Legal11 bit studios
Current Report No. 7/2025: Correction of the Annual Report for 2024
1 Apr 20251 pages~1 min full read
11 bit studios S.A. issued a formal correction to its 2024 Annual Report to address specific accounting classifications within its cash flow statement.
The adjustment was mandated by auditor Grant Thornton Polska and focuses on the presentation of asset write-offs and impairments.
The financial reclassifications involve the cancellation of Project 8 and impairment charges recognized for the titles The Thaumaturge and Creatures of Ava.
The company confirms that the correction does not alter the fundamental financial statements, strategic narrative, or overall content of the 2024 Annual Report.
This filing serves as a technical compliance update to ensure accurate reporting regarding the valuation and lifecycle of the studio's intellectual property.
The Management Board of 11 bit studios S.A. issued a formal correction to its 2024 Annual Report following a request from its auditor, Grant Thornton Polska. This adjustment specifically addresses the presentation of financial data within the cash flow statement for the fiscal year ending December 31, 2024. The scope of the correction is limited to the Polish game developer’s internal accounting classifications and does not alter the broader narrative or strategic content of the annual filing.
The primary focus of the amendment involves the accounting treatment of asset write-offs and impairments related to specific titles within the company’s portfolio. These financial adjustments stem from the cessation of production for the internal development known as Project 8, as well as impairment charges recognized for the games The Thaumaturge and Creatures of Ava. While these items impact the cash flow statement's presentation, the company confirms that the overall financial statements and the fundamental content of the 2024 Annual Report remain unchanged.
This regulatory filing serves as a technical update to ensure compliance with auditing standards and accurate financial reporting for the Warsaw-based studio. By filing the corrected report alongside the auditor’s formal opinion, the company maintains transparency regarding the valuation of its intellectual property and the lifecycle of its development projects. The correction highlights the ongoing financial assessment of both canceled projects and underperforming titles as part of the studio's standard year-end reporting procedures.
