Greenland Minerals A/S - CVR: 12449550

2022, DKK

26.06.2023

Bruttoresultat

-5.580'

Primær drift

-7.870'

Årets resultat

-7.118'

Aktiver

3.069'

Kortfristede aktiver

453'

Egenkapital

-391''

Afkastningsgrad

-256 %

Soliditetsgrad

-12722 %

Likviditetsgrad

64 %

Resultat

26.06.2023

Årsrapport	2022 26.06.2023	2021 15.07.2022	2020 26.07.2021	2019 16.09.2020
Nettoomsætning
Bruttoresultat	-5.579.722	5.188.738	3.715.194	3.788.535
Resultat af primær drift	-7.870.067	-371.622.467	-2.316.523	-1.319.725
Indtægter af kapitalandele (tilknyttede og associerede)	0	0	0	0
Finansielle indtægter	754.831	-2.178.059	178.262	0
Finansieringsomkostninger	0	0	0	0
Andre finansielle omkostninger	-3.152	79.862	-11.987	-1.263.828
Resultat før skat	0	0	0	0
Resultat	-7.118.388	-373.720.664	-2.150.248	-2.583.553
Forslag til udbytte	0	0	0	0

Aktiver

26.06.2023

Årsrapport	2022 26.06.2023	2021 15.07.2022	2020 26.07.2021	2019 16.09.2020
Kortfristede varebeholdninger	0	0	0	0
Kortfristede tilgodehavender fra salg og tjenesteydelser	80.375	422.259	116.809	109.046
Likvider	372.336	174.742	949.153	541.599
Kortfristede aktiver	452.711	597.001	1.065.962	650.645
Immaterielle aktiver og goodwill	0	0	357.495.929	346.790.911
Finansielle anlægsaktiver	0	0	0	0
Materielle aktiver	2.616.762	2.663.283	3.097.570	2.881.873
Langfristede aktiver	2.616.762	2.663.283	360.593.499	349.672.784
Aktiver	3.069.473	3.260.284	361.659.461	350.323.429

Aktiver

26.06.2023

Passiver

26.06.2023

Årsrapport	2022 26.06.2023	2021 15.07.2022	2020 26.07.2021	2019 16.09.2020
Forslag til udbytte	0	0	0	0
Egenkapital	-390.500.328	-383.381.940	-9.661.276	-7.511.028
Hensatte forpligtelser	0	0	0	0
Langfristet gæld til banker	0	0	0	0
Anden langfristet gæld	0	0	0	0
Leverandører af varer og tjenesteydelser	33.682	38.173	149.967	44.632
Kortfristede forpligtelser	711.637	626.685	1.302.388	731.835
Gældsforpligtelser	393.569.801	386.642.224	371.320.737	357.834.457
Forpligtelser	393.569.801	386.642.224	371.320.737	357.834.457
Passiver	3.069.473	3.260.284	361.659.461	350.323.429

Passiver

26.06.2023

Nøgletal

26.06.2023

Årsrapport	2022 26.06.2023	2021 15.07.2022	2020 26.07.2021	2019 16.09.2020
Afkastningsgrad	-256,4 %	-11.398,5 %	-0,6 %	-0,4 %
Dækningsgrad	Na.	Na.	Na.	Na.
Resultatgrad	Na.	Na.	Na.	Na.
Varelagerets omsætningshastighed	Na.	Na.	Na.	Na.
Egenkapitals-forretning	1,8 %	97,5 %	22,3 %	34,4 %
Payout-ratio	Na.	Na.	Na.	Na.
Gældsdæknings-nøgletal	Na.	Na.	Na.	Na.
Soliditestgrad	-12.722,1 %	-11.759,2 %	-2,7 %	-2,1 %
Likviditetsgrad	63,6 %	95,3 %	81,8 %	88,9 %

Resultat

26.06.2023

Gæld

26.06.2023

Årsrapport

26.06.2023

Nyeste:01.01.2022- 31.12.2022(offentliggjort: 26.06.2023)

Information om virksomhedens regnskabsklasse:This annual report has been presented in accordance with the provisions of the Greenlandic Financial Statements Act governing reporting class B enterprises with addition of a few provisions for reporting class C. The accounting policies applied to these financial statements are consistent with those applied last year.

Beretning

26.06.2023

Dato for ledelsens godkendelse af årsrapporten:2023-06-21

Beskrivelse af usikkerhed ved indregning eller måling:Uncertainty relating to recognition and measurementThe future recoverability of capitalized exploration and evaluation expenditure is dependent on a number of factors, including whether the company decides to exploit the related lease itself or, if not, whether it successfully recovers the related exploration and evaluation asset through sale. Factors that could impact the future recoverability include the level of reserves and resources, future technological changes, costs of drilling and production, production rates, future legal and political changes, (including obtaining the right to mine and changes to environmental restoration obligations) and changes to commodity prices. As a result of the political developments in Greenland during 2021 and continued in 2022, including the passing of the Act No. 20 to prohibit mineral activity where the uranium content in an ore body exceeds 100ppm, there is uncertainty surrounding the recovery of the capitalized exploration and evaluation expenditure. As required by the Danish Financial Statements Act, an allowance against the recoverability of the expenditure has been recognized, that results in a nil carrying value at 31 December 2022. The company disagrees with the Greenland Government’s application of Act No. 20 and will protect it’s legal right to an exploitation licence. The company has advised the Greenland Government of the expectation that the current exploitation licence application continue. The remaining statutory requirements are the completion of the Government’s contribution to the White Paper and the completion of an Impact Benefit Agreement. The company is working with the Greenland Government and other stakeholders to progress the mining licence application to move to development in accordance with both Greenland Government and local community expectations.

Statement by Management on the annual report

Identifikation af den godkendte årsrapport:The Board of Directors and the Executive Board have today considered and approved the annual report of Greenland Minerals A/S for the financial year 01. 01. 2022 - 31. 12. 2022.

Management's review

Beskrivelse af virksomhedens væsentligste aktiviteter:Primary activitiesGreenland Minerals A/S (the ’Company’ or ‘GMAS’), is a wholly owned subsidiary of Greenland Minerals and Energy Limited (“Parent”). The Company’s principal activity is a mineral exploration and project evaluation. The Company is primarily focused on advancing the 100% owned Kvanefjeld in southern Greenland. This is a multi-element project (both light and heavy rare earth elements, uranium, and zinc) progressing through the feasibility and permitting phase with the aim to move into mine development.