272301992015-01-012015-12-31272301992015-01-012015-12-31Direktionsmedlem 1272301992015-01-012015-12-31Bestyrelsesmedlem 1272301992015-01-012015-12-31Bestyrelsesmedlem 2272301992015-01-012015-12-31Bestyrelsesmedlem 3272301992015-12-31272301992014-12-31272301992014-01-012014-12-31272301992015-01-012015-12-31fsa:CompletedDevelopmentProjectsMember272301992015-01-012015-12-31fsa:DevelopmentProjectsInProgressMember272301992014-01-012014-12-31fsa:DevelopmentProjectsInProgressMember272301992015-12-31fsa:CompletedDevelopmentProjectsMember272301992015-12-31fsa:DevelopmentProjectsInProgressMember272301992014-12-31fsa:DevelopmentProjectsInProgressMember272301992015-12-31fsa:FixturesFittingsToolsAndEquipmentMember272301992014-12-31fsa:FixturesFittingsToolsAndEquipmentMember272301992015-12-31fsa:LeaseholdImprovementsMember272301992014-12-31fsa:LeaseholdImprovementsMember272301992014-01-012014-12-31fsa:LeaseholdImprovementsMember272301992015-01-012015-12-31fsa:FixturesFittingsToolsAndEquipmentMember272301992015-01-012015-12-31fsa:LeaseholdImprovementsMember272301992015-12-31fsa:InvestmentsInGroupEnterprisesMember272301992014-12-31fsa:InvestmentsInGroupEnterprisesMember272301992015-12-31fsa:OtherReceivablesMember272301992014-12-31fsa:OtherReceivablesMember272301992014-01-012014-12-31fsa:OtherReceivablesMember272301992015-01-012015-12-31fsa:OtherReceivablesMember272301992015-01-012015-12-31fsa:InvestmentsInGroupEnterprisesMember272301992014-01-012014-12-31fsa:InvestmentsInGroupEnterprisesMember272301992014-01-012014-12-31fsa:ProposedDividendRecognisedInEquityMember272301992015-01-012015-12-31fsa:RetainedEarningsMember272301992014-01-012014-12-31fsa:RetainedEarningsMember272301992015-01-012015-12-31fsa:ReserveForNetRevaluationAccordingToEquityMethodMember272301992015-01-012015-12-31fsa:RetainedEarningsMember272301992014-01-012014-12-31fsa:RetainedEarningsMember272301992015-12-31fsa:ContributedCapitalMember272301992014-12-31fsa:ContributedCapitalMember272301992015-12-31fsa:RetainedEarningsMember272301992014-12-31fsa:RetainedEarningsMember272301992015-12-31Kapitalklasse 01272301992015-01-012015-12-31fsa:SubsidiaryMemberFA Dattervirksomhed 01272301992015-12-31fsa:SubsidiaryMemberFA Dattervirksomhed 01272301992015-12-31fsa:LongtermInvestmentsAndReceivablesMember272301992014-12-31fsa:LongtermInvestmentsAndReceivablesMember272301992015-12-31cmn:PreviousYearMemberfsa:ContributedCapitalMember272301992015-12-31cmn:FourYearsAgoMemberfsa:ContributedCapitalMember272301992015-01-012015-12-31cmn:FourYearsAgoMemberfsa:ContributedCapitalMember272301992015-12-31cmn:TwoYearsAgoMemberfsa:ContributedCapitalMember272301992015-12-31cmn:ThreeYearsAgoMemberfsa:ContributedCapitalMember272301992015-01-012015-12-31Revisionsvirksomhed 01272301992015-01-012015-12-31Revisor 01iso4217:DKKsharespureMB it-Consulting A/S is a leading Danish consulting firm in the area of HCM process consultancy and implementations in SAP HCM/SuccessFactors. With a sole focus on HCM, MB it-Consulting strives to be among the best and most trustworthy partners for our customers. The customer list primarily includes the largest Danish corporations, and MB it-Consulting has by its unique global experience conducted several global rollouts of global HCM processes for these companies. The foundation for this is secured by a global design principle as a guiding principle for implementations always starting with a global template. By utilizing offices in China, MB it-Consulting has established an efficient offshoring model as well as conducted several SAP HCM projects in China. Net income showed a shortfall of DKK 3,547 thousand, which is considered unsatisfactory. Equity amounts to DKK 533 thousand at 31.12.2015. No events have occurred after the balance sheet date to this date which would influence the evaluation of this annual report. Morten BjerregaardThe Board of Directors and the Executive Board have today considered and approved the annual report of MB it-Consulting A/S for the financial year 01.01.2015 - 31.12.2015. The annual report is presented in accordance with the Danish Financial Statements Act. We recommend the annual report for adoption at the Annual General Meeting. We believe that the management commentary contains a fair review of the affairs and conditions referred to therein. Henrik PuggaardMorten BjerregaardFlemming Pedersenchairman1162506167745653265870965135902187170590855411273461219387237664056891678896821162950010313713036636944611625024732844106405748852119232128672663900052510779935335375955530883625759312577011161332342626884114959640111662115805188376054070-394046-729111315468316847565-19167433686481-40828873675305-35466262689101This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class B enterprises with addition of certain provisions for reporting class C. Assets 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. The Company recognises its investments in MB IT Consulting China at equity value. In prior years, the recognition of equity value has been incorrect, and in accordance with Section 54 of the Danish Financial Statements Act, we have therefore adjusted the comparative figures in this year’s annual report to the correct values. This error also occurred in previous financial years and has therefore been adjusted in the present annual report as a fundamental error and adjusted in the comparative figures and in equity at the beginning of the year. The monetary effect of the adjustment is recognised directly in equity at 01.01.2015, and the comparative figures for the financial year for 2014 have been restated. Thus, the adjustment of the fundamental error has no impact on the income statement for the financial year 2015. Due to the fundamental error, the comparative figures have been restated. The adjustment of results has a negative impact on loss for the year of DKK 133k and has no impact on the calculated tax. The Company’s total assets are adjusted negatively by DKK 537k, and equity is adjusted negatively by DKK 537k.Intellectual property rights etc comprise development projects in progress with related intellectual property rights. Development projects on clearly defined and identifiable products and processes, for which the technical rate of utilisation, adequate resources and a potential future market or development opportunity in the enterprise can be established, and where the intention is to manufacture, market or apply the product or process in question, are recognised as intangible assets. Other development costs are recognised as costs in the income statement as incurred. The cost of development projects comprises costs such as salaries that costs that are directly and indirectly attributable to the development projects. 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: Completed development projects 5 years Development projects are written down to the lower of recoverable amount and carrying amount. Other fixtures and fittings, tools, equipment and leasehold improvements 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. For self-manufactured assets, cost comprises direct and indirect costs of materials, components, subsuppliers and labour costs. For assets held under finance leases, cost is the lower of the asset’s fair value and present value of future lease payments. 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: Other fixtures and fittings, tools, equipment and leasehold improvements 5 years Plant and equipment are written down to the lower of recoverable amount and carrying amount. Investments in group enterprises are recognised and measured according to the equity method. This means that investments are measured at the pro rata share of the enterprises’ equity plus or minus unamortised positive, or negative, goodwill and minus or plus unrealised intra-group profits or losses. Group enterprises with negative equity are measured at DKK 0, and any receivables from these enterprises are written down by the Parent’s share of such negative equity value if it is deemed irrecoverable. If the negative equity value exceeds the amount receivable, the remaining amount is recognised under provisions if the Parent has a legal or constructive obligation to cover the liabilities of the relevant enterprise. Upon distribution of profit or loss, net revaluation of investments in group enterprises is transferred to Reserve for net revaluation according to the equity method under equity. Investments in group enterprises are written down to the lower of recoverable amount and carrying amount. Receivables are measured at amortised cost, usually equalling nominal value less write-downs for bad and doubtful debts. Receivables are measured at amortised cost, usually equalling nominal value less write-downs for bad and doubtful debts. Deferred tax is recognised on all temporary differences between the carrying amount and tax-based value of assets and liabilities, for which the tax-based value of assets is calculated based on the planned use of each asset. Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets. Current tax payable or receivable is recognised in the balance sheet, stated as tax calculated on this year's taxable income, adjusted for prepaid tax. Prepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at cost.Cash comprises bank deposits. 1629500-1629500162950001629500-16295001629500074292415835415835-742920-74292-312698-2854692722974292890797890797116250247328-131078-890797-521351-21135224600-182694Other financial liabilities are measured at amortised cost, which usually corresponds to nominal value. Revenue from the sale of services is recognised in the income statement when delivery is made to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed. Other external expenses include expenses relating to the Entity’s ordinary activities, including expenses for premises, stationery and office supplies, marketing costs, etc. This item also includes write-downs of receivables recognised in current assets. Income from investments in group enterprises comprises the pro rata share of the individual enterprises’ profit/loss after full elimination of internal profits or losses. Other financial income comprises dividends etc received on other investments, interest income, including interest income on receivables from group enterprises, net capital gains on securities, payables and transactions in foreign currencies, amortisation of financial assets as well as tax relief under the Danish Tax Prepayment Scheme etc. Other financial expenses comprise interest expenses, including interest expenses on payables to group enterprises, net capital losses on securities, payables and transactions in foreign currencies, amortisation of financial liabilities as well as tax surcharge under the Danish Tax Prepayment Scheme etc. Tax 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 all 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). Staff costs comprise salaries and wages as well as social security contributions, pension contributions, etc for entity staff. Amortisation, depreciation and impairment losses relating to intangible assets and equipment comprise amortisation, depreciation and impairment losses for the financial year, calculated on the basis of the residual values and useful lives of the individual assets and impairment testing as well as gains and losses from the sale of intangible assets as well as equipment. -412778449000-573426872615252015-12-312015-01-012016-04-1227230199MB it-Consulting A/SSkanderborg2016-04-12Henrik PuggaardIn our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2015 and of the results of its operations for the financial year 01.01.2015 - 31.12.2015. 2016-04-12SkanderborgThe Company participates in a Danish joint taxation arrangement in which M. Bjerregaard Holding ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Company is therefore liable from 1 July 2012 for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed companies.The Company has registered the following shareholders as holding more than 5% of the voting share capital or more than 5% of the nominal value of the share capital: M. Bjerregaard Holding ApS, Skanderborg Medarbejderselskabet MBIT ApS, Skanderborg 33963556Deloitte Statsautoriseret RevisionspartnerselskabCity Tower, Værkmestergade 8000 Aarhus CDenmark89 41 41 4116295001031371303665908554112734615325995554625695000695000-1624014859625410000410000537595553088362208300224619725-3546626268910189283197772160134146971315531516567295769536261-9862041500000-35466261189101-35466262689101-15292-521351-150000024600-35466261189101695000695000-1624014859625272291629500Ordinary shares695695000Management 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. Our responsibility is to express an opinion on the financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing and additional requirements under Danish audit regulation. This requires that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatements of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Entity's preparation of financial statements that give a true and fair view 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 Entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by Management, as well as the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Our audit has not resulted in any qualification. In our opinion, the financial statements give a true and fair view of the Company’s financial position at 31.12.2015 and of the results of its operations for the financial year 01.01.2015 - 31.12.2015 in accordance with the Danish Financial Statements Act. Pursuant to the Danish Financial Statements Act, we have read the management commentary. We have not performed any further procedures in addition to the audit of the financial statements. On this basis, it is our opinion that the information provided in the management commentary is consistent with the financial statements. MB it-Consulting ChinaChinaA/S10039000-41000039000-410000Årsrapport1031371303661629500369446116250247328Regnskabsklasse BTo the owners of MB it-Consulting A/SWe have audited the financial statements of MB it-Consulting A/S for the financial year 01.01.2015 - 31.12.2015, which comprise the accounting policies, income statement, balance sheet, statement of changes in equity and notes. The financial statements are prepared in accordance with the Danish Financial Statements Act. 69500062500070000Aarhus2016-04-12695000695000695000-536643Adelgade618660Skanderborg33963556Deloitte Statsautoriseret RevisionspartnerselskabCity Tower, Værkmestergade28000Aarhus CKlaus Tvede-JensenState Authorised Public Accountant695695000On 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 one 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. Property, plant and equipment, intangible assets, inventories and other non-monetary assets that have been purchased in foreign currencies are translated using historical rates. RevisionspåtegningThe accounting policies applied for these financial statements are consistent with those applied last year.