40335501 2021-01-01 2021-12-31 40335501 2021-01-01 2021-12-31 0 40335501 2021-01-01 2021-12-31 0 40335501 2021-01-01 2021-12-31 1 40335501 2021-01-01 2021-12-31 2 40335501 2020-01-01 2020-12-31 40335501 2021-01-01 2021-12-31 fsa:RetainedEarningsMember 40335501 2020-01-01 2020-12-31 fsa:RetainedEarningsMember 40335501 2021-12-31 40335501 2020-12-31 40335501 2021-01-01 2021-12-31 0 iso4217:DKK xbrli:pure 2021-01-01 2021-12-31 Rasmus Mühlebach 2022-05-11 Hangout A/S Bygholm Søpark 21 E 8700 Horsens 87444400 www.ZITON.eu 40335501 Horsens, Danmark 2019-03-05 <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>Managment 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">Bestyrelse og direktion har dags dato behandlet og</td></tr><tr><td colspan="1">godkendt årsrapporten for regnskabsåret 1. januar -</td></tr><tr><td colspan="1">31. december 2021 for Hangout 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>Today, the board of directors and management have</td></tr><tr><td /><td>discussed and approved the Annual Report of Hangout</td></tr><tr><td /><td>A/S for the period 1 January - 31 December 2021.</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</td></tr><tr><td colspan="1">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>The Annual Report has been prepared in accordance</td></tr><tr><td /><td>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">Årsregnskabet giver efter vores opfattelse et</td></tr><tr><td colspan="1">retvisende billede af selskabets aktiver, passiver og</td></tr><tr><td colspan="1">finansielle stilling pr. 31. december 2021 samt af</td></tr><tr><td colspan="1">resultatet af selskabets aktiviteter for regnskabsåret 1.</td></tr><tr><td colspan="1">januar - 31. december 2021.</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>In our opinion, the Financial Statements give a true</td></tr><tr><td /><td>and fair view of the Company's financial position on</td></tr><tr><td /><td>31 December 2021 and of the results of the Company's</td></tr><tr><td /><td>operations for the financial year 1 January - 31</td></tr><tr><td /><td>December 2021.</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">Ledelsesberetningen indeholder efter vores opfattelse</td></tr><tr><td colspan="1">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>In our opinion, the Management's Review includes a</td></tr><tr><td /><td>fair view of the matters dealt with in the 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</td></tr><tr><td colspan="1">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>We recommend that the Annual Report be approved at</td></tr><tr><td /><td>the annual general meeting.</td></tr></table> Horsens Horsens 2022-05-11 <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 /><td>INDEPENDENT AUDITOR’S REPORT</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Til kapitalejerne i Hangout 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>To the shareholders of Hangout 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 Hangout A/S for</td></tr><tr><td colspan="1">regnskabsåret 1. januar - 31. december 2021, der</td></tr><tr><td colspan="1">omfatter resultatopgørelse, balance, noter og anvendt</td></tr><tr><td colspan="1">regnskabspraksis. Årsregnskabet udarbejdes efter</td></tr><tr><td colspan="1">årsregnskabsloven.</td></tr><tr><td colspan="1">Det er vores opfattelse, at årsregnskabet giver et</td></tr><tr><td colspan="1">retvisende billede af selskabets aktiver, passiver og</td></tr><tr><td colspan="1">finansielle stilling pr. 31. december 2021 samt af</td></tr><tr><td colspan="1">resultatet af selskabets aktiviteter for regnskabsåret 1.</td></tr><tr><td colspan="1">januar - 31. december 2021 overensstemmelse med</td></tr><tr><td colspan="1">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>Opinion</td></tr><tr><td /><td>We have audited the financial statements of Hangout</td></tr><tr><td /><td>A/S for the financial year 1 January - 31 December</td></tr><tr><td /><td>2021 which comprise an income statement, balance</td></tr><tr><td /><td>sheet, notes and summary of significant accounting</td></tr><tr><td /><td>policies. The financial statements are prepared in</td></tr><tr><td /><td>accordance with the Danish Financial Statements Act.</td></tr><tr><td /><td>In our opinion, the financial statements give a true</td></tr><tr><td /><td>and fair view of the 's financial position at 31</td></tr><tr><td /><td>December 2021 and of the results of the company</td></tr><tr><td /><td>operations for the financial year 1 January - 31</td></tr><tr><td /><td>December 2021 in accordance with the Danish</td></tr><tr><td /><td>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</td></tr><tr><td colspan="1">internationale standarder om revision og de yderligere</td></tr><tr><td colspan="1">krav, der er gældende i Danmark. Vores ansvar ifølge</td></tr><tr><td colspan="1">disse standarder og krav er nærmere beskrevet i</td></tr><tr><td colspan="1">revisionspåtegningens afsnit ”Revisors ansvar for</td></tr><tr><td colspan="1">revisionen af årsregnskabet”. Vi er uafhængige af</td></tr><tr><td colspan="1">selskabet i overensstemmelse med International</td></tr><tr><td colspan="1">Ethics Standards Board for Accountants’</td></tr><tr><td colspan="1">internationale retningslinjer for revisorers etiske</td></tr><tr><td colspan="1">adfærd (IESBA Code) og de yderligere etiske krav,</td></tr><tr><td colspan="1">der er gældende i Danmark, ligesom vi har opfyldt</td></tr><tr><td colspan="1">vores øvrige etiske forpligtelser i henhold til disse</td></tr><tr><td colspan="1">krav og IESBA Code. Det er vores opfattelse, at det</td></tr><tr><td colspan="1">opnåede revisionsbevis er tilstrækkeligt og egnet som</td></tr><tr><td colspan="1">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>Basis for Opinion</td></tr><tr><td /><td>We have performed our audit in accordance with</td></tr><tr><td /><td>international standards on auditing and the additional</td></tr><tr><td /><td>requirements that apply in Denmark. Our</td></tr><tr><td /><td>responsibilities in accordance with these standards</td></tr><tr><td /><td>and requirements are described in more detail in the</td></tr><tr><td /><td>auditor's section 'Auditor's responsibility for the audit</td></tr><tr><td /><td>of the financial statements'. We are independent of the</td></tr><tr><td /><td>company in accordance with the International Ethics</td></tr><tr><td /><td>Standards Board for Accountants 'international</td></tr><tr><td /><td>guidelines for auditors' ethical conduct (IESBA Code)</td></tr><tr><td /><td>and the additional ethical requirements that apply in</td></tr><tr><td /><td>Denmark, just as we have fulfilled our other ethical</td></tr><tr><td /><td>obligations under these requirements. and the IESBA</td></tr><tr><td /><td>Code. We are of the opinion that the audit evidence we</td></tr><tr><td /><td>have obtained is sufficient and appropriate to provide</td></tr><tr><td /><td>a basis for our audit opinion.</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</td></tr><tr><td colspan="1">årsregnskab, der giver et retvisende billede i</td></tr><tr><td colspan="1">overensstemmelse med årsregnskabsloven. Ledelsen</td></tr><tr><td colspan="1">har endvidere ansvaret for den interne kontrol, som</td></tr><tr><td colspan="1">ledelsen anser for nødvendig for at udarbejde et</td></tr><tr><td colspan="1">årsregnskab uden væsentlig fejlinformation, uanset</td></tr><tr><td colspan="1">om denne skyldes besvigelser eller fejl.</td></tr><tr><td colspan="1">Ved udarbejdelsen af årsregnskabet er ledelsen</td></tr><tr><td colspan="1">ansvarlig for at vurdere selskabets evne til at fortsætte</td></tr><tr><td colspan="1">driften; at oplyse om forhold vedrørende fortsat drift,</td></tr><tr><td colspan="1">hvor dette er relevant; samt at udarbejde</td></tr><tr><td colspan="1">årsregnskabet på grundlag af regnskabsprincippet om</td></tr><tr><td colspan="1">fortsat drift, medmindre ledelsen enten har til hensigt</td></tr><tr><td colspan="1">at likvidere selskabet, indstille driften eller ikke har</td></tr><tr><td colspan="1">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>Management’s Responsibilities for the Financial Statements</td></tr><tr><td /><td>Management is responsible for the preparation of</td></tr><tr><td /><td>Financial Statements that give a true and fair view in</td></tr><tr><td /><td>accordance with the Danish Financial Statements Act,</td></tr><tr><td /><td>and for such internal control as Management</td></tr><tr><td /><td>determines is necessary to enable the preparation of</td></tr><tr><td /><td>Financial Statements that are free from material</td></tr><tr><td /><td>misstatement, whether due to fraud or error.</td></tr><tr><td /><td>In preparing the Financial Statements, Management is</td></tr><tr><td /><td>responsible for assessing the Company’s ability to</td></tr><tr><td /><td>continue as a going concern, disclosing, as applicable,</td></tr><tr><td /><td>matters related to going concern and using the going</td></tr><tr><td /><td>concern basis of accounting in preparing the</td></tr><tr><td /><td>Financial Statements unless Management either</td></tr><tr><td /><td>intends to liquidate the Company or to cease</td></tr><tr><td /><td>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</td></tr><tr><td colspan="1">årsregnskabet som helhed er uden væsentlig</td></tr><tr><td colspan="1">fejlinformation, uanset om denne skyldes besvigelser</td></tr><tr><td colspan="1">eller fejl, og at afgive en revisionspåtegning med en</td></tr><tr><td colspan="1">konklusion. Høj grad af sikkerhed er et højt niveau af</td></tr><tr><td colspan="1">sikkerhed, men er ikke en garanti for, at en revision,</td></tr><tr><td colspan="1">der udføres i overensstemmelse med internationale</td></tr><tr><td colspan="1">standarder om revision og de yderligere krav, der er</td></tr><tr><td colspan="1">gældende i Danmark, altid vil afdække væsentlig</td></tr><tr><td colspan="1">fejlinformation, når sådan findes. Fejlinformationer</td></tr><tr><td colspan="1">kan opstå som følge af besvigelser eller fejl og kan</td></tr><tr><td colspan="1">betragtes som væsentlige, hvis det med rimelighed</td></tr><tr><td colspan="1">kan forventes, at de enkeltvis eller samlet har</td></tr><tr><td colspan="1">indflydelse på de økonomiske beslutninger, som</td></tr><tr><td colspan="1">regnskabsbrugerne træffer på grundlag af</td></tr><tr><td colspan="1">årsregnskabet.</td></tr><tr><td colspan="1">Som led i den revision, der udføres i overenstemmelse</td></tr><tr><td colspan="1">med internationale standarder om revision og de</td></tr><tr><td colspan="1">yderligere krav, der er gældende i Danmark, foretager</td></tr><tr><td colspan="1">vi faglige vurderinger og opretholder professionel</td></tr><tr><td colspan="1">skepsis under revisionen. Herudover</td></tr><tr><td colspan="1">• Identificerer og vurderer vi risikoen for væsentlig</td></tr><tr><td colspan="1">fejlinformation i årsregnskabet, uanset om denne</td></tr><tr><td colspan="1">skyldes besvigelser eller fejl, udformer og udfører</td></tr><tr><td colspan="1">revisionshandlinger som reaktion på disse risici samt</td></tr><tr><td colspan="1">opnår revisionsbevis, der er tilstrækkeligt og egnet til</td></tr><tr><td colspan="1">at danne grundlag for vores konklusion. Risikoen for</td></tr><tr><td colspan="1">ikke at opdage væsentlig fejlinformation forårsaget af</td></tr><tr><td colspan="1">besvigelser er højere end ved væsentlig</td></tr><tr><td colspan="1">fejlinformation forårsaget af fejl, idet besvigelser kan</td></tr><tr><td colspan="1">omfatte sammensværgelser, dokumentfalsk, bevidste</td></tr><tr><td colspan="1">udeladelser, vildledning eller tilsidesættelse af intern</td></tr><tr><td colspan="1">kontrol.</td></tr><tr><td colspan="1">• Opnår vi forståelse af den interne kontrol med</td></tr><tr><td colspan="1">relevans for revisionen for at kunne udforme</td></tr><tr><td colspan="1">revisionshandlinger, der er passende efter</td></tr><tr><td colspan="1">omstændighederne, men ikke for at kunne udtrykke en</td></tr><tr><td colspan="1">konklusion om effektiviteten af selskabets interne</td></tr><tr><td colspan="1">kontrol.</td></tr><tr><td colspan="1">• Tager vi stilling til, om den regnskabspraksis, som</td></tr><tr><td colspan="1">er anvendt af ledelsen, er passende, samt om de</td></tr><tr><td colspan="1">regnskabsmæssige skøn og tilknyttede oplysninger,</td></tr><tr><td colspan="1">som ledelsen har udarbejdet, er rimelige.</td></tr><tr><td colspan="1">• Konkluderer vi, om ledelsens udarbejdelse af</td></tr><tr><td colspan="1">årsregnskabet på grundlag af regnskabsprincippet om</td></tr><tr><td colspan="1">fortsat drift er passende, samt om der på grundlag af</td></tr><tr><td colspan="1">det opnåede revisionsbevis er væsentlig usikkerhed</td></tr><tr><td colspan="1">forbundet med begivenheder eller forhold, der kan</td></tr><tr><td colspan="1">skabe betydelig tvivl om selskabets evne til at</td></tr><tr><td colspan="1">fortsætte driften. Hvis vi konkluderer, at der er en</td></tr><tr><td colspan="1">væsentlig usikkerhed, skal vi i vores</td></tr><tr><td colspan="1">revisionspåtegning gøre opmærksom på oplysninger</td></tr><tr><td colspan="1">herom i årsregnskabet eller, hvis sådanne oplysninger</td></tr><tr><td colspan="1">ikke er tilstrækkelige, modificere vores konklusion.</td></tr><tr><td colspan="1">Vores konklusioner er baseret på det revisionsbevis,</td></tr><tr><td colspan="1">der er opnået frem til datoen for vores</td></tr><tr><td colspan="1">revisionspåtegning. Fremtidige begivenheder eller</td></tr><tr><td colspan="1">forhold kan dog medføre, at selskabet ikke længere</td></tr><tr><td colspan="1">kan fortsætte driften.</td></tr><tr><td colspan="1">• Tager vi stilling til den samlede præsentation,</td></tr><tr><td colspan="1">struktur og indhold af årsregnskabet, herunder</td></tr><tr><td colspan="1">noteoplysningerne, samt om årsregnskabet afspejler</td></tr><tr><td colspan="1">de underliggende transaktioner og begivenheder på en</td></tr><tr><td colspan="1">sådan måde, at der gives et retvisende billede heraf.</td></tr><tr><td colspan="1">Vi kommunikerer med ledelsen om blandt andet det</td></tr><tr><td colspan="1">planlagte omfang og den tidsmæssige placering af</td></tr><tr><td colspan="1">revisionen samt betydelige revisionsmæssige</td></tr><tr><td colspan="1">observationer, herunder eventuelle betydelige mangler</td></tr><tr><td colspan="1">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>Auditor’s Responsibilities for the Financial</td></tr><tr><td /><td>Statements</td></tr><tr><td /><td>Our objectives are to obtain reasonable assurance</td></tr><tr><td /><td>about whether the Financial Statements as a whole</td></tr><tr><td /><td>are free from material misstatement, whether due to</td></tr><tr><td /><td>fraud or error, and to issue an auditor’s report that</td></tr><tr><td /><td>includes our opinion. Reasonable assurance is a high</td></tr><tr><td /><td>level of assurance, but is not a guarantee that an audit</td></tr><tr><td /><td>conducted in accordance with ISAs and the additional</td></tr><tr><td /><td>requirements applicable in Denmark will always</td></tr><tr><td /><td>detect a material misstatement when it exists.</td></tr><tr><td /><td>Misstatements can arise from fraud or error and are</td></tr><tr><td /><td>considered material if, individually or in the</td></tr><tr><td /><td>aggregate, they could reasonably be expected to</td></tr><tr><td /><td>influence the economic decisions of users taken on the</td></tr><tr><td /><td>basis of these Financial Statements.</td></tr><tr><td /><td>As part of an audit conducted in accordance with ISAs</td></tr><tr><td /><td>and the additional requirements applicable in</td></tr><tr><td /><td>Denmark, we exercise professional judgment and</td></tr><tr><td /><td>maintain professional skepticism throughout the audit.</td></tr><tr><td /><td>We also</td></tr><tr><td /><td>• Identify and assess the risks of material misstatement</td></tr><tr><td /><td>of the Financial Statements, whether due to fraud or</td></tr><tr><td /><td>error, design and perform audit procedures responsive</td></tr><tr><td /><td>to those risks, and obtain audit evidence that is</td></tr><tr><td /><td>sufficient and appropriate to provide a basis for our</td></tr><tr><td /><td>opinion. The risk of not detecting a material</td></tr><tr><td /><td>misstatement resulting from fraud is higher than for</td></tr><tr><td /><td>one resulting from error as fraud may involve</td></tr><tr><td /><td>collusion, forgery, intentional omissions,</td></tr><tr><td /><td>misrepresentations, or the override of internal control.</td></tr><tr><td /><td>• Obtain an understanding of internal control relevant</td></tr><tr><td /><td>to the audit in order to design audit procedures that</td></tr><tr><td /><td>are appropriate in the circumstances, but not for the</td></tr><tr><td /><td>purpose of expressing an opinion on the effectiveness</td></tr><tr><td /><td>of the Company’s internal control.</td></tr><tr><td /><td>• Evaluate the appropriateness of accounting policies</td></tr><tr><td /><td>used and the reasonableness of accounting estimates</td></tr><tr><td /><td>and related disclosures made by Management.</td></tr><tr><td /><td>• Conclude on the appropriateness of Management’s</td></tr><tr><td /><td>use of the going concern basis of accounting in</td></tr><tr><td /><td>preparing the Financial Statements and, based on the</td></tr><tr><td /><td>audit evidence obtained, whether a material</td></tr><tr><td /><td>uncertainty exists related to events or conditions that</td></tr><tr><td /><td>may cast significant doubt on the Company’s ability to</td></tr><tr><td /><td>continue as a going concern. If we conclude that a</td></tr><tr><td /><td>material uncertainty exists, we are required to draw</td></tr><tr><td /><td>attention in our auditor’s report to the related</td></tr><tr><td /><td>disclosures in the Financial Statements or, if such</td></tr><tr><td /><td>disclosures are inadequate, to modify our opinion.</td></tr><tr><td /><td>Our conclusions are based on the audit evidence</td></tr><tr><td /><td>obtained up to the date of our auditor’s report.</td></tr><tr><td /><td>However, future events or conditions may cause the</td></tr><tr><td /><td>Company to cease to continue as a going concern.</td></tr><tr><td /><td>• Evaluate the overall presentation, structure and</td></tr><tr><td /><td>contents of the Financial Statements, including the</td></tr><tr><td /><td>disclosures, and whether the Financial Statements</td></tr><tr><td /><td>represent the underlying transactions and events in a</td></tr><tr><td /><td>manner that gives a true and fair view.</td></tr><tr><td /><td>We communicate with those charged with governance</td></tr><tr><td /><td>regarding, among other matters, the planned scope</td></tr><tr><td /><td>and timing of the audit and significant audit findings,</td></tr><tr><td /><td>including any significant deficiencies in internal</td></tr><tr><td /><td>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</td></tr><tr><td colspan="1">ledelsesberetningen, og vi udtrykker ingen form for</td></tr><tr><td colspan="1">konklusion med sikkerhed om ledelsesberetningen.</td></tr><tr><td colspan="1">I tilknytning til vores revision af årsregnskabet er det</td></tr><tr><td colspan="1">vores ansvar at læse ledelsesberetningen og i den</td></tr><tr><td colspan="1">forbindelse overveje, om ledelsesberetningen er</td></tr><tr><td colspan="1">væsentligt inkonsistent med årsregnskabet eller vores</td></tr><tr><td colspan="1">viden opnået ved revisionen eller på anden måde</td></tr><tr><td colspan="1">synes at indeholde væsentlig fejlinformation.</td></tr><tr><td colspan="1">Vores ansvar er derudover at overveje, om</td></tr><tr><td colspan="1">ledelsesberetningen indeholder krævede oplysninger i</td></tr><tr><td colspan="1">henhold til årsregnskabsloven.</td></tr><tr><td colspan="1">Baseret på det udførte arbejde er det vores opfattelse,</td></tr><tr><td colspan="1">at ledelsesberetningen er i overensstemmelse med</td></tr><tr><td colspan="1">årsregnskabet og er udarbejdet i overensstemmelse</td></tr><tr><td colspan="1">med årsregnskabslovens krav. Vi har ikke fundet</td></tr><tr><td colspan="1">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>Statement on Management’s Review</td></tr><tr><td /><td>Management is responsible for Management’s Review.</td></tr><tr><td /><td>Our opinion on the Financial Statements does not</td></tr><tr><td /><td>cover Management’s Review, and we do not express</td></tr><tr><td /><td>any form of assurance conclusion thereon.</td></tr><tr><td /><td>In connection with our audit of the Financial</td></tr><tr><td /><td>Statements, our responsibility is to read</td></tr><tr><td /><td>Management’s Review and, in doing so, consider</td></tr><tr><td /><td>whether Management’s Review is materially</td></tr><tr><td /><td>inconsistent with the Financial Statements or our</td></tr><tr><td /><td>knowledge obtained during the audit, or otherwise</td></tr><tr><td /><td>appears to be materially misstated.</td></tr><tr><td /><td>Moreover, it is our responsibility to consider whether</td></tr><tr><td /><td>Management’s Review provides the information</td></tr><tr><td /><td>required under the Danish Financial Statements Act.</td></tr><tr><td /><td>Based on the work we have performed, we conclude</td></tr><tr><td /><td>that Management’s Review is in accordance with the</td></tr><tr><td /><td>Financial Statements and has been prepared in</td></tr><tr><td /><td>accordance with the requirements of the Danish</td></tr><tr><td /><td>Financial Statements Act. We did not identify any</td></tr><tr><td /><td>material misstatement of Management’s Review.</td></tr></table> Hobro 2022-05-11 <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> <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 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">Væsentligste aktiviteter</td></tr><tr><td colspan="1">Selskabets væsentligste aktivitet er at udvikle, eje og</td></tr><tr><td colspan="1">drive et eller flere platforme til service og</td></tr><tr><td colspan="1">reparationsarbejde på vindmøller vinger både onshore</td></tr><tr><td colspan="1">og offshore samt enhver aktivitet, der efter</td></tr><tr><td colspan="1">bestyrelsens skøn står i forbindelse hermed.</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>Principal activities</td></tr><tr><td /><td>The Company's principal activity is to develop, own</td></tr><tr><td /><td>and operate one or more platforms to service and</td></tr><tr><td /><td>repair wings on windmills both onshore and offshore</td></tr><tr><td /><td>as well as other activities estimated applicable by the</td></tr><tr><td /><td>board of directors related .</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">Udvikling i aktiviteter og økonomiske forhold</td></tr><tr><td colspan="1">HangOut er en arbejdsplatform som hejses af en kran</td></tr><tr><td colspan="1">med det formål at udføre komplekse reparation af den</td></tr><tr><td colspan="1">yderste ende og forkanten på vindmølle vinger.</td></tr><tr><td colspan="1">Løsningen er CE certificeret, godkendt af DNV og</td></tr><tr><td colspan="1">patentanmeldt i EU og Kina. HangOut er en avanceret</td></tr><tr><td colspan="1">arbejdsplatform med avancerede tekniske</td></tr><tr><td colspan="1">installations. HangOut hejses fra dækket på en jack-</td></tr><tr><td colspan="1">up og bliver koblet på vingen og fastholdt på vingen</td></tr><tr><td colspan="1">ved hjælp af vakuum sugekopper, selve vingen bliver</td></tr><tr><td colspan="1">ikke belastet af egenvægten fra Hangout. Hangout</td></tr><tr><td colspan="1">indeholder alt det udstyr som påkræves for at</td></tr><tr><td colspan="1">gennemføre vingereparationer og den giver et sikkert</td></tr><tr><td colspan="1">og beskyttet arbejdsområde for vinge teknikere inkl.</td></tr><tr><td colspan="1">arbejdsbænk, PPE og værktøjsopbevaring, spine</td></tr><tr><td colspan="1">boards , skærme, skraldespande, kompressorer, et</td></tr><tr><td colspan="1">udluftningssystem, højtryksrensere, ildslukkere, en</td></tr><tr><td colspan="1">redningsluge og et redningssystem af mærket Act-</td></tr><tr><td colspan="1">Safe.</td></tr><tr><td colspan="1">Ydermere er HangOut operativ under hårdere</td></tr><tr><td colspan="1">vejrforhold end vingereparationer udført via reb</td></tr><tr><td colspan="1">løsning eller platformsløsninger kan håndtere, da det</td></tr><tr><td colspan="1">er muligt at skabe den optimale luftfugtigheds- og</td></tr><tr><td colspan="1">temperatur forhold samt et bedre og sikre arbejdsmiljø</td></tr><tr><td colspan="1">for vingereparation. På denne måde giver HangOut</td></tr><tr><td colspan="1">betydeligt flere arbejdsdage om året, hvilket reducerer</td></tr><tr><td colspan="1">omkostningerne og forøge hastigheden på</td></tr><tr><td colspan="1">gennemførelse af kampagner med større reparationer</td></tr><tr><td colspan="1">og erosion af forkanten på vingerne. Samtidig giver</td></tr><tr><td colspan="1">det også mulighed for at udføre reparationer af langt</td></tr><tr><td colspan="1">højere kvalitet og kompleksitet under de</td></tr><tr><td colspan="1">fabrikslignende forhold.</td></tr><tr><td colspan="1">Platformen er færdigudviklet og testet på landmøller.</td></tr><tr><td colspan="1">Der blev ikke genereret omsætning i 2021, men</td></tr><tr><td colspan="1">selskabets ledelse og ejerselskaberne har arbejdet med</td></tr><tr><td colspan="1">salgsopsøgende arbejde og har haft drøftelser med</td></tr><tr><td colspan="1">potentielle kunder om projekter, hvor HangOut</td></tr><tr><td colspan="1">løsningen er særligt fordelagtig sammenlignet med</td></tr><tr><td colspan="1">alternative løsninger. Ledelsen forventer at indgå i</td></tr><tr><td colspan="1">endelige kontraktforhandlinger i løbet af 2022 for</td></tr><tr><td colspan="1">ordrer, der skal udføres i løbet af 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>Development in activities and financial position</td></tr><tr><td /><td>HangOut is a crane-supported work platform used for</td></tr><tr><td /><td>complex repair of the tip and the leading edge of a</td></tr><tr><td /><td>blade. The solution is CE certified, approved by DNV</td></tr><tr><td /><td>and patent pending in EU and China. It is an</td></tr><tr><td /><td>advanced platform with refined technical installations,</td></tr><tr><td /><td>which is raised from the deck of the jack-up and</td></tr><tr><td /><td>lowered over the tip of the blade using vacuum suction</td></tr><tr><td /><td>cups. The HangOut contains all the necessary</td></tr><tr><td /><td>equipment to make the repairs, and it provides a safe</td></tr><tr><td /><td>and protected working zone for blade technicians,</td></tr><tr><td /><td>including a work bench, PPE and tools storage, spine</td></tr><tr><td /><td>boards, monitors, bins, compressors, an exhaust</td></tr><tr><td /><td>system, high-pressure cleaners, fire extinguishers, a</td></tr><tr><td /><td>rescue hatch and an act-safe rescue system.</td></tr><tr><td /><td>Furthermore, it is operational in harsher weather</td></tr><tr><td /><td>conditions than tolerated for basic blade repair</td></tr><tr><td /><td>performed using rope or other platform solutions,</td></tr><tr><td /><td>since it is possible to create the perfect humidity and</td></tr><tr><td /><td>temperature, and thus the perfect work environment</td></tr><tr><td /><td>for blade repair. This way, HangOut provides</td></tr><tr><td /><td>significantly more working days per year reducing</td></tr><tr><td /><td>costs and speeding up large-scale repair and leading-</td></tr><tr><td /><td>edge erosion campaigns significantly. At the same</td></tr><tr><td /><td>time, it also offers the opportunity to conduct repairs</td></tr><tr><td /><td>of much higher quality in the factory-like conditions</td></tr><tr><td /><td>and of higher complexity.</td></tr><tr><td /><td>The platform has been completely developed and</td></tr><tr><td /><td>tested on onshore turbines. No revenue was generated</td></tr><tr><td /><td>during 2021, but the company’s management and</td></tr><tr><td /><td>shareholders has initiated business development and</td></tr><tr><td /><td>has had discussions with potential customers about</td></tr><tr><td /><td>projects where the HangOut solution is attractive</td></tr><tr><td /><td>compared to alternative solutions. Management</td></tr><tr><td /><td>expects to enter into final contract negotiations during</td></tr><tr><td /><td>2022 for orders to be executed during 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">Betydningsfulde hændelser efter 31. december 2021</td></tr><tr><td colspan="1">Der er ikke sket hændelser efter statusdagen, som har</td></tr><tr><td colspan="1">indflydelse på 2021 regnskabet.</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>Significant events after 31 December 2021</td></tr><tr><td /><td>No significant events has been identified after the</td></tr><tr><td /><td>balance sheet date, which could affect the 2021</td></tr><tr><td /><td>annual report.</td></tr></table> -160000 282000 -441000 1000 -442000 -97000 -345000 <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" >Egenkapitalopgørelse</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Statement of change in equity</td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >DKK'000</td><td width="16%" colspan="1" align="right" valign="middle" >Selskabs</td><td width="16%" colspan="1" align="right" valign="middle" >Overført</td><td width="19%" colspan="1" align="right" valign="middle" ></td></tr><tr><td width="49%" ></td><td width="16%" colspan="1" align="right" valign="middle" >kapital</td><td width="16%" colspan="1" align="right" valign="middle" >resultat</td><td width="19%" colspan="1" align="right" valign="middle" ></td></tr><tr><td width="49%" ></td><td width="16%" colspan="1" align="right" valign="middle" >share</td><td width="16%" colspan="1" align="right" valign="middle" >Retatined</td><td width="19%" colspan="1" align="right" valign="middle" >I alt</td></tr><tr><td width="49%" ></td><td width="16%" colspan="1" align="right" valign="middle" >capital</td><td width="16%" colspan="1" align="right" valign="middle" >earnings</td><td width="19%" colspan="1" align="right" valign="middle" >Total</td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >Engekapital 1. januar 2021</td><td width="16%" align="right" valign="middle" >574</td><td width="16%" align="right" valign="middle" >3.692</td><td width="19%" align="right" valign="middle" >4.265</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Equity 1 January 2021</td></tr><tr><td colspan="4"></td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >Årets resultat</td><td width="16%" align="right" valign="middle" >0</td><td width="16%" align="right" valign="middle" >-345</td><td width="19%" align="right" valign="middle" >-345</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Profit of the year</td></tr><tr><td colspan="4"></td></tr><tr><td width="49%" colspan="1" align="left" valign="middle" >Egenkapital 31. december 2021</td><td width="16%" align="right" valign="middle" >574</td><td width="16%" align="right" valign="middle" >3.347</td><td width="19%" align="right" valign="middle" >3.920</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Equity 31 December 2021</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" >Noter</td></tr><tr><td colspan="4"></td></tr><tr><td width="14%" ></td><td width="43%" colspan="1" align="left" valign="middle" >Finansielle omkostninger</td><td width="28%" align="right" valign="middle" >2021</td><td width="15%" align="right" valign="middle" >2020</td></tr><tr><td width="14%" ></td><td width="43%" colspan="1" align="left" valign="middle" >Financial expenses</td><td width="28%" colspan="1" align="right" valign="middle" >DKK´000</td><td width="15%" colspan="1" align="right" valign="middle" >DKK´000</td></tr><tr><td width="14%" ></td><td width="43%" ></td><td width="28%" align="right" valign="middle" >1</td><td width="15%" colspan="1" align="right" valign="middle" >-</td></tr><tr><td width="14%" ></td><td width="86%" colspan="3" align="left" valign="middle" >Andre finansielle omkostninger</td></tr><tr><td width="14%" ></td><td width="43%" colspan="1" align="left" valign="middle" >Other financial expenses</td><td width="28%" align="right" valign="middle" >1</td><td width="15%" colspan="1" align="right" valign="middle" >-</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="50%" colspan="1" align="left" valign="middle" >Skat af årets resultat</td><td width="33%" align="right" valign="middle" >2021</td><td width="17%" align="right" valign="middle" >2020</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Tax on profit for the year</td><td width="33%" colspan="1" align="right" valign="middle" >DKK´000</td><td width="17%" colspan="1" align="right" valign="middle" >DKK´000</td></tr><tr><td colspan="3"></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Årets aktuelle skat</td><td width="33%" align="right" valign="middle" >97</td><td width="17%" align="right" valign="middle" >27</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Income tax for the year</td></tr><tr><td width="50%" ></td><td width="33%" align="right" valign="middle" >97</td><td width="17%" align="right" valign="middle" >27</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="2" align="left" valign="middle" >Immaterielle aktiver</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Intangible assets</td><td width="40%" colspan="1" align="right" valign="middle" >I alt</td></tr><tr><td width="60%" ></td><td width="40%" colspan="1" align="right" valign="middle" >Total</td></tr><tr><td width="60%" ></td><td width="40%" colspan="1" align="right" valign="middle" >DKK´000</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Kostpris 1. januar 2021</td><td width="40%" align="right" valign="middle" >350</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Cost 1 January 2021</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Kostpris 31. december 2021</td><td width="40%" align="right" valign="middle" >350</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Cost 31 December 2021</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Afskrivninger 1. januar 2021</td><td width="40%" colspan="1" align="right" valign="middle" >-</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Depreciation 1 January 2021</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Årets afskrivninger</td><td width="40%" align="right" valign="middle" >23</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Depreciation during the year</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Afskrivninger 31. december 2021</td><td width="40%" align="right" valign="middle" >23</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Depreciation 31 December 2021</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Regnskabsmæssig værdi 31. december 2021</td><td width="40%" align="right" valign="middle" >327</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Carrying amount at 31 December 2021</td></tr><tr><td colspan="2"></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="60%" colspan="1" align="left" valign="middle" >Materielle aktiver</td><td width="40%" colspan="1" align="right" valign="middle" >I alt</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Tangible fixed assets</td><td width="40%" colspan="1" align="right" valign="middle" >Total</td></tr><tr><td width="60%" ></td><td width="40%" colspan="1" align="right" valign="middle" >DKK´000</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Kostpris 1. januar 2021</td><td width="40%" align="right" valign="middle" >3874</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Cost 1 January 2021</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Kostpris 31. december 2021</td><td width="40%" align="right" valign="middle" >3874</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Cost 31 December 2021</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Afskrivninger 1. januar 2021</td><td width="40%" colspan="1" align="right" valign="middle" >-</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Depreciation 1 January 2021</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Årets afskrivninger</td><td width="40%" align="right" valign="middle" >258</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Depreciation during the year</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Afskrivninger 31. december 2021</td><td width="40%" align="right" valign="middle" >258</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Depreciation 31 December 2021</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Regnskabsmæssig værdi 31. december 2021</td><td width="40%" align="right" valign="middle" >3616</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Carrying amount at 31 December 2021</td></tr><tr><td colspan="2"></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" >Eventualposter og øvrige økonomiske forpligtelser</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Contingencies, etc.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Selskabet hæfter solidarisk sammen med moderselskabet og de øvrige selskaber i den</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >sambeskattede koncern for skat af koncernens sambeskattede indkomst og for visse eventuelle</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >kildeskatter, som udbytteskat og royaltyskat, samt for fællesregistrering af moms. Eventuel</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >skyldig skat af koncernens sambeskattede indkomst fremgår af årsrapporten for Anpartsselskabet</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >af 1. december 2011, der er administrationsselskab for sambeskatningen.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The company is jointly taxed with the parent company and its other subsidiaries in the joint</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >taxed group. Anpartsselskabet af 1. december 2011 is the administration company for the jointly</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >taxed companies. The current Danish corporation tax is allocated between the jointly taxed</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >companies in proportion to their taxable income.</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="2" align="left" valign="middle" >Nærtstående parter og ejerforhold</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Related parties and ownership</td></tr><tr><td width="60%" ></td><td width="40%" colspan="1" align="right" valign="middle" >Grundlag</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Bestemmende indflydelse</td><td width="40%" colspan="1" align="right" valign="middle" >Basis</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Controlling interest</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >ZITON A/S, Bygholm Søpark 21 E, 8700 Horsens</td><td width="40%" colspan="1" align="right" valign="middle" >Hovedaktionær</td></tr><tr><td width="60%" ></td><td width="40%" colspan="1" align="right" valign="middle" >Majority shareholder</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Årsregnskab for 2020 indgår i koncernregnskabet for ZITON A/S (Hjemsted: Horsens, Danmark)</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >og i koncernregnskabet for Anpartsselskabet af 1. december 2011 (Hjemsted: Fredensborg,</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Danmark).</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Parent financial statements for 2020 is consolidated in the financial statements of ZITON A/S</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >(registered office: Horsens, Denmark) and in the financial statements of Anpartsselskabet af 1.</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >december 2011 (registered office: Fredensborg, Denmark).</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Øvrige nærtstående parter</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Other related parties</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Hangout A/S' nærtstående parter med betydelig indflydelse omfatter søster- og</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >modervirksomheder samt selskabernes bestyrelse, direktion og ledende medarbejdere samt disse</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >personers relaterede familiemedlemmer. Nærtstående parter omfatter endvidere selskaber, hvori</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >førnævnte personkreds har væsentlige interesser.</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Hangout A/S' related parties with significant influence consist of sister and parent companies as well as</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >the companies' boards of directors and executive officers and their family members. Related parties also</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >include companies, in which the above persons have significant interests.</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Transaktioner med nærtstående parter</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Transactions with related parties</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Hangout A/S har ikke haft væsentlige transaktioner, der ikke er indgået på markedsmæssige vilkår.</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Hangout A/S has had no material transactions, that are not made on market terms.</td></tr><tr><td colspan="2"></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" >Medarbejderforhold</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Employment</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Antal beskæftigede i 2021 er i gennemsnit 1</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Number of employeed in 2021 is in average 1</td></tr></table> Regnskabsklasse B <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 rengskabspraksis</td></tr><tr><td colspan="1">Årsrapporten for Hangout A/S for 2021 er aflagt i</td></tr><tr><td colspan="1">overensstemmelse med den danske årsregnskabslovs</td></tr><tr><td colspan="1">bestemmelser for virksomheder i regnskabsklasse B.</td></tr><tr><td colspan="1">med enkelte tilvalg fra regnskabsklasse C.</td></tr><tr><td colspan="1">Årsrapporten er udarbejdet efter samme</td></tr><tr><td colspan="1">regnskabspraksis som sidste år.</td></tr><tr><td colspan="1">Årsregnskab for 2021 er aflagt i TDKK.</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>Accounting Policies</td></tr><tr><td /><td /><td /><td>The annual report of Hangout A/S for 2021 has been</td></tr><tr><td /><td /><td /><td>presented in accordance with the provisions of the</td></tr><tr><td /><td /><td /><td>Danish Financial Statements Act for enterprises in</td></tr><tr><td /><td /><td /><td>accounting class Bwith some additions from accounting</td></tr><tr><td /><td /><td /><td>class C</td></tr><tr><td /><td /><td /><td>The annual report is prepared consistently with the</td></tr><tr><td /><td /><td /><td>accounting principles used last year.</td></tr><tr><td /><td /><td /><td>Parent financial statements for 2021 is presented in</td></tr><tr><td /><td /><td /><td>TDKK.</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">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>INCOME STATEMENT</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Nettoomsætning</td></tr><tr><td colspan="1">Nettoomsætningen udgøres af udført arbejde og</td></tr><tr><td colspan="1">indregnes i resultatopgørelsen, såfremt levering og</td></tr><tr><td colspan="1">risikoovergang til køber har fundet sted inden årets</td></tr><tr><td colspan="1">udgang. Nettoomsætning indregnes eksklusiv moms,</td></tr><tr><td colspan="1">afgifter og med fradrag af rabatter i forbindelse med</td></tr><tr><td colspan="1">salget.</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>Net revenue</td></tr><tr><td /><td /><td /><td>The net revenue from preformed work is recognised in</td></tr><tr><td /><td /><td /><td>the income statement, if supply and risk transfer to</td></tr><tr><td /><td /><td /><td>purchaser has taken place before the end of the year.</td></tr><tr><td /><td /><td /><td>Net revenues is recognised exclusive of VAT, duties</td></tr><tr><td /><td /><td /><td>and less discounts related to the sale</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">Vareforbrug</td></tr><tr><td colspan="1">Vareforbrug omfatter omkostninger, der afholdes for</td></tr><tr><td colspan="1">at opnå årets nettoomsætning. Herunder indgår</td></tr><tr><td colspan="1">direkte og indirekte omkostninger til råvarer og</td></tr><tr><td colspan="1">hjælpemateriale</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>Cost of sales</td></tr><tr><td /><td /><td /><td>Cost of sales comprise costs incurred to achieve the</td></tr><tr><td /><td /><td /><td>net revenue for the year, including direct and indirect</td></tr><tr><td /><td /><td /><td>costs of raw materials and consumables.</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</td></tr><tr><td colspan="1">til distribution, salg, reklame, administration, lokaler,</td></tr><tr><td colspan="1">tab på debitorer mv.</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 costs</td></tr><tr><td /><td /><td /><td>Other external costs include costs retating to</td></tr><tr><td /><td /><td /><td>distribution, sale, advertising, administration,</td></tr><tr><td /><td /><td /><td>premises, loss on bad debts and similar expenses.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Finansielle indtægter og omkostninger</td></tr><tr><td colspan="1">Finansielle indtægter og omkostninger indeholder</td></tr><tr><td colspan="1">renteindtægter og -omkostninger, finansielle</td></tr><tr><td colspan="1">omkostninger ved finansiel leasing, realiserede og</td></tr><tr><td colspan="1">urealiserede kursgevinster og -tab vedrørende</td></tr><tr><td colspan="1">værdipapirer, gæld og transaktioner i fremmed valuta,</td></tr><tr><td colspan="1">amortisering af finansielle aktiver og forpligtelser</td></tr><tr><td colspan="1">samt tillæg og godtgørelse under</td></tr><tr><td colspan="1">acontoskatteordningen mv. Finansielle indtægter og</td></tr><tr><td colspan="1">omkostninger indregnes med de beløb, der vedrører</td></tr><tr><td colspan="1">regnskabsåret.</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 in general</td></tr><tr><td /><td /><td /><td>Financial income and expenses include interest</td></tr><tr><td /><td /><td /><td>income and expenses, financial expenses of finance</td></tr><tr><td /><td /><td /><td>Leases, realised and unrealised gains and losses</td></tr><tr><td /><td /><td /><td>arising from investments in financial assets, debt and</td></tr><tr><td /><td /><td /><td>transactions in foreign currencies, amortisation of</td></tr><tr><td /><td /><td /><td>financial assets and liabilities as well as charges and</td></tr><tr><td /><td /><td /><td>allowances under the tax-an-account scheme etc.</td></tr><tr><td /><td /><td /><td>FinanciaL income and expenses are recognised in the</td></tr><tr><td /><td /><td /><td>income statement by the amounts that relate to the</td></tr><tr><td /><td /><td /><td>financial year.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Skat</td></tr><tr><td colspan="1">Årets skat, som består af årets aktuelle skat og</td></tr><tr><td colspan="1">forskydning i udskudt skat, indregnes i</td></tr><tr><td colspan="1">resultatopgørelsen med den del, der kan henføres til</td></tr><tr><td colspan="1">årets resultat, og direkte på egenkapitalen med den</td></tr><tr><td colspan="1">del, der kan henføres til posteringer direkte på</td></tr><tr><td colspan="1">egenkapitalen.</td></tr><tr><td colspan="1">Selskabet er sambeskattet med koncernforbundne</td></tr><tr><td colspan="1">danske selskaber. Den aktuelle danske selskabsskat</td></tr><tr><td colspan="1">fordeles mellem de sambeskattede danske selskaber i</td></tr><tr><td colspan="1">forhold til disses skattepligtige indkomst, og med fuld</td></tr><tr><td colspan="1">fordeling med refusion vedrørende skattemæssige</td></tr><tr><td colspan="1">underskud. De sambeskattede selskaber indgår i</td></tr><tr><td colspan="1">acontoskatteordning.</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>The tax for the year, which consists of the current tax</td></tr><tr><td /><td /><td /><td>for the year and changes in deferred tax, is</td></tr><tr><td /><td /><td /><td>recognised in the income statement by the portion,</td></tr><tr><td /><td /><td /><td>that can be attributed to the profit for the year, and is</td></tr><tr><td /><td /><td /><td>recognised directly in the equity by the portion, that</td></tr><tr><td /><td /><td /><td>can be attributed to entries directly to the equity.</td></tr><tr><td /><td /><td /><td>The company is jointly taxed with wholly owned</td></tr><tr><td /><td /><td /><td>Danish and foreign subsidiary enterprises. The</td></tr><tr><td /><td /><td /><td>current Danish corporation tax is distributed between</td></tr><tr><td /><td /><td /><td>the jointly taxed Danish companies in proportion to</td></tr><tr><td /><td /><td /><td>their taxable income, and with full distribution with</td></tr><tr><td /><td /><td /><td>refund regarding taxable losses. The jointly taxed</td></tr><tr><td /><td /><td /><td>companies are included in the tax-an-account scheme.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">BALANCEN</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></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="3">Patentrettigheder</td></tr><tr><td colspan="3">Immaterielle aktiever, som patenter, måles til kostpris</td></tr><tr><td colspan="3">med fradrag af akkumulerede af- og nedskrivninger</td></tr><tr><td colspan="3">Afskrivningsgrundlaget er kostpris med fradrag af den</td></tr><tr><td colspan="3">skønnede restværdi efter afsluttet brugstid.</td></tr><tr><td colspan="3">Kostprisen omfatter anskaffelsesprisen, omkostninger</td></tr><tr><td colspan="3">direkte tilknyttet anskaffelsen indtil det tidspunkt,</td></tr><tr><td colspan="3">hvor aktivet er klar til at blive taget i brug.</td></tr><tr><td colspan="3">Der foretages lineære afskrivninger baseret på</td></tr><tr><td colspan="3">aktivernes forventede brugstider og restværdi.</td></tr><tr><td /><td>Brugstid</td><td>Restværdi</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>Patentrettigheder</td><td>15 år</td><td>0%</td></tr><tr><td colspan="3">Fortjeneste eller tab ved afhændelse af imaterielle</td></tr><tr><td colspan="3">anlægsaktiver opgøres som forskellen mellem</td></tr><tr><td colspan="3">salgspris med fradrag af salgsomkostninger og den</td></tr><tr><td colspan="3">regnskabsmæssige værdi på salgstidspunktet.</td></tr><tr><td colspan="3">Fortjeneste eller tab indregnes i resultatopgørelsen</td></tr><tr><td colspan="3">under andre driftsindtægter eller andre</td></tr><tr><td colspan="3">driftsomkostninger.</td></tr><tr><td colspan="3">Nedskrivning af immaterielle aktiver</td></tr><tr><td colspan="3">Aktiver indregnes i balancen, når det er sandsynligt, at</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>Patent rights</td></tr><tr><td /><td /><td /><td>Intangible assets such as Patent rights are measured</td></tr><tr><td /><td /><td /><td>at cost less accumulated depreciation and writedowns.</td></tr><tr><td /><td /><td /><td>The depreciation base is cost less estimated residual</td></tr><tr><td /><td /><td /><td>value after end of useful life.</td></tr><tr><td /><td /><td /><td>The cost includes the acquisition price, costs</td></tr><tr><td /><td /><td /><td>incurreddirectly in connection with the acquisition</td></tr><tr><td /><td /><td /><td>until the time, when the asset is ready to be used.</td></tr><tr><td /><td /><td /><td>Straight-line depreciation is provided on the basis of</td></tr><tr><td /><td /><td /><td>an assessment of the expected useful lives of the assets</td></tr><tr><td /><td /><td /><td>and their residual value.</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>Patent rights</td><td>Useful</td><td>Residual</td></tr><tr><td /><td /><td /><td>Profit or loss on disposal of intangible assets is stated</td><td>15 years</td><td>0%</td></tr><tr><td /><td /><td /><td>as the difference between the sales price less selling</td></tr><tr><td /><td /><td /><td>costs and the carrying amount at the time of sale.</td></tr><tr><td /><td /><td /><td>Profit or loss is recognised in the income statement as</td></tr><tr><td /><td /><td /><td>other operating income or other operating expenses.</td></tr><tr><td /><td /><td /><td>Writedown on intangible assets</td></tr><tr><td /><td /><td /><td>The carrying amount of intangible assets is reviewed</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">Driftsmateriel</td></tr><tr><td colspan="1">Driftsmateriel måles til kostpris med fradrag af</td></tr><tr><td colspan="1">akkumulerede af- og nedskrivninger</td></tr><tr><td colspan="1">Afskrivningsgrundlaget er kostpris med fradrag af den</td></tr><tr><td colspan="1">skønnede restværdi efter afsluttet brugstid</td></tr><tr><td colspan="1">Kostprisen omfatter anskaffelsesprisen, omkostninger</td></tr><tr><td colspan="1">direkte tilknyttet anskaffelsen indtil det tidspunkt,</td></tr><tr><td colspan="1">hvor aktivet er klar til at blive taget i brug samt</td></tr><tr><td colspan="1">renteomkostninger. For egenfremstillede aktiver</td></tr><tr><td colspan="1">omfatter kostprisen omkostninger til materialer,</td></tr><tr><td colspan="1">komponenter, underleverandører, direkte lønforbrug</td></tr><tr><td colspan="1">samt indirekte produktionsomkostninger.</td></tr><tr><td colspan="1">Der foretages lineære afskrivninger baseret på</td></tr><tr><td colspan="1">aktivernes forventede brugstider og restværdi.</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>Driftsmateriel</td><td>Brugstid</td><td>Restværdi</td></tr><tr><td /><td>15 år</td><td>0%</td></tr><tr><td colspan="3">Fortjeneste eller tab ved afhændelse af materielle</td></tr><tr><td colspan="3">anlægsaktiver opgøres som forskellen mellem</td></tr><tr><td colspan="3">salgspris med fradrag af salgsomkostninger og den</td></tr><tr><td colspan="3">regnskabsmæssige værdi på salgstidspunktet.</td></tr><tr><td colspan="3">Fortjeneste eller tab indregnes i resultatopgørelsen</td></tr><tr><td colspan="3">under andre driftsindtægter eller andre</td></tr><tr><td colspan="3">driftsomkostninger.</td></tr><tr><td colspan="3">Nedskrivning af materielle anlægsaktiver</td></tr><tr><td colspan="3">Aktiver indregnes i balancen, når det er sandsynligt, at</td></tr><tr><td colspan="3">fremtidige økonomiske fordele vil tilflyde selskabet,</td></tr><tr><td colspan="3">og aktivets værdi kan måles pålideligt.</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>Fixtures and equipment</td></tr><tr><td /><td /><td /><td>Fixtures and equipment are measured at cost less</td></tr><tr><td /><td /><td /><td>accumulated depreciation and writedowns</td></tr><tr><td /><td /><td /><td>The depreciation base is cost less estimated residual</td></tr><tr><td /><td /><td /><td>value after end of useful life.</td></tr><tr><td /><td /><td /><td>The cost includes the acquisition price, costs</td></tr><tr><td /><td /><td /><td>incurreddirectly in connection with the acquisition</td></tr><tr><td /><td /><td /><td>until the time, when the asset is ready to be used and</td></tr><tr><td /><td /><td /><td>interest expenses. As regards selfmanufactured assets,</td></tr><tr><td /><td /><td /><td>the cost price includes cost of materials,</td></tr><tr><td /><td /><td /><td>components,subcontractors, direct payroll and</td></tr><tr><td /><td /><td /><td>indirect production costs</td></tr><tr><td /><td /><td /><td>Straight-line depreciation is provided on the basis of</td></tr><tr><td /><td /><td /><td>an assessment of the expected useful lives of the assets</td></tr><tr><td /><td /><td /><td>and their residual value.</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>Fixtures and equipment</td><td>Useful</td><td>Residual</td></tr><tr><td /><td /><td /><td /><td>15 years</td><td>0%</td></tr><tr><td /><td /><td /><td>Profit or loss on disposal of tangible fixed assets is</td></tr><tr><td /><td /><td /><td>stated as the difference between the sales price less</td></tr><tr><td /><td /><td /><td>selling costs and the carrying amount at the time of</td></tr><tr><td /><td /><td /><td>sale. Profit or loss is recognised in the income</td></tr><tr><td /><td /><td /><td>statement as other operating income or other</td></tr><tr><td /><td /><td /><td>operating expenses.</td></tr><tr><td /><td /><td /><td>Writedown on tangible assets</td></tr><tr><td /><td /><td /><td>The carrying amount of tangible fixed assets is</td></tr><tr><td /><td /><td /><td>reviewed annually to determine, if there is any</td></tr><tr><td /><td /><td /><td>indication of impairment in excess of the amount</td></tr><tr><td /><td /><td /><td>reflected by normal amortisation or depreciation. I</td></tr><tr><td /><td /><td /><td>this is the case, write-down should be made to the</td></tr><tr><td /><td /><td /><td>lower 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">Tilgodehavende</td></tr><tr><td colspan="1">Tilgodehavender måles til amortiseret kostpris,</td></tr><tr><td colspan="1">hvilket sædvanligvis svarer til nominel værdi.</td></tr><tr><td colspan="1">Værdien reduceres med nedskrivning til imødegåelse</td></tr><tr><td colspan="1">af forventede 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>Accounts receivable</td></tr><tr><td /><td /><td /><td>Accounts receivable are measured at amortised cost</td></tr><tr><td /><td /><td /><td>which usually corresponds to nominal value. The</td></tr><tr><td /><td /><td /><td>value is reduced by write-down to meet expected</td></tr><tr><td /><td /><td /><td>losses.</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">Skyldig skat og udskudt skat</td></tr><tr><td colspan="1">Aktuelle skatteforpligtelser og tilgodehavende aktuel</td></tr><tr><td colspan="1">skat indregnes i balancen som beregnet skat af årets</td></tr><tr><td colspan="1">skattepligtige indkomst reguleret for skat af tidligere</td></tr><tr><td colspan="1">års skattepligtige indkomster samt for betalte</td></tr><tr><td colspan="1">acontoskatter.</td></tr><tr><td colspan="1">Udskudt skat måles af midlertidige forskelle mellem</td></tr><tr><td colspan="1">regnskabsmæssig og skattemæssig værdi af aktiver og</td></tr><tr><td colspan="1">forpligtelser.</td></tr><tr><td colspan="1">Udskudte skatteaktiver, herunder skatteværdien af</td></tr><tr><td colspan="1">fremførselsberettiget skattemæssigt underskud, måles</td></tr><tr><td colspan="1">til den værdi, hvortil aktivet forventes at kunne</td></tr><tr><td colspan="1">realiseres, enten ved udligning i skat af fremtidig</td></tr><tr><td colspan="1">indtjening, eller ved modregning i udskudte</td></tr><tr><td colspan="1">skatteforpligtelser inden for samme juridiske</td></tr><tr><td colspan="1">skatteenhed.</td></tr><tr><td colspan="1">Udskudt skat måles på grundlag af de skatteregler og</td></tr><tr><td colspan="1">skattesatser, der med balancedagens lovgivning vil</td></tr><tr><td colspan="1">være gældende, når den udskudte skat forventes</td></tr><tr><td colspan="1">udløst som aktuel skat. For indeværende år er anvendt</td></tr><tr><td colspan="1">en skattesats på 22 %.</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 payable and deferred tax</td></tr><tr><td /><td /><td /><td>Deferred tax is measured on the basis of the tax rules</td></tr><tr><td /><td /><td /><td>and tax rates the legislation in force on the</td></tr><tr><td /><td /><td /><td>balance sheet date would be applicable, when the</td></tr><tr><td /><td /><td /><td>deferred tax is expected to crystallise as current tax.</td></tr><tr><td /><td /><td /><td>The tax rate applied for the current year is 22 %.</td></tr><tr><td /><td /><td /><td>Deferred tax is measured on the temporary</td></tr><tr><td /><td /><td /><td>differences betwen the carryying amount and the tax</td></tr><tr><td /><td /><td /><td>value of assets and liabilities.</td></tr><tr><td /><td /><td /><td>Deferred tax assets, including the tax value of tax loss</td></tr><tr><td /><td /><td /><td>carry-forwards, are measured at the expected</td></tr><tr><td /><td /><td /><td>realisable value of the asset, either by set-off against</td></tr><tr><td /><td /><td /><td>tax on future earnings or by setoff against deferred tax</td></tr><tr><td /><td /><td /><td>liabilities within the same legal tax unit.</td></tr><tr><td /><td /><td /><td>Current tax liabilities and receivable current tax</td></tr><tr><td /><td /><td /><td>arerecognised in the balance sheet as the calculated</td></tr><tr><td /><td /><td /><td>tax one the taxable income for the year adjusted for tax</td></tr><tr><td /><td /><td /><td>on the taxable income for previous years and taxes</td></tr><tr><td /><td /><td /><td>paid on account.</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">Gældsforpligtelser</td></tr><tr><td colspan="1">Finansielle forpligtelser indregnes ved låneoptagelse</td></tr><tr><td colspan="1">til det modtagne provenu efter fradrag af afholdte</td></tr><tr><td colspan="1">låneomkostninger. I efterfølgende perioder måles de</td></tr><tr><td colspan="1">finansielle forpligtelser til amortiseret kostpris</td></tr><tr><td colspan="1">svarende til den kapitaliserede værdi ved anvendelse</td></tr><tr><td colspan="1">af den effektive rente, således at forskellen mellem</td></tr><tr><td colspan="1">provenuet og den nominelle værdi indregnes i</td></tr><tr><td colspan="1">resultatopgørelsen over låneperioden.</td></tr><tr><td colspan="1">Amortiseret kostpris for kortfristede forpligtigelser</td></tr><tr><td colspan="1">svarer til nominel værdi.</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>Liabilities</td></tr><tr><td /><td /><td /><td>Financial liabilities are recognised at the time of</td></tr><tr><td /><td /><td /><td>borrowing by the amount of proceeds received less</td></tr><tr><td /><td /><td /><td>borrowing costs. In subsequent periods, the financial</td></tr><tr><td /><td /><td /><td>liabilities are measured at amortised cost equal to the</td></tr><tr><td /><td /><td /><td>capitalised value when using the effective interest, the</td></tr><tr><td /><td /><td /><td>difference between the proceeds and the nominal</td></tr><tr><td /><td /><td /><td>value being recognised in the income statement over</td></tr><tr><td /><td /><td /><td>the term of loan.</td></tr><tr><td /><td /><td /><td>Amortised cost equal to nominal value.</td></tr></table> Årsrapport 24620417 Ziton A/S Bygholm Søpark 21 E 8700 Horsens xWizard version 1.1.1125.0, by EasyX Aps. www.easyx.eu 2020-01-01 2020-12-31 Revisionspåtegning Grundlag for konklusion Konklusion 1 Jens Nygaard Laursen Thorsten Henrik Jalk formand John Hjort Rasmus Mühlebach -147000 0 -147000 0 -147000 -27000 -120000 -345000 -120000 327000 327000 3616000 3616000 3942000 15000 119000 0 17000 48000 199000 4141000 574000 3346000 3920000 90000 27000 105000 221000 221000 4141000 350000 350000 3874000 3874000 4224000 0 25000 27000 88000 46000 186000 4410000 574000 3692000 4265000 60000 25000 60000 145000 145000 4410000 BDO Statsautoriseret revisionsaktieselskab 20222670 Claus Muhlig Statsautoriseret revisor mne26711