Ernst & Young has provided a positive audit opinion on the financial statements of National Electricity Grids of Uzbekistan JSC for 2019–2020

The international auditing company of the Big Four LLC — “Ernst & Young” conducted an audit of the consolidated financial statements of JSC “National Electric Grids of Uzbekistan” for 2019–2020 in accordance with the requirements of International Financial Reporting Standards. in accordance with the requirements of International Financial Reporting Standards, a "Positive Auditor's Report" was received.

On March 31, 2021, in accordance with an agreement with “Ernst & Young” LLC, the consolidated financial statements of “National Electric Grids of Uzbekistan” JSC, prepared in accordance with the requirements of International Financial Reporting Standards for 2019, 2020 and 2021, were audited.

On September 7, 2021, an agreement was signed with “HLB Tashkent” LLC to attract specialists with international experience in conducting international audits and preparing consolidated financial statements prepared in accordance with the requirements of International Financial Reporting Standards.

In addition, on September 22, 2021, an agreement was signed with “KPMG Valuation and Consalting” LLC to assess the impairment of the company's assets in accordance with the requirements of International Financial Reporting Standard No. 36 “Impairment of Assets”.

This conclusion is an international assessment of the financial performance of JSC “National Electric Grids of Uzbekistan” and offers a number of advantages, such as attracting investment in future socio-economic sectors of society, obtaining international credit ratings, listing shares on international stock markets.

At the same time, this will allow the World Bank, the Asian Development Bank and the Islamic Development Bank to receive more complete and reliable information on the financial condition of society in anticipation of a number of projects and strategic agreements aimed at further development of the electric power industry. sector.

A number of action plans have been developed for the preparation of consolidated financial statements of JSC “National Electric Grids of Uzbekistan” for 2021 and, of course, the financial statements for 2021 were audited by the International Auditing Company “Ernst & Young”LLC.

Accounting and Reporting Department, International Financial Reporting Standards Implementation Department

🛎 Information service of JSC «NEG of Uzbekistan»

Telegram: t.me/uzmetaxborotxizmati