38673009 2022-12-31 38673009 2021-12-31 38673009 2022-01-01 fsa:ContributedCapitalMember 38673009 2022-01-01 fsa:RetainedEarningsMember 38673009 2022-12-31 fsa:ContributedCapitalMember 38673009 2022-12-31 fsa:RetainedEarningsMember 38673009 2022-01-01 2022-12-31 38673009 2022-01-01 2022-12-31 1 38673009 2022-01-01 2022-12-31 memberOfBoardIdentifier_executive_board_1 38673009 2022-01-01 2022-12-31 memberOfBoardIdentifier_executive_board_2 38673009 2022-01-01 2022-12-31 2 38673009 2021-01-01 2021-12-31 38673009 2022-01-01 2022-12-31 fsa:RetainedEarningsMember 38673009 2021-01-01 2021-12-31 fsa:RetainedEarningsMember 38673009 2022-01-01 2022-12-31 fsa:ContributedCapitalMember 38673009 2022-01-01 2022-12-31 fsa:RetainedEarningsMember iso4217:DKK pure Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2022-01-01 2021-01-01 2022-12-31 2021-12-31 38673009 BEET Energy ApS Hanne Nielsens Vej 10 2840 Holte Rudersdal PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Strandvejen 44 2900 Hellerup Denmark 39 45 39 45 koebenhavn@pwc.dk 2023-06-23 Søren Lundgren Jensen Regnskabsklasse B Andre erklæringer uden sikkerhed The Executive Board has today considered and adopted the Financial Statements of BEET Energy ApS for the financial year 1 January - 31 December 2022. The Annual Report is prepared in accordance with the Danish Financial Statements Act. The Company complies with the exemption provisions governing the omission to have its Financial Statements audited. In our opinion the Financial Statements give a true and fair view of the financial position at 31 December 2022 of the Company and of the results of the Company operations for 2022. In our opinion, Management's Review includes a true and fair account of the matters addressed in the Review. We recommend that the Financial Statements be adopted at the Annual General Meeting. 2023-06-23 Holte Søren Lundgren Jensen CEO Rasmus Lystbæk Petersen Director To the Management of BEET Energy ApS We have compiled the Financial Statements of BEET Energy ApS for the financial year 1 January - 31 December 2022 on the basis of the Company’s accounting records and other information you have provided. The Financial Statements comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies. We performed our work in accordance with ISRS 4410, Engagements to Compile Financial Information. Based on our professional expertise, we have assisted you with the preparation and presentation of the Financial Statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of 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 the principles of integrity, objectivity, professional competence and due care. The Financial Statements and the accuracy and completeness of the information forming the basis of the compilation of the Financial Statements are your responsibility. As an engagement to compile financial information is not an assurance engagement, we are under no duty to verify the accuracy or completeness of the information you provided to us to compile the Financial Statements. Accordingly, we express no audit opinion or review opinion as to whether the Financial Statements have been prepared in accordance with the Danish Financial Statements Act. Hellerup 2023-06-23 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Nikolaj Erik Johnsen State Authorised Public Accountant mne35806 Christopher Kowalczyk State Authorised Public Accountant mne47863 Virksomhedens væsentligste aktiviteter er at eje kapitalandele i selskaber og andre dermed forbundne aktiviteter efter ledelsens skøn. Key activities The company's most important activities are to own investments in companies and other related activities at the discretion of management. Development in the year The income statement of the Company for 2022 shows a loss of DKK 5,267, and at 31 December 2022 the balance sheet of the Company shows positive equity of DKK 18,869. The company's management expects to be able to re-establish equity through its own operations, and it is therefore not necessary to take any specific measurements regarding capital loss. Subsequent events No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. -6656 -4701 66 10 162 0 -6752 -4691 -1485 -1032 -5267 -3659 -5267 -3659 24494 28512 24494 28512 2750 1650 1485 1034 4235 2684 20259 25828 51000 51000 51000 51000 -32131 -26863 18869 24137 5625 4375 5625 4375 5625 4375 24494 28512 51000 -26864 0 -5267 51000 -32131 The company has lost more than 50% of the share capital and is therefore covered by the provisions of the Danish Companies Act regarding capital losses. At the forthcoming general meeting, the management will report on the financial situation and present that the share capital is expected to be re-established in the event of future positive earnings. 66 8 0 2 -1485 -1032 -1485 -1032 0 0 Contingent liabilities The Danish group companies are jointly and severally liable for tax on the jointly taxed incomes etc of the Group. The total amount of corporation tax payable is disclosed in the Annual Report of WellPerform Holding ApS, which is the management company of the joint taxation purposes. Moreover, the Danish group companies are jointly and severally liable for Danish withholding taxes by way of dividend tax, tax on royalty payments and tax on unearned income. Any subsequent adjustments of corporation taxes and withholding taxes may increase the Company's liability. The Annual Report of BEET Energy ApS for 2022 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B as well as selected rules applying to reporting class C. The accounting policies applied remain unchanged from last year. The Financial Statements for 2022 are presented in DKK. 1 Revenues are recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow to the Company, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow out of the Company, and the value of the liability can be measured reliably. Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below. 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. Other external expenses comprise expenses for premises, sales as well as office expenses, etc. With reference to section 32 of the Danish Financial Statements Act, gross profit/loss comprises other external expenses. Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. Tax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity. The Company is jointly taxed with the Parent Company. The tax effect of the joint taxation is allocated to Danish enterprises in proportion to their taxable incomes. Receivables are measured in the balance sheet at the lower of amortised cost and net realisable value, which corresponds to nominal value less provisions for bad debts. Deferred income tax is measured using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes on the basis of the intended use of the asset and settlement of the liability, respectively. Deferred tax assets are measured at the value at which the asset is expected to be realised, either by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity. Deferred tax is measured on the basis of 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 crystallise as current tax. Any changes in deferred tax due to changes to tax rates are recognised in the income statement or in equity if the deferred tax relates to items recognised in equity. Current tax liabilities and receivables are recognised in the balance sheet as the expected taxable income for the year adjusted for tax on taxable incomes for prior years and tax paid on account. Extra payments and repayment under the on-account taxation scheme are recognised in the income statement in financial income and expenses. Debts are measured at amortised cost, substantially corresponding to nominal value.