LegalPCF Group
PCF Group Supervisory Board Report for Financial Year 2022
31 May 20236 pages~10 min full read
PCF Group S.A. reported a standalone net profit of 42.34 million PLN and a consolidated net profit of 21.98 million PLN for the 2022 fiscal year.
See it on page 4Despite achieving profitability, the company experienced significant negative net cash flows of 41.34 million PLN on a standalone basis and 69.12 million PLN on a consolidated basis.
See it on page 4The Supervisory Board has recommended that the entirety of the 2022 net profit be allocated to the company’s supplementary capital rather than distributed as dividends.
See it on page 3As of December 31, 2022, the company held total assets valued at 324.53 million PLN standalone and 350.80 million PLN on a consolidated basis.
See it on page 4The Supervisory Board formally verified that the financial statements and management reports for 2022 comply with the Polish Commercial Companies Code and International Financial Reporting Standards.
See it on page 5The Board expressed satisfaction with the Management Board's performance, specifically regarding their handling of corporate resolutions, investment progress, and operational status throughout 2022.
See it on page 3The Supervisory Board of PCF Group S.A. issued this formal report to evaluate the company’s financial standing and management performance for the 2022 fiscal year. The primary purpose of the document is to provide a statutory assessment of the individual and consolidated financial statements, the Management Board's report on activities, and the proposed distribution of profits, ensuring compliance with the Polish Commercial Companies Code and International Financial Reporting Standards.
Key financial data for the period ending December 31, 2022, shows that PCF Group S.A. achieved a standalone net profit of 42.34 million PLN, with total assets valued at 324.53 million PLN. On a consolidated basis, the Capital Group reported a net profit of 21.98 million PLN and total assets of 350.80 million PLN. Despite these profits, both the standalone and consolidated entities experienced negative net cash flows of 41.34 million PLN and 69.12 million PLN, respectively. The Supervisory Board formally recommended that the entire 2022 net profit be allocated to the company’s supplementary capital.
The scope of the report covers the global operations of the Warsaw-based game development group during the 2022 calendar year. The methodology involved a detailed review of internal accounting books, management reports, and the independent auditor's findings. The Board concluded that the financial documentation provides a fair and clear view of the Group’s development, achievements, and risk factors. Furthermore, the Board expressed satisfaction with the Management Board's fulfillment of information obligations regarding corporate resolutions, investment progress, and operational status. The report was signed by all five members of the Supervisory Board on May 31, 2023.
