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lIIII MlursrRY oE ENvIRoNMENTAL AND N.lrunn
PnorEcrloN: EU N,lruru, 2000 INTEcRATIoN
I Pno.rEcr-1 Management Board's report as at 31 December 2015 together with
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Independent Auditor' s rePortIII-t
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Contents
Independent Auditor's Report
Sources and Uses ofFunds
Bank Reconciliation Statement
U.ses of Funds by Project Activity
Summary of Summary Reports (SOEs)
Notes
Page
2
4
5
6
1
8
I Ministry of Environmental and Nature Protection - EU Natura 2000 Integration Project
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ffiWWffiS*ildin* a bett"*rworkinqj worl<J
lndependent Auditor's Report
To the Management of the Ministry of Environmental and Nature Protection
We have audited the accompanying financial statements, which comprise Project Sources and Uses of
Funds, Bank Reconciliation Statement, Uses of Funds by Project Activity and Summary of Summary Reports
(SOEs) of the Ministry of Environmental and Nature Protection, EU Natura 2000 lntegration Project, as at
31 December 2075, and a summary of significant accounting policies and other explanatory information.
The financial statements have been prepared by Project lmplementation Unit (PlU) of the Ministry of
Environmentaland Nature Protection, EU Natura 2000 lntegration Project, based on the financial reporting
provisions specified in Annex A of the Contract for Consulting Services for the Annual Financial Audits of
the EU Natura 2000 lntegration Project No. MOC/CS/LCS/11/01 between Ministry of Environmental and
Nature Protection and Ernst&Young d.o.o. ("the Contract") and EU Natura 2000 lntegration Project Loan
no. IBRD 80210 HR Project Operational Manual from December 2013.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation of these financial statements in accordance with the
financial reporting provisions of Annex A of the Contract for Consulting Services for the Annual Financial
Audits of the EU Natura 2000 lntegration Project No. MOC/CS/LCS /77/OI between Ministry of
Environmental and Nature Protection and Ernst&Young d.o.o. ("the Contract") and EU Natura 2000
lntegration Project Loan no. IBRD 80210 HR Project Operational Manualfrom December 2013 and for such
internal control as management determines is necessary to enable the preparation of financial statements
that are f ree f rom material misstatement, whether due to f raud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted
our audit in accordance with lnternational Standards on Auditing. Those standards require that we comply
with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the
f inancial statements are f ree f rom material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the
financial statements. The procedures selected depend on the auditor's judgment, including the assessment
of the risks of material misstatement of the financial statements, whether due to f raud or error. ln making
those risk assessments, the auditor considers internal control relevant to the entity's preparation of the
financial statements in order to design audit procedures that are appropriate in the circumstances, but not
for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also
includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting
estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
audit opinion.
i;r::i i'l*l-: J.*.:. ::!: ;i3*: : *Sa* =:a
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lndependent Auditor's Report (continued)
Opinion
ln our opinion, the financial statements of the Ministry of Environmental and Nature Protection, EU Natura
2OOO lntegration Project for the year ended 31 December 2075 are prepared, in all material respects, in
accordance with the financial reporting provisions of Annex A of the Contract for Consulting Services for
the Annual Financial Audits of the EU Natura 2OOO lntegration Project No. MOC/CS/LCS/11/01 between
Ministry of Environmental and Nature Protection and Ernst&Young d.o.o. ("the Contract") and EU Natura
2O0O lntegration Project Loan no. IBRD 80210 HR Project Operational Manualfrom December2013.
Basis of Accounting and Restriction on Distribution and Use
Without modifying our opinion, we draw attention to Note 2 to the financial statements, which describe the
basis of accounting. The financial statements are prepared to assist Ministry of Environmental and Natureprotection, EU Natura 2000 lntegration Project to comply with the financial reporting provisions of the
contract referred to above. As a result, the financial statements may not be suitable for another purpose.
Our report is intended solely for Ministry of Environmental and Nature Protection, EU Natura 2000
lntegration Project and The World Bank and should not be distributed to or used by parties other than the
Ministry of Environmentaland Nature Protection, EU Natura 2000 lntegration Project orThe World Bank.
/, dA o// SlavenDurokovid
Member of the Board and certified auditor
Ernst & Young d.o.o., Zagreb
Zagreb,22 April2Ot6
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ff Ministry of Environmental and Nature Protection - EU Natura
2000 Integration ProjectSummary of Summary RePorts (SOEs)
1 From I January 2015 to 31 December 2015
WorldBank
withdrawalapplication
Approvaldate
Summary
Sheet
/SOE1
TypeAmount
documentedAmount paid to
Designated Account
Loan 80210 HR, amounts in EUR
l83l -Mar-
2015
I prior review 468.228.031,034,318.33
2 SOE 566,150.30
l9 1 7-Jun-20 1 5I prior review 306.66s.37
720,095.6s2 SOE 413,430.28
2025-Sep-
2015
prior review 102,202.831,085,873.07
2 SOE 383,670.24
2109-Nov-
2015
prior review 23.505.43560,106.21
2 SOE 536,600.84
2215-Dec-
2015
prior review 366,538.51913,957.44
2 SOE 541.4t8.93
23 2016'prior review 162,857.37
673.09',7.092 SOE st0,239.72
Totals (EUR) 4,987,507,85 4,987,507.85
I Summary SOE sheets consist of individual expenditures by category as the basis for withdrawals.
2 Designated account opening balance as of I January 2015 amounted to EUR 1,357,848.37. Total amount paid
to Designated account for the period from I January 2015 till 3l December 2015 amounts to EUR 4,314,410.76.
Designited account balance as of 3l December 2015 amounted to EUR 1,326,902.91 after payment of EUR
4,345,356.22 of Eligible expenditures from the Designated Account.
3
Stela Ladarevii, Finance management specialist
iThis withdrawal will be processed in year 2016. Stated amount represents only sum spent in year 2075 after
withdrawal No.22. This amount (673,091 .09 eur) will be validated through withdrawal No.23 together with other
expenses that occurred in year 2016.
7 Ministry of Environmental and Nature Protection EU Natura 2000 Integration Project
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11
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Expenditure related to six applications in 2015 and20l6 (tmtil the date of audit report) 4,987,507.85
Expenditure related 1o2014 as stated in WB Application no. 18 -642.151.63
Expenditure related to 201 5 as stated in wB Applications no. 1 8, 19,20, 21 ,22 and 23 4,345,356.22
3u-
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Ministry of Environmental and Nature Protection - EU Natura2000 Integration ProjectNotes to Financial StatementsFrom 1 January 2015 to 31 December 2015
L. General
The Republic of Croatia has received a loan from the International Bank for Reconstruction and
Development (IBRD) to implement the Croatia EU Natura 2000 Integration Project (NIP). The project
is implemented by the Ministry of Environmental and Nature Protection of the Republic of Croatia.
The World Bank Project Preparation Advance (PPA) was approved to the Republic of Croatia in the
amount not exceeding USD 500,000. The Croatian Government signed the PPA Agreement on March
5,2009. Refinancing date forthe PPA and staftof the five yearproject(loan financing) was 19 May
2011.
The body in charge of implementing the Project preparation was the Ministry of Culture, Nature
Protection Directorate where the Project Preparation Unit (PPU) was set up, and consisted of a
coordinator, procurement specialist and financial management specialist. The PPU was managed by
the PPA Manager who was also the Director of Nature Protection Directorate. The PPU became the
Project Implementation Unit (PIU) upon ratification of the Loan on 1 8 May 20 I 1 . As of 22 December
2011, according to Decision of the Government of Republic of Croatia, EU Natura 2000 Integration
Project became an integral part of the Ministry of Environmental and Nature Protection.
Republic of Croatia signed a Loan agreement with the international Bank for reconstruction and
Development on 22 February 201 1. The Loan amount is EUR 20.8 million. The Project consists of the
following parts: Ecological Network lnvestments, Ecological Network Data Systems and Ecological
Network Capacity Building. As at December 31, 2015, PIU and support staff consisted of the
following Consultants: coordinator, procurement specialist, financial management specialist, civil
engineer/safeguard coordinator, EU projects and training specialist, economist and monitoring &evaluation specialist and project assistant.
NIP overall project objective is to support Park and County Public Institutions to implement Natura
2000 objectives in investment programs; strengthen capacity for EU-compliant reporting and
biodiversity monitoring; and introduce programs that involve a wider group of stakeholders in Natura
2000 network management.
2. Accounting policies
Financial repoffs which comprise of Sources and Uses of Funds, Bank Reconciliation Statement, Uses
of Funds by Project Activity and Summary of Summary Reports (SOEs) are prepared on the cash
receipts and disbursements basis of accounting as prescribed in the EU Natura 2000 Integration
Project Loan no. IBRD 80210 HR Project Operational Manual from December 2013. Project financing
is recognized as a source ofProject funds when the cash is received. Project expenditure is recognized
as a use of Project funds when payment is made, irrespective of when goods or services are accrued.
8 Ministry of Environmental and Nature Protection - EU Natura 2000 lntegration Projecl
REPUBLIKA HRVATSKAMI NISTARSTVO ZASTITE OKOLISA
IPRIRODE10000 Zagreb, Radnicka cesta 80
Tel: 01 I 3717 111 fax: 01 / 4866 100
EU NATURA 2OOO INTEGRATION PROJECT
CLASS: 612-07 I ll-49 10154
REF.NO: 517-16-13
Zagreb,22 April2016Ernst & Young d.o.o.
Radniika cesta 50,10000 Zagreb
This representation letter is provided in connection with your audit of the financialreports of the World Bank project of Ministry of Environmental and Nature Protection,
EU Natura 2000 Integration Project (the Ministry) for the year ended 31 December
2015. We recognize that obtaining representations from us concerning the information
contained in this letter is a significant procedure in enabling you to form an opinion as
to whether financial repofts comprising Project Sources and Uses of Funds, Bank
Reconciliation Statement, Summary of Summary Reports or SOEs and Uses of Fund
by Project Activity (together "financial reports") are prepared in all material aspects, in
accordance with the financial reporting provisions of the Advance Agreement for the
Preparation of the Proposed Nature Protection Investment Project dated 5 March 2009 and Loan
Agreement for EU Natura 2000 Integration Project dated February 22,2011 between Republic
of Croatia and The World Bank ("the Contracts") and in accordance with the provision ofSection 5.09 of the "International Bank for Reconstruction and Development General
Conditions for Loans".
We understand that the purpose of your audit of our financial reporls is to express an opinion
thereon and that your audit was conducted in accordance with lnternational Standards on
Auditing, which involves an examination of the accounting system, internal control and related
data to the extent you considered necessary in the circumstances, and is not designed to identify
- nor necessarily be expected to disclose - fraud, shortages, errors and other irregularities,
should any exist.
Accordingly, we make the following representations, which are true to the best of our
knowledge and belief:
A. Financial Reports and Financial Records
1. We acknowledge, as members of management of the Ministry, our responsibility forthe fair presentation of the financial reports. We believe the financial reports
comprising Project Sources and Uses of funds, Bank Reconciliation Statement,
J.
Summary of Summary Reports or SOEs and Uses of Fund by Project Activity are
prepared in all material aspects, in accordance with the financial reporting provisions
of the Contracts and in accordance with the provision of Section 5.09 of the.,International Bank for Reconstruction and Development General Conditions for
Loans".
The significant accounting policies adopted in the preparation of the financial reports
are appropriately described in the financial reports.
Each element of the financial repofts is properly classified, described and disclosed
in accordance with the Contracts and in accordance with the provision of Section
5.09 of the "lnternational Bank for Reconstruction and Development General
Conditions for Loans".
As members of management of the Ministry, we believe that the Ministry has a
system of internal controls adequate to permit the preparation of accurate financial
reports in accordance with the Contracts and in accordance with the provision of
Section 5.09 ofthe "lnternational Bank for Reconstruction and Development General
Conditions for Loans".
There are no unadjusted audit differences identified during the current audit and
pertaining to the latest period presented which should be reported to you.
The payments out of the Designated Account have been made in accordance with the
conditions of the relevant (loan/financing) agreements. There were no ineligible
expenditures.
The Designated Account has been maintained in accordance with the provisions of
the Contracts and in accordance with the provision of Section 5.09 of the,,International Bank for Reconstruction and Development General Conditions for
Loans". This also comprises interest earned from balances'
Expenditures are supported by relevant and reliable evidence. All supporting
documents and records with respect to the statement of expenditure submitted as the
basis for withdrawal applications have been made available.
The audited statement of expenditures can be relied upon to support the related
withdrawal requests. Clear linkage should exist between the statement ofexpenditures, the withdrawal requests presented to World Bank and accounting
records.
-t.
10. Goods and services financed have been procured in accordance with the relevant
(loan/fi nancin g) agreement.
B. Fraud
l. We acknowledge that we are responsible for the design, implementation and
maintenance of internal controls to prevent and detect fraud.
2.
4.
5.
6.
8.
9.
we have disclosed to you the results of our assessment of the risk that the financial
reports may be materially misstated as a result of fraud'
we have no knowledge of any fraud or suspected fraud involving management or
other employees who huu" u significant role in the Ministry's intemal controls over
financial reporting. In addition, we have no knowledge of any fraud or suspected
fraud involving other employees in which the fraud could have a material effect on
thefinancialreports.Wehavenoknowledgeofanyallegationsoffinancialimproprieties, including fraud or suspected fraud, (regardless of the source or form
and including without iimitation, any allegations by "whistleblowers") which could
result in a misstatement of the financial reports or otherwise affect the financial
reporting of the MinistrY.
C. Compliance with Laws and Regulations
1. we have disclosed to you all known actual or suspected noncompliance with laws and
t."goiu,ion. whose efflcts should be considered when preparing the financial reports'
There has been no noncompliance with requirements of regulatory authorities that
could have a material effect on the financial reports in the event of noncompliance'
3. We ,are not aware of any litigation in connection with Project against the Ministry
initiated Uy ott1". parties o1" iny litigation initiated by the Ministry towards other
parties.
D. Information Provided and completeness of Information and Transactions
1. We have Provided You with:
o Access to all information of which we are aware that is relevant to the preparation
of the flnancial reports such as records, documentation and other matters
o Additional infbrmation that you have requested from us for the purpose of the
audit and
o Unrestricted access to persons within the entity from whom you determined it
necessary to obtain audit evidence'
All transactions have been recorded in the accounting records and are reflected in the
financial reports.
we have disclosed to you, and the Ministry has complied-with, all aspects of
contractual agreements that could have a material effect on the financial reports in the
event of non-compliance, including all covenants, conditions or other requirements of
all outstanding debt.
2.
--) .
2.
2.
J.
H. Changes in accounting Policies
There were no significant changes in accounting policies with respect to Advance Agreement
forthe preparation of the Proposed Nature Protection Investment Project dated 5 March 2009
and Loan Agreement for EU Natura 2000 Integration Project dated Februaty 22,2011 between
Republic of Croatia and The World Bank ("the Contracts") and in accordance with the provision
of Section 5.09 of the "Intemational Bank for Reconstruction and Development General
Conditions for Loans".
Very truly yours,
3tr-Stela Ladarevii, Financial specialist
f,,#{o*"4h;&)ffi87,^ ]idkuffiH
stant Minister.ironmental and Nature Protection
Igor Kreitmeyer,