28100973 2017-01-01 2017-12-31 28100973 2017-01-01 2017-12-31 0 28100973 2017-01-01 2017-12-31 0 28100973 2017-01-01 2017-12-31 0 28100973 2017-01-01 2017-12-31 1 28100973 2017-01-01 2017-12-31 2 28100973 2017-01-01 2017-12-31 3 28100973 2017-01-01 2017-12-31 1 28100973 2016-01-01 2016-12-31 28100973 2017-12-31 28100973 2016-12-31 28100973 2017-01-01 2017-12-31 0 28100973 2016-01-01 2016-12-31 1 28100973 2017-01-01 2017-12-31 2 28100973 2016-01-01 2016-12-31 3 28100973 2017-01-01 2017-12-31 4 28100973 2016-01-01 2016-12-31 5 28100973 2017-01-01 2017-12-31 0 28100973 2016-01-01 2016-12-31 1 28100973 2017-01-01 2017-12-31 0 28100973 2016-01-01 2016-12-31 1 28100973 2017-01-01 28100973 2016-01-01 iso4217:USD xbrli:pure 2017-01-01 2017-12-31 Norient Product Pool ApS Strandvejen 52 DK-2900 Hellerup +45 3271 2300 +45 3271 2349 all@norientpool.corn www.norientpool.com 28100973 13 Gentofte 2018-04-05 Jan Rindbo <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 Statement</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 Executive and Board of Directors have today considered and adopted the Annual Report of Norient Product Pool ApS for the financial year 1 January — 31 December 2017.</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 Annual Report is prepared in accordance with International Financial Reporting Standards as adopted by the EU and further requirements in 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">In our opinion, the Financial Statements give a true and fair View of the financial position at 31 December 2017 of Company and of the results of the Company operations and cash flows for 2017.</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 adopted at the Annual General Meeting.</td></tr></table> 2018-04-05 <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 Norient Product Pool ApS</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">In our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2017, and of the results of the Company’s operations and cash flows for the financial year 1 January - 31 December 2017 in accordance with International Financial Reporting Standards as adopted by the EU and further requirements in the Danish Financial Statements Act.</td></tr><tr><td colspan="1">We have audited the Financial Statements of Norient Product Pool ApS for the financial year 1 January — 31 December 2017, which comprise financial statement, statement of comprehensive income, balance sheet, statement of changes in equity, cash flow statement and notes, including a summary of significant accounting policies (“Financial Statements”).</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 the 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 are independent of the Company in accordance with the International Ethics Standards Board for 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.</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 further requirements in 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.</td></tr><tr><td colspan="1">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.</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 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 exists. 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.</td></tr><tr><td colspan="1">As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional skepticism 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 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.</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 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 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 Company’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 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 disclosures, and whether the Financial Statements represent the underlying transactions and events in a 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 timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.</td></tr></table> Hellerup 2018-04-05 13255585 7826313 5429272 3853084 12888 1563300 15768 90615 1488453 257048 1231405 314634 69219 245415 1476820 344783 310773 15768 90615 7581 1804533 3242 494 -2748 1500000 -203268 1598517 Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2016-01-01 2016-12-31 Revisionspåtegning Strandvejen 44 DK-2900 Hellerup PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Bo Schou-Jacobsen State Authorised Public Accountant mne28703 Søren Huscher Jan Rindbo Chairman Themis Papadopoulos Vice Chairman Henrik Lykkegaard Madsen Jan Lissow Christian Bagi Nordsten State Authorised Public Accountant mne36170 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 12303695 7451644 4852051 3015405 12717 1823929 1806 196136 1629599 397575 1232024 -226546 -49840 -176706 1055318 673183 -1830351 1806 196136 -46002 -73472 0 0 81438 2200000 -7528910 -7520944 24778 1907367 56341 1988486 1233027 0 364136 1597163 13464925 15062088 17050574 91190 68709 2357731 2517630 0 0 0 431459 12524389 30159 1546937 14532944 14532944 17050574 13464925 34918 1592733 347867 1975518 1095741 0 320655 1416396 11866408 13282804 15258322 91190 -176706 2626326 2540810 0 0 0 358242 11227657 3075 1128539 12717513 12717513 15258322 11866408 Net profit/loss for the year 1231405 Net profit/loss for the year 1232024 Cash flows from operating activities before financial income and expenses 1886961 Cash flows from operating activities before financial income and expenses 74856 Cash flows from ordinary activities 1812114 Cash flows from ordinary activities -119474 Liquidation of subsidiary 0 Liquidation of subsidiary 81438 Change in payable from shareholders 1296732 Change in payable from shareholders -5328910 11866408 19387352