29. Auditor’s Fees
Since fiscal 2018 KPMG AG Wirtschaftsprüfungsgesellschaft, Düsseldorf, (KPMG AG WPG) has been the elected statutory auditor of Covestro AG and the Covestro Group. Up until and including fiscal 2017, PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft, Essen, (PwC GmbH WPG) was the elected statutory auditor of Covestro AG and Covestro Group.
The following fees were recognized as expenses for the services provided by KPMG AG WPG for 2018 as well as for PwC GmbH WPG for 2017:
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|
|
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|
PwC GmbH WPG |
KPMG AG WPG |
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|
2017 |
2018 |
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|
€ million |
€ million |
||
Audit services |
2.8 |
2.0 |
||
Other attestation services |
0.3 |
0.2 |
||
Tax services |
0.1 |
0.1 |
||
Other services |
– |
0.1 |
||
Total |
3.2 |
2.4 |
The fees for audit services for 2018 mainly comprise those for the statutory audit of the consolidated financial statements of the Covestro Group, the review of the Covestro Group’s interim report for the period ended June 30, 2018, and the audit of the financial statements of Covestro AG and its subsidiaries in Germany. The fees for audit services in the previous year additionally included fees for process-related audits of €0.6 million.
The fees for other attestation services in 2018 particularly contain the assurance of sustainability information and special audits concerning energy related topics. Tax services mainly include consultancy services for the preparation of business tax reports. Other services for 2018 essentially comprise fees for trainings.