ÅrsrapportAlain Albert Van den Berghe2023-06-14RevisionspåtegningRegnskabsklasse C, stor virksomhedBeierholmVoergaardvej 29200 Aalborg SV2022-06-162022-12-3143339486Actief Holding Denmark ApSLautrupvang4A2750BallerupBallerupBeierholm32895468Knud Højgaards Vej92860SøborgDanmarktrueWe have on this day presented the annual report for the financial year 16.06.22 - 31.12.22 for Actief Holding Denmark ApS.The annual report is presented in accordance with the Danish Financial Statements Act (Årsregnskabsloven).In our opinion, the consolidated financial statements and financial statements give a true and fair view of the group's and the parent's assets, liabilities and financial position as at 31.12.22 and of the results of the group’s and parent’s activities and of the group's cash flows for the financial year 16.06.22 - 31.12.22.We believe that the management's review includes a fair review of the matters dealt with in the management's review.The annual report is submitted for adoption by the general meeting.Ballerup2023-05-31Mark Jozef M. MaesenCEOAnne-Mette Buxbom RavnTo the capital owner of Actief Holding Denmark ApS OpinionWe have audited the consolidated financial statements and parent company financial statements of Actief Holding Denmark ApS for the financial year 16.06.22 - 31.12.22, which comprise the income statement, balance sheet, statement of changes in equity and notes to the financial statements, including a summary of significant accounting policies for the group as well as for the parent company as well as the consolidated cash flow statement. The consolidated financial statements and parent company financial statements are prepared in accordance with the Danish Financial Statements Act (Årsregnskabsloven).In our opinion the consolidated financial statements and parent company financial statements give a true and fair view of the group's and the parent company's assets, liabilities and financial position at 31.12.22 and of the results of the group's and the parent company's operations and the consolidated cash flows for the financial year 16.06.22 - 31.12.22 in accordance with the the Danish Financial Statements Act (Årsregnskabsloven).Basis for OpinionWe conducted our audit in accordance with International Standards on Auditing 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 consolidated financial statements and parent company financial statements” section of our report. We are independent of the group and the company in accordance with the International 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.The Management is responsible for the preparation of consolidated financial statements and parent company financial statements that give a true and fair view in accordance with the Danish Financial Statements Act. Furthermore the Management is responsible for the internal control as the Management determines is necessary to enable the preparation of consolidated financial statements and parent company financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial statements and parent company financial statements, management is responsible for assessing the group's and the parent 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 consolidated financial statements and parent company financial statements unless management either intends to liquidate the group and the company or to cease operations, or has no realistic alternative but to do so. Our objectives are to obtain reasonable assurance about whether the consolidated financial statements and parent company 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 International Standards on Auditing 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 consolidated financial statements and parent company financial statements. As part of an audit conducted in accordance with International Standards on Auditing and the additional requirements applicable in Denmark, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the consolidated financial statements and parent company 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. 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 group's and the parent company's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. Conclude on the appropriateness of management’s use of the going concern basis of accounting in preparing the consolidated financial statements and parent company 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 group's and the parent company's ability to 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 consolidated financial statements and parent company 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 report. However, future events or conditions may cause the group and the company to cease to continue as a going concern. Evaluate the overall presentation, structure and contents of the consolidated financial statements and parent company financial statements, including the disclosures, and whether the consolidated financial statements and parent company financial statements represent the underlying transactions and events in a manner that gives a true and fair view. Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and per-formance of the group audit. We remain solely responsible for our audit opinion. 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. Management is responsible for management’s review. Our opinion on the consolidated financial statements and parent company 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 consolidated financial statements and parent company financial statements, our responsibility is to read management’s review and, in doing so, consider whether management’s review is materially inconsistent with the consolidated financial statements or parent company financial statements 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 required under the Danish Financial Statements Act. Based on the work we have performed, we conclude that management’s review is in accordance with the consolidated financial statements and parent company financial statements and has been prepared in accordance with the requirements of the Danish Financial Statements Acts. We did not identify any material misstatement of management’s review.Soeborg, Copenhagen2023-05-31Torben SkovState Authorized Public Accountantmne1968940500075.7Revenue per employee288EBITA-margin3.7Primary activities The primary activities of the Group is to provide and facilitate labour whether temporary or permanent for private and public sector organisations, Danish as well as international. In addition to this, the Group is a licensed adviser on working environment and offers newplacement services. Actief Hartmanns A/S is a leading staffing and consulting agency in Denmark, with a nationwide network of branches, including the subsidiary of Actief Teknik Bureauet ApS June 1st 2022 the Company including the subsidiary Actief Teknik Bureauet ApS was acquired by Actief Holding Denmark ApS, which is majority owned by Actief Interim NV. The acquisition has strengthened the strategy of expansion in Denmark. Development in activities and financial affairs The income statement for the period 16.06.22 - 31.12.22 shows a profit/loss of DKK 2,692k. The balance sheet shows equity of DKK 92,692k. The profit of the Group was accomplished partly via succeeding with the tight strategic focus on selected industries and segments, which was planned in the 2025 strategy developed during 2021 and 2022. The tight focus has contributed significantly to more efficient work processes and more efficient marketing and sales within the specific segments. Part of the result of the Group is realized via the revised strategic pricing strategy, which has been successfully implemented in 2022 going forward. Management considers the Groups financial performance in the year satisfactory.Outlook The Group expects a profit before tax at the same level as 2022 for the coming year. The net profit is expected in the region of 19-22 mio DKK Investments in the expansion of the nationwide network of branches are expected to impact the Revenue positively and the long term results positively, while impacting the short term results with extra costs. The opening af 6 more branches are planned in 2023. The market for Staffing is still impacted by the economic conditions of inflation, and therefore less positive than in the beginning of 2022. The 2023 business plan and budget have been reviewed and approved by the Board of Directors. The plan contains several key financial objectives and focus areas – of which be mentioned the following: Develop the strategy of being a local and nationwide player – with more branches Revenue growth Growth in the customer base Implementation of "Actief-aligned strategy 2025" Go through the changes and growth with high employee satisfaction and stable employee turnover In addition, Strategy-2025 is being implemented, including in particular the development of sales, marketing, customer and market cultivation. In this context, the market cultivation is undergoing significant development based on digitalised and automated procedures and market initiatives. The sales strategy has also been changed significantly with a strong segment focus as well as the “local-to-locals” approach via more local branches and the strategic price and value creation focus. Corporate social responsibility The corporate social responsibility (CSR) policy is incorporated in the Group's strategy and visions as well as in the daily guidelines and stance on the work with candidates and customers. Actief Hartmanns corporate social responsibility report 2022 under section 99 a of the Danish Financial Statements Act (Årsregnskabsloven) is available at the Company´s website: https://hartmanns.dk/sites/default/files/2023-05/CSR%202022_UK.pdf In 2022 the Group started investigating the possibility of working with EcoVadis, a provider of business sustainability ratings and best practices, in order to systematically measure and work on sustainability initiatives. And in 2023 Q1 the Group signed up with EcoVadis. The latest assessment of the Group Actief Hartmanns is from March 2023, and can be accessed at EcoVadis.com. The rating shows that the Group is above average on the overall score, including Environment, Labor and Human Rights, Ethics, and Sustainable Procurement The system is based on the methodology "plan-do-check-adjust". This means that we first uncover our current efforts. In this context, we take decisions in areas where policies do not yet exist. These are unfolded in the organization, after which we measure what and how much we actually do. Based on this, new plans and objectives are made for needed actions in order to adjust og optimize efforts to be as sustainable as possible. Through the use of the EcoVadis system, the Group is assessed and rated based on the sustainability work we do. This assessment is increasingly widespread and used by our customers when assessing us as a supplier in their value chain. Gender diversity Supreme management body Executiv Board comprises 1 woman (50%) and 1 man (50%), and the gender representation is thus regarded as balanced. The gender balance is expected to be maintained in future. Policy to increase the share of the underrepresented gender at other management levels It is the Groups's policy to reflect the labour market in which we operates. This means that the group works to ensure diversity at all levels, including an equal distribution of gender, ethnicity and age. It is a requirement in the group that both female and male candidates are considered when vacancies arise, just as non-biased recruiting training has been conducted internally. Flexibility in working hours and work place is implemented and contributing to ensuring equal possibilities of career enhancement for both genders. Work-teams and project groups are deliberately constituted by both genders and diversity in age, in order to obtain qualified decisions and efficiency from several perspectives. During 2022 employment of new colleagues was distributed evenly between genders, just as career promotions were done irrespectively of gender, and both genders were represented evenly in the promotions. It is the aim of the Group to continue the even balance of genders on all levels in 2023, both when recruiting and promoting. Data ethics The group has implemented comprehensive GDPR policies, processes, training and guidelines. Everything is described in internal documents and the DPO of the Company is on a regular basis during the year doing audits on all locations and teams making sure that everybody and all processes adhere to the legislation and policies. The company has not adopted a data ethics policy at this point in time. The company has initiated work to formalise a data ethics policy, and the current work involves identifying and formulating the data ethics principles relevant to the company's business activities. The company's data ethics policy is expected to be finalised in the coming financial year and will be implemented subsequently. 2000110000830400067000191707000-670001805780000377300007356000-67000026900002500074000471000069100002697000421800050002692000269200054422000054422000071900007190000085601000132400001324000856010005646500085601000145600004746700000477900011000002368000534000049468000714700016518000065986000714700012245100092748000900009000002690000926020008991200092692000926920009610000961000029450000294500005390000561500090007500001819000470002900001777600002585300056000287980005600012245100092748000400005000089910000-89910000899100002692000900000092602000400005000089910000-8991000089910000269000020009000002690000899120008333000-56700001179000-22357000-1582300023000-4040002373000-13831000-4050001000-67000-647970002000-6526600090000000561500095615000165180001651800016518000164136000010260000040200000216200006950357503460004500091000007400025000033000001410000026900002692000200054260001708900047969000542600065058000-5426000-7074000-3562000-5426000-106360000544220006000001827000405000-3000006000001932000-600000-1198000-315000300000-600000-1213000071900082911000829110005488000269000085601000Actief Hartmanns A/SBallerup100Actief Teknik Bureauet ApSBallerup100Hartmanns NorgeNorge10012990002500013240001324000-100000-53900034840003773000-250004710004218000-104000The annual report is presented in accordance with the provisions of the Danish Financial Statements Act for large groups and enterprises in reporting class C. No comparative figures have been provided as this is the parents’ and the group’s first financial year. Income is recognised in the income statement as earned, including value adjustments of financial assets and liabilities. All expenses, including depreciation, amortisation, impairment losses and write-downs, 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 such assets 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 such liabilities can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below. On recognition and measurement, account is taken of foreseeable losses and risks arising before the date at which the annual report is presented and proving or disproving matters arising on or before the balance sheet date. The consolidated financial statements comprise the parent and its subsidiaries in which the parent directly or indirectly holds more than 50% of the voting rights or by way of agreements exercises control. All financial statements used for consolidation are prepared in accordance with the accounting policies of the group. The consolidated financial statements consolidate the financial statements of the parent and its subsidiaries by adding together items of a uniform nature, eliminating intercompany income and expenditure, equity investments, intercompany balances and dividends as well as gains and losses resulting from transactions between the consolidated enterprises to the extent that the underlying assets and liabilities are not realised. Newly acquired or newly founded enterprises are recognised as from the date of acquisition and the date of foundation, respectively. The date of acquisition is the date at which control of the enterprise is obtained. Divested or discontinued enterprises are recognised until the date of divestment or discontinuation. The date of discontinuation is the date at which control of the enterprise passes to a third party. Acquired enterprises are recognised in accordance with the acquisition method, according to which the identifiable assets and liabilities of the newly acquired enterprises are measured at fair value at the date of acquisition. The cost of the equity investments in the acquired enterprises is offset against the proportionate share of the fair value of the enterprises' net assets at the acquisition date. On acquisition of subsidiaries, goodwill is recognised on a proportionate basis based on the actual ownership interest in the acquired equity investments. The goodwill (positive difference) determined at the date of acquisition is recognised under intangible assets in the consolidated financial statements and under equity investments in subsidiaries in the parent’s balance sheet. Goodwill from acquired enterprises is adjusted until 12 months after the acquisition date. The annual report is presented in Danish kroner (DKK). On initial recognition, transactions denominated in foreign currencies are translated using the exchange rates applicable at the transaction date. Exchange rate differences between the exchange rate applicable at the transaction date and the exchange rate at the date of payment are recognised in the income statement as a financial item. Receivables, payables and other monetary items denominated in foreign currencies are translated using the exchange rates applicable at the balance sheet date. The difference between the exchange rate applicable at the balance sheet date and at the date at which the receivable or payable arose or was recognised in the latest annual report is recognised under financial income or expenses in the income statement. Fixed assets and other non-monetary assets acquired in foreign currencies are translated using historical exchange rates. Lease payments relating to operating leases are recognised in the income statement on a straight-line basis over the lease term.Income from the sale of goods is recognised in the income statement if delivery has taken place and the risk has passed to the buyer before the end of the financial year and where the selling price can be determined reliably and is expected to be paid. Revenue is measured at fair value and is determined exclusive of VAT and other taxes collected on behalf of third parties and less discounts. Income from the sale of services is recognised in the income statement in line with completion of services, which means that revenue corresponds to the selling price of the work performed for the year stated on the basis of the stage of completion at the balance sheet date (percentage of completion method). Income from the rental of properties is recognised in the income statement for the relevant period. Revenue is measured at fair value and determined exclusive of VAT and discounts. Other external expenses comprise costs relating to distribution, sales and advertising and administration, premises and bad debts to the extent that these do not exceed normal write-downs. Staff costs comprise wages and salaries as well as other staff-related costs. The depreciation and amortisation of intangible assets and property, plant and equipment aim at systematic depreciation and amortisation over the expected useful lives of the assets. Assets are depreciated and amortised according to the straight-line method based on the following expected useful lives and residual values: Goodwill is amortised over 10 years. The useful life has been determined in consideration of the expected future net earnings of the enterprise or activity to which the goodwill relates. The basis of depreciation and amortisation is the cost of the asset less the expected residual value at the end of the useful life. Moreover, the basis of depreciation and amortisation is reduced by any impairment losses. The useful life and residual value are determined when the asset is ready for use and reassessed annually. Intangible assets and property, plant and equipment are impaired in accordance with the accounting policies referred to in the ‘Impairment losses on fixed assets’ section. For equity investments in subsidiaries that in the parent are measured using the equity method, the share of the enterprises’ profit or loss is recognised in the income statement after elimination of unrealised intercompany profits and losses and less any goodwill amortisation and impairment losses. Income from equity investments in equity investments in subsidiaries also comprises gains and losses on the sale of equity investments. Interest income and interest expenses, foreign exchange gains and losses on transactions denominated in foreign currencies etc. are recognised in other net financials. The current and deferred tax for the year is recognised in the income statement as tax on the profit/loss for the year with the portion attributable to the profit/loss for the year, and directly in equity with the portion attributable to amounts recognised directly in equity. The company is jointly taxed with Danish consolidated enterprises. The parent is the administration company for the joint taxation and thus settles all income tax payments with the tax authorities. In connection with the settlement of joint taxation contributions, the current Danish income tax is allocated between the jointly taxed enterprises in proportion to their taxable incomes. This means that enterprises with a tax loss receive joint taxation contributions from enterprises which have been able to use this loss to reduce their own taxable profit. Property, plant and equipment comprise leasehold improvements as well as other fixtures and fittings, tools and equipment. Property, plant and equipment are measured in the balance sheet at cost less accumulated depreciation and impairment losses. Cost comprises the purchase price and expenses resulting directly from the purchase until the asset is ready for use. Interest on loans arranged to finance production is not included in the cost. Property, plant and equipment are depreciated using the straight-line method based on useful lives and residual values, which are stated in the ‘Depreciation, amortisation and impairment losses' section. Gains and losses on the disposal of property, plant and equipment are determined as the difference between the selling price, if any, less selling costs and the carrying amount at the date of disposal less any costs of disposal. Equity investments in subsidiaries are recognised and measured according to the equity method in the balance sheet of the parent. For equity investments in subsidiaries, the equity method is considered a measurement method. Accounting policies for the acquisition of subsidiaries are stated in the 'Business combinations' section. On initial recognition, equity investments measured according to the equity method are measured at cost. Transaction costs directly attributable to the acquisition are recognised in the cost of equity investments. However, transaction costs on the acquisition of subsidiaries are recognised in the income statement in the consolidated financial statements at the date incurred. On subsequent recognition and measurement of equity investments according to the equity method, equity investments are measured at the proportionate share of the enterprises' equity value, determined according to the accounting policies of the parent, adjusted for the remaining value of goodwill and gains and losses on transactions with the enterprises in question. Equity investments, where information for recognition according to the equity method is not known, are measured at cost. Goodwill recognised under equity investments is amortised according to the straight-line method based on an individual assessment of the useful life of the asset. The useful life of goodwill has been determined at years for equity investments in subsidiaries. The useful life has been determined in consideration of the expected future net earnings of the enterprise to which the goodwill relates. Gains or losses on disposal of equity investments are determined as the difference between the disposal consideration and the carrying amount of net assets at the time of sale, including non-amortised goodwill, as well as the expected costs of divestment or discontinuation. Gains and losses are recognised in the income statement under income from equity investments. The carrying amount of fixed assets which are not measured at fair value is assessed annually for indications of impairment over and above what is reflected in depreciation and amortisation. If the company's realised return on an asset or a group of assets is lower than expected, this is considered an indication of impairment. If there are indications of impairment, an impairment test is conducted of individual assets or groups of assets. The assets or groups of assets are impaired to the lower of recoverable amount and carrying amount. The higher of net selling price and value in use is used as the recoverable amount. The value in use is determined as the present value of expected net cash flows from the use of the asset or group of assets as well as expected net cash flows from the sale of the asset or group of assets after the expiry of their useful lives. Impairment losses are reversed when the reasons for the impairment no longer exist. Impairment losses on goodwill are not reversed, unless goodwill is included in the carrying amount of equity investments. Receivables are measured at amortised cost, which usually corresponds to the nominal value, less write-downs for bad debts. Write-downs for bad debts are determined based on an individual assessment of each receivable if there is no objective evidence of individual impairment of a receivable. Deposits recognised under assets comprise deposits paid to the lessor under leases entered into by the company. Work in progress for third parties is measured at the selling price of the work performed less on-account invoicing made for each piece of work in progress. The selling price is measured according to the stage of completion at the balance sheet date and total expected income from each piece of work in progress. The degree of completion for each piece of work in progress is normally calculated as the ratio between the resources spent and the total budgeted resource consumption. For some work in progress where the resource consumption cannot be used as a basis, the ratio between completed subactivities and the combined subactivities for the individual piece of work in progress is used instead. When the selling price of a piece of work in progress cannot be determined reliably, the selling price is measured at the lower of costs incurred and net realisable value. The individual piece of work in progress is recognised under receivables or payables in the balance sheet depending on whether the net value of the selling price less prepayments received is positive or negative. When it is likely that the total costs of the individual piece of work in progress will exceed total sales income, the total expected loss is recognised as a provision. Prepayments recognised under assets comprise costs incurred in respect of subsequent financial years. Cash includes operating cash. The net revaluation of equity investments measured according to the equity method is recognized in the financial statements of the parent in the net revaluation reserve in equity according to the equity method to the extent that the carrying amount exceeds the cost. Other provisions comprise expected expenses incidental to loss on work in progress, restructuring etc. and are recognised when the company has a legal or constructive obligation at the balance sheet date and it is probable that such obligation will draw on the financial resources of the company. Provisions are measured at net realisable value or fair value if the provision is expected to be settled over the longer term. Current tax payable and receivable is recognised in the balance sheet as tax computed on the basis of the taxable income for the year, adjusted for tax paid on account. Joint taxation contributions payable and receivable are recognised as income tax under receivables or payables in the balance sheet. Deferred tax liabilities and tax assets are recognised on the basis of all temporary differences between the carrying amounts and tax bases of assets and liabilities. However, deferred tax is not recognised on temporary differences relating to goodwill which is non-amortisable for tax purposes and other items where temporary differences, except for acquisitions, have arisen at the date of acquisition without affecting the net profit or loss for the year or the taxable income. In cases where the tax value can be determined according to different taxation rules, deferred tax is measured on the basis of management’s intended use of the asset or settlement of the liability. Deferred tax assets are recognised, following an assessment, at the expected realisable value through offsetting against deferred tax liabilities or elimination in tax on future earnings. Deferred tax is measured on the basis of the tax rules and at the tax rates which, according to the legislation in force at the balance sheet date, will be applicable when the deferred tax is expected to crystallise as current tax. Long-term payables are measured at cost at the time of contracting such liabilities (raising of the loan). The payables are subsequently measured at amortised cost where capital losses and loan expenses are recognised in the income statement as a financial expense over the term of the payable on the basis of the calculated effective interest rate in force at the time of contracting the liability. Short-term payables are measured at amortised cost, normally corresponding to the nominal value of such payables. Prepayments received from customers comprise amounts received from customers prior to the time and date of delivery of the agreed product or completion of the agreed service. The cash flow statement is prepared using the indirect method, showing cash flows from operating, investing and financing activities as well as cash and cash equivalents at the beginning and end of the year. Cash flows from operating activities comprise the net profit or loss for the year, adjusted for non-cash operating items, income tax paid and changes in working capital. Cash flows from investing activities comprise payments in connection with the acquisition and divestment of companies and financial assets as well as the purchase, development, improvement and sale of intangible assets and property, plant and equipment. Cash flows from financing activities comprise changes in the parent’s share capital and associated costs and financing from and dividends paid to shareholders as well as the arrangement and repayment of long-term payables. Cash and cash equivalents at the beginning and end of the year comprise cash. Referring to section 86(4) of the Danish Financial Statements Act a cash flow statement has not been prepared for the parent as the parent is included in the consolidated cash flow statement. Ratios definitions Return on equity: Profit/loss for the year x 100 Average equity Solvency ratio: Equity, end of year x 100 Total assets Revenue per employee Revenue Number of employees (average) EBITA-margin EBITA x 100 Revenue Figures in DKK '000 Share capital Share premium Reserve for net revaluation according to the equity method Retained earnings Total equity Group: Statement of changes in equity for 16.06.22 - 31.12.22 Capital contributed on establishment 40 0 0 0 40 Capital increase 50 89,910 0 0 89,960 Transfers to/from other reserves 0 -89,910 0 89,910 0 Net profit/loss for the year 0 0 0 2,692 2,692 Balance as at 31.12.22 90 0 0 92,602 92,692 Parent: Statement of changes in equity for 16.06.22 - 31.12.22 Capital contributed on establishment 40 0 0 0 40 Capital increase 50 89,910 0 0 89,960 Transfers to/from other reserves 0 -89,910 0 89,910 0 Net profit/loss for the year 0 0 2,690 2 2,692 Balance as at 31.12.22 90 0 2,690 89,912 92,692 With reference to the exemption-on-prejudice provision in section 96(1) of the Danish Financial Statements Act, the company has omitted to provide segment information. It is the management assessment, that a publication of the segment information, will give the groups rivals a misleading insight in the companies activities and eranings and cause damage to the company. Remuneration for the management: Salaries for the Executive Board 3,575 0 Total remuneration for the Executive Board 3,575 0 9. Property, plant and equipment Figures in DKK '000 Leasehold improvements Other fixtures and fittings, tools and equipment Group: Additions relating to mergers and acquisition of enterprises 600 1,827 Additions during the year 0 405 Disposals during the year 0 -300 Cost as at 31.12.22 600 1,932 Additions relating to mergers and acquisition of enterprises -600 -1,198 Depreciation during the year 0 -315 Reversal of depreciation of and impairment losses on disposed assets 0 300 Depreciation and impairment losses as at 31.12.22 -600 -1,213 Carrying amount as at 31.12.22 0 719 10. Equity investments in group enterprises Figures in DKK '000 Equity investments in group enterprises Parent: Additions during the year 82,911 Cost as at 31.12.22 82,911 Amortisation of goodwill -2,798 Net profit/loss from equity investments 5,488 Depreciation and impairment losses as at 31.12.22 2,690 Carrying amount as at 31.12.22 85,601 The item comprises goodwill as at 31.12.22 of 45,171 Positive balances ascertainable on initial recognition of equity investments measured at equity value 47,969 Name and registered office: Ownership interest Subsidiaries: Actief Hartmanns A/S, Ballerup 100 Actief Teknik Bureauet ApS, Ballerup 100 Hartmanns Norge, Norge 100 Group Parent 31.12.22 31.12.22 DKK '000 DKK '000 12. Work in progress for third parties Work in progress for third parties 1,456 0 Total work in progress for third parties 1,456 0 13. Deferred tax Additions relating to mergers and acquisition of enterprises 21 0 Deferred tax recognised in the income statement -10 0 Provisions for deferred tax as at 31.12.22 11 0 14. Other provisions Figures in DKK '000 Other provisions Group: Additions relating to mergers and acquisition of enterprises 961 Provisions as at 31.12.22 961 31.12.22 31.12.22 DKK '000 DKK '000 Other provisions are expected to be distributed as follows: Non-current liabilities 0 0 Current liabilities 961 0 Total 961 0 Group: Lease commitments The group has concluded rent- and lease agreements with terms to maturity of 2-26 months and total lease payments of DKK 1.725k. Parent: Lease commitments The company has concluded rent- and lease agreements with terms to maturity of 2-26 months and total lease payments of DKK 1.725k. Other contingent liabilities The company is taxed jointly with the other Danish companies in the group and has joint, several and unlimited liability for income taxes and any obligations to withhold tax at source on interest, royalties and dividends for the jointly taxed companies. The liability also includes any subsequent corrections to the calculated tax liability as a consequence of changes made to the jointly taxable income etc. Group: The group's current credit facilities are secured by way of a receivables charge in trade receivables of nominal DKK 10,000k. The carrying amount of the assets charged amounts to DKK 43,517k at 31.12.22. Parent: The Company's current credit facilities are secured by way of a receivables charge in trade receivables of nominal DKK 10,000k. The carrying amount of the assets charged amounts to DKK 43,517k at 31.12.22. Controlling influence Basis of influence Actief Interim NV, Belgien Majority shareholder Related party transactions are not disclosed, as all transactions are entered into in the ordinary course of business at arms’ length. Remuneration for the management is specified in note 2. Staff costs. Acquired rights Aquired rights are measured in the balance sheet at cost less accumulated amortisation and impairment losses. Acquired rights are amortised using the straight-line method based on useful lives, which are stated in the ‘Depreciation, amortisation and impairment losses’ section. Goodwill Goodwill is measured in the balance sheet at cost less accumulated amortisation and impairment losses. Goodwill is amortised using the straight-line method based on useful lives, which are stated in the ‘Depreciation, amortisation and impairment losses’ section. Gains or losses on the disposal of intangible assets Gains or losses on the disposal of intangible assets are determined as the difference between the selling price, if any, less selling costs and the carrying amount at the date of disposal. 433394862022-06-162022-12-31d:ConsolidatedMember433394862022-06-162022-12-31433394862022-06-162022-12-31d:ConsolidatedMembere:ReserveForNetRevaluationAccordingToEquityMethodMember433394862022-06-162022-12-31d:ConsolidatedMembere:RetainedEarningsMember433394862022-12-31433394862022-06-162022-12-31d:ConsolidatedMember1433394862022-06-162022-12-31d:ConsolidatedMember2433394862022-06-162022-12-31d:ConsolidatedMembere:ContributedCapitalMember433394862022-12-31d:ConsolidatedMembere:ContributedCapitalMember433394862022-06-162022-12-31d:ConsolidatedMembere:SharePremiumMember433394862022-12-31d:ConsolidatedMembere:SharePremiumMember433394862022-12-31d:ConsolidatedMembere:ReserveForNetRevaluationAccordingToEquityMethodMember433394862022-06-162022-12-31d:ConsolidatedMembere:RetainedEarningsMember433394862022-12-31d:ConsolidatedMembere:RetainedEarningsMember433394862022-06-162022-12-31d:ConsolidatedMembere:ManagementMember433394862022-06-162022-12-31d:ConsolidatedMembere:AcquiredIntangibleAssetsMember433394862022-12-31d:ConsolidatedMembere:AcquiredIntangibleAssetsMember433394862022-06-162022-12-31d:ConsolidatedMembere:GoodwillMember433394862022-12-31d:ConsolidatedMembere:GoodwillMember433394862022-06-162022-12-31d:ConsolidatedMembere:FixturesFittingsToolsAndEquipmentMember433394862022-12-31d:ConsolidatedMembere:FixturesFittingsToolsAndEquipmentMember433394862022-06-162022-12-31d:ConsolidatedMembere:LeaseholdImprovementsMember433394862022-12-31d:ConsolidatedMembere:LeaseholdImprovementsMember433394862022-06-162022-12-31d:ConsolidatedMembere:SubsidiaryMember1433394862022-12-31d:ConsolidatedMembere:SubsidiaryMember1433394862022-06-162022-12-31d:ConsolidatedMember18433394862022-06-162022-12-31d:ConsolidatedMember19433394862022-06-162022-12-31e:ReserveForNetRevaluationAccordingToEquityMethodMember433394862022-06-162022-12-31e:RetainedEarningsMember433394862022-12-31d:ConsolidatedMember433394862022-06-162022-12-31e:InvestmentsInGroupEnterprisesMember433394862022-12-31e:InvestmentsInGroupEnterprisesMember433394862022-06-162022-12-31d:ConsolidatedMembere:SubsidiaryMember2433394862022-06-162022-12-31d:ConsolidatedMembere:SubsidiaryMember3433394862022-12-31d:ConsolidatedMembere:SubsidiaryMember2433394862022-12-31d:ConsolidatedMembere:SubsidiaryMember3433394862022-06-162022-12-31e:ContributedCapitalMember433394862022-12-31e:ContributedCapitalMember433394862022-06-162022-12-31e:SharePremiumMember433394862022-12-31e:SharePremiumMember433394862022-06-162022-12-31e:ReserveForNetRevaluationAccordingToEquityMethodMember433394862022-12-31e:ReserveForNetRevaluationAccordingToEquityMethodMember433394862022-06-162022-12-31e:RetainedEarningsMember433394862022-12-31e:RetainedEarningsMember433394862022-06-162022-12-31e:ManagementMember433394862022-06-162022-12-31d:ConsolidatedMembere:DepositsLongtermInvestmentsAndReceivablesMember433394862022-12-31d:ConsolidatedMembere:DepositsLongtermInvestmentsAndReceivablesMember433394862022-06-162022-12-31d:ConsolidatedMember1433394862022-06-162022-12-311433394862022-12-31d:ConsolidatedMembere:OtherPayablesIncludingTaxPayablesLiabilitiesOtherThanProvisionsLongtermMemberiso4217:DKKxbrli:pure