Audit

The Company shall have one Auditor, which is an accounting firm approved by the Finnish Central Chamber of Commerce (APA). The AGM elects the Company's Auditor. The AGM 2014 elected the Authorized Public Accounting firm Ernst & Young Oy as the Auditor of the Company. Mr. Harri Pärssinen, APA, has acted as the auditor with principal responsibility. Each subsidiary is subject to local auditing under the local regulations, which is conducted by representatives of the Ernst & Young network in each country. Ernst & Young Oy has acted as the Company's Auditor since the AGM 2010. Before the financial year 2010 the Company's Auditor for several years was the Authorized Public Accountant firm KPMG Oy Ab and auditors representing it.

In 2013, total auditing costs of the Group amounted to EUR 1.5 million (2012: EUR 1.4 million). The Ernst & Young network has also provided other consultancy not related to auditing worth EUR 1.4 million (2012: EUR 0.7 million). Such other consultancy services included e.g. advisory in connection with various structuring and transactional projects.