27278388 2020-01-01 2020-12-31 27278388 2021-01-01 2021-12-31 27278388 2020-12-31 27278388 2021-12-31 27278388 2020-01-01 2020-12-31 fsa:RetainedEarningsMember 27278388 2021-01-01 2021-12-31 fsa:RetainedEarningsMember 27278388 2020-01-01 2020-12-31 fsa:ProposedDividendRecognisedInEquityMember 27278388 2021-01-01 2021-12-31 fsa:ProposedDividendRecognisedInEquityMember 27278388 2021-01-01 2021-12-31 1 27278388 2021-01-01 2021-12-31 3 27278388 2021-01-01 2021-12-31 2 27278388 2021-01-01 2021-12-31 1 27278388 2021-01-01 2021-12-31 2 27278388 2020-01-01 27278388 2021-01-01 27278388 2021-12-31 27278388 2021-12-31 iso4217:DKK xbrli:pure 1620 København V Vesterbrogade 6 D, 1 sal -2071584 2573173 -103531 -201430 60604745 51955900 43864116 43864116 664140 18702926 3449000 3449000 849803 -3916481 2728591 1936638 Værdiforringelse af materielle anlægsaktiver Impairment of property, plant and equipment Den regnskabsmæssige værdi af materielle anlægsaktiver gennemgås årligt for indikationer på værdiforringelse, ud over det som udtrykkes ved de normale afskrivninger. Hvis dette er tilfældet foretages der nedskrivning af hvert enkelt aktiv henholdsvis gruppe af aktiver til lavere genindvindingsværdi. The carrying amount of property plant and equipment is reviewed annually for indication of impairment for loss, apart from what is expressed by usual amortisation and depreciation. If this applies, impairment for loss is made of each asset or group of assets, respectively, to lower recoverable amount. Som genindvingsværdi anvendes den højeste værdi af forventet nettosalgspris og kapitalværdi. Kapitalværdi opgøres som nutidsværdien af de forventede nettopengestrømme fra anvendelsen af aktivet eller aktivgruppen. As recoverable amount, the higher of expected net selling price and net present value is applied. The net present value is calculated as the present value of the anticipated cash flows from the use of the asset or the group of assets. Årets nedskrivninger indregnes i resultatopgørelsen under af- og nedskrivninger af materielle anlægsaktiver. Impairment for loss for the year is recognised in the income statement as amortisation, depreciation and impairment for loss of property, plant and equipment assets. Grundlag for konklusion Basis for opinion Vi har udført vores revision i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark. Vores ansvar ifølge disse standarder og krav er nærmere beskrevet i revisionspåtegningens afsnit "Revisors ansvar for revisionen af årsregnskabet". Vi er uafhængige af selskabet i overensstemmelse med International Ethics Standards Board for Accountants’ internationale retningslinjer for revisorers etiske adfærd (IESBA Code) og de yderligere etiske krav, der er gældende i Danmark, ligesom vi har opfyldt vores øvrige etiske forpligtelser i henhold til disse krav og IESBA Code. 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. Det er vores opfattelse, at det opnåede revisionsbevis er tilstrækkeligt og egnet som grundlag for vores konklusion. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. <table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse: collapse; width: 718px" ><tr><td style="width: 6%"></td><td style="width: 14%"></td><td style="width: 14%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 14%"></td><td style="width: 6%"></td><td style="width: 13%"></td></tr><tr><td Colspan = 1 style="text-align: left">12</td><td Colspan = 9 style="text-align: left">Kontraktlige forpligtelser</td></tr><tr><td Colspan = 1 style="border-bottom: 1px solid; text-align: left"></td><td Colspan = 9 style="border-bottom: 1px solid; text-align: left">Contractual obligations</td></tr><tr><td Colspan = 10 style="border-top: 1px solid; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Selskabet har indgået aftale om leje af lokaler, frem til 2027. Den samlede resterende lejeforpligtelse udgør ca. t. kr. 56.488 og fordeles ligeligt over perioden.</td><td Colspan = 1 style="text-align: left">The company has made a rent agreement for shop facilities pending the year 2027. The overall residual rent agreement aggregate approx. t.DKK 56.488, and is equally divided during the period.</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Selskabet har indgået operationel leasingkontrakt om leasing af kopimaskine. Leasingaftalen er uopsigelig indtil 2024. Den samlede leasingforpligtelse udgør ca. t.kr. 112.</td><td Colspan = 1 style="text-align: left">The Company has entered into operating lease for lease of copying machine.. The lease is interminable until 2024. The total lease commitment represents approx. t.DKK 112.</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse: collapse; width: 718px" ><tr><td style="width: 6%"></td><td style="width: 14%"></td><td style="width: 14%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 14%"></td><td style="width: 6%"></td><td style="width: 13%"></td></tr><tr><td Colspan = 1 style="text-align: left">7</td><td Colspan = 9 style="text-align: left">Anlægs- og afskrivningsoversigt,</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">materielle anlægsaktiver</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">List of fixed assets, amortisation and depreciation,</td></tr><tr><td Colspan = 1 style="border-bottom: 1px solid; text-align: left"></td><td Colspan = 9 style="border-bottom: 1px solid; text-align: left">property, plant and equipment</td></tr><tr><td Colspan = 5 style="border-top: 1px solid; text-align: left"></td><td Colspan = 1 style="text-align: Center">Andre anlæg,</td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: Center"></td></tr><tr><td Colspan = 5 style="text-align: left"></td><td Colspan = 1 style="text-align: Center">driftsmateriel</td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 5 style="text-align: left"></td><td Colspan = 1 style="text-align: Center">og inventar</td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: Center">I ALT</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 5 style="text-align: left"></td><td Colspan = 1 style="text-align: Center">Equipment,</td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: Center"></td></tr><tr><td Colspan = 5 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Center">automobiles</td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Center">TOTAL</td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Center">31/12 2020</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Kostpris pr. 1/1 2021</td><td Colspan = 1 style="text-align: Right">84.917.961</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">84.917.961</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">76.342.990</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Cost at 1/1 2021</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Tilgang i året</td><td Colspan = 1 style="text-align: Right">1.978.360</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">1.978.360</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">8.574.971</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Additions for the year</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Afgang i året</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">-65.958</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">-65.958</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">0</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Disposals for the year</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">KOSTPRIS PR. 31/12 2021</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">86.830.363</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">86.830.363</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">84.917.961</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">COST AT 31/12 2021</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Af- og nedskrivninger pr. 1/1 2021</td><td Colspan = 1 style="text-align: Right">66.403.430</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">66.403.430</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">58.764.784</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Amortisation, depreciation and impairment at 1/1 2021</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Årets afskrivninger</td><td Colspan = 1 style="text-align: Right">6.863.124</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">6.863.124</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">7.638.646</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Amortisation and depreciation for the year</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Af- og nedskrivn., afgang i året</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">-8.343</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">-8.343</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">0</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Amortisation and impairment, disposals for the year</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">AF- OG NEDSKRIVNINGER PR. 31/12 2021</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">73.258.211</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">73.258.211</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">66.403.430</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">AMORTISATION, DEPRECIATION AND IMPAIRMENT</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">AT 31/12 2021</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">REGNSKABSMÆSSIG VÆRDI PR. 31/12 2021</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">13.572.152</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">13.572.152</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">18.514.531</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">CARRYING AMOUNT AT 31/12 2021</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Salgspris, afgang</td><td Colspan = 1 style="text-align: Right">0</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">0</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">0</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Selling price, disposals</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Regnskabsmæssig værdi, afgang</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">57.615</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">57.615</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">0</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Carrying amount, disposals</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">FORTJENESTE/TAB VED SALG</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">-57.615</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">-57.615</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">0</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">PROFIT/LOSS ON SALE</td></tr></table> 46278512 67914216 Årsrapport 8429245 8413182 19883565 15967084 inforevision, Statsautoriseret Revisionsaktieselskab 953972 1206606 4526214 0 8429245 8413182 Til kapitalejeren i Deichmann-Sko ApS To the shareholder of Deichmann-Sko ApS 2860 Søborg Buddingevej 312 -1928312 2811440 -246803 -305264 144 144 43864116 60604745 43864116 60604745 -8755924 -1962297 1764534 -1268805 Statsautoriseret revisor Statsautoriseret revisor <table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse: collapse; width: 718px" ><tr><td style="width: 6%"></td><td style="width: 14%"></td><td style="width: 14%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 14%"></td><td style="width: 6%"></td><td style="width: 13%"></td></tr><tr><td Colspan = 1 style="text-align: left">14</td><td Colspan = 9 style="text-align: left">Koncernforhold</td></tr><tr><td Colspan = 1 style="border-bottom: 1px solid; text-align: left"></td><td Colspan = 9 style="border-bottom: 1px solid; text-align: left">Group structure</td></tr><tr><td Colspan = 10 style="border-top: 1px solid; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Følgende modervirksomhed udarbejder koncernregnskab:</td><td Colspan = 1 style="text-align: left">Consolidated Financial Statements The Company is included in the Group Annual Report of the Parent Company of the largest group:</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Deichmann SE, Essen</td><td Colspan = 1 style="text-align: left">Deichmann SE, Essen</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Koncernregnskabet kan rekvireres på www.bundesanzeiger.de.</td><td Colspan = 1 style="text-align: left">The consolidated financial statements can be requested at www.bundesanzeiger.de.</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr></table> HOVED- OG NØGLETALSOVERSIGT FINANCIAL HIGHLIGHTS Nøgletallene er udarbejdet i overensstemmelse med "Anbefalinger & Nøgletal 2015" fra Finansforeningen. The ratios have been prepared in accordance with "Guidelines and ratios 2015 " from The Danish Finance Analysts Society. Nøgletallene er beregnet således: The ratios have been calculated as follows: Afkast af investeret kapital = Return on invested capital = Resultat af primær drift * 100 Operating profit * 100 Gns. investeret kapital Av. invested capital Soliditetsgrad = Solvency = Egenkapital ultimo * 100 Equity at year-end * 100 Samlede aktiver Total assets Forrentning af egenkapital = Return on equity = Årets resultat * 100 Profit or loss for the year * 100 Gennemsnitlig egenkapital Average equity Investeret kapital= driftsmæssige immaterielle og materielle anlægsaktiver samt nettoarbejdskapital. Invested capital= Intangible and fixed assets relating to the activities + networkingcapital. Direktør Direktionsmedlem Direktionsmedlem Egenkapital Equity Ledelsens forslag til udbytte for regnskabsåret vises som en særskilt post under egenkapitalen. Managements proposal for dividends for the financial year is disclosed as a separate item in equity. Andre finansielle indtægter og øvrige finansielle omkostninger Other financial income and other financial expenses Finansielle indtægter og omkostninger indregnes i resultatopgørelsen med de beløb, der vedrører regnskabsåret. Finansielle poster omfatter renter, realiserede og urealiserede valutakursfortjenester og -tab, samt rentetillæg og rentegodtgørelse under acontoskatteordningen. Financial income and expenses is recognised with amounts concerning the financial year. Financial items comprise interest, realised and unrealised exchange gains and losses, as well as interest surcharge and interest reimbursements under the Danish Tax Prepayment Scheme. Gældsforpligtelser Other liabilities other than provisions Gældsforpligtelser er målt til amortiseret kostpris svarende til nominel værdi. Other liabilities other than provisions have been measured at amortised cost which corresponds to nominal value. Andre driftsindtægter Other operating income Andre driftsindtægter indeholder regnskabsposter af sekundær karakter i forhold til virksomhedens hovedaktivitet, herunder avance ved salg af anlægsaktiver samt indtægter fra kompensationspakke i forbindelse med COVID-19. Other operating income includes financial statement items of a secondary nature in relation to the primary activity of the enterprise, including profit on sale of fixed assets as well as income from COVID-19. <table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse: collapse; width: 718px" ><tr><td style="width: 6%"></td><td style="width: 14%"></td><td style="width: 14%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 14%"></td><td style="width: 6%"></td><td style="width: 13%"></td></tr><tr><td Colspan = 1 style="text-align: left">11</td><td Colspan = 9 style="text-align: left">Pantsætninger og</td></tr><tr><td Colspan = 1 style="font-weight: bold; text-align: left"></td><td Colspan = 9 style="text-align: left">sikkerhedsstillelser</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Assets charged and </td></tr><tr><td Colspan = 1 style="border-bottom: 1px solid; text-align: left"></td><td Colspan = 9 style="border-bottom: 1px solid; text-align: left">security</td></tr><tr><td Colspan = 10 style="border-top: 1px solid; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Selskabet har stillet garanti overfor trediemand med i alt t.kr. 3.391.</td><td Colspan = 1 style="text-align: left">The Company has provided a third party guarantee by a total of t.DKK 3.691.</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse: collapse; width: 718px" ><tr><td style="width: 6%"></td><td style="width: 14%"></td><td style="width: 14%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 14%"></td><td style="width: 6%"></td><td style="width: 13%"></td></tr><tr><td Colspan = 1 style="text-align: left">13</td><td Colspan = 9 style="text-align: left">Nærtstående parter</td></tr><tr><td Colspan = 1 style="border-bottom: 1px solid; text-align: left"></td><td Colspan = 9 style="border-bottom: 1px solid; text-align: left">Related parties</td></tr><tr><td Colspan = 10 style="border-top: 1px solid; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Selskabets nærtstående parter omfatter følgende:</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">The Companys related parties comprise the following:</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Bestemmende indflydelse: </td><td Colspan = 1 style="text-align: left">Grundlag for bestemmende indflydelse:</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Controlling influence: </td><td Colspan = 1 style="text-align: left">Basis of controlling influence:</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Deichmann Schuhe Service GmbH</td><td Colspan = 1 style="text-align: left">Hovedanpartshaver</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Deichmannweg 9, Essen</td><td Colspan = 1 style="text-align: left">Main shareholder</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Nordrhein-Westfalen, 45359, Germany</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Deichmann SE </td><td Colspan = 1 style="text-align: left">Ejer af Deichmann Schuhe Service GmbH med 100%</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Deichmannweg 9, Essen</td><td Colspan = 1 style="text-align: left">Owner of Deichmann Schuhe Service GmbH with 100%</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Nordrhein-Westfalen, 45359, Germany</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Heinrich Otto Deichmann</td><td Colspan = 1 style="text-align: left">Ejer af Deichmann SE med 69%</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 5 style="text-align: left"></td><td Colspan = 1 style="text-align: left">Owner of Deichmann SE with 69%</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Der er ikke sket oplysning af transaktioner med nærtstående parter, da det er opfattelsen, at alle transaktioner er gennemført på markedsmæssige vilkår. </td><td Colspan = 1 style="text-align: left">No diclosures of transactions with related parties as Management believes that all trancations with related parties has been carried out on arms lenght basis. </td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr></table> Direktionen har dags dato behandlet og godkendt årsrapporten for 1. januar - 31. december 2021 for Deichmann-Sko ApS. The Executive Boards have today discussed and approved the annual report for the financial year 1 January - 31 December 2021 of Deichmann-Sko ApS. -1398558 3500000 MANAGEMENTS REVIEW 2021, CONTINUED Hoved- og nøgletal Financial highlights Beløb i t.kr. Ge0eral Ge0eral Ge0eral Ge0eral 2021 Amounts in DKK 000 Resultatopgørelse Income statement Bruttofortjeneste 63.564 73.353 58.636 46.279 67.914 Gross profit/loss Resultat af primær drift 9.938 18.909 4.220 -9.273 12.149 Profit from primary activities Finansielle poster, netto Ge0eral -84 -62 -143 -104 Net financials Årets resultat 7.748 14.679 3.240 -7.345 9.395 Profit/loss for the year Balance Balance sheet Balancesum 96.231 100.438 105.703 105.398 111.933 Balance sheet total Investeringer i materielle anlægsaktiver 10.028 2.280 10.857 8.575 1.978 Investments in property, plant and equipment Investeret kapital 11.369 23.521 22.158 23.256 12.462 Invested capital Egenkapital 68.690 83.369 86.609 79.264 88.660 Equity Nøgletal Ratios Afkast af investeret kapital Ge0eral 108 18 -41 68 Return on invested capital Soliditetsgrad Ge0eral 83 82 75 79 Solvency ratio Forrentning af egenkapital Ge0eral 19 4 -9 11 Return on equity Årsrapporten er udarbejdet i overensstemmelse med dansk regnskabslovgivning samt almindeligt anerkendt regnskabspraksis. The annual report has been prepared in accordance with Danish financial statements legislation as well as generally accepted accounting principles. Årsrapporten aflægges efter årsregnskabslovens regnskabsklasse C for mellemstore virksomheder. The annual report has been prepared in accordance with the reporting requirements of the Danish Financial Statements Act of class C enterprises for medium-sized enterprises. Anvendt regnskabspraksis er uændret i forhold til sidste år. The accounting policies have not been changed from last year. 2860 Søborg Buddingevej 312 105398226 111933092 Regnskabsklasse C, mellemstor virksomhed Årsrapporten er aflagt i overensstemmelse med årsregnskabsloven. The annual report has been prepared in accordance with the Danish Financial Statements Act. Det er vores opfattelse, at årsregnskabet giver et retvisende billede af selskabets aktiver, passiver og finansielle stilling pr. 31. december 2021 samt af resultatet af selskabets aktiviteter og pengestrømme for regnskabsåret 1. januar - 31. december 2021. In our opinion the financial statements give a true and fair view of the Companys financial position at 31 December 2021 and of the result of the Companys operation and cash flow for the financial year 1 January - 31 December 2021. 2022-02-15 2022-02-15 Leasing Leasing Øvrige leasingkontrakter betragtes som operationel leasing. Ydelser i forbindelse med operationel leasing indregnes lineært i resultatopgørelsen over leasingperioden. Remaining leases are considered operating lease. Payments in relation to operating lease are recognised on a straight-line basis in the income statement over the term of the lease. Personaleomkostninger Staff costs Personaleomkostninger omfatter løn og gager, inklusive feriepenge og pensioner samt andre omkostninger til social sikring m.v. til selskabets medarbejdere. I personaleomkostninger er fratrukket modtagne godtgørelser fra offentlige myndigheder. Staff costs include wages and salaries including holiday pay and pensions and other social security costs etc. To the Company´s employees. Staff costs are reduced with payments received from public authorities. Eksterne omkostninger External expenses Eksterne omkostninger omfatter omkostninger til handelsvarer samt salgs-, lokale- og administrations- omkostninger. External costs comprise cost of consumables/goods for resale as well as sales facility costs and administrative expenses. Bruttofortjeneste Gross profit/loss Selskabet har foretaget et sammendrag af posterne "nettoomsætning", "andre driftsindtægter", "ændring i lagre af handelsvarer" samt "eksterne omkostninger". The Company has integrated the items "revenue", "other operating income", "change in inventory of goods for resale" as well as "external expenses". Andre tilgodehavender, der er anlægsaktiver Other receivables (fixed assets) Andre tilgodehavender indregnet under anlægsaktiver omfatter lejedeposita, som er målt til amortiseret kostpris, hvilket sædvanligvis svarer til nominel værdi. I tilfælde hvor den regnskabsmæssige værdi overstiger genindvindingsværdien, nedskrives til denne lavere værdi. Årets nedskrivning indregnes i resultatopgørelsen under nedskrivning af finansielle aktiver. Other receivables recognised under fixed assets comprise rental deposits measured at amortised cost, which usually corresponds to nominal amount. In events when the carrying amount exceeds the recoverable amount, impairment for loss is made to such lower value. Impairment for loss for the year is recognised in the income statement as impairment for loss of financial assets. Tilgodehavender Receivables Tilgodehavender måles til amortiseret kostpris, der sædvanligvis svarer til nominel værdi. Værdien reduceres med nedskrivning til imødegåelse af forventede tab efter en individuel vurdering. Receivables are measured at amortised cost which usually corresponds to nominal value. The value is reduced by write-down for bad debt according to an individual assessment. Nettoomsætning Revenue Som indtægtskriterium anvendes leveringskriteriet, således at nettoomsætningen omfatter årets leverede omsætning. Nettoomsætningen ved salg af handelsvarer indregnes i resultatopgørelsen, såfremt levering og risikoovergang til køber har fundet sted inden regnskabsårets udgang. Nettoomsætningen måles til dagsværdien ekskl. moms og med fradrag af afgivne rabatter. As income recognition criterion, the completed contract method is applied so that revenue comprises invoiced revenue for the year. Revenue from the sale of goods for resale is recognised in the income statement when delivery is made and risk has passed to the buyer before the end of the financial year. Revenue is measured at fair value excl. VAT and less granted goods and customer discounts. Skat af årets resultat og selskabsskat Tax on profit or loss for the year income taxes Skat af årets resultat udgør 22 % af det regnskabsmæssige resultat korrigeret for ikke indkomstskattepligtige og ikke fradragsberettigede poster. Tax on profit or loss for the year represents 22 % of the book profit or loss adjusted for non-taxable and non-deductible items. Skat af årets resultat er sammensat af den forventede skat af årets skattepligtige indkomst reguleret for årets forskydning i udskudt skat. Ændring i udskudt skat som følge af ændring i skattesatser indregnes i resultatopgørelsen. Tax on profit or loss for the year consists of the anticipated tax portion of the taxable income for the year adjusted for the changes for the year in deferred tax.Changes in deferred taxes due to adjustments of tax rates is recognised in the income statement. Selskabsskat vedrørende regnskabsåret, som ikke er afregnet på balancedagen, klassificeres som selskabsskat under enten tilgodehavender eller gældsforpligtelser. Corporation tax relating to the financial year which has not been settled at the balance sheet date is to be classified as corporation tax in receivables or liabilities other than provisions. Selskabet er omfattet af acontoskatteordningen. Rentegodtgørelse og rentetillæg er indregnet under finansielle indtægter og omkostninger. The Company is subject to the Danish Tax Prepayment Scheme. Interest reimbursement and interest surcharge have been recognised in financial income and expenses. Væsentligste aktiviteter Primary activities Deichmann-Sko ApS hovedaktivitet er at drive handel med sko, skoartikler samt tekstiler fra egne butikker. The objectives of Deichmann-Sko ApS is to run a business with shoes, shoe items, textiles from own shops. Begivenheder efter regnskabsårets afslutning Events after the balance sheet date Der er ikke indtrådt betydningsfulde begivenheder efter regnskabsårets afslutning, som kan have indflydelse på bedømmelsen af selskabets finansielle stilling pr. 31. december 2021. No significant events have occurred after the balance sheet date which would influence the evaluation of the Companys financial position at 31 december 2021. <table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse: collapse; width: 718px" ><tr><td style="width: 6%"></td><td style="width: 14%"></td><td style="width: 14%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 14%"></td><td style="width: 6%"></td><td style="width: 13%"></td></tr><tr><td Colspan = 1 style="text-align: left">8</td><td Colspan = 9 style="text-align: left">Anlægsoversigt,</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">finansielle anlægsaktiver</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">List of fixed assets, amortisation and depreciation,</td></tr><tr><td Colspan = 1 style="border-bottom: 1px solid; text-align: left"></td><td Colspan = 9 style="border-bottom: 1px solid; text-align: left">fixed asset investments</td></tr><tr><td Colspan = 10 style="border-top: 1px solid; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left"> </td><td Colspan = 1 style="text-align: Center">Andre</td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: Center"></td></tr><tr><td Colspan = 5 style="text-align: left"></td><td Colspan = 1 style="text-align: Center">tilgodehavender</td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: Center">I alt</td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 5 style="text-align: left"></td><td Colspan = 1 style="text-align: Center">Other</td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="text-align: Center"></td></tr><tr><td Colspan = 5 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Center">receivables</td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Center">Total</td><td Colspan = 1 style="text-align: Center"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Center">2020</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Kostpris pr. 1/1 2021</td><td Colspan = 1 style="text-align: Right">8.429.244</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">8.429.244</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">8.248.092</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Cost 1/1 2021</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Tilgang i året</td><td Colspan = 1 style="text-align: Right">28.699</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">28.699</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">181.152</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Additions for the year</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Afgang i året</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">-44.761</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">-44.761</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">0</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Disposals for the year</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">KOSTPRIS PR. 31/12 2021</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">8.413.182</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">8.413.182</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">8.429.244</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">COST AT 31/12 2021</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">REGNSKABSMÆSSIG</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">VÆRDI PR. 31/12 2021</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">8.413.182</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">8.413.182</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">8.429.244</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">CARRYING AMOUNT AT 31/12 2021</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse: collapse; width: 718px" ><tr><td style="width: 6%"></td><td style="width: 14%"></td><td style="width: 14%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 14%"></td><td style="width: 6%"></td><td style="width: 13%"></td></tr><tr><td Colspan = 1 style="text-align: left">10</td><td Colspan = 9 style="text-align: left">Langfristede gældsforpligtelser</td></tr><tr><td Colspan = 1 style="border-bottom: 1px solid; text-align: left"></td><td Colspan = 9 style="border-bottom: 1px solid; text-align: left">Long-term liabilities other than provisions</td></tr><tr><td Colspan = 10 style="border-top: 1px solid; text-align: left">&nbsp</td></tr><tr><td Colspan = 7 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">31/12 2021</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">31/12 2020</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Gældsforpligtelser i alt:</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Total debt:</td></tr><tr><td Colspan = 10 style="font-weight: bold; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Anden gæld</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">0</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">4.526.214</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Other payables</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">I ALT</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">0</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">4.526.214</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">TOTAL</td></tr><tr><td Colspan = 10 style="font-weight: bold; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Gæld, der forfalder inden for et år:</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Instalments next financial year:</td></tr><tr><td Colspan = 10 style="font-weight: bold; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Anden gæld</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">0</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">0</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Other payables</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">I ALT</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">0</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">0</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">TOTAL</td></tr><tr><td Colspan = 10 style="font-weight: bold; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Gæld, der forfalder efter 5 år:</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Debt outstanding after 5 years:</td></tr><tr><td Colspan = 10 style="font-weight: bold; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Anden gæld</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">0</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">0</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Other payables</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">I ALT</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">0</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">0</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">TOTAL</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse: collapse; width: 718px" ><tr><td style="width: 6%"></td><td style="width: 14%"></td><td style="width: 14%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 14%"></td><td style="width: 6%"></td><td style="width: 13%"></td></tr><tr><td Colspan = 1 style="text-align: left">4</td><td Colspan = 6 style="text-align: left">Øvrige finansielle omkostninger</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">2021</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">2020</td></tr><tr><td Colspan = 1 style="border-bottom: 1px solid; text-align: left"></td><td Colspan = 9 style="border-bottom: 1px solid; text-align: left">Other financial expenses</td></tr><tr><td Colspan = 10 style="border-top: 1px solid; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Renteomkostninger til tilknyttede virksomheder</td><td Colspan = 1 style="text-align: Right">4.446</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">0</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Interest expenses to group enterprises</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Finansielle omkostninger i øvrigt</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">300.818</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">246.803</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Other financial expenses</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">I ALT</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">305.264</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">246.803</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">TOTAL</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse: collapse; width: 718px" ><tr><td style="width: 6%"></td><td style="width: 14%"></td><td style="width: 14%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 14%"></td><td style="width: 6%"></td><td style="width: 13%"></td></tr><tr><td Colspan = 1 style="text-align: left">3</td><td Colspan = 6 style="text-align: left">Andre finansielle indtægter</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">2021</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">2020</td></tr><tr><td Colspan = 1 style="border-bottom: 1px solid; text-align: left"></td><td Colspan = 9 style="border-bottom: 1px solid; text-align: left">Other financial income</td></tr><tr><td Colspan = 10 style="border-top: 1px solid; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Renteindtægter fra tilknyttede virksomheder</td><td Colspan = 1 style="text-align: Right">102.805</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">101.033</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Interest income from group enterprises</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Finansielle indtægter i øvrigt</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">98.625</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">2.498</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Other financial income</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">I ALT</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">201.430</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">103.531</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">TOTAL</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse: collapse; width: 718px" ><tr><td style="width: 6%"></td><td style="width: 14%"></td><td style="width: 14%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 14%"></td><td style="width: 6%"></td><td style="width: 13%"></td></tr><tr><td Colspan = 1 style="text-align: left">9</td><td Colspan = 9 style="text-align: left">Periodeafgrænsningsposter</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">(tilgodehavender)</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">31/12 2021</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">31/12 2020</td></tr><tr><td Colspan = 1 style="border-bottom: 1px solid; text-align: left"></td><td Colspan = 9 style="border-bottom: 1px solid; text-align: left">Prepayments</td></tr><tr><td Colspan = 10 style="border-top: 1px solid; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Husleje</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">1.936.638</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">2.728.591</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Rent</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">I ALT</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">1.936.638</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">2.728.591</td></tr></table> 246803 305264 19883565 15967084 105398226 111933092 Deichmann-Sko ApS 3381924 1849029 København V 2020-01-01 0 76818 78454450 89947758 4792683 2219510 825480 617504 7638646 6863124 7638646 6863124 PENGESTRØMSOPGØRELSE CASH FLOW STATEMENT Pengestrømsopgørelsen viser selskabets pengestrømme for året samt selskabets likvider ved årets udgang. The cash flow statement shows the Companys cash flows for the year as well as the Companys cash and cash equivalents at year-end. Likviditetsvirkningen af køb og salg af virksomheder vises separat under pengestrømme fra investeringsaktiviteten. I pengestrømsopgørelsen indregnes pengestrømme vedrørende købte virksomheder fra overtagelsestidspunktet, og pengestrømme vedrørende solgte virksomheder indregnes frem til overdragelsestidspunktet. Cash flows from acquissitions and divestments are shown separately under cash flows from investing activities. In the cash flow statement, cash flows regarding acquired companies are recognized from the date of acquisition and cash flows from divested companies are recognized until the transfer date. Pengestrømme fra driftsaktivitet er opgjort som årets resultat reguleret for ikke likvide driftsposter, betalte finansielle poster, selskabsskatter samt stigning og fald i varebeholdninger, tilgodehavender fra salg og tjenesteydelser, gæld til leverandører af varer og tjenesteydelser og andre ændringer i driftskapitalen. Cash flows from operating activities have been calculated as profit or loss adjusted for non-cash operating items, financial income and expenses paid, corporation taxes as well as increase and decrease in inventories, trade receivables, trade payables and other changes in assets and liabilities other than provisions deriving from operations. Pengestrømme fra investeringsaktivitet omfatter betalinger i forbindelse med køb og salg af anlægsaktiver samt betalinger i forbindelse med køb og salg af virksomheder. Cash flows from investing activities comprise payments in connection with acquisition and sale of fixed assets as well as payments in connection with acquisition and divestment of companies. Pengestrømme fra finansieringsaktivitet omfatter betalinger fra optagelse og tilbagebetaling af langfristede gældsforpligtelser samt ind- og udbetalinger til kapitalejere. Cash flows from financing activities comprise payments from inception and repayment of long-term liabilities other than provisions as well as payments made to and received from shareholders. Likvider omfatter likvide beholdninger. Cash and cash equivalents comprise cash funds Udviklingen i selskabets aktiviteter og økonomiske forhold Development in the Companys activities and finances Virksomheden har været kraftig påvirket af COVID19 situationen med tvangslukning af de fysiske butikker fra slut december 2020 til midt april 2021. Firmaet modtog økonomisk hjælp i form af kompensationspakker for løn og faste omkostninger fra Erhvervsstyrelsen, som er medtaget i regnskabet. Efter genåbningen af de fysiske butikker i april, blev en del af den tabte omsætning indhentet primært i 2. halvår og firmaet ender med et positivt resultat før skat på 12,0 M kr. Ledelsen anser resultatet som tilfredsstillende. The company has been strongly impacted by the COVID19 situation with lockdown of the physical shops from end December 2020 to mid-April 2021. The company received financial compensation from the Danish Government for wages and fixed costs, which are included in the financial result. After the reopening of the physical shops, part of the lost turnover was recovered mainly in the second half year, and the company ends up with a positive result before tax of 12,0 M dkk. The management considers the result satisfactory. Den forventede udvikling Outlook Virksomheden forventer, forudsat ingen tvangslukninger af butikker i 2022, et positivt resultat på niveau med 2019 resultatet, i næste regnskabsår med renovering af eksisterende butikker og åbning af nye butikker og yderligere investeringer i omni-channel aktiviteter. The company forecast, if no lockdown of shops in 2022, a positive result in line with 2019 result for the financial year 2022 with renovation of existing shops and opening of new shops and further investments in omni-channel activities. GENERELT OM INDREGNING OG MÅLING RECOGNITION AND MEASUREMENT Regnskabet er udarbejdet med udgangspunkt i det historiske kostprisprincip. The financial statements have been prepared based on historical cost. Indtægterne indregnes i resultatopgørelsen i takt med, at de indtjenes. Herudover indregnes værdireguleringer af finansielle aktiver og forpligtelser, der måles til dagsværdi eller amortiseret kostpris. Endvidere indregnes i resultatopgørelsen alle omkostninger, der er afholdt for at opnå årets indtjening, herunder afskrivninger, nedskrivninger og hensatte forpligtelser samt tilbageførsler som følge af ændrede regnskabsmæssige skøn af beløb, der tidligere har været indregnet i resultatopgørelsen. The income is recognised in the income statement as earned. Further to this, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Furthermore, all costs incurred to earn the profit or loss for year have been recognised, including amortisation, depreciation, write-down and provisions as well as reversals as a consequence of changed accounting estimates of amounts previously recognised in the income statement. Aktiver indregnes i balancen, når det er sandsynligt, at fremtidige økonomiske fordele vil tilflyde selskabet, og aktivets værdi kan måles pålideligt. Assets are recognised in the balance sheet when it is probable that future economic benefits will flow into the Company, and the value of the asset can be measured reliably. Forpligtelser indregnes i balancen, når det er sandsynligt, at fremtidige økonomiske fordele vil fragå selskabet, og forpligtelsens værdi kan måles pålideligt. 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. Ved første indregning måles aktiver og forpligtelser til kostpris. Efterfølgende måles aktiver og forpligtelser som beskrevet for hver enkelt regnskabspost nedenfor. On initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described below for each financial statement item. Visse finansielle aktiver og forpligtelser måles til amortiseret kostpris, hvorved der indregnes en konstant effektiv rente over løbetiden. Amortiseret kostpris opgøres som oprindelig kostpris med fradrag af afdrag og tillæg/fradrag af den akkumulerede afskrivning af forskellen mellem kostprisen og det nominelle beløb. Herved fordeles kurstab og -gevinst over løbetiden. Certain financial assets and liabilities are measured at amortised cost, by which a constant redemption yield is recognised in the maturity. Amortised cost is calculated as original cost less instalments and addition/deduction of the accumulated amortisation of the difference between cost and the nominal amount. Thereby, capital and exchange losses or gains are allocated over the maturity. Ved indregning og måling tages hensyn til forudsigelige tab og risici, der fremkommer, inden årsrapporten aflægges, og som be- eller afkræfter forhold, der eksisterer på balancedagen. On recognition and measurement, anticipated losses and risks that appear before presentation of the annual report and which confirm or invalidate affairs or conditions existing at the balance sheet date are considered. Som målevaluta benyttes danske kroner. Alle andre valutaer anses som fremmed valuta. The functional currency is Danish kroner. All other currencies are considered foreign currencies. Miljø Environment Virksomheden arbejder aktivt med forskellige miljøtiltag og forventer blandt andet, at afskaffe alle plastikposer med udgangen af 2022 og kun sælge genbrugsposer i butikkerne. The company actively work with different environmental activities and expect for example to eliminate all plastic bags by the end of 2022 and only sell recycled bags in the shops. VALUTAOMREGNING FOREIGN CURRENCY TRANSLATION Transaktioner i fremmed valuta er i årets løb omregnet til transaktionsdagens kurs. Hvis valutapositioner anses for sikring af fremtidige pengestrømme, indregnes værdireguleringerne direkte på egenkapitalen. During the year, transactions in foreign currencies have been translated applying the exchange rate at the transaction date. If currency positions are considered hedge of future cash flows, the value adjustments are recognised directly in equity. Tilgodehavender og gæld i fremmed valuta er indregnet til balancedagens kurs. Receivables and debt denominated in foreign currencies have been recognised at the exchange rate of the balance sheet date. Realiserede og urealiserede valutakursfortjenester og -tab er indregnet i resultatopgørelsen under andre finansielle indtægter og omkostninger. Realised and unrealised exchange gains and losses have been recognised in the income statement under other financial income and expenses. Periodeafgrænsningsposter Prepayments and deferred income Periodeafgrænsningsposter, indregnet under aktiver, omfatter afholdte omkostninger vedrørende efterfølgende regnskabsår. Prepayments comprise costs incurred relating to subsequent financial years. Varebeholdninger Inventories Varebeholdninger måles efter gennemsnitsmetoden. I tilfælde, hvor kostprisen overstiger nettorealisations-værdien, nedskrives til denne lavere værdi. Inventories are measured after the average cost formula. In the event of cost exceeding net realisable value, write-down is made to this lower value. Kostprisen for handelsvarer samt råvarer og hjælpematerialer omfatter købspris med tillæg af hjemtagelsesomkostninger. Cost of goods for resale as well as raw materials and consumables comprises purchase price plus landing costs. Nettorealisationsværdi for varebeholdninger opgøres som salgssum med fradrag af færdiggørelsesomkostninger og omkostninger, der afholdes for at effektuere salget, og fastsættes under hensyntagen til omsættelighed, ukurans og udvikling i forventet salgspris. Net realisable value of inventories is calculated as selling price less completion costs and costs incurred to execute sale and determined in consideration of marketability, obsolescence and development in anticipated selling price. Andre driftsomkostninger Other operating expenses Andre driftsomkostninger indeholder regnskabsposter af sekundær karakter i forhold til virksomhovedaktivitet, herunder tab ved salg af anlægsaktiver. Other operating expenses include financial statement items of a secondary nature in relation to the primary activity of the enterprise, including loss from sale of fixed assets. Materielle anlægsaktiver Property, plant and equipment Materielle anlægsaktiver måles til kostpris med fradrag af akkumulerede afskrivninger. Afskrivningsgrundlaget er kostpris med fradrag af forventet restværdi efter afsluttet brugstid. Property, plant and equipment are measured at cost less accumulate amortisation and depreciation. The basis of amortisation and depreciation is cost less estimated residual value after the end of useful life. Kostprisen omfatter anskaffelsesprisen samt omkostninger direkte tilknyttet anskaffelsen indtil det tidspunkt hvor aktivet er klar til at blive taget i brug. Cost comprises the acquisition price as well as costs directly related to the acquisition until the time when the asset is ready to be put into operation. Kostprisen på et samlet aktiv opdeles i separate bestanddele, der afskrives hver for sig, hvis brugstiden på de enkelte bestanddele er væsentlig forskellig. The costprice for an asset is divided into separate components, that are depreciated separately, if the useful life of the individual components is significantly different. Afskrivninger påbegyndes når aktiverne er klar til ibrugtagning. Aktiverne afskrives lineært over deres forventede brugstid: Depreciation is initiated when the assets are ready to be taken into operation. Assets are depreciated on a straight-line basis over their estimated useful lives: Brugstid Restværdier Useful lives Andre anlæg, driftsmateriel og inventar 3-5 år 0 % Other fixtures, etc. 3-5 y. Småaktiver med en levetid under et år er omkostningsført i resultatopgørelsen under eksterne omkostninger. Minor purchases with useful lives below one year have been recognised as an expense in the income statement in external expenses. Fortjeneste/tab ved salg eller udrangering er medtaget i resultatopgørelsen under andre driftsindtægter og andre driftsomkostninger. Profit/loss on sale or retirement has been included in the income statement under other operating income and other operating expenses. Hensættelser til udskudt skat Provision for deferred tax Udskudt skat måles efter den balanceorienterede gælds-metode. Der er hensat til udskudt skat med 22 % af alle midlertidige forskelle mellem regnskabsmæssig og skattemæssig værdi af aktiver og forpligtelser. Deferred tax is measured according to the liability method. Provision has been made for deferred tax by 22 % on all temporary differences between carrying amount and tax-based value of assets and liabilities. Skatteværdien af fremførselsberettigede skattemæssige underskud indgår i opgørelsen af den udskudte skat, såfremt det er sandsynligt, at underskuddene kan udnyttes. The tax-based values of tax losses carried forward are included in the statement of deferred tax if it is probable that the losses can be utilised. Udskudte skatteaktiver som ikke forventes udnyttet inden for en kortere årrække, er noteoplyst under eventualaktiver. Deferred tax assets which are not expected utilised within a few years have been disclosed in notes under contingent assets. <table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse: collapse; width: 718px" ><tr><td style="width: 6%"></td><td style="width: 14%"></td><td style="width: 14%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 14%"></td><td style="width: 6%"></td><td style="width: 13%"></td></tr><tr><td Colspan = 1 style="text-align: left">2</td><td Colspan = 6 style="text-align: left">Personaleomkostninger</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">2021</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">2020</td></tr><tr><td Colspan = 1 style="border-bottom: 1px solid; text-align: left"></td><td Colspan = 9 style="border-bottom: 1px solid; text-align: left">Staff costs</td></tr><tr><td Colspan = 10 style="border-top: 1px solid; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Gager og lønninger</td><td Colspan = 1 style="text-align: Right">42.863.974</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">42.384.498</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Wages and salaries</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Pensioner </td><td Colspan = 1 style="text-align: Right">3.848.243</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">3.810.548</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Pensions </td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Andre omkostninger til social sikring</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">2.132.018</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">1.717.835</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Other social security costs</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">I ALT</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">48.844.235</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">47.912.881</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">TOTAL</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Det gennemsnitlige antal heltids- beskæftigede har i regnskabsåret udgjort 144 mod 144 i sidste regnskabsår.</td><td Colspan = 1 style="text-align: left">The average number of full-time employees in the financial year has represented 144 in this financial year against 144 in the previous financial year.</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Det samlede vederlag til direktionen har i regnskabsåret udgjort kr. 2.824.000 mod kr. 2.973.000 sidste år.</td><td Colspan = 1 style="text-align: left">The total remuneration of the Board of Executives amounts to DKK 2.824.000 in this financial year against DKK 2.973.000 last year.</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse: collapse; width: 871px" ><tr><td style="width: 11%"></td><td style="width: 12%"></td><td style="width: 20%"></td><td style="width: 10%"></td><td style="width: 2%"></td><td style="width: 10%"></td><td style="width: 2%"></td><td style="width: 10%"></td><td style="width: 2%"></td><td style="width: 10%"></td><td style="width: 10%"></td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="font-weight: bold; text-align: left">EGENKAPITALOPGØRELSE</td><td Colspan = 1 style="font-weight: bold; text-align: Right">21</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 10 style="font-weight: bold; text-align: left">Statement of changes in equity</td></tr><tr><td Colspan = 11 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 3 style="text-align: left"></td><td Colspan = 2 style="text-align: Right">Virksom-</td><td Colspan = 1 style="text-align: Right">Overført</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="text-align: Right">Foreslået</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 3 style="text-align: left"></td><td Colspan = 2 style="text-align: Right">hedskapital</td><td Colspan = 1 style="text-align: Right">resultat</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="text-align: Right">udbytte</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">I ALT</td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 11 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 3 style="text-align: left"></td><td Colspan = 2 style="text-align: Right">Share </td><td Colspan = 1 style="text-align: Right">Retained</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="text-align: Right">Proposed</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="text-align: Right"></td></tr><tr><td Colspan = 3 style="text-align: left"></td><td Colspan = 2 style="border-bottom: 1px solid; text-align: Right">capital</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">earnings</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">dividends</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">TOTAL</td><td Colspan = 1 style="text-align: Right"></td></tr><tr><td Colspan = 11 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 2 style="text-align: left">Egenkapital pr. 1/1 2020</td><td Colspan = 2 style="text-align: Right">3.449.000</td><td Colspan = 1 style="text-align: Right">83.160.039</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">0</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">86.609.039</td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 10 style="text-align: left">Equity at 1/1 2020</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 2 style="text-align: left">Overført via resultatdisponeringen</td><td Colspan = 2 style="border-bottom: 1px solid; text-align: Right">0</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">-7.344.703</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">0</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">-7.344.703</td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 10 style="text-align: left">Transferred from distribution of profit/loss</td></tr><tr><td Colspan = 11 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 2 style="text-align: left">Egenkapital pr. 1/1 2021</td><td Colspan = 2 style="text-align: Right">3.449.000</td><td Colspan = 1 style="text-align: Right">75.815.336</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">0</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">79.264.336</td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 10 style="text-align: left">Equity at 1/1 2021</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 2 style="text-align: left">Overført via resultatdisponeringen</td><td Colspan = 2 style="border-bottom: 1px solid; text-align: Right">0</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">-5.604.582</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">15.000.000</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">9.395.418</td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 10 style="text-align: left">Transferred from distribution of profit/loss</td></tr><tr><td Colspan = 11 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 2 style="text-align: left">EGENKAPITAL PR. 31/12 2021</td><td Colspan = 2 style="border-bottom: 3px solid; text-align: Right">3.449.000</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">70.210.754</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">15.000.000</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">88.659.754</td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 10 style="text-align: left">Equity at 31/12 2021</td></tr><tr><td Colspan = 11 style="text-align: left">&nbsp</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse: collapse; width: 718px" ><tr><td style="width: 6%"></td><td style="width: 14%"></td><td style="width: 14%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 14%"></td><td style="width: 6%"></td><td style="width: 13%"></td></tr><tr><td Colspan = 1 style="text-align: left">1</td><td Colspan = 6 style="text-align: left">Særlige poster</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">2021</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">2020</td></tr><tr><td Colspan = 1 style="border-bottom: 1px solid; text-align: left"></td><td Colspan = 9 style="border-bottom: 1px solid; text-align: left">Special items</td></tr><tr><td Colspan = 10 style="border-top: 1px solid; text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Kompensation, statlige Covid-19 støtteordninger </td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">17.999.388</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">13.729.513</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Compensation, state Covid-19 support schemes</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">I ALT</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">17.999.388</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">13.729.513</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">TOTAL</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Særlige poster er indregnet under bruttofortjenesten i resultatopgørelsen.</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Special items is recognised as gross profit/loss in the income statement.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse: collapse; width: 718px" ><tr><td style="width: 6%"></td><td style="width: 14%"></td><td style="width: 14%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 13%"></td><td style="width: 3%"></td><td style="width: 14%"></td><td style="width: 6%"></td><td style="width: 13%"></td></tr><tr><td Colspan = 1 style="text-align: left">5</td><td Colspan = 9 style="text-align: left">Selskabsskat og udskudt skat</td></tr><tr><td Colspan = 1 style="border-bottom: 1px solid; text-align: left"></td><td Colspan = 9 style="border-bottom: 1px solid; text-align: left">Corporation tax and deferred tax</td></tr><tr><td Colspan = 10 style="border-top: 1px solid; text-align: left">&nbsp</td></tr><tr><td Colspan = 7 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">Ifølge resul-</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="text-align: Right"></td></tr><tr><td Colspan = 3 style="text-align: left"></td><td Colspan = 2 style="text-align: Right">Selskabsskat</td><td Colspan = 1 style="text-align: Right">Udskudt skat</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="text-align: Right">tatopgørelsen</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 7 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">Acc. to the inc.</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="text-align: Right"></td></tr><tr><td Colspan = 3 style="text-align: left"></td><td Colspan = 2 style="border-bottom: 1px solid; text-align: Right">Income taxes</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">Deferred tax</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">statement</td><td Colspan = 1 style="text-align: Right"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">2020</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 2 style="text-align: left">Skyldig pr. 1/1 2021</td><td Colspan = 2 style="text-align: Right">0</td><td Colspan = 1 style="text-align: Right">-4.792.683</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">0</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">0</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Payable at 1/1 2021</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 2 style="text-align: left">Betalt acontoskat</td><td Colspan = 2 style="text-align: Right">-3.500.000</td><td Colspan = 1 style="text-align: Right">0</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">0</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">0</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Prepaid tax</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 2 style="text-align: left">Skat af årets resultat</td><td Colspan = 2 style="border-bottom: 1px solid; text-align: Right">76.818</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">2.573.173</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">2.649.991</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">-2.071.584</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Tax on profit/loss for the year</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 2 style="text-align: left">SKYLDIG PR. 31/12 2021</td><td Colspan = 2 style="border-bottom: 3px solid; text-align: Right">-3.423.182</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">-2.219.510</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">PAYABLE AT 31/12 2021</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">SKAT AF ÅRETS RESULTAT</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">2.649.991</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">-2.071.584</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">TAX ON PROFIT/LOSS FOR THE YEAR</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Den udskudte skat påhviler følgende aktiver og forpligtelser:</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">31/12 2021</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">31/12 2020</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Deferred tax is incumbent upon the following assets and liabilities:</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Materielle anlægsaktiver</td><td Colspan = 1 style="text-align: Right">-1.754.524</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">-1.835.307</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Tangible assets</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Omsætningsaktiver</td><td Colspan = 1 style="text-align: Right">-290.001</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: Right">-738.314</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Current assets</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">Underskud til fremførsel</td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">-174.985</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 1px solid; text-align: Right">-2.219.062</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">Unutilised losses</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 6 style="text-align: left">I ALT</td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">-2.219.510</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="border-bottom: 3px solid; text-align: Right">-4.792.683</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 9 style="text-align: left">TOTAL</td></tr><tr><td Colspan = 10 style="text-align: left">&nbsp</td></tr><tr><td Colspan = 1 style="text-align: left"></td><td Colspan = 4 style="text-align: left">Udskudte skatteaktiver er målt til nettorealisationsværdien, og er baseret på ledelsens bedste skøn af muligheden for at udnytte underskud til fremførsel inden for en 3-5 års periode. Ved vurderingen har ledelsen specielt lagt vægt på, deres historiske evne til at generere overskud, hvor underskuddet opstod under særlige omstændigheder som følge af Covid-19. Derfor er der i de kommende år en positiv forventning til udnyttelsen af skatteaktivet.</td><td Colspan = 1 style="text-align: left">Deferred tax assets are measured at net realizable value, and are based on Management´s best estimate of the ability to use losses carried forward within a 3-5 years period. In the assessment, management has paid special attention to the their historical ability to generate profits, where the deficit arose in special circumstances as a result of Covid-19. Therefore, in the coming years there is a positive expectation for the utilization of the tax asset.</td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td><td Colspan = 1 style="text-align: left"></td></tr></table> 47912881 48844235 79264336 88659754 18514531 13572152 19263096 -9416287 12045409 180953 -16063 3682672 2557866 Udtalelse om ledelsesberetningen Statement on the Management’s review Ledelsen er ansvarlig for ledelsesberetningen. Management is responsible for Management’s Review. Vores konklusion om årsregnskabet omfatter ikke ledelsesberetningen, og vi udtrykker ingen form for konklusion med sikkerhed om ledelsesberetningen. Our opinion on the Financial Statements does not cover Management’s Review, and we do not express any form of assurance conclusion thereon. I tilknytning til vores revision af årsregnskabet er det vores ansvar at læse ledelsesberetningen og i den forbindelse overveje, om ledelsesberetningen er væsentlig inkonsistent med årsregnskabet eller vores viden opnået ved revisionen eller på anden måde synes at indeholde væsentlig fejlinformation. In connection with our audit of the Financial Statements, our responsibility is to read Management’s Review and, in doing so, consider whether Management’s Review is materially inconsistent with the Financial Statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated. Vores ansvar er derudover at overveje, om ledelsesberetningen indeholder krævede oplysninger i henhold til årsregnskabsloven. Moreover, it is our responsibility to consider whether Management’s Review provides the information required under the Danish Financial Statements Act. Baseret på det udførte arbejde er det vores opfattelse, at ledelsesberetningen er i overensstemmelse med årsregnskabet og er udarbejdet i overensstemmelse med årsregnskabslovens krav. Vi har ikke fundet væsentlig fejlinformation i ledelsesberetningen. Based on the work we have performed, we conclude that Management’s Review is in accordance with the Financial Statements and has been prepared in accordance with the requirements of the Danish Financial Statement Acts. We did not identify any material misstatement of Management’s Review. 0 57614 -7344703 -5604582 0 15000000 -7344703 9395418 -9273015 12149243 0 -57615 18514531 13572152 0 15000000 Årsrapporten indstilles til generalforsamlingens godkendelse. We recommend that the Annual Report be approved at the annual general meeting. 2021-12-31 2021-01-01 21607676 23273338 Revisionspåtegning 103531 201430 26133890 23273338 4526214 0 Michael Dam-Johansen Sten Pedersen Mikkel Schiøler Vinum Linck inforevision, Statsautoriseret Revisionsaktieselskab -8091784 16740629 26943776 21985334 Konklusion Opinion Vi har revideret årsregnskabet for Deichmann-Sko ApS for regnskabsåret 1. januar - 31. december 2021, der omfatter anvendt regnskabspraksis, resultatopgørelse, balance, egenkapitalopgørelse, pengestrømsopgørelse og noter. Årsregnskabet udarbejdes efter årsregnskabsloven. We have audited the financial statements of Deichmann-Sko ApS for the financial year 1 January to 31 December 2021, which comprise the accounting policies applied, the income statement, the balance sheet, statement of changes in equity, cash flow statement and notes. The financial statements are prepared in accordance with the Danish Financial Statements Act. Det er vores opfattelse, at årsregnskabet giver et retvisende billede af selskabets aktiver, passiver og finansielle stilling pr. 31. december 2021 samt af resultatet af selskabets aktiviteter og pengestrømme for regnskabsåret 1. januar - 31. december 2021 i overensstemmelse med årsregnskabsloven. In our opinion the financial statement gives a true and fair view of the Companys financial position at 31 December 2021 and of the result of the Companys operations and cash flows for the financial year 1 January to 31 December 2021 in accordance with the Danish Financial Statements Act. 103531 201430 8574971 1978360 75815336 70210754 233982 1021174 Ledelsens ansvar for årsregnskabet Managements responsibility for the Financial Statements Ledelsen har ansvaret for udarbejdelsen af et årsregnskab, der giver et retvisende billede i overensstemmelse med årsregnskabsloven. Ledelsen har endvidere ansvaret for den interne kontrol, som ledelsen anser for nødvendig for at udarbejde et årsregnskab uden væsentlig fejlinformation, uanset om denne skyldes besvigelser eller fejl. 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. THE INDEPENDENT AUDITORS REPORT Ved udarbejdelsen af årsregnskabet er ledelsen ansvarlig for at vurdere selskabets evne til at fortsætte driften; at oplyse om forhold vedrørende fortsat drift, hvor dette er relevant; samt at udarbejde årsregnskabet på grundlag af regnskabsprincippet om fortsat drift, medmindre ledelsen enten har til hensigt at likvidere selskabet, indstille driften eller ikke har andet realistisk alternativ end at gøre dette. 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. 27278388 mne36161 mne23408 Ledelsesberetningen indeholder efter vores opfattelse en retvisende redegørelse for de forhold beretningen omhandler. In our opinion the managements review includes a fair review about the matters the review deals with. Mikkel Schiøler Vinum Linck Martin Fischer Thomas Christensen 246803 305264 17441728 18937702 2020-12-31 14706769 13375929 0 3423182 3931966 3314462 120899 1389704 2022-02-15 Søborg Revisors ansvar for revisionen af årsregnskabet Auditors responsibility for the Audit of the Financial Statements Vores mål er at opnå høj grad af sikkerhed for, om årsregnskabet som helhed er uden væsentlig fejlinformation, uanset om denne skyldes besvigelser eller fejl, og at afgive en revisionspåtegning med en konklusion. Høj grad af sikkerhed er et højt niveau af sikkerhed, men ikke en garanti for, at en revision, der udføres i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark, altid vil afdække væsentlig fejlinformation, når sådan findes. Fejlinformationer kan opstå som følge af besvigelser eller fejl og kan betragtes som væsentlige, hvis det med rimelighed kan forventes, at de enkeltvis eller samlet har indflydelse på de økonomiske beslutninger, som regnskabsbrugerne træffer på grundlag af årsregnskabet. 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 Financial Statements. Som led i en revision, der udføres i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark, foretager vi faglige vurderinger og opretholder professionel skepsis under revisionen. Herudover: As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: * Identificerer og vurderer vi risikoen for væsentlig fejlinformation i årsregnskabet, uanset om denne skyldes besvigelser eller fejl, udformer og udfører revisionshandlinger som reaktion på disse risici samt opnår revisionsbevis, der er tilstrækkeligt og egnet til at danne grundlag for vores konklusion. Risikoen for ikke at opdage væsentlig fejlinformation forårsaget af besvigelser er højere end ved væsentlig fejlinformation forårsaget af fejl, idet besvigelser kan omfatte sammensværgelser, dokumentfalsk, bevidste udeladelser, vildledning eller tilsidesættelse af intern kontrol. * 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. THE INDEPENDENT AUDITORS REPORT * Opnår vi forståelse af den interne kontrol med relevans for revisionen for at kunne udforme revisionshandlinger, der er passende efter omstændigheder, men ikke for at kunne udtrykke en konklusion om effektiviteten af selskabets interne kontrol. * Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circum-stances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. * Tager vi stilling til, om den regnskabspraksis, som er anvendt af ledelsen, er passende, samt om de regnskabsmæssige skøn og tilknyttede oplysninger, som ledelsen har udarbejdet, er rimelige. * Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management. * Konkluderer vi, om ledelsens udarbejdelse af årsregnskabet på grundlag af regnskabsprincippet om fortsat drift er passende, samt om der på grundlag af det opnåede revisionsbevis er væsentlig usikkerhed forbundet med begivenheder eller forhold, der kan skabe betydelig tvivl om selskabets evne til at fortsætte driften. Hvis vi konkluderer, at der er en væsentlig usikkerhed, skal vi i vores revisionspåtegning gøre opmærksom på oplysninger herom i årsregnskabet eller, hvis sådanne oplysninger ikke er tilstrækkelige, modificere vores konklusion. Vores konklusioner er baseret på det revisionsbevis, der er opnået frem til datoen for vores revisionspåtegning. Fremtidige begivenheder eller forhold kan dog medføre, at selskabet ikke længere kan fortsætte driften. * 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. * Tager vi stilling til den samlede præsentation, struktur og indhold af årsregnskabet, herunder noteoplysningerne, samt om årsregnskabet afspejler de underliggende transaktioner og begivenheder på en sådan måde, at der gives et retvisende billede heraf. * 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. Vi kommunikerer med den øverste ledelse om blandt andet det planlagte omfang og den tidsmæssige placering af revisionen samt betydelige revisionsmæssige observationer, herunder eventuelle betydelige mangler i intern kontrol, som vi identificerer under revisionen. 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. INDEPENDENT AUDITORS REPORT -2071584 2649991