Årsrapport34209936Grant Thornton, Statsautoriseret RevisionspartnerselskabStockholmsgade, 452100, København Ø2019-10-012020-09-302020-10-012021-09-3036728655AndStats ApSAurikelvej 20202000FrederiksbergGrant Thornton, Statsautoriseret Revisionspartnerselskab34209936Per Lundahlstatsautoriseret revisormne27832Stockholmsgade452100København ØDanmark+45 33 110 220info@dk.gt.com2021-12-13Edith Gabriela RavnRegnskabsklasse BAndre erklæringer uden sikkerhedRevisorgruppen DanmarkanpartshaverneKøbenhavn2021-12-13Frederiksberg2021-12-13151158517720007968621205000714723567000-79170803040253277000517560001104966638000245146141000859820497000113000111000746820387000320830320830320830234000463000300001940001619730150407057638065700018747941191000187479411910003515584250002802732227300028348152273000050000500002259869151300011300011100024228691674000239148960009240171874503000411946599000411946599000283481522730007945901203000227220007968621205000115175600051756000400000400000-79170-79170320830AndStats II ApSApSFrederiksberg1003208379175000050000500005000015130501126000746820387000-1022598691513000110600108000110600108000113000111000113000111000Today, the managing director has presented the annual report of AndStats ApS for the financial year 1 October 2020 - 30 September 2021. The annual report has been presented in accordance with the Danish Financial Statements Act. I consider the accounting policies appropriate and, in my opinion, the financial statements provide a fair presentation of the company’s assets, equity and liabilities, and financial position at 30 September 2021 and of the company’s results of activities in the financial year 1 October 2020 – 30 September 2021. The managing director consider the conditions for audit exemption of the 2020/21 financial statements to be met. I am of the opinion that the management commentary presents a fair account of the issues dealt with. We recommend that the annual report be approved by the general meeting. Edith Gabriela RavnWe have compiled the financial statements of AndStats ApS for the financial year 1 October 2020 - 30 September 2021 based on the company's bookkeeping and on further information provided by you. The financial statements comprise the accounting policies, income statement, statement of financial position, statement of changes in equity and notes. We performed this engagement in accordance with the international standard ISRS 4410 applying to compilation engagements. We have applied our professional expertise to assist you in the preparation and presentation of the financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant requirements of the Danish Act on Approved Auditors and Audit Firms and with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including principles of integrity, objectivity, professional competence and due care. The financial statements and the accuracy and completeness of the information used to compile them are your responsibility. As a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us in order to compile the financial statements. Accordingly, we express neither an audit opinion nor a review opinion as to whether the financial statements have been compiled in accordance with the Danish Financial Statements Act. The principal activities of the company The companys main purpose is consulting, development and other related activity. Unusual matters There has been no unusual matters in the financial year. Uncertainties about recognition or measurement There has been no uncertainty in recognition or measurement during the financial year. Development in activities and financial matters The gross profit for the year totals DKK 1.511.585 against DKK 1.772.000 last year. Income or loss from ordinary activities after tax totals DKK 859.820 against DKK 497.000 last year. The management considers the net profit for the year satisfactory. The annual report for AndStats ApS has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class B enterprises. Furthermore, the company has decided to comply with certain rules applying to reporting class C enterprises. The accounting policies are unchanged from last year, and the annual report is presented in DKK. Recognition and measurement in general Income is recognised in the income statement concurrently with its realisation, including the recognition of value adjustments of financial assets and liabilities. Likewise, all costs are recognised in the income statement, including depreciations amortisations, writedowns for impairment, provisions, and reversals due to changes in estimated amounts previously recognised in the income statement. Assets are recognised in the statement of financial position when it seems 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 statement of financial position when it is seems probable that future economic benefits will flow out of the company and the value of the liability can be reliably measured. Certain financial assets and liabilities are measured at amortised cost, allowing a constant effective interest rate to be recognised during the useful life of the asset or liability. Amortised cost is recognised as the original cost less any payments, plus/less accrued amortisations of the difference between cost and nominal amount. In this way, capital losses and gains are allocated over the useful life of the liability. Upon recognition and measurement, allowances are made for such predictable losses and risks which may arise prior to the presentation of the annual report and concern matters that exist on the reporting date. Gross profit Gross profit comprises the revenue, other operating income, and external costs. Revenue is recognised in the income statement if delivery and passing of risk to the buyer have taken place before the end of the year and if the income can be determined reliably and inflow is anticipated. Recognition of revenue is exclusive of VAT and taxes and less any discounts relating directly to sales. Other external costs comprise costs incurred for administration etc. Staff costs Staff costs include salaries and wages, including holiday allowances, pensions, and other social security costs, etc., for staff members. Staff costs are less government reimbursements. Net financials Net financials comprise interest, realised and unrealised capital gains and losses concerning financial assets and liabilities, amortisation of financial assets and liabilities, additions and reimbursements under the Danish tax prepayment scheme, etc. Financial income and expenses are recognised in the profit and loss account with the amounts that concerns the financial year. Interest and other costs concerning loans for financing the production of intangible and tangible fixed assets and concerning the production period are not recognised in the cost of the fixed asset. Tax on net profit or loss for the year Tax for the year comprises the current income tax for the year and changes in deferred tax and is recognised in the income statement with the share attributable to the net profit or loss for the year and directly in equity with the share attributable to entries directly in equity. The company is subject to Danish rules on compulsory joint taxation of Danish group enterprises. The company acts as an administration company in relation to the joint taxation. This means that the total Danish tax payable by the Danish consolidated companies is paid to the tax authorities by the company. The current Danish income tax is allocated among the jointly taxed companies proportional to their respective taxable income (full allocation with reimbursement of tax losses). Impairment loss relating to non-current assets If indications of impairment are disclosed, impairment tests are carried out for each individual asset or group of assets, respectively. Writedown for impairment is done to the recoverable amount if this value is lower than the carrying amount. The recoverable amount is the higher value of value in use and selling price less expected selling cost. The value in use is calculated as the present value of the expected net cash flows from the use of the asset or the asset group and expected net cash flows from the sale of the asset or the asset group after the end of their useful life. Previously recognised impairment losses are reversed when conditions for impairment no longer exist. Impairment relating to goodwill is not reversed. Equity investments in group enterprises Equity investments in group enterprises are recognised and measured by applying the equity method. The equity method is used as a measurement method. Equity investments in group enterprises are recognised in the statement of financial position at the proportionate share of the enterprise's equity value. This value is calculated in accordance with the parent's accounting policies with deductions or additions of unrealised intercompany gains and losses as well as with additions or deductions of the remaining value of positive or negative goodwill calculated in accordance with the acquisition method. Negative goodwill is recognised in the income statement at the time of acquisition of the equity investment. If the negative goodwill relates to contingent liabilities acquired, negative goodwill is not recognised until the contingent liabilities have been settled or lapsed. Equity investments in group enterprises with a negative equity value are measured at DKK 0, and any accounts receivable from these enterprises are written down to the extent that the account receivable is uncollectible. To the extent that the parent has a legal or constructive obligation to cover an negative balance that exceeds the account receivable, the remaining amount is recognised under provisions. To the extent the equity exceeds the cost, the net revaluation of equity investments in group enterprises transferred to the reserve under equity for net revaluation according to the equity method. Dividends from group enterprises expected to be adopted before the approval of this annual report are not subject to a limitation of the revaluation reserve. The reserve is adjusted by other equity movements in group enterprises. Newly acquired or newly established companies are recognised in the financial statement as of the time of acquisition. Sold or liquidated companies are recognised until the date of disposal. On the acquisition of enterprises, the acquisition method, the uniting-of-interests method or the book value method is applied, cf. the above description under Business combinations. Receivables Receivables are measured at amortised cost which usually corresponds to face value. In order to meet expected losses, they are written down for impairment to the net realisable value. Work in progress for the account of others Contract work in progress is measured at the selling price of the work performed, however with deduction of invoicing on account and expevted losses. The selling price is measured on the basis of the stage of completion on the balance sheet date and the total expected income from the individual contracts. The stage of completion is calculated as the share of costs incurred in proportion to the estimated total costs of the individual contract. When the sales value of a contract can not be determined reliably, the selling price is measured solely at the costs incurred, or at the net realisable value, if this is lower. Contracts are recognised as trade debtors if the selling price of the work performed exceeds invoicing on account and expected losses. Contracts are recognised as liabilities if invoicing on account and expected losses exceed the selling price. Costs in connection with sales work and the achievement of contracts are recognised in the profit and loss account when incurred. Securities and equity investments Securities and equity investments recognised as current assets are measured at fair value on the balance sheet date. Availabe funds Available funds comprise cash at bank and in hand. EquityDividend Dividend expected to be distributed for the year is recognised as a separate item under equity. Proposed dividend is recognised as a liability at the time of approval by the annual general meeting (time of declaration). Corporate tax and deferred tax As administration company, AndStats ApS is liable to the tax authorities for the subsidiaries' corporate income taxes. Current tax liabilities and current tax receivable are recognised in the statement of financial position as calculated tax on the taxable income for the year, adjusted for tax of previous years' taxable income and for tax paid on account. The company is jointly taxed with consolidated Danish companies. The current corporate income tax is distributed between the jointly taxed companies in proportion to their taxable income and with full distribution with reimbursement as to tax losses. The jointly taxed companies are comprised by the Danish tax prepayment scheme. Joint taxation contributions payable and receivable are recognised in the statement of financial position as ”Income tax receivable” or “Income tax payable”. Deferred tax is measured on the basis of temporary differences in assets and liabilities with a focus on the statement of financial position. Adjustments take place in relation to deferred tax concerning elimination of unrealised intercompany gains and losses. Deferred tax is measured based on the tax rules and tax rates applying under the legislation on the balance sheet date and prevailing when the deferred tax is expected to be released as current tax. Deferred tax is measured based on the tax rules and tax rates applying under the legislation on the balance sheet date and prevailing when the deferred tax is expected to be released as current tax. Liabilities Financial liabilities related to borrowings are recognised at the received proceeds with the deduction of transaction costs incurred. In following periods, the financial liabilities are recognised at amortised cost, corresponding to the capitalised value by use of the effective interest. The difference between the proceeds and the nominal value is recognised in the profit and loss account during the term of the loan. Other liabilities are measured at amortised cost which usually corresponds to the nominal value. 5. Disclosures on fair value Other listed securities Fair value at 30 September 2021 1.874.794 Change in fair value of the year recognised in the statement of financial activity 381.933 6. Contingencies Joint taxation The company acts as administration company for the group of companies subject to the Danish scheme of joint taxation and is unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, to pay the total corporation tax. TheThe company is unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, for any obligations to withhold tax on interest, royalties, and dividends. Any subsequent adjustments of corporate taxes or withholding taxes, etc., may result in changes in the company's liabilities. 367286552020-10-012021-09-30367286552019-10-012020-09-30367286552020-09-30367286552021-09-30367286552020-10-012021-09-301367286552020-10-012021-09-301367286552020-10-012021-09-30e:ProposedDividendRecognisedInEquityMember367286552019-10-012020-09-30e:ProposedDividendRecognisedInEquityMember367286552020-10-012021-09-30e:RetainedEarningsMember367286552019-10-012020-09-30e:RetainedEarningsMember367286552020-10-012021-09-30e:InvestmentsInGroupEnterprisesMember367286552019-10-012020-09-30e:InvestmentsInGroupEnterprisesMember367286552021-09-30e:InvestmentsInGroupEnterprisesMember367286552020-09-30e:InvestmentsInGroupEnterprisesMember367286552020-10-01e:ContributedCapitalMember367286552021-09-30e:ContributedCapitalMember367286552020-10-01e:RetainedEarningsMember367286552020-10-012021-09-30e:RetainedEarningsMember367286552021-09-30e:RetainedEarningsMember367286552020-10-01e:ProposedDividendRecognisedInEquityMember367286552020-10-012021-09-30e:ProposedDividendRecognisedInEquityMember367286552021-09-30e:ProposedDividendRecognisedInEquityMember367286552020-10-012021-09-30e:SubsidiaryMember1367286552021-09-30e:SubsidiaryMember1367286552019-10-01e:ContributedCapitalMember367286552020-09-30e:ContributedCapitalMember367286552019-10-01e:RetainedEarningsMember367286552019-10-012020-09-30e:RetainedEarningsMember367286552020-09-30e:RetainedEarningsMember367286552019-10-01e:ProposedDividendRecognisedInEquityMember367286552019-10-012020-09-30e:ProposedDividendRecognisedInEquityMember367286552020-09-30e:ProposedDividendRecognisedInEquityMemberiso4217:DKKxbrli:pure