Key insights
7 slides
Key number
Net profit reached 890,745.75 PLN in 2014.
Operating profit was 1,248,589.34 PLN. The company reported a substantial increase from the previous year.
Balance sheet
Total assets increased from 589,514.42 PLN to 1,745,563.16 PLN.
Intangible assets grew from 466,671.58 PLN to 1,444,226.03 PLN. Tangible assets rose from 63,180.84 PLN to 103,579.73 PLN.
What changed
The company released This War of Mine and launched Spacecom.
This War of Mine was a milestone game developed in-house. Spacecom launched through the 11 bit launchpad publishing division.
Market risks
The company faces competition and dynamic market trends.
Risks include strong competition from other publishers and increasing competition in the game market. The company also faces the challenge of keeping up with Virtual Reality trends.
Incentive program
A motivational program allows acquisition of up to 100,000 warrants.
The program runs for 2014-2016. Participants can acquire warrants convertible into up to 100,000 Series F shares by June 30, 2020.
Currency exposure
A weaker Polish Zloty positively impacts the company's income.
The company generates most of its revenue in foreign currencies, primarily USD.
Project write-offs
The company wrote off 152,157.52 PLN for two abandoned projects.
The company also recorded 71,167.98 PLN in impairment allowances for receivables in 2014.
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Summary
I. PISMO ZARZĄDU ........................................................................................................3 II. WYBRANE JEDNOSTKOWE DANE FINANSOWE ZAWIERAJĄCE PODSTAWOWE POZYCJE ROCZNEGO SPRAWOZDANIA FINANSOWEGO WRAZ Z DANYMI PORÓWNYWALNYMI...........4 III. SPRAWOZDANIE FINANSOWE 11 BIT STUDIOS S.A. ZA ROK 2014 ...................................5 IV. SPRAWOZDANIE ZARZĄDU Z DZIAŁALNOŚCI SPÓŁKI W ROKU 2014. ............................. 40 V.
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