A REPORT. INTERSPORT Polska S.A. Cholerzyn 382, Liszki. for the period between 1 st January 2014 and 31 st December 2014

Transcription

1 WL Finanse spółka z o.o., Krakow, ul. Garncarska 5/5telephone no.: , fax: The entity is authorised to audit financial statements and it is entered into KIBR register with no A REPORT on the audit of the financial statement of INTERSPORT Polska S.A. Cholerzyn 382, Liszki for the period between 1 st January 2014 and 31 st December 2014 Cracow, March 2015

2 A. GENERAL PART Data identifying audited unit: 1. Name: INTERSPORT Polska Spółka Akcyjna 2. Registered office: Cholerzyn 382, Liszki 3. Legal form: public limited company 4. The Company s duration is unlimited. 5. The Company is an issuer of securities approved for turnover on the Warsaw Stock Exchange. The Company draws up the financial statement pursuant to the Accounting Act of 29 th September Registered object of economic activity: Z Retail sales of clothes conducted at specialised stores Z Retail sales of shoes and leather products conducted at specialised stores Z Retail sales of sports equipment conducted at specialised stores Z Retail sales conducted by mail-order houses or on the Internet Z Remaining services, not classified otherwise Z Retail sales of alcohol and non-alcohol drinks conducted at specialised stores Z Retail sales of remaining food conducted at specialised stores Remaining registered, not specified above, types of economic activity are compliant with the Company s Memorandum of Association. 7. Real object of economic activity in the period between 1 st January 2014 and 31 st December 2014: The object of Company s economic activity consists in retail sales of clothes, shoes and sports equipment at specialised stores and maintenance services concerning sports equipment. Legal grounds for the economic activity: 1. Certificate of Incorporation of audited unit: The Company was established as a result of transforming the company Przedsiębiorstwo Usługowe MAKS spółka z o.o. into the company Przedsiębiorstwo Usługowe MAKS S.A. in compliance with the resolution of the Extraordinary Shareholders Meeting of drawn up in a form of a notary deed Repertory A No. 5505/2004 by a notary public Waldemar Wajda of the Notary Office in Kraków at ul. Piłsudskiego 40/3. WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 2

3 In December 2005, the Company changed its name to INTERSPORT Polska S.A. in compliance with the resolution of the Extraordinary Shareholders Meeting of drawn up in a form of a notary deed Repertory A No. 8351/2005 by a notary public Waldemar Wajda of the Notary Office in Kraków at ul. Piłsudskiego 40/3. 2. Legal grounds for the economic activity: Memorandum of Association of a public limited company named INTERSPORT Polska S.A., drawn up in a form of a notarial deed on , as amended consolidated text stipulated pursuant to the resolution no. 17 of the Ordinary Shareholders Meeting of Registration office, date and registry entry number: On the Company was entered into the Register of Enterprises kept by the District Court for Kraków-Śródmieście, in Cracow, XI Commercial Division of the National Court Registry with KRS no.: Tax and statistical registration: NIP (Tax Registration Number): confirmation of giving NIP (Tax Registration Number) issued by the Chief of Lesser Poland s Tax Office with a date of REGON (Industry Identification Number): certificate of the Statistical Office in Krakow of Equity capital 1. Equity and its amendments during period audited: Share capital as of amounts to PLN 1,393, and is divided into 13,933,334 shares of a nominal value of 0.10 zloty each. Share capital was contributed in full, during the period audited it did not change. 2. Ownership of equity as of : Shareholders Number of shares Equity share Number of votes Share in the number of votes Artur Mikołajko 2,068, % 3,318, % Sławomir Gil 2,068, % 3,318, % Jolanta Milewska 1,250, % 2,500, % Dorota Radwańska 1,266, % 2,099, % INTERCONTACT Beteiligungsgesellschaft mbh 3,483, % 5,150, % Others 3,797, % 4,214, % In total 13,933, % 20,600, % WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 3

4 3. Equity capital and its changes in the financial year audited: Equity capital as of amounted to 28,973 thousand PLN. In the audited period it decreased by 2,653 thousand PLN as a result of closing the activity with a net loss in the amount of 2,653 thousand PLN. Equity capital as of is favourable and it amounts to 26,320 thousand PLN. Remaining information 1. Entities related to the Company audited: INTERCONTACT Beteiligungsgesellschaft mbh with its registered office in Heilbronn, Germany. 2. The Company s Management Board: The Company s Management Board consists of one or more members appointed and recalled by the General Meeting. The Management Board Members are appointed for the period of three up to five years. Within the period between until now, the Management Board has been operating as composed of: Artur Mikołajko the President of the Management Board Sławomir Gil the Deputy President of the Management Board 3. The Company s Supervisory Board: Within the period between and , the Supervisory Board has been operating as composed of: Artur Olender the President of the Supervisory Board Beata Mikołajko the Deputy President of the Supervisory Board Łukasz Gil the Member of the Supervisory Board Dorota Radwańska the Member of the Supervisory Board Klaus Jost the Member of the Supervisory Board Piotr Dygas the Member of the Supervisory Board Within the period between and until now, the Supervisory Board has been operating as composed of: Artur Olender the President of the Supervisory Board Beata Mikołajko the Deputy President of the Supervisory Board Łukasz Gil the Member of the Supervisory Board Dorota Radwańska the Member of the Supervisory Board Piotr Dygas the Member of the Supervisory Board 4. The Company does not have branches. 5. A financial year is the same as a calendar year. 6. The location of keeping and storing account books: Account books are kept by the Company within its own scope, at its headquarters. WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 4

5 Information about financial statement for the previous financial year: 1. Financial statement for the period between and including an introduction to the financial statement, balance sheet that presents the total amount of assets and liabilities equal to 149,798 thousand PLN, profit and loss account presenting net loss in the amount of 1,873 thousand PLN, statement of changes in the equity capital, cash flow account and additional information and explanations were approved with a resolution no. 4 of the Ordinary General Shareholders Meeting of Net loss for the period between and in the amount of PLN 1,872, by resolution no. 13 of the Ordinary General Shareholders Meeting of , was covered with the Company s supplementary capital. 3. Approved financial statement for 2013 was submitted at the District Court for Kraków- Śródmieście, in Cracow, XI Commercial Division of the National Court Register on Approved financial statement together with statutory auditor s opinion and resolution approving the financial statement and division of the financial result for 2013 were submitted at the Lesser Poland s Tax Office on The financial statement for the period between and was subject to the audit obligation and was submitted to audit by WL Finanse Sp. z o.o. with its registered office in Cracow, entity authorised to audit financial statements, entered into KIBR register with number Audited financial statement for 2013 obtained an opinion without reservations and explanations. 6. The financial statement for the period between and was announced in the Official Court and Economic Journal no. 132/2014, under entry Financial statement for the audited year: 1. Financial statement constituting an object of the audit includes: 1) an introduction to financial statement, 2) a balance sheet drawn up as of , that presents the total amount of assets and liabilities equal to 150,212 thousand PLN, 3) a profit and loss account for the period between presenting net loss in the amount of 2,653 thousand PLN, 4) a statement of changes in equity for the financial year between and presenting an equity decrease by 2,653 thousand PLN, 5) a cash flow account for the financial year between presenting a decrease in cash status by 343 thousand PLN, 6) additional information and explanation. 2. Grounds for opening account books as of were provided by approved financial statement for the period between and Balance sheet continuity was preserved. 3. Financial statement for the period between pursuant to Article 64, par. 1 of the Accounting Act is subject to the obligation to audit and announce. WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 5

6 Data identifying an authorised entity auditing the financial statement: 1. Name: WL Finanse spółka z ograniczoną odpowiedzialnością 2. Registered office: Cracow, ul. Garncarska 5/5 3. Entry into a list of entities authorised to audit financial statements: No WL Finanse Sp. z o.o. was chosen to audit financial statement for the period between by resolution no. 1 of passed by the Supervisory Board of the Company INTERSPORT Polska S.A., which is a body competent to select entity authorised to audit financial statement. 5. The audit was conducted pursuant to a Contract on auditing financial statement concluded on in Cracow, between INTERSPORT Polska S.A. with its registered office in Cholerzyn 382, Liszki, as the Principal and WL Finanse spółka z o.o. with its registered office in Cracow, ul. Garncarska 5/5, entered into the KIBR list of entities authorised to audit financial statements with number 2773, as the Contractor. 6. On behalf of WL Finanse Sp. z o.o., the financial statement was audited by Zbigniew Pamuła, key statutory auditor, registration no. 9280, Anna Broszkiewicz, statutory auditor, registration no , Magdalena Kaim - apprentice and Aneta Norek - assistant. The financial statement audit s was verified by Wojciech Lorys, statutory auditor, registration no The time and place of conducting the audit: at the headquarters of the entity keeping account books in the period between and Declaration of independence: Both, the entity authorised to audit financial statements and statutory auditors, apprentice and assistant conducting the audit declare that they remain independent of INTERSPORT Polska S.A. with its registered office in Cholerzyn, in view of Article 56, par. 3 and par. 4 of the Act on statutory auditors, their self-governing organisation, entities authorised to audit financial statements and on public oversight and fulfil requirements to express impartial and independent opinion on audited financial statement of the Company. WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 6

7 B. AN ANALYSIS OF THE COMPANY S FINANCIAL AND ECONOMIC POSITION I. Characteristics of selected entries of the financial statement Specification BALANCE SHEET (in PLN thousand) Amount % Amount % Amount % ASSETS A. Tangible assets 80, , , I. Intangible fixed assets 3, , , II. Tangible fixed assets 73, , , III. Long-term receivables IV. Long-term investments V. Long-term prepayments 3, , , B. Current assets 69, , , I. Stocks 65, , , II. Short-term receivables 1, , , III. Short-term investments 1, , , IV. Short-term prepayments 1, , TOTAL ASSETS 150, , , LIABILITIES A. Equity capital 26, , , I. Share capital 1, , , II. Own shares III. Supplementary capital 27, , , IV. Revaluation reserve V. Remaining reserves VI. Profit (loss) from previous years VII Net profit (loss) -2, , B. Liabilities and provisions for liabilities 123, , , I. Provisions for liabilities 1, , , II. Long-term liabilities 14, , , III. Short-term liabilities 101, , , IV. Prepayments , , TOTAL LIABILITIES 150, , , WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 7

8 BALANCE SHEET - dynamics (in PLN thousand) Specification 2014/ /2012 Change % Change % ASSETS A. Tangible assets -2, , I. Intangible fixed assets II. Tangible fixed assets -2, , III. Long-term receivables IV. Long-term investments V. Long-term prepayments B. Current assets 2, , I. Stocks 4, II. Short-term receivables -1, III. Short-term investments IV. Short-term prepayments TOTAL ASSETS , LIABILITIES A. Equity capital -2, , I. Initial capital II. Own shares III. Supplementary capital -1, IV. Revaluation reserve V. Remaining reserves VI. Profit (loss) from previous years VII. Net profit (loss) ,489.0 x Liabilities and provisions for liabilities 3, I. Provisions for liabilities II. Long-term liabilities , III. Short-term liabilities 15, , IV. Prepayments TOTAL LIABILITIES , WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 8

9 PROFIT AND LOSS ACCOUNT (in PLN thousand) Specification Amount % Amount % Amount % REVENUES 1. Net revenues on sales and related 217, , , Remaining operational revenues 1, , , Financial revenues Extraordinary gain Total revenues and profits 218, , , COSTS AND LOSSES 5. Costs of operational activity 218, ,5 220, , Remaining operational costs 1, , Financial costs 2, , , Extraordinary losses Total Costs and losses 221, , , FINANCIAL RESULT 9. Gross profit / loss -3, , , Corporate income tax Remaining obligatory charges Net profit / loss -2, , WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 9

10 PROFIT AND LOSS ACCOUNT - dynamics (in PLN thousand) Specification 2014/ /2012 Change % Change % REVENUES AND PROFITS 1. Net revenues on sales and related -2, , Remaining operational revenues Financial revenues Extraordinary gains Total revenues and profits -2, , COSTS AND LOSSES 5. Costs of operational activity -1, , Remaining operational costs , Financial costs , Extraordinary losses Total costs and losses -1, , FINANCIAL RESULT 9. Gross profit / loss , Corporate income tax Remaining obligatory charges Net profit / loss , SELECTED FINANCIAL INDEXES CHARACTERISING THE COMPNAY S ECONOMIC AND FINANCIAL POSITION No. Index name measurement unit balance sheet total PLN thousand 150, , , revenues on sales and related PLN thousand 217, , , profit on sales PLN thousand -1, , net financial result PLN thousand -2, , assets profitability (net financial result x 100) / total assets % equity capital s profitability (net financial result x 100) / equity capitals % WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 10

11 7. sales net profitability (net financial result x 100) / revenues on sales and related % sales gross profitability (sales profit x 100) / revenues on sales and related % liquidity ratio I current assets / short-term liabilities liquidity ratio II (current assets stocks) / short-term liabilities liquidity ratio III short-term investments / short-term liabilities speed of receivables turnover (receivables on deliveries and services x 365) / revenues on sales and related speed of stocks turnover (stocks x 356) / costs of operational activity promptness of paying liabilities (liabilities on deliveries and services x 365) / costs of operational activity equity capitals turnover (revenues on sales / equity capitals) days days days covering fixed assets with equity capital (equity capital + provisions) x 100 / fixed assets % durability of financing structure (equity capital + provisions + long-term liabilities) / liabilities total % general indebtedness index (total liabilities / total assets) % earnings per share PLN book value per share PLN II. An Analysis of the Company s financial and economic position The financial statement does not consider the impact of inflation. Annual consumer price index (commonly, inflation) in the audited year amounted to 0.0%, in the previous year 0.9% and 3.7% in WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 11

12 1. At the end of the audited period, the Company s assets amounted to 150,212 thousand PLN. During the financial year, the balance sheet total increased by 414 thousand PLN, that is, by 0.3% in comparison to the previous year. This increase results from an increase in current assets by 2,647 thousand PLN with diminishing the status of fixed assets by 2,233 thousand PLN. In absolute values, the biggest decrease was noted in tangible fixed assets in the amount of 2,509 thousand PLN, which is a result of amortization allowances in the amount of 6,371 thousand PLN, higher than the value of new fixed assets in the amount of 4,320 thousand PLN. In current assets, the biggest increase was noted in stocks entries in the amount of 4,011 thousand PLN and short-term receivables in the amount of 420 thousand PLN. 2. In assets, the main entry is taken by fixed assets, out of which the biggest in value respect entry in the amount of 73,283 thousand PLN present fixed assets amounting to 48.8% of the balance sheet total. Small changes were noted in the structure of assets, which resulted in a drop of fixed assets share from the level of 55.3% in the previous year up to 53.7% in current year with a simultaneous increase in current assets from 44.7% to 46.3%, mainly as a result of decreasing the status of fixed assets from the level of 50.6% to 48.8% and an increase in stocks from 41.3% to 43.8%. Fixed assets are covered with permanent capitals in 51.6%, which means that so-called golden rule of the balance sheet is not adhered to and unfavourable structure of financing fixed assets results in lingering lack of current capital for financing current operations of the Company. 3. As of the balance day, current assets cover short-term liabilities in 68.4%. Short-term receivables and cash (assets with the biggest liquidity) cover these liabilities only in 2.4%. One should note that liabilities cover in the current year deteriorated with reference to the previous year, when it amounted to 77.3% and 4.9% respectively. Liquidity indexes have a tendency significantly lower than pattern amounts. Preserving financial liquidity results from the Company s short money turnover cycle characterising entities running trade business within which cash or credit card is the basic payment form. 4. In liabilities, the main entry is taken by accounts payable in the amount of 115,832 thousand PLN with 77.2% of share in the balance sheet total, within which short-term liabilities in the amount of 101,598 thousand PLN constitute 67.7% of liabilities in total. Equity capitals in the amount of 26,320 thousand PLN have 17.5% share in financing the Company s assets. The biggest changes occurred with regard to long-term liabilities whose share decreased from a level of 17.0% to 9.5% with a simultaneous increase in short-term liabilities from 57.8% to 67.7%. 5. Revenues on sales amounted to 217,184 thousand PLN and decreased by 1.2% in comparison with the previous year. In 2014, the weather factor again had a significant impact on the level of realised revenues in the form of lack of winter 2013/2014 and 2014/2015, which had the effect of a smaller demand for winter clothing and equipment and the related sales winter collection, negatively affecting the margin and thus the financial result of the Company. Gross margin on sales dropped from a level of 39.2% in 2013 to 38.9% in 2014, which is a consequence of the necessity to conduct sale actions in connection with the drop in the demand caused by the weather factor. 6. The costs of operational activity amounted to 218,627 thousand PLN and dropped by 0.7% in comparison to the previous year. The biggest costs entry consists of the value of sold products in the amount of 132,747 thousand PLN constituting 60.7% of general costs. It should be underlined that the value of sold products decreased by 0.6% with a drop of revenues on sales by 1.2% in comparison to the previous period. Another significant WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 12

13 III. A report on the audit of INTERSPORT Polska S.A. s financial statementfor the period between position in costs consists of foreign services in the amount of 43,992 thousand PLN, i.e. 20.1% of total costs. As a result of undertaken optimisation activities, the Company decreased year on year costs of materials and energy waste by 8.3%; foreign services by 1.1% and financial costs by 1.4%. Assessment of the ability to continue the activity Pursuant to conducted audit of the financial statement, conclusions resulting from the Company s financial and economic situation analysis and considering its potential to run activities, no significant threats to the possibility to continue activity within the period of the nearest twelve months following the balance sheet day were found. C. ACCOUNTING AND INTERNAL CONTROL SYSTEM 1. The Company s account books are kept in compliance with accounting principles (policy) introduced to be applied by the Company s Management Board on Adopted principles have been applied continuously. 2. Accounting principles were established pursuant to the Accounting Act of and describe accounting principles adopted by the Company and they include, in particular: a list of accounts in the general ledger and subledgers, principles for assets and liabilities valuation, principles for registering and settlement of costs and determining financial result, principles of processing and protecting data system. 3. Account books are kept with the use of an information system Enterprise Management System SAP ERP In the course of the audit, the statutory auditor did not find any irregularities within the scope of: the manner of documenting operations to be entered into account books, the correctness of classifying operations to be entered into account books, the correctness of opening account books, the correctness of making entries in the books and referencing these entries with documents and financial statement, proper storage of account books, bookkeeping documentation and documentation describing adopted accounting principles. 5. The statutory auditor pursuant to the audit conducted did not find any fact proving that the Company does not apply basic accounting principles, that is: going concern principle, continuity principle, accrual accounting principle, prudent valuation principle, proportionality principle. 6. The Company s Management Board is liable for performing obligations within accountancy. Results of auditing account books and accounting evidences constituting grounds for book entries allow recognising them as generally fulfilling the requirement of reliability, WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 13

14 faultlessness and verifiability. Accounting principles adopted by the Company are adjusted to its needs and ensure entering into the register all events relevant for assessing its economic and financial situation. 7. Internal control system existing in the Company is based on the functional control performed by managers and the Company s Management Board Members. Internal control's procedures applied continuously in relation to the accounting system provided for a complete and correct entry, documentation and verification of: revenues and costs as well as related invoices, revenues and cash outgoings, including bills of exchange and securities, calculating and paying remunerations. The internal control system was audited within a scope related with the financial statement. It was not aimed at disclosing any possible irregularities or insignificant weaknesses of this system. The audit performed did not disclose any significant shortcomings in the operation of the internal control system. 9. Stocktaking: The obligation to perform stocktaking pursuant to Article 26, par. 1 of the Accounting Act was fulfilled. The stocktaking of particular elements of assets and liabilities for 2014 was conducted in a manner and with a frequency compliant with the principles of the Accounting Act. The statutory auditor participated in the stocktaking of products at the retail shop at the Zakopianka in Cracow and main cash register at the Company's headquarters. 10. Balance sheet continuity Balance sheet was drawn up as of and after its authorisation, it was introduced as an opening balance sheet as of and accounts balances closing books of previous year were entered into account books of audited year. Balance sheet continuity was preserved. D. STATEMETNS OF AN INDEPENDENT STATUTORY ACCOUNTANT 1. Drawing up the financial statement was an obligation of the Company s Management Board that is liable for the reliability, correctness and clarity of information included therein. 2. The Company s Management Board rendered account books accessible, handed over requested by the statutory auditor statements, explanations and information as well as submitted statement on the completeness of entering data in account books and listing all conditional liabilities and informed of significant events that occurred after the balance sheet date until the date of submitting the statement. In the course of the audit there were no limitations as to the scope of the audit. 3. The commission included assessment of account books with respect to the correctness of applied accounting principles and adhering to legal provisions. 4. The audit was aimed at expressing written opinion together with a report whether the financial statement for the period between 1 st January 2014 and 31 st December 2014 is WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 14

15 correct and reliable and presents the Company s economic and financial situation clearly as well as its financial result. The object of the audit did not consist in finding and disclosing events subject to prosecution and occurring outside the accountancy system. In auditing particular entries of the financial statement and account books we used tests and trials relevant for financial revision. On the grounds of results from these tests and trials we concluded on the correctness of audited entries. We also applied the audit limited to selected attempts with regard to tax liabilities and related, thus, there might be differences between our findings and results of possible controls of authorised treasury bodies conducted with the use of full method. 5. The Company s Management Board submitted a declaration on drawing up a statement for audited year in compliance with legal provisions, its knowledge on keeping account books, its completeness as well as disclosing all significant events and liabilities therein that could influence its assessment. 6. The introduction to the financial statement and additional information and explanations were drawn up pursuant to the Accounting Act, include data compliant with actual status resulting from account books and take into consideration provisions under the resolution of the Minister of Finance of regarding current and periodic information published by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws No. 33, item 259, as amended). 7. Drawn up cash flow account and a list of changes of equity capital include significant data stipulated under Article 48, par. 1 of the Accounting Act. 8. Report on the Company s operations in the financial year submitted by the Company s Management Board was drawn up in compliance with requirements stipulated under Article 49 of the Accounting Act. Financial data presented therein result from the financial statement drawn up as of the balance sheet day and take into consideration provisions under the resolution of the Minister of Finance of regarding current and periodic information published by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws No. 33, item 259, as amended). 9. The assessment of the accounting system in conjunction with auditing the credibility of particular positions of the financial statement being the object of the audit and covering the period between gives grounds for expressing opinion that it is correct, reliable and that it clearly presents the Company s economic and financial situation and financial result, as well as that it was drawn up in compliance with the Accounting Act of (Journal of Laws 2009, No. 152, item 1223, as amended). E. FINAL PROVISIONS Final version of the financial statement taking into consideration conclusions recommended by the statutory auditor has been drawn up on 18 th March All components of the financial statement have been marked with the unit s seal and a signature of the person drawing it up and the Members of the Company s Management Board. WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 15

16 This report has been drawn up by the statutory auditor on the grounds of working revision documentation with regard to the audit of the financial statement of INTERSPORT Polska S.A. The report should be read together with an opinion of an independent statutory auditor for General Shareholders Meeting and the Supervisory Board of INTERSPORT Polska S.A. of 18 th March The report consists of 16 pages numbered in sequence and signed by the statutory auditor. The following annexes constitute an integral part of the report: 1) an introduction to financial statement, 2) a balance sheet drawn up as of , 3) a profit and loss account for the financial year from to , 4) a list of changes in equity capital for the financial year from to , 5) a cash flow account for the financial year from to , 6) additional information and explanations. Zbigniew Pamuła registration no.: 9280 Key Statutory Auditor conducting an audit on behalf of: Verifier Wojciech Lorys Statutory Auditor registration no.: 9584 WL Finanse Sp. z o.o Krakow, ul. Garncarska 5/5 Entity authorised to audit financial statements entered into KIBR register with no The President of the Management Board Wojciech Lorys Statutory Auditor registration no.: 9584 Cracow, on 18 th March 2015 WL Finanse sp. z o.o., Krakow, ul. Garncarska 5/5 16