338767932024-01-012024-12-31338767932024-12-31338767932023-12-31fsa:ContributedCapitalMember338767932023-12-31fsa:ReserveForNetRevaluationAccordingToEquityMethodMember338767932023-12-31fsa:RetainedEarningsMember338767932023-12-31fsa:ProposedDividendRecognisedInEquityMember338767932023-12-31338767932024-01-012024-12-31fsa:RetainedEarningsMember338767932024-01-012024-12-31fsa:ProposedDividendRecognisedInEquityMember338767932024-01-012024-12-31fsa:ContributedCapitalMember338767932024-01-012024-12-31fsa:ReserveForNetRevaluationAccordingToEquityMethodMember338767932024-12-31fsa:ContributedCapitalMember338767932024-12-31fsa:ReserveForNetRevaluationAccordingToEquityMethodMember338767932024-12-31fsa:RetainedEarningsMember338767932024-12-31fsa:ProposedDividendRecognisedInEquityMember338767932024-01-012024-12-31fsa:ManagementMember338767932024-01-012024-12-31cmn:ConsolidatedMemberfsa:LiquidationAccountMember338767932024-01-012024-12-31cmn:ConsolidatedMember338767932024-01-012024-12-31cmn:ConsolidatedMember1338767932024-01-012024-12-31cmn:ConsolidatedMember2338767932024-01-012024-12-31cmn:ConsolidatedMember1338767932024-12-31cmn:ConsolidatedMember338767932023-12-31cmn:ConsolidatedMemberfsa:ContributedCapitalMember338767932023-12-31cmn:ConsolidatedMemberfsa:ReserveForCurrentValueAdjustmentsOfCurrencyGainsMember338767932023-12-31cmn:ConsolidatedMemberfsa:RetainedEarningsMember338767932023-12-31cmn:ConsolidatedMemberfsa:ProposedDividendRecognisedInEquityMember338767932023-12-31cmn:ConsolidatedMember338767932024-01-012024-12-31cmn:ConsolidatedMemberfsa:RetainedEarningsMember338767932024-01-012024-12-31cmn:ConsolidatedMemberfsa:ProposedDividendRecognisedInEquityMember338767932024-01-012024-12-31cmn:ConsolidatedMemberfsa:ContributedCapitalMember338767932024-01-012024-12-31cmn:ConsolidatedMemberfsa:ReserveForCurrentValueAdjustmentsOfCurrencyGainsMember338767932024-12-31cmn:ConsolidatedMemberfsa:ContributedCapitalMember338767932024-12-31cmn:ConsolidatedMemberfsa:ReserveForCurrentValueAdjustmentsOfCurrencyGainsMember338767932024-12-31cmn:ConsolidatedMemberfsa:RetainedEarningsMember338767932024-12-31cmn:ConsolidatedMemberfsa:ProposedDividendRecognisedInEquityMember338767932024-01-012024-12-31cmn:ConsolidatedMember2338767932024-01-012024-12-31cmn:ConsolidatedMemberfsa:ManagementMember338767932023-01-012023-12-31338767932023-01-012023-12-31fsa:ManagementMember338767932023-01-012023-12-31cmn:ConsolidatedMember338767932023-01-012023-12-31cmn:ConsolidatedMember2338767932022-12-31cmn:ConsolidatedMember338767932023-01-012023-12-31cmn:ConsolidatedMemberfsa:ManagementMemberiso4217:DKKxbrli:pure33876793ÅrsrapportUnusual circumstances affecting recognition and measurementThe group's assets, liabilities and financial position as of 31 Decemebr 2024 and the result of the group's activities and cash flows for 2024 are not affected by unusual conditions. 206519080312398633671146075The Executive Board has today considered and approved the annual report of Nest Egg ApS for the financial year 01.01.2024 - 31.12.2024. 3804827151928932000000The annual report is presented in accordance with the Danish Financial Statements Act.61385976145237969146075In our opinion, the consolidated financial statements and the parent financial statements give a true and fair view of the Group's and the Parent's financial position at 31.12.2024 and of the results of their operations and the consolidated cash flows for the financial year
01.01.2024 - 31.12.2024.3700377210734106443246091We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.278179238336210547837We recommend the annual report for adoption at the Annual General Meeting.1696014242276712365424Copenhagen NV96971913107301659110574579Lars Mark Poulsen132386602356840614867125Mads Renlef Henningsen837332538373325395707454To the shareholders of Nest Egg ApS54525975648355861031873We have audited the consolidated financial statements and the parent financial statements of Nest Egg ApS for the financial year 01.01.2024 - 31.12.2024, which comprise the income statement, balance sheet, statement of changes in equity and notes, including a
summary of significant accounting policies, for the Group as well as the Parent, and the consolidated cash flow statement. The consolidated financial statements and the parent financial statements
are prepared in accordance with the
Danish Financial Statements Act.
In our opinion, the consolidated financial statements and the parent financial statements give a true and fair view of the Group's and the Parent's financial position at 31.12.2024 and of the results of their operations and the consolidated cash flows for the financial year 01.01.2024 - 31.12.2024 in accordance
with the Danish Financial Statements Act.54525975648355861031873We conducted our audit in accordance with International Standards on Auditing (ISAs) and 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 consolidated financial statements and the parent financial statements" section of this auditor’s
report. We are independent of the Group in accordance
with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional
Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled
our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our opinion.54525975061031873Management is responsible for the preparation of consolidated financial statements and parent financial statements that give a true and fair view in
accordance
with the Danish Financial Statements Act, and for such internal control as Management determines
is necessary to enable the preparation of consolidated financial statements and parent financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the consolidated financial statements and the parent financial statements, Management is responsible for assessing the Group's and the Entity’s ability to continue
as a going concern, for disclosing, as applicable, matters related to going concern, and for using the going concern basis of accounting in preparing the consolidated financial statements and the parent financial statements unless Management either intends to liquidate
the Entity or to cease operations, or has no realistic alternative but to do so.1441682000Our objectives are to obtain reasonable assurance about whether the consolidated financial statements and the parent 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 consolidated financial statements and parent financial statements.
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:Identify and assess the risks of material misstatement of the consolidated financial statements and the parent 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 ofnot detecting a
material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.Obtain an understanding of internal control relevant to the audit 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 Group's and the Entity’s internal control.Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates
and related disclosures made by Management.Conclude on the appropriateness of Management’s use of the going concern basis of accounting in
preparing the consolidated financial statements and the parent 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 Group's and the Entity’s ability to
continue as a going concern. If we conclude that a material uncertainty exists, we are required to
draw attention in our auditor’s report to the related disclosures in the consolidated financial statements and the parent financial statements or, if such
disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence
obtained up to the date of our auditor’s report. However, future events or conditions may cause the
Group and the Entity to cease to continue as a going concern.Evaluate the overall presentation, structure and content of the consolidated financial statements and the parent financial statements, including the disclosures
in the notes, and whether the consolidated financial statements and the parent financial statements represent the underlying transactions and
events in a manner that gives a true and fair view.Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the group as a basis for forming an opinion on the consolidated financial statements and the parent financial statements. We are responsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion.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.17649057169546393011362574816954615124Management is responsible for the management commentary.
Our opinion on the consolidated financial statements and the parent financial statements does not cover the management commentary, and we do not express
any form of assurance conclusion thereon.
In connection with our audit of the consolidated financial statements and the parent financial statements, our responsibility is to read the management
commentary and, in doing so, consider whether the management commentary is materially inconsistent with
the consolidated financial statements and the parent financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated.
Moreover, it is our responsibility to consider whether the management commentary provides the information
required by relevant law and regulations.Based on the work we have performed, we conclude that the management commentary is in accordance with
the consolidated financial statements and the parent financial statements and has been prepared in accordance with the requirements in the relevant law and regulations. We did not identify any material misstatement of the management commentary.066531045140670798962410087578992205Aalborg400812492803575753449135Sami Nikolai El-Galaly25132898214719632656mne42793652141472925923354081791State Authorised Public Accountant11974012252935441115113664Financial highlights2024
DKK'0002023
DKK'0002022
DKK'0002021
DKK'0002020
DKK'000Key figuresGross profit/loss151,799123,986158,82377,11669,444Operating profit/loss133,607107,341132,93846,29560,315Net financials(10,251)(39)(984)(112)(113)Profit/loss for the year95,70783,733103,03336,17747,106Balance sheet total240,714239,902206,791151,28277,361Equity113,063101,278110,32245,49854,294Cash flows from operating activities38,051129,63468,32250,92538,873Cash flows from investing activities(5,434)(3,689)(13,824)(571)(955)Cash flows from financing activities(83,427)(92,903)(58,738)(21,721)(19,388)Average number of
employees2019191511RatiosReturn on equity (%)89.3079.14132.2572.50116.48Equity ratio (%)47.4942.2753.3553.3470.18Financial highlights are defined and calculated in accordance with the current version of "Recommendations &
Ratios" issued by the CFA Society Denmark.Return on equity (%)
:Profit/loss for the year * 100
Average equityEquity ratio (%):Equity * 100
Balance sheet total8000021466780000Primary activitiesThe company's purpose is to run trading, advisory and consulting services within the pharmaceutical and medicaltechnology industry. 175851156769081115291013Development in activities and financesThe group's income statement for 2024 shows a profit/loss of DKK 95,707k and the group's balance sheet per 31 December 2024 shows equity of DKK 113,063k.1132050640182Profit/loss for the year in relation to expected developmentsIn spite of a positive development in general for the Group the result was lower than expected due to a higher
expenditure level.83500000102748697052000Uncertainty relating to recognition and measurementThere has been no uncertainty during recognition and measurement in the annual report. 101278320121868405113063195OutlookManagement expects to be able to realize a profit for 2025 in the same level as for 2024.2077500821210922040000Events 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. 1001823324873010469151798518163742842399018340175541231846180280000205046963777118461802-1588822050469133606624119740122178572021151136644322325183500000800001457311820000001012783201758511512335583101132052764837723325308350000095707454969331059586563299010595865109373943835000006839009148183500000683900172820340118413911715824422579118413913862351401246390413862351401549631239901834422579329503641452379-4500000023814445953419450000003473813900574109201547468624312847702383362-43128477977197442422767051406702507387101930692129633586-134454616220202643840359705200031310423696190228250588155580000240714492-36894001529101380000-125944186640182-5814619300000097052000165126569693397052000-92903067Dividends from group enterprises in the statement of changes in equity for 2024 include dividends of 45.0mDKK adopted at the Annual General Meeting of subsidiaries where the annual report 2024 was approved.113063195330411191 Events after the balance sheet dateNo circumstances have occurred after the balance sheet date that have a significant influence on the assessment of the annual report. 70415490799732 Staff costs2024
DKK2023
DKKWages and salaries2,000,0003,001,855Pension costs0797,344Other social security costs05,6282,000,0003,804,827Average number of full-time employees01Remunerationof
Manage- ment
2024
DKKRemunerationof Manage- ment
2023
DKKExecutive Board2,000,0002,000,0002,000,0002,000,000Costs for wages and salaries include expenses for hired labour totalling DKK 2,000 thousand, corresponding to the remuneration of management.7041582121092016966719Remunerationof
Manage- ment
2024
DKKRemunerationof Manage- ment
2023
DKKExecutive Board2,000,0002,000,0002,000,0002,000,000120749300000020000001192374383 Other financial income2024
DKK2023
DKKFinancial income from group enterprises10,000,00035,293Other interest income437,613242,886Exchange rate adjustments110,224010,547,837278,1791398782332534 Other financial expenses2024
DKK2023
DKKFinancial expenses from group enterprises2,336,5871,478,575Other interest expenses10,028,837208,091Exchange rate adjustments09,34812,365,4241,696,01418281065 Tax on profit/loss for the year2024DKK2023DKKCurrent tax14,867,12513,238,66014,867,12513,238,66060850446 Proposed distribution of profit and loss2024
DKK2023
DKKOrdinary dividend for the financial year97,052,00083,500,000Retained earnings(1,344,546)233,25395,707,45483,733,253127580882127580882-1344546240714492800007 Financial assetsInvestments in group enterprises
DKKCost beginning of year740,860Cost end of year740,860Revaluations beginning of year53,785,114Exchange rate adjustments(422,579)Share of profit/loss for the year43,246,091Dividend(36,317,613)Revaluations end of year60,291,013Carrying amount end of year61,031,873A specification of investments in subsidiaries is evident from the notes to the consolidated financial statements.-1588828 Contingent liabilitiesThe group's companies are jointly and severally liable for tax on the group's jointly taxed income, etc. The group's companies are also jointly and severally liable
for Danish withholding taxes in the form of dividend tax, royalty tax and interest tax. Any subsequent corrections to corporate taxes and withholding taxes may result in the Group's liability amounting to a larger amount.
178572029 Non-arm’s length related party transactionsOnly non-arm's length related party transactions are disclosed in the annual report. No
such transactions were conducted during the financial year.83500000Investments in group enterprisesInvestments in group enterprises are recognised and measured in the parent financial statements according to the equity
method.
This means that investments are measured at the pro rata share of the enterprises’ equity value. Reference is made to the above
section on
business combinations for more details about the accounting policies applied to acquisitions of
investments in
group enterprises.
Group enterprises with negative equity value are measured at DKK 0. Any receivables from these enterprises
are written down to net realisable value based on a specific assessment. If the Parent has a legal
or constructive
obligation to cover the liabilities of the relevant enterprise, and it is probable that such
obligation will involve a
loss, a provision is recognised that is measured at present value of the costs
necessary to settle the obligations at
the balance sheet date.
Upon distribution of profit or loss, net revaluation of investments in group enterprises is transferred to
the reserve for net revaluation according to the equity method in equity.
Investments in group enterprises are written down to the lower of recoverable amount and carrying amount.
083500000835000000422579004225790-13445469705200080000-5814611651265697052000637771-36290343Unrealized exchange rate adjustments-4225799753147330501701457311847957950380505755473799723721683900-5433978-326165978350000072734-83427266-50810669313104231 Events after the balance sheet dateNo circumstances have occurred efter the balance sheet date that have a significant influnce on the assessment od the annual report. 2 Staff costs2024
DKK2023
DKKWages and salaries15,820,29713,037,706Pension costs1,657,7752,136,399Other social security costs76,05118,78817,554,12315,192,893Average number of full-time employees2019Remunerationof management
2024
DKKRemunerationof management
2023
DKKExecutive Board4,957,0003,000,0004,957,0003,000,00020Remunerationof management
2024
DKKRemunerationof management
2023
DKKExecutive Board4,957,0003,000,0004,957,0003,000,00049570003 Depreciation, amortisation and impairment losses2024
DKK2023
DKKAmortisation of intangible assets637,771400,272Impairment losses on intangible assets01,052,107637,7711,452,3794 Tax on profit/loss for the year2024
DKK2023
DKKCurrent tax27,363,29523,336,979Change in deferred tax285,082231,42727,648,37723,568,4065 Proposed distribution of profit/loss2024DKK2023DKKOrdinary dividend for the financial year97,052,00083,500,000Retained earnings(1,344,546)233,25395,707,45483,733,253-13445466 Intangible assetsAcquired rights
DKKCost beginning of year9,374,138Additions5,473,799Disposals(723,721)Cost end of year14,124,216Amortisation and impairment losses beginning of year(2,890,580)Amortisation for the year(637,771)Amortisation and impairment losses end of year(3,528,351)Carrying amount end of year10,595,8657 Property, plant and equipmentLeasehold improvements
DKKAdditions683,900Cost end of year683,900Carrying amount end of year683,9008 Financial assetsDeposits
DKKCost beginning of year169,546Additions1,014,593Cost end of year1,184,139Carrying amount end of year1,184,1399 Deferred tax2024DKK2023DKKIntangible assets(363,880)(106,055)Property, plant and equipment(27,415)4,156Inventories726,975484,548Receivables(406,095)(167,982)Deferred tax(70,415)214,667Changes during the year2024DKK2023DKKBeginning of year214,667446,016Recognised in the income statement(285,082)(231,427)Exchange rate adjustments
078End of year(70,415)214,667Deferred tax has been recognised in the balance sheet as follows2024DKK2023DKK
Deferred tax assets0214,667
Deferred tax liabilities(70,415)0(70,415)214,66710 Other receivablesOther receivables consist of loans to third parties and are expected to be repaid within the next financial year. The loans have been granted on market terms.11 PrepaymentsPrepayments consist of prepaid expenses concerning rent, insurance premiums and subscriptions etc.
12 Changes in working capital2024
DKK2023
DKKIncrease/decrease in inventories(5,478,906)(290,231)Increase/decrease in receivables(35,150,056)1,923,312Increase/decrease in trade payables etc.4,338,61944,320,338(36,290,343)45,953,41913 Unrecognised rental and lease commitments2024
DKK2023
DKKTotal liabilities under rental or lease agreements until maturity 5,431,854317,89014 Non-arm’s length related party transactionsOnly non-arm's length related party transactions are disclosed in the annual report. No
such transactions were conducted during the financial year.15 SubsidiariesRegistered inOwnership
%Equity
DKKMacure Pharma ApSKøbenhavn100.0080,000Nestinvest 1 ApSKøbenhavn100.0080,000Nestinvest 2 ApSKøbenhavn100.0050,000Nestinvest 3 ApSKøbenhavn100.0040,000Nestinvest 4 ApSKøbenhavn100.0040,000Nestinvest 5 ApSKøbenhavn100.0040,000Nestinvest 6 ApSKøbenhavn100.0040,000Macure Pharma UK Ltd.London100.00GPB 100This annual report has been prepared in accordance with the provisions of the Danish Financial Statements Act
governing reporting class C enterprises (medium).The accounting policies applied to these consolidated financial statements and parent financial statements are consistent with those applied last year.Recognition 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. Consolidated financial statementsThe consolidated financial statements comprise the Parent and the group enterprises (subsidiaries) that are controlled by the Parent. Control is achieved by the Parent, either directly or indirectly, holding more than 50% of the voting rights or in any other way possibly or actually exercising controlling influence.
Enterprises in which the Group, directly or indirectly, holds between 20% and 50% of the voting rights and exercises significant, but not controlling, influence are regarded as associates.Basis of consolidationThe consolidated financial statements are prepared on the basis of the financial statements of the Parent and its subsidiaries. The consolidated financial statements are prepared by combining uniform items. On consolidation, intra-group income and expenses, intra-group accounts and dividends as well as profits and losses on transactions between the consolidated enterprises are eliminated. The financial statements used for consolidation have been prepared applying the Group’s accounting policies.
Subsidiaries’ financial statement items are recognised in full in the consolidated financial statements.
Investments in subsidiaries are offset at the pro rata share of such subsidiaries’ net assets at the acquisition date, with net assets having been calculated at fair value.Foreign currency translationOn initial recognition, foreign currency transactions are translated applying the exchange rate at the
transaction
date. Receivables, payables and other monetary items denominated in foreign currencies that
have not been
settled at the balance sheet date are translated using the exchange rate at the balance
sheet date. Exchange
differences that arise between the rate at the transaction date and the rate in effect
at the payment date, or the
rate at the balance sheet date, are recognised in the income statement as
financial income or financial expenses.
When recognising foreign subsidiaries and associates that are independent entities, the income statements
are translated at average exchange rates for the months that do not significantly deviate from the rates at
the
transaction date. Balance sheet items are translated using the exchange rates at the balance sheet date. Goodwillis considered belonging to the independent foreign entity and is translated using the exchange
rate at the
balance sheet date. Exchange differences arising out of the translation of foreign subsidiaries’
equity at the
beginning of the year at the balance sheet date exchange rates and out of the translation of income statements
from average rates to the exchange rates at the balance sheet date are recognised directly in the translation reserve in equity.
Exchange adjustments of outstanding accounts with independent foreign subsidiaries, which are considered
part of the total investment in the subsidiary in question, are recognised directly in the translation reserve in equity.When recognising foreign subsidiaries that are integral entities, monetary assets and liabilities are
translated
using the exchange rates at the balance sheet date. Non-monetary assets and liabilities are
translated at the
exchange rate at the time of acquisition or the time of any subsequent revaluation or writedown.
The items of the
income statement are translated at the average rates of the months; however, items
deriving from non-monetary
assets and liabilities are translated using the historical rates applicable to the
relevant non-monetary items.Gross profit or lossGross profit or loss comprises revenue, changes in inventories of finished goods, other operating income, costs of raw materials and consumables and external expenses.RevenueRevenue from the sale of manufactured goods and goods for resale is recognised in the income statement
when delivery is made and risk has passed to the buyer. Revenue is recognised net of VAT, duties and
sales
discounts and is measured at fair value of the consideration fixed.Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary
activities.Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for normal inventory
writedowns.Other external expensesOther external expenses include expenses relating to the Entity’s normal activities, including expenses for
premises, stationery and office supplies, marketing costs, etc.Staff costsStaff costs comprise wages and salaries, and social security contributions, pension contributions, etc
. for entity
staff.Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses comprise depreciation, amortisation and impairment losses for the financial year, and gains and
losses from the sale of tangible and intangible assets.Income from investments in group enterprisesIncome from investments in group enterprises comprises the pro rata share of the individual enterprises’ profit/loss after full elimination of intra-group profits or losses.
Other financial incomeOther financial income comprise interest income, including exchange gains on transactions in foreign currencies and other interest income.Other financial expensesOther financial expenses comprise interest expenses, including exchange losses on transactions in foreign currencies and other 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.Intellectual property rights etc.Intellectual property rights etc. comprise acquired intellectual property rights.Intellectual property rights acquired are measured at cost less accumulated amortisation. Intellectual property rights etc. are
amortised on a straight-line basis over their remaining duration of the agreement.
Intellectual property rights etc. are written down to the lower of recoverable amount and carrying amount.Property, plant and equipmentLeasehold improvements are
measured at cost less accumulated depreciation and impairment losses.
Cost comprises the acquisition price, costs directly attributable to the acquisition and preparation costs of
the asset until the time when it is ready to be put into operation.
The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line
depreciation is made on the basis of the following estimated useful lives of the assets:Useful life
Leasehold improvements10 yearsFor leasehold improvements and assets subject to finance leases, the depreciation period cannot exceed
the contract period.
Estimated useful lives and residual values are reassessed annually.
Items of property, plant and equipment are written down to the lower of recoverable amount and carrying
amount.InventoriesInventories are measured at the lower of cost using the FIFO method and net realisable value.
Cost consists of purchase price plus delivery costs.
The net realisable value of inventories is calculated as the estimated selling price less completion costs and
costs incurred to execute sale.ReceivablesReceivables are measured at amortised cost, usually equalling nominal value, less writedowns for bad and
doubtful debts.Deferred taxDeferred tax is recognised on all temporary differences between the carrying amount and the tax-based
value of
assets and liabilities, for which the tax-based value is calculated based on the planned use of each
asset.
Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at
their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets.Tax payable or receivableCurrent tax payable or receivable is recognised in the balance sheet, stated as tax computed on this year's
taxable income, adjusted for prepaid tax.Joint taxation contributions payable or receivable Current joint taxation contributions payable or receivable are recognised in the
balance sheet, stated as tax computed on this year's taxable income, 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.PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at
cost.CashCash comprises bank deposits.DividendDividend is recognised as a liability at the time of adoption at the general meeting. Proposed dividend for
the financial year is disclosed as a separate item in equity.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.Prepayments received from customersPrepayments received from customers comprise amounts received from customers prior to delivery of the
goods agreed or completion of the service agreed.Cash flow statementThe cash flow statement shows cash flows from operating, investing and financing activities, and cash
and cash equivalents at the beginning and the end of the financial year.
Cash flows from operating activities are presented using the indirect method and calculated as the operating
profit/loss adjusted for non-cash operating items, working capital changes, and financial income, financial expenses and income tax paid.
Cash flows from investing activities comprise payments in connection with acquisition and divestment of
enterprises, activities and fixed asset investments, and purchase, development, improvement and sale,
etc. of intangible assets and property, plant and equipment.
Cash flows from financing activities comprise changes in the size or composition of the contributed capital
and related costs, and the raising of loans, repayments of interest-bearing debt, including lease liabilities, purchase of treasury shares and payment of dividend.
Cash and cash equivalents comprise cash and short-term securities with an insignificant price risk.
The cash flow statement shows cash flows from operating, investing and financing activities, and cash
and cash equivalents at the beginning and the end of the financial year.
Cash flows from operating activities are presented using the indirect method and calculated as the operating
profit/loss adjusted for non-cash operating items, working capital changes, and financial income, financial expenses and income tax paid.
Cash flows from investing activities comprise payments in connection with acquisition and divestment of
enterprises, activities and fixed asset investments, and purchase, development, improvement and sale,
etc. of intangible assets and property, plant and equipment.
Cash flows from financing activities comprise changes in the size or composition of the contributed capital
and related costs, and the raising of loans, repayments of interest-bearing debt, including lease liabilities, purchase of treasury shares and payment of dividend.
Cash and cash equivalents comprise cash and short-term securities with an insignificant price risk.
trueGrundlag for konklusionKonklusion2025-06-262025-06-2633963556Deloitte Statsautoriseret RevisionspartnerselskabRevisionspåtegningRegnskabsklasse C, mellemstor virksomhed2023-12-312023-01-0133963556Weidekampsgade 6Deloitte Statsautoriseret Revisionspartnerselskab2300 København S2024-12-312024-01-01Nest Egg ApS33876793ÅrsrapportAalborg900026, 4. salØstre HavnepromenadeKøbenhavnKøbenhavn NV2400239Hejrevej2025-06-26Mads Renlef Henningsen