7The executive board has today discussed and approved the annual report of CARP Holding ApS for the financial year 1 January - 31 December 2023.The annual report is prepared in accordance with the Danish Financial Statements Act.In my opinion, the financial statements give a true and fair view of the company's financial position at 31 December 2023 and of the results of the company's operations for the financial year 1 January - 31 December 2023.In my opinion, management's review includes a fair review of the matters dealt with in the management's review.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.Tomas DevulisTo the shareholder of CARP Holding ApSWe have compiled the financial statements of CARP Holding ApS for the financial year 1 January - 31 December 2023 based on the company's bookkeeping records and other information made available by enterprise. The financial statements comprises a statement by management, managements review, a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes. We performed the engagement in accordance with ISRS 4410, Compilation Engagements. We have applied our professional expertise to assist the enterprise in the preparation and presentation of the financial statements in accordance with the Danish Financial Statements Act. We complied with the relevant provisions of the Danish Act on Approved Auditors and with the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants (IESBA Code), including principles relating to integrity, objectivity, professional competence and due care. The financial statements and the accuracy and completeness of the information used to compile the financial statements are the enterprise´s responsibility. As a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information provided by enterprise for our compilation of the financial statements. Accordingly, we do not express an audit or a review conclusion on whether the financial statements have been prepared in accordance with the Danish Financial Statements Act.Taastrup2024-04-05RSM DanmarkMartin Santino Lo Turcostatsautoriseret revisormne35467Business review The company's principal activities is ownership of investment in subsidiaries.Financial review The company's income statement for the year ended 31 December 2023 shows a loss of DKK 1.605, and the balance sheet at 31 December 2023 shows equity of DKK 251.445.The annual report of CARP Holding ApS for 2023 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. The accounting policies applied are consistent with those of last year.Pursuant to sections §110 subsection 1, of the Danish Financial Statements Act, the company has not prepared consolidated financial statements.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.Other external expenses include cost of administration 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.Dividend from investments is recognised in the reporting year in which the dividend is declared.The company acts as management company for all jointly taxed entities and, in its capacity as such, pays all income taxes to the Danish tax authorities. 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.Investment in subsidiaries, associates and participating interests are measured at cost. If cost exceeds the recoverable amount, a write-down is made to this lower value.Receivables are measured at amortised cost.Cash and cash equivalents comprise cash and deposits at banks.As management company, CARP Holding ApS is liable for payment of the subsidiaries' corporate income taxes to the tax authorities. 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. Joint taxation contributions payable and receivable are recognised in the balance sheet as 'Joint taxation contributions receivable' or 'Joint taxation contributions payable'. 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. Deferred tax is measured according to the tax rules and at the tax rates applicable in the respective countries at the balance sheet date when the deferred tax is expected to crystallise as current tax. Deferred tax adjustments resulting from changes in tax rates are recognised in the income statement, with the exception of items taken directly to equity.Liabilities, which include trade payables, payables to group entities and other payables, are measured at amortised cost, which is usually equivalent to nominal value.0062496255-6249-625525121564-6225-6807-4620-2552-1605-4255-1605-4255772937729316000160009329393293932939329311305211675019712400002552132764123302467304271517949416601727278725931050000500002014452030502514452530501509206250626021342626021342626027278725931050000203050-160550000201445-4620-2552772937729377293772937729377293Name Registered office Share capital Ownership interest TD Byggeservice ApS Fredensborg 100TD Byggeservice ApSFredensborg10016000001600016000160001600016000Scandinavian Distribution Agency ApSKøbenhavn40The Danish companies of the group is jointly and severally liable for tax on the group’s jointly taxed income and forcertain possible withholding taxes such as dividend tax and royalty tax, and for the joint registration of VAT.Årsrapport25492145RSM Danmark Statsautoriseret RevisionspartnerselskabKingosvej 32630 Taastrup2023-01-012023-12-312022-01-012022-12-3138761358CARP Holding ApSHumlebækvej603480FredensborgDKDanmark2017-06-20FredensborgRSM Danmark25492145Martin Santino Lo Turcostatsautoriseret revisorKingosvej32630TaastrupDK43999292taastrup@rsm.dk2024-04-05Tomas DevulisRegnskabsklasse BAndre erklæringer uden sikkerhedCaseWare-FSR387613582023-01-012023-12-31387613582023-01-012023-12-311387613582022-01-012022-12-31387613582022-12-31387613582023-12-31387613582023-01-01h:InvestmentsInGroupEnterprisesMember387613582022-01-01h:InvestmentsInGroupEnterprisesMember387613582023-12-31h:InvestmentsInGroupEnterprisesMember387613582022-12-31h:InvestmentsInGroupEnterprisesMember387613582023-01-01h:InvestmentsInAssociatesMember387613582023-01-012023-12-31h:InvestmentsInAssociatesMember387613582023-12-31h:InvestmentsInAssociatesMember387613582022-01-01h:InvestmentsInAssociatesMember387613582022-01-012022-12-31h:InvestmentsInAssociatesMember387613582022-12-31h:InvestmentsInAssociatesMember387613582023-01-012023-12-311387613582023-01-01h:ContributedCapitalMember387613582023-12-31h:ContributedCapitalMember387613582023-01-01h:RetainedEarningsMember387613582023-01-012023-12-31h:RetainedEarningsMember387613582023-12-31h:RetainedEarningsMember387613582023-01-012023-12-31h:SubsidiaryMember1387613582023-12-31h:SubsidiaryMember1387613582023-01-012023-12-31h:AssociateMember1387613582023-12-31h:AssociateMember1iso4217:DKKxbrli:pure