Financial statements from Denmark

Schmidt & Schmidt offers financial statements from Denmark in electronic form and their translations into English.

According to law, most Danish companies must submit annual financial statements. These data are reported in electronic form. Depending on the company’s income, balance and number of employees, the law requires different amounts of data to be published.

Reporting of financial statements in Denmark is subject to the Financial Statements Act and other regulations.

In Denmark, both national accounting standards and the IFRS are used. Companies participating in stock exchange are obliged to use the IFRS only.

Mandatory financial statements are filed to the Business agency (Erhvervsstyrelsen) which is subordinated to the Ministry of Business and Growth.

Sole proprietors are exempt from submitting financial statements to the Ministry of Business and Growth. However, they file their financial statements to tax authorities if necessary – on demand.

Joint-stock companies are obliged to file financial statements.

Limited liability companies file simplified financial statements if they meet following requirements:

• Balance up to 4 million DKK
• Income up to 8 million DKK
• Number of employees up to 12 persons

Financial statements must be filed within five months after the end of the financial year. Delays are penalized.

Full annual financial statement includes:

• Balance sheet
• Profit and loss report
• Notes
• Directors’ report
• Executive summary
• Auditor’s report

Example of a financial statement from Denmark in the Danish language.

Financial statements provide detailed information about a company’s financial state, solvency and performance of an enterprise.

Depending on the size of the enterprise, its financial statement can contain up to several hundred pages.

Financial statements are provided by the Business agency and can be requested with the use of a special online service.

Financial statements can provide valuable information about potential business partner which can be used for making decisions like purchasing capital shares or goods or taking legal action to collect debts.

To obtain financial statements of a specific enterprise, its full name and registered office address are required.

Financial statements from the trade register are public, but are provided for a fee.

Financial statements are provided in accordance with the Danish legislation and legal requirements on personal data protection.

On our website, you can make a preliminary request if a certain company’s financial statements are obtainable.