41648651 2024-01-01 2024-12-31 41648651 2024-01-01 2024-12-31 0 41648651 2023-01-01 2023-12-31 41648651 2024-12-31 41648651 2023-12-31 41648651 2024-01-01 fsa:ContributedCapitalMember 41648651 2024-01-01 fsa:RetainedEarningsMember 41648651 2024-01-01 41648651 2024-01-01 2024-12-31 fsa:ContributedCapitalMember 41648651 2024-01-01 2024-12-31 fsa:RetainedEarningsMember 41648651 2024-12-31 fsa:ContributedCapitalMember 41648651 2024-12-31 fsa:RetainedEarningsMember iso4217:DKK Annual report 2025-06-25 Masis Verdanyan EVERCARE Ventures ApS Amaliegade 6 2 tv 1256 København K 41648651 2024-01-01 2024-12-31 <p xmlns="http://www.w3.org/1999/xhtml">Management has today considered and approved the annual report for the financial year 01. January 2024 - 31. December 2024 for EVERCARE Ventures ApS. <br/> <br/> The annual report is presented in accordance with the Danish Financial Statements Act. <br/> <br/> Management believes that the financial statements give a true and fair view of the company's assets, liabilities and financial position and of the result. <br/> <br/> The annual report is submitted for approval by the General Assembly.</p> Management considers the conditions for opting out of audit to be met. Copenhagen 2025-06-25 Masis Vardanyan <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Business review</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">The purpose of the Company is to hold ownership interests in other companies and to make other investments, as assessed by Management.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Financial review</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">The income statement shows a loss of t.DKK 2.212, compared to a loss of t.DKK 40.387 the previous year. As of 31 December 2024, the balance sheet shows total assets of t.DKK 2.612 and negative equity of t. DKK 43.471 While the result is not entirely satisfactory, Management considers it to be in line with the nature of holding company operations.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">In the financial year, the Company incurred significant interest expenses on loans and did not generate any income or positive cash flow. As a result, the Company has lost its share capital. To date, the Company’s operations and investments have been financed through long-term loans from Management.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Management assesses that the necessary financing and liquidity will be made available, and therefore the annual financial statements have been prepared on a going concern basis.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The Company has lost more than half of its contributed capital and is thereby subject to the provisions of section 119 of the Danish Companies Act regarding capital loss. Management expects that the equity position can be restored through capital gains on new investments, additional equity and hybrid financing from the shareholder and Management, as well as a restructuring of the loan portfolio. This outlook is considered consistent with the business model of investment companies.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Events after the balance sheet date</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">No events have occurred after the balance sheet date that materially affect the Company’s financial position.</p> The annual report has been prepared in accordance with the regulation applying to Reporting class B.<br xmlns="http://www.w3.org/1999/xhtml"/>There have been options of certain rules in reporting class C.<br xmlns="http://www.w3.org/1999/xhtml"/> Reporting class B <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The accounting policies remain unchanged from the previous year.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The financial statements are presented in Danish kroner (DKK).</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>General Recognition and Measurement Principles</strong> <br/> Income is recognized in the income statement as it is earned, including the recognition of value adjustments of financial assets and liabilities. All expenses are also recognized in the income statement, including depreciation and impairment losses.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Assets are recognized in the balance sheet when it is probable that future economic benefits will flow to the company, and the asset's value can be measured reliably.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Liabilities are recognized in the balance sheet when it is probable that future economic benefits will flow out of the company, and the liability can be measured reliably.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">At initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each individual financial statement item below.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Certain financial assets and liabilities are measured at amortized cost, whereby a constant effective interest rate is recognized over the term. Amortized cost is calculated as the original cost less any repayments and with the addition or deduction of the accumulated amortization of the difference between cost and nominal amount.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Recognition and measurement take into account foreseeable losses and risks arising before the annual report is presented, which confirm or invalidate circumstances existing at the balance sheet date.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">The carrying amount of intangible and tangible fixed assets is reviewed annually to determine whether there is any indication of impairment beyond what is expressed through normal depreciation. If this is the case, a write-down is made to the lower recoverable amount.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Foreign currency translation</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">On initial recognition, transactions denominated in foreign currencies are translated at the exchange rate prevailing on the transaction date. Foreign exchange differences arising between the exchange rate on the transaction date and the payment date are recognised in the income statement as financial income or financial expenses.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Receivables, payables, and other monetary items denominated in foreign currencies are translated at the exchange rate at the balance sheet date. The difference between the exchange rate at the balance sheet date and the rate at the time the receivable or payable arose or was recognised in the most recent financial statements—is recognised in the income statement as financial income or financial expenses.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Income statement</strong></p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Gross profit/loss</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Revenue and external expenses are aggregated into a single line item in the income statement titled Gross profit/loss <em> </em>in accordance with section 32 of the Danish Financial Statements Act.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Other external expenses</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Other external expenses include costs incurred during the year that relate to the Company’s core activities, such as legal, accounting, and administrative expenses.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Financial income and expenses</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Financial income and expenses are recognised in the income statement to the extent they relate to the financial year. Net financials include interest income and expenses, as well as allowances and surcharges under the advance payment-of-tax scheme, etc.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Balance sheet</strong></p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Investments in participating interests</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Investments in group entities and associates are measured at cost. Dividends received that exceed the accumulated earnings in the group entity or associate during the ownership period are recognised as a reduction in the cost of acquisition.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Impairment of fixed assets</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">The carrying amount of investments in participating interests is assessed for impairment on an annual basis.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Impairment tests are conducted on individual assets or groups of assets when there is indication of impairment. The carrying amount of impaired assets is reduced to the recoverable amount, defined as the higher of fair value less costs to sell and value in use.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Value in use is calculated as the present value of the expected net cash flows from continued use of the asset or group of assets, and from disposal at the end of their useful life.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Previously recognised impairment losses are reversed if the reason for the impairment no longer exists. Impairment losses on goodwill are not reversed.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Cash</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">Cash comprises cash in hand and short-term securities that are readily convertible into cash and subject only to insignificant risk of changes in value.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml"> <strong>Liabilities</strong></p> <p xmlns="http://www.w3.org/1999/xhtml">The Company has adopted IAS 39 as the basis for accounting for financial liabilities. Financial liabilities are initially recognised at the date of borrowing at the net proceeds received, less transaction costs. Subsequently, financial liabilities are measured at amortised cost, corresponding to the capitalised value using the effective interest method. The difference between the proceeds and the nominal value is recognised in the income statement over the term of the loan. Financial liabilities also include capitalised residual lease liabilities under finance leases.</p> <p xmlns="http://www.w3.org/1999/xhtml"> </p> <p xmlns="http://www.w3.org/1999/xhtml">Other liabilities are measured at net realisable value.</p> -56894 -35306 -56894 -35306 0 -38398514 242 4285 2155529 1957131 -2212181 -40386666 0 0 -2212181 -40386666 -2212181 -40386666 -2212181 -40386666 2610764 0 2610764 0 2610764 0 1383 195 1383 195 2612147 195 40000 40000 -43511349 -41299168 -43471349 -41259168 6875 1276834 46076621 39982529 46083496 41259363 46083496 41259363 2612147 195 40000 -41299168 -41259168 0 -2212181 -2212181 40000 -43511349 -43471349 <table xmlns="http://www.w3.org/1999/xhtml" class="incomeStatement" style="border:0; margin-bottom: 20px;"> <thead> <tr class="header1"> <th class="col1"/> <th class="col2"/> <th class="col3">2024</th> </tr> </thead> <tbody> <tr> <td class="col1 dotted"> <span> Average number of employees </span> </td> <td class="col2"> </td> <td class="col3"> 0 </td> <td class="col4 lastyear"> </td> </tr> </tbody> </table> 0 false false true true Erhvervsstyrelsen Regnskab Basis 2023-12-31 2023-01-01 No audit assistance Financial Outsourcing Raffinaderivej 10E 2300 København S