31177383 2019-01-01 2019-12-31 31177383 2018-01-01 2018-12-31 31177383 2019-01-01 2019-12-31 fsa:RetainedEarningsMember 31177383 2018-01-01 2018-12-31 fsa:RetainedEarningsMember 31177383 2019-01-01 2019-12-31 fsa:ProposedDividendRecognisedInEquityMember 31177383 2018-01-01 2018-12-31 fsa:ProposedDividendRecognisedInEquityMember 31177383 2019-12-31 31177383 2018-12-31 31177383 2019-01-01 2019-12-31 0 iso4217:DKK 2019-01-01 2019-12-31 <p xmlns="http://www.w3.org/1999/xhtml">Selskabsnavn</p><p xmlns="http://www.w3.org/1999/xhtml">Genia ApS</p> 31177383 Kristian Hansen 2020-01-31 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Managements review</td></tr><tr><td colspan="1">Today, the Board of Executives has discussed and approved the annual report of Genia ApS for the financial year 1. januar - 31. december 2019.</td></tr><tr><td colspan="1">The annual report is prepared in accordance with the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In my opinion, the financial statements give a true and fair view of the financial position of the Company and of the results of the Company´s operations for the financial year.</td></tr><tr><td colspan="1">Further, in my opinion, the Managements review gives a fair review of the matters discussed in the Managements review.</td></tr><tr><td colspan="1">I recommend the annual report to be approved at the annual general meeting.</td></tr><tr><td colspan="1">Solrød, the 31 January 2020</td></tr><tr><td colspan="1">Board of Executives</td></tr><tr><td colspan="1">Kristian Hansen</td></tr></table> 11322476 5547900 1272374 4502202 0 96044 12869 4585377 1133088 3452289 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Opinion</td></tr><tr><td colspan="1">We have audited the financial statements of SolidQ Denmark ApS for the financial year 1 January - 31 December 2019, which comprise income statement, balance sheet, statement of changes in equity and notes, including accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2019 and of the results of the Company's operations for the financial year 1 January 31 December 2019 in accordance with the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis for opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements 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 believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. We are independent of the Company in accordance with the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements.</td></tr><tr><td colspan="1">Management's responsibilities for the financial statements</td></tr><tr><td colspan="1">Auditor's responsibilities for the audit of the financial statements</td></tr><tr><td colspan="1">Our objectives are to obtain reasonable assurance as to 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, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.</td></tr><tr><td colspan="1">As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also</td></tr><tr><td colspan="1">• 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 obtain 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 resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control.</td></tr><tr><td colspan="1">• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control.</td></tr><tr><td colspan="1">• Evaluate the appropriateness of accounting policies used and the resonableness of accounting estimates and related dislosures made by Management.</td></tr><tr><td colspan="1">• Conclude on the appropriateness of Management's use of the going concern basis of accounting in preparing the financiael statements and, based on the audit evidence obtained, whether a material uncertainty exists related to the events or conditions that may cast significant doubt on the Companys ability ot continue as a going concern. if we conclude that a material uncertainty exists, we are required to draw attention in our auditor´s report to the related disclosures in the financiale 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 report. However, future events or conditions may cause the Company to cease to continue as a going concern.</td></tr><tr><td colspan="1">• Evaluate the overall presentation, structure and contents of the financial statements, including note disclosures, and whether the financial statements represent the underlying transactions and the events in a manner that gives a true and fair view.</td></tr><tr><td colspan="1">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 controlthat we identify during our audit.</td></tr><tr><td colspan="1">Statement on the Management´s review</td></tr><tr><td colspan="1">Management is responsible for the Management´s review</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover the Mangement´s reveiw, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the financial statements, our responsibility is to read the Management´s review and, in doing so, consider whether the management´s review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially missstated.</td></tr><tr><td colspan="1">Moreover, it is our repsonsibility to consider wither the Management´s review provides the information required under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Based on the work we have performed, we conclude that the Management´s review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statement Act. We did not identify any material misstatement of the Management´s review.</td></tr><tr><td colspan="1">Revisionsfirmaet Revinord</td></tr></table> Skodsborg 2020-01-31 Regnskabsklasse B <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Accounting Policies</td></tr><tr><td colspan="1">The annual report of SolidQ Denmark ApS has been prepared in accordance with the provisions in the Danish Financial Statements Act applying to reporting class B entities and elective choice of certain provisions applying to reporting class C entities.</td></tr><tr><td colspan="1">The financial statements are presented in Danish kroner (DKK).</td></tr><tr><td colspan="1">0</td></tr><tr><td colspan="1">On initial recognition, transactions denominated in foreign currencies are translated at the exchange rate at the transaction date. Foreign exchange differences arising between the exchange rates at the transaction date and the date of payment are recognised in the income statement as financial income or financial expenses.</td></tr><tr><td colspan="1">Receivables and payables and other monetary items denominated in foreign currencies are translated at the exchange rate at the balance sheet date. The difference between the exchange rates at the balance sheet date and the date at which the receivable or payable arose or was recognised in the most recent financial statements is recognised in the income statement as financial income or financial expenses.</td></tr><tr><td colspan="1">0</td></tr><tr><td colspan="1">Income from the rendering of services is recognised as revenue as the services are rendered. Accordingly, revenue corresponds to the market value of the services rendered during the year (percentage-of-completion method). Revenue is measured at the fair value of the agreed consideration excluding VAT and taxes charged on behalf of third parties. All discounts and rebates granted are recognised in revenue.</td></tr><tr><td colspan="1">0</td></tr><tr><td colspan="1">0</td></tr><tr><td colspan="1">0</td></tr><tr><td colspan="1">0</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" >Notes</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >1. Staff costs</td></tr><tr><td width="52%" colspan="1" align="left" valign="middle" >Wages and salaries</td><td width="23%" align="right" valign="middle" >4653008</td><td width="25%" align="right" valign="middle" >3866546</td></tr><tr><td width="52%" colspan="1" align="left" valign="middle" >Pensions</td><td width="23%" align="right" valign="middle" >349800</td><td width="25%" align="right" valign="middle" >214800</td></tr><tr><td width="52%" colspan="1" align="left" valign="middle" >Other staff expenses, social costs etc.</td><td width="23%" align="right" valign="middle" >545092</td><td width="25%" align="right" valign="middle" >458103</td></tr><tr><td width="52%" colspan="1" align="left" valign="middle" >Total</td><td width="23%" align="right" valign="middle" >5547900</td><td width="25%" align="right" valign="middle" >4539449</td></tr><tr><td width="75%" colspan="2" align="left" valign="middle" >Number of employees</td><td width="25%" align="right" valign="middle" >8</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >2. Contractual obligations and contingencies etc.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >The company is jointly taxed with other Danish group companies. As a group company, the company is held unlimited and jointly and severally with other group companies for the payment of Danish corporation taxes, withholding taxes on royalties and dividends within the co-taxation circle. The total known net liability of the jointly taxed undertakings in respect of TAX is evidenced by the respective co-taxed companies. Any subsequent corrections could result in the company's liability constituting a higher amount than what is shown in this annual report.</td></tr><tr><td width="52%" align="right" valign="middle" >0</td><td width="23%" ></td><td width="25%" ></td></tr></table> Årsrapport 16347299 ReviNord Kettebakken 11 2942 Skodsborg 2018-01-01 2018-12-31 Revisionspåtegning 10129416 4539449 1624774 3965193 0 0 79030 3886163 995853 2890310 3452289 -109690 0 3000000 735339 2378494 1073156 2634250 1616482 8437721 125000 5413597 5538597 460940 340411 2097773 8437721 1491704 977111 3333155 2649883 8451853 125000 1961308 3000000 5086308 440725 854731 673151 1396938 8451853 Revinord 16347299 René Georg Sørensen mne17730