42759783 2025-01-01 2025-12-31 42759783 2025-01-01 2025-12-31 1 42759783 2025-01-01 2025-12-31 2 42759783 2024-01-01 2024-12-31 42759783 2025-12-31 42759783 2024-12-31 42759783 2025-01-01 d:ContributedCapitalMember 42759783 2025-01-01 d:RetainedEarningsMember 42759783 2025-01-01 2025-12-31 d:RetainedEarningsMember 42759783 2025-12-31 d:ContributedCapitalMember 42759783 2025-12-31 d:RetainedEarningsMember iso4217:DKK xbrli:pure 2026-06-08 Jacqueline Egerod 2024-01-01 21625744 2024-12-31 Intertrust (Denmark) A/S c/o Harbour House, Sundkrogsgade 21 DK-2100 København 2025-01-01 2025-12-31 Regnskabsklasse B true false Ingen bistand CaseWare-FSR Annual report The executive board has today discussed and approved the annual report of FTSI Denmark GP ApS for the financial year 1 January - 31 December 2025. 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 company's financial position at 31 December 2025 and of the results of the company's operations for the financial year 1 January - 31 December 2025. In our opinion, management's review includes a fair review of the matters dealt with in the management's review. Management recommends to the company in general meeting that the financial statements for 2026 are not to be audited. Management considers the criteria for not auditing the financial statements to be met. The financial statements have not been audited. Management considers the criteria for not auditing the financial statements to be met. Management recommends that the annual report should be approved by the company in general meeting. Raymond Jean Hubert Jacobs Peter Drachmann FTSI Denmark GP ApS Sundkrogsgade  21 DK-2100  Copenhagen 42759783 Copenhagen Business reviewThe purpose of the company is to be a partner in other companies. Financial review The company's income statement for the year ended 31 December 2025 shows a profit of TDKK 18, and the balance sheet at 31 December 2025 shows equity of TDKK 217. Significant events occurring after the end of the financial yearNo events have occurred after the balance sheet date which could significantly affect the company's financial position. 23000 27000 0 2000 0 5000 23000 24000 5000 5000 18000 19000 18000 19000 245000 82000 170000 163000 415000 245000 54000 106000 469000 351000 469000 351000 40000 40000 177000 159000 217000 199000 237000 0 0 147000 15000 5000 252000 152000 252000 152000 469000 351000 40000 159000 18000 40000 177000 0 0 5000 5000 The company act as General Partner in FTSI FV HoldCo K/S and FTSI FV PropCo K/S, which has a total assets of TDKK 65.999 / TDKK 171.521 and liabilities of TDKK 1.134 / TDKK 106.644 as of 31 December 2025.The company is jointly taxed with other Danish group entities, and is jointly and several liable with other jointly taxed entities for payment of income taxes as well as for payment of withholding taxes on dividends, interest and royalties. The annual report of FTSI Denmark GP ApS for 2025 has been prepared in accordance with the provisions of the Danish Financial Statements Act ap­plying to en­ter­pri­ses of re­por­ting class B, as well as provisions applying to reporting class C entities.The accounting policies applied are consistent with those of last year.The annual report for 2025 is pre­sen­ted in TDKK. Income is recognised in the income statement as earned, including value adjustments of financial assets and liabilities. All expenses, including amortisation, depreciation and impairment losses, 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 the asset 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 the liability can be measured reliably.On initial recognition, assets and liabilities are measured at cost. On subsequent recognition, assets and liabilities are measured as described below for each individual accounting item.Certain financial assets and liabilities are measured at amortised cost using the effective interest method. Amortised cost is calculated as the historic cost less any installments and plus/less the accumulated amortisation of the difference between the cost and the nominal amount.On recognition and measurement, allowance is made for predictable losses and risks which occur before the annual report is presented and which confirm or invalidate matters existing at the balance sheet date. In pursuance of section 32 of the Danish Financial Statements Act, the company does not disclose its revenue. Gross profit reflects an aggregation of revenue and other external expenses. Income comprises of management fee. Revenue is measured at the fair value of the agreed consideration, excluding VAT and other indirect taxes. Revenue is net of all types of discounts granted.Revenue is measured at fair value of the agreed consideration excluding VAT and taxes charged on behalf of third parties. Revenue is net of all types of discounts granted. Other external expenses include expenses related to administation, premises etc. Financial income and expenses are recognised in the income statement at the amounts that relate to the financial year. Net financials include interest income and expenses, financial expenses relating to finance leases, realised and unrealised capital/exchange gains and losses on securities, liabilities and foreign currency transactions, amortisation of financial assets and liabilities and surcharges and allowances under the Danish Tax Prepayment Scheme, etc. Tax for the year, which comprises the current tax charge for the year and changes in the deferred tax charge, is recognised in the income statement as regards the portion that relates to the profit/loss for the year and directly in equity as regards the portion that relates to entries directly in equity. Receivables are measured at amortised cost. Prepayments recognised under 'Current assets' comprises expenses incurred concerning subsequent financial years. Cash and cash equivalents comprise cash and deposits at banks. Current tax liabilities and current tax receivables are recognised in the balance sheet as the estimated tax on the taxable income for the year, adjusted for tax on the taxable income for previous years and tax paid on account.Deferred tax is measured according to the liability method in respect of temporary differences between the carrying amount of assets and liabilities and their tax base, calculated on the basis of the planned use of the asset and settlement of the liability, respectively. Deferred tax is measured at net realisable value. Liabilities, which include trade payables, payables to group entities and other payables, are measured at amortised cost, which is usually equivalent to nominal value. On initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Foreign exchange differences arising between the exchange rates at the transaction date and at the date of payment are recognised in the income statement as financial income or financial expenses. If foreign currency instruments are considered cash flow hedges, any unrealised value adjustments are taken directly to a fair value reserve under ‘Equity’.