BDO Statsautoriseret revisionsaktieselskabRoms Hule 4, 1. salDK-7100 Vejle20222670Årsrapport2022-09-30Morten Sonnich JershaugeErwin Hymer Group Nord ApSEdisonvej 57100 VejleErklæring om udvidet gennemgang242592181999-06-17Vejle2021-08-012022-07-312020-08-012021-07-31BDO Statsautoriseret revisionsaktieselskabRoms Hule4, 1. sal7100VejleVejle2022-09-30Morten Sonnich JershaugeKonklusionGrundlag for konklusionVejle2022-09-30BDO Statsautoriseret revisionsaktieselskab20222670Kristian Frost VingumErklæring om udvidet gennemgangState Authorised Public Accountantmne36183976189986453658322869757403675204752041363826996125044174992373851288834959181289172212204999662746977999662746977957121709169571217091614068813719014068813719023640030810621839729301024982782088178455826302916177960867037426232770002758366699345270433221050685210109794125000125000706754660678847192546619288415000300001500030000263172104204263172104204202646407861150004920061147610847010153782107012259264130361343782706329930638869101050685210109794125000606788499966212500070675461413719776964904149389738332501346271166225150013375083228697574036304172226204-15000-14000289172212204376018376018205102752042803069571213721034781406881406880Regnskabsklasse BtruefalseToday the Executive Board have discussed and approved the Annual Report of Erwin Hymer Group Nord ApS for the financial year 1 August 2021 - 31 July 2022. The Annual Report is presented in accordance with the Danish Financial Statements Act. In my opinion the Financial Statements give a true and fair view of the Company's assets, liabilities and financial position at 31 July 2022 and of the results of the Company's operations for the financial year 1 August 2021 - 31 July 2022. The Management Commentary includes in my opinion a fair presentation of the matters dealt with in the Commentary. I recommend the Annual Report be approved at the Annual General Meeting. To the Shareholder of Erwin Hymer Group Nord ApS We have performed an extended review of the Financial Statements of Erwin Hymer Group Nord ApS for the financial year 1 August 2021 - 31 July 2022, which comprise income statement, Balance Sheet, statement of changes in equity and notes, including a summary of significant accounting policies. The Financial Statements are prepared under the Danish Financial Statements Act. Based on the work performed in our opinion, the Financial Statements give a true and fair view of the Company's financial position at 31 July 2022 and of the results of the Company's operations for the financial year 1 August 2021 - 31 July 2022 in accordance with the Danish Financial Statements Act. Basis for Conclusion Grundlag for konklusion We conducted our extended review in accordance with the Danish Business Authority's Assurance Standard for Small Enterprises and FSR – Danish Auditors' standard on extended review of Financial Statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the "Auditor's Responsibilities for the Extended Review of the Financial Statements” section of our report. We are independent of the Company in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code), together with the ethical requirements that are relevant to our audit of the financial statements in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion. Management's Responsibilities for the Financial Statements 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 Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the Financial Statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Our responsibility is to express a conclusion on the Financial Statements. This requires that we plan and perform procedures in order to obtain limited assurance for our conclusion on the Financial Statements and in addition perform specifically required supplementary procedures to obtain further assurance for our conclusion. An extended review comprises procedures that primarily consist of making inquiries of Management and others within the Company, as appropriate, analytical procedures and the specifically required supplementary procedures as well as evaluation of the evidence obtained. The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on the Financial Statements. Statement on the Management Commentary Management is responsible for the Management Commentary. Our conclusion 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 extended review 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 during the extended review, 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. 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 in the Management Commentary. Principal activities Like previous years, the main activity has been selling caravans and motor caravans to Danish, Swedish and Norwegian dealers. Development in activities and financial and economic position The profit for the year amounts DKK 999.662 against DKK 746.977 last year. The management considers the results for the year satisfactory. Significant events after the end of the financial year No events have occurred after the end of the financial year of material importance for the company's financial position. Share capital Retained earnings Total Equity at 1 August 2021 125,000 6,067,884 6,192,884 Proposed profit allocation 999,662 999,662 Equity at 31 July 2022 125,000 7,067,546 7,192,546 Staff costs 1 Average number of employees 14 13 Wages and salaries 7,197,769 6,490,414 Pensions 938,973 833,250 Social security costs 134,627 116,622 Other staff costs 51,500 133,750 8,322,869 7,574,036 Tax on profit/loss for the year 2 Calculated tax on taxable income of the year 304,172 226,204 Adjustment of deferred tax -15,000 -14,000 289,172 212,204 Property, plant and equipment 3 Other plant, machinery tools and equipment Cost at 1 August 2021 376,018 Cost at 31 July 2022 376,018 Depreciation and impairment losses at 1 August 2021 205,102 Depreciation for the year 75,204 Depreciation and impairment losses at 31 July 2022 280,306 Carrying amount at 31 July 2022 95,712 Financial non-current assets 4 Rent deposit and other receivables Cost at 1 August 2021 137,210 Additions 3,478 Cost at 31 July 2022 140,688 Carrying amount at 31 July 2022 140,688 Long-term liabilities 5 31/7 2022 Repayment Debt outstanding 31/7 2021 total liabilities next year after 5 years total liabilities Corporation tax 263,172 0 0 104,204 534.100 534.100.01 263,172 0 0 104,204 Contingent liabilities The company has entered into operationel leasing contracts with an average annual leasing payment of DKK 79 thousand. The leasing contracts have 5 - 33 months left to run and the outstanding leasing payment is DKK 1,030 thousand. The company has entered into a rent agreement, which can be terminated with 6 months' notice terminated on 31 May 2024. The obligation corresponds to DKK 495 thousand per 31July 2022. A deposit of DKK 500 thousand is provided as security for any outstanding amounts with the company's bank. The Annual Report of Erwin Hymer Group Nord ApS for 2021/22 has been presented in accordance with the provisions of the Danish Financial Statements Act for enterprises in reporting class B and certain provisions applying to reporting class C. Regnskabsklasse B1 true false The Annual Report is prepared consistently with the accounting principles applied last year, except for the following changes. Change in classification The classification used have been changed in the following areas: Wage refunds have previously been recognized under staff costs. The comparative figures have been adjusted and are now classified as other operating income. The changed amount is DKK 174.935. The change does not affect the income statement's netprofit, total assets or equity. Net revenue Commission income is recognised at the time of invoicing by the supplier to the dealers. Other net turnover comprises invoiced sales during the period. Net revenue is recognised exclusive of VAT and less duties and discounts related to the sale. Other operating income Other operating income includes items of a secondary nature in relation to the Company’s activities. In addition, profit from sale of intangible and tangible fixed assets as well as business interruption and conflict compensations are included. Other external expenses Other external expenses include cost of sales, advertising, administration, buildings, bad debts, operating lease expenses, etc. Staff costs Staff costs comprise wages and salaries, including holiday pay and pensions and other costs for social security etc. for the company’s employees. Repayments from public authorities are deducted from staff costs. Financial income and expenses Financial income and expenses include interest income and expenses, financial expenses of finance leases, realised and unrealised gains and losses arising from transactions in foreign currencies, amortisation of financial assets and liabilities as well as charges and allowances under the tax-on-account scheme etc. Financial income and expenses are recognised in the income statement by the amounts that relate to the financial year. Tax The tax for the year, which consists of the current tax for the year and changes in deferred tax, is recognised in the income statement by the portion that may be attributed to the profit for the year, and is recognised directly in the equity by the portion that may be attributed to entries directly to the equity. Tangible fixed assets Other plant, fixtures and equipment are measured at cost less accumulated depreciation and impairment losses. The depreciation base is cost less estimated residual value after end of useful life. The cost includes the acquisition price and costs incurred directly in connection with the acquisition until the time when the asset is ready to be used. Straight-line depreciation is provided on the basis of an assessment of the expected useful lives of the assets and their residual value: Useful lifeResidual value Other plant, fixtures and equipment 3-5 years 0 % Profit or loss on disposal of tangible fixed assets is stated as the difference between the sales price less selling costs and the carrying amount at the time of sale. Profit or loss is recognised in the income statement as other operating income or other operating expenses. Financial non-current assets Deposits include rental deposits which are recognised and measured at amortised cost. Deposits are not depreciated. Impairment of fixed assets The carrying amount of tangible assets together with fixed assets, which are not measured at fair value, are valued on an annual basis for indications of impairment other than that reflected by amortisation and depreciation. In the event of impairment indications, an impairment test is made for each asset or group of assets, respectively. If the recoverable amount is lower than the carrying amount, the asset is written down to the carrying amount. The recoverable amount is calculated at the higher of net selling price and capital value. The capital value is determined as the fair value of the expected net cash flows from the use of the asset or group of assets and the expected net cash flows from sale of the asset or group of assets after the end of its useful life. Receivables Receivables are measured at amortised cost which usually corresponds to nominal value. The value is written down to meet expected losses. Accruals, assets Accruals recognised as assets include costs incurred relating to the subsequent financial year. Tax payable and deferred tax Current tax liabilities and receivable current tax are recognised in the balance sheet as the calculated tax on the taxable income for the year, adjusted for tax on the taxable income for previous years and taxes paid on account. Deferred tax is measured on the temporary differences between the carrying amount and the tax value of assets and liabilities. Deferred tax assets, including the tax value of tax loss carry-forwards, are measured at the expected realisable value of the asset, either by set-off against tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity. Deferred tax is measured on the basis of the tax rules and tax rates that under the legislation in force on the balance sheet date will be applicable when the deferred tax is expected to crystallise as current tax. Any changes in the deferred tax resulting from changes in tax rates, are recognised in the income statement, except from items recognised directly in equity. Liabilities Amortised cost for short-term liabilities usually corresponds to the nominal value. Foreign currency translation Transactions in foreign currencies are translated at the rate of exchange on the transaction date. Exchange differences arising between the rate on the transaction date and the rate on the payment date are recognised in the income statement as a financial income or expense. Receivables, payables and other monetary items in foreign currencies that are not settled on the balance sheet date are translated at the exchange rate on the balance sheet date. The difference between the exchange rate on the balance sheet date and the exchange rate at the time of occurrence of the receivables or payables is recognised in the income statement as financial income or expenses. 242592182022-07-31242592182021-07-31242592182021-08-012022-07-31242592182020-08-012021-07-31242592182021-08-012022-07-31g:RetainedEarningsMember242592182020-08-012021-07-31g:RetainedEarningsMember242592182021-08-01g:ContributedCapitalMember242592182022-07-31g:ContributedCapitalMember242592182021-08-012022-07-31g:RetainedEarningsMember242592182021-08-01g:RetainedEarningsMember242592182022-07-31g:RetainedEarningsMember242592182021-08-012022-07-311242592182021-08-012022-07-31g:FixturesFittingsToolsAndEquipmentMember242592182021-08-01g:FixturesFittingsToolsAndEquipmentMember242592182022-07-31g:FixturesFittingsToolsAndEquipmentMember242592182021-08-012022-07-31g:OtherReceivablesMember242592182021-08-01g:OtherReceivablesMember242592182022-07-31g:OtherReceivablesMember242592182021-08-012022-07-311xbrli:pureiso4217:DKK