25800680 2024-05-01 2025-04-30 cmn:ConsolidatedMember 25800680 2024-05-01 2025-04-30 25800680 2023-05-01 2024-04-30 cmn:ConsolidatedMember 25800680 2022-05-01 2023-04-30 cmn:ConsolidatedMember 25800680 2021-05-01 2022-04-30 cmn:ConsolidatedMember 25800680 2020-05-01 2021-04-30 cmn:ConsolidatedMember 25800680 2024-05-01 2025-04-30 cmn:ConsolidatedMember 0 25800680 2023-05-01 2024-04-30 cmn:ConsolidatedMember 1 25800680 2022-05-01 2023-04-30 cmn:ConsolidatedMember 2 25800680 2021-05-01 2022-04-30 cmn:ConsolidatedMember 3 25800680 2020-05-01 2021-04-30 cmn:ConsolidatedMember 4 25800680 2024-05-01 2025-04-30 cmn:ConsolidatedMember 0 25800680 2024-05-01 2025-04-30 cmn:ConsolidatedMember 0 25800680 2024-05-01 2025-04-30 cmn:ConsolidatedMember 1 25800680 2024-05-01 2025-04-30 cmn:ConsolidatedMember 2 25800680 2024-05-01 2025-04-30 cmn:ConsolidatedMember 3 25800680 2024-05-01 2025-04-30 cmn:ConsolidatedMember 0 25800680 2024-05-01 2025-04-30 cmn:ConsolidatedMember cmn:OtherRenderingOfReportedValueMember 25800680 2023-05-01 2024-04-30 cmn:ConsolidatedMember cmn:OtherRenderingOfReportedValueMember 25800680 2025-04-30 cmn:ConsolidatedMember cmn:OtherRenderingOfReportedValueMember 25800680 2024-04-30 cmn:ConsolidatedMember cmn:OtherRenderingOfReportedValueMember 25800680 2023-04-30 cmn:ConsolidatedMember 25800680 2022-04-30 cmn:ConsolidatedMember 25800680 2021-04-30 cmn:ConsolidatedMember 25800680 2023-05-01 2024-04-30 25800680 2025-04-30 cmn:ConsolidatedMember 25800680 2024-04-30 cmn:ConsolidatedMember 25800680 2025-04-30 25800680 2024-04-30 25800680 2023-05-01 2024-04-30 cmn:ConsolidatedMember 1 25800680 2024-05-01 2025-04-30 cmn:ConsolidatedMember 0 25800680 2024-05-01 cmn:ConsolidatedMember 25800680 2023-05-01 cmn:ConsolidatedMember 25800680 2024-05-01 2024-05-01 cmn:ConsolidatedMember xbrli:pure iso4217:DKK Regnskabsklasse C, mellemstor virksomhed 2025-09-01 Årsrapport 30700228 EY Godkendt revisionspartnerselskab Cortex Park Vest 3 5230 Odense M xWizard version 1.1.1388.0, by EasyX Aps. www.easyx.eu 2023-05-01 2024-04-30 2025-09-01 Leo Schou-Jensen Revisionspåtegning Grundlag for konklusion Konklusion Ledelsespåtegning -0.035 0.777 0.633 -0.002 -0.015 0.762 0.648 0.098 0.023 0.736 0.634 0.199 0.082 0.796 0.595 0.258 0.076 0.811 0.609 0.148 -0.057 -0.024 0.04 0.108 0.074 The Board of Directors and the Executive Board have today discussed and approved the annual report of  Prolog Development Center Holding A/ S for the financial year 1 May 2024–30 April 2025. 2024-05-01 2025-04-30 The annual report has been prepared in accordance with the Danish Financial Statements Act.   In our opinion, the consolidated financial statements and the parent company financial statements give  a true and fair view of the financial position of the Group and the Parent Company at 30 April 2025 and  of the results of their operations and consolidated cash flows for the financial year 1 May 2024 –   30 April 2025.   Further, in our opinion, the Management's review gives a fair review of the matters discussed in the  Management's review.   We recommend that the annual report be approved at the annual general meeting.   Brøndby Finn Grønskov Leo Schou-Jensen Chair Finn Grønskov Bente Torp Grønskov Jensen Independent auditor's report   Independent auditor's report   As part of an audit conducted in accordance with ISAs and additional requirements applicable in  Denmark, we exercise professional judgement and maintain professional scepticism 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 Group's and the Parent 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 Group's  and the Parent 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 Group and the Parent Company to cease to  continue as a going concern.   ► Evaluate the overall presentation, structure and contents of the financial statements, including the  note disclosures, and whether the financial statements represent the underlying transactions and  events in a manner that gives a true and fair view.   ► Plan and perform the group audit to obtain sufficient appropriate audit evidence regarding the   financial information of the entities or business units within the group as a basis for forming an   opinion on the group financial statements and the parent company financial statements. We are  responsible for the direction, supervision and review of the audit work performed for purposes of   the group audit. We remain solely responsible for our audit opinion.  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.   Independent auditor's report   Based on the work we have performed, we conclude that the 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 of the Management's review.   To the shareholders of Prolog Development Center Holding A/ S   Conclusion   We have audited the consolidated financial statements and the parent company financial statements of  Prolog Development Center Holding A/ S for the financial year 1 May 2024 –30 April 2025, which  comprise income statement, balance sheet, statement of changes in equity and notes, including   accounting policies, for the Group and the Parent Company, and a consolidated cash flow statement.  The consolidated financial statements and the parent company financial statements are prepared in  accordance with the Danish Financial Statements Act.   In our opinion, the consolidated financial statements and the parent company financial statements give  a true and fair view of the financial position of the Group and the Parent Company at 30 April 2025 and  of the results of the Group's and the Parent Company's operations as well as the consolidated cash flows  for the financial year 1 May 2024 –30 April 2025 in accordance with the Danish Financial Statements  Act.   Basis for opinion   We conducted our audit in accordance with International Standards on Auditing (ISAs) and 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 consolidated financial statements   and the parent company financial statements" (hereinafter collectively referred to as "the financial  statements") section of our report. We believe that the audit evidence we have obtained is sufficient and  appropriate to provide a basis for our opinion.   Independence   We are independent of the Group in accordance with the International Ethics Standards Board for  Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional  ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in  accordance with these requirements and the IESBA Code.   Management's responsibilities for the financial statements   Management is responsible for the preparation of consolidated financial statements and parent   company 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 Group's and the  Parent 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 Group or the Parent Company or to cease operations,  or has no realistic alternative but to do so.   Auditor's responsibilities for the audit of the financial statements   Our objectives are to obtain reasonable assurance as to whether the financial statements as a whole are  free from material misstatement, whether due to fraud or error, and to issue an auditor's report that   includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an   audit conducted in accordance with ISAs and additional requirements applicable in Denmark will always  detect a material misstatement when it exists. Misstatements can arise from fraud or error and are  considered material if, individually or in the aggregate, they could reasonably be expected to influence   the economic decisions of users taken on the basis of the financial statements.   Statement on the Management's review  Management is responsible for the Management's review.   Our opinion on the financial statements does not cover the 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 the Management's  review and, in doing so, consider whether the 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 the Management's review provides the information   required under the Danish Financial Statements Act.   Copenhagen 2025-09-01 EY Godkendt Revisionspartnerselskab 30700228 Allan Nørgaard State Authorised Public Accountant mne35501 Prolog Development Center Holding A/ S H. J. Holst Vej 3-5 C 2605 Brøndby 25800680 Registered office Brøndby Key figures   Financial ratios   132065 38 134725 5224 136600 9888 127993 11167 108146 5812 79924 81438 80368 78421 64936 -1097 51159 -1246 53359 -326 51406 -663 46974 -1487 39809 Return on assets Return on assets Return on assets Return on assets Return on assets 134 133 124 123 113 For terms and definitions, please see the accounting policies.   Business review   The Group's main activities are to develop and sell software and related activities.  Financial review, Group   The financial report for 2024/25 shows a profit of DKK 38 thousand against a profit of DKK 5,224  thousand last year, and the balance sheet at 30 April 2025 shows equity of DKK 51,159 thousand.   Not all of the companies in the group contributed to the growth in Turnover as expected, so in fact the  turnover in the group declined with 2%to DKK 134 million. This was primarily impacted by a large   investment into a scheduling solution for healthcare and increased hosting costs.   The profit before tax declined from DKK 9.8 million to DKK 5.2 million. Seen in the light of the reduced  turnover, this is considered satisfactory.   The main activities within the key areas of the company includes:   Planning and scheduling solutions within Airports, Airlines, Health Care and many other verticals,  with significant growth in the customer base.    Nuclear Emergence management    Speech recognition Solutions   Events after the balance sheet date   No events affecting the 2024/25 annual report has occurred after the balance sheet date.   Outlook  The outlook for 2025/2026 is a moderate growth of 5-10%in Turnover and a Profit that is expected to  be in the range DKK 6 - 12 million.   Financial review, Parent   The Parent company’s objective is as a holding company to hold shares, directly or indirectly. The   assessment of the performance within the Parents investments was not satisfying and not in accordance  with expectations. The Parent’s income statement for 2024/25 resulted in a loss of DKK 93 thousand,  compared to a profit of DKK 5,079 thousand in 2023/ 24. The financial position as of 30 April 2025   showed an equity of DKK 50,507 thousand and total assets of DKK 50,833 thousand, compared to an  equity of DKK 52,738 thousand and total assets of DKK 53,467 thousand last year.   132065000 12381000 9406000 134725000 12050000 7685000 0 0 0 0 0 52000 0 53000 26469000 27715000 102621000 96975000 102645000 96208000 -52000 0 -53000 0 865000 730000 0 0 4781000 5707000 -52000 -53000 0 0 0 0 896000 0 5635000 0 0 744000 0 1841000 1340000 975000 34000 0 549000 44000 0 2881000 2644000 2606000 6208000 984000 -97000 -4000 5077000 -2000 38000 5224000 -93000 5079000 -131000 -145000 0 0 0 58000 0 0 0 0 0 58000 0 0 604000 682000 0 0 1309000 1913000 1113000 1795000 0 0 0 0 0 0 0 0 46613000 48426000 0 21000 0 21000 1451000 1428000 1451000 3364000 1428000 3281000 46634000 46634000 48447000 48447000 50251000 3187000 0 38201000 9619000 0 0 0 0 1216000 1088000 0 0 514000 896000 3000000 0 1114000 5603000 115000 0 16033000 9000 0 60270000 16190000 76460000 79824000 63862000 14295000 78157000 81438000 2304000 1895000 4410000 610000 4199000 5020000 53467000 50833000 510000 510000 510000 510000 0 -160000 0 -572000 39320000 0 41133000 0 49857000 300000 50250000 2550000 10377000 300000 8545000 2550000 652000 621000 0 0 51159000 53359000 50507000 52738000 0 0 917000 917000 279000 279000 0 0 0 3556000 0 935000 0 0 681000 0 3556000 935000 0 681000 7340000 2102000 0 4948000 1944000 1387000 7314000 10634000 0 45000 0 0 45000 0 5719000 9948000 2000 3000 0 0 25109000 28665000 79824000 26227000 28079000 81438000 47000 327000 48000 729000 50833000 53467000 Statement of changes in equity  Group  Non-   Translation  Retained   Proposed   controlling  DKK'000   Share capital   reserve   earnings   dividend   Total   interests  Total equity   Equity at 1 May 2024  510   -572   50,250   2,550   52,738   621   53,359   Transfer through appropriation of profit  0 0 -393   300   -93   131   38   Exchange adjustment  0 412   0 0 412   0 412   Dividend distributed   0 0 0 -2,550   -2,550   -100   -2,650   Equity at 30 April 2025  510   -160   49,857   300   50,507   652   51,159   Statement of changes in equity  Parent Company   Net revaluation   reserve   according to   the equity  Retained   Proposed   DKK'000   Share capital   method   earnings   dividend   Total   Equity at 1 May 2024  510   41,133   8,545   2,550   52,738   Transfer, see “Appropriation of profit”  0 1,175   -1,568   300   -93   Exchange adjustment  0 412   0 0 412   Dividend received from subsidiaries   0 -3,400   3,400   0 0 Dividend distributed   0 0 0 -2,550   -2,550   Equity at 30 April 2025  510   39,320   10,377   300   50,507   38000 5608000 5224000 1213000 Cash generated from operations (Operating activities) Cash generated from operations (Operating activities) 5646000 2744000 6434000 -18761000 -8390000 443000 645000 12324000 518000 514000 2546000 988000 5642000 13308000 1097000 0 1246000 0 -1097000 2650000 -2650000 -1246000 3000000 -3000000 1895000 14295000 -17554000 31849000 16190000 14295000 Accounting policies  The accounting policies used in the preparation of the financial statements are consistent with those of  last year.   The annual report of Prolog Development Center Holding A/S for 2024 has been prepared in  accordance with the provisions in the Danish Financial Statements Act applying to medium-sized   reporting class C entities.   Presentation currency   The financial statements are presented in Danish Kroner (DKK'000).   Control  The consolidated financial statements comprise the Parent Company Prolog Development Center  Holding A/S and group entities controlled by Prolog Development Center Holding A/S (control).  Control means the power to exercise decisive influence over a group entity's financial and operating  decisions. Moreover, the possibility of yielding a return from the investment is required.   In assessing whether the Parent Company controls an entity, de facto control is also taken into  consideration.   The existence of potential voting rights that may currently be exercised or converted into additional  voting rights is considered when assessing whether an entity may become empowered to exercise   decisive influence over another entity's financial and operating decisions.   Significant influence   Entities over whose financial and operating decisions the Group can exercise significant influence are  classified as associates. Significant influence is deemed to exist when the Parent Company holds or  controls, directly or indirectly, more than 20%of the voting rights of an entity but does not control it.   The existence of potential voting rights that may currently be exercised or converted into voting rights  is considered when assessing whether significant influence exists.  Preparation of consolidated financial statements   The consolidated financial statements are prepared as a consolidation of the Parent Company's and the  individual group entities' financial statements, which are prepared according to the Group's accounting  policies. On consolidation, intra-group income and expenses, shareholdings, intra-group balances and  dividends as well as realised and unrealised gains on intra-group transactions are eliminated. Unrealised   gains on transactions with associates and equity interests are eliminated in proportion to the Group's  ownership interest in the entity. Unrealised losses are eliminated in the same way as unrealised gains   unless they do not reflect impairment.   The group entities' financial statement items are included 100%in the consolidated financial   statements. Non-controlling interests' share of the profit/loss for the year and of the equity of group  entities that are not wholly-owned are included in the Group's profit/loss and equity, respectively, but  are presented separately.   Acquisitions and disposals of non-controlling interests that are still controlled are recognised directly in   equity as a transaction between shareholders.   Equity investments in associates, participating interests and joint ventures are recognised in the  consolidated financial statements using the equity method.   Non-controlling interests   On initial recognition, non-controlling interests are measured at the fair value of the non-controlling  interests' equity interest.   Goodwill relating to the non-controlling interests' share of the acquiree is recognised.   Foreign currency translation   On initial recognition, transactions denominated in foreign currencies are translated at the exchange  rates at the transaction date. Foreign exchange differences arising between the exchange rates at the   transaction date and the date of payment are recognised in the income statement as financial income or  financial expenses.   Receivables, payables and other monetary items denominated in foreign currencies are translated at the  exchange rates at the balance sheet date. The difference between the exchange rates at the balance  sheet date and the date at which the receivable or payable arose or was recognised in the latest  financial statements is recognised in the income statement as financial income or financial expenses.   Foreign group entities  Foreign subsidiaries and associates are considered separate entities. Items in such entities' income  statements are translated at an average exchange rate for the month, and balance sheet items are  translated at closing rates. Foreign exchange differences arising on translation of the opening equity of  foreign subsidiaries to closing rates and on translation of the income statements from average exchange  rates to closing rates are taken directly to equity.   Income statement   Revenue   As basis for interpretation regarding revenue recognition, IAS 11 / 18 has been applied.  Income from the sale of goods and finished goods is recognised in revenue at the time of delivery and   when the risk passes to the buyer, provided that the income can be made up reliably and is expected to   be received. Income from the sale of services is recognised once the outcome of the transaction can be   estimated reliably with reference to the stage of completion. Licence income is recognised as revenue at  the time of transfer of the risk to the buyer when, in reality, the agreement is comparable with a sale of   software licences.   In assessing the reality of the individual agreement on the delivery of licences, the Company's  obligations in connection with additional deliverances, term of contract, payment period, interminability   of the contract, rights to the licence and other relevant factors are taken into consideration. For sales   with a long credit period, the debtor's ability to pay is included in the assessment as to whether the   economic benefits connected with the sales transaction will flow to the Company and whether revenue  can be measured reliably. Sales with long interest-free credit are discounted and recognised at fair   value. The related interest income is recognised over the term of the credit arrangement under net   financials.   Other operating income  Other operating income comprise items of a secondary nature relative to the Company's coreactivities,  including gains on the sale of non-current assets.   Other operating expenses  Other external expenses include the year's expenses relating to the Company's core activities, including  expenses relating to distribution, sale, advertising, administration, premises, bad debts, payments under   operating leases, etc.   Staff costs  Staff costs include wages and salaries, including compensated absence and pension to the Company's  employees, as well as other social security contributions, etc. The item is net of refunds from public   authorities.   Profit/ loss from equity investments in group entities, associates and equity interests   A proportionate share of the underlying entities' profit/loss after tax is recognised in the income  statement according to the equity method. Shares of profit/loss after tax in subsidiaries and associates  are presented as separate line items in the income statement. Full elimination of intra- group   gains/losses is made for equity investments in subsidiaries. Only proportionate elimination of intra-  group gains/losses is made for equity investments in associates.  The proportionate share of the individual subsidiaries' profit/loss after tax after full elimination of  internal gains/losses are recognised in the parent company's income statement.   Financial income and expenses   Financial income and expenses are recognised in the income statements at the amounts that concern   the financial year. Net financials include interest income and expenses as well as allowances and   surcharges under the advance-payment-of-tax scheme, etc.   Tax   The parent company is covered by the Danish rules on mandatory joint taxation of the Group's Danish  subsidiaries. Subsidiaries are included in the joint taxation arrangement from the date at which they are   included in the consolidated financial statements and up to the date when they are no longer   consolidated.   The parent company acts as management company for the joint taxation arrangement and consequently   settles all corporate income tax payments with the tax authorities.  On payment of joint taxation contributions, the Danish corporation tax charge is allocated between the   jointly taxed entities in proportion to their taxable income. Entities with tax losses receive joint taxation  contributions from entities that have been able to use the tax losses to reduce their own taxable income.   Tax for the year comprises current income tax, joint taxation contribution and changes in deferred tax  for the year due to changes in the tax rate. The tax expense relating to the profit/loss for the year is  recognised in the income statement, and the tax expense relating to amounts recognised directly in   equity is recognised directly in equity.   Balance sheet   Intangible assets   On Goodwill is amortised over the expected economic life of the asset, measured by reference to  Management’s experience in the individual business segments. Goodwill is amortised on a straight-line  basis over the amortisation period, which is 5 years.  Other intangible assets include development projects and other acquired intangible rights, including  software licences, distribution rights and development projects.   Other intangible assets are measured at cost less accumulated amortisation and impairment losses.   Property, plant and equipment   Items of property, plant and equipment are measured at cost less accumulated depreciation and  impairment losses. Cost includes the acquisition price and costs directly related to the acquisition until  the time at which the asset is ready for use.   Leases   As basis for interpretation regarding recognition and measurement of leases, IAS 17 has been applied.  On initial recognition, leases for assets that transfer substantially all the risks and rewards incident to  the ownership to the Company (finance leases) are measured in the balance sheet at the lower of fair  value and the present value of the future lease payments. In calculating the net present value, the   interest rate implicit in the lease or the incremental borrowing rate is used as the discount factor. Assets   held under finance leases are subsequently accounted for in the same way as the Company's other  assets.  The capitalised residual lease liability is recognised in the balance sheet as a liability, and the interest  element of the lease payment is recognised in the income statement over the term of the lease.   Lease liabilities   Lease liabilities are measured at the net present value of the remaining lease payments including any   guaranteed residual value based on the interest rate implicit in the lease.   Investments in subsidiaries and participating interests   On initial recognition, investments in subsidiaries and associates are measured at cost and subsequently  at the proportionate share of the entities' net asset values calculated in accordance with the parent  company's accounting policies minus or plus any residual value of positive or negative goodwill   calculated in accordance with the purchase method of accounting. Subsidiaries and associates with a   negative net asset value are measured at DKK 0 (nil), and any amounts owed by such entities are  written down by the parent company's share of the net asset value if the amount owed is deemed   irrecoverable. If the negative net asset value exceeds the amounts owed, the remaining amount is   recognised under provisions if the parent company has a legal or a constructive obligation to cover the   entity's deficit. Net revaluations of investments in subsidiaries and associates are transferred to the net  revaluation reserve according to the equity method where the carrying amount exceeds the acquisition   cost.  On initial recognition, equity investments in subsidiaries and participating interests are measured at  cost, i.e. plus transaction costs. The cost is allocated in accordance with the acquisition method; see the  accounting policies regarding business combinations.  The cost is adjusted by shares of profit/loss after tax calculated in accordance with the Group's  accounting policies less or plus unrealised intra-group gains/losses.  Identified increases in value and goodwill, if any, compared to the underlying entity's net asset value are  amortised in accordance with the accounting policies for the assets and liabilities to which they can be   attributed. Negative goodwill is recognised in the income statement.  Dividend received is deduced from the carrying amount.   Equity investments in subsidiaries and participating interests measured at net asset value are subject to  impairment test requirements if there is any indication of impairment.   Impairment of non-current assets   The carrying amount of intangible assets, property, plant and equipment and investments in subsidiaries   and associates is assessed for impairment on an annual basis.  Impairment tests are conducted on assets or groups of assets when there is evidence of impairment.   The carrying amount of impaired assets is reduced to the higher of the net selling price and the value in  use (recoverable amount).   The recoverable amount is the higher of the net selling price of an asset and its value in use. The value   in use is calculated as the present value of the expected net cash flows from the use of the asset or the   group of assets and the expected net cash flows from the disposal of the asset or the group of assets  after the end of the useful life.   Previously recognised impairment losses are reversed when the reason for recognition no longer exists.  Impairment losses on goodwill are not reversed.   Receivables   Receivables are measured at amortised cost.   As basis for interpretation regarding provisions for bad debt, IAS 39 has been applied. An impairment  loss is recognised if there is objective evidence that a receivable or a group of receivables is impaired. If   there is objective evidence that an individual receivable has been impaired, an impairment loss is   recognised on an individual basis.   Work in progress for third parties   Service supplies and contract work in progress for third parties are measured at the market value of the  work performed less progress billings. The market value is calculated based on the stage of completion   at the balance sheet date and the total expected income from the relevant contract. The stage of  completion is calculated based on the expenses incurred relative to the expected total expenses relating   to the relevant contract.   Where the outcome of contract work in progress cannot be estimated reliably, the market value is  measured at the expenses incurred in so far as they are expected to be paid by the purchaser.   Where the total expenses relating to the work in progress are expected to exceed the total market value,  the expected loss is recognised as a loss-making agreement under "Provisions" and is expensed in the  income statement.   The value of work in progress less progress billings is classified as assets when the selling price exceeds   progress billings and as liabilities when progress billings exceed the market value.   Prepayments   Prepayments recognised under "Assets" comprise prepaid expenses regarding subsequent financial  reporting years.   Equity  Net revaluation reserve according to the equity method   The net revaluation reserve according to the equity method includes net revaluations of investments in   subsidiaries and associates relative to cost. The reserve can be eliminated in case of losses, realisation  of investments or a change in accounting estimates. The reserve cannot be recognised at a negative   amount.   Dividends from subsidiaries that are expected to be adopted before approval of the annual report of  Prolog Development Center Holding A/ S are not tied to the reserve for net revaluation according to the  equity method.   Translation reserve   The translation reserve comprises the share of foreign exchange differences arising on translation of  financial statements of entities that have a functional currency other than DKK, foreign exchange   adjustments of assets and liabilities considered part of the Company's net investments in such entities  and foreign exchange adjustments regarding hedging transactions that hedge the Company's net  investments in such entities. The reserve is dissolved on the sale of foreign entities or if the conditions   for effective hedging no longer exist. When equity investments in subsidiaries and associates in the  parent company financial statements are subject to the limitation requirement in the net revaluation   reserve according to the equity method, foreign exchange adjustments will be included in this equity   reserve instead.   Proposed dividend   Proposed dividend is recognised as a liability at the date when it is adopted at the annual general  meeting (declaration date). Dividend expected to be distributed for the year is presented as a separate   line item under “Equity”.   Income taxes   Current tax payables and receivables are recognised in the balance sheet as the estimated income tax  charge for the year, adjusted for prior-year taxes and tax paid on account.   Deferred tax is measured according to the liability method on all temporary differences between the  carrying amount and the tax base of assets and liabilities. However, deferred tax is not recognised on   temporary differences relating to goodwill which is not deductible for tax purposes and on office  premises and other items where temporary differences, apart from business combinations, arise at the   date of acquisition without affecting either profit/loss for the year or taxable income. Where alternative  tax rules can be applied to determine the tax base, deferred tax is measured based on Management's  intended use of the asset or settlement of the liability, respectively.   Deferred tax is measured according to the tax rules and at the tax rates applicable at the balance sheet  date when the deferred tax is expected to crystallise as current tax. Deferred tax assets are recognised  at the expected value of their utilisation; either as a set-off against tax on future income or as a set-off  against deferred tax liabilities in the same legal tax entity. Changes in deferred tax due to changes in the  tax rate are recognised in the income statement.   Provisions   Provisions comprise anticipated expenses relating to onerous contracts. Provisions are recognised when  the Company has a legal or constructive obligation at the balance sheet date as a result of a past event  and it is probable that an outflow of resources embodying economic benefits will be required to settle   the obligation.   Provisions are measured at net realisable value.   Other Payables  Other payables are measured at net realisable value.   Deferred income   Deferred income recognised as a liability comprises payments received concerning income in  subsequent financial reporting years.   Cash flow statement  The cash flow statement shows the Company's net cash flows broken down according to operating,  investing and financing activities, the year's changes in cash and cash equivalents as well as the cash   and cash equivalents at the beginning and the end of the year.  Cash flows from operating activities are calculated as the profit/loss for the year adjusted for non-cash  operating items, changes in working capital and paid corporate income tax.   Cash flows from investing activities comprise payments in connection with acquisitions and disposals of  entities and activities and of intangible assets, property, plant and equipment and investments.  Cash flows from financing activities comprise changes in the size or composition of the Company's share  capital and related expenses as well as raising of loans, repayment of interest-bearing debt and payment   of dividends to shareholders.   Cash and cash equivalents comprise cash, short term bank loans and short-term securities which are  readily convertible into cash, and which are subject only to insignificant risks of changes in value.   Financial ratios   The financial ratios stated under "Financial highlights" have been calculated as follows:  Profit/loss before financial items adjusted for  Operating profit/loss  other operating income and other operating   expenses   Operating margin  (Operating profit (EBIT) x 100) / Revenue  Gross margin  (Gross profit/loss x 100) /Revenue  (Profit/loss from operating activities x 100) /  Return on asset  Average assets  (Equity excl. non-controlling interests, year-end x  Equity ratio  100) / Total assets, year-end  (Profit/loss for the year after tax ex. Non-  Return on equity  controlling interests x 100) / Average equity   excl. non-controlling interests)   Staff costs and incentive plans  Group  Parent Company   DKK'000   2024/ 2025   2023/ 2024   2024/ 2025 2023/ 2024   81720000 10818000 1123000 81382000 10619000 1103000 0 0 0 0 0 0 0 0 3314000 3104000 134 133 0 0 Remuneration to members of management   Executive Board  1,668   1,860   0 0 Board of Directors   53   53   0 0 1,721   1,913   0 0 3 Amortisation/ depreciation of intangible assets and property, plant and equipment   Group  Parent Company   DKK'000   2024/ 2025   2023/ 2024   2024/ 2025   2023/ 2024   Amortisation of intangible assets   58   87   0 0 Depreciation of property, plant  and equipment   807   643   0 0 865   730   0 0 3 Amortisation/ depreciation of intangible assets and property, plant and equipment   Group  Parent Company   DKK'000   2024/ 2025   2023/ 2024   2024/ 2025   2023/ 2024   Amortisation of intangible assets   58   87   0 0 Depreciation of property, plant  and equipment   807   643   0 0 865   730   0 0 Tax for the year   Group  Parent Company   DKK'000   2024/ 2025   2023/ 2024   2024/ 2025   2023/ 2024   878000 -23000 1075000 -91000 0 4000 0 0 2000 0 0 1751000 5 Intangible assets   Group  Acquired   intangible  DKK'000   assets  Goodwill   Total   Cost at 1 May 2024  495   435   930   Additions   0 0 0 Cost at 30 April2025   495   435   930   Impairment losses and amortisation   at 1 May 2024   495   377   872   Amortisation/depreciation in the year  0 58   58   Amortisation and impairment losses   at 30 April 2025   495   435   930   Carrying amount at 30 April 2025   0 0 0 Amortised over   5 years   5 Years   6 Property, plant and equipment   Group  Fixtures and   fittings,   Plant and   tools and  DKK'000   machinery   equipment   Total   Cost at 1 May 2024  1,364   5,873   7,237   Additions   213   884   1,097   Disposals   -428   0 0 Cost at 30 April2025   1,149   6,757   7,906   Impairment losses and depreciation   at 1 May 2024   682   4,760   5,442   Amortisation/depreciation in the year  119   668   807   Amortisation/depreciation and  impairment of disposals in the year   -256   0 -256   Amortisation and impairment losses   at 30 April 2025   545   5,448   5,993   Carrying amount at 30 April 2025   604   1,309   1,913   Amortised over   6 years   3 years   7 Financial assets   Group  Name   Legal Form   Domicile   Interest   PDC-Argos  ApS   Denmark   80%   Dictus  ApS   Denmark   80%   PDC   A/S  Denmark   100%   PDC Aviation  Ltd.   United  100%   Kingdom   PDC Solutions Canada  Ltd.   Canada   100%   Prolog Development Center Asia Pacific Pte.  Ltd.   Singapore  100%   PDC-Solutions Columbia  SAS   Columbia  100%   Parent   7 Financial assets   Parent   company   Investments in   group entities,  DKK'000   net asset value   Cost at 1 May 2024  6,992   Disposals   0 Cost at 30 April 2025  6,992   Value adjustments at 1 May 2024   41,434   Value adjustments of disposals in the year   0 Exchange adjustment  412   Dividend distributed   -3,400   Share of the profit/loss for the year  896   Share of loss for the year presented under provisions  279   Value adjustments 30 April 2025   39,621   Carrying amount at 30 April 2025   46,613   8 Work in progress for third parties   Group  Parent Company   DKK'000   2024/ 2025   2023/ 2024   2024/ 2025   2023/ 2024   Selling price of work performed   3,187   11,705   0 0 Progress billings  -7,340   -7,034   0 0 -4,153   4,671   0 0 Recognised as follows:   Work in progress for  third parties(assets)  3,187   9,619   0 0 Work in progress for  third parties (liabilities)   -7,340   -4,948   0 0 4,153   4,671   0 0 8 Work in progress for third parties   Group  Parent Company   DKK'000   2024/ 2025   2023/ 2024   2024/ 2025   2023/ 2024   Selling price of work performed   3,187   11,705   0 0 Progress billings  -7,340   -7,034   0 0 -4,153   4,671   0 0 Recognised as follows:   Work in progress for  third parties(assets)  3,187   9,619   0 0 Work in progress for  third parties (liabilities)   -7,340   -4,948   0 0 4,153   4,671   0 0 9 Receivables   Group  Of receivables totalling DKK 50,251 thousand, DKK 13,828 thousand fall due for payment after more  than one year after the balance sheet date.   10 Otherprovision   Group  Parent Company   DKK'000   2024/ 2025   2023/ 2024   2023/ 2024 2022/ 2023  Opening balance at 1 May   917   2,090   0 0 Provisions in the year  0 0 279   0 Provisions utilised in the year  -917   -1,173   0 0 Other provisions at 30 April  0 917   279   0 The provisions are expected to be payable in:   0 - 1 year   0 917   1 - 5 years   0 0 > 5 years   0 0 Other provisions compromise of anticipated loss on onerous contracts and negative equity for  investments in subsidiaries to the extent it exceeds receivables from the subsidiary.   10 Otherprovision   Group  Parent Company   DKK'000   2024/ 2025   2023/ 2024   2023/ 2024 2022/ 2023  Opening balance at 1 May   917   2,090   0 0 Provisions in the year  0 0 279   0 Provisions utilised in the year  -917   -1,173   0 0 Other provisions at 30 April  0 917   279   0 The provisions are expected to be payable in:   0 - 1 year   0 917   1 - 5 years   0 0 > 5 years   0 0 Other provisions compromise of anticipated loss on onerous contracts and negative equity for  investments in subsidiaries to the extent it exceeds receivables from the subsidiary.   11 Non-current liabilities   Group  Total debt   Repaymen   Outstanding  at 30/ 4   t, next  Long-term   debt after 5   DKK'000   2025   year   portion   years   Income tax payable   3,556   0 3,556   0 3,556   0 3,556   0 12   Deferred tax   Group  Parent Company   DKK'000   2024/ 2025   2023/ 2024   2024/ 2025   2024/ 2024   Deferred tax at May 1  -1,428   -1,337   -21   -21   Movement of the year   -23   -91   0 -0   -1,451   -1,428   -21   -21   12   Deferred tax   Group  Parent Company   DKK'000   2024/ 2025   2023/ 2024   2024/ 2025   2024/ 2024   Deferred tax at May 1  -1,428   -1,337   -21   -21   Movement of the year   -23   -91   0 -0   -1,451   -1,428   -21   -21   13 Deferredincome   Group  Deferred income comprises payments relating to the sale of licences and support & maintenance  contracts, which will not be recognised as income until in the subsequent financial year once the   recognition criteria are satisfied.   14 Contractualobligations and contingencies, etc.   Other financial obligations  Other rent and lease liabilities:  Group  Parent Company   DKK'000   2024/ 2025   2023/ 2024   2024/ 2025 2023/ 2024  Rent and lease liabilities   736   733   0 0 Parent company   As management company, the Company is jointly taxed with other Danish group entities. The Company  is jointly and severally with other jointly taxed group entities for payment of income taxes the income   years 2012/13 and withholding taxes falling due for payment on or after 1 July 2012 in the group of  jointly taxed entities.   14 Contractualobligations and contingencies, etc.   Other financial obligations  Other rent and lease liabilities:  Group  Parent Company   DKK'000   2024/ 2025   2023/ 2024   2024/ 2025 2023/ 2024  Rent and lease liabilities   736   733   0 0 Parent company   As management company, the Company is jointly taxed with other Danish group entities. The Company  is jointly and severally with other jointly taxed group entities for payment of income taxes the income   years 2012/13 and withholding taxes falling due for payment on or after 1 July 2012 in the group of  jointly taxed entities.   15 Collateral  The group has not provided any security or other collateral in assets as 30 April 2025.   Parent company   The parent Company has not placed any assets or other as security for loans at 30 April 2025.   16 Related parties   Group  The Company solely discloses related party transactions that have not been carried out on an arm's  length basis, cf. section 98c(7) of the Danish Financial Statements Act.   All transactions have been carried out on an arm's length basis.   Information on the remuneration to management   Information on the remuneration to Management appears from note 2, "Staff costs".   16 Related parties   Parent company   Transactions with related parties   Transactions with wholly owned subsidiaries are not disclosed, cf Article 98c, section 3 of the Danish  Financial Statements Act.  Regarding other related parties, the Company solely discloses related party transactions that have not  been carried out on an arm's length basis, cf. section 98c(7) of the Danish Financial Statements Act.   All transactions have been carried out on an arm's length basis.   17 Eventsafter the balance sheet date   No events significantly affecting the financial statements for 2023/24 have occurred after the balance  sheet date.  Notes to the financial statement   17 Eventsafter the balance sheet date   No events significantly affecting the financial statements for 2023/24 have occurred after the balance  sheet date.  Notes to the financial statement   300000 1175000 -1568000 2550000 5635000 -3106000 19 Adjustments   Group  DKK'000  2024/ 2025   2023/ 2024   Amortisation/depreciation and impairment losses  865   730   Income from investments in associates   0 0 Financial income   -744   -1,841   Financial expenses   2,881   1,340   Tax for the year  2606   984   5,608   1,213   20 Changesin working capital   Group  DKK'000  2024/ 2025   2023/ 2024   Change in receivables including work in progress  3,502   -18,059   Change in trade and other payables  269   470   Change in provisions  -917   -1,173   Other changes in working capital  -110   1 2,744   -18,761