Grant Thornton

Investment

16 documents

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Raport z Przeglądu Skróconego Śródrocznego Skonsolidowanego Sprawozdania Finansowego: 2021

The independent auditor’s review of the condensed interim consolidated financial statements for PCF Group Spółka Akcyjna, a prominent Polish video game developer, confirms the financial integrity of the group’s reporting for the first half of 2021. The review encompasses the period from January 1, 2021, to June 30, 2021, covering essential financial components including the consolidated statement of financial position, the statement of profit or loss and other comprehensive income, changes in equity, and cash flow statements. The assessment was conducted by Grant Thornton in accordance with International Standard on Review Engagements 2410. This methodology relies primarily on inquiries with personnel responsible for financial and accounting matters, alongside analytical procedures. While this scope is narrower than a full statutory audit and does not provide an absolute guarantee that all significant issues have been identified, it serves as a critical verification of the company's interim reporting accuracy for shareholders and regulatory bodies. The findings conclude that the financial statements were prepared, in all material respects, in compliance with International Accounting Standard 34 regarding interim financial reporting as adopted by the European Union. No significant discrepancies or material misstatements were identified during the review process. This validation provides a baseline of financial reliability for the Warsaw-based group during a period of active operations in the global gaming market, ensuring that the financial disclosures accurately reflect the group's economic standing as of mid-2021.

investment mergers-acquisitions market-analysis+1

Grant ThorntonSept 2021

Legal

Raport Biegłego Rewidenta: Ocena Sprawozdania o Wynagrodzeniach PCF Group S.A.

This independent auditor’s report, prepared by Grant Thornton Polska, provides a rational assurance assessment of the remuneration report for PCF Group S.A. (People Can Fly). The primary purpose of the engagement was to verify the completeness of the information disclosed regarding the compensation of Management Board and Supervisory Board members, ensuring compliance with Article 90g of the Polish Act on Public Offering. The scope of the assessment covers two distinct financial periods: January 1, 2019, to December 31, 2019, and January 1, 2020, to December 31, 2020. The evaluation focuses strictly on whether the remuneration report includes all elements required by law, such as the breakdown of pay components and alignment with the company’s established remuneration policy. The methodology followed the National Standard for Assurance Engagements 3000 (Z), which involves comparing the report’s content against corporate resolutions, identifying the relevant individuals subject to disclosure, and conducting inquiries with those responsible for preparing the financial data. The auditor concludes that the remuneration report is complete in all material respects and fulfills the statutory requirements of the Act on Public Offering. However, the findings are limited to the presence and detail of the required disclosures; the auditor did not perform a full audit of the accuracy or fairness of the specific financial amounts, valuations, or historical estimates contained within the report. The document was finalized in Poznań on May 26, 2021, intended specifically for the use of the company’s shareholders and Supervisory Board.

salary employment poland

Grant ThorntonMay 2021

Legal

Sprawozdanie z badania rocznego sprawozdania finansowego 2020

This independent auditor’s report, prepared by Grant Thornton Frąckowiak, presents the results of the statutory audit of PCF Group S.A. for the fiscal year ending December 31, 2020. The primary purpose of the document is to provide an expert opinion on whether the company’s financial statements offer a fair and clear view of its financial position and performance in accordance with International Financial Reporting Standards (IFRS) and applicable Polish law. This audit marks the second consecutive year of Grant Thornton’s engagement and the first since the company’s shares were admitted to trading on the Warsaw Stock Exchange in December 2020. The auditors issued an unqualified opinion, concluding that the financial statements are reliable, consistent with the company’s accounting books, and compliant with statutory requirements. The scope of the audit covered the statement of financial position, the statement of profit or loss and other comprehensive income, the statement of changes in equity, and the statement of cash flows. The methodology followed National Auditing Standards (KSB) and EU Regulation 537/2014, utilizing professional judgment and skepticism to identify risks of material misstatement. A key audit matter identified during the process was the valuation of assets from contracts with customers and the recognition of sales revenue. For the 2020 period, PCF Group reported sales revenue of 76.2 million PLN and contract assets valued at 21.6 million PLN. The auditors highlighted the complexity of these contracts, which involve frequent modifications, variable compensation elements such as bonuses and warrants, and professional estimates regarding the degree of work completion. Audit procedures included analyzing internal control environments, verifying management assumptions against source documentation, and checking the accuracy of budget cost qualifications. The report also confirms that the management's activity report is consistent with the financial statements and meets all legal requirements regarding corporate governance disclosures. The auditors declared their independence from the company, noting that no prohibited non-audit services were provided during the period.

investment quality-assurance europe+1

Grant ThorntonApr 2021

Legal

Independent Auditor's Report on the Annual Consolidated Financial Statement: PCF Group S.A.

This independent auditor's report, prepared by Grant Thornton Frąckowiak, presents the results of a statutory audit of the consolidated financial statements for PCF Group S.A. and its capital group for the fiscal year ending December 31, 2020. The audit concludes with an unqualified opinion, stating that the financial statements provide a fair and clear view of the group’s financial position, performance, and cash flows in accordance with International Financial Reporting Standards (IFRS) and European Commission regulations. The scope of the audit covers the consolidated statement of financial position, the statement of profit or loss and other comprehensive income, changes in equity, and cash flows. Geographically, the report focuses on the Polish-based parent company and its subsidiaries. This 2020 report is significant as it represents the first consolidated financial statement issued following the company's admission to the Warsaw Stock Exchange in December 2020. A primary focus of the audit involved the valuation of assets from contracts with customers and sales revenue, which totaled 24.02 million PLN and 87.82 million PLN, respectively. The auditors identified revenue recognition under IFRS 15 as a key audit matter due to the complexity of the group's contracts, which often include variable elements, bonuses, warrants, and frequent modifications. The methodology employed included evaluating internal control environments, verifying management estimates regarding project advancement, and reconciling accounting entries with source documentation. The report also confirms that the management's activity report is consistent with the financial statements and meets legal requirements, including corporate governance disclosures. The audit was conducted in compliance with the Act on Statutory Auditors and EU Regulation No. 537/2014, with the auditors affirming their independence and the absence of prohibited non-audit services.

investment mergers-acquisitions poland

Grant ThorntonApr 2021