xbrli:pureiso4217:DKK432554602023-01-012023-12-31432554602023-01-012023-12-311432554602023-01-012023-12-311432554602023-01-012023-12-312432554602023-01-012023-12-313432554602023-01-012023-12-31432554602022-05-042022-12-31432554602023-01-012023-12-31fsa:RetainedEarningsMember432554602023-12-31432554602022-12-31432554602023-01-01fsa:ContributedCapitalMember432554602023-01-01fsa:RetainedEarningsMember432554602023-01-01432554602023-12-31fsa:ContributedCapitalMember432554602023-12-31fsa:RetainedEarningsMemberGrundlag for konklusionKonklusiontrue2022-05-042022-12-31KøbenhavnKøbenhavn K1300Regnskabsklasse BErklæring om udvidet gennemgang2023-12-312023-01-012<br /><br />10BorgergadeWolt Development Danmark ApS43255460339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportKPMG Statsautoriseret Revisionspartnerselskab Frederiks Plads 428000 Aarhus C 25578198The Executive Board has today considered and approved the annual report of Wolt Development Danmark ApS for the financial year 01.01.2023 - 31.12.2023. 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 31.12.2023 and of the results of its operations for the financial year 01.01.2023 - 31.12.2023.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.Copenhagen2024-07-16Jani Johannes SalovaaraJammu Evert JokinenPatrick Niklas DümerTo the shareholders of Wolt Development Danmark ApSWe have performed an extended review of the financial statements of Wolt Development Danmark ApS for the ​financial year 01.01.2023 - 31.12.2023, 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 the work performed, it is our opinion that the financial statements give a true and fair view of the Company’s assets, liabilities and ​financial position at 31.12.2023 and of the results of the Company's operations for the financial year 01.01.2023 - 31.12.2023 in accordance with the Danish Financial Statements Act.We conducted our extended review in accordance with the Danish Business Authority's Assurance Standard for Small Enterprises and FSR – Danish Auditors' standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the "Auditor's responsibility for the extended review 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. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 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 that 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. Our responsibility is to express a conclusion on the financial statements. This requires that we plan and perform procedures in order to obtain limited assurance for our conclusion on the financial statements and in addition perform specifically required supplementary procedures in order to obtain further assurance for our conclusion. An extended review comprises procedures primarily consisting of making enquiries of Management and others within the entity, as appropriate, applying analytical procedures and the specifically required supplementary procedures, and evaluating the evidence obtained. The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on these 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 in the relevant law and regulations. We did not identify any material misstatement of the management commentary.Aarhus C2024-07-16Katrine Gybelmne45848State Authorised Public AccountantPrimary activitiesWolt Development Danmark ApS is a subsidiary of Wolt Enterprises OY (FI26466749, reg. office Helsinki). The company carries out local activities in the group, related to research and development in connection with an online platform for the online sale and delivery of food and other products.Development in activities and financesThe company was established in May 2022 and was only starting its operations in connection with its business purpose. The company expected its net revenue to increase in 2023 compared to the previous year, as the business gained a foothold. Profitability is expected to increase in the year to follow with a single-digit percentage (%) growth. The income statement of the Company for 2023 shows a profit of DKK 122.901, and at 31 December 2023 the balance sheet of the Company shows equity of DKK 156.994.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.2314224195721428010171423195720980159557864157566-5907346650122901-5907122901122901-59071063416375092409001087506375091087506375091087506375094000040000116994-59071569943409340000-590734093400001169942099303466508748543416930512341693051234161087506375091 Staff costs2023 DKK2022 DKKWages and salaries2,025,8820Other social security costs116,91902,142,8010Average number of full-time employees1001002 Other financial income 2023 DKK2022 DKKFinancial income from group enterprises2,09802,09803 Other financial expenses2023 DKK2022 DKKFinancial expenses from group enterprises1,2340Interest regarding tax paid on account05,907Other financial expenses14,7211,95715,9557,864<br />2023 DKK2022 DKKFinancial expenses from group enterprises1,2340Interest regarding tax paid on account05,907Other financial expenses14,7211,95715,9557,8644 Tax on profit/loss for the year2023 DKK2022 DKKCurrent tax34,665034,66505 Receivables from group enterprisesThe Wolt Group has entered a cash pool arrangement with the Group’s bank, where Wolt Development Danmark ApS is participating with other group entities. The characteristics of the cash pool arrangement give the bank the possibly to net deposits and loan towards each other, which means that it is only the net amount of covered group accounts that constitutes the amounts towards the bank. Wolt Development Danmark ApS' accounts in the cash pool arrangement, which are recognized under receivables to group enterprises amounts to DKK 413,085 as of 31 December 2023. 6 Contingent liabilitiesThe Entity participates in a Danish joint taxation arrangement where Wolt Danmark ApS serves as the administration company. 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 the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.7 Group relationsName and registered office of the Parent preparing consolidated financial statements for the smallest group: DoorDash, Inc., 303 2nd Street, South Tower, Suite 800, San Francisco CA 94107, United StatesThis 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. The Financial Statements for 2023 are presented in DKK. falseRecognition 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 revenue, changes in inventories of finished goods and work in progress, own work capitalised, other operating income, cost of raw materials and consumables and external expenses.RevenueRevenue from the sale of manufactured goods and goods for resale is recognised in the income statement when delivery is made and risk has passed to the buyer. Revenue from the sale of services is recognised in the income statement when delivery is made to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for premises, stationery and office supplies, marketing costs, etc. This item also includes writedowns of receivables recognised in current assets.Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc . for entity staff.Other financial incomeOther financial income comprises dividends etc. received on other investments, interest income, including interest income on receivables from group enterprises, net capital or exchange gains on securities, payables and transactions in foreign currencies, amortisation of financial assets, and tax relief under the Danish Tax Prepayment Scheme 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 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 recognized in the income statement, whereas the tax attributable to equity transactions is recognized directly in equity. The company is subject to Danish rules on compulsory joint taxation of Danish group enterprises. The company acts as an administration company in relation to the joint taxation. This means that the total Danish tax payable by the Danish consolidated companies is paid to the tax authorities by the company. The current Danish income tax is allocated among the jointly taxed companies proportional to their respective taxable income (full allocation with reimbursement of tax losses). ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts. Deposits in the Group’s cash pool arrangement is due to the characteristics of the arrangement classified as receivables from group enterprises or payables to group enterprises. Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.Tax receivable or payableCurrent tax receivable or payable is recognised in the balance sheet, stated as tax computed on this year's taxable income, adjusted for prepaid tax.2024-07-16Saija Sampio