Cost accounting system of CTT (2002) - determination of 8.1.2004

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By deliberation of 8 January 2004 and in the scope of an audit performed by the company KPMG, in respect of 2002, the cost accounting system of CTT ? Correios de Portugal, S.A., was declared to comply, in regard of all issues materially relevant,  with the principles defined in Directive 97/67/EC of 15 December, in Law no. 102/99 of 26 July (Basic Law of the Postal Service), in Decree-Law no. 448/99, of 4 November (Bases of the Concession of the Universal Postal Service), and in the Price Agreement of the Universal Postal Service, for the purposes of Article 19 of Law no. 102/99 of July 26.

KPMG has also identified some situations that should be improved, namely regarding the alteration and evolution of the cost accounting system and the correction of some of the figures established.

For further information see the "Postal Areahttp://www.anacom.pt/template31.jsp?categoryId=216962" area of Anacom's web site.

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