SAMSUNG SDS EUROPE LIMITED

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Based on this assessment, management has a reasonable expectation that the Company has adequate resources to continue in operational existence for at least 12 months from the date of signing these financial statements. Thus the Directors continue to adopt the going concern basis in preparing the annual financial statements.”

Significant events

• “Brity Copilot: is a solution designed to automate routine corporate tasks, enhancing productivity and efficiency. It enables real-time generation of subtitles, translations, and meeting minutes, along with summaries of messenger conversations and email drafts. Samsung is currently deploying this automation across various subsidiaries to further test and refine the process, with the goal of significantly reducing time spent on meetings documentation and repetitive tasks. Upon full and successful implementation, the solution is expected to substantially boost overall operational efficiency.”
• “CRM: Customer Relationship Management is an online tool with different sets of systems integrated together to collect large number of data, analyse it and does marketing to the potential customer based on their life cycle to help improve business reach to the targeted audience to increase the sales, sustain customer loyalty and capture customer feedback across different channels. The company has successfully achieved market growth in Europe and is actively working to expand into new regions, including the Middle East and Australia. Ongoing efforts are also focused on the continuous development and enhancement of CRM tools.”
• “Despite the challenges posed by the Russia-Ukraine conflict, the company managed well as a significant portion of its turnover comes from service provision. However, the directors are cognizant of the prolonged impact of the conflict and is consistently monitoring the situation to reduce cost, identify new business prospects, and enhance investments and profitability.”
• “Risk of Russia-Ukraine Conflict - The ongoing conflict between Russia and Ukraine has a global impact, affecting both corporations and individuals. Numerous businesses and individuals are facing challenges due to increasing costs of essential goods, including fuel, gas, electricity and food. Due to a series of regulatory changes and additional regulations, the Company encountered difficulties in facilitating money transfers both from Russia and to the UK, following the official cessation of services by Citi Bank. We continue to offer. services to Samsung entities in Russia and are not significantly impacted by the current conflict. Management understand that only crucial internet services are provided to Russia and is diligently monitoring the situation to remain prepared for any potential changes in circumstances.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.