WTCC ApS
Key figures
- Return on assets
- –
- Return on equity
- 2,860.9%
- Current ratio
- 835.1%
- Equity ratio
- 88%
Profit and loss
| Reporting period | |
|---|---|
Gross profit | 452,000 |
Finance expenses | 129,000 |
Tax expense | 0 |
Profit/loss for the year | 117,985,000 |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 2,226,000 |
Current assets | 4,685,000 |
Total assets | 4,685,000 |
Equity | 4,124,000 |
Liabilities | 561,000 |
Current liabilities | 561,000 |
Working capital
| Reporting period | |
|---|---|
Other current payables | 39,000 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 400,000 |
Retained earnings | 3,724,000 |
Annual report highlights
Business and development
The Company's purpose is to acquire holdings in the subsidiaries Copenhagen Towers II P/S and Komplementarselskabet WTCC II A/S. The Company has been involved in the construction of stages 1 and 2 of the Copenhagen Towers project.
During the year the subsidiary secured a significant gain in connection with the sale of the office-buildings to an external party.
The income statement for 2019 shows a profit of DKK 117,985 thousand against a profit of DKK 1,013 thousand last year, and the balance sheet at 31 December 2019 shows equity of DKK 4,124 thousand.
Risks and material matters
The COVID-19 outbreak has had a significant impact on the world economy in the beginning of 2020. The COVID-19 outbreak has no effect on the Company.
Furthermore, no other significant events have occurred after the balance date that materially affect the financial statements at 31 December 2019.
Commitments and security
The Company has not provided any security or other collateral in assets at 31 December 2019.
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