Executive Director, ChaimianciCLts Date: May 06, 2018 . Place : Kathmandu, Nepal 4 dCC Town Deviopment Fund Changes on Equity as at Ashadh 31, 2074 (July 15, 2017) General Retained Capital Grant Particula Share Capital Reserve Earnings Fund Previous year Last Year' Balance 2,458,368,185 875,409,520 422,452,648 6,962,289 3,763,192,642 3,527,366,715 Addition for This Year - 186,820,365 (1,597,612) 185,222,753 89,551,677 Profit for the year 193,190,241 193,190,241 146,260,049 Prior Year's Adjustment (813,189) (813,189) 14,200 Balance as on 31 Ashadh, 2074 2,458,368,185 1,062,229,885 614,829,700 5,364,677 4,140,792,447 3,763,192,641 As per our report of even date. Dewan Ral Maniram Singh Mahat Dhr a Ri al CA. Madhu Bir Pande . . M.B. Pande & Co. Senior Finance Officer Executive Director Chairman e ACo ed Accountants Date: May 06, 2018 de Place: Kathmandu, Nepal Town Development Fund Schedule attached to the Financial Statements as at Ashadh 31, 2074 (July 15, 2017) Capital & Reserve Fund Schedule: 1 Particular This Year Previous Year Capital Grant Fund 5,364,677.07 6,962,289.07 Total 5,364,677.07 6,962,289.07 Schedule : 2 Particular This Year Previous Year GTZ 13,456,343.93 13,456,343.93 Revolving Fund ( KFW - 1, 11 & Ilil) 523,554,234.95 463,899,610.89 Special Reserve ( KFW -II & l1l) 56,197,656.79 47,795,804.37 Loan Disposition Fund 469,021,649.45 350,257,760.54 Total 1,062,229,885.12 875,409,519.73 Disposition Fund - KFW Financial Contribution for TDP Schedule : 3 Particular This Year Previous Year Opening Balance of fund as on Shrawan 1, 2073 27,100,365.88 43,868,522.68 Fund Transfer From KFW 130,779,574.00 62,393,743.00 Interest and Exchange Loss/Gain (5,592,870.00) 347,083.00 Total Fund available 152,287,069.88 106,609,348.68 Utilization of Fund Grant Disbursement -KFW TP (ll& II) 11,922,109.00 9,484,720.00 Loan Disbursement - II 40,497,453.00 22,287,240.00 Loan Disbursement - IlH 122,924,543.00 46,923,718.00 Service Charge 953,769.00 813,304.80 Total Utilization this year 176,297,874.00 79,508,982.80 Closing Balance of Fund as on Ashadh 31, 074 (24,010,804.12) 27,100,365.88 Disposition Fund - KFW Financial Contribution for DHP Schedule: 4 Particular This Year Previous Year Opening Balance of fund as on Shrawan 1, 2073 3,631,895.84 3,515,139.84 Adjustment of excess disbursement 331,413.06 - Interest and Exchange Loss/Gain (672,590.41) 116,756.00 Total Fund available 3,290,718.49 3,631,895.84 Utilization of Fund Disbursement 2,508,022.00 Service Charge Transfer 376,203.00 Total Utilization this year 2,884,225.00 Closing Balance of Fund as on Ashadh 31, 074 406,493.49 3,631,895.84 K~ NOVI Town Development Fund Schedule attached to the Financial Statements as at Ashadh 31, 2074 (July 15, 2017) Long Term Loan Schedule : 5 Particular This Year Previous Year From GON (ADB) ADB STWSSSP - II 168,070,000.00 128,070,000.00 ADB UEIP 129,525,635.42 140,677,557.42 Less : Installments Payable within 12 months (10,614,560.00) (10,614,560.00) ADB STUEIP 819,847,000.00 719,847,000.00 ADB - IUDP 743,370,000.00 456,370,000.00 ADB STWSSSP - 111 1,175,170,000.00 425,170,000.00 IDA/UGDP: ETP 168,566,777.00 248,947,000.00 Total 3,193,934,852.42 2,108,466,997.42 Current Liabilities and Provisions Schedule : 6 Particular This Year Previous Year Installments payable within 12 months GON (ADB) UEIP loan principle 10,614,560.00 10,614,560.00 Interest Payable - GON ADB UEIP 1,385,650.19 1,376,055.19 Interest Payable - GON ADB STWSSSP - II 73,391,802.33 62,883,035.33 Interest Payable - GON ADB STIUEIP 48,310,606.67 28,925,542.67 Interest Payable - GON IDA/UGDP 15,784,580.67 8,356,360.67 Interest payable IUDP 14,744,892.11 4,288,214.11 Interest Payable - GON ADB STWSSSP - lil 9,625,783.00 1,715,741.00 Audit fee Payable 545,000.00 495,000.00 Accounts Payable 206,281.03 99,173.69 Gratuity Provisions 33,396,748.73 29,608,290.98 Leave Compensation Provision 7,342,123.37 6,088,082.84 Medical provision 5,350,131.65 4,700,715.32 Retention Money Deposit DHP Contractors 534,435.44 534,435.44 Income Tax Provision 59,409,930.00 64,770,092.69 Loan Loss Provision 103,963,773.00 125,746,897.00 Total 384,60,298.19 350,202,196.93 Fixed Assets Schedule 7 Particular This Year Previous Year Cost less Depreciation (Schedule - 7A) Fixed Assets acquired from Equity 136,384,944.27 4,423,190.27 Fixed Assets acquired from Capital Grant 5,364,677.06 6,962,289.06 Total 141,749,621.33 11,385,479.33 C4 J- � � г- о о с� с} r- о в с. оа в г rn с о и м � � оо � о и и гv о о а; © о а ст. r о гл гЕа v м� r�. гi С г- г� �' [�� м, т�� � ����.�. �� о г� �� г� г �� �� оРо © �=^ r�-- й о r. �,. 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L � Е�-��>��UF�- awE�' ��С��Н JiO�OE- Town Development Fund Schedule attached to the Financial Statements as at Ashadh 31, 2074 (July 15, 2017) Investment in Fixed Deposit Schedule: 8 Particular This Year Previous Year Global IME Bank 170,000.000 00 Global IME Bank 20,000,000,00 Machhapuchre Bank Ltd 170,000,000 00 125,000,000.00 NMB Bank Ltd 190'000XO 00 125,000,000.00 Janata Bank Ltd. 11 0.000,000m Mega Bank Ltd. 190'000'000 00 Civil Bank Ltd. 100,000,000.()0 NIC Asia Bank Ltd, 10,000,000.00 Citizen Int. Bank Ltd 50,000,000.00 NB Bank Ltd 17D,000,000.00 Kumari Bank Ltd 170,000,000.00 Nepal Credit and Commerce Bank Ltd. 50,000,000,00 Lumbinj Bank Ltd. 50,000,000.00 Bank of Kathmandu 100,000,000.00 Total 950,000,000.00 860,000,000.00 Long Term Loan Schedule: 9 Particular This Year Previous Year KFW Financial Contribution - Phase 11 173,893,563.99 155,916,762 80 KFW Financial Contr bution - Phase 111 295,174,883.02 194,387,932,51 GON (IDA) Loan- UGDP: ETP 169,961,118.52 106,125,078.66 GON (ADB) Loan Small Town Water Supply 1 567,248,455 35 575,266,189.80 Urban Environment Improvement 126,824,460.69 139,386,313.05 Small Town Water Supply 11 1,923,216,146.71 1,869,832,910.25 STUEIP 806.805,167 03 571,247,726.73 ADB IUDP 652,931,598.21 469,526,243.91 ADB STWSSSP 111 641,813,168.30 162,634,786.84 TDFSTW & RF Loan 353,731,946.82 84,891,063.97 TDF capitalized Loan (KFW - 11) 12,080,586.41 12,080,586.41 Staff loan 23,585j65.79 2,702,284,09 Total Loan Investment 5,747,266,260.84 4,344,097,879.02 Less: Investment due within 12 manth(sch-12) (223,391,000.00) (H,277,000.00) Total 5,523,87 ,260.84 4,293,820,879.02 ed -a 3 r Town Development Fund Schedule attached to the Financial Statements as at Ashadh 31, 2074 (July 15, 2017) Grant /Advance Schedule: 10 Particular This Year Previous Year GON Matching Grant 166,076,719.53 149,889,187.53 UGDP Grant - 254,792,049.00 GON Match Grant EF Loan 231,972,596.00 115,484,281,00 GPOBAI Grant 15,285.58 10,615,285.58 Total 398,064,601.11 530,780,803.11 Cash and Cash equivalents Schedule: 11 Particular This Year Previous Year Balance in Cal Deposits (Rupees) 953,079,120.34 1,082,825,267.65 Balance with Banks in Current account 6,909,866.75 13,280,168.76 Balance with Banks in Foreign Currency 55,969,374.44 49,844,370.58 Total 1,015,968,361.53 1,145,949,806.99 Loan Recoverable in short term Schedule: 12 Particular This Year Previous Year Installment due till FlY 2074/75 KFW Financial Contribution - Phase 11 22,833,000.00 21,100,000.00 KFW Financial Contribution - Phase 1I1 19,910,000,00 14,900,000.00 ADB Loan(STWSSSP I and UEIP) 75,514,000.00 12,277,000.00 TA- STVV 1 Rehab. 23,595,000.00 1,610,000.00 ADB Loan(STWSSSP II) 67,118,000.00 ADB Loan(STIUEIP) 11,821,000.00 Staff Loan 2,600,000.00 390,000.00 Total 223,391,000.00 50,277,000.00 Other Current Assets Schedule: 13 Particular This Year Previous Year Accrued and Outstanding Interest of loan 73,222,056.60 78,190,909.38 Accrued Bank Interest 16,041,149.02 7,805,252.10 Advance Income Tax 46,241,735.00 48,425,410.03 Inventory 255,379.50 212,511.14 Advance to Staff 30,273.11 37,668.48 Advance to other 3,026,936.17 2,008,469.11 Prepaid expenses and deposits 270,109.51 204,093.05 Matching Fund Advance to Municipalties 188,470.31 188,470.31 CIT Swikrit Abakash Kosh Dakhila 33,396,748.73 29,608,290.98 CIT Laganikarta Abakash Kosh (Leave and Medical) 13,437,536.90 11,534,080.04 Total 18,1,110,39 .85 178,215,154.62 ~C N 'ed Ace% Town Development Fund Schedule attached to the Financial Statements For the year ended Ashadh 31, 2074 (July 15, 2017) Interest Income Schedule: 14 Particular This Year Previous Year Interest on loan from GON (IDA) Interest from IDA /UGDP: ETP 6,797,656.01 3,920,274.09 INTEREST FROM ADB LOAN Small Town Water Supply I 42,261,679.94 41,040,382.14 Urban Environment Improvement 10,635,746.75 11,698,744.36 Small Town Water Supply II 93,038,591.45 83,905,434.84 STUEIP 31,940,754.38 23,076,412.89 IUDP 26,437,072.77 11,079,110.91 STWSSSP - fIl 14,717,236.00 2,626,793.82 Interest on Loan from KFW fund KFW Finandal Contribution - Phase 11 3,560,817.35 3,353,891 15 KFW Financial Contribution - Phase Ill 4,759,168.23 3,618,034.40 Interest from TDF EF loan Int. Income TA STW-1 5,875,366.20 1,165,727.44 Int.Income from EF Loan 5,941,024.25 2,647,771.43 Interest on Bank Balance 96,679,291.09 59,991,089.20 Interest on Retirement Benefit Fund (CIT) Total 342,644,404.42 248,123,666.67 Other Income Schedule: 15 Particular This Year Previous Year Service Charge on TDP/KFW 953,769.00 813,304.80 Service Charge on DHP/KFW 376,203.00 Service Charge on UGDP 2,057,980.00 1,659,855.00 Service Charge on GPOBA 1,551,625.00 577,426.00 Interest on Staff Loans 476,564.89 73,970.45 Miscellaneous 5,513.40 585,125.28 Income from Loan Loss Provision write back 21,783,124.00 21,360,463.00 Income from Staff Leave Provision write back - 173,227.88 Total 27,204,779.29 25,243,372.41 Personnel Cost Schedule: 16 Particular This Year Previous Year Salary own source 17,987,509.92 18,359,033.88 Salary UGDP source Allowances(Medical, Clothing and Others) own source 4,896,390.19 3,584,404,54 Allowances(Clothing and Others) UGDP source Leave encashment 2,524,289.67 756,590.17 Gratuity 7,577,582.46 1,722,394.44 Insurance 246,5 3.76 280,973.21 Total 33,232,3i6.00 24,7 ) .t Town Development Fund Schedule attached to the Financial Statements For the year ended Ashadh 31, 2074 (July 15, 2017) Office Expenses Schedule: 17 Particular This Year Previous Year Anniversary Expenses 1,455,608.00 1,300,014.00 Board and Sub- Committee Meeting Expenses 3,208,231.00 2,834,707.00 Travel Expenses - TOF 2,029,890.00 1,659,714.00 Water and Electricity 258,041.03 219,851.65 Communication Expenses 591,487.25 586,049.42 Office Rent 2,692,800.00 3,083,400.00 Repair and Maintenance 2,695,130.89 2,202,512.92 Printing and Stationery 552,101,22 596,262.02 Office Supplies 190,379.14 170,011.11 Books and Periodicals (Own source) 176,943,23 156,652.00 Fuel 1,783,453.45 1,220,284.04 Audit Fee & Expenses 729,527.00 803,369.00 Consultancy/Professional Service 864,300.00 1,056,100.00 Bank Charge 652,439.00 394,421.00 Local conveyance 8,115.00 4,700.00 Office Cleaning Charge 36,000.00 36,000.00 Trainings and Education 273,130.00 276,899.08 Advertisement own source 219,398.21 517,673.99 Miscellaneous 577,967.00 819,887.42 Rent and tax 146,200.00 127,325.00 Insurance for vehicle 184,703.12 134,806.74 Security Charges 373,079.00 369,235.00 Business Pro & Cap Dev Exp 653,798.95 1,520,800.00 Institutional Dev Exp own source - 2,075,315.00 Total 20,352,722.49 ,165,990.39 pl i .3 i Town Development Fund Schedule attached to the Financial Statements For the year ended Ashadh 31, 2074 (July 15, 2017) Grant Expenses Schedule: 17A UGDP/ IDA Salary 679,05000 1,691,583.70 Business Prom. & Technical Assistant 6,907,243.05 3,822,790,95 Institutional Dev Exp 2,398,370.25 5,273,32500 Total 9,984,663.30 10,787,699.65 GPOBAlIDA Subsidies under part 1 of the project 78,289,722.00 26,698,443.00 Consulting service, goods & training (STWMSC) Part 2 18,000,000.00 9,046,584.00 Consulting service, goods & training (TDF) Part 2 7,158,653.34 2,750,085.00 Total 103,448,375,34 38,495,112.00 ADB Travel Expense 559,878.00 309,276.00 Salary 9,335,497.68 4,331,901.97 Total 9,895,375.68 4,641,177.97 UNCDDF/GIZICD MUN GIZ Training & Workshop 727,451.20 Total 727,451.20 - Grand Total 124,055,865.52 53,923,989.62 YD q 72J cCC