31272424 2015-01-01 2015-12-31 31272424 2014-01-01 2014-12-31 31272424 2015-12-31 31272424 2014-12-31 31272424 2015-01-01 2015-12-31 0 31272424 2014-01-01 2014-12-31 1 31272424 2015-01-01 2015-12-31 2 31272424 2014-01-01 2014-12-31 3 31272424 2015-01-01 2015-12-31 4 31272424 2014-01-01 2014-12-31 5 31272424 2015-01-01 2015-12-31 6 31272424 2014-01-01 2014-12-31 7 31272424 2015-01-01 2015-12-31 8 31272424 2014-01-01 2014-12-31 9 31272424 2015-01-01 2015-12-31 10 31272424 2014-01-01 2014-12-31 11 31272424 2015-01-01 2015-12-31 0 31272424 2014-01-01 2014-12-31 1 31272424 2015-01-01 2015-12-31 2 31272424 2014-01-01 2014-12-31 3 31272424 2015-01-01 2015-12-31 0 31272424 2014-01-01 2014-12-31 1 31272424 2015-01-01 31272424 2014-01-01 31272424 2015-01-01 2015-12-31 0 31272424 2015-01-01 2015-12-31 1 31272424 2015-01-01 2015-12-31 0 31272424 2015-01-01 2015-12-31 1 31272424 2015-01-01 2015-12-31 0 iso4217:EUR 2015-01-01 2015-12-31 938632 154855 783777 790976 0 56745 -952 1517056 0 457807 1059249 9272 28732 1021245 1021245 1021245 -9272 0 -457807 129506 19011 148111 296628 MGM 1D ApS Center Boulevard 5 2300 Copenhagen S 31272424 2016-05-27 Henrik Groos <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement by the Supervisory and Executive Boards on the Financial Statements</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The Supervisory and Executive Boards have presented the Financial Statements for the year ended 31 December 2015. The Financial Statements were discussed and adopted on today's date.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The Financial Statements have been presented in accordance with the International Financial Reporting Standards as adopted by the EU and Danish disclosure requirements for financial statements.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We consider that the accounting policies used are appropriate and the accounting estimates made are reasonable. To the best of our belief, the Financial Statements include the information which is relevant for an assessment of the Company's financial position. Against this background, it is our opinion that the Financial Statements give a true and fair view of the Company's assets and liabilities, financial position, and results of operations and cash flow for the year ended 31 December 2015.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We believe that the Management's Review contains a fair review of the affairs and conditions referred to therein.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We recommend that the Financial Statements be adopted by the Annual General Meeting of shareholders.</td></tr></table> Copenhagen 2016-05-27 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independent auditors' report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the shareholders of MGM 1D ApS</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independent auditors' report on the financial statements</td></tr><tr><td colspan="1">We have audited the financial statements of MGM 1D ApS for the financial year 1 January – 31 December 2015, which comprise income statement, statement of comprehensive income, balance sheet, statement of changes in equity, cash flow statement and notes, including a summary of significant accounting policies, for the company. The financial statements are prepared in accordance with International Financial Reporting Standards as adopted by the EU and additional disclosure requirements in the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management's responsibility for the financial statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of financial statements that give a true and fair view in accordance with International Financial Reporting Standards as adopted by the EU and additional disclosure requirements in the Danish Financial Statements Act and for such internal control that Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Auditors' responsibility</td></tr><tr><td colspan="1">Our responsibility is to express an opinion on the financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing and additional requirements under Danish audit regulation. This requires that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance as to whether the financial statements are free from material misstatement.</td></tr><tr><td colspan="1">An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgement, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditors consider internal control relevant to the Company's preparation of financial statements that give a true and fair view 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 Company's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by Management, as well as evaluating the overall presentation of the financial statements.</td></tr><tr><td colspan="1">We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr><tr><td colspan="1">Our audit has not resulted in any qualification.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Opinion</td></tr><tr><td colspan="1">In our opinion, the financial statements give a true and fair view of the Company's financial position at 31 December 2015 and of the results of the Company's operations and cash flows for the financial year 1 January – 31 December 2015 in accordance with International Financial Reporting Standards as adopted by the EU and additional disclosure requirements in the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement on the Management's review</td></tr><tr><td colspan="1">Pursuant to the Danish Financial Statements Act, we have read the Management's review. We have not performed any further procedures in addition to the audit of the financial statements. On this basis, it is our opinion that the information provided in the Management's review is consistent with the financial statements.</td></tr></table> Copenhagen 2016-05-27 Årsrapport 25578198 KPMG Statsautoriseret Revisionspartnerselskab Dampfærgevej 28 2100 København Ø Revisionspåtegning 881373 159340 722033 -552922 -9200 89762 0 70149 33448 551478 -447881 206 0 -448087 -448087 -448087 360 51 -727625 -83118 1994531 -1867779 43634 9596965 9596965 65901 363 0 59701 125965 422823 548788 10145753 201755 -298346 0 -96591 0 0 28732 28732 2025894 0 8174 8110252 9278 9313 47461 3240 10213612 10242344 10145753 422823 8825000 8825000 0 363 2654 21858 24875 126195 151070 8976070 201755 -1819591 500000 -1117836 2021635 3827512 0 5849147 198 33214 28437 4138690 6 11091 33123 0 4244759 10093906 8976070 126195 Profit before net financial result 1517056 Profit before net financial result 70149 Fair value adjustments, non-current assets -790976 Fair value adjustments, non-current assets 552922 Profit/(Loss) on disposal of investment property 0 Profit/(Loss) on disposal of investment property 9200 Lease incentives and leasing costs 0 Lease incentives and leasing costs 32078 Trade and other receivables -101090 Trade and other receivables -20073 Current liabilities -28405 Current liabilities -180 Lease incentives 19011 Lease incentives -22420 Repayments of receivables from group enterprises 0 Repayments of receivables from group enterprises 2016951 Repayments (acceptances) on current liabilities 148111 Repayments (acceptances) on current liabilities -1867779 126195 82561 Tommas Jakobsen Chairman Per Gunnar Isaksson Vice Chairman Tommas Jakobsen Per Gunnar Isaksson Ernst & Young Godkendt Revisionspartnerselskab 2000 Frederiksberg Osvald Helmuths Vej 4 30700228 Kaare Kristensen Lendorf State Authorised Public Accountant