Management Board Report on the activity of the JSW S.A. for 2012
4.7. Information about the audit firm auditing the financial statements
On 10 November 2011 JSW S.A. executed an agreement with PricewaterhouseCoopers Sp. z o.o. to audit:
the Company’s financial statements for 2011-2012,
the consolidated financial statements for 2011-2012
prepared in compliance with IFRS, and for the statutory auditor to issue a written opinion on these audits along with a long-form report. This agreement also entails conducting a review of the financial statements and consolidated financial statements for H1 2012 and H1 2013 and for the statutory auditor to issue reports on these reviews. This agreement was executed for a period making it possible to perform the object of the agreement. The total amount for the performance of this work was defined in the agreement at the level of PLN 560.0 thousand. The audit firm was selected in accordance with the binding regulations and professional standards.
PricewaterhouseCoopers Sp. z o.o. audited JSW S.A.’s financial statements for 2006, 2009, 2010 and 2011, the Capital Group’s consolidated financial statements for 2006, 2009, 2010 and 2011, and it also reviewed the condensed interim separate and consolidated financial statements for H1 2011 and H1 2012. Moreover, JSW S.A. used the services of PricewaterhouseCoopers Sp. z o.o. to do the work related to the prospectus prepared for JSW S.A.’s initial public offering and to apply for admitting and introducing these shares to be traded on the regulated market of the Warsaw Stock Exchange and advisory services.
The table below depicts the statutory auditor’s fees for services provided to the Company (000s of PLN).
