360748412018-07-012019-06-30360748412018-07-012019-06-30Direktionsmedlem 01360748412019-06-30360748412018-06-30360748412017-07-012018-06-30360748412019-06-30fsa:FixturesFittingsToolsAndEquipmentMember360748412018-06-30fsa:FixturesFittingsToolsAndEquipmentMember360748412019-06-30fsa:LeaseholdImprovementsMember360748412018-06-30fsa:LeaseholdImprovementsMember360748412018-07-012019-06-30fsa:LeaseholdImprovementsMember360748412017-07-012018-06-30fsa:LeaseholdImprovementsMember360748412018-07-012019-06-30fsa:RetainedEarningsMember360748412017-07-012018-06-30fsa:RetainedEarningsMember360748412018-07-012019-06-30fsa:RetainedEarningsMember360748412017-07-012018-06-30fsa:RetainedEarningsMember360748412019-06-30fsa:ContributedCapitalMember360748412018-06-30fsa:ContributedCapitalMember360748412019-06-30fsa:RetainedEarningsMember360748412018-06-30fsa:RetainedEarningsMember360748412018-07-012019-06-30Revisionsvirksomhed 01360748412019-06-30fsa:DepositsLongtermInvestmentsAndReceivablesMember360748412018-06-30fsa:DepositsLongtermInvestmentsAndReceivablesMember360748412018-07-012019-06-30fsa:DepositsLongtermInvestmentsAndReceivablesMember360748412017-07-012018-06-30fsa:DepositsLongtermInvestmentsAndReceivablesMember360748412018-07-012019-06-30Revisionsvirksomhed 01 - Revisor 01iso4217:DKKpureThe company’s primary activity is to operate with trade and service as well as related activities.The income statement for the financial year 2018/19 shows a profit of t.DKK 125.No events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.Jacob Gudmund OlsenThe Executive Board have today considered and approved the annual report of GUBI Retail ApS for the financial year 01.07.2018 - 30.06.2019.The annual report is presented in accordance with the Danish Financial Statements Act.I recommend the annual report for adoption at the Annual General Meeting.I believe that the management commentary contains a fair review of the affairs and conditions referred to therein.511094502000815975192978487000139244078100030371172049000635724781000240139312680006062561000640052180008159755377923800020200012744270001175725289041667000137617513870004418286449728000210722252000449523400017123041174000204348-137000159396-1710001279438107100045329260007563110002108749000Assets 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.Plant and machinery as well as other fixtures and fittings, tools and equipment 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. 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 and equipment 3-5 years Leasehold improvements 5 years For leasehold improvements and assets subject to finance leases, the depreciation period cannot exceed the contract period. Estimated useful lives and residual values are reassessed annually. Items of property, plant and equipment are written down to the lower of recoverable amount and carrying amount. Inventories are measured at the lower of cost using the FIFO method and net realisable value. Cost consists of purchase price plus delivery costs. Cost of manufactured goods and work in progress consists of costs of raw materials, con sumables, direct labour costs and indirect production costs. The net realisable value of inventories is calculated as the estimated selling price less completion costs and costs incurred to execute sale.Receivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts.Deferred tax is recognised on all temporary differences between the carrying amount and the tax-based value of assets and liabilities, for which the tax-based value is calculated based on the planned use of each asset or the planned settlement of each liability. 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 joint taxation contributions receivable or joint taxation contributions payable are recognised in the balance sheet, calculated as tax computed on the taxable income of the year, which has been adjusted for prepaid tax. For tax losses, joint taxation contributions receivable are only recognised if such losses are expected to be used under the joint taxation arrangement.Prepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at cost.Cash comprises cash in hand and bank deposits.6062561000771334771000-707329-553000154539Other financial liabilities are measured at amortised cost, which usually corresponds to nominal value.Revenue from the sale of manufactured goods and goods for resale is recognised in the income statement when delivery is made and risk has passed to the buyer. 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 writedowns of receivables recognised in current assets.Cost of sales comprises goods consumed in the financial year measured at cost, adjusted for ordinary inventory writedowns.Other financial expenses comprise interest expenses, including interest expenses on payables to group enterprises, net capital or exchange 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 group enterprises. 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.Depreciation, amortisation and impairment losses relating to property, plant and equipment and intangible assets comprise depreciation, amortisation and impairment losses for the financial year, as well as gains and losses from the sale of intangible assets as well as property, plant and equipment. 63075877000380582700033328-4000010002000810963126100033127442700036074841GUBI Retail ApSKøbenhavn2019-09-30Jacob Gudmund OlsenIn my opinion, the financial statements give a true and fair view of the Entity’s financial position at 30.06.2019 and of the results of its operations for the financial year 01.07.2018 - 30.06.2019.2019-09-30CopenhagenGross profit or loss comprises revenue, cost of consumables and external expenses. The Entity participates in a Danish joint taxation arrangement where AX V Gubi Holding III ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore secondarily liable for income taxes etc for the jointly taxed entities, which is limited to the equity interest by which the entity participates in the Group, as well as secondarily liable for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.33963556Deloitte Statsautoriseret RevisionspartnerselskabWeidekampsgade Postboks 16000900 København C1246302790003037117204900048621336100080000800004062132810002200021000220002100025289041667000125068-1330001353417115700015453915400034328-38000125068-133000125068-133000125068-1330008000080000406213281000Prepayments received from customers comprise amounts received from customers prior to delivery of the goods agreed or completion of the service agreed.Årsrapport606256100064005218000Regnskabsklasse BCopenhagen2019-09-30Møntergade19, st.1116København KWeidekampsgadePostboks 160060900København CWe have compiled the financial statements of GUBI Retail ApS for the financial year 01.07.2018 - 30.06.2019 based on the Entity’s bookkeeping records and other information Management has provided. These financial statements comprise the income statement, balance sheet, statement of changes in equity, notes and accounting policies. We performed this compilation engagement in accordance with ISRS 4410, 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 provisions of the Danish Public Accountants Act and FSR – Danish Auditors’ Code of Conduct for professional accountants, including principles of integrity, objectivity, professional competence and due care. These financial statements and the accuracy and completeness of the information used to compile the financial statements are Management’s responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the disclosures Management provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion about whether the financial statements have been prepared in accordance with the Danish Financial Statements Act.On 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 rate 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. 5110945020005110945020009550Andre erklæringer uden sikkerhed4000033328125068-133000The accounting policies applied to these financial statements are consistent with those applied last year. State Authorised Public AccountantAnders Kreiner36 10 20 302018-07-012019-06-302018-06-302017-07-01mne2676551109450200033963556Deloitte Statsautoriseret Revisionspartnerselskab