The Company has two Auditors and one Deputy Auditor. They are elected at the Annual General Meeting for a term expiring at the end of the next Annual General Meeting. The Auditors examine the Company's accounts, financial statements and administration. After completion of this examination, the Board receives a review report and an Auditors' Report is submitted to the Annual General Meeting.
The Company's Auditors are:
Ylva Eriksson, Authorized Public Accountant (CGR)
The Company's Auditor since 2015
Petter Lindeman, Authorized Public Accountant (CGR)
The Company's Auditor since 2016
The firm of PricewaterhouseCoopers Oy, Authorized Public Accountants, serves as the Company's Deputy Auditor.
Auditors' fees are adopted by the Annual General Meeting. According to the decision in force, fees are paid according to regular invoices. The Group's auditing expenses amounted to EUR 120,800 during 2016 (2015: 113,400), of which EUR 92,600 (2015: 80,500) was related to the parent company. The expenses of other services by the Group's Auditors as well as their auditing firms were EUR 40,400 during 2016 (2015: 94,000).
The Board performs the duties of an audit committee.