xbrli:pureiso4217:DKK250638642021-01-012021-12-31250638642021-01-012021-12-311250638642021-01-012021-12-311250638642021-01-012021-12-312250638642021-01-012021-12-313250638642021-01-012021-12-314250638642021-01-012021-12-315250638642021-01-012021-12-311250638642021-01-012021-12-312250638642020-01-012020-12-31250638642021-12-31250638642020-12-31250638642021-01-012021-12-311250638642020-01-012020-12-311250638642021-01-012021-12-312250638642020-01-012020-12-312250638642021-01-012021-12-313250638642020-01-012020-12-313250638642021-01-01250638642020-01-01RevisionspåtegningÅrsrapport25063864Agillic A/SMasnedøgade22, 22100Copenhagen ØDenmark1999-12-02Copenhagen, Denmark+45 70252825www.agillic.comcontact@agillic.com2021-01-012021-12-312020-01-012020-12-312022-03-30Søren Elmann IngerslevEmre GürsoyCEOJohnny Emil Søbæk HenriksenSusanne LundJesper Genter LohmannMichael Moesgaard AndersenMikael KonnerupChair of the Board3396355633963556Deloitte Statsautoriseret RevisionspartnerselskabDeloitte Statsautoriseret RevisionspartnerselskabWeidekampsgade62300Copenhagen S33963556Deloitte Statsautoriseret RevisionspartnerselskabWeidekampsgade 62300 Copenhagen STo the shareholders of Agillic A/SOpinionWe have audited the financial statements of Agillic A/S<br/>for the financial year 01.01.2021 - 31.12.2021, which<br/>comprise the income statement, balance sheet and notes,<br/>including a summary of significant accounting policies.<br/>The financial statements are prepared in accordance with<br/>International Financial Reporting Standards as adopted<br/>by the EU and additional requirements of the Danish<br/>Financial Statements Act.<br/>In our opinion, the financial statements give a true and<br/>fair view of the Entity’s financial position at 31.12.2021<br/>and of the results of its operations for the financial year<br/>01.01.2021 - 31.12.2021 in accordance with International<br/>Financial Reporting Standards as adopted by the EU and<br/>additional requirements of the Danish Financial Statements<br/>Act.Basis for OpinionWe conducted our audit in accordance with International<br/>Standards on Auditing (ISAs) and additional requirements<br/>applicable in Denmark. Our responsibilities under those<br/>standards and requirements are further described in the<br/>Auditor’s responsibilities for the audit of the financial<br/>statements section of this auditor’s report. We are<br/>independent of the Company in accordance with the<br/>International Ethics Standards Board for Accountants’<br/>International Code of Ethics for Professional Accountants<br/>(IESBA Code) and the additional ethical requirements<br/>applicable in Denmark, and we have fulfilled our other ethical<br/>responsibilities in accordance with these requirements and<br/>the IESBA Code. We believe that the audit evidence we<br/>have obtained is sufficient and appropriate to provide a<br/>basis for our opinion.Management is responsible for the management<br/>commentary.<br/>Our opinion on the financial statements does not cover<br/>the management commentary, and we do not express<br/>any form of assurance conclusion thereon.<br/>In connection with our audit of the financial statements,<br/>our responsibility is to read the management commentary<br/>and, in doing so, consider whether the management<br/>commentary is materially inconsistent with the financial<br/>statements or our knowledge obtained in the audit or<br/>otherwise appears to be materially misstated.<br/>Moreover, it is our responsibility to consider whether<br/>the management commentary provides the information<br/>required under the Danish Financial Statements Act.<br/>Based on the work we have performed, we conclude that<br/>the management commentary is in accordance with the<br/>financial statements and has been prepared in accordance<br/>with the requirements of the Danish Financial Statements<br/>Act. We did not identify any material misstatement of the<br/>management commentary.Management is responsible for the preparation of financial<br/>statements that give a true and fair view in accordance<br/>with the Danish Financial Statements Act, and for such<br/>internal control as Management determines is necessary<br/>to enable the preparation of financial statements that are<br/>free from material misstatement, whether due to fraud<br/>or error.<br/>In preparing the financial statements, Management is<br/>responsible for assessing the Entity’s ability to continue<br/>as a going concern, for disclosing, as applicable, matters<br/>related to going concern, and for using the going concern<br/>basis of accounting in preparing the financial statements<br/>unless Management either intends to liquidate the Entity<br/>or to cease operations, or has no realistic alternative but<br/>to do so.Our objectives are to obtain reasonable assurance<br/>about whether the financial statements as a whole<br/>are free from material misstatement, whether due<br/>to fraud or error, and to issue an auditor’s report<br/>that includes our opinion. Reasonable assurance is<br/>a high level of assurance, but is not a guarantee that<br/>an audit conducted in accordance with ISAs and<br/>the additional requirements applicable in Denmark<br/>will always detect a material misstatement when it<br/>exists. Misstatements can arise from fraud or error<br/>and are considered material if, individually or in the<br/>aggregate, they could reasonably be expected to<br/>influence the economic decisions of users taken on<br/>the basis of these financial statements.<br/>As part of an audit conducted in accordance with<br/>ISAs and the additional requirements applicable in<br/>Denmark, we exercise professional judgement and<br/>maintain professional scepticism throughout the<br/>audit. We also:<br/>• Identify and assess the risks of material<br/>misstatement of the financial statements, whether<br/>due to fraud or error, design and perform audit<br/>procedures responsive to those risks, and obtain<br/>audit evidence that is sufficient and appropriate<br/>to provide a basis for our opinion. The risk of not<br/>detecting a material misstatement resulting from<br/>fraud is higher than for one resulting from error,<br/>as fraud may involve collusion, forgery, intentional<br/>omissions, misrepresentations, or the override of<br/>internal control.<br/>• Obtain an understanding of internal control relevant<br/>to the audit in order to design audit procedures<br/>that are appropriate in the circumstances, but<br/>not for the purpose of expressing an opinion on<br/>the effectiveness of the Entity’s internal control.<br/>• Evaluate the appropriateness of accounting<br/>policies used and the reasonableness of accounting<br/>estimates and related disclosures made by<br/>Management.<br/>• Conclude on the appropriateness of Management’s<br/>use of the going concern basis of accounting in<br/>preparing the financial statements, and, based on<br/>the audit evidence obtained, whether a material<br/>uncertainty exists related to events or conditions<br/>that may cast significant doubt on the Entity’s<br/>ability to continue as a going concern. If we<br/>conclude that a material uncertainty exists, we<br/>are required to draw attention in our auditor’s<br/>report to the related disclosures in the financial<br/>statements or, if such disclosures are inadequate,<br/>to modify our opinion. Our conclusions are based<br/>on the audit evidence obtained up to the date<br/>of our auditor’s report. However, future events<br/>or conditions may cause the Entity to cease to<br/>continue as a going concern.<br/>• Evaluate the overall presentation, structure and<br/>content of the financial statements, including the<br/>disclosures in the notes, and whether the financial<br/>statements represent the underlying transactions<br/>and events in a manner that gives a true and fair<br/>view.<br/>We communicate with those charged with<br/>governance regarding, among other matters, the<br/>planned scope and timing of the audit and significant<br/>audit findings, including any significant deficiencies<br/>in internal control that we identify during our audit.Copenhagen2022-02-25Bjørn Winkler JakobsenHenrik Wolff MikkelsenState Authorised Public AccountantState Authorised Public Accountantmne32127mne33747Good corporate governance is an important focus area at Agillic. We continuously develop<br/>our practices, with the objective of supporting and securing processes and procedures.<br/>The ultimate authority over Agillic sits with the shareholders.<br/>At the annual general meetings, shareholders<br/>approve the annual report and any amendments proposed<br/>to the Company’s Articles of Association. Shareholders<br/>also elect board members and the independent auditor.<br/>The Board of Directors, the Executive Leadership and<br/>Management<br/>The management of Agillic is distributed between the<br/>Board of Directors and the Executive Leadership and<br/>Management. The Board of Directors supervises the<br/>Executive Leadership’s work and is responsible for the<br/>Company’s overall management and strategic direction,<br/>while the Executive Leadership is in charge of day-to-day<br/>management. The Executive Leadership and Management<br/>consists of the Chief Executive Officer, the Chief Financial<br/>Officer, the Chief Commercial Officer, the Chief Experience<br/>Officer and the Chief Product and Technology Officer.<br/>As per 31 December 2021 Agillic’s Board of Directors<br/>consisted of five shareholder-elected members. 4 of 5<br/>members are shareholders. One of the board members<br/>has a background in marketing, one has a background in<br/>finance and three have extensive experience as investors.<br/>Board members are elected by the shareholders at the<br/>Annual General Meeting, serve for a one-year term and<br/>are eligible for re-election.<br/>The Chairman of the Board<br/>The shareholders elect the Chairman of the Board at<br/>the annual general meeting. The Chairman performs<br/>administrative tasks, such as planning board meetings<br/>to ensure a balance between overall strategy setting and<br/>the financial and managerial supervision of the Company.<br/>Audit Committee<br/>The Audit Committee consists of Mikael Konnerup and<br/>Johnny Henriksen. It is responsible for assisting the<br/>Board in overseeing the financial reporting process, the<br/>effectiveness of the internal control and risk management<br/>systems, as well as security and quality issues in relation<br/>to client audits.<br/>Information Security Board<br/>The Information Security Board holds the overall<br/>responsibility for the Company’s Information Security<br/>Management System (ISMS). The Information Security<br/>Board must ensure that Agillic’s ISMS is compliant and<br/>inspection-ready for annual audits.<br/>Agillic is not covered by the Danish Financial Statement<br/>of Act, section 107B.527580005053400076980006326000450600004420800015304000141340002907400029803000682000271000118240008780000-11142000-8509000505000026420002286000-13279000-10795000-2739000-2833000-10540000-7962000-1.04-0.88-1.04-0.8800-10540000-7962000500000028438000278780000880002893800027966000468000695000305200040990002640003440003784000513800058300060500058300060500033305000337090001207000108600037140002392000100002380000338000273900028330002062300016294000282930002318200061598000568910001019000944000-33910000-336280002836800026865000-4523000-58190004173000279500023084000261510002885000248600022570003291000282260003192800048480001490000196160001521600079790001038600019900001080000895000378950003078200066121000627100006159800056891000213700022860001182400087800005092000-1800004942000100000017040001462000-2833000-3535000Tax on profit for the yearTax on profit for the yearIFRS 16IFRS 16Share-based paymentsShare-based payments-2739000-2833000-12820000450000909000607100030750000-40000460009190001139400011298000-11440000-121770001138700021821000-137800023600003067000-47570009698000242180004329000151160001629400011780002062300016294000