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
Nuuday's consolidated financial state-
ments for 2022 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.
The consolidated financial statements
are based on the historical cost conven-
tion, except for financial assets and
liabilities that are initially measured at
fair value adjusted for transaction costs
if they are not subsequently measured
at fair value through the income state-
ment. Trade receivables are measured
at their transaction price.
When preparing the consolidated finan-
cial statements, Management makes
assumptions that affect the reported
amount of assets and liabilities at the
balance sheet date, and the reported
income and expenses for the accounting
period. The accounting estimates and
judgements considered critical to the
preparation of the consolidated financial
statements are shown in note 1.2.
The accounting policies are unchanged
compared with the policies applied in
the Annual Report 2021.
Consolidation policies
The consolidated financial statements
include the financial statements of the
parent company and subsidiaries of
which Nuuday A/S has direct or indirect
control. Joint ventures of which the
Group has joint control and associates of
which the Group has significant influence
are recognised using the equity method.
The consolidated financial statements
have been prepared on the basis of the
financial statements of Nuuday A/S and
its consolidated companies, which have
been restated to Group accounting
policies, combining items of a uniform
nature.
On consolidation, intra-group income
and expenses; shareholdings, dividends,
internal balances; and realised and unre-
alised profits and losses on transactions
between the consolidated companies
have been eliminated.
Nuuday Annual Report 2022
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