34625115 2024-01-01 2024-12-31 34625115 2024-01-01 2024-12-31 0 34625115 2024-01-01 2024-12-31 0 34625115 2024-01-01 2024-12-31 1 34625115 2024-01-01 2024-12-31 2 34625115 2023-01-01 2023-12-31 34625115 2024-12-31 34625115 2023-12-31 iso4217:DKK Annual report 2025-06-13 Yuyang Feng COPAC A/S Buddingevej 306, 1 2860 Søborg 50194978 34625115 2024-01-01 2024-12-31 <p xmlns="http://www.w3.org/1999/xhtml">Management has today considered and approved the annual report for the financial year 01. January 2024 - 31. December 2024 for COPAC A/S. <br/> <br/> The annual report is presented in accordance with the Danish Financial Statements Act. <br/> <br/> Management believes that the financial statements give a true and fair view of the company's assets, liabilities and financial position and of the result. <br/> <br/> The annual report is submitted for approval by the General Assembly.</p> Management considers the conditions for opting out of audit to be met. Søborg 2025-06-13 Yuyang Feng Henrik Kemp Yuyang Feng Jue Wang <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Major Activities</strong> <br/> The company's activities consists of the development and sales of instruments and solutions to industries and research institutes. <br/>   <br/> <strong>Reasons for any major changes in your Company's activities or economy</strong> <br/> The Company's income statement for 2024 shows a profit of 288,746 DKK as against a loss of DKK 316,675 in 2023. Equity in the Company's balance sheet at 31 December 2024 stood at 668,938 DKK as against DKK 380,192 at 31 December 2023. <br/>   <br/> <strong>Events after the end of the financial year</strong> <br/> After the end of the financial year, no events have occurred that could materially affect the company's financial position.</p> The annual report has been prepared in accordance with the regulation applying to Reporting class B. Reporting class B <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 18.0px;"> <strong>Income statement</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Revenue</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Income from the sale of goods, is recognised in revenue when delivery and transfer of risk to the buyer have taken place, and the income may be measured reliably and is expected to be received. The date of transfer of the most significant benefits and risks is determined using standard Incoterms ®2020.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Cost of sales</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Cost of sales comprises costs incurred to generate revenue for the year. This item also comprises direct costs for goods for resale and changes to inventory of goods for resale.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Other external costs</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Other external costs comprise costs for distribution and sales costs, costs for advertising, administrative expenses, costs of premises, etc.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Staff costs</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Staff costs comprise wages and salaries, including holiday allowance, pension and other social security costs.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Other operating costs</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Other operating costs comprise items secondary to the activities of the entities, including losses on the disposal of intangible assets and property, plant and equipment.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Financial income and expenses</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Financial income and expenses comprise interest income and expense, as well as surcharges and refunds under the on-account tax scheme, etc.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Tax on loss for the year</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Tax for the year comprises current tax for the year and changes in deferred tax, including changes in tax rates. The tax expense relating to the profit/loss for the year is recognised in the income statement at the amount attributable to the profit/loss for the year and directly in equity at the amount attributable to entries directly in equity.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">On payment of joint taxation contributions, current Danish corporation tax is allocated between the jointly taxed entities in proportion to their taxable income. Entities with tax losses receive joint taxation contributions from entities that have used the losses to reduce their own taxable profit.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <span style="font-size: 18.0px;"> <strong>Balance sheet</strong></span></p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Development projects</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Development costs comprise costs, wages, salaries and amortisation directly and indirectly attributable to development activities.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Development projects that are clearly defined and identifiable, where the technical feasibility, sufficient resources and a potential future market or development opportunities are evidenced, and where the Company intends to produce, market or use the project, are recognised as intangible assets provided that the cost can be measured reliably and that there is sufficient assurance that future earnings can cover production costs, selling costs and administrative expenses as well development costs. Other development costs are recognised in the income statement as incurred.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Development costs recognised in the balance sheet are measured at cost less accumulated amortisation and impairment losses.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Upon completion of development work, development costs are amortised on a straight-line basis over the estimated useful lives. The amortisation period is usually 5 years.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Property, plant and equipment</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Cost comprises the purchase price and any costs directly attributable to the acquisition until the date on which the asset is available for use. Indirect production overheads and borrowing costs are not recognised in cost.</p> <p xmlns="http://www.w3.org/1999/xhtml">Where individual components of an item of property, plant and equipment have different useful lives, they are accounted for as separate items, which are depreciated separately.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The basis of depreciation is cost less any projected residual value after the end of the useful life. Depreciation is provided on a straight-line basis over the estimated useful life. The estimated useful lives are as follows:</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Fixtures, fittings, tools and equipment                                   4 years            </p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The useful life and residual value are reassessed annually. Changes are treated as accounting estimates, and the effect on depreciation is recognised prospectively.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Gains and losses on the disposal of property, plant and equipment are stated as the difference between the selling price less selling costs and the carrying amount at the date of disposal. Gains and losses are recognised in the income statement as other operating income or other operating costs, respectively.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Impairment of fixed assets</strong></p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The carrying amount of intangible assets and property, plant and equipment as well as equity investments in group entities and associates is subject to an annual test for indications of impairment other than the decrease in value reflected by depreciation or amortisation.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Impairment tests are conducted of individual assets or groups of assets when there is an indication that they may be impaired. Write-down is made to the recoverable amount if this is lower than the carrying amount.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The recoverable amount is the higher of an asset's net selling price and its value in use. The value in use is determined as the present value of the forecast net cash flows from the use of the asset or the group of assets, including forecast net cash flows from the disposal of the asset or the group of assets after the end of the useful life.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Previously recognised write-downs are reversed when the basis for the write-down no longer exists. Write-down of goodwill is not reversed.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Inventories</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Inventories are measured at cost in accordance with the FIFO method. Where the net realisable value is lower than cost, inventories are written down to this lower value.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Receivables</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Receivables are measured at amortised cost.</p> <p xmlns="http://www.w3.org/1999/xhtml">Write-down is made for bad debt losses where there is an objective indication that a receivable has been impaired. If there is an objective indication that an individual receivable has been impaired, write-down is made on an individual basis.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Write-downs are calculated as the difference between the carrying amount of receivables and the present value of forecast cash flows, including the realisable value of any collateral received. The effective interest rate for the individual receivable or portfolio is used as discount rate.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Cash at bank and in hand</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Cash at bank and in hand comprise cash and bank deposits.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Liabilities</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Liabilities are measured at amortised cost.</p> 899082 123499 477404 475540 51491 51491 0 370187 -403532 0 2462 370187 -405994 81441 -89319 288746 -316675 288746 -316675 288746 -316675 445766 0 445766 0 0 51491 0 51491 15857 15857 15857 15857 461623 67348 30000 30000 30000 30000 66750 77063 103829 116795 85892 167333 80575 80575 337046 441766 8509 5104 375555 476870 837178 544218 400000 400000 356612 0 -87674 -19808 668938 380192 24500 0 73214 0 15680 109180 54846 54846 168240 164026 168240 164026 837178 544218 <table xmlns="http://www.w3.org/1999/xhtml" style="border-bottom: 0.0px;border-collapse: collapse;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;width: 650.0px;"> <tbody> <tr> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;width: 60.0%;"> </th> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;font-weight: bold;text-align: right;width: 25.0%;">2024</th> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;font-weight: bold;text-align: right;width: 15.0%;">2023</th> </tr> <tr> <th> </th> <th style="border-bottom: 1.0px solid;padding-bottom: 10.0px;text-align: right;">DKK</th> <th style="border-bottom: 1.0px solid;padding-bottom: 10.0px;text-align: right;">DKK</th> </tr> <tr> <td>Wages and salaries</td> <td style="text-align: right;">434,391</td> <td style="text-align: right;">424,110</td> </tr> <tr> <td>Post employment benefit expense</td> <td style="text-align: right;">40,002</td> <td style="text-align: right;">46,326</td> </tr> <tr> <td>Social security contributions</td> <td style="text-align: right;">3,011</td> <td style="text-align: right;">5,104</td> </tr> <tr> <td> </td> <td style="border-bottom: 2.0px solid;border-top: 2.0px solid;text-align: right;">477,404</td> <td style="border-bottom: 2.0px solid;border-top: 2.0px solid;text-align: right;">475,540</td> </tr> </tbody> </table> <div xmlns="http://www.w3.org/1999/xhtml" style="text-align: right;"> </div> <table xmlns="http://www.w3.org/1999/xhtml" style="border-bottom: 0.0px;border-collapse: collapse;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;width: 650.0px;"> <tbody> <tr> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;width: 60.0%;"> </th> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;font-weight: bold;text-align: right;width: 25.0%;">2024</th> <th style="border-bottom: 0.0px;border-left: 0.0px;border-right: 0.0px;border-top: 0.0px;font-weight: bold;text-align: right;width: 15.0%;">2023</th> </tr> <tr> <th> </th> <th style="border-bottom: 1.0px solid;padding-bottom: 10.0px;text-align: right;">DKK</th> <th style="border-bottom: 1.0px solid;padding-bottom: 10.0px;text-align: right;">DKK</th> </tr> <tr> <td>Changes in deferred tax</td> <td style="text-align: right;">81,441</td> <td style="text-align: right;">-89,319</td> </tr> <tr> <td> </td> <td style="border-bottom: 2.0px solid;border-top: 2.0px solid;text-align: right;">81,441</td> <td style="border-bottom: 2.0px solid;border-top: 2.0px solid;text-align: right;">-89,319</td> </tr> </tbody> </table> <p xmlns="http://www.w3.org/1999/xhtml">The Company is jointly taxed with other group companies and is jointly liable with the other group companies for payable and unsetteled corporation and withholding taxes. The total amount for payable corporate tax is shown in the annual report for Aurora Holding ApS. Any subsequent corrections to the corporate tax and withholding taxes can lead to an increased liability for the Company.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <table xmlns="http://www.w3.org/1999/xhtml" class="incomeStatement" style="border:0; margin-bottom: 20px;"> <thead> <tr class="header1"> <th class="col1"/> <th class="col2"/> <th class="col3">2024</th> </tr> </thead> <tbody> <tr> <td class="col1 dotted"> <span> Average number of employees </span> </td> <td class="col2"> </td> <td class="col3"> 2 </td> <td class="col4 lastyear"> </td> </tr> </tbody> </table> 2 false false false true Erhvervsstyrelsen Regnskab Basis 2023-12-31 2023-01-01 No audit assistance Startup Service ApS Boeslundevej 3a 2700 Brønshøj