Półroczne sprawozdanie zarządu z działalności Grupy Kapitałowej: H1 2021

1. 01
   PCF Group S.A. acquired 100% of Game On Creative Inc. for PLN 29,369,385.59 on April 27, 2021, and indirectly acquired the Phosphor Games, LLC development team (now People Can Fly Chicago, LLC) on April 23, 2021, which began operations on May 1, 2021.See it on page 22
2. 02
   The company increased its share capital by PLN 7,754.28 to PLN 599,004.52 through the issuance of 387,714 Series D ordinary bearer shares at an issue price of PLN 75.75 per share, with the subscription agreement signed on May 31, 2021.See it on page 22
3. 03
   PCF Group S.A. began developing a new self-published game using new intellectual property in May 2021, following the strengthening of its development team and acquisition of production and publishing competencies in April 2021.See it on page 12
4. 04
   The game 'Outriders', released on April 1, 2021, did not generate royalty payments for PCF Group S.A. from Square Enix Limited for the period of April 1 to June 30, 2021, indicating that net sales did not cover the publisher's costs, and the game did not achieve a Metacritic score high enough for increased royalty percentages.See it on page 10
5. 05
   Tangible fixed assets increased by PLN 5.8 million to PLN 9.1 million by June 30, 2021, and right-of-use assets increased by PLN 13.9 million to PLN 25.5 million, primarily due to the acquisition of Game On Creative Inc. and the recognition of a new office lease in Montreal.See it on page 40
6. 06
   The Group's financial activities resulted in a loss of PLN 0.7 million from exchange rate differences in H1 2021, compared to a profit of PLN 1.0 million in H1 2020.See it on page 32
7. 07
   PCF Group S.A. maintains a stable and strong financial position, primarily funding operations through equity and possessing significant cash reserves, with sufficient financial resources for strategic investment plans.See it on page 52

Annual Report of 11 bit studios S.A.: 2023

11 bit studios