37627542 2022-01-01 2022-12-31 37627542 2022-01-01 2022-12-31 0 37627542 2022-01-01 2022-12-31 1 37627542 2022-01-01 2022-12-31 2 37627542 2022-01-01 2022-12-31 0 37627542 2022-01-01 2022-12-31 1 37627542 2021-01-01 2021-12-31 37627542 2022-12-31 37627542 2021-12-31 37627542 2022-01-01 2022-12-31 0 37627542 2021-01-01 2021-12-31 1 37627542 2022-01-01 2022-12-31 2 37627542 2021-01-01 2021-12-31 3 37627542 2022-01-01 2022-12-31 0 37627542 2021-01-01 2021-12-31 1 37627542 2021-01-01 2021-12-31 2 37627542 2022-01-01 37627542 2021-01-01 37627542 2022-01-01 2022-12-31 ifrs-full:SeparateMember 37627542 2021-01-01 2021-12-31 ifrs-full:SeparateMember 37627542 2022-12-31 ifrs-full:SeparateMember 37627542 2021-12-31 ifrs-full:SeparateMember 37627542 2022-01-01 2022-12-31 ifrs-full:SeparateMember 4 37627542 2021-01-01 2021-12-31 ifrs-full:SeparateMember 5 37627542 2022-01-01 2022-12-31 ifrs-full:SeparateMember 6 37627542 2021-01-01 2021-12-31 ifrs-full:SeparateMember 7 37627542 2022-01-01 ifrs-full:SeparateMember 37627542 2021-01-01 ifrs-full:SeparateMember 37627542 2022-01-01 2022-12-31 0 iso4217:DKK xbrli:shares xbrli:pure 2022-01-01 2022-12-31 2023-04-20 Preben Vinkler Lindgaard Lauritz.com Group A/S Dynamovej 11C 2860 Søborg 4544509800 37627542 2016-04-20 Søborg <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">Sustainability</td></tr><tr><td colspan="1">The sustainable aspect within interior decoration keeps growing even bigger year by year. Whereas obtaining international goals for climate changes can seem abstract, many consumers have by now realized – or start discovering – that you can actually make a sustainable difference in your own way in your own home.</td></tr><tr><td colspan="1">In our view, the auction business is one of the most sustainable businesses through history. For centuries traditional auction houses have facilitated the sales of second-hand items, while Lauritz . com’s platform was the first worldwide to convert sales of vintage items from physical to online auctions in 1999. The daily auctions represent a sound sustainable cycle as we make vintage treasures change hands when they leave selling customers’ home to move in with a happy buying customer across generations, decades, and centuries.</td></tr><tr><td colspan="1">Through times, auction customers have sold and bought furniture, crafts, and art mainly from an esthetical point of view and because of the interesting culture story behind each creation. In 2022, we are privileged to also welcome an additional audience; a new ‘generation’ of customers, understood as a new mindset community (not age). This new generation is replacing part of their purchase of new-produced products with quality vintage objects, purely because of an insisting climate agenda.</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">Management 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">The Board of Directors and the Executive Management have today discussed and approved the Annual Report of Lauritz.com Group A/S for 2022.</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">The Annual Report has been prepared in accordance with International Financial Reporting Standards as adopted by the EU and additional requirements under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the consolidated financial statements and the Parent Company’s financial statements give a true and fair view of the Group’s and the Parent Company’s assets, liabilities, and financial position at 31 December 2022 and of the results of the Group’s and the Parent Company’s operations and cash flow for the financial year 2022.</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">Further, in our opinion the Management review includes a true and fair review of the development in the Group’s and the Parent Company’s operations and financial matters, of the result for the year and of the Group’s and the Parent Company’s financial position as well as describes the significant risks and uncertainties affecting the Group and the Parent Company.</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">We recommend that the Annual Report be approved at the General Meeting.</td></tr></table> Copenhagen 2023-03-24 <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">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">To the shareholders of Lauritz.com Group 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">Opinion</td></tr><tr><td colspan="1">We have audited the Consolidated Financial Statements and the Parent Company Financial Statements of Lauritz.com Group A/S for the financial year 1 January 2022 - 31 December 2022, which comprise the statement of comprehensive income, balance sheet, statement of changes in equity, cash flow statement and notes to the Consolidated Financial Statements and the Parent Company Financial Statements, including a summary of significant accounting policies, for the Group and the Parent Company. The Consolidated Financial Statements and the Parent Company Financial Statements are prepared in accordance with International Financial Reporting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the Consolidated Financial Statements and the Parent Company Financial Statements give a true and fair view of the financial position of the Group and the Parent Company at 31 December 2022, and of the results of the Group and the Parent Company operations and cash flows for the financial year 1 January 2022 - 31 December 2022 in accordance with International Financial Reporting Standards as adopted by the EU and additional requirements of 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">Basis for opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISA’s) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the “Auditor’s responsibilities for the Audit of the Consolidated Financial Statements and the Parent Company Financial Statements” section of our report. We are independent of the Group 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.</td></tr><tr><td colspan="1">We believe that the audit evidence we have obtained is sufficient and appropriate to pro-vide a basis for our 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">Material uncertainty regarding going concern assumption</td></tr><tr><td colspan="1">Without modifying our opinion, we draw attention to the information in note 1 Going concern in which the Management accounts for the uncertainty which exists regarding the company’s ability to continue as a going concern. We agree with the Management as to the description of uncertainties and the choice of accounting policies.</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">Statement regarding the management’s review</td></tr><tr><td colspan="1">Management is responsible for Management’s Review.</td></tr><tr><td colspan="1">Our opinion on the Consolidated Financial Statements and the Parent Company Financial Statements does not cover Management’s Review, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the Consolidated Financial Statements and the Parent Company Financial Statements, our responsibility is to read Management’s Review and, in doing so, consider whether Management’s Review is materially inconsistent with the Consolidated Financial Statements and the Parent Company Financial Statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.</td></tr><tr><td colspan="1">Moreover, it is our responsibility to consider whether the Management’s Review provides the information required under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Based on the work we have performed; we conclude that Management’s Review is in accordance with the Consolidated Financial Statements and the Parent Company Financial Statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in the Management’s 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">Management’s Responsibilities for the Consolidated Financial Statements and the Parent Company Financial Statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of Consolidated Financial Statements and Parent Company Financial Statements that give a true and fair view in accordance with International Financial Reporting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of the Consolidated Financial Statements and the Parent Company Financial Statements that are free from material misstatement, whether due to fraud or error.</td></tr><tr><td colspan="1">In preparing the Consolidated Financial Statements and the Parent Company Financial Statements, Management is responsible for assessing the Group’s and the Parent Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the Consolidated Financial Statements and the Parent Company Financial Statements unless Management either intends to liquidate the Group or the Company or to cease 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">Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements and the Parent Company Financial Statements</td></tr><tr><td colspan="1">Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Statements and the Parent Company Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor’s Report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISA’s and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken based on these Consolidated Financial Statements and Parent Company Financial Statements.</td></tr><tr><td colspan="1">As part of an audit conducted in accordance with ISA’s and the additional requirements applicable in Denmark, we exercise professional judgment and maintain professional scepticism throughout the audit. We also</td></tr><tr><td colspan="1">• Identify and assess the risks of material misstatement of the Consolidated Financial Statements and the Parent Company Financial Statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.</td></tr><tr><td colspan="1">• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of ex-pressing an opinion on the effectiveness of the Group’s and the Parent Company’s internal control.</td></tr><tr><td colspan="1">• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.</td></tr><tr><td colspan="1">• Conclude on the appropriateness of Management’s use of the going concern basis of accounting in preparing the Consolidated Financial Statements and the Parent Company Financial Statements, and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s and the Parent Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Audi-tor’s Report to the related disclosures in the Consolidated Financial Statements and the Parent Company Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditor’s Report. However, future events or conditions may cause the Group and the Company to cease to continue as a going concern.</td></tr><tr><td colspan="1">• Evaluate the overall presentation, structure and content of the Consolidated Financial Statements and the Parent Company Financial Statements, including the disclosures, and whether the Consolidated Financial Statements and the Parent Company Financial Statements represent the underlying transactions and events in a manner that gives a true and fair view.</td></tr><tr><td colspan="1">• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the Consolidated Financial Statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.</td></tr><tr><td colspan="1">We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.</td></tr></table> Aalborg 2023-03-24 110309000 44976000 65333000 22028000 36858000 5449000 998000 9422000 8945000 1475000 68000 1407000 1407000 1407000 0.034 0.034 0.034 0.034 5519000 -121000 71000 13090000 14170000 1135000 9550000 4000 -3028000 678000 1164000 -1842000 2510000 1000 -18020000 2715000 Årsrapport 24994570 LAURITZ.COM A/S Dynamovej 11C 2860 Søborg xWizard version 1.1.1200.0, by EasyX Aps. www.easyx.eu 2021-01-01 2021-12-31 Revisionspåtegning Grundlag for konklusion Konklusion Reporting class C, medium-size enterprise 58 Bengt Sundström Chairman Tue Byskov Bøtkjær Preben Vinkler Lindgaard Mette Margrethe Rode Sundstrøm CEO Preben Vinkler Lindgaard CFO 129435000 68070000 61365000 22624000 37830000 8824000 -7514000 3853000 10114000 -13775000 -5672000 -8103000 -27125000 -35228000 15327000 15327000 -19901000 -0.199 -0.199 -0.865 -0.865 8499000 4000 12583000 8667000 1388000 18405000 16000 -12106000 507000 63713000 63206000 1732000 -48218000 2882000 -437000 20735000 358000 728000 42456000 43542000 6833000 4583000 11416000 15829000 2519000 73306000 44000 2020000 7969000 18035000 8479000 3336000 39839000 2715000 42598000 115904000 4079000 -47532000 -43453000 901000 93604000 4771000 4706000 103982000 2615000 39125000 13635000 55375000 159357000 115904000 2715000 2585000 40546000 43131000 5486000 4127000 9613000 15893000 2085000 70722000 116000 645000 32161000 17860000 3988000 54654000 20735000 75505000 146227000 4079000 -48939000 -44860000 901000 101640000 4174000 5318000 112033000 10890000 1845000 44308000 22011000 79054000 191087000 146227000 20735000 Other adjustments 4000 Other adjustments 30000 Cash flow from ordinary operating activities 5391000 Cash flow from ordinary operating activities 4927000 Repayment, bonds -10640000 Repayment, bonds -33111000 Repayment, senior loan -13375000 20735000 18290000 5010000 696000 4672000 -358000 1572000 259000 955000 -92000 1047000 1047000 1664000 -1443000 45000 9000 12000 -93000 -93000 12000 5900000 608000 5354000 -62000 3349000 90000 3197000 68000 3129000 3129000 4049000 -1426000 100000 90000 2624000 23000 23000 105000 84000 0 8000 8000 12000 104000 104000 3112000 0 4079000 -10114000 -6035000 34000 6105000 6139000 6139000 104000 12000 3000 142000 145000 105000 250000 250000 3112000 0 4079000 -11161000 -7082000 20000 16000 7296000 7332000 7332000 250000 105000 Other adjustments 20000 Other adjustments 76000 Cash flow from ordinary operating activities -117000 Cash flow from ordinary operating activities 2637000 105000 82000 Beierholm Statsautoriseret Revisionspartnerselskab 32895468 Martin Ødum Madsen State Authorized Public Accountant mne45893