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"value": " Note 1 Subsidiaries LINK Mobility Group Holding ASA owns 100% of LINK Mobility Group AS, which in turn owns 100% the LINK subsidiaries. The Group\u2019s subsidiaries as at 31 December 2023 are listed below. Name of entity Date of acquisition Place of business / country of Ownership registrationinterestLINK Mobility Group AS 10/9/2018 Oslo, Norway 100 %LINK Mobility AS 10/9/2018 Oslo, Norway 100 %LINK Mobility USA AS 5/27/2021 Oslo, Norway 100 %Tismi AS 7/1/2021 Oslo, Norway 100 %BK Invest Alpha GmbH 11/16/2020 Vienna, Austria 100 %LINK Mobility Austria GmbH 11/16/2020 Graz, Austria 100 %Simple SMS GmbH 10/9/2018 Wels, Austria 100 %Allterpay EOOD 7/29/2019 Sofia, Bulgaria 100 %LINK Mobility Bulgaria EAD 7/29/2019 Sofia, Bulgaria 100 %LINK Mobility Holding Aps 3/11/2020 Copenhagen, Denmark 100 %LINK Mobility A/S 10/9/2018 Copenhagen, Denmark 100 %Tismi A/S 10/9/2018 Copenhagen, Denmark 100 %MarketingPlatform Aps 6/7/2021 Vejen, Denmark 100 %LINK Mobility Oy 10/9/2018 Tampere, Finland 100 %Labyrintti International Oy 10/9/2018 Tampere, Finland 100 %LINK Mobility SAS 10/9/2018 Paris, France 100 %Netsize SAS 1/9/2019 Paris, France 100 %LINK Mobility Holding SAS 11/2/2023 Paris, France 100 %LINK Mobility GmbH 10/9/2018 Hamburg, Germany 100 %GfMB Gesellschaft f\u00fcr Mobiles Bezahlen 10/9/2018 Hamburg, Germany 100 %LINK Mobility Hungary Kft. 12/18/2018 Budapest, Hungary 100 %1LINK Mobility Italia Srl10/9/2018 Milan, Italy 100 %Tismi B.V. 3/10/2021 Bunnik, Netherlands 100 %Tismi Mobile B.V. 3/10/2021 Bunnik, Netherlands 100 %LINK Mobility Sp.z.o.o 10/9/2018 Gliwice, Poland 100 %Razvoen Centar na eMailPlatfor DOOEL 6/7/2021 Kumanovo,100 %Republic of North MacedoniaTera Communications DOOEL 7/29/2019 Skopje,100 %Republic of North MacedoniaLINK Mobility SRL 10/2/2017 Bucharest, Romania 100 %Teracomm RO SRL 7/29/2019 Bucharest, Romania 100 %LINK Mobility Spain S.L.U. 10/9/2018 Madrid, Spain 100 %Altiria TIC Sociedad Limitada 12/14/2021 Madrid, Spain 100 %LINK Mobility AB 10/9/2018 Stockholm, Sweden 100 %2LINK Messaging AG10/9/2018 Rorschach, Switzerland 100 %LINK Mobility UK Limited 12/14/2018 Edinburgh, Scotland 100 %Netsize UK Ltd. 1/9/2019 London, United Kingdom 100 %Message Broadcast LLC 6/24/2021 Newport Beach, USA 100 %1 AMM S.p.A. and Matelab Srl were merged with LINK Mobility Italia Srl in 2023.2 Formerly Horisen Messaging AG.Note 2 Adoption of new and revised International Financial Reporting Standards (IFRS)A number of amended IFRS standards issued by the International Accounting Standards Board (IASB) and IFRS interpretations issued by the IFRS Interpretations Committee (IFRS IC) are effective for accounting periods commencing on or after 01 January 2023. The requirements arising from revised IFRSs or IFRIC interpretations are embedded in the recognition, measurement and disclosures relevant to the consolidated \ue7bcnancial statements of the Group from the date of establishment. The accounting policies adopted are described in Note 3 Summary of signi\ue7bccant accounting policies.Standards and interpretations affecting amounts reported in the current periodThe accounting policies adopted, and methods of computation followed are consistent with those of the previous financial year, except for items disclosed below. The adoption of the following standards and interpretations has not had any material impact on the disclosures or on the amounts reported in these financial statements: \u2022 Amendment to IFRS 7 and IAS 7 regarding supplier finance arrangements \u2022 Amendments to IAS 12 to provide a temporary exception to the requirements regarding deferredtax assets and liabilities related to pillar two income taxes.As at the date of authorisation of these \ue7bcnancial statements, Standards and Interpretations had been issued by the IASB but were not effective for the \ue7bcnancial year ended 31 December 2023. At the date of these \ue7bcnancial statements, it is not foreseable that these changes will not have a material impact on the \ue7bcnancial reporting for the Group.New or amended standards that have effective date on 01 January 2025 or later have not been assessed if these will have any impact on Link Mobility Groups \ue7bcnancial statements in the period of initial application. Management will continue to follow the development of changes to Standards and Interpretations issued by the IASB throughout 2024.Note 3 Summary of significant accounting policies3.1 General informationLINK Mobility Group Holding ASA is the parent company of LINK Mobility Group AS, and is headhquartered in Oslo, Norway. LINK is Europe\u2019s leading provider of mobile and CPaaS solutions specializing in messaging, digital services, and intelligent data usage.LINK Mobility Group Holding ASA (\u201cthe Company\u201d) is a limited liability Company incorporated and domiciled in Norway. The address of the registered office is Universitetsgata 2, 0164 Oslo, Norway. LINK Mobility Group Holding ASA is the parent company of the LINK Mobility Group AS. LINK Mobility Group AS provides services in mobile communication and specialises in mobile messaging services, mobile solutions, and mobile intelligence. LINK Mobility Group Holding ASA and its subsidiaries are regarded as \u201cthe Group\u201d.These financial statements were approved for issue by the Board of Directors on date 26 April 2024. Minor rounding differences may be present, and the total may deviate from the total of the individual amounts. This is due to the rounding of whole figures to thousands for presentation purposes.3.2 Basis for preparationThe financial statements of the Company and the Group have been prepared in accordance with IFRS\u00ae Accounting Standards as adopted by the EU and the Norwegian Accounting Act. The financial statements have been prepared on the historical cost basis.The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgments in applying the Group\u2019s accounting policies. Areas involving a high degree of judgment or complexity, and areas in which assumptions and estimates are significant to the financial statements are disclosed in Note 4 Critical accounting judgments and key sources of estimation variances. The financial statements have been prepared on a going-concern basis.The presentation currency of the financial statement is Norwegian kroner (NOK). Amounts are rounded to nearest thousand, unless otherwise stated.3.3 Business combinationsBusiness combinations are accounted for using the acquisition method. The consideration transferred and all the identifiable assets and liabilities of acquired entities are, with limited exceptions measured at fair values at the date of acquisition. Acquisition-related costs are recognized in the income statement as incurred.Goodwill arising from an acquisition is recognized as an asset measured as the excess of the sum of the consideration transferred, the fair value of any previous held equity interest and the amount of any non-controlling interest in the investee over the net amounts of the identifiable assets acquired and the liabilities assumed. If, after reassessment, the Group\u2019s interest in the net fair value of the investee\u2019s identifiable assets, liabilities and contingent liabilities exceeds the total consideration of the business combination, the excess is immediately recognized in the income statement. Goodwill is allocated to each of the Group\u2019s cash-generating units (or groups of cash generating units) that is expected to benefit from the synergies of the combination. A cash-generating unit is the smallest identifiable group of assets that generate cash inflows that are largely independent of the cash inflows from other assets or group of assets. If the recoverable amount of the cash-generating unit is less than its carrying amount, the impairment loss is allocated first to reduce the carrying amount of each asset in the unit. Any impairment loss for goodwill is recognized directly in profit or loss. An impairment loss recognized for goodwill is not reversed in subsequent periods.When the consideration transferred by the Company in a business combination includes contingent consideration arrangements, the contingent consideration is measured at its acquisition date fair value and included as part of the consideration transferred in a business combination. Changes in fair value of the contingent consideration that qualify as measurement period adjustments are adjusted retrospectively, with corresponding adjustments recognized in goodwill. Measurement period adjustments arise from additional information obtained during the \u2018measurement period\u2019 (which cannot exceed one year from the acquisition date) about facts and circumstances that existed at the acquisition date. The subsequent accounting for changes in the fair value of the contingent consideration that do not qualify as measurement period adjustments depends on how the contingent consideration is classified. Contingent consideration that is classified as equity is not remeasured at subsequent reporting dates and its subsequent settlement is accounted for within equity. Other contingent consideration is remeasured to fair value at subsequent reporting dates with changes in fair value recognized in profit or loss.If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Group reports provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted during the measurement period (see above), or additional assets or liabilities are recognized, to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the amounts recognized as of that date.3.4 Current/non-current classificationAn asset is classified as current when it is expected to be realised, or is intended for sale or consumption, in the Group\u2019s normal operating cycle, it is expected/due to be realised or settled within next twelve month after the reporting date. The normal operating cycle for trade receivables is between 30 - 45 days. Other assets are classified as non-current. A liability is classified as current when it is expected to be settled in the Group\u2019s normal operating cycle, the liability is due to be settled within twelve months after the reporting period or if the Group does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting period. The normal operating cycle for trade payables is between 30 - 45 days. All other liabilities are classified as non-current.3.5 Revenue recognitionRevenues are recognized when services are rendered and measured based on the consideration to which the Group expects to be entitled in a contract with a customer net of discounts and sales related taxes. The Group recognises revenue when it transfers control of a product or service to a customer.When another party is involved in providing goods or services to a customer, the Group evaluates whether it has an obligation to provide the specified service itself (i.e. the Group is the principle) or to arrange for those services to be provided by the other party (i.e. the Group is the agent). Where the Group does not control the service, the Group is considered an agent in the transaction. Revenues primarily comprise sale of services that enable customers to communicate by mobile phone with their customers. To be able to render these services, the Group needs to obtain services from one or more telecommunication operators. Cost incurred that are directly related to fulfilling a specified contract with a customer are regarded as a contract fulfilment cost and are expensed in the period in which the related revenue is recognized.The services rendered are split into the following groups:Type of service Timing of recognition Measurement of revenueMobile messaging The Group provides mobile The revenue is based on the transactionsmessaging services via SMS price speci\ue7bced in the sales con-and other messaging channels tract, net of discounts and value such as Apps, Facebook, Mes-added tax.senger, WhatsApp and email. Revenue from messaging is recognized when the message service has been provided; when the messages are deliv-ered to the recipient.Payment services The Group offers payment The Group acts as an agent solutions where the customer for this type of service and the can get their customers (the performance obligation is to end users) to pay for services arrange for the provision of by charging their mobile phone services by another party. Con-account or credit/debit card. As sequently, only the income from payment for these services, the the processed transactions is Group is entitled to remunera-recognized as revenue.tion related to the processed transactions/payment. Revenue is recognized when the payment service is rendered.Licences License revenue consists of The revenue is based on the revenue from monthly fees price speci\ue7bced in the sales con-paid by customers for access tract, net of discounts and value to Group platforms and solu-added tax.tions. No proprietary rights are transferred to the customer. The revenue is recognized through-out the duration of the license agreement.Consulting services Revenue from consulting The revenue is based on the services is recognized in the price speci\ue7bced in the sales con-accounting period during which tract, net of discounts and value the services are rendered.added tax.3.6 Foreign currency translationThe consolidated financial statements are presented in NOK, which is the functional currency of LINK Mobility Group Holding ASA. In preparing the financial statements of the individual companies, transactions in currencies other than NOK are recognized at the rate of exchange on the date of the transaction. At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the balance sheet date. Non-monetary items carried at fair value in foreign currencies are translated using the exchange rate at the date when the fair value was measured. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated after the transaction date.Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the income statement as financial items. All other foreign exchange gains and losses are presented on a net basis in the income statement as other operating expenses. Exchange differences are recognized in the income statement in the period in which they arise.For the purposes of presenting consolidated financial statements, the assets and liabilities of the Group\u2019s foreign operations are translated to NOK at exchange rates on the reporting date. Income and expense items are translated to NOK at the average exchange rates for the period, unless exchange rates fluctuate significantly during that period, in which case the exchange rates at the date of transactions are used. Exchange differences arising, if any, are recognized in other comprehensive income and accumulated in a separate component of equity.Goodwill and fair value adjustments arising from the acquisition of a foreign entity are considered as assets and liabilities of the foreign entity and translated at the closing rate. These exchange differences are recognized in other comprehensive income.On the disposal of a foreign operation (i.e. a disposal of the Group\u2019s entire interest in a foreign operation), or a disposal involving loss of control over a subsidiary that includes a foreign operation, all of the exchange differences accumulated in a separate component of equity in respect of that operation attributable to the owners of the foreign operation are reclassified to the income statement. In addition, in relation to a partial disposal of a subsidiary that includes a foreign operation that does not result in the Group losing control over the subsidiary, the proportionate share of accumulated exchange differences is re-attributed to non-controlling interests and are not recognized in profit or loss.Please refer to note 20 for an overview of other functional currencies at the subsidiary level.3.7 Equipment and fixturesEquipment and fixtures are initially recognized at cost, which includes the purchase price (including duties and non-refundable purchase taxes) and any directly attributable costs of bringing the asset to the location and condition necessary for it to be able to operate in the intended manner. Equipment and fixtures are subsequently recognized at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is recognized using the straight-line method to reduce the cost of assets less their residual values over their useful lives. Depreciation commences when the assets are ready for their intended use.Estimated useful life, depreciation method and residual values are reviewed at least annually. The straight-line depreciation method is used as this best reflects the consumption of the assets, which often is the passage of time. Residual value is estimated to be zero for all assets. Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognized and any remaining net carrying amount is recognized in operating profit (loss) as loss on disposal.An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. The gain or loss arising on the disposal or retirement of an item of equipment and fixtures is determined as the difference between the sales proceeds and the carrying amount of the asset and is presented as other income or other expenses in the income statement.3.8 Impairment of non-financial assetsAt each reporting date, the Group reviews if there are any indicators that the carrying amounts of its tangible and intangible assets may be impaired. If any such indication exists, the recoverable amount of the asset is estimated to determine the extent of the impairment loss (if any). Where the asset does not generate cash flows that are independent from other assets, the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. When a reasonable and consistent basis of allocation can be identified, corporate assets are also allocated to individual cash-generating units, or otherwise they are allocated to the smallest group of cash-generating units for which a reasonable and consistent allocation basis can be identified.Goodwill and intangible assets with an indefinite useful life are tested for impairment at least annually and whenever there is an indication that the asset may be impaired.Recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognized immediately in the income statement.Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase. Any impairment loss recognized for goodwill is not reversed in a subsequent period.3.9 LeasesAt the inception of a contract, the company assesses whether the contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The lease liability is recognized at the commencement date and measured at the present value of the remaining lease payments, discounted using the company\u2019s incremental borrowing rate at the commencement date. The lessee\u2019s incremental borrowing rate is the rate of interest that a lessee would have to pay to borrow over a similar term, and with similar security, the funds necessary to obtain an asset of a similar value of the right-of-use asset in a similar economic environment. The Group has chosen to measure the Right-of-Use asset (RoU assets) at an amount equal to the lease liability for all leases by using the lessee\u2019s incremental borrowing rate; the rate may differ from country to country. RoU assets are depreciated over the lease term as this is ordinarily shorter than the useful life of the assets. The lease term represents the non-cancellable period of the lease, together with periods covered by an option either to extend or to terminate the lease when the company is reasonably certain to exercise this option. The Group applies the exemption for short term leases (12 months or less) and low value leases. As such, related lease payments are not recognized in the balance sheet but expensed or capitalized in line with the accounting treatment for other non-lease expenses. The inclusion of non-lease components may vary across different lease categories.3.10 Financial InstrumentsFinancial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. The Group has classified the financial instruments into the following categories of financial assets and liabilities: Financial assets and liabilities at fair value through profit and loss (FVTPL), financial assets at amortized cost (FAAC), financial assets at fair value through other comprehensive income (FVTOCI) and Financial liability at cost (FLAC). Currently the Group does not have any assets in the classification of FVTOCI. The categorisation of financial instruments (financial assets and liabilities) for measurement purposes is based on the nature and purpose of the financial instrument and is determined on initial recognition. The Group presents financial assets and liabilities in the following classes: trade and other receivables (FAAC), cash and cash equivalents, trade and other payables (FLAC), and borrowings (FLAC). Trade receivables and other current and non-current financial assetsThe financial assets held by the Group, primarily trade and other receivables, are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows and are thus measured subsequently at amortized cost less loss allowances. The impairment model in IFRS 9 Financial Instruments requires the recognition of impairment provisions based on expected credit losses (ECL). The Group recognises an allowance for expected credit losses on trade receivables. The amount of expected credit losses is updated at each reporting date to reflect changes in credit risk since initial recognition. The impairment is calculated by taking into account the historic evidence of the level of credit losses experienced and the ageing profile of the trade receivables. Individual trade receivables are impaired when management assesses them not to be wholly or partially collectible. Cash and cash equivalentsCash and cash equivalents include cash, bank deposits and commercial papers with original maturities of three months or less. Financial liabilitiesTrade and other payables include trade payables and other current and non-current, non-interest-bearing financial liabilities. Borrowings (non-current and current) include bank loans and overdrafts. These liabilities are initially recognized in the statement of financial position at fair value (net of any transaction costs), and subsequently measured at amortized cost using the effective interest rate method.The effective interest method calculates the amortized cost of a financial liability and the allocation of interest expense over the relevant period. The effective interest rate is the rate that discounts estimated future cash payments, including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts, through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortized cost of a financial liability.The Group derecognises financial liabilities when, and only when, the Group\u2019s obligations are discharged, cancelled, or have expired. The difference between the carrying amount of the financial liability derecognized, and the consideration paid and payable is recognized in profit or loss.3.11 Cash flowThe Group presents the statement of cash flows using the indirect method. Cash inflows and outflows are shown separately for investing and financing activities, while operating activities include both cash and non-cash line items. Interest received and paid, and dividends received, are reported as a part of operating activities. Dividends distributed are included as a part of financing activities. Value Added Tax and other similar taxes are regarded as collection of tax on behalf of authorities.3.12 Employee benefitsThe Group operates a defined contribution plan (DCP) for post-retirement benefits. A defined contribution plan is a pension plan under which the Group pays fixed contributions to a separate entity (insurance company). The Group has no legal or constructive obligations to pay further contributions to the pension plan for benefits relating to employee service in the current and prior periods. Payments to defined contribution retirement benefit plans are recognized as an expense when employees have rendered service entitling them to the contributions. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available.3.13 Taxation Income tax in the income statement includes both taxes payable for the period and the change in deferred taxes. The change in deferred taxes reflects future taxes payable resulting from the year\u2019s activities. Deferred taxes are determined based on the accumulated result, which falls due for payment in future periods. Deferred taxes are calculated on net positive timing differences between accounting and tax balance sheet values, after offsetting negative timing differences and losses carried forward under the liability method. A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets are reduced to the extent that it is no longer probable that the related tax benefit will be realized.Deferred tax assets and liabilitiesDeferred tax assets and liabilities are presented net of their respective tax effect using tax rate of the applicable jurisdiction applied to amounts representing future tax deductions or taxes payable.Negative and positive timing differences, which reverse or may reverse in the same period, are offset. Deferred taxes are calculated on the basis of timing differences and losses carried forward that are offset. Timing differences between different subsidiaries have not been offset. During the period that these differences reverse, the companies will have a taxable net income that is sufficient to realize the deferred tax allowance. The losses carried forward are all in countries where future taxable profits are expected.3.14 Hedge accountingOn 15 December 2020, LINK Mobility Group Holding ASA (hereafter \u201cLINK\u201d) issued a bond for EUR 200 million. As a result of the successful issue, it was decided to revert to a hedge of the net investment in a subsidiary that uses Euro as their functional currency. The Group applies hedge accounting for hedges that meet the criteria for hedge accounting. The Group has a hedge of net investments in foreign operations.At the inception of each hedge relationship, the Group designated and documented the hedge accounting relationship, risk management objective, and strategy for undertaking the hedge. The documentation includes identification of the hedging instrument, the hedged item or transaction, the nature of the risk being hedged, and how the entity will assess the hedging instrument\u2019s effectiveness in offsetting the exposure to change in the hedged item\u2019s fair value of cash flows attributable to the hedged risk. Such hedges are expected to be highly effective in achieving offsetting changes in fair value or cash flows and are assessed on an ongoing basis to determine that they have been highly effective throughout the financial reporting periods for which they were designated.Hedge relationships that meet the requirements for hedge accounting are accounted for in the Group\u2019s consolidated financial statements as follows:Hedge of a net investmentA hedge of a net investment in a foreign operation is accounted for in a similar way to a cash flow hedge. Foreign exchange gains or losses on the hedging instrument relating to the effective portion of the hedge are recognized directly in comprehensive income while any foreign exchange gains or losses relating to the ineffective portion are recognized in the income statement. On disposal of the foreign entity, the cumulative foreign exchange gains or losses recognized in other comprehensive income is reclassified to the income statement.Exchange rate riskNet investment hedge accounting is applied when possible.ObjectiveTo reduce exposure to foreign currency risk, the objective is to hedge the outstanding bond principal (EUR) against the relevant subsidiaries comprising the underlying EUR cash flow of the company. It is to be recognized as the actual value representing future liabilities based on the exchange rates at the balance sheet date. In accordance with IFRS 9, the transaction costs related to the bond issue which was settled on 15 December 2020 are accretion expensed (added back) over the lifetime of the bond, thus reaching nominal value at maturity in Q4 2025.In this case, the hedging instrument is a natural hedge between liabilities and assets denominated in EUR. Specifically, debt held in EUR and investments in subsidiaries denominated in EUR form the hedging relationship.Note 4 Critical accounting judgments and key sources ofestimation variancesIn the application of the Group\u2019s accounting policies, as described in note 3 (summary of significant accounting policies), management is required to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities, income and expenses. Estimates and judgments are evaluated on an ongoing basis and are based on historical experience and other factors, including expectations of future events that are considered to be relevant. Future events may cause these estimates to change and actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Changes in accounting estimates are recognized in the period when the changes occurred, if they apply to that period. If the changes also apply to future periods, the effect will be distributed between the current period and future periods.Estimated impairment of goodwill and other intangible assetsThe carrying amounts of non-current tangible and intangible assets are assessed by means of impairment tests whenever there is an indication of impairment. Any impairment of goodwill is assessed at least annually. The recoverable amounts of cash-generating units have been determined based on value-in-use calculations. These calculations require management to estimate the future cash flows expected to arise from the cash-generating unit and a suitable discount rate in order to calculate present value. As of 31 December 2023, the amount of goodwill tested for impairment amounted to KNOK 6 070 974 (FY2022 - KNOK 5 788 277). In the prior year, an impairment loss of NOK 180 million was recognized in the Spanish CGU in the Western Europe region (FY2023 - nil). Please refer to notes 3 (summary of significant accounting policies) and 13 (intangible assets) for further details related to the impairment testing methodology and results.Note 5 Discontinued operationsOperations presented as discontinued operations include Message Broadcast LLC. LINK signed a sales and purchase agreement (SPA) on 07 November 2023; the divestment of Message Broadcast LLC (US subsidiary) was closed on 03 January 2024. Refer to note 24 for further information regarding this transaction.Discontinued operationsDiscontinued operations represent a separate major line of business that has been disposed. Discontinued operations are excluded from the results of continuing operations and are presented as a single line, after tax, in the consolidated statement of profit and loss. Discontinued operations are also excluded from segment reporting (note 6); it was previously included as it\u2019s own segment (North America).The profit (loss) of the disposed entity is presented as discontinued operations until disposal, and subsequent adjustments are presented in the following table: Statement of profit and loss from discontinued operations:(Amounts in NOK 1 000) 2023 2022Total revenue 398,683 276,309 Gross profit 317,354 246,594 Payroll and related expenses -91,684 -67, 244 Other operating expenses -72,978 -50,713 Depreciation and amortization -24,857 -9,270 Operating profit (loss) 127,835 119,367 Finance income (expense) -49,576 -50,869 Profit (loss) before income tax 78,259 68,499 Income tax 162 67 Profit (loss) from Message Broadcast LLC 78,096 68,432 Statement of profit and loss from discontinued operations (continued):(Amounts in NOK 1 000) 2023 2022Profit (loss) from Message Broadcast LLC 78,096 68,432 Currency option premium -12,573 - Legal fees -5,904 - Excess value amortization, management fee, and intercompany loan interest -55,923 -48,936 Profit (loss) from discontinued operations before income tax 3,697 19,496 Income tax 25,229 22,961 Profit (loss) from discontinued operations 28,926 42,457 The currency option premium is representative of costs incurred to secure a EUR call option (EUR/USD).The accumulated amounts for discontinued operations recognized in other comprehensive income (OCI) within equity are as follows:(Amounts in NOK 1 000) 2023 2022Accumulated currency translation effects -104,650 -148,546Accumulated currency translation effects are expected to flow through the profit and loss once the transaction is completed.Explanation of the restated income for 2022: Reported in Discontinued Restated in2022 operation 2022 Revenue 5,190,049 276,309 4,913,740 Total operating revenue 5,190,049 276,309 4,913,740 Direct cost of services rendered -3,805,181 -29,715 -3,775,466 Payroll and related expenses -565,492 -67,24 4 -498,247 Other operating expenses -341,745 -40,492 -301,253 Depreciation and amortization -415,592 -118,607 -296,985 Impairment of intangible assets and goodwill -180,360 - -180,360 Total operating expenses -5,308,369 -256,058 -5,052,311 Operating profit (loss) -118,320 20,251 -138,571 Finance income and finance expenses Net currency exchange gains (losses) 93,776 -450 94,227 Net interest expense -148,556 -203 -148,353 Net other financial expenses 17,670 -35 17,705 Total finance income (expense) -37,109 -688 -36,421 Loss before income tax -155,429 19,563 -174,992 Income tax 4,323 22,894 -18,570 Loss from continuing operations -151,106 42,457 -193,563Statement of financial position for assets held as available for sale:(Amounts in NOK 1 000) 2023 ASSETS Goodwill 1,713,079 Other intangible assets 1,000,818 Trade and other receivables 98,375 Cash and cash equivalents 11,636 Equipment and fixtures 1,527 Right-of-use assets 5,856 Other non-current assets 219 Total current assets held as available for sale 2,831,510 LIABILITIES Liabilities Short-term borrowings Lease liabilities 5,957 Trade and other payables 100,857 Income tax payable 69 Deferred tax liabilities 189,943 Total short-term liabilities held as available for sale 296,825Note 6 Segment reporting(Amounts in NOK 1000)The Group reports revenue, gross margin (revenue less direct costs) and adjusted EBITDA in functional operating segments to the Board of Directors (the Group\u2019s chief operating decision makers). While LINK uses all four measures to analyze performance, the Group\u2019s strategy of profitable growth means that adjusted EBITDA is the prevailing measure of performance (refer to alternate performance measures).An examination of operating units based on market maturity and product development as well as geography identifies four natural reporting segments. These are Northern Europe, Western Europe, Central Europe, and Global Messaging; these represent market clusters. Generally, regions are segregated into similar geographic locations as these follow similar market trends. Global Messaging includes all regions with aggregator traffic; the other three have enterprise traffic.The regions are:Northern EuropeNorthern Europe is comprised of Norway, Sweden, Denmark, and Finland.Central EuropeCentral Europe is comprised of Bulgaria, Romania, North Macedonia, Poland, Hungary, Germany, Austria, and the Netherlands.Western EuropeWestern Europe is comprised of Spain, France, the United Kingdom, and Italy.Global MessagingGlobal messaging is comprised of non-enterprise traffic and is representative of either stand-alone business or as a component of revenues in countries included above. If a business is comprised of both enterprise and wholesale/aggregator transactions, the latter is segregated here. The Swiss operation Horisen Messaging is included here.Wholesale/aggregator business is defined as an operating unit within LINK\u2019s industry, and that use LINK connections in markets where they do not have such connections themselves. This business can generally be referred to, at least partly, as a direct competitor that use LINK connections.Smaller local aggregators cannot be expected to be covered efficiently by Global Messaging and as such they are still subject to local handling (not a focus area though because they are generally low margin and switch easily).Revenue per segment 2023 2022Northern Europe 1,489,934 1,364,335 Central Europe 1,461,521 1,183,616 Western Europe 1,750,286 1,423,472 Global Messaging 1,580,386 942,317 Total from continuing operations 6,282,126 4,913,740 Total from discontinued operations 398,683 276,309 Gross profit per segment 2023 2022Northern Europe 409,637 375,816 Central Europe 412,233 361,792 Western Europe 409,513 317,179 Global Messaging 116,302 83,487 Total from continuing operations 1,347,685 1,138,275 Total from discontinued operations 317,354 246,594 Adjusted EBITDA per segment 2023 2022Northern Europe 256,367 226,653 Central Europe 271,711 232,052 Western Europe 201,353 153,469 Global Messaging 74,352 47,998 Group Costs -190,661 -174,653 Total from continuing operations 613,121 485,518 Total from discontinued operations 159,345 143,802 Reconciliation of adjusted EBITDA to Group profit (loss) before income tax 2023 2022Adjusted EBITDA 613,121 485,518 Non-recurring items* -135,269 -146,744 Depreciation and amortization -337,535 -477,345 Operating profit 140,317 -138,571 Finance income (expense) -89,345 -36,421 Total from continuing operations 50,972 -174,992 Total from discontinued operations 28,926 42,457 *Non-recurring itemsNon-recurring items is comprised of amounts that relate entirely to the company. Costs related to mergers and acquisitions, personnel cost deemed to be non-recurring (or one-off), restructuring expenses, advisors, and licenses are included in this reconciliation line item (this list is not exhaustive)Disaggregation of revenueThe Group\u2019s operations are conducted through its subsidiaries in the countries listed below. The Group derives its revenue from contracts with customers for the transfer of services as described in the table provided in note 3 to the financial statements.2023 2022Revenue per business lineMobile messaging transactions 6,010,031 4,674,725 Payment services 26,224 25,054 Licenses 214,994 188,384 Consulting services 30,877 25,578 Group revenue from continuing operations 6,282,126 4,913,740 Group revenue from discontinued operations 398,683 276,309 Revenue per geographical regionAustria 216,917 210,443 Bulgaria 159,785 112,151 Denmark 186,432 172,014 Finland 136,625 100,597 France 995,333 846,996 Germany 604,051 486,481 Hungary 24,628 17,213 Italy 514,426 415,764 Latvia - 40 The Netherlands 92,095 146,892 North Macedonia 2,202 1,878 Norway 855,462 753,586 Poland 304,213 241,811 Romania 5,568 4,023 Spain 153,123 116,977 Sweden 392,530 352,422 Switzerland 1,542,474 869,706 United Kingdom 96,262 64,747 Total geographical revenue from continuing operations 6,282,126 4,913,740 Total geographical revenue from discontinued operations 398,683 276,309Note 7 Leases(Amounts in NOK 1000)This note provides information for leases where the group is a lessee.Amounts recognized in the balance sheetThe balance sheet shows the following amounts related to leases:Right-of-use assets Leased Leased Other Totalvehiclespremisesleased itemsPeriod ended 31 December 2022Opening net book amount 685 60,116 3,597 64,398 Additions 902 1,696 - 2,598 Net additions from acquired businesses - - - - Depreciation charge (968) (15,027) (3,137) (19,131)Closing net book amount 31.12 620 46,785 460 47,865 Period ended 31 December 2023Opening net book amount 620 46,785 460 47,865 Additions 1,182 14,434 344 15,960 Net additions from acquired businesses - - - - Depreciation charge (1,068) (17,965) (804) (19,836)Closing net book amount 31.12 734 43,254 (0) 43,988 Closing net book amount 31.12 (held as available for sale) - 5,633 222 5,856 Estimated useful life, depreciation plan and residual value is as follows:Economic (useful) life 0 - 3 years 0 - 5 years 0 - 3 yearsDepreciation plan Linear Linear Linear Lease liabilities Leased Leased OtherTotalvehiclespremisesleaseditemsPeriod ended 31 December 2023Opening lease liability 647 47,445 506 48,599 New lease liabilities recognized in the period 1,182 14,434 344 15,960 Total leasing payments for the lease liability (999) (21,188) 262 (21,924)Interest expense on lease liabilities 180 3,021 135 3,336 Closing net book amount 31.12 1,010 43,713 1,247 45,970 Closing net book amount 31.12 (held as available for sale) - 5,721 235 5,956 Whereof:Current lease liabilities 14,549 Non-current lease liabilities 31,421 The Group\u2019s leasing activities and how these are accounted for:The Group leases office space, equipment and vehicles. Rental contracts are typically made for fixed periods between 1 and 10 years but may have extension options as described below.Contracts may contain both lease and non-lease components. The Group allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone prices. However, for leases of real estate (buildings) for which the group is a lessee, it has elected not to separate lease and non-lease components and instead accounts for these as a single lease component.Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leased assets may not be used as security for borrowing purposes.Leases are recognized as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the Group.Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: \u2022 Fixed payments (including in-substance fixed payments), less any lease incentives receivable; \u2022 Variable lease payment that are based on an index or a rate, initially measured using the index or rate as at the commencement date; \u2022 Amounts expected to be payable by the group under residual value guarantees; \u2022 The exercise price of a purchase option if the group is reasonably certain to exercise that option; and \u2022 payments of penalties for terminating the lease, if the lease term reflects the group exercising that option.Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability.The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the Group, the lessee\u2019s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions.To determine the incremental borrowing rate, the Group: \u2022 Where possible, uses recent third-party financing received by the individual lessee as a startingpoint, adjusted to reflect changes in financing conditions since third party financing was received;\u2022 Uses a build-up approach that starts with a risk-free interest rate adjusted for credit risk for leasesheld by Group subsidiaries, which do not have recent third-party financing; and \u2022 Makes adjustments specific to the lease (i.e. term, country, currency and security).The Group is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset.Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period.Right-of-use assets are measured at cost comprising the following: \u2022 The amount of the initial measurement of lease liability; \u2022 Any lease payments made at or before the commencement date less any lease incentives received; \u2022 Any initial direct costs; and \u2022 Restoration costs.Right-of-use assets are generally depreciated over the shorter of the asset\u2019s useful life and the lease term on a straight-line basis. If the Group is reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying asset\u2019s useful life. While the Group revalues its land and buildings that are presented within property, plant and equipment, it has chosen not to do so for the right-of-use buildings held by the Group.Payments associated with short-term leases of equipment and vehicles and all leases of low-value assets are recognized on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less. Low-value assets comprise IT equipment and small items of office furniture.Variable lease paymentsThe Group is not exposed to variable lease payments.Extension and termination options:Extension and termination options are included in certain property and equipment leases across the Group. These are used to maximise operational flexibility in terms of managing the assets used in the Group\u2019s operations. The majority of extension and termination options held are mutually exercisable and are evaluated accordingly.Note 8 Payroll and related expenses (Amounts in NOK 1000) 2023 2022Wages and salaries 366,468 336,009 Share-based payment expense 78,565 47, 833 Social security tax 101,374 71,633 Pension expense 22,033 20,496 Other benefits 16,942 22,277 Total payroll and related expenses (continuing operations) 585,383 498,247 Total payroll and related expenses (discontinued operations) 91,684 67,244 The number of labor years employed during the financial year: 600 761 The pension plans in the Group comply with the pension legislation enacted in respective countries. The pension plans require that the Group pays premiums to public or private administrative pension plans on a mandatory, contractual or voluntary basis. There are no further obligations once the annual premiums are paid. The premiums are accounted for as personnel expenses as soon as they are incurred. Pre-paid premiums are accounted for as an asset to the extent that future benefits can be determined as plausible. Remuneration of key group employees Key group employees are defined as employees who are part of LINK Group management. In FY2023 and as at 31 December 2023, Group management consisted of the following individuals (amounts in NOK 1000): Pension Other Name and position Employed since Salary BonusexpenseremunerationThomas Berge (CEO) September 2016 4,885 923 81 17,796Morten L\u00f8ken Edvardsen (CFO) January 2018 2,401 269 81 3,620 P\u00e5l Marius Brun (CPO) February 2013 2,296 85 81 2,703 Lin Austb\u00f8 (Chief People and Strategy Officer) October 2020 2,344 298 81 4,340Rune Strandli (CTO) April 2023 1,613 - 61 2,703Benoit Bole (COO Western Europe) January 2019 2,251 438 548 8,185Ina Rasmussen (COO Northern Europe) January 2015 2,114 119 81 4,821Riccardo Dragoni (COO Central Europe) May 2021 147 39 -12 114 Total 18,051 2,171 1,026 44,282The CEO has a performance based bonus of up to 7 months salary; the amount of the bonus is determined by the successful completion of key management business objectives that are set by the Board of Directors.The CFO has a performance based bonus of up to 5 months salary. The criteria for this bonus is a combination of quantitative targets determined by the Board of Directors.The remaining key Group employees have a performance based bonus of up to 5 months salary. The bonus is calculated on the basis of achievment of budgeted Group income and EBITDA, and other quantitative criteria that are determined on an annual basis.Share-based remunerationThe Company has two programs for share based remuneration for its employees: the Restricted Share Unit (RSU) program and the long-term incentive plan (LTI) option program. Fair value of the RSU\u2019s and LTI\u2019s are calculated at the time of allocation and expensed over the vesting period.In Q4 2020, the Company issued 3 769 092 RSU\u2019s and 2 000 000 LTI\u2019s to selected employees, including management. Fair value of RSU\u2019s and LTI\u2019s was NOK 46.995 (for all practical purposes equal to the share price) and NOK 20.30 at the grant date, respectively. These are referred to as 2021 LTIP.Grant date for both RSU\u2019s and LTI\u2019s is set at 20.10.2020. The \u201cstrike price\u201d of RSU\u2019s is NOK 0.005 (equal to the nominal value of the shares) and the strike price of the LTI\u2019s is NOK 47.In Q4 2021, the Company issued 3 000 000 additional options as part of the LTI program. Fair value of the these options were calculated at NOK 8.5 and the strike price of the options was NOK 20.89. These are referred to as 2022 LTIP.In Q2 2023, the Company replaced both previous LTIP programs by rolling over those share options into a new long-term incentive program for management and key employees (the \u201cNew LTIP\u201d program\u201d). This program has a total of 16 million options that can be granted. There are no performance conditions applicable, only a vesting period which is subject to the option holder remaining an employee of LINK. These options will vest over a 3 year period segregated into three tranches (1/3 each year).The exercise price for the first 1/3 of the options to be vested shall be based on the market value of the LINK share at the grant date (calculated based on the 5-day VWAP prior to the grant date) with the second 1/3 of the options to be based on the market value at the grant date with an increase of 12% and with the third 1/3 of the options to be based on the second vesting exercise price with an increase of 12%, implying a strike price for the share options under the New LTIP program of NOK 8.11, NOK 9.08 and NOK 10.17, respectively.A total of 1 470 000 options remain from previous programs and have exercise prices of NOK 47.00 and NOK 20.89, respectivelyAn expense of NOK 79 million (including accrued social security tax) related to share options has been recorded in FY2023. The expenses related to the RSU and LTI are NOK 60 million and NOK 15 million, respectively. The amount directly related to the social security tax provision is credit of 16 million.In addition to the RSU and LTI programs, all employees may participate in the employee share purchase program (ESPP). Under the terms of the ESPP, all employees were given the opportunity to apply for shares for up to a maximum amount of NOK 100,000; employees receive a 20% discount on these shares. The shares are subject to a lock-up period of 12 months and after a vesting period of two years, employees are entitled to 1 matching (subject to paying the nominal value per share) per 3 shares subscribed if certain conditions are fulfilled. An expense of NOK 1 million related to ESPP shares is recognized in 2023.In 2022, it is resolved that the Chairperson can be granted 2 million share options (\u201cCOB Options\u201d), whereby 1 option gives the right to subscribe for 1 share in the Company. The subscription right is the volume weighted average trading price of the Company\u2019s shares on the Oslo Stock Exchange for the last 10 trading days before the date of the Extraordinary General Meeting. The options shall vest for 24 months from the grant date and may be exercised for 7 years from the date of grant; vesting is subject to the Chairperson having not withdrawn from this position. An expense of NOK 3 million related to COB Options is recognized in 2023.The tables below shows an overview of the outstanding LTI\u2019s, RSU\u2019s, and COB Options:Number of Number of Expiration Strike priceoptionsunvested options Vesting datedate2021 LTIP 47.0 0 408,000 - 10/20/2021 10/20/20272022 LTIP 20.89 303,000 - 12/7/2023 12/7/2028New LTIP - Tranche 1 8.11 4,585,315 12/7/2023 12/7/2026New LTIP - Tranche 2 9.08 5,471,980 5,471,980 12/7/2024 12/7/2026New LTIP - Tranche 3 10.17 5,472,040 5,472,040 12/7/2025 12/7/2026Sum 16,240,335 10,944,020 2023Number of options Number of options Average priceTotal vested LTI\u2019s2021 LTIP 408,000 47.0 0 2022 LTIP 303,000 20.89 New LTIP - Tranche 1 4,585,315 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Granted unvested options -2021 LTIP 47.0 0 2022 LTIP 20.89 New LTIP - Tranche 1 8.11 New LTIP - Tranche 2 5,471,980 9.08 New LTIP - Tranche 3 5,472,040 10.17 Cancelled LTI\u2019s2021 LTIP 1,592,000 47.0 0 2022 LTIP 2,697,000 20.89 New LTIP - Tranche 1 469,999 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Dropped LTI\u2019s2021 LTIP - 47.0 0 2022 LTIP - 20.89 New LTIP - Tranche 1 - 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Expired LTI\u2019s in the period2021 LTIP - 47.0 0 2022 LTIP - 20.89 New LTIP - Tranche 1 - 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Exercised LTI\u2019s in the period2021 LTIP - 47.0 0 2022 LTIP - 20.89 New LTIP - Tranche 1 - 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Total outstanding LTI\u2019s 16,240,335 19.05 2021 LTIPNumber of Number of LTI\u2019s vested at Exercise Name Grant dateLTI\u2019s granted31.12.2023 Expiry dateprice rangeThomas Berge (CEO) n/a - - n/a n/aMorten L\u00f8ken Edvardsen (CFO) n/a - - n/a n/aP\u00e5l Marius Brun (CPO) n/a - - n/a n/aLin Austb\u00f8n/a - - n/a n/a(Chief People and Strategy Officer)Rune Strandli (CTO) n/a - - n/a n/aBenoit Bole (COO Western Europe) n/a - - n/a n/aIna Rasmussen (COO Northern Europe) n/a - - n/a n/aRiccardo Dragoni (COO Central Europe) n/a - - n/a n/aOthers (not specified) 10/20/2020 408,000 231,880 10/20/2027 47.00 Sum 408,000 231,880 2022 LTIPNumber of Number of LTI\u2019s vested at Exercise Name Grant dateLTI\u2019s granted31.12.2023 Expiry dateprice rangeThomas Berge (CEO) n/a - - n/a n/aMorten L\u00f8ken Edvardsen (CFO) n/a - - n/a n/aP\u00e5l Marius Brun (CPO) n/a - - n/a n/an/a - - n/a n/aLin Austb\u00f8(Chief People and Strategy Officer)Rune Strandli (CTO) n/a - - n/a n/aBenoit Bole (COO Western Europe) n/a - - n/a n/aIna Rasmussen (COO Northern Europe) n/a - n/a n/aRiccardo Dragoni (COO Central Europe) n/a - - n/a n/aOthers (not specified) 12/7/2021 303,000 211,160 12/7/2028 20.89 Sum 303,000 211,160 New LTIPNumber of Number of LTI\u2019s vested at Exercise Name Grant dateLTI\u2019s granted31.12.2023 Expiry dateprice rangeThomas Berge (CEO) 12/7/2022 2,000,000 666,667 12/7/2026 8,11 - 10,17 Morten L\u00f8ken Edvardsen (CFO) 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 P\u00e5l Marius Brun (CPO) 12/7/2022 1,000,000 333,333 12/7/2026 8,11 - 10,17 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 Lin Austb\u00f8(Chief People and Strategy Officer)Rune Strandli (CTO) 12/7/2022 1,000,000 333,333 12/7/2026 8,11 - 10,17 Benoit Bole (COO Western Europe) 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 Ina Rasmussen (COO Northern Europe) 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 Riccardo Dragoni (COO Central Europe) 12/7/2022 833,334 - 12/7/2026 8,11 - 10,17 Others (not specified) 12/7/2022 5,696,001 1,585,319 12/7/2026 8,11 - 10,17 Sum 15,529,335 4,585,319 Number of RSU\u2019s Average priceVested RSU\u2019s 3,769,092 0.005 Unvested RSU\u2019s - - Total outstanding RSU\u2019s 3,769,092 StrikeNumber of VestingExpirationpriceoptionsdatedateVested RSU\u2019s 0.005 1,507,637 10/20/2021 10/20/2028Vested RSU\u2019s 0.005 1,130,728 10/20/2022 10/20/2028Vested RSU\u2019s 0.005 1,130,728 10/20/2023 10/20/2028Sum 3,769,092 Q4 2023 2023Number of AverageNumber of AverageoptionspriceoptionspriceTotal unvested RSU\u2019s - - - - Assigned RSU\u2019s - - - - Cancelled RSU\u2019s - - - - Dropped RSU\u2019s - - - - Expired RSU\u2019s in the period - - - - Exercised RSU\u2019s in the period -1,130,728 0.005 -1,130,728 0.005 Total outstanding RSU\u2019s - - - - Number Number of RSU\u2019s Exercise of RSU\u2019s vested at priceName Grant dategranted31.12.2023 Expiry daterangeThomas Berge (CEO) 10/20/2020 878,775 878,775 10/20/2028 0.005 Morten L\u00f8ken Edvardsen (CFO) 10/20/2020 17,04 4 17,0 4 4 10/20/2028 0.005 P\u00e5l Marius Brun (CTO) 10/20/2020 - - 10/20/2028 0.005 Lin Austb\u00f810/20/2020 68,169 68,169 10/20/2028 0.005 (Chief People and Strategy Officer)Rune Strandli (CTO) 10/20/2020 - - 10/20/2028 0.005 Benoit Bole (COO Western Europe) 10/20/2020 340,847 340,847 10/20/2028 0.005 Ina Rasmussen (COO Northern Europe) 10/20/2020 102,256 102,256 10/20/2028 0.005 Riccardo Dragoni (COO Central Europe) 10/20/2020 - - 10/20/2028 0.005 Others (not specified) 10/20/2020 2,293,832 2,293,832 10/20/2028 0.005 Sum 3,700,923 3,700,923 Number of COB Options Average priceVested COB Options - - Unvested COB Options 2,000,000 11.70 Total outstanding COB Options 2,000,000 StrikeNumber of VestingExpiration priceoptionsdatedateUnvested COB Options 11.70 2,000,000 8/31/2024 8/31/2031Sum 2,000,000 Q4 2023 2023Number of AverageNumber of AverageoptionspriceoptionspriceTotal unvested COB Options 2,000,000 11.70 2,000,000 11.70 Assigned COB Options - - - - Cancelled COB Options - - - - Dropped COB Options - - - - Expired COB Options in the period - - - - Exercised COB Options in the period - - - - Total outstanding COB Options 2,000,000 11.70 2,000,000 11.70 Number Number of COB of COB Options Options vested at Exercise Name Grant dategranted31.12.2023 Expiry dateprice rangeAndre Alexander Christensen (Chair) 8/31/2022 2,000,000 - 8/31/2031 11.70 Sum 2,000,000 - Fair value of the LTI\u2019s and RSU\u2019s are calculated using an adjusted (for exercise behavior) Black-Scholes option pric ing m odel. The following assumptions are used in the calculations: The share price is set equal to the offer price of Link Mobility Group Holding ASA at the time of grant. The strike price for the RSUs is set equal to the nominal share value (NOK 0.005).We assume that historical volatility of a selected group comparable companies within the CPaaS-universe is an indication of future volatility.Expected volatility is set identical to historical volatility, equal to 61 % in the calculations for the first LTI\u2019s and for the RSU\u2019s. The volatility for the LTI II is estimated at 51%, and the volatility for the COB options is estimated at 59.99%.We assume that the employees will exercise the options at the mid-point between earliest and latest possible exercise opportunity. For each grant, the expected lifetime is set to vesting plus 1-year.Risk free rate used in the calculations is set equal to the rate of Norwegian treasury bills and Government Bonds corresponding to the lifetime of the option.Remuneration to the Board of DirectorsThe Board of Directors who did not waive their right to remuneration received payment in July/August 2022. On 31 May 2023, the Company\u2019s general meeting resolved the following remuneration for the Board of Directors for the period from 31 May 2023 until the annual general meeting is held in 2024:Name Remuneration Remuneration AuditCommitteeCommitteeAndre Alexander Christensen (Chair) 650,000 60,000 80,000Sabrina Emma Gosman 400,000 - -Robert Joseph Nicewicz Jr. 400,000 40,000 -Grethe Viksaas 400,000 - 55,000Sara Murby Forste 400,000 - -Jens Rugseth 400,000 40,000 55,00Robert Joseph Nicewicz Jr. and Sabrina Emma Gosman have all waived their right to remuneration and therefore the Company will not remunerate these board members in accordance with the amounts set in the table above.Remuneration to the Nomination CommitteeOn 31 May 2023, the Company\u2019s general meeting resolved the following remuneration for the nomination committee for the period from 31 May 2023 until the annual general meeting is held in 2024:Name RemunerationTor Malmo (Chair) 55,000 Oddny Svergja 35,000 No loans, advances, or guarantees have been granted to key group employees, Board members, or nomination committee members.Note 9 Other operating expenses (Amounts in NOK 1000)2023 2022Advisors and consultants 58,888 65,352 IT, licenses and hosting 100,653 81,855 Restructuring costs 7,658 21,824 Cost related to acquisition of subsidiaries* 6,384 30,886 Sales and marketing cost 39,338 41,515 Cost for premises 11,217 12,840 Inventory and equipment 6,104 6,105 Bad debts expense 7,502 -2,561 Other expenses** 46,706 43,437 Total other operating expenses - continuing operations 284,450 301,253 Total other operating expenses - discontinued operations 72,978 50,713 * This expense line item includes costs related to both completed and ongoing acquisitions.** Other expenses include variable operating expenses related to overhead, travel costs and other operating expenses.The table below summarises audit fees for FY2023 (FY2022) and fees for audit related services, tax services and other services incurred by the Group during the period. Fees include both Norwegian and foreign subsidiaries. 2023 2022Audit fee* 10,116 5,729 Other attestation services 397 37 Tax consulting services 310 253 Other services 270 2,336 Total fee to auditor 11,093 8,355 *In addition to the audit fees presented above NOK 102k (2022: NOK 1 647k), is remunerated to auditors other than PwC. Fees paid for Message Broadcast LLC are included above. In 2023, audit fees were NOK 568k (2022: NOK 806k).Note 10 Net finance income and expenses (Amounts in NOK 1000)The Group\u2019s finance income and expense is comprised of gains (losses) from foreign exchange and from exposure to interest expenses related to loans from financial institutions. Interest amounts are presented as a sum of interest on borrowings offset by amortized cost recognized in the profit and loss. All categories of financial income and expense are presented on a net basis.Net financial income and expenses 2023 20221Net currency exchange gains (losses) 44,319 94,227 Net interest expense -139,667 -148,353 Net other financial income (expense) 6,002 17,705 Total finance income from continuing operations -89,345 -36,421 Total finance income (expense) from discontinued operations -9,520 -978 Net interest expense 2023 2022Interest expense financial institutions - - Interest expense leases -3,336 -3,907 Interest expense bond loan -142,704 -146,590 Other interest income (expenses) 6,373 2,144 Total net interest expense from continuing operations -139,667 -148,353 Total net interest expense from discontinued operations 9 -458 Net other financial income (expenses) 2023 2022Amortized loan set-up costs - - Previously capitalized loan set-up costs - - 2Earn-out payment from M&A transactions 5,845 15,810 Other financial (expenses) income 157 1,895 Total net other financial income from continuing operations 6,002 17,705 Total net other financial expenses from discontinued operations -9,510 -70 1 Foreign currency gain/loss is presented on a net basis here and in the Consolidated Statement of Profit and Loss. Exposure to fluctuations in foreign currency comes from external lending denominated in EUR. Refer to note 19 (interest-bearing liabilities) and note 20 (financial instruments, risk management objectives, and policies) for further details.2 Purchase price of subsidiaries \u2013 earn-out Periodically, the Group acquires subsidiaries where the preliminary purchase price is based on an assumption that the acquired company will achieve a target EBITDA for the current financial year. The final purchase price is subject to an upwards or downwards earn-out adjustment based on the company\u2019s actual achieved EBITDA. The earn-out adjustment is accounted for in the income statement as finance income or expense. Adjustments made are:2022: This is comprised of the settlement to Teracomm and the revaluation of the earn-out for Marketing Platform. 2023 - This is a reversal of the remaining earn-out amount previously accrued for the acquisition of Marketing Platform.Note 11 Earnings per share (Amounts in NOK 1000)The Group\u2019s earnings per share are calculated as below:2023 2022Net earnings (loss) from continuing operations 38,356 -193,563 Net income from discontinued operations 28,926 42,457 Owners of LINK Mobility Group Holding ASA 67,282 -151,106 Weighted average number of ordinary shares (basic) at 31 December 297,059 295,890 Basic earnings (loss) per share from total operations (NOK) 0.23 -0.51 Basic earnings (loss) per share from continuing operations (NOK) 0.13 -0.65 Basic earnings per share from discontinued operations (NOK) 0.10 0.14 Weighted average number of ordinary shares (diluted)Weighted average number of ordinary shares (basic) 297,059 295,890 Effect of share options on issue 8,478 2,076 Weighted average number of ordinary shares (diluted) at 31 December 305,537 297,966 Diluted earnings (loss) per share from total operations (NOK) 0.22 -0.51 Diluted earnings (loss) per share from continuing operations (NOK) 0.13 -0.65 Diluted earnings per share from discontinued operations (NOK) 0.09 0.14 Number of outstanding ordinary shares per 01.01 295,890 294,252 Number of outstanding ordinary shares per 31.12 297,059 295,890Note 12 Transactions with related parties (Amounts in NOK 1000)Balances and transactions between LINK Mobility Group Holding ASA and its subsidiaries, which are related parties of LINK Mobility Group AS, have been eliminated on consolidation and are not disclosed in this note.During the year, the Group has not entered into any transactions with related parties.At 31 December 2023, the Company had no balances with related parties.Note 13 Intangible assets(Amounts in NOK 1000)Goodwill and intangible assets acquired in a business combination are recognized initially as set out in note 3, section 3.3, Business Combinations.Amortisation of intangible assets are based on the following estimated useful lives:Goodwill IndefiniteTradename 25 yearsCustomer relations/contracts 7-10 yearsTechnology 3-10 yearsGoodwill is not amortized but is reviewed for impairment at least annually, or more frequently when there is an indication that the cash-generating unit to which goodwill has been allocated, may be impaired. Goodwill is allocated to each of the Group\u2019s cash-generating units (or groups of cash-generating units) expected to benefit from the synergies of the combination. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognized for goodwill is not reversed in a subsequent period. On disposal of a cash generating unit, the attributable amount of goodwill is included in the determination of the gain or loss on disposal in the income statement.Intangible assets acquired in a business combination and recognized separately from goodwill, such as tradename and customer relations are recognized initially at their fair value at the acquisition date (which is regarded as their cost).Subsequent to initial recognition, intangible assets acquired in a business combination are reported at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognized on a straight-line basis over their estimated useful lives. The estimated useful life and amortisation method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis. Intangible assets with indefinite useful lives are carried at cost less accumulated impairment losses.Separately acquired intangible assetsIntangible assets with finite useful lives such as technology, that are acquired separately are carried at cost less accumulated amortisation and accumulated impairment losses. Subsequent to initial recognition, separately acquired intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired in a business combination.Internally generated intangible assets \u2013 Technology Expenditure on research and development activities is recognized as an expense in the period in which it is incurred. An internally generated intangible asset arising from development of the Group\u2019s technical platforms and products is recognized if, and only if, all the following conditions have been demonstrated: \u2022 the technical feasibility of completing the intangible asset so that it will be available foruse or sale; \u2022 the intention to complete the intangible asset and use or sell it; \u2022 the ability to use or sell the intangible asset; \u2022 how the intangible asset will generate probable future economic benefits; \u2022 the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and \u2022 the ability to measure reliably the expenditure attributable to the intangible asset during its development.The amount initially recognized for internally generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally generated intangible asset can be recognized, development expenditures are expensed as incurred.Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired in a business combination. Trade Customer Year ended 31 December 2022 name relations Technology Goodwill Total Opening net book value 294,768 1,806,093 845,644 5,614,510 8,561,016 Net additions from acquired businesses - 37,608 - 28,175 65,783 Additions in the period -20 3,006 168,925 - 171,912 Exchange differences 392 128,001 35,049 325,952 489,394 Amortization charge -13,209 -236,738 -140,017 - -389,964 Impairment of goodwill - - - -180,360 -180,360 Closing net book amount 281,931 1,737,970 909,601 5,788,277 8,717,780 At 31 December 2022 Cost 338,767 2,423,175 1,535,172 5,968,637 10,265,750 Accumulated amortisation and -56,835 -685,204 -625,571 -180,360 -1,5 47,971 impairment Net book amount 281,931 1,737,970 909,601 5,788,277 8,717,780 Estimated useful life 25 years 7-10 years 3-10 years Indefinite Amortisation method Linear Linear Linear Trade Customer Year ended 31 December 2023 name relations Technology Goodwill Total Opening net book value 281,931 1,737,970 909,601 5,788,277 8,717,780 Effect of discontinued operations - -939,848 -139,521 -1,714,886 -2,794,255 Net additions from acquired businesses - - - - - Additions in period - 10,089 105,899 - 115,988 Exchange differences 603 81,909 37,404 315,479 435,396 Amortization charge -13,209 -146,211 -153,017 0 -312,437 Closing net book amount 269,326 743,910 760,365 4,388,870 6,162,471 Closing net book amount - 827,341 173,477 1,713,079 2,713,897 (assets held for sale) At 31 December 2023 Cost 339,344 1,539,095 1,378,263 4,569,230 7, 825,933 Accumulated amortisation and -70,019 -795,186 - 617,898 -180,360 -1,663,462 impairment Net book amount 269,326 743,910 760,365 4,388,870 6,162,471 Estimated useful life 25 years 7-10 years 3-10 years Indefinite Amortisation method Linear Linear Linear Trade nameThe LINK name was established in 2008 and has become a known name within the mobile solutions industry. The estimated useful life is determined to be 25 years and is amortized accordingly. The trade name has not been allocated to specific CGUs.Customer Relationships For customer relationships identified and recognized through business combinations, the amortisation period is estimated to be between 7-10 years. The amortisation period is based on an analysis of customer churn and the remaining useful life of the customer relationships recogonised in the balance sheet.Technology Amortisation of capital expenditure for the development of Group technology is between 3-10 years. For technology acquired through business combinations, the amortisation period is between 7-10 years based on an evalution of the technological solution. GoodwillGoodwill generated from business combinations is primarily related to anticipated growth prospects for the acquired businesses. Impairment testGoodwill and other intangible assets with an indefinite useful life (i.e. trade name) are not amortized. They are tested for impairment on an annual basis at a cash generating unit (hereafter \u201cCGU\u201d) level, and more frequently if there are indications that amounts may be impaired. In accordance with IAS 36 - Impairment of Assets, the carrying amount of the CGU to which goodwill has been allocated is compared with the recoverable amount of the CGU. The recoverable amount is determined based on value-in-use calculations. These calculations use cash flow projections reflective of management\u2019s best estimate extended over a five year period. The assumed growth rate has been based on the management growth estimate for the next five years and subsequently reduced to 2% for the purpose of determining the terminal value. Certain key assumptions are: Low Range High RangePre-tax discount rates (WACC) 7.70% 14.60%Revenue growth - 5 year forecast 4.50% 47.4 0%Gross profit - 5 year forecast 7.50% 42.00%EBITDA - 5 year forecast 5.50% 30.50%Total impairment headroom is NOK 7 759 million (NOK 11 307 million). Development of WACC discount rates over the past two years have contributed to reduced impairment headroom overall.In the prior year and based on the calculations referred to above, it was been concluded that the recoverable amount exceeds the carrying amount of each CGU with the exception of Spain. Upon testing for impairment, growth assumptions and future discounted cash flows are evaluated to ensure that the carrying value of intangible assets is correct; this resulted in an impairment of goodwill in the Spanish CGU equal to NOK 180 million (FY2023 - nil). There are no indications of further impairment and all other CGU\u2019s have sufficient headroom.The Group, based on an assessment of the facts and circumstances, has concluded that each country constitutes a separate CGU. Goodwill is monitored at the country level for impairment purposes. Goodwill has been allocated to each CGU as presented in the table below.Goodwill2023 2022Norway * 806,490 806,490 Sweden 209,874 197,135 Denmark 337,056 315,959 Finland 235,391 220,968 Germany * 782,405 731,822 Spain 26,378 24,015 Poland 301,861 261,761 Bulgaria 69,770 65,259 France * 444,746 415,993 Switzerland 211,548 186,076 Italy 284,896 266,435 Austria * 509,030 476,121 United Kingdom 7,513 6,886 Hungary 15,313 13,677 Netherlands 146,598 137,120 USA - 1,662,557Total 4,388,870 5,788,277 Total (held for sale) 1,713,079 - * These CGU\u2019s are deemed significant as they have goodwill exceeding 10% of total goodwill.The impairment test shows that the recoverable amounts significantly exceed the carrying amount of the CGUs.Sensitivity analysisIn connection with the impairment testing of intangible assets, a sensitivity analysis has been performed. The sensitivity analysis has tested changes in terminal growth; if no terminal growth (zero-rated) is used, there is still impairment headroom for all CGU\u2019s with the exception of the Spain. The estimates used to determine future cash flows and WACC when calculating value in use are subject to uncertainty. The assumptions are described as follows:Budgeted period - The basis for the projection of the future cash flows estimated is based on the financial budget of one year. The budget in combination with the forecasts represent management\u2019s best estimate of the range of economic conditions that will exist over a five-year period. The forecasted years are estimated based on the company\u2019s strategic initiatives.Local currency and Fx rates - All CGU\u2019s forecasted projections are done using NOK.Terminal value - terminal value is calculated using the Gordon growth formula based on previous year cash-flow, user-specified long-term growth and WACC for the specific CGU.WACC - future cash flows are discounted to present value using a discounted rate based on a calculation of a weighted average cost of capital (WACC). The pre-tax WACC is based on an average interest rate adjusted for each CGU.Management have concluded that no forseable change in any of the key assumptions used in the impairment test would cause the carrying amounts of the cash-generating units with significant goodwill to exceed recoverable amounts. Note 14 Equipment and fixtures (Amounts in NOK 1000)Period ended 31 December 2022Opening net book amount 20,485 Additions 6,604 Net additions from acquired businesses - Disposals -32 Depreciation charge -7,456 Translation differences 1,062 Closing net book amount 31.12 20,663 Period ended 31 December 2023Opening net book amount 20,663 Additions 5,857 Net additions from acquired businesses - Disposals 248 Depreciation charge -7,742 Translation differences 1,406 Closing net book amount 31.12 (continuing operations) 20,432 Closing net book amount 31.12 (held as available for sale) 1,527 Cost 77,5 41 Accumulated depreciation -57,108 Net book amount 31.12 20,432 Estimated useful life, depreciation plan and residual valueis as follows:Economic (useful) life 3-5 yearsDepreciation plan LinearNote 15 Trade and other receivables (Amounts in NOK 1000)2023 2022Trade receivables 1,172,768 1,029,665 Unbilled revenue 165,111 167,354 Prepayments 17,688 17,5 4 8 Other receivables 24,846 29,191 Total trade and other receivables from continuing operations 1,380,412 1,243,758 Total trade and other receivables held as available for sale 98,375 - The above trade receivables and other receivables represent the Group\u2019s maximum exposure to credit risk at the balance sheet date. Trade accounts receivable relate to the sale of mobile messaging transactions, payment services, licenses, and consulting services; these are within the normal operating cycle. Accrued revenues are representative of an estimate for messaging traffic. An accrual for revenue is made to best reflect volumes in advance of when an invoice from the telecommunications provider is received.The Group measures the loss allowance for trade receivables at an amount equal to lifetime expected credit losses. Based on historical trends, the Group recognises a loss allowance of 100% against all receivables over 120 days past due, unless it is probable that the receivable will be collected based on past experience with customer and financial position of the debtor. Additional allowances for specific balances are recognized based on past experience and an analysis of the financial position of the debtor along with other relevant factors. There is no loss allowance related to accrued revenues.The Group has recognized a provision for bad debts of KNOK 48 530 (FY2022 - KNOK 37 997). Trade receivables recognized as a part of business combinations are recognized at fair value on the date of acquisition, allowance for impairment amounted to KNOK 0 (FY2022 - KNOK 0).Ageing of past due but not impaired trade receivables(in thousands of NOK) 2023 % 2022 %Not past due 543,917 48 % 611,159 59 %1-30 days overdue 201,688 18 % 204,810 20 %31-60 days overdue 104,495 9 % 81,695 8 %61-90 days overdue 69,897 6 % 58,242 6 %91-180 days overdue 122,398 11 % 38,941 4 %More than 180 days overdue 130,374 9 % 34,818 3 %Total 1,172,768 100 % 1,029,665 100 %Note 16 Cash and cash equivalents (Amounts in NOK 1000)2023 2022Cash held in banks 1,096,596 826,851 Total cash and cash equivalents from continuing operations 1,096,596 826,851 Total cash and cash equivalents held as available for sale 11,636 - Restricted cash 2023 2022Taxes withheld 36,912 10,175 Other restricted cash 10,494 4,582 Total restricted cash from continuing operations 47,406 14,757 Cash and cash equivalents include restricted cash related to regulatory requirements. The cash pool is a zero-balancing cash-pool, including the automatic transfers of funds between a master account and subsidiary accounts to cover deposit and withdrawal activity wihin the arrangement. LINK Mobility Group AS is the cash pool administrator/master and holder of the top accounts in different currencies (defined as Facility Accounts). In addition to Facility Accounts, various transactional accounts exist in the same currency as the Facility Account; these are defined as Detail Accounts. Funds deposited into a Detail Account are automatically and instantly transferred to a Facility Account. Similarly, funds withdrawn from a Detail Account are automatically and instantly transferred from a Facility Account. The Detail Accounts maintain a balance of zero, whereas each Facility Account holds the credit or debit balance of the funds available for drawing in the cash pool. A Facility Account (and its balance) is owned solely by LINK and creates rights and obligations only between LINK and the bank. The balance on the Facility Accounts is subject to interest calculations between LINK and the bank. Transactions (deposits or withdrawals) cannot be performed on a Facility Account, but must be performed using a Detail Account. The Bank registers each transaction between each Facility Account and each Detail Account in the cash pool and the total balance thereof. This balance reflects the intra-Group balance between LINK and each Detail Account Holder. The participating entities of the Group have internal balances toward LINK through the use of the Detail Accounts.Note 17 Share capital and shareholder information Share capital as at 31 December 2023 is KNOK 1 485 (2022: KNOK 1 479), being 297 059 271 ordinary shares (2022: 295 890 306 ordinary shares) at a nominal value of NOK 0.005/share (2022: NOK 0.005/share). There are no preference shares in FY2023 (FY2022: nil). All shares were fully paid; each ordinary share carries one vote at any general meeting.The movement in the number of shares during the year was as follows:2023 2022Ordinary shares opening balance 2023/2022 295,890,306 294,252,254 Issue of ordinary shares (07 July 2022) 588,127 Issue of ordinary shares (14 November 2022) 929,457 Issue of ordinary shares (24 November 2022) 120,468 Issue of ordinary shares (05 June 2023) 174,692 Issue of ordinary shares (08 November 2023) 909,110 Issue of ordinary shares (22 December 2023) 85,163 Ordinary shares at the end of the period 297,059,271 295,890,306 Total number of shares at the end of the period 297,059,271 295,890,306LINK Mobility Group Holding ASA has the following major shareholders as at 31 December 2023:Name of shareholder Type of account Ownership interestCitibank, N.A. Nominee 28.80%KARBON INVEST AS Ordinary 5.37%Citibank, N.A. Nominee 4.51%FOLKETRYGDFONDET Ordinary 4.14%The Bank of New York Mellon SA/NV Nominee 3.77%VERDIPAPIRFONDET DNB SMB Ordinary 2.73%SUNDT AS Ordinary 2.36%J.P. Morgan SE Nominee 1.80%BARCLAYS CAPITAL SEC. LTD FIRM Ordinary 1.71%SKANDINAVISKA ENSKILDA BANKEN AB Ordinary 1.70%DANSKE BANK Ordinary 1.61%VERDIPAPIRFONDET FIRST GENERATOR Ordinary 1.50%The Bank of New York Mellon SA/NV Nominee 1.41%J.P. MORGAN SECURITIES PLC Ordinary 1.34%VERDIPAPIRFONDET DNB NORGE Ordinary 1.18%DEFA ENDEAVOUR AS Ordinary 1.16%Citibank, N.A. Nominee 1.13%CLEARSTREAM BANKING S.A. Nominee 1.11%VERDIPAPIRFONDET DELPHI NORDIC Ordinary 1.06%Em Kapital As Ordinary 1.02%69.41%The company\u2019s trustees (Board Members, management) hold ownership interests and rights to shares:Name of shareholder Total number of sharesVictory Partners VIII Limited via a nominee account in Citibank 85,540,774 (controlled by Abry who have 2 Board members)Karbon Invest AS (controlled by Jens Rugseth) 15,945,105 HDR Srl (controlled by Riccardo Dragoni) 664,215Rugz AS (controlled by Jens Rugseth) 500,000 Thomas Berge 455,030 Ina Rasmussen 67,166 Lin Austb\u00f8 40,504 Morten L\u00f8ken Edvardsen 29,298 P\u00e5l Marius Brun 16,251 Sara Murby Forste 15,957 Riccardo Dragoni 8,612Grethe Helene Viksaas (Board member) 6,382 Benoit Bole 5,000Note 18 Classes and categories of financial instruments (Amounts in NOK 1000)Carrying value2023 2022Current financial assetsTrade receivables 1,172,768 1,029,665 Cash and cash equivalents 1,096,596 826,851 Non-current financial liabilitiesBorrowings 4,008,320 3, 837,096 Lease liabilities 31,421 34,381 Current liabilitiesBorrowings 2,741 5,470 Lease liabilities 14,549 14,217 Trade payables 845,406 698,333 The financial assets held by the Group are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows and are thus measured subsequently at amortized cost less loss allowances.All financial liabilities are measured at amortized cost.The carrying amounts of financial assets and liabilities approximate their fair value as at 31 December 2023. Arrangements with financial institutions are entered into on market terms, and the carrying value at the reporting date has been assessed as approximating fair value.The recognized amounts consitute a reasonable approximation of fair value.Note 19 Interest-bearing liabilities (Amounts in NOK 1000)Interest bearing liabilities are measured at amortized cost. Non-current financial liabilities 2023 2022Bond loan 4,008,320 3,837,096 Long-term lease liability 31,421 34,381 Total non-current financial liabilities - continuing operations 4,039,741 3,871,478 Total non-current financial liabilities - held as available for sale 3,205 - Current liabilities 2023 2022Holdback - - Short-term lease liability 14,549 14,217 Debt to financial institutions/bond loan* 2,741 5,470 Total current liabilities - continuing operations 17,290 19,688 Total current liabilities - held as available for sale 2,752 - *Instalments falling due within a 12 month period, including non-capitalised interest, are classified as current.The book value of borrowings is estimated to approximate their fair value.Debt out-Amortized Amortized Interest Due date Facility / CurrencyMaturity Termstandingcost EURcost NOKp. a.InterestBond loan3.375 % Half 200,000 199,174 2,238,817 15 Dec 2025 5 year(tap issue 15.12.2020)p.a.yearlyBond loan3.375 % Half 170,000 167,422 1,881,908 15 Dec 2025 5 year(tap issue 23.06.2021)p.a.yearlyTotal 4,120,725 2023 2022Bond loan (tap issue 15.12.2020) 2,247,583 2,102,883 Bond loan (tap issue 23.06.2021) 1,908,130 1,786,041 Bond loan repurchase (06.12.2023) -112,405 - 1Transaction costs (tap issue 15.12.2020) -21,228 -21,228 1Transaction costs (tap issue 23.06.2021) -56,127 -56,127 Amortisation (tap issue 15.12.2020) 12,462 8,215 Amortisation (tap issue 23.06.2021) 29,906 17,313 Long-term borrowings 4,008,320 3, 837,096 2Accrued interest and fees 2,741 5,470 Carrying amount 4,011,061 3,842,567 1 The bond loan is initially measured at fair value net of transaction costs and it is subsequently measured at amortized cost using the effective interest rate method. Consequently, the transaction cost will be amortized over the life of the bond loan. The carrying value of the bond loan will be equal to the principal amount of EUR 370 million at maturity in FY2025.2 Accrued bond loan interest is classified as short-term borrowings in the statement of financial position. It is included above to provide a total picture for the carrying amount of the bond loan.Maturity analysis of borrowings (including interest)3 months Liabilities at 31 December 2023 < 3 monthsto 1 yea 1 - 2 years 2 - 5 years TotalBond loan (tap issue 15.12.2020) - 75,873 2,323,973 - 2,399,847 Bond loan (tap issue 23.06.2021) - 64,492 1,975,377 - 2,039,870 Lease liabilities - 14,549 10,474 20,948 45,970 Holdback - - - - - Total - 154,914 4,309,825 20,948 4,485,687 3 months Liabilities at 31 December 2022 < 3 monthsto 1 yea 1 - 2 years 2 - 5 years TotalBond loan (tap issue 15.12.2020) - 70,968 70,968 2,173,728 2,315,664 Bond loan (tap issue 23.06.2021) - 60,323 60,323 1,847,669 1,968,315 Lease liabilities - 14,217 11,460 22,921 48,599 Holdback - - - - - Total - 145,508 142,752 4,044,318 4,332,578 Covenants\u2018Under the bond terms, the Group is required to comply with the following financial covenants at the respective quarterly and annual test dates:Financial Reporting:- Publish interim accounts (quarterly reports) in the English language on the Group website (or other relevant platform) no later than 60 days after the end of the relevant interim period.- Publish annual financial statements in the English language on the Group website (or other relevant platform) no later than 120 days after the end of the fiscal year.A compliance certificate is to be provided with a copy of the financial reports; the compliance certificate is to be signed by the Chief Executive Officer or the Chief Financial Officer to certify that the financial reports are fairly representative of its financial condition as at the date of those financial statements.Accounting standards are to be consistently applied.Financial Indebtedness:Except as permitted, the Issuer shall not, and shall procure that no other Group Company will, incur any additional Financial Indebtedness or maintain or prolong any existing Financial Indebtedness.Negative Pledge:Excluding Permitted Security, the Issuer shall not, and shall procure that no other Group Company will, create or allow to subsist, retain, provide, prolong or renew any Security over any of its/their assets (whether present or future).Disposals of Business:The Issuer shall not, and shall ensure that no other Group Company will, sell, transfer or otherwise dispose of all or substantial part of its assets or operations unless the transaction is carried out at fair market value, on terms and conditions customary for such transaction and such transaction would not have a Material Adverse Effect.Distribution:Except as permitted, the Issuer shall not, and shall procure that no other Group Company will make any Distribution.Incurrence Test:The incurrence test is met if the Leverage Ratio is less than, for any additional Financial Indebtedness (3.50x) or for Distributions (1.50x).The Interest Coverage Ratio exceeds 3.0x.Compliance with the Incurrence Test is subject to in each cash, that no Event of Default is outstanding or would result from the relevant event for which compliance with the Incurrence Test is requiredCollateral and guaranteesOn 15 December 2020, LINK Mobility Group Holding ASA (LINK) successfully completed the issuance of EUR 200 million senior unsecured bonds, with a EUR 350 million borrowing limit. Part of the proceeds from the bond issue were used to repay the remaining outstanding senior facility agreement (SFA). On 23 June 2021, LINK issued EUR 170 million new bonds in LINK\u2019s outstanding 5-year senior unsecured 3.375% fixed rate bond issue, raising the total outstanding amount to EUR 370 million. The bonds were issued at par. The bonds have a 5-year tenor and a fixed coupon of 3.375% p.a.; any outstanding bonds are to be repaid in full at the maturity date.(Amounts in NOK 1 000) 2023 2022Bond principal 4,155,712 3,888,923 1Transaction costs -77,355 -77,355 Debts secured by collateral 4,078,357 3,811,568 1 The bond loan is initially measured at fair value net of transaction costs and it is subsequently measured at amortized cost using the effective interest rate method. Consequently, the transaction cost will be amortized over the life of the bond loan. The carrying value of the bond loan will be equal to the principal amount of EUR 370 million at maturity in FY2025.Movements in borrowingsSee table below for changes in liabilities arising from financing activities, both cash flows and no cash flow changes.Bond loan Holdback Other Total12/31/2021 3,636,753 82,296 - 3,719,049 New debt - - - - Cancellation of debts - -86,260 - -86,260 Effects of foreign exchange 191,144 3,964 - 195,109 Transaction costs - - - - Amortization 16,180 - - 16,180 Interest and fees paid -130,140 -1,944 - -132,084 Interest and fee expenses 128,630 1,944 - 130,574 12/31/2022 3,842,567 - - 3,842,567 Bond loan Holdback Other Total12/31/2022 3,842,567 - - 3,842,567 New debt - - - - Bond re-purchase* -117,960 -117,960Cancellation of debts - - - - Effects of foreign exchange 272,344 - - 272,344 Transaction costs - - - - Amortization 16,840 - - 16,840 Interest and fees paid -146,916 - - -146,916 Interest and fee expenses 144,186 - - 144,186 12/31/2023 4,011,061 - - 4,011,061 * Bond repurchase of EUR 10 million converted to NOK on 06 December 2023 at an exchange rate of 11,7960 (Norges Bank). After this date, the amount is currency adjusted at the end of each month.Note 20 Financial instruments, risk management objectives,and policiesThrough its operations the Group is exposed to the the following financial risks;\u2022 Interest rate risk\u2022 Foreign exchange risk\u2022 Credit risk\u2022 Liquidity riskInterest rate riskInterest rate risk arises as a consequence of long-term debt. In December 2020 the Company successfully completed the issuance of EUR 200 million senior unsecured bonds, with a EUR 350 million borrowing limit. On 23 June 2021, LINK issued EUR 170 million new bonds in LINK\u2019s outstanding 5-year senior unsecured 3.375% fixed rate bond issue, raising the total outstanding amount to EUR 370 million. The bonds were issued at par; refer to note 19 for further details.The sensitivity analysis below is based on the exposure to changes in interest rates for non-derivative instruments at the reporting date. For floating rate liabilities, the analysis is prepared assuming the amount outstanding at reporting date was outstanding for the whole year. A one percent increase or decrease represents management\u2019s assessment of reasonable and possible changes in interest rates.If interest rates had been one percent higher/lower and all other variables were held constant, the Group\u2019s profit (and corresponding equity) for the period ended 31 December 2023 would decrease/increase by KNOK 41 590 (FY2022 KNOK 38 901). This is mainly attributable to the Group\u2019s exposure to interest rates on its variable rate borrowings.Foreign exchange riskThe Group undertakes business in foreign currencies and is consequently exposed to fluctuations in exchange rates. Foreign exchange risk arises from transactions related to operations conducted, and assets and liabilities arising in foreign currencies. The Group undertakes transactions denominated in NOK, DKK, EUR, SEK, PLN, BGN, CHF, GBP, HUF, RON, MKD and USD. Revenue and cost transactions within foreign subsidiaries are normally carried out in the same currency, which mitigates the currency risk. However, as the Group\u2019s overall financial reporting is presented in NOK, changes in the value of DKK, EUR, SEK, PLN, BGN, CHF, GBP, HUF, RON, MKD or USD in relation to NOK affect the Group\u2019s overall revenue, profit or loss and financial position. Based on exposure throughout the year and balances at the period-end, the Group assesses that fluctuations in NOK/EUR, NOK/SEK and NOK/CHF have the most significant impact on the financial reporting of financial assets and liabilities. The table below summarises the impact a change in these currencies will have on the consolidated income statement and on retained earnings/accumulated losses as at 31 December 2023. The analysis is based on the assumption that the foreign exchange rates increase or decrease by 10%, all other variables held constant. 31 December 2023(amounts in NOK 1000) NOK/EUR impact NOK/CHF impact NOK/SEK impactTrade receivables 125,852 158,428 28,201 Borrowings and trade payables - 294,047--Credit Risk Credit risk is the risk of a counterparty defaulting. The Group\u2019s credit risk is limited to trade and other receivables and is mitigated by the Group\u2019s guidelines to ensure that credit sales are only made to customers with high credit rating. Customers with a low credit rating are required to prepay for services rendered by the Group.The Group\u2019s credit risk related to trade receivables is assessed to be limited due to the high number of diverse customers in the Group\u2019s customer base. Refer to note 15 for additional information related to trade and other receivables. The carrying value of trade and other receivables represent the Group\u2019s maximum exposure to credit risk at the balance sheet date. Liquidity risk Liquidity risk is the risk that the Group is unable to meet its financial obligations when they mature, resulting in default.The Group considers its liquidity risk to be limited, and has sufficient liquidity available on bank accounts as of year-end. Refer to notes 19 and 21 for information about maturity of trade and other payables and borrowings.The Group has no credit facilities. Subsidiaries receive all funding from the Group and are not permitted to raise external financing independently.The Group has financial debt covenants related to the senior unsecured bonds. Refer to note 18 for information about the bond convenants.Capital managementThe Group focuses on maintaining sufficient cash resources to ensure the ability to finance further activities.Note 21 Trade and other payables (Amounts in NOK 1000)Trade and other payables 2023 2022Trade payables 845,406 698,333 Public duties 6,501 36,225 Accrued vacation pay 57,252 53,193 Prepaid revenue 53,502 115,925 Accrued bonus expense 51,956 33,303 Accrued direct cost of services rendered 186,547 198,200 Accrued other operating expenses 292,474 195,906 Total trade and other payables from continuing operations 1,493,639 1,331,086 Total trade and other payables held as available for sale 100,857 - Trade payables is comprised of amounts outstanding for trade purchases. Accrued expenses are inclusive of accrued cost of goods sold for which a final invoice has not been received.Trade and other payables are due within three months.Note 22 Income tax (Amounts in NOK 1000)Specification of income tax expenseThe tax benefit/(expense) is calculated based on profit before income tax and consists of current tax and deferred tax. 2023 2022 Deferred tax expense (income) -55,174 -12,526 Current tax expense 67,790 31,097 Income tax expense (income) from continuing operations 12,616 18,570 Income tax expense (income) from discontinued operations -25,391 -23,028 Income tax payable (balance sheet) 2023 2022 Income tax payable 38,014 2,578 Current tax liabilities (balance sheet) from continuing operations 38,014 2,578 Current tax liabilities (balance sheet) held as available for sale 69 - Effective Tax RateThe difference between income tax calculated at the applicable income tax rate and the income tax expense attributable to loss before income tax was as follows:2023 2022Profit/(loss) before income tax from continuing operations 50,972 -174,992 Statutory income tax rate* 22% 22%Expected income tax expense/(benefit) 11,214 -38,498 Tax effect on non-taxable income/expenses -14,677 -7, 276 Tax effect non deductible expenses 41,110 62,029 Effect of other tax rates in subsidiaries -671 15,546 Prior year adjustment -17,849 -8,230 Effect of changes in tax rules and rates - 1,470 Non deductible interest, interest cap rules 3,641 - Change in deferred tax asset not recognized -10,152 -6,470 Income tax expense/income (-) for the year from continuing operations 12,616 18,570 Effective tax rate from continuing operations 25% -11%* The statutory income tax rate based on the currently enacted tax rate in Norway.Specification of the tax effect of temporary differences and losses carried forwardDeferred tax assetsManagement judgment is required in determining provisions for income taxes, deferred tax assets and liabilities and the extent to which deferred tax assets can be recognized. The Group is also subject to income taxes in various jurisdictions. Judgment is required in determining the Group\u2019s provision for income taxes. There may be transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the income tax and deferred tax liability and expense in the period in which such determination is made.Tax losses and interest cap for which no deferred tax asset has been recognized2023 2022Unused tax loss carry forward - - Interest cap 350,935 361,459 Potential tax benefit unused tax losses, 22% - - Potential tax benefit interest cap, 22 % 77,206 79,521 Interest cap is related to LINK Mobility Group Holding ASA and to LINK Mobility Group AS. The benefit from the interest cap carried forward is uncertain and the amount can be carried forward for 10 years.Unrecognized temporary differences2023 2021Temporary differences for which deferred tax liabilities have not - - been recognizedUnrecognized tax liabilities relating to the above temporary - - differences, 22 %Tax effect of temporary differences and tax losses carried forward as of 31 DecemberDeferred tax assets: 2023 2022Tangible and intangible assets 8,720 12,096 Interest - - Other non-current items 20,709 7,787 Total tax effect of temporary differences 29,428 19,884 Deferred tax asset arising from tax losses carried forward 113,505 113,262 Deferred tax assets 142,934 133,145 Deferred tax liabilities: 2023 2022Intangible assets (mainly due to PPA business combinations) 256,309 498,624 Other 18,122 34,440 Deferred tax liabilities from continuing operations 274,431 533,064 Deferred tax liabilities from discontinued operations 189,943 -Note 23 Contingencies and legal claims As at 31 December 2023 and as at the date of signing of this annual report, certain Group subsidiaries are involved in ongoing legal proceedings as either defendant or as plaintiff. Due to the uncertain outcome for all of these ongoing proceedings, there are no provisions (contingent or otherwise) accounted for in the financial statements or disclosed elsewhere in the notes to the financial statements. Claims for which Group entities are defendants are deemed to be low risk as the majority are covered by guarantees as a result of acquisitions (M&A). A list of ongoing legal proceedings is provided as follows:Entity Counterparty Claim PositionNetsize S.A. Public Authority \u20ac 300,000 DefendantLINK Mobility Italia Srl Customer \u20ac 262,000 DefendantLINK Mobility Italia Srl Customer \u20ac 210,000 DefendantTeracomm RO SRL Customer \u20ac 460,000 DefendantLINK Mobility Spain S.L.U. Supplier \u20ac 275,000 DefendantLINK Mobility Spain S.L.U. Supplier \u20ac 378,000 DefendantLINK Mobility Poland Sp. z.o.o. Customer \u20ac 1,700 DefendantLINK Mobility Bulgaria EAD Customer \u20ac 5,545 PlaintiffLINK Mobility Bulgaria EAD Customer \u20ac 4,745 PlaintiffLINK Mobility GmbH Supplier \u20ac 1,000,000 PlaintiffNote 24 Events after the reporting date The divestment of Message Broadcast LLC (US subsidiary) was closed on 03 January 2024. The amount of the transaction is USD 260 million, including a seller note of USD 10 million and an earn-out component of up to USD 30 million. The earnout is linear from USD 7.5 million, increasing with revenue growth to match historic Message Broadcast LLC performance for full payout. Details of the sale of the US subsidiary are as presented below:(Amounts in NOK 1 000) 2023Consideration received or receivableCash 2,219,954 Fair value of contingent consideration 387,5 49 Total disposal consideration 2,607,503 Carrying amount of net assets sold 2,534,684 Gain on sale before income tax and reclassification of foreign currency translation 72,819 reserveReclassification of foreign currency translation reserve 197,071 Income tax expense on gain -60,706 Gain on sale after income tax 209,184 If operations of the discontinued operation achieve certain performance criteria during the period 01 January 2024 to 31 December 2024, as specified in an earn-out clause in the SPA, additional cash consideration of up to USD 30 million will be receivable. The earn-out will be recognized as a financial asset at fair value through the profit or loss.As of 31 December 2023, the carrying amounts of intangible assets were:(Amounts in NOK 1 000) 2023Goodwill 1,689,345 Other intangible assets 867,678 Total current assets held as available for sale* 2,557,023 * The amounts presented are held in LINK Mobility Group Holding ASA as excess values. Other amounts held in the US subsidiary are included in the total amount presented as current assets held as available for sale in the consolidated statement of financial position.There were no assets or liabilities classified as held for sale in relation to the discontinued operation as at 31 December 2022.Alternative performance measures (\u201cAPM\u2019s\u201d) The financial information in this report is prepared under International Financial Reporting Standards (IFRS), as adopted by the EU. To enhance the understanding of LINK\u2019s performance, the Group presents several alternative performance measures (\u201cAPM\u2019s\u201d). An APM is defined by the European Securities and Markets Authority (ESMA) guidelines as a financial measure of historical or future financial performance, financial position, or cash flows, other than a financial measure defined or specified in the applicable financial reporting framework (IFRS). The figures presented below are inclusive of the US subsidiary under divestiture as at 31 December 2023. Below, LINK presents certain APMs, including gross profit, gross margin, EBITDA, adjusted EBITDA, and adjusted EBITDA margin. APMs such as EBITDA are commonly reported by companies in the markets in which LINK competes and are widely used by investors when comparing performance on a consistent basis without regard to factors such as depreciation and amortization, which can vary significantly, depending upon accounting methods (particularly when acquisitions have occurred) or based on non-operating factors.LINK uses the following APMs:Gross Profit Gross Profit means revenues less direct costs of services rendered. Gross margin Gross margin means gross profit as a percentage of total operating revenues.Adjusted EBITDA Adjusted EBITDA means EBITDA adjusted by expenses related to significant one-time, non-recurring events such as acquisitions and restructuring activities, legal advisors, and share-based compensation. LINK has presented adjusted EBITDA in the consolidated statement of profit and loss because management believes the measure provides useful information regarding operating performance.Adjusted EBITDA margin Adjusted EBITDA margin is presented as adjusted EBITDA as a percentage of total operating revenues in the respective periods.EBITDA EBITDA means earnings before interest, taxes, amortization, depreciation, and impairments. LINK has presented EBITDA in the consolidated statement of profit and loss because management believes that the measure provides useful information regarding the Group\u2019s ability to service debt and to fund capital expenditures and provides a helpful measure for comparing its operating performance with that of other companies.See below for a reconciliation of EBITDA to Adjusted EBITDA, and adjusted EBITDA margin.NOK \u2018000 YTD 2023 YTD 2022Operating profit (loss), (\u201cEBIT\u201d) 140,317 -138,571 Add: Depreciation intangible assets 337,535 477,345 EBITDA 477,853 338,774 Add: Restructuring costs 29,014 71,789 Add: Share-based compensation 98,177 43,631 Add: Expenses related to acquisitions 8,078 31,324 Adjusted EBITDA 613,121 485,518 Operating revenues 6,282,126 4,913,740 Adjusted EBITDA 613,121 485,518 Adjusted EBITDA margin 9.8 % 9.9 %The figures presented above are exclusive of the US subsidiary under divestiture at 31 December 2023.Net debt The Group monitors Net debt according to Bond loan terms which includes interest-bearing debt and debt like arrangements. Net debt is derived from the balance sheet and consists of both current and non-current liabilities such as bond loan, other debt from financial institutions and current and non-current lease liabilities less cash and cash equivalents. Sellers credits, holdback and earn-outs are excluded as they are not interest-bearing. Net debt/LTM adjusted EBITDA LINK measures leverage ratio as Net debt/Last Twelve Months Adjusted EBITDA. The measure provides useful information about the financial position. Due to the significant M&A activity LINK uses the Last Twelve Months Proforma Adjusted EBITDA to calculate net debt to present a comparable measure over timeBelow is a reconciliation of Net debt and Net debt/LTM adjusted EBITDA ratio:NOK \u2018000 YTD 2023 YTD 2022Bond loan* 4,112,697 3,737,777 Other long-term -0 - IFRS 16 liabilities 51,927 48,599 Seller\u2019s credit (interest bearing) -0 - Less cash -1,108,232 -826,851 Net debt 3,056,392 2,959,525 LTM adjusted EBITDA (proforma) 782,186 638,488 Net debt/LTM adjusted EBITDA 3.9 4.6 ** The bond loan presented here is converted to NOK using the average of the monthly average currency exchange rates for the last twelve months.",
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"value": "Note 2 Adoption of new and revised International Financial Reporting Standards (IFRS)A number of amended IFRS standards issued by the International Accounting Standards Board (IASB) and IFRS interpretations issued by the IFRS Interpretations Committee (IFRS IC) are effective for accounting periods commencing on or after 01 January 2023. The requirements arising from revised IFRSs or IFRIC interpretations are embedded in the recognition, measurement and disclosures relevant to the consolidated \ue7bcnancial statements of the Group from the date of establishment. The accounting policies adopted are described in Note 3 Summary of signi\ue7bccant accounting policies.Standards and interpretations affecting amounts reported in the current periodThe accounting policies adopted, and methods of computation followed are consistent with those of the previous financial year, except for items disclosed below. The adoption of the following standards and interpretations has not had any material impact on the disclosures or on the amounts reported in these financial statements: \u2022 Amendment to IFRS 7 and IAS 7 regarding supplier finance arrangements \u2022 Amendments to IAS 12 to provide a temporary exception to the requirements regarding deferredtax assets and liabilities related to pillar two income taxes.As at the date of authorisation of these \ue7bcnancial statements, Standards and Interpretations had been issued by the IASB but were not effective for the \ue7bcnancial year ended 31 December 2023. At the date of these \ue7bcnancial statements, it is not foreseable that these changes will not have a material impact on the \ue7bcnancial reporting for the Group.New or amended standards that have effective date on 01 January 2025 or later have not been assessed if these will have any impact on Link Mobility Groups \ue7bcnancial statements in the period of initial application. Management will continue to follow the development of changes to Standards and Interpretations issued by the IASB throughout 2024.",
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"value": "Note 2 Adoption of new and revised International Financial Reporting Standards (IFRS)A number of amended IFRS standards issued by the International Accounting Standards Board (IASB) and IFRS interpretations issued by the IFRS Interpretations Committee (IFRS IC) are effective for accounting periods commencing on or after 01 January 2023. The requirements arising from revised IFRSs or IFRIC interpretations are embedded in the recognition, measurement and disclosures relevant to the consolidated \ue7bcnancial statements of the Group from the date of establishment. The accounting policies adopted are described in Note 3 Summary of signi\ue7bccant accounting policies.Standards and interpretations affecting amounts reported in the current periodThe accounting policies adopted, and methods of computation followed are consistent with those of the previous financial year, except for items disclosed below. The adoption of the following standards and interpretations has not had any material impact on the disclosures or on the amounts reported in these financial statements: \u2022 Amendment to IFRS 7 and IAS 7 regarding supplier finance arrangements \u2022 Amendments to IAS 12 to provide a temporary exception to the requirements regarding deferredtax assets and liabilities related to pillar two income taxes.As at the date of authorisation of these \ue7bcnancial statements, Standards and Interpretations had been issued by the IASB but were not effective for the \ue7bcnancial year ended 31 December 2023. At the date of these \ue7bcnancial statements, it is not foreseable that these changes will not have a material impact on the \ue7bcnancial reporting for the Group.New or amended standards that have effective date on 01 January 2025 or later have not been assessed if these will have any impact on Link Mobility Groups \ue7bcnancial statements in the period of initial application. Management will continue to follow the development of changes to Standards and Interpretations issued by the IASB throughout 2024.",
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"s9_notes__6__11": {
"value": "A number of amended IFRS standards issued by the International Accounting Standards Board (IASB) and IFRS interpretations issued by the IFRS Interpretations Committee (IFRS IC) are effective for accounting periods commencing on or after 01 January 2023. The requirements arising from revised IFRSs or IFRIC interpretations are embedded in the recognition, measurement and disclosures relevant to the consolidated \ue7bcnancial statements of the Group from the date of establishment. The accounting policies adopted are described in Note 3 Summary of signi\ue7bccant accounting policies.",
"dimensions": {
"concept": "ifrs-full:StatementOfIFRSCompliance",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__12": {
"value": "Standards and interpretations affecting amounts reported in the current periodThe accounting policies adopted, and methods of computation followed are consistent with those of the previous financial year, except for items disclosed below. The adoption of the following standards and interpretations has not had any material impact on the disclosures or on the amounts reported in these financial statements: \u2022 Amendment to IFRS 7 and IAS 7 regarding supplier finance arrangements \u2022 Amendments to IAS 12 to provide a temporary exception to the requirements regarding deferredtax assets and liabilities related to pillar two income taxes.As at the date of authorisation of these \ue7bcnancial statements, Standards and Interpretations had been issued by the IASB but were not effective for the \ue7bcnancial year ended 31 December 2023. At the date of these \ue7bcnancial statements, it is not foreseable that these changes will not have a material impact on the \ue7bcnancial reporting for the Group.New or amended standards that have effective date on 01 January 2025 or later have not been assessed if these will have any impact on Link Mobility Groups \ue7bcnancial statements in the period of initial application. Management will continue to follow the development of changes to Standards and Interpretations issued by the IASB throughout 2024.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__13": {
"value": "Note 3 Summary of significant accounting policies3.1 General informationLINK Mobility Group Holding ASA is the parent company of LINK Mobility Group AS, and is headhquartered in Oslo, Norway. LINK is Europe\u2019s leading provider of mobile and CPaaS solutions specializing in messaging, digital services, and intelligent data usage.LINK Mobility Group Holding ASA (\u201cthe Company\u201d) is a limited liability Company incorporated and domiciled in Norway. The address of the registered office is Universitetsgata 2, 0164 Oslo, Norway. LINK Mobility Group Holding ASA is the parent company of the LINK Mobility Group AS. LINK Mobility Group AS provides services in mobile communication and specialises in mobile messaging services, mobile solutions, and mobile intelligence. LINK Mobility Group Holding ASA and its subsidiaries are regarded as \u201cthe Group\u201d.These financial statements were approved for issue by the Board of Directors on date 26 April 2024. Minor rounding differences may be present, and the total may deviate from the total of the individual amounts. This is due to the rounding of whole figures to thousands for presentation purposes.3.2 Basis for preparationThe financial statements of the Company and the Group have been prepared in accordance with IFRS\u00ae Accounting Standards as adopted by the EU and the Norwegian Accounting Act. The financial statements have been prepared on the historical cost basis.The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgments in applying the Group\u2019s accounting policies. Areas involving a high degree of judgment or complexity, and areas in which assumptions and estimates are significant to the financial statements are disclosed in Note 4 Critical accounting judgments and key sources of estimation variances. The financial statements have been prepared on a going-concern basis.The presentation currency of the financial statement is Norwegian kroner (NOK). Amounts are rounded to nearest thousand, unless otherwise stated.3.3 Business combinationsBusiness combinations are accounted for using the acquisition method. The consideration transferred and all the identifiable assets and liabilities of acquired entities are, with limited exceptions measured at fair values at the date of acquisition. Acquisition-related costs are recognized in the income statement as incurred.Goodwill arising from an acquisition is recognized as an asset measured as the excess of the sum of the consideration transferred, the fair value of any previous held equity interest and the amount of any non-controlling interest in the investee over the net amounts of the identifiable assets acquired and the liabilities assumed. If, after reassessment, the Group\u2019s interest in the net fair value of the investee\u2019s identifiable assets, liabilities and contingent liabilities exceeds the total consideration of the business combination, the excess is immediately recognized in the income statement. Goodwill is allocated to each of the Group\u2019s cash-generating units (or groups of cash generating units) that is expected to benefit from the synergies of the combination. A cash-generating unit is the smallest identifiable group of assets that generate cash inflows that are largely independent of the cash inflows from other assets or group of assets. If the recoverable amount of the cash-generating unit is less than its carrying amount, the impairment loss is allocated first to reduce the carrying amount of each asset in the unit. Any impairment loss for goodwill is recognized directly in profit or loss. An impairment loss recognized for goodwill is not reversed in subsequent periods.When the consideration transferred by the Company in a business combination includes contingent consideration arrangements, the contingent consideration is measured at its acquisition date fair value and included as part of the consideration transferred in a business combination. Changes in fair value of the contingent consideration that qualify as measurement period adjustments are adjusted retrospectively, with corresponding adjustments recognized in goodwill. Measurement period adjustments arise from additional information obtained during the \u2018measurement period\u2019 (which cannot exceed one year from the acquisition date) about facts and circumstances that existed at the acquisition date. The subsequent accounting for changes in the fair value of the contingent consideration that do not qualify as measurement period adjustments depends on how the contingent consideration is classified. Contingent consideration that is classified as equity is not remeasured at subsequent reporting dates and its subsequent settlement is accounted for within equity. Other contingent consideration is remeasured to fair value at subsequent reporting dates with changes in fair value recognized in profit or loss.If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Group reports provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted during the measurement period (see above), or additional assets or liabilities are recognized, to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the amounts recognized as of that date.3.4 Current/non-current classificationAn asset is classified as current when it is expected to be realised, or is intended for sale or consumption, in the Group\u2019s normal operating cycle, it is expected/due to be realised or settled within next twelve month after the reporting date. The normal operating cycle for trade receivables is between 30 - 45 days. Other assets are classified as non-current. A liability is classified as current when it is expected to be settled in the Group\u2019s normal operating cycle, the liability is due to be settled within twelve months after the reporting period or if the Group does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting period. The normal operating cycle for trade payables is between 30 - 45 days. All other liabilities are classified as non-current.3.5 Revenue recognitionRevenues are recognized when services are rendered and measured based on the consideration to which the Group expects to be entitled in a contract with a customer net of discounts and sales related taxes. The Group recognises revenue when it transfers control of a product or service to a customer.When another party is involved in providing goods or services to a customer, the Group evaluates whether it has an obligation to provide the specified service itself (i.e. the Group is the principle) or to arrange for those services to be provided by the other party (i.e. the Group is the agent). Where the Group does not control the service, the Group is considered an agent in the transaction. Revenues primarily comprise sale of services that enable customers to communicate by mobile phone with their customers. To be able to render these services, the Group needs to obtain services from one or more telecommunication operators. Cost incurred that are directly related to fulfilling a specified contract with a customer are regarded as a contract fulfilment cost and are expensed in the period in which the related revenue is recognized.The services rendered are split into the following groups:Type of service Timing of recognition Measurement of revenueMobile messaging The Group provides mobile The revenue is based on the transactionsmessaging services via SMS price speci\ue7bced in the sales con-and other messaging channels tract, net of discounts and value such as Apps, Facebook, Mes-added tax.senger, WhatsApp and email. Revenue from messaging is recognized when the message service has been provided; when the messages are deliv-ered to the recipient.Payment services The Group offers payment The Group acts as an agent solutions where the customer for this type of service and the can get their customers (the performance obligation is to end users) to pay for services arrange for the provision of by charging their mobile phone services by another party. Con-account or credit/debit card. As sequently, only the income from payment for these services, the the processed transactions is Group is entitled to remunera-recognized as revenue.tion related to the processed transactions/payment. Revenue is recognized when the payment service is rendered.Licences License revenue consists of The revenue is based on the revenue from monthly fees price speci\ue7bced in the sales con-paid by customers for access tract, net of discounts and value to Group platforms and solu-added tax.tions. No proprietary rights are transferred to the customer. The revenue is recognized through-out the duration of the license agreement.Consulting services Revenue from consulting The revenue is based on the services is recognized in the price speci\ue7bced in the sales con-accounting period during which tract, net of discounts and value the services are rendered.added tax.3.6 Foreign currency translationThe consolidated financial statements are presented in NOK, which is the functional currency of LINK Mobility Group Holding ASA. In preparing the financial statements of the individual companies, transactions in currencies other than NOK are recognized at the rate of exchange on the date of the transaction. At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the balance sheet date. Non-monetary items carried at fair value in foreign currencies are translated using the exchange rate at the date when the fair value was measured. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated after the transaction date.Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the income statement as financial items. All other foreign exchange gains and losses are presented on a net basis in the income statement as other operating expenses. Exchange differences are recognized in the income statement in the period in which they arise.For the purposes of presenting consolidated financial statements, the assets and liabilities of the Group\u2019s foreign operations are translated to NOK at exchange rates on the reporting date. Income and expense items are translated to NOK at the average exchange rates for the period, unless exchange rates fluctuate significantly during that period, in which case the exchange rates at the date of transactions are used. Exchange differences arising, if any, are recognized in other comprehensive income and accumulated in a separate component of equity.Goodwill and fair value adjustments arising from the acquisition of a foreign entity are considered as assets and liabilities of the foreign entity and translated at the closing rate. These exchange differences are recognized in other comprehensive income.On the disposal of a foreign operation (i.e. a disposal of the Group\u2019s entire interest in a foreign operation), or a disposal involving loss of control over a subsidiary that includes a foreign operation, all of the exchange differences accumulated in a separate component of equity in respect of that operation attributable to the owners of the foreign operation are reclassified to the income statement. In addition, in relation to a partial disposal of a subsidiary that includes a foreign operation that does not result in the Group losing control over the subsidiary, the proportionate share of accumulated exchange differences is re-attributed to non-controlling interests and are not recognized in profit or loss.Please refer to note 20 for an overview of other functional currencies at the subsidiary level.3.7 Equipment and fixturesEquipment and fixtures are initially recognized at cost, which includes the purchase price (including duties and non-refundable purchase taxes) and any directly attributable costs of bringing the asset to the location and condition necessary for it to be able to operate in the intended manner. Equipment and fixtures are subsequently recognized at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is recognized using the straight-line method to reduce the cost of assets less their residual values over their useful lives. Depreciation commences when the assets are ready for their intended use.Estimated useful life, depreciation method and residual values are reviewed at least annually. The straight-line depreciation method is used as this best reflects the consumption of the assets, which often is the passage of time. Residual value is estimated to be zero for all assets. Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognized and any remaining net carrying amount is recognized in operating profit (loss) as loss on disposal.An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. The gain or loss arising on the disposal or retirement of an item of equipment and fixtures is determined as the difference between the sales proceeds and the carrying amount of the asset and is presented as other income or other expenses in the income statement.3.8 Impairment of non-financial assetsAt each reporting date, the Group reviews if there are any indicators that the carrying amounts of its tangible and intangible assets may be impaired. If any such indication exists, the recoverable amount of the asset is estimated to determine the extent of the impairment loss (if any). Where the asset does not generate cash flows that are independent from other assets, the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. When a reasonable and consistent basis of allocation can be identified, corporate assets are also allocated to individual cash-generating units, or otherwise they are allocated to the smallest group of cash-generating units for which a reasonable and consistent allocation basis can be identified.Goodwill and intangible assets with an indefinite useful life are tested for impairment at least annually and whenever there is an indication that the asset may be impaired.Recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognized immediately in the income statement.Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase. Any impairment loss recognized for goodwill is not reversed in a subsequent period.3.9 LeasesAt the inception of a contract, the company assesses whether the contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The lease liability is recognized at the commencement date and measured at the present value of the remaining lease payments, discounted using the company\u2019s incremental borrowing rate at the commencement date. The lessee\u2019s incremental borrowing rate is the rate of interest that a lessee would have to pay to borrow over a similar term, and with similar security, the funds necessary to obtain an asset of a similar value of the right-of-use asset in a similar economic environment. The Group has chosen to measure the Right-of-Use asset (RoU assets) at an amount equal to the lease liability for all leases by using the lessee\u2019s incremental borrowing rate; the rate may differ from country to country. RoU assets are depreciated over the lease term as this is ordinarily shorter than the useful life of the assets. The lease term represents the non-cancellable period of the lease, together with periods covered by an option either to extend or to terminate the lease when the company is reasonably certain to exercise this option. The Group applies the exemption for short term leases (12 months or less) and low value leases. As such, related lease payments are not recognized in the balance sheet but expensed or capitalized in line with the accounting treatment for other non-lease expenses. The inclusion of non-lease components may vary across different lease categories.3.10 Financial InstrumentsFinancial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. The Group has classified the financial instruments into the following categories of financial assets and liabilities: Financial assets and liabilities at fair value through profit and loss (FVTPL), financial assets at amortized cost (FAAC), financial assets at fair value through other comprehensive income (FVTOCI) and Financial liability at cost (FLAC). Currently the Group does not have any assets in the classification of FVTOCI. The categorisation of financial instruments (financial assets and liabilities) for measurement purposes is based on the nature and purpose of the financial instrument and is determined on initial recognition. The Group presents financial assets and liabilities in the following classes: trade and other receivables (FAAC), cash and cash equivalents, trade and other payables (FLAC), and borrowings (FLAC). Trade receivables and other current and non-current financial assetsThe financial assets held by the Group, primarily trade and other receivables, are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows and are thus measured subsequently at amortized cost less loss allowances. The impairment model in IFRS 9 Financial Instruments requires the recognition of impairment provisions based on expected credit losses (ECL). The Group recognises an allowance for expected credit losses on trade receivables. The amount of expected credit losses is updated at each reporting date to reflect changes in credit risk since initial recognition. The impairment is calculated by taking into account the historic evidence of the level of credit losses experienced and the ageing profile of the trade receivables. Individual trade receivables are impaired when management assesses them not to be wholly or partially collectible. Cash and cash equivalentsCash and cash equivalents include cash, bank deposits and commercial papers with original maturities of three months or less. Financial liabilitiesTrade and other payables include trade payables and other current and non-current, non-interest-bearing financial liabilities. Borrowings (non-current and current) include bank loans and overdrafts. These liabilities are initially recognized in the statement of financial position at fair value (net of any transaction costs), and subsequently measured at amortized cost using the effective interest rate method.The effective interest method calculates the amortized cost of a financial liability and the allocation of interest expense over the relevant period. The effective interest rate is the rate that discounts estimated future cash payments, including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts, through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortized cost of a financial liability.The Group derecognises financial liabilities when, and only when, the Group\u2019s obligations are discharged, cancelled, or have expired. The difference between the carrying amount of the financial liability derecognized, and the consideration paid and payable is recognized in profit or loss.3.11 Cash flowThe Group presents the statement of cash flows using the indirect method. Cash inflows and outflows are shown separately for investing and financing activities, while operating activities include both cash and non-cash line items. Interest received and paid, and dividends received, are reported as a part of operating activities. Dividends distributed are included as a part of financing activities. Value Added Tax and other similar taxes are regarded as collection of tax on behalf of authorities.3.12 Employee benefitsThe Group operates a defined contribution plan (DCP) for post-retirement benefits. A defined contribution plan is a pension plan under which the Group pays fixed contributions to a separate entity (insurance company). The Group has no legal or constructive obligations to pay further contributions to the pension plan for benefits relating to employee service in the current and prior periods. Payments to defined contribution retirement benefit plans are recognized as an expense when employees have rendered service entitling them to the contributions. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available.3.13 Taxation Income tax in the income statement includes both taxes payable for the period and the change in deferred taxes. The change in deferred taxes reflects future taxes payable resulting from the year\u2019s activities. Deferred taxes are determined based on the accumulated result, which falls due for payment in future periods. Deferred taxes are calculated on net positive timing differences between accounting and tax balance sheet values, after offsetting negative timing differences and losses carried forward under the liability method. A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets are reduced to the extent that it is no longer probable that the related tax benefit will be realized.Deferred tax assets and liabilitiesDeferred tax assets and liabilities are presented net of their respective tax effect using tax rate of the applicable jurisdiction applied to amounts representing future tax deductions or taxes payable.Negative and positive timing differences, which reverse or may reverse in the same period, are offset. Deferred taxes are calculated on the basis of timing differences and losses carried forward that are offset. Timing differences between different subsidiaries have not been offset. During the period that these differences reverse, the companies will have a taxable net income that is sufficient to realize the deferred tax allowance. The losses carried forward are all in countries where future taxable profits are expected.3.14 Hedge accountingOn 15 December 2020, LINK Mobility Group Holding ASA (hereafter \u201cLINK\u201d) issued a bond for EUR 200 million. As a result of the successful issue, it was decided to revert to a hedge of the net investment in a subsidiary that uses Euro as their functional currency. The Group applies hedge accounting for hedges that meet the criteria for hedge accounting. The Group has a hedge of net investments in foreign operations.At the inception of each hedge relationship, the Group designated and documented the hedge accounting relationship, risk management objective, and strategy for undertaking the hedge. The documentation includes identification of the hedging instrument, the hedged item or transaction, the nature of the risk being hedged, and how the entity will assess the hedging instrument\u2019s effectiveness in offsetting the exposure to change in the hedged item\u2019s fair value of cash flows attributable to the hedged risk. Such hedges are expected to be highly effective in achieving offsetting changes in fair value or cash flows and are assessed on an ongoing basis to determine that they have been highly effective throughout the financial reporting periods for which they were designated.Hedge relationships that meet the requirements for hedge accounting are accounted for in the Group\u2019s consolidated financial statements as follows:Hedge of a net investmentA hedge of a net investment in a foreign operation is accounted for in a similar way to a cash flow hedge. Foreign exchange gains or losses on the hedging instrument relating to the effective portion of the hedge are recognized directly in comprehensive income while any foreign exchange gains or losses relating to the ineffective portion are recognized in the income statement. On disposal of the foreign entity, the cumulative foreign exchange gains or losses recognized in other comprehensive income is reclassified to the income statement.Exchange rate riskNet investment hedge accounting is applied when possible.ObjectiveTo reduce exposure to foreign currency risk, the objective is to hedge the outstanding bond principal (EUR) against the relevant subsidiaries comprising the underlying EUR cash flow of the company. It is to be recognized as the actual value representing future liabilities based on the exchange rates at the balance sheet date. In accordance with IFRS 9, the transaction costs related to the bond issue which was settled on 15 December 2020 are accretion expensed (added back) over the lifetime of the bond, thus reaching nominal value at maturity in Q4 2025.In this case, the hedging instrument is a natural hedge between liabilities and assets denominated in EUR. Specifically, debt held in EUR and investments in subsidiaries denominated in EUR form the hedging relationship.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__18": {
"value": "Oslo",
"dimensions": {
"concept": "ifrs-full:PrincipalPlaceOfBusiness",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__15": {
"value": "Norway",
"dimensions": {
"concept": "ifrs-full:DomicileOfEntity",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__14": {
"value": "Norway",
"dimensions": {
"concept": "ifrs-full:CountryOfIncorporation",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__19": {
"value": "LINK is Europe\u2019s leading provider of mobile and CPaaS solutions specializing in messaging, digital services, and intelligent data usage.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__16": {
"value": "limited liability Company",
"dimensions": {
"concept": "ifrs-full:LegalFormOfEntity",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__17": {
"value": "Universitetsgata 2, 0164 Oslo, Norway",
"dimensions": {
"concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__20": {
"value": "These financial statements were approved for issue by the Board of Directors on date 26 April 2024",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__22": {
"value": "3.2 Basis for preparationThe financial statements of the Company and the Group have been prepared in accordance with IFRS\u00ae Accounting Standards as adopted by the EU and the Norwegian Accounting Act. The financial statements have been prepared on the historical cost basis.The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgments in applying the Group\u2019s accounting policies. Areas involving a high degree of judgment or complexity, and areas in which assumptions and estimates are significant to the financial statements are disclosed in Note 4 Critical accounting judgments and key sources of estimation variances. The financial statements have been prepared on a going-concern basis.The presentation currency of the financial statement is Norwegian kroner (NOK). Amounts are rounded to nearest thousand, unless otherwise stated.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__21": {
"value": "3.2 Basis for preparationThe financial statements of the Company and the Group have been prepared in accordance with IFRS\u00ae Accounting Standards as adopted by the EU and the Norwegian Accounting Act. The financial statements have been prepared on the historical cost basis.The preparation of financial statements in conformity with IFRSs requires the use of certain critical accounting estimates. It also requires management to exercise its judgments in applying the Group\u2019s accounting policies. Areas involving a high degree of judgment or complexity, and areas in which assumptions and estimates are significant to the financial statements are disclosed in Note 4 Critical accounting judgments and key sources of estimation variances. The financial statements have been prepared on a going-concern basis.The presentation currency of the financial statement is Norwegian kroner (NOK). Amounts are rounded to nearest thousand, unless otherwise stated.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__24": {
"value": "3.3 Business combinationsBusiness combinations are accounted for using the acquisition method. The consideration transferred and all the identifiable assets and liabilities of acquired entities are, with limited exceptions measured at fair values at the date of acquisition. Acquisition-related costs are recognized in the income statement as incurred.Goodwill arising from an acquisition is recognized as an asset measured as the excess of the sum of the consideration transferred, the fair value of any previous held equity interest and the amount of any non-controlling interest in the investee over the net amounts of the identifiable assets acquired and the liabilities assumed. If, after reassessment, the Group\u2019s interest in the net fair value of the investee\u2019s identifiable assets, liabilities and contingent liabilities exceeds the total consideration of the business combination, the excess is immediately recognized in the income statement. Goodwill is allocated to each of the Group\u2019s cash-generating units (or groups of cash generating units) that is expected to benefit from the synergies of the combination. A cash-generating unit is the smallest identifiable group of assets that generate cash inflows that are largely independent of the cash inflows from other assets or group of assets. If the recoverable amount of the cash-generating unit is less than its carrying amount, the impairment loss is allocated first to reduce the carrying amount of each asset in the unit. Any impairment loss for goodwill is recognized directly in profit or loss. An impairment loss recognized for goodwill is not reversed in subsequent periods.When the consideration transferred by the Company in a business combination includes contingent consideration arrangements, the contingent consideration is measured at its acquisition date fair value and included as part of the consideration transferred in a business combination. Changes in fair value of the contingent consideration that qualify as measurement period adjustments are adjusted retrospectively, with corresponding adjustments recognized in goodwill. Measurement period adjustments arise from additional information obtained during the \u2018measurement period\u2019 (which cannot exceed one year from the acquisition date) about facts and circumstances that existed at the acquisition date. The subsequent accounting for changes in the fair value of the contingent consideration that do not qualify as measurement period adjustments depends on how the contingent consideration is classified. Contingent consideration that is classified as equity is not remeasured at subsequent reporting dates and its subsequent settlement is accounted for within equity. Other contingent consideration is remeasured to fair value at subsequent reporting dates with changes in fair value recognized in profit or loss.If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Group reports provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted during the measurement period (see above), or additional assets or liabilities are recognized, to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the amounts recognized as of that date.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__23": {
"value": "3.3 Business combinationsBusiness combinations are accounted for using the acquisition method. The consideration transferred and all the identifiable assets and liabilities of acquired entities are, with limited exceptions measured at fair values at the date of acquisition. Acquisition-related costs are recognized in the income statement as incurred.Goodwill arising from an acquisition is recognized as an asset measured as the excess of the sum of the consideration transferred, the fair value of any previous held equity interest and the amount of any non-controlling interest in the investee over the net amounts of the identifiable assets acquired and the liabilities assumed. If, after reassessment, the Group\u2019s interest in the net fair value of the investee\u2019s identifiable assets, liabilities and contingent liabilities exceeds the total consideration of the business combination, the excess is immediately recognized in the income statement. Goodwill is allocated to each of the Group\u2019s cash-generating units (or groups of cash generating units) that is expected to benefit from the synergies of the combination. A cash-generating unit is the smallest identifiable group of assets that generate cash inflows that are largely independent of the cash inflows from other assets or group of assets. If the recoverable amount of the cash-generating unit is less than its carrying amount, the impairment loss is allocated first to reduce the carrying amount of each asset in the unit. Any impairment loss for goodwill is recognized directly in profit or loss. An impairment loss recognized for goodwill is not reversed in subsequent periods.When the consideration transferred by the Company in a business combination includes contingent consideration arrangements, the contingent consideration is measured at its acquisition date fair value and included as part of the consideration transferred in a business combination. Changes in fair value of the contingent consideration that qualify as measurement period adjustments are adjusted retrospectively, with corresponding adjustments recognized in goodwill. Measurement period adjustments arise from additional information obtained during the \u2018measurement period\u2019 (which cannot exceed one year from the acquisition date) about facts and circumstances that existed at the acquisition date. The subsequent accounting for changes in the fair value of the contingent consideration that do not qualify as measurement period adjustments depends on how the contingent consideration is classified. Contingent consideration that is classified as equity is not remeasured at subsequent reporting dates and its subsequent settlement is accounted for within equity. Other contingent consideration is remeasured to fair value at subsequent reporting dates with changes in fair value recognized in profit or loss.If the initial accounting for a business combination is incomplete by the end of the reporting period in which the combination occurs, the Group reports provisional amounts for the items for which the accounting is incomplete. Those provisional amounts are adjusted during the measurement period (see above), or additional assets or liabilities are recognized, to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the amounts recognized as of that date.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__27": {
"value": "3.4 Current/non-current classificationAn asset is classified as current when it is expected to be realised, or is intended for sale or consumption, in the Group\u2019s normal operating cycle, it is expected/due to be realised or settled within next twelve month after the reporting date. The normal operating cycle for trade receivables is between 30 - 45 days. Other assets are classified as non-current. A liability is classified as current when it is expected to be settled in the Group\u2019s normal operating cycle, the liability is due to be settled within twelve months after the reporting period or if the Group does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting period. The normal operating cycle for trade payables is between 30 - 45 days. All other liabilities are classified as non-current.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__26": {
"value": "3.4 Current/non-current classificationAn asset is classified as current when it is expected to be realised, or is intended for sale or consumption, in the Group\u2019s normal operating cycle, it is expected/due to be realised or settled within next twelve month after the reporting date. The normal operating cycle for trade receivables is between 30 - 45 days. Other assets are classified as non-current. A liability is classified as current when it is expected to be settled in the Group\u2019s normal operating cycle, the liability is due to be settled within twelve months after the reporting period or if the Group does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting period. The normal operating cycle for trade payables is between 30 - 45 days. All other liabilities are classified as non-current.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__25": {
"value": "3.4 Current/non-current classificationAn asset is classified as current when it is expected to be realised, or is intended for sale or consumption, in the Group\u2019s normal operating cycle, it is expected/due to be realised or settled within next twelve month after the reporting date. The normal operating cycle for trade receivables is between 30 - 45 days. Other assets are classified as non-current. A liability is classified as current when it is expected to be settled in the Group\u2019s normal operating cycle, the liability is due to be settled within twelve months after the reporting period or if the Group does not have an unconditional right to defer settlement of the liability for at least twelve months after the reporting period. The normal operating cycle for trade payables is between 30 - 45 days. All other liabilities are classified as non-current.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__28": {
"value": "3.5 Revenue recognitionRevenues are recognized when services are rendered and measured based on the consideration to which the Group expects to be entitled in a contract with a customer net of discounts and sales related taxes. The Group recognises revenue when it transfers control of a product or service to a customer.When another party is involved in providing goods or services to a customer, the Group evaluates whether it has an obligation to provide the specified service itself (i.e. the Group is the principle) or to arrange for those services to be provided by the other party (i.e. the Group is the agent). Where the Group does not control the service, the Group is considered an agent in the transaction. Revenues primarily comprise sale of services that enable customers to communicate by mobile phone with their customers. To be able to render these services, the Group needs to obtain services from one or more telecommunication operators. Cost incurred that are directly related to fulfilling a specified contract with a customer are regarded as a contract fulfilment cost and are expensed in the period in which the related revenue is recognized.The services rendered are split into the following groups:Type of service Timing of recognition Measurement of revenueMobile messaging The Group provides mobile The revenue is based on the transactionsmessaging services via SMS price speci\ue7bced in the sales con-and other messaging channels tract, net of discounts and value such as Apps, Facebook, Mes-added tax.senger, WhatsApp and email. Revenue from messaging is recognized when the message service has been provided; when the messages are deliv-ered to the recipient.Payment services The Group offers payment The Group acts as an agent solutions where the customer for this type of service and the can get their customers (the performance obligation is to end users) to pay for services arrange for the provision of by charging their mobile phone services by another party. Con-account or credit/debit card. As sequently, only the income from payment for these services, the the processed transactions is Group is entitled to remunera-recognized as revenue.tion related to the processed transactions/payment. Revenue is recognized when the payment service is rendered.Licences License revenue consists of The revenue is based on the revenue from monthly fees price speci\ue7bced in the sales con-paid by customers for access tract, net of discounts and value to Group platforms and solu-added tax.tions. No proprietary rights are transferred to the customer. The revenue is recognized through-out the duration of the license agreement.Consulting services Revenue from consulting The revenue is based on the services is recognized in the price speci\ue7bced in the sales con-accounting period during which tract, net of discounts and value the services are rendered.added tax.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__29": {
"value": "3.6 Foreign currency translationThe consolidated financial statements are presented in NOK, which is the functional currency of LINK Mobility Group Holding ASA. In preparing the financial statements of the individual companies, transactions in currencies other than NOK are recognized at the rate of exchange on the date of the transaction. At each reporting date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the balance sheet date. Non-monetary items carried at fair value in foreign currencies are translated using the exchange rate at the date when the fair value was measured. Non-monetary items that are measured in terms of historical cost in a foreign currency are not retranslated after the transaction date.Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the income statement as financial items. All other foreign exchange gains and losses are presented on a net basis in the income statement as other operating expenses. Exchange differences are recognized in the income statement in the period in which they arise.For the purposes of presenting consolidated financial statements, the assets and liabilities of the Group\u2019s foreign operations are translated to NOK at exchange rates on the reporting date. Income and expense items are translated to NOK at the average exchange rates for the period, unless exchange rates fluctuate significantly during that period, in which case the exchange rates at the date of transactions are used. Exchange differences arising, if any, are recognized in other comprehensive income and accumulated in a separate component of equity.Goodwill and fair value adjustments arising from the acquisition of a foreign entity are considered as assets and liabilities of the foreign entity and translated at the closing rate. These exchange differences are recognized in other comprehensive income.On the disposal of a foreign operation (i.e. a disposal of the Group\u2019s entire interest in a foreign operation), or a disposal involving loss of control over a subsidiary that includes a foreign operation, all of the exchange differences accumulated in a separate component of equity in respect of that operation attributable to the owners of the foreign operation are reclassified to the income statement. In addition, in relation to a partial disposal of a subsidiary that includes a foreign operation that does not result in the Group losing control over the subsidiary, the proportionate share of accumulated exchange differences is re-attributed to non-controlling interests and are not recognized in profit or loss.Please refer to note 20 for an overview of other functional currencies at the subsidiary level.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__31": {
"value": "3.7 Equipment and fixturesEquipment and fixtures are initially recognized at cost, which includes the purchase price (including duties and non-refundable purchase taxes) and any directly attributable costs of bringing the asset to the location and condition necessary for it to be able to operate in the intended manner. Equipment and fixtures are subsequently recognized at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is recognized using the straight-line method to reduce the cost of assets less their residual values over their useful lives. Depreciation commences when the assets are ready for their intended use.Estimated useful life, depreciation method and residual values are reviewed at least annually. The straight-line depreciation method is used as this best reflects the consumption of the assets, which often is the passage of time. Residual value is estimated to be zero for all assets. Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognized and any remaining net carrying amount is recognized in operating profit (loss) as loss on disposal.An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. The gain or loss arising on the disposal or retirement of an item of equipment and fixtures is determined as the difference between the sales proceeds and the carrying amount of the asset and is presented as other income or other expenses in the income statement.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__30": {
"value": "3.7 Equipment and fixturesEquipment and fixtures are initially recognized at cost, which includes the purchase price (including duties and non-refundable purchase taxes) and any directly attributable costs of bringing the asset to the location and condition necessary for it to be able to operate in the intended manner. Equipment and fixtures are subsequently recognized at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is recognized using the straight-line method to reduce the cost of assets less their residual values over their useful lives. Depreciation commences when the assets are ready for their intended use.Estimated useful life, depreciation method and residual values are reviewed at least annually. The straight-line depreciation method is used as this best reflects the consumption of the assets, which often is the passage of time. Residual value is estimated to be zero for all assets. Repair and maintenance are expensed as incurred. If new parts are capitalised, replaced parts are derecognized and any remaining net carrying amount is recognized in operating profit (loss) as loss on disposal.An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. The gain or loss arising on the disposal or retirement of an item of equipment and fixtures is determined as the difference between the sales proceeds and the carrying amount of the asset and is presented as other income or other expenses in the income statement.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__32": {
"value": "3.8 Impairment of non-financial assetsAt each reporting date, the Group reviews if there are any indicators that the carrying amounts of its tangible and intangible assets may be impaired. If any such indication exists, the recoverable amount of the asset is estimated to determine the extent of the impairment loss (if any). Where the asset does not generate cash flows that are independent from other assets, the Group estimates the recoverable amount of the cash-generating unit to which the asset belongs. When a reasonable and consistent basis of allocation can be identified, corporate assets are also allocated to individual cash-generating units, or otherwise they are allocated to the smallest group of cash-generating units for which a reasonable and consistent allocation basis can be identified.Goodwill and intangible assets with an indefinite useful life are tested for impairment at least annually and whenever there is an indication that the asset may be impaired.Recoverable amount is the higher of fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognized immediately in the income statement.Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognized immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase. Any impairment loss recognized for goodwill is not reversed in a subsequent period.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__33": {
"value": "3.9 LeasesAt the inception of a contract, the company assesses whether the contract is, or contains, a lease. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. The lease liability is recognized at the commencement date and measured at the present value of the remaining lease payments, discounted using the company\u2019s incremental borrowing rate at the commencement date. The lessee\u2019s incremental borrowing rate is the rate of interest that a lessee would have to pay to borrow over a similar term, and with similar security, the funds necessary to obtain an asset of a similar value of the right-of-use asset in a similar economic environment. The Group has chosen to measure the Right-of-Use asset (RoU assets) at an amount equal to the lease liability for all leases by using the lessee\u2019s incremental borrowing rate; the rate may differ from country to country. RoU assets are depreciated over the lease term as this is ordinarily shorter than the useful life of the assets. The lease term represents the non-cancellable period of the lease, together with periods covered by an option either to extend or to terminate the lease when the company is reasonably certain to exercise this option. The Group applies the exemption for short term leases (12 months or less) and low value leases. As such, related lease payments are not recognized in the balance sheet but expensed or capitalized in line with the accounting treatment for other non-lease expenses. The inclusion of non-lease components may vary across different lease categories.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__34": {
"value": "3.10 Financial InstrumentsFinancial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. The Group has classified the financial instruments into the following categories of financial assets and liabilities: Financial assets and liabilities at fair value through profit and loss (FVTPL), financial assets at amortized cost (FAAC), financial assets at fair value through other comprehensive income (FVTOCI) and Financial liability at cost (FLAC). Currently the Group does not have any assets in the classification of FVTOCI. The categorisation of financial instruments (financial assets and liabilities) for measurement purposes is based on the nature and purpose of the financial instrument and is determined on initial recognition. The Group presents financial assets and liabilities in the following classes: trade and other receivables (FAAC), cash and cash equivalents, trade and other payables (FLAC), and borrowings (FLAC). Trade receivables and other current and non-current financial assetsThe financial assets held by the Group, primarily trade and other receivables, are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows and are thus measured subsequently at amortized cost less loss allowances. The impairment model in IFRS 9 Financial Instruments requires the recognition of impairment provisions based on expected credit losses (ECL). The Group recognises an allowance for expected credit losses on trade receivables. The amount of expected credit losses is updated at each reporting date to reflect changes in credit risk since initial recognition. The impairment is calculated by taking into account the historic evidence of the level of credit losses experienced and the ageing profile of the trade receivables. Individual trade receivables are impaired when management assesses them not to be wholly or partially collectible. Cash and cash equivalentsCash and cash equivalents include cash, bank deposits and commercial papers with original maturities of three months or less. Financial liabilitiesTrade and other payables include trade payables and other current and non-current, non-interest-bearing financial liabilities. Borrowings (non-current and current) include bank loans and overdrafts. These liabilities are initially recognized in the statement of financial position at fair value (net of any transaction costs), and subsequently measured at amortized cost using the effective interest rate method.The effective interest method calculates the amortized cost of a financial liability and the allocation of interest expense over the relevant period. The effective interest rate is the rate that discounts estimated future cash payments, including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts, through the expected life of the financial liability, or (where appropriate) a shorter period, to the amortized cost of a financial liability.The Group derecognises financial liabilities when, and only when, the Group\u2019s obligations are discharged, cancelled, or have expired. The difference between the carrying amount of the financial liability derecognized, and the consideration paid and payable is recognized in profit or loss.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__35": {
"value": "3.11 Cash flowThe Group presents the statement of cash flows using the indirect method. Cash inflows and outflows are shown separately for investing and financing activities, while operating activities include both cash and non-cash line items. Interest received and paid, and dividends received, are reported as a part of operating activities. Dividends distributed are included as a part of financing activities. Value Added Tax and other similar taxes are regarded as collection of tax on behalf of authorities.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__36": {
"value": "3.12 Employee benefitsThe Group operates a defined contribution plan (DCP) for post-retirement benefits. A defined contribution plan is a pension plan under which the Group pays fixed contributions to a separate entity (insurance company). The Group has no legal or constructive obligations to pay further contributions to the pension plan for benefits relating to employee service in the current and prior periods. Payments to defined contribution retirement benefit plans are recognized as an expense when employees have rendered service entitling them to the contributions. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__38": {
"value": "3.13 Taxation Income tax in the income statement includes both taxes payable for the period and the change in deferred taxes. The change in deferred taxes reflects future taxes payable resulting from the year\u2019s activities. Deferred taxes are determined based on the accumulated result, which falls due for payment in future periods. Deferred taxes are calculated on net positive timing differences between accounting and tax balance sheet values, after offsetting negative timing differences and losses carried forward under the liability method. A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets are reduced to the extent that it is no longer probable that the related tax benefit will be realized.Deferred tax assets and liabilitiesDeferred tax assets and liabilities are presented net of their respective tax effect using tax rate of the applicable jurisdiction applied to amounts representing future tax deductions or taxes payable.Negative and positive timing differences, which reverse or may reverse in the same period, are offset. Deferred taxes are calculated on the basis of timing differences and losses carried forward that are offset. Timing differences between different subsidiaries have not been offset. During the period that these differences reverse, the companies will have a taxable net income that is sufficient to realize the deferred tax allowance. The losses carried forward are all in countries where future taxable profits are expected.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__37": {
"value": "3.13 Taxation Income tax in the income statement includes both taxes payable for the period and the change in deferred taxes. The change in deferred taxes reflects future taxes payable resulting from the year\u2019s activities. Deferred taxes are determined based on the accumulated result, which falls due for payment in future periods. Deferred taxes are calculated on net positive timing differences between accounting and tax balance sheet values, after offsetting negative timing differences and losses carried forward under the liability method. A deferred tax asset is recognized only to the extent that it is probable that future taxable profits will be available against which the asset can be utilized. Deferred tax assets are reduced to the extent that it is no longer probable that the related tax benefit will be realized.Deferred tax assets and liabilitiesDeferred tax assets and liabilities are presented net of their respective tax effect using tax rate of the applicable jurisdiction applied to amounts representing future tax deductions or taxes payable.Negative and positive timing differences, which reverse or may reverse in the same period, are offset. Deferred taxes are calculated on the basis of timing differences and losses carried forward that are offset. Timing differences between different subsidiaries have not been offset. During the period that these differences reverse, the companies will have a taxable net income that is sufficient to realize the deferred tax allowance. The losses carried forward are all in countries where future taxable profits are expected.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__39": {
"value": "3.14 Hedge accountingOn 15 December 2020, LINK Mobility Group Holding ASA (hereafter \u201cLINK\u201d) issued a bond for EUR 200 million. As a result of the successful issue, it was decided to revert to a hedge of the net investment in a subsidiary that uses Euro as their functional currency. The Group applies hedge accounting for hedges that meet the criteria for hedge accounting. The Group has a hedge of net investments in foreign operations.At the inception of each hedge relationship, the Group designated and documented the hedge accounting relationship, risk management objective, and strategy for undertaking the hedge. The documentation includes identification of the hedging instrument, the hedged item or transaction, the nature of the risk being hedged, and how the entity will assess the hedging instrument\u2019s effectiveness in offsetting the exposure to change in the hedged item\u2019s fair value of cash flows attributable to the hedged risk. Such hedges are expected to be highly effective in achieving offsetting changes in fair value or cash flows and are assessed on an ongoing basis to determine that they have been highly effective throughout the financial reporting periods for which they were designated.Hedge relationships that meet the requirements for hedge accounting are accounted for in the Group\u2019s consolidated financial statements as follows:Hedge of a net investmentA hedge of a net investment in a foreign operation is accounted for in a similar way to a cash flow hedge. Foreign exchange gains or losses on the hedging instrument relating to the effective portion of the hedge are recognized directly in comprehensive income while any foreign exchange gains or losses relating to the ineffective portion are recognized in the income statement. On disposal of the foreign entity, the cumulative foreign exchange gains or losses recognized in other comprehensive income is reclassified to the income statement.Exchange rate riskNet investment hedge accounting is applied when possible.ObjectiveTo reduce exposure to foreign currency risk, the objective is to hedge the outstanding bond principal (EUR) against the relevant subsidiaries comprising the underlying EUR cash flow of the company. It is to be recognized as the actual value representing future liabilities based on the exchange rates at the balance sheet date. In accordance with IFRS 9, the transaction costs related to the bond issue which was settled on 15 December 2020 are accretion expensed (added back) over the lifetime of the bond, thus reaching nominal value at maturity in Q4 2025.In this case, the hedging instrument is a natural hedge between liabilities and assets denominated in EUR. Specifically, debt held in EUR and investments in subsidiaries denominated in EUR form the hedging relationship.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__40": {
"value": "Note 4 Critical accounting judgments and key sources ofestimation variancesIn the application of the Group\u2019s accounting policies, as described in note 3 (summary of significant accounting policies), management is required to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities, income and expenses. Estimates and judgments are evaluated on an ongoing basis and are based on historical experience and other factors, including expectations of future events that are considered to be relevant. Future events may cause these estimates to change and actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Changes in accounting estimates are recognized in the period when the changes occurred, if they apply to that period. If the changes also apply to future periods, the effect will be distributed between the current period and future periods.Estimated impairment of goodwill and other intangible assetsThe carrying amounts of non-current tangible and intangible assets are assessed by means of impairment tests whenever there is an indication of impairment. Any impairment of goodwill is assessed at least annually. The recoverable amounts of cash-generating units have been determined based on value-in-use calculations. These calculations require management to estimate the future cash flows expected to arise from the cash-generating unit and a suitable discount rate in order to calculate present value. As of 31 December 2023, the amount of goodwill tested for impairment amounted to KNOK 6 070 974 (FY2022 - KNOK 5 788 277). In the prior year, an impairment loss of NOK 180 million was recognized in the Spanish CGU in the Western Europe region (FY2023 - nil). Please refer to notes 3 (summary of significant accounting policies) and 13 (intangible assets) for further details related to the impairment testing methodology and results.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__41-1": {
"value": "Estimated impairment of goodwill and other intangible assetsThe carrying amounts of non-current tangible and intangible assets are assessed by means of impairment tests whenever there is an indication of impairment. Any impairment of goodwill is assessed at least annually. The recoverable amounts of cash-generating units have been determined based on value-in-use calculations. These calculations require management to estimate the future cash flows expected to arise from the cash-generating unit and a suitable discount rate in order to calculate present value. As of 31 December 2023, the amount of goodwill tested for impairment amounted to KNOK 6 070 974 (FY2022 - KNOK 5 788 277). In the prior year, an impairment loss of NOK 180 million was recognized in the Spanish CGU in the Western Europe region (FY2023 - nil). Please refer to notes 3 (summary of significant accounting policies) and 13 (intangible assets) for further details related to the impairment testing methodology and results.Note 13 Intangible assets(Amounts in NOK 1000)Goodwill and intangible assets acquired in a business combination are recognized initially as set out in note 3, section 3.3, Business Combinations.Amortisation of intangible assets are based on the following estimated useful lives:Goodwill IndefiniteTradename 25 yearsCustomer relations/contracts 7-10 yearsTechnology 3-10 yearsGoodwill is not amortized but is reviewed for impairment at least annually, or more frequently when there is an indication that the cash-generating unit to which goodwill has been allocated, may be impaired. Goodwill is allocated to each of the Group\u2019s cash-generating units (or groups of cash-generating units) expected to benefit from the synergies of the combination. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognized for goodwill is not reversed in a subsequent period. On disposal of a cash generating unit, the attributable amount of goodwill is included in the determination of the gain or loss on disposal in the income statement.Intangible assets acquired in a business combination and recognized separately from goodwill, such as tradename and customer relations are recognized initially at their fair value at the acquisition date (which is regarded as their cost).Subsequent to initial recognition, intangible assets acquired in a business combination are reported at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognized on a straight-line basis over their estimated useful lives. The estimated useful life and amortisation method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis. Intangible assets with indefinite useful lives are carried at cost less accumulated impairment losses.Separately acquired intangible assetsIntangible assets with finite useful lives such as technology, that are acquired separately are carried at cost less accumulated amortisation and accumulated impairment losses. Subsequent to initial recognition, separately acquired intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired in a business combination.Internally generated intangible assets \u2013 Technology Expenditure on research and development activities is recognized as an expense in the period in which it is incurred. An internally generated intangible asset arising from development of the Group\u2019s technical platforms and products is recognized if, and only if, all the following conditions have been demonstrated: \u2022 the technical feasibility of completing the intangible asset so that it will be available foruse or sale; \u2022 the intention to complete the intangible asset and use or sell it; \u2022 the ability to use or sell the intangible asset; \u2022 how the intangible asset will generate probable future economic benefits; \u2022 the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and \u2022 the ability to measure reliably the expenditure attributable to the intangible asset during its development.The amount initially recognized for internally generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally generated intangible asset can be recognized, development expenditures are expensed as incurred.Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired in a business combination. Trade Customer Year ended 31 December 2022 name relations Technology Goodwill Total Opening net book value 294,768 1,806,093 845,644 5,614,510 8,561,016 Net additions from acquired businesses - 37,608 - 28,175 65,783 Additions in the period -20 3,006 168,925 - 171,912 Exchange differences 392 128,001 35,049 325,952 489,394 Amortization charge -13,209 -236,738 -140,017 - -389,964 Impairment of goodwill - - - -180,360 -180,360 Closing net book amount 281,931 1,737,970 909,601 5,788,277 8,717,780 At 31 December 2022 Cost 338,767 2,423,175 1,535,172 5,968,637 10,265,750 Accumulated amortisation and -56,835 -685,204 -625,571 -180,360 -1,5 47,971 impairment Net book amount 281,931 1,737,970 909,601 5,788,277 8,717,780 Estimated useful life 25 years 7-10 years 3-10 years Indefinite Amortisation method Linear Linear Linear Trade Customer Year ended 31 December 2023 name relations Technology Goodwill Total Opening net book value 281,931 1,737,970 909,601 5,788,277 8,717,780 Effect of discontinued operations - -939,848 -139,521 -1,714,886 -2,794,255 Net additions from acquired businesses - - - - - Additions in period - 10,089 105,899 - 115,988 Exchange differences 603 81,909 37,404 315,479 435,396 Amortization charge -13,209 -146,211 -153,017 0 -312,437 Closing net book amount 269,326 743,910 760,365 4,388,870 6,162,471 Closing net book amount - 827,341 173,477 1,713,079 2,713,897 (assets held for sale) At 31 December 2023 Cost 339,344 1,539,095 1,378,263 4,569,230 7, 825,933 Accumulated amortisation and -70,019 -795,186 - 617,898 -180,360 -1,663,462 impairment Net book amount 269,326 743,910 760,365 4,388,870 6,162,471 Estimated useful life 25 years 7-10 years 3-10 years Indefinite Amortisation method Linear Linear Linear Trade nameThe LINK name was established in 2008 and has become a known name within the mobile solutions industry. The estimated useful life is determined to be 25 years and is amortized accordingly. The trade name has not been allocated to specific CGUs.Customer Relationships For customer relationships identified and recognized through business combinations, the amortisation period is estimated to be between 7-10 years. The amortisation period is based on an analysis of customer churn and the remaining useful life of the customer relationships recogonised in the balance sheet.Technology Amortisation of capital expenditure for the development of Group technology is between 3-10 years. For technology acquired through business combinations, the amortisation period is between 7-10 years based on an evalution of the technological solution. GoodwillGoodwill generated from business combinations is primarily related to anticipated growth prospects for the acquired businesses. Impairment testGoodwill and other intangible assets with an indefinite useful life (i.e. trade name) are not amortized. They are tested for impairment on an annual basis at a cash generating unit (hereafter \u201cCGU\u201d) level, and more frequently if there are indications that amounts may be impaired. In accordance with IAS 36 - Impairment of Assets, the carrying amount of the CGU to which goodwill has been allocated is compared with the recoverable amount of the CGU. The recoverable amount is determined based on value-in-use calculations. These calculations use cash flow projections reflective of management\u2019s best estimate extended over a five year period. The assumed growth rate has been based on the management growth estimate for the next five years and subsequently reduced to 2% for the purpose of determining the terminal value. Certain key assumptions are: Low Range High RangePre-tax discount rates (WACC) 7.70% 14.60%Revenue growth - 5 year forecast 4.50% 47.4 0%Gross profit - 5 year forecast 7.50% 42.00%EBITDA - 5 year forecast 5.50% 30.50%Total impairment headroom is NOK 7 759 million (NOK 11 307 million). Development of WACC discount rates over the past two years have contributed to reduced impairment headroom overall.In the prior year and based on the calculations referred to above, it was been concluded that the recoverable amount exceeds the carrying amount of each CGU with the exception of Spain. Upon testing for impairment, growth assumptions and future discounted cash flows are evaluated to ensure that the carrying value of intangible assets is correct; this resulted in an impairment of goodwill in the Spanish CGU equal to NOK 180 million (FY2023 - nil). There are no indications of further impairment and all other CGU\u2019s have sufficient headroom.The Group, based on an assessment of the facts and circumstances, has concluded that each country constitutes a separate CGU. Goodwill is monitored at the country level for impairment purposes. Goodwill has been allocated to each CGU as presented in the table below.Goodwill2023 2022Norway * 806,490 806,490 Sweden 209,874 197,135 Denmark 337,056 315,959 Finland 235,391 220,968 Germany * 782,405 731,822 Spain 26,378 24,015 Poland 301,861 261,761 Bulgaria 69,770 65,259 France * 444,746 415,993 Switzerland 211,548 186,076 Italy 284,896 266,435 Austria * 509,030 476,121 United Kingdom 7,513 6,886 Hungary 15,313 13,677 Netherlands 146,598 137,120 USA - 1,662,557Total 4,388,870 5,788,277 Total (held for sale) 1,713,079 - * These CGU\u2019s are deemed significant as they have goodwill exceeding 10% of total goodwill.The impairment test shows that the recoverable amounts significantly exceed the carrying amount of the CGUs.Sensitivity analysisIn connection with the impairment testing of intangible assets, a sensitivity analysis has been performed. The sensitivity analysis has tested changes in terminal growth; if no terminal growth (zero-rated) is used, there is still impairment headroom for all CGU\u2019s with the exception of the Spain. The estimates used to determine future cash flows and WACC when calculating value in use are subject to uncertainty. The assumptions are described as follows:Budgeted period - The basis for the projection of the future cash flows estimated is based on the financial budget of one year. The budget in combination with the forecasts represent management\u2019s best estimate of the range of economic conditions that will exist over a five-year period. The forecasted years are estimated based on the company\u2019s strategic initiatives.Local currency and Fx rates - All CGU\u2019s forecasted projections are done using NOK.Terminal value - terminal value is calculated using the Gordon growth formula based on previous year cash-flow, user-specified long-term growth and WACC for the specific CGU.WACC - future cash flows are discounted to present value using a discounted rate based on a calculation of a weighted average cost of capital (WACC). The pre-tax WACC is based on an average interest rate adjusted for each CGU.Management have concluded that no forseable change in any of the key assumptions used in the impairment test would cause the carrying amounts of the cash-generating units with significant goodwill to exceed recoverable amounts.",
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"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
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},
"s9_notes__6__42": {
"value": "Note 5 Discontinued operationsOperations presented as discontinued operations include Message Broadcast LLC. LINK signed a sales and purchase agreement (SPA) on 07 November 2023; the divestment of Message Broadcast LLC (US subsidiary) was closed on 03 January 2024. Refer to note 24 for further information regarding this transaction.Discontinued operationsDiscontinued operations represent a separate major line of business that has been disposed. Discontinued operations are excluded from the results of continuing operations and are presented as a single line, after tax, in the consolidated statement of profit and loss. Discontinued operations are also excluded from segment reporting (note 6); it was previously included as it\u2019s own segment (North America).The profit (loss) of the disposed entity is presented as discontinued operations until disposal, and subsequent adjustments are presented in the following table: Statement of profit and loss from discontinued operations:(Amounts in NOK 1 000) 2023 2022Total revenue 398,683 276,309 Gross profit 317,354 246,594 Payroll and related expenses -91,684 -67, 244 Other operating expenses -72,978 -50,713 Depreciation and amortization -24,857 -9,270 Operating profit (loss) 127,835 119,367 Finance income (expense) -49,576 -50,869 Profit (loss) before income tax 78,259 68,499 Income tax 162 67 Profit (loss) from Message Broadcast LLC 78,096 68,432 Statement of profit and loss from discontinued operations (continued):(Amounts in NOK 1 000) 2023 2022Profit (loss) from Message Broadcast LLC 78,096 68,432 Currency option premium -12,573 - Legal fees -5,904 - Excess value amortization, management fee, and intercompany loan interest -55,923 -48,936 Profit (loss) from discontinued operations before income tax 3,697 19,496 Income tax 25,229 22,961 Profit (loss) from discontinued operations 28,926 42,457 The currency option premium is representative of costs incurred to secure a EUR call option (EUR/USD).The accumulated amounts for discontinued operations recognized in other comprehensive income (OCI) within equity are as follows:(Amounts in NOK 1 000) 2023 2022Accumulated currency translation effects -104,650 -148,546Accumulated currency translation effects are expected to flow through the profit and loss once the transaction is completed.Explanation of the restated income for 2022: Reported in Discontinued Restated in2022 operation 2022 Revenue 5,190,049 276,309 4,913,740 Total operating revenue 5,190,049 276,309 4,913,740 Direct cost of services rendered -3,805,181 -29,715 -3,775,466 Payroll and related expenses -565,492 -67,24 4 -498,247 Other operating expenses -341,745 -40,492 -301,253 Depreciation and amortization -415,592 -118,607 -296,985 Impairment of intangible assets and goodwill -180,360 - -180,360 Total operating expenses -5,308,369 -256,058 -5,052,311 Operating profit (loss) -118,320 20,251 -138,571 Finance income and finance expenses Net currency exchange gains (losses) 93,776 -450 94,227 Net interest expense -148,556 -203 -148,353 Net other financial expenses 17,670 -35 17,705 Total finance income (expense) -37,109 -688 -36,421 Loss before income tax -155,429 19,563 -174,992 Income tax 4,323 22,894 -18,570 Loss from continuing operations -151,106 42,457 -193,563Statement of financial position for assets held as available for sale:(Amounts in NOK 1 000) 2023 ASSETS Goodwill 1,713,079 Other intangible assets 1,000,818 Trade and other receivables 98,375 Cash and cash equivalents 11,636 Equipment and fixtures 1,527 Right-of-use assets 5,856 Other non-current assets 219 Total current assets held as available for sale 2,831,510 LIABILITIES Liabilities Short-term borrowings Lease liabilities 5,957 Trade and other payables 100,857 Income tax payable 69 Deferred tax liabilities 189,943 Total short-term liabilities held as available for sale 296,825",
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"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__44": {
"value": "Note 6 Segment reporting(Amounts in NOK 1000)The Group reports revenue, gross margin (revenue less direct costs) and adjusted EBITDA in functional operating segments to the Board of Directors (the Group\u2019s chief operating decision makers). While LINK uses all four measures to analyze performance, the Group\u2019s strategy of profitable growth means that adjusted EBITDA is the prevailing measure of performance (refer to alternate performance measures).An examination of operating units based on market maturity and product development as well as geography identifies four natural reporting segments. These are Northern Europe, Western Europe, Central Europe, and Global Messaging; these represent market clusters. Generally, regions are segregated into similar geographic locations as these follow similar market trends. Global Messaging includes all regions with aggregator traffic; the other three have enterprise traffic.The regions are:Northern EuropeNorthern Europe is comprised of Norway, Sweden, Denmark, and Finland.Central EuropeCentral Europe is comprised of Bulgaria, Romania, North Macedonia, Poland, Hungary, Germany, Austria, and the Netherlands.Western EuropeWestern Europe is comprised of Spain, France, the United Kingdom, and Italy.Global MessagingGlobal messaging is comprised of non-enterprise traffic and is representative of either stand-alone business or as a component of revenues in countries included above. If a business is comprised of both enterprise and wholesale/aggregator transactions, the latter is segregated here. The Swiss operation Horisen Messaging is included here.Wholesale/aggregator business is defined as an operating unit within LINK\u2019s industry, and that use LINK connections in markets where they do not have such connections themselves. This business can generally be referred to, at least partly, as a direct competitor that use LINK connections.Smaller local aggregators cannot be expected to be covered efficiently by Global Messaging and as such they are still subject to local handling (not a focus area though because they are generally low margin and switch easily).Revenue per segment 2023 2022Northern Europe 1,489,934 1,364,335 Central Europe 1,461,521 1,183,616 Western Europe 1,750,286 1,423,472 Global Messaging 1,580,386 942,317 Total from continuing operations 6,282,126 4,913,740 Total from discontinued operations 398,683 276,309 Gross profit per segment 2023 2022Northern Europe 409,637 375,816 Central Europe 412,233 361,792 Western Europe 409,513 317,179 Global Messaging 116,302 83,487 Total from continuing operations 1,347,685 1,138,275 Total from discontinued operations 317,354 246,594 Adjusted EBITDA per segment 2023 2022Northern Europe 256,367 226,653 Central Europe 271,711 232,052 Western Europe 201,353 153,469 Global Messaging 74,352 47,998 Group Costs -190,661 -174,653 Total from continuing operations 613,121 485,518 Total from discontinued operations 159,345 143,802 Reconciliation of adjusted EBITDA to Group profit (loss) before income tax 2023 2022Adjusted EBITDA 613,121 485,518 Non-recurring items* -135,269 -146,744 Depreciation and amortization -337,535 -477,345 Operating profit 140,317 -138,571 Finance income (expense) -89,345 -36,421 Total from continuing operations 50,972 -174,992 Total from discontinued operations 28,926 42,457 *Non-recurring itemsNon-recurring items is comprised of amounts that relate entirely to the company. Costs related to mergers and acquisitions, personnel cost deemed to be non-recurring (or one-off), restructuring expenses, advisors, and licenses are included in this reconciliation line item (this list is not exhaustive)Disaggregation of revenueThe Group\u2019s operations are conducted through its subsidiaries in the countries listed below. The Group derives its revenue from contracts with customers for the transfer of services as described in the table provided in note 3 to the financial statements.2023 2022Revenue per business lineMobile messaging transactions 6,010,031 4,674,725 Payment services 26,224 25,054 Licenses 214,994 188,384 Consulting services 30,877 25,578 Group revenue from continuing operations 6,282,126 4,913,740 Group revenue from discontinued operations 398,683 276,309 Revenue per geographical regionAustria 216,917 210,443 Bulgaria 159,785 112,151 Denmark 186,432 172,014 Finland 136,625 100,597 France 995,333 846,996 Germany 604,051 486,481 Hungary 24,628 17,213 Italy 514,426 415,764 Latvia - 40 The Netherlands 92,095 146,892 North Macedonia 2,202 1,878 Norway 855,462 753,586 Poland 304,213 241,811 Romania 5,568 4,023 Spain 153,123 116,977 Sweden 392,530 352,422 Switzerland 1,542,474 869,706 United Kingdom 96,262 64,747 Total geographical revenue from continuing operations 6,282,126 4,913,740 Total geographical revenue from discontinued operations 398,683 276,309",
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"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
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"s9_notes__6__43": {
"value": "Note 6 Segment reporting(Amounts in NOK 1000)The Group reports revenue, gross margin (revenue less direct costs) and adjusted EBITDA in functional operating segments to the Board of Directors (the Group\u2019s chief operating decision makers). While LINK uses all four measures to analyze performance, the Group\u2019s strategy of profitable growth means that adjusted EBITDA is the prevailing measure of performance (refer to alternate performance measures).An examination of operating units based on market maturity and product development as well as geography identifies four natural reporting segments. These are Northern Europe, Western Europe, Central Europe, and Global Messaging; these represent market clusters. Generally, regions are segregated into similar geographic locations as these follow similar market trends. Global Messaging includes all regions with aggregator traffic; the other three have enterprise traffic.The regions are:Northern EuropeNorthern Europe is comprised of Norway, Sweden, Denmark, and Finland.Central EuropeCentral Europe is comprised of Bulgaria, Romania, North Macedonia, Poland, Hungary, Germany, Austria, and the Netherlands.Western EuropeWestern Europe is comprised of Spain, France, the United Kingdom, and Italy.Global MessagingGlobal messaging is comprised of non-enterprise traffic and is representative of either stand-alone business or as a component of revenues in countries included above. If a business is comprised of both enterprise and wholesale/aggregator transactions, the latter is segregated here. The Swiss operation Horisen Messaging is included here.Wholesale/aggregator business is defined as an operating unit within LINK\u2019s industry, and that use LINK connections in markets where they do not have such connections themselves. This business can generally be referred to, at least partly, as a direct competitor that use LINK connections.Smaller local aggregators cannot be expected to be covered efficiently by Global Messaging and as such they are still subject to local handling (not a focus area though because they are generally low margin and switch easily).Revenue per segment 2023 2022Northern Europe 1,489,934 1,364,335 Central Europe 1,461,521 1,183,616 Western Europe 1,750,286 1,423,472 Global Messaging 1,580,386 942,317 Total from continuing operations 6,282,126 4,913,740 Total from discontinued operations 398,683 276,309 Gross profit per segment 2023 2022Northern Europe 409,637 375,816 Central Europe 412,233 361,792 Western Europe 409,513 317,179 Global Messaging 116,302 83,487 Total from continuing operations 1,347,685 1,138,275 Total from discontinued operations 317,354 246,594 Adjusted EBITDA per segment 2023 2022Northern Europe 256,367 226,653 Central Europe 271,711 232,052 Western Europe 201,353 153,469 Global Messaging 74,352 47,998 Group Costs -190,661 -174,653 Total from continuing operations 613,121 485,518 Total from discontinued operations 159,345 143,802 Reconciliation of adjusted EBITDA to Group profit (loss) before income tax 2023 2022Adjusted EBITDA 613,121 485,518 Non-recurring items* -135,269 -146,744 Depreciation and amortization -337,535 -477,345 Operating profit 140,317 -138,571 Finance income (expense) -89,345 -36,421 Total from continuing operations 50,972 -174,992 Total from discontinued operations 28,926 42,457 *Non-recurring itemsNon-recurring items is comprised of amounts that relate entirely to the company. Costs related to mergers and acquisitions, personnel cost deemed to be non-recurring (or one-off), restructuring expenses, advisors, and licenses are included in this reconciliation line item (this list is not exhaustive)Disaggregation of revenueThe Group\u2019s operations are conducted through its subsidiaries in the countries listed below. The Group derives its revenue from contracts with customers for the transfer of services as described in the table provided in note 3 to the financial statements.2023 2022Revenue per business lineMobile messaging transactions 6,010,031 4,674,725 Payment services 26,224 25,054 Licenses 214,994 188,384 Consulting services 30,877 25,578 Group revenue from continuing operations 6,282,126 4,913,740 Group revenue from discontinued operations 398,683 276,309 Revenue per geographical regionAustria 216,917 210,443 Bulgaria 159,785 112,151 Denmark 186,432 172,014 Finland 136,625 100,597 France 995,333 846,996 Germany 604,051 486,481 Hungary 24,628 17,213 Italy 514,426 415,764 Latvia - 40 The Netherlands 92,095 146,892 North Macedonia 2,202 1,878 Norway 855,462 753,586 Poland 304,213 241,811 Romania 5,568 4,023 Spain 153,123 116,977 Sweden 392,530 352,422 Switzerland 1,542,474 869,706 United Kingdom 96,262 64,747 Total geographical revenue from continuing operations 6,282,126 4,913,740 Total geographical revenue from discontinued operations 398,683 276,309",
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"s9_notes__6__45": {
"value": "Note 7 Leases(Amounts in NOK 1000)This note provides information for leases where the group is a lessee.Amounts recognized in the balance sheetThe balance sheet shows the following amounts related to leases:Right-of-use assets Leased Leased Other Totalvehiclespremisesleased itemsPeriod ended 31 December 2022Opening net book amount 685 60,116 3,597 64,398 Additions 902 1,696 - 2,598 Net additions from acquired businesses - - - - Depreciation charge (968) (15,027) (3,137) (19,131)Closing net book amount 31.12 620 46,785 460 47,865 Period ended 31 December 2023Opening net book amount 620 46,785 460 47,865 Additions 1,182 14,434 344 15,960 Net additions from acquired businesses - - - - Depreciation charge (1,068) (17,965) (804) (19,836)Closing net book amount 31.12 734 43,254 (0) 43,988 Closing net book amount 31.12 (held as available for sale) - 5,633 222 5,856 Estimated useful life, depreciation plan and residual value is as follows:Economic (useful) life 0 - 3 years 0 - 5 years 0 - 3 yearsDepreciation plan Linear Linear Linear Lease liabilities Leased Leased OtherTotalvehiclespremisesleaseditemsPeriod ended 31 December 2023Opening lease liability 647 47,445 506 48,599 New lease liabilities recognized in the period 1,182 14,434 344 15,960 Total leasing payments for the lease liability (999) (21,188) 262 (21,924)Interest expense on lease liabilities 180 3,021 135 3,336 Closing net book amount 31.12 1,010 43,713 1,247 45,970 Closing net book amount 31.12 (held as available for sale) - 5,721 235 5,956 Whereof:Current lease liabilities 14,549 Non-current lease liabilities 31,421 The Group\u2019s leasing activities and how these are accounted for:The Group leases office space, equipment and vehicles. Rental contracts are typically made for fixed periods between 1 and 10 years but may have extension options as described below.Contracts may contain both lease and non-lease components. The Group allocates the consideration in the contract to the lease and non-lease components based on their relative stand-alone prices. However, for leases of real estate (buildings) for which the group is a lessee, it has elected not to separate lease and non-lease components and instead accounts for these as a single lease component.Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leased assets may not be used as security for borrowing purposes.Leases are recognized as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the Group.Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: \u2022 Fixed payments (including in-substance fixed payments), less any lease incentives receivable; \u2022 Variable lease payment that are based on an index or a rate, initially measured using the index or rate as at the commencement date; \u2022 Amounts expected to be payable by the group under residual value guarantees; \u2022 The exercise price of a purchase option if the group is reasonably certain to exercise that option; and \u2022 payments of penalties for terminating the lease, if the lease term reflects the group exercising that option.Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability.The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be readily determined, which is generally the case for leases in the Group, the lessee\u2019s incremental borrowing rate is used, being the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions.To determine the incremental borrowing rate, the Group: \u2022 Where possible, uses recent third-party financing received by the individual lessee as a startingpoint, adjusted to reflect changes in financing conditions since third party financing was received;\u2022 Uses a build-up approach that starts with a risk-free interest rate adjusted for credit risk for leasesheld by Group subsidiaries, which do not have recent third-party financing; and \u2022 Makes adjustments specific to the lease (i.e. term, country, currency and security).The Group is exposed to potential future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they take effect. When adjustments to lease payments based on an index or rate take effect, the lease liability is reassessed and adjusted against the right-of-use asset.Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period to produce a constant periodic rate of interest on the remaining balance of the liability for each period.Right-of-use assets are measured at cost comprising the following: \u2022 The amount of the initial measurement of lease liability; \u2022 Any lease payments made at or before the commencement date less any lease incentives received; \u2022 Any initial direct costs; and \u2022 Restoration costs.Right-of-use assets are generally depreciated over the shorter of the asset\u2019s useful life and the lease term on a straight-line basis. If the Group is reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the underlying asset\u2019s useful life. While the Group revalues its land and buildings that are presented within property, plant and equipment, it has chosen not to do so for the right-of-use buildings held by the Group.Payments associated with short-term leases of equipment and vehicles and all leases of low-value assets are recognized on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less. Low-value assets comprise IT equipment and small items of office furniture.Variable lease paymentsThe Group is not exposed to variable lease payments.Extension and termination options:Extension and termination options are included in certain property and equipment leases across the Group. These are used to maximise operational flexibility in terms of managing the assets used in the Group\u2019s operations. The majority of extension and termination options held are mutually exercisable and are evaluated accordingly.",
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"s9_notes__6__48": {
"value": "Note 8 Payroll and related expenses (Amounts in NOK 1000) 2023 2022Wages and salaries 366,468 336,009 Share-based payment expense 78,565 47, 833 Social security tax 101,374 71,633 Pension expense 22,033 20,496 Other benefits 16,942 22,277 Total payroll and related expenses (continuing operations) 585,383 498,247 Total payroll and related expenses (discontinued operations) 91,684 67,244 The number of labor years employed during the financial year: 600 761 The pension plans in the Group comply with the pension legislation enacted in respective countries. The pension plans require that the Group pays premiums to public or private administrative pension plans on a mandatory, contractual or voluntary basis. There are no further obligations once the annual premiums are paid. The premiums are accounted for as personnel expenses as soon as they are incurred. Pre-paid premiums are accounted for as an asset to the extent that future benefits can be determined as plausible. Remuneration of key group employees Key group employees are defined as employees who are part of LINK Group management. In FY2023 and as at 31 December 2023, Group management consisted of the following individuals (amounts in NOK 1000): Pension Other Name and position Employed since Salary BonusexpenseremunerationThomas Berge (CEO) September 2016 4,885 923 81 17,796Morten L\u00f8ken Edvardsen (CFO) January 2018 2,401 269 81 3,620 P\u00e5l Marius Brun (CPO) February 2013 2,296 85 81 2,703 Lin Austb\u00f8 (Chief People and Strategy Officer) October 2020 2,344 298 81 4,340Rune Strandli (CTO) April 2023 1,613 - 61 2,703Benoit Bole (COO Western Europe) January 2019 2,251 438 548 8,185Ina Rasmussen (COO Northern Europe) January 2015 2,114 119 81 4,821Riccardo Dragoni (COO Central Europe) May 2021 147 39 -12 114 Total 18,051 2,171 1,026 44,282The CEO has a performance based bonus of up to 7 months salary; the amount of the bonus is determined by the successful completion of key management business objectives that are set by the Board of Directors.The CFO has a performance based bonus of up to 5 months salary. The criteria for this bonus is a combination of quantitative targets determined by the Board of Directors.The remaining key Group employees have a performance based bonus of up to 5 months salary. The bonus is calculated on the basis of achievment of budgeted Group income and EBITDA, and other quantitative criteria that are determined on an annual basis.Share-based remunerationThe Company has two programs for share based remuneration for its employees: the Restricted Share Unit (RSU) program and the long-term incentive plan (LTI) option program. Fair value of the RSU\u2019s and LTI\u2019s are calculated at the time of allocation and expensed over the vesting period.In Q4 2020, the Company issued 3 769 092 RSU\u2019s and 2 000 000 LTI\u2019s to selected employees, including management. Fair value of RSU\u2019s and LTI\u2019s was NOK 46.995 (for all practical purposes equal to the share price) and NOK 20.30 at the grant date, respectively. These are referred to as 2021 LTIP.Grant date for both RSU\u2019s and LTI\u2019s is set at 20.10.2020. The \u201cstrike price\u201d of RSU\u2019s is NOK 0.005 (equal to the nominal value of the shares) and the strike price of the LTI\u2019s is NOK 47.In Q4 2021, the Company issued 3 000 000 additional options as part of the LTI program. Fair value of the these options were calculated at NOK 8.5 and the strike price of the options was NOK 20.89. These are referred to as 2022 LTIP.In Q2 2023, the Company replaced both previous LTIP programs by rolling over those share options into a new long-term incentive program for management and key employees (the \u201cNew LTIP\u201d program\u201d). This program has a total of 16 million options that can be granted. There are no performance conditions applicable, only a vesting period which is subject to the option holder remaining an employee of LINK. These options will vest over a 3 year period segregated into three tranches (1/3 each year).The exercise price for the first 1/3 of the options to be vested shall be based on the market value of the LINK share at the grant date (calculated based on the 5-day VWAP prior to the grant date) with the second 1/3 of the options to be based on the market value at the grant date with an increase of 12% and with the third 1/3 of the options to be based on the second vesting exercise price with an increase of 12%, implying a strike price for the share options under the New LTIP program of NOK 8.11, NOK 9.08 and NOK 10.17, respectively.A total of 1 470 000 options remain from previous programs and have exercise prices of NOK 47.00 and NOK 20.89, respectivelyAn expense of NOK 79 million (including accrued social security tax) related to share options has been recorded in FY2023. The expenses related to the RSU and LTI are NOK 60 million and NOK 15 million, respectively. The amount directly related to the social security tax provision is credit of 16 million.In addition to the RSU and LTI programs, all employees may participate in the employee share purchase program (ESPP). Under the terms of the ESPP, all employees were given the opportunity to apply for shares for up to a maximum amount of NOK 100,000; employees receive a 20% discount on these shares. The shares are subject to a lock-up period of 12 months and after a vesting period of two years, employees are entitled to 1 matching (subject to paying the nominal value per share) per 3 shares subscribed if certain conditions are fulfilled. An expense of NOK 1 million related to ESPP shares is recognized in 2023.In 2022, it is resolved that the Chairperson can be granted 2 million share options (\u201cCOB Options\u201d), whereby 1 option gives the right to subscribe for 1 share in the Company. The subscription right is the volume weighted average trading price of the Company\u2019s shares on the Oslo Stock Exchange for the last 10 trading days before the date of the Extraordinary General Meeting. The options shall vest for 24 months from the grant date and may be exercised for 7 years from the date of grant; vesting is subject to the Chairperson having not withdrawn from this position. An expense of NOK 3 million related to COB Options is recognized in 2023.The tables below shows an overview of the outstanding LTI\u2019s, RSU\u2019s, and COB Options:Number of Number of Expiration Strike priceoptionsunvested options Vesting datedate2021 LTIP 47.0 0 408,000 - 10/20/2021 10/20/20272022 LTIP 20.89 303,000 - 12/7/2023 12/7/2028New LTIP - Tranche 1 8.11 4,585,315 12/7/2023 12/7/2026New LTIP - Tranche 2 9.08 5,471,980 5,471,980 12/7/2024 12/7/2026New LTIP - Tranche 3 10.17 5,472,040 5,472,040 12/7/2025 12/7/2026Sum 16,240,335 10,944,020 2023Number of options Number of options Average priceTotal vested LTI\u2019s2021 LTIP 408,000 47.0 0 2022 LTIP 303,000 20.89 New LTIP - Tranche 1 4,585,315 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Granted unvested options -2021 LTIP 47.0 0 2022 LTIP 20.89 New LTIP - Tranche 1 8.11 New LTIP - Tranche 2 5,471,980 9.08 New LTIP - Tranche 3 5,472,040 10.17 Cancelled LTI\u2019s2021 LTIP 1,592,000 47.0 0 2022 LTIP 2,697,000 20.89 New LTIP - Tranche 1 469,999 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Dropped LTI\u2019s2021 LTIP - 47.0 0 2022 LTIP - 20.89 New LTIP - Tranche 1 - 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Expired LTI\u2019s in the period2021 LTIP - 47.0 0 2022 LTIP - 20.89 New LTIP - Tranche 1 - 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Exercised LTI\u2019s in the period2021 LTIP - 47.0 0 2022 LTIP - 20.89 New LTIP - Tranche 1 - 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Total outstanding LTI\u2019s 16,240,335 19.05 2021 LTIPNumber of Number of LTI\u2019s vested at Exercise Name Grant dateLTI\u2019s granted31.12.2023 Expiry dateprice rangeThomas Berge (CEO) n/a - - n/a n/aMorten L\u00f8ken Edvardsen (CFO) n/a - - n/a n/aP\u00e5l Marius Brun (CPO) n/a - - n/a n/aLin Austb\u00f8n/a - - n/a n/a(Chief People and Strategy Officer)Rune Strandli (CTO) n/a - - n/a n/aBenoit Bole (COO Western Europe) n/a - - n/a n/aIna Rasmussen (COO Northern Europe) n/a - - n/a n/aRiccardo Dragoni (COO Central Europe) n/a - - n/a n/aOthers (not specified) 10/20/2020 408,000 231,880 10/20/2027 47.00 Sum 408,000 231,880 2022 LTIPNumber of Number of LTI\u2019s vested at Exercise Name Grant dateLTI\u2019s granted31.12.2023 Expiry dateprice rangeThomas Berge (CEO) n/a - - n/a n/aMorten L\u00f8ken Edvardsen (CFO) n/a - - n/a n/aP\u00e5l Marius Brun (CPO) n/a - - n/a n/an/a - - n/a n/aLin Austb\u00f8(Chief People and Strategy Officer)Rune Strandli (CTO) n/a - - n/a n/aBenoit Bole (COO Western Europe) n/a - - n/a n/aIna Rasmussen (COO Northern Europe) n/a - n/a n/aRiccardo Dragoni (COO Central Europe) n/a - - n/a n/aOthers (not specified) 12/7/2021 303,000 211,160 12/7/2028 20.89 Sum 303,000 211,160 New LTIPNumber of Number of LTI\u2019s vested at Exercise Name Grant dateLTI\u2019s granted31.12.2023 Expiry dateprice rangeThomas Berge (CEO) 12/7/2022 2,000,000 666,667 12/7/2026 8,11 - 10,17 Morten L\u00f8ken Edvardsen (CFO) 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 P\u00e5l Marius Brun (CPO) 12/7/2022 1,000,000 333,333 12/7/2026 8,11 - 10,17 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 Lin Austb\u00f8(Chief People and Strategy Officer)Rune Strandli (CTO) 12/7/2022 1,000,000 333,333 12/7/2026 8,11 - 10,17 Benoit Bole (COO Western Europe) 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 Ina Rasmussen (COO Northern Europe) 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 Riccardo Dragoni (COO Central Europe) 12/7/2022 833,334 - 12/7/2026 8,11 - 10,17 Others (not specified) 12/7/2022 5,696,001 1,585,319 12/7/2026 8,11 - 10,17 Sum 15,529,335 4,585,319 Number of RSU\u2019s Average priceVested RSU\u2019s 3,769,092 0.005 Unvested RSU\u2019s - - Total outstanding RSU\u2019s 3,769,092 StrikeNumber of VestingExpirationpriceoptionsdatedateVested RSU\u2019s 0.005 1,507,637 10/20/2021 10/20/2028Vested RSU\u2019s 0.005 1,130,728 10/20/2022 10/20/2028Vested RSU\u2019s 0.005 1,130,728 10/20/2023 10/20/2028Sum 3,769,092 Q4 2023 2023Number of AverageNumber of AverageoptionspriceoptionspriceTotal unvested RSU\u2019s - - - - Assigned RSU\u2019s - - - - Cancelled RSU\u2019s - - - - Dropped RSU\u2019s - - - - Expired RSU\u2019s in the period - - - - Exercised RSU\u2019s in the period -1,130,728 0.005 -1,130,728 0.005 Total outstanding RSU\u2019s - - - - Number Number of RSU\u2019s Exercise of RSU\u2019s vested at priceName Grant dategranted31.12.2023 Expiry daterangeThomas Berge (CEO) 10/20/2020 878,775 878,775 10/20/2028 0.005 Morten L\u00f8ken Edvardsen (CFO) 10/20/2020 17,04 4 17,0 4 4 10/20/2028 0.005 P\u00e5l Marius Brun (CTO) 10/20/2020 - - 10/20/2028 0.005 Lin Austb\u00f810/20/2020 68,169 68,169 10/20/2028 0.005 (Chief People and Strategy Officer)Rune Strandli (CTO) 10/20/2020 - - 10/20/2028 0.005 Benoit Bole (COO Western Europe) 10/20/2020 340,847 340,847 10/20/2028 0.005 Ina Rasmussen (COO Northern Europe) 10/20/2020 102,256 102,256 10/20/2028 0.005 Riccardo Dragoni (COO Central Europe) 10/20/2020 - - 10/20/2028 0.005 Others (not specified) 10/20/2020 2,293,832 2,293,832 10/20/2028 0.005 Sum 3,700,923 3,700,923 Number of COB Options Average priceVested COB Options - - Unvested COB Options 2,000,000 11.70 Total outstanding COB Options 2,000,000 StrikeNumber of VestingExpiration priceoptionsdatedateUnvested COB Options 11.70 2,000,000 8/31/2024 8/31/2031Sum 2,000,000 Q4 2023 2023Number of AverageNumber of AverageoptionspriceoptionspriceTotal unvested COB Options 2,000,000 11.70 2,000,000 11.70 Assigned COB Options - - - - Cancelled COB Options - - - - Dropped COB Options - - - - Expired COB Options in the period - - - - Exercised COB Options in the period - - - - Total outstanding COB Options 2,000,000 11.70 2,000,000 11.70 Number Number of COB of COB Options Options vested at Exercise Name Grant dategranted31.12.2023 Expiry dateprice rangeAndre Alexander Christensen (Chair) 8/31/2022 2,000,000 - 8/31/2031 11.70 Sum 2,000,000 - Fair value of the LTI\u2019s and RSU\u2019s are calculated using an adjusted (for exercise behavior) Black-Scholes option pric ing m odel. The following assumptions are used in the calculations: The share price is set equal to the offer price of Link Mobility Group Holding ASA at the time of grant. The strike price for the RSUs is set equal to the nominal share value (NOK 0.005).We assume that historical volatility of a selected group comparable companies within the CPaaS-universe is an indication of future volatility.Expected volatility is set identical to historical volatility, equal to 61 % in the calculations for the first LTI\u2019s and for the RSU\u2019s. The volatility for the LTI II is estimated at 51%, and the volatility for the COB options is estimated at 59.99%.We assume that the employees will exercise the options at the mid-point between earliest and latest possible exercise opportunity. For each grant, the expected lifetime is set to vesting plus 1-year.Risk free rate used in the calculations is set equal to the rate of Norwegian treasury bills and Government Bonds corresponding to the lifetime of the option.Remuneration to the Board of DirectorsThe Board of Directors who did not waive their right to remuneration received payment in July/August 2022. On 31 May 2023, the Company\u2019s general meeting resolved the following remuneration for the Board of Directors for the period from 31 May 2023 until the annual general meeting is held in 2024:Name Remuneration Remuneration AuditCommitteeCommitteeAndre Alexander Christensen (Chair) 650,000 60,000 80,000Sabrina Emma Gosman 400,000 - -Robert Joseph Nicewicz Jr. 400,000 40,000 -Grethe Viksaas 400,000 - 55,000Sara Murby Forste 400,000 - -Jens Rugseth 400,000 40,000 55,00Robert Joseph Nicewicz Jr. and Sabrina Emma Gosman have all waived their right to remuneration and therefore the Company will not remunerate these board members in accordance with the amounts set in the table above.Remuneration to the Nomination CommitteeOn 31 May 2023, the Company\u2019s general meeting resolved the following remuneration for the nomination committee for the period from 31 May 2023 until the annual general meeting is held in 2024:Name RemunerationTor Malmo (Chair) 55,000 Oddny Svergja 35,000 No loans, advances, or guarantees have been granted to key group employees, Board members, or nomination committee members.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__47": {
"value": "Note 8 Payroll and related expenses (Amounts in NOK 1000) 2023 2022Wages and salaries 366,468 336,009 Share-based payment expense 78,565 47, 833 Social security tax 101,374 71,633 Pension expense 22,033 20,496 Other benefits 16,942 22,277 Total payroll and related expenses (continuing operations) 585,383 498,247 Total payroll and related expenses (discontinued operations) 91,684 67,244 The number of labor years employed during the financial year: 600 761 The pension plans in the Group comply with the pension legislation enacted in respective countries. The pension plans require that the Group pays premiums to public or private administrative pension plans on a mandatory, contractual or voluntary basis. There are no further obligations once the annual premiums are paid. The premiums are accounted for as personnel expenses as soon as they are incurred. Pre-paid premiums are accounted for as an asset to the extent that future benefits can be determined as plausible. Remuneration of key group employees Key group employees are defined as employees who are part of LINK Group management. In FY2023 and as at 31 December 2023, Group management consisted of the following individuals (amounts in NOK 1000): Pension Other Name and position Employed since Salary BonusexpenseremunerationThomas Berge (CEO) September 2016 4,885 923 81 17,796Morten L\u00f8ken Edvardsen (CFO) January 2018 2,401 269 81 3,620 P\u00e5l Marius Brun (CPO) February 2013 2,296 85 81 2,703 Lin Austb\u00f8 (Chief People and Strategy Officer) October 2020 2,344 298 81 4,340Rune Strandli (CTO) April 2023 1,613 - 61 2,703Benoit Bole (COO Western Europe) January 2019 2,251 438 548 8,185Ina Rasmussen (COO Northern Europe) January 2015 2,114 119 81 4,821Riccardo Dragoni (COO Central Europe) May 2021 147 39 -12 114 Total 18,051 2,171 1,026 44,282The CEO has a performance based bonus of up to 7 months salary; the amount of the bonus is determined by the successful completion of key management business objectives that are set by the Board of Directors.The CFO has a performance based bonus of up to 5 months salary. The criteria for this bonus is a combination of quantitative targets determined by the Board of Directors.The remaining key Group employees have a performance based bonus of up to 5 months salary. The bonus is calculated on the basis of achievment of budgeted Group income and EBITDA, and other quantitative criteria that are determined on an annual basis.Share-based remunerationThe Company has two programs for share based remuneration for its employees: the Restricted Share Unit (RSU) program and the long-term incentive plan (LTI) option program. Fair value of the RSU\u2019s and LTI\u2019s are calculated at the time of allocation and expensed over the vesting period.In Q4 2020, the Company issued 3 769 092 RSU\u2019s and 2 000 000 LTI\u2019s to selected employees, including management. Fair value of RSU\u2019s and LTI\u2019s was NOK 46.995 (for all practical purposes equal to the share price) and NOK 20.30 at the grant date, respectively. These are referred to as 2021 LTIP.Grant date for both RSU\u2019s and LTI\u2019s is set at 20.10.2020. The \u201cstrike price\u201d of RSU\u2019s is NOK 0.005 (equal to the nominal value of the shares) and the strike price of the LTI\u2019s is NOK 47.In Q4 2021, the Company issued 3 000 000 additional options as part of the LTI program. Fair value of the these options were calculated at NOK 8.5 and the strike price of the options was NOK 20.89. These are referred to as 2022 LTIP.In Q2 2023, the Company replaced both previous LTIP programs by rolling over those share options into a new long-term incentive program for management and key employees (the \u201cNew LTIP\u201d program\u201d). This program has a total of 16 million options that can be granted. There are no performance conditions applicable, only a vesting period which is subject to the option holder remaining an employee of LINK. These options will vest over a 3 year period segregated into three tranches (1/3 each year).The exercise price for the first 1/3 of the options to be vested shall be based on the market value of the LINK share at the grant date (calculated based on the 5-day VWAP prior to the grant date) with the second 1/3 of the options to be based on the market value at the grant date with an increase of 12% and with the third 1/3 of the options to be based on the second vesting exercise price with an increase of 12%, implying a strike price for the share options under the New LTIP program of NOK 8.11, NOK 9.08 and NOK 10.17, respectively.A total of 1 470 000 options remain from previous programs and have exercise prices of NOK 47.00 and NOK 20.89, respectivelyAn expense of NOK 79 million (including accrued social security tax) related to share options has been recorded in FY2023. The expenses related to the RSU and LTI are NOK 60 million and NOK 15 million, respectively. The amount directly related to the social security tax provision is credit of 16 million.In addition to the RSU and LTI programs, all employees may participate in the employee share purchase program (ESPP). Under the terms of the ESPP, all employees were given the opportunity to apply for shares for up to a maximum amount of NOK 100,000; employees receive a 20% discount on these shares. The shares are subject to a lock-up period of 12 months and after a vesting period of two years, employees are entitled to 1 matching (subject to paying the nominal value per share) per 3 shares subscribed if certain conditions are fulfilled. An expense of NOK 1 million related to ESPP shares is recognized in 2023.In 2022, it is resolved that the Chairperson can be granted 2 million share options (\u201cCOB Options\u201d), whereby 1 option gives the right to subscribe for 1 share in the Company. The subscription right is the volume weighted average trading price of the Company\u2019s shares on the Oslo Stock Exchange for the last 10 trading days before the date of the Extraordinary General Meeting. The options shall vest for 24 months from the grant date and may be exercised for 7 years from the date of grant; vesting is subject to the Chairperson having not withdrawn from this position. An expense of NOK 3 million related to COB Options is recognized in 2023.The tables below shows an overview of the outstanding LTI\u2019s, RSU\u2019s, and COB Options:Number of Number of Expiration Strike priceoptionsunvested options Vesting datedate2021 LTIP 47.0 0 408,000 - 10/20/2021 10/20/20272022 LTIP 20.89 303,000 - 12/7/2023 12/7/2028New LTIP - Tranche 1 8.11 4,585,315 12/7/2023 12/7/2026New LTIP - Tranche 2 9.08 5,471,980 5,471,980 12/7/2024 12/7/2026New LTIP - Tranche 3 10.17 5,472,040 5,472,040 12/7/2025 12/7/2026Sum 16,240,335 10,944,020 2023Number of options Number of options Average priceTotal vested LTI\u2019s2021 LTIP 408,000 47.0 0 2022 LTIP 303,000 20.89 New LTIP - Tranche 1 4,585,315 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Granted unvested options -2021 LTIP 47.0 0 2022 LTIP 20.89 New LTIP - Tranche 1 8.11 New LTIP - Tranche 2 5,471,980 9.08 New LTIP - Tranche 3 5,472,040 10.17 Cancelled LTI\u2019s2021 LTIP 1,592,000 47.0 0 2022 LTIP 2,697,000 20.89 New LTIP - Tranche 1 469,999 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Dropped LTI\u2019s2021 LTIP - 47.0 0 2022 LTIP - 20.89 New LTIP - Tranche 1 - 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Expired LTI\u2019s in the period2021 LTIP - 47.0 0 2022 LTIP - 20.89 New LTIP - Tranche 1 - 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Exercised LTI\u2019s in the period2021 LTIP - 47.0 0 2022 LTIP - 20.89 New LTIP - Tranche 1 - 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Total outstanding LTI\u2019s 16,240,335 19.05 2021 LTIPNumber of Number of LTI\u2019s vested at Exercise Name Grant dateLTI\u2019s granted31.12.2023 Expiry dateprice rangeThomas Berge (CEO) n/a - - n/a n/aMorten L\u00f8ken Edvardsen (CFO) n/a - - n/a n/aP\u00e5l Marius Brun (CPO) n/a - - n/a n/aLin Austb\u00f8n/a - - n/a n/a(Chief People and Strategy Officer)Rune Strandli (CTO) n/a - - n/a n/aBenoit Bole (COO Western Europe) n/a - - n/a n/aIna Rasmussen (COO Northern Europe) n/a - - n/a n/aRiccardo Dragoni (COO Central Europe) n/a - - n/a n/aOthers (not specified) 10/20/2020 408,000 231,880 10/20/2027 47.00 Sum 408,000 231,880 2022 LTIPNumber of Number of LTI\u2019s vested at Exercise Name Grant dateLTI\u2019s granted31.12.2023 Expiry dateprice rangeThomas Berge (CEO) n/a - - n/a n/aMorten L\u00f8ken Edvardsen (CFO) n/a - - n/a n/aP\u00e5l Marius Brun (CPO) n/a - - n/a n/an/a - - n/a n/aLin Austb\u00f8(Chief People and Strategy Officer)Rune Strandli (CTO) n/a - - n/a n/aBenoit Bole (COO Western Europe) n/a - - n/a n/aIna Rasmussen (COO Northern Europe) n/a - n/a n/aRiccardo Dragoni (COO Central Europe) n/a - - n/a n/aOthers (not specified) 12/7/2021 303,000 211,160 12/7/2028 20.89 Sum 303,000 211,160 New LTIPNumber of Number of LTI\u2019s vested at Exercise Name Grant dateLTI\u2019s granted31.12.2023 Expiry dateprice rangeThomas Berge (CEO) 12/7/2022 2,000,000 666,667 12/7/2026 8,11 - 10,17 Morten L\u00f8ken Edvardsen (CFO) 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 P\u00e5l Marius Brun (CPO) 12/7/2022 1,000,000 333,333 12/7/2026 8,11 - 10,17 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 Lin Austb\u00f8(Chief People and Strategy Officer)Rune Strandli (CTO) 12/7/2022 1,000,000 333,333 12/7/2026 8,11 - 10,17 Benoit Bole (COO Western Europe) 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 Ina Rasmussen (COO Northern Europe) 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 Riccardo Dragoni (COO Central Europe) 12/7/2022 833,334 - 12/7/2026 8,11 - 10,17 Others (not specified) 12/7/2022 5,696,001 1,585,319 12/7/2026 8,11 - 10,17 Sum 15,529,335 4,585,319 Number of RSU\u2019s Average priceVested RSU\u2019s 3,769,092 0.005 Unvested RSU\u2019s - - Total outstanding RSU\u2019s 3,769,092 StrikeNumber of VestingExpirationpriceoptionsdatedateVested RSU\u2019s 0.005 1,507,637 10/20/2021 10/20/2028Vested RSU\u2019s 0.005 1,130,728 10/20/2022 10/20/2028Vested RSU\u2019s 0.005 1,130,728 10/20/2023 10/20/2028Sum 3,769,092 Q4 2023 2023Number of AverageNumber of AverageoptionspriceoptionspriceTotal unvested RSU\u2019s - - - - Assigned RSU\u2019s - - - - Cancelled RSU\u2019s - - - - Dropped RSU\u2019s - - - - Expired RSU\u2019s in the period - - - - Exercised RSU\u2019s in the period -1,130,728 0.005 -1,130,728 0.005 Total outstanding RSU\u2019s - - - - Number Number of RSU\u2019s Exercise of RSU\u2019s vested at priceName Grant dategranted31.12.2023 Expiry daterangeThomas Berge (CEO) 10/20/2020 878,775 878,775 10/20/2028 0.005 Morten L\u00f8ken Edvardsen (CFO) 10/20/2020 17,04 4 17,0 4 4 10/20/2028 0.005 P\u00e5l Marius Brun (CTO) 10/20/2020 - - 10/20/2028 0.005 Lin Austb\u00f810/20/2020 68,169 68,169 10/20/2028 0.005 (Chief People and Strategy Officer)Rune Strandli (CTO) 10/20/2020 - - 10/20/2028 0.005 Benoit Bole (COO Western Europe) 10/20/2020 340,847 340,847 10/20/2028 0.005 Ina Rasmussen (COO Northern Europe) 10/20/2020 102,256 102,256 10/20/2028 0.005 Riccardo Dragoni (COO Central Europe) 10/20/2020 - - 10/20/2028 0.005 Others (not specified) 10/20/2020 2,293,832 2,293,832 10/20/2028 0.005 Sum 3,700,923 3,700,923 Number of COB Options Average priceVested COB Options - - Unvested COB Options 2,000,000 11.70 Total outstanding COB Options 2,000,000 StrikeNumber of VestingExpiration priceoptionsdatedateUnvested COB Options 11.70 2,000,000 8/31/2024 8/31/2031Sum 2,000,000 Q4 2023 2023Number of AverageNumber of AverageoptionspriceoptionspriceTotal unvested COB Options 2,000,000 11.70 2,000,000 11.70 Assigned COB Options - - - - Cancelled COB Options - - - - Dropped COB Options - - - - Expired COB Options in the period - - - - Exercised COB Options in the period - - - - Total outstanding COB Options 2,000,000 11.70 2,000,000 11.70 Number Number of COB of COB Options Options vested at Exercise Name Grant dategranted31.12.2023 Expiry dateprice rangeAndre Alexander Christensen (Chair) 8/31/2022 2,000,000 - 8/31/2031 11.70 Sum 2,000,000 - Fair value of the LTI\u2019s and RSU\u2019s are calculated using an adjusted (for exercise behavior) Black-Scholes option pric ing m odel. The following assumptions are used in the calculations: The share price is set equal to the offer price of Link Mobility Group Holding ASA at the time of grant. The strike price for the RSUs is set equal to the nominal share value (NOK 0.005).We assume that historical volatility of a selected group comparable companies within the CPaaS-universe is an indication of future volatility.Expected volatility is set identical to historical volatility, equal to 61 % in the calculations for the first LTI\u2019s and for the RSU\u2019s. The volatility for the LTI II is estimated at 51%, and the volatility for the COB options is estimated at 59.99%.We assume that the employees will exercise the options at the mid-point between earliest and latest possible exercise opportunity. For each grant, the expected lifetime is set to vesting plus 1-year.Risk free rate used in the calculations is set equal to the rate of Norwegian treasury bills and Government Bonds corresponding to the lifetime of the option.Remuneration to the Board of DirectorsThe Board of Directors who did not waive their right to remuneration received payment in July/August 2022. On 31 May 2023, the Company\u2019s general meeting resolved the following remuneration for the Board of Directors for the period from 31 May 2023 until the annual general meeting is held in 2024:Name Remuneration Remuneration AuditCommitteeCommitteeAndre Alexander Christensen (Chair) 650,000 60,000 80,000Sabrina Emma Gosman 400,000 - -Robert Joseph Nicewicz Jr. 400,000 40,000 -Grethe Viksaas 400,000 - 55,000Sara Murby Forste 400,000 - -Jens Rugseth 400,000 40,000 55,00Robert Joseph Nicewicz Jr. and Sabrina Emma Gosman have all waived their right to remuneration and therefore the Company will not remunerate these board members in accordance with the amounts set in the table above.Remuneration to the Nomination CommitteeOn 31 May 2023, the Company\u2019s general meeting resolved the following remuneration for the nomination committee for the period from 31 May 2023 until the annual general meeting is held in 2024:Name RemunerationTor Malmo (Chair) 55,000 Oddny Svergja 35,000 No loans, advances, or guarantees have been granted to key group employees, Board members, or nomination committee members.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__46": {
"value": "Note 8 Payroll and related expenses (Amounts in NOK 1000) 2023 2022Wages and salaries 366,468 336,009 Share-based payment expense 78,565 47, 833 Social security tax 101,374 71,633 Pension expense 22,033 20,496 Other benefits 16,942 22,277 Total payroll and related expenses (continuing operations) 585,383 498,247 Total payroll and related expenses (discontinued operations) 91,684 67,244 The number of labor years employed during the financial year: 600 761 The pension plans in the Group comply with the pension legislation enacted in respective countries. The pension plans require that the Group pays premiums to public or private administrative pension plans on a mandatory, contractual or voluntary basis. There are no further obligations once the annual premiums are paid. The premiums are accounted for as personnel expenses as soon as they are incurred. Pre-paid premiums are accounted for as an asset to the extent that future benefits can be determined as plausible. Remuneration of key group employees Key group employees are defined as employees who are part of LINK Group management. In FY2023 and as at 31 December 2023, Group management consisted of the following individuals (amounts in NOK 1000): Pension Other Name and position Employed since Salary BonusexpenseremunerationThomas Berge (CEO) September 2016 4,885 923 81 17,796Morten L\u00f8ken Edvardsen (CFO) January 2018 2,401 269 81 3,620 P\u00e5l Marius Brun (CPO) February 2013 2,296 85 81 2,703 Lin Austb\u00f8 (Chief People and Strategy Officer) October 2020 2,344 298 81 4,340Rune Strandli (CTO) April 2023 1,613 - 61 2,703Benoit Bole (COO Western Europe) January 2019 2,251 438 548 8,185Ina Rasmussen (COO Northern Europe) January 2015 2,114 119 81 4,821Riccardo Dragoni (COO Central Europe) May 2021 147 39 -12 114 Total 18,051 2,171 1,026 44,282The CEO has a performance based bonus of up to 7 months salary; the amount of the bonus is determined by the successful completion of key management business objectives that are set by the Board of Directors.The CFO has a performance based bonus of up to 5 months salary. The criteria for this bonus is a combination of quantitative targets determined by the Board of Directors.The remaining key Group employees have a performance based bonus of up to 5 months salary. The bonus is calculated on the basis of achievment of budgeted Group income and EBITDA, and other quantitative criteria that are determined on an annual basis.Share-based remunerationThe Company has two programs for share based remuneration for its employees: the Restricted Share Unit (RSU) program and the long-term incentive plan (LTI) option program. Fair value of the RSU\u2019s and LTI\u2019s are calculated at the time of allocation and expensed over the vesting period.In Q4 2020, the Company issued 3 769 092 RSU\u2019s and 2 000 000 LTI\u2019s to selected employees, including management. Fair value of RSU\u2019s and LTI\u2019s was NOK 46.995 (for all practical purposes equal to the share price) and NOK 20.30 at the grant date, respectively. These are referred to as 2021 LTIP.Grant date for both RSU\u2019s and LTI\u2019s is set at 20.10.2020. The \u201cstrike price\u201d of RSU\u2019s is NOK 0.005 (equal to the nominal value of the shares) and the strike price of the LTI\u2019s is NOK 47.In Q4 2021, the Company issued 3 000 000 additional options as part of the LTI program. Fair value of the these options were calculated at NOK 8.5 and the strike price of the options was NOK 20.89. These are referred to as 2022 LTIP.In Q2 2023, the Company replaced both previous LTIP programs by rolling over those share options into a new long-term incentive program for management and key employees (the \u201cNew LTIP\u201d program\u201d). This program has a total of 16 million options that can be granted. There are no performance conditions applicable, only a vesting period which is subject to the option holder remaining an employee of LINK. These options will vest over a 3 year period segregated into three tranches (1/3 each year).The exercise price for the first 1/3 of the options to be vested shall be based on the market value of the LINK share at the grant date (calculated based on the 5-day VWAP prior to the grant date) with the second 1/3 of the options to be based on the market value at the grant date with an increase of 12% and with the third 1/3 of the options to be based on the second vesting exercise price with an increase of 12%, implying a strike price for the share options under the New LTIP program of NOK 8.11, NOK 9.08 and NOK 10.17, respectively.A total of 1 470 000 options remain from previous programs and have exercise prices of NOK 47.00 and NOK 20.89, respectivelyAn expense of NOK 79 million (including accrued social security tax) related to share options has been recorded in FY2023. The expenses related to the RSU and LTI are NOK 60 million and NOK 15 million, respectively. The amount directly related to the social security tax provision is credit of 16 million.In addition to the RSU and LTI programs, all employees may participate in the employee share purchase program (ESPP). Under the terms of the ESPP, all employees were given the opportunity to apply for shares for up to a maximum amount of NOK 100,000; employees receive a 20% discount on these shares. The shares are subject to a lock-up period of 12 months and after a vesting period of two years, employees are entitled to 1 matching (subject to paying the nominal value per share) per 3 shares subscribed if certain conditions are fulfilled. An expense of NOK 1 million related to ESPP shares is recognized in 2023.In 2022, it is resolved that the Chairperson can be granted 2 million share options (\u201cCOB Options\u201d), whereby 1 option gives the right to subscribe for 1 share in the Company. The subscription right is the volume weighted average trading price of the Company\u2019s shares on the Oslo Stock Exchange for the last 10 trading days before the date of the Extraordinary General Meeting. The options shall vest for 24 months from the grant date and may be exercised for 7 years from the date of grant; vesting is subject to the Chairperson having not withdrawn from this position. An expense of NOK 3 million related to COB Options is recognized in 2023.The tables below shows an overview of the outstanding LTI\u2019s, RSU\u2019s, and COB Options:Number of Number of Expiration Strike priceoptionsunvested options Vesting datedate2021 LTIP 47.0 0 408,000 - 10/20/2021 10/20/20272022 LTIP 20.89 303,000 - 12/7/2023 12/7/2028New LTIP - Tranche 1 8.11 4,585,315 12/7/2023 12/7/2026New LTIP - Tranche 2 9.08 5,471,980 5,471,980 12/7/2024 12/7/2026New LTIP - Tranche 3 10.17 5,472,040 5,472,040 12/7/2025 12/7/2026Sum 16,240,335 10,944,020 2023Number of options Number of options Average priceTotal vested LTI\u2019s2021 LTIP 408,000 47.0 0 2022 LTIP 303,000 20.89 New LTIP - Tranche 1 4,585,315 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Granted unvested options -2021 LTIP 47.0 0 2022 LTIP 20.89 New LTIP - Tranche 1 8.11 New LTIP - Tranche 2 5,471,980 9.08 New LTIP - Tranche 3 5,472,040 10.17 Cancelled LTI\u2019s2021 LTIP 1,592,000 47.0 0 2022 LTIP 2,697,000 20.89 New LTIP - Tranche 1 469,999 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Dropped LTI\u2019s2021 LTIP - 47.0 0 2022 LTIP - 20.89 New LTIP - Tranche 1 - 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Expired LTI\u2019s in the period2021 LTIP - 47.0 0 2022 LTIP - 20.89 New LTIP - Tranche 1 - 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Exercised LTI\u2019s in the period2021 LTIP - 47.0 0 2022 LTIP - 20.89 New LTIP - Tranche 1 - 8.11 New LTIP - Tranche 2 - 9.08 New LTIP - Tranche 3 - 10.17 Total outstanding LTI\u2019s 16,240,335 19.05 2021 LTIPNumber of Number of LTI\u2019s vested at Exercise Name Grant dateLTI\u2019s granted31.12.2023 Expiry dateprice rangeThomas Berge (CEO) n/a - - n/a n/aMorten L\u00f8ken Edvardsen (CFO) n/a - - n/a n/aP\u00e5l Marius Brun (CPO) n/a - - n/a n/aLin Austb\u00f8n/a - - n/a n/a(Chief People and Strategy Officer)Rune Strandli (CTO) n/a - - n/a n/aBenoit Bole (COO Western Europe) n/a - - n/a n/aIna Rasmussen (COO Northern Europe) n/a - - n/a n/aRiccardo Dragoni (COO Central Europe) n/a - - n/a n/aOthers (not specified) 10/20/2020 408,000 231,880 10/20/2027 47.00 Sum 408,000 231,880 2022 LTIPNumber of Number of LTI\u2019s vested at Exercise Name Grant dateLTI\u2019s granted31.12.2023 Expiry dateprice rangeThomas Berge (CEO) n/a - - n/a n/aMorten L\u00f8ken Edvardsen (CFO) n/a - - n/a n/aP\u00e5l Marius Brun (CPO) n/a - - n/a n/an/a - - n/a n/aLin Austb\u00f8(Chief People and Strategy Officer)Rune Strandli (CTO) n/a - - n/a n/aBenoit Bole (COO Western Europe) n/a - - n/a n/aIna Rasmussen (COO Northern Europe) n/a - n/a n/aRiccardo Dragoni (COO Central Europe) n/a - - n/a n/aOthers (not specified) 12/7/2021 303,000 211,160 12/7/2028 20.89 Sum 303,000 211,160 New LTIPNumber of Number of LTI\u2019s vested at Exercise Name Grant dateLTI\u2019s granted31.12.2023 Expiry dateprice rangeThomas Berge (CEO) 12/7/2022 2,000,000 666,667 12/7/2026 8,11 - 10,17 Morten L\u00f8ken Edvardsen (CFO) 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 P\u00e5l Marius Brun (CPO) 12/7/2022 1,000,000 333,333 12/7/2026 8,11 - 10,17 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 Lin Austb\u00f8(Chief People and Strategy Officer)Rune Strandli (CTO) 12/7/2022 1,000,000 333,333 12/7/2026 8,11 - 10,17 Benoit Bole (COO Western Europe) 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 Ina Rasmussen (COO Northern Europe) 12/7/2022 1,250,000 416,667 12/7/2026 8,11 - 10,17 Riccardo Dragoni (COO Central Europe) 12/7/2022 833,334 - 12/7/2026 8,11 - 10,17 Others (not specified) 12/7/2022 5,696,001 1,585,319 12/7/2026 8,11 - 10,17 Sum 15,529,335 4,585,319 Number of RSU\u2019s Average priceVested RSU\u2019s 3,769,092 0.005 Unvested RSU\u2019s - - Total outstanding RSU\u2019s 3,769,092 StrikeNumber of VestingExpirationpriceoptionsdatedateVested RSU\u2019s 0.005 1,507,637 10/20/2021 10/20/2028Vested RSU\u2019s 0.005 1,130,728 10/20/2022 10/20/2028Vested RSU\u2019s 0.005 1,130,728 10/20/2023 10/20/2028Sum 3,769,092 Q4 2023 2023Number of AverageNumber of AverageoptionspriceoptionspriceTotal unvested RSU\u2019s - - - - Assigned RSU\u2019s - - - - Cancelled RSU\u2019s - - - - Dropped RSU\u2019s - - - - Expired RSU\u2019s in the period - - - - Exercised RSU\u2019s in the period -1,130,728 0.005 -1,130,728 0.005 Total outstanding RSU\u2019s - - - - Number Number of RSU\u2019s Exercise of RSU\u2019s vested at priceName Grant dategranted31.12.2023 Expiry daterangeThomas Berge (CEO) 10/20/2020 878,775 878,775 10/20/2028 0.005 Morten L\u00f8ken Edvardsen (CFO) 10/20/2020 17,04 4 17,0 4 4 10/20/2028 0.005 P\u00e5l Marius Brun (CTO) 10/20/2020 - - 10/20/2028 0.005 Lin Austb\u00f810/20/2020 68,169 68,169 10/20/2028 0.005 (Chief People and Strategy Officer)Rune Strandli (CTO) 10/20/2020 - - 10/20/2028 0.005 Benoit Bole (COO Western Europe) 10/20/2020 340,847 340,847 10/20/2028 0.005 Ina Rasmussen (COO Northern Europe) 10/20/2020 102,256 102,256 10/20/2028 0.005 Riccardo Dragoni (COO Central Europe) 10/20/2020 - - 10/20/2028 0.005 Others (not specified) 10/20/2020 2,293,832 2,293,832 10/20/2028 0.005 Sum 3,700,923 3,700,923 Number of COB Options Average priceVested COB Options - - Unvested COB Options 2,000,000 11.70 Total outstanding COB Options 2,000,000 StrikeNumber of VestingExpiration priceoptionsdatedateUnvested COB Options 11.70 2,000,000 8/31/2024 8/31/2031Sum 2,000,000 Q4 2023 2023Number of AverageNumber of AverageoptionspriceoptionspriceTotal unvested COB Options 2,000,000 11.70 2,000,000 11.70 Assigned COB Options - - - - Cancelled COB Options - - - - Dropped COB Options - - - - Expired COB Options in the period - - - - Exercised COB Options in the period - - - - Total outstanding COB Options 2,000,000 11.70 2,000,000 11.70 Number Number of COB of COB Options Options vested at Exercise Name Grant dategranted31.12.2023 Expiry dateprice rangeAndre Alexander Christensen (Chair) 8/31/2022 2,000,000 - 8/31/2031 11.70 Sum 2,000,000 - Fair value of the LTI\u2019s and RSU\u2019s are calculated using an adjusted (for exercise behavior) Black-Scholes option pric ing m odel. The following assumptions are used in the calculations: The share price is set equal to the offer price of Link Mobility Group Holding ASA at the time of grant. The strike price for the RSUs is set equal to the nominal share value (NOK 0.005).We assume that historical volatility of a selected group comparable companies within the CPaaS-universe is an indication of future volatility.Expected volatility is set identical to historical volatility, equal to 61 % in the calculations for the first LTI\u2019s and for the RSU\u2019s. The volatility for the LTI II is estimated at 51%, and the volatility for the COB options is estimated at 59.99%.We assume that the employees will exercise the options at the mid-point between earliest and latest possible exercise opportunity. For each grant, the expected lifetime is set to vesting plus 1-year.Risk free rate used in the calculations is set equal to the rate of Norwegian treasury bills and Government Bonds corresponding to the lifetime of the option.Remuneration to the Board of DirectorsThe Board of Directors who did not waive their right to remuneration received payment in July/August 2022. On 31 May 2023, the Company\u2019s general meeting resolved the following remuneration for the Board of Directors for the period from 31 May 2023 until the annual general meeting is held in 2024:Name Remuneration Remuneration AuditCommitteeCommitteeAndre Alexander Christensen (Chair) 650,000 60,000 80,000Sabrina Emma Gosman 400,000 - -Robert Joseph Nicewicz Jr. 400,000 40,000 -Grethe Viksaas 400,000 - 55,000Sara Murby Forste 400,000 - -Jens Rugseth 400,000 40,000 55,00Robert Joseph Nicewicz Jr. and Sabrina Emma Gosman have all waived their right to remuneration and therefore the Company will not remunerate these board members in accordance with the amounts set in the table above.Remuneration to the Nomination CommitteeOn 31 May 2023, the Company\u2019s general meeting resolved the following remuneration for the nomination committee for the period from 31 May 2023 until the annual general meeting is held in 2024:Name RemunerationTor Malmo (Chair) 55,000 Oddny Svergja 35,000 No loans, advances, or guarantees have been granted to key group employees, Board members, or nomination committee members.",
"dimensions": {
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"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__50": {
"value": "Note 9 Other operating expenses (Amounts in NOK 1000)2023 2022Advisors and consultants 58,888 65,352 IT, licenses and hosting 100,653 81,855 Restructuring costs 7,658 21,824 Cost related to acquisition of subsidiaries* 6,384 30,886 Sales and marketing cost 39,338 41,515 Cost for premises 11,217 12,840 Inventory and equipment 6,104 6,105 Bad debts expense 7,502 -2,561 Other expenses** 46,706 43,437 Total other operating expenses - continuing operations 284,450 301,253 Total other operating expenses - discontinued operations 72,978 50,713 * This expense line item includes costs related to both completed and ongoing acquisitions.** Other expenses include variable operating expenses related to overhead, travel costs and other operating expenses.The table below summarises audit fees for FY2023 (FY2022) and fees for audit related services, tax services and other services incurred by the Group during the period. Fees include both Norwegian and foreign subsidiaries. 2023 2022Audit fee* 10,116 5,729 Other attestation services 397 37 Tax consulting services 310 253 Other services 270 2,336 Total fee to auditor 11,093 8,355 *In addition to the audit fees presented above NOK 102k (2022: NOK 1 647k), is remunerated to auditors other than PwC. Fees paid for Message Broadcast LLC are included above. In 2023, audit fees were NOK 568k (2022: NOK 806k).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__49": {
"value": "Note 9 Other operating expenses (Amounts in NOK 1000)2023 2022Advisors and consultants 58,888 65,352 IT, licenses and hosting 100,653 81,855 Restructuring costs 7,658 21,824 Cost related to acquisition of subsidiaries* 6,384 30,886 Sales and marketing cost 39,338 41,515 Cost for premises 11,217 12,840 Inventory and equipment 6,104 6,105 Bad debts expense 7,502 -2,561 Other expenses** 46,706 43,437 Total other operating expenses - continuing operations 284,450 301,253 Total other operating expenses - discontinued operations 72,978 50,713 * This expense line item includes costs related to both completed and ongoing acquisitions.** Other expenses include variable operating expenses related to overhead, travel costs and other operating expenses.The table below summarises audit fees for FY2023 (FY2022) and fees for audit related services, tax services and other services incurred by the Group during the period. Fees include both Norwegian and foreign subsidiaries. 2023 2022Audit fee* 10,116 5,729 Other attestation services 397 37 Tax consulting services 310 253 Other services 270 2,336 Total fee to auditor 11,093 8,355 *In addition to the audit fees presented above NOK 102k (2022: NOK 1 647k), is remunerated to auditors other than PwC. Fees paid for Message Broadcast LLC are included above. In 2023, audit fees were NOK 568k (2022: NOK 806k).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__53": {
"value": "Note 10 Net finance income and expenses (Amounts in NOK 1000)The Group\u2019s finance income and expense is comprised of gains (losses) from foreign exchange and from exposure to interest expenses related to loans from financial institutions. Interest amounts are presented as a sum of interest on borrowings offset by amortized cost recognized in the profit and loss. All categories of financial income and expense are presented on a net basis.Net financial income and expenses 2023 20221Net currency exchange gains (losses) 44,319 94,227 Net interest expense -139,667 -148,353 Net other financial income (expense) 6,002 17,705 Total finance income from continuing operations -89,345 -36,421 Total finance income (expense) from discontinued operations -9,520 -978 Net interest expense 2023 2022Interest expense financial institutions - - Interest expense leases -3,336 -3,907 Interest expense bond loan -142,704 -146,590 Other interest income (expenses) 6,373 2,144 Total net interest expense from continuing operations -139,667 -148,353 Total net interest expense from discontinued operations 9 -458 Net other financial income (expenses) 2023 2022Amortized loan set-up costs - - Previously capitalized loan set-up costs - - 2Earn-out payment from M&A transactions 5,845 15,810 Other financial (expenses) income 157 1,895 Total net other financial income from continuing operations 6,002 17,705 Total net other financial expenses from discontinued operations -9,510 -70 1 Foreign currency gain/loss is presented on a net basis here and in the Consolidated Statement of Profit and Loss. Exposure to fluctuations in foreign currency comes from external lending denominated in EUR. Refer to note 19 (interest-bearing liabilities) and note 20 (financial instruments, risk management objectives, and policies) for further details.2 Purchase price of subsidiaries \u2013 earn-out Periodically, the Group acquires subsidiaries where the preliminary purchase price is based on an assumption that the acquired company will achieve a target EBITDA for the current financial year. The final purchase price is subject to an upwards or downwards earn-out adjustment based on the company\u2019s actual achieved EBITDA. The earn-out adjustment is accounted for in the income statement as finance income or expense. Adjustments made are:2022: This is comprised of the settlement to Teracomm and the revaluation of the earn-out for Marketing Platform. 2023 - This is a reversal of the remaining earn-out amount previously accrued for the acquisition of Marketing Platform.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__52": {
"value": "Note 10 Net finance income and expenses (Amounts in NOK 1000)The Group\u2019s finance income and expense is comprised of gains (losses) from foreign exchange and from exposure to interest expenses related to loans from financial institutions. Interest amounts are presented as a sum of interest on borrowings offset by amortized cost recognized in the profit and loss. All categories of financial income and expense are presented on a net basis.Net financial income and expenses 2023 20221Net currency exchange gains (losses) 44,319 94,227 Net interest expense -139,667 -148,353 Net other financial income (expense) 6,002 17,705 Total finance income from continuing operations -89,345 -36,421 Total finance income (expense) from discontinued operations -9,520 -978 Net interest expense 2023 2022Interest expense financial institutions - - Interest expense leases -3,336 -3,907 Interest expense bond loan -142,704 -146,590 Other interest income (expenses) 6,373 2,144 Total net interest expense from continuing operations -139,667 -148,353 Total net interest expense from discontinued operations 9 -458 Net other financial income (expenses) 2023 2022Amortized loan set-up costs - - Previously capitalized loan set-up costs - - 2Earn-out payment from M&A transactions 5,845 15,810 Other financial (expenses) income 157 1,895 Total net other financial income from continuing operations 6,002 17,705 Total net other financial expenses from discontinued operations -9,510 -70 1 Foreign currency gain/loss is presented on a net basis here and in the Consolidated Statement of Profit and Loss. Exposure to fluctuations in foreign currency comes from external lending denominated in EUR. Refer to note 19 (interest-bearing liabilities) and note 20 (financial instruments, risk management objectives, and policies) for further details.2 Purchase price of subsidiaries \u2013 earn-out Periodically, the Group acquires subsidiaries where the preliminary purchase price is based on an assumption that the acquired company will achieve a target EBITDA for the current financial year. The final purchase price is subject to an upwards or downwards earn-out adjustment based on the company\u2019s actual achieved EBITDA. The earn-out adjustment is accounted for in the income statement as finance income or expense. Adjustments made are:2022: This is comprised of the settlement to Teracomm and the revaluation of the earn-out for Marketing Platform. 2023 - This is a reversal of the remaining earn-out amount previously accrued for the acquisition of Marketing Platform.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__51": {
"value": "Note 10 Net finance income and expenses (Amounts in NOK 1000)The Group\u2019s finance income and expense is comprised of gains (losses) from foreign exchange and from exposure to interest expenses related to loans from financial institutions. Interest amounts are presented as a sum of interest on borrowings offset by amortized cost recognized in the profit and loss. All categories of financial income and expense are presented on a net basis.Net financial income and expenses 2023 20221Net currency exchange gains (losses) 44,319 94,227 Net interest expense -139,667 -148,353 Net other financial income (expense) 6,002 17,705 Total finance income from continuing operations -89,345 -36,421 Total finance income (expense) from discontinued operations -9,520 -978 Net interest expense 2023 2022Interest expense financial institutions - - Interest expense leases -3,336 -3,907 Interest expense bond loan -142,704 -146,590 Other interest income (expenses) 6,373 2,144 Total net interest expense from continuing operations -139,667 -148,353 Total net interest expense from discontinued operations 9 -458 Net other financial income (expenses) 2023 2022Amortized loan set-up costs - - Previously capitalized loan set-up costs - - 2Earn-out payment from M&A transactions 5,845 15,810 Other financial (expenses) income 157 1,895 Total net other financial income from continuing operations 6,002 17,705 Total net other financial expenses from discontinued operations -9,510 -70 1 Foreign currency gain/loss is presented on a net basis here and in the Consolidated Statement of Profit and Loss. Exposure to fluctuations in foreign currency comes from external lending denominated in EUR. Refer to note 19 (interest-bearing liabilities) and note 20 (financial instruments, risk management objectives, and policies) for further details.2 Purchase price of subsidiaries \u2013 earn-out Periodically, the Group acquires subsidiaries where the preliminary purchase price is based on an assumption that the acquired company will achieve a target EBITDA for the current financial year. The final purchase price is subject to an upwards or downwards earn-out adjustment based on the company\u2019s actual achieved EBITDA. The earn-out adjustment is accounted for in the income statement as finance income or expense. Adjustments made are:2022: This is comprised of the settlement to Teracomm and the revaluation of the earn-out for Marketing Platform. 2023 - This is a reversal of the remaining earn-out amount previously accrued for the acquisition of Marketing Platform.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__54": {
"value": "Note 11 Earnings per share (Amounts in NOK 1000)The Group\u2019s earnings per share are calculated as below:2023 2022Net earnings (loss) from continuing operations 38,356 -193,563 Net income from discontinued operations 28,926 42,457 Owners of LINK Mobility Group Holding ASA 67,282 -151,106 Weighted average number of ordinary shares (basic) at 31 December 297,059 295,890 Basic earnings (loss) per share from total operations (NOK) 0.23 -0.51 Basic earnings (loss) per share from continuing operations (NOK) 0.13 -0.65 Basic earnings per share from discontinued operations (NOK) 0.10 0.14 Weighted average number of ordinary shares (diluted)Weighted average number of ordinary shares (basic) 297,059 295,890 Effect of share options on issue 8,478 2,076 Weighted average number of ordinary shares (diluted) at 31 December 305,537 297,966 Diluted earnings (loss) per share from total operations (NOK) 0.22 -0.51 Diluted earnings (loss) per share from continuing operations (NOK) 0.13 -0.65 Diluted earnings per share from discontinued operations (NOK) 0.09 0.14 Number of outstanding ordinary shares per 01.01 295,890 294,252 Number of outstanding ordinary shares per 31.12 297,059 295,890",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__60": {
"value": "Note 13 Intangible assets(Amounts in NOK 1000)Goodwill and intangible assets acquired in a business combination are recognized initially as set out in note 3, section 3.3, Business Combinations.Amortisation of intangible assets are based on the following estimated useful lives:Goodwill IndefiniteTradename 25 yearsCustomer relations/contracts 7-10 yearsTechnology 3-10 yearsGoodwill is not amortized but is reviewed for impairment at least annually, or more frequently when there is an indication that the cash-generating unit to which goodwill has been allocated, may be impaired. Goodwill is allocated to each of the Group\u2019s cash-generating units (or groups of cash-generating units) expected to benefit from the synergies of the combination. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognized for goodwill is not reversed in a subsequent period. On disposal of a cash generating unit, the attributable amount of goodwill is included in the determination of the gain or loss on disposal in the income statement.Intangible assets acquired in a business combination and recognized separately from goodwill, such as tradename and customer relations are recognized initially at their fair value at the acquisition date (which is regarded as their cost).Subsequent to initial recognition, intangible assets acquired in a business combination are reported at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognized on a straight-line basis over their estimated useful lives. The estimated useful life and amortisation method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis. Intangible assets with indefinite useful lives are carried at cost less accumulated impairment losses.Separately acquired intangible assetsIntangible assets with finite useful lives such as technology, that are acquired separately are carried at cost less accumulated amortisation and accumulated impairment losses. Subsequent to initial recognition, separately acquired intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired in a business combination.Internally generated intangible assets \u2013 Technology Expenditure on research and development activities is recognized as an expense in the period in which it is incurred. An internally generated intangible asset arising from development of the Group\u2019s technical platforms and products is recognized if, and only if, all the following conditions have been demonstrated: \u2022 the technical feasibility of completing the intangible asset so that it will be available foruse or sale; \u2022 the intention to complete the intangible asset and use or sell it; \u2022 the ability to use or sell the intangible asset; \u2022 how the intangible asset will generate probable future economic benefits; \u2022 the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and \u2022 the ability to measure reliably the expenditure attributable to the intangible asset during its development.The amount initially recognized for internally generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally generated intangible asset can be recognized, development expenditures are expensed as incurred.Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired in a business combination. Trade Customer Year ended 31 December 2022 name relations Technology Goodwill Total Opening net book value 294,768 1,806,093 845,644 5,614,510 8,561,016 Net additions from acquired businesses - 37,608 - 28,175 65,783 Additions in the period -20 3,006 168,925 - 171,912 Exchange differences 392 128,001 35,049 325,952 489,394 Amortization charge -13,209 -236,738 -140,017 - -389,964 Impairment of goodwill - - - -180,360 -180,360 Closing net book amount 281,931 1,737,970 909,601 5,788,277 8,717,780 At 31 December 2022 Cost 338,767 2,423,175 1,535,172 5,968,637 10,265,750 Accumulated amortisation and -56,835 -685,204 -625,571 -180,360 -1,5 47,971 impairment Net book amount 281,931 1,737,970 909,601 5,788,277 8,717,780 Estimated useful life 25 years 7-10 years 3-10 years Indefinite Amortisation method Linear Linear Linear Trade Customer Year ended 31 December 2023 name relations Technology Goodwill Total Opening net book value 281,931 1,737,970 909,601 5,788,277 8,717,780 Effect of discontinued operations - -939,848 -139,521 -1,714,886 -2,794,255 Net additions from acquired businesses - - - - - Additions in period - 10,089 105,899 - 115,988 Exchange differences 603 81,909 37,404 315,479 435,396 Amortization charge -13,209 -146,211 -153,017 0 -312,437 Closing net book amount 269,326 743,910 760,365 4,388,870 6,162,471 Closing net book amount - 827,341 173,477 1,713,079 2,713,897 (assets held for sale) At 31 December 2023 Cost 339,344 1,539,095 1,378,263 4,569,230 7, 825,933 Accumulated amortisation and -70,019 -795,186 - 617,898 -180,360 -1,663,462 impairment Net book amount 269,326 743,910 760,365 4,388,870 6,162,471 Estimated useful life 25 years 7-10 years 3-10 years Indefinite Amortisation method Linear Linear Linear Trade nameThe LINK name was established in 2008 and has become a known name within the mobile solutions industry. The estimated useful life is determined to be 25 years and is amortized accordingly. The trade name has not been allocated to specific CGUs.Customer Relationships For customer relationships identified and recognized through business combinations, the amortisation period is estimated to be between 7-10 years. The amortisation period is based on an analysis of customer churn and the remaining useful life of the customer relationships recogonised in the balance sheet.Technology Amortisation of capital expenditure for the development of Group technology is between 3-10 years. For technology acquired through business combinations, the amortisation period is between 7-10 years based on an evalution of the technological solution. GoodwillGoodwill generated from business combinations is primarily related to anticipated growth prospects for the acquired businesses. Impairment testGoodwill and other intangible assets with an indefinite useful life (i.e. trade name) are not amortized. They are tested for impairment on an annual basis at a cash generating unit (hereafter \u201cCGU\u201d) level, and more frequently if there are indications that amounts may be impaired. In accordance with IAS 36 - Impairment of Assets, the carrying amount of the CGU to which goodwill has been allocated is compared with the recoverable amount of the CGU. The recoverable amount is determined based on value-in-use calculations. These calculations use cash flow projections reflective of management\u2019s best estimate extended over a five year period. The assumed growth rate has been based on the management growth estimate for the next five years and subsequently reduced to 2% for the purpose of determining the terminal value. Certain key assumptions are: Low Range High RangePre-tax discount rates (WACC) 7.70% 14.60%Revenue growth - 5 year forecast 4.50% 47.4 0%Gross profit - 5 year forecast 7.50% 42.00%EBITDA - 5 year forecast 5.50% 30.50%Total impairment headroom is NOK 7 759 million (NOK 11 307 million). Development of WACC discount rates over the past two years have contributed to reduced impairment headroom overall.In the prior year and based on the calculations referred to above, it was been concluded that the recoverable amount exceeds the carrying amount of each CGU with the exception of Spain. Upon testing for impairment, growth assumptions and future discounted cash flows are evaluated to ensure that the carrying value of intangible assets is correct; this resulted in an impairment of goodwill in the Spanish CGU equal to NOK 180 million (FY2023 - nil). There are no indications of further impairment and all other CGU\u2019s have sufficient headroom.The Group, based on an assessment of the facts and circumstances, has concluded that each country constitutes a separate CGU. Goodwill is monitored at the country level for impairment purposes. Goodwill has been allocated to each CGU as presented in the table below.Goodwill2023 2022Norway * 806,490 806,490 Sweden 209,874 197,135 Denmark 337,056 315,959 Finland 235,391 220,968 Germany * 782,405 731,822 Spain 26,378 24,015 Poland 301,861 261,761 Bulgaria 69,770 65,259 France * 444,746 415,993 Switzerland 211,548 186,076 Italy 284,896 266,435 Austria * 509,030 476,121 United Kingdom 7,513 6,886 Hungary 15,313 13,677 Netherlands 146,598 137,120 USA - 1,662,557Total 4,388,870 5,788,277 Total (held for sale) 1,713,079 - * These CGU\u2019s are deemed significant as they have goodwill exceeding 10% of total goodwill.The impairment test shows that the recoverable amounts significantly exceed the carrying amount of the CGUs.Sensitivity analysisIn connection with the impairment testing of intangible assets, a sensitivity analysis has been performed. The sensitivity analysis has tested changes in terminal growth; if no terminal growth (zero-rated) is used, there is still impairment headroom for all CGU\u2019s with the exception of the Spain. The estimates used to determine future cash flows and WACC when calculating value in use are subject to uncertainty. The assumptions are described as follows:Budgeted period - The basis for the projection of the future cash flows estimated is based on the financial budget of one year. The budget in combination with the forecasts represent management\u2019s best estimate of the range of economic conditions that will exist over a five-year period. The forecasted years are estimated based on the company\u2019s strategic initiatives.Local currency and Fx rates - All CGU\u2019s forecasted projections are done using NOK.Terminal value - terminal value is calculated using the Gordon growth formula based on previous year cash-flow, user-specified long-term growth and WACC for the specific CGU.WACC - future cash flows are discounted to present value using a discounted rate based on a calculation of a weighted average cost of capital (WACC). The pre-tax WACC is based on an average interest rate adjusted for each CGU.Management have concluded that no forseable change in any of the key assumptions used in the impairment test would cause the carrying amounts of the cash-generating units with significant goodwill to exceed recoverable amounts.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__59": {
"value": "Note 13 Intangible assets(Amounts in NOK 1000)Goodwill and intangible assets acquired in a business combination are recognized initially as set out in note 3, section 3.3, Business Combinations.Amortisation of intangible assets are based on the following estimated useful lives:Goodwill IndefiniteTradename 25 yearsCustomer relations/contracts 7-10 yearsTechnology 3-10 yearsGoodwill is not amortized but is reviewed for impairment at least annually, or more frequently when there is an indication that the cash-generating unit to which goodwill has been allocated, may be impaired. Goodwill is allocated to each of the Group\u2019s cash-generating units (or groups of cash-generating units) expected to benefit from the synergies of the combination. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognized for goodwill is not reversed in a subsequent period. On disposal of a cash generating unit, the attributable amount of goodwill is included in the determination of the gain or loss on disposal in the income statement.Intangible assets acquired in a business combination and recognized separately from goodwill, such as tradename and customer relations are recognized initially at their fair value at the acquisition date (which is regarded as their cost).Subsequent to initial recognition, intangible assets acquired in a business combination are reported at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognized on a straight-line basis over their estimated useful lives. The estimated useful life and amortisation method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis. Intangible assets with indefinite useful lives are carried at cost less accumulated impairment losses.Separately acquired intangible assetsIntangible assets with finite useful lives such as technology, that are acquired separately are carried at cost less accumulated amortisation and accumulated impairment losses. Subsequent to initial recognition, separately acquired intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired in a business combination.Internally generated intangible assets \u2013 Technology Expenditure on research and development activities is recognized as an expense in the period in which it is incurred. An internally generated intangible asset arising from development of the Group\u2019s technical platforms and products is recognized if, and only if, all the following conditions have been demonstrated: \u2022 the technical feasibility of completing the intangible asset so that it will be available foruse or sale; \u2022 the intention to complete the intangible asset and use or sell it; \u2022 the ability to use or sell the intangible asset; \u2022 how the intangible asset will generate probable future economic benefits; \u2022 the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and \u2022 the ability to measure reliably the expenditure attributable to the intangible asset during its development.The amount initially recognized for internally generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally generated intangible asset can be recognized, development expenditures are expensed as incurred.Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired in a business combination. Trade Customer Year ended 31 December 2022 name relations Technology Goodwill Total Opening net book value 294,768 1,806,093 845,644 5,614,510 8,561,016 Net additions from acquired businesses - 37,608 - 28,175 65,783 Additions in the period -20 3,006 168,925 - 171,912 Exchange differences 392 128,001 35,049 325,952 489,394 Amortization charge -13,209 -236,738 -140,017 - -389,964 Impairment of goodwill - - - -180,360 -180,360 Closing net book amount 281,931 1,737,970 909,601 5,788,277 8,717,780 At 31 December 2022 Cost 338,767 2,423,175 1,535,172 5,968,637 10,265,750 Accumulated amortisation and -56,835 -685,204 -625,571 -180,360 -1,5 47,971 impairment Net book amount 281,931 1,737,970 909,601 5,788,277 8,717,780 Estimated useful life 25 years 7-10 years 3-10 years Indefinite Amortisation method Linear Linear Linear Trade Customer Year ended 31 December 2023 name relations Technology Goodwill Total Opening net book value 281,931 1,737,970 909,601 5,788,277 8,717,780 Effect of discontinued operations - -939,848 -139,521 -1,714,886 -2,794,255 Net additions from acquired businesses - - - - - Additions in period - 10,089 105,899 - 115,988 Exchange differences 603 81,909 37,404 315,479 435,396 Amortization charge -13,209 -146,211 -153,017 0 -312,437 Closing net book amount 269,326 743,910 760,365 4,388,870 6,162,471 Closing net book amount - 827,341 173,477 1,713,079 2,713,897 (assets held for sale) At 31 December 2023 Cost 339,344 1,539,095 1,378,263 4,569,230 7, 825,933 Accumulated amortisation and -70,019 -795,186 - 617,898 -180,360 -1,663,462 impairment Net book amount 269,326 743,910 760,365 4,388,870 6,162,471 Estimated useful life 25 years 7-10 years 3-10 years Indefinite Amortisation method Linear Linear Linear Trade nameThe LINK name was established in 2008 and has become a known name within the mobile solutions industry. The estimated useful life is determined to be 25 years and is amortized accordingly. The trade name has not been allocated to specific CGUs.Customer Relationships For customer relationships identified and recognized through business combinations, the amortisation period is estimated to be between 7-10 years. The amortisation period is based on an analysis of customer churn and the remaining useful life of the customer relationships recogonised in the balance sheet.Technology Amortisation of capital expenditure for the development of Group technology is between 3-10 years. For technology acquired through business combinations, the amortisation period is between 7-10 years based on an evalution of the technological solution. GoodwillGoodwill generated from business combinations is primarily related to anticipated growth prospects for the acquired businesses. Impairment testGoodwill and other intangible assets with an indefinite useful life (i.e. trade name) are not amortized. They are tested for impairment on an annual basis at a cash generating unit (hereafter \u201cCGU\u201d) level, and more frequently if there are indications that amounts may be impaired. In accordance with IAS 36 - Impairment of Assets, the carrying amount of the CGU to which goodwill has been allocated is compared with the recoverable amount of the CGU. The recoverable amount is determined based on value-in-use calculations. These calculations use cash flow projections reflective of management\u2019s best estimate extended over a five year period. The assumed growth rate has been based on the management growth estimate for the next five years and subsequently reduced to 2% for the purpose of determining the terminal value. Certain key assumptions are: Low Range High RangePre-tax discount rates (WACC) 7.70% 14.60%Revenue growth - 5 year forecast 4.50% 47.4 0%Gross profit - 5 year forecast 7.50% 42.00%EBITDA - 5 year forecast 5.50% 30.50%Total impairment headroom is NOK 7 759 million (NOK 11 307 million). Development of WACC discount rates over the past two years have contributed to reduced impairment headroom overall.In the prior year and based on the calculations referred to above, it was been concluded that the recoverable amount exceeds the carrying amount of each CGU with the exception of Spain. Upon testing for impairment, growth assumptions and future discounted cash flows are evaluated to ensure that the carrying value of intangible assets is correct; this resulted in an impairment of goodwill in the Spanish CGU equal to NOK 180 million (FY2023 - nil). There are no indications of further impairment and all other CGU\u2019s have sufficient headroom.The Group, based on an assessment of the facts and circumstances, has concluded that each country constitutes a separate CGU. Goodwill is monitored at the country level for impairment purposes. Goodwill has been allocated to each CGU as presented in the table below.Goodwill2023 2022Norway * 806,490 806,490 Sweden 209,874 197,135 Denmark 337,056 315,959 Finland 235,391 220,968 Germany * 782,405 731,822 Spain 26,378 24,015 Poland 301,861 261,761 Bulgaria 69,770 65,259 France * 444,746 415,993 Switzerland 211,548 186,076 Italy 284,896 266,435 Austria * 509,030 476,121 United Kingdom 7,513 6,886 Hungary 15,313 13,677 Netherlands 146,598 137,120 USA - 1,662,557Total 4,388,870 5,788,277 Total (held for sale) 1,713,079 - * These CGU\u2019s are deemed significant as they have goodwill exceeding 10% of total goodwill.The impairment test shows that the recoverable amounts significantly exceed the carrying amount of the CGUs.Sensitivity analysisIn connection with the impairment testing of intangible assets, a sensitivity analysis has been performed. The sensitivity analysis has tested changes in terminal growth; if no terminal growth (zero-rated) is used, there is still impairment headroom for all CGU\u2019s with the exception of the Spain. The estimates used to determine future cash flows and WACC when calculating value in use are subject to uncertainty. The assumptions are described as follows:Budgeted period - The basis for the projection of the future cash flows estimated is based on the financial budget of one year. The budget in combination with the forecasts represent management\u2019s best estimate of the range of economic conditions that will exist over a five-year period. The forecasted years are estimated based on the company\u2019s strategic initiatives.Local currency and Fx rates - All CGU\u2019s forecasted projections are done using NOK.Terminal value - terminal value is calculated using the Gordon growth formula based on previous year cash-flow, user-specified long-term growth and WACC for the specific CGU.WACC - future cash flows are discounted to present value using a discounted rate based on a calculation of a weighted average cost of capital (WACC). The pre-tax WACC is based on an average interest rate adjusted for each CGU.Management have concluded that no forseable change in any of the key assumptions used in the impairment test would cause the carrying amounts of the cash-generating units with significant goodwill to exceed recoverable amounts.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__58": {
"value": "Note 13 Intangible assets(Amounts in NOK 1000)Goodwill and intangible assets acquired in a business combination are recognized initially as set out in note 3, section 3.3, Business Combinations.Amortisation of intangible assets are based on the following estimated useful lives:Goodwill IndefiniteTradename 25 yearsCustomer relations/contracts 7-10 yearsTechnology 3-10 yearsGoodwill is not amortized but is reviewed for impairment at least annually, or more frequently when there is an indication that the cash-generating unit to which goodwill has been allocated, may be impaired. Goodwill is allocated to each of the Group\u2019s cash-generating units (or groups of cash-generating units) expected to benefit from the synergies of the combination. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognized for goodwill is not reversed in a subsequent period. On disposal of a cash generating unit, the attributable amount of goodwill is included in the determination of the gain or loss on disposal in the income statement.Intangible assets acquired in a business combination and recognized separately from goodwill, such as tradename and customer relations are recognized initially at their fair value at the acquisition date (which is regarded as their cost).Subsequent to initial recognition, intangible assets acquired in a business combination are reported at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognized on a straight-line basis over their estimated useful lives. The estimated useful life and amortisation method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis. Intangible assets with indefinite useful lives are carried at cost less accumulated impairment losses.Separately acquired intangible assetsIntangible assets with finite useful lives such as technology, that are acquired separately are carried at cost less accumulated amortisation and accumulated impairment losses. Subsequent to initial recognition, separately acquired intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired in a business combination.Internally generated intangible assets \u2013 Technology Expenditure on research and development activities is recognized as an expense in the period in which it is incurred. An internally generated intangible asset arising from development of the Group\u2019s technical platforms and products is recognized if, and only if, all the following conditions have been demonstrated: \u2022 the technical feasibility of completing the intangible asset so that it will be available foruse or sale; \u2022 the intention to complete the intangible asset and use or sell it; \u2022 the ability to use or sell the intangible asset; \u2022 how the intangible asset will generate probable future economic benefits; \u2022 the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and \u2022 the ability to measure reliably the expenditure attributable to the intangible asset during its development.The amount initially recognized for internally generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally generated intangible asset can be recognized, development expenditures are expensed as incurred.Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired in a business combination. Trade Customer Year ended 31 December 2022 name relations Technology Goodwill Total Opening net book value 294,768 1,806,093 845,644 5,614,510 8,561,016 Net additions from acquired businesses - 37,608 - 28,175 65,783 Additions in the period -20 3,006 168,925 - 171,912 Exchange differences 392 128,001 35,049 325,952 489,394 Amortization charge -13,209 -236,738 -140,017 - -389,964 Impairment of goodwill - - - -180,360 -180,360 Closing net book amount 281,931 1,737,970 909,601 5,788,277 8,717,780 At 31 December 2022 Cost 338,767 2,423,175 1,535,172 5,968,637 10,265,750 Accumulated amortisation and -56,835 -685,204 -625,571 -180,360 -1,5 47,971 impairment Net book amount 281,931 1,737,970 909,601 5,788,277 8,717,780 Estimated useful life 25 years 7-10 years 3-10 years Indefinite Amortisation method Linear Linear Linear Trade Customer Year ended 31 December 2023 name relations Technology Goodwill Total Opening net book value 281,931 1,737,970 909,601 5,788,277 8,717,780 Effect of discontinued operations - -939,848 -139,521 -1,714,886 -2,794,255 Net additions from acquired businesses - - - - - Additions in period - 10,089 105,899 - 115,988 Exchange differences 603 81,909 37,404 315,479 435,396 Amortization charge -13,209 -146,211 -153,017 0 -312,437 Closing net book amount 269,326 743,910 760,365 4,388,870 6,162,471 Closing net book amount - 827,341 173,477 1,713,079 2,713,897 (assets held for sale) At 31 December 2023 Cost 339,344 1,539,095 1,378,263 4,569,230 7, 825,933 Accumulated amortisation and -70,019 -795,186 - 617,898 -180,360 -1,663,462 impairment Net book amount 269,326 743,910 760,365 4,388,870 6,162,471 Estimated useful life 25 years 7-10 years 3-10 years Indefinite Amortisation method Linear Linear Linear Trade nameThe LINK name was established in 2008 and has become a known name within the mobile solutions industry. The estimated useful life is determined to be 25 years and is amortized accordingly. The trade name has not been allocated to specific CGUs.Customer Relationships For customer relationships identified and recognized through business combinations, the amortisation period is estimated to be between 7-10 years. The amortisation period is based on an analysis of customer churn and the remaining useful life of the customer relationships recogonised in the balance sheet.Technology Amortisation of capital expenditure for the development of Group technology is between 3-10 years. For technology acquired through business combinations, the amortisation period is between 7-10 years based on an evalution of the technological solution. GoodwillGoodwill generated from business combinations is primarily related to anticipated growth prospects for the acquired businesses. Impairment testGoodwill and other intangible assets with an indefinite useful life (i.e. trade name) are not amortized. They are tested for impairment on an annual basis at a cash generating unit (hereafter \u201cCGU\u201d) level, and more frequently if there are indications that amounts may be impaired. In accordance with IAS 36 - Impairment of Assets, the carrying amount of the CGU to which goodwill has been allocated is compared with the recoverable amount of the CGU. The recoverable amount is determined based on value-in-use calculations. These calculations use cash flow projections reflective of management\u2019s best estimate extended over a five year period. The assumed growth rate has been based on the management growth estimate for the next five years and subsequently reduced to 2% for the purpose of determining the terminal value. Certain key assumptions are: Low Range High RangePre-tax discount rates (WACC) 7.70% 14.60%Revenue growth - 5 year forecast 4.50% 47.4 0%Gross profit - 5 year forecast 7.50% 42.00%EBITDA - 5 year forecast 5.50% 30.50%Total impairment headroom is NOK 7 759 million (NOK 11 307 million). Development of WACC discount rates over the past two years have contributed to reduced impairment headroom overall.In the prior year and based on the calculations referred to above, it was been concluded that the recoverable amount exceeds the carrying amount of each CGU with the exception of Spain. Upon testing for impairment, growth assumptions and future discounted cash flows are evaluated to ensure that the carrying value of intangible assets is correct; this resulted in an impairment of goodwill in the Spanish CGU equal to NOK 180 million (FY2023 - nil). There are no indications of further impairment and all other CGU\u2019s have sufficient headroom.The Group, based on an assessment of the facts and circumstances, has concluded that each country constitutes a separate CGU. Goodwill is monitored at the country level for impairment purposes. Goodwill has been allocated to each CGU as presented in the table below.Goodwill2023 2022Norway * 806,490 806,490 Sweden 209,874 197,135 Denmark 337,056 315,959 Finland 235,391 220,968 Germany * 782,405 731,822 Spain 26,378 24,015 Poland 301,861 261,761 Bulgaria 69,770 65,259 France * 444,746 415,993 Switzerland 211,548 186,076 Italy 284,896 266,435 Austria * 509,030 476,121 United Kingdom 7,513 6,886 Hungary 15,313 13,677 Netherlands 146,598 137,120 USA - 1,662,557Total 4,388,870 5,788,277 Total (held for sale) 1,713,079 - * These CGU\u2019s are deemed significant as they have goodwill exceeding 10% of total goodwill.The impairment test shows that the recoverable amounts significantly exceed the carrying amount of the CGUs.Sensitivity analysisIn connection with the impairment testing of intangible assets, a sensitivity analysis has been performed. The sensitivity analysis has tested changes in terminal growth; if no terminal growth (zero-rated) is used, there is still impairment headroom for all CGU\u2019s with the exception of the Spain. The estimates used to determine future cash flows and WACC when calculating value in use are subject to uncertainty. The assumptions are described as follows:Budgeted period - The basis for the projection of the future cash flows estimated is based on the financial budget of one year. The budget in combination with the forecasts represent management\u2019s best estimate of the range of economic conditions that will exist over a five-year period. The forecasted years are estimated based on the company\u2019s strategic initiatives.Local currency and Fx rates - All CGU\u2019s forecasted projections are done using NOK.Terminal value - terminal value is calculated using the Gordon growth formula based on previous year cash-flow, user-specified long-term growth and WACC for the specific CGU.WACC - future cash flows are discounted to present value using a discounted rate based on a calculation of a weighted average cost of capital (WACC). The pre-tax WACC is based on an average interest rate adjusted for each CGU.Management have concluded that no forseable change in any of the key assumptions used in the impairment test would cause the carrying amounts of the cash-generating units with significant goodwill to exceed recoverable amounts.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__57": {
"value": "Note 13 Intangible assets(Amounts in NOK 1000)Goodwill and intangible assets acquired in a business combination are recognized initially as set out in note 3, section 3.3, Business Combinations.Amortisation of intangible assets are based on the following estimated useful lives:Goodwill IndefiniteTradename 25 yearsCustomer relations/contracts 7-10 yearsTechnology 3-10 yearsGoodwill is not amortized but is reviewed for impairment at least annually, or more frequently when there is an indication that the cash-generating unit to which goodwill has been allocated, may be impaired. Goodwill is allocated to each of the Group\u2019s cash-generating units (or groups of cash-generating units) expected to benefit from the synergies of the combination. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognized for goodwill is not reversed in a subsequent period. On disposal of a cash generating unit, the attributable amount of goodwill is included in the determination of the gain or loss on disposal in the income statement.Intangible assets acquired in a business combination and recognized separately from goodwill, such as tradename and customer relations are recognized initially at their fair value at the acquisition date (which is regarded as their cost).Subsequent to initial recognition, intangible assets acquired in a business combination are reported at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognized on a straight-line basis over their estimated useful lives. The estimated useful life and amortisation method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis. Intangible assets with indefinite useful lives are carried at cost less accumulated impairment losses.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__56": {
"value": "Note 13 Intangible assets(Amounts in NOK 1000)Goodwill and intangible assets acquired in a business combination are recognized initially as set out in note 3, section 3.3, Business Combinations.Amortisation of intangible assets are based on the following estimated useful lives:Goodwill IndefiniteTradename 25 yearsCustomer relations/contracts 7-10 yearsTechnology 3-10 yearsGoodwill is not amortized but is reviewed for impairment at least annually, or more frequently when there is an indication that the cash-generating unit to which goodwill has been allocated, may be impaired. Goodwill is allocated to each of the Group\u2019s cash-generating units (or groups of cash-generating units) expected to benefit from the synergies of the combination. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit. An impairment loss recognized for goodwill is not reversed in a subsequent period. On disposal of a cash generating unit, the attributable amount of goodwill is included in the determination of the gain or loss on disposal in the income statement.Intangible assets acquired in a business combination and recognized separately from goodwill, such as tradename and customer relations are recognized initially at their fair value at the acquisition date (which is regarded as their cost).Subsequent to initial recognition, intangible assets acquired in a business combination are reported at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognized on a straight-line basis over their estimated useful lives. The estimated useful life and amortisation method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis. Intangible assets with indefinite useful lives are carried at cost less accumulated impairment losses.Separately acquired intangible assetsIntangible assets with finite useful lives such as technology, that are acquired separately are carried at cost less accumulated amortisation and accumulated impairment losses. Subsequent to initial recognition, separately acquired intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired in a business combination.Internally generated intangible assets \u2013 Technology Expenditure on research and development activities is recognized as an expense in the period in which it is incurred. An internally generated intangible asset arising from development of the Group\u2019s technical platforms and products is recognized if, and only if, all the following conditions have been demonstrated: \u2022 the technical feasibility of completing the intangible asset so that it will be available foruse or sale; \u2022 the intention to complete the intangible asset and use or sell it; \u2022 the ability to use or sell the intangible asset; \u2022 how the intangible asset will generate probable future economic benefits; \u2022 the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and \u2022 the ability to measure reliably the expenditure attributable to the intangible asset during its development.The amount initially recognized for internally generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally generated intangible asset can be recognized, development expenditures are expensed as incurred.Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired in a business combination. Trade Customer Year ended 31 December 2022 name relations Technology Goodwill Total Opening net book value 294,768 1,806,093 845,644 5,614,510 8,561,016 Net additions from acquired businesses - 37,608 - 28,175 65,783 Additions in the period -20 3,006 168,925 - 171,912 Exchange differences 392 128,001 35,049 325,952 489,394 Amortization charge -13,209 -236,738 -140,017 - -389,964 Impairment of goodwill - - - -180,360 -180,360 Closing net book amount 281,931 1,737,970 909,601 5,788,277 8,717,780 At 31 December 2022 Cost 338,767 2,423,175 1,535,172 5,968,637 10,265,750 Accumulated amortisation and -56,835 -685,204 -625,571 -180,360 -1,5 47,971 impairment Net book amount 281,931 1,737,970 909,601 5,788,277 8,717,780 Estimated useful life 25 years 7-10 years 3-10 years Indefinite Amortisation method Linear Linear Linear Trade Customer Year ended 31 December 2023 name relations Technology Goodwill Total Opening net book value 281,931 1,737,970 909,601 5,788,277 8,717,780 Effect of discontinued operations - -939,848 -139,521 -1,714,886 -2,794,255 Net additions from acquired businesses - - - - - Additions in period - 10,089 105,899 - 115,988 Exchange differences 603 81,909 37,404 315,479 435,396 Amortization charge -13,209 -146,211 -153,017 0 -312,437 Closing net book amount 269,326 743,910 760,365 4,388,870 6,162,471 Closing net book amount - 827,341 173,477 1,713,079 2,713,897 (assets held for sale) At 31 December 2023 Cost 339,344 1,539,095 1,378,263 4,569,230 7, 825,933 Accumulated amortisation and -70,019 -795,186 - 617,898 -180,360 -1,663,462 impairment Net book amount 269,326 743,910 760,365 4,388,870 6,162,471 Estimated useful life 25 years 7-10 years 3-10 years Indefinite Amortisation method Linear Linear Linear Trade nameThe LINK name was established in 2008 and has become a known name within the mobile solutions industry. The estimated useful life is determined to be 25 years and is amortized accordingly. The trade name has not been allocated to specific CGUs.Customer Relationships For customer relationships identified and recognized through business combinations, the amortisation period is estimated to be between 7-10 years. The amortisation period is based on an analysis of customer churn and the remaining useful life of the customer relationships recogonised in the balance sheet.Technology Amortisation of capital expenditure for the development of Group technology is between 3-10 years. For technology acquired through business combinations, the amortisation period is between 7-10 years based on an evalution of the technological solution. GoodwillGoodwill generated from business combinations is primarily related to anticipated growth prospects for the acquired businesses. Impairment testGoodwill and other intangible assets with an indefinite useful life (i.e. trade name) are not amortized. They are tested for impairment on an annual basis at a cash generating unit (hereafter \u201cCGU\u201d) level, and more frequently if there are indications that amounts may be impaired. In accordance with IAS 36 - Impairment of Assets, the carrying amount of the CGU to which goodwill has been allocated is compared with the recoverable amount of the CGU. The recoverable amount is determined based on value-in-use calculations. These calculations use cash flow projections reflective of management\u2019s best estimate extended over a five year period. The assumed growth rate has been based on the management growth estimate for the next five years and subsequently reduced to 2% for the purpose of determining the terminal value. Certain key assumptions are: Low Range High RangePre-tax discount rates (WACC) 7.70% 14.60%Revenue growth - 5 year forecast 4.50% 47.4 0%Gross profit - 5 year forecast 7.50% 42.00%EBITDA - 5 year forecast 5.50% 30.50%Total impairment headroom is NOK 7 759 million (NOK 11 307 million). Development of WACC discount rates over the past two years have contributed to reduced impairment headroom overall.In the prior year and based on the calculations referred to above, it was been concluded that the recoverable amount exceeds the carrying amount of each CGU with the exception of Spain. Upon testing for impairment, growth assumptions and future discounted cash flows are evaluated to ensure that the carrying value of intangible assets is correct; this resulted in an impairment of goodwill in the Spanish CGU equal to NOK 180 million (FY2023 - nil). There are no indications of further impairment and all other CGU\u2019s have sufficient headroom.The Group, based on an assessment of the facts and circumstances, has concluded that each country constitutes a separate CGU. Goodwill is monitored at the country level for impairment purposes. Goodwill has been allocated to each CGU as presented in the table below.Goodwill2023 2022Norway * 806,490 806,490 Sweden 209,874 197,135 Denmark 337,056 315,959 Finland 235,391 220,968 Germany * 782,405 731,822 Spain 26,378 24,015 Poland 301,861 261,761 Bulgaria 69,770 65,259 France * 444,746 415,993 Switzerland 211,548 186,076 Italy 284,896 266,435 Austria * 509,030 476,121 United Kingdom 7,513 6,886 Hungary 15,313 13,677 Netherlands 146,598 137,120 USA - 1,662,557Total 4,388,870 5,788,277 Total (held for sale) 1,713,079 - * These CGU\u2019s are deemed significant as they have goodwill exceeding 10% of total goodwill.The impairment test shows that the recoverable amounts significantly exceed the carrying amount of the CGUs.Sensitivity analysisIn connection with the impairment testing of intangible assets, a sensitivity analysis has been performed. The sensitivity analysis has tested changes in terminal growth; if no terminal growth (zero-rated) is used, there is still impairment headroom for all CGU\u2019s with the exception of the Spain. The estimates used to determine future cash flows and WACC when calculating value in use are subject to uncertainty. The assumptions are described as follows:Budgeted period - The basis for the projection of the future cash flows estimated is based on the financial budget of one year. The budget in combination with the forecasts represent management\u2019s best estimate of the range of economic conditions that will exist over a five-year period. The forecasted years are estimated based on the company\u2019s strategic initiatives.Local currency and Fx rates - All CGU\u2019s forecasted projections are done using NOK.Terminal value - terminal value is calculated using the Gordon growth formula based on previous year cash-flow, user-specified long-term growth and WACC for the specific CGU.WACC - future cash flows are discounted to present value using a discounted rate based on a calculation of a weighted average cost of capital (WACC). The pre-tax WACC is based on an average interest rate adjusted for each CGU.Management have concluded that no forseable change in any of the key assumptions used in the impairment test would cause the carrying amounts of the cash-generating units with significant goodwill to exceed recoverable amounts.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__55": {
"value": "Note 12 Transactions with related parties (Amounts in NOK 1000)Balances and transactions between LINK Mobility Group Holding ASA and its subsidiaries, which are related parties of LINK Mobility Group AS, have been eliminated on consolidation and are not disclosed in this note.During the year, the Group has not entered into any transactions with related parties.At 31 December 2023, the Company had no balances with related parties.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__62": {
"value": "Note 14 Equipment and fixtures (Amounts in NOK 1000)Period ended 31 December 2022Opening net book amount 20,485 Additions 6,604 Net additions from acquired businesses - Disposals -32 Depreciation charge -7,456 Translation differences 1,062 Closing net book amount 31.12 20,663 Period ended 31 December 2023Opening net book amount 20,663 Additions 5,857 Net additions from acquired businesses - Disposals 248 Depreciation charge -7,742 Translation differences 1,406 Closing net book amount 31.12 (continuing operations) 20,432 Closing net book amount 31.12 (held as available for sale) 1,527 Cost 77,5 41 Accumulated depreciation -57,108 Net book amount 31.12 20,432 Estimated useful life, depreciation plan and residual valueis as follows:Economic (useful) life 3-5 yearsDepreciation plan Linear",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__63": {
"value": "Note 15 Trade and other receivables (Amounts in NOK 1000)2023 2022Trade receivables 1,172,768 1,029,665 Unbilled revenue 165,111 167,354 Prepayments 17,688 17,5 4 8 Other receivables 24,846 29,191 Total trade and other receivables from continuing operations 1,380,412 1,243,758 Total trade and other receivables held as available for sale 98,375 - The above trade receivables and other receivables represent the Group\u2019s maximum exposure to credit risk at the balance sheet date. Trade accounts receivable relate to the sale of mobile messaging transactions, payment services, licenses, and consulting services; these are within the normal operating cycle. Accrued revenues are representative of an estimate for messaging traffic. An accrual for revenue is made to best reflect volumes in advance of when an invoice from the telecommunications provider is received.The Group measures the loss allowance for trade receivables at an amount equal to lifetime expected credit losses. Based on historical trends, the Group recognises a loss allowance of 100% against all receivables over 120 days past due, unless it is probable that the receivable will be collected based on past experience with customer and financial position of the debtor. Additional allowances for specific balances are recognized based on past experience and an analysis of the financial position of the debtor along with other relevant factors. There is no loss allowance related to accrued revenues.The Group has recognized a provision for bad debts of KNOK 48 530 (FY2022 - KNOK 37 997). Trade receivables recognized as a part of business combinations are recognized at fair value on the date of acquisition, allowance for impairment amounted to KNOK 0 (FY2022 - KNOK 0).Ageing of past due but not impaired trade receivables(in thousands of NOK) 2023 % 2022 %Not past due 543,917 48 % 611,159 59 %1-30 days overdue 201,688 18 % 204,810 20 %31-60 days overdue 104,495 9 % 81,695 8 %61-90 days overdue 69,897 6 % 58,242 6 %91-180 days overdue 122,398 11 % 38,941 4 %More than 180 days overdue 130,374 9 % 34,818 3 %Total 1,172,768 100 % 1,029,665 100 %",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__64": {
"value": "Note 16 Cash and cash equivalents (Amounts in NOK 1000)2023 2022Cash held in banks 1,096,596 826,851 Total cash and cash equivalents from continuing operations 1,096,596 826,851 Total cash and cash equivalents held as available for sale 11,636 - Restricted cash 2023 2022Taxes withheld 36,912 10,175 Other restricted cash 10,494 4,582 Total restricted cash from continuing operations 47,406 14,757 Cash and cash equivalents include restricted cash related to regulatory requirements. The cash pool is a zero-balancing cash-pool, including the automatic transfers of funds between a master account and subsidiary accounts to cover deposit and withdrawal activity wihin the arrangement. LINK Mobility Group AS is the cash pool administrator/master and holder of the top accounts in different currencies (defined as Facility Accounts). In addition to Facility Accounts, various transactional accounts exist in the same currency as the Facility Account; these are defined as Detail Accounts. Funds deposited into a Detail Account are automatically and instantly transferred to a Facility Account. Similarly, funds withdrawn from a Detail Account are automatically and instantly transferred from a Facility Account. The Detail Accounts maintain a balance of zero, whereas each Facility Account holds the credit or debit balance of the funds available for drawing in the cash pool. A Facility Account (and its balance) is owned solely by LINK and creates rights and obligations only between LINK and the bank. The balance on the Facility Accounts is subject to interest calculations between LINK and the bank. Transactions (deposits or withdrawals) cannot be performed on a Facility Account, but must be performed using a Detail Account. The Bank registers each transaction between each Facility Account and each Detail Account in the cash pool and the total balance thereof. This balance reflects the intra-Group balance between LINK and each Detail Account Holder. The participating entities of the Group have internal balances toward LINK through the use of the Detail Accounts.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__65": {
"value": "Note 17 Share capital and shareholder information Share capital as at 31 December 2023 is KNOK 1 485 (2022: KNOK 1 479), being 297 059 271 ordinary shares (2022: 295 890 306 ordinary shares) at a nominal value of NOK 0.005/share (2022: NOK 0.005/share). There are no preference shares in FY2023 (FY2022: nil). All shares were fully paid; each ordinary share carries one vote at any general meeting.The movement in the number of shares during the year was as follows:2023 2022Ordinary shares opening balance 2023/2022 295,890,306 294,252,254 Issue of ordinary shares (07 July 2022) 588,127 Issue of ordinary shares (14 November 2022) 929,457 Issue of ordinary shares (24 November 2022) 120,468 Issue of ordinary shares (05 June 2023) 174,692 Issue of ordinary shares (08 November 2023) 909,110 Issue of ordinary shares (22 December 2023) 85,163 Ordinary shares at the end of the period 297,059,271 295,890,306 Total number of shares at the end of the period 297,059,271 295,890,306LINK Mobility Group Holding ASA has the following major shareholders as at 31 December 2023:Name of shareholder Type of account Ownership interestCitibank, N.A. Nominee 28.80%KARBON INVEST AS Ordinary 5.37%Citibank, N.A. Nominee 4.51%FOLKETRYGDFONDET Ordinary 4.14%The Bank of New York Mellon SA/NV Nominee 3.77%VERDIPAPIRFONDET DNB SMB Ordinary 2.73%SUNDT AS Ordinary 2.36%J.P. Morgan SE Nominee 1.80%BARCLAYS CAPITAL SEC. LTD FIRM Ordinary 1.71%SKANDINAVISKA ENSKILDA BANKEN AB Ordinary 1.70%DANSKE BANK Ordinary 1.61%VERDIPAPIRFONDET FIRST GENERATOR Ordinary 1.50%The Bank of New York Mellon SA/NV Nominee 1.41%J.P. MORGAN SECURITIES PLC Ordinary 1.34%VERDIPAPIRFONDET DNB NORGE Ordinary 1.18%DEFA ENDEAVOUR AS Ordinary 1.16%Citibank, N.A. Nominee 1.13%CLEARSTREAM BANKING S.A. Nominee 1.11%VERDIPAPIRFONDET DELPHI NORDIC Ordinary 1.06%Em Kapital As Ordinary 1.02%69.41%The company\u2019s trustees (Board Members, management) hold ownership interests and rights to shares:Name of shareholder Total number of sharesVictory Partners VIII Limited via a nominee account in Citibank 85,540,774 (controlled by Abry who have 2 Board members)Karbon Invest AS (controlled by Jens Rugseth) 15,945,105 HDR Srl (controlled by Riccardo Dragoni) 664,215Rugz AS (controlled by Jens Rugseth) 500,000 Thomas Berge 455,030 Ina Rasmussen 67,166 Lin Austb\u00f8 40,504 Morten L\u00f8ken Edvardsen 29,298 P\u00e5l Marius Brun 16,251 Sara Murby Forste 15,957 Riccardo Dragoni 8,612Grethe Helene Viksaas (Board member) 6,382 Benoit Bole 5,000",
"dimensions": {
"concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__67": {
"value": "Note 18 Classes and categories of financial instruments (Amounts in NOK 1000)Carrying value2023 2022Current financial assetsTrade receivables 1,172,768 1,029,665 Cash and cash equivalents 1,096,596 826,851 Non-current financial liabilitiesBorrowings 4,008,320 3, 837,096 Lease liabilities 31,421 34,381 Current liabilitiesBorrowings 2,741 5,470 Lease liabilities 14,549 14,217 Trade payables 845,406 698,333 The financial assets held by the Group are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows and are thus measured subsequently at amortized cost less loss allowances.All financial liabilities are measured at amortized cost.The carrying amounts of financial assets and liabilities approximate their fair value as at 31 December 2023. Arrangements with financial institutions are entered into on market terms, and the carrying value at the reporting date has been assessed as approximating fair value.The recognized amounts consitute a reasonable approximation of fair value.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__66": {
"value": "Note 18 Classes and categories of financial instruments (Amounts in NOK 1000)Carrying value2023 2022Current financial assetsTrade receivables 1,172,768 1,029,665 Cash and cash equivalents 1,096,596 826,851 Non-current financial liabilitiesBorrowings 4,008,320 3, 837,096 Lease liabilities 31,421 34,381 Current liabilitiesBorrowings 2,741 5,470 Lease liabilities 14,549 14,217 Trade payables 845,406 698,333 The financial assets held by the Group are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows and are thus measured subsequently at amortized cost less loss allowances.All financial liabilities are measured at amortized cost.The carrying amounts of financial assets and liabilities approximate their fair value as at 31 December 2023. Arrangements with financial institutions are entered into on market terms, and the carrying value at the reporting date has been assessed as approximating fair value.The recognized amounts consitute a reasonable approximation of fair value.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__68": {
"value": "Note 19 Interest-bearing liabilities (Amounts in NOK 1000)Interest bearing liabilities are measured at amortized cost. Non-current financial liabilities 2023 2022Bond loan 4,008,320 3,837,096 Long-term lease liability 31,421 34,381 Total non-current financial liabilities - continuing operations 4,039,741 3,871,478 Total non-current financial liabilities - held as available for sale 3,205 - Current liabilities 2023 2022Holdback - - Short-term lease liability 14,549 14,217 Debt to financial institutions/bond loan* 2,741 5,470 Total current liabilities - continuing operations 17,290 19,688 Total current liabilities - held as available for sale 2,752 - *Instalments falling due within a 12 month period, including non-capitalised interest, are classified as current.The book value of borrowings is estimated to approximate their fair value.Debt out-Amortized Amortized Interest Due date Facility / CurrencyMaturity Termstandingcost EURcost NOKp. a.InterestBond loan3.375 % Half 200,000 199,174 2,238,817 15 Dec 2025 5 year(tap issue 15.12.2020)p.a.yearlyBond loan3.375 % Half 170,000 167,422 1,881,908 15 Dec 2025 5 year(tap issue 23.06.2021)p.a.yearlyTotal 4,120,725 2023 2022Bond loan (tap issue 15.12.2020) 2,247,583 2,102,883 Bond loan (tap issue 23.06.2021) 1,908,130 1,786,041 Bond loan repurchase (06.12.2023) -112,405 - 1Transaction costs (tap issue 15.12.2020) -21,228 -21,228 1Transaction costs (tap issue 23.06.2021) -56,127 -56,127 Amortisation (tap issue 15.12.2020) 12,462 8,215 Amortisation (tap issue 23.06.2021) 29,906 17,313 Long-term borrowings 4,008,320 3, 837,096 2Accrued interest and fees 2,741 5,470 Carrying amount 4,011,061 3,842,567 1 The bond loan is initially measured at fair value net of transaction costs and it is subsequently measured at amortized cost using the effective interest rate method. Consequently, the transaction cost will be amortized over the life of the bond loan. The carrying value of the bond loan will be equal to the principal amount of EUR 370 million at maturity in FY2025.2 Accrued bond loan interest is classified as short-term borrowings in the statement of financial position. It is included above to provide a total picture for the carrying amount of the bond loan.Maturity analysis of borrowings (including interest)3 months Liabilities at 31 December 2023 < 3 monthsto 1 yea 1 - 2 years 2 - 5 years TotalBond loan (tap issue 15.12.2020) - 75,873 2,323,973 - 2,399,847 Bond loan (tap issue 23.06.2021) - 64,492 1,975,377 - 2,039,870 Lease liabilities - 14,549 10,474 20,948 45,970 Holdback - - - - - Total - 154,914 4,309,825 20,948 4,485,687 3 months Liabilities at 31 December 2022 < 3 monthsto 1 yea 1 - 2 years 2 - 5 years TotalBond loan (tap issue 15.12.2020) - 70,968 70,968 2,173,728 2,315,664 Bond loan (tap issue 23.06.2021) - 60,323 60,323 1,847,669 1,968,315 Lease liabilities - 14,217 11,460 22,921 48,599 Holdback - - - - - Total - 145,508 142,752 4,044,318 4,332,578 Covenants\u2018Under the bond terms, the Group is required to comply with the following financial covenants at the respective quarterly and annual test dates:Financial Reporting:- Publish interim accounts (quarterly reports) in the English language on the Group website (or other relevant platform) no later than 60 days after the end of the relevant interim period.- Publish annual financial statements in the English language on the Group website (or other relevant platform) no later than 120 days after the end of the fiscal year.A compliance certificate is to be provided with a copy of the financial reports; the compliance certificate is to be signed by the Chief Executive Officer or the Chief Financial Officer to certify that the financial reports are fairly representative of its financial condition as at the date of those financial statements.Accounting standards are to be consistently applied.Financial Indebtedness:Except as permitted, the Issuer shall not, and shall procure that no other Group Company will, incur any additional Financial Indebtedness or maintain or prolong any existing Financial Indebtedness.Negative Pledge:Excluding Permitted Security, the Issuer shall not, and shall procure that no other Group Company will, create or allow to subsist, retain, provide, prolong or renew any Security over any of its/their assets (whether present or future).Disposals of Business:The Issuer shall not, and shall ensure that no other Group Company will, sell, transfer or otherwise dispose of all or substantial part of its assets or operations unless the transaction is carried out at fair market value, on terms and conditions customary for such transaction and such transaction would not have a Material Adverse Effect.Distribution:Except as permitted, the Issuer shall not, and shall procure that no other Group Company will make any Distribution.Incurrence Test:The incurrence test is met if the Leverage Ratio is less than, for any additional Financial Indebtedness (3.50x) or for Distributions (1.50x).The Interest Coverage Ratio exceeds 3.0x.Compliance with the Incurrence Test is subject to in each cash, that no Event of Default is outstanding or would result from the relevant event for which compliance with the Incurrence Test is requiredCollateral and guaranteesOn 15 December 2020, LINK Mobility Group Holding ASA (LINK) successfully completed the issuance of EUR 200 million senior unsecured bonds, with a EUR 350 million borrowing limit. Part of the proceeds from the bond issue were used to repay the remaining outstanding senior facility agreement (SFA). On 23 June 2021, LINK issued EUR 170 million new bonds in LINK\u2019s outstanding 5-year senior unsecured 3.375% fixed rate bond issue, raising the total outstanding amount to EUR 370 million. The bonds were issued at par. The bonds have a 5-year tenor and a fixed coupon of 3.375% p.a.; any outstanding bonds are to be repaid in full at the maturity date.(Amounts in NOK 1 000) 2023 2022Bond principal 4,155,712 3,888,923 1Transaction costs -77,355 -77,355 Debts secured by collateral 4,078,357 3,811,568 1 The bond loan is initially measured at fair value net of transaction costs and it is subsequently measured at amortized cost using the effective interest rate method. Consequently, the transaction cost will be amortized over the life of the bond loan. The carrying value of the bond loan will be equal to the principal amount of EUR 370 million at maturity in FY2025.Movements in borrowingsSee table below for changes in liabilities arising from financing activities, both cash flows and no cash flow changes.Bond loan Holdback Other Total12/31/2021 3,636,753 82,296 - 3,719,049 New debt - - - - Cancellation of debts - -86,260 - -86,260 Effects of foreign exchange 191,144 3,964 - 195,109 Transaction costs - - - - Amortization 16,180 - - 16,180 Interest and fees paid -130,140 -1,944 - -132,084 Interest and fee expenses 128,630 1,944 - 130,574 12/31/2022 3,842,567 - - 3,842,567 Bond loan Holdback Other Total12/31/2022 3,842,567 - - 3,842,567 New debt - - - - Bond re-purchase* -117,960 -117,960Cancellation of debts - - - - Effects of foreign exchange 272,344 - - 272,344 Transaction costs - - - - Amortization 16,840 - - 16,840 Interest and fees paid -146,916 - - -146,916 Interest and fee expenses 144,186 - - 144,186 12/31/2023 4,011,061 - - 4,011,061 * Bond repurchase of EUR 10 million converted to NOK on 06 December 2023 at an exchange rate of 11,7960 (Norges Bank). After this date, the amount is currency adjusted at the end of each month.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__69": {
"value": "Note 20 Financial instruments, risk management objectives,and policiesThrough its operations the Group is exposed to the the following financial risks;\u2022 Interest rate risk\u2022 Foreign exchange risk\u2022 Credit risk\u2022 Liquidity riskInterest rate riskInterest rate risk arises as a consequence of long-term debt. In December 2020 the Company successfully completed the issuance of EUR 200 million senior unsecured bonds, with a EUR 350 million borrowing limit. On 23 June 2021, LINK issued EUR 170 million new bonds in LINK\u2019s outstanding 5-year senior unsecured 3.375% fixed rate bond issue, raising the total outstanding amount to EUR 370 million. The bonds were issued at par; refer to note 19 for further details.The sensitivity analysis below is based on the exposure to changes in interest rates for non-derivative instruments at the reporting date. For floating rate liabilities, the analysis is prepared assuming the amount outstanding at reporting date was outstanding for the whole year. A one percent increase or decrease represents management\u2019s assessment of reasonable and possible changes in interest rates.If interest rates had been one percent higher/lower and all other variables were held constant, the Group\u2019s profit (and corresponding equity) for the period ended 31 December 2023 would decrease/increase by KNOK 41 590 (FY2022 KNOK 38 901). This is mainly attributable to the Group\u2019s exposure to interest rates on its variable rate borrowings.Foreign exchange riskThe Group undertakes business in foreign currencies and is consequently exposed to fluctuations in exchange rates. Foreign exchange risk arises from transactions related to operations conducted, and assets and liabilities arising in foreign currencies. The Group undertakes transactions denominated in NOK, DKK, EUR, SEK, PLN, BGN, CHF, GBP, HUF, RON, MKD and USD. Revenue and cost transactions within foreign subsidiaries are normally carried out in the same currency, which mitigates the currency risk. However, as the Group\u2019s overall financial reporting is presented in NOK, changes in the value of DKK, EUR, SEK, PLN, BGN, CHF, GBP, HUF, RON, MKD or USD in relation to NOK affect the Group\u2019s overall revenue, profit or loss and financial position. Based on exposure throughout the year and balances at the period-end, the Group assesses that fluctuations in NOK/EUR, NOK/SEK and NOK/CHF have the most significant impact on the financial reporting of financial assets and liabilities. The table below summarises the impact a change in these currencies will have on the consolidated income statement and on retained earnings/accumulated losses as at 31 December 2023. The analysis is based on the assumption that the foreign exchange rates increase or decrease by 10%, all other variables held constant. 31 December 2023(amounts in NOK 1000) NOK/EUR impact NOK/CHF impact NOK/SEK impactTrade receivables 125,852 158,428 28,201 Borrowings and trade payables - 294,047--Credit Risk Credit risk is the risk of a counterparty defaulting. The Group\u2019s credit risk is limited to trade and other receivables and is mitigated by the Group\u2019s guidelines to ensure that credit sales are only made to customers with high credit rating. Customers with a low credit rating are required to prepay for services rendered by the Group.The Group\u2019s credit risk related to trade receivables is assessed to be limited due to the high number of diverse customers in the Group\u2019s customer base. Refer to note 15 for additional information related to trade and other receivables. The carrying value of trade and other receivables represent the Group\u2019s maximum exposure to credit risk at the balance sheet date. Liquidity risk Liquidity risk is the risk that the Group is unable to meet its financial obligations when they mature, resulting in default.The Group considers its liquidity risk to be limited, and has sufficient liquidity available on bank accounts as of year-end. Refer to notes 19 and 21 for information about maturity of trade and other payables and borrowings.The Group has no credit facilities. Subsidiaries receive all funding from the Group and are not permitted to raise external financing independently.The Group has financial debt covenants related to the senior unsecured bonds. Refer to note 18 for information about the bond convenants.Capital managementThe Group focuses on maintaining sufficient cash resources to ensure the ability to finance further activities.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__71": {
"value": "Foreign exchange risk",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__72": {
"value": "Credit risk",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__73": {
"value": "Liquidity riskInterest rate riskInterest rate risk arises as a consequence of long-term debt. In December 2020 the Company successfully completed the issuance of EUR 200 million senior unsecured bonds, with a EUR 350 million borrowing limit. On 23 June 2021, LINK issued EUR 170 million new bonds in LINK\u2019s outstanding 5-year senior unsecured 3.375% fixed rate bond issue, raising the total outstanding amount to EUR 370 million. The bonds were issued at par; refer to note 19 for further details.The sensitivity analysis below is based on the exposure to changes in interest rates for non-derivative instruments at the reporting date. For floating rate liabilities, the analysis is prepared assuming the amount outstanding at reporting date was outstanding for the whole year. A one percent increase or decrease represents management\u2019s assessment of reasonable and possible changes in interest rates.If interest rates had been one percent higher/lower and all other variables were held constant, the Group\u2019s profit (and corresponding equity) for the period ended 31 December 2023 would decrease/increase by KNOK 41 590 (FY2022 KNOK 38 901). This is mainly attributable to the Group\u2019s exposure to interest rates on its variable rate borrowings.Foreign exchange riskThe Group undertakes business in foreign currencies and is consequently exposed to fluctuations in exchange rates. Foreign exchange risk arises from transactions related to operations conducted, and assets and liabilities arising in foreign currencies. The Group undertakes transactions denominated in NOK, DKK, EUR, SEK, PLN, BGN, CHF, GBP, HUF, RON, MKD and USD. Revenue and cost transactions within foreign subsidiaries are normally carried out in the same currency, which mitigates the currency risk. However, as the Group\u2019s overall financial reporting is presented in NOK, changes in the value of DKK, EUR, SEK, PLN, BGN, CHF, GBP, HUF, RON, MKD or USD in relation to NOK affect the Group\u2019s overall revenue, profit or loss and financial position. Based on exposure throughout the year and balances at the period-end, the Group assesses that fluctuations in NOK/EUR, NOK/SEK and NOK/CHF have the most significant impact on the financial reporting of financial assets and liabilities. The table below summarises the impact a change in these currencies will have on the consolidated income statement and on retained earnings/accumulated losses as at 31 December 2023. The analysis is based on the assumption that the foreign exchange rates increase or decrease by 10%, all other variables held constant. 31 December 2023(amounts in NOK 1000) NOK/EUR impact NOK/CHF impact NOK/SEK impactTrade receivables 125,852 158,428 28,201 Borrowings and trade payables - 294,047--Credit Risk Credit risk is the risk of a counterparty defaulting. The Group\u2019s credit risk is limited to trade and other receivables and is mitigated by the Group\u2019s guidelines to ensure that credit sales are only made to customers with high credit rating. Customers with a low credit rating are required to prepay for services rendered by the Group.The Group\u2019s credit risk related to trade receivables is assessed to be limited due to the high number of diverse customers in the Group\u2019s customer base. Refer to note 15 for additional information related to trade and other receivables. The carrying value of trade and other receivables represent the Group\u2019s maximum exposure to credit risk at the balance sheet date. Liquidity risk Liquidity risk is the risk that the Group is unable to meet its financial obligations when they mature, resulting in default.The Group considers its liquidity risk to be limited, and has sufficient liquidity available on bank accounts as of year-end. Refer to notes 19 and 21 for information about maturity of trade and other payables and borrowings.The Group has no credit facilities. Subsidiaries receive all funding from the Group and are not permitted to raise external financing independently.The Group has financial debt covenants related to the senior unsecured bonds. Refer to note 18 for information about the bond convenants.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__70": {
"value": "Interest rate risk arises as a consequence of long-term debt. In December 2020 the Company successfully completed the issuance of EUR 200 million senior unsecured bonds, with a EUR 350 million borrowing limit. On 23 June 2021, LINK issued EUR 170 million new bonds in LINK\u2019s outstanding 5-year senior unsecured 3.375% fixed rate bond issue, raising the total outstanding amount to EUR 370 million. The bonds were issued at par; refer to note 19 for further details.The sensitivity analysis below is based on the exposure to changes in interest rates for non-derivative instruments at the reporting date. For floating rate liabilities, the analysis is prepared assuming the amount outstanding at reporting date was outstanding for the whole year. A one percent increase or decrease represents management\u2019s assessment of reasonable and possible changes in interest rates.If interest rates had been one percent higher/lower and all other variables were held constant, the Group\u2019s profit (and corresponding equity) for the period ended 31 December 2023 would decrease/increase by KNOK 41 590 (FY2022 KNOK 38 901). This is mainly attributable to the Group\u2019s exposure to interest rates on its variable rate borrowings.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__74": {
"value": "Capital managementThe Group focuses on maintaining sufficient cash resources to ensure the ability to finance further activities.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__75": {
"value": "Note 21 Trade and other payables (Amounts in NOK 1000)Trade and other payables 2023 2022Trade payables 845,406 698,333 Public duties 6,501 36,225 Accrued vacation pay 57,252 53,193 Prepaid revenue 53,502 115,925 Accrued bonus expense 51,956 33,303 Accrued direct cost of services rendered 186,547 198,200 Accrued other operating expenses 292,474 195,906 Total trade and other payables from continuing operations 1,493,639 1,331,086 Total trade and other payables held as available for sale 100,857 - Trade payables is comprised of amounts outstanding for trade purchases. Accrued expenses are inclusive of accrued cost of goods sold for which a final invoice has not been received.Trade and other payables are due within three months.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__76": {
"value": "Note 22 Income tax (Amounts in NOK 1000)Specification of income tax expenseThe tax benefit/(expense) is calculated based on profit before income tax and consists of current tax and deferred tax. 2023 2022 Deferred tax expense (income) -55,174 -12,526 Current tax expense 67,790 31,097 Income tax expense (income) from continuing operations 12,616 18,570 Income tax expense (income) from discontinued operations -25,391 -23,028 Income tax payable (balance sheet) 2023 2022 Income tax payable 38,014 2,578 Current tax liabilities (balance sheet) from continuing operations 38,014 2,578 Current tax liabilities (balance sheet) held as available for sale 69 - Effective Tax RateThe difference between income tax calculated at the applicable income tax rate and the income tax expense attributable to loss before income tax was as follows:2023 2022Profit/(loss) before income tax from continuing operations 50,972 -174,992 Statutory income tax rate* 22% 22%Expected income tax expense/(benefit) 11,214 -38,498 Tax effect on non-taxable income/expenses -14,677 -7, 276 Tax effect non deductible expenses 41,110 62,029 Effect of other tax rates in subsidiaries -671 15,546 Prior year adjustment -17,849 -8,230 Effect of changes in tax rules and rates - 1,470 Non deductible interest, interest cap rules 3,641 - Change in deferred tax asset not recognized -10,152 -6,470 Income tax expense/income (-) for the year from continuing operations 12,616 18,570 Effective tax rate from continuing operations 25% -11%* The statutory income tax rate based on the currently enacted tax rate in Norway.Specification of the tax effect of temporary differences and losses carried forwardDeferred tax assetsManagement judgment is required in determining provisions for income taxes, deferred tax assets and liabilities and the extent to which deferred tax assets can be recognized. The Group is also subject to income taxes in various jurisdictions. Judgment is required in determining the Group\u2019s provision for income taxes. There may be transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the income tax and deferred tax liability and expense in the period in which such determination is made.Tax losses and interest cap for which no deferred tax asset has been recognized2023 2022Unused tax loss carry forward - - Interest cap 350,935 361,459 Potential tax benefit unused tax losses, 22% - - Potential tax benefit interest cap, 22 % 77,206 79,521 Interest cap is related to LINK Mobility Group Holding ASA and to LINK Mobility Group AS. The benefit from the interest cap carried forward is uncertain and the amount can be carried forward for 10 years.Unrecognized temporary differences2023 2021Temporary differences for which deferred tax liabilities have not - - been recognizedUnrecognized tax liabilities relating to the above temporary - - differences, 22 %Tax effect of temporary differences and tax losses carried forward as of 31 DecemberDeferred tax assets: 2023 2022Tangible and intangible assets 8,720 12,096 Interest - - Other non-current items 20,709 7,787 Total tax effect of temporary differences 29,428 19,884 Deferred tax asset arising from tax losses carried forward 113,505 113,262 Deferred tax assets 142,934 133,145 Deferred tax liabilities: 2023 2022Intangible assets (mainly due to PPA business combinations) 256,309 498,624 Other 18,122 34,440 Deferred tax liabilities from continuing operations 274,431 533,064 Deferred tax liabilities from discontinued operations 189,943 -",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__77": {
"value": "Deferred tax assetsManagement judgment is required in determining provisions for income taxes, deferred tax assets and liabilities and the extent to which deferred tax assets can be recognized. The Group is also subject to income taxes in various jurisdictions. Judgment is required in determining the Group\u2019s provision for income taxes. There may be transactions and calculations for which the ultimate tax determination is uncertain during the ordinary course of business. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the income tax and deferred tax liability and expense in the period in which such determination is made.Tax losses and interest cap for which no deferred tax asset has been recognized2023 2022Unused tax loss carry forward - - Interest cap 350,935 361,459 Potential tax benefit unused tax losses, 22% - - Potential tax benefit interest cap, 22 % 77,206 79,521 Interest cap is related to LINK Mobility Group Holding ASA and to LINK Mobility Group AS. The benefit from the interest cap carried forward is uncertain and the amount can be carried forward for 10 years.Unrecognized temporary differences2023 2021Temporary differences for which deferred tax liabilities have not - - been recognizedUnrecognized tax liabilities relating to the above temporary - - differences, 22 %Tax effect of temporary differences and tax losses carried forward as of 31 DecemberDeferred tax assets: 2023 2022Tangible and intangible assets 8,720 12,096 Interest - - Other non-current items 20,709 7,787 Total tax effect of temporary differences 29,428 19,884 Deferred tax asset arising from tax losses carried forward 113,505 113,262 Deferred tax assets 142,934 133,145 Deferred tax liabilities: 2023 2022Intangible assets (mainly due to PPA business combinations) 256,309 498,624 Other 18,122 34,440 Deferred tax liabilities from continuing operations 274,431 533,064 Deferred tax liabilities from discontinued operations 189,943 -",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__78": {
"value": "Note 23 Contingencies and legal claims As at 31 December 2023 and as at the date of signing of this annual report, certain Group subsidiaries are involved in ongoing legal proceedings as either defendant or as plaintiff. Due to the uncertain outcome for all of these ongoing proceedings, there are no provisions (contingent or otherwise) accounted for in the financial statements or disclosed elsewhere in the notes to the financial statements. Claims for which Group entities are defendants are deemed to be low risk as the majority are covered by guarantees as a result of acquisitions (M&A). A list of ongoing legal proceedings is provided as follows:Entity Counterparty Claim PositionNetsize S.A. Public Authority \u20ac 300,000 DefendantLINK Mobility Italia Srl Customer \u20ac 262,000 DefendantLINK Mobility Italia Srl Customer \u20ac 210,000 DefendantTeracomm RO SRL Customer \u20ac 460,000 DefendantLINK Mobility Spain S.L.U. Supplier \u20ac 275,000 DefendantLINK Mobility Spain S.L.U. Supplier \u20ac 378,000 DefendantLINK Mobility Poland Sp. z.o.o. Customer \u20ac 1,700 DefendantLINK Mobility Bulgaria EAD Customer \u20ac 5,545 PlaintiffLINK Mobility Bulgaria EAD Customer \u20ac 4,745 PlaintiffLINK Mobility GmbH Supplier \u20ac 1,000,000 Plaintiff",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
"s9_notes__6__79": {
"value": "Due to the uncertain outcome for all of these ongoing proceedings, there are no provisions (contingent or otherwise) accounted for in the financial statements or disclosed elsewhere in the notes to the financial statements.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
}
},
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"value": "-186902000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
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"f104497": {
"value": "-2952000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2022-01-01T00:00:00/2023-01-01T00:00:00",
"unit": "iso4217:NOK"
}
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"f104498": {
"value": "206324000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:2549006RH08XJGKC2Y14",
"period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
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"f104499": {
"value": "37204000",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:2549006RH08XJGKC2Y14",
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