The independent auditor is elected by the Annual General Meeting for a period of one year. The lead auditor in the present mandate, Beat Inauen, took office at the Annual General Meeting of 2009. According to the relevant statutory provisions in the Swiss Code of Obligations (Art. 730a CO) the term of the lead auditor is limited to a maximum of seven years. Herewith the term of Beat Inau-en as lead auditor ends with the Annual General Meeting 2016.
Thomas Illi will take office as lead auditor after the Annual General Meeting 2016 if PricewaterhouseCoopers AG, St. Gallen is re-elected as independent auditor in the Annual General Meeting 2016.
In the reporting period, PricewaterhouseCoopers charged SFS Group about CHF 0.7 million (PY 0.8) for auditing SFS Group AG, the Group financial statements and several subsidiaries.
PricewaterhouseCoopers AG and affiliated companies did not raise any invoices for audit-related services in the reporting period (PY 0.2 million). For additional services with regard to tax compliance as well as other tax consulting services a total amount of CHF 0.2 million
(PY 0.2) was paid to PricewaterhouseCoopers AG and affiliated companies in 2015.