The supervisory board and executive board have today discussed and approved the annual report of Infotrust P/S for the financial year 1 January - 31 December 2021.The annual report is prepared in accordance with the Danish Financial Statements Act.In our opinion, the financial statements give a true and fair view of the company's financial position at 31 December 2021 and of the results of the company's operations for the financial year 1 January - 31 December 2021.In our opinion, management's review includes a fair review of the matters dealt with in the management's review.The financial statements have not been audited. Management considers the criteria for not auditing the financial statements to be met.Management recommends that the annual report should be approved by the company in general meeting.David MeilsøeJohan ColvigchairmanDavid MeilsøeMantas GolcasTo the shareholders of Infotrust P/SWe have compiled the financial statements of Infotrust P/S for the financial year 1 January - 31 December 2021 based on the company's bookkeeping records and other information made available by enterprise. The financial statements comprises a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes. We performed the engagement in accordance with ISRS 4410, Compilation Engagements. We have applied our professional expertise to assist the enterprise in the preparation and presentation of the financial statements in accordance with the Danish Financial Statements Act. We complied with the relevant provisions of the Danish Act on Approved Auditors and with the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants (IESBA Code), including principles relating to integrity, objectivity, professional competence and due care. The financial statements and the accuracy and completeness of the information used to compile the financial statements are the enterprise´s responsibility. As a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information provided by enterprise for our compilation of the financial statements. Accordingly, we do not express an audit or a review conclusion on whether the financial statements have been prepared in accordance with the Danish Financial Statements Act.Roskilde2022-06-16BorecoSimon Daniel Jensenstate authorized public accountantmne45890Business review The Company's principal activities are to conduct business advice and offer software solutions within business intelligence and moreover such activities as limited partnership shareholders and the general partner has agreed to incorporate.Recognition and measurement uncertainties The recognition and measurement of items in the annual report is not associated with any uncertainty.Unusual matters The company's financial position at 31 December 2021 and the results of its operations for the financial year ended 31 December 2021 are not affected by any unusual matters.Financial review The company's income statement for the year ended 31 December 2021 shows a profit of DKK 1.423.324, and the balance sheet at 31 December 2021 shows negative equity of DKK 577.710. Financing The shareholders ensure that Infotrust P/S will be in a position to meet all its present and future liabilities and commitments for 2021.Significant events occurring after the end of the financial year No events have occurred after the balance sheet date which could significantly affect the company's financial position.The annual report of Infotrust P/S for 2021 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to reporting class B entities, as well as provisions applying to reporting class C entities. The accounting policies applied are consistent with those of last year. The annual report for 2021 is presented in DKKIncome is recognised in the income statement as earned, including value adjustments of financial assets and liabilities. All expenses, including amortisation, depreciation and impairment losses, are also recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits will flow to the company and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow from the company and the value of the liability can be measured reliably. On initial recognition, assets and liabilities are measured at cost. On subsequent recognition, assets and liabilities are measured as described below for each individual accounting item. Certain financial assets and liabilities are measured at amortised cost using the effective interest method. Amortised cost is calculated as the historic cost less any installments and plus/less the accumulated amortisation of the difference between the cost and the nominal amount. On recognition and measurement, allowance is made for predictable losses and risks which occur before the annual report is presented and which confirm or invalidate matters existing at the balance sheet date.In pursuance of section 32 of the Danish Financial Statements Act, the company does not disclose its revenue. Gross profit reflects an aggregation of revenue and other operating income less costs of other external expenses.Revenue is measured at the fair value of the agreed consideration, excluding VAT and other indirect taxes. Revenue is net of all types of discounts granted. Income from services, comprising service contracts and extended warranties relating to products and contracts sold is recognised on a straight-line basis as the services are provided.Other external costs include expenses related to distribution, sale, advertising, administration, premises, bad debts, payments under operations, etc.Staff costs include wages and salaries, including compensated absence and pensions, as well as other social security contributions, etc. made to the entity's employees. The item is net of refunds made by public authorities.Financial income and expenses are recognised in the income statement at the amounts that relate to the financial year. Net financials include interest income and expenses, financial expenses relating to finance leases, realised and unrealised capital/exchange gains and losses on securities, liabilities and foreign currency transactions, amortisation of financial assets and liabilities and surcharges and allowances under the Danish Tax Prepayment Scheme, etc.Receivables are measured at amortised cost.Prepayments recognised under 'Current assets' comprises expenses incurred concerning subsequent financial years.Cash and cash equivalents comprise cash and deposits at banks.Dividends Proposed dividends are disclosed as a separate item under equity. Dividends are recognised as a liability when declared by the annual general meeting of shareholders.Current tax liabilities and current tax receivables are recognised in the balance sheet as the estimated tax on the taxable income for the year, adjusted for tax on the taxable income for previous years and tax paid on account.Liabilities, which include trade payables, payables to group entities and other payables, are measured at amortised cost, which is usually equivalent to nominal value.16894161556003260284058087978142332415480254874126574989359128905271231875064039839550187227339550373639611321909636100068219096361000682500000500000457425457425-1535135-2471048-577710-151362316849771813067802369701238248734625143052487346251430519096361000682500000457425-247104700-487412935912487412500000457425-153513502602840260284011Årsrapport36074981BorecoVindingevej 104000 Roskilde2021-01-012021-12-312020-01-012020-12-3135406387Infotrust P/SKarolinevej25500MiddelfartDKDanmark2013-06-18Middelfart2022-06-16 Johan ColvigRegnskabsklasse BtrueAndre erklæringer uden sikkerhedCaseWare-FSR354063872021-01-012021-12-31354063872021-01-012021-12-311354063872020-01-012020-12-31354063872021-01-012021-12-31g:ProposedExtraordinaryDividendRecognisedInEquityMember354063872020-01-012020-12-31g:ProposedExtraordinaryDividendRecognisedInEquityMember354063872021-01-012021-12-31g:RetainedEarningsMember354063872020-01-012020-12-31g:RetainedEarningsMember354063872020-12-31354063872021-12-31354063872021-01-012021-12-311354063872021-01-012021-12-312354063872021-01-012021-12-313354063872021-01-012021-12-311354063872021-01-01g:ContributedCapitalMember354063872021-12-31g:ContributedCapitalMember354063872021-01-01g:SharePremiumMember354063872021-12-31g:SharePremiumMember354063872021-01-01g:RetainedEarningsMember354063872021-01-012021-12-31g:RetainedEarningsMember354063872021-12-31g:RetainedEarningsMember354063872021-01-01g:ProposedExtraordinaryDividendRecognisedInEquityMember354063872021-01-012021-12-31g:ProposedExtraordinaryDividendRecognisedInEquityMember354063872021-12-31g:ProposedExtraordinaryDividendRecognisedInEquityMemberiso4217:DKKxbrli:pure