ENCODIFY A/S - CVR: 26317797

2022, DKK

27.06.2023

Bruttoresultat

26.130'

Primær drift

-17.412'

Årets resultat

-16.692'

Aktiver

22.659'

Kortfristede aktiver

Na.

Egenkapital

7.986'

Afkastningsgrad

-77 %

Soliditetsgrad

35 %

Likviditetsgrad

0 %

Resultat

27.06.2023

Årsrapport	2022 27.06.2023	2021 29.06.2022	2020 01.07.2021	2019 28.08.2020	2018 29.04.2019	2017 08.05.2018
Nettoomsætning
Bruttoresultat	26.130.318	38.261.145	36.260.615	32.280.053	21.367.603	16.857.365
Resultat af primær drift	-17.412.175	1.896.777	4.878.626	2.057.458	2.119.669	1.211.070
Indtægter af kapitalandele (tilknyttede og associerede)	-49.736	0	0	0	0	0
Finansielle indtægter	130.877	138.216	0	35.619	0	0
Finansieringsomkostninger	-198.277	-138.168	-308.514	-290.203	-305.399	-463.408
Andre finansielle omkostninger	0	0	0	0	0	0
Resultat før skat	-17.529.311	2.498.115	4.402.557	2.016.521	1.983.751	803.829
Resultat	-16.691.762	2.406.811	3.331.937	1.623.188	1.581.114	620.829
Forslag til udbytte	0	0	0	0	0	0

Aktiver

27.06.2023

Årsrapport	2022 27.06.2023	2021 29.06.2022	2020 01.07.2021	2019 28.08.2020	2018 29.04.2019	2017 08.05.2018
Kortfristede varebeholdninger	0	0	0	0	0	0
Kortfristede tilgodehavender fra salg og tjenesteydelser	6.533.357	15.765.889	11.325.514	9.720.340	5.527.896	4.120.266
Likvider	5.175.792	11.489.693	18.643.827	1.096.215	1.549.673	1.849.807
Kortfristede aktiver	0	27.255.582	29.969.341	10.816.555	7.077.569	5.970.073
Immaterielle aktiver og goodwill	9.474.191	7.679.342	6.783.276	4.726.313	2.942.733	2.927.062
Finansielle anlægsaktiver	1.415.919	1.063.736	444.481	546.561	332.914	141.083
Materielle aktiver	59.479	448.640	497.997	550.452	158.739	67.824
Langfristede aktiver	10.949.589	9.191.718	7.725.754	5.823.326	3.434.386	3.135.969
Aktiver	22.658.738	36.447.300	37.695.095	16.639.881	10.511.955	9.106.042

Aktiver

27.06.2023

Passiver

27.06.2023

Årsrapport	2022 27.06.2023	2021 29.06.2022	2020 01.07.2021	2019 28.08.2020	2018 29.04.2019	2017 08.05.2018
Forslag til udbytte	0	0	0	0	0	0
Egenkapital	7.985.656	27.076.369	23.566.710	2.583.721	2.578.426	997.312
Hensatte forpligtelser	0	1.508.248	1.416.944	673.970	280.637	0
Langfristet gæld til banker	0	0	0	0	0	0
Anden langfristet gæld		0	1.556.204	644.934	0	0
Leverandører af varer og tjenesteydelser	1.687.617	1.939.794	2.013.888	1.624.557	1.679.855	968.506
Kortfristede forpligtelser	14.673.082	7.862.683	11.155.237	12.737.256	7.652.892	7.821.872
Gældsforpligtelser	14.673.082	7.862.683	12.711.441	13.382.190	7.652.892	8.108.730
Forpligtelser	14.673.082	7.862.683	12.711.441	13.382.190	7.652.892	8.108.730
Passiver	22.658.738	36.447.300	37.695.095	16.639.881	10.511.955	9.106.042

Passiver

27.06.2023

Nøgletal

27.06.2023

Årsrapport	2022 27.06.2023	2021 29.06.2022	2020 01.07.2021	2019 28.08.2020	2018 29.04.2019	2017 08.05.2018
Afkastningsgrad	-76,8 %	5,2 %	12,9 %	12,4 %	20,2 %	13,3 %
Dækningsgrad	Na.	Na.	Na.	Na.	Na.	Na.
Resultatgrad	Na.	Na.	Na.	Na.	Na.	Na.
Varelagerets omsætningshastighed	Na.	Na.	Na.	Na.	Na.	Na.
Egenkapitals-forretning	-209,0 %	8,9 %	14,1 %	62,8 %	61,3 %	62,3 %
Payout-ratio	Na.	Na.	Na.	Na.	Na.	Na.
Gældsdæknings-nøgletal	-8.781,7 %	1.372,8 %	1.581,3 %	709,0 %	694,1 %	261,3 %
Soliditestgrad	35,2 %	74,3 %	62,5 %	15,5 %	24,5 %	11,0 %
Likviditetsgrad	Na.	346,6 %	268,7 %	84,9 %	92,5 %	76,3 %

Resultat

27.06.2023

Gæld

27.06.2023

Årsrapport

27.06.2023

Nyeste:01.01.2022- 31.12.2022(offentliggjort: 27.06.2023)

Information om virksomhedens regnskabsklasse:The Annual Report of ENCODIFY A/S for 2022 has been presented in accordance with the provisions of the Danish Financial Statements Act for enterprises in reporting class B and certain provisions applying to reporting class C. Regnskabsklasse B1 true true The Annual Report is prepared consistently with the accounting principles applied last year. Change resulting from material misstatement In the annual report for 2021 there was a material misstatement as a result of incorrect recognition of the company's revenue, work in progress and accruals. See the corrections below. 1) Correction for incorrect recognized revenue in 2021 The error has caused that in the annual report 2021 there have been recognized too much revenue from licenses in the income statement. The error relates to missing and incorrect accrued revenue in 2021. The error has been corrected in the annual report and causes the accounting items "Net revenue"/"Gross profit" in the income statement and thus the profit for the year 2021 to be reduced by DKK 665,920 before tax. The error also causes the accounting item "Accruals and deferred income" under current liabilities to increase by DKK 665,920, relating to revenue from licenses to be accrued and recognized as revenue in 2022 DKK 497,620, 2023 DKK 112,200 and 2024 DKK 56,100. 2) Correction for incorrect booked revenue from vouchers in 2021 The error has caused that in the annual report 2021 there have not been recognized enough revenue from development vouchers in the income statement. The error relates to incorrect measurement of revenue in 2021. The error has been corrected in the annual report and causes the accounting items "Net revenue"/"Gross profit" in the income statement and thus the profit for the year 2021 to be increased by DKK 386,213 before tax. The error also causes the accounting item "Accruals and deferred income" under current liabilities to reduce by DKK 386,213. 3) Work in progress correction and write off in 2021 The error has caused that in the annual report 2021 there have been recognized too much revenue relating to work in progress in the income statement. The error relates to incorrect measurement and missing write off of work in progress in 2021. The error has been corrected in the annual report and causes the accounting items "Net revenue"/"Gross profit" in the income statement and thus the profit for the year 2021 to be reduced by DKK 2,989,880 before tax. The error also causes the accounting item "Contract work in progress" under current assets to reduced by DKK 2,989,880. 4) Incorrect accruals and non-reversed provisions The error has caused that in the annual report 2021 there have been recognized too much revenue relating licenses and support agreements in the income statement. The error relates to incorrect accruals and non-reversed provisions in 2021. The error has been corrected in the annual report and causes the accounting items "Net revenue"/"Gross profit" in the income statement and thus the profit for the year 2021 to be increased by DKK 45,900 before tax. The error also causes the accounting item "Contract work in progress" under current assets to reduced by DKK 125,250 and "Accruals and deferred income" under current liabilities to be reduced by DKK 171,150. 5) Other minor corrections Due to the correction descriped above, management has decided to also correct some minor immaterial misstatements in the annual report which causes the accounting item "Tax on profit/loss for the year" to be increased by DKK 175,054. The total correction amounting to 175,054 consists of 11 minor correction, which individually is assesed as immaterial. The corrections are made due to the accumulation of all the total misstatements.

Oplysning om eventualaktiver:Contingent assets The company has tax losses amounting to DKK'000 24,922 with a tax-value of DKK'000 5,483 which is not recognized as tax asset due to a conservative assessment by management. When the company is profitable tax losses will be recognized as a tax asset.

Beretning

27.06.2023

Dato for ledelsens godkendelse af årsrapporten:2023-05-11

Beskrivelse af usædvanlige forhold, der kan have påvirket indregningen eller målingen:Unusual matters The company's management has found that due to an accounting error in the annual report for 2021 regarding recognition of the company's revenue, work in progress and accruals, a material correction to comparison figures and change of equity has been recognized. Reference is made to the description under accounting policies, including a description of the impact on the annual report of the change resulting from material misstatement.

Statement by Management on the annual report

Identifikation af den godkendte årsrapport:Today the Board of Directors and Executive Board have discussed and approved the Annual Report of ENCODIFY A/S for the financial year 1 January - 31 December 2022.

Management's review

Beskrivelse af virksomhedens væsentligste aktiviteter:Principal activities The company's main business area is development and sales of the company’s Marketing Workflow Management software platform. In addition hereto, the company delivers support and consulting services to existing and potential future clients. Encodify’s customer target groups are: 1) Content creating agencies 2) National and international retailers The Encodify product is developed by Encodify A/S, and is implemented and delivered to the client as a hosted cloud solution. The company has offices in Odense (HQ), Copenhagen, London and Madrid, and delivers the software platform and services to customers in all countries.