Updated Mar 17, 2026 by PlayWay
PlayWay S.A. reported significant asset impairment write-offs for Q1 2023, totaling 1.56 million PLN in standalone statements and 12.10 million PLN in consolidated financial statements.
The largest consolidated write-offs were driven by declining market valuations for publicly traded associates, specifically 8.94 million PLN for Live Motion Games S.A. and 1.75 million PLN for Play2Chill S.A.
The company recognized a 378,772 PLN impairment regarding RL9 Sport Games S.A. after losing corporate control and determining that invested capital and loans are no longer recoverable.
Additional impairments for entities including Nesalis Games, Ignibit, and Farmind Studio were triggered by share sales and planned divestments scheduled for Q2 2023.
While consolidated write-offs are primarily non-cash accounting adjustments, they will directly reduce the net financial results and equity of the Capital Group for Q1 2023.
The net impact of these impairments on the bottom line will be mitigated by approximately 19% through the recognition of deferred tax assets.
PlayWay S.A. reported significant asset impairment write-offs for Q1 2023, totaling 1.56 million PLN in standalone statements and 12.10 million PLN in consolidated financial statements.
The largest consolidated write-offs were driven by declining market valuations for publicly traded associates, specifically 8.94 million PLN for Live Motion Games S.A. and 1.75 million PLN for Play2Chill S.A.
The company recognized a 378,772 PLN impairment regarding RL9 Sport Games S.A. after losing corporate control and determining that invested capital and loans are no longer recoverable.
Additional impairments for entities including Nesalis Games, Ignibit, and Farmind Studio were triggered by share sales and planned divestments scheduled for Q2 2023.
While consolidated write-offs are primarily non-cash accounting adjustments, they will directly reduce the net financial results and equity of the Capital Group for Q1 2023.
The net impact of these impairments on the bottom line will be mitigated by approximately 19% through the recognition of deferred tax assets.