xbrli:pureiso4217:DKK332534782022-01-012022-12-31332534782022-01-012022-12-311332534782022-01-012022-12-311332534782022-01-012022-12-311332534782022-01-012022-12-312332534782022-01-012022-12-313332534782022-01-012022-12-31332534782021-01-012021-12-31332534782022-01-012022-12-31fsa:RetainedEarningsMember332534782021-01-012021-12-31fsa:RetainedEarningsMember332534782022-01-012022-12-31fsa:RestOfOtherReservesMember332534782022-01-012022-12-31fsa:RetainedEarningsMember332534782022-12-31332534782021-12-31332534782022-01-01fsa:ContributedCapitalMember332534782022-01-01fsa:RestOfOtherReservesMember332534782022-01-01fsa:RetainedEarningsMember332534782022-01-01332534782022-12-31fsa:ContributedCapitalMember332534782022-12-31fsa:RestOfOtherReservesMember332534782022-12-31fsa:RetainedEarningsMemberGrundlag for konklusionKonklusiontrue2021-01-012021-12-3133963556København S23006WeidekampsgadeDeloitte Statsautoriseret RevisionspartnerselskabFuresøBirkerød3460Regnskabsklasse BRevisionspåtegning2022-12-312022-01-01<br /><br />67HøveltevejBregnerødgård ApS33253478339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportThe Board of Directors and the Executive Board have today considered and approved the annual report of Bregnerødgård ApS for the financial year 01.01.2022 - 31.12.2022.The annual report is presented in accordance with the Danish Financial Statements Act.In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2022 and of the results of its operations for the financial year 01.01.2022 - 31.12.2022.We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.We recommend the annual report for adoption at the Annual General Meeting.Furesø2023-05-26Anna ZibrandtsenCEOLisbeth Neel ZibrandtsenMikael TrolleNiels Erik Blangstrup ZibrandtsenChairmanTo the shareholders of Bregnerødgård ApSWe have audited the financial statements of Bregnerødgård ApS for the financial year 01.01.2022 -
31.12.2022, which comprise the income statement, balance sheet, statement of changes in equity and
notes, including a
summary of significant accounting policies. The financial statements are prepared in
accordance with the
Danish Financial Statements Act.
In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2022 and of the results of its operations for the financial year 01.01.2022 - 31.12.2022 in accordance
with the Danish Financial Statements Act.We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements
applicable in Denmark. Our responsibilities under those standards and requirements are further
described in the "Auditor’s responsibilities for the audit of the financial statements" section of this auditor’s
report. We are independent of the Entity in accordance with the International Ethics Standards Board for
Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical
requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with
these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our opinion.Management is responsible for the preparation of financial statements that give a true and fair view in accordance
with the Danish Financial Statements Act, and for such internal control as Management determines
is necessary to enable the preparation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, Management is responsible for assessing the Entity’s ability to continue
as a going concern, for disclosing, as applicable, matters related to going concern, and for using the going
concern basis of accounting in preparing the financial statements unless Management either intends to liquidate
the Entity or to cease operations, or has no realistic alternative but to do so.Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes
our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted
in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered material if,
individually or in the aggregate, they could reasonably be expected to influence the economic decisions of
users taken on the basis of these financial statements.
As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark,
we exercise professional judgement and maintain professional scepticism throughout the audit. We also:<br />Identify and assess the risks of material misstatement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence
that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a
material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
<br />Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Entity’s internal control.
<br />Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates
and related disclosures made by Management.
<br />Conclude on the appropriateness of Management’s use of the going concern basis of accounting in
preparing the financial statements, and, based on the audit evidence obtained, whether a material
uncertainty exists related to events or conditions that may cast significant doubt on the Entity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to
draw attention in our auditor’s report to the related disclosures in the financial statements or, if such
disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence
obtained up to the date of our auditor’s report. However, future events or conditions may cause the
Entity to cease to continue as a going concern.
<br />Evaluate the overall presentation, structure and content of the financial statements, including the disclosures
in the notes, and whether the financial statements represent the underlying transactions and
events in a manner that gives a true and fair view.<br />We communicate with those charged with governance regarding, among other matters, the planned scope
and timing of the audit and significant audit findings, including any significant deficiencies in internal control
that we identify during our audit.Management is responsible for the management commentary.
Our opinion on the financial statements does not cover the management commentary, and we do not express
any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the management
commentary and, in doing so, consider whether the management commentary is materially inconsistent with
the financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated.
Moreover, it is our responsibility to consider whether the management commentary provides the information
required under the Danish Financial Statements Act.<br />Based on the work we have performed, we conclude that the management commentary is in accordance with
the financial statements and has been prepared in accordance with the requirements of the Danish Financial
Statements Act. We did not identify any material misstatement of the management commentary.Copenhagen2023-05-26Thomas Rosquist Andersenmne31482State Authorised Public AccountantPrimary activitiesThe company's main activities is to own real estate, farm activities, including breeding, training and sale of horses,
as well as other related activities.Description of material changes in activities and financesThe Company's Income Statement of the financial year 1 January 2022- 31 December 2022 shows a result of
TDKK
-9,988 and the Balance Sheet at 31 December 2022 a balance sheet total of TDKK 113,882 and an equity of
TDKK 62,875.
Management finds the result in accordance with the plan for the year 2022, and is satisfied with the progress and development of the company according to the long term plan.
Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of
this annual report.-1655686-28447144278013519965617507493310172-7684448-11354542427360819919222056612-9675943-13407546312289-371479-9988232-13036067-9988232-1303606711580276-2156850851405883500240138724182087343522783015211135652278301521113565500055000582665006244500058321500625000004217015700206312407779810189327573073072602730072091631209895061603265746719571138815661267833131000001000002858007216999796341949205256342862874992696632241000001699979652563428696632241000002858007234194920885456294535356234629044210740923537613171752849671775544052401155711155711985191472515202471050564467567108545100657457120089113881566126783313320000032000001 Staff costs2022
DKK2021
DKKWages and salaries3,758,7834,805,515Pension costs144,000192,960Other social security costs113,546186,837Other staff costs261,68414,3444,278,0135,199,656Average number of full-time employees101610162 Other financial expenses2022
DKK2021
DKKFinancial expenses from group enterprises1,932,2562,006,056Other interest expenses59,66650,5561,991,9222,056,612<br />2022
DKK2021
DKKFinancial expenses from group enterprises1,932,2562,006,056Other interest expenses59,66650,5561,991,9222,056,6123 Tax on profit/loss for the year2022
DKK2021
DKKChange in deferred tax02,566,000Adjustment concerning previous years312,289(562,066)Refund in joint taxation arrangement0(2,375,413)312,289(371,479)4 InventoriesLivestock are measured to the fair value subsequent to initial recognition. Fair value is determined by the
expected value between independent parties.
When assessing the value of sports horses the value is evaluated and measured by breeding skills, age,
education, health and results together with an individual assessment of the horse's estimated fair value.5 Non-current liabilities other than provisionsDue after more than 12 months
2022
DKKOutstanding after 5 years
2022
DKKDeposits88,5450Other payables353,562353,562442,107353,562Other payables consists of frozen holiday funds. 6 Contingent liabilitiesThe Entity participates in a Danish joint taxation
arrangement where LNZ Holding Zibra ApS serves as the
administration company. According to the joint taxation provisions of
the Danish Corporation Tax Act, the Entity
is therefore liable for income taxes etc for the jointly taxed entities, and 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.7 Group relationsName and registered office of the Parent preparing consolidated financial statements for the largest group:
LNZ Holding Zibra ApS
Høveltevej 67
DK-3460 Birkerød
CVR-no. 39 18 89 96This annual report has been presented in accordance with the provisions of the Danish Financial Statements
Act governing reporting class B enterprises with addition of a few provisions for reporting class C.The accounting policies applied to these financial statements are consistent with those applied last year.falseRecognition and measurementAssets 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.
Gross profit or lossThe Company has decided to aggregate certain items of the Income Statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. RevenueRevenue from the sale of goods and services is recognized in the income statement when the risk has passed to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for ordinary inventory write downs. Other external expensesOther 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 write-downs of receivables recognised in current assets.Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions etc for entity staff.
Repayments from public authorities are deducted from staff costs.
Depreciation, amortisation and impairment lossesDepreciation, amortisation, and impairment losses relating to property, plant and equipment and comprise depreciation, amortisation and impairment losses for the financial year, and gains and losses from the sale of intangible assets and property, plant and equipment.Other financial incomeOther financial income comprises dividends etc received on other investments, interest income, including interest income on receivables from group enterprises, net capital or exchange gains on securities, payables and transactions in foreign currencies, amortisation of financial assets, and tax relief under the Danish Tax Prepayment Scheme etc.Other financial expensesOther 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, and tax surcharge under the Danish Tax Prepayment Scheme etc.Tax on profit/loss for the yearTax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised 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).
Property, plant and equipmentLand and buildings, plant and machinery, and other fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses. Land is not depreciated.
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. For self-constructed assets, cost comprises direct and indirect costs of materials, components, sub suppliers and labour costs.
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:
Useful life
Buildings20-40 yearsOther fixtures and fittings, tools and equipment3-5 yearsFor leasehold improvements and assets subject to finance leases, the depreciation period cannot exceed
the contract period.
The estimated residual value of the buildings are TDKK 22,400.
Impairment of fixed assets
The carrying amount of tangible fixed assets is reviewed annually to determine whether there is an indication of impairment beyond the annual depreciation. If this is the case, a write-down is made to the lower of recoverable amount and carrying amount.
InventoriesInventories are measured at the lower of cost using the FIFO method and net realisable value.
Cost consists of purchase price plus delivery costs.
Livestock
Livestock (Biological assets) are measured to the fair value subsequent to initial recognition.
The net realisable value of livestock is calculated as the estimated selling price less completion costs and costs incurred to execute sale.
The net realisable value is determined allowing for marketability, obsolescence and development in expected selling price. The cost of goods for resale, raw materials and consumables equals landed cost.
Value adjustments of the herd are recognised in the income statement under gross profit.
ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less write-downs for bad and doubtful debts.PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at cost.CashCash comprises cash in hand and bank deposits.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.
Deferred incomeDeferred income comprises income received for recognition in subsequent financial years. Deferred income is measured at cost.2023-05-26Alex Pløger