Order On Accounting For Folk High Schools, Continuation Schools, Home Schools And Trade Schools (Private Boarding Schools), Independent Schools, Private Schools For Secondary Education, Etc., And Production Schools

Original Language Title: Bekendtgørelse om regnskab for folkehøjskoler, efterskoler, husholdningsskoler og håndarbejdsskoler (frie kostskoler), frie grundskoler, private skoler for gymnasiale uddannelser m.v. og produktionsskoler

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Overview (table of contents)

Chapter 1

accounting


Chapter 2

Fixed assets, depreciation, net profit etc.


Chapter 3

Commencement and transitional rules


Annex 1.1

Standard Annual


Annex 1.2

Financial Highlights


Appendix 1.3

Income


Annex 1.4

balance


Annex 1.5

Cash flow statement


Annex 1.6

notes


Annex 1.7

Special specifications


Annex 2.1

Standard Annual


Annex 2.2

Financial Highlights


Annex 2.3

Income statement


Annex 2.4

balance


Annex 2.5

Cash flow statement


Annex 2.6

notes


Annex 2.7

Special specifications


Annex 2.8

Especially for combined schools


Annex 3.1

Standard Annual


Annex 3.2

Financial Highlights


Annex 3.3

Income statement


Annex 3.4

balance


Annex 3.5

Cash flow statement


Annex 3.6

notes


Annex 3.7

Special specifications


The full text
Executive Order on accounts of folk high schools, continuation schools, home schools and trade schools (private boarding schools), independent schools, private schools for secondary education, etc., and production schools
Pursuant to § 24a paragraph. 6 and § 39 paragraph. 1, of the Danish folk high schools, continuation schools, home schools and trade schools (private boarding schools), see. Legislative Decree no. 689 of 22 June 2011, as amended by Act no. 1350 of 21 December 2012, § 11 a paragraph. 3, § 24 and § 37 paragraph. 5 of the Act on Private Independent Schools, see. Legislative Decree no. 166 of 25 February 2013, § 23 paragraph. 3 of the Act on private secondary schools, student courses and courses for the higher preparatory examination (hf courses), see. Legislative Decree no. 950 of 24 September 2012, § 15 paragraph. 5 of the Act on production schools see. Legislative Decree no. 456 of 23 May 2012 as:

Chapter 1

Accounting

§ 1. The accounts must be in accordance with accounting law, see. However, § 2. 1, 3rd section.

PCS. 2. The Board is responsible for maintaining accounting material in a safe manner for 5 years from the end of the financial year in which such material related.

§ 2. The financial year is the calendar year. At year-end draw up the school an annual report in accordance with the Annual Accounts Act for corporations, class B, with the exceptions listed in subsection. 2. All amounts in the Annual Report are stated in Danish kroner.

PCS. 2. The following provisions of the Danish Financial Statements Act shall not apply: §§ 1-7, § 8 paragraph. 2, 2nd and 4th sections., § 9 paragraph. 2, § 10a, §§ 16-18, § 19 paragraph. 2, §§ 20 and 21, § 22, stk. 2 and 3, § 23, § 26 paragraph. 3, 3rd clause., §§ 29 and 32, §§ 34 and 35, § 37 paragraph. 2 and 3, §§ 38, 43a and 48, § 49 paragraph. 1, point 2., § 49 paragraph. 1 pt. 1, § 49 paragraph. 2, no. 2, § 49 paragraph. 3, § 53 paragraph. 1, 3rd clause., § 53 paragraph. 2, no. 1, point c, § 53 paragraph. 2, Nos. 4 and 5, § 56 paragraph. 1-3, § 56 paragraph. 4, 2nd sentence., § 62, § 64 paragraph. 3, §§ 66 and 67, §§ 70-76, and Title IV, with the exception of § 86 paragraph. 1-3, § 88, § 98 c paragraph. 1, point 1., § 99 paragraph. 1, Nos. 1-6, § 100 and § 101 paragraph. 1, no. 1-2. Furthermore, Title V-XI and Appendix 2 do not apply.

PCS. 3. The annual report shall have the following minimum content:

1) Management Statement, Management's signatures and the Board's declaration of interest referred to. § 3, paragraph. 2.

2) The independent auditor's report.

3) General information about the institution.

4) Management Report, including the financial highlights.

5) Accounting policies.

6) Profit and loss account.

7) Balance.

8) Cash flow statement

9) Notes to the financial statements.

10) Special specifications.


PCS. 4. For independent boarding schools must annual report also include comparative information and follow set out in Annex 1.2 and the related requirements of Annex 1.3 to 1.7. For independent schools and private schools for secondary education, etc. shall be the annual report also include comparative information and follow set out in Annex 2.1 and the related requirements of Annex 2.2 to 2.8. For production schools must annual report also include comparative information and follow set out in Annex 3.1 and the related requirements of Annex 3.2 to 3.7.

§ 3. The annual report shall be signed in accordance with the provisions of Chapter 2 of the Annual Accounts Act and endorsed by the auditor.

PCS. 2. In connection with the signatures, the members of the Board to make a declaration on their honor that they fulfill the legal capacity requirements of § 7, paragraph. 2 and 3 of the Act on public schools, continuation schools, home schools and trade schools (private boarding schools), § 5, paragraph. 8 and 9, in Free School Act, § 4, paragraph. 3 and 4 of the Act on private secondary schools, student courses and courses for the higher preparatory examination (hf courses) and in § 6 paragraph. 3 and 4 of the Act on production schools.

PCS. 3. The Board is responsible for that original, signed annual report as well as an original, signed audit report kept by the school, see. Paragraph. 1.

PCS. 4. The Board of Directors decides on the auditor's remarks, directions and conclusions in the audit. The Board shall report its position and its comments on the audit report to the Ministry along with the annual report.

PCS. 5. The Board is responsible for that school before 1 May of the year following the financial year to the Ministry of Education electronic reports its financial information, audit report and the auditor's answering auditor checklist.

PCS. 6. The Board authorizes a person on behalf of the Board to sign the electronic reporting referred to. Paragraphs. 5, digitally. The reported information must be consistent with the material kept by the school, see. Paragraph. 3.

Chapter 2

Fixed assets, depreciation, net profit etc.
Fixed assets and depreciation

§ 4. The school prepares a fixed asset register of assets with a value of 15,000 kr. Excluding VAT. Assets costing less than this threshold are expensed in the year of acquisition.

PCS. 2. To the extent that the school has furniture, equipment, etc. which are made available free of charge by others behave school this separately in the fixed assets register.

§ 5. The depreciation of fixed assets using the school straight-line depreciation over the expected useful life after deducting any residual value. The school presents the depreciation principles on accounting policies.

PCS. 2. The school can make activation of acquisitions that have a value below the in § 4, paragraph. 1 limit, if they are intended to function together, and the total purchase price exceeds the in § 4, paragraph. 1 limit.

§ 6. The amortization period for leasehold improvements may not exceed the remaining rental period. If not provided a rental period, the amortization period shall be 5 years.

§ 7. The school write off buildings exclusive installations over a maximum of 60 years. The school uses a residual value of not more than 50 per cent. The school sets depreciation period and residual value on the basis of an assessment of the building's maintenance, construction and use.

PCS. 2. For other tangible fixed assets using the school following depreciation periods:

1) The school shall charge the building installations for their art over a period of 10- 30 years.

2) The school write off IT equipment over a period of 3-5 years.

3) The school shall charge the other equipment and furniture over a period of 5-15 years.

4) The school shall charge the cars, buses, tractors, etc. over a period of 3-8 years.

PCS. 3. For the inventory and equipment items of special nature and listed buildings, the school can determine a longer amortization period. Reasons stated under accounting policies.

Chapter 3

Commencement and transitional rules

§ 8. This Order shall enter into force on 20 December 2013 and applies for financial year 2013 and future periods.

PCS. 2. Order no. 1234 of 4 December 2006 on accounting for folk high schools, continuation schools, home schools and trade schools (private boarding schools), order no. 1190 of 8 December 2008 on accounting for independent schools and private schools for secondary education, etc., and Executive Order No. . 1236 of 4 december 2006 on the accounting for production schools are abolished, but does apply for fiscal year 2012.

Quality and Supervision Agency, December 16, 2013

PMV
Jacob Holbraad

Director / Henny Winther Hansen



Annex 1.1

Standard Annual
Folk high schools, continuation schools, home schools and trade schools (private boarding schools)
In the case of schools, combining free elementary or private secondary education and free boarding school, the school shall accounts in accordance with Annex 2 of the special conditions contained in Annex 2.8
the annual report shall be presented by the following model:

1. Statement by the Executive and the Board's sworn statement
The annual report shall include the management statement (that and the signatures of the board members and the school principal) and the Board's declaration on their honor to meet the impartiality requirements of § 7 of the Danish folk high schools, schools, home schools and trade schools (private boarding schools).

2. The independent auditor's report

3. General information about the school
This information will include be:
- School name, domicile, CVR no., telephone and fax no., school website and e-mail address.
- School purposes.
- School Board stating the chairman, vice chairman and other board members with names and addresses.
- School superintendent / supervisor and any other. other members of the school management.
- School accountant.

4. Management report
With regard to the content of the management report refer to the provisions of the Danish Financial Statements Act § 99, Nos. 1-6, § 100, § 101 paragraph. 1 pt. 1 and 2, and the minimum requirements for financial and operational data, as shown in Annex 1.2.
The management report must include include:
- A description of the school's main activities.
- Financial highlights. Minimum requirement for the content of financial highlights presented in Annex 1.2.
- A description of any uncertainty in the valuation of assets and liabilities etc.
- A description of unusual conditions that may have affected the calculation, as far as possible with the sums.
- Board description of the school's activities during the year, as well as a statement that complements the figures in the annual report, including comments on the school's performance, economy, liquidity and development in the number of students per year.
- An explanation of what the school has received in inclusion grants, and grants are referred. § 24a paragraph. 1, of the Danish folk high schools, continuation schools, home schools and trade schools (private boarding schools), including:
the inclusion measures the school has launched
how many students who participated therein
how inclusion activities have been organized in relation to other school activities, and
a general statement about the school's evaluation of its inclusion measures.
(The above statement on the application of inclusion subsidy does not apply to high schools)
- Supervisory Board's report for significant economic relations with other institutions that receive government grants.
- Supervisory Board's report for significant events occurring after the reporting period.
- Board of Directors' assessment of and expectations for both student access and activities as economic conditions in (the) future.

5. Accounting policies
This shall include contain the following information:
- The regulatory framework as the annual report has been prepared using, eg "Danish Financial Statements Act for reporting class B enterprises with the exceptions set out in the executive order on accounting for folk high schools, continuation schools, home schools and trade schools (private boarding schools), independent schools , private schools for secondary education, etc., and production schools. . "
- Any changes in accounting policies and their impact on the annual report.
- Used allocation formulas and assumptions.
- Accruals (including prepaid expenses and advances received income).
- Any extraordinary items, see. Annual Accounts Act definition.
- Fixed assets: Valuation, depreciation principle and ups and downs, the limit for the minor assets are expensed in the year, etc.
- Receivables, including how any expected losses is calculated.
- Securities: Valuation principle.
- Debt.

6. Income Statement. The content and format shown in Annex 1.3.

7. Balance. The content and format set out in Annex 1.4.

8. Cash flow statement. The content and format shown in Annex 1.5.

9. Notes. The content and format set out in Annex 1.6.

10. Special specifications. The content and format set out in Annex 1.7.



Annex 1.2

Financial Highlights
(Folk high schools, continuation schools, home schools and trade schools (private boarding schools))
All financial highlights should be from the financial year and the four preceding financial year.

Income statement


(In kr.)
Total revenue.
Which government subsidies.
Costs for operation in total.
Operating income before financial and extraordinary items.
Total financials.
Operating profit before exceptional items.
Extraordinary items in total.
Profit.

balance

(In kr.)
Total fixed assets.
Total Current Assets.
Balance sheet.
End equity.
Total provisions.
Long-term debt in total.
Short-term debt in total.

Cash flow statement

(In kr.)
Cash flow effect in total.
Of Investments cash flow total.
Of funding liquidity effect in total.
Cash flow, net (sum of net cash flow from operations, investments and financing).

Financial ratios

Operating margin (= Operating profit before exceptional items / Total revenues x 100).
Liquidity ratio (= Total current assets / current liabilities x 100).
Equity ratio (= Total equity / Total assets x 100).
Financing ratio (= Long-term debt in total / Tangible assets x 100).
Overall student payment per. annual student.
Number of students per year in the financial year.
Number of students per year in boarding.
Annual students in the school year (within the law).
Number of teacher FTEs.
Time equivalents for other staff.
Number of FTEs in total (including the percentage of which are employed on special conditions (social clauses)).
Annual students per. teacher FTEs.
Teacher Salary costs per. annual student.
Other labor costs. annual student.
Total labor costs per. annual student.
Education Cost per. annual student.
Property expenses per. annual student.
Diet Chamber Costs per. annual student.
Administration Costs per. annual student.
FTEs (= sum of full-time and part-time employees, including hourly-paid, full-time equivalent).
Teacher FTEs at schools as well as household and trade schools (= Managers (including principals, vice principals and department heads) and teachers).
Teacher Man-year folk high schools (= rulers and teachers).
Labour costs are calculated net as received reimbursements etc. relating to salary offset.



Appendix 1.3


Income (Folk high schools, continuation schools, home schools and trade schools (private boarding schools))











Income statement for the year 20xx

















Notice





20xx



20xx-1








(In kr.)



(In t. Kr.)






REVENUE








1



Government subsidies







2



School fees mm (student payment etc.)







3



Other income and subsidies











Total income




















EXPENSES




















Education








4



Labour costs







5



Other costs related. teaching










Education in all




















Property Operating








6



Labour costs







7



Other costs related. property management










Property services in all




















Diet Chamber








8



Labour costs







9



Other costs related. boarding











Diet Chamber in all




















Administration etc.








10



Labour costs







11



Other costs related. administration etc.










Administration, etc. in all




















Costs related. operating a total




















Operating income before financial and extraordinary items




















Financials








12



Interest income







13



Interest expenses, etc.










Total financials




















Operating profit before exceptional items





















Extraordinary items








14



Extraordinary income







15



Extraordinary expenses










Extraordinary items in total




















PROFIT












Annex 1.4


Balance (Folk high schools, continuation schools, home schools and trade schools (private boarding schools))











Balance sheet. 31 December 20XX

















Notice




ASSETS




20xx



20xx-1








(In kr.)



(In t. Kr.)






Fixed assets








16




Tangible assets











(To be specified and included in plant and equipment schedule and may include leasehold improvements, land, buildings, fixtures and equipment, vehicles, etc.)







17




Financial assets












(Specified in the note).



















Total fixed assets




















Current assets








18



Inventories o. Etc., If available.







19



Receivables (debtors)







20



Prepayments







21



securities







22



Cash










Total current assets




















Total assets

















Notice




LIABILITIES




20xx



20xx-1








(In kr.)



(In t. Kr.)






equity









16



revaluation







23



reserves







23



Equity also










Total equity

















24



Provisions











Total provisions



















debt








25




Long-term debt











Statslån










Municipal loans










mortgage loan










Other long-term debt











Long-term debt totaling





















Short-term debt












Current portion of long-term debt







26



Other short-term debt







27



Prepayments











Short-term debt totaling




















Total debt




















Total liabilities

















28



Other liabilities












Annex 1.5

Cash flow statement










financial



The comparative figures from the previous year






(Whole kr.)



(T. Kr.)











Cash flow effect







Net profit






Adjustments to reconcile net income to cash derived from operating activities:








Depreciation and other operating items that do not have impact on liquidity








Gain on sale of fixed assets









Increase / decrease in current assets and current liabilities, etc. The individual items show.







Cash flow effect totaling















Investment cash flow









Payments for fixed assets.








Received from the sale of fixed assets.














Investment cash flow totaling















Of Funding liquidity effect
















Repayment of debt.








Borrowings.














Of Funding liquidity effect in all















Net cash from operating, investing and financing
















Cash and cash equivalents per. 1 January of the year








The sum of net cash flow from operating, investing and financing








Cash and cash equivalents per. 31 December of the financial year










Annex 1.6


Notes (Folk high schools, continuation schools, home schools and trade schools (private boarding schools))

Note no. 1 - Subsidies

The note must contain the following specification:
• Basic subsidy
• Taximeter
• Grants for high-priority groups of students (surcharges)
• Building Basic subsidy and building taximeter

• Grants for special education, etc. of students with special needs and education etc. of severely disabled students
• Grants for inclusion, see. § 24a paragraph. 1, of the Danish folk high schools, continuation schools, home schools and trade schools (private boarding schools)
• Grants for students who are under 18 years at the beginning (youth schools, home schools and trade schools)
• Other grants

Note no. 2 - School fees mm (student payment etc.)

The note must contain the following specification:
• Government student support for students at schools
• Student Payment, including municipal contributions to student payment and enrollment and withdrawal fee
• Individual student support for students at schools
• Payment for materials, field trips, etc.
• Municipal subsidies, excluding subsidies for student payment

Note no. 3 - Other income

The note must contain the following specification:
• Payment of participants covered by the Act on Active Employment
• Income from courses outside the law
• Rental income from premises, etc.
• Rental income housing, housing contribution etc.
• Employee pay for diet
• Employee pay for light, heat, etc.
• quota school board members
• other income from other activities
• Gifts and private grants
• other revenue and other grants

Note no. 4 - Labour costs relating to educational

The note should contain the following minimum specification, distinguishing between wages and payroll expenses and lønrefusioner etc. for courses within the law and courses outside the law:
Courses within the law:
• Salaries and payroll costs including . pension (before deducting lønrefusioner etc.)
• Lønrefusioner
• Grants under the Act on maternity equalization
Courses outside the law:
• Salaries and payroll expenses incl. pension (before deducting lønrefusioner etc.)
• Lønrefusioner
• Grants under the Act on maternity equalization
The following types of positions covered by the note: Head, teachers and other staff for education, including support educators, etc. and staff employed to help the mentally or physically disabled students. To the extent employees perform functions other than education, attributed a proportionate share of the remuneration for labor costs relating to these features.

Note no. 5 - Other costs relating to educational

The note must contain the following specification:
• Educational materials
• Books, magazines, etc.
• Photocopying
• Cabins and excursions
• Fees for lecturers
• Furniture and equipment maintenance
• Inventory and equipment acquisition
• Inventory and equipment rental and leasing
• Travel expenses for education (incl. the operation of buses)
• Depreciation relating to educational
• Other costs relating to educational | ||
Note no. 6 - Labour costs relating. property management

The note should contain the following minimum specification, distinguishing between wages and payroll expenses and lønrefusioner etc. for example janitor own cleaning staff and other personnel on buildings and grounds.
• Salaries and payroll expenses incl. pension (before deducting lønrefusioner etc.)
• Lønrefusioner
• Grants under the Act on maternity equalization
To the extent employees perform functions other than property management, attributed a proportionate share of the remuneration for labor costs relating to these features.

Notice no. 7 - Other expenses relating to property management

The note must contain the following specification:
• Rental expense
• Taxes, duties and property insurance
• Heating, electricity and water

• Cleaning Maintenance
• Depreciation on property | || • Other costs related to property management

Notice no. 8 - Labour costs related to boarding

The note should contain the following minimum specification, distinguishing between wages and payroll expenses and lønrefusioner etc., for example, teachers, matron and kitchen assistant and other staff at the boarding school.
• Salaries and payroll expenses incl. pension (before deducting lønrefusioner etc.)
• Wage reimbursement
• Grants under the Act on maternity equalization
To the extent employees perform functions other than those relating to the boarding school, assigned a proportionate share of the remuneration for labor costs relating to these features.

Notice no. 9 - Other costs related to boarding

The note must contain the following specification:
• Food, possibly. EU subsidies for food deducted

• Equipment Leasing furniture

• Leisure activities / weekends
• Depreciation on boarding
• Other costs related to boarding

Note no. 10 - Labour costs relating to administration, etc.

The note must contain the following specification, distinguishing between wages and payroll expenses and lønrefusioner to, etc., eg manager and office staff.
• Salaries and payroll expenses incl. pension (before deducting lønrefusioner etc.)
• Wage reimbursement
• Grants under the Act on maternity equalization
To the extent employees perform functions other than administration, attributed a proportionate share of the remuneration for labor costs relating to these features.

Note no. 11 - Other costs for administration etc.

The note must contain the following specification:
• Revision
• Carrying assistance
• Other consulting
• Bad debts (incl. Fees)
• Marketing (eg yearbook, PR, ads etc.)
• Job
• Office supplies, postage, telephone, etc.
• Office equipment, maintenance
• Office furniture, acquisition
• Renting or leasing of furniture
• Depreciation on administration, etc. || | • staff
• Statutory duties regarding personnel
• Representation
• Other costs related. administration etc.

Note no. 12 - Interest income

The note must contain the following specification:
• Interest income from cash accounts
• Interest, securities
• Realized and unrealized gains

Note no. 13 - Interest expenses, etc.

The note must contain the following specification:
• Mortgage Interest
• Interest on loans / overdraft facilities, etc.
• Interest on late payments etc.
• Realized and unrealized capital losses

Note no. 14 - Extraordinary income

The note specified where appropriate.

Note no. 15 - Extraordinary expenses

The note specified where appropriate.

Note no. 16 - Plant details

The note is mandatory and must follow the layout of the first column, while the other columns adapted to the individual school circumstances.









Land and buildings



Furniture and equipment



Bus, tractors and other vehicles







Education


Kostaf-sharing


Administration and others





Total cost. 1/1 - xxxx










Additions at cost










Disposals at cost










Total cost. 31/12 - xxxx




















Revaluations at. 1/1 - xxxx











Revaluation during the year










Revaluations at. 31/12 - xxxx




















Accumulated depreciation and impairment at. 1/1 - xxxx










Depreciation and amortization










Reversal of depreciation of assets sold










Accumulated depreciation and impairment at. 31/12 - xxxx




















Book value per. 31/12 - xxxx




















Cash Assessment of properties per. 1/1 - xxxx










The value of completed not considered extensions to existing buildings.












Note no. 17 - Investments

The note specified and may include only those deposits, bank stocks and shares in utilities, see. Code provision on investment of the cash (securities in the form of bonds included in current assets).

Note no. 18 - Inventories

The note may be included if the school has inventories of a certain size, and it is considered necessary to assess the value of inventory.

Note no. 19 - Receivables

The note must be specified in the individual groups of receivables, such as municipal grants, school fees, government grants and other receivables, as well as the amount that may be deducted for bad debts.

Note no. 20 - Deferred income (expenses)

The note should specify, inter alia, prepaid wages, prepaid rent and other prepayments.

Note no. 21 - Securities

The note specified in the inventory groups.

Note no. 22 - Cash

Specified in the cash and bank balances.

Note no. 23 - Equity

The individual items in equity are specified so that the movements for the year shown.

Note no. 24 - Provisions


The individual items are specified so that the movements for the year shown and the items divided into current and non-current liabilities.

Note no. 25 - Long-term debt

The individual loans are specified, and residual maturity stated. If the school has government must state whether there is grace loan or not. The portion of long-term loans due after 5 years stated in the note.

Note no. 26 - Other current liabilities

The note specified so that it at least shows how much it owed a tax form, also indicated other amounts payable in connection with payroll, wages and salaries and pension contributions, holiday pay, unused additional student support, debt to banks / credit line, ( including overdraft maximum) and other debt.

Note no. 27 - Prepaid expenses (income)

The note should specify, inter alia, advance received government subsidies received in advance communal grants, pre received tuition fees and other advance amount received, etc.

Note no. 28 - Other liabilities

The note should include a breakdown of the school's any lease and rental liabilities, security, etc. It should also be stated here if the school has furniture, etc., buildings, leases or the like that are made available free of charge by others, including the conditions attached thereto (eg duty of maintenance and the like).



Annex 1.7

Special specifications
(Folk high schools, continuation schools, home schools and trade schools (private boarding schools))
Financial hedging instruments:







The year's adjustment to equity


Throughout kr.



Total accumulated adjustments to equity


Throughout kr.





Berths:









20xx


20xx-1


20xx-2


20xx-3


20xx-4



Number of beds, see. § 3, 4 and 5 of grants Order








Average current cost. bed space, see. § 3 in grants Order










Activities outside the law:









20xx


20xx-1


20xx-2


20xx-3


20xx-4



revenues








Labour costs








Other costs









Results













Annex 2.1

Standard Annual Report

Free primary schools and private schools for secondary education, etc.
school that combines free elementary or private secondary education and free boarding school, reporting under this Annex with the specific conditions set out in Annex 2.8.
The annual report shall be presented by the following model:

1. Statement by the Executive and the Board's sworn statement
The annual report shall include the management statement (that and the signatures of the board members and the school principal) and the Board's declaration on their honor to meet the impartiality requirements of § 5 of the Free School Act and § 4 the Act on private secondary schools and courses for higher preparatory examination (hf courses).

2. The independent auditor's report

3. General information about the school
This information will include be:
- School name, domicile, CVR no., telephone and fax no., school website and e-mail address.
- School purposes.
- School Board stating the chairman, vice chairman and other board members with names and addresses.
- School superintendent / supervisor and any other. other members of the school management.
- School accountant.

4. Management report
With regard to the content of the management report refer to the provisions of the Danish Financial Statements Act § 99, Nos. 1-6, § 100, § 101 paragraph. 1 pt. 1 and 2, and the minimum requirements for financial and operational data, as shown in Annex 2.2.
The management report must include include:
- A description of the school's main activities.
- Financial highlights. Minimum requirement for the content of financial highlights presented in Annex 2.1 and combined schools Annex 2.1 and 2.8.
- A description of any uncertainty in the valuation of assets and liabilities etc.
- A description of unusual conditions that may have affected the calculation, as far as possible with the sums.
- Board description of the school's activities during the year, as well as a statement that complements the figures in the annual report, including comments on the school's performance, economy, liquidity and development in the number of students per year.
- An explanation of what the school has received in inclusion grants, and grants are referred. Free School Act § 11a paragraph. 1 and 2, including
the inclusion measures the school has launched
where many students have participated and
how inclusion activities have been organized in relation to other school activities.
- Supervisory Board's report for significant economic relations with other institutions that receive government grants.
- Supervisory Board's report for significant events occurring after the reporting period.
- Board of Directors' assessment of and expectations for both student access and activities as economic conditions in (the) future.

5. Accounting policies
This shall include contain the following information:
- The regulatory framework as the annual report has been prepared using, eg "Danish Financial Statements Act for reporting class B enterprises with the exceptions set out in the executive order on accounting for folk high schools, continuation schools, home schools and trade schools (private boarding schools), independent schools , private schools for secondary education, etc., and production schools. "
- Any changes in accounting policies and their impact on the annual report.
- Used allocation formulas and assumptions.
- Accruals (including prepaid expenses and advances received income).
- Any extraordinary items, see. Annual Accounts Act definition.
- Fixed assets: Valuation, depreciation principle and ups and downs, the limit for the minor assets are expensed in the year, etc.
- Receivables, including how any expected losses is calculated.
- Securities: Valuation principle.
- Debt.

6. Income Statement. The content and format set out in Annex 2.3.

7. Balance. The content and format set out in Annex 2.4.

8. Cash flow statement. The content and format set out in Annex 2.5.

9. Notes. The content and format set out in Annex 2.6.

10. Special specifications. The content and format set out in Annex 2.7.

11. Particularly for combined schools. The content and format set out in Annex 2.8.



Annex 2.2

Financial Highlights
(Free primary schools and private schools for secondary education, etc.)
All financial highlights should be from the financial year and the four preceding financial year.

Income statement

(In thousand)
total revenue.
Which government subsidies.
Costs for operation in total.
Operating income before financial and extraordinary items.
Total financials.
Operating profit before exceptional items.
Extraordinary items in total.
Profit.

balance


(In thousand)
Total fixed assets.
Total Current Assets.
Balance sheet.
Equity ultimo.Hensatte liabilities.
Long-term debt in total.
Short-term debt in total.

Cash flow statement

(In thousand)
Cash flow effect in total.
Of Investments cash flow total.
Of funding liquidity effect in total.
Cash flow, net (sum of net cash flow from operations, investments and financing).

Financial ratios

Operating margin (= Operating profit before exceptional items / Total revenues x 100).
Liquidity ratio (= Total current assets / current liabilities x 100).
Equity ratio (= Total equity / Total assets x 100).
Financing ratio (= Long-term debt in total / Tangible assets x 100).
Number of primary school pupils per. September 5.
Number of students in afterschool per. September 5.
Number of students in high school / course per. September 5.
Number of pupils in boarding per. September 5.
Number of students per year in the year (elementary school).
Number of students per year in the year (high school / course).
Number of students per year in the year (primary and secondary school / course total)
Number of students per year in the financial year in school centers.
Number of students per year in the financial year in boarding school (elementary school).
Number of students per year in the financial year in boarding school (high school / course).
School fees per. annual student, incl. grants for the reduction of school fees (elementary school).
School fees per. annual student, incl. grants for the reduction of school fees (school / course).
Number of teacher FTEs.
Time equivalents for other staff.
Number of FTEs in total (including the percentage of which are employed on special conditions (social clauses)).
Annual students per. teacher FTEs.
Teacher Salary costs per. annual student throughout kr.
Other labor costs. annual student throughout kr.
Total labor costs per. annual student throughout kr.
education Cost per. annual student throughout kr.
Property expenses per. annual student throughout kr.
Administration Costs per. annual student throughout kr.
FTEs (= Sum of full-time and part-time employees, including hourly-paid full-time equivalent) (eg. ATP method).
Teacher FTEs and teacher wage costs at independent schools, etc. (= School leaders (including vice principals and department heads), teachers and class teacher).
Teacher FTEs and teacher wage costs at private schools for secondary education (= Managers (including vice principals, department inspectors, deputy department inspectors and department) and teachers).
Labour costs are calculated net as received reimbursements etc. relating to salary offset.
School fees, sfo-payment and stays payment is calculated, including grants from the Distribution Office, Deutscher Schul- und Sprachverein or free-place and Temporary box to reduce the payment. Tuition fees, accommodation fee and separate payment for materials and field trips, etc. are not included.
Education Cost is calculated excluding. costs sfo and kindergarten etc.



Annex 2.3

Income statement
(Free primary schools and private schools for secondary education, etc.)











Income statement for the year 20xx







Notice




20xx



20xx-1







(In kr.)



(In t. Kr.)






REVENUE







1



Government subsidies






2




School fees






3



Other income









Total income


















EXPENSES


















Education







4



Labour costs






5



Other costs related. teaching






6



Other costs related. afterschool









Education in all


















Property Operating







7



Labour costs






8



Other costs related. property management









Property services in all


















Diet office / canteen / school canteen







9



Labour costs






10




Other costs related. boarding / canteen / school canteen









Diet office / canteen / school meal program in all

















Administration etc.







11



Labour costs






12



Other costs related. administration etc.









Administration, etc. in all


















Costs related. operating a total


















Operating income before financial and extraordinary items

























Financials







13



Interest income






14



Interest expenses, etc.:









Total financials

















Operating profit before exceptional items


















Extraordinary items








15



Extraordinary income






16



Extraordinary expenses









Extraordinary items in total


















PROFIT



















Annex 2.4


Balance (Free primary schools and private schools for secondary education, etc.)










Balance sheet. 31 December 20XX










20xx



20xx-1



Notice




ASSETS



(In kr.)



(In t. Kr.)














Fixed assets







17




Tangible assets










(To be specified and included in plant and equipment schedule and may include leasehold improvements, land, buildings, fixtures and equipment, vehicles, etc.)






18




Financial assets










(Specified in the note)

















Total fixed assets



















Current assets







19



receivables






20



Prepayments






21



securities






22



Cash









Total current assets


















Total assets






















Notice




LIABILITIES



20xx



20xx-1







(In kr.)



(In t. Kr.)






equity







17



revaluation






23



reserves






23



Equity also









Total equity
















24



Provisions










Total provisions

















debt







25




Long-term debt










Statslån









Municipal loans









mortgage loan









Other long-term debt










Long-term debt totaling



















Short-term debt










Current portion of long-term debt






26



Other short-term debt






27



Prepayments










Short-term debt totaling


















Total debt



















Total liabilities















28



Other liabilities











Annex 2.5

Cash flow statement
(Free primary schools and private schools for secondary education, etc.)









financial



The comparative figures from the previous year





(Whole kr.)



(T. Kr.)











Cash flow effect














Net profit






Adjustments to reconcile net income to cash derived from operating activities:








Depreciation and other operating items that do not have impact on liquidity








Gain on sale of fixed assets








Increase / decrease in current assets and current liabilities, etc. The individual items show.














Cash flow effect totaling















Investment cash flow
















Payments for fixed assets.








Received from the sale of fixed assets.














Investment cash flow total
















Of Funding liquidity effect
















Repayment of debt.








Borrowings.














Of Funding liquidity effect in all















Net cash from operating, investing and financing









Cash and cash equivalents per. 1 January of the year








The sum of net cash flow from operating, investing and financing








Cash and cash equivalents per. 31 December of the financial year










Annex 2.6


Notes (Free primary schools and private schools for secondary education, etc.)

Note no. 1 - Subsidies

The note must contain the following specification:
• Basic subsidy, primary school
• Common Expense Reimbursement, primary school
• Education Grants primary school
• General operating grants, school / course
• Building grants, primary school
• Building grants, school / course
• Grants for German minority schools
• Grants for boarding facilities, primary school
• Grants for boarding facilities, school / course
• Grants for school clubs
• Grants for language stimulation || | • Grants for special education
• Grants to support teaching in Danish by bilingual students
• Grants for severely disabled
• Grants for inclusion, see. Free School Act § 11a paragraph. 1
• Grants for medical education (from Distribution Secretariat)
• Grants for education (from Distribution Secretariat)
• Grants for special purposes
• Other government subsidies

Note no. 2 - School fees

The note must contain the following specification:
• School fees, primary school, net of less any granted moderations
• Grants for the reduction of school fees, primary school (from Distribution Secretariat or Deutscher Schul- und Sprachverein)
• School fees, school / course, net of less any granted moderations
• Grants for the reduction of school fees, school / course (mentioned laws and Temporary Checkout)
• Skolefritidsordning, net
• Grants for reducing sfo-payment (from Distribution Secretariat or Deutscher Schul- und Sprachverein)
• Stay payment from parents, net of less any granted moderations
• Grants for reducing the payment for stay at boarding
• Stay payment by public authorities
• Kindergarten (dagtilbud- / full-time after school) parental
• Payment for materials, field trips, etc.
• Tuition fees

Note no. 3 - Other income

The note must contain the following specification:

• Rental income from premises, etc.
• Rental income housing, housing contributions, etc.
• Employee pay for light, heat, etc.
• Employee pay for diet
• Sales from boarding / canteen
• Paying for school meals
• quota school board members and the like
• Gifts and private grants
• private grants concerning kindergarten (day care / full-time after school)
• Municipal subsidies on kindergartens (day care)
• Municipal subsidies on early start in sfo (tilt mechanisms)
• Municipal subsidies on support demanding students in sfo
• Municipal subsidies on support demanding students in the school portion
• Municipal subsidies, other
• other income and other grants

Note no. 4 - Labour costs for education, etc.

The note should contain the following minimum specification, distinguishing between wages and payroll expenses and lønrefusioner etc.
• Salaries and payroll expenses incl. pension (before deducting lønrefusioner etc.)
• Lønrefusioner
• Grants from the temporary pool (from Distribution Secretariat)
• Grants from the temporary fund for private colleges
• Grants for severance (from Distribution Secretariat)
• Grants the law on maternity equalization
the following types of positions covered by the note: Those who are employed as managers, teachers and nursery leaders by independent schools in accordance with government agreement. Leaders and teachers at the high school / course for the state convention. Staff at after school and other educational staff (support educators, etc.) and staff recruited to assist mentally or physically disabled students. The staff at the nursery (daycare / full-time after school).

Note no. 5 - Other costs relating to educational

The note must contain the following specification:
• Educational materials
• Books, magazines, etc.
• Photocopying
• Cabins and excursions
• Furniture and equipment maintenance
• Furniture and equipment , acquisition
• Inventory and equipment rental and leasing
• Private Gross margin for the transport
• Travel expenses for education (incl. the operation of buses)
• transport between school and home
• Grants for travel expenses (can be offset against transport between school and home)
• Remuneration to the supervisory
• Depreciation relating to educational
• Other costs related to education, including continuing education and training, etc.

Note no. 6 - Other costs related afterschool / day care / full-time afterschool

The note must contain the following specification:
• Materials
• Food and beverage
• Furniture and equipment maintenance
• Inventory and equipment acquisition
• Inventory and equipment rental and leasing

• Depreciation Other costs, including further training, etc.

Notice no. 7 - Labour costs relating to property operations

The note should contain the following minimum specification, distinguishing between wages and payroll expenses and lønrefusioner etc. for example janitor own cleaning staff and other personnel on buildings and grounds. • Salaries and payroll expenses incl. pension (before deducting lønrefusioner etc.)
• Lønrefusioner
• Grants under the Act on maternity equalization
To the extent employees perform functions other than property management, attributed a proportionate share of the remuneration for labor costs relating to these other functions.

Notice no. 8 - Other costs related to property management

The note must contain the following specification:
• Rental expense
• Taxes, duties and property insurance
• Heating, electricity and water

• Cleaning Maintenance
• Depreciation on property management | || • Other costs relating to property operations, including continuing training, etc.

Notice no. 9 - Labour costs related to boarding / canteen / school canteen

The note should contain the following minimum specification, distinguishing between wages and payroll expenses and lønrefusioner etc., for example, diet inspectors dormitory teacher, kitchen assistants and other staff at the boarding school / canteen / school canteen:
• Salaries and payroll expenses incl. pension (before deducting lønrefusioner etc.)
• Lønrefusioner
• Grants under the Act on maternity equalization
To the extent employees perform functions other than functions relating to boarding, cafeteria or school canteen, allocated a proportionate share of the remuneration for labor costs on these other functions.

Note no. 10 - Other costs related to boarding / canteen / school canteen


The note must contain the following specification:
• Food

• Equipment Leasing furniture
• Leisure activities / weekends

• Depreciation Other costs, including higher and training etc.

Note no. 11 - Labour costs relating to administration, etc.

The note should contain the following minimum specification, distinguishing between wages and payroll expenses and lønrefusioner etc. for office.
• Salaries and payroll expenses incl. pension (before deduction of salary refund etc.)
• Wage reimbursement
• Grants under the Act on maternity equalization
To the extent employees perform functions other than administration, attributed a proportionate share of the remuneration for labor costs relating to these other functions.

Note no. 12 - Other costs for administration etc.

The note must contain the following specification:
• Revision
• Carrying assistance
• Other consulting
• Bad debts (incl. Fees)
• Temporary Cash Contribution
• Marketing (eg yearbook, PR, ads, etc.)
• Job
• Office supplies, postage, telephone, etc.
• Office equipment, maintenance
• Office furniture, acquisition
• Renting or leasing of furniture
• Depreciation regarding the administration etc.
• staff
• Statutory duties regarding personnel
• Representation
• Other costs for administration, etc., including continuing training, etc.

Note no. 13 - Interest income

The note must contain the following specification:
• Interest income from cash accounts
• Interest, securities
• Realized and unrealized gains

Note no. 14 - Interest expenses, etc.

The note must contain the following specification:
• Mortgage Interest
• Interest on loans / overdraft facilities, etc.
• Interest on late payments etc.
• Realized and unrealized capital losses

Note no. 15 - Extraordinary income

The note specified where appropriate.

Note no. 16 - Extraordinary expenses

The note specified where appropriate.

Note no. 17 - Plant details

The note is mandatory and must follow the layout of the first column, while the other columns adapted to the individual school circumstances.









Land and buildings


Furniture and equipment


Bus, tractors and other vehicles






Education


Kostaf-sharing


Administration and others




Total cost. 1/1 - xxxx












Additions at cost












Disposals at cost












Total cost. 31/12 - xxxx

























Revaluations at. 1/1 - xxxx












Revaluation during the year












Revaluations at. 31/12 - xxxx
























Accumulated depreciation and impairment at. 1/1 - xxxx












Depreciation and amortization












Reversal of depreciation of assets sold












Accumulated depreciation and impairment at. 31/12 - xxxx
























Book value per. 31/12 - xxxx
























Cash Assessment of properties per. 1/1 - xxxx












The value of completed not considered extensions to existing buildings














Note no. 18 - Investments

The note specified and may include only those deposits, bank stocks and shares in utilities, see. Code provision on investment of the cash (securities in the form of bonds included in current assets).


Note no. 19 - Receivables

The note must be specified in the individual groups of receivables, such as school fees, government grants, relief grants and other receivables, as well as the amount that may be deducted for bad debts.

Note no. 20 - Deferred income (expenses)

The note should specify, inter alia, prepaid wages, prepaid rent and other prepayments.

Note no. 21 - Securities

The note can be specified in inventory groups.

Note no. 22 - Cash

Specified in the cash and bank balances.

Note no. 23 - Equity

The individual items in equity are specified so that the movements for the year shown.

Note no. 24 - Provisions

The individual items are specified so that the movements for the year shown and the items described and divided into current and non-current liabilities. Fx losses on pending litigation and pension obligations.

Note no. 25 - Long-term debt

The individual loans are specified, and residual maturity stated. If the school has government must state whether there is grace loan or not. The portion of long-term loans due after 5 years, stated in the note.

Note no. 26 - Other current liabilities

The note specified so that it at least shows how much it owed a tax form, also indicated other amounts payable in connection with payroll, wages and salaries and pension contributions, holiday pay obligations owed to banks / line of credit (including overdraft maximum) and other debts.

Note no. 27 - Prepaid expenses (income)

The note should specify, inter alia, advance received government subsidies received in advance school fees and other advance amount received, etc.

Note no. 28 - Other liabilities

The note should include a breakdown of the school's any lease and rental liabilities, security, etc. It should also be stated here if the school has furniture, etc., buildings, leases or the like that are made available free of charge by others, including the conditions attached thereto (eg duty of maintenance and the like).



Annex 2.7

Special specifications
(Free primary schools and private schools for secondary education, etc.)
Financial hedging instruments:







The year's adjustment to equity


Throughout kr.



Total accumulated adjustments to equity


Throughout kr.





Calculation of own coverage, see. § 6 paragraph. 1 in grants Order of Private and Independent Schools etc. and § 7 of the Grant Order for private secondary schools, etc.









amount



School fees, primary and / or secondary school / course, net (Note 2) (ex. After-school center, § 36a- and 36b-payment and stay fee)




Grants for the reduction of school fees (Note 2)




Other revenue (Note 3)





- Rental income from employees' housing rental





- Employees' payment for food, light, heat, etc.





Other income, net


->




Interest income, total (note 13)




Private Coverage total




Total annual students




Private Coverage per. annual student







A school that combines free primary education with secondary education, calculates the minimum requirements for own cover by. annual student that the school must meet the following:

((Basic School year Pupils * minimum self-financing) + (Secondary School year Pupils * minimum self-financing)) / (the total number of students per year at the school combined)

School using the form by indicating the overall student payment, excl. SFO etc. and the total årselevtal to document that the school meets its own coverage requirement, calculated specifically for school by using the above formula.
For a school that combines free elementary or private secondary education with free boarding school must own coverage requirement per. annual student in the Schools Department met from the minimum requirement for primary school pupils, so that only the student payment for primary school pupils are included, like other income, which concern only the free boarding school, not included in the calculation. In addition, the school must also meet the requirement of student payment at private boarding schools see. § 11 of the Act on private boarding schools.

Day care and full-time school clubs

Day-care facilities (pool schemes and private institutions), see. Act § 36 a









20xx




Revenue:




Municipal subsidies




parental




Private grants





Total income






Direct costs:




Salaries and payroll expenses




Materials and catering




Furniture and equipment




Room rental and possible. Priority costs




Other direct costs





Direct costs in total






Net profit







Full-time Skolefritidsordning, see. Law § 36 b









20xx




Revenue:




Municipal subsidies




parental




Private grants





Total income






Direct costs:




Salaries and payroll expenses




Materials and catering




Furniture and equipment





Other direct costs





Direct costs in total






Net profit







If there is significant convergence of resource use in the ordinary after school, the school of accounting for the cost of full-time school care use proportionate share of the expenses which are assigned to after school care. See note 5 and 7 of Annex 2.6.



Annex 2.8

Especially for combined schools

Combined schools are exempt to provide the following key figures in Annex 2.1:

Annual students per. teacher FTEs
Other labor costs. annual student.
Total labor costs per. annual student.
Education Cost per. annual student.
Property expenses per. annual student.
Administration Costs per. annual student.

Combined schools must disclose financial and operational data for the total institution in accordance with Annex 2.1 as regards information:


Income Statement Balance Sheet Cash Flow Statement


Financial ratios:

Operating margin
Current ratio Solvency ratio


Financing Grade Number of FTEs for other staff.
Number of FTEs in total (including the percentage of which are employed on special conditions (social clauses)).

The combined schools also report the following key figures in Annex 2.1:

Number of primary school pupils per. September 5
Number of students in afterschool per. September 5
Number of students in high school / course per. September 5
Number of pupils in the boarding school at. September 5
Number of students per year in the school year that ends in the year (boarding school / folk high school)
Number of students per year in the year (elementary school)
Number of students per year in the financial year in school centers
Number of students per year in the year (high school / course )
Number of students per year in the financial year in boarding school (elementary school)
Number of students per year in the financial year in boarding school (high school / course)
Number of students per year in the year (boarding school / folk high school)
school fees per. annual student, incl. grants for the reduction of school fees (elementary school).
School fees per. annual student, incl. grants for the reduction of school fees (school / course).
School fees per. annual student, incl. grants for the reduction of school fees (boarding school / folk high school).
Number of teacher FTEs (elementary school)
Number of teacher FTEs (high school / course)
Number of teacher FTEs (boarding school / folk high school)
Annual students per. teacher FTEs (elementary school)
Annual students per. teacher FTEs (high school / course)
Annual students per. teacher FTEs (boarding school / folk high school)
Teacher Salary costs per. annual student (elementary school)
Teacher Salary costs per. annual student (high school / course)
Teacher Salary costs per. annual student (boarding school / folk high school)
FTEs (= Sum of full-time and part-time employees, including hourly-paid full-time equivalent) (eg. ATP method).
Teacher FTEs and teacher wage costs at independent schools, etc. (= School leaders (including vice principals and department heads), teachers and class teacher).
Teacher FTEs and teacher wage costs at private schools for secondary education (= Managers (including vice principals, department inspectors, deputy department inspectors and department) and teachers).
Teacher FTEs and teacher wage costs at schools as well as household and trade schools (= Managers (including principals, vice principals and department heads) and teachers).
Teacher FTEs and teacher salary costs of public colleges (= rulers and teachers).
Labour costs are calculated net as received reimbursements etc. relating to salary offset.
School fees, sfo-payment and stays payment is calculated, including grants from the Distribution Office, Deutscher Schul- und Sprachverein or free-place and Temporary box to reduce the payment. Tuition fees, accommodation fee and separate payment for materials and field trips, etc. are not included.

notes

The following note 1-4 replaces the combined schools Note 1-4 Annex 2.6.

Note no. 1 - Subsidies

The note must contain the following specification:

Elementary school:

Basic subsidy, primary school
Common Expense Reimbursement, primary school
Education Grants primary school
Building grants, primary school
Grants for German minority schools
Grants for boarding facilities, primary school
Grants for school clubs

Grants for inclusion, see. Free School Act § 11a paragraph. 1
Grants for medical education (from Distribution Secretariat)
Grants for education (from Distribution Secretariat)

Gymnasium / course:

• General operating grants, school / course
• Building grants, school / course
• Grants for boarding facilities, school / course

Primary school / high school / course:

• Grants for language stimulation
• Grants for special education
• Grants to support teaching in Danish by bilingual students
• Grants for severely disabled
• Grants for special purposes
• Other government subsidies || |
Free boarding school:

• Basic subsidy
• Taximeter
• Appendix rates for high-priority groups of students
• Building Basic subsidy and building taximeter
• Grants for special education, etc. of students with special needs and education etc. of severely disabled students
• Grants for inclusion, see. § 24a paragraph. 1, of the Danish folk high schools, continuation schools, home schools and trade schools (private boarding schools)
• Grants for students who are under 18 years at the beginning (youth schools, home schools and trade schools)
• Other grants

Note no. 2 - School fees

The note must contain the following specification:

Primary school / high school / course:

• School fees, primary school, net of less any granted moderations
• Grants for the reduction of school fees, primary school (from Distribution Secretariat or Deutscher Schul- und Sprachverein)
• School fees, school / course, net of less any granted moderations
• Grants for the reduction of school fees, school / course (mentioned laws and Temporary Checkout)
• Skolefritidsordning, net
• Grants for reducing sfo-payment (from Distribution Secretariat or Deutscher Schul- und Sprachverein)
• Stay payment from parents, net of less any granted moderations
• Grants for reducing the payment for stay at boarding
• Stay payment by public authorities
• Kindergarten (daycare / after school full-time) parental
• Payment for materials, field trips, etc.
• Tuition fees

Free boarding school:

• Government student support for students at schools
• Student Payment, including municipal contributions to student payment and enrollment and withdrawal fee
• Individual student support for students at schools
• Payment for materials, field trips, etc.
• municipal subsidies, excluding subsidies for student payment

Note no. 3 - Other income

The note must contain the following specification:

Primary school / high school / course:

• Rental income from premises, etc.
• Rental income housing, housing contributions, etc.
• Employee pay for light, heat, etc.
• Employee pay for diet
• Sales from boarding / canteen
• Paying for school meals
• quota school board members and the like
• Gifts and private grants
• private grants concerning kindergarten (day care / full-time after school)
• Municipal subsidies on kindergartens (day care)
• Municipal subsidies on early start in sfo (tilt mechanisms)
• Municipal subsidies on support demanding students in sfo
• Municipal subsidies, other
• other income and other grants

Free boarding school:

• Payment of participants covered by the Act on Active Employment
• Income from courses outside the law
• Rental income from premises, etc.
• Rental income housing, housing contributions, etc.
• Employee pay for diet
• Employee pay for light, heat, etc.
• quota school board members
• other income from other activities
• Gifts and private grants
• other income and other grants

Note no. 4 - Labour costs for education, etc.

The note should contain the following minimum specification, distinguishing between wages and payroll expenses and lønrefusioner etc. The following types of positions covered by the note: Those who are employed as managers, teachers and nursery leaders by independent schools in accordance with government agreement. Leaders and teachers at the high school / course for the state convention. Leaders, teachers at the free boarding school for state convention. Staff at after school and other educational staff (support educators, etc.) and staff recruited to assist mentally or physically disabled students. The staff at the nursery (daycare / full-time after school).

Primary school / high school / course:

• Salaries and payroll expenses incl. pension (before deducting lønrefusioner etc.)
• Lønrefusioner

• Grants from the temporary pool (from Distribution Secretariat)
• Grants from the temporary fund for private colleges
• Grants for severance (from Distribution Secretariat)
• Grants under the Act on maternity equalization

After-school / nursery (daycare / after school full-time):

• Salaries and payroll expenses incl. pension (before deducting lønrefusioner etc.)
• Lønrefusioner
• Grants under the Act on maternity equalization

Free boarding school:

Courses within the law:

• Salaries and payroll expenses incl. pension (before deducting lønrefusioner etc.)
• Lønrefusioner
• Grants under the Act on maternity equalization

Courses outside the law:

• Salaries and payroll expenses incl. pension (before deducting lønrefusioner etc.)
• Lønrefusioner
• Grants under the Act on maternity equalization

Special specifications

Free boarding school

Berths:









20xx


20xx-1


20xx-2


20xx-3


20xx-4



Number of beds, see. § 3, 4 and 5 of grants Order








Average current cost. bed space, see. § 3 in grants Order










Activities outside the law:









20xx


20xx-1


20xx-2


20xx-3


20xx-4



revenues








Labour costs








Other costs









Results













Annex 3.1

Standard Annual
Production schools
The annual report shall be presented by the following model:

1. Statement by the Executive and the Board's sworn statement
The annual report shall include the management statement (ie signatures of board members and the school principal) and the Board's declaration on their honor to meet the impartiality requirements of § 6 of the Danish production schools.

2. The independent auditor's report

3. General information about the school
This information will include be:
- School name, domicile, CVR no., telephone and fax no., school website and e-mail address.
- School purposes.
- School Board stating the chairman, vice chairman and other board members with names and addresses.
- School superintendent / supervisor and any other. other members of the school management.
- School accountant.

4. Management report
With regard to the content of the management report refer to the provisions of the Danish Financial Statements Act § 99, Nos. 1-6, § 100, § 101 paragraph. 1 pt. 1 and 2, and the minimum requirements for financial and operational data, as shown in Annex 3.2.
The management report must include include:
- A description of the school's main activities.

- Financial highlights. Minimum requirement for the content of financial highlights presented in Annex 3.2.
- A description of any uncertainty in the valuation of assets and liabilities etc.
- A description of unusual conditions that may have affected the calculation, as far as possible with the sums.
- Board description of the school's activities during the year, as well as a statement that complements the figures in the annual report, including comments on the school's performance, economy, liquidity and development in the number of students per year.
- Supervisory Board's report for significant economic relations with other institutions that receive government grants.
- Supervisory Board's report for significant events occurring after the reporting period.
- Board of Directors' assessment of and expectations for both student access and activities as economic conditions in (the) future.

5. Accounting policies
This shall include contain the following information:
- The regulatory framework as the annual report has been prepared using, eg "Danish Financial Statements Act for reporting class B enterprises with the exceptions set out. Order on accounting for folk high schools, continuation schools, home schools and trade schools (private boarding schools), independent schools, private schools for secondary education, etc., and production schools. "
- Any changes in accounting policies and their impact on the annual report.
- Used allocation formulas and assumptions.
- Accruals (including prepaid expenses and advances received income).
- Any extraordinary items, see. Annual Accounts Act definition.
- Fixed assets: Valuation, depreciation principle and - periods of ups and downs, the limit for the minor assets are expensed in the year, etc.
- Receivables, including how any expected losses is calculated.
- Securities: Valuation principle.
- Debt.

6. Income Statement. The content and format set out in Annex 3.3.

7. Balance. The content and format set out in Annex 3.4.

8. Cash flow statement. The content and format set out in Annex 3.5.

9. Notes. The content and format set out in Annex 3.6.

10. Special specifications. The content and format set out in Annex 3.7.



Annex 3.2

Financial Highlights
(Production schools)
All financial highlights should be from the financial year and the four preceding financial year.

Income statement

(In kr.)
Total revenue.
Which government grants (excluding school performance).
Costs for operation in total.
Operating income before financial and extraordinary items.
Total financials.
Operating profit before exceptional items.
Extraordinary items in total.
Profit.

balance

(In kr.)
Total fixed assets.
Total Current Assets.
Balance sheet.
End equity.
Total provisions.
Long-term debt in total.
Short-term debt in total.

Cash flow statement

(In kr.)
Cash flow effect in total.
Of Investments cash flow total.
Of funding liquidity effect in total.
Cash flow, net (sum of net cash flow from operations, investments and financing).

Financial ratios

Operating margin (= Operating profit before exceptional items / Total revenues x 100).
Liquidity ratio (= Total current assets / current liabilities x 100).
Equity ratio (= Total equity / Total assets x 100).
Financing ratio (= Long-term debt in total / Tangible assets x 100).
Number of ordinary students per year in the financial year.
Number of pupils in each year covered by payment law.
Number of students per year in total
Number of teacher FTEs.
Time equivalents for other staff.
Number of FTEs in total (including the percentage of which are employed on special conditions (social clauses)).
Annual students per. teacher FTEs.
Teacher Salary costs per. annual student.
Other labor costs. annual student.
Total labor costs per. annual student.
Education Cost per. annual student.
Property expenses per. annual student.
Administration Costs per. annual student.
FTEs (= sum of full-time and part-time employees, including hourly workers, converted into full-time).
Teacher FTEs (= Managers (including principals, vice principals and department heads) and teachers).
Labour costs are calculated net as received reimbursements etc. relating to salary offset.



Annex 3.3

Income statement
(Production schools)












Income statement for the year 20xx







Notice




20xx



20xx-1







(In kr.)



(In t. Kr.)






REVENUE







1



Municipal subsidies






2



Government subsidies






14



Income relating. workshops






3



Other income and subsidies









Total income


















EXPENSES


















Education







4



Labour costs









School Performance






14



Workshop Cost






5



Other costs related. teaching









Education in all



















Property Operating







6



Labour costs






7



Other costs related. property management









Property services in all


















Administration etc.







8



Labour costs






9



Other costs related. administration etc.









Administration, etc. in all


















Costs related. operating a total


















Operating income before financial and extraordinary items


















Financials







10



Interest income






11



Interest expenses, etc.









Total financials



















Operating profit before exceptional items


















Extraordinary items







12



Extraordinary income






13



Extraordinary expenses









Extraordinary items in total


















PROFIT











Annex 3.4


Balance (Production schools)











Balance sheet. 31 December 20XX















Notice




ASSETS



20xx



20xx-1







(In kr.)



(In t. Kr.)






Fixed assets







15




Tangible assets










(To be specified and included in plant and equipment schedule and may include leasehold improvements, land, buildings, fixtures and equipment, vehicles, etc.)






16




Financial assets











(Specified in the note).









Total fixed assets


















Current assets







17



Inventories o. Etc., If available.






18



Receivables (debtors)






19



Prepayments






20



securities






21



Cash









Total current assets


















Total assets















Notice




LIABILITIES



20xx



20xx-1







(In kr.)



(In t. Kr.)






equity







15



revaluation






22



reserves







22



Equity also









Total equity














23



Provisions











Total provisions


















debt







24




Long-term debt










Municipal loans









mortgage loan









Other long-term debt










Long-term debt totaling



















Short-term debt










Current portion of long-term debt






25



Other short-term debt






26



Prepayments










Short-term debt totaling










Total debt



















Total liabilities















27



Other liabilities











Annex 3.5

Cash flow statement
(Production schools)










financial



The comparative figures from the previous year






(Whole kr.)



(T. Kr.)




Cash flow effect














Net profit






Adjustments to reconcile net income to cash derived from operating activities:








Depreciation and other operating items that do not have impact on liquidity








Gain on sale of fixed assets








Increase / decrease in current assets and current liabilities, etc. The individual items show.














Cash flow effect totaling















Investment cash flow
















Payments for fixed assets.








Received from the sale of fixed assets.















Investment cash flow totaling















Of Funding liquidity effect
















Repayment of debt.








Borrowings.














Of Funding liquidity effect in all















Net cash from operating, investing and financing









Cash and cash equivalents per. 1 January of the year








The sum of net cash flow from operating, investing and financing








Cash and cash equivalents per. 31 December of the financial year










Annex 3.6


Notes (Production schools)

Note no. 1 - Municipal subsidies

The note must contain the following specification:
• Basic subsidy
• Additional grants

Note no. 2 - Government subsidies

The note must contain the following specification:
• Operating grants
• Building Grants
• Grants for school performance
• Other grants

Note no. 3 - Other revenue and grants

The note must contain the following specification:
• Rental income from premises, etc.
• EU Social
• EU also
• Income from commercial activities, including courses, etc.
• Other income and other grants, including income of pupils in each year covered by payment law.

Note no. 4 - Labour costs relating to educational

The note must contain the following specification, distinguishing between wages and payroll expenses and lønrefusioner etc.
• Salaries and payroll expenses incl. pension (before deducting lønrefusioner etc.)
• Lønrefusioner
• Grants under the Act on maternity equalization
The following types of positions covered by the note: Head, teachers and other staff regarding teaching and staff who are employed to help for mental or physically disabled students. To the extent employees perform functions other than education, attributed a proportionate share of the remuneration for labor costs relating to these features. The different types of labor costs to be shown broken down by operating activities and financing activities.

Note no. 5 - Other costs relating to educational

The note must contain the following specification and the costs to be shown broken down by ordinary operations and commercial activities:
• Educational materials
• Books, magazines, etc.
• Photocopying
• Excursions
• Inventory and equipment maintenance
• Inventory and equipment acquisition

• Inventory and equipment rental and leasing
• Travel expenses for education (incl. The operation of buses)
• Depreciation relating to educational
• Other costs relating to educational

Note no. 6 - Labour costs
regarding
property management

The note should contain the following minimum specification, distinguishing between wages and payroll expenses and lønrefusioner etc., for example. janitor own cleaning staff and other personnel on buildings and grounds.
• Salaries and payroll expenses incl. pension (before deducting lønrefusioner etc.)
• Lønrefusioner
• Grants under the Act on maternity equalization
(To the extent that employees perform functions other than property management, attributed a proportionate share of the remuneration for labor costs related to these functions. The different types of labor costs to be shown broken down by operating activities and financing activities.)

Notice no. 7 - Other expenses relating to property management

The note must contain the following specification and the costs to be shown broken down by ordinary operations and commercial activities:
• Rental expense
• Taxes, duties and property insurance
• Heating, electricity and water
• Cleaning | || • Maintenance
• Depreciation on property
• Other costs related to property management

Notice no. 8 - Labour costs
regarding
administration etc.

The note should contain the following minimum specification, distinguishing between wages and payroll expenses and lønrefusioner for example, leader and clerical staff.
• Salaries and payroll expenses incl. pension (before deducting lønrefusioner)
• Wage reimbursement
To the extent employees perform functions other than administration, attributed a proportionate share of the remuneration for labor costs relating to these features. The different types of labor costs to be shown broken down by operating activities and financing activities.

Notice no. 9 - Other costs for administration etc.

The note must contain the following specification and the costs to be shown broken down by ordinary operations and commercial activities:
• Revision
• Carrying assistance
• Other consulting
• Bad debts
• Marketing (eg yearbook, PR, ads, etc.)
• Job
• Office supplies, postage, telephone, etc.
• Office equipment, maintenance
• Office furniture, acquisition
• Renting or leasing of furniture
• Depreciation for the administration etc.
• staff
• Statutory duties regarding personnel
• Representation
• Other costs for administration etc.

Note no. 10 - Interest income

The note must contain the following specification:
• Interest income from cash accounts
• Interest, securities
• Realized and unrealized gains

Note no. 11 - Interest expenses, etc.

The note must contain the following specification:
• Mortgage Interest
• Interest expenses, loans / overdraft facilities, etc.
• Interest on late payments etc.
• Realized and unrealized capital losses

Note no. 12 - Extraordinary income

The note specified where appropriate.

Note no. 13 - Extraordinary expenses

The note specified where appropriate.

Note no. 14 - Workshop Accounting

It sets a specified accounting for each workshop by the following model:









Workshop aa


Workshop bb


Total



Revenue:








Sales of goods and services








Other income






Total income




(* 1)



cost:









Consumption of raw materials and other production materials








Possibly. costs related. machinery and equipment








Other costs related. workshops






Total costs




(* 2)



Result:








(* 1) This figure is included in the income statement under revenue.
(* 2) The figure is included in the income statement under cost.

Note no. 15 - Plant details

The note is mandatory and must follow the layout of the first column, while the other columns adapted to the individual school circumstances.









Decorate-up of rented premises


Land and buildings


Furniture and equipment


Bus, tractors and other vehicles







Education


Administration and others




Total cost. 1/1 - xxxx











Additions at cost











Disposals at cost











Total cost. 31/12 - xxxx






















Revaluations at. 1/1 - xxxx











Revaluation during the year











Revaluations at. 31/12 - xxxx























Accumulated depreciation and impairment at. 1/1 - xxxx











Depreciation and amortization











Reversal of depreciation of assets sold











Accumulated depreciation and impairment at. 31/12 - xxxx






















Book value per. 31/12 - xxxx






















Cash Assessment of properties per. 1/1 - xxxx











The value of completed not considered extensions to existing buildings













Note 16 - Financial assets

The note specified and may include only those deposits, bank stocks and shares in utilities, see. Code provision on investment of the cash (securities in the form of bonds included in current assets).

Note no. 17 - Inventories

The note may be included if the school has inventories of a certain size, and it is considered necessary to assess the value of inventory.

Note no. 18 - Receivables

The note must be specified in the individual groups of receivables, such as municipal grants, government grants and other receivables, as well as the amount that may be deducted for bad debts.

Note no. 19 - Deferred income (expenses)

The note should specify, inter alia, prepaid wages, prepaid rent and other prepayments.

Note no. 20 - Securities

The note specified in the inventory groups.

Note no. 21 - Cash

Specified in the cash and bank balances.

Note no. 22 - Equity

The individual items in equity are specified so that the movements for the year shown.

Note no. 23 - Provisions

The individual items are specified so that the movements for the year shown and the items divided into current and non-current liabilities.

Note no. 24 - Long-term debt

The individual loans are specified, and residual maturity stated. The portion of long-term loans due after 5 years stated in the note.

Note no. 25 - Other current liabilities


The note specified so that it at least shows how much it owed a tax form, also indicated other amounts payable in connection with payroll, wages and salaries and pension contributions, holiday pay obligations owed to banks / line of credit (including overdraft maximum) and other debts.

Note no. 26 - Prepaid expenses (income)

The note should specify, inter alia, advance received government subsidies received in advance communal grants and other advance amount received, etc.

Note no. 27 - Other liabilities

The note should include a breakdown of the school's any lease and rental liabilities, security, etc. It should also be stated here if the school has furniture, etc., buildings, leases or the like that are made available free of charge by others, including the conditions attached thereto (eg duty of maintenance and the like).



Annex 3.7

Special specifications
(Production schools)
Financial hedging instruments:







The year's adjustment to equity


Throughout kr.



Total accumulated adjustments to equity


Throughout kr.





Statement of the school's commercial activities









20xx


20xx-1


20xx-2


20xx-3



revenues







Direct and indirect labor costs concerning. IDV







Other direct and indirect costs related. IDV







A total of IDV








Accumulated profit (equity)










The accumulated result of the income-business can not be negative for 4 years in a row.
Tax liability for the year







Output VAT




Input VAT




VAT liability

Related Laws