The supervisory board and executive board have today discussed and approved the annual report of Valuer Holding A/S for the financial year 1 July 2023 - 30 June 2024.The annual report is prepared in accordance with the Danish Financial Statements Act.In our opinion, the financial statements give a true and fair view of the company's financial position at 30 June 2024 and of the results of the company's operations for the financial year 1 July 2023 - 30 June 2024.In our opinion, management's review includes a fair review of the matters dealt with in the management's review.Management recommends that the annual report should be approved by the company in general meeting.Dennis Juul PoulsenCEOHans-Henrik Søndersted-OlsenchairmanMichael Moesgaard Andersendeputy chairmanFlemming Poulfeltboard memberTo the shareholders of Valuer Holding A/SOpinionWe have performed extended review of the financial statements of Valuer Holding A/S for the financial year 1 July 2023 - 30 June 2024, which comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes. The financial statements are prepared under the Danish Financial Statements Act. Based on the performed work it is our opinion, that the financial statements give a true and fair view of the company's financial position at 30 June 2024 and of the results of the company's operations for the financial year 1 July 2023 - 30 June 2024 in accordance with the Danish Financial Statements Act.Basis for OpinionWe conducted our extended review in accordance with the Danish Business Authority's standard on auditor's report for small enterprises and FSR - danish auditors' standard on extended review of financial statements in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the “Auditor's responsibilities for the extended review 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 and IESBA Code. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.Material uncertainty related to going concern We refer to note 1 in the annual report, for Management’s statement on the capacity adjustments that have been made and the expectations for earnings for the following financial year. Our conclusion is not modified as a result.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 responsibility is to express a conclusion on the accompanying financial statements. This requires us to perform procedures in order to obtain limited assurance for our conclusion on these financial statements, and in addition perform specifically required supplementary procedures in order to obtain additional assurance for our conclusion. An extended review of financial statements includes procedures primarily consisting of making inquiries of management and others within the entity, as appropriate, applying analytical procedures and the specifically required supplementary procedures, and evaluating the evidence obtained. The procedures performed in an extended review are less than those performed in an audit and accordingly we do not express an audit opinion on these financial statements.Statement on management's review Management is responsible for management's review. 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 extended review 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 extended review, 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, we conclude that 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 management's review.Copenhagen2024-11-21Baker Tilly DenmarkMorten Friis Munksgaardstatsautoriseret revisormne34482Business review The company's main activity consists, together with the 100% owned subsidiary Valuar.ai, of working with all aspects of data-driven AI intelligence based on an independent digital platform, “PUMA”. The platform is particularly helpful when it comes to business-critical decision-making.Financial review The company's income statement for the year ended 30 June 2024 shows a loss of DKK 9.417.664, and the balance sheet at 30 June 2024 shows negative equity of DKK 2.834.727. Management have continued to focus on turnaround of the group with reduced costs as well as a new sales focus and channels i the subsidiary.Significant events occurring after the end of the financial year No events have occurred after the balance sheet date which could significantly affect the company's financial position.Expectations for the following year Management expects that their subsidiary Valuer.ai will enter contracts with new customers in the following year, which, together with other ongoing initiatives from Management, will ensure that the company has the required cash flow. Management expects the monthly cash flow to be positive from 1st Quarter of 2025.Disclosure of treasury sharesInformation on treasury shares in the company's portfolio Description of treasury shares held by the company: The shares have been acquired and sold in the financial year the rest of it are held for strategic and business reasons. Number of treasury shares in the company's portfolio: 503.077 shares Nominal value of treasury shares in the company's portfolio: kr. 10.062 Percentage of the contributed capital, etc. of treasury shares in the company's portfolio: 1,6 %The shares have been acquired and sold in the financial year the rest of it are held for strategic and business reasons.503077100621.6Information on treasury shares acquired in the financial year Number of treasury shares acquired in the financial year: 4.800.000 shares Nominal value of treasury acquired in the financial year: kr. 96.000 Percentage of the contributed capital, etc. of treasury shares acquired in the financial year: 16,0 % Total purchase price of treasury shares acquired in the financial year: kr. 1480000096000161Information on treasury shares sold in the financial year The owner's portion of the company's treasury shares: 4.296.923 shares Nominal value of treasury shares sold in the financial year: kr. 85.938 Percentage of the contributed capital, etc. of treasury shares sold in the financial year: 14,0 % Total sales price of treasury shares sold in the financial year: kr. 1.000.00020075214601432435716-691410-4281951151553-9645208-81383439728024134217472285278509-9417664-7916822100-9417664-79168221-9417664-7916822103677302036773020367730275785131175785131137332437872113112489183113116166485613846613846-34485734969092-28347275582938156251996920247300805683563578284603858354728460385835471131161664856138464969092-11000000-9417664613846-3448573Management expects that their subsidiary Valuer.aI ApS will enter contracts with new customers in the beginning of 2025, which, together with other ongoing initiatives from Management, will ensure that the company has the required cash flow.23325902419357145551004888571770250-31978402435716-691410220134182772802434772802413421744961067324278509722852785097060595970605954057060595970605959-70605959-135182630-57087696-70605959-7060595900As a management company, the company is jointly taxed with other Danish affiliated companies, and isjointly and severally liable with other jointly taxed companies for payment of corporation tax and forwithholding tax on dividends, interest and royalties due for payment. the company has entered into leasing obligations amounting to DKK 5,590 per 30. june 2024.Årsrapport35257691Baker Tilly DenmarkPoul Bundgaards Vej 1, 1.2500 Valby2023-07-012024-06-302022-07-012023-06-3041481129Valuer Holding A/SHoffmeyersvej372000FrederiksbergDKDanmark2020-06-20FrederiksbergBaker Tilly Denmark35257691Morten Friis Munksgaardstatsautoriseret revisorPoul Bundgaards Vej1, 1.2500ValbyDKDanmark334510002024-12-12Dennis Juul PoulsenRegnskabsklasse BtrueErklæring om udvidet gennemgangCaseWare-FSRfalsefalsefalsefalseThe annual report of Valuer Holding A/S for 2023/24 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B, as well as provisions applying to reporting class C entities. The accounting policies applied are consistent with those of last year.Income is recognised in the income statement as earned, including value adjustments of financial assets and liabilities. All expenses, including amortisation, depreciation and impairment losses, are also recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits 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 from the company and the value of the liability can be measured reliably. On initial recognition, assets and liabilities are measured at cost. On subsequent recognition, assets and liabilities are measured as described below for each individual accounting item. Certain financial assets and liabilities are measured at amortised cost using the effective interest method. Amortised cost is calculated as the historic cost less any installments and plus/less the accumulated amortisation of the difference between the cost and the nominal amount. On recognition and measurement, allowance is made for predictable losses and risks which occur before the annual report is presented and which confirm or invalidate matters existing at the balance sheet date.In pursuance of section 32 of the Danish Financial Statements Act, the company does not disclose its revenue. Gross profit reflects an aggregation of revenue and other external expenses.The item Other operating income includes items of a secondary nature relative to the company’s activities, including gains on the sale of intangible assets and items of property, plant and equipment, operating losses, indemnities relating to operating losses and conflicts as well as payroll refunds. Indemnities are recognised when it is more probable than not that the company is going to be indemnified.Other external expenses include expenses related to sale, advertising, administration etc.Staff costs include wages and salaries, including compensated absence and pensions, as well as other social security contributions, etc. made to the entity's employees.Financial income and expenses are recognised in the income statement at the amounts that relate to the financial year. Net financials include interest income and expenses etc.Dividend from investments is recognised in the reporting year in which the dividend is declared.Tax for the year, which comprises the current tax charge for the year and changes in the deferred tax charge, is recognised in the income statement as regards the portion that relates to the profit/loss for the year and directly in equity as regards the portion that relates to entries directly in equity.Prepayments recognised under 'Current assets' comprises expenses incurred concerning subsequent financial years.Cash and cash equivalents comprise deposits at banks.Dividends Proposed dividends are disclosed as a separate item under equity. Dividends are recognised as a liability when declared by the annual general meeting of shareholders.Current tax liabilities and current tax receivables are recognised in the balance sheet as the estimated tax on the taxable income for the year, adjusted for tax on the taxable income for previous years and tax paid on account. Deferred tax is measured according to the tax rules and at the tax rates applicable in the respective countries at the balance sheet date when the deferred tax is expected to crystallise as current tax. Deferred tax adjustments resulting from changes in tax rates are recognised in the income statement, with the exception of items taken directly to equity.Liabilities, which include trade payables and other payables, are measured at amortised cost, which is usually equivalent to nominal value.414811292023-07-012024-06-30414811292023-07-012024-06-301414811292022-07-012023-06-30414811292023-06-30414811292024-06-30414811292023-07-01g:InvestmentsInGroupEnterprisesMember414811292022-07-01g:InvestmentsInGroupEnterprisesMember414811292023-07-012024-06-30g:InvestmentsInGroupEnterprisesMember414811292022-07-012023-06-30g:InvestmentsInGroupEnterprisesMember414811292024-06-30g:InvestmentsInGroupEnterprisesMember414811292023-06-30g:InvestmentsInGroupEnterprisesMember414811292023-07-012024-06-301414811292023-07-012024-06-302414811292023-07-012024-06-303414811292023-07-012024-06-301414811292023-07-01g:ContributedCapitalMember414811292024-06-30g:ContributedCapitalMember414811292023-07-01g:RetainedEarningsMember414811292023-07-012024-06-30g:RetainedEarningsMember414811292024-06-30g:RetainedEarningsMember414811292024-06-301414811292023-07-012024-06-301414811292023-07-012024-06-302414811292023-07-012024-06-304xbrli:sharesiso4217:DKKxbrli:pure