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Audited Project Financial Statements Project Number: 38456-034 Loan/Grant Number: 2972 Period covered: July 2017 to June 2018 PAK: Power Distribution Enhancement Investment Program Tranche 3 Prepared by the Peshawar Electric Supply Company (PESCO) For the Asian Development Bank Date received by ADB: 27 December 2018 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 borrower.

PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded

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Page 1: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded

Audited Project Financial Statements

Project Number: 38456-034

Loan/Grant Number: 2972

Period covered: July 2017 to June 2018

PAK: Power Distribution Enhancement Investment Program – Tranche 3

Prepared by the Peshawar Electric Supply Company (PESCO)

For the Asian Development Bank

Date received by ADB: 27 December 2018

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 borrower.

Page 2: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 3: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 4: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 5: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 6: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 7: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 8: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 9: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 10: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 11: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 12: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 13: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 14: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 15: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 16: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 17: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 18: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 19: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 20: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 21: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 22: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 23: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 24: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 25: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 26: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 27: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 28: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 29: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded
Page 30: PAK: Power Distribution Enhancement Investment Program ... · 4.1 Foreign Currency Transaction Cash receipts and payments arising from transactlons in foreign currencies are recorded