iso4217:DKK332523072021-01-012021-12-31332523072021-01-012021-12-311332523072021-01-012021-12-311332523072021-01-012021-12-312332523072021-01-012021-12-31332523072020-01-012020-12-31332523072021-01-012021-12-31fsa:RetainedEarningsMember332523072020-01-012020-12-31fsa:RetainedEarningsMember332523072021-01-012021-12-31fsa:RetainedEarningsMember332523072021-12-31332523072020-12-31332523072021-01-01fsa:ContributedCapitalMember332523072021-01-01fsa:RetainedEarningsMember332523072021-01-01332523072021-12-31fsa:ContributedCapitalMember332523072021-12-31fsa:RetainedEarningsMembertrue339635562020-01-012020-12-31Kolding60004Egtved AlléDeloitte Statsautoriseret RevisionspartnerselskabSkiveSkive7800Regnskabsklasse BAndre erklæringer uden sikkerhed2021-12-312021-01-01<br /><br />2SvansøvejTSR Danmark ApS33252307339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportThe Executive Board has today considered and approved the annual report of TSR Danmark ApS for the financial year 01.01.2021 - 31.12.2021. 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 31.12.2021 and of the results of its operations for the financial year 01.01.2021 - 31.12.2021.We believe that the management commentary contains a fair review of the affairs and conditions referred to therein. At the annual general meeting on 28 may 2021, it was decided that the financial statement should not be audited, the conditions for this are still met.We recommend the annual report for adoption at the Annual General Meeting.Skive2022-05-31Torben Lund SmedegaardDenis ReuterTo Management of TSR Danmark ApSWe have compiled the financial statements of TSR Danmark ApS for the financial year 01.01.2021 - 31.12.2021 based on the Entity’s bookkeeping records and other information Management has provided. ​ ​These financial statements comprise the income statement, balance sheet, statement of changes in equity, notes and accounting policies. ​ ​We performed this compilation engagement in accordance with ISRS 4410, Compilation Engagements. ​ ​We have applied our expertise in accounting and financial reporting to assist Management in the preparation ​and presentation of these financial statements in accordance with the Danish Financial Statements Act. We ​have complied with relevant provisions of the Danish Public Accountants Act and FSR – Danish Auditors’ Code ​of Conduct for professional accountants, including principles of integrity, objectivity, professional competence ​and due care. These financial statements and the accuracy and completeness of the information used to compile the financial ​statements are Management’s responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy ​or completeness of the disclosures Management provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion about whether the financial statements ​have been prepared in accordance with the Danish Financial Statements Act. Skive2022-05-31Allan Trolle Pedersenmne34339State Authorised Public AccountantPrimary activitiesThe Company’s activity consists in trade in recycling materialsDevelopment in activities and financesNet result for the year is a loss of DKK 13k compared to a loss of 21k last year. Since year 2015, no actual sales activities have taken place in the Company. Management has evaluated that the Company’s capital resources and it is Managements assessment that the Company has the needed capital resources to fund its activities. Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.-13453-23091327632316879-16797-26401-3695-5808-13102-20593-13102-20593-13102414344911651614714912061619053188597949439416788449439416788410000001000000-1276266-1263164-276266-2631641000000-1263164-2631641000000-12762662750002558184874701556638190195677706604310487706604310484943941678841 Going concernManagement deems the credit facilities provided by group entreprises adequate for the planned activities for 2022 and has hence based the financial statement on the going concern assumption.2 Other financial expenses2021 DKK2020 DKKOther interest expenses68796879<br />2021 DKK2020 DKKOther interest expenses687968793 Tax on profit/loss for the year2021 DKK2020 DKKRefund in joint taxation arrangement(3,695)(5,808)(3,695)(5,808)4 Contingent liabilitiesThe Entity serves as administration company in a Danish joint taxation arrangement with Åge Espersen & Søn A/S. According to joint taxation provisions of the Danish Corporation Tax Act, the Entity 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 dividend for the jointly taxed companies. This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class B enterprises with addition of a few provisions for reporting class C.The accounting policies applied to these financial statements are consistent with those applied last year.falseRecognition and measurementAssets 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 Entity, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when the Entity 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 Entity, and the value of the liability 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.Gross profit or lossGross profit or loss comprises external expenses. RevenueRevenue comprises earnings dissolution of provision.Other external expensesOther external expenses comprise expenses for administration. Financial expenses from group enterprisesFinancial expenses from group enterprises comprise interest expenses etc from payables to group enterprises.<br />Other financial expensesOther financial expenses comprise interest expenses.Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity. ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less write-downs for bad and doubtful debts. Joint taxation contributions receivable or payableCurrent joint taxation contributions payable or joint taxation contributions receivable are recognised in the balance sheet, calculated as tax computed on the taxable income for the year, which has been adjusted for prepaid tax. For tax losses, joint taxation contributions receivable are only recognised if such losses are expected to be used under the joint taxation arrangement. <br />Tax receivable or payableCurrent tax receivable or payable is recognised in the balance sheet, stated as tax computed on this year's taxable income, adjusted for prepaid tax.CashCash comprises bank deposits.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.2022-05-31Denis Reuter