397898412021-01-012021-12-31397898412021-01-012021-12-311397898412021-01-012021-12-31RevPers2397898412021-01-012021-12-31fsa:RestOfOtherReservesMember397898412021-01-012021-12-31fsa:RetainedEarningsMember397898412021-01-012021-12-31fsa:ContributedCapitalMember397898412021-01-012021-12-31fsa:ReserveForDevelopmentExpenditureMember397898412021-01-012021-12-31fsa:RetainedEarningsMember397898412020-01-012020-12-31397898412020-01-012020-12-31fsa:RestOfOtherReservesMember397898412020-01-012020-12-31fsa:RetainedEarningsMember397898412021-12-31397898412021-01-01fsa:ContributedCapitalMember397898412021-01-01fsa:ReserveForDevelopmentExpenditureMember397898412021-01-01fsa:RetainedEarningsMember397898412020-12-31xbrli:purexbrli:pureiso4217:DKKxbrli:sharesTo the Management of More2Save Technologies ApS We have compiled the accompanying financial statements of More2Save Technologies ApS for the financial year 1 January 2021 - 31 December 2021 based on the information you have provided. These financial statements comprise a summary of significant accounting Policies, income statement, balance sheet, statement of change in equity and notes. , 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 review conclusion on whether the financial statements are prepared in accordance with the Danish Financial Accounts Act. , The Financial Statement and the accuracy and completeness of the information used to compile them are your responsibility. , 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 Statement Act. We have complied with relevant requirements under the Danish Act on Approved auditors and Audit Firms and the International Ethics Standards Board for Accountants' International Code of Ethics for Professional Accountants (IESBA Code) including principles of integrity, objectivity, professional competence and due care. Hørsholm, 6 July 2022 ReviTotal Statsautoriseret Revisionsfirma CVR-no. 19857298 Frantz Slisz Statsautoriseret revisor mne34380 2022-07-06Hørsholm19857298mne34380Frantz SliszEduards ApensReviTotalAndre erklæringer uden sikkerhedtrue2782585230255011152129675Regnskabsklasse B400004000015212967527824332172875 Reporting Class The annual report of More2Save Technologies ApS for 2021 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. The accounting policies applied remain unchanged from last year. Reporting currency The annual report is presented in Danish kroner. Income statement Gross profit/loss The Company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit is a combination of the items of revenue, change in inventories of finished goods, work in progress and goods for resale, other operating income, costs for raw materials and consumables and other external expenses. Revenue Income from delivery of services is recognised on a straight-line basis in net sales, as the service is delivered. Raw materials and consumables used Costs for raw materials and consumables comprise the cost of goods purchased less discounts, costs subcontractors and change in inventories for the year. Other external expenses Other external expenses include expenses for distribution, sales, advertising, administration, premises, bad debts, operating leasing expenses etc. Financial income and expenses Financial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, financial expenses of finance leases, realised and unrealised capital gains and losses regarding securities, accounts payable and transactions in foreign currencies, repayment on mortgage loans, and surcharges and allowances under the advance-payment of tax scheme. Dividends from other investments are recognised as income in the financial year in which the dividends are declared. Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Balance sheet Intangible assets Development projects that are clearly defined and identifiable, and where the degree of technical utilization, sufficient resources and a potential future market or development potential in the Company are provable and where the intention is to manufacture, market or use the product or process are recognised as intangible assets if the value in use can be determined reliably and it is sufficiently certain that future earnings can cover production, sales and administration costs as well as total development costs. Other development costs are recognised as costs in the income statement as they incur. Development costs comprise costs, including wages, salaries and amortization, that are directly or indirectly attributable to the development activities of the enterprise and meet the recognition criteria. Capitalized development costs are measured at cost on initial recognition and subsequently at the lower of cost less accumulated amortization and the recoverable amount. Cash and cash equivalents Cash and cash equivalents comprise cash at bank. Equity Equity comprises the working capital and a number of equity items that may be statutory or stipulated in the articles of association. Development cost reserve Development cost reserve includes recognised development costs. The reserve is not available for the payment of dividend or losses. The reserve is deducted or dissolved by depreciation of the recognized costs or abandonment of the activity. Such reduction or dissolution is made by means of a transfer to distributable reserves. Deferred tax Deferred tax and the associated adjustments for the year are determined according to the liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallize as current tax. Current tax liabilities Current tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account. Other payables Other payables are measured at amortized cost, which usually corresponds to the nominal value. Contingent assets and liabilities Contingent assets and liabilities are not recognised in the Balance Sheet but appear only in the notes. 4. Contingent liabilities No contingent liabilities exist at the balance sheet date. 1. Employee benefits expense During the period, there were no employees who recieved a salary. Average number of employees 1 1 Contributed Development Retained capital expenditure earnings Total Equity 1 January 2021 40.000 1.694.843 -915.837 819.006 Profit (loss) 0 475.455 -320.056 155.399 Equity 31 December 2021 40.000 2.170.298 -1.235.893 974.405 3. Development projects in progress Cost at the beginning of the year 2.172.875 0 Disposal during the year 609.558 2.172.875 Cost at the end of the year 2.782.433 2.172.875 Carrying amount at the end of the year 2.782.433 2.172.875 5. Collaterals and securities No securities or mortgages exist at the balance sheet date. 2. Tax expense Adjustments for deferred tax -7.746 157.024 -7.746 157.024 974405819006-40000-16948439158371510061365774278243321728752782585230255016589021326520278243321728753553236220005080385623591553991694843-320056-4884550-475455-32005612063884754551476531363412151006136577414927815702414927815702421702981694843-1235893-915837false018579165890213265201373501053961013514640186-7746157024Hørsholm, 2970Lyngsø Alle 32022-08-04info@more2save.comwww.more2save.com3978984119857298ÅrsrapportEduards ApensMore2Save Technologies ApSReviTotal, Statsautoriseret Revisionsfirma2020-01-012020-12-312021-12-312021-01-0192457200Development in activities and the financial situation The Company's Income Statement of the financial year 1 January 2021 - 31 December 2021 shows a result of DKK 155.399 and the Balance Sheet at 31 December 2021 a balance sheet total of DKK 2.782.585 and an equity of DKK 974.405. , Development in the activities and the financial situation of the Company Development in activities and the financial situation The Company's Income Statement of the financial year 1 January 2021 - 31 December 2021 shows a result of DKK 155.399 and the Balance Sheet at 31 December 2021 a balance sheet total of DKK 2.782.585 and an equity of DKK 974.405. The Company's principal activities The Company's principal activities consist in finetech and software development. The Company's principal activities The Company's principal activities consist in finetech and software development. Development in the activities and the financial situation of the Company Development in activities and the financial situation The Company's Income Statement of the financial year 1 January 2021 - 31 December 2021 shows a result of DKK 155.399 and the Balance Sheet at 31 December 2021 a balance sheet total of DKK 2.782.585 and an equity of DKK 974.405. Post financial year events After the end of the financial year, no events have occurred which may change the financial position of the entity substantially. 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 assets, liabilities and financial position of the Company at 31 December 2021 and of the results of the Company's operations for the financial year 1 January 2021 - 31 December 2021. The conditions for not conducting an audit of the Financial Statement have been met. 2022-07-06Today, Management has considered and adopted the Annual Report of More2Save Technologies ApS for the financial year 1 January 2021 - 31 December 2021. In our opinion, the Management's Review includes a true and fair account of the matters addressed in the review. HørsholmWe recommend that the Annual Report be adopted at the Annual General Meeting. Today, Management has considered and adopted the Annual Report of More2Save Technologies ApS for the financial year 1 January 2021 - 31 December 2021. 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 assets, liabilities and financial position of the Company at 31 December 2021 and of the results of the Company's operations for the financial year 1 January 2021 - 31 December 2021. In our opinion, the Management's Review includes a true and fair account of the matters addressed in the review. The conditions for not conducting an audit of the Financial Statement have been met. We recommend that the Annual Report be adopted at the Annual General Meeting. Hørsholm, 6 July 2022 Executive Board Eduards Apens