436230792024-01-012024-12-31436230792024-01-012024-12-311436230792024-01-012024-12-313436230792024-01-012024-12-312436230792024-01-012024-12-31fsa:ContributedCapitalMember436230792024-01-012024-12-31fsa:RetainedEarningsMember436230792022-11-042023-12-31436230792024-12-31436230792024-01-01fsa:ContributedCapitalMember436230792024-01-01fsa:RetainedEarningsMember436230792023-12-31xbrli:purexbrli:pureiso4217:DKKxbrli:sharesxbrli:pureRasmus Lildholdt KjærRasmus Lildholdt KjærMark Augustenborg ØdumManaging DirectorBoard MemberChairmanIngen bistandVæsentlig usikkerhed vedr. fortsat drifttrue4086724473921627618722Regnskabsklasse B400000400000408672447392170607650Recognition and measurement As the financial statements have not been prepared on a going convern basis: - all assets recognised at net realisable values - provision have been made for lossmaking contracts if any - liabilities might become due sooner than originally agreed with lenders etc. 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 Property, plant and equipment Property, plant and equipment in progress are measured at cost less accumulated depreciation and impairment losses. Property, plant and equipment in progress are not depreciated. 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. Interest expenses on loans for the manufacturing of property, plant and equipment are included in cost if they relate to the manufacturing period. All other financial expenses are recognised in the income statement. The basis of depreciation is cost less estimated residual value after the end of useful life. The useful life and residual value are reassessed annually. Items of property, plant and equipment are written down to the lower of recoverable amount and carrying amount. 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.. 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. Liabilities Financial liabilities are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent periods, financial liabilities are measured at amortized cost, corresponding to the capitalized value using the effective interest method, so that the difference between the proceeds and the nominal value is recognised in the income statement over the life of the financial instrument. Other liabilities, comprising deposits, trade payables and other accounts payable, are measured at amortised cost, which usually corresponds to the nominal value. Off-balance sheet items Contingent liabilities comprise obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not fully within the control of the company; or present obligations that arise from past events but are not recognised because the outflow of resources embodying economic benefits will probably not be required to settle the obligation or because the amount of the obligation cannot be measured with sufficient reliability. Lease commitments are measured at the nominal value of the remaining lease payments Cash and cash equivalents comprise cash.. , Cash and cash equivalents Cash and cash equivalents comprise cash.. 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.Off-balance sheet items Contingent liabilities comprise obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not fully within the control of the company; or present obligations that arise from past events but are not recognised because the outflow of resources embodying economic benefits will probably not be required to settle the obligation or because the amount of the obligation cannot be measured with sufficient reliability. Lease commitments are measured at the nominal value of the remaining lease payments , Financial liabilities are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent periods, financial liabilities are measured at amortized cost, corresponding to the capitalized value using the effective interest method, so that the difference between the proceeds and the nominal value is recognised in the income statement over the life of the financial instrument. Other liabilities, comprising deposits, trade payables and other accounts payable, are measured at amortised cost, which usually corresponds to the nominal value. , Liabilities Financial liabilities are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent periods, financial liabilities are measured at amortized cost, corresponding to the capitalized value using the effective interest method, so that the difference between the proceeds and the nominal value is recognised in the income statement over the life of the financial instrument. Other liabilities, comprising deposits, trade payables and other accounts payable, are measured at amortised cost, which usually corresponds to the nominal value. Property, plant and equipment Property, plant and equipment in progress are measured at cost less accumulated depreciation and impairment losses. Property, plant and equipment in progress are not depreciated. 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. Interest expenses on loans for the manufacturing of property, plant and equipment are included in cost if they relate to the manufacturing period. All other financial expenses are recognised in the income statement. The basis of depreciation is cost less estimated residual value after the end of useful life. The useful life and residual value are reassessed annually. Items of property, plant and equipment are written down to the lower of recoverable amount and carrying amount. Impairment of accounts receivables past due is established on individual assessment of receivables. , 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. Reporting class The annual report of Solpark Vamdrup P/S for 2024 has been prepared 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. Management has assessed that the going concern condition is not met, cf. the discussion in note 3. The annual report has been presented in accordance with the same accounting policies as last year, but the recognition, measurement, classification and presentation of accounting items, etc. have been made taking into account that the company's assets and liabilities are to be realised. Reporting currency The annual report is presented in Danish kroner (DKK). Recognition and measurement As the financial statements have not been prepared on a going convern basis: - all assets recognised at net realisable values - provision have been made for lossmaking contracts if any - liabilities might become due sooner than originally agreed with lenders etc. 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 Property, plant and equipment Property, plant and equipment in progress are measured at cost less accumulated depreciation and impairment losses. Property, plant and equipment in progress are not depreciated. 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. Interest expenses on loans for the manufacturing of property, plant and equipment are included in cost if they relate to the manufacturing period. All other financial expenses are recognised in the income statement. The basis of depreciation is cost less estimated residual value after the end of useful life. The useful life and residual value are reassessed annually. Items of property, plant and equipment are written down to the lower of recoverable amount and carrying amount. 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.. 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. Liabilities Financial liabilities are recognised initially at the proceeds received net of transaction expenses incurred. In subsequent periods, financial liabilities are measured at amortized cost, corresponding to the capitalized value using the effective interest method, so that the difference between the proceeds and the nominal value is recognised in the income statement over the life of the financial instrument. Other liabilities, comprising deposits, trade payables and other accounts payable, are measured at amortised cost, which usually corresponds to the nominal value. Off-balance sheet items Contingent liabilities comprise obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not fully within the control of the company; or present obligations that arise from past events but are not recognised because the outflow of resources embodying economic benefits will probably not be required to settle the obligation or because the amount of the obligation cannot be measured with sufficient reliability. Lease commitments are measured at the nominal value of the remaining lease payments 5. Contingent liabilities The company has engaged in conditional agreeements regarding neighbour compensations for a total of DKK 8.8 million. In addition, the company is exposed to pay compensation or buy properties located within 200 meters of a Better Energy solar park (Danish renewable energy legislation). Contributed Retained capital earnings Total Equity 1 January 2024 400,000 8,672 408,672 Profit (loss) for the year 0 -17,093,507 -17,093,507 Equity 31 December 2024 400,000 -17,084,835 -16,684,835 At the balance sheet date, the company has lost more than 50% of its share capital. Reference is made to note 3. 2024 2022/23 DKK DKK 1. Financial income Financial income from group enterprises 24,456 16,146 Other financial income 73 344 24,529 16,490 6. 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. Property, plant and equipment in progress Cost at the beginning of the year 0 0 Additions for the year 17,060,765 0 Cost at the end of the year 17,060,765 0 Impairment losses for the year -17,060,765 0 Impairment losses and amortisation at the end of the year -17,060,765 0 Carrying amount at the end of the year 0 0 Interests included in cost of assets 588,162 0 4. Significant events occurring after end of reporting period In 2025, the company has been unable to provide the required grid connection guarantee to Energinet, putting the grid allocation and thus the financial viability of the project at risk. In addition the Company has not been able to pay for rent of the land for the project. 3. Going concern At the balance sheet date, the Company has lost more than 50% of its share capital and as the company, in 2025, has been unable to provide the required grid connection guarantee to Energinet, putting the grid allocation and thus the financial viability of the project at risk, the project has been impaired. Management does not consider it likely that the capital base can be reestablished. As a result, the financial statements are prepared on a non-going concern basis. 408672-16684835-400000-8672-57271-7818The annual report of Solpark Vamdrup P/S for 2024 has been prepared 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. 4086724473920171322277. Staff Cost The entity has no employees and the management has not received any remuneration. 2452916490125013068-17093507-1709350786720-170935078672-17118036-78188672-17084835false01713222701709816439239642867039114641560203406317093507-8672Frederiksberg C, 1850Gammel Kongevej 602022-11-042025-07-154362307945427420ÅrsrapportRasmus Lildholdt KjærSolpark Vamdrup P/SBetter Energy Management A/S2022-11-042023-12-312024-12-312024-01-01Development in activities and financial matters Solpark Vamdrup P/S' income statement for the financial year 1 January 2024 - 31 December 2024 shows a result of DKK -17,093,507 and the balance sheet at 31 December 2024 a Total assets of DKK 447,392 and an equity of DKK -16,684,835. The Company's main activities The main activities of Solpark 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. Going concern At the balance sheet date, the Company has lost more than 50% of its share capital. As the company, in 2025, has been unable to provide the required grid connection guarantee to Energinet, putting the grid allocation and thus the financial viability of the project at risk the project has been impaired. Management does not consider it likely that the capital base can be reestablished. As a result, the financial statements are prepared on a non-going concern basis. Reference is made to note 3. Significant events occurring after end of reporting period In 2025, the company has been unable to provide the required grid connection guarantee to Energinet, putting the grid allocation and thus the financial viability of the project at risk. In addition the Company has not been able to pay for rent of the land for the project. Reference is made to note 4 The Company's main activities The main activities of Solpark 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 Solpark Vamdrup P/S' income statement for the financial year 1 January 2024 - 31 December 2024 shows a result of DKK -17,093,507 and the balance sheet at 31 December 2024 a Total assets of DKK 447,392 and an equity of DKK -16,684,835. Going concern At the balance sheet date, the Company has lost more than 50% of its share capital. As the company, in 2025, has been unable to provide the required grid connection guarantee to Energinet, putting the grid allocation and thus the financial viability of the project at risk the project has been impaired. Management does not consider it likely that the capital base can be reestablished. As a result, the financial statements are prepared on a non-going concern basis. Reference is made to note 3. Significant events occurring after end of reporting period In 2025, the company has been unable to provide the required grid connection guarantee to Energinet, putting the grid allocation and thus the financial viability of the project at risk. In addition the Company has not been able to pay for rent of the land for the project. Reference is made to note 4 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 Solpark Vamdrup P/S at 31 December 2024 and of the results of the company's operations for the financial year 1 January 2024 - 31 December 2024. The conditions for not conducting an audit of the financial statements have been met. 2025-07-15Today, the Executive Board and the Board of Directors have considered and adopted the annual report of Solpark Vamdrup P/S for the financial year 1 January 2024 - 31 December 2024. 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 Solpark Vamdrup P/S for the financial year 1 January 2024 - 31 December 2024. 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 Solpark Vamdrup P/S at 31 December 2024 and of the results of the company's operations for the financial year 1 January 2024 - 31 December 2024. 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, 15 July 2025 Executive Board Rasmus Lildholdt Kjær Man. Director Board of Directors Mark Augustenborg Ødum Rasmus Lildholdt Kjær Chairman Member