Repay Finance ApS - CVR: 36983108

2019, DKK

10.02.2020

Bruttoresultat

13.609'

Primær drift

6.378'

Årets resultat

-19.345'

Aktiver

211''

Kortfristede aktiver

211''

Egenkapital

-16.276'

Afkastningsgrad

3 %

Soliditetsgrad

-8 %

Likviditetsgrad

+500%

Resultat

10.02.2020

Årsrapport	2019 10.02.2020	2018 19.02.2019	2017 21.03.2018	2015 16.06.2017
Nettoomsætning
Bruttoresultat	13.609.457	23.557.874	10.833.713	2.049.761
Resultat af primær drift	6.378.044	16.607.347	8.116.861	1.834.582
Indtægter af kapitalandele (tilknyttede og associerede)	0	0	0	0
Finansielle indtægter	0	5.083.251	188.273	425
Finansieringsomkostninger	-39.451.869	-21.516.152	-3.002.156	-393.773
Andre finansielle omkostninger	0	0	0	0
Resultat før skat	-19.344.878	174.446	5.302.978	1.441.234
Resultat	-19.344.878	133.825	4.134.869	1.124.163
Forslag til udbytte	0	0	0	0

Aktiver

10.02.2020

Årsrapport	2019 10.02.2020	2018 19.02.2019	2017 21.03.2018	2015 16.06.2017
Kortfristede varebeholdninger	0	0	0	0
Kortfristede tilgodehavender fra salg og tjenesteydelser	210.274.724	164.554.866	36.803.939	9.171.646
Likvider	766.482	2.173.443	19.401.129	1.436.196
Kortfristede aktiver	211.041.206	166.728.309	56.205.068	10.607.842
Immaterielle aktiver og goodwill	0	0	185.400	247.200
Finansielle anlægsaktiver	0	1	20.000.001	0
Materielle aktiver	0	0	0	0
Langfristede aktiver	0	1	20.185.401	247.200
Aktiver	211.041.206	166.728.310	76.390.469	10.855.042

Aktiver

10.02.2020

Passiver

10.02.2020

Årsrapport	2019 10.02.2020	2018 19.02.2019	2017 21.03.2018	2015 16.06.2017
Forslag til udbytte	0	0	0	0
Egenkapital	-16.275.900	3.068.977	6.495.140	1.624.163
Hensatte forpligtelser	0	0	40.788	54.384
Langfristet gæld til banker	70.000.000	50.000.000	0	0
Anden langfristet gæld	0	0	35.000.000	0
Leverandører af varer og tjenesteydelser	1.237.315	7.325	583.475	0
Kortfristede forpligtelser	9.169.106	5.511.333	2.313.103	909.828
Gældsforpligtelser	227.317.106	163.659.333	69.854.541	9.176.495
Forpligtelser	227.317.106	163.659.333	69.854.541	9.176.495
Passiver	211.041.206	166.728.310	76.390.469	10.855.042

Passiver

10.02.2020

Nøgletal

10.02.2020

Årsrapport	2019 10.02.2020	2018 19.02.2019	2017 21.03.2018	2015 16.06.2017
Afkastningsgrad	3,0 %	10,0 %	10,6 %	16,9 %
Dækningsgrad	Na.	Na.	Na.	Na.
Resultatgrad	Na.	Na.	Na.	Na.
Varelagerets omsætningshastighed	Na.	Na.	Na.	Na.
Egenkapitals-forretning	118,9 %	4,4 %	63,7 %	69,2 %
Payout-ratio	Na.	Na.	Na.	Na.
Gældsdæknings-nøgletal	16,2 %	77,2 %	270,4 %	465,9 %
Soliditestgrad	-7,7 %	1,8 %	8,5 %	15,0 %
Likviditetsgrad	2.301,7 %	3.025,2 %	2.429,9 %	1.165,9 %

Resultat

10.02.2020

Gæld

10.02.2020

Årsrapport

10.02.2020

Nyeste:01.01.2019- 31.12.2019(offentliggjort: 10.02.2020)

Information om virksomhedens regnskabsklasse:The annual report for Repay Finance A/S is presented in accordance with those regulations of the Danish Financial Statements Act concerning companies identified as class B enterprises. Furthermore, the company has chosen to comply with some of the rules applying for class C enterprises. The annual accounts are presented in Danish kroner (DKK).

Beretning

10.02.2020

Dato for ledelsens godkendelse af årsrapporten:2020-02-07

Statement by Management on the annual report

Identifikation af den godkendte årsrapport:The board of directors and the managing director have today presented the annual report of Repay Finance A/S for the financial year 1 January to 31 December 2019.

Management's review

Beskrivelse af virksomhedens væsentligste aktiviteter:The principal activities of the company The main activities of the Company include providing credit facilities to private individuals and other debtors. As a consequence of a political intervention on the business model activity has decreased in the end of 2019 and the business model in Denmark is under reconsideration. Uncertainty regarding valuation of loans The company’s two most significant assets are receivables from group enterprises and credit facilities to private individuals. Receivables from group entities at the end of the accounting period are valued according to the ability for the lenders to pay back the amounts. As the group entities are without cash as of 31 December 2019, the cash flow estimates are significantly based on the future sale of a newly founded travel refund business and an associated company within artificial intelligence business. Although management has positive expectations to the future cash flow there is inherent and significant risks related to the cash flow estimates which could cause a fully or partly write down of the receivables to group enterprises with a booked value of DKK 121m if assumptions are not fulfilled as expected. Write-downs on credit facilities to private individuals are estimated based on limited historic data and therefore management assumptions complements the estimates. A majority, 91%, of the credit provided are in default as of 31 December 2019 and the valuation is based on the estimated ability to collect payment trough the courts or, preferred, repayment agreements. The main reason for the default amount of 91 % is that management in August 2019 decided to scale down the new lending in the loan business because of an expectation of changing in regulation and a desire for better credit management. Due to already entered marketing agreements, the company in 2019 couldn’t have the full effect of the savings on marketing in the Result. Management has made a 45% value reservation but there is an inherent uncertainty in this estimate that could affect the valuation of the credit facilities with a booked value of DKK 88m if assumptions are not met.