Reporting Class. The annual report of FEEP Holding ApS for 2023 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. The accounting policies applied remain unchanged from last year. Reporting currency The annual report is presented in Danish kroner. Translation policies Transactions in foreign currencies are translated into DKK at the exchange rate prevailing at the date of transaction. Monetary assets and liabilities in foreign currencies are translated into DKK based on the exchange rates prevailing at the balance sheet day. Realised and unrealised foreign exchange gains and losses are included in the income statement under financial income and expenses. This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 Income statement Gross profit/loss The Company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit is a combination of the items of revenue, change in inventories of finished goods, work in progress and goods for resale, other operating income, costs for raw materials and consumables and other external expenses. Other external expenses Other external expenses include expenses for administration etc. Financial income and expenses Financial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, financial expenses of finance leases, realised and unrealised capital gains and losses regarding securities, accounts payable and transactions in foreign currencies, repayment on mortgage loans, and surcharges and allowances under the advance-payment of tax scheme. Dividends from other investments are recognised as income in the financial year in which the dividends are declared. Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Balance sheet Receivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Impairment of accounts receivables past due is established on individual assessment of receivables. Other securities and equity investments recognised in current assets Equity investments recognised as current assets comprise securities admitted for trading on a regulated market, which are measured at fair value at the reporting date. Fair value is calculated using prices quoted in the most recent transactions. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand. Deferred tax This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 Deferred tax and the associated adjustments for the year are determined according to the liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallize as current tax. Current tax liabilities Current tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account. Financial liabilities are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent periods, financial liabilities are measured at amortized cost, corresponding to the capitalized value using the effective interest method, so that the difference between the proceeds and the nominal value is recognised in the income statement over the life of the financial instrument. Other liabilities, comprising deposits, trade payables and other accounts payable, are measured at amortised cost, which usually corresponds to the nominal value. Income Statement Note 2023 kr. 2022 kr. Gross profit -416.178 -454.134 Finance income 3.095.674 2.070.935 Finance expenses -2.351.108 -5.265.992 Profit from ordinary activities before tax 328.388 -3.649.191 Tax expense on ordinary activities -46.464 -38.101 Profit 281.924 -3.687.292 Proposed distribution of results Retained earnings 281.924 -3.687.292 Distribution of profit 281.924 -3.687.292 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 Assets Note 2023 kr. 2022 kr. Short-term tax receivables 84.387 0 Other short-term investments 1 28.552.350 26.657.061 Short-term investments 28.552.350 26.657.061 Cash and cash equivalents 189.472 1.141.840 Current assets 28.826.209 27.798.901 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 Liabilities and equity Note 2023 kr. 2022 kr. Contributed capital 40.000 40.000 Retained earnings -3.767.449 -4.049.373 Payables to shareholders and management 32.514.108 31.772.700 Long-term liabilities other than provisions 2 32.514.108 31.772.700 Trade payables 20.500 17.500 Tax payables 0 18.074 Other payables 19.050 0 Short-term liabilities other than provisions 39.550 35.574 Liabilities other than provisions within the business 32.553.658 31.808.274 Liabilities and equity 28.826.209 27.798.901 Contingent liabilities 3 Collaterals and assets pledges as security 4 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546
Appears in 1 contract
Samples: Annual Report
Reporting Class. The annual report of FEEP Holding ApS for 2023 2021 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. The accounting policies applied remain unchanged from last year. Reporting currency The annual report is presented in Danish kroner. Translation policies This document has esignatur Agreement-ID: a0e84egYNWm247768737 Transactions in foreign currencies are translated into DKK at the exchange rate prevailing at the date of transaction. Monetary assets and liabilities in foreign currencies are translated into DKK based on the exchange rates prevailing at the balance sheet day. Realised and unrealised foreign exchange gains and losses are included in the income statement under financial income and expenses. This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 Income statement Gross profit/loss The Company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit is a combination of the items of revenue, change in inventories of finished goods, work in progress and goods for resale, other operating income, costs for raw materials and consumables and other external expenses. Other external expenses Other external expenses include expenses for administration etc. Financial income and expenses Financial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, financial expenses of finance leases, realised and unrealised capital gains and losses regarding securities, accounts payable and transactions in foreign currencies, repayment on mortgage loans, and surcharges and allowances under the advance-payment advance−payment of tax scheme. Dividends from other investments are recognised as income in the financial year in which the dividends are declared. Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Balance sheet Receivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs write−downs for expected bad debts. Impairment of accounts receivables past due is established on individual assessment of receivables. Other securities and equity investments recognised in current assets Equity investments recognised as current assets comprise securities admitted for trading on a regulated market, which are measured at fair value at the reporting date. Fair value is calculated using prices quoted in the most recent transactions. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand. Deferred tax This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 a0e84egYNWm247768737 Deferred tax and the associated adjustments for the year are determined according to the liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off set−off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallize as current tax. Current tax liabilities Current tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year, adjusted for prior-year prior−year taxes and tax paid on account. Financial liabilities are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent periods, financial liabilities are measured at amortized cost, corresponding to the capitalized value using the effective interest method, so that the difference between the proceeds and the nominal value is recognised in the income statement over the life of the financial instrument. Other liabilities, comprising deposits, trade payables and other accounts payable, are measured at amortised cost, which usually corresponds to the nominal value. Income Statement Note 2023 kr. 2022 kr. Gross profit -416.178 -454.134 Finance income 3.095.674 2.070.935 2.857.508 310.854 Finance expenses -2.351.108 -5.265.992 Profit from ordinary activities before tax 328.388 -3.649.191 −2.585.301 −469.085 Tax expense on ordinary activities -46.464 -38.101 Profit 281.924 -3.687.292 Proposed distribution of results 0 0 Retained earnings 281.924 -3.687.292 Distribution of profit 281.924 -3.687.292 −98.831 −263.249 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 Assets Note 2023 kr. 2022 kr. Short-term tax receivables 84.387 0 Other short-term investments 1 28.552.350 26.657.061 Short-term investments 28.552.350 26.657.061 Cash and cash equivalents 189.472 1.141.840 Current assets 28.826.209 27.798.901 a0e84egYNWm247768737 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 Liabilities and equity Note 2023 kr. 2022 kr. a0e84egYNWm247768737 Other receivables 0 42.978 Short−term tax receivables 3.159 0 Other short−term investments 1 30.439.367 30.190.390 Contributed capital 40.000 40.000 Retained earnings -3.767.449 -4.049.373 Equity 40.000 −362.081 -322.081 40.000 −263.249 -223.249 Payables to shareholders and management 32.514.108 31.772.700 32.311.654 32.233.205 Long-term liabilities other than provisions 2 32.514.108 31.772.700 32.311.654 32.233.205 Trade payables 20.500 17.500 Tax payables 0 18.074 Other payables 19.050 0 Short-term liabilities other than provisions 39.550 35.574 Liabilities other than provisions within the business 32.553.658 31.808.274 77.333 Liabilities and equity 28.826.209 27.798.901 32.007.073 32.087.289 Contingent liabilities 3 Collaterals and assets pledges as security securities 4 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546a0e84egYNWm247768737
Appears in 1 contract
Samples: Annual Report
Reporting Class. The annual report of FEEP Holding Xxxxxxx Xxxx ApS for 2023 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. The accounting policies applied remain unchanged from last year. Reporting currency The annual report is presented in Danish kroner. Translation policies Transactions in foreign currencies are translated into DKK at the exchange rate prevailing at the date of transaction. Monetary assets and liabilities in foreign currencies are translated into DKK based on the exchange rates prevailing at the balance sheet day. Realised and unrealised foreign exchange gains and losses are included in the income statement under financial income and expenses. This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 71b6a8JUTHk251905219 Income statement Gross profit/loss The Company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit is a combination of the items of revenue, change in inventories of finished goods, work in progress and goods for resale, other operating income, costs for raw materials and consumables and other external expenses. Raw materials and consumables used Costs for raw materials and consumables comprise the cost of goods purchased less discounts, costs subcontractors and change in inventories for the year. Other external expenses Other external expenses include expenses for administration distribution, sales, advertising, administration, premises, bad debts, operating leasing expenses etc. Financial income and expenses Financial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, financial expenses of finance leases, realised and unrealised capital gains and losses regarding securities, accounts payable and transactions in foreign currencies, repayment on mortgage loans, and surcharges and allowances under the advance-payment of tax scheme. Dividends from other investments are recognised as income in the financial year in which the dividends are declared. Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Balance sheet Receivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Impairment of accounts receivables past due is established on individual assessment of receivables. Other securities and equity investments recognised in current assets Equity investments recognised as current assets comprise securities admitted for trading on a regulated market, which are measured at fair value at the reporting date. Fair value is calculated using prices quoted in the most recent transactions. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand. Deferred tax This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 Deferred tax and the associated adjustments for the year are determined according to the liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. This document has esignatur Agreement-ID: 71b6a8JUTHk251905219 Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallize as current tax. Current tax liabilities Current tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account. Financial liabilities are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent periods, financial liabilities are measured at amortized cost, corresponding to the capitalized value using the effective interest method, so that the difference between the proceeds and the nominal value is recognised in the income statement over the life of the financial instrument. Other payables Other liabilities, comprising deposits, trade payables and other accounts payable, are measured at amortised cost, which usually corresponds to the nominal value. Income Statement Note 2023 kr. 2022 kr. Gross profit -416.178 -454.134 Finance income 3.095.674 2.070.935 -28.858 -33.206 Finance expenses -2.351.108 -5.265.992 -1.287 -1.082 Profit from ordinary activities before tax 328.388 -3.649.191 -30.145 -34.288 Tax expense on ordinary activities -46.464 -38.101 0 0 Profit 281.924 -3.687.292 -30.145 -34.288 Proposed distribution of results Retained earnings 281.924 -3.687.292 -30.145 -34.288 Distribution of profit 281.924 -3.687.292 -30.145 -34.288 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 71b6a8JUTHk251905219 Assets Note 2023 kr. 2022 kr. Short-term tax receivables 84.387 0 from group enterprises 4.375 4.375 Other short-term investments 1 28.552.350 26.657.061 Short-term investments 28.552.350 26.657.061 receivables 18.070 4.574 Cash and cash equivalents 189.472 1.141.840 7.114 6.626 Current assets 28.826.209 27.798.901 29.559 15.575 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 71b6a8JUTHk251905219 Liabilities and equity Note 2023 kr. 2022 kr. Contributed capital 40.000 40.000 Retained earnings -3.767.449 -4.049.373 Payables to shareholders and management 32.514.108 31.772.700 Long-term liabilities other than provisions 2 32.514.108 31.772.700 -99.387 -69.243 Trade payables 20.500 17.500 Tax payables 0 18.074 16.000 16.000 Other payables 19.050 0 72.946 28.818 Short-term liabilities other than provisions 39.550 35.574 88.946 44.818 Liabilities other than provisions within the business 32.553.658 31.808.274 88.946 44.818 Liabilities and equity 28.826.209 27.798.901 29.559 15.575 Uncertainties relating to going concern 1 Contingent liabilities 3 2 Collaterals and assets pledges as security 4 3 This document has esignatur Agreement-ID: cfe8f0xUytQ25163954671b6a8JUTHk251905219 2023 2022
Appears in 1 contract
Samples: Annual Report
Reporting Class. The annual report of FEEP Holding Xxxxxxx Xxxx 1 ApS for 2023 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. B, with the adoption of individual rules from class C. The accounting policies applied remain unchanged from last year. Reporting currency The annual report is presented in Danish kroner. Translation policies This document has esignatur Agreement-ID: dc36abtmtXx251902562 Transactions in foreign currencies are translated into DKK at the exchange rate prevailing at the date of transaction. Monetary assets and liabilities in foreign currencies are translated into DKK based on the exchange rates prevailing at the balance sheet day. Realised and unrealised foreign exchange gains and losses are included in the income statement under financial income and expenses. This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 Income statement Gross profit/loss The Company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit is a combination of the items of revenue, change in inventories of finished goods, work in progress and goods for resale, other operating income, costs for raw materials and consumables and other external expenses. Other external expenses Other external expenses include expenses for administration distribution, sales, advertising, administration, premises, bad debts, operating leasing expenses etc. Income from investments in group enterprises Income from equity investments comprises dividends received from group enterprises in so far as they do not exceed the accumulated earnings in the group enterprise during the ownership period. Financial income and expenses Financial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, financial expenses of finance leases, realised and unrealised capital gains and losses regarding securities, accounts payable and transactions in foreign currencies, repayment on mortgage loans, and surcharges and allowances under the advance-payment of tax scheme. Dividends from other equity investments are recognised as income in the financial year in which the dividends are declared. Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. The Company and the Danish associates are taxed jointly. The Danish income tax is distributed between profit- and loss-making Danish enterprises in relation to their taxable income (full distribution). Balance sheet Equity investments in group enterprises Equity investments in group enterprises are measured at cost. Dividends that exceed accumulated earnings of the group enterprise during the ownership period are treated as a reduction of the cost. If cost exceeds the net realizable value, a write-down to this lower value will be performed. Receivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Impairment of accounts receivables past due is established on individual assessment of receivables. Other securities and equity investments recognised in current assets Equity investments recognised as current assets comprise securities admitted for trading on a regulated market, which are measured at fair value at the reporting date. Fair value is calculated using prices quoted in the most recent transactions. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand. Deferred tax This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 dc36abtmtXx251902562 Deferred tax and the associated adjustments for the year are determined according to the liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallize as current tax. Current tax liabilities Current tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account. The Company are jointly and severally liable as the administration company for subsidiaries corporate taxes to the tax authorities. Financial liabilities are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent periods, financial liabilities are measured at amortized cost, corresponding to the capitalized value using the effective interest method, so that the difference between the proceeds and the nominal value is recognised in the income statement over the life of the financial instrument. Other liabilities, comprising deposits, trade payables and other accounts payable, are measured at amortised cost, which usually corresponds to the nominal value. Income Statement Note 2023 kr. 2022 kr. Gross profit -416.178 -454.134 Finance -207.659 -31.421 Other finance income 3.095.674 2.070.935 from group enterprises 811.439 506.440 Finance expenses -2.351.108 -5.265.992 -231.093 -224.582 Profit from ordinary activities before tax 328.388 -3.649.191 372.687 250.437 Tax expense on ordinary activities -46.464 -38.101 1 -81.972 -44.770 Profit 281.924 -3.687.292 290.715 205.667 Proposed distribution of results Retained earnings 281.924 -3.687.292 290.715 205.667 Distribution of profit 281.924 -3.687.292 290.715 205.667 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 dc36abtmtXx251902562 Assets Note 2023 kr. 2022 kr. Long-term investments in group enterprises 7.129.290 7.129.290 Fixed assets 7.129.290 7.129.290 Short-term tax receivables 84.387 0 from group enterprises 2 23.668.487 17.901.818 Other short-term investments 1 28.552.350 26.657.061 Short-term investments 28.552.350 26.657.061 receivables 59.818 28.818 Cash and cash equivalents 189.472 1.141.840 106.265 15.403 Current assets 28.826.209 27.798.901 23.834.570 17.946.039 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 dc36abtmtXx251902562 Liabilities and equity Note 2023 kr. 2022 kr. Contributed capital 40.000 40.000 100.000 100.000 Retained earnings -3.767.449 -4.049.373 Payables to shareholders and management 32.514.108 31.772.700 24.760.989 8.676.671 Other payables 5.892.201 5.665.578 Subordinate loan capital 0 10.567.691 Long-term liabilities other than provisions 2 32.514.108 31.772.700 3 5.892.201 16.233.269 Trade payables 20.500 17.500 128.698 20.619 Tax payables 0 18.074 Other payables 19.050 0 81.972 44.770 Short-term liabilities other than provisions 39.550 35.574 210.670 65.389 Liabilities other than provisions within the business 32.553.658 31.808.274 6.102.871 16.298.658 Liabilities and equity 28.826.209 27.798.901 30.963.860 25.075.329 Contingent liabilities 3 4 Collaterals and assets pledges as security 4 5 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546dc36abtmtXx251902562 1. Tax expense Current tax expense 81.972 44.770 81.972 44.770
Appears in 1 contract
Samples: Annual Report
Reporting Class. The annual report of FEEP Holding ApS for 2023 2022 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. The accounting policies applied remain unchanged from last year. Reporting currency The annual report is presented in Danish kroner. Translation policies This document has esignatur Agreement-ID: d469e2JWmMK249595039 Transactions in foreign currencies are translated into DKK at the exchange rate prevailing at the date of transaction. Monetary assets and liabilities in foreign currencies are translated into DKK based on the exchange rates prevailing at the balance sheet day. Realised and unrealised foreign exchange gains and losses are included in the income statement under financial income and expenses. This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 Income statement Gross profit/loss The Company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit is a combination of the items of revenue, change in inventories of finished goods, work in progress and goods for resale, other operating income, costs for raw materials and consumables and other external expenses. Other external expenses Other external expenses include expenses for administration etc. Financial income and expenses Financial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, financial expenses of finance leases, realised and unrealised capital gains and losses regarding securities, accounts payable and transactions in foreign currencies, repayment on mortgage loans, and surcharges and allowances under the advance-payment of tax scheme. Dividends from other investments are recognised as income in the financial year in which the dividends are declared. Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Balance sheet Receivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Impairment of accounts receivables past due is established on individual assessment of receivables. Other securities and equity investments recognised in current assets Equity investments recognised as current assets comprise securities admitted for trading on a regulated market, which are measured at fair value at the reporting date. Fair value is calculated using prices quoted in the most recent transactions. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand. Deferred tax This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 d469e2JWmMK249595039 Deferred tax and the associated adjustments for the year are determined according to the liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallize as current tax. Current tax liabilities Current tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account. Financial liabilities are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent periods, financial liabilities are measured at amortized cost, corresponding to the capitalized value using the effective interest method, so that the difference between the proceeds and the nominal value is recognised in the income statement over the life of the financial instrument. Other liabilities, comprising deposits, trade payables and other accounts payable, are measured at amortised cost, which usually corresponds to the nominal value. Income Statement Note 2023 2022 kr. 2022 2021 kr. Gross profit -416.178 -454.134 -371.038 Finance income 3.095.674 2.070.935 2.857.508 Finance expenses -2.351.108 -5.265.992 -2.585.301 Profit from ordinary activities before tax 328.388 -3.649.191 -98.831 Tax expense on ordinary activities -46.464 -38.101 0 Profit 281.924 -3.687.292 -98.831 Proposed distribution of results Retained earnings 281.924 -3.687.292 -98.831 Distribution of profit 281.924 -3.687.292 -98.831 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 d469e2JWmMK249595039 Assets Note 2023 2022 kr. 2022 2021 kr. Short-term tax receivables 84.387 0 3.159 Other short-term investments 1 28.552.350 26.657.061 30.439.367 Short-term investments 28.552.350 26.657.061 30.439.367 Cash and cash equivalents 189.472 1.141.840 1.564.547 Current assets 28.826.209 27.798.901 32.007.073 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 d469e2JWmMK249595039 Liabilities and equity Note 2023 2022 kr. 2022 2021 kr. Contributed capital 40.000 40.000 Retained earnings -3.767.449 -4.049.373 -362.081 Payables to shareholders and management 32.514.108 31.772.700 32.311.654 Long-term liabilities other than provisions 2 32.514.108 31.772.700 32.311.654 Trade payables 20.500 17.500 17.500 Tax payables 0 18.074 Other payables 19.050 0 Short-term liabilities other than provisions 39.550 35.574 17.500 Liabilities other than provisions within the business 32.553.658 31.808.274 32.329.154 Liabilities and equity 28.826.209 27.798.901 32.007.073 Contingent liabilities 3 Collaterals and assets pledges as security 4 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546d469e2JWmMK249595039
Appears in 1 contract
Samples: Annual Report
Reporting Class. The annual report of FEEP Holding Xxxxxxx Xxxx 1 ApS for 2023 2022 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. B, with the adoption of individual rules from class C. The accounting policies applied remain unchanged from last year. Reporting currency The annual report is presented in Danish kroner. Translation policies This document has esignatur Agreement-ID: d2dbaaRgnsy250396330 Transactions in foreign currencies are translated into DKK at the exchange rate prevailing at the date of transaction. Monetary assets and liabilities in foreign currencies are translated into DKK based on the exchange rates prevailing at the balance sheet day. Realised and unrealised foreign exchange gains and losses are included in the income statement under financial income and expenses. This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 Income statement Gross profit/loss The Company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit is a combination of the items of revenue, change in inventories of finished goods, work in progress and goods for resale, other operating income, costs for raw materials and consumables and other external expenses. Other external expenses Other external expenses include expenses for administration distribution, sales, advertising, administration, premises, bad debts, operating leasing expenses etc. Income from investments in group enterprises Income from equity investments comprises dividends received from group enterprises in so far as they do not exceed the accumulated earnings in the group enterprise during the ownership period. Financial income and expenses Financial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, financial expenses of finance leases, realised and unrealised capital gains and losses regarding securities, accounts payable and transactions in foreign currencies, repayment on mortgage loans, and surcharges and allowances under the advance-payment of tax scheme. Dividends from other equity investments are recognised as income in the financial year in which the dividends are declared. Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. The Company and the Danish associates are taxed jointly. The Danish income tax is distributed between profit- and loss-making Danish enterprises in relation to their taxable income (full distribution). Balance sheet Equity investments in group enterprises Equity investments in group enterprises are measured at cost. Dividends that exceed accumulated earnings of the group enterprise during the ownership period are treated as a reduction of the cost. If cost exceeds the net realizable value, a write-down to this lower value will be performed. Receivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Impairment of accounts receivables past due is established on individual assessment of receivables. Other securities and equity investments recognised in current assets Equity investments recognised as current assets comprise securities admitted for trading on a regulated market, which are measured at fair value at the reporting date. Fair value is calculated using prices quoted in the most recent transactions. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand. Deferred tax This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 d2dbaaRgnsy250396330 Deferred tax and the associated adjustments for the year are determined according to the liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallize as current tax. Current tax liabilities Current tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account. The Company are jointly and severally liable as the administration company for subsidiaries corporate taxes to the tax authorities. Financial liabilities are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent periods, financial liabilities are measured at amortized cost, corresponding to the capitalized value using the effective interest method, so that the difference between the proceeds and the nominal value is recognised in the income statement over the life of the financial instrument. Other liabilities, comprising deposits, trade payables and other accounts payable, are measured at amortised cost, which usually corresponds to the nominal value. Income Statement Note 2023 2022 kr. 2022 2021 kr. Gross profit -416.178 -454.134 Finance -31.421 -44.868 Other finance income 3.095.674 2.070.935 from group enterprises 506.440 251.718 Finance expenses -2.351.108 -5.265.992 -224.582 -215.125 Profit from ordinary activities before tax 328.388 -3.649.191 250.437 -8.275 Tax expense on ordinary activities -46.464 -38.101 1 -44.770 0 Profit 281.924 -3.687.292 205.667 -8.275 Proposed distribution of results Retained earnings 281.924 -3.687.292 205.667 -8.275 Distribution of profit 281.924 -3.687.292 205.667 -8.275 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 d2dbaaRgnsy250396330 Assets Note 2023 kr. 2022 kr. 2021 kr. Long-term investments in group enterprises 7.129.290 7.129.290 Fixed assets 7.129.290 7.129.290 Short-term tax receivables 84.387 0 from group enterprises 2 17.901.818 9.896.009 Other short-term investments 1 28.552.350 26.657.061 Short-term investments 28.552.350 26.657.061 receivables 28.818 16.068 Cash and cash equivalents 189.472 1.141.840 15.403 13.341 Current assets 28.826.209 27.798.901 17.946.039 9.925.418 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 d2dbaaRgnsy250396330 Liabilities and equity Note 2023 2022 kr. 2022 2021 kr. Contributed capital 40.000 40.000 100.000 100.000 Retained earnings -3.767.449 -4.049.373 Payables to shareholders and management 32.514.108 31.772.700 8.676.671 8.471.005 Other payables 5.665.578 5.447.671 Subordinate loan capital 10.567.691 3.023.532 Long-term liabilities other than provisions 2 32.514.108 31.772.700 3 16.233.269 8.471.203 Trade payables 20.500 17.500 20.619 12.500 Tax payables 0 18.074 Other payables 19.050 44.770 0 Short-term liabilities other than provisions 39.550 35.574 65.389 12.500 Liabilities other than provisions within the business 32.553.658 31.808.274 16.298.658 8.483.703 Liabilities and equity 28.826.209 27.798.901 25.075.329 17.054.708 Contingent liabilities 3 4 Collaterals and assets pledges as security 4 5 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546d2dbaaRgnsy250396330 1. Tax expense Current tax expense 44.770 0 44.770 0
Appears in 1 contract
Samples: Annual Report
Reporting Class. The annual report of FEEP Holding Xxxxxxx Xxxx ApS for 2023 2022 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. The accounting policies applied remain unchanged from last year. Reporting currency The annual report is presented in Danish kroner. Translation policies Transactions in foreign currencies are translated into DKK at the exchange rate prevailing at the date of transaction. Monetary assets and liabilities in foreign currencies are translated into DKK based on the exchange rates prevailing at the balance sheet day. Realised and unrealised foreign exchange gains and losses are included in the income statement under financial income and expenses. This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 b102b2pUqhs250382604 Income statement Gross profit/loss The Company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit is a combination of the items of revenue, change in inventories of finished goods, work in progress and goods for resale, other operating income, costs for raw materials and consumables and other external expenses. Raw materials and consumables used Costs for raw materials and consumables comprise the cost of goods purchased less discounts, costs subcontractors and change in inventories for the year. Other external expenses Other external expenses include expenses for administration distribution, sales, advertising, administration, premises, bad debts, operating leasing expenses etc. Financial income and expenses Financial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, financial expenses of finance leases, realised and unrealised capital gains and losses regarding securities, accounts payable and transactions in foreign currencies, repayment on mortgage loans, and surcharges and allowances under the advance-payment of tax scheme. Dividends from other investments are recognised as income in the financial year in which the dividends are declared. Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Balance sheet Receivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Impairment of accounts receivables past due is established on individual assessment of receivables. Other securities and equity investments recognised in current assets Equity investments recognised as current assets comprise securities admitted for trading on a regulated market, which are measured at fair value at the reporting date. Fair value is calculated using prices quoted in the most recent transactions. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand. Deferred tax This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 Deferred tax and the associated adjustments for the year are determined according to the liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. This document has esignatur Agreement-ID: b102b2pUqhs250382604 Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallize as current tax. Current tax liabilities Current tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account. Financial liabilities are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent periods, financial liabilities are measured at amortized cost, corresponding to the capitalized value using the effective interest method, so that the difference between the proceeds and the nominal value is recognised in the income statement over the life of the financial instrument. Other payables Other liabilities, comprising deposits, trade payables and other accounts payable, are measured at amortised cost, which usually corresponds to the nominal value. Income Statement Note 2023 2022 kr. 2022 2021 kr. Gross profit -416.178 -454.134 Finance income 3.095.674 2.070.935 -33.206 -45.395 Finance expenses -2.351.108 -5.265.992 -1.082 -650 Profit from ordinary activities before tax 328.388 -3.649.191 -34.288 -46.045 Tax expense on ordinary activities -46.464 -38.101 0 0 Profit 281.924 -3.687.292 -34.288 -46.045 Proposed distribution of results Retained earnings 281.924 -3.687.292 -34.288 -46.045 Distribution of profit 281.924 -3.687.292 -34.288 -46.045 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 b102b2pUqhs250382604 Assets Note 2023 2022 kr. 2022 2021 kr. Short-term tax receivables 84.387 0 from group enterprises 4.375 4.375 Other short-term investments 1 28.552.350 26.657.061 Short-term investments 28.552.350 26.657.061 receivables 4.574 7.525 Cash and cash equivalents 189.472 1.141.840 6.626 51.609 Current assets 28.826.209 27.798.901 15.575 63.509 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546 b102b2pUqhs250382604 Liabilities and equity Note 2023 2022 kr. 2022 2021 kr. Contributed capital 40.000 40.000 Retained earnings -3.767.449 -4.049.373 Payables to shareholders and management 32.514.108 31.772.700 Long-term liabilities other than provisions 2 32.514.108 31.772.700 -69.243 -34.956 Trade payables 20.500 17.500 Tax payables 0 18.074 16.000 32.430 Other payables 19.050 0 28.818 26.035 Short-term liabilities other than provisions 39.550 35.574 44.818 58.465 Liabilities other than provisions within the business 32.553.658 31.808.274 44.818 58.465 Liabilities and equity 28.826.209 27.798.901 15.575 63.509 Uncertainties relating to going concern 1 Contingent liabilities 3 2 Collaterals and assets pledges as security 4 3 This document has esignatur Agreement-ID: cfe8f0xUytQ251639546b102b2pUqhs250382604 2022 2021
Appears in 1 contract
Samples: Annual Report