43295837 2023-01-01 2023-12-31 43295837 2023-01-01 2023-12-31 0 43295837 2023-01-01 2023-12-31 0 43295837 2023-01-01 2023-12-31 1 43295837 2022-01-01 2022-12-31 43295837 2023-12-31 43295837 2022-12-31 43295837 2023-01-01 fsa:ContributedCapitalMember 43295837 2023-01-01 fsa:RetainedEarningsMember 43295837 2023-01-01 43295837 2023-01-01 2023-12-31 fsa:ContributedCapitalMember 43295837 2023-01-01 2023-12-31 fsa:RetainedEarningsMember 43295837 2023-12-31 fsa:ContributedCapitalMember 43295837 2023-12-31 fsa:RetainedEarningsMember 43295837 2023-01-01 2023-12-31 0 iso4217:DKK xbrli:pure Regnskabsklasse C, mellemstor virksomhed 2023-01-01 2023-12-31 <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">Ledelsespåtegning</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 /><td>Statement by Management</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">Bestyrelse og direktion har dags dato behandlet og godkendt årsrapporten for M2 Animation Group A/S for regnskabsåret 1. januar – 31. december 2023.</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 /><td /><td /><td colspan="2">The Board of Directors and the Executive Board have today discussed and approved the annual report of M2 Animation Group A/S for the financial year 1. januar – 31. december 2023.</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">Årsrapporten er aflagt i overensstemmelse med årsregnskabsloven.</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 /><td /><td /><td colspan="2">The annual report has been prepared in accordance with the Danish Financial Statements Act.</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">Det er vores opfattelse, at årsregnskabet giver et retvisende billede af virksomhedens aktiver, passiver og finansielle stilling pr. 31. december 2023 samt af resultatet af virksomhedens aktiviteter for regnskabsåret 1. januar – 31. december 2023.</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 /><td /><td /><td colspan="2">In our opinion, the financial statements give a true and fair view of the financial position of the Company at 31. december 2023 and of the results of its operations for the financial year 1. januar – 31. december 2023.</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">Det er endvidere vores opfattelse, at ledelsesberetningen indeholder en retvisende redegørelse for de forhold, beretningen omhandler.</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 /><td /><td /><td colspan="2">Further, in our opinion, the Management's review gives a fair review of the matters discussed in the Management's review.</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">Årsrapporten indstilles til generalforsamlingens godkendelse</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 /><td /><td /><td colspan="2">We recommend that the annual report be approved at the annual general meeting.</td></tr></table> Aarhus 2024-07-09 <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">Den uafhængige revisors revisionspåtegning</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">Til kapitalejeren i M2 Animation Group A/S</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 /><td /><td /><td>To the shareholder of M2 Animation Group A/S</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">Konklusion</td></tr><tr><td colspan="1">Vi har revideret årsregnskabet for M2 Animation Group A/S for regnskabsåret 1. januar – 31. december 2023, der omfatter resultatopgørelse, balance, egenkapitalopgørelse og noter, herunder anvendt regnskabspraksis. Årsregnskabet udarbejdes efter årsregnskabsloven.</td></tr><tr><td colspan="1">Det er vores opfattelse, at årsregnskabet giver et retvisende billede af selskabets aktiver, passiver og finansielle stilling pr. 31. december 2023 samt af resultatet af selskabets aktiviteter for regnskabsåret 1. januar – 31. december 2023 i overensstemmelse med årsregnskabsloven.</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 /><td /><td /><td>Conclusion</td></tr><tr><td /><td /><td /><td>We have conducted an extended review of the financial statements of M2 Animation Group A/S for the financial year 1. januar – 31. december 2023, which comprise income statement, balance sheet, statement of changes in equity and notes, including accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act.</td></tr><tr><td /><td /><td /><td>Based on the work we have performed, in our opinion, the financial statements give a true and fair view of the financial position of the Company at 31. december 2023 and of the results of the Company's operations for the financial year 1. januar – 31. december 2023 in accordance with the Danish Financial Statements Act.</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">Grundlag for konklusion</td></tr><tr><td colspan="1">Vi har udført vores revision i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark. Vores ansvar ifølge disse standarder og krav er nærmere beskrevet i revisionspåtegningens afsnit "Revisors ansvar for revisionen af årsregnskabet". Det er vores opfattelse, at det opnåede revisionsbevis er tilstrækkeligt og egnet som grundlag for vores konklusion.</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 /><td /><td /><td>Basis for opinion</td></tr><tr><td /><td /><td /><td>We conducted our extended review in accordance with the Danish Business Authority's standard on extended review for small entities and FSR – Danish Auditors' standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act. 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 believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.</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">Uafhængighed</td></tr><tr><td colspan="1">Vi er uafhængige af selskabet i overensstemmelse med International Ethics Standards Board for Accountants' internationale retningslinjer for revisorers etiske adfærd (IESBA Code) og de yderligere etiske krav, der er gældende i Danmark, ligesom vi har opfyldt vores øvrige etiske forpligtelser i henhold til disse krav og IESBA Code.</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 /><td /><td /><td>Independence</td></tr><tr><td /><td /><td /><td>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.</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">Ledelsens ansvar for årsregnskabet</td></tr><tr><td colspan="1">Ledelsen har ansvaret for udarbejdelsen af et årsregnskab, der giver et retvisende billede i overensstemmelse med årsregnskabsloven. Ledelsen har endvidere ansvaret for den interne kontrol, som ledelsen anser for nødvendig for at udarbejde et årsregnskab uden væsentlig fejlinformation, uanset om denne skyldes besvigelser eller fejl.</td></tr><tr><td colspan="1">Ved udarbejdelsen af årsregnskabet er ledelsen ansvarlig for at vurdere selskabets evne til at fortsætte driften; at oplyse om forhold vedrørende fortsat drift, hvor dette er relevant; samt at udarbejde årsregnskabet på grundlag af regnskabsprincippet om fortsat drift, medmindre ledelsen enten har til hensigt at likvidere selskabet, indstille driften eller ikke har andet realistisk alternativ end at gøre dette.</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 /><td /><td /><td>Management's responsibilities for the financial statements</td></tr><tr><td /><td /><td /><td>Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the Danish Financial Statements Act. Management is also responsible 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.</td></tr><tr><td /><td /><td /><td>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.</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">Revisors ansvar for revisionen af årsregnskabet</td></tr><tr><td colspan="1">Vores mål er at opnå høj grad af sikkerhed for, om årsregnskabet som helhed er uden væsentlig fejlinformation, uanset om denne skyldes besvigelser eller fejl, og at afgive en revisionspåtegning med en konklusion. Høj grad af sikkerhed er et højt niveau af sikkerhed, men er ikke en garanti for, at en revision, der udføres i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark, altid vil afdække væsentlig fejlinformation, når sådan findes. Fejlinformationer kan opstå som følge af besvigelser eller fejl og kan betragtes som væsentlige, hvis det med rimelighed kan forventes, at de enkeltvis eller samlet har indflydelse på de økonomiske beslutninger, som regnskabsbrugerne træffer på grundlag af årsregnskabet.</td></tr><tr><td colspan="1">Som led i en revision, der udføres i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark, foretager vi faglige vurderinger og opretholder professionel skepsis under revisionen. Herudover</td></tr><tr><td colspan="1"> Identificerer og vurderer vi risikoen for væsentlig fejlinformation i årsregnskabet, uanset om denne skyldes besvigelser eller fejl, udformer og udfører revisionshandlinger som reaktion på disse risici samt opnår revisionsbevis, der er tilstrækkeligt og egnet til at danne grundlag for vores konklusion. Risikoen for ikke at opdage væsentlig fejlinformation forårsaget af besvigelser er højere end ved væsentlig fejlinformation forårsaget af fejl, idet besvigelser kan omfatte sammensværgelser, dokumentfalsk, bevidste udeladelser, vildledning eller tilsidesættelse af intern kontrol.</td></tr><tr><td colspan="1">Opnår vi forståelse af den interne kontrol med relevans for revisionen for at kunne udforme revisionshandlinger, der er passende efter omstændighederne, men ikke for at kunne udtrykke en konklusion om effektiviteten af selskabets interne kontrol.</td></tr><tr><td colspan="1">Tager vi stilling til, om den regnskabspraksis, som er anvendt af ledelsen, er passende, samt om de regnskabsmæssige skøn og tilknyttede oplysninger, som ledelsen har udarbejdet, er rimelige.</td></tr><tr><td colspan="1">Konkluderer vi, om ledelsens udarbejdelse af årsregnskabet på grundlag af regnskabsprincippet om fortsat drift er passende, samt om der på grundlag af det opnåede revisionsbevis er væsentlig usikkerhed forbundet med begivenheder eller forhold, der kan skabe betydelig tvivl om selskabets evne til at fortsætte driften. Hvis vi konkluderer, at der er en væsentlig usikkerhed, skal vi i vores revisionspåtegning gøre opmærksom på oplysninger herom i årsregnskabet eller, hvis sådanne oplysninger ikke er tilstrækkelige, modificere vores konklusion. Vores konklusion er baseret på det revisionsbevis, der er opnået frem til datoen for vores revisionspåtegning. Fremtidige begivenheder eller forhold kan dog medføre, at selskabet ikke længere kan fortsætte driften.</td></tr><tr><td colspan="1">Tager vi stilling til den samlede præsentation, struktur og indhold af årsregnskabet, herunder noteoplysningerne, samt om årsregnskabet afspejler de underliggende transaktioner og begivenheder på en sådan måde, at der gives et retvisende billede heraf.</td></tr><tr><td colspan="1">Vi kommunikerer med den øverste ledelse om bl.a. det planlagte omfang og den tidsmæssige placering af revisionen samt betydelige revisionsmæssige observationer, herunder eventuelle betydelige mangler i intern kontrol, som vi identificerer under revisionen.</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 /><td /><td /><td>Auditor's responsibilities for the audit of the financial statements</td></tr><tr><td /><td /><td /><td>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 additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can 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 users taken on the basis of the financial statements.</td></tr><tr><td /><td /><td /><td>As part of an audit conducted in accordance with ISAs and additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also</td></tr><tr><td /><td /><td /><td>Identify and assess the risks of material misstatement of the 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.</td></tr><tr><td /><td /><td /><td>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.</td></tr><tr><td /><td /><td /><td>Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.</td></tr><tr><td /><td /><td /><td>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.</td></tr><tr><td /><td /><td /><td>Evaluate the overall presentation, structure and contents of the financial statements, including the note disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.</td></tr><tr><td /><td /><td /><td>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.</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">Udtalelse om ledelsesberetningen</td></tr><tr><td colspan="1">Ledelsen er ansvarlig for ledelsesberetningen.</td></tr><tr><td colspan="1">Vores konklusion om årsregnskabet omfatter ikke ledelsesberetningen, og vi udtrykker ingen form for konklusion med sikkerhed om ledelsesberetningen.</td></tr><tr><td colspan="1">I tilknytning til vores revision af årsregnskabet er det vores ansvar at læse ledelsesberetningen og i den forbindelse overveje, om ledelsesberetningen er væsentligt inkonsistent med årsregnskabet eller vores viden opnået ved revisionen eller på anden måde synes at indeholde væsentlig fejlinformation.</td></tr><tr><td colspan="1">Vores ansvar er derudover at overveje, om ledelsesberetningen indeholder krævede oplysninger i henhold til årsregnskabsloven.</td></tr><tr><td colspan="1">Baseret på det udførte arbejde er det vores opfattelse, at ledelsesberetningen er i overensstemmelse med årsregnskabet og er udarbejdet i overensstemmelse med årsregnskabslovens krav. Vi har ikke fundet væsentlig fejlinformation i ledelsesberetningen.</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 /><td /><td /><td>Statement on the Management's review</td></tr><tr><td /><td /><td /><td>Management is responsible for the Management's review.</td></tr><tr><td /><td /><td /><td>Our opinion on the financial statements does not cover the Management's review, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td /><td /><td /><td>In connection with our audit of the financial statements, our responsibility is to read the Management's review and, in doing so, consider whether the Management's review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.</td></tr><tr><td /><td /><td /><td>Moreover, it is our responsibility to consider whether the Management's review provides the information required under the Danish Financial Statements Act.</td></tr><tr><td /><td /><td /><td>Based on the work we have performed, we conclude that the Management's review is in accordance with the 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's review.</td></tr></table> Aarhus 2024-07-09 M2 Animation Group A/S Filmbyen 23, 4 8000 Aarhus C, Denmark 43295837 2022-05-31 Aarhus www.m2film.dk/da/animation kontakt@m2film.dk 4570214020 Jeppe Opstrup 2024-07-09 <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">Ledelsesberetning</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="1">Beretning</td></tr><tr><td colspan="1">Indledning</td></tr><tr><td colspan="1">M2 Animation Group A/S er en del af M2 Group A/S, en global aktør inden for medie- og underholdningsindustrien. Vores moderkoncern har en overordnet mission om at levere innovation, kvalitet og global vækst i industrien. Vi deler M2 Group A/S' vision om at være en førende leverandør af filmproduktion, animation og content produktion, og vi understøtter koncernens strategiske mål om at udvide kundeporteføljen og tilpasse forretningsmodellen til dette formål. Alle vores initiativer og handlinger er styret af disse overordnede retningslinjer.</td></tr><tr><td colspan="1">(M2 Animation var tidligere og frem til 2022 et datterselskab under M2 Film A/S, hvor man nu har samlet alle koncernens animationsaktiviteter i et nyt selskab, M2 Animation Group A/S).</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 /><td>Management's review</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 /><td>Operating review</td></tr><tr><td /><td /><td /><td>Introduction</td></tr><tr><td /><td /><td /><td>M2 Animation Group A/S is part of M2 Group A/S, a global player in the media and entertainment industry. Our parent company has an overarching mission to deliver innovation, quality, and global growth in the industry. We share M2 Group A/S's vision of being a leading provider of film production, animation, and content production, and we support the group's strategic goals of expanding the customer portfolio and adapting the business model to this purpose. All our initiatives and actions are guided by these overall guidelines.</td></tr><tr><td /><td /><td /><td>(M2 Animation was formerly, and until 2022, a subsidiary under M2 Film a/s, where now all the group's animation activities have been assembled into a new company M2 Animation Group A/S).</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">Hovedaktiviteter</td></tr><tr><td colspan="1">M2 Animation Group A/S, et datterselskab under M2 Group A/S, specialiserer sig primært i udvikling og produktion af animation inden for film, serier og animationsindhold. Som en global leverandør af animation til forskellige medier, såsom tv-serier, film og Cinemagic-trailere, har vi etableret en stærk position på markedet. Desuden har vi en portfolio af egne formater, hvor vi ejer de intellektuelle rettigheder. M2 Animation er et prisbelønnet studie, der leverer komplet service, fra konceptudvikling til det endelige produkt.</td></tr><tr><td colspan="1">Økonomisk og aktivitetsmæssig udvikling</td></tr><tr><td colspan="1">2023 var et udfordrende år for M2 Animation Group, både økonomisk og operationelt, hvilket resulterede i et negativt resultat. Vi oplevede en lille nedgang i omsætningen sammenlignet med 2022 og formåede ikke at justere kapaciteten tilsvarende i løbet af året. Dertil kom, at vi stadig havde underskudsgivende projekter fra 2022, som bidrog negativt hver måned. Hele animationsindustrien var under pres i 2023 på grund af markedsmætning ved streamingtjenester samt strategiske skift, hvor virksomheder godkendte færre men større animationsprojekter. Implementeringen af vores Mumbai studie er mere krævende end estimeret, som har kostet mange ressourcer både økonomiske og personel, som bidrager med en stor del til det negative resultat. Mange animationsstudier der har baseret deres forretning på høje vestlige lønninger er gået konkurs eller opsagt mange medarbejdere i løbet af 2023.</td></tr><tr><td colspan="1">Vi forventer at 2024 bliver et udfordrende år, hvor vi vil have fokus på det operationelle og udgifterne løbende tilpasses ordrebeholdningen. Forventningen er at større projekter bliver godkendt i 3. og 4. kvartal.</td></tr><tr><td colspan="1">Initiativer for fremtidig succes</td></tr><tr><td colspan="1">Vi har yderligere styrket kontrollen med vores operationelle drift ved at ansætte en drift orienteret profil som CEO for M2 Animation og M2 Group COO. De initiativer, han har iværksat, omfatter</td></tr><tr><td colspan="1">Fuld transparens på omkostninger</td></tr><tr><td colspan="1">Ressourcestyring</td></tr><tr><td colspan="1">Finansiel styring og ejerskab i hele M2 Animations ledergruppe</td></tr><tr><td colspan="1">Detaljerede finansprocesser</td></tr><tr><td colspan="1">Forøgelse af projektmarginer</td></tr><tr><td colspan="1">Allerede i begyndelsen af 2024 har vi set væsentlige forbedringer på disse områder, og beslutninger bliver nu taget rettidigt og baseret på data, hvilket er en væsentlig positiv ændring i selskabets ledelse udvikling.</td></tr><tr><td colspan="1">Vi har desuden etableret en endnu mere struktureret tilgang til salg og ansat dedikerede salgsfolk, hvilket har resulteret i flere og mere seriøse henvendelser og dialoger.</td></tr><tr><td colspan="1">Innovation og teknologi</td></tr><tr><td colspan="1">Vi er en innovativ og teknologistærk virksomhed og er på flere områder first-movers, hvilket anerkendes i branchen og sikrer vores fremtidige succes. Derfor fortsætter vi med at investere i moderne teknologier som Realtime pipeline produktion processer og AI-systemer. Nuværende og potentielle kunder anerkender vores ekspertise på disse områder, hvilket åbner døre for nye projekter og er indgangsvinklen for dem når de kontakter os.</td></tr><tr><td colspan="1">Særlige risici</td></tr><tr><td colspan="1">M2 Animation Group prioriterer effektiv risikostyring i en verden i konstant forandring. Vi har indført værktøjer og processer til at identificere og reducere finansielle risici, herunder valutaudsving og cybersikkerhed.</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 /><td /><td /><td>Main Activities</td></tr><tr><td /><td /><td /><td>M2 Animation Group A/S, a subsidiary under M2 Group A/S, specializes primarily in the development and production of animation within film, series, and animation content. As a global provider of animation to various media such as TV series, films, and Cinemagic trailers, we have established a strong market position. In addition, we have a portfolio of our own formats where we own the intellectual property rights. M2 Animation is an award-winning studio that provides complete service, from concept development to the final product.</td></tr><tr><td /><td /><td /><td>Economic and Activity Development</td></tr><tr><td /><td /><td /><td>2023 was a challenging year for M2 Animation Group, both financially and operationally, resulting in a negative outcome. We experienced a slight decline in revenue compared to 2022 and were unable to adjust our capacity accordingly throughout the year. Additionally, we were still dealing with loss-making projects from 2022, which continued to contribute negatively each month. The entire animation industry faced pressure in 2023 due to market saturation from streaming services and strategic shifts, where companies approved fewer but larger animation projects. The implementation of our Mumbai studio has been more demanding than estimated, consuming significant financial and personnel resources, which contributed largely to the negative results. Many animation studios that have based their business on high Western salaries have either gone bankrupt or laid off numerous employees during 2023.</td></tr><tr><td /><td /><td /><td>We anticipate that 2024 will be a challenging year, during which we will focus on operational efficiency and continuously adjust our expenses to match our order backlog. We expect larger projects to be approved in the third and fourth quarters.</td></tr><tr><td /><td /><td /><td>Initiatives for Future Sucess</td></tr><tr><td /><td /><td /><td>We have further strengthened control over our operational activities by appointing an operationally focused profile as CEO of M2 Animation and COO of M2 Group. The initiatives he has launched include</td></tr><tr><td /><td /><td /><td>Full transparency in cost management</td></tr><tr><td /><td /><td /><td>Resource allocation optimization</td></tr><tr><td /><td /><td /><td>Financial governance and ownership across the entire M2 Animation leadership team</td></tr><tr><td /><td /><td /><td>Detailed financial processes</td></tr><tr><td /><td /><td /><td>Enhancement of project margins</td></tr><tr><td /><td /><td /><td>Already at the beginning of 2024, we have observed significant improvements in these areas, and decisions are now being made in a timely manner and based on data, which is a substantial positive shift in the company's management development.</td></tr><tr><td /><td /><td /><td>Furthermore, we have established an even more structured approach to sales and have hired dedicated sales personnel, which has resulted in an increase in both the quantity and quality of inquiries and dialogues.</td></tr><tr><td /><td /><td /><td>Innovation and Technology</td></tr><tr><td /><td /><td /><td>We are an innovative and technologically robust company, and in several areas, we are recognized as first-movers within the industry, which ensures our future success. Therefore, we continue to invest in modern technologies such as real-time pipeline production processes and AI systems. Both current and potential clients acknowledge our expertise in these domains, which opens doors for new projects and serves as the entry point for them when they reach out to us.</td></tr><tr><td /><td /><td /><td>Specific Risks</td></tr><tr><td /><td /><td /><td>M2 Animation Group prioritizes effective risk management in a world of constant change. We have implemented tools and processes to identify and mitigate financial risks, including currency fluctuations and cybersecurity threats.</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">Fremtidsudsigter</td></tr><tr><td colspan="1">Vi har en fuld projektportefølje indtil midten af 2024, og vi forventer, at projekter vil blive godkendt igen i 3. og 4. kvartal. Vi har desuden allerede nu kontrakter fra flere af vores største kunder på produktion i 2024, 2025 &amp; 2026 som svarer til årligt ca. 50-60% af 2023 omsætningen. Med vores operationelle fokus og indarbejdelsen af nye processer vil vi kunne justere løbende ift. vores projektportefølje, og med vores allerede underskrevne kontrakter og forventningen om tilgang af flere ser vi positivt på fremtiden.</td></tr><tr><td colspan="1">Selskabets Bæredygtighed og Samfundsansvar</td></tr><tr><td colspan="1">Vi værdsætter mangfoldighed og inklusion i vores globalt orienterede arbejdsplads. Vi er engagerede i bæredygtig forretning, inklusive initiativer for energieffektivitet og affaldshåndtering, samtidig med at vi fremmer etisk forretningspraksis.</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 /><td /><td /><td>Future Prospects</td></tr><tr><td /><td /><td /><td>We have a project portfolio booked until mid-2024, and we anticipate that projects will resume approval in the third and fourth quarters. Additionally, we already have contracts from several of our largest clients for production in 2024, 2025, and 2026, which correspond to approximately 50-60% of our 2023 revenue. With our operational focus and the integration of new processes, we will be able to make ongoing adjustments in relation to our project portfolio. Coupled with our already signed contracts and the expectation of acquiring more, we view the future positively.</td></tr><tr><td /><td /><td /><td>Company's Sustainability and Social Responsibility</td></tr><tr><td /><td /><td /><td>We value diversity and inclusion within our globally-oriented workspace. We are committed to sustainable business practices, including energy efficiency initiatives and waste management, while promoting ethical business conduct.</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">Begivenheder efter balancedagen</td></tr><tr><td colspan="1">Der er ikke indtruffet væsentlige begivenheder efter balancedagen.</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 /><td /><td /><td>Post balance sheet events</td></tr><tr><td /><td /><td /><td>No significant events have occurred after 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">Anvendt regnskabspraksis</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="1">Præsentationsvaluta</td></tr><tr><td colspan="1">Årsregnskabet er aflagt i danske kroner (kr.).</td></tr><tr><td colspan="1">Resultatopgørelsen</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 /><td>Accounting policies</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 /><td /><td /><td>Reporting currency</td></tr><tr><td /><td /><td /><td>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">Årsrapporten for M2 Animation Group A/S for 2023 er aflagt i overensstemmelse med årsregnskabslovens bestemmelser for klasse B-virksomheder med tilvalg af visse bestemmelser for klasse C.</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 /><td /><td /><td>The annual report of M2 Animation Group A/S for 2023 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to medium-sized reporting class C enterprises.</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">I henhold til årsregnskabslovens § 112, stk. 1 er der ikke udarbejder koncernregnskab.</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 /><td /><td /><td>In accordance with the Danish Financial Statements Act paragraph 112, 1 the company has not prepared consolidated financial 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">Bruttofortjeneste/-tab</td></tr><tr><td colspan="1">I resultatopgørelsen er eksterne omkostninger med henvisning til årsregnskabslovens § 32 sammendraget til én regnskabspost benævnt bruttofortjeneste/-tab.</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 /><td /><td /><td>Income statement</td></tr><tr><td /><td /><td /><td>Gross profit/loss</td></tr><tr><td /><td /><td /><td>With reference to section 32 of the Danish Financial Statements Act, the items 'Other external expenses' are consolidated into one item designated 'Gross profit/loss'.</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">Andre eksterne omkostninger</td></tr><tr><td colspan="1">Andre eksterne omkostninger omfatter omkostninger vedrørende virksomhedens primære aktivitet, der er afholdt i årets løb, herunder omkostninger til distribution, salg, reklame, administration, tab på debitorer m.v.</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 /><td /><td /><td>Other external expenses</td></tr><tr><td /><td /><td /><td>Other external expenses include the year's expenses relating to the entity's core activities, including expenses relating to distribution, sale, advertising, administration, premises, bad debts, payments under operating leases, etc.</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">Finansielle indtægter og -omkostninger</td></tr><tr><td colspan="1">Finansielle indtægter og -omkostninger indregnes i resultatopgørelsen med de beløb, der vedrører regnskabsåret. Finansielle poster omfatter renteindtægter og -omkostninger samt tillæg og godtgørelse under acontoskatteordningen m.v.</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 /><td /><td /><td>Financial income and expenses</td></tr><tr><td /><td /><td /><td>Financial income and expenses are recognised in the income statements at the amounts that concern the financial year. Net financials include interest income and expenses, payables and transactions denominated in foreign currencies, as well as allowances and surcharges under the advance-payment-of-tax scheme, etc.</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">Skat af årets resultat</td></tr><tr><td colspan="1">Skat af årets resultat omfatter aktuel skat af årets forventede skattepligtige indkomst og årets regulering af udskudt skat. Årets skat indregnes i resultatopgørelsen med den del, der kan henføres til årets resultat, og i egenkapitalen med den del, som kan henføres til transaktioner indregnet i egenkapitalen.</td></tr><tr><td colspan="1">Virksomheden og de danske tilknyttede virksomheder er sambeskattede. Den danske selskabsskat fordeles mellem overskuds- og underskudsgivende danske selskaber i forhold til disses skattepligtige indkomst (fuld fordeling).</td></tr><tr><td colspan="1">Sambeskattede selskaber med overskydende skat godtgøres som minimum i henhold til de gældende satser for rentegodtgørelser af administrationsselskabet, ligesom sambeskattede selskaber med restskat som maksimum betaler et tillæg i henhold til de gældende satser for rentetillæg til administrationsselskabet.</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 /><td /><td /><td>Tax</td></tr><tr><td /><td /><td /><td>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 /><td /><td /><td>The company and all Danish group entities are jointly taxed. The Danish income tax charge is allocated between profit-making and loss-making Danish entities in proportion to their taxable income (full allocation method).</td></tr><tr><td /><td /><td /><td>Jointly taxed companies entitled to a tax refund are, as a minimum, reimbursed by the management company according to the current rates applicable to interest allowances, and jointly taxed companies having paid too little tax pay, as a maximum, a surcharge according to the current rates applicable to interest surcharges to the management company.</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</td></tr><tr><td colspan="1">Kapitalandele i tilknyttede virksomheder</td></tr><tr><td colspan="1">Kapitalandele i tilknyttede virksomheder måles til kostpris. I kostprisen indgår købsvederlaget opgjort til dagsværdi med tillæg af direkte købsomkostninger. Hvor kostprisen overstiger genindvindingsværdien, nedskrives denne til lavere værdi. Der udarbejdes nedskrivningstest, hvis det modtagne udbytte overstiger den forholdsmæssige andel af årets resultat, eller hvis den regnskabsmæssige værdi af kapitalandele overstiger den forholdsmæssige andel af nettoaktiverne i den underliggende virksomhed.</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 /><td /><td /><td>Balance sheet</td></tr><tr><td /><td /><td /><td>Investments in subsidiaries</td></tr><tr><td /><td /><td /><td>Equity investments in group entities are measured at cost. Cost includes the consideration measured at fair value plus direct acquisition costs. Where cost exceeds the recoverable amount, write-down is made to this lower value. In case of indication of impairment, an impairment test is conducted. Equity investments are written down to the lower of the carrying amount and the recoverable amount.</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">Tilgodehavender</td></tr><tr><td colspan="1">Tilgodehavender måles til amortiseret kostpris.</td></tr><tr><td colspan="1">Der foretages nedskrivning til imødegåelse af tab, hvor der vurderes at være indtruffet en objektiv indikation på, at et tilgodehavende er værdiforringet. Hvis der foreligger en objektiv indikation på, at et individuelt tilgodehavende er værdiforringet, foretages nedskrivning på individuelt niveau.</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 /><td /><td /><td>Receivables</td></tr><tr><td /><td /><td /><td>Receivables are measured at amortised cost, which usually corresponds to the nominal value. Provisions are made for bad debts on the basis of objective evidence that a receivable or a group of receivables are impaired. Provisions are made to the lower of the net realisable value and the carrying amount.</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">Likvider</td></tr><tr><td colspan="1">Likvider omfatter likvide beholdninger.</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 /><td /><td /><td>Cash and cash equivalents</td></tr><tr><td /><td /><td /><td>Cash comprises cash balances and bank balances.</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">Selskabsskat</td></tr><tr><td colspan="1">Aktuelle skatteforpligtelser og tilgodehavende aktuel skat indregnes i balancen som beregnet skat af årets skattepligtige indkomst, reguleret for skat af tidligere års skattepligtige indkomster samt betalte acontoskatter.</td></tr><tr><td colspan="1">Udskudt skat måles efter den balanceorienterede gældsmetode af alle midlertidige forskelle mellem regnskabsmæssig og skattemæssig værdi af aktiver og forpligtelser. Der indregnes dog ikke udskudt skat af midlertidige forskelle vedrørende poster, hvor midlertidige forskelle bortset fra virksomhedsovertagelser er opstået på anskaffelsestidspunktet uden at have indvirkning på resultat eller skattepligtig indkomst. I de tilfælde, hvor opgørelse af skatteværdien kan foretages efter forskellige beskatningsregler, måles udskudt skat på grundlag af den af ledelsen planlagte anvendelse af aktivet, henholdsvis afvikling af forpligtelsen.</td></tr><tr><td colspan="1">Udskudt skat måles på grundlag af de skatteregler og skattesatser, der med balancedagens lovgivning vil være gældende, når den udskudte skat forventes udløst som aktuel skat. Udskudte skatteaktiver indregnes med den værdi, som de forventes at blive udnyttet med, enten ved udligning i skat af fremtidig indtjening eller ved modregning i udskudte skatteforpligtelser inden for samme jurisdiktion. Ændring i udskudt skat som følge af ændringer i skattesatser indregnes i resultatopgørelsen.</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 /><td /><td /><td>Corporation tax</td></tr><tr><td /><td /><td /><td>Current tax payable and receivable is recognised in the balance sheet as the estimated tax charge in respect of the taxable income for the year, adjusted for tax on prior years' taxable income and tax paid on account.</td></tr><tr><td /><td /><td /><td>Provisions for deferred tax are calculated, based on the liability method, of all temporary differences between carrying amounts and tax values, with the exception of temporary differences occurring at the time of acquisition of assets and liabilities neither affecting the results of operations nor the taxable income, as well as temporary differences on non-amortisable goodwill.</td></tr><tr><td /><td /><td /><td>Deferred tax is measured according to the taxation rules and taxation rates in the respective countries applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Deferred tax assets are recognised at the value at which they are expected to be utilised, either through elimination against tax on future earnings or through a set-off against deferred tax liabilities within the same jurisdiction.</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">Andre gældsforpligtelser</td></tr><tr><td colspan="1">Andre gældsforpligtelser måles til nettorealisationsværdien.</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 /><td /><td /><td>Other liabilities</td></tr><tr><td /><td /><td /><td>Other liabilities are measured at net realisable value.</td></tr></table> -183900 409192 769557 1096111 -919646 -61126 -858520 -858520 <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="3" align="left" valign="middle" ></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Notes</td></tr><tr><td colspan="3"></td></tr><tr><td width="14%" ></td><td width="86%" colspan="2" align="left" valign="middle" >Kapitalbedredskab</td></tr><tr><td width="14%" ></td><td width="86%" colspan="2" align="left" valign="middle" >Capital adequacy</td></tr><tr><td width="14%" ></td><td width="50%" colspan="1" align="left" valign="middle" >M2 Group A/S har afgivet støtteerklæring overfor selskabet, hvorved de understøtter selskabet fremadrettet, så selskabet kan betale sine forpligtelser i takt med, at de forfalder. Indeståelsen understøtter tillige, at tilgodehavender hos tilknyttede virksomheder kan indfries til bogførte værdier.</td><td width="36%" colspan="1" align="left" valign="middle" >M2 Group A/S has issued a letter of support for the company, thereby expressing their backing for the company's future, ensuring that the company can meet its obligations as they become due. The commitment also supports the settlement of receivables from group enterprises at their recorded values.</td></tr><tr><td width="14%" ></td><td width="50%" colspan="1" align="left" valign="middle" >Koncernen har i de seneste års realiseret betydelige underskud og deraf afledte negative pengestrømme fra driftsaktiviteten, der samme med investeringer i anlægsaktiver har påvirket koncernens samlede kapitalberedskabet. For at styrke koncernens kapitalberedskab, har koncernledelsen igangsatte salg af andre kapitalandele og værdipapirer, ligesom koncernledelsen arbejder på at koncernens kreditrammer opretholdelse indtil et sådan salg er gennemført. Det er usikkert, om salget gennemføres som planlagt samt om långivere vil opretholde deres finansiering indtil salget er gennemført.</td><td width="36%" colspan="1" align="left" valign="middle" >In recent years, the group has realized significant losses and resulting negative cash flows from operating activities, which, along with investments in fixed assets, have affected the group's overall capital adequacy. To strengthen the group's capital adequacy, the group management has initiated the sale of other capital shares and securities, and is also working to maintain the group's credit lines until such a sale is completed. It is uncertain whether the sale will be completed as planned and whether lenders will maintain their financing until the sale is completed.</td></tr><tr><td width="14%" ></td><td width="50%" colspan="1" align="left" valign="middle" >Det er koncernledelsens vurdering på baggrund af igangværende forhandling samt dialog med kreditstillere, at likviditet vil blive sikret, samt at kapitalberedskabet derfor er tilstrækkeligt for at gennemføre planlagte handlinger og aktiviteter i 2024, herunder sikre indfrielse af koncernens forpligtelser i takt med de forfalder.</td><td width="36%" colspan="1" align="left" valign="middle" >Based on ongoing negotiations and dialogue with creditors, the group management assesses that liquidity will be secured, and therefore the capital adequacy will be sufficient to carry out planned actions and activities in 2024, including ensuring the settlement of the group's obligations as they become due.</td></tr><tr><td width="14%" ></td><td width="50%" colspan="1" align="left" valign="middle" >Ledelsen vurderer derfor, at selskabets kapitalberedskab er tilstrækkeligt.</td><td width="36%" colspan="1" align="left" valign="middle" >Therefore, the management considers that the company's capital reserves are sufficient.</td></tr><tr><td colspan="3"></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 /><td>Selskabet har ingen ansatte.</td></tr></table> 0 769557 0 <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 /><td>Finansielle indtægter</td><td>769.557</td><td>466498</td></tr></table> 0 1096111 <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 /><td>Finansielle omkostninger</td><td>1.096.111</td><td>46.132</td></tr></table> 61126 <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="3" align="left" valign="middle" ><b>Finansielle anlægsaktiver</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Intangible assets</b></td></tr><tr><td width="50%" ></td><td width="50%" colspan="2" align="left" valign="middle" ><b>Kapitalandele i tilknyttede virksomheder</b></td></tr><tr><td width="50%" ></td><td width="35%" align="left" valign="middle" ><b>2023</b></td><td width="15%" ></td></tr><tr><td width="50%" ></td><td width="50%" colspan="2" align="left" valign="middle" ><b>kr.</b></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Kostpris 1. januar 2023</td><td width="35%" align="left" valign="middle" >409.192</td><td width="15%" ></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Afgang i årets løb</td><td width="35%" align="left" valign="middle" >0</td><td width="15%" ></td></tr><tr><td colspan="3"></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Kostpris 31. december 2023</td><td width="35%" align="left" valign="middle" >409.192</td><td width="15%" ></td></tr><tr><td colspan="3"></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Værdireguleringer 1. januar 2023</td><td width="35%" align="left" valign="middle" >0</td><td width="15%" ></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Årets nedskrivning</td><td width="35%" align="left" valign="middle" >-409.192</td><td width="15%" ></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Andel af årets resultat</td><td width="35%" align="left" valign="middle" >0</td><td width="15%" ></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Udloddet udbytte</td><td width="35%" align="left" valign="middle" >0</td><td width="15%" ></td></tr><tr><td colspan="3"></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Værdireguleringer 31. december 2023</td><td width="35%" align="left" valign="middle" >-409.192</td><td width="15%" ></td></tr><tr><td colspan="3"></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" ><b>Bogført værdi 31. december 2022</b></td><td width="35%" align="left" valign="middle" >0</td><td width="15%" ></td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Nærtstående parter</td></tr><tr><td width="50%" ></td><td width="35%" colspan="1" align="right" valign="middle" ><b>Hjemsted</b></td><td width="15%" colspan="1" align="right" valign="middle" ><b>Ejerandel</b></td></tr><tr><td width="50%" ></td><td width="35%" colspan="1" align="right" valign="middle" ><b>Domicile</b></td><td width="15%" colspan="1" align="right" valign="middle" ><b>Interest</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Dattervirksomheder</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Subsidiaries</b></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >M2 Animation A/S</td><td width="35%" colspan="1" align="right" valign="middle" >Aarhus, Danmark</td><td width="15%" align="right" valign="middle" >100%</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >M2 Story Lab A/S</td><td width="35%" colspan="1" align="right" valign="middle" >Aarhus, Danmark</td><td width="15%" align="right" valign="middle" >100%</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >M2 Tremblay Holding Inc.</td><td width="35%" colspan="1" align="right" valign="middle" >Californien, USA</td><td width="15%" align="right" valign="middle" >50%</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >M2 Tremblay Entertainment Inc.</td><td width="35%" colspan="1" align="right" valign="middle" >Californien, USA</td><td width="15%" align="right" valign="middle" >50%</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >M2 Media Group Inc.</td><td width="35%" colspan="1" align="right" valign="middle" >Californien, USA</td><td width="15%" align="right" valign="middle" >100%</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >M2 Animation Studio Ltd.</td><td width="35%" colspan="1" align="right" valign="middle" >Bangkok, Thailand</td><td width="15%" align="right" valign="middle" >100%</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >M2 Animation Mumbai Private Limited</td><td width="35%" colspan="1" align="right" valign="middle" >Mumbai, Indien</td><td width="15%" align="right" valign="middle" >100%</td></tr><tr><td colspan="3"></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>Kontraktlige forpligtelser og eventualposter m.v.</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Contingent liabilities</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Andre eventualforpligtelser</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Selskabet er sambeskattet med moderselskabet M2 Group A/S som administrationsselskab og hæfter begrænset og subsidiært med øvrige sambeskattede selskaber for betaling af sel­skabsskat samt for kil­deskat på renter, royalties og udbytter m.v.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Other financial obligations</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The Company is jointly taxed with the other Danish group enterprises. Under the provisions of the Danish Corporation Tax Act, the jointly taxed companies have joint and several liability for tax on the Group's jointly taxed income, etc.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Moreover, the jointly taxed companies have joint and several liability for withholding taxes on dividends, royalties and interest.</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="4" align="left" valign="middle" ><b>Sikkerhedsstillelser</b></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" ><b>Security for loans</b></td></tr><tr><td width="85%" colspan="3" align="left" valign="middle" >Til sikkerhed for gæld til Sydbank er af­givet virk­somhedspant på nom. 10.500 t.DKK i virksomhedens aktiver.</td><td width="15%" colspan="1" align="left" valign="middle" >A company charge of a nominal amount of DKK 10,500 thousand secured on the company’s assets</td></tr><tr><td colspan="4"></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="3" align="left" valign="middle" ><b>Nærtstående parter</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Related parties</b></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >M2 Animation Group A/S' nærtstående parter omfatter følgende</td><td width="50%" colspan="2" align="left" valign="middle" >M2 Animation Group A/S' related parties include the following</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Nærtstående parter med bestemmende indflydelse</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Information about related parties with a controlling interest</b></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" ><b>Nærtstående part</b></td><td width="35%" colspan="1" align="left" valign="middle" ><b>Bopæl/Hjemsted</b></td><td width="15%" colspan="1" align="left" valign="middle" ><b>Grundlag for bestemmende indflydelse</b></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" ><b>Related party</b></td><td width="35%" colspan="1" align="left" valign="middle" ><b>Domicile</b></td><td width="15%" colspan="1" align="left" valign="middle" ><b>Basis for control</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >M2 Group A/S</td><td width="35%" colspan="1" align="left" valign="middle" >Aarhus, Danmark</td><td width="15%" colspan="1" align="left" valign="middle" >Kapitalbesiddelse</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >M2 Group A/S</td><td width="35%" colspan="1" align="left" valign="middle" >Aarhus, Denmark</td><td width="15%" colspan="1" align="left" valign="middle" >Participating interest</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Oplysning om koncernregnskaber</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Information about related parties with a controlling interest</b></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" ><b>Modervirksomhed</b></td><td width="35%" colspan="1" align="left" valign="middle" ><b>Bopæl/Hjemsted</b></td><td width="15%" colspan="1" align="left" valign="middle" ><b>Rekvirering af modervirksomhedens koncernregnskab</b></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" ><b>Parent Company</b></td><td width="35%" colspan="1" align="left" valign="middle" ><b>Domicile</b></td><td width="15%" colspan="1" align="left" valign="middle" ><b>Basis for control</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >M2 Group A/S</td><td width="35%" colspan="1" align="left" valign="middle" >Aarhus, Danmark</td><td width="15%" colspan="1" align="left" valign="middle" >Koncernregnskabet for moder­selskabet M2 Group A/S kan re­kvireres ved Erhvervssty­relsen.</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >M2 Group A/S</td><td width="35%" colspan="1" align="left" valign="middle" >Aarhus, Denmark</td><td width="15%" colspan="1" align="left" valign="middle" >The consolidated financial statements of the parent company can be obtained from Erhvervsstyrelsen.</td></tr></table> Årsrapport 30700228 EY Godkendt Revisionspartnerselskab Cortex Park Vest 3 5230 Odense M xWizard version 1.1.1264.0, by EasyX Aps. www.easyx.eu 2022-01-01 2022-12-31 Revisionspåtegning Grundlag for konklusion Konklusion Mads Munk Mads Munk Mikkel Weider -23170 0 466498 46132 397196 89033 308163 308163 466498 0 46128 4 -89033 0 0 0 61126 19063339 19124465 0 19124465 19124465 400000 -550357 -150357 2759822 16500000 0 15000 19274822 19274822 19124465 409192 409192 409192 0 13817958 13817958 1826 13819784 14228976 400000 308163 708163 13416780 0 89003 15000 13520783 13520783 14228976 400000 308163 708163 0 -858520 400000 -550357 EY Godkendt Revisionspartnerselskab 30700228 Søren Jensen statsaut. Revisor mne34132 Værkmestergade 25 8100 Aarhus C