Woldia Stadium Construction Project

Chart of Accounts
As of Apr 30, 2011

Account ID Account Description Active? Account Type

1010 Cash on Hand Yes Cash
1020 Checking Account Yes Cash
1100 Accounts Receivable Yes Accounts Receivable
1150 Allowance for Doubtful Account Yes Accounts Receivable
1200 Inventory Yes Inventory
1400 Prepaid Expenses Yes Other Current Assets
1430 Work in Progress Yes Other Current Assets
1440 Materials-Unused & Unassigned Yes Other Current Assets
1450 Refundable Deposits Yes Other Current Assets
1500 Property and Equipment Yes Fixed Assets
1600 Land Yes Fixed Assets
1900 Accum. Depreciation - Prop&Eqt Yes Accumulated Depreciation
2000 Accounts Payable Yes Accounts Payable
2310 Sales Tax Payable Yes Other Current Liabilities
2320 Deductions Payable Yes Other Current Liabilities
2330 Federal Payroll Taxes Payable Yes Other Current Liabilities
2340 FUTA Payable Yes Other Current Liabilities
2350 State Payroll Taxes Payable Yes Other Current Liabilities
2360 SUTA Payable Yes Other Current Liabilities
2370 Local Taxes Payable Yes Other Current Liabilities
2380 Income Taxes Payable Yes Other Current Liabilities
2400 Customer Deposits Yes Other Current Liabilities
2500 Current Portion Long-Term Debt Yes Other Current Liabilities
2700 Long Term Debt-Noncurrent Yes Long Term Liabilities
3910 Retained Earnings Yes Equity-Retained Earnings
3920 Owner's Contribution Yes Equity-gets closed
3930 Owner's Draw Yes Equity-gets closed

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 Woldia Stadium Construction Project
Chart of Accounts
As of Apr 30, 2011

Account ID Account Description Active? Account Type

4000 Sales Income Yes Income
4100 Interest Income Yes Income
4200 Other Income Yes Income
4900 Sales Discounts Yes Income
5000 Labor Costs Yes Cost of Sales
5050 Labor Burden Yes Cost of Sales
5100 Materials Costs Yes Cost of Sales
5200 Equipment Costs Yes Cost of Sales
5300 Subcontract Costs Yes Cost of Sales
5400 Cost of Sales-Salary & Wage Yes Cost of Sales
5900 Inventory Adjustments Yes Cost of Sales
6000 Wages Expense Yes Expenses
6020 Applied Labor Burden Yes Expenses
6050 Employee Benefit Programs Exp Yes Expenses
6100 Payroll Tax Expense Yes Expenses
6150 Bad Debt Expense Yes Expenses
6200 Income Tax Expense Yes Expenses
6250 Other Taxes Expense Yes Expenses
6300 Rent or Lease Expense Yes Expenses
6350 Maintenance & Repairs Expense Yes Expenses
6750 Licenses and Permits Expense Yes Expenses
6950 Postage and Freight Expense Yes Expenses
7000 Travel Expense Yes Expenses
7050 Office Supplies Expense Yes Expenses
7100 Telephone Expense Yes Expenses
7150 Utilities Expense Yes Expenses
7200 Service Charge Expense Yes Expenses

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 Woldia Stadium Construction Project
Chart of Accounts
As of Apr 30, 2011

Account ID Account Description Active? Account Type

7250 Purchase Disc-Expense Items Yes Expenses
7300 Insurance Expense Yes Expenses
7350 Depreciation Expense Yes Expenses
7400 Gain/Loss - Sale of Assets Exp Yes Expenses

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 Payment Request Schedule

Ser. Contract / Total Contract Amount

Particulars
No Payment Date Service Fee VAT Total

1 Total Contract Amount June 20, 2011 255,386.25 38,307.94 293,694.19

2 First Payment (50% of Contract Amount) Aug. 12, 2011 127,693.13 19,153.97 146,847.10

3 Remaining Amount 127,693.12 19,153.97 146,847.09

PREPARED BY APPROVED BY
 October 10, 2011
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Initial Deposit 11-Apr-11 1,000,000.00 1,000,000.00

2 Construction of Site Office Initial 30% payment 12-Aug-11 154,064.99 845,935.02

3 Soil test service fee initial 50% payment 12-Aug-11 146,847.10 699,087.92

4 Soil test service fee final 50% payment 7-Sep-11 146,847.10 552,240.83

5 Additional deposit 21-Sep-11 10,000,000.00 10,552,240.83

6 Purchase of deformed bar 21-Sep-11 974,970.00 9,577,270.83

7 Video production of pre-telethone for Wodia stadium 5-Oct-11 22,110.00 9,555,160.83

8 Water line installation 5-Oct-11 272,942.65 9,282,218.18

9 Electric power installation 5-Oct-11 185,256.66 9,096,961.52

TOTAL 11,000,000.00 1,903,038.49

PREPARED BY APPROVED BY
513,549.95

359,484.97
 October 10, 2011 - October 16, 2011
Week No. 27
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Balance on October 09, 2011 11-Apr-11 9,096,961.52

2 Telephone line installation 5-Oct-11 70,878.86 9,026,082.66

TOTAL - 70,878.86

PREPARED BY APPROVED BY
 July 1, 2011 - October 23, 2011
Week No. 1 - 16
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Total cash inflow July 1, 2011 - October 23, 2011 11,000,000.00 11,000,000.00

2 Total cash outflow July 1, 2011 - October 23, 2011 1,973,917.35 9,026,082.66

TOTAL 11,000,000.00 1,973,917.35 9,026,082.66

PREPARED BY APPROVED BY
 Oct. 31, 2011 - Nov. 06, 2011
Week No. 18
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Total cash inflow & outflow July 1, 2011 - Oct. 30, 2011 11,000,000.00 1,973,917.35 9,026,082.66

PREPARED BY APPROVED BY
 Nov. 07, 2011 - Nov. 13, 2011
Week No. 19
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Total cash inflow & outflow July 1, 2011 - Nov. 06, 2011 11,000,000.00 1,973,917.35 9,026,082.66

2 Total cash outflow Nov. 07, 2011 - Nov. 13, 2011 74,402.63 8,951,680.03

TOTAL 11,000,000.00 2,048,319.98 8,951,680.03

PREPARED BY APPROVED BY
 Nov. 14, 2011 - Nov. 20, 2011
Week No. 19
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Total cash inflow & outflow April 11, 2011 - Nov. 13, 2011 11,000,000.00 2,048,319.98 8,951,680.03

TOTAL 11,000,000.00 2,048,319.98 8,951,680.03

PREPARED BY APPROVED BY
 Nov. 28, 2011 - Dec. 04, 2011
Week No. 21
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Total cash inflow & outflow April 11, 2011 - Nov. 13, 2011 11,000,000.00 2,048,319.98 8,951,680.03

TOTAL 11,000,000.00 2,048,319.98 8,951,680.03

PREPARED BY APPROVED BY
 Dec. 05, 2011 - Dec. 11, 2011
Week No. 22
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Total cash inflow & outflow April 11, 2011 - Nov. 13, 2011 11,000,000.00 2,048,319.98 8,951,680.03

TOTAL 11,000,000.00 2,048,319.98 8,951,680.03

PREPARED BY APPROVED BY
 Dec. 12, 2011 - Dec. 18, 2011
Week No. 23
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Total cash inflow & outflow April 11, 2011 - Nov. 13, 2011 11,000,000.00 2,048,319.98 8,951,680.03

TOTAL 11,000,000.00 2,048,319.98 8,951,680.03

PREPARED BY APPROVED BY
 Dec. 19, 2011 - Dec. 25, 2011
Week No. 24
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Total cash inflow & outflow April 11, 2011 - Dec. 25, 2011 11,000,000.00 2,048,319.98 8,951,680.03

TOTAL 11,000,000.00 2,048,319.98 8,951,680.03

PREPARED BY APPROVED BY
 Dec. 26, 2011 - Jan. 01, 2012
Week No. 25
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Total cash inflow & outflow April 11, 2011 - Jan. 01, 2012 11,000,000.00 2,048,319.98 8,951,680.03

TOTAL 11,000,000.00 2,048,319.98 8,951,680.03

PREPARED BY APPROVED BY
 Jan. 02, 2012 - Jan. 08, 2012
Week No. 26
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Total cash inflow & outflow April 11, 2011 - Jan. 08, 2012 11,000,000.00 2,048,319.98 8,951,680.03

TOTAL 11,000,000.00 2,048,319.98 8,951,680.03

PREPARED BY APPROVED BY
 Jan. 02, 2012 - Jan. 08, 2012
Week No. 27
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Total cash inflow & outflow April 11, 2011 - Jan. 08, 2012 11,000,000.00 2,048,319.98 8,951,680.03

2 Cash Inflow for purchase of Re-Bar 13 Jan. 2012 10,000,000.00 18,951,680.03

3 Cash outflow for purchase of Re-bar 17-Jan-12 14,966,874.56 3,984,805.47

TOTAL 21,000,000.00 17,015,194.54 3,984,805.47

PREPARED BY APPROVED BY
 CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out

1 Initial Deposit 11-Apr-11 1,000,000.00

2 Construction of Site Office Initial 30% payment 12-Aug-11 154,064.99

3 Soil test service fee initial 50% payment 12-Aug-11 146,847.10

4 Soil test service fee final 50% payment 7-Sep-11 146,847.10

5 Additional deposit 21-Sep-11 10,000,000.00

6 Purchase of deformed bar 21-Sep-11 974,970.00

7 Video production of pre-telethone for Wodia stadium 5-Oct-11 22,110.00

8 Water line installation 5-Oct-11 272,942.65

9 Electric power installation 5-Oct-11 185,256.66

10 Telephone Line installation for the project 14-Oct-11 70,878.86

11 Additional payment for water line installation 5-Nov-11 74,402.63

12 Additional deposit 13-Jan-12 10,000,000.00

13 Cash outflow for purchase of Re-bar 17-Jan-12 14,966,874.56

Final payment for site office, store, toilet &
14 fence construction 27-Feb-12 398,983.43

15 Payment for bulk excavation and cart away works 27-Feb-12 1,016,600.00

16 Additional deposit 5-Mar-12 10,000,000.00

17 3rd payment for purchase of Re-bar 15-Mar-12 6,576,473.08

18 Form work, cement and other materials purchase 15-Mar-12 4,865,166.56

TOTAL 31,000,000.00 29,872,417.61

 15-Mar-12
CASH STATEMENT

Amount in Birr

Balance

1,000,000.00

845,935.02

699,087.92

552,240.83

10,552,240.83

9,577,270.83

9,555,160.83

9,282,218.18

9,096,961.52

9,026,082.66

8,951,680.03

18,951,680.03

3,984,805.47

3,585,822.04

2,569,222.04

12,569,222.04

5,992,748.96

1,127,582.40

1,127,582.40
 Week No. 07
17-Aug-12
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Initial Deposit 11-Apr-11 1,000,000.00 1,000,000.00

2 Construction of Site Office Initial 30% payment 12-Aug-11 154,064.99 845,935.02

3 Soil test service fee initial 50% payment 12-Aug-11 146,847.10 699,087.92

4 Soil test service fee final 50% payment 7-Sep-11 146,847.10 552,240.83

5 Additional deposit 21-Sep-11 10,000,000.00 10,552,240.83

6 Purchase of deformed bar 21-Sep-11 974,970.00 9,577,270.83

7 Video production of pre-telethone for Wodia stadium 5-Oct-11 22,110.00 9,555,160.83

8 Water line installation 5-Oct-11 272,942.65 9,282,218.18

9 Electric power installation 5-Oct-11 185,256.66 9,096,961.52

10 Telephone Line installation for the project 14-Oct-11 70,878.86 9,026,082.66

11 Additional payment for water line installation 5-Nov-11 74,402.63 8,951,680.03

12 Additional deposit 13-Jan-12 10,000,000.00 18,951,680.03

13 Cash outflow for purchase of Re-bar 17-Jan-12 14,966,874.56 3,984,805.47

Final payment for site office, store, toilet &
14 fence construction 27-Feb-12 398,983.43 3,585,822.04

15 Payment for bulk excavation and cart away works 27-Feb-12 1,016,600.00 2,569,222.04

16 Additional deposit 5-Mar-12 10,000,000.00 12,569,222.04

17 3rd payment for purchase of Re-bar 15-Mar-12 6,576,473.08 5,992,748.96

18 Form work, cement and other materials purchase 15-Mar-12 4,865,166.56 1,127,582.40

19 Additional deposit 16-Mar-12 6,576,473.08 7,704,055.48

20 4th payment for purchase of Re-bar 17-Mar-12 6,576,473.08 1,127,582.40

21 Additional deposit 30-Apr-12 10,000,000.00 11,127,582.40

22 Payment for Bulk Excavation & Selected Material 2-May-12 1,504,408.79 9,623,173.61

23 Advance payment for purchase various cons. Materials 23-May-12 5,958,932.00 3,664,241.61

TOTAL 47,576,473.08 43,912,231.48 3,664,241.61

 Week No. 07
17-Aug-12
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Initial Deposit 11-Apr-11 1,000,000.00 1,000,000.00

2 Construction of Site Office Initial 30% payment 12-Aug-11 154,064.99 845,935.02

3 Soil test service fee initial 50% payment 12-Aug-11 146,847.10 699,087.92

4 Soil test service fee final 50% payment 7-Sep-11 146,847.10 552,240.83

5 Additional deposit 21-Sep-11 10,000,000.00 10,552,240.83

6 Purchase of deformed bar 21-Sep-11 974,970.00 9,577,270.83

7 Video production of pre-telethone for Wodia stadium 5-Oct-11 22,110.00 9,555,160.83

8 Water line installation 5-Oct-11 272,942.65 9,282,218.18

9 Electric power installation 5-Oct-11 185,256.66 9,096,961.52

10 Telephone Line installation for the project 14-Oct-11 70,878.86 9,026,082.66

11 Additional payment for water line installation 5-Nov-11 74,402.63 8,951,680.03

12 Additional deposit 13-Jan-12 10,000,000.00 18,951,680.03

13 Cash outflow for purchase of Re-bar 17-Jan-12 14,966,874.56 3,984,805.47

Final payment for site office, store, toilet &
14 fence construction 27-Feb-12 398,983.43 3,585,822.04

15 Payment for bulk excavation and cart away works 27-Feb-12 1,016,600.00 2,569,222.04

16 Additional deposit 5-Mar-12 10,000,000.00 12,569,222.04

17 3rd payment for purchase of Re-bar 15-Mar-12 6,576,473.08 5,992,748.96

18 Form work, cement and other materials purchase 15-Mar-12 4,865,166.56 1,127,582.40

19 Additional deposit 16-Mar-12 6,576,473.08 7,704,055.48

20 4th payment for purchase of Re-bar 17-Mar-12 6,576,473.08 1,127,582.40

21 Additional deposit 30-Apr-12 10,000,000.00 11,127,582.40

22 Payment for Bulk Excavation & Selected Material 2-May-12 1,504,408.79 9,623,173.61

23 Advance payment for purchase various cons. Materials 23-May-12 5,958,932.00 3,664,241.61

24 Contract Administration & Supervision Fee 19-Jun-12 99,820.00 3,564,421.61

Working Capital, Selected Materials Purchase & Form
25 Work Moodification 24-Aug-12 3,080,300.00 484,121.61
TOTAL 47,576,473.08 47,092,351.48 484,121.60
 Week No. 16
23-Oct-12
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Initial Deposit 11-Apr-11 1,000,000.00 1,000,000.00

2 Construction of Site Office Initial 30% payment 12-Aug-11 154,064.99 845,935.02

3 Soil test service fee initial 50% payment 12-Aug-11 146,847.10 699,087.92

4 Soil test service fee final 50% payment 7-Sep-11 146,847.10 552,240.83

5 Additional deposit 21-Sep-11 10,000,000.00 10,552,240.83

6 Purchase of deformed bar 21-Sep-11 974,970.00 9,577,270.83

7 Video production of pre-telethone for Wodia stadium 5-Oct-11 22,110.00 9,555,160.83

8 Water line installation 5-Oct-11 272,942.65 9,282,218.18

9 Electric power installation 5-Oct-11 185,256.66 9,096,961.52

10 Telephone Line installation for the project 14-Oct-11 70,878.86 9,026,082.66

11 Additional payment for water line installation 5-Nov-11 74,402.63 8,951,680.03

12 Additional deposit 13-Jan-12 10,000,000.00 18,951,680.03

13 Cash outflow for purchase of Re-bar 17-Jan-12 14,966,874.56 3,984,805.47

Final payment for site office, store, toilet &
14 fence construction 27-Feb-12 398,983.43 3,585,822.04

15 Payment for bulk excavation and cart away works 27-Feb-12 1,016,600.00 2,569,222.04

16 Additional deposit 5-Mar-12 10,000,000.00 12,569,222.04

17 3rd payment for purchase of Re-bar 15-Mar-12 6,576,473.08 5,992,748.96

18 Form work, cement and other materials purchase 15-Mar-12 4,865,166.56 1,127,582.40

19 Additional deposit 16-Mar-12 6,576,473.08 7,704,055.48

20 4th payment for purchase of Re-bar 17-Mar-12 6,576,473.08 1,127,582.40

21 Additional deposit 30-Apr-12 10,000,000.00 11,127,582.40

22 Payment for Bulk Excavation & Selected Material 2-May-12 1,504,408.79 9,623,173.61

23 Advance payment for purchase various cons. Materials 23-May-12 5,958,932.00 3,664,241.61

24 Contract Administration & Supervision Fee 19-Jun-12 99,820.00 3,564,421.61

Working Capital, Selected Materials Purchase & Form
25 Work Moodification 24-Aug-12 3,080,300.00 484,121.61

TOTAL 47,576,473.08 47,092,351.48 484,121.60

 Week No. 16
23-Oct-12
CASH STATEMENT
Ser. Amount in Birr
Particulars Date
No In Out Balance
1 Initial Deposit 11-Apr-11 1,000,000.00 1,000,000.00

2 Construction of Site Office Initial 30% payment 12-Aug-11 154,064.99 845,935.02

3 Soil test service fee initial 50% payment 12-Aug-11 146,847.10 699,087.92

4 Soil test service fee final 50% payment 7-Sep-11 146,847.10 552,240.83

5 Additional deposit 21-Sep-11 10,000,000.00 10,552,240.83

6 Purchase of deformed bar 21-Sep-11 974,970.00 9,577,270.83

7 Video production of pre-telethone for Wodia stadium 5-Oct-11 22,110.00 9,555,160.83

8 Water line installation 5-Oct-11 272,942.65 9,282,218.18

9 Electric power installation 5-Oct-11 185,256.66 9,096,961.52

10 Telephone Line installation for the project 14-Oct-11 70,878.86 9,026,082.66

11 Additional payment for water line installation 5-Nov-11 74,402.63 8,951,680.03

12 Additional deposit 13-Jan-12 10,000,000.00 18,951,680.03

13 Cash outflow for purchase of Re-bar 17-Jan-12 14,966,874.56 3,984,805.47

Final payment for site office, store, toilet &
14 fence construction 27-Feb-12 398,983.43 3,585,822.04

15 Payment for bulk excavation and cart away works 27-Feb-12 1,016,600.00 2,569,222.04

16 Additional deposit 5-Mar-12 10,000,000.00 12,569,222.04

17 3rd payment for purchase of Re-bar 15-Mar-12 6,576,473.08 5,992,748.96

18 Form work, cement and other materials purchase 15-Mar-12 4,865,166.56 1,127,582.40

19 Additional deposit 16-Mar-12 6,576,473.08 7,704,055.48

20 4th payment for purchase of Re-bar 17-Mar-12 6,576,473.08 1,127,582.40

21 Additional deposit 30-Apr-12 10,000,000.00 11,127,582.40

22 Payment for Bulk Excavation & Selected Material 2-May-12 1,504,408.79 9,623,173.61

23 Advance payment for purchase various cons. Materials 23-May-12 5,958,932.00 3,664,241.61

24 Contract Administration & Supervision Fee 19-Jun-12 99,820.00 3,564,421.61

Working Capital, Selected Materials Purchase & Form
25 Work Moodification 24-Aug-12 3,080,300.00 484,121.61

26 Additional deposit 3-Nov-12 10,000,000.00 10,484,121.61

Working Capital, Selected Materials Purchase & Form
27 Work Moodification 3-Nov-12 9,770,072.00 714,049.61

TOTAL 57,576,473.08 56,862,423.48 714,049.60

 Nov. 30, 2012
CASH STATEMENT

Ser. Amount in Birr

Particulars
No In Out Balance

1 Total Transfer 57,576,473.08 57,576,473.08

2 Re-bar Purchase 29,094,790.72 28,481,682.36

3 Cement Purchase 8,165,170.00 20,316,512.36

4 Payment for Soil test service 293,694.19 20,022,818.17

5 Telephone , Electricity & Water installation 603,480.80 19,419,337.37

6 Payment for Bulk excavation work 1,486,008.79 17,933,328.58

7 Site Office, fence and toilet construction 553,048.42 17,380,280.17

8 Various materials purchases 11,309,800.56 6,070,479.61

9 Electrical Materials 207,000.00 5,863,479.61

10 Operational Expenses 2,017,500.00 3,845,979.61

11 Fixed Assets Purchases 3,010,000.00 835,979.60

12 Video production 22,110.00 813,869.60

13 Contract Administration & Supervision Fee 99,820.00 714,049.60

TOTAL 57,576,473.08 56,862,423.48 714,049.60

 Week No. 115*
24-Oct-13
CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Initial Deposit 11-Apr-11 1,000,000.00 1,000,000.00

2 Construction of Site Office Initial 30% payment 12-Aug-11 154,064.99 845,935.02

3 Soil test service fee initial 50% payment 12-Aug-11 146,847.10 699,087.92

4 Soil test service fee final 50% payment 7-Sep-11 146,847.10 552,240.83

5 Additional deposit 21-Sep-11 10,000,000.00 10,552,240.83

6 Purchase of deformed bar 21-Sep-11 974,970.00 9,577,270.83

7 Video production of pre-telethone for Wodia stadium 5-Oct-11 22,110.00 9,555,160.83

8 Water line installation 5-Oct-11 272,942.65 9,282,218.18

9 Electric power installation 5-Oct-11 185,256.66 9,096,961.52

10 Telephone Line installation for the project 14-Oct-11 70,878.86 9,026,082.66

11 Additional payment for water line installation 5-Nov-11 74,402.63 8,951,680.03

12 Additional deposit 13-Jan-12 10,000,000.00 18,951,680.03

13 Cash outflow for purchase of Re-bar 17-Jan-12 14,966,874.56 3,984,805.47

Final payment for site office, store, toilet &

14 fence construction 27-Feb-12 398,983.43 3,585,822.04

15 Payment for bulk excavation and cart away works 27-Feb-12 1,016,600.00 2,569,222.04

16 Additional deposit 5-Mar-12 10,000,000.00 12,569,222.04

17 3rd payment for purchase of Re-bar 15-Mar-12 6,576,473.08 5,992,748.96

18 Form work, cement and other materials purchase 15-Mar-12 4,865,166.56 1,127,582.40

19 Additional deposit 16-Mar-12 6,576,473.08 7,704,055.48

20 4th payment for purchase of Re-bar 17-Mar-12 6,576,473.08 1,127,582.40

21 Additional deposit 30-Apr-12 10,000,000.00 11,127,582.40

22 Payment for Bulk Excavation & Selected Material 2-May-12 1,504,408.79 9,623,173.61

23 Advance payment for purchase various cons. Materials 23-May-12 5,958,932.00 3,664,241.61

24 Contract Administration & Supervision Fee 19-Jun-12 99,820.00 3,564,421.61

Working Capital, Selected Materials Purchase & Form Work
25 Moodification 24-Aug-12 3,080,300.00 484,121.61

26 Additional deposit 3-Nov-12 10,000,000.00 10,484,121.61

Working Capital, Selected Materials Purchase & Form Work
27 Moodification 3-Nov-12 9,770,072.00 714,049.61

28 Additional deposit 11-Dec-12 10,000,000.00 10,714,049.61

Working Capital, Selected Materials Purchase & Form Work
29 Moodification 11-Dec-12 8,773,237.80 1,940,811.81
Ser. Amount in Birr
Particulars Date
No In Out Balance

30 Contract Administration & Supervision Fee June - Oct. 2012 11-Dec-12 124,775.00 1,816,036.81

31 Additional deposit 18-Dec-12 4,660,000.00 6,476,036.81

32 Advance payment for various construction activities 18-Dec-12 4,660,000.00 1,816,036.81

33 Advance payment for various construction activities 29-Jan-13 1,800,000.00 16,036.80

34 Additional deposit 13-Feb-13 4,355,860.00 4,371,896.81

35 Advance payment for various construction activities 13-Feb-13 4,355,860.00 16,036.80

36 Additional deposit 15-Mar-13 5,240,000.00 5,256,036.81

37 Advance payment for various construction activities 15-Mar-13 5,240,000.00 16,036.80

38 Additional deposit 4-Apr-13 3,639,500.00 3,655,536.81

39 Advance payment for various construction activities 8-Apr-13 3,639,500.00 16,036.80

40 Additional deposit 17-May-13 2,970,572.00 2,986,608.81

41 Advance payment for various construction activities 22-May-13 2,820,842.00 165,766.81

42 Contract administration & supervision works 22-May-13 149,730.00 16,036.80

43 Payment of Salary May, 2013 17-Jun-13 3,000.00 13,036.80

44 Additional deposit 27-Jun-13 4,479,500.00 4,492,536.81

45 Advance payment for various construction activities 1-Jul-13 4,479,500.00 13,036.80

46 Payment of Salary June, 2013 1-Jul-13 3,000.00 10,036.80

47 Additional deposit 18-Jul-13 14,573,519.74 14,583,556.55

48 1st payment certificte for executed works 23-Jul-13 14,573,519.74 10,036.80

49 Payment of Salary July, 2013 16-Aug-13 3,000.00 7,036.80

50 Payment of Salary September, 2013 9-Sep-13 3,000.00 4,036.80

51 Additional deposit 22-Oct-13 279,550.00 283,586.81

52 Contract Administration & Supervision Fee 23-Oct-13 99,820.00 183,766.81

53

TOTAL 107,774,974.82 107,591,208.02 183,766.80

NB. Week number is counted from the day the 1st payment is released for construction of site office.
 Dec. 11, '12
CASH STATEMENT

Ser. Amount in Birr

Particulars
No In Out Balance

1 Total Transfer 107,774,974.82 107,774,974.82

2 Re-bar Purchase 35,048,628.52 72,726,346.30

3 Cement Purchase 9,795,370.00 62,930,976.30

4 Payment for Soil test service 293,694.19 62,637,282.11

5 Telephone , Electricity & Water installation 603,480.80 62,033,801.31

6 Payment for Bulk excavation work 1,486,008.79 60,547,792.52

7 Site Office, fence and toilet construction 553,048.42 59,994,744.11

8 Various materials purchases 11,549,800.56 48,444,943.55

9 Electrical Materials 207,000.00 48,237,943.55

10 Operational Expenses 2,017,500.00 46,220,443.55

11 Fixed Assets Purchases 3,010,000.00 43,210,443.55

12 Video production 22,110.00 43,188,333.55

13 Contract Administration & Supervision Fee 224,595.00 42,963,738.55

14 Transportation 398,000.00 42,565,738.55

15 Rent of Machineries 551,200.00 42,014,538.55

TOTAL 107,774,974.82 65,760,436.28 42,014,538.55

 Jan. 29, 2013
CASH STATEMENT

Ser. Amount in Birr

Particulars
No In Out Balance

1 Total Transfer 107,774,974.82 107,774,974.82

2 Re-bar Purchase 35,048,628.52 72,726,346.30

3 Cement Purchase 9,795,370.00 62,930,976.30

4 Payment for Soil test service 293,694.19 62,637,282.11

5 Telephone , Electricity & Water installation 603,480.80 62,033,801.31

6 Payment for Bulk excavation work 1,486,008.79 60,547,792.52

7 Site Office, fence and toilet construction 553,048.42 59,994,744.11

8 Various materials purchases 11,549,800.56 48,444,943.55

9 Electrical Materials 207,000.00 48,237,943.55

10 Operational Expenses 2,017,500.00 46,220,443.55

11 Fixed Assets Purchases 3,010,000.00 43,210,443.55

12 Video production 22,110.00 43,188,333.55

13 Contract Administration & Supervision Fee 224,595.00 42,963,738.55

14 Transportation 398,000.00 42,565,738.55

15 Rent of Machineries 551,200.00 42,014,538.55

16 Advance payment for various construction activities 1,800,000.00 40,214,538.55

TOTAL 107,774,974.82 67,560,436.28 40,214,538.55

 Mar. 05, 2013
CASH STATEMENT

Ser. Amount in Birr % Utilized

Particulars from Total
In Out Balance
No Contract

1 Total Contract 261,381,036.24

1 Total Transfer 112,434,974.82 112,434,974.82

2 Re-bar Purchase 35,048,628.52 (35,048,628.52)

3 Cement Purchase 9,795,370.00 (44,843,998.52)

4 Payment for Soil test service 293,694.19 (45,137,692.71)

5 Telephone , Electricity & Water installation 603,480.80 (45,741,173.51)

6 Payment for Bulk excavation work 1,486,008.79 (47,227,182.30)

7 Site Office, fence and toilet construction 553,048.42 (47,780,230.72)

8 Various materials purchases 11,549,800.56 (59,330,031.28)

9 Electrical Materials 207,000.00 (59,537,031.28)

10 Operational Expenses 2,017,500.00 (61,554,531.28)

11 Fixed Assets Purchases 3,010,000.00 (64,564,531.28)

12 Video production 22,110.00 (64,586,641.28)

13 Contract Administration & Supervision Fee 224,595.00 (64,811,236.28)

14 Transportation 398,000.00 (65,209,236.28)

15 Rent of Machineries 551,200.00 (65,760,436.28)

16 Advance payment for various construction activities 1,800,000.00 (67,560,436.28)

17 Advance payment for various construction activities 4,660,000.00 (72,220,436.28)

TOTAL 112,434,974.82 72,220,436.28 40,214,538.55 27.63%

 Apr. 01, 2013
CASH STATEMENT

Ser. Amount in Birr % Utilized

Particulars from Total
In Out Balance
No Contract

1 Total Contract 261,381,036.24

1 Total Transfer 107,774,974.82 107,774,974.82

2 Re-bar Purchase 35,048,628.52 72,726,346.30

3 Cement Purchase 9,795,370.00 62,930,976.30

4 Payment for Soil test service 293,694.19 62,637,282.11

5 Telephone , Electricity & Water installation 603,480.80 62,033,801.31

6 Payment for Bulk excavation work 1,486,008.79 60,547,792.52

7 Site Office, fence and toilet construction 553,048.42 59,994,744.11

8 Various materials purchases 11,549,800.56 48,444,943.55

9 Electrical Materials 207,000.00 48,237,943.55

10 Operational Expenses 2,017,500.00 46,220,443.55

11 Fixed Assets Purchases 3,010,000.00 43,210,443.55

12 Video production 22,110.00 43,188,333.55

13 Contract Administration & Supervision Fee 224,595.00 42,963,738.55

14 Transportation 398,000.00 42,565,738.55

15 Rent of Machineries 551,200.00 42,014,538.55

16 Advance payment for various construction activities 1,800,000.00 40,214,538.55

17 Advance payment for various construction activities 4,660,000.00 35,554,538.55

18 Advance payment for various construction activities 4,355,860.00 31,198,678.55

19 Advance payment for various construction activities 5,240,000.00 25,958,678.55

TOTAL 107,774,974.82 81,816,296.28 25,958,678.55 31.30%

 Apr. 01, 2013
CASH STATEMENT

Ser. Amount in Birr % Utilized

Particulars from Total
In Out Balance
No Contract

1 Total Contract 261,381,036.24

1 Total Transfer 107,774,974.82 107,774,974.82

2 Re-bar Purchase 35,048,628.52 72,726,346.30

3 Cement Purchase 9,795,370.00 62,930,976.30

4 Payment for Soil test service 293,694.19 62,637,282.11

5 Telephone , Electricity & Water installation 603,480.80 62,033,801.31

6 Payment for Bulk excavation work 1,486,008.79 60,547,792.52

7 Site Office, fence and toilet construction 553,048.42 59,994,744.11

8 Various materials purchases 11,549,800.56 48,444,943.55

9 Electrical Materials 207,000.00 48,237,943.55

10 Operational Expenses 2,017,500.00 46,220,443.55

11 Fixed Assets Purchases 3,010,000.00 43,210,443.55

12 Video production 22,110.00 43,188,333.55

13 Contract Administration & Supervision Fee 224,595.00 42,963,738.55

14 Transportation 398,000.00 42,565,738.55

15 Rent of Machineries 551,200.00 42,014,538.55

16 Advance payment for various construction activities 1,800,000.00 40,214,538.55

17 Advance payment for various construction activities 4,660,000.00 35,554,538.55

18 Advance payment for various construction activities 4,355,860.00 31,198,678.55

19 Advance payment for various construction activities 5,240,000.00 25,958,678.55

20 Advance payment for various construction activities 3,639,500.00 22,319,178.55

21 Advance payment for various construction activities 2,820,842.00 19,498,336.55

23

TOTAL 107,774,974.82 88,276,638.28 19,498,336.55 33.77%

 CASH STATEMENT

Ser. Payment Amount in

Particulars Date
No Voucher # In
1 Initial Deposit 11-Apr-11 1,000,000.00
2 Soil test service fee initial 50% payment 12-Aug-11 00002
3 Construction of Site Office Initial 30% payment 12-Aug-11 00003
4 Soil test service fee final 50% payment 7-Sep-11 00004
5 Additional deposit 21-Sep-11 10,000,000.00
6 Purchase of deformed bar 21-Sep-11 00005
7 Video production of pre-telethone for Wodia stadium 5-Oct-11 00006
8 Water line installation 5-Oct-11 00007
9 Electric power installation 5-Oct-11 00007
10 Telephone Line installation for the project 14-Oct-11 00008
11 Additional payment for water line installation 5-Nov-11 00009
12 Additional deposit 13-Jan-12 10,000,000.00
13 Cash outflow for purchase of Re-bar 17-Jan-12 00010
Final payment for site office, store, toilet &
14 fence construction 27-Feb-12 00011
15 Payment for bulk excavation and cart away works 27-Feb-12 00012
16 Additional deposit 5-Mar-12 10,000,000.00
17 3rd payment for purchase of Re-bar 15-Mar-12 00013
VOID 00014
18 Form work, cement and other materials purchase 15-Mar-12 00015
19 Additional deposit 16-Mar-12 6,576,473.08
20 4th payment for purchase of Re-bar 17-Mar-12 00016
21 Additional deposit 30-Apr-12 10,000,000.00
22 Payment for Bulk Excavation & Selected Material 2-May-12 00017
23 Advance payment for purchase various cons. Materials 23-May-12 00018
24 Contract Administration & Supervision Fee 19-Jun-12 00019
25 Working Capital, Selected Materials Purchase & Form Work Moodification 24-Aug-12 00020
26 Additional deposit 3-Nov-12 10,000,000.00
27 Purchase of various items 3-Nov-12 00021
28 Additional deposit 11-Dec-12 10,000,000.00
29 Various materials purchase & rental payments 11-Dec-12 00022
30 Contract Administration & Supervision Fee June - Oct. 2012 11-Dec-12 00023
31 Additional deposit 18-Dec-12 4,660,000.00
32 Advance payment for various construction activities 18-Dec-12 00024
33 Advance payment for various construction activities 29-Jan-13 00025
34 Additional deposit 13-Feb-13 4,355,860.00
35 Advance payment for various construction activities 13-Feb-13 00026
36 Additional deposit 15-Mar-13 5,240,000.00
37 Advance payment for various construction activities 15-Mar-13 00027
38 Additional deposit 8-Apr-13 3,639,500.00
39 Advance payment for various construction activities 8-Apr-13 00028
40 Additional deposit 22-May-13 2,970,572.00
41 Advance payment for various construction activities 22-May-13 00029
41 Contract Administration & Supervision Fee 22-May-13 00030
42 Payment of Salary May, 2013 17-Jun-13 00031
43 Additional deposit 4,479,500.00
44 Advance payment for various construction activities

TOTAL 92,921,905.08
 Week No. 85*
02-Apr-13

Amount in Birr
Out Balance
1,000,000.00
146,847.10 699,087.92
154,064.99 845,935.02
146,847.10 552,240.83
10,552,240.83
974,970.00 9,577,270.83
22,110.00 9,555,160.83
272,942.65 9,282,218.18
185,256.66 9,096,961.52
70,878.86 9,026,082.66
74,402.63 8,951,680.03
18,951,680.03
14,966,874.56 3,984,805.47

398,983.43 3,585,822.04
1,016,600.00 2,569,222.04
12,569,222.04
6,576,473.08 5,992,748.96

4,865,166.56 1,127,582.40
7,704,055.48
6,576,473.08 1,127,582.40
11,127,582.40
1,504,408.79 9,623,173.61
5,958,932.00 3,664,241.61
99,820.00 3,564,421.61
3,080,300.00 484,121.61
10,484,121.61
9,770,072.00 714,049.61 3,246,759.74
10,714,049.61
8,773,237.80 1,940,811.81
124,775.00 1,816,036.81
6,476,036.81
4,660,000.00 1,816,036.81
1,800,000.00 16,036.80
4,371,896.81
4,355,860.00 16,036.80
5,256,036.81
5,240,000.00 16,036.80
3,655,536.81
3,639,500.00 16,036.80
 2,986,608.81
2,820,842.00 165,766.81
149,730.00 16,036.80
3,000.00 13,036.80
4,492,536.81
4,479,500.00 13,036.80

92,908,868.28 13,036.80
 Payment Released to HUDA for the Stadium Project
For the Period September 21, 2011 - September 15, 2014

Ser.
Particulars Date Out
No

1 Purchase of deformed bar 21-Sep-11 974,970.00

2 Cash outflow for purchase of Re-bar 17-Jan-12 14,966,874.56

3 Payment for bulk excavation and cart away works 27-Feb-12 1,016,600.00

4 3rd payment for purchase of Re-bar 15-Mar-12 6,576,473.08

5 Form work, cement and other materials purchase 15-Mar-12 4,865,166.56

6 4th payment for purchase of Re-bar 17-Mar-12 6,576,473.08

7 Payment for Bulk Excavation & Selected Material 2-May-12 1,504,408.79

8 Advance payment for purchase of various construction materials 23-May-12 5,958,932.00

9 Working Capital, Selected Materials Purchase & Form Work Moodification 24-Aug-12 3,080,300.00

10 Purchase of various items 3-Nov-12 6,523,312.26

11 Various materials purchase & rental payments 11-Dec-12 8,773,237.80

12 Advance payment for various construction activities 18-Dec-12 4,660,000.00

13 Advance payment for various construction activities 29-Jan-13 1,800,000.00

14 Advance payment for various construction activities 13-Feb-13 4,355,860.00

15 Advance payment for various construction activities 15-Mar-13 5,240,000.00

16 Advance payment for various construction activities 8-Apr-13 3,639,500.00

17 Advance payment for various construction activities 22-May-13 2,820,842.00

18 Advance payment for various construction activities 26-Jun-13 4,479,500.00

19 1st payment certificate for executed works 23-Jul-13 14,573,519.74

20 Advance payment for various construction activities 29-Oct-13 22,500,000.00

21 Advance payment for various construction activities 7-Mar-14 10,203,443.68

22 Advance payment for various construction activities 23-Jun-14 5,500,000.00

23 Advance payment for various construction activities 15-Oct-14 2,474,819.87

24 4th payment certificate for executed works 17-Oct-14 11,592,923.14

25
26

27

TOTAL 154,657,156.56
15-Sep-14

Remarks
 25-Aug-14
Payment Released for the Stadium Project
Site Office, Fence & Ware House Construction
For the Period August 12, 2011 - February 27, 2012
Ser. No Particulars Date Out
1 Construction of Site Office Initial 30% payment 12-Aug-11 154,064.99

2 Final payment for site office, store, toilet & fence construction 27-Feb-12 398,983.43

TOTAL 553,048.42

Payment Released for the Stadium Project

Other Various Payments
For the Period August 12, 2011 - August 25, 2014
Ser. No Particulars Date Out

1 Soil test service fee initial 50% payment 12-Aug-11 146,847.10

2 Soil test service fee final 50% payment 7-Sep-11 146,847.10

3 Video production of pre-telethone for Wodia stadium 5-Oct-11 22,110.00

4 Water line installation 5-Oct-11 272,942.65

5 Electric power installation 5-Oct-11 185,256.66

6 Telephone Line installation for the project 14-Oct-11 70,878.86

7 Additional payment for water line installation 5-Nov-11 74,402.63

8 Contract Administration & Supervision Fee 19-Jun-12 99,820.00

9 Contract Administration & Supervision Fee June - Oct. 2012 11-Dec-12 124,775.00

10 Contract Administration & Supervision Fee ( November 2013 - April 2013) 22-May-13 149,730.00

11 Payment of Salary May, 2013 17-Jun-13 3,000.00

12 Payment of Salary June, 2013 1-Jul-13 3,000.00

13 Payment of Salary July, 2013 16-Aug-13 3,000.00

14 Payment of Salary September, 2013 9-Sep-13 3,000.00

15 Contract Administration & Supervision Fee (May 2013 - August 2013) 23-Oct-13 99,820.00

16 Payment of Salary (September - November, 2013) 26-Nov-13 9,000.00

17 Contract Administration & Supervision Fee (3 months) 19-Dec-13 74,865.00

18 Payment of SalaryDecember, 2013 - February, 2014 10-Mar-14 9,000.00

19 Woldya Community Visitors Expense 15-Jan-14 70,000.00

20 Contract Administration & Supervision Fee (3 months) 25-Apr-14 74,865.00

21 Salary March & April, 2014 28-Apr-14 6,000.00

22 Salary May, 2014 6-Jun-14 3,000.00

23 Contract Administration & Supervision Fee (3 months) 30-Jun-14 74,865.00

24 Salary June - August, 2014 25-Aug-14 9,000.00

 27 Contract Administration & Supervision Fee (3 months) 30-Jun-14 74,865.00

28 Salary September, 2014 25-Aug-14 3,000.00

TOTAL 1,813,889.99

Payment Released for Fixed Asset Investment

For the Period September 20, 2011 - May 31, 2012
Ser. No Particulars Date Out
1 Purchase of Mixer (750ltrs.) 20-Sep-11 330,434.78

2 Purchase of Crusher 30-Mar-12 247,840.00

3 Purchase of Concrete Mixer (750Ltrs.) 6-Apr-12 700,000.00

4 Purchase of Mini Bus 9-May-12 530,000.00

5 Purchase of Dumper 25-May-12 370,000.00

6 Purchase of Mobile Crane 31-May-12 1,068,484.96

TOTAL 3,246,759.74
25-Aug-14

Remrks

Remrks
Remrks
 15-Sep-14
Payment Released for the Stadium Project
Site Office, Fence & Ware House Construction
For the Period August 12, 2011 - February 27, 2012
Ser. No Particulars Date Out

1 Construction of Site Office Initial 30% payment 12-Aug-11 154,064.99

2 Final payment for site office, store, toilet & fence construction 27-Feb-12 398,983.43

TOTAL 553,048.42

Payment Released for the Stadium Project

Other Various Payments
For the Period August 12, 2011 - September, 2014
Ser. No Particulars Date Out

1 Soil test service fee initial 50% payment 12-Aug-11 146,847.10

2 Soil test service fee final 50% payment 7-Sep-11 146,847.10

3 Video production of pre-telethone for Wodia stadium 5-Oct-11 22,110.00

4 Water line installation 5-Oct-11 272,942.65

5 Electric power installation 5-Oct-11 185,256.66

6 Telephone Line installation for the project 14-Oct-11 70,878.86

7 Additional payment for water line installation 5-Nov-11 74,402.63

8 Contract Administration & Supervision Fee 19-Jun-12 99,820.00

9 Contract Administration & Supervision Fee June - Oct. 2012 11-Dec-12 124,775.00

10 Contract Administration & Supervision Fee ( November 2013 - April 2013) 22-May-13 149,730.00

11 Payment of Salary May, 2013 17-Jun-13 3,000.00

12 Payment of Salary June, 2013 1-Jul-13 3,000.00

13 Payment of Salary July, 2013 16-Aug-13 3,000.00

14 Payment of Salary September, 2013 9-Sep-13 3,000.00

15 Contract Administration & Supervision Fee (May 2013 - August 2013) 23-Oct-13 99,820.00

16 Payment of Salary (September - November, 2013) 26-Nov-13 9,000.00

17 Contract Administration & Supervision Fee (Sept. 2013 - Nov. 2013) 19-Dec-13 74,865.00

18 Payment of SalaryDecember, 2013 - February, 2014 10-Mar-14 9,000.00

19 Woldya Community Visitors Expense 15-Jan-14 70,000.00

 Payment Released for the Stadium Project
Other Various Payments
For the Period August 12, 2011 - September, 2014
Ser. No Particulars Date Out

20 Contract Administration & Supervision Fee (Dec. 2013 - Feb. 2014) 25-Apr-14 74,865.00

21 Salary March & April, 2014 28-Apr-14 6,000.00

22 Salary May, 2014 6-Jun-14 3,000.00

23 Contract Administration & Supervision Fee (March. 2014 - May 2014) 30-Jun-14 74,865.00

24 Salary June - August, 2014 25-Aug-14 9,000.00

25 Contract Administration & Supervision Fee (3 months) 30-Sep-14 74,865.00

26 Salary September, 2014 7-Oct-14 3,000.00

27

TOTAL 1,813,889.99

Payment Released for Fixed Asset Investment

For the Period September 20, 2011 - May 31, 2012
Ser. No Particulars Date Out

1 Purchase of Mixer (750ltrs.) 20-Sep-11 330,434.78

2 Purchase of Crusher 30-Mar-12 247,840.00

3 Purchase of Concrete Mixer (750Ltrs.) 6-Apr-12 700,000.00

4 Purchase of Mini Bus 9-May-12 530,000.00

5 Purchase of Dumper 25-May-12 370,000.00

6 Purchase of Mobile Crane 31-May-12 1,068,484.96

TOTAL 3,246,759.74
15-Sep-14

Remrks

Remrks
Remrks

Remrks
 24-Oct-13

Sheikh Mohammed Ussien Ali Al-Amoudi Stadium

Construction Contract Agreement Amount

Ser. Amount Amount Including

Particulars
No Excluding VAT VAT

A. Sub-Structure

1 Excavation & Earth Works 10,939,298.38 12,580,193.14

2 Concrete Works 21,112,263.92 24,279,103.51

3 Masonry Works -

Sub Total 32,051,562.30 36,859,296.65

B. Super-Structure

1 Concrete Works 48,476,629.57 55,748,124.01

2 Block Works 2,207,549.99 2,538,682.49

3 Roofing 16,578,397.50 19,065,157.13

4 Steel Structure 26,115,035.62 30,032,290.96

5 Spectator Seat Fixtures 7,778,400.00 8,945,160.00

6 Metal Works 5,121,605.06 5,889,845.82

7 Finishing Works 19,744,737.94 22,706,448.63

8 Painting 517,509.94 595,136.43

9 Running Truck, Football Field and Other Stadium Facilities 15,099,121.08 17,363,989.24

10 Sport Field Sub-surface Drainage System 13,256,960.00 15,245,504.00

11 Electrical Installation 16,793,173.00 19,312,148.95

12 Sanitary Installation 5,364,147.00 6,168,769.05

Sub Total 177,053,266.70 203,611,256.71

Total (A + B) 209,104,829.00 240,470,553.35

1 Contingency = 10% of (A+ B) 20,910,482.90 20,910,482.90

TOTAL 230,015,311.90 261,381,036.25

 24-Jun-13
Payment Released for the Stadium Project
Site Office, Fence & Ware House Construction
For the Period August 12, 2011 - February 27, 2012

Ser. No Particulars Date Out Remrks

1 Construction of Site Office Initial 30% payment 12-Aug-11 154,064.99

2 Final payment for site office, store, toilet & fence construction 27-Feb-12 398,983.43

TOTAL 553,048.42

Payment Released for the Stadium Project

Other Various Payments
For the Period August 12, 2011 - June 24, 2013

Ser. No Particulars Date Out Remrks

1 Soil test service fee initial 50% payment 12-Aug-11 146,847.10

2 Soil test service fee final 50% payment 7-Sep-11 146,847.10

3 Video production of pre-telethone for Wodia stadium 5-Oct-11 22,110.00

4 Water line installation 5-Oct-11 272,942.65

5 Electric power installation 5-Oct-11 185,256.66

6 Telephone Line installation for the project 14-Oct-11 70,878.86

7 Additional payment for water line installation 5-Nov-11 74,402.63

8 Contract Administration & Supervision Fee 19-Jun-12 99,820.00

9 Contract Administration & Supervision Fee June - Oct. 2012 11-Dec-12 124,775.00

10 Contract Administration & Supervision Fee 22-May-13 149,730.00

11 Payment of Salary May, 2013 17-Jun-13 3,000.00

12 Payment of Salary June, 2013 - February, 2014 27,000.00

13 Woldya Community Visitors Expense

14
15

16

17

18

TOTAL 1,323,609.99

Payment Released for Fixed Asset Investment

For the Period September 20, 2011 - May 31, 2012

Ser. No Particulars Date Out Remrks

1 Purchase of Mixer (750ltrs.) 20-Sep-11 330,434.78
2 Purchase of Crusher 30-Mar-12 247,840.00

3 Purchase of Concrete Mixer (750Ltrs.) 6-Apr-12 700,000.00

4 Purchase of Mini Bus 9-May-12 530,000.00

5 Purchase of Dumper 25-May-12 370,000.00

6 Purchase of Mobile Crane 31-May-12 1,068,484.96

TOTAL 3,246,759.74
 20-Oct-14
Summary of Payment Released for the Stadium Project
For the Period September 21, 2011 - October 20, 2014

Ser. No Particulars Amount Remarks

1 Advance payment released to HUDA 110,591,879.39

2 Payment for executed works to HUDA less 5% retention (Payment certificate # 1) 44,065,277.17

SUB TOTAL 154,657,156.56

3 Payment made for site office, fence & ware house construction 553,048.42

4 Payment made for various activities related to the project 1,813,889.99

5 Payment made for fixed asset investment 3,246,759.74

SUB TOTAL 5,613,698.15

TOTAL 160,270,854.71
 25-Aug-14
Summary of Payment Released for the Stadium Project
For the Period September 21, 2011 - August 25, 2014

Ser. No Particulars Out Remrks

1 Advance payment released to HUDA 154,657,156.56

2 Payment made for site office, fence & ware house construction 553,048.42

3 Payment made for various activities related to the project 1,813,889.99

4 Payment made for fixed asset investment 3,246,759.74

TOTAL 160,270,854.71
 25-Aug-14

CASH STATEMENT

Ser. Amount in Birr

Particulars Date
No In Out Balance

1 Initial Deposit 11-Apr-11 1,000,000.00 1,000,000.00

2 Construction of Site Office Initial 30% payment 12-Aug-11 154,064.99 845,935.02

3 Soil test service fee initial 50% payment 12-Aug-11 146,847.10 699,087.92

4 Soil test service fee final 50% payment 7-Sep-11 146,847.10 552,240.83

5 Additional deposit 21-Sep-11 10,000,000.00 10,552,240.83

6 Purchase of deformed bar 21-Sep-11 974,970.00 9,577,270.83

7 Video production of pre-telethone for Wodia stadium 5-Oct-11 22,110.00 9,555,160.83

8 Water line installation 5-Oct-11 272,942.65 9,282,218.18

9 Electric power installation 5-Oct-11 185,256.66 9,096,961.52

10 Telephone Line installation for the project 14-Oct-11 70,878.86 9,026,082.66

11 Additional payment for water line installation 5-Nov-11 74,402.63 8,951,680.03

12 Additional deposit 13-Jan-12 10,000,000.00 18,951,680.03

13 Cash outflow for purchase of Re-bar 17-Jan-12 14,966,874.56 3,984,805.47

Final payment for site office, store, toilet &

14 fence construction 27-Feb-12 398,983.43 3,585,822.04

15 Payment for bulk excavation and cart away works 27-Feb-12 1,016,600.00 2,569,222.04

16 Additional deposit 5-Mar-12 10,000,000.00 12,569,222.04

17 3rd payment for purchase of Re-bar 15-Mar-12 6,576,473.08 5,992,748.96

18 Form work, cement and other materials purchase 15-Mar-12 4,865,166.56 1,127,582.40

19 Additional deposit 16-Mar-12 6,576,473.08 7,704,055.48

20 4th payment for purchase of Re-bar 17-Mar-12 6,576,473.08 1,127,582.40

21 Additional deposit 30-Apr-12 10,000,000.00 11,127,582.40

22 Payment for Bulk Excavation & Selected Material 2-May-12 1,504,408.79 9,623,173.61

23 Advance payment for purchase various cons. Materials 23-May-12 5,958,932.00 3,664,241.61

24 Contract Administration & Supervision Fee 19-Jun-12 99,820.00 3,564,421.61

Working Capital, Selected Materials Purchase & Form Work
25 Moodification 24-Aug-12 3,080,300.00 484,121.61

26 Additional deposit 3-Nov-12 10,000,000.00 10,484,121.61

Working Capital, Selected Materials Purchase & Form Work
27 Moodification 3-Nov-12 9,770,072.00 714,049.61
Ser. Amount in Birr
Particulars Date
No In Out Balance

28 Additional deposit 11-Dec-12 10,000,000.00 10,714,049.61

Working Capital, Selected Materials Purchase & Form Work
29 Moodification 11-Dec-12 8,773,237.80 1,940,811.81

30 Contract Administration & Supervision Fee June - Oct. 2012 11-Dec-12 124,775.00 1,816,036.81

31 Additional deposit 18-Dec-12 4,660,000.00 6,476,036.81

32 Advance payment for various construction activities 18-Dec-12 4,660,000.00 1,816,036.81

33 Advance payment for various construction activities 29-Jan-13 1,800,000.00 16,036.80

34 Additional deposit 13-Feb-13 4,355,860.00 4,371,896.81

35 Advance payment for various construction activities 13-Feb-13 4,355,860.00 16,036.80

36 Additional deposit 15-Mar-13 5,240,000.00 5,256,036.81

37 Advance payment for various construction activities 15-Mar-13 5,240,000.00 16,036.80

38 Additional deposit 4-Apr-13 3,639,500.00 3,655,536.81

39 Advance payment for various construction activities 8-Apr-13 3,639,500.00 16,036.80

40 Additional deposit 17-May-13 2,970,572.00 2,986,608.81

41 Advance payment for various construction activities 22-May-13 2,820,842.00 165,766.81

42 Contract administration & supervision works 22-May-13 149,730.00 16,036.80

43 Payment of Salary May, 2013 17-Jun-13 3,000.00 13,036.80

44 Additional deposit 27-Jun-13 4,479,500.00 4,492,536.81

45 Advance payment for various construction activities 1-Jul-13 4,479,500.00 13,036.80

46 Payment of Salary June, 2013 1-Jul-13 3,000.00 10,036.80

47 Additional deposit 18-Jul-13 14,573,519.74 14,583,556.55

48 1st payment certificte for executed works 23-Jul-13 14,573,519.74 10,036.80

49 Payment of Salary July, 2013 16-Aug-13 3,000.00 7,036.80

50 Payment of Salary August, 2013 9-Sep-13 3,000.00 4,036.80

51 Additional deposit 22-Oct-13 279,550.00 283,586.81

52 Contract Administration & Supervision Fee 23-Oct-13 99,820.00 183,766.81

53 Additional deposit 29-Oct-13 22,500,000.00 22,683,766.81

54 Advance Payment 29-Oct-13 22,500,000.00 183,766.81

55 Payment of Salary (September - November, 2013) 26-Nov-13 9,000.00 174,766.81

56 Contract Administration & Supervision Fee (3 months) 19-Dec-13 74,865.00 99,901.80

57 Woldya Community Visitors Expense 15-Jan-14 70,000.00 29,901.80

58 Additional deposit 7-Mar-14 10,203,443.68 10,233,345.49

Ser. Amount in Birr
Particulars Date
No In Out Balance

59 Advance Payment 7-Mar-14 10,203,443.68 29,901.80

60 Payment of Salary (Dec. 2013 - Feb. 2014) 10-Mar-14 9,000.00 20,901.80

61 Additional deposit 15-Apr-14 335,460.00 356,361.81

62 Ultimate Plan PLC 25-Apr-14 74,865.00 281,496.81

63 Payment of salary March & April, 2014 28-Apr-14 6,000.00 275,496.81

64 Salary for the month of May, 2014 6-Jun-14 3,000.00 272,496.81

65 Additional deposit 23-Jun-14 5,500,000.00 5,772,496.81

66 Advance payment to HUDA 26-Jun-14 5,500,000.00 272,496.81

67 Contract Administration & Supervision Fee (3 months) 30-Jun-14 74,865.00 197,631.81

68 Salary for the month of June, July, & August, 2014 25-Aug-14 9,000.00 188,631.81

69 Contract Administration & Supervision Fee (3 months) 30-Sep-14 74,865.00 113,766.81

70 Salary for the month of May, 2014 7-Oct-14 3,000.00 110,766.81

71 Additional deposit 14-Oct-14 2,474,819.87 2,585,586.68

72 Payment made to HUDA as per Payment Certificate # 4 15-Oct-14 2,474,819.87 110,766.81

73 Additional deposit 16-Oct-14 11,592,923.14 11,703,689.95

74 Advance payment to HUDA 17-Oct-14 11,592,923.14 110,766.81

75

76

77

78

TOTAL 160,381,621.51 160,270,854.71 110,766.80

NB. Week number is counted from the day the 1st payment is released for construction of site office.
 20-Oct-14

Woldia Stadium Construction Project

Cash Advanced to the Project

S. No. Date Description Amount

1 11-Apr-11 1st Collection 1,000,000.00

2 21-Sep-11 2nd Collection 10,000,000.00

3 13-Jan-12 3rd Collection 10,000,000.00

4 5-Mar-12 3rd Collection 10,000,000.00

5 16-Mar-12 4th Collection 6,576,473.08

6 30-Apr-12 6th Collection 10,000,000.00

7 3-Nov-12 7th Collection 10,000,000.00

8 11-Dec-12 8th Collection 10,000,000.00

9 18-Dec-12 9th Collection 4,660,000.00

10 13-Feb-13 10th Collection 4,355,860.00

11 15-Mar-13 11th Collection 5,240,000.00

12 4-Apr-13 12th Collection 3,639,500.00

13 17-May-13 13th Collection 2,970,572.00

14 27-Jun-13 14th Collection 4,479,500.00

15 18-Jul-13 15th Collection 14,573,519.74

16 18-Jul-13 16th Collection 279,550.00

17 29-Oct-13 17th Collection 22,500,000.00

18 7-Mar-14 18th Collection 10,203,443.68

19 25-Aug-14 19th Collection 335,460.00

20 23-Jun-14 20th Collection 5,500,000.00

21 26-Jun-14 21st Collection 2,474,819.87

22 30-Jun-14 22nd Collection 11,592,923.14

Total 160,381,621.51

Project Expenditure Summary

S. No. Items Description Amount

1. Payment made to HUDA for construction activities 154,657,156.56

2. Payment made for site office, fence & warehouse construction 553,048.42

3. Payment made for various activities related to the project 1,813,889.99

4. Payment made for Fixed Asset Investment 3,246,759.74

Total Payment (1 + 2 + 3 + 4) 160,270,854.71

Balance on hand as at October 20, 2014 110,766.80
 15-Sep-14

Woldia Stadium Construction Project

Cash Advanced to the Project

S. No. Date Description Amount

1 11-Apr-11 1st Collection 1,000,000.00

2 21-Sep-11 2nd Collection 10,000,000.00

3 13-Jan-12 3rd Collection 10,000,000.00

4 5-Mar-12 3rd Collection 10,000,000.00

5 16-Mar-12 4th Collection 6,576,473.08

6 30-Apr-12 6th Collection 10,000,000.00

7 3-Nov-12 7th Collection 10,000,000.00

8 11-Dec-12 8th Collection 10,000,000.00

9 18-Dec-12 9th Collection 4,660,000.00

10 13-Feb-13 10th Collection 4,355,860.00

11 15-Mar-13 11th Collection 5,240,000.00

12 4-Apr-13 12th Collection 3,639,500.00

13 17-May-13 13th Collection 2,970,572.00

14 27-Jun-13 14th Collection 4,479,500.00

15 18-Jul-13 15th Collection 14,573,519.74

16 18-Jul-13 16th Collection 279,550.00

17 29-Oct-13 17th Collection 22,500,000.00

18 23-Jun-14 18th Collection 10,203,443.68

19 15-Apr-14 19th Collection 335,460.00

20 7-Mar-14 20th Collection 5,500,000.00

Total 146,313,878.50

Project Expenditure Summary

S. No. Items Description Amount

1. Payment made to HUDA for construction activities 154,657,156.56

2. Payment made for site office, fence & warehouse construction 553,048.42

3. Payment made for various activities related to the project 1,813,889.99

4. Payment made for Fixed Asset Investment 3,246,759.74

Total Payment (1 + 2 + 3 + 4) 160,270,854.71

Balance on hand as at October 24, 2013 (13,956,976.21)
 11-Jul-13
Summary of Payment Released for the Stadium Project
For the Period September 21, 2011 - July 11, 2013

Ser. No Particulars

1 Total cash outlay for the stadium project 160,270,854.71

1.1 Less: Payment made for site office & fence work 553,048.42
1.2 Less: Payment made for Fixed Asset Purchase 1,813,889.99
1.3 Less: Payment made for various activities related to the project 3,246,759.74 5,613,698.15
1.4 Total advance paid to HUDA for the project 154,657,156.56
2 Advance as per the contract excluding contingency (30% of 240,470,553.35) 72,141,166.01
3 Payment made as per payment cetificates # 1 & 2
4 Excess amount paid to HUDA considered as a loan 82,515,990.56

Payment Request for Executed Works

Ser. No Particulars Remrks

1 Executed works to date 40,059,342.88
1.1 Add: 15% VAT for executed works 6,008,901.43
46,068,244.31
1.2 Less: Retention on executed works (5% of 40,059,342.88) 2,002,967.14
1.3 Less: Advance repayment (30% of 46,068,244.31) 13,820,473.29
1.4 Less: Settlement of loan given excess of advance payment 82,515,990.56 98,339,430.99
2 Net payable to HUDA (52,271,186.68)
 11-Jul-13
Summary of Payment Released for the Stadium Project
For the Period September 21, 2011 - September 30, 2014

Ser. No Particulars

1 Total cash outlay for the stadium project 160,270,854.71

1.1 Less: Payment made for site office & fence work 553,048.42
1.2 Less: Payment made for Fixed Asset Purchase 1,813,889.99
1.3 Less: Payment made for various activities related to the project 3,246,759.74 5,613,698.15
1.4 Total advance paid to HUDA for the project 154,657,156.56
2 Advance as per the contract excluding contingency (30% of 240,470,553.35) 72,141,166.01
3 Excess amount paid to HUDA considered as a loan 82,515,990.56

Payment Request for Executed Works

Ser. No Particulars Remrks

1 Executed works to date 93,937,837.63
1.1 Add: 15% VAT for executed works 14,090,675.64
108,028,513.27
1.2 Less: Retention on executed works (5% of 93,937,837.63) 4,696,891.88
1.3 Less: Advance repayment (30% of 108,028,513.27) 32,408,553.98
1.4 Less: Settlement of loan given excess of advance payment 82,515,990.56 119,621,436.42
2 Net payable to HUDA (11,592,923.14)
 11-Jul-13
Summary of Payment Released for the Stadium Project
For the Period September 21, 2011 - July 11, 2013

Ser. No Particulars

1 Total cash outlay for the stadium project 160,270,854.71

1.1 Less: Payment made for site office & fence work 553,048.42
1.2 Less: Payment made for Fixed Asset Purchase 1,813,889.99
1.3 Less: Payment made for various activities related to the project 3,246,759.74 5,613,698.15
1.4 Total advance paid to HUDA for the project 154,657,156.56
2 Advance as per the contract excluding contingency (30% of 240,470,553.35) 72,141,166.01
3 Excess amount paid to HUDA considered as a loan 82,515,990.56

Payment Request for Executed Works

Ser. No Particulars Remrks

1 Executed works to date 70,673,535.75
1.1 Add: 15% VAT for executed works 10,601,030.36
81,274,566.11
1.2 Less: Retention on executed works (5% of 40,059,342.88) 3,533,676.79
1.3 Less: Advance repayment (30% of 81,274,566.11) 24,382,369.83
1.4 Less: Settlement of loan given excess of advance payment 82,515,990.56 110,432,037.18
2 Net payable to HUDA (29,157,471.06)
 11-Jul-13
Summary of Payment Released for the Stadium Project
For the Period September 21, 2011 - July 11, 2013

Ser. No Particulars

1 Total cash outlay for the stadium project 160,381,621.51

1.1 Less: Payment made for site office & fence work 553,048.42
1.2 Less: Payment made for Fixed Asset Purchase 1,813,889.99
1.3 Less: Payment made for various activities related to the project 3,246,759.74 5,613,698.15
1.4 Total advance paid to HUDA for the project 154,767,923.37
2 Advance as per the contract excluding contingency (30% of 240,470,553.35) 72,141,166.01
3 Excess amount paid to HUDA considered as a loan 82,626,757.36

Payment Request for Executed Works

Ser. No Particulars Remrks

1 Executed works to date 40,059,342.88
1.1 Add: 15% VAT for executed works 6,008,901.43
46,068,244.31
1.2 Less: Retention on executed works (5% of 40,059,342.88) 2,002,967.14
1.3 Less: Advance repayment (30% of 46,068,244.31) 13,820,473.29
1.4 Less: Settlement of loan given excess of advance payment 82,626,757.36 98,450,197.80
2 Net payable to HUDA (52,381,953.49)
 17-Oct-13

Project: Guest House & Outdoor Sport Facilities

Location : Woldia
Owner: ANRS Sport Commission
Option I: Industry Standard

Swimming Pool, Multi-Purpose Ground Tennis

Ser. No Particulars Guest House Pump House & TOTAL
Changing Room Field Court
Time of Completion in Months 22 11 6 3

A. Construction
Construction Cost 16,381,834.75 9,624,484.78 3,861,708.68 1,747,502.48 31,615,530.69
Overhead (35%) 5,733,642.16 3,368,569.67 1,351,598.04 611,625.87 11,065,435.74
Profit (8%) 1,310,546.78 769,958.78 308,936.69 139,800.20 2,529,242.46
Sub Total 23,426,023.69 13,763,013.24 5,522,243.41 2,498,928.55 45,210,208.89
B. Design
Design Fee 182,325.81 117,098.39 28,224.80 19,158.45 346,807.45
Overhead (15%) 27,348.87 17,564.76 4,233.72 2,873.77 52,021.12
Profit (20%) 36,465.16 23,419.68 5,644.96 3,831.69 69,361.49
Sub Total 246,139.84 158,082.83 38,103.48 25,863.91 468,190.06
C. Supervision
Monthly Fee = 18,500 Birr / month 407,000.00 203,500.00 111,000.00 55,500.00 777,000.00
Sub Total 407,000.00 203,500.00 111,000.00 55,500.00 777,000.00

TOTAL Excluding VAT 24,079,163.54 14,124,596.06 5,671,346.89 2,580,292.45 46,455,398.94

VAT 3,611,874.53 2,118,689.41 850,702.03 387,043.87 6,968,309.84

Total Including VAT 27,691,038.07 16,243,285.47 6,522,048.93 2,967,336.32 53,423,708.79

 25-Nov-13

Project: Guest House & Outdoor Sport Facilities

Location : Woldia
Owner: ANRS Sport Commission

Ground Tennis Multi-Purpose Swimming Pool, TOTAL

Ser. No Particulars Guest House SUB TOTAL Pump House &
Court Field Changing Room
Time of Completion in Months 22 3 6 11

A. Construction
Construction Cost 16,381,834.75 1,747,502.48 3,861,708.68 21,991,045.91 9,624,484.78 31,615,530.69
Overhead (35%) 5,733,642.16 611,625.87 1,351,598.04 7,696,866.07 3,368,569.67 11,065,435.74
Profit (8%) 1,310,546.78 139,800.20 308,936.69 1,759,283.67 769,958.78 2,529,242.46
Sub Total 23,426,023.69 2,498,928.55 5,522,243.41 31,447,195.65 13,763,013.24 45,210,208.89
B. Design
Design Fee 182,325.81 19,158.45 28,224.80 229,709.06 117,098.39 346,807.45
Overhead (15%) 27,348.87 2,873.77 4,233.72 34,456.36 17,564.76 52,021.12
Profit (20%) 36,465.16 3,831.69 5,644.96 45,941.81 23,419.68 69,361.49
Sub Total 246,139.84 25,863.91 38,103.48 310,107.23 158,082.83 468,190.06
C. Supervision
Monthly Fee = 18,500 Birr / month 407,000.00 55,500.00 111,000.00 573,500.00 203,500.00 777,000.00
Sub Total 407,000.00 55,500.00 111,000.00 573,500.00 203,500.00 777,000.00

TOTAL Excluding VAT 24,079,163.54 2,580,292.45 5,671,346.89 32,330,802.88 14,124,596.06 46,455,398.94

VAT 3,611,874.53 387,043.87 850,702.03 4,849,620.43 2,118,689.41 6,968,309.84

Total Including VAT 27,691,038.07 2,967,336.32 6,522,048.93 37,180,423.31 16,243,285.47 53,423,708.79

 25-Nov-13

Project: Guest House & Outdoor Sport Facilities

Location : Woldia
Owner: ANRS Sport Commission

Ground Tennis Court Multi-Purpose Field

Ser. No Particulars Guest House SUB TOTAL

Time of Completion in Months 22 3 6

A. Construction
Construction Cost 16,381,834.75 1,747,502.48 3,861,708.68 21,991,045.91
Overhead (35%) 5,733,642.16 611,625.87 1,351,598.04 7,696,866.07
Profit (8%) 1,310,546.78 139,800.20 308,936.69 1,759,283.67
Sub Total 23,426,023.69 2,498,928.55 5,522,243.41 31,447,195.65
B. Design
Design Fee 182,325.81 19,158.45 28,224.80 229,709.06
Overhead (15%) 27,348.87 2,873.77 4,233.72 34,456.36
Profit (20%) 36,465.16 3,831.69 5,644.96 45,941.81
Sub Total 246,139.84 25,863.91 38,103.48 310,107.23
C. Supervision
Monthly Fee = 18,500 Birr / month 407,000.00 55,500.00 111,000.00 573,500.00
Sub Total 407,000.00 55,500.00 111,000.00 573,500.00

TOTAL Excluding VAT 24,079,163.54 2,580,292.45 5,671,346.89 32,330,802.88

VAT 3,611,874.53 387,043.87 850,702.03 4,849,620.43

Total Including VAT 27,691,038.07 2,967,336.32 6,522,048.93 37,180,423.31

 17-Oct-13

Project: Guest House & Outdoor Sport Facilities

Location : Woldia
Owner: ANRS Sport Commission
Option II: OH 10% & Profit 1% on Construction Cost, No Design Fee

Swimming Pool, Multi-Purpose Ground Tennis

Ser. No Particulars Guest House Pump House & TOTAL
Changing Room Field Court
Time of Completion in Months 22 11 6 3

A. Construction
Construction Cost 16,381,834.75 9,624,484.78 3,861,708.68 1,747,502.48 31,615,530.69
Overhead (10%) 1,638,183.48 962,448.48 386,170.87 174,750.25 3,161,553.07
Profit (1%) 163,818.35 96,244.85 38,617.09 17,475.02 316,155.31
Sub Total 18,183,836.57 10,683,178.11 4,286,496.63 1,939,727.75 35,093,239.07
B. Design
Design Fee -
Overhead (%) - - - - -
Profit (%) - - - - -
Sub Total - - - - -
C. Supervision
Monthly Fee = 18,500 Birr / month 407,000.00 203,500.00 111,000.00 55,500.00 777,000.00
Sub Total 407,000.00 203,500.00 111,000.00 55,500.00 777,000.00

TOTAL Excluding VAT 18,590,836.57 10,886,678.11 4,397,496.63 1,995,227.75 35,870,239.07

VAT 2,788,625.49 1,633,001.72 659,624.50 299,284.16 5,380,535.86

Total Including VAT 21,379,462.06 12,519,679.82 5,057,121.13 2,294,511.92 41,250,774.93

 17-Oct-13

Project: Guest House & Outdoor Sport Facilities

Location : Woldia
Owner: ANRS Sport Commission
Option III: OH 10% & Profit 1% on Construction Cost, No Design Fee & Supervision Fee only for Guest House

Swimming Pool, Multi-Purpose Ground Tennis

Ser. No Particulars Guest House Pump House & TOTAL
Changing Room Field Court
Time of Completion in Months 22 11 6 3

A. Construction
Construction Cost 16,381,834.75 9,624,484.78 3,861,708.68 1,747,502.48 31,615,530.69
Overhead (10%) 1,638,183.48 962,448.48 386,170.87 174,750.25 3,161,553.07
Profit (1%) 163,818.35 96,244.85 38,617.09 17,475.02 316,155.31
Sub Total 18,183,836.57 10,683,178.11 4,286,496.63 1,939,727.75 35,093,239.07
B. Design
Design Fee -
Overhead (%) - - - - -
Profit (%) - - - - -
Sub Total - - - - -
C. Supervision
Monthly Fee = 18,500 Birr / month 407,000.00 407,000.00
Sub Total 407,000.00 - - - 407,000.00

TOTAL Excluding VAT 18,590,836.57 10,683,178.11 4,286,496.63 1,939,727.75 35,500,239.07

VAT 2,788,625.49 1,602,476.72 642,974.50 290,959.16 5,325,035.86

Total Including VAT 21,379,462.06 12,285,654.82 4,929,471.13 2,230,686.92 40,825,274.93

 7-Apr-14

Project: Guest House & Outdoor Sport Facilities

Location : Woldia
Owner: ANRS Sport Commission
Swimming Pool, Multi-Purpose Ground Tennis
Ser. No Particulars Guest House Pump House & TOTAL
Changing Room Field * Court *

A. Construction
General Excavation & Earth Works 876,107.01 1,382,718.08 387,031.40 225,048.61 2,870,905.10
Masonry Works 186,608.00 164,138.00 72,080.00 65,720.00 488,546.00
Concrete Works 4,191,117.84 4,520,789.93 566,086.15 108,409.13 9,386,403.05
Block Works 986,849.67 167,304.90
Construction Works & Facilities 455,418.00 351,292.00 806,710.00
Roofing 392,752.34 100,698.22
Carpentry & Joinery 1,526,516.80 181,253.25
Tennis Court Fencing 198,400.00
Ditch Construction Works 66,000.00 66,000.00
Steel Structure 43,349.51
Metal Works 1,736,542.79 90,855.90
Finishing Works 2,594,835.52 2,016,525.35
Painting 391,330.97 75,902.86
Spectator Seating 1,288,266.09 470,919.94 322,002.20 213,589.08 2,294,777.31
Electrical Installation 1,932,399.14 1,040,848.94 2,374,996.10 933,964.45 6,282,208.63
Sanitary Installation 1,414,281.64 727,375.00 2,141,656.64
TOTAL Excluding VAT 16,103,326.17 11,669,586.52 4,970,988.85 2,096,423.27 34,840,324.81
VAT 2,415,498.93 1,750,437.98 745,648.33 314,463.49 5,226,048.72

Total Including VAT 18,518,825.10 13,420,024.50 5,716,637.18 2,410,886.76 40,066,373.53

31,938,849.59
NB. * As per letter written from HUDA, construction of Multi-purpose sport field & Ground Tennis Court will commence on fund vailability from the project owner (ANRS Sport Commission).