Annual Report - EDP

: corporate governance :In 2012, the recognised specialised costs of fees to KPMG and Deloitte for auditing and statutory audits,guarantee and reliability services, tax consultancy and other services in addition to audits of accountsfor Portugal, Spain, Brazil, the USA and other countries were as follows:KPMGType of Services Portugal Spain BrazilUnited Statesof AmerciaOtherCountriesTotalAudit and Statutory Audit of Accounts 2,144,700 (1) 1,587,988 68,170 790,791 516,881 5,108,530Other Audit Services (2) 1,089,950 144,840 75,979 30,677 11,730 1,353,176Total of Audit Services 3,234,650 1,732,828 144,149 821,469 528,611 6,461,706Tax Consultancy Service 463,209 164,111 85,099 31,627 0 744,046Other Additional Services 134,500 68,755 0 0 40,000 243,255Total of Other Services 597,709 232,866 85,099 31,627 40,000 987,301Total 3,832,359 1,965,694 229,248 853,095 568,611 7,449,007(1) Includes the remuneration of the Statutory Auditors of EDP amounting 180,000 euros.(2) Includes assurance and reliability services of the exclusive competence and responsibility of the Statutory Auditor and External Auditor in accordance with the regulations on servicesprovided approved by the GSB.DeloitteType of ServicesBraZilAudit and Statutory Audit of Accounts 708,928Other Audit Services (2) 138,810Total of Audit Services 847,738Tax Consultancy Service 0Other Additional Services 0Total of Other Services 0Total 847,738Auditing services and statutory audits arerequired in order to issue opinions on theindividual and consolidated financial statementsof the parent company and its subsidiariesin Portugal and abroad. These amounts donot include services provided to associatedcompanies or jointly controlled entities.Regarding the fees for additional services,it should be noted that the EDP Regulations onServices Provided by the Statutory Auditor andExternal Auditor, which are available on the EDPwebsite (www.edp.pt), not only expressly adoptRecommendation III.1.5 of the CMVM CorporateGovernance Code on the hiring of additionalservices but also requires the Committee onFinancial Matters/Audit Committee to refuseto authorise additional services if:º º The additional service is prohibited.º º In accordance with an objective, reasonable,informed third-party standard, the service maythreaten the independence of the StatutoryAuditor or external auditor, particularly by notfostering self-review or personal -interests.In order to implement the CMVM recommendation,the EDP Regulations on Services provided by theStatutory Auditor and External Auditor set out thedifferent services in the following categories:Audit servicesa) Necessary services (including the internalcontrol procedures required as part of audits)for the issue of the external auditor’s annualor interim reports on the accountsb) Services required for compliance with locallegislation (including the internal controlprocedures required as part of audits) for theissue of legal certifications of accountsc) Other services related to those in the precedingpoints with a specific or limited purpose or scope:º º Opinion on the Internal Control System forFinancial Reportingº º Opinion on the Consumption Efficiency Plan (PPEC)º º Opinion on the Environmental DevelopmentPlan (PPDA)º º Opinion on regulated accountsº º Statements of compliance in the contextof contractual agreementsº º Reports on specified accounts, accountingelements or items in an EDP financial statementº º Comfort letters for the issue of securities.Additional services:a) Other services for guaranteeing reliability –services that take the form of a commitment,on the basis of appropriate, duly identifiedcriteria, to evaluate or quantify a certainelement for which a third party is responsibleor to express an opinion providing a certaindegree of certainty on this elementb) Tax consultancy – advisory and supportservices on tax mattersc) Other non-audit related services – coveringall other services not included in the otheradditional service categoriesPursuant to the Regulations, the Financial MattersCommittee/Audit Committee therefore authorisedthe additional services provided by the StatutoryAuditor and the external auditor, stating itsagreement with the reasons given by the ExecutiveBoard of Directors for hiring these services.The additional services actually provided in 2012accounted for about 13% of the total value ofservices rendered by these entities to EDP Group.EDP - Annual Report 2012145