28866984 2022-01-01 2022-12-31 28866984 2022-12-31 28866984 2022-01-01 2022-12-31 1 28866984 2022-01-01 2022-12-31 1 28866984 2022-01-01 2022-12-31 2 28866984 2021-01-01 2021-12-31 28866984 2021-01-01 2021-12-31 1 28866984 2021-12-31 28866984 2021-01-01 2021-12-31 2 28866984 2020-01-01 2020-12-31 28866984 2020-01-01 2020-12-31 1 28866984 2020-12-31 28866984 2020-01-01 2020-12-31 2 28866984 2019-01-01 2019-12-31 28866984 2019-01-01 2019-12-31 1 28866984 2019-12-31 28866984 2019-01-01 2019-12-31 2 28866984 2018-01-01 2018-12-31 28866984 2018-01-01 2018-12-31 1 28866984 2018-12-31 28866984 2018-01-01 2018-12-31 2 28866984 2021-12-31 fsa:ContributedCapitalMember 28866984 2022-12-31 fsa:ContributedCapitalMember 28866984 2021-12-31 fsa:RetainedEarningsMember 28866984 2022-01-01 2022-12-31 fsa:RetainedEarningsMember 28866984 2022-12-31 fsa:RetainedEarningsMember 28866984 2022-01-01 2022-12-31 1 28866984 2022-01-01 2022-12-31 2 iso4217:DKK xbrli:pure Yas Farah Bakhsh Akbatani MANAGEMENT’S STATEMENT For the Year Ended 31 December 2022 The Executive Board has today considered and adopted the annual report of Google Denmark ApS for the financial year 1 January - 31 December 2022. The annual report is prepared in accordance with the Danish Financial Statements Act. In our opinion the Financial Statements give a true and fair view of the financial position at 31 December 2022 of the Company and of the results of the Company operations for 2022. In our opinion, management's review includes a true and fair account of the matters addressed in the review. We recommend that the annual report be adopted at the Annual General Meeting. Copenhagen Michael Tangney Svilen Ivanov Karaivanov INDEPENDENT AUDITOR’S REPORT To the Shareholders of Google Denmark ApS Opinion We have audited the financial statements of Google Denmark ApS for the financial year 1 January – 31 December 2022, which comprise income statement, balance sheet, statement of changes in equity and notes, including accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2022 and of the results of the Company's operations for the financial year 1 January – 31 December 2022 in accordance with the Danish Financial Statements Act. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs) and 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 believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Independence 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. Management's responsibilities for the financial statements Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the Danish Financial Statements Act and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, Management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance as to 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 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 the financial statements. ► Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control.► Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.► Conclude on the appropriateness of Management's use of the going concern basis of accounting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.► Evaluate the overall presentation, structure and contents of the financial statements, including the note disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. As part of an audit conducted in accordance with ISAs and additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: ► Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control. Statement on the Management's review Management is responsible for the Management's review. Our opinion on the financial statements does not cover the Management's review, and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the Management's review and, in doing so, consider whether the Management's review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether the Management's review provides the information required under the Danish Financial Statements Act. Based on the work we have performed, we conclude that the Management's review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statement Act. We did not identify any material misstatement of the Management's review. Herning Karsten Mehlsen State Authorised Public Accountant mne18473 Google Denmark ApS Sankt Petri Passage 5,2. 1165 Kobenhavn K Copenhagen EY Godkendt Revisionspartnerselskab Delgasgade 27,3 7400 Herning Citibank Hedegaardsvej 88,1 2300 Kobenhavn S 408274000 341287000 322426000 283541000 247039000 Operating profit/loss Operating profit/loss Operating profit/loss Operating profit/loss Operating profit/loss 76597000 51876000 54774000 22399000 19384000 660000 -240000 20000 -343000 -644000 60136000 48415000 21899000 16502000 14011000 348885000 243538000 263272000 201155000 171785000 238901000 178765000 130350000 108451000 91949000 1582000 39968000 17143000 9848000 9438000 144 139 123 123 106 0.19 0.18 0.17 0.08 0.08 Return on assets Return on assets Return on assets Return on assets Return on assets 221 255 208 111 113 0.69 0.73 0.49 0.54 0.54 0.29 0.31 0.18 0.17 0.17 The ratios have been prepared in accordance with the recommendations and guidelines issued by the Danish Society of Financial Analysts. For definitions, see under accounting policies. Seen over a five-year period, the development of the Company is described by the following financial highlights: MANAGEMENT’S REVIEW For the Year Ended 31 December 2022 Key activities Google Denmark ApS is engaged in the provision of marketing and customer support services and the provision of contract research and development services to Group Enterprises. The past year and follow up on development expectations from last year The income statement of the Company for 2022 shows a profit of TDKK 60,136, and at 31 December 2022 the balance sheet of the Company shows equity of TDKK 238,901. The Company recorded a profit before tax of TDKK 77,253 for 2022 which is an increase of 24% compared with 2021 and slightly exceeds expectations. This reflects a higher than expected level of growth in revenue. The Company has no plans or intention to restructure, reorganize or dispose of any assets other than those reflected in these financial statements, which could materially affect the book value or the classification of assets and liabilities, presentation of the income statement or which should be disclosed in these accounts. There are no future changes anticipated in the business of the Company at this time. Outlook The Company expects to continue its growth in 2023 and as such revenue and profits are expected to grow by a factor of 5 - 15% in 2023. Forward-looking statements are subject to risks and uncertainties that could cause the Company’s actual results to differ materially from those expressed in the forward looking statements. Operating risks As a provider of marketing and customer support services and contract research and development services to Group Enterprises, the Company's principal risks and uncertainties relate to scaling back its operations due to a reduction in demand for its services. The demand for its services would be impacted by the principal risks and uncertainties faced by Group Enterprises, namely: – These businesses face intense competition. If they do not continue to innovate and provide productsand services that are useful to users, they may not remain competitive, and their revenues andoperating results could be adversely affected.– These businesses generate their revenues almost entirely from advertising, and the reduction inspending by or loss of advertisers could seriously harm them.– A variety of new and existing U.S. and foreign laws could subject these businesses to claims orotherwise harm them.Critical accounting estimates and judgements Judgement is involved in determining the Company's income taxes. Where the final tax outcome of these matters differs from the amounts that were initially recognised, such differences will impact the income tax and deferred tax, in the period in which such determination is made. Subsequent events In January 2023, Alphabet Inc announced a global reduction in workforce. The consultation process with employees of this entity has been completed. The financial impact of this reduction in workforce cannot yet be quantified. No other events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. Corporate Social Responsibility In accordance with the Danish Financial Statements Act (DFSA - section 99a), the parent company Google LLC, Corporate Identity Number 3582691, incorporated in the United States of America, prepares a non-financial social responsibility report for the group which includes Google Denmark ApS. This report is available on Google's corporate website at https://www.gstatic.com/gumdrop/sustainability/google-2023-eu-nfrd-report.pdf Reporting of goals and policies for the underrepresented gender cf. §99b The Company is not required to set a target for the supreme management body as is constituted of two board members. Employees in our leadership positions own multiple processes and teams who oversee development of cross-organizational long-term growth goals and business innovation opportunities. In 2022, the Leadership team consisted of 43% percent women (from 50% percent in 2021). The addition of one headcount at leadership level accounts for the shifting percentage year on year. We continue to ensure that gender diversity is an integrated part of our talent review, leadership development, and recruitment activities for leadership positions. A diverse workforce brings varied experiences, expertise, ideas, and innovation. To maintain a diverse workforce, we collaborate across the company to take advantage of knowledge sharing between culturally diverse groups. First, we have made a commitment to build towards and support a representative Google in each market including and beyond gender, as a long term goal. We know that there are lots of local factors that influence diversity, equity and inclusion, from local population demographics, to legislation, history and culture and therefore we have created an EMEA-wide strategy and greater scope for each EMEA country to define the priorities that matter most for them. Second, we are further increasing transparency. We aim to take the conversation—and our work—to the next level as we further refine our approach, so this year we’ve published new and more detailed workforce representation data in our global Diversity Annual Report 2022 available at https://about.google/belonging/diversity-annual-report/2022/ Reporting of goals and policies for the underrepresented gender cf. §99b (continued) Third, we have dedicated Employee Resource Groups (ERGs) and communities advocating for gender diversity: Google Women in Engineering (GWE) and Women@Google, both committed to empowering women by a wide range of initiatives: from mentoring and coaching for career progression; to networking, fostering allyship and community building. Finally, our aim is to foster a basis for organic growth and development of female talent that includes our leadership levels, and that women are truly considered in our commitment to make sure we have the best candidate. Google's recruiting teams are committed to furthering Google’s diversity, equity & inclusion efforts. On the hiring front, they’ve taken a deeper look at the intent and actions that can truly support our inclusive strategies. These steps should be followed across all new talent searches on every team and only work if each of our people leaders is committed. Staffing partners: • complete training on unconscious bias and countering unconscious bias, along with several other coretrainings;• audit ongoing open roles & new job postings to ensure accurate minimum and preferred qualificationsand gender neutral language.Hiring managers: • complete training on unconscious bias and countering unconscious bias, along with several other coretrainings;• consider candidates outside of traditional profiles, schools and companies;• write inclusive job descriptions that limit non-negotiable minimum qualifications and include preferredqualifications based on success needed in role vs. perceived pedigree and familiarity of experience;• make hiring decisions against validated minimum and preferred qualifications, not preference;• assemble interview panels that represent diversity of thought and perspective. Data ethics In accordance with the Danish Financial Statements Act (DFSA - section 99d), the parent company Google LLC, Corporate Identity Number 3582691, incorporated in the United States of America, prepares a data ethics report for the group which includes Google Denmark ApS. This report is available on Google's corporate website at https://www.gstatic.com/gumdrop/sustainability/google-2023-eu-nfrd-report.pdf. 81290000 64273000 326984000 277014000 237317000 215952000 13070000 9186000 10475000 4000 76593000 62351000 828000 16000 168000 256000 77253000 62111000 17117000 13696000 4045000 5059000 39368000 49837000 167000 452000 43580000 55348000 43580000 55348000 294301000 173240000 2069000 5416000 3838000 2021000 4825000 3076000 4710000 305305000 188190000 305305000 188190000 750000 750000 238151000 178015000 18400000 5204000 18400000 5204000 236000 273000 236000 273000 6484000 3156000 25780000 2255000 391000 59040000 53460000 44000 34000 91348000 59296000 91584000 59569000 348885000 243538000 750000 178015000 60136000 750000 238151000 1. Critical accounting estimates and judgementsJudgement is involved in determining the Company's income taxes. Where the final tax outcome of these matters differs from the amounts that were initially recognised, such differences will impact the income tax and deferred tax, in the period in which such determination is made. 2. Subsequent eventsIn January 2023, Alphabet Inc announced a global reduction in workforce. The consultation process with employees of this entity has been completed. The financial impact of this reduction in workforce cannot yet be quantified. No other events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. 3. Revenue2022 2021 TDKK TDKK — — Denmark Rest of Europe 324,883 271,683 83,391 America 69,604 408,274 341,287 Geographical segment and business are similar, hence they are disclosed together. 4. Staff expenses2022 2021 TDKK TDKK Wages and salaries 211,669 193,596 Pensions 16,787 15,444 Other staff expenses 8,861 6,913 237,317 215,952 The directors receive remuneration in respect of their services of the Company from other group companies. The cost of the services that they provide to the Company cannot be separately identified. 5. Depreciation and impairment of property, plant and equipment2022 2021 TDKK TDKK Depreciation of property, plant and equipment 13,070 9,186 13,070 9,186 6. Statutory and other information2022 2021 TDKK TDKK Statutory audit 307 307 307 307 7. Financial income2022 2021 TDKK TDKK Interest received from group enterprises 668 8 Other financial income 160 8 828 16 8. Financial expenses2022 2021 TDKK TDKK Other financial expenses — 48 Foreign exchange losses 168 208 168 256 9. Tax on profit for the year2022 2021 TDKK TDKK Current tax for the year 20,076 9,915 Deferred tax for the year (4,230) 3,781 Adjustment of deferred tax concerning previous years 1,271 — 17,117 13,696 10. Property, plant and equipment Other fixtures Leasehold Property, plant Total and fittings, improvements and equipment tools and in progress equipment TDKK TDKK TDKK TDKK Cost at 1 January 2022 14,953 85,534 452 100,939 Additions for the year 904 678 — 1,582 Disposals for the year (617) — — (617) Transfers for the year 285 — (285) — Cost at 31 December 2022 15,525 86,212 167 101,904 Impairment losses and depreciation at 9,894 35,697 — 45,591 1 January 2022 Depreciation for the year 1,923 11,147 — 13,070 Reversal of impairment and (337) — — (337) depreciation of sold assets for the year Impairment losses and depreciation at 11,480 46,844 — 58,324 31 December 2022 Carrying amount at 31 December 2022 4,045 39,368 167 43,580 11. Deferred tax asset / (liability) 2022 2021 TDKK TDKK Deferred tax liability/asset at 1 January (391) 3,390 Amounts recognised in the income statement for the year 2,959 (3,781) Deferred tax asset/liability at 31 December 3,838 (391) The recognised tax asset comprises temporary differences associated with assets that are expected to be utilised within the next 5 years. 12. Prepayments Prepayments consist of prepaid expenses concerning rent and deposit for same and other external expenses. 13. Equity The share capital consists of 750 shares of a nominal value of TDKK 750. No shares carry any special rights. 60136000 48415000 15. Other provisions 2022 2021 TDKK TDKK Other provisions 18,400 5,204 18,400 5,204 The provisions are expected to mature as follows: Within 1 year 18,400 5,204 The Company has recognized provisions related to temporary staff services. Legal and constructive obligations relate to past events, and it is judged that the outflow of future economic benefits is highly probable. Accordingly, the Company recognized the provision by reflecting the best estimate, and uncertainty exists in the management's assumptions and judgments reflected in this process. 16. Long-term debt Payments due within 1 year are recognised in short-term debt. Other debt is recognised as long-term debt. The debt falls due for payment as specified below: 2022 2021 TDKK TDKK Deferred rent Between 1 and 5 years Long-term part 236 273 Short-term part 44 34 280 307 Other payables Other short-term payables 59,040 53,460 59,040 53,460 17. Deferred rent Deferred rent consists of a rental discount which is accrued over the term of the lease period. 18. Contingent assets, liabilities and other financial obligations 2022 2021 TDKK TDKK Rental and lease obligations The Company has entered into rental and lease agreements. 14,790 15,619 Other contingent liabilities The group companies are jointly and severally liable for tax on the jointly taxed incomes etc. of the Group. Moreover, the group companies are jointly and severally liable for Danish withholding taxes by way of dividend tax, tax on royalty payments and tax on unearned income. Google Denmark is the management company of the joint taxation group. 19. Related parties Basis Controlling interest Google International LLC, USA Parent Company Alphabet Inc., USA Ultimate Parent Company Transactions The Company has chosen only to disclose transactions which have not been made on an arm’s length basis in accordance with section 98(c)(7) of the Danish Financial Statements Act. The Company has no transactions which have not been on arm's length basis. Consolidated Financial Statements The Company is included in the Group Annual Report of the Ultimate Parent Company: Name Place of registered office Alphabet Inc. USA The Group Annual Report of Alphabet Inc. may be obtained at the following address: 1600 Amphitheatre Parkway, Mountain View, California 94043, USA Investor.google.com 20. Accounting Policies The Annual Report of Google Denmark ApS for 2022 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to large-sized enterprises of reporting class C. The Financial Statements for 2022 are presented in TDKK. Recognition and measurement Revenues are recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow to the Company, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow out of the Company, and the value of the liability can be measured reliably. Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Transactions in foreign currencies are translated at the exchange rates at the dates of transaction. Exchange differences arising due to differences between the transaction date rates and the rates at the dates of payment are recognised in financial income and expenses in the income statement. Where foreign exchange transactions are considered hedging of future cash flows, the value adjustments are recognised directly in equity. Receivables, payables and other monetary items in foreign currencies that have not been settled at the balance sheet date are translated at the exchange rates at the balance sheet date. Any differences between the exchange rates at the balance sheet date and the rates at the time when the receivable or the debt arose are recognised in financial income and expenses in the income statement. Fixed assets acquired in foreign currencies are measured at the transaction date rates. Income Statement Revenue The Company has chosen IAS11/IAS 18 as interpretation for revenue recognition. Revenue from the sale of goods is recognised when the risks and rewards relating to the goods sold have been transferred to the purchaser, the revenue can be measured reliably and it is probable that the economic benefits relating to the sale will flow to the Company. Services are recognised at the rate of completion of the service to which the contract relates by using the percentage-of-completion method, which means that revenue equals the selling price of the service completed for the year. This method is applied when total revenues and expenses in respect of the service and the stage of completion at the balance sheet date can be measured reliably, and it is probable that the economic benefits, including payments, will flow to the Company. The stage of completion is determined on the basis of the ratio between the expenses incurred and the total expected expenses of the service. Revenue is measured at the consideration received and is recognised exclusive of VAT and net of discounts relating to sales. Other external expenses Other external expenses comprise cost relating to advertising, administration, premises, operating lease expenses and similar expenses. Staff expenses Staff expenses comprise wages and salaries as well as payroll expenses. Depreciation and impairment of property, plant and equipment Depreciation and impairment losses comprise depreciation and impairment of property, plant and equipment. Other operating income and expenses Other operating income and other operating expenses comprise items of a secondary nature to the main activities of the Company, including gains and losses on the sale of fixed assets. Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. Tax on profit for the year Tax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity. The Company is jointly taxed with Danish group enterprises. The tax effect of the joint taxation is allocated to enterprises in proportion to their taxable income. Balance Sheet Property, plant and equipment Property, plant and equipment are measured at cost less accumulated depreciation and less any accumulated impairment losses. Cost comprises the cost of acquisition and expenses directly related to the acquisition up until the time when the asset is ready for use. Depreciation based on cost reduced by any residual value is calculated on a straight-line basis over the expected useful lives of the assets, which are: Other fixtures and fittings, tools and equipment 1 - 5 years Leasehold improvements 7 years Depreciation period and residual value are reassessed annually. Impairment of property, plant and equipment The carrying amounts of property, plant and equipment are assessed on an annual basis to determine whether there is any indication of impairment other than that expressed by depreciation. If so, the asset is written down to its lower recoverable amount. Receivables The Company has chosen IAS 39 as interpretation for impairment write-down of financial receivables. Receivables are measured at amortised cost. Write-down for bad and doubtful debts is made when there is objective evidence that a receivable or a portfolio of receivables has been impaired. If there is objective evidence that an individual receivable has been impaired, an impairment loss is recognised on an individual basis. Receivables in respect of which there is no objective evidence of individual impairment are tested for objective evidence of impairment on a portfolio basis. The portfolios are primarily based on the country of domicile and credit ratings of the debtors in accordance with the credit risk management policy of the Parent Company and the Group. The objective evidence applied to portfolios is determined based on historical loss experience. Impairment losses are calculated as the difference between the carrying amount of the receivables and the present value of the expected cash flows, including the realisable value of any collateral received. The effective interest rate of the individual receivable or portfolio is used as discount rate. Prepayments Prepayments comprise prepaid expenses concerning subsequent financial reporting years. Provisions Provisions are recognised when - in consequence of an event occurred before or on the balance sheet date; - the Company has a legal or constructive obligation; and - it is probable that economic benefits must be given up to settle the obligation. Deferred tax assets and liabilities Deferred income tax is measured using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes on the basis of the intended use of the asset and settlement of the liability, respectively. Deferred tax assets are measured at the value at which the asset is expected to be realised, either by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation at the balance sheet date when the deferred tax is expected to crystallise as current tax. Any changes in deferred tax due to changes to tax rates are recognised in the income statement or in equity if the deferred tax relates to items recognised in equity. Corporation tax Current tax liabilities and receivables are recognised in the balance sheet as the expected taxable income for the year adjusted for tax on taxable incomes for prior years and tax paid on account. Extra payments and repayment under the on-account taxation scheme are recognised in the income statement in tax on profit/(loss) for the year. Financial debts Debts are measured at amortised cost, substantially corresponding to nominal value. Deferred rent Deferred rent consists of a rental discount which is accrued over the term of the lease period. Financial Highlights Explanation of financial ratios Profit before financials x 100 Profit margin Revenue Return on assets Profit before financials x 100 Total assets Solvency ratio Equity at year end x 100 Total assets at year end Return on equity Net profit for the year x 100 Average equity true Cash flow statement With reference to section 86(4) of the Danish Financial Statements Act and to the cash flow statement included in the consolidated financial statements of Alphabet Inc., the Company has not prepared a cash flow statement. Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2022-01-01 2022-12-31 2021-01-01 2021-12-31 2023-06-28 Reporting class C, large enterprise 28866984 https://www.gstatic.com/gumdrop/sustainability/google-2023-eu-nfrd-report.pdf https://www.gstatic.com/gumdrop/sustainability/google-2023-eu-nfrd-report.pdf 2023-06-27 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup Opinion Basis for Opinion 2023-06-28 30700228