APPROVAL OF THE CONSOLIDATED FINANCIAL STATEMENTS

Error message

  • Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /home/gp-prod/releases/55/modules/block/block.module).
  • Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /home/gp-prod/releases/55/modules/block/block.module).
  • Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /home/gp-prod/releases/55/modules/block/block.module).
  • Warning: Cannot use a scalar value as an array in block_page_build() (line 271 of /home/gp-prod/releases/55/modules/block/block.module).
  • Warning: Cannot use a scalar value as an array in metatag_page_build() (line 1801 of /home/gp-prod/releases/55/sites/polsat2016ar/modules/contrib/metatag/metatag.module).
  • Warning: Cannot use a scalar value as an array in metatag_page_build() (line 1804 of /home/gp-prod/releases/55/sites/polsat2016ar/modules/contrib/metatag/metatag.module).
  • Warning: Cannot use a scalar value as an array in metatag_page_build() (line 1836 of /home/gp-prod/releases/55/sites/polsat2016ar/modules/contrib/metatag/metatag.module).
  • Warning: Cannot use a scalar value as an array in metatag_page_build() (line 1861 of /home/gp-prod/releases/55/sites/polsat2016ar/modules/contrib/metatag/metatag.module).
  • Warning: Cannot use a scalar value as an array in ctools_page_alter() (line 702 of /home/gp-prod/releases/55/sites/polsat2016ar/modules/contrib/ctools/ctools.module).
  • Warning: Invalid argument supplied for foreach() in element_children() (line 6658 of /home/gp-prod/releases/55/includes/common.inc).
  • Warning: Cannot use a scalar value as an array in drupal_render() (line 6115 of /home/gp-prod/releases/55/includes/common.inc).
  • Warning: Cannot use a scalar value as an array in drupal_render() (line 6170 of /home/gp-prod/releases/55/includes/common.inc).

On 15 March 2017, the Management Board of Cyfrowy Polsat S.A. approved the consolidated financial statements of Cyfrowy Polsat S.A. Group prepared in accordance with International Financial Reporting Standards as adopted by the European Union, which include:

Consolidated Income Statement for the period

from 1 January 2016 to 31 December 2016 showing a net profit for the period of: PLN 1,021.0 million

Consolidated Statement of Comprehensive Income for the period 

from 1 January 2016 to 31 December 2016 showing a total comprehensive income for the period of: PLN 1,029.2 million

Consolidated Balance Sheet as at

31 December 2016 showing total assets and total equity and liabilities of: PLN 27,729.3 million

Consolidated Cash Flow Statement for the period

 from 1 January 2016 to 31 December 2016 showing a net decrease in cash and cash equivalents amounting to:
 PLN (189.5) million

Consolidated Statement of Changes in Equity for the period

from 1 January 2016 to 31 December 2016 showing an increase in equity of: PLN 1,127.5 million

Notes to the Consolidated the Consolidated Financial Statements

The consolidated financial statements have been prepared in million of Polish zloty (‘PLN’) except where otherwise indicated.

  • Tobias Solorz, President of the Management Board

  • Dariusz Działkowski, Member of the Management Board

  • Tomasz Gillner-Gorywoda, Member of the Management Board

  • Aneta Jaskólska, Member of the Management Board

  • Agnieszka Odorowicz, Member of the Management Board

  • Katarzyna Ostap-Tomann, Member of the Management Board

  • Maciej Stec, Member of the Management Board

Warsaw, 15 March 2017