36486627 2022-07-01 2023-06-30 36486627 2022-07-01 2023-06-30 auditor_1 36486627 2022-07-01 2023-06-30 memberOfBoardIdentifier_1 36486627 2022-07-01 2023-06-30 memberOfBoardIdentifier_2 36486627 2021-07-01 2022-06-30 36486627 2023-06-30 36486627 2022-06-30 36486627 2022-06-30 fsa:ContributedCapitalMember 36486627 2022-06-30 fsa:RetainedEarningsMember 36486627 2022-07-01 2023-06-30 fsa:ContributedCapitalMember 36486627 2022-07-01 2023-06-30 fsa:RetainedEarningsMember 36486627 2023-06-30 fsa:ContributedCapitalMember 36486627 2023-06-30 fsa:RetainedEarningsMember iso4217:DKK pure Årsrapport 2022-07-01 2021-07-01 2023-06-30 2022-06-30 2023-12-29 36486627 2023-12-29 2015-01-01 Reporting class B DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB 2300 København S Weidekampsgade 6 33963556 Auditor's report on extended review Copenhagen 2023-12-21 DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB 33963556 Weidekampsgade 6 2300 Chantel Pernille Patel Simonsen The Executive Board has today discussed and approved the annual report for GITHUB DENMARK ApS for the financial year 1 July 2022 - 30 June 2023. The annual report has been prepared in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the Company's assets, liabilities and financial position at 30 June 2023 and of the results of the Company's operations for the financial year 1 July 2022 - 30 June 2023.Further, in our opinion, the Management's review gives a fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the annual general meeting. Benjamin Owen Orndorff Director Keith Ranger Dolliver Director Independent auditor's extended review report on the financial statements To the shareholder of GITHUB DENMARK ApS Opinion We have performed an extended review of the financial statements of GITHUB DENMARK ApS for the financial year 1 July 2022 - 30 June 2023 comprising income statement, balance sheet, statement of changes in equity and notes, including accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. Based on the work performed, it is our opinion that the financial statements give a true and fair view of the Company's assets, liabilities and financial position at 30 June 2023 and of the results of the Company's operations for the financial year 1 July 2022 - 30 June 2023 in accordance with the Danish Financial Statements Act. Basis for Opinion We conducted our extended review in accordance with the Danish Business Authority's Assurance Standard for Small Enterprises and FSR – Danish Auditors' standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the "Auditor's responsibility for the extended review 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 evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Management's responsibility for the financial statementsManagement 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 that 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. Auditor's responsibility for the extended review of the financial statementsOur responsibility is to express a conclusion on the financial statements. This requires that we plan and perform procedures in order to obtain limited assurance for our conclusion on the financial statements and in addition perform specifically required supplementary procedures in order to obtain further assurance for our conclusion.An extended review comprises procedures primarily consisting of making enquiries of Management and others within the entity, as appropriate, applying analytical procedures and the specifically required supplementary procedures, and evaluating the evidence obtained.The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on these financial statements. Statement on the Management's ReviewManagement is responsible for the Management's Review.Our conclusion on the financial statements does not cover the Management's Review, and we do not express any form of assurance conclusion thereon.In connection with our extended review of the financial statements, our responsibility is to read the Management's Review and, in doing so, consider whether the Management's Review is materially inconsistent with the financial statements or our knowledge obtained during the extended review, or otherwise appears to be materially misstated.Moreover, it is our responsibility to consider whether the Management's Review provides the information required under the Danish Financial Statements Act. Based on the work we have performed, we conclude that the Management's Review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statement Act. We did not identify any material misstatement of the Management's review. Christoffer Anholm Salmon mne47918 GITHUB DENMARK ApS Sundkrogsgade 21 DK-2100 København Ø København Principal activities The Company's principal activities are to develop web-based software and to engage in sales and marketing activities and other related activities. Development in activities and financial positionThe Company's income statement for 2022/23 shows a profit of DKK 4,591,410 as against a profit of DKK 3,868,688 in 2021/22. Equity in the Company's balance sheet at 30 June 2023 stood at DKK 12,977,918 as against DKK 8,386,508 at 30 June 2022. The financial year was in line with forecast, and results for the year are considered satisfactory. Events after the balance sheet date No events have occurred after the balance sheet date of material importance to the annual report for 2022/23. 52010836 38062572 45506513 34478369 464330 188666 6039993 3395537 539612 1566251 700225 0 5879380 4961788 1287970 1093100 4591410 3868688 4591410 0 296800 265347 296800 265347 21930948 15485832 92290 71659 1809288 560057 2285369 2260299 26117895 18377847 26117895 18377847 26414695 18643194 50000 50000 12927918 8336508 12977918 8386508 168604 152266 3764118 2747459 3039227 1724144 6464828 5632817 13436777 10256686 26414695 18643194 50000 8336508 0 4591410 50000 12927918 The annual report of GitHub Denmark ApS for 2022/23 has been prepared in accordance with the provisions applying to reporting class B entities under the Danish Financial Statements Act with opt-in of specific provisions for reporting class C.The accounting policies used in the preparation of the financial statements are consistent with those of last year.Minor reclassifications have been made to the comparative figures for 2021/22 in order to strengthen the true and fair view of the annual report. The reclassifications have no effect on results before tax, results for the year or equity. Foreign currency translation On initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Foreign exchange differences arising between the exchange rates at the transaction date and at the date of payment are recognised in the income statement as financial income or financial expenses. If foreign currency transactions are considered cash flow hedges, the value adjustments are taken directly to equity. Revenue Revenue consists of intra-group commissions equivalent to costs plus a mark-up. Revenue is measured at the fair value of the agreed consideration excluding VAT and taxes charged on behalf of third parties. All discounts granted are deducted from revenue. Other external costs Other external costs include costs for sales and administration. Staff costs 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 item is net of refunds made by public authorities. Financial income and expenses Financial income and expenses comprise interest income and expense, financial costs regarding finance leases, gains and losses on securities, payables and transactions denominated in foreign currencies, amortisation of financial assets and liabilities as well as surcharges and refunds under the on-account tax scheme, etc. Tax on profit for the year Tax for the year comprises current tax for the year and changes in deferred tax, including changes in tax rates. The tax expense relating to the profit/loss for the year is recognised in the income statement at the amount attributable to the profit/loss for the year and directly in equity at the amount attributable to entries directly in equity. Property, plant and equipmentFixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses.The depreciable amount is cost less the expected residual value at the end of the useful life.Cost comprises the purchase price and any costs directly attributable to the acquisition until the date when the asset is available for use. The cost of self-constructed assets comprises direct and indirect costs of materials, components, sub-suppliers and wages.Straight-line depreciation is provided on the basis of the following estimated useful lives of the assets:Fixtures, fittings, tools and equipment3 yearsThe useful life and residual value are reassessed annually. Changes are treated as accounting estimates, and the effect on depreciation is recognised prospectively. Gains and losses on the disposal of property, plant and equipment are stated as the difference between the selling price less selling costs and the carrying amount at the date of disposal. Gains and losses are recognised in the income statement as other operating income or other operating costs, respectively. Impairment of fixed assets The carrying amount of property, plant and equipment is subject to an annual test for indications of impairment other than the decrease in value reflected by depreciation. Impairment tests are conducted of individual assets or groups of assets when there is an indication that they may be impaired. Write-down is made to the recoverable amount if this is lower than the carrying amount. The recoverable amount is the higher of an asset's net selling price and its value in use. The value in use is determined as the present value of the forecast net cash flows from the use of the asset or the group of assets, including forecast net cash flows from the disposal of the asset or the group of assets after the end of the useful life. Corporation tax and deferred tax Current tax payable and receivable is recognised in the balance sheet as tax computed on the taxable income for the year, adjusted for tax on the taxable income of prior years and for tax paid on account. Deferred tax is measured according to the liability method in respect of temporary differences between carrying amount of assets and liabilities and their tax base, calculated on the basis of the planned use of the asset and settlement of the liability, respectively. Receivables Receivables are measured at amortised cost. Prepayments Prepayments recognised under 'Current assets' comprises expenses incurred concerning subsequent financial years. Liabilities Debt obligations, including debt to suppliers, affiliates and other debt, are measured at amortized cost, which usually corresponds to the nominal value. The liability in relation to frozen holiday funds is measured at net realisable value, including indexation. Indexation adjustments are recognised as interest expense in the income statement. Other liabilities are measured at amortised cost. 45022103 34202432 484410 275937 33 30 539612 1566251 Current tax for the year1,308,6061,091,261Deferred tax adjustment for the year-20,6311,839Adjustment of tax concerning previous years-501,287,970 1,093,100 Joint taxation The Company is jointly taxed with other group companies and jointly and severally liable with other jointly taxed entities for payment of income taxes as well as for payment of withholding taxes on dividends, interest and royalties. GITHUB DENMARK ApS' related parties comprise the following:Control GitHub B.V., Prins Bernhardplein 200, 1097JB Amsterdam, Holland. GitHub B.V. holds the majority of the contributed capital in the Company. GitHub Danmark ApS is part of the consolidated financial statements of GitHub B.V., Prins Bemhardplein 200, 1097JB Amsterdam, Holland, which is the smallest and largest group, in which the Company is included as a subsidiary. The consolidated financial statements of GitHub B.V. can be obtained by contacting the company at the address above.