auditors' report to the financial statements of · 2016. 7. 7. · i i 3 tay tay i auditors' report...

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3 TAY TAY

IAUDITORS' REPORT TO THE FINANCIAL STATEMENTS OF

MINISTRY OF AGRICULTURE AND NATURALRESOURCE (MOANR)-AGRICULTURAL GRWTH

PROGRAMME (AGP- I)

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AS AT AND FOR THE YEAR ENDED 7 JULY 2016

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TAY & Co.

Chartered Certified Accountants & Authorized AuditorsAddis Ababa, Ethiopia

Tel. 251-11-442-1336 Fax 251-11-442-1338 E-mail: tayco(@ethionet.et

P.O.Box 1335 Addis Ababa, Ethiopia

Ethio-china Friendship Street Wongelawit Tadesse Building 1st Floor

Website: www.tayauditiny.com

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ITAY &t Co.

INDEPENDENT AUDITOR'S REPORT ON THE FINANCIAL STATEMENTS OFI MINISTRY OF AGRICULTURE AND NATURAL RESOURCE-AGRICULTURALGROWTH PROGRAMMEI

We have audited the accompanying financial statements of Ministry of Agriculture and Natural Resource(MoANR)-Agricultural Growth Programme I IDA Credit 4783 ET,IDA Grant H6000ET,MDTF Grant TF No99729,AECID Grant 1811/1 1,GAFSP Grant TFO1 1306, and Italian Development Cooperation for the year ended07 July, 2016.

Management's Responsibility for the Financial StatementsManagement is responsible for the preparation and fair presentation of these financial statements in accordancewith Generally Accepted Accounting Principles, and for such internal control as management determines isnecessary to enable the preparation of financial statements that are free from material misstatement, whether dueto fraud or error.

Auditor's ResponsibilityOur responsibility is to express an opinion on these financial statements based on our audit. We conducted ouraudit in accordance with International Standards on Auditing. Those standards require that we comply withethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financialstatements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in thefinancial statements. The procedures selected depend on the auditor's judgment, including the assessment of therisks of material misstatement of the financial statements, whether due to fraud or error. In making those riskassessment, the auditors considers internal control relevant to the entity's preparation and fair presentation of thefinancial statements in order to design audit procedures that are appropriate in the circumstances, but not for thepurposes of expressing an opinion on the effectiveness of the entity's internal control. An audit also includesI evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates madeby 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 ourqualified audit opinion.

OpinionIn our opinion, the financial statementgive a true and fair view of the financial position of Ministry ofAgriculture and Natural Resource-Agricultural Growth Programme I IDA Credit 47830 ET,IDA grantH6000ET,MdTF Grant 99729,AECID Grant 1811/11,GAFSP Grant 011306 and Italian Development3 Cooperation as at 7July 2016 and of its sources and uses of funds for the year then ended in accordance withGenerally Accepted Accounting Principlesand are in agreement with the records maintained by the project.

In addition, with respect to interim financial reports submitted during the year ended 7 July 2016, in our opinion,

> The reports, together with the procedures and internal controls involved in their preparation, can be reliedupon to su e relevant withdrawals ; and

Ex d e eligible or financing under IDA credit No 47830 ET, IDA Grant H6000ET, MDTF

G 9 9, AECI it 811/11, GAFSP Grant 011306 and Italian Development Cooperation.

UWTAY& 2Chartere rt ied 4(ntan Addis AbabaAuthorize I s Jan 2, 2016

S4 ina Friendshin Street Wnaplawit Tade.a Ruildina 1st Floor

IMINSTRY OF AGRICULTURE AND NATURAL RESOURCE-AGRICULTURAL GROWTH PROGRAMME(AGP-I)BALANCESHEETAS AT 07 JULY 2016

2015

Note Birr Birr

CURRENT ASSETS

Debtors and prepayements 5 298,547,766.35 527,619,869.22

Cash on hand and at bank 6 202,811,810.96 586,334,304.03

501,359,577.31 1,113,954,173.25

ICURRENT LIABILITIES

ICreditors 7 243,515.95 104,895.59

NET CURRENT ASSETS 501,116,061.36 1,113,849,277.66

I FINANCED BY:FUND BALANCE 8 501,116,061.36 1,113,849,277.66

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II MINSTRY OF AGRICULTURE AND NATURAL RESOURCE-

AGRICULTURAL GROWTH PROGRAMME(AGP-I)STATEMENT OF SOURCES AND USES OF FUNDSFOR THE YEAR ENDED 07 JULY 2016

I SOURCES Note 2015Birr Birr

IDA Credit 187,167,773.63 980,705,743.59

Grant received 9 474,504,853.20 777,674,570.32

661,672,626.83 1,758,380,313.91

OTHER INCOME

Gain on forex currency 21,583,872.97 9,915,576.93

Community contributions 2,882,462.27 6,055,820.88

Government Contribution 1,986,335.25 -

26,452,670.49 15,971,397.81

1 688,125,297.32 1,774,351,711.72I USES

Agricultural production and commercalisation 10 304,803,071.26 489,197,186.71

Small scale Rural Infrastructure development 11 836,941,042.82 654,218,926.29

Project management, monitoring and evaluation 12 159,114,397.53 128,280,188.00

1,300,858,511.61 1,271,696,301.00

(EXCESS OF SOURCES OVER USES 612,733,214.29) 502,655,410.72

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MINSTRY OF AGRICULTURE AND NATURAL RESOURCES

AGRICULTURAL GROWTH PROGRAMME-I

NOTES TO THE ACCOUNT

FOR THE SIX MONTHS PERIOD ENDED 7 JULY 2016

1. Background of the programAgricultural Growth Program was established based on agreement signed between Federal

Democratic Republic of Ethiopia and International DevelopmentAssociation(IDA), Multi

Donor Trust Fund (MDTF), AECID,Global Agriculture and Food Security Program

(GAFSP) and Italian Development Cooperation.

2. Objective of the programThe objective of the Programme is to increase agricultural productivity and

market access

for key crop and livestockproducts in targets whereas withincreased participation of women

and youth.The project consists of the following parts:

a). Agricultural Production and commercialization

b). Small Scale Rural Infrastructure Development and Management

c).AGP Management, Monitoring and Evaluation

3 3. Scope of the AuditThe audit of the project iscarried out in accordance with InternationalStandard

on Auditing (ISA)

promulgated by the International Federation of Accountants (IFAC) including such test and

procedures as deemed necessary under circumstances.

We also Visited, on the sample basis, the selected micro finance institutions (MFIs) participated

in the project and ensure the following adhered to. We have given aSpecial attention that:

1) The WorldBank financinghas been used in accordance with conditions ofrelevant

Financing agreements with due attention to economy and efficiencyand only for the

purpose for which the financing was provided.

2) The Counterpart fund have been provided and used in accordance with relevant financing

agreements, with due attention to economy and efficiencyand only for the purpose for

which they were provided.ktantsj4

3) Goods, works and services financed have been proc ce wi the relevant

financing agreements including specific provisions f1 d Bak pro um nt

and procedures.

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4) All necessary supporting documents, records and accounts have been maintained inrespect of the projects activity including expenditures reported using statements of

expenditure (SOE) method of reporting.

5) Designated accounts have been maintained in accordance with the provision of relevantfinancing agreements and funds disbursed out of the accounts were used only for the

purpose intended in the financing Agreements.

6) National laws and regulations have been compiled with, and that the financial and

accounting procedures approved for the project were adhered.

7) Financial performance of the project is satisfactory.

8) Assets procured from the projects funds exist and there is verifiable ownership by the

implementing agencies or beneficiaries in line with the financing agreement.

9) Ineligible expenditures included in withdrawal applications are identified and reimbursed

to the designated accounts.

4. Accounting PoliciesThe principal accounting policies adopted by the program are set out below.

Basis of Accounting

Modified cash basis of accounting is used in the recognition of sources and uses of fund.

Expenditures of Capital nature

Expenditures of capital nature are directly charged to expenditure upon purchase.

Stocks

Stocks are expensed when they are purchased.

3 Foreign currency TranslationTransactions denominated in foreign currencies shall be translated into birr and shown in the

accounts at the rates ruling on the transaction dates. Cash balances maintained in the foreign

currency is converted to Birr at the exchange rate prevailing at the balance sheet date which is

I USD: 21.8308 Birr.

I Currency O 4antsThe reporting currency for the Programme Financial State n Bir

I 0o5<32IO

IIMINISTRY OF AGRICULTURE AND NATURAL RESOURCE-AGRICULTURAL GROWTH PROGRAMME-I

NOTES TO THE ACCOUNT

FOR THE YEAR ENDED 7 JULY 2016

5 DEBTORS AND PREPAYEMENTS 2015

Birr Birr

Project advance (Note 5.1) 286,527,354.88 507,497,823.68

Staff debtors 581,119.69 524,151.27

Sundry debtors 11,373,128.23 19,197,565.74

Purchase advance 66,163.55 400,328.53

298,547,766.35 527,619,869.22

5.1 PROJECT ADVANCE 2015

I Birr BirrTigray region

6,137,714.32 73,858,134.62

Amhara region 148,016,761.28 143,115,151.93

Oromia region 26,546,958.24 99,580,529.12

SNNP region 59,067,266.12 169,281,293.51

ATA 46,753,692.48 19,970,348.76

FCA 4,962.44 1,692,365.74

286,527,354.88 507,497,823.68

6 CASH ON HAND AND AT BANK 2015

Birr Birr

Special bank account (Note 6.1) 187,943,200.16 352,054,296.47

I Birr bank account 14,868,610.75 234,280,007.56Cash on hand

0.05 -

202,811,810.96 586,334,304,03

II 6.1 SPECIAL BANK ACCOUNT 20151 Birr Birr

IDA s 187,943,200.16 250,517,377.99

I MDTF c -20,553,743.17

AECID on 7,050,891.21

GAFFSP 72,087,848.50

I Italian Co-oper. - 1,844,435.60187,943,200.16 352,054,296.47

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MINISTRY OF AGRICULTURE AND NATURAL RESOURCE-AGRICULTURAL GROWTH PROGRAMME-I

NOTES TO THE ACCOUNTFOR THE YEAR ENDED 7 JULY 2016

7. CREDITORS 2015

Birr BirrI Employment income tax payable (1,732.50)Pension payable (5,290.56) -

Withholding tax payable 6,393.87 5,757.74

VAT Payable 55,619.60 44,498.85

Sundry payable 188,525.54 54,639.00

243,515.95 104,895.59

I8.FUND BALANCE 2015

Birr Birr

Opening balance 1,113,849,277.66 611,193,866.94

Excess of sources over uses (612,733,214.29) 502,655,410.72

501,116,061.36 1,113,849,277.66

9. GRANT AND LOAN RECEIVED 2015

Birr Birr

IDA-CREDIT 187,167,773.63 -

GAFSP 304,154,699.17

E AECID 4,301,800.00MDTF 474,504,853.20

326,520,071.15

IDC - 142,698,000.00

661,672,626.83 777,674,570.32

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MINISTRY OF AGRICULTURE AND NATURAL RESOURCE-AGRICULTURAL GROWTH PROGRAMME-INOTES TO THE ACCOUNTFOR THE YEAR ENDED 7 JULY 2016

10. COMP 1- AGRUCULTURAL PRODUCTION AND COMMERCIALIZATIONCurrency:Ethiopian Birr

TIGRAY AMHARA OROMIA SNNP HEAD QUARTER ATA FCA Total

Salary and other Benefits - 2,700.00 - 1,334,460.44 - 12,189,295.24 - 13,526,455.68

Perdiem and transportation 1,215,226.05 563,933.27 2,185,493.48 3,296,297.92 57,808.00 11,986,820.56 1,052,864.00 20,358,443.28

Repair and maintanance 1,840.00 156,607.30 324,690.22 2,534,080.64 - 16,423,501.25 992 50 19,441,711.91

Plant and Machinery 250,000.00 31,914,479.46 12,922,662.97 2,473,742.10 16,652,490.31 14,915,978.74 13,756.24 79,143,109.82

Construction Materials 38,322.22 1,274,764.27 - 9,768,259.34 - - - 11,081,345.83

Training(workshop) 10,356,144.50 6,434,650.06 13,553,521.03 32,624,634.54 4,490,262.86 801,099.21 8,690,516.17 76,950,828.37

Advertisement - - 48,950.00 - 2,277.00 69,575.00 120,802.00

Educational supplies - 452,624.93 - - - 452,624.93

Stationery and other supplies - 8,463.80 65,995.22 285,545.59 2,149,874.97 2,000,208.34 465,296.86 4,975,384.78

Telephone,fax and postage - - - - 133,611.87 - 133,611.87

Livestock - 288,67600 4,090,489.89 783,410.00 3,468,446.35 - 8,631,022.24

Fertilizer 102,900.00 7,372,998.92 12,527,707.55 21,677,289.63 - 3,618,544.70 - 45,299,440.80

Fuel and lubricant 460,698.60 45,177.58 258,565.10 285,232.26 13,549.88 1,069,070.90 133,273.50 2,265,567.82

Insurance expense - - - - - 348,827.54 - 348,827.54

Consultancy - 478,080.00 - 4,244.90 - 4,444,670.37 3,208,715.54 8,135,710.81

Fees and charge 40,530.40 37,593.96 120.00 6,825.00 37.435.08 71,614.94 - 194,119.38

Miscellaneous - - - 4,740.00 9543 63,918.61 11,469.82 80,223.86

Freight - 10,000.00 2,625.00 624,778.00 - 141,240.15 - 778,643.15

Veterinaryand marine supplie: 7,438,443.69 1,609,620.36 277,091.09 516,514.51 - 9,841,669.65

Entertainment - 10,391.25 193,678.52 - 71,411.94 2,298,525.67 2,574,007.38

Contribution - -- 100,000.00 - 100,000.00

Rent -- 15,681.70- 15,681.70

Research 5-77 4 - 94,380.50 - 200,257.95

Utility 145,630.51 - 145,630.51

Loading n - 7,950.00 7,950.00

19,904,105.46 50,197,744.98 46,671,977.7 76, 9R335 26 62.88 68,637,784.07 15,952,935.30 304,803,071.26

'~O?d AU

MINISTRY OF AGRICULTURE AND NATURAL RESOURCE-AGRICULTURAL GROWTH PROGRAMME-INOTES TO THE ACCOUNTFOR THE YEAR ENDED 7 JULY 2016

II. COMP 2- SMALL SCALE RURAL INFRASTRUCTURE DEVELOPMENT

Currency:Ethiopian BirrTIGRAY AMIHARA OROMIA SNNP HEAD QUARTER ATA Total

Salary and other Benefits - 71,006.00 207,995.90 296,313.50 - 797,886.64 1,373,202.04Perdicm and transportation 2,100,846.02 3,345,499.17 4,131,505.45 6,592,653.23 37,330.00 572,995.29 16,780,829.16Repair and maintanance - 2,379,241 85 24,09320 31,942.02 - 3,985.40 2,439,262.47Plant and Machinery 77,274,726.84 214,903,097.18 239,382,654 68 14,086,826.94 - (1,163,570.53) 544,483,735.11Construction Materials - - 104,869,762.95 2,217,700.46 81,646,332.83 188,733,796.24Training(workshop) 1,001,461.94 30,612,832.96 1,059,089.63 9,716,087.11 4,256,565.14 2,700,389.30 49,346,426.08Advertisement - - 12,655.55 187,763.23 - 200,418.78Stationery and other supplies - 65,19997 6,000.00 80,144.18 - 175,110.27 326,454.42Telephone,fax and postage - 17,731.34 - - - 17,731.34Livestock - - 6,000.00 55,500.00 - 61,500.00Fertilizer 495,000.02 578,809.95 1,128,148.67 2,980,049.97 - 8,101.00 5,190,109.61Fuel and lubricant 63,522.96 393,844.55 118,122.83 1,009,920.50 9,141.64 80,946.16 1,675,498.64Insurance expense - - - - 118,448.43 118,448.43Transportation - - - - 262,548.30 262,548.30Consultancy - 398,748 12 2,437,064.71 360.00 3,502,977.86 5,421,295.18 11,760,445.87Fees and charge - 8,116.42 525.00 312.40 96.10 172,113.78 181,163.70Miscellaneous - - 296.00 168,799.00 - 11,614.00 180,709.00Freight - 10,118.00 64,538.44 465,059.17 - - 539,715.61Entertainment - - - 26,920.06 - 6,356.36 33,276.42Rent - 479,492.06 - 1,328.25 - 203,565.68 684,385.99Research - - 643,747.77 500.00 - - 644,247.77Utility 1,198,847.75 - -- ere - 1,198,847.75Supervison -3,378,672.70 7R 53.63- - 3,554,163.76 10,708,290.09

82,134,405.53 256,642,410.27 ,9 891.46 0 , 2.51 10,023,811.20 94,572,281.85 836,941,042.82

INISTRY OF AGRICULTURE AND NATURAL RESOURCE-AGRICULTURAL GROWTH PROGRAMME-ITES TO THE ACCOUNTR THE YEAR ENDED 7 JULY 2016

COMP 3-PROJECT MANAGEMENT, MONITORING & EVALUATION

Currency:Ethiopian BirrTIGRAY AMHARA OROMIA SNNP HEAD QUARTER ATA Total

y and other Benefits 4,249,585.30 10,870,351.91 10,797,418.05 9,180,484.46 5,185,245.05 1,098,433.73 41,381,518.50iem and transportation 941,192.35 5,002,368.60 7,200,480.74 4,972,415.90 5,666,017.19 23,906.27 23,806,381.05ir and maintanance 378,375.37 617,493.20 848,486.52 1,323,861.90 1,459,648.35 - 4,627,865 34and Machinery 300,266.58 3,852,001.65 5,399,769.67 2,681,914.47 24,966,093.17 - 37,200,045.54

truction Materials - -- 337,141.89 - 337,141.89iing(workshop) 933,206.99 335,337.30 17,561,210.93 1,721,729.77 11,637,515.13 - 32,189,000.12rtisement 264,000.00 8,860.00 4,070.00 25,221.13 91,441.92 - 393,593.05nery and other supplies 444,228.52 580,900.56 1,196,723 99 1,397,133.32 1,794,933.32 - 5,413,919.71

ýhone,fax and postage 43,967.58 682,101.52 72,414.70 132,590.92 69,650.00 - 1,000,724.72tock - - - - 801,335.19 - 801,335.19md lubricant 251,828.17 779,596.11 1,096,403.63 1,110,154.80 1,031,394.65 - 4,269,377.36ance expense 32,214.65 86,535.56 307,676.59 - 105,398.66 - 531,825.46iltancy - - 2,125.15 - 2,191,489.70 - 2,193,614.85md charge 1,930.00 37,679.52 8,702.59 19,087.74 1,970,959.04 - 2,038,358.89:Ilaneous 950.00 - 50,619.08 174,038.19 - 225,607.27it - 230.00 33,554.00 - - 33,784.00

- - 422,511.60 - - 422,511.60tainment 66,500.80 112,310.44 .6 - 157,539.40 - 628,893.33

- 1,601,095.32rch

7.95 - 1,697.95

-- 15,356.39

ng -_ -_ f750.00 750.007,908,246.31 22,965,766.37 650.04 23 84.04 57,129,410.77 1,122,340.00 159,114,397.53

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ANNEX-1

IMINISTRY OF AGRICULTURE AND NATURAL RESOURCE-AGRICULTURAL GROWTH PROGRAMME-I

RECONCILATION OF THE AMOUNT RECEIVED WITH DISBURSED BYBWORLD BANK

I FOR THE YEAR ENDED 07 JULY 2016

IRECEIVED BY DISBURSED BY RECEIVEDED BY

PROGRAM USD WORLD BANK USD PROGRAM BIRR

I IDA CREDIT 8,900,019.07 8,836,180.10 187,167,773.63MDTF GRANT 22,500,000.00 22,500,000.00 474,504,853.20

31,400,019.07 31,336,180.10 661,672,626.83

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I ANNEX 2I

MINISTRY OF AGRICULTURE AND NATURAL RESOURCE-AGRICULTURAL GROWTH PROGRAMME-I

INDIVIDUAL IFR WITHDRAWAL APPLICATION


IWe have verified the below detailed withdrawal application for the year ended 7july 2016

and the application is in agreement with the grant received during the year.

Withdrawal application No Arount(USD)

IMOA AGP-039 9,069,338.03

MOA AGP-042 13.430,661.97

MOA AGP-044 8,900,019.07

Refund from UNOPS for procurement of vehicles 63,838.97 8,836,180.10

31,336,180.10

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MINISTRY OF AGRICULTURE AND NATURAL RESOURCES-AGRICULIURAL GROWTH PROGRAM(AGP-I)LIST OF MATERIALS PURCHASEDFOR THE ENDED 07 JULY 2016

Federal AGP CPU

Sr. Date of Voucher Cost of Asset Plate GRN ISSU LocationNo Type of Asset Purchase Number in ETB Number Engine No. Chassiss No Number Voucher of Asset Remark

______ No ____TOYOTA Hilux Double Cab 5Seater Turbo Diesel (Cost in AHTFR22G Frderal

1 USD 29,667.16) 6/3/2005 JV-150 566,526.64 4-17534 2KD-5729114 406058313 331226 103856 AGP CU Reta BornaTOYOTA Hilux Double Cab 5Seater Turbo Diesel (Cost in AHTFR22G - Frderal Mohamme2 USD 29,667.16) 6/3/2005 JV-150 566,526.64 4-17533 2KD-5750962 506059017 331226 103741 AGP CU d KassaTOYOTA Hilux Double Cab 5Seater Turbo Diesel (Cost in AHTFR22G - Frderal Abaynehe3 USD 29,667.16) 6/3/2005 JV-150 566,526.64 4-17532 2KD-5753986 506059180 331226 103740 AGP CU Alemu

4 Editing Machine 24/11/2014 PV-1413 2,772,650.00 1 120001 1 PRHeavy Duty Photo Copy

5 Machine 13/3/2015 PV-1428 355,780.00 120029

____ Tim,ra

Sr. Date of Voucher Cost of Asset Plate GRN ISSU LocationTypePurchase Number in ETB Number Engine No. Chassiss No N Voucher Remark

No Pc e m r NNo of AssetTOYOTA Hilux Double Cab 5Seater Turbo Diesel (Cost in AHTFR22G Tigray Asefa1 USD 29,667.16) 6/3/2005 JV-150 566,526.64 4-1480 2KD-5733691 806058346 331226 103860 Region TamiratTOYOTA Hilux Double Cab 5

MuluSeater Turbo Diesel (Cost in 4 AHTFR22G - Tigray Gebre2 USD 29,667.16) 6/3/2005 JV-150 566 ' 04 -'T CQ' -5751444 306059064 331226 103859 Region TekleTOYOTA Hilux Double Cab 5Seater Turbo Diesel (Cost in O11 AHTFR22G Tigray Surafel3 USD 29,667.16) 6/3/2005 JV-150 65 6.64 182 2 45895 806058900 331226 103861 Region Kahesay

MINISTRY OF AGRICULTURE AND NATURAL RESOURCES-AGRICULTURAL GROWTH PROGRAM(AGP)LIST OF MATERIALS PURCHASEDFOR THE ENDED 07 JULY 2016

Ambara

Sr.SSr. Date of Voucher Cost of Asset Plate N ISSU LocationTypePurchase Number in ETB Number Engine No. Chassiss No N Voucher ocAtion RemarkNoPuchs Nmbr nET NmbrNumber of Asset

No

TOYOTA Hilux Double Cab 5Seater Turbo Diesel (Cost in 2KD- AHTFR22G - Amhara Agenghu

I USD 29,667.16) 6/3/2005 JV-150 566,526.64 4-02609 5740551 306058724 331226 103745 Region Felate

TOYOTA Hilux Double Cab 5Seater Turbo Diesel (Cost in 2KD- AHTFR22G - Amhara Minale

2 USD 29,667.16) 6/3/2005 JV-150 566,526.64 4-03952 5768065 9060059702 331226 103746 Region Biressa

TOYOTA Hilux Double Cab 5Seater Turbo Diesel (Cost in 2KD- AHTFR22G - Amhara Abate

3 USD 29,667.16) 6/3/2005 JV-150 566,526.64 4-03656 5805662 706061044 331226 103747 Region Berihun

TOYOTA Hilux Double Cab 5Seater Turbo Diesel (Cost in 2KD- AHTFR22G - Amhara Bekalu

4 USD 29,667.16) 6/3/2005 JV-150 566,526.64 4-03991 5747985 806058959 331226 103748 Region Mengistu

TOYOTA Hilux Double Cab 5Seater Turbo Diesel (Cost in 2KD- AHTFR22G - Amhara Adamu

5 USD 29,667.16) 6/3/2005 JV-150 566,526.64 4-03996 5785392 306060344 331226 103749 Region Damete

TOYOTA Hilux Double Cab 5Seater Turbo Diesel (Cost in 2KD- AHTFR22G - Amhara Kebede

6 USD 29,667.16) 6/3/2005 JV-150 566,526.64 4-04025 57342325 006058793 331226 103750 Region Adane

14

ISTRY OF AGRICULTURE AND NATURAL RESOURCES-AGRICULTURAL GROWTH PROGRAM(AGP)

OF MATERIALS PURCHASEDTHE ENDED 07 JULY 2016

Oromia

Date of Voucher Cost of Asset in Plate GRN Location ofType of Asset Purchase Number ETB Number Engine No. Chassiss No Number Voucher Asset

RemarkNo

'OYOTA Hilux Double Cab 5eater Turbo Diesel (Cost in USD AHTFR22G -

Oromia Tsehay

9,667.16) 6/3/2005 JV-150 566,526.64 4-02997 2KD-5717740 006057935 331226 103851 Region Moges

-OYOTA Hilux Double Cab 5

eater Turbo Diesel (Cost in USD AHTFR22G -Oromia Tsebay


FOYOTA Hilux Double Cab 5

;eater Turbo Diesel (Cost in USD AHTFR22G -Oromia Tsehay


[OYOTA Hilux Double Cab 5;eater Turbo Diesel (Cost in USD AHTFR22G - Oromia

Tsehay


FOYOTA Hilux Double Cab 5ieater Turbo Diesel (Cost in USD 2KD- AHTFR22G - Oromia

Tsebay

Z9,667.16) 6/3/2005 JV-150 566,526.64 4-04614 57343367 006058812 331226 103851 Region Moges

TOYOTA Hilux Double Cab 5

Seater Turbo Diesel (Cost in USD AHTFR22G -Oromia Tsehay



Seater Turbo Diesel (Cost in USD AHTFR22G -Oromia Tsehay



Seater Turbo Diesel (Cost in USD AHTFR22G -Oromia Tsebay


TOYOTA Hilux Double Cab 5Seater Turbo Diesel (Cost in USD - * AHTFR22G - Oromia

Tsehay

29,667.16) 6/3/2005 JV-150 ,526.64 4-0444 -5720169 306058030 331226 103852 Region Moges

TOYOTA Hilux Double Cab 5 OT

Seater Turbo Diesel (Cost in USD A0 AHTFR22G - Oromia Tsehay

29,667.16) 6/3/2005 iV-150 66,526.64 74 2 -5722887 406058120 331226 103853 Region Moges

TOYOTA Hilux Double Cab 5Seater Turbo Diesel (Cost in USD AHTFR22G - Oromia

Tsehay

29,667.16) 6/3/2005 JV-150 566,526.64 4-04595 Kp-5726153 X06058218 331226 103854 Region Moges

TOYOTA Hilux Double Cab 5 5..*

Seater Turbo Diesel (Cost in USD 6320. O_"- AHTFR22G - Oromia Tsehay

29,667.16) 6/3/2005 JV-150 566,52664 . 2KD-5725163 906058176 331226 103855 Region Moges

.. .... .

MINISTRY OF AGRICULTURE AND NATURAL RESOURCES-AGRICULTURAL GROWTH PROGRAM(AGP)LIST OF MATERIALS PURCHASEDFOR THE ENDED 07 JULY 2016

SNNP

Sr. T fA Date of Voucher Cost of Asset in Plate GRN ISSU Location ofNo ype o sset Purchase Number ETB Number Engine No. Chassiss No Number Voucher Asset RemarkNo A

TOYOTA Hilux Double Cab 5 Seater AHTFR22G - Abeba1 Turbo Diesel (Cost in USD 29,667.16) 6/3/2005 JV-150 566,526.64 4-02557 2KD-5732847 X06058431 331226 103855 SNNPRS G/Yohannes

TOYOTA Hilux Double Cab 5 Seater AHTFR22G - Abeba2 Turbo Diesel (Cost in USD 29,667.16) 6/3/2005 JV-150 566,526.64 4-025604 2KD-5734173 506058479 331226 103855 SNNPRS G/Yohannes






TOYOTA Hilux Double Cab 5 Seater AHTFP22G - Abeba8 Turbo Diesel (Cost in USD 29,667.16) 6/3/2005 JV-150 5758381 906059361 331226 103855 SNNPRS G/Yohannes

od JTEEB715-9 1Hlard top vechicle 6/7/2008, 2,!7 96.50 4 2936 107030143 506421 R-AGP-CU

JTEEB715- BOA Deputy10 Hard top vechicle 6/7/2008 , O 4-03329 832749 20703017 506421 Head

16" V

MINISTRY OF AGRICULTURE AND NATURAL RESOURCE-AGRICULTURAL GROWTH PROGRAM

LIST OF VISITED AUDIT PLACES


Regions /A2ency/Head Head offfice Bureaus Zone Wereda Contact personguarter

Oromia Region Regional AGP CU East Wellega Diga, G. Gida, BoneyaBoshe

Irrigation Finfine Surrounding welmera Solomon Demelew

Jimma Gera, Goma, L.Seka

I/Abba Bora Bedele, Dedesa, Gechi,chora

Amahara Region Regional AGP CU Enemy, Dejen, Awabel

Water Resource East Gojam EnarjEnawga

Adamu MaruBahirdarzuria,

West Gojam YilmanaDensa

SNNP Region Regional AGP CU Cheha

Irrigation Gurage Gumer, Geto

Habtamu

Sidama Arbegona,Melega

Gedio Bule

Tigray Region Regional AGP CU West Tigray Tsegeda,Welqait,KaftaHumera AskaluWater Resource Nort Tselamet

Head quarter head office 0ho, Woinshet

ATA head office Ermias

ChFCA head office P,L Alemberhan

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j TAY TAY

IAUDITORS' REPORT ON THE DESIGNATED ACCOUNTS

OF

II MINISTRY OF AGRICULTURE AND NATURAL RESOURCE (MoANR)-

AGRICULTURAL GROWTH PROGRAMME- I

II

AS AT AND FOR THE YEAR ENDED 7 JULY 2016

II

I TAY & Co.Chartered Certified Accountants & Authorized Auditors

Addis Ababa, EthiopiaTel. 251-11-442-1336 Fax 251-11-442-1338 E-mail: tayco(a)ethionet.et

P.O.Box 1335 Addis Ababa, Ethiopia

Ethio-china Friendship Street Wongelawit Tadesse Building Ist Floor

Website: www.tayauditin.com

II

ITAY & Co.

INDEPENDENT AUDITOR'S REPORT ON THE DESIGNATED ACCOUNT OFMINISTRY OF AGRICULTURE AND NATURAL RESOURCE-AGRICULTURAL GROWTH PROGRAMME I

We have audited the accompanying designated account ofMinistry of Agriculture and Natural Resource(MoANR)-Agricultural Growth Programme IDA Credit 47830 ET,IDA Grant H6000ET,MDTF GrantI TF No 99729,AECID Grant 1811/1 1,GAFSP Grant TFO1 1306, and Italian Development Cooperationfor the year ended 7 July, 2016.

I Management's Responsibility for the Financial StatementsManagement is responsible for the preparation and fair presentation of designated accounts inaccordance with Generally Accepted Accounting Principles, and for such internal control asI management determines is necessary to enable the preparation of financial statements that are free frommaterial misstatement, whether due to fraud or error.

I Auditor's ResponsibilityOur responsibility is to express an opinion on designated accounts based on our audit. We conducted ouraudit in accordance with International Standards on Auditing. Those standards require that we complyI with ethical requirements and plan and perform the audit to obtain reasonable assurance about whetherthe financial statements are free from material misstatement.

I An audit involves performing procedures to obtain audit evidence about the amounts and disclosures inthe financial statements. The procedures selected depend on the auditor's judgment, including theassessment of the risks of material misstatement of the financial statements, whether due to fraud orerror. In making those risk assessment, the auditors considers internal control relevant to the entity'spreparation and fair presentation of the financial statements in order to design audit procedures that areappropriate in the circumstances, but not for the purposes of expressing an opinion on the effectivenessof the entity's internal control. An audit also includes evaluating the appropriateness of accountingpolicies used and the reasonableness of accounting estimates made by management, as well asevaluating the overall presentation of the financial statements.

1 We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour qualified audit opinion.

1 OpinionIn our opinion, the financial statements thereof present fairly, in all material respects , the financialposition of the designated accounts of Ministry of Agriculture and Natural Resource-AgriculturalGrowth Programme I IDA Credit 47830 ET,IDA grant H6000ET,MdTF Grant 99729,AECID Grant1811/11,GAFSP 06 and Italian Development Cooperation as at 7July, 2016 and themovements in ountssfo year then ended in accordance with Generally Accepted AccountingPrinciples a gre the records maintained by the project.

TAY&Co eChartered 8i d Acch an and Addis AbabaAuthorized t January 02, 2017

b n-hinn FriAndshin Street Wenaelawit Tadesse Buildina 1st Floor

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MINISTRY OF AGRICULTURE AND NATURAL RESOURCE-

AGRICULTURE GROWTH PROGRAMMESTATEMENT OF DESIGNATED ACCOUNT

FOR THE YEAR ENDED 7 July 2016

I Account Number 02615/013817/00Depository bank National Bank of Ethiopia

Related Credit and Grant IDA Credit (47830-ET) and IDA Grant (H600-ET)

Address: Addis Ababa, EthiopiaI Currency USDI 2015

Initial Balance 12,169,426.40 6,987,079.16

Add:- Transferred from World Bank Credit 8,900,019.07 47,647,778.53

Refund from different payements 26,079.00 8,926,098.07 14,691.62

21,095,524.47 54,649,549.31

1Less:- Transfer to pool birr account 7,980,000.00

Transfer To ATA 1,500,000.00

Expenditure During the year 3,006,440.05

12,486,440.05 42,480,122.91

Ending Balance 8,609,084.42 12,169,426.40

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II

I 2

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MINISTRY OF AGRICULTURE AND NATURAL RESOURCE-AGRICULTURE GROWTH PROGRAMSTATEMENT OF DESIGNATED ACCOUNTFOR THE YEAR ENDED 7 July 2016

IAccount Number 02615/013818/00

Depository bank National Bank of EthiopiaRelated Grant MDTF No 099729Address: Addis Ababa, EthiopiaCurrency USD

2015

Initial Balance 998,442.77 1,141,442.54Add:- Transferred from World Bank Credit 22,500,000.00 16,257,000.23I 23,498,442.77 17,398,442.77

Less:- Transfer to pool birr account 21,943,477.91


Expenditure During the year 54,964.86

23,498,442.77 16,400,000.00

1 Ending Balance - 998,442.77

Ib '0

3

I

I

MINISTRY OF AGRICULTURE AND NATURAL RESOURCE-AGRICULTURE GROWTH PROGRAMSTATEMENT OF DESIGNATED ACCOUNTFOR THE YEAR ENDED 7 July 2016

IAccount Number 02615/0141003/00Depository bank National Bank of EthiopiaRelated Grant GAFSP TF 011306Address: Addis Ababa, EthiopiaCurrency USD

I__2015

I Initial Balance 3,501,824.00 5,901,824.00Add:- Transferred from World Bank - 15,000,000.00

3,501,824.00 20,901,824.00

Less:- Transfer to pool birr account 1,819.44


I Expenditure During the year 4.563,501,824.00 17,400,000.00

Ending Balance - 3,501,824.00

I

0,-

4-

0)/

I' e l0I

I

MINISTRY OF AGRICULTURE AND NATURAL RESOURCE-

AGRICULTURE GROWTH PROGRAM

STATEMENT OF DESIGNATED ACCOUNTFOR THE YEAR ENDED 7 JULY 2016

IAccount Number 100071300320

Depository bank National Bank of Ethiopia

Related Grant Italian Development co-operative

I Address: Addis Ababa, EthiopiaCurrency USD

2015

Initial Balance 89,597.47

Add:- Fund received - 7,089,597.4789,597.47 7,089,597.47

Less:- Transfer to pool birr account 89,373.48 7,000,000.00

Bank service charge 223.99 -

89,597.47 7,000,000.00

Ending Balance - 89,597.47

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auditors' report to the financial statements of · 2016. 7. 7. · i i 3 tay tay i auditors' report...

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