36198273 2024-01-01 2024-12-31 36198273 2024-12-31 36198273 2023-01-01 2023-12-31 36198273 2023-12-31 36198273 2024-01-01 2024-12-31 1 36198273 2024-01-01 2024-12-31 36198273 2024-01-01 2024-12-31 1 iso4217:DKK xbrli:pure 2024-01-01 2024-12-31 2025-07-15 2025-07-15 2025-07-15 København K inforevision statsautoriseret revisionsaktieselskab 2860 Søborg Samlino.dk ApS Buddingevej 312 Sølvgade 10, 1.th. 1307 Søborg 36198273 2023-01-01 2023-12-31 The company's primary activities were to facilitate trade via the Internet and activities in connection here to. The results of the company's activities in the financial year amounted to a profit/loss of DKK -18.325.685 against DKK 1.196.785 in last financial year. The equity at the balance sheet date amounted to DKK -1.881.765. Management is currently in dialogue with potential investors in order to continue the business. Based on these current discussions, it is Management's assessment that an agreement will be made with several investor, which will secure adequate liquidity to continue the Company’s operations and to pay the liabilities of the company as they fall due. On this basis Managment has prepared the financial statements on a going concern basis. However, Management also notes that this assessment is subject to material uncertainty, which may cast significant doubt on the Company’s ability to continue as a going concern. The Executive Board have today considered and adopted the annual report for 1 January 2024 - 31 December 2024 for Samlino.dk ApS. The annual report is prepared in accordance with the Danish Financial Statements Act. In my opinion, the financial statements give a true and fair view of the the company's financial position at 31 December 2024 and of the results of its operations for the financial year 1 January 2024 - 31 December 2024. I believe that the Management's review contains a fair review of the affairs and conditions referred to therein. I recommend that the annual report be adopted at the Annual General Meeting. To the shareholder in Samlino.dk ApS We have audited the financial statements of Samlino.dk ApS for the financial year 1 January 2024 - 31 December 2024, which comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes. The financial statements are prepared under the Danish Financial Statements Act. 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 audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the "Auditor’s responsibilities for the audit of the financial statements" section of this auditor’s report. We are independent of the company in accordance with the International Ethics Standards Board of Accountants' Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Without modifying our conclusion, we draw the attention to note 1 in the annual report, where the management explains the expected capital injections and the written support letter from the parent company, which is a condition of the company’s continuation of its business. Our opinion is not modified in respect of this matter. We draw the attention to note 2 in the annual report, where it appears, that there is significant uncertainty about the value of the company's development costs. Our opinion is not modified in respect of this matter. 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 company's ability to continue as a going concern, for disclosing, as applicable, matters related to going concern, and for 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 objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.Conclude on the appropriateness of Management’s use of the going concern basis of accounting in preparing the financial statements, and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern.Evaluate the overall presentation, structure and content of the financial statements, including the disclosures in the notes, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Management is responsible for Management’s Review.Our opinion on the financial statements does not cover Management’s Review, and we do not express any form of assurance conclusion thereon.In connection with our audit of the financial statements, our responsibility is to read Management’s Review and, in doing so, consider whether Management’s Review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.Moreover, it is our responsibility to consider whether Management’s Review provides the information required under the Danish Financials Statements Act.Based on the work we have performed, in our view, 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 Management’s Review. The annual report has been prepared in accordance with Danish financial statement legislation as well as generally accepted accounting principles. The annual report has been prepared in accordance with the provisions of the Danish Financial Statements Act governing Reporting class B.Some provisions from reporting class C has been adopted.The accounting policies have not been changed from last year. The financial statements have been prepared based on historical cost.The income is 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.Certain financial assets and liabilities are measured at amortised cost, which involves the recognition of a constant effective interest rate over the maturity period. Amortised cost is calculated as original cost less any repayments and with addition/deduction of the cumulative amortisation of any difference between cost and the nominal amount. In this way, capital losses and gains are allocated over the maturity period.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.The functional currency is Danish Kroner. All other currencies are considered foreign currencies. During the year, transactions in foreign currencies have been translated applying the exchange rate at the transaction date. If currency positions are considered hedge of future cash flows, the value adjustments are recognised directly in equity.Receivables and debt denominated in foreign currencies have been recognised at the exchange rate of the balance sheet date.Realised and unrealised exchange gains and losses have been recognised in the income statement under other financial income and expenses. Gross profit/loss includes "Revenue""Cost of sales""Own work capitalised""Other operating income""External expenses". As income recognition criterion, the production criterion is applied so that revenue comprises the invoiced revenue for the year reduced by prepayments and with addition for work in progress measured at market value. Revenue is measured at fair value excl. VAT and less granted discounts. Own work capitalised comprises work performed in the financial year on own assets which is capitalised as intangible assets. The basis of measurement is cost and comprise staff costs. Cost of sales comprise expenses incurred to earn revenue for the year. Other operating income comprises income of a secondary nature as viewed in relation to the company's primary activities, including payments received from public authorities as well as profit on sale of fixed assets. External expenses comprises Selling costsCost of premisesAdministrative expenses. Staff costs include wages and salaries including holiday pay and pensions and other social security costs etc. to the company's employees. Financial expenses is recognised with amounts concerning the the financial year. Financial expenses comprise interest, realised and unrealised exchange losses, as well as interest surcharge under the Danish Tax Prepayment Scheme. The balance sheet has been presented in account form. Intangible assets are measured at cost less accumulate amortisation. Cost comprises the acquisition price as well as costs directly related to the acquisition until the time when the asset is ready to be put into operation. 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 company 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 not meeting the criteria for capitalisation are recognised as costs in the income statement as incurred.For own-developed development projects, capitalised after 1 January 2016 the carrying amount less deferred tax is transferred from "Retained earnings" to "Reserve for development expenditure" under equity. Carrying amounts which exist as a consequence of purchases of assets or enterprises' are not taken into the reserve. Assets are amortised on a straight-line basis over their estimated useful lives:Category Period Patents originating from development projects 10 years As the intangible assets are not being traded in an active and effective market, no residual values after end of use are included when determining the amortisation period.Profit/loss on sale has been included in the income statement under other operating income and other operating expenses.The carrying amounts of intangible assets are reviewed annually for indication of impairment for losses, apart from what is expressed by usual amortisation. If this applies, impairment for loss is made of each asset or group of assets, respectively, to lower recoverable amount. As recoverable amount, the higher of expected net selling price and net present value is applied. The net present value is calculated as the present value of the expected cash flows from the use of the asset or the group of assets.Impairment for loss for the year is recognised in the income statement as amortisation, depreciation and impairment for loss of property, plant and equipment and intangible assets. Property, plant and equipment are measured at cost less accumulate depreciation. The basis of depreciation is cost less estimated residual value after the end of useful life. Cost comprises the acquisition price as well as costs directly related to the acquisition until the time when the asset is ready to be put into operation. The costprice for an asset is divided into separate components, that are depreciated separately, if the useful life of the individual components is significantly different. Depreciation is initiated when the assets are ready to be taken into operation. Assets are depreciated on a straight-line basis over their estimated useful lives with following residual values:Category Period Residual value Fixtures, fittings, tools and equipment 3 years 0% Minor purchases with useful lives below one year have been recognised as an expense in the income statement in external expenses.Profit/loss on sale or retirement has been included in the income statement under other operating income and other operating expenses.The carrying amounts of property, plant and equipment are reviewed annually for indication of impairment for losses, apart from what is expressed by usual depreciation. If this applies, impairment for loss is made of each asset or group of assets, respectively, to lower recoverable amount. As recoverable amount, the higher of expected net selling price and net present value is applied. The net present value is calculated as the present value of the expected cash flows from the use of the asset or the group of assets.Impairment for loss for the year is recognised in the income statement as amortisation, depreciation and impairment for loss of property, plant and equipment and intangible assets. Receivables are measured in the balance sheet at the lower of amortised cost and net realisable value, which corresponds to nominal value less provisions for bad debts. Provisions for bad debts are determined on the basis of an individual assessment of each receivable. Prepayments comprise costs incurred relating to subsequent financial years. Reserve for development expenditure comprise capitalised development expenses from 1 January 2016. The reserve cannot be used for dividends or for elimination of negative retained earnings. The reserve is reduced or dissolved due to amortisation or divestment by transferring the amount from the reserve to retained earnings.Dividend distribution proposed by Management for the year is disclosed as a separate equity item. Deferred tax is measured using the balance sheet liability method. Provision has been made for deferred tax by 22% on all temporary differences between carrying amount and tax-based value of assets and liabilities. Deferred tax is also measures with respect of the planned use of the asset and the settlement of the liability. The tax value of the tax losses to be carried forward are included in the calculation of deferred taxes if it is probable that the losses can be used. Deferred tax assets are measured at net realisable value.The company is jointly taxed with other Danish group enterprises with Samlino Group A/S as Management company. The tax effect of the joint taxation is allocated among the group enterprises in ratio to their taxable income according to the rules on full allocation with a refund for tax losses of the Danish Corporation Tax Act. Joint tax contributions between the jointly taxed companies which have not been settled at the balance sheet date are classified as joint tax contributions in receivables or liabilities other than provisions. Short-term debts are measured at amortised cost, substantially corresponding to nominal value. Deferred income comprise income received relating to subsequent financial years. 6204344 7336406 8027514 3814416 16165681 2002346 -17988851 1519644 336834 322859 -18325685 1196785 0 0 -18325685 1196785 -18325685 1196785 5635918 18884353 5635918 18884353 39290 35562 39290 35562 5675208 18919915 671613 1910148 455908 0 175117 740252 1302638 2650400 4281 1321350 1306919 3971750 6982127 22891665 400000 400000 4396017 14729795 -6677782 1314125 -1881765 16443920 3439573 1663009 16630 164416 3456203 1827425 2287770 2686833 950728 30134 1856983 1903353 312208 0 5407689 4620320 8863892 6447745 6982127 22891665 STATEMENT OF CHANGES IN EQUITY Contributed capital Reserve for development expenditure Retained earnings Total DKK DKK DKK DKK Equity at 1 January 2023 400.000 14.122.672 724.463 15.247.135 Distributed profit/loss for the year 1.196.785 1.196.785 Transferred to reserve for development expenditure for the year 607.123 -607.123 0 Equity at 1 January 2024 400.000 14.729.795 1.314.125 16.443.920 Distributed profit/loss for the year 0 -18.325.685 -18.325.685 Transferred to reserve for development expenditure for the year -10.333.778 10.333.778 0 Equity at 31 December 2024 400.000 4.396.017 -6.677.782 -1.881.765 The company have issued share options to a former CEO that can be subscriped in the company at a nominal amount of up to  8,000.  GOING CONCERN In accordance with the budget for 2024 and expectations, the company has continued its ongoing development activities during the financial year.   In accordance with the budget for 2025 and the related expectations, the company has continued its ongoing development activities during the financial year. The company’s liquidity forecasts for 2025 indicate that, in the second half of 2025, there will be a need for a loan or a capital injection of at least DKK 3.5 million. This already takes into account a cost-reducing strategy. At the time of financial reporting, the company’s management has initiated a dialogue with existing and potential new shareholders regarding the contribution of the necessary capital, and there are no indications that this will not be effectuated. However, Management also notes that this assessment is subject to material uncertainty, which may cast significant doubt on the company´s ability to continue as a going concern.  The capital contribution for the group is expected to be made in Samlino Group A/S, which is why Samlino Group A/S has issued a letter intending to support the company until 31 December 2025. In the period from 1 January to 30 June 2025, Samlino Group has contributed DKK 5 million to the company. Management is of the opinion that the loan or capital contribution will be effectuated, thereby enabling continued operations. On this basis the Management has prepared the financial statements on a going concern basis.  UNCERTAINTY RELATING TO RECOGNITION AND MEASUREMENT The company have recognized development project for DKK thousand 5.636. The recognition is based on the expected positive operating results in the coming years and is consequently inherent with uncertainty. The expectation of positive operating profits in the coming years is based on expected future earnings as a result of the expansion in the market. 7902220 3689858 48017 17069 77277 107489 13 5 STAFF COSTS 2024 2023 DKK DKK Wages and salaries 7.902.220 3.689.858 Other social security costs 48.017 17.069 Other staff cost 77.277 107.489 Total 8.027.514 3.814.416 Average number of full-time employees 13 5 271592 9780 65242 313079 FINANCE EXPENSES 2024 2023 DKK DKK Financial expenses to group enterprises 271.592 9.780 Other financial expenses 65.242 313.079 Total 336.834 322.859 INTANGIBLE ASSETS Patents originating from development projects Total 2023 DKK DKK DKK Cost at 1 January 2024 22.562.482 22.562.482 19.803.745 Additions for the year 2.895.056 2.895.056 2.758.737 Cost at 31 December 2024 25.457.538 25.457.538 22.562.482 Amortisation and impairment losses at 1 January 2024 -3.678.129 -3.678.129 -1.697.755 Amortisation for the year -1.940.211 -1.940.211 -1.980.374 Impairment losses for the year -14.203.280 -14.203.280 0 Amortisation and impairment losses at 31 December 2024 -19.821.620 -19.821.620 -3.678.129 Carrying amount at 31 December 2024 5.635.918 5.635.918 18.884.353 The development projects consist of the development of the Samlino.dk site, which is a marketplace that connects consumers with banks, insurance companies, telecom providers, etc. in the industry. Our IT development efforts consist of optimizing and improving the platform experience and constantly adding more partners. The systems contribute to the progress in the revenue for new and existing customers. PROPERTY, PLANT AND EQUIPMENT Fixtures, fittings, tools and equipment Total 2023 DKK DKK DKK Cost at 1 January 2024 171.911 171.911 138.689 Additions for the year 25.917 25.917 33.222 Cost at 31 December 2024 197.828 197.828 171.911 Depreciation and impairment losses at 1 January 2024 -136.349 -136.349 -114.376 Depreciation for the year -22.189 -22.189 -21.973 Depreciation and impairment losses at 31 December 2024 -158.538 -158.538 -136.349 Carrying amount at 31 December 2024 39.290 39.290 35.562 LONG-TERM LIABILITIES 31‑12‑2024 31‑12‑2023 DKK DKK Liabilities in total: Payables to group enterprises 3.439.573 1.663.009 Other payables 16.630 164.416 Total 3.456.203 1.827.425 ASSETS CHARGED AND COLLATERAL 2024 Nominal value of the collateral/debt Booked value of assets deposited as security DKK DKK Company pledges in the Company's property, plant and equipment / intangible assets / trade receivables as security for accounts with external funds. 11.150.000 6.346.821 CONTINGENT ASSETS 2024 2023 DKK DKK Unrecognised deferred tax assets due to tax losses carried forward and tax depreciation below accounting depreciation on fixtures, fittings, tools and equipment 10.113.152 6.038.799 CONTINGENT LIABILITIES Samlino.dk ApS are jointly taxed with other group companies and are severally liable for tax on the jointly taxed incomes etc. of the group. Moreover, the group companies are jointly and severally liable for Danish withholding taxes by way of tax on interest, dividend tax and tax on royalty payments. Any subsequent adjustments of corporation taxes and withholding taxes may increase the the company's liability. GROUP RELATIONS The company is included in the consolidated report for the parent company   <b>The largest group:</b> Samlino Group A/S - København K   The consolidated report of the parent company may be obtained through "Det Centrale Virksomhedsregister" - at the website www.cvr.dk. Grundlag for konklusion Konklusion Regnskabsklasse B Årsrapport Revisionspåtegning Vera Peixoto Administrerende Direktør Vera Peixoto mne36161 Michael Dam-Johansen inforevision statsautoriseret revisionsaktieselskab 19263096 19263096