One.com SimpleSite ApS

The core activity of the Group is to develop and sell access to Simplesite.com – a tool to create DIY websites

which is delivered as a global SaaS solution (Software as a Service).

Description of material changes in activities and financesThe Group’s gross profit reached DKK 18.3 million in 2021 against DKK 20.4 million in 2020. The income

statement for 2021 showed a loss after tax of DKK 10.9 million against a profit of DKK 1.6 million in 2020. The year's loss was influenced by a impairment loss on completed projects and a change in the future business strategy.

Management considers the result to be as expected. The result in the income statement for 2022 is expected to DKK 10 – 20 million before tax as a consequence of the changes in the business strategy.

No events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.

The Group participates in a Danish joint taxation arrangement in which M. Elk Holding A/S serves as the

administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the…

18 Assets charged and collateralThe Group has pledged a company charge in the Parent Company of DKK 2.1 million as collateral for debt.

At 31 December 2021, the company charge comprises the following assets with the following carrying amounts:…