36422068 2025-01-01 2025-12-31 36422068 2025-01-01 2025-12-31 1 36422068 2025-01-01 2025-12-31 1 36422068 2025-01-01 2025-12-31 1 36422068 2025-01-01 2025-12-31 2 36422068 2025-01-01 2025-12-31 3 36422068 2024-01-01 2024-12-31 36422068 2025-12-31 36422068 2024-12-31 36422068 2024-01-01 d:ContributedCapitalMember 36422068 2024-01-01 d:ReserveForNetRevaluationAccordingToEquityMethodMember 36422068 2024-01-01 d:RetainedEarningsMember 36422068 2024-01-01 2024-12-31 d:ReserveForNetRevaluationAccordingToEquityMethodMember 36422068 2024-01-01 2024-12-31 d:RetainedEarningsMember 36422068 2024-12-31 d:ContributedCapitalMember 36422068 2024-12-31 d:ReserveForNetRevaluationAccordingToEquityMethodMember 36422068 2024-12-31 d:RetainedEarningsMember 36422068 2025-01-01 2025-12-31 d:RetainedEarningsMember 36422068 2025-12-31 d:ContributedCapitalMember 36422068 2025-12-31 d:ReserveForNetRevaluationAccordingToEquityMethodMember 36422068 2025-12-31 d:RetainedEarningsMember iso4217:DKK xbrli:pure Dronninglund Regnskabsklasse B Erklæring om udvidet gennemgang Danmark Konklusion med forbehold Årsrapport Grundlag for konklusion med forbehold Langagervej 1 2025-12-31 Beierholm 2025-01-01 9220 Aalborg Ø 2026-04-16 2026-04-28 Ulrik Bjerre Rasmussen Qualified Opinion Basis for Qualified Opinion 2024-01-01 Aalborg Øst 2024-12-31 36422068 Danmarin A/S 9220 Nordre Ringgade 5 9330 Brønderslev Beierholm 32895468 Langagervej 1 true Vi har dags dato aflagt års­rap­por­ten for regn­skabs­året 01.01.25 - 31.12.25 for Danmarin A/S. We have on this day presented the annual report for the financial year 01.01.25 - 31.12.25 for Danmarin A/S. Årsrapporten aflægges i over­ens­stem­mel­se med års­regn­skabs­loven. The annual report is presented in accordance with the Danish Finan­cial Sta­te­ments Act. Det er vores opfattelse, at års­regn­ska­bet giver et ret­vi­sen­de bil­lede af selskabets ak­ti­ver, pas­si­ver og fi­nan­siel­le stil­ling pr. 31.12.25 og re­sul­ta­tet af selskabets ak­ti­vi­te­ter for regn­skabs­året 01.01.25 - 31.12.25. In our opinion, the financial statements give a true and fair view of the company's assets, liabilities and financial position as at 31.12.25 and of the results of the company's activities for the financial year 01.01.25 - 31.12.25. Årsrapporten indstilles til general­for­sam­lin­gens god­ken­delse. The annual report is submitted for adoption by the general meeting. Dronninglund 2026-04-16 Ulrik Bjerre Rasmussen Anne Vinther Morant Formand / Chairman Ulrik Bjerre Rasmussen Rasmus Grønborg Bak Til kapitalejerne i Danmarin A/S To the shareholders of Danmarin A/S Vi har udført udvidet gennemgang af års­regn­ska­bet for Danmarin A/S for regn­skabs­året 01.01.25 - 31.12.25, der omfatter re­sul­tat­op­gø­relse, ba­lance, egen­kapital­op­gø­relse og noter, her­under op­lys­ning om an­vendt regn­skabs­prak­sis. Års­regn­ska­bet udarbejdes efter års­regn­skabs­loven.Baseret på det udførte arbejde er det vores opfattelse, at års­regn­ska­bet, bort­set fra ind­virk­nin­gen af det for­hold, der er be­skre­vet i afsnittet "Grund­lag for kon­klu­sion med for­be­hold", giver et ret­vi­sende billede af selskabets aktiver, passiver og finansielle stilling pr. 31.12.25 samt af resultatet af selskabets aktiviteter for regn­skabs­året 01.01.25 - 31.12.25 i over­ens­stem­mel­se med års­regn­skabs­loven. We have conducted an extended review of the fi­nan­cial sta­te­ments of Danmarin A/S for the financial year 01.01.25 - 31.12.25, which comprise in­co­me sta­te­ment, ba­lan­ce sheet, statement of changes in equity and notes to the financial statements, including material accounting policy information. The fi­nan­cial sta­te­ments are prepared in accordance with the Danish Finan­cial Sta­te­ments Act.Based on the work performed, in our opinion, the fi­nan­cial sta­te­ments, except for the ef­fects of the mat­ter de­scri­bed in the Basis for qua­li­fied opi­nion pa­ra­graph, give a true and fair view of the company's financial position at 31.12.25 and of the results of the company's operations for the financial year 01.01.25 - 31.12.25 in accordance with the Danish Finan­cial Sta­te­ments Act. Andre tilgodehavender under finansielle aktiver er i balancen indregnet til DKK 5.183.803. Som følge af at debitor ikke har overholdt sin af­drags­for­pligtelse, er der væsentlig usikkerhed om de­bi­tor vil være i stand til at afvikle til­gode­ha­ven­det, hvorfor tilgodehavendet efter vores op­fat­tel­se, er optaget DKK 5.183.803 for højt. Årets re­sul­tat og egenkapital er således opgjort DKK 5.183.803 for højt.Der er henvises til omtale af støtteerklæring fra sel­skabets kapitalejer i note 1. På baggrund heraf vur­deres det ikke, at forholdet er væsentligt og gen­nemgribende for regnskabet. Vi har udført vores udvidede gennemgang i overensstemmelse med Erhvervsstyrelsens er­klæ­­rings­stan­dard for små virksomheder og FSR – danske revisorers standard om udvidet gen­nem­gang af årsregnskaber, der udarbej­des efter års­regn­skabs­loven. Vores ansvar ifølge disse standarder og krav er nær­mere beskrevet i afsnittet ”Revisors ansvar for den ud­vi­de­de gen­nem­gang af års­regn­ska­bet”. Vi er uafhængige af selskabet i overensstemmelse med International Ethics Standards Board for Accountants’ internationale retningslinjer for revisorers etiske adfærd (IESBA Code) og de yderligere etiske krav, der er gældende i Danmark, ligesom vi har opfyldt vores øvrige etiske forpligtelser i henhold til disse krav og IESBA Code. Det er vores opfattelse, at det opnåede bevis er til­stræk­ke­ligt og egnet som grund­lag for vores kon­klu­sion med for­be­hold. Other receivables under financial assets are recognized in the balance sheet at DKK 5,183,803. As a result of the debtor’s failure to comply with its repayment obligation, there is significant uncertainty as to whether the debtor will be able to settle the receivable. In our opinion, the receivable is therefore overstated by DKK 5,183,803. Consequently, the profit for the year and equity are overstated by DKK 5,183,803.Reference is made to the disclosure of a letter of support from the company’s shareholder in note 1. On this basis, it is assessed that the matter is not material and pervasive to the financial statements.We conducted our extended review in accordance with the Danish Business Authority’s Assurance Standard for Small Enterprises and FSR – Danish Auditors’ standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the ‘Auditor’s responsibilities for the extended review of the fi­nan­cial sta­te­ments’ section of our report. We are independent of the company 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 basis for Qualified conclusion. Ledelsen har ansvaret for udarbejdelsen af et års­regn­skab, der giver et ret­vi­sende bil­le­de i over­ens­stem­mel­se med års­regn­skabs­loven. Ledelsen har endvidere ansva­ret for den interne kontrol, som ledel­sen anser for nød­ven­dig for at udar­bejde et års­regn­skab uden væsent­lig fejl­infor­ma­tion, uanset om denne skyldes besvi­gel­ser eller fejl.Ved udarbejdelsen af års­regn­ska­bet er ledelsen ansvarlig for at vurdere selskabets evne til at fort­sætte drif­ten, at oplyse om forhold vedrørende fortsat drift, hvor dette er relevant, samt at udarbejde års­regn­ska­bet på grundlag af regn­skabs­prin­cip­pet om fortsat drift, med­min­dre ledelsen enten har til hen­sigt at lik­videre selskabet, ind­stil­le drif­ten eller ikke har andet rea­lis­tisk al­ter­nat­iv end at gøre dette. Management is responsible for the preparation of fi­nan­cial sta­te­ments that give a true and fair view in accordance with the 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 company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless management either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so. Vores ansvar er at udtrykke en konklusion om års­regn­ska­bet. Dette kræver, at vi plan­læg­ger og ud­fø­rer hand­linger med henblik på at opnå begrænset sikkerhed for vores kon­klu­sion om års­regn­ska­bet og derudover udfører specifikt krævede sup­ple­rende hand­linger med henblik på at opnå yder­ligere sikkerhed for vores konklusion.En udvidet gennemgang omfatter hand­lin­ger, der primært består af fore­spørgs­ler til ledelsen og, hvor det er hen­sigts­mæs­sigt, andre i selskabet, analytiske hand­linger og de specifikt krævede supplerende hand­lin­ger samt vur­de­ring af det opnåede bevis.Omfanget af handlinger, der udføres ved en udvidet gennemgang, er mindre end ved en re­vi­sion, og vi ud­tryk­ker derfor ingen re­vi­sions­kon­klu­sion om års­regn­ska­bet. Our responsibility is to express a conclusion on the fi­nan­cial sta­te­ments. This requires that we plan and perform procedures in order to obtain limited assurance for our conclusion on the fi­nan­cial sta­te­ments and in addition perform specifically required supplementary procedures to obtain further assurance for our conclusion.An extended review comprises procedures that primarily consist of inquiries to management and others within the company, as appropriate, analytical procedures, the specifically required supplementary procedures as well as evaluation of the evidence obtained.The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on the financial statements. Aalborg Per Lindholt Statsaut. revisor mne21381 -379158 -55732 0 371218 -379158 -426950 704903 127652 10876 1706 595727 635574 -259106 -933166 -213155 -233181 -45951 -699985 0 127652 -45951 -827637 0 2679776 5183803 0 5183803 2679776 5183803 2679776 15652 17599 0 2961482 0 109995 323150 233181 59805 69132 398607 3391389 221124 0 619731 3391389 5803534 6071165 2000000 2000000 -6605055 -6559104 -4605055 -4559104 523 9975168 110407 89959 10285159 560075 12500 5067 10408589 10630269 10408589 10630269 5803534 6071165 Beløb i DKKFigures in DKKSelskabs­kapitalShare capitalReserve for netto­op­skriv­ning efter indre vær­dis metodeReserve for net revaluation according to the equity methodOverført resultatRetained earningsEgenkapitalopgørelse for 01.01.24 - 31.12.24Statement of changes in equity for 01.01.24 - 31.12.24Saldo pr. 01.01.242.000.0000-5.564.673Balance as at 01.01.24Valutakursregulering af udenlandske virksomheder0-294.4460Foreign currency translation adjustment of foreign enterprisesOverførsler til/fra andre reserver0166.794-166.794Transfers to/from other reservesForslag til resultatdisponering0127.652-827.637Net profit/loss for the yearSaldo pr. 31.12.242.000.0000-6.559.104Balance as at 31.12.24Egenkapitalopgørelse for 01.01.25 - 31.12.25Statement of changes in equity for 01.01.25 - 31.12.25Saldo pr. 01.01.252.000.0000-6.559.104Balance as at 01.01.25Forslag til resultatdisponering00-45.951Net profit/loss for the yearSaldo pr. 31.12.252.000.0000-6.605.055Balance as at 31.12.25 2000000 0 -5564673 -294446 166794 -166794 127652 -827637 2000000 0 -6559104 -45951 2000000 0 -6605055 1.Oplysninger om fortsat driftInformation as regards going concernSelskabets egenkapital er tabt.Modervirksomheden Kangamiut Seafood A/S har afgivet støtteerklæring overfor selskabet med hen­sigt ikke at kræve dets tilgodehavende helt eller delvis afviklet frem til 31.12.26.På basis heraf er årsrapporten aflagt med ud­gangs­punkt i fortsat drift.The company has lost its equity. The parent company Kangamiut Seafood A/S has issued a letter of support to the company stating its intention not to demand full og partial repayment of its receivable until 31.12.26.On this basis, the annual report has been prepared on a going concern basis. 2.Væsentligste aktiviteterPrimary activitiesSelskabets aktiviteter bestod i engroshandel med fisk. Selskabet har udvidet formålet til ad­mi­ni­stra­tion af dat­tervirksomhed.The company's activities comprised of wholesale of fish. The company has expanded its purpose for the administration of subsidiary.Selskabet har frasolgt driftsaktiviteten pr. 01.01.25. Ak­ti­vi­te­ten be­står her­ef­ter i indtægter fra andre tilgodehavender.The company has divested the operating activity as of 01.01.25. The activity now consists of income from other receivables. 0 334000 0 26720 0 2616 0 7882 0 0 5.EventualforpligtelserContingent liabilitiesAndre eventualforpligtelserOther contingent liabilitiesSelskabet er sambeskattet med øv­rige dan­ske sel­ska­ber i kon­cer­nen og hæf­ter so­li­da­risk og ube­græn­set for sel­skabs­skat­ter og even­tu­el­le for­plig­tel­ser til at in­de­hol­de kil­de­skat på ren­ter, ro­yal­ties og ud­byt­ter for de sam­be­skat­te­de sel­ska­ber. Hæf­tel­sen om­fat­ter der­ud­over even­tu­el­le se­ne­re kor­rek­tio­ner til den op­gjor­te skat­te­for­plig­tel­se som kon­se­kvens af æn­drin­ger til sam­be­skat­nings­ind­kom­sten m.v. The company is taxed jointly with the other Danish companies in the group and has joint, several and unlimited liability for income taxes and any obligations to withhold tax at source on interest, royalties and dividends for the jointly taxed companies. The liability also includes any subsequent corrections to the calculated tax liability as a consequence of changes made to the jointly taxable income etc. 6.SikkerhedsstillelserCharges and securityTil sikkerhed for gæld til kreditinstitutter på DKK 523 er der givet virksomhedspant på t.DKK 33.000 omfattende immaterielle rettigheder, andre anlæg, driftsmateriel og inventar, vare­be­hold­ninger og tilgodehavender fra salg og tjenesteydelser. Den samlede regnskabsmæssige værdi af omfattede aktiver udgør t.DKK 16.As security for debt to credit institutions of DKK 523, a company charge on DKK 33,000k has been provided comprising intellectual property rights, other plant, fixtures and fittings, tools and equipment, inventories and trade receivables. The total carrying amount of the comprised assets is DKK 16k. 7.Nærtstående parterRelated partiesSelskabet indgår i koncern­regn­ska­bet for mo­der­virk­som­he­den Vintherbørn ApS, Brønderslev.The company is included in the consolidated finan­cial statements of the parent Vintherbørn ApS, Brønderslev. Årsrapporten er af­lagt i over­ens­stem­mel­se med års­regn­skabs­lo­ven for virk­som­he­der i regn­skabs­klas­se B med til­valg af be­stem­mel­ser fra en hø­je­re regn­skabs­klas­se. The annual report is presen­ted in ac­cord­ance with the provisions of the Danish Fi­nan­cial Statements Act (Årsregn­skabs­lov­en) for enterprises in re­port­ing class B with application of pro­vi­sions for a higher reporting class. Selskabet har i over­ens­stem­mel­se med års­regn­skabs­lo­vens § 110 und­ladt at ud­ar­bej­de kon­cern­regn­skab. In accordance with section 110 of the Danish Financial State­ments Act, the company has not prepared consolidated financial statements. Generelt om indregning og målingI resultatopgørelsen indregnes indtægter i takt med, at de indtjenes, herunder indreg­nes vær­di­regule­ringer af finansielle aktiver og forpligtelser. I resultatopgørelsen indreg­nes ligele­des alle om­kostninger, herunder afskrivninger og ned­skriv­ninger.I balancen indregnes aktiver, når det er sand­syn­ligt, at fremtidige økonomiske for­dele vil til­flyde selskabet, og aktivets værdi kan måles pålideligt. Forpligtelser indregnes i balancen, når det er sand­synligt, at frem­tidige økonomiske fordele vil fragå selskabet, og forpligtelsens værdi kan må­les pålide­ligt. Ved første indregning måles akti­ver og forpligtelser til kostpris. Efterfølgende må­les aktiver og forpligtelser som beskrevet neden­for for hver enkelt regn­skabspost.Ved indregning og måling tages hensyn til for­udsigelige tab og risici, der fremkommer inden års­rap­por­ten aflægges, og som be- eller afkræfter forhold, der eksiste­rede på balancedagen. Basis of recognition and measurementIncome is recognised in the income state­ment as earned, including value adjust­ments of fin­an­cial assets and liabilities. All ex­penses, including depreciation, amortisa­tion, impair­ment losses and write-downs, are also recognised in the in­come state­ment.Assets are recognised in the balance sheet when it is probable that future economic bene­fits will flow to the company, and the value of such assets can be measured reliably. Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow from the company, and the value of such liabilities can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below.On recognition and measurement, account is taken of foreseeable losses and risks arising before the date at which the annual report is presented and proving or disproving matters arising on or before the balance sheet date. VALUTAÅrsrapporten er aflagt i danske kroner.Transaktioner i fremmed valuta om­reg­nes ved før­ste ind­reg­ning til trans­ak­tions­da­gens kurs. Va­lu­ta­kurs­dif­fe­ren­cer, der op­står mel­lem trans­ak­tions­da­gens kurs og kur­sen på be­ta­lings­da­gen, ind­reg­nes i re­sul­tat­op­gø­rel­sen som en fi­nan­siel post. Til­go­de­ha­ven­der, gælds­for­plig­tel­ser og an­dre mo­ne­tæ­re pos­ter i frem­med va­lu­ta om­reg­nes til ba­lan­ce­da­gens va­lu­ta­kurs. For­skel­len mel­lem ba­lan­ce­da­gens kurs og kur­sen på tids­punk­tet for til­go­de­ha­ven­dets el­ler gælds­for­plig­tel­sens op­stå­en el­ler ind­reg­ning i se­ne­ste års­rap­port ind­reg­nes i re­sul­tat­op­gø­rel­sen un­der fi­nan­siel­le ind­tæg­ter og om­kost­nin­ger. An­lægs­ak­ti­ver og an­dre ik­ke mo­ne­tæ­re ak­ti­ver, der er er­hver­vet i frem­med va­lu­ta, om­reg­nes til hi­sto­ris­ke va­lu­ta­kur­ser.Ved indregning af selv­stæn­di­ge uden­land­ske en­he­der, om­reg­nes re­sul­tat­op­gø­rel­ser­ne til trans­ak­tions­da­gens kur­ser el­ler til­nær­me­de gen­nem­snit­li­ge va­lu­ta­kur­ser. Ba­lan­ce­pos­ter­ne om­reg­nes til ba­lan­ce­da­gens va­lu­ta­kur­ser. Va­lu­ta­kurs­re­gu­le­rin­ger, op­stået ved om­reg­ning af egen­ka­pi­ta­ler ved årets be­gyn­del­se til ba­lan­ce­da­gens va­lu­ta­kur­ser og ved om­reg­ning af re­sul­tat­op­gø­rel­ser fra gen­nem­snits­kur­ser til ba­lan­ce­da­gens va­lu­ta­kur­ser, ind­reg­nes di­rek­te i egen­ka­pi­ta­len un­der re­ser­ve for net­to­op­skriv­ning efter in­dre vær­dis me­to­de for så vidt an­går ka­pi­tal­an­de­le, der må­les efter in­dre vær­dis me­to­de, og el­lers un­der reserve for va­lu­ta­kurs­re­gu­le­rin­ger.Kursregulering af mellem­væ­ren­der med selv­stæn­di­ge uden­land­ske en­he­der, der må­les ef­ter in­dre vær­dis me­to­de og hvor mel­lem­væ­ren­det an­ses for en del af den sam­le­de in­ve­ste­ring, ind­reg­nes di­rek­te i egen­ka­pi­ta­len un­der re­ser­ve for va­lu­ta­kurs­re­gu­le­rin­ger. Ved af­hæn­del­se af de selv­stæn­di­ge uden­land­ske en­he­der ind­reg­nes de ak­ku­mu­le­re­de va­lu­ta­kurs­dif­fe­ren­cer i re­sul­tat­op­gø­rel­sen. CURRENCYThe annual report is presen­ted in Danish kroner (DKK).On initial recognition, transactions den­ominated in foreign currencies are trans­lated using the exchange rates applicable at the transaction date. Exchange rate differences between the exchange rate applicable at the transaction date and the exchange rate at the date of payment are recognised in the income statement as a financial item. Receivables, payables and other monetary items denominated in foreign currencies are translated using the exchange rates applicable at the balance sheet date. The difference between the ex­change rate applicable at the balance sheet date and at the date at which the receivable or payable arose or was recognised in the latest annual report is recognised under financial income or ex­penses in the income statement. Fixed assets and other non-monetary assets acquired in foreign currencies are translated using historical exchange rates.On recognition of independent foreign entities, the income statements are translated at the exchange rates applicable at the transaction date or approximate average exchange rates. The balance sheet items are translated using the exchange rates applicable at the balance sheet date. Foreign currency translation adjustments arising from the translation of equity at the beginning of the year using the exchange rates applicable at the balance sheet date and from the translation of income statements from average exchange rates to the exchange rates applicable at the balance sheet date are recognised directly in equity under the reserve for net revaluation according to the equity method in respect of investments measured ac­cord­ing to the equity method, and otherwise un­der the foreign currency translation reserve.Translation adjustments of intercompany balances with independent foreign entities, measured using the equity method and where the balance is considered to be part of the overall investment, are recognised directly in equity under the foreign currency translation reserve. On the divestment of foreign entities, accumulated exchange differences are recognised in the income statement. BruttotabBruttotab indeholder nettoomsæt­ning samt an­dre eks­ter­ne om­kost­nin­ger. Gross lossGross loss comprises rev­enue and other external ex­penses. NettoomsætningIndtægter fra salg af varer ind­reg­nes i re­sul­tat­op­gø­rel­sen, så­fremt le­ve­ring og ri­si­ko­over­gang til kø­ber har fun­det sted in­den ud­gan­gen af regn­skabs­året, og når salgs­be­lø­bet kan op­gø­res på­li­de­ligt og for­ven­tes ind­be­talt. Net­to­om­sæt­ning må­les til dags­vær­di og op­gø­res ekskl. moms og af­gif­ter op­kræ­vet på veg­ne af tred­je­mand samt med fra­drag af ra­bat­ter.Indtægter fra salg af tjeneste­ydel­ser ind­reg­nes i re­sul­tat­op­gø­rel­sen i takt med le­ve­ring af tje­ne­ste­ydel­ser­ne (le­ve­rings­me­to­den). Net­to­om­sæt­nin­gen må­les til salgs­vær­dien af det fast­sat­te ve­der­lag ekskl. moms og af­gif­ter op­kræ­vet på veg­ne af tred­je­mand samt med fra­drag af ra­bat­ter. RevenueIncome from the sale of goods is recognised in the income statement if delivery has taken place and the risk has passed to the buyer before the end of the financial year and where the selling price can be determined reliably and is expected to be paid. Revenue is measured at fair value and is determined exclusive of VAT and other taxes collected on behalf of third parties and less discounts.Income from the sale of services is recognised in the income statement as delivery takes place (delivery method). Revenue is measured at the selling value of the agreed consideration exclusive of VAT and other taxes collected on behalf of third parties and less discounts. Andre eksterne omkostningerAndre eksterne omkostninger omfatter salgs­om­kost­nin­ger, bilom­kost­ninger og admini­stra­tions­omkostnin­ger samt øvrige kapacitets­om­kost­nin­ger, herunder tab på debitorer i det omfang, de ikke overstiger normale nedskrivninger. Other external expensesOther external expenses comprise selling costs, vehicle expenses and administrative expenses as well as other capacity costs, including bad debts to the extent that these do not exceed normal write-downs. PersonaleomkostningerPersonaleomkostninger omfatter løn, ga­ger samt øv­ri­ge per­so­na­le­re­la­te­re­de om­kost­nin­ger. Staff costsStaff costs comprise wages and salaries as well as other staff-related costs. Indtægter af ka­pi­tal­an­de­le i til­knyt­te­de virk­som­he­derFor ka­pi­tal­an­de­le i dat­ter­virk­som­he­der, der må­les efter indre vær­dis me­to­de, ind­reg­nes an­de­len af virk­som­he­der­nes re­sul­­tat i re­sul­tat­op­gø­rel­sen efter eli­mi­ne­ring af urea­li­se­re­de in­ter­ne ge­vin­ster og tab og med fra­drag af even­tuel af- og ned­skriv­ning af good­will. Indtægter af ka­pi­tal­an­de­le i dat­ter­virk­som­he­der om­fat­ter ligeledes ge­vin­ster og tab ved salg af ka­pi­tal­an­de­le. Income from equity investments in group en­tre­prisesFor equity investments in equity invest­ments in sub­si­di­ar­ies, measured using the equity method, the share of the enterprises’ profit or loss is recognised in the income statement after elimination of unrealised intercompany profits and losses and less any goodwill amortisation and impairment losses. Income from equity investments in equity investments in sub­si­di­ar­ies also comprises gains and losses on the sale of equity investments. Andre finansielle posterUnder andre finansielle poster indregnes rente­indtægter og renteomkostninger, valu­takursgevinster og -tab ved transaktioner i fremmed valuta m.v. Other net financialsInterest income and interest expenses, for­eign exchange gains and losses on trans­ac­tions denominated in foreign currencies etc. are recognised in other net financials. Skat af årets resultatÅrets aktuelle og udskudte skatter indreg­nes i resultatopgørelsen som skat af årets resultat med den del, der kan henføres til årets resultat, og direkte i egen­ka­pi­ta­len med den del, der kan henføres til poster ind­regnet direkte i egen­ka­pi­ta­len.Selskabet er sambeskattet med danske kon­cern­forbundne virksomheder. Den aktuelle danske selskabsskat fordeles ved afregning af sambeskatningsbidrag mellem de sam­be­skattede virksomheder i forhold til disses skattepligtige indkomster. I tilknytning hertil mod­tager virk­somheder med skattemæssigt underskud sambeskat­ningsbidrag fra virk­som­he­der, der har kun­net an­vende dette underskud til nedsættel­se af eget skattemæssigt over­skud. Tax on profit/loss for the yearThe current and deferred tax for the year is recognised in the income statement as tax on the profit/loss for the year with the portion attributable to the profit/loss for the year, and directly in equity with the portion attributable to amounts recognised directly in equity.The company is jointly taxed with Danish consolidated enterprises. In connection with the settlement of joint taxation contributions, the current Danish income tax is allocated between the jointly taxed enterprises in proportion to their tax­able incomes. This means that enter­prises with a tax loss receive joint taxation contributions from enterprises which have been able to use this loss to reduce their own taxable profit. Ka­pi­tal­an­de­le i til­knyt­te­de virk­som­he­derKapitalandele i dattervirksomheder ind­reg­nes og må­les efter in­dre vær­dis me­to­de. På ka­pi­tal­an­de­le i dat­ter­virk­som­he­der be­trag­tes in­dre vær­dis me­to­de som en kon­so­li­de­rings­me­to­de.Kapitalandele, som måles efter indre vær­dis me­to­de, må­les ved før­ste ind­reg­ning til kost­pris. Trans­ak­tions­om­kost­nin­ger, der di­rek­te kan hen­fø­res til er­hver­vel­sen, ind­reg­nes i re­sul­tat­op­gø­rel­sen på af­hol­del­ses­tids­punk­tet. Efterfølgende indregning og måling af ka­pi­tal­an­de­le efter in­dre vær­dis me­to­de inde­bæ­rer, at ka­pi­tal­an­de­le­ne må­les til den for­holds­mæs­si­ge an­del af virk­som­he­der­nes regn­skabs­mæs­si­ge in­dre vær­di, op­gjort efter ejer­virk­som­he­dens regn­skabs­prak­sis, re­gu­le­ret for re­ste­ren­de vær­di af good­will samt ge­vin­ster og tab ved trans­ak­tio­ner med de på­gæl­den­de virk­som­he­der. Ka­pi­tal­an­de­le, hvor op­lys­nin­ger til brug for ind­reg­ning efter in­dre vær­dis me­to­de ikke er kend­te, må­les til kost­pris.Goodwill indregnet under ka­pi­tal­an­de­le af­skri­ves line­ært på grund­lag af en in­di­vi­duel vur­de­ring af ak­ti­vets brugs­tid. Brugs­ti­den for good­will er fast­sat til 7 år for ka­pi­tal­an­de­le i dat­ter­virk­som­he­der. Brugs­ti­den er fast­sat un­der hen­syn­ta­gen til de for­ven­te­de frem­ti­di­ge net­to­ind­tæg­ter fra den virk­som­hed, som good­will er knyt­tet til.Gevinster eller tab ved afhændelse af ka­pi­tal­an­de­le op­gø­res som for­skel­len mel­lem af­hæn­del­ses­sum­men og den regn­skabs­mæs­si­ge vær­di af net­to­ak­ti­ver på salgs­tids­punk­tet inkl. ikke af­skre­vet good­will samt for­ven­te­de om­kost­nin­ger til salg eller af­vik­ling. Ge­vin­ster og tab ind­reg­nes i re­sul­tat­op­gø­rel­sen un­der ind­tæg­ter af ka­pi­tal­an­de­le. Equity investments in group en­tre­prisesEquity investments in subsidiaries are recognised and measured according to the equity method. For equity investments in subsidiaries, the equity method is considered a consolidation method.On initial recognition, equity investments measured according to the equity method are measured at cost. Transaction costs directly attributable to the acquisition are recognised in the income statement at the date incurred. Under subsequent recognition and measure­ment of equity investments according to the equity method, equity investments are mea­su­red at the proportionate share of the enterprises' equity value, determined according to the accounting policies of the parent, adjusted for the remaining value of goodwill and gains and losses on transactions with the enterprises in question. Equity investments, where information for recognition according to the equity method is not known, are measured at cost.Goodwill recognised under equity invest­ments is amortised according to the straight-line method based on an individual assessment of the useful life of the asset. The useful life of goodwill has been de­ter­mined at 7 years for equity invest­ments in subsidiaries. The useful life has been determined in consideration of the expected future net earnings of the enterprise to which the goodwill relates.Gains or losses on disposal of equity investments are determined as the difference between the disposal consideration and the carrying amount of net assets at the time of sale, including non-amortised goodwill, as well as the expected costs of divestment or discontinuation. Gains and losses are recognised in the income statement under income from equity investments. Nedskrivning af anlægsaktiverDen regnskabsmæssige værdi af anlægsak­tiver, der ikke måles til dagsværdi, vurderes årligt for indikationer på værdiforringelse ud over det, som udtrykkes ved afskrivning.Hvis selskabets realiserede afkast af et aktiv eller en gruppe af aktiver er lavere end forven­tet, an­ses dette som en indikation på værdiforringelse.Foreligger der indikationer på værdiforring­else, foretages nedskrivningstest af hvert enkelt ak­tiv henholdsvis hver gruppe af aktiver.Der foretages nedskrivning til genindvin­dings­værdien, hvis denne er lavere end den regn­skabs­mæssige værdi.Som genindvindingsværdi anvendes den højeste værdi af nettosalgspris og kapital­værdi. Ka­pi­tal­værdien opgøres som nutids­værdien af de for­ventede nettopengestrøm­me fra an­ven­del­sen af aktivet eller aktivgruppen samt forventede net­topenge­strømme ved salg af aktivet el­ler aktiv­grup­pen efter endt brugstid.Nedskrivninger tilbageføres, når begrundelsen for nedskrivningen ikke længere består. Impairment losses on fixed assetsThe carrying amount of fixed assets which are not measured at fair value is assessed annually for indications of impairment over and above what is reflected in de­pre­ci­a­tion and amor­ti­sa­tion.If the company's realised return on an asset or a group of assets is lower than expected, this is considered an indication of impairment.If there are indications of impairment, an impairment test is conducted of individual assets or groups of assets.The assets or groups of assets are impaired to the lower of recoverable amount and carrying amount.The higher of net selling price and value in use is used as the recoverable amount. The value in use is determined as the present value of expected net cash flows from the use of the asset or group of assets as well as expected net cash flows from the sale of the asset or group of assets after the expiry of their useful lives.Impairment losses are reversed when the reasons for the impairment no longer exist. TilgodehavenderTilgodehavender måles til amortiseret kost­pris, hvilket sædvanligvis svarer til pålyden­de værdi med fradrag af nedskrivninger til imødegåelse af tab.Nedskrivninger til imødegåelse af tab opgøres på grundlag af en individuel vurdering af de enkelte tilgodehavender, når der på individuelt niveau foreligger en objektiv indikation på, at et til­go­de­havende er værdiforringet. ReceivablesReceivables are measured at amortised cost, which usually corresponds to the nom­inal value, less write-downs for bad debts.Write-downs for bad debts are determined based on an individual assessment of each receivable if there is no objective evidence of individual impairment of a receivable. Likvide beholdningerLikvide beholdninger omfatter indestående på bankkonti. CashCash includes deposits in bank account. EgenkapitalNettoopskrivning af kapitalandele, som må­les efter in­dre vær­dis me­to­de, ind­reg­nes un­der egen­ka­pi­ta­len i re­ser­ve for net­to­op­skriv­ning ef­ter in­dre vær­dis me­to­de i det om­fang, den regn­skabs­mæs­sige vær­di over­sti­ger kost­pri­sen. EquityThe net revaluation of equity investments measured according to the equity method is recognized in the net revaluation reserve in equity according to the equity method to the extent that the carrying amount exceeds the cost. Aktuelle og udskudte skatterSkyldig og tilgodehavende aktuel skat ind­regnes i balancen som beregnet skat af årets skat­te­plig­tige indkomst, reguleret for betalte aconto­skat­ter.Skyldige og tilgodehavende sambeskat­nings­bi­drag indregnes i balancen som sel­skabsskat un­der til­godehavender eller gældsforpligtelser.Udskudte skatteforpligtelser og udskudte skatte­aktiver beregnes af alle midlertidige forskelle mel­lem regnskabsmæssige og skat­temæssige værdier af aktiver og forpligtel­ser. Der indreg­nes dog ikke ud­skudt skat af midlertidige forskelle vedrørende skatte­mæssigt ikke afskriv­nings­be­rettiget good­will samt andre poster, hvor mid­ler­tidige forskelle, bortset fra virksom­heds­over­ta­gel­ser, er opstået på an­skaffelsestidspunktet uden at have effekt på resultat eller skat­te­pligtig ind­komst. I de tilfælde, hvor opgørel­se af skatte­vær­dien kan foretages efter for­skel­lige be­skat­ningsregler, måles udskudt skat på grundlag af den af ledelsen planlag­te an­vendelse af aktivet henholdsvis afvik­ling af forpligtelsen.Udskudte skatteaktiver indregnes med den vær­di, de efter vurdering forventes at kunne re­a­li­se­res til ved modregning i udskudte skatte­for­plig­tel­ser eller ved udligning i skat af frem­tidig ind­tjening.Udskudt skat måles på grundlag af de skat­te­reg­ler og skattesatser, der med balance­dagens lov­giv­ning vil være gældende, når den udskudte skat forventes udløst som aktuel skat. Current and deferred taxCurrent tax payable and receivable is recognised in the balance sheet as tax computed on the basis of the taxable income for the year, adjusted for tax paid on account.Joint taxation contributions payable and receivable are recognised as income tax under receivables or payables in the balance sheet.Deferred tax liabilities and tax assets are recognised on the basis of all temporary differences between the carrying amounts and tax bases of assets and liabilities. However, deferred tax is not recognised on temporary differences relating to goodwill which is non-amortisable for tax purposes and other items where temporary differ­ences, except for ac­qui­si­tions, have arisen at the date of acquisition with­out affecting the net profit or loss for the year or the tax­able income. In cases where the tax value can be determined according to dif­fe­rent taxation rules, deferred tax is measured on the basis of management’s intended use of the asset or settlement of the liability.Deferred tax assets are recognised, following an assessment, at the expected realisable value through offsetting against deferred tax liabilities or elimination in tax on future earnings.Deferred tax is measured on the basis of the tax rules and at the tax rates which, according to the legislation in force at the balance sheet date, will be applicable when the deferred tax is expected to crystallise as current tax. GældsforpligtelserKortfristede finansielle gældsforpligtelser måles til amor­ti­se­ret kost­pris, hvil­ket nor­malt sva­rer til gæl­dens på­ly­den­de vær­di. Øvrige kortfristede gældsforpligtelser måles til net­to­reali­sa­tions­vær­di. PayablesShort-term financial payables are measured at amortised cost, normally corresponding to the nominal value of such payables. Other short-term payables are measured at net realisable value.