26454484 2020-12-31 cmn:TwoYearsAgoMember 26454484 2019-12-31 cmn:ThreeYearsAgoMember 26454484 2018-12-31 cmn:FourYearsAgoMember 26454484 2022-12-31 26454484 2021-12-31 26454484 2022-01-01 fsa:ContributedCapitalMember 26454484 2022-01-01 fsa:RetainedEarningsMember 26454484 2022-12-31 fsa:ContributedCapitalMember 26454484 2022-12-31 fsa:RetainedEarningsMember 26454484 2022-01-01 fsa:FixturesFittingsToolsAndEquipmentMember 26454484 2022-12-31 fsa:FixturesFittingsToolsAndEquipmentMember 26454484 2022-01-01 fsa:DepositsLongtermInvestmentsAndReceivablesMember 26454484 2022-12-31 fsa:DepositsLongtermInvestmentsAndReceivablesMember 26454484 2022-01-01 2022-12-31 26454484 2022-01-01 2022-12-31 1 26454484 2022-01-01 2022-12-31 memberOfBoardIdentifier_executive_board_1 26454484 2022-01-01 2022-12-31 memberOfBoardIdentifier_board_of_director_1 26454484 2022-01-01 2022-12-31 memberOfBoardIdentifier_board_of_director_2 26454484 2022-01-01 2022-12-31 memberOfBoardIdentifier_board_of_director_3 26454484 2020-01-01 2020-12-31 cmn:TwoYearsAgoMember 26454484 2019-01-01 2019-12-31 cmn:ThreeYearsAgoMember 26454484 2018-01-01 2018-12-31 cmn:FourYearsAgoMember 26454484 2021-01-01 2021-12-31 26454484 2022-01-01 2022-12-31 fsa:RetainedEarningsMember 26454484 2021-01-01 2021-12-31 fsa:RetainedEarningsMember 26454484 2022-01-01 2022-12-31 fsa:ContributedCapitalMember 26454484 2022-01-01 2022-12-31 fsa:RetainedEarningsMember 26454484 2022-01-01 2022-12-31 fsa:FixturesFittingsToolsAndEquipmentMember 26454484 2022-01-01 2022-12-31 fsa:DepositsLongtermInvestmentsAndReceivablesMember iso4217:DKK pure Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2022-01-01 2021-01-01 2022-12-31 2021-12-31 26454484 Easy Park A/S Jægersborg Alle , 16,3 2920 Charlottenlund Gentofte www.easypark.dk PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Strandvejen 44 2900 Hellerup Denmark 39 45 39 45 koebenhavn@pwc.dk 2023-03-17 Cameron Denis Clayton Regnskabsklasse C, mellemstor virksomhed Revisionspåtegning The Executive Board and Board of Directors have today considered and adopted the Financial Statements of Easy Park A/S for the financial year 1 January - 31 December 2022. The Annual Report is prepared in accordance with the Danish Financial Statements Act. 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. 2023-03-17 Charlottenlund Bernd Reul Manager Cameron Denis Clayton Chairman Bernd Reul Lena Birgitta Möllerstedt To the shareholder of Easy Park A/S Opinion In our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2022 and of the results of the Company´s operations for the financial year 1 January - 31 December 2022 in accordance with the Danish Financial Statements Act. We have audited the Financial Statements of Easy Park A/S for the financial year 1 January - 31 December 2022, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies (”the Financial Statements”). Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the ”Auditor’s responsibilities for the audit of the Financial Statements” section of our report. We are independent of the Company in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 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 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. Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements 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 these Financial Statements. As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company´s internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management. Conclude on the appropriateness of Management’s use of the going concern basis of accounting in preparing the Financial Statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company´s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern. Evaluate the overall presentation, structure and contents of the Financial Statements, including the disclosures, and whether the Financial Statements represent the underlying transactions and events in a manner that gives a true and fair view. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Management is responsible for Management’s Review. Our opinion on the Financial Statements does not cover Management’s Review, and we do not express any form of assurance conclusion thereon. In connection with our audit of the Financial Statements, our responsibility is to read Management’s Review and, in doing so, consider whether Management’s Review is materially inconsistent with the Financial Statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether Management’s Review provides the information required under the Danish Financial Statements Act. Based on the work we have performed, in our view, 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 in Management’s Review. Hellerup 2023-03-17 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Flemming Eghoff State Authorised Public Accountant mne30221 49592000 57746000 39484000 25655000 36146000 18039000 -73000 48000 65000 21352000 28232000 14104000 76094000 54742000 26511000 134816000 109580000 93772000 486000 -1445000 1040000 35 39 38 3.8 5.9 20.5 33.0 19.2 45.1 48.4 56.4 50.0 28.3 6.8 12.3 32.6 69.5 106.4 EasyPark A/S er et datterselskab af EasyPark Group AS med base i København. Selskabet udvikler, markedsfører og sælger mobile parkeringstjenester og andre mobile tjenester. Derudover er der etableret et forretningsområde med drift af digitale parkeringslicenssystemer, mobil parkering giver bilister mulighed for at starte og afslutte en parkering via en app eller med et mobilopkald. I løbet af 2021 har virksomheden blandt andet udviklet og lanceret en række nye tjenester i appen rettet mod både private og erhvervskunder som f.eks. support af Apple CarPlay. Ud over nye tjenester har virksomheden også på en god måde udvidet sin distribution til at omfatte flere byer og parkeringsoperatører, herunder områder med automatisk kameraparkering som er i stærk vækst. I løbet af 2021 har Covid-19 ligesom i 2020 påvirket bilistenes parkeringsmønstre, dels i form af forskellige volumener, men også i en ændret parkeringsadfærd. Dog i mindre grad end i 2020. Forventningen til 2021 var et resultat på niveau med 2020 men resultatet for 2021 endte med at være dårligere end forventet. Virksomheden har begrænset valutaeksponering, da omkostningerne er i lokal valuta. Virksomheden foretager en vurdering af, at risikoen er begrænset, og at der ikke er behov for afdækning. Easy Park A/S har lån mellem koncernvirksomheder, der resulterer i valutagevinst / -tab. Virksomhedens kreditrisiko er begrænset. For erhvervskunder finder delafregning sted ved hjælp af kreditkortselskaber, men disse kunder kan også faktureres. Mobil parkering er nu en meget accepteret service, hvor EasyPark har god national og international dækning. Easypark er en af lederne virksomheder i branchen, hvor der er store effektivitetsfordele ved at få ny teknologi, efterfulgt af den fortsatte introduktion af nye mobiltjenester. Virksomheden forventer derfor en fortsat positiv udvikling i 2022. Virksomheden har en stabil økonomisk og finansiel stilling. Resultatprognoser for året 2022 og de næste to år, der falder inden for virksomhedens forretningsplan peger på fortsat vækst og rentabilitet, herunder forventes et resultat for 2022 som er 10- 15% bedre end 2021. Virksomhedens miljøpåvirkning anses for at være meget lav både i fremtiden og for nuværende. Derudover kan det nævnes, at tjenesten i sagens natur bidrager til en reduktion miljøpåvirkning generelt, da byer på lang sigt kan reducere deres hardware i form af traditionelle p-automater til parkering, service af det samme, samt elforbrug. Også tjenester som "Find & Park" reducerer søgetrafikken i byen og reducerer dermed også bilernes udledning. Arbejdsmiljø og personaleDer har ikke været nogen kvæstelser eller ulykker på virksomhedens arbejdsplads.I løbet af det sidste regnskabsår blev der registreret et samlet sygefravær på 629 dage, hvilket udgør 7,7% af den normale arbejdstid (8.222 dage). Fravær følges op af den enkelte medarbejders personalechef. LigestillingVirksomheden sigter mod at være en arbejdsplads, hvor der er fuld lighed mellem kvinder og mænd. Af virksomhedens 46 ansatte er 22 kvinder. Der er ingen forskel i løn mellem kvinder og mænd. Arbejdstidsordninger i virksomheden følger af de forskellige stillinger og er uafhængige af køn. Key activities EasyPark A/S is a subsidiary of EasyPark Group AS based in Copenhagen. The company develops, markets and sells mobile parking services and other mobile services. In addition, a business area has been established with the operation of digital parking license systems, mobile parking allows drivers to start and end a parking via an app or with a mobile phone call.EasyPark's service provides increased convenience and saves time and costs for the driver. For the parking operators, EasyPark A/S makes it possible to offer more services and reduced costs. The service is based on a central software solution that reduces the need for parking meters.The EasyPark concept is today established in almost 20 countries in Europe. The countries share technology, brand and business models, which means big cost advantages. Development in the year The income statement of the Company for 2022 shows a profit of DKK 6,066,594, and at 31 December 2022 the balance sheet of the Company shows positive equity of DKK 92,112,296. The past year and follow-up on development expectations from last year During 2022, the company has expanded its distribution to include more cities and parking operators, including areas with automatic camera parking, which are growing strongly. During 2022, both Covid-19 and inflation have affected motorists' parking patterns, partly in the form of smaller volumes at the start of the year due to Corona and in the rest of the year due to rising fuel prices such as has resulted in changed parking behavior due to homework. There has also been a strong increase in internal costs in all functions, which all in all has resulted in the year's result being less than expected. Foreign exchange risks The company has limited currency exposure as costs are in local currency. The company makes an assessment that the risk is limited and that there is no need for hedging. Easy Park A/S has loans between group companies that result in currency gain / loss. Credit risks The company's credit risk is limited. For business customers, partial settlement takes place with the help of credit card companies, but these customers can also be invoiced. Targets and expectations for the year ahead Mobile parking is now a widely accepted service, with EasyPark having good national and international coverage. Easypark is one of the leading companies in the industry where there are great efficiency gains from getting new technology, followed by the continued introduction of new mobile services. The company therefore expects continued positive development in 2023 for revenue but also rising costs. The company has a stable economic and financial position. Profit forecasts for the year 2023 and the next two years, which fall within the company's business plan, point to continued growth and profitability, including expected results for 2023 which are in line with 2022. External environment The company's environmental impact is considered to be very low both in the future and for the present. In addition, it can be mentioned that the service inherently contributes to a reduction in environmental impact in general, as cities can in the long term reduce their hardware in the form of traditional parking meters for parking, service of the same, and electricity consumption. Services such as "Find & Park" also reduce search traffic in the city and thus also reduce car emissions. Uncertainty relating to recognition and measurement There has been no uncertainty regarding recognition and measurement in the Annual Report. Unusual events In the financial year, the company has been negatively affected by the COVID-19 outbreak and the measures taken by the Danish Government to mitigate the effects of the outbreak at the beginning of 2022, as well as rising inflation. Subsequent events No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. 28860002 33225695 20411396 22129973 663722 601817 7784884 10493905 289285 2276604 282070 1037 7792099 12769472 1725505 2817756 6066594 9951716 6066594 9951716 964338 1328261 964338 1328261 33455019 32455185 5754691 4534885 202413038 176269569 204162401 177928607 785025 330777 785025 330777 1749363 1659038 161975489 139279499 10152 0 1217687 0 202413038 176269569 500000 500000 0 61765 0 61765 26084468 19846500 0 395259 4851076 3925906 500000 500000 91612296 85545702 92112296 86045702 72878939 59914794 8235622 7738681 112050105 91821140 112050105 91821140 204162401 177928607 500000 85545702 0 6066594 500000 91612296 18606309 20118403 1411942 1461732 248399 278098 144746 271740 20411396 22129973 36 37 In 2022, remuneration to the Executive Board and Board of Directors amounted to DKK 1,385k (2021: DKK 2,008k). 663722 601817 266998 1412798 0 22327 22287 841479 1637 1037 280433 0 282070 1037 1797422 2853260 -71917 -35504 1725505 2817756 4203697 299799 4503496 2875436 663722 3539158 964338 330777 454248 785025 Deferred tax asset at 1 January -61,765 -97,269 Amounts recognised in the income statement for the year 71,917 35,504 Deferred tax asset at 31 December 10,152 -61,765 Recognition of deferred tax assets relates to temporary differences between accounting values and taxable values of assets which the Company expect to utilise in the coming financial years. Deferred income consists of payments received in respect of income in subsequent years. Rental and lease obligations Lease obligations under operating leases. Total future lease payments: Within 1 year 8,824 13,240 Between 1 and 5 years 0 8,826 8,824 22,066 Other contingent liabilities The obligation on the company's rental contract amounts to 31 December 2022 DKK 2,890k (2021: DKK 339k). The company is covered by a general joint and several liability for bank loans taken out by the group. The company is per 31 . December 2022 involved in individual lawsuits. The outcome of these is not expected to have a significant impact on the company's financial resources. Controlling interest Easy Park Group AS Easy Park AS Ultimate Parent CompanyParent Company Transactions The Company has chosen only to disclose transactions which have not been made on an arm's length basis in accordance with section 98(c)(7) of the Danish Financial Statements Act. The Company is included in the Group Annual Report of the Parent Company of the largest and smallest group: Name Place of registered office Easy Park Group AS Oslo, Norway The Group Annual Report of Easy Park Group AS may be obtained at the following address: The Annual Report of Easy Park A/S for 2022 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to medium-sized enterprises of reporting class C. The accounting policies applied remain unchanged from last year. The Financial Statements for 2022 are presented in DKK. 1 With reference to section 86(4) of the Danish Financial Statements Act and to the cash flow statement included in the consolidated financial statements of , the Company has not prepared a cash flow statement. 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. All leases are considered operating leases. Payments made under operating leases are recognised in the income statement on a straight-line basis over the lease term. Transactions in foreign currencies are translated at the exchange rates at the dates of transaction. Gains and losses 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. 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. Any differences between the exchange rates at the balance sheet date and the transaction date rates are recognised in financial income and expenses in the income statement; however, see the section on hedge accounting. Nettoomsætningen måles til det modtagne vederlag og indregnes eksklusive moms og med fradrag af rabatter i forbindelse med salget. SalgsomkostningerSalgsomkostninger indeholder det forbrug af direkte omkostninger, der er anvendt for at opnå virksomhedens nettoomsætning. Services are recognised at the rate of completion of the service, which means that revenue equals the selling price of the service completed for the year. Revenue is measured at the consideration received and is recognised exclusive of VAT and net of discounts relating to sales. Direct expenses primarily include operating expenses for the year, which is consumed to achieve revenue for the year. Andre eksterne omkostninger indeholder omfatter omkostninger vedrørende virksomhedens primære aktivitet, der er afholdt i årets løb, herunder omkostninger til salg, reklame, administration, lokaler, tab på debitorer m.v. 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 is calculated as a summary of revenue, other operating income, direct expenses and other external expenses. Staff costs include wages and salaries including compensated absence and pensions as well as other social security contributions etc. made to the entity's employees. The item is net of refunds made by public authorities. Amortisation, depreciation and impairment losses comprise depreciation and impairment of property, plant and equipment. Other operating income and other operating expenses comprise items of a secondary nature to the main activities of the Company. Financial income and expenses comprise interest, financial expenses in respect of finance leases, realised and unrealised exchange adjustments, price adjustment of securities, amortisation of mortgage loans as well as extra payments and repayment under the on-account taxation scheme. Tax for the year consists of current tax for the year and deferred tax for the year. The tax attributable to the profit for year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity. Property, plant and equipment are measured at cost less accumulated depreciation and less any accumulated impairment losses. Cost comprises the cost of acquisition and expenses directly related to the acquisition up until the time when the asset is ready for use. Depreciation based on cost reduced by any residual value is calculated on a straight-line basis over the expected useful lives of the assets, which are: Other fixtures and fittings, tools and equipment 3-5 years The fixed assets’ residual values are determined at nil. Depreciation period and residual value are reassessed annually. The carrying amounts of intangible assets and property, plant and equipment and investments are reviewed on an annual basis to determine whether there is any indication of impairment other than that expressed by amortisation and depreciation. Other fixed asset investments consist of deposits. Tilgodehavender måles i balancen til amortiseret kostpris eller en lavere nettorealisationsværdi, hvilket normalt udgør nominel værdi med fradrag af nedskrivning til imødegåelse af tab. Nedskrivninger til tab opgøres på grundlag af en individuel vurdering af de enkelte tilgodehavender samt for tilgodehavender fra salg tillige med en generel nedskrivning baseret på selskabets erfaringer fra tidligere år. 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 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. In cases where the computation of the tax base may be made according to alternative tax rules, deferred tax is measured on the basis of the intended use of the asset and settlement of the liability, respectively. 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 realised, either by elimination in tax on future earnings or by set-off against deferred tax liabilities. Deferred tax assets and liabilities are offset within the same legal tax entity. 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 for betalte acontoskatter. Tillæg og godtgørelse under acontoskatteordningen indregnes i resultatopgørelsen under finansielle poster. Current tax receivables and liabilities are recognised in the balance sheet at the amount calculated on the basis of the expected taxable income for the year adjusted for tax on taxable incomes for prior years. Tax receivables and liabilities are offset if there is a legally enforceable right of set-off and an intention to settle on a net basis or simultaneously. Debts are measured at amortised cost, substantially corresponding to nominal value. Deferred income comprises payments received in respect of income in subsequent years. Return on assets Profit before financials x 100 / Total assets at year end Solvency ratio Equity at year end x 100 / Total assets at year end Return on equity Net profit for the year x 100 / Average equity