42868094 2024-06-30 42868094 2023-06-30 42868094 2023-07-01 fsa:ContributedCapitalMember 42868094 2023-07-01 fsa:RetainedEarningsMember 42868094 2023-07-01 fsa:ProposedDividendRecognisedInEquityMember 42868094 2024-06-30 fsa:ContributedCapitalMember 42868094 2024-06-30 fsa:RetainedEarningsMember 42868094 2024-06-30 fsa:ProposedDividendRecognisedInEquityMember 42868094 2023-07-01 2024-06-30 42868094 2023-07-01 2024-06-30 1 42868094 2023-07-01 2024-06-30 memberOfBoardIdentifier_executive_board_1 42868094 2023-07-01 2024-06-30 memberOfBoardIdentifier_board_of_director_1 42868094 2023-07-01 2024-06-30 memberOfBoardIdentifier_board_of_director_2 42868094 2023-07-01 2024-06-30 memberOfBoardIdentifier_board_of_director_3 42868094 2022-07-01 2023-06-30 42868094 2023-07-01 2024-06-30 fsa:ContributedCapitalMember 42868094 2023-07-01 2024-06-30 fsa:RetainedEarningsMember 42868094 2023-07-01 2024-06-30 fsa:ProposedDividendRecognisedInEquityMember iso4217:DKK pure Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2023-07-01 2022-07-01 2024-06-30 2023-06-30 42868094 Tech Collective Cyber Tech Services A/S Strandvejen 54 2900 Hellerup Gentofte 2021-11-30 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Strandvejen 44 2900 Hellerup Denmark 39 45 39 45 koebenhavn@pwc.dk 2024-11-22 David Williams Regnskabsklasse B Erklæring om udvidet gennemgang The Executive Board and Board of Directors have today considered and adopted the Annual Report of Tech Collective Cyber Tech Services 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 financial position at 30 June 2024 of the Company and of the results of the Company operations for 2023/24. We recommend that the Annual Report be adopted at the Annual General Meeting. 2024-11-22 Hellerup Kim Schlyter CEO Niels Olaf Ahrengot Chair Christian Ehlers Mikkelsen Palle Thesbjerg Mehlsen To the shareholder of Tech Collective Cyber Tech Services A/S Opinion We have performed an extended review of the Financial Statements of Tech Collective Cyber Tech Services A/S for the financial year 1 July 2023 - 30 June 2024, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies. The Financial Statements are prepared in accordance with the Danish Financial Statements Act. Based on the work performed, in our opinion, the Financial Statements give a true and fair view of the financial position of the Company 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 Opinion We conducted our extended review in accordance with the Danish Business Authority´s Assurance Standard for Small Enterprises and FSR – Danish Auditors´ standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the ”Practitioner´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' 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. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion. 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 Financial Statements. This requires that we plan and perform procedures to obtain limited assurance in respect of our conclusion on the Financial Statements and, moreover, that we perform supplementary procedures specifically required to obtain additional assurance in respect of our conclusion. An extended review consists of making inquiries, primarily of Management and others within the enterprise, as appropriate, and applying analytical procedures and the supplementary procedures specifically required as well as assessing the evidence obtained. An extended review is less in scope than an audit and, consequently, we do not express an audit opinion on the Financial Statements. Hellerup 2024-11-22 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Henrik Ødegaard State Authorised Public Accountant mne31489 35424461 18461174 29190300 18227346 6234161 233828 13813 344927 213583 5589 6034391 573166 1349318 135508 4685073 437658 4080000 0 605073 437658 18753284 6336911 294968 4653619 259075 1386508 0 158128 377968 97868 19685295 12633034 2026451 2206243 21711746 14839277 21711746 14839277 400000 400000 1601659 996585 4080000 0 6081659 1396585 670748 2104734 13597 1558186 4768433 6250000 1485110 0 8692199 3529772 15630087 13442692 15630087 13442692 21711746 14839277 400000 996586 0 0 605073 4080000 400000 1601659 4080000 The Company's purpose is to carry out consultancy, trade and service as well as activities related to this.The Company's purpose can be fulfilled either directly or through holding capital shares in other companies with the same purpose. 27730279 17274537 1231037 833876 228984 118933 29190300 18227346 26 16 1349392 134145 -74 1363 1349318 135508 Other contingent liabilities The group companies are jointly and severally liable for tax on the jointly taxed incomes etc of the Group. The total amount of corporation tax payable is disclosed in the Annual Report of Implement Datterholding A/S, which is the management company of the joint taxation purposes. Moreover, the group companies are jointly and severally liable for Danish withholding taxes by way of dividend tax, tax on royalty payments and tax on unearned income. Any subsequent adjustments of corporation taxes and withholding taxes may increase the Company's liability. Consolidated Financial Statements The Company is included in the Group Annual Report of the Parent Company of the largest and smallest group: Name Place of registered office Implement Consulting Group P/S Strandvejen 54, 2900 Hellerup The Annual Report of Tech Collective Cyber Tech Services 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 selected rules applying to reporting class C. The accounting policies applied remain unchanged from last year. The Financial Statements for 2023/24 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. Danish kroner is used as the presentation currency. All other currencies are regarded as foreign currencies. Transactions in foreign currencies are translated at the exchange rates at the dates of transaction. Gains and losses arising due to differences between the transaction date rates and the rates at the dates of payment are recognised in financial income and expenses in the income statement. Receivables, payables and other monetary items in foreign currencies that have not been settled at the balance sheet date are translated at the exchange rates at the balance sheet date. Any differences between the exchange rates at the balance sheet date and the rates at the time when the receivable or the debt arose are recognised in financial income and expenses in the income statement. The Company enters into contracts with obligations to deliver consultancy services, resulting in delivering either a fixed or variable number of working hours to a specific client. Revenue from providing services is recognised in the period in which the services are rendered. All performance obligations consist of delivery of consultancy services, i.e. working hours. Revenue is measured at the consideration received and is recognised exclusive of VAT and net of discounts relating to sales. Other external expenses comprise indirect production costs and expenses for premises, sales as well as office expenses, etc. With reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a summary of revenue and other external expenses. 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 relating to the financial 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. The Company is jointly taxed with the Danish Group Companies. The tax effect of the joint taxation is allocated to Danish enterprises in proportion to their taxable incomes. Receivables are measured in the balance sheet at the lower of amortised cost and net realisable value, which corresponds to nominal value less provisions for bad debts. Prepayments comprise prepaid expenses concerning rent, insurance premiums, subscriptions and interest. Dividend distribution proposed by Management for the year is disclosed as a separate Dividend item. Current tax liabilities and receivables are recognised in the balance sheet as the expected taxable income for the year adjusted for tax on taxable incomes for prior years and tax paid on account. Extra payments and repayment under the on-account taxation scheme are recognised in the income statement in financial income and expenses. Debts are measured at amortised cost, substantially corresponding to nominal value.