436230792022-11-042023-12-31436230792022-11-042023-12-312436230792022-11-042023-12-313436230792022-11-042023-12-314436230792022-11-042023-12-311436230792022-11-042023-12-31fsa:ContributedCapitalMember436230792022-11-042023-12-31fsa:RetainedEarningsMember436230792023-12-31436230792022-11-04fsa:ContributedCapitalMember436230792022-11-04fsa:RetainedEarningsMemberxbrli:purexbrli:pureiso4217:DKKxbrli:sharesMikkel SjørslevNikolaj Kristian Qvade RasmusenMikkel SjørslevSigne Storgaard SørensenChairmanIngen bistandfalse40867216276Regnskabsklasse B400000408672Recognition and measurement Assets 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 company, and the value of the assets can be measured reliably. Liabilities are recognised in the balance sheet when the company 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 company, and the value of the liabilities can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is affected 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. Foreign currency translation On initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Receivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the balance sheet date. Exchange differences that arise between the rate at the transaction date and the one in effect at the payment date or the rate at the balance sheet date are recognised in the income statement as financial income or financial expenses. Property, plant and equipment, intangible assets, inventories and other non-monetary assets that have been purchased in foreign currencies are translated using historical rates. Proposed dividends Proposed dividends for the year are recognised as a separate item under equity. Proposed dividends are recognised as a liability when approved by the Annual General Meeting. Balance sheet Receivables Receivables are measured at amortised cost, usually equalling nominal value, less writedowns for bad and doubtful debts. Impairment of accounts receivables past due is established on individual assessment of receivables. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand as well as short-term securities with a term of less than three months which can be converted directly into cash at bank and in hand and involve only an insignificant risk of value changes. Equity Proposed dividends Proposed dividends for the year are recognised as a separate item under equity. Proposed dividends are recognised as a liability when approved by the Annual General Meeting. Cash and cash equivalents comprise cash at bank and in hand as well as short-term securities with a term of less than three months which can be converted directly into cash at bank and in hand and involve only an insignificant risk of value changes. , Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand as well as short-term securities with a term of less than three months which can be converted directly into cash at bank and in hand and involve only an insignificant risk of value changes. Equity Proposed dividends Proposed dividends for the year are recognised as a separate item under equity. Proposed dividends are recognised as a liability when approved by the Annual General Meeting. Other external expenses Other external expenses include expenses for operation and administration. Income statement Gross profit/loss The company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit or loss comprises other external expenses. Other external expenses Other external expenses include expenses for operation and administration. Financial income Financial income comprises interest income, including interest income on receivables from group enterprises, amortisation of financial assets, payables and transactions in foreign currencies as well as fair value adjustments of financial interests. Receivables Receivables are measured at amortised cost, usually equalling nominal value, less writedowns for bad and doubtful debts. Impairment of accounts receivables past due is established on individual assessment of receivables. , Impairment of accounts receivables past due is established on individual assessment of receivables. Reporting class The annual report of Better Energy Vamdrup P/S for 2022/23 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B with addition of certain provisions for reporting class C. As the financial year 2022/23 is the company's first financial year, the financial statements with associated notes have been prepared without comparative figures from the previous year. Reporting currency The annual report is presented in Danish kroner (DKK). Recognition and measurement Assets 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 company, and the value of the assets can be measured reliably. Liabilities are recognised in the balance sheet when the company 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 company, and the value of the liabilities can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is affected 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. Foreign currency translation On initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Receivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the balance sheet date. Exchange differences that arise between the rate at the transaction date and the one in effect at the payment date or the rate at the balance sheet date are recognised in the income statement as financial income or financial expenses. Property, plant and equipment, intangible assets, inventories and other non-monetary assets that have been purchased in foreign currencies are translated using historical rates. Income statement Gross profit/loss The company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit or loss comprises other external expenses. Other external expenses Other external expenses include expenses for operation and administration. Financial income Financial income comprises interest income, including interest income on receivables from group enterprises, amortisation of financial assets, payables and transactions in foreign currencies as well as fair value adjustments of financial interests. Balance sheet Receivables Receivables are measured at amortised cost, usually equalling nominal value, less writedowns for bad and doubtful debts. Impairment of accounts receivables past due is established on individual assessment of receivables. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and in hand as well as short-term securities with a term of less than three months which can be converted directly into cash at bank and in hand and involve only an insignificant risk of value changes. Equity Proposed dividends Proposed dividends for the year are recognised as a separate item under equity. Proposed dividends are recognised as a liability when approved by the Annual General Meeting. Contributed Retained capital earnings Total Equity 4 November 2022 400,000 0 400,000 Profit/loss for the year 0 8,672 8,672 Equity 31 December 2023 400,000 8,672 408,672 The company was established 4 November 2022 with a contributed capital of DKK 400,000. 2022/23 DKK 1. Financial income Financial income from group enterprises 16,146 Other financial income 344 16,490 3. Group relations Name and registered office of the parent company preparing consolidated statements for the smallest group: Better Energy Holding A/S, Business Registration No. 31865883, Frederiksberg. 2. Significant events occurring after end of reporting period No events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report. 408672-4000000-7818As the financial year 2022/23 is the company's first financial year, the financial statements with associated notes have been prepared without comparative figures from the previous year. The annual report of Better Energy Vamdrup P/S for 2022/23 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B with addition of certain provisions for reporting class C. 4086721649012508672086728672-78188672false392396391146-8672Frederiksberg C, 1850Gammel Kongevej 60, 14.2022-11-042024-06-144362307936950676ÅrsrapportHo Kei AuBetter Energy Vamdrup P/SBetter Energy A/S2023-12-312022-11-04Development in activities and financial matters Better Energy Vamdrup P/S' income statement of the financial year 4 November 2022 - 31 December 2023 shows a result of DKK 8,672 and the balance sheet at 31 December 2023 a balance sheet total of DKK 408,672 and an equity of DKK 408,672. The company's main activities The main activities of Better Energy Vamdrup P/S are directly or indirectly to acquire, own and operate solar parks as well as related activities including to own and/or lease of land. The company's main activities The main activities of Better Energy Vamdrup P/S are directly or indirectly to acquire, own and operate solar parks as well as related activities including to own and/or lease of land. Development in activities and financial matters Better Energy Vamdrup P/S' income statement of the financial year 4 November 2022 - 31 December 2023 shows a result of DKK 8,672 and the balance sheet at 31 December 2023 a balance sheet total of DKK 408,672 and an equity of DKK 408,672. The annual report is presented in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the assets, liabilities and financial position of Better Energy Vamdrup P/S at 31 December 2023 and of the results of the company's operations for the financial year 4 November 2022 - 31 December 2023. The conditions for not conducting an audit of the financial statements have been met. 2024-06-14Today, the Executive Board and the Board of Directors have considered and adopted the annual report of Better Energy Vamdrup P/S for the financial year 4 November 2022 - 31 December 2023. In our opinion, the management's review includes a true and fair account of the matters addressed in the review. FrederiksbergWe recommend that the annual report be adopted at the Annual General Meeting. Today, the Executive Board and the Board of Directors have considered and adopted the annual report of Better Energy Vamdrup P/S for the financial year 4 November 2022 - 31 December 2023. The annual report is presented in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the assets, liabilities and financial position of Better Energy Vamdrup P/S at 31 December 2023 and of the results of the company's operations for the financial year 4 November 2022 - 31 December 2023. In our opinion, the management's review includes a true and fair account of the matters addressed in the review. The conditions for not conducting an audit of the financial statements have been met. We recommend that the annual report be adopted at the Annual General Meeting. Frederiksberg, 14 June 2024 Executive Board Mikkel Sjørslev Managing director Board of Directors Nikolaj Kristian Qvade Rasmusen Mikkel Sjørslev Signe Storgaard Sørensen Chairman Board member Board member