51. Auditor’s fees for the financial year pursuant to § 314 Section 1 No. 9 of the German Commercial Code (HGB)

KPMG AG Wirtschaftsprüfungsgesellschaft invoiced total professional fees in the amount of €9.0 million for services rendered. Of this amount, €4.3 million was attributable to professional fees for the of the financial statements, €3.3 million to other assurance services, €0.5 million to tax consultation services and €0.9 million to other services.

Only services that are consistent with the task of the auditor of the annual financial statements and consolidated financial statements of METRO AG were provided.

The fees for audit services provided by KPMG AG Wirtschaftsprüfungsgesellschaft relates to the audit of the consolidated financial statements, the annual financial statements and the dependent company report of METRO AG as well as various annual and audits of reporting packages for inclusion in the METRO consolidated financial statements of its subsidiaries, including statutory order extensions. In addition, the audit-integrated reviews of interim financial statements as well as project-related IT audits took place.

Other confirmation services include services provided within the framework of the demerger of the former METRO GROUP (issuing of a comfort letter, review of the combined financial statements of the MWFS Group as of 30 September 2016, founding audit, post-establishment audit, non-cash contribution assessment and impairment certificates). In addition, the other assurance services include contracted audit activities (e.g. Sales Lease Agreements, Certificates, Comfort Letter), an ICS audit of selected ISAE 3000 operational processes and the voluntary business review of the CSR report.

The tax consultation services include assistance in the preparation of tax returns and VAT activity statements and advisory services related to the settlement processes for the transfer pricing system, value added tax and in relation to the secondment of employees to foreign countries.

The other services include fees for project management support in the context of the demerger as well as in other change management processes (each without a management function), for financial due diligences and support in the area of sustainability.

Audit
A procedure that assesses an organisation’s processes and structures according to previously formulated standards and guidelines. Audits shed light on the effectiveness of process optimisation measures. If an audit is conducted by an external auditor, the certificate issued after the review can be used as evidence of adherence to standards
Glossary
Audit
A procedure that assesses an organisation’s processes and structures according to previously formulated standards and guidelines. Audits shed light on the effectiveness of process optimisation measures. If an audit is conducted by an external auditor, the certificate issued after the review can be used as evidence of adherence to standards
Glossary
IFRS (International Financial Reporting Standards)
International rules governing accounting principles. In contrast to the financial statements according to the German Commercial Code, the focus of IFRS is on investor-oriented information.
Glossary
Compliance
All measures specifying a company’s and its employees’ behaviour in accordance with legislation, established social guidelines and values.
Glossary