Supply units

Financial reporting in accordance with the Danish Financial Statements Act and the Heat Supply Act are important management areas in district heating companies and combined heat and power plants. This also applies to a large extent to financial management and not least budgeting.

RSM has, thanks to many years of experience, provided assistance with both auditing and assistance with the presentation of the accounts, as well as statutory declaration tasks. In connection with consulting the works, we have, among other things. extensive experience in assistance with budget systems and budgeting at district heating plants. 

From our offices, we currently operate a number of large and small district heating plants and combined heat and power plants. We place great emphasis on close personal contact with the heating plants and on always being completely up to date with the latest knowledge, and we know that our customers appreciate just the close contact. 

In connection with the audit of the heating plant's annual accounts, we can offer our assistance in a large number of areas, including:

• Preparation of annual accounts
• Advice on and preparation of taxable income, as well as filling in and submitting a tax return to SKAT
• Preparation of budget for the Danish Energy Regulatory Authority
• Preparation and audit of price verification for the Danish Energy Regulatory Authority
• Submission of various material to the Danish Energy Regulatory Authority
• Advice in connection with investment and financing, including contact to KommuneKredit or another financial institution
• Advice on improving internal controls and administrative procedures at the plant
• Advice on the ongoing financial management and reporting, including about choices within the special rules in the Heat Supply Act incl. associated executive orders and guidelines, i.a. around depreciation and provisions
• Calculations in connection with a member / shareholder's resignation
• Accounting assistance, including calculation of VAT and reimbursable energy taxes
• Attendance at board meetings and general meetings
• Price verification and self-evaluationUnrestricted and restricted equity
• Construction management and tender rules

Financial reporting in accordance with the Danish Financial Statements Act and the Water Sector Act are important management areas in water supply companies. This also applies to a large extent to financial management in general and not least budgeting. 

RSM Denmark has, due to many years of experience in this special area, provided assistance with both auditing and assistance with the presentation of the accounts as well as statutory declaration tasks on price verification. In connection with consulting the works, we have e.g. extensive experience in assisting with budget systems and budgeting at water supply companies. 

From our offices today we serve a number of large and small water supply companies. We place great emphasis on the close personal contact with the water supply company, as well as on always updated knowledge in this special area.

It is important to be aware of:

• Operating / budgetary conditions, eg long-term budgets.
• Valuation models.
• Construction management and tender rules.
• Borrowing.

In connection with the audit of the water supply's annual accounts, we can offer our assistance in a large number of areas, including:

• Preparation of annual accounts.
• If the work is taxable, advice on and preparation of taxable income, as well as filling in and submitting a tax return to SKAT.
• Dialogue with the Danish Competition Authority.
• Preparation and revision of declarations to the Danish Competition Authority.
• Investment and financing advice.
• Advice on improving internal controls and administrative procedures.
• Advising on the ongoing financial management and reporting, including elections within the special rules in the Water Sector Act.
• Accounting assistance, including calculation of VAT and reimbursable energy taxes.
• Attendance at board meetings and general meetings.