THE ORANGE POLSKA S.A. SUPERVISORY BOARD’S APPRAISAL OF THE SEPARATE FINANCIAL STATEMENTS OF ORANGE POLSKA S.A., THE CONSOLIDATED FINANCIAL STATEMENTS OF ORANGE POLSKA GROUP AND THE MANAGEMENT BOARD’S REPORT ON THE OPERATIONS OF ORANGE POLSKA GROUP AND ORANGE POLSKA S.A. FOR THE YEAR ENDED 31 DECEMBER 2021
The Supervisory Board has examined and appraised the following documents:
1. | IFRS standalone financial statements of Orange Polska S.A. for 2021, that include: |
a. | income statement for 2021, showing net income of PLN 916 million, |
b. | statement of comprehensive income for 2021, showing total comprehensive income of PLN 1,223 million, |
c. | statement of financial position as at 31.12.2021, with the balance sheet total of PLN 24,838 million, |
d. | statement of changes in equity for 2021, showing an increase in equity by PLN 1,234 million, |
e. | statement of cash flows for 2021, showing an increase in net cash and cash equivalents by PLN 585 million, |
f. | notes to financial statements; |
2. | Management Board's Report on the Activity of the Orange Polska Group and Orange Polska S.A. in 2021; |
3. | IFRS consolidated financial statements of the Orange Polska Group for 2021, that include: |
a. | consolidated income statement for 2021, showing net income of PLN 1,672 million, including net income attributable to owners of Orange Polska S.A. of PLN 1,672 million, |
b. | consolidated statement of comprehensive income for 2021, showing total comprehensive income of PLN 2,001 million, including total comprehensive income attributable to owners of Orange Polska S.A. of PLN 2,001 million, |
c. | consolidated statement of financial position as at 31.12.2021, with the balance sheet total of PLN 26,157 million, |
d. | consolidated statement of changes in equity for 2021, showing an increase in total equity by PLN 2,012 million, including an increase in equity attributable to owners of Orange Polska S.A. by PLN 2,012 million, |
e. | consolidated statement of cash flows for 2021, showing an increase in net cash and cash equivalents by PLN 574 million, |
f. | notes to consolidated financial statements. |
Having analysed the above-mentioned documents and taking into consideration the independent auditor’s reports on the audit of the annual standalone financial statements of Orange Polska S.A. and the consolidated financial statements for the year ended 31 December 2021, the Supervisory Board hereby states that:
- | IFRS standalone financial statements of Orange Polska S.A. for 2021, |
- | Management Board's Report on the Activity of the Orange Polska Group and Orange Polska S.A. in 2021, and |
- | IFRS consolidated financial statements of the Orange Polska Group for 2021 |
have been drawn up in compliance with the books and documents, the factual status and mandatory legal provisions, and that they provide a complete and fair picture of the operational and financial standing of Orange Polska S.A. and the Orange Polska Group. The Management Board's Report on the Activity of the Orange Polska Group and Orange Polska S.A. in 2021 has been drawn up in all major aspects on the basis of the financial data contained in the standalone and consolidated financial statements for 2021. The Management Board's Report contains a description of all material events that may have influence on Orange Polska S.A.’s property and financial standing in at least several quarters as well as a description of all material risks.
This appraisal was made pursuant to the resolution passed by the Supervisory Board of Orange Polska S.A. on 15 February 2022.
Translation of the document originally issued in Polish.
Maciej Witucki | Ramon Fernandez | |
Marc Ricau | Philippe Béguin | |
Bénédicte David | John Russell Houlden | |
Mari-Noëlle Jégo-Laveissière | Michał Kleiber | |
Patrice Lambert de Diesbach | Monika Nachyła | |
Maria Pasło-Wiśniewska | Wioletta Rosołowska | |
Jean-Michel Thibaud | Jean-Marc Vignolles | |
This appraisal was made pursuant to the resolution passed by the Supervisory Board of Orange Polska S.A. on 15 February 2022.
Translation of the document originally issued in Polish.