External auditors
The IGD Governance decided that the activities related to financial audit are carried out by a company selected by the Shareholders’ Meeting from among those listed in Consob’s specific roll.
On 16 September 2004 the Shareholders’ Meeting granted the company Reconta Ernst&Young the following assignments, which were subsequently renewed on 23 April 2007, for the period 2006-2014:
- financial audit of separate annual statements
- financial audit of consolidated annual statements
- financial audit of half-yearly financial statements.
The following table, pursuant to art. 149-duodecies of the Issuers Regulation, shows the costs incurred by IGD for audit activities:
| Activity | Service provider | Recipient | 2009 | 2010 | 2011 |
|---|---|---|---|---|---|
| Auditing | Reconta Ernst & Young S.p.A. | IGD SIIQ SPA | 123 | 110 | 113 |
| Reconta Ernst & Young S.p.A. | Subsidiaries: Immobiliare Larice S.r.l., Millennium Gallery S.r.l., Porta Medicea S.r.l. | 33 | 33 | 33 | |
| Ernst & Young S.r.l. | Romanian subsidiaries | 52 | 40 | 42 | |
| Bond opinion | Reconta Ernst & Young S.p.A. | IGD SIIQ SPA | - | 162 | - |
| Other services | Ernst & Young Financial-Business Advisors S.p.A. | IGD SIIQ SPA | - | 79 | 67 |
| Total (in €/000) | 219 | 436 | 255 | ||
Reports of Independent Auditors Archive



