ReportPCF Group
Report on the Review of the Condensed Interim Financial Statement: 2025
2 pages~3 min full read
Grant Thornton Polska concluded that PCF Group’s interim financial statements for the first half of 2025 comply with IAS 34 standards, with no material misstatements identified.
See it on page 1The review highlighted uncertainty regarding the valuation of a cash-generating unit tied to new game development costs, specifically citing potential volatility in early-access sales projections.
See it on page 2PCF Group carries deferred tax assets totaling PLN 52,659 thousand, which are subject to risks associated with five-year profit forecasts and the execution of the company’s strategic plan.
See it on page 1The review was conducted under the Polish Standard for Review Engagements 2410 and involved analytical procedures and management inquiries, though it does not provide the same level of assurance as a full audit.
See it on page 1The scope of the financial review was limited to the period between 1 January and 30 June 2025 and focused exclusively on PCF Group’s operations within Poland.
See it on page 1The report presents the findings of a review conducted by Grant Thornton Polska on the condensed interim financial statements of PCF Group Spółka Akcyjna for the period from 1 January to 30 June 2025. The review was performed in accordance with the Polish Standard for Review Engagements 2410, equivalent to International Standard on Review Engagements, and focused on the company’s compliance with IAS 34 Interim Financial Reporting as adopted by EU regulations. The scope included examination of the balance sheet, income statement, statement of comprehensive income, changes in equity, cash‑flow statement and selected explanatory notes.
Key conclusions indicate that no material misstatement was identified and the interim statements are presented in all significant respects in accordance with IAS 34. The review involved analytical procedures and inquiries of finance and accounting personnel, but did not provide assurance equivalent to an audit. The report highlights specific disclosures in explanatory notes: a valuation test for the cash‑generating unit related to development costs of a new game, noting uncertainty in projected cash flows due to potential deviations in early‑access sales; and an assessment of deferred tax assets amounting to PLN 52,659 thousand, reflecting uncertainty in five‑year tax profit forecasts and the feasibility of the company’s strategy.
The geographic coverage is limited to PCF Group’s operations in Poland, and the time frame covers the first half of 2025. The review methodology relied on management’s internal controls and financial records, with no sampling or audit evidence beyond the scope of a review engagement.
