{ "documentInfo": { "documentType": "https://xbrl.org/2021/xbrl-json", "features": { "xbrl:canonicalValues": true }, "namespaces": { "NEX": "http://nextbiometrics.com/2024-12-31", "ifrs-full": "https://xbrl.ifrs.org/taxonomy/2022-03-24/ifrs-full", "iso4217": "http://www.xbrl.org/2003/iso4217", "scheme": "http://standards.iso.org/iso/17442", "xbrl": "https://xbrl.org/2021", "xbrli": "http://www.xbrl.org/2003/instance" }, "taxonomy": [ "http://nextbiometrics.com/2024-12-31/5967007LIEEXZXK9R405-2024-12-31.xsd" ] }, "facts": { "f1__s2__3__5": { "value": "71574000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__5": { "value": "34383000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Revenue", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__6": { "value": "32416000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RawMaterialsAndConsumablesUsed", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__6": { "value": "27004000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RawMaterialsAndConsumablesUsed", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__7": { "value": "39158000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__7": { "value": "7379000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:GrossProfit", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__8": { "value": "32791000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:EmployeeBenefitsExpense", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__8": { "value": "42370000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:EmployeeBenefitsExpense", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__9": { "value": "47041000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherExpenseByNature", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__9": { "value": "23218000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherExpenseByNature", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__10": { "value": "5394000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DepreciationAndAmortisationExpense", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__10": { "value": "7068000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:DepreciationAndAmortisationExpense", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__11": { "value": "0.0", "dimensions": { "concept": "ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__11": { "value": "1139000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__12": { "value": "85227000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OperatingExpense", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__12": { "value": "73795000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OperatingExpense", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__13": { "value": "-46068000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__13": { "value": "-66416000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossFromOperatingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__14": { "value": "1482000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__14": { "value": "1054000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinanceIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__15": { "value": "119000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__15": { "value": "62000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinanceCosts", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__16": { "value": "-332000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__16": { "value": "-74000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__17": { "value": "1030000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinanceIncomeCost", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__17": { "value": "918000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:FinanceIncomeCost", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__18": { "value": "-45038000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__18": { "value": "-65498000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__19": { "value": "197000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__19": { "value": "234000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxExpenseContinuingOperations", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__20": { "value": "-45235000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__20": { "value": "-65732000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__21": { "value": "-0.42", "decimals": 2, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK/xbrli:shares" } }, "f1__s2__3__21_1": { "value": "-0.42", "decimals": 2, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK/xbrli:shares" } }, "f1__s2__4__21": { "value": "-0.69", "decimals": 2, "dimensions": { "concept": "ifrs-full:BasicEarningsLossPerShare", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK/xbrli:shares" } }, "f1__s2__4__21_1": { "value": "-0.69", "decimals": 2, "dimensions": { "concept": "ifrs-full:DilutedEarningsLossPerShare", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK/xbrli:shares" } }, "f1__s2__3__24": { "value": "6369000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__24": { "value": "1170000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__25": { "value": "6369000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__25": { "value": "1170000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__26": { "value": "-38866000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__26": { "value": "-64562000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__29": { "value": "-45235000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__29": { "value": "-65732000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__3__32": { "value": "-38866000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s2__4__32": { "value": "-64562000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__5": { "value": "825000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__5": { "value": "1530000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__6": { "value": "7094000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__6": { "value": "6738000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PropertyPlantAndEquipment", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__7": { "value": "7919000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__7": { "value": "8268000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentAssets", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__10": { "value": "17672000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__10": { "value": "23126000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Inventories", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__11": { "value": "56754000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentTradeReceivables", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__11": { "value": "12303000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentTradeReceivables", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__12": { "value": "7138000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherCurrentAssets", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__12": { "value": "7451000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherCurrentAssets", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__13": { "value": "62907000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Cash", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__13": { "value": "67753000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Cash", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__14": { "value": "144471000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__14": { "value": "110632000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentAssets", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__17": { "value": "152390000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__17": { "value": "118900000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Assets", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__20": { "value": "115155000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__20": { "value": "104025000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssuedCapital", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__21": { "value": "70268000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__21": { "value": "30858000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:SharePremium", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__22": { "value": "35208000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherReserves", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__22": { "value": "31965000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherReserves", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__23": { "value": "-101775000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__23": { "value": "-72498000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:RetainedEarnings", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__24": { "value": "118857000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__24": { "value": "94351000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__27": { "value": "2244000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__27": { "value": "194000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentLeaseLiabilities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__28": { "value": "2244000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__28": { "value": "194000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:NoncurrentLiabilities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__31": { "value": "10910000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__31": { "value": "5984000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__32": { "value": "92000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__32": { "value": "33000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentTaxLiabilitiesCurrent", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__33": { "value": "1843000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__33": { "value": "1745000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLeaseLiabilities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__34": { "value": "18444000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherCurrentLiabilities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__34": { "value": "16594000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherCurrentLiabilities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__35": { "value": "31289000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__35": { "value": "24355000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CurrentLiabilities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__3__38": { "value": "152390000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:EquityAndLiabilities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s3__4__38": { "value": "118900000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:EquityAndLiabilities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__5": { "value": "-45038000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__5": { "value": "-65498000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLossBeforeTax", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__6": { "value": "3243000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__6": { "value": "5896000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForSharebasedPayments", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__7": { "value": "-1637000.0", "decimals": -3, "dimensions": { "concept": "NEX:AdjustmentsForPayablesOnSocialSecurityAndTaxesRelatedToShareBasedPayments", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__7": { "value": "4611000.0", "decimals": -3, "dimensions": { "concept": "NEX:AdjustmentsForPayablesOnSocialSecurityAndTaxesRelatedToShareBasedPayments", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__8": { "value": "0.0", "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__8": { "value": "26000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__9": { "value": "5394000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__9": { "value": "7068000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpense", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__10": { "value": "0.0", "dimensions": { "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__10": { "value": "1139000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__11": { "value": "5817000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__11": { "value": "3852000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__12": { "value": "-44452000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__12": { "value": "-6042000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAccountReceivable", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__13": { "value": "4926000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__13": { "value": "-1792000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAccountPayable", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__14": { "value": "8807000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__14": { "value": "-6590000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherInflowsOutflowsOfCashClassifiedAsOperatingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__15": { "value": "1400000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__15": { "value": "1054000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__16": { "value": "141000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__16": { "value": "303000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__17": { "value": "-61681000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__17": { "value": "-56630000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__20": { "value": "597000.0", "decimals": -3, "dimensions": { "concept": "NEX:PurchaseOfPropertyPlantAndEquipmentAndPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__20": { "value": "13000.0", "decimals": -3, "dimensions": { "concept": "NEX:PurchaseOfPropertyPlantAndEquipmentAndPurchaseOfIntangibleAssetsClassifiedAsInvestingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__21": { "value": "-597000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__21": { "value": "-13000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__24": { "value": "60129000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProceedsFromIssuingShares", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__24": { "value": "57016000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProceedsFromIssuingShares", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__25": { "value": "2017000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__25": { "value": "2078000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__26": { "value": "58111000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__26": { "value": "54938000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__29": { "value": "-4167000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__29": { "value": "-1705000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__30": { "value": "67753000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Cash", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__30": { "value": "69302000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Cash", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__31": { "value": "-679000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__31": { "value": "155000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__32": { "value": "62907000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Cash", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__32": { "value": "67753000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Cash", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__3__33": { "value": "62907000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Cash", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s4__4__33": { "value": "67753000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Cash", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__3__5": { "value": "104025000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:NOK" } }, "f1__s5__4__5": { "value": "30858000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:NOK" } }, "f1__s5__5__5": { "value": "31965000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:NOK" } }, "f1__s5__6__5": { "value": "-72498000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:NOK" } }, "f1__s5__7__5": { "value": "94351000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__6__6": { "value": "-45235000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:NOK" } }, "f1__s5__7__6": { "value": "-45235000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__6__7": { "value": "6369000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:NOK" } }, "f1__s5__7__7": { "value": "6369000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__3__8": { "value": "0.0", "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:NOK" } }, "f1__s5__4__8": { "value": "0.0", "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:NOK" } }, "f1__s5__5__8": { "value": "0.0", "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:NOK" } }, "f1__s5__6__8": { "value": "-38866000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:NOK" } }, "f1__s5__7__8": { "value": "-38866000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__3__9": { "value": "11130000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:NOK" } }, "f1__s5__4__9": { "value": "51313000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:NOK" } }, "f1__s5__7__9": { "value": "62442000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__4__10": { "value": "2314000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ShareIssueRelatedCost", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:NOK" } }, "f1__s5__7__10": { "value": "2314000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ShareIssueRelatedCost", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__5__11": { "value": "3243000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:NOK" } }, "f1__s5__7__11": { "value": "3243000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__4__12": { "value": "-9589000.0", "decimals": -3, "dimensions": { "concept": "NEX:IncreaseDecreaseThroughTransfersToFromSharePremium", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:NOK" } }, "f1__s5__6__12": { "value": "9589000.0", "decimals": -3, "dimensions": { "concept": "NEX:IncreaseDecreaseThroughTransfersToFromSharePremium", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:NOK" } }, "f1__s5__7__12": { "value": "0.0", "dimensions": { "concept": "NEX:IncreaseDecreaseThroughTransfersToFromSharePremium", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__3__13": { "value": "115155000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:NOK" } }, "f1__s5__4__13": { "value": "70268000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:NOK" } }, "f1__s5__5__13": { "value": "35208000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:NOK" } }, "f1__s5__6__13": { "value": "-101775000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:NOK" } }, "f1__s5__7__13": { "value": "118857000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2025-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__3__19": { "value": "91981000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:NOK" } }, "f1__s5__4__19": { "value": "4049000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:NOK" } }, "f1__s5__5__19": { "value": "26069000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:NOK" } }, "f1__s5__6__19": { "value": "-26099000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:NOK" } }, "f1__s5__7__19": { "value": "96000000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__6__20": { "value": "-65732000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:NOK" } }, "f1__s5__7__20": { "value": "-65732000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ProfitLoss", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__6__21": { "value": "1170000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:NOK" } }, "f1__s5__7__21": { "value": "1170000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:OtherComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__3__22": { "value": "0.0", "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:NOK" } }, "f1__s5__4__22": { "value": "0.0", "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:NOK" } }, "f1__s5__5__22": { "value": "0.0", "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:NOK" } }, "f1__s5__6__22": { "value": "-64562000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:NOK" } }, "f1__s5__7__22": { "value": "-64562000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ComprehensiveIncome", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__3__23": { "value": "12044000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:NOK" } }, "f1__s5__4__23": { "value": "48106000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:NOK" } }, "f1__s5__7__23": { "value": "60150000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IssueOfEquity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__4__24": { "value": "3134000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ShareIssueRelatedCost", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:NOK" } }, "f1__s5__7__24": { "value": "3134000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:ShareIssueRelatedCost", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__5__25": { "value": "5896000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:NOK" } }, "f1__s5__7__25": { "value": "5896000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__4__26": { "value": "-18163000.0", "decimals": -3, "dimensions": { "concept": "NEX:IncreaseDecreaseThroughTransfersToFromSharePremium", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:NOK" } }, "f1__s5__6__26": { "value": "18163000.0", "decimals": -3, "dimensions": { "concept": "NEX:IncreaseDecreaseThroughTransfersToFromSharePremium", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:NOK" } }, "f1__s5__7__26": { "value": "0.0", "dimensions": { "concept": "NEX:IncreaseDecreaseThroughTransfersToFromSharePremium", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2023-01-01T00:00:00/2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s5__3__27": { "value": "104025000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember", "unit": "iso4217:NOK" } }, "f1__s5__4__27": { "value": "30858000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember", "unit": "iso4217:NOK" } }, "f1__s5__5__27": { "value": "31965000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:OtherReservesMember", "unit": "iso4217:NOK" } }, "f1__s5__6__27": { "value": "-72498000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember", "unit": "iso4217:NOK" } }, "f1__s5__7__27": { "value": "94351000.0", "decimals": -3, "dimensions": { "concept": "ifrs-full:Equity", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00", "unit": "iso4217:NOK" } }, "f1__s7__6__5": { "value": "Notes to financial statement - GroupNOTE 1 | GENERAL INFORMATIONNEXT Biometrics Group ASA (\u201cParent company\u201d) is a public limited liability company, incorporated and domiciled in Norway, with headquarter in Stortorvet 7, 0155 Oslo, Norway. The Parent company and its subsidiaries (\u201cNEXT\u201d or \u201cthe Group\u201d) provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in thesmart card, government ID, access control and notebook markets.The Group has five operating subsidiaries. The following four are owned 100%: NEXT Biometrics AS (Norway) and its subsidiaries NEXT Biometrics Inc. (Seattle, USA), NEXT Biometrics Taiwan Ltd. (Taipei, Taiwan) and NEXT Biometrics Solutions India Pvt. Ltd. (Bengaluru, India). NEXT Biometrics China Ltd. (Shanghai, China) is a company that is controlled by the Group and that NEXT Biometrics AS owns 50% of the share capital as per 31/12/2024 following a transaction where the Group sold 50% of the shares in NEXT Biometrics China Ltd. (NEXT China) in 2024 for zero cost. The Group has an obligation to repurchase 50% as a part of an agreement with an external party. Hence, the Group controls the subsidiary and will acquire the remaining shares in the entity at zero cost. Consequently, the subsidiary is fully consolidated, and no minority interest is recorded in the balance sheet of the Group. Please see note 16 for further details regarding this arrangement. All of the five Group subsidiaries are consolidated into the Group financial accounts.NEXT ASA\u2019s shares are listed on the Oslo Stock Exchange.The purpose of the company as stated in the articlesof association is to conduct research, development and commercialization of security products, as well as other activities that will naturally fall under thisThe financial statements have been approved for issuance by the Board of Directors on 10 April 2025 and is subject to approval by the Annual General Meeting on 9 May 2025.Changes in accounting policiesThe accounting policies applied in preparation of the financial statements for the year ended 31 December 2024 are consistent with those applied in the preparation of the prior year financial statements.New and amended standards and interpretations adopted by the Group as of 1 January 2024.The new amendments to IAS 1 concerning new disclosure requirements relating to liabilities with covenants and convertible debt is not applicable for the group.There are no new amendments applicable for the annual reporting period commencing 1 January 2024 that have been adopted by Next Biometrics Group.New and amended standards and interpretations not yet adopted.IFRS 18 Presentation and Disclosure in Financial Statements is effective for periods beginning on or after 1 January 2027.IFRS 18 will replace IAS 1 Presentation of Financial Statements, and introduce new requirements to help achieve comparability across companies. Although IFRS 18 will not affect the recognition or measurement of items in the financial statements, changes are expected to be made to the Group\u2019s presentation of the Consolidated statement of comprehensive income.Management is currently assessing the detailed implications of applying the new standard to the Group\u2019s consolidated financial statements.NOTE 2 | SUMMARY OF MATERIAL ACCOUNTING POLICIESBasis of preparationThese financial statements have been prepared in accordance with IFRS\u00ae Accounting Standards as adopted by the EU per 31 December 2024. Going concernThe Board of Directors confirms that the financial statements have been prepared under the assumption of going concern. Currency These financial statements are presented in Norwegian kroner, which is also the Parent company\u2019s functional currency. Except for Next Biometrics AS, which is based in Norway and that uses USD as its functional currency, each entity within the Group utilizes the local currency of its domicile and operational base as its functional currency.Property, plant and equipment Property, plant and equipment are held at cost less accumulated depreciation and impairment losses. When assets are sold or disposed, the gross carrying amount and accumulated depreciations are reversed. Any gain or loss on the sale or disposal is recognized in the profit and loss. InventoryRaw materials, work in progress and finished products are valued at the lower of cost and net realizable value after deduction for obsolescence. Costs are determined using the FIFO and average cost method. Cash flowThe cash flow statement has been drawn up in accordance with the indirect method and reports cash flows during the period classified by operating, investing and financing activities. Significant estimates and judgementsPreparation of financial statements in accordance with IFRS requires that the management makes judgements and prepares estimates and assumptions which have an impact on the recognized amounts for assets, liabilities, revenue and costs. Estimates and related assumptions have been based on the management\u2019s best knowledge of past and recent events, experience and other factors which are considered reasonable under the circumstances. Actual results may deviate from such assumptions. Estimates and underlying assumptions are subject to continuous evaluation.Critical accounting estimates for the Group are:Share-based remuneration:The cost of options granted to employees and employee option social security costs are classified as employee costs while cost of options granted to consultants/contractors are classified as other operating costs. Please see note 18 for further details.Research and development expenses/ Intangible assets: Research costs are expensed as incurred. An intangible asset arising from the development expenditure on an individual project is recognized only when the Group can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, the Group\u2019s intention and capability of completing the development and realize the assets, and the net future financial benefits of use or sale.Expected credit loss on account receivables:The Group recognizes loss allowances for expected credit loss on account receivables, which are measured at amortized cost. The Group applies a provision matrix to calculate expected credit loss (ECL). The provision matrix is based on historical losses and forward-looking information and is updated at each reporting date. In addition, the trade receivables are grouped in customer segments that have a similar credit risk profile. During 2024 the amount of significant overdue receivables has increased. The Group has a limited operating history with several of its major customers, which makes it more challenging to establish expected credit loss estimates for these receivables. This fact, together with the significant amount of trade receivables overdue at year-end 2024, makes estimated ECL a critical estimate. NOTE 3 | Revenues and segment reporting Accounting principleThe Group manufactures and sell fingerprint sensor technology hardware and software, both to distributors and end-customers. The sales contract and terms of delivery depends on the customer, but most products are shipped ex-works. In accordance with IFRS 15, revenue is recognized when control of the product is transferred to the customer. Typically when the customer picks up the products as per contract, the Group has delivered and transferred the products, there is no unfulfilled obligation that could affect the customer\u2019s acceptence of the products. The goods are predominately sold based on fixed prices. No significant element of financing is deemed present as the sales are normally made with a credit term of 30-90 days upon delivery, which is consistent with market practice.(amounts in NOK 1,000) 2024 2023Fingerprint sensor technology 71,252 33,717Other revenues 322 666Total operating revenues 71,574 34,383The Group targets four customer groups and application areas for the technology:(i) Office & Notebooks\ue61e(ii) Payment & Fintech\ue61e(iii) Access control (iv) Public Security\ue61eThe same generic fingerprint sensor technology and products is used for all customers. Most of the Group\u2019s key IP, including our NEXT Active Thermal\u2122 is shared and used in all products. The employees in the Group work across all products and customers. The R&D personnel are focused on technology, rather than specific customer groups such as Office & Notebooks or Public Security. Based on this, the Group consider that we only operate within one business segment, and therefore also report only within one business segment, \u201cFingerprint sensor technology\u201d.The Group\u2019s property, plant and equipment (PPE) mainly consist of a specialized coating machine that is located in Taipei, Taiwan. The remaining part of the Group\u2019s PPE consists of R&D test equipment located in Seattle, USA and Taipei, Taiwan. The Group\u2019s revenues, both in 2024 and in 2023, were mainly related to customers geographically located in Asia (Japan, Singapore, China, Taiwan and India). The Group has 4 major customers, which represent 25% (0%), 20% (17%), 12% (63%) and 11% (0%) of revenues in 2024 (2023 in brackets).All of the group\u2019s revenue is point in time type of revenue.Other revenue of NOK 0.3 million mainly relates to sale of electronic components and other fees.NOTE 4 Payroll expenses(amounts in NOK 1,000) 2024 2023Salaries, fees -26,169 -26,507Share based remuneration (salary part) -2,776 -5,729Share based remuneration (employer's tax) 1,637 -4,611Social security taxes -3,600 -3,515Pension contribution -652 -804Other personnel expenses -1,231 -1,204Total payroll expenses -32,791 -42,370Average numbers of employees 23 24The cost for share based remuneration (employer's tax) was negative NOK 1.6 million in 2024 compared to a cost of NOK 4.6 million in 2023. The negative cost in 2024 is due to reduction in the liability for share option social security tax mainly triggered by a reduction in the Group's stock price price and lowered social security cost for future periods from 19.1% to 14.1%. Please refer to note 18 for further information on the Group's option program. The Group employed an average number of employees of 23. In addition, the company has 15 contractors who are working for the company on a part time or full time basis.The parent company, NEXT Biometrics Group ASA, provides a contribution-based pension insurance scheme for all employees. The scheme satisfies the mandatory service pension (\u2018OTP\u2019) in Norway. NEXT Biometrics Inc has a 401-K plan for its employees, which allows employees to save for retirement with pre-tax funds. The company currently does not contribute to this plan but pays for its administration. NEXT Biometrics Taiwan Ltd offers an employee pension plan with an annual contribution of 6% of the salary, but capped at TWD 9,000 per month per employee (NOK 3,100 per month). NEXT Biometrics China Ltd and NEXT Biometrics Solutions Pvt Ltd have no local pension plans.Termination benefits\ue61eTermination benefits are payable when the employment is terminated by the Group before the normal retirement date or when an employee accepts voluntary redundancy in exchange for these benefits. The Group recognizes termination benefits when the Group can no longer withdraw the offer.NOTE 5 Other operating expenses(amounts in NOK 1,000) 2024 2023Product and marketing costs -6,795 -5,225Sales and marketing incentive fees -3,631 -Business services costs -18,084 -9,841R&D costs -4,173 -2,600R&D and government grants1 1,848 1,754Fees to contractors, auditors, lawyers and others\ue61d -5,382 -4,331Allowance for expected credit loss -7,315 -462Other expenses3 -3,057 -2,345Share based remuneration (operating part)\ue61c -452 -167Total other operating expenses -47,041 -23,218The Group\u2019s business service costs increased from NOK 9.8 million in 2023 to NOK 18.1 million in 2024 largely due to transfer of personnel from hired employees to contractors, increased number of contractors in the areas of sales, product and marketing as well as due to higher sales incentive bonuses and travel activity.1 R&D grants and other government grants are related to Skattefunn grants in 2023/2024.2 Fees to contractors, auditors, lawyers refers to amounts paid the company\u2019s contractors and service providers who are working for the company on a part time or full time basis.3 Other expenses include software expenses, IT cost, insurance fees, non deductable VAT and stock exchange related fees. \ue61c Share based remuneration (operating part) refers to share options granted to contractors (see note 18 for further information).NOTE 6 Research and development costCost related to research and development is only recognized on projects we are confident will amount to either a new product or a substantially improved existing product. In general, research costs are expensed when incurred. Research expenditures is only capitalized when research and development cost can be measured reliably and confidently. Internal and external research and development performed in 2024 do not meet the Group\u2019s capitalization criteria. The reported research and development (R&D) costsincludes external project costs for work and material purchased from various companies and institutions. The payroll cost of R&D staff is included in payroll, and any capitalization reported as a credit on a separate line. The major parts of the R&D costs are related to development and substantial improvementof the sensor technology as well as production trials and pilot production of new sensor modules.Expensed R&D costs for the Group amounted to NOK 10.7 million in 2024 (2023: NOK 9.0 million), of which NOK 6.5 million (2023: NOK 6.4 million) is presented in payroll expenses and NOK 4.2 million (2023: NOK 2.6 million) in other operating expenses.Government grantsGovernment grants are recognized when there is reasonable assurance that the grant will be received, and all attaching conditions will be complied with. When the grant relates to an expense item, it is recognized as a reduction in expense. When the grant can be viewed as payment for a deliverable or performance of service, it is recognized as other revenue.The subsidiary NEXT Biometrics AS\u2019 estimated R&D public grant in connection with SkatteFUNN (Norwegian Government tax deduction for research and development in the innovative business sector) for 2024 is NOK 1.8 million (2023: NOK 1.5 million). The total amount is presented as part of \u201cOther current assets\u201d in the balance sheet and has correspondingly led to a reduction in other operating expenses. The grant is subject to final approval by the tax authorities.NOTE 7 Financial items(amounts in NOK 1,000) 2024 2023Interest income 1,400 1,054Interest income on sub-leases (see note 17) 81 -Total financial income 1,482 1,054Interest expenses -2 -157Interest expenses leases (see note 18) -139 -146Other financial expenses 22 241Total financial expenses -119 -62Realized currency gains (losses) -273 -62Change in unrealized currency gains (losses) -59 -12Net currency gains (losses) -332 -74Net financial items 1,030 918NOTE 8 Income taxesThe tax expense consists of the tax payable and changes in deferred tax. Deferred tax has been calculated based on the temporary differences between the recorded and tax values, as well as on any tax loss carry-forward at the balance sheet closing date. Any temporary differences increasing or reducing tax that will or may reverse in the same period, have been netted.A deferred tax asset will be recognized when it is probable that the Group will have sufficient profit for tax purposes to utilize the tax asset. At each balance sheet date, the Group reviews its unrecognized deferred tax assets and the value it has recognized. The Group recognizes an unrecognized deferred taxasset to the extent that is has become probable that the Group can utilize the deferred tax asset. Similarly,the Group will reduce its deferred tax asset to the extent that it can no longer utilize it.Deferred tax and deferred tax assets are measured on the basis of the expected future tax rates. Deferred tax assets related to losses carried forward is recognized when it is probable that the loss carriedforward may be utilized. Evaluation of probability is based on historical earnings, expected future margins and the size of the order backlog. Future events may lead to these estimates being changed. Such changes will be recognized when reliable new estimates can be made.The subsidiary NEXT Biometrics AS has applied for R&D public grant funds in connection with SkatteFUNN (Norwegian Government tax deduction for research and development in the innovative business sector) in 2023 and 2024. The amount for 2024 is NOK 1.8 million. Please see note 6 and 14 for further details. (amounts in NOK 1,000) 2024 2023Current taxes (enties located in Norway) - - Current taxes (International subsidiaries*) 197 196Change in deferred taxes (International subsidiaries*) - 38Total income tax expenses 197 234* Subsidiaries in Taiwan, USA, India and ChinaIncome tax expense reconciliation:(amounts in NOK 1,000) 2024 2023Profit (loss) before taxes -45,038 -65,498Expected income tax expenses at Norwegian nominal tax rate (22%) -9,908 -14,410Difference between local tax rates and Norwegian nominal tax rate -336 -72Effect of change in local tax rates - - Tax effect of permanent differences -189 -29Change in deferred tax assets not recognized 10,513 14,417Prior year underaccrual/(overaccrual) of income tax -5 -5,132 Other 123 5,460Actual income tax expenses 197 234Effective tax rate 0% 0%Deferred tax related to the following temporary differences:(amounts in NOK 1,000) 2024 2023Property, plant and equipment -1,801 -2,971Inventories -16,938 -17,200Accounts receivables and other assets -10,133 -2,932Lease liabilities -875 -430Other temporary differences -1,865 -7,193Tax losses carried forward -1,368,912 -1,320,961Total temporay differences and tax losses carried forward -1,400,524 -1,351,686Deferred tax assets (amounts in NOK 1,000) 2024 2023Property, plant and equipment 396 654Inventories 3,726 3,784Accounts receivables and other assets 2,229 645Lease liabilities 192 95Other temporary differences 410 1,614Tax losses carried forward 301,161 290,611Deferred tax assets not recognized -308,115 -297,403Deferred tax assets(-)/liability(+) in the balance sheet - - As of 31 December 2024, NOK 1 369 million (2023: NOK 1 321 million) of tax losses carried forward are related to the Norwegian companies with no limitiations in expiry date.Due to a history of losses, deferred tax assets are not recognized.The following table illustrates the deferred tax balance recognized in the statement of financial position:(amounts in NOK 1,000) 2024 2023Deferred tax assets - -Deferred tax liabilities - - Net deferred taxes as of 31 December - -NOTE 9 Earnings per shareThe calculations of earnings per share attributable to the equity holders of the parent company are based on the following data:(amounts in NOK 1,000) 2024 2023Profit (loss) after taxes (NOK 1,000) -45,235 -65,732Number of shares outstanding as of 1 January 104,024,929 91,980,763New shares issued during the year (see note 19) 5,500,000 12,000,000Excercised incentive options during the year (see note 19) 5,629,606 44,166Number of shares outstanding as of 31 December 115,154,535 104,024,929Weighted average number of shares for the year * 107,219,921 95,151,133Effect of dilution option programmes - -Weighted average number of shares adjusted for effect of dilution 107,219,921 95,151,133Earnings per share, basic and diluted (NOK) -0.42 -0.69NOTE 10 Intangible assetsIntangible assets mainly consist of the patent and know-how (IP) described as the NEXT Active Thermal\u2122 Sensing principle, internally generated ASIC designs and source code license.(amounts in NOK 1,000) 2024 2023Accumulated cost as of 1 January 30,494 29,779Additions 54 -Disposals at cost - -Translation differences 2,707 715Accumulated cost as of 31 December 33,255 30,494 Accumulated amortization and impairment losses as of 1 January -28,963 -27,200Amortization -762 -1,100Accumulated amortization and impairment losses of disposed items - -Translation differences -2,705 -662Accumulated amortization and impairment losses as of 31 December -32,430 -28,963Carrying amount as of 31 December 825 1,530Amortization period in years (straight line) 3-12 3-12As of 31 December 2024, in carrying amount, there is no internally generated assets, the net book value of intangible assets of NOK 0.8 million (2023: NOK 1.5 million) are separately acquired assets. There are no impairments related to intangible assets in 2024 and 2023.The patent and know-how (IP) is amortized over 12 years (equal to the patent life from initial recognition).NOTE 11 Property, plant and equipment2024 2023Rental Rental agreement agreement (amounts in NOK 1,000) Equipmentassets Total Equipmentassets TotalAccumulated cost as of 1 January 35,765 5,317 41,082 36,097 5,421 41,518Additions 597 4,276 4,873 13 1,066 1,079Disposals at cost -5 -4,755 -4,760 -1,448 -1,270 -2,718Translation differences 2,260 553 2,813 1,103 100 1,203Accumulated cost as of 31 December 38,616 5,392 44,008 35,765 5,317 41,082 Accumulated depreciation and impairment losses as of 1 January -30,871 -3,473 -34,344 -26,629 -2,542 -29,171Depreciation -2,524 -2,108 -4,632 -3,896 -2,076 -5,972Impairment losses - - - -1,139 - -1,139Derecognition of RoU asset due to office lease amendment - -224 -224 - - - Accumulated depreciation and impairment losses of disposed items -5 4,755 4,750 1,448 1,186 2,634Translation differences -2,128 -336 -2,464 -655 -41 -696Accumulated depreciation and impairment -35,528 -1,386 -36,914 -30,871 -3,473 -34,344losses as of 31 DecemberCarrying amount as of 31 December 3,088 4,006 7,094 4,894 1,844 6,738Depreciation period in years (straight line) 3-10 2-4 3-10 2-4As of 31 December 2024, carrying amount of equipment consists of machinery of NOK 3.1 million (2023: NOK 4.8 million) and office equipment of NOK 0 million (2023: NOK 0.1 million). Rental agreement assets represent office leases and amounted to NOK 4.0 million as per 31 December 2024 (2023: NOK 1.8 million). The accumulated cost of equipment primarily relates to the coating machine purchased in 2017 that is located in Taiwan, amounting to NOK 21.2 million. This includes the addition of additional investments NOK 0.6 million in 2024. The remainder of the accumulated equipment cost mainly represents a cutting machine, that has a gross book value of NOK 7.3 million and zero net book value. Please note that these assets have been subject to currency adjustments. There are no impairments related to equipment in 2024 while the Group booked an impairment of NOK 1.1 million in 2023.Additions in 2024 for rental agreement assets were mainly related to new office leases in Norway and USA. See also note 17 for further information regarding leases. NOTE 12 Inventories(amounts in NOK 1,000) 2024 2023Raw material, consumables and supplies 9,382 17,143 Work in progress 2,790 2,367 Finished products 5,500 3,615 Total inventories 17,672 23,126 Cost of materials is defined as cost of materials and production service expenses.Cost of materials includes net write-downs of inventories. In 2024, write-downs on inventories was NOK 0.36 million while the write-down of inventories was NOK 4.04 million in 2023.NOTE 13 Accounts receivables(amounts in NOK 1,000) 2024 2023Accounts receivables-gross 67,424 15,269 Accounts receivables-loss allowance -10,669 -2,966Total accounts receivables as of 31 December 56,754 12,303 (amounts in NOK 1,000) 2024 2023Not due 10,673 11,531 30-90 days overdue 23,729 - 90-120 days overdue - - 120-180 days overdue 15,520 690 180+ days overdue 6,832 81 Total accounts receivables as of 31 December 56,754 12,303 The total credit loss allowance provision was NOK 10.7 million as per year end 2024 (2023: NOK 3 million), representing 15.8% (2023: 19.4%) of the total gross value of accounts reveivables. Of the provision of NOK 10.7 million, NOK 3.3 million is related to a disputed claim relating to a product shipment from 2020.During 2024 the amount of significant overdue receivables has increased. For the account receivables outstanding as per 31 December 2024, the Group is expecting collect approximately 50% of the net account receivables in the first half of the year and the remaining portion in the second half of 2025. The Group has few, but large customers. The provision is based on individual assessment of each customer after thorough evaluations and discussions with each respective customer. ACCOUNTS RECEIVABLES AND OTHER FINANCIAL ASSETS Initial recognition and measurement Account receivables are initially recognized when they are originated. An account receivable without a significant financing component is initially measured at the transaction price.Accounts receivable loss allowance The Group recognizes loss allowances on account receivables measured at amortized cost. None of the account receivables contain a significant financing component and the time value of money will not need to be considered as it is insignificant. The Group has few, but large customers. The Group considers reasonable and supportable information that is relevant and available when estimating loss allowance. This includes both quantitative and qualitative information and analysis of each customer and their domicile. The provision is based on individual assessment of each customer after thorough evaluations and discussions with each respective customer, as well as past experience. The Group has a limited operating history with several of its major customers, which makes it more challenging to establish expected credit loss estimates for these receivables. This fact, together with the significant amount of trade receivables overdue at year-end 2024, makes estimated ECL a critical estimate. Account receivables write-off The gross carrying amount of a account receivables is written off when the Group has no reasonable expectations of recovering it in its entirety or a portion thereof. NOTE 14 Other current assets(amounts in NOK 1,000) 2024 2023Prepayments 3,073 2,564 Government grants (see note 6) 1,776 1,527 Deposits 376 320 Income taxes and other taxes receivables 758 359 Other receivables 1,155 2,680 Total other current assets as of 31 December 7,138 7,451 NOTE 15 CashCash include cash in hand, deposits held at call with banks and bank deposits related to employee withholding tax (restricted funds).(amounts in NOK 1,000) 2024 2023Cash-unrestricted 62,615 67,332 Cash-employee withholding tax deposits 293 422 Total cash 62,907 67,75 3 NOTE 16 Other current liabilities(amounts in NOK 1,000) 2024 2023Accrued salary, vacation pay and board remuneration 3,405 1,863 Public duties payable 1,244 1,504 Share options social security tax 1,880 6,225 Other current liabilities 11,915 7,001 Total other current liabilities 18,444 16,594 Total other current liabilities was NOK 18.4 million as per 31 December 2024 compared to NOK 16.6 million as per 31 December 2023. The liability for share option social security tax was reduced in 2024 due to payment of options social security tax during the year (as a result of options exercised in 2024) and a reduction of the company\u2019s stock price during 2024. Other current liabilities was NOK 11.9 million as per 31 December 2024, of which NOK 5.3 million mainly relates to uninvoiced goods and services that has been received by the group while NOK 3.6 million relates to accrued sales and marketing incentive fees.The Group has entered into a contract with an external party targeting to reach certain sales targets in China. Upon reaching certain milestones, performance fees are due to the external partner. The sales and marketing fees liability estimate is based on an assessment of progress of the achivement of milestones as per 31 December 2024 and when such milestones are expected to be fulfilled. The accrued liability for marketing incentive fees is NOK 3.6 million as per 31 December 2024. The Group may elect to settle the liability in cash or in NEXT Biometrics Group ASA shares at its own discretion. In 2024 the Group sold 50% of shares the subsidiary in China (NEXT China) at zero cost to the external party. A certain part of shares in NEXT China is transferred back to NEXT Biometrics AS at zero cost when each individual milestone is fulfilled and settled as a part of the arrangement with the external party. Hence, the Group will control 100% of shares inNEXT China when all milestones have been fulfilled. Alternatively, all remaining shares in the subsidiary will be transferred to the Group once the agreement has expired and some or none of the milestones have been fulfilled. The agreement with the external party also covers governance and operations during the joint ownership period whereby the Group will control the operations of NEXT China even when the Group has a 50% shareholding. In 2020, NEXT provided biometric products to a former client. The client failed to meet the agreed-upon payments, leading NEXT to decide to pursue these payments through the courts, citing a breach of contract. The arbitration court proceedings are ongoing. The book value of the NEXT receivable relating to this claim is zero as per 31 December 2024. In 2024, the former client countersued NEXT for breach of contract and is seeking damages from NEXT. NEXT\u2019s management, in consultation withits legal advisors, considers this countersuit to be without merit and with an extremely low likelihood of succeeding. As such, in accordance with IAS 37, no provision has been recognized for this potential liability in the financial statements as of 31 December 2024.For financial liabilities at amortised cost, the carrying amount is assessed to be a reasonable approximation of fair value. All items above are at amortised cost or nominal value.ProvisionsProvisions are recognized when, and only when, the Group has a valid liability (legal or constructive) as a result of events that have taken place and it is more probable than not that a financial settlement will take place as a result of the event(s), and the size of the amount can be measured reliably. Provisions are reviewed on each balance sheet date and their level reflects the best estimate of the liability. When the effect of time is insignificant, the provisions will be equal to the size of the expense necessary to be free of the liability. When the effect of time is significant, the provisions will amount to the present value of future payments to cover the liability. Any increase in the provisions due to time is recorded as other financial expenses.Contingent liabilities and assetsContingent liabilities are possible obligations resulting from past events which existence depends on future events; obligations that are not recognized because it is not probable that they will lead to an outflow of resources; and obligations that cannot be measured with sufficient reliability. Contingent liabilities are not recognized in the annual financial statements but will be disclosed in the notes if applicable. A contingent asset is not recognized in the annual financial statements but is disclosed in the notes if there is a degree of probability that a benefit will accrue to the Group.NOTE 17 LeasesThe table below shows the amounts related to leases recognized in the statement of financial position:(amounts in NOK 1,000) 2024 2023Property-office leases (included in \"Property, plant and equipment\") 4,006 1,844Total right-of-use assets 4,006 1,844Non-current lease liabilities 2,244 194Current lease liabilities 1,843 1,745Total lease liabilities 4,087 1,940See note 11 for more information regarding right-of-use assets. As per 31 December 2024, the Group has office lease agreements in Norway, China, USA and Taiwan. The individual lease terms for the Group\u2019s office leases are generally 2-3 years including extension periods at inception of the lease period. The group\u2019s office leases in Norway and USA were renewed in 2024. The subsidiary in China entered into a new one-year office lease in 2024. In accordance with IFRS 16 regulations, the lease in China is not recognized as a right-of-use asset. Instead, it is directly recorded as an operating expense.The table below shows the amounts related to leases recognized in the statement of comprehensive income:(amounts in NOK 1,000) 2024 2023Depreciation property right-of-use assets (included in \"Depreciation and amortization\") -2,108 -2,076Interest income (included in \"Financial income\") 81 -Interest expenses (included in \"Financial expenses\") -139 -146Net expenses related to leases -2,166 -2,222The table below shows a reconciliation of the opening and closing balance for lease liabilities arising from financing activities:(amounts in NOK 1,000) 2024 2023Opening balance 1,940 2,966Changes from financing cash flows -2,017 -2,078Changes in lease liabilities due to new/amended lease agreements or CPI adjustments 4,002 986Other changes 22 -46Translation differences 140 113Closing balance as of 31 December 4,087 1,940 The total cash outflow for leases in 2024 was NOK 2.0 million (2023: NOK 2.1 million). The table below shows the maturity profile for the lease liabilities based on contractual undisocunted payments:(amounts in NOK 1,000) 2024 2023Within one year 1,843 1,745More than 1 year but within 5 years 2,447 194After 5 years - -Total contractual cash flows related to leases 4,290 1,940 Leasing\ue61eagreementsCurrently, the Group\u2019s only leases are office leases. The intial fixed lease period for the office leases are generally 1-4 years at inception of the individual leases. Currently, no office lease extension options have been recognized. The Group recognizes the office lease liability and a corresponding office right-of-use asset at the commencement date of thelease. Lease liabilities are measured at the present value of the remaining lease payments not paid at the commencement date. The lease payments are discounted using the lessee\u2019s interest rate implicit in the lease, or incremental borrowing rate when the interest rate implicit in the lease cannot be readily determined. Lease payments consists of the following elements: fixed payments, variable lease payment that are based on an index or a rate, amounts expected to be payable by the lessee under residual value guarantees, the exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and payments of penalties for terminating the lease if the lease term reflects the lessee exercising that option. A corresponding asset representing the right to use the underlying asset during the lease term (right-of-use asset) is recognized, adjusted for prepayments done before commencement date, and initial direct costs and restoration costs if any. The right-of-use-asset is depreciated over the lease term and the depreciation expense is recognized as an operating expense. Interest expense on the lease liability is recognized as a financial expense.Lease contracts entered with a duration of less than 12 months and leases with a low value will not be recognized in the statement of financial position but recognized as an operating expense over the lease period. Lease liabilities will be remeasured upon the occurrence of certain events (e.g., a change in the lease term, a change in future lease payments resulting from a change in an index or rate used to determine those payments), which generally will be recognized as an adjustment to the right-of-use asset.NOTE 18 Share capital, shareholder\u2019s information and share-based optionsThere is one class of shares. All shares have equal rights and are freely negotiable. The share capital is fully paid in. The par value of the shares is NOK 1 per share.There were 115,154,535 shares in the company on 31 December 2024, compared to 104,024,929 shares on 31 December 2023. At the end of 2024 there were 3,391 shareholder accounts compared to 4,079 at the end of 2023.Number of shares outstanding 2024 2023Opening balance 104,024,929 91,980,763Share issue(s) 5,500,000 12,000,000Exercised incentive share options 5,629,606 44,166Closing balance 115,154,535 104,024,929In October 2024, NEXT successfully completed a private placement issuing 5,500,000 new shares at a subscription price of NOK 7.3 per share, corresponding to gross proceeds of NOK 40.2 million. Direct expenses and underwriting commission in relation to the private placement was NOK 2.1 million and net proceeds were NOK 38.1 million. Moreover, in February, May and August 2024, 909,606 share options were exercised at an average subscription price of NOK 3.7 per share with total gross proceeds of NOK 3.4 million and net proceeds of NOK 3.3 million. Further, in September 2024, 4,720,000 share options were exercised at an average subscription price of NOK 3.99 per share with total gross proceeds of NOK 18.9 million and gross proceeds of NOK 18.8 million. Total net proceeds for the year 2024 amounted to NOK 60.1 million.In September 2023, NEXT successfully completed a private placement issuing 12,000,000 new shares at a subscription price of NOK 5.0 per share, corresponding to gross proceeds of NOK 60.0 million. Direct expenses and underwriting commission in relation to the private placement was NOK 3.1 million and net proceeds were NOK 56.9 million. Moreover, in May and September 2023, 44,166 share options were exercised at an average subscription price of NOK 3.4 per share with total gross proceeds of NOK 0.15 million. Total net proceeds for the year 2023 amounted to NOK 57.0 million.There are no authorizations to the board to purchaseown shares.Capital resourcesNEXT manages its liquidity passively, which means that funds are placed in floating-interest bank accounts. The majority of cash is held in Norwegian kroner at parent company level and is distributed when appropriate to the affiliates. This is both to have control of the overall liquidity situation and to manage expense levels in the affiliates. NEXT has no interest bearing debt by the end of 2024.NEXT targets to have an equity ratio above 80%, measured as total equity divided by total assets.Equity ratio 2024 2023Total equity 118,857 94,351Total assets 152,390 118,900Equity share 78% 79%Capital resources 2024 2023Current liabilities 31,289 24,355Non-current liabilities 2,244 194Less cash -62,907 -67,753Net debt (net cash) -29,374 -43,204Total equity 118,857 94,351Total capital resources 89,482 51,147Gearing ratio (%) \u201333% -84%The largest shareholders at year end and shares owned by executive and Directors of the Board:Top 20 shareholders at 31 December 2024 Number of shares Percent of sharesSkandinaviska Enskilda Banken AB 7,413,614 6.4 %Torstein Tvenge 6,500,000 6.2 %SILVERCOIN INDUSTRIES AS 6,384,062 5.6 %HAAS AS 5,953,000 5.5 %NORUS AS 5,918,286 3.8 %VERDIPAPIRFONDET DELPHI NORGE 5,499,912 3.7 %EDGEWATER AS 5,385,645 3.2 %SONGA CAPITAL AS 5,150,486 3.1 %The Bank of New York Mellon SA/NV 3,857,313 3.0 %UBS Switzerland AG 3,649,081 2.8 %CAMACA AS 3,479,871 2.4 %NORUS HOLDING DATTER AS 3,074,349 2.3 %AS AUDLEY 2,627,027 1.8 %VALSET INVEST AS 2,555,113 1.7 %LUCELLUM AS 2,520,000 1.6 %MARSTAL AS 1,786,158 1.6 %CAMIKO AS 1,617,200 1.5 %ECOMNEX HOLDING AS 1,494,461 1.5 %SIX-SEVEN AS 1,438,644 1.4 %AVEO INVEST AS 1,430,000 1.2 %Total top 20 77,734,222 60.3 %Others 37,420,313 39.7%Total number of shares 115,154,535 100.0%Shares owned by Executives and Directors Number of Percent of of the Boardsharesshares Held throughSenior ExecutivesUlf Ritsvall, CEO 17,000 0.01%Eirik Underthun, CFO 119,000 0.10%Marcus Lauren, CPO 20,000 0.02%Digvijay Singh Kanwar, SVP Head of Sales IUEA - 0.00%Joshua Chui, SVP Head of Sales South-East Asia - 0.00%Peter Heuman, former CEO 1,000,000 0.87%Board of DirectorsOdd-Harald Hauge, Chair 548,907 0.48% Odd-Harald HaugePetter Fjellstad 1,032,779 0.90% Fjellstad Holding ASSiri Gomn\u00e6s B\u00f8rsum - 0.00%Emine Lundkvist 79,738 0.07%Nomination CommitteeJon Frode Vaksvik 35,000 0.03% Jon Frode Vaksvik & Skavak Invest AS1Haakon S\u00e6ter8,370,794 7.27% Silvercoin Industries AS, Fredrikstad Spillerinvest AS, Six-Seven AS & Haakon S\u00e6terHans Herman Horn 11,387,683 9.89% NORUS AS, Norus Holding Datter AS, Edgewater AS & Hans Herman HornTotal 22,610,901 19.64%\ue61b In addition to the shares held directly through Silvercoin Industries AS and Six-Seven AS, Silvercoin Industries AS held futures In addition to the shares held directly through Silvercoin Industries AS and Six-Seven AS, Silvercoin Industries AS held futures contracts on 2,000,000 NEXT shares as per 31 December 2024. As of 31 December 2024, the Company has one share option program:Long-term share options programNEXT has allotted long-term share options to employees. The options in the 2019, 2020, 2021 and 2022 program are fully vested as per 31. December 2024. The options allocated to employees in the 2023 program vest 1/3 in quarter three 2024, 1/3 in quarter three 2025 and 1/3 in quarter one 2026. The options allocated to employees in the 2024 programvest 1/3 in quarter three 2025, 1/3 in quarter three 2026 and 1/3 in quarter one 2027. The options in the 2020 and 2021 program were extended during 2023 and these options expire in 2026. The options in the 2022 program expire in 2025. The options in the 2023 program expire 5 years after the options have been granted (2028) while the options in the 2024 program expire in 2029. All options allocated toboard members are fully vested.There are currently an accumulated 10,020,579 (8.7%of total number of shares in the Company) share options outstanding. Out of these, 6,479,028 share options have vested.Each option gives the holder the right to acquire oneshare from the Company at a strike price defined in the individual share option agreement.The option agreements include a clause on accelerated vesting in case of a majority of shares in the Company are (i) sold to an acquirer, (ii) the Company is merged with another company, (iii) a demerger occurs, and (iv) if the company\u2019s shares are delisted.At the Annual General Meeting (AGM) 16 May 2024 the Board of Directors was granted authorization to issue up to 11,980,658 shares in the company in relation to options granted to employees and board members.2024 2023Number of Weighted average Number of Weighted average Options-movement optionsexercise priceoptionsexercise priceOutstanding options-Beginning period 14,048,519 4.86 11,932,228 4.86 Granted 2,225,000 7.86 2,500,000 5.99 Exercised -5,629,606 3.96 -44,166 3.39 Forfeited or expired -623,334 9.74 -339,543 15.45 Outstanding options-End period 10,020,579 5.65 14,048,519 4.86 Vested options-End period 6,479,028 4.83 10,710,182 4.66 2024 2023Number of Weighted average Number of Weighted average optionsfair valueoptionsfair valueGranted options - During period 2,225,000 2.00 2,500,000 1.93 Of which adjustment prior periods expense because of Net expense change in estimated number of Remaining expense Number of options in the period options that will vest future periods expected to vest 2024(NOK 1,000)(NOK 1,000)(NOK 1,000)(number of options)2019 grants - - - 103,418 2020 grants - - - 1,598,500 2021 grants - - - 1,803,664 2022 grants 714 - - 2,314,997 2023 grants 1,399 - 1,215 1,975,000 2024 grants 1,130 - 3,317 2,225,000 Total 3,243 - 4,532 10,020,579 Number of options Total number of Range of Weighted average remaining expected to vest options outstanding 2024exercise pricecontractual life (years)(number of options)(number of options)2019 grants 6,52-9,85 0.38 103,418 103,418 2020 grants 2,49-3,21 1.47 1,598,500 1,598,500 2021 grants 5,97-7,45 1.47 1,803,664 1,803,664 2022 grants 4,48-4,89 0.42 2,314,997 2,314,997 2023 grants 5,94-6,46 3.46 1,883,083 1,975,000 2024 grants 7,86-7,86 4.46 1,971,335 2,225,000 Total - - 9,674,997 10,020,579 The fair value for the share-based options granted in the year has been calculated by use of the Black-Scholes and the following assumptions have been applied in 2024 and 2023: Exercise price:2024: Weighted average NOK 7.86 per share2023: Weighted average NOK 5.99 per shareVesting period:2024 employee options: 1/3 have 1 years, 1/3 have 2 years and 1/3 have 2.5 years2023 employee options: 1/3 have 1 years, 1/3 have 2 years and 1/3 have 2.5 yearsVolatility:2023: 41%-42% depending on time to maturity of individual options.2023: 41%-68% depending on time to maturity of individual options.Risk free interest rate:2024: 3.58%-4.10% depending on time to maturity of individual options.2023: 3.68%-4.21% depending on time to maturity of individual options.Attrition:2024: Estimated 8% employee attrition for individual non-vested share-based options.2023: Estimated 8% employee attrition for individual non-vested share-based options.No expected dividend payment NOTE 19 Remuneration key personnel and audit feesACTUAL REMUNERATION \ue61d SENIOR EXECUTIVESBoard Fair value Total 2024 (amounts in NOK 1,000)remuneration Salary Bonus Other benefits Pension costgranted options *remunerationSenior ExecutivesUlf Ritsvall, CEO - 2,960 1,509 65 - 1,939 6,472 Eirik Underthun, CFO - 2,010 - 5 181 291 2,487 Marcus Lauren, CPO - 2,253 - - - 111 2,364 Digvijay Singh Kanwar, SVP Head of Sales IUEA - 991 904 - - 206 2,100 Joshua Chui, SVP Head of Sales South-East Asia - 1,880 1,347 - - 136 3,363 1Peter Heuman, former CEO- 87 - - 5 -148 -56 Board of DirectorsOdd Harald Hauge, Chair 200 - - - - - 200 Petter Fjeldstad 500 - - - - - 500 Emine Lundkvist 200 - - - - - 200 Siri Gomn\u00e6s B\u00f8rsum 200 - - - - - 200 Nomination CommitteeJon Frode Vaksvik, Chair 30 - - - - - 30 Haakon S\u00e6ter 20 - - - - - 20 Hans-Herman Horn 20 - - - - - 20 Total remuneration 1,170 10,181 3,760 70 186 2,535 17,900* Fair value of granted options is equal to expensed share option remuneration for the year, which is based on fair value at grant date and vesting period (see note 2 for further information).Board remuneration reported above is based on paid-out amounts.\ue61b Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 to 16 May 2024 Peter Heuman was advisor to the CEO and board of directors.ACTUAL REMUNERATION\ue61dSENIOR EXECUTIVESBoard Fair value Total 2023 (amounts in NOK 1,000)remuneration Salary Bonus Other benefits Pension costgranted options *remunerationSenior Executives2Ulf Ritsvall, CEO- 2,130 100 19 - 1,650 3,900Eirik Underthun, CFO - 1,878 100 4 172 862 3,0163Marcus Lauren, CPO- 418 - - - 11 429Digvijay Singh Kanwar, SVP Head 4of Sales IUEA- 684 82 - - 127 893Joshua Chui, SVP Head of Sales 5South-East Asia- 313 - - - 11 3256Peter Heuman, former CEO- 3,186 - 3 131 1,783 5,103Board of DirectorsPetter Fjeldstad, Chair 500 - - - - - 500Odd Harald Haug 200 - - - - - 200Emine Lundkvist 200 - - - - - 200Siri Gomn\u00e6s B\u00f8rsum 200 - - - - 73 273Nomination CommitteeJon Frode Vaksvik, Chair 30 - - - - - 30Haakon S\u00e6ter 20 - - - - - 20Hans-Herman Horn 20 - - - - - 20Total remuneration 1,170 8,610 282 27 303 4,518 14,909\ue61d Ulf Ritsvall was promoted to NEXT Biometrics Group CEO effective from 1 October 2023. Ulf Ritsvall previously was NEXT SVP Sales and Marketing.\ue61a Marcus Lauren was hired as Chief Product Officer effective from 1 November 2023. \ue61c Digvijay Singh Kanwar was promoted to SVP Head of Sales IUEA effective from 1 November 2023.\ue619 Joshua Chui was hired as VP Head of Sales South-East Asia effective from 1 November 2023.\ue618 Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 Peter Heuman was advisor to the CEO and board of directors.CEO remunerationUlf Ritsvall (CEO) has a salary of NOK 2.6 million per year. In addition, he is part of the Company\u2019s option plan and the bonus program, which provides annual bonuses based upon the achievement of performance objectives established by the company. Further, the CEO is entitled to a pension benefit of 15% of annual base salary. Ulf Ritsvall was awarded and paid a bonus in 2023, while no bonus was paid out during 2024. During 2023 and 2024, the company also paid pension benefits as salary, which is reported under salary in the tables above.Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 to 16 May 2024 Peter Heuman was engaged as an advisor to the CEO and board of directors. When engaged as CEO during 2023, Peter Heuman had a base salary of NOK 3.0 million per year and 15% of annual salary in pension benefits. In addition, he participated in the Company\u2019s option plan and the bonus program, which provides annual bonuses based upon the achievement of performance objectives established by the company. Peter Heuman was awarded a bonus in 2023 and the company also paid pension benefits as salary for the amount in excess of the company\u2019s standard pension contribution for 2023, which is reported under salary in the tables above.SeveranceUlf Ritsvall (CEO) has a severance agreement whereby he will receive 100% pay for 6 months for termination by the Company without cause.Loans and guarantees for senior executivesThe Company has not made any advance payments or issued loans to, or guarantees in favor of, any senior executives or members of the board as per 31 December 2024. Share based remunerationShare-based payments are equity-settled share options granted to employees, contractors and members of the board of directors. The options are charged against the income statements at their fair value over the vesting period, with a corresponding increase in equity. The fair value of share-based options is determined using the Black-Scholes option-pricing model. The social security contribution payable in connection with the exercise of the share options is accrued on a straight-line basis as current liabilities, based on the intrinsic value of the share options at the end of each accounting period with consequent charges to the payroll expenses. Share-based remuneration and option social security costs related to employees and members of the board are charged as payroll expenses, while costs related to contractors are charged as other operating expenses.Salary, pension and any bonuses will attract employer\u2019s tax, which will be expensed simultaneously with the remuneration. The notional cost of options as share-based remuneration is expensed, but the equity effect is nil because the contra item is a notional equity injection of equal amount. In addition, employer\u2019s tax is accrued on the intrinsic value of the option on the balance sheet date.For the shareholders, a possible exercise of share options will represent a dilution. At the end of 2024, the number of outstanding options to senior executives amounted to 8,085,000 corresponding to 7.0% of the share capital. At the end of 2023, the number of outstanding options to senior executives amounted to 11,205,000 corresponding to 10.8% of the share capital. For further details regarding share-based remuneration, see note 18.OPTIONS \ue61d SHARE BASED REMUNERATIONAccumulated Expired/ Average Accumulated Average quantity Granted adjusted Exercised exercise quantity exercise 2024options OBoptions optionsoptionsprice-Aoptions CB price-BSenior ExecutivesUlf Ritsvall, CEO 2,725,000 1,400,000 - - - 4,125,000 6.30Eirik Underthun, CFO 1,750,000 50,000 - -350,000 2.49 1,450,000 5.54Marcus Lauren, CPO 75,000 150,000 - - - 225,000 7.39Digvijay Singh Kanwar, SVP Head of Sales IUEA 200,000 150,000 - - - 350,000 6.35Joshua Chui, SVP Head of Sales South-East Asia 75,000 200,000 - - - 275,000 7.48Peter Heuman, former CEO 5,020,000 - -300,000 -4,720,000 3.99 - -Board of DirectorsOdd Harald Hauge, Chair 200,000 - - - - 200,000 2.49Petter Fjeldstad 1,030,000 - - - - 1,030,000 2.66Emine Lundkvist 230,000 - - - - 230,000 3.27Siri Gomn\u00e6s B\u00f8rsum 200,000 - - - - 200,000 4.89Total 11,505,000 1,950,000 -300,000 -5,070,000 8,085,000Accumulated Expired/ Average Accumulated Average quantity Granted adjusted Exercised exercise quantity exercise 2023options OBoptions optionsoptionsprice-Aoptions CB price-BSenior ExecutivesUlf Ritsvall, CEO 1,900,000 825,000 - - - 2,725,000 5.53Eirik Underthun, CFO 1,500,000 250,000 - - - 1,750,000 4.86Marcus Lauren, CPO - 75,000 - - - 75,000 6.46Digvijay Singh Kanwar, SVP Head of Sales IUEA 100,000 100,000 - - - 200,000 5.21Joshua Chui, SVP Head of Sales South-East Asia - 75,000 - - - 75,000 6.46Peter Heuman, former CEO 4,720,000 300,000 - - - 5,020,000 4.11Board of DirectorsPetter Fjeldstad, Chair 1,030,000 - - - - 1,030,000 2.66Odd Harald Hauge 200,000 - - - - 200,000 2.49Emine Lundkvist 230,000 - - - - 230,000 3.27Siri Gomn\u00e6s B\u00f8rsum 200,000 - - - - 200,000 4.89Total 9,880,000 1,625,000 - - 11,505,000A Average exercise price for options exercised during the financial year (amounts in NOK)B Average exercise price for quantity of options by the end of the financial year (amounts in NOK)Audit fees(amounts in NOK 1,000) 2024 2023Audit fee 780 532 Attestation 238 145 Tax services - -Non-audit services 6 74 Total audit fees 1,024 751 NOTE 20 Financial risk managementThe Group is subject to various financial risks, which are systematically monitored and managed to mitigate potential adverse impacts. Our risk management ensures that these risks are identified, assessed, and controlled effectively, thereby safeguarding the Group\u2019s financial stability and performance.Credit riskCredit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Group. The Group assesses each customer on an individual basis to estimate lifetime expected credit losses. The credit loss estimates are set by management based on internal and external information. This includes qualitative information and analysis, based on the Group\u2019s historical experience and including forward-looking information. These estimates are subject to risks and uncertainties that could cause actual results to differ from current expectations. For example, economic and market conditions in the geographic areas and industries that the Group is operating can change. Moreover, the Group is facing risks related to new customers in existing and new markets, market acceptance of new products and services and changes in governmental regulations that impact the ability of the Group's end customers to sell their products, which may affect the Group's ability to collect its account receivables. Further, the Group has a limited operating history with several of its major customers in the new markets, which makes the Group exposed to additional credit risk. See note 13 - Accounts receivables for more information regarding account receivables. .Liquidity riskThe Group strives to maintain sufficient cash to continue it\u2019s operations and meet obligations.The Group manages liquidity risk by maintaining adequate cash reserves by continuosly monitoring actual and forecasted cash flow by matching the maturity profiles of financial assets and liabilities. The Groups obligations mainly consists of supplier liabilities and other current liabilities. See note 16 - Liabilities for more information. The Group has no long term liabilities or overdraft facilities with financial institutions as of 31 December 2024.Foreign currency riskThe primary functional currency of the Groups main operating subsidiary NEXT Biometrics AS is USD. The Group\u2019s revenues outside China are incurred in USD. The Group recognized 64% of its revenues in USD and 36% in Chinese Yuan (CNY) in 2024 (100% and 0% respectively in 2023). The CNY/USD rate has been quite stable in recent years. Still, the Group is exposed to fluctuations of the CNY, which will impact the value of account receivables that are issued in CNY. The Group\u2019s cost of materials purchases are incurred in USD. Moreover, the Group incurs employee and operating expenses that is denominated in USD, Norwegian Kroner (NOK), Taiwan Dollar (TWD) and CNY. The NOK/USD exchange rate has shown some volatility in recent years while the TWD and CNY are relatively closely correlated to the USD. The Group has not implemented a hedging policy to manage currency risks as it believes the costs are larger than the benefits.NOTE 21 Climate riskThe Group does not own or operate manufacturing facilities. Manufacturing is done through third parties. Climate impact and potential risk is low in the short to medium term. The Group is not directly impacted by physical climate risk such as potential flooding or general increase in the sea level. Moreover, the Group does not face any potential liabilities due to damage caused by climate change. Still, the Group is likely to be impacted by the regulatory and technological changes that are to be implemented (in the future) to reach a carbon neutral society, which may lead to long term increased electronic component purchase and manufacturing costs. Note 22 Related partiesThe Group\u2019s significant shareholders, board members and management are considered related parties. Transactions between related parties are always aimed at being carried at arm\u2019s length principle. Board members have received remuneration according to the general meetings decisions. In addition, board members have been granted options. Salary and board remuneration to related parties have been disclosed in note 19.Note 23 Events occurring after the balance sheet dateBetween 31 December 2024 and the resolution of these financial statements, there has not been any event which have had any noticeable impact on the Group\u2019s or the parent company\u2019s result for 2024 or the value of the Group or the parent company\u2019s assets and liabilities as of 31 December 2024.We refer to note 13. In the period from 1 January 2025 up to 1 April 2025 the Group has received NOK 4.7 million in payments on account receivables that were outstanding as per 31 December 2024.Note 24 Changes in reporting items in consolidated statement of comprehensive incomeThere are minor changes to the consolidated statement of comprehensive income compared to previous years. Operating revenues and other revenues have been combined into one financial statement reporting line item named \u201cRevenues\u201d. Similarly, Cost of goods sold and Inventory write (amounts in NOK 1,000) 2023Operating revenue 33,717Other revenue 666Revenues 34,383downs have been combined into one financial statement reporting line item named \u201cCost of materials\u201d. These changes were implemented in order made to be more in line with our peers and general accounting practice.(amounts in NOK 1,000) 2023Cost of goods sold -22,962Inventory write downs -4,042Cost of materials -27,004", "dimensions": { "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__14": { "value": "NEXT Biometrics Group ASA", "dimensions": { "concept": "ifrs-full:NameOfUltimateParentOfGroup", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__13": { "value": "NEXT Biometrics Group ASA", "dimensions": { "concept": "ifrs-full:NameOfParentEntity", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__6": { "value": "NEXT Biometrics Group ASA", "dimensions": { "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__9": { "value": "public limited liability company", "dimensions": { "concept": "ifrs-full:LegalFormOfEntity", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__10": { "value": "Norway", "dimensions": { "concept": "ifrs-full:CountryOfIncorporation", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__7": { "value": "Norway", "dimensions": { "concept": "ifrs-full:DomicileOfEntity", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__11": { "value": "Stortorvet 7, 0155 Oslo", "dimensions": { "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__8": { "value": "The Parent company and its subsidiaries (\u201cNEXT\u201d or \u201cthe Group\u201d) provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in thesmart card, government ID, access control and notebook markets.", "dimensions": { "concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__20": { "value": "The Group has five operating subsidiaries. The following four are owned 100%: NEXT Biometrics AS (Norway) and its subsidiaries NEXT Biometrics Inc. (Seattle, USA), NEXT Biometrics Taiwan Ltd. (Taipei, Taiwan) and NEXT Biometrics Solutions India Pvt. Ltd. (Bengaluru, India). NEXT Biometrics China Ltd. (Shanghai, China) is a company that is controlled by the Group and that NEXT Biometrics AS owns 50% of the share capital as per 31/12/2024 following a transaction where the Group sold 50% of the shares in NEXT Biometrics China Ltd. (NEXT China) in 2024 for zero cost. The Group has an obligation to repurchase 50% as a part of an agreement with an external party. Hence, the Group controls the subsidiary and will acquire the remaining shares in the entity at zero cost. Consequently, the subsidiary is fully consolidated, and no minority interest is recorded in the balance sheet of the Group. Please see note 16 for further details regarding this arrangement. All of the five Group subsidiaries are consolidated into the Group financial accounts.", "dimensions": { "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__19": { "value": "The Group has five operating subsidiaries. The following four are owned 100%: NEXT Biometrics AS (Norway) and its subsidiaries NEXT Biometrics Inc. (Seattle, USA), NEXT Biometrics Taiwan Ltd. (Taipei, Taiwan) and NEXT Biometrics Solutions India Pvt. Ltd. (Bengaluru, India). NEXT Biometrics China Ltd. (Shanghai, China) is a company that is controlled by the Group and that NEXT Biometrics AS owns 50% of the share capital as per 31/12/2024 following a transaction where the Group sold 50% of the shares in NEXT Biometrics China Ltd. (NEXT China) in 2024 for zero cost. The Group has an obligation to repurchase 50% as a part of an agreement with an external party. Hence, the Group controls the subsidiary and will acquire the remaining shares in the entity at zero cost. Consequently, the subsidiary is fully consolidated, and no minority interest is recorded in the balance sheet of the Group. Please see note 16 for further details regarding this arrangement. All of the five Group subsidiaries are consolidated into the Group financial accounts.", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__12": { "value": "The Group has five operating subsidiaries. The following four are owned 100%: NEXT Biometrics AS (Norway) and its subsidiaries NEXT Biometrics Inc. (Seattle, USA), NEXT Biometrics Taiwan Ltd. (Taipei, Taiwan) and NEXT Biometrics Solutions India Pvt. Ltd. (Bengaluru, India). NEXT Biometrics China Ltd. (Shanghai, China) is a company that is controlled by the Group and that NEXT Biometrics AS owns 50% of the share capital as per 31/12/2024 following a transaction where the Group sold 50% of the shares in NEXT Biometrics China Ltd. (NEXT China) in 2024 for zero cost. The Group has an obligation to repurchase 50% as a part of an agreement with an external party. Hence, the Group controls the subsidiary and will acquire the remaining shares in the entity at zero cost. Consequently, the subsidiary is fully consolidated, and no minority interest is recorded in the balance sheet of the Group. Please see note 16 for further details regarding this arrangement. All of the five Group subsidiaries are consolidated into the Group financial accounts.", "dimensions": { "concept": "ifrs-full:PrincipalPlaceOfBusiness", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__16": { "value": "Changes in accounting policiesThe accounting policies applied in preparation of the financial statements for the year ended 31 December 2024 are consistent with those applied in the preparation of the prior year financial statements.", "dimensions": { "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__18": { "value": "NOTE 1 | GENERAL INFORMATIONNEXT Biometrics Group ASA (\u201cParent company\u201d) is a public limited liability company, incorporated and domiciled in Norway, with headquarter in Stortorvet 7, 0155 Oslo, Norway. The Parent company and its subsidiaries (\u201cNEXT\u201d or \u201cthe Group\u201d) provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in thesmart card, government ID, access control and notebook markets.The Group has five operating subsidiaries. The following four are owned 100%: NEXT Biometrics AS (Norway) and its subsidiaries NEXT Biometrics Inc. (Seattle, USA), NEXT Biometrics Taiwan Ltd. (Taipei, Taiwan) and NEXT Biometrics Solutions India Pvt. Ltd. (Bengaluru, India). NEXT Biometrics China Ltd. (Shanghai, China) is a company that is controlled by the Group and that NEXT Biometrics AS owns 50% of the share capital as per 31/12/2024 following a transaction where the Group sold 50% of the shares in NEXT Biometrics China Ltd. (NEXT China) in 2024 for zero cost. The Group has an obligation to repurchase 50% as a part of an agreement with an external party. Hence, the Group controls the subsidiary and will acquire the remaining shares in the entity at zero cost. Consequently, the subsidiary is fully consolidated, and no minority interest is recorded in the balance sheet of the Group. Please see note 16 for further details regarding this arrangement. All of the five Group subsidiaries are consolidated into the Group financial accounts.NEXT ASA\u2019s shares are listed on the Oslo Stock Exchange.The purpose of the company as stated in the articlesof association is to conduct research, development and commercialization of security products, as well as other activities that will naturally fall under thisThe financial statements have been approved for issuance by the Board of Directors on 10 April 2025 and is subject to approval by the Annual General Meeting on 9 May 2025.Changes in accounting policiesThe accounting policies applied in preparation of the financial statements for the year ended 31 December 2024 are consistent with those applied in the preparation of the prior year financial statements.New and amended standards and interpretations adopted by the Group as of 1 January 2024.The new amendments to IAS 1 concerning new disclosure requirements relating to liabilities with covenants and convertible debt is not applicable for the group.There are no new amendments applicable for the annual reporting period commencing 1 January 2024 that have been adopted by Next Biometrics Group.New and amended standards and interpretations not yet adopted.IFRS 18 Presentation and Disclosure in Financial Statements is effective for periods beginning on or after 1 January 2027.IFRS 18 will replace IAS 1 Presentation of Financial Statements, and introduce new requirements to help achieve comparability across companies. Although IFRS 18 will not affect the recognition or measurement of items in the financial statements, changes are expected to be made to the Group\u2019s presentation of the Consolidated statement of comprehensive income.Management is currently assessing the detailed implications of applying the new standard to the Group\u2019s consolidated financial statements.", "dimensions": { "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__17-1": { "value": "NOTE 1 | GENERAL INFORMATIONNEXT Biometrics Group ASA (\u201cParent company\u201d) is a public limited liability company, incorporated and domiciled in Norway, with headquarter in Stortorvet 7, 0155 Oslo, Norway. The Parent company and its subsidiaries (\u201cNEXT\u201d or \u201cthe Group\u201d) provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in thesmart card, government ID, access control and notebook markets.The Group has five operating subsidiaries. The following four are owned 100%: NEXT Biometrics AS (Norway) and its subsidiaries NEXT Biometrics Inc. (Seattle, USA), NEXT Biometrics Taiwan Ltd. (Taipei, Taiwan) and NEXT Biometrics Solutions India Pvt. Ltd. (Bengaluru, India). NEXT Biometrics China Ltd. (Shanghai, China) is a company that is controlled by the Group and that NEXT Biometrics AS owns 50% of the share capital as per 31/12/2024 following a transaction where the Group sold 50% of the shares in NEXT Biometrics China Ltd. (NEXT China) in 2024 for zero cost. The Group has an obligation to repurchase 50% as a part of an agreement with an external party. Hence, the Group controls the subsidiary and will acquire the remaining shares in the entity at zero cost. Consequently, the subsidiary is fully consolidated, and no minority interest is recorded in the balance sheet of the Group. Please see note 16 for further details regarding this arrangement. All of the five Group subsidiaries are consolidated into the Group financial accounts.NEXT ASA\u2019s shares are listed on the Oslo Stock Exchange.The purpose of the company as stated in the articlesof association is to conduct research, development and commercialization of security products, as well as other activities that will naturally fall under thisThe financial statements have been approved for issuance by the Board of Directors on 10 April 2025 and is subject to approval by the Annual General Meeting on 9 May 2025.Changes in accounting policiesThe accounting policies applied in preparation of the financial statements for the year ended 31 December 2024 are consistent with those applied in the preparation of the prior year financial statements.New and amended standards and interpretations adopted by the Group as of 1 January 2024.The new amendments to IAS 1 concerning new disclosure requirements relating to liabilities with covenants and convertible debt is not applicable for the group.There are no new amendments applicable for the annual reporting period commencing 1 January 2024 that have been adopted by Next Biometrics Group.New and amended standards and interpretations not yet adopted.IFRS 18 Presentation and Disclosure in Financial Statements is effective for periods beginning on or after 1 January 2027.IFRS 18 will replace IAS 1 Presentation of Financial Statements, and introduce new requirements to help achieve comparability across companies. Although IFRS 18 will not affect the recognition or measurement of items in the financial statements, changes are expected to be made to the Group\u2019s presentation of the Consolidated statement of comprehensive income.Management is currently assessing the detailed implications of applying the new standard to the Group\u2019s consolidated financial statements.Note 24 Changes in reporting items in consolidated statement of comprehensive incomeThere are minor changes to the consolidated statement of comprehensive income compared to previous years. Operating revenues and other revenues have been combined into one financial statement reporting line item named \u201cRevenues\u201d. Similarly, Cost of goods sold and Inventory write (amounts in NOK 1,000) 2023Operating revenue 33,717Other revenue 666Revenues 34,383downs have been combined into one financial statement reporting line item named \u201cCost of materials\u201d. These changes were implemented in order made to be more in line with our peers and general accounting practice.(amounts in NOK 1,000) 2023Cost of goods sold -22,962Inventory write downs -4,042Cost of materials -27,004", "dimensions": { "concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__15": { "value": "NOTE 1 | GENERAL INFORMATIONNEXT Biometrics Group ASA (\u201cParent company\u201d) is a public limited liability company, incorporated and domiciled in Norway, with headquarter in Stortorvet 7, 0155 Oslo, Norway. The Parent company and its subsidiaries (\u201cNEXT\u201d or \u201cthe Group\u201d) provides advanced fingerprint sensor technology that delivers uncompromised security and accuracy for the best possible user experience in thesmart card, government ID, access control and notebook markets.The Group has five operating subsidiaries. The following four are owned 100%: NEXT Biometrics AS (Norway) and its subsidiaries NEXT Biometrics Inc. (Seattle, USA), NEXT Biometrics Taiwan Ltd. (Taipei, Taiwan) and NEXT Biometrics Solutions India Pvt. Ltd. (Bengaluru, India). NEXT Biometrics China Ltd. (Shanghai, China) is a company that is controlled by the Group and that NEXT Biometrics AS owns 50% of the share capital as per 31/12/2024 following a transaction where the Group sold 50% of the shares in NEXT Biometrics China Ltd. (NEXT China) in 2024 for zero cost. The Group has an obligation to repurchase 50% as a part of an agreement with an external party. Hence, the Group controls the subsidiary and will acquire the remaining shares in the entity at zero cost. Consequently, the subsidiary is fully consolidated, and no minority interest is recorded in the balance sheet of the Group. Please see note 16 for further details regarding this arrangement. All of the five Group subsidiaries are consolidated into the Group financial accounts.NEXT ASA\u2019s shares are listed on the Oslo Stock Exchange.The purpose of the company as stated in the articlesof association is to conduct research, development and commercialization of security products, as well as other activities that will naturally fall under thisThe financial statements have been approved for issuance by the Board of Directors on 10 April 2025 and is subject to approval by the Annual General Meeting on 9 May 2025.Changes in accounting policiesThe accounting policies applied in preparation of the financial statements for the year ended 31 December 2024 are consistent with those applied in the preparation of the prior year financial statements.New and amended standards and interpretations adopted by the Group as of 1 January 2024.The new amendments to IAS 1 concerning new disclosure requirements relating to liabilities with covenants and convertible debt is not applicable for the group.There are no new amendments applicable for the annual reporting period commencing 1 January 2024 that have been adopted by Next Biometrics Group.New and amended standards and interpretations not yet adopted.IFRS 18 Presentation and Disclosure in Financial Statements is effective for periods beginning on or after 1 January 2027.IFRS 18 will replace IAS 1 Presentation of Financial Statements, and introduce new requirements to help achieve comparability across companies. Although IFRS 18 will not affect the recognition or measurement of items in the financial statements, changes are expected to be made to the Group\u2019s presentation of the Consolidated statement of comprehensive income.Management is currently assessing the detailed implications of applying the new standard to the Group\u2019s consolidated financial statements.", "dimensions": { "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__25": { "value": "Basis of preparationThese financial statements have been prepared in accordance with IFRS\u00ae Accounting Standards as adopted by the EU per 31 December 2024.", "dimensions": { "concept": "ifrs-full:StatementOfIFRSCompliance", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__26": { "value": "Going concernThe Board of Directors confirms that the financial statements have been prepared under the assumption of going concern.", "dimensions": { "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__28": { "value": "Currency These financial statements are presented in Norwegian kroner, which is also the Parent company\u2019s functional currency. Except for Next Biometrics AS, which is based in Norway and that uses USD as its functional currency, each entity within the Group utilizes the local currency of its domicile and operational base as its functional currency.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__27": { "value": "Currency These financial statements are presented in Norwegian kroner, which is also the Parent company\u2019s functional currency. Except for Next Biometrics AS, which is based in Norway and that uses USD as its functional currency, each entity within the Group utilizes the local currency of its domicile and operational base as its functional currency.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__29": { "value": "Property, plant and equipment Property, plant and equipment are held at cost less accumulated depreciation and impairment losses. When assets are sold or disposed, the gross carrying amount and accumulated depreciations are reversed. Any gain or loss on the sale or disposal is recognized in the profit and loss.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__30": { "value": "InventoryRaw materials, work in progress and finished products are valued at the lower of cost and net realizable value after deduction for obsolescence. Costs are determined using the FIFO and average cost method.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__31": { "value": "Cash flowThe cash flow statement has been drawn up in accordance with the indirect method and reports cash flows during the period classified by operating, investing and financing activities.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__23": { "value": "Preparation of financial statements in accordance with IFRS requires that the management makes judgements and prepares estimates and assumptions which have an impact on the recognized amounts for assets, liabilities, revenue and costs. Estimates and related assumptions have been based on the management\u2019s best knowledge of past and recent events, experience and other factors which are considered reasonable under the circumstances. Actual results may deviate from such assumptions. Estimates and underlying assumptions are subject to continuous evaluation.", "dimensions": { "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__32": { "value": "The cost of options granted to employees and employee option social security costs are classified as employee costs while cost of options granted to consultants/contractors are classified as other operating costs.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__35": { "value": "Research and development expenses/ Intangible assets: Research costs are expensed as incurred. An intangible asset arising from the development expenditure on an individual project is recognized only when the Group can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, the Group\u2019s intention and capability of completing the development and realize the assets, and the net future financial benefits of use or sale.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__34": { "value": "Research and development expenses/ Intangible assets: Research costs are expensed as incurred. An intangible asset arising from the development expenditure on an individual project is recognized only when the Group can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, the Group\u2019s intention and capability of completing the development and realize the assets, and the net future financial benefits of use or sale.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__33": { "value": "Research and development expenses/ Intangible assets: Research costs are expensed as incurred. An intangible asset arising from the development expenditure on an individual project is recognized only when the Group can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, the Group\u2019s intention and capability of completing the development and realize the assets, and the net future financial benefits of use or sale.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__24": { "value": "The Group recognizes loss allowances for expected credit loss on account receivables, which are measured at amortized cost. The Group applies a provision matrix to calculate expected credit loss (ECL). The provision matrix is based on historical losses and forward-looking information and is updated at each reporting date. In addition, the trade receivables are grouped in customer segments that have a similar credit risk profile. During 2024 the amount of significant overdue receivables has increased. The Group has a limited operating history with several of its major customers, which makes it more challenging to establish expected credit loss estimates for these receivables. This fact, together with the significant amount of trade receivables overdue at year-end 2024, makes estimated ECL a critical estimate.", "dimensions": { "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__22-1": { "value": "The Group recognizes loss allowances for expected credit loss on account receivables, which are measured at amortized cost. The Group applies a provision matrix to calculate expected credit loss (ECL). The provision matrix is based on historical losses and forward-looking information and is updated at each reporting date. In addition, the trade receivables are grouped in customer segments that have a similar credit risk profile. During 2024 the amount of significant overdue receivables has increased. The Group has a limited operating history with several of its major customers, which makes it more challenging to establish expected credit loss estimates for these receivables. This fact, together with the significant amount of trade receivables overdue at year-end 2024, makes estimated ECL a critical estimate.The Group recognizes loss allowances on account receivables measured at amortized cost. None of the account receivables contain a significant financing component and the time value of money will not need to be considered as it is insignificant. The Group has few, but large customers. The Group considers reasonable and supportable information that is relevant and available when estimating loss allowance. This includes both quantitative and qualitative information and analysis of each customer and their domicile. The provision is based on individual assessment of each customer after thorough evaluations and discussions with each respective customer, as well as past experience. The Group has a limited operating history with several of its major customers, which makes it more challenging to establish expected credit loss estimates for these receivables. This fact, together with the significant amount of trade receivables overdue at year-end 2024, makes estimated ECL a critical estimate.", "dimensions": { "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__21": { "value": "NOTE 2 | SUMMARY OF MATERIAL ACCOUNTING POLICIESBasis of preparationThese financial statements have been prepared in accordance with IFRS\u00ae Accounting Standards as adopted by the EU per 31 December 2024. Going concernThe Board of Directors confirms that the financial statements have been prepared under the assumption of going concern. Currency These financial statements are presented in Norwegian kroner, which is also the Parent company\u2019s functional currency. Except for Next Biometrics AS, which is based in Norway and that uses USD as its functional currency, each entity within the Group utilizes the local currency of its domicile and operational base as its functional currency.Property, plant and equipment Property, plant and equipment are held at cost less accumulated depreciation and impairment losses. When assets are sold or disposed, the gross carrying amount and accumulated depreciations are reversed. Any gain or loss on the sale or disposal is recognized in the profit and loss. InventoryRaw materials, work in progress and finished products are valued at the lower of cost and net realizable value after deduction for obsolescence. Costs are determined using the FIFO and average cost method. Cash flowThe cash flow statement has been drawn up in accordance with the indirect method and reports cash flows during the period classified by operating, investing and financing activities. Significant estimates and judgementsPreparation of financial statements in accordance with IFRS requires that the management makes judgements and prepares estimates and assumptions which have an impact on the recognized amounts for assets, liabilities, revenue and costs. Estimates and related assumptions have been based on the management\u2019s best knowledge of past and recent events, experience and other factors which are considered reasonable under the circumstances. Actual results may deviate from such assumptions. Estimates and underlying assumptions are subject to continuous evaluation.Critical accounting estimates for the Group are:Share-based remuneration:The cost of options granted to employees and employee option social security costs are classified as employee costs while cost of options granted to consultants/contractors are classified as other operating costs. Please see note 18 for further details.Research and development expenses/ Intangible assets: Research costs are expensed as incurred. An intangible asset arising from the development expenditure on an individual project is recognized only when the Group can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, the Group\u2019s intention and capability of completing the development and realize the assets, and the net future financial benefits of use or sale.Expected credit loss on account receivables:The Group recognizes loss allowances for expected credit loss on account receivables, which are measured at amortized cost. The Group applies a provision matrix to calculate expected credit loss (ECL). The provision matrix is based on historical losses and forward-looking information and is updated at each reporting date. In addition, the trade receivables are grouped in customer segments that have a similar credit risk profile. During 2024 the amount of significant overdue receivables has increased. The Group has a limited operating history with several of its major customers, which makes it more challenging to establish expected credit loss estimates for these receivables. This fact, together with the significant amount of trade receivables overdue at year-end 2024, makes estimated ECL a critical estimate.", "dimensions": { "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__39": { "value": "NOTE 3 | Revenues and segment reporting Accounting principleThe Group manufactures and sell fingerprint sensor technology hardware and software, both to distributors and end-customers. The sales contract and terms of delivery depends on the customer, but most products are shipped ex-works. In accordance with IFRS 15, revenue is recognized when control of the product is transferred to the customer. Typically when the customer picks up the products as per contract, the Group has delivered and transferred the products, there is no unfulfilled obligation that could affect the customer\u2019s acceptence of the products. The goods are predominately sold based on fixed prices. No significant element of financing is deemed present as the sales are normally made with a credit term of 30-90 days upon delivery, which is consistent with market practice.(amounts in NOK 1,000) 2024 2023Fingerprint sensor technology 71,252 33,717Other revenues 322 666Total operating revenues 71,574 34,383The Group targets four customer groups and application areas for the technology:(i) Office & Notebooks\ue61e(ii) Payment & Fintech\ue61e(iii) Access control (iv) Public Security\ue61eThe same generic fingerprint sensor technology and products is used for all customers. Most of the Group\u2019s key IP, including our NEXT Active Thermal\u2122 is shared and used in all products. The employees in the Group work across all products and customers. The R&D personnel are focused on technology, rather than specific customer groups such as Office & Notebooks or Public Security. Based on this, the Group consider that we only operate within one business segment, and therefore also report only within one business segment, \u201cFingerprint sensor technology\u201d.The Group\u2019s property, plant and equipment (PPE) mainly consist of a specialized coating machine that is located in Taipei, Taiwan. The remaining part of the Group\u2019s PPE consists of R&D test equipment located in Seattle, USA and Taipei, Taiwan. The Group\u2019s revenues, both in 2024 and in 2023, were mainly related to customers geographically located in Asia (Japan, Singapore, China, Taiwan and India). The Group has 4 major customers, which represent 25% (0%), 20% (17%), 12% (63%) and 11% (0%) of revenues in 2024 (2023 in brackets).All of the group\u2019s revenue is point in time type of revenue.Other revenue of NOK 0.3 million mainly relates to sale of electronic components and other fees.", "dimensions": { "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__38": { "value": "NOTE 3 | Revenues and segment reporting Accounting principleThe Group manufactures and sell fingerprint sensor technology hardware and software, both to distributors and end-customers. The sales contract and terms of delivery depends on the customer, but most products are shipped ex-works. In accordance with IFRS 15, revenue is recognized when control of the product is transferred to the customer. Typically when the customer picks up the products as per contract, the Group has delivered and transferred the products, there is no unfulfilled obligation that could affect the customer\u2019s acceptence of the products. The goods are predominately sold based on fixed prices. No significant element of financing is deemed present as the sales are normally made with a credit term of 30-90 days upon delivery, which is consistent with market practice.(amounts in NOK 1,000) 2024 2023Fingerprint sensor technology 71,252 33,717Other revenues 322 666Total operating revenues 71,574 34,383The Group targets four customer groups and application areas for the technology:(i) Office & Notebooks\ue61e(ii) Payment & Fintech\ue61e(iii) Access control (iv) Public Security\ue61eThe same generic fingerprint sensor technology and products is used for all customers. Most of the Group\u2019s key IP, including our NEXT Active Thermal\u2122 is shared and used in all products. The employees in the Group work across all products and customers. The R&D personnel are focused on technology, rather than specific customer groups such as Office & Notebooks or Public Security. Based on this, the Group consider that we only operate within one business segment, and therefore also report only within one business segment, \u201cFingerprint sensor technology\u201d.The Group\u2019s property, plant and equipment (PPE) mainly consist of a specialized coating machine that is located in Taipei, Taiwan. The remaining part of the Group\u2019s PPE consists of R&D test equipment located in Seattle, USA and Taipei, Taiwan. The Group\u2019s revenues, both in 2024 and in 2023, were mainly related to customers geographically located in Asia (Japan, Singapore, China, Taiwan and India). The Group has 4 major customers, which represent 25% (0%), 20% (17%), 12% (63%) and 11% (0%) of revenues in 2024 (2023 in brackets).All of the group\u2019s revenue is point in time type of revenue.Other revenue of NOK 0.3 million mainly relates to sale of electronic components and other fees.", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__36": { "value": "NOTE 3 | Revenues and segment reporting Accounting principleThe Group manufactures and sell fingerprint sensor technology hardware and software, both to distributors and end-customers. The sales contract and terms of delivery depends on the customer, but most products are shipped ex-works. In accordance with IFRS 15, revenue is recognized when control of the product is transferred to the customer. Typically when the customer picks up the products as per contract, the Group has delivered and transferred the products, there is no unfulfilled obligation that could affect the customer\u2019s acceptence of the products. The goods are predominately sold based on fixed prices. No significant element of financing is deemed present as the sales are normally made with a credit term of 30-90 days upon delivery, which is consistent with market practice.(amounts in NOK 1,000) 2024 2023Fingerprint sensor technology 71,252 33,717Other revenues 322 666Total operating revenues 71,574 34,383The Group targets four customer groups and application areas for the technology:(i) Office & Notebooks\ue61e(ii) Payment & Fintech\ue61e(iii) Access control (iv) Public Security\ue61eThe same generic fingerprint sensor technology and products is used for all customers. Most of the Group\u2019s key IP, including our NEXT Active Thermal\u2122 is shared and used in all products. The employees in the Group work across all products and customers. The R&D personnel are focused on technology, rather than specific customer groups such as Office & Notebooks or Public Security. Based on this, the Group consider that we only operate within one business segment, and therefore also report only within one business segment, \u201cFingerprint sensor technology\u201d.The Group\u2019s property, plant and equipment (PPE) mainly consist of a specialized coating machine that is located in Taipei, Taiwan. The remaining part of the Group\u2019s PPE consists of R&D test equipment located in Seattle, USA and Taipei, Taiwan. The Group\u2019s revenues, both in 2024 and in 2023, were mainly related to customers geographically located in Asia (Japan, Singapore, China, Taiwan and India). The Group has 4 major customers, which represent 25% (0%), 20% (17%), 12% (63%) and 11% (0%) of revenues in 2024 (2023 in brackets).All of the group\u2019s revenue is point in time type of revenue.Other revenue of NOK 0.3 million mainly relates to sale of electronic components and other fees.", "dimensions": { "concept": "ifrs-full:DisclosureOfRevenueExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__37": { "value": "The Group manufactures and sell fingerprint sensor technology hardware and software, both to distributors and end-customers. The sales contract and terms of delivery depends on the customer, but most products are shipped ex-works. In accordance with IFRS 15, revenue is recognized when control of the product is transferred to the customer. Typically when the customer picks up the products as per contract, the Group has delivered and transferred the products, there is no unfulfilled obligation that could affect the customer\u2019s acceptence of the products. The goods are predominately sold based on fixed prices. No significant element of financing is deemed present as the sales are normally made with a credit term of 30-90 days upon delivery, which is consistent with market practice.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__41-1": { "value": "NOTE 4 Payroll expenses(amounts in NOK 1,000) 2024 2023Salaries, fees -26,169 -26,507Share based remuneration (salary part) -2,776 -5,729Share based remuneration (employer's tax) 1,637 -4,611Social security taxes -3,600 -3,515Pension contribution -652 -804Other personnel expenses -1,231 -1,204Total payroll expenses -32,791 -42,370Average numbers of employees 23 24The cost for share based remuneration (employer's tax) was negative NOK 1.6 million in 2024 compared to a cost of NOK 4.6 million in 2023. The negative cost in 2024 is due to reduction in the liability for share option social security tax mainly triggered by a reduction in the Group's stock price price and lowered social security cost for future periods from 19.1% to 14.1%. Please refer to note 18 for further information on the Group's option program. The Group employed an average number of employees of 23. In addition, the company has 15 contractors who are working for the company on a part time or full time basis.The parent company, NEXT Biometrics Group ASA, provides a contribution-based pension insurance scheme for all employees. The scheme satisfies the mandatory service pension (\u2018OTP\u2019) in Norway. NEXT Biometrics Inc has a 401-K plan for its employees, which allows employees to save for retirement with pre-tax funds. The company currently does not contribute to this plan but pays for its administration. NEXT Biometrics Taiwan Ltd offers an employee pension plan with an annual contribution of 6% of the salary, but capped at TWD 9,000 per month per employee (NOK 3,100 per month). NEXT Biometrics China Ltd and NEXT Biometrics Solutions Pvt Ltd have no local pension plans.Termination benefits\ue61eTermination benefits are payable when the employment is terminated by the Group before the normal retirement date or when an employee accepts voluntary redundancy in exchange for these benefits. The Group recognizes termination benefits when the Group can no longer withdraw the offer.NOTE 5 Other operating expenses(amounts in NOK 1,000) 2024 2023Product and marketing costs -6,795 -5,225Sales and marketing incentive fees -3,631 -Business services costs -18,084 -9,841R&D costs -4,173 -2,600R&D and government grants1 1,848 1,754Fees to contractors, auditors, lawyers and others\ue61d -5,382 -4,331Allowance for expected credit loss -7,315 -462Other expenses3 -3,057 -2,345Share based remuneration (operating part)\ue61c -452 -167Total other operating expenses -47,041 -23,218The Group\u2019s business service costs increased from NOK 9.8 million in 2023 to NOK 18.1 million in 2024 largely due to transfer of personnel from hired employees to contractors, increased number of contractors in the areas of sales, product and marketing as well as due to higher sales incentive bonuses and travel activity.1 R&D grants and other government grants are related to Skattefunn grants in 2023/2024.2 Fees to contractors, auditors, lawyers refers to amounts paid the company\u2019s contractors and service providers who are working for the company on a part time or full time basis.3 Other expenses include software expenses, IT cost, insurance fees, non deductable VAT and stock exchange related fees. \ue61c Share based remuneration (operating part) refers to share options granted to contractors (see note 18 for further information).NOTE 18 Share capital, shareholder\u2019s information and share-based optionsThere is one class of shares. All shares have equal rights and are freely negotiable. The share capital is fully paid in. The par value of the shares is NOK 1 per share.There were 115,154,535 shares in the company on 31 December 2024, compared to 104,024,929 shares on 31 December 2023. At the end of 2024 there were 3,391 shareholder accounts compared to 4,079 at the end of 2023.Number of shares outstanding 2024 2023Opening balance 104,024,929 91,980,763Share issue(s) 5,500,000 12,000,000Exercised incentive share options 5,629,606 44,166Closing balance 115,154,535 104,024,929In October 2024, NEXT successfully completed a private placement issuing 5,500,000 new shares at a subscription price of NOK 7.3 per share, corresponding to gross proceeds of NOK 40.2 million. Direct expenses and underwriting commission in relation to the private placement was NOK 2.1 million and net proceeds were NOK 38.1 million. Moreover, in February, May and August 2024, 909,606 share options were exercised at an average subscription price of NOK 3.7 per share with total gross proceeds of NOK 3.4 million and net proceeds of NOK 3.3 million. Further, in September 2024, 4,720,000 share options were exercised at an average subscription price of NOK 3.99 per share with total gross proceeds of NOK 18.9 million and gross proceeds of NOK 18.8 million. Total net proceeds for the year 2024 amounted to NOK 60.1 million.In September 2023, NEXT successfully completed a private placement issuing 12,000,000 new shares at a subscription price of NOK 5.0 per share, corresponding to gross proceeds of NOK 60.0 million. Direct expenses and underwriting commission in relation to the private placement was NOK 3.1 million and net proceeds were NOK 56.9 million. Moreover, in May and September 2023, 44,166 share options were exercised at an average subscription price of NOK 3.4 per share with total gross proceeds of NOK 0.15 million. Total net proceeds for the year 2023 amounted to NOK 57.0 million.There are no authorizations to the board to purchaseown shares.Capital resourcesNEXT manages its liquidity passively, which means that funds are placed in floating-interest bank accounts. The majority of cash is held in Norwegian kroner at parent company level and is distributed when appropriate to the affiliates. This is both to have control of the overall liquidity situation and to manage expense levels in the affiliates. NEXT has no interest bearing debt by the end of 2024.NEXT targets to have an equity ratio above 80%, measured as total equity divided by total assets.Equity ratio 2024 2023Total equity 118,857 94,351Total assets 152,390 118,900Equity share 78% 79%Capital resources 2024 2023Current liabilities 31,289 24,355Non-current liabilities 2,244 194Less cash -62,907 -67,753Net debt (net cash) -29,374 -43,204Total equity 118,857 94,351Total capital resources 89,482 51,147Gearing ratio (%) \u201333% -84%The largest shareholders at year end and shares owned by executive and Directors of the Board:Top 20 shareholders at 31 December 2024 Number of shares Percent of sharesSkandinaviska Enskilda Banken AB 7,413,614 6.4 %Torstein Tvenge 6,500,000 6.2 %SILVERCOIN INDUSTRIES AS 6,384,062 5.6 %HAAS AS 5,953,000 5.5 %NORUS AS 5,918,286 3.8 %VERDIPAPIRFONDET DELPHI NORGE 5,499,912 3.7 %EDGEWATER AS 5,385,645 3.2 %SONGA CAPITAL AS 5,150,486 3.1 %The Bank of New York Mellon SA/NV 3,857,313 3.0 %UBS Switzerland AG 3,649,081 2.8 %CAMACA AS 3,479,871 2.4 %NORUS HOLDING DATTER AS 3,074,349 2.3 %AS AUDLEY 2,627,027 1.8 %VALSET INVEST AS 2,555,113 1.7 %LUCELLUM AS 2,520,000 1.6 %MARSTAL AS 1,786,158 1.6 %CAMIKO AS 1,617,200 1.5 %ECOMNEX HOLDING AS 1,494,461 1.5 %SIX-SEVEN AS 1,438,644 1.4 %AVEO INVEST AS 1,430,000 1.2 %Total top 20 77,734,222 60.3 %Others 37,420,313 39.7%Total number of shares 115,154,535 100.0%Shares owned by Executives and Directors Number of Percent of of the Boardsharesshares Held throughSenior ExecutivesUlf Ritsvall, CEO 17,000 0.01%Eirik Underthun, CFO 119,000 0.10%Marcus Lauren, CPO 20,000 0.02%Digvijay Singh Kanwar, SVP Head of Sales IUEA - 0.00%Joshua Chui, SVP Head of Sales South-East Asia - 0.00%Peter Heuman, former CEO 1,000,000 0.87%Board of DirectorsOdd-Harald Hauge, Chair 548,907 0.48% Odd-Harald HaugePetter Fjellstad 1,032,779 0.90% Fjellstad Holding ASSiri Gomn\u00e6s B\u00f8rsum - 0.00%Emine Lundkvist 79,738 0.07%Nomination CommitteeJon Frode Vaksvik 35,000 0.03% Jon Frode Vaksvik & Skavak Invest AS1Haakon S\u00e6ter8,370,794 7.27% Silvercoin Industries AS, Fredrikstad Spillerinvest AS, Six-Seven AS & Haakon S\u00e6terHans Herman Horn 11,387,683 9.89% NORUS AS, Norus Holding Datter AS, Edgewater AS & Hans Herman HornTotal 22,610,901 19.64%\ue61b In addition to the shares held directly through Silvercoin Industries AS and Six-Seven AS, Silvercoin Industries AS held futures In addition to the shares held directly through Silvercoin Industries AS and Six-Seven AS, Silvercoin Industries AS held futures contracts on 2,000,000 NEXT shares as per 31 December 2024. As of 31 December 2024, the Company has one share option program:Long-term share options programNEXT has allotted long-term share options to employees. The options in the 2019, 2020, 2021 and 2022 program are fully vested as per 31. December 2024. The options allocated to employees in the 2023 program vest 1/3 in quarter three 2024, 1/3 in quarter three 2025 and 1/3 in quarter one 2026. The options allocated to employees in the 2024 programvest 1/3 in quarter three 2025, 1/3 in quarter three 2026 and 1/3 in quarter one 2027. The options in the 2020 and 2021 program were extended during 2023 and these options expire in 2026. The options in the 2022 program expire in 2025. The options in the 2023 program expire 5 years after the options have been granted (2028) while the options in the 2024 program expire in 2029. All options allocated toboard members are fully vested.There are currently an accumulated 10,020,579 (8.7%of total number of shares in the Company) share options outstanding. Out of these, 6,479,028 share options have vested.Each option gives the holder the right to acquire oneshare from the Company at a strike price defined in the individual share option agreement.The option agreements include a clause on accelerated vesting in case of a majority of shares in the Company are (i) sold to an acquirer, (ii) the Company is merged with another company, (iii) a demerger occurs, and (iv) if the company\u2019s shares are delisted.At the Annual General Meeting (AGM) 16 May 2024 the Board of Directors was granted authorization to issue up to 11,980,658 shares in the company in relation to options granted to employees and board members.2024 2023Number of Weighted average Number of Weighted average Options-movement optionsexercise priceoptionsexercise priceOutstanding options-Beginning period 14,048,519 4.86 11,932,228 4.86 Granted 2,225,000 7.86 2,500,000 5.99 Exercised -5,629,606 3.96 -44,166 3.39 Forfeited or expired -623,334 9.74 -339,543 15.45 Outstanding options-End period 10,020,579 5.65 14,048,519 4.86 Vested options-End period 6,479,028 4.83 10,710,182 4.66 2024 2023Number of Weighted average Number of Weighted average optionsfair valueoptionsfair valueGranted options - During period 2,225,000 2.00 2,500,000 1.93 Of which adjustment prior periods expense because of Net expense change in estimated number of Remaining expense Number of options in the period options that will vest future periods expected to vest 2024(NOK 1,000)(NOK 1,000)(NOK 1,000)(number of options)2019 grants - - - 103,418 2020 grants - - - 1,598,500 2021 grants - - - 1,803,664 2022 grants 714 - - 2,314,997 2023 grants 1,399 - 1,215 1,975,000 2024 grants 1,130 - 3,317 2,225,000 Total 3,243 - 4,532 10,020,579 Number of options Total number of Range of Weighted average remaining expected to vest options outstanding 2024exercise pricecontractual life (years)(number of options)(number of options)2019 grants 6,52-9,85 0.38 103,418 103,418 2020 grants 2,49-3,21 1.47 1,598,500 1,598,500 2021 grants 5,97-7,45 1.47 1,803,664 1,803,664 2022 grants 4,48-4,89 0.42 2,314,997 2,314,997 2023 grants 5,94-6,46 3.46 1,883,083 1,975,000 2024 grants 7,86-7,86 4.46 1,971,335 2,225,000 Total - - 9,674,997 10,020,579 The fair value for the share-based options granted in the year has been calculated by use of the Black-Scholes and the following assumptions have been applied in 2024 and 2023: Exercise price:2024: Weighted average NOK 7.86 per share2023: Weighted average NOK 5.99 per shareVesting period:2024 employee options: 1/3 have 1 years, 1/3 have 2 years and 1/3 have 2.5 years2023 employee options: 1/3 have 1 years, 1/3 have 2 years and 1/3 have 2.5 yearsVolatility:2023: 41%-42% depending on time to maturity of individual options.2023: 41%-68% depending on time to maturity of individual options.Risk free interest rate:2024: 3.58%-4.10% depending on time to maturity of individual options.2023: 3.68%-4.21% depending on time to maturity of individual options.Attrition:2024: Estimated 8% employee attrition for individual non-vested share-based options.2023: Estimated 8% employee attrition for individual non-vested share-based options.No expected dividend paymentNOTE 19 Remuneration key personnel and audit feesACTUAL REMUNERATION \ue61d SENIOR EXECUTIVESBoard Fair value Total 2024 (amounts in NOK 1,000)remuneration Salary Bonus Other benefits Pension costgranted options *remunerationSenior ExecutivesUlf Ritsvall, CEO - 2,960 1,509 65 - 1,939 6,472 Eirik Underthun, CFO - 2,010 - 5 181 291 2,487 Marcus Lauren, CPO - 2,253 - - - 111 2,364 Digvijay Singh Kanwar, SVP Head of Sales IUEA - 991 904 - - 206 2,100 Joshua Chui, SVP Head of Sales South-East Asia - 1,880 1,347 - - 136 3,363 1Peter Heuman, former CEO- 87 - - 5 -148 -56 Board of DirectorsOdd Harald Hauge, Chair 200 - - - - - 200 Petter Fjeldstad 500 - - - - - 500 Emine Lundkvist 200 - - - - - 200 Siri Gomn\u00e6s B\u00f8rsum 200 - - - - - 200 Nomination CommitteeJon Frode Vaksvik, Chair 30 - - - - - 30 Haakon S\u00e6ter 20 - - - - - 20 Hans-Herman Horn 20 - - - - - 20 Total remuneration 1,170 10,181 3,760 70 186 2,535 17,900* Fair value of granted options is equal to expensed share option remuneration for the year, which is based on fair value at grant date and vesting period (see note 2 for further information).Board remuneration reported above is based on paid-out amounts.\ue61b Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 to 16 May 2024 Peter Heuman was advisor to the CEO and board of directors.ACTUAL REMUNERATION\ue61dSENIOR EXECUTIVESBoard Fair value Total 2023 (amounts in NOK 1,000)remuneration Salary Bonus Other benefits Pension costgranted options *remunerationSenior Executives2Ulf Ritsvall, CEO- 2,130 100 19 - 1,650 3,900Eirik Underthun, CFO - 1,878 100 4 172 862 3,0163Marcus Lauren, CPO- 418 - - - 11 429Digvijay Singh Kanwar, SVP Head 4of Sales IUEA- 684 82 - - 127 893Joshua Chui, SVP Head of Sales 5South-East Asia- 313 - - - 11 3256Peter Heuman, former CEO- 3,186 - 3 131 1,783 5,103Board of DirectorsPetter Fjeldstad, Chair 500 - - - - - 500Odd Harald Haug 200 - - - - - 200Emine Lundkvist 200 - - - - - 200Siri Gomn\u00e6s B\u00f8rsum 200 - - - - 73 273Nomination CommitteeJon Frode Vaksvik, Chair 30 - - - - - 30Haakon S\u00e6ter 20 - - - - - 20Hans-Herman Horn 20 - - - - - 20Total remuneration 1,170 8,610 282 27 303 4,518 14,909\ue61d Ulf Ritsvall was promoted to NEXT Biometrics Group CEO effective from 1 October 2023. Ulf Ritsvall previously was NEXT SVP Sales and Marketing.\ue61a Marcus Lauren was hired as Chief Product Officer effective from 1 November 2023. \ue61c Digvijay Singh Kanwar was promoted to SVP Head of Sales IUEA effective from 1 November 2023.\ue619 Joshua Chui was hired as VP Head of Sales South-East Asia effective from 1 November 2023.\ue618 Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 Peter Heuman was advisor to the CEO and board of directors.CEO remunerationUlf Ritsvall (CEO) has a salary of NOK 2.6 million per year. In addition, he is part of the Company\u2019s option plan and the bonus program, which provides annual bonuses based upon the achievement of performance objectives established by the company. Further, the CEO is entitled to a pension benefit of 15% of annual base salary. Ulf Ritsvall was awarded and paid a bonus in 2023, while no bonus was paid out during 2024. During 2023 and 2024, the company also paid pension benefits as salary, which is reported under salary in the tables above.Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 to 16 May 2024 Peter Heuman was engaged as an advisor to the CEO and board of directors. When engaged as CEO during 2023, Peter Heuman had a base salary of NOK 3.0 million per year and 15% of annual salary in pension benefits. In addition, he participated in the Company\u2019s option plan and the bonus program, which provides annual bonuses based upon the achievement of performance objectives established by the company. Peter Heuman was awarded a bonus in 2023 and the company also paid pension benefits as salary for the amount in excess of the company\u2019s standard pension contribution for 2023, which is reported under salary in the tables above.SeveranceUlf Ritsvall (CEO) has a severance agreement whereby he will receive 100% pay for 6 months for termination by the Company without cause.Loans and guarantees for senior executivesThe Company has not made any advance payments or issued loans to, or guarantees in favor of, any senior executives or members of the board as per 31 December 2024. Share based remunerationShare-based payments are equity-settled share options granted to employees, contractors and members of the board of directors. The options are charged against the income statements at their fair value over the vesting period, with a corresponding increase in equity. The fair value of share-based options is determined using the Black-Scholes option-pricing model. The social security contribution payable in connection with the exercise of the share options is accrued on a straight-line basis as current liabilities, based on the intrinsic value of the share options at the end of each accounting period with consequent charges to the payroll expenses. Share-based remuneration and option social security costs related to employees and members of the board are charged as payroll expenses, while costs related to contractors are charged as other operating expenses.Salary, pension and any bonuses will attract employer\u2019s tax, which will be expensed simultaneously with the remuneration. The notional cost of options as share-based remuneration is expensed, but the equity effect is nil because the contra item is a notional equity injection of equal amount. In addition, employer\u2019s tax is accrued on the intrinsic value of the option on the balance sheet date.For the shareholders, a possible exercise of share options will represent a dilution. At the end of 2024, the number of outstanding options to senior executives amounted to 8,085,000 corresponding to 7.0% of the share capital. At the end of 2023, the number of outstanding options to senior executives amounted to 11,205,000 corresponding to 10.8% of the share capital. For further details regarding share-based remuneration, see note 18.OPTIONS \ue61d SHARE BASED REMUNERATIONAccumulated Expired/ Average Accumulated Average quantity Granted adjusted Exercised exercise quantity exercise 2024options OBoptions optionsoptionsprice-Aoptions CB price-BSenior ExecutivesUlf Ritsvall, CEO 2,725,000 1,400,000 - - - 4,125,000 6.30Eirik Underthun, CFO 1,750,000 50,000 - -350,000 2.49 1,450,000 5.54Marcus Lauren, CPO 75,000 150,000 - - - 225,000 7.39Digvijay Singh Kanwar, SVP Head of Sales IUEA 200,000 150,000 - - - 350,000 6.35Joshua Chui, SVP Head of Sales South-East Asia 75,000 200,000 - - - 275,000 7.48Peter Heuman, former CEO 5,020,000 - -300,000 -4,720,000 3.99 - -Board of DirectorsOdd Harald Hauge, Chair 200,000 - - - - 200,000 2.49Petter Fjeldstad 1,030,000 - - - - 1,030,000 2.66Emine Lundkvist 230,000 - - - - 230,000 3.27Siri Gomn\u00e6s B\u00f8rsum 200,000 - - - - 200,000 4.89Total 11,505,000 1,950,000 -300,000 -5,070,000 8,085,000Accumulated Expired/ Average Accumulated Average quantity Granted adjusted Exercised exercise quantity exercise 2023options OBoptions optionsoptionsprice-Aoptions CB price-BSenior ExecutivesUlf Ritsvall, CEO 1,900,000 825,000 - - - 2,725,000 5.53Eirik Underthun, CFO 1,500,000 250,000 - - - 1,750,000 4.86Marcus Lauren, CPO - 75,000 - - - 75,000 6.46Digvijay Singh Kanwar, SVP Head of Sales IUEA 100,000 100,000 - - - 200,000 5.21Joshua Chui, SVP Head of Sales South-East Asia - 75,000 - - - 75,000 6.46Peter Heuman, former CEO 4,720,000 300,000 - - - 5,020,000 4.11Board of DirectorsPetter Fjeldstad, Chair 1,030,000 - - - - 1,030,000 2.66Odd Harald Hauge 200,000 - - - - 200,000 2.49Emine Lundkvist 230,000 - - - - 230,000 3.27Siri Gomn\u00e6s B\u00f8rsum 200,000 - - - - 200,000 4.89Total 9,880,000 1,625,000 - - 11,505,000A Average exercise price for options exercised during the financial year (amounts in NOK)B Average exercise price for quantity of options by the end of the financial year (amounts in NOK)", "dimensions": { "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__40-1": { "value": "NOTE 4 Payroll expenses(amounts in NOK 1,000) 2024 2023Salaries, fees -26,169 -26,507Share based remuneration (salary part) -2,776 -5,729Share based remuneration (employer's tax) 1,637 -4,611Social security taxes -3,600 -3,515Pension contribution -652 -804Other personnel expenses -1,231 -1,204Total payroll expenses -32,791 -42,370Average numbers of employees 23 24The cost for share based remuneration (employer's tax) was negative NOK 1.6 million in 2024 compared to a cost of NOK 4.6 million in 2023. The negative cost in 2024 is due to reduction in the liability for share option social security tax mainly triggered by a reduction in the Group's stock price price and lowered social security cost for future periods from 19.1% to 14.1%. Please refer to note 18 for further information on the Group's option program. The Group employed an average number of employees of 23. In addition, the company has 15 contractors who are working for the company on a part time or full time basis.The parent company, NEXT Biometrics Group ASA, provides a contribution-based pension insurance scheme for all employees. The scheme satisfies the mandatory service pension (\u2018OTP\u2019) in Norway. NEXT Biometrics Inc has a 401-K plan for its employees, which allows employees to save for retirement with pre-tax funds. The company currently does not contribute to this plan but pays for its administration. NEXT Biometrics Taiwan Ltd offers an employee pension plan with an annual contribution of 6% of the salary, but capped at TWD 9,000 per month per employee (NOK 3,100 per month). NEXT Biometrics China Ltd and NEXT Biometrics Solutions Pvt Ltd have no local pension plans.Termination benefits\ue61eTermination benefits are payable when the employment is terminated by the Group before the normal retirement date or when an employee accepts voluntary redundancy in exchange for these benefits. The Group recognizes termination benefits when the Group can no longer withdraw the offer.NOTE 19 Remuneration key personnel and audit feesACTUAL REMUNERATION \ue61d SENIOR EXECUTIVESBoard Fair value Total 2024 (amounts in NOK 1,000)remuneration Salary Bonus Other benefits Pension costgranted options *remunerationSenior ExecutivesUlf Ritsvall, CEO - 2,960 1,509 65 - 1,939 6,472 Eirik Underthun, CFO - 2,010 - 5 181 291 2,487 Marcus Lauren, CPO - 2,253 - - - 111 2,364 Digvijay Singh Kanwar, SVP Head of Sales IUEA - 991 904 - - 206 2,100 Joshua Chui, SVP Head of Sales South-East Asia - 1,880 1,347 - - 136 3,363 1Peter Heuman, former CEO- 87 - - 5 -148 -56 Board of DirectorsOdd Harald Hauge, Chair 200 - - - - - 200 Petter Fjeldstad 500 - - - - - 500 Emine Lundkvist 200 - - - - - 200 Siri Gomn\u00e6s B\u00f8rsum 200 - - - - - 200 Nomination CommitteeJon Frode Vaksvik, Chair 30 - - - - - 30 Haakon S\u00e6ter 20 - - - - - 20 Hans-Herman Horn 20 - - - - - 20 Total remuneration 1,170 10,181 3,760 70 186 2,535 17,900* Fair value of granted options is equal to expensed share option remuneration for the year, which is based on fair value at grant date and vesting period (see note 2 for further information).Board remuneration reported above is based on paid-out amounts.\ue61b Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 to 16 May 2024 Peter Heuman was advisor to the CEO and board of directors.ACTUAL REMUNERATION\ue61dSENIOR EXECUTIVESBoard Fair value Total 2023 (amounts in NOK 1,000)remuneration Salary Bonus Other benefits Pension costgranted options *remunerationSenior Executives2Ulf Ritsvall, CEO- 2,130 100 19 - 1,650 3,900Eirik Underthun, CFO - 1,878 100 4 172 862 3,0163Marcus Lauren, CPO- 418 - - - 11 429Digvijay Singh Kanwar, SVP Head 4of Sales IUEA- 684 82 - - 127 893Joshua Chui, SVP Head of Sales 5South-East Asia- 313 - - - 11 3256Peter Heuman, former CEO- 3,186 - 3 131 1,783 5,103Board of DirectorsPetter Fjeldstad, Chair 500 - - - - - 500Odd Harald Haug 200 - - - - - 200Emine Lundkvist 200 - - - - - 200Siri Gomn\u00e6s B\u00f8rsum 200 - - - - 73 273Nomination CommitteeJon Frode Vaksvik, Chair 30 - - - - - 30Haakon S\u00e6ter 20 - - - - - 20Hans-Herman Horn 20 - - - - - 20Total remuneration 1,170 8,610 282 27 303 4,518 14,909\ue61d Ulf Ritsvall was promoted to NEXT Biometrics Group CEO effective from 1 October 2023. Ulf Ritsvall previously was NEXT SVP Sales and Marketing.\ue61a Marcus Lauren was hired as Chief Product Officer effective from 1 November 2023. \ue61c Digvijay Singh Kanwar was promoted to SVP Head of Sales IUEA effective from 1 November 2023.\ue619 Joshua Chui was hired as VP Head of Sales South-East Asia effective from 1 November 2023.\ue618 Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 Peter Heuman was advisor to the CEO and board of directors.CEO remunerationUlf Ritsvall (CEO) has a salary of NOK 2.6 million per year. In addition, he is part of the Company\u2019s option plan and the bonus program, which provides annual bonuses based upon the achievement of performance objectives established by the company. Further, the CEO is entitled to a pension benefit of 15% of annual base salary. Ulf Ritsvall was awarded and paid a bonus in 2023, while no bonus was paid out during 2024. During 2023 and 2024, the company also paid pension benefits as salary, which is reported under salary in the tables above.Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 to 16 May 2024 Peter Heuman was engaged as an advisor to the CEO and board of directors. When engaged as CEO during 2023, Peter Heuman had a base salary of NOK 3.0 million per year and 15% of annual salary in pension benefits. In addition, he participated in the Company\u2019s option plan and the bonus program, which provides annual bonuses based upon the achievement of performance objectives established by the company. Peter Heuman was awarded a bonus in 2023 and the company also paid pension benefits as salary for the amount in excess of the company\u2019s standard pension contribution for 2023, which is reported under salary in the tables above.SeveranceUlf Ritsvall (CEO) has a severance agreement whereby he will receive 100% pay for 6 months for termination by the Company without cause.Loans and guarantees for senior executivesThe Company has not made any advance payments or issued loans to, or guarantees in favor of, any senior executives or members of the board as per 31 December 2024. Share based remunerationShare-based payments are equity-settled share options granted to employees, contractors and members of the board of directors. The options are charged against the income statements at their fair value over the vesting period, with a corresponding increase in equity. The fair value of share-based options is determined using the Black-Scholes option-pricing model. The social security contribution payable in connection with the exercise of the share options is accrued on a straight-line basis as current liabilities, based on the intrinsic value of the share options at the end of each accounting period with consequent charges to the payroll expenses. Share-based remuneration and option social security costs related to employees and members of the board are charged as payroll expenses, while costs related to contractors are charged as other operating expenses.Salary, pension and any bonuses will attract employer\u2019s tax, which will be expensed simultaneously with the remuneration. The notional cost of options as share-based remuneration is expensed, but the equity effect is nil because the contra item is a notional equity injection of equal amount. In addition, employer\u2019s tax is accrued on the intrinsic value of the option on the balance sheet date.For the shareholders, a possible exercise of share options will represent a dilution. At the end of 2024, the number of outstanding options to senior executives amounted to 8,085,000 corresponding to 7.0% of the share capital. At the end of 2023, the number of outstanding options to senior executives amounted to 11,205,000 corresponding to 10.8% of the share capital. For further details regarding share-based remuneration, see note 18.OPTIONS \ue61d SHARE BASED REMUNERATIONAccumulated Expired/ Average Accumulated Average quantity Granted adjusted Exercised exercise quantity exercise 2024options OBoptions optionsoptionsprice-Aoptions CB price-BSenior ExecutivesUlf Ritsvall, CEO 2,725,000 1,400,000 - - - 4,125,000 6.30Eirik Underthun, CFO 1,750,000 50,000 - -350,000 2.49 1,450,000 5.54Marcus Lauren, CPO 75,000 150,000 - - - 225,000 7.39Digvijay Singh Kanwar, SVP Head of Sales IUEA 200,000 150,000 - - - 350,000 6.35Joshua Chui, SVP Head of Sales South-East Asia 75,000 200,000 - - - 275,000 7.48Peter Heuman, former CEO 5,020,000 - -300,000 -4,720,000 3.99 - -Board of DirectorsOdd Harald Hauge, Chair 200,000 - - - - 200,000 2.49Petter Fjeldstad 1,030,000 - - - - 1,030,000 2.66Emine Lundkvist 230,000 - - - - 230,000 3.27Siri Gomn\u00e6s B\u00f8rsum 200,000 - - - - 200,000 4.89Total 11,505,000 1,950,000 -300,000 -5,070,000 8,085,000Accumulated Expired/ Average Accumulated Average quantity Granted adjusted Exercised exercise quantity exercise 2023options OBoptions optionsoptionsprice-Aoptions CB price-BSenior ExecutivesUlf Ritsvall, CEO 1,900,000 825,000 - - - 2,725,000 5.53Eirik Underthun, CFO 1,500,000 250,000 - - - 1,750,000 4.86Marcus Lauren, CPO - 75,000 - - - 75,000 6.46Digvijay Singh Kanwar, SVP Head of Sales IUEA 100,000 100,000 - - - 200,000 5.21Joshua Chui, SVP Head of Sales South-East Asia - 75,000 - - - 75,000 6.46Peter Heuman, former CEO 4,720,000 300,000 - - - 5,020,000 4.11Board of DirectorsPetter Fjeldstad, Chair 1,030,000 - - - - 1,030,000 2.66Odd Harald Hauge 200,000 - - - - 200,000 2.49Emine Lundkvist 230,000 - - - - 230,000 3.27Siri Gomn\u00e6s B\u00f8rsum 200,000 - - - - 200,000 4.89Total 9,880,000 1,625,000 - - 11,505,000A Average exercise price for options exercised during the financial year (amounts in NOK)B Average exercise price for quantity of options by the end of the financial year (amounts in NOK)", "dimensions": { "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__42": { "value": "Termination benefits\ue61eTermination benefits are payable when the employment is terminated by the Group before the normal retirement date or when an employee accepts voluntary redundancy in exchange for these benefits. The Group recognizes termination benefits when the Group can no longer withdraw the offer.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__48": { "value": "NOTE 5 Other operating expenses(amounts in NOK 1,000) 2024 2023Product and marketing costs -6,795 -5,225Sales and marketing incentive fees -3,631 -Business services costs -18,084 -9,841R&D costs -4,173 -2,600R&D and government grants1 1,848 1,754Fees to contractors, auditors, lawyers and others\ue61d -5,382 -4,331Allowance for expected credit loss -7,315 -462Other expenses3 -3,057 -2,345Share based remuneration (operating part)\ue61c -452 -167Total other operating expenses -47,041 -23,218The Group\u2019s business service costs increased from NOK 9.8 million in 2023 to NOK 18.1 million in 2024 largely due to transfer of personnel from hired employees to contractors, increased number of contractors in the areas of sales, product and marketing as well as due to higher sales incentive bonuses and travel activity.1 R&D grants and other government grants are related to Skattefunn grants in 2023/2024.2 Fees to contractors, auditors, lawyers refers to amounts paid the company\u2019s contractors and service providers who are working for the company on a part time or full time basis.3 Other expenses include software expenses, IT cost, insurance fees, non deductable VAT and stock exchange related fees. \ue61c Share based remuneration (operating part) refers to share options granted to contractors (see note 18 for further information).", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__47-1": { "value": "NOTE 5 Other operating expenses(amounts in NOK 1,000) 2024 2023Product and marketing costs -6,795 -5,225Sales and marketing incentive fees -3,631 -Business services costs -18,084 -9,841R&D costs -4,173 -2,600R&D and government grants1 1,848 1,754Fees to contractors, auditors, lawyers and others\ue61d -5,382 -4,331Allowance for expected credit loss -7,315 -462Other expenses3 -3,057 -2,345Share based remuneration (operating part)\ue61c -452 -167Total other operating expenses -47,041 -23,218The Group\u2019s business service costs increased from NOK 9.8 million in 2023 to NOK 18.1 million in 2024 largely due to transfer of personnel from hired employees to contractors, increased number of contractors in the areas of sales, product and marketing as well as due to higher sales incentive bonuses and travel activity.1 R&D grants and other government grants are related to Skattefunn grants in 2023/2024.2 Fees to contractors, auditors, lawyers refers to amounts paid the company\u2019s contractors and service providers who are working for the company on a part time or full time basis.3 Other expenses include software expenses, IT cost, insurance fees, non deductable VAT and stock exchange related fees. \ue61c Share based remuneration (operating part) refers to share options granted to contractors (see note 18 for further information).NOTE 6 Research and development costCost related to research and development is only recognized on projects we are confident will amount to either a new product or a substantially improved existing product. In general, research costs are expensed when incurred. Research expenditures is only capitalized when research and development cost can be measured reliably and confidently. Internal and external research and development performed in 2024 do not meet the Group\u2019s capitalization criteria. The reported research and development (R&D) costsincludes external project costs for work and material purchased from various companies and institutions. The payroll cost of R&D staff is included in payroll, and any capitalization reported as a credit on a separate line. The major parts of the R&D costs are related to development and substantial improvementof the sensor technology as well as production trials and pilot production of new sensor modules.Expensed R&D costs for the Group amounted to NOK 10.7 million in 2024 (2023: NOK 9.0 million), of which NOK 6.5 million (2023: NOK 6.4 million) is presented in payroll expenses and NOK 4.2 million (2023: NOK 2.6 million) in other operating expenses.Government grantsGovernment grants are recognized when there is reasonable assurance that the grant will be received, and all attaching conditions will be complied with. When the grant relates to an expense item, it is recognized as a reduction in expense. When the grant can be viewed as payment for a deliverable or performance of service, it is recognized as other revenue.The subsidiary NEXT Biometrics AS\u2019 estimated R&D public grant in connection with SkatteFUNN (Norwegian Government tax deduction for research and development in the innovative business sector) for 2024 is NOK 1.8 million (2023: NOK 1.5 million). The total amount is presented as part of \u201cOther current assets\u201d in the balance sheet and has correspondingly led to a reduction in other operating expenses. The grant is subject to final approval by the tax authorities.", "dimensions": { "concept": "ifrs-full:DisclosureOfResearchAndDevelopmentExpenseExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__46": { "value": "NOTE 5 Other operating expenses(amounts in NOK 1,000) 2024 2023Product and marketing costs -6,795 -5,225Sales and marketing incentive fees -3,631 -Business services costs -18,084 -9,841R&D costs -4,173 -2,600R&D and government grants1 1,848 1,754Fees to contractors, auditors, lawyers and others\ue61d -5,382 -4,331Allowance for expected credit loss -7,315 -462Other expenses3 -3,057 -2,345Share based remuneration (operating part)\ue61c -452 -167Total other operating expenses -47,041 -23,218The Group\u2019s business service costs increased from NOK 9.8 million in 2023 to NOK 18.1 million in 2024 largely due to transfer of personnel from hired employees to contractors, increased number of contractors in the areas of sales, product and marketing as well as due to higher sales incentive bonuses and travel activity.1 R&D grants and other government grants are related to Skattefunn grants in 2023/2024.2 Fees to contractors, auditors, lawyers refers to amounts paid the company\u2019s contractors and service providers who are working for the company on a part time or full time basis.3 Other expenses include software expenses, IT cost, insurance fees, non deductable VAT and stock exchange related fees. \ue61c Share based remuneration (operating part) refers to share options granted to contractors (see note 18 for further information).", "dimensions": { "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__45-1": { "value": "NOTE 5 Other operating expenses(amounts in NOK 1,000) 2024 2023Product and marketing costs -6,795 -5,225Sales and marketing incentive fees -3,631 -Business services costs -18,084 -9,841R&D costs -4,173 -2,600R&D and government grants1 1,848 1,754Fees to contractors, auditors, lawyers and others\ue61d -5,382 -4,331Allowance for expected credit loss -7,315 -462Other expenses3 -3,057 -2,345Share based remuneration (operating part)\ue61c -452 -167Total other operating expenses -47,041 -23,218The Group\u2019s business service costs increased from NOK 9.8 million in 2023 to NOK 18.1 million in 2024 largely due to transfer of personnel from hired employees to contractors, increased number of contractors in the areas of sales, product and marketing as well as due to higher sales incentive bonuses and travel activity.1 R&D grants and other government grants are related to Skattefunn grants in 2023/2024.2 Fees to contractors, auditors, lawyers refers to amounts paid the company\u2019s contractors and service providers who are working for the company on a part time or full time basis.3 Other expenses include software expenses, IT cost, insurance fees, non deductable VAT and stock exchange related fees. \ue61c Share based remuneration (operating part) refers to share options granted to contractors (see note 18 for further information).NOTE 6 Research and development costCost related to research and development is only recognized on projects we are confident will amount to either a new product or a substantially improved existing product. In general, research costs are expensed when incurred. Research expenditures is only capitalized when research and development cost can be measured reliably and confidently. Internal and external research and development performed in 2024 do not meet the Group\u2019s capitalization criteria. The reported research and development (R&D) costsincludes external project costs for work and material purchased from various companies and institutions. The payroll cost of R&D staff is included in payroll, and any capitalization reported as a credit on a separate line. The major parts of the R&D costs are related to development and substantial improvementof the sensor technology as well as production trials and pilot production of new sensor modules.Expensed R&D costs for the Group amounted to NOK 10.7 million in 2024 (2023: NOK 9.0 million), of which NOK 6.5 million (2023: NOK 6.4 million) is presented in payroll expenses and NOK 4.2 million (2023: NOK 2.6 million) in other operating expenses.Government grantsGovernment grants are recognized when there is reasonable assurance that the grant will be received, and all attaching conditions will be complied with. When the grant relates to an expense item, it is recognized as a reduction in expense. When the grant can be viewed as payment for a deliverable or performance of service, it is recognized as other revenue.The subsidiary NEXT Biometrics AS\u2019 estimated R&D public grant in connection with SkatteFUNN (Norwegian Government tax deduction for research and development in the innovative business sector) for 2024 is NOK 1.8 million (2023: NOK 1.5 million). The total amount is presented as part of \u201cOther current assets\u201d in the balance sheet and has correspondingly led to a reduction in other operating expenses. The grant is subject to final approval by the tax authorities.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__44-1": { "value": "NOTE 5 Other operating expenses(amounts in NOK 1,000) 2024 2023Product and marketing costs -6,795 -5,225Sales and marketing incentive fees -3,631 -Business services costs -18,084 -9,841R&D costs -4,173 -2,600R&D and government grants1 1,848 1,754Fees to contractors, auditors, lawyers and others\ue61d -5,382 -4,331Allowance for expected credit loss -7,315 -462Other expenses3 -3,057 -2,345Share based remuneration (operating part)\ue61c -452 -167Total other operating expenses -47,041 -23,218The Group\u2019s business service costs increased from NOK 9.8 million in 2023 to NOK 18.1 million in 2024 largely due to transfer of personnel from hired employees to contractors, increased number of contractors in the areas of sales, product and marketing as well as due to higher sales incentive bonuses and travel activity.1 R&D grants and other government grants are related to Skattefunn grants in 2023/2024.2 Fees to contractors, auditors, lawyers refers to amounts paid the company\u2019s contractors and service providers who are working for the company on a part time or full time basis.3 Other expenses include software expenses, IT cost, insurance fees, non deductable VAT and stock exchange related fees. \ue61c Share based remuneration (operating part) refers to share options granted to contractors (see note 18 for further information).The subsidiary NEXT Biometrics AS\u2019 estimated R&D public grant in connection with SkatteFUNN (Norwegian Government tax deduction for research and development in the innovative business sector) for 2024 is NOK 1.8 million (2023: NOK 1.5 million). The total amount is presented as part of \u201cOther current assets\u201d in the balance sheet and has correspondingly led to a reduction in other operating expenses. The grant is subject to final approval by the tax authorities.", "dimensions": { "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__53": { "value": "Government grantsGovernment grants are recognized when there is reasonable assurance that the grant will be received, and all attaching conditions will be complied with. When the grant relates to an expense item, it is recognized as a reduction in expense. When the grant can be viewed as payment for a deliverable or performance of service, it is recognized as other revenue.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__49": { "value": "The subsidiary NEXT Biometrics AS\u2019 estimated R&D public grant in connection with SkatteFUNN (Norwegian Government tax deduction for research and development in the innovative business sector) for 2024 is NOK 1.8 million (2023: NOK 1.5 million). The total amount is presented as part of \u201cOther current assets\u201d in the balance sheet and has correspondingly led to a reduction in other operating expenses. The grant is subject to final approval by the tax authorities.", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__61": { "value": "NOTE 7 Financial items(amounts in NOK 1,000) 2024 2023Interest income 1,400 1,054Interest income on sub-leases (see note 17) 81 -Total financial income 1,482 1,054Interest expenses -2 -157Interest expenses leases (see note 18) -139 -146Other financial expenses 22 241Total financial expenses -119 -62Realized currency gains (losses) -273 -62Change in unrealized currency gains (losses) -59 -12Net currency gains (losses) -332 -74Net financial items 1,030 918", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__60": { "value": "NOTE 7 Financial items(amounts in NOK 1,000) 2024 2023Interest income 1,400 1,054Interest income on sub-leases (see note 17) 81 -Total financial income 1,482 1,054Interest expenses -2 -157Interest expenses leases (see note 18) -139 -146Other financial expenses 22 241Total financial expenses -119 -62Realized currency gains (losses) -273 -62Change in unrealized currency gains (losses) -59 -12Net currency gains (losses) -332 -74Net financial items 1,030 918", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__59": { "value": "NOTE 7 Financial items(amounts in NOK 1,000) 2024 2023Interest income 1,400 1,054Interest income on sub-leases (see note 17) 81 -Total financial income 1,482 1,054Interest expenses -2 -157Interest expenses leases (see note 18) -139 -146Other financial expenses 22 241Total financial expenses -119 -62Realized currency gains (losses) -273 -62Change in unrealized currency gains (losses) -59 -12Net currency gains (losses) -332 -74Net financial items 1,030 918", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__58": { "value": "NOTE 7 Financial items(amounts in NOK 1,000) 2024 2023Interest income 1,400 1,054Interest income on sub-leases (see note 17) 81 -Total financial income 1,482 1,054Interest expenses -2 -157Interest expenses leases (see note 18) -139 -146Other financial expenses 22 241Total financial expenses -119 -62Realized currency gains (losses) -273 -62Change in unrealized currency gains (losses) -59 -12Net currency gains (losses) -332 -74Net financial items 1,030 918", "dimensions": { "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__57": { "value": "NOTE 7 Financial items(amounts in NOK 1,000) 2024 2023Interest income 1,400 1,054Interest income on sub-leases (see note 17) 81 -Total financial income 1,482 1,054Interest expenses -2 -157Interest expenses leases (see note 18) -139 -146Other financial expenses 22 241Total financial expenses -119 -62Realized currency gains (losses) -273 -62Change in unrealized currency gains (losses) -59 -12Net currency gains (losses) -332 -74Net financial items 1,030 918", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__56": { "value": "NOTE 7 Financial items(amounts in NOK 1,000) 2024 2023Interest income 1,400 1,054Interest income on sub-leases (see note 17) 81 -Total financial income 1,482 1,054Interest expenses -2 -157Interest expenses leases (see note 18) -139 -146Other financial expenses 22 241Total financial expenses -119 -62Realized currency gains (losses) -273 -62Change in unrealized currency gains (losses) -59 -12Net currency gains (losses) -332 -74Net financial items 1,030 918", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__55-1": { "value": "NOTE 7 Financial items(amounts in NOK 1,000) 2024 2023Interest income 1,400 1,054Interest income on sub-leases (see note 17) 81 -Total financial income 1,482 1,054Interest expenses -2 -157Interest expenses leases (see note 18) -139 -146Other financial expenses 22 241Total financial expenses -119 -62Realized currency gains (losses) -273 -62Change in unrealized currency gains (losses) -59 -12Net currency gains (losses) -332 -74Net financial items 1,030 918(amounts in NOK 1,000) 2024 2023Depreciation property right-of-use assets (included in \"Depreciation and amortization\") -2,108 -2,076Interest income (included in \"Financial income\") 81 -Interest expenses (included in \"Financial expenses\") -139 -146Net expenses related to leases -2,166 -2,222", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__54": { "value": "NOTE 7 Financial items(amounts in NOK 1,000) 2024 2023Interest income 1,400 1,054Interest income on sub-leases (see note 17) 81 -Total financial income 1,482 1,054Interest expenses -2 -157Interest expenses leases (see note 18) -139 -146Other financial expenses 22 241Total financial expenses -119 -62Realized currency gains (losses) -273 -62Change in unrealized currency gains (losses) -59 -12Net currency gains (losses) -332 -74Net financial items 1,030 918", "dimensions": { "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__62": { "value": "NOTE 8 Income taxesThe tax expense consists of the tax payable and changes in deferred tax. Deferred tax has been calculated based on the temporary differences between the recorded and tax values, as well as on any tax loss carry-forward at the balance sheet closing date. Any temporary differences increasing or reducing tax that will or may reverse in the same period, have been netted.A deferred tax asset will be recognized when it is probable that the Group will have sufficient profit for tax purposes to utilize the tax asset. At each balance sheet date, the Group reviews its unrecognized deferred tax assets and the value it has recognized. The Group recognizes an unrecognized deferred taxasset to the extent that is has become probable that the Group can utilize the deferred tax asset. Similarly,the Group will reduce its deferred tax asset to the extent that it can no longer utilize it.Deferred tax and deferred tax assets are measured on the basis of the expected future tax rates. Deferred tax assets related to losses carried forward is recognized when it is probable that the loss carriedforward may be utilized. Evaluation of probability is based on historical earnings, expected future margins and the size of the order backlog. Future events may lead to these estimates being changed. Such changes will be recognized when reliable new estimates can be made.The subsidiary NEXT Biometrics AS has applied for R&D public grant funds in connection with SkatteFUNN (Norwegian Government tax deduction for research and development in the innovative business sector) in 2023 and 2024. The amount for 2024 is NOK 1.8 million. Please see note 6 and 14 for further details. (amounts in NOK 1,000) 2024 2023Current taxes (enties located in Norway) - - Current taxes (International subsidiaries*) 197 196Change in deferred taxes (International subsidiaries*) - 38Total income tax expenses 197 234* Subsidiaries in Taiwan, USA, India and ChinaIncome tax expense reconciliation:(amounts in NOK 1,000) 2024 2023Profit (loss) before taxes -45,038 -65,498Expected income tax expenses at Norwegian nominal tax rate (22%) -9,908 -14,410Difference between local tax rates and Norwegian nominal tax rate -336 -72Effect of change in local tax rates - - Tax effect of permanent differences -189 -29Change in deferred tax assets not recognized 10,513 14,417Prior year underaccrual/(overaccrual) of income tax -5 -5,132 Other 123 5,460Actual income tax expenses 197 234Effective tax rate 0% 0%Deferred tax related to the following temporary differences:(amounts in NOK 1,000) 2024 2023Property, plant and equipment -1,801 -2,971Inventories -16,938 -17,200Accounts receivables and other assets -10,133 -2,932Lease liabilities -875 -430Other temporary differences -1,865 -7,193Tax losses carried forward -1,368,912 -1,320,961Total temporay differences and tax losses carried forward -1,400,524 -1,351,686Deferred tax assets (amounts in NOK 1,000) 2024 2023Property, plant and equipment 396 654Inventories 3,726 3,784Accounts receivables and other assets 2,229 645Lease liabilities 192 95Other temporary differences 410 1,614Tax losses carried forward 301,161 290,611Deferred tax assets not recognized -308,115 -297,403Deferred tax assets(-)/liability(+) in the balance sheet - - As of 31 December 2024, NOK 1 369 million (2023: NOK 1 321 million) of tax losses carried forward are related to the Norwegian companies with no limitiations in expiry date.Due to a history of losses, deferred tax assets are not recognized.The following table illustrates the deferred tax balance recognized in the statement of financial position:(amounts in NOK 1,000) 2024 2023Deferred tax assets - -Deferred tax liabilities - - Net deferred taxes as of 31 December - -", "dimensions": { "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__63": { "value": "NOTE 8 Income taxesThe tax expense consists of the tax payable and changes in deferred tax. Deferred tax has been calculated based on the temporary differences between the recorded and tax values, as well as on any tax loss carry-forward at the balance sheet closing date. Any temporary differences increasing or reducing tax that will or may reverse in the same period, have been netted.A deferred tax asset will be recognized when it is probable that the Group will have sufficient profit for tax purposes to utilize the tax asset. At each balance sheet date, the Group reviews its unrecognized deferred tax assets and the value it has recognized. The Group recognizes an unrecognized deferred taxasset to the extent that is has become probable that the Group can utilize the deferred tax asset. Similarly,the Group will reduce its deferred tax asset to the extent that it can no longer utilize it.Deferred tax and deferred tax assets are measured on the basis of the expected future tax rates. Deferred tax assets related to losses carried forward is recognized when it is probable that the loss carriedforward may be utilized. Evaluation of probability is based on historical earnings, expected future margins and the size of the order backlog. Future events may lead to these estimates being changed. Such changes will be recognized when reliable new estimates can be made.The subsidiary NEXT Biometrics AS has applied for R&D public grant funds in connection with SkatteFUNN (Norwegian Government tax deduction for research and development in the innovative business sector) in 2023 and 2024. The amount for 2024 is NOK 1.8 million. Please see note 6 and 14 for further details. (amounts in NOK 1,000) 2024 2023Current taxes (enties located in Norway) - - Current taxes (International subsidiaries*) 197 196Change in deferred taxes (International subsidiaries*) - 38Total income tax expenses 197 234* Subsidiaries in Taiwan, USA, India and ChinaIncome tax expense reconciliation:(amounts in NOK 1,000) 2024 2023Profit (loss) before taxes -45,038 -65,498Expected income tax expenses at Norwegian nominal tax rate (22%) -9,908 -14,410Difference between local tax rates and Norwegian nominal tax rate -336 -72Effect of change in local tax rates - - Tax effect of permanent differences -189 -29Change in deferred tax assets not recognized 10,513 14,417Prior year underaccrual/(overaccrual) of income tax -5 -5,132 Other 123 5,460Actual income tax expenses 197 234Effective tax rate 0% 0%Deferred tax related to the following temporary differences:(amounts in NOK 1,000) 2024 2023Property, plant and equipment -1,801 -2,971Inventories -16,938 -17,200Accounts receivables and other assets -10,133 -2,932Lease liabilities -875 -430Other temporary differences -1,865 -7,193Tax losses carried forward -1,368,912 -1,320,961Total temporay differences and tax losses carried forward -1,400,524 -1,351,686Deferred tax assets (amounts in NOK 1,000) 2024 2023Property, plant and equipment 396 654Inventories 3,726 3,784Accounts receivables and other assets 2,229 645Lease liabilities 192 95Other temporary differences 410 1,614Tax losses carried forward 301,161 290,611Deferred tax assets not recognized -308,115 -297,403Deferred tax assets(-)/liability(+) in the balance sheet - - As of 31 December 2024, NOK 1 369 million (2023: NOK 1 321 million) of tax losses carried forward are related to the Norwegian companies with no limitiations in expiry date.Due to a history of losses, deferred tax assets are not recognized.The following table illustrates the deferred tax balance recognized in the statement of financial position:(amounts in NOK 1,000) 2024 2023Deferred tax assets - -Deferred tax liabilities - - Net deferred taxes as of 31 December - -", "dimensions": { "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__64": { "value": "NOTE 8 Income taxesThe tax expense consists of the tax payable and changes in deferred tax. Deferred tax has been calculated based on the temporary differences between the recorded and tax values, as well as on any tax loss carry-forward at the balance sheet closing date. Any temporary differences increasing or reducing tax that will or may reverse in the same period, have been netted.A deferred tax asset will be recognized when it is probable that the Group will have sufficient profit for tax purposes to utilize the tax asset. At each balance sheet date, the Group reviews its unrecognized deferred tax assets and the value it has recognized. The Group recognizes an unrecognized deferred taxasset to the extent that is has become probable that the Group can utilize the deferred tax asset. Similarly,the Group will reduce its deferred tax asset to the extent that it can no longer utilize it.Deferred tax and deferred tax assets are measured on the basis of the expected future tax rates. Deferred tax assets related to losses carried forward is recognized when it is probable that the loss carriedforward may be utilized. Evaluation of probability is based on historical earnings, expected future margins and the size of the order backlog. Future events may lead to these estimates being changed. Such changes will be recognized when reliable new estimates can be made.The subsidiary NEXT Biometrics AS has applied for R&D public grant funds in connection with SkatteFUNN (Norwegian Government tax deduction for research and development in the innovative business sector) in 2023 and 2024. The amount for 2024 is NOK 1.8 million. Please see note 6 and 14 for further details. (amounts in NOK 1,000) 2024 2023Current taxes (enties located in Norway) - - Current taxes (International subsidiaries*) 197 196Change in deferred taxes (International subsidiaries*) - 38Total income tax expenses 197 234* Subsidiaries in Taiwan, USA, India and ChinaIncome tax expense reconciliation:(amounts in NOK 1,000) 2024 2023Profit (loss) before taxes -45,038 -65,498Expected income tax expenses at Norwegian nominal tax rate (22%) -9,908 -14,410Difference between local tax rates and Norwegian nominal tax rate -336 -72Effect of change in local tax rates - - Tax effect of permanent differences -189 -29Change in deferred tax assets not recognized 10,513 14,417Prior year underaccrual/(overaccrual) of income tax -5 -5,132 Other 123 5,460Actual income tax expenses 197 234Effective tax rate 0% 0%Deferred tax related to the following temporary differences:(amounts in NOK 1,000) 2024 2023Property, plant and equipment -1,801 -2,971Inventories -16,938 -17,200Accounts receivables and other assets -10,133 -2,932Lease liabilities -875 -430Other temporary differences -1,865 -7,193Tax losses carried forward -1,368,912 -1,320,961Total temporay differences and tax losses carried forward -1,400,524 -1,351,686Deferred tax assets (amounts in NOK 1,000) 2024 2023Property, plant and equipment 396 654Inventories 3,726 3,784Accounts receivables and other assets 2,229 645Lease liabilities 192 95Other temporary differences 410 1,614Tax losses carried forward 301,161 290,611Deferred tax assets not recognized -308,115 -297,403Deferred tax assets(-)/liability(+) in the balance sheet - - As of 31 December 2024, NOK 1 369 million (2023: NOK 1 321 million) of tax losses carried forward are related to the Norwegian companies with no limitiations in expiry date.Due to a history of losses, deferred tax assets are not recognized.The following table illustrates the deferred tax balance recognized in the statement of financial position:(amounts in NOK 1,000) 2024 2023Deferred tax assets - -Deferred tax liabilities - - Net deferred taxes as of 31 December - -", "dimensions": { "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__67": { "value": "The tax expense consists of the tax payable and changes in deferred tax. Deferred tax has been calculated based on the temporary differences between the recorded and tax values, as well as on any tax loss carry-forward at the balance sheet closing date. Any temporary differences increasing or reducing tax that will or may reverse in the same period, have been netted.A deferred tax asset will be recognized when it is probable that the Group will have sufficient profit for tax purposes to utilize the tax asset. At each balance sheet date, the Group reviews its unrecognized deferred tax assets and the value it has recognized. The Group recognizes an unrecognized deferred taxasset to the extent that is has become probable that the Group can utilize the deferred tax asset. Similarly,the Group will reduce its deferred tax asset to the extent that it can no longer utilize it.Deferred tax and deferred tax assets are measured on the basis of the expected future tax rates. Deferred tax assets related to losses carried forward is recognized when it is probable that the loss carriedforward may be utilized. Evaluation of probability is based on historical earnings, expected future margins and the size of the order backlog. Future events may lead to these estimates being changed. Such changes will be recognized when reliable new estimates can be made.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__66": { "value": "The tax expense consists of the tax payable and changes in deferred tax. Deferred tax has been calculated based on the temporary differences between the recorded and tax values, as well as on any tax loss carry-forward at the balance sheet closing date. Any temporary differences increasing or reducing tax that will or may reverse in the same period, have been netted.A deferred tax asset will be recognized when it is probable that the Group will have sufficient profit for tax purposes to utilize the tax asset. At each balance sheet date, the Group reviews its unrecognized deferred tax assets and the value it has recognized. The Group recognizes an unrecognized deferred taxasset to the extent that is has become probable that the Group can utilize the deferred tax asset. Similarly,the Group will reduce its deferred tax asset to the extent that it can no longer utilize it.Deferred tax and deferred tax assets are measured on the basis of the expected future tax rates. Deferred tax assets related to losses carried forward is recognized when it is probable that the loss carriedforward may be utilized. Evaluation of probability is based on historical earnings, expected future margins and the size of the order backlog. Future events may lead to these estimates being changed. Such changes will be recognized when reliable new estimates can be made.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__65": { "value": "The tax expense consists of the tax payable and changes in deferred tax. Deferred tax has been calculated based on the temporary differences between the recorded and tax values, as well as on any tax loss carry-forward at the balance sheet closing date. Any temporary differences increasing or reducing tax that will or may reverse in the same period, have been netted.A deferred tax asset will be recognized when it is probable that the Group will have sufficient profit for tax purposes to utilize the tax asset. At each balance sheet date, the Group reviews its unrecognized deferred tax assets and the value it has recognized. The Group recognizes an unrecognized deferred taxasset to the extent that is has become probable that the Group can utilize the deferred tax asset. Similarly,the Group will reduce its deferred tax asset to the extent that it can no longer utilize it.Deferred tax and deferred tax assets are measured on the basis of the expected future tax rates. Deferred tax assets related to losses carried forward is recognized when it is probable that the loss carriedforward may be utilized. Evaluation of probability is based on historical earnings, expected future margins and the size of the order backlog. Future events may lead to these estimates being changed. Such changes will be recognized when reliable new estimates can be made.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__68": { "value": "NOTE 9 Earnings per shareThe calculations of earnings per share attributable to the equity holders of the parent company are based on the following data:(amounts in NOK 1,000) 2024 2023Profit (loss) after taxes (NOK 1,000) -45,235 -65,732Number of shares outstanding as of 1 January 104,024,929 91,980,763New shares issued during the year (see note 19) 5,500,000 12,000,000Excercised incentive options during the year (see note 19) 5,629,606 44,166Number of shares outstanding as of 31 December 115,154,535 104,024,929Weighted average number of shares for the year * 107,219,921 95,151,133Effect of dilution option programmes - -Weighted average number of shares adjusted for effect of dilution 107,219,921 95,151,133Earnings per share, basic and diluted (NOK) -0.42 -0.69", "dimensions": { "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__69": { "value": "NOTE 9 Earnings per shareThe calculations of earnings per share attributable to the equity holders of the parent company are based on the following data:(amounts in NOK 1,000) 2024 2023Profit (loss) after taxes (NOK 1,000) -45,235 -65,732Number of shares outstanding as of 1 January 104,024,929 91,980,763New shares issued during the year (see note 19) 5,500,000 12,000,000Excercised incentive options during the year (see note 19) 5,629,606 44,166Number of shares outstanding as of 31 December 115,154,535 104,024,929Weighted average number of shares for the year * 107,219,921 95,151,133Effect of dilution option programmes - -Weighted average number of shares adjusted for effect of dilution 107,219,921 95,151,133Earnings per share, basic and diluted (NOK) -0.42 -0.69", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__70-1": { "value": "NOTE 10 Intangible assetsIntangible assets mainly consist of the patent and know-how (IP) described as the NEXT Active Thermal\u2122 Sensing principle, internally generated ASIC designs and source code license.(amounts in NOK 1,000) 2024 2023Accumulated cost as of 1 January 30,494 29,779Additions 54 -Disposals at cost - -Translation differences 2,707 715Accumulated cost as of 31 December 33,255 30,494 Accumulated amortization and impairment losses as of 1 January -28,963 -27,200Amortization -762 -1,100Accumulated amortization and impairment losses of disposed items - -Translation differences -2,705 -662Accumulated amortization and impairment losses as of 31 December -32,430 -28,963Carrying amount as of 31 December 825 1,530Amortization period in years (straight line) 3-12 3-12As of 31 December 2024, in carrying amount, there is no internally generated assets, the net book value of intangible assets of NOK 0.8 million (2023: NOK 1.5 million) are separately acquired assets. There are no impairments related to intangible assets in 2024 and 2023.The patent and know-how (IP) is amortized over 12 years (equal to the patent life from initial recognition).NOTE 11 Property, plant and equipment2024 2023Rental Rental agreement agreement (amounts in NOK 1,000) Equipmentassets Total Equipmentassets TotalAccumulated cost as of 1 January 35,765 5,317 41,082 36,097 5,421 41,518Additions 597 4,276 4,873 13 1,066 1,079Disposals at cost -5 -4,755 -4,760 -1,448 -1,270 -2,718Translation differences 2,260 553 2,813 1,103 100 1,203Accumulated cost as of 31 December 38,616 5,392 44,008 35,765 5,317 41,082 Accumulated depreciation and impairment losses as of 1 January -30,871 -3,473 -34,344 -26,629 -2,542 -29,171Depreciation -2,524 -2,108 -4,632 -3,896 -2,076 -5,972Impairment losses - - - -1,139 - -1,139Derecognition of RoU asset due to office lease amendment - -224 -224 - - - Accumulated depreciation and impairment losses of disposed items -5 4,755 4,750 1,448 1,186 2,634Translation differences -2,128 -336 -2,464 -655 -41 -696Accumulated depreciation and impairment -35,528 -1,386 -36,914 -30,871 -3,473 -34,344losses as of 31 DecemberCarrying amount as of 31 December 3,088 4,006 7,094 4,894 1,844 6,738Depreciation period in years (straight line) 3-10 2-4 3-10 2-4As of 31 December 2024, carrying amount of equipment consists of machinery of NOK 3.1 million (2023: NOK 4.8 million) and office equipment of NOK 0 million (2023: NOK 0.1 million). Rental agreement assets represent office leases and amounted to NOK 4.0 million as per 31 December 2024 (2023: NOK 1.8 million). The accumulated cost of equipment primarily relates to the coating machine purchased in 2017 that is located in Taiwan, amounting to NOK 21.2 million. This includes the addition of additional investments NOK 0.6 million in 2024. The remainder of the accumulated equipment cost mainly represents a cutting machine, that has a gross book value of NOK 7.3 million and zero net book value. Please note that these assets have been subject to currency adjustments. There are no impairments related to equipment in 2024 while the Group booked an impairment of NOK 1.1 million in 2023.Additions in 2024 for rental agreement assets were mainly related to new office leases in Norway and USA. See also note 17 for further information regarding leases.(amounts in NOK 1,000) 2024 2023Depreciation property right-of-use assets (included in \"Depreciation and amortization\") -2,108 -2,076Interest income (included in \"Financial income\") 81 -Interest expenses (included in \"Financial expenses\") -139 -146Net expenses related to leases -2,166 -2,222", "dimensions": { "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__71": { "value": "NOTE 10 Intangible assetsIntangible assets mainly consist of the patent and know-how (IP) described as the NEXT Active Thermal\u2122 Sensing principle, internally generated ASIC designs and source code license.(amounts in NOK 1,000) 2024 2023Accumulated cost as of 1 January 30,494 29,779Additions 54 -Disposals at cost - -Translation differences 2,707 715Accumulated cost as of 31 December 33,255 30,494 Accumulated amortization and impairment losses as of 1 January -28,963 -27,200Amortization -762 -1,100Accumulated amortization and impairment losses of disposed items - -Translation differences -2,705 -662Accumulated amortization and impairment losses as of 31 December -32,430 -28,963Carrying amount as of 31 December 825 1,530Amortization period in years (straight line) 3-12 3-12As of 31 December 2024, in carrying amount, there is no internally generated assets, the net book value of intangible assets of NOK 0.8 million (2023: NOK 1.5 million) are separately acquired assets. There are no impairments related to intangible assets in 2024 and 2023.The patent and know-how (IP) is amortized over 12 years (equal to the patent life from initial recognition).", "dimensions": { "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__74-1": { "value": "NOTE 11 Property, plant and equipment2024 2023Rental Rental agreement agreement (amounts in NOK 1,000) Equipmentassets Total Equipmentassets TotalAccumulated cost as of 1 January 35,765 5,317 41,082 36,097 5,421 41,518Additions 597 4,276 4,873 13 1,066 1,079Disposals at cost -5 -4,755 -4,760 -1,448 -1,270 -2,718Translation differences 2,260 553 2,813 1,103 100 1,203Accumulated cost as of 31 December 38,616 5,392 44,008 35,765 5,317 41,082 Accumulated depreciation and impairment losses as of 1 January -30,871 -3,473 -34,344 -26,629 -2,542 -29,171Depreciation -2,524 -2,108 -4,632 -3,896 -2,076 -5,972Impairment losses - - - -1,139 - -1,139Derecognition of RoU asset due to office lease amendment - -224 -224 - - - Accumulated depreciation and impairment losses of disposed items -5 4,755 4,750 1,448 1,186 2,634Translation differences -2,128 -336 -2,464 -655 -41 -696Accumulated depreciation and impairment -35,528 -1,386 -36,914 -30,871 -3,473 -34,344losses as of 31 DecemberCarrying amount as of 31 December 3,088 4,006 7,094 4,894 1,844 6,738Depreciation period in years (straight line) 3-10 2-4 3-10 2-4As of 31 December 2024, carrying amount of equipment consists of machinery of NOK 3.1 million (2023: NOK 4.8 million) and office equipment of NOK 0 million (2023: NOK 0.1 million). Rental agreement assets represent office leases and amounted to NOK 4.0 million as per 31 December 2024 (2023: NOK 1.8 million). The accumulated cost of equipment primarily relates to the coating machine purchased in 2017 that is located in Taiwan, amounting to NOK 21.2 million. This includes the addition of additional investments NOK 0.6 million in 2024. The remainder of the accumulated equipment cost mainly represents a cutting machine, that has a gross book value of NOK 7.3 million and zero net book value. Please note that these assets have been subject to currency adjustments. There are no impairments related to equipment in 2024 while the Group booked an impairment of NOK 1.1 million in 2023.Additions in 2024 for rental agreement assets were mainly related to new office leases in Norway and USA. See also note 17 for further information regarding leases.NOTE 17 LeasesThe table below shows the amounts related to leases recognized in the statement of financial position:(amounts in NOK 1,000) 2024 2023Property-office leases (included in \"Property, plant and equipment\") 4,006 1,844Total right-of-use assets 4,006 1,844Non-current lease liabilities 2,244 194Current lease liabilities 1,843 1,745Total lease liabilities 4,087 1,940See note 11 for more information regarding right-of-use assets. As per 31 December 2024, the Group has office lease agreements in Norway, China, USA and Taiwan. The individual lease terms for the Group\u2019s office leases are generally 2-3 years including extension periods at inception of the lease period. The group\u2019s office leases in Norway and USA were renewed in 2024. The subsidiary in China entered into a new one-year office lease in 2024. In accordance with IFRS 16 regulations, the lease in China is not recognized as a right-of-use asset. Instead, it is directly recorded as an operating expense.The table below shows the amounts related to leases recognized in the statement of comprehensive income:(amounts in NOK 1,000) 2024 2023Depreciation property right-of-use assets (included in \"Depreciation and amortization\") -2,108 -2,076Interest income (included in \"Financial income\") 81 -Interest expenses (included in \"Financial expenses\") -139 -146Net expenses related to leases -2,166 -2,222The table below shows a reconciliation of the opening and closing balance for lease liabilities arising from financing activities:(amounts in NOK 1,000) 2024 2023Opening balance 1,940 2,966Changes from financing cash flows -2,017 -2,078Changes in lease liabilities due to new/amended lease agreements or CPI adjustments 4,002 986Other changes 22 -46Translation differences 140 113Closing balance as of 31 December 4,087 1,940 The total cash outflow for leases in 2024 was NOK 2.0 million (2023: NOK 2.1 million). The table below shows the maturity profile for the lease liabilities based on contractual undisocunted payments:(amounts in NOK 1,000) 2024 2023Within one year 1,843 1,745More than 1 year but within 5 years 2,447 194After 5 years - -Total contractual cash flows related to leases 4,290 1,940 Leasing\ue61eagreementsCurrently, the Group\u2019s only leases are office leases. The intial fixed lease period for the office leases are generally 1-4 years at inception of the individual leases. Currently, no office lease extension options have been recognized. The Group recognizes the office lease liability and a corresponding office right-of-use asset at the commencement date of thelease. Lease liabilities are measured at the present value of the remaining lease payments not paid at the commencement date. The lease payments are discounted using the lessee\u2019s interest rate implicit in the lease, or incremental borrowing rate when the interest rate implicit in the lease cannot be readily determined. Lease payments consists of the following elements: fixed payments, variable lease payment that are based on an index or a rate, amounts expected to be payable by the lessee under residual value guarantees, the exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and payments of penalties for terminating the lease if the lease term reflects the lessee exercising that option. A corresponding asset representing the right to use the underlying asset during the lease term (right-of-use asset) is recognized, adjusted for prepayments done before commencement date, and initial direct costs and restoration costs if any. The right-of-use-asset is depreciated over the lease term and the depreciation expense is recognized as an operating expense. Interest expense on the lease liability is recognized as a financial expense.Lease contracts entered with a duration of less than 12 months and leases with a low value will not be recognized in the statement of financial position but recognized as an operating expense over the lease period. Lease liabilities will be remeasured upon the occurrence of certain events (e.g., a change in the lease term, a change in future lease payments resulting from a change in an index or rate used to determine those payments), which generally will be recognized as an adjustment to the right-of-use asset.NOTE 18", "dimensions": { "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__73-1": { "value": "There are no impairments related to equipment in 2024 while the Group booked an impairment of NOK 1.1 million in 2023.The Group recognizes loss allowances on account receivables measured at amortized cost. None of the account receivables contain a significant financing component and the time value of money will not need to be considered as it is insignificant. The Group has few, but large customers. The Group considers reasonable and supportable information that is relevant and available when estimating loss allowance. This includes both quantitative and qualitative information and analysis of each customer and their domicile. The provision is based on individual assessment of each customer after thorough evaluations and discussions with each respective customer, as well as past experience.", "dimensions": { "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__75": { "value": "NOTE 12 Inventories(amounts in NOK 1,000) 2024 2023Raw material, consumables and supplies 9,382 17,143 Work in progress 2,790 2,367 Finished products 5,500 3,615 Total inventories 17,672 23,126 Cost of materials is defined as cost of materials and production service expenses.Cost of materials includes net write-downs of inventories. In 2024, write-downs on inventories was NOK 0.36 million while the write-down of inventories was NOK 4.04 million in 2023.", "dimensions": { "concept": "ifrs-full:DisclosureOfInventoriesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__82": { "value": "NOTE 13 Accounts receivables(amounts in NOK 1,000) 2024 2023Accounts receivables-gross 67,424 15,269 Accounts receivables-loss allowance -10,669 -2,966Total accounts receivables as of 31 December 56,754 12,303 (amounts in NOK 1,000) 2024 2023Not due 10,673 11,531 30-90 days overdue 23,729 - 90-120 days overdue - - 120-180 days overdue 15,520 690 180+ days overdue 6,832 81 Total accounts receivables as of 31 December 56,754 12,303 The total credit loss allowance provision was NOK 10.7 million as per year end 2024 (2023: NOK 3 million), representing 15.8% (2023: 19.4%) of the total gross value of accounts reveivables. Of the provision of NOK 10.7 million, NOK 3.3 million is related to a disputed claim relating to a product shipment from 2020.During 2024 the amount of significant overdue receivables has increased. For the account receivables outstanding as per 31 December 2024, the Group is expecting collect approximately 50% of the net account receivables in the first half of the year and the remaining portion in the second half of 2025. The Group has few, but large customers. The provision is based on individual assessment of each customer after thorough evaluations and discussions with each respective customer. ACCOUNTS RECEIVABLES AND OTHER FINANCIAL ASSETS Initial recognition and measurement Account receivables are initially recognized when they are originated. An account receivable without a significant financing component is initially measured at the transaction price.Accounts receivable loss allowance The Group recognizes loss allowances on account receivables measured at amortized cost. None of the account receivables contain a significant financing component and the time value of money will not need to be considered as it is insignificant. The Group has few, but large customers. The Group considers reasonable and supportable information that is relevant and available when estimating loss allowance. This includes both quantitative and qualitative information and analysis of each customer and their domicile. The provision is based on individual assessment of each customer after thorough evaluations and discussions with each respective customer, as well as past experience. The Group has a limited operating history with several of its major customers, which makes it more challenging to establish expected credit loss estimates for these receivables. This fact, together with the significant amount of trade receivables overdue at year-end 2024, makes estimated ECL a critical estimate. Account receivables write-off The gross carrying amount of a account receivables is written off when the Group has no reasonable expectations of recovering it in its entirety or a portion thereof.", "dimensions": { "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__76": { "value": "NOTE 13 Accounts receivables(amounts in NOK 1,000) 2024 2023Accounts receivables-gross 67,424 15,269 Accounts receivables-loss allowance -10,669 -2,966Total accounts receivables as of 31 December 56,754 12,303 (amounts in NOK 1,000) 2024 2023Not due 10,673 11,531 30-90 days overdue 23,729 - 90-120 days overdue - - 120-180 days overdue 15,520 690 180+ days overdue 6,832 81 Total accounts receivables as of 31 December 56,754 12,303 The total credit loss allowance provision was NOK 10.7 million as per year end 2024 (2023: NOK 3 million), representing 15.8% (2023: 19.4%) of the total gross value of accounts reveivables. Of the provision of NOK 10.7 million, NOK 3.3 million is related to a disputed claim relating to a product shipment from 2020.During 2024 the amount of significant overdue receivables has increased. For the account receivables outstanding as per 31 December 2024, the Group is expecting collect approximately 50% of the net account receivables in the first half of the year and the remaining portion in the second half of 2025. The Group has few, but large customers. The provision is based on individual assessment of each customer after thorough evaluations and discussions with each respective customer. ACCOUNTS RECEIVABLES AND OTHER FINANCIAL ASSETS Initial recognition and measurement Account receivables are initially recognized when they are originated. An account receivable without a significant financing component is initially measured at the transaction price.Accounts receivable loss allowance The Group recognizes loss allowances on account receivables measured at amortized cost. None of the account receivables contain a significant financing component and the time value of money will not need to be considered as it is insignificant. The Group has few, but large customers. The Group considers reasonable and supportable information that is relevant and available when estimating loss allowance. This includes both quantitative and qualitative information and analysis of each customer and their domicile. The provision is based on individual assessment of each customer after thorough evaluations and discussions with each respective customer, as well as past experience. The Group has a limited operating history with several of its major customers, which makes it more challenging to establish expected credit loss estimates for these receivables. This fact, together with the significant amount of trade receivables overdue at year-end 2024, makes estimated ECL a critical estimate. Account receivables write-off The gross carrying amount of a account receivables is written off when the Group has no reasonable expectations of recovering it in its entirety or a portion thereof.", "dimensions": { "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__77": { "value": "Initial recognition and measurement Account receivables are initially recognized when they are originated. An account receivable without a significant financing component is initially measured at the transaction price.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__78": { "value": "Accounts receivable loss allowance The Group recognizes loss allowances on account receivables measured at amortized cost. None of the account receivables contain a significant financing component and the time value of money will not need to be considered as it is insignificant. The Group has few, but large customers. The Group considers reasonable and supportable information that is relevant and available when estimating loss allowance. This includes both quantitative and qualitative information and analysis of each customer and their domicile. The provision is based on individual assessment of each customer after thorough evaluations and discussions with each respective customer, as well as past experience.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__81": { "value": "The Group recognizes loss allowances on account receivables measured at amortized cost. None of the account receivables contain a significant financing component and the time value of money will not need to be considered as it is insignificant. The Group has few, but large customers. The Group considers reasonable and supportable information that is relevant and available when estimating loss allowance. This includes both quantitative and qualitative information and analysis of each customer and their domicile. The provision is based on individual assessment of each customer after thorough evaluations and discussions with each respective customer, as well as past experience. The Group has a limited operating history with several of its major customers, which makes it more challenging to establish expected credit loss estimates for these receivables. This fact, together with the significant amount of trade receivables overdue at year-end 2024, makes estimated ECL a critical estimate.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__84": { "value": "NOTE 14 Other current assets(amounts in NOK 1,000) 2024 2023Prepayments 3,073 2,564 Government grants (see note 6) 1,776 1,527 Deposits 376 320 Income taxes and other taxes receivables 758 359 Other receivables 1,155 2,680 Total other current assets as of 31 December 7,138 7,451", "dimensions": { "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__83": { "value": "NOTE 14 Other current assets(amounts in NOK 1,000) 2024 2023Prepayments 3,073 2,564 Government grants (see note 6) 1,776 1,527 Deposits 376 320 Income taxes and other taxes receivables 758 359 Other receivables 1,155 2,680 Total other current assets as of 31 December 7,138 7,451", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__87": { "value": "NOTE 15 CashCash include cash in hand, deposits held at call with banks and bank deposits related to employee withholding tax (restricted funds).(amounts in NOK 1,000) 2024 2023Cash-unrestricted 62,615 67,332 Cash-employee withholding tax deposits 293 422 Total cash 62,907 67,75 3", "dimensions": { "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__85-1": { "value": "NOTE 15 CashCash include cash in hand, deposits held at call with banks and bank deposits related to employee withholding tax (restricted funds).(amounts in NOK 1,000) 2024 2023Cash-unrestricted 62,615 67,332 Cash-employee withholding tax deposits 293 422 Total cash 62,907 67,75 3Capital resourcesNEXT manages its liquidity passively, which means that funds are placed in floating-interest bank accounts. The majority of cash is held in Norwegian kroner at parent company level and is distributed when appropriate to the affiliates. This is both to have control of the overall liquidity situation and to manage expense levels in the affiliates. NEXT has no interest bearing debt by the end of 2024.NEXT targets to have an equity ratio above 80%,", "dimensions": { "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__86": { "value": "Cash include cash in hand, deposits held at call with banks and bank deposits related to employee withholding tax (restricted funds).", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__89-1": { "value": "NOTE 16 Other current liabilities(amounts in NOK 1,000) 2024 2023Accrued salary, vacation pay and board remuneration 3,405 1,863 Public duties payable 1,244 1,504 Share options social security tax 1,880 6,225 Other current liabilities 11,915 7,001 Total other current liabilities 18,444 16,594 Total other current liabilities was NOK 18.4 million as per 31 December 2024 compared to NOK 16.6 million as per 31 December 2023. The liability for share option social security tax was reduced in 2024 due to payment of options social security tax during the year (as a result of options exercised in 2024) and a reduction of the company\u2019s stock price during 2024. Other current liabilities was NOK 11.9 million as per 31 December 2024, of which NOK 5.3 million mainly relates to uninvoiced goods and services that has been received by the group while NOK 3.6 million relates to accrued sales and marketing incentive fees.The Group has entered into a contract with an external party targeting to reach certain sales targets in China. Upon reaching certain milestones, performance fees are due to the external partner. The sales and marketing fees liability estimate is based on an assessment of progress of the achivement of milestones as per 31 December 2024 and when such milestones are expected to be fulfilled. The accrued liability for marketing incentive fees is NOK 3.6 million as per 31 December 2024. The Group may elect to settle the liability in cash or in NEXT Biometrics Group ASA shares at its own discretion. In 2024 the Group sold 50% of shares the subsidiary in China (NEXT China) at zero cost to the external party. A certain part of shares in NEXT China is transferred back to NEXT Biometrics AS at zero cost when each individual milestone is fulfilled and settled as a part of the arrangement with the external party. Hence, the Group will control 100% of shares inNEXT China when all milestones have been fulfilled. Alternatively, all remaining shares in the subsidiary will be transferred to the Group once the agreement has expired and some or none of the milestones have been fulfilled. The agreement with the external party also covers governance and operations during the joint ownership period whereby the Group will control the operations of NEXT China even when the Group has a 50% shareholding. In 2020, NEXT provided biometric products to a former client. The client failed to meet the agreed-upon payments, leading NEXT to decide to pursue these payments through the courts, citing a breach of contract. The arbitration court proceedings are ongoing. The book value of the NEXT receivable relating to this claim is zero as per 31 December 2024. In 2024, the former client countersued NEXT for breach of contract and is seeking damages from NEXT. NEXT\u2019s management, in consultation withits legal advisors, considers this countersuit to be without merit and with an extremely low likelihood of succeeding. As such, in accordance with IAS 37, no provision has been recognized for this potential liability in the financial statements as of 31 December 2024.For financial liabilities at amortised cost, the carrying amount is assessed to be a reasonable approximation of fair value. All items above are at amortised cost or nominal value.ProvisionsProvisions are recognized when, and only when, the Group has a valid liability (legal or constructive) as a result of events that have taken place and it is more probable than not that a financial settlement will take place as a result of the event(s), and the size of the amount can be measured reliably. Provisions are reviewed on each balance sheet date and their level reflects the best estimate of the liability. When the effect of time is insignificant, the provisions will be equal to the size of the expense necessary to be free of the liability. When the effect of time is significant, the provisions will amount to the present value of future payments to cover the liability. Any increase in the provisions due to time is recorded as other financial expenses.Contingent liabilities and assetsContingent liabilities are possible obligations resulting from past events which existence depends on future events; obligations that are not recognized because it is not probable that they will lead to an outflow of resources; and obligations that cannot be measured with sufficient reliability. Contingent liabilities are not recognized in the annual financial statements but will be disclosed in the notes if applicable. A contingent asset is not recognized in the annual financial statements but is disclosed in the notes if there is a degree of probability that a benefit will accrue to the Group.Equity ratio 2024 2023Total equity 118,857 94,351Total assets 152,390 118,900Equity share 78% 79%Capital resources 2024 2023Current liabilities 31,289 24,355Non-current liabilities 2,244 194Less cash -62,907 -67,753Net debt (net cash) -29,374 -43,204Total equity 118,857 94,351Total capital resources 89,482 51,147Gearing ratio (%) \u201333% -84%", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__88": { "value": "NOTE 16 Other current liabilities(amounts in NOK 1,000) 2024 2023Accrued salary, vacation pay and board remuneration 3,405 1,863 Public duties payable 1,244 1,504 Share options social security tax 1,880 6,225 Other current liabilities 11,915 7,001 Total other current liabilities 18,444 16,594 Total other current liabilities was NOK 18.4 million as per 31 December 2024 compared to NOK 16.6 million as per 31 December 2023. The liability for share option social security tax was reduced in 2024 due to payment of options social security tax during the year (as a result of options exercised in 2024) and a reduction of the company\u2019s stock price during 2024. Other current liabilities was NOK 11.9 million as per 31 December 2024, of which NOK 5.3 million mainly relates to uninvoiced goods and services that has been received by the group while NOK 3.6 million relates to accrued sales and marketing incentive fees.The Group has entered into a contract with an external party targeting to reach certain sales targets in China. Upon reaching certain milestones, performance fees are due to the external partner. The sales and marketing fees liability estimate is based on an assessment of progress of the achivement of milestones as per 31 December 2024 and when such milestones are expected to be fulfilled. The accrued liability for marketing incentive fees is NOK 3.6 million as per 31 December 2024. The Group may elect to settle the liability in cash or in NEXT Biometrics Group ASA shares at its own discretion. In 2024 the Group sold 50% of shares the subsidiary in China (NEXT China) at zero cost to the external party. A certain part of shares in NEXT China is transferred back to NEXT Biometrics AS at zero cost when each individual milestone is fulfilled and settled as a part of the arrangement with the external party. Hence, the Group will control 100% of shares inNEXT China when all milestones have been fulfilled. Alternatively, all remaining shares in the subsidiary will be transferred to the Group once the agreement has expired and some or none of the milestones have been fulfilled. The agreement with the external party also covers governance and operations during the joint ownership period whereby the Group will control the operations of NEXT China even when the Group has a 50% shareholding. In 2020, NEXT provided biometric products to a former client. The client failed to meet the agreed-upon payments, leading NEXT to decide to pursue these payments through the courts, citing a breach of contract. The arbitration court proceedings are ongoing. The book value of the NEXT receivable relating to this claim is zero as per 31 December 2024. In 2024, the former client countersued NEXT for breach of contract and is seeking damages from NEXT. NEXT\u2019s management, in consultation withits legal advisors, considers this countersuit to be without merit and with an extremely low likelihood of succeeding. As such, in accordance with IAS 37, no provision has been recognized for this potential liability in the financial statements as of 31 December 2024.For financial liabilities at amortised cost, the carrying amount is assessed to be a reasonable approximation of fair value. All items above are at amortised cost or nominal value.ProvisionsProvisions are recognized when, and only when, the Group has a valid liability (legal or constructive) as a result of events that have taken place and it is more probable than not that a financial settlement will take place as a result of the event(s), and the size of the amount can be measured reliably. Provisions are reviewed on each balance sheet date and their level reflects the best estimate of the liability. When the effect of time is insignificant, the provisions will be equal to the size of the expense necessary to be free of the liability. When the effect of time is significant, the provisions will amount to the present value of future payments to cover the liability. Any increase in the provisions due to time is recorded as other financial expenses.Contingent liabilities and assetsContingent liabilities are possible obligations resulting from past events which existence depends on future events; obligations that are not recognized because it is not probable that they will lead to an outflow of resources; and obligations that cannot be measured with sufficient reliability. Contingent liabilities are not recognized in the annual financial statements but will be disclosed in the notes if applicable. A contingent asset is not recognized in the annual financial statements but is disclosed in the notes if there is a degree of probability that a benefit will accrue to the Group.", "dimensions": { "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__90": { "value": "ProvisionsProvisions are recognized when, and only when, the Group has a valid liability (legal or constructive) as a result of events that have taken place and it is more probable than not that a financial settlement will take place as a result of the event(s), and the size of the amount can be measured reliably. Provisions are reviewed on each balance sheet date and their level reflects the best estimate of the liability. When the effect of time is insignificant, the provisions will be equal to the size of the expense necessary to be free of the liability. When the effect of time is significant, the provisions will amount to the present value of future payments to cover the liability. Any increase in the provisions due to time is recorded as other financial expenses.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__92": { "value": "Provisions are recognized when, and only when, the Group has a valid liability (legal or constructive) as a result of events that have taken place and it is more probable than not that a financial settlement will take place as a result of the event(s), and the size of the amount can be measured reliably. Provisions are reviewed on each balance sheet date and their level reflects the best estimate of the liability. When the effect of time is insignificant, the provisions will be equal to the size of the expense necessary to be free of the liability. When the effect of time is significant, the provisions will amount to the present value of future payments to cover the liability. Any increase in the provisions due to time is recorded as other financial expenses.", "dimensions": { "concept": "ifrs-full:DisclosureOfProvisionsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__91": { "value": "Contingent liabilities and assetsContingent liabilities are possible obligations resulting from past events which existence depends on future events; obligations that are not recognized because it is not probable that they will lead to an outflow of resources; and obligations that cannot be measured with sufficient reliability. Contingent liabilities are not recognized in the annual financial statements but will be disclosed in the notes if applicable. A contingent asset is not recognized in the annual financial statements but is disclosed in the notes if there is a degree of probability that a benefit will accrue to the Group.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__99-1": { "value": "(amounts in NOK 1,000) 2024 2023Property-office leases (included in \"Property, plant and equipment\") 4,006 1,844Total right-of-use assets 4,006 1,844Non-current lease liabilities 2,244 194Current lease liabilities 1,843 1,745Total lease liabilities 4,087 1,940Equity ratio 2024 2023Total equity 118,857 94,351Total assets 152,390 118,900Equity share 78% 79%Capital resources 2024 2023Current liabilities 31,289 24,355Non-current liabilities 2,244 194Less cash -62,907 -67,753Net debt (net cash) -29,374 -43,204Total equity 118,857 94,351Total capital resources 89,482 51,147Gearing ratio (%) \u201333% -84%", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__98": { "value": "(amounts in NOK 1,000) 2024 2023Property-office leases (included in \"Property, plant and equipment\") 4,006 1,844Total right-of-use assets 4,006 1,844Non-current lease liabilities 2,244 194Current lease liabilities 1,843 1,745Total lease liabilities 4,087 1,940", "dimensions": { "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__96": { "value": "NOTE 17 LeasesThe table below shows the amounts related to leases recognized in the statement of financial position:(amounts in NOK 1,000) 2024 2023Property-office leases (included in \"Property, plant and equipment\") 4,006 1,844Total right-of-use assets 4,006 1,844Non-current lease liabilities 2,244 194Current lease liabilities 1,843 1,745Total lease liabilities 4,087 1,940See note 11 for more information regarding right-of-use assets. As per 31 December 2024, the Group has office lease agreements in Norway, China, USA and Taiwan. The individual lease terms for the Group\u2019s office leases are generally 2-3 years including extension periods at inception of the lease period. The group\u2019s office leases in Norway and USA were renewed in 2024. The subsidiary in China entered into a new one-year office lease in 2024. In accordance with IFRS 16 regulations, the lease in China is not recognized as a right-of-use asset. Instead, it is directly recorded as an operating expense.The table below shows the amounts related to leases recognized in the statement of comprehensive income:(amounts in NOK 1,000) 2024 2023Depreciation property right-of-use assets (included in \"Depreciation and amortization\") -2,108 -2,076Interest income (included in \"Financial income\") 81 -Interest expenses (included in \"Financial expenses\") -139 -146Net expenses related to leases -2,166 -2,222The table below shows a reconciliation of the opening and closing balance for lease liabilities arising from financing activities:(amounts in NOK 1,000) 2024 2023Opening balance 1,940 2,966Changes from financing cash flows -2,017 -2,078Changes in lease liabilities due to new/amended lease agreements or CPI adjustments 4,002 986Other changes 22 -46Translation differences 140 113Closing balance as of 31 December 4,087 1,940 The total cash outflow for leases in 2024 was NOK 2.0 million (2023: NOK 2.1 million). The table below shows the maturity profile for the lease liabilities based on contractual undisocunted payments:(amounts in NOK 1,000) 2024 2023Within one year 1,843 1,745More than 1 year but within 5 years 2,447 194After 5 years - -Total contractual cash flows related to leases 4,290 1,940 Leasing\ue61eagreementsCurrently, the Group\u2019s only leases are office leases. The intial fixed lease period for the office leases are generally 1-4 years at inception of the individual leases. Currently, no office lease extension options have been recognized. The Group recognizes the office lease liability and a corresponding office right-of-use asset at the commencement date of thelease. Lease liabilities are measured at the present value of the remaining lease payments not paid at the commencement date. The lease payments are discounted using the lessee\u2019s interest rate implicit in the lease, or incremental borrowing rate when the interest rate implicit in the lease cannot be readily determined. Lease payments consists of the following elements: fixed payments, variable lease payment that are based on an index or a rate, amounts expected to be payable by the lessee under residual value guarantees, the exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and payments of penalties for terminating the lease if the lease term reflects the lessee exercising that option. A corresponding asset representing the right to use the underlying asset during the lease term (right-of-use asset) is recognized, adjusted for prepayments done before commencement date, and initial direct costs and restoration costs if any. The right-of-use-asset is depreciated over the lease term and the depreciation expense is recognized as an operating expense. Interest expense on the lease liability is recognized as a financial expense.Lease contracts entered with a duration of less than 12 months and leases with a low value will not be recognized in the statement of financial position but recognized as an operating expense over the lease period. Lease liabilities will be remeasured upon the occurrence of certain events (e.g., a change in the lease term, a change in future lease payments resulting from a change in an index or rate used to determine those payments), which generally will be recognized as an adjustment to the right-of-use asset.NOTE 18", "dimensions": { "concept": "ifrs-full:DisclosureOfLeasesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__93": { "value": "(amounts in NOK 1,000) 2024 2023Depreciation property right-of-use assets (included in \"Depreciation and amortization\") -2,108 -2,076Interest income (included in \"Financial income\") 81 -Interest expenses (included in \"Financial expenses\") -139 -146Net expenses related to leases -2,166 -2,222", "dimensions": { "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__97": { "value": "The Group recognizes the office lease liability and a corresponding office right-of-use asset at the commencement date of thelease. Lease liabilities are measured at the present value of the remaining lease payments not paid at the commencement date. The lease payments are discounted using the lessee\u2019s interest rate implicit in the lease, or incremental borrowing rate when the interest rate implicit in the lease cannot be readily determined. Lease payments consists of the following elements: fixed payments, variable lease payment that are based on an index or a rate, amounts expected to be payable by the lessee under residual value guarantees, the exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and payments of penalties for terminating the lease if the lease term reflects the lessee exercising that option. A corresponding asset representing the right to use the underlying asset during the lease term (right-of-use asset) is recognized, adjusted for prepayments done before commencement date, and initial direct costs and restoration costs if any. The right-of-use-asset is depreciated over the lease term and the depreciation expense is recognized as an operating expense. Interest expense on the lease liability is recognized as a financial expense.Lease contracts entered with a duration of less than 12 months and leases with a low value will not be recognized in the statement of financial position but recognized as an operating expense over the lease period. Lease liabilities will be remeasured upon the occurrence of certain events (e.g., a change in the lease term, a change in future lease payments resulting from a change in an index or rate used to determine those payments), which generally will be recognized as an adjustment to the right-of-use asset.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__101": { "value": "NOTE 18 Share capital, shareholder\u2019s information and share-based optionsThere is one class of shares. All shares have equal rights and are freely negotiable. The share capital is fully paid in. The par value of the shares is NOK 1 per share.There were 115,154,535 shares in the company on 31 December 2024, compared to 104,024,929 shares on 31 December 2023. At the end of 2024 there were 3,391 shareholder accounts compared to 4,079 at the end of 2023.Number of shares outstanding 2024 2023Opening balance 104,024,929 91,980,763Share issue(s) 5,500,000 12,000,000Exercised incentive share options 5,629,606 44,166Closing balance 115,154,535 104,024,929In October 2024, NEXT successfully completed a private placement issuing 5,500,000 new shares at a subscription price of NOK 7.3 per share, corresponding to gross proceeds of NOK 40.2 million. Direct expenses and underwriting commission in relation to the private placement was NOK 2.1 million and net proceeds were NOK 38.1 million. Moreover, in February, May and August 2024, 909,606 share options were exercised at an average subscription price of NOK 3.7 per share with total gross proceeds of NOK 3.4 million and net proceeds of NOK 3.3 million. Further, in September 2024, 4,720,000 share options were exercised at an average subscription price of NOK 3.99 per share with total gross proceeds of NOK 18.9 million and gross proceeds of NOK 18.8 million. Total net proceeds for the year 2024 amounted to NOK 60.1 million.In September 2023, NEXT successfully completed a private placement issuing 12,000,000 new shares at a subscription price of NOK 5.0 per share, corresponding to gross proceeds of NOK 60.0 million. Direct expenses and underwriting commission in relation to the private placement was NOK 3.1 million and net proceeds were NOK 56.9 million. Moreover, in May and September 2023, 44,166 share options were exercised at an average subscription price of NOK 3.4 per share with total gross proceeds of NOK 0.15 million. Total net proceeds for the year 2023 amounted to NOK 57.0 million.There are no authorizations to the board to purchaseown shares.Capital resourcesNEXT manages its liquidity passively, which means that funds are placed in floating-interest bank accounts. The majority of cash is held in Norwegian kroner at parent company level and is distributed when appropriate to the affiliates. This is both to have control of the overall liquidity situation and to manage expense levels in the affiliates. NEXT has no interest bearing debt by the end of 2024.NEXT targets to have an equity ratio above 80%, measured as total equity divided by total assets.Equity ratio 2024 2023Total equity 118,857 94,351Total assets 152,390 118,900Equity share 78% 79%Capital resources 2024 2023Current liabilities 31,289 24,355Non-current liabilities 2,244 194Less cash -62,907 -67,753Net debt (net cash) -29,374 -43,204Total equity 118,857 94,351Total capital resources 89,482 51,147Gearing ratio (%) \u201333% -84%The largest shareholders at year end and shares owned by executive and Directors of the Board:Top 20 shareholders at 31 December 2024 Number of shares Percent of sharesSkandinaviska Enskilda Banken AB 7,413,614 6.4 %Torstein Tvenge 6,500,000 6.2 %SILVERCOIN INDUSTRIES AS 6,384,062 5.6 %HAAS AS 5,953,000 5.5 %NORUS AS 5,918,286 3.8 %VERDIPAPIRFONDET DELPHI NORGE 5,499,912 3.7 %EDGEWATER AS 5,385,645 3.2 %SONGA CAPITAL AS 5,150,486 3.1 %The Bank of New York Mellon SA/NV 3,857,313 3.0 %UBS Switzerland AG 3,649,081 2.8 %CAMACA AS 3,479,871 2.4 %NORUS HOLDING DATTER AS 3,074,349 2.3 %AS AUDLEY 2,627,027 1.8 %VALSET INVEST AS 2,555,113 1.7 %LUCELLUM AS 2,520,000 1.6 %MARSTAL AS 1,786,158 1.6 %CAMIKO AS 1,617,200 1.5 %ECOMNEX HOLDING AS 1,494,461 1.5 %SIX-SEVEN AS 1,438,644 1.4 %AVEO INVEST AS 1,430,000 1.2 %Total top 20 77,734,222 60.3 %Others 37,420,313 39.7%Total number of shares 115,154,535 100.0%Shares owned by Executives and Directors Number of Percent of of the Boardsharesshares Held throughSenior ExecutivesUlf Ritsvall, CEO 17,000 0.01%Eirik Underthun, CFO 119,000 0.10%Marcus Lauren, CPO 20,000 0.02%Digvijay Singh Kanwar, SVP Head of Sales IUEA - 0.00%Joshua Chui, SVP Head of Sales South-East Asia - 0.00%Peter Heuman, former CEO 1,000,000 0.87%Board of DirectorsOdd-Harald Hauge, Chair 548,907 0.48% Odd-Harald HaugePetter Fjellstad 1,032,779 0.90% Fjellstad Holding ASSiri Gomn\u00e6s B\u00f8rsum - 0.00%Emine Lundkvist 79,738 0.07%Nomination CommitteeJon Frode Vaksvik 35,000 0.03% Jon Frode Vaksvik & Skavak Invest AS1Haakon S\u00e6ter8,370,794 7.27% Silvercoin Industries AS, Fredrikstad Spillerinvest AS, Six-Seven AS & Haakon S\u00e6terHans Herman Horn 11,387,683 9.89% NORUS AS, Norus Holding Datter AS, Edgewater AS & Hans Herman HornTotal 22,610,901 19.64%\ue61b In addition to the shares held directly through Silvercoin Industries AS and Six-Seven AS, Silvercoin Industries AS held futures In addition to the shares held directly through Silvercoin Industries AS and Six-Seven AS, Silvercoin Industries AS held futures contracts on 2,000,000 NEXT shares as per 31 December 2024. As of 31 December 2024, the Company has one share option program:Long-term share options programNEXT has allotted long-term share options to employees. The options in the 2019, 2020, 2021 and 2022 program are fully vested as per 31. December 2024. The options allocated to employees in the 2023 program vest 1/3 in quarter three 2024, 1/3 in quarter three 2025 and 1/3 in quarter one 2026. The options allocated to employees in the 2024 programvest 1/3 in quarter three 2025, 1/3 in quarter three 2026 and 1/3 in quarter one 2027. The options in the 2020 and 2021 program were extended during 2023 and these options expire in 2026. The options in the 2022 program expire in 2025. The options in the 2023 program expire 5 years after the options have been granted (2028) while the options in the 2024 program expire in 2029. All options allocated toboard members are fully vested.There are currently an accumulated 10,020,579 (8.7%of total number of shares in the Company) share options outstanding. Out of these, 6,479,028 share options have vested.Each option gives the holder the right to acquire oneshare from the Company at a strike price defined in the individual share option agreement.The option agreements include a clause on accelerated vesting in case of a majority of shares in the Company are (i) sold to an acquirer, (ii) the Company is merged with another company, (iii) a demerger occurs, and (iv) if the company\u2019s shares are delisted.At the Annual General Meeting (AGM) 16 May 2024 the Board of Directors was granted authorization to issue up to 11,980,658 shares in the company in relation to options granted to employees and board members.2024 2023Number of Weighted average Number of Weighted average Options-movement optionsexercise priceoptionsexercise priceOutstanding options-Beginning period 14,048,519 4.86 11,932,228 4.86 Granted 2,225,000 7.86 2,500,000 5.99 Exercised -5,629,606 3.96 -44,166 3.39 Forfeited or expired -623,334 9.74 -339,543 15.45 Outstanding options-End period 10,020,579 5.65 14,048,519 4.86 Vested options-End period 6,479,028 4.83 10,710,182 4.66 2024 2023Number of Weighted average Number of Weighted average optionsfair valueoptionsfair valueGranted options - During period 2,225,000 2.00 2,500,000 1.93 Of which adjustment prior periods expense because of Net expense change in estimated number of Remaining expense Number of options in the period options that will vest future periods expected to vest 2024(NOK 1,000)(NOK 1,000)(NOK 1,000)(number of options)2019 grants - - - 103,418 2020 grants - - - 1,598,500 2021 grants - - - 1,803,664 2022 grants 714 - - 2,314,997 2023 grants 1,399 - 1,215 1,975,000 2024 grants 1,130 - 3,317 2,225,000 Total 3,243 - 4,532 10,020,579 Number of options Total number of Range of Weighted average remaining expected to vest options outstanding 2024exercise pricecontractual life (years)(number of options)(number of options)2019 grants 6,52-9,85 0.38 103,418 103,418 2020 grants 2,49-3,21 1.47 1,598,500 1,598,500 2021 grants 5,97-7,45 1.47 1,803,664 1,803,664 2022 grants 4,48-4,89 0.42 2,314,997 2,314,997 2023 grants 5,94-6,46 3.46 1,883,083 1,975,000 2024 grants 7,86-7,86 4.46 1,971,335 2,225,000 Total - - 9,674,997 10,020,579 The fair value for the share-based options granted in the year has been calculated by use of the Black-Scholes and the following assumptions have been applied in 2024 and 2023: Exercise price:2024: Weighted average NOK 7.86 per share2023: Weighted average NOK 5.99 per shareVesting period:2024 employee options: 1/3 have 1 years, 1/3 have 2 years and 1/3 have 2.5 years2023 employee options: 1/3 have 1 years, 1/3 have 2 years and 1/3 have 2.5 yearsVolatility:2023: 41%-42% depending on time to maturity of individual options.2023: 41%-68% depending on time to maturity of individual options.Risk free interest rate:2024: 3.58%-4.10% depending on time to maturity of individual options.2023: 3.68%-4.21% depending on time to maturity of individual options.Attrition:2024: Estimated 8% employee attrition for individual non-vested share-based options.2023: Estimated 8% employee attrition for individual non-vested share-based options.No expected dividend payment", "dimensions": { "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__106": { "value": "There is one class of shares. All shares have equal rights and are freely negotiable. The share capital is fully paid in. The par value of the shares is NOK 1 per share.There were 115,154,535 shares in the company on 31 December 2024, compared to 104,024,929 shares on 31 December 2023. At the end of 2024 there were 3,391 shareholder accounts compared to 4,079 at the end of 2023.Number of shares outstanding 2024 2023Opening balance 104,024,929 91,980,763Share issue(s) 5,500,000 12,000,000Exercised incentive share options 5,629,606 44,166Closing balance 115,154,535 104,024,929In October 2024, NEXT successfully completed a private placement issuing 5,500,000 new shares at a subscription price of NOK 7.3 per share, corresponding to gross proceeds of NOK 40.2 million. Direct expenses and underwriting commission in relation to the private placement was NOK 2.1 million and net proceeds were NOK 38.1 million. Moreover, in February, May and August 2024, 909,606 share options were exercised at an average subscription price of NOK 3.7 per share with total gross proceeds of NOK 3.4 million and net proceeds of NOK 3.3 million. Further, in September 2024, 4,720,000 share options were exercised at an average subscription price of NOK 3.99 per share with total gross proceeds of NOK 18.9 million and gross proceeds of NOK 18.8 million. Total net proceeds for the year 2024 amounted to NOK 60.1 million.In September 2023, NEXT successfully completed a private placement issuing 12,000,000 new shares at a subscription price of NOK 5.0 per share, corresponding to gross proceeds of NOK 60.0 million. Direct expenses and underwriting commission in relation to the private placement was NOK 3.1 million and net proceeds were NOK 56.9 million. Moreover, in May and September 2023, 44,166 share options were exercised at an average subscription price of NOK 3.4 per share with total gross proceeds of NOK 0.15 million. Total net proceeds for the year 2023 amounted to NOK 57.0 million.There are no authorizations to the board to purchaseown shares.", "dimensions": { "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__107-1": { "value": "Capital resourcesNEXT manages its liquidity passively, which means that funds are placed in floating-interest bank accounts. The majority of cash is held in Norwegian kroner at parent company level and is distributed when appropriate to the affiliates. This is both to have control of the overall liquidity situation and to manage expense levels in the affiliates. NEXT has no interest bearing debt by the end of 2024.NEXT targets to have an equity ratio above 80%, measured as total equity divided by total assets.NOTE 20 Financial risk managementThe Group is subject to various financial risks, which are systematically monitored and managed to mitigate potential adverse impacts. Our risk management ensures that these risks are identified, assessed, and controlled effectively, thereby safeguarding the Group\u2019s financial stability and performance.Credit riskCredit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Group. The Group assesses each customer on an individual basis to estimate lifetime expected credit losses. The credit loss estimates are set by management based on internal and external information. This includes qualitative information and analysis, based on the Group\u2019s historical experience and including forward-looking information. These estimates are subject to risks and uncertainties that could cause actual results to differ from current expectations. For example, economic and market conditions in the geographic areas and industries that the Group is operating can change. Moreover, the Group is facing risks related to new customers in existing and new markets, market acceptance of new products and services and changes in governmental regulations that impact the ability of the Group's end customers to sell their products, which may affect the Group's ability to collect its account receivables. Further, the Group has a limited operating history with several of its major customers in the new markets, which makes the Group exposed to additional credit risk. See note 13 - Accounts receivables for more information regarding account receivables. .Liquidity riskThe Group strives to maintain sufficient cash to continue it\u2019s operations and meet obligations.The Group manages liquidity risk by maintaining adequate cash reserves by continuosly monitoring actual and forecasted cash flow by matching the maturity profiles of financial assets and liabilities. The Groups obligations mainly consists of supplier liabilities and other current liabilities. See note 16 - Liabilities for more information. The Group has no long term liabilities or overdraft facilities with financial institutions as of 31 December 2024.Foreign currency riskThe primary functional currency of the Groups main operating subsidiary NEXT Biometrics AS is USD. The Group\u2019s revenues outside China are incurred in USD. The Group recognized 64% of its revenues in USD and 36% in Chinese Yuan (CNY) in 2024 (100% and 0% respectively in 2023). The CNY/USD rate has been quite stable in recent years. Still, the Group is exposed to fluctuations of the CNY, which will impact the value of account receivables that are issued in CNY. The Group\u2019s cost of materials purchases are incurred in USD. Moreover, the Group incurs employee and operating expenses that is denominated in USD, Norwegian Kroner (NOK), Taiwan Dollar (TWD) and CNY. The NOK/USD exchange rate has shown some volatility in recent years while the TWD and CNY are relatively closely correlated to the USD. The Group has not implemented a hedging policy to manage currency risks as it believes the costs are larger than the benefits.", "dimensions": { "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__108": { "value": "As of 31 December 2024, the Company has one share option program:Long-term share options programNEXT has allotted long-term share options to employees. The options in the 2019, 2020, 2021 and 2022 program are fully vested as per 31. December 2024. The options allocated to employees in the 2023 program vest 1/3 in quarter three 2024, 1/3 in quarter three 2025 and 1/3 in quarter one 2026. The options allocated to employees in the 2024 programvest 1/3 in quarter three 2025, 1/3 in quarter three 2026 and 1/3 in quarter one 2027. The options in the 2020 and 2021 program were extended during 2023 and these options expire in 2026. The options in the 2022 program expire in 2025. The options in the 2023 program expire 5 years after the options have been granted (2028) while the options in the 2024 program expire in 2029. All options allocated toboard members are fully vested.There are currently an accumulated 10,020,579 (8.7%of total number of shares in the Company) share options outstanding. Out of these, 6,479,028 share options have vested.Each option gives the holder the right to acquire oneshare from the Company at a strike price defined in the individual share option agreement.The option agreements include a clause on accelerated vesting in case of a majority of shares in the Company are (i) sold to an acquirer, (ii) the Company is merged with another company, (iii) a demerger occurs, and (iv) if the company\u2019s shares are delisted.At the Annual General Meeting (AGM) 16 May 2024 the Board of Directors was granted authorization to issue up to 11,980,658 shares in the company in relation to options granted to employees and board members.", "dimensions": { "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__109": { "value": "NOTE 19 Remuneration key personnel and audit feesACTUAL REMUNERATION \ue61d SENIOR EXECUTIVESBoard Fair value Total 2024 (amounts in NOK 1,000)remuneration Salary Bonus Other benefits Pension costgranted options *remunerationSenior ExecutivesUlf Ritsvall, CEO - 2,960 1,509 65 - 1,939 6,472 Eirik Underthun, CFO - 2,010 - 5 181 291 2,487 Marcus Lauren, CPO - 2,253 - - - 111 2,364 Digvijay Singh Kanwar, SVP Head of Sales IUEA - 991 904 - - 206 2,100 Joshua Chui, SVP Head of Sales South-East Asia - 1,880 1,347 - - 136 3,363 1Peter Heuman, former CEO- 87 - - 5 -148 -56 Board of DirectorsOdd Harald Hauge, Chair 200 - - - - - 200 Petter Fjeldstad 500 - - - - - 500 Emine Lundkvist 200 - - - - - 200 Siri Gomn\u00e6s B\u00f8rsum 200 - - - - - 200 Nomination CommitteeJon Frode Vaksvik, Chair 30 - - - - - 30 Haakon S\u00e6ter 20 - - - - - 20 Hans-Herman Horn 20 - - - - - 20 Total remuneration 1,170 10,181 3,760 70 186 2,535 17,900* Fair value of granted options is equal to expensed share option remuneration for the year, which is based on fair value at grant date and vesting period (see note 2 for further information).Board remuneration reported above is based on paid-out amounts.\ue61b Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 to 16 May 2024 Peter Heuman was advisor to the CEO and board of directors.ACTUAL REMUNERATION\ue61dSENIOR EXECUTIVESBoard Fair value Total 2023 (amounts in NOK 1,000)remuneration Salary Bonus Other benefits Pension costgranted options *remunerationSenior Executives2Ulf Ritsvall, CEO- 2,130 100 19 - 1,650 3,900Eirik Underthun, CFO - 1,878 100 4 172 862 3,0163Marcus Lauren, CPO- 418 - - - 11 429Digvijay Singh Kanwar, SVP Head 4of Sales IUEA- 684 82 - - 127 893Joshua Chui, SVP Head of Sales 5South-East Asia- 313 - - - 11 3256Peter Heuman, former CEO- 3,186 - 3 131 1,783 5,103Board of DirectorsPetter Fjeldstad, Chair 500 - - - - - 500Odd Harald Haug 200 - - - - - 200Emine Lundkvist 200 - - - - - 200Siri Gomn\u00e6s B\u00f8rsum 200 - - - - 73 273Nomination CommitteeJon Frode Vaksvik, Chair 30 - - - - - 30Haakon S\u00e6ter 20 - - - - - 20Hans-Herman Horn 20 - - - - - 20Total remuneration 1,170 8,610 282 27 303 4,518 14,909\ue61d Ulf Ritsvall was promoted to NEXT Biometrics Group CEO effective from 1 October 2023. Ulf Ritsvall previously was NEXT SVP Sales and Marketing.\ue61a Marcus Lauren was hired as Chief Product Officer effective from 1 November 2023. \ue61c Digvijay Singh Kanwar was promoted to SVP Head of Sales IUEA effective from 1 November 2023.\ue619 Joshua Chui was hired as VP Head of Sales South-East Asia effective from 1 November 2023.\ue618 Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 Peter Heuman was advisor to the CEO and board of directors.CEO remunerationUlf Ritsvall (CEO) has a salary of NOK 2.6 million per year. In addition, he is part of the Company\u2019s option plan and the bonus program, which provides annual bonuses based upon the achievement of performance objectives established by the company. Further, the CEO is entitled to a pension benefit of 15% of annual base salary. Ulf Ritsvall was awarded and paid a bonus in 2023, while no bonus was paid out during 2024. During 2023 and 2024, the company also paid pension benefits as salary, which is reported under salary in the tables above.Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 to 16 May 2024 Peter Heuman was engaged as an advisor to the CEO and board of directors. When engaged as CEO during 2023, Peter Heuman had a base salary of NOK 3.0 million per year and 15% of annual salary in pension benefits. In addition, he participated in the Company\u2019s option plan and the bonus program, which provides annual bonuses based upon the achievement of performance objectives established by the company. Peter Heuman was awarded a bonus in 2023 and the company also paid pension benefits as salary for the amount in excess of the company\u2019s standard pension contribution for 2023, which is reported under salary in the tables above.SeveranceUlf Ritsvall (CEO) has a severance agreement whereby he will receive 100% pay for 6 months for termination by the Company without cause.Loans and guarantees for senior executivesThe Company has not made any advance payments or issued loans to, or guarantees in favor of, any senior executives or members of the board as per 31 December 2024. Share based remunerationShare-based payments are equity-settled share options granted to employees, contractors and members of the board of directors. The options are charged against the income statements at their fair value over the vesting period, with a corresponding increase in equity. The fair value of share-based options is determined using the Black-Scholes option-pricing model. The social security contribution payable in connection with the exercise of the share options is accrued on a straight-line basis as current liabilities, based on the intrinsic value of the share options at the end of each accounting period with consequent charges to the payroll expenses. Share-based remuneration and option social security costs related to employees and members of the board are charged as payroll expenses, while costs related to contractors are charged as other operating expenses.Salary, pension and any bonuses will attract employer\u2019s tax, which will be expensed simultaneously with the remuneration. The notional cost of options as share-based remuneration is expensed, but the equity effect is nil because the contra item is a notional equity injection of equal amount. In addition, employer\u2019s tax is accrued on the intrinsic value of the option on the balance sheet date.For the shareholders, a possible exercise of share options will represent a dilution. At the end of 2024, the number of outstanding options to senior executives amounted to 8,085,000 corresponding to 7.0% of the share capital. At the end of 2023, the number of outstanding options to senior executives amounted to 11,205,000 corresponding to 10.8% of the share capital. For further details regarding share-based remuneration, see note 18.OPTIONS \ue61d SHARE BASED REMUNERATIONAccumulated Expired/ Average Accumulated Average quantity Granted adjusted Exercised exercise quantity exercise 2024options OBoptions optionsoptionsprice-Aoptions CB price-BSenior ExecutivesUlf Ritsvall, CEO 2,725,000 1,400,000 - - - 4,125,000 6.30Eirik Underthun, CFO 1,750,000 50,000 - -350,000 2.49 1,450,000 5.54Marcus Lauren, CPO 75,000 150,000 - - - 225,000 7.39Digvijay Singh Kanwar, SVP Head of Sales IUEA 200,000 150,000 - - - 350,000 6.35Joshua Chui, SVP Head of Sales South-East Asia 75,000 200,000 - - - 275,000 7.48Peter Heuman, former CEO 5,020,000 - -300,000 -4,720,000 3.99 - -Board of DirectorsOdd Harald Hauge, Chair 200,000 - - - - 200,000 2.49Petter Fjeldstad 1,030,000 - - - - 1,030,000 2.66Emine Lundkvist 230,000 - - - - 230,000 3.27Siri Gomn\u00e6s B\u00f8rsum 200,000 - - - - 200,000 4.89Total 11,505,000 1,950,000 -300,000 -5,070,000 8,085,000Accumulated Expired/ Average Accumulated Average quantity Granted adjusted Exercised exercise quantity exercise 2023options OBoptions optionsoptionsprice-Aoptions CB price-BSenior ExecutivesUlf Ritsvall, CEO 1,900,000 825,000 - - - 2,725,000 5.53Eirik Underthun, CFO 1,500,000 250,000 - - - 1,750,000 4.86Marcus Lauren, CPO - 75,000 - - - 75,000 6.46Digvijay Singh Kanwar, SVP Head of Sales IUEA 100,000 100,000 - - - 200,000 5.21Joshua Chui, SVP Head of Sales South-East Asia - 75,000 - - - 75,000 6.46Peter Heuman, former CEO 4,720,000 300,000 - - - 5,020,000 4.11Board of DirectorsPetter Fjeldstad, Chair 1,030,000 - - - - 1,030,000 2.66Odd Harald Hauge 200,000 - - - - 200,000 2.49Emine Lundkvist 230,000 - - - - 230,000 3.27Siri Gomn\u00e6s B\u00f8rsum 200,000 - - - - 200,000 4.89Total 9,880,000 1,625,000 - - 11,505,000A Average exercise price for options exercised during the financial year (amounts in NOK)B Average exercise price for quantity of options by the end of the financial year (amounts in NOK)", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__110": { "value": "NOTE 19 Remuneration key personnel and audit feesACTUAL REMUNERATION \ue61d SENIOR EXECUTIVESBoard Fair value Total 2024 (amounts in NOK 1,000)remuneration Salary Bonus Other benefits Pension costgranted options *remunerationSenior ExecutivesUlf Ritsvall, CEO - 2,960 1,509 65 - 1,939 6,472 Eirik Underthun, CFO - 2,010 - 5 181 291 2,487 Marcus Lauren, CPO - 2,253 - - - 111 2,364 Digvijay Singh Kanwar, SVP Head of Sales IUEA - 991 904 - - 206 2,100 Joshua Chui, SVP Head of Sales South-East Asia - 1,880 1,347 - - 136 3,363 1Peter Heuman, former CEO- 87 - - 5 -148 -56 Board of DirectorsOdd Harald Hauge, Chair 200 - - - - - 200 Petter Fjeldstad 500 - - - - - 500 Emine Lundkvist 200 - - - - - 200 Siri Gomn\u00e6s B\u00f8rsum 200 - - - - - 200 Nomination CommitteeJon Frode Vaksvik, Chair 30 - - - - - 30 Haakon S\u00e6ter 20 - - - - - 20 Hans-Herman Horn 20 - - - - - 20 Total remuneration 1,170 10,181 3,760 70 186 2,535 17,900* Fair value of granted options is equal to expensed share option remuneration for the year, which is based on fair value at grant date and vesting period (see note 2 for further information).Board remuneration reported above is based on paid-out amounts.\ue61b Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 to 16 May 2024 Peter Heuman was advisor to the CEO and board of directors.ACTUAL REMUNERATION\ue61dSENIOR EXECUTIVESBoard Fair value Total 2023 (amounts in NOK 1,000)remuneration Salary Bonus Other benefits Pension costgranted options *remunerationSenior Executives2Ulf Ritsvall, CEO- 2,130 100 19 - 1,650 3,900Eirik Underthun, CFO - 1,878 100 4 172 862 3,0163Marcus Lauren, CPO- 418 - - - 11 429Digvijay Singh Kanwar, SVP Head 4of Sales IUEA- 684 82 - - 127 893Joshua Chui, SVP Head of Sales 5South-East Asia- 313 - - - 11 3256Peter Heuman, former CEO- 3,186 - 3 131 1,783 5,103Board of DirectorsPetter Fjeldstad, Chair 500 - - - - - 500Odd Harald Haug 200 - - - - - 200Emine Lundkvist 200 - - - - - 200Siri Gomn\u00e6s B\u00f8rsum 200 - - - - 73 273Nomination CommitteeJon Frode Vaksvik, Chair 30 - - - - - 30Haakon S\u00e6ter 20 - - - - - 20Hans-Herman Horn 20 - - - - - 20Total remuneration 1,170 8,610 282 27 303 4,518 14,909\ue61d Ulf Ritsvall was promoted to NEXT Biometrics Group CEO effective from 1 October 2023. Ulf Ritsvall previously was NEXT SVP Sales and Marketing.\ue61a Marcus Lauren was hired as Chief Product Officer effective from 1 November 2023. \ue61c Digvijay Singh Kanwar was promoted to SVP Head of Sales IUEA effective from 1 November 2023.\ue619 Joshua Chui was hired as VP Head of Sales South-East Asia effective from 1 November 2023.\ue618 Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 Peter Heuman was advisor to the CEO and board of directors.CEO remunerationUlf Ritsvall (CEO) has a salary of NOK 2.6 million per year. In addition, he is part of the Company\u2019s option plan and the bonus program, which provides annual bonuses based upon the achievement of performance objectives established by the company. Further, the CEO is entitled to a pension benefit of 15% of annual base salary. Ulf Ritsvall was awarded and paid a bonus in 2023, while no bonus was paid out during 2024. During 2023 and 2024, the company also paid pension benefits as salary, which is reported under salary in the tables above.Peter Heuman was NEXT Biometrics Group CEO until 30 September 2023. From 1 October 2023 to 16 May 2024 Peter Heuman was engaged as an advisor to the CEO and board of directors. When engaged as CEO during 2023, Peter Heuman had a base salary of NOK 3.0 million per year and 15% of annual salary in pension benefits. In addition, he participated in the Company\u2019s option plan and the bonus program, which provides annual bonuses based upon the achievement of performance objectives established by the company. Peter Heuman was awarded a bonus in 2023 and the company also paid pension benefits as salary for the amount in excess of the company\u2019s standard pension contribution for 2023, which is reported under salary in the tables above.SeveranceUlf Ritsvall (CEO) has a severance agreement whereby he will receive 100% pay for 6 months for termination by the Company without cause.Loans and guarantees for senior executivesThe Company has not made any advance payments or issued loans to, or guarantees in favor of, any senior executives or members of the board as per 31 December 2024. Share based remunerationShare-based payments are equity-settled share options granted to employees, contractors and members of the board of directors. The options are charged against the income statements at their fair value over the vesting period, with a corresponding increase in equity. The fair value of share-based options is determined using the Black-Scholes option-pricing model. The social security contribution payable in connection with the exercise of the share options is accrued on a straight-line basis as current liabilities, based on the intrinsic value of the share options at the end of each accounting period with consequent charges to the payroll expenses. Share-based remuneration and option social security costs related to employees and members of the board are charged as payroll expenses, while costs related to contractors are charged as other operating expenses.Salary, pension and any bonuses will attract employer\u2019s tax, which will be expensed simultaneously with the remuneration. The notional cost of options as share-based remuneration is expensed, but the equity effect is nil because the contra item is a notional equity injection of equal amount. In addition, employer\u2019s tax is accrued on the intrinsic value of the option on the balance sheet date.For the shareholders, a possible exercise of share options will represent a dilution. At the end of 2024, the number of outstanding options to senior executives amounted to 8,085,000 corresponding to 7.0% of the share capital. At the end of 2023, the number of outstanding options to senior executives amounted to 11,205,000 corresponding to 10.8% of the share capital. For further details regarding share-based remuneration, see note 18.OPTIONS \ue61d SHARE BASED REMUNERATIONAccumulated Expired/ Average Accumulated Average quantity Granted adjusted Exercised exercise quantity exercise 2024options OBoptions optionsoptionsprice-Aoptions CB price-BSenior ExecutivesUlf Ritsvall, CEO 2,725,000 1,400,000 - - - 4,125,000 6.30Eirik Underthun, CFO 1,750,000 50,000 - -350,000 2.49 1,450,000 5.54Marcus Lauren, CPO 75,000 150,000 - - - 225,000 7.39Digvijay Singh Kanwar, SVP Head of Sales IUEA 200,000 150,000 - - - 350,000 6.35Joshua Chui, SVP Head of Sales South-East Asia 75,000 200,000 - - - 275,000 7.48Peter Heuman, former CEO 5,020,000 - -300,000 -4,720,000 3.99 - -Board of DirectorsOdd Harald Hauge, Chair 200,000 - - - - 200,000 2.49Petter Fjeldstad 1,030,000 - - - - 1,030,000 2.66Emine Lundkvist 230,000 - - - - 230,000 3.27Siri Gomn\u00e6s B\u00f8rsum 200,000 - - - - 200,000 4.89Total 11,505,000 1,950,000 -300,000 -5,070,000 8,085,000Accumulated Expired/ Average Accumulated Average quantity Granted adjusted Exercised exercise quantity exercise 2023options OBoptions optionsoptionsprice-Aoptions CB price-BSenior ExecutivesUlf Ritsvall, CEO 1,900,000 825,000 - - - 2,725,000 5.53Eirik Underthun, CFO 1,500,000 250,000 - - - 1,750,000 4.86Marcus Lauren, CPO - 75,000 - - - 75,000 6.46Digvijay Singh Kanwar, SVP Head of Sales IUEA 100,000 100,000 - - - 200,000 5.21Joshua Chui, SVP Head of Sales South-East Asia - 75,000 - - - 75,000 6.46Peter Heuman, former CEO 4,720,000 300,000 - - - 5,020,000 4.11Board of DirectorsPetter Fjeldstad, Chair 1,030,000 - - - - 1,030,000 2.66Odd Harald Hauge 200,000 - - - - 200,000 2.49Emine Lundkvist 230,000 - - - - 230,000 3.27Siri Gomn\u00e6s B\u00f8rsum 200,000 - - - - 200,000 4.89Total 9,880,000 1,625,000 - - 11,505,000A Average exercise price for options exercised during the financial year (amounts in NOK)B Average exercise price for quantity of options by the end of the financial year (amounts in NOK)", "dimensions": { "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__112": { "value": "Audit fees(amounts in NOK 1,000) 2024 2023Audit fee 780 532 Attestation 238 145 Tax services - -Non-audit services 6 74 Total audit fees 1,024 751", "dimensions": { "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__115": { "value": "Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Group. The Group assesses each customer on an individual basis to estimate lifetime expected credit losses. The credit loss estimates are set by management based on internal and external information. This includes qualitative information and analysis, based on the Group\u2019s historical experience and including forward-looking information. These estimates are subject to risks and uncertainties that could cause actual results to differ from current expectations. For example, economic and market conditions in the geographic areas and industries that the Group is operating can change. Moreover, the Group is facing risks related to new customers in existing and new markets, market acceptance of new products and services and changes in governmental regulations that impact the ability of the Group's end customers to sell their products, which may affect the Group's ability to collect its account receivables. Further, the Group has a limited operating history with several of its major customers in the new markets, which makes the Group exposed to additional credit risk. See note 13 - Accounts receivables for more information regarding account receivables.", "dimensions": { "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__116": { "value": "The Group strives to maintain sufficient cash to continue it\u2019s operations and meet obligations.The Group manages liquidity risk by maintaining adequate cash reserves by continuosly monitoring actual and forecasted cash flow by matching the maturity profiles of financial assets and liabilities. The Groups obligations mainly consists of supplier liabilities and other current liabilities. See note 16 - Liabilities for more information. The Group has no long term liabilities or overdraft facilities with financial institutions as of 31 December 2024.", "dimensions": { "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__117": { "value": "NOTE 21 Climate riskThe Group does not own or operate manufacturing facilities. Manufacturing is done through third parties. Climate impact and potential risk is low in the short to medium term. The Group is not directly impacted by physical climate risk such as potential flooding or general increase in the sea level. Moreover, the Group does not face any potential liabilities due to damage caused by climate change. Still, the Group is likely to be impacted by the regulatory and technological changes that are to be implemented (in the future) to reach a carbon neutral society, which may lead to long term increased electronic component purchase and manufacturing costs. Note 22", "dimensions": { "concept": "ifrs-full:DisclosureOfAdditionalInformationExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__118": { "value": "Note 22 Related partiesThe Group\u2019s significant shareholders, board members and management are considered related parties. Transactions between related parties are always aimed at being carried at arm\u2019s length principle. Board members have received remuneration according to the general meetings decisions. In addition, board members have been granted options. Salary and board remuneration to related parties have been disclosed in note 19.Note 23", "dimensions": { "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } }, "f1__s7__6__119": { "value": "Note 23 Events occurring after the balance sheet dateBetween 31 December 2024 and the resolution of these financial statements, there has not been any event which have had any noticeable impact on the Group\u2019s or the parent company\u2019s result for 2024 or the value of the Group or the parent company\u2019s assets and liabilities as of 31 December 2024.We refer to note 13. In the period from 1 January 2025 up to 1 April 2025 the Group has received NOK 4.7 million in payments on account receivables that were outstanding as per 31 December 2024.Note 24", "dimensions": { "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory", "language": "en", "entity": "scheme:5967007LIEEXZXK9R405", "period": "2024-01-01T00:00:00/2025-01-01T00:00:00" } } } }