29607427 2022-01-01 2022-12-31 29607427 2022-01-01 2022-12-31 1 29607427 2022-01-01 2022-12-31 0 29607427 2022-01-01 2022-12-31 0 29607427 2022-01-01 2022-12-31 1 29607427 2022-01-01 2022-12-31 2 29607427 2022-01-01 2022-12-31 2 29607427 2021-01-01 2021-12-31 29607427 2022-12-31 29607427 2021-12-31 iso4217:DKK Årsrapport 2023-04-03 Sami Ensio INNOFACTOR A/S Øster Allé 48 7 2100 København Ø +4795057901 linn.braathen@innofactor.com 29607427 2022-01-01 2022-12-31 EY Godkendt Revisionspartnerselskab Lysholt Allé 10 7100 Vejle DK Danmark 30700228 1014141010 <table xmlns="http://www.w3.org/1999/xhtml" border="0" cellpadding="0" cellspacing="0"> <tbody> <tr> <td colspan="6">Management's Statement on the Annual Report</td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td colspan="6">The Board of Directors and the Executive Board have today discussed and approved the Annual Report 2022 of Innofactor A/S.</td> </tr> <tr> <td colspan="6"> </td> </tr> <tr> <td colspan="6">The Annual Report was prepared in accordance with the Danish Financial Statements Act.</td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td colspan="6">In our opinion, the Financial Statements gives a true and fair view of the Company's financial position at 31 December 2022 and the results of operations for the financial year 1 January - 31 December 2022 of the Company.</td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td colspan="6">In our opinion, the Management's review gives a fair view of the matters discussed in the Management review.</td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td colspan="6">We recommend that the Annual Report be approved at the annual general meeting.</td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td colspan="6">Copenhagen, April 3 ^rd 2023</td> </tr> </tbody> </table> København 2023-04-03 Jørn Kristian Sars Ellefsen Sami Pekka Ensio Chairman of the board Vesa Matti Syrjäkari Member of the board Anni Johanna Pokkinen Member of the board Den uafhængige revisors revisionspåtegning Til kapitalejerne i INNOFACTOR A/S Konklusion Vi har revideret årsregnskabet for INNOFACTOR A/S for regnskabsåret 1. januar 2022 - 31. december 2022, der omfatter resultatopgørelse, balance og noter, herunder anvendt regnskabspraksis. Årsregnskabet udarbejdes efter årsregnskabsloven. Det er vores opfattelse, at årsregnskabet giver et retvisende billede af selskabets aktiver, passiver og finansielle stilling pr 31. december 2022 samt af resultatet af selskabets aktiviteter for regnskabsåret 1. januar 2022 - 31. december 2022 i overensstemmelse med årsregnskabsloven. Grundlag for konklusion Vi har udført vores revision i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark. Vores ansvar ifølge disse standarder og krav er nærmere beskrevet i revisionspåtegningens afsnit ”Revisors ansvar for revisionen af årsregnskabet”. Vi er uafhængige af selskabet i overensstemmelse med International Ethics Standards Board for Accountants’ internationale retningslinjer for revisorers etiske adfærd (IESBA Code) og de yderligere etiske krav, der er gældende i Danmark, ligesom vi har opfyldt vores øvrige etiske forpligtelser i henhold til disse krav og IESBA Code. Det er vores opfattelse, at det opnåede revisionsbevis er tilstrækkeligt og egnet som grundlag for vores konklusion. Ledelsen har ansvaret for udarbejdelsen af et årsregnskab, der giver et retvisende billede i overensstemmelse med årsregnskabsloven. Ledelsen har endvidere ansvaret for den interne kontrol, som ledelsen anser for nødvendig for at udarbejde et årsregnskab uden væsentlig fejlinformation, uanset om denne skyldes besvigelser eller fejl. Ved udarbejdelsen af årsregnskabet er ledelsen ansvarlig for at vurdere selskabets evne til at fortsætte driften; at oplyse om forhold vedrørende fortsat drift, hvor dette er relevant; samt at udarbejde årsregnskabet på grundlag af regnskabsprincippet om fortsat drift, medmindre ledelsen enten har til hensigt at likvidere selskabet, indstille driften eller ikke har andet realistisk alternativ end at gøre dette. Vores mål er at opnå høj grad af sikkerhed for, om årsregnskabet som helhed er uden væsentlig fejlinformation, uanset om denne skyldes besvigelser eller fejl, og at afgive en revisionspåtegning med en konklusion. Høj grad af sikkerhed er et højt niveau af sikkerhed, men er ikke en garanti for, at en revision, der udføres i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark, altid vil afdække væsentlig fejlinformation, når sådan findes. Fejlinformationer kan opstå som følge af besvigelser eller fejl og kan betragtes som væsentlige, hvis det med rimelighed kan forventes, at de enkeltvis eller samlet har indflydelse på de økonomiske beslutninger, som regnskabsbrugerne træffer på grundlag af årsregnskabet.Som led i en revision, der udføres i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark, foretager vi faglige vurderinger og opretholder professionel skepsis under revisionen. Herudover: Identificerer og vurderer vi risikoen for væsentlig fejlinformation i årsregnskabet, uanset om denne skyldes besvigelser eller fejl, udformer og udfører revisionshandlinger som reaktion på disse risici samt opnår revisionsbevis, der er tilstrækkeligt og egnet til at danne grundlag for vores konklusion. Risikoen for ikke at opdage væsentlig fejlinformation forårsaget af besvigelser er højere end ved væsentlig fejlinformation forårsaget af fejl, idet besvigelser kan omfatte sammensværgelser, dokumentfalsk, bevidste udeladelser, vildledning eller tilsidesættelse af intern kontrol. Opnår vi forståelse af den interne kontrol med relevans for revisionen for at kunne udforme revisionshandlinger, der er passende efter omstændighederne, men ikke for at kunne udtrykke en konklusion om effektiviteten af selskabets interne kontrol. Tager vi stilling til, om den regnskabspraksis, som er anvendt af ledelsen, er passende, samt om de regnskabsmæssige skøn og tilknyttede oplysninger, som ledelsen har udarbejdet, er rimelige. Konkluderer vi, om ledelsens udarbejdelse af årsregnskabet på grundlag af regnskabsprincippet om fortsat drift er passende, samt om der på grundlag af det opnåede revisionsbevis er væsentlig usikkerhed forbundet med begivenheder eller forhold, der kan skabe betydelig tvivl om selskabets evne til at fortsætte driften. Hvis vi konkluderer, at der er en væsentlig usikkerhed, skal vi i vores revisionspåtegning gøre opmærksom på oplysninger herom i årsregnskabet eller, hvis sådanne oplysninger ikke er tilstrækkelige, modificere vores konklusion. Vores konklusioner er baseret på det revisionsbevis, der er opnået frem til datoen for vores revisionspåtegning. Fremtidige begivenheder eller forhold kan dog medføre, at selskabet ikke længere kan fortsætte driften. Tager vi stilling til den samlede præsentation, struktur og indhold af årsregnskabet, herunder noteoplysningerne, samt om årsregnskabet afspejler de underliggende transaktioner og begivenheder på en sådan måde, at der gives et retvisende billede heraf. Vi kommunikerer med den øverste ledelse om blandt andet det planlagte omfang og den tidsmæssige placering af revisionen samt betydelige revisionsmæssige observationer, herunder eventuelle betydelige mangler i intern kontrol, som vi identificerer under revisionen. Ledelsen er ansvarlig for ledelsesberetningen. Vores konklusion om årsregnskabet omfatter ikke ledelsesberetningen, og vi udtrykker ingen form for konklusion med sikkerhed om ledelsesberetningen. I tilknytning til vores revision af årsregnskabet er det vores ansvar at læse ledelsesberetningen og i den forbindelse overveje, om ledelsesberetningen er væsentligt inkonsistent med årsregnskabet eller vores viden opnået ved revisionen eller på anden måde synes at indeholde væsentlig fejlinformation. Vores ansvar er derudover at overveje, om ledelsesberetningen indeholder krævede oplysninger i henhold til årsregnskabsloven. Baseret på det udførte arbejde er det vores opfattelse, at ledelsesberetningen er i overensstemmelse med årsregnskabet og er udarbejdet i overensstemmelse med årsregnskabslovens krav. Vi har ikke fundet væsentlig fejlinformation i ledelsesberetningen. Velje 2023-04-03 EY Godkendt Revisionspartnerselskab 30700228 Heidi Klitgaard Brander mne33253 State Authorised Public Accountant <table xmlns="http://www.w3.org/1999/xhtml" border="0" cellpadding="0" cellspacing="0" style="width: 669.0px;"> <tbody> <tr style="height: 27.0px;"> <td colspan="7" style="height: 27.0px;width: 669.0px;"> <a rel="nofollow">Management's review</a> </td> </tr> <tr style="height: 27.0px;"> <td style="height: 27.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 21.0px;"> <td style="height: 21.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td colspan="3" style="height: 22.0px;">The Company's business review</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td colspan="7" style="height: 22.0px;width: 669.0px;">The company's objective is to sell consultancy services, etc. within business intelligence and data warehousing.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td colspan="7" style="height: 22.0px;width: 669.0px;">Subsequent events</td> </tr> <tr style="height: 22.0px;"> <td colspan="7" style="height: 22.0px;width: 669.0px;">No material events affecting the Company's financial position have occurred subsequent to the financial year-end.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td colspan="7" style="height: 22.0px;width: 669.0px;">Financial review</td> </tr> <tr style="height: 43.0px;"> <td colspan="7" style="height: 43.0px;width: 669.0px;">The income statement for 2022 shows a profit of DKK 4.944.337 against a profit of DKK 1.407.818 in 2021, and the balance sheet as of 31 December 2022 shows a positive equity that has been strengthend with this years result.</td> </tr> <tr style="height: 28.0px;"> <td style="height: 28.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td colspan="7" style="height: 22.0px;width: 669.0px;">Financing</td> </tr> <tr style="height: 51.0px;"> <td colspan="7" style="height: 51.0px;width: 669.0px;">In 2021, the Company realized a gain after several years with losses. And the positive trend has continued in 2022 strenghtend the equity in the company</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> </tbody> </table> Årsrapporten er aflagt i overensstemmelse med årsregnskabslovens bestemmelser for Regnskabsklasse B. Regnskabsklasse B <table xmlns="http://www.w3.org/1999/xhtml" border="0" cellpadding="0" cellspacing="0" style="width: 621.0px;"> <tbody> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Basis of accounting</td> </tr> <tr style="height: 66.0px;"> <td colspan="6" style="height: 66.0px;width: 621.0px;">The Annual Report of Innofactor A/S for 2022 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. Management has chosen to follow certain rules from reporting class C.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 44.0px;"> <td colspan="6" style="height: 44.0px;width: 621.0px;">The company is included in the consolidated financial statements for Innofactor Plc, Espoo, Finland. . The accounting policies used in the preparation of the financial statements are consistent with those of last year.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Reporting currency</td> </tr> <tr style="height: 44.0px;"> <td colspan="6" style="height: 44.0px;width: 621.0px;">The financial statements are presented in Danish Kroner.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Recognition and measurement</td> </tr> <tr style="height: 67.0px;"> <td colspan="6" style="height: 67.0px;width: 621.0px;">Revenues are recognised in the income statement as earned, which includes recognition of value adjustments of financial assets and liabilities. Furthermore, all expenses incurred, including depreciation, amortisation and impairment losses, are recognised in the income statement.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 44.0px;"> <td colspan="6" style="height: 44.0px;width: 621.0px;">Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow to the Company, and the value of the asset can be measured reliably.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 201.0px;"> </td> </tr> <tr style="height: 42.0px;"> <td colspan="6" style="height: 42.0px;width: 621.0px;">Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow out of the Company, and the value of the liability can be measured reliably.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 201.0px;"> </td> </tr> <tr style="height: 45.0px;"> <td colspan="6" style="height: 45.0px;width: 621.0px;">Assets and liabilities are initially measured at cost subsequently, assets and liabilities are measured as described for each item below.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 201.0px;"> </td> </tr> <tr style="height: 88.0px;"> <td colspan="6" style="height: 88.0px;width: 621.0px;">Certain financial assets and liabilities are measured at amortised cost, which involves the recognition of a constant effective interest rate over the maturity period. Amortised cost is calculated as original cost less any deductions and with addition/deduction of the cumulative amorisation of any difference between cost and the nominal amount. In this way, capital losses and gains are allocated over the maturity period.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 201.0px;"> </td> </tr> <tr style="height: 44.0px;"> <td colspan="6" style="height: 44.0px;width: 621.0px;">Recognition and measurement take into account predictable losses and risks occuring before the presentation of the Annual Report, which confirm or invalidate affairs and conditions existing at the balance sheet date.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 201.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Translation policies</td> </tr> <tr style="height: 88.0px;"> <td colspan="6" style="height: 88.0px;width: 621.0px;">Transactions in foreign currencies are translated at the exchange rates at the dates of transaction. Exchange differences arising due to differences between the transaction dates rates and the rates at dates of payment, are recognised in financial income and expenses in the income statement. If foreign exchange posistions are considered hedging of future cash flows, the value adjustments are recognised directly in equity.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 201.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 201.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Translation policies, continued</td> </tr> <tr style="height: 88.0px;"> <td colspan="6" style="height: 88.0px;width: 621.0px;">Receivables, payables and other monetary items in foeriegn currencies that have not been settled at the balance sheet date are translated at the exchange rates at the balance sheet date. The difference between the exchange rate at the balance sheet date and the rate at the time of origin of the receivable or debt is recognised in financial income and expenses in the income statement.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 201.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Fixed assets purchased in foreign currencies are measured at the rate of exchange at the date of transaction.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 201.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Gross profit</td> </tr> <tr style="height: 44.0px;"> <td colspan="6" style="height: 44.0px;width: 621.0px;">With reference to section 32 of the Danish financial statements act, the items "Revenue", "Other external expenses" and "Other operating income" are consolidated into one item designated "Gross profit".</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 201.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Revenue</td> </tr> <tr style="height: 88.0px;"> <td colspan="6" style="height: 88.0px;width: 621.0px;">Income from the rendering of services is recognised as revenue as the services are rendered, implying that revenue corresponds to the market value of the services rendered in the year (percentage-of-completion method). Revenue is measured at fair value of the agreed consideraton exclusive of VAT and taxes charged on behalf of third parties. All discounts and rebates granted are recognised in revenue.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 201.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Other external expenses</td> </tr> <tr style="height: 66.0px;"> <td colspan="6" style="height: 66.0px;width: 621.0px;">Other external expenses include the year’s expenses relating to the entity’s core activities, including expenses relating to distribution, sale, advertising, administration, premises, bad debts, payments under operating leases, etc.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Other operating income</td> </tr> <tr style="height: 44.0px;"> <td colspan="6" style="height: 44.0px;width: 621.0px;">Other operating income comprise items of a secondary nature compared to the core activites of the Company, such as profit from the Fairmount Agreement and received contributon to expenses for exploration.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 201.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Employee expenses</td> </tr> <tr style="height: 44.0px;"> <td colspan="6" style="height: 44.0px;width: 621.0px;">Staff costs include wages and salaries, including compensated absence and pensions, as well as other social security contributions, etc. made to the entity’s employees. The items is net of refunds made by public authorities.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 201.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Financial income and expenses</td> </tr> <tr style="height: 88.0px;"> <td colspan="6" style="height: 88.0px;width: 621.0px;">Financial income and expenses are recognised in the income statement with the amounts relating to the financial year. Financial income and expenses comprise interest income and expenses, realised and unrealised exchange gains and losses concerning debt and transactions in foreign currencies as well as extra payments and repayment under the on-account taxation scheme.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 15.0px;"> </td> <td style="width: 130.0px;"> </td> <td style="width: 201.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Corporation Tax</td> </tr> <tr style="height: 64.0px;"> <td colspan="6" style="height: 64.0px;width: 621.0px;">Tax for the year includes current tax on the year’s expected taxable income and the year‘s deferred tax adjustments. The portion of the tax for the year that relates to the profit/loss for the year is recognised in the income statement, whereas the portion that relates to transactons taken to equity is recognised in equity.</td> </tr> <tr style="height: 66.0px;"> <td colspan="6" style="height: 66.0px;width: 621.0px;">The entity and its Danish group entities are taxed on a joint basis. The Danish income tax charge is allocated between profit-making and loss-making Danish entities in proportion to their taxable income (full allocation method).</td> </tr> <tr style="height: 28.0px;"> <td style="height: 28.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Property, plant and equipment</td> </tr> <tr style="height: 44.0px;"> <td colspan="6" style="height: 44.0px;width: 621.0px;">Other fixtures, fittings, tools and equipment are measured at cost less accumulated depreciation and amortization.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Depreciation is based on cost reduced by any expected residual value after the period of use.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 44.0px;"> <td colspan="6" style="height: 44.0px;width: 621.0px;">Cost comprises the cost of acquisiton and expenses directly related to the acquisition up until the time when the asset is ready for use.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Depreciation is calculated on a straight-line basis over the expected useful lives of the assets, which are:</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">* Other fixtures, fittings, tools and equipment                  3-5 Years</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 44.0px;"> <td colspan="6" style="height: 44.0px;width: 621.0px;">Gains or losses on sale of property, plant and equipment are calculated as the difference between the sales price less sales expenses and the carrying amount at the time of the sale.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Investments</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Deposits, investments are measured at cost.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Receivables</td> </tr> <tr style="height: 66.0px;"> <td colspan="6" style="height: 66.0px;width: 621.0px;">Receivables are measured at amortised cost, which usually corresponds to the nominal value. Provisions are made for bad debts because of objective evidence that a receivable or a group of receivables are impaired. Write-downs are made to the lower of the net realisable value and the carrying amount.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Contract work in progress</td> </tr> <tr style="height: 88.0px;"> <td colspan="6" style="height: 88.0px;width: 621.0px;">Ongoing service supplies and work in progress for third parties are measured at the market value of the work performed less advances received. The market value is calculated based on the percentage of completion at the balance sheet date and the total expected income for the relevant contract. The percentage of completion is made up based on costs incurred relative to the expected, total expenses on each individual work in progress.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 88.0px;"> <td colspan="6" style="height: 88.0px;width: 621.0px;">Where the outcome of the contract work in progress cannot be made up reliably, the market value is measured at the costs incurred as far as they are expected to be paid by the purchaser. Where the total expenses relating to the work in progress are expected to exceed the total market value, the expected loss is recognised as a loss-making agreement under "provisions" and is expensed in the income statement.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 44.0px;"> <td colspan="6" style="height: 44.0px;width: 621.0px;">The value of each contract in progress less prepayment is classified as assets when the market value exceeds prepayments and as liabilities when prepayments exceeds the market value.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Prepayments</td> </tr> <tr style="height: 44.0px;"> <td colspan="6" style="height: 44.0px;width: 621.0px;">Prepayments recognised under "Assets" comprise prepaid expenses regarding subsequent financial reporting years.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Cash and cash equivalents</td> </tr> <tr style="height: 44.0px;"> <td colspan="6" style="height: 44.0px;width: 621.0px;">Cash and cash equivalents comprise cash and short-term marketable securities, which are subject to an insignificant risk of chances in value.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Corporation tax and deferred tax</td> </tr> <tr style="height: 66.0px;"> <td colspan="6" style="height: 66.0px;width: 621.0px;">Current tax liabilities and current tax receivable are recognised in the balance sheet as calculated tax on the taxable income for the year adjusted for tax on previous years' taxable income as well as for taxes paid on account.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 88.0px;"> <td colspan="6" style="height: 88.0px;width: 621.0px;">Deferred tax is measured under the balance sheet liability method in respect of all temporary differences be- tween the carrying amount and the tax base of assets and liabilities. In cases, of concerning shares, where the computation of the tax base may be made according to alternative tax rules, deferred tax is measured based on the intended use of the asset or settlement of the liability, respectively.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 88.0px;"> <td colspan="6" style="height: 88.0px;width: 621.0px;">Deferred tax assets, including the tax base of tax loss carry-forwards, are measured at the value at which the asset is expected to be either realised, by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity and jurisdicton. Any deferred net tax assets are measured at net realisable value.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Debt</td> </tr> <tr style="height: 88.0px;"> <td colspan="6" style="height: 88.0px;width: 621.0px;">Financial liabilities are recognised at the date of borrowing at the net proceeds received less transaction costs paid. In subsequent periods, the financial liabilities are measured at amortised cost, corresponding to the capi- talised value using the effective interest rate. Accordingly, the difference between the proceeds and the nominal value is recognised in the income statement over the term of the loan.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Other liabilities are measured at net realisable value.</td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td colspan="6" style="height: 22.0px;width: 621.0px;">Deferred income</td> </tr> <tr style="height: 44.0px;"> <td colspan="6" style="height: 44.0px;width: 621.0px;">Deferred income recognised as a liability comprises payment received concerning income in subsequent financial reporting years.</td> </tr> </tbody> </table> 23415540 20922387 23415540 20922387 18082408 18908481 319470 348257 5013662 1665650 56858 31472 126183 289304 4944337 1407818 4944337 1407818 4944337 1407818 4944337 1407818 215224 365033 215224 365033 392694 384292 392694 384292 607918 749325 4826701 5062109 50000 325695 8960177 3868688 69611 7500 111228 188224 14017717 9452216 14017717 9452216 14625635 10201541 503000 503000 7792131 2847794 8295131 3350794 187215 144833 682130 1461545 1050996 1126295 4104151 3538461 306012 579613 6330504 6850747 6330504 6850747 14625635 10201541 <table xmlns="http://www.w3.org/1999/xhtml" style="border-bottom: 0.0px;border-collapse: collapse;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;width: 650.0px;"> <tbody> <tr> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;width: 60.0%;">Note 1</th> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;font-weight: bold;text-align: right;width: 25.0%;">2022</th> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;font-weight: bold;text-align: right;width: 15.0%;">2021</th> </tr> <tr> <th> </th> <th style="border-bottom: 1.0px solid;padding-bottom: 10.0px;text-align: right;">kr.</th> <th style="border-bottom: 1.0px solid;padding-bottom: 10.0px;text-align: right;">kr.</th> </tr> <tr> <td>Løn og gager</td> <td style="text-align: right;">15.969.887</td> <td style="text-align: right;">16.512.379</td> </tr> <tr> <td>Pensionsbidrag</td> <td style="text-align: right;">1.367.932</td> <td style="text-align: right;">1.459.849</td> </tr> <tr> <td>Andre omkostninger til social sikring</td> <td style="text-align: right;">744.590</td> <td style="text-align: right;">970.215</td> </tr> <tr> <td> </td> <td style="border-bottom: 2.0px solid;border-top: 2.0px solid;text-align: right;">18.082.409</td> <td style="border-bottom: 2.0px solid;border-top: 2.0px solid;text-align: right;">18.942.443</td> </tr> </tbody> </table> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <table xmlns="http://www.w3.org/1999/xhtml" class="incomeStatement" style="border:0; margin-bottom: 20px;"> <thead> <tr class="header1"> <th class="col1"/> <th class="col2"/> <th class="col3">2022</th> </tr> </thead> <tbody> <tr> <td class="col1 dotted"> <span> Gennemsnitligt antal ansatte </span> </td> <td class="col2"> </td> <td class="col3"> 20 </td> <td class="col4 lastyear"> </td> </tr> </tbody> </table> <table xmlns="http://www.w3.org/1999/xhtml" border="0" cellpadding="0" cellspacing="0" style="width: 619.0px;"> <tbody> <tr style="height: 21.0px;"> <td style="height: 21.0px;width: 31.0px;"> </td> <td style="width: 13.0px;"> </td> <td style="width: 85.0px;">Notes to the annual accounts    </td> <td style="width: 101.0px;"> </td> <td style="width: 20.0px;"> </td> <td style="width: 132.0px;"> </td> <td style="width: 20.0px;"> </td> <td style="width: 101.0px;">2 022</td> <td style="width: 20.0px;"> </td> <td style="width: 96.0px;">2 021</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;">1</td> <td> </td> <td colspan="2">Employee expense</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="2">Wages/saleries</td> <td> </td> <td> </td> <td> </td> <td align="right">15 969 887</td> <td> </td> <td align="right">16 512 379</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td>Pensions</td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">1 367 932</td> <td> </td> <td align="right">1 459 849</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="2">Other social security costs</td> <td> </td> <td> </td> <td> </td> <td align="right">114 367</td> <td> </td> <td align="right">196 335</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="2">Other staff costs</td> <td> </td> <td> </td> <td> </td> <td align="right">630 223</td> <td> </td> <td align="right">773 880</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 28.0px;"> <td style="height: 28.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">18 082 409</td> <td> </td> <td align="right">18 942 443</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 21.0px;"> <td style="height: 21.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="3">Average number of employees</td> <td> </td> <td> </td> <td align="right">20</td> <td> </td> <td align="right">23</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;">2</td> <td> </td> <td colspan="2">Financial income</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="2">Adjustment, exchange rate</td> <td> </td> <td> </td> <td> </td> <td align="right">56 858</td> <td> </td> <td align="right">31 472</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 28.0px;"> <td style="height: 28.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">56 858</td> <td> </td> <td align="right">31 472</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;">3</td> <td> </td> <td colspan="2">Financial expenses</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="2">Interest expences, group entities</td> <td> </td> <td> </td> <td> </td> <td align="right">71 971</td> <td> </td> <td align="right">159 033</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="2">Adjustment, exchange rate loss</td> <td> </td> <td> </td> <td> </td> <td align="right">52 905</td> <td> </td> <td align="right">109 534</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="2">Other financial expenses</td> <td> </td> <td> </td> <td> </td> <td align="right">1 307</td> <td> </td> <td align="right">20 737</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 28.0px;"> <td style="height: 28.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">126 183</td> <td> </td> <td align="right">289 304</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td>2 022</td> <td> </td> <td>2 021</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;">4</td> <td> </td> <td colspan="4">Tax expense on ordinary activities</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="4">Tax on the taxable income of the year</td> <td> </td> <td align="right">0</td> <td> </td> <td align="right">0</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="4">Increase/decrease in provision for deferred tax</td> <td> </td> <td align="right">0</td> <td> </td> <td align="right">0</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td>Prior years tax</td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td align="right">0</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 28.0px;"> <td style="height: 28.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td align="right">0</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="8" style="width: 575.0px;">Management has assessed that it is unlike that the deferred tax asset can be utilized within a foreseeable future.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;">5</td> <td> </td> <td colspan="3">Property, plant and equipment</td> <td> </td> <td> </td> <td> </td> <td> </td> <td>Fixtures and</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td>fittings, tools and</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td>equipment</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="2">Cost at 1 January </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td>5 180 980</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="2">Cost adjustment from last year</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td>0</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="2">Additions in the year</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td>169 660</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 28.0px;"> <td style="height: 28.0px;"> </td> <td> </td> <td colspan="2">Cost at 31 December </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td>5 350 640</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="4">Impairment losses and depreciation at 1 January </td> <td> </td> <td> </td> <td> </td> <td>4 815 947</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="6">Impairment losses and depreciation change from last years report</td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="3">Amortisation/depreciation in the year</td> <td> </td> <td> </td> <td> </td> <td> </td> <td align="right">319 470</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 28.0px;"> <td style="height: 28.0px;"> </td> <td> </td> <td colspan="4">Impairment losses and depreciation at 31 December </td> <td> </td> <td> </td> <td> </td> <td>5 135 416</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 28.0px;"> <td style="height: 28.0px;"> </td> <td> </td> <td colspan="3">Carrying amout at 31 December</td> <td> </td> <td> </td> <td> </td> <td> </td> <td>215 224</td> </tr> <tr style="height: 28.0px;"> <td style="height: 28.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;">6</td> <td> </td> <td>Equity</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td>Share capital</td> <td> </td> <td>Retained earnings</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="2">Equity capital 1 January</td> <td> </td> <td> </td> <td> </td> <td align="right">503 000</td> <td> </td> <td align="right">2 847 794</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="4">Convention of dept / capital increase in 2021</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="2">Profit of the year</td> <td> </td> <td> </td> <td> </td> <td align="right">0</td> <td> </td> <td align="right">4 944 337</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 28.0px;"> <td style="height: 28.0px;"> </td> <td> </td> <td colspan="2">Equity capital 31 December</td> <td> </td> <td> </td> <td> </td> <td align="right">503 000</td> <td> </td> <td align="right">7 792 131</td> </tr> <tr style="height: 4.0px;"> <td style="height: 4.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;">7</td> <td> </td> <td colspan="4">Payables and receivables to group</td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 76.0px;"> <td style="height: 76.0px;"> </td> <td> </td> <td colspan="8" rowspan="3" style="width: 575.0px;">Payables to group do not have expiration date, as the debt can deemed for repayment on demand. Debt is therefore classified as short-term debt. <br/> <br/> The Company has entered into a Cash Pool arrangement with Innofactor Plc. as the owner of the Cash Pool. The Cash Pool includes an overdraft facility of which the companies participating in the Cash Pool arrangement is jointly liable for through unsecured guarantees. </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> </tr> <tr style="height: 21.0px;"> <td style="height: 21.0px;"> </td> <td> </td> </tr> <tr style="height: 21.0px;"> <td style="height: 21.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="8" style="width: 575.0px;">The account that is inclouded in the Cash Pool holds DKK 3.956.507 as of 31.12.2022</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;">8</td> <td> </td> <td colspan="2">Contractual obligation</td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="8">Rent and lease liabilities include a rent obligation totalling DKK 1,6 million until 30 June 2024.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="height: 40.0px;"> <td style="height: 40.0px;">9</td> <td> </td> <td colspan="2">Contingent liabilities</td> <td style="width: 20.0px;"> </td> <td style="width: 132.0px;"> </td> <td style="width: 20.0px;"> </td> <td style="width: 101.0px;"> </td> <td style="width: 20.0px;"> </td> <td style="width: 96.0px;"> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="8" rowspan="2" style="width: 575.0px;">The company is jointly taxed with its parent, Innofactor Holding ApS, which acts as management company. The company is jointly and severally liable with the other jointly taxed Group companies for payment of withholding taxes payable and for corporate taxes.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> <td colspan="8" rowspan="3" style="width: 575.0px;">Rent and lease liabilities include a rent obligation totalling DKK 1,6 million until 30 June 2024.</td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> </tr> <tr style="height: 22.0px;"> <td style="height: 22.0px;"> </td> <td> </td> </tr> </tbody> </table> <p xmlns="http://www.w3.org/1999/xhtml"> </p> 20 false false false true Erhvervsstyrelsen Regnskab Basis 2021-12-31 2021-01-01 Revisionspåtegning false false false false Linn Helene Braathen Bankveien 26a 1362 Hosle, Norge