Annual general report of the controller and - Parliament of Tanzania

to Tshs 14,420,180,000. In the
absence of the remaining
useful life of the assets, we
are unable to determine
whether an amount of Tshs
60,458,659 included in the
depreciation charge for the
year has been fairly charged
and has not potentially
misstated the carrying value of
the fixed assets as at 30 June
2008.
Inventories
Included in the inventories
balance as at 30 June 2008 is an
amount of TShs 644, 354, 870
which relates to fittings and
electrical equipment whose
basis of unit cost could not be
substantiated by any audit
procedure, as no costing sheets
and invoices were maintained by
DUWASA. Further, there were no
sufficient explanations on the
basis of valuation of these
inventories. We are therefore
uncertain as to whether
inventories are fairly stated.
Cash and bank balances
There are differences between
bank reconciliation statements
and bank statements as at 30 June
2008 amounting to Tshs
10,217,778 in respect of CRDB
operations, CRDB main and CRDB
administration bank accounts. We
are not certain whether cash and
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Office of the Controller and Auditor General PA&oBs 2007/08 32