Årsrapport34209936Grant Thornton, Godkendt RevisionspartnerselskabStockholmsgade, 452100, København Ø2022-07-082023-12-3143401572DMC Production ApSTrekronergade126G2500ValbyGrant Thornton, Godkendt Revisionspartnerselskab34209936Jannik Lehmann Laustenstatsautoriseret revisormne47799Stockholmsgade452100København ØDanmark+45 33 110 220info@dk.gt.com2024-06-14Anders Christian Aagaard AntonsenRegnskabsklasse BAndre erklæringer uden sikkerhedCaseWare fra Revisorgruppen DanmarkanpartshaverneKøbenhavn2024-06-14Valby2024-06-14-1829869156216-198608521580338299-2302804-2302804-2302804364250364250427841742784174642667153406335260918866729966434118531061649577304000023756132415613752823130918682354691408016014080160164957731503168525048156216131798420315338299Today, the Board of Directors and the Managing Director have approved the annual report of DMC Production ApS for the financial year 8 July 2022 - 31 December 2023. The annual report has been prepared in accordance with the Danish Financial Statements Act. We consider the chosen accounting policy to be appropriate, and in our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2023 and of the results of the Company's operations for the financial year 8 July 2022 – 31 December 2023. The Board of Directors and the Managing Director consider the conditions for audit exemption of the 2022/23 financial statements to be met. Further, in our opinion, the Management's review gives a true and fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the Annual General Meeting. Anders Christian Aagaard AntonsenUlf Daniel FranckPer Jonas PerssonJohan Stefan Gudmund HedblomWe have compiled the financial statements of DMC Production ApS for the financial year 8 July 2022 - 31 December 2023 based on the company's bookkeeping and on information you have provided. These financial statements comprise a summary of significant accounting policies, income statement, balance sheet and notes. We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), Compilation Engagements. We have applied our expertise in accounting and financial reporting to assist Management in the preparation and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant requirements under the Danish Act on Approved Auditors and Audit Firms and International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) including principles of integrity, objectivity, professional competence and due care. These financial statements and the accuracy and completeness of the information used to compile them are your responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with the Danish Financial Statements Act. Description of key activities of the company The purpose of the company is to produce and distribute sports entertainment and other business that, at the discretion of the board, is connected to this. Business operation during 2022-2023 have been mainly focused on providing TV production services to Danmarks Ishockey Union and their customer TV2. During the year DMC Production APS worked towards an agreement with the Danish League to provide tv production services for football and VAR. This resulted in the joint venture known as Matchday Production A/S where DMC Production APS is a majority shareholder with 51% stake. During 2024 DMC Production APS will act as holding company and all production services will be managed through Matchday Production A/S. Matchday Production A/S will go live with production services for Superliga at the beginning of Q3 2024. Matchday is currently building out the production facilities Development in activities and financial matters The gross loss for the year totals DKK -1.830 thousand. Income or loss from ordinary activities after tax totals DKK -2.303 thousand. Management considers the net loss for the year as expected. Management expects a result for 2024 that is better or at the same level as 2022/23. The annual report for DMC Production ApS has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class B enterprises. The annual report is presented in DKK. The annual report comprises the first financial year and hence comparative figures are not available. Gross loss Gross loss comprises the revenue, changes in inventories of finished goods, and work in progress, own work capitalised, other operating income, and external costs. Revenue is recognised in the income statement if delivery and passing of risk to the buyer have taken place before the end of the year and if the income can be determined reliably and inflow is anticipated. Revenue is measured at the fair value of the consideration promised exclusive of VAT and taxes and less any discounts relating directly to sales. Cost of sales comprises costs concerning purchase directly associated to the income. Other operating income comprises items of a secondary nature as regards the principal activities of the enterprise, including profit from the disposal of intangible and tangible assets, operating loss and conflict compensation as well as salary reimbursements received. Other external expenses comprise expenses incurred for distribution, sales, advertising, administration, premises, loss on receivables, and operational leasing costs. Staff costs Staff costs include salaries and wages, including holiday allowances, pensions, and other social security costs, etc., for staff members. Financial income and expenses Financial income and expenses are recognised in the income statement with the amounts concerning the financial year. Financial income and expenses comprise interest income and expenses. Property, plant, and equipment Property, plant, and equipment are measured at cost less accrued depreciation and write-down for impairment. The depreciable amount is cost less any expected residual value after the end of the useful life of the asset. The amortisation period and the residual value are determined at the acquisition date and reassessed annually. If the residual value exceeds the carrying amount, the depreciation is discontinued. The cost comprises acquisition cost and costs directly associated with the acquisition until the time when the asset is ready for use. Depreciation is done on a straight-line basis according to an assessment of the expected useful life: Other fixtures and fittings, tools and equipment Useful life 3-5 years Minor assets with an expected useful life of less than 1 year are recognised as costs in the income statement in the year of acquisition. Property, plant, and equipment in progress Property, plant, and equipment in progress are measured and recognised as the total costs incurred. When the work has been completed, the total value is transferred to the relevant item under property, plant, and equipment and is amortised from the date of entry into service. Investments in group enterprises Investments in group enterprises are recognised and measured at cost. If the recoverable amount is lower than the cost price, it shall be written down for impairment to this lower value. Receivables Receivables are measured at amortised cost, which usually corresponds to nominal value. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand. Liabilities other than provisions Liabilities other than provisions relating to investment properties are measured at amortised cost. Other liabilities concerning payables to suppliers, group enterprises, and other payables are measured at amortised cost which usually corresponds to the nominal value. 3. Related parties Controlling interest DMC International AB, Sweden Majority shareholder Consolidated financial statements The company is included in the consolidated financial statements for DMC International AB, 559426-7196, Sweden, which is the smallest group where the company is included. 434015722022-07-082023-12-31434015722023-12-31434015722022-07-082023-12-311434015722022-07-082023-12-312434015722022-07-082023-12-313434015722022-07-082023-12-311434015722022-07-082023-12-311iso4217:DKKxbrli:pure