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19398803 2025-01-01 2025-12-31 c:ConsolidatedMember d:DepositsLongtermInvestmentsAndReceivablesMember 19398803 2025-12-31 c:ConsolidatedMember d:DepositsLongtermInvestmentsAndReceivablesMember 19398803 2025-12-31 c:ConsolidatedMember 1 19398803 2025-01-01 19398803 2024-01-01 iso4217:DKK xbrli:pure xbrli:shares Årsrapport Finn Kjærgaard Regnskabsklasse C, mellemstor virksomhed Revisionspåtegning 2026-06-15 Opinion Beierholm Langagervej 1 9220 Aalborg Ø Konklusion Grundlag for konklusion Basis for Opinion 2026-06-15 2024-01-01 2024-12-31 2025-01-01 Toldboden 2025-12-31 19398803 32895468 TRIMIT Group A/S 1, 6. sal 8800 Viborg Viborg Beierholm Resenvej 81 7800 Skive Danmark true Vi har dags dato aflagt års­rap­por­ten for regn­skabs­året 01.01.25 - 31.12.25 for TRIMIT Group A/S. We have on this day presented the annual report for the financial year 01.01.25 - 31.12.25 for TRIMIT Group A/S. Årsrapporten aflægges i over­ens­stem­mel­se med års­regn­skabs­loven. The annual report is presented in accordance with the Danish Finan­cial Sta­te­ments Act. Det er vores opfattelse, at koncern­regn­ska­bet og års­regn­ska­bet giver et ret­vi­sen­de bil­lede af kon­cer­nens og moder­virk­som­he­dens ak­ti­ver, pas­si­ver og fi­nan­siel­le stil­ling pr. 31.12.25 og resul­ta­tet af kon­cer­nens og mo­der­virk­som­he­dens ak­ti­vi­teter samt af kon­cer­nens penge­strøm­me for regn­skabs­året 01.01.25 - 31.12.25. In our opinion, the consolidated financial sta­te­ments and financial statements give a true and fair view of the group's and the parent's assets, lia­bilities and financial position as at 31.12.25 and of the results of the group’s and parent’s ac­ti­vities and of the group's cash flows for the financial year 01.01.25 - 31.12.25. Ledelsesberetningen indeholder efter vores op­fat­telse en ret­vi­sende rede­gø­rel­se for de for­hold, be­ret­nin­gen om­hand­ler. We believe that the management's review includes a fair review of the matters dealt with in the management's review. Årsrapporten indstilles til general­for­sam­lin­gens god­ken­delse. The annual report is submitted for adoption by the general meeting. Viborg 2026-06-15 Carsten Hedemann, Adm. direktør Finn Kjærgaard Formand / Chairman Richard Munkerod Kronika Postborg Johnny Martin Madsen Anders Madsen Til kapitalejerne i TRIMIT Group A/S To the shareholders of TRIMIT Group A/S Det er vores opfattelse, at kon­cern­regn­ska­bet og års­regn­ska­bet giver et ret­visende bil­le­de af kon­cer­nens og sel­ska­bets akti­ver, pas­si­ver og finan­sielle stilling pr. 31.12.25 samt af resul­ta­tet af kon­cer­nens og sel­ska­bets ak­ti­viteter samt pen­ge­strøm­me for kon­cer­nen for regn­skabs­året 01.01.25 - 31.12.25 i over­ens­stem­mel­se med års­regn­skabs­loven. In our opinion the con­so­li­da­ted fi­nan­cial sta­te­ments and fi­nan­cial sta­te­ments give a true and fair view of the group's and the com­pa­ny's finan­cial posi­tion at 31.12.25 and of the results of the group's and the com­pa­ny's ope­ra­tions and con­solidated cash flows for the finan­cial year 01.01.25 - 31.12.25 in ac­cor­dan­ce with the Danish Finan­cial Sta­te­ments Act. 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 koncern­regn­ska­bet og års­regn­ska­bet”. Vi er uafhængige af kon­cer­nen og sel­ska­bet i overensstemmelse med International Ethics Standards Board for Accountants’ internationale retningslinjer for revisorers etiske adfærd (IESBA Code) og de yderligere etiske krav, der er gældende i Danmark, ligesom vi har opfyldt vores øvrige etiske forpligtelser i henhold til disse krav og IESBA Code. Det er vores op­fat­tel­se, at det op­nå­ede revi­sions­bevis er til­stræk­ke­ligt og egnet som grund­lag for vores kon­klu­sion. 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 con­so­li­da­ted fi­nan­cial sta­te­ments and fi­nan­cial sta­te­ments” section of our report. We are independent of the group and the company in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Ledelsen er ansvarlig for ledel­ses­be­ret­nin­gen.Vores konklusion om kon­cern­regn­ska­bet og års­regn­ska­bet omfat­ter ikke ledelsesberetningen, og vi ud­tryk­ker ingen form for konklusion med sikker­hed om ledel­ses­beret­ningen.I tilknytning til vores revision af kon­cern­regn­ska­bet og års­regn­ska­bet er det vores ansvar at læse ledel­ses­be­ret­nin­gen og i den forbindelse overveje, om ledel­ses­be­ret­nin­gen er væsentligt in­kon­sis­tent med kon­cern­regn­ska­bet eller års­regn­ska­bet eller vores viden opnået ved revisionen eller på anden måde synes at indeholde væsentlig fejl­in­for­ma­tion.Vores ansvar er derudover at overveje, om ledel­ses­be­ret­nin­gen indeholder krævede op­lys­ninger i henhold til års­regn­skabs­loven.Baseret på det udførte arbejde er det vores opfattelse, at ledelsesberetningen er i over­ens­stemmelse med kon­cern­regn­ska­bet og års­regn­ska­bet og er ud­ar­bej­det i over­ens­stem­melse med års­regn­skabs­lovens krav. Vi har ikke fundet væ­sentlig fejlinformation i ledel­ses­be­ret­nin­gen. Management is responsible for the mana­ge­ment’s review.Our opinion on the con­so­li­da­ted fi­nan­cial sta­te­ments and fi­nan­cial sta­te­ments does not cover the management’s review, and we do not express any form of assurance con­clu­sion thereon. In connection with our audit of the con­so­li­da­ted fi­nan­cial sta­te­ments and fi­nan­cial sta­te­ments, it is our responsibility is to read mana­gement’s review and, in doing so, con­sider whether management’s review is mate­rially in­con­sistent with the con­so­li­da­ted fi­nan­cial sta­te­ments or pa­rent com­pa­ny fi­nan­cial sta­te­ments or our know­ledge obtained during the audit, or other­wise appears to be mate­rially misstated.Moreover, it is our responsibility to consider whether management’s review provides the infor­mation required under the Danish Financial Statements Act.Based on the work we have performed, we conclude that the management’s review is in accordance with the con­so­li­da­ted fi­nan­cial sta­te­ments and fi­nan­cial sta­te­ments and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement of the management’s review. Ledelsen har ansvaret for udarbejdelsen af et kon­cern­regn­skab og 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 kon­cern­regn­skab og et års­regn­skab uden væsent­lig fejl­in­for­ma­tion, uanset om den­ne skyl­des besvi­gelser eller fejl.Ved udarbejdelsen af kon­cern­regn­ska­bet og års­regn­ska­bet er ledel­sen ansvarlig for at vurdere kon­cer­nens og sel­ska­bets evne til at fortsætte driften, at oplyse om for­hold ved­rø­ren­de fortsat drift, hvor dette er rele­vant, samt at udarbejde kon­cern­regn­ska­bet og års­regn­ska­bet på grund­lag af regn­skabs­prin­cip­pet om fort­sat drift, medmindre le­del­sen enten har til hen­sigt at likvidere kon­cer­nen og sel­ska­bet, indstille drif­ten eller ikke har andet rea­listisk alter­na­tiv end at gøre dette. Management is responsible for the pre­pa­ra­tion of con­so­li­da­ted fi­nan­cial sta­te­ments and 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 con­so­li­da­ted fi­nan­cial sta­te­ments and fi­nan­cial sta­te­ments that are free from material misstatement, whether due to fraud or error.In preparing the con­so­li­da­ted fi­nan­cial sta­te­ments and fi­nan­cial sta­te­ments, mana­ge­ment is responsible for assessing the group's and 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 con­so­li­da­ted fi­nan­cial sta­te­ments and fi­nan­cial sta­te­ments unless mana­ge­ment either intends to liquidate the group and the company or to cease operations, or has no rea­listic alternative but to do so. Vores mål er at opnå høj grad af sikkerhed for, om kon­cern­regn­ska­bet og 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 kon­cern­regn­ska­bet og års­regn­ska­bet.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: • Identificerer og vurderer vi risikoen for væsentlig fejlinformation i kon­cern­regn­ska­bet og 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.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 kon­cer­nens og sel­ska­bets interne kon­trol.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.Konkluderer vi, om ledelsens udar­bej­del­se af kon­cern­regn­ska­bet og 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 kon­cer­nens og 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 kon­cern­regn­ska­bet og års­regn­ska­bet eller, hvis sådanne oplys­ninger ikke er til­stræk­kelige, modi­fi­cere vores konklusion. Vores kon­klu­sio­ner er baseret på det revisions­bevis, der er opnået frem til datoen for vores revi­sions­påtegning. Frem­tidige begi­ven­heder eller for­hold kan dog med­føre, at kon­cer­nen og sel­ska­bet ikke læn­gere kan fortsætte driften.• Tager vi stilling til den samlede præ­sen­ta­tion, struktur og indhold af kon­cern­regn­ska­bet og års­regn­ska­bet, her­under note­op­lys­nin­ger­ne, samt om kon­cern­regn­ska­bet og års­regn­ska­bbet afspejler de under­lig­gen­de trans­aktio­ner og begivenheder på en sådan måde, at der gives et ret­vi­sende billede heraf.Planlægger og udfører vi koncernrevisionen for at opnå tilstrækkeligt og egnet revisionsbevis vedrørende de finansielle oplysninger for virksomhederne eller forretningsenhederne i koncernen som grundlag for at udforme en konklusion om koncernregnskabet og års­regn­ska­bet. Vi er ansvarlige for at lede, føre tilsyn med og gennemgå det udførte revisionsarbejde til brug for koncernrevisionen. Vi er eneansvarlige for vores revisionskonklusion.Vi kommunikerer med den øverste ledelse om blandt andet 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. Our objectives are to obtain reasonable as­surance about whether the con­so­li­da­ted fi­nan­cial sta­te­ments and 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 con­so­li­da­ted fi­nan­cial sta­te­ments and fi­nan­cial sta­te­ments.As part of an audit conducted in accordance with ISAs and the additional requirements applic­able in Denmark, we exercise pro­fes­sional judgment and maintain professional scepticism through­out the audit. We also: • Identify and assess the risks of material misstatement of the con­so­li­da­ted fi­nan­cial sta­te­ments and 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, orthe override of internal control.Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appro­priate in the cir­cum­stances, but not for the purpose of expres­sing an opinion on the effectiveness of the group's and the com­pa­ny's inter­nal control.Evaluate the appropriateness of accoun­ting policies used and the reason­able­ness of accounting estimates and related disclosures made by management.Conclude on the appropriateness of manage­ment’s use of the going concern basis of accoun­ting in preparing the con­so­li­da­ted fi­nan­cial sta­te­ments and fi­nan­cial sta­te­ments and, based on the audit evidence obtained, whether a mate­rial uncertainty exists related to events or conditions that may cast signi­ficant doubt on the group's and the com­pa­ny's ability to con­tinue as a going concern. If we con­clude that a material uncertainty exists, we are required to draw attention in our audi­tor’s report to the related disclosures in the con­so­li­da­ted fi­nan­cial sta­te­ments and fi­nan­cial sta­te­ments or, if such dis­closures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the group and the company to cease to continue as a going concern.• Evaluate the overall presentation, structure and contents of the con­so­li­da­ted fi­nan­cial sta­te­ments and fi­nan­cial sta­te­ments, including the disclosures, and whether thecon­so­li­da­ted fi­nan­cial sta­te­ments and fi­nan­cial sta­te­ments repre­sent the underlying transactions and events in a manner that gives a true and fair view.Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the financial information of the entities or business units within the group as a basis for expressing an opinion on the consolidated financial statements and fi­nan­cial sta­te­ments. We are responsible for the direction, supervision and review of the audit work performed for purposes of the group audit. We remain solely responsible for our audit opinion.We communicate with those charged with gover­nance regarding, among other mat­ters, the planned scope and timing of the audit and significant audit findings, inclu­ding any significant deficiencies in internal control that we identify during our audit. Skive Martin Olesen Furbo Statsaut. revisor mne32204 1531000 -327000 4152000 -415000 -205000 -229000 755000 -511000 3987000 53864000 55141000 49433000 1710000 816000 1215000 703000 512000 15694000 15749000 15400000 Væsentligste aktiviteterHoldingselskabet TRIMIT Group A/S, hvis datterselskaber TRIMIT Solutions A/S og TRIMIT DK A/S, sidstnævnte med tilhørende datterselskaber, har drevet den operationelle aktivitet i koncernen.Datterselskabet TRIMIT Solutions A/S fremstår som Microsoft ISV Partner (Independent Software Vendor), mens TRIMIT DK A/S med datterselskaber fremstår som Microsoft VAR Partnere (Value Added Reseller).Produkterne som indgår i TRIMIT-løsningen er alle baseret på nyeste ajourførte Cloud-baseret Microsoft teknologi, mens TRIMIT-løsningen er tilgængelig som en app fra Microsoft AppSource. TRIMIT-løsningen er som noget unikt i markedet en multi-vertikal løsning, til følgende brancher: Fashion & Apparel – til virksomheder, der enten forhandler eller producerer tøj, beklædning og metervarer, eller relaterede varer som fodtøj, smykker og andet tilbehør.Furniture & Interior – til virksomheder, der producerer eller forhandler alle typer af møbler/køkkener eller interiør produkter til private eller det offentlige.Configuration – til virksomheder, der producerer eller forhandler konfigurer-bare produkter.Uanset hvilken branche TRIMIT-løsningen anvendes i, findes der kodemæssigt kun én version af løsningen, som er helt identisk uanset lokalisering. Den gennemførte internationalisering med part-nernetværk i en række lande, og egne selskaber i NO, NL, DE samt CH giver TRIMIT Group en planlagt og ønsket eksponering på de pågældende markeder, hvor vi oplever gode vækstmuligheder. Primary activitiesThe holding company TRIMIT Group A/S, whose subsidiaries TRIMIT Solutions A/S and TRIMIT DK A/S, the latter with associated subsidiaries, has conducted the operational activity in the group.The subsidiary TRIMIT Solutions A/S appears as a Microsoft ISV Partner (Independent Software Vendor), while TRIMIT DK A/S and its subsidiaries appear as Microsoft VAR Partners (Value Added Reseller).The products included in the TRIMIT solution are all based on the latest updated cloud-based Microsoft technology, while the TRIMIT solution is available as an app from Microsoft AppSource. The TRIMIT solution is unique in the market as a multi-vertical solution for the following industries: Fashion & Apparel – for companies that either sell or produce clothing, clothing and fabrics, or related goods such as footwear, jewelry and other accessories.Furniture & Interior – for companies that produce or sell all types of furniture/kitchens or interior products for private or public use,.Configuration – for companies that produce or sell configurable products.Regardless of the industry in which the TRIMIT solution is used, there is only one version of the solution that is completely identical regardless of location. The completed internationalization with partner networks in a number of countries, and own companies in NO, NL, DE and CH gives TRIMIT Group a planned and desired exposure in the markets in question, where we are experiencing good growth opportunities. Udvikling i aktiviteter og økonomiske forholdÅrets resultat i TRIMIT koncernen, herunder TRIMIT DK og dets datterselskaber, har generelt udviklet sig tilfredsstillende. Trimit Solutions A/S, har udviklet sig re­sul­tat­mæs­sigt fortsat positivt.Resultatopgørelsen for koncernen i regnskabspe-rioden 01.01.25 - 31.12.25 udviser et resultat ef-ter skat på t.DKK 3.931 mod t.DKK 4.901 for tiden 01.01.24 - 31.12.24. Balancen viser en egenkapital på t.DKK 22.435 pr. 31.12.25.Årets resultat er påvirket af ekstraordinære om-kostninger relateret til tilpasning af organisatio-nen. Development in activities and financial affairsThe profit for the year in TRIMIT Group, including TRIMIT DK and its subsidiaries, has generally developed satisfactorily. Trimit solutions A/S, has continued to develop positively in terms of results.The income statement for the Group for the finan-cial period 01.01.25 - 31.12.25 shows a profit af-ter tax of DKK 3,931k compared to DKK 4.901k for the period 01.01.24 - 31.12.24. The balance sheet shows an equity of DKK 22,435k as of 31.12.25.The annual result is impacted by extraordinary costs related to organizational restructuring. Resultatforventningen for 2025 var et resultat før skat på t.DKK 5.500 - 6.500. Målsætningen blev ikke opfyldt, til dels på grund af de ekstraordinære omkostninger relateret til organisationstilpasningen. The profit expectation for 2025 was a profit be-fore tax of DKK 5,500 thousand to DKK 6,500. The objective was not met, partly due to the ex-traordinary costs related to the organizational adjustment. Forventet udviklingMarkedet, partnerne og selskaberne i TRIMIT Group har taget godt imod den produktmæssige satsning på Microsoft Cloud og Microsoft AppSource. Det betyder, at stort set alle nye kunder på tværs af salgskanaler, vælger en cloud-løsning. Med den nye teknologi, som løsningerne bygger på i dag, vil alle kunder kontinuerligt få direkte og umiddelbar adgang til nyeste teknologi og funktionalitet. Dette giver en række fordele for kunderne, og vil medføre en markant lettelse for udviklings- og support-funktionerne i TRIMIT Group og hos partnerne.Virksomheden står stærkt positioneret i markedet til de kommende års udfordringer, og TRIMIT koncernens ledelse, har haft fortsat tilfredsstillende og tillidsfuldt samarbejde med Microsoft. Det forventes, at vækstplanen for de kommende år, vil resultere i en tilhørende løbende forbedring af indtjeningsevnen.Koncernen forventer et resultat for regnskabsåret 2026 i intervallet 15-20 millioner DKK. Dog kan den nuværende usikre Geopolitiske situation - specielt i Mellemøsten have en negativ indvirk-ning på TRIMIT Groups forventede og planlagte indtjeningskapacitet i 2026, og derfor overvåger bestyrelsen sammen med direktionen løbende situationen, for eventuel tilpasning ift. den givne situation.Mennesker og kompetencerTRIMIT Group er i høj grad en viden-virk­somhed, og medarbejderne er ubetinget det største samlede aktiv. Derfor er der i hele TRIMIT Group skarpt fokus på at rekruttere og der­efter gøre sig fortjent til at beholde de rette med­arbejdere. Der investeres betydeligt i hele tiden, at sikre, at vores medarbejdere er up to date med nyeste viden indenfor vores ar­bejds­om­råder.I lighed med mange danske virksomheder har TRIMIT Group pr. 17.12.23 indført en whistle­blow­erordning for koncernens danske selskaber, der skal tilsikre rapportereringer af evt. uret­mæs­sig behandling af selskabets kollegaer. Der har i 2025 ikke været nogen rapporteringer. OutlookThe market, partners and companies in TRIMIT Group have welcomed the product investment in Microsoft Cloud and Microsoft AppSource. This means that virtually all new customers across sales channels choose a cloud solution. With the new technology on which the solutions are based today, all customers will continuously have direct and immediate access to the latest technology and functionality. This provides a number of benefits for customers and will significantly ease the development and support functions in TRIMIT Group as well as within the partner network.The company is strongly positioned in the market for the challenges of the coming years, and the TRIMIT Group's management has continued to have a satisfactory and trusting collaboration with Microsoft. It is expected that the growth plan for the coming years will result in an associated continuous improvement in earnings capacity.The Group expects a profit for the financial year 2026 in the range of DKK 15-20 million. However, the current uncertain geopolitical situation - especially in the Middle East - may have a negative impact on TRIMIT Group's expected and planned earnings ca-pacity in 2026. Therefore the Board of Direc-tors and the Executive Board are continuous-ly monitoring the situation, for possible adaptation to the given situation.People and skillsTRIMIT Group is very much a knowledge-based company, and the employees are unquestionably the largest total asset. Therefore, throughout the TRIMIT Group, there is a sharp focus on recruiting as well as being able to keep the right employees. Significant investments are made in ensuring that our employees are up to date with the latest knowledge in our areas of work.Like many Danish companies, TRIMIT Group has as of 17.12.23 introduced a whistleblower scheme for the group's Danish companies, which is intended to ensure reporting of any improper treatment of the company's colleagues. In 2025, there have been no reports. Forsknings- og udviklingsaktiviteterUdviklingsaktiviteterne omfatter udvikling af sel­skab­ets software. Der er i regnskabsåret an­vendt i alt t.DKK 10.176 til ud­vik­lings­ak­ti­vi­te­ter. Der for­ventes i det kommende regnskabsår gen­nem­ført udviklingsaktiviteter på samme niveau. Research and development activitiesThe development activities include the de­vel­op­ment of the company's software. During the fi­nan­cial year, a total of DKK 10.176k was spent on development activities. In the coming fi­nan­ci­al year, development activities are ex­pec­ted to be carried out at the same level. Efterfølgende begivenhederDer er ikke indtruffet forhold siden regnskabs-årets afslutning, som ændrer ved vurderingerne i års­rapporten. Subsequent eventsNo circumstances have occurred since the end of the financial year that change the as­ses­s­ments in the annual report. 124143741 116768054 -201358 -832782 106098242 98139839 9512520 7526098 11819628 11666654 14676 7216 400592 0 0 0 5825279 6961561 -9728554 -8366096 0 0 11437088 11250838 60108 177903 0 10175 494684 349294 494788 558705 5390703 6790170 1213746 2336212 1460085 1889632 -2246502 -1963260 3930618 4900538 3460248 4299472 15314260 14752009 0 0 4179665 5654195 0 0 19493925 20406204 0 0 678506 666245 0 0 1057011 1204322 20879 29788 1735517 1870567 20879 29788 0 0 29452613 27252571 1095864 1088896 0 0 1095864 1088896 29452613 27252571 22325306 23365667 29473492 27282359 718572 20949 0 0 28211373 24652631 0 0 0 559776 3019006 2960057 1091490 736315 3818 6621 1808010 1294386 320430 327012 31829445 27264057 3343254 3293690 4776764 4035914 0 0 36606209 31299971 3343254 3293690 58931515 54665638 32816746 30576049 680000 680000 680000 680000 11945122 11506566 0 0 -292362 -55317 -270434 -33388 5531827 5510136 17455021 16994773 3000000 2000000 3000000 2000000 20864587 19641385 20864587 19641385 1570305 1129108 0 0 22434892 20770493 20864587 19641385 2856682 2889456 5000 78496 59751 59680 0 0 2916433 2949136 5000 78496 1453474 5141818 740755 1195162 11954101 8883290 774948 654997 0 0 8802438 8112138 408483 0 0 33307 13512889 11267020 1629018 860564 6251243 5653881 0 0 33580190 30946009 11947159 10856168 33580190 30946009 11947159 10856168 58931515 54665638 32816746 30576049 Beløb i DKKFigures in DKKSel­skabs­kapitalContributed capitalReserve for udviklings­omkost­ningerReserve for development costsReserve for valuta­kurs­regu­lerin­gerForeign currency translation reserveOverført resultatRetained earningsForslag til udbytte for regnskabsåretProposed dividend for the financial yearEgenkapital til­hø­rende moder­virk­som­he­dens kapital­ejereEquity attributable to owners of the parentMinoritets­interesserNon-controlling interestsEgenkapital i altTotal equityKoncern:Group:Egenkapitalopgørelse for 01.01.24 - 31.12.24Statement of changes in equity for 01.01.24 - 31.12.24Saldo pr. 01.01.24680.00011.120.031-21.9283.425.338015.203.441490.84515.694.286Balance as at 01.01.24Valutakursregulering af udenlandske virksomheder00-33.38900-33.389-19.551-52.940Foreign currency translation adjustment of foreign enterprisesAf- og nedskrivninger i året0-9.574.76509.574.7650000Total depreciation, amortisation, impairment losses and write-downs during the yearØvrige egenkapitalbevægelser010.070.3230-9.898.4630171.86056.749228.609Other changes in equitySkat af egenkapitalbevægelser0-109.0230109.0230000Tax on changes in equityForslag til resultatdisponering0002.299.4732.000.0004.299.473601.0654.900.538Net profit/loss for the yearSaldo pr. 31.12.24680.00011.506.566-55.3175.510.1362.000.00019.641.3851.129.10820.770.493Balance as at 31.12.24Beløb i DKKFigures in DKKSel­skabs­kapitalContributed capitalReserve for udviklings­omkost­ningerReserve for development costsReserve for valuta­kurs­regu­lerin­gerForeign currency translation reserveOverført resultatRetained earningsForslag til udbytte for regnskabsåretProposed dividend for the financial yearEgenkapital til­hø­rende moder­virk­som­he­dens kapital­ejereEquity attributable to owners of the parentMinoritets­interesserNon-controlling interestsEgenkapital i altTotal equityEgenkapitalopgørelse for 01.01.25 - 31.12.25Statement of changes in equity for 01.01.25 - 31.12.25Saldo pr. 01.01.25680.00011.506.566-55.3175.510.1362.000.00019.641.3851.129.10820.770.493Balance as at 01.01.25Valutakursregulering af udenlandske virksomheder00-237.04500-237.045-29.174-266.219Foreign currency translation adjustment of foreign enterprisesAf- og nedskrivninger i året0-9.613.27209.613.2720000Total depreciation, amortisation, impairment losses and write-downs during the yearBetalt udbytte0000-2.000.000-2.000.0000-2.000.000Dividend paidØvrige egenkapitalbevægelser010.175.5230-10.175.5230000Other changes in equitySkat af egenkapitalbevægelser0-123.6950123.6950000Tax on changes in equityForslag til resultatdisponering000460.2473.000.0003.460.247470.3713.930.618Net profit/loss for the yearSaldo pr. 31.12.25680.00011.945.122-292.3625.531.8273.000.00020.864.5871.570.30522.434.892Balance as at 31.12.25Beløb i DKKFigures in DKKSel­skabs­kapitalContributed capitalReserve for udviklings­omkost­ningerReserve for development costsReserve for valuta­kurs­regu­lerin­gerForeign currency translation reserveOverført resultatRetained earningsForslag til udbytte for regnskabsåretProposed dividend for the financial yearEgenkapital til­hø­rende moder­virk­som­he­dens kapital­ejereEquity attributable to owners of the parentMinoritets­interesserNon-controlling interestsEgenkapital i altTotal equityModervirksomhed:Parent:Egenkapitalopgørelse for 01.01.24 - 31.12.24Statement of changes in equity for 01.01.24 - 31.12.24Saldo pr. 01.01.24680.0000014.523.440015.203.440015.203.440Balance as at 01.01.24Valutakursregulering af udenlandske virksomheder00-33.38800-33.3880-33.388Foreign currency translation adjustment of foreign enterprisesØvrige egenkapitalbevægelser000171.8610171.8610171.861Other changes in equityForslag til resultatdisponering0002.299.4722.000.0004.299.47204.299.472Net profit/loss for the yearSaldo pr. 31.12.24680.0000-33.38816.994.7732.000.00019.641.385019.641.385Balance as at 31.12.24Beløb i DKKFigures in DKKSel­skabs­kapitalContributed capitalReserve for udviklings­omkost­ningerReserve for development costsReserve for valuta­kurs­regu­lerin­gerForeign currency translation reserveOverført resultatRetained earningsForslag til udbytte for regnskabsåretProposed dividend for the financial yearEgenkapital til­hø­rende moder­virk­som­he­dens kapital­ejereEquity attributable to owners of the parentMinoritets­interesserNon-controlling interestsEgenkapital i altTotal equityEgenkapitalopgørelse for 01.01.25 - 31.12.25Statement of changes in equity for 01.01.25 - 31.12.25Saldo pr. 01.01.25680.0000-33.38816.994.7732.000.00019.641.385019.641.385Balance as at 01.01.25Valutakursregulering af udenlandske virksomheder00-237.04600-237.0460-237.046Foreign currency translation adjustment of foreign enterprisesBetalt udbytte0000-2.000.000-2.000.0000-2.000.000Dividend paidForslag til resultatdisponering000460.2483.000.0003.460.24803.460.248Net profit/loss for the yearSaldo pr. 31.12.25680.0000-270.43417.455.0213.000.00020.864.587020.864.587Balance as at 31.12.25 680000 11120031 3425338 0 490845 10070323 -9898463 56749 -109023 109023 2299473 2000000 601065 680000 11506566 5510136 2000000 1129108 -2000000 10175523 -10175523 -123695 123695 460247 3000000 470371 680000 11945122 5531827 3000000 1570305 680000 0 14523440 0 0 2000000 680000 0 2000000 0 -2000000 460248 3000000 680000 0 17455021 3000000 0 13714289 14172337 -5132132 -1704872 3070810 1114120 3687508 -5445784 71 -264849 19271164 12771490 60108 177903 -494684 -344293 -522115 -784670 18314473 11820430 -10175523 -10576849 -1709757 -816039 -11885280 -11392888 -2000000 0 0 3607706 -3688343 0 -5688343 3607706 740850 4035248 4035914 666 4776764 4035914 4776764 4035914 88205308 81523127 7641403 6156448 11212749 10869275 1223685 1197300 1933029 1869828 76079 59951 4747156 3877609 571353 112399 132 129 10 10 Vederlag til ledelsen:Remuneration for the management:Vederlag til direktion og bestyrelse4.952.3704.372.6642.506.4052.683.599Remuneration for the Executive Board and Board of Directors 4952370 4372664 2506405 2683599 Med henvisning til års­regn­skabs­lovens § 98 b, stk. 3, nr. 1 er veder­lag til direktion og bestyrelse sammen­draget for 2025 og 2024, da op­lys­nin­ger ellers vil føre til, at der vises beløb for et enkelt ledelses­medlem.With reference to section 98b(3) no. 1 of the Dan­ish Fi­nan­cial Statements Act, re­mune­ration for the Executive Board and Board of Di­rectors are sum­marized for 2025 and 2024, as infor­ma­tion would other­wise lead to a­mounts be­ing shown for a single mem­ber of man­age­ment. 0 0 376974 474809 152151 177681 76890 78896 342248 166324 0 0 0 0 40924 0 285 5289 0 5000 -30289 385888 -73496 74740 0 373970 0 0 3000000 2000000 3000000 2000000 470371 601065 0 0 460247 2299473 460248 2299472 38669667 9192273 10175523 -9906519 38938671 9192273 -23917658 -3538078 -9613272 -1474530 9906519 -23624411 -5012608 15314260 4179665 Virksomheden udvikler ERP-løsninger, og udviklingsomkostninger aktiveres, når der er sikkerhed for, at projektet kan færdiggøres og forventes at skabe værdi gennem salg eller licenser. Kun omkostninger, der direkte vedrører udviklingsarbejdet, indgår i målingen. Hvis et projekt ændrer karakter eller ikke længere vurderes at kunne skabe økonomiske fordele, udgiftsføres omkostningerne.The company develops ERP solutions, and development costs are capitalised when there is sufficient certainty that the project can be completed and is expected to create value through sales or licensing. Only costs directly related to the development work are included in the measurement. If a project changes character or is no longer expected to generate economic benefits, the costs are expensed. 7.Materielle anlægsaktiverProperty, plant and equipmentBeløb i DKKFigures in DKKInd­ret­ning af le­je­de loka­lerLeasehold improvementsAndre anlæg, drifts­ma­te­riel og in­ven­tarOther fixtures and fittings, tools and equipmentKoncern:Group:Kostpris pr. 01.01.251.569.9523.420.155Cost as at 01.01.25Tilgang i året342.6951.367.062Additions during the yearAfgang i året-284.785-729.897Disposals during the yearKostpris pr. 31.12.251.627.8624.057.320Cost as at 31.12.25Af- og nedskrivninger pr. 01.01.25-903.706-2.215.834Depreciation and impairment losses as at 01.01.25Afskrivninger i året-330.435-1.514.372Depreciation during the yearTilbageførsel af af- og ned­skriv­nin­ger på af­hæn­de­de ak­tiver284.785729.897Reversal of depreciation of and impairment losses on disposed assetsAf- og nedskrivninger pr. 31.12.25-949.356-3.000.309Depreciation and impairment losses as at 31.12.25Regnskabsmæssig værdi pr. 31.12.25678.5061.057.011Carrying amount as at 31.12.257.Materielle anlægsaktiver  -  fortsat  -Property, plant and equipment  -  continued  -Beløb i Figures in DKKInd­ret­ning af le­je­de loka­lerLeasehold improvementsAndre anlæg, drifts­ma­te­riel og in­ven­tarOther fixtures and fittings, tools and equipmentModervirksomhed:Parent:Kostpris pr. 01.01.25041.524Cost as at 01.01.25Tilgang i året05.767Additions during the yearKostpris pr. 31.12.25047.291Cost as at 31.12.25Af- og nedskrivninger pr. 01.01.250-26.412Depreciation and impairment losses as at 01.01.25Af- og nedskrivninger pr. 31.12.250-26.412Depreciation and impairment losses as at 31.12.25Regnskabsmæssig værdi pr. 31.12.25020.879Carrying amount as at 31.12.25 1569952 3420155 342695 1367062 -284785 -729897 1627862 4057320 -903706 -2215834 -330435 -1514372 284785 729897 -949356 -3000309 678506 1057011 0 41524 5767 0 47291 0 -26412 0 -26412 0 20879 8.Ka­pi­tal­an­de­le i tilknyt­tede virksom­he­derEquity invest­ments in group enter­pri­sesBeløb i DKKFigures in DKKKa­pi­tal­an­de­le i tilknyt­tede virksom­he­derEquity invest­ments in group enter­pri­sesModervirksomhed:Parent:Kostpris pr. 01.01.2542.873.251Cost as at 01.01.25Kostpris pr. 31.12.2542.873.251Cost as at 31.12.25Opskrivninger pr. 01.01.25-15.620.680Revaluations as at 01.01.25Valutakursregulering af udenlandske virksomheder-237.046Foreign currency translation adjustment of foreign enterprisesÅrets resultat fra kapitalandele11.437.088Net profit/loss from equity investmentsUdbytte relateret til kapitalandele-9.000.000Dividend relating to equity investmentsOpskrivninger pr. 31.12.25-13.420.638Revaluations as at 31.12.25Regnskabsmæssig værdi pr. 31.12.2529.452.613Carrying amount as at 31.12.258.Ka­pi­tal­an­de­le i tilknyt­tede virksom­he­der  -  fortsat  -Equity invest­ments in group enter­pri­ses  -  continued  -Navn og hjemsted:Name and registered office:EjerandelOwnership interestDattervirksomheder:Subsidiaries:TRIMIT Solutions A/S, Viborg100%TRIMIT DK A/S, Viborg100%TRIMIT Norge AS, Norge80%TRIMIT NL. B.V., Holland80%TRIMIT DE GmbH, Tyskland75%TRIMIT CH AG, Schweiz75% 42873251 42873251 29452613 TRIMIT Solutions A/S Viborg 100 TRIMIT DK A/S Viborg 100 TRIMIT Norge AS Norge 80 TRIMIT NL. B.V. Holland 80 TRIMIT DE GmbH Tyskland 75 TRIMIT CH AG Schweiz 75 1088896 6968 1095864 1095864 Kon­cernGroupModervirksomhedParent31.12.2531.12.2431.12.2531.12.24DKKDKKDKKDKK10.Igangværende arbejder for fremmed regningWork in progress for third partiesIgangværende arbejder for fremmed regning718.57320.94900Work in progress for third partiesIgangværende arbejder for fremmed regning718.57220.94900Work in progress for third parties 11.PeriodeafgrænsningsposterPrepaymentsForudbetalte forsikringer1.132.611954.789201.159291.103Prepaid insurance premiumsForudbetalte omkostninger675.399339.597119.27135.909Prepaid costsI alt1.808.0101.294.386320.430327.012Total Kapitalandele 680000 680000 14.Udskudt skatDeferred taxUdskudt skat pr. 01.01.252.889.4552.493.95278.4963.756Deferred tax as at 01.01.25Udskudt skat indregnet i resultatopgørelsen-32.773395.503-73.49674.740Deferred tax recognised in the income statementUdskudt skat pr. 31.12.252.856.6822.889.4555.00078.496Deferred tax as at 31.12.25 2889455 2493952 78496 3756 -32773 395503 -73496 74740 15.Andre hensatte forpligtelserOther provisionsBeløb i DKKFigures in DKKAndre hen­satte for­plig­tel­serOther provisionsKoncern:Group:Forpligtelser pr. 01.01.2559.680Provisions as at 01.01.25Valutakursregulering71Foreign currency translation adjustmentForpligtelser pr. 31.12.2559.751Provisions as at 31.12.2531.12.2531.12.2431.12.2531.12.24DKKDKKDKKDKKAndre hensatte forpligtelser forventes at fordele sig således:Other provisions are expected to be distributed as follows:Kortfristede forpligtelser59.75159.68000Current liabilitiesI alt59.75159.68000Total Kon­cernGroupModervirksomhedParent31.12.2531.12.2431.12.2531.12.24DKKDKKDKKDKK16.PeriodeafgrænsningsposterDeferred incomeForudbetalte indtægter6.251.2435.653.88100Prepaid revenueI alt6.251.2435.653.88100Total 17.EventualforpligtelserContingent liabilitiesModervirksomhed:Parent:Andre eventualforpligtelserOther contingent liabilitiesSel­ska­bet er sambeskattet med øv­rige dan­ske sel­ska­ber i kon­cer­nen og hæf­ter so­li­da­risk og ube­græn­set for sel­skabs­skat­ter for de sam­be­skat­te­de sel­ska­ber. Den sam­le­de kend­te skat­te­for­plig­tel­se for de sam­be­skat­te­de sel­ska­ber ud­gør t.DKK 115 på ba­lan­ce­da­gen. Hæf­tel­sen om­fat­ter der­ud­over even­tu­el­le se­ne­re kor­rek­tio­ner til den op­gjor­te skat­te­for­plig­tel­se som kon­se­kvens af æn­drin­ger til sam­be­skat­nings­ind­kom­sten m.v. The company is taxed jointly with the other Danish companies in the group and has joint, several and unlimited liability for income taxes for the jointly taxed companies. The total known tax liability for the jointly taxed companies is DKK 115k at the balance sheet date. The liability also includes any subsequent corrections to the calculated tax liability as a consequence of changes made to the jointly taxable income etc. Sel­ska­bet har fælles moms­re­gi­stre­ring med til­knyt­te­de virk­som­he­der og hæf­ter her­ved for fæl­les moms­til­svar. The company registers VAT jointly with its group enterprises and therefore has joint VAT liability. 18.Andre forpligtelserOther commitmentsKoncern:Group:Koncernen har indgået leasing­kon­trak­ter med en rest­lø­be­tid på 6-58 må­ne­der og en sam­let for­plig­tel­se på t.DKK 3.698. The group has concluded lease agreements with terms to maturity of 6-58 months and total lease payments of DKK 3,698 k. Modervirksomhed:Parent:Sel­ska­bet har ikke andre for­plig­tel­ser pr. 31.12.25.The company has no other commitments as at 31.12.25. 19.Pantsætninger og sikkerhedsstillelserCharges and securityKoncern:Group:Til sikkerhed for gæld til kre­dit­in­sti­tut­ter på t.DKK 620 har kon­cer­nen af­gi­vet virk­som­heds­pant t.DKK 5.000. Virk­som­heds­pan­tet om­fat­ter pr. 31.12.25 føl­gen­de ak­ti­ver til regn­skabs­mæs­sig vær­di:The group has provided DKK 5,000k as a company charge on of DKK 620k as security for debt to cre­dit institutions. As at 31.12.25, the com­pa­ny charge comprises the following as­sets with the following carrying amounts:• Tilgodehavender fra salg og tje­nes­te­ydel­ser, t.DKK 12.487Trade receivables, DKK 12.487k. 20.Nærtstående parterRelated partiesDer oplyses ikke om trans­ak­tio­ner med nært­stå­ende par­ter, da alle trans­ak­tio­ner er gen­nem­ført på nor­male mar­keds­vil­kår.Related party transactions are not disclosed, as all transactions are entered into in the ordinary course of business at arms’ length.Vederlag til ledelsen fremgår af note 1. Personaleomkostninger.Remuneration for the management is specified in note 1. Staff costs. 11819628 11666654 -60108 -177903 494684 349293 1460085 1889632 0 444661 Årsrapporten er af­lagt i over­ens­stem­mel­se med års­regn­skabs­lo­ven for mel­lem­store kon­cer­ner og virk­som­he­der i regn­skabs­klas­se C med til­valg af be­stem­mel­ser fra en hø­je­re regn­skabs­klas­se. The annual report is presen­ted in accordance with the provisions of the Danish Financial Statements Act for medium-sized groups and enterprises in re­port­ing class C with application of pro­vi­sions for a higher reporting class. Generelt om indregning og målingI resultatopgørelsen ind­reg­nes ind­tæg­ter i takt med, at de ind­tje­nes, her­un­der ind­reg­nes vær­di­re­gu­le­rin­ger af fi­nan­siel­le ak­ti­ver og for­plig­tel­ser. I re­sul­tat­op­gø­rel­sen ind­reg­nes lige­le­des alle om­kost­nin­ger, her­un­der af­skriv­nin­ger og ned­skriv­nin­ger.I balancen indregnes ak­ti­ver, når det er sand­syn­ligt, at frem­ti­di­ge øko­no­mis­ke for­de­le vil til­fly­de sel­ska­bet, og ak­ti­vets vær­di kan må­les på­lide­ligt. For­plig­tel­ser ind­reg­nes i ba­lan­cen, når det er sand­syn­ligt, at frem­ti­di­ge øko­no­mis­ke for­de­le vil fra­gå sel­ska­bet, og for­plig­tel­sens vær­di kan må­les på­li­de­ligt. Ved før­ste ind­reg­ning må­les ak­ti­ver og for­plig­tel­ser til kost­pris. Efter­føl­gen­de må­les ak­ti­ver og for­plig­tel­ser som be­skre­vet ne­den­for for hver en­kelt regn­skabs­post.Ved indregning og må­ling ta­ges hen­syn til for­ud­sige­li­ge tab og ri­si­ci, der frem­kom­mer in­den års­rap­por­ten af­læg­ges, og som be- eller af­kræf­ter for­hold, der ek­sis­te­re­de på ba­lan­ce­da­gen. Basis of recognition and measurementIncome is recognised in the income state­ment as earned, including value adjust­ments of fin­an­cial assets and liabilities. All ex­penses, including depreciation, amortisa­tion, impair­ment losses and write-downs, are also recognised in the in­come state­ment.Assets are recognised in the balance sheet when it is probable that future economic bene­fits will flow to the company, and the value of such assets can be measured reliably. Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow from the company, and the value of such liabilities can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below.On recognition and measurement, account is taken of foreseeable losses and risks arising before the date at which the annual report is presented and proving or disproving matters arising on or before the balance sheet date. KONCERNREGNSKABKoncernregnskabet omfatter mo­der­virk­som­he­den og dens dat­ter­virk­som­he­der, hvori mo­der­virk­som­he­den di­rek­te el­ler in­di­rek­te be­sid­der mere end 50% af stem­me­ret­tig­he­der­ne, el­ler gen­nem af­ta­ler har kon­trol.De regnskaber, der an­ven­des til brug for kon­so­li­de­rin­gen, af­læg­ges i over­ens­stem­mel­se med kon­cer­nens regn­skabs­prak­sis.Koncernregnskabet er ud­ar­bej­det som et sam­men­drag af regn­ska­ber for mo­der­virk­som­he­den og dat­ter­virk­som­he­der­ne ved sam­men­læg­ning af regn­skabs­pos­ter af ens­ar­tet ka­rak­ter. Ved kon­so­li­de­rin­gen er der fore­ta­get eli­mi­ne­ring af kon­cern­in­ter­ne ind­tæg­ter og om­kost­nin­ger, be­sid­del­ser af ka­pi­tal­an­de­le, in­ter­ne mel­lem­væ­ren­der og ud­byt­ter samt ge­vin­ster og tab ved trans­ak­tio­ner mel­lem de kon­so­li­de­re­de virk­som­he­der i det om­fang, de un­der­lig­gen­de ak­ti­ver og for­plig­tel­ser ik­ke er rea­li­se­re­de. CONSOLIDATED FINANCIAL STATEMENTSThe consolidated financial statements comprise the parent and its subsidiaries in which the parent directly or indirectly holds more than 50% of the voting rights or by way of agreements exercises control.All financial statements used for consolidation are prepared in accordance with the ac­count­ing policies of the group.The consolidated financial statements con­solidate the financial statements of the parent and its subsidiaries by adding to­gether items of a uniform nature, elimi­nating intercompany income and ex­penditure, equity investments, inter­company balances and dividends as well as gains and losses resulting from transactions between the consolidated enterprises to the extent that the underlying assets and liabilities are not realised. MinoritetsinteresserI koncernregnskabet indregnes dat­ter­virk­som­he­der­nes regn­skabs­pos­ter 100%. Mi­no­ri­tets­in­te­res­ser­nes for­holds­mæs­si­ge an­del af dat­ter­virk­som­he­der­nes egen­ka­pi­tal klas­si­fi­ce­res som en del af kon­cern­egen­ka­pi­ta­len. Dat­ter­virk­som­he­der­nes re­sul­ta­ter for­de­les via re­sul­tat­dis­po­ne­rin­gen for­holds­mæs­sigt til mi­no­ri­tets­in­te­res­ser­ne og mo­der­virk­som­he­dens an­del af egen­ka­pi­ta­len.Køb og salg af minoritets­an­de­le i en dat­ter­virk­som­hed, som ikke med­fø­rer æn­drin­ger i kon­trol, be­hand­les i kon­cern­regn­ska­bet som egen­ka­pi­tal­trans­ak­tio­ner, og for­skel­len mel­lem ve­der­la­get og den regn­skabs­mæs­si­ge vær­di al­lo­ke­res til mo-der­virk­som­he­dens an­del af egen­ka­pi­ta­len. Non-controlling interestsThe financial items of the subsidiaries are recog­nised in full in the consolidated finan­cial state­ments. The non-controlling interests’ proportion­ate share of the subsidiaries’ equity is classified as a part of consolidated equity. The subsidiar­ies’ results are distributed proportionately to non-controlling interests and the parent’s equity interest.Purchase and sale of non-controlling interests in a subsidiary which do not result in changes in control of the subsidiary are treated in the consolidated financial statements as equity transactions, and the difference between theconsideration and the carrying amount is allocated to the parent’s equity interest. VALUTAÅrsrapporten er aflagt i danske kroner.Transaktioner i fremmed valuta om­reg­nes ved før­ste ind­reg­ning til trans­ak­tions­da­gens kurs. Va­lu­ta­kurs­dif­fe­ren­cer, der op­står mel­lem trans­ak­tions­da­gens kurs og kur­sen på be­ta­lings­da­gen, ind­reg­nes i re­sul­tat­op­gø­rel­sen som en fi­nan­siel post. Til­go­de­ha­ven­der, gælds­for­plig­tel­ser og an­dre mo­ne­tæ­re pos­ter i frem­med va­lu­ta om­reg­nes til ba­lan­ce­da­gens va­lu­ta­kurs. For­skel­len mel­lem ba­lan­ce­da­gens kurs og kur­sen på tids­punk­tet for til­go­de­ha­ven­dets el­ler gælds­for­plig­tel­sens op­stå­en el­ler ind­reg­ning i se­ne­ste års­rap­port ind­reg­nes i re­sul­tat­op­gø­rel­sen un­der fi­nan­siel­le ind­tæg­ter og om­kost­nin­ger. An­lægs­ak­ti­ver og an­dre ik­ke mo­ne­tæ­re ak­ti­ver, der er er­hver­vet i frem­med va­lu­ta, om­reg­nes til hi­sto­ris­ke va­lu­ta­kur­ser.Ved indregning af selv­stæn­di­ge uden­land­ske en­he­der, om­reg­nes re­sul­tat­op­gø­rel­ser­ne til trans­ak­tions­da­gens kur­ser el­ler til­nær­me­de gen­nem­snit­li­ge va­lu­ta­kur­ser. Ba­lan­ce­pos­ter­ne om­reg­nes til ba­lan­ce­da­gens va­lu­ta­kur­ser. Va­lu­ta­kurs­re­gu­le­rin­ger, op­stået ved om­reg­ning af egen­ka­pi­ta­ler ved årets be­gyn­del­se til ba­lan­ce­da­gens va­lu­ta­kur­ser og ved om­reg­ning af re­sul­tat­op­gø­rel­ser fra gen­nem­snits­kur­ser til ba­lan­ce­da­gens va­lu­ta­kur­ser, ind­reg­nes di­rek­te i egen­ka­pi­ta­len un­der re­ser­ve for net­to­op­skriv­ning efter in­dre vær­dis me­to­de for så vidt an­går ka­pi­tal­an­de­le, der må­les efter in­dre vær­dis me­to­de, og el­lers un­der reserve for va­lu­ta­kurs­re­gu­le­rin­ger.Kursregulering af mellem­væ­ren­der med selv­stæn­di­ge uden­land­ske en­he­der, der må­les ef­ter in­dre vær­dis me­to­de og hvor mel­lem­væ­ren­det an­ses for en del af den sam­le­de in­ve­ste­ring, ind­reg­nes di­rek­te i egen­ka­pi­ta­len un­der re­ser­ve for va­lu­ta­kurs­re­gu­le­rin­ger. Ved af­hæn­del­se af de selv­stæn­di­ge uden­land­ske en­he­der ind­reg­nes de ak­ku­mu­le­re­de va­lu­ta­kurs­dif­fe­ren­cer i re­sul­tat­op­gø­rel­sen. CURRENCYThe annual report is presen­ted in Danish kroner (DKK).On initial recognition, transactions den­ominated in foreign currencies are trans­lated using the exchange rates applicable at the transaction date. Exchange rate differences between the exchange rate applicable at the transaction date and the exchange rate at the date of payment are recognised in the income statement as a financial item. Receivables, payables and other monetary items denominated in foreign currencies are translated using the exchange rates applicable at the balance sheet date. The difference between the ex­change rate applicable at the balance sheet date and at the date at which the receivable or payable arose or was recognised in the latest annual report is recognised under financial income or ex­penses in the income statement. Fixed assets and other non-monetary assets acquired in foreign currencies are translated using historical exchange rates.On recognition of independent foreign entities, the income statements are translated at the exchange rates applicable at the transaction date or approximate average exchange rates. The balance sheet items are translated using the exchange rates applicable at the balance sheet date. Foreign currency translation adjustments arising from the translation of equity at the beginning of the year using the exchange rates applicable at the balance sheet date and from the translation of income statements fromaverage exchange rates to the exchange rates applicable at the balance sheet date are recognised directly in equity under the reserve for net revaluation according to the equity method in respect of investments measured ac­cord­ing to the equity method, and otherwise un­der the foreign currency translation reserve.Translation adjustments of intercompany balances with independent foreign entities, measured using the equity method and where the balance is considered to be part of the overall investment, are recognised directly in equity under the foreign currency translation reserve. On the divestment of foreign entities, accumulated exchange differences are recognised in the income statement. LEASINGKONTRAKTERLeasingydelser vedrørende ope­ra­tio­nel­le lea­sing­kon­trak­ter ind­reg­nes line­ært i re­sul­tat­op­gø­rel­sen over lea­sing­pe­rio­den. LEASESLease payments relating to operating leases are recognised in the income statement on a straight-line basis over the lease term. BruttoresultatBruttoresultat indeholder nettoomsæt­ning, ar­bej­de ud­ført for egen reg­ning og op­ført un­der ak­ti­ver, an­dre drifts­ind­tæg­ter og va­re­for­brug samt an­dre eks­ter­ne om­kost­nin­ger. Gross resultGross result comprises rev­enue, work performed for own account and capitalised, other operating income and cost of sales and other external ex­penses. NettoomsætningIndtægter fra salg af tjeneste­ydel­ser (Licenser) ind­reg­nes i re­sul­tat­op­gø­rel­sen i takt med le­ve­ring af tje­ne­ste­ydel­ser­ne (le­ve­rings­me­to­den). Net­to­om­sæt­nin­gen må­les til salgs­vær­dien af detfast­sat­te ve­der­lag ekskl. moms og af­gif­ter op­kræ­vet på veg­ne af tred­je­mand samt med fra­drag af ra­bat­ter.Indtægter fra salg af tjenesteydelser (konsulentydelser) ind­reg­nes i re­sul­tat­op­gø­rel­sen i takt med fær­dig­gø­rel­sen af tje­ne­ste­ydel­ser­ne, hvor­ved net­to­om­sæt­nin­gen sva­rer til salgs­vær­dien af årets ud­før­te ar­bej­der, op­gjort på grund­lag af fær­dig­gø­rel­ses­gra­den på ba­lan­ce­da­gen (pro­duk­tions­me­to­den). RevenueIncome from the sale of services is recognised in the income statement as delivery takes place (delivery method). Revenue is measured at the selling value of the agreed considerationexclusive of VAT and other taxes collected on behalf of third parties and less discounts.Income from the sale of services is recognised in the income statement in line with completion of services, which means that revenue corresponds to the selling price of the work performed for the year stated on the basis of the stage of completion at the balance sheet date (percentage of completion method). Arbejde udført for egen regning og op­ført under aktiver Arbejde udført for egen regning og op­ført un­der ak­ti­ver om­fat­ter vare­for­brug, løn og ga­ger og an­dre in­ter­ne om­kost­nin­ger, der er af­holdt i året og ind­reg­net i kost­pri­sen for egen­frem­stil­le­de im­ma­te­ri­el­le og ma­te­ri­el­le an­lægs­ak­ti­ver. Work performed for own account and capitalisedWork performed for own account and capitalised comprises cost of sales, wages and salaries and other internal expenses incurred during the year and included in the cost of self-constructed or self-produced intangible assets and property, plant and equipment. Andre driftsindtægterAndre driftsindtægter omfatter ind­tæg­ter af se­kun­dær ka­rak­ter i for­hold til virk­som­he­dens ak­ti­vi­te­ter, her­un­der leje­ind­tæg­ter, løntilskud/-refusioner, ne­ga­tiv good­will og ge­vin­ster ved salg af im­ma­te­riel­le og ma­te­riel­le an­lægs­ak­ti­ver. Other operating incomeOther operating income comprises income of a secondary nature in relation to the enterprise’s activities, including rental income, salary supplements and refunds, negative goodwill and gains on the sale of intangible assets and property, plant and equipment. VareforbrugVareforbrug omfatter årets vareforbrug målt til kostpris med tillæg af eventuelle forskyd­nin­ger i lagerbeholdningen, herunder ned­skrivninger i det omfang, de ikke overstiger normale nedskrivninger. Cost of salesCost of sales comprises cost of sales for the year measured at cost plus any changes in inventories, including write-downs to the extent that these do not exceed normal write-downs. Andre eksterne omkostningerAndre eksterne omkostninger omfatter om­kostninger til salg og reklame, ad­mi­nistration, lokaler og tab på debitorer i det omfang, de ikke overstiger normale ned­skriv­nin­ger. Other external expensesOther external expenses comprise costs re­lating to sales and advertising and administration, premises and bad debts to the extent that these do not exceed normal write-downs. PersonaleomkostningerPersonaleomkostninger omfatter løn, gager samt øvrige personalerelaterede omkost­nin­ger. Staff costsStaff costs comprise wages and salaries as well as other staff-related costs. Af- og nedskrivningerAfskrivninger på im­ma­te­ri­el­le og ma­te­ri­el­le an­lægs­ak­ti­ver til­sig­ter, at der sker sys­te­ma­tisk af­skriv­ning over ak­ti­ver­nes for­ven­te­de brugs­tid. Der fore­ta­ges li­ne­ære af­skriv­nin­ger ba­se­ret på føl­gen­de brugs­ti­der og rest­vær­dier:Fær­dig­gjorte ud­vik­lings­pro­jek­terEr­hver­ve­de ret­tig­he­derGood­willIndretning af lejede lokalerAndre anlæg, drifts­ma­te­riel og in­ven­tarGoodwill afskrives over 7 år. Brugs­ti­den er fast­sat un­der hen­syn­ta­gen til de for­ven­te­de frem­ti­di­ge net­to­ind­tæg­ter fra den virk­som­hed el­ler ak­ti­vi­tet, som good­will er knyt­tet til.Afskrivningsgrundlaget er aktivets kost­pris fra­truk­ket for­ven­tet rest­vær­di ved af­slut­tet brugs­tid. Af­skriv­nings­grund­la­get re­du­ce­res end­vi­de­re med even­tuel­le ned­skriv­nin­ger. Brugs­ti­den og rest­vær­dien fast­sæt­tes, når ak­ti­vet er klar til brug, og re­vur­de­res år­ligt.Nedskrivninger af im­ma­te­ri­el­le og ma­te­ri­el­le an­lægs­ak­ti­ver foretages efter an­vendt regn­skabs­prak­sis om­talt i af­snit­tet ”Ned­skriv­ning af an­lægs­ak­ti­ver”. De­pre­ci­a­tion, amor­ti­sa­tion and impair­ment lossesThe de­pre­ci­a­tion and amor­ti­sa­tion of in­tan­gi­ble as­sets and prop­er­ty, plant and equip­ment aim at systematic de­pre­ci­a­tion and amor­ti­sa­tion over the expected useful lives of the assets. Assets are de­pre­ci­ated and amor­tised according to the straight-line method based on the following ex­pected useful lives and residual values:Brugs­tid, år337103-10Goodwill is amortised over 7 years. The use­ful life has been determined in considera­tion of the expected future net earnings of the enterprise or activity to which the goodwill relates.The basis of de­pre­ci­a­tion and amor­ti­sa­tion is the cost of the asset less the expected residual value at the end of the useful life. Moreover, the basis of de­pre­ci­a­tion and amor­ti­sa­tion is reduced by any impairment losses. The useful life and residual value are determined when the asset is ready for use and reassessed annually.In­tan­gi­ble as­sets and prop­er­ty, plant and equip­ment are impaired in accordance with the accounting policies referred to in the ‘Impairment losses on fixed assets’ section. Andre driftsomkostningerAndre driftsomkostninger omfatter om­kost­nin­ger af se­kun­dær ka­rak­ter i for­hold til virk­som­he­dens ak­ti­vi­te­ter, her­un­der om­kost­nin­ger ved ud­lej­nings­ak­ti­vi­tet og tab ved salg af im­ma­te­riel­le og ma­te­riel­le an­lægs­ak­ti­ver. Other operating expensesOther operating expenses comprise costs of a secondary nature in relation to the enterprise’s activities, including costs relating to rental activities and losses on the sale of intangible assets and property, plant and equipment. Indtægter af ka­pi­tal­an­de­le i til­knyt­te­de virk­som­he­derFor dattervirksomheder, der i mo­der­virk­som­heden måles efter indre vær­dis me­to­de, ind­reg­nes an­de­len af virk­som­he­der­nes re­sul­tat i re­sul­tat­op­gø­rel­sen ef­ter eli­mi­ne­ring af urea­li­se­re­de in­ter­ne ge­vin­ster og tab og med fra­drag af even­tuel af- og ned­skriv­ning af good­will. Indtægter af ka­pi­tal­an­de­le i dat­ter­virk­som­he­der om­fat­ter ligeledes ge­vin­ster og tab ved salg af ka­pi­tal­an­de­le. Income from equity investments in group en­tre­prisesFor equity investments in sub­si­di­ar­ies that in the parent are measured using the equity method, the share of the enterprises’ profit or loss is recognised in the income statement after elimination of unrealised intercompany profits and losses and less any goodwill amortisation and im­pairment losses. Income from equity investments in equity investments in sub­si­di­ar­ies also comprises gains and losses on the sale of equity investments. Andre finansielle posterUnder andre finansielle poster indregnes rente-indtægter og renteomkostninger, valu­takursgevinster og -tab ved transaktioner i fremmed valuta m.v. Other net financialsInterest income and interest expenses, for­eign exchange gains and losses on trans­ac­tions denominated in foreign currencies etc. are recognised in other net financials. Skat af årets resultatÅrets aktuelle og udskudte skatter ind­reg­nes i re­sul­tat­op­gø­rel­sen som skat af årets re­sul­tat med den del, der kan hen­fø­res til årets re­sul­tat, og di­rek­te i egen­ka­pi­ta­len med den del, der kan hen­fø­res til pos­ter ind­reg­net di­rek­te i egen­ka­pi­ta­len.Sel­ska­bet er sambeskattet med danske kon­cern­for­bund­ne virk­som­he­der. Mo­der­virk­som­he­den fun­ge­rer som ad­mi­ni­stra­tions­sel­skab for sam­be­skat­ningen og af­reg­ner som følge her­af al­le be­ta­lin­ger af sel­skabs­skat med skat­te­myn­dig­he­der­ne.Den aktuelle danske selskabsskat for­de­les ved af­reg­ning af sam­be­skat­nings­bi­drag mel­lem de sam­be­skat­te­de virk­som­he­der i for­hold til dis­ses skat­te­plig­tige ind­kom­ster. I til­knyt­ning her­til mod­ta­ger virk­som­he­der med skat­te­mæs­sigt un­der­skud sam­be­skat­nings­bi­drag fra virk­som­he­der, der har kun­net an­ven­de det­te un­der­skud til ned­sæt­tel­se af eget skat­te­mæs­sigt over­skud. Tax on profit/loss for the yearThe current and deferred tax for the year is recognised in the income statement as tax on the profit/loss for the year with the portion attributable to the profit/loss for the year, and directly in equity with the portion attributable to amounts recognised directly in equity.The company is jointly taxed with Danish consolidated enterprises. The parent is the ad­min­is­tra­tion company for the joint taxation and thus settles all income tax payments with the tax authorities.In connection with the settlement of joint taxation contributions, the current Danish income tax is allocated between the jointly taxed enterprises in proportion to their tax­able incomes. This means that enter­prises with a tax loss receive joint taxation contributions from enterprises which have been able to use this loss to reduce their own taxable profit. Immaterielle anlægsaktiverIntangible assetsFærdiggjorte udviklings­pro­jek­terCompleted de­vel­op­ment projectsUdviklingsprojekter indregnes i ba­lan­cen, hvor pro­jek­tet til­sig­ter at ud­vik­le et be­stemt pro­dukt eller en be­stemt pro­ces, som sel­ska­bet har til hen­sigt at frem­stil­le hen­holds­vis be­nyt­te i pro­duk­tio­nen. Ud­vik­lings­pro­jek­ter må­les ved før­steind­reg­ning til kost­pris. Kost­pri­sen om­fat­ter an­skaf­fel­ses­pri­sen med til­læg af om­kost­nin­ger di­rek­te for­an­le­di­get af an­skaf­fel­sen, her­un­der løn­nin­ger og af­skriv­nin­ger, der di­rek­te kan hen­fø­res til ud­vik­lings­pro­jek­ter­ne, ind­til ak­ti­vet er klar til brug. Ren­ter af lån til at fi­nan­siere ud­vik­lings­pro­jek­ter i ud­vik­lings­pe­rio­den ind­reg­nes ikke i kost­pri­sen. Øv­rige ud­vik­lings­pro­jek­ter og ud­vik­lings­om­kost­nin­ger ind­reg­nes i re­sul­tat­op­gø­rel­sen i det år, de af­hol­des.Development projects are recognised in the balance sheet where the project aims at developing a specific product or a specific process, intended to be produced or used, respectively, by the company in its productionprocess. On initial recognition, development projects are measured at cost. Cost comprises the purchase price plus expenses resulting directly from the purchase, including wages and salaries directly attributable to the development projects until the asset is ready for use. Interest on loans arranged to finance development projects in the development period is not included in the cost. Other development projects and development costs are recognised in the income statement in the year in which they are incurred.Udviklingsprojekter måles efter­føl­gende i ba­lan­cen til kost­pris med fra­drag af ak­ku­mu­le­re­de af- og ned­skriv­nin­ger.Development projects are subsequently measured in the balance sheet at cost less accumulated amortisation and impairment losses.Færdiggjorte udviklingsprojekter af­skri­ves line­ært ba­se­ret på brugs­ti­der, som frem­går af af­snit­tet ”Af- og ned­skriv­nin­ger”.Completed development projects are amortised using the straight-line method based on useful lives, which are stated in the ‘De­pre­ci­a­tion, amor­ti­sa­tion and impair­ment losses’ section.Erhvervede rettighederAcquired rightsErhvervede rettigheder måles i ba­lan­cen til kost­pris med fra­drag af ak­ku­mu­le­re­de af- og ned­skriv­nin­ger.Aquired rights are measured in the balance sheet at cost less accumulated amortisation and impairment losses.Erhvervede rettigheder afskrives line­ært ba­se­ret på brugs­ti­der, som frem­går af af­snit­tet ”Af- og ned­skriv­nin­ger”.Acquired rights are amortised using the straight-line method based on useful lives, which are stated in the ‘De­pre­ci­a­tion, amor­ti­sa­tion and impair­ment losses’ section.GoodwillGoodwillGoodwill måles i balancen til kost­pris med fra­drag af ak­ku­mu­le­re­de af- og ned­skriv­nin­ger.Goodwill is measured in the balance sheet at cost less accumulated amortisation and impairment losses.Goodwill afskrives lineært baseret på brugs­ti­der, som frem­går af af­snit­tet ”Af- og ned­skriv­nin­ger”.Goodwill is amortised using the straight-line method based on useful lives, which are stated in the ‘De­pre­ci­a­tion, amor­ti­sa­tion and impair­mment losses’ section.Gevinster eller tab ved afhæn­del­se af im­ma­te­riel­le an­lægs­ak­ti­verGains or losses on the disposal of intangi­ble assetsGevinster eller tab ved af­hæn­del­se af im­ma­te­riel­le an­lægs­ak­ti­ver op­gø­res som for­skel­len mel­lem en even­tuel salgs­pris med fra­drag af salgs­om­kost­nin­ger og den regn­skabs­mæs­si­ge vær­di på salgs­tids­punk­tet.Gains or losses on the disposal of intangible assets are determined as the difference between the selling price, if any, less selling costs and the carrying amount at the date of disposal. Materielle anlægsaktiverMaterielle anlægsaktiver om­fat­ter indretning af lejede lokaler samt andre anlæg, driftsmateriel og inventar.Materielle anlægsaktiver måles i ba­lan­cen til kost­pris med fra­drag af ak­ku­mu­le­re­de af- og ned­skriv­nin­ger. Kostprisen omfatter an­skaf­fel­ses­prisen samt om­kost­nin­ger di­rek­te til­knyt­tet an­skaf­fel­sen ind­til ak­ti­vet er klar til brug. Ren­ter af lån til at fi­nan­siere frem­stil­lin­gen ind­reg­nes ikke i kost­pri­sen.Materielle anlægsaktiver afskrives line­ært ba­se­ret på brugs­ti­der og rest­vær­dier, som frem­går af af­snit­tet ”Af- og ned­skriv­nin­ger”.Gevinster eller tab ved afhændelse af ma­te­riel­le an­lægs­ak­ti­ver op­gø­res som for­skel­len mel­lem en even­tuel salgs­pris med fra­drag af salgs­om­kost­nin­ger og den regn­skabs­mæs­si­ge vær­di på salgs­tids­punk­tet fra­truk­ket even­tuel­le om­kost­nin­ger til bort­skaf­fel­se. Property, plant and equipmentProperty, plant and equipment comprise leasehold improvements as well as other fixtures and fittings, tools and equipment.Property, plant and equipment are meas­ured in the balance sheet at cost less accumulated depreciation and impairment losses. Cost comprises the purchase price and expenses resulting directly from the purchase until the asset is ready for use. Interest on loans arranged to finance production is not included in the cost.Property, plant and equipment are depreci­ated using the straight-line method based on useful lives and residual values, which are stated in the ‘De­pre­ci­a­tion, amor­ti­sa­tion and impair­ment losses' section.Gains and losses on the disposal of property, plant and equipment are determined as the difference between the selling price, if any, less selling costs and the carrying amount at the date of disposal less any costs of disposal. Kapitalandele i tilknyttede virk­som­he­derI modervirksomhedens balance ind­reg­nes og må­les ka­pi­tal­an­de­le i dat­ter­virk­som­he­der efter in­dre vær­dis me­to­de. På ka­pi­tal­an­de­le i dat­ter­virk­som­he­der be­trag­tes in­dre vær­dis me­to­de som en må­le­me­to­de.Kapitalandele, som måles efter indre værdis me­to­de, må­les ved før­ste ind­reg­ning til kost­pris. Trans­ak­tions­om­kost­nin­ger, der di­rek­te kan hen­fø­res til er­hver­vel­sen, ind­reg­nes i kost­pri­sen for ka­pi­tal­an­de­le­ne. Trans­ak­tions­om­kost­nin­ger ved er­hver­vel­se af dat­ter­virk­som­he­der ind­reg­nes dog i re­sul­tat­op­gø­rel­sen på af­hol­del­ses­tids­punk­tet i kon­cern­regn­ska­bet. Efterfølgende indregning og måling af ka­pi­tal­an­de­le ef­ter in­dre vær­dis me­to­de inde­bæ­rer, at ka­pi­tal­an­de­le­ne må­les til den for­holds­mæs­si­ge an­del af virk­som­he­der­nes regn­skabs­mæs­si­ge in­dre vær­di, op­gjort ef­ter ejer­virk­som­he­dens regn­skabs­prak­sis, re­gu­le­ret for re­ste­ren­de vær­di af good­will samt ge­vin­ster og tab ved trans­ak­tio­ner med de på­gæl­den­de virk­som­he­der. Ka­pi­tal­an­de­le, hvor op­lys­nin­ger til brug for ind­reg­ning ef­ter in­dre vær­dis me­to­de ik­ke er kend­te, må­les til kost­pris.Kapitalandele med regnskabsmæssig ne­ga­tiv vær­di må­les til DKK 0. Til­go­de­ha­ven­der, der an­ses for at væ­re en del af den sam­le­de in­ve­ste­ring i de på­gæl­den­de virk­som­he­der, ned­skri­ves med en even­tuel re­ste­ren­de ne­ga­tiv in­dre vær­di. Øv­rige til­go­de­ha­ven­der hos dis­se virk­som­he­der ned­skri­ves i det om­fang, til­go­de­ha­ven­det vur­de­res uer­hol­de­ligt. Der ind­reg­nes en hen­sat for­plig­telse til at dæk­ke den re­ste­ren­de ne­ga­ti­ve in­dre vær­di i det om­fang, ejer­virk­som­he­den har en ret­lig eller fak­tisk for­plig­tel­se til at dæk­ke den på­gæl­den­de virk­som­heds for­plig­tel­ser.Ved erhvervelse af minoritetsandele i dat­ter­virk­som­he­der an­ven­des over­tagel­ses­me­to­den i mo­der­virk­som­he­dens ba­lan­ce, hvor­ef­ter de er­hver­ve­de iden­ti­fi­cer­bare ak­ti­ver og for­plig­tel­ser må­les til dags­vær­di på er­hver­vel­ses­tids­punk­tet.Goodwill indregnet under kapitalandele af­skri­ves line­ært på grund­lag af en in­di­vi­duel vur­de­ring af ak­ti­vets brugs­tid. Brugs­ti­den for good­will er fast­sat til 7 år for ka­pi­tal­an­de­le i dat­ter­virk­som­he­der. Brugs­ti­den er fast­sat un­der hen­syn­ta­gen til de for­ven­te­de frem­ti­di­ge net­to­ind­tæg­ter fra den virk­som­hed, som good­will er knyt­tet til.Gevinster eller tab ved afhændelse af ka­pi­tal­an­de­le op­gø­res som for­skel­len mel­lem af­hæn­del­ses­sum­men og den regn­skabs­mæs­si­ge vær­di af net­toak­ti­ver på salgs­tids­punk­tet inkl. ikke af­skre­vet good­will samt for­ven­tede om­kost­nin­ger til salg eller af­vik­ling. Ge­vin­ster og tab ind­reg­nes i re­sul­tat­op­gø­rel­sen un­der ind­tæg­ter af ka­pi­tal­an­de­le. Equity investments in group en­tre­prisesEquity investments in subsidiaries are recognised and measured according to the equity method in the balance sheet of the parent. For equity investments in subsidiaries, the equity method is considered a measurement method.On initial recognition, equity investments measured according to the equity method are measured at cost. Transaction costs directly attributable to the acquisition are recognised in the cost of equity investments. However, transaction costs on the acquisition of subsidiaries are recognised in the income statement in the consolidated financial statements at the date incurred. On subsequent recognition and measurement of equity investments according to the equity method, equity investments are measured at the proportionate share of the enterprises' equity value, determined according to the accounting policies of the parent, adjusted for the remaining value of goodwill and gains and losses on transactions with the enterprises in question. Equity investments, where information for recognition according to the equity method is not known, are measured at cost.Equity investments with a negative carrying amount are measured at DKK 0. Receivables that are considered part of the combined investment in the enterprises in question are impaired by any remaining negative equity value. Other receivables from such enterprises are impaired to the extent that such receivables are considered uncollectible. Provisions to cover the remaining negative equity value are recognised to the extent that the parent has a legal or constructive obligation to cover the liabilities of the enterprise in question.On the acquisition of non-controlling interests in subsidiaries, the the acquisition method is applied in the balance sheet of the parent, according to which the acquired identifiable assets and liabilities are measured at fair value at the date of acquisition.Goodwill recognised under equity invest­ments is amortised according to the straight-line method based on an individual assessment of the useful life of the asset. The useful life of goodwill has been de­ter­mined at 7 years for equity invest­ments in subsidiaries. The useful life has been determined in consideration of the expected future net earnings of the enterprise to which the goodwill relates.Gains or losses on disposal of equity investments are determined as the difference between the disposal consideration and the carrying amount of net assets at the time of sale, including non-amortised goodwill, as well as the expected costs of divestment or discontinuation. Gains and losses are recognised in the income statement under income from equity investments. Nedskrivning af anlægsaktiverDen regnskabsmæssige værdi af anlægs­ak­ti­ver, der ikke må­les til dags­vær­di, vur­de­res år­ligt for in­di­ka­tio­ner på vær­di­for­rin­gel­se ud over det, som ud­tryk­kes ved af­skriv­ning.Hvis sel­ska­bets realiserede afkast af et aktiv eller en grup­pe af ak­ti­ver er la­ve­re end for­ven­tet, an­ses det­te som en in­di­ka­tion på vær­di­for­rin­gel­se.Foreligger der indikationer på værdi­for­ring­el­se, fore­ta­ges ned­skriv­nings­test af hvert en­kelt ak­tivhen­holds­vis hver grup­pe af ak­ti­ver.Der foretages nedskrivning til gen­ind­vin­dings­vær­dien, hvis den­ne er la­ve­re end den regn­skabs­mæs­si­ge vær­di.Som genindvindingsværdi anvendes den hø­jes­te vær­di af net­to­salgs­pris og ka­pi­tal­vær­di. Ka­pi­tal­vær­dien op­gø­res som nu­tids­vær­dien af de for­ven­te­de net­to­pen­ge­strøm­me fra an­ven­del­sen af ak­ti­vet eller ak­tiv­grup­pen samt for­ven­te­de net­topen­ge­strøm­me ved salg af ak­ti­vet el­ler ak­tiv­grup­pen efter endt brugs­tid.Nedskrivninger tilbageføres, når be­grun­del­sen for ned­skriv­nin­gen ikke læn­ge­re består. Ned­skriv­nin­ger på good­will til­ba­ge­fø­res ikke, med­min­dre good­will indgår i den regn­skabs­mæs­si­ge værdi af ka­pi­tal­an­de­le. Impairment losses on fixed assetsThe carrying amount of fixed assets which are not measured at fair value is assessed annually for indications of impairment over and above what is reflected in de­pre­ci­a­tion and amor­ti­sa­tion.If the company's realised return on an asset or a group of assets is lower than expected, this is considered an indication of impairment.If there are indications of impairment, an impairment test is conducted of individualassets or groups of assets.The assets or groups of assets are impaired to the lower of recoverable amount and carrying amount.The higher of net selling price and value in use is used as the recoverable amount. The value in use is determined as the present value of expected net cash flows from the use of the asset or group of assets as well as expected net cash flows from the sale of the asset or group of assets after the expiry of their useful lives.Impairment losses are reversed when the reasons for the impairment no longer exist. Impairment losses on goodwill are not reversed, unless goodwill is included in the carrying amount of equity investments. TilgodehavenderTilgodehavender måles til amortiseret kost­pris, hvil­ket sæd­van­lig­vis sva­rer til på­ly­den­de vær­di med fra­drag af ned­skriv­nin­ger til imø­de­gåel­se af tab.Nedskrivninger til imødegåelse af tab op­gø­res på grund­lag af en in­di­vi­duel vur­de­ring af de en­kel­te til­go­de­ha­ven­der, når der på in­di­vi­duelt ni­veau fore­lig­ger en ob­jek­tiv in­di­ka­tion på, at et til­go­de­ha­ven­de er vær­di­for­rin­get.Deposita, der er indregnet under ak­ti­ver, om­fat­ter be­tal­te de­po­si­ta til ud­le­jer ved­rø­ren­de sel­ska­bets ind­gåe­de leje­af­ta­ler. ReceivablesReceivables are measured at amortised cost, which usually corresponds to the nom­inal value, less write-downs for bad debts.Write-downs for bad debts are determined based on an individual assessment of each receivable if there is no objective evidence of individual impairment of a receivable.Deposits recognised under assets comprise deposits paid to the lessor under leases entered into by the company. Igangværende arbejder for fremmed regningIgangværende arbejder for fremmed reg­ning må­les til salgs­vær­dien af det ud­før­te ar­bej­de med fra­drag af fore­tag­ne acon­to­fak­tu­re­rin­ger på det en­kel­te igang­væ­ren­de ar­bej­de.Salgsværdien måles på baggrund af fær­dig­gø­rel­ses­gra­den på ba­lan­ce­da­gen og de sam­le­de for­ven­te­de ind­tæg­ter på de en­kel­te igang­væ­ren­de ar­bej­der. Fær­dig­gø­rel­ses­gra­den for det en­kel­te igang­væ­ren­de ar­bej­de be­reg­nes nor­malt som for­hol­det mel­lem det an­vend­te res­sour­ce­for­brug og det to­ta­le bud­get­te­re­de res­sour­ce­for­brug. For en­kel­te igang­væ­ren­de ar­bej­der, hvor res­sour­ce­for­bru­get ik­ke kan an­ven­des som grund­lag, er der i ste­det be­nyt­tet for­hol­det mel­lem af­slut­te­de del­ak­ti­vi­te­ter og de sam­le­de del­ak­ti­vi­te­ter for det en­kel­te igang­væ­ren­de ar­bej­de.Hvis salgsværdien for et igang­væ­rende ar­bej­de ik­ke kan op­gø­res på­lide­ligt, må­les salgs­vær­dien til de med­gåe­de om­kost­nin­ger el­ler net­to­rea­li­sa­tions­vær­dien, hvis den­ne er la­ve­re.Det enkelte igangværende arbejde indreg­nes i ba­lan­cen un­der til­go­de­ha­ven­der el­ler gælds­for­plig­tel­ser af­hæn­gigt af, hvor­vidt net­to­vær­dien af salgs­vær­dien med fra­drag af mod­tag­ne for­ud­be­ta­lin­ger er po­si­tiv el­ler ne­ga­tiv.Når det er sandsynligt, at de totale om­kost­nin­ger vil over­sti­ge de sam­le­de ind­tæg­ter på det en­kel­te igang­væ­ren­de ar­bej­de, ind­reg­nes det sam­le­de for­ven­te­de tab som en hen­sat for­plig­tel­se. Work in progress for third partiesWork in progress for third parties is meas­ured at the selling price of the work per­formed less on-account invoicing made for each piece of work in progress.The selling price is measured according to the stage of completion at the balance sheet date and total expected income from each piece of work in progress. The degree of completion for each piece of work in pro­gress is normally calculated as the ratio between the resources spent and the total budgeted resource consumption. For some work in progress where the resource con­sumption cannot be used as a basis, the ratio between completed subactivities and the combined subactivities for the individ­ual piece of work in progress is used in­stead.When the selling price of a piece of work in progress cannot be determined reliably, the selling price is measured at the lower of costs incurred and net realisable value.The individual piece of work in progress is recognised under receivables or payables in the balance sheet depending on whether the net value of the selling price less pre­payments received is positive or negative.When it is likely that the total costs of the individual piece of work in progress will exceed total sales income, the total expected loss is recognised as a provision. PeriodeafgrænsningsposterPeriodeafgrænsningsposter, der er indreg­net un­der aktiver, omfatter afholdte omkost­ninger ved­rørende efterfølgende regnskabs­år. PrepaymentsPrepayments recognised under assets com­prise costs incurred in respect of subse­quent financial years. Likvide beholdningerLikvide beholdninger omfatter indestående på bankkonti samt kontante beholdninger. CashCash includes deposits in bank accounts as well as operating cash. EgenkapitalNettoopskrivning af kapitalandele, som må­les efter in­dre vær­dis me­to­de, ind­reg­nes i mo­der­virk­som­he­dens års­regn­skab un­der egen­ka­pi­ta­len i re­ser­ve for net­to­op­skriv­ning ef­ter in­dre vær­dis me­to­de i det om­fang, den regn­skabs­mæs­sige vær­di over­sti­ger kost­pri­sen.Et beløb svarende til de i balancen indreg­nede om­kost­nin­ger til in­ternt op­ar­bej­dede ud­vik­lings­pro­jek­ter ind­reg­nes i mo­der­virk­som­he­dens års­regn­skab un­der egen­ka­pi­ta­len i re­ser­ve for ud­vik­lings­om­kost­nin­ger. Re­ser­ven må­les med fra­drag af ud­skudt skat og re­du­ce­res med af- og ned­skriv­nin­ger på ak­ti­vet. Så­fremt en ned­skriv­ning af ud­vik­lings­om­kost­nin­ger se­ne­re til­bage­fø­res, re­tab­le­res re­ser­ven med et til­sva­ren­de be­løb. Re­ser­ven op­lø­ses, når ud­vik­lings­om­kost­nin­ger­ne ikke læn­ge­re ind­reg­nes i ba­lan­cen, og det re­ste­ren­de be­løb over­fø­res til over­ført re­sul­tat.Urealiserede valutakursgevinster og -tab ved om­reg­ning af net­to­in­ve­ste­rin­gen i selv­stæn­dige uden­land­ske en­he­der, ind­reg­nes under egen­ka-pi­ta­len i re­ser­ve for va­lu­ta­kurs­re­gu­le­rin­ger. Re­ser­ven op­lø­ses, når de selv­stæn­di­ge uden­land­ske en­he­der af­hæn­des. EquityThe net revaluation of equity investments measured according to the equity method is recognized in the financial statements of the parent in the net revaluation reserve in equity according to the equity method to the extent that the carrying amount exceeds the cost.An amount equivalent to internally generated development costs in the balance sheet is recognised in the financial statements of the parent in equity under reserve for development costs. The reserve is measured less deferred tax and reduced by amortisation and impairment losses on the asset. If impairment losses on development costs are subsequently reversed, the reserve will be restored with a corresponding amount. The reserve is dissolved when the development costs are no longer recognized in the balance sheet, and the remaining amount will be transferred to retained earnings.Unrealised foreign currency gains and losses from the translation of the net investment in independent foreign entities are recognised inequity under the foreign currency translation reserve. The reserve is dissolved when the independent foreign entities are disposed of. Forslag til udbytte for regnskabsåret ind­reg­nes som sær­lig post un­der egen­ka­pi­ta­len. The proposed dividend for the financial year is recognised as a separate item in equity. Hensatte forpligtelserAndre hensatte forpligtelser omfatter for­ven­te­de om­kost­nin­ger til tab på igang­væ­ren­de ar­bej­der, om­struk­tu­re­rin­ger m.v. og ind­reg­nes, når sel­ska­bet på ba­lan­ce­da­gen har en ret­lig eller fak­tisk for­plig­tel­se, og det er sand­syn­ligt, at ind­friel­se af for­plig­tel­sen vil med­føre et for­brug af sel­ska­bets øko­no­mis­ke res­sour­cer. Hen­sat­te for­plig­tel­ser må­les til net­to­rea­li­sa­tions­vær­di eller dags­vær­di, så­fremt for­plig­tel­sen for­ven­tes ind­friet på læn­ge­re sigt. ProvisionsOther provisions comprise expected ex­penses incidental to loss on work in progress, restructuring etc. and are recog­nised when the company has a legal or con­structive obligation at the balance sheet date and it is probable that such obligation will draw on the financial resources of the company. Provisions are measured at net realisable value or fair value if the provi­sion is expected to be settled over the longer term. Aktuelle og udskudte skatterSkyldig og tilgodehavende ak­tuel skat ind­reg­nes i ba­lan­cen som be­reg­net skat af årets skat­te­plig­tige ind­komst, re­gu­le­ret for be­tal­te acon­to­skat­ter.Skyldige og tilgodehavende sam­be­skat­nings­bi­drag ind­reg­nes i ba­lan­cen som sel­skabs­skat un­der til­go­de­ha­ven­der eller gælds­for­plig­tel­ser.Udskudte skatteforpligtelser og ud­skud­te skat­te­ak­ti­ver be­reg­nes af alle mid­ler­ti­di­ge for­skel­le mel­lem regn­skabs­mæs­si­ge og skat­te­mæs­sige vær­dier af ak­ti­ver og for­plig­tel­ser. I de til­fæl­de, hvor op­gø­rel­se af skat­te­­vær­dien kan fore­ta­ges efter for­skel­lige be­skat­nings­reg­ler, må­les ud­skudt skat på grund­lag af den af le­del­sen plan­lag­te an­ven­del­se af ak­ti­vet hen­holds­vis af­vik­ling af for­plig­tel­sen.Udskudte skatteaktiver indregnes med den vær­di, de ef­ter vur­de­ring for­ven­tes at kun­ne re­a­li­se-res til ved mod­reg­ning i ud­skud­te skat­te­for­plig­tel­ser in­den for sam­me skat­te­ju­ris­dik­tion eller ved ud­lig­ning i skat af frem­ti­dig ind­tje­ning.Udskudt skat måles på grundlag af de skat­te­reg­ler og skat­te­sat­ser i de re­spek­ti­ve lan­de, der med ba­lan­ce­da­gens lov­giv­ning vil være gæl­den­de, når den ud­skud­te skat for­ven­tes ud­løst som ak­tuel skat. Current and deferred taxCurrent tax payable and receivable is recognised in the balance sheet as tax computed on the basis of the taxable income for the year, adjusted for tax paid on account.Joint taxation contributions payable and receivable are recognised as income tax under receivables or payables in the balance sheet.Deferred tax liabilities and tax assets are recognised on the basis of all temporary differences between the carrying amounts and tax bases of assets and liabilities. In cases where the tax value can be determined according to different taxation rules, deferred tax is measured on the basis of management’s intended use of the asset or settlement of the liability.Deferred tax assets are recognised, following an assessment, at the expected realisable valuethrough offsetting against deferred tax liabilities within the same tax jurisdiction or elimination in tax on future earnings.Deferred tax is measured on the basis of the tax rules and at the tax rates in the respective countries which, according to the legislation in force at the balance sheet date, will be applicable when the deferred tax is expected to crystallise as current tax. GældsforpligtelserKortfristede finansielle gældsforpligtelser måles til amor­ti­se­ret kost­pris, hvil­ket nor­malt sva­rer til gæl­dens på­ly­den­de vær­di. Øvrige kortfristede gældsforpligtelser måles til net­to­reali­sa­tions­vær­di. PayablesShort-term financial payables are measured at amortised cost, normally corresponding to the nominal value of such payables. Other short-term payables are measured at net realisable value. PeriodeafgrænsningsposterPeriodeafgrænsningsposter, indregnet un­der for­pligtelser, omfatter modtagne indbe­talinger ved­rørende indtægter i de efterføl­gende regns­kabs­år. Deferred incomeDeferred income under liabilities comprises payments received in respect of income in sub­sequent financial years. Pengestrømsopgørelsen opstilles efter den indi­rekte me­to­de og vi­ser pen­ge­strøm­me fra drif­ten, in­ve­ste­rin­ger og fi­nan­sie­ring samt lik­vi­der ved årets be­gyn­del­se og slut­ning.Pengestrømme fra driften opgøres som årets re­sul­tat, re­gu­le­ret for ikke kon­tan­te drifts­pos­ter, be­tal­te sel­skabs­skat­ter og æn­drin­ger i drifts­kapi­ta­len.Pengestrømme fra investeringer omfatter be­tal­inger i for­bin­del­se med køb og salg af virk­som­he­der og fi­nan­sielle ak­ti­ver samt køb, ud­vik­ling, for­bed­ring og salg af im­ma­te­riel­le og ma­te­riel­le an­lægs­ak­ti­ver.Pengestrømme fra finansiering om­fat­ter æn­drin­ger i modervirksomhedens aktiekapital og om­kost­nin­ger for­bun­det her­med og finansi­ering fra ud­be­talt ud­byt­te til ejer­ne, samt op­ta­gel­se af og af­drag på lang­fris­te­de gælds­for­plig­tel­ser. The cash flow statement is prepared using the indirect method, showing cash flows from operating, investing and financing activities as well as cash and cash equivalents at the beginning and end of the year.Cash flows from operating activities com­prise the net profit or loss for the year, adjusted for non-cash operating items, income tax paid and changes in working capital.Cash flows from investing activities com­prise payments in connection with the ac­quisition and divestment of companies and financial assets as well as the purchase, development, improvement and sale of in­tangible assets and property, plant and equipment.Cash flows from financing activities com­prise changes in the parent’s share capital and as­so­ci­a­ted costs and finan­cing from and di­vidends paid to sharehold­ers as well as the ar­ran­ge­ment and repay­ment of long-term pay­ables. Likviditeten ved årets begyndelse og slut­ning sam­men­sæt­ter sig af lik­vi­de be­hold­nin­ger og kort­fris­tet gæld til kre­dit­ins­ti­tut­ter. Cash and cash equivalents at the beginning and end of the year comprise cash and short-term payables to credit institutions. Modervirksomheden har undladt at ud­ar­bej­de pen­ge­strøms­op­gø­rel­se med hen­vis­ning til års­regn­skabs­lo­vens § 86, stk. 4, idet mo­der­virk­som­heden ind­går i pen­ge­strøms­op­gø­rel­sen for kon­cer­nen. Referring to section 86(4) of the Danish Fi­nancial Statements Act a cash flow state­ment has not been prepared for the parent as the parent is included in the consolidated cash flow statement.