39504286 2024-01-01 2024-12-31 39504286 2024-01-01 2024-12-31 1 39504286 2024-01-01 2024-12-31 1 39504286 2024-01-01 2024-12-31 2 39504286 2023-01-01 2023-12-31 39504286 2024-12-31 39504286 2023-12-31 39504286 2023-12-31 fsa:ContributedCapitalMember 39504286 2023-12-31 fsa:RetainedEarningsMember 39504286 2024-01-01 2024-12-31 fsa:ContributedCapitalMember 39504286 2024-01-01 2024-12-31 fsa:RetainedEarningsMember 39504286 2024-12-31 fsa:ContributedCapitalMember 39504286 2024-12-31 fsa:RetainedEarningsMember iso4217:DKK xbrli:pure Morten Olsen AIP Komplementar ApS Klareboderne 1 1115 København K 39504286 Copenhagen Strandvejen 44 2900 Hellerup Primary activities The Company’s main activity is to act as general partner for AIP Management P/S. MANAGEMENT’S STATEMENT The Executive Board has today considered and approved the Annual Report of AIP Komplementar ApS for the financial year 1 January – 31 December 2024. 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 financial position at 31 December 2024 of the Company and of the results of the Company operations for the financial year 1 January – 31 De-cember 2024. In my opinion, the Management review includes a true and fair account of the matter addressed in the re-view. I recommend the annual report for adoption at the Annual General Meeting. Copenhagen, Kasper Hansen To the Shareholders of AIP Komplementar ApS Opinion In our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2024, and of the results of the Company’s operations for the financial year 1 January - 31 De-cember 2024 in accordance with the Danish Financial Statements Act. We have audited the Financial Statements of AIP Komplementar ApS for the financial year 1 January - 31 De-cember 2024, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of accounting policies (“financial statements”). Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional re-quirements applicable in Denmark. Our responsibilities under those standards and requirements 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 International Ethics Standards Board for Account-ants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical re-quirements 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. Statement on Management’s Review Management is responsible for Management’s Review. Our opinion on the financial statements does not cover Management’s Review, and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read Management’s Review and, in doing so, consider whether Management’s Review is materially inconsistent with the financial state-ments or our knowledge obtained during the audit, or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether Management’s Review provides the information re-quired under the Danish Financial Statements Act. 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 Danish Financial Statements Act. We did not identify any material misstatement in Management’s Review. Management’s Responsibilities for the Financial Statements Management is responsible for the preparation of Financial Statements that give a true and fair view in ac-cordance 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 con-tinue 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 liqui-date the Company or to cease operations, or has no realistic alternative but to do so. Auditor’s Responsibilities for the Audit of the Financial Statements 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 auditor’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, indi-vidually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Den-mark, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:  Identify and assess the risks of material misstatement of the financial statements, whether due to fraud orerror, design and perform audit procedures responsive to those risks, and obtain audit evidence that issufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material mis-statement resulting from fraud is higher than for one resulting from error as fraud may involve collusion,forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures thatare appropriate in the circumstances, but not for the purpose of expressing an opinion on the effective-ness of the Company’s internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting esti-mates and related disclosures made by Management. Conclude on the appropriateness of Management’s use of the going concern basis of accounting in pre-paring the financial statements and, based on the audit evidence obtained, whether a material uncer-tainty exists related to events or conditions that may cast significant doubt on the Company’s ability tocontinue as a going concern. If we conclude that a material uncertainty exists, we are required to drawattention in our auditor’s report to the related disclosures in the financial statements or, if such disclo-sures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtainedup to the date of our auditor’s report. However, future events or conditions may cause the Company tocease to continue as a going concern. Evaluate the overall presentation, structure and contents of the financial statements, including the disclo-sures, and whether the financial statements represent the underlying transactions and events in a mannerthat gives a true and fair view.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 deficiencies in internal control that we identify during our audit. Hellerup, PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Per Rolf Larssen State Authorised Public Accountant mne24822 Casper Larsen State Authorised Public Accountant mne45855 -8920 4113 3000 3000 1449 828 1051 1204 -5522 6737 1119 3824 1119 3824 -6641 2913 10176 10176 10176 10176 10176 10176 15000 0 1000 0 6472 0 22472 0 33904 57109 56376 57109 66552 67285 50000 50000 251 -868 50251 49132 0 152 0 152 16301 15926 0 2075 16301 18001 66552 67285 50000 -868 49132 0 1119 1119 50000 251 50251 true The Financial Statements for 2024 are presented in DKK. Recognition and measurement Revenues are recognised in the income statement as earned. Furthermore, value adjustments of financial as-sets 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, amortisa-tion, 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 de-scribed for each item below. Translation policies Transactions in foreign currencies are translated at the exchange rates at the dates of transaction. 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 statement. Receivables, payables and other monetary items in foreign currencies that have not been settled at the bal-ance sheet date are translated at the exchange rates at the balance sheet date. Any differences 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. Fixed assets acquired in foreign currencies are measured at the transaction date rates. Income statement Gross profit/loss With reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a sum-mary of revenue and other external expenses. Income from other investments Dividend income from other investments is presented in the Income statement in the year of which it was de-clared. Financial items Financial income and expenses are recognised in the income statement at the amounts relating to the finan-cial year and in addition to interest. Tax on profit for the year Tax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributa-ble to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity. Balance sheet Other investment Other investments are recognized and measured at cost. If there is an indication of a need for impairment, an impairment test is performed. Where the carrying amount exceeds the recoverable amount it is written down to this lower value. Receivables Receivables are measured at amortized cost, which usually corresponds to nominal value, less write-down for expected losses and including accrued interests. Cash Cash comprises cash in bank deposits. Deferred tax assets and liabilities 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 pur-poses 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 elimina-tion 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 de-ferred 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. Other liabilities Other liabilities are measured at amortised cost, substantially corresponding to nominal value. Equity Dividend distributions proposed by the management for the financial year are shown as a separate item un-der equity. true 0 0 Note 3: Tax on profit/loss for the year (DKK) Current tax for the year 0 3,075 Adjustment tax prior year -17 277 Deferred tax for the year -6,624 -439 Total Tax on profit/loss for the year -6,6412,913 Note 4: Financial assets (DKK) Other investments: Cost primo 10,176 10,176 Additions for the year 0 0 Disposals for the year 0 0 Cost ultimo10,176 10,176 Total financial assets 10,17610,176 Note 5: Contingent assets, liabilities, and other financial obligations As general partner of AIP Management P/S the company is liable for any claims against these limited partner-ships. From 15. November 2024 the company participates in a Danish joint taxation arrangement where Capital In-vestments A/S serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore liable for income taxes etc. for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements. The company has no other mortgages, surety guarantees or contingent liabilities. Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2024-01-01 2024-12-31 2023-01-01 2023-12-31 2025-05-14 Reporting class B 2018-04-18 2025-04-30 39504308 AIP Management P/S Klareboderne 1 1115 København K Opinion Basis for Opinion 2025-04-30 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup