Audited Project Financial Statements
Project Number: 49021-002 and 49021-004 Loan Number: 3613 and 3827 Period covered: 1 January 2020 –31 December 2020 Part 2
People’s Republic of China: Heilongjiang Green Urban and Economic Revitalization Project
Prepared by Heilongjiang Provincial Government
For the Asian Development Bank Date accepted by ADB: 23 July 2021
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 Heilongjiang Provincial Government.
3.~~tlt".illdm IRfl{Jitliili i!iHifi L;J,&cp ,J,1e .illd11:tiffi:Key infrastructure and small- and medium-sized enterprises - - - - - facilities in non-coal industrial parks in project citfos - - - constructed
3.1 ~~ itoC/i, ~ ~ti~~, j!gj~~Hsziildm-~i111li9:nfU□ ¥JJ.JiJ~rp11':Jbfr.Jtt.f~nfff Hegang industrial park (green - - - - food, green energy, and high-tech)- infrastructure and - - - - multifunctional SME support facilities 3.2 2'"~t!!.i';':;W~:fim~'i5":t,H-t&~-rifli* I~lm- ~11<1 Hegang Luobei County industrial park (high-tech - - - - - graphite-based materials and e-mobility)- WWTP and - - - treated wastewater reuse pipe 4.t11),iUf *l;f.tJlll}jll)o]f1~U ~Jf±;'H;tif"- Remediation and environmental cleanup from mining impacts in project ------cities improved 4.1 ~.;li;:ff:i;tf1j:!r/H11Lld~!! Remediation of open pit ------mine and wasterock dumpsite - 5.ti~ ~-9£.m ).k.1illli9:~lU~%- Integrated urban ------infrastructure and services in project cities improved - - 1 5.1 t~15tnJillifrJ.fil,1n ><:f1t~& J::0 cJt':!'i· c5g_1q, ,Hr fil~~, i~.31:%1,,J,t~ftjiiJ) Integrated river rehabilitation and cleanup from mining and ecosystems-based adaption 15,061 ,983.46 - - - - 15,061,983.46 - - (Shilou River, Qianjin Creek, 1-leli River, and Xiaohcli River) 5.2 !t'tl ~~1t.\'~~fi~~W:~ District heating system - - energy efficiency improvements ------5.3 ill~ft~r:&J.iI. z~:st,¥1Jt§Hr)lilll]HJci'.lli!f Road 160,319.769.45 - 160,319,769.45 rehabilitation, public transport, and NMT improvements - - - - - 6.,tiJ.'2.-l0~Hi'.?h interest and commitment charges 4,692,856.28 - - - - 4,692,856.28 - - 7.-.ftf"('Si:'BJ)lLand acquisition and resettlement ------
8.i.51:i!, %ff¥,f□i,ffi5Design, monitoring, and evaluation 13,909,744.00 - - - - 13,909,744.00 - - 9.~ ~'Bimi~ Contingencies ------I O.Jt{t!!.Other 683.069.55 - - - - 683,069.55 - - =-~® Jixi 38,618,076.91 - - - - 38,618,076.91 - - 1.1'>%:Him~,f ~~j J , t&~~~r~R ~t1 J~~ -rll Capacity for business development services and integrated project ------planning and management developed 15 1.1 ~ § 3kof!Hi/Dt~~itilJJIH~-Consulting services for project management and implementation support and 530,83 1.70 . . . . 530,83 1.70 . . capacity development and training 1.2 cp+::&~l.l(illi :&:JJR Business development services *Jf * - ...... capacity development to SMEs consulting services 1.3 :$'l-f$ftl\'.::frlU~%i.~1URR*Externa l resettlement and social monitoring and external environment monitoring ...... - services 1.4 . . . . - . - - 1.5 J9i§ ~htHJJ}tJl::si:f.f~iliJRi* Project implementation 191.967.29 - . . 191,967.29 - - startup consultant support -
2. rUrsHf'111 '11 ,J,::&~l.ldi~fO!M18i *ill Sustainable small- and medium-sized enterprises investment and access to - - - . . - . - finance in project cities improved 2.1 ------
3.Ul i51::0!H JJoctli iltill ➔l':tJt!:,,',,:~JHtlli(l 3. 1 x~it1Hrr 111 r z ,•,1it4t:1z111:i.ur-g-~.,J- ll & rt!.-=ril'Fr ~ c~im -ill~¥Ml iQnfil.&~1, ,J, -ft~::si:t,h)!:h'filHengshan District ------industrial parJ...(high-tech graphite-based materials and - e-mobility) road infrastructure and SME support facilities 3.2 .x!'/im!K[~ v.lzr.l!Z~1.l<:'ltJ111.&tl~f1JU,Hll:&nfilJi guan District industrial park (non-coal SMEs)-WWTP and - - - - . - . - sewer pipes 4.il~Jf%~.t.(tf;!;a[ii]f~1'2:~lf:f:fWJ l!R Remediation and Environmental Cleanup from Mining Impacts in Project . . ------Cities Improved 14.I lif:fi LU;~!I: : ,J-iffi tlJi'" IRHen gshan District waste rock - dumpsite remediation ------5J*-@-~rn 1J;~W·i&D1!.i.&JJli*Inte grated Urban - - - Infrastructure and Services in Project Cities Improved - - -- - 5 . I ffi tlJ1K ~ ft jiiJijt frl ~ .&"E ~ i& li 16 5.2 •tg LlJIK.@f:t IK~H tlli5!:nffi£1Jr, ~ ~Rfl~cj:i ,C,,f-00~ .¼fi.lrc&iilHengshan District urban regeneration, ------community facilities, and public space improvement 5.3 ffiw IR'.lti~H!i~rL5(ffi:Heng shan District roads 1,926, 116.00 - - - - 1,926,1 16.00 - - improvement 5.4 :tJ&iiHMlEdiHtlli5l:Micf3bJ<. 'm'rxxJ, 1~lklf:m 1.l<®J lt& tl~lil!:) Jixi urban infrastructure-wat er supply pipes, ------wastewater collection, and drainage 5.5 xtiflir!i?:i1.=.J}(r:1l~i:&~ Jixi City No. 3 water - - - - - treatment plant upgrading and expansion - - - 6 . .fiJ,~.lf);~inW interest and commitment charges 3,421,266.1 8 - - - - 3,421,266.18 - - 7.lt ~3i:fl mLand acquisition and resettlement 9,416,957.50 - - - - 9,416,957.50 - - 8. i.5ht, 11ii.fHUWfr1iDesign, monitoring, and evaluation 2 1,635,371.48 - - - - 2 1,635,371.48 - - 9.:fiiJffiJe.m Contingencies ------I0JtfIB Other 1,495,566.76 - - - - 1,495,566.76 - - =, -I:; fl'%)"Q ilaihc 122,934,720.92 - - - - 122,934,720.92 - - IAh'J'.rll'li ~Hf'.&?t jJ' i;.'1£iYJ tt-~ r.wQ J:.lei?J5j t}· JIJlCa pacity for business development services and integrated project ------planning and management developed 1.1 J.!)iEl 3t=nffi.W J3tt.f1t1iu/J6l# Consulting services for project management and implementation support and 588,238.60 - - - - 588,238.60 - - capacity development and training 1.2 ,J,-ff:,IJt.fffj#ff 1,1:JJ!i%- Business development services rr ------capacity development to SM Es consulting services 1.3 ;oHmfJ;IJ;;~:t±~il:l.ilJJJIHrExtemal resettlement and social monitoring and external environment monitoring ------services 1.4.--1::;Ei'r' 0Jr!T''l~~RJl] ;J 17 3. c!5I:i.ff Jv'J §I r!i"1.@iiV I~1:11,~,;: .ill!.!i{' Wl 1¥1 ~mi HtllW:tiisf O~ m Key infrastructure and small- and medium-sized enterprises - - - - - facilities in non-coal industrial parks in project cities - - - constructed 3. I i-J~1lt ilii F ~IJdzgf8: ¥ litllW: nffi I~& iffi.ill!. j: M'=i.9:nfilI ~ Qitaihe industrial park (green food and pharmaceutical ------bio-fermentation)-roa d infrastructure and SME support - - facil ities 4.;!'.MyUf*lf.fJ1)llJnjaJf1l~.!::jJ;f±Jtffi'IIR emediation and environmental cleanup from mining impacts in project ------cities improved ~. I -lil'f8: f~~,f;f1 }f ~ f1~S[ Mining remediation and ------environmental rehabilitation - - 5.i&-:!fT.!ii§ rJit:ta-:!Jitrti)f1i~li&tiUntt!H~ Integrated Urban - - - - - Infrastructure and Services in Project Cities Improved - - - 5. 1 t&~*~•r~mr&m&m*ff~*•~r~ Qitaihc WTPs upgrading and water supply distribution 26,213,879.55 - - - - 26,213,879.55 - - system replacement and expansion 5.2 1-t!,iJ1$03(]HJt Sustainable and clean fuel public 68,380,000.00 - 68,380,000.00 - - transport improvements - - - 6 ..flJ.12.fll~lff :6'1 i nterest and commitment charges 1,884,082.79 - - - - 1,884,082.79 - - 7Jt~~ :Q'.mL and acquisition and resettlement I 1,395,668.80 - - - - 11,395,668.80 - - 8. ~it-, llaFi.fOi'f'fi5Des ign, monitoring, and evaluation 7,130,442.13 - - - - 7,130,442.13 - - 9.~nJffi.W..i~ Contingencies ------IO.Jtftl!. O ther 7,126,407.99 - - - - 7, [26,407.99 - - Im, )(J~w Shuangyashan 380,742,195. 15 - - - - 380,742,J95. 15 - - I JR::rl ·1YJ-%-:Jl .b(~ t,, l& ~tJJ;i;-X.!J1§ ~i 1JEi ~Ji Capacity for business development services and integrated project ------planning and management developed 1.1 ~ fl '.:ktIBHlJJJi::t-f~uilRigs.. Cons ulting services for project management and implementation support and 586,752.93 - - - - 586,752.93 - - capacity development and train ing I .2 i:p ,J-.ft:.ill!. ifli 1.,Jf ~Rf1~ Business development services - - - capacity development to SM Es consu lting services - - - - - 1.3 jf-£-13~~~IH~%ii9) 1JRO£*Ex ternal resettlement and social monitoring and external environment monitoring ------services 18 1.4 ------1.5 Jjj! 13~OOi1!Hlll3tr,i:§-nUfli* Project implementation 274,671.84 - - - 274,671.84 - - startup consultant support - 12.i:iJr-j~'fi1 "P 1 1':1:'l:~N:iHll/M!~HlillSustainable small- and medium-sized enterprises investment and access to ------finance in project cities improved 2.1 ------3. t-~~ lJi f-:lrl'i i.@jlt ~lo~r" \fr~ ~Hn* W!£ filfli9:ME .flJ ~ tJc Key infrastructure and small- and medium-sized enterprises --- - - facil ities in non-coal industrial parks in project cities - - - constructed 3.1 ~ '11~1lJ rl'i~i1f tt*:Jf '.&IB: rp iIM~ \3'L r"~v. Im IK -~ litilt1U tE.&r:p ,j , iE:~3t r,i:i9:MfiShuangyashan business park (non-coal SME and PRC-Russia business and trading 28,160,840.70 -- - - 28,160,840.70 - - park)- road and utility infrastructure and SME support facilities 4.f.M~ :If %:J:f-.ljH;lJul'111:t:!r-½l.f .!Jlh't J1Il Remediation and environmental cleanup from mining impacts in project ------cities improved 4. 1 ff:fidd~U : ,j,(IIj LIJ1tlK Wasterock dumpsite - - - - remediation: Xiaoxishan mine - - - - 5.i:5(i'f r;! Fl rtf t;;~~.JJilGrh¥ 11tlli9:»fu.fOB~* Int egrated Urban - - - - lnfrastructure and Services in Project Cities Improved - - - - 5.1 Jfiin M~~liUJElitlJtin@ ( {)t7)C ¥5;J ~, rmg tr-II~ t.¥.fD figtJ un;l: 11,614,467.57 412,090.46 3,307,025.95 4 12,090.46 3,307,025.95 Project management support and capacity development 5, f!J.\;].,fn1~u;jWinte rest and commitment charges 14,250,571.16 905,09 1.9 1 7,263,362.58 2,0 I0,458.05 16,133,925.86 6 , ~ )l]~~F Advance Account - 20,000,000.00 160,500,000.00 20,000,000.00 160,500,000 .00 ,I!). ~t Total 264,3 17,439.00 28,240,593.98 226,630,766.70 40,541 ,385.64 325,344,619.77 2020 ~ 12 J3 3 I B1Uf.©:jc7[~ 8.0:?5 ~5G?C$ 6.5249 20 ( izg ) -½ }fJ ~? ~ * iv. Special Account Statement -tro~ f1 jl* SPECIAL ACCOUNT STATEMENT * Wl f<; .i. 2020 11=- 12 A 31 8 (For the period ended December 31, 2020) ~§~~=~~*£•tt~~~.:ita~**~~~fil~~ttfil~~~*~§ Project Name: Heilongjiang Green Urban and Economic Revitalization Project financed by the Asian Development Bank ~~%: 3613-PRC Loan No. 3613-PRC ~ ffl.. $ fft: ~ .:it :u.1' M~ff Prepared by: The Finance Department ofHeilongjiang Province *fWff~*= •~~Wfftt~~ffi0~ Depository Bank: Harbin Bank .AA_% : 180 I 000000292287 AccouruNo.: 1801000000292287 ~rfi#~: ~.:it Currency: USO A llH}: ;;jl;WJ9,EfJ ~ f' •llc!i:mi£ ~ ~ Pan A-Account Activity for the Current Penod Amount 20,879,281-64 llllfll~i'il Beginning Balance lfl !JO: Add: ;jqgJli -tr f1iH ~ -~ ~ Total Amount DePositcd this Period b) ADB ;;jl;M~Q&AA~c#A9ffi~P$~> 820,539 84 Total lnteres1 Earned this Period if Deposned m Special Account *IVJ,f,{l-M't :!i.111 ~➔if.~-~ Toial Amount Refunded 1his Period to Cover lnehg1ble Expenditures (!£:'.]>, Deduct: ;j;:JV)j:{-t.~!i;j 20,000,000.00 Total Amount Wi1hdrawn 1his Period *IUJ *tHIH£ x. f1 j\ji '11 O'~ Jlll ,l- ~H. I11 Total Service Charges this Period 1f n01 Included m Abo,e Amount Wnhdra.-n JU!;!<:~°®! 1,699,821.48 Ending Balance ( Fc ~To be continued) 21 B ti!!~, ~/'IHl!IU"i.fl ii ~ ~ Part 8 -Account Reconciliation Amount I .Il'.tr s~lH,,.S\ll 20,000,000.00 Amount Advanced by ADB ~1>: . Deduct: 2 ~ ~ 1f tit mrr @ i&: -~- lu! 20,000,000.00 Total Amount Recovered by ADB 3. *WI 1111 ,+,: -v ill"' f' ti" IX~ :I; IJt ii Outstanding Amount Advanced to the Special Account at the End of this 20,000,000 00 Period 4, -vffill!Ef' WI~~~ 1,699,821.48 Ending Balance of Special Account mna, . Add s. ml ~ ;.fc Wl WJ;!s c. ~1 ifHIH!IH!Ul(i,l-rn 1~ ~ llm Amount Claimed but not \ ct Credned at the End of this Period Ej:liff~\} ;?t~ Appllcauon No. Amount . . 6. ~ ~ * jlJ] Jlll * C .:ld-t ili 1i'O ,I< FIJ 1iH!O'!t ~ ~ . Amount Withdrawn but not yet Claimed at the End of this Pcnod 7 Jll~!'HHf-~:il ~1>: . Deduct. s. :¥1J.fJ.i&A rn At-ill ti!IE,,. f!ll,r > 1,699,866.48 Interest Earned (If Included m Special Account) 9 * JlllJlll*-v Ill~f' 1'i ,j,: 1Ht 11t ~ 0.00 Total Advance 10 the Special Account Accounted for at the End of this Period 22 ¾ }fl J!K: ? SPECIAL ACCOUNT *STATEMENT * ,,J..iitJ~i: 2020 ~ 12 A 31 8 (For the period ended December 31, 2020) ~§~~ = ~~*£•n~a•jt,a~•••~~~~~#~£~~-~§ Project Name: Heilongjiang Green Urban and Economic Revitalization Project financed by the Asian Development Bank :!if' a%: 36 I 3-PRC Loan No. 3613-PRC mffl.$ft: g}t.a~Mt!Of Prepared by: The Finance Department ofHeilongjiang Province *IWff~•: •~•Wfitt~•~~~ Depository Bank: Harbin Bank JDl A ffll'lt: * JUJ-1j-ffl ll:f' ~~ .:liti'/ 1)1. ~ i;i Part A-Account Ac11v11y for che Current Pcnod Amounl W!VJ~Wi Beginntng Balance JC)tm: - Add: ;;j.WJ~IT@~~-~-li1,J 23,204.620.31 Total Amount Deposited ch,s Penod by ADB 4MRA~AA~ <~A~m~P$9J 1,146.75 Total Interest Earned elm Period 1f Deposited in Special Account ir,; Wl :.f-0- ~ j( :.1:1 \lohf: .(;HJi! - Toca! Amount Refunded this Penod 10 Co,er lneh11.1ble Expend11ures M~, Deduce 4'M3d-:t.\:1.Wf 3,204,620.31 Total Amoum Withdrawn this Penod *M ,Ii: i!HIHdt t-t~ 'f' rt-J ll':HH'lUc. :-H Total Service Charges chis Period 1fno1 Included in Above Amount W11hdm,n llll31 23 B6Ht: -v ffl !lit r' j'fi', ~ liji Pnrt B-Account Rcconcillauon Amount I ~rr 11 IX 1-f i\: .~ ~ 20,000,000.00 Amount Advanced b) AOB ll«~: Deduct. 2 jEJ/)iff~fflff @~-~~ Total Amount Recovered by AOB 3 ;t. Ill! AA *~.Ill Jac r' Tel" 1.Htt.t /11 ~ 20,000,000.00 Outstanding Amount Advanced to the Spec,al Account at the End of this Period 4. 'tfalH!IE P Wl ;f<: ~ flyj 20.001,146.75 End mg Balance of Special Accoum ~/JD: Add: - 5. 11.¥ ;t. llfl llll * e rp iW l!Hi ©. ~ *@m ~ -g Amount Claimed but not yet Credned at the End of this Period - ~1iff$-li} ~g Applicauon No Amount - 6 ~~*Wl!Vl;f;;c'.:tNffi1',\j* >/3iJH!iillc~lt1;! - Amoum Withdrawn but not yet Claimed at the End of this Period 1. /ll.MRJ(itxtll ~:'.!,': Deduce 8. -l'tl .Q,ql()\ 9 ;ti: Wl JIii ../< 'w fl WIU'' ~ i;.: ?H,1; n, ~]l 20,000,000 00 Total Advance 10 the Special Accounl Accounced for ac the End of this Pe nod 24 1. ~§tt~ ~~*£*ff~--~~~~**•~~~~*#~£M~*~§ Cl) T' ~ lt*J9i § :BX JgJ: § ) ~ ~ % JJ 3613-PRC, JgJ: § JJ 11(tiJ §' ;(f ~Mtt ~L -l g- Y~ • .xx. f% w . ;.t W C l) T' t~ lt" im 11 ~ " ) £ MJt ~ ~ -:t ;f Jl ~~AJt , ~ ~ If 1J, ¾ ~ t -11- JJ , 1WPA irL 155 LR i~ Jl . f.f ~ ~ ~~~if ~ f~ ff! , #-~I * 00 ~½Mffl~~*~JgJ:§~~T~~~. f.J1t~~~~~rr#ffi£M~~~ •~- ~ ~ ~-~•~ - ~•r~~~~~~•~ . ~¾~•• ~coo~ rJl * -f :iliJt~X # ffi it ~ ~ * -f i: *if,k ~ ¥"- ffl° ~ ~ J\!. )) e9 j: ~ ¥"- #} o J9i § ~ ~#Jt.f- 2018 !if 5 fJ 21 B ~iT , 2018 !if 9 fJ 4 B 1.3 J1 3 1 B , !ij- !if 5 fl l B .R 11 fl I B f.J if 4'-1·L~- B o JgJ:§~M•~-~w. ~~~- .xx.~wim+J9i§* , #~~+Fili : c1 ) ~ fl- ~ ~ * £ ~ .h , eJc ~ ~ ,g-- ~ § tl ~1J ~ If ~ ; c2 ) ~ M= ~ ,ti cp I J, ¾ ~ ~ ~ 5ftl ii~~ it: C3 ) ~ ~ ~ El *~ * ~~ 11 F ~ # ffi ~ *~ £-PIB i~ ~ 5flJ i ~JE ; ( 4 ) ;It*** If Jjt IJ Pjti] 1!i ~ ~ 1f Ji~ Jl ; ( 5 ) ~ ~ ~ § rr ~ %~rr £ itlli.i~5foA!l~o ~ § it ~lj,~. ft ~ 4 5. 71 1l JG A ~ $ C;i=t ~ 7} WG .i: :i! /JP 1#- ~ J9i § ) , ;i=t If ~ff~~ 3.I 1l~ic, tfr,g- 21.39 1lJGA ~ $ , §c-t- 24.32 1lJGA ~ $ o 2020 if ~ffX $ ftp #t~f.J ~JG , #~5[ $ ~X11 -g~ 71'- JJ l ~ic=l .1682 ~JG , *.:t 1-t -g~ 7J\. # ~ 1[ $ f.J 1 ~ iG = 1.17315 ~ ic , # t~ )§- , Jffi: § ~ ~ t§i jg Fib - 264,317,439.00 '7"--JG 0 2.4tl*~~J ~ ~ 2020 !if Lt L l~- t!l * ~ M• i~L ;~ W. -I: ~ 5~ . 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Jffi: § f~1t4t~ P•tt~~~i&A-~~*•~~-0 4.9 3E IT if it( ~ ~ 2020 i¥- *~it 3E. ft JJt' J!J.. 40,541,385.64 ~JG , tFf- ½ A ~ rf5 325,344,619.77 ft, c5 Jyf § ~~,~-~if-) 15.3% 0 Jt tp ± }t .I {I~ wl., - -ti::::. k,. l l=2.. ;:+:; - I- ' ' ~ ~b AA 0/ 15,516,735.58 19\.JG , ~I □ /\.~ 1 14 124,521 ,8 03.03 JG , t:J~~.!Rff/..1:J'J* 9.3 ;10 , ~-i-~JJ1J 2,602,101.55 ~JG , tFJ-½A~l 20,881,864.93 ft , c5~~J]1J:f;t~ if-J 11.0%, ~§~JI~ =M= 5ftJ t~ ;fJ ;t ~ 412,090.46 ~JG , =tn- ½A~ rf5 3,3O1,O2s.9s JC , c5 ~ ~ JJtl ~ ffiX if-1 3.s%. 3E fr 1#' ffi,X. -tu ,~- JJ.. * -11 • 2,010,458.05 ~ft. ffe½A~l 16,133,925.86 ft, c5~~1#'ffiX~ 14. l o/oo r~1t-t-J!&P 20,000,000.00 ~ft. :ifr,g- A~ rf5 16O,soo,OOO.OO JCo 4.10 We*~¾ *~ rJie.1f ~-i: j1J1ft %-it A ~ rf5 419,439,704.86 ft , Jt t:f Jc 1~ re* A Ri rf5 414,439,704.86 ft, ;}t~~c*A~ r=p s,OOO,OOO.OO 0 JyI § 1-t~1Jfir.*~4t ,~-f§iA Ri rf5 2,431,852,346.37 ft, ~~ 2020 ii=- 12 }] 31 B ~ it J1J1ftre*A ~ rf5 868,623,343.43 JG , c5 it ~,J ~ 35.72 % , ;}t i:p 3c 1f re* A ~ rf5 791,031,843.43 ft , 131~rlii3,*A~rf5 72,591 ,soo.oo ic , ;}t~PE*A~r!5 5,000,000.000 4.11 J:iJi § 1ft *¾ ~ J:iJi § 1ft *¾~ 2020 ~ 12 fJ 31 B ~~Ji A ~ rfJ o JG o 28 4.13 ffift-i-~? i}t~ fYi 1t ~ ~? -f- 2018 ~ @ 1' 91-t ik ff;(£~ 1Jz *it rr ~ 17} ~ ~R ◊ :gJ * iL , ~% 1801000000292287 , 2018 -1¥- 12 JJ 12 El tt;xt¾ffX 20,000,000 ~JG, mr t~ ~ ~ ~ ,~ wrij r1r *m :i! JJJ ~ ffX ff-J m1-- -½ ~ ~ ff-J ~ J!lt o 2 02 o ii=- tf1 r ~~ ~ rf5 #~, 2020 5¥- 9 JJ 23 El ¥I-~~? :%iyt tf if-.J ~ ffX t~ 0\. 15,174,303.94 ~jc~Jf3E{r, ~*:%$J 1,699,821.48 ~Jt: , .n5¥L~-~A 1,699,866.48 ~ jc~F,,tf~f 45 ~Jt:~:%-iJo ~a~ffi#~~ . ~M~ff;(£~~~~-rr•17r~~◊~*~1~jcffi 1-t~~p , 3613 J;t~J!tt% 1801000001292287-01, 1¥-*:%• 20,001,146.75 ~.ic . 5ttr3E-rr~~ 2000 E~Jt: , {U,~-41zA 1,146.75 ~Jt:o s. Jt itJ,Afl *iJt ~ * ~ ~§~~f~*tf~TT~~M*~~M~~z&~~§*~*t~ ~*M£~a&~-~~~ffM~*A~rf5*M•-~~-•~~-f-~ Jt tfit ~ it ffe. if-) 0 29 v. Notes to the Financial Statements Notes to the Financial Statements 1. Project overview The Loan Number 3613-PRC: Heilongjiang Green Urban and Economic Revitalization Project financed by the ADB (hereinafter referred to as "the Project,,). The implementation of the project aims to ease the situation of insufficient financing of Hegang, Qitaihe, Shuangyashan and Jixi (hereinafter referred to as the "four project cities") development, enhance the competitiveness of small and medium-sized enterprises, address the issues of remediation of subsidence areas, environmental and ecological protection. The Project will introduce advanced project management concept of international financial institutions and provide successful examples and cases of transition of coal resource cities which are operable, referenceable, replicable and popularized. It will also help to implement the important initiative of the State Council '..s' Opinion on the Recent Supporting Major Policies and Measures to Revitalize the Northeast. The Loan Agreement was signed on 21 May 2018 with the loan amount of USD 310 million and became effective on 4 September 2018. The currency of the loan was US dollars. The term of the loan is 25 years with a grace period of 5 years. The loan closing date is 31 August 2023 and the loan repayment dates are 1st of May and 1st of November. The project includes four cities, namely Hegang, Jixi, Qitaihe and Shuangyashan, with 5 outputs: (i) Capacity for business development services and integrated project planning and management developed; (ii) Sustainable investment in small and medium-sized enterprises and access to finance in project cities improved; (iii) Key infrastructure and facilities for small and medium-sized enterprises in non-coal industrial parks in project cities constructed ; (iv) Remediation and environmental cleanup from mining impacts in project cities improved; and (v) Integrated urban infrastructure and services in project cities improved. The total investment of the project under this loan is RMB 4.571 billion yuan (the rest will be allocated to the Additional Financing subprojects), of which the ADB loan is USD 310 million, equivalent to RMB 2.139 billion yuan, and counterpart funds are RMB 2.432 billion yuan. In 2020, the loan currency was converted to Euro with the conversion rate of the disbursed pait at EUR 1= USD 1.1682, and the conversion rate of the undisbursed part at EUR 1= USD 1.17315. After the conversion, the loan amount of the project is EUR 30 264,317,439.00. 2. Scope of the Financial Statements The scope of the financial statements of 2020 covers the financial statements of the four project cities of Hegang, Jixi, Qitaihe, and Shuangyashan, as well as the Advance Account established at the Heilongjiang Provincial Department of Finance. The following is the scope of the four project cities. The consolidated financial statements of Hegang sub-project cover Hegang Water Affairs Bureau, Traffic Police Branch of Hegang Municipal Public Security Bureau, Luobei County Liyun Investment and Development Company, Hegang City Administration and Comprehensive Enforcement Bureau; as well as the municipal level adjustment statements prepared according to the debt allocation by Heilongjiang Provincial Department of Finance, the preliminary expense details provided by Hegang Development and Reform Commission, and the investment completed on Gongnong Road and Zhanqian road provided by Hegang City Shanty Town Redevelopment Office. The consolidated scope of Jixi sub-project covers the financial statements of Jixi Municipal Water Supply Company, Administrative Committee of Jiguan Private Enterprise Scientific and Technological Enterprises Demonstration Park, Hengshan District Graphite Industrial Park Management Office, Jixi City Hengshan District Culture, Broadcasting and Tourist Bureau, Jixi Municipal Facilities Maintenance Center (formerly Jixi Chengtong Municipal Engineering Company), Hengshan District Construction Bureau of Jixi Municipality, as well as the municipal adjustment statements prepared according to the debt allocation of Heilongjiang Provincial Department of Finance. The consolidated scope of Qitaihe sub-project covers the financial statements of Qitaihe Public Transportation Company, Qitaihe Water Affairs and Water Supply Company, Qitaihe Jinhe Investment Development Co. Ltd, as well as the municipal adjustment statements prepared according to the debt allocation of Heilongjiang Provincial Depai1ment of Finance. The consolidated scope of Shuangyashan sub-project covers the financial statement of Construction Office of the reconstruction and expansion project of the national Jixian-Dangbi highway from Shuangyashan to Baotong section , the Management Committee of Shuangyashan Economic and Technological Development Zone, Shuangyashan Municipal Facilities 31 Maintenance Center, Shuangyashan Municipal Water Supply Company, as well as the municipal level adjustment report prepared according to the preliminary expenses of the project and the debt allocation of Heilongjiang Provincial Department of Finance. 3. Accounting Policies 3.1 According to the Circular of the Ministry of Finance on Unifying the Accounting Methods for Loan Projects of the ADE (Caiguoji [2005] No.6), the financial statements of the project were prepared according to the requirements of the Accounting Methods for World Bank Financed Projects (Caijizi [2000] No.13). 3 .2 In accounting practice, the Gregorian calendar year is adopted as the fiscal year from January 1 to December 31. 3 .3 The accrual basis and the debit/credit double-entry bookkeeping method are adopted. The Chinese Yuan (RMB) is used as the recording currency of bookkeeping. 3 .4 The exchange rate used in the financial statements was the exchange rate on 31 December 2020 of the People's Bank of China, which were EUR.I = RMB8.025 and USD I= RMB6.5249. 4. Explanation of Subjects 4.1 Total Project expenditures From January 1 to December 31, 2020, the project expenditure is RMB 175,968,777.14 yuan, and the cumulative expenditure is RMB 737,880,978.17 yuan, accounting for 16.14% of the total estimated project cost. 4.2 Cash and Bank As of 31 December 2020, the balance of cash in bank was RMB 449,544,422.86 yuan, of which RMB 171,600,367.84 yuan was the deposit balance of the Advance Account for the project prepayment. Others were the counterpart funds received by the project implementation units (PIUs). 4.3 Prepaid and Receivable The balance as of 31 December 2020 was RMB 136,660,082.96 yuan, mainly for the Qitaihe Water Affairs and Water Supply Company with the advance 32 payment of RMB 125,749,986.12 yuan, Jixi Municipal Water Supply Company with the advance payment of RMB 4,928,362.03 yuan, Jixi Municipal Facilities Maintenance Center with the advance payment of RMB 2,249,067.27 yuan, the Shuangyashan Sino Russian Business Park with the advance payment of RMB 2,758,219.32 yuan and Xinxing avenue overpass with the advance payment of RMB 965,248.22 yuan. 4.4 Fixed Assets Null. 4.5 Project Funds Appropriated The balance as of 31 December 2020 was RMB791,031,843.43 yuan, which mainly includes the project counterpart fund of each subproject and the early stage allocation of advance payment for the project by each municipal DRCs and other departments. 4.6 Project Loan The balance as of 31 December 2020 was RMB 402,936,119.77 yuan, among which, the ADB loan was EUR 40,541,385.64, equivalent to RMB 325,344,619.77 yuan, and domestic loan of RMB 77,591,500.00 yuan. 4.7 Payable The balance as of 31 December 2020 was RMB 119,017,152.95 yuan, of which RMB 21,508,592.81 yuan was payable for Hegang subproject, RMB 2,011,111.29 yuan was payable for Jixi subproject, RMB 39,607,800.00 yuan was payable for Qitaihe subproject, and RMB 55,889,648.85 yuan was payable for Shuangyashan subproject. 4.8 Retain ed Earnings The balance as of31 December 2020 was RMB 11,100,367.84 yuan, which mainly was the interest income less charges from the Advance Account. 4.9 ADB loan As of the end of December 2020, the cumulative withdrawal amount from the ADB was EUR 40,541,385.64, equivalent to RMB 325,344,619.77 yuan, accounting for 15.3% of the total loan amount, among which the withdrawal 33 for civil works was EUR l 5,516,735.58, equivalent to RMB 124,521 ,803.03 yuan, accounting fo r 9.3% of the allocated amount for the category; the withdrawal for goods was EUR 2,602,101.55, equivalent to RMB 20,881,864.93 yuan, accounting for 11.0% of the allocated amount for the category; Project Management Support and Capacity Building were EUR 412,090.46, equivalent to RMB 3,307,025.95 yuan, accounting for 3.5% of the allocated amount for the category, The ADB loan interest and commitment fees were EUR 2,010,458.05, equivalent to RMB 16,133,925.86 yuan, accounting for 14.1 % of the allocated amount for the category. The amount of the Advance Account was EUR 20 million, equivalent to RMB 160,500,000.00 yuan. 4.10 Counterpart Financing The total amount of counterpart funds in place this year was RMB 419,439,704.86 yuan, including RMB 414,439,704.86 yuan grant and RMB 5,000,000.00 yuan from other counterpart funds. The total planned counterpart funds are RMB 2,43 1,852,346.37 yuan. As of 31 December 2020, the cumulative allocated was RMB 868,623,343.43 yuan, accounting for 35.72% of the total planned amount, among which the counterpart grant funds were RMB 791,031,843.43 yuan, counterpart fu nds with costs were RMB 72,591,500.00 yuan and other counterpart funds were RMB 5,000,000.00 yuan. 4.11 Project Capital and Capital Surplus The balance as of 31 December 2020 was RMB O yuan. 4.12 Total U npaid The balance as of 31 December 2020 was RMB O yuan. 4.13 Advance Account The Advance Account of the Project was opened in Harbin Bank Corporation in 2018, with the account number of 1801000000292287 and USD as the currency. The initial deposit to the Advance Account was USD 20,000,000 on 12 December 2018, used for disbursement of two retroactive financed contracts from Hegang and Shuangyashan. In 2020, due to the currency conversion of the loan, USD 15,174,303.94 in the balance of this account were returned to ADB on 23 September 2020. The balance at the end of the year was USD 1,699,821.48, which was the balance of the interest income of USD 34 1,699,866.48 deducted the charges of USD 45. After the currency conversion of the loan, the Heilongjiang Provincial Department of Finance opened a Euro Advance Account in Harbin Bank Corporation, the account number for the loan 3613-PRC is 1801000001292287-01, and the year-end balance was EUR 20,001,146.75, including the ADB loan of EUR 20 million and interest income of EUR 1,146.75. 5. Other Explanation for the Financial Statements The inconsistencies between the differences of ADB loan beginning and ending numbers reflecting in Balance Sheet and the amount of current period reflecting in Project Progress Sheet and withdrawing amount of current period reflecting in Loan Implementation of Loan Agreement is due to the foreign exchange loss. 35 vi. Balance Sheet ~4t--f-~3& BALANCE SHEET 2020 ~ 12 A 3 I B (As of Dec 3 I, 2020) • §t•=~~*Rmfi~aA~~~~-~-~-~*~fil£M«*•§ Project Name: Heilongj iang Green Urban and Economic Revitalization Project fi nanced by the Asian Development Bank •••tt=-~~~£-~~**l¾ .$.ft: A~$ft Prep are d b1y: H e1·1 ongu ang D eveI opment an d R e ~o rm C omm1ss1on Currenc Unit: RMB Yuan ~f?x Wl11l~ rr».: )Ojfl]t'.{ !1i ~ c1-i Jij l!l);I,~ ~ ~ ~ WJ;j(if. Line Beginning * Line Beginning Application of Fund Ending Balance Sources of Fund Ending Balance No. Balance No Balance - ~R ~tl11'l-i1· - J'.,Ji R ttV:1ht- Total ProJect 1 48,894,910 59 Total Project 28 - 60,416,518 94 Expendnures Appropriation Funds 1. ~Hti!l! Jll li'H'" =· ~HI !i;t;:~Jl.HI $:;f;:~fg Fixed Assets 2 - Proiec1 Cap1tal and 29 -- Transferred Capital Surplus 2. ~~m~i::i~:11 Construction ~'1' tnm11; 3 - 30 -- Expenditures to be Including: Grants Disposed 3. H:.!Hi!l'f =· ~Q!ii~-G-il Investments 4 - 31 - 142,335,829 65 Total Proiect Loan Transferred-out 4. ~HtI~ I ~ B fj !l'f iittl; Construcuon in 5 48,894,910 59 Total ProJeCI 32 . 142,335,829.65 Progress Investment Loan -::. Si&~f"~Qt5t!iff1Ut ( l l llHHIUt Investment Loan 6 . . 33 142,335.829 65 foreign Loan Receivable Jtcp·Si&1:Fif!f!l~ ff !,t~ Jtq, 3Ht Including. ADB 7 . 34 I 42,335,829.65 Including ADS Investment Loan Receivable ::: , itHt ffi klHi !li fUk Appropriation of 8 . . 3S . . Investment Loan :lt.-Ji t!1Ni!f.h'1,Uk Including Appropriation 9 . 36 . . of ADB Investment Loan 36 .fi IX Mill~ rr c\: WlVltl m ~ n m WJ;j_~ l!'i it ~ ltll*tt Linc Beginning Line Beginning Apphcation of Fund Ending Balance Sources of* Fund Ending Balance No. Balance No. Balance PJI, ~M 10 37 . Equipment Jt1':l/H£!:Jllli3t.fffl* (2) llrJ;ittta Including: Equipment 11 . . 38 . . Domestic Loan Losses m Suspense ii , 1JHP lit ~ -fr it 2. Ait!!fil-~ 12 . 153,688,299 77 39 . Total Cash and Bank Other Lo3n 1711, l:t&tt1'~Wfiil';;l: I. ffHt?cf~ 13 . 153,688,299 77 Appropriation of 40 . . Cash in Bank lnvcs1men1 Loan A 'fl:~.AHif; F :i'H~: :P. rt> tl11' ~ lT~ I': Including Special 14 120,381,91 I 05 41 . lncludmg ADB Loan Account 2. ~~ n, ~ ~kf.l#!i ~ 15 42 Cash on Hand Bond Fund ~~ ( To be continued) 37 /\• f~ 1'l' l1li lH: W. r,. • Jj,ft & Iiill£ '1 it * Construction Total Prepaid and 16 . 4,030,354 08 43 . Expenditures 10 be Receivable Offset ;Jt,p :@i&.mr9't~.f1J.f;!. -t:;. B.-liii:~i-1· Including: ADB Loan 17 . 44 . 3,854,304.80 Total Payable Interest Receivable Jtq,·/Elii3F.fi1iUI: mz i& qp_ fr1'H:o1i: mm ADB Loan ~LB 18 . . 45 . . Commitment Fee Including: ADB Receivable Loan Interest Payable llHHY.fi1,'?~ mz i& jf. rrt·t~ !rt :.ii o ~ ~llim m 19 . ADB Loan 46 . AOB Loan Sen ice- Commitment Fee Receivable Fee Pavable SWiF.h-1,t~!l'i~ -t:;. :ffiftitE# ,i, l+l m 20 . 47 Marketable Secunues ADB Loan Service Fee Pa1able }\. ffil)i'. lril"*iJ 21 . }\.. *~».:*it 48 Total Fixed Assets Other Payables ffil Ac !rt 1" f!ltift '1. • 1:to.ttA !!! ~ 22 . Appropna11on of 49 . Fixed Assets. Cost Fund Ji. I:. it1/r1R JiXi&A Less: Accumulated 23 . +. m so 6,911.05 Retained Earnings Deoreciat ion ffil ii! ~ r" Iii ffi 24 . . Fixed Assets, Net ffil ii! !!! r" jjj J!i Fixed Assets Pending 25 . . . Disnosal f.'Hd: lll' ~ ii; !!! 1" m9c Fixed Assets Losses in 26 . . . Susoense !i'bil: .!i l+l 1':-i I· 27 206,613.564 44 !iil'tl:*i!!',iil-il SI . 206,613,564.44 Total Applica11on of Fund Total Sources of Fund 38 vii. Summary of Sources and Uses of Funds by Project Component ~ § * ~ * (-) SUMMARY OF SOURCES AND USES OF FUNDS BY PROJECT COMPONENT I *}IJ] ~ ~ 2020 if- I2 J1 3 I 8 (For the period ended December 31, 2020) ~§~·: I~*£Wfi•a•~~~*--~~M~$~m£•~*~§ Project Name: Heilongjiang Green Urban and Economic Revitalization Project financed by the Asian Development Bank ~M$ft: -~~~£•~~-~!~ ff~$ft: Al~~ Prepared by: Heilongjiang Development and Reform Commission Currency Unit: RMB Yuan ;,f;:WJ ~it Current Period Cumulative ~iHC:1£ *fy.iHJJ~ :;fi:WJ.'t;t't~ *AA:i'i::J£1t iji§.(:?.itt1Jtt ~ it)ti£ ij! bt Cumulativ Current )ear Current period Current period Life of Cumulative e % Budget Actual % completed PAD Actual Completed !i't~*t!i;!-frit Total Sources of 43,640,000.00 202,752,348 5~ 464.60 l ,258,689,053.63 202,752,348.59 16.11 Funds -.@ll-1-£!!'H1l~1;'t:;,; - 142,335.829.65 • 1.034 ,850,000.00 142,335,829.65 13.75 International Financing I. ]Efi ADB . 142,335.829.65 - 1,034,850,000.0C 142,335,829.65 13.75 .=.. fJic ~ ~ ~ Counterpart 43,640,000.00 60,41 6.518 94 138 44 223.839,053.63 60,416,518.94 26.99 Financing (ff - ) L:Ji;ft~:ff Counterpart funds 43.640,000.00 60,4 l 6.518 94 138.44 223,839,053.63 60,416,5 18.94 26.99 without compensation 2.:t:i" ~~.ff Counterpan funds . - - - - with compensation 3.jt; E Other Counterpart funds - - - . . - ffi £.iE.ffl-frit Total Application 43,640,000.00 48.894,910.59 112 04 1,258,689,053.63 48,894,910.59 3.88 of Funds (tli ~ El 113 ~ by Project Component) -, ~~ llegang - 385,647.04 455,585,748.90 385,647.04 0.08 I.M!::fti\"li~ Jf ~~ ;h. c!,( ~~-fr Jm B J;Jl!illE:itl'J.!l! Capacity for - - - - - business development services and 39 integrated project planning and management developed It l'iliF13th~Jtll.tt\r~iluHll~ Consulting services for project managemcnl and implementation - - - - - support and capacity development and traming 1.2 q:, ,J,1£il!ifli *3T· :&HR* Business de,•e\opment services - -- capacity development to SMEs -- consulting services 1.3 5Hll;l$ Li:':~ U~ ]1[1'Ji!N* Extemal resettlement and social - - - - monitoring and external - - environment momtonng services 1.4 - -- - - 1.5 !gjl§l~hHJJUl:!i:~~iluffU· Project implementation startup - - - - - consultant support 2. iiJ t-Hj; itl i:p ,Jv{J> ii! ti ~ ~ ~ ~ mitt Sustainable small- and medium-sized enterprises ------investment and access to finance in project cities improved 2.1 ------3.~~il.r"il!lrrl~8'~!!i6'Jl~~l,:J.& cp ,J,1£il! iQ~: Key infrastructure and small- and medium-sized ------enterprises facil Hies in non -coal industrial parks m project cities constructed 13.1 f:jf!,.,lt,P.,. t.;;!f!!,~i!,y.. jl!1j ffi 14 tt I ii! 151-¥ riW i5t ~ ffi ~ tJJtiE i:p,J,~il!)t~~~ Hegang industrial park (green food, green ------energy, and high-tech)-infrastructurc and multifunctional SME support facilities 3.2 ~:lt.fl.iilifH.tl1111l!l~HU .& it! 1'-il'li~Iil:'.liiJ-1'51}(F Hcgang Luobei Coumy industrial - - - - park (high-tech graphite-based materials and e-mobility)-WWTP and treated wastewater reuse pipe '1.:1:i~tf*J:t.tfUl~~~!l ';;J:tJf illJll! Remediation and - - environmental cleanup from - - mining impacts in project cities 40 improved 4.1 f&~l(tii;~a_tGHi LL ta~ Remediation of open pit mine and - - - - . wasterod. dumpsite s.~*in< rn ~,:llijt~&Hfl * Integrated urban infrastructure and ------services in project cities 1mpr0\ed 5.1 ~~iiiJ.i.i:HaJ/1!, Ii'" IX fJ 1i! & ~~i:.Jltf ( 1=i" fkinJ. 111Jmr~1. iJj }Ij,iJ. ,J,ft1:rri•I) Integrated river rehabilitation and cleanup from - - - . - - mining and ecosystems-based adapuon (Sh1tou River, QianJin Creek, Hcli River, and Xiaoheli River} 5.2 ffl q, {M;!\ ~ tJd~ ::« W~ District heating system energy . . . . . - efficiency improvements 5.3 iUUlf»i&ii, ~£:fllt!Hf 3i'.:il!l ~t1t ~ !/Ji! Road rehabilitation, - - - - - public transport. and NMT improvements 6.l1J.~-~1'Ji;i.'Em interest and - 385,647.04 . 385,647.04 - commitment charges 7.U: ~3'.i:fl ~ Land acquisiuon . - . . - - and resettlement 8.~it, \KH~~ifii!i Design, - . - . - - monitoring, and evaluation 9.,fsP]'f.W~~ Contingencies - . - - IOJt-ftl.i Other - . . . - - =• ~i!!i Jixi I 6,140,000.00 14,802,599.11 91.7 1 175,737,901.15 14,802,599.11 8.42 I l:i\ll·ifli* .lf~~ jJ, i!5(-',l,H/t,-8' J9i fH.U!l Ii 'ii\' El1 Capacity for business development services and - . - - integrated project pl ann111g and management developed LI ~ 13 =!J, !Ull Ji f-\, 1ti iilJJlfHr Cons ulting services for project management and implemen1at1on - -- . - - support and capacity development and training 1.2 'P 1Hrft~~JT-~.lra.~ Business development services - - - capacity development 10 SMEs consulting services 1.3 ~Hllf.J L'i: ifl1 li~ :KU!ifl!l ~ - - - - . . External rese11lemen1 and social 4 1 monitoring and external environment monitoring services 1.4 - - - - u Jijj ~ ~6MT.1 JIJl;HhHtLffl * Project implementation startup - - - - - consultant support 2.0J 1-l'~t'l. q:, ,J, 11': il'.tl!:!i'i tn~ Wt ~ iii Sustainable small- and medium-sized enterprises ------investment and access to finance in project cities improved 2.1 - - - -- 3.iJtijlijj El JJ!tlHIE:ilU~i"'ilHt ~8'1*i1HHJ:i1!:~~~tft Key infrastructure and small- and - - -- - medium-sized cnterpnses facilities in non-coal industrial parks in project cities constructed 3.1 ~t!!i@w!Eliii-i4U:fi~bl.B- tlM& it!. 1·i8i~ Tllldal-iM.~&~ uW~bli.& c/J ,J,1f:il'.3Hh.lHt Hengshan Distract industrial park - - - - - (high-tech graphite-based materials and e-mobihty)-road infrastructure and SME support facilities 3.2 ~it,& 13:T.il'.!rat~:t~J)(~Jll!& fU!c~~~.6' Jiguan District - -- - - industri al park (non-coal SMEs)-WWTP and sewer pipes 4.~~7f-*1FiJt~i11iJ1il~.5JJ;f-#t ii!ill Remedia1ion and Environmental Cleanup from ------Mining Impacts m ProJect C111es Improved 4_1 6f:riw~~' ,J, 1ttu.LJ ir I& Hengshan District waste rock - -- - - dumpsite remediation s tt--C-JfKrti¥~:tiUt&na~ Integrated Urban Infrastructure - - - - and Services in Project Cities Improved s.1 t!i!w!Rt?.-frjnjmi'fi~&':J.:.~ i& if CfilJ'lt llVl , 'tc 5f- rq , ~ i£ iii! > Hengshan District integrated rivers and lake rehabilitation and ------ecosystems-based adaptation (Hongqi Lake, Anle Creek. and Huangni River) 42 5. 2 mi.lJ ~ /,Ht lnlHiill i.lUti ii: @r, ~ l\':Jllil ~ 9.:;i-ii]" i!il}A!. th Contingencies . . . . - . 10.~-(1!! Other 82,442.98 . . 82,442.98 - =, -t~l'iiJ Qitaihe . 23,655,530.67 - 424,139,008.14 23,655,530.67 5.58 1.lJHt ilHHf ~~ .n, i&ff f,¥--fr 19i l'l ~:l)JJ.s;ff'~ Capacity for business development services and . - . . . integrated project planning and management developed I.I ~ 1§1 ~maWl)tt.r~iiilJill~ Consulting services for project management and implementation . . . - - support and capacity development and training 1.2 cp,J,~:,lbfli~Jf~Jla~ Business development services - . - . capacity devel opment to SMEs consulting services 1.3 ~Hlil~t'\':;f[Jl±~lla!!J!U· External reselllement and social . . . - . monitoring and external environment monitoring services 1.4.-t tl'JiiI'di ~~F.!i Rffl 11< u\:#.. 1li ili!Jlfl91- Consulting serv ices for . . - NRW pilot in Qitaihe 1.5 19i A 3l; Iii W Wl .itJ\Hi· iitl Jl!Hr . . . . . Project implementation startup 43 consultant support 2.llJ t:,~tt 't' 1H'E:iktt!lt ;fll~j! .mil? Sustainable small- and medium-sized enterprises . . . . . investment and access to finance m project cities improved 2. 1 ...... 3.cl(~tm Fl 1li-Otnl:~~:t;ir"~~ru {t-J :~i:tlHiHlll i5t !Un~!1t Key infrastrucwre and small• and . . . -- medium-sized enterprises faci lities in non-coal industrial parks in prOJCCt cities constructed 3.1 t,Jf!!.-gi-0'1ir"~fillli¥!iillfr~ Ili&il'li-,Ud:t.HUiI~ Qitaihe ind ustrial park (green food and pharmaceutical - . . . . . b10-fcrmentat1onr-road infrastructure and SME support facilities ~ J,UU'f *11' .IJttlJ llnJtl ~ 1-J :£f ~ f~JJI! Remediation and environmental cleanup from ...... mining impacts in project cities improved 4.1 lflR1nl"1l1'l:JHJ~ Mining remed iation and environmental . . . - - rehabilitation s.cl( 'l!'ttm El iii ifilil-JJoc ilJ ~ !i'Jlfr~ ;fllflfl~ Integrated Urban - . . . . . Infrastructure and Services in Project Cities Improved 5.1 -t EiiiiJ ;,J( ~ J!IT 1Hl1 i&m & ~7J 9.,f:iiJijjJi!. !/1 Contingencies - - . . I O.;J't11B Other - 785,640 11 . . 785,640.11 . 44 IDl, JI;'{ ljrl ill Shuangyashan 27,500,000.00 10,0S l ,133.77 36.S5 203,226,395.44 I 0,05 I, 133.77 4.95 l.tUt~ 1Hf ~~ 1J, ~~;;r,~ l'9i I"! ;l.U)JEj'llff!i! Capacit} for business development services and . . . . . integrated project planning and management developed 1.1 ~E!~~AAxf.ritfnilJl!l~ Consulting services for project management and implementation . . . . - . support and capacity development and training 1.2 q:,,J-ie~jllj~Jf~/ilHr Business development sen ices - . . - - . ~apacity development 10 SMEs consulting services 1.3 ?r!!!3 R,;fOU-2/ :l!~Jl!l~ External resettlement and social - . - - - . mon itoring and external environment monitoring services 14 - . - . - . 1.5 1;rn ~.ffi:t}J Wlx /.'Hi-nOH!l ~ Project implementation startup - . - . - . consultant support 2:art.J~tt'F 1He~ti!:l;fll~~ ~~ Sustainable small- and medium-s ized enterprises - . - - . - investment and access to finance in project cities improved 2. 1 - . - . - - 3.t&~~ i=i ilii,'E~~~~r"~tt'~ 1'1'1;X:tt~fitl:\iHUnffim Key infrnstructurc and small- and - - . . . . medium-sized enterprises fac1l11ies in non-coal industrial parks in project cities constructed 3.1 ~~w 1li~b'ftt;itJf1.i.12!.'F llH~'¥/r"~lm~-~EWi9:~.& ,j:,,J,11':~xf.¥ fll:bt Shuangyashan business park (non-coal SME and . . . - . PRC-Russia business and trading park)- road and utility infrastructure and SME support facilities 4J:l~tt*J:f-.!i~OpJt.i'!l 'jJflj!: f,!/JI Remediation and environmental cleanup from . . . - mining impacts in pro1ee1 cities improved 4.1 ff.riwn~, ,J, vii LI.Jr(' I&: . - - . 45 Wasterock dumpsite remediation: Xiaoxishan mine 5.i&-~ El ilHl~J$.rlT!li~~~ fll/JH9t Integrated Urban - - - - - Infrastructure and Services in - Project Cities Improved 5. I .!J£ rlHHUiUlH:t ~ ~ C!Jt ;Jc i57/Clffl 7/Citll:m.& t$1il0 Urban infrastructure-water supply, 27,500,000.0C 9,908,777.85 36.03 - 9,908,777.85 - wastewater collection, and drainage 5.2 itiQ:ifci:l!iit~ii~ Key road ------connections constructed 6.;f!J,@.fl:J j(f.(i,'6'm interest and - 142,355.92 142,355.92 - commitment charges -- 7.#1:\;;*!t~ Land acquisition - - - and resettlement - 8.~it, 00:~~W-fiS Design, - - - - monitoring, and evaluation - - 9.::f oJ Jiii.!A!. flt Contingencies - - - - - IO.;)'tft!l Other ------ ~ ff. Difference 153,857.438.00 153,857,438.00 I. Si&ti:1Nt Change in 4,030,354 08 4,030,354.08 Receivables 2. ,sti{;J-~11:':-lt Change in -3,854,304 80 -3,854.304.80 Payables 3. :&!ffl'6.t:iit11:':-lt Change in 153,688,299.77 153,688,299.77 Cash and Bank 4. jt1tl!. Others -6.911 05 -6,91 I .05 46 JyJ § * J1 * (.=. ) SUMMARY OF SOURCES AND USES OF FUNDS BY PROJECT COMPONENT II *WI ~ .?£2020 ~ 12 }'j 3 I El (For the period ended December 31, 2020) ~§~# : I~*£fflff~az~~-~-~~~ffl~$#ffl£•«*~§ Project Name: I leilongjiang Green Urban and Economic Revitalization Project financed by the Asian Development Bank ~~$fl : ~~~n£~~a~J~~ ~$ $1il:: A~ if5ft Prepared by:Hei longjiang Development and Reform Commission Currency Unit: RMl3 Y uan c'. ~ (,J !jf i"' Assets Transferred N1U fl~Ji.ii l I .t :ti (fl! U\! l~! fcl ffi 'fr ~ii l rH 1°\l >t WEi"" ifil~J\!'ir" 7.:ID~ r' jffijjf ~ i'" Construction }1'11ltQ~ Pro1ect C umula11vc Fixed Current Intangible Deferred Expenditures lnves11nen1s tomponcn1s&Ac11v1t1es Amount Asset Asset Asset Asset Work in Progress 10 be disposed T ransferrcd-out - . ~r:d Hcgang 385,647.04 . . -- 385,647.04 I t'UI· 1t'H1 Jrn ·:);)J ' ,& f"f ~;rn-J•HH1 ~l-'=i1'1 · J~' Capaclly for business dcvclo pmenl services . - . - . . ;ind integrated project plannmg and - rnanagemcnt developed I I IJi H 'JkieWJHH~ ilvlll * Consullong services for pro1cc1 mn11agcmen1 and . . . . . - )mplemen1a11on suppon and capacity development and lraimng 1 1.2 'P ), J'e~ ~ilHH!' U /lll ~ Busi ncss development services capac11y development to - ...... SM Es consulling services I 3 ~Hl1llJ!,'i;;.f1Jt.l:~ltii!!!IMJ't External resettlement and social monuoring and external ...... nvironmcnt monuoring services 47 1.4 ...... I 5 .t9iR ~.6t1'Jllll1i:Wi1Hlilll9.* Projec1 . . . . . 11nplemenrn1ion s1anup consul1an1 suppon 2 iif rH.Ht. rt, ,J, 1'P..illdlt ~ ,fir ltt ~ ~ ill Sus1ainable small- and med1um-s1zed . . . . - - nterprises investment and access to finance 1n proJecl cuic~ unproved 2 I . . - . Jim~•~~~-~-~~&~+•~& ~ · Key mfrasiructure and small- and . . - - - medium-sized enterprises faczl 1t1es m non-coal industrial parl.s m prOJcCI c111cs constructed 3 I tH!!. tt .'./,- H ~ fieift;i. .·:1 ffi H-11iUldzil- JiL/1:ll~h~,fu tr}]fjlirt,,J, ~ •IVk. t.~i ltMtiI legang industrial park (green food, green energy, and . . . - h1gl1-1ech)-m fras1ruc1ure and mult1func11onal SME suppon racili11es 3.2 ~Jt1!,t:,HtH,~ llf\-HM-&1ti. (~* 1.-&~ -b *I Hegang Luobe1 Counly industrial park ( higlHech graphi1e-based - . . . . . -- ma1erials and c-mob1hty)- WWTP and treaied lwas1ewa1er reuse pipe 1 14t'l #{ If * l-1.t.U!.~Lt>!tj 11 ·p,i-J:JHi'lJ'I! Rcmcd1a11on and environmentnl cleanup from - . . . - lmmmg 1mpac1s in prOJCCI c111cs improved 14 l ii* ffJ:/dUV6[ -Ii UJt) !l Remcdiauon of . . - . . - !open pit mine and was1erock dumps11e 5.!';;:f\"J}R,11!,q: l:iQOO!&!llHI-lrllcgratcd urban mfras1ruc1ure and services in pn>Ject c111es - . . - improved ~ , m◊ffm~•.r~~~&t~~•<-Ii _:kj,ij. Jlrr.illri]. t!j}'T.iii]", 1H~ _.YiuJ) lntegraled nver rehab1lita11on and cleanup from mining . - . . . . - land ccosys1ems-based adaplion (Shitou River, QianJm Creek, lieli River, and X1aohcli River) 48 5.2 ru1'{}H-!'r~HJcfil!~~i%District heating ...... !System energy efficiency improvements ~3m~» ■ &m.02~~ff2~•m~• Road rehabrlitotion. public rranspon, nnd NMT . . . . . improvements 16.,f1J !] .,fll1J( if; W rnterest and commitment 385,647 04 . . . 385,647 04 . . charges 7.JtR;•,;.;:f!.Vl Land acq u1srtion and ...... resettlement 8. iltil·. ll',1!1,f'U\·J!li!i Desig n, monitoring, and . . . . cvaluauon 19,f , aJJ~!\'.1,'i. Co nti11gcnc1~s . . . 10 J~i1!!Other ...... =-~ll!i foi 14,802,599.1 1 . . . 14,802,599.11 . . 1 wn ~H~1m ;J; JJ. ,•iur1tis* IMH'I! .11.11 'j .;~- 1 11' Cnpac11y for busrness development services . . . . - and 1111egra1cd proJect plann rng ond management developed l I J!ilfd ':isSffi JU I x.J, p,~. iftlJllOt Consult 111g scrvrccs for proJCCI marmgement and ...... 11nplemen1a11on suppon and capac11y development and trarnrng I 2 rt, ,J, ~ ,Jyrl'li # Jt 11ll!Bi· Busrness dcvelopmcm services capac,t) development 10 ...... SMEs consult10g services 1.3 3/l·ffll.ft[l;;.flltl ~ ll:i.iJilHlll# E~tcrnnl resettlement and soc,nl mon11ori11gand external . . . . . environment n,01111or111gsc rvrces I 4 ...... L5 J!ilR ~M!i-1-nJUbtl-i'~ililllll* Project ...... implemcntntion startup consultant support ~~M~tl~+•ftm~-~~~~ !Sustainable small- and med1um-s1zcd . . . . ienterpnses mvestmcnt and access to finance 111 project cities improved 49 l2.1 - ...... 3~~~~~~~filtm~~ff~OO*fil¥ 6-:llill:&&;foff-~ Key mfras1ructure and small- ~nd medium-sized entcrpnses facilities in - . . . . non-coal mdus1ria l parks in projccl cities lcons1ructed ~-1"~filililx~Mtt~~-*M"&~f- ~c•~- -~~~m~&~+~tt£"• fk 1-lengshan D1s1r1ct mdus1rial park (h1gh-1ech ...... graphi1c-bascd ma1enals and e-mobili1y)- road mfras1ruc1ure and SM!:: suppon focih11cs 132~idll<: I -l~lnllxr•,,+(..ij:J!11.&llH6'.~~i9:M!. lJiguan D1s1nc1 mdus1nal par~ (non-coal . . . - SM Es) WWTP ond sewer pipe~ 1 4.Ji~ Jf*J.l·.lft ~ ~•i!l. 1 !f ljlf.'jl'11 Remedrn11on and Fm11onmcn1al Cleanup from - . - - - . - Mining lmpac1s an Proiec1 C111esImproved 4 I bl 1, 11.Jii&'., ,J, ilJi1[1 ~-[x Hcngshan Dimic1 . . . - . - . ~vas1e rock du mps11e rcmedrnllon 5 ti!fl-.l/!1h~ 1 i:J:ij!fi.&!ffH~lnicgraied Urban lnfrastruc1ure and Services in Proiecl C111es - . - . . Improved 1 s. 1 fih~ Ix tidl'~tJ ill it. 111& 11 ~ L'll iTf- 50 lcollecuon, and drainage S.5 ll\illiilijj"l:OJ!<.rJH}l~jfi Jix1 City No 3 . . . . . water treatment plant upgrading and expansion 6 ,j:1JQ,fu.ij,:tr.th interest and commitment I 09,387.0 I . . . . 109,387 01 . - harges 7 -rH~ :!c'l!. ~l Land acquisition and . . . . rcse11lemcnt 8 ill:i1. ll:r.t\:,ftl Wfiti Design, mon11onng, and . . . . - evaluation 9 ,-f-PJffi .li1.m Cont ingencies . . . . . 10 )tfm Other 82,442 98 . . 82,442 98 . . .::, -t HM Qitnihe 23,655,530.67 . . . . 23,655,530.67 - . I I LUI 10,* JI :ti:-~ /J , .~ ill !?f. ~ t,l Il ~.!CJJJ 7f l'l1 Capacll} for business development services ...... and in1egra1ed proJect planning and management developed I I J1i!I-J:::l:r.i!!l~lxlPti1f1JJJ!BrConsul ting services for pr<>Jcctmanagement and . . . . . 1mpleme111011ons upport and ca pacity development and training I 2 rj11J, (i' ~i, 11'* If ~II!* Business development services capac11y dc,•elopmen1 10 . . . . . SMEs consulting services I 3 ~HfUfHi.:fut±~llail1JIIH't E~1erna l rcse11lcmcnt and social mo1111oringa nd external ...... environment mon11ormg services 1 4 U, inl 11111f.if Kffi ,)( i.1:1~~ iiuJJIHr . . . Consulting services for NRW p,l01 in Q1ta1he 1.5 H '.:UtHJJWI Jc. I,¥~ i!iJ)Iii!* Pro1cc1 * . . . . - - ,mplementa1,on startup consultant support 2 nf /.~t;tt! rp ,J, 1£~i, 15!:lJHti M ~ ~ iti Sustainable small- and medium-sized ...... enterprises investment and access to finance in 51 ~roject cities improved ~I - - . - - . - G.&••~~~ill~Wr#ffill~~-~~ \JI:mHtl i,. !1t Key rnfras1ruc1ure and small- and - - - - - . - med1um-s1zed enterprises facilu,es tn non-coal rndustnal parks rn proJcct cuies conslructed ~. I W~ftMF#~~-~&-LW&~# .k:f-H2:M!i LN Q11a1hc rndusrnal park (green food and pharmaccurical . - - . '1io-fermcn1a11on) road mfras1ruc1urc and iSME support focill11es !I N ~ JI ;;o;p;a1.i111,HJQ 'J l-PJH.1/J'I' Rcrncd1a11on and cnvironmcnral cleanup from - . - - - - m1111ng1mpac1s ,n pro;cc1 c111cs11 nproved ~. I If I> 5 ~'itMw II rlr t',d'} Ji«rh J,tbtl: i2:~,f0/Jfl. ~ lnregrated Urban Infrastructure and Services rn . . . - - l'rOJCCIc ,1,es Improved 5 I Lk~*~-, »m~6am*WM» tJ,t '1ltlt Q11a1he WTPs upgrading and water 16,464,922 51 - 16,464,922.51 supply d1s1nbu11on sysrern rcplaccmenl and expa11s1on 5.2 11.t.i;IJ'I 0 'itffitft Susrainoblc and clean 5,993,300 00 - - 5,993,300.00 - . fuel pubhc transport 1mpro\'cments - 6 ;JIJ.Q..fO,];ifi~ rn1erest and comm1tmcn1 411,668.05 - . - - 411,668 05 . - hargcs 7 ,f.H( J'i'rl. W Land ncqu1si1ion and . - . . rcsct1lcmcn1 8 i2:H·, il~.f}.ftli¥ ft, Design, moniroring, and . . . - . . evaluauon 9 ..f nrffi£ i't Contingencies . . . . - . . 10.Jtft!l Other 785,640 11 - . . . 785,640.11 . . l!.11,i!l( ~LI.J Shuang) ashan I 0,05 I, 133. 77 - . . . 10,051,133.77 - - 52 ,.m»~~Jf-~h-~wm&~§~•~• J1I'Capacity for business development services . -- - - and integrated project planning and management developed I. I r,I H ~Mi JU]:i'i.: f,HtiftllJEl. # Con~ult,ng services for proJect management and ------1mplementa11on suppon and capaC11y - development and trammg I 2 'P ,J, U' ~~iOi ~ Jf 1«:JE!,, Business development services capacity development 10 - - -- SMEs consulting services I J ,H~fl:L~.fUtf ~U.'l.i!!qlJfi* External cse11lemcn1 and socrnl mon1tor111gand external - - - - - env1ronment momtoring services 14 . . . . 1.5 J]I! R ·:tS&·WWI1i:. /.\ ~ il0JII{r, ProJect ...... implcmenwuon startup consultant suppon ~~ttiltt~+~~m••~•~m Sustmnable small- and med1um-s1zed . . . . ~nterprises investment and occes~ 10 finance in project c111cs1111provcd ~ I . . - 0 ,'l(~J1l!l f rld!i.ill: U-t!.:i"''1r¼'HHl'~;XcutJiHili \l!'~,f.oJiHJCKey infrastructure a,,d small- and ...... !ned1um-s17ed enterprises fac1ltt1es m non-coal mdustnal parks m project c111csconstructed 01 ~"iliffi~•n*ffR~~~~m~• ~~- ~•m~&'P+••:i'i.:~&~ :;huangyashan business park (non-coal SME . . . . - . and PRC-Russia business and 1rad1ng park)- road and ut1ltty infrastructure and SME ~upport fac1lt11es ~~~ff•~~~~~-~~m•~ !Remediation and environmental cleanup from . . . - . . "1inmg impacts in proJect cities improved 53 4. l H::fii.l.J~)~: ,J-iffiiL11iiIB:Was terock . . . . . '1umpsite remediation Xiao,ushan mine - s ~fl~§~m~•~~~~~~ffi* Integrated Urban Infrastructure and Services in . - - . . . Project Cities Improved 5. 1 Ji&ilit~~Ut¥!iW~M!i <~;,!(, i'51JWl'i1l< i!ldk hHl Ill() Urban infrastructure-water 9,908,777 85 . . . . 9,908,777 85 - - supply, wastewater collection, and drainage 5.2 U!iS!:*lltiti¥llii4~ Key road connections . . - . . . . constructed 6.;ft fHUi~ i?H'l mte1c~t and commitment 142,355.92 . . . 142,355 92 - . charges 7 lJ Lt 'ii: ii Yi Land acqu1s111on and . - . . . resettlement 8 i5ti I , :l:U"~,f{hf f,!, Design, momtonng, and ...... •valua11on 9 ,f-•f ffi ~ t2 Comingenc1es . . . . . IoJlfili Other ...... ~it T OT AL 48,894,910.59 . . . . 48,894,910.59 . . 54 ( /\. ) ~ tt<~ Jt ~ ff tt ~ * viii. Statement of Implementation of Loan Agreement ~ ik -1#}Jt ~ rr 'tw ?>1* STATEMENT OF IMPLEMENTATION OF LOAN AGREEMENT *Mil¥ 2020 Sf 12 ~ 31 B (For the period ended December 31, 2020) ~§«# = ~~*£•tt~••~a~•t•~~•~*ttffl£~~*•§ Project Name: Heilongjiang Green Urban and Economic Revitalization Project financed by the Asian Development Bank ~ffl.lf!1i: ~ ;ft iI 15'£Ji~~ :if. J .vi~ ~'15.'f!-11 : ~jc;/ A~ '157C Prepared by:Heilongjiang Development and Reform Commission Currency Un_ ___it:,_ EUR/ .,, .. ~ . . · -..--- - - ..,, ···- ··- ··- ·-··- ----·"'t''''-··· ...... -- ······· ...... - ~---··------~-- ~~y"):~~~ *AA~ ,J;Ui ~ii 1R:JX'.MI ~}JI] Loan Amount Current-oeriod Wi1hdrawals Cumulative Withdrawals Category @:7t; IX.XiG ;Jfi-fr A ~ ffi ©:1c :Jrrfl- A R:ffi EUR EUR RM13 EUR RMB 01/\ f~i¼l Ut WORKS HEGANG 45,855,000.00 - - - - OIO t 11l11il:~ WORKS HEGANG 13,965,000.00 310.988.21 2,495,680.39 310,988.2 1 2,495,680.39 0 IC -t~M±ill WORKS QITA III E 34.744,000.00 1,802,972.19 14,468,85 1.83 1,802,972. 19 14,468,851.83 0ID ~~LU ±ill WORKS SHUANGYASIIAN 11,792,000.00 - - - - 0 IE i!,\f,q i&~ GOODS HEGANG 3,379,000.00 - - - . 0IF tftiiiJi)t~ GOODS QITAIII E 17,812,000.00 622,591.58 4,996,297.43 622,591 .58 4,996,297.43 0IG ~~1~w ~§t~ GOODS SHUANGYASIIAN 6.382,000.00 . . . . JwHfrt!!lff' ADVANCE ACCOUNT 15,000,000.00 120,375,000.00 15,000,000.00 I 20,375,000.00 .~i-l Total 133.929,000.00 17,736,551.98 142,335,829.65 17,736,55 1.98 142,335,829.65 55 ix. Special Account Statement -½ ,ffl ,li!K: ? * * SPECIAL ACCOUNT STATEMENT ;qr.1l!Jfa.i: 2020 1¥- 12 A 31 El (For the period ended December 31, 2020 ) ~§~• = ~~*£•rr~~~;1t,~~~1~~~~~~#~£~~*~§ Project Name: Heilongjiang Green Urban and Economic Revitalization Project financed by the Asian Development Bank ~ ~ % : 3827-PRC Loan No. 3827-PRC r.li ffi. ~ 1ft. : .W. ;it, iI ~~~ff Prepared by: The Finance Department ofHeilongjiang Province *P•rr~•=•~••rr•~~m0~ Depository Bank: Harbin Bank ~ % : I 80 I 000001292287-02Account No. : 180 I 00000 I 292287-02 ~ iJ5 tt ~:©:x Currency: EUR Ami~: :$: Wl4J- J.l:l ~ f' i& .1i:f~~ ~ ~ Part A-Account Activity for the Current Period Amount Wlfll~ii - Beginning Balance J:tl:IJn: - Add: * Mil F. rr V'l 1~ .e. l\:.I 17,736,SS 1.98 Total Amount Deposited thts Period by ADB *Mll~A-AAY * WFH~-m x II'. ,.:i iHH!ll - Total Amount Refunded thts Period to Cover lnehg1ble Expenditures !ll~: - Deduct. * ltJl .JHf Alll!! 2,736.551. 98 Total Amount Withdrawn this Period * JIJl ,HH~ ti: .:ld,H,1 cf, ((,J /JIHH.11 x U\ Total Service Charges this Period 1f not Included tn Above Amount Withdrawn AA;;!<~~ 15,000,86 I 19 Ending Balance ( Jg ~To be continued ) 56 B $,t: 11 m~,., i1l ,, ~ ~ Pan 8-Accoun1 Reconc1ha11on Amount I ~tr tt~rnu~.wi 15,000,000.00 Amount Advanced b} ADB ~&: . Deduc1· 2 .Ult:ff~ ffHt lllli& ~ 'ii . Tornl Amounl Recovered by ADB 3. *ll1l wi * -t- mme f' 11t ;~a, ~ n, i;w Outs1andmg Amoun1 Advanced 10 the Special Accouni a1 the End of this 15,000,000.00 Period 4. 17-ffl~f'Wl:il<,9.~ 15,000,86 I I 9 Ending Balance of Special Accounr !tllxl: . Add 5. ~N.;;t. WJJIJJ-1< c:. 1j1 ifH!U~(!31'1li -f:r,;J l~ ~~ Amount Claimed bu1 no1 l c1 Credited ar 1he End or 1h1s Period !fl ii'i 1~ 11 ~~! . Applica11on No Amouni . 6 ~~*AAAA*i::.iN ~~* ~~m~•~ . Amoum Withdrawn bu1 not ye1 Cla11ned a1 1he End of th1s Period 7 ~-•~~~w ,~~2~s~6@~> Cumula1ive Service Charges (If no1 Included in llem 5 or 6) (Ii&: Deduct. 1 8. l LQ. i& A 57 1. J:9Y§1tt~ ~~*£.~fi~~~~il~~*,~~~~~$#~£1&~*~§ ( ~ r ~ ~t*~ § ~ ~ § ) ~jJp jjf ~%jg 3827-PRC , ~ § JJ 0[6J §' ,ft ~M, • ~ , -1:: g- ~ , JJ. ,~ LU , ~ W c ~ r fa1 {1T- " tm t:t :fl!" ) £ /& }t i9_: ~ 4- ;r: Jt ~~ . ~~t~¾~~ ♦ ~ . -*~ffi~~Jl,~~~~~*~~~- . 3t SI lit 00 ~11' :t ~:hf.§. tR ~ lit ~ Jffi § ~ ~ ~ JI JI~ , n t:t * :ti- 1J ~ ~ "$" # ~ £)&~~~-~' ~~£, ~·~' ~~~~~~~~~-~ . ~¾~ ;t&_ % ~ «00 ~ rt X -f :ili M .:t # $ ~ t ti& ~ * f- I: * iE!z ~ * ~ Et-J ~ ~ » ~ I: ~*~o Jffi: § ~;f~#Jt-f 2020 ~ 1 JJ 6 B ~1-T , 2020 ~ 4 JJ 1 81:.*o 1}~~ 1.s 1l.~JC . ~#xri5#:h~JC . tfr¾ 133,929,ooo ~JG . J}J~M~R 23 ~ , 'tJR M 3 ~ , ;k ~ 8 n 2023 ~ 8 JJ 3 1 B , 4Ii:- ~ s fJ I B & 11 JJ 1 8 7:1 1f * 1f I~' 8 0 Jffi:§~g-~,~W, -1::~~ , ~~w~+:rffi§W , *~~.:t#= + F tB : c1 ) ?!z i- Jffi § $ ~ * ~f ~ F it # ~ ~ X 1Jt £-um i9-: ~ 5ft1 ~ m: c3 ) ;tt ** *~ ~ JJ 0[6] 1~ j_ ~ ~ ~ yt JI ; C2 ) ~ i- Jffi § $ ~ % it $ ,£ 1iIB i~ ~ 5fP ~l ~ o *~~~§1t~1L~-4~JlAKrf5 12.59 1Z:.ft , ;!ttp3Efi~~ l.3393 1l. ~JG , tlr%A~ri5 10.35 1l.ic, ~c*A~rfJ 2.24 1Z:.Jto 2.itL~:~~J~ IE 2020 if- & 1C ,~, f!Lt ,g g ~ ~ , Jib W, -1:: ~ ~ , ~ ff& LU ~ $ Et-J 1C ,~- fl *&~M~ff~~ro~P~*o ~00¾~$1C~~--~~lo •~rtr:cffi§~*~~~~OO:h~~M~•M~ffffi~¾~•-M~ $f&-iftj~fR*o ~Wrtr~§**~-~~00:h~W~~~*~¾~, ~WW$~~ ~-~t~, ~W~~~~l*~0~~~~~§M~~* · ~&*• M~fiffi~¾~--~~$~~-~*o 58 ~~~*~§~*~~~~~J.7K~~~~~M$0~A$0 ~. ~~~•~-~~0~~~~J:ffi§M~**· ~a••M~ff«~~~ lti ma tu Et-J * f& ~ ~ tll * o 2020 if- .:xx.,% wrtr .tffi: § 11L~ ~~tu~ IE n ~ iF,k i~ ~~tit? tp I\.J' • .:xx.,% wtfJ § *k-13 ~~ 0 ~ 0 3 . .i. ~ ¾ it ifk ~ 3 .1 fft i% M iFk .g~ «* -t m- 3I ~ * £ it tr ~ ~ JffJ § ½it~ 1f.. JJ, * if-I i! ~ )) cM 00 ~1f- [2005J6 % ) ~ft, 4':Jffi: El M ~ ~ * ~ ,~ Mifk :fi~ «* -f fp £ 3 .3 * J:ffi El ½it~• ~ " tz 1r £: 1- tu,, t¥ JJ ic ~ W- YlU , *m 1t 1i ~ t: ic ~ 5¾ ie. 9!K , ~ A ~ rf5 59 ie. 91K 4'.1iL rf5 o 3.4 if-*5'1' $ ~ ~tiU!« cp 00 A~ 1[ 1-r 2020 ~ 12 JJ 31 8 YC $-iff-Jf , ~p EURl=A ~ rp 8.025 .7to 4 . 41L~# 13 iJt ~ 4.1 :gJi 13 ~ ill % it 2020 11=- 1 JJ 1 El~ 12 A 31 El Jffi: § ~ ili A~"$ 48,894,910.59 ,it , J. it~iliA~rf5 48,894,910.59 ,it , r5,~,~~it~1Jif-J 3.88%0 4.2 ~ rp Jtf ¾ 2020 5¥- 12 fl 31 EJ~rp~,i-~$yi/g,A_R-,rp 153,688,299.77 ic , Jttp A R-. "$ 120,381,911.05 ,it¾.~ El ffti 1t ~ ~ Jf] ,91lt? 1f ¾7. ~ t§L 1t ~ ;k, ~ Jffi: § ~ ~ $1iL ~ jlj if-) ~G * ~ ~ 0 4.3 fll # Rlill i&-.1!< 2020 if- 12 A 31 El ~$§i}9 AR-. rf5 4,030,354.08 JG , Jt cp Ji¥, WA~ rr 3,930,354.08 JG ,;xx.,% wA ~ rJJ 100,000. oo JG o 59 4 .4 ffi1 JE3Jf F JC 0 4.s J9i El tt~ 2020 1¥- 12 JJ 31 El ffe-t}l JJ A.~ rf5 60,416,518.94 .ic , ~ ~ ¾.~1.9! El I. tt@L*~ ~~&~1t ~~#xi¥-*$: o 4.6 :rffi: § 1if~ 2020 1¥- 12 JJ 31 El ffe--iJl JJ A. ~ rf5 142,335,829.65 JC , ;it er : 3E fi ~ ~ 17,736,551.98 ~JC , t'r % A~$ 142,335,829.65 .7t o 4.7 !1L1t~ 2020 1¥- 12 JJ 31 El ffe-i.9! JJ A.~ rf5 3,854,304.80 jc , :tt er~ W~ El A ~ rf5 1,010,591.44 .it ; -c § 5tiJJ:9i El A~ rf5 2,843,713.36 .ic o 4.8 ~ Ji}. i&A 2020 1¥- 12 JJ 31 B ffe- t.9! ~ A~ rf5 6,911.05 .7t , .:!it :t.m El fffi 1t ~ ~? J it (n *Ll ,~, i&Ao 4.9 3Eff it~ ~~ 2020 .1f%J-it3E1r~ff7. 11,136,551 .98 ~jc , tn-1i'-A.~rf5 142,335,829.65 jc ' r5 1.9! § 1#' ffiX ,~, $Ji ~ 13.2% 0 :tt t:p ± }t I. tt #~ r;};, - --k::. h l ~ ;:i::; - I- " ~ ~ .,!,J:, ,tJ.., 0 2,113,960.40 t;'\. JG , -v I o /\. j;"1 , IJ 16,964,532.22 JG , o ~ 7't JR fi'A P'J 2.01/o, ii~~}}U 622,591.58 ~it, tfr¾A.~$ 4,996,297.43 .it , t5~~}}U1#'#~ (n 2.3%0 rffi 1t-:t ,mtt;=i 15,000,000.00 ~ .7t , tr½ A~ rf5 120,375,000.00 it o 4.10 Wc*iff* ;.t .1f We**~ j1J1ir. ½ it A~ rf5 60,416,518.94 jt , ;rt cp 3t 1t ?£*A~ 60 rfJ 60,416,518.94 jco :tffi § it,t1JF£ * 1f-i-,~-tJIA~ rfJ 223,839,053.63 n; , ,t.f.2020 ~ 12 JJ 3 1 EJJ.if j Ll1i~ei*A~rf5 60,416,518.94 .ic, t it ,t1J a9 26.99%' 1--~~ .n Jc 1~ Efc.-t- 0 4.11 Jjli § ~*~ ~Jjli § ~*¾~ 2020 ~ 12 }J 3 1 B ~ tJI .n A ~ rfJ o x o 4.12 *3t~½it 2020 5¥- 12 }J 31 B ~ $JI jg A~ rf5 o x o 4. 1 3 ffi 1t -t- ~ ? iJt 193 ffi it -t- ffelt? f 2020 .1f tI1 ~, M ~ff{'£~~ :;t;_{t{ if Jl9: 17J-1=1" ~R 0 sJ ff :iL , AA:% 1so10000012922s1-02, if-*~ tffe- 1s,ooo,s6 1.19 ~.it . Jt i:r 3E 1r ~ ~ 1, soo 7Y ~ .it , ~L~- LJ!z J\. 8 61. 19 ~ x o 61 x. Notes to the Financial Statements Notes to the Financial Statements 1. Project overview The Loan Number 3827-PRC: Heilongjiang Green Urban and Economic Revitalization Project financed by the ADB (hereinafter referred to as "the Project"). The implementation of the project aims to ease the situation of insufficient financing of Hegang, Qitaihe, Shuangyashan and Jixi (hereinafter referred to as the "four project cities") development, enhance the competitiveness of small and medium-sized enterprises, address the issues of remediation of subsidence areas, environmental and ecological protection. The Project will introduce advanced project management concept of international financial institutions and provide successful examples and cases of transition of coal resource cities which are operable, referenceable, replicable and popularized. It will also help to implement the important initiative of the State Council '.s Opinion on the Recent Supporting Major Po/ides and Measures to Revitalize the Northeast. The Loan Agreement was signed on 6 January 2020 with the loan amount of USD 150 million and became effective on 1 April 2020. The currency of the loan was Euro (equivalent to EUR 133,929,000.00 ) . The term of the loan is 23 years with a grace period of 3 years. The loan closing date is 31 August 2023 and the loan repayment dates are 1st of May and 1st of November. The project includes four cities, namely Hegang, Jixi, Qitaihe and Shuangyashan. The loan supports the following three outputs: (i) Key infrastructure and facilities for small and medium-sized enterprises in non-coal industrial parks in project cities constructed; (ii) Remediation and environmental cleanup from mining impacts in project cities improved; and (iii) Integrated urban infrastructure and services in project cities improved. The total investment of the project under this loan is RMB 1.259 billion, of which the ADB loan is EUR 133.93 million, equivalent to RMB 1.035 billion yuan, and counterpart funds RMB 224 million yuan. 2. Scope of the Financial Sta tern en ts The scope of the financial statements of 2020 covers the financial statements of the four project cities of Hegang, Jixi, Qitaihe, and Shuangyashan, as well as the Advance Account established at the Heilongj iang Provincial Department of Finance. The following is the scope of the four project cities. 62 The financial statements of Hegang subproject only covers the municipal adjustment statements prepared according to the debt allocation sheet of Heilongjiang Provincial Department of Finance. The consolidated scope of Jixi subproject covers the financial statements of Jixi Municipal Water Supply Company, Jixi Municipal Facilities Maintenance Center, Jixi City Hengyuan Investment Co. Ltd, as well as the municipal adjustment statements prepared according to the debt allocation of Heilongjiang Provincial Department of Finance. The consolidated scope of Qitaihe subproject covers the financial statements of Qitaihe Public Transportation Company, Qitaihe Water Affairs and Water Supply Company, as well as the municipal adjustment statements prepared according to the debt allocation sheet of Heilongjiang Provincial Department of Finance. The consolidated scope of Shuangyashan subproject covers the financial statement of Shuangyashan Municipal Facilities Maintenance Center and Shuangyashan Municipal Water Supply Company. 3. Accounting Policies 3.1 According to the Circular of the Ministry of Finance on Unifying the Accounting Methods for Loan Projects of the ADB (Caiguoji [2005J No. 6), the financial statements of the project were prepared according to the requirements of the Accounting Methods for World Bank Financed Projects (Caijizi [2000] No.13). 3 .2 In accounting practice, the Gregorian calendar year is adopted as the fiscal year from January 1 to December 31. 3.3 The accrual basis and the debit/credit double-entry bookkeeping method are adopted. The Chinese Yuan (RMB) is used as the recording currency of bookkeeping. 3.4 The exchange rate used in the financial statements was the exchange rate on 31 December 2020 of the People's Bank of China, which was EUR 1=RMB 8.025. 4. Explanation of Subjects 4.1 Total Project expenditures 63 From January 1 to December 31, 2020, the project expenditure is RMB 48,894,910.59 yuan. The accumulative expenditure was RMB 48,894,910.59 yuan, accounting for 3.88% of the total estimated project cost. 4.2 Cash and Bank As of 31 December 2020, the balance of cash in bank was RMB 153,688,299.77 yuan, of which RMB 120,381,911.05 yuanwas the deposit balance of the Advance Account for the project prepayment. Others were the counterpart funds received by the project implementation units (PIUs). 4.3 Prepaid and Receivable The balance as of 31 December 2020 was RMB 4,030,354.08 yuan, among which RMB 3,930,354.08 yuan for Jixi subproject, and RMB 100,000.00 yuan for Shuangyashan subproject. 4.4 Fixed Assets Null. 4.5 Project Funds Appropriated The balance as of 31 December 2020 was RMB 60,416,518.94 yuan, which mainly includes the project counterpart fund of each subproject and the loan commitment fees paid. 4.6 Project Loan The balance as of 31 December 2020 was RMB 142,335,829.65 yuan, among which, the ADB loan were EUR 17,736,551.98, equivalent to RMB 142,335,829.65 yuan. 4.7 Payable The balance as of 31 December 2020 was RMB 3,854,304.80 yuan, of which RMB 1,010,591.44 yuan was payable for Jixi subproject and RMB 2,843,713.36 yuan was payable for Qitaihe subproject. 4.8 Retained Earnings The balance as of 31 December 2020 was RMB 6,911.05 yuan, which mainly 64 was the interest income from the Advance Account. 4.9 ADB loan As of 31 December 2020, the cumulative withdrawal amount from the ADB was EUR 17,736,551.98, equivalent to RMB 142,335,829.65 yuan, accounting for 13.2% of the total loan amount, among which the withdrawal for civil works was EUR 2,113,960.40, equivalent to RMB 16,964,532.22 yuan, accounting for 2.0% of the allocated amount for the category; the withdrawal for goods was EUR 622,591.58, equivalent to RMB 4,996,297.43 yuan, accounting for 2.3% of the allocated amount for the category; the amount of the Advance Account was EUR 15,000,000.00, equivalent to RMB 120,375,000.00 yuan. 4.10 Counterpart Financing The total amount of counterpart funds in place this year was RMB 60,416,518.94 yuan, including RMB 60,416,518.94 yuan grant. The total planned counterpart funds are RMB 223,839,053.63 yuan. As of 31 December 2020, the cumulative allocated was RMB 60,416,518.94 yuan, accounting for 26.99%. All the counterpart funds were grant money. 4.11 Project Capital a nd Capital Surplus The balance as of 31 December 2020 was RMB O yuan. 4.12 Total Unpaid The balance as of 31 December 2020 was RMB O yuan. 4.13 Advance Account The Advance Account of the Project was opened in Harbin Bank Corporation in 2020 by Heilongjiang Provincial Department of Finance, with the account number of 180100000292287-02. The balance at the end of the year was EUR 15,000,861.19, including the ADB loan of EUR 15 million and interest income of EUR 861.19. 65