Updated Mar 17, 2026 by Grant Thornton
Grant Thornton Frąckowiak issued an unqualified opinion on PCF Group S.A.’s 2020 consolidated financial statements, confirming they comply with IFRS and accurately reflect the group's financial position.
The 2020 fiscal year marks the first consolidated financial reporting period for PCF Group S.A. following its December 2020 admission to the Warsaw Stock Exchange.
The company reported sales revenue of 87.82 million PLN and contract asset valuations of 24.02 million PLN for the fiscal year ending December 31, 2020.
Auditors identified revenue recognition under IFRS 15 as a key audit matter due to the complexity of contracts involving variable elements, bonuses, warrants, and frequent modifications.
Audit procedures for revenue and contract assets included verifying management’s project advancement estimates and reconciling accounting entries against source documentation.
The management activity report was found to be consistent with the financial statements and compliant with all relevant corporate governance and legal disclosure requirements.
Grant Thornton Frąckowiak issued an unqualified opinion on PCF Group S.A.’s 2020 consolidated financial statements, confirming they comply with IFRS and accurately reflect the group's financial position.
The 2020 fiscal year marks the first consolidated financial reporting period for PCF Group S.A. following its December 2020 admission to the Warsaw Stock Exchange.
The company reported sales revenue of 87.82 million PLN and contract asset valuations of 24.02 million PLN for the fiscal year ending December 31, 2020.
Auditors identified revenue recognition under IFRS 15 as a key audit matter due to the complexity of contracts involving variable elements, bonuses, warrants, and frequent modifications.
Audit procedures for revenue and contract assets included verifying management’s project advancement estimates and reconciling accounting entries against source documentation.
The management activity report was found to be consistent with the financial statements and compliant with all relevant corporate governance and legal disclosure requirements.