45083306 2024-12-31 45083306 2024-09-17 fsa:ContributedCapitalMember 45083306 2024-09-17 fsa:RetainedEarningsMember 45083306 2024-12-31 fsa:ContributedCapitalMember 45083306 2024-12-31 fsa:RetainedEarningsMember 45083306 2024-09-17 fsa:OtherInvestmentsMember 45083306 2024-12-31 fsa:OtherInvestmentsMember 45083306 2024-09-17 2024-12-31 45083306 2024-09-17 2024-12-31 1 45083306 2024-09-17 2024-12-31 memberOfBoardIdentifier_executive_board_1 45083306 2024-09-17 2024-12-31 memberOfBoardIdentifier_executive_board_2 45083306 2024-09-17 2024-12-31 memberOfBoardIdentifier_executive_board_3 45083306 2024-09-17 2024-12-31 fsa:ContributedCapitalMember 45083306 2024-09-17 2024-12-31 fsa:RetainedEarningsMember 45083306 2024-09-17 2024-12-31 fsa:OtherInvestmentsMember iso4217:EUR pure Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2024-09-17 2024-12-31 45083306 NEINV ApS Europaplads 8B 8000 Aarhus C 2024-09-17 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Jens Chr. Skous Vej 1 8000 Aarhus C Denmark 89 32 00 00 aarhus@pwc.dk 2025-06-16 Patrick Krintel Johansen Regnskabsklasse B Erklæring om udvidet gennemgang The Executive Board has today considered and adopted the Annual Report of NEINV ApS for the financial year 17 September - 31 December 2024. The Annual Report is prepared in accordance with the Danish Financial Statements Act. In our opinion the Financial Statements give a true and fair view of the financial position at 31 December 2024 of the Company and of the results of the Company operations for 2024. We recommend that the Annual Report be adopted at the Annual General Meeting. 2025-06-16 Aarhus C Simon Birch Hansen Martin Busekist Kjerkegaard Christian Friederich Harr To the shareholders of NEINV ApS Opinion We have performed an extended review of the Financial Statements of NEINV ApS for the financial year 17 September - 31 December 2024, which comprise 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 the work performed, in our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2024 and of the results of the Company´s operations for the financial year 17 September - 31 December 2024 in accordance with the Danish Financial Statements Act. Basis for Opinion We conducted our extended review in accordance with the Danish Business Authority´s Assurance Standard for Small Enterprises and FSR – Danish Auditors´ standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the ”Practitioner´s responsibilities for the extended review of the Financial Statements” section of our report. We are independent of the Company 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 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. Our responsibility is to express a conclusion on the Financial Statements. This requires that we plan and perform procedures to obtain limited assurance in respect of our conclusion on the Financial Statements and, moreover, that we perform supplementary procedures specifically required to obtain additional assurance in respect of our conclusion. An extended review consists of making inquiries, primarily of Management and others within the enterprise, as appropriate, and applying analytical procedures and the supplementary procedures specifically required as well as assessing the evidence obtained. An extended review is less in scope than an audit and, consequently, we do not express an audit opinion on the Financial Statements. Aarhus C 2025-06-16 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Christine Tveteraas State Authorised Public Accountant mne34341 -2000 127000 -129000 -28000 -101000 -101000 12000000 12000000 12000000 28000 28000 13000 41000 12041000 13000 -101000 -88000 12127000 2000 12129000 12129000 12041000 13000 0 0 -101000 13000 -101000 The entity has lost more than half of nominal amount of share capital. The entity has examined the regulations in the danish "Selskabslov" § 119. The share capital is considered to be reestablished through dividends from the investments within the next 12 months. In terms of the short term debt to related parties, the parent has acknowledged that they wont demand payment of the debt beyond the amount of its available free liquidity until the next annual general meeting. Based on the mentioned matters the Executive management consider that the capital readiness within the entity is sufficient. The company's purpose is to own shares in other capital companies (Nitor Energy A/S) and matters naturally related. 127000 127000 -28000 -28000 0 12000000 12000000 12000000 0 Other contingent liabilities The Danish group companies are jointly and severally liable for tax on the jointly taxed incomes etc of the Group. The total amount of corporation tax payable is disclosed in the Annual Report of Nitor Holding ApS, which is the management company of the joint taxation purposes. Moreover, the Danish group companies are jointly and severally liable for Danish withholding taxes by way of dividend tax, tax on royalty payments and tax on unearned income. Any subsequent adjustments of corporation taxes and withholding taxes may increase the Company's liability. Consolidated Financial Statements The Company is included in the Group Annual Report of the Parent Company of the largest and smallest group: Name Place of registered office Nitor Holding ApS, CVR: 45 07 08 67 Aarhus C, Denmark The Annual Report of NEINV ApS for 2024 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B as well as selected rules applying to reporting class C. The Financial Statements for 2024 are presented in TEUR. true 1 Revenues are recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow to the Company, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow out of the Company, and the value of the liability can be measured reliably. Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Eur is used as the presentation currency. All other currencies are regarded as foreign currencies. Transactions in foreign currencies are translated at the exchange rates at the dates of transaction. Gains and losses arising due to differences between the transaction date rates and the rates at the dates of payment are recognised in financial income and expenses in the income statement. Receivables, payables and other monetary items in foreign currencies that have not been settled at the balance sheet date are translated at the exchange rates at the balance sheet date. Any differences between the exchange rates at the balance sheet date and the rates at the time when the receivable or the debt arose are recognised in financial income and expenses in the income statement. Fixed assets acquired in foreign currencies are measured at the transaction date rates. Other external expenses comprise expenses for administration as well as office expenses, etc. With reference to section 32 of the Danish Financial Statements Act, gross profit/loss comprises of other external expenses. Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. Tax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity. The Company is jointly taxed with the Parent company and other danish subsidiaries. The tax effect of the joint taxation is allocated to enterprises in proportion to their taxable incomes. Investments which are not traded in an active market are measured at the lower of cost and recoverable amount. Current tax liabilities and receivables are recognised in the balance sheet as the expected taxable income for the year adjusted for tax on taxable incomes for prior years and tax paid on account. Extra payments and repayment under the on-account taxation scheme are recognised in the income statement in financial income and expenses. Debts are measured at amortised cost, substantially corresponding to nominal value.