The Kyiv Metro has commissioned an audit of its annual financial statements, spending 1 million 950 thousand hryvnias on this.
This is reported by Kyiv24
The relevant information was published on the state procurement portal Prozorro. According to the data, the capital’s municipal enterprise decided to engage an independent auditor for a comprehensive analysis of its financial condition. Significant budget funds were allocated for this audit, although the reasons for declining the services of the Department of Internal Financial Control and Audit of the Kyiv City State Administration remain unknown.
Financial Results of the Metro in Recent Years
The financial condition of the Kyiv Metro has shown significant losses in recent years. By the end of 2024, the enterprise incurred losses amounting to 2 billion 903 million 232 thousand hryvnias.
“By the end of 2024, the Kyiv Metro suffered losses of 2 billion 903 million 232 thousand hryvnias.”
In 2023, the financial losses of the subway were even greater, totaling 3 billion 167 million 121 thousand hryvnias. Therefore, the audit is expected to help understand the reasons for the financial difficulties and propose solutions.
Purpose of the Audit
Engaging an independent auditing company will provide an objective assessment of the financial statements and operations of the enterprise. The results of the audit are expected to enhance the transparency and efficiency of the Kyiv Metro’s operations, as well as help reduce financial losses in the future.