iso4217:DKK434664292023-01-012023-12-31434664292023-01-012023-12-311434664292023-01-012023-12-311434664292023-01-012023-12-312434664292023-01-012023-12-31434664292022-08-172022-12-31434664292023-01-012023-12-31fsa:RetainedEarningsMember434664292023-12-31434664292022-12-31434664292023-01-01fsa:ContributedCapitalMember434664292023-01-01fsa:RetainedEarningsMember434664292023-01-01434664292023-12-31fsa:ContributedCapitalMember434664292023-12-31fsa:RetainedEarningsMemberGrundlag for konklusionKonklusion2024-07-102024-07-10true339635562022-08-172022-12-31Aarhus C80002City Tower, VærkmestergadeDeloitte Statsautoriseret RevisionspartnerselskabMiddelfartMiddelfart5500Regnskabsklasse BtrueErklæring om udvidet gennemgang2023-12-312023-01-01<br /><br />16NyvangNORTH-TEC Danmark ApS43466429339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportThe Executive Board has today considered and approved the annual report of NORTH-TEC Danmark ApS for the financial year 01.01.2023 - 31.12.2023. 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 31.12.2023 and of the results of its operations for the financial year 01.01.2023 - 31.12.2023.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.MiddelfartRalf BrecklingJan MomsenTo the shareholders of NORTH-TEC Danmark ApSWe have performed an extended review of the financial statements of NORTH-TEC Danmark ApS for the ​financial year 01.01.2023 - 31.12.2023, 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 31.12.2023 and of the results of its operations for the financial year 01.01.2023 - 31.12.2023 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’ 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. 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 conclusion 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 by relevant law and regulations.<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 in the relevant law and regulations. We did not identify any material misstatement of the management commentary.In connection with our review, we can ascertain that the company has made a late and incorrect submission of the company's VAT, which may result in management incurring liability.AarhusMorten Gade Steinmetzmne34145State Authorised Public AccountantPrimary activitiesThe company's purpose is the sale and construction of biogas plants and related business.Description of material changes in activities and financesThe year's result shows a surplus of DKK 262k, which the management considers 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.330993-52313497601723792335797-56105738750261922-56105261922261922-561052106376016068360563037137750268303436779563968093677956396809367795400000400000205817-56105605817343895400000-56105343895400000205817332162201115832239007387501279663057909922390057909922390063968093677951 Other financial income 2023 DKK2022 DKKOther interest income3,9460Exchange rate adjustments1,03004,97602 Other financial expenses2023 DKK2022 DKKExchange rate adjustments1723,7921723,792<br />2023 DKK2022 DKKExchange rate adjustments1723,7921723,7923 Tax on profit/loss for the year2023 DKK2022 DKKChange in deferred tax73,875073,87504 EmployeesThe Entity has no employees other than the Executive Board. The Executive Officer has not received any ​​remuneration.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 a few provisions for reporting class C.The accounting policies applied to these financial statements are consistent with those applied last year.falseNon-comparabilityThis is only the second annual report. The numbers for previos year cover the periode from 17.08. - 31.12.2022.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, other operating income and consumables 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.Contract work in progress is recognized in the income statement, when delivery is made and risk has passed to the buyer (the invoicing method).Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for normal inventory writedowns.Other external expensesOther external expenses include expenses relating to the Entity’s normal activities.Other financial incomeOther financial income comprises interest income and transactions in foreign currencies.Other financial expensesOther financial expenses comprise transactions in foreign currencies.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.ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts.Contract work in progressContract work in progress is measured at cost of the work carried out at the balance sheet date, and the cost of the contract work in progress is recognized in the income statement, when delivery is made and risk has passed to the buyer (the invoicing method). Cost consists of cost of raw materials, consumables and direct labour costs used in the manufacturing process. Costs of sales work and of securing contracts, and finance costs are recognised in the income statement as incurred. PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at cost.CashCash comprises cash in hand and bank deposits.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.Prepayments received from customersPrepayments received from customers comprise amounts received from customers prior to delivery of the goods agreed or completion of the service agreed.Tax receivable or payableCurrent tax receivable or payable is recognised in the balance sheet, stated as tax computed on this year's taxable income, adjusted for prepaid tax.2024-07-10Henrik Lava Sand Rasmussen