xbrli:pureiso4217:DKK380445912022-10-012023-09-30380445912022-10-012023-09-301380445912022-10-012023-09-301380445912022-10-012023-09-30380445912021-10-012022-09-30380445912022-10-012023-09-30fsa:RetainedEarningsMember380445912023-09-30380445912022-09-30380445912022-10-01fsa:ContributedCapitalMember380445912022-10-01fsa:ReserveForDevelopmentExpenditureMember380445912022-10-01fsa:RetainedEarningsMember380445912022-10-01380445912023-09-30fsa:ContributedCapitalMember380445912023-09-30fsa:ReserveForDevelopmentExpenditureMember380445912023-09-30fsa:RetainedEarningsMember380445912022-10-012023-09-30fsa:ReserveForDevelopmentExpenditureMember380445912022-10-012023-09-30fsa:OtherShorttermPayablesMemberGrundlag for konklusionKonklusion2024-03-192024-03-19true2021-10-012022-09-3033963556København S23006WeidekampsgadeDeloitte Statsautoriseret RevisionspartnerselskabGlostrupGlostrup2600Regnskabsklasse BErklæring om udvidet gennemgang2023-09-302022-10-011<br /><br />25StationsparkenCampingVision IT ApS38044591339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportThe Executive Board has today considered and approved the annual report of CampingVision IT ApS for the financial year 01.10.2022 - 30.09.2023. 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 Entity’s financial position at 30.09.2023 and of the results of its operations for the financial year 01.10.2022 - 30.09.2023.I believe that the management commentary contains a fair review of the affairs and conditions referred to therein.I recommend the annual report for adoption at the Annual General Meeting.GlostrupRalf Arjan de BruijnTo the shareholders of CampingVision IT ApSWe have performed an extended review of the financial statements of CampingVision IT ApS for the ​financial year 01.10.2022 - 30.09.2023, which comprise the 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 our extended review, in our opinion, the financial statements give a true and fair view of the Entity’s ​financial position at 30.09.2023 and of the results of its operations for the financial year 01.10.2022 - 30.09.2023 in accordance with the Danish Financial Statements Act.We conducted our extended review in accordance with the assurance engagement standard for small enterprises as issued by the Danish Business Authority and the standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act as issued by FSR - Danish Auditors. Our responsibilities under those standards and requirements are further described in the ”Auditor’s responsibilities for the extended review of the financial statements” section. We are independent of the Entity 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 Entity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern, and using the going concern basis of accounting unless Management either intends to liquidate the Entity 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 about our conclusion on the financial statements and that we also perform specifically required supplementary procedures for the purpose of obtaining additional assurance about our conclusion. An extended review consists of making inquiries, primarily of Management and, if appropriate, of other entity personnel, performing analytical and the specifically required supplementary procedures as well as evaluating the evidence obtained. The procedures performed in an extended review are less in scope than in an audit, and accordingly we do not express an audit opinion on the financial statements.Management is responsible for the management commentary. Our conclusion on the financial statements does not cover the management commentary, and we do not express any form of assurance conclusion thereon. In connection with our extended review of the financial statements our responsibility is to read the management commentary and, in doing so, consider whether the management commentary is materially inconsistent with the financial statements or our knowledge obtained in the extended review or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether the management commentary provides the information required under the Danish Financial Statements Act.<br />Based on the work we have performed, we conclude that the management commentary is in accordance with financial statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement of the management commentary.KøbenhavnThomas Frommelt Hertzmne31543State Authorised Public AccountantPrimary activitiesThe Entity's primary activity is to maintain and develop IT software for affiliated companies.Development in activities and financesThe income statement for the period 01.10.22 - 30.09.23 shows a profit of DKK'000 4,831 against DKK'000 3,729 for the period 01.10.21 - 30.09.22. The balance sheets shows equity of DKK'000 13,352.Events after the balance sheet dateNo important events have occured after the end of the financial year.1683707914428184-4378774-5243483010681483152180384206918063673168977465420286659337961769215681712646646646226552184552856096248011433704614172326080304830779372901648307794830779372901614489745148260931448974514826093144897451482609318453336364924257124122508020523918510460397698929216943913572143215443683463592189919194439500005000011302001115643531999851-30932801335185285210735000011564353-3093280852107350000113020011999851315300032180003153000321800014822327270306480016260882130233135311820636239395616171485005091172351117189086166054021728681461022481941704774553663592189919194439-2623521 Staff costs2022/23 DKK2021/22 DKKWages and salaries4,740,2335,613,122Pension costs614,824847,134Other social security costs68,80799,404Other staff costs(3,578)33,7195,420,2866,593,379Average number of full-time employees9129122 Depreciation, amortisation and impairment losses2022/23 DKK2021/22 DKKAmortisation of intangible assets6,176,9215,681,7126,176,9215,681,7123 Other financial expenses2022/23 DKK2021/22 DKKExchange rate adjustments18,28232Other financial expenses200,173285,577218,455285,609<br />2022/23 DKK2021/22 DKKExchange rate adjustments18,28232Other financial expenses200,173285,577218,455285,6094 Tax on profit/loss for the year2022/23 DKK2021/22 DKKCurrent tax1,482,232727,030Change in deferred tax(65,000)(119,000)1,417,232608,0305 Intangible assetsCompleted development projects DKKCost beginning of year32,951,514Additions5,840,573Cost end of year38,792,087Amortisation and impairment losses beginning of year(18,125,421)Amortisation for the year(6,176,921)Amortisation and impairment losses end of year(24,302,342)Carrying amount end of year14,489,7456 Development projectsDevelopment costs relate to further development of the company's products. This year's additions is attributable to labor costs and external consultants that directly relate to the development. 7 Deferred tax2022/23 DKK2021/22 DKKIntangible assets3,187,7443,261,740Property, plant and equipment(34,438)(45,917)Other deductible temporary differences(306)2,177Deferred tax3,153,0003,218,000<br />7 Deferred tax8 Other payables2022/23 DKK2021/22 DKKHoliday pay obligation648,001626,088648,001626,0889 Other payables2022/23 DKK2021/22 DKKWages and salaries, personal income taxes, social security costs, etc. payable470,590189,207Holiday pay obligation438,026274,068Other costs payable0142,127908,616605,40210 Contingent liabilitiesLease Commitments Liabilities under rental agreements and leases until maturity comprises DKK'000 111 (2021/22: DKK'000 111).This 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.Changes in accounting policiesThe Entity has changed its accounting policies with regard to own work capitalized in accordance with The Danish Financial Statements Act §13, 1, no. 8. ​​ The comparative figures have been restated following the change in accounting policies. The change in accounting policies has for comparative figures led to a increase in gross profit of DKK 5,243,483 and increase in staff costs of DKK 5,243,483. ​ ​Apart from the areas mentioned above, the annual report has been presented applying the accounting policies consistently with last year.Recognition 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.RevenueIncome from the sale of services is recognised in the income statement as delivery takes place (delivery method). Revenue is measured at the selling value of the agreed consideration exclusive of VAT and other taxes collected on behalf of third parties and less discounts.Own work capitalisedOwn work capitalised comprises staff costs and other costs incurred in the financial year and recognised in cost for proprietary intangible assets.Other operating incomeOther operating income comprises income of a secondary nature in relation to the enterprise's activities.Other external expensesOther external expenses comprise selling costs, vehicle expenses and administrative expenses.Staff costsStaff costs comprise wages and salaries as well as other staff-related costs.Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses relating to intangible assets comprise depreciation, amortisation and impairment losses for the financial year, and gains and losses from the sale of intangible assets.Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group enterprises, net capital or exchange losses on securities, payables and transactions in foreign currencies, amortisation of financial liabilities, and tax surcharge under the Danish Tax Prepayment Scheme etc.Tax on profit/loss for the yearThe current and deferred tax for the year is recognised in the income statement as tax on the profit/loss for the year with the portion attributable to the profit/loss for the year, and directly in equity with the portion attributable to amounts recognised directly in equity.Development projectsComprise development projects completed and in progress with related intellectual property rights, acquired intellectual property rights and prepayments for intangible assets.Development projects on clearly defined and identifiable products and processes, for which the technical rate of utilisation, adequate resources and a potential future market or development opportunity in the enterprise can be established, and where the intention is to manufacture, market or apply the product or process in question, are recognised as intangible assets. Other development costs are recognised as costs in the income statement as incurred. When recognising development projects as intangible assets, an amount equalling the costs incurred less deferred tax is taken to equity in the reserve for development costs that is reduced as the development projects are amortised and written down. ​ ​The cost of development projects comprises costs such as salaries and amortisation that are directly and indirectly attributable to the development projects. ​ ​Indirect production costs in the form of indirectly attributable staff costs and amortisation of intangible assets and depreciation of property, plant and equipment used in the development process are recognised in cost based on time spent on each project. Completed development projects are amortised on a straight-line basis using their estimated useful lives which are determined based on a specific assessment of each development project. If the useful life cannot be estimated reliably, it is fixed at 10 years. For development projects protected by intellectual property rights, the maximum period of amortisation is the remaining duration of the relevant rights. The amortisation periods used are 0-5 years. Development projects are written down to the lower of recoverable amount and carrying amount.ReceivablesRecieveables are measured at the amortised cost, which usually corresponds to the nominal value, less write-downs for bad debts. Write-downs for bad debts are determined bsaed on an individual assessment of each receivable if there is no objective evidence of individual impairment of a receivable.PrepaymentsPrepayments recognised under assets comprise costs incurred in respect of the subsequent financial years. CashCash includes deposits in bank account.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.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.Tax receivable or payableCurrent tax receivable or payable is recognised in the balance sheet, stated as tax computed on this year's taxable income, adjusted for prepaid tax.2024-03-19Ralf de Brujin