iso4217:DKK422512912023-01-012023-12-31422512912023-01-012023-12-311422512912023-01-012023-12-311422512912023-01-012023-12-31422512912022-01-012022-12-31422512912023-01-012023-12-31fsa:RetainedEarningsMember422512912023-12-31422512912022-12-31422512912023-01-01fsa:ContributedCapitalMember422512912023-01-01fsa:RetainedEarningsMember422512912023-01-01422512912023-12-31fsa:ContributedCapitalMember422512912023-12-31fsa:RetainedEarningsMember2024-06-262024-06-26true339635562022-01-012022-12-318600Silkeborg26PapirfabrikkenDeloitte Statsautoriseret RevisionspartnerselskabDragørDragør2791Regnskabsklasse BAndre erklæringer uden sikkerhed2023-12-312023-01-01<br /><br />36JægervejProgramIT Holding ApS42251291339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapportThe Executive Board has today considered and approved the annual report of ProgramIT Holding ApS for the financial year 01.01.2023 - 31.12.2023. 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 31.12.2023 and of the results of its operations for the financial year 01.01.2023 - 31.12.2023.I believe that the management commentary contains a fair review of the affairs and conditions referred to therein.I consider the preconditions for not auditing the financial statements for the financial year 01.01.2023 - 31.12.2023 to be complied with.I recommend the annual report for adoption at the Annual General Meeting.CopenhagenJonas Skytte ThordalTo Management of ProgramIT Holding ApSWe have compiled the financial statements of ProgramIT Holding ApS for the financial year 01.01.2023 - 31.12.2023 based on the Entity’s bookkeeping records and other information Management has provided. ​ ​These financial statements comprise the income statement, balance sheet, statement of changes in equity, notes and a summary of significant 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 Management in the preparation ​and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant provisions of the Danish Public Accountants Act and the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code), including principles of integrity, objectivity, professional competence and due care. These financial statements and the accuracy and completeness of the information used to compile the financial ​statements are Management’s responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy ​or completeness of the disclosures Management provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion about whether the financial statements ​have been prepared in accordance with the Danish Financial Statements Act. SilkeborgRasmus Volert Madsenmne45822State Authorised Public AccountantPrimary activitiesThe purpose of the company is to own ownership interests in other companies as well as other investments at the management's discretion. Development in activities and financesThe shareholder of the Entity has indicated that he will financially support the company as necessary for the Entity to fulfill its obligations. Reference is made to note 1.Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.-7613-99502159635936-29209-45886-29209-29209-45886514388005270625143885270625143885270627789217857789217855221775488474000040000-87110-57901-47110-1790140000-57901-1790140000-8711055551556299855551556299837503750100220137723750569287566748522177548847The Entity is subject to the rules of the Danish Companies Act on capital losses due to the loss of equity. The management expects to reestablish the equity through capital contribution from the owner or realized profits in other investments.1 Going concernThe shareholder of the Entity has indicated that he will financially support the company as necessary for the Entity to fulfill its obligations. On the basis hereof the annual report is presented under the assumption of going concern.2 Financial assetsInvestments in associates DKKTransfers527,062Additions14,388Disposals(27,062)Cost end of year514,388Carrying amount end of year514,388Investments consists of shares in Weld Technologies ApS, and are measured at cost value. Investments in associatesRegistered inCorporate formEquity ​interest ​%Equity DKKProfit/loss DKKWeld Technologies ApSDenmarkApS38.11(10,564,078)(6,984,061)3 EmployeesThe Entity has no employees other than the Executive Board. The Executive Officer has not received any remuneration.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.The accounting policies applied to these financial statements are consistent with those applied last year.falseRecognition 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.Gross profit or lossGross profit or loss comprises of external expenses.Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including administration costs.Other financial expensesOther financial expenses comprise of interest expenses.Investments in associatesInvestments in associates are measured at cost. Investments are written down to the lower of recoverable amount and carrying amount.Investments in associates fall within the definitions of both participating interests and associates, yet in the financial statements they have been presented as investments in associates because this designation reflects more accurately the Company’s involvement in the relevant entities. Other investmentsOther investments comprise unlisted equity investments measured at the lower of cost and net realisable value.CashCash comprises bank deposits.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.2024-06-26Jonas Skytte Thordal