75559828 2022-01-01 2022-12-31 75559828 2022-01-01 2022-12-31 0 75559828 2022-01-01 2022-12-31 1 75559828 2022-01-01 2022-12-31 2 75559828 2022-01-01 2022-12-31 0 75559828 2021-01-01 2021-12-31 75559828 2022-12-31 75559828 2021-12-31 75559828 2022-01-01 2022-12-31 0 75559828 2021-01-01 2021-12-31 1 75559828 2022-01-01 2022-12-31 0 75559828 2022-01-01 2022-12-31 1 75559828 2021-01-01 2021-12-31 2 75559828 2022-01-01 2022-12-31 0 75559828 2021-01-01 2021-12-31 1 75559828 2021-01-01 2021-12-31 2 75559828 2022-01-01 2022-12-31 3 75559828 2021-01-01 2021-12-31 4 75559828 2022-01-01 2022-12-31 5 75559828 2022-01-01 2022-12-31 6 75559828 2022-01-01 75559828 2021-01-01 75559828 2022-01-01 2022-12-31 ifrs-full:SeparateMember 75559828 2021-01-01 2021-12-31 ifrs-full:SeparateMember 75559828 2022-12-31 ifrs-full:SeparateMember 75559828 2021-12-31 ifrs-full:SeparateMember 75559828 2021-01-01 2021-12-31 ifrs-full:SeparateMember 2 75559828 2022-01-01 2022-12-31 ifrs-full:SeparateMember 3 75559828 2022-01-01 2022-12-31 ifrs-full:SeparateMember 4 75559828 2022-01-01 2022-12-31 ifrs-full:SeparateMember 7 75559828 2021-01-01 2021-12-31 ifrs-full:SeparateMember 8 75559828 2022-01-01 2022-12-31 ifrs-full:SeparateMember 9 75559828 2022-01-01 ifrs-full:SeparateMember 75559828 2021-01-01 ifrs-full:SeparateMember 75559828 2022-01-01 2022-12-31 0 iso4217:DKK xbrli:pure Blixtz Holding A/S Bellevuevej 10 2930 Klampenborg 75559828 1984-09-11 Gentofte 2022-01-01 2022-12-31 2024-01-18 Bengt Olof Tony Sundström <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></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">The Board of Directors and the Executive Management have today discussed and approved the Annual</td></tr><tr><td colspan="1">Report of Blixtz Holding A/S for 2022.</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">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></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">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 2022 and of the results of the Group’s and the Parent Company’s operations and cash flows for</td></tr><tr><td colspan="1">the financial year 2022.</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">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</td></tr><tr><td colspan="1">uncertainties 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> <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">Adverse opinion</td></tr><tr><td colspan="1">We have audited the consolidated financial statements and the financial statements of Blixtz Holding A/S for</td></tr><tr><td colspan="1">the financial year 01.01.2022 – 31.12.2022, 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 significant</td></tr><tr><td colspan="1">accounting policies, for the Group and the company. The present consolidated financial statements and</td></tr><tr><td colspan="1">financial statements is a restatement of the financial statements and financial statements that was approved</td></tr><tr><td colspan="1">by management as of 28.06.2023. The consolidated financial statements and the financial statements are</td></tr><tr><td colspan="1">prepared in accordance with International Financial Reporting Standards as adopted by the EU and</td></tr><tr><td colspan="1">additional requirements of the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, because of the significance of the matters discussed in the ‘Basis for adverse opinion’ section</td></tr><tr><td colspan="1">of our report, the consolidated financial statements and financial statements do not give a true and fair view</td></tr><tr><td colspan="1">of the group’s and the company’s financial position at 31.12.2022, and of the results of the group and the</td></tr><tr><td colspan="1">company’s operations and cash flows for the financial year 01.01.2022 - 31.12.2022 in accordance with</td></tr><tr><td colspan="1">International Financial Reporting Standards as adopted by the EU and additional requirements of the Danish</td></tr><tr><td colspan="1">Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the general meeting should not adopt the annual 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">Basis for adverse opinion</td></tr><tr><td colspan="1">Modification to opinion regarding going concern</td></tr><tr><td colspan="1">Management presents the consolidated financial statements and financial statements on a going</td></tr><tr><td colspan="1">concern assumption. As explained in note #1 by Management, it is essential for the company’s ability to</td></tr><tr><td colspan="1">continue as a going concern that assets are sold in order for the group to be able to repay its debt in due</td></tr><tr><td colspan="1">time. Management has provided information on their ongoing and active sales process, however, the sales</td></tr><tr><td colspan="1">process has so far not resulted in a sale. In our opinion, the criteria for preparing the annual report under the</td></tr><tr><td colspan="1">assumption of to continuing as a going concern is not met especially due to an uncertainty about the sale of</td></tr><tr><td colspan="1">Vignelaure S.A.S. We therefore modify our opinion as a consequence of the fact that the financial statements</td></tr><tr><td colspan="1">have been presented on a going concern assumption</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</td></tr><tr><td colspan="1">further described in the Auditor’s responsibilities for the audit of the consolidated financial statements and the</td></tr><tr><td colspan="1">financial statements section of this auditor’s report. We are independent of the Group and the company in</td></tr><tr><td colspan="1">accordance with the International Ethics Standards Board of Accountants' Code of Ethics for Professional</td></tr><tr><td colspan="1">Accountants (IESBA Code) and the additional requirements applicable in Denmark, and we have fulfilled our</td></tr><tr><td colspan="1">other ethical responsibilities in accordance with these requirements and the IESBA Code.</td></tr><tr><td colspan="1">We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our</td></tr><tr><td colspan="1">adverse opinion.</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">Emphasis of matters</td></tr><tr><td colspan="1">Amendment of consolidated financial statements and financial statements</td></tr><tr><td colspan="1">The present consolidated financial statements and financial statements is a restatement of the consolidated</td></tr><tr><td colspan="1">financial statements and financial statements for the financial year 01.01.2022 – 31.12.2022 that was</td></tr><tr><td colspan="1">approvedby management as of 28.06.2023. Therefore the consolidated financial statements and financial</td></tr><tr><td colspan="1">statements approved by management at 28.06.2023 is no longer is valid. We draw attention to the</td></tr><tr><td colspan="1">information in note #0 in which management has stated the reason for the restatement of consolidated</td></tr><tr><td colspan="1">financial statements and financial statements.</td></tr><tr><td colspan="1">Reference to particularly uncertain factors for the recognition and measurement of items in the financial</td></tr><tr><td colspan="1">statements</td></tr><tr><td colspan="1">We draw attention to the information in note #12 in which management accounts for its valuation of the</td></tr><tr><td colspan="1">group’s vineyard located in France. The vineyard has been listed for sale.</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 regarding the management’s review</td></tr><tr><td colspan="1">Management is responsible for the management’s review.</td></tr><tr><td colspan="1">Our opinion on the consolidated financial statements and the financial statements does not cover the</td></tr><tr><td colspan="1">management’s 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 financial statements, it is our</td></tr><tr><td colspan="1">responsibility to read the management’s 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 financial statements or our</td></tr><tr><td colspan="1">knowledge obtained during 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’s review provides the information</td></tr><tr><td colspan="1">required under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Based on the work we have performed, we conclude that management’s review is in accordance with the</td></tr><tr><td colspan="1">financial statements and has been prepared in accordance with the requirements of the Danish Financial</td></tr><tr><td colspan="1">Statements Act. We did not identify any material misstatement of management’s review. As described in the</td></tr><tr><td colspan="1">‘Adverse opinion’ section of our report, we believe that the financial statements do not give a true and fair</td></tr><tr><td colspan="1">view.</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 financial statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of the consolidated financial statements and financial</td></tr><tr><td colspan="1">statements in accordance with International Financial Reporting Standards as adopted by the EU and</td></tr><tr><td colspan="1">additional requirements of the Danish Financial Statements Act, and for such internal control as</td></tr><tr><td colspan="1">management determines is necessary to enable the preparation of consolidated financial statements and</td></tr><tr><td colspan="1">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 financial statements, management is responsible</td></tr><tr><td colspan="1">for assessing the group’s and the company’s ability to continue as a going concern, disclosing, as applicable,</td></tr><tr><td colspan="1">matters related to going concern, and using the going concern basis of accounting in preparing the</td></tr><tr><td colspan="1">consolidated financial statements and the financial statements unless management either intends to liquidate</td></tr><tr><td colspan="1">the group and the company 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="1">Auditor's responsibilities for the audit of the consolidated financial statements and the financial</td></tr><tr><td colspan="1">statements</td></tr><tr><td colspan="1">Our objectives are to obtain reasonable assurance about whether the consolidated financial statements and</td></tr><tr><td colspan="1">the financial statements as a whole are free from material misstatement, whether due to fraud or error, and</td></tr><tr><td colspan="1">to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of</td></tr><tr><td colspan="1">assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional</td></tr><tr><td colspan="1">requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements</td></tr><tr><td colspan="1">can arise from fraud or error and are considered material if, individually or in the aggregate, they could</td></tr><tr><td colspan="1">reasonably be expected to influence the economic decisions of users taken on the basis of these</td></tr><tr><td colspan="1">consolidated financial statements and the financial statements.</td></tr><tr><td colspan="1">As part of an audit conducted in accordance with ISAs and the additional requirements applicable in</td></tr><tr><td colspan="1">Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit.</td></tr><tr><td colspan="1">We also</td></tr><tr><td colspan="1">• Identify and assess the risks of material misstatement of the consolidated financial statements and</td></tr><tr><td colspan="1">the financial statements, whether due to fraud or error, design and perform audit procedures</td></tr><tr><td colspan="1">responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a</td></tr><tr><td colspan="1">basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher</td></tr><tr><td colspan="1">than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,</td></tr><tr><td colspan="1">misrepresentations, or the override of internal control.</td></tr><tr><td colspan="1">• Obtain an understanding of internal control relevant to the audit in order to design audit procedures</td></tr><tr><td colspan="1">that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the</td></tr><tr><td colspan="1">effectiveness of the group’s and the company’s internal control.</td></tr><tr><td colspan="1">• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting</td></tr><tr><td colspan="1">estimates and related disclosures made by management.</td></tr><tr><td colspan="1">• Conclude on the appropriateness of management’s use of the going concern basis of accounting in</td></tr><tr><td colspan="1">preparing the consolidated financial statements and the parent financial statements, and, based on</td></tr><tr><td colspan="1">the audit evidence obtained, whether a material uncertainty exists related to events or conditions that</td></tr><tr><td colspan="1">may cast significant doubt on the group's and the company’s ability to continue as a going concern.</td></tr><tr><td colspan="1">If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s</td></tr><tr><td colspan="1">report to the related disclosures in the consolidated financial statements and the parent financial</td></tr><tr><td colspan="1">statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based</td></tr><tr><td colspan="1">on the audit evidence obtained up to the date of our auditor’s report. However, future events or</td></tr><tr><td colspan="1">conditions may cause the group and the company to cease to continue as a going concern.</td></tr><tr><td colspan="1">• Evaluate the overall presentation, structure and content of the consolidated financial statements and</td></tr><tr><td colspan="1">the financial statements, including the disclosures, and whether the consolidated financial</td></tr><tr><td colspan="1">statements and the financial statements represent the underlying transactions and events in a</td></tr><tr><td colspan="1">manner that gives a true and fair view.</td></tr><tr><td colspan="1">• Obtain sufficient appropriate audit evidence regarding the financial information of the entities or</td></tr><tr><td colspan="1">business activities within the group to express an opinion on the consolidated financial statements.</td></tr><tr><td colspan="1">We are responsible for the direction, supervision and performance of the group audit. We remain</td></tr><tr><td colspan="1">solely responsible for our audit opinion.</td></tr><tr><td colspan="1">We communicate with those charged with governance regarding, among other matters, the planned scope</td></tr><tr><td colspan="1">and timing of the audit and significant audit findings, including any significant deficiencies in internal control</td></tr><tr><td colspan="1">that we identify during our audit.</td></tr><tr><td colspan="1">Violation of the Danish Companies Act</td></tr><tr><td colspan="1">Failure to keep a signed minute book</td></tr><tr><td colspan="1">Contrary to the Danish Companies Act, the company has failed to prepare and keep a signed minute book</td></tr><tr><td colspan="1">for the Board of Directors, and management may therefore incur liability.</td></tr></table> Aalborg 2024-01-18 119563000 46590000 72973000 16341000 49109000 2284000 80395000 -72351000 9062000 15643000 -78932000 14689000 -93621000 -225000 -93846000 14900000 3278000 1450000 242000 12830000 -81016000 -60303000 -33543000 12528000 302000 -47775000 -33241000 80378000 -650000 22844000 -12412000 9719000 776000 -7859000 2636000 -2874000 11000 -1164000 -6461000 -2822000 -15581000 3841000 Årsrapport 32895468 BEIERHOLM, STATSAUTORISERET REVISIONSPARTNERSELSKAB Voergårdvej 2 9200 Aalborg SV xWizard version 1.1.1248.0, by EasyX Aps. www.easyx.eu 2021-01-01 2021-12-31 Revisionspåtegning Reporting class C, medium-size enterprise 74 Basis for Adverse Opinion Adverse Opinion Bengt Olof Tony Sundström Chairman Mette Margrethe Rode Sundstrøm Claus Clemen Boysen Mette Margrethe Rode Sundstrøm CEO 129435000 68015000 61420000 15677000 43558000 440000 11847000 -8154000 3670000 11296000 -15780000 -5836000 -9944000 -27150000 -37094000 -32000 15327000 31381000 10484000 36192000 -902000 -21605000 -15489000 39971000 6721000 18366000 -8768000 11865000 632000 4797000 138000 6321000 1206000 -17785000 -10258000 -2713000 -1798000 59201000 -1732000 -48504000 23247000 0 0 1228000 0 1228000 0 221928000 10435000 232363000 975000 0 975000 234566000 19271000 74000 3489000 0 3921000 7484000 3841000 30596000 4948000 270110000 2000000 -74901000 94114000 21213000 -18563000 2650000 54664000 4264000 28861000 110351000 4706000 202846000 3408000 1925000 40737000 17146000 1391000 64607000 7000 267460000 270110000 2585000 1256000 40546000 44387000 5486000 211405000 14054000 230945000 16146000 2094000 18240000 293572000 18621000 74000 1969000 32161000 6616000 40820000 23247000 82688000 376260000 2000000 -14598000 81586000 68988000 14678000 83666000 51141000 4174000 32466000 116640000 5318000 209739000 10890000 1845000 2189000 45557000 21493000 881000 82855000 292594000 376260000 Impairment and losses on receivables/payables -8090000 Other adjustments -2957000 Purchase of financial assets -434000 Acquisitions and divestments -2000000 Acquisitions and divestments 63712000 Repayment, bonds -10640000 Repayment, bonds -33111000 Repayment, senior loan -13375000 Repayment, bank debt -3869000 Repayment, bank debt -286000 Proceeds from other debt 2000000 Repayment, other debt -250000 23247000 21873000 31000 31000 105000 0 -74000 -7252000 1483000 1220000 -7063000 -487000 -6576000 -6576 0 -212000 1214000 928000 1253000 -571000 1610000 -2656000 557000 -489000 14000 55000 55000 92000 22000 -59000 -6762000 5794000 2359000 -3386000 -157000 -3229000 -3229000 22000 4075000 -2989000 1204000 1402000 -1520000 -23000 1063000 -580000 483000 503000 49000 1729000 1729000 18318000 45000 73202000 91565000 93294000 5747000 219000 5966000 14000 5980000 99274000 2000000 65034000 67034000 1360000 16150000 17510000 600000 194000 1092000 3034000 8487000 1323000 14730000 32240000 99274000 1740000 1740000 22903000 45000 78735000 101683000 103423000 6000 6000 503000 509000 103932000 2000000 71610000 73610000 2666000 15000000 17666000 249000 3172000 8357000 878000 12656000 30322000 103932000 Other adjustments 155000 Sale of fixed assets assets 11000 Acquisition of equity interests -2667000 Repayment of loans and borrowings -1443000 Repayment of loans and borrowings -580000 Proceeds from loans and borrowings 2000000 503000 20000 BEIERHOLM Statsautoriseret Revisionspartnerselskab 32895468 Martin Ødum Madsen Statsaut. revisor mne45893