Chapter 2

II. Information about the audit

  1. The audit of the consolidated financial statements as at and for the year ended 31 December 2011 was conducted by PricewaterhouseCoopers Sp. z o.o. having its seat in Warsaw, Al. Armii Ludowej 14, registered audit firm no. 144. The audit was conducted on behalf of the registered audit firm under the supervision of the principal registered auditor Antoni F. Reczek (register no. 90011).

  2. PricewaterhouseCoopers Sp. z o.o. was appointed a registered auditor to the Group by Resolution No. 15/2011 of the Supervisory Board passed on 28 March 2011, in accordance with section 15, subsection 1, item 3 of the Parent Company’s Memorandum of Association.

  3. PricewaterhouseCoopers Sp. z o.o. and the principal registered auditor conducting the audit are independent of the Group entities within the meaning of art. 56, clause 2-4 of the Act on registered auditors and their council, entities entitled to provide audit of financial statements and public supervision of 7 May 2009 (Journal of Laws 2009, No. 77, item 649, with subsequent amendments).

  4. The audit was conducted in accordance with an agreement signed on 14 April 2011, in the following periods:

    • interim audit from 28 October to 22 December 2011;
    • final audit from 9 January to 29 February 2012.