Raport z przeglądu skróconego śródrocznego sprawozdania finansowego: H1 2024
The review confirms that PCF Group’s condensed half‑year financial statements for the period ending 30 June 2024 were prepared in accordance with International Financial Reporting Standard 34 and the European Commission’s regulatory framework. The audit opinion is limited to a review, not an examination, and therefore does not provide assurance that all material matters would have been identified. No findings were noted that would lead the reviewers to believe the statements are not prepared in accordance with applicable standards.
Key disclosures highlight significant uncertainties surrounding the company’s ability to continue as a going concern. Management has outlined actions to secure additional financing aimed at sustaining its strategy of developing and publishing proprietary games. While management remains optimistic, the review notes that success is not guaranteed.
The company reported intangible assets related to in‑process development work amounting to PLN 239,487 thousand as of 30 June 2024. These assets meet the criteria for capitalization under IAS 38, provided that sufficient financial resources are available to complete development. Management has produced a five‑year cash‑flow forecast that incorporates assumptions about future game development, potential new projects, and the likelihood of securing further funding. The review cautions that this forecast depends on uncertain future events.
The scope of the review covered all financial statements, including balance sheet, income statement, comprehensive income, equity changes, and cash‑flow statement for the first half of 2024. The methodology followed the Polish Standard 2410, equivalent to International Standard on Review Engagements 2410, involving analytical procedures and inquiries of finance and accounting personnel. The review was conducted by Grant Thornton Polska Prosta Spółka Akcyjna, with the key auditor Jan Letkiewicz leading the engagement.
