54562713 2023-01-01 2023-12-31 54562713 2023-01-01 2023-12-31 1 54562713 2022-01-01 2022-12-31 54562713 2022-12-31 54562713 2023-12-31 54562713 2022-12-31 fsa:ContributedCapitalMember 54562713 2023-01-01 2023-12-31 fsa:ContributedCapitalMember 54562713 2023-12-31 fsa:ContributedCapitalMember 54562713 2022-12-31 fsa:RetainedEarningsMember 54562713 2023-01-01 2023-12-31 fsa:RetainedEarningsMember 54562713 2023-12-31 fsa:RetainedEarningsMember 54562713 2022-12-31 fsa:ProposedDividendRecognisedInEquityMember 54562713 2023-01-01 2023-12-31 fsa:ProposedDividendRecognisedInEquityMember 54562713 2023-12-31 fsa:ProposedDividendRecognisedInEquityMember 54562713 2023-01-01 2023-12-31 1 54562713 2023-01-01 2023-12-31 2 iso4217:DKK xbrli:pure Claus Andersen LEGO Security Billund ApS Aastvej 1 7190 Billund Danmark 79 50 60 70 Billund PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Statement by theExecutive BoardThe Executive Board has today considered and adopted the annual report of LEGO Security Billund ApS for the financial year 1 January to 31 December 2023.The Financial Statements have been prepared in accordance with the Danish Financial Statements Act.In my opinion, the Financial Statements give a true and fair view of LEGO Security Billund ApS financial position at 31 December 2023 and of the result of the company's operations for the financial year1 January to 31 December 2023. The annual report is recommended to be adopted at the Annual General Meeting. Billund Jeppe Olander Vangsted Independent auditor's report To the Shareholders of LEGO Security Billund ApS OpinionIn our opinion, the Financial Statements give a true and fair view of the financial position of the Com- pany at 31 December 2023, and of the results of the Company's operations for the financial year1 January - 31 December 2023 in accordance with the Danish Financial Statements Act. We have audited the Financial Statements of LEGO Security Billund ApS for the financial year 1 January - 31 December 2023, which comprise Statement of Profit or Loss, Statement of Financial Position, State- ment of Changes in Equity and notes, including a summary of significant accounting policies ("Financial Statements"). Basis for opinion We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the International Ethics Standards Board for Accountants' International Code of Ethics for Professional Accountants (IESBA Code) and the addi- tional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Management's responsibilities for the Financial Statements Management is responsible for the preparation of Financial Statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management de- termines is necessary to enable the preparation of Financial Statements that are free from material mis- statement, whether due to fraud or error.In preparing the Financial Statements, Management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, 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 operations, or has no realistic alternative but to do so. Auditor's responsibilities for the audit of the Financial StatementsOur 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 influ- ence the economic decisions of users taken on the basis of these Financial Statements.As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgment and maintain professional scepticism throughout the au- dit. We also:•Identify and assess the risks of material misstatement of the Financial Statements, whether dueto fraud or error, design and perform audit procedures responsive to those risks, and obtain au- dit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of notdetecting a material misstatement resulting from fraud is higher than for one resulting from er- ror as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or theoverride of internal control.•Obtain an understanding of internal control relevant to the audit in order to design audit proce- dures that are appropriate in the circumstances, but not for the purpose of expressing an opin- ion on the effectiveness of the Company's internal control.•Evaluate the appropriateness of accounting policies used and the reasonableness of accountingestimates and related disclosures made by Management.•Conclude on the appropriateness of Management's use of the going concern basis of account- ing in preparing the Financial Statements and, based on the audit evidence obtained, whether amaterial uncertainty exists related to events or conditions that may cast significant doubt onthe 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 disclosuresin the Financial Statements or, if such disclosures are inadequate, to modify our opinion. Ourconclusions 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 goingconcern.•Evaluate the overall presentation, structure and contents of the Financial Statements, includingthe disclosures, and whether the Financial Statements represent the underlying transactionsand events in a manner that gives a true and fair view.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in in- ternal control that we identify during our audit. Aarhus PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Mads Melgaard State Authorised Public Accountant mne34354 Thomas Bernth Jensen State Authorised Public Accountant mne47814 12844127 11831381 11022991 10547054 518550 196324 1302586 1088003 45373 5392 21692 12802 1326267 1080593 308496 251675 1017771 828918 1000000 1017771 -171082 366758 985836 366758 985836 15772 29688 9552322 7918948 56091 144050 97297 142326 9721482 8235012 9721482 8235012 10088240 9220848 200000 200000 2538633 1520862 0 2738633 2720862 0 406660 0 406660 2674913 1941381 1314558 704005 368219 580997 263467 260997 2728450 2605946 7349607 6093326 7349607 6499986 10088240 9220848 200000 1520862 1000000 0 0 1000000 1000000 0 1017771 0 200000 2538633 0 20232022DKK DKK 1 Employee expenses Salaries 9,908,317 9,485,234 Pension costs 902,525852,182Social security and other costs212,149 209,638 11,022,99110,547,054 15 16 2 Financial income Interest income from related parties45,373 5,39245,373 5,392 3 Financial expenses Interest expenses to related parties13,832 10,265 Exchange losses, net123 33Interest expenses related to lease liabilities4,150 2,495 Other interest expenses3,587921,69212,802 4 Non-current liabilitiesRepayments due within 1 year are listed under current liabilities. Remaining liabilities are recognised as non-current liabilities.The liabilities are due in accordance with the following order:Lease liabilities After more than 5 years00Between 1 and 5 years0406,660Non-current liabilities0406,660Within 1 year368,219 580,997368,219 987,657 5 Contingent liabilitiesThe Danish companies in the LEGO Group are jointly and severally liable for corporate income tax according to the joint taxation in the LEGO Group, KIRKBI A/S and in the companies controlled by KIRKBI A/S. The total amount of income tax liabilities, as well as related income tax credit counter- parts are shown in the Annual Report of KIRKBI A/S, which is the administration company of the joint taxation. The Danish companies in the LEGO Group are furthermore jointly and severally liable for Danish Taxes at source withheld on behalf of non-resident companies for dividend, royalty and inter- est. 6 Main activityThe company's main activity is providing security services. 7 Related partiesThe entity is a part of the Consolidated Annual Report, made by LEGO A/S, Billund (CVR-no. 54 56 25 19). 8 Events occurring after the reporting periodsNo events of importance have occurred after the reporting date. Accounting policies Basis of preparation The Financial Statements are presented in Danish kroner (DKK).General information on recognition and measurementThe accounts have been prepared based on the historical cost price principle.Revenues are recognised as they are earned. Furthermore, the Statement of Profit or Loss includes all costs that have been incurred to achieve the year's earnings, including depreciation, write-downs and provisions as well as reversals as a result of changed accounting estimates of amounts that have previously been recognised in the Statement of Profit or Loss.Assets are recognised in the Financial Position when it is probable that future economic benefits will flow to the company and the value of the asset can be reliably measured.Liabilities are recognised in the Financial Position when it is probable that future economic benefits will leave the company and the value of the liability can be reliably measured.On initial recognition, assets and liabilities are measured at cost price. Subsequently, assets and lia- bilities are measured as described for each individual accounting item below.Danish kroner is used as the measurement currency. Other currencies than Danish kroner are consid- ered foreign currencies.Leases For lease recognition, IFRS 16 is used as interpretation.The right-of-use asset and corresponding lease liability are recognised at the commencement date,i.e. the date the underlying asset is available for use. The lease terms may include options to extendor terminate the lease when it is reasonably certain that the option will be exercised.Right-of-use assets are measured at cost corresponding to the lease liability recognised, adjusted for any lease incentives received and initial direct costs. Depreciation is calculated using the straight-line method over the lease term or the useful life of the right-of-use assets, whichever is shortest. The variable lease payments that do not depend on index or a rate are recognised as ex- pense in the year the event or condition that triggers the payment occurs. For all classes of assets, non-lease components will be separated from the lease components and thereby not form part of the right-of-use asset and financial lease liability recognised in the Financial Position.Foreign currency translationTransactions in foreign currency are translated using the exchange rate on the day of the transaction. Gains and losses that arise due to differences between the exchange rate on the day of the transac- tion and the exchange rate on the day of payment are recognised in the Statement of Profit or Loss as financial items.Receivables, liabilities and other monetary items in foreign currency that are not settled on the bal- ance sheet date are translated at the balance sheet date rate. Differences between the rate on the balance sheet date and the rate on the transaction date are recognised in the Statement of Profit or Loss as financial items.Statement of Profit or LossThe company has chosen to summarise certain items in the Profit or Loss in accordance with the provisions of Section 32 of the Danish Financial Statements Act.Revenue Revenue from contracts with customers is recognised based on transfer of control, which according to IFRS 15 occurs over time when control of the service provided passes to the customer.Control is considered transferred when:-there is a binding sales agreement,-delivery has taken place before the end of the financial year,-the selling price has been determined and the payment has been received or can reasonably beexpected to be received.LEGO Security Billund ApS recognises revenue from the provision of services over time because the customer simultaneously receives and consumes the benefits the company provides, i.e. control is transferred over time. Service is billed monthly.The revenue is recognised exclusive of VAT and with the deduction of discounts in connection with the sale.Other external expensesOther external expenses include expenses related to premises, office staff, administration, car ex- penses etc.Employee expenses Employee expenses include wages and salaries, pension and other social security contributions.Depreciation and impairmentDepreciation and impairment include the year's depreciation and write-downs of leased tangible fixed assets. Depreciation is calculated on a straight-line basis over the expected lifetime which is normally 4 years.Financial income and expenses Financial items comprise interest income and expenses, realised and unrealised gains and losses on payables/receivables and other transactions in foreign currencies.Income tax expensesThe tax expenses for the year comprise income tax and deferred tax for the year.The income and deferred taxes are recognised in the Statement of Profit or Loss, except to the extent that they relate to items recognised in Statement of Changes in Equity. In this case, the tax is recog-nised in equity.All Danish entities in the LEGO Group are taxed jointly. The current Danish corporation tax is distrib- uted among the jointly taxed companies in relation to their taxable income (full distribution with re- funds regarding tax-related deficits).Statement of Financial Position Receivables Receivables are measured at amortised cost price or a lower net realisable value, which here corre- sponds to nominal value less write-downs to cover losses. Write-downs for losses are calculated based on an individual assessment of the individual receivables.Balances in the group cash pool scheme are not shown as cash at banks but are included in receiva- bles from related companies.PrepaymentsPrepayments, recognised under assets, include prepaid costs relating to subsequent years, including insurance and service agreements.Deferred taxDeferred tax is measured according to balance sheet liabilities method, which means that all tem- porary differences between the carrying amount and the tax base of assets and liabilities are recog-nised in the Financial Position as deferred tax liabilities and deferred tax assets. Deferred tax reflects the effect of any temporary differences. To the extent calculated deferred tax is positive, this is rec- ognised in the Statement of Financial Position as a deferred tax asset at the expected realisable value. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. Deferred tax is measured according to income tax rules and the tax rates expected to be in force on elimination of temporary differences. The change in deferred tax as a result of changes in tax rates is recognised in the Statement of Profit or Loss. Changes to deferred tax on items in equity are recognised in equity.Current tax receivables and liabilitiesCurrent tax receivables and liabilities are recognised in the balance sheet with the amount that can be calculated based on the year's expected taxable income adjusted for tax on previous years' taxa- ble income.Financial Liabilities Debt liabilities are measured at amortised costs, which essentially corresponds to nominal value.EquityProposed dividend Dividend proposed for the year is recognised as a liability once adopted at the annual general meeting (declaration date). Dividends expected to be distributed for the financial year are pre-sented as a separate item. true true Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2023-01-01 2023-12-31 2022-01-01 2022-12-31 2024-04-25 Reporting class B 54562713 2024-04-25 33771231 Strandvejen 44 2900 Hellerup Opinion Basis for Opinion 2024-04-25 33771231