iso4217:DKKxbrli:pure426749312023-01-012023-12-31426749312023-01-012023-12-311426749312022-01-012022-12-31426749312023-01-012023-12-311426749312023-01-012023-12-311426749312023-01-012023-12-312426749312023-01-012023-12-31fsa:RetainedEarningsMember426749312022-01-012022-12-31fsa:RetainedEarningsMember426749312023-12-31426749312022-12-31Annual reportAuditor's reports (Other non-assurance reports)truefalseParsePort XBRL Converter2023-01-012023-12-312022-01-012022-12-3132024-05-102024-05-10København K2024-05-10København KMichael Jan WiatrNiklas Tullberg HoffRegistreret revisormne3459721148148BAAGØE SCHOU STATSAUTORISERET REVISIONSAKTIESELSKABFiolstræde44, 3. th.1171København KDanmarkDK21148148BAAGØE SCHOU STATSAUTORISERET REVISIONSAKTIESELSKABFiolstræde 44, 3. th.1171 København KReporting class Bfalsefalse42674931Antler ApSFrederiksholms Kanal301220København KDanmarkDK2021-09-09København52Michael Jan WiatrErik Oscar Sehlberg VestergårdPer Anders HammarbäckThe Executive Board and The Supervisory Board has today discussed and approved the Annual Report of Antler ApS for the financial year January 1 - December 31, 2023. The Annual Report har been prepared in accordance with the Danish Financial Statements Act. We consider the accounting policies used appropriate, and in our opinion the Annual Report gives a true and fair view of the Company's assets and liabilities, financial position and the results of operations. We are of the opinion that the management review includes a fair description of the issues dealt with.The annual accounts have not been audited. Management declares that the conditions for this are met.To Management of Antler ApSWe have compiled the accompanying financial statements of Antler ApS for the financial year ended 31 December 2023 based on information you have provided. These financial statements comprise a summary of significant accounting policies, income statement, balance sheet and notes. We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), Compilation Engagements. We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant requirements under the Danish Act on Approved Auditors and Audit Firms and International Ethics Standards Board for Accountants' Code of Ethics (IESBA Code), including principles of integrity, objectivity, professional competence and due care. These financial statements and the accuracy and completeness of the information used to compile them are your responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with the Danish Financial Statements Act.Antler ApS will run programs for entrepreneurs. Antler brings together experienced operators, technologists, and business builders to develop ideas in sustainable tech, climate tech, and green transformation. The platform supports startups from inception, starting with team formation and business model validation.The result for the period shows a profit of DKK 1.729.336. The Equity shows a balance of DKK 2.096.166. The management considers the year's result to be satisfying.The annual report of Antler ApS for 2023 has been prepared in accordance with the provisions applying to reporting class B under the Danish Financial Statements Act.The accounting policies used are unchanged compared to previous years. The Company's annual report are presented in DKK.Income is recognised in the profit and loss account concurrently with its realisation, including the recognition of value adjustments of financial assets and liabilities. Likewise, all costs, these including depreciation, amortisation, writedown, provisions, and reversals which are due to changes in estimated amounts previously recognised in the profit and loss account are recognised in the profit and loss account. Assets are recognised in the balance sheet when the company is liable to achieve future, financial benefits and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when the company is liable to loose future, financial benefits and the value of the liability can be measured reliably. At the first recognition, assets and liabilities are measured at cost. Later, assets and liabilities are measured as described below for each individual accounting item. Certain fixed asset investments and liabilities are measured at amortised cost, by which method a fixed, effective interest is recognised during the useful life of the asset or the liability. Amortised cost is recognised as the original cost with deduction of any payments and additions/deductions of the accrued amortisation of the difference between cost and nominal amount. In this way capital losses and capital profits are spread over the useful life. At recognition and measurement, such predictable losses and risks are taken into consideration, which may appear before the annual report is presented, and which concerns matters existing on the balance sheet date. The carrying value of tangible fixed assets are reviewed annually to determine whether there is any indication of impairment other than that expressed by normal depreciation. If this is the case, it is written down to its recoverable amount.Gross profit includes net sales and other operating revenues less direct operating costs and other external costs. Turnover The net turnover is recognised in the profit and loss account if delivery and risk transfer to the buyer have taken place before the end of the year, and if the income can be determined reliably and is expected to be received. The net turnover is recognised exclusive of VAT and taxes and with the deduction of any discounts granted in connection with the sale.These include direct costs incurred to generate revenue for the year.Other external costs comprise costs for sales, advertisement, administration, premises, loss on debtors, and operational leasing costs.Staff costs include wages and salaries, including holiday pay and pensions, and other costs for socal security etc. To the company's employees. Financial income and expenses are recognised in the profit/loss account with the amounts that concern the financial year. Financial income and expenses comprise interest and realised and unrealised exchange adjustments.The tax for the year comprises the current tax for the year and the changes in deferred tax, and it is recognised in the profit and loss account with the share referring to the results for the year and directly in the equity with the share referring to entries directly on the equity.Receivables are measured at amortised cost which usually corresponds to face value. In order to meet expected losses, writedown takes place at the net realisable value.Deferred income assets comprise costs incurred in relation to subsequent financial years.Current tax liabilities and current tax receivables are recognized in the balance sheet as calculated tax on the taxable income, adjusted for tax on prior years' taxable income and tax paid on account. Deferred tax is measured using the balance sheet liability method on temporary differences between accounting and tax values of assets and liabilities based on the planned use of the asset or liability. Deferred tax assets including the tax value of tax loss carryforwards, are measured at the value at which the asset is expected to be realized, either by elimination in tax on future earnings or against deferred tax liabilities within the same legal tax entity. Any deferred net tax assets are measured at net realizable value. Deferred tax is measured based on the tax rates and at the balance sheet date will be applicable when the deferred tax is expected to result in current tax.Liabilities, which comprises debt to suppliers, debt to group companies and other debts, are measured at amortised cost which usually corresponds to the nominal value.Transactions in foreign currencies are translated at the exchange rates at the dates of transaction. Gains and losses arising due to differences between the transaction date rates and the rates at the dates of payment are recognised in financial income and expenses in the income statement. If the currency posistion is seen as a safeguarding of the future cash flow, then it's regulation of value happens directly through the 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 transaction date rates are recognised in financial income and expenses in the income statement.<table class="richtext-table"><thead><tr><th style="width:3.125px"></th><th style="width:25.125px"></th><th style="width:10.625px"></th><th style="width:1.625px"></th><th style="width:10.625px"></th><th style="width:1.625px"></th><th style="width:5.625px"></th><th style="width:5.625px"></th><th style="width:1.625px"></th><th style="width:10.625px"></th><th style="width:1.625px"></th><th style="width:10.625px"></th></tr></thead><tbody><tr><td>1</td><td>Staff Costs </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>2023</td><td></td><td>2022</td></tr></tbody></table><table class="richtext-table"><thead><tr><th style="width:3.125px"></th><th style="width:25.125px"></th><th style="width:10.625px"></th><th style="width:1.625px"></th><th style="width:10.625px"></th><th style="width:1.625px"></th><th style="width:5.625px"></th><th style="width:5.625px"></th><th style="width:1.625px"></th><th style="width:10.625px"></th><th style="width:1.625px"></th><th style="width:10.625px"></th></tr></thead><tbody><tr><td>Wages and salaries </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>3.057.024</td><td></td><td>1.270.002</td></tr><tr><td>Pensions </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>130.512</td><td></td><td>0</td></tr><tr><td>Other social security expenses </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>18.177</td><td></td><td>5.775</td></tr><tr><td>Adjustment accrued vacation </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>165.444</td><td></td><td>22.558</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Total staff costs </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>3.371.157</td><td></td><td>1.298.335</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Average number of employees </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td>5</td><td></td><td>2</td></tr></tbody></table><table class="richtext-table"><thead><tr><th style="width:3.125px"></th><th style="width:25.125px"></th></tr></thead><tbody><tr><td>2</td><td>Financial expenses </td></tr></tbody></table>Of the financial expenses, DKK 13.717 is interest to affiliated companies.5530526178761333711571298335215936948927812113615746424194486422380864601605087501061281729336354032172933635403218810018000026436162731977216940298987317777809329035523508408637573733581452845245442231404189756303314221897400004000020561663268300020961663668303367427901918267373421199508750106128861936248721353416538550673534165385506756303314221897