39257637 2022-06-30 39257637 2021-06-30 39257637 2021-07-01 fsa:ContributedCapitalMember 39257637 2021-07-01 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 39257637 2021-07-01 fsa:RetainedEarningsMember 39257637 2021-07-01 fsa:ProposedDividendRecognisedInEquityMember 39257637 2022-06-30 fsa:ContributedCapitalMember 39257637 2022-06-30 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 39257637 2022-06-30 fsa:RetainedEarningsMember 39257637 2022-06-30 fsa:ProposedDividendRecognisedInEquityMember 39257637 2021-07-01 fsa:InvestmentsInGroupEnterprisesMember 39257637 2020-07-01 fsa:InvestmentsInGroupEnterprisesMember 39257637 2022-06-30 fsa:InvestmentsInGroupEnterprisesMember 39257637 2021-06-30 fsa:InvestmentsInGroupEnterprisesMember 39257637 2022-06-30 relatedEntityIdentifier_asso_list_1 fsa:SubsidiaryMember 39257637 2022-06-30 relatedEntityIdentifier_asso_list_2 fsa:SubsidiaryMember 39257637 2022-06-30 relatedEntityIdentifier_asso_list_3 fsa:SubsidiaryMember 39257637 2022-06-30 relatedEntityIdentifier_asso_list_4 fsa:SubsidiaryMember 39257637 2021-07-01 2022-06-30 39257637 2021-07-01 2022-06-30 1 39257637 2021-07-01 2022-06-30 memberOfBoardIdentifier_executive_board_1 39257637 2020-07-01 2021-06-30 39257637 2021-07-01 2022-06-30 fsa:ProposedDividendRecognisedInEquityMember 39257637 2020-07-01 2021-06-30 fsa:ProposedDividendRecognisedInEquityMember 39257637 2021-07-01 2022-06-30 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 39257637 2020-07-01 2021-06-30 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 39257637 2021-07-01 2022-06-30 fsa:RetainedEarningsMember 39257637 2020-07-01 2021-06-30 fsa:RetainedEarningsMember 39257637 2021-07-01 2022-06-30 fsa:ContributedCapitalMember 39257637 2021-07-01 2022-06-30 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 39257637 2021-07-01 2022-06-30 fsa:RetainedEarningsMember 39257637 2021-07-01 2022-06-30 fsa:ProposedDividendRecognisedInEquityMember 39257637 2021-07-01 2022-06-30 fsa:InvestmentsInGroupEnterprisesMember 39257637 2020-07-01 2021-06-30 fsa:InvestmentsInGroupEnterprisesMember 39257637 2021-07-01 2022-06-30 relatedEntityIdentifier_asso_list_1 fsa:SubsidiaryMember 39257637 2021-07-01 2022-06-30 relatedEntityIdentifier_asso_list_2 fsa:SubsidiaryMember 39257637 2021-07-01 2022-06-30 relatedEntityIdentifier_asso_list_3 fsa:SubsidiaryMember 39257637 2021-07-01 2022-06-30 relatedEntityIdentifier_asso_list_4 fsa:SubsidiaryMember iso4217:DKK pure Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2021-07-01 2020-07-01 2022-06-30 2021-06-30 39257637 The down under guys ApS Nørre Farimagsgade 63 1364 København K 2018-01-12 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Milnersvej 43 3400 Hillerød Denmark 2022-12-29 Jason Matthew Renwick Regnskabsklasse B Erklæring om udvidet gennemgang The Executive Board has today considered and adopted the Financial Statements of The down under guys ApS for the financial year 1 July 2021 - 30 June 2022. 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 30 June 2022 of the Company and of the results of the Company operations for 2021/22. In our opinion, Management's Review includes a true and fair account of the matters addressed in the Review. We recommend that the Financial Statements be adopted at the Annual General Meeting. 2022-12-29 Copenhagen Jason Matthew Renwick Manager To the shareholders of The down under guys ApS Opinion We have performed an extended review of the Financial Statements of The down under guys ApS for the financial year 1 July 2021 - 30 June 2022, 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 30 June 2022 and of the results of the Company´s operations for the financial year 1 July 2021 - 30 June 2022 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. Hillerød 2022-12-29 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Carsten Blicher State Authorised Public Accountant mne16560 Key activities The main activity is serving as holding company for companies in the restaurant business. Development in the year The income statement of the Company for 2021/22 shows a profit of DKK 2,953,485, and at 30 June 2022 the balance sheet of the Company shows positive equity of DKK 6,691,555. Subsequent events No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. -12895 -20848 2966720 335489 76 0 416 1272 2953485 313369 0 0 2953485 313369 5000000 0 -2033280 335489 -13235 -22120 4590771 2695371 11491482 6589362 6900711 3893991 6900711 3893991 6900711 3893991 4209931 2334417 355908 355908 4565839 2690325 24932 5046 50000 50000 628939 2662219 5000000 0 4761972 2456458 25455 382335 50000 50000 1012616 1025851 6691555 3738070 12500 12499 4799927 2851292 4799927 2851292 11491482 6589362 50000 2662219 1025851 0 0 -2033280 -13235 5000000 50000 628939 1012616 5000000 Share of profits of subsidiaries 2,966,720 335,489 2,966,720 335,489 76 0 416 1272 416 1272 1183372 1183372 40000 0 1223372 1183372 2710619 2326728 2966720 335489 0 48402 5677339 2710619 Souls ApS Copenhagen 100 Souls nr ApS Copenhagen 100 Surf Shack ApS Copenhagen 100 Souls i Carlsberg Byen ApS Copenhagen 100 Contingent liabilities The 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 The down under guys ApS, which is the management company of the joint taxation purposes. Moreover, the 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. The Annual Report of The down under guys ApS for 2021/22 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 accounting policies applied remain unchanged from last year. The Financial Statements for 2021/22 are presented in DKK. With reference to section 110 of the Danish Financial Statements Act, no consolidated financial statements are prepared. 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. Other external expenses comprise expenses for premises, sales and 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. The item “Income from investments in subsidiaries” in the income statement includes the proportionate share of the profit for the year. 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 it's subsidiaries. The tax effect of the joint taxation is allocated to Danish enterprises in proportion to their taxable incomes. Investments in subsidiaries are recognised and measured under the equity method. The item “Investments in subsidiaries” in the balance sheet include the proportionate ownership share of the net asset value of the enterprises calculated on the basis of the fair values of identifiable net assets at the time of acquisition. The total net revaluation of investments in subsidiaries is transferred upon distribution of profit to “Reserve for net revaluation under the equity method“ under equity. The reserve is reduced by dividend distributed to the Parent Company and adjusted for other equity movements in the subsidiaries. Receivables are measured in the balance sheet at the lower of amortised cost and net realisable value, which corresponds to nominal value less provisions for bad debts. Dividend distribution proposed by Management for the year is disclosed as a separate Dividend item. 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.