26215579 2021-01-01 2021-12-31 26215579 2021-01-01 2021-12-31 0 26215579 2021-01-01 2021-12-31 cmn:PreviousYearMember 26215579 2021-01-01 2021-12-31 cmn:TwoYearsAgoMember 26215579 2021-01-01 2021-12-31 cmn:ThreeYearsAgoMember 26215579 2021-01-01 2021-12-31 cmn:FourYearsAgoMember 26215579 2021-12-31 26215579 2021-12-31 cmn:PreviousYearMember 26215579 2021-12-31 cmn:TwoYearsAgoMember 26215579 2021-12-31 cmn:ThreeYearsAgoMember 26215579 2021-12-31 cmn:FourYearsAgoMember 26215579 2020-01-01 2020-12-31 26215579 2020-12-31 26215579 2021-01-01 2021-12-31 fsa:ProposedExtraordinaryDividendRecognisedInEquityMember 26215579 2020-01-01 2020-12-31 fsa:ProposedExtraordinaryDividendRecognisedInEquityMember 26215579 2021-01-01 2021-12-31 fsa:RetainedEarningsMember 26215579 2020-01-01 2020-12-31 fsa:RetainedEarningsMember 26215579 2021-01-01 2021-12-31 0 iso4217:DKK xbrli:pure Regnskabsklasse C, mellemstor virksomhed 2021-01-01 2021-12-31 PAC Denmark ApS Pederstrupvej 84 DK-2750 Ballerup 26215579 Ballerup 2022-06-23 Jason Conley <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">Ledelsespåtegning</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 /><td>Management’s Statement on the Annual 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">Direktionen har dags dato behandlet og god- kendt årsrapporten for regnskabsåret 1. januar - 31. december 2021 for PAC Denmark ApS.</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 /><td>The Executive Board have today considered and adopted the Annual Report of PAC Den- mark ApS for the financial year January 1 – December 31, 2021.</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">Årsrapporten er udarbejdet i overensstemmel- se med årsregnskabsloven.</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 /><td>The Annual Report is prepared in accordance with 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">Årsregnskabet giver efter vores opfattelse et retvisende billede af selskabets aktiver, passi- ver og finansielle stilling pr. 31. december 2021 samt af resultatet af selskabets aktivite- ter for 2021.</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 /><td>In our opinion, the Financial Statements give a true and fair view of the financial position at December 31, 2021 of the Company and of the results of the Company operations for 2021.</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">Ledelsesberetningen indeholder efter vores opfattelse en retvisende redegørelse for de forhold, beretningen omhandler.</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 /><td>In our opinion, Management's Review includes a true and fair account of the matters ad- dressed in the 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">Årsrapporten indstilles til generalforsamlingens godkendelse.</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 /><td>We recommend that the Annual Report be adopted at the Annual General Meeting.</td></tr></table> København 2022-06-23 <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">Den uafhængige revisors revisionspåtegning</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 /><td>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">Til kapitalejerne i PAC Denmark ApS</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 /><td>To the Shareholders of PAC Denmark ApS</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">Konklusion</td></tr><tr><td colspan="1">Det er vores opfattelse, at årsregnskabet giver et ret- visende billede af selskabets aktiver, passiver og fi- nansielle stilling pr. 31. december 2021 samt af resul- tatet af selskabets aktiviteter for regnskabsåret 1. januar - 31. december 2021 i overensstemmelse med årsregnskabsloven.</td></tr><tr><td colspan="1">Vi har revideret årsregnskabet for PAC Denmark ApS for regnskabsåret 1. januar - 31. december 2021, der omfatter anvendt regnskabspraksis, resultatopgørel- se, balance, egenkapitalopgørelse og noter (”regn- skabet”).</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 /><td>Opinion</td></tr><tr><td /><td>In our opinion, the Financial Statements give a true and fair view of the financial position of the Com- pany at December 31, 2021 and of the results of the Company operations for the financial year January 1 – December 31, 2021 in accordance with the Dan- ish Financial Statements Act.</td></tr><tr><td /><td>We have audited the Financial Statements of PAC Denmark ApS for the financial year January 1 – December 31, 2021, which comprise income state- ment, balance sheet, statement of changes in equity and notes including a summary of significant ac- counting policies (“financial statements”).</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">Grundlag for konklusion</td></tr><tr><td colspan="1">Vi har udført vores revision i overensstemmelse med internationale standarder om revision og de yderlige- re krav, der er gældende i Danmark. Vores ansvar ifølge disse standarder og krav er nærmere beskrevet i revisionspåtegningens afsnit Revisors ansvar for revisionen af regnskabet. Vi er uafhængige af kon- cernen i overensstemmelse med International Ethics Standards Board for Accountants’ internationale ret- ningslinjer for revisorers etiske adfærd (IESBA Code) og de yderligere etiske krav, der er gældende i Dan- mark, ligesom vi har opfyldt vores øvrige etiske for- pligtelser i henhold til disse krav og IESBA Code. Det er vores opfattelse, at det opnåede revisionsbevis er tilstrækkeligt og egnet som grundlag for vores kon- klusion.</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 /><td>Basis for Opinion</td></tr><tr><td /><td>We conducted our audit in accordance with Inter- national Standards on Auditing (ISAs) and the ad- ditional requirements applicable in Denmark. Our responsibilities under those standards and require- ments are further described in the Auditor’s Re- sponsibilities for the Audit of the Financial State- ments section of our report. We are independent of the Group in accordance with the International Ethics Standards Board for Accountants’ Interna- tional Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical require- ments applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We be- lieve that the audit 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">Udtalelse om ledelsesberetningen</td></tr><tr><td colspan="1">Ledelsen er ansvarlig for ledelsesberetningen.</td></tr><tr><td colspan="1">Vores konklusion om regnskabet omfatter ikke ledel- sesberetningen, og vi udtrykker ingen form for kon- klusion med sikkerhed om ledelsesberetningen.</td></tr><tr><td colspan="1">I tilknytning til vores revision af regnskabet er det vores ansvar at læse ledelsesberetningen og i den for- bindelse overveje, om ledelsesberetningen er væsent- ligt inkonsistent med regnskabet eller vores viden opnået ved revisionen eller på anden måde synes at indeholde væsentlig fejlinformation.</td></tr><tr><td colspan="1">Vores ansvar er derudover at overveje, om ledelses- beretningen indeholder krævede oplysninger i hen- hold til årsregnskabsloven.</td></tr><tr><td colspan="1">Baseret på det udførte arbejde er det vores opfattelse, at ledelsesberetningen er i overensstemmelse med årsregnskabet og er udarbejdet i overensstemmelse med årsregnskabslovens krav. Vi har ikke fundet væ- sentlig fejlinformation i ledelsesberetningen.</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 /><td>Statement on Management’s Review</td></tr><tr><td /><td>Management is responsible for Management’s Review.</td></tr><tr><td /><td>Our opinion on the financial statements does not cover Management’s Review, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td /><td>In connection with our audit of the financial state- ments, our responsibility is to read Management’s Review and, in doing so, consider whether Manage- ment’s Review is materially inconsistent with the fi- nancial statements or our knowledge obtained dur- ing the audit, or otherwise appears to be materially misstated.</td></tr><tr><td /><td>Moreover, it is our responsibility to consider whether Management’s Review provides the infor- mation required under the Danish Financials State- ments Act.</td></tr><tr><td /><td>Based on the work we have performed, in our view, Management’s Review is in accordance with the Financial Statements and has been prepared in ac- cordance with the requirements of the Danish Fi- nancial Statement Act. We did not identify any ma- terial misstatement in 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">Ledelsens ansvar for regnskabet</td></tr><tr><td colspan="1">Ledelsen har ansvaret for udarbejdelsen af et års- regnskab, der giver et retvisende billede i overens- stemmelse med årsregnskabsloven. Ledelsen har endvidere ansvaret for den interne kontrol, som le- delsen anser for nødvendig for at udarbejde et regn- skab uden væsentlig fejlinformation, uanset om den- ne skyldes besvigelser eller fejl.</td></tr><tr><td colspan="1">Ved udarbejdelsen af regnskabet er ledelsen ansvar- lig for at vurdere selskabets evne til at fortsætte drif- ten; at oplyse om forhold vedrørende fortsat drift, hvor dette er relevant; samt at udarbejde regnskabet på grundlag af regnskabsprincippet om fortsat drift, medmindre ledelsen enten har til hensigt at likvidere selskabet, indstille driften eller ikke har andet reali- stisk alternativ end at gøre dette.</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 /><td>Management’s Responsibilities for the Financial Statements</td></tr><tr><td /><td>Management is responsible for the preparation of Financial Statements that give a true and fair view in accordance with the Danish Financial State- ments Act, and for such internal control as Man- agement determines is necessary to enable the pre- paration of financial statements that are free from material misstatement, whether due to fraud or error.</td></tr><tr><td /><td>In preparing the financial statements, Management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as appli- cable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Company or to cease opera- tions, 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">Revisors ansvar for revisionen af regnskabet</td></tr><tr><td colspan="1">Vores mål er at opnå høj grad af sikkerhed for, om regnskabet som helhed er uden væsentlig fejlinformation, uanset om denne skyldes besvigelser eller fejl, og at afgive en revisionspåtegning med en kon- klusion. Høj grad af sikkerhed er et højt niveau af sikkerhed, men er ikke en garanti for, at en revision, der udføres i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark, altid vil afdække væsentlig fejl- information, når sådan findes. Fejlinformationer kan opstå som følge af besvigelser eller fejl og kan betrag- tes som væsentlige, hvis det med rimelighed kan for- ventes, at de enkeltvis eller samlet har indflydelse på de økonomiske beslutninger, som brugerne træffer på grundlag af årsregnskabet.</td></tr><tr><td colspan="1">Som led i en revision, der udføres i overensstemmel- se med internationale standarder om revision og de yderligere krav, der er gældende i Danmark, fore- tager vi faglige vurderinger og opretholder professio- nel skepsis under revisionen. Herudover</td></tr><tr><td colspan="1">·       Identificerer og vurderer vi risikoen for væsentlig fejlinformation i årsregnskabet, uanset om denne skyldes besvigelser eller fejl, udformer og udfører revisionshandlinger som reaktion på disse risici samt opnår revisionsbevis, der er tilstrækkeligt og egnet til at danne grundlag for vores konklusion. Risikoen for ikke at opdage væsentlig fejlinforma- tion forårsaget af besvigelser er højere end ved væsentlig fejlinformation forårsaget af fejl, idet besvigelser kan omfatte sammensværgelser, do- kumentfalsk, bevidste udeladelser, vildledning el- ler tilsidesættelse af intern kontrol.</td></tr><tr><td colspan="1">·       Opnår vi forståelse af den interne kontrol med re- levans for revisionen for at kunne udforme revi- sionshandlinger, der er passende efter omstæn- dighederne, men ikke for at kunne udtrykke en konklusion om effektiviteten af selskabets interne kontrol.</td></tr><tr><td colspan="1">·       Tager vi stilling til, om den regnskabspraksis, som er anvendt af ledelsen, er passende, samt om de regnskabsmæssige skøn og tilknyttede oplysnin- ger, som ledelsen har udarbejdet, er rimelige.</td></tr><tr><td colspan="1">·       Konkluderer vi, om ledelsens udarbejdelse af regnskabet på grundlag af regnskabsprincippet om fortsat drift er passende, samt om der på grundlag af det opnåede revisionsbevis er væsent- lig usikkerhed forbundet med begivenheder eller forhold, der kan skabe betydelig tvivl om selska- bets evne til at fortsætte driften. Hvis vi konklu- derer, at der er en væsentlig usikkerhed, skal vi i vores revisionspåtegning gøre opmærksom på op- lysninger herom i regnskabet eller, hvis sådanne oplysninger ikke er tilstrækkelige, modificere vo- res konklusion. Vores konklusioner er baseret på det revisionsbevis, der er opnået frem til datoen for vores revisionspåtegning. Fremtidige begiven- heder eller forhold kan dog medføre, at selskabet ikke længere kan fortsætte driften.</td></tr><tr><td colspan="1">·       Tager vi stilling til den samlede præsentation, struktur og indhold af regnskabet, herunder note- oplysningerne, samt om regnskabet afspejler de underliggende transaktioner og begivenheder på en sådan måde, at der gives et retvisende billede heraf.</td></tr><tr><td colspan="1">Vi kommunikerer med den øverste ledelse om blandt andet det planlagte omfang og den tidsmæssige pla- cering af revisionen samt betydelige revisionsmæs- sige observationer, herunder eventuelle betydelige mangler i intern kontrol, som vi identificerer under revisionen.</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 /><td>Auditor’s Responsibilities for the Audit of the Financial Statements</td></tr><tr><td /><td>Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.</td></tr><tr><td /><td>As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgment and maintain professional skepticism throughout the audit. We also</td></tr><tr><td /><td>·       Identify and assess the risks of material mis- statement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, in- tentional omissions, misrepresentations, or the override of internal control.</td></tr><tr><td /><td>·       Obtain an understanding of internal control re- levant to the audit in order to design audit pro- cedures that are appropriate in the circumstan- ces, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.</td></tr><tr><td /><td>·       Evaluate the appropriateness of accounting poli- cies used and the reasonableness of accounting estimates and related disclosures made by Man- agement.</td></tr><tr><td /><td>· Conclude on the appropriateness of Management’s use of the going concern basis of accoun- ting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncer- tainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclo- sures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.</td></tr><tr><td /><td>·       Evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial state- ments represent the underlying transactions and events in a manner that gives a true and fair view.</td></tr><tr><td /><td>We communicate with those charged with gover- nance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.</td></tr></table> Hellerup 2022-06-23 <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">Set over en 5-årig periode kan selskabets udvikling beskrives ved følgende hoved- og nøgletal</td></tr></table><br><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">Der henvises til definitioner i afsnittet om regnskabspraksis vedrørende beregning af nøgletal.</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">Seen over a five-year period, the development of the Company is described by the following financial highlights</td></tr></table><br><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">For definitions af ratios, see under accounting policies.</td></tr></table> -83000 -117107000 -91408000 0 0 0.229 -0.117 <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">Ledelsesberetning</td></tr><tr><td colspan="1">Hovedaktivitet</td></tr><tr><td colspan="1">Hovedaktiviteten i PAC Denmark ApS består i at eje aktier i ISL Holding SAS, Frankrig.</td></tr><tr><td colspan="1">Der har ikke været yderligere aktivitet i selska- bet i årets løb.</td></tr><tr><td colspan="1">Miljøforhold og klimapåvirkning</td></tr><tr><td colspan="1">PAC udfører kun investeringsaktiviteter, som ikke har nogen miljømæssig eller klimapåvirk- ning, og derfor har PAC ingen CSR-politikker relateret miljø og klima.</td></tr><tr><td colspan="1">Årets resultat</td></tr><tr><td colspan="1">PAC generede et underskud efter skat på TDKK 91.408 sammenlignet med et under- skud på TDKK 86.323 i 2020. Resultatet er på linje med PAC’s budget og er som forventet.</td></tr><tr><td colspan="1">Balancen udviser en egenkapital på TDKK 735.557. På denne baggrund anser ledelsen resultatet som tilfredsstillende.</td></tr><tr><td colspan="1">Forventninger til fremtiden</td></tr><tr><td colspan="1">PAC forventer et driftstab i niveauet TDKK 100.000 – 110.000, og PAC forventer ikke at modtage indtægter fra Kapitalinteresser i dat- terselskaber i 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 /><td>Management’s Review</td></tr><tr><td /><td>Main activity</td></tr><tr><td /><td>The main activity in PAC Denmark ApS con- sists of ownership of the shares in ISL Holding SAS, France.</td></tr><tr><td /><td>No other activities have taken place in the Company during the year.</td></tr><tr><td /><td>Environmental and climate impact</td></tr><tr><td /><td>PAC only performs investment activities, which does not have any environmental or climate impact, and for this reason PAC does not have any CSR policies related to environment and climate.</td></tr><tr><td /><td>Profit for the year</td></tr><tr><td /><td>PAC made a loss after tax of DKK 91,408k compared to a loss of DKK 86,323k in 2020. The result is in line with PAC’s budget and is as expected.</td></tr><tr><td /><td>The balance statement shows an equity of DKK 735,557k. On this basis management considers the result acceptable.</td></tr><tr><td /><td>Expectations for the future</td></tr><tr><td /><td>PAC expects operating loss in the range of DKK 100,000k – 110,000k, and the PAC is not expecting to receive any income from invest- ments in subsidiaries in 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">Årsrapporten for PAC Denmark ApS for 2021 er udarbejdet i overensstemmelse med den danske årsregnskabslovs bestemmelser for virksomheder i regnskabsklasse C mellem.</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 /><td>The Annual Report of PAC Denmark ApS for 2021 has been prepared in accordance with the provisions of the Danish Financial State- ments Act applying to companies of reporting class C Medium.</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">Årsrapporten er aflagt i DKK 1.000.</td></tr></table><br><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">Generelt om indregning og måling</td></tr><tr><td colspan="1">Aktiver indregnes i balancen, når det er sand- synligt, at fremtidige økonomiske fordele vil tilflyde selskabet, og aktivets værdi kan måles pålideligt.</td></tr><tr><td colspan="1">Forpligtelser indregnes i balancen, når det er sandsynligt, at fremtidige økonomiske fordele vil fragå selskabet, og forpligtelsen kan måles pålideligt. Ved første indregning måles aktiver og forpligtelser til historisk kostpris. Efterføl- gende måles aktiver og forpligtelser som be- skrevet for hver enkelt regnskabspost neden- for.</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 /><td>The Annual Report is presented in DKK thousands.</td></tr></table><br><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 /><td>General recognition and measurement cri- teria</td></tr><tr><td /><td>Assets are recognised in the balance sheet when it is probable that future economic bene- fits attributable to the assets will flow to the Company, and the value of the asset can be measured reliably.</td></tr><tr><td /><td>Liabilities are recognised in the balance sheet when it is probable there will be an outflow of future economic benefits from the Company, and the value of the liability can be measured reliably. Upon initial recognition, assets and liabilities are measured at historical cost. Sub- sequently, assets and liabilities are measured as described for each item below.</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">Koncernregnskab</td></tr><tr><td colspan="1">I henhold til ÅRL § 112, stk. 2 er der ikke ud- arbejdet koncernregnskab. Årsrapporten for PAC Denmark ApS og tilknyttede dattervirk- somheder indgår i koncernregnskabet for mo- derselskabet Roper Technologies, Inc., Flori- da, USA.</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 /><td>Consolidated Financial Statements</td></tr><tr><td /><td>Pursuant to section 112(2) of the Danish Fi- nancial Statements Act, no consolidated finan- cial statements have been prepared. The An- nual Report of PAC Denmark ApS and its sub- sidiary are included in the Consolidated Finan- cial Statements of the parent Roper Technolo- gies, Inc., Florida, USA.</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">Pengestrømsopgørelse</td></tr><tr><td colspan="1">I henhold til ÅRL § 86, stk. 4 er der ikke udar- bejdet pengestrømsopgørelse.</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 /><td>Cash flow statement</td></tr><tr><td /><td>Pursuant to section 86(4) of the Danish Finan- cial Statements Act, no Cash flow statements have been prepared</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">Omregning af fremmed valuta</td></tr><tr><td colspan="1">Transaktioner i fremmed valuta er i årets løb omregnet til transaktionsdagens kurs. Gevinster og tab, der opstår på grund af forskelle mellem transaktionsdagens kurs og kursen på betalingsdagen, indregnes netto i resultatop- gørelsen som en finansiel post.</td></tr><tr><td colspan="1">Tilgodehavender, gæld og andre monetære poster i fremmed valuta, som ikke er afregnet på balancedagen, omregnes til balancedagens kurs. Forskelle mellem balancedagens kurs og transaktionsdagens kurs indregnes netto i re- sultatopgørelsen som en finansiel post.</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 /><td>Foreign currency translation</td></tr><tr><td /><td>For the purpose of initial recognition, transac- tions in foreign currencies are translated at the exchange rates at the transaction date. Gains and losses arising between the exchange rates at the transaction date and the exchange rates at the settlement date are recognised in “Financing expenses and income, net” in the income statement.</td></tr><tr><td /><td>Receivables, payables and other monetary items in foreign currencies not settled at the balance sheet date are translated at the ex- change rates at the balance sheet date. Dif- ferences between the exchange rates at the balance sheet date and the exchange rates at the time of the occurrence of the receivable or the payable are recognised in “Financing ex- penses and income” in the income statement.</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">Administrationsomkostninger</td></tr><tr><td colspan="1">Administrationsomkostninger omfatter om- kostninger til, det administrative personale, kontoromkostninger, mv.</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 /><td>Administrative expenses</td></tr><tr><td /><td>Administrative expenses comprise expenses for administrative staff, office expenses, etc.</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">Resultat af kapitalandel i dattervirksomhed</td></tr><tr><td colspan="1">I resultatopgørelsen indregnes modtagne ud- bytter samt værdireguleringer fra kapitalandel i dattervirksomhed.</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 /><td>Income from investment in subsidiary</td></tr><tr><td /><td>The items “Income from investments in subsid- iaries” in the income statement include divi- dends received and value adjustments.</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">Finansielle poster</td></tr><tr><td colspan="1">Finansielle indtægter og omkostninger omfat- ter renteindtægter og -omkostninger, kursge- vinster og -tab vedrørende gæld og transakti- oner i fremmed valuta.</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 /><td>Financial income and expenses</td></tr><tr><td /><td>Financial income and expenses comprise in- terest receipts and expenses, exchange gains and losses on debt and transactions in foreign currencies.</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">Selskabsskat og udskudt skat</td></tr><tr><td colspan="1">Årets skat består af periodens aktuelle skat og forskydninger i udskudt skat.</td></tr><tr><td colspan="1">Aktuelle skatteforpligtelser indregnes i balan- cen som kortfristet gæld i det omfang, der ikke er foretaget betaling heraf.</td></tr><tr><td colspan="1">Udskudte skatteforpligtelser indregnes i balancen som en hensættelse. Den udskudte skat- teforpligtelse er indregnet som skatten af alle midlertidige forskelle. Den udskudte skattefor- pligtelse beregnes med den aktuelle skatte- procent.</td></tr><tr><td colspan="1">Udskudte skatteaktiver indregnes i balancen som et finansielt anlægsaktiv, i det omfang det skønnes at kunne anvendes.</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 /><td>Corporation tax and deferred tax</td></tr><tr><td /><td>The tax for the period consists of current tax and movements in deferred tax.</td></tr><tr><td /><td>Current tax obligations are recorded in the balance sheet as short-term liabilities to the extent that they have not been paid.</td></tr><tr><td /><td>Deferred tax obligations are recorded in the balance sheet as a liability. The deferred tax obligation is recognized as the tax on all tem- porary differences. For calculating the deferred tax obligation the current tax rate is used.</td></tr><tr><td /><td>Deferred tax assets are recognized in the bal- ance sheet as financial fixed assets to the ex- tent that it is “more likely than not” that the as- set is realizable.</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">Kapitalandele i dattervirksomheder</td></tr><tr><td colspan="1">Kapitalandele i dattervirksomheder indregnes og måles til kostværdi. I tilfælde, hvor kostpri- sen overstiger genindvindingsværdien, ned- skrives til denne lavere værdi.</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 /><td>Investments in subsidiaries</td></tr><tr><td /><td>Investments in subsidiaries are recognized and measured at cost. Where cost exceeds the recoverable amount, write down is made to this lower value.</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">Tilgodehavender</td></tr><tr><td colspan="1">Tilgodehavender måles til balancedagens kostpris eller en lavere nettorealisationsværdi. Der nedskrives til imødegåelse af forventede tab.</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 /><td>Receivables</td></tr><tr><td /><td>Receivables are measured in the balance sheet at lower of amortised cost and net real- isable value. Provisions for bad debts are made.</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">Forpligtelser</td></tr><tr><td colspan="1">Finansielle gældsforpligtelser</td></tr><tr><td colspan="1">Andre gældsforpligtelser, som omfatter gæld til leverandører, tilknyttede virksomheder samt anden gæld, måles til amortiseret kostpris.</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 /><td>Liabilities</td></tr><tr><td /><td>Financial liabilities</td></tr><tr><td /><td>Other liabilities comprising trade payables, payables to subsidiaries and other liabilities are measured at amortised cost.</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">Nærtstående parter</td></tr><tr><td colspan="1">Der oplyses kun om transaktioner med nært- stående parter der ikke er indgået på mar- kedsvilkår.</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 /><td>Related party transactions</td></tr><tr><td /><td>Information is only provided on related party transactions which are not concluded on mar- ket terms.</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">Hoved- og nøgletalsoversigt</td></tr><tr><td colspan="1">Nøgletallene er beregnet således</td></tr><tr><td colspan="1">Afkastningsgrad</td></tr><tr><td colspan="1">Return on assets</td></tr><tr><td colspan="1">Soliditetsgrad</td></tr><tr><td colspan="1">Solvency ratio</td></tr><tr><td colspan="1">Forrentning af egenkapital</td></tr><tr><td colspan="1">Return on equity</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 /><td>Financial ratios</td></tr><tr><td /><td>The financial ratios have been calculated as follows</td></tr><tr><td /><td>Primært driftsresultat x 100 / Samlede Aktiver</td></tr><tr><td /><td>Operating result x 100 / Total assets</td></tr><tr><td /><td>Egenkapital ultimo x 100 / Samlede aktiver</td></tr><tr><td /><td>Equity at year end x 100 / Total assets</td></tr><tr><td /><td>Årets resultat x 100 / Gennemsnitlig egenkapital</td></tr><tr><td /><td>Net result for the year x 100 / Average equity</td></tr></table> 83000 0 117107000 -117190000 -25782000 <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 width="100%" colspan="4" align="left" valign="middle" >Egenkapitalopgørelse</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Statement of Changes in Equity</td></tr><tr><td colspan="4"></td></tr><tr><td width="30%" ></td><td width="23%" colspan="1" align="right" valign="middle" >Anpartskapital</td><td width="23%" colspan="1" align="right" valign="middle" >Overført resultat</td><td width="24%" colspan="1" align="right" valign="middle" >I alt</td></tr><tr><td width="30%" ></td><td width="23%" colspan="1" align="right" valign="middle" >Share capital</td><td width="23%" colspan="1" align="right" valign="middle" >Retained earnings</td><td width="24%" colspan="1" align="right" valign="middle" >Total</td></tr><tr><td width="30%" ></td><td width="23%" colspan="1" align="right" valign="middle" >TDKK</td><td width="23%" colspan="1" align="right" valign="middle" >TDKK</td><td width="24%" colspan="1" align="right" valign="middle" >TDKK</td></tr><tr><td width="30%" colspan="1" align="left" valign="middle" >Egenkapital 1. januar 2021</td><td width="23%" align="right" valign="middle" >4021</td><td width="23%" align="right" valign="middle" >822944</td><td width="24%" align="right" valign="middle" >826965</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Equity at January 1, 2021</td></tr><tr><td width="53%" colspan="2" align="left" valign="middle" >Udbytte</td><td width="23%" align="right" valign="middle" >0</td><td width="24%" align="right" valign="middle" >0</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Dividends</td></tr><tr><td width="30%" colspan="1" align="left" valign="middle" >Årets resultat</td><td width="23%" align="right" valign="middle" >0</td><td width="23%" align="right" valign="middle" >-91408</td><td width="24%" align="right" valign="middle" >-91408</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Net result for the year</td></tr><tr><td width="30%" colspan="1" align="left" valign="middle" >Egenkapital 31. december 2021</td><td width="23%" align="right" valign="middle" >4021</td><td width="23%" align="right" valign="middle" >731536</td><td width="24%" align="right" valign="middle" >735557</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Equity at December 31, 2021</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 width="100%" colspan="3" align="left" valign="middle" ></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Notes to the Annual Report</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Finansielle omkostninger</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Financing expenses</td></tr><tr><td colspan="3"></td></tr><tr><td width="37%" ></td><td width="31%" align="right" valign="middle" >2021</td><td width="32%" align="right" valign="middle" >2020</td></tr><tr><td width="37%" ></td><td width="31%" colspan="1" align="right" valign="middle" >TDKK</td><td width="32%" colspan="1" align="right" valign="middle" >TDKK</td></tr><tr><td width="37%" colspan="1" align="left" valign="middle" >Renteudgifter tilknyttede virksomheder</td><td width="31%" align="right" valign="middle" >-117107</td><td width="32%" align="right" valign="middle" >-110564</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Interest paid to group enterprises</td></tr><tr><td width="37%" colspan="1" align="left" valign="middle" >Valutakursreguleringer</td><td width="31%" align="right" valign="middle" >0</td><td width="32%" align="right" valign="middle" >-1</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Exchange rate adjustments</td></tr><tr><td width="37%" ></td><td width="31%" align="right" valign="middle" >-117107</td><td width="32%" align="right" valign="middle" >-110565</td></tr><tr><td colspan="3"></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 width="100%" colspan="3" align="left" valign="middle" >Kapitalandel i dattervirksomhed</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Investment in subsidiary</td></tr><tr><td colspan="3"></td></tr><tr><td width="37%" colspan="1" align="left" valign="middle" >Kostpris 1. januar</td><td width="31%" align="right" valign="middle" >3268038</td><td width="32%" align="right" valign="middle" >3268038</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Cost at January 1</td></tr><tr><td width="37%" colspan="1" align="left" valign="middle" >Kostpris 31. december</td><td width="31%" align="right" valign="middle" >3268038</td><td width="32%" align="right" valign="middle" >3268038</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Cost at December 31</td></tr><tr><td width="37%" colspan="1" align="left" valign="middle" >Værdiregulering 1. januar</td><td width="31%" align="right" valign="middle" >-178243</td><td width="32%" align="right" valign="middle" >-178243</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Value adjustment at January 1</td></tr><tr><td width="37%" colspan="1" align="left" valign="middle" >Værdiregulering 31. december</td><td width="31%" align="right" valign="middle" >-178243</td><td width="32%" align="right" valign="middle" >-178243</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Value adjustment at December 31</td></tr><tr><td width="37%" colspan="1" align="left" valign="middle" >Regnskabsmæssig værdi 31. december</td><td width="31%" align="right" valign="middle" >3089795</td><td width="32%" align="right" valign="middle" >3089795</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Carrying amount at December 31</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Kapitalandel i dattervirksomhed (fortsat)</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Investment in subsidiary (continued)</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Kapitalandel i dattervirksomhed specificeres således</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Investment in subsidiary is specified as follows</td></tr><tr><td colspan="3"></td></tr><tr><td width="37%" colspan="1" align="left" valign="middle" >Navn</td><td width="31%" colspan="1" align="right" valign="middle" >Hjemsted</td><td width="32%" colspan="1" align="right" valign="middle" >Stemme- og ejerandel</td></tr><tr><td width="37%" colspan="1" align="left" valign="middle" >Name</td><td width="31%" colspan="1" align="right" valign="middle" >Place of registered office</td><td width="32%" colspan="1" align="right" valign="middle" >Votes and ownership</td></tr><tr><td colspan="3"></td></tr><tr><td width="37%" colspan="1" align="left" valign="middle" >ISL Holding SAS</td><td width="31%" colspan="1" align="right" valign="middle" >Frankrig</td><td width="32%" align="right" valign="middle" >100%</td></tr><tr><td width="37%" ></td><td width="31%" colspan="1" align="right" valign="middle" >France</td><td width="32%" colspan="1" align="right" valign="middle" ></td></tr><tr><td colspan="3"></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 width="100%" colspan="1" align="left" valign="middle" >Eventualforpligtelser</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Contingent liabilities</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >PAC Denmark ApS er sambeskattet med de øvrige danske selskaber i Roper koncernen. Sambeskatningen omfatter også kildeskat i form af skat på udbytte, royalty og renter. De danske selskaber hæfter solidarisk og individuelt for sambeskatningen. Eventuelle senere korrektioner af den skattepligtige sambeskatningsindkomst eller kildeskatter kan medføre en større hæftelsesforpligtelse.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Skatten for de individuelle selskaber er fuldt fordelt på baggrund af den forventede skattepligtige indkomst.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >PAC Denmark ApS are jointly taxed with the Danish companies in the Roper Group. The joint taxation also covers withholding taxes in the form of dividend tax, royalty tax and interest tax. The Danish companies are jointly and individually liable for the joint taxation. Any subsequent adjustments to income taxes and withholding taxes may lead to a larger liability.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The tax for the individual companies is allocated in full on the basis of the expected taxable income.</td></tr><tr><td colspan="1"></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 width="100%" colspan="2" align="left" valign="middle" >Nærtstående parter og ejerforhold</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Related parties and ownership</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Bestemmende indflydelse</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Controlling influence</td></tr><tr><td width="54%" ></td><td width="46%" colspan="1" align="right" valign="middle" >Grundlag</td></tr><tr><td width="54%" ></td><td width="46%" colspan="1" align="right" valign="middle" >Basis</td></tr><tr><td width="54%" colspan="1" align="left" valign="middle" >Roper Technologies, Inc.</td><td width="46%" align="right" valign="middle" >100%</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >6901 Professional Parkway East Suite 200</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Sarasota, Florida 34240</td></tr><tr><td colspan="2"></td></tr><tr><td width="54%" colspan="1" align="left" valign="middle" >Moderselskab</td><td width="46%" colspan="1" align="right" valign="middle" >Grundlag</td></tr><tr><td width="54%" colspan="1" align="left" valign="middle" >Direct parent</td><td width="46%" colspan="1" align="right" valign="middle" >Basis</td></tr><tr><td colspan="2"></td></tr><tr><td width="54%" colspan="1" align="left" valign="middle" >Roper Industries Denmark ApS</td><td width="46%" align="right" valign="middle" >100%</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Pederstrupvej 84</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >DK-2650 Ballerup</td></tr><tr><td colspan="2"></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 width="100%" colspan="1" align="left" valign="middle" >Begivenheder efter statusdagen</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Events after the balance sheet date</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Der er ikke indtruffet forhold efter regnskabsårets afslutning, der har væsentlig</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >No events of material importance to the financial position of the company have occurred.</td></tr></table> Årsrapport 26215579 PAC Denmark ApS Pederstrupvej 84 2750 Ballerup xWizard version 1.1.1126.0, by EasyX Aps. www.easyx.eu 2020-01-01 2020-12-31 Revisionspåtegning Grundlag for konklusion Konklusion 0 Jason Phillip Conley -106000 -110565000 -86323000 0 0 0.24 -0.099 -101000 -769000 24906000 0 0 0.268 0.026 -80000 688226000 708560000 0 0 0.295 1.329 -9000 89233000 90276000 0 0 0.035 0.751 3213406000 735557000 3089795000 3089795000 97473000 25782000 123255000 356000 123611000 4021000 731536000 2477735000 114000 2477849000 3213406000 3444325000 826965000 3407718000 913288000 3370267000 992917000 2131193000 73750000 106000 0 110565000 -110671000 -24348000 -86323000 3089795000 3089795000 329811000 24348000 354159000 371000 354530000 3444325000 4021000 822944000 826965000 2617246000 114000 2617360000 3444325000 0 0 -91408000 -86323000 Pricewaterhouse Coopers Statsautoriseret Revisionspartnerselskab 33771271 Torben Jensen State Authorised Public Accountant mne18651