27519601 2024-04-01 2025-03-31 27519601 2024-04-01 2025-03-31 1 27519601 2024-04-01 2025-03-31 1 27519601 2024-04-01 2025-03-31 1 27519601 2024-04-01 2025-03-31 2 27519601 2024-04-01 2025-03-31 3 27519601 2002-01-01 2002-12-31 27519601 2001-01-01 2001-12-31 27519601 2000-01-01 2000-12-31 27519601 2023-04-01 2024-03-31 27519601 2002-12-31 27519601 2001-12-31 27519601 2000-12-31 27519601 2025-03-31 27519601 2024-03-31 27519601 2024-04-01 d:ContributedCapitalMember 27519601 2024-04-01 d:ReserveForNetRevaluationAccordingToEquityMethodMember 27519601 2024-04-01 d:RetainedEarningsMember 27519601 2024-04-01 2025-03-31 d:ContributedCapitalMember 27519601 2024-04-01 2025-03-31 d:ReserveForNetRevaluationAccordingToEquityMethodMember 27519601 2024-04-01 2025-03-31 d:RetainedEarningsMember 27519601 2025-03-31 d:ContributedCapitalMember 27519601 2025-03-31 d:ReserveForNetRevaluationAccordingToEquityMethodMember 27519601 2025-03-31 d:RetainedEarningsMember 27519601 2024-04-01 2025-03-31 1 1 27519601 2024-04-01 2025-03-31 2 2 27519601 2024-04-01 2025-03-31 3 3 27519601 2024-04-01 2025-03-31 7 7 27519601 2023-04-01 2024-03-31 1 1 27519601 2023-04-01 2024-03-31 2 2 27519601 2023-04-01 2024-03-31 3 3 27519601 2023-04-01 2024-03-31 7 7 27519601 2024-04-01 2025-03-31 10 10 27519601 2024-04-01 2025-03-31 11 11 27519601 2024-04-01 2025-03-31 16 16 27519601 2023-04-01 2024-03-31 10 10 27519601 2023-04-01 2024-03-31 11 11 27519601 2023-04-01 2024-03-31 16 16 27519601 2024-04-01 2025-03-31 d:ManagementMember 27519601 2023-04-01 2024-03-31 d:ManagementMember 27519601 2024-04-01 d:FixturesFittingsToolsAndEquipmentMember 27519601 2024-04-01 d:LeaseholdImprovementsMember 27519601 2025-03-31 d:FixturesFittingsToolsAndEquipmentMember 27519601 2025-03-31 d:LeaseholdImprovementsMember 27519601 2024-04-01 2025-03-31 d:FixturesFittingsToolsAndEquipmentMember 27519601 2024-04-01 2025-03-31 d:LeaseholdImprovementsMember 27519601 2024-04-01 d:InvestmentsInGroupEnterprisesMember 27519601 2023-04-01 d:InvestmentsInGroupEnterprisesMember 27519601 2025-03-31 d:InvestmentsInGroupEnterprisesMember 27519601 2024-03-31 d:InvestmentsInGroupEnterprisesMember 27519601 2024-04-01 2025-03-31 d:InvestmentsInGroupEnterprisesMember 27519601 2023-04-01 2024-03-31 d:InvestmentsInGroupEnterprisesMember 27519601 2024-04-01 2025-03-31 d:SubsidiaryMember 3 27519601 2025-03-31 d:SubsidiaryMember 3 27519601 2024-04-01 2025-03-31 d:SubsidiaryMember 4 27519601 2025-03-31 d:SubsidiaryMember 4 27519601 2024-04-01 2025-03-31 d:SubsidiaryMember 5 27519601 2025-03-31 d:SubsidiaryMember 5 27519601 2024-04-01 2025-03-31 d:SubsidiaryMember 6 27519601 2025-03-31 d:SubsidiaryMember 6 27519601 2024-04-01 d:ReceivablesFromGroupEnterprisesMember 27519601 2024-04-01 d:DepositsLongtermInvestmentsAndReceivablesMember 27519601 2024-04-01 2025-03-31 d:ReceivablesFromGroupEnterprisesMember 27519601 2024-04-01 2025-03-31 d:DepositsLongtermInvestmentsAndReceivablesMember 27519601 2025-03-31 d:ReceivablesFromGroupEnterprisesMember 27519601 2025-03-31 d:DepositsLongtermInvestmentsAndReceivablesMember iso4217:DKK xbrli:pure 27519601 false statsautoriseret revisor Forvis Mazars 32973070 København Ø Hvidovre 2024-03-31 Monica Häckert Raavig 2025-09-05 Danmark Jesper Danker DK Midtermolen 1, 2.tv. Forvis Mazars Årsrapport 31061741 2100 København Ø 2024-04-01 2025-03-31 2023-04-01 Asmodee Nordics A/S Valseholmen 1 2650 Hvidovre Danmark 31061741 Midtermolen Revisionspåtegning 1, 2.tv. 2100 DK +45 35 26 52 22 info.dk@forvismazars.com Regnskabsklasse C, stor virksomhed CaseWare-FSR false false false Bestyrelsen og direktionen har dags da­to be­hand­let og god­kendt års­rap­por­ten for regn­skabs­året 1. april 2024 - 31. marts 2025 for Asmodee Nordics A/S. The Board of Directors and Executive Board have today discussed and approved the annual report of Asmodee Nordics A/S for the financial year 1 April 2024 - 31 March 2025. Års­rap­por­ten af­læg­ges i ov­er­ens­stem­mel­se med års­regn­skabs­lov­en. The annual report is prepared in accordance with the Danish Financial Statements Act. Det er vo­res op­fat­tel­se, at års­regn­ska­bet gi­ver et ret­vi­sen­de bil­lede af sel­ska­bets ak­ti­ver, pas­si­ver og fi­nan­si­el­le stil­ling pr. 31. marts 2025 og re­sul­ta­tet af sel­ska­bets ak­ti­vi­te­ter for regn­skabs­året 1. april 2024 - 31. marts 2025. In our opinion, the financial statements give a true and fair view of the company's financial position at 31 March 2025 and of the results of the company's operations for the financial year 1 April 2024 - 31 March 2025. Le­del­ses­be­ret­ning­en in­de­hol­der ef­ter vo­res op­fat­tel­se en ret­vi­sen­de re­de­gø­rel­se for de for­hold, be­ret­ning­en om­hand­ler. In our opinion, management's review includes a fair review of the matters dealt with in the management's review. Års­rap­por­ten ind­stil­les til ge­ne­ral­for­sam­ling­ens god­ken­del­se. Management recommends that the annual report should be approved by the company in general meeting. Anders Michael Petersen direktør Stephen Anthony Buckmaster formand Jesper Danker Jean-Christophe Giraud Til kapitalejeren i Asmodee Nordics A/S To the shareholder of Asmodee Nordics A/S Konklusion Vi har re­vi­de­ret års­regn­ska­bet for Asmodee Nordics A/S for regn­skabs­å­ret 1. april 2024 - 31. marts 2025, der om­fat­ter an­vendt regn­skabs­prak­sis, re­sul­tat­op­gø­rel­se, ba­lan­ce, eg­en­ka­pi­tal­op­gø­rel­se og no­ter. Årsregnskabet ud­ar­bej­des ef­ter års­regn­skabs­lov­en.Det er vores opfattelse, at års­regn­ska­bet giver et retvisende billede af sel­ska­bets aktiver, passiver og finansielle stilling pr. 31. March 2025 samt af resultatet af sel­ska­bets aktiviteter for regnskabsåret 1. april 2024 - 31. marts 2025 i overensstemmelse med års­regn­skabs­lov­en. We have audited the financial statements of Asmodee Nordics A/S for the financial year 1 April 2024 - 31 March 2025, which comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equi­ty and notes. The financial statements are prepared under the Danish Financial Statements Act.In our opinion, the financial statements give a true and fair view of the com­pany's financial position at 31 March 2025 and of the results of the company's operations for the financial year 1 April 2024 - 31 March 2025 in accordance with the Danish Financial Statements Act. Grundlag for konklusion Vi har udf­ørt vores re­vi­si­on i over­ens­stem­mel­se med int­er­na­tio­na­le stand­ard­er om re­vi­si­on og de yd­er­li­ge­re krav, der er gæld­en­de i Dan­mark. Vores an­svar i­føl­ge dis­se stand­ard­er og krav er nær­me­re be­skrev­et i re­vi­si­ons­på­tegn­ing­ens af­snit “Re­vi­sors an­svar for re­vi­si­on­en af års­regn­ska­bet“. Vi er u­af­hæng­ige af selskabet i ov­er­ens­stem­mel­se med In­ter­na­tio­nal Ethics Standards Board for Accountants' internationale retningslinjer for re­vi­so­rers etiske adfærd (IESBA’s Code) og de yd­er­lig­ere etiske krav, der er gæld­en­de i Dan­mark, li­ge­som vi har op­fyldt vores ø­vri­ge e­tis­ke for­plig­tel­ser i hen­hold til dis­se krav og IESBA Code. Det er vores op­fat­tel­se, at det op­nå­ede re­vi­si­ons­be­vis er til­stræk­ke­ligt og eg­net som grund­lag for vores konklusion. We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the “Auditor's responsibilities for the audit of the financial statements” section of our report. We are independent of the company in accordance with the International Ethics Standards Board for Accountants' Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Led­el­sen har an­svar­et for ud­ar­bej­del­sen af et års­regn­skab, der gi­ver et ret­vi­sen­de bil­le­de i over­ens­stem­mel­se med års­regn­skabs­lov­en. Led­el­sen har end­vi­de­re an­svar­et for den in­ter­ne kon­trol, som led­el­sen an­ser for nød­ven­dig for at ud­ar­bej­de et års­regn­skab ud­en væ­sent­lig fejl­in­for­ma­ti­on, u­an­set om den­ne skyl­des be­svig­el­ser el­ler fejl.Ved ud­ar­bej­del­sen af års­regn­skab­et er led­el­sen an­svar­lig for at vur­de­re sel­ska­bets ev­ne til at fort­sæt­te drif­ten, at op­ly­se om for­hold ved­rør­en­de fort­sat drift, hvor det­te er re­le­vant, samt at ud­ar­bej­de års­regn­skab­et på grund­lag af regn­skabs­prin­cip­pet om fort­sat drift, med­mind­re led­el­sen ent­en har til hen­sigt at li­kvi­de­re selskabet, ind­stil­le drif­ten el­ler ik­ke har and­et rea­li­stisk al­ter­na­tiv end at gø­re det­te. Management is responsible for the preparation of financial statements, that give a true and fair view in accordance with the Danish Financial Statements Act and for such internal control as management determines is necessary to enable the preparation of the financial statements that are free from material misstatement, whether due to fraud or error.In preparing the financial statements, management is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless management either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so. Vores mål er at op­nå høj grad af sik­ker­hed for, om års­regn­skab­et som hel­hed er ud­en væ­sent­lig fejl­in­for­ma­ti­on, u­an­set om den­ne skyld­es be­svig­el­ser el­ler fejl, og at af­gi­ve en re­vi­si­onspå­tegn­ing med en kon­klu­si­on. Høj grad af sik­ker­hed er et højt ni­veau af sik­ker­hed, men er ik­ke en ga­ran­ti for, at en re­vi­si­on, der ud­fø­res i over­ens­stem­mel­se med in­ter­na­tio­na­le stan­dard­er om re­vi­sio­n og de yd­er­lig­ere krav, der er gæld­en­de i Dan­mark, al­tid vil af­dæk­ke væ­sent­lig fejl­in­for­ma­ti­on, når så­dan find­es. Fej­lin­for­ma­ti­on­er kan op­stå som føl­ge af be­svig­el­ser el­ler fejl og kan be­trag­tes som væ­sent­li­ge, hvis det med ri­me­lig­hed kan for­ven­tes, at de en­kelt­vis el­ler sam­let har ind­flyd­el­se på de ø­ko­no­mi­ske be­slut­ning­er, som regn­skabs­brug­er­ne træf­fer på grund­lag af års­regn­skab­et.Som led i en re­vi­si­on, der ud­fø­res i ov­er­ens­stem­mel­se med in­ter­na­tio­na­le stan­dard­er om re­vi­si­on og de yd­er­lig­ere krav, der er gæld­en­de i Dan­mark, fo­re­tag­er vi fag­lige vur­de­ring­er og op­ret­hold­er pro­fes­sio­nel skep­sis und­er re­vi­si­on­en. Her­ud­over:I­den­ti­fi­cer­er og vur­de­rer vi ri­si­ko­en for væ­sent­lig fejl­in­for­ma­ti­on i års­regn­ska­bet, u­an­set om den­ne skyld­es be­svig­el­ser el­ler fejl, ud­form­er og ud­fø­rer re­vi­si­ons­hand­ling­er som re­ak­tion på dis­se ri­si­ci samt op­når re­vi­si­ons­be­vis, der er til­stræk­ke­ligt og egn­et til at dan­ne grund­lag for vores kon­klu­si­on. Ri­si­ko­en for ik­ke at op­dage væ­sent­lig fejl­in­for­ma­ti­on for­år­sag­et af be­svig­el­ser er høj­ere end ved væ­sent­lig fejl­in­for­ma­ti­on for­år­sag­et af fejl, i­det be­svig­el­ser kan om­fat­te sam­men­svær­gel­ser, do­ku­ment­falsk, be­vid­ste ude­lad­el­ser, vild­led­ning el­ler til­si­de­sæt­tel­se af in­tern kon­trol.Op­når vi for­stå­el­se af den int­er­ne kon­trol med re­le­vans for re­vi­si­on­en for at kun­ne ud­for­me re­vi­si­ons­hand­ling­er, der er pas­sen­de ef­ter om­stæn­dig­hed­er­ne, men ik­ke for at kun­ne ud­tryk­ke en kon­klu­si­on om ef­fek­ti­vi­tet­en af sel­ska­bets in­ter­ne kon­trol.Tag­er vi stil­ling til, om den regn­skabs­prak­sis, som er an­vendt af led­el­sen, er pas­sen­de, samt om de regn­skabs­mæs­sige skøn og til­knyt­tede op­lys­ning­er, som led­el­sen har ud­ar­bej­det, er ri­me­li­ge.Kon­klu­de­rer vi, om led­el­sens ud­arbej­del­se af års­regn­skab­et på grund­lag af regn­skabs­prin­cip­pet om fort­sat drift er pas­sen­de, samt om der på grund­lag af det op­nå­ede re­vi­si­ons­be­vis er væ­sent­lig u­sik­ker­hed for­bund­et med be­giv­en­hed­er el­ler for­hold, der kan ska­be be­ty­de­lig tvivl om sel­ska­bets ev­ne til at fort­sæt­te drift­en. Hvis vi kon­klu­de­rer, at der er en væ­sent­lig u­sik­ker­hed, skal vi i vores re­vi­si­ons­på­tegn­ing gø­re op­mærk­som på op­lys­ning­er her­om i års­regn­skab­et el­ler, hvis så­dan­ne op­lys­ning­er ik­ke er til­stræk­ke­li­ge, mo­di­fi­ce­re vores kon­klu­si­on. Vores kon­klu­si­on­er er ba­se­ret på det re­vi­si­ons­be­vis, der er op­nå­et frem til da­to­en for vores re­vi­si­ons­på­tegn­ing. Frem­ti­di­ge be­gi­ven­hed­er el­ler for­hold kan dog med­fø­re, at selskabet ik­ke læng­ere kan fort­sæt­te drif­ten.Tager vi stilling til den samlede præsentation, struktur og indhold af års­regn­skab­et, herunder noteoplysningerne, samt om års­regn­skab­et afspejler de underliggende transaktioner og begivenheder på en sådan måde, at der gives et retvisende billede heraf.Planlægger og udfører vi revisionen af årsregnskabet for at opnå tilstrækkeligt og egnet revisionsbevis vedrørende de konsoliderede finansielle oplysninger for virksomhederne eller forretningsenhederne som grundlag for at udforme en konklusion om årsregnskabet. Vi er ansvarlige for at lede, føre tilsyn med og gennemgå det udførte revisionsarbejde. Vi er eneansvarlige for vores revisionskonklusion.Vi kom­mu­ni­ke­rer med den øv­er­ste led­el­se om blandt and­et det plan­lagte om­fang og den tids­mæs­sige pla­ce­ring af re­vi­si­on­en samt be­ty­de­li­ge re­vi­si­ons­mæs­si­ge ob­ser­va­ti­on­er, her­und­er ev­en­tu­el­le be­ty­de­li­ge mang­ler i int­ern kon­trol, som vi i­den­ti­fi­ce­rer und­er re­vi­si­on­en. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.Conclude on the appropriateness of management's use of the going concern basis of accounting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.Evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.Plan and perform the audit of the Financial Statements to obtain sufficient appropriate audit evidence regarding the consolidated financial information of the entities or business units as a basis for forming an opinion on the Financial Statements. We are responsible for the direction, supervision and review of the audit work performed. We remain solely responsible for our audit opinion.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Udtalelse om ledelsesberetningenLed­el­sen er an­svar­lig for led­el­ses­be­ret­ning­en.Vores kon­klu­si­on om års­regn­skab­et om­fat­ter ik­ke led­el­ses­be­ret­ning­en, og vi ud­tryk­ker ing­en form for kon­klu­si­on med sik­ker­hed om led­el­ses­be­ret­ning­en.I til­knyt­ning til vores re­vi­si­on af års­regn­skab­et er det vores an­svar at læse led­el­ses­be­ret­ning­en og i den for­bind­el­se ov­er­ve­je, om led­el­ses­be­ret­ning­en er væ­sent­ligt in­kon­si­stent med års­regn­skab­et el­ler vores vi­den op­nå­et ved re­vi­si­on­en el­ler på and­en må­de sy­nes at in­de­hol­de væ­sent­lig fejl­in­for­ma­ti­on.Vores an­svar er der­ud­ov­er at ov­er­ve­je, om led­el­ses­be­ret­ning­en in­de­hold­er kræ­ve­de op­lys­ning­er i hen­hold til års­regn­skabs­lov­en.Ba­se­ret på det ud­før­te ar­bej­de er det vores op­fat­tel­se, at led­el­ses­be­ret­ning­en er i over­ens­stem­mel­se med års­regn­skab­et og er ud­ar­bej­det i over­ens­stem­mel­se med års­regn­skabs­lov­ens krav. Vi har ik­ke fund­et væ­sent­lig fejl­in­for­ma­ti­on i led­el­ses­be­ret­ning­en. Statement on management's reviewManagement is responsible for management's review.Our opinion on the financial statements does not cover management's review, and we do not express any form of assurance conclusion thereon.In connection with our audit of the financial statements, our responsibility is to read management's review and, in doing so, consider whether management's review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.Moreover, it is our responsibility to consider whether management's review provides the information required under the Danish Financial Statements Act.Based on the work we have performed, we conclude that management's review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement of management's review. København 2025-09-05 Forvis Mazars Monica Häckert Raavig statsautoriseret revisor mne48484 Set over en 5-årig periode kan sel­ska­bets udvikling beskrives ved følgende hoved- og nøgletal:Nøg­le­tal­le­ne er ud­ar­bej­det i o­ver­ens­stem­mel­se med Finansfor­e­ningens an­be­fa­lin­ger og vej­led­ning. Der hen­vi­ses til de­fi­ni­tio­ner i af­snit­tet for an­vendt regn­skabs­prak­sis. Seen over a 5-year period, the development of the Company may be described by means of the following financial highlights:The financial ratios are calculated in accordance with the Danish Finance Society's recommendations and guidelines. For definitions, see the summary of significant accounting policies. 622369456 451601404 335308291 97324413 61985757 38653981 102975100 87135170 98681357 92280362 39489902 147034870 123560912 52346996 519090615 481398778 275222892 0 110821 1155080 175304 1106085 363137263 334790892 211644801 53 51 45 7.7 10.0 12.7 9.7 6.5 73.2 73.0 70.0 69.5 76.9 26.2 31.2 42.1 45.2 28.2 Selskabets væ­sent­lig­ste ak­ti­vi­te­terVirksomheden markedsfører og sælger familiespil, samlekort og legetøj samt hertil relaterede produkter. Koncernens produkter afsættes hovedsageligt i Norden og i Benelux. Business reviewThe company markets and sell family games, trading cards, toys and related products. The products of the corporate group are sold mainly in Scandinavia and in the Benelux. Usædvanlige forholdSelskabets ak­ti­ver, pas­si­ver og fi­nan­si­el­le stil­ling pr. 31. marts 2025 samt re­sul­ta­tet af selskabets ak­ti­vi­te­ter for regn­skabs­året 2024/25 er ik­ke på­vir­ket af u­sæd­van­li­ge for­hold. Unusual mattersThe company's financial position at 31 March 2025 and the results of its operations for the financial year ended 31 March 2025 are not affected by any unusual matters. Udviklingen i aktiviteter og økonomiske forholdSelskabets resultatopgørelse for 2024/25 udviser et overskud på kr. 149.950.511, og selskabets balance pr. 31. marts 2025 udviser en egenkapital på kr. 648.596.434. Financial review The company's income statement for the year ended 31 March 2025 shows a profit of kr. 149.950.511, and the balance sheet at 31 March 2025 shows equity of kr. 648.596.434. Virksomhedens forventede ud­vik­ling, her­un­der sær­li­ge for­ud­sæt­nin­ger og u­si­kre fak­to­rerMarkedet for virksomhedens produkter er stabilt og kunderne, som består af en lang række virksomheder indenfor legetøj, boghandel, kioskdistribution samt detailhandlere har hidtil været tilfredse med såvel produkter som leveringssikkerhed og kvalitet. Koncernen er ikke afhængig af enkelte større kunder. Koncernens leverandører forventes også fremover at være stabile.   Den igangværende priskonkurrence forventes at fortsætte, hvorfor der fortsat forventes en faldende udvikling i handelsavancerne. Det er forventningen, at tilhørsforholdet til Asmodee Gruppen vil kunne medvirke til at opnå bedre indkøbspriser. Ledelsen forventer, at de lavere handelsavancer dels kan kompenseres gennem et øget aktivitetsniveau, som følge af nye markedsføringstiltag samt den løbende introduktion af nye produkter.   Uanset forbedringen i markedet samt gennemførte markedstiltag, forventes der i 2025/26, som følge af priskonkurrencen, en indtjening på niveau med 2024/25. Expected development of the company, including specific prerequisites and uncertaintiesThe market for the company's products is stable and customers which consist of a number of companies within toys, book shops, convenient shops, and retailers have so far been satisfied with products as well as supply security and quality. The company is not dependent on one or more large customers. The company suppliers are also expected to remain stable in the future.   The present price competition is expected to continue, and continued reduced profit margin is expected. It is however the expectation that being part of the Asmodee Group could lead to improved purchase prices. Management expects that lower profit margins partly can be compensated by an increased activity due to new marketing as well as the ongoing introduction of new products and partly by continued improvements in purchase prices.   Despite the improvement in the market as well as implemented market initiatives, management expects a profit on same level for 2025/26 compared to 2024/25 due to the increased price competition. Virk­som­he­dens vi­den res­sour­cer, hvis de er af sær­lig be­tyd­ning for den frem­ti­di­ge ind­tje­ningVirksomheden er afhængig af en fortsat introduktion af nye produkter. Det er derfor afgørende, at koncernen også i fremtiden er i stand til at tiltrække og fastholde kreative og motiverede medarbejdere. Virksomhedens tilhørsforhold til Asmodee Gruppen vil understøtte dette. The company's knowledge resources if of particular importance to its future earningsThe Company is dependent on a continued introduction of new products. It is therefore essential that the group, also in the future, will be able to attract and retain creative and motivated employees. The Companys association with Asmodee Group will support this. Virksomhedens påvirkning af det eksterne mil­jø og foranstaltninger til fore­byg­gel­se, re­duk­tion mv.Virksomheden opfylder lovgivningens krav på miljøområdet. Virksomhedens natur taget i betragtning er den direkte miljøpåvirkning yderst begrænset. Impact on the external environment and measures taken to prevent, reduce or mitigate damageThe Company fulfills the requirements of the environmental legislation. Considering the nature of the company, the direct environmental impact is very limited. Forsknings- og udviklingsaktiviteter i eller for virksomhedenVirksomheden har ingen forsknings- og udviklingsaktiviteter. Research and development activities in or for the companyThe Company has no research and development activities. Filialer i udlandetVirksomheden har ingen filialer i udlandet. Foreign branchesThe Company has no foreign branches. Lovpligtig redegørelse for sam­funds­an­svarMiljøforhold: Generelt kan der fra virksomheden henvises til moderselskabet Embracer Group's Sustainability Report 24/25 for samfundsansvar.   Link: https://embracer.com/wp-content/uploads/2025/06/Embracer-Group-Sustainability-Report-2024-25.pdf.   Virksomheden arbejder videre med indsats for at blive grønnere som virksomhed. I dette bruger vi 100% affaldssortering, genbrug af pap og kasse fyld.  Samtidigt er vi i gang med en aktiv omstilling fra engangsplast i vores produkter, hvor det er muligt gennem alternative produkter (træ eller andre biomaterialer) eller udeladelse. Desuden følger virksomheden både Asmodee og øverste moderselskab Embracer’s politikker indenfor samfundsansvar.Virksomheden har desuden en procedure for leverandører, som kræver at disse lever op til miljøkrav og ønsker, når det gælder produktion, forurening, mm. Henvisning her til s. 6 Embracer Groups Supplier Code of ConductDer er udarbejdet en leverandør Code of Conduct, der følger Asmodee Gruppens guidelines (GAN Supplier Code). Denne skal underskrives af alle leverandører før samarbejde kan startes. Denne Code of Conduct udleveres til alle vores ansatte og findes tilgængelig på virksomhedens hjemmeside.Link:https://embracer.com/wp-content/uploads/2024/01/Embracer-Code-of-Conduct.pdf Udlejer har efter krav fra virksomheden udskiftet ældre ikke miljøvenligt udstyr i 2024/25.Sociale forhold (medarbejderforhold):Virksomheden har en fungerende arbejdsmiljøgruppe, som er aktive med tiltag og åbne for direkte henvendelser / ideer fra de ansatte. Alle medarbejdere opfordres til konstant feedback omkring forhold – sociale som arbejdsforhold, i stedet for at afvente vores periodiske MUS samtaler.Samtidigt gennemgår alle virksomhedens ansatte jævnligt træning og læring omkring emner der omhandler god og tryg interaktion mellem ansatte (imod mobning, chikane, mm).Virksomheden afholder desuden flere sociale begivenheder, hvor de ansatte kan omgås kollegaer på en mere afslappet og uformel måde.Asmodee Nordics udførte i 2024 firmaets tredje medarbejder tilfredshedsundersøgelse. Vi fik et meget positivt resultat. Resultatet var på 86 af 99 mulige. Op fra 77 af 99 i 2023. Resultatet var bedre end gennemsnittet i Asmodee Gruppen. Virksomheden vil efterfølgende lave en evaluering for at søge forbedringer for tilfredsheden. Denne proces er allerede igangsat for at sikre et endnu bedre arbejdsmiljø for alle ansatte.Menneskerettigheder:Virksomheden afkræver alle leverandører grundig rapportering omkring arbejdsforhold, arbejdsstyrker og generelle produktionsforhold, sådan at vores produkter er fremstillet under gode forhold, der forhindrer børnearbejde, ekstreme arbejdstider, sikkerhedsforanstaltninger, mm. Antikorruption og bestikkelse Korruption er kriminelt og skadeligt for samfundet, samt en forhindring i at kunne drive en ansvarlig og bæredygtig virksomhed.Asmodee Nordics anser dette område for at have en begrænset risiko. Asmodee Nordics har forpligtet sig og sat sig ind i alle lokale lovkrav, det er virksomheden underlagt på alle vores markeder.Vi stiller samme krav til alle vores leverandører.Fra 2019 har vi implementeret et antikorruption og bestikkelses program, der blandt andet betyder at alle medarbejdere i Asmodee Nordics skal tage og bestå et online kursus på GAN compliance platform om korruption og bestikkelse. Programmet bliver løbende opdateret.Der er i 2024/25 ikke konstateret nogen forhold.Whistleblowerordning:Virksomheden har en Whistleblowerordning gennem Embracer Group WhistleB. Der har ikke været nogle henvendelser i 2024/25. Statutory corporate social responsibility reportEnvironmental conditions: Overall the company refers to the parent company Embracer Group’s Sustainability Report 24/25 for Social responsibility.   Link: https://embracer.com/wp-content/uploads/2025/06/Embracer-Group-Sustainability-Report-2024-25.pdf.   The company continues working on efforts to becoming greener as a company. In this we use 100% waste sorting, cardboard and box filling recycling. At the same time, we are in the process of an active change from disposable plastics in our products which is possible through alternative products (wood or other biomaterials) or omission. The company complies with Asmodee’s politics for corporate responsibility as well as the politics set out by our parent company, Embracer.Furthermore, the company has a procedure for suppliers, which require them to meet environmental requirements and wishes when it comes to production, pollution, etc. Reference to this on page 6 of Embracer Groups Supplier Code of Conduct.We have a Code of Conduct for our suppliers that adheres to the Asmodee Group’s guidelines (GAN Supplier Code). All our suppliers are obligated to sign this before further collaboration can be initiated. The Code of Conduct for our suppliers is distributed to all our employees and available on our company’s website.Linkhttps://embracer.com/wp-content/uploads/2024/01/Embracer-Code-of-Conduct.pdfThe landlord has replaced older, non-environmentally friendly equipment in 2024/25, as required by the company.Social conditions (employee conditions):The company has a functional workplace environment group which is active, takes initiative and open for direct inquiries / ideas from the employees. All employees are encouraged to give constant feedback regarding conditions – social and working conditions, instead of awaiting our periodic employee development meetings.At the same time, all the company’s employees go through frequent training and learning regarding subjects concerning good and safe interaction between employees (against bullying, harassment, etc.)Furthermore, the company arrange several social events, where the employees can socialize with their colleagues in a more relaxed and informal manner.In 2024, Asmodee Nordics carried out the company's third employee satisfaction survey. We got a very positive result. The result was 86 out of 99 possible. Up from 77 out of 99 in 2023. The result was above average result in the Asmodee Group. The company will subsequently carry out an evaluation to seek improvement for our employee satisfaction even more. This process has already been initiated to ensure an even better working environments for all employees.Human rights:The company demands all suppliers thorough reporting regarding working conditions, workforce, and general production conditions in such a way that our products are produced under good conditions which prevent child labour, extreme working hours, safety precautions, etc. Anti-corruption and bribery Corruption is criminal and damaging for the community and an obstacle to be able to run a responsible and sustainable operationAsmodee Nordics regard this field to have limited risk. Asmodee Nordics has committed themselves to and familiarized themselves with all local legal requirements it is the company subject to in all our markets.We make the same demands to all our suppliers.As of 2019 we have implemented an anti-corruption and bribery program, which among other things means that alle employees in Asmodee Nordics shall take and graduate an online course on GAN compliance platform regarding corruption and bribery. The program will be updated continuously.No conditions have been identified in 2024/25.Whistleblower:The company has had a Whistleblower scheme through Embracer Group WhistleB. There have been no inquiries in 2024/25. Beskrivelse af måltal vedrørende det underrepræsenterede kønStatus for opfyldelsen af måltallet for det underrepræsenterede kønLedelsen hos Asmodee Nordics har løbende og mindst én gang årligt gennemgang af virksomhedens struktur, herunder ledelsesstruktur, krav til kvalifikationer og profiler på de enkelte ledelsesniveauer. Ledere af Asmodee Nordics forskellige afdelinger, har altid været rekrutteret/udnævnt og identificeret primært ud fra betragtninger omkring baggrund af kvalifikationer og match af den ønskede ledelsesprofil i forhold til den aktuelle lederstilling, uanset køn, race, nationalitet eller religiøs overbevisning. Samtidigt har Asmodee Nordics haft et udtalt ønske om at ansætte ”indefra” først. Ledelsen har siden 2019 haft kontinuerlig fokus på, at der har eksisteret en skæv kønssammensætning i ledelsen (og virksomheden generelt). Dette har forskellige baggrunde, herunder en øget tiltrækning af vores produkter fra det ene køn. Hvilket så generelt har haft en skæv ansøger og interessefelt ved åbning af nye stillinger eller udskiftninger i staben. Samtidigt er 50% af Asmodee Nordics medarbejdere ansat på lager, hvilket også har en skævvridning kønsmæssigt.Ledelsen anerkender fordelene ved en bredt sammensat ledelse i forhold til køn, kulturel baggrund og erfaring. Dette betyder at vi aktivt fra 2019 har fastlagt et fokus på udligning af kønnene i ledelsen.   I dette har vi lavet beslutninger om, at der kommer en udligning i køns sammensætningen aktivt ved udskiftninger i ledelsen og direktionen. Asmodee Nordics har også lavet flere tiltag for at kunne tiltrække en mere blandet sammensætning (og fastholdelse) af medarbejdere. I dette har vi prioriteret og gennemført siden 2019, at kunne tilbyde elementer til medarbejderne som: 9mdr fuld barsel, flextid, hjemmearbejdsplads og 5 ekstra omsorgsdage.. Description of target figures for the underrepresented genderStatus of achievement of target figure of underrepresented genderThe management of Asmodee Nordics has continuously and at least one time yearly review of the company’s structure, including management structure, quality requirements and profiles at the individual management levels. Managers of Asmodee Nordics’ various departments has always been recruited / appointed and identified primarily based on considerations of qualifications and match of the required management profile compared to the actual management position, regardless of gender, race, nationality, or religious belief. At the same time, Asmodee Nordics has had a pronounced desire to hire from “within” first. Since 2019, the management has had continuous focus on there has been an unequal gender composition in management (and the company in general). This has different reasons including an increased attraction for our products from one gender. Which in such a way generally has had an unequal applicant and field of interest at the opening of new jobs or replacements in staffs. At the same time, 50 % of the employees of Asmodee Nordics are hired to the warehouse which also has a disproportion regarding gender.The management acknowledge the advantages of a broad composite management regarding gender, cultural background, and experience. This means that we in 2019 actively have had focus on equalizing genders in management.In this we have decided that there will be an equalization in the gender composition actively by replacements in management and board of directors. Asmodee Nordics has also made several initiatives to attract a more mixed disposition (and retention) of employees. In this we have since 2019 prioritized and completed to be able to offer elements to the employees such as: 9 months full maternity leave, flexible working hours, home office, and 5 extra family days.. Redegørelse for virksomhedens politik for dataetikLink til redegørelse for virksomhedens politik for dataetikhttps://embracer.com/governance/data-privacy-center/ Statement of policy for data ethicsLink to statement of policy for data ethicshttps://embracer.com/governance/data-privacy-center/ Virksomhedens politik for dataetik oplyses ikke, men forefindes på koncernniveauVirksomheden følger Embracer Group og Asmodee Gruppens fokus og regler på korrekt håndtering af data, både på kunder, leverandører og medarbejdere. Der er i virksomheden en aktiv opmærksomhed imod GDPR-håndtering og løbende opdatering herom. Virksomheden behandler ikke data eller anvender algoritmer til dataanalyse, og dette er ikke en integreret del af virksomhedens forretningsstrategi og forretningsaktiviteter. Description of the disclosing of statement of policy for data ethics is not given, but is given on consolidated levelThe company adheres to the Embracer Group and Asmodee Group's focus and requirements on accurate handling of data, including data from both customers, suppliers and employees. We pay continuous attention towards GDPR and follow any updates in the regulation closely. The company does not handle data or use algorithmics for data analysis, and this is not an integrated part of the company’s business strategy and business activities. https://embracer.com/governance/data-privacy-center/ Årsrapporten for Asmodee Nordics A/S for 2024/25 er aflagt i overensstemmelse med årsregnskabslovens bestemmelser for sto­re virk­som­he­der i regn­skabs­klas­se C.Den an­vend­te regn­skabs­prak­sis er u­æn­dret i for­hold til sid­ste år.Årsrapporten for 2024/25 er aflagt i kr.   Selskabet har i henhold til årsregnskabslovens § 86,4 undladt at udarbejde pengestrømsopgørelse. Pengestrømsopgørelsen er inkluderet i årsrapporten for Financiere Amuse TopCo, Frankrig. The annual report of Asmodee Nordics A/S for 2024/25 has been prepared in accordance with the provisions of the Danish Financial Statements Act ap­plying to large en­ter­pri­ses of re­por­ting class C .The accounting policies applied are consistent with those of last year.The annual report for 2024/25 is pre­sen­ted in kr.   Pursuant to section §86,4, of the Danish Financial Statements Act, the company has not prepared cash flow statement. Cash flow statement is included in the financial report for Financiere Amuse TopCo, France. Selskabet har i hen­hold til års­regn­skabs­lov­ens §112 und­ladt at ud­ar­bej­de kon­cern­regn­skab. Pursuant to sections §112, of the Danish Financial Statements Act, the company has not prepared consolidated financial statements. I re­sul­tat­op­gø­rel­sen ind­reg­nes ind­tæg­ter i takt med, at de ind­tje­nes. Her­ud­over ind­reg­nes vær­di­re­gu­le­ring­er af fi­nan­si­el­le ak­ti­ver og for­plig­tel­ser. I re­sul­tat­op­gø­rel­sen ind­reg­nes li­ge­le­des al­le om­kost­nin­ger, her­under af­skriv­nin­ger og ned­skriv­nin­ger. Ak­ti­ver ind­reg­nes i ba­lan­cen, når det er sand­syn­ligt, at frem­ti­di­ge ø­ko­no­mis­ke for­de­le vil til­fly­de sel­ska­bet, og ak­ti­vets vær­di kan må­les på­li­de­ligt.For­plig­tel­ser ind­reg­nes i ba­lan­cen, når det er sand­syn­ligt, at frem­ti­di­ge ø­ko­no­mis­ke for­de­le vil fra­gå sel­ska­bet, og for­plig­tel­sens vær­di kan må­les på­li­de­ligt.Ved før­ste ind­reg­ning må­les ak­ti­ver og for­plig­tel­ser til kost­pris. Ef­ter­­føl­gen­de må­les ak­ti­ver og for­­plig­tel­ser som be­skre­vet for hver en­kelt regn­skabs­post ne­den­for.Vis­se fi­nan­si­el­le ak­ti­ver og for­plig­tel­ser må­les til a­mor­ti­se­ret kost­pris, hvor­ved der ind­reg­nes en kon­stant ef­fek­tiv ren­te over lø­be­ti­den. A­mor­ti­se­ret kost­pris op­gø­res som op­rin­de­lig kost­pris med fra­drag af e­ven­tu­el­le af­drag samt til­læg/fra­drag af den ak­ku­mu­le­re­de a­mor­ti­se­ring af for­skel­len mel­lem kost­pris og no­mi­nelt be­løb. Ved ind­reg­ning og må­ling ta­ges hen­syn til for­ud­si­ge­li­ge tab og ri­si­ci, der frem­kom­mer, in­den årsrapporten af­læg­ges, og som be- el­ler af­kræf­ter for­hold, der ek­si­ste­re­de på ba­lan­ce­da­gen. Income is recognised in the income statement as earned, including value adjustments of financial assets and liabilities. All expenses, including amortisation, depreciation and impairment losses, are also recognised in the income statement.Assets are recognised in the balance sheet when it is probable that future economic benefits will flow to the company and the value of the asset can be measured reliably.Liabilities are recognised in the balance sheet when it is probable that future economic benefits will flow from the company and the value of the liability can be measured reliably.On initial recognition, assets and liabilities are measured at cost. On subsequent recognition, assets and liabilities are measured as described below for each individual accounting item.Certain financial assets and liabilities are measured at amortised cost using the effective interest method. Amortised cost is calculated as the historic cost less any installments and plus/less the accumulated amortisation of the difference between the cost and the nominal amount. On recognition and measurement, allowance is made for predictable losses and risks which occur before the annual report is presented and which confirm or invalidate matters existing at the balance sheet date. Ind­tæg­ter ved salg af hand­els­var­er og fær­dig­var­er ind­reg­nes i re­sul­tat­op­gø­rel­sen, hvis ri­si­ko­ov­er­gang, nor­malt ved le­ve­ring til kø­ber, har fun­det sted, og hvis ind­tæg­ten kan op­gø­res på­li­de­ligt og for­ven­tes mod­tag­et. Income from the sale of goods for resale and finished goods is recognised in the income statement, provided that the transfer of risk, usually on delivery to the buyer, has taken place and that the income can be measured reliably and is expected to be received. Vareforbrug in­de­hold­er det for­brug af handelsvarer, der er an­vendt for at op­nå år­ets net­to­om­sæt­ning. Include the consumables used in generating the year’s revenue. Andre driftsindtægter indeholder regnskabsposter af sekundær karakter i forhold til virksomhedens aktiviteter. The item Other operating income includes items of a secondary nature relative to the company’s activities. Andre eksterne omkostninger om­fat­ter om­kost­ning­er til dis­tri­bu­tion, salg, re­kla­me, ad­mi­ni­stra­tion, lo­kal­er, tab på de­bi­tor­er, mv. Other external expenses include expenses related to distribution, sale, advertising, administration, premises, bad debts, etc. Per­so­na­le­om­kost­ning­er om­fat­ter løn og ga­ger, in­klu­si­ve fe­rie­pen­ge og pen­sion­er samt an­dre om­kost­ning­er til so­ci­al si­kring mv. til sel­skab­ets med­ar­bej­de­re. Staff costs include wages and salaries, including compensated absence and pensions, as well as other social security contributions, etc. made to the entity's employees. Af- og ned­skriv­nin­ger in­de­hol­der år­ets af- og ned­skriv­nin­ger af ma­te­ri­el­le an­lægs­ak­ti­ver. Amortisation, depreciation and impairment losses comprise the year's amortisation, depreciation and impairment on tangible assets. I virk­som­he­dens re­sul­tat­op­gø­rel­se ind­reg­nes den for­holds­mæs­si­ge an­del af de en­kel­te dat­ter­virk­som­he­ders re­sul­tat ef­ter skat ef­ter fuld e­li­mi­ne­ring af in­tern a­van­ce/tab. The proportionate share of the profit/loss for the year of subsidiaries is recognised in the company's income statement after full elimination of intra-group profits/losses. Finansielle ind­tæg­ter og om­kost­nin­ger ind­reg­nes i re­sul­tat­op­gø­rel­sen med de be­løb, der ved­rø­rer regn­skabs­året. Fi­nan­siel­le pos­ter om­fat­ter ren­te­ind­tæg­ter og -om­kost­nin­ger, gæld og transaktioner i fremmed valuta, samt tillæg og godtgørelse under acontoskatteordningen mv. Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. Net financials include interest income and expenses, and losses on securities and foreign currency transactions, and allowances under the advance-payment-of-tax scheme, etc. Den ak­tu­el­le dan­ske sel­skabs­skat for­del­es ved af­reg­ning af sam­be­skat­nings­bi­drag mel­lem de sam­be­skat­te­de virk­som­hed­er i for­hold til dis­ses skat­te­plig­ti­ge ind­komst­er. I til­knyt­ning her­til mod­tag­er virk­som­hed­er med skat­te­mæs­sigt un­der­skud sam­be­skat­nings­bi­drag fra virk­som­hed­er, der har kun­net an­ven­de det­te und­er­skud til ned­sæt­tel­se af eg­et skat­te­mæs­sigt over­skud.Årets skat, som be­står af årets ak­tuel­le sel­skabs­skat og æn­dring i ud­skudt skat, ind­reg­nes i re­sul­tat­op­gø­rel­sen med den del, der kan hen­fø­res til årets re­sul­tat, og di­rek­te i egen­ka­pi­ta­len med den del, der kan hen­føres til po­ste­rin­ger di­rek­te i egen­ka­pi­ta­len. On payment of joint taxation contributions, the current Danish income tax is allocated between the jointly taxed entities in proportion to their taxable income. Entities with tax losses receive joint taxation contributions from entities that have been able to use tax losses to reduce their own taxable profits.Tax for the year, which comprises the current tax charge for the year and changes in the deferred tax charge, including changes arising from changes in tax rates, is recognised in the income statement and directly to equity for the portion attributable to amounts recognized directly in equity. Materielle anlægsaktiver mål­es i balancen til kost­pris med fra­drag af ak­ku­mu­le­re­de af­skriv­ning­er eller til genindvindingsværdien, hvor denne er lavere.Af­skriv­nings­grund­la­get er kost­pris med fra­drag af for­ven­tet rest­vær­di ef­ter af­slut­tet brugs­tid.Kost­pris om­fat­ter an­skaf­fel­ses­pri­sen og om­kost­nin­ger di­rek­te til­knyt­tet an­skaf­fel­sen ind­til det tids­punkt, hvor ak­ti­vet er klar til brug. For eg­ne frem­stil­le­de ak­ti­ver om­fat­ter kost­pri­sen di­rek­te og in­di­rek­te om­kost­nin­ger til ma­te­ri­al­er, kom­po­nen­ter, und­er­le­ve­ran­dør­er og løn.Der fo­re­tag­es li­neæ­re af­skriv­ning­er ba­se­ret på føl­gen­de vur­de­ring af ak­ti­ver­nes for­ven­te­de brugs­tider og rest­vær­di­er:  Brugstid Restværdi Useful life Residual value An­dre an­læg, drifts­ma­te­ri­el og in­ven­tar 3-5 år 0 %Other fixtures and fittings, tools and equipment 3-5 years 0 %Ind­ret­ning af le­je­de lo­ka­ler 5 år 0 %Leasehold improvements 5 years 0 %Fortjeneste og tab ved salg af materielle anlægsaktiver opgøres som forskellen mellem salgsprisen med fradrag af salgsomkostninger og den regnskabsmæssige værdi på salgstidspunktet.   Fortjeneste eller tab ved salg af materielle anlægsaktiver indregnes i resultatopgørelsen under andre driftsindtægter henholdsvis andre driftsomkostninger. Tangible assets are measured in the balance sheet at the lower of cost less accumulated depreciation and recoverable amount.The depreciable amount is cost less the expected residual value at the end of the useful life.Cost comprises the purchase price and any costs directly attributable to the acquisition until the date when the asset is available for use. The cost of self-constructed assets comprises direct and indirect costs of materials, components, sub-suppliers and wages.Straight-line depreciation is provided on the basis of the following estimated useful lives of the assets:Gains and losses on the sale of items of property, plant and equipment are calculated as the difference between the selling price, less costs to sell, and the carrying amount at the time of sale.   Gains or losses on the sale of items of property, plant and equipment are recognised in the income statement under other operating income or other operating expenses, respectively. Kapitalandele i dat­ter­virk­som­he­der indregnes og må­les efter den indre værdis metode, hvilket indebærer, at kapitalandele måles til den forholdsmæssige andel af virksomhedens regnskabsmæssige indre værdi reguleret for resterende værdi af positiv eller negativ goodwill samt urealiserede koncerninterne fortjenester og tab. I resultatopgørelsen indregnes andelen af urealiserede koncerninterne fortjenester og tab.   Kapitalandele i dattervirksomheder med regnskabsmæssig negativ værdi måles til DKK 0. Et eventuelt tilgodehavende hos disse virksomheder nedskrives i det omfang, tilgodehavendet er uerholdeligt. I det omfang modervirksomheden har en retlig eller faktisk forpligtelse til at dække en underbalance, der overstiger tilgodehavendet, indregnes det resterende beløb under hensatte forpligtelser.   Ved køb af virksomheder anvendes overtagelsesmetoden. Equity Investments in subsidiaries are recognized and measured according to the equity method, meaning that the equity investments are measured at the pro-rata share of the enterprises' equity value adjusted for the remaining value of positive and negative goodwill and unrealised intercompany gains and losses. The share of the enterprises' profit or loss after elimination of unrealised intercompany profits and losses in recognized in the income statement.   Equity investments in subsidiaries with a negative carrying amount are measured at DKK 0. Any receivables from such enterprises are impaired to the extent that such receivables are irrecoverable. If the parent has a legal or constructive obligation to cover a deficit which exceeds the receivable, the remaining amount is recognized under provisions.   Acquisitions are accounted for using the purchase method. Den regn­skabs­mæs­si­ge vær­di af ma­te­ri­el­le an­lægs­ak­ti­ver samt ka­pi­tal­an­de­le i dat­ter­virk­som­he­der vur­der­es år­ligt for in­di­ka­tion­er på vær­di­for­ring­el­se, ud ov­er det som ud­tryk­kes ved af­skriv­ning.Fo­re­lig­ger der in­di­ka­tion­er på vær­di­for­rin­gel­se, fo­re­tag­es ned­skriv­nings­test af hvert en­kelt ak­tiv el­ler grup­pe af ak­ti­ver. Der fo­re­ta­ges ned­skriv­ning til gen­ind­vin­dings­vær­di­en, hvis den­ne er la­ve­re end den regn­skabs­mæs­si­ge vær­di.Gen­ind­vin­dings­vær­di er den høj­es­te vær­di af ka­pi­tal­vær­di og salgs­vær­di fra­truk­ket for­ven­te­de om­kost­nin­ger ved et salg. Ka­pi­tal­vær­di­en op­gø­res som nu­tids­vær­di­en af de for­ven­te­de net­to­pen­ge­strøm­me fra an­vend­el­se af ak­tiv­et el­ler ak­tiv­grup­pen og for­ven­te­de net­to­pen­ge­strøm­me ved salg af ak­tiv­et el­ler ak­tiv­grup­pen ef­ter endt brugs­tid. The carrying amount of tangible assets and investments in subsidiaries is reviewed for impairment, other than what is reflected through normal amortisation and depreciation, on an annual basis.Where there is evidence of impairment, an impairment test is performed for each individual asset or group of assets. Write-down is made to the lower of the recoverable amount and the carrying amount.The recoverable amount is the higher of the net present value and the value in use less expected costs to sell. The net present value is determined as the present value of the anticipated net cash flows from the use of the asset or group of assets and the anticipated net cash flows from the disposal of the asset or group of assets after the end of their useful life. Varebeholdninger må­les til kost­pris ef­ter FIFO-me­to­den.  Er net­to­rea­li­sa­tions­vær­di­en la­ve­re end kost­pri­sen, ned­skri­ves til den­ne la­ve­re vær­di.Kost­pris for han­dels­var­er om­fat­ter an­skaf­fel­ses­pris med til­læg af hjem­ta­gel­ses­om­kost­ning­er.Net­to­reali­sa­tions­vær­di­en for varebeholdninger op­gø­res som for­ven­tet salgs­pris med fra­drag af di­rek­te fær­dig­gø­rel­ses­om­kost­nin­ger og om­kost­nin­ger, der af­hol­des for at ef­fek­tu­ere sal­get. Vær­di­en fast­sæt­tes un­der hen­syn­ta­gen til va­re­be­hold­nin­gers om­sæt­te­lig­hed, u­ku­rans og for­ven­tet ud­vik­ling i salgs­pris. Stocks are mea­sured at cost using the FIFO method.  Where the net realisable value is lower than the cost, inventories are recognised at this lower value.The cost of goods for resale comprises the purchase price plus delivery costs.The net realisable value of stocks is calculated as the expected selling price less direct costs of completion and expenses incurred to effect the sale. The net realisable value is determined taking into account marketability, obsolescence and expected selling price movements. Til­go­de­hav­en­der må­les til a­mor­ti­se­ret kost­pris. Receivables are measured at amortised cost. Periodeafgrænsningsposter, ind­reg­net un­der om­sæt­nings­ak­ti­ver, om­fat­ter af­hold­te om­kost­ning­er ved­rø­ren­de ef­ter­føl­gen­de regn­skabs­år. Prepayments comprise costs incurred related to subsequent financial years. Lik­vi­der om­fat­ter li­kvi­de be­hold­ning­er hvor­på der kun er u­be­ty­de­lig ri­si­ko for vær­di­æn­drin­ger. Cash and cash equi­va­lents consists of cash and are subject to insignificant risks of changes in value. Re­ser­ve for net­to­op­skriv­ning ef­ter den in­dre vær­dis me­to­deReserve for nettoopskrivning efter indre værdis metode i sel­ska­bets årsregnskab omfatter nettoopskrivning af kapitalandele i dattervirksomheder i forhold til kostpris.Ud­byt­teFo­re­slå­et ud­byt­te vi­ses som en sær­skilt post un­der e­gen­ka­pi­ta­len. Ud­byt­te ind­reg­nes som en for­plig­tel­se på tids­punk­tet for ved­ta­gel­se på ge­ne­ral­for­sam­ling­en. Reserve for net revaluation according to the equity methodThe reserve for net revaluation according to the equity method comprises net revaluation of investments in subsidiaries relative to the cost.DividendsProposed dividends are disclosed as a separate item under equity. Dividends are recognised as a liability when declared by the annual general meeting of shareholders. Ak­tu­el­le skat­te­for­plig­tel­ser og til­go­de­ha­ven­de ak­tuel skat ind­reg­nes i ba­lan­cen som be­reg­net skat af årets skat­te­plig­ti­ge ind­komst, re­gu­le­ret for skat af tid­li­ge­re års skat­te­plig­ti­ge ind­komster samt for be­tal­te a­con­to­skat­ter.Ud­skudt skat må­les ef­ter den ba­lan­ce­o­ri­en­te­re­de gælds­me­to­de af mid­ler­ti­di­ge for­skel­le mel­lem regn­skabs­mæs­sig og skat­te­mæs­sig vær­di af ak­ti­ver og for­plig­tel­ser op­gjort på grund­lag af den plan­lag­te an­ven­del­se af ak­ti­vet hen­holds­vis af­vik­ling af for­plig­tel­sen. Ud­skudt skat må­les til net­to­rea­li­sa­tions­vær­di.Ud­skud­te skat­te­ak­ti­ver, her­un­der skat­te­vær­di­en af frem­før­sels­be­ret­ti­get skat­te­mæs­sigt un­der­skud, må­les til den vær­di, hvor­til ak­ti­vet for­ven­tes at kun­ne re­a­li­se­res, en­ten ved ud­lig­ning i skat af frem­ti­dig ind­tje­ning el­ler ved mod­reg­ning i ud­skud­te skat­te­for­plig­tel­ser in­den for sam­me ju­ri­dis­ke skat­te­en­hed. Even­tu­el­le ud­skudte net­to­skat­te­ak­ti­ver måles til nettorealisationsværdi. Current tax liabilities and current tax receivables are recognised in the balance sheet as the estimated tax on the taxable income for the year, adjusted for tax on the taxable income for previous years and tax paid on account.Deferred tax is measured according to the liability method in respect of temporary differences between the carrying amount of assets and liabilities and their tax base, calculated on the basis of the planned use of the asset and settlement of the liability, respectively. Deferred tax is measured at net realisable value.Deferred tax assets, including the tax base of tax losses allowed for carry forward, are measured at the value to which the asset is expected to be realised, either as a set-off against tax on future income or as a set-off against deferred tax liabilities within the same legal tax entity. Any deferred net tax assets are measured at net realisable value. Gælds­for­plig­tel­ser, som om­fat­ter gæld til le­ve­ran­dø­rer, til­knyt­tede virk­som­he­der samt an­den gæld, må­les til amor­ti­se­ret kost­pris, hvil­ket sæd­van­lig­vis sva­rer til no­mi­nel vær­di. Liabilities, which include trade payables, payables to group entities and other payables, are measured at amortised cost, which is usually equivalent to nominal value. Trans­ak­tio­ner i frem­med va­lu­ta om­reg­nes ved første ind­reg­ning til trans­ak­tions­da­gens kurs. Va­lu­ta­kurs­dif­fe­ren­cer, der op­står mel­lem trans­ak­tions­da­gens kurs og kur­sen på be­talings­da­gen, ind­reg­nes i re­sul­tat­op­gø­rel­sen som en fi­nan­siel post. Hvis va­lu­ta­in­stru­men­ter an­ven­des til si­kring af frem­ti­dige penge­strøm­me, ind­reg­nes urea­li­se­re­de vær­di­re­gu­le­rin­ger di­rek­te på eg­en­ka­pi­ta­len i dags­vær­di­re­ser­ven. On initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Foreign exchange differences arising between the exchange rates at the transaction date and at the date of payment are recognised in the income statement as financial income or financial expenses. If foreign currency transactions are considered cash flow hedges, the value adjustments are taken directly to ’Equity’. AfkastningsgradResultat af primær drift x 100Gennemsnitlige aktiverReturn on assets Earnings before interest and taxes (EBIT) x 100Average assets SoliditetsgradEgenkapital ultimo x 100Samlede aktiver ultimoSolvency ratio Equity at year end x 100Total assets Forrentning af egenkapitalOrdinært resultat efter skat x 100Gennemsnitlig egenkapitalReturn on equityNet profit for the year x 100Average equity 537402251 513601873 328837 275832 433202280 403090150 17103749 23879822 87425059 86907733 26141050 26146451 1127582 983847 60156427 59777435 104218523 88854498 10072726 8842655 11316149 10561983 163131527 146912605 13181016 13275468 149950511 133637137 27495 407209 341613 1089481 369108 1496690 456946227 348823958 264554277 174941269 879025 1185495 722379529 524950722 722748637 526447412 95318499 88487301 95318499 88487301 55932620 51510701 264692 3111904 51983 91884 120939 22381 2399712 2905691 58769946 57642561 9138298 5348625 163226743 151478487 885975380 677925899 2500000 2500000 433500904 325378635 212595530 166863542 648596434 494742177 63272 72937 52021454 36426821 172048692 125063351 3192034 12714111 87540 0 9965954 8906502 237378946 183183722 237378946 183183722 885975380 677925899 2500000 325378635 166863542 0 3903746 0 104218523 45731988 2500000 433500904 212595530 304722343000 207648410000 25031498000 537402251000 337709071000 153617506000 22275296000 513601873000 190392551000 347009700000 537402251000 169971809000 343630064000 513601873000 Danmark Øvrige markeder - Europa I alt Danmark Øvrige markeder - Europa I alt 23148064 23585977 2543548 2095744 449438 464730 26141050 26146451 1201581 1229370 1201581 1229370 55 55 9784930 6173235 43209 4091 244587 2665329 10072726 8842655 6007325 6370528 1047238 2293996 4261586 1897459 11316149 10561983 13279574 13296118 -98558 -20650 104218523 88854498 45731988 44782639 3392825 3487488 3392825 3487488 2985616 2398007 379714 747868 -3365330 3145875 27495 341613 14239785 14239785 14239785 14239785 334584173 247761898 3903746 -2032223 104218523 88854498 442706442 334584173 456946227 348823958 NavnHjemstedEjerandelNameRegistered officeOwnership interestAsmodee Norge ASOslo, Norge100%Asmodee Finland OyHelsinki, Finland100%Enigma Distribution Sverige ABBacka, Sverige100%Asmodee The NetherlandsHelmond, Holland100% Asmodee Norge AS Oslo, Norge 100 Asmodee Finland Oy Helsinki, Finland 100 Enigma Distribution Sverige AB Backa, Sverige 100 Asmodee The Netherlands Helmond, Holland 100 174941269 1185494 89613008 0 0 -306469 264554277 879025 264554277 879025 Pe­ri­ode­af­græns­nings­pos­ter ud­gø­res af for­ud­be­tal­te om­kost­nin­ger ved­rø­ren­de næste regnskabsår og udgør TDKK 2.400 pr. 31.03.2025 og TDKK 2.906 pr. 31.03.2024. Prepayments comprise prepaid expenses regarding next financial year and amount to TDKK 2,400 at 31.03.2025 against 2,906 at 31.03.2024. Udskudt skat 1. april 2024 22.3811.731Provision for deferred tax at 1 April 2024 Bevægelser i året 98.55820.650Provisions for deferred tax through net exchange differences for foreign companys Udskudt skat 31. marts 2025 120.93922.381Provision for deferred tax at 31 March 2025 Udskudt skatteaktivDeferred tax assetOpgjort skatteaktiv 120.93922.381Calculated tax asset Regnskabsmæssig værdi 120.93922.381Carrying amountUdskudt skatteaktiv påhviler primært midlertidige forskelle i regnskabsmæssig og skattemæssig værdi af anlægsaktiver og forventes anvendt indenfor en kort årrække. Deferred tax assets primarily consists of temporary differences relating to tangible assets and is expected to be used within a short period of time. Lea­sing­for­pligt­el­ser fra o­pe­ra­ti­on­el lea­sing. Sam­led­e frem­tid­i­ge lea­sing­yd­el­ser:Operating lease liabilities. Total future lease payments:Inden for et år703.220948.396Within 1 year703.220948.396 Varesalg til nærtstående parter, 2024/25 - t.kr. 154.529 (2023/24 - t.kr. 140.168) Sale of goods related parties, 2024/25 - kDKK 154,529 (2023/24 - kDKK 140,168)   Varekøb fra nærtstående parter, 2024/25 - t.kr. 58.258 (2023/24 - t.kr. 59.041) Purchase of goods from related parties, 2024/25 - kDKK 58,258 (2023/24 - kDKK 59,041)   Adminstrative indtægter fra nærtstående parter, 2024/25 - t.kr. 923 (2023/24 - t.kr. 936) Administrative income from related parties, 2024/25 - kDKK 923 (2023/24 - kDKK 936)   Adminstrative udgifter fra nærtstående parter, 2024/25 - t.kr. 165 (2023/24 - t.kr. 115) Administrative expenses from related parties, 2024/25 - kDKK 165 (2023/24 - kDKK 115)   Renteindtægter fra nærtstående parter, 2024/25 - t.kr. 9.785 (2023/24 - t.kr. 6.173) Interest income from related parties, 2024/25 - kDKK 9,785 (2023/24 - kDKK 6,173)   Renteudgifter fra nærtstående parter, 2024/25 - t.kr. 6.007 (2023/24 - t.kr. 6.371) Interest expenses from related parties, 2024/25 - kDKK 6,007 (2023/24 - kDKK 6,371)   Management fee indtægter fra nærtstående parter, 2024/25 - t.kr. 14.447 (2023/24 - t.kr. 11.284) Management fee income from related parties, 2024/25 - kDKK 14,447 (2023/24 - kDKK 11,284)   Management fee udgifter fra nærtstående parter, 2024/25 - t.kr. 14.395 (2023/24 - t.kr. 16.101) Management fee expenses from related parties, 2024/25 - kDKK 14.395 (2023/24 - kDKK 16,101)   Modtaget betalinger fra nærtstående parter, 2024/25 - t.kr. 206.912 (2023/24 - t.kr. 184.409) Receivables from related parties, 2024/25 - kDKK 206,912 (2023/24 - kDKK 184,409)   Betalinger til nærtstående parter, 2024/25 - t.kr. 173.607 (2023/24 - t.kr. 155.657) Payables to related parties, 2024/25 - kDKK 173,607 (2023/24 - kDKK 155,657) Informationer på tilgodehavende fra nærtstående parter og gæld til nærtstående parter, er vist i årsrapporten.Information on receivables from group entities and payables to group entities is disclosed in the balance sheet of the annual report. Føl­gen­de ka­pi­tal­ejer er no­te­ret i sel­ska­bets ejer­bog som ej­en­de mi­ni­mum 5% af stem­mer­ne el­ler mi­ni­mum 5% af virksomhedskapitalen: According to the company’s register of shareholders, the following shareholder holds at least 5% of the votes or at least 5% of the share capital: