Investor Presentaiton
nuuday
Management review
Financial statements Section 1
Section 2 Section 3
Section 4 Section 5
Section 6
Parent company
Statements
1.1 | Accounting policies
1.2 | Critical accounting estimates and judgements
The Financial statements 2022 of the
parent company have been prepared
in accordance with the International
Financial Reporting Standards (IFRS) as
adopted by the European Union (EU) and
further disclosure requirements in the
Danish Financial Statements Act (report-
ing class "C stor").
The parent company accounting policies
are the same as those applied for the
Group, with the additions mentioned
below. See note 1.1 to the consolidated
financial statements for the Group's
accounting policies.
The accounting policies are unchanged
compared with the policies applied in the
Annual Report 2021.
Supplementary accounting policies
for the parent company
Investments in subsidiaries, joint ventures
and associates
The equity method is used for measuring
investments in subsidiaries, joint ventures
and associates. Under the equity
method, investments in a subsidiary, a
joint venture or an associate are recog-
nised on initial recognition at cost, and
the carrying amount is increased or
decreased to recognise the parent com-
pany's share of the profit or loss of the
investment after the date of acquisition.
The parent company's share of profit or
loss is recognised in the parent com-
pany's profit or loss. Dividends received
from investments in subsidiaries, joint
ventures and associates reduce the
carrying amount of the investment. The
parent company's share of other com-
prehensive income arising from the
investment is recognised in other
comprehensive income of the parent
company.
Reserve for capitalised development
projects
In accordance with the Danish Financial
Statements Act, the parent company
has established a non-distributable
reserve in equity regarding capitalised
development projects. This reserve will
be reversed as the development projects
are amortised or impaired.
For information on critical accounting
estimates and judgements, see note 1.2
to the consolidated financial statements.
1.3 | New accounting standards
For information on new accounting
standards for the Group, see note 1.3 to
the consolidated financial statements.
Nuuday Annual Report 2022
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