ReportPCF Group
Review Report of the Interim Condensed Financial Statement: H1 2022
2 pages~3 min full read
Key insights
6 slides
The conclusion
PCF Group's H1 2022 interim financial statements comply with IFRS 34.
Grant Thornton Frąckowiak confirmed compliance with International Financial Reporting Standard 34 and European Commission regulations. The review identified no findings that would lead to a statement that the interim financials were not prepared in accordance with IFRS 34.
What was reviewed
The review covers PCF Group's Warsaw-based operations for H1 2022.
The financial documentation reviewed covers the period from 1 January 2022 to 30 June 2022. The review was restricted specifically to the Warsaw-based operations of the Polish entity PCF Group S.A.
Method and limits
The review used Polish National Standard 2410, not a full audit.
The audit firm performed a review engagement under Polish National Standard 2410, equivalent to International Review Standard 240. The scope is narrower than a full audit, so no audit opinion is issued.
No audit opinion. The scope is narrower than a full audit, so the review does not provide assurance that all material matters would be identified; consequently no audit opinion is issued.
Page 1 of the report- 01InquiriesInquiries of financial and accounting personnel
- 02Analytical proceduresAnalytical procedures on the financial statements
What it means
The review confirms compliance but does not replace a full audit.
The review confirms that the condensed interim financial statements comply with IFRS 34 and European Commission regulations. The scope is narrower than a full audit, so the review does not provide assurance that all material matters would be identified.
Compliance confirmed. The review confirms that PCF Group Spółka Akcyjna’s condensed interim financial statements for the period ending 30 June 2022 comply with International Financial Reporting Standard 34 and European Commission regulations.
Who and when
Grant Thornton Frąckowiak delivered the review conclusion on 29 September 2022.
The engagement was conducted by Grant Thornton Frąckowiak Spółka z ograniczoną odpowiedzialnością sp. k., a member of Grant Thornton International Ltd. Key auditor Jan Letkiewicz delivered the conclusion on 29 September 2022.
What is included
The interim statements include five core financial statements and notes.
The statements include a balance sheet, income statement, statement of comprehensive income, changes in equity, cash-flow statement for 1 January–30 June 2022, and selected explanatory notes. The financial documentation reviewed covers the period from 1 January 2022 to 30 June 2022.
Page 1 of the report- 01Balance sheetPosition as at 30 June 2022
- 02Income statementPerformance for 1 January–30 June 2022
- 03Cash-flow statementCash flows for 1 January–30 June 2022
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Summary
The review confirms that PCF Group Spółka Akcyjna’s condensed interim financial statements for the period ending 30 June 2022 comply with International Financial Reporting Standard 34 and European Commission regulations. The statements include a balance sheet, income statement, statement of comprehensive income, changes in equity, cash‑flow statement for 1 January–30 June 2022, and selected explanatory notes. The audit firm performed a review engagement under Polish National Standard 2410, equivalent to International Review Standard 240, focusing on inquiries of financial and accounting personnel and analytical procedures. The scope is narrower than a full audit, so the review does not provide assurance that all material matters would be identified; consequently no audit opinion is issued. The engagement was conducted by Grant Thornton Frąckowiak Spółka z ograniczoną odpowiedzialnością sp. k., a member of Grant Thornton International Ltd, with the key auditor Jan Letkiewicz delivering the conclusion on 29 September 2022. The report indicates no findings that would lead to a statement that the interim financials were not prepared in accordance with IFRS 34. The review covers only the Polish entity PCF Group, focusing on its Warsaw‑based operations for the first half of 2022.
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