Annual general report of the controller and - Parliament of Tanzania

No periodic physical verification exercises are
conducted to ascertain existence and
conditions of the non current assets
3. DUWASA Non maintenance of a comprehensive
current assets register that would give
pertinent details regarding the historical
cost, date of purchase, accumulated
depreciation, net book value and suppliers
for each of the reported assets.
As at 30 June 2008, the Authority had fixed
assets worth 17billion and inventories worth
Shs. 1.7 billion without an insurance cover in
September 2008
4. TBC No register for Non current assets is
maintained by the corporation hence difficult
to trace the records of the assets
5. CDA No insurance for non current assets hence
highly exposed to risks
No register for non current assets which
implies the high exposure to risk of loss
6. IRUWASA No insurance for assets which implies risk of
loss in case of occurrence of unforeseen
7. Mbeya
UWSA
contingencies
No insurance for the assets worth Tshs
18,260,260,927 lack of which exposes the
whole value to risk
8. TAFORI No insurance cover for all non current assets
9. NEMC No insurance cover for non current assets
10. TPA No record for assets of TPA Mwanza and those
inherited from Marine services
11. LUWASA No register to record the assets as results key
asset information can be obtained in a
difficulty situation.
12. TSHTDA No insurance for assets other than motor
vehicles/cycles, worth Tshs 1,552,405,906
13. DIT All assets are not insured except Motor
vehicles, this shows that the management do
not give weight to insurance to the assets
owned.
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Office of the Controller and Auditor General PA&oBs 2007/08 169