xbrli:pureiso4217:DKK396092072020-05-012021-04-30396092072020-05-012021-04-301396092072020-05-012021-04-301396092072020-05-012021-04-301396092072020-05-012021-04-302396092072020-05-012021-04-303396092072020-05-012021-04-30396092072019-05-012020-04-30396092072020-05-012021-04-30fsa:RetainedEarningsMember396092072019-05-012020-04-30fsa:RetainedEarningsMember396092072020-05-012021-04-30fsa:RetainedEarningsMember396092072021-04-30396092072020-04-30396092072020-05-01fsa:ContributedCapitalMember396092072020-05-01fsa:ReserveForDevelopmentExpenditureMember396092072020-05-01fsa:RetainedEarningsMember396092072020-05-01396092072021-04-30fsa:ContributedCapitalMember396092072021-04-30fsa:ReserveForDevelopmentExpenditureMember396092072021-04-30fsa:RetainedEarningsMember396092072020-05-012021-04-30fsa:ReserveForDevelopmentExpenditureMembertrue339635562019-05-012020-04-30Odense51005Tværkajen, Postboks 10Deloitte Statsautoriseret RevisionspartnerselskabHobroHobro9500Regnskabsklasse BErklæring om udvidet gennemgang2021-04-302020-05-01<br /><br />19SjællandsvejHapptec ApS39609207339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportJutlander BankAdelgade 279500 HobroAdvokatfirmaet.dk I/SGøteborgvej 189200 Aalborg SVThe Board of Directors and the Executive Board have today considered and approved the annual report of Happtec ApS for the financial year 01.05.2020 - 30.04.2021.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 Entity’s financial position at 30.04.2021 and of the results of its operations for the financial year 01.05.2020 - 30.04.2021.We believe that the management commentary contains a fair review of the affairs and conditions referred to
therein.We recommend the annual report for adoption at the Annual General Meeting.Hobro2021-06-25Casper HansenCEOJakob Goul RømsgaardCasper HansenAndreas Holmetoft Lyderchairmanboard memberboard memberTo the shareholders of Happtec ApSWe have performed an extended review of the financial statements of Happtec ApS for the
financial year 01.05.2020 - 30.04.2021, 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.
Based on our extended review, in our opinion, the financial statements give a true and fair view of the Entity’s
financial position at. 30.04.2021 and of the results of its operations for the
financial year 01.05.2020 - 30.04.2021 in accordance with the Danish Financial
Statements Act.We conducted our extended review in accordance with the assurance engagement standard for small enterprises
as issued by the Danish Business Authority and the standard on extended review of financial statements
prepared in accordance with the Danish Financial Statements Act as issued by FSR - Danish Auditors.
Our responsibilities under those standards and requirements are further described in the ”Auditor’s responsibilities
for the extended review of the financial statements” section. We are independent of the Entity 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 evidence we have obtained is
sufficient and appropriate to provide a basis for our conclusion.Management 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, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting unless Management either intends to liquidate the Entity or to cease operations, or has
no realistic alternative but to do so.Our responsibility is to express a conclusion on the financial statements. This requires that we plan and
perform procedures to obtain limited assurance about our conclusion on the financial statements and that
we also perform specifically required supplementary procedures for the purpose of obtaining additional assurance
about our conclusion.
An extended review consists of making inquiries, primarily of management and, if appropriate, of other entity
personnel, performing analytical and the specifically required supplementary procedures as well as evaluating
the evidence obtained.
The procedures performed in an extended review are less in scope than in an audit, and accordingly we do
not express an audit opinion on the financial statements.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 extended review 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 extended review 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.<br />Based on the work we have performed, we conclude that the management commentary is in accordance with
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.Odense2021-06-25Bo Damgaard Hansenmne34543State Authorised Public AccountantPrimary activitiesThe company's primary activities are within development, marketing and sales of production and
Mechanical engineering. Development in activities and financesThe management are considering the result as expected.
The company has lost more than 50% of its equity. It is expected that the equity can be re-established.Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of
this annual report.118393-1223272890615402411463900-1317058-1763513652212080-1353580-188431-1353580-188431-13535800126237901262379075000750001269879052700176650229355938054596098959133086850000500000984656-1755500-1386576-1705500-35192050000984656-1386576-351920500000-17555002000002000000914552000002914551780711600148735211959784006440401193511505559139133317055591682788591330868-98465698465601 Going concernThe shareholders have undertaken to support Happtec ApS with the necessary liquidity that may be necessary for Happtec ApS to meet its obligations.
2 Gross profit
/lossThe company has received salary compensation for a total of DKK 70,000 which is included in the annual report for year 2020/21. 3 Staff costs2020/21
DKK2019/20
DKKWages and salaries277,3971,014,617Pension costs10,3390Other social security costs1,3254,229Other staff costs02,030289,0611,020,876Staff costs classified as assets0(966,852)289,06154,024Average number of full-time employees21214 Other financial expenses2020/21
DKK2019/20
DKKFinancial expenses from group enterprises35,87411,384Other interest expenses64869636,52212,080<br />2020/21
DKK2019/20
DKKFinancial expenses from group enterprises35,87411,384Other interest expenses64869636,52212,0805 Intangible assetsDevelopment projects in progress
DKKCost beginning of year1,262,379Cost end of year1,262,379Impairment losses for the year(1,262,379)Amortisation and impairment losses end of year(1,262,379)Carrying amount end of year06 Development projectsThe management has this year re-evaluated the development project. Based on these assessments, the management as chosen to depreciate the project to an accounting value of DKK 0. 7 Financial assetsDeposits
DKKCost beginning of year7,500Disposals(7,500)Cost end of year0Carrying amount end of year08 Subordinate loan capitalThe subordinate loan amounts to a total of DKK 200,000 and relates to Technicon Holding ApS and A.H Lyder Holding ApS. The interest is calculated to be 0% until the company generate profit. The loan is subordinate to all other creditors<br />9 Non-current liabilities other than provisionsDue after more than 12 months
2020/21
DKKOutstanding after 5 years
2020/21
DKKSubordinate loan capital200,000200,000200,000200,00010 Contingent liabilitiesThe Entity participates in a Danish joint taxation
arrangement where Technicon Holding ApS serves as the administration company. According to the joint taxation provisions of
the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly
taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is
disclosed in the administration company's financial statements.This 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.The accounting policies applied to these financial statements are consistent with those applied last year.falseNon-comparabilityThe reserve for development expenditure was
miscalculated last year.
The comparative figures have been adjusted with DKK 1,886,108 between reserve for
development expenditure
and Retained earnings.
Recognition and measurementAssets 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.Gross profit or lossGross profit or loss comprises revenue, changes in inventories of finished goods and work in progress, own
work capitalised, other operating income, cost of raw materials and consumables and external expenses.RevenueRevenue from the sale of manufactured goods and goods for resale is recognised in the income statement
when delivery is made and risk has passed to the buyer.Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary
activities.Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for ordinary
inventory writedowns.Costs of raw materials and consumablesCosts of raw materials and consumables comprise the consumption of raw materials and consumables for
the financial year after adjustment for changes in inventories of these goods from the beginning to the end
of the year. This item includes shrinkage, if any, and ordinary writedowns of the relevant inventories.Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for
premises, stationery and office supplies, marketing costs, etc. This item also includes writedowns of
receivables recognised in current assets.Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc
for entity staff.Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses relating to property, plant and equipment and intangible
assets comprise depreciation, amortisation and impairment losses for the financial year, and gains and
losses from the sale of intangible assets and property, plant and equipment.Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group
enterprises.Intellectual property rights etcIntellectual property rights etc comprise development projects completed and in progress with related
intellectual property rights, acquired intellectual property rights and prepayments for intangible assets.Development projects on clearly defined and identifiable products and processes, for which the technical rate
of utilisation, adequate resources and a potential future market or development opportunity in the enterprise
can be established, and where the intention is to manufacture, market or apply the product or process in
question, are recognised as intangible assets. Other development costs are recognised as costs in the income
statement as incurred. When recognising development projects as intangible assets, an amount equalling
the costs incurred less deferred tax is taken to equity under Reserve for development costs that is reduced
as the development projects are amortised and written down.
The cost of development projects comprises costs such as salaries and amortisation that are directly and
indirectly attributable to the development projects.
Indirect production costs in the form of indirectly attributable staff costs and amortisation of intangible
assets and depreciation of property, plant and equipment used in the development process are recognised
in cost based on time spent on each project.
Intellectual property rights etc are written down to the lower of recoverable amount and carrying amount.ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and
doubtful debts.CashCash comprises cash in hand and bank deposits.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.Deferred incomeDeferred income comprises income received for recognition in subsequent financial years. Deferred income
is measured at cost.2021-06-25Jakob Rømsgaard