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External auditors: other tasks

07/14/2015 - 10:00 AM

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During the 2014 financial year Telecom Italia S.p.A. appointed PricewaterhouseCoopers S.p.A. to undertake various tasks other than audits of financial statements, the fees for which, before VAT, are summarised below:

PricewaterhouseCoopers S.p.A.

(Euros)

Agreed procedures and declarations regarding tender bids

60,100

Agreed procedures connected with the issue of comfort letters in relation to the issue of notes

137,000

Activities connected with updating the 20,000,000,000 euros Euro Medium Term Note Programme

39,000

Limited auditing of the abbreviated interim consolidated financial statements at March 31, 2014

217,000

Agreed audit procedures on regulatory accounting areas

124,000

Accounting advice and consultation in relation to the Securities and Exchange Commission review of the Telecom Italia S.p.A. 20-F 2012 Form

28,000

Accounts auditing of the summary of costs for the staff engaged in research and development for Telecom Italia S.p.A. for the financial year 2013 allowed as deductible for the purposes of IRAP (Regional Tax), in accordance with Article 11, subsection 1, letter A) no. 5) of Legislative Decree no. 446/97 and subsequent amendments 20,000
Agreed audit procedures in relation to the portfolio of trade receivables sold by Telecom Italia S.p.A. 225,000
Audit procedures connected with the signing of the tax declaration “Modello Unico SC 2014” 6,000
Accounting advice and consultation activities carried out in financial year 2013 180,000

Total

1,036,100

PricewaterhouseCoopers other assignments in other companies in the ftse mib

In addition to Telecom Italia, PricewaterhouseCoopers is encharged of audit assignments in other companies in the ftse mib:

  • A2A
  • Azimut
  • Banca Popolare dell'Emilia Romagna
  • Campari
  • Luxottica
  • Mediobanca
  • Prysmian
  • STMicroelectronics
  • Tenaris
  • Terna
  • Tod’S
  • UnipolSai

STMicroelectronics and Tenaris are foreign companies listed in the Italian Stock Exchange.

External auditors’ Network: other tasks

In the course of the 2014 financial year, Telecom Italia S.p.A. conferred, also through its Branch Office in Argentina, a number of tasks on parties connected by continuing relationships with PricewaterhouseCoopers S.p.A. and/or on companies belonging to the latter’s network for which the fees, excluding VAT, are summarised below:

Price Waterhouse & Co. Asesores de Empresas S.R.L. (ARGENTINA)

(Euros)

Auditing of the financial statements as at December 31, 2014 of “Sucursal Argentina” (Argentina Branch Office). Equivalent of 60,277 Argentine Pesos (ARS) at the average exchange rate for financial year 2014: 1 euro = 10.76605 ARS

5,599

Total

5,599

PricewaterhouseCoopers Advisory S.p.A.

(Euros)

Supplementary auditing activities with respect to the appointment relative to the examination of the sustainability reports for the financial years from 2010 to 2018:

 

2014
52,276
Period 2015 - 2018 (for each year, variable amounts from 17,000 euros to 21,000 euros)  

Total

52,276