38281429 2019-01-01 2019-12-31 38281429 2019-01-01 2019-12-31 0 38281429 2019-01-01 2019-12-31 0 38281429 2019-01-01 2019-12-31 1 38281429 2019-01-01 2019-12-31 2 38281429 2018-01-01 2018-12-31 38281429 2019-01-01 2019-12-31 fsa:RetainedEarningsMember 38281429 2018-01-01 2018-12-31 fsa:RetainedEarningsMember 38281429 2019-12-31 38281429 2018-12-31 iso4217:DKK xbrli:pure Regnskabsklasse B 2019-01-01 2019-12-31 AMG 44 A/S Esplanaden 50 DK-1263 Copenhagen K Denmark 38281429 Copenhagen 2016-12-13 3 Jacob Ramsgaard Nielsen 2020-06-08 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">MANAGEMENT’S REPORT</td></tr><tr><td colspan="1">Main Activity</td></tr><tr><td colspan="1">The Company has in 2019 changed name from Phoenix IV A/S to AMG 44 A/S but has otherwise been inactive in 2019. Main purpose of the Company is domestic and foreign shipping and transportation, trade and service as well as investments in non-current assets and financing activities.</td></tr><tr><td colspan="1">Development in activities and financials</td></tr><tr><td colspan="1">The financial result is as expected and is considered satisfactory. For 2020 a zero-result is estimated.</td></tr><tr><td colspan="1">Subsequent events</td></tr><tr><td colspan="1">Management has tried to estimate the effect of the COVID-19 outbreak and the measures taken by governments in most of the world to mitigate the impacts of the outbreak. With no activity, Managements estimates the impact on the Company’s financials not to be material.</td></tr><tr><td colspan="1">Reference is made to note 5 of the financial statements.</td></tr><tr><td colspan="1">No other subsequent events significantly influencing the financial year 2019 have taken place.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">MANAGEMENT’S 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">The Board of Directors and Management have today discussed and approved the annual report of AMG 44 A/S for the financial year 1 January - 31 December 2019.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The annual report for 2019 of AMG 44 A/S has been prepared in accordance with the Danish Financial Statements Act (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 colspan="1">In our opinion, the financial statements give a true and fair view of the Company's assets and liabilities, financial position at 31 December 2019 and of the results of the Company's operations for the financial year 1 January – 31 December 2019.</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">Furthermore, in our opinion, the Management’s report includes a fair review of the development in the Company's operations and financial conditions, the results for the year and financial position.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">In accordance with the Danish Financial Statements Act’s (Årsregnskabsloven) section 135 para 1, the Annual Report is not audited.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We recommend that the annual report be approved at the Annual General Meeting.</td></tr></table> Copenhagen 2020-06-08 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The annual report 2019 of AMG 44 A/S has been prepared in accordance with the provisions of the Danish Financial Statements Act (Årsregnskabsloven) applicable for class B companies.</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">Recognition and measurement in general</td></tr><tr><td colspan="1">Income is recognised in the income statement when earned. Furthermore, costs necessary for obtaining the income are recognised.</td></tr><tr><td colspan="1">Assets are recognised in the balance sheet when it is probable that future financial benefits will arrive at the Company and the value of the assets can be reliably measured.</td></tr><tr><td colspan="1">Liabilities are recognised in the balance sheet when it is probable that future financial benefits will leave the Company and the value of the liability can be reliably measured.</td></tr><tr><td colspan="1">Assets and liabilities are initially recognised at cost price. Subsequent recognition is described below for each category.</td></tr><tr><td colspan="1">The Company uses Danish kroner as functional currency as well as presentation currency. All other currencies are considered 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">Foreign currency translation</td></tr><tr><td colspan="1">Receivables, payables and other monetary items in foreign currency are translated to the exchange rate on the balance sheet date. The difference between the exchange rate on the balance sheet date and the time of recognition of receivables or payables are included in financial items 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">External costs</td></tr><tr><td colspan="1">External costs include administration and overhead costs, 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">Tax</td></tr><tr><td colspan="1">The Company is jointly taxed with A.P. Møller Holding A/S’ Danish subsidiaries. The actual company tax is allocated between the participating companies based on their taxable income.</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">Receivables</td></tr><tr><td colspan="1">Receivables are recognised at cost price corresponding to nominal value. Provisions for bad debt are made based on individual assessment.</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">Dividend</td></tr><tr><td colspan="1">Proposed dividend for the year is presented separately in 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 colspan="1">Provisions</td></tr><tr><td colspan="1">Provisions are recognised when the Company has a current legal constructive obligation. Provisions are recognised on the basis of best estimates.</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">Deferred tax</td></tr><tr><td colspan="1">Deferred tax is calculated based on the difference between carrying amount and tax value of assets and liabilities.</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">Payables</td></tr><tr><td colspan="1">Payables are recognised at amortised cost price corresponding to nominal value.</td></tr></table> 3000 -3000 0 -3000 <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" ></td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Other external costs</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Neither Management nor the Board of Directors have received remuneration. The Company has no employees.</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="4" align="left" valign="middle" ><b>Equity</b></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Amounts in DKK 1,000</td></tr><tr><td width="60%" ></td><td width="13%" colspan="1" align="right" valign="middle" >Company capital</td><td width="13%" colspan="1" align="right" valign="middle" >Retained earnings.</td><td width="14%" colspan="1" align="right" valign="middle" >Total</td></tr><tr><td colspan="4"></td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >.1 January 2019</td><td width="13%" align="right" valign="middle" >500</td><td width="13%" align="right" valign="middle" >-2</td><td width="14%" align="right" valign="middle" >498</td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >Result for the year</td><td width="13%" align="right" valign="middle" >0</td><td width="13%" align="right" valign="middle" >-3</td><td width="14%" align="right" valign="middle" >-3</td></tr><tr><td colspan="4"></td></tr><tr><td width="60%" colspan="1" align="left" valign="middle" >.31. december 2019</td><td width="13%" align="right" valign="middle" ><b>500</b></td><td width="13%" align="right" valign="middle" ><b>-5</b></td><td width="14%" align="right" valign="middle" ><b>495</b></td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >The share capital is divided into one share of DKK 500,000. Maersk Property A/S, Copenhagen holds the full share capital.</td></tr><tr><td colspan="4"></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" ><b>Contingent liabilities</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The Company is jointly taxed with other Danish companies in the A.P. Møller Holding A/S Group. The Company is together with the other companies in the joint taxation scheme jointly and severally liable for taxes payable, etc. in Denmark.</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="1" align="left" valign="middle" ><b>Related parties</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Maersk Property A/S has control over the Company. The Company is included in the consolidated accounts of A.P. Møller – Mærsk A/S as well as A.P. Møller Holding A/S. Related parties include all other companies in the A.P. Møller – Mærsk A/S Group.</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="1" align="left" valign="middle" ><b>Subsequent events</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The implications of COVID-19 with many governments across the world deciding to ”close down their countries” will have great impact on the global economy. Management considers the implications of COVID-19 a subsequent event occurred after the balance sheet date (31 December 2019), which is therefore a non-adjusting event to the Company.</td></tr></table> Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2018-01-01 2018-12-31 Ingen bistand 0.000 Andreas Sørensen Caroline Pontoppidan chairman Mette Christensen Michael Villi Møller 0 0 0 0 -3000 0 495000 495000 495000 495000 500000 -5000 495000 0 0 0 495000 499000 499000 499000 499000 500000 -2000 498000 1000 1000 1000 499000