Duration of the mandate and period of office of the auditor in charge
Since the Company was founded (1999), the statutory auditor of Swiss Prime Site AG has been KPMG Ltd., Badenerstrasse 172, 8004 Zurich. KPMG Ltd. also acts as independent auditor for all significant fully consolidated group companies.
The auditors are elected each year by the Annual General Meeting.
The auditor in charge has been in this role since 1 January 2013. The auditor’s period of office ends with the financial year 2019.
The following fees were booked for the current reporting period: audit fees in the amount of CHF 0.987 million [CHF 1.160 million], fees for advisory services of CHF 0.043 million [CHF 0.017 million] and fees for property sales of CHF 0.000 million [CHF 0.430 million].
Information instruments of the external audit
The Audit Committee holds a meeting with the auditors on annual basis regarding the financial statements as well as the audit thereof. Moreover, the results of the audit are recorded in writing in a comprehensive report for submission to the Board of Directors.
The Audit Committee evaluates the performance, fees and independence of the auditors on an annual basis and reports to the Board of Directors.
The Audit Committee evaluates the assessment of risks of misrepresentations in the financial statements by the Executive Board and external auditors as well as evaluates and monitors the implementation of countermeasures.
The Audit Committee discusses with the Executive Board and external auditors the audited consolidated financial statements and carries out a critical analysis particularly with a view toward any special events. The Audit Committee decides whether the individual and consolidated financial statements can be submitted to the Board of Directors for approval and publication, before the Board of Directors actually approves and publishes these.
The Audit Committee discusses with the external auditors any significant problems that emerge within the scope of the audit as well as the complete report and the responses by the Executive Board to the facts therein. The Audit Committee also submits proposals to the Board of Directors, as required, for appropriate solutions and monitors the implementation of measures.
The Audit Committee discusses with the Executive Board and external auditors their assessment of the general quality of Swiss Prime Site’s accounting stand-ards policy that is applied to the financial reporting, carries out a critical analysis and reports to the Board of Directors.
Swiss Prime Site Group’s detailed financial reporting occurs in the form of semi-annual and annual reports. The published accounting standards comply with the provisions of Swiss Stock Exchange Act, Listing Rules of the SIX Swiss Exchange and Swiss GAAP FER reg-ulations.
Swiss Prime Site presents the Semi-Annual and Annual Reports at the half-yearly and annual financial results press conferences as well as at the Annual General Meeting.
Swiss Prime Site conducts its reporting within the scope of the disclosure obligations according to the Financial Market Infrastructure Act (FMIA) as well as the ad-hoc publicity of the SIX Swiss Exchange. The ad-hoc releases can be retrieved concurrently with the reports to the SIX Swiss Exchange at www.sps.swiss under media.
In addition, media releases are published as required, which can be subscribed to also on the website at www.sps.swiss under media.
Further information about the Group can be found on the website at www.sps.swiss.
Swiss Prime Site AG
Telephone: +41 58 317 17 17
Significant changes since the balance sheet date
No significant changes have taken place since the balance sheet date.