CHOCOLATE CLOUD ApS

The purpose of the company is to perform development, manufacturing and sales of cloud storagetechnologies. Chocolate Cloud offers software solutions for managing storage in multiple storageclouds. Whether our customers are interested in employing commercial cloud storage services, deploytheir own clouds, or a mix of the two, our technology allows to store files reliably while reducing thestorage cost. Our team has also developed Hadoop and OpenStack solutions that exploit our coretechnology (network coding) for increased data reliability, while significantly reducing the storage andnetwork costs to your system.Our technical goal is to provide flexible, highly reliable, privacy preserving, and blazing fast cloudstorage technologies. We wield the power of network coding, a novel erasure co…

As the Company is a development company, there is a natural uncertainty associated with the measurement of the Company’s development projects. Management has made an impairment test for the completed development projects based on discounted cashflows generated from 2027 and the years ahead. The discount factor used for the impairment test is a market conform 10 % p.a.

Recognition and measurement uncertaintiesThe recognition and measurement of items in the annual report is not associated with any uncertainty.

Due to the company specific activity as a development company that builds its own products, there is a natural uncertainty related to the measurement of the company's development. The carrying amount of the development project is based on the management’s expectations to the future. As we engage in EU projects and national projects as a means to develop our products and features as well as to incorporate the latest technologies into our products, the development activities are to a very good degree evaluated via the EU commission’s project review processes, incl. evaluation by external experts, or the Innovation Foundation’s review process, incl. yearly accounting. Many of the deliverables and reports are public.

No events have occurred after the balance sheet date which could significantly affect the company's financial position.