34624704 2022-01-01 2022-12-31 34624704 2022-01-01 2022-12-31 auditor_1 34624704 2022-01-01 2022-12-31 memberOfBoardIdentifier_1 34624704 2021-01-01 2021-12-31 34624704 2022-01-01 2022-12-31 fsa:ExtraordinaryDistributionsMember 34624704 2021-01-01 2021-12-31 fsa:ExtraordinaryDistributionsMember 34624704 2022-01-01 2022-12-31 fsa:RetainedEarningsMember 34624704 2021-01-01 2021-12-31 fsa:RetainedEarningsMember 34624704 2022-12-31 34624704 2021-12-31 34624704 2021-12-31 fsa:ContributedCapitalMember 34624704 2021-12-31 fsa:RetainedEarningsMember 34624704 2022-01-01 2022-12-31 fsa:ContributedCapitalMember 34624704 2022-01-01 2022-12-31 fsa:RetainedEarningsMember 34624704 2022-12-31 fsa:ContributedCapitalMember 34624704 2022-12-31 fsa:RetainedEarningsMember iso4217:DKK Årsrapport 2022-01-01 2021-01-01 2022-12-31 2021-12-31 2023-07-14 34624704 2023-07-14 2012-07-27 Reporting class B KPMG 2100 København Ø Dampfærgevej 28 25578198 Auditor's reports (Other non-assurance reports) Copenhagen 2023-07-14 KPMG 25578198 true Yuyang Feng The Executive Board has today discussed and approved the annual report for AURORA HOLDING ApS for the financial year 1 January - 31 December 2022. The annual report, which has not been audited, is presented in accordance with the Danish Financial Statements Act. In my opinion, the financial statements give a true and fair view of the Company's assets, liabilities and financial position at 31 December 2022 and of the results of the Company's operations for the financial year 1 January - 31 December 2022.Further, in my opinion, the Management's review gives a fair review of the matters discussed in the Management's review. I recommend that the annual report be approved at the annual general meeting. Management confirms that the Company fulfils the requirement to be exempt from audit. Yuyang Feng CEO Auditor's report on compilation of financial statements To the Management of AURORA HOLDING ApS We have compiled the financial statements of AURORA HOLDING ApS for the financial year 1 January - 31 December 2022 based on the Company's bookkeeping records and other information provided by you.The financial statements comprise income statement, balance sheet, statement of changes in equity and notes, including accounting policies.We performed our work in accordance with ISRS 4410 Compilation Engagements.We have applied our professional expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Auditor Act, including the requirements for independence, and International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), which is based on fundamental principles of integrity, objectivity, professional competence and due care.These financial statements and the accuracy and completeness of the information used to compile them are your responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion as to whether these financial statements are prepared in accordance with the Danish Financial Statements Act. Morten Høgh-Petersen mne34283 AURORA HOLDING ApS Diplomvej 381 DK-2800 Kongens Lyngby Lyngby-Taarbæk Principal activities The company's objective is to own shares in subsidiaries. Events after the balance sheet date No events have occurred after the balance sheet date of material importance to the annual report for 2022. Development in activities and financial position The Company's income statement for 2022 shows a loss of DKK 11,330 as against a profit of DKK 3,342,166 in 2021. Equity in the Company's balance sheet at 31 December 2022 stood at DKK 58,940 as against DKK 70,270 at 31 December 2021. -14428 -8000 0 3400000 98 12575 -14526 3379425 -3196 37259 -11330 3342166 0 3247000 -11330 95166 200000 200000 200000 200000 3196 0 640 15166 3836 15166 203836 215166 80000 80000 -21060 -9730 58940 70270 2500 2500 142396 142396 144896 144896 203836 215166 80000 -9730 0 -11330 80000 -21060 The annual report of AURORA HOLDING ApS for 2022 has been prepared in accordance with the provisions applying to reporting class B entities under the Danish Financial Statements Act with opt-in from higher reporting classes.The accounting policies used in the preparation of the financial statements are consistent with those of last year. Omission of consolidated financial statementsPursuant to section 110(1) of the Danish Financial Statements Act, no consolidated financial statements have been prepared. Other external costs Other external costs comprise administrative expenses. Financial income and expenses Financial income and expenses comprise interest income and expense, as well as surcharges and refunds under the on-account tax scheme, etc. Dividends from equity investments in subsidiaries measured at cost are recognised as income in the Company's income statement in the financial year when the dividends are declared. Tax on profit/loss for the year The Company is subject to the Danish rules on compulsory joint taxation of the Group's Danish subsidiaries. The subsidiaries are included in the joint taxation from the date when they are included in the consolidated financial statements and up to the date when they are excluded from the consolidation. The Company is the administrative company for the joint taxation and accordingly settles all payments of corporation tax to the tax authorities. On payment of joint taxation contributions, current Danish corporation tax is allocated between the jointly taxed entities in proportion to their taxable income. Entities with tax losses receive joint taxation contributions from entities that have used the losses to reduce their own taxable profit. Tax for the year comprises current corporation tax for the year and changes in deferred tax, including changes in tax rates. 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 equity is recognised directly in equity. Investments Equity investments in group entities are measured at cost. In case of indication of impairment, an impairment test is conducted. When the cost exceeds the recoverable amount, write-down is made to this lower value. The cost is reduced by dividends received exceeding accumulated earnings after the acquisition date. Other receivables and deposits are recognised at amortised cost. Receivables Receivables are measured at amortised cost. Write-down is made for bad debt losses where there is an objective indication that a receivable has been impaired. If there is an objective indication that an individual receivable has been impaired, write-down is made on an individual basis. Receivables with no objective indication of individual impairment are assessed for objective indication of impairment on a portfolio basis. The portfolios are primarily based on the debtors' registered offices and credit rating in accordance with the Company's credit risk management policy. The objective indicators used in relation to portfolios are determined on the basis of historical loss experience. Write-downs are calculated as the difference between the carrying amount of receivables and the present value of forecast cash flows, including the realisable value of any collateral received. The effective interest rate for the individual receivable or portfolio is used as discount rate. Cash at bank and in hand Cash at bank and in hand comprise cash and bank deposits. Corporation tax and deferred tax Current tax payable and receivable is recognised in the balance sheet as tax computed on the taxable income for the year, adjusted for tax on the taxable income of prior years and for tax paid on account. Deferred tax is measured using the balance sheet liability method on all temporary differences between the carrying amount and the tax value of assets and liabilities measured on the planned use of the asset or settlement of the liability, respectively. However, deferred tax is not recognised on temporary differences relating to office buildings non-deductible for tax purposes and other items where temporary differences arise at the date of acquisition without affecting either profit/loss or taxable income. Deferred tax assets, including the tax value of tax loss carryforwards, are recognised at the expected value of their utilisation within the foreseeable future; either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the same legal tax entity. Any deferred net assets are measured at net realisable value. Deferred tax is measured in accordance with the tax rules and at the tax rates applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Changes in deferred tax as a result of changes in tax rates are recognised in the income statement or equity, respectively. Liabilities Liabilities are measured at amortised cost. Current tax for the year037,259Deferred tax adjustment for the year-3,1960-3,196 37,259 Contingent liabilities The Group's Danish entities are severally liable for tax on the Group's jointly taxed income and for certain withholding taxes such as dividend tax. The Group as a whole is not liable to any other parties.