Page 12 - COP 2016-2017

Ownership

Profit and loss account
2013 2014 2015 2016
DKK’000 DKK’000 DKK’000 DKK’000

Net turnover 30,375 20,398 32,025 26,154
Gross profit 7,188 5,346 7,055 6,498
Staff expense -4,817 -4,894 -5,888 -5,826
Depreciation -108 -109 -149 -132
Net financial items -584 241 -156 -9
1,679 584 862 531
Corporate tax -426 -146 -198 -140

1,253 438 664 391

Illustrated above is the summary of the financial statement for
PDAid’s total company structure for the years 2013-2016.

Phoenix Design Aid A/S
VAT/CVR no. DK 20 77 12 91
DPN Holding LLC (90%) and Malaj LLC (10%) own Phoenix Design
Aid A/S. The company enjoys the support from a professional and
experienced Advisory Board, serving PDAid’s interests by offering
their opinion on legal, strategic and financial matters.

”The management of Phoenix Design Aid A/S believes that payment
of taxes is a significant part of being a responsible member of the
local community. PDAid contributes to the Danish society with
payment of Company tax, Payroll tax and VAT. All of which is based
on a compliant approach to the Danish ethical and regulatory
standards”

Anders Hübertz Mortensen
State Authorized Accountant

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12 | Phoenix Design Aid CSR Report Communication on Progress 2016-2017 | Phoenix Design Aid Communication on Progress 2016-2017