Expenses incurred in relation to the audit of the
standalone and consolidated financial statements of the Company, as well as
other services provided by PricewaterhouseCoopers (PwC) as follows:
| (in HUF millions) | For the year ended December 31, | |
| 2019 | 2020 | |
| Audit of the financial statements | 386 | 388 |
| Other audit related fees | 51 | 16 |
| Other non audit related fees | 90 | 83 |
| Total expenses payable to PwC | 527 | 487 |
Audit of the financial statements is the
aggregate fees of PwC in connection with the audit of our annual financial
statements and services performed in relation to legal obligations and
submissions required by regulatory provisions. Review of the quarterly financial statements is
also included, as well as information systems and procedural reviews and
testing to understand and place reliance on the systems of internal control.
Other audit related services
mainly include other professional auditing services provided
by the Auditor beyond the audit of the financial statements, as well as other
audit procedures necessary for meeting the reporting requirements arising from
public or corporate legal provisions.
Other non-audit related fees are fees of PwC primarily related to consulting services and services like participation by Magyar Telekom employees in conferences and training sessions organized by PwC.