Key insights
7 slides
Key number
Net profit from continuing operations increased to 29,096 thousand PLN.
PCF Group's net profit from continuing operations increased from 2,385 thousand PLN in 2019 to 29,096 thousand PLN in 2020.
Key number
Basic and diluted EPS rose to 1.06 PLN in 2020.
Basic and diluted earnings per share rose from 0.09 PLN in 2019 to 1.06 PLN in 2020.
What changed
Assets from contracts grew to 21,577 thousand PLN at year-end 2020.
Assets from contracts grew from 5,787 thousand PLN at the end of 2019 to 21,577 thousand PLN at the end of 2020.
Government support
PCF Group recognized 1,750 thousand PLN from anti-COVID-19 shields.
The company received financial support from government anti-COVID-19 shields in Poland, recognizing a 50% remission of the subsidy, amounting to 1,750 thousand PLN, in its 2020 results.
Amortization
Amortization expenses for intangible assets totaled 2,130 thousand PLN in 2020.
The company amortizes development work for produced games over a 5-year period. Amortization expenses for intangible assets totaled 2,130 thousand PLN in 2020, up from 1,730 thousand PLN in 2019.
Tax position
PCF Group did not recognize a deferred tax asset of approximately 1,450 thousand PLN.
The company did not recognize a deferred tax asset of approximately 1,450 thousand PLN related to activities outside the IP Box tax relief, due to a cautious valuation approach and no anticipated taxable income from these activities.
Page 46 of the report1,450 thousand PLN
Deferred tax asset not recognized in 2020
- 2019
- 580 thousand PLN
Contract terms
Square Enix agreement includes subscription warrants tied to revenue thresholds.
PCF Group has an agreement with Square Enix Limited to offer subscription warrants, with tranches issued when revenue from Square Enix Limited contracts reaches 45,000 thousand PLN, occurring between January 1, 2020, and September 30, 2024.
Page 33 of the report- 01AgreementPCF Group has an agreement with Square Enix Limited to offer subscription warrants.
- 02TriggerTranches are issued when revenue from Square Enix Limited contracts reaches 45,000 thousand PLN.
- 03PeriodThis occurs between January 1, 2020, and September 30, 2024.
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Summary
ZAKONCZONY 31 GRUDNIA 2020 ROKU JEDNOSTKOWE SPRAWOZDANIE Z SYTUACJI FINANSOWEJ ................................................................. 3 JEDNOSTKOWE SPRAWOZDANIE Z WYNIKU ............................................................................................. 5 JEDNOSTKOWE SPRAWOZDANIE Z WYNIKU I POZOSTAŁYCH CAŁKOWITYCH DOCHODÓW ............. JEDNOSTKOWE ZESTAWIENIE ZMIAN W KAPITALE WŁASNYM ..............................................................
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