To the General Meeting of Zespół Elektrociepłowni Wrocławskich KOGENERACJA S.A.

Report on the Audit of the Annual Consolidated Financial Statements

Opinion on the financial statements

We have audited the accompanying annual consolidated financial statements of KOGENERACJA S.A. Capital Group, hereinafter referred to as the “Group”, whose parent company is Zespół Elektrociepłowni Wrocławskich KOGENERACJA S.A., with its registered office at ul. Łowiecka 24 (50-220), Wrocław, hereinafter referred to as the “Parent Company”, for the trading year from 1 January 2022 to 31 December 2022. The statements include the consolidated statement of comprehensive income for the trading year ended 31 December 2022, the consolidated statement of financial position as of 31 December 2022, the consolidated statement of cash flows and the consolidated statement of changes in equity for the trading year then ended, notes to the consolidated financial statements comprising general information, the basis of preparation of the financial statements and explanatory notes to the financial statements, hereinafter referred to as the “financial statements”. 

The financial statements have been prepared in a single electronic reporting format as a single reporting package named KOGENERACJA-2022-12-31-pl.zip and have been signed with electronic signatures by the Management Board of the Parent Company on 20 March 2023.

The financial statements have been prepared using the accounting and financial reporting principles set out in International Accounting Standards, International Financial Reporting Standards and related interpretations promulgated as regulations of the European Commission, hereinafter referred to as “EU IFRS”.

In our opinion, the accompanying financial statements of KOGENERACJA S.A. Capital Group:

  • give a true and fair view of the economic and financial position of the Group as at December 31, 2022, of its financial results and its cash flows for the year then ended in accordance with the applicable EU IFRS and the adopted accounting policies;
  • comply, in all material respects, as to the form and content, with the laws applicable to the Group and with provisions of the Parent Company’s articles of association that affect its content.

Report on other legal and regulatory requirements

Other information and statements required under Regulation 537/2014

Jolanta Sękowska
Statutory auditor no. 12749

Rafał Barycki
Statutory auditor no. 10744

Warsaw, 20 March 2023