15271728 2020-10-01 2021-09-30 15271728 2020-10-01 2021-09-30 0 15271728 2020-10-01 2021-09-30 0 15271728 2020-10-01 2021-09-30 1 15271728 2020-10-01 2021-09-30 2 15271728 2020-10-01 2021-09-30 3 15271728 2020-10-01 2021-09-30 4 15271728 2020-10-01 2021-09-30 cmn:PreviousYearMember 15271728 2020-10-01 2021-09-30 cmn:TwoYearsAgoMember 15271728 2020-10-01 2021-09-30 cmn:ThreeYearsAgoMember 15271728 2020-10-01 2021-09-30 cmn:FourYearsAgoMember 15271728 2021-09-30 15271728 2021-09-30 cmn:PreviousYearMember 15271728 2021-09-30 cmn:TwoYearsAgoMember 15271728 2021-09-30 cmn:ThreeYearsAgoMember 15271728 2021-09-30 cmn:FourYearsAgoMember 15271728 2019-10-01 2020-09-30 15271728 2020-10-01 2021-09-30 fsa:ProposedDividendRecognisedInEquityMember 15271728 2019-10-01 2020-09-30 fsa:ProposedDividendRecognisedInEquityMember 15271728 2020-10-01 2021-09-30 fsa:RetainedEarningsMember 15271728 2019-10-01 2020-09-30 fsa:RetainedEarningsMember 15271728 2020-09-30 15271728 2020-10-01 2021-09-30 fsa:AllTypesOfRelationsNumberOfEmployeesMember 15271728 2019-10-01 2020-09-30 fsa:AllTypesOfRelationsNumberOfEmployeesMember 15271728 2020-10-01 2021-09-30 0 iso4217:DKK xbrli:pure Regnskabsklasse C, mellemstor virksomhed 2020-10-01 2021-09-30 TK Elevator Denmark A/S Erhvervsvej 4 2600 Glostrup Denmark 15271728 +45 70 13 08 08 +45 70 13 08 07 www.tkelevator.dk info.tkedk@tkelevator.com 1959-10-15 Glostrup Advokatfirma Holck-Andersen & Tyge Sørensen Nyhavn 6 DK-1051 København K SEB Bank Bernstorffsgade 50 DK-1577 København K 2022-01-31 Alexander Heinz <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Ledelsespåtegning</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Statement by the Executive and Supervisory Boards</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Bestyrelse og direktion har dags dato behandlet og godkendt årsrapporten for 2020/21 for TK Elevator Denmark A/S.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>The Executive and Supervisory Boards have today considered and adopted the annual report of TK Elevator Denmark A/S for the financial year 1. oktober 2020 - 30. september 2021.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Årsrapporten er aflagt i overensstemmelse med årsregnskabsloven.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>The annual report has been prepared in accordance with the Danish Financial Statements Act</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Det er vores opfattelse, at årsregnskabet giver et retvisende billede af selskabets aktiver, passiver og finansielle stilling pr. 30. september 2021 samt af resultatet af selskabets aktiviteter for regnskabsåret 1. oktober 2020 - 30. september 2021.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>It is our opinion that the financial statements give a true and fair view of the Company's financial position at 30 September 2021 and of the results of the Company's operations for the financial year 1st October 2020 - 30st September 2021.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Det er endvidere vores opfattelse, at ledelsesberetningen indeholder en retvisende redegørelse for de forhold, bertningen omhandler.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Further, in our opinion, the Management's review includes a true and fair account of the matters addressed in the review.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Årsrapporten indstilles til generalforsamlingens godkendelse.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>We recommend that the annual report be adopted at the Annual General Meeting.</td></tr></table> Glostrup 2022-01-31 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Den uafhængige revisors påtegning</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Independent auditors' report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Til kapitalejeren i TK Elevator Denmark A/S</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>To the shareholder of TK Elevator Denmark A/S</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Konklusion</td></tr><tr><td colspan="1">Det er vores opfattelse, at årsregnskabet giver et retvisende billede af selskabets aktiver, passiver og finansielle stilling pr. 30. september 2021 samt af resultatet af selskabets aktiviteter for regnskabsåret 1. oktober 2020 - 30. september 2021 i overensstemmelse med årsregnskabsloven.</td></tr><tr><td colspan="1">Vi har revideret årsregnskabet for TK Elevator Denmark A/S for regnskabsåret 1. oktober 2020 - 30. september 2021 der omfatter resultatopgørelse, balance og noter, herunder anvendt regnskabspraksis (”regnskabet”).</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Opinion</td></tr><tr><td /><td>In our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 30. september 2021 and of the results of the Company’s operations for the financial year 1st October 2020 - 30st September 2021 in accordance with the Danish Financial Statements Act.</td></tr><tr><td /><td>We have audited the Financial Statements of TK Elevator Denmark A/S for the financial year 1st October 2020 - 30st September 2021, which comprise income statement, balance sheet and notes, including a summary of significant accounting policies (”the Financial Statements”).</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Grundlag for konklusion</td></tr><tr><td colspan="1">Vi har udført vores revision i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark. Vores ansvar ifølge disse standarder og krav er nærmere beskrevet i revisionspåtegningens afsnit ”Revisors ansvar for revisionen af regnskabet”. Vi er uafhængige af selskabet i overensstemmelse med internationale etiske regler for revisorer (IESBA’s Etiske regler) og de yderligere krav, der er gældende i Danmark, ligesom vi har opfyldt vores øvrige etiske forpligtelser i henhold til disse regler og krav. Det er vores opfattelse, at det opnåede revisionsbevis er tilstrækkeligt og egnet som grundlag for vores konklusion.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Basis for opinion</td></tr><tr><td /><td>We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements 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’ Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Udtalelse om ledelsesberetningen</td></tr><tr><td colspan="1">Ledelsen er ansvarlig for ledelsesberetningen.</td></tr><tr><td colspan="1">Vores konklusion om regnskabet omfatter ikke ledelsesberetningen, og vi udtrykker ingen form for konklusion med sikkerhed om ledelsesberetningen.</td></tr><tr><td colspan="1">I tilknytning til vores revision af regnskabet er det vores ansvar at læse ledelsesberetningen og i den forbindelse overveje, om ledelsesberetningen er væsentligt inkonsistent med regnskabet eller vores viden opnået ved revisionen eller på anden måde synes at indeholde væsentlig fejlinformation.</td></tr><tr><td colspan="1">Vores ansvar er derudover at overveje, om ledelsesberetningen indeholder krævede oplysninger i henhold til årsregnskabsloven.</td></tr><tr><td colspan="1">Baseret på det udførte arbejde er det vores opfattelse, at ledelsesberetningen er i overensstemmelse med årsregnskabet og er udarbejdet i overensstemmelse med årsregnskabslovens krav. Vi har ikke fundet væsentlig fejlinformation i ledelsesberetningen.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Statement on Management’s Review</td></tr><tr><td /><td>Management is responsible for Management’s Review.</td></tr><tr><td /><td>Our opinion on the Financial Statements does not cover Management’s Review, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td /><td>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.</td></tr><tr><td /><td>Moreover, it is our responsibility to consider whether Management’s Review provides the information required under the Danish Financials Statements Act.</td></tr><tr><td /><td>Based on the work we have performed, in our view, Management’s Review is in accordance with the Financial Statements 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.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Ledelsens ansvar for regnskabet</td></tr><tr><td colspan="1">Ledelsen har ansvaret for udarbejdelsen af et årsregnskab, der giver et retvisende billede i overensstemmelse med årsregnskabsloven. Ledelsen har endvidere ansvaret for den interne kontrol, som ledelsen anser for nødvendig for at udarbejde et regnskab uden væsentlig fejlinformation, uanset om denne skyldes besvigelser eller fejl.</td></tr><tr><td colspan="1">Ved udarbejdelsen af regnskabet er ledelsen ansvarlig for at vurdere selskabets evne til at fortsætte driften; at oplyse om forhold vedrørende fortsat drift, hvor dette er relevant; samt at udarbejde regnskabet på grundlag af regnskabsprincippet om fortsat drift, medmindre ledelsen enten har til hensigt at likvidere selskabet, indstille driften eller ikke har andet realistisk alternativ end at gøre dette.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Management’s responsibilities for the Financial Statements</td></tr><tr><td /><td>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.</td></tr><tr><td /><td>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 accounting 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.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Revisors ansvar for revisionen af regnskabet</td></tr><tr><td colspan="1">Vores mål er at opnå høj grad af sikkerhed for, om regnskabet som helhed er uden væsentlig fejlinformation, uanset om denne skyldes besvigelser eller fejl, og at afgive en revisionspåtegning med en konklusion. Høj grad af sikkerhed er et højt niveau af sikkerhed, men er ikke en garanti for, at en revision, der udføres i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark, altid vil afdække væsentlig fejlinformation, når sådan findes. Fejlinformationer kan opstå som følge af besvigelser eller fejl og kan betragtes som væsentlige, hvis det med rimelighed kan forventes, at de enkeltvis eller samlet har indflydelse på de økonomiske beslutninger, som brugerne træffer på grundlag af regnskabet.</td></tr><tr><td colspan="1">Som led i en revision, der udføres i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark, foretager vi faglige vurderinger og opretholder professionel skepsis under revisionen. Herudover</td></tr><tr><td colspan="1">- Identificerer og vurderer vi risikoen for væsentlig fejlinformation i regnskabet, uanset om denne skyldes besvigelser eller fejl, udformer og udfører revisionshandlinger som reaktion på disse risici samt opnår revisionsbevis, der er tilstrækkeligt og egnet til at danne grundlag for vores konklusion. Risikoen for ikke at opdage væsentlig fejlinformation forårsaget af besvigelser er højere end ved væsentlig fejlinformation forårsaget af fejl, idet besvigelser kan omfatte sammensværgelser, dokumentfalsk, bevidste udeladelser, vildledning eller tilsidesættelse af intern kontrol.</td></tr><tr><td colspan="1">- Opnår vi forståelse af den interne kontrol med relevans for revisionen for at kunne udforme revisionshandlinger, der er passende efter omstændighederne, men ikke for at kunne udtrykke en konklusion om effektiviteten af selskabets interne kontrol.</td></tr><tr><td colspan="1">- Tager vi stilling til, om den regnskabspraksis, som er anvendt af ledelsen, er passende, samt om de regnskabsmæssige skøn og tilknyttede oplysninger, som ledelsen har udarbejdet, er rimelige.</td></tr><tr><td colspan="1">- Konkluderer vi, om ledelsens udarbejdelse af regnskabet på grundlag af regnskabsprincippet om fortsat drift er passende, samt om der på grundlag af det opnåede revisionsbevis er væsentlig usikkerhed forbundet med begivenheder eller forhold, der kan skabe betydelig tvivl om selskabets evne til at fortsætte driften. Hvis vi konkluderer, at der er en væsentlig usikkerhed, skal vi i vores revisionspåtegning gøre opmærksom på oplysninger herom i regnskabet eller, hvis sådanne oplysninger ikke er tilstrækkelige, modificere vores konklusion. Vores konklusioner er baseret på det revisionsbevis, der er opnået frem til datoen for vores revisionspåtegning. Fremtidige begivenheder eller forhold kan dog medføre, at selskabet ikke længere kan fortsætte driften.</td></tr><tr><td colspan="1">- Tager vi stilling til den samlede præsentation, struktur og indhold af regnskabet, herunder noteoplysningerne, samt om regnskabet afspejler de underliggende transaktioner og begivenheder på en sådan måde, at der gives et retvisende billede heraf.</td></tr><tr><td colspan="1">Vi kommunikerer med den øverste ledelse om blandt andet det planlagte omfang og den tidsmæssige placering af revisionen samt betydelige revisionsmæssige observationer, herunder eventuelle betydelige mangler i intern kontrol, som vi identificerer under revisionen.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Auditor’s responsibilities for the audit of the Financial Statements</td></tr><tr><td /><td>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. Reasonable 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. Misstatements 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.</td></tr><tr><td /><td>As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also</td></tr><tr><td /><td>- 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.</td></tr><tr><td /><td>- Obtain an understanding of internal control relevant to the audit 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 Company’s internal control.</td></tr><tr><td /><td>- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.</td></tr><tr><td /><td>- 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 elated 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 vents or conditions may cause the Company to cease to continue as a going concern.</td></tr><tr><td /><td>- 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.</td></tr><tr><td /><td>We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.</td></tr></table> Hellerup 2022-01-31 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Ledelsesberetning</td></tr><tr><td colspan="1">Årsrapporten for TK Elevator Denmark A/S for 2020/21 er aflagt i overenstemmelse med årsregnskabslovens bestemmelser for mellemstore virksomheder i regnskabsklasse C.</td></tr><tr><td colspan="1">Årsrapporten er aflagt efter samme regnskabspraksis som sidste år.</td></tr><tr><td colspan="1">Væsentligste aktiviteter</td></tr><tr><td colspan="1">Selskabets aktivitet har i lighed med tidligere år bestået i montering, modernisering, service og salg af elevatorer, handicaplifte og rulletrapper.</td></tr><tr><td colspan="1">Udviklingen i året</td></tr><tr><td colspan="1">Selskabets resultatopgørelse for 2020/21 udviser et overskud på TDKK 10.851 og selskabets balance pr. 30. september 2021 har en egenkapital på TDKK 54.341. Resultatet for regnskabsåret 2020/21 udviser et tilfredsstillende resultat sammenholdt med forventninger til året jf. årsrapporten for 2019/20. Dette skyldes primært serviceorganisationen der, som året før, med planlagte tiltag har været stærkt i fokus. For Nyinstallation og Modernisering ses ligeledes en fremgang for omsætningen i året sammelignet med sidste år.</td></tr><tr><td colspan="1">Særlige risici - driftsrisici og finansielle risici</td></tr><tr><td colspan="1">Selskabet har ingen væsentlige drifts-, kredit-, valuta eller renterisici.</td></tr><tr><td colspan="1">Forventninger til fremtiden</td></tr><tr><td colspan="1">Ledelsen forventer i regnskabsåret 2021/22 stigning i salg ift. 2020/21. For nyinstallation forventes en mindre stigning ift. sidste år, og for modernisering forventes et stabilt niveau, som skal supportere forretningen generelt. For Service forventes ligeledes en stabil udvikling drevet af salg fra serviceporteføljen. Fokus på fastholdelse af kunder og andre tiltag skal sikre det forventede resultat i det kommende regnskabsår.</td></tr><tr><td colspan="1">Der forventes et højere resultat i regnskabsåret 2021/22 ift. 2019/20. Det forventede resultat er 9-12 mill. kr.</td></tr><tr><td colspan="1">Eksternt miljø</td></tr><tr><td colspan="1">Virksomheden har stor fokus på et godt og sikkert arbejdsmiljø. Der arbejdes målrettet med at sætte standarden indenfor både miljø og arbejdsmiljø - blandt andet ved en systematisk opsamling og vidensdeling af nærved ulykker. Vi arbejder derudover konstant med at gøre vore produkter og services så miljøvenlige som mulige - både lokalt og via udvikling i koncernen.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Management's review</td></tr><tr><td /><td>The Annual Report of TK Elevator Denmark A/S for 2020/21 has been prepared in accordance with the provisions of the Danish Finacial Statement Act applying to medium-sized enterprises of reporting class C.</td></tr><tr><td /><td>The Annual Report has been prepared under the same accounting policies as last year.</td></tr><tr><td /><td>Key activities</td></tr><tr><td /><td>As in prior years, the Company’s activity consists of installation, modernization, service and sale of elevators, handicap lifts and escalators.</td></tr><tr><td /><td>Development in the year</td></tr><tr><td /><td>The income statement of the company for 2020/21 shows a profit of TDKK 10.851 and at 30. september 2021 the balance sheet of the company shows equity of TDKK 54.341. In the financial year 2020/21 the company achieved a satisfactory result compared to the expectations in the annual report for 2019/20.This is primarily due to the service organization, with planned initiatives, as the year before, being strongly focused. New installation and Modernisation has also an increasing in the revenue for the year compared to the level of last year.</td></tr><tr><td /><td>Special risks - operating risks and financial risks</td></tr><tr><td /><td>The company has no significant risks in terms of service, credit, currency or interest.</td></tr><tr><td /><td>Future expectations</td></tr><tr><td /><td>The management expects in the financial year 2021/22 increasing in sales compared to 2020/21. For New installation, a minor increasing is expected compared to last year, and for modernization a stable level is expected, which will support the business in general. For Service, a stable trend is expected due to the sales from the service portfolio. Focus on customer retention and other actions will ensure the expected result in the coming financial</td></tr><tr><td /><td>A higher result is expected in the 2021/22 compared to 2020/21. The expected result is 9-12 million kr.</td></tr><tr><td /><td>External environment</td></tr><tr><td /><td>The Company has a strong focus on a good and safe working environment. A determined effort is made to set high standards within both environment and working environment, e.g. through a systematic information collection and knowledge sharing in connection with near&#x2;accidents. In addition to this, we constantly work on making our products and services as environmentally safe as possible, both locally and through development on Group level.</td></tr></table> 129747000 13800000 -42000 10851000 0.125 0.491 0.2 155 129747000 115443000 504000 265000 307000 13758000 2907000 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Egenkapitalopgørelse</b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Statement of changes in equity</b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >tkr.</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >DKK'000</td></tr><tr><td width="36%" ></td><td width="16%" colspan="1" align="right" valign="middle" >Selskabskapital</td><td width="18%" colspan="1" align="right" valign="middle" >Overført resultat</td><td width="18%" colspan="1" align="right" valign="middle" >Forslag til udbytte</td><td width="12%" colspan="1" align="right" valign="middle" >I alt</td></tr><tr><td width="36%" ></td><td width="16%" colspan="1" align="right" valign="middle" >Share Capital</td><td width="18%" colspan="1" align="right" valign="middle" >Retained earnings</td><td width="18%" colspan="1" align="right" valign="middle" >Proposed dividend</td><td width="12%" colspan="1" align="right" valign="middle" >Total</td></tr><tr><td width="36%" colspan="1" align="left" valign="middle" >Egenkapital pr. 1. oktober 2019</td><td width="16%" align="right" valign="middle" >1.000</td><td width="18%" align="right" valign="middle" >42.490</td><td width="18%" align="right" valign="middle" >10.071</td><td width="12%" align="right" valign="middle" >53.561</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Equity at 1. october 2019</td></tr><tr><td width="36%" colspan="1" align="left" valign="middle" >Betalt ordinært udbytte</td><td width="16%" align="right" valign="middle" >0</td><td width="18%" align="right" valign="middle" >0</td><td width="18%" align="right" valign="middle" >-10.071</td><td width="12%" align="right" valign="middle" >-10.071</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Ordinary dividens paid</td></tr><tr><td width="36%" colspan="1" align="left" valign="middle" >Årets resultat</td><td width="16%" align="right" valign="middle" >0</td><td width="18%" align="right" valign="middle" >0</td><td width="18%" align="right" valign="middle" >10.851</td><td width="12%" align="right" valign="middle" >10.851</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Profit for the year</td></tr><tr><td width="36%" colspan="1" align="left" valign="middle" ><b>Egenkapital pr. 30. september 2020</b></td><td width="16%" align="right" valign="middle" ><b>1.000</b></td><td width="18%" align="right" valign="middle" ><b>42.490</b></td><td width="18%" align="right" valign="middle" ><b>10.851</b></td><td width="12%" align="right" valign="middle" ><b>54.341</b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Equity at 30. september 2020</b></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" ><b></b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b></b></td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Personaleomkostninger</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Staff Costs</b></td></tr><tr><td width="48%" ></td><td width="23%" colspan="1" align="right" valign="middle" ><b>2020/21</b></td><td width="29%" colspan="1" align="right" valign="middle" ><b>2019/20</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >tkr.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >DKK'000</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Lønninger og gager</td><td width="23%" align="right" valign="middle" >102.389</td><td width="29%" align="right" valign="middle" >87.407</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Wages and salaries</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Pensioner</td><td width="23%" align="right" valign="middle" >8.138</td><td width="29%" align="right" valign="middle" >6.771</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Pensions</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Andre udgifter til social sikring mv.</td><td width="23%" align="right" valign="middle" >1.208</td><td width="29%" align="right" valign="middle" >1.154</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other social security costs, etc</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Øvrige personaleudgifter</td><td width="23%" align="right" valign="middle" >3.708</td><td width="29%" align="right" valign="middle" >3.627</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other staff costs</td></tr><tr><td width="48%" ></td><td width="23%" align="right" valign="middle" ><b>115.443</b></td><td width="29%" align="right" valign="middle" ><b>98.959</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" ><b>Gennemsnitligt antal beskæftigede medarbejdere</b></td><td width="23%" align="right" valign="middle" ><b>155</b></td><td width="29%" align="right" valign="middle" ><b>140</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Average number of full-time employees</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Med henvisning til årsregnskabslovens § 98, stk. 3 er vederlaget til direktionen ikke oplyst.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Remuneration to the Executive Board has not been disclosed in accordance with section 98 B (3) of the Danish Financial Statements Act.</td></tr><tr><td colspan="3"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Finansielle indtægter</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Interest income and similar items</b></td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Renteindtægter fra tilknyttede selskaber</td><td width="23%" align="right" valign="middle" >265</td><td width="29%" align="right" valign="middle" >324</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Interest income from group enterprises</td></tr><tr><td width="48%" ></td><td width="23%" align="right" valign="middle" ><b>265</b></td><td width="29%" align="right" valign="middle" ><b>324</b></td></tr><tr><td colspan="3"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Finansielle omkostninger</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Interest expenses and similar items</b></td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Renteudgifter fra kreditinstitutter</td><td width="23%" align="right" valign="middle" >12</td><td width="29%" align="right" valign="middle" >34</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Interest expenses to mortgage credit institutions</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Øvrige finansielle udgifter</td><td width="23%" align="right" valign="middle" >295</td><td width="29%" align="right" valign="middle" >256</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other financial expenses</td></tr><tr><td width="48%" ></td><td width="23%" align="right" valign="middle" ><b>307</b></td><td width="29%" align="right" valign="middle" ><b>290</b></td></tr><tr><td colspan="3"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Skat af årets resultat</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Tax on profit/loss profit</b></td></tr><tr><td width="48%" ></td><td width="23%" colspan="1" align="right" valign="middle" ><b>2020/21</b></td><td width="29%" colspan="1" align="right" valign="middle" ><b>2019/20</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >tkr.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >DKK'000</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Den omkostningsførte selskabsskat specificeres således</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Årets aktuelle skat</td><td width="23%" align="right" valign="middle" >2.374</td><td width="29%" align="right" valign="middle" >3.261</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Current tax for the year</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Skat vedrørende tidligere år</td><td width="23%" align="right" valign="middle" >54</td><td width="29%" align="right" valign="middle" >167</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Tax from previous years</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Årets udskudte skat</td><td width="23%" align="right" valign="middle" >652</td><td width="29%" align="right" valign="middle" >-384</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deffered tax for the year</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Årets udskudte skat</td><td width="23%" align="right" valign="middle" >-173</td><td width="29%" align="right" valign="middle" >-51</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deffered tax for the year</td></tr><tr><td width="48%" ></td><td width="23%" align="right" valign="middle" ><b>2.907</b></td><td width="29%" align="right" valign="middle" ><b>2.993</b></td></tr><tr><td colspan="3"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Materielle anlægsaktiver</b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Property, plant and equipment</b></td></tr><tr><td width="32%" ></td><td width="15%" colspan="1" align="right" valign="middle" ><b>Indretning af lejede lokaler</b></td><td width="18%" colspan="1" align="right" valign="middle" ><b>Produktions anlæg og maskiner</b></td><td width="28%" colspan="1" align="right" valign="middle" ><b>Andre anlæg, driftsmateriel og inventar</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>I alt</b></td></tr><tr><td width="32%" ></td><td width="15%" colspan="1" align="right" valign="middle" ><b>Leasehold Improvements</b></td><td width="18%" colspan="1" align="right" valign="middle" ><b>Plant and machinery</b></td><td width="28%" colspan="1" align="right" valign="middle" ><b>Fixtures and fit tings, other plant and equipment</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>Total</b></td></tr><tr><td width="32%" colspan="1" align="left" valign="middle" >Kostpris pr. 1. oktober 2020</td><td width="15%" align="right" valign="middle" >2.539</td><td width="18%" align="right" valign="middle" >1.557</td><td width="28%" align="right" valign="middle" >8.991</td><td width="7%" align="right" valign="middle" >13.087</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Cost at. 1. oktober 2020</td></tr><tr><td width="32%" colspan="1" align="left" valign="middle" >Tilgang i årets løb</td><td width="15%" align="right" valign="middle" >0</td><td width="18%" align="right" valign="middle" >0</td><td width="28%" align="right" valign="middle" >159</td><td width="7%" align="right" valign="middle" >159</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Additions during the year</td></tr><tr><td width="32%" colspan="1" align="left" valign="middle" >Afgang i årets løb</td><td width="15%" align="right" valign="middle" >0</td><td width="18%" align="right" valign="middle" >0</td><td width="28%" align="right" valign="middle" >0</td><td width="7%" align="right" valign="middle" >0</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Disposals during the year</td></tr><tr><td width="32%" colspan="1" align="left" valign="middle" >Kostpris pr. 30. juni 2021</td><td width="15%" align="right" valign="middle" >2.539</td><td width="18%" align="right" valign="middle" >1.557</td><td width="28%" align="right" valign="middle" >9.150</td><td width="7%" align="right" valign="middle" >13.246</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Cost at. 30. juni 2021</td></tr><tr><td colspan="5"></td></tr><tr><td width="32%" colspan="1" align="left" valign="middle" >Af- og nedskrivninger pr. 1. oktober 2020</td><td width="15%" align="right" valign="middle" >2.328</td><td width="18%" align="right" valign="middle" >735</td><td width="28%" align="right" valign="middle" >8.874</td><td width="7%" align="right" valign="middle" >11.937</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Amortisation and impairment. 1. oktober 2020</td></tr><tr><td width="32%" colspan="1" align="left" valign="middle" >Af- og nedskrivninger på afhændende aktiver</td><td width="15%" align="right" valign="middle" >0</td><td width="18%" align="right" valign="middle" >0</td><td width="28%" align="right" valign="middle" >0</td><td width="7%" align="right" valign="middle" >0</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Depreciation on assets afhændende</td></tr><tr><td width="32%" colspan="1" align="left" valign="middle" >Årets af- og nedskrivninger</td><td width="15%" align="right" valign="middle" >135</td><td width="18%" align="right" valign="middle" >242</td><td width="28%" align="right" valign="middle" >127</td><td width="7%" align="right" valign="middle" >504</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Depreciation and amortization</td></tr><tr><td width="32%" colspan="1" align="left" valign="middle" >Af- og nedskrivninger pr. 30. september 2021</td><td width="15%" align="right" valign="middle" >2.463</td><td width="18%" align="right" valign="middle" >977</td><td width="28%" align="right" valign="middle" >9.001</td><td width="7%" align="right" valign="middle" >12.441</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Amortisation and impairment. 30. september 2021</td></tr><tr><td colspan="5"></td></tr><tr><td width="32%" colspan="1" align="left" valign="middle" ><b>Regnskabsmæssig værdi pr. 30. september 2021</b></td><td width="15%" align="right" valign="middle" ><b>76</b></td><td width="18%" align="right" valign="middle" ><b>580</b></td><td width="28%" align="right" valign="middle" ><b>149</b></td><td width="7%" align="right" valign="middle" ><b>805</b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Carrying aount at 30. september 2021</b></td></tr><tr><td colspan="5"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Udskudt Skat</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Deferred tax</b></td></tr><tr><td width="48%" ></td><td width="23%" colspan="1" align="right" valign="middle" ><b>2020/21</b></td><td width="29%" colspan="1" align="right" valign="middle" ><b>2019/20</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >tkr.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >DKK'000</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Hensættelse til udskudt skat</td><td width="23%" align="right" valign="middle" >2.470</td><td width="29%" align="right" valign="middle" >2.034</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Provision for deferred taxes</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Årets indregnede beløb i resultatopgørelsen</td><td width="23%" align="right" valign="middle" >-652</td><td width="29%" align="right" valign="middle" >385</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Amount recognized for the year in the income statement</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Regulering udskudt skat tidligere år</td><td width="23%" align="right" valign="middle" >174</td><td width="29%" align="right" valign="middle" >51</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Regulation deferred tax previous years</td></tr><tr><td width="48%" ></td><td width="23%" align="right" valign="middle" ><b>1.992</b></td><td width="29%" align="right" valign="middle" ><b>2.470</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Udskudt skat vedrører</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deferred tax relates to</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Immaterielle anlægsaktiver</td><td width="23%" align="right" valign="middle" >742</td><td width="29%" align="right" valign="middle" >1.114</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Intangible assets</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Materielle anlægsaktiver</td><td width="23%" align="right" valign="middle" >240</td><td width="29%" align="right" valign="middle" >237</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Property, plant and equipment</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Garantiforpligtelse</td><td width="23%" align="right" valign="middle" >219</td><td width="29%" align="right" valign="middle" >164</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Qurantees</td></tr><tr><td width="48%" colspan="1" align="left" valign="middle" >Andre hensættelser</td><td width="23%" align="right" valign="middle" >791</td><td width="29%" align="right" valign="middle" >955</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other provisions</td></tr><tr><td width="48%" ></td><td width="23%" align="right" valign="middle" ><b>1.992</b></td><td width="29%" align="right" valign="middle" ><b>2.470</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Udskudt skat vedrører garantihensættelser samt immaterielle og materielle anlægsaktiver.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deferred tax comprises gurantees as well as tangible and intangible fixed assets.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Udskudt skat er afsat med 22% svarende til den aktuelle skattesats.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deferred tax is allocated at 22% corresponding to the current tax rate</td></tr><tr><td colspan="3"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Periodeafgræsningsposter</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Prepayments</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Periodeafgræsningsposter udgøres af forudbetalte omkostninger og modtagne forudbetalinger vedrørende indtægter i de efterfølgende år</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Prepayments consist of prepaid cost and prepaid revenue in the subesequent years</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Garanti</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Warrenty</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >TK Elevator Denmark A/S giver 12 måneders garanti på visse installationer. Der er indregnet en hensat forpligtigelse på kr. 997 tkr. (2019/20: 745 tkr.) til forventede garantikrav på grundlag af tidligere erfaringer vedrørende niveauet for reparationer. Herunder påhviler der selskabet normal entreprenørgaranti. Der er i årsrapport ikke afsat beløb til dækning heraf.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >A 12 month warranty os provided be TK Elevator Denmark A/S on certain installations. A provision of DKK 997 thousand (2019/2020: DKK 745 thousand) has been made to meet expected warranty claims and is based on experiences regarding the level of repair. In addition to this, ordinary contractors' guarantee is incumbent on the Company. No amount has been provided in the annual report to cover this.</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Eventualposter m.v.</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Contingencies etc.</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Eventualforpligtigelser</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Contingen liabilities</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Selskabet har indgået leje- og leasingforpligtelser, der pr. 30. september 2021 udgør 13.150 tkr. (2019/20: 18.616 tkr.)</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The Company has lease obligations in the amount of DKK 18,616 thousand at 30 September 2021 (2019/20: DKK 12,425 thousand).</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Koncernens danske selskaber hæfter solidarisk for skat af de danske sambeskattede skattepligtige selskaber.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The Group's Danish companies are jointly and severally liable for tax from the Danish jointly taxed companies.</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="2" align="left" valign="middle" ><b>Nærtstående parter og ejerforhold</b></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" ><b>Related parties and ownership</b></td></tr><tr><td width="67%" colspan="1" align="left" valign="middle" ><b>Bestemmende indflydelse</b></td><td width="33%" colspan="1" align="left" valign="middle" >Grundlag</td></tr><tr><td width="67%" colspan="1" align="left" valign="middle" ><b>Controlling interest</b></td><td width="33%" colspan="1" align="left" valign="middle" >Basis</td></tr><tr><td width="67%" colspan="1" align="left" valign="middle" >TK Elevator Europe Africa GmbH</td><td width="33%" colspan="1" align="left" valign="middle" >Hovedaktionær</td></tr><tr><td width="67%" ></td><td width="33%" colspan="1" align="left" valign="middle" >Majority shareholder</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" ><b>Hjemsted</b></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" ><b>Location</b></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >ThyssenKrupp Allee 1</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >D45128 - Essen</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Tyskland</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" ><b>Koncernregnskab</b></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" ><b>Consolidated Financial Statements</b></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Selskabet indgår i koncernrapporten for moderselskabet TK Elevator Topo GmbH.</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >The Company is included in the Group Annual Report of the Parent Company TK Elevator Topo GmbH.</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Koncernrapporten for TK Elevator Topo GmbH kan rekvireres på følgende adresse</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >The Group Annual Report of TK Elevator Topo GmbH may be obtained at the following address</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >ThyssenKrupp Allee 1</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >D45128 - Essen</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Tyskland</td></tr><tr><td colspan="2"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Begivenheder efter regnskabsårets afslutning</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Subsequent events</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Der er ikke indtruffet begivenheder efter regnskabsårets afslutning af betydning for vurderingen af årsrapporten.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >No events have occurred after the closing of the financial year, which have an effect on the annual report.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Årsrapporten for TK Elevator Denmark A/S for 2020/21 er udarbejdet i overensstemmelse med årsregnskabslovens bestemmelser for mellemstore virksomheder i regnskabsklasse C.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>The annual report of TK Elevator Denmark A/S for 2020/21 has been prepared in accordance with the provisions applying to class C medium sized enterprises under the Danish Financial Statements Act.</td></tr></table> true <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Årsrapporten er aflagt i TDKK.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Generelt om indregning og måling</td></tr><tr><td colspan="1">I resultatopgørelsen indregnes indtægter i takt med, at de indtjenes. I resultatopgørelsen indregnes ligeledes alle omkostninger, der er afholdt for at opnå årets indtjening, herunder afskrivninger, nedskrivninger og hensatte forpligtelser samt tilbageførsler som følge af ændrede regnskabsmæssige skøn af beløb, der tidligere har været indregnet i resultatopgørelsen.</td></tr><tr><td colspan="1">Aktiver indregnes i balancen, når det er sandsynligt, at fremtidige økonomiske fordele vil tilflyde selskabet, og aktivets værdi kan måles pålideligt.</td></tr><tr><td colspan="1">Forpligtelser indregnes i balancen, når det er sandsynligt, at fremtidige økonomiske fordele vil fragå selskabet, og forpligtelsens værdi kan måles pålideligt.</td></tr><tr><td colspan="1">Ved første indregning måles aktiver og forpligtelser til kostpris. Efterfølgende måles aktiver og forpligtelser som beskrevet for hver enkelt regnskabspost nedenfor.</td></tr><tr><td colspan="1">Ved indregning og måling tages hensyn til forudsigelige tab og risici, der fremkommer, inden årsrapporten aflægges, og som be- eller afkræfter forhold, der eksisterede på balancedagen.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>The annual report is in TDKK.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Recognition and measurement</td></tr><tr><td /><td /><td>Income is recognised in the income statement as earned. Equally, all costs are recognised in the income statement, including depreciation, write downs, accrued obligations and reversals due to financial estimates, that previous has been recognised in the income statement.</td></tr><tr><td /><td /><td>Assets are recognised in the balance sheet when it is probable that future economic benefits will flow to the Company and the value of the asset can be reliably measured.</td></tr><tr><td /><td /><td>Liabilities are recognised in the balance sheet when an outflow of economic benefits is probable and when the liability can be reliably measured.</td></tr><tr><td /><td /><td>On initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described below for each individual item.</td></tr><tr><td /><td /><td>In recognising and measuring assets and liabilities, any losses and risks occurring prior to the presentation of the annual report that evidence conditions existing at the balance sheet date are taken into account.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Omregning af fremmed valuta</td></tr><tr><td colspan="1">Transaktioner i fremmed valuta omregnes til transaktionsdagens kurs. Valutakursdifferencer, der opstår mellem transaktionsdagens kurs og kursen på betalingsdagen, indregnes i resultatopgørelsen som en finansiel post.</td></tr><tr><td colspan="1">Tilgodehavender, gæld og andre monetære poster i fremmed valuta omregnes til balancedagens valutakurs. Forskellen mellem balancedagens kurs og kursen på tidspunktet for tilgodehavendets eller gældens opståen indregnes i resultatopgørelsen under finansielle indtægter og omkostninger.</td></tr><tr><td colspan="1">Anlægsaktiver, der er købt i fremmed valuta, måles til kursen på transaktionsdagen</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Foreign currency translation</td></tr><tr><td /><td /><td>Transactions denominated in foreign currencies are translated at the exchange rates at the transaction date. Foreign exchange differences arising between the exchange rates at the transaction date and at the date of payment are recognised in the income statement as interest income or expense and similar items.</td></tr><tr><td /><td /><td>Receivables and payables and other monetary items denominated in foreign currencies are translated at the exchange rates at the balance sheet date. The difference between the exchange rates at the balance sheet date and at the date at which the receivable or payable arose is recognised in the income statement as interest income or expense and similar items.</td></tr><tr><td /><td /><td>Fixed assets acquired in foreign currency are measured at the exchange rate at the transaction date.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Bruttofortjeneste</td></tr><tr><td colspan="1">Med henvisning til årsregnskabsloven §32 er nettoomsætningen ikke oplyst i årsrapporten.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Gross profit/loss</td></tr><tr><td /><td /><td>With reference to section 32 of the Danish Financial Statement Act, revenue has not been disclosed in the Annual Report.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Nettoomsætning</td></tr><tr><td colspan="1">Nettoomsætningen ved salg af service og reparationer samt arbejder vedrørende nyinstallationer af elevatorer m.v indregnes i resultatopgørelsen, såfremt levering og risikoovergang til køber har fundet sted inden årets udgang. Nettoomsætningen indregnes ekskl. moms, afgifter og med fradrag af rabatter i forbindelse med salget.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Revenue</td></tr><tr><td /><td /><td>Revenue from the sale of services and repairs as well as new installation of elevators etc. is recognised in the income statement provided that delivery and transfer of risk to the buyer has taken place before year. Revenue is booked ex VAT, taxes and discounts in relation to the sale.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Omkostninger til råvarer og hjælpematerialer</td></tr><tr><td colspan="1">Omkostninger til råvarer og hjælpematerialer indeholder det forbrug af råvarer og hjælpematerialer, der er anvendt for at opnå årets nettoomsætning.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Expenses for raw material and consumables</td></tr><tr><td /><td /><td>Expenses for raw materials and consumables comprise for the raw materials and consumables consumed to achive revenue for the year.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Andre eksterne omkostninger</td></tr><tr><td colspan="1">Andre eksterne omkostninger omfatter omkostninger til distribution, salg, reklame, administration, lokaler, tab på debitorer, operationelle leasingomkostninger m.v.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Other external costs</td></tr><tr><td /><td /><td>Other external costs comprise distribution costs, costs of sale, advertising, administration, office premises, bad debt losses, leases etc.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Personaleomkostninger</td></tr><tr><td colspan="1">Personaleudgifter indeholder lønninger, vederlag, pensioner og andre omkostninger til social sikring til selskabets ansatte, herunder direktion og bestyrelse.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Staff costs</td></tr><tr><td /><td /><td>Staff costs comprise salaries, remuneration, pensions and other social security costs to the Company's employees, including the Executive and Supervisory Boards.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Af- og nedskrivninger</td></tr><tr><td colspan="1">Af- og nedskrivninger indeholder årets af- og nedskrivninger på materielle og immaterielle anlægsaktiver.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Amortisation, depreciation and impairment losses</td></tr><tr><td /><td /><td>Amortisation, depreciation and impairment losses comprise amortisation, depreciation and impairment of tangible and intangible fixed assets.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Finansielle indtægter og omkostninger</td></tr><tr><td colspan="1">Finansielle indtægter og omkostninger indeholder renteindtægter og omkostninger, realiserede og urealiserede kursgevinster og -tab vedrørende gæld og transaktioner i fremmed valuta, og indregnes med de beløb der vedrører regnskabsåret.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Interest income and expense and similar items</td></tr><tr><td /><td /><td>Interest income and expense comprise interest income and expense, gains and losses on securities, payables and transactions denominated in foreign currencies, and are recognised at the amounts relating to the financial year.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Skat af årets resultat</td></tr><tr><td colspan="1">Årets skat, som består af årets aktuelle skat og forskydning i udskudt skat, indregnes i resultatopgørelsen med den del, der kan henføres til årets resultat, og direkte i egenkapitalen med den del, der kan henføres til posteringer direkte i egenkapitalen.</td></tr><tr><td colspan="1">Selskabet er sambeskattet med koncernforbundne danske selskaber. Den aktuelle selskabsskat fordeles mellem de sambeskattede selskaber i forhold til disses skattepligtige indkomster, og med fuld fordeling med refusion vedrørende skattemæssige underskud. De sambeskattede selskaber indgår i acontoskatteordningen.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Tax on profit/loss for the year</td></tr><tr><td /><td /><td>Tax for the year comprises current tax and changes in deferred tax for the year. The tax expense relating to the profit/loss for the year is recognised in the income statement, and the tax expense relating to amounts directly recognised in capital and reserves is recognised directly in capital and reserves.</td></tr><tr><td /><td /><td>The Company is jointly taxed with consolidated Danish enterprises. Current corporation tax is distributed among the jointly taxed companies in relation to their taxable incomes with full absorption with refunds for tax losses. The jointly taxed companies are included in the on-account tax scheme.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="2">Materielle anlægsaktiver</td></tr><tr><td colspan="2">Indretning af lejede lokaler, produktionsanlæg og maskiner samt andre anlæg, driftsmateriel og inventar måles til kostpris med fradrag af akkumulerede af- og nedskrivninger.</td></tr><tr><td colspan="2">Kostprisen omfatter anskaffelsesprisen samt omkostninger direkte tilknyttet anskaffelsen indtil det tidspunkt, hvor aktivet er klar til brug.</td></tr><tr><td colspan="2">Der foretages lineære afskrivninger over den forventede brugstid, baseret på følgende vurdering af aktivernes forventede brugstider</td></tr><tr><td>Indretning af lejede lokaler</td><td>3-5 år</td></tr><tr><td>Tekniske anlæg og maskiner</td><td>3-5 år</td></tr><tr><td>Andre anlæg, driftsmateriel og inventar</td><td>3-10 år</td></tr><tr><td colspan="2">Afskrivningsperiode og restværdi revurderes årligt</td></tr><tr><td colspan="2">Aktiver med kostpris under DKK 30.700 omkostningsføres i anskaffelsesåret.</td></tr><tr><td colspan="2">Fortjeneste og tab ved afhændelse af materielle anlægsaktiver opgøres som forskellen mellem salgsprisen med fradrag af salgsomkostninger og den regnskabsmæssige værdi på salgstidspunktet. Fortjeneste indregnes i resultatopgørelsen i bruttofortjenesten. Tab indregnes under andre driftsomkostninger.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Property, plant and equipment</td></tr><tr><td /><td /><td>Property, plant and equipment are measured at cost less accumulated depreciation and impairment.</td></tr><tr><td /><td /><td>Cost comprises the purchase price and any costs directly attributable to the acquisition until the date when the asset is available for use.</td></tr><tr><td /><td /><td>Depreciation is provided on a straight-line basis over the expected useful lives of the assets as follows</td></tr><tr><td /><td /><td>Leasehold improvements</td><td>3-5 years</td></tr><tr><td /><td /><td>Plant and machinery</td><td>3-5 years</td></tr><tr><td /><td /><td>Fixtures and fittings, other plant and equipment</td><td>3-10 years</td></tr><tr><td /><td /><td>Depreciation period and residual value are reassesed annually.</td></tr><tr><td /><td /><td>Assets costing less than DKK 30,700 are expensed in the year of acqusition.</td></tr><tr><td /><td /><td>Gains or losses on disposal of leasehold improvements, plant and equipment are determined as the difference between the sales price less disposal costs and the carrying amount at the date of disposal. Gains is recognised in the income statement in gross profitt. Losses is recognised in other operating expenses.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Nedskrivning af anlægsaktiver</td></tr><tr><td colspan="1">Den regnskabsmæssige værdi af immaterielle og materielle anlægsaktiver gennemgås årligt for at afgøre, om der er indikation af værdiforringelse ud over det, som udtrykkes ved afskrivning.</td></tr><tr><td colspan="1">Hvis dette er tilfældet, foretages nedskrivning til den lavere genindvindingsværdi.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Impairment of fixed assets</td></tr><tr><td /><td /><td>The carrying amounts of intangible assets and property, plant and equipment are reviewed on an annual basis to determine whether there is any indication of impairment other than that expressed by amortisation and depreciation.</td></tr><tr><td /><td /><td>In case of this, write-down is made to the recoverable amount</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Finansielle anlægsaktiver</td></tr><tr><td colspan="1">Finansielle anlægsaktiver omfatter deposita.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Fixed assets investments</td></tr><tr><td /><td /><td>Fixed assets investmnets consist of deposits.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Varebeholdninger</td></tr><tr><td colspan="1">Varebeholdninger måles til kostpris efter FIFO-metoden. Er nettorealisationsværdien lavere end kostprisen, nedskrives til denne lavere værdi.</td></tr><tr><td colspan="1">Kostpris for handelsvarer samt råvarer og hjælpematerialer omfatter købspris med tillæg af hjemtagelsesomkostninger.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Inventories</td></tr><tr><td /><td /><td>Inventories are measured at cost in accordance with the FIFO method. Where the net realisable value is lower than cost, inventories are written down to this lower value.</td></tr><tr><td /><td /><td>The cost of goods for resale, raw material and consumables equals landed cost.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Tilgodehavender</td></tr><tr><td colspan="1">Tilgodehavender måles til amortiseret kostpris. Der nedskrives til imødegåelse af forventede tab.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Receivables</td></tr><tr><td /><td /><td>Receivables are measured at amortised cost. Provision is made for anticipated losses.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Deferred tax assets and liabilities</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Deferred income tax is measured using the balance sheet liability method in respect of temporary differences arrising between the tax base of assets and liabilities and their carrying amounts for financial reporting purposes on the basis of the intended use of asset and settlement of liability, repectively.</td></tr><tr><td /><td /><td>Deferred tax assets, including the tax base of tax loss carry-forwards, are measured at the value at which the asset is expected to be realised, either by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity.</td></tr><tr><td /><td /><td>Deferred tax is measured on the basis of the tax rules and tax rates will be effective under the legislation at the balance sheet date when the deferred tax is expected to crystallise as current tax. Any changes in deferred tax due to changes to tax rates are recognised in the income statement.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Udskudt skat måles efer den balanceorienterede gældsmetode af midlertidige forskelle mellem regnskabsmæssig værdi og skattemæssige værdi af aktiver og forpligtelser, opgjort på grundlag af den planlagte anvendelse af aktivet, henholdvis afvikling af forpligtelsen.</td></tr><tr><td colspan="1">Udskudt skatteaktiv, herunder skatteværdien af fremførselsberettiget skattemæssigt underskud, måles til den værdi, hvortil aktivet forventes at kunne realiseres, enten ved udligning i skat af fremtidig indtjening eller ved modregning i udskudte skatteforpligtelser inden for samme juridiske skattenehed.</td></tr><tr><td colspan="1">Udskudt skat måles på grundlag af de skatteregler og skattesatser, der med balancedagens lovgivning vil være gældende, når den udskudte skat forventes udløst som aktuel skat. Ændring i udskudt skat som følge af ændringer i skattesatser indregnes i resultatopgørelsen.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Periodeafgrænsningsposter.</td></tr><tr><td colspan="1">Periodeafgrænsningsposter, indregnet under aktiver, omfatter afholdte omkostninger vedrørende efterfølgende regnskabsår.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Prepayments</td></tr><tr><td /><td /><td>Prepayments comprise costs incurred concerning subsequent financial years.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Hensatte forpligtelser</td></tr><tr><td colspan="1">Hensatte forpligtelser indregnes, når selskabet som følge af en begivenhed indtruffet senest på balancedagen har en retslig eller faktisk forpligtelse, og det er sandsynligt, at der må afgives økonomiske fordele for at indfri forpligtelsen.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Provisions</td></tr><tr><td /><td /><td>Provisions are recognised when - in consequense of an event occurred before or on the balance sheet date - the Company has a legal or constructive obligation and it is probable that economic benefits must be given up to settle the obligation.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Aktuelle skattetilgodehavender- og forpligtelser</td></tr><tr><td colspan="1">Aktuelle skatteforpligtelser og tilgodehavende aktuel skat indregnes i balancen som beregnet skat af årets skattepligtige indkomst reguleret for skat af tidligere års skattepligtige indkomster samt for betalte acontoskatter. Tillæg og godtgørelse under acontoskatteordningen indregnes i resultatopgørelsen under finansielle poster.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Current tax receivables and liabilities</td></tr><tr><td /><td /><td>Current tax liabilities and receivables are recognised in the balance sheet as the expected taxable income for the year adjusted for tax on taxable incomes for prior years and tax paid on account. Extra payments and repayments under the on-account taxation scheme are recognised in the income statement in the financial income and expenses.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Gældsforpligtelser</td></tr><tr><td colspan="1">Lån hos kreditinstitutter, indregnes ved låneoptagelse til det modtagne provenue med fradrag af afholdte transaktionsomkostninger. I efterfølgende perioder måles lånene til amortiseret kostpris, således at forskellen mellem provenuet og den nominelle værdi indregnes i resultatopgørelsen som en renteomkostning over låneperioden.</td></tr><tr><td colspan="1">Øvrige gældsforpligtelser måles til amortiseret kostpris, der i al væsentlighed svarer til nominel værdi.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Liabilities other than provisions</td></tr><tr><td /><td /><td>Loans from credit institutions, are recognised initially at the proceeds received net of transaction expenses incurred. Subsequently, the loans are measured at amortised cost; the difference between the proceeds and the nominal value is recognised as an interest expense in the income statement over the loan period.</td></tr><tr><td /><td /><td>Other debts are measured at amortised cost, substantially corresponding to nominal value.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Periodeafgrænsningsposter</td></tr><tr><td colspan="1">Under periodeafgrænsningsposter indregnes modtagne betalinger vedrørende indtægter i de efterfølgende år.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Deferred income</td></tr><tr><td /><td /><td>Deferred income comprises negative payments received concerning income in subsequent years.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Pengestrømsopgørelse</td></tr><tr><td colspan="1">I henhold til ÅRL §86, stk. 4 er der ikke udarbejdet pengestrømsopgørelse. Pengestrømsopgørelse for ThyssenKrupp Elevator A/S og tilknyttede virksomheder indgår i koncernregnskabet for TK Elevator Topo GmbH.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Cash flow statement</td></tr><tr><td /><td /><td>Pursuant to section 86 (4) of the Danish Financial Statement Act, no cash flow statement has been prepared. The cash flow statement of ThyssenKrupp Elevator A/S and group enterprises is included in the Annual Report of TK Elevator Topo GmbH</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Transaktioner om nærtstående parter</td></tr><tr><td colspan="1">I henhold til ÅRL §98 C, stk. 7 har der i året været gennemført en række transaktioner med nærtstående parter. Alle disse er vurderet indgået på markedsmæssige vilkår.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Related party transactions</td></tr><tr><td /><td /><td>Pursuant to section 98c (7) a number of transactions with related parties have been conducted during the year. All of these are assessed under market conditions</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="2">Nøgletal</td></tr><tr><td colspan="2">De i hoved- og nøgletalsoversigten anførte nøgletal er beregnet således</td></tr><tr><td>Afkastningsgrad</td><td>Resultat før finansielle poster x 100 / Samlede aktiver</td></tr><tr><td>Soliditetsgrad</td><td>Egenkapital ultimo x 100 / Samlede aktiver ultimo</td></tr><tr><td>Forrentning af egenkapital</td><td>Ordinært resultat efter skat x 100 / Gennemsnitlig egenkapital</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>Financial ratios</td></tr><tr><td /><td /><td>Return on assets</td><td>Profit before financials x 100 / Total assets</td></tr><tr><td /><td /><td>Solvency ratio</td><td>Equity at year end x 100 / Total assets at year end</td></tr><tr><td /><td /><td>Return on equity</td><td>Net profit for the year x 100 / Average equity</td></tr></table> Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup xWizard version 1.1.1083.0, by EasyX Aps. www.easyx.eu 2019-10-01 2020-09-30 Revisionspåtegning Grundlag for konklusion Konklusion Alexander Heinz Adm. Direktør Lars Andre Lucht formand Alexander Heinz Kasper Vormslev Olsen Erik Allan Gudmand Petersen Medarbejderrepræsentant Dan Rasmussen Medarbejderrepræsentant 112563000 13030000 34000 10071000 0.103 0.422 0.188 140 108610000 8163000 -100000 5641000 0.074 0.572 0.089 139 121050000 16991000 -77000 13955000 0.139 0.469 0.243 149 111748000 16169000 304000 12742000 0.118 0.501 0.186 139 110718000 54341000 76000 580000 149000 805000 661000 661000 1466000 7685000 20085000 27771000 44441000 28056000 1992000 1050000 75539000 5942000 109252000 1000000 42490000 10851000 998000 998000 12829000 18197000 1294000 1235000 18890000 2933000 55379000 55379000 110718000 126975000 53561000 110326000 63086000 122458000 57445000 136596000 68489000 112563000 98959000 574000 13030000 324000 290000 13064000 2993000 10071000 140 10851000 10071000 0 0 211000 822000 117000 1150000 661000 661000 1811000 7620000 18723000 26342000 54487000 35637000 2470000 1606000 94200000 4622000 125164000 126975000 1000000 42490000 10071000 53561000 745000 745000 14418000 24642000 1165000 691000 29812000 1941000 72669000 72669000 126975000 155 140 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 DK-2900 Hellerup 33771231 Morten Jørgensen statsautoriseret revisor mne32806