EY in the Slovak Republic · services – We can plan and manage the process of preserving hard drives, tapes and digital evidence, in accordance with legal guidelines. We are also

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EYin the SlovakRepublic

About EYEY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

EY Hodžovo nám. 1A 811 06 Bratislava

© 2016 EYGM Limited. All Rights Reserved.

This publication contains information in summary form and is therefore intended for general guidance only. It is not intended to be a substitute for detailed research or the exercise of professional judgment.

ey.com/sk

EY | Assurance | Tax | Transactions | Advisory

1EY in the Slovak Republic

Foreword 2

About EY 3

Assurance Services 4

Financial Accounting Advisory Services 6

Tax Services 8

Legal Services 11

Advisory Services 12

Transaction Advisory Services 14

EY and Social Responsibility 16

EY Entrepreneur Of The Year 17

Contacts 18

2 EY in the Slovak Republic

Dear business partners,

EY has been present in the Slovak professional service market for 25 years. We were among the first professional firms to establish offices in the Central and South-East Europe (CSE) region. We now have more than 300 employees, who are based in Bratislava, Žilina and Košice.

Whilst we offer seamless services in assurance, tax, legal, transaction and business advisory to our clients, our partners enjoy regular technical reports, surveys, workshops, conferences and e-news on current issues.

We are proud of our well-established EY Entrepreneur Of The Year award, since fostering success in the Slovak business environment has long been among our highest priorities. We also continually reinforce our corporate social responsibility with support to socially, physically, mentally or otherwise disadvantaged people.

Our professionals are united by our shared values and unwavering commitment to quality, which helps us sustain a stable market position.

We will be pleased to become your partner in the development of your business.

As a global leader in professional services, EY helps companies – from emerging growth companies to global powerhouses – identify and capitalize on their business opportunities.

2

Matej BošňákCountry Managing Partner


EY worldwide

EY is a global leader in assurance, tax, transaction and advisory services. We aim to have a positive impact on businesses and markets, as well as on society as a whole.

Working with our clientsOur 212,000 people are the foundation of our success. We assemble the right multi-disciplinary team for your business, drawing on our global network of professionals. Working with you in a collaborative style, we gain a clear understanding of your organization and strive to identify issues before they become problems. You get the people you need, wherever in the world you need them, backed up by leading practices, methodologies and tools.

Developing peopleWe attract talented people from diverse backgrounds. Our emphasis on inclusiveness matters more than ever today. As business challenges become more complex, we need to call upon the widest spectrum of views and opinions to address them. Our open culture offers continuous personal and professional development. When our people grow and succeed, it is your company that benefits.

Strengthening communitiesWe help to improve regulatory regimes and company-reporting models. We promote transparency in financial reporting and use our influence to strengthen global corporate governance. We encourage entrepreneurship, which leads to growth, jobs and prosperous communities. Additionally our people share their business skills and knowledge with others in their communities.

EY in the Slovak Republic

EY Slovak Republic is part of the CSE region, together with 20 other countries. For example, we have offices in the Czech Republic, Hungary, Poland, Slovenia and Croatia. Thanks to the cooperation of Slovak professionals with EY specialists from around the world, we are able to create first-class international teams.

We have helped our clients succeed in every sector of the Slovak economy. We currently provide services to the top Slovak companies.

About EY

As part of EY’s global team, we are ready to assist our clients, providing first-class services and extensive experience according to their business needs, wherever they may operate – in the Slovak Republic, across Central Europe, or anywhere in the world.


The EY Assurance practice in the Slovak Republic comprises more than 90 professionals, including statutory auditors and certified chartered accountants. Our commitment to quality and integrity is exemplified by our global audit methodology and comprehensive quality controls, which are applied to every client engagement. Our risk-based audit approach focuses on business drivers, the associated risks and the potential impact on financial statement accounts. We focus on gaining an understanding of critical success factors. These include stakeholder needs, competitive strategy developments, significant processes and internal controls, encompassing IT security issues.

While our primary aim is to provide clients with financial statement attestation to meet regulatory requirements, we place special importance on delivering value-added assurance services. These range from business insights and leading practices to advice on how to streamline processes and improve controls.

Although much of our work naturally focuses on the recent past of our clients’ businesses, our advice and assistance is always provided with an eye to the future. Our advice, covering growth opportunities, plus strategic, technical and transaction issues, helps companies move smoothly through their life-cycles, from ambitious start-ups to global competitors.

Audits tailored to the needs of our clientsWe work with clients to develop a detailed understanding of their needs and expectations of the audit service. Using this knowledge we tailor our services to meet our clients’ expectations, while focusing on what they value most.

Benefiting from our knowledge and technology EY has invested heavily in knowledge and communications technology to equip our people to deliver efficient and insightful audits. Our audit professionals are trained to the highest standards and have access to leading audit ‘enablers’, accounting and auditing information.

Applying international professional standards, our assurance practice provides the following services:• Accounting consultation • Mutually agreed procedures • Compilation reports • Financial statement audit • Financial statement reviews • Financial statement reviews (interim) of

audit clients • Internal controls attestation (SOX 404)• Security attestation

AssuranceServices

At EY we place the highest importance on the quality and integrity of our audits. We deliver quality assurance services to our clients in an independent, objective and ethical manner. The result — assurance services you can trust.


Fraud Investigation & Dispute Services is a part of our Assurance department, dealing with prevention, detection and investigation of various types of fraud and misconduct. It measures the financial implications of disputes and helps companies in various industries to find ways to manage fraud risk.

When it comes to investigating sensitive fraud and compliance issues, it is necessary to have a team that understands local nuances, particularities and legal requirements. That is why we are proud to have a local team of professionals based in Bratislava with the strong support of over 4,200 dedicated fraud investigation and dispute professionals around the world. Our local team is able to provide you with a wide range of anti-fraud and forensic accounting services, with the benefit of communication in Slovak language when necessary.

With experience across multiple industries, and with the global reach that today’s companies need, we have proven methods to help you address the challenges of doing business, helping resolve conflict and realize value. Our professionals include trained fraud examiners, forensic auditors, lawyers and electronic data analysts.

Our areas of focus include:

• Anti-fraud services – An anti-fraud program can help you structure your fraud risk management by assessing each element of your anti-fraud model, identifying opportunities for improvement, providing a process for implementing the improvements and helping your company understand how to monitor the effectiveness of the program. Our scalable anti-fraud program focuses on three main areas: setting the proper tone, proactive and reactive measures.

• Fraud investigations – Working with you or your outside counsel, we can help you determine what happened, how much is at risk, who is involved, and what opportunities exist for recovery.

• Corporate compliance – Centered on the principle that corporate compliance should be fully integrated into the organization, we help design and implement compliance infrastructures, processes and controls to prevent and detect non-compliance, as well as enhance business performance.

• Forensic technology and discovery services – We can plan and manage the process of preserving hard drives, tapes and digital evidence, in accordance with legal guidelines. We are also able to help you with analysis of preserved data in order to locate, identify and extract information of value as evidence to the investigation or conflict. In our forensic technology team we can also process a significant range and volume of

electronic data for an extended period in different analytical tools. The special forensic tests with focus on fraud risk areas, trends, patterns, gaps, exceptions and transaction details are more effective than random sampling of transactions only.

• Forensic support in insolvency proceedings – The services we can provide to insolvency trustees, creditors or related lawyers include review of relevant accounting entries such as disposal of company assets a short time before an insolvency proceeding, applying forensic technology to obtain other essential, but as yet unknown information, or using business intelligence gathering to review business interests or company history.

• Forensic due diligence – Whether during the pre-acquisition or post-acquisition stage, our FIDS professionals can provide you with additional information. This can relate to areas of potential non-compliance or unethical business practices used by a target in the past.

• Dispute services – Whether you’re facing a dispute arising from a merger or acquisition, a bankruptcy valuation, a significant insurance claim or large-scale litigation, we can assist you to analyze and determine financial effects, and make informed decisions.

Fraud Investigation & Dispute Services


Financial Accounting Advisory ServicesHigh-performing teams, delivering exceptional client service, worldwide

Achieve best-in-class accounting and reporting• Financial accounting excellence• Accounting compliance services

Meet regulatory, governance andfinancing-related needs• Transaction accounting• Corporate treasury• Corporate governance

and regulation

Achieve best-in-class accounting and reportingFinance functions face two key issues in today’s environment:

1. Constant changes to accounting and reporting regulations to achieve convergence of standards worldwide

2. Complex cross-border merger and acquisition activities, requiring continuous asset portfolio management

Successful organizations assess and understand the complexities of reporting

in a constantly changing business

environment. When needed, they increase

access technical IFRS expertise, and maintain clear and consistent accounting policies and guidelines.

How strong is your business position?

We will use our technical knowledge to support you in GAAP conversions, prepare notes, streamline your internal processes and keep up to date with accounting standards, IT systems and evaluation of long-term contracts. We also guide you in strengthening your procedures, improving

Meet regulatory, governance and

As regulatory requirements become increasingly complex and demanding, stakeholders look for solid evidence of good corporate governance and compliance and expect timely, effective

also often plays an extended role in a business, from managing volatility in commodity trading to overseeing foreign exchange exposure.

Is your business well positioned to meet its requirements?

We will help you:• Address new regulatory requirements• Implement a corporate treasury function•

and commodities• Benchmark your corporate governance

framework and audit committee oversight

•

Improve your accounting through IT and process enhancementCompanies often struggle with effective management oversight, cost pressures and growing regulatory requirements.

methods and controls.

Do you face the same challenges?

Working alongside you, we can assess,

and control functions, align accounting processes and metrics following new

statement close process, evaluate and redesign internal controls, and provide

consolidations. We will assist with tax-reporting packages and determine

All processes and IT systems must align for reporting

Consoli-dated

reporting

Group or business areas

Shareholders or lenders

Management

Investor reporting

Liquidity reporting

Manage-ment

reporting

Covenantreporting

Harmonized financial information

Single and consolidated financial statements

(local GAAP)

Financial accounting

Cost accounting

Information and data management

Bookkeeping system and IT system

Cash and treasury


(IFRS, US GAAP)

Address other audit, attestationand accounting impactsManagement teams often receive recommendations on process and control improvements, and require external assistance to augment a lack of resources or technical expertise.

How do you deal with these recommendations?

affecting the production and results of your

individually tailored training sessions to keep your employees playing at the top level. We can also help you unlock hidden value in your business by using the information contained in your data to gain a competitive advantage.

Fair market value calculation and benchmarking

Finance and accounting executives now use increasingly sophisticated techniques

This complex area has a high risk of error. We can provide you with an independent

benchmarking information and advice on your related processes and controls, to

5. Sustain

4. Implement

3. Design

2. Diagnose

1. IdentifyFair market value calculation and benchmarking.

Manage and execute remediation project as a whole. Communicate results back to the auditor or reviewer.

Design and agree an action plan, considering regulatory and accounting changes.

Organize all audit and review findings.

Analyze root causes,combine into groups and

assign to existing projects.

Remediation process

2

3

4

51

Improve your accounting through IT and process enhancement• Consolidation and reporting• Advanced process assurance and

data analytics

Your Financial Accounting Advisory agenda Address other audit,

attestation andaccounting impacts• Audit remediation• Data intelligence• Training services for

business professionals

Our treasury network focuses on eight key business challenges that we can help you address.

Strategy

Qua

lity

assu

ranc

e

Plan ning

Implementation

Treasury management

Treasury technology

Performance assessments

Valuation and accounting

Assurance and control

Organization and governance

Financial risk management

Corporate funding

Cash and liquiditymanagement

and document actual and budgeted effective income and tax rates. We can also use analytical methods to leverage existing data and boost performance.

Our audit remediation approach


Achieve best-in-class accounting and reporting• Financial accounting excellence• Accounting compliance services

Meet regulatory, governance andfinancing-related needs• Transaction accounting• Corporate treasury• Corporate governance

and regulation

Achieve best-in-class accounting and reportingFinance functions face two key issues in today’s environment:

1. Constant changes to accounting and reporting regulations to achieve convergence of standards worldwide

2. Complex cross-border merger and acquisition activities, requiring continuous asset portfolio management

Successful organizations assess and understand the complexities of reporting

in a constantly changing business

environment. When needed, they increase

access technical IFRS expertise, and maintain clear and consistent accounting policies and guidelines.

How strong is your business position?

We will use our technical knowledge to support you in GAAP conversions, prepare notes, streamline your internal processes and keep up to date with accounting standards, IT systems and evaluation of long-term contracts. We also guide you in strengthening your procedures, improving

Meet regulatory, governance and

As regulatory requirements become increasingly complex and demanding, stakeholders look for solid evidence of good corporate governance and compliance and expect timely, effective

also often plays an extended role in a business, from managing volatility in commodity trading to overseeing foreign exchange exposure.

Is your business well positioned to meet its requirements?

We will help you:• Address new regulatory requirements• Implement a corporate treasury function•

and commodities• Benchmark your corporate governance

framework and audit committee oversight

•

Improve your accounting through IT and process enhancementCompanies often struggle with effective management oversight, cost pressures and growing regulatory requirements.

methods and controls.

Do you face the same challenges?

Working alongside you, we can assess,

and control functions, align accounting processes and metrics following new

statement close process, evaluate and redesign internal controls, and provide

consolidations. We will assist with tax-reporting packages and determine

All processes and IT systems must align for reporting

Consoli-dated

reporting

Group or business areas

Shareholders or lenders

Management

Investor reporting

Liquidity reporting

Manage-ment

reporting

Covenantreporting

Harmonized financial information


(local GAAP)

Financial accounting

Cost accounting

Information and data management

Bookkeeping system and IT system

Cash and treasury


(IFRS, US GAAP)

Address other audit, attestationand accounting impactsManagement teams often receive recommendations on process and control improvements, and require external assistance to augment a lack of resources or technical expertise.

How do you deal with these recommendations?

affecting the production and results of your

individually tailored training sessions to keep your employees playing at the top level. We can also help you unlock hidden value in your business by using the information contained in your data to gain a competitive advantage.

Fair market value calculation and benchmarking

Finance and accounting executives now use increasingly sophisticated techniques

This complex area has a high risk of error. We can provide you with an independent

benchmarking information and advice on your related processes and controls, to

5. Sustain

4. Implement

3. Design

2. Diagnose

1. IdentifyFair market value calculation and benchmarking.

Manage and execute remediation project as a whole. Communicate results back to the auditor or reviewer.

Design and agree an action plan, considering regulatory and accounting changes.

Organize all audit and review findings.

Analyze root causes,combine into groups and

assign to existing projects.

Remediation process

2

3

4

51

Improve your accounting through IT and process enhancement• Consolidation and reporting• Advanced process assurance and

data analytics

Your Financial Accounting Advisory agenda Address other audit,

attestation andaccounting impacts• Audit remediation• Data intelligence• Training services for

business professionals

Our treasury network focuses on eight key business challenges that we can help you address.

Strategy

Qua

lity

assu

ranc

e

Plan ning

Implementation

Treasury management

Treasury technology

Performance assessments

Valuation and accounting

Assurance and control

Organization and governance

Financial risk management

Corporate funding

Cash and liquiditymanagement

and document actual and budgeted effective income and tax rates. We can also use analytical methods to leverage existing data and boost performance.

Our audit remediation approach


Our team of tax professionals, with their EY counterparts across Central Europe and in over 140 countries around the world, help clients navigate the complex and changing Slovak and global tax environments, delivering global solutions and tax strategies in line with complex business needs.

In the Slovak Republic, we provide first-class services in the following main areas:

• People Advisory Services• Direct tax• Indirect tax

To ensure the most complete understanding of our clients’ businesses, our tax professionals are specialized in a wide range of industrial sectors, such as financial services, technology, communications, industrial products, chemicals, pharmaceuticals, energy and utilities, hospitality, real estate and construction, plus retail and consumer products.

Our Slovak People Advisory Services professionals are part of EY’s global team, totaling over 7,000 staff, who advise many of the world’s largest global employers, as well as those just venturing into their first foreign country. Our performance and reward professionals help you design compensation programs and equity incentives that really engage your key people. We help you meet your executive tax compliance obligations, stay on top of regulatory change and manage your global talent effectively. We would be pleased to assist you in making this complex area your competitive advantage, thus realizing your company’s full potential.

Our People Advisory Services include:Global mobility• Advisory on employment structures from

both the corporate and the individual perspectives, Slovak and international income tax planning, social security and health insurance considerations.

• Foreign assignments, including employee and intercompany contract supervision, resolution of labour law and immigration issues, travel allowances and accounting.

• Slovak personal income tax compliance – preparation and filing of personal tax returns, calculation of tax accruals for financial planning purposes, calculation of wages, withholding tax requirements, and compliance assistance.

Performance and reward• Analysis of existing posting structure and

provision of alternative solutions based on specific demands.

• Drafting of legal labor documents (e.g., posting agreements, amendments to employment contracts, notifications on employment terms and conditions for employees).

• Drafting of commercial legal documents (e.g., amendments to supplier contracts designed for reduction of company’s liability for payment of wages and fines for illegal employment).

• Collection of documents, which a company, as a host employer, is obliged to maintain and submit.

• Preparation of notification forms for the Slovak Labor Inspectorate and acting as a contact person for document delivery.

• Registration of posted employees with the Foreign Police and the Labor Office.

TaxServices

People Advisory Services

At EY in the Slovak Republic, we have a tax professional team of more than 50 experts, many of whom are certified tax advisers.


Payroll accounting• Set up and administration of the external

payroll of the company, maintenance of the monthly payroll agenda, preparation of payslips for the employees, assistance with the related administrative and reporting obligations towards the respective authorities.

Specialists within EY Slovakia, dedicated to direct taxation, belong to a network of direct tax professionals worldwide. Servicing local as well as international clients, we help to effectively manage tax obligations by uncovering tax risks and opportunities. Our highly networked teams of professionals, who advise on planning, compliance and reporting, maintain effective tax authority relationships. They can develop sustainable tax strategies that will help your business achieve its ambitions, both locally and internationally. Specialists from various areas of direct taxation, such as transfer pricing and transaction tax, provide tailored insights and analyses of business tax situations that will assist you in making the right decisions.

Our Direct tax services include:Compliance and advisory services• Slovak corporate tax compliance,

including preparation of tax returns, technical advice, contract reviews, analysis of financing and investment structures.

Advice on international tax issues• Tax advice on the application of tax treaties,

foreign operations, structuring of foreign investments and cross-border finance.

Real estate• Financing, acquisition and disposal

structuring to optimize taxation.

Merger, acquisition and divestment planning • Structuring of complex transactions,

including analysis of tax implications and performance of tax due diligence procedures, in close cooperation with transaction advisory services specialists.

On-site tax healthchecks • Reviews aimed at maximizing efficiencies

through using tax planning opportunities and minimizing penalty exposures for non-compliance.

Transfer pricing• Development of transfer pricing policies,

transfer pricing risk review, preparation of transfer pricing documentation, support with transfer pricing audit, Advance Pricing Agreements.

Our People Advisory Services specialists work with clients to develop effective benefit and compensation schemes that reward and motivate their most valuable asset – their people.

Direct tax

Our professionals in the area of direct taxation seek compliant, efficient and easy-to-implement solutions that optimize corporate tax benefits for our clients.


Our team provides assistance in identifying risk areas and sustainable planning opportunities for indirect taxes throughout the tax life cycle. We provide our clients with effective processes to help improve their day-to-day reporting for indirect tax, assistance with attribution of input VAT, reducing costs and ensuring indirect taxes are handled correctly.

VAT and excise taxesIndirect taxes such as VAT, affect nearly every transaction that a business undertakes. Excise taxes arise every time the specific goods subject to excise taxation, are produced, imported or transported from within the EU. In the new economy, global operations are the rule rather than the exception. These trends highlight the increasingly central role of VAT planning in any successful tax management strategy.

Our team of specialists can advise you how to:• Manage and reduce your indirect taxes • Implement VAT and excise tax strategies

to meet your organization’s goals and business needs

• Utilize all of the planning opportunities available in the Slovak Republic

Our VAT and excise tax services include: • Slovak VAT and excise tax planning

and advisory services – on-call advice regarding Slovak VAT and excise legislation, including assistance with compliance requirements. Advice on maximizing recovery of input VAT where there are tax exempt activities.

• Slovak VAT compliance services – assistance with registration, Intrastat, VAT returns and related reports for foreign entities doing business in the Slovak Republic.

• Cross-border VAT advisory – advice on VAT implications of cross-border transactions performed by Slovak business entities. Assistance with foreign registration, Intrastat and VAT compliance for Slovak entities doing business abroad.

• VAT health checks – and opportunity reviews – comprehensive audit of VAT compliance and procedures, identification of risks and opportunities aimed at improving efficiencies and minimizing penalties.

• Indirect tax software setup and review – verification or setup of VAT functions in enterprise IT systems (e.g., during SAP/Oracle/Navision implementation), software reviews as required, analysis of system functions and processes in VAT/excise tax areas.

Indirect tax


We provide the full scope of professional legal services, but unlike traditional law firms, our business and legal advice are much more closely aligned. Our lawyers work in an integrated manner with professionals from Tax and other service lines to deliver the informed, professional services your business needs.

Practice areas:Corporate and commercial law• Establishment of business presence• Corporate restructuring, changes to

share capital, shareholders’ agreements• Drafting of corporate maintenance

documents, by-laws, assistance in keeping minutes of the meetings of the statutory body, shareholders or supervisory board

• Corporate and commercial agreements• Assistance in voluntary liquidation,

bankruptcy and insolvency procedures

M&A and private equity transactions• Full-scope M&A legal support in domestic

and cross-border mergers, demergers, including due diligence, preparation of transaction documents and assistance in the negotiation and closing of transactions

• “One-stop-shop” M&A advisory services covering the full spectrum of transactions by leveraging EY’s financial, business and tax advisory excellence

• Private Equity transactional capabilities

Banking and finance law• Financial regulatory matters, including

establishment and licensing of regulated entities such as financial institutions, investment funds and fund managers

• Bilateral and syndicated financing arrangements – advising both lenders and borrowers

• Financial restructuring issues

Labour law and data privacy• Employment law advice – preparation and

negotiation of employment contracts, advice on employment termination and severance matters

• Advice on cross-border posting of workers

• Benefits and compensation issues – employee benefits and incentive plans

• Data privacy advice

Litigation• Representing clients in court and

administrative proceedings (with a focus on tax litigation)

Real estate law• Acquisitions, leases and disposals of real

estate• Legal support in green field investments

and real estate development projects

Intellectual property• Legal assistance with patent protection

and IP rights

LegalServices


Frontline functions support (focused on Sales & Marketing and Operations)• Sales excellence, sales operations

and process improvements• Customer process effectiveness• Sales segmentations and marketing

segmentation• Marketing operations and execution

excellence• Return on marketing investments• Customer data analysis, customer

research and insight• Market potential and competitive

analysis, white space identification• Go-to-market strategy

Back-office functions support (Finance and Operations)• OPEX and CAPEX optimization• Resources (re-)allocation and

optimization• Finance and operations process

optimization• Process design, effectiveness and

evaluation• Corporate, operations and finance

strategy• Shared service centre operations

Human Resources function support• Organizational effectiveness and design• Organization & people KPI design,

performance management

Supply chain & operations• Supply chain process efficiency • Supply chain transformation • Supply chain rapid assessment

Project and program successImprovement• Feasibility studies and cost benefit

analysis • Project management, implementation

and coordination• Support in introducing a project

management office or improving methodology for project and/or portfolio management

• Management and successful introduction of organizational changes

• Reviews of project-management • Project health checks• Follow-up reviews

Winning in the current business environment requires companies to improve in three fundamental areas:

• Winning the market share through improvements in customer experience and innovations

• Delivering the customer experience more profitably than the competition through innovations in business processes, models and risk management

• Attracting and retaining the best people in the market, who are the enablers of change

We strive to help our clients deliver sustainable results in all three imperatives. Our business advisory professionals bring insight in these areas, which they have gained by working with the best-in-class companies and organizations. Our teams combine multi-disciplinary skills, cross sector and functional experience and we draw on the full breadth of EY’s global reach, capabilities and experience.

Performance improvement

AdvisoryServices


Transformation IT• IT strategy, IT architecture and target

operating models• Assessment and optimization of IT

functions, operations and IT performance • Assessment of application/infrastructure

portfolios• IT transformation for cost-efficient

operations • Data Structure review and design

Client-side Program Advisory • End-to-end program management support• IS application implementation support,

including project management• Support in managing third-party suppliers• Approaches to architecture, design and

acceptance testing

Technology Enablement • Finance transformation• Supply chain transformation• Tailored industry solutions• Implementation of standard customer

solutions within SAP ECC, SAP GRC,SAP S/4 HANA, FIORI, SAP HCP, SAP Cloud for Sales and others

• Project management and supervision of quality of ERP systems implementation

IT risk • IT risk management implementation• IT risk technology enablement• Program risk management• Vulnerability testing and risk

identification

IT controls• Application risk and controls• Authorization risk and controls• Information systems security • IT infrastructure risk and controls• Data management (data protection, data

integrity, data migration, data analysis)

IT Assurance • IT internal audit/IT internal controls• Service organization controls reporting• Continuous process monitoring

Governance and risk management• Enterprise risk management• Risk transformation • Development of a risk management strategy• Assessment, design, implementation and

evaluation of risk management mechanisms

Internal audit• Internal audit 2.0• Partial (co-sourcing) or full (outsourcing)

internal audit services • Evaluation of the quality of internal audits • Training of internal auditors• Dedicated support of specific audit

procedures• Data analysis• Forensic audits

Risks and internal controls• Risk Assessment and Mitigation• Assessment or innovation of internal

control system• Implementation of internal control system• Review of compliance with SOX and similar

legal requirements• Contract risk services• Implementation and assessment of

Segregation of Duties concept

Management and implementation of programs financed by EU funds• Controls and audits as part of the program

review system• Program evaluation• Services related to risk management systems• Support in establishing an efficient

implementation structure• Assistance in the strategic and operational

management of individual programs and with outsourcing specific tasks

IT Performance & Transformation IT risk Risk Advisory

Effective risk management is not just about protecting your business — it is also about making it better. We do this by helping you understand your business risks and developing plans for you to address them. By bringing together a seasoned multi-disciplinary team, we harness diverse perspectives and experience in order to work with you. We use both proven, integrated global methodologies and fresh perspectives in our work.

We provide our clients with support throughout the entire cycle of IT system use, in particular assisting with the following:

• Choosing a suitable IT system• Determining a corporate IT strategy• Designing future processes

• Implementation plan definition• Change management• Post-implementation reviews


TransactionAdvisoryServices

In Transaction Advisory Services (TAS), we respond to the needs and specifics of our clients at every stage of their businesses’ lifecycle, offering support to strategic decisions and transactions which shape their companies. We can also assist their daily operations, including management of working capital and cash flow.

EY TAS in Slovakia can also channel the resources of more than 13,000 of our professionals worldwide, utilizing their experience with transactions in various markets and industries.

Key areas of our services:• Capital and Debt Advisory• Mergers and Acquisitions• Transaction Support• Distressed Corporate Advisory• Operational Transaction Services• Transaction Tax Advisory• Valuation and Business Modelling

Our clients most often experience difficulties related to capital. We are well aware that a detailed, robust capital agenda is an important requirement for successful strategic decisions. For this reason we provide our clients and their management with complex, all-round advisory services, which can be used as effectively to deal with challenges and difficulties.

Raising equity and debt• Analysis of financing options• Debt capacity assessment• Analysis of optimal debt and equity structures• Support in negotiations with lenders• Support in fundraising• Shadow credit ratings and credit rating

advisory• Advisory in connection with public

debt and equity issuance• Support in accessing the private

debt and equity markets

Divesting strategic and non-core assets• Divestment advisory services — strategic

advice, structuring, disposal planning, sale process management, negotiation support

• Exit readiness assessment• Carve out planning and operational separation• Sell-side reports – vendor due diligence, vendor

assistance

Project finance• Public Private Partnership design

and implementation• Design, feasibility studies, stress-testing

and reviews of financial plansRaising

Pres

erving

Investin

g

Optimizing

Capitalagenda

Raising capital


TransactionAdvisoryServices

Planning and structuring transactions• M&A Advisory services – strategic advice,

acquisition targets, deal & tax structuring, acquisition process management, negotiation support

• Company valuation and financial modelling, model review, model support and model-build for transaction purposes

• Pre-acquisition due diligence to identify and mitigate risks

• Synergy identification• Transaction accounting advice• Share Purchase Agreement support• Post-acquisition integration services, including

Day 1 readiness and 100 day planning, support in delivery of synergies and effective integration

Asset and business valuations• Business valuations• Accounting valuation and purchase price

allocation• Financial risk advisory services – Profit/Value

at Risk, financial derivatives modelling and pricing, design and review of optimal hedging strategies, hedging effectiveness tests

• Credit risk advisory, pricing of credit guarantees

Optimizing asset portfolios• Valuations for group reorganizations, related

party transactions, guarantees provided• Financial modelling for decision-making• Capital equipment valuations• Real estate appraisals• Company valuation and financial modelling• Mandatory and voluntary public offers

Optimizing capital structure• Optimizing tax and corporate structure• Optimizing funding structures

Optimizing working capital and cash management • Working capital advisory• Cash management advisory

Support in delivery of synergies and effective integration• Support in integration process• Assessment of Day 1 readiness and 100 day

planning• Evaluation of actual synergies achieved

Stressed and distressed situations• Independent business reviews requested by

the client as well as by lenders• Support in short term cash management,

short term cash flow build and review• Refinancing and restructuring of debt, equity

and other obligations• Support in negotiations with lenders• Distressed corporate advisory, design and

implementation of restructuring plans• Accelerated disposal of assets and subsidiaries• Working capital management• Distressed customer and supplier analyses• Distressed assets/insolvency valuations and

modelling advisory• Operational and Markets analyses and advisory

in stressed and turnaround situations

Dispute resolution• Litigation support• Arbitrary and court proceedings• Expert valuations• Stakeholder dispute resolutions

Investing capital Optimizing capital Preserving capital


EYand SocialResponsibility

People everywhere are increasingly aware that the work we do has a big impact on their lives — on the companies they work for, on the investments they make, as well as on the capital markets and global economy as a whole. That is why we aim to make a real difference to the communities in which we live and work, using our business skills and resources to create positive social change.

Leading the debateAround the world, we help to improve regulatory regimes and company reporting models. We promote transparency in financial reporting. We use our influence to strengthen global corporate governance and support the effective operation of the world’s capital markets.

Giving our time and skillsOur people support many charities and non-profit organizations. We give everyone the opportunity to donate their time and money. We organize the Community Day where our employees can actively collaborate in not-for-profit projects associated with ecological, social or health care services.

EnvironmentWe still need to be sensitive to our environment, even though our services do not primarily affect it. We strive to enhance the quality of life of our people and future generations by sustaining a healthy environment; we strive to minimise our impact on the environment by identifying sound, eco-friendly business practices and taking a broad-based approach to energy and resource conservation.

Fostering entrepreneurshipWe promote entrepreneurship through our EY Entrepreneur Of The Year program. We believe that entrepreneurs benefit their communities by creating jobs, growing their economies and making their local communities more vibrant.


EY Entrepreneur Of The Year™

EYand SocialResponsibility

The prestigious international competition EY Entrepreneur Of The Year™, which selects the most successful business pioneers and innovators, was launched by EY in the USA in 1986. The contest has continued to expand worldwide and is now held regularly in 60 countries.

The competition was launched in the Slovak Republic in 2006. Its aim is to present to the general public exceptional and successful business people, whose success stories may inspire young budding entrepreneurs. The EY Entrepreneur Of The Year™ contest was conceived as an international competition, so the judging criteria used to evaluate individual contestants are identical in each participating country. The World Entrepreneur Of The Year Award is held annually in Monte Carlo and includes the winners from the Slovak national round.

Winners – Slovak EY Entrepreneur Of The Year™:

Patrick Hessel (2015)c2i s.r.o.

Alexander Varga, Eva Stejskalová (2014)MicroStep, spol. s r.o.

Vladimír Šrámek (2013)DECODOM, spol. s r.o.

Vladimír Levársky (2012)OMS spol. s r.o.

Ľuboš Fellner (2011)BUBO Travel agency, s.r.o.

Tomáš Bel (2010)EXIsport s.r.o.

Michal Štencl (2009)Sygic a.s.

Peter Zálešák (2008)NAY a.s.

Miroslav Trnovský (2007)SkyBau, s.r.o.

Miroslav Trnka (2006)ESET, spol. s r.o.


Contacts

Transaction Advisory Services Matej Bošňák

Country Managing Partner Head of Transaction Advisory [email protected]

Peter Demský Director [email protected]

Assurance Services Dalimil Draganovský

Head of Assurance Partner [email protected]

Tomáš Přeček Partner [email protected]

Peter Uram-Hrišo Partner [email protected]

Peter Potoček Executive Director [email protected]

Danica Matáková Executive Director [email protected]

Peter Bobík (EY Košice) Executive Director [email protected]

Fraud Investigation & Dispute Services Pavla Hladká

Executive Director [email protected]


Advisory Services Peter Málik


Lukáš Neduchal Director [email protected]

Tax Services Marián Bíž

Head of Tax Partner [email protected]

Richard Panek Partner [email protected]

Legal Services Juraj Ontko


Róbert Kováčik Executive Director [email protected]

EY Head Office in Bratislava Hodžovo námestie 1A 811 06 Bratislava +421 2 3333 [email protected]/sk

EY Košice office Štúrova 27 040 01 Košice +421 55 2304 111

EY Žilina officeKuzmányho 8010 01 Žilina 1+421 2 3333 9506

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EY in the Slovak Republic · services – We can plan and manage the process of preserving hard drives, tapes and digital evidence, in accordance with legal guidelines. We are also