27442595 2024-03-31 27442595 2023-03-31 27442595 2023-04-01 fsa:ContributedCapitalMember 27442595 2023-04-01 fsa:RetainedEarningsMember 27442595 2023-04-01 fsa:ProposedDividendRecognisedInEquityMember 27442595 2024-03-31 fsa:ContributedCapitalMember 27442595 2024-03-31 fsa:RetainedEarningsMember 27442595 2024-03-31 fsa:ProposedDividendRecognisedInEquityMember 27442595 2023-04-01 fsa:FixturesFittingsToolsAndEquipmentMember 27442595 2023-04-01 fsa:LeaseholdImprovementsMember 27442595 2024-03-31 fsa:FixturesFittingsToolsAndEquipmentMember 27442595 2024-03-31 fsa:LeaseholdImprovementsMember 27442595 2023-04-01 fsa:DepositsLongtermInvestmentsAndReceivablesMember 27442595 2024-03-31 fsa:DepositsLongtermInvestmentsAndReceivablesMember 27442595 2023-04-01 2024-03-31 27442595 2023-04-01 2024-03-31 1 27442595 2023-04-01 2024-03-31 memberOfBoardIdentifier_executive_board_1 27442595 2023-04-01 2024-03-31 memberOfBoardIdentifier_executive_board_2 27442595 2023-04-01 2024-03-31 memberOfBoardIdentifier_board_of_director_1 27442595 2022-04-01 2023-03-31 27442595 2023-04-01 2024-03-31 fsa:ContributedCapitalMember 27442595 2023-04-01 2024-03-31 fsa:RetainedEarningsMember 27442595 2023-04-01 2024-03-31 fsa:ProposedDividendRecognisedInEquityMember 27442595 2023-04-01 2024-03-31 fsa:FixturesFittingsToolsAndEquipmentMember 27442595 2023-04-01 2024-03-31 fsa:LeaseholdImprovementsMember 27442595 2023-04-01 2024-03-31 fsa:DepositsLongtermInvestmentsAndReceivablesMember iso4217:DKK pure Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2023-04-01 2022-04-01 2024-03-31 2023-03-31 27442595 Insights Danmark ApS Hasselager Centervej 3, st. 8260 Viby J Aarhus Denmark@insights.com 2003-11-19 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Jens Chr. Skous Vej 1 8000 Aarhus C Denmark 89 32 00 00 aarhus@pwc.dk 2024-08-20 Fiona Helen Logan Regnskabsklasse B Erklæring om udvidet gennemgang The Executive Board and Board of Directors have today considered and adopted the Annual Report of Insights Danmark ApS for the financial year 1 April 2023 - 31 March 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 31 March 2024 of the Company and of the results of the Company operations for 2023/24. In our opinion, Management's Review includes a true and fair account of the matters addressed in the Review. We recommend that the Annual Report be adopted at the Annual General Meeting. 2024-08-20 Viby J Lars Christian Eriksen CEO Ronnie Vindbjerg Lund Pedersen Manager Fiona Helen Logan Chairman To the shareholder of Insights Danmark ApS Opinion We have performed an extended review of the Financial Statements of Insights Danmark ApS for the financial year 1 April 2023 - 31 March 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 31 March 2024 and of the results of the Company´s operations for the financial year 1 April 2023 - 31 March 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. Aarhus C 2024-08-20 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Mads Johansson State Authorised Public Accountant mne40760 Key activities Insights' chief mandate revolves around the sale and delivery of cutting-edge learning and development products and services. Our diverse clientele encompasses large multinational enterprises, medium-sized businesses, small enterprises, self-employed consultants, and affiliated professionals. At the heart of Insights' strategy is a relentless drive to fortify our customer relationships and enrich our community engagement. Development in the year The income statement of the Company for 2023/24 shows a profit of DKK 9,770,147, and at 31 March 2024 the balance sheet of the Company shows a positive equity of DKK 11,837,213. Uncertainty relating to recognition and measurement There has been no uncertainty regarding recognition and measurement in the Annual Report. Unusual events The financial position at 31 March 2024 of the Company and the results of the activities and cash flows of the Company for the financial year for 2023/24 have not been affected by any unusual events. Subsequent events No events materially affecting the assessment of the Annual Report have occurred after the balance sheet date. 29079498 25889017 16253223 15841626 126785 113410 0 142219 12699490 9791762 75799 359558 163224 325473 12612065 9825847 2841918 2263209 9770147 7562638 0 12656940 7500000 3800000 2270147 -8894302 117919 108111 104740 156395 222659 264506 194099 177966 194099 177966 416758 442472 824180 688199 824180 688199 7294793 7567727 4656224 69346 51816 21000 1283086 0 164222 193685 13450141 7851758 267103 3730546 14541424 12270503 14958182 12712975 125000 125000 4212213 1942066 7500000 3800000 11837213 5867066 29174 38170 29174 38170 787129 1260698 18887 410153 0 322532 2283348 4807461 2431 6895 3091795 6807739 3091795 6807739 14958182 12712975 125000 1942066 3800000 0 0 -3800000 0 2270147 7500000 125000 4212213 7500000 14991391 14528331 1034649 1106770 179041 138596 48142 67929 16253223 15841626 25 22 126785 113410 126785 113410 16027 359558 59772 0 75799 359558 2850914 2264532 -8996 -1323 2841918 2263209 548862 258275 84938 0 633800 258275 440751 101880 75130 51655 515881 153535 117919 104740 177966 16133 194099 194099 Deferred tax liabilities at 1 April 38170 39493 Amounts recognised in the income statement for the year -8996 -1323 Deferred tax liabilities at 31 March 29174 38170 Rental and lease obligations Lease obligations under operating leases. Total future lease payments: Within 1 year 287242 409378 Between 1 and 5 years 46405 117748 Total 333647 527126 Other contingent liabilities There are no other security or contingent liabilitites at 31 March 2024. The Annual Report of Insights Danmark ApS 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. Fixed assets acquired in foreign currencies are measured at the transaction date rates. Revenue from the sale of goods is recognised when the risks and rewards relating to the goods sold have been transferred to the purchaser, the revenue can be measured reliably and it is probable that the economic benefits relating to the sale will flow to the Company. Revenue is measured at the consideration received and is recognised exclusive of VAT and net of discounts relating to sales. Expenses for raw materials and consumables comprise the raw materials and consumables consumed to achieve revenue for the year. Other external expenses comprise 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, other operating income, expenses for raw materials and consumables 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. Amortisation, depreciation and impairment losses comprise depreciation and impairment of property, plant and equipment. Other operating income and other operating expenses comprise items of a secondary nature to the main activities of the Company, including gains and losses on the sale of property, plant and equipment. 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. Property, plant and equipment are measured at cost less accumulated depreciation and less any accumulated impairment losses. Cost comprises the cost of acquisition and expenses directly related to the acquisition up until the time when the asset is ready for use. Interest expenses on loans contracted directly for financing the construction of property, plant and equipment are recognised in cost over the construction period. Depreciation based on cost reduced by any residual value is calculated on a straight-line basis over the expected useful lives of the assets, which are: Other fixtures and fittings, tools and equipment 3 years Leasehold improvements 5 years The fixed assets’ residual values are determined at nil. Depreciation period and residual value are reassessed annually. The carrying amounts of property, plant and equipment and investments are reviewed on an annual basis to determine whether there is any indication of impairment other than that expressed by depreciation. If so, the asset is written down to its lower recoverable amount. Other fixed asset investments consist of deposits. Inventories are measured at the lower of cost under the FIFO method and net realisable value. The net realisable value of inventories is calculated at the amount expected to be generated by sale of the inventories in the process of normal operations with deduction of selling expenses and costs of completion. The net realisable value is determined allowing for marketability, obsolescence and development in expected selling price. The cost of goods for resale equals landed cost. The cost of finished goods and work in progress comprises the cost of raw materials, consumables and direct labour. 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. Deferred income tax is measured using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes on the basis of the intended use of the asset and settlement of the liability, respectively. Deferred tax assets, including the tax base of tax loss carry-forwards, are measured at the value at which the asset is expected to be realised, either by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation at the balance sheet date when the deferred tax is expected to crystallise as current tax. Any changes in deferred tax due to changes to tax rates are recognised in the income statement or in equity if the deferred tax relates to items recognised in equity. 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. Deferred income comprises payments received in respect of income in subsequent years.