Auditor's Report Secretary Power Energy & Mineral Resources Division/Power Division Bangladesh Secretariat, Dhaka. I. We have audited the accompanying Financial Statement of the "Technical Assistance Project for Institutional Strengthening of Rural Electrification Prograin (BREB) Project"financed by IDA Credit No. 5381-BD for the year 2015-2016,2016-2017 & 2017-2018 and for the year then ended. The Preparation of the Financial Statement is the responsibility of management. Our responsibility is to express an opinion on the Financial Statement based on our audit. II. We have conducted our audit in accordance with International Standards on Auditing. Those standards require that we plan and perform audit to obtain reasonable assurance about whether the Financial Statement is free from material misstatement. An audit includes examining, on a test basis, evidences supporting the amounts and disclosures in the Financial Statement, An audit also includes assessing the accounting principles used and significant estimates made by management, as well as, evaluating the overall Financial Statement presentation. We believe that our audit provides a reasonable basis for our opinion. III.. In our opinion Financial Statement gives a fair view, in all material aspects, of the financial position of "Technical Assistance Project for Institutional Strengthening of Rural Electrification Prograin (BREB) Project"for the year 2015-2016, 2016-2017 & 2017-2018 and the results of its operations and the cash flows for the year then ended in accordance with the cash basis of accounting followed by the Government of Bangladesh. Opinion Status: Unqualified (Tanima Tanim) Deputy Director For Director General Foreign Aided Project Audit Directorate. Phone: 8391547. 一’ 了 症 PROJECT FINANCIA.LSTATEMENT TECH.NICAL ASS(STANCE PROJrCT FOR INSTITUTIONAL ýTRENGTREN]N6 OF RURAL ELECTRIFICATION PROGRAM Notes, to Financial Staternent Fl NANCIAL YEAR, 2015-16 1, Government of Bangladesh Funds are allocated by the Government cover GOB's shareof elegible project expeilditure as speeifled in the Project aniwzffleuetopment, Pmgrarn for eacK.yeaf, of the prQjeet, Any allocateý-fundsýthat have.110t b.eerý expended >bytfte. ýnd of fisca l year laps ýind must be returned to GOB, GOB Contributiori to the- Project siincé are.bsýf ollows: Partieul'ars lnceptiýnto30June Fortheyearended'36 InceptIonto-301June 2015 June 2016 2.0l6 3WOO '30-,oo ý4 08 14,98 14 9. 13 ely -2. Asso-ciatýøiý (!Dffi,,has provided funds-to th-c-piýoject to cover lts shard.øf'eleglbW TW's furi.ds, wh!cKiýntiý;t lYiý-rep-,ýi-d to International Development Associatiow(IDA). Aftar-the eonclu,5ionPf-the-project,'-have,.-been.dråwri by the project- hi accordance with the followin&with*drawaf j)rocedure: P-artlculý,-r.s lilceptiol.).toý0Jui)'e Førth.eyearended3d, IneePtion to:30julle June -2016 3-7 ',7-- ure) 0 0,0D OM OM 3-. 0-her ResourCes Partietilýrs lnceptioi-i-to.3Q-Jtiiie For£l)ey(ýar(ýnded'tG, Inception to 30Jt)iýe- 20a5 J line 2016 20146 PBS OWn-Fiýii.-for'land'pufýhåse - 0,00 0;00 _e,ct revenýte 0,00 0,00 .0ý00 0,00 0,00 0,00 0,00 0.0. 4.. Cash The Priject maintains two Bank Accounts, a CONTASA account kept at Sonali Bank Ltd., Local Office, Motljheel, Dilaka to hold funds advanced by IDA, An operating bank account is kept at Uttara Bank ltd. Joarshahara Branch, Klillkhet Dhaka to hold fun-ds provided by (-ýOB. Year end cash balance were as follow,ý: Par-ticulars Inceptionto30June Fortheyearended30 InceptIonto30June 2015 lune 2016 2016 -ýONTASA 0-00 0,00 Accoýiiit LPýl 0,.00 0.00 ,,,Operaflng-Account (GOB) o 00v, 0.02 lTotal 0.00 N,lø, Njustafizur Rýll)fri, ,APP Pmiecý BlýEB,Dllaýa 긴!!―긴F----es--―·‘=es--es----&-’기 낙--[/ · & &,.】·[솥j「.F. · & -- 1·솥긔/슬눕`.:뜨」., PROJECI ý.NANCIALSTATEMEN INSTITUTIONAL STRENGTHEffiNG, OF RURAL ELECTRIFICA- f)ON PROGRAM Notes to Financial Statement FINANCIAL YEAR: 201.6-17 1, Governi-n*ant øf Bangladesh by thp:Goverilment. cover GOWý shareof elegible projeet exp6riditure as spedfled 'ir) theýProjeet a.nnual Developnient Progýini for each ycar of tile project. Anyýýillocated funds that.ha,v.e nø on.(I-(ýf fi cýil year-laps,and must-ýQ returned'tó Cffl, C B Cý VIb Ion In t ars, Incel)tiOnt030June FoYflic. fid d-ýQ ilic pt16ý--tb .0-lul16. -00 10Q -3.4 W U 4 ýig., 'gociamn, A s" rovldedfu*nds.to.thr -to. c -1, bý«m (Irawn -kry the p.i,(ýj etlii ac ordane, rQ. -padIcu arý Itu 30 J«Ieý -3 w, c CY.t. 0,00 2ý 111ception to 3Ø Jun(ý For tIýQ :2 ..... .. ... c1 u c. 0,00 t 0,00 ,00 a C0IMTASA-accont kepý at 5ýnall' 1,Mrik Ltd,"tual':Øffteý, M0t1j1Weý, k.. tø bol f.4 1-by-IDk An operating bank -ýIccount is kept at Ijttara I3ank Ltd, Joarshallara Bran'li, KlAkheýt IJIi?ka-'t.o1ibld-funds proýlded by 60B. Vear end c~ -di[u e clb)872.31. 570.62 1442.93 Cash[ Ciosing Balance 4 0.00 0.00 0,00 Irrpi~.t.Acont0,00 0.00 0.00 Q Meratlng(RP) 0.00 0.00 0.00 Operating (COB) . 0.00 0.00 0.00 BasKid n nce 0.00 0.00 0 0 TOta X4 1itr aelC'h 8 723 2 ~1pp proiect, 0P,EB,OhaimO ~TAP Projec, 0E haa4 ~X~\OOO P . PROJECT'ý.NANCIAL STATEMENT CHNAL ASSISTANCE PROJECT FOR INSTUONAL STRENGTHENIG OF RURAL.-ELECTRIFICATION PROGRAM Notes'-to Financial Statement FINANCIAL YEAR: 2017-18 L Government ef hangladesh Funds are allocated by the Government cover GOB's share of elegible projeet expenifture a ffed n Profona and in the annual Development Progrrm for each year of the p1oj1ct. An-Wfd tt4, eneypended by the end of fal year bpp and mvstbe returnedto B o -fise- -ar ;4 3 veÓ 1. 11 r r 1 - r t 2 n. ib I..Tbd 1IIuk- l. li.UC-1, .i hIrt iI . ¯i. i b Uw rI '.I d .11.li i . i I i ii"I 'C- ]N 1kI~ ~ ~~~ij iIII 3 ti lr 1)1 fr>1'>1,ifJSI . ., l'C ilil ' l iil, . i tIi;,i)... ' i; C-I . i .. . ' i 1 . . . tt lu :. )liII -' i lIc | 000: 001 id1 r PI t h hI [I 1b ) ,I 7 Mllu ih rR bl h' sC\-%1 .t 10( fti.s'I '-I-.. ~ si'~Tai i IFi,AriI i' --i~i: :''wIr:riIXdIii ~ -ilir -O -r riO