Audit

The company’s auditor, which shall be an auditing firm approved by the Central Chamber of Commerce, is elected annually at the General Meeting. The term of office of the auditor terminates at the close of the first General Meeting following the election.

It is the duty of the auditor to ensure that the financial statements have been prepared in accordance with the valid legislation and that they provide a true and fair view of the company’s result and financial position and other necessary information for the company’s stakeholders. The requirements of internal control are also taken into account in the auditors’ audit plans.

The auditor annually issues its report to the company’s Annual General Meeting. In addition, the auditor reports on the main points of the annual audit plan and provides a written auditor’s report concerning the entire Group to the Board of Directors in connection with the financial statements. The auditor shall always attend the Annual General Meeting, and also at least one meeting of Olvi plc’s Board of Directors during the year.

In 2024, KPMG Oy Ab, Authorised Public Accountants, served as the auditor elected by the Annual General Meeting. The auditor was responsible for the audit of Olvi plc, which is the parent company of the Group, and the Baltic and Danish subsidiaries. Kept, who reports to KPMG Oy Ab, has audited the consolidated data of the subsidiary located in Belarus. Heidi Hyry, Authorised Public Accountant, has served as the principal auditor since 26 March 2024.

In 2024, Olvi Group’s auditors were paid fees for audit tasks as follows:

– Ernst & Young Oy, EUR 134,400.00 (263,500.00); other advisory and consulting services, EUR 39,300.00 (20,500.00).

– KPMG Oy Ab, EUR 134,100.00 (0.00), other advisory and consulting services, EUR 47,300.00 (0.00).