364243032023-10-012024-09-30364243032023-10-012024-09-301364243032023-10-012024-09-302364243032023-10-012024-09-301364243032023-10-012024-09-302364243032023-10-012024-09-303364243032023-10-012024-09-301364243032024-09-30364243032023-09-30fsa:ContributedCapitalMember364243032023-09-30fsa:SharePremiumMember364243032023-09-30fsa:ReserveForDevelopmentExpenditureMember364243032023-09-30fsa:RetainedEarningsMember364243032023-09-30364243032023-10-012024-09-30fsa:ContributedCapitalMember364243032023-10-012024-09-30fsa:SharePremiumMember364243032023-10-012024-09-30fsa:ReserveForDevelopmentExpenditureMember364243032023-10-012024-09-30fsa:RetainedEarningsMember364243032024-09-30fsa:ContributedCapitalMember364243032024-09-30fsa:SharePremiumMember364243032024-09-30fsa:ReserveForDevelopmentExpenditureMember364243032024-09-30fsa:RetainedEarningsMember364243032023-10-012024-09-30fsa:OtherShorttermPayablesMember364243032022-10-012023-09-30iso4217:DKKxbrli:pureThe Board of Directors and the Executive Board have today considered and approved the annual report of Dripdrop ApS for the financial year 01.10.2023 - 30.09.2024.63067722398259The annual report is presented in accordance with the Danish Financial Statements Act.52407772038906In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 30.09.2024 and of the results of its operations for the financial year 01.10.2023 - 30.09.2024.36944961829724We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.-2628501-1470371We recommend the annual report for adoption at the Annual General Meeting.1095820584446Aarhus C-3724321-2054817Olof Mattias Edström0206909Andreas Malmberg Søgaard-3724321-2261726Eva Jonassen-3724321-2261726Thomas GleerupBo Wase17933922490690To the shareholders of Dripdrop ApS1401400We have performed an extended review of the financial statements of Dripdrop ApS for the ​financial year 01.10.2023 - 30.09.2024, which comprise the income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. ​Based on our extended review, in our opinion, the financial statements give a true and fair view of the Entity’s ​financial position at 30.09.2024 and of the results of its operations for the financial year 01.10.2023 - 30.09.2024 in accordance with the Danish Financial Statements Act.19335322490690We conducted our extended review in accordance with the assurance engagement standard for small enterprises as issued by the Danish Business Authority and the standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act as issued by FSR - Danish Auditors. Our responsibilities under those standards and requirements are further described in the ”Auditor’s responsibilities for the extended review of the financial statements” section. We are independent of the Entity in accordance with the International Ethics Standards Board for Accountants’ 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 evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.87467174012142Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, Management is responsible for assessing the Entity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting unless Management either intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so.40843972004108Our responsibility is to express a conclusion on the financial statements. This requires that we plan and ​perform procedures to obtain limited assurance about our conclusion on the financial statements and that ​we also perform specifically required supplementary procedures for the purpose of obtaining additional assurance about our conclusion.​​An extended review consists of making inquiries, primarily of Management and, if appropriate, of other entity ​personnel, performing analytical and the specifically required supplementary procedures as well as evaluating ​the evidence obtained.​​The procedures performed in an extended review are less in scope than in an audit, and accordingly we do ​not express an audit opinion on the financial statements.12831114601625020770499125Management is responsible for the management commentary. Our conclusion on the financial statements does not cover the management commentary, and we do not express any form of assurance conclusion thereon. In connection with our extended review of the financial statements our responsibility is to read the management commentary and, in doing so, consider whether the management commentary is materially inconsistent with the financial statements or our knowledge obtained in the extended review or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether the management commentary provides the information required by relevant law and regulations.Based on the work we have performed, we conclude that the management commentary is in accordance with financial statements and has been prepared in accordance with the requirements in the relevant law and regulations. We did not identify any material misstatement of the management commentary.20770499125149723508606065Aarhus C2110211800135Jonas Thøstesen Svensson604339375568mne478244113000State Authorised Public Accountant31258501175703Primary activitiesThe company's main activities consist of developing, designing, distributing, and renting out umbrellas, as well as improving urban life and creating the world's best cities in rainy weather.32495983561895Research and development activitiesDevelopment projects related to Dripdrop Hotels. Dripdrop Hotels is a development project focused on creating a new version and technology for an umbrella holder for hotels, building on a previous version of the same product. At a high level, the goal is to design a product that seamlessly enables the rental of sustainable umbrellas to hotel guests and other target groups - initially in Europe and eventually in larger parts of the world. On a more technical level, it is a complex development project incorporating advanced elements of mechanics, electronics, IoT, and contactless payment technology. Development projects in progress include new development of stands for the American market, including new IoT and an interface oriented towards the American market. For all projects, it is our assessment that the recognition criteria are met. Management has assessed that there is no need for impairment. 63754484737598Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.2134779813343663This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class B enterprises with addition of a few provisions for reporting class C.The accounting policies applied to these financial statements are consistent with those applied last year.9601489785Material errors in previous yearsIn the current financial statements, corrections have been made to rectify material errors identified in prior period. These adjustments relate to incorrect revenue recognition due to misallocation across reporting periods, improper recognition of deferred tax assets, and incorrect classification of development projects that were classified as development projects in progress last year. The changes have been applied retrospectively, and therefore, comparative figures have been adjusted. These adjustments have had the following impact on the 2022/23 figures: Profit before tax: DKK (1.394.485) Current tax for the year: DKK (374.035) Equity: DKK (1.595.074 ) Total assets: DKK (582.148) Comparative figures have been adjusted to reflect the misstatement from last year. Apart from the aforementioned areas, the annual report has been prepared in accordance with the same accounting policies as the previous years.14877661942738Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Entity, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the value of the liability can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item. Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement. Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year.45898612389727Gross profit or lossGross profit or loss comprises revenue, changes in inventories of finished goods and work in progress, own work capitalised, other operating income, cost of raw materials and consumables and external expenses.61736414422250RevenueRevenue from the sale of manufactured goods and goods for resale is recognised in the income statement when delivery is made and risk has passed to the buyer. Revenue from the sale of services is recognised in the income statement when delivery is made to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.47735016064659Own work capitalisedOwn work capitalised comprises staff costs and other costs incurred in the financial year and recognised in cost for proprietary intangible assets and property, plant and equipment.47735016064659Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary activities, including profit from the sale of intangible assets and property, plant and equipment, and salary refunds.18031750Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for normal inventory writedowns.10547171221Costs of raw materials and consumablesCosts of raw materials and consumables comprise the consumption of raw materials and consumables for the financial year after adjustment for changes in inventories of these goods from the beginning to the end of the year. This item includes shrinkage, if any, and normal writedowns of the relevant inventories.989817899251Other external expensesOther external expenses include expenses relating to the Entity’s normal activities, including expenses for premises, stationery and office supplies, marketing costs, etc. This item also includes writedowns of receivables recognised in current assets.810000Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc . for entity staff.2617476735243Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses relating to property, plant and equipment and intangible assets comprise depreciation, amortisation and impairment losses for the financial year.38544711221039Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group enterprises, net capital or exchange losses on securities, payables and transactions in foreign currencies, amortisation of financial liabilities, and tax surcharge under the Danish Tax Prepayment Scheme etc.104006562856754Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the ​income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity.1517415789214132134779813343663Intellectual property rights etc.Intellectual property rights etc. comprise development projects completed and in progress with related intellectual property rights, acquired intellectual property rights and prepayments for intangible assets.Development projects on clearly defined and identifiable products and processes, for which the technical rate of utilisation, adequate resources and a potential future market or development opportunity in the enterprise can be established, and where the intention is to manufacture, market or apply the product or process in question, are recognised as intangible assets. Other development costs are recognised as costs in the income statement as incurred. When recognising development projects as intangible assets, an amount equalling the costs incurred less deferred tax is taken to equity in the reserve for development costs that is reduced as the development projects are amortised and written down. ​ ​The cost of development projects comprises costs such as salaries and amortisation that are directly and indirectly attributable to the development projects. ​Completed development projects are amortised on a straight-line basis using their estimated useful lives which are determined based on a specific assessment of each development project. If the useful life cannot be estimated reliably, it is fixed at 10 years. For development projects protected by intellectual property rights, the maximum period of amortisation is the remaining duration of the relevant rights. The amortisation periods used are 5 years. ​ ​Intellectual property rights etc. are written down to the lower of recoverable amount and carrying amount.897855Property, plant and equipmentLand and buildings, plant and machinery, and other fixtures and fittings, tools and equipment are ​measured at cost less accumulated depreciation and impairment losses. Land is not depreciated.​​Cost comprises the acquisition price, costs directly attributable to the acquisition and preparation costs of the asset until the time when it is ready to be put into operation. For self-constructed assets, cost comprises direct and indirect costs of materials, components, subsuppliers and labour costs. For assets held under finance leases, cost is the lower of the asset’s fair value and present value of future lease payments.​​Interest expenses on loans for the financing of the manufacture of property, plant and equipment are included in​cost if they relate to the manufacturing period. All other finance costs are recognised in the income statement. ​​The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line depreciation is made on the basis of the following estimated useful lives of the assets:Useful life Other fixtures and fittings, tools and equipment1,5 - 5 yearsFor leasehold improvements and assets subject to finance leases, the depreciation period cannot exceed ​the contract period.​​Estimated useful lives and residual values are reassessed annually. ​​Items of property, plant and equipment are written down to the lower of recoverable amount and carrying ​amount.01942738ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts.3984801PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at cost.CashCash comprises bank deposits.0Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.0Deferred incomeDeferred income comprises income received for recognition in subsequent financial years. Deferred income is measured at cost.0true-1595074Grundlag for konklusion-1595074Konklusion62292025-03-2854937712025-03-280true550000033963556-54937712022-10-0154937712023-09-300Aarhus C0800024288224288City Tower, Værkmestergade0Deloitte Statsautoriseret Revisionspartnerselskab-454972Aarhus454972Aarhus C08000-3724321Regnskabsklasse BErklæring om udvidet gennemgang960142024-09-3002023-10-0114877661445898611 Staff costs2023/24 DKK2022/23 DKKWages and salaries5,127,5982,004,671Other social security costs113,17934,2355,240,7772,038,906Average number of full-time employees125Klosterport12Dripdrop ApS2 Depreciation, amortisation and impairment losses2023/24 DKK2022/23 DKKAmortisation of intangible assets697,298748,834Depreciation of property, plant and equipment2,997,1981,080,8903,694,4961,829,724364243033 Other financial expenses2023/24 DKK2022/23 DKKOther interest expenses765,959432,772Exchange rate adjustments44,81532,763Other financial expenses285,046118,9111,095,820584,446339635564 Tax on profit/loss for the year2023/24 DKK2022/23 DKKAdjustment concerning previous years0206,9090206,9092300 København S5 Intangible assetsCompleted development projects​DKKDevelopment projects in progress​DKKCost beginning of year4,167,7400Additions0140,140Cost end of year4,167,740140,140Amortisation and impairment losses beginning of year(1,677,050)0Amortisation for the year(697,298)0Amortisation and impairment losses end of year(2,374,348)0Carrying amount end of year1,793,392140,140Weidekampsgade 66 Development projectsDevelopment projects related to Dripdrop Hotels. Dripdrop Hotels is a development project focused on creating a new version and technology for an umbrella holder for hotels, building on a previous version of the same product. At a high level, the goal is to design a product that seamlessly enables the rental of sustainable umbrellas to hotel guests and other target groups - initially in Europe and eventually in larger parts of the world. On a more technical level, it is a complex development project incorporating advanced elements of mechanics, electronics, IoT, and contactless payment technology. Development projects in progress include new development of stands for the American market, including new IoT and an interface oriented towards the American market. For all projects, it is our assessment that the recognition criteria are met. Management has assessed that there is no need for impairment. Deloitte Statsautoriseret Revisionspartnerselskab7 Property, plant and equipmentOther fixtures and fittings, tools and equipment​DKKProperty, plant and equipment in progress​DKKCost beginning of year5,741,5612,004,108Transfers7,749,000(7,749,000)Additions153,7739,829,289Disposals(829,282)0Cost end of year12,815,0524,084,397Depreciation and impairment losses beginning of year(1,729,419)0Depreciation for the year(2,997,198)0Reversal regarding disposals658,2820Depreciation and impairment losses end of year(4,068,335)0Carrying amount end of year8,746,7174,084,397Årsrapport8 Financial assetsDeposits DKKCost beginning of year99,125Additions128,079Disposals(19,500)Cost end of year207,704Carrying amount end of year207,7042025-03-289 Non-current liabilities other than provisionsDue within 12 months 2023/24 DKKDue after more than 12 months 2023/24 DKKDebt to other credit institutions1,803,1754,773,5011,803,1754,773,501As of the reporting date, the company confirms that there are no outstanding debts or liabilities that are due for repayment beyond a period of five years. Søren Jørgensen10 Other payables2023/24​DKK2022/23​DKKVAT and duties866,32266,464Wages and salaries, personal income taxes, social security costs, etc. payable229,517225,230Holiday pay obligation113,82149,925Other costs payable1,407,816393,6242,617,476735,24311 Unrecognised rental and lease commitments2023/24 DKK2022/23 DKKLiabilities under rental or lease agreements until maturity in total324,07735,74012 Assets charged and collateralTo secure debt to EIFO and Danske Bank A/S, amounting to t.DKK 6.577, the company has provided a business charge of DKK 8,000 thousand. The business charge includes the following assets, whose carrying amount on the balance sheet date is: Other operating equipment and fixtures: DKK 12.831 thousand (2022/23: DKK 6.016 thousand) Trade receivables: DKK 2.110 thousand (2022/23: DKK 800 thousand) Intangible assets: DKK 1.907 thousand (2022/23: DKK 2.491 thousand)