45279111 2025-01-01 2025-12-31 45279111 2025-01-01 2025-12-31 1 45279111 2025-01-01 2025-12-31 1 45279111 2025-01-01 2025-12-31 1 45279111 2025-01-01 2025-12-31 2 45279111 2024-01-01 2024-12-31 45279111 2025-12-31 45279111 2024-12-31 45279111 2024-12-31 fsa:ContributedCapitalMember 45279111 2024-12-31 fsa:ReserveForDevelopmentExpenditureMember 45279111 2024-12-31 fsa:RetainedEarningsMember 45279111 2025-01-01 2025-12-31 fsa:ContributedCapitalMember 45279111 2025-01-01 2025-12-31 fsa:ReserveForDevelopmentExpenditureMember 45279111 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 45279111 2025-12-31 fsa:ContributedCapitalMember 45279111 2025-12-31 fsa:ReserveForDevelopmentExpenditureMember 45279111 2025-12-31 fsa:RetainedEarningsMember 45279111 2025-01-01 2025-12-31 fsa:ShorttermDeferredIncomeMember iso4217:DKK xbrli:pure Annual report 2026-08-03 Marianne Nymand Esbjerg Brygge 28 6700 Esbjerg The Board of Directors and the Executive Board have today considered and approved the annual report of LL COLD ApS for the financial year 01.01.2025 - 31.12.2025. The annual report is presented in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2025 and of the results of its operations for the financial year 01.01.2025 - 31.12.2025. We believe that the management commentary contains a fair review of the affairs and conditions referred to therein. We recommend the annual report for adoption at the Annual General Meeting. Esbjerg 2026-08-03 Carsten Wolf Annegien Maria Kooij Folkert Bergstra To the shareholders of LL COLD ApS In our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2025, and of the results of the Company’s operations for the financial year 1 January - 31 December 2025 in accordance with the Danish Financial Statements Act. ​ ​We have audited the Financial Statements of LL COLD ApS for the financial year 1 January - 31 December 2025, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies (“the Financial Statements”). We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the “Auditor’s responsibilities for the audit of the Financial Statements” section of our report. We are independent of the Company in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Management is responsible for the management commentary. ​ ​Our opinion on the Financial Statements does not cover management commentary, and we do not express any form of assurance conclusion thereon. ​ ​In connection with our audit of the Financial Statements, our responsibility is to read management commentary and, in doing so, consider whether management commentary is materially inconsistent with the Financial Statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated. ​ ​Moreover, it is our responsibility to consider whether management commentary provides the information required under the Danish Financial Statements Act. Based on the work we have performed, in our view, management commentary is in accordance with the Financial ​Statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in management commentary. 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. ​​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. ​ Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Financial Statements. ​ ​As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: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. ​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. ​Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and ​related disclosures made by Management. ​Conclude on the appropriateness of Management’s use of the going concern basis of accounting in preparing the 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. ​Evaluate the overall presentation, structure and contents of the Financial Statements, including the disclosures, and whether the Financial Statements represent the underlying transactions and events in a manner that gives a true and fair view.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Esbjerg 2026-08-03 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 John Lindvig Christiansen State Authorised Public Accountant mne26846 Financial highlights2025​DKK'0002024​DKK'0002023​DKK'0002022​DKK'0002021​DKK'000Key figuresGross profit/loss78,21247,73278,93377,73283,043Operating profit/loss(14,774)(21,848)10,08627,84342,283Net financials(3,862)(8,003)(9,008)(4,923)(6,762)Profit/loss for the year(15,348)(23,935)1,43617,87829,264Total assets772,251674,688607,404621,011590,150Investments in property, ​plant and equipment417,558136,12031,19241,33335,832Equity326,798269,211293,146291,710273,832Average number of employees89877370244RatiosReturn on equity (%)(5.15)(8.51)0.496.3211.00Equity ratio (%)42.3239.9048.2646.9746.40Financial highlights are defined and calculated in accordance with the current version of "Recommendations & Ratios" issued by the CFA Society Denmark.Return on equity (%) :Profit/loss for the year * 100​Average equityEquity ratio (%) :Equity * 100​Total assets Primary activitiesLL Cold ApS' principal activity consists of running cold and freezer houses for rent within the food industry. During the year, LL Cold transfered some of its handling activity to the subsidirary, LL Cold TRS. Development in activities and financesThe Company's income statement for 2025 shows a loss of DKK 15,348 thousand as against a loss of DKK 23,935 thousand in 2024. Equity in the Company's balance sheet at 31 December 2025 stood at DKK 326,798 thousand as against DKK 269,211 thousand at 31 December 2024. ​​Effective as of January 1, 2025, the Company has merged with its sister entities Lineage Kolding ApS with LL COLD​ApS as the continuing entity. Profit/loss for the year in relation to expected developmentsManagement expected, in last year’s annual report, a profit for the year in the range of DKK 0–20 million. The actual result for the year amounted to a loss of DKK 15.3 million and was therefore significantly below the previously stated expectations. The deviation was primarily driven by increased personnel costs and higher restructuring costs than anticipated, also due to the merger with LL Cold sister company in 2025. OutlookManagement are expecting an increase in gross profit of 1-3%, but due to ongoing restructuring, we expect 2026 result to be in line with 2025. Research and development activitiesCompleted development projects include the development of the Company's ERP system. The system has been put into use and is continuously updated. Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report. 78212000 47732000 134000 196000 91909000 65550000 943000 3834000 -14774000 -21848000 4936000 3242000 8798000 11245000 -18636000 -29851000 -3288000 -5916000 -15348000 -23935000 22955000 30762000 22955000 30762000 414100000 282732000 94413000 74873000 12017000 3696000 11973000 147762000 532503000 509063000 45031000 45031000 75000000 0 113000 113000 120144000 45144000 675602000 584969000 1185000 1059000 1185000 1059000 55892000 63320000 26099000 16061000 3730000 5767000 4137000 2619000 89858000 87767000 5606000 893000 96649000 89719000 772251000 674688000 91500000 91500000 17905000 23994000 217393000 153717000 326798000 269211000 45278000 43582000 45278000 43582000 178969000 178969000 178969000 178969000 13842000 40322000 182001000 122343000 22199000 16673000 3164000 3588000 221206000 182926000 400175000 361895000 772251000 674688000 91500000 37141000 140570000 269211000 0 -13147000 13147000 0 0 0 72935000 72935000 -6089000 6089000 0 -15348000 -15348000 91500000 17905000 217393000 326798000 Effective as of January 1, 2025, the Company has merged with its sister entities Lineage Kolding ApS with LL COLD​ApS as the continuing entity. The effect thereof is included in the statement of equity under the line "Effect of mergers and business combinations". 1 Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report. 2 Staff costs2025​DKK'0002024​DKK'000Wages and salaries67,59550,488Pension costs5,3184,455Other social security costs2,0941,13875,00756,081Average number of full-time employees8987Remuneration​of Management​2025​DKK'000Remunerationof ​Management2024​DKK'000Total amount for management categories2,4593,0822,4593,082Staff costs are included under administrative expenses. 89 87 Remuneration​of Management​2025​DKK'000Remunerationof ​Management2024​DKK'000Total amount for management categories2,4593,0822,4593,082 2459000 3082000 3 Other financial income2025​DKK'0002024​DKK'000Financial income from group enterprises1,618170Other financial income3,3183,0724,9363,242 4 Other financial expenses2025​DKK'0002024​DKK'000Financial expenses from group enterprises8,33910,659Other financial expenses4595868,79811,245 5 Proposed distribution of profit and loss2025​DKK'0002024​DKK'000Retained earnings(15,348)(23,935)(15,348)(23,935) -15348000 -23935000 -15348000 -23935000 6 Intangible assetsCompleted development projects​DKK'000Cost beginning of year75,234Transfers15Cost end of year75,249Amortisation and impairment losses beginning of year(44,472)Transfers(16)Amortisation for the year(7,806)Amortisation and impairment losses end of year(52,294)Carrying amount end of year22,955Completed development projects ​Completed development projects primarily include the development of the Company's ERP system. The system has been put into use and is continuously updated. 7 Property, plant and equipmentLand and buildings​DKK'000Plant and machinery​DKK'000Other fixtures and fittings, tools and equipment​DKK'000Property, plant and equipment in progress​DKK'000Cost beginning of year555,237250,940115,361147,762Addition through business combinations etc122,203056,7190Transfers25,27158,908(84,194)0Additions119,14947,75111,45741,768Disposals(55)(16,523)0(177,557)Cost end of year821,805341,07699,34311,973Depreciation and impairment losses beginning of year(272,505)(176,067)(111,665)0Addition through business combinations etc(91,859)0(56,719)0Transfers(25,271)(58,904)84,1910Depreciation for the year(18,088)(11,834)(3,133)0Reversal regarding disposals1814200Depreciation and impairment losses end of​year(407,705)(246,663)(87,326)0Carrying amount end of year414,10094,41312,01711,973Interest recognised for the year3,313 8 Financial assetsInvestments in group enterprises​DKK'000Receivables from group enterprises​DKK'000Other investments​DKK'000Cost beginning of year45,0400131Additions075,0000Cost end of year45,04075,000131Impairment losses beginning of year(9)0(18)Impairment losses end of year(9)0(18)Carrying amount end of year45,03175,000113Investments in subsidiariesRegistered inEquity​interest​%Equity​DKK'000Profit/loss​DKK'000LL Cold TRS ApSEsbjerg100.0013,9464,174 9 PrepaymentsPrepayments primarily include prepaid insurance premiums, accrual of customer agreements, space rent and IT costs. 10 Deferred tax​​Changes during the year2025​DKK'0002024​DKK'000Beginning of year43,58249,371Recognised in the income statement(2,863)(5,789)Addition through business combinations etc4,5590End of year45,27843,582 11 Non-current liabilities other than provisionsDue after more than 12 months​2025​DKK'000Payables to group enterprises178,969178,969 12 Payables to group enterprisesCash pool accounts are legally owned by Lineage Treasury Europe B.V. The accounts are therefore considered balances with related parties. In the balance sheet the cash pool accounts are recognised under receivables and payables to affiliated companies as part of assets and liabilities, respectively. 13 Deferred incomeDeferred income comprise payments received from customers that cannot be recognised until the subsequent financial year. 14 Other unrecognised commitmentsUnrecognised rental and lease commitments2025​DKK'0002024​DKK'000Liabilities under rental or lease agreements until maturity in total5731,702The notice period is 3 months unless otherwise stated in the contract, cf. §11 in the General Provisions for the Lease of Spaces at State Ports.Upon the expiry of the lease agreement for land, the Company has, under certain conditions, an obligation to hand over the leased item in the same condition as when entering into the lease agreement, which is not recognised in the financial statements. 15 Contingent liabilitiesThe Entity participates in a Danish joint taxation arrangement where Lineage Danish Bidco 5 ApS serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is ​therefore liable for income taxes etc. for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements. 16 Non-arm’s length related party transactionsIn accordance with section 98 c(7) of the Danish Financial Statements Act, the Company has not disclosed any related party transactions as they were conducted on an arm's length basis. 17 Group relationsName and registered office of the Parent preparing consolidated financial statements for the largest and smallest ​group: ​Lineage, Inc, Michigan, USA This annual report has been prepared in accordance with the provisions of the Danish Financial Statements Act governing reporting class C enterprises (medium).The accounting policies applied to these financial statements are consistent with those applied last year. Consolidated financial statementsReferring to section 112(2) of the Danish Financial Statements Act, no consolidated financial statements have been prepared. Non-comparabilitySince the company has merged with sister companies with accounting effect as of 01.01.2025 using book value method without restating the comparative figures, the comparative figures are not comparable. Material errors in previous yearsThe company has during the financial year made a reclassification between “Reserves for development expenditure” and “Retained earnings” regarding 2024 of TDKK 13.147. The comparative figures have been adjusted. The correction does not affect the year’s result equity or the financial position Recognition and measurementAssets 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 Entity, and the value of the asset can be measured reliably. ​​Liabilities are recognised in the balance sheet when the Entity 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 Entity, and the ​value of the liability can be measured reliably. ​​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. ​​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. ​​Income is recognised in the income statement when earned, whereas costs are recognised by the amounts ​attributable to this financial year. Business combinationsNewly acquired or newly established enterprises are recognised in the financial statements from the time ​of acquiring or establishing such enterprises. Divested or wound-up enterprises are recognised in the income ​statement up to the time of their divestment or winding-up. ​​The purchase method is applied at the acquisition of new enterprises, under which identifiable assets and ​liabilities of these enterprises are measured at fair value at the acquisition date. Provisions for costs of restructuring of the enterprise acquired are only made in so far as such restructuring was decided by the ​enterprise acquired prior to acquisition. Allowance is made for the tax effect of restatements.The book value method is applied on mergers, where the enterprises concerned are controlled by the Parent. Under the book value method, the acquiree’s assets and liabilities are recognised at their carrying amounts, adjusted for any differences in accounting policies. The difference between the consideration agreed and the carrying amount of the acquiree is recognised in equity. The comparative figures are not restated. Gross profit or lossGross profit or loss comprises revenue, production costs and other operating income. RevenueRevenue from the sale of services is recognised as the services are provided, and revenue from rent is ​recognised on a straight-line basis in the income statement. Revenue is measured at the fair value of the ​agreed consideration excluding VAT and taxes charged on behalf of third parties. All discounts granted are ​recognised in revenue. Production costsProduction costs comprise costs, including depreciation, amortisation, wages and salaries, incurred to ​generate revenue for the year. Commercial entities recognise their cost of sales, whereas production entities ​recognise production costs incurred to generate revenue for the year. Such costs include direct and indirect ​costs for raw materials and consumables, wages and salaries, rent and leases and depreciation of production ​plant. ​​Production costs also comprise research and development costs that do not qualify for capitalisation and ​amortisation of capitalised development costs. ​​In addition, provisions for bad debts on contract work are recognised. Distribution costsDistribution costs comprise costs incurred to distribute goods sold during the year and to conduct sales ​campaigns, etc., including costs relating to sales staff, advertising and exhibitions as well as depreciation. Administrative expensesAdministrative expenses comprise expenses incurred during the year for management and administration of ​the Group, including expenses for administrative staff, Management, office premises, office expenses and ​depreciation. Other operating incomeOther operating income comprises items secondary to the activities of the entity, including gains on the ​disposal of intangible assets and property, plant and equipment as well as payroll refunds. Other operating expensesOther operating costs comprise items secondary to the activities of the entities, including losses on the ​disposal of intangible assets and property, plant and equipment. Other financial incomeOther financial income comprises dividends etc received on other investments, interest income, including ​interest income on receivables from group enterprises, net capital or exchange gains on securities, payables ​and transactions in foreign currencies, amortisation of financial assets, and tax relief under the Danish ​Tax Prepayment Scheme etc. Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group ​enterprises, net capital or exchange losses on securities, payables and transactions in foreign currencies, ​amortisation of financial liabilities, and tax surcharge under the Danish Tax Prepayment Scheme etc. Tax on profit/loss for the yearThe Parent Company is subject to the Danish rules on compulsory joint taxation of the Group's Danish ​subsidiaries. The subsidiaries are included in the joint taxation from the date when they are included in the ​consolidated financial statements and up to the date when they are excluded from the consolidation. ​​The Parent Company is the administrative company for the joint taxation and accordingly settles all payments ​of corporation tax to the tax authorities. ​​On payment of joint taxation contributions, current Danish corporation tax is allocated between the jointly ​taxed entities in proportion to their taxable income. Entities with tax losses receive joint taxation contributions ​from entities that have used the losses to reduce their own taxable profit. ​​Tax for the year comprises current corporation tax for the year and changes in deferred tax, including ​changes in tax rates. The tax expense relating to the profit/loss for the year is recognised in the income ​statement, and the tax expense relating to amounts directly recognised in equity is recognised directly in ​equity. Intellectual property rights etcIntellectual property rights etc comprise of development projects completed.Development projects on clearly defined and identifiable products and processes, for which the technical rate ​of utilisation, adequate resources and a potential future market or development opportunity in the enterprise ​can be established, and where the intention is to manufacture, market or apply the product or process in question, are recognised as intangible assets. Other development costs are recognised as costs in the income ​statement as incurred. When recognising development projects as intangible assets, an amount equalling ​the costs incurred less deferred tax is taken to equity in the reserve for development costs that is reduced ​as the development projects are amortised and written down.​​ ​Completed development projects are amortised on a straight-line basis using their estimated useful lives ​which are determined based on a specific assessment of each development project. If the useful life cannot ​be estimated reliably, it is fixed at 10 years. For development projects protected by intellectual property rights, the maximum period of amortisation is the remaining duration of the relevant rights. The amortisation periods used are 5-10 years. ​ ​Intellectual property rights etc are written down to the lower of recoverable amount and carrying amount. Property, plant and equipmentLand and buildings, plant and machinery and fixtures and fittings, tools and equipment are measured at cost ​less accumulated depreciation and impairment losses. ​​Cost comprises the purchase price and any costs directly attributable to the acquisition until the date on which ​the asset is available for use. Indirect production overheads and borrowing costs are recognised in cost. ​Where individual components of an item of property, plant and equipment have different useful lives, they are ​accounted for as separate items, which are depreciated separately. ​​The basis of depreciation is cost less any projected residual value after the end of the useful life. Depreciation ​is provided on a straight-line basis over the estimated useful life. The estimated useful lives are as follows:Useful life Buildings40 yearsPlant and machinery5-15 yearsOther fixtures and fittings, tools and equipment3-10 yearsThe useful life and residual value are reassessed annually. Changes are treated as accounting estimates, ​and the effect on depreciation is recognised prospectively. ​​Land is not depreciated. ​​Fixed assets under construction are recognised and measured at cost at the balance sheet date. Upon entry ​into service, the cost is transferred to the relevant group of property, plant and equipment. ​​Gains and losses on the disposal of property, plant and equipment are stated as the difference between the ​selling price less selling costs and the carrying amount at the date of disposal. Gains and losses are ​recognised in the income statement as other operating income or other operating costs, respectively..​​Impairment of fixed assets​The carrying amount of intangible assets and property, plant and equipment as well as equity investments in ​group entities and participating interests (including associates) is subject to an annual test for indications of ​impairment other than the decrease in value reflected by depreciation or amortisation. ​​Impairment tests are conducted of individual assets or groups of assets when there is an indication that they ​may be impaired. Write-down is made to the recoverable amount if this is lower than the carrying amount. Investments in group enterprisesInvestments in group enterprises are measured at cost. Investments are written down to the lower of recoverable​amount and carrying amount. ReceivablesReceivables are measured at amortised cost, usually equalling nominal value, less writedowns for bad and ​doubtful debts. Other investmentsOther investments comprise listed securities which are measured at fair value (market price) at the balance ​sheet date, and unlisted equity investments measured at the lower of cost and net realisable value. InventoriesInventories are measured at cost in accordance with the FIFO method. Where the net realisable value is ​lower than cost, inventories are written down to this lower value. ​​Goods for resale and raw materials and consumables are measured at cost, comprising purchase price plus ​delivery costs. ​​The net realisable value of inventories is calculated as the sales amount less costs of completion and costs ​necessary to make the sale and is determined taking into account marketability, obsolescence and ​development in expected selling price. PrepaymentsPrepayments comprise prepayment of costs incurred relating to subsequent financial years. CashCash comprises cash in hand and bank deposits. Deferred taxCurrent tax payable and receivable is recognised in the balance sheet as tax computed on the taxable ​income for the year, adjusted for tax on the taxable income of prior years and for tax paid on account. ​​Deferred tax is measured using the balance sheet liability method on all temporary differences between the ​carrying amount and the tax value of assets and liabilities measured on the planned use of the asset or ​settlement of the liability, respectively. However, deferred tax is not recognised on temporary differences ​relating to office buildings non-deductible for tax purposes and other items where temporary differences arise ​at the date of acquisition without affecting either profit/loss or taxable income. ​​Deferred tax assets, including the tax value of tax loss carryforwards, are recognised at the expected value of ​their utilisation within the foreseeable future; either as a set-off against tax on future income or as a set-off ​against deferred tax liabilities in the same legal tax entity. Any deferred net assets are measured at net ​realisable value.​​Deferred tax is measured in accordance with the tax rules and at the tax rates applicable at the balance sheet ​date when the deferred tax is expected to crystallise as current tax. Changes in deferred tax as a result of ​changes in tax rates are recognised in the income statement or equity, respectively. Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value. Deferred incomeDeferred income comprises advance invoicing regarding income in subsequent years. Cash flow statementReferring to section 86(4) of the Danish Financial Statements Act, the Entity has prepared no cash flow statement as such statement is included in the consolidated cash flow statement of Lineage, Inc. true Grundlag for konklusion Konklusion Regnskabsklasse C, mellemstor virksomhed 2024-01-01 2024-12-31 Esbjerg Esbjerg 6700 Revisionspåtegning 2025-12-31 2025-01-01 28 Esbjerg Brygge LL COLD ApS 45279111 33963556 2300 København S Weidekampsgade 6 Deloitte Statsautoriseret Revisionspartnerselskab