36020156 2024-01-01 2024-12-31 36020156 2024-01-01 2024-12-31 1 36020156 2024-01-01 2024-12-31 1 36020156 2024-01-01 2024-12-31 2 36020156 2024-01-01 2024-12-31 3 36020156 2024-01-01 2024-12-31 1 36020156 2023-01-01 2023-12-31 36020156 2024-12-31 36020156 2023-12-31 36020156 2023-12-31 fsa:ContributedCapitalMember 36020156 2023-12-31 fsa:RetainedEarningsMember 36020156 2024-01-01 2024-12-31 fsa:RetainedEarningsMember 36020156 2024-12-31 fsa:ContributedCapitalMember 36020156 2024-12-31 fsa:RetainedEarningsMember iso4217:DKK xbrli:pure Måns Ola Fornander Management's StatementThe Executive board and Board of Directors have today considered and adopted the Annual Report of Notisum ApS for the financial year 1 January – 31 December 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 December 2024 of the Company and of the results of the Company's operations for 2024.We recommend that the Annual Report be adopted at the Annual General Meeting. Copenhagen Måns Ola Fornander Björn Anders Pontus Bodelsson Charlotte Arup Per Magnus Hansson chairman To The Shareholders of Notisum ApS We have performed an extended review of the financial statements of Notisum ApS for the financial year 1 January 2024 - 31 December 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 under the Danish Financial Statements Act.Based on our work performed, in our opinion, the financial statements give a true and fair view of the company's financial position as at 31 December 2024 and of the results of the company's operations for the financial year 1 January 2024 - 31 December 2024 in accordance with the Danish Financial Statements Act. 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 accordancwith the Danish Financial Statements Act, and for such internal control as Management determines is necessary tenable 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 concbasis of accounting in preparing the financial statements unless Management either intends to liquidate the compor 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 in order to obtain limited assurance for our conclusion on the financial statements and in addition perform specifically required supplementary procedures to obtain further assurance for our conclusion.An extended review comprises procedures that primarily consist of making inquiries of Management and others within the Company, as appropriate, analytical procedures and the specifically required supplementary procedures as well as evaluation of the evidence obtained.The procedures performed in an extended review are less than those performed in an audit, and accordingly, we do not express an audit opinion on the financial statements. Søborg, inforevisionStatsautoriseret revisionsaktieselskab 19263096 John Richardt Søbjærg State Authorised Public Accountant mne35453 Notisum ApS Sankt Petri Passage 5, st. 1165 København K 36020156 Copenhagen Buddingevej 312 2860 Søborg 3123000 3178000 3315000 3661000 52000 35000 -245000 -518000 90000 39000 20000 9000 -175000 -488000 -38000 -107000 -137000 -380000 -137000 -380000 -137000 -380000 145000 188000 145000 188000 17000 27000 17000 27000 0 22000 0 22000 162000 236000 0 57000 2207000 0 821000 989000 623000 555000 0 4000 3651000 1606000 0 1675000 3651000 3281000 3812000 3517000 50000 50000 577000 714000 627000 764000 49000 13000 839000 292000 1147000 1032000 29000 447000 1121000 968000 3185000 2753000 3185000 2753000 3812000 3517000 50000 714000 764000 -137000 -137000 50000 577000 627000 true true The Financial Statements for 2024 are presented in DKK.Recognition and measurementRevenues 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.Recognition and measurement take into account predictable losses and risks occurring before the presentation of the Annual Report which confirm or invalidate affairs and conditions existing at the balance sheet date.Translation policiesDanish 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. Exchange diffe-rences 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.Income StatementRevenueRevenue consists of sale of subscriptions and is recognised in the income statement when all significant risks and rewards have been transferred to the buyer and when income can be reliably measured and is expected to be received.Goods for resaleGoods for consumables comprise the consumables consumed to achieve revenue for the year.Operating expensesOperating expenses comprise indirect production costs and expenses for premises, sales and distribution as well as office expenses, etc.Gross profit/lossWith reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a summary of ‘revenue’, ‘other operating income’, ‘goods for resale and ‘operating expenses’. Amortisation, depreciation and impairment lossesAmortisation, depreciation and impairment losses comprise amortisation, depreciation and impairment of intangible assets and property, plant and equipment.Financial income and expensesFinancial income and expenses are recognised in the income statement at the amounts relating to the financial year.Tax on profit/loss for the yearTax 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.The Company is jointly taxed with Karnov Group Holdco DK. The tax effect of the joint taxation is allocated to enter-prises in proportion to their taxable incomes.Balance SheetIntangible assetsCustomer relationshipsSeparately acquired customer relationships are shown at historical cost. Customer relationships acquired in a business combination are recognised at fair value at the acquisition date. Customer relationships have a finite useful life and are carried at cost less accumulated amortisation and impairment losses. Amortisation is calculated using the straight-line method to allocate the cost of customer relationships over their estimated useful lives of 5 years.Property, plant and equipmentProperty, 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 raised directly for financing the construction of property, plant and equipment are recognised in cost over the period of construction.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:Leasehold improvements 3-5 yearsDepreciation period and residual value are reassessed annually.Impairment of fixed assetsThe carrying amounts of intangible assets and property, plant and equipment are reviewed on an annual basis to de-termine whether there is any indication of impairment other than that expressed by amortisation and depreciation.If so, the asset is written down to its lower recoverable amount.ReceivablesReceivables are measured in the balance sheet at the lower of amortised cost and net realisable value, which corre-sponds to nominal value less provisions for bad debts.Contract work in progressContract work in progress regarding service is measured at selling price of the work performed calculated on the basis of the stage of completion. The stage of completion is measured by the proportion that the contract expenses incurred to date bear to the estimated total contract expenses. Where it is probable that total contract expenses will exceed total revenues from a contract, the expected loss is recognised as an expense in the income statement.Where the selling price cannot be measured reliably, the selling price is measured at the lower of expenses incurred and net realisable value.Payments received on account are set off against the selling price. The individual contracts are classified as receivables when the net selling price is positive and as liabilities when the net selling price is negative.PrepaymentsPrepayments comprise prepaid expenses concerning subscriptions.Deferred tax assets and liabilitiesDeferred 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 are measured at the value at which the asset is expected to be realised, either by elimination in taxon 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 recognisedin equity.Current tax receivables and liabilitiesCurrent 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.Trade payables and other liabilitiesTrade payables and other liabilities are recognised initially at fair value and subsequently amortised cost. The difference between cost and the nominal value is recognised in the statement of comprehensive income as an interest expense over the loan periode using the effective interest method.Deferred incomeDeferred income comprises payments received in respect of income in subsequent years. Principal activities of the CompanyThe Company's activities consist of consulting engineering, where the Company is specialized in the implementation of management systems within Environmental health and safety (EHS). Employee benefit expenses20242023DKK '000 DKK '000103001 Salaries and renumerationsSalary and other remuneration3.0013.18603003 Pension costsPensions253311103002 Costs for social chargesSocial charges 45 40103005 Other personel costsOther personnel costs 16 1243.315 3.661 5 5 Financial incomeExchange rate gains8070 Finance incomeIntercompany interest income1439Other financial income6809039 Financial expenses08001 Interest expenses externalExchange rate loss20920 9 Income tax0000 Corporate income taxCurrent tax for the year -29 -4471000 Change in tax allocation reserveCurrent deferred tax 68 55438107 Intangible assetsCustomer relationshipsCost at 1 January212Additions for the year0Cost at 31 December212Depreciation at 1 January25Depreciation for the year42Depreciation at 31 December67Net book value at 31 December 2024145 Property, plant and equipment Leasehold improvements Cost at 1 January50Additions for the year0Disposals for the year0Cost at 31 December50Depreciation at 1 January23Depreciation for the year10Disposals for the year0Depreciation at 31 December33Net book value at 31 December 202417 Contract work in progress20242023DKK '000 DKK '000Work in progress057057 ContingenciesNotisum ApS are jointly and severally liable for tax on the jointly taxed incomes etc of controlled Danish entities in the Karnov Group. Administration of the jointly taxed entities is managed by Karnov Group Holdco DK ApS. Moreover, the Danish group companies are jointly and severally liable for Danish withholding taxes by way of dividend tax, tax on royalty payments and tax on unearned income. Any subsequent adjustments of corporation taxes and withholding taxes may increase the Company's liability.Rental and lease obligations from operating leases.Within 1 year019Between 1 and 5 years00More than 5 years00019 Related partiesThe company is incorporated in the consolidated financial statements for Karnov Group with ultimate parent company Karnov Group AB (corp.id. 559016-9016) located in Stockholm. The consolidated financial statement of Karnov Group can be downloaded from www.karnovgroup.com. Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2024-01-01 2024-12-31 2023-01-01 2023-12-31 2025-06-12 Reporting class B 2025-06-12 36020156 Notisum ApS Sankt Petri Passage 5, st. 1165 København K Opinion Basis for Opinion 2024-05-06