37055964 2021-12-31 37055964 2020-12-31 37055964 2021-01-01 fsa:ContributedCapitalMember 37055964 2021-01-01 fsa:RetainedEarningsMember 37055964 2021-12-31 fsa:ContributedCapitalMember 37055964 2021-12-31 fsa:RetainedEarningsMember 37055964 2021-01-01 2021-12-31 37055964 2021-01-01 2021-12-31 1 37055964 2021-01-01 2021-12-31 memberOfBoardIdentifier_executive_board_1 37055964 2021-01-01 2021-12-31 memberOfBoardIdentifier_board_of_director_1 37055964 2021-01-01 2021-12-31 memberOfBoardIdentifier_board_of_director_2 37055964 2021-01-01 2021-12-31 2 37055964 2020-01-01 2020-12-31 37055964 2021-01-01 2021-12-31 fsa:RetainedEarningsMember 37055964 2020-01-01 2020-12-31 fsa:RetainedEarningsMember 37055964 2021-01-01 2021-12-31 fsa:ContributedCapitalMember 37055964 2021-01-01 2021-12-31 fsa:RetainedEarningsMember iso4217:DKK Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2021-01-01 2020-01-01 2021-12-31 2020-12-31 37055964 Luxplus WE ApS Teglværksgade, 37, 1 2100 København Ø København 2015-09-03 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Strandvejen 44 2900 Hellerup Denmark 2022-03-15 Mathias Lysholm Faaborg Regnskabsklasse B Revisionspåtegning Receivables are measured in the balance sheet at the lower of amortised cost and net realisable value, which corresponds to nominal value less provisions for bad debts. Danish kroner is used as the presentation currency. All other currencies are regarded as foreign currencies. Transactions in foreign currencies are translated at the exchange rates at the dates of transaction. Exchange differences arising due to differences between the transaction date rates and the rates at the dates of payment are recognised in financial income and expenses in the income statement. Where foreign exchange transactions are considered hedging of future cash flows, the value adjustments are recognised directly in equity. Receivables, payables and other monetary items in foreign currencies that have not been settled at the balance sheet date are translated at the exchange rates at the balance sheet date. Any differences between the exchange rates at the balance sheet date and the rates at the time when the receivable or the debt arose are recognised in financial income and expenses in the income statement. Fixed assets acquired in foreign currencies are measured at the transaction date rates. Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. The Annual Report of Luxplus WE ApS for 2021 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B as well as selected rules applying to reporting class C. The accounting policies applied remain unchanged from last year. The Financial Statements for 2021 are presented in DKK. 1 Revenues are recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement. 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. 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. Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Prepayments comprise prepaid expenses concerning rent, insurance premiums, subscriptions and interest. Debts are measured at amortised cost, substantially corresponding to nominal value. Other external expenses comprise expenses for premises, sales and as well as office expenses, etc. Net revenue includes subscription revenues and sales of merchandise and finished goods. Sales of merchandise and finished goods are recognized in the income statement when delivery and risk transfer to the buyer have taken place. Subscription income is recognized in the income statement when accrued over the subscription period. Revenue is measured at the consideration received and is recognised exclusive of VAT and net of discounts relating to sales. Expenses for raw materials and consumables comprise the raw materials and consumables consumed to achieve revenue for the year. With reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a summary of revenue, expenses for raw materials and consumables and other external expenses. Deferred income comprises payments received in respect of income in subsequent years. Tax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity. The Company is jointly taxed with CC Toaster Invest ApS and other companies in Denmark. The tax effect of the joint taxation is allocated to Danish enterprises in proportion to their taxable incomes. Current tax liabilities and receivables are recognised in the balance sheet as the expected taxable income for the year adjusted for tax on taxable incomes for prior years and tax paid on account. Extra payments and repayment under the on-account taxation scheme are recognised in the income statement in financial income and expenses. The Executive Board and Board of Directors have today considered and adopted the Financial Statements of Luxplus WE ApS for the financial year 1 January - 31 December 2021. The Annual Report is prepared in accordance with the Danish Financial Statements Act. In our opinion the Financial Statements give a true and fair view of the financial position at 31 December 2021 of the Company and of the results of the Company operations for 2021. We recommend that the Financial Statements be adopted at the Annual General Meeting. 2022-02-22 København Ø Mathias Lysholm Faaborg CEO Vilhelm Eigil Hahn-Petersen Chairman Peter Johan Sønderby-Wagner To the shareholder of Luxplus WE ApS Opinion In our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2021 and of the results of the Company´s operations for the financial year 1 January - 31 December 2021 in accordance with the Danish Financial Statements Act. We have audited the Financial Statements of Luxplus WE ApS for the financial year 1 January - 31 December 2021, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies (”the Financial Statements”). Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs) 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 Financial Statements” section of our report. We are independent of the Company 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 audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Management 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 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 Financial Statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Our objectives are to obtain reasonable assurance about whether the 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 ISAs 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 on the basis of these Financial Statements. As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the 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. 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 expressing an opinion on the effectiveness of the Company´s internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management. Con­clude on the ap­pro­pri­ate­ness of Management’s use of the going con­cern basis of accoun­ting in pre­pa­ring the 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 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 audi­tor’s report to the re­la­ted dis­clo­sures in the 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 Company to cease to con­ti­nue as a going con­cern. Evaluate the overall presentation, structure and contents of the Financial Statements, including the disclosures, and whether the Financial Statements represent the underlying transactions and events in a manner that gives a true and fair view. 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. Hellerup 2022-02-22 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Jacob F Christiansen State Authorised Public Accountant mne18628 Kristian Højgaard Carlsen State Authorised Public Accountant mne44112 560604 524814 2442947 3312661 115003 100298 30677 1027443 2527273 2385516 1966669 1860702 1966669 1860702 680497 606439 437584 625377 7379993 6060261 7379993 6060261 4680789 0 10223 0 5809093 1231816 1570900 4828445 80000 80000 272768 293123 0 945859 560604 524814 601395 0 80000 80000 7379993 6060261 4643145 2676476 4563145 2596476 2736848 3383785 2736848 3383785 The Company is included in the Group Annual Report of the Parent Company of the group: Name Place of registered office CC Toaster Holding I ApS C/O CataCap Management A/S Øster Allé 42, 7. 2100 København Ø 80000 2596476 0 1966669 80000 4563145 559 146 114444 100152 30673 598950 4 428493 30677 1027443 Contingent liabilities The group companies are jointly and severally liable for tax on the jointly taxed incomes etc of the Group. The total amount of corporation tax payable is disclosed in the Annual Report of CC Toaster Invest ApS, which is the management company of the joint taxation purposes. Moreover, the group companies are jointly and severally liable for Danish withholding taxes by way of dividend tax, tax on royalty payments and tax on unearned income. Any subsequent adjustments of corporation taxes and withholding taxes may increase the Company's liability. The company is involved in normal business disputes. Although the final outcome of these cases is unpredictable, in the opinion of the management, these cases will not have any significant effect on the company's result or financial situation. The purpose of the company is to conduct business with the purchase and resale of goods on an online platform. 560604 524814 560604 524814