Lillehøjvej 15
8600 Silkeborg
1. januar 2020 - 31. december 2020
Virksomheden | ||
CVR-nr: | ||
Regnskabsår: | ||
Revisor | ||
CVR-nr: | ||
P-enhed: |
The executive board have today considered and approved the annual report of Bucher Industries Danmark ApS for the financial period 01.01.2020 - 31.12.2020.
The annual report is presented in accordance with the Danish Financial Statement Act.
In our opinion, the financial statement give a true and fair view of the financial position of 31.12.2020 of the company and of the result of the company´s operations of the financial year 01.01.2020 - 31.12.2020.
We recommend the annual report for adoption at the annual general meeting.
|
|
CVR: |
CVR: |
Recognition and measurement
Revenues are recognized in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortized cost are recognized. Moreover, all expenses incurred to achieve the earnings for the year are recognized in the income statement, including impairment losses and provisions.
Assets are recognized in the balance sheet when it is probable that future economic benefits attributable to the asset will flow to the Company, and the value of the asset can be measured reliably.
Liabilities are recognized in the balance sheet when it is probable that future economic benefits will flow out of the Company, and the value of the liability can be measured reliably.
Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below.
Consolidated financial statements
With reference to the Danish Financial Statements Act article 112 section 2 the company has not prepared a consolidated financial statement. The company and group companies are included in the consolidated financial statement of Bucher Industries AG, Niederweningen, Switzerland, ISIN CH002432174.
Translation policies
Transactions in foreign currencies are translated at the exchange rates at the dates of transaction.
Exchange differences arising due to differences between the transaction date rates and the rates at the dates of payment are recognized in financial income and expenses in the income statement. Where foreign exchange transactions are considered hedging of future cash flows, the value adjustments are recognized directly in equity.
Receivables, payables and other monetary items in foreign currencies that have not been settled at the balance sheet date are translated at the exchange rates at the balance sheet date. Any differences between the exchange rates at the balance sheet date and the rates at the time when the receivable or the debt arose are recognized in financial income and expenses in the income statement.
Fixed assets acquired in foreign currencies are measured at the transaction date rates.
Income Statement
External expenses
External expenses comprise expenses for Management and office expenses.
Income from investments in group enterprises
The item “Income from investments in group enterprises” in the income statement includes dividend received from investments in group enterprises.
Financial income and expenses
Financial income and expenses are recognized in the income statement at the amounts relating to the financial year.
Tax on profit/loss for the year
Tax for the year consists of current tax for the year and changes in deferred tax for the year. The tax
attributable to the profit for the year is recognized in the income statement, whereas the tax attributable to equity transactions is recognized directly in equity.
The Company is jointly taxed with wholly owned Danish subsidiaries. The tax effect of the joint taxation is allocated to enterprises in proportion to their taxable incomes.
Balance Sheet
Investments in group enterprises
Investments in group enterprises are measured at cost price or net realizable value if lower than cost price.
Net realizable value can be lower than DKK 0 if Bucher Industries Danmark ApS has a legal or constructive obligation to cover liabilities of the relevant enterprise. If net realizable value is lower than DKK 0, any receivables from there enterprises are written down by the net realizable value if it is irrecoverable. If the negative net realizable value exceeds the amount receivable, the remaining amount is recognized under provisions.
Dividend from the group enterprises is recognized as profit. Any revaluation in net realizable value will be recognized as profit or loss.
Receivables
Receivables are recognized in the balance sheet at amortized cost, which substantially corresponds to nominal value. Provisions for estimated bad debts are made.
Income tax receivable or payable
Current tax payable or receivable is recognised in the balance sheet, stated as tax calculated on this year's taxable income, adjusted for prepaid tax.
Cash and cash equivalents
Cash comprises cash in hand and bank deposits.
Deferred tax assets and liabilities
Deferred income tax is measured using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes on the basis of the intended use of the asset and settlement of the liability, respectively.
Deferred tax assets are measured at the value at which the asset is expected to be realized, either by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity.
Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation at the balance sheet date when the deferred tax is expected to be realized as current tax. Any changes in deferred tax due to changes to tax rates are recognized in the income statement or in equity if the deferred tax relates to items recognized in equity.
Financial debts
Debts are measured at amortized cost, substantially corresponding to nominal value.
Note | 2020 | 2019 | |
---|---|---|---|
kr. | kr. | ||
Nettoomsætning |
|
|
|
Eksterne omkostninger |
- |
- |
|
Resultat af ordinær primær drift |
- |
- |
|
Indtægter af kapitalandele i tilknyttede virksomheder, associerede virksomheder og kapitalinteresser |
|
|
|
Øvrige finansielle omkostninger | 1 |
- |
- |
Ordinært resultat før skat |
|
- |
|
Skat af årets resultat |
|
|
|
Årets resultat |
|
- |
|
Forslag til resultatdisponering | |||
Overført resultat |
|
- |
|
I alt |
|
- |
Note | 2020 | 2019 | |
---|---|---|---|
kr. | kr. | ||
Kapitalandele i tilknyttede virksomheder |
|
|
|
Finansielle anlægsaktiver i alt |
|
|
|
Anlægsaktiver i alt |
|
|
|
Tilgodehavender hos tilknyttede virksomheder |
|
|
|
Tilgodehavender i alt |
|
|
|
Likvide beholdninger |
|
|
|
Omsætningsaktiver i alt |
|
|
|
Aktiver i alt |
|
|
Note | 2020 | 2019 | |
---|---|---|---|
kr. | kr. | ||
Registreret kapital mv. |
|
|
|
Overført resultat |
|
|
|
Egenkapital i alt |
|
|
|
Gæld til tilknyttede virksomheder |
|
|
|
Langfristede gældsforpligtelser i alt | 2 |
|
|
Gældsforpligtelser til tilknyttede virksomheder |
|
|
|
Skyldig selskabsskat |
|
|
|
Anden gæld, herunder skyldige skatter og skyldige bidrag til social sikring |
|
|
|
Kortfristede gældsforpligtelser i alt |
|
|
|
Gældsforpligtelser i alt |
|
|
|
Passiver i alt |
|
|
2020 | 2019 | |
---|---|---|
kr. | kr. | |
Intra group interest | 6,966,859 | 6,309,972 |
Other interest | 5,008 | 5,273 |
6,971,867 | 6,315,245 |
Total debt, end of year | Repayments, next year | Longterm share | Outstanding debt after 5 years | |
---|---|---|---|---|
kr. | kr. | kr. | kr. | |
Payable to group enterprises | 295,689,726 | 0 | 295,689,726 | 74,997,021 |
Main activity of the Company is investment in Bucher Municipal A/S.
The company participates in Danish Joint Taxation arrangement. According to the joint taxation provisions of the Danish Corporation Tax Act, the company is liable for income taxes and obligations, if any, relating to the withholding of tax on interest, royalties and dividends for the jointly taxed companies.
Bucher Industries Danmark ApS and it´s subsidiaries are included in the consolidated financial statements of Bucher Industries AG, Niederweningen, Switzerland, ISIN CH0002432174. The consolidated financial statements of Bucher Industries AG can be downloaded on the company´s website www.bucherindustries.com.
2020 | |||
---|---|---|---|
Gennemsnitligt antal ansatte |
|