358503092014-05-132014-12-31358503092014-05-132014-12-311358503092014-05-132014-12-31358503092014-05-132014-12-31358503092014-05-132014-12-31358503092014-05-132014-12-31358503092014-05-132014-12-31358503092014-05-132014-12-31fsa:ReserveForNetRevaluationAccordingToEquityMethodMember358503092014-05-132014-12-31fsa:RetainedEarningsMember358503092014-05-132014-12-31358503092014-05-132014-12-31358503091899-12-301899-12-30358503091899-12-301899-12-30fsa:ReserveForNetRevaluationAccordingToEquityMethodMember358503091899-12-301899-12-30fsa:RetainedEarningsMember358503091899-12-301899-12-30358503092014-12-31358503091899-12-30xbrli:purexbrli:pureiso4217:DKKxbrli:shares To the day-to-day management of Gug Holding ApS The Financial Statement and the accuracy and completeness of the information used to compile them are your responsibility. , Since a compilation engagement regarding financial information is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you have given us in order for us to compile the Financial Statements. Accordingly, we do not express an audit or review opinion on whether the Financial Statements are prepared in accordance with the Danish Financial Accounts Act. , We have completed the engagement in accordance with ISRS 4410, Engagements to Compile Financial Information. We have applied our professional expertise to assist you in the preparation and presentation of these Financial Statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions in the Danish Act on Auditors and Audit Firms as well as Danish Auditors' (FSR) ethical rules for auditors, including principles of integrity, objectivity, professional competence and due care. , We have compiled the Financial Statements of Gug Holding ApS for the financial year 13 May 2014 - 31 December 2014 based on the Company's bookkeeping and other information provided by it. The Financial Statements comprise Accounting Policies, Income Statement, Balance Sheet and Notes. Hals, 12 June 2015 RevisorHuset Hals Registreret Revisionsanpartsselskab Bjarke Kjær Registreret revisor 2015-06-12Hals Executive Board Mads Bødker Jacobsen Direktør Mads Bødker JacobsenManagerAndre erklæringer uden sikkerhed1439940Regnskabsklasse B5000001439940 Reporting Class The Annual Report of Gug Holding ApS for 2014 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. As the financial year 2014 is the Company's first financial year, the Financial Statements with associated notes have been prepared without comparative figures from the previous year. General Information Basis of recognition and measurement Income is recognised in the Income Statement as it is earned, including value adjustments of financial assets and liabilities that are measured at fair value or amortised cost. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the Income Statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the Income Statement. Assets are recognised in the Balance Sheet when it is probable that future economic benefits attributable to the asset will accrue to the Company, and the value of the asset can be measured reliably. Liabilities are recognised in the Balance Sheet when it is probable that future economic benefits attributable to the asset will flow out of the Company, and the value of the liability can be measured reliably. At initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Certain financial assets and liabilities are measured at amortised cost, which involves the recognition of a constant effective interest rate over the term. Amortised cost is calculated as original cost less repayments and with the addition/deduction of the accumulated amortisation of the difference between the cost and the nominal amount. This way, exchange losses and gains are allocated over the term. In connection with recognition and measurement, consideration is given to predictable losses and risks occurring prior to the presentation of the Annual Report, i.e. losses and risks which prove or disprove matters which exist at the balance sheet date. Income Statement Income from equity investments in group enterprises and associates Income from equity investments comprises the proportionate share of profit/loss after tax and any adjustment of internal profit/loss and less amortisation of consolidated goodwill. Financial income and expenses Financial income and expenses are recognised in the Income Statement with the amounts that concern the financial year. Financial income and expenses include interest income and expenses, realised and unrealised capital gains and losses regarding securities, debt and foreign currency transactions, dividends received from other equity investments, amortisation of financial assets and liabilities as well as surcharges and allowances under the tax repayment scheme. Tax on net profit/loss for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. The Company and the Danish associates are taxed jointly. The Danish income tax is distributed between profit- and loss-making Danish enterprises in relation to their taxable income (full distribution). Balance Sheet Equity investments in group enterprises and associates Equity investments in group enterprises and associates are measured by the equity method at the proportionately owned share of the equity of the enterprises plus any consolidated goodwill, less intercompany profit and negative goodwill. Enterprises with negative equity are measured at 0 as the negative value corresponding to the proportionate share is offset against receivables, if any. Amounts beyond this are recognised in the provisions item, if there is a legal or actual obligation to cover the negative balance. Receivables Receivables are measured at amortised cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Equity Proposed dividend for the year is recognised as a separate item in equity. Deferred tax Deferred tax and the associated adjustments for the year are determined according to the balance-sheet liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Current tax liabilities Current tax liabilities and current tax receivables are recognised in the Balance Sheet as calculated tax on the expected taxable income for the year, adjusted for tax on taxable income for previous years as well as for tax prepaid. -47190-62500-50000014399401487130625000-5471905000004719054719-562500-62500-500000-4719014871305000001439940500000924630939940-15310Hals, 9370Tværgade 32015-06-122014-05-132015-06-123585030931885191ÅrsrapportMads Bødker JacobsenGug Holding ApSRevisorHuset Hals, Registreret Revisionsanpartsselskab851, Aalborg2014-12-312014-05-13Development in activities and financial matters The Company's Income Statement of the financial year 13. maj 2014 - 31. december 2014 shows a result of DKK -54.719 and the Balance Sheet at 31. december 2014 a balance sheet total of DKK 143.994 and an equity of DKK -4.719. The Company's principal activities The Company's principal activities consist in ... Post financial year events After the end of the financial year, no events have occurred which may change the financial position of the Company substantially. The Company's principal activities The Company's principal activities consist in ... Development in activities and financial matters The Company's Income Statement of the financial year 13. maj 2014 - 31. december 2014 shows a result of DKK -54.719 and the Balance Sheet at 31. december 2014 a balance sheet total of DKK 143.994 and an equity of DKK -4.719. Post financial year events After the end of the financial year, no events have occurred which may change the financial position of the Company substantially. Expectations for the future The Company expects its operations to develop positively next year. Supplementary Reports [Supplementary Reports] Supplementary Reports [Supplementary Reports] 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 assets, liabilities and financial position of the Company at 31 December 2014 and of the results of the Company's operations for the financial year 13 May 2014 - 31 December 2014. The Annual General Meeting of the Company has adopted that the Company's Financial Statements are not to be audited. The conditions for not conducting an audit of the Financial Statement have been met. Today, Management has considered and adopted the Annual Report of Gug Holding ApS for the financial year 13 May 2014 - 31 December 2014. In our opinion, the Management's Review includes a true and fair account of the matters addressed in the review. Aalborg, 12 June 2015We recommend that the Annual Report be adopted at the Annual General Meeting. Today, Management has considered and adopted the Annual Report of Gug Holding ApS for the financial year 13 May 2014 - 31 December 2014. 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 assets, liabilities and financial position of the Company at 31 December 2014 and of the results of the Company's operations for the financial year 13 May 2014 - 31 December 2014. In our opinion, the Management's Review includes a true and fair account of the matters addressed in the review. The Annual General Meeting of the Company has adopted that the Company's Financial Statements are not to be audited. The conditions for not conducting an audit of the Financial Statement have been met. We recommend that the Annual Report be adopted at the Annual General Meeting. Aalborg, 12 June 2015 Executive Board Mads Bødker Jacobsen Direktør