iso4217:DKK398779292021-01-012021-12-31398779292021-01-012021-12-311398779292021-01-012021-12-311398779292021-01-012021-12-312398779292021-01-012021-12-31398779292020-01-012020-12-31398779292021-01-012021-12-31fsa:RetainedEarningsMember398779292020-01-012020-12-31fsa:RetainedEarningsMember398779292021-01-012021-12-31fsa:RetainedEarningsMember398779292021-12-31398779292020-12-31398779292021-01-01fsa:ContributedCapitalMember398779292021-01-01fsa:RetainedEarningsMember398779292021-01-01398779292021-12-31fsa:ContributedCapitalMember398779292021-12-31fsa:RetainedEarningsMember2022-06-152022-06-15true2020-01-012020-12-3133963556København S23006WeidekampsgadeDeloitte Statsautoriseret RevisionspartnerselskabCopenhagenCopenhagen1553 Regnskabsklasse BAndre erklæringer uden sikkerhed2021-12-312021-01-013. th<br /><br />38c/o TMF Denmark A/S, H.C. Andersens Boulevard ASP Danmark ApS39877929339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportThe Executive Board has today considered and approved the annual report of ASP Danmark ApS for the financial year 01.01.2021 - 31.12.2021. 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 Entity’s financial position at 31.12.2021 and of the results of its operations for the financial year 01.01.2021 - 31.12.2021.We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.We consider the preconditions for not auditing the financial statements for the financial year 01.01.2021 - 31.12.2021 as complied with.We recommend to the Annual General Meeting that the financial statements for the next financial year not be audited.We recommend the annual report for adoption at the Annual General Meeting.CopenhagenMichael Sten EwaldMads Ransby OlsenTo Management of ASP Danmark ApSWe have compiled the financial statements of ASP Danmark ApS for the financial year 01.01.2021 - 31.12.2021 based on the Entity’s bookkeeping records and other information Management has provided. ​ ​These financial statements comprise the income statement, balance sheet, statement of changes in equity, notes and a summary of significant accounting policies. ​ ​We performed this compilation engagement in accordance with ISRS 4410, Compilation Engagements. ​ ​We have applied our expertise in accounting and financial reporting to assist Management 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 Danish Public Accountants Act and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including principles of integrity, objectivity, professional competence and due care. These financial statements and the accuracy and completeness of the information used to compile the financial ​statements are Management’s responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy ​or completeness of the disclosures Management provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion about whether the financial statements ​have been prepared in accordance with the Danish Financial Statements Act. CopenhagenJan Larsenmne16541State Authorised Public AccountantPrimary activitiesThe Purpose of the company is the marketing, sales, distribution, services, and support of products/services to address quality compliance, and safety workfolows across a variety of industries. ASP supports healthcare facilities in the fight to protect patients against hospital-acquired infections, which are a leading cause of morbidity and mortality.Development in activities and financesThe result for the year was a profit of DKK 263K which can be seen as satisfactory for the second financial year.Events after the balance sheet dateNo material events have occurred after the balance sheet date which affect the annual report. 178382821801401161381125400740450966010921793826602413238213238285556133642312176737282435-633730-18071420600263149-654330263149-65433026314995976810921509597681092150959768109215012009215336220511403252061533623325341507460657740166082216175082752972500005000085779259464390779264464350000594643644643500008577924500020600450002060031714181424220865140899141213749731466471620877296647162087729161750827529721 Tax on profit/loss for the year2021 DKK2020 DKKChange in deferred tax(180,714)20,600(180,714)20,6002 Intangible assetsGoodwill DKKCost beginning of year1,323,818Cost end of year1,323,818Amortisation and impairment losses beginning of year(231,668)Amortisation for the year(132,382)Amortisation and impairment losses end of year(364,050)Carrying amount end of year959,768This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class B enterprises with addition of a few provisions for reporting class C.The accounting policies applied to these financial statements are consistent with those applied last year.falseRecognition 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.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.Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for ordinary inventory writedowns.Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for premises, stationery and office supplies, marketing costs, etc. This item also includes writedowns of receivables recognised in current assets.Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses relating to intangible assets comprise depreciation, amortisation and impairment losses for the financial year, and gains and losses from the sale of intangible assets.Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group enterprises, payables and transactions in foreign currencies, amortisation of financial liabilities, and tax surcharge under the Danish Tax Prepayment Scheme etc.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.GoodwillGoodwill is the positive difference between cost and fair value of assets and liabilities arising from acquisitions. Goodwill is amortised straight-line over its estimated useful life, which is fixed based on the experience gained by Management. It has not been possible to estimate useful life reliably, for which reason such useful life has been set at 10 years. Goodwill is written down to the lower of recoverable amount and carrying amount.ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts.Joint taxation contributions receivable or payableCurrent joint taxation contributions payable or joint taxation contributions receivable are recognised in the balance sheet, calculated as tax computed on the taxable income for the year, which has been 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.CashCash comprises cash in hand and bank deposits.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. However, no deferred tax is recognised for amortisation of goodwill disallowed for tax purposes and temporary differences arising at the date of acquisition that do not result from a business combination and that do not have any effect on profit or loss or on taxable income. 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. Deferred tax relating to retaxation of previously deducted losses in foreign subsidiaries is recognised on the basis of an actual assessment of the purpose of each subsidiary.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.2022-06-15Mads Ransby Olsen