In accordance with article 66-A of the Portuguese Commercial Companies Code, we hereby inform of the following:
- In addition to all operations described in the notes above, as well as in the Management’s Report, there are no other operations considered relevant which are not already contained either in the balance sheet or in these notes;
- The total remuneration paid to the External Auditor and Statutory Auditor in 2024 was €191 thousand, from which €128 thousand related to the statutory audit of the accounts and, the remaining in the amount of €63 thousand, to limited assurance services on sustainability indicators;
- Note 26 of the Notes to the Financial Statements include all the related parties’ disclosures, in accordance with the International Accounting Standards;
- During the years of 2022 and 2023, JMH incurred in expenses with Research and Development (R&D) activities, which are, in your understanding, likely to be eligible for the purposes of Entrepreneurial R&D Tax Incentives System (“Sistema de Incentivos Fiscais em I&D Empresarial II – SIFIDE II”).
Hence, regarding the year of 2022, JMH received the final decision from the Technical Committee with power delegated by the Agência Nacional de Inovação, S.A., granting a tax credit of €1,669 thousand as a result of investments related with R&D activities in the total amount of €2,441 thousand, consisting of human resources expenses amounting to €1,918 thousand and operating expenses amounting to €524 thousand.
Regarding the year of 2023, JMH is still waiting for the decision from the Technical Committee with power delegated by the Agência Nacional de Inovação, S.A.. JMH has requested a tax credit of €1,639 thousand as a result of investments related with R&D activities in the total amount of €2,875 thousand, consisting of human resources expenses amounting to €2,113 thousand and operating expenses amounting to €761 thousand.
Lastly, taking into consideration the investments made in 2024 in this particular area, JMH is also preparing an application to this Tax Incentive (SIFIDE II), within the legally stipulated deadline.
OpEx - operating expenses
The costs incurred by a business in the course of its normal operations. These expenses, which are distinct from CapEx (capital expenditure) and financing costs, encompass a wide range of items, including rent, utilities, salaries, marketing, and research and development.