Green Energy A/S

Financial statements By Function

anno 2019
Year 2xxx

No Account
110 Sale
120 Cash discounts
Cost of goods
210
sold

230 Premises expenses

240 Salary

250 Mantenance and repair

260 Depreciation Buildings

Depreciation
270
Equipment
290 Sundry costs
310 Sales Commission
Advertising
320
expense
330 Premises expenses
340 Salary
360 Depreciation Buildings
380 Bad debts expense
390 Sundry costs

410 Cash over and short

3,200.00
14,011.00 430 Premises expenses
440 Salary

450 Office expenses

460 Depreciation Buildings
Depreciation
470
Equipment
490 Sundry costs
510 Cost of staff
520 Social security
590 Distribution of wages
610 Interest revenues
650 Interest expenses
710 Corporation tax
11210 Land and buildings

Acc.
depreciation
11211
Land and
buildings

11220 Equipment
Acc.
11221 depreciation
equipment
12111 Raw materials
12112 Work in progress
12113 Finished goods
12210 Trade debtors
12220 Allowances debtors
12230 Prepayments

12410 Cash
12420 Bank deposits
12440 Giro account

Financial assets 13110 Company capital

Reserves
13440 provided by
article of ass.
13450 Other reserves
13510 Retained earnings
13775 Dividends for the year
14205 Provisions for pensions
Provisions = 14210 Deferred tax
14215 Provisions for warranties
14225 Other provisions
15100 Long term loan

Short term
15195 part of long
term loan
15200 Bank overdraft
15300 Trade creditors
15600 Corporation tax payable
15710 Input VAT

15720 Output VAT

15730 VAT payable

15740 Payable A-taxes and AM
15750 Payable ATP
15760 Other creditors
15770 Payable wages
15800 Accruals
Function

Trial Balance Adjustments

Debit Credit Debit Credit

36,589.00
183.00

22,115.00
h 514.00
469.00

1,455.00 d 28.00
991.00

b 477.00

1,689.00 28.00 d
643.00

577.00

312.00
293.00

115.00

533.00

310.00
738.00

843.00
f 12.00
b 318.00

a 436.00
161.00
12,342.00
222.00
12,563.00
723.00
386.00 c+e 146.00
i 2,375.00
18,574.00

8,910.00

795.00 b
7,157.00

1,367.00
436.00 a
1,643.00
1,381.00
3,350.00 514.00 h
3,004.00
120.00
51.00

16.00
6.00 g
128.00
27.00
3,346.00

456.00

913.00
1,142.00

825.00 525.00 i
157.00

5,026.00 c 357.00

327.00

1,725.00 503.00 c+e

2,544.00 g 6.00 15.00 f
1,850.00 i
870.00 f 3.00 873.00
2,180.00
2,180.00
873.00 2,180.00
44.00

143.00
269.00
143.00

80,045.00 80,045.00 7,725.00 7,725.00

l Trade debtors -

Finished good 3,350.00

234.50

234.50
Income Statement Balance Sheet

Debit Credit
36,589.00
183.00

22,629.00

469.00
1,483.00

991.00
477.00

1,661.00
643.00

577.00
312.00
293.00

115.00

533.00
310.00
738.00

855.00
318.00

436.00
161.00
12,342.00
222.00
12,563.00
723.00
532.00
2,375.00
18,574.00

9,705.00
7,157.00

1,803.00
1,643.00
1,381.00
2,836.00
3,004.00
120.00
51.00

10.00
128.00
27.00
3,346.00

456.00
913.00
1,142.00

1,350.00
157.00

4,669.00

327.00
2,228.00
2,553.00
1,850.00

1,307.00
44.00

143.00
269.00
143.00

48,122.00 50,408.00 34,811.00 32,525.00

2,286.00 2,286.00

50,408.00 50,408.00 34,811.00 34,811.00

"Company name-----"

Financial statements
"Year"

Income Statement for the Year

Note In 1,000.00 dkk

1000 Net sales 1 36,406.00

Cost of sales 2 (27,710.00)

2000
Gross profit 8,696.00

Distribution co 3
3000 (1,940.00)
4000 Administration 4 (2,285.00)
Profit before financial items 4,471.00

5000 Depreciation and ammortiz (1.00)

6000 Financial activities 191.00
Acc. depreciation equipment -
Profit before tax 4,661.00
7000 Tax of the year (2,375.00)

Result for the year 2,286.00

Balance Sheet
Assets Note In 1,000.00 dkk
Fixed assets

Land and build 10 8,869.00

Equipment 10 5,354.00
Cars 10 -
Machinery 10 -
Financial assets -
Total fixed assets 14,223.00
Current assets
Raw materials 1,643.00
Work in progress 1,381.00

Finished goods 2,836.00

Trade debtors 3,004.00

Allowances debtors (120.00)

Prepayments and other rec 51.00

Cash 10.00
Bank deposits 128.00
Giro Account 27.00
Total current assets 8,960.00

Total assets ###

Liabilities Note In 1,000.00 dkk

Equity

11 913.00
Other reserve
Contributed c 11 3,346.00
Reserves accor 11 1,456.00
retained earn 11 1,424.20
Dividends for 11 1,003.80
Total Equity 8,143.00
Liabilities
Provisions 1,507.00
Long-term liabilities 4,669.00

Short-term liabilities 8,864.00

Total liabilities 15,040.00

Total Liabilities a ###
Income statement

1000 Note 1 - Sales turnover

Sale
Cash discounts

Statement of Changes in Equity

Company Retained Proposed
Total
capital earnings dividend
Equity January 1, 2020 2000 Note 2 - Cost of sales
Ordinary dividend distributed
Cost of goods
sold
Profit/loss for the year Premises expenses

Equity Decembe - - - - Salary

Mantenance and repair

Depreciation Buildings
Depreciation
Equipment
Dividends for the year Sundry costs

Dividends 1,003.80
Reserves according to articles of associa 1,000.00 3,000 Note 3 - Distribution costs
Retained earnings 282.20 Sales Commission
Advertising
2,286.00 expense
Premises expenses
Salary

Depreciation Buildings
Bad debts expense

Sundry costs

Dividends = (company capicompany capital = 3,346

Retained earn (Result of the year (Income statement)-dividends-
reserves according to articles of association)
(Result of the year (Income statement)-dividends-
reserves according to articles of association)

4,000 Note 4 - Administration costs

Cash over and short
Premises expenses
Salary

Office expenses

Depreciation Buildings

Depreciation
Equipment

Sundry costs

Balance sheet
Note 10 - Fixed assets

Cost at beginning
Acquisition

Disposals
Cost at end of the period

Depreciation at beginning
Depreciation
Disposals
Depreciation at the end of

Carrying amount at the en

Note 11 - Equ

Equity at beg
Result of the
Equity at the
Notes
come statement

ote 1 - Sales turnover 1

36,589.00
sh discounts (183.00)

36,406.00

ote 2 - Cost of sales 2

(22,629.00)
emises expenses (469.00)

(1,483.00)
antenance and repair (991.00)
preciation Buildings (477.00)

-
(1,661.00)

(27,710.00)
ote 3 - Distribution costs 3
es Commission (643.00)

(577.00)
emises expenses (312.00)
(293.00)
preciation Buildings
-
d debts expense -

(115.00)

5,000.00
(1,940.00)
ote 4 - Administration costs
sh over and short 533.00 4
emises expenses (310.00)
(738.00)

ffice expenses

(855.00)
preciation Buildings (318.00)

(436.00)
(161.00)

(2,285.00)

10

alance sheet
Total fixed
ote 10 - Fixed assets Land and buildings
Equipment Cars Machinery assets
-acqui for
year ) + acqu
st at beginning 17,620.00 6,647.00 sold machi
2,436.00 1,310.00 -

(1,482.00) (800.00) -
st at end of the period 18,574.00 7,157.00 - - 25,731.00

preciation at beginning 10,197.00 2,117.00 - +depr

preciation 795.00 436.00 -
(1,287.00) (750.00) - -depr
epreciation at the end of 9,705.00 1,803.00 - -

rrying amount at the en 8,869.00 5,354.00 - - 14,223.00

11
Reserves
according to
Other article of Retained Dividends
reservesContributed capital
association earnings for the year Total equity
913.00 3,346.00 456.00 1,142.00 - 4,944.00
- - 1,000.00 282.20 1,003.80 2,286.00

913.00 3,346.00 1,456.00 1,424.20 1,003.80 8,143.00

Ratios
Changes in Balance Sheet
Change Operational Ac
Intangible Asse - 3,218
Property, Plan - 8,859 4,907
Financial Asset - 5,344
Inventory (Goo- 14,223 - 14,223
Trade Receivab - -
Other Receivab- 51 - 51
Trade Debtors - 27 - 27
Prepayments (- 128 - 128
Trade Creditor - -
Mortgage Debt #REF!
Unearned Reve 1,507 1,507
Short‐term par 4,669
Trade Payable #REF! #REF!
Tax payable 15,040 15,040
Other liabiliti 8,864 8,864
Total #REF!

Cash Flow Statement

Indirect Method
Net Profit #REF! <-- Has to be Equal to Profit of the Y
Depreciation -
Interest <-- Deleted if it says: Deffered Tax is
Deffered Tax 8,143 <-- Deleted if it does not say: Deffer

Change in Inve- 14,223

Change in Trad -
Change in Othe- 51
Change in Trad- 27
Change in Prep- 128
Change in Trad -
Change in Une 1,507
Change in Trad #REF!
Change in Tax 15,040
Change in Other 8,864
Cash Flow From #REF!
Intangible Asse- 3,218
Property, Plan - 13,766
Financial Asset - 5,344
Cash Flow From - 22,328

New Loan 12,500

Acqusition of #REF!
Acqusition of 4,669
Dividend - 20,000 <-- Remember the minus in front (B
Interest 0
Cash Flow From #REF!

Total Cash Flo #REF!

CHECK BLOCK 8,960 <-- Cash endning year - Cash Beginin

n Balance Sheet
Investment AcFinancial Activities
- 3,218
- 13,766
- 5,344

#REF!

4,669

- 22,328 #REF!

Has to be Equal to Profit of the Year in the Income Statement

Deleted if it says: Deffered Tax is fully recognized in the income statement

Deleted if it does not say: Deffered Tax is fully recognized in the income statement

Short Term D #REF!

Recievables - 179
Remember the minus in front (Both Dividend and Extraordinary Dividend

Cash endning year - Cash Begining Year