75559828 2021-01-01 2021-12-31 75559828 2021-01-01 2021-12-31 0 75559828 2021-01-01 2021-12-31 1 75559828 2021-01-01 2021-12-31 2 75559828 2021-01-01 2021-12-31 0 75559828 2020-01-01 2020-12-31 75559828 2020-12-31 75559828 2021-12-31 75559828 2021-01-01 2021-12-31 0 75559828 2020-01-01 2020-12-31 1 75559828 2020-01-01 2020-12-31 2 75559828 2020-01-01 2020-12-31 0 75559828 2021-01-01 2021-12-31 0 75559828 2021-01-01 2021-12-31 1 75559828 2020-01-01 2020-12-31 2 75559828 2021-01-01 75559828 2020-01-01 75559828 2021-01-01 2021-12-31 ifrs-full:SeparateMember 75559828 2020-01-01 2020-12-31 ifrs-full:SeparateMember 75559828 2021-12-31 ifrs-full:SeparateMember 75559828 2020-12-31 ifrs-full:SeparateMember 75559828 2021-01-01 2021-12-31 ifrs-full:SeparateMember 3 75559828 2020-01-01 2020-12-31 ifrs-full:SeparateMember 4 75559828 2021-01-01 ifrs-full:SeparateMember 75559828 2020-01-01 ifrs-full:SeparateMember 75559828 2021-01-01 2021-12-31 0 iso4217:DKK 2022-07-05 2021-01-01 2021-12-31 Bengt Sundström Blixtz Holding A/S Dynamovej 11C 2860 Søborg 75559828 1984-09-11 Gladsaxe <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management statement</td></tr><tr><td colspan="1">The Board of Directors and the Executive Management have today discussed and approved the Annual Report</td></tr><tr><td colspan="1">of Blixtz Holding A/S for 2021.</td></tr><tr><td colspan="1">The Annual Report has been prepared in accordance with International Financial Reporting Standards as</td></tr><tr><td colspan="1">adopted by the EU and additional requirements under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the consolidated financial statements and the Parent Company’s financial statements give a</td></tr><tr><td colspan="1">true and fair view of the Group’s and the Parent Company’s assets, liabilities, and financial position at 31</td></tr><tr><td colspan="1">December 2021 and of the results of the Group’s and the Parent Company’s operations and cash flows for the</td></tr><tr><td colspan="1">financial year 2021.</td></tr><tr><td colspan="1">Further, in our opinion the Management review includes a true and fair review of the development in the</td></tr><tr><td colspan="1">Group’s and the Parent Company’s operations and financial matters, of the result for the year and of the</td></tr><tr><td colspan="1">Group’s and the Parent Company’s financial position as well as describes the significant risks and uncertainties</td></tr><tr><td colspan="1">affecting the Group and the Parent Company.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We recommend that the Annual Report be approved at the General Meeting.</td></tr></table> Copenhagen 2022-07-05 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independent auditor’s report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the shareholder of Blixtz Holding A/S</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Opinion</td></tr><tr><td colspan="1">We have audited the consolidated financial statements and the parent financial statements of Blixtz Holding</td></tr><tr><td colspan="1">A/S for the financial year 01.01.2021 – 31.12.2021, which comprise the statement of comprehensive income,</td></tr><tr><td colspan="1">balance sheet, statement of changes in equity, cash flow statement and notes, including a summary of</td></tr><tr><td colspan="1">significant accounting policies, for the Group as well as the Parent. The consolidated financial statements and</td></tr><tr><td colspan="1">the parent financial statements are prepared in accordance with International Financial Reporting Standards</td></tr><tr><td colspan="1">as adopted by the EU and additional requirements of the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the consolidated financial statements and the parent financial statements give a true and fair</td></tr><tr><td colspan="1">view of the Group’s and the Parent’s financial position at 31.12.2021, and of the results of their operations and</td></tr><tr><td colspan="1">cash flows for the financial year 01.01.2021 - 31.12.2021 in accordance with International Financial Reporting</td></tr><tr><td colspan="1">Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis for opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional</td></tr><tr><td colspan="1">requirements applicable in Denmark. Our responsibilities under those standards and requirements are further</td></tr><tr><td colspan="1">described in the Auditor’s responsibilities for the audit of the consolidated financial statements and the parent</td></tr><tr><td colspan="1">financial statements section of this auditor’s report. We are independent of the Group in accordance with the</td></tr><tr><td colspan="1">International Ethics Standards Board of Accountants' Code of Ethics for Professional Accountants (IESBA</td></tr><tr><td colspan="1">Code) and the additional requirements applicable in Denmark, and we have fulfilled our other ethical</td></tr><tr><td colspan="1">responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained</td></tr><tr><td colspan="1">is sufficient and appropriate to provide a basis for our opinion.</td></tr><tr><td colspan="1">Material uncertainty regarding going concern assumption</td></tr><tr><td colspan="1">Without modifying our opinion, we draw attention to the information in note 1 Going concern in which the</td></tr><tr><td colspan="1">Management accounts for the uncertainty which exists regarding the company’s ability to continue as a going</td></tr><tr><td colspan="1">concern. We agree with the Management as to the description of uncertainties and the choice of accounting</td></tr><tr><td colspan="1">policies.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement on the management review</td></tr><tr><td colspan="1">Management is responsible for the management review.</td></tr><tr><td colspan="1">Our opinion on the consolidated financial statements and the parent financial statements does not cover the</td></tr><tr><td colspan="1">management review, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the consolidated financial statements and the parent financial statements, our</td></tr><tr><td colspan="1">responsibility is to read the management review and, in doing so, consider whether the management review</td></tr><tr><td colspan="1">is materially inconsistent with the consolidated financial statements and the parent financial statements or our</td></tr><tr><td colspan="1">knowledge obtained in the audit or otherwise appears to be materially misstated.</td></tr><tr><td colspan="1">Moreover, it is our responsibility to consider whether the management review provides the information required</td></tr><tr><td colspan="1">under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Based on the work we have performed, we conclude that the management review is in accordance with the</td></tr><tr><td colspan="1">consolidated financial statements and the parent financial statements and has been prepared in accordance</td></tr><tr><td colspan="1">with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement</td></tr><tr><td colspan="1">of the management review.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management's responsibilities for the consolidated financial statements and the parent financial statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of consolidated financial statements and parent financial</td></tr><tr><td colspan="1">statements that give a true and fair view in accordance with International Financial Reporting Standards as</td></tr><tr><td colspan="1">adopted by the EU and additional requirements of the Danish Financial Statements Act, and for such internal</td></tr><tr><td colspan="1">control as Management determines is necessary to enable the preparation of consolidated financial statements</td></tr><tr><td colspan="1">and parent financial statements that are free from material misstatement, whether due to fraud or error.</td></tr><tr><td colspan="1">In preparing the consolidated financial statements and the parent financial statements, Management is</td></tr><tr><td colspan="1">responsible for assessing the Group’s and the Parent’s ability to continue as a going concern, for disclosing,</td></tr><tr><td colspan="1">as applicable, matters related to going concern, and for using the going concern basis of accounting in</td></tr><tr><td colspan="1">preparing the consolidated financial statements and the parent financial statements unless Management either</td></tr><tr><td colspan="1">intends to liquidate the Group or the Parent or to cease operations, or has no realistic alternative but to do so.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="2">Auditor's responsibilities for the audit of the consolidated financial statements and the parent financial statements</td></tr><tr><td colspan="2">Our objectives are to obtain reasonable assurance about whether the consolidated financial statements and</td></tr><tr><td colspan="2">the parent financial statements as a whole are free from material misstatement, whether due to fraud or error,</td></tr><tr><td colspan="2">and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of</td></tr><tr><td colspan="2">assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional</td></tr><tr><td colspan="2">requirements applicable in Denmark will always detect a material misstatement when it exists.</td></tr><tr><td colspan="2">Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,</td></tr><tr><td colspan="2">they could reasonably be expected to influence the economic decisions of users taken on the basis of these</td></tr><tr><td colspan="2">consolidated financial statements and the parent financial statements.</td></tr><tr><td colspan="2">As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark,</td></tr><tr><td colspan="2">we exercise professional judgement and maintain professional scepticism throughout the audit.</td></tr><tr><td colspan="2">We also</td></tr><tr><td>•</td><td>Identify and assess the risks of material misstatement of the consolidated financial statements and the</td></tr><tr><td /><td>parent financial statements, whether due to fraud or error, design and perform audit procedures</td></tr><tr><td /><td>responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a</td></tr><tr><td /><td>basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher</td></tr><tr><td /><td>than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,</td></tr><tr><td /><td>misrepresentations, or the override of internal control.</td></tr><tr><td>•</td><td>Obtain an understanding of internal control relevant to the audit in order to design audit procedures</td></tr><tr><td /><td>that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the</td></tr><tr><td /><td>effectiveness of the Group’s and the Parent’s internal control.</td></tr><tr><td>•</td><td>Evaluate the appropriateness of accounting policies used and the reasonableness of accounting</td></tr><tr><td /><td>estimates and related disclosures made by Management.</td></tr><tr><td>•</td><td>Conclude on the appropriateness of Management’s use of the going concern basis of accounting in</td></tr><tr><td /><td>preparing the consolidated financial statements and the parent financial statements, and, based on</td></tr><tr><td /><td>the audit evidence obtained, whether a material uncertainty exists related to events or conditions that</td></tr><tr><td /><td>may cast significant doubt on the Group's and the Parent’s ability to continue as a going concern. If</td></tr><tr><td /><td>we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report</td></tr><tr><td /><td>to the related disclosures in the consolidated financial statements and the parent financial statements</td></tr><tr><td /><td>or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit</td></tr><tr><td /><td>evidence obtained up to the date of our auditor’s report. However, future events or conditions may</td></tr><tr><td /><td>cause the Group and the Parent to cease to continue as a going concern.</td></tr><tr><td>•</td><td>Evaluate the overall presentation, structure and content of the consolidated financial statements and</td></tr><tr><td /><td>the parent financial statements, including the disclosures in the notes, and whether the consolidated</td></tr><tr><td /><td>financial statements and the parent financial statements represent the underlying transactions and</td></tr><tr><td /><td>events in a manner that gives a true and fair view.</td></tr><tr><td>•</td><td>Obtain sufficient appropriate audit evidence regarding the financial information of the entities or</td></tr><tr><td /><td>business activities within the Group to express an opinion on the consolidated financial statements.</td></tr><tr><td /><td>We are responsible for the direction, supervision and performance of the group audit. We remain solely</td></tr><tr><td /><td>responsible for our audit opinion.</td></tr><tr><td colspan="2">We communicate with those charged with governance regarding, among other matters, the planned scope</td></tr><tr><td colspan="2">and timing of the audit and significant audit findings, including any significant deficiencies in internal control</td></tr><tr><td colspan="2">that we identify during our audit.</td></tr></table> Aalborg 2022-07-05 129435000 68015000 61420000 15965000 29406000 43657000 654000 11847000 -8179000 3670000 11296000 -15805000 -5836000 -9969000 -27125000 -37094000 32000 15327000 71856000 20120000 67031000 29937000 -21605000 -15489000 38706000 -8769000 11865000 632000 4797000 -138000 6321000 1206000 17785000 -10258000 2713000 1798000 63712000 59201000 1732000 286000 -48504000 439000 935000 Årsrapport 24994570 LAURITZ.COM A/S Dynamovej 11C 2860 Søborg xWizard version 1.1.1127.0, by EasyX Aps. www.easyx.eu 2020-01-01 2020-12-31 Revisionspåtegning Grundlag for konklusion Konklusion Bengt Olof Tony Sundström Chairman John Tyrrestrup Claus Clemen Boysen Mette Margrethe Rode Sundstrøm CEO 122402000 67681000 54721000 16436000 30459000 41653000 1098000 10713000 -12766000 2868000 24217000 -34115000 -6379000 -27736000 -14688000 -42424000 5845000 5845000 -36579000 -23515000 -18909000 -20232000 -16347000 10713000 503000 585000 19421000 2567000 21993000 2868000 5668000 31535000 3731000 622000 -4912000 1762000 -10860000 15763000 935000 622000 6200000 2749000 40546000 50117000 5811000 164375000 29994000 200180000 10942000 1857000 263096000 19253000 74000 2585000 30252000 4702000 37613000 21873000 202280000 281019000 544115000 2000000 17556000 52114000 71670000 12898000 84568000 42256000 4726000 33046000 15000000 95028000 13446000 147940000 1415000 1895000 46895000 38780000 4327000 254698000 109821000 459547000 544115000 55382000 2585000 1256000 40546000 44387000 5486000 234824000 31110000 271420000 16146000 2094000 334047000 18621000 74000 1969000 32161000 6616000 40820000 23247000 82688000 416735000 2000000 -4049000 112425000 110376000 4129000 114505000 60777000 4174000 32466000 116640000 5318000 219375000 10890000 1845000 2189000 45557000 21493000 881000 82855000 302230000 416735000 23247000 Other adjustments -2932000 Other adjustments 6104000 Cash flow from operating activities, discontinued operations 12342000 Cash flow from investing activities, discontinued operations -559000 Repayment, bonds -33111000 Repayment, senior loan -13375000 Cash flow from financing activities, discontinued operations -9098000 21873000 38684000 55000 55000 92000 22000 -59000 -6762000 5794000 2359000 -3386000 -157000 -3229000 -3229000 22000 4075000 2989000 1204000 1402000 1520000 23000 1063000 580000 -580000 483000 101000 101000 470000 38000 -407000 272000 2204000 1128000 397000 176000 221000 221000 38000 -2243000 -298000 -1596000 1562000 378000 -412000 31000 31000 -381000 1740000 1740000 22903000 45000 78735000 103423000 6000 6000 503000 509000 103932000 2000000 71610000 73610000 2666000 15000000 17666000 249000 3172000 8357000 878000 12656000 30322000 103932000 503000 1762000 1762000 29665000 45000 78267000 109739000 764000 764000 20000 784000 110523000 2000000 74839000 76839000 3246000 15000000 18246000 803000 2311000 7831000 4327000 166000 15438000 33684000 110523000 20000 Other adjustments 155000 Other adjustments 718000 20000 401000 BEIERHOLM Statsautoriseret Revisionspartnerselskab 32895468 Martin Ødum Madsen Statsaut. revisor mne45893