xbrli:pureiso4217:DKK252814622021-05-012022-04-30252814622021-05-012022-04-301252814622021-05-012022-04-301252814622021-05-012022-04-301252814622021-05-012022-04-302252814622021-05-012022-04-303252814622021-05-012022-04-30252814622020-05-012021-04-30252814622021-05-012022-04-30fsa:ProposedDividendRecognisedInEquityMember252814622020-05-012021-04-30fsa:ProposedDividendRecognisedInEquityMember252814622021-05-012022-04-30fsa:RetainedEarningsMember252814622020-05-012021-04-30fsa:RetainedEarningsMember252814622021-05-012022-04-30fsa:RetainedEarningsMember252814622021-05-012022-04-30fsa:ProposedDividendRecognisedInEquityMember252814622022-04-30252814622021-04-30252814622021-05-01fsa:ContributedCapitalMember252814622021-05-01fsa:RetainedEarningsMember252814622021-05-01fsa:ProposedDividendRecognisedInEquityMember252814622021-05-01252814622022-04-30fsa:ContributedCapitalMember252814622022-04-30fsa:RetainedEarningsMember252814622022-04-30fsa:ProposedDividendRecognisedInEquityMember252814622021-05-012022-04-30fsa:ContributedCapitalMember252814622021-05-012022-04-30fsa:OtherShorttermPayablesMemberGrundlag for konklusionKonklusiontrue339635562020-05-012021-04-30Aalborg900026, 4. salØstre HavnepromenadeDeloitte Statsautoriseret RevisionspartnerselskabAalborgAalborg SV9200Regnskabsklasse BErklæring om udvidet gennemgang2022-04-302021-05-01<br /><br />10VandmandenTimePlan A/S25281462339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportThe Board of Directors and the Executive Board have today considered and approved the annual report of TimePlan A/S for the financial year 01.05.2021 - 30.04.2022.The annual report is presented in accordance with the Danish Financial Statements Act.In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 30.04.2022 and of the results of its operations for the financial year 01.05.2021 - 30.04.2022.We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.We recommend the annual report for adoption at the Annual General Meeting.Aalborg2022-08-30Rex Archard ClausagerHenrik BaaschRex Archard ClausagerKis FlindtTo the shareholders of TimePlan A/SWe have performed an extended review of the financial statements of TimePlan A/S for the ​financial year 01.05.2021 - 30.04.2022, which comprise the income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. ​Based on our extended review, in our opinion, the financial statements give a true and fair view of the Entity’s ​financial position at. 30.04.2022 and of the results of its operations for the financial year 01.05.2021 - 30.04.2022 in accordance with the Danish Financial Statements Act.We conducted our extended review in accordance with the assurance engagement standard for small enterprises as issued by the Danish Business Authority and the standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act as issued by FSR - Danish Auditors. Our responsibilities under those standards and requirements are further described in the ”Auditor’s responsibilities for the extended review of the financial statements” section. We are independent of the Entity in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, Management is responsible for assessing the Entity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting unless Management either intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so.Our responsibility is to express a conclusion on the financial statements. This requires that we plan and perform procedures to obtain limited assurance about our conclusion on the financial statements and that we also perform specifically required supplementary procedures for the purpose of obtaining additional assurance about our conclusion. An extended review consists of making inquiries, primarily of management and, if appropriate, of other entity personnel, performing analytical and the specifically required supplementary procedures as well as evaluating the evidence obtained. The procedures performed in an extended review are less in scope than in an audit, and accordingly we do not express an audit opinion on the financial statements.Management is responsible for the management commentary. Our conclusion on the financial statements does not cover the management commentary, and we do not express any form of assurance conclusion thereon. In connection with our extended review of the financial statements our responsibility is to read the management commentary and, in doing so, consider whether the management commentary is materially inconsistent with the financial statements or our knowledge obtained in the extended review or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether the management commentary provides the information required under the Danish Financial Statements Act.<br />Based on the work we have performed, we conclude that the management commentary is in accordance with financial statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement of the management commentary.Aalborg2022-08-30René Winther Pedersenmne34173State Authorised Public AccountantFinancial highlights2021/22 DKK'0002020/21 DKK'0002019/20 DKK'0002018/19 DKK'0002017/18 DKK'000Key figuresGross profit/loss44,56742,23939,14939,37334,954Operating profit/loss22,77922,16920,91024,67220,566Net financials232932489(179)Profit/loss for the year17,94417,36416,32719,31215,900Total assets28,21227,85627,11829,78725,567Investments in property, plant and equipment193801491780Equity11,95811,41417,42620,39916,987RatiosReturn on equity (%)153.55120.4286.33103.3195.00Equity ratio (%)42.3940.9864.2668.4866.44Financial highlights are defined and calculated in accordance with the current version of "Recommendations & Ratios" issued by the CFA Society Denmark.Return on equity (%) :Profit/loss for the year * 100 Average equityEquity ratio (%) :Equity * 100 Total assetsPrimary activitiesThe Company's primary activities comprise development, sale and implementation of software (primarily the product TimePlan). Development in activities and financesThe company has generated a profit of DKK 17.944k in the financial year 2021/22.Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.44567100422392812164379019939227144540131170227787702216888427805421336646455120301230103692226194950662074897854179441621736409511000000174000006944162-3590569441621100000039009751529939009751529939009751529983857789935030171016131538488653550355504026022894258749561799491146586627822385273408222821248227856121500000500000458307-6485855110000001740000011958307114141455000005904581740000018490458500000458307110000001559823988155982398803743834996751096302150031463143078714290103631014163814429934376990721961623857716417988162385771641798828212482278561210-70763130-70763130-17400000-174000001 Staff costs2021/22 DKK2020/21 DKKWages and salaries19,047,62117,562,816Pension costs2,189,2612,003,571Other social security costs339,158279,111Other staff costs67,75093,72921,643,79019,939,227Average number of full-time employees383538352 Other financial income 2021/22 DKK2020/21 DKKFinancial income from group enterprises181,074213,366Exchange rate adjustments96,9800278,054213,3663 Other financial expenses2021/22 DKK2020/21 DKKOther interest expenses12,71823,010Exchange rate adjustments079,256Other financial expenses33,73718,03546,455120,301<br />2021/22 DKK2020/21 DKKOther interest expenses12,71823,010Exchange rate adjustments079,256Other financial expenses33,73718,03546,455120,3014 Tax on profit/loss for the year2021/22 DKK2020/21 DKKCurrent tax5,074,5974,896,919Change in deferred tax(8,390)9355,066,2074,897,8545 Property, plant and equipmentOther fixtures and fittings, tools and equipment DKKCost beginning of year950,177Additions19,338Cost end of year969,515Depreciation and impairment losses beginning of year(434,878)Depreciation for the year(144,540)Depreciation and impairment losses end of year(579,418)Carrying amount end of year390,0976 Other payables2021/22 DKK2020/21 DKKVAT and duties2,170,4761,280,685Wages and salaries, personal income taxes, social security costs, etc payable101,56994,088Holiday pay obligation829,3712,392,856Other costs payable046,8003,101,4163,814,4297 Contingent liabilitiesThe Entity participates in a Danish joint taxation arrangement where H. Baasch ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.8 Assets charged and collateralNone.This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class B enterprises with addition of a few provisions for reporting class C.The accounting policies applied to these financial statements are consistent with those applied last year.falseMaterial errors in previous yearsThe annual report 2020/21 contained a material error relating to recognition due to lacking periodization of turnover. The total effect of material errors entails the following adjustments in the comparative figures: Profit/loss before tax is unchanged Tax for the year is unchanged Profit/loss for the year is unchanged Assets are unchanged Retained earnings has been decreased by DKK 7.076k Income tax payable has been decreased by DKK 1.996k Deferred income has been raised by DKK 9.072k Except for the above mentioned corrections, the errors has not effected other comparative figures. Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Entity, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the value of the liability can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item. Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement. Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year.Gross profit or lossGross profit or loss comprises revenue, cost of raw materials and consumables and external expenses.RevenueRevenue from the sale of manufactured goods and goods for resale is recognised in the income statement when delivery is made and risk has passed to the buyer. Revenue from the sale of services is recognised in the income statement when delivery is made to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.Costs of raw materials and consumablesCosts of raw materials and consumables comprise the consumption of raw materials and consumables for the financial year.Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for premises, stationery and office supplies, marketing costs, etc. This item also includes writedowns of receivables recognised in current assets.Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc for entity staff.Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses relating to equipment comprise depreciation, amortisation and impairment losses for the financial year, and gains and losses from the sale of equipment.Other financial incomeOther financial income comprises interest income on receivables from group enterprises and exchange gains on foreing currencies etc.Other financial expensesOther financial expenses comprise interest expenses, including exchange losses on transactions in foreign currencies etc.Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity.The Entity is jointly taxed with all Danish group enterprises. The current Danish income tax is allocated among the jointly taxed entities proportionally to their taxable income (full allocation with a refund concerning tax losses).Property, plant and equipmentOther fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses. Cost comprises the acquisition price, costs directly attributable to the acquisition and preparation costs of the asset until the time when it is ready to be put into operation. The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line depreciation is made on the basis of the following estimated useful lives of the assets:Other fixtures and fittings, tools and equipment2-5 yearsResidual values represent 0 DKK Estimated useful lives and residual values are reassessed annually. Equipment are written down to the lower of recoverable amount and carrying amount.ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts.CashCash comprises cash in hand and bank deposits.DividendDividend is recognised as a liability at the time of adoption at the general meeting. Proposed dividend for the financial year is disclosed as a separate item in equity. Deferred taxDeferred tax is recognised on all temporary differences between the carrying amount and the tax-based value of assets and liabilities, for which the tax-based value is calculated based on the planned use of each asset. However, no deferred tax is recognised for amortisation of goodwill disallowed for tax purposes and temporary differences arising at the date of acquisition that do not result from a business combination and that do not have any effect on profit or loss or on taxable income. Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.Prepayments received from customersPrepayments received from customers comprise amounts received from customers prior to delivery of the goods agreed or completion of the service agreed.Tax receivable or payableCurrent tax receivable or payable is recognised in the balance sheet, stated as tax computed on this year's taxable income, adjusted for prepaid tax.Deferred incomeDeferred income comprises income received for recognition in subsequent financial years. Deferred income is measured at cost.2022-08-30Henrik Baasch