Dato for ledelsens godkendelse af årsrapporten:2024-03-21
Beskrivelse af usikkerhed ved indregning eller måling:Recognition and measurement uncertainty
Development projects completed Owing to the Company's special activity as development company a natural uncertainty is linked to the measurement of the Company's development assets. Based on the budget for the financial years 2024-2026, Management has assessed that the measurement of the development asset at 31 December 2023 is sound. In the budgeting, Management has assumed, among other things, a quaterly increase of 5% in average customer value and and increase in the influx of new customers of approximately 110 new subscribers per financial year in the financial years 2024-2026. The developmenet assets have been recognised in the balance sheet by DKK ('000) 2,117. Deferred tax assets Management has recognised the tax value of the Company's deferred tax asset in the balance sheet. The tax asset amounts to DKK ('000) 236 at 31 December 2023. The measurement of the tax asset relates to the Company's future performance. The Company's future performance is expected to be realised through subscriptions to the platform over the coming financial years. Therefore, the same uncertainty is related to the measurement of the recognised deferred tax asset, as for the measurement of the Company's completed development project. The assumptions for utilisation of the deferred tax asset are the same as for the measurement of the Company's completed development project.
Oplysning om usædvanlige forhold:Going concern assumptions
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Based on the budget for the financial year 2024, Management has assessed that the Company is going concern. Included in the budgeting for the financial year 2024 are two capital increases, of which one was completed in January 2024 and the other one is expected to complete in May 2024. The budgeting shows additional cash needs of EUR ('000) 200 which Management expects to be able to raise via capital increase during summer 2024, as there are positive discussions with potential investors about this.
Statement by Management on the annual report
Identifikation af den godkendte årsrapport:Today the Board of Directors and Executive Board have discussed and approved the Annual Report of Moddule ApS for the financial year 1 January - 31 December 2023.
Management's review
Beskrivelse af virksomhedens væsentligste aktiviteter:Principal activities
The principal activities comprise development and sale of software in order to offer a subscription-based solution for supply chain visibility.
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