Legal11 bit studios
Rada Nadzorczej 11 Bit Studios S.A.: Sprawozdanie z Działalności i Oceny Prac w Roku 2022
1 Mar 202312 pages~26 min full read
11 bit studios S.A. achieved a net profit of 22.89 million PLN in 2022, with total assets reaching 244.2 million PLN.
The company allocated its entire 2022 annual profit to reserve capital to fund upcoming publishing initiatives and the development of Project 8.
Charitable and sponsorship spending increased by 667% year-over-year, totaling 4.22 million PLN.
Humanitarian contributions included an 850,000 USD donation to the Ukrainian Red Cross, generated through sales of This War of Mine.
The five-member independent Supervisory Board held ten meetings in 2022 and issued an unqualified positive assessment of the company's financial reporting and management performance.
PwC was appointed as the company's auditor for the 2022–2023 period to oversee internal controls and risk management systems.
The 2022 fiscal year for 11 bit studios S.A. was characterized by robust financial health and a strategic focus on long-term growth through capital reinvestment. The company achieved a net profit of 22.89 million PLN and maintained a strong balance sheet with total assets valued at 244.2 million PLN. To support upcoming publishing initiatives and the ongoing development of Project 8, the entirety of the annual profit was allocated to reserve capital. This financial strategy was overseen by a five-member independent Supervisory Board and an Audit Committee, which ensured the integrity of internal controls and risk management systems while appointing PwC as the auditor for the 2022–2023 period.
Operational success was mirrored by a significant expansion in corporate social responsibility, with charitable and sponsorship expenditures increasing by 667% over the previous year to a total of 4.22 million PLN. Notable humanitarian efforts included the donation of 850,000 USD to the Ukrainian Red Cross, funded by sales of This War of Mine, alongside continued support for animal welfare through specialized downloadable content for Children of Morta. These initiatives underscore a corporate strategy that integrates social impact with commercial performance.
The governance framework remained stable throughout the year, with the Supervisory Board conducting ten meetings to monitor strategic investments in external entities and oversee management activities. The board issued an unqualified positive assessment of the company’s financial reporting and internal operations, concluding that the management team fulfilled its duties effectively. This oversight confirms that the company is well-positioned for its 2023 development cycle, maintaining a balance between fiscal discipline, strategic expansion, and ethical engagement within the global gaming industry.
