Annual Financial Report and CSR Report: 2022/2023

Key insights

7 takeaways · ~3 min read

01
On June 16, 2022, Dotemu successfully launched Teenage Mutant Ninja Turtles: Shredder’s Revenge, selling over 1 million copies within one week of its release for PC, Nintendo Switch, PlayStation 4, and Xbox One.See it on page 10
02
On September 5, 2022, FOCUS ENTERTAINMENT acquired 66.67% of WW1 Game Series B.V. (renamed BlackMill Games B.V.) for €5.5 million, making it the sixth development studio to join the Group.See it on page 65
03
The company changed its name from Focus Home Interactive to FOCUS ENTERTAINMENT on April 1, 2022, to better reflect its main business lines and values.See it on page 10
04
Goodwill increased by €3,151 from March 31, 2022, to March 31, 2023, reaching €71,826, though Dotemu's goodwill decreased by €8,886 during the same period.See it on page 47
05
The average workforce increased from 307 on March 31, 2022, to 398 on March 31, 2023, with significant growth in production roles (201 to 269) and administration (52 to 85).See it on page 57
06
Commitments to studios and right holders increased from €120,786 on March 31, 2022, to €152,398 on March 31, 2023, with €68,311 due within one year.See it on page 57
07
On January 5, 2023, Sean Brennan was appointed CEO, supported by Deputy CEOs Christophe Nobileau and John Bert, and Fabrice Larue became Chairman of the Board.See it on page 27

Summary

ANNUAL FINANCIAL REPORT AS OF 31 MARCH 2023 1. INTRODUCTION pages 3 to 7 2. DECLARATION BY THE CHIEF EXECUTIVE OFFICER page 8 3. MANAGEMENT REPORT pages 9 to 24 4. REPORT ON CORPORATE GOVERNANCE pages 25 to 34 5. STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS AS OF 31 MARCH 2023 pages 35 to 37 6.