Annual Report for the Financial Year Ended December 31, 2014
CYFROWY POLSAT S.A. CAPITAL GROUP Annual Report for the financial year ended December 31, 2014 Place and date of publication: Warsaw, March 4, 2015 Annual Report of Cyfrowy Polsat S.A. Capital Group for the financial year ended December 31, 2014 CONTENT OF THE ANNUAL REPORT Letter of the Chairman of the Supervisory Board Letter of the President of the Management Board Report of the Management Board on the activities of Cyfrowy Polsat S.A. Capital Group in the financial year ended December 31, 2014 Management Board’s representations Opinion of the independent auditor on the audit of the consolidated financial statements for the year ended December 31, 2014 Consolidated Financial Statements for the year ended December 31, 2014 Interim Condensed Consolidated Financial Statements for the 3 and 12 months ended December 31, 2014 (unaudited) 2 Annual Report of Cyfrowy Polsat S.A. Capital Group for the financial year ended December 31, 2014 LETTER OF THE CHAIRMAN OF THE SUPERVISORY BOARD Ladies and Gentlemen, 2014 was a breakthrough year and one of the most important years in the history of Cyfrowy Polsat. Polkomtel, the operator of Plus network, joined the Group, thus leading to the creation of the biggest media and telecommunication group in Poland, as well as in the region. Thanks to this, we have created a solid foundation for the future development and successful operations of the entire Cyfrowy Polsat Group, consisting of Cyfrowy Polsat, Polkomtel, Telewizja Polsat and IPLA platform. The Group has acquired new possibilities of development in the dynamically changing and very competitive market environment.
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