LegalPCF Group
Sprawozdanie Rady Nadzorczej z Oceny Badania Sprawozdania Finansowego za 2020 Rok
26 May 20217 pages~8 min full read
PCF Group S.A. reported a net profit of 29.1 million PLN for the 2020 fiscal year, with 5.6 million PLN allocated for shareholder dividends at 0.19 PLN per share.
The company retained 23.5 million PLN of its 2020 net profit, transferring the funds to its supplementary capital.
On a consolidated basis, the PCF Group capital group achieved a net profit of 24.6 million PLN for the year ending December 31, 2020.
The company held total assets of 91.2 million PLN, while the consolidated capital group reported total assets of 95.7 million PLN.
The capital group generated a net cash flow of 12.2 million PLN during the 2020 fiscal period.
The Supervisory Board confirmed that the financial statements comply with International Financial Reporting Standards and the Polish Accounting Act, providing a fair representation of the company's financial position.
The Supervisory Board of PCF Group S.A. issued this formal evaluation of the company’s financial performance and management activities for the fiscal year ending December 31, 2020. The primary purpose of the report is to validate the accuracy of the annual financial statements and provide recommendations to the General Meeting regarding the approval of these results and the proposed distribution of profits. The scope covers both the individual standing of PCF Group S.A. and the consolidated performance of its capital group, prepared in accordance with International Financial Reporting Standards as adopted by the European Union.
Key financial data for the 2020 fiscal year shows that PCF Group S.A. achieved a net profit of 29.1 million PLN on total assets of 91.2 million PLN. On a consolidated basis, the capital group reported a net profit of 24.6 million PLN and total assets of 95.7 million PLN. The group’s net cash flow for the period was 12.2 million PLN. Based on these results, the Board endorsed the Management Board’s proposal to distribute the 29.1 million PLN profit by allocating 5.6 million PLN for shareholder dividends—amounting to 0.19 PLN per share—while transferring the remaining 23.5 million PLN to the company’s supplementary capital.
The methodology for this assessment involved a comprehensive review of the Management Board’s activity reports, independent auditor findings, and internal accounting records. The Supervisory Board concluded that the financial statements provide a fair and clear representation of the company’s assets and financial position. Furthermore, the Board confirmed that the management reports accurately reflect the group’s development, achievements, and associated risk factors, meeting all legal requirements under the Polish Accounting Act and relevant financial regulations.
