iso4217:DKK408965702020-01-012020-12-31408965702020-01-012020-12-311408965702020-01-012020-12-311408965702020-01-012020-12-312408965702020-01-012020-12-31408965702019-10-282019-12-31408965702020-01-012020-12-31fsa:RetainedEarningsMember408965702019-10-282019-12-31fsa:RetainedEarningsMember408965702020-01-012020-12-31fsa:RetainedEarningsMember408965702020-12-31408965702019-12-31408965702020-01-01fsa:ContributedCapitalMember408965702020-01-01fsa:RetainedEarningsMember408965702020-01-01408965702020-12-31fsa:ContributedCapitalMember408965702020-12-31fsa:RetainedEarningsMembertrue2019-10-282019-12-3133963556København S23006WeidekampsgadeDeloitte Statsautoriseret RevisionspartnerselskabHvidovreHvidovre2650Regnskabsklasse BErklæring om udvidet gennemgang2020-12-312020-01-01<br /><br />64RosmosevejPeakon Management ApS under frivillig likvidation40896570339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportThe Board of Directors and the Executive Board have today considered and approved the annual report of Peakon Management ApS under frivillig likvidation for the financial year 01.01.2020 - 31.12.2020.The annual report is presented in accordance with the Danish Financial Statements Act.In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2020 and of the results of its operations for the financial year 01.01.2020 - 31.12.2020.We believe that the management commentary contains a fair review of the affairs and conditions referred to
therein.We recommend the annual report for adoption at the Annual General Meeting.Copenhagen2021-06-30Kasper Kiilsholm OttesenTo the shareholders of Peakon Management ApS under frivillig likvidationWe have performed an extended review of the financial statements of Peakon Management ApS under frivillig likvidation for the
financial year 01.01.2020 - 31.12.2020, which comprise the income statement,
balance sheet, statement of
changes in equity and notes, including a summary of significant
accounting policies. The financial statements
are prepared in accordance with the Danish Financial Statements Act.
Based on our extended review, in our opinion, the financial statements give a true and fair view of the Entity’s
financial position at 31.12.2020 and of the results of its operations for the
financial year 01.01.2020 - 31.12.2020 in accordance with the Danish Financial
Statements Act.We conducted our extended review in accordance with the assurance engagement standard for small enterprises
as issued by the Danish Business Authority and the standard on extended review of financial statements
prepared in accordance with the Danish Financial Statements Act as issued by FSR - Danish Auditors.
Our responsibilities under those standards and requirements are further described in the ”Auditor’s responsibilities
for the extended review of the financial statements” section. We are independent of the Entity in accordance
with the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the evidence we have obtained is
sufficient and appropriate to provide a basis for our conclusion.Management is responsible for the preparation of financial statements that give a true and fair view in accordance
with the Danish Financial Statements Act, and for such internal control as Management determines
is necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, Management is responsible for assessing the Entity’s ability to continue
as a going concern, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting unless Management either intends to liquidate the Entity or to cease operations, or has
no realistic alternative but to do so.Our responsibility is to express a conclusion on the financial statements. This requires that we plan and
perform procedures to obtain limited assurance about our conclusion on the financial statements and that
we also perform specifically required supplementary procedures for the purpose of obtaining additional assurance
about our conclusion.
An extended review consists of making inquiries, primarily of management and, if appropriate, of other entity
personnel, performing analytical and the specifically required supplementary procedures as well as evaluating
the evidence obtained.
The procedures performed in an extended review are less in scope than in an audit, and accordingly we do
not express an audit opinion on the financial statements.Management is responsible for the management commentary.
Our opinion on the financial statements does not cover the management commentary, and we do not express
any form of assurance conclusion thereon.
In connection with our extended review of the financial statements our responsibility is to read the management
commentary and, in doing so, consider whether the management commentary is materially inconsistent
with the financial statements or our knowledge obtained in the extended review or otherwise appears to be
materially misstated.
Moreover, it is our responsibility to consider whether the management commentary provides the information
required under the Danish Financial Statements Act.<br />Based on the work we have performed, we conclude that the management commentary is in accordance with
financial statements and has been prepared in accordance with the requirements of the Danish Financial
Statements Act. We did not identify any material misstatement of the management commentary.Copenhagen2021-06-30Mads FauerskovHenrik Wolff Mikkelsenmne35428mne33747State Authorised Public AccountantState Authorised Public AccountantPrimary activitiesThe key activities of the company include shareholding in other companies and other related activity.Description of material changes in activities and financesThe financial results for the year is a loss of DKK 25,000, which is in accordance with Management's expectations for the year.Events after the balance sheet dateOn 9 March 2021 Workday, Inc., the ultimate parent company of Workday Limited, completed the acquisition Peakon ApS. Following the transaction, Peakon Management has initiated an unwind process which is expected to be finalized before year-end 2021.2500027500-25000-27500-25000-27500-25000-27500-250001808645481808645481808645481808645481808645481808645481808645481808645485368105368101802752381803002381808120481808370485368101803002381808370485368101802752381500003750027500525002750052500275001808645481808645481 Financial assetsOther investments
DKKCost beginning of year180,864,548Cost end of year180,864,548Carrying amount end of year180,864,548This annual report has been presented in accordance with the provisions of the Danish Financial Statements
Act governing reporting class B enterprises with addition of certain provisions for reporting class C.Non-comparabilityLast financial year was the first accounting period for the company covering the period 28.10.2019 - 31.12.2019.
The financial year 2020 covers 12 months. There is hereby no direct comparability between the two financial years. Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic
benefits will flow to the Entity, and the value of the asset can be measured reliably.
Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a
result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the
value of the liability can be measured reliably.
On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial
recognition is effected as described below for each financial statement item.
Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm
or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and
measurement.
Income is recognised in the income statement when earned, whereas costs are recognised by the amounts
attributable to this financial year.Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for
premises, stationery and office supplies, etc. Other investmentsOther investments comprise unlisted equity investments measured at the lower of cost and net realisable value.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.2021-06-30Kasper Kiilsholm Ottesen