PricewaterhouseCoopers AG, Zurich, or its predecessor companies, has served as statutory auditors of Bucher Industries AG since 1984. The lead audit partner, Beat Inauen, has been responsible for the audit engagement since 2007.

For last year, Bucher Industries was charged CHF 1 581 000 by PricewaterhouseCoopers and approximately CHF 488 000 by other auditors for services rendered in connection with the audit of the financial statements of Bucher Industries AG and its group companies and the audit of the consolidated financial statements of Bucher Industries. In addition, PricewaterhouseCoopers charged Bucher Industries a fee of approximately CHF 544 000 for nonaudit services, comprising financial, tax and due diligence services.

The audit committee reviews the audit programme, key audit areas and audit plan every year and discusses the audit findings with the auditors. Every year, the audit committee subsequently assesses the performance, fees and independence of the auditors. In the year under review the auditing priorities of larger group companies were with internal control systems in purchasing, investments and personnel. The audit committee held two meetings with the external auditors. The internal auditors attended one of these meetings in an advisory capacity.