8/10/2019 2012-13.pdf

1/27

8/10/2019 2012-13.pdf

2/27

FFiinnaanncciiaallSSttaatteemmeennttss

of the

Government of Punjab

Financial Year 2012-13

8/10/2019 2012-13.pdf

3/27

CONTENTS

Preface I

Auditors Report

Statement of Cash Receipts and Payments

III

1

Statement of Cash Flows 3

Statement of Comparison of Budget and Actual Amounts by Function 4

Statement of Comparison of Budget and Actual Expenditure

by Department5

Notes to the Financial Statements 6

8/10/2019 2012-13.pdf

4/27

8/10/2019 2012-13.pdf

5/27

Government as Provincial Consolidated Fund and Public Account for which Annual Budget

Statement is authorized by the Provincial Assembly in the form of Budgetary Grants.

Finally, it is important to emphasize the value of sustained and dedicated efforts towards excellence

in public sector financial accounting and reporting. Moving forward, management and staff of CGA

are working closely to address the challenges and issues which can limit the quality, transparency

and reliability of financial reports. Through excellent financial reporting we are committed to support

the decision making critical to the nations fiscal future.

Controller General of Accounts

Islamabad, Pakistan

Date:

8/10/2019 2012-13.pdf

6/27

Auditor General of PakistanAudit House, Constitution Avenue

Islamabad, Pakistan

Auditors Report

I have audited the accompanying financial statements of the Government of Punjab, which

comprise the statements of receipts and payments for the year ended 30 June 2013, statement ofcash flows, statement of comparison of budget and actual amounts by function statement of

comparison of budget, actual expenditure by departments and statement of appropriation of

grants by object for the year 30 June 2013 and a summary of significant accounting policies and

other explanatory notes.

Managements Responsibility for the Financial Statements.

Management is responsible for the preparation and proper presentation of these financial

statements in accordance with the applicable financial reporting framework.

Auditors Responsibility

My responsibility is to express an opinion on these financial statements based on my audit in

accordance with the requirements of Article 169 & 170 (2) of the Constitution of the IslamicRepublic of Pakistan read with Section 7 of the Auditor-Generals (Functions, Power and

Conditions of Service) Ordinance 2001. I conducted my audit in accordance with the

International Standards for Supreme Audit Institutions (ISSAIs) and other guidance issued by mydepartment. These standards require that I perform procedures including risk assessment to

obtain reasonable assurance whether the financial statements are free of material misstatement.

The audit process includes examining, on a test basis, evidence supporting the amount anddisclosures in the financial statements. It also includes assessing the accounting policies used, as

well as evaluating the overall financial statements presentation. I believe that my audit provides a

reasonable basis for my opinion.

In my opinion:

a. These financial statements properly present, in all material respects, the financialposition of the Government of the Punjab as at 30 June 2013 and the results of its

operations, its cash flow and its expenditure and receipts, by appropriation for the

year ended 30 June 2013 in accordance with the stated accounting policies of the

Government of Punjab.

b. The sums expended have been applied, in all material respects, for the purposes

authorized by Parliament and have, in all material respects, been booked to the

relevant grants and appropriations.

8/10/2019 2012-13.pdf

7/27

Emphasis of matter

Without qualifying our opinion I draw your attention that under head Pay & Allowances

(POLICE) a suspected misappropriation has occurred in District Accounts Office Gujranwala

due to failure of Pre-audit checks. However the amount pointed by audit has subsequently beenrecovered. Further double payment of Rs10.157 millions was made in District Accounts Office

Sahiwal which was also recovered.

Other Reports

Reports covering significant aspects of the financial governance or economical and effective

utilization of public resources are submitted separately to the Governor of Punjab under Article171 of the Constitution of the Islamic Republic of Pakistan.

Islamabad, Pakistan

Dated:

--------------------------------------

Auditor General of Pakistan.

8/10/2019 2012-13.pdf

8/27

8/10/2019 2012-13.pdf

9/27

8/10/2019 2012-13.pdf

10/27

8/10/2019 2012-13.pdf

11/27

8/10/2019 2012-13.pdf

12/27

8/10/2019 2012-13.pdf

13/27

8/10/2019 2012-13.pdf

14/27

8/10/2019 2012-13.pdf

15/27

8/10/2019 2012-13.pdf

16/27

8/10/2019 2012-13.pdf

17/27

8/10/2019 2012-13.pdf

18/27

8/10/2019 2012-13.pdf

19/27

8/10/2019 2012-13.pdf

20/27

8/10/2019 2012-13.pdf

21/27

8/10/2019 2012-13.pdf

22/27

8/10/2019 2012-13.pdf

23/27

8/10/2019 2012-13.pdf

24/27

8/10/2019 2012-13.pdf

25/27

8/10/2019 2012-13.pdf

26/27

8/10/2019 2012-13.pdf

27/27