World Bank Documentdocuments.worldbank.org/curated/en/189181547431141143/...一、审计师意见...

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30 JUN 2018 [<2 7o35 Dox Shanghai Municipal Audit Bureau of the People's Republic of China Audit Report ýti+4K [20183 194-5 SHANGHAI AUDIT REPORT [ 2018 3 NO.194 Project Name: Green Energy for Low-Carbon City in Shanghai Project Financed by the World Bank & Granted by GEF 82330-CN Loan No.: 82330-CN %5: TF-14205-CN Grant No.: TF-14205-CN Project Entity: Shanghai Changning Urban Renewal and Low-Carbon Project Management Center †#-i: 2017 Accounting Year: 2017 Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized

Transcript of World Bank Documentdocuments.worldbank.org/curated/en/189181547431141143/...一、审计师意见...

Page 1: World Bank Documentdocuments.worldbank.org/curated/en/189181547431141143/...一、审计师意见 审计师意见 上海市镼宁区城市更新和低碳项目管理中心: 我们审计了世界银行贷款和全球环境基金赠款上海绿色能源建设低

30 JUN 2018[<2 7o35Dox

Shanghai Municipal Audit Bureau of the People's Republic of China

Audit Reportýti+4K [20183 194-5

SHANGHAI AUDIT REPORT [ 2018 3 NO.194

Project Name: Green Energy for Low-Carbon City in Shanghai

Project Financed by the World Bank & Granted by

GEF

82330-CN

Loan No.: 82330-CN

%5: TF-14205-CN

Grant No.: TF-14205-CN

Project Entity: Shanghai Changning Urban Renewal and Low-Carbon

Project Management Center

†#-i: 2017

Accounting Year: 2017

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Contents- E . . . ........................... ................ ..... ............ ................... 1

I. A uditor's O pinion .................................................................................... 3

II. Financial Statements and Notes to the Financial Statements.................6

( )............................................................................... 6

i. B alan ce Sheet..................................................................................6

( )...............................................................................7

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

iii. Statement of Implementation of GrantAgreement ........................ 8

iv. Statement of Designated Account .................................................. 9

( 3 ) 4fl10....................0.......................... .1. .................. 10

v. Notes to the Financial Statements ................................................. 13

III. Audit Findings and Recommendations ............................................. 17

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一、审计师意见

审计师意见

上海市镼宁区城市更新和低碳项目管理中心:

我们审计了世界银行贷款和全球环境基金赠款上海绿色能源建设低碳城区项目2017 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、赠款执行情况表、专用账户收支表等特定目的财务报表及财务报表附注 (第 6 页至第 15 页)。

(一)项目执行单位及上海市财政局对财务报表的责任

簖制上述财务报表中的资金平衡表、项目进度表、赠款执行情况表是是你单位的责任,簖制专用账户收支表是上海市财政局的责任,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

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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总体列报。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

提供了墓础。

(三)审计意见

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编制,公允反映了世界银行贷款和全球环境基金赠款上海绿色能源建设低碳城区项目20 17 年 12 月 31 日的财务状况及截至该日同年度的财务收支、项目执行和专用账户收支情况。

(四)其他事项

我们审查了本期内本项目赠款部分报送给世界银行的第 6一7 号和贷款部分上海浦东发展银行报送的第 6 号提款申请书及所附资料。我们认为,这些资料均符合协议要求,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。

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中华人二帷嘿摆熨局一 、.、、,一、、一。 _ 瓜计 飞、渺 、

地址:甲国上海币世博柯峪 300 亏 ‘ _、~万/尸产‘&邮些簖码:200 125 劝 ‘际 那沙冲严界竺:86一021一23’毕,,’ 今八州 ,传具二86一021一63366323 之

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1. Auditor's Opinion

Auditor's Opinion

Shanghai Changning. Urban Renewal and Low-Carbon Project ManagementCenter,

We have audited the special purpose financial statements (from page 6 to page15) of Green Energy for Low-Carbon City in Shanghai Project financed by theWorld Bank and granted by GEF, which comprise the Balance Sheet as ofDecember 31, 2017, the Summary of Sources and Uses of Funds, theStatement of Implementation of Grant Agreement, and the Statement ofDesignated Account for the year then ended, and Notes to the FinancialStatements.

Project Entity's Responsibility and SFB's Responsibility for the FinancialStatements

Your entity is responsible for the preparation of the Balance Sheet, theSummary of Sources and Uses of Funds, the Statement of Implementation ofGrant Agreement, and SFB is responsible for the preparation of theStatement of Designated Account, which include:i. Preparing and fair presenting the accompanying financial statements inaccordance with Chinese accounting standards and system, and therequirements of the project loan agreement;ii. Designing, implementing and maintaining necessary internal control toensure that the financial statements are free ftom material misstatement,whether due to fi-aud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements basedon our audit. We conducted our audit in accordance with the GovernmentAuditing Standards of the People's Republic of China and InternationalStandards on Auditing. Those standards require that we comply with ethicalrequirements and plan and perform the audit to obtain reasonable assuranceabout whether the financial statements are free fi-om material misstatement.An audit involves performing procedures to obtain audit evidence about theamounts and disclosures in the financial statements, The procedures selected

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depend on the auditor's judgment, including the assessment of the risks ofmaterial misstatement of the financial statements, whether due to fraud orerror. In making those risk assessments, the auditor considers internal controlrelevant to the entity's preparation and fair presentation of the financialstatements in order to design audit procedures that are appropriate in thecircumstances, but not for the purpose of expressing an opinion on theeffectiveness of the entity's internal control. An audit also includes evaluatingthe appropriateness of accounting policies used and the reasonableness ofaccounting estimates made by management, as well as evaluating the overallpresentation of the financial statements.We believe that the audit evidence we have obtained is appropriate andsufficient to provide a basis for our audit opinion.

Opinion

In our opinion, the financial statements identified in the first paragraph presentfairly, in all material respects, financial position of Green Energy forLow-Carbon City in Shanghai Project financed by the World Bank andgranted by GEF as of December 31, 2017, its financial receipts anddisbursements, the project implementation and the Statement of DesignatedAccount for the year then ended in accordance with Chinese accountingstandards and system, and the requirements of the project loan agreement.

Other Matter

We examined the grant withdrawal application No.6-No.7 and the loanwithdrawal application No.6 of SPD Bank, with attached documentssubmitted to the World Bank during the period. In our opinion, thosedocuments comply with the project agreement, and can serve as basis forwithdrawal.

The audit report consists of the Auditor's Opinion and two more partshereinafter: Financial Statements and Notes to the Financial Statements, AuditFindings and Recommendations.

Shanghai Municipal Audit Bureau of the People's Republic of ChinaJune 22, 2018

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Address: No. 300 Shibocun Road, Shanghai, P.R. ChinaPostcode: 200125Tel.: 86-021-23111111Fax: 86-021-63366323

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

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Page 11: World Bank Documentdocuments.worldbank.org/curated/en/189181547431141143/...一、审计师意见 审计师意见 上海市镼宁区城市更新和低碳项目管理中心: 我们审计了世界银行贷款和全球环境基金赠款上海绿色能源建设低

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3,3 ���������������������������������������������

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4.3 ����2017 � 12 � 31 �������100,251,357.06 ���������

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��� 15,580,269,11 ������101,804,594.42 ��

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31014505000220001726 �������2017 ����� 410,705.23 �������� 642,406.08 ��������553,073.72 ������� 2.44�������� 20 ������� 50�020.03 ���

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v. Notes to the Financial Statements

Notes to the Financial Statements

1. Project overviewGreen Energy for Low-Carbon City in Shanghai financed by the World Bankand granted by GEF is a project with combined World Bank finance,including both World Bank loan in the amount of USD 100 million (loan No.82330-CN) and GEF grant in the amount of USD 4.345 million (grant No.TF- 14205 -CN). The total investment of the prcj ect is USD 25 6 million ( equalto R M 1612.8 million yuan) , among which the counterpart funds are USD151,65 5 million, including counterpart loan in the amount of USD 100 millionfi-om Bank of Shanghai and SPD Bank, counterpart funds from borrower inthe amount of USD 46 million, and counterpart funds from government in theamount of USD 5.655 million (Source of the funds was Low-Carbon ProjectSpecial Funds of Changning Districts Development and Reform Commission).It aims to support Shanghai Municipality's low-carbon city development bypromoting green-energy schemes, with a focus on Changning Districts. Themain project contents include developing green-energy building, encouraginggreen mobility, restructuring energy, improving system and mechanism,making motivation policy, enhancing investment, in order to achieve carbonintensity reduction targets. Overall, the project will provide replicationpotential of low-carbon development for Shanghai and its prefectures. TheAgreements were signed on June 14, 2013 and came into effect on September6, 2013. The account of the project will be closed on December 3 1, 2018.

2. Consolidation Scope of the Financial StatementsConsolidation scope of the financial statements covers the financial statementsand the statement of Designated Account of Green Energy for Low-CarbonCity in Shanghai Project.

3. Accounting Policies

3.1 The Financial Stateinents of the project were prepared according to therequirements of Accounting Methods for the World Bank Financed Project

(Caijizi[2000JNo.13 ) and Temporary Accounting Methods for the GrantProject Administrated by the Foreign Affair Department of Ministry of

Finance (Caijihan[2001]No.195)-

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3.2 In accounting practice, the Gregorian calendar year is adopted as the fiscalyear from January 1 to December 31.

3.3 The accrual basis and the debit/credit double entry bookkeeping methodare adopted. RMB is used as the recording currency of bookkeeping.

3.4 The exchange rate adopted in the financial statements was the exchangerate on December 31, 2017 of the People's Bank of China, which is USD 1=RMB 6.5342 yuan.

4. Explanation of Subjects

4.1 Total Project expendituresThe project expenditure in 2017 was RMB 63,101,839.59 yuan, and thecumulative expenditures were RMB 542,869,287.41 yuan. Among which theinvestment of the project with GEF grant was RMB 85,471,249.98 yuan, theinvestment through SPD Bank was RMB 331,147,079.34 yuan, theinvestment through Bank of Shanghai was RMB 126,250,958.09 yuan.

4.2 Cash and BankOn December 31, 2017, the balance was RMB 3,267,230.88 yuan, which wasthe deposit in the Designated Account, equal to USD 500,020.03.

4.3 Project Appropriation FundsThe balance on December 31, 2017 was RMB 100,251,357.06 yuan, includingcounterpart funds from government RMB 72,509,393.64 yuan, counterpartfunds from SPD Bank RMB 4,112,374.75 yuan, counterpart funds from Bankof Shanghai RMB 23,629,588.67 yuan,

4.4 Bank LoanThe balance on December 31, 2017 was RMB 429,656,074.01 yuan, includingfront-end fee of the World Bank loan USD 250,000, equal to RMB1,633,550.00 yuan, and the World Bank loan to SPD bank USD49,924,693.09, equal to R/M 326,217,929.59 yuan and to Bank of ShanghaiUSD 15,580,269.11, equal to RMB 101,804,594.42yuan.

4.5 Trust FundsThe balance on December 31, 2017 was RMB 15,945,811.62 yuan, equal toUSD 2,440,361.73, which was the total withdrawal from the World Bank by

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SFB.

4.6 Other PayablesThe balance on December 31, 2017 was RMB 283,275.60 yuan, which wasthe operating cost of PMO RMB 283,275.60 yuan which has not beenwithdrawn from the World Bank.

5. Designated Account

The Special Account of this project is set in No.5 Sub-branch, ShanghaiBranch, China Construction Bank with the account number of31014505000220001726, and USD as currency Unit. The beginning balanceof 2017 was USD 410,705.23 and the reimbursement in the year was USD642,406.08. This year the disbursement was USD 553,073.72, and the interestincome was USD 2.44, commission fee was USD 20. Thus, the endingbalance was USD 500,020.03.

6. Other Explanation for the Financial StatementsShanghai Changning Urban Renewal and Low-Carbon ProjectManagement Center (former name: Changning Low-Carbon ProjectsManagement Office, hereinafter referred to as PMO) was founded by thegovernment of Changning District, playing a leading role in management ofthe Green Energy for Low-Carbon City in Shanghai Project. PMO isresponsible for the routine management, execution, supervision, appraisal ofthe project granted by GEF, and also the supervision of the project financed bythe World Bank. SPD Bank and Bank of Shanghai are the re-lending banks ofthe project, responsible for the routine management, execution, supervision,and appraisal of the project financed by the World Bank. The financialmanagement of the GEF project is the duty of PMO, and that of the WorldBank project is the duty of re-lending banks. PMO should combine all thefinancial statements and report them to the World Bank.

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