41867701 2024-01-01 2024-12-31 41867701 2024-01-01 2024-12-31 1 41867701 2024-01-01 2024-12-31 1 41867701 2024-01-01 2024-12-31 2 41867701 2024-01-01 2024-12-31 3 41867701 2024-01-01 2024-12-31 2 41867701 2023-01-01 2023-12-31 41867701 2024-12-31 41867701 2023-12-31 41867701 2023-12-31 fsa:ContributedCapitalMember 41867701 2023-12-31 fsa:ProposedDividendRecognisedInEquityMember 41867701 2023-12-31 fsa:RetainedEarningsMember 41867701 2024-01-01 2024-12-31 fsa:ContributedCapitalMember 41867701 2024-01-01 2024-12-31 fsa:ProposedDividendRecognisedInEquityMember 41867701 2024-01-01 2024-12-31 fsa:RetainedEarningsMember 41867701 2024-12-31 fsa:ContributedCapitalMember 41867701 2024-12-31 fsa:ProposedDividendRecognisedInEquityMember 41867701 2024-12-31 fsa:RetainedEarningsMember iso4217:GBP xbrli:pure Morten Olsen AIP Dante Holding K/S Klareboderne 1 DK 1115 Copenhagen K 41867701 Copenhagen Strandvejen 44 2900 Hellerup Management review Primary activities The principal activities of the company in the period under review were to act as finance company for Equitix, which invests in a windfarm in North Sea. Management’s statement The Executive Board have today considered and adopted the Annual Report of AIP Dante Holding K/S for the finan-cial year 1 January – 31 December 2024. 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 31 December 2024 of the Company and of the results of the Company operations for the financial year 1 January – 31 December 2024. In our opinion, the Management review includes a true and fair account of the matter addressed in the review. We recommend that the Annual Report be adopted at the Annual General Meeting. Copenhagen, Kasper Hansen Domenico Tripodi Jannick Prehn Brøndum To the Shareholders of AIP Dante Holding K/S Opinion In our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 De-cember 2024, and of the results of the Company’s operations for the financial year 1 January - 31 December 2024 in accordance with the Danish Financial Statements Act. We have audited the Financial Statements of AIP Dante Holding K/S for the financial year 1 January - 31 December 2024, which comprise income statement, balance sheet, statement of changes in equity and notes, including a sum-mary of significant accounting policies (“financial statements”). Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional require-ments applicable in Denmark. Our responsibilities under those standards and requirements are further described in the Auditor’s Responsibilities for the Audit 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 Eth-ics 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 be-lieve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Statement on Management’s Review Management is responsible for Management’s Review. Our opinion on the financial statements does not cover Management’s Review, and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read Management’s Review and, in doing so, consider whether Management’s Review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether Management’s Review provides the information required under the Danish Financial Statements Act. Based on the work we have performed, in our view, Management’s Review is in accordance with the Financial State-ments and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in Management’s Review. Management’s Responsibilities for the Financial Statements 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 ac-counting 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. Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Rea-sonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Mis-statements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s in-ternal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management. • Conclude on the appropriateness of Management’s use of the going concern basis of accounting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern. • Evaluate the overall presentation, structure, and contents of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view. We communicate with those charged with governance regarding, among other matters, the planned scope and tim-ing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Hellerup PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Per Rolf Larssen Casper Larsen State Authorised Public Accountant State Authorised Public Accountant mne24822 mne45855 -6000 1000 6237000 5530000 6231000 5531000 7500000 9710000 -1269000 -4179000 6231000 5531000 122624000 124000000 122624000 124000000 122624000 124000000 245000 138000 245000 138000 122869000 124138000 147900000 147900000 -25035000 -23766000 122865000 124134000 4000 4000 4000 4000 122869000 124138000 147900000 0 -23766000 124134000 0 0 0 0 0 7500000 -1269000 6231000 0 7500000 0 7500000 147900000 0 -25035000 122865000 true true Presentation currency The reporting currency is Pound sterling. All amounts are in thousands of GBP. The exchange rate per 31 December 2024 of 0.1112 (2023: 0.1166) was used where translation from DKK to GBP was needed. Recognition and measurement Revenue is recognized in the income statement as it is earned, including value adjustments of financial assets and liabilities measured at fair value or amortized costs. In addition, expenses incurred to achieve the year’s earnings are recognized, including depreciation, write-downs, provisions, and reversals because of changed accounting estimates of amounts previously recognized in the income statement. Assets are recognized in the balance sheet when it is probable because of a prior event that future economic benefits will flow to the company, and the value of the asset can be measured reliably. Liabilities are recognized in the balance sheet when the company has a legal or constructive obligation because of a prior event, and it is probable that future economic benefits will flow out of the company, and the value of the liabilities can be measured. At initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each accounting item below. Recognition and measurements consider the gains, losses and risks that arise before the annual report is presented and which corroborates or invalidates conditions that existed at the balance sheet date. Foreign currency translation Foreign currency transactions are translated at the exchange rate at the transaction date. Exchange rate differences arising between the exchange rate at the transaction date and the rate at the payment date are recognizes in the in-come statement as a financial item. Receivables, payables, and other monetary items in foreign currencies that have not been settled on the balance sheet date are translated at the exchange rate at the balance sheet date. The difference between the exchange rate at the balance sheet date and the exchange rate at the transaction date is recognized in the income statement as a fi-nancial item. Income statement Gross profit/loss Gross profit/loss is calculated with reference to §32 of the Danish Financial Statements Act as a summary of other ex-ternal costs. Other external costs Other external costs include costs for administration, etc. Financial items Financial income and expenses include interest income and expenses, realized and unrealized gains and losses on debt and transactions in foreign currencies. Tax The company is not taxable independently, which is why the tax liability is incumbent on the company’s investors. As a result, no tax and deferred tax has been set aside in the accounts. Balance sheet Other long-term receivables Other long-term receivables are measured at amortized cost, which usually corresponds to nominal value, less write-downs for expected losses and including accrued interest. Cash and cash equivalents Cash comprises cash in bank deposits. Equity Dividend distributions proposed by the management for the financial period are shown as a separate item under eq-uity. Other Liabilities Expenses with reference to the fiscal year are accrued for. 0 0 Note 3 Other long-term receivables Cost at 1 January 124,000 128,066 Additions in year 6,221 5,509 Repayments in year -7,597 -9,573 Cost at 31 December 122,624 124,000 Total other long-term receivables 122,624 124,000 Note 4 Contingent liabilities The company has no contingent liabilities apart from the liabilities already recognized in the balance sheet. Note 5 Consolidated financial statement AIP Dante Holding K/S is included in the consolidated financial statement of the parent company AIP Infrastructure II K/S. The consolidated financial statements for AIP Infrastructure II K/S can be obtained at the address: AIP Infrastructure II K/S Klareboderne 1 1115 Copenhagen K Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2024-01-01 2024-12-31 2023-01-01 2023-12-31 2025-04-07 Reporting class B 2020-11-20 2025-04-07 39504308 AIP Management P/S Klareboderne 1 1115 Copenhagen K Opinion Basis for Opinion 2025-04-07 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 0 0