regnskabsaflæggelse

Regnskabsaflæggelse is the Danish process of preparing and presenting a company’s annual financial statements for a financial year. It covers the closing of the books, the compilation of the annual report (årsregnskab or årsrapport), and the disclosure of the company’s financial performance, position, and cash flows. The core documents typically include the income statement, balance sheet, and notes, often accompanied by a management’s review and information about significant accounting policies and estimates. In many cases a cash flow statement is also included, and groups may prepare consolidated financial statements.

Legal framework and audit requirements are centralized in the Danish Annual Accounts Act (Årsregnskabsloven) and related corporate governance rules. Publicly listed companies and larger entities are subject to statutory audit by a registered auditor. Smaller entities may be exempt from mandatory audit if they meet the criteria for a small company under the act, or they may choose a limited-scope audit. Regardless of audit status, the directors and management bear responsibility for accurate bookkeeping (bogføring) and for ensuring that the annual accounts comply with applicable accounting standards, which for many entities means Danish GAAP and, for certain large groups or listed entities, IFRS.

The regnskabsaflæggelse process involves preparing the year-end accounts, presenting them to the general meeting for approval, and filing the annual report with the Danish Business Authority (Erhvervsstyrelsen) within the statutory deadline. The annual report is then accessible to shareholders, lenders, and, in many cases, the public. The practice aims to provide transparent, trustworthy information about the company’s financial performance and position to stakeholders.