40922385 2024-01-01 2024-12-31 40922385 2024-01-01 2024-12-31 1 40922385 2023-01-01 2023-12-31 40922385 2024-12-31 40922385 2023-12-31 40922385 2022-12-31 fsa:ContributedCapitalMember 40922385 2023-01-01 2023-12-31 fsa:ContributedCapitalMember 40922385 2023-12-31 fsa:ContributedCapitalMember 40922385 2022-12-31 fsa:RetainedEarningsMember 40922385 2023-01-01 2023-12-31 fsa:RetainedEarningsMember 40922385 2023-12-31 fsa:RetainedEarningsMember 40922385 2022-12-31 40922385 2024-01-01 2024-12-31 fsa:ContributedCapitalMember 40922385 2024-12-31 fsa:ContributedCapitalMember 40922385 2024-01-01 2024-12-31 fsa:RetainedEarningsMember 40922385 2024-12-31 fsa:RetainedEarningsMember 40922385 2024-01-01 2024-12-31 1 40922385 2024-01-01 2024-12-31 1 40922385 2024-01-01 2024-12-31 2 40922385 2024-01-01 2024-12-31 3 40922385 2024-01-01 2024-12-31 2 iso4217:DKK APMHI GP APS Esplanaden 50 apmoller.com DK 1263 Copenhagen K Louise Dyrup Flensborg 56779 45120 7994 6045 64 30 64709 51135 17737 11226 46972 39909 46972 39909 345532 295575 345532 295575 345532 295575 40000 40000 276859 229887 316859 269887 14236 11250 14438 14438 28674 25688 28674 25688 345532 295575 40000 189978 229978 0 39909 40000 229887 0 46972 40000 276859 Note 1: Business activity The objective of the company is to act as a general partner of subsidiaries in APMH Invest A/S or associated companies, including activities related to this position. Note 2: Employee information Apart from the Executive Board, APMHI GP ApS has not had any employees in 2024. The Executive Board and Board of Directors have not received any remuneration from the com-pany and is remunerated by A.P. Møller Holding A/S. Note 3: Related parties APMHI GP ApS is included in the consolidated financial statements for A.P. Møller Holding A/S, Copenhagen, Denmark, Business Registration No 25 67 92 88. The consolidated financial statement of A.P. Møller Holding A/S can be required at www.cvr.dk. Note 4: Contingent liabilities The company is included in national joint taxation with Danish companies in the A.P. Moller Holding group. The company is jointly and severally liable for the payment of taxes and withholding tax. As general partner, the company is liable for claims against the limited partnerships. Note 5: Accounting policies INCOME STATEMENT Revenue Revenue comprise fees for acting as general partner and related activities. Gross profit before financial items With reference to section 32(1) of the Danish Financial Statements Act, the company has sum-marised certain items to gross result before financial items. Other financial income and expenses Other financial items comprise interest income, currency adjustments, etc. Tax Tax comprises an estimate of current and deferred income tax. Tax is recognised in the income statement to the extent it arises from items recognised in the income statement. BALANCE SHEET Cash and bank balances Cash and bank balances comprise cash at bank. Liabilities Other financial liabilities are measured at amortised cost, substantially corresponding to nominal value. true true Copenhagen Morten Vested Stakroge Jan Thorsgaard Nielsen Chair Martin Nørkjær Larsen Morten Vested Stakroge MANAGEMENT’S STATEMENT The Executive Board and Board of Directors have today consid-ered and adopted the Annual Report of APMHI GP ApS for the financial year 1 January - 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’s operations for 2024. We recommend that the Annual Report be adopted at the Annual General Meeting. OPINION 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 1 January - 31 December 2024 in accordance with the Dan-ish Financial Statements Act. We have audited the Financial Statements of APMH Invest XI ApS for the financial year 1 January - 31 December 2024, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies (“financial statements”). BASIS FOR OPINION We conducted our audit in accordance with International Stand-ards on Auditing (ISAs) and the additional requirements appli-cable in Denmark. Our responsibilities under those standards and requirements are further described in the “Auditor’s Re-sponsibilities for the Audit of the Financial Statements” section of our report. We are independent of the company in accord-ance 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 au-dit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. MANAGEMENT’S RESPONSIBILITIES FOR THE FINANCIAL STATEMENTS 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 prepara-tion of financial statements that are free from material misstate-ment, whether due to fraud or error. In preparing the financial statements, management is responsi-ble for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going con-cern and using the going concern basis of accounting in prepar-ing the financial statements unless management either intends to liquidate the company or to cease operations, or has no real-istic alternative but to do so. AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from mate-rial misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assur-ance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional re-quirements 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 fi-nancial statements. As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise pro-fessional judgment and maintain professional scepticism throughout the audit. We also:  Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, de-sign and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appro-priate to provide a basis for our opinion. The risk of not de-tecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may in-volve collusion, forgery, intentional omissions, misrepresen-tations, or the override of internal control. 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.  Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and re-lated disclosures made by management.  Conclude on the appropriateness of management’s use of the going concern basis of accounting in preparing the fi-nancial statements and, based on the audit evidence ob-tained, 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 con-clude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclo-sures 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 con-cern.  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. We communicate with those charged with governance regard-ing, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant de-ficiencies in internal control that we identify during our audit. INDEPENDENT AUDITOR’S REPORT To the shareholder of APMHI GP ApS Copenhagen PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Henrik Kyhnauv State Authorised Public Accountant mne40028 Alexander Oliver Duschek State Authorised Public Accountant mne47774 Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2024-01-01 2024-12-31 2023-01-01 2023-12-31 2025-01-15 Reporting class B 40922385 2025-01-15 33771231 Strandvejen 44 2900 Hellerup Opinion Basis for Opinion 2025-01-15 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab