07:54 06 Jul 25
Info Report Check
Submission incomplete:
The DOE is requested to include information on how it has validated the input values to the financial calculations as per VVM v 1.2 paragraph 114 (a).
The validation report (p 58) states that "the FSR was made in March 2010 and the investment decision was made on 01 April 2010. (p58)" while the DOE validated the interest rate used in FSR by stating "The Audit Team can confirm that actual interest rates in November 2008 (which is the closest to the date of investment decision) are corresponding to synchronized interest rates published (for year 2008, i.e., 5.94%)." Further information is required on why the DOE validated the interest rate of the FSR finalized in 2010 by crosschecking the interest rate in 2008 (instead of 2009 or 2010).
The DOE is requested to include information on how it has validated the input values to the financial calculations as per VVM v 1.2 paragraph 114 (a).
The validation report (p 58) states that "the FSR was made in March 2010 and the investment decision was made on 01 April 2010. (p58)" while the DOE validated the interest rate used in FSR by stating "The Audit Team can confirm that actual interest rates in November 2008 (which is the closest to the date of investment decision) are corresponding to synchronized interest rates published (for year 2008, i.e., 5.94%)." Further information is required on why the DOE validated the interest rate of the FSR finalized in 2010 by crosschecking the interest rate in 2008 (instead of 2009 or 2010).
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