Report11 bit studios
Current Report No. 24/2024: Analysis of the Situation on One of the Game Projects
1 pages~1 min full read
11 bit studios S.A. is conducting a comprehensive assessment of an internal game project that may result in a significant write-off of unfinished work.
The project in question carries a book value of PLN 48,432,077.90 as of September 30, 2024.
The final amount of the potential write-off remains undetermined and is subject to a detailed review of all associated project assets.
This disclosure was issued under Article 17.1 of the MAR regulation, confirming the information is considered material for market participants.
The assessment is limited to a single internal project and does not involve any broader geographic or sectoral changes to the studio's operations.
The decision-making process is being overseen directly by the Management Board, led by President Przemysław Marszał and board member Grzegorz Miechowski.
The report announces that the Management Board of 11 bit studios S.A. has initiated a comprehensive assessment of one of its game development projects, which may ultimately require the write‑off of unfinished work. The project’s current book value stands at PLN 48,432,077.90 as of 30 September 2024. The Board cautions that the final write‑off amount will be determined only after a detailed review of all assets associated with the project, and that any decision will be communicated promptly. The notice is issued under Article 17.1 of the MAR – Inside information regulation, indicating that the information is material and must be disclosed to market participants. The scope of the analysis covers a single internal project within the company’s portfolio, with no geographic or sectoral expansion beyond the studio’s existing operations. No specific methodology is disclosed beyond a “detailed analysis” of project assets, and no survey or external data sources are referenced. The communication is signed by Przemysław Marszał, President of the Management Board, and Grzegorz Miechowski, a board member, underscoring executive responsibility for the forthcoming decision.
