29185263 2022-01-01 2022-12-31 29185263 2022-01-01 2022-12-31 0 29185263 2022-01-01 2022-12-31 0 29185263 2022-01-01 2022-12-31 1 29185263 2022-01-01 2022-12-31 2 29185263 2022-01-01 2022-12-31 3 29185263 2022-01-01 2022-12-31 4 29185263 2022-01-01 2022-12-31 5 29185263 2022-01-01 2022-12-31 cmn:PreviousYearMember 29185263 2022-01-01 2022-12-31 cmn:TwoYearsAgoMember 29185263 2022-01-01 2022-12-31 cmn:ThreeYearsAgoMember 29185263 2022-01-01 2022-12-31 cmn:FourYearsAgoMember 29185263 2022-12-31 29185263 2022-12-31 cmn:PreviousYearMember 29185263 2022-12-31 cmn:TwoYearsAgoMember 29185263 2022-12-31 cmn:ThreeYearsAgoMember 29185263 2022-12-31 cmn:FourYearsAgoMember 29185263 2022-01-01 2022-12-31 0 29185263 2022-01-01 2022-12-31 cmn:PreviousYearMember 1 29185263 2022-01-01 2022-12-31 cmn:TwoYearsAgoMember 2 29185263 2022-01-01 2022-12-31 cmn:ThreeYearsAgoMember 3 29185263 2022-01-01 2022-12-31 cmn:FourYearsAgoMember 4 29185263 2022-01-01 2022-12-31 5 29185263 2022-01-01 2022-12-31 cmn:PreviousYearMember 6 29185263 2022-01-01 2022-12-31 cmn:TwoYearsAgoMember 7 29185263 2022-01-01 2022-12-31 cmn:ThreeYearsAgoMember 8 29185263 2022-01-01 2022-12-31 cmn:FourYearsAgoMember 9 29185263 2021-01-01 2021-12-31 29185263 2021-12-31 29185263 2022-01-01 fsa:ContributedCapitalMember 29185263 2022-01-01 fsa:RetainedEarningsMember 29185263 2022-01-01 fsa:ProposedDividendRecognisedInEquityMember 29185263 2022-01-01 29185263 2022-01-01 2022-12-31 fsa:ProposedDividendRecognisedInEquityMember 29185263 2022-01-01 2022-12-31 fsa:ContributedCapitalMember 29185263 2022-01-01 2022-12-31 fsa:RetainedEarningsMember 29185263 2022-12-31 fsa:ContributedCapitalMember 29185263 2022-12-31 fsa:RetainedEarningsMember 29185263 2022-12-31 fsa:ProposedDividendRecognisedInEquityMember 29185263 2022-01-01 2022-12-31 0 29185263 2021-01-01 2021-12-31 1 29185263 2021-01-01 29185263 2022-01-01 2022-12-31 fsa:RetainedEarningsMember 29185263 2021-01-01 2021-12-31 fsa:RetainedEarningsMember 29185263 2022-01-01 2022-12-31 0 iso4217:DKK xbrli:pure Regnskabsklasse C, stor virksomhed 2022-01-01 2022-12-31 <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">Den uafhængige revisors revisionspåtegning</td></tr><tr><td colspan="1">Til kapitalejerne i NF Fleet A/S</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 /><td /><td>Independent auditor's report</td></tr><tr><td /><td /><td>To the shareholders of NF Fleet A/S</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">Konklusion</td></tr><tr><td colspan="1">Vi har revideret årsregnskabet for NF Fleet A/S for regnskabsåret 1. januar – 31. december 2022, der omfatter anvendt regnskabspraksis, resultatopgørelse, balance, egenkapitalopgørelse, pengestrømsopgørelse og noter. Årsregnskabet udarbejdes efter årsregnskabsloven.</td></tr><tr><td colspan="1">Det er vores opfattelse, at årsregnskabet giver et retvisende billede af selskabets aktiver, passiver og finansielle stilling pr. 31. december 2022 samt af resultatet af selskabets aktiviteter og pengestrømme for regnskabsåret 1. januar – 31. december 2022 i overensstemmelse med årsregnskabsloven.</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 /><td /><td>Opinion</td></tr><tr><td /><td /><td>We have audited the financial statements of NF Fleet A/S for the financial year 1 January – 31 December 2022, which comprise accounting policies, income statement, balance sheet, statement of changes in equity, cash flow statement and notes. The financial statements are prepared in accordance with the Danish Financial Statements Act.</td></tr><tr><td /><td /><td>In our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2022 and of the results of the Company's operations and cash flows for the financial year 1 January – 31 December 2022 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">Grundlag for konklusion</td></tr><tr><td colspan="1">Vi har udført vores revision i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark. Vores ansvar ifølge disse standarder og krav er nærmere beskrevet i revisionspåtegningens afsnit "Revisors ansvar for revisionen af årsregnskabet". Det er vores opfattelse, at det opnåede revisionsbevis er tilstrækkeligt og egnet som grundlag for vores konklusion.</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 /><td /><td>Basis for opinion</td></tr><tr><td /><td /><td>We conducted our audit in accordance with International Standards on Auditing (ISAs) and 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.</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">Ledelsens ansvar for årsregnskabet</td></tr><tr><td colspan="1">Ledelsen har ansvaret for udarbejdelsen af et årsregnskab, der giver et retvisende billede i overensstemmelse med årsregnskabsloven. Ledelsen har endvidere ansvaret for den interne kontrol, som ledelsen anser for nødvendig for at udarbejde et årsregnskab uden væsentlig fejlinformation, uanset om denne skyldes besvigelser eller fejl.</td></tr><tr><td colspan="1">Ved udarbejdelsen af årsregnskabet er ledelsen ansvarlig for at vurdere selskabets evne til at fortsætte driften; at oplyse om forhold vedrørende fortsat drift, hvor dette er relevant; samt at udarbejde årsregnskabet på grundlag af regnskabsprincippet om fortsat drift, medmindre ledelsen enten har til hensigt at likvidere selskabet, indstille driften eller ikke har andet realistisk alternativ end at gøre dette.</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 /><td /><td>Management's responsibilities for the financial statements</td></tr><tr><td /><td /><td>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.</td></tr><tr><td /><td /><td>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 Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.</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">Revisors ansvar for revisionen af årsregnskabet</td></tr><tr><td colspan="1">Vores mål er at opnå høj grad af sikkerhed for, om årsregnskabet som helhed er uden væsentlig fejlinformation, uanset om denne skyldes besvigelser eller fejl, og at afgive en revisionspåtegning med en konklusion. Høj grad af sikkerhed er et højt niveau af sikkerhed, men er ikke en garanti for, at en revision, der udføres i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark, altid vil afdække væsentlig fejlinformation, når sådan findes. Fejlinformationer kan opstå som følge af besvigelser eller fejl og kan betragtes som væsentlige, hvis det med rimelighed kan forventes, at de enkeltvis eller samlet har indflydelse på de økonomiske beslutninger, som regnskabsbrugerne træffer på grundlag af årsregnskabet.</td></tr><tr><td colspan="1">Som led i en revision, der udføres i overensstemmelse med internationale standarder om revision og de yderligere krav, der er gældende i Danmark, foretager vi faglige vurderinger og opretholder professionel skepsis under revisionen. Herudover</td></tr><tr><td colspan="1">►     Identificerer og vurderer vi risikoen for væsentlig fejlinformation i årsregnskabet, uanset om denne skyldes besvigelser eller fejl, udformer og udfører revisionshandlinger som reaktion på disse risici samt opnår revisionsbevis, der er tilstrækkeligt og egnet til at danne grundlag for vores konklusion. Risikoen for ikke at opdage væsentlig fejlinformation forårsaget af besvigelser er højere end ved væsentlig fejlinformation forårsaget af fejl, idet besvigelser kan omfatte sammensværgelser, dokumentfalsk, bevidste udeladelser, vildledning eller tilsidesættelse af intern kontrol.</td></tr><tr><td colspan="1">►     Opnår vi forståelse af den interne kontrol med relevans for revisionen for at kunne udforme revisionshandlinger, der er passende efter omstændighederne, men ikke for at kunne udtrykke en konklusion om effektiviteten af selskabets interne kontrol.</td></tr><tr><td colspan="1">►     Tager vi stilling til, om den regnskabspraksis, som er anvendt af ledelsen, er passende, samt om de regnskabsmæssige skøn og tilknyttede oplysninger, som ledelsen har udarbejdet, er rimelige.</td></tr><tr><td colspan="1">►     Konkluderer vi, om ledelsens udarbejdelse af årsregnskabet på grundlag af regnskabsprincippet om fortsat drift er passende, samt om der på grundlag af det opnåede revisionsbevis er væsentlig usikkerhed forbundet med begivenheder eller forhold, der kan skabe betydelig tvivl om selskabets evne til at fortsætte driften. Hvis vi konkluderer, at der er en væsentlig usikkerhed, skal vi i vores revisionspåtegning gøre opmærksom på oplysninger herom i årsregnskabet eller, hvis sådanne oplysninger ikke er tilstrækkelige, modificere vores konklusion. Vores konklusion er baseret på det revisionsbevis, der er opnået frem til datoen for vores revisionspåtegning. Fremtidige begivenheder eller forhold kan dog medføre, at selskabet ikke længere kan fortsætte driften.</td></tr><tr><td colspan="1">►     Tager vi stilling til den samlede præsentation, struktur og indhold af årsregnskabet, herunder note-oplysningerne, samt om årsregnskabet afspejler de underliggende transaktioner og begivenheder på en sådan måde, at der gives et retvisende billede heraf.</td></tr><tr><td colspan="1">Vi kommunikerer med den øverste ledelse om bl.a. det planlagte omfang og den tidsmæssige placering af revisionen samt betydelige revisionsmæssige observationer, herunder eventuelle betydelige mangler i intern kontrol, som vi identificerer under revisionen.</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 /><td /><td>Auditor's responsibilities for the audit of the financial statements</td></tr><tr><td /><td /><td>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 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 /><td /><td>As part of an audit conducted in accordance with ISAs and additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also</td></tr><tr><td /><td /><td>►     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 /><td /><td>►     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 /><td /><td>►     Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.</td></tr><tr><td /><td /><td>►     Conclude on the appropriateness of Management's use of the going concern basis of accounting 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 uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures 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 report. However, future events or conditions may cause the Company to cease to continue as a going concern.</td></tr><tr><td /><td /><td>►     Evaluate the overall presentation, structure and contents of the financial statements, including the note disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.</td></tr><tr><td /><td /><td>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.</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">Udtalelse om ledelsesberetningen</td></tr><tr><td colspan="1">Ledelsen er ansvarlig for ledelsesberetningen.</td></tr><tr><td colspan="1">Vores konklusion om årsregnskabet omfatter ikke ledelsesberetningen, og vi udtrykker ingen form for konklusion med sikkerhed om ledelsesberetningen.</td></tr><tr><td colspan="1">I tilknytning til vores revision af årsregnskabet er det vores ansvar at læse ledelsesberetningen og i den forbindelse overveje, om ledelsesberetningen er væsentligt inkonsistent med årsregnskabet eller vores viden opnået ved revisionen eller på anden måde synes at indeholde væsentlig fejlinformation.</td></tr><tr><td colspan="1">Vores ansvar er derudover at overveje, om ledelsesberetningen indeholder krævede oplysninger i henhold til årsregnskabsloven.</td></tr><tr><td colspan="1">Baseret på det udførte arbejde er det vores opfattelse, at ledelsesberetningen er i overensstemmelse med årsregnskabet og er udarbejdet i overensstemmelse med årsregnskabslovens krav. Vi har ikke fundet væsentlig fejlinformation i ledelsesberetningen.</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 /><td /><td>Statement on the Management's review</td></tr><tr><td /><td /><td>Management is responsible for the Management's review.</td></tr><tr><td /><td /><td>Our opinion on the financial statements does not cover the Management's review, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td /><td /><td>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 misstated.</td></tr><tr><td /><td /><td>Moreover, it is our responsibility to consider whether the Management's review provides the information required under the Danish Financial Statements Act.</td></tr><tr><td /><td /><td>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></table> København 2023-06-26 <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">Ledelsesberetning</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 /><td /><td>Management’s Review</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">Hovedaktivitet</td></tr><tr><td colspan="1">I tæt samarbejde med Nordea-koncernen og ALD Automotive A/S, tilbyder NF Fleet et full-service leasingkoncept af person- og varebiler til danske erhvervsvirksomheder. Der tilbydes endvidere outsourcing af opgaver relateret til virksomhedens drift og administration af bilflåden. NF Fleet har specialiseret sig inden for dette segment af leasingmarkedet og tilbyder nogle af markedets bedste produkter med en stor grad af fleksibilitet og omkostningsbesparelser, bl.a. via skræddersyede IT-løsninger. NF Fleet’s primære fokus er rettet mod erhvervskunder i Nordea-koncernen.</td></tr><tr><td colspan="1">Derudover forestår NF Fleet for privatleasing af personbiler i forskellige mærke partnerskaber (white label).</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 /><td /><td>Main Activity</td></tr><tr><td /><td /><td>In close cooperation with the Nordea group and ALD Automotive A/S, NF Fleet offers Danish companies a full-service leasing concept of cars and vans. Moreover, the company offers outsourcing of tasks related to the company’s operations and administration of the car fleet. NF Fleet has specialized within this segment of the leasing market and offers some of the best products on the market with a very high degree of flexibility and cost savings, for example through customized IT solutions. NF Fleet’s primary focus is directed towards business clients in the Nordea group.</td></tr><tr><td /><td /><td>In addition, NF Fleet manages private leasing of cars in various make partnerships (white label).</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">Udvikling i regnskabsåret</td></tr><tr><td colspan="1">Selskabet har i lighed med forrige regnskabsperiode rapporteret et positivt resultat i 2022. Den samlede bilflåde steg med 5% målt på antallet af biler. Det er en meget tilfredsstillende præstation manglen på nye biler i markedettaget i betragtning. Der er herudover en fortsat meget intensiv konkurrencesituation og et stigende prispres i markedet for både full service operational- og privatleasing. Nettoomsætningen er steget 15,9%, som resultat af ovenstående samt høje salgspriser på brugtvognsmarkedet, men stigning i produktionsomkostninger på 19,3% resulterer i et fald i bruttomarginen på 2,4%. NF Fleet realiserede endvidereet positivt overskud på salg af brugte biler. Dette var et resultat af en stabil efterspørgsel og højere salgspriser grundet manglen på nye biler på markedet. NF Fleets avancer var derfor efter forholdene tilfredsstillende og omkostningerne stabile.</td></tr><tr><td colspan="1">Generelle risici</td></tr><tr><td colspan="1">De generelle risici for NF Fleet relaterer sig hovedsageligt til vedligehold af, samt restværdigarantier på, de leasede køretøjer. Derudover til den kreditrisiko der hidrører fra selskabets kunder.</td></tr><tr><td colspan="1">Særlige risici</td></tr><tr><td colspan="1">NF Fleets aktiviteter påvirkes i et forholdsvis stort omfang af den skatte- og afgiftspolitik der bliver ført på bilområdet af den danske stat. Registreringsafgift, brugsafgifter og ikke mindst beskatning af fri bil er afgørende for markedets udvikling og for selskabets aktivers værdi ved kontraktafslutning.</td></tr><tr><td colspan="1">Det fleksible skattesystem bevilliget til leasingselskaber i 2009 var en klog beslutning, som gør os i stand til at støtte økonomien ved at lease køretøjer til erhvervskunder i et sikrere skattemiljø.</td></tr><tr><td colspan="1">Driftsrisici</td></tr><tr><td colspan="1">NF Fleet benytter sig af koncernens godkendte værktøjer til løbende at evaluere risikoen på henholdsvis restværdigaranti samt vedligeholdelsen af de leasede køretøjer. Selskabet er således på forkant på disse områder og kan løbende korrigere nye kontrakter for eventuelt ændrede trends, der kan påvirke selskabets resultat. NF Fleet har, for at mindske risiciene på de stillede restværdigarantier, et samarbejde med ALD Carmarket. Via denne salgskanal, benytter NF Fleet sig af såvel auktioner, engrossalgskanaler samt detailsalg af de leasede køretøjer efter endt kontrakt.</td></tr><tr><td colspan="1">NF Fleet er underlagt koncernens regler omkring intern kontrol, vedvarende drift i specielle nødsituationer, og ikke mindst en konstant vurdering af de driftsrisici der foreligger.</td></tr><tr><td colspan="1">Renterisici</td></tr><tr><td colspan="1">NF Fleet indgår udelukkende fastforrentede leasingaftaler. På den samlede portefølje udøves ”matched funding”, således at eventuelle renteændringer ikke påvirker selskabets finansielle resultater.</td></tr><tr><td colspan="1">Kreditrisici</td></tr><tr><td colspan="1">NF Fleet indgår kun aftaler med virksomheder der på forhånd er kreditvurderet ud fra parametre fastlagt på koncernniveau. Den løbende kreditrisiko vurderes for hver enkelt kunde, minimum én gang årligt.</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 /><td /><td>Development in the financial year</td></tr><tr><td /><td /><td>The company has, like last financial period, reported positive results in 2022. The total vehicle fleet increased by 8% measured on number of cars. This is a very satisfying performance considering the lack of new cars in the market. In addition, there is still a very intense competitive situation and an increasing price pressure on both full-service operational leasing and private leasing. The revenue has increased 15,9% as a result of the above and high sales prices on the used car market, but the increase in the productioncosts of 19,3% results in a decrease in the gross margin of 2,4%. Furthermore, NF Fleet realized a positive profit on the sale of used cars. This was due to a stable demand and higher sales prices due to lack of new cars on the market. NF Fleet’s margins were under the conditions satisfying, and our cost base stable.</td></tr><tr><td /><td /><td>General risks</td></tr><tr><td /><td /><td>The general risks for NF Fleet mainly relate to maintenance of and residual value guarantees on the leased vehicles. Furthermore, it relates to the credit risk that originates from the company’s customer portfolio.</td></tr><tr><td /><td /><td>Special risks</td></tr><tr><td /><td /><td>NF Fleets activities are influenced to a relatively wide extent by the direct and indirect tax policy that is pursued within the car area by the Danish government. Car tax, usage tax, and not least taxation of company cars are decisive for the development of the market and for the value of the company’s assets in connection with termination of contract.</td></tr><tr><td /><td /><td>The flex tax system granted to leasing companies in 2009 was a wise decision, which has allowed us to continue to support the economy by leasing vehicles to corporate customers in a safer tax environment.</td></tr><tr><td /><td /><td>Operational risks</td></tr><tr><td /><td /><td>NF Fleet makes use of the group’s approved tools to evaluate the risk of the residual value guarantee and the maintenance of the leased vehicles respectively on a current basis. Thus, the company is at the leading edge within these areas and can continuously update new contracts for possible changed trends that can influence the company’s profit. In order to reduce the risks on the provided residual value guarantees of the leased vehicles, NF Fleet has a cooperation with ALD Carmarket. Through this retail distribution channel, the company uses auctions, wholesale distribution channels, as well as retail sale of the leased vehicles after end contract.</td></tr><tr><td /><td /><td>NF Fleet is governed by the group’s rules concerning internal control, contingency plans in special emergencies, and not least a constant evaluation of the operational risks.</td></tr><tr><td /><td /><td>Interest risks</td></tr><tr><td /><td /><td>NF Fleet only enters into fixed-interest leasing agreements, and on the total portfolio matched funding is practiced, so that possible changes in interest do not influence the company’s financial results.</td></tr><tr><td /><td /><td>Credit risks</td></tr><tr><td /><td /><td>NF Fleet only enters into agreements with companies that have been credit rated in advance from parameters determined at group level. The running credit risk is assessed on an ongoing basis for each customer at least once a year.</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">Målsætninger og forventninger til det kommende år</td></tr><tr><td colspan="1">Det er selskabets målsætning at udbygge positionen på det danske marked for operationel billeasing. Målsætningen understøttes af et tæt samarbejde med Nordea-koncernen samt en fortsat positiv udvikling af nye kunder.</td></tr><tr><td colspan="1">Desuden opretholder selskabet en fortsat høj grad af tilfredshed og loyalitet fra eksisterende kunder.</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 /><td /><td>Objectives and expectations for the coming year</td></tr><tr><td /><td /><td>It is the company’s objective to continue to expand the position on the Danish market for operational car leasing. The objective is supported by a close cooperation with the Nordea group and a continued positive growth of new customers.</td></tr><tr><td /><td /><td>Furthermore, the company has maintained a high degree of satisfaction and loyalty from existing customers.</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">Begivenheder efter regnskabsårets udløb</td></tr><tr><td colspan="1">De fortsatte geopolitiske uroligheder fortsætter med at udfordre leverancer på nye biler, da den europæiske bilproduktion har en række underleverandører i Ukraine. Hvorfor markedet for nye biler forventes at være presset i en stor del af 2023.</td></tr><tr><td colspan="1">NF Fleet vurderer eventuelle påvirkninger med hensyn til kreditrisiko, bilsalgsaktivitet og flådeudvikling.</td></tr><tr><td colspan="1">ALD Automotive kunne i januar 2022 meddele, at der er underskrevet et aftalememorandum om at erhverve 100 % af LeasePlan fra et konsortium ledet af TDR Capital. Dette vil have indirekte effekt på NF Fleet grundet ejerstrukturen, og en række fælles administrative værktøjer og processer der benyttes på tværs af koncernen. Ultimo april 2023 er købet endelig godkendt hvorefter integrationen af LeasePlan kan begynde.</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 /><td /><td>Events after the financial year</td></tr><tr><td /><td /><td>The ongoing geopolitical turmoil continues to challenge deliveries of new cars, as the European car production has several subcontractors in Ukraine, which is why the market for new cars is expected to be under pressure for a large part of 2023.</td></tr><tr><td /><td /><td>NF Fleet is evaluating any potential impacts in terms of credit risk, used car sales activity and fleet development.</td></tr><tr><td /><td /><td>In January 2022, ALD Automotive was able to announce that a memorandum of understanding has been signed to acquire 100% of LeasePlan from a consortium led by TDR Capital. This will have an indirect effect on NF Fleet due to the ownership structure, and a number of common administrative tools and processes used across the group. By the end of April 2023, the acquisition is finally approved, after which the integration of LeasePlan can begin.</td></tr></table> www.aldautomotive.com/about-us/sustainability <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">Redegørelse for samfundsansvar</td></tr><tr><td colspan="1">Redegørelse for samfundsansvar dækker perioden 1. januar til 31. december 2022 og knytter sig til årsrapporten for 2022. NF Fleet ønsker at leve op til lovgivningen og gældende regler på de markeder, hvor der opereres. NF Fleet har ikke selvstændigt etableret politikker for efterlevelse af samfundsansvar, men følger den generelle politik for samfundsansvar, der er etableret i ALD-koncernen, som en del af koncernens strategi og aktivitet.</td></tr><tr><td colspan="1">For lovpligtige redegørelse for §99a henvises til koncernens: www.aldautomotive.com/about-us/sustainability hvor dokumentet ALD Automotive Universal Registration Document findes, se afsnit 1.2.1 Business model (side 7), samt afsnit 5 Declaration of extra‑financial performance (side 129 – 188).</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 /><td /><td>Statement of community responsibility</td></tr><tr><td /><td /><td>Statement of community responsibility covers the period 1 January to 31 December 2022 and is associated with the annual report for 2022. NF Fleet wishes to live up to the legislation and current regulations in the market where we operate. NF Fleet has not independently established policies for responding to community responsibility but follows the general policy of community responsibility established in the ALD group, as part of the group strategy and operations.</td></tr><tr><td /><td /><td>For the statutory statement on §99a please refer to the group website:www.aldautomotive.com/about-us/sustainability, where ALD Automotive Universal Registration Document can be found, see section 1.2.1 Business model (Page 7) and section 5 Declaration of extra‑financial performance (page 129 – 188).</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">Kønsfordeling i ledelsen</td></tr><tr><td colspan="1">Koncernen tror på, at mangfoldighed blandt medarbejderne, herunderen ligelig fordeling af kønnene, bidrager positivt til arbejdsmiljøet og styrker virksomhedens performance og konkurrenceevne NF Fleet A/S arbejder på at øge antallet af kvindelige ledere i virksomheden og har på baggrund heraf opstillet konkrete måltal for andelen af det underrepræsenterede køn og politikker for at sikre dette.</td></tr><tr><td colspan="1">NF Fleet A/S har på en målsætning om, at 33% af de generalforsamlingsvalgte bestyrelsesmedlemmer skal udgøres af kvinder, mens 35% af øvrige ledelsesniveauer, skal være besat af kvinder inden 2025. Øvrige ledelsesniveauer omfatter direktion, afdelingsledere samt mellemledere.</td></tr><tr><td colspan="1">Status er p.t. at ingen af medlemmerne i bestyrelsen i NF Fleet A/S er kvinder. Målsætningen er ikke blevet opfyldt i 2022, da der ingen kvindelige kandidater var.</td></tr><tr><td colspan="1">På øvrige ledelsesniveauer er p.t. 0% (uændret ift. 2021) af stillingerne besat af kvinder.</td></tr><tr><td colspan="1">Når det er muligt, sørger virksomheden for at begge køn er repræsenteret i den sidste del af rekrutte-ringsprocessen.</td></tr><tr><td colspan="1">For at kunne opfylde ovenstående målsætning om flere kvindelige ledere i koncernen, er der iværksat en række initiativer, der kan fremme udviklingen og støtte op omkring udviklingen af kvindelige ledere. Bl.a. er der taget initiativ til individuelle karriereplaner for kvindelige medarbejdere med ledelse som målsætning, samt iværksat identifikation af kvindelige talenter og iværksat specielle uddannelsesinitiativer for at styrke deres udvikling frem mod mulige ledelsesstillinger. I forbindelse med ansættelse og rekruttering til ledelsesposter er målet, at der skal være både mandlige og kvindelige kandidater. Princippet gælder for såvel interne jobopslag som eksterne.</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 /><td /><td>Gender distribution in management</td></tr><tr><td /><td /><td>The group believes that equal distribution of the genders, attributes positively to the working environment and strengthens the company’s performance and competitiveness. NF Fleet A/S is working on increasing the number of female managers in the company and has on basis of this established specific targets for the share of the underrepresented gender and policies to ensure this.</td></tr><tr><td /><td /><td>NF Fleet A/S has a target stating that 33% of the elected board members must be female, while 35% of the other management levels must be held by women before 2025. Other management levels include SLT, head of departments and middle managers.</td></tr><tr><td /><td /><td>The current status is that none of the board members in NF Fleet A/S are female. The target has not been reached in 2022,as there were no female candidates.</td></tr><tr><td /><td /><td>On other management levels 0% (unchanged from 2021) of the positions are currently held by women.</td></tr><tr><td /><td /><td>Whenever possible, the company ensures that both genders are represented in the final part of the recruitment process.</td></tr><tr><td /><td /><td>To be able to fulfill the above target of more female managers in the group, several initiatives to promote and support the development of female managers have been launched. For example, individual career plans for female employees with a goal of leadership have been initiated. We have initiated identification of female talents and started special educational initiatives to strengthen their development towards possible management positions. In connection with employment and recruitment to management positions, the target is that there must be both male and female candidates. The principle applies to both internal and external job postings.</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">Anvendt regnskabspraksis</td></tr><tr><td colspan="1">Årsrapporten er aflagt i overensstemmelse med årsregnskabslovens bestemmelser for regnskabsklasse C (stor).</td></tr><tr><td colspan="1">Årsrapporten er aflagt efter samme regnskabspraksis som sidste år.</td></tr><tr><td colspan="1">Alle beløb i årsregnskabets del af årsrapporten præsenteres i hele t.kr. Hvert tal afrundes for sig. Der kan derfor forekomme afvigelser mellem de anførte totaler og summen af de underliggende tal.</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 /><td /><td>Accounting policies</td></tr><tr><td /><td /><td>This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class C enterprises (large).</td></tr><tr><td /><td /><td>The accounting policies applied for this annual report are consistent with those applied last year.</td></tr><tr><td /><td /><td>Generally, all the amounts in the report are disclosed in whole numbers of DKKt. The amounts have been rounded, and consequently the sum of the rounded amounts and totals may differ slightly.</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">Generelt om indregning og måling</td></tr><tr><td colspan="1">Aktiver indregnes i balancen, når det som følge af en tidligere begivenhed er sandsynligt, at fremtidige økonomiske fordele vil tilflyde selskabet, og aktivets værdi kan måles pålideligt.</td></tr><tr><td colspan="1">Forpligtelser indregnes i balancen, når selskabet som følge af en tidligere begivenhed har en retlig eller faktisk forpligtelse, og det er sandsynligt, at fremtidige økonomiske fordele vil fragå selskabet, og forpligtelsens værdi kan måles pålideligt.</td></tr><tr><td colspan="1">Ved første indregning måles aktiver og forpligtelser til kostpris. Måling efter første indregning sker som beskrevet for hver enkelt regnskabspost nedenfor.</td></tr><tr><td colspan="1">Ved indregning og måling tages hensyn til forudsigelige risici og tab, der fremkommer, inden årsrapporten aflægges, og som be- eller afkræfter forhold, der eksisterede på balancedagen.</td></tr><tr><td colspan="1">I resultatopgørelsen indregnes indtægter, i takt med at de indtjenes, mens omkostninger indregnes med de beløb, der vedrører regnskabsåret.</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 /><td /><td>Recognition and measurement</td></tr><tr><td /><td /><td>Assets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Company and the value of the assets can be measured reliably.</td></tr><tr><td /><td /><td>Liabilities are recognised in the balance sheet when the Company has a legal or constructive obligation as a result of a prior event, and it is probable that future economic benefits will flow out of the Company, and the value of the liabilities can be measured reliably.</td></tr><tr><td /><td /><td>On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item.</td></tr><tr><td /><td /><td>Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement.</td></tr><tr><td /><td /><td>Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year.</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">Omregning af fremmed valuta</td></tr><tr><td colspan="1">Transaktioner i fremmed valuta omregnes ved første indregning til transaktionsdagens kurs. Tilgodehavender, gældsforpligtelser og andre monetære poster i fremmed valuta, som ikke er afregnet på balancedagen, omregnes til balancedagens valutakurs. Valutakursdifferencer, der opstår mellem transaktionsdagens kurs og kursen på henholdsvis betalingsdagen og balancedagen, indregnes i resultatopgørelsen som finansielle poster. Materielle og immaterielle anlægsaktiver, varebeholdninger og andre ikke-monetære aktiver, der er købt i fremmed valuta, omregnes til historiske kurser.</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 /><td /><td>Foreign currency translation</td></tr><tr><td /><td /><td>On initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Receivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the balance sheet date. Exchange differences that arise between the rate at the transaction date and the one in effect at the payment date or the rate at the balance sheet date are recognised in the income statement as financial income or financial expenses. Property, plant and equipment, intangible assets, inventories and other non-monetary assets that have been purchased in foreign currencies are translated using historical rates.</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">Resultatopgørelsen</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 /><td /><td>Income statement</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="3">Nettoomsætning</td></tr><tr><td colspan="3">Nettoomsætning indregnes i resultatopgørelsen, efter følgende kriterier</td></tr><tr><td>·                Lejeindtægter indregnes lineært over leasingkontraktens løbetid.</td><td /><td>·                Lease income is recognised on a straight-line basis over the useful life of the agreement.</td></tr><tr><td>·                Nettogevinsten ved salg af leasingbiler indregnes i takt med, at levering finder sted.</td><td /><td>·                Net profit from sale of lease vehicles is recognised as delivery takes place.</td></tr><tr><td>·                Indtægter, der relaterer sig til servicekontrakter, indregnes i takt med afholdelse af de faktiske omkostninger.</td><td /><td>·                Income relating to service agreements is re-cognised as the actual costs are incurred.</td></tr><tr><td colspan="3">Operative leasingkontrakter vedrørende materielle anlægsaktiver, hvor selskabet har alle væsentlige risici og fordele forbundet med ejendomsretten, indregnes i balancen til kostpris, og disse af- og nedskrives som selskabets øvrige materielle anlægsaktiver.</td></tr><tr><td colspan="3">Nettoomsætning indregnes eksklusive moms, afgifter og rabatter i forbindelse med salget og måles til dagsværdien af det fastsatte vederlag.</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 /><td /><td>Revenue</td></tr><tr><td /><td /><td>Revenue is recognised in the income statement applying the following criteria</td></tr><tr><td /><td /><td>Where the Company has all material risks and advantages related to the title, operative lease agreements concerning property, plant and equipment are recognised in the balance sheet at cost and are amortised and written down like the Company’s other property, plant and equipment.</td></tr><tr><td /><td /><td>Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.</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">Produktionsomkostninger</td></tr><tr><td colspan="1">Produktionsomkostninger omfatter direkte og indirekte omkostninger, der afholdes for at opnå nettoomsætningen. I produktionsomkostninger indregnes omkostninger til produktionspersonale samt afskrivninger på og vedligeholdelse af leasingbiler.</td></tr><tr><td colspan="1">Salgs- og distributionsomkostninger</td></tr><tr><td colspan="1">Salgs- og distributionsomkostninger omfatter omkostninger, der afholdes til salg og distribution af solgte ydelser og varer samt til salgskampagner, herunder omkostninger til salgs- og distributionspersonale, reklameomkostninger og afskrivninger.</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 /><td /><td>Cost of sales</td></tr><tr><td /><td /><td>Cost of sales comprises direct and indirect costs incurred to earn revenue. In cost of sales,the Company recognises costs relating to production staff as well as depreciation and maintenance of lease vehicles.</td></tr><tr><td /><td /><td>Distribution costs</td></tr><tr><td /><td /><td>Distribution costs comprise costs incurred for distribution of goods sold and also for sales campaigns, including costs for sales and distribution staff, advertising costs as well as depreciation and amortisation.</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">Administrationsomkostninger</td></tr><tr><td colspan="1">Administrationsomkostninger omfatter omkost-ninger, der afholdes til ledelse og administration af selskaberne, herunder omkostninger til det administrative personale og ledelsen samt kontorholdsomkostninger og afskrivninger.</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 /><td /><td>Administrative expenses</td></tr><tr><td /><td /><td>Administrative expenses comprise expenses incurred for management and administration of the Company, including expenses for the administrative staff and Management, stationery and office supplies as well as depreciation and amortisation.</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">Finansielle poster</td></tr><tr><td colspan="1">Finansielle poster omfatter renteindtægter og -omkostninger, og realiserede og urealiserede kursgevinster og -tab vedrørende transaktioner i fremmed valuta. Renteindtægter indeholder renter fra finansielle leasingkontrakter samt renteindtægter fra udlån.</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 /><td /><td>Financial income and expenses</td></tr><tr><td /><td /><td>These items comprise interest income and expenses and realised and unrealised capital gains and losses on transactions in foreign currencies. Interest income includes interest from financial leasing contracts and interest receivables from loans.</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">Skat</td></tr><tr><td colspan="1">Årets skat, som består af årets aktuelle skat og ændring af udskudt skat, indregnes i resultatopgørelsen med den del, der kan henføres til årets resultat, og direkte på egenkapitalen med den del, der kan henføres til posteringer direkte på egenkapitalen.</td></tr><tr><td colspan="1">Udskudt skat indregnes af alle midlertidige forskelle mellem regnskabsmæssige og skattemæssige værdier af aktiver og forpligtelser, hvor den skattemæssige værdi af aktiverne opgøres med udgangspunkt i den planlagte anvendelse af det enkelte aktiv.</td></tr><tr><td colspan="1">Udskudte skatteaktiver indregnes i balancen med den værdi, aktivet forventes realiseret til, enten ved modregning i udskudte skatteforpligtelser eller som nettoskatteaktiver.</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 /><td /><td>Income taxes</td></tr><tr><td /><td /><td>Tax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the income statement by the portion attributable to the profit for the year and recognised directly on equity by the portion attributable to entries directly on equity.</td></tr><tr><td /><td /><td>Deferred tax is recognised on all temporary differences between the carrying amount and tax-based value of assets and liabilities, for which the tax-based value of assets is calculated based on the planned use of each asset.</td></tr><tr><td /><td /><td>Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets.</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">Balancen</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 /><td /><td>Balance sheet</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">Materielle anlægsaktiver</td></tr><tr><td colspan="1">Andre anlæg, driftsmateriel og inventar samt leasingaktiver og forudbetalte leasingaktiver måles til kostpris med fradrag af akkumulerede af- og nedskrivninger.</td></tr><tr><td colspan="1">Kostprisen omfatter anskaffelsesprisen, omkostninger direkte tilknyttet anskaffelsen samt omkostninger til klargøring af aktivet indtil det tidspunkt, hvor aktivet er klar til at blive taget i brug.</td></tr><tr><td colspan="1">Afskrivningsgrundlaget er kostpris med fradrag af forventet restværdi efter afsluttet brugstid. Der foretages lineære afskrivninger baseret på følgende vurdering af aktivernes forventede brugstider</td></tr><tr><td colspan="1">Leasingbiler 1-5 år</td></tr><tr><td colspan="1">Materielle anlægsaktiver nedskrives til genindvindingsværdi, såfremt denne er lavere end den regnskabsmæssige værdi.</td></tr><tr><td colspan="1">Fortjeneste og tab ved afhændelse af materielle anlægsaktiver opgøres som forskellen mellem salgsprisen med fradrag af salgsomkostninger og den regnskabsmæssige værdi på salgstidspunktet. Fortjeneste eller tab indregnes i resultatopgørelsen som korrektion til af- og nedskrivninger eller under andre driftsindtægter, i det omfang salgsprisen overstiger den oprindelige kostpris.</td></tr><tr><td colspan="1">Finansielle leasing debitorer</td></tr><tr><td colspan="1">Leasingaftaler, hvor risikoen for restværdien er overgået til leasingtager klassificeres som finansiel leasing og indregnes under tilgodehavender. Tilgodehavender i forbindelse med finansiel leasing måles til nutidsværdien af de fremtidige ydelser.</td></tr><tr><td colspan="1">Ved beregning af nutidsværdien anvendes leasingaftalens interne rentefod som diskonteringsfaktor. Finansielt leasede aktiver af- og nedskrives ikke og står kun opført som et tilgodehavende, og leasingydelsens rentedel indtægtsføres løbende i resultatopgørelsen.</td></tr><tr><td colspan="1">Leasingaftaler, hvor alle væsentlige risici og fordele forbundet med ejendomsretten ikke overføres til leasingtager, betragtes som operationel leasing. Ydelser i forbindelse med operationel leasing indregnes lineært i resultatopgørelsen over leasingperioden.</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 /><td /><td>Property, plant and equipment</td></tr><tr><td /><td /><td>Other fixtures and fittings, tools and equipment as well as lease assets and prepaid lease assets are measured at cost less accumulated depreciation and impairment losses.</td></tr><tr><td /><td /><td>Cost comprises the acquisition price, costs directly attributable to the acquisition, and preparation costs of the asset until the time when it is ready to be put into operation.</td></tr><tr><td /><td /><td>The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line depreciation is made on the basis of the following estimated useful lives of the assets</td></tr><tr><td /><td /><td>Lease vehicles 1-5 years</td></tr><tr><td /><td /><td>Property, plant and equipment are written down to the lower of recoverable amount and carrying amount.</td></tr><tr><td /><td /><td>Profits and losses from the sale of property, plant and equipment are calculated as the difference between selling price minus selling costs and carrying amount at the time of sale. Profits or losses are recognised in the income statement as adjustment to depreciation and impairment losses, or under other operating income if the selling price exceeds original cost.</td></tr><tr><td /><td /><td>Finacial leasing receivables</td></tr><tr><td /><td /><td>Leasing agreements where the risk of residual value has been transferreed to the leasee is classified as financial leasing and is recognized as receivables. Receivables in connection with financial leasing are measured to present value of the future lease payments.</td></tr><tr><td /><td /><td>The calculation of the present value is based on the internal interest rate as discount rate.Financial leasing assets are not depreciated or written down and are only included as a receivable, and the lease payments interest is continuously recognized as an income in the income statement.</td></tr><tr><td /><td /><td>Leasing agreements where all material risks and advantages in connection to the right of ownership has not been transferred to leasee is considered operational leasing. Lease payments from operational leasing are recognized linearly in the income statement during the leasing period.</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">Varebeholdninger</td></tr><tr><td colspan="1">Varebeholdninger består af biler returneret efter ophør af leasingkontrakter, biler erhvervet i forbindelse med effektueringen af indgåede tilbagekøbsforpligtelser, samt biler erhvervet fra tredjemand.</td></tr><tr><td colspan="1">Varebeholdninger måles til kostpris eller nettorealisationsværdi, hvor denne er lavere.</td></tr><tr><td colspan="1">Kostprisen for leasingbiler returneret efter kontraktophør omfatter den regnskabsmæssige værdi af leasingaktivet på tidspunktet for kontraktens ophør. Kostprisen for andre biler er baseret på indkøbspriser.</td></tr><tr><td colspan="1">Nettorealisationsværdi for varebeholdninger opgøres som forventet salgspris med fradrag af færdiggørelsesomkostninger og omkostninger, der skal afholdes for at effektuere salget.</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 /><td /><td>Inventories</td></tr><tr><td /><td /><td>Inventories comprise vehicles returned after expiry of lease agreements, vehicles acquired in connection with the execution of repurchase agreements entered into as well as vehicles acquired from third parties.</td></tr><tr><td /><td /><td>Inventories are measured at the lower of cost using the FIFO method and net realisable value.</td></tr><tr><td /><td /><td>Cost of lease vehicles returned after termination of agreements comprise the carrying amount of the lease asset at the time of the termination of the agreement. The cost of other vehicles is based on purchase prices.</td></tr><tr><td /><td /><td>The net realisable value of inventories is calculated as the estimated selling price less completion costs and costs incurred to execute the sale.</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">Tilgodehavender</td></tr><tr><td colspan="1">Tilgodehavender måles til amortiseret kostpris, der sædvanligvis svarer til nominel værdi, med fradrag af nedskrivninger til imødegåelse af forventede tab.</td></tr><tr><td colspan="1">Andre tilgodehavender</td></tr><tr><td colspan="1">Andre tilgodehavender indregnet under aktiver omfatter periodiserede udgifter, samt brændstof som skal viderefaktureres til vores kunder mm. Andre tilgodehavender måles til amortiseret kostpris, der sædvanligvis svarer til nominel værdi.</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 /><td /><td>Receivables</td></tr><tr><td /><td /><td>Receivables are measured at amortised cost, usually equalling nominal value less provisions for bad debts.</td></tr><tr><td /><td /><td>Receivables, other</td></tr><tr><td /><td /><td>Other receivables are recognized in the balance sheet and comprise accrued expenses, and fuel to be rebilled to our customers etc. Other payables are measured at amortised cost, usually equalling nominal value.</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">Periodeafgrænsningsposter</td></tr><tr><td colspan="1">Periodeafgrænsningsposter indregnet under aktiver omfatter afholdte omkostninger, der vedrører efterfølgende regnskabsår. Periodeafgrænsningsposter måles til kostpris.</td></tr></table><br><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">Periodeafgrænsningsposter</td></tr><tr><td colspan="1">Periodeafgrænsningsposter indregnet under forpligtelser omfatter modtagne indtægter til resultatføring i efterfølgende regnskabsår. Periodeafgrænsningsposter måles til kostpris.</td></tr><tr><td colspan="1">Pengestrømsopgørelsen</td></tr><tr><td colspan="1">Pengestrømsopgørelsen præsenteres efter den indirekte metode og viser pengestrømme vedrørende drift, investeringer og finansiering samt selskabets likvider ved årets begyndelse og slutning.</td></tr><tr><td colspan="1">Pengestrømme vedrørende driftsaktiviteter opgøres som driftsresultatet reguleret for ikke-kontante driftsposter, ændring i driftskapital samt betalt selskabsskat.</td></tr><tr><td colspan="1">Pengestrømme vedrørende investeringsaktiviteter omfatter betalinger i forbindelse med køb og salg af finansielle anlægsaktiver samt køb og salg af materielle anlægsaktiver.</td></tr><tr><td colspan="1">Pengestrømme vedrørende finansieringsaktiviteter omfatter ændringer i størrelse eller sammensætning af selskabets aktiekapital og omkostninger forbundet hermed samt optagelse af lån og afdrag på rentebærende gæld.</td></tr><tr><td colspan="1">Likvider omfatter likvide beholdninger med fradrag af kortfristet bankgæld.</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 /><td /><td>Prepayments</td></tr><tr><td /><td /><td>Prepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at cost.</td></tr></table><br><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 /><td /><td>Deferred income</td></tr><tr><td /><td /><td>Deferred income comprises received income for recognition in subsequent financial years. Deferred income is measured at cost.</td></tr><tr><td /><td /><td>Cash flow statement</td></tr><tr><td /><td /><td>The cash flow statement is presented using the indirect method and shows cash flows from operating, investing and financing activities as well as the Company’s cash and cash equivalents at the beginning and the end of the financial year.</td></tr><tr><td /><td /><td>Cash flows from operating activities are calculated as the operating profit/loss adjusted for non-cash operating items, working capital changes and income taxes paid.</td></tr><tr><td /><td /><td>Cash flows from investing activities comprise payments in connection with acquisition and divestment of fixed asset investments as well as purchase and sale of intangible assets and property, plant and equipment.</td></tr><tr><td /><td /><td>Cash flows from financing activities comprise changes in the size or composition of the Company’s share capital and related costs as well as the raising of loans, inception of finance leases, instalments on interest-bearing debt, purchase of treasury shares, and payment of dividends.</td></tr><tr><td /><td /><td>Cash and cash equivalents comprise cash and short-term securities with an insignificant price risk less short-term bank debt.</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">Udbytte</td></tr><tr><td colspan="1">Udbytte indregnes som en gældsforpligtelse på tidspunktet for vedtagelse på generalforsamlingen. Det foreslåede udbytte for regnskabsåret vises som en særskilt post under egenkapitalen.</td></tr><tr><td colspan="1">Andre finansielle forpligtelser</td></tr><tr><td colspan="1">Andre finansielle forpligtelser måles til amortiseret kostpris, der sædvanligvis svarer til nominel værdi.</td></tr><tr><td colspan="1">Anden gæld</td></tr><tr><td colspan="1">Anden gæld indregnet under passiver omfatter skyldig registreringsafgift, hensættelse til netto underkilometer udbetaling, bonus og andre medarbejder relaterede hensættelser mm. Anden gæld måles til forventet kostpris.</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 /><td /><td>Dividends</td></tr><tr><td /><td /><td>Dividends are recognised as a liability at the time of adoption at the general meeting. The proposed dividends for the financial year are disclosed as a separate item in equity.</td></tr><tr><td /><td /><td>Other financial liabilities</td></tr><tr><td /><td /><td>Other financial liabilities are measured at amortised cost which usually corresponds to nominal value.</td></tr><tr><td /><td /><td>Other payables</td></tr><tr><td /><td /><td>Other payables are recognized in the balance sheet and comprise payable registration tax, accrual for net under mileage payout, bonus and other employee related accruals etc. Other payables are measured at expected cost.</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">Ledelsespåtegning</td></tr><tr><td colspan="1">Bestyrelsen og direktionen har dags dato behandlet og godkendt årsrapporten for regnskabsåret 1. januar - 31. december 2022 for NF Fleet A/S.</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 /><td /><td>Statement by Management on the annual report</td></tr><tr><td /><td /><td>The Board of Directors and the Executive Board have today considered and approved the annual report of NF Fleet A/S for the financial year 1 January to 31 December 2022.</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">Årsrapporten aflægges i overensstem­melse med årsregnskabsloven.</td></tr><tr><td colspan="1">Det er vores opfattelse, at årsregnskabet giver et retvisende billede af selskabets aktiver, passiver og finansielle stilling pr. 31. december 2022 samt af resultatet af selskabets aktiviteter og pengestrømme for regnskabsåret 1. januar - 31. december 2022.</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 /><td /><td>The annual report is presented in accordance with the Danish Financial Statements Act.</td></tr><tr><td /><td /><td>In our opinion, the financial statements give a true and fair view of the Company’s financial position at 31 December 2022 and of its financial performance and cash flow for the financial year 1 January to 31 December 2022.</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">Ledelsesberetningen indeholder efter vores opfattelse en retvisende redegørelse for de forhold, beretningen omhandler.</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 /><td /><td>We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.</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">Årsrapporten indstilles til generalforsamlingens god­kendelse.</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 /><td /><td>We recommend the annual report for adoption at the Annual General Meeting.</td></tr></table> Taastrup 2023-06-26 NF Fleet A/S Helgeshøj Alle 34 2630 Taastrup 29185263 Miel Frans Horsten 2023-06-29 <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="5">Hoved- og nøgletal</td></tr><tr><td colspan="5">Selskabet kan beskrives ved følgende hoved- og nøgletal</td></tr><tr><td /><td>DKK mio.</td><td>DKK mio.</td><td>DKK mio.</td><td>DKK mio.</td></tr></table><br><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="4">Forklaring af nøgletal</td></tr><tr><td>Bruttomargin</td><td /><td>=</td><td>Bruttoresultat x 100 / Nettoomsætning</td></tr><tr><td>Overskudsgrad</td><td /><td>=</td><td>Resultat før finansielle poster x 100 / Nettoomsætning</td></tr><tr><td>Afkastningsgrad</td><td /><td>=</td><td>Resultat før finansielle poster x 100 / Samlede aktiver</td></tr><tr><td>Soliditetsgrad</td><td /><td>=</td><td>Egenkapital ultimo x 100 / Samlede aktiver</td></tr><tr><td>Forrentning af egenkapital</td><td /><td>=</td><td>Årets resultat x 100 / Gennemsnitlig egenkapital</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">Financial Highlights</td></tr><tr><td colspan="1">The company can be described by the following financial highlights</td></tr><tr><td colspan="1">Key figures</td></tr><tr><td colspan="1">Profit/(loss)</td></tr></table><br><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="4">Explanation of Ratios</td></tr><tr><td>Gross margin</td><td /><td>=</td><td>Gross profit/(loss) x 100 / Revenue</td></tr><tr><td>Net profit ratio</td><td /><td>=</td><td>Profit/(loss) before financials x 100 / Revenue</td></tr><tr><td>Return on net assets</td><td /><td>=</td><td>Profit(loss) before financials x 100 / Total assets</td></tr><tr><td>Solvency ratio</td><td /><td>=</td><td>Equity at year end x 100 / Total assets</td></tr><tr><td>Return on equity</td><td /><td>=</td><td>Profit of the year x 100 / Average equity</td></tr></table> 516280000 87837000 53733000 5100000 41498000 1023300000 257976000 -321655000 62838000 10 0.17 0.104 0.048 0.092 0.297 428443000 9588000 24516000 658000 5796000 48595000 7097000 -115000000 0 241068000 -21539000 261027000 -3479000 -428000 495142000 173487000 336102000 513941000 115000000 -841000 <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="5" align="left" valign="middle" >noter</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >notes</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Nettoomsætning</b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Revenue</b></td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" align="center" valign="middle" >2022</td><td width="0%" ></td><td width="50%" align="center" valign="middle" >2021</td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" colspan="1" align="center" valign="middle" >t.kr.</td><td width="0%" colspan="1" align="center" valign="middle" ></td><td width="50%" colspan="1" align="center" valign="middle" >t.kr.</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Nettoomsætningens fordeling på markeder</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Segmentation of revenue on geographical area</td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Danmark</td><td width="0%" align="right" valign="middle" ><b>516 280 </b></td><td width="0%" ></td><td width="50%" align="right" valign="middle" ><b>445 456 </b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Denmark</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Nettoomsætningens fordeling på aktiviteter</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Segmentation of revenue on activity</td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Indtægter ved indgåelse af leasingaftaler</td><td width="0%" align="right" valign="middle" >475 656 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" >415 705 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Income from lease agreements</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Nettogevinst ved salg af brugte biler</td><td width="0%" align="right" valign="middle" >40 623 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" >29 751 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Net loss from the sale of used cars</td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" align="right" valign="middle" ><b>516 280 </b></td><td width="0%" ></td><td width="50%" align="right" valign="middle" ><b>445 456 </b></td></tr><tr><td colspan="5"></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 /><td>Finansielle indtægter</td></tr></table> 99000 559000 <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 /><td>Finansielle omkostninger</td></tr></table> 5736000 60000 <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 /><td>Selskabsskat</td></tr></table><br><br><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 /><td>Regulering skat tidligere år</td><td /><td>145</td><td /><td>10</td></tr></table><br><br><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 /><td>Skat af årets resultat fremkommer således</td></tr></table><br><br><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 /><td>Beregnet 22% skat af årets resultat før skat</td><td /><td>10 691</td><td /><td>11 770</td></tr></table><br><br><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 /><td>Afskrivningslovens §5D</td><td /><td>-3.744</td><td /><td>-3.456</td></tr></table><br><br><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 /><td>Regulering skat tidligere år</td><td /><td>145</td><td /><td>10</td></tr></table><br><br><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 /><td>Skatteeffekt af</td></tr></table><br><br><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 /><td>Ikke fradragsberettigede omkostninger i øvrigt</td><td /><td>5</td><td /><td>2</td></tr></table><br><br><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 /><td>Afstemning af årets skat</td><td /><td>0</td><td /><td>-0</td></tr></table> 2860000 4092000 <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 /><td>Resultatdisponering</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="5" align="left" valign="middle" ><b>Materielle anlægsaktiver og varebeholdninger</b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Property, plant and equipment and inventory</b></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Regnskabsårets investeringer i og afskrivninger på materielle anlægsaktiver samt</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >varebeholdninger specificeres således</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Investments in and depreciation of property, plant and equipment and inventory are specified as follows</td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" colspan="1" align="center" valign="middle" >Leasing-aktiver</td><td width="0%" colspan="1" align="center" valign="middle" ></td><td width="50%" colspan="1" align="center" valign="middle" >Vare-beholdninger</td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" colspan="1" align="center" valign="middle" >Lease assets</td><td width="0%" colspan="1" align="center" valign="middle" ></td><td width="50%" colspan="1" align="center" valign="middle" >Inventories</td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" colspan="1" align="center" valign="middle" >t.kr.</td><td width="0%" colspan="1" align="center" valign="middle" ></td><td width="50%" colspan="1" align="center" valign="middle" >t.kr.</td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Kostpris 1. januar 2022</td><td width="0%" align="right" valign="middle" >1 453 465 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" >19 636 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Cost at 1st January 2022</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Tilgang</td><td width="0%" align="right" valign="middle" >495 766 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" >40 391 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Additions</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Afgang</td><td width="0%" align="right" valign="middle" > 0 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" >(393 531)</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Disposals</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Overført i året</td><td width="0%" align="right" valign="middle" >(359 791)</td><td width="0%" ></td><td width="50%" align="right" valign="middle" >359 791 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Transfers</td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" ><b>Kostpris 31. december 2022</b></td><td width="0%" align="right" valign="middle" ><b>1 589 440 </b></td><td width="0%" ></td><td width="50%" align="right" valign="middle" ><b>26 286 </b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Cost at 31. December 2022</b></td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Afskrivninger 1. januar 2022</td><td width="0%" align="right" valign="middle" >529 245 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" > 894 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Depreciation at 1st January 2022</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Af- og nedskrivninger</td><td width="0%" align="right" valign="middle" >259 420 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" > 162 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Depreciation and write down</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Afgang</td><td width="0%" align="right" valign="middle" > 0 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" >(222 508)</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Disposals</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Overført i året</td><td width="0%" align="right" valign="middle" >(222 508)</td><td width="0%" ></td><td width="50%" align="right" valign="middle" >222 508 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Transfers</td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" ><b>Afskrivninger 31. december 2022</b></td><td width="0%" align="right" valign="middle" ><b>566 157 </b></td><td width="0%" ></td><td width="50%" align="right" valign="middle" ><b>1 056 </b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Depreciation at 31. December 2022</b></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Regnskabsmæssig</b></td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" ><b>værdi 31. december 2022</b></td><td width="0%" align="right" valign="middle" ><b>1 023 283 </b></td><td width="0%" ></td><td width="50%" align="right" valign="middle" ><b>25 230 </b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Carrying amount at 31. December 2022</b></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Af- og nedskrivninger på materielle anlægsaktiver er omkostningsført således</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Depreciation and writedown of property, plant and equipment are expensed as follows</td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" align="center" valign="middle" >2022</td><td width="0%" ></td><td width="50%" align="center" valign="middle" >2021</td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" colspan="1" align="center" valign="middle" >t.kr</td><td width="0%" colspan="1" align="center" valign="middle" ></td><td width="50%" colspan="1" align="center" valign="middle" >t.kr.</td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Produktionsomkostninger</td><td width="0%" align="right" valign="middle" >259 420 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" >246 089 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Production costs</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Administrationsomkostninger</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Administrative expenses</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Varelager nedskrivning</td><td width="0%" align="right" valign="middle" > 162 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" > 894 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Stock writedown</td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" align="right" valign="middle" ><b>259 582 </b></td><td width="0%" ></td><td width="50%" align="right" valign="middle" ><b>246 983 </b></td></tr><tr><td colspan="5"></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="1" align="left" valign="middle" ><b>.Selskabskapital</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Share capital</b></td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Selskabskapitalen består af aktier a nominelt DKK 1.000 eller multipla deraf. Ingen aktier er</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >tillagt særlige rettigheder, og der har ikke været bevægelser i aktiekapitalen de seneste 5 år.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The share capital consists of shares of a nominal value of DKK 1.000 or multiples of same. No shares</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >carries any special right, and there has not been any changes to the share capital the latest 5 years.</td></tr><tr><td colspan="1"></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="5" align="left" valign="middle" ><b>Hensættelse til udskudt skat</b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Provision for deferred tax</b></td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" align="center" valign="middle" >2022</td><td width="0%" ></td><td width="50%" align="center" valign="middle" >2021</td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" colspan="1" align="center" valign="middle" >t.kr.</td><td width="0%" colspan="1" align="center" valign="middle" ></td><td width="50%" colspan="1" align="center" valign="middle" >t.kr.</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Hensættelsen til udskudt skat specificeres således</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >The provision for deferred tax is specified as follows</td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Anlægsaktiver m.v.</td><td width="0%" align="right" valign="middle" >33 525 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" >25 833 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Property, plant and equipment</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Tilgodehavender fra salg og tjenesteydelser</td><td width="0%" align="right" valign="middle" >(1 150)</td><td width="0%" ></td><td width="50%" align="right" valign="middle" >( 993)</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Trade receivables</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Periodeafgrænsningsposter</td><td width="0%" align="right" valign="middle" >(16 822)</td><td width="0%" ></td><td width="50%" align="right" valign="middle" >(13 380)</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred income</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Ændring af Afskrivningslovens §5D</td><td width="0%" align="right" valign="middle" > 0 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" > 0 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Change of the Danish Tax Depreciation Law §5D</td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" align="right" valign="middle" ><b>15 552 </b></td><td width="0%" ></td><td width="50%" align="right" valign="middle" ><b>11 460 </b></td></tr><tr><td colspan="5"></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="1" align="left" valign="middle" ><b>.Langfristede gældsforpligtelser</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Long-term debt</b></td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Afdrag, der forfalder inden for 1 år, er opført under kortfristet gæld.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Instalments falling due within 1 year are included in short-term debt.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Hele selskabets langfristede gæld forfalder inden for 5 år.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The Company's entire long-term debt falls due within 5 years.</td></tr><tr><td colspan="1"></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="1" align="left" valign="middle" ><b>Kontraktlige forpligtelser</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Contractual obligations</b></td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Der er ingen kontraktlige forpligtelser pr. 31. december 2022</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The company has no contractuel obligations as pr. 31. December 2022</td></tr><tr><td colspan="1"></td></tr></table><br><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="5" align="left" valign="middle" ><b>Reguleringer (pengestrømsopgørelsen)</b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Adjustments (cash flow statement)</b></td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" align="center" valign="middle" >2022</td><td width="0%" ></td><td width="50%" align="center" valign="middle" >2021</td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" colspan="1" align="center" valign="middle" >t.kr.</td><td width="0%" colspan="1" align="center" valign="middle" ></td><td width="50%" colspan="1" align="center" valign="middle" >t.kr.</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Årets afskrivninger på immaterielle og materielle anlægsaktiver</td><td width="0%" align="right" valign="middle" >225 680 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" >222 099 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >inklusive avance og tab ved salg af anlægsaktiver</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Depreciation of intangible assets and property, plant and equipment</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >for the year including gain and loss on sale of fixed assets</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Finansielle indtægter</td><td width="0%" align="right" valign="middle" > 0 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" >( 3)</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Financial income</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Øvrige driftsposter netto</td><td width="0%" align="right" valign="middle" >8 291 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" >(3 190)</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Other net operating items</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Finansielle omkostninger</td><td width="0%" align="right" valign="middle" > 0 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" > 0 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Financial expenses</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Skat af årets resultat</td><td width="0%" align="right" valign="middle" >7 097 </td><td width="0%" ></td><td width="50%" align="right" valign="middle" >4 982 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Tax on the profit/(loss) for the year</td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" align="right" valign="middle" ><b>241 068 </b></td><td width="0%" ></td><td width="50%" align="right" valign="middle" ><b>223 888 </b></td></tr><tr><td colspan="5"></td></tr></table><br><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="5" align="left" valign="middle" ><b>Ændring i driftskapital (pengestrømsopgørelsen)</b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Change in working capital (cash flow statement)</b></td></tr><tr><td colspan="5"></td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Ændring i varebeholdninger</td><td width="0%" align="right" valign="middle" >(6 650)</td><td width="0%" ></td><td width="50%" align="right" valign="middle" >(5 192)</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Change in inventories</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Ændring i tilgodehavender</td><td width="0%" align="right" valign="middle" >(11 183)</td><td width="0%" ></td><td width="50%" align="right" valign="middle" >26 275 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Change in receivables</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Ændring i leverandører af varer og tjenesteydelser og anden gæld</td><td width="0%" align="right" valign="middle" >(3 706)</td><td width="0%" ></td><td width="50%" align="right" valign="middle" >18 041 </td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Change in trade payables and other payables</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Change in trade payables and other debt</td></tr><tr><td width="50%" ></td><td width="0%" ></td><td width="0%" align="right" valign="middle" ><b>(21 539)</b></td><td width="0%" ></td><td width="50%" align="right" valign="middle" ><b>39 124 </b></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="1" align="left" valign="middle" ><b>Eventualforpligtigelser</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Contingent liabilities</b></td></tr><tr><td colspan="1"></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 /><td>Medarbejderforhold</td></tr></table><br><br><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 /><td>Personaleomkostninger udgør følgende beløb</td></tr></table><br><br><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 /><td>og er omkostningsført under salgs- og distributionsomkostninger.</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 /><td>Løn og gager til direktion og bestyrelse vises ikke jf. Årsregnskabslovens § 98b stk 3.</td></tr></table> 7655000 661000 71000 8387000 <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 /><td>Honorar til generalforsamlingsvalgt revisor</td></tr></table><br><br><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 /><td>Samlet honorar til EY udgør</td></tr></table> 202000 <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="1" align="left" valign="middle" ><b>Nærtstående parter</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Related parties</b></td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Selskabets aktiekapital på TDKK 13.000 ejes 80% af ALD Automotive A/S, Danmark</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >CVR-nr. 87573613 og 20% af Nordea Finans Danmark A/S, Danmark CVR-nr. 89805910</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The company`s sharecapital of TDDK 13,000 is 80% owned by ALD Automotive A/S, Denmark</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >cvr-no. 87573613 and 20% by Nordea Finans Danmark A/S, Denmark CVR-no. 89805910.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Selskabets ultimative moderselskab, som udarbejder koncernårsrapport hvori selskabet indgår</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >som tilknyttet virksomhed, er Société Générale, Frankrig. Der er ikke givet oplysninger</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >vedrørende transaktioner med nærtstående parter ÅRL § 98c</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The company´s ultimate parent company which prepares group annual report in which the company is</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >included as a group company, is Société Générale, France. There isn't any information regarding</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >transactions between group enterprices ÅRL § 98c</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Koncernårsrapporten for det ultimative moderselskab kan rekvireres på følgende adresse</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The group annual report of the ultimate parent company can be obtained at the following address</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Société Générale, Tour Société Générale, 92972 Paris La Defense Cedex, Frankrig</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Société Générale, Tour Société Générale, 92972 Paris La Defense Cedex, France</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Transaktioner</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Transactions</b></td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Selskabet har ingen transaktioner med nærtstående parter, bortset fra koncerninterne trans-</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >aktioner der er elimineret i koncernregnskabet for Société Générale, Frankrig. Der er ikke givet</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >oplysninger vedrørende transaktioner med nærtstående parter ÅRL § 98c</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The company has no transactions with related parties except for intercompany transactions</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >which have been eliminated in the consolidated financial statements of Société Générale, France.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >There isn't any information regarding transactions between group enterprices ÅRL § 98c</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Selskabets mellemregninger med koncernselskaber forrentes på markedsmæssige vilkår.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The companys transactions with group companies carries interest on market terms.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Herudover er der ikke i året løb bortset fra normalt ledelsesvederlag været transaktioner med</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >bestyrelse, direktion, aktionærer og tilknyttede virksomheder, som ikke fremgår af årsrapportens</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >øvrige oplysninger.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Apart from the above, except for normal management remuneration, there have been no transactions</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >with the Supervisory Board, the Executive Board, Shareholders or group enterprises which have</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >not been disclosed in the Annual Report.</td></tr><tr><td colspan="1"></td></tr></table> Årsrapport 30700228 EY Godkendt Revisionspartnerselskab Cortex Park Vest 3 5230 Odense M xWizard version 1.1.1211.0, by EasyX Aps. www.easyx.eu 2021-01-01 2021-12-31 Revisionspåtegning Grundlag for konklusion Konklusion Michael Stig Nielsen Miel Frans Horsten Formand / Chairman Peter Hupfeld Hadrien Georges Claude Boisseau Pekka Tapani Kivinen Ben Lars Göran Lindberg Kristian Arnold Ajanto 445500000 86300000 55900000 2400000 45200000 924200000 301600000 -331400000 34800000 9 0.194 0.125 0.056 0.175 0.26 448500000 85200000 54300000 3000000 40300000 813200000 221100000 -186400000 -43600000 9 0.19 0.121 0.059 0.187 0.232 470800000 84600000 53300000 3600000 38700000 852700000 249000000 -276800000 10100000 10 0.18 0.113 0.057 0.183 0.226 476700000 94400000 65900000 4300000 50200000 766100000 275400000 -215600000 -52700000 9 0.198 0.138 0.077 0.202 0.291 1117959000 103000000 1023283000 1023283000 7537000 7537000 1030820000 25230000 40057000 9024000 12378000 61459000 450000 87139000 13000000 50000000 40000000 15552000 15552000 599906000 85000000 10993000 695899000 0 33682000 120856000 59877000 2860000 30543000 55689000 303508000 999407000 1117959000 450000 1006600000 176500000 917500000 171300000 934400000 171300000 854500000 172300000 - heraf materielle anlægsaktiver -321700000 - heraf materielle anlægsaktiver -331400000 - heraf materielle anlægsaktiver -186400000 - heraf materielle anlægsaktiver -276800000 - heraf materielle anlægsaktiver -215600000 Årets forskydning i likvider -800000 Årets forskydning i likvider 5100000 Årets forskydning i likvider -8900000 Årets forskydning i likvider -17700000 Årets forskydning i likvider 7000000 445456000 359123000 86333000 7763000 22697000 55874000 541000 2914000 53501000 8326000 45175000 223888000 39124000 308188000 -6534000 13000 301641000 474946000 143571000 -331376000 320645000 395431000 40000000 34786000 5051000 149000 392000 2625000 289000 3334000 4982000 6098000 550000 64000 6712000 9 265000 924220000 924220000 10000000 10000000 934220000 18742000 30966000 7403000 13938000 52307000 1291000 72339000 1006559000 13000000 48502000 115000000 176502000 11460000 11460000 483166000 115000000 10531000 608698000 5000 24015000 105065000 311000 3334000 27742000 49428000 209900000 818597000 1006559000 1291000 13000000 48502000 115000000 176502000 1291000 -115000000 0 40000000 0 0 41498000 -40000000 13000000 50000000 40000000 Årets resultat 41498000 Årets resultat 45175000 -3760000 41498000 45175000 EY Godkendt Revisionspartnerselskab 30700228 Thomas Hjortkjær Petersen statsaut. revisor mne33748