Slide 1: Annual Report 2024
In July 2024, NNIT moved into its new international headquarters in downtown Copenhagen Annual Report 2024 NNIT A/S, Weidekampsgade 14, DK-2300 Copenhagen S • CVR no. 21 09 31 06
Slide 2: Table of Contents
NNIT Annual Report 2024 2 Table of Contents Management Review Financial Statements The Bigger Picture Consolidated Financial Statements NNIT at a Glance 4 Income Statement 113 Words from Management 5 Statement of Comprehensive Income 113 Highlights8 Statement of Cash Flows 115 Key Figures 9 Balance
Slide 3: The Bigger Picture
NNIT Annual Report 2024 3 The Bigger Picture NNIT at a Glance Words from Management Highlights Key Figures Q4 2024 Outlook 2025 Strategy Regions Corporate Governance
Slide 4: NNIT at a Glance
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 4 NNIT at a Glance NNIT is a leading provider of IT and business solutions in Denmark, Europe, the US and Asia. Internationally, our focus is exclusively on the Life Sciences industry, helping customers digital
Slide 5: Focusing on Organic Growth
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 5 WORDS FROM THE CHAIRMAN AND CEO Focusing Importantly, 2024 finalized the separation 9 and read more about regional perfor- from Aeven, which was the first strategic mance on pages 10-11 and 16-19). game chang
Slide 6: Customer Satisfaction at an All-time High
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 6 Additionally. our pipeline for 2025 looks Customer Satisfaction at an All-time High efforts to Life Sciences as well as the NNIT cated to new and modern office buildings in strong, particularly within the pub
Slide 7: Pär Fors, President and CEO, comments
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 7 Pär Fors, President and CEO of NNIT, comments: 2024 was an eventful year where we reached several strategic milestones in becoming a pure-play IT consultancy company. Despite macroeconomic uncertainty and a m
Slide 8: Highlights
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 8 Highlights 2024 saw NNIT move into execution mode, moving on from two years of major transformation, as a highly focused IT consultancy specializing in Life Sciences internationally and in the public and priv
Slide 9: Key Figures
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 9 Key Figures Financial key figures for 2021-2023 exclude discontinued operations, while 2020 include discontinued operations. DKK million 2024 2023 2022 2021 2020 2024 2023 2022 2021 2020 Financial performance
Slide 10: Q4 2024 business highlights
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 10 Q4 2024 Q4 business highlights In the last quarter of the year, NNIT corresponding to a margin of 9.1% (10.1% significantly lower compared with last year. ment in profitability despite lower revenue managed
Slide 11: Q4 results by region
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 11 Region Denmark Region Denmark Region Europe Region Asia Region USA Total Region DK increased its revenue to DKK Results for Q4, DKKm Q4 24 Q4 23 Q4 24 Q4 23 Q4 24 Q4 23 Q4 24 Q4 23 Q4 24 Q4 23 221.4 million
Slide 12: Outlook 2025
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 12 Outlook 2025 In 2025, NNIT will continue to deliver on its strategic ambitions with a focus on profitable growth through operational and commercial excellence. Although, the macroeconomic environment zation
Slide 13: Outlook and forward-looking statements
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 13 excl. special items is an open-ended range Some of the key levers to deliver on the During the strategic period of 2025 to 2027, in the final year of the period (previously adjusted financial aspirations are
Slide 14: Strategy
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 14 Strategy NNIT Strategy NNIT remains committed to the Long term value creation for key stakeholders: successful execution of the "New Shareholders, customers, Stakeholder value Beginning" strategy, launched i
Slide 15: Organizational structure
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 15 Organizational CEO structure NNIT is organized into four regions, each responsible for its own P/L performance. This structure fosters regional autonomy while nurturing close customer proximity. Region Regio
Slide 16: Europe
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 16 Customer Satisfaction Score LIFE SCIENCES SOLUTIONS 4.5 Europe (out of 5) In 2024, Region Europe continued to capture market share In 2024, Region Europe’s organic growth ness, Region Europe rightsized its c
Slide 17: US
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 17 Customer Satisfaction Score LIFE SCIENCES SOLUTIONS 4.8 US (out of 5) In 2024, Region US continued to grow its business across the Growth was driven partly by acquiring The region’s regional operating profit
Slide 18: Asia
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 18 Customer Satisfaction Score LIFE SCIENCES SOLUTIONS 4.7 Asia (out of 5) Region Asia successfully returned to positive profitability after Region Asia’s organic growth was 6.1%, Singapore managed to grow its
Slide 19: Denmark
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 19 Customer Satisfaction Score PUBLIC & PRIVATE IN DENMARK 4.2 Denmark (out of 5) Region Denmark continued its growth momentum with Full-year revenue in 2024 grew to DKK 844 Overall, the contract wins in both t
Slide 20: Corporate Governance
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 20 Corporate Governance Governance structure Governance Structure The Board of Directors of NNIT has a continued focus on good governance practices and complies with all suggested recommendations except for a s
Slide 21: Board of Directors composition
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 21 mployee-elected members. One board e Board members elected by the share- On March 14, 2024, Jan Winther was elected At the March 2024 Annual General Meeting, member is a member of the Executive holders at
Slide 22: Board committees and governance
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 22 management systems. Furthermore, the Advisor Group. This is consistent with the tive working relationship with the CEO and Audit Committee is responsible for assisting Danish Committee on Corporate Govern- m
Slide 23: Compliance with corporate governance recommendations
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 23 part of NNIT's business, as it is of great expected in a free and democratic society Compliance with Corporate tors has best individual qualifications to importance to us that our customers and and in accord
Slide 24: Risk Management
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 24 Risk Management High The Key Risks are Assessed for Likelihood and Impact NNIT’s approach to risk monitoring and control is meticulously designed and implemented to provide a comprehensive overview and ensur
Slide 25: Risk, impact and mitigation
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 25 Risk, impact and mitigation 1 Cybersecurity risk 2 Legal & compliance risk 3 Talent management Risk NNIT is exposed to cybersecurity-related risks that have the poten- Legal and compliance risks are increasi
Slide 26: Risk, impact and mitigation
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 26 Risk, impact and mitigation 4 Customer engagement & solutions 5 Operating model & efficiency Risk NNIT’s strategy focuses on delivering fewer but more specialized The New Beginning strategy has introduced a
Slide 27: Board of Directors
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 27 Board of Directors Carsten Dilling Eivind Kolding Caroline Serfass Chairman Deputy Chairman Board Member Committee Member of the Remuneration Committee Chairman of the Remuneration Committee N/A Personal and
Slide 28: Board of Directors
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 28 Board of Directors Christian Kanstrup Nigel Govett Jan Winther Board Member Board Member Board Member Committee Member of the Audit Committee Chairman of the Audit Committee N/A Member of the Remuneration Co
Slide 29: Board of Directors
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 29 Board of Directors Dorte Broch Pedersen Frederik Sparre Willumsen Kim Høyer Employee-elected Representative Employee-elected Representative Employee-elected Representative Committee N/A N/A N/A Personal and
Slide 30: Group Management
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 30 Group Management Pär Fors Carsten Ringius Signe Nelsson Lars B. Petersen President and CEO, Executive Vice President and CFO, Senior Vice President, Senior Vice President, Head of Executive Management Execut
Slide 31: Group Management
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 31 Group Management Jason Xing Pia Bundgaard Ingels Kasper Søndergaard Andersen Greg Cathcart Senior Vice President, Senior Vice President, Senior Vice President, Senior Vice President, Head of Region Asia Head
Slide 32: Shareholder Information
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 32 Shareholder Information NNIT shares were priced at DKK 92.5 per In 2024, the average daily turnover in the had 16,260 registered shareholders on Share information share on December 31, 2024, for a market NNI
Slide 33: Shareholder overview
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 33 Shareholder overview Treasury Shares Communication with Shareholders % As part of its internal incentive programs NNIT aims to give investors the best NNIT held 106,411shares as of December possible insight
Slide 34: Sustainability Statements
NNIT Annual Report 2024 34 Sustainability Statements General disclosures Environment Social Governance
Slide 35: General Disclosures
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 35 General List of disclosure requirements Disclosures ESRS2 BP-1 General Disclosures General basis for preparation of the Sustainability Statements Page 37 BP-2 Disclosures in relation to specific circumstance
Slide 36: General Disclosures
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 36 ESRS 2 General Disclosures Sustainability in NNIT Sustainability and people NNIT’s overall aspiration is to make a mark As part of our commitment to the UN’s 17 Sustainable in business and society, bringing
Slide 37: General basis for preparation of Sustainability Statements
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 37 ESRS 2 BP-1 General basis for preparation of Sustainability Statements The Sustainability Statements are prepared owned subsidiaries, extending to both the which NNIT Group’s policies, actions, targets from
Slide 38: Disclosures in relation to specific circumstances
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 38 ESRS 2 BP-2 Disclosures in relation to specific circumstances For the 2024 reporting period, NNIT A/S has • A double materiality assessment that specifically for E1 (E1-9) S1 (S1-7, S1-13, any. Quantitative
Slide 39: Sustainability governance
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 39 GOV-1, GOV-2, GOV-3 Sustainability governance Board of Directors and itative and quantitative. Environmental • Relevant knowledge and experience the Board ensures that the needed compe- Group Management targ
Slide 40: Sustainability governance
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 40 GOV-1, GOV-2, GOV-3 Sustainability governance Sustainability Committee Controls over sustainability reporting There is a sustainability Committee headed Reported data and descriptions in the by Senior VP, Co
Slide 41: Oversight and diversity of governance bodies
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 41 for oversight of impacts, risks and oppor- Three members of the board are employee Diversity, Diversity, Diversity, tunities for sustainability reporting as per elected board members out of which two BoD Gro
Slide 42: Statement on due diligence
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 42 GOV-4 Statement on due diligence Sections in the Does the disclosure Sustainability relate to people and/ Core elements of due diligence Statements Page or the environment? a) Embedding due diligence in gove
Slide 43: Sustainability risk assessment
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 43 GOV-5 Sustainability risk assessment As part of the annual risk assessment performed by the NNIT Group Management in 2024, any identified ESG risks were subsequently assessed by the Board of Directors. As pa
Slide 44: Sustainability strategy, business model and stakeholder engagement
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 44 SBM-1 , SBM-2 Sustainability strategy, business model and stakeholder engagement Strategy, business model and value chain NNIT is a highly specialized IT consultancy focusing on life sciences internationally
Slide 45: Strategy
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 45 Strategy NNIT’s overall aspiration is to make a mark in business and society, bringing digital transformation to life. We want to build a successful business while contributing Business Model with our expert
Slide 46: Stakeholder engagement
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 46 nical and operational split from our former Employee engagement and collaboration Stakeholders Engagement Purpose infrastructure operations. During 2024, we with their representatives are central to Value ch
Slide 47: Impact materiality
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 47 IRO-1 NNITs materiality matrix Index of sustainability matters Double materiality Impact material Double material Double material assessment & outcome Climate change mitigation, E1-1 E1 E1 S1 S1 Working Cond
Slide 48: Process to identify material impacts, risks and opportunities
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 48 Description of the process These internal stakeholders acted as holders and users of Sustainability State- Materiality scoring approach to identify and assess proxies, providing insights from various ments w
Slide 49: Value Chain Overview
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 49 the distinction between actual and potential management and signed off by the Chief IRO’s, ensuring a distinction between existing Financial Officer, and the Audit Committee Value Chain Overview conditions a
Slide 50: Climate change impacts, risks and opportunities
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 50 SBM-3 E1 - Climate change Material impacts, risks and in the E1, S1, S4 and G1 sections of the IRO Location in VC Time horizon opportunities and their Sustainability Statements. Own operation Upstream Downst
Slide 51: S1 – Own Workforce
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 51 S1 – Own Workforce S1 – Own Workforce (continued) IRO Location in VC Time horizon IRO Location in VC Time horizon Own operation Upstream Downstream Short-term Medium-term Long-term Own operation Upstream Dow
Slide 52: S4 and G1 impacts, risks and opportunities
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 52 S4 – Consumers and end-users G1 – Governance IRO Location in VC Time horizon IRO Location in VC Time horizon Own operation Upstream Downstream Short-term Medium-term Long-term Own operation Upstream Downstre
Slide 53: Environment
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 53 Environment E1 Climate Change Page E1-1 Transition plan for climate change mitigation 54 ESRS 2 Material impacts, risks and opportunities and their interaction with strategy and business model 55 SBM-3-E1 ES
Slide 54: Climate Change
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 54 E1 Climate Change E1-1 The Carbon Reduction plan highlights the following Transition plan for climate change mitigation areas and key actions for decarbonization: NNIT has established a Carbon Reduction Plan
Slide 55: Impact, risk and opportunity management
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 55 ESRS 2 SBM-3 Impact, risk and opportunity management Material impacts, risk and opportunities and their interaction with strategy and business model ESRS 2 IRO-1 Description of the processes to identify and
Slide 56: Policies related to climate change mitigation
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 56 E1-2 Policies related to climate change mitigation and energy Policies and related to climate change mitigation and adaptation NNIT makes a mark on business and society; bringing digital transformation to li
Slide 57: Actions and resources in relation to climate change policies
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 57 E1-3 Actions and resources in relation to climate change policies In 2023, NNIT divested its infrastructure operations business and data centers, leading to a significant change and decrease in emissions. Mo
Slide 58: Targets related to climate change mitigation
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 58 E1-4 Targets related to climate change mitigation and adaptation Our validated near-term climate action targets: GHG-emission targets In 2024, the Science Based Targets Initiative validated the emission redu
Slide 59: Energy consumption and mix
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 59 NNIT is committed to reporting on the E1-5 progress against these targets on an annual Energy consumption and mix basis, through GHG emission reporting. In addition, NNIT is committed to review our Since May
Slide 60: Greenhouse gas emissions
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 60 E1-6 Greenhouse gas emissions tCO2eq 2024 Gross Scopes 1, 2, 3 Scope 1 GHG emissions and Total GHG emissions Gross Scope 1 GHG emissions 15.2 Percentage of Scope 1 GHG emissions from regulated emission tradi
Slide 61: GHG-emission intensity
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 61 GHG-emission intensity GHG intensity per net revenue Net revenue used to calculate GHG intensity 2024 amounts to 1,851 million DKK in 2024, and Total GHG emissions (location-based) per net revenue (tCO2eq/DK
Slide 62: E1 Accounting policies
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 62 E1 Accounting policies E1-5 Energy consumption and mix E1-6 Gross Scopes 1, 2, 3 and Total GHG emissions November and December 2024 has been calculated employees, while smaller locations are extrapolated The
Slide 63: E1 Accounting policies
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 63 E1 Accounting policies 3.1 Purchased goods and services extrapolation. No significant difference in waste calculation is based on a template developed by 3.13 Downstream leased assets Procurement data is col
Slide 64: Development in Scope 3 Emissions Reporting 2022-2024
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 64 Appendix I Development in Scope 3 Emissions Reporting 2022-2024 Category Definition 2024 2023 2022 Comments 1. P urchased goods and services Production of products and services purchased or acquired 2. Capit
Slide 65: EU Taxonomy
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 65 EU Taxonomy The EU Taxonomy is a regulatory framework In 2024, we identified eligible economic waste, and general waste management for repair of charging stations for electric vehicles introduced by the Euro
Slide 66: EU Taxonomy: Turnover
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 66 Turnover Financial year 2024 Substantial Contribution Criteria DNSH Criteria ('Does Not Significantly Harm') Code (2) Turnover (3) turnover, year N (4) Proportion of Mitigation (5) Climate Change Adaptation
Slide 67: EU Taxonomy: CapEx
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 67 CapEx Financial year 2024 Substantial Contribution Criteria DNSH Criteria ('Does Not Significantly Harm') Code (2) CapEx (3) CapEx, year N (4) Proportion of Mitigation (5) Climate Change Adaptation (6) Clima
Slide 68: EU Taxonomy: OpEx
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 68 OpEx Financial year 2024 Substantial Contribution Criteria DNSH Criteria ('Does Not Significantly Harm') Code (2) OpEx (3) OpEx, year N (4) Proportion of Mitigation (5) Climate Change Adaptation (6) Climate
Slide 69: Nuclear and fossil gas related activities
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 69 Proportion of Turnover/ Nuclear and fossil gas related activities Total Turnover Taxonomy aligned Taxonomy eligible Sr. No. Nuclear energy related activities Replies per objective % per objective % Nuclear e
Slide 70: EU Taxonomy Accounting policies
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 70 EU Taxonomy Accounting policies Accounting principles - Revenue eligible Research and development (R&D); building renova- None of our activities contribute to multiple objec- and compliance programmes and me
Slide 71: Own Workforce
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 71 Own Workforce S1 ESRS 2 SBM-2-S1 Own Workforce Interests and views of stakeholders Page 46 ESRS 2 Material impacts, risks and opportunities and their interaction with strategy and business model 72 SBM-3-S1
Slide 72: Own workforce impacts, risks and opportunities
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 72 ESRS 2 SBM-3 Material impacts, risks and opportunities and their interaction with strategy and business model We are a people-driven organization, and our employees are the foundation of our success. NNIT op
Slide 73: Policies related to own workforce
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 73 S1-1 Policies related to own workforce At NNIT, we are dedicated to being an attractive workplace for our current anti-corruption efforts. By integrating these Standards, state that all employment employees
Slide 74: Policies on work barriers and diversity
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 74 The policy complies with local regulatory organization underlining the employees’ employees feel valued and a sense of be- Report, historically this has been included in requirements and aims to minimize wo
Slide 75: Engaging with own workforce
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 75 S1-2 Processes for engaging with own workforce & workers’ representatives about impacts We are committed to fostering a culture where everyone feels safe to speak up, valuing each employee's integrity and mo
Slide 76: Processes to remediate negative impacts
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 76 S1-3 Processes to remediate negative impacts and channels for own workforce to raise concerns and confidentiality are essential for the members in the Board of Directors and NNIT strives to be open and hones
Slide 77: Taking action on material impacts on own workforce
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 77 S1-4 Taking action on material impacts on own workforce, and approaches to managing material risks and pursuing material opportunities related to own workforce, and effectiveness of those actions In NNIT, we
Slide 78: Actions on workforce inclusion
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 78 • Ensuring that spokespersons, images and ment and opportunities is a key focus area accommodate their work life with their and the flexible working in the eVoice survey material in our external communicatio
Slide 79: Targets related to own workforce
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 79 S1-5 Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities We believe that a diverse work force creates better results and contribut
Slide 80: Diversity community and survey follow-up
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 80 sion Community consisting of engaged nual eVoice survey to identify areas for employees from different corners of the improvement in working conditions. If the organization. survey highlights the need for sp
Slide 81: Characteristics of the undertaking's employees
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 81 S1-6 Table 50a: Average headcount in countries with Characteristics of the undertaking’s employees more than 50 employees or >10% of total headcount Average Average Country Female Male Total NNIT is a global
Slide 82: Collective bargaining coverage and social dialogue
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 82 S1-8 Collective bargaining coverage and social dialogue Part of employees on collective agreements Table 60c – Percentage of employees covered by In NNIT, all employees are allowed to join a trade union and
Slide 83: Diversity metrics
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 83 S1-9 Table 66: Headcount 2024 by gender Diversity metrics Average Gender headcount NNIT aims to be a diverse workplace where people with As mentioned, diversity at NNIT also includes age. Most of Male 1,085
Slide 84: Adequate wage and health and safety metrics
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 84 S1-10 S1-14 Adequate wage Health and safety metrics NNIT rely on highly skilled employees in all positions, and no Ensuring a healthy physical and psychological work envi- employees are paid below national m
Slide 85: Remuneration metrics and incidents
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 85 S1-16 Remuneration metrics (pay gap and total The annual remuneration ratio in NNIT is 12 indicating that A large part of the exclusion is due to the movement from remuneration) the annual total remuneration
Slide 86: S1 Accounting policies
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 86 S1 Accounting policies ESRS DR Paragraph Data point/ metric Accounting principle All All metrics cover the reporting period 1st of January 2024 – 31st December 2024. Group companies Excellis, Scales, and SL
Slide 87: S1 Accounting policies continued
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 87 Continued ESRS DR Paragraph Data point/ metric Accounting principle S1-10 69-70 Lowest salary at NNIT compared to national National authorities determine minimum salary benchmarks for each country, and for t
Slide 88: Consumers and end users
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 88 Consumers and end users S4 ESRS 2 SBM-2-S4 Consumers and end-users Interests and views of stakeholders Page 46 ESRS 2 Material impacts, risks and opportunities and their interaction with strategy and busines
Slide 89: Strategy and solutions portfolio
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 89 Strategy Our solutions portfolio delivers a strong value proposition to specific customer needs with regional execution ESRS 2 SBM-3 Life Sciences Global Material impacts, risks and opportunities and their i
Slide 90: Policies related to consumers and end-users
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 90 We are highly attentive to this responsibility Impacts, risks and opportunities management and the potential consequences that follow if we fail to deliver our services. S4-1 Policies related to consumers an
Slide 91: Compliance and data ethics
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 91 All employees must at all times comply tion Officer is responsible for overseeing mitigate risks and eliminate or limit possible instructions and requirements set out by with applicable laws, rules and regul
Slide 92: Engaging with consumers and end-users
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 92 S4-2 Processes for engaging with consumers and end-users about impacts At NNIT, we have a well-established engagement model with our customers. Through our ongoing engagement with level of customer satisfact
Slide 93: Channels for customers to raise concerns
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 93 S4-3 Processes to remediate negative impacts and channels for consumers and end-users to raise concerns Our ISO 9001 Quality Management System ensures that our engagement with customers and end-users is stru
Slide 94: Customer Feedback Program
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 94 S4-4 Taking action on material impacts on consumers and end-users, and approaches to managing material risks and pursuing material opportunities related to consumers and end-users, and effectiveness of those
Slide 95: External audits
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 95 External audits documented and made available for the taken to avoid further negative impacts This is further supported by the high satis- Moreover, our actions are subject to audits. project delivery teams,
Slide 96: Targets related to consumers and end-users
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 96 S4-5 Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities We use our customers' input and expectations to guide our targets. Our cu
Slide 97: Governance
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 97 Governance G1 Business conduct Page ESRS 2 Material impacts, risks and opportunities and their interaction with strategy and business model 98 SBM-3-G1 ESRS 2 The role of the administrative, management and s
Slide 98: Impact, risk and opportunity management
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 98 G1 Impact, risk and opportunity management ESRS 2 SBM-3 Material impacts, risks and opportunities and their interaction with strategy and business model At NNIT, delivering quality IT solutions for our custo
Slide 99: Business conduct policies and corporate culture
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 99 G1-1 Business Ethics Code of Conduct covers 100% of the functions-at-risk. This website). Our Business Ethics Code of Business conduct policies The Business Ethics Code of Conduct also means that management
Slide 100: Whistleblower function
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 100 this document. They ensure that the due or similar. Therefore, all employees, concerns shall in the following be referred of concern, the investigation will under consideration is given to key stakeholders
Slide 101: Committed to Integrity and Moral Responsibility
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 101 Committed to Integrity and Board of Directors and any other person Moral Responsibility or entity doing business with NNIT to At NNIT, we act with professionalism, comply with applicable laws, regulations,
Slide 102: Prevention and detection of corruption and bribery
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 102 G1-3 Obliged to report At present, as NNIT we are subject to over- of the preliminary screening and status on Prevention and detection of All NNIT Associates have an obligation to arching legislation for wh
Slide 103: ESG Accounting Policies
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 103 Program and all NNIT employees will We do not have specific targets related G1-4 G1-9 on an annual basis be obligated to read and understand the NNIT Whistleblower to impacts, risks and opportunities. Howev
Slide 104: Appendix II: ESRS datapoints from other EU legislation
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 104 Appendix II: ESRS datapoints that derive from other EU legislation The table below outlines all data points derived from other EU legislation, as specified in ESRS 2 Appendix B. It indicates where these dat
Slide 105: Appendix II: ESRS datapoints continued
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 105 Disclosure Benchmark Material/ ESRS requirement Data point SFDR Pillar 3 regulation EU climate law Non-material Page ESRS E1 E1-9 67 (c) Breakdown of the carrying value of its real estate assets by energy-e
Slide 106: Appendix II: ESRS datapoints continued
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 106 Disclosure Benchmark Material/ ESRS requirement Data point SFDR Pillar 3 regulation EU climate law Non-material Page ESRS S1 S1-14 88 (e) Number of days lost to injuries, accidents, fatalities or illness Ma
Slide 107: Appendix III: Disclosure requirements and incorporation by reference
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 107 Appendix III: Disclosure requirements and incorporation by reference The tables below provide an overview of all ESRS disclosure requirements included in ESRS 2 and the topical standards that are material t
Slide 108: Appendix III continued
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 108 Disclosure requirement Section/report Page(s) SBM-3 Countries or geographic areas with operations considered at significant risk of incidents of forced labour or compulsory labour. S1-1 73 SBM-3 Type of ope
Slide 109: Appendix III continued
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 109 Disclosure requirement Section/report Page(s) S1-9 Diversity metrics S1-9 83 S1-10 Adequate wages S1-10 84 S1-14 Health and safety metrics S1-14 84 S1-16 Compensation metrics (pay gap and total compensation
Slide 110: Financial Statements
NNIT Annual Report 2024 110 Financial Statements Consolidated Financial Statements Parent Company Financial Statements Statements
Slide 111: Consolidated Financial Statements
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 111 Consolidated Financial Statements Income Statement Statement of Comprehensive Income Statement of Cash Flows Balance Sheet Statement of Changes in Equity Notes
Slide 112: Revenue and Earnings
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 112 Revenue and Earnings Revenue slightly higher gross profit margin of 25.9% The 2024 operating profit increased slightly to Parent Company NNIT grew revenue by 7.1% to DKK
Slide 113: Income Statement and Statement of Comprehensive Income
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 113 Income Statement Statement of Comprehensive Income for the year ended December 31 for the year ended December 31 DKK million Note 2024 2023 DKK million Note 2024 2023 Rev
Slide 114: Cash Flows
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 114 Cash Flows Cash flow from operating activities contributed negatively to cash flow from Free cash flow Outflow of DKK 652 million) in 2024. The In 2024, the cash flow fro
Slide 115: Statement of Cash Flows
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 115 Statement of Cash Flows for the year ended December 31 DKK million Note 2024 2023 DKK million Note 2024 2023 Net profit/(loss) for the year 1 30 Deposit (paid)/received,
Slide 116: Balance sheet and equity
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 116 Balance sheet and equity Assets Return on invested capital Financing gible assets. NNIT further had undrawn Total assets have declined to DKK NNIT improved the return on
Slide 117: Balance Sheet
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 117 Balance Sheet as of December 31 ASSETS EQUITY AND LIABILITIES DKK million Note 2024 2023 DKK million Note 2024 2023 Intangible assets 3.1 767 704 Share capital 4.2 250 25
Slide 118: Statement of Changes in Equity 2024
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 118 Statement of Changes in Equity as of December 31 Other reserves Share Treasury Retained Exchange rate Total other Proposed DKK million Note capital shares earnings adjust
Slide 119: Statement of Changes in Equity 2023
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 119 Statement of Changes in Equity as of December 31 Other reserves Share Treasury Retained Exchange rate Total other Proposed DKK million Note capital shares earnings adjust
Slide 120: Notes to the Consolidated Financial Statements
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 120 Notes to the Consolidated Financial Statements 1. Basis of preparation 3. Operating assets and liabilities 5. Other disclosures 1.1 Summary of material accounting policie
Slide 121: 1. Basis of preparation
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 121 1. Basis of preparation 1.1 Summary of material accounting policies The consolidated financial statements are prepared Recognition of revenue For fixed priced projects th
Slide 122: 1.2 Key accounting estimates and judgements
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 122 1.2 Summary of key accounting estimates and judgements The preparation of financial statements under IFRS term average market growth rates. Determining the completion as
Slide 123: 1.3 Changes in accounting policies, estimates and disclosures
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 123 1.3 Changes in accounting policies, estimates and disclosures NNIT has applied relevant new or amended IFRS required to classify all income and expenses within Accounting
Slide 124: 1.4 General accounting policies
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 124 1.4 General accounting policies Principles of consolidation An impairment loss is recognised for any initial or 12 months of the acquisition date are adjusted to • the tr
Slide 125: 1.4 General accounting policies – continued
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 125 1.4 General accounting policies – continued employees. Further special items include significant Deferred tax assets are recognized in the balance The total contract valu
Slide 126: 1.4 General accounting policies – continued
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 126 1.4 General accounting policies – continued Goodwill is written down to its recoverable amount Intangible assets that are in use and subject to Asset residual values and
Slide 127: 1.4 General accounting policies – continued
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 127 1.4 General accounting policies – continued Subleases Allowance for doubtful trade receivables is made Prepayments At initial recognition NNIT assess each contract NNIT h
Slide 128: 1.4 General accounting policies – continued
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 128 1.4 General accounting policies – continued recognized in the financial year in which the relevant Due to legal restrictions in some jurisdictions and investing and finan
Slide 129: 1.5 Financial definitions
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 129 1.5 Financial definitions Operating profit margin = Operating profit x 100 Non-IFRS financial measures impairment of assets, gains from subleases and In the Annual Report
Slide 130: 2.1 Segment information
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 130 2. Results for the year 2.1 Segment information Region Region Region Region Following the implementation of the new organization on May 2, 2023, NNIT consists of four reg
Slide 131: 2.2 Employee costs
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 131 2.2 Employee costs DKK million 2024 2023 Remuneration of Board of Directors and Group Management The current policy for the remuneration of the Board of Directors and Exe
Slide 132: 2.2 Employee costs – continued
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 132 2.2 Employee costs – continued Group Management's remuneration and share-based payment Short-term incentive program (STIP) 2024 Group Management and certain other employe
Slide 133: 2.3 Development costs, 2.4 Amortization, 2.5 Special items
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 133 2.3 Development costs 2.5 Special items DKK million 2024 2023 DKK million 2024 2023 Costs for development of new projects, not eligible for Special items relates to: reco
Slide 134: 2.6 Income taxes
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 134 2.6 Income taxes DKK million 2024 2023 DKK million 2024 2023 Current tax (24) 67 Tax (payable)/receivable Deferred tax 39 (31) Tax (payable)/receivable at the beginning o
Slide 135: 2.6 Income taxes – continued
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 135 2.6 Income taxes – continued Net taxes received in 2023 for continuing and discontinued operations amounted to DKK 36 million and were paid/(received) as follows: DKK mil
Slide 136: 3.1 Intangible assets
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 136 3. Operating assets and liabilities 3.1 Intangible assets Other IT IT development intangible development projects under DKK million Goodwill assets projects construction
Slide 137: 3.1 Intangible assets – continued
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 137 3.1 Intangible assets – continued Other IT IT development intangible development projects under DKK million Goodwill assets projects construction 2023 2023 Costs at the b
Slide 138: 3.2 Impairment test
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 138 3.2 Impairment test Re-allocation of goodwill CGU1 In 2024 the Group has made a change in the organisational structure and internal reporting, resulting in a Annual Termi
Slide 139: 3.3 Tangible assets
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 139 3.3 Tangible assets Other Leasehold DKK million equipment improvements 2024 2024 Cost at the beginning of the year 5 56 61 Additions 5 13 18 Disposals - (53) (53) Exchang
Slide 140: 3.3 Tangible assets – continued
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 140 3.3 Tangible assets – continued Payments on account and Land and Other Leasehold assets under DKK million buildings equipment improvements construction 2023 2023 Cost at
Slide 141: 3.4 Contract balances
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 141 3.4 Contract balances Revenue Contract assets and liabilities, continuing operations recognized Revenue from recognized DKK million 2024 2023 Opening opening regarding Cl
Slide 142: 3.4 Contract balances, 3.5 Deposits, 3.6 Trade receivables
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 142 3.4 Contract balances – continued 3.5 Deposits Transferred DKK million 2024 2023 Amortized to assets cost from Amortized classified Cost at the beginning of the year 31 2
Slide 143: 3.6 Trade receivables, 3.7 Employee benefit obligations
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 143 3.6 Trade receivables – continued 3.7 Employee benefit obligations DKK million 2024 2023 Defined benefit pension obligations Aging of non-impaired trade receivables: DKK
Slide 144: 3.7 Employee benefit obligations, 3.8 Provisions
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 144 3.7 Employee benefit obligations – continued 3.8 Provisions DKK million 2024 2023 DKK million 2024 2023 Assumptions used for valuation1 Provision for refurbishment obliga
Slide 145: 3.9 Discontinued operations
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 145 3.9 Discontinued operations June 22, 2022 it was announced that NNIT was divesting the infrastructure operations and in December 2022 and December 2023 it qualified for r
Slide 146: 3.9 Discontinued operations – continued
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 146 3.9 Discontinued operations – continued Divestment of infrastructure business DKK million 2024 2023 DKK million 2024 2023 Consideration received/receivable: Employee bene
Slide 147: 4. Capital structure and financing items
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 147 4. Capital structure and financing items 4.1 Financial income and expenses 4.2 Share capital, distribution to shareholder and earnings per share DKK million 2024 2023 DKK
Slide 148: 4.2 Share capital; 4.3 Leases
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 148 4.2 Share capital, distribution to shareholder and earnings per share – continued 4.3 Leases Number Lease assets Nominal Market value As % of of shares Rental of Rental o
Slide 149: 4.3 Leases – continued
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 149 4.3 Leases – continued Lease assets Lease liabilities Rental of Rental of Company Lease liabilities expiring within the following periods from the balance sheet date: DKK
Slide 150: 4.3 Leases – continued
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 150 4.3 Leases – continued Subleases NNIT has entered into arrangements to sublease part of the Group's property lease agreement. In accordance with IFRS 16, the right-of-use
Slide 151: 4.4 Financial assets and liabilities
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 151 4.4 Financial assets and liabilities, continuing operations Depending on the purpose of each asset and liability, NNIT classifies these into the following categories: • C
Slide 152: 4.4 Financial assets and liabilities – continued
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 152 4.4 Financial assets and liabilities – continued Financial Credit Lease liabilities DKK million Facilities liability Total Financial liabilities measured at measured at u
Slide 153: 4.4 Financial assets and liabilities – continued
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 153 4.4 Financial assets and liabilities – continued Fair value measurement hierarchy DKK million 2024 2023 Financial assets and liabilities at fair value through comprehensi
Slide 154: 4.4 Financial assets and liabilities – continued
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 154 4.4 Financial assets and liabilities – continued As of December 31, 2024 NNIT, A/S’ net balance position (trade receivables minus trade payables) divided on Credit risk c
Slide 155: 5. Other disclosures
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 155 5. Other disclosures 5.1 Long-term incentives Long-term share-based incentive program Outstanding restricted stock units (in NNIT shares): Group Management and the Vice P
Slide 156: 5.2 Fee to statutory auditors; 5.4 Cash flow specifications
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 156 5.2 Fee to statutory auditors 5.4 Statement of cash flows – specifications DKK million 2024 2023 DKK million 2024 2023 Statutory audit 1.2 2.6 Changes in working capital
Slide 157: 5.5 Contingent liabilities; 5.6 Related party transactions
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 157 5.5 Contingent liabilities, other contractual obligations and legal proceedings 5.6 Related party transactions and ownership – continued Other contractual obligations exp
Slide 158: 5.6 Related party transactions; 5.7 Events after balance sheet
The Bigger Picture Sustainability Statements Financial Statements – Consolidated Financial Statements NNIT Annual Report 2024 158 5.6 Related party transactions and ownership – continued Companies in the NNIT Group: Year of Percentage incorporation/ Share of shares Country acquisition capital owned
Slide 159: Parent Company Financial Statements
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 159 Parent Company Financial Statements Income Statement Balance Sheet Statement of Changes in Equity Notes
Slide 160: Income Statement
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 160 Income Statement for the year ended December 31 DKK million Note 2024 2023 Revenue 845 690 Production cost 2.1 794 648 Gross profit 51 42 Sales and Marketing cost 2.1 3
Slide 161: Balance Sheet
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 161 Balance Sheet as of December 31 ASSETS EQUITY AND LIABILITIES DKK million Note 2024 2023 DKK million Note 2024 2023 Intangible assets 3.1 50 12 Share capital 250 250 Ta
Slide 162: Statement of Changes in Equity 2024
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 162 Statement of Changes in Equity as of December 31 Reserve IT Share Treasury Retained development Proposed DKK million capital share earnings projects dividends Total 202
Slide 163: Statement of Changes in Equity 2023
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 163 Statement of Changes in Equity as of December 31 Reserve IT Share Treasury Retained development Proposed DKK million capital share earnings projects dividends Total 202
Slide 164: Notes to the Parent Company Financial Statements
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 164 Notes to the Parent Company Financial Statements 1. Basis of preparation 4. Capital structure and financing items 1.1 Accounting policies 165 4.1 Financial income and e
Slide 165: 1. Basis of preparation
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 165 1. Basis of preparation 1.1 Accounting policies The parent company financial statements are ment under financial income in the financial year in Cash flow statement pre
Slide 166: 2. Results for the year
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 166 2. Results for the year 2.1 Employee costs 2.2 Special items DKK million 2024 2023 DKK million 2024 2023 Wages and salaries 368 582 Special items relates to: Pensions 4
Slide 167: 3.1 Intangible assets
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 167 3. Operating assets and liabilities 3.1 Intangible assets IT development IT development IT development projects under IT development projects under DKK million projects
Slide 168: 3.2 Tangible assets
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 168 3.2 Tangible assets Payments on account and Other Leasehold Land Other Leasehold assets under DKK million equipment improvements 2024 and buildings equipment improvemen
Slide 169: 3.3 Financial assets; 3.4 Trade receivables; 3.5 Deferred taxes
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 169 3.3 Financial assets 3.4 Trade receivables Investments DKK million 2024 2023 Other in DKK million receivables Deposits subsidiaries 2024 2023 Total trade receivables (g
Slide 170: 3.6 Provisions; 3.7 Discontinued operations
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 170 3.6 Provisions 3.7 Discontinued operations DKK million 2024 2023 June 22, 2022 it was announced that NNIT was divesting the infrastructure operations (Hybrid Cloud Solu
Slide 171: 3.7 Discontinued operations – continued
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 171 3.7 Discontinued operations – continued Assets and liabilities related to discontinued operations Divestment of infrastructure business DKK million 2024 2023 DKK millio
Slide 172: 4. Capital structure and financing items
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 172 4. Capital structure and financing items 4.1 Financial income and expenses 4.2 Proposed allocation of Net profit for the year DKK million 2024 2023 DKK million 2024 202
Slide 173: 4.3 Leases
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 173 4.3 Leases Lease assets Lease liabilities Rental of Company Lease liabilities expiring within the following periods from the balance sheet date: DKK million premises Eq
Slide 174: 5. Other disclosures
The Bigger Picture Sustainability Statements Financial Statements – Parent Company Financial Statements NNIT Annual Report 2024 174 5. Other disclosures 5.1 Fee to statutory auditors 5.2 Contingent liabilities, other contractual obligations and legal proceeding DKK million 2024 2023 – continued DKK
Slide 175: Statements
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 175 Statements Management's Statement Independent Auditor's Reports Independent auditor's limited assurance report on Sustainability Statements
Slide 176: Management's Statement
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 176 Management's Statement The Board of Directors and the Executive In our opinion, the Management Review is also Copenhagen, February 18, 2025 Management have today considered and prepared in accordance with r
Slide 177: Independent auditor's reports
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 177 Independent auditor's reports To the Shareholders of NNIT A/S Report on the audit of the Consolidated Financial Statements and Parent Company Financial Statements Opinion the financial position of the Group
Slide 178: Key audit matters
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 178 Key audit matters whole and in forming our opinion thereon. We have fulfilled our responsibilities of the risks of material misstatement of Key audit matters are those matters that, We do not provide a sepa
Slide 179: Statement on the Management's review
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 179 Statement on the Management's review Based on our procedures, we conclude that from material misstatement, whether due requirements applicable in Denmark will Management is responsible for the Manage- the M
Slide 180: Auditor's responsibilities
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 180 misrepresentations or the override of we conclude that a material uncertainty ments. We are responsible for the direc- cance in the audit of the consolidated finan- internal control. exists, we are required
Slide 181: ESEF Regulation compliance
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 181 Management is responsible for preparing is prepared, in all material respects, in suitable element in the ESEF taxonomy In our opinion, the annual report of NNIT an annual report that complies with complian
Slide 182: Independent auditor's limited assurance report on Sustainability Statements
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 182 Independent auditor's limited assurance report on Sustainability Statements To the shareholders of NNIT Limited assurance conclusion the management to identify the infor- ments other than audits or reviews
Slide 183: Management's responsibilities for the Sustainability Statements
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 183 ethical requirements, professional stand- Management's responsibilities for • the assessment of the materiality of the the preparation of the Sustainability ards and applicable legal and regulatory the Sust
Slide 184: Limited assurance engagement responsibilities
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 184 As part of a limited assurance engagement Our other responsibilities in respect of the sures where material misstatements are • Obtained an understanding of the in accordance with ISAE 3000 (Revised) we Sus
Slide 185: Assurance procedures performed
The Bigger Picture Sustainability Statements Financial Statements NNIT Annual Report 2024 185 • Performed substantive assurance proce- dures on selected information in the Sustainability Statements; • Evaluated methods, assumptions and data for developing material estimates and forward-looking infor
Slide 186: Bringing Digital Transformation to Life
Bringing Digital Design and production: Noted Transformation to Life NNIT A/S Weidekampsgade 14 DK-2300 Copenhagen S Denmark Tlf.: +45 7024 4242 www.nnit.com NNITcontact@nnit.com CVR no. 21 09 31 06