Track record of the Auditing Commission

During 2024, the Auditing Commission of the Company held five meetings in the form of joint attendance, which dealt with issues related to planning the work of the Auditing Commission, the election of its Chairman and Secretary, as well as issues directly related to the conduct of audits.

Decisions of the Company’s Auditing Commission are published on the Company’s official websiteDecisions of the Auditing Commission meetings are published on the Company’s website..

In 2024, the Company’s financial and economic activities for 2023 were subject to auditing procedure.

The auditing programme covered the following issues (Minutes of the meeting of the Auditing Commission No. 3 dated 18 January 2024):

  • Assessment of accuracy of the accounting (financial) statements formed as of 31 December 2023
  • Business and financial analysis of the Company as at 31 December 2023
  • Assessment of the consistency of the Company’s Annual Report 2023
  • Checking whether the legislation of the Russian Federation regarding compliance with the procedure for concluding related‑party transactions is complied with
  • Verification of the Company’s activities related to the organisation of technological and price audit of progress reports on the investment programme of the Company, as well as measures to eliminate violations and shortcomings contained in the conclusions of expert organisations based on the results of technological and price audit of progress reports on the investment programme of the Company
  • Other issues

The report of the Auditing Committee was approved by the decision of the Company’s Auditing Committee for 2023 (Minutes No. 4 dated 26 April 2024), according to which an opinion was expressed on the reliability of the data in all material respects contained in the Company’s annual report for 2023 and the Company’s annual accounting (financial) statements for 2023.

There were no facts of distortion of the information contained in the report on interested party transactions concluded in 2023.

This report was included in the materials provided to the Company’s shareholders in preparation for the annual General Meeting of Shareholders of the Company in 2024.