Notes to the financial statements
40. Information on the Agreement with and Remuneration Payable to the Qualified Auditor of Financial Statements, and Information on the Appointment of the Qualified Auditor to Audit the Financial Statements of Grupa LOTOS S.A.
Based on the resolution adopted by the Supervisory Board of Grupa LOTOS S.A. on December 17th 2009, Ernst &Young Audit Sp. z o.o., entered in the register of entities qualified to audit financial statements maintained by the National Board of Chartered Auditors under entry No. 130, was selected as the qualified auditor to audit the Company’s financial statements for 2010, 2011 and 2012.
On May 18th 2010, Grupa LOTOS S.A. and Ernst & Young Audit Sp. z o.o. of Warsaw concluded an agreement providing amongst other things for:.in. o dokonanie:
- review of the separate and consolidated financial statements for the first six months of
- 2010, 2011 and 2012
- audit of the separate and consolidated financial statements in 2010–2012.
The total remuneration for the audit, review and verification procedures is set forth below.
| PLN '000 | 2010 | 2009 (1) |
|---|---|---|
| Audit of the annual separate and consolidated financial statements of Grupa LOTOS S.A. | 351 (2) | 466 |
| Audit of the annual separate and consolidated financial statements of selected members of the LOTOS Group (3) | 514 | 468 |
| Confirmation services, including: | 234 | 388 |
| - review of the semi-annual separate and consolidated financial statements of Grupa LOTOS S.A. | 234 | 243 |
| - other confirmation services for the LOTOS Group companies | - | 15 |
| Other services | 10 (4) | - |
| Tax advisory services | - | - |
| TOTAL | 1,109 | 1,322 |
(1) The remuneration for the audit, review and verification of the financial statements, as well as for other services provided by Deloitte Audyt Sp. z o.o. under the agreement of June 29th 2007 regarding the review of the separate and consolidated financial statements for the first six months of 2007, 2008 and 2009 and for the audit of the separate and consolidated financial statements in 2007– 2009.
(2) The remuneration for the audit, review and verification of the financial statements, as well as for other services provided by Deloitte Audyt Sp. z o.o. under the agreement of May 18th 2010 regarding the review of the separate and consolidated financial statements for the first six months of 2010, 2011 and 2012 and for the audit of the separate and consolidated financial statements in 2010–2012.
(3) The remuneration for the audit of selected members of the LOTOS Group is payable on the basis of separate agreements between a qualified auditor of financial statements and individual companies.
(4) Fees paid for auditor training services.
This is a translation of a document originally issued in Polish
The notes to the financial statements, presented on following pages, are their integral part.
