LegalPCF Group
Draft Resolutions for the Ordinary General Meeting
4 Jun 20249 pages~15 min full read
PCF Group S.A. reported a consolidated net loss of 75,575 thousand zł for the 2023 fiscal year, with a standalone net loss of 64,652 thousand zł.
The company’s 2023 standalone net loss of 64,651,944.69 zł is being fully covered by utilizing the company’s reserve capital.
Despite the net losses, the company reported an equity increase of 171,253 thousand zł on a standalone basis and 150,251 thousand zł on a consolidated basis.
Cash-flow positions improved during the 2023 fiscal year, showing an increase of 48,397 thousand zł for the unit and 56,033 thousand zł for the consolidated group.
As of the 2023 year-end, the company held total assets of 502,508 thousand zł on a standalone basis and 513,461 thousand zł on a consolidated basis.
During the ordinary general meeting held on 4 June 2024, shareholders granted formal absolution to the chief executive, the board chairman, and all members of the supervisory board for their 2023 performance.
The ordinary general meeting of PCF Group S.A., convened in Warsaw on 4 June 2024, adopts a comprehensive agenda that governs the company’s corporate‑governance and financial reporting for the 2023 fiscal year. The meeting first elects a chairman, foregoes the appointment of a voting commission because an electronic voting system is in place, and formally approves the order of business, which includes presentation of the board’s results, review of the supervisory board’s report, and a series of resolutions on financial statements, loss coverage, remuneration and absolution of officers.
Financial disclosures reveal that the unit‑level balance sheet lists assets of 502 508 thousand zł, while the consolidated group balance sheet shows assets of 513 461 thousand zł. Net loss for the year amounts to 64 652 thousand zł on a standalone basis and 75 575 thousand zł for the consolidated group; total comprehensive loss reaches 64 652 thousand zł and 80 889 thousand zł respectively. Equity increased by 171 253 thousand zł in the unit statements and by 150 251 thousand zł in the consolidated statements, and cash‑flow positions improved by 48 397 thousand zł and 56 033 thousand zł. The loss of 64 651 944,69 zł is fully covered from the company’s reserve capital.
The supervisory board and audit committee reports for 2023 receive approval in line with the Good Practices for Listed Companies on the Warsaw Stock Exchange, and the meeting grants absolution to the chief executive, the board chairman and all members of the supervisory board for their duties during the year. All resolutions take effect immediately upon adoption, reflecting compliance with the Polish Commercial Companies Code and the company’s statutes.
