Gf Money Consumer Finance Denmark Aps

The Company's principal activities The Company's principal activities consist in cash lending and other financial activities, as well as all activities that management considers related. Development in activities and the financial situation The Company's Income Statement of the financial year 1 January 2022 - 31 December 2022 shows a result of DKK 3,004,270 and the Balance Sheet at 31 December 2022 a balance sheet total of DKK 32,378,643 and an equity of DKK -9,768,253. The company's management is aware that the capial has been lost. The management has positive expectations for the future and expect that the capital can be restored within a short number of years through earnings from the operation. The Parent Company has committed to providing financial support to GF Money Consumer Finance Denmark ApS by loans to the extent necessary to finance the operations of the Company and settlement of the Company's financial obligations in the period until adoption of the annual report for 2023. The Parent Company has declared to subordinate their receivables to other creditors. During this period existing and future loans to GF Money Consumer Finance Denmark ApS will only be terminated to the extent that the Company’s financial position enables repayment, and such loans will be subordinated to other creditors in GF Money Consumer Finance Denmark Aps. Post financial year events In June 2023, the company changed its product to one with lower installments and no fees. As a result, the management believes the change result in lower revenue and credit losses in the year's second half.

Development in activities and the financial situation The Company's Income Statement of the financial year 1 January 2022 - 31 December 2022 shows a result of DKK 3,004,270 and the Balance Sheet at 31 December 2022 a balance sheet total of DKK 32,378,643 and an equity of DKK -9,768,253. The company's management is aware that the capial has been lost. The management has positive expectations for the future and expect that the capital can be restored within a short number of years through earnings from the operation. The Parent Company has committed to providing financial support to GF Money Consumer Finance Denmark ApS by loans to the extent necessary to finance the operations of the Company and settlement of the Company's financial obligations in the period until adoption of the annual report for 2023. The Parent Company has declared to subordinate their receivables to other creditors. During this period existing and future loans to GF Money Consumer Finance Denmark ApS will only be terminated to the extent that the Company’s financial position enables repayment, and such loans will be subordinated to other creditors in GF Money Consumer Finance Denmark Aps.