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Financial Management and Analysis of Projects : 5. Reporting and Auditing : 5.3. Financial Reporting
5.3.8. Supplementary Financial Statements
5.3.8.1.
ADB will normally specify the form and content of supplementary
financial statements to be attached to the standard annual financial
statements, but borrowers should include all information that is
considered informative and appropriate to illustrate the performance
of project implementation and operation. The following are examples
of information that may be requested by ADB:
- A detailed summary of the fixed assets of an entity distinguishing
between assets in service and construction work in progress, and
accounting for changes during the year, the basis for their valuation
(and revaluation, where applied), and related accumulated depreciation,
including an explanation of the methods and rates of depreciation
(frequently required for public utilities).
- A summary of long-term debts, including lenders, terms, amounts
outstanding showing subborrowers repayment history, amounts still
to be disbursed showing currencies of repayment, and noting the
extent to which any of the entity's assets have been pledged (frequently
required for financial institutions).
- A summary of accounts receivable and accounts payable in terms of
their age, showing differences in accounts outstanding for government
and nongovernment parties (frequently required where agencies
of governments do not meet their commitments to public utilities).
- A summary showing major categories of inventory and the basis of
their valuation.
- For financial institutions, a summary of subborrowers' accounts showing
the short-term and long-term positions, with an explicit statement
on provisions for losses (bad and doubtful debts), their methods
of computation, and the adequacy of securities.
- Information on costs of sales, labor costs, and other important items in the
Income Statement.
- Comparators and performance indicators showing the methods of calculation
and tracking record from start-up of the project or such other
date as shall be agreed with ADB.
- An analysis of any asset and debt revaluation, method used, and the
effect on the entity's financial position.
- A statement of budget allocations and actual expenses to date.
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5.3.7. Annual Financial Statements for Revenue-Earning Projects and EAs | Next
5.3.9. Designing Financial Reports for Revenue-Earning Projects |
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