Årsrapport34209936Grant Thornton, Statsautoriseret RevisionspartnerselskabStockholmsgade, 452100, København Ø2019-01-012019-12-312020-01-012020-12-3138717405DAP1 ApSGravene1, 3.6100HaderslevGrant Thornton, Statsautoriseret Revisionspartnerselskab34209936Anders Flymer-Dindlerstatsautoriseret revisormne35423Stockholmsgade452100København ØDanmark+45 33 110 220info@dk.gt.com2021-07-15Christopher J. HeckmanRegnskabsklasse BAndre erklæringer uden sikkerhedRevisorgruppen DanmarkanpartshaverneKøbenhavn2021-07-15Haderslev2021-07-15214471-3000214471-30004120214059-3000214059-3000214059-30002506580250658012158103722390372239005000050000143444-70615193444-2061502061512900004979501787952061517879520615372239050000500005000050000-70615-67615214059-3000143444-70615Today, the managing director has presented the annual report of DAP1 ApS for the financial year 1 January - 31 December 2020. The annual report has been presented in accordance with the Danish Financial Statements Act. I consider the accounting policies appropriate and, in my opinion, the financial statements provide a fair presentation of the company’s assets, equity and liabilities, and financial position at 31 December 2020 and of the company’s results of activities in the financial year 1 January – 31 December 2020. The managing director consider the conditions for audit exemption of the 2020 financial statements to be met. I am of the opinion that the management commentary presents a fair account of the issues dealt with. We recommend that the annual report be approved by the general meeting. Christopher J. HeckmanWe have compiled the financial statements of DAP1 ApS for the financial year 1 January - 31 December 2020 based on the company's bookkeeping and on further information provided by you. The financial statements comprise the accounting policies, income statement, statement of financial position, statement of changes in equity and notes. We performed this engagement in accordance with the international standard ISRS 4410 applying to compilation engagements. We have applied our professional expertise to assist you in the preparation and presentation of the financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant requirements of the Danish Act on Approved Auditors and Audit Firms and with ethical requirements of the Danish Institute of State Authorised Public Accountants, including principles of integrity, objectivity, professional competence and due care. The financial statements and the accuracy and completeness of the information used to compile them are your responsibility. As 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 in order to compile the financial statements. Accordingly, we express neither an audit opinion nor a review opinion as to whether the financial statements have been compiled in accordance with the Danish Financial Statements Act. The principal activities of the company Like previous years, the principal activities are consultancy services. Development in activities and financial matters The gross profit for the year totals DKK against DKK last year. Income or loss from ordinary activities after tax totals DKK against DKK last year. Events occurring after the end of the financial year No events after the balance sheet date materially affects the financial statements at 31 December 2020. The annual report for DAP1 ApS has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class B enterprises. Furthermore, the company has decided to comply with certain rules applying to reporting class C enterprises. The accounting policies are unchanged from last year, and the annual report is presented in DKK. Gross profit Gross profit comprises the revenue, changes in inventories of finished goods, and work in progress, work performed for own account and capitalised, other operating income, and external costs. The enterprise will be applying IAS 18 as its basis of interpretation for the recognition of revenue. Revenue comprises the value of services provided during the year, including outlay for customers less VAT and price concessions directly associated with the sale. Revenue is recognised in the income statement on the completion of sales. This is generally considered to be the case when: The service has been provided before the end of the financial year A binding sales agreement exists The sales price has been determined Payment has been received, or is anticipated with a reasonable degree of certainty. This ensures that recognition does not take place until the total income and costs and stage of completion at the reporting date can be reliably validated and it seems probable that the economic benefits, including payments, will flow to the enterprise. 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. Other external costs comprise costs incurred for distribution, sales, advertising, administration, premises, loss on receivables, and operational leasing costs. 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, financial expenses from financial leasing, realised and unrealised capital gains and losses relating to securities, debt and transactions in foreign currency, amortisation of financial assets and liabilities as well as surcharges and reimbursements under the advance tax scheme, etc. Receivables Receivables are measured at amortised cost, which usually corresponds to nominal value. In order to meet expected losses, impairment takes place at the net realisable value. The company has chosen to use IAS 39 as a basis for interpretation when recognising impairment of financial assets, which means that impairments must be made to offset losses where an objective indication is deemed to have occurred that an account receivable or a portfolio of accounts receivable is impaired.If an objective indication shows that an individual account receivable has been impaired, an impairment takes place at individual level. Accounts receivable for which there is no objective indication of impairment at the individual level are evaluated at portfolio level for objective indication of impairment. The portfolios are primarily based on the debtors' domicile and credit rating in accordance with the company's and the group's credit risk management policy. Determination of the objective indicators applied for portfolios are based on experience with historical losses. Impairment losses are calculated as the difference between the carrying amount of accounts receivable and the present value of the expected cash flows, including the realisable value of any securities received. The effective interest rate for the individual account receivable or portfolio is used as the discount rate. Cash on hand and demand deposits Cash on hand and demand deposits comprise cash at bank and on hand. Liabilities other than provisions Other liabilities concerning payables to suppliers, group enterprises, and other payables are measured at amortised cost which usually corresponds to the nominal value. 1. Charges and security The Company has no charges or securities at 31 December 2020. 2. Contingencies Contingent liabilities The Company has no contingent liabilities at 31 December 2020. 387174052020-01-012020-12-31387174052019-01-012019-12-31387174052019-12-31387174052020-12-31387174052020-01-012020-12-311387174052020-01-012020-12-311387174052020-01-012020-12-31e:RetainedEarningsMember387174052019-01-012019-12-31e:RetainedEarningsMember387174052020-01-01e:ContributedCapitalMember387174052020-12-31e:ContributedCapitalMember387174052020-01-01e:RetainedEarningsMember387174052020-01-012020-12-31e:RetainedEarningsMember387174052020-12-31e:RetainedEarningsMember387174052019-01-01e:ContributedCapitalMember387174052019-12-31e:ContributedCapitalMember387174052019-01-01e:RetainedEarningsMember387174052019-01-012019-12-31e:RetainedEarningsMember387174052019-12-31e:RetainedEarningsMemberiso4217:DKK