Årsrapport 30700228 EY Godkendt Revisionspartnerselskab Cortex Park Vest 3 5230 Odense M 2023-01-01 2023-12-31 2022-01-01 2022-12-31 37420654 JAM & co ApS Dr. Priemes Vej 2, 3. th 1854 Frederiksberg C 2016-02-01 Copenhagen EY Godkendt Revisionspartnerselskab 30700228 Cortex Park Vest 3 5230 Odense M 2024-05-01 Javier Alberto Amigo Miranda Regnskabsklasse B Andre erklæringer uden sikkerhed true true 2024-05-01 2024-05-01 CaseWare Working Papers Copenhagen Javier Alberto Amigo Miranda Odense Søren Smedegaard Hvid State Authorised Public Accountant mne31450 -96086 -12394 1890842 0 6755 22608 1788001 -35002 394 0 1787607 -35002 61000 0 1726607 -35002 962866 885888 962866 885888 962866 885888 5952 2267 5952 2267 756099 0 55318 6151 817369 8418 1780235 894306 50000 50000 1650593 -76014 61000 0 1761593 -26014 86 0 18556 920320 18642 920320 18642 920320 1780235 894306 50000 -41012 0 -35002 0 50000 -76014 0 1726607 61000 50000 1650593 61000 453 22409 6302 199 394 0 Today, the Executive Board has discussed and approved the annual report of JAM & co ApS for the financial year 1 January - 31 December 2023. The annual report, which has not been audited, has been prepared in accordance with the provisions of the Danish Financial Statements Act. The Executive Board has considered the criteria for omission of audit to be met. In my opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2023 and of the results of the Company's operations for the financial year 1 January - 31 December 2023. Further, in my opinion, the Management's review gives a fair review of the matters discussed in the Management's review. I recommend that the annual report be approved at the annual general meeting. To the general management of JAM & co ApS We have compiled the financial statements of JAM & co ApS for the financial year 1 January - 31 December 2023 based on the Company's bookkeeping and other information provided. The financial statements comprise an income statement, balance sheet, statement of changes in equity and notes, including 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 you in the preparation and presentation of the financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant requirements in the Danish Auditors Act and International Ethics Standards Board for Professional Accountants' International Code of Ethics for Professional Accountants (IESBA Code), including principles of integrity, objectivity, professional competence and due care. The financial statements and the accuracy and completeness of the information used to compile the financial statements are your responsibility. 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 the financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether the financial statements are prepared in accordance with the Danish Financial Statements Act. The company's main activity is to invest in companies, securities and related business, as well as other consultancy assistance. The income statement for 2023 shows a profit of DKK 1,787,607 against a loss of DKK 35,002 last year, and the balance sheet at 31 December 2023 shows equity of DKK 1,761,593. No events materially affecting the Company's financial position have occurred subsequent to the financial year-end. The annual report of JAM & co ApS for 2023 has been prepared in accordance with the provisions in the Danish Financial Statements Act applying to reporting class B entities and elective choice of certain provisions applying to reporting class C entities. The accounting policies used in the preparation of the financial statements are consistent with those of last year. Reporting currency The financial statements are presented in Danish kroner (DKK). Income from the rendering of services is recognised as revenue as the services are rendered. Revenue is measured at the fair value of the agreed consideration excluding VAT and taxes charged on behalf of third parties. All discounts and rebates granted are recognised in revenue. The items revenue and external expenses have been aggregated into one item in the income statement called gross profit/loss in accordance with section 32 of the Danish Financial Statements Act. Other external expenses include the year's expenses relating to the Company's core activities, including expenses relating to distribution, sale, advertising, administration, etc. Financial income and expenses are recognised in the income statements at the amounts that concern the financial year. Net financials include interest income and expenses as well as allowances and surcharges under the advance-payment-of-tax scheme, etc. Tax for the year includes current tax on the year's expected taxable income and the year's deferred tax adjustments. The portion of the tax for the year that relates to the profit/loss for the year is recognised in the income statement, whereas the portion that relates to transactions taken to equity is recognised in equity. Securities which the Company intends to hold to maturity are measured at amortised cost, using the effective interest rate method at the date of acquisition. Value adjustments are recognised in the income statement under "Net financials". Securities and investments consisting of listed shares and bonds are measured at fair value (market price) at the balance sheet date. Investments not admitted to trading on an active market are measured at cost. The carrying amount of investments is assessed for impairment on an annual basis. Impairment tests are conducted on assets or groups of assets when there is evidence of impairment. The carrying amount of impaired assets is reduced to the higher of the net selling price and the value in use (recoverable amount). The recoverable amount is the higher of the net selling price of an asset and its value in use. The value in use is calculated as the present value of the expected net cash flows from the use of the asset or the group of assets and the expected net cash flows from the disposal of the asset or the group of assets after the end of the useful life. Previously recognised impairment losses are reversed when the reason for recognition no longer exists. Proposed dividends Dividend proposed for the year is recognised as a liability once adopted at the annual general meeting (declaration date). Dividends expected to be distributed for the financial year are presented as a separate item under "Equity". Dividend proposed for the year is recognised as a liability once adopted at the annual general meeting (declaration date). Dividends expected to be distributed for the financial year are presented as a separate item under "Equity". Current tax payables and receivables are recognised in the balance sheet as the estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account. Deferred tax is measured according to the liability method on all temporary differences between the carrying amount and the tax base of assets and liabilities. However, deferred tax is not recognised on temporary differences relating to goodwill which is not deductible for tax purposes and on office premises and other items where temporary differences, apart from business combinations, arise at the date of acquisition without affecting either profit/loss for the year or taxable income. Where alternative tax rules can be applied to determine the tax base, deferred tax is measured based on Management's intended use of the asset or settlement of the liability, respectively. Deferred tax is measured according to the tax rules and at the tax rates applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Deferred tax assets are recognised at the expected value of their utilisation; either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the same legal tax entity. Changes in deferred tax due to changes in the tax rate are recognised in the income statement. Other payables Other payables are measured at net realisable value. The Company has no employees. The company has tax loss carry-forwards totalling DKK 91.668. The nominal value thereof is 22%, totalling DKK 20.167. The amount has not been recognised in the balance sheet due to the uncertainty as to application of the tax losses. The Company has not provided any security or other collateral in assets at 31 December 2023. 37420654 2023-01-01 2023-12-31 37420654 2022-01-01 2022-12-31 37420654 2022-12-31 37420654 2023-12-31 37420654 2023-01-01 2023-12-31 1 37420654 2023-01-01 2023-12-31 1 37420654 2022-01-01 e:ContributedCapitalMember 37420654 2023-01-01 e:ContributedCapitalMember 37420654 2023-12-31 e:ContributedCapitalMember 37420654 2023-01-01 e:RetainedEarningsMember 37420654 2023-01-01 2023-12-31 e:RetainedEarningsMember 37420654 2023-12-31 e:RetainedEarningsMember 37420654 2022-01-01 e:RetainedEarningsMember 37420654 2022-01-01 2022-12-31 e:RetainedEarningsMember 37420654 2023-01-01 e:ProposedDividendRecognisedInEquityMember 37420654 2023-01-01 2023-12-31 e:ProposedDividendRecognisedInEquityMember 37420654 2023-12-31 e:ProposedDividendRecognisedInEquityMember 37420654 2022-01-01 e:ProposedDividendRecognisedInEquityMember 37420654 2022-01-01 2022-12-31 e:ProposedDividendRecognisedInEquityMember iso4217:DKK