Auditor questions the true value of Enea

According to BDO Polska, which conduted the audit, Enea should have increased its financial result in 2004 by zł.80.9 million and decrease own capital by zł.1.79 billion. "As a result of wrongly settling the acquisition price which was not included in the merger plans, the value of the fixed assets has been overestimated. As a consequence the value of own capital has been overestimated by a net amount of zł.1.79 billion," read a report written by a chartered accountant from BDO. Despite this information, the company has failed to adjust its result to the recommendations of the auditor. BDO president Andre Helin announced that the company has violated the law by not amending the value of its own capital. (Parkiet, p. 1) A.K.