43792067 2023-01-20 2023-12-31 43792067 2023-01-20 2023-12-31 1 43792067 2023-01-20 2023-12-31 1 43792067 2023-01-20 2023-12-31 2 43792067 2023-01-20 2023-12-31 1 43792067 2023-01-20 2023-12-31 2 43792067 2023-01-20 2023-12-31 3 43792067 2023-12-31 43792067 2023-01-19 fsa:ContributedCapitalMember 43792067 2023-01-19 fsa:RetainedEarningsMember 43792067 2023-01-19 43792067 2023-01-20 2023-12-31 fsa:ContributedCapitalMember 43792067 2023-01-20 2023-12-31 fsa:RetainedEarningsMember 43792067 2023-12-31 fsa:ContributedCapitalMember 43792067 2023-12-31 fsa:RetainedEarningsMember iso4217:DKK xbrli:pure Anders Sejersdal Capgemini Services Danmark ApS Delta Park 40 2665 Vallensbæk Strand 43792067 Vallensbæk +45 31 15 41 00 www.capgemini.com info.dk@capgemini.com Midtermolen 1, 2.t.v. 2100 København Ø Capgemini Services Danmark ApS is part of the Capgemini Group and is a subsidiary of Capgemini Danmark A/SIn January 2023 Nuuday, leading Danish provider of connectivity and digital services, entered into agreement withCapgemini Danmark A/S to develop and maintain existing IT-systems as a managed service in order to achieve asuccessful transformation to a new platform. With this agreement, 174 employees working in Nuuday Technologywere transferred to Capgemini Danmark A/S as of February 1st, 2023.Capgemini Services Danmark ApS was established January 20th 2023. Its purpose is to host employees that was transferred to Capgemini from a client, Nuuday A/S. Capgemini Services Danmark A/S thus delivers consultancy services to Capgemini Danmark A/S in support of this contract.In the first fiscal year, Capgemini Services Danmark ApS made a revenue of DKK 102m, which stems exclusively from sales of consultancy services to the parent company, Capgemini Danmark A/S. The net profit was DKK 428k and equity ended up at DKK 468k equal to a solididty of 1,8%. Management consider the result satisfactoryAs for 2024 management expect a steady business with a revenue no higher than in 2023 and a one-digit profitmarginKey figures2023DKK '000__________Profit and loss accountsNet revenue 102.101 Gross profit 4.380 Operating profit 760 Net financials -211 Profit/loss for the period 428 Balance sheetBalance sheet total 26.528 Equity 468 Inv.in property, plant and equipment 735 EmpolyeesAverage number of employees 137Key RatiosGross margin (%) 4,3%Profit margin (%) 0,4%Equity share (%) 1,8%Return on equity (%) 182,9%Operation margin 0,7%The financial ratios have been calculated in accordance with the recommendations of the Association of Danish Financial Analysts (2015). Copenhagen, Lars Ole Andersen Anders Sejersdal Dr. Michael Schulte Anil Agarwal Chairman Cécile Geneviève Françoise Bordet The Executive Board and Board of Directors have today considered and adopted the Annual Report of Capgemini Services Danmark ApS for the financial year January 20th – December 31st 2023.The Financial Statements are prepared in accordance with International Financial Reporting Standards asadopted by the EU, and further requirements in the Danish Financial Statements Act.In our opinion, the Financial Statements give a true and fair view of the financial position at December 31st 2023 of the Company and of the results of the Company operations and cash flows for the financial year January 20th – December 31st 2023.In our opinion, Management’s Review includes a true and fair account of the development in the operations and financial circumstances of the Company, of the results for the year and of the financial position of the Company.We recommend that the Annual Report be adopted at the Annual General Meeting. To the Shareholders of Capgemini Services Danmark ApS In our opinion, the Financial Statements give a true and fair view of the financial position of the Company at December 31st 2023, and of the results of the Company’s operations for the financial year January 20th - December 31st 2023 in accordance with the Danish Financial Statements Act.We have audited the Financial Statements of Capgemini Services Danmark ApS for the financial year January 20th - December 31st 2023, which comprise income statement and balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies (“financial statements”). We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Management is responsible for the preparation of Financial Statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.In preparing the financial statements, Management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:· Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.· Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control.· Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.· Conclude on the appropriateness of Management’s use of the going concern basis of accounting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.· Evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. MazarsStatsautoriseret Revisionspartnerselskab 31061741 Nicklas Rasmussen State Authorised Public Accountant Our opinion on the financial statements does not cover Management’s Review, and we do not express any form of assurance conclusion thereon.In connection with our audit of the financial statements, our responsibility is to read Management’s Review and, in doing so, consider whether Management’s Review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.Moreover, it is our responsibility to consider whether Management’s Review provides the information required under the Danish Financial Statements Act.Based on the work we have performed, in our view, Management’s Review is in accordance with the Financial Statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in Management’s Review. 102101000 97721000 4380000 82000 3538000 760000 157000 368000 549000 121000 428000 735000 735000 1118000 1118000 1853000 20592000 119000 5000 20716000 3959000 24675000 26528000 40000 428000 468000 10000000 10000000 777000 193000 15090000 16060000 26060000 26528000 40000 0 40000 0 428000 428000 40000 428000 468000 1. Accounting policiesThe Annual Report for the period January 20th - December 31st 2023 comprise the financial statements ofCapgemini Services Danmark ApS.The Annual Report of has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class C-medium.Functional and presentation currencyThe financial statements are presented in Danish kroner (DKK). The financial statements have been rounded to the nearest thousand.Transactions and balancesForeign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at year end exchange rates are generally recognised in profit or loss. They are deferred in equity if they relate to qualifying cash flow hedges and qualifying net investment hedges or are attributable to part of the net investment in a foreign operation.Foreign exchange gains and losses that relate to borrowings are presented in the statement of profit or loss, within finance costs. All other foreign exchange gains and losses are presented in the statement of profit or loss on a net basis within other income or other expenses.RevenueRevenue is recognized in sales when control over the products or services is transferred to the customer upon delivery, and the customer has the right to use them. In the case of multi-element contracts, revenue recognition is based on an evaluation of the individual selling prices for the identified performance obligations, which includes variable consideration. Revenue is recognized in accordance with IFRS 15Software licensesWhen a software license is provided, it is considered a separate performance obligation when it satisfies certain conditions, such as the ability to be delivered independently from other services, installable by a third party, able to function without upgrades or technical support.Fixed term license agreements give the right to use the software for a determined period of time, which can be extended at the end of the initial term.The main performance obligation related to software license agreements is a right-to-use software license. The right to use the software license is considered a separate performance obligation when it satisfies the following conditions: can be delivered separately from other services, can be installed by a third party, can be used without upgrades and is functional without upgrades or technical support from Capgemini Services Danmark ApS.Revenue from sale of standard software licenses is recognised at point-in-time when delivered, provided the delivery does not depend on client acceptance of its functionality. If there is a requirement for client acceptance of functionality, the license revenue is recognised at the time of acceptance.Production costsCost of services rendered consists of direct and indirect costs including depreciation, amortization, staff expenses and similar expenses. Furthermore, production costs comprise provisions to cover losses on fixed price contracts.Sales and distribution costsSales and distribution expenses comprise salaries and expenses related to sales and marketing.Administration costsAdministration expenses comprise expenses regarding administrative personnel, salaries to management, depreciation, write downs on bad debts and office expenses, etc.Financial income and expensesFinancial income and expenses comprise interest income and expenses, realised and non-realised capital gains/losses on transactions in foreign currency.Income tax and deferred taxThe income tax expense or credit for the period is the tax payable on the current period’s taxable income based on the applicable income tax rate for each jurisdiction adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses.Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the Financial Statements.Deferred income tax assets are recognised only to the extent that it is probable that future taxable profit will be available, against which the temporary differences can be utilised.LeasesLeases are recognised as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the company. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The right-of-use asset is depreciated over the shorter of the asset's useful life and the lease term on a straight-line basis.· Office premises 1-2 yearsVariable lease payments, payments associated with short-term leases and leases of low-value assets are recognised on a straight-line basis as an expense in profit or loss and recogniszed in administrative costs. Interests of lease liabilities are recognised in financial expenses. Short-term leases are leases with a lease term of 12 months or less. Low-value assets comprise IT-equipment and small items of office furniture.DepositsDeposits include deposits paid related to leases and are measures at amortized cost.ReceivablesReceivables are initially recognised at fair value adjusted for any transaction costs. Subsequently, receivables are measured at amortized cost, which usually corresponds to the nominal value. Write-down is made to net realisable value to provide for expected losses.PrepaymentsPrepayments comprise various prepaid expenses such as rent and insurance. Prepayments are measured at cost.Dividend distributionDividends are recognised as a liability in the period in which they are adopted at the Annual General Meeting.Other payableOther payables or liabilities comprise VAT, withholding taxes, salaries costs including accruals for holiday payments. Other payable are recognized at amortized cost, which is usually equivalent to the nominal value.ProvisionsProvisions are recognized when the company as a consequence of events before or on the balance sheet date has a judical or actual liability and it is likely that economic advantages must be released to fulfill the liability. Provisions is made for fixed price agreements on the basis of an individual evaluation of each agreement.Key FiguresThe key figures and financial ratios have been prepared for the Company. The financial ratios have been calculated in accordance with the recommendations of the Association of Danish Financial Analysts (2015). · Gross margin is calculated as the gross profit divided by revenue.· Profit margin is calculated as protit before financials divided by revenue.· Return on equity is calculated as net profit or loss for the year divided by the average equity.· Return on invested capital including goodwill is calculated as operating profit before special items, divided by average invested capital including goodwill.· Revenue/invested capital including goodwill is calculated as revenue divided by average invested capital including goodwill.· Operation margin is calculated as the operation profit divided by revenue. With reference to section 86 (4) of the Danish Financial Statement Act, Capgemini Services Danmark ApS has not prepared a cash flow statement. ___________DKK '0002. Staff expensesWages and salaries 87.183 Pensions, defined contribution plans 5.690 Other staff costs 181 ______________________93.054 137 Key Management CompensationKey management includes Executive Management compensation in 2023. The compensation is paid from the parent company. The compensation paid or payables to key management for employee services is shown below:Wages and salaries 219 Pensions, defined contribution plans 17 Other long-term benefits 9 ___________245 ___________The Board of Directors is not compensated by Capgemini Services Danmark ApS. 3. Financial incomeInterest income, bank 157 ___________157 ___________ 4. Financial expensesInterest expenses, related parties (317)Other financial expenses (51)___________(368)___________ 5. Tax on profit for the yearCurrent tax:Current tax on profit (121)___________Total current tax income___________(121) 6. Leases The company has recognised the following amounts relating to leases:Right-of-use assetsProperties 735 ___________735 ___________Lease liabilitiesCurrent 777 Non-current ______________________777 ___________Additions to the right-of-use assets during the 2023 financial year were DKK 2.204.150The statement of profit or loss shows the following amounts relating to leases:Depreciation charge of right-of-use assetsProperties 1.469 ______________________1.469 Interest expense (included in financial expenses) 42 Expense relating to leases of low value assets that are not short-term leases 0 Expense relating to variable lease payments not included in lease liabilities 4 7. Financial assetsDepositTotal___________DKK '000___________DKK '000Cost:At 20.01.2023 0 0 Additions during the year 1.118 1.118 Disposals during the year 0 0 Transferred to assets held for sale 0 0 ______________________At 31.12.20231.118 1.118 ______________________ 8. Share capitalThe share capital is broken down as follows:Number of sharesNominal value DKK '000Shares 40 40______________________Share capital at 31.12.2023___________40___________40No share hold any special rights.DKK '000___________Changes in share capital:Share capital at 20.01.2023 40Shares issued 0___________Share capital at 31.12.202340___________ 9. Long-term loan from parent companyCapgemini Services Danmark ApS has obatined an intercompany loan from its parent company. The entire loan is due earlier than 5 years 10. Related partiesThe Company is controlled by Capgemini Danmark A/S which owns 100 % of the shares. The Company's ultimate parent is Capgemini SE, France.The following transactions were carried through with related parties:Sales of goods and servicesSale of royalties / license to other related parties 0 Sals of services to other related parties 102.101 ___________102.101 ___________Purchase of goods and services Purchase of management services from parent 0 Purchase of management services from other related parties 0 Purchases of goods from other related parties 0 Purchases of services from other related parties 0 ___________0 ___________Transactions with Parent:Trade receviables from Parent 20.592 ___________20.592 ___________Payables to Parent10.000 ___________10.000 ___________ 11. Contingent liabilitiesThe Company participates in a Danish joint taxation arrangement. According to the joint taxation provisions of the Danish Corporation Tax Act, the Company is therefore liable for income taxes etc. for the jointly taxed companies and also obligations, if any, relating to the withholding of tax on interest, royalties and dividend. 12. ConsolidationName and registered office of the parent preparing consolidated financial statement for the smallest and largest group:Capgemini SE, France 13. Events after the balance sheet dateSubsequent to the balance sheet date, no other events that could significantly affect the financial statements as of December 31st, 2023 have occurred. Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2023-01-20 2023-12-31 2024-05-30 Reporting class C, medium-size enterprise 2024-05-30 43792067 Capgemini Services Danmark ApS Delta Park 40 2665 Vallensbæk Strand Opinion Basis for Opinion Copenhagen 2024-05-30 mne43474