xbrli:pureiso4217:DKK275067392022-01-012022-12-31275067392022-01-012022-12-311275067392022-01-012022-12-311275067392022-01-012022-12-311275067392022-01-012022-12-312275067392022-01-012022-12-313275067392022-01-012022-12-314275067392022-01-012022-12-312275067392022-01-012022-12-31275067392021-01-012021-12-31275067392022-01-012022-12-31fsa:RetainedEarningsMember275067392021-01-012021-12-31fsa:RetainedEarningsMember275067392022-01-012022-12-31fsa:RetainedEarningsMember275067392022-12-31275067392021-12-31275067392022-01-01fsa:ContributedCapitalMember275067392022-01-01fsa:RetainedEarningsMember275067392022-01-01275067392022-12-31fsa:ContributedCapitalMember275067392022-12-31fsa:RetainedEarningsMember275067392022-01-012022-12-31fsa:OtherShorttermPayablesMember2023-06-302023-06-30true339635562021-01-012021-12-31Aarhus C80002City Tower, VærkmestergadeDeloitte Statsautoriseret RevisionspartnerselskabAarhusÅbyhøj8230Regnskabsklasse BAndre erklæringer uden sikkerhed2022-12-312022-01-011<br /><br />16EgsagervejIntertec Wind A/S27506739339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportThe Board of Directors and the Executive Board have today considered and approved the annual report of Intertec Wind A/S for the financial year 01.01.2022 - 31.12.2022.The annual report is presented in accordance with the Danish Financial Statements Act.In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2022 and of the results of its operations for the financial year 01.01.2022 - 31.12.2022.We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.We consider the preconditions for not auditing the financial statements for the financial year 01.01.2022 - 31.12.2022 to be complied with.We recommend the annual report for adoption at the Annual General Meeting.AarhusErik MartinussenHenrik Steen JensenInge HinnerskovPeter NielsenErik MartinussenchairmanTo Management of Intertec Wind A/SWe have compiled the financial statements of Intertec Wind A/S for the financial year 01.01.2022 - 31.12.2022 based on the Entity’s bookkeeping records and other information Management has provided. ​ ​These financial statements comprise the income statement, balance sheet, statement of changes in equity, notes and a summary of significant accounting policies. ​ ​We performed this compilation engagement in accordance with ISRS 4410, Compilation Engagements. ​ ​We have applied our expertise in accounting and financial reporting to assist Management in the preparation ​and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Danish Public Accountants Act and 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. These financial statements and the accuracy and completeness of the information used to compile the financial ​statements are Management’s responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy ​or completeness of the disclosures Management provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion about whether the financial statements ​have been prepared in accordance with the Danish Financial Statements Act. AarhusMichael BachSøren Lassenmne19691mne18520State Authorised Public AccountantState Authorised Public AccountantPrimary activitiesThe Company's objective is to be engaged in the development and supply of wind farm projects and related activities.Development in activities and financesProfit for the year amounted to DKK 340k after which equity at 31 December 2022 is DKK 250k. 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.Uncertainty 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. ​ Events 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.-7308-2419342000145000-49308-16919338828913822014674270024324307-300997-154921344027339799-1645024339799-16450243397990000001463200014500000146320001450000069684681533884255288456753395393528892487494599868034887673952466803488767395246500000500000-250294-590093249706-90093500000-590093-90093500000-2502943618464050006315382962804583426950642757566778518167485339677851816748533968034887673952461 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.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. ​3 Staff costs2022 DKK2021 DKKAverage number of full-time employees00004 Other financial expenses2022 DKK2021 DKKFinancial expenses from group enterprises2,1551,261Other interest expenses12,51911,690Exchange rate adjustments0257,07314,674270,024<br />2022 DKK2021 DKKFinancial expenses from group enterprises2,1551,261Other interest expenses12,51911,690Exchange rate adjustments0257,07314,674270,0245 Tax on profit/loss for the year2022 DKK2021 DKKChange in deferred tax01,664,000Adjustment concerning previous years(15,492)0Refund in joint taxation arrangement0(319,973)(15,492)1,344,0276 Property, plant and equipmentOther fixtures and fittings, tools and equipment DKKCost beginning of year86,725Disposals(86,725)Cost end of year0Depreciation and impairment losses beginning of year(86,725)Reversal of impairment losses86,725Depreciation and impairment losses end of year0Carrying amount end of year07 Other receivablesOther receivables consist of receivables from previous group enterprises and associates.8 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.9 Contingent assetsThe Company has a total net tax asset based on tax losses carried forward with a tax value of DKK 1.411k, which is not recognized in the financial statements due to uncertainty about the possibility of utilization.10 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.11 Group relationsName and registered office of the Parent preparing consolidated financial statements for the smallest group: Majus ApS, Aarhus, CVR-nr. 70537311This 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.falseRecognition 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.Foreign currency translationOn initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Receivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the balance sheet date. Exchange differences that arise between the rate at the transaction date and the rate in effect at the payment date, or the rate at the balance sheet date, are recognised in the income statement as financial income or financial expenses. Gross profit or lossGross profit or loss comprises revenue, and production costs .Production 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.Other financial incomeOther financial income comprises interest income, including interest income on receivables from group enterprises, net capital gains on securities, payables and transactions in foreign currencies etc.Other 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.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.The Entity is jointly taxed with Majus ApS and all its other Danish subsidiaries. The current Danish income tax is allocated among the jointly taxed entities proportionally to their taxable income (full allocation with a refund concerning tax losses).Property, plant and equipmentOther fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses. Cost comprises the acquisition price, costs directly attributable to the acquisition and preparation costs of the asset until the time when it is ready to be put into operation. The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line depreciation is made on the basis of the following estimated useful lives of the assets:Useful life Other fixtures and fittings, tools and equipment3-5 yearsEstimated useful lives and residual values are reassessed annually. Items of property, plant and equipment are written down to the lower of recoverable amount and carrying amount.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.ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts.CashCash comprises bank deposits.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.2023-06-30Henrik Steen Jensen