K III DENMARK K/SAktiv

The Company's objective is - directly or indirectly - to make investments and carry-on related activities. K III Denmark K/S was established with purpose to invests in private equity companies. The investment period is over and in 2022 and 2023 focus has been on divesting of the investment portfolio. In 2023, the Company divested its last portefolio company, Kasthall Group AB. Thereafter the company is without activities. Completion of divestments and expected liquidation of the partnership K III Denmark K/S was established under the terms of a limited partnership agreements entered between the general partner and the limited partners of the Company with purpose to invests in private equity companies. At 31 December 2023, the investment period is over and in 2022 and 2023 focus has been on divesting of the investment portfolio. In 2023, the Company divested its last portfolio company, Kasthall Group AB. Thereafter the company is without activities. As per the limited partnership agreement for K III Denmark K/S, as soon as practical after completion of all divestments, the General Partner and the limited partners shall procure that the partnership enters liquidation.

The income statement for 2023 shows a profit of EUR 1,420,015 against a profit of EUR 192,560 last year, and the balance sheet at 31 December 2023 shows equity of EUR 1,315,905. Change in accounting framework In previous years, the Company’s financial statements were prepared in accordance with IFRS Accounting Standards as adopted by the EU (IFRS). Due to administrative reasons, the Company has elected to change accounting framework and prepare the financial statements for 2023 in accordance with the Danish Financial Statements Act. As such, the Company has prepared the financial statements for 2023 in accordance with the Company’s accounting policies under the Danish Financial Statements Act and “Bekendtgørelse om overgang til regnskabsaflæggelse efter årsregnskabsloven” with opening balance at 1 January 2022. The change has impacted the principles for recognition and measuring of investments in subsidiaries and loan receivables from subsidiaries, which under IFRS have been measured at fair value with fair value adjustments via profit or loss. Under the Danish Financial Statements Act, investments in subsidiaries are measured at cost and loan receivables from subsidiaries are measured at amortized costs. Apart from the change in the principles for measuring of investments in subsidiaries and loan receivables from subsidiaries, the conversion did not change the methods for recognition and measuring historically applied by the Company. The comparatives for 2022 have been revis

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