IDCV TF K/S - CVR: 42400076

2023, USD

22.04.2024

Bruttoresultat

-36.000

Primær drift

Na.

Årets resultat

11.868'

Aktiver

27.504'

Kortfristede aktiver

1.000

Egenkapital

27.482'

Afkastningsgrad

0 %

Soliditetsgrad

100 %

Likviditetsgrad

5 %

Resultat

22.04.2024

Årsrapport	2023 22.04.2024	2022 09.05.2023	2021 08.04.2022
Nettoomsætning
Bruttoresultat	-36.000	37.000	-60.000
Resultat af primær drift	0	0	0
Indtægter af kapitalandele (tilknyttede og associerede)	0	0	0
Finansielle indtægter	0	1.000	0
Finansieringsomkostninger	0	0	0
Andre finansielle omkostninger	0	0	0
Resultat før skat	0	0	0
Resultat	11.868.000	-176.000	1.795.000
Forslag til udbytte	0	0	0

Aktiver

22.04.2024

Årsrapport	2023 22.04.2024	2022 09.05.2023	2021 08.04.2022
Kortfristede varebeholdninger	0	0	0
Kortfristede tilgodehavender fra salg og tjenesteydelser	1.000	0	4.200.000
Likvider	0	0	0
Kortfristede aktiver	1.000	0	4.200.000
Immaterielle aktiver og goodwill	0	0	0
Finansielle anlægsaktiver	27.503.000	15.600.000	19.400.000
Materielle aktiver	0	0	0
Langfristede aktiver	27.503.000	15.600.000	19.400.000
Aktiver	27.504.000	15.600.000	23.600.000

Aktiver

22.04.2024

Passiver

22.04.2024

Årsrapport	2023 22.04.2024	2022 09.05.2023	2021 08.04.2022
Forslag til udbytte	0	0	0
Egenkapital	27.482.000	15.583.000	10.340.000
Hensatte forpligtelser	0	0	0
Langfristet gæld til banker	0	0	0
Anden langfristet gæld		0	0
Leverandører af varer og tjenesteydelser	22.000	17.000	60.000
Kortfristede forpligtelser	22.000	17.000	13.260.000
Gældsforpligtelser	22.000	17.000	13.260.000
Forpligtelser	22.000	17.000	13.260.000
Passiver	27.504.000	15.600.000	23.600.000

Passiver

22.04.2024

Nøgletal

22.04.2024

Årsrapport	2023 22.04.2024	2022 09.05.2023	2021 08.04.2022
Afkastningsgrad	Na.	Na.	Na.
Dækningsgrad	Na.	Na.	Na.
Resultatgrad	Na.	Na.	Na.
Varelagerets omsætningshastighed	Na.	Na.	Na.
Egenkapitals-forretning	43,2 %	-1,1 %	17,4 %
Payout-ratio	Na.	Na.	Na.
Gældsdæknings-nøgletal	Na.	Na.	Na.
Soliditestgrad	99,9 %	99,9 %	43,8 %
Likviditetsgrad	4,5 %	Na.	31,7 %

Resultat

22.04.2024

Gæld

22.04.2024

Årsrapport

22.04.2024

Nyeste:01.01.2023- 31.12.2023(offentliggjort: 22.04.2024)

Information om virksomhedens regnskabsklasse:The annual report of IDCV TF K/S for 2023 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B, as well as provisions applying to reporting class C entities. The accounting policies applied are consistent with those of last year. The annual report for 2023 is presented in TUSD. Currency exchange rate (USD/DKK): 31/12/2022: 697,22 31/12/2023: 674,47

Beretning

22.04.2024

Oplysning om usædvanlige forhold:The valuations are prepared by the relevant team and are reviewed on a quarterly basis as well as per year end by the team who report and make recommendations to the general partner. The recommendations are reported on a quarterly basis, in line with the quarterly valuations that are provided to investors. The team considers the appropriateness of the valuation model itself, the significant and key inputs as well as the valuation results using various valuation methods and techniques generally recognized as standard within the industry. The fair value estimates are measured according to the guidelines of the “International Private Equity and Venture Capital” (IPEV) “Valuation Guidelines” which is why investments are recognized at fair value at the balance sheet date. In determining the valuation the IDCV team uses if possible the latest transaction. To support this valuation a rigorous approach relies on comparable trading multiples. To arrive at a reliable valuation, the investment team carefully selects public or private companies that are similar to the target company in terms of industry, size, development stage, revenue generation, and strategy. Once a peer group has been established, the team calculates the mean multiple of these comparable companies, which is then multiplied by the relevant multiple for each individual company. This multiple is calculated by dividing the enterprise value (EV) of each comparable company by its sales. By using this method, the IDCV team can arrive at a valuation grounded in industry benchmarks and supported by a thorough analysis of peer group multiples recommended to the General Partner for Partnership’s investments. In determining the continued appropriateness of the chosen valuation techniques, the General Partner may perform back testing to consider the various models’ actual results and how they have historically aligned with the market transactions. Our valuation approach for Taxfyle harnesses the Multiple Valuation method, adhering to a principle of prudence in line with our internal policies. This method estimates Fair Value by benchmarking against comparable entities in the market, applying relevant financial multiples to Taxfyle's performance metrics. Our valuation stands at $230,000,000 with a per-share price of $7. 74, founded on precedent transactions and a rigorous analysis of industry multiples, with the EV/Sales multiple at 9. 55x, based on Q4 2023 bookings projected at $26. 3M. Our valuation strategy incorporates a 13% discount to the lower band of the industry multiple, acknowledging current market trends in accounting software and digital marketplaces and the strategic considerations surrounding Taxfyle's forthcoming Series C round. This prudent valuation stance reflects our cautious optimism for Taxfyle's growth trajectory and potential market adjustments, supported by the company's acquisition offers and its strategic positioning for profitability by 2025.

Statement by Management on the annual report

Identifikation af den godkendte årsrapport:The management has today discussed and approved the annual report of IDCV TF K/S for the financial year 1 January - 31 December 2023.

Management's review

Beskrivelse af virksomhedens væsentligste aktiviteter:Business review The object of the limited partnership is to generate income and capital appreciation by making investments in unlisted shares.