Audit organisation
The Company attracts an external auditor on a competitive basis for an independent assessment of the reliability of accounting (financial) statements composed under the Russian and international standards.
To audit and confirm the Company’s annual financial statements for 2025, the General Meeting of Shareholders appointed the Company’s Audit Organisation.
The Company’s Board of Directors suggests a candidate for an audit organisation to be appointed on the annual General Meeting of Shareholders in the course of preparation and holding of this Meeting.
By the decision of the General Meeting of Shareholders of the Company dated 10 June 2025, the Company’s audit organisation appointed a collective participant consisting of LLC B1-Audit (until January 2026, the name was LLC
An agreement between the Company and an audit organisation stipulates service fees and terms of payment for the audit organisation. The decision of the Board of Directors of the Company dated 16 May 2025 determined the amount of payment for the Company’s services for auditing accounting (financial) statements for 2025 prepared under the RAS and for auditing consolidated financial statements for 2025 prepared under the IFRS in the amount of RUB 2,888,321.13, including VAT (20%) of RUB 481,386.85 (Minutes № 618/2025 dated 16 May 2025).
Due to the completion of the Company’s reorganisation in the form of the merger of JSC Rosseti Kuban, the obligations under the mandatory audit contract of JSC Rosseti Kuban were transferred to PJSC Rosseti South. Changes in the volume and composition of services for 2025 include:
- Audit of the final accounting (financial) statements of JSC Rosseti Kuban, prepared in accordance with Federal Law No. 402-FZ dated 6 December 2011 “On Accounting” for the period from 1 January to 30 November 2025;
- Audit of special-purpose financial information and consolidated special-purpose financial statements of JSC Rosseti Kuban for the 11 months ended 30 November 2025;
The cost of audit services for 2025, taking into account changes in their volume and composition, as well as the effect from an increase in the VAT rate from 1 January 2026, amounted to RUB 6,860,131.53, including VAT of RUB 1,219,316.83.
No non-audit services were provided in the reporting year.
In accordance with the opinion of the Company’s internal audit on the assessment of the audit performance, auditors’ conclusions, and efficiency of the external audit of the accounting (financial) statements of PJSC Rosseti South for 2025:
- Procedures conducted by LLC
TsATR – Audit Services in the course of the external audit of the RAS-compliant financial (accounting) statements of the Company for 2025 comply with the terms of the Agreement and the requirement of Federal Law on auditing No. 307-FZ dated 30 December 2008; - Independent Auditor’s report on the Company’s accounting (financial) statements for 2025 was prepared in accordance with Federal Law No. 307-FZ dated 30 December 2008 “On Auditing”, International Standards on Auditing, and contains an opinion expressed in the prescribed form on the reliability of the audited entity’s (PJSC Rosseti South) financial statements.