33160062 2022-01-01 2022-12-31 33160062 2022-01-01 2022-12-31 0 33160062 2022-01-01 2022-12-31 0 33160062 2022-01-01 2022-12-31 1 33160062 2022-01-01 2022-12-31 2 33160062 2021-01-01 2021-12-31 33160062 2022-12-31 33160062 2021-12-31 33160062 2022-01-01 2022-12-31 0 33160062 2021-01-01 2021-12-31 1 33160062 2022-01-01 2022-12-31 2 33160062 2021-01-01 2021-12-31 3 33160062 2022-01-01 2022-12-31 4 33160062 2021-01-01 2021-12-31 5 33160062 2022-01-01 2022-12-31 6 33160062 2021-01-01 2021-12-31 7 33160062 2022-01-01 2022-12-31 8 33160062 2021-01-01 2021-12-31 9 33160062 2022-01-01 2022-12-31 0 33160062 2021-01-01 2021-12-31 1 33160062 2022-01-01 2022-12-31 2 33160062 2021-01-01 2021-12-31 3 33160062 2022-01-01 2022-12-31 0 33160062 2022-01-01 2022-12-31 1 iso4217:DKK xbrli:pure <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 Management</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 Board of Directors and the Executive Board have today discussed and approved the annual report of</td></tr><tr><td colspan="1">RækkehusCompagniet A/S for 2022.</td></tr><tr><td colspan="1">The annual report has been prepared in accordance with International Financial Reporting Standards as adopted by</td></tr><tr><td colspan="1">the EU and additional requirements of the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the financial statements give a true and fair view of the financial position of the Company at December 31 2022 and of the results of their operations and cash flows for the financial year January 1 – December 31 2022.</td></tr><tr><td colspan="1">Further, in our opinion, the Management's review gives a fair review of the development in the Group's and the</td></tr><tr><td colspan="1">Company's activities and financial matters, results for the year, cash flows and financial position as well as a</td></tr><tr><td colspan="1">description of material risks and uncertainties that the Group and the Parent Company face.</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 annual report be approved at the annual general meeting.</td></tr></table> Virum 2023-06-02 <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 auditor's 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 RækkehusCompagniet A/S</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">We have audited the financial statements of RækkehusCompagniet A/S for the financial year January 1 – December 31 2022, which comprise income statement, statement of other comprehensive income, balance sheet,</td></tr><tr><td colspan="1">statement of cash flows, statement of changes in equity and notes, including accounting policies. The financial statements are prepared in accordance with International Financial Reporting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the financial statements give a true and fair view of the financial position of the Company at December 2022 31 and of the results of the Company's operations and cash flows for the financial year January 1 – December 31 2022 in accordance with International Financial Reporting Standards as adopted by the EU and additional requirements of 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">Basis for opinion</td></tr><tr><td colspan="1">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 our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</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">Independence</td></tr><tr><td colspan="1">We are independent of the Company in accordance with the International Ethics Standards Board for Accountants'</td></tr><tr><td colspan="1">International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code.</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">Management is responsible for the Management's review.</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover the Management's review, and we do not express any assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the financial statements, our responsibility is to read the Management's review and, in doing so, consider whether the Management's review is materially inconsistent with the financial statements, or our knowledge obtained during the audit, or otherwise appears to be materially misstated.</td></tr><tr><td colspan="1">Moreover, it is our responsibility to consider whether the Management's review provides the information required</td></tr><tr><td colspan="1">under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Based on the work we have performed, we conclude that the Management's review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial</td></tr><tr><td colspan="1">Statements Act. We did not identify any material misstatement of the Management's review.</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 responsibilities 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 requirements of the Danish</td></tr><tr><td colspan="1">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. 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.</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">Auditor's responsibilities for the audit of the financial statements</td></tr><tr><td colspan="1">Our objectives are to obtain reasonable assurance as to 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.</td></tr><tr><td colspan="1">Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and additional requirements applicable in Denmark will always detect a material misstatement when itexists. 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 the financial statements.</td></tr><tr><td colspan="1">As part of an audit conducted in accordance with ISAs and additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also</td></tr><tr><td colspan="1">► Identify and assess the risks of material misstatement of the financial statements, whether due to fraud orerror, design and perform audit procedures responsive to those risks and obtain audit evidence that issufficent 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.</td></tr><tr><td colspan="1">► 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</td></tr><tr><td colspan="1">Company's internal control.</td></tr><tr><td colspan="1">► Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.</td></tr><tr><td colspan="1">► Conclude on the appropriateness of Management's use of the going concern basis of accounting in preparing</td></tr><tr><td colspan="1">the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists</td></tr><tr><td colspan="1">related to events or conditions that may cast significant doubt on the Company's ability to continue as a going</td></tr><tr><td colspan="1">concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's</td></tr><tr><td colspan="1">report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify</td></tr><tr><td colspan="1">our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report.</td></tr><tr><td colspan="1">However, future events or conditions may cause the Company to cease to continue as a going concern.</td></tr><tr><td colspan="1">► Evaluate the overall presentation, structure and contents of the financial statements, including the note</td></tr><tr><td colspan="1">disclosures, and whether the financial statements represent the underlying transactions and events in a</td></tr><tr><td colspan="1">manner that gives a true and fair view.</td></tr><tr><td colspan="1">We communicate with those charged with governance regarding, among other matters, the planned scope and</td></tr><tr><td colspan="1">timing of the audit and significant audit findings, including any significant deficiencies in internal control that we</td></tr><tr><td colspan="1">identify during our audit.</td></tr></table> Copenhagen 2023-06-02 RækkehusCompagniet A/S 8381 Tilst Agerøvej 31A 88623000 www.huscompagniet.dk 33160062 2022-01-01 2022-12-31 2023-06-02 Lars Hansen <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 review</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">Statutory CSR report</td></tr><tr><td colspan="1">The Company has not drawn up any separate CSR report, as the parent company has done so for the entire Group. The report is rendered in the parent company's annual report and may be downloaded from the site http://investors.huscompagniet.com/Danish/overblik/default.aspx</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">Account of the gender composition of Management</td></tr><tr><td colspan="1">At RækkehusCompagniet, we strive towards a diverse and inclusive work environment. A diverse workforce can bring many advantages to an organisation. The starting point is providing equal opportunity for people of all ages, genders, nationalities, religions, political opinions, and abilities. The construction sector has traditionally been a male-dominated industry, which poses a challenge for the industry and for RækkehusCompagniet. The starting point for improving the gender diversity of our workforce is to monitor the demographics of our employees, with the aim to track and increase gender balance over time. As of 31 December 2022, the underrepresented gender is female and constituted 14% of our workforce, compared to 10% prior year. People are encouraged to apply for HusCompagniet positions, irrespective of gender, age, nationality, sexual orientation, religion or ethnicity, and decisions regarding recruitment, promotion and dismissal are not influenced by these. Our employees have equal opportunities for career development and management ambitions, which are discussed as part of the yearly performance reviews. In 2022, other levels of management are defined by the executive management and their direct reports with employee responsibilty. HusCompagniet has set a target to increase the representation of women in management to 25% by 2025 and 30% by 2030.</td></tr></table> 254609388 212111708 42497680 21284479 3097479 -383502 0 17732220 16022 14153 17734089 4048878 13685211 13685211 0 13685211 13685211 34757999 52848932 16022 14153 50009800 -40000 -49969798 0 -49969798 3 0 49969800 Årsrapport 30700228 EY Godkendt Revisionspartnerselskab Cortex Park Vest 3 5230 Odense M 2021-01-01 2021-12-31 Revisionspåtegning Grundlag for konklusion Konklusion 0 Martin Ravn‐Nielsen CEO Lars Hansen Chairman Martin Ravn‐Nielsen Anna Schøning 229285000 179021000 50264000 16727000 2275000 0 0 31262000 244000 54000 31452000 6931000 24521000 24521000 0 24521000 24521000 -67463000 -35202000 244000 54000 -34684000 49000 34635000 0 34635000 0 0 -34635000 40000 0 40000 24170 37622635 28071753 79139228 144857787 144897787 500000 100311334 100811334 281543 4044327 4325870 31065604 0 1126170 4094407 64157 3410244 39760583 44086453 144897787 0 0 0 0 0 0 107227576 7011000 29106274 143344850 143344850 500000 86626000 87126000 210000 4089856 4299856 37830000 1303261 839000 2841000 229 9105291 51918780 56218636 143344637 0 0 EBIT 17732220 EBIT 31262000 EBIT 17732220 EBIT 31262000 Adjustments for non-cash items 358713 Adjustments for non-cash items 999000 Adjusted EBIT 18090933 Adjusted EBIT 32261000 Taxes paid/received -2841000 Taxes paid/received 329000 Acquisition of subsidaries -40000 Acquisition of subsidaries 0 Sale of subsidary entity 0 Sale of subsidary entity 49000 EY Godkendt Revisionspartnerselskab 30700228 Torben Bender State Authorised mne21332 State Authorised mne42791 30700228 EY Godkendt Revisionspartnerselskab