40752102 2025-07-01 2025-12-31 40752102 2025-07-01 2025-12-31 1 40752102 2025-07-01 2025-12-31 1 40752102 2025-07-01 2025-12-31 2 40752102 2025-07-01 2025-12-31 1 40752102 2025-07-01 2025-12-31 2 40752102 2025-07-01 2025-12-31 3 40752102 2025-07-01 2025-12-31 4 40752102 2024-07-01 2025-06-30 40752102 2025-12-31 40752102 2025-06-30 40752102 2025-07-01 d:ContributedCapitalMember 40752102 2025-07-01 d:ReserveForDevelopmentExpenditureMember 40752102 2025-07-01 d:RetainedEarningsMember 40752102 2025-07-01 2025-12-31 d:ContributedCapitalMember 40752102 2025-07-01 2025-12-31 d:RetainedEarningsMember 40752102 2025-12-31 d:ContributedCapitalMember 40752102 2025-12-31 d:ReserveForDevelopmentExpenditureMember 40752102 2025-12-31 d:RetainedEarningsMember 40752102 2025-07-01 d:CompletedDevelopmentProjectsMember 40752102 2025-12-31 d:CompletedDevelopmentProjectsMember 40752102 2025-07-01 2025-12-31 d:CompletedDevelopmentProjectsMember 40752102 2025-07-01 d:LeaseholdImprovementsMember 40752102 2025-07-01 d:FixturesFittingsToolsAndEquipmentMember 40752102 2025-07-01 2025-12-31 d:LeaseholdImprovementsMember 40752102 2025-07-01 2025-12-31 d:FixturesFittingsToolsAndEquipmentMember 40752102 2025-12-31 d:LeaseholdImprovementsMember 40752102 2025-12-31 d:FixturesFittingsToolsAndEquipmentMember 40752102 2025-12-31 d:LeaseholdImprovementsMember d:LeasedAssetsMember 40752102 2025-12-31 d:FixturesFittingsToolsAndEquipmentMember d:LeasedAssetsMember 40752102 2025-12-31 d:LongtermDebtToOtherCreditInstitutionsMember 40752102 2025-06-30 d:LongtermDebtToOtherCreditInstitutionsMember 40752102 2025-12-31 d:OtherPayablesIncludingTaxPayablesLiabilitiesOtherThanProvisionsLongtermMember 40752102 2025-06-30 d:LongtermBillsOfExchangePayableMember iso4217:DKK xbrli:pure Årsrapport Henrik Sørensen Regnskabsklasse B Erklæring om udvidet gennemgang Opinion 2026-06-22 Beierholm Langagervej 1 9220 Aalborg Ø Konklusion Grundlag for konklusion Basis for Opinion 2026-05-29 2024-07-01 2025-06-30 2025-07-01 Charles Lindberghs Vej 2025-12-31 40752102 32895468 2M Carnitech ApS 8 9430 Vadum Aalborg Beierholm Langagervej 1 9220 Aalborg Øst Danmark Vi har dags dato aflagt års­rap­por­ten for regn­skabs­året 01.07.25 - 31.12.25 for 2M Carnitech ApS. We have on this day presented the annual report for the financial year 01.07.25 - 31.12.25 for 2M Carnitech ApS. Årsrapporten aflægges i over­ens­stem­mel­se med års­regn­skabs­loven. The annual report is presented in accordance with the Danish Finan­cial Sta­te­ments Act. Det er vores opfattelse, at års­regn­ska­bet giver et ret­vi­sen­de bil­lede af sel­ska­bets ak­ti­ver, pas­si­ver og fi­nan­siel­le stil­ling pr. 31.12.25 og re­sul­ta­tet af sel­ska­bets ak­ti­vi­te­ter for regn­skabs­året 01.07.25 - 31.12.25. In our opinion, the financial statements give a true and fair view of the company's assets, liabilities and financial position as at 31.12.25 and of the results of the company's activities for the financial year 01.07.25 - 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. Vadum 2026-05-29 Ole Petersen Michael Feifer Møller Henrik Sørensen Formand / Chairman Michael Feifer Møller Ole Petersen Lars Degn Lerkær Til kapitalejerne i 2M Carnitech ApS To the shareholders of 2M Carnitech ApS Vi har udført udvidet gennemgang af års­regn­ska­bet for 2M Carnitech ApS for regn­skabs­året 01.07.25 - 31.12.25, der omfatter re­sul­tat­op­gø­relse, ba­lance, egen­kapital­op­gø­relse og noter, her­under op­lys­ning om an­vendt regn­skabs­prak­sis. Års­regn­ska­bet udarbejdes efter års­regn­skabs­loven.Baseret på det udførte arbejde er det vores opfattelse, at års­regn­ska­bet giver et ret­vi­sende billede af sel­ska­bets aktiver, passiver og finansielle stilling pr. 31.12.25 samt af resultatet af sel­ska­bets aktiviteter for regn­skabs­året 01.07.25 - 31.12.25 i over­ens­stem­mel­se med års­regn­skabs­loven. We have conducted an extended review of the fi­nan­cial sta­te­ments of 2M Carnitech ApS for the financial year 01.07.25 - 31.12.25, which comprise in­co­me sta­te­ment, ba­lan­ce sheet, statement of changes in equity and notes to the financial statements, including material accounting policy information. The fi­nan­cial sta­te­ments are prepared in accordance with the Danish Finan­cial Sta­te­ments Act.Based on the work performed, in our opinion, the fi­nan­cial sta­te­ments give a true and fair view of the company's financial position at 31.12.25 and of the results of the company's operations for the financial year 01.07.25 - 31.12.25 in accordance with the Danish Finan­cial Sta­te­ments Act. Vi har udført vores udvidede gennemgang i overensstemmelse med Erhvervsstyrelsens er­klæ­­rings­stan­dard for små virksomheder og FSR – danske revisorers standard om udvidet gen­nem­gang af årsregnskaber, der udarbej­des efter års­regn­skabs­loven. Vores ansvar ifølge disse standarder og krav er nær­mere beskrevet i afsnittet ”Revisors ansvar for den ud­vi­de­de gen­nem­gang af års­regn­ska­bet”. Vi er uafhængige af 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 bevis er til­stræk­ke­ligt og egnet som grund­lag for vores kon­klu­sion. We conducted our extended review in accordance with the Danish Business Authority’s Assurance Standard for Small Enterprises and FSR – Danish Auditors’ standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the ‘Auditor’s responsibilities for the extended review of the fi­nan­cial sta­te­ments’ section of our report. We are independent of the company in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our basis for conclusion. Ledelsen har ansvaret for udarbejdelsen af et års­regn­skab, der giver et ret­vi­sende bil­le­de i over­ens­stem­mel­se med års­regn­skabs­loven. Ledelsen har endvidere ansva­ret for den interne kontrol, som ledel­sen anser for nød­ven­dig for at udar­bejde et års­regn­skab uden væsent­lig fejl­infor­ma­tion, uanset om denne skyldes besvi­gel­ser eller fejl.Ved udarbejdelsen af års­regn­ska­bet er ledelsen ansvarlig for at vurdere sel­ska­bets evne til at fort­sætte drif­ten, at oplyse om forhold vedrørende fortsat drift, hvor dette er relevant, samt at udarbejde års­regn­ska­bet på grundlag af regn­skabs­prin­cip­pet om fortsat drift, med­min­dre ledelsen enten har til hen­sigt at lik­videre sel­ska­bet, ind­stil­le drif­ten eller ikke har andet rea­lis­tisk al­ter­nat­iv end at gøre dette. Management is responsible for the preparation of fi­nan­cial sta­te­ments that give a true and fair view in accordance with the the Danish Finan­cial Sta­te­ments Act, and for such internal control as management determines is necessary to enable the preparation of fi­nan­cial sta­te­ments that are free from material misstatement, whether due to fraud or error.In preparing the fi­nan­cial sta­te­ments, management is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless management either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so. Vores ansvar er at udtrykke en konklusion om års­regn­ska­bet. Dette kræver, at vi plan­læg­ger og ud­fø­rer hand­linger med henblik på at opnå begrænset sikkerhed for vores kon­klu­sion om års­regn­ska­bet og derudover udfører specifikt krævede sup­ple­rende hand­linger med henblik på at opnå yder­ligere sikkerhed for vores konklusion.En udvidet gennemgang omfatter hand­lin­ger, der primært består af fore­spørgs­ler til ledelsen og, hvor det er hen­sigts­mæs­sigt, andre i sel­ska­bet, analytiske hand­linger og de specifikt krævede supplerende hand­lin­ger samt vur­de­ring af det opnåede bevis.Omfanget af handlinger, der udføres ved en udvidet gennemgang, er mindre end ved en re­vi­sion, og vi ud­tryk­ker derfor ingen re­vi­sions­kon­klu­sion om års­regn­ska­bet. Our responsibility is to express a conclusion on the fi­nan­cial sta­te­ments. This requires that we plan and perform procedures in order to obtain limited assurance for our conclusion on the fi­nan­cial sta­te­ments and in addition perform specifically required supplementary procedures to obtain further assurance for our conclusion.An extended review comprises procedures that primarily consist of inquiries to management and others within the company, as appropriate, analytical procedures, the specifically required supplementary procedures as well as evaluation of the evidence obtained.The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on the financial statements. Ledelsen er ansvarlig for ledel­ses­be­ret­nin­gen.Vores konklusion om års­regn­ska­bet omfat­ter ikke ledelsesberetningen, og vi ud­tryk­ker ingen form for konklusion med sikker­hed om ledel­ses­beret­ningen.I tilknytning til vores udvidede gennemgang af års­regn­ska­bet er det vores ansvar at læse ledel­ses­be­ret­nin­gen og i den forbindelse overveje, om ledel­ses­be­ret­nin­gen er væ­sent­ligt in­kon­sis­tent med års­regn­ska­bet eller vores viden opnået ved den udvidede gen­nem­gang 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 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 conclusion on the fi­nan­cial sta­te­ments does not cover the management’s review, and we do not express any form of assurance conclusion there on.In connection with our extended review of the fi­nan­cial sta­te­ments, it is our responsibility to read the management’s review and in doing so consider whether the management’s review is materially inconsistent with the fi­nan­cial sta­te­ments or our knowledge obtained during the extended review, or otherwise appears to be materially misstated.Moreover, it is our responsibility to consider whether the 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 fi­nan­cial sta­te­ments and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in the management’s review. Aalborg Henrik Bjørn Statsaut. revisor mne28606 Væsentligste aktiviteterSelskabets aktiviteter består i udvikling, frem­stil­ling og salg af udstyr og løsninger til føde­vare­indu­strien. Selskabets aktiviteter er opdelt på føl­gende segmenter:Fiskeindustrien - proces og intralogi­stik­ud­styr til fiskefabrikker (primært laks)Kødindustrien - proces, pakke og intralogi­stik­udstyr til slagterier (primært svin)Inspektionsudstyr (metaldetektor/X-Ray sy­ste­mer), intralogistikudstyr og pakke­ma­ski­ner til fødevareproducenter generelt Primary activitiesThe Company's activities comprise the de­ve­lop­ment, manufacturing and sale of equipment and solutions for the food processing industry. The Company’s activities are divided into the following segments:Fish industry – processing and intralogistics equipment for fish factories (primarily salmon) Meat industry – processing, packaging and intra­logistics equipment for slaughterhouses (primarily pork) Inspection equipment (metal detectors/X-ray systems), intralogistics equipment and packaging machines for food manufacturers in general Udvikling i aktiviteter og økonomiske forholdSelskabet har med virkning fra regnskabsåret 2025 omlagt sit regnskabsår, idet selskabet pr. 1. juli 2025 blev en del af Stenseminde Holding ApS kon­cernen. Regnskabsåret er omlagt for at følge kon­cernens regnskabsår og omfatter derfor kun en periode på 6 måneder gående fra 1. juli til 31. december 2025. Selskabet er herudover fusioneret med søs­ter­sel­skabet 2M Ståldesign ApS med regn­skabs­mæs­sig virkning fra 1. juli 2025 og med 2M Carnitech ApS som det fortsættende selskab. Selskabet har valgt ikke at tilrette sammenligningstallene. Sammenligningstallene for det foregående regn­skabs­år omfatter således en 12-måneders perio­de, men omfatter ikke aktiviteten i 2M Stål­design ApS og er derfor ikke direkte sammen­lig­ne­lige med årets tal.Selskabet har i perioden realiseret en brut­to­avance på DKK 18,6 mio. mod DKK 17,1 mio. i hele det foregående regnskabsår som om­fat­tede 12 måneder.Ledelsen vurderer derfor, at aktivitetsniveauet og den underliggende vækst i selskabet har været tilfredsstillende i perioden.Resultatet før skat udgør DKK -1,9 mio. i 2025 og er i væsentlig grad påvirket af betydelige in­ve­ste­ringer i organisation, kapacitet og fremtidig vækst, herunder styrkelse af medarbejderstaben, inte­gration af aktiviteter efter fusionen med 2M Stål­design ApS samt investeringer i pro­duk­tions­apparat og udvikling. Disse investeringer er gen­nemført med henblik på at styrke selskabets mar­kedsposition og skabe grundlag for øget aktivi­tet og indtjening i de kommende år.Ledelsen anser resultatet for utilfredsstillende isoleret set, men forventet under de givne om­stæn­digheder.Selskabets egenkapital er i regnskabsåret styrket væ­sentligt som følge af fusionen og et kon­cern­til­skud fra moderselskabet. Development in activities and financial affairsWith effect from the 2025 financial year, the Company changed its financial year following the Company becoming part of the Stenseminde Holding ApS group as of 1 July 2025. The fi­nan­cial year was changed in order to align with the fi­nancial year of the Group and therefore comprises only a six-month period from 1 July to 31 December 2025.Furthermore, the Company was merged with its sister company, 2M Ståldesign ApS, with ac­coun­ting effect from 1 July 2025, with 2M Carni­tech ApS as the continuing entity. The Com­pa­ny has elected not to restate the comparative figures.Accordingly, the comparative figures for the previous financial year comprise a 12-month period, but do not include the activities of 2M Ståldesign ApS and are therefore not directly comparable with the figures for the year.During the period, the Company realised a gross profit of DKK 18.6 million compared with DKK 17.1 million in the previous financial year, which covered a full 12-month period.Management therefore considers the level of activity and the underlying growth of the Company during the period to be satisfactory.Profit before tax amounted to DKK -1.9 million in 2025 and was significantly impacted by sub­stan­tial investments in the organisation, capacity and future growth, including strengthening of the workforce, integration of activities following the merger with 2M Ståldesign ApS, as well as in­vestments in production facilities and develop­ment activities. These investments were made with the purpose of strengthening the Com­pa­ny’s market position and creating a foun­da­tion for increased activity and earnings in the coming years.Management considers the result unsatisfactory in isolation, but expected under the circum­stances.The Company’s equity was significantly strengthened during the financial year as a result of the merger and a group contribution from the parent company. Forventet udviklingLedelsen forventer i 2026 et fortsat højt ak­ti­vi­tets­niveau samt vækst i omsætningen og en for­bed­ring af indtjeningen i takt med, at de gen­nem­førte investeringer i organisation og ka­pa­ci­tet omsættes til øget omsætning og bedre drifts­mæs­sig effektivitet.Ledelsen vurderer herudover, at det nye kon­cern­tilhørsforhold vil styrke selskabets finansielle og strategiske fundament væsentligt. Selskabet for­venter fremadrettet at kunne drage fordel af kon­cernmæssige synergier, styrket ka­pi­tal­grund­lag samt et tættere samarbejde på tværs af kon­cer­nens øvrige aktiviteter.Der forventes fortsat investeringer i udvikling og vækstinitiativer i 2026, men på et mere nor­ma­li­seret niveau. Samlet set forventer ledelsen derfor en positiv udvikling i selskabets drift og re­sul­ta­ter i det kommende regnskabsår. Selskabet forventer på denne baggrund et resultat før skat på DKK 4,5 mio. til DKK 6,5 mio. for 2026. OutlookManagement expects a continued high level of activity in 2026, as well as growth in revenue and improved earnings as the investments made in the organisation and capacity are expected to translate into increased revenue and improved operational efficiency.Furthermore, Management assesses that the new group affiliation will significantly strengthen the Company’s financial and strategic foundation. Going forward, the Company expects to benefit from group synergies, a stronger capital base and closer collaboration across the Group’s other activities.Further investments in development and growth initiatives are expected in 2026, although at a more normalized level. Overall, Management there­fore expects a positive development in the Company’s operations and results in the coming financial year.Based on this, the Company expects profit before tax for 2026 to amount to between DKK 4.5 million and DKK 6.5 million. 18611105 17108215 19010624 14616466 699697 650338 40236 0 -1139452 1841411 35518 115164 776936 878927 -1880870 1077648 -407962 237515 -1472908 840133 -1472908 840133 1732446 1920164 1732446 1920164 1710652 1712161 4857322 3894209 6567974 5606370 8300420 7526534 1635581 1107593 1635581 1107593 12136863 15107088 5000024 3685205 0 1426147 519000 0 1254216 564647 581156 0 720091 319561 20211350 21102648 4309 0 21851240 22210241 30151660 29736775 250000 200000 1351308 1497728 3042008 -723035 4643316 974693 0 255656 0 255656 208422 0 558502 661635 1116164 1061612 1883088 1723247 450206 176000 5855652 10247532 3729331 7626888 5341804 3914622 1101633 3555543 7146630 1262594 23625256 26783179 25508344 28506426 30151660 29736775 Beløb i DKKFigures in DKKSel­skabs­kapitalContributed capitalReserve for udviklings­omkostningerReserve for development costsOverført resultatRetained earningsEgenkapitalopgørelse for 01.07.25 - 31.12.25Statement of changes in equity for 01.07.25 - 31.12.25Saldo pr. 01.07.25200.0001.497.728-723.036Balance as at 01.07.25Nettoeffekt ved fusion og virksomhedskøb50.0000457.171Net effect of mergers and acquisition of enterprisesKorrigeret saldo pr. 01.07.25250.0001.497.728-265.865Adjusted balance as at 01.07.25Koncerntilskud004.634.361Group contributionAf- og nedskrivninger i året0-146.420146.420Total depreciation, amortisation, impairment losses and write-downs during the yearForslag til resultatdisponering00-1.472.908Net profit/loss for the yearSaldo pr. 31.12.25250.0001.351.3083.042.008Balance as at 31.12.25 200000 1497728 -723036 50000 457171 4634361 -1472908 250000 1351308 3042008 17044996 13278763 1754487 1211849 211141 125854 53 18 0 115164 35518 0 135994 51932 640942 826995 2237704 2237704 -317540 -187718 -505258 1732446 Særlige forudsætninger for indregning af udviklingsomkostningerUdviklingsomkostninger består af aktiverede om­kostninger vedrørende udvikling af en pro­duk­tionsmaskine samt konstruktionsarbejde. Udviklingen har i høj grad været drevet af bru­ger­ønsker og efterspørgsel i markedet.Den regnskabsmæssige værdi er opgjort ud fra kost­priser på omkostninger til udvikling. Ind­reg­nin­gen af udviklingsomkostninger sker på bag­grund af, at selskabet opfylder be­tin­gel­ser­ne her­for i form af de særlige indregningskriterier, som knyt­ter sig hertil i henhold til års­regn­skabs­loven.Special conditions for recognition of development costsDevelopment costs consist of capitalized costs relating to the development of a production machine and construction work. The development has been largely driven by user wishes and market demand.The carrying amount is calculated based on the cost of development costs. The recognition of development costs is based on the company meeting the conditions for this in the form of the special recognition criteria associated with this in accordance with the Danish Financial Statements Act (Årsregnskabsloven). 5.Materielle anlægsaktiverProperty, plant and equipmentBeløb i DKKFigures in DKKInd­ret­ning af le­je­de loka­lerLeasehold improvementsAndre anlæg, drifts­ma­te­riel og in­ven­tarOther fixtures and fittings, tools and equipmentKostpris pr. 01.07.251.903.3004.601.597Cost as at 01.07.25Tilgang ved fusion og køb af virksomhed625.7782.649.545Additions relating to mergers and acquisition of enterprisesTilgang i året673.5331.139.246Additions during the yearAfgang i året-1.395.149-904.366Disposals during the yearKostpris pr. 31.12.251.807.4627.486.022Cost as at 31.12.25Af- og nedskrivninger pr. 01.07.25-191.138-707.387Depreciation and impairment losses as at 01.07.25Tilgang ved fusion og køb af virksomhed-310.341-1.795.799Additions relating to mergers and acquisition of enterprisesAfskrivninger i året-103.199-408.780Depreciation during the yearTilbageførsel af af- og ned­skriv­nin­ger på af­hæn­de­de ak­tiver507.868283.266Reversal of depreciation of and impairment losses on disposed assetsAf- og nedskrivninger pr. 31.12.25-96.810-2.628.700Depreciation and impairment losses as at 31.12.25Regnskabsmæssig værdi pr. 31.12.251.710.6524.857.322Carrying amount as at 31.12.25Regnskabsmæssig værdi af finansielt leasede aktiver pr. 31.12.2501.051.767Carrying amount of assets held under finance leases as at 31.12.25 1903300 4601597 625778 2649545 673533 1139246 -1395149 -904366 1807462 7486022 -191138 -707387 -310341 -1795799 -103199 -408780 507868 283266 -96810 -2628700 1710652 4857322 0 1051767 31.12.2530.06.25DKKDKK6.Igangværende arbejder for fremmed regningWork in progress for third partiesIgangværende arbejder for fremmed regning23.182.37427.590.060Work in progress for third partiesAcontofaktureringer-14.774.843-20.109.860On-account invoicingIgangværende arbejder for fremmed regning i alt8.407.5317.480.200Total work in progress for third partiesDer indregnes således i balancen:Work in progress for third parties is recognized in the balance sheet as:Igangværende arbejder for fremmed regning12.136.86315.107.088Work in progress for third partiesModtagne forudbetalinger vedrørende igangværende arbejder for fremmed regning, kortfristet gældsforpligtelse-3.729.331-7.626.888Prepayments received from work in progress for third parties, short-term payablesI alt8.407.5327.480.200Total -262535 0 470957 0 0 1116164 1061612 8.EventualforpligtelserContingent liabilitiesGarantiforpligtelserGuarantee commitmentsDer er gennem pengeinstitut stillet ar­bejds­ga­ran­tier overfor 3. mand for i alt t.DKK 7.782 pr. 31.12.25.Work guarantees have been provided to third parties through a bank for a total of DKK 7,782k as of 31.12.25.Andre eventualforpligtelserOther contingent liabilitiesSel­ska­bet er sambeskattet med øv­ri­ge dan­ske sel­ska­ber i kon­cer­nen og hæf­ter for­holds­mæs­sigt for sel­skabs­skat­ter og even­tu­el­le for­plig­tel­ser til at in­de­hol­de kil­de­skat på ren­ter, ro­yal­ties og ud­byt­ter for de sam­be­skat­te­de sel­ska­ber. 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 is liable for income taxes on a pro rata basis and must comply with any obligations to withhold tax at source on interest, royalties and dividends for the jointly taxed companies. The liability also includes any subsequent corrections to the calculated tax liability as a consequence of changes made to the jointly taxable income etc. 9.Andre forpligtelserOther commitmentsLeasingforpligtelserLease commitmentsSel­ska­bet har indgået lea­sing­kon­trak­ter med en rest­lø­be­tid på 6-11 må­ne­der og en sam­let for­plig­tel­se på t.DKK 40. Selskabet har indgået huslejeforpligtelser, der på balancetidspunktet udgør t.DKK 3.740 i uopsige­­lighedsperioden, som udløber 31. juli 2028.The company has concluded lease agreements with terms to maturity of 6-11 months and total lease payments of DKK 40k. The company has entered into rental obligations that at the balance sheet date amount to DKK 3,740k for the non-cancellable period, which expires on 31 July 2028. 10.SikkerhedsstillelserCharges and securityTil sikkerhed for gæld til kre­dit­in­sti­tut­ter på t.DKK 6.327 er der givet virk­som­heds­pant om­fat­tende færdiggjorte udviklingsprojekter, an­dre an­læg, drifts­ma­te­riel og in­ven­tar, indretning af lejede lokaler, vare­be­hold­nin­ger samt til­go­de­ha­ven­der fra salg og tje­nes­te­ydel­ser. Den sam­lede regn­skabs­mæs­sige vær­di af om­fat­tede ak­ti­ver ud­gør t.DKK 14.936.As security for debt to credit institutions of DKK 6,327k, a company charge has been provided comprising completed development projects, other fixtures and fittings, tools and equipment, leasehold improvements, inventories and trade receivables. The total carrying amount of the comprised assets is DKK 14,936k. 11.Nærtstående parterRelated partiesSel­ska­bet indgår i koncern­regn­ska­bet for mo­der­virk­som­he­den Stenseminde Holding ApS, Aalborg.The company is included in the consolidated finan­cial statements of the parent Stenseminde Holding ApS, Aalborg. Årsrapporten er af­lagt i over­ens­stem­mel­se med års­regn­skabs­lo­ven for virk­som­he­der i regn­skabs­klas­se B med til­valg af be­stem­mel­ser fra en hø­je­re regn­skabs­klas­se. The annual report is presen­ted in ac­cord­ance with the provisions of the Danish Fi­nan­cial Statements Act (Årsregn­skabs­lov­en) for enterprises in re­port­ing class B with application of pro­vi­sions for a higher reporting class. Ændring i anvendt regnskabspraksisSel­ska­bet har æn­dret regn­skabs­prak­sis på føl­gen­de om­rå­de:Omlægning af regnskabsårBortset fra oven­nævn­te om­rå­de er den an­vend­te regn­skabs­prak­sis uæn­dret i for­hold til sid­ste år. Change in accounting policiesThe company has changed its accounting policies in the following area:Change of financial yearExcept for the area mentioned above, the accounting policies have been applied consist­ently with the previous year. Sel­ska­bet har æn­dret regn­skabs­år fra 01.07 - 30.06 til 01.01 - 31.12. Før­ste regn­skabs­år efter om­læg­ningen ud­gør perio­den 01.07.25 - 31.12.25. Om­læg­nin­gen er gen­nem­ført som føl­ge af eta­ble­ring af nyt kon­cern­til­hørs­for­hold. Sam­men­lig­nings­tal­lene er der­for ikke sam­men­lig­ne­lige, da regn­skabs­året for sam­men­lig­nings­året er 12 må­ne­der og inde­væ­rende år er for 6 må­ne­der. The company has changed its financial year from 01.07 - 30.06 to 01.01 - 31.12. The first financial year after the change is the period 01.07.25 - 31.12.25. The change has been made as result of establishing a new group affiliation. The comparative figures are therefore not comparable since the financial information for the comparative year are for 12 months and the current year is for 6 months. Ændring i sammensætning af aktivite­ter2M Carnitech ApS har gennemført en fusion med 2M Ståldesign ApS med 2M Carnitech ApS som det fort­sæt­tende sel­skab. Fu­sio­nen er gen­nem­ført med regn­skabs­mæs­sig virk­ning pr. 01.07.25. Sel­ska­bet har an­vendt sam­men­læg­nings­me­to­den ved fu­sio­nen. Sam­men­lig­nings­tal­le­ne er ikke til­pas­set i forbindelse hermed. Change in the composition of activities2M Carnitech ApS has completed a merger with 2M Ståldesign ApS with 2M Carnitech ApS as the surviving company. The merger was com­ple­ted with accounting effect from 1 July 2025. The company has applied the pooling of interest method in connection with the merger. Con­se­quent­ly, the comparative figures have not been restated. 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. VIRKSOMHEDSSAMMENSLUTNIN­GERFor sammenslutninger af virk­som­he­der un­der­lagt den sam­me in­te­res­ses kon­trol an­ven­des sam­men­læg­nings­me­to­den. Sam­men­læg­nin­gen an­ses for gen­nem­ført fra be­gyn­del­sen af regn­skabs­året uden til­pas­ning af sam­men­lig­nings­tal. For­skels­be­lø­bet mel­lem det af­tal­te ve­der­lag og den er­hver­ve­de virk­som­heds regn­skabs­mæs­si­ge in­dre vær­di ind­reg­nes i egen­ka­pi­ta­len. BUSINESS COMBINATIONSFor combined enterprises subject to com­mon control, the pooling of interests method is used. The pooling of interests is deemed to be completed at the beginning of the financial year without restatement of comparative figures. The difference between the agreed consideration and the equity value of the acquired enterprise is recognised in equity. 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, vare­be­hold­nin­ger og an­dre ik­ke mo­ne­tæ­re ak­ti­ver, der er er­hver­vet i frem­med va­lu­ta, om­reg­nes til hi­sto­ris­ke va­lu­ta­kur­ser. 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, inventories and other non-monetary assets acquired in foreign currencies are translated using historical exchange rates. LEASINGKONTRAKTERLeasingkontrakter vedrørende ak­ti­ver, hvor sel­ska­bet har al­le væ­sent­li­ge for­de­le og ri­si­ci for­bun­det med ejen­doms­ret­ten over ak­ti­vet (fi­nan­siel­le lea­sing­kon­trak­ter), ind­reg­nes i ba­lan­cen. Fi­nan­sielt lea­se­de ak­ti­ver og der­til­hø­rende lea­sing­for­plig­tel­ser må­les ved før­ste ind­reg­ning til dags­vær­dien af det lea­se­de ak­tiv el­ler nu­tids­vær­dien af de frem­ti­di­ge lea­sing­ydel­ser, hvis den­ne er la­ve­re. Fi­nan­sielt lea­se­de ak­ti­ver beh­and­les ef­ter­føl­gende som øv­rige til­sva­ren­de ak­ti­ver.Leasingforpligtelser vedrørende fi­nan­sielt lea­se­de ak­ti­ver ind­reg­nes i ba­lan­cen som gælds­for­plig­tel­ser. Ef­ter før­ste ind­reg­ning må­les lea­sing­for­plig­tel­ser til amor­ti­se­ret kost­pris, hvor­ef­ter lea­sing­ydel­sens ren­te­del ind­reg­nes i re­sul­tat­op­gø­rel­sen over lea­sing­pe­rio­den.Leasingydelser vedrørende ope­ra­tio­nel­le lea­sing­kon­trak­ter ind­reg­nes line­ært i re­sul­tat­op­gø­rel­sen over lea­sing­pe­rio­den. LEASESLeases relating to assets where the company has substantially all the risks and benefits incidental to the ownership of the asset (finance leases) are recognised in the balance sheet. On initial recognition, assets held under finance leases and related lease commitments are measured at the lower of the fair value of the leased asset and the present value of future lease payments. Subsequently, assets held under finance leases are treated like other similar assets.Lease commitments relating to assets held under finance leases are recognised in the balance sheet as payables. Subsequent to initial recognition, lease commitments are measured at amortised cost according to which the interest element of the lease pay­ment is recognised in the income statement over the lease term.Lease payments relating to operating leases are recognised in the income statement on a straight-line basis over the lease term. TILSKUDTilskud indregnes, når der er ri­me­lig sik­ker­hed for, at til­skuds­be­tin­gel­ser­ne er op­fyldt, og at til­skud­det vil bli­ve mod­ta­get.Tilskud til dækning af afholdte om­kost­nin­ger ind­reg­nes for­holds­mæs­sigt i re­sul­tat­op­gø­rel­sen over den pe­rio­de, hvori de til­skuds­be­ret­ti­ge­de om­kost­nin­ger om­kost­nings­fø­res. Til­skud­de­ne ind­reg­nes un­der an­dre drifts­ind­tæg­ter. GRANTSGrants are recognised when there is reasonable certainty that the grant conditions have been met and that the grant will be re­ceived.Grants to cover expenses incurred are recog­nised on a proportionate basis in the in­come statement over the period in which the expenses eligible for grants are expensed. Grants are recognised under other operating income. BruttofortjenesteBruttofortjeneste indeholder nettoomsæt­ning, an­dre drifts­ind­tæg­ter og va­re­for­brug samt an­dre eks­ter­ne om­kost­nin­ger. Gross profitGross profit comprises rev­enue, other operating income and cost of sales and other external ex­penses. NettoomsætningIndtægter fra salg af varer ind­reg­nes i re­sul­tat­op­gø­rel­sen, så­fremt le­ve­ring og ri­si­ko­over­gang til kø­ber har fun­det sted in­den ud­gan­gen af regn­skabs­året, og når salgs­be­lø­bet kan op­gø­res på­li­de­ligt og for­ven­tes ind­be­talt. Net­to­om­sæt­ning må­les til dags­vær­di og op­gø­res ekskl. moms og af­gif­ter op­kræ­vet på veg­ne af tred­je­mand samt med fra­drag af ra­bat­ter.Indtægter fra entreprisekontrakter, hvor der le­ve­res ak­ti­ver med høj grad af in­di­vi­duel til­pas­ning, ind­reg­nes i re­sul­tat­op­gø­rel­sen i takt med, at pro­duk­tio­nen ud­fø­res, hvor­ved net­to­om­sæt­nin­gen sva­rer til salgs­vær­dien af årets ud­før­te ar­bej­der (pro­duk­tions­me­to­den). RevenueIncome from the sale of goods is recognised in the income statement if delivery has taken place and the risk has passed to the buyer before the end of the financial year and where the selling price can be determined reliably and is expected to be paid. Revenue is measured at fair value and is determined exclusive of VAT and other taxes collected on behalf of third parties and less discounts.Income from construction contracts involving the delivery of highly customised assets are recognised in the income statement as revenue according to the stage of completion. Accordingly, revenue corresponds to the selling price of work performed during the year (percentage of completion method). 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 an­dre va­riab­le om­kost­nin­ger, salgs­om­kost­nin­ger, bil­om­kost­ninger, lo­ka­le­om­kost­nin­ger og ad­mi­ni­stra­tions­om­kost­nin­ger. Other external expensesOther external expenses comprise other variable costs, selling costs, vehicle expenses, cost of premises and administrative expenses 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 ud­vik­lings­pro­jek­terIndretning af lejede lokalerAndre anlæg, drifts­ma­te­riel og in­ven­tarAfskrivningsgrundlaget 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, år3-10103-10The 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. Andre finansielle posterUnder andre finansielle pos­ter ind­reg­nes ren­te­ind­tæg­ter og ren­te­om­kost­nin­ger, ren­te­de­len af fi­nan­siel­le lea­sing­ydel­ser, valu­ta­kurs­ge­vin­ster og -tab ved trans­ak­tio­ner i frem­med va­lu­ta m.v. Other net financialsInterest income and interest expenses, the interest element of finance lease payments, 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. 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. 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 anlægsaktiverFærdiggjorte udviklings­pro­jek­terUdviklingsprojekter 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 før­ste ind­reg­ning til kost­pris. Kost­pri­sen om­fat­ter an­skaf­fel­ses­pri­sen med til­læg af om­kost­nin­ger di­rek­te for­an­le­di­get af an­skaf­fel­sen, her­un­der løn­nin­ger og af­skriv­nin­ger, der di­rek­te el­ler in­di­rek­te 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.Udviklingsprojekter måles efter­føl­gende i ba­lan­cen til kost­pris med fra­drag af ak­ku­mu­le­re­de af- og ned­skriv­nin­ger.Færdiggjorte udviklingsprojekter af­skri­ves line­ært ba­se­ret på brugs­ti­der, som frem­går af af­snit­tet ”Af- og ned­skriv­nin­ger”.Gevinster eller tab ved af­hæn­del­se af im­ma­te­riel­le an­lægs­ak­ti­ver op­gø­res som for­skel­len mel­lem en even­tuel salgs­pris med fra­drag af salgs­om­kost­nin­ger og den regn­skabs­mæs­si­ge vær­di på salgs­tids­punk­tet. Intangible assetsCompleted de­vel­op­ment projectsDevelopment 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 production process. 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 directlyor indirectly 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.Development projects are subsequently measured in the balance sheet at cost less accu­mu­lated amortisation and impairment losses.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.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. 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 ak­tiv hen­holds­vis 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. 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 individual assets 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. VarebeholdningerVarebeholdninger måles til kostpris på grund­lag af FIFO-metoden. Der ned­skri­ves til netto­rea­li­sa­tions­vær­dien, hvis den­ne er la­ve­re.Kostpris for råvarer og hjælpe­ma­te­ria­ler samt han­dels­va­rer op­gø­res som købs­pri­ser med til­læg af om­kost­nin­ger di­rek­te for­an­le­di­get af an­skaf­fel­sen.Nettorealisationsværdien for vare­be­hold­nin­ger op­gø­res som salgs­sum med fra­drag af fær­dig­gø­rel­ses­om­kost­nin­ger og om­kost­nin­ger, der af­hol­des for at ef­fek­tuere sal­get, og fast­sæt­tes un­der hen­syn­ta­gen til om­sæt­te­lig­hed, uku­rans og ud­vik­ling i for­ven­tet salgs­pris. InventoriesInventories are measured at cost calculated according to the FIFO-method. Inventories are written down to the lower of cost and net realisable value.The cost of raw materials and consumables as well as goods for resale is determined as purchase prices plus expenses resulting directly from the purchase.The net realisable value of inventories is determined as the selling price less costs of completion and costs necessary to make the sale and is determined taking into account marketability, obsolescence and the expected development in the selling price. 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. 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. 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. CashCash includes deposits in bank account. EgenkapitalEt beløb svarende til de i balancen indreg­nede om­kost­nin­ger til in­ternt op­ar­bej­dede ud­vik­lings­pro­jek­ter ind­reg­nes 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.Tilskud modtaget fra moder­virk­som­he­den ind­reg­nes di­rek­te i egen­ka­pi­ta­len un­der over­ført re­sul­tat, idet til­skud­de­ne regn­skabs­mæs­sigt be­hand­les som ka­pi­tal­ind­skud. EquityAn amount equivalent to internally generated development costs in the balance sheet is recognised 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.Grants received from the parent are recognised directly in equity under retained earnings, as the grants are treated as capital contributions. 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. Der ind­reg­nes dog ikke ud­skudt skat af mid­ler­ti­dige for­skel­le ved­rø­rende skat­te­mæs­sigt ikke af­skriv­nings­be­ret­ti­get good­will samt an­dre pos­ter, hvor mid­ler­ti­di­ge for­skel­le, bort­set fra virk­som­heds­over­ta­gel­ser, er op­stå­et på an­skaf­fel­ses­tids­punk­tet uden at have ef­fekt på re­sul­tat eller skat­te­plig­tig ind­komst. 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 re­a­li­se­res til ved mod­reg­ning i ud­skud­te skat­te­for­plig­tel­ser eller ved ud­lig­ning i skat af frem­ti­dig ind­tje­ning.Udskudt skat måles på grundlag af de skat­te­reg­ler og skat­te­sat­ser, 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. However, deferred tax is not recognised on temporary differences relating to goodwill which is non-amortisable for tax purposes and other items where temporary differ­ences, except for acquisitions, have arisen at the date of acquisition without affecting the net profit or loss for the year or the tax­able income. 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 value through offsetting against deferred tax liabilities or elimination in tax on future earnings.Deferred tax is measured on the basis of the tax rules and at the tax rates 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. GældsforpligtelserLangfristede gældsforpligtelser måles til kost­pris på tids­punk­tet for stif­tel­se af gælds­for­hol­det (lån­op­ta­gel­sen). Gælds­for­plig­tel­ser­ne må­les her­ef­ter til amor­ti­se­ret kost­pris, hvor kurs­tab og låne­om­kost­nin­ger ind­reg­nes i re­sul­tat­op­gø­rel­sen som en fi­nan­siel om­kost­ning over løbe­ti­den på grund­lag af den be­reg­ne­de, ef­fek­tive ren­te på tids­punk­tet for stif­tel­se af gælds­for­hol­det.Kortfristede finansielle gældsforpligtelser måles til amor­ti­se­ret kost­pris, hvil­ket nor­malt sva­rer til gæl­dens på­ly­den­de vær­di. Øvrige kortfristede gældsforpligtelser måles til net­to­reali­sa­tions­vær­di. PayablesLong-term payables are measured at cost at the time of contracting such liabilities (raising of the loan). The payables are subsequently measured at amortised cost where capital losses and loan expenses are recognised in the income statement as a financial expense over the term of the payable on the basis of the calculated effective interest rate in force at the time of contracting the liability.Short-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.