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According to the joint taxation provisions of the Danish Corporation Tax Act, the Company is therefore liable from the financial year 2013 for income taxes etc. for the jointly taxed companies and from 1 July 2012 also for obligations, if any, relating to the withholding of tax on interest, royalties and dividends for these companies.The Company has registered the following shareholders to hold more than 5% of the voting share capital or of the nominal value of the share capital: Kim Thomas Rasmussen, Domaine du Colombier 166, Allée des acacias 06250 Mougins, France.246226000231372000246220000230903000125000125000143910000128110000102185000102668000600046900015701000364600001430004180001210002910001618400034019000-48300024410001570100036460000-3840001618400034019000-4830002441000125000125000143910000128110000102185000102668000232671000220271000869000Årsrapport33963556Deloitte Statsautoriseret RevisionspartnerselskabCity Tower, Værkmestergade 8000 Aarhus C2015-07-012016-06-302016-11-0731501547KR electronics Holding ApSRønde2016-11-07Claus Berner NielsenClaus Berner NielsenChief Executive OfficerKim Thomas RasmussenClaus Berner NielsenChairmanTo the owners of KR electronics Holding ApSWe have audited the consolidated financial statements and parent financial statements of KR electronics Holding ApS for the financial year 01.07.2015 - 30.06.2016, which comprise the accounting policies, income statement, balance sheet, statement of changes in equity and notes for the Group as well as for the Parent and the consolidated cash flow statement. The consolidated financial statements and parent financial statements are prepared in accordance with the Danish Financial Statements Act.Management is responsible for the preparation of consolidated financial statements and parent 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 consolidated financial statements and parent financial statements that are free from material misstatement, whether due to fraud or error.Aarhus2016-11-07The Group develops, produces and sells electronic components. Development and production take place in PR electronics A/S, whereas the Group’s products are sold through its foreign sales subsidiaries and independent distributors as well as from PR electronics A/S directly. Revenue for the year amounts to DKK 267,748k against DKK 267,002k last year. The increase, which corresponds to 0.3%, is driven primarily by the Group’s subsidiaries in Sweden, Germany and Italy as well as the Group’s domestic business. Likewise, the Group’s subsidiary in Belgium contributes positively to the revenue growth. A challenging market environment in USA, China and UK resulted in a negative growth contribution from the Group’s American, Chinese and British subsidiaries. Other external expenses and staff costs increase combined by 4.2% reflecting more employees primarily in the sales organization outside Denmark. The profit for the year decreases from DKK 36,460k in 2014/2015 to DKK 15,701k in 2015/2016. The decrease in profit for the year reflects the increase in staff costs, impairment of investments related to products under development and and lower financial income, partly offset by an increase in gross profit. The profit for the year is regarded as dissatisfactory despite the investments made especially in enlarging the sales force during the year, which is expected to enhance profitability in the long term. The Group constantly takes steps and makes adjustments to ensure that its strategy plan for growth in revenue and profitability is met. No events have occurred after the balance sheet date to this date which would influence the evaluation of this annual report.The Board of Directors and the Executive Board have today considered and approved the annual report of KR electronics Holding ApS for the financial year 01.07.2015 - 30.06.2016.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 Entity’s financial position at 30.06.2016 and of the results of its operations and cash flows for the financial year 01.07.2015 - 30.06.2016.We recommend the annual report for adoption at the Annual General Meeting.We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.2016-11-07RøndeThe acconting policies applied for these consolidated financial statements and parent financial statements are consistent with those applied last year. This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class C enterprises (medium).Regnskabsklasse C, mellemstor virksomhedAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Group, and the value of the assets can be measured reliably. Liabilities are recognised in the balance sheet when the Group has a legal or constructive obligation as a result of a prior event, and it is probable that future economic benefits will flow out of the Group, and the value of the liabilities can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item. Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement. Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year. Value adjustments of financial assets and liabilities are recognised in the income statement as financial income or financial expenses.The consolidated financial statements comprise KR electronics Holding ApS (Parent) and the enterprises (group enterprises) that are controlled by the Parent, see note 7 to the consolidated financial statements. Control is achieved by the Parent, either directly or indirectly, holding more than 50% of the voting rights or in any other way possibly or actually exercising controlling influence. Enterprises in which the Group, directly or indirectly, holds between 20% and 50% of the voting rights and exercises significant, but not controlling influence are regarded as associates.The consolidated financial statements are prepared on the basis of the financial statements of KR electronics Holding ApS and its subsidiaries. The consolidated financial statements are prepared by combining uniform items. On consolidation, intra-group income and expenses, intra-group accounts and dividends as well as profits and losses on transactions between the consolidated enterprises are eliminated. The financial statements used for consolidation have been prepared applying the Group’s accounting policies. Subsidiaries’ financial statement items are recognised in full in the consolidated financial statements. Minority interests’ pro rata shares of the profit/loss and the net assets are disclosed as separate items in the income statement and the balance sheet, respectively. Jointly controlled enterprises are recognised in the consolidated financial statements on a pro rata basis. The items in the jointly controlled enterprise are recognised based on the ownership interest of the enterprise. Investments in subsidiaries are offset at the pro rata share of such subsidiaries’ net assets at the takeover date, with net assets having been calculated at fair value. Newly acquired or newly established enterprises are recognised in the consolidated financial statements from the time of acquiring or establishing such enterprises. Divested or wound-up enterprises are recognised in the consolidated income statement up to the time of their divestment or winding-up. The purchase method is applied at the acquisition of new enterprises, under which identifiable assets and liabilities of these enterprises are measured at fair value at the acquisition date. On acquisition of enterprises, provisions are made for costs relating to decided and published restructurings in the acquired enterprise. Allowance is made for the tax effect of restatements. Positive differences in amount (goodwill) between cost of the acquired share and fair value of the assets and liabilities taken over are recognised under intangible assets, and they are amortised systematically over the income statement based on an individual assessment of their useful life, however, no more than 20 years. Negative differences in amount (negative goodwill), corresponding to an estimated adverse development in the relevant enterprises, are recognised in the balance sheet under deferred income, and they are recognised in the income statement when such adverse development is realised.Profits or losses from divestment or winding-up of subsidiaries are calculated as the difference between selling price or settlement price and the carrying amount of the net assets at the time of divestment or winding-up, inclusive of non-amortised goodwill and estimated divestment or winding-up expenses Financial highlights are defined and calculated in accordance with "Recommendations & Ratios 2010" issued by the Danish Society of Financial Analysts. Ratios are calculated as follows: Ratios Calculation formula Ratios reflect Return on equity (%) Profit/loss for the year x 100 Average equity The Entity's return on capital invested in the Entity by the owners. Profit margin EBIT x 100 Revenue The Entity’s profitability Equity ratio Equity x 100 Total assets The financial strength of the Entity.Inventories are measured at the lower of cost using the FIFO method and net realisable value. Cost of goods for resale comprises cost plus delivery costs. Indirect production costs comprise indirect materials and labour costs, costs of maintenance of and depreciation and impairment losses on machinery, factory buildings and equipment applied for the manufacturing process as well as costs of factory administration and management. Financing costs are not included in cost. The net realisable value of inventories is calculated as the estimated selling price less completion costs and costs incurred to execute sale.2677480002670020006770300068051000291000211000478170005172500015251900014743700010369700093887000862140007589800061340005661000848400078090002865000451900025247000172260004570001079200036500005470002357500036324000157010003646000015701000364600001570100036460000335472000318621000152120000146013000649000682000624000648000183352000172608000254320002884600066920005484000520600005292600044039000445560006103000642800019180001942000972360008022300033547200031862100024622100023090300012500012500024609600023077800071335000697490002352300016543000478120005320600014794000172890002755800027657000125000125000246096000230778000-3830001570100036460000PR electronics HoldingDenmarkApS100Our responsibility is to express an opinion on the consolidated financial statements and parent financial statements based on our audit. We conducted our audit in accordance with International Standards on Auditing and additional requirements under Danish audit regulation. This requires that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether consolidated financial statements and parent financial statements are free from material misstatement.An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements and parent financial statements. The procedures selected depend on the auditor's judgement, including the assessment of the risks of material misstatements of the consolidated financial statements and parent financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation of consolidated financial statements and parent financial statements that give a true and fair view 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 entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by Management, as well as the overall presentation of the consolidated financial statements and parent financial statements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.Our audit has not resulted in any qualification.In our opinion, the consolidated financial statements and parent financial statements give a true and fair view of the Group’s and the Parent’s financial position at 30.06.2016, and of the results of their operations and the Group’s cash flows for the financial year 01.07.2015 - 30.06.2016 in accordance with the Danish Financial Statements Act. Pursuant to the Danish Financial Statements Act, we have read the management commentary. We have not performed any further procedures in addition to the audit of the consolidated financial statements and parent financial statements.On this basis, it is our opinion that the information provided in the management commentary is consistent with the consolidated financial statements and parent financial statements.96532000907190008374700077058000473900062110002500034000100000100000171650001680200017816000178690002352300016543000298100019340002381000603100036500005470002038200046569000-4681000-1010900038406000496220004956900055643000-12932000-715000025247000172260007460002093000457000747000-3651000-547000-7969000-6221000-18477000-235620000290000-1973000-15320000-24000001058600009083600090836000755680001026470009399700014088000135630008658000258000-389000-18900000-16939000-9349000-735200019630002386000383000 2015/16 2014/15 DKK’000 DKK’000 ___________ _______ Minority interests at 01.07.2015 100 100 Addition and disposal 0 0 Share of profit/loss for the year 0 0 ___________ _______ Minority interests at 30.06.2016 100 100 ___________ _______ 5493900054612000366680002798000086240001061300086240001061300098000295000157010003646000050000500006660000624000020619913879000696700065250006967000131000-16900041949000400370001907000-35424000-330700002620000-4118000-7699000-324000-3206000-239000796000-14000670000700061030006428000147500001876600039900004596000PR electronicsPR electronics FranceDenmarkFranceA/SSarl959510000000Operating leases The subsidiaries have entered into a number of operating leases. The leases have an average remaining term of 30 months and a total residual lease payment of DKK 7,750k (2014/15: DKK 9,724k). Except this, the Group has no guarantee commitments or contingent liabilities apart from guarantees relating to the Group’s normal activities. Founded in a continuously wider high-quality product range, increased activities to create market awareness and a larger sales force, the Group expects to continue its growth path. Increased profitability is expected through continued optimization of the Group’s internal value chains, including purchasing and production optimizations. The Group expects that order intake, revenue and profit for 2016/2017 will be at a higher level than in 2015/2016. Research and development activities Research and development activities are carried out in PR electronics A/S. The activities primarily comprise development of modules for electronic signal conditioning and related products. Approx. 8% of revenue for the year is spent on research and development activities of which DKK 19.4m has been recognized under intangible assets. Other financial matters The Group is strongly focused on financial management, including continuous assessment and hedging of the Group’s trading risks and financial risks, etc. Business risks The markets, in which the Group operates, are mainly product-driven. Therefore, the Group’s efforts in the research and development area contribute to securing the Group’s long-term market position. Consequently, it is important to retain and further enhance the Group’s innovative potential and to be able to attract the best-qualified candidates. Product risks mainly relate to delays in launch of new products. The Group has focus on all parts of the product development and launch processes in order to minimize this risk. The Group’s supply chain is constantly monitored and policies ensure availability of minimum inventory levels to avoid adverse consequences of short and medium term interruptions of the supply chain. Finally, significant resources are spent to protect inventions through patents, and the Group continuously develops and maintains its competences in this area. Financial risks As a result of its operations, investments and financing, the Group is exposed to changes in exchange rates and interest levels. The Group manages the financial risks centrally and has a central coordination of the Group’s cash management, including capital procurement and investment of excess liquidity. Foreign exchange risks Foreign exchange risks are primarily hedged by means of matching of payments received and made in the same currency and by means of forward exchange contracts. Credit risks Credit risks related to financial assets correspond to the values recognized in the balance sheet. The Group does not have any material risks relating to a single customer or cooperative partner. According to the Group’s policy for assuming credit risks, all major customers and other cooperative partners are credit rated on an ongoing basis. Interest risks It is the Group’s policy to hedge interest rate risks on Group loans if it is assessed that such interest payments can be ensured at a satisfactory level compared to the related costs. At present, the Group has limited debt compared to its activity level. Liquidity risks The Group has policies stipulating availability of minimum cash resources, which the Group must have at its disposal at any time. Management and employees The average number of employees (converted into full-time employees) was 206 in 2015/2016 (199 in 2014/2015). The increase mainly reflects an increase in the number of employees in the sales force in line with the sales strategy. Knowledge resources The Group’s strategic objective of continued growth in revenue and profit requires maintenance of a high level of innovation through a flexible and knowledge-based organization. This is a sustained process, which is facilitated through the implementation of educational plans, encouragement to cooperation and by inspiring employees to take responsibility. Maintenance of the Group’s leading technology edge requires core competencies amongst others within effective project management, hardware design of analogue and digital electronics, design of solid and high-efficient embedded software as well as development of advanced signal conditioning algorithms. Furthermore, outstanding product quality and productivity of new products requires core competencies within development of high-precision calibration equipment and end test equipment with high production efficiency. In order to maintain a leading edge in the development of new innovative technologies and products, the Group cooperates with a number of external consultants as well as design and development companies. Corporate social responsibility policies Environmental performance The risk of negative impact on the external environment is low for the Group as only small quantities of dangerous substances is used in the production process. The Group is certified according to the DS/EN ISO 14001:2004 standard and has continuous focus on minimizing our environmental footprint. Health and safety at work The Group takes responsibility for the working environment and focuses on the health of its employees. The working environment complies with the highest national standards, and the Group focuses on being a healthy work place for the well-being of its employees. Society The Group consents with the 10 UN Global Compact Principles in its day-to-day business operations and has particular focus on maintaining compliance with human rights, labour rights and anti-corruption laws and regulations. On initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Receivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the balance sheet date. Exchange differences that arise between the rate at the transaction date and the one in effect at the payment date or the rate at the balance sheet date are recognised in the income statement as financial income or financial expenses. Fixed assets purchased in foreign currencies are translated using historical rates. When recognising foreign subsidiaries that are independent entities, the income statements are translated at average exchange rates for the months that do not significantly deviate from the rates at the transaction date. Balance sheet items are translated using the exchange rates at the balance sheet date. Exchange rate differences arising out of the translation of foreign subsidiaries’ equity at the beginning of the year at the balance sheet date exchange rates as well as out of the translation of income statements from average rates to the exchange rates at the balance sheet date are recognised directly in equity.On initial recognition in the balance sheet, derivative financial instruments are measured at cost and subsequently at fair value. Derivative financial instruments are recognised under other receivables or other payables.Changes in the fair value of derivative financial instruments classified as and complying with the requirements for hedging the fair value of a recognised asset or a recognised liability are recorded in the income statement together with changes in the value of the hedged asset or the hedged liability. Changes in the fair value of derivative financial instruments classified as and complying with the requirements for hedging future transactions are recognised directly in equity. When the hedged transactions are realised, the accumulated changes are recognised as part of cost of the relevant financial statement items. For derivative financial instruments that do not comply with the requirements for being treated as hedging instruments, changes in fair value are recognised currently in the income statement as financial income or financial expenses.Revenue from the sale of manufactured goods and goods for resale is recognised in the income statement when delivery is made and risk has passed to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.Other operating income comprises income of a secondary nature as viewed in relation to the Company’s primary activities, including rental income and gains from the sale of intangible assets and property, plant and equipment.Other financial income comprises dividends etc received on other investments, interest income, including interest income on receivables from group enterprises, net capital gains on securities, payables and transactions in foreign currencies, amortisation of financial assets as well as tax relief under the Danish Tax Prepayment Scheme etc.Other financial expenses comprise interest expenses, including interest expenses on payables to group enterprises, net capital losses on securities, payables and transactions in foreign currencies, amortisation of financial liabilities as well as tax surcharge under the Danish Tax Prepayment Scheme etc.Other external expenses include expenses of distribution, sales, advertising, administration, premises, bad debts, etc. Other external expenses also include development costs settled (including licenses) for the use of the right to market products.Cost of sales comprises costs incurred for sales for the year measured at cost. Tax for the year, which consists of tax surcharge and repayment under the Danish Tax Prepayment Scheme, current tax for the year and changes in deferred tax, are recognised in the income statement by the portion attributable to the profit/loss for the year and recognised directly on equity by the portion attributable to entries directly on equity The current tax payable or receivable is recognised in the balance sheet, stated as tax calculated on this year’s taxable income, adjusted for prepaid taxes. Deferred tax is recognised and measured according to the balance-sheet liability method on all temporary differences between the carrying amount and tax-based value of assets and liabilities, for which the tax-based value of assets is calculated based on the planned use of each asset. Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets. The current Danish income tax is allocated among the jointly taxed companies proportionally to their taxable income (full allocation with a refund concerning tax losses). Staff costs include wages and salaries as well as social costs, pensions, etc for the Company’s staff. Amortisation, depreciation and impairment losses relating to property, plant and equipment as well as intangible assets comprise amortisation, depreciation and impairment losses for the year, calculated on the basis of the residual values and useful lives of the individual assets and impairment testing as well as gains and losses from the sale of property, plant and equipment as well as intangible assets. The cash flow statement of the Group is presented using the indirect method and shows cash flows from operating, investing and financing activities as well as the Group’s cash and cash equivalents at the beginning and the end of the financial year. Cash flows from acquisition and divestment of enterprises are shown separately under cash flows from investing activities. Cash flows to acquired enterprises are recognised in the cash flow statement from the time of their acquisition, and cash flows from divested enterprises are recognised up to the time of sale. Cash flows from operating activities are calculated as the operating profit/loss adjusted for non-cash operating items, working capital changes and income taxes paid. Cash flows from investing activities comprise payments in connection with acquisition and divestment of enterprises and activities as well as purchase and sale, etc of intangible assets and property, plant and equipment and assets held under finance leases. Cash flows from financing activities comprise changes in the size or composition of the Parent’s share capital and related costs as well as the raising of loans, instalments on interest-bearing debt and payment of dividends. Cash and cash equivalents comprise cash and other investments less short-term bank debt. Intellectual property rights etc comprise development projects completed and in progress with related intellectual property rights, acquired intellectual property rights and prepayments for intangible assets.Development projects on clearly defined and identifiable products and processes, for which the technical rate of utilisation, adequate resources and a potential future market or development opportunity in the enterprise can be established, and where the intention is to manufacture, market or apply the product or process in question, are recognised as intangible assets. Other development costs are recognised as costs in the income statement as incurred. The cost of development projects comprises costs such as salaries and amortisation that are directly and indirectly attributable to the development projects. Completed development projects are amortised on a straight-line basis using the estimated useful lives of the assets. The amortisation period is five years. For development projects protected by intellectual property rights, the maximum amortisation period is the remaining duration of the relevant rights. Development projects are written down to the lower of recoverable amount and carrying amount.Intellectual property rights acquired are measured at cost less accumulated amortisation. Patents are amortised over their remaining duration, and licences are amortised over the term of the agreement, but over no more than 20 years. Intellectual property rights etc are written down to the lower of recoverable amount and carrying amount. Other intangible assets are written down to the lower of recoverable amount and carrying amount. Profits and losses from the sale of other intangible assets are calculated as the difference between selling price less selling costs and the carrying amount at the time of sale. Profits or losses are recognised in the income statement as an adjustment to amortisation and impairment losses, or under other operating income if the selling price exceeds original cost.Land and buildings, other fixtures and fittings, tools and equipment as well as leasehold improvements are measured at cost less accumulated depreciation and impairment losses. Cost comprises the acquisition price, costs directly attributable to the acquisition, and preparation costs of the asset until the time when it is ready to be put into operation. For assets held under finance leases, cost is the lower of the asset’s fair value and present value of future lease payments. The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line depreciation is made on the basis of the following estimated useful lives of the assets: Buildings 50 years Plant and machinery 5-10 years Other fixtures and fittings, etc 3-5 years Property, plant and equipment are written down to the lower of recoverable amount and carrying amount. Profits and losses from the sale of property, plant and equipment are calculated as the difference between selling price less selling costs and carrying amount at the time of sale. Profits or losses are recognised in the income statement as adjustment to depreciation and impairment losses, or under other operating income if the selling price exceeds original cost. Receivables are measured at amortised cost, usually equalling nominal value less write-downs for bad and doubtful debts.Securities recognised under current assets comprise listed bonds and investments measured at fair value (quoted price) at the balance sheet date. Investments in subsidiaries and associates are recognised and measured under the equity method. This means that investments are measured at the pro rata share of the enterprises’ equity plus or less unamortised positive, or negative, goodwill and plus or less unrealised intra-group profits or losses. The Company's share of the enterprises' profits or losses after elimination of unrealised intra-group profits and losses and less or plus amortisation of positive, or negative, goodwill is recognised in the income statement. Subsidiaries and associates with a negative equity value are measured at zero value, and any receivables from these enterprises are written down by the Parent’s share of such negative equity if it is deemed irrecoverable. If the negative equity exceeds the amount receivable, the remaining amount is recognised under provisions if the Parent has a legal or constructive obligation to cover the liabilities of the relevant enterprise. Net revaluation of investments in subsidiaries and associates is taken to reserve for net revaluation under the equity method if the carrying amount exceeds cost. The purchase method is applied in the acquisition of subsidiaries; see above description under consolidated financial statements. Goodwill on consolidation is calculated as the difference between cost of the investments and fair value of the assets and liabilities acquired. The amortisation period for goodwill on consolidation is ten years. Investments in subsidiaries and associates are written down to the lower of recoverable amount and carrying amount.Receivables are measured at amortised cost, usually equalling nominal value less write-downs for bad and doubtful debts.Prepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at cost, which is usually nominal value. Securities recognised under current assets comprise listed bonds and investments measured at fair value (market price) at the balance sheet date.Cash comprises cash in hand and bank deposits.Other provisions comprise anticipated costs of non-recourse guarantee commitments, returns, loss on contract work in progress, decided and published restructurings, etc. Other provisions are recognised and measured as the best estimate of the expenses required to settle the liabilities at the balance sheet date. Provisions that are estimated to mature more than one year after the balance sheet date are measured at their discounted value.At the time of borrowing, mortgage debt is measured at cost which corresponds to the proceeds received less transaction costs incurred. The mortgage debt is subsequently measured at amortised cost which corresponds to the capitalised value applying the effective interest method. Other financial liabilities are recognised at amortised cost which usually corresponds to nominal value.Current tax payable or receivable is recognised in the balance sheet, stated as tax calculated on this year's taxable income, adjusted for prepaid tax.Deferred tax is recognised on all temporary differences between the carrying amount and tax-based value of assets and liabilities, for which the tax-based value of assets is calculated based on the planned use of each asset. Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets.Deferred tax relating to re-taxation of previously deducted losses of foreign subsidiaries is recognised based on a specific assessment of the purpose of the individual subsidiary,Prepayments received from customers comprise amounts received from customers prior to delivery of the goods agreed or completion of the service agreed.Minority interests consist of non-controlling interests share of equity in subsidiaries not 100% owned by the parent company.Fixed asset investments consist primarily of deposits on leases (other receivables).Prepayments cover substantially prepaid insurance, licenses, lease payments, etc. Related parties with a controlling interest in the KR electronics Holding ApS Group: Kim Thomas Rasmussen, Domaine du Colombier 166, Allée des acacias 06250 Mougins, France, (principal shareholder) 185000011550001642100025477000152100048300065100010670001570100036460000-31409000-304220008027000-39320001502400015268000P. Rasmussen electronicsPR electronics ITALYPR electronicsPR electronics Instruments PR electronicsPR electronics (Shanghai) CoPR electronics UKPR electronics LyonPR electronicsPR Invest, RøndeSwedenItalyGermanySpainUSAChinaScotlandFranceBelgiumDenmarkABSrLGmbHS.L.Inc.Ltd.Ltd.SciBVBAApS9595959595959595957074600020930004270000948290007231100018980001155000164210002547700022517000-965000-22517000199500017446000-287000-3984000-58161000-44331000-48000138310004800018500001155000366680002798000016421000254770001521000483000-8000401000-10710002109000-3960002000266000837470007705800065250006967000473900062110001521000483000250003400062400064800057.055.555.255.053.95.913.710.412.473.472.506.616.913.715.020.4000000000026774800026700200025221800024317100024859200015251900014743700013859900013114000013795400024622100023090300019934800017504300016253000012932000715000072960009124000112550003354720003186210002790340002577120002430930001570100036460000257390002528700030760000-319300010245000317000-100500023230002357500036324000329830003219200039418000Geografisk område 01Geografisk område 02Geografisk område 03Geografisk område 04Geografisk område 05Geografisk område 01Geografisk område 02Geografisk område 03Geografisk område 04Geografisk område 05Lerbakken108410Rønde33963556Deloitte Statsautoriseret RevisionspartnerselskabCity Tower, Værkmestergade28000Aarhus CDenmark89 41 41 41Klaus Tvede-JensenHenrik Brorsbøl JakobsenState Authorised Public AccountantState Authorised Public AccountantNettoomsætning/Investeret kapital inkl goodwillNettoomsætning/Investeret kapital inkl goodwillNettoomsætning/Investeret kapital inkl goodwillNettoomsætning/Investeret kapital inkl goodwillNettoomsætning/Investeret kapital inkl goodwillProfit marginProfit marginProfit marginProfit marginProfit marginEquity ratioEquity ratioEquity ratioEquity ratioEquity ratio000008.873.415.966.913.672.213.267.913.171.42981000193400000000000000000Revisionspåtegning