xbrli:pureiso4217:DKK395042862021-01-012021-12-31395042862021-01-012021-12-311395042862021-01-012021-12-311395042862021-01-012021-12-312395042862020-01-012020-12-31395042862021-01-012021-12-31fsa:RetainedEarningsMember395042862020-01-012020-12-31fsa:RetainedEarningsMember395042862021-01-012021-12-31fsa:ContributedCapitalMember395042862021-01-012021-12-31fsa:RetainedEarningsMember395042862021-12-31395042862020-12-31395042862021-01-01fsa:ContributedCapitalMember395042862021-12-31fsa:ContributedCapitalMember395042862021-01-01fsa:RetainedEarningsMember395042862021-12-31fsa:RetainedEarningsMember395042862021-01-01Annual reportAuditor's report on audited financial statementsfalseReporting class BtruefalsefalseAIP KOMPLEMENTAR APSRosenborggade 1 B1130CopenhagenDenmarkDK395042862018-04-18Copenhagen2021-01-012021-12-312020-01-012020-12-312022-06-28Klaus RisagerKasper HansenPricewaterhouseCoopers Statsautoriseret RevisionspartnerselskabPricewaterhouseCoopers Statsautoriseret RevisionspartnerselskabStrandvejen Strandvejen 444429002900HellerupHellerup3377123133771231AIP KOMPLEMENTAR APSRosenborggade 1 B1130 Copenhagen39504286The Executive Board has today considered and approved the Annual Report of AIP Komplementar ApS for the financial year 1 January 2021 – 31 December 2021.<br/>The Annual report is prepared in accordance with the Danish Financial Statements Act.<br/>In my opinion, the Financial Statements give a true and fair view of the financial position at 31 December 2021 of the Company and of the results of the Company operations for the financial year 1 January – 31 December 2021.<br/>In my opinion, the Management review includes a true and fair account of the matter addressed in the review.<br/>I recommend the annual report for adoption at the Annual General Meeting.Copenhagen2022-06-23To the Shareholders of AIP Komplementar ApSOpinionIn our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2021, and of the results of the Company’s operations for the financial year 1 January - 31 December 2021 in accordance with the Danish Financial Statements Act.<br/>We have audited the Financial Statements of AIP Komplementar ApS for the financial year 1 Janu-ary - 31 December 2021, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies (“financial state-ments”).Basis for OpinionWe conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and re-quirements are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the In-ternational 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 audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.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.<br/>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 Man-agement either intends to liquidate the Company or to cease operations, or has no realistic alter-native but to do so.Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an audi-tor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.<br/>As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:<br/>• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and ob-tain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one re-sulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresen-tations, or the override of internal control.<br/>• Obtain an understanding of internal control relevant to the audit in order to design audit pro-cedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.<br/>• Evaluate the appropriateness of accounting policies used and the reasonableness of account-ing estimates and related disclosures made by Management.<br/>• Conclude on the appropriateness of Management’s use of the going concern basis of account-ing in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncer-tainty exists, we are required to draw attention in our auditor’s report to the related disclo-sures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s re-port. However, future events or conditions may cause the Company to cease to continue as a going concern.<br/>• Evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.<br/>We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant defi-ciencies in internal control that we identify during our audit.Management is responsible for Management’s Review.<br/>Our opinion on the financial statements does not cover Management’s Review, and we do not ex-press any form of assurance conclusion thereon.<br/>In connection with our audit of the financial statements, our responsibility is to read Manage-ment’s Review and, in doing so, consider whether Management’s Review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.<br/>Moreover, it is our responsibility to consider whether Management’s Review provides the infor-mation required under the Danish Financial Statements Act.<br/>Based on the work we have performed, in our view, Management’s Review is in accordance with the Financial Statements and has been prepared in accordance with the requirements of the Dan-ish Financial Statements Act. We did not identify any material misstatement in Management’s Re-view.Hellerup2022-06-23Per Rolf LarssenCasper LarsenState Authorised Public AccountantState Authorised Public Accountantmne24822mne45855Primary activities<br/>The Company’s main activity is to act as general partner for AIP Management P/S.<br/>Development in activities and finances<br/>The income statement of the Company for 2021 shows a loss of DKK 17,009, and at 31 December 2021 the balance sheet of the Company shows equity of DKK 23,271. The development in the fi-nancial year’s activities is as expected.<br/>Capital resources<br/>The Company have lost more than half of the capital. See note 2.The Annual Report of AIP Komplementar ApS for 2021 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B with addition of a few elements from reporting class C enterprises.<br/>The Financial Statements for 2021 are presented in DKK.<br/>The accounting policies applied remain unchanged from last year.<br/>Recognition and measurement<br/>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.<br/>Assets are recognised in the balance sheet when it is probable that future economic benefits at-tributable to the asset will flow to the Company, and the value of the asset can be measured reli-ably.<br/>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.<br/>Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are meas-ured as described for each item below.<br/>Translation policies<br/>Transactions in foreign currencies are translated at the exchange rates at the dates of transaction.<br/>Exchange differences arising due to differences between the transaction date rates and the rates at the dates of payment are recognised in financial income and expenses in the income state-ment.<br/>Receivables, payables and other monetary items in foreign currencies that have not been settled at the balance sheet date are translated at the exchange rates at the balance sheet date. Any dif-ferences between the exchange rates at the balance sheet date and the rates at the time when the receivable or the debt arose are recognised in financial income and expenses in the income statement.<br/>Fixed assets acquired in foreign currencies are measured at the transaction date rates.Revenue<br/>Revenue from the management fee is recognised in the income statement in according with the management agreement.<br/>Other external expenses<br/>Other external expenses comprise expenses for administration expenses, etc.<br/>Gross profit/loss<br/>With reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a summary of revenue and other external expenses.<br/>Other financial expenses<br/>Financial expenses are recognised in the income statement at the amounts relating to the finan-cial year and in addition to interest.<br/>Tax on profit/loss for the year<br/>Tax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity.Other investment<br/>Other investments are recognized and measured at cost. If there is an indication of a need for im-pairment, an impairment test is performed. Where the carrying amount exceeds the recoverable amount it is written down to this lower value.<br/>Cash<br/>Cash comprises cash in bank deposits.<br/>Deferred tax assets and liabilities<br/>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.<br/>Deferred tax assets are measured at the value at which the asset is expected to be realised, ei-ther by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity.<br/>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 cur-rent 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.<br/>Financial debts<br/>Debts are measured at amortised cost, substantially corresponding to nominal value.5212-2256127211803940-343620949-756-17009-2680-17009-26800-170091017601017601017609713319713315053955005506365633660812563365000050000-26729-972023271402805000050000-9720-2672940280178261605619715037541160563754116056608125633600Current tax for the year<br/>19,714<br/>756<br/>Deferred tax for the year<br/>1,234<br/>0<br/>Total Tax on profit/loss for the year<br/>20,948<br/>756Other investments:<br/>Cost primo<br/>0<br/>0<br/>Additions for the year<br/>10,176<br/>0<br/>Disposals for the year<br/>0<br/>0<br/>Cost ultimo<br/>10,176<br/>0<br/>Financial assets<br/>10,176<br/>0Capital resources<br/>The Company have lost more than half of the capital. The issue will be handled on the coming An-nual General meeting according to section 119 of the Companies Act. The company's equity is ex-pected to be restored by positive income in 2022.The company has no mortgages, surety guarantees or similar obligations other than what is shown in the financial statements.