34073988 2022-01-01 2022-12-31 34073988 2022-01-01 2022-12-31 1 34073988 2021-01-01 2021-12-31 34073988 2022-12-31 34073988 2021-12-31 34073988 2020-12-31 fsa:ContributedCapitalMember 34073988 2020-12-31 fsa:RetainedEarningsMember 34073988 2020-12-31 34073988 2021-01-01 2021-12-31 fsa:ContributedCapitalMember 34073988 2021-01-01 2021-12-31 fsa:RetainedEarningsMember 34073988 2021-12-31 fsa:ContributedCapitalMember 34073988 2021-12-31 fsa:RetainedEarningsMember 34073988 2022-01-01 2022-12-31 fsa:ContributedCapitalMember 34073988 2022-01-01 2022-12-31 fsa:RetainedEarningsMember 34073988 2022-12-31 fsa:ContributedCapitalMember 34073988 2022-12-31 fsa:RetainedEarningsMember iso4217:DKK Hedehusene, Managing Director Today, the Executive Board have discussed and approved the annual report of PC KH ApS for the financial year 1 January 2021 - 31 December 2022.Further, in our opinion, the Management's review gives a fair review of the development in the Company's operations and financial matters and the result of the Company's operations and financial position.We recommend that the Annual Report be approved at the Annual General Meeting. The annual report, which has not been audited, has been prepared in accordance with the provisions of the Danish Financial Statements Act. The Executive Board considers the criteria for omission of audit to be met.In our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2022 and of the results of the Company's operations for the financial year 1 January 2022 - 31 December 2022. PC KH ApS Profilvej 4 6000 Kolding 34073988 Kolding kommune Main activityThe Company's objects are to invest in companies and related activities.Financial reviewThe income statement of the Company for 2022 shows a loss of TDKK 542 and at 31 December 2022 the balance sheet of the Company shows negative equity of TDKK 518.Based on the current negative equity position, we have provided a letter of support from the parent entity confirming our dedication to support the entity.The result is considered minor satisfactory by the Management.Targets and expectations for the year aheadIt is anticipated that the net profit for 2023 will be at same level or a little higher than the result for 2022.Events after the reporting dateNo events have occurred after the reporting period 31. December 2022, of importance to the financial statements. 16000 11000 518000 0 10000 0 -544000 -11000 -2000 0 -542000 -11000 1819000 0 1819000 0 1819000 0 6000 9000 5000 0 409000 0 421000 9000 2239000 9000 80000 80000 -598000 -82000 -518000 -2000 1841000 0 1841000 0 0 11000 916000 0 916000 11000 2239000 9000 80000 -184000 -104000 0 112000 112000 0 -11000 -11000 80000 -82000 -2000 80000 -82000 -2000 0 26000 26000 0 -542000 -542000 80000 -598000 -518000 true The amounts in the Annual Report are stated in Danish kroner (DKK) and rounded to the nearest thousands.Foreign currency translationOn initial recognition, transactions denominated in foreign currencies are translated at the exchange rates at the transaction date. Foreign exchange differences arising between the exchange rate at the transaction date and the rate at the date of payment are recognised in the income statement as financial income or financial expenses.Receivables and payables and other monetary items denominated in foreign currencies are translated at closing rates. The difference between the exchange rates at the balance sheet date and the date at which the receivable or payable arose or was recognised in the latest financial statements is recognised in the income statement as financial income or financial expenses.Income statementIncome/Loss from investments in Group enterprises and associated companiesDividends from investments in Group enterprises are recognised in the Company's income statement in the financial year in which the dividends are declared. If the dividends distributed exceed accumulated earnings after the date of acquisition, dividends are, however, not recognised as income in the income statement, but as an adjustment of the cost of the investment.Other external expensesOther external expenses comprise expenses incurred during the year related to management and administration of the Company.Financial income and expensesFinancial income and expenses comprise interest income and expense, realised and unrealised gains and losses on payables and transactions denominated in foreign currencies, amortisation of financial assets as well as surcharges and refunds under the on-account tax scheme, etc.Tax for the yearTax for the year comprises current tax for the year and changes in deferred tax. The tax expense relating to the profit/loss for the year is recognised in the income statement, and the tax expense relating to amounts directly recognised in equity is recognised directly in equity. The tax expense recognised in the income statement relating to the extraordinary profit/loss for the year is allocated to this item whereas the remaining tax expense is allocated to the profit/loss for the year from ordinary activities.Balance sheetReceivablesReceivables are measured at amortised cost.EquityDividendDividend proposed for the year is recognised as a liability at the date when it is adopted at the annual general meeting (declaration date). Dividend expected to be distributed for the financial year is presented as a separate line item under "Equity".Corporation taxCurrent tax liabilities and outstanding current tax are included in the balance sheet as tax calculated on the taxable LiabilitiesLiabilities are valued at net realisable value. DKK '000DKK '000Loss from investments in Group enterprises incl. ImpairmentImpairment of investments in subsidiaries -518 - -518- Financial expensesInterest expenses from Group Companies -10 - -10- Tax for the yearCurrent tax for the year -5 - Deferred tax charge for the year - -2Prior year adjustments32--2 Financial assetsGroup EnterprisesCost at 1/1 2022-Additions2,337Cost at 31/12 20222,337Write-offs and fair value adjustmentsWrite-offs and fair value adjustments at 1/1 2022-Write-off and fair value adjustments for the year-518Write-offs and fair value adjustments at 31/12 2022-518Carrying amount at 31/12 20221,819Non-current liabilitiesThe non-current liabilities to group companies are all due within 3 years. Share capitalThe share capital comprises:Shares, 80,000 of DKK 1 nominal value each Contingent liabilities and other commitmentsThe Company is jointly registered for VAT with the Group's other Danish Companies. The Company is thus jointly and serverally liable for VAT as regards the jointly registration.The Company is assessed jointly for tax purposes together with the other domestic DSV Group entities. The Company is a wholly-owned subsidiary of DSV A/S and is under an unlimited and joint liability regime for Danish tax payments and withholding taxes on dividends, interest and royalties from the jointly taxed entities. The total amount is disclosed in the annual financial statements of DSV A/S, which is the administration company of the joint taxation arrangement. Any subsequent adjustments of the taxable consolidated profit or withholding taxes may result in an increase in the Company’s tax liability. Related partiesPC KH ApS' related parties comprise the following:Parties exercising controlDSV Group Services A/S, Hovedgaden 630, 2640 Hedehusene, which exercises control.OtherTransactions with other related parties comprise interest bearing accounts.Transactions with related parties has been conducted on arms length principles.There are not entered agreements or other transactions with companies where the Executive Board have had any financial interest except from transactions related to the conditions of employment. Consolidated financial statementsThe financial statements of PC KH ApS is included in the consolidated financial statements of DSV A/S, Hedehusene, Denmark. The consolidated financial statements of DSV A/S can be requested at the following address:DSV A/SHovedgaden 630DK-2640 HedehuseneDenmarkor: www.investor.dsv.com 0 0 -542000 -11000 -542000 -11000 Annual report No audit assistance ParsePort XBRL Converter 2022-01-01 2022-12-31 2021-01-01 2021-12-31 2023-04-28 Patrick Julian Figiel-Kibsgaard Reporting class B 2023-04-28 Michael Ebbe 58233527 DSV A/S Hedelandsvej 28B 2640 Hedehusene