36901969 2022-01-01 2022-12-31 36901969 2022-01-01 2022-12-31 0 36901969 2022-01-01 2022-12-31 1 36901969 2021-01-01 2021-12-31 36901969 2022-01-01 2022-12-31 fsa:OtherStatutoryReservesMember 36901969 2021-01-01 2021-12-31 fsa:OtherStatutoryReservesMember 36901969 2022-01-01 2022-12-31 fsa:RetainedEarningsMember 36901969 2021-01-01 2021-12-31 fsa:RetainedEarningsMember 36901969 2022-12-31 36901969 2021-12-31 36901969 2022-01-01 2022-12-31 0 iso4217:DKK xbrli:pure Regnskabsklasse B 2022-01-01 2022-12-31 36901969 2023-06-21 Casper Hallas CMC development ApS Rådhusvej 13, st. 2920 Charlottenlund 2015-05-20 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management’s Review</td></tr><tr><td colspan="1">The Company´s business review and principal activities</td></tr><tr><td colspan="1">The Company’s principal activities have been to manage trade and industry within information technology.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Significant changes in the company’s activities and financial affairs</td></tr><tr><td colspan="1">There has been no significant changes in the activities and financial position during the financial year.</td></tr><tr><td colspan="1">The company's equity is lost. It’s a Fintech company in rapid development, and it requires large amount of capital to grow, which is a significant factor. The company's opportunities to continue operations depend on financial support from the parent company CMC Finans ApS. As a result, CMC Finans ApS has declared that it will resign with receivables of DKK 17,543.489 and has stated that they will provide financial support until the company's share capital amounts to DKK 50,000.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management’s Statement on the Annual Report</td></tr><tr><td colspan="1">The Executive Board have today discussed and approved the Annual Report 2022 of CMC development ApS.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The Annual Report was prepared in accordance with the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the Annual Report gives a true and fair view of the Company’s financial position at 31 December 2022 and the results of the Company’s operations for the financial year 1 January - 31 December 2022.</td></tr><tr><td colspan="1">In our opinion, the Management’s review includes a fair review of the matters discussed in the Management review.</td></tr><tr><td colspan="1">The Management believes that the conditions for non-audit are fulfilled.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We recommend that the Annual Report will be approved at the annual general meeting.</td></tr></table> Charlottenlund 2023-06-07 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Practitioner’s Compilation Report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the Management of CMC development ApS</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We have compiled the accompanying financial statements of CMC development ApS for the financial year 1 January - 31 December 2022 for the financial year ended 31 December 2022 based on information you have provided.</td></tr><tr><td colspan="1">These financial statements comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes.</td></tr><tr><td colspan="1">We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), Compilation Engagements.</td></tr><tr><td colspan="1">We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant requirements under the Danish Act on Approved Auditors and Audit Firms and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including principles of integrity, objectivity, professional competence and due care.</td></tr><tr><td colspan="1">These financial statements and the accuracy and completeness of the information used to compile them are your responsibility.</td></tr><tr><td colspan="1">Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with the Danish Financial Statements Act.</td></tr></table> Elsinore 2023-06-07 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Accounting Policies</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis of accounting</td></tr><tr><td colspan="1">The Annual Report of CMC development ApS for 2022 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. Management has chosen to follow certain rules from reporting class C.</td></tr><tr><td colspan="1">The accounting policies applied by the company are consistent with those of last year.</td></tr><tr><td colspan="1">Reporting currency</td></tr><tr><td colspan="1">The financial statements are presented in Danish kroner.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Recognition and measurement</td></tr><tr><td colspan="1">Revenues are recognised in the income statement as earned, which includes recognition of value adjustments of financial assets and liabilities. Furthermore, all expenses incurred, including depreciation, amortisation and impairment losses, are recognised in the income statement.</td></tr><tr><td colspan="1">Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow to the Company, and the value of the asset can be measured reliably.</td></tr><tr><td colspan="1">Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow out of the Company, and the value of the liability can be measured reliably.</td></tr><tr><td colspan="1">Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below.</td></tr><tr><td colspan="1">Certain financial assets and liabilities are measured at amortised cost, which involves the recognition of a constant effective interest rate over the maturity period. Amortised cost is calculated as original cost less any deductions and with addition/deduction of the cumulative amortisation of any difference between cost and the nominal amount. In this way, capital losses and gains are allocated over the maturity period.</td></tr><tr><td colspan="1">Recognition and measurement take into account predictable losses and risks occurring before the presentation of the Annual Report, which confirm or invalidate affairs and conditions existing at the balance sheet date.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Translation policies</td></tr><tr><td colspan="1">Transactions in foreign currencies are translated at the exchanges rates at the dates of transaction. Exchange differences arising due to differences between the transaction date rates and the rates at the dates of payment, are recognised in financial income and expenses in the income statement. If foreign exchange positions are considered hedging of future cash flows, the value adjustments are recognised directly in equity.</td></tr><tr><td colspan="1">Receivables, payables and other monetary items in foreign currencies that have not been settled at the balance sheet date are translated at the exchange rates at the balance sheet date. The difference between the exchange rate at the balance sheet date and the rate at the time of origin of the receivable or debt is recognised in financial income and expenses in the income statement.</td></tr><tr><td colspan="1">Fixed assets purchased in foreign currencies are measured at the rate of exchange at the date of transaction.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Income Statement</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Gross profit</td></tr><tr><td colspan="1">With reference to section 32 of the Danish financial statements act, the items “Revenue”, “Other external expenses” and “Other operating income” are consolidated into one item designated “Gross profit”.</td></tr><tr><td colspan="1">Net sales consist, among other things, of fees for loans delivered. Income from the rendering of services is recognised as revenue as the services are rendered, implying that revenue corresponds to the market value of the services rendered in the year (percentage-of-completion method). Revenue is measured at fair value of the agreed consideration exclusive of VAT and taxes charged on behalf of third parties. All discounts and rebates granted are recognised in revenue.</td></tr><tr><td colspan="1">Direct costs include costs in the form of subscriptions directly linked to the business area.</td></tr><tr><td colspan="1">Other external expenses include the year´s expenses relating to the entity´s core activities, including expenses relating to sale, advertising, administration, premises, bad debts, etc.</td></tr><tr><td colspan="1">Employee expenses</td></tr><tr><td colspan="1">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.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Financial income and expenses</td></tr><tr><td colspan="1">Financial income and expenses are recognised in the income statement with the amounts relating to the financial year. Financial income and expenses comprise interest income and expenses, realised and unrealised exchange gains and losses concerning debt and transactions in foreign currencies as well as extra payments and repayment under the on-account taxation scheme.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Corporation tax</td></tr><tr><td colspan="1">Tax for the year includes current tax on the year´s expected taxable income and the year´s deferred tax adjustments. The portion of the tax for the year that relates to the profit/loss for the year is recognised in the income statement, whereas the portion that relates to transactions taken to equity is recognised in equity.</td></tr><tr><td colspan="1">The entity is jointly taxed with its parent company. CMC Finans ApS acts as a management company. The tax effect of the joint taxation with the parent company is distributed to both profit-making and loss-making companies in relation to taxable income (full allocation method).</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Balance Sheet</td></tr><tr><td colspan="1">Intangible assets</td></tr><tr><td colspan="1">Completed development projects and development projects in progress are measured at cost price including accumulated depreciation. Completed development projects are amortized on a straight-line basis over the estimated economic useful life estimated at 8 years. The expected scrap value of completed development projects is 0%.</td></tr><tr><td colspan="1">The cost of development projects includes costs, including salaries that can be directly and indirectly attributed to the development projects.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="5">Property, plant and equipment</td></tr><tr><td colspan="5">Leasehold improvements as well as other fixtures, fittings, tools and equipment are measured at cost price less accumulated depreciation and impairment losses.</td></tr><tr><td colspan="5">The depreciation base is cost price less expected residual value after the end of useful life.</td></tr><tr><td colspan="5">The cost price includes the acquisition price as well as costs directly related to the acquisition until the time when the asset is ready for use.</td></tr><tr><td colspan="5">Depreciation is calculated on a straight-line basis over the expected useful lives of the assets, which are</td></tr><tr><td>Leasehold improvements</td><td>5 - 10</td><td>Years</td><td>Residual value</td><td>0,00%</td></tr><tr><td>Fixtures, fittings, tools and equipment</td><td>3 - 8</td><td>Years</td><td>Residual value</td><td>0,00%</td></tr><tr><td colspan="5">Expected useful lives of the assets are yearly evaluated.</td></tr><tr><td colspan="5">Profit or loss on sale of tangible fixes assets are calculated as the difference between the sales price less selling costs and the carrying amount at the time of the sale. Profit or loss is recognised in the income statement as other operating income or other operating expenses.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Investments</td></tr><tr><td colspan="1">Deposits, investments are measured at cost.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Receivables</td></tr><tr><td colspan="1">Receivables are measured at amortised cost, which usually corresponds to the nominal value. Provisions are made for bad debts because of objective evidence that a receivable or a group of receivables are impaired. Write-downs are made to the lower of the net realisable value and the carrying amount. Investments comprise rent deposits, which is measured at cost.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Deferred income assets</td></tr><tr><td colspan="1">Deferred income assets recognised as assets include costs incurred relating to the subsequent financial year.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Cash and cash equivalents</td></tr><tr><td colspan="1">Cash and cash equivalents include bank deposits.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Corporation tax and deferred tax</td></tr><tr><td colspan="1">The company is jointly taxed with its parent company CMC Finans ApS. Current tax liabilities and current tax receivable are calculated tax on the taxable income for the year adjusted for tax on previous years’ taxable income as well as for taxes paid on account. Corporate income tax is recognized in the balance sheet under "Corporate income tax" or "Corporate income tax receivable".</td></tr><tr><td colspan="1">Deferred tax is measured under the balance sheet liability method in respect of all temporary differences between the carrying amount and the tax base of assets and liabilities. In cases, of concerning shares, where the computation of the tax base may be made according to alternative tax rules, deferred tax is measured based on the intended use of the asset or settlement of the liability, respectively.</td></tr><tr><td colspan="1">Deferred tax assets, including the tax base of tax loss carry-forwards, are measured at the value at which the asset is expected to be either realised, by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity and jurisdiction. Any deferred net tax assets are measured at net realisable value.</td></tr><tr><td colspan="1">Deferred tax is measured based on the tax rules and tax rates that will be effective under the legislation at the balance sheet date when the deferred tax is expected to crystallised as current tax.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Debt</td></tr><tr><td colspan="1">Other liabilities are measured at net realisable value.</td></tr></table> 670561 2557838 1396806 -3284083 172074 -3456157 -389686 -3066471 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="14%" colspan="1" align="center" valign="middle" ><b>CMC development ApS</b></td><td width="21%" colspan="1" align="center" valign="middle" ><b></b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="13%" colspan="1" align="center" valign="middle" ><b></b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="13%" colspan="1" align="center" valign="middle" ><b></b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="13%" colspan="1" align="center" valign="middle" ><b></b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="22%" colspan="1" align="center" valign="middle" ><b></b></td></tr><tr><td colspan="10"></td></tr><tr><td width="14%" colspan="1" align="center" valign="middle" ><b>Equity Statement</b></td><td width="21%" colspan="1" align="center" valign="middle" ><b></b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="13%" colspan="1" align="center" valign="middle" ><b></b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="13%" colspan="1" align="center" valign="middle" ><b></b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="13%" colspan="1" align="center" valign="middle" ><b></b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="22%" colspan="1" align="center" valign="middle" ><b></b></td></tr><tr><td colspan="10"></td></tr><tr><td width="14%" ></td><td width="21%" ></td><td width="1%" ></td><td width="13%" ></td><td width="1%" ></td><td width="13%" colspan="1" align="center" valign="middle" ><b>Reserve for</b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="13%" colspan="1" align="center" valign="middle" ><b></b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="22%" colspan="1" align="center" valign="middle" ><b></b></td></tr><tr><td width="14%" ></td><td width="21%" ></td><td width="1%" ></td><td width="13%" colspan="1" align="center" valign="middle" ><b>Share</b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="13%" colspan="1" align="center" valign="middle" ><b>development</b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="13%" colspan="1" align="center" valign="middle" ><b>Retained</b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="22%" colspan="1" align="center" valign="middle" ><b>Equity</b></td></tr><tr><td width="14%" ></td><td width="21%" ></td><td width="1%" ></td><td width="13%" colspan="1" align="center" valign="middle" ><b>capital</b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="13%" colspan="1" align="center" valign="middle" ><b>expenditure</b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="13%" colspan="1" align="center" valign="middle" ><b>earnings</b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="22%" colspan="1" align="center" valign="middle" ><b>Total</b></td></tr><tr><td colspan="10"></td></tr><tr><td width="36%" colspan="3" align="left" valign="middle" >Equity 1 January 2021</td><td width="13%" align="right" valign="middle" >50.000</td><td width="1%" ></td><td width="13%" align="right" valign="middle" >3.813.336</td><td width="1%" ></td><td width="13%" align="right" valign="middle" >-7.632.707</td><td width="1%" ></td><td width="22%" align="right" valign="middle" >-3.769.371</td></tr><tr><td width="36%" colspan="3" align="left" valign="middle" >Dividends paid</td><td width="13%" align="right" valign="middle" >0</td><td width="1%" ></td><td width="13%" align="right" valign="middle" >0</td><td width="1%" ></td><td width="13%" align="right" valign="middle" >0</td><td width="1%" ></td><td width="22%" align="right" valign="middle" >0</td></tr><tr><td width="36%" colspan="3" align="left" valign="middle" >Profit of the year</td><td width="13%" align="right" valign="middle" >0</td><td width="1%" ></td><td width="13%" align="right" valign="middle" >1.788.802</td><td width="1%" ></td><td width="13%" align="right" valign="middle" >-3.237.986</td><td width="1%" ></td><td width="22%" align="right" valign="middle" >-1.449.184</td></tr><tr><td colspan="10"></td></tr><tr><td width="36%" colspan="3" align="left" valign="middle" ><b>Equity 31 December 2021</b></td><td width="13%" align="right" valign="middle" ><b>50.000</b></td><td width="1%" ></td><td width="13%" align="right" valign="middle" ><b>5.602.138</b></td><td width="1%" ></td><td width="13%" align="right" valign="middle" ><b>-10.870.693</b></td><td width="1%" ></td><td width="22%" align="right" valign="middle" ><b>-5.218.555</b></td></tr><tr><td colspan="10"></td></tr><tr><td width="36%" colspan="3" align="left" valign="middle" >Equity 1 January 2022</td><td width="13%" align="right" valign="middle" >50.000</td><td width="1%" ></td><td width="13%" align="right" valign="middle" >5.602.138</td><td width="1%" ></td><td width="13%" align="right" valign="middle" >-10.870.693</td><td width="1%" ></td><td width="22%" align="right" valign="middle" >-5.218.555</td></tr><tr><td width="36%" colspan="3" align="left" valign="middle" >Dividends paid</td><td width="13%" align="right" valign="middle" >0</td><td width="1%" ></td><td width="13%" align="right" valign="middle" >0</td><td width="1%" ></td><td width="13%" align="right" valign="middle" >0</td><td width="1%" ></td><td width="22%" align="right" valign="middle" >0</td></tr><tr><td width="36%" colspan="3" align="left" valign="middle" >Profit of the year</td><td width="13%" align="right" valign="middle" >0</td><td width="1%" ></td><td width="13%" align="right" valign="middle" >2.253.096</td><td width="1%" ></td><td width="13%" align="right" valign="middle" >-5.319.567</td><td width="1%" ></td><td width="22%" align="right" valign="middle" >-3.066.471</td></tr><tr><td colspan="10"></td></tr><tr><td width="36%" colspan="3" align="left" valign="middle" ><b>Equity 31 December 2022</b></td><td width="13%" align="right" valign="middle" ><b>50.000</b></td><td width="1%" ></td><td width="13%" align="right" valign="middle" ><b>7.855.234</b></td><td width="1%" ></td><td width="13%" align="right" valign="middle" ><b>-16.190.260</b></td><td width="1%" ></td><td width="22%" align="right" valign="middle" ><b>-8.285.026</b></td></tr><tr><td colspan="10"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="4%" colspan="1" align="center" valign="middle" ><b>CMC development ApS</b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="14%" colspan="1" align="center" valign="middle" ><b></b></td><td width="17%" colspan="1" align="center" valign="middle" ><b></b></td><td width="2%" colspan="1" align="center" valign="middle" ><b></b></td><td width="17%" colspan="1" align="center" valign="middle" ><b></b></td><td width="2%" colspan="1" align="center" valign="middle" ><b></b></td><td width="17%" colspan="1" align="center" valign="middle" ><b></b></td><td width="2%" colspan="1" align="center" valign="middle" ><b></b></td><td width="24%" colspan="1" align="center" valign="middle" ><b></b></td></tr><tr><td colspan="10"></td></tr><tr><td width="4%" colspan="1" align="center" valign="middle" ><b>Notes to the annual accounts</b></td><td width="1%" colspan="1" align="center" valign="middle" ><b></b></td><td width="14%" colspan="1" align="center" valign="middle" ><b></b></td><td width="17%" colspan="1" align="center" valign="middle" ><b></b></td><td width="2%" colspan="1" align="center" valign="middle" ><b></b></td><td width="17%" colspan="1" align="center" valign="middle" ><b></b></td><td width="2%" colspan="1" align="center" valign="middle" ><b></b></td><td width="17%" colspan="1" align="center" valign="middle" ><b></b></td><td width="2%" colspan="1" align="center" valign="middle" ><b></b></td><td width="24%" colspan="1" align="center" valign="middle" ><b></b></td></tr><tr><td colspan="10"></td></tr><tr><td width="4%" ></td><td width="1%" ></td><td width="14%" ></td><td width="17%" ></td><td width="2%" ></td><td width="17%" ></td><td width="2%" ></td><td width="17%" align="center" valign="middle" >2022</td><td width="2%" ></td><td width="24%" align="center" valign="middle" >2021</td></tr><tr><td colspan="10"></td></tr><tr><td width="4%" ></td><td width="1%" ></td><td width="95%" colspan="8" align="left" valign="middle" ><b>Employee expenses</b></td></tr><tr><td colspan="10"></td></tr><tr><td width="4%" ></td><td width="1%" ></td><td width="52%" colspan="5" align="left" valign="middle" >Wages/saleries</td><td width="17%" align="right" valign="middle" >2.446.053</td><td width="2%" ></td><td width="24%" align="right" valign="middle" >1.695.066</td></tr><tr><td width="4%" ></td><td width="1%" ></td><td width="52%" colspan="5" align="left" valign="middle" >Pensions</td><td width="17%" align="right" valign="middle" >100.702</td><td width="2%" ></td><td width="24%" align="right" valign="middle" >65.407</td></tr><tr><td width="4%" ></td><td width="1%" ></td><td width="52%" colspan="5" align="left" valign="middle" >Other social security costs</td><td width="17%" align="right" valign="middle" >11.083</td><td width="2%" ></td><td width="24%" align="right" valign="middle" >11.556</td></tr><tr><td colspan="10"></td></tr><tr><td width="4%" ></td><td width="1%" ></td><td width="52%" colspan="5" align="left" valign="middle" ><b>Employee expense total</b></td><td width="17%" align="right" valign="middle" ><b>2.557.838</b></td><td width="2%" ></td><td width="24%" align="right" valign="middle" ><b>1.772.029</b></td></tr><tr><td colspan="10"></td></tr><tr><td width="4%" ></td><td width="1%" ></td><td width="52%" colspan="5" align="left" valign="middle" ><b>Average number of employees</b></td><td width="17%" align="right" valign="middle" ><b>4</b></td><td width="2%" ></td><td width="24%" align="right" valign="middle" ><b>2</b></td></tr><tr><td colspan="10"></td></tr></table> 4 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="8" align="left" valign="middle" ><b>Financial expences</b></td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Interest expences, group entities</td><td width="18%" align="right" valign="middle" >150.323</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >86.011</td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Other financial expenses</td><td width="18%" align="right" valign="middle" >21.751</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >82.317</td></tr><tr><td colspan="8"></td></tr><tr><td width="15%" ></td><td width="18%" ></td><td width="2%" ></td><td width="18%" ></td><td width="2%" ></td><td width="18%" align="right" valign="middle" ><b>172.074</b></td><td width="2%" ></td><td width="25%" align="right" valign="middle" ><b>168.328</b></td></tr><tr><td colspan="8"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="8" align="left" valign="middle" ><b>Tax expense on ordinary activities</b></td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Tax on the taxable income of the year</td><td width="18%" align="right" valign="middle" >-389.686</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >-506.616</td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Increase/decrease in provision for deferred tax</td><td width="18%" align="right" valign="middle" >0</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >0</td></tr><tr><td colspan="8"></td></tr><tr><td width="15%" ></td><td width="18%" ></td><td width="2%" ></td><td width="18%" ></td><td width="2%" ></td><td width="18%" align="right" valign="middle" ><b>-389.686</b></td><td width="2%" ></td><td width="25%" align="right" valign="middle" ><b>-506.616</b></td></tr><tr><td colspan="8"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="8"></td></tr><tr><td width="15%" ></td><td width="18%" ></td><td width="2%" ></td><td width="18%" ></td><td width="2%" ></td><td width="18%" align="center" valign="middle" >2022</td><td width="2%" ></td><td width="25%" align="center" valign="middle" >2021</td></tr><tr><td colspan="8"></td></tr><tr><td width="100%" colspan="8" align="left" valign="middle" ><b>Completed development projects, intangible</b></td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Cost at 1 January</td><td width="18%" align="right" valign="middle" >9.032.508</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >5.873.861</td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Additions in the year</td><td width="18%" align="right" valign="middle" >4.256.279</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >3.158.647</td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Desposals in the year</td><td width="18%" align="right" valign="middle" >0</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >0</td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Cost at 31 December</td><td width="18%" align="right" valign="middle" >13.288.787</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >9.032.508</td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Impairment losses and depreciation at 1 January</td><td width="18%" align="right" valign="middle" >1.850.279</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >984.968</td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Amortisation/depreciation in the year</td><td width="18%" align="right" valign="middle" >1.367.694</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >865.311</td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Reversal of amortisation and impariment of disposals</td><td width="18%" align="right" valign="middle" >0</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >0</td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Impairment losses and depreciation at 31 December</td><td width="18%" align="right" valign="middle" >3.217.973</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >1.850.279</td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" ><b>Carrying amout at 31 December</b></td><td width="18%" align="right" valign="middle" ><b>10.070.814</b></td><td width="2%" ></td><td width="25%" align="right" valign="middle" ><b>7.182.229</b></td></tr><tr><td colspan="8"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="8" align="left" valign="middle" ><b>Leasehold improvements etc.</b></td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Cost at 1 January</td><td width="18%" align="right" valign="middle" >120.744</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >120.744</td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Additions in the year</td><td width="18%" align="right" valign="middle" >0</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >0</td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Desposals in the year</td><td width="18%" align="right" valign="middle" >0</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >0</td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Cost at 31 December</td><td width="18%" align="right" valign="middle" >120.744</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >120.744</td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Impairment losses and depreciation at 1 January</td><td width="18%" align="right" valign="middle" >76.761</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >52.612</td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Amortisation/depreciation in the year</td><td width="18%" align="right" valign="middle" >24.149</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >24.149</td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Reversal of amortisation and impariment of disposals</td><td width="18%" align="right" valign="middle" >0</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >0</td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Impairment losses and depreciation at 31 December</td><td width="18%" align="right" valign="middle" >100.910</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >76.761</td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" ><b>Carrying amout at 31 December</b></td><td width="18%" align="right" valign="middle" ><b>19.834</b></td><td width="2%" ></td><td width="25%" align="right" valign="middle" ><b>43.983</b></td></tr><tr><td colspan="8"></td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="8"></td></tr><tr><td width="15%" ></td><td width="18%" ></td><td width="2%" ></td><td width="18%" ></td><td width="2%" ></td><td width="18%" align="center" valign="middle" >2022</td><td width="2%" ></td><td width="25%" align="center" valign="middle" >2021</td></tr><tr><td colspan="8"></td></tr><tr><td width="100%" colspan="8" align="left" valign="middle" ><b>Fixtures, fittings, tools and equipment</b></td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Cost at 1 January</td><td width="18%" align="right" valign="middle" >33.303</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >33.303</td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Additions in the year</td><td width="18%" align="right" valign="middle" >0</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >0</td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Desposals in the year</td><td width="18%" align="right" valign="middle" >0</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >0</td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Cost at 31 December</td><td width="18%" align="right" valign="middle" >33.303</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >33.303</td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Impairment losses and depreciation at 1 January</td><td width="18%" align="right" valign="middle" >26.270</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >16.529</td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Amortisation/depreciation in the year</td><td width="18%" align="right" valign="middle" >4.963</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >9.741</td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Reversal of amortisation and impariment of disposals</td><td width="18%" align="right" valign="middle" >0</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >0</td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" >Impairment losses and depreciation at 31 December</td><td width="18%" align="right" valign="middle" >31.233</td><td width="2%" ></td><td width="25%" align="right" valign="middle" >26.270</td></tr><tr><td colspan="8"></td></tr><tr><td width="55%" colspan="5" align="left" valign="middle" ><b>Carrying amout at 31 December</b></td><td width="18%" align="right" valign="middle" ><b>2.070</b></td><td width="2%" ></td><td width="25%" align="right" valign="middle" ><b>7.033</b></td></tr><tr><td colspan="8"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Disclosure of liabilities under off-balance sheet leases</b></td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The company has taken on a lease obligation concerning the lease of premises which can be terminated with three months' notice equivalent to DKK 70,750.</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Contingent liabilities</b></td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The company is jointly taxed with the parent company CMC Finans ApS as a management company and with other Danish affiliated companies. The company is jointly and severally liable with other jointly taxed companies in the Group for the payment of withholding tax and corporation tax.</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Disclosure of uncertainties relating to going concern</b></td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The company's equity is lost. The company's opportunities to continue operations depend on financial support from the parent company CMC Finans ApS. As a result, CMC Finans ApS has declared that it will resign with receivables of DKK 17,543,489 and has stated that they will provide financial support until the company's share capital amounts to DKK 50,000.</td></tr><tr><td colspan="1"></td></tr></table> Årsrapport 33241763 Aaen & Co. Statsautoriserede revisorer p/s Kongevejen 3 3000 Helsingør xWizard version 1.1.1209.0, by EasyX Aps. www.easyx.eu 2021-01-01 2021-12-31 Andre erklæringer uden sikkerhed Casper Hallas Mathias Marstal Hoffmann 883758 1772029 899201 -1787472 168328 -1955800 -506616 -1449184 2 2253096 1788802 -5319567 -3237986 10070814 10070814 19834 2070 21904 72251 72251 10164969 0 131760 71295 389686 592741 35362 628103 10793072 50000 7855234 -16190260 -8285026 529011 18383541 165546 19078098 19078098 10793072 7182229 7182229 43983 7033 51016 78180 78180 7311425 6250 112688 73562 506616 699116 6236 705352 8016777 50000 5602138 -10870693 -5218555 650569 9805211 2779552 13235332 13235332 8016777 Aaen & Co. statsautoriserede revisorer p/s 33241763 Jesper Fenger Smidt State Authorised Public Accountant mne31476