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← Overview · Aarhus
Public financesAssets and debtTaxation
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Why some modules are greyed out
  • coming soon: this release opens three deep analyses: public finances, assets and debt, taxation
  • removed for now: currency and IMF country series were not tied closely enough to the city; the balance sheet (assets vs debt) stays in Assets and debt
  • removed, named: sovereign wealth funds; no free official API (paid SWF Institute); revisit if a public source appears
  • removed, nommé: les séries routières BM (IS.ROD.*) sont archivées et IRF access is paid; revisit if a public source becomes available again
  • removed, named: duplicate de Telecoms Digital (same indicateurs WB broadband/mobile); merged rather than duplicated

AARHUS · REGION MIDTJYLLAND · DANEMARK

Infrastructure assets and debt of Aarhus

2023 · 2024 · 2025audited

Recorded public assets per capita of Aarhus: actifs non financiers et financiers face à la dette, by tier. Ce sont des valeurs comptables publiées (coût historique), pas un titre de propriété ni le coût de remplacement. A maintenance deficit (D2), if published, is a liability, never an asset, and never mixed in silently.

Balance-sheet line items, and which ones enter the total

Deux postes s'additionnent: le capital physique (P1) et les actifs financiers (P3). P2 et P4 sont des morceaux de ces deux-là: les additionner une seconde fois compterait le même bien deux fois. P5 est annoncé (ressources). D1 est la dette de bilan; D2 est le déficit d'infrastructure: une dette, pas un actif, annoncé mais pas encore chiffré. « À venir » ne vaut pas zéro. Each row porte son stock en amont (in sa section). La pile n'additionne que des montants par habitant: on descend stock → /hab, on ne remonte pas une somme CAD à travers des populations différentes. Le fédéral ÷ les Canadiens, Montréal ÷ les Montréalais.

Balance-sheet itemPer capita (DKK)Stock total (DKK)Addition
P1Physical capitalterrains, bâtiments, routes, réseaux, véhicules46,007non additionnableenters the totalP2including Military capitalships, aircraft and armour of the national tiernot publishednot publishedalready counted in P1P3FINANCIAL ASSETStrésorerie, placements, créances238,610non additionnableenters the totalP4including equity holdings in state-owned enterprisesgovernment share of equitynot publishednot publishedalready counted in P3P5Natural resources publicforests, minerals and hydrocarbons of the public domaincoming sooncoming soonnot yet in the totalD1Debt and liabilitiesloans, obligations, engagements envers le personnel197,916non additionnableis subtracted from assetsD2Infrastructure deficitremediation cost: off-book liability, not an assetcoming sooncoming soonnot yet in the total
Total of published assets (pile /res.)118,056 DKK per capitaCAD non additionnable distinct denominators: the stack cannot be rebuiltP1 + P3, sum of per-capita figures by tier (not a CAD consolidation)
Debt and liabilities D1 (stack per capita)197,916 DKK per capitaCAD non additionnable distinct denominators: the stack cannot be rebuiltdebt de bilan, same tiers, en /res. only
Net position (pile /res.)-79,860 DKK per capitaCAD non additionnable distinct denominators: the stack cannot be rebuiltassets less debt, à millésime commun, en /res. only
Section 1 on 9

What balance sheets record

All tiers2023 · 2024 · 2025DKK per capitaAnalytical sumTotal assets = P1 + P3Sources and method

Actifs publics enregistrés pour un habitant de cette ville: patrimoine (non financier + financier) face à la dette, By tier.

This is not your title deed. The figures below are what public balance sheets record as assets and liabilities of the governments that serve a resident of Aarhus. The « per capita » is a denominator, pas un droit individuel.

Deux lectures. (1) Patrimoine: non-financial (land, buildings, networks) and financial (cash, receivables, equity holdings). (2) Who carries it: FEDERAL, intermédiaire, city, sécu. when published. La dette répond en face, with son concept named.

Assets published

118,056

DKK per capita

Analytical sum of the displayed tiers

Liabilities published

197,916

DKK per capita

Liabilities de bilan, same tiers

Net position

-79,860

DKK per capita

Assets − liabilities (same vintage requis)

Liabilities ÷ assets

1.68×

ratio

> 1: Liabilities above of published assets

No infrastructure maintenance deficit published for this city in the linked accounts: the « infrastructure deficit » mode stays closed (named absence, not a zero).

Who bears what

Each bar is un government, divisé par la population de SON territoire.

Shared scale: 0 to 197,916 DKK/res. The longest bar reaches this maximum; the other does not.

AssetsLiabilities
National
not published
134,195 DKK/res.
not calculated
Soc. sec.
not published
378 DKK/res.
not calculated
Region Midtjylland
19,115 DKK/res.
13,403 DKK/res.
+5,712 DKK/res. net surplus
Aarhus
98,941 DKK/res.
49,940 DKK/res.
+49,001 DKK/res. net surplus

Le calcul, row by row

Montant officiel du palier, population qui le divise, Amount per capita, et le total de la pile.

Summary By tier: Official amount, population et montant par habitant
TierPopulation (dénominateur)Assets (DKK/res.)Liabilities (DKK/res.)Net position (DKK/res.)Vintage
NationalFederal or national tier6,000,000Denmarknot published805.17 G DKK ÷ 6,000,000 res. =134,195not calculated2023
Soc. sec.Sous-secteur de la social security6,000,000Soc. sec.not published2.27 G DKK ÷ 6,000,000 res. =378not calculated2023
Region MidtjyllandProvincial or state tierflag for this tier not proven in the register1,373,799Region Midtjylland26.26 G DKK ÷ 1,373,799 res. =19,11518.41 G DKK ÷ 1,373,799 res. =13,4035,7122024
AarhusTier municipalabsent (404 on every candidate)373,388Aarhus36.94 G DKK ÷ 373,388 res. =98,94118.65 G DKK ÷ 373,388 res. =49,94049,0012025
Stack totalsomme analytique des paliers displayed, non consolidéedifferent populations: no common denominatorstock cumulé 63.20 G DKK118,0562 Tier(s) not published(s), outside sommestock cumulé 844.50 G DKK197,916-79,8602023 · 2024 · 2025

Patrimoine vs debt, pour chaque palier

Non financier (P1) et financier (P3) quand publiés; one line absent is named, jamais remplacé par zéro.

Composition du bilan de chaque palier, per capita
TierNON-FINANCIAL ASSETS (DKK/res.)FINANCIAL ASSETS (DKK/res.)TOTAL ASSETS (DKK/res.)Liabilities (DKK/res.)Net position (DKK/res.)
NationalFederal or national tiernot published184,978P1 or P3 missing from GFS for this tier134,195not calculated
Soc. sec.Sous-secteur de la social securitynot published698P1 or P3 missing from GFS for this tier378not calculated
Region MidtjyllandProvincial or state tierflag for this tier not proven in the registernot publishednot published19,11513,4035,712
AarhusTier municipalabsent (404 on every candidate)46,00752,93498,94149,94049,001
Stack totalanalytical sum, not consolidated46,0073 Tier(s) not published(s), outside somme238,6101 Tier(s) not published(s), outside somme118,0562 Tier(s) not published(s), outside somme197,91654,7122 Tier(s) not published(s), outside somme
Sources and method

Analytical sum, not consolidated: footprint of the tiers that serve the resident; may contain relations between administrations. P2 (defence) and P4 (holdings) are subsets: never added a second time into asset totals. Total assets = P1 + P3. Social security (S1314) is a distinct tier when GFS publishes it.

Paliers lus: DST REGR4 2024 ÷ population (DST FOLK1A 2025K1 (région)) · Danmarks Statistik · api.statbank.dk REGK4 BULK OMRÅDE=* FUNKTION=* · IMF GFS, Tier S1311 · IMF GFS, Tier S1314

TOTAL ASSETS published (P1 + P3) = 284,617 DKK per capita.

Sources de this section

  • IMF GFS, Tier S1311 lien direct not published
  • IMF GFS, Tier S1314 lien direct not published
  • DST REGR4 2024 ÷ population (DST FOLK1A 2025K1 (région)) lien direct not published
  • Danmarks Statistik · api.statbank.dk REGK4 BULK OMRÅDE=* FUNKTION=* lien direct not published

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Section 2 on 9

Non-financial assets

P1 · enters the totalAarhusmunicipal: not publishedSources and method

Capital physique (P1): terrains, bâtiments, réseaux. BOOK VALUE By tier, pas le coût de remplacement.

Capital physique (P1). Patrimoine non financier des paliers displayed. Sans bilan municipal comparable branché, seule la grille P1 (si publiée) apparaît.

P1 Physical capital By tier: valeur total, part, valeur public, population et montant par habitant
EntityValeur totalOwnership %Value owned by the statePopulationState value / resident
AarhusTier municipalabsent (404 on every candidate)
Aarhus: capital physique202517.18 G DKKBOOK VALUE (municipal balance sheet audited)100 %17.18 G DKK373,388 Aarhus46,007 DKK/res.17.18 G DKK ÷ 373,388 res.

Valeur totale = stock d'actifs non financiers du palier. Ownership % = 100 % du bilan public de ce palier (pas une société). Population = dénominateur du palier (pays, province ou ville), pas un prorata inventé. P2 militaire est un sous-ensemble nommé plus bas: jamais additionné une seconde fois.

Sources and method

Grille P1 alignée sur le modèle State-owned enterprises. No comparable municipal balance sheet connected for this geography.

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Section 3 on 9

Military capital

FEDERALnot publishedSources and method

P2 by row: valeur total, 100 % FEDERAL, Population nationale, per capita.

Military capital not published for this country in the connected sources.
Sources and method

Named gap: no comparable open inventory.

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Section 4 on 9

FINANCIAL ASSETS

P3 · adds into the total2023 · 2024 · 2025DKK per capita3 Tier(s) with P3Sources and method

Cash, receivables, equity holdings (P3): published financial assets, distinct from physical capital.

Not buildings. P3 = actifs financiers des administrations: liquidités, créances, securities, participations quand le bilan les sépare. Ce n'est pas le capital physique (P1).

FINANCIAL ASSETS (somme /res.)

238,610

DKK per capita

P3 by displayed tier · CAD en amont dans le tableau

P3 FINANCIAL ASSETS By tier: valeur total, part, valeur public, population et montant par habitant
EntityValeur totalOwnership %Value owned by the statePopulationState value / resident
NationalFederal or national tier
National: FINANCIAL ASSETS20231,109.87 G DKKFINANCIAL ASSETS (P3)100 %1,109.87 G DKK6,000,000 Denmark184,978 DKK/res.1,109.87 G DKK ÷ 6,000,000 res.
Soc. sec.Sous-secteur de la social security
Sécu.: FINANCIAL ASSETS20234.19 G DKKFINANCIAL ASSETS (P3)100 %4.19 G DKK6,000,000 Soc. sec.698 DKK/res.4.19 G DKK ÷ 6,000,000 res.
AarhusTier municipalabsent (404 on every candidate)
Aarhus: FINANCIAL ASSETS202519.76 G DKKFINANCIAL ASSETS (P3)100 %19.76 G DKK373,388 Aarhus52,934 DKK/res.19.76 G DKK ÷ 373,388 res.
Stack totalsomme analytique des paliers displayed, non consolidée1,133.82 G DKK100 %1,133.82 G DKKdifferent populations: no common denominator238,610 DKK/res.

Valeur totale = stock d'actifs financiers du palier. Ownership % = 100 % du bilan public de ce palier. P4 (participations / sociétés d'État) est un sous-ensemble nommé dans la section suivante.

Sources and method

P3 = FINANCIAL ASSETS published. Codes GFS (G62) dans la preuve seulement. P4 (participations) est un sous-ensemble de P3 lorsqu'il mesure les parts publiques.

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Section 5 on 9

State-owned enterprises

not publishedSources and method

Participations public By tier: valeur total, State share, puis ÷ habitant du palier.

No company balance sheet reread for this city.
Sources and method

Le poste GFS F5 (P4) reste in P3; no rapport annual relu here.

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Section 6 on 9

Natural resources public

P5 · coming soonoutside totalaucune source reliéeSources and method

P5: announced in the page plan, not yet quantified. The gap is named.

P5 coming soon: aucune estimation officielle comparable n'est reliée pour cette géographie. Le poste reste à zéro ligne, pas à zéro dollar.

Rent or market-price estimates are not liquid or saleable assets.

Sources and method

No resources source connected. A national pro-rata is not invented.

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Section 7 on 9

Public debt

D1 · is subtracted from assets4 Tier(s) with debt2023 · 2024 · 2025DKK per capitaSources and method

Liabilities / debt published face au patrimoine: concept named By tier (GFS, bilanz, Destatis…), jamais mélangé sans le dire.

Opposite the assets. Each tier carries the debt (or liabilities) its source publishes. The concept is named on the row: a Destatis stock is not compared to a doppik balance sheet without saying so.

Debt and liabilities (D1, sum)

197,916

DKK per capita

Définition principale: Liabilities de bilan

Of which city debt

49,940

DKK per capita

Municipal perimeter seul

Années différentes: les reference years des paliers ne coïncident pas.

Debt / Liabilities By tier: valeur total, part, valeur public, population et montant par habitant
EntityValeur totalOwnership %Value owned by the statePopulationState value / resident
NationalFederal or national tier
National: Liabilities2023805.17 G DKKLiabilities de bilan100 %805.17 G DKK6,000,000 Denmark134,195 DKK/res.805.17 G DKK ÷ 6,000,000 res.
Soc. sec.Sous-secteur de la social security
Sécu.: Liabilities20232.27 G DKKLiabilities de bilan100 %2.27 G DKK6,000,000 Soc. sec.378 DKK/res.2.27 G DKK ÷ 6,000,000 res.
Region MidtjyllandProvincial or state tierflag for this tier not proven in the register
Region Midtjylland: Liabilities202418.41 G DKKLiabilities de bilan100 %18.41 G DKK1,373,799 Region Midtjylland13,403 DKK/res.18.41 G DKK ÷ 1,373,799 res.
AarhusTier municipalabsent (404 on every candidate)
Aarhus: Liabilities202518.65 G DKKLiabilities de bilan100 %18.65 G DKK373,388 Aarhus49,940 DKK/res.18.65 G DKK ÷ 373,388 res.
Stack totalsomme analytique des paliers displayed, non consolidée844.50 G DKK100 %844.50 G DKKdifferent populations: no common denominator197,916 DKK/res.

Même grille que State-owned enterprises. Valeur totale = passifs de bilan du palier. Ownership % = 100 % du bilan public de ce palier. Population = dénominateur du palier (pays, province, ville ou Sécu.), pas un prorata inventé.

Sources and method

Définition principale: TOTAL LIABILITIES de bilan. Dette brute / nette / directe-indirecte: variantes dans les preuves des pages source, pas empilées ici.

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Section 8 on 9

Credit ratings

AarhusRegion MidtjyllandDenmarkSources and method

Trois cards: city, province, pays. Pas de score maison.

Aarhus

not published

no comparable open rating connected

Agence · perspective · date: non lue

Region Midtjylland

not published

no comparable open rating connected

Agence · perspective · date: non lue

Denmark

not published

no comparable open rating connected

Agence · perspective · date: non lue

Sources and method

No comparable open rating is connected for this city yet. No grade is invented.

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Section 9 on 9

What each tier owns and owes

Details Tier By tier4 Tier(s)2023 · 2024 · 2025DKK per capitaTotal assets = P1 + P3Sources and method

Same detail for each government: assets vs liabilities bars, then amount and per-capita table.

Un bilan by administration. Même lecture que pour la ville: capital physique et actifs financiers face à la dette, en montant et par habitant. La somme analytique de la pile (118,056 DKK par habitant d'actifs, 197,916 de dette) n'additionne que des /hab: on ne remonte pas une somme CAD à travers des populations différentes.

Assets (somme /res.)

118,056

DKK per capita

Pile · P1 + P3

Debt and liabilities (sum per capita)

197,916

DKK per capita

Pile · D1

Net position (somme /res.)

-79,860

DKK per capita

Assets less debt

Balance-sheet detail · National

Palier national (National): actifs non financiers (P1) et financiers (P3) face aux passifs (D1). Central government of Denmark, ÷ Population nationale (6.00 M)

Bilan · National
Line itemMontant (DKK)Per capita (DKK)
NON-FINANCIAL ASSETS (P1)not publishednot published
FINANCIAL ASSETS (P3)1,109.87 G DKK184,978
TOTAL ASSETSnot publishednot published
TOTAL LIABILITIES (D1)805.17 G DKK134,195
Net position (assets − liabilities)not publishednot published

Population de référence: 6,000,000 (Danemark). Fiscal year 2023.

Détail du bilan · Soc. sec.

Actifs non financiers (P1) et financiers (P3) face aux passifs (D1). Social security of Denmark, ÷ Population nationale (6.00 M)

Bilan · Soc. sec.
Line itemMontant (DKK)Per capita (DKK)
NON-FINANCIAL ASSETS (P1)not publishednot published
FINANCIAL ASSETS (P3)4.19 G DKK698
TOTAL ASSETSnot publishednot published
TOTAL LIABILITIES (D1)2.27 G DKK378
Net position (assets − liabilities)not publishednot published

Population de référence: 6,000,000 (Sécu.). Fiscal year 2023.

Balance-sheet detail · Region Midtjylland

Actifs non financiers (P1) et financiers (P3) face aux passifs (D1). Region Midtjylland ÷ sa Population (1.37 M) ; DST REGR4 2024

Bilan · Region Midtjylland
Line itemMontant (DKK)Per capita (DKK)
NON-FINANCIAL ASSETS (P1)not publishednot published
FINANCIAL ASSETS (P3)not publishednot published
TOTAL ASSETS26.26 G DKK19,115
TOTAL LIABILITIES (D1)18.41 G DKK13,403
Net position (assets − liabilities)7.85 G DKK5,712

Population de référence: 1,373,799 (Region Midtjylland). Fiscal year 2024.

Balance-sheet detail municipal de Aarhus

Actifs non financiers (P1) et financiers (P3) face aux passifs (D1). kommune, ÷ Population municipal (373,388)

Bilan · Aarhus, per capita

Aarhus · DKK per capita · vintage 2025net position +49,001 DKK/res.
assetsNon financiersFinanciers98,941 DKK/res.
LiabilitiesLiabilitiesnet +49,940 DKK/res.

Same scale on both bars. Non-financial = physical capital (P1); financial = P3. A single tier: not the stack sum.

Bilan · Aarhus
Line itemMontant (DKK)Per capita (DKK)
NON-FINANCIAL ASSETS (P1)17.18 G DKK46,007
FINANCIAL ASSETS (P3)19.76 G DKK52,934
TOTAL ASSETS36.94 G DKK98,941
TOTAL LIABILITIES (D1)18.65 G DKK49,940
Net position (assets − liabilities)18.30 G DKK49,001

Population de référence: 373,388 (Aarhus). Fiscal year 2025.

Replacement cost and maintenance deficit (D2): not published on a comparable basis.

Pas de ligne « total consolidé »: la somme arithmétique des paliers n'est pas une consolidation. Total assets = P1 + P3. P2 ⊂ P1 et P4 ⊂ P3 ne sont jamais ajoutés deux fois. D2 (déficit d'infrastructure) est une dette annoncée, pas un actif.

Sources and method

Same sources as sections 1 to 7. Net formula = assets − debt only at a common vintage. Total assets = P1 + P3: P2 is in P1 and P4 in P3, never added twice. P5 and D2 are announced and not yet quantified.

Sources de this section

  • IMF GFS, Tier S1311 lien direct not published
  • IMF GFS, Tier S1314 lien direct not published
  • DST REGR4 2024 ÷ population (DST FOLK1A 2025K1 (région)) lien direct not published
  • Danmarks Statistik · api.statbank.dk REGK4 BULK OMRÅDE=* FUNKTION=* lien direct not published

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Data-quality signals (short label beside the figure; Details here):

  • Audited Account or report audited by an independent body.
  • API official Series published through an official API or machine feed.
  • Document official Figure checked in a public document (PDF, HTML, XLSX).
  • Derived Computed here from published figures (formula in the proof).
  • Partial Coverage incomplète: some pièces manquent, named ailleurs.
  • Retenu Datum exists but is not published here (publication gate).
  • Non disponible Expected but not connected or inaccessible.
  • Not published The source or the territory does not publish this value.
  • Non applicable The concept does not apply to this scope.

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COLOURSfamily « Public finances » la même teinte désigne cette fonction publique partout: onglets, flow diagram, Spending by category, figure cards.intensity = position pale = bottom of the range of countries with figures, full = top. This is a position marker, NOT a score: "high" does not mean "good."light stroke the median of countries with figures, on the position bar.green / amber / grey on the counter tous les indicateurs de la section sont chiffrés / une partie seulement / aucun. The counter is the number of rows with figures on this page.gris no datum. Grey is reserved for a gap and never paints a value: a grey cell is an empty cell, clearly disclosed.
Generated from official accounts at each publication, mandatory checks; the division is in each row's hover text; columns without a connected source are named, never filled. coverage & holds