34694583 2016-01-01 2016-12-31 34694583 2015-01-01 2015-12-31 34694583 2016-12-31 34694583 2015-12-31 34694583 2016-01-01 2016-12-31 0 34694583 2016-01-01 2016-12-31 1 34694583 2016-01-01 2016-12-31 2 34694583 2016-01-01 2016-12-31 3 34694583 2016-01-01 2016-12-31 4 34694583 2016-01-01 2016-12-31 fsa:RetainedEarningsMember 34694583 2015-01-01 2015-12-31 fsa:RetainedEarningsMember iso4217:EUR shares pure 2017-04-25 Edita Bajornité København 2017-04-25 Ingen bistand Regnskabsklasse B false Årsrapport 34694583 Amrum Shipping K/S Stamholmen 153 2650 Hvidovre 2016-01-01 2016-12-31 2015-01-01 2015-12-31 Kvist Revision,Godkendt Revisionsvirksomhed Stamholmen 153 2650 Hvidovre The Annual Report has been prepared in conformity with the Financial Statements Act. The unaudited Annual Report has been prepared in conformity with the Financial Statements Act. The Executive Board considers the conditions for not performing an audit to have been met. In my opinion, the financial statements give a true and fair view of the Company's assets, equity, liabilities and financial position at 31. december 2016 and of its financial performance for the period 1. januar - 31. december 2016. We recommend that the Annual Report be approved by the Annual General Meeting. GENERAL INFORMATIONThe financial statements of Amrum Shipping K/S for the financial year 2016 have been prepared in conformity with the provisions of the Financial Statements Act on class B enterprises. The accounting policies applied in the financial statements are consistent with those of the previous year. The reporting currency is euro. Recognition and measurement in general The financial statements have been prepared under the historical cost convention. Income is recognised in the income statement when earned. Value adjustments of financial assets and liabilities measured at fair value or amortised cost are also recognised in the income statement. Costs incurred to generate the earnings for the year are also recognised in the income statement, including amortisation, depreciation, impairment losses and provisions as well as reversals resulting from changed accounting estimates of amounts previously recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future financial benefits will flow to the Company and it is possible to obtain a reliable measurement of the individual assets. Liabilities are recognised in the balance sheet when it is probable that future financial benefits will flow from the Company and it is possible to obtain a reliable measurement of the individual liabilities. On initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item. Anticipated losses and risks arising before the presentation of the financial statements and confirming or disconfirming facts and circumstances known at the reporting date are taken into consideration at recognition and measurement. The functional currency used is euro. All other currencies are considered foreign currencies. INCOME STATEMENT General informationCertain income and expenses have been aggregated in the item designated 'Gross profit' with reference to section 32 of the Financial Statements Act.Gross profitGross profit is a combination of the items of 'Revenue', 'Change in inventories of finished goods, work in progress and goods for resale', 'Other operating income', 'Cost of raw materials and consumables' and 'Other external costs'. Administrative expenses Administrative expenses include expenses for Management and administrative staff, office expenses, amortisation and depreciation, etc. Financial income and expensesFinancial income and expenses are recognised in the income statement based on the amounts which relate to the financial year. Financial income and expenses include interest revenue and expenses, finance charges in respect of finance leases, realised and unrealised capital gains and losses on securities, accounts payable and transactions in foreign currencies, repayment on mortgage loans, and surcharges and allowances under the tax prepayment scheme. Dividends from other equity investments are recognised as income in the financial year in which the dividends are declared. BALANCE SHEET ReceivablesReceivables are measured at amortised cost, which normally corresponds to the nominal value. The value is reduced by an allowance for expected impairment losses. Impairment of accounts receivable past due is established on individual assessment of receivables. -106 1284 2950 -1772 -1772 1 Principal activity of the Company 2 Equity Contributed capital 10.000 010.000 Retained earnings 1.772 -1.7720 11.772 -1.77210.000 3 Charges and securities 4 Related parties 3000 0 2000 1000 1000 10000 0 10000 0 10000 10000 10000 0 10000 0 0 0 10000 9000 1000 10000 3000 13000 13000 10000 2000 12000 1000 1000 1000 13000 Anna Sindere Formand Næstformand Medarbejdervalgt -1772 1000