About KPMG

KPMG in the Czech Republic in 2014

In the Czech Republic, KPMG provides services to its clients through four companies:

• KPMG Česká republika, s.r.o. ("KPMG ČR", founded in 1990)
• KPMG Česká republika Audit, s.r.o. ("KPMG Audit", founded in 1993)
• KPMG Advisory, s.r.o. ("KPMG Advisory", founded in 2006)
• KPMG Legal s.r.o., attorneys-at-law ("KPMG Legal", founded in 2010).

Since 2010, KPMG Czech Republic has had the following ownership structure:

Our branches

Financial indicators

The volume of sales, along with internal policies leading to cost optimisation and efficient processes, is what safeguards the group’s leading position on the audit services market in the Czech Republic and its high ranking position in the tax and advisory services area.

• Financial statements for the fiscal year 2014

  The financial year of the KPMG firms in the Czech Republic starts on 1 October and ends on 30 September. KPMG ČR, KPMG Audit and KPMG Advisory form a consolidation unit (the "KPMG Group") and feature the following financial data.

  Data in mil CZK	30/09/14
  Fixed assets	95
  Inventory	26
  Long-term receivables	5
  Short-term receivables including accruals/deferrals	236
  Cash and cash equivalents	330
  Total assets	692
  Equity	115
  Minority equity	94
  Provisions	21
  Lon-term liabilities	0
  Short-term liabilities including accruals/deferrals	462
  Total liabilities	692
  Sales	1 648
  Operating profit/loss	120
  Profit/loss on ordinary activities	108

The Global network of KPMG International

• KPMG International is a global network of independent companies operating in 155 countries throughout the world. It is staffed by more than 155 000 professionals with multidisciplinary skills and offers audit, tax and advisory services.
• The independent member firms of the KPMG network are affiliated with the KPMG International Cooperative ("KPMG International"), a Swiss entity. Each member firm of the global KPMG network is referred to and identified as a legally independent and separate entity.
• KPMG International’s headquarters are located in Amsterdam. From the Netherlands, it coordinates activities which support the individual member firms. It ensures that internal rules and standards are the same in all member firms and serve the common brand, thus attempting to contribute to the sustainability of the group as a whole.
• Member firms are independent legal entities having their own legal capacity in quality assurance and management. They can use the KPMG brand name, logo and methods provided they agree to abide by KPMG’s global values.
• At the same time, all member firms are required to comply with corporate policies and rules comprising quality standards.
• This structure built upon member firms strengthens KPMG International's global strategy, ensures that its values are adhered to and that the standard of services throughout all global markets remains the same.
• At the same time, this approach allows for the continuous sharing of knowledge and expertise among professionals throughout the global network.