44093669 2024-02-01 2025-01-31 44093669 2024-02-01 2025-01-31 1 44093669 2024-02-01 2025-01-31 1 44093669 2024-02-01 2025-01-31 2 44093669 2024-02-01 2025-01-31 3 44093669 2023-05-31 2024-01-31 44093669 2025-01-31 44093669 2024-01-31 44093669 2024-02-01 2025-01-31 d:RetainedEarningsMember 44093669 2025-01-31 d:ContributedCapitalMember 44093669 2025-01-31 d:RetainedEarningsMember iso4217:DKK xbrli:pure Årsrapport Knud Højgaards Vej Erklæring om udvidet gennemgang Emil Damgaard Regnskabsklasse B 2860 Beierholm Langagervej 1 9220 Aalborg Ø København Ø 32895468 2025-07-16 Opinion Basis for Opinion 2024-01-31 2025-07-16 2023-05-31 2024-02-01 Danmark 2025-01-31 44093669 Veeva Systems Denmark ApS Sundkrogsgade 21 2100 9 København Beierholm Søborg true We have on this day presented the annual report for the financial year 01.02.24 - 31.01.25 for Veeva Systems Denmark ApS. The annual report is presented in accordance with the Danish Financial Statements Act. The financial statements have not been audited, and we declare that the relevant conditions have been met. In our opinion, the financial statements give a true and fair view of the company's assets, liabilities and financial position as at 31.01.25 and of the results of the company's activities for the financial year 01.02.24 - 31.01.25. We believe that the management's review includes a fair review of the matters dealt with in the management's review. The annual report is submitted for adoption by the general meeting. Kristine Bernice Diamond Jonathan Wade Faddis Liang Dong To the shareholder of Veeva Systems Denmark ApS We have conducted an extended review of the financial statements of Veeva Systems Denmark ApS for the financial year 01.02.24 - 31.01.25, which comprise income statement, balance sheet, statement of changes in equity and notes to the financial statements, including material accounting policy information. The financial statements are prepared in accordance with the Danish Financial Statements Act.Based on the work performed, in our opinion, the financial statements give a true and fair view of the company's financial position at 31.01.25 and of the results of the company's operations for the financial year 01.02.24 - 31.01.25 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 ‘Auditor’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 basis for conclusion. Management is responsible for the management’s review. Our conclusion on the financial statements does not cover the management’s review, and we do not express any form of assurance conclusion there on.In connection with our extended review of the financial statements, it is our responsibility to read the management’s review and in doing so consider whether the management’s review is materially inconsistent with the financial statements or our knowledge obtained during the extended review, or otherwise appears to be materially misstated.Moreover, it is our responsibility to consider whether the management’s review provides the information required by law and regulations.Based on the work we have performed, we conclude that the management’s review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in the management’s review. Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the 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 company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless management either intends to liquidate the company 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 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 inquiries to management and others within the company, as appropriate, analytical procedures, 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. Soeborg, Copenhagen Morten Alsted State Authorised Public Accountant mne34080 Primary activitiesThe company's activities comprise marketing and promoting its parent company’s industrial cloud solutions, as well as providing consulting and educational services in connection with these products. Development in activities and financial affairsThe income statement for the period 01.02.24 - 31.01.25 shows a profit of DKK 1,108,877 against DKK 522,360 for the period 31.05.23 - 31.01.24. The balance sheet shows equity of DKK 1,671,237. Subsequent eventsNo important events have occurred after the end of the financial year. 18302117 8651682 16806219 7931652 1495898 720030 106 0 65487 46750 1430517 673280 321640 150920 1108877 522360 1108877 522360 2601833 2887770 494489 31885 0 27365 3096322 2947020 851679 1265848 3948001 4212868 3948001 4212868 40000 40000 1631237 522360 1671237 562360 71064 190963 321640 150920 1884060 3308625 2276764 3650508 2276764 3650508 3948001 4212868 Figures in DKKContributed capitalRetained earnings Statement of changes in equity for 01.02.24 - 31.01.25 Balance as at 01.02.2440,000522,360Net profit/loss for the year01,108,877 Balance as at 31.01.2540,0001,631,237 1108877 40000 1631237 15010594 7161223 1056931 449472 70476 32258 668218 288699 10 7 The annual report is presented in accordance with the provisions of the Danish Financial Statements Act (Årsregnskabsloven) for enterprises in reporting class B with application of provisions for a higher reporting class. Basis of recognition and measurementIncome is recognised in the income statement as earned, including value adjustments of financial assets and liabilities. All expenses, including depreciation, amortisation, impairment losses and write-downs, are also recognised in the income statement.Assets are recognised in the balance sheet when it is probable that future economic benefits will flow to the company, and the value of such assets can be measured reliably. Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow from the company, and the value of such liabilities can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Subsequently, assets and liabilities are measured as described for each item below.On recognition and measurement, account is taken of foreseeable losses and risks arising before the date at which the annual report is presented and proving or disproving matters arising on or before the balance sheet date. Gross profitGross profit comprises revenue and other external expenses. 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. Other external expensesOther external expenses comprise costs relating to distribution, sales and advertising and administration, premises and bad debts to the extent that these do not exceed normal write-downs. Staff costsStaff costs comprise wages and salaries as well as other staff-related costs. Other net financialsInterest income and interest expenses etc. are recognised in other net financials. 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. ReceivablesReceivables are measured at amortised cost, which usually corresponds to the nominal value, less write-downs for bad debts.Write-downs for bad debts are determined based 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 subsequent financial years. CashCash includes deposits in bank account. Current and deferred taxCurrent tax payable and receivable is recognised in the balance sheet as tax computed on the basis of the taxable income for the year, adjusted for tax paid on account.Deferred tax liabilities and tax assets are recognised on the basis of all temporary differences between the carrying amounts and tax bases of assets and liabilities. However, deferred tax is not recognised on temporary differences relating to goodwill which is non-amortisable for tax purposes and other items where temporary differences, except for acquisitions, have arisen at the date of acquisition without affecting the net profit or loss for the year or the taxable income. In cases where the tax value can be determined according to different taxation rules, deferred tax is measured on the basis of management’s intended use of the asset or settlement of the liability.Deferred tax assets are recognised, following an assessment, at the expected realisable value through offsetting against deferred tax liabilities or elimination in tax on future earnings.Deferred tax is measured on the basis of the tax rules and at the tax rates which, according to the legislation in force at the balance sheet date, will be applicable when the deferred tax is expected to crystallise as current tax. PayablesShort-term financial payables are measured at amortised cost, normally corresponding to the nominal value of such payables. Other short-term payables are measured at net realisable value.