BroBizz Operatør A/S Annual report 3 Company objective BroBizz Operatør A/S is a 100 per cent owned subsidiary of BroBizz A/S. The company was established on 7 December 2017. BroBizz Operatør A/S is not covered by the State guarantee. In accordance with the Act on Sund & Bælt Holding A/S, BroBizz Operatør A/S’ objective is to manage the establishment, operation and maintenance of electronic toll systems and similar payment facilities as regards user-financed infrastructure in Denmark. Highlights of the year The company's first task was to bid for the construction and operation of a toll system for the Crown Princess Mary's bridge across Roskilde Fjord. BroBizz Operatør A/S was awarded the work and the contract was signed on 5 October 2018. The bridge is expected to be completed in September 2019, and the facility will be Denmark's first so-called free flow toll system. It means that the toll system will be designed in such a way that there are no physical barriers and drivers will not have to slow down when passing through. Instead, customers pay via the internet, BroBizz® or similar device and the vehicle’s number plate. BroBizz Operatør A/S can also bid on other future toll systems in connection with the establishment of user-financed infrastructure in Denmark, including other payment collection solutions such as charging by vehicle equipment, camera recording of the vehicle's number plate, etc. No key figures for 2018 are included because the project was established on 5 October 2018 and the first phase of the project (the design phase) was submitted at the end of 2018. Cash flow Cash flow is primarily affected by a capital injection from the parent company of DKK 10 million. The company’s cash funds totalled DKK 10 million at the end of 2018. Events after the balance sheet date There are no events after the balance sheet date that are of significance to the Annual Report for 2018. Outlook for 2019 According to the budget for 2019 drawn up at the end of 2018, the financial result before tax is expected to be a profit of approximately DKK 0.3 million. The company’s primary activity in 2019 relates to the execution of the contract for the Frederikssund Fjord Link.
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