PMM Global V K/S - CVR: 39681943

2022, EUR

06.02.2024

Bruttoresultat

4.101'

Primær drift

Na.

Årets resultat

-6.912'

Aktiver

230''

Kortfristede aktiver

25.957'

Egenkapital

230''

Afkastningsgrad

0 %

Soliditetsgrad

100 %

Likviditetsgrad

0 %

Resultat

06.02.2024

Årsrapport	2022 06.02.2024	2021 10.02.2023	2020 08.02.2022
Nettoomsætning	1.049.000	6.199.000	3.941.000
Bruttoresultat	4.101.000	18.067.000	10.148.000
Resultat af primær drift	0	0	0
Indtægter af kapitalandele (tilknyttede og associerede)	-5.550.000	8.161.000	-3.344.000
Finansielle indtægter	1.350.000	10.040.000	562.000
Finansieringsomkostninger	-6.813.000	0	-108.000
Andre finansielle omkostninger	0	0	0
Resultat før skat	0	0	0
Resultat	-6.912.000	36.268.000	7.258.000
Forslag til udbytte	0	0	0

Aktiver

06.02.2024

Årsrapport	2022 06.02.2024	2021 10.02.2023	2020 08.02.2022
Kortfristede varebeholdninger	0	0	0
Kortfristede tilgodehavender fra salg og tjenesteydelser	0	2.750.000	7.761.000
Likvider	13.090.000	5.603.000	6.036.000
Kortfristede aktiver	25.957.000	8.353.000	13.797.000
Immaterielle aktiver og goodwill	0	0	0
Finansielle anlægsaktiver	0	0	123.768.000
Materielle aktiver	0	0	0
Langfristede aktiver	204.174.000	199.986.000	123.768.000
Aktiver	230.131.000	208.339.000	137.565.000

Aktiver

06.02.2024

Passiver

06.02.2024

Årsrapport	2022 06.02.2024	2021 10.02.2023	2020 08.02.2022
Forslag til udbytte	0	0	0
Egenkapital	230.131.000	202.604.000	137.565.000
Hensatte forpligtelser	0	0	0
Langfristet gæld til banker	0	0	0
Anden langfristet gæld		0	0
Leverandører af varer og tjenesteydelser	0	0	0
Kortfristede forpligtelser	0	5.735.000	0
Gældsforpligtelser	0	5.735.000	0
Forpligtelser	0	5.735.000	0
Passiver	230.131.000	208.339.000	137.565.000

Passiver

06.02.2024

Nøgletal

06.02.2024

Årsrapport	2022 06.02.2024	2021 10.02.2023	2020 08.02.2022
Afkastningsgrad	Na.	Na.	Na.
Dækningsgrad	390,9 %	291,5 %	257,5 %
Resultatgrad	-658,9 %	585,1 %	184,2 %
Varelagerets omsætningshastighed	Na.	Na.	Na.
Egenkapitals-forretning	-3,0 %	17,9 %	5,3 %
Payout-ratio	Na.	Na.	Na.
Gældsdæknings-nøgletal	Na.	Na.	Na.
Soliditestgrad	100,0 %	97,2 %	100,0 %
Likviditetsgrad	Na.	145,6 %	Na.

Resultat

06.02.2024

Gæld

06.02.2024

Årsrapport

06.02.2024

Nyeste:01.10.2022- 30.09.2023(offentliggjort: 06.02.2024)

Information om virksomhedens regnskabsklasse:The annual report of PMM Global V K/ S has been prepared in accordance with the provisions in theDanish Financial Statements Act applying to medium-sized reporting class C entities with theadjustments following the legal form and operating activities of the Fund. The accounting policies used in the preparation of the financial statements are consistent with thoseof last year.

Beretning

06.02.2024

Dato for ledelsens godkendelse af årsrapporten:2023-12-08

Ledelsespåtegning:Statement by the Board of Directors

Beskrivelse af usikkerhed ved indregning eller måling:Recognition and measurement uncertaintiesInvestments in property investments are measured at fair value. The measurement includes accountingestimates and is, therefore, subject to uncertainty.

Beskrivelse af usædvanlige forhold, der kan have påvirket indregningen eller målingen:Uncertainty in the global markets driven by geopolitical risksThe financial year 2022/23 has been one of continued uncertainty on the back of geopolitical issuesaround the world and not least in Europe with the Russian war against Ukraine. In addition, we have seen tight labour markets and wage inflation during the year and a generally highinflationary environment. However, we are starting to see inflation levels coming down due to decreas-ing energy prices and within the real estate construction industry, we also see the cost of raw materialsreturning to normal prices. In reaction to increased inflation, the rising interest rates have impacted real estate capital markets ma-terially, leading to a significant drop in transaction volumes across the globe. With the magnitude of in-creased interest rates the risk premium for real estate has expanded and sellers and buyers are stillsomewhat separated on the market, although some markets have adjusted more quickly like the UnitedKingdom. Traditional bank debt availability is much more limited and at lower loan to value ratios, whichhas had an impact on both prices and transaction activity. As a consequence, we have experienced lim-ited sales activities in PMM Global V9s portfolio during the financial year. The aftermath of Covid-19 has had severe effect on some of the traditional strong cosmopolitan officemarkets, especially in the US, where office usage levels are far from prior levels and office occupiers arereconsidering their space requirements. On top of this, ESG matters and the decarbonization demand isbeing emphasized by occupiers, investors and not least by regulatory environmental requirements. Thisrequires additional CAPEX measures to be taken into consideration especially for older office stock. All these external factors influence the pricing of real estate and the reduced liquidity makes it more dif-ficult for valuers to determine fair value. The increase in base interest rates, margin pressure and re-duced leverage levels have had and will for some markets still have an impact on real estate valuations. For some markets and especially within residential and industrial, we have seen rental inflation partiallyoff-set some of the aforementioned negative price adjustments. However, the end result varies depend-ing on sector, project type and location of the specific assets. In light of the difficult and uncertain times described above we have been able to take advantage of themarket and completed two attractive investments, one within residential in Berlin, Germany and onewithin industrial in Birmingham, UK during the financial year for PMM Global V. Hence, the portfolio hasgrown to a total of 11 active investments at the end of the financial year. These 11 investments hold atotal of 138 underlying assets. PMM Global V still has approximately 9% of its capital to commit and has identified three specific invest-ments, which will be completed within nine months from the end of the financial year in accordance withthe Fund documentation.

Statement by Management on the annual report

Identifikation af den godkendte årsrapport:Today, the Management has discussed and approved the annual report of PMM Global V K/ S for thefinancial year 1 October 2022 - 30 September 2023.

Management's review

Beskrivelse af virksomhedens væsentligste aktiviteter:Business reviewPMM Global V K/S' business concept is investment in and management of indirect investments in foreignproperty via international partners.