Årsrapport Michael Paul Forman 2024-06-26 Revisionspåtegning Regnskabsklasse C, mellemstor virksomhed Beierholm Langagervej 1 9220 Aalborg Ø 2022-02-01 2023-01-31 2023-02-01 2024-01-31 37684236 Humio ApS Skovvejen 2 8000 Aarhus C Aarhus Beierholm 32895468 Tangen 9 8200 Aarhus N Danmark true true We have on this day presented the annual report for the financial year 01.02.23 - 31.01.24 for Humio ApS. The annual report is presented in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the company's assets, liabilities and financial position as at 31.01.24 and of the results of the company's activities and cash flows for the financial year 01.02.23 - 31.01.24. 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. Aarhus C 2024-06-26 Michael Paul Forman Nandan Pulinbehari Jhaveri Yizhen Huang To the capital owner of Humio ApS Opinion We have audited the financial statements of Humio ApS for the financial year 01.02.23 - 31.01.24, which comprise income statement, balance sheet, statement of changes in equity, cash flow statement and notes to the financial statements, including significant accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. In our opinion the financial statements give a true and fair view of the company's financial position at 31.01.24 and of the results of the company's operations and cash flows for the financial year 01.02.23 - 31.01.24 in accordance with the Danish Financial Statements Act. Basis for Opinion We conducted our audit in accordance with International Standards on Auditing (ISAs) and the 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 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 audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Management is responsible for the management’s review. Our opinion on the financial statements does not cover the management’s review, and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, it is 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 Financial Statements Act. 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 of the management’s review. 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, 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 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 judgment 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 contents of the financial statements, including the disclosures, 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. Aarhus 2024-06-26 Helle Damsgaard Jensen State Authorized Public Accountant mne33690 2189106000 2049163000 14212000 1610385000 1907725000 0 4189000 9525000 1868458000 2 180 70 98 98 Primary activities The company's activities comprise developing and selling IT-software. Development in activities and financial affairs The income statement for the period 01.02.23 - 31.01.24 shows a profit/loss of DKK 31,015k against DKK 35,193k for the period 01.02.22 - 31.01.23. The balance sheet shows equity of DKK 35,696k. The company has seen a full year of regular operations after the takeover and the year has gone as expected. The management considers the net profit for the year to be satisfactory. The earnings expectations for the financial year 01.02.23 - 31.01.24 were a net profit of DKK 45.000 - 50.000k. The objective was met primarily. Outlook The company expects a profit before tax in the region of DKK 16.000-17.000k for the coming year. The company's investments in the expansion of the distribution network are expected to be fully realised in the coming year and contribute to improved results. Subsequent events No important events have occurred after the end of the financial year. 168365000 245334000 144821000 212121000 4941000 4071000 18603000 29142000 24722000 27385000 301000 197000 43024000 56330000 12009000 21137000 31015000 35193000 205000 580000 4008000 8746000 4213000 9326000 0 1874627000 1825000 1761000 1825000 1876388000 6038000 1885714000 0 3331000 3276000 7861000 748000 0 596000 738000 2276000 1679000 6896000 13609000 37976000 49025000 44872000 62634000 50910000 1948348000 62000 62000 35634000 1903589000 35696000 1903651000 0 2580000 0 2580000 664000 673000 6015000 5506000 4893000 26589000 0 1876000 3642000 4142000 0 3331000 15214000 42117000 15214000 44697000 50910000 1948348000 -1898970000 31015000 62000 35634000 -7471000 -1980000 2811000 11165000 509000 2073000 -25526000 3870000 1338000 50321000 24722000 27385000 -301000 -197000 -9876000 -7290000 15883000 70219000 0 -4189000 0 -4189000 -1898970000 0 -2589000 -2390000 1874627000 -27385000 -26932000 -29775000 -11049000 36255000 49025000 12770000 37976000 49025000 37976000 49025000 140388000 207736000 3801000 3242000 7000 0 625000 1143000 0 0 90 77 23962000 27385000 760000 0 37000 25000 162000 172000 102000 0 12009000 21137000 1898970000 0 -1867955000 35193000 1054000 13512000 1054000 13512000 -474000 -4766000 -375000 -4738000 -849000 -9504000 205000 4008000 0 792000 1761000 64000 1825000 1825000 Share capital 61733 62 7860000 20159000 -4584000 -12299000 4941000 4071000 -24722000 -27385000 301000 197000 12009000 21137000 The annual report is presented in accordance with the provisions of the Danish Financial Statements Act (Årsregnskabsloven) for medium-sized enterprises in reporting class C. Income 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. The annual report is presented in Danish kroner (DKK). On initial recognition, transactions denominated in foreign currencies are translated using the exchange rates applicable at the transaction date. Exchange rate differences between the exchange rate applicable at the transaction date and the exchange rate at the date of payment are recognised in the income statement as a financial item. Receivables, payables and other monetary items denominated in foreign currencies are translated using the exchange rates applicable at the balance sheet date. The difference between the exchange rate applicable at the balance sheet date and at the date at which the receivable or payable arose or was recognised in the latest annual report is recognised under financial income or expenses in the income statement. Fixed assets and other non-monetary assets acquired in foreign currencies are translated using historical exchange rates. Leases relating to assets where the company has substantially all the risks and benefits incidental to the ownership of the asset (finance leases) are recognised in the balance sheet. On initial recognition, assets held under finance leases and related lease commitments are measured at the lower of the fair value of the leased asset and the present value of future lease payments. Subsequently, assets held under finance leases are treated like other similar assets. Lease commitments relating to assets held under finance leases are recognised in the balance sheet as payables. Subsequent to initial recognition, lease commitments are measured at amortised cost according to which the interest element of the lease payment is recognised in the income statement over the lease term. Lease payments relating to operating leases are recognised in the income statement on a straight-line basis over the lease term. Gross profit comprises revenue and cost of sales and other external expenses. Income from the sale of services is recognised in the income statement in line with completion of services, which means that revenue corresponds to the selling price of the work performed for the year stated on the basis of the stage of completion at the balance sheet date (percentage of completion method). Cost of sales comprises cost of sales for the year measured at cost plus any changes in inventories, including write-downs to the extent that these do not exceed normal write-downs. Other 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 costs comprise wages and salaries as well as other staff-related costs. The depreciation and amortisation of intangible assets and property, plant and equipment aim at systematic depreciation and amortisation over the expected useful lives of the assets. Assets are depreciated and amortised according to the straight-line method based on the following expected useful lives and residual values: The basis of depreciation and amortisation is the cost of the asset less the expected residual value at the end of the useful life. Moreover, the basis of depreciation and amortisation is reduced by any impairment losses. The useful life and residual value are determined when the asset is ready for use and reassessed annually. Intangible assets and property, plant and equipment are impaired in accordance with the accounting policies referred to in the ‘Impairment losses on fixed assets’ section. Interest income and interest expenses, the interest element of finance lease payments, foreign exchange gains and losses on transactions denominated in foreign currencies etc. are recognised in other net financials. The 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. Property, plant and equipment comprise leasehold improvements as well as other fixtures and fittings, tools and equipment. Property, plant and equipment are measured in the balance sheet at cost less accumulated depreciation and impairment losses. Cost comprises the purchase price and expenses resulting directly from the purchase until the asset is ready for use. Interest on loans arranged to finance production is not included in the cost. Property, plant and equipment are depreciated using the straight-line method based on useful lives and residual values, which are stated in the ‘Depreciation, amortisation and impairment losses' section. Gains and losses on the disposal of property, plant and equipment are determined as the difference between the selling price, if any, less selling costs and the carrying amount at the date of disposal less any costs of disposal. The carrying amount of fixed assets which are not measured at fair value is assessed annually for indications of impairment over and above what is reflected in depreciation and amortisation. If the company's realised return on an asset or a group of assets is lower than expected, this is considered an indication of impairment. If there are indications of impairment, an impairment test is conducted of individual assets or groups of assets. The assets or groups of assets are impaired to the lower of recoverable amount and carrying amount. The higher of net selling price and value in use is used as the recoverable amount. The value in use is determined as the present value of expected net cash flows from the use of the asset or group of assets as well as expected net cash flows from the sale of the asset or group of assets after the expiry of their useful lives. Impairment losses are reversed when the reasons for the impairment no longer exist. Receivables 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. Deposits recognised under assets comprise deposits paid to the lessor under leases entered into by the company. Prepayments recognised under assets comprise costs incurred in respect of subsequent financial years. Cash includes deposits in bank account. Current 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. Short-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. Deferred income under liabilities comprises payments received in respect of income in subsequent financial years. The cash flow statement is prepared using the indirect method, showing cash flows from operating, investing and financing activities as well as cash and cash equivalents at the beginning and end of the year. Cash flows from operating activities comprise the net profit or loss for the year, adjusted for non-cash operating items, income tax paid and changes in working capital. Cash flows from investing activities comprise payments in connection with the acquisition and divestment of companies and financial assets as well as the purchase, development, improvement and sale of intangible assets and property, plant and equipment. Cash flows from financing activities comprise changes in the company's share capital and associated costs and financing from and dividends paid to shareholders as well as the arrangement and repayment of long-term payables. Cash flows from financing activities also comprise finance lease payments. Cash and cash equivalents at the beginning and end of the year comprise cash. Ratios definitions Return on equity: Profit/loss for the year x 100 Average equity Solvency ratio: Equity, end of year x 100 Total assets Figures in DKK '000 Share capital Retained earnings Total equity Statement of changes in equity for 01.02.23 - 31.01.24 Balance as at 01.02.23 62 1,903,589 1,903,651 Extraordinary dividend paid 0 -1,898,970 -1,898,970 Net profit/loss for the year 0 31,015 31,015 Balance as at 31.01.24 62 35,634 35,696 6. Property, plant and equipment Figures in DKK '000 Leasehold improvements Other fixtures and fittings, tools and equipment Cost as at 01.02.23 1,054 13,512 Cost as at 31.01.24 1,054 13,512 Depreciation and impairment losses as at 01.02.23 -474 -4,766 Depreciation during the year -375 -4,738 Depreciation and impairment losses as at 31.01.24 -849 -9,504 Carrying amount as at 31.01.24 205 4,008 Carrying amount of assets held under finance leases as at 31.01.24 0 792 31.01.24 31.01.23 DKK '000 DKK '000 8. Prepayments Prepaid rent 129 99 Other prepayments 2,147 1,580 Total 2,276 1,679 9. Receivables Receivables which fall due for payment more than 1 year after the end of the financial year 0 1,874,627 11. Deferred tax Provisions for deferred tax as at 01.02.23 7,860 20,159 Deferred tax recognised in the income statement -4,584 -12,299 Provisions for deferred tax as at 31.01.24 3,276 7,860 As at 31.01.24, the company has recognised a deferred tax asset of DKK 3.276k.. The deferred tax asset is recognised on the basis of expectations of positive operating results for the coming years. As at 31.01.24, the company has recognised a deferred tax asset of DKK 3.276k.. The deferred tax asset is recognised on the basis of expectations of positive operating results for the coming years. 13. Deferred income Deferred income 0 3,331 Lease commitments The company has concluded lease agreements with terms to maturity of 10 months and total lease payments of DKK 664k. Controlling influence Basis of influence Humio Ltd, England Ownership CrowdStrike Holdings, Inc, USA Ownership Related party transactions are not disclosed, as all transactions are entered into in the ordinary course of business at arms’ length. 37684236 2023-02-01 2024-01-31 37684236 2022-02-01 2023-01-31 37684236 2021-01-01 2022-01-31 37684236 2022-01-31 37684236 2023-01-31 37684236 2024-01-31 37684236 2023-02-01 2024-01-31 1 37684236 2023-02-01 2024-01-31 2 37684236 2023-02-01 2024-01-31 3 37684236 2024-01-31 e:ContributedCapitalMember 37684236 2023-02-01 2024-01-31 e:RetainedEarningsMember 37684236 2024-01-31 e:RetainedEarningsMember 37684236 2023-02-01 e:FixturesFittingsToolsAndEquipmentMember 37684236 2023-02-01 2024-01-31 e:FixturesFittingsToolsAndEquipmentMember 37684236 2024-01-31 e:FixturesFittingsToolsAndEquipmentMember 37684236 2023-02-01 e:LeaseholdImprovementsMember 37684236 2023-02-01 2024-01-31 e:LeaseholdImprovementsMember 37684236 2024-01-31 e:LeaseholdImprovementsMember 37684236 2024-01-31 1 37684236 2023-02-01 37684236 2022-02-01 37684236 2024-01-31 e:FixturesFittingsToolsAndEquipmentMember e:LeasedAssetsMember 37684236 2024-01-31 e:LeaseholdImprovementsMember e:LeasedAssetsMember 37684236 2023-02-01 e:DepositsLongtermInvestmentsAndReceivablesMember 37684236 2023-02-01 2024-01-31 e:DepositsLongtermInvestmentsAndReceivablesMember 37684236 2024-01-31 e:DepositsLongtermInvestmentsAndReceivablesMember 37684236 2023-02-01 2024-01-31 1 xbrli:shares iso4217:DKK xbrli:pure