PlayWay S.A. reported consolidated write-downs totaling over 13.94 million PLN for the 2023 fiscal year, directly reducing the Group’s reported financial results and total equity.
See it on page 2Individual financial statements for 2023 include a 627,458 PLN write-down specifically targeting Manydev Studio SE due to negative equity resulting from a Polish Financial Supervision Authority penalty.
See it on page 1Consolidated write-downs were applied to six associated entities, including publicly traded firms CreativeForge Games S.A., PolySlash S.A., Pyramid Games S.A., Iron Wolf Studio S.A., and Play2Chill S.A.
See it on page 2The write-downs for the five publicly traded entities were calculated based on their market valuations as of December 31, 2023, to reflect fair value losses.
See it on page 2The write-down for the non-listed entity Titan Gamez sp. z o.o. was adjusted to align with the net assets attributable to the parent company.
See it on page 2The individual write-down for Manydev Studio SE reduces PlayWay’s individual net profit and equity but does not impact the consolidated results of the Capital Group.
See it on page 2PlayWay S.A. has announced significant non-cash write-downs for the 2023 fiscal year following internal financial analyses and an ongoing audit of its individual and consolidated financial statements. These adjustments are primarily driven by the declining market valuation and financial instability of several associated entities within the PlayWay Capital Group. The total value of these write-downs amounts to approximately 627,458 PLN in the individual financial statements and over 13.94 million PLN in the consolidated financial statements.
The individual write-down specifically targets Manydev Studio SE, an associated entity currently facing negative equity due to a financial penalty imposed by the Polish Financial Supervision Authority. While this adjustment reduces PlayWay’s individual net profit and equity for 2023, it does not impact the consolidated results of the broader Capital Group.
In contrast, the consolidated financial statements reflect write-downs across six associated entities. For publicly traded companies, including CreativeForge Games S.A., PolySlash S.A., Pyramid Games S.A., Iron Wolf Studio S.A., and Play2Chill S.A., the write-downs were calculated based on their market quotations as of December 31, 2023, to reflect fair value losses. For the non-listed entity Titan Gamez sp. z o.o., the write-down was adjusted to match the net assets attributable to the parent company. These consolidated adjustments will result in a direct reduction of the Group’s reported financial results and total equity for the 2023 period.
