Thorco Projects ApS
Key figures
- Return on assets
- –
- Return on equity
- -53.5%
- Current ratio
- 345.6%
- Equity ratio
- 50%
Profit and loss
| Reporting period | |
|---|---|
Gross profit | -1,739,085 |
Finance income | 442,172 |
Tax expense | -1,038,496 |
Profit/loss for the year | -595,141 |
Employees
| Reporting period | |
|---|---|
Avg. employees | 0 |
Balance sheet
| Reporting period | |
|---|---|
Cash and cash equivalents | 48,261 |
Current assets | 2,113,977 |
Non-current assets | 110,000 |
Total assets | 2,223,977 |
Equity | 1,112,342 |
Liabilities | 1,111,635 |
Current liabilities | 611,635 |
Working capital
| Reporting period | |
|---|---|
Trade receivables | 0 |
Other current receivables | 15,109 |
Trade payables | 46,968 |
Capital and dividend
| Reporting period | |
|---|---|
Contributed capital | 1,226,092 |
Retained earnings | -113,750 |
Proposed dividend recognised in equity | 0 |
Investments and assets
| Reporting period | |
|---|---|
Long-term investments and receivables | 110,000 |
Annual report highlights
Business and development
The primary activities of the Company going forward are to invest in assets such as real estate and securities, besides partial or whole acquisition of operating companies outside the shipping industry. As of this date the Company has not commenced any new activities.
Risks and material matters
No events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.
Commitments and security
The Entity participates in a Danish joint taxation arrangement where Thornico Holding A/Sserves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity istherefore liable for income taxes etc. for the jointly taxed entities, and for obligations, if any, relating to the withholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements.
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