Current report no. 10/2019
Confidential information
May 22, 2019
“Information on the implementation of the forecast”
The Management Board of CI Games S.A. with its registered office in Warsaw (“Company”), with regard to current report no. 27/2018 of November 26, 2018, containing forecast financial flows in the CI Games Capital Group in the period from Q4 2018 to Q3 2019, after having assessed the course of implementation of the said forecast, presents information on its implementation in the Q1 2019:
- Revenues from digital distribution amounted to PLN 2,964 thousand as compared with the forecast amount of PLN 3,310 thousand, which constitutes a decrease as compared with the forecast by PLN 346 thousand;
- Operating costs:
- Costs of sales amounted to PLN 1,231 thousand as compared with the forecast amount of PLN 2,450 thousand which constitutes a decrease as compared with the forecast by PLN 1,219 thousand. Costs of sales incurred in the Q1 of 2019 were lower than the forecast as a result of the transfer of marketing costs (about PLN 1 mln) to subsequent months.
- Costs of administrative activities amounted to PLN 1,093 thousand as compared with the forecast amount of PLN 1,360 thousand which constitutes a decrease as compared with the forecast by PLN 267 thousand;
- Investment activity financed with own funds amounted to PLN 2,181 thousand as compared with the forecast amount of PLN 2,620 thousand which constitutes a decrease as compared with the forecast by PLN 439 thousand;
- Investment activity financed with a loan amounted to PLN 5,684 thousand as compared with the forecast amount of PLN 4,470 thousand which constitutes an increase as compared with the forecast by PLN 1,214 thousand;
- Total available funds, understood as own cash and funds available under bank loans as at March 31, 2019 amounted to PLN 23,199 thousand as compared with the forecast amount of PLN 23,262 thousand and consisted of the following items:
- own cash: PLN 11,452 thousand as compared with the forecast amount of PLN 6,926 thousand which constitutes an increase as compared with the forecast by PLN 4,526 thousand;
- funds available under the bank overdraft: PLN 176 thousand as compared with the forecast amount of PLN 4,150 thousand which constitutes a decrease as compared with the forecast by PLN 3,974 thousand;
- funds available under the revolving credit: PLN 11,571 thousand as compared with the forecast amount of PLN 12,186 thousand which constitutes a decrease as compared with the forecast by PLN 615 thousand;
Detailed information on the implementation of the forecast constitutes an attachment to this current report.
Legal basis: art. 17(1) as read with 7(1) of the Regulation of the European Parliament and of the Council (EU) no. 596/2014 of April 16, 2014, concerning market abuse regulation (MAR).
Marek Tymiński – President of the Management Board
