Entity authorized to audit financial statements

On 8 May 2012 the Supervisory Board of PZU appointed Deloitte Polska spółka z ograniczoną odpowiedzialnością spółka komandytowa with the registered office in Warsaw, Al. Jana Pawła II 19, entered on the list of entities authorized to audit financial statements under no. 73 by the National Chamber of Statutory Auditors as the entity authorized to audit:

  • annual financial statements of PZU;
  • annual consolidated financial statements of the PZU Group;

and to review:

  • interim separate financial statements of PZU;
  • interim consolidated financial statements of the PZU Group.

The entity has been appointed for two subsequent financial years, i.e. 2012 and 2013.

Annex of 2 August 2013 modified the scope of work specified in the aforementioned agreement for the separate financial statements of PZU for the 6-month period ended 30 June 2013 so that the review of the condensed interim separate financial statements of PZU was replaced by an audit of the separate financial statements of PZU.

On 18 February 2014 the Supervisory Board of PZU appointed KPMG Audyt Sp. z o.o. sp. k. with the registered office in Warsaw, ul. Chłodna 51, 00-867 Warsaw, entered on the list of entities authorized to audit financial statements under no. 3546 by the National Chamber of Statutory Auditors as the entity authorized to audit financial statements, with whom an agreement on audit and review of financial statements will be concluded.

The scope of the agreement will include:

  • audit of annual separate financial statements of PZU and of annual consolidated financial statements of the PZU Group;
  • review of interim separate financial statements of PZU and of interim consolidated financial statements of the PZU Group.

The work referred to above will include three subsequent financial years ending, respectively, on 31 December 2014, 31 December 2015 and 31 December 2016 with an option to extend the agreement for further two financial years ending, respectively, on 31 December 2017 and 31 December 2018.

Former cooperation of PZU with KPMG Audyt included mostly tax advisory services.

Fee of the entity authorized to audit financial statements

1 January - 31 December 20131 January - 31 December 2012
Statutory audit of annual separate/consolidated financial statements 633  633
Other attestation services including review of separate/consolidated financial statements 887 519
Tax advisory services 416 377
Other services 34 34
Total 1,970 1,563