BDO Statsautoriseret revisionsaktieselskabThors Bakke 4, 2.DK-8900 Randers C20222670Årsrapport2025-06-13Francois Vachon3dsecure.io ApSP.O. Pedersens Vej 28200 Aarhus NAndre erklæringer uden sikkerhed410193282019-12-04Aarhus2024-01-012024-12-312023-01-012023-12-31BDO Statsautoriseret revisionsaktieselskabThors Bakke4, 2.8900Randers CAarhus2025-06-13Pascal BeijFrancois VachonRanders2025-06-13BDO Statsautoriseret revisionsaktieselskab20222670Søren BuschAndre erklæringer uden sikkerhedState Authorised Public Accountantmne4625644825732977648448257329776485091705311819854448037229577949864136507153493959230707935000004300000-6041-19929213493959230707910513688751366578151828318117212995012983211523369890418982578371020251097812061020251097812064000040000199955020055913500000430000055395506345591374435270143302112275788698641365071546629603435615466296034356151020251097812064000020055914300000-60413500000-430000040000199955035000005091705091701780903530919854531181985498641365071511Regnskabsklasse BtruetrueToday the Executive Board have discussed and approved the Annual Report of 3dsecure.io ApS for the financial year 1 January - 31 December 2024. The Annual Report is presented in accordance with the Danish Financial Statements Act. In our opinion the Financial Statements give a true and fair view of the Company's assets, liabilities and financial position at 31 December 2024 and of the results of the Company's operations for the financial year 1 January - 31 December 2024. The Management Commentary includes in our opinion a fair presentation of the matters dealt with in the Commentary. The Executive Board remain of the opinion that the conditions for opting out of audit have been fulfilled. We recommend the Annual Report be approved at the Annual General Meeting. To the Shareholder of 3dsecure.io ApS We have compiled these Financial Statements of 3dsecure.io ApS for the financial year 1 January - 31 December 2024 based on the Company's accounting records and other information provided by Management. These Financial Statements comprise income statement, balance sheet, statement of changes in equity, notes and accounting policies. We performed this compilation engagement in accordance with the International Standard, Compilation Engagements. We have applied our professional expertise 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 statutory provisions of the Danish Audit Act and International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (including International Independence Standards) (IESBA Code), including principles of integrity, objectivity, professional behaviour, and due care. These Financial Statements and the accuracy and completeness of the information used to compile these Financial Statements are Management’s responsibility. Since an engagement to compile financial information is not an assurance engagement, we are not required to verify the accuracy or completeness of the information provided by Management to us to compile these Financial Statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these Financial Statements are prepared in accordance with the Danish Financial Statements Act. Principal activities The primary activity is the development and sales of 3-D Secure Server software and other related activities. Significant events after the end of the financial year No events have occurred after the end of the financial year of material importance for the Company's financial position. DKK Share capital Retained earnings Proposed dividend Total Equity at 1 January 2024 40.000 2.005.591 4.300.000 6.345.591 Proposed profit allocation -6.041 3.500.000 3.493.959 Transactions with owners Dividend paid -4.300.000 -4.300.000 Equity at 31 December 2024 40.000 1.999.550 3.500.000 5.539.550 1 | Other financial income Group enterprises 50.917 0 172.110 50.917 0 2 | Other financial expenses Group enterprises 17.809 0 173.107 Other interest expenses 35.309 19.854 53.118 19.854 Joint liabilities The Company is jointly and severally liable together with the Parent Company and the other group companies in the joint taxable group for tax on the group’s joint taxable income and for certain possible withholding taxes, such as dividend tax, etc. Tax payable on the Group’s joint taxable income is stated in the annual report of CLEARHAUS A/S, which serves as management Company for the joint taxation. 5 | Staff costs Average number of full time employees 1 1 The Annual Report of 3dsecure.io ApS for 2024 has been presented in accordance with the provisions of the Danish Financial Statements Act for enterprises in reporting class B and certain provisions applying to reporting class C. Regnskabsklasse B1 true true The Annual Report is prepared consistently with the accounting principles applied last year. Net revenue Sale of services is generally recognised on the basis of a measurable degree of completion, using straight-line recognition of services delivered over time in a regular pattern. Where the degree of completion is not measurable or the sales value or the total costs of completion are uncertain, revenue is recognised by the amount that the enterprise as a maximum believes to have a right to claim and is expected to be received for services delivered at the Balance Sheet date. Net revenue is recognised exclusive of VAT and less duties and discounts related to the sale. Cost of sales Cost of sales comprise costs incurred to achieve the net revenue for the year, including direct and indirect costs of raw materials and consumables. Other external expenses Other external expenses include other production, sales, delivery and administrative costs, including costs of energy, marketing, premises, loss on bad debts, lease expenses, etc Financial income and expenses Financial income and expenses include interest income and expenses, financial expenses of finance leases, realised and unrealised gains and losses arising from securities, debt and transactions in foreign currencies, as well as charges and allowances under the tax-on-account scheme, etc. Financial income and expenses are recognised by the amounts that relate to the financial year. Interest income and expenses are calculated on amortised cost prices. Tax The tax for the year, which consists of the current tax for the year and changes in deferred tax, is recognised in the Income Statement by the share that may be attributed to the profit for the year, and is recognised directly in equity by the share that may be attributed to entries directly to equity. Receivables Receivables are measured at amortised cost which usually corresponds to nominal value. The value is written down to meet expected losses. Accruals, assets Accruals recognised as assets include costs incurred relating to the subsequent financial year. Tax payable and deferred tax Current tax liabilities and receivable current tax are recognised in the Balance Sheet as the calculated tax on the taxable income for the year, adjusted for tax on the taxable income for previous years and taxes paid on account. The Company is subject to joint taxation with Danish Group companies. The current corporation tax is distributed among the joint taxable companies in proportion to their taxable income and with full allocation and refund related to tax losses. The joint taxable companies are included in the tax-on-account scheme. Joint taxation contributions receivable and payable are recognised in the Balance Sheet under current assets and liabilities, respectively. Deferred tax is measured on the temporary differences between the carrying amount and the tax value of assets and liabilities. Deferred tax is measured on the basis of the tax rules and tax rates that under the legislation in force on the Balance Sheet date will be applicable when the deferred tax is expected to crystallise as current tax. Any changes in the deferred tax resulting from changes in tax rates, are recognised in the income statement, except from items recognised directly in equity. Liabilities Financial liabilities are recognised at the time of borrowing by the amount of proceeds received less transaction costs. In subsequent periods, the financial liabilities are measured at amortised cost equal to the capitalised value when using the effective interest, the difference between the proceeds and the nominal value being recognised in the Income Statement over the loan period. 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