26866278 2022-01-01 2022-12-31 26866278 2021-01-01 2021-12-31 26866278 2022-12-31 26866278 2021-12-31 26866278 2022-01-01 2022-12-31 0 26866278 2021-01-01 2021-12-31 1 26866278 2022-01-01 26866278 2021-01-01 26866278 2022-01-01 2022-12-31 0 26866278 2022-01-01 2022-12-31 0 26866278 2022-01-01 2022-12-31 1 26866278 2022-01-01 2022-12-31 2 26866278 2022-01-01 2022-12-31 3 26866278 2022-01-01 2022-12-31 0 26866278 2022-01-01 2022-12-31 1 iso4217:DKK xbrli:pure 2022-01-01 2022-12-31 HusCompagniet Danmark A/S Agerøvej 31A 8381 Tilst 88623000 www.huscompagniet.dk 26866278 2023-06-02 Søren Haugaard <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management's review</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statutory CSR report</td></tr><tr><td colspan="1">The Company has not drawn up any separate CSR report, as the parent company has done so for the entire Group. The report is rendered in the parent company's annual report and may be downloaded from the site https://investors.huscompagniet.com/English/reports-and-presentations/annual-reports/default.aspx</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Account of the gender composition of Management</td></tr><tr><td colspan="1">At HusCompagniet Danmark A/S, we strive towards a diverse and inclusive work environment. A diverse workforce can bring many advantages to an organization. The starting point is providing equal opportunity for people of all ages, genders, nationalities, religions, political opinions, and abilities. The construction sector has traditionally been a male-dominated industry, which poses a challenge for the industry and for HusCompagniet Danmark A/S. The starting point for improving the gender diversity of our workforce is to monitor the demographics of our employees, with the aim to track and increase gender balance over time. As of 31 December 2022, the underrepresented gender is female and constituted 0% of our workforce in management. Of the 4 members in the Board of Directors, 1 is constituted from the underrepresented gender. People are encouraged to apply for HusCompagniet positions, irrespective of gender, age, nationality, sexual orientation, religion or ethnicity, and decisions regarding recruitment, promotion and dismissal are not influenced by these. Our employees have equal opportunities for career development and management ambitions, which are discussed as part of the yearly performance reviews. Gender representation is considered in the recruitment process of managers. The tone set at the top is important, not least when it comes to diversity and inclusion. In 2022, women comprised of 0% of other levels of management, which remained stable compared to 2021. In 2022, other levels of management are defined by the executive management and their direct reports with employee responsibility. The method used to determine the percentage of other levels of management that comprise of women is the weighted actual headcount method. HusCompagniet Danmark A/S has set a target to increase the representation of women in other levels of management to 25% by 2025 and 30% by 2030. In 2021 HusCompagniet Danmark A/S did set a goal that by 2025 one woman should be appointed to the Board of Directors. Changes were made during 2022 where one female was appointed, and the target originally set for 2025 was achieved. Hence HusCompagniet Danmark A/S has achieved the desired gender composition in the Board of Directors and no further goalsetting is deemed necessary.</td></tr></table> 3683787134 3037078064 646709071 322320715 39097016 0 -23434183 15672332 246184824 145656 4618043 241712437 53729443 187982994 187982994 0 187982994 187982994 519928105 -9195989 250768064 146000 2905000 58544718 187751346 4376990 -4376990 -171827932 11546123 -183374056 300 0 183374356 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement by Management</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The Board of Directors and the Executive Board have today discussed and approved the annual report of</td></tr><tr><td colspan="1">HusCompagniet Danmark A/S for 2022.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The annual report has been prepared in accordance with International Financial Reporting Standards as adopted by</td></tr><tr><td colspan="1">the EU and additional requirements of the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">In our opinion, the financial statements give a true and fair view of the financial position of the Company at</td></tr><tr><td colspan="1">31 December 2022 and of the results of their operations and cash flows for the financial year 1 January –</td></tr><tr><td colspan="1">31 December 2022.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Further, in our opinion, the Management's review gives a fair review of the development in the Group's and the</td></tr><tr><td colspan="1">Company's activities and financial matters, results for the year, cash flows and financial position as well as a</td></tr><tr><td colspan="1">description of material risks and uncertainties that the Group and the Parent Company face.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We recommend that the annual report be approved at the annual general meeting.</td></tr></table> Virum 2023-06-02 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independent auditor's report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the shareholders of HusCompagniet Danmark A/S</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Opinion</td></tr><tr><td colspan="1">We have audited the financial statements of HusCompagniet Danmark A/S for the financial year 1 January –</td></tr><tr><td colspan="1">31 December 2022, which comprise income statement, statement of other comprehensive income, balance sheet,</td></tr><tr><td colspan="1">statement of cash flows, statement of changes in equity and notes, including accounting policies. The financial</td></tr><tr><td colspan="1">statements are prepared in accordance with International Financial Reporting Standards as adopted by the EU and</td></tr><tr><td colspan="1">additional requirements of the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the financial statements give a true and fair view of the financial position of the Company at</td></tr><tr><td colspan="1">31 December 2022 and of the results of the Company's operations and cash flows for the financial year 1 January –</td></tr><tr><td colspan="1">31 December 2022 in accordance with International Financial Reporting Standards as adopted by the EU and</td></tr><tr><td colspan="1">additional requirements of the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis for opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements</td></tr><tr><td colspan="1">applicable in Denmark. Our responsibilities under those standards and requirements are further described in the</td></tr><tr><td colspan="1">"Auditor's responsibilities for the audit of the financial statements" section of our report. We believe that the audit</td></tr><tr><td colspan="1">evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independence</td></tr><tr><td colspan="1">We are independent of the Company in accordance with the International Ethics Standards Board for Accountants'</td></tr><tr><td colspan="1">International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements</td></tr><tr><td colspan="1">applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these</td></tr><tr><td colspan="1">requirements and the IESBA Code.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement on the Management's review</td></tr><tr><td colspan="1">Management is responsible for the Management's review.</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover the Management's review, and we do not express any</td></tr><tr><td colspan="1">assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the financial statements, our responsibility is to read the Management's review and,</td></tr><tr><td colspan="1">in doing so, consider whether the Management's review is materially inconsistent with the financial statements, or</td></tr><tr><td colspan="1">our knowledge obtained during the audit, or otherwise appears to be materially misstated.</td></tr><tr><td colspan="1">Moreover, it is our responsibility to consider whether the Management's review provides the information required</td></tr><tr><td colspan="1">under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Based on the work we have performed, we conclude that the Management's review is in accordance with the</td></tr><tr><td colspan="1">financial statements and has been prepared in accordance with the requirements of the Danish Financial</td></tr><tr><td colspan="1">Statements Act. We did not identify any material misstatement of the Management's review.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management's responsibilities for the financial statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of financial statements that give a true and fair view in accordance</td></tr><tr><td colspan="1">with International Financial Reporting Standards as adopted by the EU and additional requirements of the Danish</td></tr><tr><td colspan="1">Financial Statements Act and for such internal control as Management determines is necessary to enable the</td></tr><tr><td colspan="1">preparation of financial statements that are free from material misstatement, whether due to fraud or error.</td></tr><tr><td colspan="1">In preparing the financial statements, Management is responsible for assessing the Company's ability to continue as</td></tr><tr><td colspan="1">a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of</td></tr><tr><td colspan="1">accounting in preparing the financial statements unless Management either intends to liquidate the Company or to</td></tr><tr><td colspan="1">cease operations, or has no realistic alternative but to do so.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Auditor's responsibilities for the audit of the financial statements</td></tr><tr><td colspan="1">Our objectives are to obtain reasonable assurance as to whether the financial statements as a whole are free from</td></tr><tr><td colspan="1">material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.</td></tr><tr><td colspan="1">Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance</td></tr><tr><td colspan="1">with ISAs and additional requirements applicable in Denmark will always detect a material misstatement when it</td></tr><tr><td colspan="1">exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,</td></tr><tr><td colspan="1">they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial</td></tr><tr><td colspan="1">statements.</td></tr><tr><td colspan="1">As part of an audit conducted in accordance with ISAs and additional requirements applicable in Denmark, we</td></tr><tr><td colspan="1">exercise professional judgement and maintain professional scepticism throughout the audit. We also</td></tr><tr><td colspan="1">► Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or</td></tr><tr><td colspan="1">error, design and perform audit procedures responsive to those risks and obtain audit evidence that is</td></tr><tr><td colspan="1">sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement</td></tr><tr><td colspan="1">resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,</td></tr><tr><td colspan="1">intentional omissions, misrepresentations or the override of internal control.</td></tr><tr><td colspan="1">► Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are</td></tr><tr><td colspan="1">appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the</td></tr><tr><td colspan="1">Company's internal control.</td></tr><tr><td colspan="1">► Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and</td></tr><tr><td colspan="1">related disclosures made by Management.</td></tr><tr><td colspan="1">► Conclude on the appropriateness of Management's use of the going concern basis of accounting in preparing</td></tr><tr><td colspan="1">the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists</td></tr><tr><td colspan="1">related to events or conditions that may cast significant doubt on the Company's ability to continue as a going</td></tr><tr><td colspan="1">concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's</td></tr><tr><td colspan="1">report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify</td></tr><tr><td colspan="1">our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report.</td></tr><tr><td colspan="1">However, future events or conditions may cause the Company to cease to continue as a going concern.</td></tr><tr><td colspan="1">► Evaluate the overall presentation, structure and contents of the financial statements, including the note</td></tr><tr><td colspan="1">disclosures, and whether the financial statements represent the underlying transactions and events in a</td></tr><tr><td colspan="1">manner that gives a true and fair view.</td></tr><tr><td colspan="1">We communicate with those charged with governance regarding, among other matters, the planned scope and</td></tr><tr><td colspan="1">timing of the audit and significant audit findings, including any significant deficiencies in internal control that we</td></tr><tr><td colspan="1">identify during our audit.</td></tr></table> Copenhagen 2023-06-02 Årsrapport 30700228 EY Godkendt Revisionspartnerselskab Cortex Park Vest 3 5230 Odense M 2021-01-01 2021-12-31 Revisionspåtegning Grundlag for konklusion Konklusion 0 3766996000 3061555000 705441000 331253000 39391000 66000 0 15422000 319441000 8000 9561000 309888000 67877000 242011000 242011000 0 242011000 242011000 337586000 46408000 383994000 8000 7402000 76714000 297727000 5086000 -5086000 -282212000 10429000 -292641000 0 0 292641000 24611734 4337400 4337400 4151171 37437705 296929293 618067501 204767655 2512934 1658232497 2780509880 2817947585 2001000 1915226507 1917227507 20596504 6362720 22106577 49065801 11998155 529683511 76314224 15312269 25450880 58103148 38178564 96613563 851654314 900720115 2817947621 0 0 32054000 4144000 5121000 4756000 46076000 290573000 651150000 127042000 1217000 1448227000 2518209000 2564285000 2001000 1727244000 1729245000 23963000 7835000 26480000 58278000 11450000 518873000 49343000 8778000 31338000 58545000 0 98435000 776762000 835040000 2564285000 0 0 Interest elements of lease payments -1713000 Interest elements of lease payments -2159000 0 0 Martin Ravn‐Nielsen CEO Søren Haugaard Chairman Jesper Mølskov Høybye Martin Ravn‐Nielsen Anna Schøning EY Godkendt Revisionspartnerselskab 30700228 Torben Bender State Authorised mne21332 Morten Weinreich Larsen State Authorised mne42791 30700228 EY Godkendt Revisionspartnerselskab