48 Auditor’s Fees

In the fiscal year, the following fees (including expenses and excluding VAT) have been credited for the services rendered by the Group auditors KPMG Wirtschaftsprüfungsgesellschaft:

in € million















Other confirmation services





Tax consultancy services





Other services









All of the services rendered were consistent with the activities performed as the auditor of the annual financial statements and consolidated financial statements of Vonovia SE. The fee paid for auditing services performed by KPMG AG Wirtschaftsprüfungsgesellschaft relates to the audit of the consolidated financial statements and annual financial statements of Vonovia SE, as well as to various audits of annual financial statements and a review of one set of annual financial statements. Consolidated interim financial statements were also reviewed.

Other confirmation services include services performed in connection with capital market transactions (issuing of comfort letters, reviews of profit forecasts, merger reviews, reviews of contributions in kind and valuation certificates). In addition, the other confirmation services include reviews of reconciliations on the interest threshold based on audit standard IDW PS 900, audits performed in accordance with Section 2 of the Act on the Code of Professional Practice for German Public Auditors (WPO) on compliance with the regulations governing loans granted by the German government-owned development bank KfW, business audits pursuant to ISAE 3000 relating to various housing assistance reports and the voluntary business audits of tax compliance management systems in accordance with IDW PS 980.

The tax consultancy services were performed vis-à-vis Vonovia Finance B. V. regarding transfer prices. Companies in the conwert Group were provided with tax-related advice on VAT and real estate transfer tax matters.