32. Entity authorised to audit financial statements

The entity authorised to audit the separate financial statements of PGE Polska Grupa Energetyczna S.A. for the years 2020 and 2019 as well as the consolidated financial statements of the PGE Capital Group for the years 2020 and 2019 is Deloitte Audyt spółka z ograniczoną odpowiedzialnością Sp. k. (Deloitte) on the basis of an agreement entered into on April 26, 2019. The selection of the aforementioned audit firm for the years 2019-2021 was made by the Supervisory Board of PGE S.A.  Deloitte is also an entity authorised to audit annual financial statements of selected PGE Capital Group companies.

In 2020 and 2019, the Group also used the following services provided by Deloitte:

  • verification of annual and semi-annual packages for consolidation purposes,
  • confirmation of conditions for maintaining indices set out in financing agreements,
  • examination of annual financial statements of self-balancing branches,
  • examination of reports on the regulatory revaluation of assets and smart metering systems,
  • examination of financial and material reports on the execution of tasks included in the National Investment Plan in connection with free allocation of CO2 emission allowances,
  • preparation of a report including an assessment of compliance with the requirements for the safekeeping of customers’ assets,
  • preparation of a statement on the adopted risk management system.

The amount of remuneration of entities, including Deloitte, authorised to audit financial statements of PGE Polska Grupa Energetyczna S.A. and the members of the Capital Group is presented in the table below

PLN '000 Year ended
December 31, 2020
Year ended
December 31, 2019
Remuneration of the audit firm for:
Audit of annual financial statements 3,438 3,258
Review of semi-annual financial statements 220 220
Other assurance services 592 534
TOTAL 4,250 4,012

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