The audit report confirms that the 2021 consolidated financial statements of PCF Group Spółka Akcyjna and its subsidiaries present a true and fair view of the group’s financial position, results, and cash flows as of 31 December 2021. The statements comply with International Financial Reporting Standards, the European Union ESEF format, and Polish statutory requirements. The auditor’s opinion is unqualified, indicating that the financials are free from material misstatement and comply with applicable accounting principles.
Key findings highlight significant audit focus areas. Revenue recognition from client contracts was scrutinised due to the complexity of multi‑element agreements, variable consideration, and performance obligations. The auditor evaluated management’s estimates for bonuses, warranties, and contract modifications, confirming that disclosures in notes 3 and 9 are adequate. Another critical area involved the acquisition of Game On Creative Inc., Incuvo S.A., and Phosphor Games, LLC. The goodwill recognised at PLN 54,604 thousand required detailed valuation and impairment testing, which the auditor verified as appropriate.
The audit was conducted under Polish law for public‑interest entities and EU Regulation 537/2014, with the audit firm maintaining independence in accordance with IESBA ethics. The engagement covered three consecutive fiscal years (2019‑2021) and was repeated for 2022, ensuring continuity. No non‑audit services that would conflict with the audit were performed.
Overall, the report affirms compliance with regulatory and reporting standards, provides assurance on critical accounting judgments, and confirms that the group’s financial statements accurately reflect its economic reality.
