Årsrapport 30700228 EY Godkendt Revisionspartnerselskab Cortex Park Vest 3 5230 Odense M 2024-01-01 2024-12-31 2023-01-01 2023-12-31 39065266 Kara Connect ApS Store Kongensgade 65 A, 1. 1264 København K 2017-11-06 København EY Godkendt Revisionspartnerselskab 30700228 Cortex Park Vest 3 5230 Odense M 2025-06-13 Thorbjôrg Helga Vigfúsdóttir Regnskabsklasse B Andre erklæringer uden sikkerhed true true 2025-06-13 2025-06-13 CaseWare Working Papers Copenhagen Thorbjôrg Helga Vigfúsdóttir Halldór Bjarkar Lúövigsson Chairman Patrick Guy F. de Muynck Odense Morten Schougaard Sørensen State Authorised Public Accountant mne32129 1624 -2478 17818 1651 240 247166 19202 -247993 19202 -247993 2661038 9872353 2661038 9872353 2661038 9872353 40000 40000 0 0 -6605 -25807 33395 14193 2627467 9839682 176 18478 2627643 9858160 2627643 9858160 2661038 9872353 40000 160000 62186 0 -160000 160000 -247993 40000 0 -25807 19202 40000 0 -6605 Today, the Board of Directors and the Executive Board have discussed and approved the annual report of Kara Connect ApS for the financial year 1 January - 31 December 2024. The annual report, which has not been audited, has been prepared in accordance with the provisions of the Danish Financial Statements Act. The Board of Directors and the Executive Board have considered the criteria for omission of audit to be met. In our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2024 and of the results of the Company's operations for the financial year 1 January - 31 December 2024. Further, in our opinion, the Management's review gives a fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the annual general meeting. To the general management of Kara Connect ApS We have compiled the financial statements of Kara Connect ApS for the financial year 1 January - 31 December 2024 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 purpose is to market and sell a functional IT platform named Kara, which provides access to a wide range of therapeutic help, support or expertise. The income statement for 2024 shows a profit of DKK 19,202 against a loss of DKK 247,993 last year, and the balance sheet at 31 December 2024 shows equity of DKK 33,395. No events materially affecting the Company's financial position have occurred subsequent to the financial year-end. The annual report of Kara Connect ApS for 2024 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). On initial recognition, transactions denominated in foreign currencies are translated at the exchange rate at the transaction date. Foreign exchange differences arising between the exchange rates at the transaction date and the date of payment are recognised in the income statement as financial income or financial expenses. Receivables and payables and other monetary items denominated in foreign currencies are translated at the exchange rate at the balance sheet date. The difference between the exchange rates at the balance sheet date and the date at which the receivable or payable arose or was recognised in the most recent financial statements is recognised in the income statement as financial income or financial expenses. The items revenue, other operating income 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 operating income comprise items secondary to the principal activities of the Company, including rental income from the temporary lease out of production facilities, compensation, government grants, refund of wages and salaries, gains on the disposal of intangible assets and property, plant and equipment, etc. Compensation and grants are recognised when there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received. Other external expenses include the year's expenses relating to the Company's core activities, including expenses relating to distribution, sale, advertising, administration, premises, bad debts, payments under operating leases, etc. Financial expenses are recognised in the income statements at the amounts that concern the financial year. Net financials include interest 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. Receivables are measured at amortised cost. Other payables Other payables are measured at net realisable value. The Company has no employees. The Company has no contractual obligations or contingencies at 31 December 2024. The Company has not provided any security or other collateral in assets at 31 December 2024. 39065266 2024-01-01 2024-12-31 39065266 2023-01-01 2023-12-31 39065266 2023-12-31 39065266 2024-12-31 39065266 2024-01-01 2024-12-31 1 39065266 2024-01-01 2024-12-31 2 39065266 2024-01-01 2024-12-31 1 39065266 2024-01-01 2024-12-31 1 39065266 2023-01-01 e:ContributedCapitalMember 39065266 2023-01-01 2023-12-31 e:ContributedCapitalMember 39065266 2024-01-01 e:ContributedCapitalMember 39065266 2024-12-31 e:ContributedCapitalMember 39065266 2024-01-01 e:SharePremiumMember 39065266 2024-12-31 e:SharePremiumMember 39065266 2023-01-01 e:SharePremiumMember 39065266 2023-01-01 2023-12-31 e:SharePremiumMember 39065266 2024-01-01 e:RetainedEarningsMember 39065266 2024-01-01 2024-12-31 e:RetainedEarningsMember 39065266 2024-12-31 e:RetainedEarningsMember 39065266 2023-01-01 e:RetainedEarningsMember 39065266 2023-01-01 2023-12-31 e:RetainedEarningsMember iso4217:DKK