40093435 2024-01-01 2024-12-31 40093435 2024-01-01 2024-12-31 auditor_1 40093435 2024-01-01 2024-12-31 memberOfBoardIdentifier_1 40093435 2024-01-01 2024-12-31 memberOfBoardIdentifier_2 40093435 2024-01-01 2024-12-31 memberOfBoardIdentifier_3 40093435 2023-01-01 2023-12-31 40093435 2024-12-31 40093435 2023-12-31 40093435 2023-12-31 fsa:ContributedCapitalMember 40093435 2024-01-01 2024-12-31 fsa:ContributedCapitalMember 40093435 2024-12-31 fsa:ContributedCapitalMember iso4217:DKK pure Årsrapport 2024-01-01 2023-01-01 2024-12-31 2023-12-31 2025-06-02 40093435 2025-06-02 2018-12-14 Reporting class B KPMG 2100 København Ø Dampfærgevej 28 25578198 Auditor's reports (Other non-assurance reports) Copenhagen 2025-06-02 KPMG 25578198 true Claus Asger Olsen The Executive Board has today discussed and approved the annual report for NCC PD Komplementar ApS for the financial year 1 January - 31 December 2024. The annual report, which has not been audited, is presented in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the Company's assets, liabilities and financial position at 31 December 2024 and of the results of the Company's operations for the financial year 1 January - 31 December 2024.Further, in our opinion, the Management's review gives a fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the annual general meeting. Management confirms that the Company fulfils the requirement to be exempt from audit. Kristian Victor Krogh Claus Asger Olsen Jesper Tougaard Michaelsen Auditor's report on compilation of financial statements To the Management of NCC PD Komplementar ApS We have compiled the financial statements of NCC PD Komplementar ApS for the financial year 1 January - 31 December 2024 based on the Company's bookkeeping records and other information provided by you.The financial statements comprise income statement, balance sheet, statement of changes in equity and notes, including accounting policies.We performed our work in accordance with ISRS 4410 Compilation Engagements.We have applied our professional expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Danish Auditor Act, including the requirements for independence, and International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), which is based on fundamental principles of integrity, objectivity, professional competence and due care.These financial statements and the accuracy and completeness of the information used to compile them are your responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion as to whether these financial statements are prepared in accordance with the Danish Financial Statements Act. Simon Vinberg Andersen mne35458 NCC PD Komplementar ApS Tobaksvejen 2A DK-2860 Søborg Gladsaxe Principal activities The purpose of the Company is to be General Partner as well as equivalent business at the management's discretion. Development in activities and financial position The Company's income statement for 2024 shows a loss of DKK 0 as against a loss of DKK 0 in 2023. Equity in the Company's balance sheet at 31 December 2024 stood at DKK 50,000 as against DKK 50,000 at 31 December 2023. Events after the balance sheet date No events have occurred after the balance sheet date of material importance to the annual report for 2024. 0 0 0 0 0 0 0 0 50000 0 50000 50000 50000 50000 0 0 50000 50000 0 0 50000 50000 50000 0 50000 The annual report of NCC PD Komplementar ApS for 2024 has been prepared in accordance with the provisions applying to reporting class B entities under the Danish Financial Statements Act with opt-in from higher reporting classes.The accounting policies used in the preparation of the financial statements are consistent with those of last year.The annual report is presented in DKK. Tax on profit for the year The Company is subject to the Danish rules on mandatory joint taxation of the NCC Group's Danish companies. NCC Danmark A/S is the administrative company for the joint taxation and, as a result, settles all corporate tax payments with the tax authorities. The current Danish corporate tax is allocated through the settlement of the joint taxation contribution among the jointly taxed companies based on their taxable incomes. In this context, companies with tax losses receive joint taxation contributions from companies that have been able to use these losses to reduce their own taxable income. The jointly taxed companies are part of the advance tax payment scheme. The tax for the year, which consists of the current year's tax, the joint taxation contribution for the year, and the movement in deferred tax, is recognized in the income statement for the portion attributable to the year's result, and directly in equity for the portion attributable to items directly in equity. Receivables 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. Write-down is made for bad debt losses where there is an objective indication that a receivable has been impaired. If there is an objective indication that an individual receivable has been impaired, write-down is made on an individual basis. Write-downs are calculated as the difference between the carrying amount of receivables and the present value of forecast cash flows, including the realisable value of any collateral received. The effective interest rate for the individual receivable or portfolio is used as discount rate. Corporation tax and deferred tax Current tax payable and receivable is recognised in the balance sheet as tax computed on the taxable income for the year, adjusted for tax on the taxable income of prior years and for tax paid on account. Amounts due as receivable group taxation contributions are recognized in the parent company's balance sheet under intercompany balances. Deferred tax is measured based on the tax rules and tax rates that, according to the legislation in effect on the balance sheet date, will apply when the deferred tax is expected to be realized as current tax. Deferred tax is measured using the balance sheet liability method for all temporary differences between the accounting and tax values of assets and liabilities. However, deferred tax is not recognized on temporary differences related to non-tax-deductible goodwill and other items where temporary differences arise at the acquisition date without affecting profit or taxable income. In cases where the tax value can be determined according to different tax rules, deferred tax is measured based on the planned use of the asset or thesettlement of the liability as determined by management. Deferred tax assets, including the tax value of carryforward tax losses, are recognized under other long-term assets at the value at which they are expected to be used, either by offsetting against future taxable income or by offsetting deferred tax liabilities within the same legal tax entity and jurisdiction. Adjustments to deferred tax are made regarding eliminations of unrealized intra-group profits and losses. Changes in deferred tax due to changes in tax rates are recognized in the income statement. 0 0 Contingent liabilitiesThe Company is subject to the Danish rules on mandatory joint taxation of the NCC Group's Danish companies, where NCC Danmark A/S is the administrative company. The Danish companies in the group are jointly liable for taxes on the income subject to Danish group taxation, etc. The Danish companies in the group are also jointly liable for Danish withholding taxes in the form of dividend tax, royalty tax, and interest tax. Any subsequent adjustments to corporate taxes and withholding taxes may result in the Company’s liability being a higher amount. Control NCC Property Development A/S, Tobaksvejen 2A, 2860 Søborg NCC Property Development A/S holds the majority of the contributed capital in the Company. NCC PD Komplementar ApS is part of the consolidated financial statements of NCC AB, Herrjärva Torg 4, 170 80 Solna, Sweden, which is the smallest group, in which the Company is included as a subsidiary. The consolidated financial statements of NCC AB can be obtained by contacting the Company at the above address or can be downloaded at https://www.ncc.com/investor-relations/