375404472024-01-012024-12-311375404472024-01-012024-12-31375404472024-01-012024-12-311375404472024-01-012024-12-311375404472024-01-012024-12-312375404472024-01-012024-12-313375404472024-12-31375404472023-12-31fsa:ContributedCapitalMember375404472023-12-31fsa:RetainedEarningsMember375404472023-12-31375404472024-01-012024-12-31fsa:ContributedCapitalMember375404472024-01-012024-12-31fsa:RetainedEarningsMember375404472024-12-31fsa:ContributedCapitalMember375404472024-12-31fsa:RetainedEarningsMember375404472023-01-012023-12-31iso4217:DKKxbrli:pureKPMG Statsautoriseret Revisionspartnerselskab368206000310814000 Dampfærgevej 28-1836000-23230002100 København Ø 22830001921000255781986850900054819000The Board of Directors and the Executive Board have today considered and approved the annual report of Wolt Danmark ApS for the financial year 01.01.2024 - 31.12.2024.150485000134272000The annual report is presented in accordance with the Danish Financial Statements Act.153331000125967000In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2024 and of the results of its operations for the financial year 01.01.2024 - 31.12.2024.147013000117923000We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.25910001625000We recommend the annual report for adoption at the Annual General Meeting.37270006419000Copenhagen K1540009390002025-06-3040550001435000Søren Meier Viemose Svendsen-1740005923000Jammu Evert Jokinen14400002237000Søren Meier Viemose Svendsen-16140003686000Jani Johannes Salovaara91280009302000To the shareholders of Wolt Danmark ApS91280009302000We have audited the financial statements of Wolt Danmark ApS for the financial year 01.01.2024 - 31.12.2024, 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. ​ ​In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2024 and of the results of its operations for the financial year 01.01.2024 - 31.12.2024 in accordance with the Danish Financial Statements Act.403000304000We 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 this auditor’s report. 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 audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.4600077000Management 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, for disclosing, as applicable, matters related to going concern, and for using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so.449000381000Our objectives are to obtain reasonable assurance about 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 the 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 these financial statements.​​As part of an audit conducted in accordance with ISAs and the 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.​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 Entity’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 Entity’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 ​Entity to cease to continue as a going concern.​Evaluate the overall presentation, structure and content of the financial statements, including the disclosures ​in the notes, 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.2371000199900023710001999000Management is responsible for the management commentary. Our opinion 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 audit 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 audit 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.Based on the work we have performed, we conclude that the management commentary is in accordance with ​the 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.​119480001168200014060002267000Copenhagen140600022670002025-06-30114390007928000Klaus Rytz28096000162377000mne33205191361000193053000State Authorised Public Accountant95960007155000Financial highlights2024​DKK'0002023​DKK'0002022​DKK'0002021​DKK'0002020​DKK'000Key figuresRevenue368,206310,814205,696127,48754,894Gross profit/loss153,331125,967102,78071,69329,278Operating profit/loss3,7276,4204,5277,8992,739Net financials(3,901)(497)(486)(453)(65)Profit/loss for the year(1,614)3,6863,2316,3411,944Total assets253,913384,48280,54756,59441,511Investments in property, ​plant and equipment33622009590Equity98,52718,75315,06611,8353,565Average number of employees32526520015261RatiosGross margin (%)41.6440.5349.9756.2453.34EBIT margin (%)1.012.072.206.204.99Net margin (%)(0.44)1.191.574.973.54Return on equity (%)(2.75)21.8024.0282.3574.97Equity ratio (%)38.804.8818.7020.918.59Financial highlights are defined and calculated in accordance with the current version of "Recommendations & Ratios" issued by the CFA Society Denmark.​​The comparative figures for 2020 in the financial highlights have not been adjusted to reflect change in accounting policies made in 2022.Gross margin (%) :Gross profit/loss * 100​RevenueEBIT margin (%):Operating profit/loss * 100​RevenueNet margin (%) :Profit/loss for the year * 100​RevenueReturn on equity (%) :Profit/loss for the year * 100​Average equityEquity ratio (%) :Equity * 100​Total assets2404920003705130006700021000Primary activitiesWolt Danmark ApS (Company) main activity is that it operates on the mobile platform related to marketing, sales support and delivery services, through which users can order food and other products from merchants that are delivered by courier partners. ​​Wolt Danmark ApS operates in the Danish market and there are other industry participants such as Just-Eat A/S. Wolt Danmark ApS started its operation in 2017 and has since then focused on developing its business for its customers in Denmark. ​​Wolt Danmark ApS is a subsidiary of Wolt Oy (Business ID 2646674-9, reg. office Helsinki). The ultimate partner of the Company is DoorDash Inc. that is a US publicly listed company.241965000372801000Development in activities and financesThe Company operates within a limited risk distributor model. The income statement of the Company for 2024 shows a loss of TDKK 1.614 and at 31 December 2024 the balance sheet of the Company shows equity of TDKK 98.527. Compared to last year showing a profit of TDKK 3.686 and the balance sheet showing an equity of TDKK 18.753. The double-digit increase in gross profit, expected as per the outlook included in the financial statement for the year 2023, has been met.253913000384483000Profit/loss for the year in relation to expected developmentsEven though macroeconomic issues such as high inflation also impacted 2024, we are satisfied that we have delivered on the company’s revenue expectations for 2024 with double-digit %-growth compared to the previous year. However the bottom-line shows a loss compared to profit in previous year. In 2023, The Company received a ruling from The Danish Tax Authorities’ tax audit of Wolt courier partners cooperating with Wolt. The liability from the ruling has been fully paid to the Danish Tax Authorities in 2023. Management has appealed against the received Danish Tax Authority’s rulings and awaits a response from the Danish Tax Authorities. Refer to note 14 for further information about the ongoing case. In 2024, the Company received a capital increase in equity from its parent company, Wolt Oy. Refer to the statement of changes in equity for further information. 10000050000OutlookBased on the potential risks and uncertainties of the macroeconomy and the available capital, the Company has created various strategic plans, which are aimed at ensuring the Company's flexibility to respond to the relevant market situation. As the Danish local currency (DKK) is bound by European currency (EUR), management of the Company does not see any currency-based risks due to potential FX-fluctuations. The Company expects the market to remain competitive and continues focusing on driving its business strategies as part of the Wolt group also in 2025. The Company expects both the top-line and bottom-line for FY2025 to grow slightly, on level with previous year. 9842700018703000Knowledge resourcesWolt Danmark ApS is characterized by a dynamic knowledge environment that is changing rapidly. This places high demands on the Company when it comes to collecting and disseminating new knowledge bases. However standardized processes have been implemented to increase the knowledge base and to eliminate the risk of losing crucial employees. ​​In 2024 we launched a new learning platform for all employees called "Wolt Academy". This has enabled us to not​only streamline our onboarding process for new employees, but also set a baseline of knowledge for everyone around key topics such as anti corruption, business ethics and financial risk. Throughout the year 2024 the Company has continued to increase its base of competent and experienced employees, who have further strengthened the Company’s knowledge- and competence base.​​The Company’s core business is of high quality and at a high technological level, hence competent and experienced employees are key to success.9852700018753000Environmental performanceWolt Danmark ApS follows the Wolt-Groups’ sustainability strategy and includes five key pillars which address our most important material topics. In 2024, we launched our woltwide environmental manifesto (Policy) which outlines specific internal targets related to our environmental impact that we must meet. Each year, we calculate our scope 1, 2, and 3 emissions across all Wolt Group operations, following the GHG Protocol. Most emissions (70–80%) come from courier deliveries, so we focus on promoting electric transport. In 2024, we added 17 new vehicle types to our system in 2024 to improve emissions tracking and efficiency. In the same year, we switched to 100% renewable energy in Denmark and made it the standard for new Wolt Market stores. We also stopped purchasing carbon credits and launched the Better Cities Fund to support courier EV adoption. Referring to Wolt.com for further elaboration on the subject.122700066000Research and development activitiesThe Company does not perform any Research & Development activities. The platform is fully owned by Wolt Oy.122700066000Statutory report on corporate social responsibilityBusiness model ​The platform model is the core of Wolt and the main model in Denmark. In this model a consumer places an order on Wolt, which is then received by our merchant partner's venues. Merchant partners prepare and pack the​order. Once the order is ready an independent courier partner can accept and pick up the order and drop it at the consumer's address.​​​The success of the Company depends on our ability to work with our partners, customers and peers to drive positive change. Below is a point-overview of our biggest impacts as a company.​​Our Employees​Wolt remains committed to strong social relationships, employee development, and a healthy work culture. We aim to build a diverse, inclusive workplace that reflects our global community. ​​We enforce zero tolerance for discrimination and annually monitor our employee’s satisfaction-level and for this year, we remain at a good level compared to last year. Our employees scored an above average compared with Wolt's worldwide scores, also compared to an above average score on 31.12.2023. We will continue improving these scores in the coming years. ​​Referring to Wolt.com for further elaboration on the subject.​​Human Rights​Respect for human rights is central to how we operate. We embed this through our Employee Code of Conduct, Supplier Code of Conduct, and partner guidelines, covering fair labor, environmental protection, and business integrity. We screen all vendors for human rights risks annually and at onboarding, in line with CS3D expectations. High-risk suppliers must complete self-assessments and, if needed, undergo audits and corrective actions. ​​Internally, we enforce zero tolerance for discrimination, harassment, or abuse, backed by our policies and a Speak Up channel for reporting concerns, and in 2024, we enhanced our vendor onboarding tool and conducted risk-based assessments in select countries. We also established a DEI team to address human rights topics like disability and gender equality. ​For the years to come we will continue our work on improvements for our onboarding tools and risk based assessments for Human Rights.​​Referring to Wolt.com for further elaboration on the subject.​​Anti-Corruption​Wolt is committed to full legal compliance and the highest ethical standards, with zero tolerance for bribery and corruption, as outlined in our Anti-Bribery/Corruption Policy. ​​Our multilingual SpeakUp channel is open to employees, external stakeholders, and suppliers, allowing anonymous reporting. While we do not publicly disclose grievances, we continuously work to strengthen our whistleblower and anti-corruption processes in line with CSRD and CS3D. ​​In 2024, no anti-corruption incidents led to dismissals.377100014200004059200033206000Statutory report on data ethics policyWolt Danmark ApS is fully owned by Wolt Oy, why Wolt Danmark ApS is covered by Wolt Oy’s data policy. We refer to our group-wide data policy: https://explore.wolt.com/en/dnk/privacy for more information. Wolt Oy is Certified with ISO 27001 70900000283145000Events 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.1159000356000This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class C enterprises (large).The accounting policies applied to these financial statements are consistent with those applied last year.The Financial Statements for 2024 are presented in DKK. 3773700047537000The Financial Statements for 2024 are presented in DKK. 154159000365664000Recognition and measurementIncome is recognised in the income statement concurrently with its realisation, including the recognition of value adjustments of financial assets and liabilities. Likewise, all costs are recognised in the income statement, including depreciations amortisations, writedowns for impairment, provisions, and reversals due to changes in estimated amounts previously recognised in the income statement. Assets are recognised in the statement of financial position when it seems probable that future economic benefits will flow to the company and the value of the asset can be reliably measured. Liabilities are recognised in the statement of financial position when it is seems probable that future economic benefits will flow out of the company and the value of the liability can be reliably measured. Assets and liabilities are measured at cost at the initial recognition. Hereafter, assets and liabilities are measured as described below for each individual accounting item.154159000365664000Translation policiesTransactions 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 recognized in financial income and expenses in the income statement. Where foreign exchange transactions are considered hedging of future cash flows, the value adjustments are recognized 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 recognized in financial income and expenses in the income statement. Fixed assets acquired in foreign currencies are measured at the transaction date rates. 253913000384483000RevenueRevenue is recognized when the risks and rewards 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. Revenue is measured at the consideration received and is recognized exclusive of VAT and net of discounts relating to sales.50000265Own work capitalisedOwn work capitalised comprises staff costs and other costs incurred in the financial year and recognised in ​cost for proprietary intangible assets and property, plant and equipment.187030003618000Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary activities, including profit from the sale of intangible assets and property, plant and equipment, and salary refunds.3686000Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for normal inventory writedowns.50000Other 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.79950000Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc for entity staff as well as payroll expenses.80000000Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses relating to property, plant and equipment and intangible assets comprise depreciation, amortisation and impairment losses for the financial year, and gains and losses from the sale of intangible assets and property, plant and equipment.-1614000Other 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.100000Tax 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).98427000Intagible assetsIntangible assets comprise of capitalized photography and menu creation costs, acquired and measured at cost less accumulated amortisation over expected useful lifetime. Intangible assets are written down to the lower of the recoverable amount and carrying amount. 1 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.Property, plant and equipmentLand and buildings, plant and machinery, and other fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses. Land is not depreciated. Cost comprises the acquisition price, costs directly attributable to the acquisition and preparation costs of the asset until the time when it is ready to be put into operation. For self-constructed assets, cost comprises direct and indirect costs of materials, components, subsuppliers and labour costs. For assets held under finance leases, cost is the lower of the asset’s fair value and present value of future lease payments. Indirect production costs in the form of indirectly attributable staff costs and amortisation of intangible assets and depreciation of property, plant and equipment used in the development process are recognised in cost based on time spent on each asset. Interest expenses on loans for the financing of the manufacture of property, plant and equipment are included in cost if they relate to the manufacturing period. All other finance costs are recognised in the income statement. The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line depreciation is made on the basis of the following estimated useful lives of the assets:Useful life Other fixtures and fittings, tools and equipment3 to 5 yearsLeasehold improvements3 to 5 yearsFor leasehold improvements and assets subject to finance leases, the depreciation period cannot exceed the contract period. Estimated useful lives and residual values are reassessed annually. Items of property, plant and equipment are written down to the lower of recoverable amount and carrying amount.2 Revenue2024 DKK'0002023 DKK'000Denmark368,206310,814Total revenue by geographical market368,206310,814InventoriesInventories are measured at the lower of cost using the weighted average cost (WAC) method and net realisable value.​​The inventory accounting policy description in this respect included in prior year financial statements was not correct as the Weighted Average Cost method was applied by the Company in previous years as well and therefore, the correction of accounting policy description does not impact the figures included in the Financial Statements. 3 Fees to the auditor appointed by the Annual General Meeting2024 DKK'0002023 DKK'000Statutory audit services5505505505504 Staff costs2024​DKK'0002023​DKK'000Wages and salaries138,794110,005Other social security costs8,2197,918147,013117,923Average number of full-time employees325265Remuneration​of Management2024​DKK'000Remuneration​of Management​2023​DKK'000Total amount for management categories4,6723,6184,6723,618The total remuneration for Management and Board of Directors for FY2024 amounts to TDKK 4.672 (2023: TDKK 3.618) and includes restricted stock units (RSUs), which are all vested quarterly over a 4-year period in the Parent Company, DoorDash inc. The only condition for the RSUs to vest is continuous service of the RSU holder for the DoorDash Group. Management and Board of Directors have received 3.850 vested restricted stock units during financial year 2024 corresponding to a market value of TDKK 3.838, compared to 5.582 restricted stock units vested at a market value of TDKK 2.795 in 2023. RSUs vested were valued at the stock market price as of the vesting date.​As a result of a decision by the Danish Tax Authorities in 2023, payments to couriers have been reported to SKAT as salaries since July 2023. The Company’s Management does not agree with the ruling and has therefore appealed the decision. Thus, amounts due to Couriers continue not to be treated by the Company as staff costs but impact the net revenue figures instead.​​Courier Fees, which have been reported as salaries to SKAT for 2024, but recognized as part of net revenue, amount to DKK 402 million. ​​Refer to note #18 for further information about the ongoing case. 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. PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at cost.325CashCash comprises cash in hand and bank deposits.Remuneration of Management2024 DKK'000Remuneration of Management 2023 DKK'000Total amount for management categories4,6723,6184,6723,618Deferred 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. However, no deferred tax is recognised for amortisation of goodwill disallowed for tax purposes and temporary differences arising at the date of acquisition that do not result from a business combination and that do not have any effect on profit or loss or on taxable income. 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. Deferred tax relating to retaxation of previously deducted losses in foreign subsidiaries is recognised on the basis of an actual assessment of the purpose of each subsidiary.4672000Other payablesOther payables are measured at amortised cost, which usually corresponds to nominal value.5 Depreciation, amortisation and impairment losses2024 DKK'0002023 DKK'000Amortisation of intangible assets2,3231,274Depreciation of property, plant and equipment2683512,5911,625Prepayments received from customersPrepayments received from customers comprise amounts received from customers prior to delivery of the goods agreed or completion of the service agreed.6 Other financial income2024 DKK'0002023 DKK'000Financial income from group enterprises89938Exchange rate adjustments10Other financial income641154939Tax 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.7 Other financial expenses2024 DKK'0002023 DKK'000Financial expenses from group enterprises3,8671,204Exchange rate adjustments2166Other financial expenses1671654,0551,435Cash flow statementReferring to section 86(4) of the Danish Financial Statements Act, the Entity has prepared no cash flow statement as such statement is included in the consolidated cash flow statement of DoorDash, Inc., 303 2nd Street, South Tower, Suite 800, San Francisco CA 94107, United States8 Tax on profit/loss for the year2024 DKK'0002023 DKK'000Current tax2861,176Change in deferred tax(223)66Adjustment concerning previous years1,3779951,4402,237true9 Proposed distribution of profit and loss2024​DKK'0002023​DKK'000Retained earnings(1,614)3,686 (1,614)3,686Grundlag for konklusion-1614000KonklusionRegnskabsklasse C, stor virksomhed10 Intangible assetsAcquired intangible assets DKK'000Cost beginning of year14,040Additions2,149Cost end of year16,189Amortisation and impairment losses beginning of year(4,738)Amortisation for the year(2,323)Amortisation and impairment losses end of year(7,061)Carrying amount end of year9,1282023-01-0111 Property, plant and equipmentOther fixtures and fittings, tools and equipment DKK'000Leasehold improvements DKK'000Cost beginning of year1,076157Additions3360Cost end of year1,412157Depreciation and impairment losses beginning of year(772)(80)Depreciation for the year(237)(31)Depreciation and impairment losses end of year(1,009)(111)Carrying amount end of year403462023-12-3112 Financial assetsDeposits DKK'000Cost beginning of year1,999Additions372Cost end of year2,371Carrying amount end of year2,371København13 Receivables from group enterprisesThe Wolt Group has entered a cash pool arrangement with the Group’s bank, where Wolt Danmark ApS is participating with other group entities. The characteristics of the cash pool arrangement give the bank the possibility 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 Danmark ApS' accounts in the cash pool arrangement, which are recognized under receivables from group enterprises amounts to DKK 4.325 thousand as of 31 December 2024København K14 Other receivablesOther receivables include VAT receivable of DKK 191,046 thousand relating to the ongoing appeal of the ruling by the Danish Tax Authorities in 2023. The receivable contains uncertainty, which is dependent on the final decision of the case with the Danish Tax Authorities. Considering the business model, where Wolt Denmark ApS is operating akin to a limited risk distributor towards its Parent Company, the Company would be compensated by the Parent Company in an unlikely situation, where the final decision of the case would be unfavorable for the Company. Refer to note #18 for further information about the ongoing case. Due to the nature of the receivable, the amount is not expected to be received until after 1 year from the balance sheet date. 130015 PrepaymentsPrepayments are comprised of prepaid expenses.Revisionspåtegning16 Deferred tax Changes during the year2024 DKK'0002023 DKK'000Beginning of year660Recognised in the income statement22366Adjustments to prior year9380End of year1,22766Deferred tax relates to intangible assets, property, plant and equipment, inventories and other provisions.2024-12-3117 Payables to group enterprisesThe Wolt Group has entered a cash pool arrangement with the Group’s bank, where Wolt Danmark ApS is participating with other group entities. The characteristics of the cash pool arrangement give the bank the possibility 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 Danmark ApS' accounts in the cash pool arrangement, which are recognized under payables to group enterprises amounts to DKK 915 thousand as of 31 December 2024 compared to DKK 177,098 thousand recognized under payables from group enterprises as of 31 December 2023. 2024-01-0118 Contingent liabilitiesRental and lease obligations: ​​Lease obligations under operating leases. Total future lease payments: ​Within 1 year: TDKK 4,223​​Between 1 and 5 years: TDKK 16,009​Over 5 years: TDKK 7,682​​Total contingent liabilities: TDKK 27,914​Deposits: TDKK 250​ ​​​Other contingent liabilities: ​In 2023, The Company received a ruling from The Danish Tax Authorities’ tax audit of Wolt partner couriers. The liability from the ruling has been fully paid to the Danish Tax Authorities in 2023. Management has appealed against the received Danish Tax Authority’s rulings and awaits a response from the Danish Tax Authorities. ​​In relation to the ruling, the Company is undergoing various other legal processes regarding its business model and other business-related matters. ​​Management of the company considers that the Danish tax Authorities’ rulings are wrong and trusts that the outcome of the case is favorable for the Company, which is supported by the Company’s legal counsel handling the appeal, who consider it “more likely than not” that the Company will win the appeal. Considering the business​model, where Wolt Denmark ApS is operating akin to a limited risk distributor towards its Parent Company, the Company would be compensated by the Parent Company in an unlikely situation, where the final decision of the case would be unfavorable for the Company. Company has not recognized any provisions for the cases to its balance sheet at 31 December 2024. Joint taxation:​The company acts as administration company for the group of companies subject to the Danish scheme of joint taxation and is unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, to pay the total corporation tax. ​​The company is unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, for any obligations to withhold tax on interest, royalties, and dividends. 21019 Assets charged and collateralThe company has no charges or securities.20 Related parties with controlling interestControlling interest Wolt OY, Finland - Majority stakeholder Related Party Transaction DKK '000 2024 2023 Sales of goods and services to related parties 72.971 131.471 Purchases of goods and services to related parties 8.855 7.072 IC interest income 89 938 IC interest expenses 3.867 1.20421 Non-arm’s length related party transactionsNo related party transactions that would be conducted on a non-arm’s length basis have been identified by the Company. Borgergade22 Group relationsName and registered office of the Parent preparing consolidated financial statements for the largest group, in which the Company is included as a subsidiary: DoorDash, Inc., 303 2nd Street, South Tower, Suite 800, San Francisco CA 94107, United StatesName and registered office of the Parent preparing consolidated financial statements for the smallest group, in which the Company is included as a subsidiary: DoorDash, Inc., 303 2nd Street, South Tower, Suite 800, San Francisco CA 94107, United StatesCopies of the consolidated financial statements of DoorDash, Inc. may be ordered at the following address: DoorDash, Inc., 303 2nd Street, South Tower, Suite 800, San Francisco CA 94107, United StatesWolt Danmark ApS37540447339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapport2025-06-30Riikka Tieaho