43080032 2022-12-31 43080032 2021-12-31 43080032 2022-01-01 fsa:ContributedCapitalMember 43080032 2022-01-01 fsa:SharePremiumMember 43080032 2022-01-01 fsa:RetainedEarningsMember 43080032 2022-12-31 fsa:ContributedCapitalMember 43080032 2022-12-31 fsa:SharePremiumMember 43080032 2022-12-31 fsa:RetainedEarningsMember 43080032 2022-01-01 fsa:LandAndBuildingsMember 43080032 2022-01-01 fsa:PropertyPlantAndEquipmentInProgressMember 43080032 2022-12-31 fsa:LandAndBuildingsMember 43080032 2022-12-31 fsa:PropertyPlantAndEquipmentInProgressMember 43080032 2022-12-31 fsa:LongtermMortgageLoansMember 43080032 2021-12-31 fsa:LongtermMortgageLoansMember 43080032 2022-12-31 fsa:DepositsLongtermLiabilitiesOtherThanProvisionsMember 43080032 2021-12-31 fsa:DepositsLongtermLiabilitiesOtherThanProvisionsMember 43080032 2022-01-01 2022-12-31 43080032 2022-01-01 2022-12-31 1 43080032 2022-01-01 2022-12-31 memberOfBoardIdentifier_executive_board_1 43080032 2022-01-01 2022-12-31 memberOfBoardIdentifier_board_of_director_1 43080032 2022-01-01 2022-12-31 memberOfBoardIdentifier_board_of_director_2 43080032 2022-01-01 2022-12-31 memberOfBoardIdentifier_board_of_director_3 43080032 2022-01-01 2022-12-31 memberOfBoardIdentifier_board_of_director_4 43080032 2022-01-01 2022-12-31 memberOfBoardIdentifier_board_of_director_5 43080032 2021-01-01 2021-12-31 43080032 2022-01-01 2022-12-31 fsa:RetainedEarningsMember 43080032 2021-01-01 2021-12-31 fsa:RetainedEarningsMember 43080032 2022-01-01 2022-12-31 fsa:ContributedCapitalMember 43080032 2022-01-01 2022-12-31 fsa:SharePremiumMember 43080032 2022-01-01 2022-12-31 fsa:RetainedEarningsMember 43080032 2022-01-01 2022-12-31 fsa:LandAndBuildingsMember 43080032 2022-01-01 2022-12-31 fsa:PropertyPlantAndEquipmentInProgressMember iso4217:DKK Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2022-01-01 2021-01-01 2022-12-31 2021-12-31 43080032 Multicheck Ejendomme ApS Egeskovvej 3 8700 Horsens 2022-02-14 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Herredsvej 32 7100 Vejle Denmark 79 21 27 00 Underskriv. revisors e-mail anvendes 2023-05-16 Theo August Düppre Regnskabsklasse B Erklæring om udvidet gennemgang The Executive Board and Board of Directors have today considered and adopted the Financial Statements of Multicheck Ejendomme ApS for the financial year 1 January - 31 December 2022. The Annual Report is prepared in accordance with the Danish Financial Statements Act. In our opinion the Financial Statements give a true and fair view of the financial position at 31 December 2022 of the Company and of the results of the Company operations for 2022. In our opinion, Management's Review includes a true and fair account of the matters addressed in the Review. We recommend that the Financial Statements be adopted at the Annual General Meeting. 2023-05-16 Horsens Lars Kramer Antitsch Manager Theo August Düppre Chairman Per Bødtkjer Lars Kramer Antitsch Dina Jensen Werner Schmitz To the shareholders of Multicheck Ejendomme ApS Opinion We have performed an extended review of the Financial Statements of Multicheck Ejendomme ApS for the financial year 1 January - 31 December 2022, which comprise 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 the work performed, in our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2022 and of the results of the Company´s operations for the financial year 1 January - 31 December 2022 in accordance with the Danish Financial Statements Act. Basis for Opinion 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 ”Practitioner´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 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 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. Our responsibility is to express a conclusion on the Financial Statements. This requires that we plan and perform procedures to obtain limited assurance in respect of our conclusion on the Financial Statements and, moreover, that we perform supplementary procedures specifically required to obtain additional assurance in respect of our conclusion. An extended review consists of making inquiries, primarily of Management and others within the enterprise, as appropriate, and applying analytical procedures and the supplementary procedures specifically required as well as assessing the evidence obtained. An extended review is less in scope than an audit and, consequently, we do not express an audit opinion on the Financial Statements. Trekantområdet 2023-05-16 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Jan Bunk Harbo Larsen State Authorised Public Accountant mne30224 Key activities The principal activity of the company comprises the rental of commercial property and related business. Development in the year The income statement of the Company for 2022 shows a profit of DKK 90,759, and at 31 December 2022 the balance sheet of the Company shows positive equity of DKK 8,027,564. Subsequent events No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. 721899 955934 382456 383918 339443 572016 0 2899 223112 14910 116331 560005 25572 123200 90759 436805 90759 436805 10133626 10516082 5535279 0 15668905 10516082 52327 0 100855 0 1105387 531914 16774292 11047996 15668905 10516082 0 531914 9895 0 163077 531914 942310 0 100000 100000 0 7400000 675239 692149 675239 692149 5944464 2098873 180000 0 6124464 2098873 285641 178449 1601402 0 42482 126720 100000 100000 7927564 436805 8027564 7936805 17500 15000 1947025 320169 8071489 2419042 16774292 11047996 100000 7400000 436805 0 0 90759 0 -7400000 7400000 100000 0 7927564 0 2899 15658 0 207454 14910 223112 14910 42482 126720 -16910 -3520 25572 123200 10900000 0 0 5535279 10900000 5535279 383918 0 382456 0 766374 0 10133626 5535279 4757540 0 1186924 2098873 285641 178449 6230105 2277322 0 0 180000 0 0 0 180000 0 Payments due within 1 year are recognised in short-term debt. Other debt is recognised in long-term debt. The debt falls due for payment as specified below: Charges and security The following assets have been placed as security with mortgage credit institutes: Land and buildings with a carrying amount of 10,133,626 10,516,082 Other contingent liabilities The group companies are jointly and severally liable for tax on the jointly taxed incomes etc of the Group. The total amount of corporation tax payable is disclosed in the Annual Report of Macchiato ApS, which is the management company of the joint taxation purposes. Moreover, the group companies are jointly and severally liable for Danish withholding taxes by way of dividend tax, tax on royalty payments and tax on unearned income. Any subsequent adjustments of corporation taxes and withholding taxes may increase the Company's liability. The Annual Report of Multicheck Ejendomme ApS for 2022 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B as well as selected rules applying to reporting class C. The accounting policies applied remain unchanged from last year. The Financial Statements for 2022 are presented in DKK. 1 Revenues are recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow to the Company, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow out of the Company, and the value of the liability can be measured reliably. Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Income from the rental is recognised as revenue as the services are rendered. Accordingly, revenue corresponds to the market value of the services rendered during the year (percentage-of-completion method). Revenue is measured at the fair value of the agreed consideration excluding VAT and taxes charged on of third parties. All discounts and rebates granted are recognised in revenue. Other external expenses comprise expenses for premises, sales as well as office expenses, etc. With reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a summary of rental income and other external expenses. Amortisation, depreciation and impairment losses comprise depreciation and impairment of property, plant and equipment. Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. Tax for the year consists of current tax for the year and deferred tax for the year. The tax attributable to the profit for year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity. Any changes in deferred tax due to changes to tax rates are recognised in the income statement. The Company is jointly taxed with other group entities. The tax effect of the joint taxation with the subsidiaries is allocated to Danish enterprises showing profits or losses in proportion to their taxable incomes (full allocation with credit for tax losses). Property, plant and equipment are measured at cost less accumulated depreciation and less any accumulated impairment losses. Cost comprises the cost of acquisition and expenses directly related to the acquisition up until the time when the asset is ready for use. In the case of assets of own construction, cost comprises direct and indirect expenses for labour, materials, components and sub-suppliers. Depreciation based on cost reduced by any residual value is calculated on a straight-line basis over the expected useful lives of the assets, which are: Buildings 28.5 year Depreciation period and residual value are reassessed annually. The carrying amounts of property, plant and equipment and investments are reviewed on an annual basis to determine whether there is any indication of impairment other than that expressed by depreciation. If so, the asset is written down to its lower recoverable amount. Receivables are measured in the balance sheet at the lower of amortised cost and net realisable value, which corresponds to nominal value less provisions for bad debts. Prepayments comprise prepaid expenses concerning rent, insurance premiums, subscriptions and interest. Deferred income tax is measured using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes on the basis of the intended use of the asset and settlement of the liability, respectively. Deferred tax assets are measured at the value at which the asset is expected to be realised, either by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation at the balance sheet date when the deferred tax is expected to crystallise as current tax. Any changes in deferred tax due to changes to tax rates are recognised in the income statement or in equity if the deferred tax relates to items recognised in equity. Current tax liabilities and receivables are recognised in the balance sheet as the expected taxable income for the year adjusted for tax on taxable incomes for prior years and tax paid on account. Extra payments and repayment under the on-account taxation scheme are recognised in the income statement in financial income and expenses. Loans, such as mortgage loans, are recognised initially at the proceeds received net of transaction expenses incurred. Subsequently, the loans are measured at amortised cost; the difference between the proceeds and the nominal value is recognised as an interest expense in the income statement over the loan period. Mortgage loans are measured at amortised cost, which for cash loans corresponds to the remaining loan. Amortised cost of debenture loans corresponds to the remaining loan calculated as the underlying cash value of the loan at the date of raising the loan adjusted for depreciation of the price adjustment of the loan made over the term of the loan at the date of raising the loan. Other debts are measured at amortised cost, substantially corresponding to nominal value.