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AfrAsia Bank Limited and its Group Entities

Annual Report 2015

page 64

AUDITORS’ REMUNERATION

The fees paid to the auditors for audit and other services were:

YEAR ENDED

30 JUNE 2015

YEAR ENDED

30 JUNE 2014

YEAR ENDED

30 JUNE 2013

Audit

Other*

Audit

Other*

Audit

Other*

MUR

MUR

MUR

MUR

MUR

MUR

Ernst & Young

THE BANK

AfrAsia Bank Limited

1,625,000 3,676,577

1,791,493 1,062,993 1,142,992 75,825

THE SUBSIDIARIES

AfrAsia Investments Limited

160,000

-

171,000 310,500 140,000 28,750

AfrAsia Holdings Limited

50,000

-

45,480 13,800 40,000 13,800

AfrAsia Corporate Finance (Pty) Limited

485,846

-

389,743

-

-

-

AfrAsia Corporate Finance (Africa) Limited

180,206

-

151,394

-

-

-

AfrAsia Corporate Finance (Mauritius) Limited

99,105

-

120,600

-

-

-

AfrAsia Capital Management Limited

370,000

-

333,500

-

-

-

KPMG

THE BANK

AfrAsia Bank Limited

1,375,000

-

1,535,000

-

-

-

* Fees captured under “Others” are principally fees paid to Ernst & Young towards services for Agreed upon Procedures, Independent

Assurance Report and Interim Review for the Bank and its subsidiaries.

INTERNAL CONTROL, INTERNAL AUDIT AND RISK MANAGEMENT

Further information is provided on page 104

ANTI-MONEY LAUNDERING

Further information is provided on page 105

CORPORATE GOVERNANCE REPORT (CONTINUED)