Annual general report of the controller and - Parliament of Tanzania

furniture have not been included
in the financial statements as at
30 June 2008. Furthermore the
assets at the various sites are
impaired. Due to the potential
significance of the assets, we are
uncertain of the values ascribed
to the assets not recognised in the
Financial Statements and any
resultant depreciation that may
impact on the operating result.
Letter of Credit
Analysis of movement of letter of
credit account balance during the
year under review was not made
available to the auditors for
review. The account balance
moved from TZS 775,872,275 as
on 1 July 2007 to TZS 250,251,054
as at 30 June 2008. We are
therefore uncertain whether
payments from this account were
solely made for the Corporation’s
activities.
Operating expenses
Payments amounting to TZS
76,646,811 were not supported by
third party documents. We are
therefore un certain whether
these payments were made
exclusively for the Corporation’s
approved activities.
Procurements
• Procurements amounting to
TZS 2.34 billion which were
49% of all procurements
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Office of the Controller and Auditor General PA&oBs 2007/08 36