Company: CMRE-PC
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001140361-25-005199
Chunk: 227

Company: Costamare Inc.
Filing Date: 2025-02-20
Form: 20-F
Item: Item 16C
Chunk 227
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ITEM 16C.   PRINCIPAL ACCOUNTANT FEES AND SERVICES
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Ernst & Young (Hellas) Certified Auditors Accountants S.A., an independent registered public accounting firm, has audited our annual financial statements acting as our independent auditor for the fiscal years ended December 31, 2023 and 2024.
 
The chart below sets forth the total amount billed and accrued for Ernst & Young services performed in 2024 and 2023 and breaks down these amounts by the category of service.
 

                            2024               2023     
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Audit fees               €   1,105,000       €   800,000
Audit-related fees       €      12,000       €    18,000
Tax fees                 €      18,769       €    32,314
All other fees           €           -                 -
Total fees               €   1,135,769       €   850,314
Audit Fees
 
Audit fees represent compensation for professional services rendered for the audit of the consolidated financial statements of the Company, for the audit of internal control over financial reporting as of December 31, 2024 and 2023 and for the review of the interim financial information. Audit fees also include fees for any services associated with audits of subsidiaries of the Company and with registration statements, reports and documents filed with the SEC.
 
Audit-Related Fees
 
Audit-related fees represent compensation for assurance professional services rendered that are reasonably related to the performance of the audit or review of financial statements and are not included in “Audit Fees.”
 
Tax fees
 
Tax fees include fees billed for tax compliance services, including services such as tax planning and advice for the years ended December 31, 2023 and December 31, 2024.
 

All other fees
 
All other fees in 2023 and 2024 amounted to nil and nil, respectively, and relate to permissible non-audit services. All other fees are approved by the Audit Committee.
 
Pre-approval Policies and Procedures
 
The audit committee charter sets forth our policy regarding retention of the independent auditors, giving the audit committee responsibility for the appointment, compensation, retention and oversight of the work of the independent auditors. The audit committee charter provides that the committee is responsible for reviewing and approving in advance the retention of the independent auditors for the performance of all audit and lawfully permitted non-audit services. The chairman of the audit committee or, in the absence of the chairman