30 JUN 2Of

Heilongjiang Provincial Audit Office

of the People's Republic of China

Audit Report

X k [2016 005 #HEILONGJANG AUDIT REPORT C2016 J NO.005

Project Name: Heilongjiang Cold Weather Smart Public Transportation

System Project Financed by the World Bank

9 #: 8346-CNLoan NO.: 8346-CN

Project Entity: Project Management Office of Heilongjiang

Provincial Development and Reform Commission

2015

Accounting Year: 2015

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目 录Contents

一、审计师意见．.............．⋯⋯，.........．⋯⋯，,.............．························，··，·⋯⋯1

1 .Auditor,5 OPinion...．⋯⋯，．⋯，⋯⋯，..．········，····························，··········，··，·⋯⋯3

二、财务报表及财务报表附注，.......．⋯⋯，........................．⋯⋯，..........．⋯⋯5

11,Financial Statemellts and Notes to the Financial Statements......... ．⋯⋯5

（一）资金平衡表．...．⋯⋯，............．⋯⋯，····················，，·，，··，·······，···，·⋯⋯5

1 .Balance sheet... ．⋯⋯，................................................. ．⋯⋯，.．⋯⋯，二，,,，二5

（二）项目进度表．.........．⋯⋯，......................．···········，············，····，，·⋯⋯6

11.Summary of Sources and Uses ofFunds by Project Component.．⋯6

（三）贷款协定执行情况表．............．⋯⋯，......．⋯⋯，..................．⋯⋯，二8移

111.Statement oflmPlementation ofLoanAgreement.........．········，··一 8

（四）专用账户报表⋯，.,.............................．⋯⋯，，⋯，.．⋯，．⋯⋯，,.....．⋯⋯9

iv. Special Account statement. ．⋯，.,.................. ．⋯⋯，二，.，⋯⋯ 9

（五）财务报表附注．..............．⋯⋯，,．⋯，,.,...........................．⋯⋯，,.．⋯n

v.NotestotheFinancialstatements..... ．⋯⋯，.,．⋯，⋯⋯，,................ ．⋯⋯ 13

三、审计发现的问题及建议．..............．⋯⋯，.．⋯，，⋯，..........................．⋯⋯15

nl.Audit Findings and Reoo~endations.,.,. ．⋯，,,....... ．⋯⋯，......... ．···．⋯⋯ 16

厂 口

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一、审计师意见

审计师意见

黑龙江省发展和改革委员会项目管理办公室：

我们审计了世界银行贷款黑龙江高寒城市智能公共交通系统项目20巧年 12月31日的资金平衡表及截至该日同年度的项目进度表、贷款协定执行情况表和专用账户报表等特定目的财务报表及财务报表附注 （第5页至第 14页）o

（一）项目执行单位对财务报表的责任

簖制上述财务报表中的资金平衡表、项目进度表及贷款协定执行情况表是你办的责任，簖制专用账户报表是黑龙江省财政厅的责任，这种责任包括：

1．按照中国的会计准则、会计制度和本项目贷款协定的要求编制项目财务报表，并佼其实现公允反映；

2，设计、执行和维护必要的内部控制，以使项目财务报表不存在由于舞弊或错误而导致的重大错报。

（二）审计责任

我们的责任是在执行审计工作的基础上对财务报表发表审计意见。我们按照中国国家审计准则和国际审计准则的规定执行了审计工作，上述准则要求我们遵守审计职业要求，计划和执行审计工作以对项目财务报表是否不存在重大错报获取合理保证。

为获取有关财务报表金额和披露信息的有关证据，我们实施了必要的审计程序。我们运用职业判断选择审计程序，这些程序包括对由于舞弊或错误导致的财务报表重大错报风险的评估。在进行风险评估时，为了设计恰当的审计程序，我们考虑了与财务报表相关的内部控制，但目的并非对内部控制的有效性发表意见。审计工作还包括评价所选用会计政策的恰当性和作出会计估计的合理性，以及评价财务报表的』悠体列报。我们相信，我们获取的审计证据是适当的、充分的，为发表审计意见提供了基

础。

（三）审计意见

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我们认为，第一段所列财务报表在所有重大方面按照中国的会计准则、会计制度和本项目贷款协定的要求簖制，公允反映了世界银行贷款黑龙江高寒城市智能公共交通系统项目2015年 12月31日的财务状况及截至该日同年度的财务收支和项目执行情况。

（四）其他事项

我们还审查了本期内报送给的亚洲开发银行既 J001一002号提款申请书及所附资料。我们认为，这些资料均符合贷款协议的要求，可以作为申请提款的依据。

本审计师意见之后，共同构成审计报告的还有两项内容：财务报表及财务报表附注和审计发现的问题及建议。

中介 计·

地址：中国黑龙江省哈尔滨市南岗叭招黔’。‘号厂邮政簖码：150001 、舜沈二电话：86一451一82511649传真：86一451一82528弓51

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1. Auditor's OpinionAuditor's Opinion

To Project Management Office of Heilongjiang Provincial Development and ReformCommission:

We have audited the special purpose financial statements (from page 5 to page 14) ofHeilongiang Cold Weather Smart Public Transportation System Project Financed by theWorld Bank, which comprise the Balance Sheet as of December 31, 2015, the Sunirnaryof Sources and Uses of Funds by Project Component, the Statement of Implementationof Loan Agreement and the Special Account Statement for the year then ended, andNotes to the Financial Statements.

Project Entity and Heilongjiang Provincial Finance Department's Responsibilityfor the Financial Statements

The preparation of the Balance Sheet, the Summary of Sources and Uses of Funds byProject Component and the Statement of Implementation of Loan Agreement is theresponsibility of your entity, while the preparation of the Special Account Statement isthe responsibility of Heilongjiang Provincial Finance Department, which includes:i. Preparing and fair presenting the accompanying financial statements in accordancewith Chinese accounting standards and system, and the requirements of the project loanagreement;ii. Designing, implementing and maintairiing necessary internal control to ensure that thefinancial statements are free from material misstatement, whether due to fraud or effor.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on ouraudit. We conducted our audit in accordance with the Government Auditing Standards ofthe People's Republic of China and International Standards on Auditing. Those standardsrequire that we comply with ethical requirements and plan and perform the audit toobtain reasonable assurance about whether the financial statements are free from materialmisstatement.An audit involves performing procedures to obtain audit evidence about the amounts anddisclosures in the financial statements. The procedures selected depend on the auditor'sjudgment, including the assessment of "me risks of material misstatement of the financial.statements, whether due to fraud or error. In making those risk assessments, the auditorconsiders internal control relevant to the entities' preparation and fair presentation of thefinancial statements in order to design audit procedures that are appropriate in thecircumstances, but not for the purpose of expressing an opinion on the effectiveness ofthe entity's internal control. An audit also includes evaluating the appropriateness of

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accounting policies used and the reasonableness of accounting estimates made bymanagement, as well as evaluating the overall presentation of the financial statements.We believe that the audit evidence we have obtained is appropriate and sufficient toprovide a basis for our audit opinion.

Opinion

In our opinion, the financial statements identified in the first paragraph present fairly, inall material respects, financial position of Heilongjiang Cold Weather Smart PublicTransportation System Project Financed by the World Bank as of December 31, 2015, itsfinancial receipts and disbursements and the project implementation for the year thenended in accordance with Chinese accounting standards and system, and therequirements of the project loan agreement.

Other Matter

We also examined the withdrawal application HLJ0O 1-002 and the attached documentssubmitted to the ADB during the period. In our opinion, those documents comply withthe project loan agreement and can serve as basis for loan withdrawal.

The audit report consists of the Auditor's Opinion and two more parts hereinafter:Financial Statements and Notes to the Financial Statements, Audit Findings andRecommendations.

Heilongjiang Provincial udit Office o Pople's Republic of ChinaJune 24, 2016

Address: No. 106 East Dazhi Street, Nangan District, Harbin, Heilongjiang Province,P.R. ChinaPostcode: 150001Tel.: 86-451-82511649Fax: 86-451-82528451

The English translation is for the convenience of report users; Please take the Chineseaudit report as the only official version.

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II. Financial Statements and Notes to the Financial Statements

i. Balance Sheet

BALANCE SHEET2015 # 12 ) 31 fl(As of Dec/31/2015)

Project Name: HeiLongJiang Cold Weather Smart Public Transportation System Project

Prepared by: Project Management Office of Heilongjiang Provincial Development and Reform Commission.*tii: A RF E Currency Unit: RMB yuan

/ ! & J ff%Line MM9 M;*g A V& A if 4T&Line m9 J3MApplication of Fund No. BeginningBalonce Ending Balance Sources of Fund No. BeinningBalance EndingBalance

-. sJi| Wl it Total Project Expenditures I 61,870,557.89 98,753,89797 a] o 28 13,780,000.00 22,873,768.00Total Pfjct1 ZAppriatin Funds

1. *4SSIUI3 2 33,445,000.00 53,245,000.00 29Fixed Assets Transferred Piject Capiial and Capital Surplus

2. J aVqlTll i 3 Aq,:41c 30Construction Exenditures to be Disposed including Grants

3.5551 4 Ji{fl R ti 31 21,504,489.58 183,725,127.84

Investments Transferred-out Total Project Loan

4. s anroge 5 28,425,557.89 45,508,897.97 lal r jS et 32 21,504,489.58 183,725,127,84Conntrctiont in Progress Total Project Investment Loan

. 6(1) WF*ft 33 3,067,489.58 165,288,127.84Investment Loan Receivable Foreign Loan

4R : :?APSRi-Ttr 7 A :M Vm)ath 34Including World Bank Investment Loan Receivable Including IDA

E rfWrtaVMa 19w;9A RMKr 35 3,067,489.58 165,288,127.84Appropriation ofinvestment Loan IBRD

Including:Appropriation ofWorld Bank Investment 9 36

Loan Technical Coop cration

rI,lM? 10 37Equipment Co- Financing

1 (2) | r Aluj 38 18,437,000.00 18,437,000.00lucluding Equipment Losses in Suspense Domestic Loan

Tutu Casan ak 12 915,801.69 109,273,767.50 2e .tfifl 5 39Tota Cas andBankOther Loonh 13 902,204.49 109,267,377.30 pr p±ol 1 n st Lo 40

Cash is Dank Appropriation of Investment Loan _ _____

14 000 108,265,15926 41Including Special Account Inuclding World Bank Loan

2. Ift 15 13,597.20 6,390%20 f 42Cash on Hand Bond Fund

16 5.943,130.00 927,217.49 43Total Prepaid and Receivable Construction Expenditures to be Offset

A rtit R . 17 t l 44 33,445,00000 200,000.00Including World Bank Loon Interest Receivable Total Payable

E lWrat*iM 185 r 1 45World Bank Loan Commitment Fee Receivable Including World Bank Loan Interest Payable

124k 9 rfattOT ftW*ilVR 46World Bask Loan Service- Fee Receivable World Bank Loan Commitment Fee Payable

m=ktableSecurities W20d Bank Loan Service Fee Payable

Al. l8lm l it 21 lU ASat*55tti 48Total Fixed Assets Other Payables

INVqY1ftNf* 22 h. 1±5552 549Fixed Assets, Cost Appropriation ofFund

ArZi Q 23 WMEA 50 - 2.155,987.12Less: Accumulated Depreciation Retained Earing

LM01FWA 24Fixed Assets, Net

MEMP15Imt4 25Fixed Assets PendingDisposal

Fixed Assets LosseS in Suspense

Tota p l oo 27 68,729,489.538 208,954,882.96 Tot uc 51 68,729,48958 208,954,882.96Total Application oflFund Total SOnTces of Fund

-A A M §t # ( The notes are integral parts of the financial statements)

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ii. Summary of Sources and Uses of Funds by Project Component

SUMMARY OF SOURCES AND USES OF FUNDSBY PROJECT COMPONENT I

$A !E 2015 4 12 A 31 H

(For the period ended Dec/31/2015)

Project Name: HeiLongiiang Cold Weather Smart Public Transportation System Project

Prepared by: Project Management Office of Heilongjiang Provincial Development and Reform Commission

.*k: A R F pl Currency Unit: RMB yuan

Current Period Cumulative

Current year Current period Current period Life of Cumulative Cumulative

Budget Actual % completed PAD Actual % Completed

RA*iWfit Total Sources of Funds 269,000,000.00 171, 314, 406. 26 63.69% 2,629,154,400.00 206, 598,895.84 7.86%

-. [M illR4ik International Financing 218,000,000.00 162,220, 638. 26 74. 41% 1,220,000,000.00 165,288, 127.84 13.55%

1. 01t@ThJT?I41T IBRD 218, 000, 000. 00 162,220,638.26 74.41% 1,220,000,000.00 165,288, 127.84 13.55%

2

3-

k.fl, Counterpart Financing (±-) 51, 000, 000. 00 9,093,768.00 17.83% 1, 409, 154,400. 00 41, 310, 768. 00 2,93%

1.5EfR Counterpart funds without compensation 51,000,000.00 9,093, 768.00 17. 83% 1,409,154,400.00 22, 873,768. 00 1.62%

2.7 n E Counterpart funds with compensation - 18,437,000.00

MA i rt± Total Application of Funds 269,000,000.00 36,883, 340. 08 13. 71% 2,629, 154,400.00 98.753,897.97 3. 76%

(09i IH A by Project Component) (# t)

1. :UIt4Wlt4$4 Civil Works and Materials 150,000.00 126,492.00 84. 33% 1,573,806,200.00 17, 647,690. 31 1. 12%

2. 1Q fr Equipment 201, 160, 000.00 19,800, 000. 00 9.84% 788, 835,800.00 53, 245, 000. 00 6.75%

3. Hi)JAt Capacity Building 5,260,000.00 - 0.00% 51, 350, 000. 00 0. 00

4.V114 Interest during Implementation 610,000.00 626,807.02 102.76% 67,456,100.00 634,796.60 0.94%

-1RiE Front-end Fee - 3, 055, 000. 00 3, 059,500. 00 100. 15%

6. A- Other 61,820,000.00 16, 330, 041. 06 144, 65t, 300. 00 24,166,911.06 16. 71%

MS Difference - 134, 431, 066. 18 107, 844,997.87

1. iW'k"&#% Change in Receivables - -5,015,912.51 - 927,217.49

2. E fVtIWE Change in Payables - 33, 245, 000.00 965 - -200,000.00

3, iyf4A4t Change in Cash and Bank - 108,357, 965 81 - 109, 273,767.50

4. -it Other - -2, 155, 987. 12. - -2, 155,987. 12

( The notes are integral parts of the financial statements)

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！、跚 卜

（三）贷款协定执行情况表111.Statemcnt of Implementation ofLoanAgreement

贷 款 协 定 执 行 情 况 表51 诗TEMENT OF IMPLEMENTATION OF LOAN AGREEMENT

本期截至 2015 年 12 月 31 日(For the period ended Dec/31/20 15)

项目名称：黑龙江高寒城市智能公交系统建设项目ProjectNamc:HeiLongJiangCo1dweatherSmartPublicTransportationSystemPrOject簖报单位：黑龙江省发展和改革委员会项目管理办公室PrePared by:Project Management office of Heilon自iang Provincial Development and ReformCommission

单位：人民币元 currency unit：咖 B yuan

迄 止财务报表说明是本表的组成部分（The notes are in,egral parts。fthe 6nancial stateme以s)粎元与人民币兑换率为：l粎元二6,4936元人民币（Exchange Rate:us$1=RMB6,4936yuan)

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(V9)iv. Special Account Statement

-COK P 4*SPECIAL ACCOUNT STATEMENT

*A A 9 2015 -Jf- 12 A 31 H

(For the period ended December 3 1, 2015)

Project Name: HeiLongJiang Cold Weather Smart Public Transportation System Project8346-CN Loan No. 8346-CN

F,04R fft*: 3Z Aik;F 4A ,r 9 T Depository Bank: Harbin Nangang branch of bank of communication*- - 231000888146370000413 K FP 1+ ;4: A kAccount No. : 231000888146370000413 Currency: USD

A Sff:Part A-Account Activity for the Current Period Amount

Beginning Balance

10 b1l. Add:

20,000,000.00Total Amount Deposited this Period by World Bank*PMMAA-0.0 (4MMWIPW ) 328,928.56Total Interest Earned this Period if Deposited in Special Account*YAT-8 ,AMW9 LT84F -Total Amount Refunded this Period to Cover Ineligible Expenditures-

Deduct:

3,656,319.12Total Amount Withdrawn this Period

Total Service Charges this Period if not Included in Above Amount 15.00Withdrawn

Ending Balance 16,672,594.44

06 RTo be continued)

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Part B-Account Reconciliation

Amount Advanced by World Bank

Deduct:

Total Amount Recovered by World Bank

Outstanding Amount Advanced to the Special Account at the End of 20,000,000.00this Period4. fflKPYA*-,ZV 1,7,544Ending Balance of Special Account

Add:. M3,656,319.12Amount Claimed but not yet Credited at the End of this Period

ApplicationANo. Amount

HLJO33 3,656,319.12

Amount Withdrawn but not yet Claimed at the End of this Period

7. fR*VM-3Vl:B15,00-Cumulative Service Charges (If not Included in Item 5 or 6)

Deduct:

8. M &A V1k-jflKKPn1ft 328,928.56InterestEarned (If Included in Special Account)

9. t}tfflWPkTh*k#Total Advance to the Special Account Accounted for at the End of this 20,000,000.00Period

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（五）财务报表附注

财 务 报 表 附 注

1．项目概况黑龙江高寒城市智能公交系统项目（以下简称 “本项目”）于20n 年提出

利用世行贷款建设， 2014年 5月21日与世行签订贷款协议，获得世行贷款2亿粎元用于项目的实施。

2．财务报表编制范围本财务报表的簖制范围为哈尔滨市项目办及牡丹江市项目办的财务报表以

及省财政厅专用账户报表。

3．主要会计政策3 .1本项目财务报表按照省财政厅《黑龙江省利用世界银行贷款北方高寒城

市智能公交系统建设项目会计核算办法》（财际际金 〔2015〕12号）的要求编制。

3 .2会计核算年度采用公历年制，即公历每年 1月 1日至 12月31日。3.3本项目会计核算以 “权责发生制”作为记账原则，采用借贷复式记账

法记账，以人民币为记账本位币。3.4年末外币业务按照中国人民银行 2015年 12月 31日汇率折算，即

USDI＝人民币6.4936元。

4服表科目说明4.1项目支出2015年项目支出人民币36,883,340.08元，累计支出人民币98,753,897,97

元，占总投资计划的3.76％。4.1 .1交付使用资产20巧年交付佼用资产人民币 19,800,000.00元，年末余额为人民币

53,245,000.00 元 。

4,1.2在建工程20 15年在建工程增加 17,083,340.08元，年末余额为人民币45,508,897.97

元。

4.2预付及应收款合计2015年 12月 31日余额为人民币927,217.49元。4.3项目拨款

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2015年 12月 31日余额为人民币22,873,768.00元。4.4项目借款20巧年 12月 31日余额为人民币 183,725,127.84元，主要是牡丹江子项目

取得的国内借款 18,437,000.00元和世行贷款。4.5国外借款20 15年发生额24,952,699.45粎元，按照年末汇率折合人民币1 62,032,849.14

元。至 20 15年 12月 31日，累计提取 25,454,005.15美元，折合人民币165,288,127.84元。其中财政厅专用账户提取周转金 2000万美元，世行直接支付牡丹江子项目设备款 4,856,172.56粎元，先征费500,000美元，利息97,8咒．59粎元。财政厅专用账户支付未回补3,656,319,12美元。

4.6配套资金截至2015年末，配套资金累计到位 41,310,768.00元，其中项目拨款

22,873,768.00元，国内借款 18,437,000.00元。4.7专用账户2015年，黑龙江省财政厅在交通银行哈尔滨南岗支行开设项目专用银行账

户，账号为23 1000888146370000413。2015年度提取周转金 2000万美元，支付3,656,3 19.12粎元。年末余额 16,672,594.44美元，包含当期利息及服务费净额咒8,913.56粎元，已支付尚未回补3,656,319.12美元，该笔提款申请书号HLJoo3。

4.8其他说明的事项项目资金平衡表中世行贷款期末数与期初数之差与项目进度表中相应本期

发生额及贷款协定执行情况表人民币本期提款数不一致是由于历年汇兑损益造成的。

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v. Notes to the Financial Statements

Notes to the Financial Statements1. Project overviewHeiLongfiang Cold Weather Smart Public Transportation System Project (hereinafterreferred to as Project) proposed to utilize World Bank Loan for project construction in2011 and the government of the People's Republic of China officially signed theLoan Agreement with World Bank on May 21 2014, which stipulated that VVBprovides USD 200 million loan for the implementation of the Project.

2. Consolidation Scope of the Financial StatementsThe consolidation scope of the financial statements covers the financial statements ofHarbin and Mudanjiang subprojects and Imprest Account of Heilongjiang ProvincialFinance Department.

3. Accounting Policies3.1 The Financial Statements of the Project were prepared according to therequirements of Accounting Methods for the World Bank Financed HeiLongJiangCold Weather Smart Public Transportation System Project HeilongjiangIntemationalFinance[2015]No.12) .3.2 In accounting practice, the Gregorian calendar year is adopted as the fiscal yearfrom January 1 to December 3 1.3.3 The accrual basis and the debit/credit double entry bookkeeping method areadopted. RMB Yuan is used as the recording currency for bookkeeping.3.4 The exchange rate used in the financial statements was the exchange rate onDecember 31 2015 of the People's Bank of China, which is USD1= PUB6.4936yuan.

4. Explanation of Subjects4. 1 Total Project ExpendituresThe project expenditure increased RMB 36,883,340.08 yuan in 2015, and thecumulative expenditures were RMB 98,753,897,97 yuan, which accounted for 3.76%of the total investment plan.4. 1.1 Assets TransferredThe asset transferred increased RMB 19,800,000.00 yuan in 2015, the balance ofasset transferred was FJ\4B 53,245,000.00 yuan at the end of 2015.4.1.2 Construction in ProgressThe Construction in Progress increased RMB 17,083,340.08 yuan in 2015, thebalance of Construction in Progress was RMB 45,508,897.97 yuan.4.2 Advanced Payment and ReceivableThe balance of Advanced Payment and Receivable was RMB 927,217.49 yuan at theend of 2015.4.3 Project Appropriation FundsThe balance of Pro ect Appropriation Funds was RUB 22,873,768. 00 yuan at the endof 2015.

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4.4 Project LoanThe balance of project loan was RMB 183,725,127.84 yuan at the end of 2015,which mainly was domestic loan of Mudanjiang subproject of RMB 18,437,000.00yuan and World Bank Loan.4.5 Foreign LoanThe foreign loan disbursed in 2015 was USD 24,952,699.45, equivalent ofRMB162,032,849.14 yuan. By the end of 2015, the cumulative disbursement wasUSD 25,454,005.15, equivalent of RMB 165,288,127.84 yuan, among which thedisbursement on Imprest Account was USD 20 million; direct payment on equipmentof Mudanjiang subproject was USD 4,856,172.56; the front-end fee was USD500,000.00; and the interest was USD 97,832.59. The amount claimed but not yetcredited was USD 3,656,319.12.4.6 Counterpart FundsUp to the end of 2015, the project has received the counterpart funds of RMB41,310,768.00 yuan, among which appropriation funds was RMB 22,873,768.00yuan and domestic loan was RMB 18,437,000.00 yuan.4.7 Imprest AccountIn 2015, Heilongjiang Provincial Finance Department opened imprest account inHarbin Nangang branch of Communications bank with the account number of231000888146370000413. The advance disbursed by World Bank in 2015 was USD20 million and total disbursement during this year was USD 3,656,319.12. Theending balance was USD 16,672,594.44 including net interest earning afteron-lending charge of USD 328,913.56. The amount, with application code of HLJ003,claimed but not yet credited was USD 3,656,3 19.12.4.8 OthersThe discrepancy among difference of ending and beginning balance in Balance Sheet,current period actual in Summary of Sources and Uses of Funds by ProjectComponent and current period withdrawals in Statement of Implementation of LoanAgreement for subject of World Bank loan was resulted by exchange gain and loss.

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