317597492017-01-012017-12-31317597492017-01-012017-12-31Direktionsmedlem 01317597492017-01-012017-12-31Direktionsmedlem 02317597492017-01-012017-12-31Bestyrelsesmedlem 1317597492017-01-012017-12-31Bestyrelsesmedlem 2317597492017-12-31317597492016-12-31317597492016-01-012016-12-31317597492017-12-31fsa:InvestmentsInGroupEnterprisesMember317597492016-12-31fsa:InvestmentsInGroupEnterprisesMember317597492017-01-012017-12-31fsa:ProposedDividendRecognisedInEquityMember317597492017-01-012017-12-31fsa:RetainedEarningsMember317597492016-01-012016-12-31fsa:RetainedEarningsMember317597492016-01-012016-12-31fsa:ProposedDividendRecognisedInEquityMember317597492016-01-012016-12-31fsa:RetainedEarningsMember317597492017-01-012017-12-31fsa:RetainedEarningsMember317597492017-01-012017-12-31fsa:ProposedDividendRecognisedInEquityMember317597492017-12-31fsa:ContributedCapitalMember317597492016-12-31fsa:ContributedCapitalMember317597492017-12-31fsa:ProposedDividendRecognisedInEquityMember317597492017-12-31fsa:RetainedEarningsMember317597492016-12-31fsa:RetainedEarningsMember317597492017-01-012017-12-31fsa:ParentOfSmallestGroupInWhichReportingEntityIsSubsidiaryMember317597492017-12-31Kapitalklasse 01317597492017-01-012017-12-31fsa:SubsidiaryMemberFA Dattervirksomhed 01317597492017-01-012017-12-31fsa:SubsidiaryMemberFA Dattervirksomhed 02317597492017-01-012017-12-31fsa:SubsidiaryMemberFA Dattervirksomhed 03317597492017-12-31fsa:SubsidiaryMemberFA Dattervirksomhed 01317597492017-12-31fsa:SubsidiaryMemberFA Dattervirksomhed 02317597492017-12-31fsa:SubsidiaryMemberFA Dattervirksomhed 03317597492017-01-012017-12-31fsa:InvestmentsInGroupEnterprisesMember317597492016-01-012016-12-31fsa:InvestmentsInGroupEnterprisesMember317597492017-01-012017-12-31Revisionsvirksomhed 01317597492017-01-012017-12-31Revisionsvirksomhed 01 - Revisor 01317597492017-01-012017-12-31Revisionsvirksomhed 02 - Revisor 01317597492017-01-012017-12-31Revisionsvirksomhed 02iso4217:DKKsharespureThe Entity is a holding company which invests in enterprises. The Entity is part of the Indutrade Group. Results for the year are as expected.No events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.Claus Dall-HansenJesper TrierThe Board of Directors and the Executive Board have today considered and approved the annual report of Combilent Holding ApS for the financial year 01.01.2017 - 31.12.2017.The annual report is presented in accordance with the Danish Financial Statements Act. We recommend the annual report for adoption at the Annual General Meeting.We believe that the management commentary contains a fair review of the affairs and conditions referred to therein. Tomas Patrik StolpeGustav RudaChief Executive OffficerChairman80300000813000001521098140291474011226181821838828151758030000081300000152183815151758030000081300000152002114029141077270011652121472700114374223542095387312000000-26375-11192-26375-1119219951069760This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class B enterprises with addition of certain provisions for reporting class C.Assets 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.Receivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts. Current tax payable or receivable is recognised in the balance sheet, stated as tax computed on this year's taxable income, adjusted for prepaid tax. Cash comprises bank deposits.9594953295949532Other financial liabilities are measured at amortised cost, which usually corresponds to nominal value.Other external expenses include expenses relating to the Entity’s ordinary activities.Income from investments in group enterprises comprises dividend etc received from the individual group enterprises in the financial year. Other financial income comprises dividends etc received on other investments, interest income, including interest income on receivables from group enterprises. Other financial expenses comprise interest expenses, including interest expenses on payables to group enterprises.Tax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity. The Entity is jointly taxed with all Danish subsidaries and affiliated companies. 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). Referring to section 110 of the Danish Financial Statements Act, no consolidated financial statements have been prepared.-15649532-1464953222325209052948-10772147-14231759749Combilent Holding ApSAllerød2018-02-27Claus Dall-HansenIn our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2017 and of the results of its operations for the financial year 01.01.2017 - 31.12.2017.2018-02-27AllerødThe Entity participates in a Danish joint taxation arrangement in which Indutrade A/S serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable from the financial year 2013 for income taxes etc. for the jointly taxed entities and from 1
July 2012 for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The total known net liability of the jointly taxed entities under the joint taxation arrangement is evident from the administration company’s financial statements.33963556Deloitte Statsautoriseret RevisionspartnerselskabWeidekampsgade Postboks 16000900 København C8182183882815175817948378279865410000001000000728948378179865479000002700116521199618377552637511192-1077200579000003000000-8903817775519961837755-8903817775579000001000000100000079000007289483781798654Indutrade AB, Stockholm, SverigeOrdinay shares 10000001000000Management 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 exits. 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:
• 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.
• 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.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.
• 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.
• 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.
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.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 of Accountants' Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2017 and of the results of its operations and cash flows for the financial year 01.01.2017 - 31.12.2017 in accordance with the Danish Financial statements Act.
We have audited the financial statements of Combilent Holding ApS for the financial year 01.01.2017 - 31.12.2017, 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.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.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.Dividend is recognised as a liability at the time of adoption at the general meeting. Proposed dividend for the financial year is disclosed as a separate item in equity. Extraordinary dividend adopted in the financial year is recognised directly in equity when distributed and disclosed as a separate item in Management's proposal for distribution of profit/loss.Combilent A/S, CVR-nr. 19 62 37 42JC Investment ApS, CVR-nr. 31 42 73 55Beijing Combilent Telecom Technology Co. Ltd. Reg. nr. 110000450077822AllerødAllerødBeijingA/SApSLtd.100100802035417264899644401183743099946305871879488Årsrapport8030000081300000Regnskabsklasse BTo the shareholders of Combilent Holding ApS-1000000Hillerød2018-02-27Gydevang21D3450AllerødWeidekampsgade Postboks 160060900København C100000010000003000000-3000000Revisionspåtegning19961837755The accounting policies applied to these financial statements are consistent with those applied last year.Investments in group enterprises are measured at cost and are written down to the lower of recoverable amount and carrying amount.statsautoriseret revisorState Authorised Public AccountantUnderskrivende revisor 1Mogens RasmussenMilnersvej433400Hillerød36 10 20 302017-01-012017-12-312016-12-312016-01-01mne3324033771231PriceWaterHouseCoopers Statsautoriseret Revisionspartnerselskab