natgillin/translations-raw huggingface dataset:
Et kendetegn, der adskiller en investeringsvirksomhed fra andre virksomheder, er, at en investeringsvirksomhed ikke planlægger at beholde sine investeringer på ubestemt tid, men kun for en begrænset periode.
One feature that differentiates an investment entity from other entities is that an investment entity does not plan to hold its investments indefinitely; it holds them for a limited period.
Eftersom investeringer i egenkapitalinstrumenter og ikke-finansielle aktiver kan beholdes på ubestemt tid, skal en investeringsvirksomhed have en exit-strategi, der dokumenterer, hvordan virksomheden planlægger at opnå kapitalgevinst fra alle sine væsentlige investeringer i egenkapitalinstrumenter og ikke-finansielle aktiver.
Because equity investments and non-financial asset investments have the potential to be held indefinitely, an investment entity shall have an exit strategy documenting how the entity plans to realise capital appreciation from substantially all of its equity investments and non-financial asset investments.
En investeringsvirksomhed skal også have en exit-strategi for gældsinstrumenter, der kan beholdes på ubestemt tid, f.eks. investeringer i uamortisable lån.
An investment entity shall also have an exit strategy for any debt instruments that have the potential to be held indefinitely, for example perpetual debt investments.
Virksomheden behøver ikke at dokumentere specifikke exit-strategier for hver enkelt investering, men skal identificere forskellige potentielle strategier for forskellige typer eller porteføljer af investeringer, herunder en fast tidshorisont for afhændelse af investeringerne.
The entity need not document specific exit strategies for each individual investment but shall identify different potential strategies for different types or portfolios of investments, including a substantive time frame for exiting the investments.
Exit-mekanismer, der kun iværksættes for visse hændelser, f.eks. misligholdelse eller manglende opfyldelse af kontrakt, betragtes ikke som exit-strategier i forbindelse med denne vurdering.
Exit mechanisms that are only put in place for default events, such as a breach of contract or non-performance, are not considered exit strategies for the purpose of this assessment.
B85G Exit-strategier kan variere efter investeringstype.
B85G Exit strategies can vary by type of investment.
For investeringer i private egenkapitalinstrumenter kan exit-strategier være børsintroduktion, privat placering, salg af en virksomhed, udlodning (til investorer) af ejerandele i virksomheder, der er investeret i, samt salg af aktiver (herunder salg af aktiver i en virksomhed, der er investeret i, efterfulgt af likvidation af den pågældende virksomhed).
For investments in private equity securities, examples of exit strategies include an initial public offering, a private placement, a trade sale of a business, distributions (to investors) of ownership interests in investees and sales of assets (including the sale of an investee’s assets followed by a liquidation of the investee).
For investeringer i egenkapitalinstrumenter, der handles på en offentlig børs, kan exit-strategier være salg af investeringen i en privat placering eller på en offentlig børs.
For equity investments that are traded in a public market, examples of exit strategies include selling the investment in a private placement or in a public market.
For ejendomsinvesteringer kan exit-strategien være salg af ejendommen gennem specialiserede ejendomshandlere eller på det åbne marked.
For real estate investments, an example of an exit strategy includes the sale of the real estate through specialised property dealers or the open market.
B85H En investeringsvirksomhed kan have en investering i en anden investeringsvirksomhed, som stiftes i forbindelse med virksomheden af juridiske, lovgivningsmæssige, skattemæssige eller lignende forretningsmæssige årsager.
B85H An investment entity may have an investment in another investment entity that is formed in connection with the entity for legal, regulatory, tax or similar business reasons.
I dette tilfælde behøver investeringsvirksomheden ikke at have en exit-strategi for den investering, hvis den virksomhed, investeringsvirksomheden har investeret i, har passende exit-strategier for sine investeringer.
In this case, the investment entity investor need not have an exit strategy for that investment, provided that the investment entity investee has appropriate exit strategies for its investments.
Investeringsafkast
Earnings from investments
Fælles ordninger (som defineret i IFRS 11) eller andre ordninger mellem virksomheden eller et andet koncernmedlem og en virksomhed, der er investeret i, om udvikling, fremstilling, markedsføring eller levering af produkter eller tjenesteydelser.
joint arrangements (as defined in IFRS 11) or other agreements between the entity or another group member and an investee to develop, produce, market or provide products or services;
Finansielle garantier eller aktiver, som en virksomhed, der er investeret i, stiller som sikkerhed for virksomhedens eller et andet koncernmedlems lån (en investeringsvirksomhed vil imidlertid stadig kunne bruge en investering i en virksomhed som sikkerhed for et hvilket som helst lån).
financial guarantees or assets provided by an investee to serve as collateral for borrowing arrangements of the entity or another group member (however, an investment entity would still be able to use an investment in an investee as collateral for any of its borrowings);
En forkøbsret for en af virksomhedens nærtstående parter til fra den pågældende virksomhed eller et andet koncernmedlem at købe en ejerandel i en virksomhed, som virksomheden har investeret i.
an option held by a related party of the entity to purchase, from that entity or another group member, an ownership interest in an investee of the entity;
Med forbehold af afsnit B85J transaktioner mellem virksomheden eller et andet koncernmedlem og en virksomhed, der er investeret i, som
except as described in paragraph B85J, transactions between the entity or another group member and an investee that:
foregår på betingelser, som ikke kan opnås af virksomheder, som ikke er nærtstående parter til enten virksomheden, et andet koncernmedlem eller den virksomhed, der er investeret i,
are on terms that are unavailable to entities that are not related parties of either the entity, another group member or the investee;
ikke er til dagsværdi eller
are not at fair value; or
udgør en væsentlig del af forretningsaktiviteten for den virksomhed, der er investeret i, eller virksomheden, herunder andre koncernvirksomheders forretningsaktiviteter.
represent a substantial portion of the investee’s or the entity’s business activity, including business activities of other group entities.
B85J En investeringsvirksomhed kan have en strategi om at investere i flere virksomheder inden for samme branche, marked eller geografiske område med henblik på at udnytte synergier, som øger kapitalgevinsten eller investeringsafkastet fra investeringerne i disse virksomheder.
B85J An investment entity may have a strategy to invest in more than one investee in the same industry, market or geographical area in order to benefit from synergies that increase the capital appreciation and investment income from those investees.
Uanset afsnit B85I, litra e), udelukkes en virksomhed ikke fra at blive klassificeret som en investeringsvirksomhed blot fordi de virksomheder, den investerer i, handler med hinanden.
Notwithstanding paragraph B85I(e), an entity is not disqualified from being classified as an investment entity merely because such investees trade with each other.
Dagsværdimåling
Fair value measurement
B85K En vigtig del af definitionen af en investeringsvirksomhed er, at den måler og evaluerer resultatet af alle væsentlige investeringer til dagsværdi, fordi brugen af dagsværdi giver mere relevante oplysninger end f.eks. at konsolidere dattervirksomhederne eller bruge den indre værdis metode på sine kapitalandele i associerede virksomheder eller joint ventures.
B85K An essential element of the definition of an investment entity is that it measures and evaluates the performance of substantially all of its investments on a fair value basis, because using fair value results in more relevant information than, for example, consolidating its subsidiaries or using the equity method for its interests in associates or joint ventures.
For at påvise, at den opfylder denne del af definitionen, skal en investeringsvirksomhed:
In order to demonstrate that it meets this element of the definition, an investment entity:
give investorerne dagsværdioplysninger og måle alle væsentlige investeringer til dagsværdi i sit årsregnskab, hvor dagsværdi kræves eller tillades i henhold til IFRS-standarden, og
provides investors with fair value information and measures substantially all of its investments at fair value in its financial statements whenever fair value is required or permitted in accordance with IFRSs; and
rapportere dagsværdioplysninger internt til nøglepersoner i virksomhedens ledelse (som defineret i IAS 24), som bruger dagsværdi som det primære måleparameter til evaluering af resultaterne af alle sine væsentlige investeringer samt til at træffe investeringsbeslutninger.
reports fair value information internally to the entity’s key management personnel (as defined in IAS 24), who use fair value as the primary measurement attribute to evaluate the performance of substantially all of its investments and to make investment decisions.
B85L For at opfylde kravet i B85K, litra a), vil en investeringsvirksomhed:
B85L In order to meet the requirement in B85K(a), an investment entity would:
vælge at gøre rede for investeringsejendom efter dagsværdimodellen i IAS 40 Investeringsejendom,
elect to account for any investment property using the fair value model in IAS 40 Investment Property;
vælge undtagelsen fra anvendelse af den indre værdis metode i IAS 28 på investeringer i associerede virksomheder og joint ventures og
elect the exemption from applying the equity method in IAS 28 for its investments in associates and joint ventures; and
måle sine finansielle aktiver til dagsværdi under anvendelse af kravene i IFRS 9.
measure its financial assets at fair value using the requirements in IFRS 9.
B85M En investeringsvirksomhed kan have nogle ikke-investeringsaktiver, som f.eks. domicilejendom og dertilhørende udstyr, og kan også have finansielle forpligtelser.
B85M An investment entity may have some non-investment assets, such as a head office property and related equipment, and may also have financial liabilities.
Den del af definitionen af en investeringsvirksomhed i afsnit 27, litra c), der omhandler dagsværdimåling, gælder for en investeringsvirksomheds investeringer.
The fair value measurement element of the definition of an investment entity in paragraph 27(c) applies to an investment entity’s investments.
Derfor behøver en investeringsvirksomhed ikke at måle sine ikke-investeringsaktiver eller forpligtelser til dagsværdi.
Accordingly, an investment entity need not measure its non-investment assets or its liabilities at fair value.
Typiske egenskaber for en investeringsvirksomhed
Typical characteristics of an investment entity
B85N Når en virksomhed skal beslutte, hvorvidt den opfylder definitionen af en investeringsvirksomhed, skal den vurdere, om den har de typiske egenskaber for en sådan virksomhed (se afsnit 28).
B85N In determining whether it meets the definition of an investment entity, an entity shall consider whether it displays the typical characteristics of one (see paragraph 28).
Det, at virksomheden ikke har en eller flere af disse egenskaber, betyder ikke nødvendigvis, at den er udelukket fra at blive klassificeret som en investeringsvirksomhed, men at det er nødvendigt at undersøge nærmere, om virksomheden er en investeringsvirksomhed.
The absence of one or more of these typical characteristics does not necessarily disqualify an entity from being classified as an investment entity but indicates that additional judgement is required in determining whether the entity is an investment entity.
Mere end én investering
More than one investment
B85O En investeringsvirksomhed har normalt flere investeringer for at diversificere sin risiko og maksimere afkastet.
B85O An investment entity typically holds several investments to diversify its risk and maximise its returns.
En virksomhed kan have en portefølje af investeringer direkte eller indirekte, f.eks. én investering i en anden investeringsvirksomhed, som selv har flere investeringer.
An entity may hold a portfolio of investments directly or indirectly, for example by holding a single investment in another investment entity that itself holds several investments.
B85P Det kan forekomme, at virksomheden har én investering.
B85P There may be times when the entity holds a single investment.
Dette betyder dog ikke nødvendigvis, at virksomheden ikke opfylder definitionen af en investeringsvirksomhed.
However, holding a single investment does not necessarily prevent an entity from meeting the definition of an investment entity.
En investeringsvirksomhed kan f.eks. kun have én investering, når virksomheden:
For example, an investment entity may hold only a single investment when the entity:
er i en opstartsperiode og endnu ikke har identificeret passende investeringer og derfor endnu ikke har gennemført sin investeringsplan om at erhverve flere investeringer
is in its start-up period and has not yet identified suitable investments and, therefore, has not yet executed its investment plan to acquire several investments;
endnu ikke har foretaget andre investeringer til at erstatte afhændede investeringer
has not yet made other investments to replace those it has disposed of;
har til formål at samle investorers midler for at investere i én investering, når denne investering ikke er mulig for de enkelte investorer at foretage alene (f.eks. når den krævede minimumsinvestering er for høj for én investor alene), eller
is established to pool investors’ funds to invest in a single investment when that investment is unobtainable by individual investors (eg when the required minimum investment is too high for an individual investor); or
er under likvidation.
is in the process of liquidation.
Mere end én investor
More than one investor
B85Q Normalt vil en investeringsvirksomhed have flere investorer, som samler deres midler for at få adgang til investeringsforvaltningstjenester og investeringsmuligheder, som de muligvis ikke ville have haft adgang til alene.
B85Q Typically, an investment entity would have several investors who pool their funds to gain access to investment management services and investment opportunities that they might not have had access to individually.
At have flere investorer betyder, at det er mindre sandsynligt, at virksomheden, eller andre medlemmer af den koncern, hvori virksomheden indgår, vil opnå andre fordele end kapitalgevinst eller investeringsafkast (se afsnit B85I).
Having several investors would make it less likely that the entity, or other members of the group containing the entity, would obtain benefits other than capital appreciation or investment income (see paragraph B85I).
B85R Alternativt kan en investeringsvirksomhed stiftes af eller for én investor, der repræsenterer eller støtter en større gruppe investorers interesser (f.eks. en pensionsfond, offentlig investeringsfond eller familietrust).
B85R Alternatively, an investment entity may be formed by, or for, a single investor that represents or supports the interests of a wider group of investors (eg a pension fund, government investment fund or family trust).
B85S Det kan også forekomme, at virksomheden midlertidigt har én investor.
B85S There may also be times when the entity temporarily has a single investor.
En investeringsvirksomhed kan f.eks. kun have én investor, når virksomheden:
For example, an investment entity may have only a single investor when the entity:
befinder sig i den indledende udbudsperiode, som ikke er udløbet, og virksomheden aktivt er i færd med at identificere egnede investorer,
is within its initial offering period, which has not expired and the entity is actively identifying suitable investors;
endnu ikke har identificeret egnede investorer til at erstatte ejerandele, som er blevet indløst, eller
has not yet identified suitable investors to replace ownership interests that have been redeemed; or
Ikke-nærtstående investorer
Unrelated investors
B85T En investeringsvirksomhed har normalt flere investorer, der ikke er nærtstående parter (som defineret i IAS 24) til virksomheden eller andre medlemmer af den koncern, hvori virksomheden indgår.
B85T Typically, an investment entity has several investors that are not related parties (as defined in IAS 24) of the entity or other members of the group containing the entity.
At have ikke-nærtstående investorer betyder, at det er mindre sandsynligt, at virksomheden, eller andre medlemmer af den koncern, hvori virksomheden indgår, vil opnå andre fordele end kapitalgevinst eller investeringsafkast (se afsnit B85I).
Having unrelated investors would make it less likely that the entity, or other members of the group containing the entity, would obtain benefits other than capital appreciation or investment income (see paragraph B85I).
B85U En virksomhed kan imidlertid stadig klassificeres som en investeringsvirksomhed, selv om dens investorer er nærtstående.
B85U However, an entity may still qualify as an investment entity even though its investors are related to the entity.
En investeringsvirksomhed kan f.eks. oprette en særskilt "parallel" fond for en gruppe medarbejdere (som f.eks. nøglepersoner i ledelsen) eller en eller flere andre nærtstående investorer, som har de samme investeringer som virksomhedens primære investeringsfond.
For example, an investment entity may set up a separate ‘parallel’ fund for a group of its employees (such as key management personnel) or other related party investor(s), which mirrors the investments of the entity’s main investment fund.
Denne "parallelle" fond kan klassificeres som en investeringsvirksomhed, selv om alle investorer er nærtstående parter.
This ‘parallel’ fund may qualify as an investment entity even though all of its investors are related parties.
Ejerandele
Ownership interests
B85V En investeringsvirksomhed er normalt en særskilt juridisk enhed, men dette er ikke et krav.
B85V An investment entity is typically, but is not required to be, a separate legal entity.
Ejerandele i en investeringsvirksomhed består normalt i egenkapitalinstrumenter eller lignende andele (f.eks. partnerskabsandele), som giver ret til en forholdsvis andel af investeringsvirksomhedens nettoaktiver.
Ownership interests in an investment entity are typically in the form of equity or similar interests (eg partnership interests), to which proportionate shares of the net assets of the investment entity are attributed.
At have forskellige klasser af investorer, hvoraf nogle kun har ret til en bestemt investering eller grupper af investeringer, eller som har forskellige forholdsvise andele af nettoaktiverne, udelukker ikke en virksomhed fra at være en investeringsvirksomhed.
However, having different classes of investors, some of which have rights only to a specific investment or groups of investments or which have different proportionate shares of the net assets, does not preclude an entity from being an investment entity.
B85W Endvidere kan en virksomhed, som har betydelige ejerandele i form af gældsinstrumenter, som i overensstemmelse med andre gældende standarder ikke opfylder definitionen af egenkapital, stadig klassificeres som en investeringsvirksomhed, hvis indehaverne af gældsinstrumenterne risikerer variable afkast som følge af ændringer i virksomhedens nettoaktivers dagsværdi.
B85W In addition, an entity that has significant ownership interests in the form of debt that, in accordance with other applicable IFRSs, does not meet the definition of equity, may still qualify as an investment entity, provided that the debt holders are exposed to variable returns from changes in the fair value of the entity’s net assets.
I appendiks B tilføjes en overskrift samt afsnit B100-B101.
In Appendix B, a heading and paragraphs B100–B101 are added.
REGNSKABSMÆSSIG BEHANDLING AF ÆNDRING I INVESTERINGSVIRKSOMHEDSSTATUS
ACCOUNTING FOR A CHANGE IN INVESTMENT ENTITY STATUS
B100 Når en virksomhed ophører med at være en investeringsvirksomhed, skal den anvende IFRS 3 på enhver dattervirksomhed, som tidligere blev målt til dagsværdi over resultatet i overensstemmelse med afsnit 31.
B100 When an entity ceases to be an investment entity, it shall apply IFRS 3 to any subsidiary that was previously measured at fair value through profit or loss in accordance with paragraph 31.
Alle dattervirksomheder konsolideres i overensstemmelse med denne standards afsnit 19-24 fra datoen for statusændringen.
All subsidiaries shall be consolidated in accordance with paragraphs 19–24 of this IFRS from the date of change of status.
B101 Når en virksomhed bliver en investeringsvirksomhed, ophører den med at konsolidere sine dattervirksomheder på datoen for statusændringen, bortset fra enhver dattervirksomhed, som fortsat skal konsolideres i henhold til afsnit 32.
B101 When an entity becomes an investment entity, it shall cease to consolidate its subsidiaries at the date of the change in status, except for any subsidiary that shall continue to be consolidated in accordance with paragraph 32.
Investeringsvirksomheden anvender kravene i afsnit 25 og 26 på de dattervirksomheder, den ophører med at konsolidere, som om investeringsvirksomheden havde mistet den bestemmende indflydelse på disse dattervirksomheder på den pågældende dato.
The investment entity shall apply the requirements of paragraphs 25 and 26 to those subsidiaries that it ceases to consolidate as though the investment entity had lost control of those subsidiaries at that date.
I appendiks C tilføjes afsnit C1B.
In Appendix C, new paragraph C1B is added.
C1B Investeringsvirksomheder (ændringer til IFRS 10, IFRS 12 og IAS 27), udstedt i oktober 2012, vedrørte ændring af afsnit 2, 4, C2A, C6A og appendiks A og tilføjelse af afsnit 27-33, B85A-B85W, B100-B101 og C3A-C3F.
C1B Investment Entities (Amendments to IFRS 10, IFRS 12 and IAS 27), issued in October 2012, amended paragraphs 2, 4, C2A, C6A and Appendix A and added paragraphs 27–33, B85A–B85W, B100–B101 and C3A–C3F.
Hvis en virksomhed anvender ændringerne tidligere, skal den oplyse derom og anvende alle ændringerne i Investeringsvirksomheder.
If an entity applies those amendments earlier, it shall disclose that fact and apply all amendments included in Investment Entities at the same time.
I appendiks C ændres afsnit C2A.
In Appendix C, paragraph C2A is amended.
C2A Uanset kravene i afsnit 28 i IAS 8 vil en virksomhed, når denne standard anvendes første gang, og, hvis dette er senere, når ændringerne vedrørende Investeringsvirksomheder til denne standard anvendes første gang, kun skulle forelægge de kvantitative oplysninger, der kræves i afsnit 28, litra f), i IAS 8 for det regnskabsår, der ligger umiddelbart forud for datoen for førstegangsanvendelsen af denne standard ("den umiddelbart foregående periode").
C2A Notwithstanding the requirements of paragraph 28 of IAS 8, when this IFRS is first applied, and, if later, when the Investment Entities amendments to this IFRS are first applied, an entity need only present the quantitative information required by paragraph 28(f) of IAS 8 for the annual period immediately preceding the date of initial application of this IFRS (the ‘immediately preceding period’).
I appendiks C tilføjes afsnit C3A-C3F.
In Appendix C, new paragraphs C3A–C3F are added.
C3A På datoen for førstegangsanvendelsen skal en virksomhed vurdere, hvorvidt den er en investeringsvirksomhed, på grundlag af de forhold og omstændigheder, der gør sig gældende på denne dato.
C3A At the date of initial application, an entity shall assess whether it is an investment entity on the basis of the facts and circumstances that exist at that date.