42546917 2023-01-01 2023-12-31 42546917 2023-01-01 2023-12-31 2 42546917 2022-01-01 2022-12-31 42546917 2023-12-31 42546917 2022-12-31 42546917 2021-12-31 fsa:ContributedCapitalMember 42546917 2022-01-01 2022-12-31 fsa:ContributedCapitalMember 42546917 2022-12-31 fsa:ContributedCapitalMember 42546917 2021-12-31 fsa:RetainedEarningsMember 42546917 2022-01-01 2022-12-31 fsa:RetainedEarningsMember 42546917 2022-12-31 fsa:RetainedEarningsMember 42546917 2021-12-31 42546917 2023-01-01 2023-12-31 fsa:ContributedCapitalMember 42546917 2023-12-31 fsa:ContributedCapitalMember 42546917 2023-01-01 2023-12-31 fsa:RetainedEarningsMember 42546917 2023-12-31 fsa:RetainedEarningsMember 42546917 2023-01-01 2023-12-31 1 42546917 2023-01-01 2023-12-31 1 42546917 2023-01-01 2023-12-31 1 42546917 2023-01-01 2023-12-31 2 42546917 2023-01-01 2023-12-31 3 42546917 2023-01-01 2023-12-31 4 xbrli:pure iso4217:DKK 42546917 Anne Nord Innargi Project I GP ApS Lyngby Hovedgade 85 2800 Kongens Lyngby www.innargi.com PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Management review The objective of the company is to act as general partner in Innargi Project I P/S, including activities related to this position. RESULT FOR THE YEAR Net loss for the year amounted to DKK 37,515 (DKK 19,443). The result for the year reflects the development in the activities. The result for the year is proposed distributed to retained earnings. No dividend is proposed for 2023. As of 31 December 2023, the equity amounted to DKK 2,900 (DKK 40,415). EVENTS AFTER THE BALANCE SHEET DATE Subsequent to 31 December 2023, a capital contribution of DKK 250,000 was received from the sole shareholder. 6062 4478 44683 23565 -38621 -19087 1134 60 48 405 -37535 -19432 -20 11 -37515 -19443 -37515 -19443 6062 4478 22 0 6084 4478 31976 57749 38060 62227 38060 62227 40000 40000 -37100 415 2900 40415 35160 21812 35160 21812 35160 21812 38060 62227 40000 -10142 29858 0 -19443 0 30000 30000 40000 415 0 -37515 40000 -37100 Note 1: Other external expenses Apart from the Executive Board, Innargi Project I GP ApS has not had any employees in 2023. Note 2: Related parties The company has not entered into any transactions with related parties that were not on an arm’s length basis. The company is included in the consolidated financial statements of Innargi Holding A/S, Business Reg-istration No 40 56 96 42, Lyngby Hovedgade 85, DK-2800 Kongens Lyngby. Note 3: Contingent assets The value of tax losses carry forward amount to DKK 13 thousand as of 31 December 2023. The tax asset is not recognised in the balance sheet, as it is unknown when the company will be able to utilise the tax asset. Note 4: Contingent liabilities The company was included in national joint taxation with Danish companies in the A.P. Møller Holding group until 3 February 2022 and afterwards with companies in the Innargi Holding group. The company is jointly and severally liable for the payment of taxes and withholding tax. As general partner for Innargi Project I P/S, the company is liable for any claims against the limited partnership. Innargi Project I P/S has total assets of DKK 196 million and liabilities of DKK 74 million as of 31 December 2023. Note 5: Significant accounting policies The financial statements are presented in DKK. INCOME STATEMENT Revenue Revenue comprises fee received for acting as general partner and related activities. Other external expenses Other external expenses comprise expenses for administration, office supplies, etc. Other financial income and expenses Other financial items comprise interest, bank fees, currency adjustments etc. Tax Tax comprises an estimate of current and deferred income tax as well as adjustments to previous years of those. Tax is recognised in the income statement to the extent it arises from items recognised in the income statement. BALANCE SHEET Receivables Receivables are generally recognised at nominal value, substantially corresponding to amortised cost and impaired for expected losses. Impairment of receivables are based on the expected loss model as described in IFRS 9. Cash and bank balances Cash and bank balances comprise cash in bank deposits. Liabilities Other financial liabilities are measured at amortised cost, substantially corresponding to nominal value. true true Kongens Lyngby Lars Bjørn Heineke Samir Abboud Chairperson Michael Harboe-Jørgensen Lars Bjørn Heineke Lars Petersen Management’s statement The Executive Board and Board of Directors have today considered and adopted the Annual Report of Innargi Project I GP ApS for the financial year 1 January –31 December 2023. The Annual Report is prepared in accordance with the Danish Finan-cial Statements Act. In our opinion, the financial statements give a true and fair view of the financial position at 31 December 2023 of the company and of the results of the company’s operations for 2023. In our opinion, management review includes a true and fair account of the development in the operations and financial circumstances of the company, of the results for the year and of the financial position of the company as well as a description of the most significant risks and elements of uncertainty facing the company. We recommend that the Annual Report is adopted at the Annual General Meeting. OPINION In our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2023, and of the results of the Company’s operations for the financial year 1 Janu-ary - 31 December 2023 in accordance with the Danish Financial Statements Act. We have audited the Financial Statements of Innargi Project I GP ApS for the financial year 1 January - 31 December 2023, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting poli-cies (“financial statements”). BASIS FOR OPINION We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Den-mark. 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 Stand-ards Board for Accountants’ International Code of Ethics for Profes-sional Accountants (IESBA Code) and the additional 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 ob-tained is sufficient and appropriate to provide a basis for our opinion. STATEMENT ON MANAGEMENT REVIEW Management is responsible for Management’s Review. Our opinion on the financial statements does not cover Manage-ment’s Review, and we do not express any form of assurance con-clusion thereon. In connection with our audit of the financial statements, our responsi-bility is to read Management’s Review and, in doing so, consider whether Management’s Review is materially inconsistent with the fi-nancial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether Management’s Review provides the information required under the Danish Financial Statements Act. 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 accordance with the requirements of the Danish Finan-cial Statements Act. We did not identify any material misstatement in Management’s Review. MANAGEMENT’S RESPONSIBILITIES FOR THE FINANCIAL STATEMENTS Management is responsible for the preparation of Financial State-ments that give a true and fair view in accordance with the Danish Fi-nancial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial state-ments that are free from material misstatement, 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, dis-closing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial state-ments unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Independent Auditor’s Report To the shareholder of Innargi Project I GP ApS AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance about whether thefinancial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that in-cludes our opinion. Reasonable assurance is a high level of assur-ance, 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, individu-ally or in the aggregate, they could reasonably be expected to influ-ence the economic decisions of users taken on the basis of these fi-nancial statements. As part of an audit conducted in accordance with ISAs and the addi-tional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the au-dit. We also: • Identify and assess the risks of material misstatement of the fi-nancial 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 ba-sis for our opinion. The risk of not detecting a material misstate-ment resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omis-sions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclo-sures made by Management. • Conclude on the appropriateness of Management’s use of the going concern basis of accounting 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 uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclu-sions 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. • Evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and 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. Copenhagen PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Thomas Wraae Holm State Authorised Public Accountant mne30141 Henrik Kyhnauv State Authorised Public Accountant mne40028 Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2023-01-01 2023-12-31 2022-01-01 2022-12-31 2024-04-24 Reporting class B 2021-07-15 0 0 2024-04-24 33771231 Strandvejen 44 2900 Hellerup Opinion Basis for Opinion 2024-04-24 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab