316359852021-01-012021-12-31316359852021-01-012021-12-311316359852021-01-012021-12-31RevPers2316359852021-01-012021-12-31fsa:RetainedEarningsMember316359852021-01-012021-12-31fsa:ContributedCapitalMember316359852021-01-012021-12-31fsa:RetainedEarningsMember316359852020-01-012020-12-31316359852020-01-012020-12-31fsa:RetainedEarningsMember316359852021-12-31316359852021-01-01fsa:ContributedCapitalMember316359852021-01-01fsa:RetainedEarningsMember316359852020-12-31xbrli:purexbrli:pureiso4217:DKKxbrli:sharesTo the shareholders of Gerry Weber Denmark ApS Basis of opinion We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the "Auditor's responsibilities for the audit of the financial statements" section of our report. We are independent of the Company 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 audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Opinion We have audited the financial statements of Gerry Weber Denmark ApS for the financial year 1 January - 31 December 2021, comprising income statement, balance sheet and notes, including accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the Company's assets, liabilities and financial position at 31 December 2021 and of the results of the Company's operations for the financial year 1 January - 31 December 2021 in accordance with the Danish Financial Statements Act. 2022-05-27CopenhagenOur objectives are to obtain reasonable assurance as to whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements in Denmark will always detect a material misstatement when it exists. Misstatements may arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of financial statement users made on the basis of these financial statements. As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also * identify and assess the risks of material misstatement of the company financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control. * obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. * evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management. * conclude on the appropriateness of Management's use of the going concern basis of accounting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. * evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. , Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance as to whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements in Denmark will always detect a material misstatement when it exists. Misstatements may arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of financial statement users made on the basis of these financial statements. As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also * identify and assess the risks of material misstatement of the company financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control. * obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. * evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management. * conclude on the appropriateness of Management's use of the going concern basis of accounting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern. * evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Management's responsibility for the financial statements 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 that 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 Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. 25578198mne44180Christian Engelbrecht FriisMark Florian FrankKPMGRevisionspåtegningtrue7869618901623238952659313991Regnskabsklasse B37250003725000727846081413553250032500283718283718 Reporting Class The Annual Report of Gerry Weber Denmark ApS for 2021 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B with the adoption of individual rules from class C. The accounting policies applied remain unchanged from last year. Reporting currency The Annual Report is presented in Danish kroner. Translation policies Transactions in foreign currencies are translated into DKK at the exchange rate prevailing at the date of transaction. Monetary assets and liabilities in foreign currencies are translated into DKK based on the exchange rates prevailing at the balance sheet day. Realised and unrealised foreign exchange gains and losses are included in the Income Statement under Financial Income and Expenses. General Information Basis of recognition and measurement Income is recognised in the Income Statement as it is earned, including value adjustments of financial assets and liabilities that are measured at fair value or amortised cost. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the Income Statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the Income Statement. Assets are recognised in the Balance Sheet when it is probable that future economic benefits attributable to the asset will accrue to the Company, and the value of the asset can be measured reliably. Liabilities are recognised in the Balance Sheet when it is probable that future economic benefits attributable to the asset will flow out of the Company, and the value of the liability can be measured reliably. At initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Certain financial assets and liabilities are measured at amortised cost, which involves the recognition of a constant effective interest rate over the term. Amortised cost is calculated as original cost less repayments and with the addition/deduction of the accumulated amortisation of the difference between the cost and the nominal amount. This way, exchange losses and gains are allocated over the term. In connection with recognition and measurement, consideration is given to predictable losses and risks occurring prior to the presentation of the Annual Report, i.e. losses and risks which prove or disprove matters which exist at the balance sheet date. Income Statement Gross profit/loss The Company has decided to aggregate certain items of the Income Statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit is a combination of the items of revenue and other external expenses. Revenue Income from delivery of services is recognised on a straight-line basis in net sales, as the service is delivered. Other external expenses Other external costs include costs for distribution, sales, advertising, administration and operating leasing costs etc. Staff costs Staff costs include wages and salaries, including compensated absence and pensions, as well as other social security contributions, etc. made to the entity's employees. The item is net of refunds made by public authorities. Other staff expenses are recognised in other external expenses. Amortisation, depreciation and impairment losses Amortisation, depreciation and impairment losses comprise the year's amortisation, depreciation and impairment of intangible assets and property, plant and equipment. Financial income and costs Financial income and costs are recognised in the Income Statement based on the amounts that concern the financial year. Financial income and costs include interest income and costs, realised and unrealised capital gains and losses regarding accounts payable and transactions in foreign currencies. Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax. Balance Sheet Tangible assets Items of plant and machinery and fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses. The depreciable amount is cost less the expected residual value at the end of the useful life. Cost comprises the purchase price and any costs directly attributable to the acquisition until the date when the asset is available for use. The cost of self-constructed assets comprises direct and indirect costs of materials, components, sub-suppliers and wages. Straight-line depreciation is provided on the basis of the following estimated useful lives of the assets: Useful life Residual value Other fixtures and fittings, tools and equipment 5-10 years 0 % Leasehold improvements 7 years 0 % Fixed assets investment Fixed asset investments consists of deposits measured at amortised cost. Receivables Receivables are measured at amortised cost. Cash and cash equivalents Cash and cash equivalents comprise cash at bank. Provisions Provisions comprise expected expenses relating to warranty commitments, losses on work in progress, restructuring, etc. Provisions are recognised when, as a result of a past event, the company has a legal or constructive obligation and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation. Income tax and deferred tax Current tax liabilities and current tax receivables are recognised in the balance sheet as the estimated tax on the taxable income for the year, adjusted for tax on the taxable income for previous years and tax paid on account. Deferred tax is measured according to the liability method in respect of temporary differences between the carrying amount of assets and liabilities and their tax base, calculated on the basis of the planned use of the asset and settlement of the liability, respectively. Liabilities Liabilities are measured at amortised cost which usually corresponds to the nominal value. Contingent liabilities Contingent liabilities are not recognised in the Balance Sheet but appear only in the notes. 7. Contingent liabilities The company have a rent obligation of the next 12 months of 800 tDKK. Mortages and collateral: Securities have been put up for a guarantee totalling 729 tDKK. 2. Staff costs 2021 2020 Wages and salaries 1.811.773 3.094.062 Post-employement benefit expense 128.640 216.858 Social security contributions 6.059 19.950 1.946.472 3.330.870 Average number of employees 3 8 Share Retained capital earnings Total Equity 1 January 2021 3.725.000 3.481.294 7.206.294 Profit (loss) 0 194.048 194.048 Equity 31 December 2021 3.725.000 3.675.342 7.400.342 3. Financal income 2021 2020 Interest received from affiliates 167.385 161.030 Other financial income 0 24.890 167.385 185.920 1. Other operating income 2021 2020 Government aid - wage compensation 72.341 129.200 72.341 129.200 5. Other fixtures and fittings, tools and equipment 2021 2020 Cost at the beginning of the year 4.530.155 4.530.155 Cost at the end of the year 4.530.155 4.530.155 Depreciation and amortisation at the beginning of the year -3.916.304 -3.784.937 Amortisation for the year -131.368 -131.367 Impairment losses and amortisation at the end of the year -4.047.672 -3.916.304 Carrying amount at the end of the year 482.483 613.851 , 6. Leasehold improvements 2021 2020 Cost at the beginning of the year 406.269 406.269 Cost at the end of the year 406.269 406.269 Depreciation and amortisation at the beginning of the year -177.743 -25.392 Amortisation for the year -152.351 -152.351 Impairment losses and amortisation at the end of the year -330.094 -177.743 Carrying amount at the end of the year 76.175 228.526 4. Tax expense 2021 2020 Taxes on income previous year -75.079 -14.094 -75.079 -14.094 1946472333087074003427206294-3725000-34812944824836138512246638341874976175228526786961890162324692761809938325003250059115887487716738518592029203475158613651586467194048194048-81331-813310194048118969-9542516448-195839558658842377648648550636753423481294false4692761809938085090963258017827364610262576682388666172659177242207443-75079-14094Herlev, 2730Lyskær 3 CD2008-08-222022-05-273163598525074823ÅrsrapportMark Florian FrankGerry Weber Denmark ApSAzets Insight A/S2020-01-012020-12-310, Copenhagen2021-12-312021-01-01Development in activities and financial matters The Company's Income Statement of the financial year 1 January 2021 - 31 December 2021 shows a result of DKK 194.048 and the Balance Sheet at 31 December 2021 a balance sheet total of DKK 7.869.618 and an equity of DKK 7.400.342. The Company's principal activities The purpose of the company is retail and whole sale. The Company's principal activities The purpose of the company is retail and whole sale. Development in activities and financial matters The Company's Income Statement of the financial year 1 January 2021 - 31 December 2021 shows a result of DKK 194.048 and the Balance Sheet at 31 December 2021 a balance sheet total of DKK 7.869.618 and an equity of DKK 7.400.342. Significant events occurring after After the end of the financial year, no events have occurred which may change the financial position of the entity substantially. The Annual Report is presented in accordance with the Danish Financial Statements Act. In my opinion, the Financial Statements give a true and fair view of the assets, liabilities and financial position of the Company at 31 December 2021 and of the results of the Company's operations for the financial year 1 January 2021 - 31 December 2021. 2022-05-27Today, Management has considered and adopted the Annual Report of Gerry Weber Denmark ApS for the financial year 1 January 2021 - 31 December 2021. In my opinion, the Management's Review includes a true and fair account of the matters addressed in the review. CopenhagenI recommend that the Annual Report be adopted at the Annual General Meeting. Today, Management has considered and adopted the Annual Report of Gerry Weber Denmark ApS for the financial year 1 January 2021 - 31 December 2021. The Annual Report is presented in accordance with the Danish Financial Statements Act. In my opinion, the Financial Statements give a true and fair view of the assets, liabilities and financial position of the Company at 31 December 2021 and of the results of the Company's operations for the financial year 1 January 2021 - 31 December 2021. In my opinion, the Management's Review includes a true and fair account of the matters addressed in the review. The Annual General Meeting of the Company decides that the Financial Statements for next year are not to be audited. The conditions for not conducting an audit of the Financial Statements have been met. I recommend that the Annual Report be adopted at the Annual General Meeting. Copenhagen, 27 May 2022 Executive Board Mark Florian Frank Director The Annual General Meeting of the Company decides that the Financial Statements for next year are not to be audited. The conditions for not conducting an audit of the Financial Statements have been met.