Election and Remuneration of the Auditor

 

(updated on April 10, 2014)

The Company shall have one (1) auditor that has qualified as Certified Public Accountant and if the auditor is not an auditing company as defined by the law, one (1) deputy auditor shall be elected. The term of office of the auditor expires at the end of the following Annual General Meeting.

The General Meeting 2014 re-elected Ernst & Young Oy, authorized public accountant firm, auditor of the company. Ernst & Young Oy has notified that Mr. Juhani Rönkkö, CPA, will act as the responsible auditor. The remuneration for the auditors shall be paid against the auditor's reasonable invoice.

The auditor's fees in 2013 amounted to EUR 42,348 (EUR 55,619 in 2012). Of these, EUR 27,000 were attributable to auditing (EUR 27,000 in 2012), EUR 1,268 to tax advice (EUR 0 in 2012) and EUR 14,080 to other services (EUR 28,619 in 2012).