38071254 2024-12-31 38071254 2023-12-31 38071254 2024-01-01 fsa:ContributedCapitalMember 38071254 2024-01-01 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 38071254 2024-01-01 fsa:RetainedEarningsMember 38071254 2024-12-31 fsa:ContributedCapitalMember 38071254 2024-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 38071254 2024-12-31 fsa:RetainedEarningsMember 38071254 2024-01-01 fsa:InvestmentsInAssociatesMember 38071254 2023-01-01 fsa:InvestmentsInAssociatesMember 38071254 2024-12-31 fsa:InvestmentsInAssociatesMember 38071254 2023-12-31 fsa:InvestmentsInAssociatesMember 38071254 2024-12-31 1 fsa:AssociateMember 38071254 2024-01-01 2024-12-31 38071254 2024-01-01 2024-12-31 1 38071254 2024-01-01 2024-12-31 memberOfBoardIdentifier_executive_board_1 38071254 2023-01-01 2023-12-31 38071254 2024-01-01 2024-12-31 fsa:ContributedCapitalMember 38071254 2024-01-01 2024-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 38071254 2024-01-01 2024-12-31 fsa:RetainedEarningsMember 38071254 2024-01-01 2024-12-31 fsa:InvestmentsInAssociatesMember 38071254 2023-01-01 2023-12-31 fsa:InvestmentsInAssociatesMember 38071254 2024-01-01 2024-12-31 1 fsa:AssociateMember iso4217:DKK pure Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2024-01-01 2023-01-01 2024-12-31 2023-12-31 38071254 Midolo Holding ApS Havneholmen 14 C, 6. tv. 2450 København SV København 2016-10-07 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Milnersvej 43 3400 Hillerød Denmark 48 25 35 00 hilleroed@pwc.dk 2025-07-01 Leonardo Midolo Regnskabsklasse B Andre erklæringer uden sikkerhed The Executive Board has today considered and adopted the Annual Report of Midolo Holding ApS for the financial year 1 January - 31 December 2024. The Annual Report is prepared in accordance with the Danish Financial Statements Act. The Company complies with the exemption provisions governing the omission to have its Financial Statements audited. In my opinion the Financial Statements give a true and fair view of the financial position at 31 December 2024 of the Company and of the results of the Company operations for 2024. I recommend that the Annual Report be adopted at the Annual General Meeting. 2025-07-01 København SV Leonardo Midolo Manager To the Management of Midolo Holding ApS We have compiled the Financial Statements of Midolo Holding ApS for the financial year 1 January - 31 December 2024 on the basis of the Company’s accounting records and other information you have provided. The Financial Statements comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies. We performed our work in accordance with ISRS 4410, Engagements to Compile Financial Information. Based on our professional expertise, we have assisted you with the preparation and presentation of the Financial Statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Danish Act on Approved Auditors and Audit Firms and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including the principles of integrity, objectivity, professional competence and due care. The Financial Statements and the accuracy and completeness of the information forming the basis of the compilation of the Financial Statements are your responsibility. As an engagement to compile financial information is not an assurance engagement, we are under no duty to verify the accuracy or completeness of the information you provided to us to compile the Financial Statements. Accordingly, we express no audit opinion or review opinion as to whether the Financial Statements have been prepared in accordance with the Danish Financial Statements Act. Hillerød 2025-07-01 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Brian Rønne Nielsen State Authorised Public Accountant mne33726 -7026 -5789 60860 -8108 53834 -13897 0 0 53834 -13897 60860 -8108 -7026 -5789 175956 115096 175956 115096 175956 115096 16421 23447 16421 23447 192377 138543 40000 40000 175956 115096 -87307 -80282 128649 74814 59353 59354 4375 4375 63728 63729 63728 63729 192377 138543 40000 115096 -80281 0 60860 -7026 40000 175956 -87307 The company's activity is to own shares in other companies, especially companies working with software and nanotechnology. 1 1 1 1 115095 123203 60860 -8108 175955 115095 175956 115096 Beamfox Technologies ApS København NV 34 517520 179001 Investments in associates are specified as follows: 0 0 There are no security and contingent liabilities at 31 December 2024. The Annual Report of Midolo Holding ApS for 2024 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B as well as selected rules applying to reporting class C. The Financial Statements for 2024 are presented in DKK. true 1 Revenues are recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset will flow to the Company, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow out of the Company, and the value of the liability can be measured reliably. Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Other external expenses comprise expenses for premises, sales as well as office expenses, etc. With reference to section 32 of the Danish Financial Statements Act, gross profit/loss comprises of other external expenses. The item “Income from investments in associates” in the income statement includes the proportionate share of the profit for the year. Tax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity. Investments in associates are recognised and measured under the equity method. The item “Investments in associates” in the balance sheet include the proportionate ownership share of the net asset value of the enterprises calculated on the basis of the fair values of identifiable net assets at the time of acquisition with deduction or addition of unrealised intercompany profits or losses and with addition of the remaining value of any increases in value and goodwill calculated at the time of acquisition of the enterprises. The total net revaluation of investments in associates is transferred upon distribution of profit to “Reserve for net revaluation under the equity method“ under equity. The reserve is reduced by dividend distributed to the Parent Company and adjusted for other equity movements in the associates. Associates with a negative net asset value are recognised at DKK 0. Any legal or constructive obligation of the Parent Company to cover the negative balance of the enterprise is recognised in provisions. Debts are measured at amortised cost, substantially corresponding to nominal value.