45109232 2024-09-19 2025-12-31 45109232 2024-09-19 2025-12-31 1 45109232 2024-09-19 2025-12-31 1 45109232 2024-09-19 2025-12-31 2 45109232 2024-09-19 2025-12-31 3 45109232 2024-09-19 2025-12-31 1 45109232 2025-12-31 45109232 2024-09-19 2025-12-31 fsa:ContributedCapitalMember 45109232 2024-09-19 2025-12-31 fsa:SharePremiumMember 45109232 2024-09-19 2025-12-31 fsa:RetainedEarningsMember 45109232 2025-12-31 fsa:ContributedCapitalMember 45109232 2025-12-31 fsa:SharePremiumMember 45109232 2025-12-31 fsa:RetainedEarningsMember iso4217:DKK xbrli:pure Annual report 2026-05-01 Johannus Gunnar Egholm Hansen The Board of Directors and the Executive Board have today considered and approved the annual report of Gl. Vraa Vind ApS for the financial year 19.09.2024 - 31.12.2025. 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 31.12.2025and of the results of its operations for the financial year 19.09.2024 - 31.12.2025. We believe that the management commentary contains a fair review of the affairs and conditions referred to therein. We recommend to the Annual General Meeting that the financial statements for the next financial year not be audited. We recommend to the Annual General Meeting that the financial statements for the next year not to be audited. København Michael Krebs Lind Thomas Lund Johannus Gunnar Egholm Hansen Michael Krebs Lind To the shareholders of Gl. Vraa Vind ApS We have performed an extended review of the financial statements of Gl. Vraa Vind ApS for the ​financial year 19.09.2024 - 31.12.2025, which comprise the income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. ​​​Based on our extended review, in our opinion, the financial statements give a true and fair view of the Entity’s ​​financial position at 31.12.2025 and of the results of its operations for the financial year 19.09.2024 - 31.12.2025in accordance with the Danish Financial Statements Act. We conducted our extended review in accordance with the assurance engagement standard for small enterprises ​as issued by the Danish Business Authority and the standard on extended review of financial statements ​prepared in accordance with the Danish Financial Statements Act as issued by FSR - Danish Auditors. Our responsibilities under those standards and requirements are further described in the ”Auditor’s responsibilities for the extended review of the financial statements” section. We are independent of the Entity 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 evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion. Management is responsible for the preparation of 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 financial statements that are free from material misstatement, ​whether due to fraud or error.​​In preparing the financial statements, Management is responsible for assessing the Entity’s ability to continue ​as a going concern, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting unless Management either intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so. Our responsibility is to express a conclusion on the financial statements. This requires that we plan and ​perform procedures to obtain limited assurance about our conclusion on the financial statements and that ​we also perform specifically required supplementary procedures for the purpose of obtaining additional assurance about our conclusion.​​An extended review consists of making inquiries, primarily of Management and, if appropriate, of other entity ​personnel, performing analytical and the specifically required supplementary procedures as well as evaluating ​the evidence obtained.​​The procedures performed in an extended review are less in scope than in an audit, and accordingly we do ​not express an audit opinion on the financial statements. Management is responsible for the management commentary. ​​Our conclusion on the financial statements does not cover the management commentary, and we do not express ​any form of assurance conclusion thereon. ​​In connection with our extended review of the financial statements our responsibility is to read the management ​commentary and, in doing so, consider whether the management commentary is materially inconsistent ​with the financial statements or our knowledge obtained in the extended review 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 ​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. København Deloitte Statsautoriseret Revisionspartnerselskab 33963556 Bjørn Winkler Jakobsen State Authorised Public Accountant mne32127 Primary activitiesThe primary purpose of the company is to develop, construct and operate renewable energy plants and other related activities. Development in activities and financesThe company's income statement shows a loss of 127 t.dkk, which is on a par with expectations. ​ ​The management is aware that there has been a loss of capital in the company, and that the management is responsible for ensuring that the capital resources of the company are adequate at all times, including that there is sufficient liquidity to meet the company's current and future obligations as they fall due. ​ ​The management expects that the equity will be re-established in the upcoming financial years through group contributions or sale of projects.​ ​The Company has received a letter of support from St. Jørgen Holding A/S. On this basis Mangement considers that it is appropriate to prepare the financial statements on a going concern basis. -58236 944 68016 2500 -127808 -127808 -127808 583876 583876 583876 4500 4500 248860 253360 837236 40000 -67808 -27808 41300 823744 865044 865044 837236 40000 60000 0 100000 -60000 60000 0 -127808 -127808 40000 0 -67808 -27808 1 Other financial income ​2024/25​DKKOther interest income944944 2 Other financial expenses2024/25​DKKOther financial expenses2,5002,500 3 Property, plant and equipmentProperty, plant and equipment in progress​DKKAdditions583,876Cost end of year583,876Carrying amount end of year583,876 4 EmployeesThe Entity has no employees other than the Executive Board. The Executive Officer has not received any ​​​remuneration.2024/25Average number of full-time employees0 0 5 Contingent liabilitiesThe Entity participates in a Danish joint taxation arrangement where serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc. for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements. This 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. Non-comparabilityThe company's first financial year covers the period from 19 September 2024 to 31 December 2025. Consequently, no comparative figures have been provided. 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. Gross profit or lossGross profit or loss comprises revenue, changes in inventories of finished goods and work in progress, own ​work capitalised, other operating income, cost of raw materials and consumables and external expenses. 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. This item also includes writedowns of ​receivables recognised in current assets. Other financial incomeOther financial income comprises dividends etc. received on other investments, interest income, including ​interest income on receivables from group enterprises, net capital or exchange gains on securities, payables ​and transactions in foreign currencies, amortisation of financial assets, and tax relief under the Danish ​Tax Prepayment Scheme etc. Financial expenses from group enterprisesFinancial expenses from group enterprises comprise interest expenses etc. from payables to group enterprises.Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group ​enterprises, net capital or exchange losses on securities, payables and transactions in foreign currencies, ​amortisation of financial liabilities, and tax surcharge under the Danish Tax Prepayment Scheme etc. Property, plant and equipmentLand and buildings, plant and machinery, and other fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses. Land is 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. ​ ​Cost includes usual costs to develop solar projects, including cost to advisors and payment for land leases. ​​The basis of depreciation is cost less estimated residual value after the end of useful life. Assets under construction are not depreciated.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. ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and ​doubtful debts. CashCash comprises cash in hand and bank deposits. Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value. Grundlag for konklusion Konklusion 2026-04-09 2026-04-09 true København S 2300 6 Weidekampsgade København København K 1361 Regnskabsklasse B Erklæring om udvidet gennemgang 2025-12-31 2024-09-19 425 Linnésgade Gl. Vraa Vind ApS 45109232 33963556 2300 København S Weidekampsgade 6 Deloitte Statsautoriseret Revisionspartnerselskab