31269741 2016-01-01 2016-12-31 31269741 2015-01-01 2015-12-31 31269741 2016-12-31 31269741 2015-12-31 31269741 2016-01-01 2016-12-31 0 31269741 2016-01-01 2016-12-31 1 31269741 2016-01-01 2016-12-31 2 31269741 2016-01-01 2016-12-31 3 31269741 2016-01-01 2016-12-31 fsa:RetainedEarningsMember 31269741 2015-01-01 2015-12-31 fsa:RetainedEarningsMember iso4217:DKK shares pure 2017-07-06 Martina Pietersen København 2017-07-06 Ingen bistand Regnskabsklasse B false Årsrapport 31269741 Scanditrade 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 Scanditrade 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 Danish kroner. 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. 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. Other external expensesOther external expenses include costs for sales, advertising, administration, premises, bad debts, rental expenses under operating leases, 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. Payables Financial liabilities are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent periods, financial liabilities are measured at amortised cost, corresponding to the capitalised value using the effective interest method, so that the difference between proceeds and nominal value is recognised in the income statement over the life of the financial instrument(s). Other payables, comprising trade payables and amounts owed to Group enterprises and associates and other accounts payable, are measured at amortised cost, which normally corresponds to the nominal value. 80783 11969 68814 68814 1 Equity Contributed capital 10.000 010.000 Retained earnings -351.379 68.814-282.565 -341.379 68.814-272.565 -1718000 14000 -1732000 -1732000 2308225 2308225 307506 2615731 2615731 10000 -282565 -272565 2888296 2888296 2888296 2615731 1141000 1141000 30000 1171000 1171000 10000 0 10000 1161000 1161000 1161000 1171000 Formand Næstformand Medarbejdervalgt 68814 -1732000