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UHY ECA Audyt Sp. o.o. – member of UHY International, a network of independent accounting and consulting firms
UHY ECA Audyt Sp. z o.o.
ul. Połczyńska 31A
01-377 Warszawa
E biuro@uhy-pl.com
uhy
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INDEPENDENT AUDITOR’S REPORT ON THE AUDIT
For the General Meeng and Supervisory Board of DataWalk S.A.
Report on the audit of the annual consolidated financial statements
Opinion
We have audited the annual consolidated financial statements of DataWalk Capital Group (the ‘Group’),
in which the parent company is DataWalk S.A. (the ‘Parent Company’), which comprise the
consolidated statement of financial posion as at 31 December 2024 and the consolidated income
statement, together with the statement of comprehensive income, consolidated statement of changes
in equity, consolidated statement of cash flows for the financial year from 1 January to 31 December
2024 and selected notes, explanatory notes and other explanatory notes to the consolidated financial
statements (the ‘consolidated financial statements’).
In our opinion, the accompanying consolidated financial statements:
give a true and fair view of the consolidated property and financial posion of the Group as at
31 December 2024 and of its consolidated financial performance and its consolidated cash
flows for the year then ended in accordance with required applicable rules of Internaonal
Financial Reporng Standards approved by the European Union (IFRSs) and with the
accounng principles (policy) adopted;
comply in respect of the form and content with laws applicable to the Group and the Parent
Company’s Statute.
This opinion is consistent with the addional report to the Audit Commiee issued on 3.04.2025
Basis for opinion
We conducted our audit in accordance with the Naonal Auding Standards in the wording of the
Internaonal Auding Standards adopted by Resoluon No. 3430/52a/2019 of the Naonal Council of
Statutory Auditors of 21 March 2019 on naonal auding standards and other documents, as
amended, and the Resoluon of the Board of the Polish Agency for Audit Oversight No. 38/I/2022 of
15 November 2022 on naonal quality control standards and Naonal Auding Standard 220
(Amended) (‘NAS’), as well as pursuant to the Act of 11 May 2017 on Statutory Auditors, Audit Firms
and Public Oversight (i.e. Journal of Laws of 2024, item 1035, as amended – the ‘Act on Statutory
Auditors’) and the Regulaon (EU) No. 537/2014 of 16 April 2014 on specific requirements regarding
statutory audit of public interest enes (Official Journal of the European Union UE L158 of 27 May
2014, p. 77, as amended – the ‘EU Regulaon’). Our responsibilies under those standards are further
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UHY ECA Audyt Sp. o.o. – member of UHY International, a network of independent accounting and consulting firms
UHY ECA Audyt Sp. z o.o.
ul. Połczyńska 31A
01-377 Warszawa
E biuro@uhy-pl.com
uhy
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described in the Auditor's responsibilies for the audit of the consolidated financial statements’ secon
of our report.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our opinion.
Independence and ethics
We are independent of the Group companies in accordance with the Internaonal Code of Ethics for
Professional Accountants (including Internaonal Independence Standards) of the Internaonal Ethics
Standards Board for Accountants adopted by resoluon of the Naonal Council of Statutory Auditors
No. 3431/52a/2019 of 25 March 2019 on the principles of professional ethics of statutory auditors,
as amended (the ‘IESBA Code’) and with other ethical requirements that are relevant to our audit of
financial statements in Poland. We have fulfilled our other ethical responsibilies in accordance with
those requirements and the IESBA Code. While conducng the audit, the key cerfied auditor and the
audit firm remained independent of the Group companies in accordance with the independence
requirements set out in the Act on Statutory Auditors and in the EU Regulaon.
Significant uncertainty related to going concern
We hereby draw your aenon to informaon included in the consolidated financial statement
regarding explanatory notes “Basis for the preparaon of the financial statements – including a
descripon of circumstances indicang a threat to the going concern”.
The Management Board idenfied relevant events and circumstances that may cast serious doubts in
terms of the Group’s ability to connue its acvies, including declining sales revenues, negave cash
flow on operaons, and unfavourable profitability raos. The Management Board took acons aimed
at improving the results and liquidity through the issuance of 500,000 series R shares within the
framework of authorized capital, under which the Parent Company raised TPLN 27,500 from investors.
introducing a cost reducon scheme, opmizing workforce numbers and structures, and the number
of Group affiliates, increasing deployment team effecveness, and adapng the commercial porolio
to customer needs. The General Meeng of Shareholders granted the Management Board the
authorisaon to increase the Parent Company's share capital by issuing up to 750,000 ordinary bearer
shares. The above authorisaon was granted unl 30.06.2027. As at the date of issuing the audit report,
the Management Board has not decided when it will exercise the granted authorisaon or to what
extent.
The Management Board reported that connuing development work associated with the planned
release of further, more technologically advanced Group product versions at the current stage of Group
development depends on third-party funding. The Management Board accepts that without addional
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UHY ECA Audyt Sp. z o.o.
ul. Połczyńska 31A
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funding, the Group may have limited resources for further investments, which may lead to delays in
product development and connued expansion of the commercial porolio.
We believe that the possibility of implemenng the adopted assumpons is uncertain; although, it
cannot be ruled out that due to unforeseen costs or unforeseen reducon in the rate of acquiring
customers and revenues, increasing the demand for funding in each case, the Griup’s financial standing
will significantly deviate from the assumpons, which may adversely impact the Group’s operaons,
growth prospects, financial standing or results.
Furthermore, we draw aenon to the fact that as at 31 December 2024, the Group's equity shows a
negave value - TPLN -5,558. The Management Board stated in the Group and Company Acvity
Report under ‘Non-recurring events with impact on financial performance’ that the situaon is due to
the recognion of an expense in the reporng period as well as a liability for the RSU-based incenve
scheme under IFRS 2. However, due to both the materiality of this item in the Group's equity (in profit
or loss), the total balance sheet, as well as the future and conngent nature of the liability resulng
from the implementaon of the implemented incenve programme, the Management Board points
out that the recognised costs are currently of a non-cash nature and have no impact on the current
financial posion of the Group or the Parent Company.
Our opinion does not include any modificaon in this regard.
Key Audit Maers
Key audit maers are those maers that, in our professional judgment, were of most significance in
our audit of the consolidated financial statements of the current period. They include the most
significant assessed risks of material misstatement, including the assessed risks of material
misstatement due to fraud. These maers were addressed in the context of our audit of the
consolidated financial statements as a whole, and in forming our opinion thereon and have
summarised our reacon to these risks and in cases where we deemed it necessary, we presented the
most important observaons related to these types of risks. We do not provide a separate opinion on
these maers.
Key Audit Matter How our audit responded to this matter
R&D WORK
The Group conducts work in the field of IT
development related to the business asset
construed as the DataWalk plaorm.
Our procedures on the identified key audit
matter included, but were not limited to, the
following:
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In its consolidated financial statement, the Group
recognizes costs of completed development work
at PLN 16.934 thous. and costs of development
work in progress at PLN 2.099 thous., which
accounts in total for 32,5% of the balance sheet
total as at 31 December 2024.
The issue was deemed as key audit maer due to
the scale of conducted work, their impact on the
Group’s operaons and the significance of the
amounts, as well as the fact that the manner of
their recognion in the consolidated financial
statement requires a significant judgement of the
management.
Reference to disclosures in the consolidated
financial statements
Details on the capitalizaon of expenditure on
development work and expenditure incurred in
relaon to development work in progress
(including informaon on the results of the
conducted impairment test) described in notes
2.1, 2.2, 2.3 and 2.4 of the consolidated financial
statement, and related to the accounng policy,
have been described in the explanatory note to
the consolidated financial statement.
understanding and assessing the process of
identifying, acceptingand classifying
development work expenditure as intangible
assets,
verifying compliance of the Group’s
accounting policy with IAS 38,
detailed reliability study associated with the
correct allocation of development work
expenditure,
assessing the developed impairment tests in
terms of mathematical correctness, rationale
behind the key parameters adopted by the
Group, compliance of financial projections
with the approved financial plan, and the
sensitivity of the test to a change in the
assumed level of cash flows and discount rate,
discussing key assumptions in the impairment
test with the Parent’s Management Board and
other authorized persons,
analysing the disclosures in the consolidated
financial statement and related to completed
development work and expenditure on
development work in progress.
SALES REVENUES
The procedures we implemented at the stage of
unit study and data analysis made us assign the
risk associated with sales revenue idenficaon
and recognion.
The risk of incorrect revenue recognion may
result, in parcular, from fraud involving the
recognion of product and service sales revenue
in the wrong period.
The issue was deemed a key audit maer due to
the significance of the amounts, and the fact
Our procedures on the identified key audit
matter included, but were not limited to, the
following:
reviewing the accounting policy related to
revenue recognition and assessing the
compliance of these principles with IFRS 15,
understanding the sales process, as well as
the correctness of designing and
implementing an internal control system in
this field,
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UHY ECA Audyt Sp. o.o. – member of UHY International, a network of independent accounting and consulting firms
UHY ECA Audyt Sp. z o.o.
ul. Połczyńska 31A
01-377 Warszawa
E biuro@uhy-pl.com
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that the manner of revenue idenficaon and
recognion in the consolidated financial
statement requires significant esmates and
company management judgement.
Reference to disclosures in the consolidated
financial statements
The disclosures related to detailed informaon
on revenue items are presented in notes 23.1,
23.2, 23.3 and 23.4 of the consolidated financial
statement, and were described in the
explanatory notes to the consolidated financial
statement if related to the accounng policy.
analytical procedures involving, in particular,
monthly data and trend analyses,
studies in relation to sales recognized during
a year based on a selected sample,
verifying a sample of transactions from
December 2024/January 2025 and an
independent assessment of revenue
recognition correctness in the transaction
source documents,
confirming the receivable balance on a
selected sample of counterparties as at the
balance sheet date,
analysing unusual transactions and revenue
adjustments after the balance sheet date.,
analysis of the disclosures in the separate
financial statements regarding revenue in
accordance with IFRS 15.
Responsibilies of the Parent Company’s Management and members of the Supervisory Board for the
consolidated financial statements
The Parent Company’s Management is responsible for the preparaon of the consolidated financial
statements that give a true and fair view of the property and financial posion of the Group and of its
financial performance in accordance with the required applicable rules of Internaonal Financial
Reporng Standards approved by the European Union, the adopted accounng principles (policy) and
with the Group’s applicable legal regulaons and Statute and is also responsible for such internal
control as the Parent Company’s Management determines is necessary to enable the preparaon of
the consolidated financial statements that are free from material misstatement, whether due to fraud
or error.
In preparing the consolidated financial statements, the Parent Company's Management is responsible
for assessing the Group's ability to connue as a going concern, disclosing, as applicable, maers
related to going concern and using the going concern basis of accounng unless the Parent Company’s
Management either intends to liquidate the Group or to cease operaons, or has no realisc alternave
but to do so.
The Parent Company’s Management and members of the Supervisory Board are required to ensure
that the consolidated financial statements meet the requirements of the Accounng Act of 29
September 1994 (i.e. Journal of Laws of 2023, item 120 as amended – the ‘Accounng Act’). The
Audit | Outsourcing | Tax | Consulng
UHY ECA Audyt Sp. o.o. – member of UHY International, a network of independent accounting and consulting firms
UHY ECA Audyt Sp. z o.o.
ul. Połczyńska 31A
01-377 Warszawa
E biuro@uhy-pl.com
uhy
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members of the Parent Company’s Supervisory Board are responsible for overseeing the financial
reporng process.
Auditor's responsibility for the audit of the consolidated financial statements
Our objecves are to obtain reasonable assurance about whether the consolidated financial
statements as a whole are free from material misstatement, whether due to fraud or error, and to issue
an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is
not a guarantee that an audit conducted in accordance with NAS will always detect a material
misstatement when it exists. Misstatements may arise as a result of fraud or error and are considered
material if they, individually or in the aggregate, could reasonably be expected to influence the
economic decisions of users taken on the basis of these consolidated financial statements.
The scope of the audit does not include assurance on the future profitability of the Group nor efficiency
or effecveness of conducng business maers now or in the future by the Parent Company’s
Management.
As part of an audit in accordance with NAS, we use professional judgment and maintain professional
scepcism and we also:
idenfy and assess the risks of material misstatement of the consolidated financial statements,
whether due to fraud or error, design and perform audit procedures responsive to those risks,
and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.
The risk of not detecng a material misstatement resulng from fraud is higher than for one
resulng from error, as fraud may involve collusion, forgery, intenonal omissions,
misrepresentaons or override of internal control;
obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effecveness of the Group’s internal control;
evaluate the appropriateness of accounng principles (policy) used and the reasonableness of
accounng esmates and related disclosures made by the Parent Company’s Management;
conclude on the appropriateness of the Parent Company’s Management’s use of the going
concern basis of accounng and, based on the audit evidence obtained, whether a material
uncertainty exists related to events or condions that may cast significant doubt on the Group’s
ability to connue as a going concern. If we conclude that a material uncertainty exists, we are
required to draw aenon in our independent auditor’s report to the related disclosures in the
consolidated financial statements or, if such disclosures are inadequate, to modify our opinion.
Our conclusions are based on the audit evidence obtained up to the date of our independent
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UHY ECA Audyt Sp. o.o. – member of UHY International, a network of independent accounting and consulting firms
UHY ECA Audyt Sp. z o.o.
ul. Połczyńska 31A
01-377 Warszawa
E biuro@uhy-pl.com
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auditor’s report, however, future events or condions may cause the Group to cease to
connue as a going concern;
evaluate the overall presentaon, structure and content of the consolidated financial
statements, including the disclosures, and whether the consolidated financial statements
represent the underlying transacons and events in a manner that achieves fair presentaon;
we obtain sufficient appropriate audit evidence regarding the financial informaon of enes
and business acvies within the Group for the purpose of expressing an opinion on the
consolidated financial statements. We are solely responsible for the direcon, supervision and
performance of the audit of the Group and we remain solely responsible for our audit opinion.
We communicate to the Parent Company’s Supervisory Board on, among other maers, the planned
scope and ming of the audit and significant audit findings, including any significant deficiencies in
internal control that we idenfy during our audit.
We also provide to the Parent Company’s Supervisory Board with a statement that we have complied
with relevant ethical requirements regarding independence, and communicate to them all
relaonships and other maers that may reasonably be thought to bear on our independence, and
where applicable, acons taken to eliminate threats or safeguards applied.
From the maers communicated to the Parent Company’s Supervisory Board, we determine those
maers that were of most significance in the audit of the consolidated financial statements of the
current period and are therefore the key audit maers. We describe these maers in our auditor’s
report unless law or regulaon precludes public disclosure about the maer or when, in extremely rare
circumstances, we determine that a maer should not be communicated in our report because the
adverse consequences of doing so would reasonably be expected to outweigh the public interest
benefits of such communicaon.
Other informaon, including Group Acvity Report
Other informaon
Other informaon comprises combined Group and Company Acvity Report as at 31 December 2024
(the ‘Group Acvity Report’) together with the representaon on applicaon of corporate governance,
which are separate elements of this Group Acvity Report, and the Annual Report for the financial year
ended 31 December 2024(the ‘Annual Report’) (together the ‘Other informaon’).
Responsibilies of the Parent Company’s Management and members of the Supervisory Board
The Parent Company’s Management is responsible for the preparaon of the Other informaon in
accordance with laws.
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UHY ECA Audyt Sp. o.o. – member of UHY International, a network of independent accounting and consulting firms
UHY ECA Audyt Sp. z o.o.
ul. Połczyńska 31A
01-377 Warszawa
E biuro@uhy-pl.com
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The Parent Company’s Management and members of the Supervisory Board are required to ensure
that the Group Acvity Report with separate elements meets the requirements of the Accounng Act.
Auditor's responsibility
Our audit opinion on the consolidated financial statements does not include the Other informaon.
In connecon with the audit of the consolidated financial statements, our responsibility is to read the
Other informaon and, in doing so, to consider, whether the Other informaon is materially
inconsistent with the consolidated financial statements or our knowledge obtained during the audit or
otherwise appears to be materially misstated. If, based on the work we have performed, we conclude
that there are material misstatements in this Other informaon, we are required to report that fact in
our independent auditor’s report.
We have nothing to report regarding Other Informaon.
Our responsibility in accordance with the Act on Statutory Auditors is also to issue an opinion on
whether the Group Acvity Report, to the extent not relevant to sustainability reporng, was prepared
in accordance with laws and that it is consistent with the informaon contained in the consolidated
financial statements. Moreover, we are required to issue an opinion on whether the Group has included
the required informaon in the representaon on applicaon of corporate governance.
We obtained the Group Acvity Report before the date of this audit report and the Annual Report will
be available aer that date. In the event that we idenfy a material misstatement in the Annual Report,
we are required to inform the Parent Company's Supervisory Board.
Opinion on the Group Acvity Report
Based on the work performed during our audit, in our opinion, the Group Acvity Report:
has been prepared in accordance with the arcle 49 of the Accounng Act and paragraph 71
of the Decree of the Minister of Finance of 29 March 2018 on current and periodic informaon
published by issuers of securies and condions for recognion as equivalent the informaon
required by laws of non-EU member states (Journal of Laws of 2018, item 757, as amended –
‘Decree on current informaon’);
is consistent with the informaon contained in the consolidated financial statements.
Statement on the Group Acvity Report
We cerfy that, based on our knowledge of the Group and its environment obtained during our audit,
we have not idenfied material misstatements in the Group Acvity Report.
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UHY ECA Audyt Sp. o.o. – member of UHY International, a network of independent accounting and consulting firms
UHY ECA Audyt Sp. z o.o.
ul. Połczyńska 31A
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Opinion on the corporate governance representaon
In our opinion, in the representaon on applicaon of corporate governance, the Group has included
informaon spulated in paragraph 70, secon 6, point 5 of the Decree on current informaon.
Moreover, in our opinion, the informaon spulated in paragraph 70, secon 6, point 5 leer c-f, h and
i of the Decree included in the representaon on applicaon of corporate governance is in accordance
with applicable laws and informaon included in the consolidated financial statements.
Report on other legal and regulatory requirements
Opinion on the compliance of the consolidated financial statements prepared in the single electronic
reporng format with the requirements of the regulaon on technical standards on the specificaon of
a single electronic reporng format.
As part of our audit of the consolidated financial statement, we were engaged to perform an assurance
engagement to obtain reasonable assurance in order to express an opinion on whether the
consolidated financial statements of the Group for the year ended 31 December 2024 prepared in the
single electronic reporng format including in the file named DAT-2024-12-31-0-pl (the ‘consolidated
financial statements in ESEF format’), was tagged in accordance with the regulaons specified in
Commission Delegated Regulaon (EU) No 2019/815 of 17 December 2018 supplemenng Direcve
2004/109/EC of the European Parliament and of the Council with regard to regulatory technical
standards on the specificaons of a single electronic reporng format (Official Journal of the European
Union UE L 143 of 29 May 2019, p. 1, as amended – the ‘ESEF Regulaon’).
Idenficaon of criteria and descripon of the object of the service
The consolidated financial statements in ESEF format were prepared by the Parent Company’s
Management in order to meet the tagging and technical requirements of the single electronic reporng
format which are specified in the ESEF Regulaon.
The subject maer of our assurance engagement is the compliance verificaon of the consolidated
financial statements in ESEF format against the requirements of the ESEF Regulaons, while the
requirements specified in these regulaons represent, in our opinion, applicable criteria for us to
express an opinion providing reasonable assurance.
Responsibility of the Parent Company’s Management and members of the Supervisory Board
The Parent Company’s Management is responsible for preparing of the consolidated financial
statements in ESEF format in accordance with the tagging and technical requirements of a single
electronic reporng format which are specified in the ESEF Regulaon. Such responsibility includes the
selecon and applicaon of appropriate XBRL tags using the taxonomy specified in these regulaons.
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UHY ECA Audyt Sp. o.o. – member of UHY International, a network of independent accounting and consulting firms
UHY ECA Audyt Sp. z o.o.
ul. Połczyńska 31A
01-377 Warszawa
E biuro@uhy-pl.com
uhy
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Responsibility of the Parent Company’s Management also includes designing, implemenng and
maintaining of such internal control as determined is necessary to enable the preparaon of the
consolidated financial statements in ESEF format, free from material non-compliance with the
requirements of the ESEF Regulaon.
The members of the Parent Company’s Supervisory Board are responsible for overseeing the financial
reporng process, which includes the preparaon of financial statements in compliance with the form
in accordance with the governing legal regulaons.
Auditor’s responsibility
Our objecve was to express an opinion, based on the performed assurance engagement, providing
reasonable assurance, that the consolidated financial statements in ESEF format was tagged in
accordance with the ESEF requirements.
We have performed our assurance engagement in accordance with the Naonal Standard for
Assurance Engagements Other than Audit and Review 3001PL – Audit of Financial Statements Prepared
in Single Electronic Reporng Format adopted by resoluon of the Naonal Council of Statutory
Auditors No. 1975/32a/2021 dated 17 December 2021 (‘NSAE 3001PL’) and, where applicable, in
accordance with the Naonal Standard on Assurance Engagements Other than Audit and Review 3000
(R) as set out in Internaonal Standard on Assurance Engagements 3000 (Revised) - Assurance
Engagements Other than Audits or Reviews of Historical Financial Informaon adopted by Resoluon
of the Naonal Council of Statutory Auditors No. 3436/52e/2019 of 8 April 2019, as amended (‘NSAE
3000 (R)’).
This standard requires the auditor to plan and perform procedures to obtain reasonable assurance that
the consolidated financial statements in ESEF format were prepared in accordance with specified
criteria.
Reasonable assurance is a high level of assurance but it is not guaranteed that the assurance
engagement conducted in accordance with NSAE 3001PL and, where appropriate, in accordance with
NSAE 3000 (R), will always detect material misstatement when it exists.
The selecon of procedures depends on the auditor’s professional judgement, including the
assessment of risk of material misstatement due to fraud or error. When performing risk assessments,
and in order to design procedures to be performed the auditor takes into consideraon the internal
controls related with the preparaon of the consolidated financial statements in ESEF format, which
can provide the auditor with sufficient and appropriate evidence. The assessment of the internal
controls was not performed for the purpose of expressing an opinion on the effecveness of its
operaon.
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UHY ECA Audyt Sp. o.o. – member of UHY International, a network of independent accounting and consulting firms
UHY ECA Audyt Sp. z o.o.
ul. Połczyńska 31A
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E biuro@uhy-pl.com
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Summary of performed procedures
Procedures that were designed and performed by us included among others:
● obtaining an understanding of the process of preparaon of the consolidated financial
statements in ESEF format, including the process of selecon and applicaon of XBRL tags and
maintaining compliance with the ESEF Regulaon, including an understanding of the internal
control system mechanisms associated with this process;
● reconciliaon of the tagged on a selected sample informaon included in the consolidated
financial statements in ESEF format to the audited consolidated financial statement;
● assessment of the compliance with the technical standards on the specificaon of a single
electronic reporng format, including the use of the XTHML format, with the use of specialist
IT tools, assessing the completeness of tagging the informaon in the consolidated financial
statements in ESEF format with XBRL tags;
● assessment whether the applied XBRL tags from the taxonomy specified by the ESEF
Regulaon were applied appropriately and that extensions to the elements in the taxonomy
specified in the ESEF regulaons were used when there were no suitable elements in the
taxonomy specified in the ESEF Regulaons;
● evaluang of the anchoring of the taxonomy extensions to the elements in the taxonomy
specified by the ESEF Regulaons;
We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion on the performed assurance engagement on the tagging compliance with the requirements of
the ESEF Regulaon.
Ethical requirements, including independence
While performing the assurance engagement, the key cerfied auditor and the audit firm have
complied with the independence and other ethical requirements as specified by the Code of ethics.
The Code of ethics is based on the fundamental principles related to integrity, objecvity, professional
competence and due care, confidenality and professional behaviour. We have also complied with
other independence requirements and ethical responsibilies in accordance with required applicable
rules of such assurance engagement in Poland.
Quality control requirements
The audit firm applies the naonal quality control standards introduced by Resoluon of the Board of
the Polish Agency for Audit Oversight No. 38/I/2022 of 15 November 2022. Naonal Quality Control
Standard 1 in the wording of Internaonal Quality Management Standard (PL) 1 – Quality Management
for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related
Services Engagements requires the audit firm to design, implement and apply a quality management
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UHY ECA Audyt Sp. z o.o.
ul. Połczyńska 31A
01-377 Warszawa
E biuro@uhy-pl.com
uhy
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system, including policies or procedures with regard to compliance with ethical requirements,
professional standards and applicable legal and regulatory requirements.
Opinion on compliance with the requirements of the ESEF Regulaon
The maers described above constute the basis for our opinion which is why our opinion should be
read in conjuncon with these maers.
In our opinion, the consolidated financial statements in ESEF format was prepared in all material
respect in accordance with the requirements of the ESEF Regulaons.
Representaon on the provision of non-audit services
To the best of our knowledge and belief, we declare that the non-audit services we have provided to
the Group comply with the laws and regulaons applicable in Poland and that we have not provided
non-audit services that are prohibited under Arcle 5 item 1 of the EU Regulaon and Arcle 136 of
the Act on Statutory Auditors. The non-audit services that we provided to the Group and its subsidiaries
during the audited period are listed under “Provision of permied non-audit services by the Auditor”
Reports on the operaons of the Capital Group
Appointment of the audit firm
We were appointed for the audit of the Group’s consolidated financial statements based on the
resoluon of the Parent Company’s Supervisory Board dated 25.01.2024. The consolidated financial
statements of the Group have been audited by us for the eight me.
The key auditor responsible for the audit resulng in this independent auditor's report Marta
Jankowska.
........................................................
No. in the register: 13498
acng on behalf of UHY ECA Audyt Spółka z ograniczoną odpowiedzialnością of Warsaw, Poland,
entered into the list of audit firms under entry No. 3886 on behalf of which the key auditor has audited
the consolidated financial statements.
Audit | Outsourcing | Tax | Consulng
UHY ECA Audyt Sp. o.o. – member of UHY International, a network of independent accounting and consulting firms
UHY ECA Audyt Sp. z o.o.
ul. Połczyńska 31A
01-377 Warszawa
E biuro@uhy-pl.com
uhy
-
pl.com
This document is a foreign language version of the original Independent Auditor’s Report issued in
Polish version and only the original version is binding. This document has been prepared for informaon
purposes and could be used only for Parent Company’s internal purposes. In case of any discrepancies
between the Polish and English version, the Polish version shall prevail.
Warsaw, 3.04.2025
