to the following internal controls, supporting a satisfac- tory financial reporting process: • Credit rating of debtors • Assessment of the valuation of USD positions • Assessment of accruals and valuation of inventories PWT Group has established a Group reporting process comprising monthly reporting in the form of budget fol- low-up, performance assessment and compliance with defined targets. On the basis of the Group reporting and reporting on other selected areas, four board meetings are held each year at which the reporting received is discussed and assessed. Moreover, key employees from the Group participate in the board meetings at which they describe and account for the risks and controls within their areas of respon- sibility. CAPITAL RESOURCES Management regularly assesses the appropriateness of the Group’s capital resources. Based on net cash and cash equivalents of DKK -49 mil- lion at 31 December 2024 and the credit facilities made available by Spar Nord, the cash resources are expec- ted to be sufficient in 2025. DATA ETHICS In PWT’s continued efforts to adhere to data ethics standards, PWT has focused on safeguarding custo- mer personal information and ensuring compliance with applicable laws and regulations. While PWT previ- ously noted the absence of a formal data ethics policy, it is crucial to clarify that PWT operates under a compre- hensive set of internal guidelines that effectively serve as PWT’s data ethics policy. These guidelines encompass strengthened security measures to prevent data loss and unauthorized ac- cess, alongside providing thorough data ethics and security training for all employees. This ensures under- standing and commitment across the organization to protect personal information. PWT’s data processing procedures respect the boun- daries of customer consent, ensuring data use is appro- priate and proportionate. PWT maintains transparency with PWT’s customers about data usage and provide avenues for them to control their personal information. PWT recognizes the importance of these internal guide- lines in guiding our ethical data practices, demonstra- ting PWT’s dedication to responsible data management. ANNUAL REPORT 2024 | PWT GROUP A/S 15
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