Governance

Independent Auditors

Auditors

Statement of fees paid to the External Auditors and related entities
Pursuant to Article 149-duodecies of the Consob Issuers’ Regulations (Resolution no. 11971/1999, as subsequently amended), the following disclosure shows the fees for 2011 for auditing and other services carried out for SEAT Pagine Gialle S.p.A. by Reconta Ernst & Young S.p.A. and related entities.

The 2011 separate financial statements of SEAT Pagine Gialle S.p.A. were audited by Reconta Ernst & Young S.p.A. on the basis of the mandate awarded by the Shareholders’ Meeting on April 27,  2006 for 2006-2011 in compliance with the Consolidated Finance Act (Legislative Decree no. 58 of February 24, 1998).

The fee for auditing the 2011 separate financial statements and verifying that the accounts are kept correctly and that the accounting entries accurately reflect operations was € 177 thousand, while the fee for the Group consolidated financial statements was € 41 thousand. The overall fee for the limited audit of the SEAT Pagine Gialle 2011 first-half report was € 45 thousand.

The External Auditors, Reconta Ernst & Young S.p.A., also charged a total of € 138 thousand for additional work relating to: i) quarterly checks of contracts relating to the securitisation programme; ii) certification of Lighthouse International Company S.A. bondholders; iii) checks on senior debt covenants; iv) activities to support the change in revenue accounting criteria
Entities related to Reconta Ernst & Young S.p.A. charged € 17 thousand for additional tax consultancy services.


Appointment of statutory audit

It should be noted that the Assembly of June 12, 2012 has appointed PricewaterhouseCoopes SpA, as the independent auditors of SEAT Pagine Gialle S.p.A. for the years 2012-2020 inclusive.

Last Update: Tue 13 Nov 2012 | 02:46 PM