320891352024-01-012024-12-31320891352024-01-012024-12-311320891352024-01-012024-12-311320891352024-01-012024-12-312320891352024-01-012024-12-313320891352024-01-012024-12-311320891352024-12-31320891352023-12-31fsa:ContributedCapitalMember320891352023-12-31fsa:RetainedEarningsMember320891352023-12-31320891352024-01-012024-12-31fsa:RetainedEarningsMember320891352024-12-31fsa:ContributedCapitalMember320891352024-12-31fsa:RetainedEarningsMember320891352024-01-012024-12-31fsa:ShorttermDeferredIncomeMember320891352023-01-012023-12-31iso4217:DKKxbrli:pureThe Board of Directors and the Executive Board have today considered and approved the annual report of Aarhus Geophysics ApS for the financial year 01.01.2024 - 31.12.2024.11547611675609The annual report is presented in accordance with the Danish Financial Statements Act.16635751559163In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2024 and of the results of its operations for the financial year 01.01.2024 - 31.12.2024.-508814116446We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.56121968We consider the preconditions for not auditing the financial statements for the financial year 01.01.2024 - 31.12.2024 to be complied with.34695736We recommend the annual report for adoption at the Annual General Meeting.-506671112678Aarhus-11172325178Andrea Viezzoli-39494887500Niels-Peter Jensen-39494887500ChairmanHenrik Ekkert Sabra4600046000Board member4600046000Andrea Viezzoli4600046000Board member135344248893To Management of Aarhus Geophysics ApS1117230We have compiled the financial statements of Aarhus Geophysics ApS for the financial year 01.01.2024 - 31.12.2024 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. 10000Aarhus1800037822Kristian Bredgaard Lassen266067286715mne234307283181699166State Authorised Public Accountant9943851985881Primary activitiesThe Company’s primary activity is to develop and sell software used in analysing geophysical measurements as well as any related activities.10403852031881Events 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.6125061250This 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.The accounting policies applied to these financial statements are consistent with those applied last year.6522661047214Recognition 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.7135161108464Foreign currency translationOn initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Receivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the balance sheet date. Exchange differences that arise between the rate at the transaction date and the rate in effect at the payment date, or the rate at the balance sheet date, are recognised in the income statement as financial income or financial expenses.01321Gross profit or lossGross profit or loss comprises revenue, work in progress, other operating income and external expenses. 60000540944RevenueRevenue from the sale of services is recognised in the income statement when delivery is made to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.2100021000Cost of salesCost of sales comprises goods consumed in the financial year measured at cost, adjusted for normal inventory writedowns.199752314035Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for premises, stationery and office supplies, marketing costs, etc.4611746117Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc . for entity staff.326869923417Other financial incomeOther financial income comprises interest income and net capital or exchange gains on transactions in foreign currencies etc. 326869923417Other financial expensesOther financial expenses comprise interest expenses and net capital or exchange losses on transactions in foreign currencies etc. 10403852031881Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the income statement by the portion attributable to the profit for the year and recognised directly in equity by the portion attributable to entries directly in equity.612502Other investmentsOther investments comprise unlisted equity investments measured at the lower of cost and net realisable value.1047214ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts.Deferred taxDeferred tax is recognised on all temporary differences between the carrying amount and the tax-based value of assets and liabilities, for which the tax-based value is calculated based on the planned use of each asset. Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets.-394948Tax payable or receivableCurrent tax payable or receivable is recognised in the balance sheet, stated as tax computed on this year's taxable income, adjusted for prepaid tax.Cash and cash equivalentsCash comprises bank deposits.61250Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.652266Deferred incomeDeferred income comprises income received for recognition in subsequent financial years. Deferred income is measured at cost.true1 Staff costs2024 DKK2023 DKKWages and salaries1,355,7851,331,266Pension costs260,893180,850Other social security costs46,89747,0471,663,5751,559,163Average number of full-time employees222025-06-3022025-06-302 Other financial expenses2024 DKK2023 DKKOther interest expenses2,5103,846Exchange rate adjustments9591,8903,4695,736true3 Tax on profit/loss for the year2024 DKK2023 DKKCurrent tax09,178Change in deferred tax(111,723)16,000(111,723)25,178339635564 Deferred incomeDeferred income consists of grants received accrued over the grant period.2023-01-012023-12-31Aarhus C80002City Tower, VærkmestergadeDeloitte Statsautoriseret RevisionspartnerselskabAarhusRisskov8240Regnskabsklasse BAndre erklæringer uden sikkerhed2024-12-312024-01-01114VoldbjergvejAarhus Geophysics ApS32089135339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapport2025-06-30Andrea Viezzoli