xbrli:pureiso4217:DKK431687702022-04-012022-12-31431687702022-04-012022-12-311431687702022-04-012022-12-311431687702022-04-012022-12-31431687702022-04-012022-12-31fsa:RetainedEarningsMember431687702022-04-012022-12-31fsa:RetainedEarningsMember431687702022-12-31431687702022-12-31fsa:ContributedCapitalMember431687702022-12-31fsa:RetainedEarningsMember431687702022-04-012022-12-31fsa:ContributedCapitalMember431687702022-04-012022-12-31fsa:OtherShorttermPayablesMember2023-03-102023-03-10true33963556Odense51005Tværkajen, Postboks 10Deloitte Statsautoriseret RevisionspartnerselskabKøbenhavnKøbenhavn K1301Regnskabsklasse BAndre erklæringer uden sikkerhed2022-12-312022-04-01st<br /><br />3LandgrevenExmon Software Denmark ApS43168770339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportThe Executive Board has today considered and approved the annual report of Exmon Software Denmark ApS for the financial year 01.04.2022 - 31.12.2022. The annual report is presented in accordance with the Danish Financial Statements Act.In my opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2022 and of the results of its operations for the financial year 01.04.2022 - 31.12.2022.I believe that the management commentary contains a fair review of the affairs and conditions referred to therein.I consider the preconditions for not auditing the financial statements for the financial year 01.04.2022 - 31.12.2022 to be complied with.I recommend to the Annual General Meeting that the financial statements for the next financial year not be audited.I recommend the annual report for adoption at the Annual General Meeting.ReykjavíkGunnar Steinn MagnússonTo Management of Exmon Software Denmark ApSWe have compiled the financial statements of Exmon Software Denmark ApS for the financial year 01.04.2022 - 31.12.2022 based on the Entity’s bookkeeping records and other information Management has provided. ​ ​These financial statements comprise the income statement, balance sheet, statement of changes in equity, notes and a summary of significant accounting policies. ​ ​We performed this compilation engagement in accordance with ISRS 4410, Compilation Engagements. ​ ​We have applied our expertise in accounting and financial reporting to assist Management in the preparation ​and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Danish Public Accountants Act and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including principles of integrity, objectivity, professional competence and due care. These financial statements and the accuracy and completeness of the information used to compile the financial ​statements are Management’s responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy ​or completeness of the disclosures Management provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion about whether the financial statements ​have been prepared in accordance with the Danish Financial Statements Act. OdenseMichael Kurup Andersenmne35629State Authorised Public AccountantPrimary activitiesThe company's purpose is software development, development and sales, consulting and services within software, active management (asset management) and thus related business.Development in activities and financesIt's the company's first financial year and the negative result was to be expected. It's expected that next financial year will yield a positive result. The company has lost over 50% of the company's capital in the financial year. The management is aware of the capital rules. The capital is expected to be restored by future earnings. The management has obtained confirmation of financial support from the shareholders regarding support until the company become profitable.Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.-851822519786748-34390849-343957-343957-3439579511783279178396178396118281182822282023464841304440000-343957-30395740000-34395713106851490071033717001717001413044400000400001 Going concernIt's the company's first financial year and the negative result was to be expected. It's expected that next financial year will yield a positve result. ​ ​The company has lost over 50% of the company's capital in the financial year. The management is aware of the capital rules. The capital is expected to be restored by future earnings. ​ ​The management has obtained confirmation of financial support from the shareholders regarding support until the company become profitable. It's the management's expectation, based on the above, that the annual report is presented on an going concern basis.2 Staff costs2022 DKKWages and salaries233,202Pension costs17,640Other social security costs1,136251,978Average number of full-time employees113 Depreciation, amortisation and impairment losses2022 DKKAmortisation of intangible assets6,7486,7484 Other financial expenses2022 DKKOther interest expenses4949<br />2022 DKKOther interest expenses49495 Intangible assetsAcquired intangible assets DKKAcquired trademarks DKKAdditions100,45384,691Cost end of year100,45384,691Amortisation for the year(5,336)(1,412)Amortisation and impairment losses end of year(5,336)(1,412)Carrying amount end of year95,11783,279Intangible assets consists of software regarding webpage and patents. The held costs will in the future be able to generate positive cashflow.6 Other payables2022 DKKWages and salaries, personal income taxes, social security costs, etc. payable26,858Holiday pay obligation25,563Other costs payable18,61271,033This annual report has been presented in accordance with the provisions of the Danish Financial Statements Act governing reporting class B enterprises with addition of a few provisions for reporting class C.This is the company's first financial year, the financial year runs from 01.04.2022 to 31.12.2022This is the company's first financial year, the financial year runs from 01.04.2022 to 31.12.2022Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Entity, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the value of the liability can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item. Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement. Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year.Gross profit or lossGross profit or loss comprises revenue, changes in inventories of finished goods and work in progress, own work capitalised, other operating income, cost of raw materials and consumables and external expenses.Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for premises, stationery and office supplies, marketing costs, etc. This item also includes writedowns of receivables recognised in current assets.Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc . for entity staff.Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses relating to property, plant and equipment and intangible assets comprise depreciation, amortisation and impairment losses for the financial year, and gains and losses from the sale of intangible assets and property, plant and equipment.Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group enterprises, net capital or exchange losses on securities, payables and transactions in foreign currencies, amortisation of financial liabilities, and tax surcharge under the Danish Tax Prepayment Scheme etc.Intellectual property rights etc.Intellectual property rights etc. comprise development projects completed and in progress with related intellectual property rights, acquired intellectual property rights and prepayments for intangible assets.Intellectual property rights acquired are measured at cost less accumulated amortisation. Patents are amortised on a straight-line basis over their remaining duration, and licences are amortised over the term of the agreement.​ ​Intellectual property rights etc. are written down to the lower of recoverable amount and carrying amount.ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts.CashCash comprises cash in hand and bank deposits.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.2023-03-10Gunnar Steinn Magnússon