275067392024-01-012024-12-31275067392024-01-012024-12-311275067392024-01-012024-12-311275067392024-01-012024-12-312275067392024-01-012024-12-313275067392024-01-012024-12-314275067392024-01-012024-12-311275067392024-12-31275067392023-12-31fsa:ContributedCapitalMember275067392023-12-31fsa:RetainedEarningsMember275067392023-12-31275067392024-01-012024-12-31fsa:RetainedEarningsMember275067392024-12-31fsa:ContributedCapitalMember275067392024-12-31fsa:RetainedEarningsMember275067392024-01-012024-12-31fsa:OtherShorttermPayablesMember275067392023-01-012023-12-31iso4217:DKKThe Board of Directors and the Executive Board have today considered and approved the annual report of Intertec Wind A/S for the financial year 01.01.2024 - 31.12.2024.-12809016-26271The annual report is presented in accordance with the Danish Financial Statements Act.22918093500In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2024 and of the results of its operations for the financial year 01.01.2024 - 31.12.2024.-13038196-119771We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.543105158860We recommend the annual report for adoption at the Annual General Meeting.11678127497Aarhus-12506769-88408Erik Martinussen-2783710Henrik Steen Jensen-12228398-88408chairman-12228398-88408Inge HinnerskovPeter Nielsen1463200014632000Erik Martinussen1463200014632000To the shareholders of Intertec Wind A/S04691We have performed an extended review of the financial statements of Intertec Wind A/S for the ​financial year 01.01.2024 - 31.12.2024, which comprise the income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. ​Based on our extended review, in our opinion, the financial statements give a true and fair view of the Entity’s ​financial position at 31.12.2024 and of the results of its operations for the financial year 01.01.2024 - 31.12.2024 in accordance with the Danish Financial Statements Act.4147563653512151We conducted our extended review in accordance with the assurance engagement standard for small enterprises as issued by the Danish Business Authority and the standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act as issued by FSR - Danish Auditors. Our responsibilities under those standards and requirements are further described in the ”Auditor’s responsibilities for the extended review of the financial statements” section. We are independent of the Entity in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional 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 evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion.2765650 The company has lost more than 50 % of the share capital, which is why it is subject to the laws for capital losses. Management expects to re-establish share capital through expected profits on investment in development projects within wind energy.4175220153516842Management 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 determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, Management is responsible for assessing the Entity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting unless Management either intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so.327858197Our responsibility is to express a conclusion on the financial statements. This requires that we plan and ​perform procedures to obtain limited assurance about our conclusion on the financial statements and that ​we also perform specifically required supplementary procedures for the purpose of obtaining additional assurance about our conclusion.​​An extended review consists of making inquiries, primarily of Management and, if appropriate, of other entity ​personnel, performing analytical and the specifically required supplementary procedures as well as evaluating ​the evidence obtained.​​The procedures performed in an extended review are less in scope than in an audit, and accordingly we do ​not express an audit opinion on the financial statements.56416986681570395641698668157039Management is responsible for the management commentary. Our conclusion on the financial statements does not cover the management commentary, and we do not express any form of assurance conclusion thereon. In connection with our extended review of the financial statements our responsibility is to read the management commentary and, in doing so, consider whether the management commentary is materially inconsistent with the financial statements or our knowledge obtained in the extended review or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether the management commentary provides the information required by relevant law and regulations.Based on the work we have performed, we conclude that the management commentary is in accordance with financial statements and has been prepared in accordance with the requirements in the relevant law and regulations. We did not identify any material misstatement of the management commentary.500000500000-12567100-338702Aarhus-12067100161298Michael Bach364000356000mne196916389073663375852State Authorised Public Accountant42293504263889Primary activitiesThe Company's objective is to be engaged in the development and supply of wind farm projects and related activities.6848408667995741Development in activities and financesThe result for the year amounts to t.DKK -12,228 which is unsatisfactory. The result for the year is due to impairment of Italian wind projects. Equity is re-established either by earning or converting debt to the parent company into equity. The management expects for the financial year 2025 the company to generate a loss of t.DKK 100 - 300. The company has lost more than 50 % of the share capital, which is why it is subject to the laws for capital losses. Management expects to re-establish share capital through expected profits on investment in development projects within wind energy.6848408667995741Uncertainty relating to recognition and measurementRecognition and measurement of the Company's assets held for sale as well as other receivables relating to the Company's investment in development projects within wind energy are subject to uncertainty. The repayment depends on one or more of the underlying wind project being realised at a profit, which Management considers realistic based on the agreements concluded, authority approvals and permissions obtained as well as the general progress of the projects. Management is obviously aware of the long-term time perspectives in projects of this kind. 5641698668157039Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.500000This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class B enterprises with addition of a few provisions for reporting class C.The accounting policies applied to these financial statements are consistent with those applied last year.-338702Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Entity, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the value of the liability can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item. Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement. Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year.Gross profit or lossGross profit or loss comprises revenue and production costs.-12228398Production costsProduction costs comprise expenses incurred to earn revenue for the financial year. Production costs comprise direct and indirect costs for raw materials and consumables, wages and salaries included in the production process.Administrative expensesAdministrative expenses comprise expenses incurred for the Entity’s administrative functions, including wages and salaries for administrative staff and Management, stationery and office supplies. 500000Other financial incomeOther financial income comprises interest income, including interest income on receivables from group enterprises, net capital or exchange gains on securities, payables and transactions in foreign currencies etc.-12567100Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group ​enterprises, net capital or exchange losses on securities, payables and transactions in foreign currencies, as well as tax surcharge under the Danish Tax Prepayment Scheme etc.1 Material uncertainty related to going concern The company has lost more than 50 % of the share capital, which is why it is subject to the laws for capital losses. Management expects to re-establish share capital through expected profits on investment in development projects within wind energy.Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity.2 Uncertainty relating to recognition and measurement Recognition and measurement of the Company's assets held for sale as well as other receivables relating to the Company's investment in development projects within wind energy are subject to uncertainty. The repayment depends on one or more of the underlying wind project being realised at a profit, which Management considers realistic based on the agreements concluded, authority approvals and permissions obtained as well as the general progress of the projects. Management is obviously aware of the long-term time perspectives in projects of this kind. Assets held for saleAssets held for sale are assets that are no longer in use and have been put up for sale. The assets are measured at the lower of carrying amount at the date of reclassification and net realisable value, and no amortisation or depreciation is made.3 Other financial income 2024 DKK2023 DKKOther interest income99158,860Exchange rate adjustments543,0060543,105158,860ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts.4 Other financial expenses2024 DKK2023 DKKOther interest expenses11,67811,420Exchange rate adjustments0116,07711,678127,497Joint taxation contributions receivable or payableCurrent joint taxation contributions payable or joint taxation contributions receivable are recognised in the balance sheet, calculated as tax computed on the taxable income for the year, which has been adjusted for prepaid tax. For tax losses, joint taxation contributions receivable are only recognised if such losses are expected to be used under the joint taxation arrangement.5 Tax on profit/loss for the year2024 DKK2023 DKKAdjustment concerning previous years(1,806)0Refund in joint taxation arrangement(276,565)0(278,371)0CashCash comprises cash in hand and bank deposits.6 Other payablesThe company has received venture capital to co-finance specific wind farm projects in subsidiaries. The loan shall only be repaid if the wind farm projects in subsidiaries are realised at a profit.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.7 EmployeesThe Entity has no employees other than the Executive Board. Væsentlig usikkerhed vedr. fortsat drift8 Contingent liabilitiesThe Entity participates in a Danish joint taxation arrangement where Majus ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc. for the jointly taxed entities, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.true9 Group relationsName and registered office of the Parent preparing consolidated financial statements for the smallest group: Majus ApS, Aarhus, CVR-nr. 70537311Grundlag for konklusionKonklusion2025-07-072025-07-07true339635562023-01-012023-12-31Aarhus C80002City Tower, VærkmestergadeDeloitte Statsautoriseret RevisionspartnerselskabAarhusÅbyhøj8230Regnskabsklasse BErklæring om udvidet gennemgang2024-12-312024-01-01116EgsagervejIntertec Wind A/S27506739339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapport2025-07-07Henrik Steen Jensen