xbrli:pureiso4217:DKK413195852021-01-012021-12-31413195852021-01-012021-12-311413195852021-01-012021-12-312413195852021-01-012021-12-313413195852020-04-272020-12-31413195852021-01-012021-12-31fsa:RetainedEarningsMember413195852020-04-272020-12-31fsa:RetainedEarningsMember413195852021-01-012021-12-31fsa:ContributedCapitalMember413195852021-01-012021-12-31fsa:RetainedEarningsMember413195852021-12-31413195852020-12-31413195852021-01-01fsa:ContributedCapitalMember413195852021-12-31fsa:ContributedCapitalMember413195852021-01-01fsa:RetainedEarningsMember413195852021-12-31fsa:RetainedEarningsMember413195852021-01-01Annual reportNo audit assistancefalseReporting class BfalsefalsefalseAIP Escalade Holding GP ApSRosenborggade1 B1130Copenhagen KDenmarkDK413195852020-04-27Copenhagen2021-01-012021-12-312020-04-272020-12-312022-04-29Klaus RisagerMartin Vering DalsagerKasper HansenJannick Prehn BrøndumAIP Escalade Holding GP ApSRosenborggade 1 B1130 Copenhagen K41319585The Executive Board has considered and approved the annual report of AIP Escalade Holding GP ApS for the financial year 1 January – 31 December 2021.<br/><br/>The Annual Report is prepared in accordance with the Danish Financial Statements Act. The company complies with the exemption provisions governing the omission to have its Financial Statements au-dited. <br/><br/>In our opinion, the Financial Statements give a true and fair view of the financial position at 31 De-cember 2021 of the Company and of the results of the Company operations for the financial year 1 January – 31 December 2021.<br/><br/>In our opinion, the Management review includes a true and fair account of the matter addressed in the review.<br/><br/>We recommend that the annual report be adopted at the Annual General Meeting.Copenhagen2022-04-29Primary activities<br/>The Company’s main activity is to act as general partner for AIP Escalade Holding K/S. <br/><br/>Development in activities and finances<br/>The Company’s Income Statement of the Financial year 1 January 2021 – 31 December 2021 shows a result of DKK 6,043 which is in line with the management’s expectations.<br/>This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class B enterprises with addition of elements from reporting class C enterprises. <br/><br/>Comparative figures<br/>In 2020, the company presented financial statements for the period 27/4 - 31/12 2020. The compar-ative figures for this period are used in the financial statements for 2021.<br/><br/>Changes to principal accounting policies <br/>No other changes to the principal accounting policies are applied in 2021.<br/><br/>Recognition and measurement<br/>Revenue is recognized in the income statement as it is earned, including value adjustments of finan-cial assets and liabilities measured at fair value or amortized costs. <br/><br/>In addition, expenses incurred to achieve the year’s earnings are recognized, including depreciation, write-downs, provisions, and reversals because of changed accounting estimates of amounts previ-ously recognized in the income statement.<br/><br/>Assets are recognized in the balance sheet when it is probable because of a prior event that future economic benefits will flow to the company, and the value of the asset can be measured reliably. Lia-bilities are recognized in the balance sheet when the company has a legal or constructive obligation because of a prior event, and it is probable that future economic benefits will flow out of the compa-ny, and the value of the liabilities can be measured. <br/><br/>At initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each accounting item below. <br/><br/>Recognition and measurements consider the gains, losses and risks that arise before the annual re-port is presented and which corroborates or invalidates conditions that existed at the balance sheet date. <br/><br/>Foreign currency translation <br/>Foreign currency transactions are translated at the exchange rate at the transaction date. Exchange rate differences arising between the exchange rate at the transaction date and the rate at the pay-ment date are recognizes in the income statement as a financial item. <br/><br/>Receivables, payables, and other monetary items in foreign currencies that have not been settled on the balance sheet date are translated at the exchange rate at the balance sheet date. The difference between the exchange rate at the balance sheet date and the exchange rate at the transaction date is recognized in the income statement as a financial item. Gross profit<br/>Gross profit is calculated with reference to §32 of the Danish Financial Statements Act as a summary of other external costs. <br/><br/>Other external costs <br/>Other external costs include costs for administration, etc. <br/><br/>Financial items<br/>Financial income and expenses include interest income and expenses, realized and unrealized gains and losses on debt and transactions in foreign currencies.<br/><br/>Tax<br/>Income taxes for the year, is recognized in the income statement with the part that can be attributed to the profit for the year.Cash and cash equivalents<br/>Cash comprises cash in bank deposits.<br/><br/>Equity<br/>Dividend distribution proposed by the management for the financial year are shown as a separate item under equity.<br/><br/>Other short-term payables<br/>Expenses with reference to the fiscal year are accrued for.<br/><br/>Current tax liabilities<br/>Current tax liabilities are recognized in the balance sheet as calculated tax on the taxable income for the year. Supplements and reimbursements under the tax advance scheme are recognized in the in-come statement under financial items.88941016711651102772990651686199460437071604370710604354814490655481449065548144906540000400001311470715311447071400004000070711311447071170019941700199454814490650Income taxes - 1,686<br/><br/>Total income taxes - 1,686The shares are not divided into classes.<br/><br/>The share capital of DKK 40,000 has been issued in shares corresponding to ownership interests.<br/>There have been no changes in the share capital since the foundation.The company is general partner to the companies AIP Escalade Holding K/S. The company is there-fore indebted indefinitely to the obligations of these limited partnerships.<br/><br/>The company has no contingent liabilities apart from the liabilities already recognized in the balance sheet.