Årsrapport32285201Martinsen, Statsautoriseret RevisionspartnerselskabEdison Park, 46715, Esbjerg N2016-01-202016-12-312017-07-0437397237Braci Holding ApSEdison Park46715Esbjerg N2016-01-20Martinsen, Statsautoriseret Revisionspartnerselskab32285201Lars Æbelø-Nielsenstatsautoriseret revisorEdison Park46715Esbjerg NDanmark76 11 44 002017-07-04Juma El-AwaisiRegnskabsklasse BAndre erklæringer uden sikkerhedkapitalejerneEsbjerg2017-07-04Esbjerg N2017-07-04-5000-5000-5000-5000-500050000050000050000005000005000050000500005000050000-500004500050000500005000050000500005000050000050000-5000-5000Juma El-AwaisiJuma El-AwaisiAmr WanlyAnwar AlmojarkeshThe board of directors and the managing director have today presented the annual report of Braci Holding ApS for the financial year 20 January to 31 December 2016. The annual report has been presented in accordance with the Danish Financial Statements Act. We consider the accounting policies used appropriate, and in our opinion the annual accounts provide a true and fair view of the company's assets and liabilities and its financial position as on 31 December 2016 and of the company's results of its activities in the financial year 20 January to 31 December 2016. The board of directors and the managing director considers the requirements of omission of audit of the annual accounts for 2016 as met. We are of the opinion that the management's review includes a fair description of the issues dealt with. The annual report is recommended for approval by the general meeting. We have compiled the annual accounts of Braci Holding ApS for the period 20 January to 31 December 2016 based on the bookkeeping of the company and on further information you have provided. The annual accounts comprise the accounting policies used, profit and loss account, balance sheet and notes We performed this engagement in accordance with ISRS 4410, Compilation Engagements. We have applied our professional expertise to assist you in the preparation and presentation of the annual accounts in accordance with the Danish Financial Statements Act. We have complied with relevant requirements of the Danish Act on Approved Auditors and Audit Firms and with ethical requirements of the Danish Institute of State Authorised Public Accountants, including principles of integrity, objectivity, professional competence and due care. The annual accounts and the accuracy and completeness of the information used to compile them are your responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile the annual accounts. Accordingly, we do not express an audit opinion or a review conclusion on whether the annual accounts are prepared in accordance with the Danish Financial Statements Act. The principal activities of the enterprise As its main activity, the company owns shares in an affiliated company. Development in activities and financial matters The results after tax are DKK -5.000. The management consider the results unsatisfactory The annual report for Braci Holding ApS is presented in accordance with those regulations of the Danish Financial Statements Act concerning companies identified as class B enterprises. The annual accounts are presented in Danish kroner (DKK). Gross loss The gross loss comprises external costs. Other external costs comprise costs for administration. Tax of the results for the year The tax for the year comprises the current tax for the year and the changes in deferred tax, and it is recognised in the profit and loss account with the share referring to the results for the year and directly in the equity with the share referring to entries directly on the equity. The company is subject to the Danish legislation concerning compulsory joint taxation with the Danish group enterprises. The company acts as an administration company in relation to the joint taxation. This means that the total Danish tax payable of the income of the Danish consolidated companies is paid to the tax authorities by the company. The current Danish corporate tax is allocated among the jointly taxed companies in proportion to their respective taxable income (full allocation with reimbursement of tax losses). Equity investments in group enterprises Equity investments in group enterprises are measured at cost. In case the recoverable amount is lower than the cost, writedown takes place to this lower value. Available funds Available funds comprise cash at bank and in hand. Liabilities Other liabilities are measured at amortised cost which usually corresponds to the nominal value. 3. Mortgage and securities None 4. Contingencies Joint taxation The company is the administration company of the group of companies subject to the Danish scheme of joint taxation and unlimited jointly and severally liable with the other jointly taxed companies for the total corporation tax. The company is unlimited jointly and severally liable with the other jointly taxed companies for any obligation to withhold tax on interest, royalties and dividends. Any subsequent adjustments of corporate taxes or withheld taxes etc. may cause changes in the company's liabilities. 373972372016-01-202016-12-31373972372016-01-19373972372016-12-31373972372016-01-202016-12-311373972372016-01-202016-12-312373972372016-01-202016-12-313373972372016-01-202016-12-311373972372016-01-202016-12-311373972372016-01-202016-12-31e:RetainedEarningsMember373972372016-01-20e:ContributedCapitalMember373972372016-01-202016-12-31e:ContributedCapitalMember373972372016-12-31e:ContributedCapitalMember373972372016-01-202016-12-31e:RetainedEarningsMember373972372016-12-31e:RetainedEarningsMemberiso4217:DKK