FICADEX ALBANIA Ltd

INDEPENDENT AUDITORS REPORT

with audited Financial Statements

Second Youth Development Project

(Social Development Initiative for South Eastern Europe SDISEE Grant No TF054916) and

(State and Peace Building SPF Grant No TF 098547)

for the year ended 31 December 2012

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Project

Second Youth Development Project

(Social Development Initiative for South Eastern Europe

SDlSEE Grant No TF054916)

(State and Peace Building SPF Grant No TF 098547)

Projecl fD P2(j(j2 j

5tatus Active

Approval darpound Dlaquocember 10 2010

Elkctive date January j 7 20 J2

Ciosing dote March 31 2fJ1J

Country Kosovo

Audited by

F1CADEX ALBANIA Ltd

Jacques COUBERT MariJDUSHl

llVW fica~-Qm

fission

Audit of special purpose Financial Statements

For the year ended December 3 1 2012

Report

Date July 252013

Version Final report

Declaration ofresponsibility

The entire documentation was provided by (he management of the Project and VIE1 of Kosovo

Content Page

Independent Auditors Report 1-2

with

Audited financial statements of the project

bull SlJitement of Sources and Uses of Funds for the year ended 3 I December 2012

bull Statement of expenditures for the year cnded 31 December 2012 2-3

bull Notes to the Financial Statements as at J J December 20 J 2 4- J )

Supplementary schedule to the FinallclOl SWlemenls

bull Accumulated statement of expenditures for the period from June 17 20 II I - II

(inception date) up to 31 December 20 J2

Telephone + 355 52237 859FICADEX ALBANIA Ltd TeVfux + 355 52 2 37 859 SARACEVE street Building no 6 No

I Munieipal Unit no 8 Tirana-Albania E-mail alliC3dera9Jlluil comClll1cadexfrlmtJ1ltlii com

Migjeni street 147 Q 4 Durres - Albania Web site illnvJlcad~2m

INDEPENDENT AUDITORS REPORT

To the Minister of Economy and Finance

of Republic of Kosovo

We have audited the accompanying financial statements of Second Youth Development Project financed under World Bank SDISEE Grant NoTF054916 and SPF Grant NoIF 098547 which comprise the Statement of Cash Receipts and Payments and the Statement of Expenditures for the year ended December 3 120 I2 and the related notes to the fmancial statements

Management s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with the cash basis of accounting described in Note 2 to the Financial Statements this includes determining that the cash basis of accounting is an acceptable bases for the preparation of the financial statements in the circumstances Management is also responsible for the design implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement whether due to fraud or error

Auditors ResponSibility

Our responsibility is to express an opinion on these financial statements based on our audit We conducted our audit in accordance with International 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 fmancial statements are free from 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 auditors judgment including the assessment of the risks of material misstatement of the fmancial statements whether due to fraud or error In making those risk assessments the auditor considers internal control relevant to the entitys preparation and fair presentation 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 ofthe entitys internal control Accordingly we express no such opinion An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant 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

11 pj ~ -

Telephone + 355 52 2 37 859 FICADEX ALBANIA Ltd

SARACEVE street Building no 6 No TeVfax + 355 52 2 37 859

t Municipal Unit no 8 Tirana-Albania E-mail aiflCadcxilikmall com~lfJcadcx0)1l()l ll1 ai lcom

Migjeni street 147 Q 4 Durres - Albania Web site ~~3Y~Jj CltJillx com

Opinion

In our opinion the financial statements referred to above presents fairly in all material respects the funds received and expenses paid by the Second Youth Development Project financed Wlder World Bank SDISEE Grant NOTF054916 and SPF Grant NoTF 098547 for tbe year ended December 31 2012 in accordance with the cash receipts and disbursements basis as described in Note 2 to tbe financial statements

Basis ofAccounting

We draw attention to Note 2 oftbe financial statements which describe tbe basis ofaccoWlting The financial statements are prepared on tbe cash basis of accounting which is a basis of accounting otber than accounting principles generally accepted in the Republic of Kosovo Our opinion is not modified with respect to this matter

The fmancial statements are prepared to assist tbe Project to meet tbe requirements of World Bank and tbe Government of Republic of Kosovo As a result tbe fmancial statements may not be suitable for another purpose

Restriction On Use

Our report is intended solely for the information and use of Government of Kosovo Projects donors and Projects management and is not intended to be and should not be used by anyone other than these specified parties

Jacques COLIBERT

Marije DUSlU

)

21

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SF F Grant No TF 098547)

Special purpose Statement of Sources and Uses of Funds for the year ended 31 December 2012 (in EUR unless otherwise stated)

Sources and uses Notes

Sources of Funds

SPF Grant no TF 098547 funding

4

SDlSEE Grant no TF 054916 funding

5

TF 098547 - Temporary advances by Government of Kosovo

6

TF 05491 6 - Temporary advances by Government of Kosovo

6

Total courses

Uses ofFuRds

Goods 7

Consulting services 8

Training and workshops

Incremental Operating Costs

9

10

Sub grants Resource Hub Mitrovica 11

Year ended

December 31 2012

December 31 2011

12518446

35932980

4906000 666539

7842695

61200721 666539

(602692)

(54642183)

(4104152)

(1673694)

(492325)

(70000)

( 104214)

(178000) -)

Cumulative from Junel6 2011

(inceptjon date) to

December 31 2012

12518446

35932980

5573139

7842695

61867260

(602692)

(55 134508)

(4 174152)

(1777908)

(178000)

Total uses 12 (61200721) (666539) (61867260) (Deficit)Surplus of receipts over disbursements

Exchange rate differences

Cash on band and at banks at the end of the year

The Statement of Sources and Uses of Funds is to be read in conjunction with the notes set out on pages 4 to II and fonning an integral part of the fmancial statements

The financial statements of the Second Kosovo Youth Development Project were authorised for issue by the management of the Ministry of Culture Youth and Sports and on S)0712013 and

edo ilSbdlfbY gj()) NDl Enver Kerqeli I

Financial Specialist

Content Page

Independent Auditors Report 1-2

with

Audited financial statements of the project

bull SlJitement of Sources and Uses of Funds for the year ended 3 I December 2012

bull Statement of expenditures for the year cnded 31 December 2012 2-3

bull Notes to the Financial Statements as at J J December 20 J 2 4- J )

Supplementary schedule to the FinallclOl SWlemenls

bull Accumulated statement of expenditures for the period from June 17 20 II I - II

(inception date) up to 31 December 20 J2

Telephone + 355 52237 859FICADEX ALBANIA Ltd TeVfux + 355 52 2 37 859 SARACEVE street Building no 6 No

I Munieipal Unit no 8 Tirana-Albania E-mail alliC3dera9Jlluil comClll1cadexfrlmtJ1ltlii com

Migjeni street 147 Q 4 Durres - Albania Web site illnvJlcad~2m

INDEPENDENT AUDITORS REPORT

To the Minister of Economy and Finance

of Republic of Kosovo

We have audited the accompanying financial statements of Second Youth Development Project financed under World Bank SDISEE Grant NoTF054916 and SPF Grant NoIF 098547 which comprise the Statement of Cash Receipts and Payments and the Statement of Expenditures for the year ended December 3 120 I2 and the related notes to the fmancial statements

Management s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with the cash basis of accounting described in Note 2 to the Financial Statements this includes determining that the cash basis of accounting is an acceptable bases for the preparation of the financial statements in the circumstances Management is also responsible for the design implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement whether due to fraud or error

Auditors ResponSibility

Our responsibility is to express an opinion on these financial statements based on our audit We conducted our audit in accordance with International 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 fmancial statements are free from 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 auditors judgment including the assessment of the risks of material misstatement of the fmancial statements whether due to fraud or error In making those risk assessments the auditor considers internal control relevant to the entitys preparation and fair presentation 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 ofthe entitys internal control Accordingly we express no such opinion An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant 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

11 pj ~ -

Telephone + 355 52 2 37 859 FICADEX ALBANIA Ltd

SARACEVE street Building no 6 No TeVfax + 355 52 2 37 859

t Municipal Unit no 8 Tirana-Albania E-mail aiflCadcxilikmall com~lfJcadcx0)1l()l ll1 ai lcom

Migjeni street 147 Q 4 Durres - Albania Web site ~~3Y~Jj CltJillx com

Opinion

In our opinion the financial statements referred to above presents fairly in all material respects the funds received and expenses paid by the Second Youth Development Project financed Wlder World Bank SDISEE Grant NOTF054916 and SPF Grant NoTF 098547 for tbe year ended December 31 2012 in accordance with the cash receipts and disbursements basis as described in Note 2 to tbe financial statements

Basis ofAccounting

We draw attention to Note 2 oftbe financial statements which describe tbe basis ofaccoWlting The financial statements are prepared on tbe cash basis of accounting which is a basis of accounting otber than accounting principles generally accepted in the Republic of Kosovo Our opinion is not modified with respect to this matter

The fmancial statements are prepared to assist tbe Project to meet tbe requirements of World Bank and tbe Government of Republic of Kosovo As a result tbe fmancial statements may not be suitable for another purpose

Restriction On Use

Our report is intended solely for the information and use of Government of Kosovo Projects donors and Projects management and is not intended to be and should not be used by anyone other than these specified parties

Jacques COLIBERT

Marije DUSlU

)

21

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SF F Grant No TF 098547)

Special purpose Statement of Sources and Uses of Funds for the year ended 31 December 2012 (in EUR unless otherwise stated)

Sources and uses Notes

Sources of Funds

SPF Grant no TF 098547 funding

4

SDlSEE Grant no TF 054916 funding

5

TF 098547 - Temporary advances by Government of Kosovo

6

TF 05491 6 - Temporary advances by Government of Kosovo

6

Total courses

Uses ofFuRds

Goods 7

Consulting services 8

Training and workshops

Incremental Operating Costs

9

10

Sub grants Resource Hub Mitrovica 11

Year ended

December 31 2012

December 31 2011

12518446

35932980

4906000 666539

7842695

61200721 666539

(602692)

(54642183)

(4104152)

(1673694)

(492325)

(70000)

( 104214)

(178000) -)

Cumulative from Junel6 2011

(inceptjon date) to

December 31 2012

12518446

35932980

5573139

7842695

61867260

(602692)

(55 134508)

(4 174152)

(1777908)

(178000)

Total uses 12 (61200721) (666539) (61867260) (Deficit)Surplus of receipts over disbursements

Exchange rate differences

Cash on band and at banks at the end of the year

The Statement of Sources and Uses of Funds is to be read in conjunction with the notes set out on pages 4 to II and fonning an integral part of the fmancial statements

The financial statements of the Second Kosovo Youth Development Project were authorised for issue by the management of the Ministry of Culture Youth and Sports and on S)0712013 and

edo ilSbdlfbY gj()) NDl Enver Kerqeli I

Financial Specialist

Telephone + 355 52237 859FICADEX ALBANIA Ltd TeVfux + 355 52 2 37 859 SARACEVE street Building no 6 No

I Munieipal Unit no 8 Tirana-Albania E-mail alliC3dera9Jlluil comClll1cadexfrlmtJ1ltlii com

Migjeni street 147 Q 4 Durres - Albania Web site illnvJlcad~2m

INDEPENDENT AUDITORS REPORT

To the Minister of Economy and Finance

of Republic of Kosovo

We have audited the accompanying financial statements of Second Youth Development Project financed under World Bank SDISEE Grant NoTF054916 and SPF Grant NoIF 098547 which comprise the Statement of Cash Receipts and Payments and the Statement of Expenditures for the year ended December 3 120 I2 and the related notes to the fmancial statements

Management s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with the cash basis of accounting described in Note 2 to the Financial Statements this includes determining that the cash basis of accounting is an acceptable bases for the preparation of the financial statements in the circumstances Management is also responsible for the design implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement whether due to fraud or error

Auditors ResponSibility

Our responsibility is to express an opinion on these financial statements based on our audit We conducted our audit in accordance with International 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 fmancial statements are free from 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 auditors judgment including the assessment of the risks of material misstatement of the fmancial statements whether due to fraud or error In making those risk assessments the auditor considers internal control relevant to the entitys preparation and fair presentation 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 ofthe entitys internal control Accordingly we express no such opinion An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant 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

11 pj ~ -

Telephone + 355 52 2 37 859 FICADEX ALBANIA Ltd

SARACEVE street Building no 6 No TeVfax + 355 52 2 37 859

t Municipal Unit no 8 Tirana-Albania E-mail aiflCadcxilikmall com~lfJcadcx0)1l()l ll1 ai lcom

Migjeni street 147 Q 4 Durres - Albania Web site ~~3Y~Jj CltJillx com

Opinion

In our opinion the financial statements referred to above presents fairly in all material respects the funds received and expenses paid by the Second Youth Development Project financed Wlder World Bank SDISEE Grant NOTF054916 and SPF Grant NoTF 098547 for tbe year ended December 31 2012 in accordance with the cash receipts and disbursements basis as described in Note 2 to tbe financial statements

Basis ofAccounting

We draw attention to Note 2 oftbe financial statements which describe tbe basis ofaccoWlting The financial statements are prepared on tbe cash basis of accounting which is a basis of accounting otber than accounting principles generally accepted in the Republic of Kosovo Our opinion is not modified with respect to this matter

The fmancial statements are prepared to assist tbe Project to meet tbe requirements of World Bank and tbe Government of Republic of Kosovo As a result tbe fmancial statements may not be suitable for another purpose

Restriction On Use

Our report is intended solely for the information and use of Government of Kosovo Projects donors and Projects management and is not intended to be and should not be used by anyone other than these specified parties

Jacques COLIBERT

Marije DUSlU

)

21

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SF F Grant No TF 098547)

Special purpose Statement of Sources and Uses of Funds for the year ended 31 December 2012 (in EUR unless otherwise stated)

Sources and uses Notes

Sources of Funds

SPF Grant no TF 098547 funding

4

SDlSEE Grant no TF 054916 funding

5

TF 098547 - Temporary advances by Government of Kosovo

6

TF 05491 6 - Temporary advances by Government of Kosovo

6

Total courses

Uses ofFuRds

Goods 7

Consulting services 8

Training and workshops

Incremental Operating Costs

9

10

Sub grants Resource Hub Mitrovica 11

Year ended

December 31 2012

December 31 2011

12518446

35932980

4906000 666539

7842695

61200721 666539

(602692)

(54642183)

(4104152)

(1673694)

(492325)

(70000)

( 104214)

(178000) -)

Cumulative from Junel6 2011

(inceptjon date) to

December 31 2012

12518446

35932980

5573139

7842695

61867260

(602692)

(55 134508)

(4 174152)

(1777908)

(178000)

Total uses 12 (61200721) (666539) (61867260) (Deficit)Surplus of receipts over disbursements

Exchange rate differences

Cash on band and at banks at the end of the year

The Statement of Sources and Uses of Funds is to be read in conjunction with the notes set out on pages 4 to II and fonning an integral part of the fmancial statements

The financial statements of the Second Kosovo Youth Development Project were authorised for issue by the management of the Ministry of Culture Youth and Sports and on S)0712013 and

edo ilSbdlfbY gj()) NDl Enver Kerqeli I

Financial Specialist

Telephone + 355 52 2 37 859 FICADEX ALBANIA Ltd

SARACEVE street Building no 6 No TeVfax + 355 52 2 37 859

t Municipal Unit no 8 Tirana-Albania E-mail aiflCadcxilikmall com~lfJcadcx0)1l()l ll1 ai lcom

Migjeni street 147 Q 4 Durres - Albania Web site ~~3Y~Jj CltJillx com

Opinion

In our opinion the financial statements referred to above presents fairly in all material respects the funds received and expenses paid by the Second Youth Development Project financed Wlder World Bank SDISEE Grant NOTF054916 and SPF Grant NoTF 098547 for tbe year ended December 31 2012 in accordance with the cash receipts and disbursements basis as described in Note 2 to tbe financial statements

Basis ofAccounting

We draw attention to Note 2 oftbe financial statements which describe tbe basis ofaccoWlting The financial statements are prepared on tbe cash basis of accounting which is a basis of accounting otber than accounting principles generally accepted in the Republic of Kosovo Our opinion is not modified with respect to this matter

The fmancial statements are prepared to assist tbe Project to meet tbe requirements of World Bank and tbe Government of Republic of Kosovo As a result tbe fmancial statements may not be suitable for another purpose

Restriction On Use

Our report is intended solely for the information and use of Government of Kosovo Projects donors and Projects management and is not intended to be and should not be used by anyone other than these specified parties

Jacques COLIBERT

Marije DUSlU

)

21

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SF F Grant No TF 098547)

Special purpose Statement of Sources and Uses of Funds for the year ended 31 December 2012 (in EUR unless otherwise stated)

Sources and uses Notes

Sources of Funds

SPF Grant no TF 098547 funding

4

SDlSEE Grant no TF 054916 funding

5

TF 098547 - Temporary advances by Government of Kosovo

6

TF 05491 6 - Temporary advances by Government of Kosovo

6

Total courses

Uses ofFuRds

Goods 7

Consulting services 8

Training and workshops

Incremental Operating Costs

9

10

Sub grants Resource Hub Mitrovica 11

Year ended

December 31 2012

December 31 2011

12518446

35932980

4906000 666539

7842695

61200721 666539

(602692)

(54642183)

(4104152)

(1673694)

(492325)

(70000)

( 104214)

(178000) -)

Cumulative from Junel6 2011

(inceptjon date) to

December 31 2012

12518446

35932980

5573139

7842695

61867260

(602692)

(55 134508)

(4 174152)

(1777908)

(178000)

Total uses 12 (61200721) (666539) (61867260) (Deficit)Surplus of receipts over disbursements

Exchange rate differences

Cash on band and at banks at the end of the year

The Statement of Sources and Uses of Funds is to be read in conjunction with the notes set out on pages 4 to II and fonning an integral part of the fmancial statements

The financial statements of the Second Kosovo Youth Development Project were authorised for issue by the management of the Ministry of Culture Youth and Sports and on S)0712013 and

edo ilSbdlfbY gj()) NDl Enver Kerqeli I

Financial Specialist

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SF F Grant No TF 098547)

Special purpose Statement of Sources and Uses of Funds for the year ended 31 December 2012 (in EUR unless otherwise stated)

Sources and uses Notes

Sources of Funds

SPF Grant no TF 098547 funding

4

SDlSEE Grant no TF 054916 funding

5

TF 098547 - Temporary advances by Government of Kosovo

6

TF 05491 6 - Temporary advances by Government of Kosovo

6

Total courses

Uses ofFuRds

Goods 7

Consulting services 8

Training and workshops

Incremental Operating Costs

9

10

Sub grants Resource Hub Mitrovica 11

Year ended

December 31 2012

December 31 2011

12518446

35932980

4906000 666539

7842695

61200721 666539

(602692)

(54642183)

(4104152)

(1673694)

(492325)

(70000)

( 104214)

(178000) -)

Cumulative from Junel6 2011

(inceptjon date) to

December 31 2012

12518446

35932980

5573139

7842695

61867260

(602692)

(55 134508)

(4 174152)

(1777908)

(178000)

Total uses 12 (61200721) (666539) (61867260) (Deficit)Surplus of receipts over disbursements

Exchange rate differences

Cash on band and at banks at the end of the year

The Statement of Sources and Uses of Funds is to be read in conjunction with the notes set out on pages 4 to II and fonning an integral part of the fmancial statements

The financial statements of the Second Kosovo Youth Development Project were authorised for issue by the management of the Ministry of Culture Youth and Sports and on S)0712013 and

edo ilSbdlfbY gj()) NDl Enver Kerqeli I

Financial Specialist

Second Kosovo Youth Development Project

(SDSEE Grant No TF05496) (SPF Grant No TF 098547)

Special purpose Statement of expenditure withdrawal Application for the year ended 31 December 2012

(in EUR unless otherwise stated)

SPF Grant no TF 98547

WHhdrawal Type of App Pym Consultant Sub Incremental nat~Paid amounl Goods Training SOE Difference Value dateapplication application AmI services grants Costs rereived

KYDP 201 Reimbursement 3938143 3938143 99570 706857 2388664 743052 3938143 14-My-12 01-lun-12

KYDP 2106 Reimbursement 41 57919 41 57919 323264 2011 27 2673533 178000 781995 4157919 14-Sep-12 25-Sep-12

KYDP 208 Reimbursement 44 22384 4422384 ll9858_ 1726410_ 1988590 527226 4422384 12-Nov-12 21-Nov-12

Total Reim bursement 12518446 12518446 602692 2634394 7051087 178000 2052273 f2518446

DP

Tolal Directpaymenls t ~ - ~(

~WA cotal middot 12518446 1251844L 602sect92~ 748257 7563586178000 342~911 1231844P shy -

$(V~i Agron KELMENDI Enverkerqelt shyProject coordinator Financial Specialist

lIP l g L

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SPF Grant No TF 098547)

Special purpose Statement of expenditure withdrawal Application for the year ended 31 December 2012 (in EUR unless otherwise Slaled)

SDISEE Grant no TF 054916

Withdrawal Type of App Pym Paid Consultant Incremental DateGoods Training SOE Difference Value dateapplication application AmI amount services Costs received

KYDP 2109 Reimbursement 2264000 2264000 2264000 2264000 22middotNov~12 03-Dec-12 Total Reimbursement 2264000 2264000 2264000 2264000 __

KYDP 2102 Direct payment 2302000 2302000 2302000 2302000 09-iul-12 16-iul-12

KYOP 2103 Direct payment 2776280 2776280 2776280 2776280 09-iul-12 16-Jul-12

KYDP 2104 Direct payment 5755000 5755000 5755000 5755000 05-Sep-12 19-5ep-12

KYDP 205 Direct payment 6940700 6940700 69407 00 6940700 05-Sep-12 19-5ep-12

KYDP 207 Direct payment 9537000 9537000 953 7000 95 37000 01-0cl-12 09-0ct-12

KYDP210 Direct payment _ 632800~ ~58000 6358000 63 58000 17-oc-12 28-0ec-12

Total D~rec parfe~ts 3366amp 80 33668980 33668980 33668980

WA lotal bull 31In9SO 35932980 35932980 35932980 -middott M- - bull

1

~ Enver Kerqeli

Project coordinator Financial Specialist

3

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SPF Grant No TF 098547)

Notes to the Special purpose Financial Statements ror the year ended 31 December 2012 (in EUR unless otherwise staled)

1 General

The Agreement Letters (Agreement) for the Second Kosovo Youth Development Project (KYDP) shySPF TF Grant No 098547 and SDISEE TF Grant No 054916 and (the Projects) was signed between the International Development Association (Association) and the Republic of Kosovo or the Recipient on June 16 20 II and have been effective on date January 172012

The Project started is funded by grant provided by State and Peace Building Trust Fund (SPF grant no TF098547) in an amount not to exceed Two Million United States Dollars (US$2000000) (Granf) on the terms and conditions set forth or referred to in the Agreement which is administered by the International Development Association (IDA or the Association) a division of the World Bank and as such are subject to the IDA policies and procedures

International Development Association (IDA) acting as administrator of grant funds provided by Social Development Initiative for South Eastern Europe (SDISEE grant TF054916) Trust Fund proposes to extend to the Recipient a grant in an amount not to exceed Six Hundred and Thirty One Thousand Nine Hundred and One Euro (631901) (Grant) on the terms and conditions set forth or referred to in the letter agreement (Agreement) to assist in the co-financing of the project This Grant is funded out of the abovementioned trust fund for which the World Bank receives periodic contributions

At the commencement of the Project the Government of Kosovo (the Recipient) established a Project Management Unit (PMU) within the Ministry of Culture Youth and Sports to implement monitor control and completes the operation of the Project

At 31 December 2012 the Project had 5 employees

The Second Kosovo Youth Development Project aims to promote Youth entrepreneurship through business development and entrepreneurship activities vocational training and apprenticeships and complementary capacity building to equip youth with the necessary skills to successfully undertake employment creating activities

This Project consists of the following parts

Il SPF Grant No TF098547

1 Aims to promote social cohesion through inter-ethnic collaboration among youth especially from marginalized and vulnerable groups and

ii To improve economic opportunities for young people and sustainable access to youth services in Kosovo

a) Part A Sustainable Youth Centres Provision of grants to identified youth centres and resource hubs in Kosovo based on the sustainability strategy developed by each of them to support implementation of said sustainability strategy Consolidation of the knowledge network of reSOurce hubs and the youth centres through establishment of a database of qualified trainers mentors coaches and educators for youth development of twinning systems with new youth centres entering the program and cross centre cooperation and role modelling systems

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SPF Grant No TF 098547)

Comulative Statement of expenditure witbdrawal Schedule for the year ended 31 December 2012 (in EUR unless otherwise stated)

1 Genera (continued)

11 SPF Grant No TF098547 (continued)

b) Part B Youth Entrepreneurship and Business Development

1 Capacity building for business development through provision of a range of business development trainings and individualized coaching and mentorship for selected youth Participants are expected to develop a business plan enabling them to compete for further support

ii Provision of vocational training and apprenticeships programs for selected youth including the facilitation of vocational training placements and apprenticeships with credible institutions and the provision of a stipend to the trainee

111 Provision of financial suppon for young entrepreneurs and apprentices through (x) provision of Micro Credits to youth whose business plans are selected by an evaluation committee through a competitive evaluation process (y) provision of coaching and mentoring to Recipients of a Micro Credit grant and (z) provision of Equipment Grants for equipment and tools needed during apprenticeships

The Pan B of the Project is co-financed with the Social Development Initiative for South Eastern Europe (SDISEE) Trust Fund (SDISEE Grant No TF054916

c) Part C Institutional Capacity for Youth Development Institutional capacity building for youth development in Kosovo through support for youth policy development and implementation and capacity building for the Department of Youth This includes assisting the Department of Youth in implementing the Kosovo Youth Action Plan and the Kosovo Law on Panicipation and Empowerment of Youth and assisting the Depanment of Youth in building stronger pannerships and multi-stakeholder collaboration for youth development

d) Part D Project Management and Monitoring Project management monitoring and evaluation inclUding support for overall management and coordination of the Project carrying out of fiduciary responsibilities as well as the carrying out of procurement financial reporting and accounting activities including Project audit and other reporting for the Project

SDSSE Grant No TF054916

a) Part 1 Capacity building for business development through providing a range of business development trainings and individualized coaching and mentorship for se lected youth At the end of the trainings successful panicipants are expected to have developed a business plan enabling them to compete for further support

b) Part 2 Provision of vocational training and apprenticeships programs for selected youth Vocational training placements and apprenticeships with credible institutions will be facilitated and the trainee may be provided with a stipend

5

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SP F Grant No TF 098547)

Comulative Statement of erpenditure withdrawal Schedule for the year ended 31 December 2012 (in EUR unless othenvise stated)

State and Peace Building Trust (SPF Grant No TF 098547)

In accordance with the Agreement Letter (Agreement) dated March 30 20 11 between the International Development Association acting as administrator (the IDA or the Association) a division of the World Bank and Government of Kosovo the Project received a grant not exceed Two million united States Dollars (US$2000000)

The following table specifies the categories of Eligible Expenditures that may be financed the allocations of the amount of the grant to each category and the percentage of expenditures to be financed for Eligible Expenditures in each category

Category Amount of grant of expenditures to be

needed to achieve the Project objectives for Part A C and D under the Project as well as Operating costs for the project All goods consultant services sub-grants and training 922500 100 needed to achieve the Project objectives for Part B under the project Unallocated 99 122 100

Total 2000000

As at 31 December 2012 EUR 12518446 Or USD or 15888572 USD (201l no disbursement) were disbursement from the Grant

Social Development Initiative for South Eastern Europe (SDISEE grant TF 054916)

In accordance with the Agreement Letter ( Agreemenf) dated April 22 20 II between the International Development Association acting as administrator (the IDA or the Association) a division of the World Bank and Government ofKosovo the Project received a grant not exceed Six hundred and thirty one thousand and nine hundred and one Euro (euro 63 1901)

The following table specifies the categories of Eligible Expenditures that may be financed the allocations of the amount of the grant to each category and the percentage of expenditures to be financed for Eligible Expenditures in each category

Category Amount of grant of expenditures to allocated (in EUR) be financed

Goods consultant services and training for 631 901 100 Youth Entrepreneurship and business Development

Total 631901

As at 31 December 20 12 EUR 35932980 (201 1 no diSbursement) were disbursement from the Grant

6

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SPF Grant No TF 098547)

Comulative Statement of expenditure witbdrawal Schedule for the year ended 31 December 2012 (in EUR unless otherwise stated)

1 Genera (continued)

11 SPF Grant No TF098547 (continued)

b) Part B Youth Entrepreneurship and Business Development

1 Capacity building for business development through provision of a range of business development trainings and individualized coaching and mentorship for selected youth Participants are expected to develop a business plan enabling them to compete for further support

ii Provision of vocational training and apprenticeships programs for selected youth including the facilitation of vocational training placements and apprenticeships with credible institutions and the provision of a stipend to the trainee

111 Provision of financial suppon for young entrepreneurs and apprentices through (x) provision of Micro Credits to youth whose business plans are selected by an evaluation committee through a competitive evaluation process (y) provision of coaching and mentoring to Recipients of a Micro Credit grant and (z) provision of Equipment Grants for equipment and tools needed during apprenticeships

The Pan B of the Project is co-financed with the Social Development Initiative for South Eastern Europe (SDISEE) Trust Fund (SDISEE Grant No TF054916

c) Part C Institutional Capacity for Youth Development Institutional capacity building for youth development in Kosovo through support for youth policy development and implementation and capacity building for the Department of Youth This includes assisting the Department of Youth in implementing the Kosovo Youth Action Plan and the Kosovo Law on Panicipation and Empowerment of Youth and assisting the Depanment of Youth in building stronger pannerships and multi-stakeholder collaboration for youth development

d) Part D Project Management and Monitoring Project management monitoring and evaluation inclUding support for overall management and coordination of the Project carrying out of fiduciary responsibilities as well as the carrying out of procurement financial reporting and accounting activities including Project audit and other reporting for the Project

SDSSE Grant No TF054916

a) Part 1 Capacity building for business development through providing a range of business development trainings and individualized coaching and mentorship for se lected youth At the end of the trainings successful panicipants are expected to have developed a business plan enabling them to compete for further support

b) Part 2 Provision of vocational training and apprenticeships programs for selected youth Vocational training placements and apprenticeships with credible institutions will be facilitated and the trainee may be provided with a stipend

5

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SP F Grant No TF 098547)

Comulative Statement of erpenditure withdrawal Schedule for the year ended 31 December 2012 (in EUR unless othenvise stated)

State and Peace Building Trust (SPF Grant No TF 098547)

In accordance with the Agreement Letter (Agreement) dated March 30 20 11 between the International Development Association acting as administrator (the IDA or the Association) a division of the World Bank and Government of Kosovo the Project received a grant not exceed Two million united States Dollars (US$2000000)

The following table specifies the categories of Eligible Expenditures that may be financed the allocations of the amount of the grant to each category and the percentage of expenditures to be financed for Eligible Expenditures in each category

Category Amount of grant of expenditures to be

needed to achieve the Project objectives for Part A C and D under the Project as well as Operating costs for the project All goods consultant services sub-grants and training 922500 100 needed to achieve the Project objectives for Part B under the project Unallocated 99 122 100

Total 2000000

As at 31 December 2012 EUR 12518446 Or USD or 15888572 USD (201l no disbursement) were disbursement from the Grant

Social Development Initiative for South Eastern Europe (SDISEE grant TF 054916)

In accordance with the Agreement Letter ( Agreemenf) dated April 22 20 II between the International Development Association acting as administrator (the IDA or the Association) a division of the World Bank and Government ofKosovo the Project received a grant not exceed Six hundred and thirty one thousand and nine hundred and one Euro (euro 63 1901)

The following table specifies the categories of Eligible Expenditures that may be financed the allocations of the amount of the grant to each category and the percentage of expenditures to be financed for Eligible Expenditures in each category

Category Amount of grant of expenditures to allocated (in EUR) be financed

Goods consultant services and training for 631 901 100 Youth Entrepreneurship and business Development

Total 631901

As at 31 December 20 12 EUR 35932980 (201 1 no diSbursement) were disbursement from the Grant

6

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SP F Grant No TF 098547)

Comulative Statement of erpenditure withdrawal Schedule for the year ended 31 December 2012 (in EUR unless othenvise stated)

State and Peace Building Trust (SPF Grant No TF 098547)

In accordance with the Agreement Letter (Agreement) dated March 30 20 11 between the International Development Association acting as administrator (the IDA or the Association) a division of the World Bank and Government of Kosovo the Project received a grant not exceed Two million united States Dollars (US$2000000)

The following table specifies the categories of Eligible Expenditures that may be financed the allocations of the amount of the grant to each category and the percentage of expenditures to be financed for Eligible Expenditures in each category

Category Amount of grant of expenditures to be

needed to achieve the Project objectives for Part A C and D under the Project as well as Operating costs for the project All goods consultant services sub-grants and training 922500 100 needed to achieve the Project objectives for Part B under the project Unallocated 99 122 100

Total 2000000

As at 31 December 2012 EUR 12518446 Or USD or 15888572 USD (201l no disbursement) were disbursement from the Grant

Social Development Initiative for South Eastern Europe (SDISEE grant TF 054916)

In accordance with the Agreement Letter ( Agreemenf) dated April 22 20 II between the International Development Association acting as administrator (the IDA or the Association) a division of the World Bank and Government ofKosovo the Project received a grant not exceed Six hundred and thirty one thousand and nine hundred and one Euro (euro 63 1901)

The following table specifies the categories of Eligible Expenditures that may be financed the allocations of the amount of the grant to each category and the percentage of expenditures to be financed for Eligible Expenditures in each category

Category Amount of grant of expenditures to allocated (in EUR) be financed

Goods consultant services and training for 631 901 100 Youth Entrepreneurship and business Development

Total 631901

As at 31 December 20 12 EUR 35932980 (201 1 no diSbursement) were disbursement from the Grant

6

Second Kosovo Youth Development Project

(SDSEE Grant No TF054916) (SPFGrantNo TF098547)

Comulative Statement of expenditure withdrawal Schedule for the year ended 31 December 2012 (in EUR unless otherwise slaled)

2 Basis of preparation

The financial statements of the project for the year ended December 31 2012 have been prepared for the purpose of complying with the provisions of the Projects objectives the World Bank guidelines and terms and conditions of the SDISEE Grant No TF054916 and SPF Grant No TF 098547

The financial statements comprise the Statement of Sources (Cash Receipts) and Uses (Payments) the Statement of Expenditure used as the basis for the submission of withdrawal applications for the year ended December 31 2012 and a summary of significant accounting policies and other explanatory notes

The Cumulative Statements of Expenditure used as the basis for the submission of withdrawal applications for the period from inception on June 162011 till December 31 2012 are presented as supplementary schedules Cumulative information on receipts and disbursements from the Projects inception date is presented in the Statement of Sources and Uses of Funds for information purposes only

The financial statements have been prepared in accordance with cash basis IPSAS - Financial Reporting under the Cash Basis of Accounting which differs from Kosovo and International Financial Reporting Standards On this basis income is recognised when received rather than when earned and expenses are recognised when paid rather than when incurred Accordingly direct and indirect payments of the Projects expenses which are made from the proceeds of the grants are recognised as sources and uses of funds at the time the payment is made

The financial statements are presented in Euros (EUR) unless otherwise stated

3 Summary of significant accounting policies

A summary of Significant accounting policies underlying the preparation of the Project s fmancia statements is presented below

31 Foreign currency transactions

The project accounts are maintained in Euros (EUR) the legal currency of Kosovo The Project deals predominantly in EUR while the foreign currencies the Project deals with are predominantly United State Dollars (USD)

Transactions in foreign currencies are translated to the functional currency at exchange rates on the dates of the transactions

Initial grant amount are maintained at the historical exchange rates The project translates the undrawn grant balance at the rates in effect on the year end The exchange rates in effect as at 31 December 2012 and 20 II were as follows

Hem 2012 2011

XDRIUSD 065065 077

USDXDR 153692

XDRIEUR 085775

EURlSDR Ll6583 Ll9

7

Second Kosovo Yootb Development Project

(SDISEE Grant No TF0549J6) (SP F Grant No TF 098547)

Comulative Statement of expenditure withdrawal Schedule for the yea- ended 31 December 2012 (in EUR unless otherwise slated)

32 Recognition of income and expenses

Income is recognised when received rather than when earned and expenses are recognised when paid rather than when incurred

33 Taxation

The Project is exempt from income Tax Value Added Tax (VAT) and Custom Duties The local employees of the project are liable for personal tax and social security contributions

4 SPF Grant No TF 098547

The Trust Fund funding for the years ended 3 I December 2012 and 20 II is composed as follows

Year ended Year endedItem 31 December 2012 31 December 20ll

Reimbursements 1251 8446

Direct payments

Total 12518446

5 SDISEE grant TF 054916

The Trust Fund funding for the years ended 31 December 2012 and 2011 is composed as follows

Item Year eoded 31 December 2012

Year ended 31 December 20ll

Reimbursements 2264000

Direct payments 33668980

Total 35932980

6 Temporary advances received by government of Kosovo

The temporary advances received by Government of Kosovo for the year ended 31 December 2012 and cumulative is composed as follows

Cumulative

Financed by Year ended Year euded from June 16 2011 December 31 2012 December 31 2011 (inception date) up to

December 31 2012 TF 098547 - Temporary advances received by GOK 4906600 666539 5573139 TF 054916 - Temporary advances received by OOK 7842695 7842695

Total 12749295 666539 13415834

The cumulative temporary advances received by GOK of 666539 Euro represent Withdrawal Application 00 I reimbursed on 2012

8

Second Kosovo Yootb Development Project

(SDISEE Grant No TF0549J6) (SP F Grant No TF 098547)

Comulative Statement of expenditure withdrawal Schedule for the yea- ended 31 December 2012 (in EUR unless otherwise slated)

32 Recognition of income and expenses

Income is recognised when received rather than when earned and expenses are recognised when paid rather than when incurred

33 Taxation

The Project is exempt from income Tax Value Added Tax (VAT) and Custom Duties The local employees of the project are liable for personal tax and social security contributions

4 SPF Grant No TF 098547

The Trust Fund funding for the years ended 3 I December 2012 and 20 II is composed as follows

Year ended Year endedItem 31 December 2012 31 December 20ll

Reimbursements 1251 8446

Direct payments

Total 12518446

5 SDISEE grant TF 054916

The Trust Fund funding for the years ended 31 December 2012 and 2011 is composed as follows

Item Year eoded 31 December 2012

Year ended 31 December 20ll

Reimbursements 2264000

Direct payments 33668980

Total 35932980

6 Temporary advances received by government of Kosovo

The temporary advances received by Government of Kosovo for the year ended 31 December 2012 and cumulative is composed as follows

Cumulative

Financed by Year ended Year euded from June 16 2011 December 31 2012 December 31 2011 (inception date) up to

December 31 2012 TF 098547 - Temporary advances received by GOK 4906600 666539 5573139 TF 054916 - Temporary advances received by OOK 7842695 7842695

Total 12749295 666539 13415834

The cumulative temporary advances received by GOK of 666539 Euro represent Withdrawal Application 00 I reimbursed on 2012

8

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SPFGrantNo TF098547)

Comulative Statement of expenditure withdrawal Schedule for the year ended 31 Decem ber 2012 (in EUR unless otherwise staled)

7 Goods

Expenditures for goods are detailed as follows

Year ended Year ended Item 31 December 2012 31 December 2011

PCmiddot Computers (for office) 3 12574

Office Furniture 2008 62

Office equipment 66200

Others 23056

Total 602692

8 Consultants services

Expenditures fo r Consultants services are detailed as follows

Item Year ended Year ended 31 December 2012 31 Decem ber 2011

Staff of the PCO net salaries

Income tax (on salaries)

Pension Contribution

Work shop for VET I

Work shop for VET 2

Work shop for startup businesses

Kosovo youth development Strategy

Promoting the project

Increasing capacity and susta of youth centers

Internship services

Publications-koha ditore

Audit services

Outreach Campaign launch

Internship practitioners

Apprenticeship administrationmiddot KS

Managing grants for tools and equip IESB

Managing startup grantsmiddot KS

Workshop on project Cycle manag for DoY

Total

6571782

464833

303074

8057000

9716980

15895000

770000

2264000

600000

90000

240000

14100

104807

5964907

1738100

1080000

551600

216000

4298 17

3789 1

24617

54642183 492325

9

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SP F Grant No TF 098547)

Comulative Statement of expenditure withdrawal Schedule for tbe year ended 31 December 2012 (in EUR unless otherwise stated)

9 Training

Expenditures for training and workshops are detailed as follows

Item Year ended Year ended 31 December 2012 31 December 2011

Staff training 130000 70000

Training in Italia for PCM 553164

SEES in Slovenia 234400

Youth summer camp 94615

Workshop for staff-YC sustainability 292400

Project cycle management Training 1161360

Training venue - Youth strategy developments (Hotel) 544650

Translations 64400

Project Strategic planning 779036

Travelling 250127

Total 4104152 70000

10 Incremental operating costs

Expenditures for Incremental operating costs are detailed as follows

Item Year ended Year ended 31 December 2012 31 December 2011

Pension Contribution 278457 24617

Post services 15721

Printing services 9100

Telecommunication costs 583990

Transport (fuel)-travel 174497

Car maintenance 90681 45129

Vehicle registration and Insurance 34468 34468

Office supply 334811

Others (petty cash) 151969

Total 1673694 104214

10

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SP F Grant No TF 098547)

Comulative Statement of expenditure withdrawal Schedule for the year ended 31 December 2012 (in EUR unless otherwise stated)

1l Sub grants

Expenditures for Technical services are detailed as follows

Item Year ended Year ended 31 December 2012 31 December 2011

Sub Grants for Resource Hub Mitrovica (rent office) 178000

Total 178000

12 Expenditures by parts

The expenditures by Project Parts for the year ended 31 December 20 12 are as follows

IncrementalConsultant Total 31

Parts Goods Training operating Sub -Grantsservices December 2012

CQsts

Sustainable YouthPanA Centres 178000 178000

Youth Entrepreneurship

PanB and Business Dcve)oement 46160132 1263865 47423997

Institutional Capaeity for

parte Youth _________ __ pev~lpQm~~_ _ ~__ 1595808 706306 23 02114

Project Pac D Management and

Monitorios 602692 6886243 2133981 1673694 1129661 0

Total 31 December 602692 54642183 4104152 1673694 178000 61200721

11

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SP F Grant No TF 098547)

Comulative Statement of expenditure withdrawal Schedule for the year ended 31 December 2012 (in EUR unless otherwise stated)

1l Sub grants

Expenditures for Technical services are detailed as follows

Item Year ended Year ended 31 December 2012 31 December 2011

Sub Grants for Resource Hub Mitrovica (rent office) 178000

Total 178000

12 Expenditures by parts

The expenditures by Project Parts for the year ended 31 December 20 12 are as follows

IncrementalConsultant Total 31

Parts Goods Training operating Sub -Grantsservices December 2012

CQsts

Sustainable YouthPanA Centres 178000 178000

Youth Entrepreneurship

PanB and Business Dcve)oement 46160132 1263865 47423997

Institutional Capaeity for

parte Youth _________ __ pev~lpQm~~_ _ ~__ 1595808 706306 23 02114

Project Pac D Management and

Monitorios 602692 6886243 2133981 1673694 1129661 0

Total 31 December 602692 54642183 4104152 1673694 178000 61200721

11

Second Kosovo Youth Development Project

(SDISEEGrant No TF054916) (SPF Grant No TF 098547)

Notes to the Special purpose Financial Statements for the year ended 31 December 2012 (in EUR unless otherwise stated)

13 Expenditures by category SOUrces offunds

Expenditures by sources of funds for the year ended 31 December 2012 are composed as follows

TF 098547middot TF 054916shySDlSEE

SPF GraDt Temporary TemporaryItem Grant TFTF098547 advances by advances by Total

054916 Government Government

Goods

Consultants services

Training

lncremental operating costs

602692

7543412

2704394

1489948

35932980 3323096

1399758

183746

7842695

602692

54642183

4104152

1673694

Sub - grants 178000 178000

Total 12518446 35932980 4906600 7842695 61200721

14 Un-drown grant facilities

The balance of the undrawn grant from SPF Grant TF No 098547 as of 31 December 2012 is EUR 142393216 (USD 1841 14428)

The balance of the undrawn grant from SDISEE Grant TF No 054916 as of 31 December 2012 is EUR 27257120

12IP) EC

Second Kosovo Youth Development Project

(SDISEE GrCJ1t No TF054916)

(SPF Grant No IF 098547

Statement of Cumulative ExpendillJres Withdrawal Schedule

for the year ended 3 I December 20 12

(Supplementary schedule to the Annual Financial Statements)

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SPF Grant No TF 098547)

Comulative Statement of expenditure withdrawal Schedule

for Ihe year ended 31 December 2012 (in EUR unless otherwise staled)

SPF G rant no TF 98547

Withdrawal Type of App Pym Consultant Sub Incremental DatePaid amount Goods Training SOE Difference Value dateapplication application AmI sfnice5 grants Costs ree~i~ed

KYDP 201

KYDP 206

KYDP208

Reimbursement

Reimbursemenl

Reimbursement

3938143

4157919

44223 84

3938143

41 57919

4422384

99570

323264

179858

706857

21000

20400

2476758

2826243

2260585

178000

654958

809412

1961541

3938143

4157919

4422384

14middotMymiddot12

14-Sep-12

I2-Nov-1 2

01middotJunmiddot12

25-Sep-12

21-Nov-12

Total Reimbur-sement

DP

12518446 12~18446 602692 748257 7563586 1780~34259_11__12518446

Total DireClpaymenls

VA Mat iilt ~i

12518446 12518446 602692 748257 7563586 178000 3~j259n I~M8~ 4 6 ~ - bull ~ ~~ lt ~

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SPF Grant No TF 098547)

Comulative Statement of expenditure withdrawal Schedule Cor the year ended 31 December 2012 (in EUR unless otherwise slaled)

SDISEE Gran no TF 054916

Withdrawal Type 01 Consultant Incremental DateA ppl Pym Amt Paid amount Goods Training SOE Difference Value dateapplication application services Costs fI~eeived

KYDP 209 Reimbursement 2264000 2264000 2264000 2264000 22-Nov-12 03-Dec-12

Total Reimbursement 2264000 2264000 2264000 2264000 -

KYDP 202 Direct payment 2302000 2302000 2302000 2302000 09-Jul-12 16-Jul-12

KYDP203 Direct payment 2776280 2776280 27 76280 2776280 09-Jul-12 16-1ul-12

KYDP 204 Direct payment 5755000 5755000 5755000 5755000 05-Sep- 12 19-5ep-12

KYDP 2105 Di rect payment 6940700 6940700 6940700 6940700 05-Sep-12 19-5ep-12

KYDP 207 Direct payment 9537000 9537000 9537000 9537000 01-0cl-12 09-0Cl-1 2

KYDP 210 Direct payment 6358000 6358000 6358000 6358000 17-Dec-12 28-Dec-12

[olal Dired IUlyments 33~68980 33668980 33668980

WA total gt 35932980 35932980 35932980 I

JJgtj~yl Agro Enver Kerqeli Projjct coordinator Financial Specialist

ii

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SPF Grant No TF 098547)

Comulative Statement of expenditure withdrawal Schedule

for Ihe year ended 31 December 2012 (in EUR unless otherwise staled)

SPF G rant no TF 98547

Withdrawal Type of App Pym Consultant Sub Incremental DatePaid amount Goods Training SOE Difference Value dateapplication application AmI sfnice5 grants Costs ree~i~ed

KYDP 201

KYDP 206

KYDP208

Reimbursement

Reimbursemenl

Reimbursement

3938143

4157919

44223 84

3938143

41 57919

4422384

99570

323264

179858

706857

21000

20400

2476758

2826243

2260585

178000

654958

809412

1961541

3938143

4157919

4422384

14middotMymiddot12

14-Sep-12

I2-Nov-1 2

01middotJunmiddot12

25-Sep-12

21-Nov-12

Total Reimbur-sement

DP

12518446 12~18446 602692 748257 7563586 1780~34259_11__12518446

Total DireClpaymenls

VA Mat iilt ~i

12518446 12518446 602692 748257 7563586 178000 3~j259n I~M8~ 4 6 ~ - bull ~ ~~ lt ~

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SPF Grant No TF 098547)

Comulative Statement of expenditure withdrawal Schedule Cor the year ended 31 December 2012 (in EUR unless otherwise slaled)

SDISEE Gran no TF 054916

Withdrawal Type 01 Consultant Incremental DateA ppl Pym Amt Paid amount Goods Training SOE Difference Value dateapplication application services Costs fI~eeived

KYDP 209 Reimbursement 2264000 2264000 2264000 2264000 22-Nov-12 03-Dec-12

Total Reimbursement 2264000 2264000 2264000 2264000 -

KYDP 202 Direct payment 2302000 2302000 2302000 2302000 09-Jul-12 16-Jul-12

KYDP203 Direct payment 2776280 2776280 27 76280 2776280 09-Jul-12 16-1ul-12

KYDP 204 Direct payment 5755000 5755000 5755000 5755000 05-Sep- 12 19-5ep-12

KYDP 2105 Di rect payment 6940700 6940700 6940700 6940700 05-Sep-12 19-5ep-12

KYDP 207 Direct payment 9537000 9537000 9537000 9537000 01-0cl-12 09-0Cl-1 2

KYDP 210 Direct payment 6358000 6358000 6358000 6358000 17-Dec-12 28-Dec-12

[olal Dired IUlyments 33~68980 33668980 33668980

WA total gt 35932980 35932980 35932980 I

JJgtj~yl Agro Enver Kerqeli Projjct coordinator Financial Specialist

ii

Second Kosovo Youth Development Project

(SDISEE Grant No TF054916) (SPF Grant No TF 098547)

Comulative Statement of expenditure withdrawal Schedule Cor the year ended 31 December 2012 (in EUR unless otherwise slaled)

SDISEE Gran no TF 054916

Withdrawal Type 01 Consultant Incremental DateA ppl Pym Amt Paid amount Goods Training SOE Difference Value dateapplication application services Costs fI~eeived

KYDP 209 Reimbursement 2264000 2264000 2264000 2264000 22-Nov-12 03-Dec-12

Total Reimbursement 2264000 2264000 2264000 2264000 -

KYDP 202 Direct payment 2302000 2302000 2302000 2302000 09-Jul-12 16-Jul-12

KYDP203 Direct payment 2776280 2776280 27 76280 2776280 09-Jul-12 16-1ul-12

KYDP 204 Direct payment 5755000 5755000 5755000 5755000 05-Sep- 12 19-5ep-12

KYDP 2105 Di rect payment 6940700 6940700 6940700 6940700 05-Sep-12 19-5ep-12

KYDP 207 Direct payment 9537000 9537000 9537000 9537000 01-0cl-12 09-0Cl-1 2

KYDP 210 Direct payment 6358000 6358000 6358000 6358000 17-Dec-12 28-Dec-12

[olal Dired IUlyments 33~68980 33668980 33668980

WA total gt 35932980 35932980 35932980 I

JJgtj~yl Agro Enver Kerqeli Projjct coordinator Financial Specialist

ii