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1/2015 Estimate of CI Games Group’s financial results for 2014

By 30 May 2021No Comments

2015-01-09 – Current report – 1/2015

 

Estimate of CI Games Group’s financial results for 2014

 

Current report no.: 1/2015

Date:2015-01-09

Issuer’s trading name: CI GAMES S.A.

Subject:Estimate of CI Games Group’s financial results for 2014

Legal basis:Art. 56 sec. 1 point 2 of the Act on Public Offerings – current and periodic information

 

Report content:

The Management Board of CI Games S.A. announces that, according to the Issuer’s preliminary estimates, CI Games Group generated net consolidated revenue in excess of PLN 100 million in 2014. Estimated net consolidated debt as of December 31, 2014 was PLN -9 million (in words: negative nine million zlotys), denoting a surplus of cash over interest liabilities. The above estimates were prepared by the Company using the following assumptions: The currency used in the estimates is Polish zloty. Revenues generated by CI Games S.A. and the Issuer’s subsidiaries were translated using mid-rates (National Bank of Poland) for the relevant currencies during the period covered by the estimate. Revenue from sales was forecast at the level of anticipated payment, i.e. decreased by all discounts, returns and commission granted and expected. Net debt was calculated using the following formula: Net debt = credit + debt securities + interest-bearing loans – cash and cash equivalents. The estimates were not verified by a statutory auditor. The consolidated annual report for 2014 will be published by the Issuer by March 23, 2015. Publication dates for periodic reports in 2015 will be announced by the Issuer via a separate current report.

 

Date Full name Position Signature
2015-01-09 Adam Pieniacki CEO Adam Pieniacki