5th Planet Games A/S - Gothersgade 11, 1123 Copenhagen, Denmark - CVR No.: 3359 7142
5th Planet Games A/S
INTERIM REPORT
1st Half Year 2024
Six months ended 30 June 2024
2
INTERIM REPORT H1 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
Index
3
4
5
6
7
9-12
9
10
11
12
13
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditors’ Review Report
Financial Statements
• Consolidated income statement and statement of other comprehensive income
• Consolidated Balance Sheet
• Statement of changes in equity
• Consolidated cash flow statement
Notes to the Financial Statements
3
INTERIM REPORT H1 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
5th Planet Games At-A-Glance
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
5th Planet Games is an international, publicly traded company founded in 2011 and focused originally on financing and
publishing video games entertainment. In more recent years, our business has grown to incorporate other forms of
entertainment e.g. TV and Film.
We are a small, lean company that is backed by a highly driven executive team from Europe and the USA, each of
whom have decades of experience in video games and entertainment creation, publishing, and distribution.
5th Planet Games enters into strategic partnerships with global IP holders to create unique opportunities for game
content creation by our outstanding development partners worldwide and secures co-publishing rights in games
across all platforms, mobile, console and PC.
With a strong and growing portfolio of titles and, since 2021, a partnership with Skybound Entertainment, 5th Planet
Games now has access to compelling, proven, world-famous IP including The Walking Dead and Invincible.
Our association with Skybound has also given up the opportunity to broaden our interests beyond video games
content, as demonstrated by our investment in 2023 in the Icelandic TV and Film Production company Sagafilm. Due
to a high-quality back catalogue of games and an exciting release schedule ahead, 5th Planet Games has seen a
significant improvement in financial results over the last couple of years with many more exciting opportunities ahead.
4
INTERIM REPORT H1 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
CEO Letter
Mark Stanger - CEO
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
As I wrote in my letter accompanying the Q1 results in May of this year, the global video games
market continues to be challenging for publishers and developers of all sizes; with this in mind
our financial results for H1 2024 look extremely positive, in summary,
Revenue - for H1 2024 amounted to DKK 5.8M, a 31% increase from 4.4M DKK in H1 2023
EBITDA - was a profit of 2.5M in H1 2024 against a profit of DKK 17k in H1 2023
Cash reserves - as of 30 June 2024 amounted to DKK 43.5M against DKK 32.2M
as of 30 June 2023.
Aside from the positive financial results, we made several important announcements in the
Spring of this year, these included
Co-Financing Closer The Distance – from our initial announcement in June, the ‘slice of
life simulator’ from the award-winning Indie developer Osmotic Studios was launched in
early August to overwhelmingly positive player reviews and media reaction.
Founding member of Games Denmark – in the late Spring we joined the ranks of studios
such as Tactile Games and IO Interactive in becoming founding members of Games
Denmark. It was a proud moment for 5th Planet Games, and we look forward to being full
and active members of the new association as they support the growth of the video
games industry here in Denmark.
Distribution of Funko Fusion in partnership with Nordisk Interactive – as part of our
ongoing efforts to diversify our business and find new revenue streams, we announced in
late June that we would be working with Nordisk Interactive to distribute all of the physical
editions of Funko Fusion across the Nordic region; the game is coming to PC, PlayStation 4
and 5, Xbox Series X|S, and Nintendo Switch later this year, and is set to be one of
the biggest game releases of the year.
When reflecting on the headwinds being experienced by the global video games industry,
which are being felt most acutely in the new, original, ‘Indie games’ category, the Board of
5th Planet Games and I took the decision to drop one title from our release schedule this year
and adjust projections on several others, this resulted in new guidance for the year and a
more conservative short-term outlook, our longer term outlook is undiminished and remains
overwhelmingly positive.
Despite the challenges, we have delivered another profitable period, we continue to show
growth both in terms of our financial performance and the diversity of our business, and we
have some truly amazing new opportunities ahead of us.
Thanks for your support
Mark Stanger, CEO
August 28
th
, 2024
5
INTERIM REPORT H1 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
Outlook for 2024, Key Figures and Financial Performance
DKK ‘000
Q2 2024 Q2 2023 H1 2024 H1 2023 FY 2023
Revenue and other income 3 002 1 949 5 787 4 423 16 586
Gross profit and other income 2 990 1 890 5 735 4 306 16 324
Profit / Loss before special items (EBITDA) 1 265 9 2 537 17 7 499
Operating profit/loss (EBIT) -727 -1 300 -1 446 -2 091 -136
Net Financials exclusive change in derivative instruments 399 52 1 443 -629 -332
Change in derivative financials instruments, fair value 0 -308 0 -2 114 25 065
Net Financials 399 -256 1 443 -2 743 24 733
Net profit/loss for the year -328 -1 556 -3 -4 834 24 543
Net profit/loss for the year exclusive fair value of derivative financials instruments -328 -1 248 -3 -2 720 -522
Total assets 86 910 54 055 86 910 54 055 91 304
Capitalized and expenses costs development 0 973 0 973 3 279
Equity 85 644 24 691 85 644 24 691 85 421
Cash 43 554 32 247 43 554 32 247 49 305
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
Revenue for H1 2024 amounted to DKK 5.8M, a 31% increase from 4.4M DKK in H1 2023
Gross profit for H1 2024 amounted to DKK 5.7M, a 33% increase from DKK 4.3M in H1 2023
Costs for H1 2024 decreased by DKK 1.1M compared to H1 2024.
EBITDA was a gain DKK 2.5M in H1 2024 against a profit of DKK 17k in H1 2023. The increase in
EBITDA is driven by an increase in revenue and decrease in cost.
Financial income is a gain of DKK1.5m. Financial expenses are 93k, in H1 2023 they were 2.7m,
mostly caused by the negative effect of the adjustment of the derivate.
Profit before tax amounted to DKK 3k in H1 2024 compared to a loss of DKK 4.8M in H1 2023.
Cash flows from operating activities is negative with DKK 7.3M in H1 2024 against a positive
DKK 1.1M cashflow in H1 2024.
Cash position as of 30 June 2024 amounted to DKK 43.5M against DKK 32.2M as of
30 June 2023.
The Group’s equity as of 30 June 2024 amounted DKK 85.6M
Outlook for 2024
Based on the result in H1 2024 and the latest projections, the financial guidance for 2024
was updated on August 19th. The updated guidance is summarized as follows (DKKm)
Total net revenue 14.23m
EBITDA 2.95m
Key figures and financial performance
6
INTERIM REPORT H1 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
The Board of Directors and the Executive Board have discussed and approved the interim
report for the period of 1 January 2024 - 30 June 2024, of 5th Planet Games Group. The
interim report has been prepared in accordance with IAS 34 Interim Financial Reporting,
as adopted by the EU, and additional Danish interim reporting requirements for listed
companies. The interim report has been subject to review. In our opinion, the interim report
gives a true and fair view of the 5th Planet Games Group’s assets, liabilities and financial
position on 30 June, 2024, and of the results of the 5th Planet Games Group’s operations
and cash flows for the period of 1 January 2024 – 30 June 2024. We also find that the
management’s review provides a fair statement of developments in the activities and
financial situation of the Group, financial results for the period and the financial position
of the Group and describes the significant risks and uncertainties pertaining to the Group.
Copenhagen, 28 August 2024
Executive Management
Mark Stanger Henrik Nielsen
Søren Kokbøl Jensen
Board of Directors:
Jon Goldman
Chairman
David Alpert
Statement by the Board of Directors
and the Executive Board
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
7
INTERIM REPORT H1 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
To the shareholders of 5th Planet Games A/S
We have reviewed the interim consolidated financial statements of 5th Planet Games A/S
for the period of 1 January - 30 Juni, 2024, comprising income statement, statement of
comprehensive income, balance sheet, cash flow statement and statement of changes in
equity as well as selected explanatory notes, including summary of significant accounting
policies (page 9-14).
The Board of Directors’ and the Management’s responsibility for the interim consolidated
financial statements
The Board of Directors and the Management are responsible for the preparation of interim
consolidated financial statements in accordance with IAS 34, Interim Financial Reporting,
as adopted by the EU and Danish disclosure requirements for interim financial reporting of
listed companies, and for such internal control as management determines is necessary
to enable the preparation of interim financial statements that are free from material
misstatement, whether due to fraud or error.
Auditors’ responsibility
Our responsibility is to express a conclusion on the interim consolidated financial statements
based on our review. We conducted our review in accordance with the International
Standard on Review of Interim Financial Information Performed by the Independent Auditor
of the Entity and additional requirements under Danish Auditor regulation. This requires us
to conclude whether anything has come to our attention that causes us to believe that
the interim consolidated financial statements, taken as a whole, are not prepared in all
material respects in accordance with the applicable financial reporting framework. This
also requires us to comply with ethical requirements. A review of interim consolidated
financial statements in accordance with the International Standard on Review of Interim
Financial Information Performed by the Independent Auditor of the Entity is a limited
assurance engagement. The auditor performs procedures, primarily consisting of making
inquiries of management and others within the entity, as appropriate, and applying
analytical procedures, and evaluates the evidence obtained.
The procedures performed in a review are substantially less than those performed in an
audit conducted in accordance with International Standards on Auditing. Accordingly, we
do not express an audit opinion on the interim consolidated financial statements.
Independent Auditors’ Review Report
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
8
INTERIM REPORT H1 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the
interim consolidated financial statements for the period of 1 January - 30 Juni, 2024, are
not prepared in all material respects in accordance with IAS 34, Interim Financial Reporting,
as a
dopted by the EU and Danish disclosure requirements for interim financial reporting of
listed companies.
Copenhagen, 28 August 2024
Grant Thornton
Godkendt Revisionspartnerselskab
CVR-nr. 34 20 99 36
Michael Winther Rasmussen
State Authorised Public Accountant
mne28708
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
9
INTERIM REPORT H1 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
DKK´000 Note Q2 2024 Q2 2023 H1 2024 H1 2023 FY 2023
Revenue 2 3 002 1 949 5 787 4 423 9 764
Costs of sales 12 59 52 117 262
Gross Profit 2 990 1 890 5 735 4 306 9 502
Other income 0 0 0 0 6 822
Research and development costs 127 72 246 156 183
Other expenses 1 598 1 809 2 952 4 133 8 642
Profit/Loss before special items, deprecation and amortisation (EBITDA) 1 265 9 2 537 17 7 499
Depreciation and amortisation 1 992 1 309 3 983 2 108 7 635
Operating profit/loss (EBIT) -727 -1 300 -1 446 -2 091 -136
Financial income 408 0 1 536 1 26 181
Financial expenses 9 256 93 2 744 1 448
Profit/Loss before tax -328 -1 556 -3 -4 834 24 597
Tax on profit/loss for the year 0 0 0 0 54
Profit/Loss for the year from continuing operations -328 -1 556 -3 -4 834 24 543
Other comprehensive income 0 0 0 0 0
Comprehensive income -328 -1 556 -3 -4 834 24 543
Distribution of comprehensive income:
Parent company´s shareholders -328 -1 556 -3 -4 834 24 543
Non-controlling interests 0 0 0 0 0
Total -328 -1 556 -3 -4 834 24 543
Basic earnings per share:
From operations (DKK) 3 -0,001 -0,007
0,000
-0,023 0,108
Total DKK) -0,001 -0,007
0,000
-0,023 0,108
Diluted earnings per share:
From operations (DKK) 3 -0,001 -0,007
0,000
-0,023 0,078
Total DKK) -0,001 -0,007
0,000
-0,023 0,078
Consolidated income statement and statement of other comprehensive income
Financial Statements
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
10
INTERIM REPORT H1 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
DKK´000 Note 30.06.2024 30.06.2023 31.12.2023
Non-current assets
Acquired rights 0 204 0
Completed development projects 5 414 2 386 9 396
Development projects in progress 0 12 953 0
Other investments 21 379 3 500 21 329
Other receivables 4 084 0 4 084
Total non-current assets 30 877 19 043 34 809
Current Assets:
Prepayment 226 270 25
Trade receivables 7 637 2 118 2 747
Income tax receivable 0 107 0
Other receivables 4 616 5 4 418
Accrual expenses 0 265 0
Cash 43 554 32 247 49 305
Total current assets 56 033 35 012 56 495
Total assets 86 910 54 055 91 304
EQUITY AND LIABILITIES
DKK´000 Note 30.06.2024 30.06.2023 31.12.2023
Equity:
Share capital 13 419 10 398 13 404
Reserves 0 0 0
Retained earnings 72 225 14 293 72 017
Total Equity 85 644 24 691 85 421
Non-current liabilities
Other payables 0 372 0
Total non-current liabilities 0 372 0
Current liabilities
Received prepayments 0 149 0
Derivative financials instruments 0 27 179 0
Trade payables 4 678 483 5 055
Other payables 588 1 181 828
Total current liabilities 1 266 28 992 5 883
Total Liabilities 1 266 29 364 5 883
Total equity and liabilities 86 910 54 055 91 304
Consolidated Balance Sheet
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
11
INTERIM REPORT H1 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
Reserves
DKK´000 Share capital Share premium Retained earnings Total equity
Equity as at 01.01.2024 13 404 0 72 017 85 421
Net Loss 0 0 -3 -3
Other comprehensive income 0 0 0 0
Comprehensive income 0 0 -3 -3
Capital increase 15 97 0 112
Share-based payments 0 0 114 114
Transfer of reserves 0 -97 97 0
Transactions with owners 15 0 211 226
Equity as at 30.06.2023 13 419 0 72 225 85 644
Equity as at 01.01.2023 10 398 0 18 488 28 886
Net Loss 0 0 -4 834 -4 834
Other comprehensive income 0 0 0 0
Comprehensive income 0 0 -4 834 -4 834
Share-based payment 0 0 639 639
Transfer of reserves 0 0 0 0
Transactions with owners 0 0 639 639
Equity as at 30.06.2023 10 398 0 14 293 24 691
Statement of changes in equity
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
12
INTERIM REPORT H1 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
DKK´000 Note Q2 2024 Q2 2023 H1 2024 H1 2023 FY 2023
Loss before tax -328 -1 556 -3 -4 834 24 543
Depreciation, amortisation and impairment losses 1 992 1 309 3 983 2 108 7 635
Share-based payments 57 301 114 639 1 099
Financial income, reversed -408 0 -1 536 -1 -26 181
Financial expenses, reversed 9 256 93 2 744 1 448
Change in working capital -2 689 -1 751 -9 906 432 -30
Operating cash flow -1 367 -1 441 -7 255 1 088 8 514
Financial income, received 0 0 0 1 1 111
Financial expenses, paid -90 0 -93 0 0
Income tax received 0 0 0 0 107
Cash flow generated from operations -1 457 -1 441 -7 348 1 089 9 732
Investment in shares -50 -1 995 -50 -3 500 0
Sale of right of use assests 0 0 0 0 -4 084
Long term receivable 0 0 0 0 2 926
Investments in projects 0 -973 0 -973 -3 279
Cash flow from investing activities -50 -2 968 -50 -4 473 -4 437
Proceeds from cash capital increase 0 0 112 0 30 893
Repayment convertible loan 0 0 0 0 -372
Investment in financial assets 0 0 0 0 -21 329
Cash flow from financing activities 0 0 112 0 9 192
Total cash flow for the period -1 507 -4 409 -7 286 -3 384 14 487
Cash, beginning of period 44 573 36 603 49 305 36 261 36 261
Net foreign exchange difference 488 53 1 535 -630 -1 443
Cash, end of period 43 554 32 247 43 554 32 247 49 305
Consolidated cash flow statement
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
13
INTERIM REPORT H1 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
1. Basis of preparation
The interim report has been prepared in accordance with IAS 34 Interim financial reporting,
as adopted by the EU, and additional Danish interim reporting requirements for listed
companies. The interim report does not include all the information and disclosures required
in the annual consolidated financial statements and should be read in conjunction with the
Group’s annual consolidated financial statements as of 31 December 2023. The accounting
policies adopted in the preparation of the interim report are consistent with those followed
in the preparation of the Group’s annual consolidated financial statements for the year
ended 31 December 2023.
Significant accounting estimates and judgments
The most significant accounting estimates and judgments in the interim consolidated
financial statements remain unchanged compared to those used in Annual Report 2023.
The principles and key assumptions are described in the Annual Report 2023 in note 2.
2. Revenue
Notes to the Financial Statements
DKK´000 Q2 2024 Q2 2023 H1 2024 H1 2023 FY 2023
Sales of games and advertising for mobile devices 192 314 435 650 1 202
License income 2 810 1 075 5 341 3 198 7 994
Other revenue - 560 11 575 568
Total 3 002 1 949 5 787 4 423 9 764
3. Earnings per share
DKK´000 Q2 2024 Q2 2023 H1 2024 H1 2023 FY 2023
Net profit/loss for the period -328 -1 556 -3 -4 834 24 543
Weighted average number of ordinary shares used as the denominator in calculating
basic earnings per share (in thousands) 268 379 207 959 268 360 207 959 226 901
Adjustments for calculation of diluted earnings per share:
Warrants 87 620 0 87 620 0 87 920
Weighted average number of ordinary shares and potential ordinary shares used as the
denominator in calculating diluted earnings per share (in thousands) 355 999 207 959 355 980 207 959 314 821
Earnings per share of DKK 0,05 each (in DKK) -0,001 -0,007 0,000 -0,023 0,108
Diluted earnings per share of DKK 0,05 each (in DKK) -0,001 -0,007 0,000 -0,023 0,078
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
14
INTERIM REPORT H1 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
4. Derivative financial instruments
On 7 September 2021, the parent company of the group entered into an investment
agreement with Skybound Games Studios (the investor). The investor received the right
to subscribe mandatorily and investment shares and warrants (collectively “rights”) which
could be exercised on different dates depending on the tranches. Each right could be
exercised for one share (i.e., 1:1 conversion ratio) and the number of shares that would be
issued were fixed for all these tranches. Upon settlement, the fixed exercise amount in
Norwegian kroner (NOK) was settled by the investor by paying its US dollar (USD) equivalent.
The functional and presentation currency of the parent company and the Group is Danish
kroner (DKK). Hence, although the exercise amount is fixed in NOK, the equivalent amount
in DKK was variable depending on the prevailing exchange rate between DKK and USD at
settlement date. This variable amount did not qualify the definition of equity instrument
and therefore, these rights were classified as derivative financial assets / liabilities. As the
last Tranche was executed in September 2023 there is no longer a liability and the liability
amount of DKK 25.1m was recognized as financial income in 2023
Contingent liabilities
Based on management’s assessment the group is not involved in any lawsuits, arbitration
cases or other matters which could have a material impact on the group’s financial position
or results of operations.
As part of the investment agreement, 5th Planet Games has provided certain
representations and warranties to Skybound Games Studios. Should Skybound Games
Studios suffer a loss due to certain specific warranties not being true, accurate and not
misleading, Skybound Games Studios will, at its own discretion, have the option of being
indemnified from its loss by exercising up to 2,200,000 warrants (depending on the loss),
each warrant entitling Skybound Games Studios to subscribe for 1 share of nominal DKK
0.05 at par value (the “Indemnification Warrants”). The potential loss from this warranty is
estimated to be unsignificant.
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key Figures and Financial Performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ Review Report
Consolidated Income Statement and Statement of Other Comprehensive Income
Consolidated Balance Sheet
Statement of Changes in Equity
Consolidated Cash Flow Statement
Notes to the Financial Statements
15
INTERIM REPORT H1 2024
5th Planet Games At-A-Glance
CEO Letter
Outlook for 2024, Key figures and financial performance
Statement by the Board of Directors and the Executive Board
Independent Auditiors’ review report
Consolidated income statement and statement of other comprehensive income
Consolidated Balance Sheet
Statement of changes in equity
Consolidated cash flow statement
Notes to the financial statements
Contact details
Mark Stanger, CEO
mstanger@5thplanetgames.com
Investor Relations
ir@5thplanetgames.com
5th Planet Games A/S
Gothersgade 11
1123 Copenhagen
Denmark
CVR No.: 3359 7142
Interim report (other than 6 months)The independent auditor's reports (Review)ParsePort XBRL Converter2024-01-012024-06-302023-01-012023-06-30Regnskabsklasse Dmstanger@5thplanetgames.comHenrik NielsenDavid AlpertGothersgade 111123 CopenhagenOpinionBasis for Opinion2024-05-23213800MC2SGVSIBN7J532024-01-012024-06-30cmn:ConsolidatedMember213800MC2SGVSIBN7J532024-01-012024-06-30cmn:ConsolidatedMember2213800MC2SGVSIBN7J532024-01-012024-06-30cmn:ConsolidatedMember3213800MC2SGVSIBN7J532024-04-012024-06-30213800MC2SGVSIBN7J532023-04-012023-06-30213800MC2SGVSIBN7J532024-01-012024-06-30213800MC2SGVSIBN7J532023-01-012023-06-30213800MC2SGVSIBN7J532023-01-012023-12-31213800MC2SGVSIBN7J532024-06-30213800MC2SGVSIBN7J532023-06-30213800MC2SGVSIBN7J532023-12-31213800MC2SGVSIBN7J532023-12-31ifrs-full:IssuedCapitalMember213800MC2SGVSIBN7J532024-01-012024-06-30ifrs-full:IssuedCapitalMember213800MC2SGVSIBN7J532024-06-30ifrs-full:IssuedCapitalMember213800MC2SGVSIBN7J532023-12-31ifrs-full:SharePremiumMember213800MC2SGVSIBN7J532024-01-012024-06-30ifrs-full:SharePremiumMember213800MC2SGVSIBN7J532024-06-30ifrs-full:SharePremiumMember213800MC2SGVSIBN7J532023-12-31ifrs-full:RetainedEarningsMember213800MC2SGVSIBN7J532024-01-012024-06-30ifrs-full:RetainedEarningsMember213800MC2SGVSIBN7J532024-06-30ifrs-full:RetainedEarningsMember213800MC2SGVSIBN7J532022-12-31ifrs-full:IssuedCapitalMember213800MC2SGVSIBN7J532023-01-012023-06-30ifrs-full:IssuedCapitalMember213800MC2SGVSIBN7J532023-06-30ifrs-full:IssuedCapitalMember213800MC2SGVSIBN7J532022-12-31ifrs-full:SharePremiumMember213800MC2SGVSIBN7J532023-01-012023-06-30ifrs-full:SharePremiumMember213800MC2SGVSIBN7J532023-06-30ifrs-full:SharePremiumMember213800MC2SGVSIBN7J532022-12-31ifrs-full:RetainedEarningsMember213800MC2SGVSIBN7J532023-01-012023-06-30ifrs-full:RetainedEarningsMember213800MC2SGVSIBN7J532023-06-30ifrs-full:RetainedEarningsMember213800MC2SGVSIBN7J532022-12-31213800MC2SGVSIBN7J532024-03-31213800MC2SGVSIBN7J532023-03-31213800MC2SGVSIBN7J532024-01-012024-06-30cmn:ConsolidatedMember1213800MC2SGVSIBN7J532024-01-012024-06-30cmn:ConsolidatedMember1213800MC2SGVSIBN7J532024-01-012024-06-30cmn:ConsolidatedMember4213800MC2SGVSIBN7J532024-01-012024-06-30cmn:ConsolidatedMember1iso4217:DKKiso4217:DKKxbrli:shares