iso4217:DKK415519092021-01-012021-12-31415519092021-01-012021-12-311415519092021-01-012021-12-311415519092021-01-012021-12-312415519092021-01-012021-12-313415519092021-01-012021-12-311415519092021-01-012021-12-312415519092021-01-012021-12-313415519092021-01-012021-12-312415519092021-01-012021-12-31415519092020-07-062020-12-31415519092021-01-012021-12-31fsa:RetainedEarningsMember415519092020-07-062020-12-31fsa:RetainedEarningsMember415519092021-01-012021-12-31fsa:RetainedEarningsMember415519092021-12-31415519092020-12-31415519092021-01-01fsa:ContributedCapitalMember415519092021-01-01fsa:RetainedEarningsMember415519092021-01-01415519092021-12-31fsa:ContributedCapitalMember415519092021-12-31fsa:RetainedEarningsMemberGrundlag for konklusionKonklusion2022-06-242022-06-24true2020-07-062020-12-3133963556København S23006WeidekampsgadeDeloitte Statsautoriseret RevisionspartnerselskabAlbertslundGlostrup2600Regnskabsklasse BErklæring om udvidet gennemgang2021-12-312021-01-01<br /><br />13FormervangenGroup 472 ApS41551909339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportThe Board of Directors and the Executive Board have today considered and approved the annual report of Group 472 ApS for the financial year 01.01.2021 - 31.12.2021.The annual report is presented in accordance with the Danish Financial Statements Act.In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2021 and of the results of its operations for the financial year 01.01.2021 - 31.12.2021.We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.We recommend the annual report for adoption at the Annual General Meeting.CopenhagenPeter Juul RegnersgaardMorten Paulin EbdrupJacob Sand MotzfeldtSimon Gustav Seved PetrénNoel Christofer Peter AbdayemJohan Christer LennartssonchairmanTo the shareholders of Group 472 ApSWe have performed an extended review of the financial statements of Group 472 ApS for the ​financial year 01.01.2021 - 31.12.2021, which comprise the income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. ​Based on our extended review, in our opinion, the financial statements give a true and fair view of the Entity’s ​financial position at. 31.12.2021 and of the results of its operations for the financial year 01.01.2021 - 31.12.2021 in accordance with the Danish Financial Statements Act.We conducted our extended review in accordance with the assurance engagement standard for small enterprises as issued by the Danish Business Authority and the standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act as issued by FSR - Danish Auditors. Our responsibilities under those standards and requirements are further described in the ”Auditor’s responsibilities for the extended review of the financial statements” section. We are independent of the Entity in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, Management is responsible for assessing the Entity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting unless Management either intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so.Our responsibility is to express a conclusion on the financial statements. This requires that we plan and perform procedures to obtain limited assurance about our conclusion on the financial statements and that we also perform specifically required supplementary procedures for the purpose of obtaining additional assurance about our conclusion. An extended review consists of making inquiries, primarily of management and, if appropriate, of other entity personnel, performing analytical and the specifically required supplementary procedures as well as evaluating the evidence obtained. The procedures performed in an extended review are less in scope than in an audit, and accordingly we do not express an audit opinion on the financial statements.Management is responsible for the management commentary. Our conclusion on the financial statements does not cover the management commentary, and we do not express any form of assurance conclusion thereon. In connection with our extended review of the financial statements our responsibility is to read the management commentary and, in doing so, consider whether the management commentary is materially inconsistent with the financial statements or our knowledge obtained in the extended review or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether the management commentary provides the information required under the Danish Financial Statements Act.<br />Based on the work we have performed, we conclude that the management commentary is in accordance with financial statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement of the management commentary.CopenhagenClaus Jorch AndersenAnders Theilgaard Iversenmne33712mne47797State Authorised Public AccountantState Authorised Public AccountantPrimary activitiesThe primary activity for the company is to act a holding company for investments in subsidiaries. This year's result come to a loss of DKK 67 thousand compared to a loss of DKK 361 thousand for the year. Management considers the performance as expected. Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.-52602-3532332301003962212842-69214-366075-1839-5214-67375-360861-67375-360861-673752975034224975342297503422497534229750342249753422085876344110000120000021377423158722011852464494725928405151673773003439330142719761297612929686631297540062976276029830135761292975400629830135761292968663102085602716331040242716333125842716333125843003439330142719For the purpose of offering incentive pay in the form of warrants, the Company’s Board of Directors are authorized for the period until 24 August 2025 once or several times to increase the Company’s share capital with up to nominally 769 A-shares in total without pre-emption right for the Company’s shareholders. The authorization empowers the Board of Directors to determine the terms for the granted share options, including the exercise price.1 Other financial income 2021 DKK2020 DKKFinancial income from group enterprises22,8540Exchange rate adjustments156023,01002 Other financial expenses2021 DKK2020 DKKOther interest expenses22,87212,159Exchange rate adjustments0683Other financial expenses16,750039,62212,842<br />2021 DKK2020 DKKOther interest expenses22,87212,159Exchange rate adjustments0683Other financial expenses16,750039,62212,8423 Tax on profit/loss for the year2021 DKK2020 DKKChange in deferred tax(11,000)(5,214)Adjustment concerning previous years9,1610(1,839)(5,214)4 Financial assetsInvestments in group enterprises DKKCost beginning of year24,975,342Additions4,775,000Cost end of year29,750,342Carrying amount end of year29,750,342Investments in subsidiariesRegistered inCorporate formEquity interest %Equity DKKProfit/loss DKKTrue. ApSDenmarkApS100%8,447,936(513,594)True Company GmbHGermanyGmbH100%937,772387,7025 Share capitalNumberPar value DKKNominal value DKKA-shares65,035165,045B-shares11,094111,09476,12976,1396 Contingent liabilitiesThe Entity serves as the administration company in a Danish joint taxation arrangement. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for these entities.7 Assets charged and collateralThe company has filed a suretyship for the subsidiary True ApS credit institutions. The suretyship is maximized to DKK 8,729 thousand. The debt is amounting to DKK 7,777 thousand. pr. 31.12.2021. As security for debt obtained from bank loans there is a registered corporate mortgage amounting to DKK 1,000k. The security includes goodwill, intangible assets, operating equipment and fixtures, inventories and trade receivables. The carrying amount is DKK 0. This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class B enterprises with addition of a few provisions for reporting class C.The accounting policies applied to these financial statements are consistent with those applied last year.falseConsolidated financial statementsReferring to section 110 of the Danish Financial Statements Act, no consolidated financial statements have been prepared.Non-comparabilityThe Company's financial year comprise to 12 months compared to 6 months last year, because the company had shortened its financial year in the start-up year. The comparative figures in the income statement are therefore not directly comparable. Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Entity, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the value of the liability can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item. Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement. Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year.Gross profit or lossGross profit or loss comprises of external expenses.Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for premises, stationery and office supplies etc.Other financial incomeOther financial income comprises interest income, including interest income on receivables from group enterprises, exchange gains on payables and transactions in foreign currencies etc.Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group enterprises, net capital or exchange losses on securities, payables and transactions in foreign currencies, amortisation of financial liabilities, and tax surcharge under the Danish Tax Prepayment Scheme etc.Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity.The Entity is jointly taxed with all Danish group enterprises. The current Danish income tax is allocated among the jointly taxed entities proportionally to their taxable income (full allocation with a refund concerning tax losses).Investments in group enterprises Investments in group enterprises are measured at cost. Investments are written down to the lower of recoverable amount and carrying amount.ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts.Deferred taxDeferred tax is recognised on all temporary differences between the carrying amount and the tax-based value of assets and liabilities, for which the tax-based value is calculated based on the planned use of each asset. Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets.Tax payable or receivableCurrent tax payable or receivable is recognised in the balance sheet, stated as tax computed on this year's taxable income, adjusted for prepaid tax.<br />Joint taxation contributions receivable or payableCurrent joint taxation contributions payable or joint taxation contributions receivable are recognised in the balance sheet, calculated as tax computed on the taxable income for the year, which has been adjusted for prepaid tax. For tax losses, joint taxation contributions receivable are only recognised if such losses are expected to be used under the joint taxation arrangement.CashCash comprises bank deposits.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.2022-06-24Jacob Sand Motzfeldt