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Relations with the external auditor

Relations with the external auditor

In 2018, PricewaterhouseCoopers Auditores, S.L. ("PwC") was appointed as the Company's external auditor for 2018, 2019, and 2020. The Annual General Meeting of March 26, 2021, also agreed to re-elect PwC as the external auditor of the Company and its Consolidated Group for 2021, which was therefore the fourth year audited by that firm, being the partner in charge of the audit Iñaki Goiriena Basualdu.

 

External auditor services and fees for year 2021

In 2021, the amount of the fees approved for the auditing work carried out by PricewaterhouseCoopers Auditores, S.L. and its organization for the Company and companies in its Group amounted to €6 million.

In addition, the fees approved for PwC for professional services relating to auditing and other services amount to €1.4 million. As of December 31, 2021, the services provided other than audit work comprised 22.4% of the total amount of the fees of PwC.

A breakdown of these services and amounts is included in the Report of the Audit and Control Committee on the Independence of the External Auditor |PDF| 178 KB,

 

Other works for the Company made by the external auditor

The amount of the approved fees for this work and the percentage they represent of the approved fees to the Company and/or its Group, for the year 2021:

 

  Company

Group companies

Total
Amount of non-audit work(1) (thousands of euros) 880 473 1,353

Amount of non-audit work / Amount of audit work (%)

32.3% 14.3% 22.4%

 (1) Includes mainly, the amount of non-audit services (review of the Internal Financial Reporting Control System, the limited review of the consolidated financial statements as of June 30, verifications and certifications for partners and official bodies, reports for the issuance of bonds and other marketable securities -Comfort letter-, as well as the verification of the non-financial information of the consolidated.

 

As of December 31, 2021, the services provided other than audit work comprised 32.3% of the total amount of the fees of PwC.