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Audited Project Financial Statements
The audited project financial statements are documents owned by the borrower. The views expressed herein do not necessarily represent those of ADB’s Board of Directors, Management, or staff. These documents are made publicly available in accordance with ADB’s Access to Information Policy and as agreed between ADB and the Assam Power Distribution Company Limited.
PUBLIC: This information is being disclosed to the public in accordance with ADB's Access to Information Policy.
Project Number: 41614-036 Loan/Grant Number: 3200 Period covered: 1 April 2019 to 31 March 2020
India: Assam Power Sector Enhancement Investment Program – Tranche 4
Prepared by
Assam Power Distribution Company Limited
For the Asian Development Bank Date accepted by ADB: 11 December 2020
"fi
Assam Power Sector lnvestmentPro$ram (Tranche'4 )
assam Power llislri[uti0n c0mpany
I,iMiIEdIAPD[I,I
4th Froor
uBij
ureet',
IilH?lTI Bazar
Audited Project Financial
StatementsFor the Financial Year
2019-20
ANrAY Filezarure & Co' G.N.B. ROAD, SILPUKHURI
GUWAHATI.781 OO3
Phone/Fax : 91-361-2667 685HARTER.ED AccouNraNrs
S*ro"H^ro**o&C". G.N.B. ROAD, SiLPUKHURIGUWAHATI - 781 OO3
Phone/Fax : 9 I - 36L -2662 685inf@sanj ayhazarikaandco. comwww. sanjayh azarikaandco. corn
C m eRa'nrtpp,A(--cr I n-lvl.,q x.l-s
lndependent Auditor,s Report
To
Project Director
T,11.A""1f Poyer Sector Enhancement lnvestment program4"' Floor BijuleeBhawan,paltan BazarGuwahati, Assam 781001
Report on the Proiect Financial Statements
lJrsoursemenr ano retaleo notes tor the financial year ended as on 31 .03.2020. . q ,,,
Manaoement's Responsibilitv for the proiect Financial statements f\ L\U
I[ i::Tf.,Y1l1?"-L"']ll:J^::p":'r3l:j":,j9l,l?p-11!:l-"j-tn"s:.opr"(@,/At#.rhat sive a
*"::.1j,i:ij,."I :l^tl"" fli:Tl1 q91it1on, financiar'99rror1nance 91tQt]tfuEXffi;;j;ii;'#;ili;design, relevant to the preparation and presentation oi tn" fin;pciarfi1e$f,ilif"i ;*";il;;;;i;ilr;,;
and are free from material misstatement, whether due to
We have audited the accompanying financial statements of The Assam power Sector Enhancementlnvestment Program, financed by the Asian Development Bank (ADB)under Loan No. 3200,Tranche-4 asimplemented by Assam Power Distribution company Ltd (APDCL) which comprises of the statement ofReceipt and Payments, the Statement of Expenditrr" by Category and Financier,the Statement ofDisbursement and related notes for the financial year ended as on 31 .03.2020. . q ,,,
and are free from materiat misstatement, whether due tofqld F\I& >-
Auditor's Responsibititv . =t t X|}"
our.responsibility is to expresla.{9e{At oL t#ese Project financiat statements based on our audit. weconducted our audit in
?sto6grftqfidli6-erstinoaros on Auotting fromutgated by the tcAt & the comptroler
::1fldlPl ^9:4fliltk{a}os6 sTandards require that *" colrfly with ethicat requirements and ptan and
p!rf9r1n the aufiiildpdfloledsonabte assurance about whether the financiat statements "r";;; tr"r",il."l"ril,misstatement.
An audjt involves performing procedures to obtain audit evidence about the amounts and the disclosures in theprojectfinancial statements. The procedures selected depend on the auditor's judgment, including theassessment of the risks of material misstatement of the financial statements, whethei oue to fraud or error. lnmaking those risk assessments, the auditor considers internal financial control relevant to the Agency,spreparation and fair presentation of the financial statements in order to design audit procedures that areappropriate in the circumstances, but not for the purpose of expressing an opini6n on the effectiveness of theentity internal control. An audit also includes evaluating the approprialeness of the accounting policies usedand the reasonableness of the accounting estimates made by the management, as well as evaluating theoverall presentation of the financial statements"
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for ouraudit opinion on the standalone financial statements.
Opinion
ln our opinion and to the best of our information and according to the explanations given to us, the aforesaidproject financial statements give the information required and give a true and fair view in conformity with therelevant Accounting Standard issued by GASAB (Government Accounting Standards Advisory Board) of Govtof lndia ,
a) ln case of Receipts and Payments of the project, thesources and application of funds of the projectforthe financial year ended on 31"'March 2020
b) ln case of Statement of Expenditure, of the expenditure incurred on the project for the year ended onthat date.
c) ln case of Statement of disbursement, the disbursements made by ADB for the financial year endedon 31"tMarch 2020
We also report that:
(a) we have obtained all the information and explanations which to the best ofwere necessary for the purposes of our examination.
and belief
't1t20t2020
, reasonable books and records
of even date annexed.,
httpsJ/udin. icai.org/print-udin I 1 497 697 2
G,N.B. ROAD, SILPUKHURIGUWAHATI - 781 OO3
Phone/ Fax : 9l-361-2667685inf@)sanj ayhazarikaandco. comwww. sanjayhazarikaandco. com
pefiaining to ADB loan no. 320O(agreement dated 20rH
far as it appears from our examination of those books
that although
on this project
S*ro" &C..CHARTERED.A,C( )I.]NTT,A,NTS
(b) ln our
Feb,
and
This report is i
of lndia for bei
As per our
For,
Sanjay Haza
Chartered
FRN : 31
T . Baru
Partner
M. No.: 05564
1/.
15) have been kept by the Agency so
(c) of the loan have been utilised for the purpose as per ADB loan agreement(d) Fina covenants in the loan agreement have been complied with except the following
Clause no 6 of schedule 5 of loan Agreement the state shall cause APDCL to ensure that its
aver accounts receivablesdo not exceed 120 days, as on March 31'tannually. But as per the data
and i Lation provided by management we have worked out the accounts Receivable rations and
the accounts receivable ratio on 31't March 2OL7 is 124.found
be noted that these ratios has no financial implication on this project financialcomputation of these ratios are given in the Addendum I to this Audit Report.
-For 2.09 of the project Agreement separate Accounts and records for the prolect has to bemaintainedaccount been opened for each loan account .The fund received are deposited in the bankaccount of L and the expenditures are made from the DDO(Drawing and Di
and the required for making the payments are transferred fromconcerned account based on the requisition made by the DDO..I
separatefinancial
account is not maintained for each loan account it
It isstatement.
Ptrate the audit observations in the report of CAG
Assam Power Distribution Companv LimitedlAPDCLl
Assam Power Sector Enhancement lnvestment Prosram (Tranche-4)
Loan/Grant No.3200'lND
STATEMENT OF RECEIPTS AND PAYMENTS
REPORT FOR THE YEAR ENDED 31 MATCh 2O2O
Notes 1 to 13 ofthe financial statements form an integral part ofthese financial statements
in (lNR) '000
For,
Assam Power Sector Enhanccment lnvestment Program (Tranche-4)Sanjay Hazarika & Co.
Chartered
FRN:312075E
,
*'b'd;' gh iGn, G uwatratFl
Particula rs
Note
Current Year previous vear I
Cumulative Project to
date
Opening balance (A)
Receipts
Funds received from Government
ADB Loan
Total Receipts (B)
Total(C=A+B)
Payments
lnvestment Costs
Civil Works
Equipment & Materials
Project implementation consultants
Taxes and duties
subtotal (D)
Other Costs
Land & preparatory work
Environmental & social mitigation
lProiect manasement and construction
83,140
4
6
150,000
516,999
200,400
1-,990,467
3s0,400
2,507,466
666,999 2,r90,867 2,857,866
750,139 2,L90,867 2,857,866
11
5,029
574,737
2,868
L89,799
7,979,820
70,647
108.558
5,O29
2,433,957
73,5L5
298,357
7LL,827 2,099,025 2,810,852
1,264
8,518
L84
8,518
7,448
subtotal (E)
Total Pavments (F=D+E)
1,264 8,702 9,966
713,091 2,107,727 2,820,818
:inancing Charges During lmplementation (G) 8
total Project Cost [H=F+Gl
3losing Balance [C -H]
713,091 2,L07,727 2,820,818
4 37,048 83,140 37,048
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Loan/Grant No.3200-lND
Statement of Dlsbursement
method are given below in INR'000
Statement of Dlsbursement Note Current Year Prior Year
Cumulative
Prolect to Date
\DB Fund claimed during the year
)irect Payment method of disbursement
subtotal (A)
fotal Expenditure made during the year (B)
Less:
-Expenditure not yet claimed (c )
-Borrower's share (D)
fotal Eligible Expenditure Claimed (B-C-D=E=A)
6.1 4-70,236 2,037,230 2,507,466
470,236 2,037,230 2,507,466
556,328
796.O92
2,r54,490
771.260
2,820,818
470,236 2,037,230 2,507,455
Notes 1 to 13 of the financial statements form an integral part of these financial statements
Note:
The above statement of disbursement is prepared based on the expenditure recognition criteria specified in the ADB Disbursement Handbook. All eligible
claims raised by APDCL (the EA) within the accounting period (year ended 31 March 2020) has been included in the above statement and therefore 'Payments' as
per Annexure 1 (which is based on actual payment/disbursement made) will not match with this statement.
For.
Assam Power Sector Enhancement lnvestment Program [Tranche-4)
A#;iffiHDilt i-b.ti"t comdenY Ltd' -*"iiilh..st.wan,
G udr rtl'l
Sanjay
rNorA/AssAM
Assam Power Distribution Company timitedIAPDctl
Assam PowerSector lnvestment Program (Tranche4)
ADB LOAN REFERENCE: 3200-lND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2020
1. Background
The project is under the externally aided project (EAP) scheme of the Department of Economic Affairs (DEA), Ministry of finance, Government
of tndia(GOt).Multilateral lnstitutionsDivisionof DEAplaystheroleforaccessingthefundsfrommultilateral financial institutions likeAsian
Development Bank (ADB). The Aid, Accounts and Audit Division (AAAD) in the Department is responsible for implementing the financial
covenants laid down in the agreement(s) executed by the DEA and the external funding agencies. This external development assistance from
ADB is received by the Government of lndia on behalf of the State Government of Assam for State sector projects/programmes to be
implemented bv the State Government.
Project Nature and Activities:
The project aims to assist in increased distribution capacity, distribution loss reduction and capacity enhancement for improvement of power
distribution network in the State of Assam.
proiect Oescription: Construction of 33KV and 11KV distribution line and associated 33/11 new sub-stations, capacity addition of existing sub-
stations in Assam for strengthening of distribution system. Commencement date is 12 May 2015 and the loan closing date is 30 June 2019'
The Project shall comprise the following:
Output 1: Enhanced capacity of distribution system including:
(a) augmentation of 9 transformers with capacity addition of 22 MVA;
(b) construction of 20 new 33/11 kV substations with total capacity of 200 MVA;
(c) construction of 730 km of 11 kv lines and 477 km ol 33 kv lines (378.32 km for connecting new substations and 98.8 km for system
strengthening); and
(d) construction of 13 new 33 kV and 11 kV railway and river crossings; 15 new 33 kV terminal bays and 31 km of 11 kV aerlal bunch
conductors.
Output 2: lmproved technology of operations and maintenance including:
(a) introduction of quick response operations and maintenance system by procuring 39 units of well-equipped maintenance and testing
equipment mounted vehicles as well as the 2 new mobile emergency restoration units, and;
(b) installation of 85oo units of information technology (lT) modules for high tension (HT) consumers
Legal Framework and Proiect Operation
Government of Assam (GoA), is to act as an oversight body to support policy and budgetary related matters, and interact with central
Government agencies in relation to the implementation of the project. The overall responsibility for the project implementation lies on the
Executing Agency (EA), Assam power Development company Limited (APDCL). A proiect agreement dated 20 February 2015 was entered
between Asian Development Bank (ADB) on the one hand and the State ofAssam (State) and APDCLon the other hand.
By a framework financing agreement dated 15 September 2009 between the Government of lndia (GOl) and Asian Development Bank (ADB),
ADB has agreed to provide a multitranche financing facitity to GOI for purposes of financing proiects under the Assam Power Sector
Enhancement lnvestment protram. By a periodic financing request dated 25 September 2014 submitted by GOl, a loan has been applied to
ADB to finance this project.
The project is carried out by the State of Assam ("State") and APDCL, and for this purpose GOI would make available to the State and through
the State to APDCL, the proceeds of the Loan provided for upon terms and conditions mutually satisfactory to ADB and GOI and set forth in
the Loan Agreement and in the Project ASreement of even date between ADB, the state and APDCL
Project Cost and Management
The total cost of the project is estimated at USD 68.17 million. The following table shows the lnvestment Plan of the Project whlch is under
Tranche 4
1.3
1.4
s. No. ltem
1 Enhanced capacity of distribution system
2 lmproved technology of operations and maintenance system
3 Contingencies
4 Financing charges during implementation
The pro.iect is being financed as under :
S. No. ltem
1 Asian Development Bank (ADB)
2 Government of Assam (GOA)
Amount (USD
million)
5 1.66
9.74
5,84
0.93
68.L7
Amount (USD Y"Shate
million)
50.20 74
17.97 26
68.t7 100
-m*$lr;xu*;;$Pt.LffiH'effiffi' Gumhethl
rNDIA/ASSAM
Assam Power Distribution Company timitedIAPDCLI
Assam Power Sector lnvestment Program (Tranche-4)
ADB IOAN REFERENCE: 3200-lND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MATCh 2O2O
1.5 Details of Loan from ADB
ADB is financing the supply, erection and commissionint of equipment and associated civil works, consulting services, and contingencies as
Milestones
Approval Date :
Signing Date :
Effectivity Date :
Closing Date :
Loan Terms :
Tuesday, Novembe( 25, Z0L4
Friday, February 20, 2015
Tuesday, May 12, 2015
Sunday, June 30, 2019
25 years including a grace period of 5 years. Repayment will commence from 1 May 2020 and will be paid by GOI
Retroactive Financing Date : ThursdaY, February 20, 2014
Retroactive Financing Amount I I 10,040,000
lnterest Type & Rate : LIBOR based. A commitment charge of 0.15% per year
Department of Expenditure (DoE), Ministry of Finance vide their Office Memorandum No. 54 (l), PF-|IEAP Policy/2015-16 dated 14 October 2016
has directed that the grant-loan ratio on Iending arrangements for loans taken by North Eastern and Himalayan States for Externally Aided Projects
would be 90:10 i.e. 90% ofthe loan is repaid by the Gol and 10% ofthe loan repayment liabilitY is borne by the state Governments with respect of
the 74% of the pro.iect cost. The balance 26% will be the counterpart funding by the States as per the extant guidelines of DEA (Ml Division) issued
vide circular no. 04/0L/2071- FB-ll dated 1 December 2011.
2. STATEMENTOFCOMPTIANCE
The project financial statements are prepared to reflect the financial transactions of the proiect in compliance with the standards / guidelines
approved by the Government of lndia and the relevant para8raphs of the Loan Agreement Loan No. 3200-lND.
Under section 2.09 (b) of the project Agreement, ADB shall disclose the financial statements for the project along with the auditor's opinion on
ADB's website.
3, SIGNIFICANTACCOUNTINGPOLICIES
3.1 Project Financial Statements
This comprises of the Statement of Receipts and Payments for the Project, the Statements of Expenditure by Category and Financier, the Statement
of Disbursement and related notes and appendices to the financial statements.
3.2 Basis of measurement
This project Financial statements have been prepared under the historical cost convention and on cash basis of accounting.
3.3 changes in Accounting policies
There are no changes in accountlng policies.
3.4 Expenses
Expenses incurred on the project are recognized on the cash basis of accountin8, i.e. when the relevant cash is paid, The expenses are recognized in
the statement of receipts and payments under the caption "payments". Additionally, the Project expenses are disclosed in the statement of uses of
funds by Project actlvities.
3.5 Fund Flow mechanism
Funds for the financial assistance from ADB and Counterpart funding is generally released by GOA on the basis of yearly budget submitted by APDCL
for each project. The disbursement method of ADB in this Loan (No. 32OO-lND) is "Direct Payment". Payments are made by ADB to the contractors
directly for eligible expenditure. counterpart Fund received from GoA in the framework of the Loan Agreement No. 3200-lND is recorded in the
statement of receipts and payments as "receipts" and is recotnized at each replenishment'
3.6 Cash and cash equivalents
Government funds are received annually to meet the forecasted expenditure and is received in the Principal Account of the company. Eank
accounts are controlled by the EA. No separate bank accounts are maintained for the Proiect.
Chlst Prcfr{:lMsnagorPropct lmplornonrdtion Unit (EAP)
A$tm Porrer Distribution Compaay Ltd
Bllulee Bhauran, Guvrahati- 1
INDIA/ASSAM
Assam Power Distribution Company Limited[APDCL]
Assam Power Sector lnvestment Prosram (Tranche-4)
ADB IOAN REFERENCE: 3200-lND
NOTES TO THE FINANCIAL STATEMENTS fOR THE YEAR ENDED 31 March 2020
3.7 lncome
lncome hasn't been generated from this project, as the project is still not completed
3.8 Accrued and other liabilities
Liability on account of retention money due to contractors have not been accrued under the cash basis policy and has been disclosed in Note
L2.
3,9 Advances
Mobilisation advance is paid to contractors to finance eligible expenditures and are recovered through adjustments from invoices raised for
goods delivered/services rendered, as per the terms ofthe contract. Such payments are included in the Statement of Expenditure,
3.10 Foreign currency transactions and translation
Items included in the financial statements of the Project are measured using the currency of the prlmary economic environment in which the
entity operates (the functional currency), which is the lndian Rupee (lNR),
Claim applications to ADB for foreign currency denominated transactions as per underlying contracts are converted at the rates prevailing at
the date of transaction. The actual fund released by AAAD is recorded in the Receipt and Payments Account in lNR. Difference between the
actual fund received and the recorded transactlon amount being on account of exchange rate differences are disclosed in Note 9.
lnterest Expense and Financial Charges
lnterest and financial charges are not accounted for in these project accounts, and are paid by the Central Government directly to ADB, Refer
noteT&8below.
Funds Received from the Government
3.11
/NR
Current Yeor
2019-20
Prior Yeor
Till 2018-19
Cumulotive Yeor to dote
150.000
200,400 200,400
1 s0.ooo
1s0.000 200.400 350,400
Notes :
1. Governemnt Counterpart funding represents fund released from GOA against project wise budget submitted by APDCL as per the terms of
the Loan Agreement.
2. ln order to meet the committed expenses of the Pro.iect (out of counterpart funding), funds have been diverted from Loan 2800 to meet
temoorarv shortfall. The fund would be reolenished once the next tranche of monev is received from GOA for this oroiect.
Closing balance of fund
Current Yeor
2019-20
Prior Yeor
2018-19
Cumulotive Yeor to dote
(46,092) 83,140 37,048
(46,0921 83.140 37,O48
Project lmplementatlon
The Pro.iect activity started in the year 2015-16. The process of inviting tender, evaluation and awarding of contracts of various packages were
completed in the years 2015-16 and 2015-17. Construction of new 33/11 KV sub stations, construction of 33 & 11 KV lines & 33 KV Terminal
Bay, Crossings for Railway & River were awarded to M/S NECCON POWER & INFRA LTD in three lots under one package and the progress is
96% (approx) as on 31-03-2020. Augmentation and R&M of 33/11 KV sub-stations, Construction of New 33KV and 11KV lines for and new 11
KV lines with AB Cable system strengthening was awarded to M/S T&T Projects ltd and progress is 91% (approx) as on 31-03-2020. Supply of
Mobile Testing Vehicles for T&C Sub-divisions and Mobile Maintenence vehicles for Sub-divisions was awarded to M/S Hi-Tech Corporation Ltd
and the work has been completed. Supply ofTrailer Mounted 33/KV sub-station for emergency restoration of power was awarded to lV of
M/S Win Power & lnfra PW. ttd. and M/5 ShandongTaikai Oisconnector Company, China and the work is 100% complete as on 31-03-2020.
Supply and installation of intelligent Modems, Testing, lntegration with existing MBC system currently installed in APDCL Data Centre and
commissioning in different towns under 19 circles of APDCL was awarded to M/S Tata Consultancy Services ltd and the work is 100% complete
as on 31.03-2020. Supply ofvarious Sub-station equipments to different central stores under APDCL was awarded in 3 lots toM/5 Tesla
Transformers, M/S CG power & lndustrial Solutions Ltd and JV of M/S Hl Tech Corporation Ltd and M/5 ABN Tower Corporation and the work
was 1OO% complete as on 31-03-2020. All these contracts are turnkey in nature.The Proiect Management Consultancy services awarded to
SMEC was extended upto 31-12-2018 and the consultant has provided the services for the entire period of Contract. The remainlng activities
after sceduled loan closing date are already ln progress and shall be completetd very soon. The financial involvment if any for the unclaimed
amount against the works executed after the scheduled loan closing date shall be borne from own resources.
Government Counterpart funding
Fund diverted from Loan 2800
Total
Government Counterpart fund
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n
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Assam Power Distribution Companv LimitedlAPDCLl
Assam Power Sector Enhancement lnvestment Program (Tranche-4l
Loan/Grant No.3200-l ND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March, 2020
6.1 Funds claimed from ADB using Direct Payment Method
WA-66
WA-67
WA-68
WA.69
WA-70
WA-71
wA-72
WA.73
WA.74
WA-75
WA.76
wA-77
WA.78
WA-79
WA.8O
WA.81
WA.82
WA-83
WA-84
WA-85
WA.86
WA-87
Sub Total - A
Amount
13,105,000
10,462,000
17,351,000
10,034,000
1,071,000
25,827
13,093,000
85,796,000
97,576
24,774,000
26,230,000
258,301
7,928,000
72,505,000
286,602
s1,305,000
8,269,000
9,707,000
222,785
177,156
40,124,000
1,535,000
Amount (lNR)
'000s
13,105
70,462
L7,35t
10,034
L,077
1,797
13,093
86,796
6,728
24,714
26,230
18,308
7,928
72,505
20,664
51,306
8,269
9,707
15,853
L2,656
40,124
1,535
13,105
t0,452
17,357
10,034
13,093
85,796
6,728
24,774
26,230
18,308
7,928
72,505
20,664
51,305
8,269
9,707
15,853
12,656
40,724
1,535
Project Equipment
lmplementation,Erection and
Consultant lnstallationWithdrawal Application (WA) lD Date of claim Currency
A. Disbursed in 2019-20
04104/2019 rNR
26104/2079 tNR
2olos/2019 rNR
20l0s/2019 rNR
30/0s/2019 tNR
3ol0s/2019 AUD
30/0s/2019 rNR
14106/2019 rNR
20106/20t9 usD
1sl06/2019 rNR
0610712019 rNR
t8107/2019 USD
25107/2079|NR
3ol07l2019 rNR
24/0812079 USD
16/09/2019 rNR
12109/2019 INR
20109/2019 rNR
26/09/20t9 USD
30/09/2019 USD
14110/2019 rNR
23110/2019 INR
Withdrawal Application (WA) lD
WA-63
WA.64
WA.65
Sub Total D
Date of claim Currency
12103/2019 INR
12103/2019 rNR
2sl03/2019 tNR
Fund disbursed by ADB in the current year (A+D)
B. Not Yet Disbursed (under process as at 31 March 2020)
Sub Total - B
1s1s1 g=(A+B)
Funds claimed from ADB in earlier years and disbursed in the current year
Amount (lNR)
9,2s7,000
24,629,000
72,877,000
470,236
9,257
24,629
12
516,999
2,868
9,257
24,629
12,877
514,131
&/chrerFroiectTffilwt"
"'J?ffi#S.mYtumhs&1B[ubcBhdtan' t
9 For€itn axchant€ fluctuatlon
disbu6ement reco.d. of AAA0), on..count of foreign currency uanslation.
10 Reconclll.tlon b.tw€.n th..mount3 re.lv€d by ApDCL.nd .cknowlcdg.d by AOB through tFlS
ilithdr.w:l Applic.tion (WA) lo\mount rrcclved ln INR a5
NR Jso/auo
Uara8c
rtc
rot.l Equiv.l.
NR
wa-53
WA.67
wA-80
9,257,000
24,629,0m
!2,477,W13,105,m
10,462,000
17,351,m
10,034,m
1,071,m
L191,m13,093,m
86,796,m
6,728,m24,714,W
25,230,m
18,308,m
7,928,m72,50S,m
20,654,000
51,306,m
8,269,m9,707,m
15,853,000
12,656,m
40,124,m1,535,m
o2/o412019
LOlo4l2Or9
03/0s/2019
1s/0s/2019
tolo6/2019
to/o612019
B/0612019
!a/o5/2019
11 /o6/20ta02lo7 /2019
02/o7 12019
toloT /2019
26lO7l2Ot9
t2/o8/2O!9
t610812019
20lO8/2O19
06109120t9
B/r0120L9
101o9/2019
t!/1o/2019
t7 l10/201921/1O/2OL9
08/tu?ots
9,256,664
24,624,424
12,477,41O
13,104,658
10,462,140
17,350,681
10,034,398
1,07r,114
13,092,502
86,795,613
24,714,t56
26,230,167
i,izi,sit72,504,699
51,305,576
8,269,332
9,707,246
40,124,473
25,82:
97,575.6:
258,3m.6:
286,502.21
222,145_31
777,136.3,
47.8133
69.@01
71.1070
71.9455
70 8299
7 | 3796
1,234,474
6,732,731
18,365,984
20,619,738.58
15,7 37,366
12,645,351
33(
tlt.41(
34i
-14(
,39t
,11r
562.121
491
12)
.15(
,16;
-58,98r
431
30:
44,26',.
42t
-33:
-28(
115,63r
10,64!
-41:
51 @,99?,161 LO67,U' 75,337,04! 669,54t
11 lnvertm€nt O5t
Nole : Iquipment Cost includes trection and ln*allation works.
12 Liabilily on account of Retention Money is du€ to the tollowing conractors as at the year end
13 Dat! otAuthorirataon
TheseprojedfinancialstatementshavebeenauthorizedforissuebytheCGM(F&A) ofAPDCIon 20.11.2020
&_.Chref Proiecn Manager
- . -.Pronct lnrtsm6ntdtion Unit (ElP)
nsud Porpi Dlsributbn Cornpary t'to
B[ulce Bhawan, Guu$r&l
ADB GOVERNMENT TOTAT
:urent Y..r lPrcvioue Yeer I Cu- YG.r lPr.vlou5 Yel Cutr Ycar lPr.viou' Year I cumul.tive
Civil workr
tquipmentr {See not€ b€low)
Proied lmplementrtion Conrultants
Tar€i & outiat
bnd .nd Preperetory Work
467,358 1,956,583 2,433,951
2,46A 70,547 73,515
5029 0 502:
0(o(
189,799 108558 29835;
0 8518 851t
1264 184 144{
5,429 5,029
467,368 1,966,583 2,433,951
2,868 70,647 73,515
149,799 108,558 298,357
, 8,518 8,518
1,264 184 !,44E
66O328 2,154490 2,820,818
MA Neecon Power & lnrra
M/s Ne€con Power & lnfre ltd [[ot 2]
M/s Neecon Power & lnfra Ltd !-ot 3l
M/r winpow€r lnfriT&T Proi€ds l-imited
T€sla Tranaforma15 [imited
9 Foraltn dchrnta fluctu.tlon
disbursement records ofAMD), on account offoreign currency translation.
10 R6onclll.tlon bdw..n th! amounts re.tv.d by APDCL.nd .cknowtcdt.d by ADB throuSh LF|S
11 Invastmant Cort
Note r Equipment Cost includes Erection and tnstaltation works.
12 Liabil[y on account of Retentioo Money is due to the fottowing contr.ctors as at the year €nd
in INR'000
dtat8a8i88iattx$flfllM/s Neecon Power & lnira Lld ltot 1l
M/s Neecon Power & lnfra Ltd ILot 2l
M/s Neecon Power & lnfra Ltd lLot 3l
tvl/5 Winpower lnfra
T&T Projects Limit€d
T€sla Transtormers Limited
8,509
11,118
L3.243
13,105
23,246
8,509
11,118
13,243
25,747
68,@
13 D.t. orAuthorirtlon
Thes€ projed financial statements have been authorized for issue by the CGM(F&A) of ApDCL on 20.11.2020
Chlef ProFct ManegrPq,cl lnplementdtion Unit (EAPI
A$sm Pwrr CIctrtbution Company Lttl
Bliuhc Bhrtan, Gu*ahatl'l
9,256,664
24,528,824
12,877,4t0
10,452,140
17,350,681
10,034,398
1,071,114
13,092,502
46,795,673
24,7 L4,156
26,230,t57
12,5M,699
s1,305/576
&269,332
9t7O7,26
fi,124,473
25,82
97,575.6
286,602.
222,!A5.
tl1,156.3
ADB GOVERNMENT
I cumulativ€ Curr€nlY.ar lPrrviousY.l Cumul.tiv. :urrent Y..r I Pr.vious Ylar I Cumul.tiv€
:ivil works
:quipments lSee note below)
toject lmpl€mentation Consultents
Tarer & outies
-end and Preparetory Worl)roject M.nagement and ConstructionSupervision
467,368 1,966,583 2,413,951
2,868 70,641 73,StS
5029 0 5021
0(0(
149,199 108558 29835;
0 8s18 8511
tz64 184 7441
5,029 - 5,029
467,358 1,966,583 2,433,951
2,868 70,641 73,515
189,799 108,558 298,357
. 8,518 8,518
1,264 184 7,44a
470,235 2,O37,2N 2,507,466 195.092 !17_250 313.3s2 566328 2,154,490
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