Accounting policies Reporting Class The 2025 annual report for Studstrup & Østgaard A/S Rådgivende Ingeniørfirma has been prepared in accordance with the provisions of the Danish Financial Statements Act for medium-sized enterprises in reporting class B. Reporting currency The financial statements for the company are presented in Danish kroner (DKK). The functional currency is DKK. Recognition and measurement Income is recognised in the income statement as earned. Costs incurred in generating the revenue for the year are recognised in the income statement, including amortisation, depreciation and impairment losses. Assets are recognised in the balance sheet when it is probable that future economic benefits will flow to the company, and the value of the asset can be measured reliably. Liabilities are recognised 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. On initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each individual item below. Certain financial assets and liabilities are measured at amortised cost to achieve a constant effective interest rate over the life of the asset or liability. Amortised cost is stated as original cost less any repayments plus or minus the cumulative amortisation of any difference between cost and nominal amount. In this way, capital losses and gains are amortised over the life of the asset or liability. Recognition and measurement take into consideration anticipated losses and risks that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date. Income statement Operating profit The company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Operating profit consists of external costs. External costs External costs include administrative, office, marketing as well as other costs. Financial income and costs Financial income and costs include interest and realised and unrealised foreign exchange gains and losses. Income tax for the year The company is jointly taxed with the consolidated entities in the COWI Group, including foreign subsidiaries of COWI Holding A/S. Income tax for the year, consists of current tax for the year, and is recognised in the income statement. Balance sheet Receivables Receivables are recognised initially at fair value and subsequently measured at net realisable value, corresponding to amortised cost less provision for bad and doubtful debts. Equity The management’s proposed dividend distribution for the year is disclosed as a separate equity item. Financial liabilities Other accounts payable are measured at amortised cost, materially corresponding to nominal value. Current tax receivables and liabilities Current tax receivables and liabilities are recognised net in the balance sheet as tax computed on taxable income for the year adjusted for tax on taxable income for previous years. Contingent liabilities Contingent liabilities are not recognised in the balance sheet but are disclosed only in the notes.
Aktiviteter og regnskabsforhold
5. The company's principal servicesThe company has no activity.