Translation of the Auditor's Opinion
Independent assurance report concerning the non-financial part of the 2014 Integrated Report of PKN ORLEN S.A.
To the Management Board of PKN ORLEN S.A.
We have reviewed the non-financial part of the 2014 Integrated Report of PKN ORLEN S.A. (the “Integrated Annual Report”) prepared by PKN ORLEN S.A., with its registered office at ul. Chemików 7 in Płock, Poland (the “Company”), with respect to the material aspects identified by the Company and the ratios presented in accordance with the Core option of the G4 sustainability reporting guidelines, issued by the Global Reporting Initiative (GRI). Our assurance engagement covered the period from January 1st to December 31st 2014 and focused on quantitative and qualitative data.
Responsibility for the reliability, accuracy and clarity of information contained in the Report as well as for the correctness of the relevant documentation lies with the Management Board of the Company. Our responsibility was to issue an independent assurance report on the basis of our review of the Integrated Annual Report.
Our procedures did not include independent assessment of truthfulness, accuracy or completeness of the information and documents provided by the Company. Neither did we assess the internal audit system implemented at the Company. Therefore, no opinion on the reliability of the system is given herein. Our procedures did not constitute an audit of the financial statements within the meaning of the Polish Accountancy Act. Therefore, neither an auditor’s opinion nor any other statements concerning the financial statements of the Company within the meaning of laws applicable to chartered auditors are given or made herein.
The work connected with planning and execution of the task constituted a limited assurance engagement, carried out in accordance with the International Standard on Assurance Engagements (ISAE) 3000 (Assurance Engagements Other than Audits or Reviews of Historical Financial Information). The standard requires us to plan and perform the review in such a way so as to obtain sufficient appropriate evidence that the non-financial part of the Integrated Annual Report is free of any material irregularities. The scope and methods of the review of the Integrated Annual Report differ from those of a reasonable assurance engagement. The procedures for the review of the non-financial part of the Integrated Annual Report included:
- Identification of issues and results that are material for the Integrated Annual Report from the point of view of execution of the Company’s sustainable growth strategy and expectations of its stakeholders.
- Comparison of information contained in the Integrated Annual Report with that contained in the Company’s Financial Statements for 2014.
- Interviews with persons responsible for the execution of the sustainable growth strategy and for the preparation of the Integrated Annual Report.
- Checking the compliance of information contained in the Integrated Annual Report with the Company’s internal documentation.
- Assessment of the extent to which the GRI sustainability reporting guidelines and frameworks are applied.
The review which we have performed provided a limited assurance to confirm that no material errors were identified in the data or information contained in the non-financial part of the Integrated Annual Report drawn up by PKN ORLEN S.A., with respect to the material aspects identified and the ratios comprehensively reported by the Company, and that no inconsistencies with the Core option of the G4 sustainability reporting guidelines, issued by the Global Reporting Initiative (GRI), were found.
The report is a translation from the original Polish version. In case of any discrepancies between the Polish and English version, the Polish version shall prevail.