On April 27, 2018, an independent auditor, Deloitte & Touche USC, completed the audit of the financial statements of State Enterprise “National Power Company “Ukrenergo” for the year ended December 31, 2017. As stated in the report, the audit was conducted in accordance with International Standards on Auditing. The financial statements correctly, in all material respects and in compliance with International Financial Reporting Standards, reflect the financial position of Ukrenergo as of December 31, 2017, as well as the Company’s financial results and cash flows in 2017.
“On our way to ENTSO-E, we must be a truly European company, transparent and accountable to the public, shareholders and partners,” said Vsevolod Kovalchuk, CEO of Ukrenergo. “This year’s audit report has been completed a few months earlier than in previous years. The new terms were specified by the new Law of Ukraine “On Accounting and Financial Reporting in Ukraine,” and we have successfully coped with this task!”
The audit report is available on the Ukrenergo website here.
It is worth reminding that recently, Ukrenergo has become one of the first national state companies to prepare and publish its 2017 Sustainability Report according to the Global Reporting Initiative standards.