The Management Board of Korporacja Budowlana Dom Spółka Akcyjna with its registered office in Kartoszyno ("the Company", "Issuer") informs that on June 4, 2018, the Company received a statement dated May 31, 2018 from Deloitte Polska sp. Z o.o. sp.k. with headquarters in Warsaw, Al. Jana Pawla II 22, regarding the immediate termination of an agreement for the provision of audit services and other assurance services (an audit and review of the Company's financial statements).
The above agreement was concluded between the auditor and the Issuer on July 20, 2017. for a period of 2 years.
About choosing the above the entity to review and audit the Issuer's unitary and consolidated financial statements for the years 2017-2018, the Issuer informed in its current report No. 19/2017 of 31 May 2017.
In the received statement of Deloitte Polska sp. o.o. sp.k. she indicated that the reason for the termination of the contract is the ineffective expiration of the 15-day deadline set for the Company in the summons of May 9, 2018. to perform the obligations arising from the research contract, consisting in the Issuer's delivery of documentation allowing the completion of the examination being the subject of the contract, and in particular the Company's failure to deliver the unitary and consolidated financial report for 2017, including the current situation of the Issuer, signed by the Management Board. During the term of the agreement, there were no cases in the audit reports and consolidated financial statements, qualified opinions, negative opinions and refusals to express them. According to the best knowledge of the Management Board, as at the date of this announcement, there were no discrepancies regarding the interpretation and application of the law or the provisions of the statute regarding the subject matter and scope of the audit, review or other services between the managing persons during the term of the agreement, and a statutory auditor who performed research, review or other services regarding the Issuer's financial statements and consolidated financial statements. At the same time, the Management Board declares that the indicated circumstances are currently being analyzed.
Letter of the statutory auditor addressed to the PFSA, explaining the reasons for termination of the contract, will be made public immediately after its receiptCompany.
At the same time, the Issuer announces that today it received from the subsidiary company of the Issuer, Korporacja Budowlana Dom Sp. z o.o. ("KB DOM"), a statement dated May 31, 2018 from Deloitte Polska sp. O.o. sp.k. with headquarters in Warsaw, Al. Jana Pawla II 22, regarding the immediate termination of an agreement with KB DOM for the provision of audit services and other assurance services.
In the received statement of Deloitte Polska sp. o.o. sp.k. indicated that the reason for the termination of the contract is the ineffective expiration of the 15-day deadline for the KB DOM in the request of
February 8, 2018. for the performance of obligations under the research contract, consisting in the provision by KB DOM of documentation allowing the completion of the study being the subject of the contract, and in particular on failure of KB DOM to provide the final financial report signed by the Board for 2017.
Detailed legal basis - § 5 point 3 of the Regulation of the Minister of Finance of 29/03/2018 on current and periodic information provided by issuers of securities and conditions for recognizing as equivalent information required by the laws of a non-member state (Journal of Laws of 2018, item 757 ).
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