PwC reappraising Electrica

PricewaterhouseCoopers Romania, the local branch of one of the leading audit and consulting companies has signed an 187,000 euro contract to reappraise tangible assets with Electrica, the second-largest company on the Romanian market. This is one of the major reappraisal contracts in Romania, given that the market has as lot of potential for audit and evaluation companies in this regard. “PwC has recently won the tender organised on the Romanian Commodities Exchange for the revaluation of the tangible assets of every distribution branch of Electrica, except Moldova and the eight maintenance service units. The evaluation covers the land, the equipment, the usual fixed assets, the desktop equipment or the vehicles registered until December 31, 2003, with the appraisal results set to be included in the annual audited financials,” Constantin Chivulescu, Electrica’s CFO told Ziarul Financiar. ZF