Ernst&Young LLC was approved as Rostelecom’s auditor in respect of RAS and IFRS reporting for 2H 2018 and 1H 2019.
Was chosen as the Company’s auditor following a public tender published on zakupki.gov.ru that was held in accordance with the current law and internal regulations of the Company.
The proposed fee payable to Ernst & Young LLC for audit-related services: RUB 70,950,000, including RUB 10,822,881.36 of VAT (including any shipment and transportation expenses, customs duties, taxes and other mandatory payments required by applicable Russian laws).
Ernst&Young LLC is not expected to provide non-audit services.
Detailed information on the audit services as well as payments to the auditor is set out in Rostelecom’s quarterly reports (in Russian) disclosed pursuant to Russian securities laws.
Russian Union of Auditors (Association):
Ernst&Young LLC general registration number in the state register of auditors and auditing organizations is 11603050648.
Rostelecom’s auditor in accordance with the Russian Accounting Standards was Ernst&Young LLC from 2015 to 1H 2018, JSC KPMG from 2008 to 2014, Ernst&Young LLC from 2005 to 2007 and JSC Ernst&Young Vneshaudit from 2002 to 2004.
Rostelecom’s auditor in accordance with the IFRS was Ernst&Young LLC from 2015 to 1H 2018, JSC KPMG from 2010 to 2014, KPMG Limited from 2008 to 2009 and Ernst&Young LLC from 2002 to 2007.