381886312016-11-172017-12-31381886312016-11-172017-12-311381886312016-11-172017-12-312381886312016-11-172017-12-311381886312016-11-172017-12-312381886312016-11-172017-12-31381886312016-11-172017-12-31381886312016-11-172017-12-31381886311899-12-301899-12-30381886312017-12-31381886311899-12-30xbrli:purexbrli:pureiso4217:EURxbrli:sharesWerner Ernst Spiegler Kim Hersland Executive Board Werner Ernst Spiegler Kim Hersland CEO CFO Werner Ernst Spiegler Kim Hersland Supervisory Board Werner Ernst Spiegler Kim Hersland CEO CFO ChairmanBoard MemberChairmanBoard MemberIngen bistandtrue675000Regnskabsklasse B6750067500 Reporting Class The Annual Report of Spiegler Assets Management ApS for 2016/17 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. The accounting policies applied remain unchanged from last year. As the financial year 2016/17 is the Company's first financial year, the Financial Statements with associated notes have been prepared without comparative figures from the previous year. Reporting currency The Annual Report is presented in Danish kroner. General Information Basis of recognition and measurement Income is recognised in the Income Statement as it is earned, including value adjustments of financial assets and liabilities that are measured at fair value or amortised cost. 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 accrue 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 attributable to the asset will flow out of the Company, and the value of the liability can be measured reliably. At initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Certain financial assets and liabilities are measured at amortised cost, which involves the recognition of a constant effective interest rate over the term. Amortised cost is calculated as original cost less repayments and with the addition/deduction of the accumulated amortisation of the difference between the cost and the nominal amount. This way, exchange losses and gains are allocated over the term. In connection with recognition and measurement, consideration is given to predictable losses and risks occurring prior to the presentation of the Annual Report, i.e. losses and risks which prove or disprove matters which exist at the balance sheet date. Income Statement Revenue Other external expenses Other external expenses comprise expenses regarding sale and administration. Financial income and expenses Financial income and expenses are recognised in the Income Statement with the amounts that concern the financial year. Financial income and expenses include interest income and expenses, realised and unrealised capital gains and losses regarding securities, debt and foreign currency transactions, dividends received from other equity investments, amortisation of financial assets and liabilities as well as surcharges and allowances under the tax repayment scheme. Tax on net profit/loss for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. Balance Sheet Inventories Inventories are valued at current price. The assessment is made by independent experts. The revaluation is recognized in the income statement. If no assesment is present, the purchase price is used. Receivables Receivables are measured at amortised cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand as well as short-term securities with a term of less than three months which can be converted directly into cash at bank and in hand and involve only an insignificant risk of value changes. Financial liabilities Fixed-rate loans such as mortgage loans and loans from credit institutions are recognised initially at the proceeds received less transaction expenses incurred. In subsequent periods, loans are measured at amortised cost so that the difference between the proceeds and the nominal value is recognised in the Income Statement as an interest expense over the term of the loan. Other liabilities are measured at amortised cost which usually corresponds to the nominal value. Current tax liabilities Current tax liabilities and current tax receivables are recognised in the Balance Sheet as calculated tax on the expected taxable income for the year, adjusted for tax on taxable income for previous years as well as for tax prepaid. Contingent assets and liabilities Contingent assets and liabilities are not recognised in the Balance Sheet but appear only in the notes. 3. Contingent liabilities There is no other contingent liabilities exist at the balance sheet date. 2. Contributed capital Additions during the year 6.750 Balance at the end of the year 6.750 The share capital has remained unchanged for the last 5 years. 1. Employee benefits expense Average number of employees 0 The company has had 0 employees in the fiscal year. 4. Collaterals and securities No securities or mortgages exist at the balance sheet date. 675006750000false67500675002800, Kongens LyngbyRustenborgvej 7a2018-05-312016-11-172018-05-3138188631ÅrsrapportKim HerslandSpiegler Assets Management ApSRevisionsfirmaet173, Lyngby-Tårbæk2017-12-312016-11-17The Company's Principal Activities Welcome to our 2017 Annual Report. The companys purpose is to conduct financing, trade, development, service and investment activity. In 2017, there has been no activity. Development in Activities and Financial Matters The Company's Income Statement of the financial year 17 November 2016 - 31 December 2017 shows a result of EUR and the Balance Sheet at 31 December 2017 a balance sheet total of EUR 6.750 and an equity of EUR 6.750. Post Balance Sheet Events No events have occurred after the balance sheet date which have significantly affected the company's financial position. The Company's Principal Activities Welcome to our 2017 Annual Report. The companys purpose is to conduct financing, trade, development, service and investment activity. In 2017, there has been no activity. Development in Activities and Financial Matters The Company's Income Statement of the financial year 17 November 2016 - 31 December 2017 shows a result of EUR and the Balance Sheet at 31 December 2017 a balance sheet total of EUR 6.750 and an equity of EUR 6.750. Post Balance Sheet Events No events have occurred after the balance sheet date which have significantly affected the company's financial position. Post financial year events After the end of the financial year, no events have occurred which may change the financial position of the entity substantially. 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 assets, liabilities and financial position of the Company at 31 December 2017 and of the results of the Company's operations for the financial year 17 November 2016 - 31 December 2017. 2018-05-31 Today, Management has considered and adopted the Annual Report of Spiegler Assets Management ApS for the financial year 17 November 2016 - 31 December 2017. CopenhagenWe recommend that the Annual Report be adopted at the Annual General Meeting. Today, Management has considered and adopted the Annual Report of Spiegler Assets Management ApS for the financial year 17 November 2016 - 31 December 2017. 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 assets, liabilities and financial position of the Company at 31 December 2017 and of the results of the Company's operations for the financial year 17 November 2016 - 31 December 2017. The conditions for deselecting an audit of the Financial Statement are met. Hence the Board of directors have decided to deselect to audit the Financial Statement for the coming financial year. We recommend that the Annual Report be adopted at the Annual General Meeting. Copenhagen, 31 May 2018 Executive Board Werner Ernst Spiegler Kim Hersland CEO CFO Supervisory Board Werner Ernst Spiegler Kim Hersland CEO CFO The conditions for deselecting an audit of the Financial Statement are met. Hence the Board of directors have decided to deselect to audit the Financial Statement for the coming financial year.