ADATA Technology B.V.

ADATA Technology B.V.

München

Befreiender Jahresabschluss zum Geschäftsjahr vom 01.01.2023 bis zum 31.12.2023

ADATA Technology B.V.

Amsterdam/Niederlande

2.1 Balance sheet as at 31 December 2023

(After distribution of result)

Assets

Equity and liabilities

2.2 Income statement for the year 2023

2.3 Notes to the financial statements

Entity information

Registered address and registration number trade register

The registered and actual address of ADATA Technology B.V. is Siriusdreef 17-27, 2132 WT in Hoofddorp. ADATA Technology B.V. is registered at the Chamber of Commerce under number 34259092.

General notes

The most important activities of the entity

The activities of ADATA Technology B.V. primarily consist of services regarding import, export and trade related to information technology products.

General accounting principles

The accounting standards used to prepare the financial statements

The financial statements are drawn up in accordance with the provisions of Title 9, Book 2, of the Dutch Civil Code and the Dutch Accounting Standards applicable to small legal entities, as published by the Dutch Accounting Standards Board (Raad voor de Jaarverslaggeving).

Assets and liabilities are generally valued at historical cost, production cost or at fair value at the time of acquisition. If no specific valuation principle has been stated, valuation is at historical cost. In the balance sheet and profit and loss account, references are made to the Notes.

Conversion of amounts denominated in foreign currency

Transactions in foreign currencies are stated in the financial statements at the exchange rate of the functional currency on the transaction date.

Monetary assets and liabilities in foreign currencies are converted to the closing rate of the functional currency on the balance sheet date. The translation differences resulting from settlement and conversion are credited or charged to the profit and loss account.

Non-monetary assets valued at historical cost in a foreign currency are converted at the exchange rate on the transaction date.

Non-monetary assets valued at fair value in a foreign currency are converted at the exchange rate on the date on which the fair value was determined.

Accounting principles

Property, plant and equipment

Tangible fixed assest are valued at historical cost less accumulated depreciation and, if applicable, less impairments in value. Depreciation is based on the estimated usefull life and calculated as a fixed percentage of cost, taking into account any residual value. Depreciation is provided from the date an asset comes into use.

Receivables

Receivables are initially valued at the fair value of the consideration to be received, including transaction costs if material. Receivables are subsequently valued at the amortised cost price. Provisions for bad debts are deducted from the carrying amount of the receivable.

Accounting principles for determining the result

The result is the difference between the realisable value of the goods/services provided and the costs and other charges during the year. The results on transactions are recognised in the year in which they are realised.

Revenue recognition

Net turnover comprises the income from the supply of goods and services and realised income from construction contracts after deduction of discounts and such like and of taxes levied on the turnover.

Revenues from the services rendered are recognised in proportion to the services delivered, based on the services rendered up to the balance sheet date in proportion to the total of services to be rendered.

Wages

The benefits payable to personnel are recorded in the income statement on the basis of the employment conditions.

Amortisation of intangible assets and depreciation of property, plant and equipment

Depreciation of fixed assets is based on the estimated usefull life and calculated as a fixed percentage of cost, taking into account any residual value. Depreciaiton is provided from the date an asset comes into use. Book profits and losses upon disposal of a business asset are included in depreciaiton.

Other operating expenses

Costs are determined on a historical basis and are attributed to the reporting year to which they relate.

Financial income and expenses

Interest income and expenses consist of interest received from or paid to third parties.

Income tax expense

Tax on the result is calculated based on the result before tax in the profit and loss account, taking account of the losses available for set-off from previous financial years (to the extent that they have not already been included in the deferred tax assets) and exempt profit components and after the addition of non-deductible costs. Due account is also taken of changes which occur in the deferred tax assets and deferred tax liabilities in respect of changes in the applicable tax rate.

2.4 Notes to the balance sheet as at 31 December 2023

Assets

Fixed assets

1 Property, plant and equipment

Current assets

Receivables

2 Trade debtors

3 Taxes and social security charges

4 Other receivables and accrued income

5 Cash and cash equivalents

Equity and liabilities

6 Equity

Movements in equity were as follows:

Statement of the proposed appropriation of the result

The management of the company proposes to appropriate the result as follows:

The appropriation of profit for the period 2023 in the amount of € 27.437 will be fully added to the other reserves.

This proposal needs to be determined by the General Meeting and has therefore not yet been processed in the annual accounts 2023 for the company.

7 Called-up share capital

The issued share capital comprised of 7.000 shares of € 42,86 each.

8 Other reserves

Short-term liabilities

9 Trade payables

10 Payables relating to taxes and social security contributions

11 Other liabilities and accrued expenses

Off-balance-sheet rights, obligations and arrangements

Disclosure of off-balance sheet commitments

The annual amount of rental obligations for offices and parking is ca. € 3,000. The remaining duration of the contracts is with a notice period of up to 3 months.

2.5 Notes to the income statement for the year 2023

12 Net turnover

13 Expenses of employee benefits

Wages and salaries

Social security charges

Other personell expenses

14 Depreciation

Depreciation of property, plant and equipment

15 Other operating expenses

Housing expenses

Selling expenses

Office expenses

General expenses

Financial income and expense

16 Interest and similar income

17 Interest and similar expenses

2.6 Other notes

Average number of employees