KPMG scoops 30% more fees from BBC
KPMG brings in £2.6m in fees for work with the BBC in 2008/2009
BBC’s auditors KPMG scooped an extra 30% in fees from the broadcaster in
2009, compared to a year earlier.
The firm charged the BBC a total of £2.6m in 2009 for its audit and other
services, from £2m in 2008.
The audit fee for 2009 was £500,000, down from £600,000 a year earlier.
KPMG’s fees for BBC subsidiaries audit, tax and corporate finance stayed
roughly the same. However fees for ‘all other services’ increased to £1.1m from
£500,000.
The increase was principally driven by work relating to BBC Worldwide
transactions and projects, as well as individual assignments such as a review of
management and financial controls in bbc.co.uk, following the BBC Trust’s 2008
review of BBC Online, said the BBC’s press office.
The valuation of the BBC’s pension scheme shows a deficit of £139m compared
to a surplus of £528m a year earlier.
‘We remain committed to the defined benefit scheme and constantly review our
approach to pension provision to effectively manage both cost and risk; however
we also recognise that it must remain affordable to the license fee in the
long-term,’ said BBC CFO Zarin Patel in the broadcaster’s financial overview.
Further reading:
BBC trustees slam door on NAO probe
