Entity authorized to audit financial statements

Supervisory Board appoints the entity authorized to audit or review financial statements upon a motion of the Management Board and recommendation of the Audit Committee.

On 21 May 2012 the Supervisory Board of the Bank, pursuant to Article 12.2.8 of the By-laws of Bank Pocztowy S.A. and to Article 3.1.25 of Operating Rules of the Supervisory Board of Bank Pocztowy S.A. appointed Deloitte PolskaSpółka z ograniczoną odpowiedzialnością Sp. k. (formerly Deloitte Audyt Sp. z o.o.) as the entity authorized to audit the financial statements of Bank Pocztowy S.A for the years 2012-2014.

Information of the fee of the entity authorized to audit financial statements (PLN '000)

	31.12.2013	31.12.2012
Statutory audit of the financial statements 1/	358	356
Review of interim financial statements 1/	239	204
Other services 2/	706	210
Total	1,303	770

 

1/ Fee payable for the services performed in 2012 and 2013 based on the agreement of 28 May 2012 on audit of the financial statements for the years 2012 – 2014 (Deloitte Audyt Sp. z o.o.) to include:
- separate and consolidated financial statements for the 12 months of 2013 and 12 months of 2012;
- condensed separate and consolidated financial statements for the 3, 6 and 9 months of 2013 and 6, 8 and 10 months of 2012;
2/ Fee for services performed in 2013 based on:
- agreement of 14 November 2013 regarding the audit of PSI business model (Deloitte Advisory Sp. z o.o.);
- agreement of 4 April 2013 regarding pre-implementation analysis of the central banking system and support in market analysis (Deloitte Business Consulting S.A.).
Fee for services performed in 2012 based on:
- agreement of 14 February 2012 on performance of advisory services involving delivery of market benchmarks regarding recovery rate levels, probability of non-performance and conversion parameter (Deloitte Advisory Sp. z o.o.);
- agreement of 10 October 2011 regarding pre-implementation analysis of the central banking system and support in market analysis (Deloitte Business Consulting S.A.).
In 2012 the other services category was extended and now it includes all services to Deloitte. In the Management Board's report for 2012 other services included only payments directly related to the audit of the financial statements.