NJSC Naftogaz of Ukraine, Ukraine`s largest state-owned energy holding, will pay UAH 48.28 million to EY (former Ernst & Young LLC) and Deloitte for the audit of its financial reports for 2015-2016 and the evaluation of the company`s assets.
The audit alone, which will be conducted by Deloitte, will cost the energy giant UAH 32.48 million.
EY was hired as an independent assessor via an open tender to evaluate the assets of Naftogaz and the companies where it holds at least 51% of shares. The assessment is required for drawing up consolidated financial reports for 2015.
EY`s bid was UAH 15.80 million.
As UNIAN reported, Naftogaz posted UAH 112.76 billion in net revenue in 2015, which was 51% up on 2014.
Naftogaz`s gross revenue in 2015 totaled UAH 12.5 billion against UAH 11 billion in losses in 2014.
At the same time, the company`s net loss in 2015 was UAH 25 billion, whereas its net loss in 2014 was UAH 89.9 billion.
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