Årsrapport14119299PKF Munkebo Vindelev, Statsautoriseret RevisionsaktieselskabHovedvejen, 562600, Glostrup2021-02-012021-12-3142073369Skycore Group Holding ApSSortedam Dossering 55,st.2100København Ø2021-02-01Lån & Spar BankHøjbro Plads9-111200København KPKF Munkebo Vindelev, Statsautoriseret Revisionsaktieselskab14119299Kasper VindelevStatsautoriseret revisormne29389Hovedvejen562600GlostrupDanmark43 96 06 56pkf@pkf.dk2022-04-21Pere Llimos MuntalRegnskabsklasse BAndre erklæringer uden sikkerhedRevisorgruppen DanmarkanpartshaverenGlostrup2022-04-21København Ø2022-04-21-5000-5000-5000-843-4157-4157400004000040000481284481284481284521284040000-4157358434804415000485441485441521284400004000040000Skycore ApSApSKøbenhavn Ø100-1672810-17128104000040000-4157-4157Today, the Executive Board has approved the annual report of Skycore Group Holding ApS for the financial year 1 February - 31 December 2021. The annual report has been prepared in accordance with the Danish Financial Statements Act. We consider the chosen accounting policy to be appropriate, and in our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2021 and of the results of the Company's operations for the financial year 1 February – 31 December 2021. The Executive Board consider the conditions for audit exemption of the 2021 financial statements to be met. Further, in our opinion, the Management's review gives a true and fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the Annual General Meeting. Pere Llimos MuntalDennis Øland LarsenWe have compiled the financial statements of Skycore Group Holding ApS for the financial year 1 February - 31 December 2021 based on the company's bookkeeping and on information you have provided. These financial statements comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes. We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), 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 requirements under the Danish Act on Approved Auditors and Audit Firms and 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 them are your responsibility. Since 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 to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with the Danish Financial Statements Act. 000000000000000The principal activities of the company The company's activity is investment in other entities. Development in activities and financial matters The gross loss for the year totals DKK -5.000. Income or loss from ordinary activities after tax totals DKK -4.000. Management considers the net profit or loss for the year satisfactory. Events occurring after the end of the financial year No events have occurred subsequent to the balance sheet date, which would have material impact on the financial position of the company. The annual report for Skycore Group Holding 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 annual report is presented in DKK. The annual report comprises the first financial year and hence comparative figures are not available. 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. Assets and liabilities are measured at cost at the initial recognition. Hereafter, assets and liabilities are measured as described below for each individual accounting item. 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 loss Gross loss comprises other external costs. Other external expenses comprise expenses incurred for administration. 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). Investments in subsidiaries Investments in subsidiaries arerecognised and measured at cost. If the recoverable amount is lower than the cost price, it shall be written down for impairment to this lower value. Cash and cash equivalents Cash and cash equivalents comprise cash at bank. Income tax and deferred tax As administration company, Skycore Group Holding 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. Deferred tax is measured on the basis of temporary differences in assets and liabilities with a focus on the statement of financial position. Deferred tax is measured at net realisable value. Deferred tax assets, including the tax value of tax losses allowed for carryforward, are recognised at the value at which they are expected to be realisable, either by settlement against tax of future earnings or by set-off in deferred tax liabilities within the same legal tax unit. Any deferred net tax assets are measured at net realisable value. Liabilities other than provisions Other liabilities concerning payables to group enterprises, and other payables are measured at amortised cost which usually corresponds to the nominal value. 4. 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. The liability relating to obligations in connection with withholding tax on dividends, interest, and royalties represents an estimated maximum of t.DKK 0. 420733692021-02-012021-12-31420733692021-12-31420733692021-02-012021-12-312420733692021-02-012021-12-311420733692021-02-012021-12-311420733692021-02-012021-12-31e:RetainedEarningsMember420733692021-02-01e:InvestmentsInGroupEnterprisesMember420733692021-12-31e:InvestmentsInGroupEnterprisesMember420733692021-02-01e:ContributedCapitalMember420733692021-12-31e:ContributedCapitalMember420733692021-02-012021-12-31e:RetainedEarningsMember420733692021-12-31e:RetainedEarningsMember420733692021-02-012021-12-31d:TwoYearsAgoMember420733692021-12-31d:TwoYearsAgoMember420733692021-02-012021-12-31d:ThreeYearsAgoMember420733692021-12-31d:ThreeYearsAgoMember420733692021-02-012021-12-31d:FourYearsAgoMember420733692021-12-31d:FourYearsAgoMember420733692021-02-012021-12-31e:SubsidiaryMember1420733692021-12-31e:SubsidiaryMember1iso4217:DKKxbrli:pure