369519312021-01-012021-12-31369519312021-01-012021-12-312369519312021-01-012021-12-313369519312021-01-012021-12-311369519312021-01-012021-12-31fsa:RetainedEarningsMember369519312020-01-012020-12-31369519312020-01-012020-12-31fsa:RetainedEarningsMember369519312021-12-31369519312020-12-31xbrli:purexbrli:pureiso4217:DKKxbrli:sharesJan-Olof OhlssonJan-Olof OhlssonBengt NilssonBoard MemberBoard MemberIngen bistandtrue299783363753129129831433228Regnskabsklasse B50000500002997833637472611732917147161157574115864609 Reporting Class The Annual Report of Pagero Danmark ApS for 2021 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B with selection of few provisions from reporting class C. The accounting policies applied remain unchanged from last year. Reclassification of comparative figures The company has adjusted the comparative figures of "Other payables" and "Deferred income, liabilities", because "Other payables" in 2019 contained accounting items, that should be classified as "Deferred income, liabilities". The adjustment of the comparative figures has not affected the company's result or equity. Reporting currency The Annual Report is presented in Danish kroner. Translation policies Transactions in foreign currencies are translated into DKK at the exchange rate prevailing at the date of transaction. Monetary assets and liabilities in foreign currencies are translated into DKK based on the exchange rates prevailing at the balance sheet day. Realised and unrealised foreign exchange gains and losses are included in the Income Statement under Financial Income and Expenses. Income Statement Gross profit/loss The Company has decided to aggregate certain items of the Income Statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit is a combination of the items of revenue, raw materials and consumables and other external expenses. Revenue Revenue is recognised in the income statement if the goods have been delivered and the risk has passed to the byer before year-end and if the revenue can be reliably calculated and expected to be received. Revenue is recognised exclusive og VAT and net of sales discounts. Income from delivery of services is recognised on a straight-line basis in net sales, as the service is delivered. Raw materials and consumables used Costs for raw materials and consumables comprise the cost of goods purchased less discounts and costs for subcontractors. Other external expenses Other external costs include costs for sales, administration and loss of debitors. Amortisation and impairment of tangible assets Amortisation and impairment of tangible assets has been performed based on a continuing assessment of the useful life of the assets in the Company. Non-current assets are amortised on a straight line basis, based on cost, on the basis of the following assessment of useful life and residual values: Useful life Residual value Other fixtures and fittings, tools and equipment 5 years 0% Profit or loss resulting from the sale of tangible assets is determined as the difference between the selling price less selling costs and the carrying amount at the date of sale, and is recognised in the Income Statement under other operating income or expenses. Financial income and expenses Financial income and expenses are recognised in the Income Statement based on the amounts that concern the financial year. Financial income and expenses include interest expenses, accounts payable and transactions in foreign currencies and surcharges and allowances under the tax prepayment scheme. Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Balance Sheet Tangible assets Tangible assets are measured at cost on initial recognition and subsequently at cost less accumulated depreciation and impairment losses. The depreciable amount is calculated taking into consideration the residual value of the asset at the end of its useful life, reduced by impairment losses, if any. The depreciation period and the residual value are determined at the data of acquisition. If the residual value exceeds the carrying amount of the asset, depreciation is discontinued. In case of changes in depreciation period or residual value, the effect of a change in depreciation period is recognised prospectively in accounting estimates. Cost includes the purchase priceand expenses directly related to the acquisition until the time when the asset is ready for use. The cost of self-constructed assets includes costs for materials, components, subcontractors, direct payroll costs and indirect production costs. The cost of composite asset is disaggregated into components, which are seperately depreciated if the usefull lives of the individual components differ. Receivables Receivables are measured at amortised cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Impairment of accounts receivables past due is established on individual assessment of receivables. Prepayments Prepayments recognised in assets comprises prepaid costs regarding subsequent financial years. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand. Equity Equity comprises the working capital and a number of equity items that may be statutory or stipulated in the articles of association. Deferred tax Deferred tax and the associated adjustments for the year are determined according to the balance-sheet liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Current tax liabilities Current tax liabilities and current tax receivables are recognised in the Balance Sheet as calculated tax on the expected taxable income for the year, adjusted for tax on taxable income for previous years as well as for tax prepaid. Payables Payables are measured at amortised cost, which usually corresponds to the nominal value. Deferred income entered as liabilities Deferred income entered as liabilities consist of payments received regarding income in the subsequent financial years. Contingent assets and liabilities Contingent assets and liabilities are not recognised in the Balance Sheet but appear only in the notes.2. Contingent liabilities No contingent liabilities exist at the balance sheet date. 3. Collaterals and securities No securities or mortgages exist at the balance sheet date. -1512599-17045590586268906202335299783363753124510432807987105864. Related parties The smallest group, in which these financial statements of the company are consolidated, are those of Pagero AB. The registered office of Pagero AB is Box 11006, 404 21 Göteborg, Sweden. , 1. Uncertainties relating to going concern The Company has lost its share capital, and are therefore subject to the company law. The Company has obtained a commitment from group entreprises on the financing of the operation for the next financial year, so the annual report is prepared under the asssumption of going concern. The Management expects that the company by own earnings will restore the capital. The shareholder has signed a letter of comfort 2250611445286417886772112517481919583619301919583619302461001904592683201977260586-1562599-1754559false2652778245877945104328079871874886424765320848504941498019450001150471216911906364276761654142-1714712730, HerlevLyskær 3 CD2015-07-012022-05-043695193125074823ÅrsrapportJan-Olof OhlssonPagero Danmark ApSAzets Insight A/S2020-01-012020-12-31163, Herlev2021-12-312021-01-01Development in activities and financial matters The Company's Income Statement of the financial year 1 January 2021 - 31 December 2021 shows a result of DKK 191.958 and the Balance Sheet at 31 December 2021 a balance sheet total of DKK 2.997.833 and an equity of DKK -1.512.599. The Company's principal activities The Company's principal activities consist in providing digital communication with business documents, including e-invoicing services and related activities. The Company's principal activities The Company's principal activities consist in providing digital communication with business documents, including e-invoicing services and related activities. Development in activities and financial matters The Company's Income Statement of the financial year 1 January 2021 - 31 December 2021 shows a result of DKK 191.958 and the Balance Sheet at 31 December 2021 a balance sheet total of DKK 2.997.833 and an equity of DKK -1.512.599. Capital resources The Company has lost its share capital, and are therefore subject to the Company Law. The Company has obtained a commitment from group entreprises on the financing of the operation for the next financial year, so the annual report is prepared under the asssumption of going concern. The Management expects that the company by own earnings will restore the capital. The shareholder has signed a letter of comfortThe Annual Report is presented in accordance with the Danish Financial Statements Act. In our opinion, the Financial Statements give a true and fair view of the assets, liabilities and financial position of the Company at 31 December 2021 and of the results of the Company's operations for the financial year 1 January 2021 - 31 December 2021. The conditions for not conducting an audit of the Financial Statement have been met. 2022-05-04Today, Management has considered and adopted the Annual Report of Pagero Danmark ApS for the financial year 1 January 2021 - 31 December 2021. In our opinion, the Management's Review includes a true and fair account of the matters addressed in the review. HerlevWe recommend that the Annual Report be adopted at the Annual General Meeting. Today, Management has considered and adopted the Annual Report of Pagero Danmark ApS for the financial year 1 January 2021 - 31 December 2021. The Annual Report is presented in accordance with the Danish Financial Statements Act. In our opinion, the Financial Statements give a true and fair view of the assets, liabilities and financial position of the Company at 31 December 2021 and of the results of the Company's operations for the financial year 1 January 2021 - 31 December 2021. In our opinion, the Management's Review includes a true and fair account of the matters addressed in the review. The conditions for not conducting an audit of the Financial Statement have been met. We recommend that the Annual Report be adopted at the Annual General Meeting. Herlev, 4 May 2022 Executive Board Jan-Olof Ohlsson Director Supervisory Board Jan-Olof Ohlsson Bengt Nilsson Member Member