xbrli:pureiso4217:DKK320891352021-01-012021-12-31320891352021-01-012021-12-311320891352021-01-012021-12-311320891352021-01-012021-12-311320891352021-01-012021-12-312320891352021-01-012021-12-313320891352021-01-012021-12-31320891352020-01-012020-12-31320891352021-01-012021-12-31fsa:ProposedDividendRecognisedInEquityMember320891352020-01-012020-12-31fsa:ProposedDividendRecognisedInEquityMember320891352021-01-012021-12-31fsa:RetainedEarningsMember320891352020-01-012020-12-31fsa:RetainedEarningsMember320891352021-01-012021-12-31fsa:RetainedEarningsMember320891352021-01-012021-12-31fsa:ProposedDividendRecognisedInEquityMember320891352021-12-31320891352020-12-31320891352021-01-01fsa:ContributedCapitalMember320891352021-01-01fsa:RetainedEarningsMember320891352021-01-01fsa:ProposedDividendRecognisedInEquityMember320891352021-01-01320891352021-12-31fsa:ContributedCapitalMember320891352021-12-31fsa:RetainedEarningsMember320891352021-12-31fsa:ProposedDividendRecognisedInEquityMemberGrundlag for konklusionKonklusion2022-06-282022-06-28true339635562020-01-012020-12-31Aarhus C80002City Tower, VærkmestergadeDeloitte Statsautoriseret RevisionspartnerselskabAarhusRisskov8240Regnskabsklasse BErklæring om udvidet gennemgang2021-12-312021-01-011<br /><br />14VoldbjergvejAarhus Geophysics ApS32089135339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportThe Board of Directors and the Executive Board have today considered and approved the annual report of Aarhus Geophysics ApS for the financial year 01.01.2021 - 31.12.2021.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 31.12.2021 and of the results of its operations for the financial year 01.01.2021 - 31.12.2021.We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.We recommend to the Annual General Meeting that the financial statements for the next financial year not be audited.We recommend the annual report for adoption at the Annual General Meeting.RisskovAndrea ViezzoliHenrik Ekkert SabraNiels-Peter JensenAndrea ViezzoliTo the shareholders of Aarhus Geophysics ApSWe have performed an extended review of the financial statements of Aarhus Geophysics ApS for the ​financial year 01.01.2021 - 31.12.2021, 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. 31.12.2021 and of the results of its operations for the financial year 01.01.2021 - 31.12.2021 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.AarhusJacob Nørmarkmne30176State Authorised Public AccountantPrimary activitiesThe Company’s primary activity is to develop and sell software used in analysing geophysical measurements as well as any related activities.Development in activities and financesThe profit for the year amounts to DKK 66 thousand, which Management does consider satisfactory.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.801620111946174318668599258434433469329241347316375120207498343492294631024886552033243450000150000155201824341552050000460000460000460000243665058982453704890350589802588802588811685319133911217434144517712634341445177612506125010159821000462500001500001127232121171261250100046215000012117126125010159825000099599560000600000960807520776390136202233465136202233465126343414451770-150000-1500001 Staff costs2021 DKK2020 DKKWages and salaries621,555574,885Pension costs119,321108,000Other social security costs2,3103,107743,186685,992Average number of full-time employees11112 Other financial income 2021 DKK2020 DKKExchange rate adjustments11,58512,943Fair value adjustments20,662115Other financial income67741532,92413,4733 Tax on profit/loss for the year2021 DKK2020 DKKCurrent tax17,46396,080Adjustment concerning previous years(8,000)6,4089,463102,4884 Financial assetsOther investments DKKAdditions46,000Cost end of year46,000Carrying amount end of year46,000This 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.falseRecognition 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.Foreign currency translationOn initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Receivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the balance sheet date. Exchange differences that arise between the rate at the transaction date and the rate in effect at the payment date, or the rate at the balance sheet date, are recognised in the income statement as financial income or financial expenses. Gross profit or lossGross profit or loss comprises revenue, work in progress, other operating income and external expenses. RevenueRevenue from the sale of services is recognised in the income statement when delivery is made to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary activities.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.Staff costsStaff costs comprise salaries and wages as well as social security contributions, pension contributions, etc for entity staff.Other financial incomeOther financial income comprises interest income and net capital or exchange gains on transactions in foreign currencies etc. Other financial expensesOther financial expenses comprise interest expenses and net capital or exchange losses on transactions in foreign currencies etc. Tax on profit/loss for the yearTax 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.Other investmentsOther investments comprise unlisted equity investments measured at the lower of cost and net realisable value.ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts. Tax payable or receivableCurrent tax payable or receivable is recognised in the balance sheet, stated as tax computed on this year's taxable income, adjusted for prepaid tax.Other investmentsOther current asset investments comprise listed securities measured at fair value (market price) at the balance sheet date.CashCash comprises bank deposits.DividendDividend 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. Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.2022-06-28Andrea Viezzoli