364727072022-01-012022-12-31364727072022-01-012022-12-311364727072022-01-012022-12-31RevPers2364727072022-01-012022-12-31fsa:ProposedDividendRecognisedInEquityMember364727072022-01-012022-12-31fsa:RetainedEarningsMember364727072021-01-012021-12-31364727072021-01-012021-12-31fsa:ProposedDividendRecognisedInEquityMember364727072021-01-012021-12-31fsa:RetainedEarningsMember364727072022-12-31364727072021-12-31xbrli:purexbrli:pureiso4217:DKKxbrli:sharesTo the Management of SIM4PEOPLE ApS Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or review conclusion on whether the financial statements are prepared in accordance with the Danish Financial Accounts Act. , We have compiled the accompanying financial statements of SIM4PEOPLE ApS for the financial year 1 January 2022 - 31 December 2022 based on the information you have provided. These financial statements comprise a summary of significant accounting Policies, income statement, balance sheet and notes. , We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), Compilation Engagements. We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with the Danish Financial Statement Act. We have complied with relevant requirements under the Danish Act on Approved auditors and Audit Firms 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. , The Financial Statement and the accuracy and completeness of the information used to compile them are your responsibility. Næstved, 18 January 2023 Revision Vadestedet Godkendt Revisionsaktieselskab CVR-no. 27433863 Christian Bjørk Hansen Statsautoriseret revisor ID: mne34329 2023-01-18Næstved27433863mne34329Christian Bjørk HansenThomas FejferRevision Vadestedet Andre erklæringer uden sikkerhedtrue20962431388936337405801026851Regnskabsklasse B5000050000209624313819511004103569855588Basis of recognition and measurement The financial statement have been prepared under the historical cost principle. Income is recognised in the income statement as it is earned, including value adjustments of financial assets and liabilities that are measured at fair value or amortized cost. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortization, 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 accrue 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 attributable to the asset will flow out of the Company, and the value of the liability can be measured reliably. At initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Certain financial assets and liabilities are measured at amortised cost, which involves the recognition of a constant effective interest rate over the term. Amortised cost is calculated as original cost less repayments and with the addition/deduction of the accumulated amortisation of the difference between the cost and the nominal amount. This way, exchange losses and gains are allocated over the term. In connection with recognition and measurement, consideration is given to predictable losses and risks occurring prior to the presentation of the financial statement, i.e. losses and risks which prove or disprove matters which exist at the balance sheet date. , The financial statement have been prepared under the historical cost principle. Income is recognised in the income statement as it is earned, including value adjustments of financial assets and liabilities that are measured at fair value or amortized cost. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortization, 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 accrue 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 attributable to the asset will flow out of the Company, and the value of the liability can be measured reliably. At initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Certain financial assets and liabilities are measured at amortised cost, which involves the recognition of a constant effective interest rate over the term. Amortised cost is calculated as original cost less repayments and with the addition/deduction of the accumulated amortisation of the difference between the cost and the nominal amount. This way, exchange losses and gains are allocated over the term. In connection with recognition and measurement, consideration is given to predictable losses and risks occurring prior to the presentation of the financial statement, i.e. losses and risks which prove or disprove matters which exist at the balance sheet date. Current tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year. , Current tax liabilities Current tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year. Dividends Proposed dividend for the year are recognised as a separate item under equity. Proposed dividends are recognised as a liability when approved by the Annual General Meeting. Profit or loss resulting from the sale of tangible assets or property as the difference between the selling price less selling costs and the carrying amount at the date of sale, and is recognised in the income statement under other operating income or expenses. , Equipment 3 years 0% , Amortisation and impairment of tangible assets Amortization and impairment of tangible assets has been performed based on a continuing assessment of the useful life of the assets in the Company. Non-current assets are amortized on a straight line basis, based on cost, on the basis of the following assessment of useful life and residual values: Useful life Residual value Equipment 3 years 0% Profit or loss resulting from the sale of tangible assets or property as the difference between the selling price less selling costs and the carrying amount at the date of sale, and is recognised in the income statement under other operating income or expenses. , Useful life Residual value Equipment 3 years 0% , Amortization and impairment of tangible assets has been performed based on a continuing assessment of the useful life of the assets in the Company. Non-current assets are amortized on a straight line basis, based on cost, on the basis of the following assessment of useful life and residual values: Balance sheet Equipment Equipment are measured at cost on initial recognition and subsequently at cost less accumulated depreciation and impairment losses. The depreciable amount is calculated taking into consideration the residual value of the asset at the end of its useful life, reduced by impairment losses, if any. The depreciation period and the residual value are determined at the data of acquisition. If the residual value exceeds the carrying amount of the asset, depreciation is discontinued. In case of changes in depreciation period or residual value, the effect of a change in depreciation period is recognised prospectively in accounting estimates. Cost includes the purchase price and expenses directly related to the acquisition until the time when the asset is ready for use. Receivables Receivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Accrued expenses Accrued expenses recognised in assets comprises prepaid costs regarding subsequent financial years. Cash and cash equivalents Cash and cash equivalents comprise cash at bank. Equity Equity comprises the working capital and a number of equity items that may be statutory or stipulated in the articles of association. Dividends Proposed dividend for the year are recognised as a separate item under equity. Proposed dividends are recognised as a liability when approved by the Annual General Meeting. Deferred tax Deferred tax and the associated adjustments for the year are determined according to the liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallize as current tax. Current tax liabilities Current tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year. Liabilities Liabilities are measured at amortized cost, which generally corresponds to nominal value. Contingent liabilities Contingent liabilities are not recognised in the Balance Sheet but appear only in the notes. Cash and cash equivalents comprise cash at bank. , Cash and cash equivalents Cash and cash equivalents comprise cash at bank. Direct costs Direct costs include costs relating to work hire in Denmark and the rest of EU.Accrued expenses recognised in assets comprises prepaid costs regarding subsequent financial years. , Accrued expenses Accrued expenses recognised in assets comprises prepaid costs regarding subsequent financial years. Staff costs include wages and salaries including compensated absence and pension to the Companies employees, as well as other social security contributions etc. , Staff costs Staff costs include wages and salaries including compensated absence and pension to the Companies employees, as well as other social security contributions etc. Equity comprises the working capital and a number of equity items that may be statutory or stipulated in the articles of association. , Equity Equity comprises the working capital and a number of equity items that may be statutory or stipulated in the articles of association. Dividends Proposed dividend for the year are recognised as a separate item under equity. Proposed dividends are recognised as a liability when approved by the Annual General Meeting. Other external expenses include expenses for sales, administration and other staff expenses. , Other external expenses Other external expenses include expenses for sales, administration and other staff expenses. Financial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, realised and unrealised capital gains and losses regarding transactions in foreign currencies. , Financial income and expenses Financial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, realised and unrealised capital gains and losses regarding transactions in foreign currencies. Gross profit The Company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit is a combination of the items of revenue, direct costs, other operating income and other external expenses. Income statement Gross profit The Company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit is a combination of the items of revenue, direct costs, other operating income and other external expenses. Revenue Income from delivery of services is recognised on a straight-line basis in net sales, as the service is delivered. Direct costs Direct costs include costs relating to work hire in Denmark and the rest of EU. Staff costs Staff costs include wages and salaries including compensated absence and pension to the Companies employees, as well as other social security contributions etc. Other operating income Other operating income comprises items of a secondary nature to the activities of the enterprises, including help packages from the government related to Covid-19. Other external expenses Other external expenses include expenses for sales, administration and other staff expenses. Amortisation and impairment of tangible assets Amortization and impairment of tangible assets has been performed based on a continuing assessment of the useful life of the assets in the Company. Non-current assets are amortized on a straight line basis, based on cost, on the basis of the following assessment of useful life and residual values: Useful life Residual value Equipment 3 years 0% Profit or loss resulting from the sale of tangible assets or property as the difference between the selling price less selling costs and the carrying amount at the date of sale, and is recognised in the income statement under other operating income or expenses. Financial income and expenses Financial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, realised and unrealised capital gains and losses regarding transactions in foreign currencies. Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. The Company and the Danish associates are taxed jointly. The Danish income tax is distributed between profit- and loss-making Danish enterprises in relation to their taxable income (full distribution). Liabilities Liabilities are measured at amortized cost, which generally corresponds to nominal value. , Contingent liabilities Contingent liabilities are not recognised in the Balance Sheet but appear only in the notes. Other operating income Other operating income comprises items of a secondary nature to the activities of the enterprises, including help packages from the government related to Covid-19. , Other operating income comprises items of a secondary nature to the activities of the enterprises, including help packages from the government related to Covid-19. Equipment Equipment are measured at cost on initial recognition and subsequently at cost less accumulated depreciation and impairment losses. The depreciable amount is calculated taking into consideration the residual value of the asset at the end of its useful life, reduced by impairment losses, if any. The depreciation period and the residual value are determined at the data of acquisition. If the residual value exceeds the carrying amount of the asset, depreciation is discontinued. In case of changes in depreciation period or residual value, the effect of a change in depreciation period is recognised prospectively in accounting estimates. Cost includes the purchase price and expenses directly related to the acquisition until the time when the asset is ready for use. , Equipment are measured at cost on initial recognition and subsequently at cost less accumulated depreciation and impairment losses. The depreciable amount is calculated taking into consideration the residual value of the asset at the end of its useful life, reduced by impairment losses, if any. The depreciation period and the residual value are determined at the data of acquisition. If the residual value exceeds the carrying amount of the asset, depreciation is discontinued. In case of changes in depreciation period or residual value, the effect of a change in depreciation period is recognised prospectively in accounting estimates. Cost includes the purchase price and expenses directly related to the acquisition until the time when the asset is ready for use. Deferred tax Deferred tax and the associated adjustments for the year are determined according to the liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallize as current tax. Receivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. , Receivables Receivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Income from delivery of services is recognised on a straight-line basis in net sales, as the service is delivered. , Revenue Income from delivery of services is recognised on a straight-line basis in net sales, as the service is delivered. Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. The Company and the Danish associates are taxed jointly. The Danish income tax is distributed between profit- and loss-making Danish enterprises in relation to their taxable income (full distribution). , Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. The Company and the Danish associates are taxed jointly. The Danish income tax is distributed between profit- and loss-making Danish enterprises in relation to their taxable income (full distribution). Reporting Class The annual report of SIM4PEOPLE ApS for 2022 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. The accounting policies applied remain unchanged from last year. General information Basis of recognition and measurement The financial statement have been prepared under the historical cost principle. Income is recognised in the income statement as it is earned, including value adjustments of financial assets and liabilities that are measured at fair value or amortized cost. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortization, 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 accrue 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 attributable to the asset will flow out of the Company, and the value of the liability can be measured reliably. At initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Certain financial assets and liabilities are measured at amortised cost, which involves the recognition of a constant effective interest rate over the term. Amortised cost is calculated as original cost less repayments and with the addition/deduction of the accumulated amortisation of the difference between the cost and the nominal amount. This way, exchange losses and gains are allocated over the term. In connection with recognition and measurement, consideration is given to predictable losses and risks occurring prior to the presentation of the financial statement, i.e. losses and risks which prove or disprove matters which exist at the balance sheet date. Income statement Gross profit The Company has decided to aggregate certain items of the income statement in accordance with the provisions of Section 32 of the Danish Financial Statements Act. Gross profit is a combination of the items of revenue, direct costs, other operating income and other external expenses. Revenue Income from delivery of services is recognised on a straight-line basis in net sales, as the service is delivered. Direct costs Direct costs include costs relating to work hire in Denmark and the rest of EU. Staff costs Staff costs include wages and salaries including compensated absence and pension to the Companies employees, as well as other social security contributions etc. Other operating income Other operating income comprises items of a secondary nature to the activities of the enterprises, including help packages from the government related to Covid-19. Other external expenses Other external expenses include expenses for sales, administration and other staff expenses. Amortisation and impairment of tangible assets Amortization and impairment of tangible assets has been performed based on a continuing assessment of the useful life of the assets in the Company. Non-current assets are amortized on a straight line basis, based on cost, on the basis of the following assessment of useful life and residual values: Useful life Residual value Equipment 3 years 0% Profit or loss resulting from the sale of tangible assets or property as the difference between the selling price less selling costs and the carrying amount at the date of sale, and is recognised in the income statement under other operating income or expenses. Financial income and expenses Financial income and expenses are recognised in the income statement based at the amounts that concern the financial year. Financial income and expenses include interest revenue and expenses, realised and unrealised capital gains and losses regarding transactions in foreign currencies. Tax on net profit for the year Tax on net profit/loss for the year comprises current tax on expected taxable income of the year and the year's adjustment of deferred tax less the part of the tax of the year that relates to changes in equity. Current and deferred tax regarding changes in equity is recognised directly in equity. The Company and the Danish associates are taxed jointly. The Danish income tax is distributed between profit- and loss-making Danish enterprises in relation to their taxable income (full distribution). Balance sheet Equipment Equipment are measured at cost on initial recognition and subsequently at cost less accumulated depreciation and impairment losses. The depreciable amount is calculated taking into consideration the residual value of the asset at the end of its useful life, reduced by impairment losses, if any. The depreciation period and the residual value are determined at the data of acquisition. If the residual value exceeds the carrying amount of the asset, depreciation is discontinued. In case of changes in depreciation period or residual value, the effect of a change in depreciation period is recognised prospectively in accounting estimates. Cost includes the purchase price and expenses directly related to the acquisition until the time when the asset is ready for use. Receivables Receivables are measured at amortized cost which usually corresponds to the nominal value. The value is reduced by write-downs for expected bad debts. Accrued expenses Accrued expenses recognised in assets comprises prepaid costs regarding subsequent financial years. Cash and cash equivalents Cash and cash equivalents comprise cash at bank. Equity Equity comprises the working capital and a number of equity items that may be statutory or stipulated in the articles of association. Dividends Proposed dividend for the year are recognised as a separate item under equity. Proposed dividends are recognised as a liability when approved by the Annual General Meeting. Deferred tax Deferred tax and the associated adjustments for the year are determined according to the liability method as the tax base of all temporary differences between carrying amounts and the tax bases of assets and liabilities. Deferred tax assets, including the tax base of tax losses allowed for carryforward, are recognised at the value at which they are expected to be used, either by elimination in tax on future earnings or by set-off against deferred tax liabilities in enterprises within the same legal entity and jurisdiction. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation applicable at the balance sheet date when the deferred tax is expected to crystallize as current tax. Current tax liabilities Current tax liabilities and current tax receivables are recognised in the balance sheet as estimated income tax charge for the year. Liabilities Liabilities are measured at amortized cost, which generally corresponds to nominal value. Contingent liabilities Contingent liabilities are not recognised in the Balance Sheet but appear only in the notes. 6. Contingent liabilities The company is jointly taxed with the parent company Fejfer Holding ApS as management company, and with other Danish affiliated companies. The company is jointly and severally liable with other jointly taxed companies in the group for payment of withholding taxes, which have arisen within the joint taxation district and which are due for payment on 22 december 2014 or later, and for payment of corporation taxes which have arisen within the joint taxation district, and which fall due for payment on 22 december 2014 or later. 2022 2021 kr. kr. 1. Staff expenses Wages and salaries 2.255.350 2.077.505 Pensions 179.916 193.582 Social security contributions 124.246 130.699 2.559.512 2.401.786 Average number of employees 3 3 4. Long-term liabilities Due Due Due after 1 year within 1 year after 5 years kr. kr. kr. Other payables 0 0 70.288 0 0 70.288 7. The Company's principal activities The Company's principal activities consist in develop and sale of IT programs, as well as facilitate courses. 3. Finance expenses Financial costs arising from affiliated companies 13.879 21.646 Other financial costs 5.662 20.166 19.541 41.812 255951224017868797211708830698536398512902164The annual report of SIM4PEOPLE ApS for 2022 has been presented in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B. 20962431388936121652212165167022874269069852. Other finance income Financial income from affiliated companies 9.573 6.064 Other financial income -2.203 1.719 7.370 7.783 , 2022 2021 kr. kr. 5. Special items The special items are part of other operating income Corona compensation 0 -109.065 Corona salary compensation -1.118 -323.480 Balance at the end of the year -1.118 -432.545 1954141812737077837022874269391205437104826836359300600000118000226836241300106118346076110733544947900698560000011800001537015372297212883false663769754114629411422473972155446693401834830135566335510031874122935723588499924215961596610359181247082343471014614700, NæstvedVadestedet 62023-02-03TF@sim4people.com3647270727433863ÅrsrapportThomas FejferSIM4PEOPLE ApSRevision Vadestedet , Godkendt Revisionsaktieselskab2021-01-012021-12-31376, Guldborgsund2022-12-312022-01-01The Annual Report is presented in accordance with the Danish Financial Statements Act. The conditions for not conducting an audit of the Financial Statement have been met. 2023-01-18Today, Management has considered and adopted the Annual Report of SIM4PEOPLE ApS for the financial year 1 January 2022 - 31 December 2022. VæggerløseI recommend that the Annual Report be adopted at the Annual General Meeting. Today, Management has considered and adopted the Annual Report of SIM4PEOPLE ApS for the financial year 1 January 2022 - 31 December 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 assets, liabilities and financial position of the Company at 31 December 2022 and of the results of the Company's operations for the financial year 1 January 2022 - 31 December 2022. The conditions for not conducting an audit of the Financial Statement have been met. I recommend that the Annual Report be adopted at the Annual General Meeting. Væggerløse, 18 January 2023 Executive Board Thomas Fejfer