132356862024-01-012024-12-31132356862024-01-012024-12-311132356862024-01-012024-12-311132356862024-01-012024-12-311132356862024-01-012024-12-312132356862024-01-012024-12-313132356862024-01-012024-12-314132356862024-01-012024-12-315132356862024-12-31132356862023-12-31fsa:ContributedCapitalMember132356862023-12-31fsa:RetainedEarningsMember132356862023-12-31132356862024-01-012024-12-31fsa:RetainedEarningsMember132356862024-12-31fsa:ContributedCapitalMember132356862024-12-31fsa:RetainedEarningsMember132356862024-01-012024-12-31fsa:ShorttermDeferredIncomeMember132356862023-01-012023-12-31iso4217:DKKxbrli:pureNordea Danmark, Filial af Nordea Bank Abp, Finland10360100081316000Vestergade 1354659000420180008600 Silkeborg4894200039298000KPMG Statsautoriseret Revisionspartnerselskab4550300042451000
Dampfærgevej 282550002480002100 København
3184000-3401000255781988100091000The Board of Directors and the Executive Board have today considered and approved the annual report of Ascom Danmark A/S for the financial year 01.01.2024 - 31.12.2024.8700001097000The annual report is presented in accordance with the Danish Financial Statements Act.2395000-4407000In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2024 and of the results of its operations for the financial year 01.01.2024 - 31.12.2024.10800044000We believe that the management commentary contains a fair review of the affairs and conditions referred to therein.2287000-4451000We recommend the annual report for adoption at the Annual General Meeting.2287000-4451000VallensbækJens Andersen00Peter Drabik00Chairman67000135000Jens Andersen591000740000Christophe Scheidegger658000875000Anja Schmidt Edvardsen13010001194000Sune Pedersen13010001194000To the shareholders of Ascom Danmark A/S19590002069000We have audited the financial statements of Ascom Danmark A/S for the financial year 01.01.2024 -
31.12.2024, which comprise the income statement, balance sheet, statement of changes in equity and
notes, including a
summary of significant accounting policies. The financial statements are prepared in
accordance with the
Danish Financial Statements Act.
In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2024 and of the results of its operations for the financial year 01.01.2024 - 31.12.2024 in accordance
with the Danish Financial Statements Act.647000909000We conducted our audit in accordance with International Standards on Auditing (ISAs) and 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 this auditor’s
report. We are independent of the Entity in accordance with the International Ethics Standards Board for
Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical
requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with
these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our opinion.647000909000Management 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 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 Entity’s ability to continue
as a going concern, for disclosing, as applicable, matters related to going concern, and for using the going
concern basis of accounting in preparing the financial statements unless Management either intends to liquidate
the Entity or to cease operations, or has no realistic alternative but to do so.2266100017997000Our 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 Entity’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 Entity’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
Entity to cease to continue as a going concern.Evaluate the overall presentation, structure and content of the financial statements, including the disclosures
in the notes, and whether the financial statements represent the underlying transactions and
events in a manner that gives a true and fair view.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.1920900018604000494000537000Management is responsible for the management commentary.
Our opinion on the financial statements does not cover the management commentary, 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 the management
commentary and, in doing so, consider whether the management commentary is materially inconsistent with
the financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated.
Moreover, it is our responsibility to consider whether the management commentary provides the information
required by relevant law and regulations.Based on the work we have performed, we conclude that the management commentary is in accordance with
the financial statements and has been prepared in accordance with the requirements in the relevant law and regulations. We did not identify any material misstatement of the management commentary.1188000129500020000København332000294000Jesper Bo Pedersen4388600038727000mne427781875900018008000State Authorised Public Accountant6329200057644000Primary activitiesAscom is a global solutions provider focused on healthcare ICT and mobile workflow solutions. The vision of Ascom is to close digital information gaps allowing for the best possible decisions – anytime and anywhere.
Ascom Danmark A/S’ main activities are sales, delivery, and service of our solutions primarily in the healthcare sector (regions and municipalities) and the security sector.
The solutions from Ascom Danmark A/S are sold in Denmark as well as Greenland, the Faroe Islands and Iceland.
6525100059713000Development in activities and financesThe company’s revenue in 2024 ended at TDKK 103.601, which is a significant growth of 27% compared to revenue of TDKK 81.316 in 2023.
Ascom is driving digitalization of critical workflows within the Healthcare segment, and we are also successful in growing solution lifecycle plans with our customers. The Hospital segment is our key market with 66% of revenue in 2024.
The result for the year amounts to a profit of TDKK 2.287, which is a turnaround after the previous two years of losses. The positive result is driven partly by the growth in volume and revenue, and partly by improvements in profitability from focusing on maturing our delivery and service processes. Ascom will continue to focus on improved efficiency to continue the profitable growth path as well as improving customers satisfaction.
Ascom will continue to pursue the large opportunities within healthcare for digitalization of workflows that can support the sectors challenges on patient safety and nurse shortage. Ascom is in a unique position to offer a broad solutions portfolio combining software platforms, bedside equipment and services to address the needs of healthcare now and in the future.
Capital ressources
The Company has lost more than 50% of its share capital as of 31.12.2024 and is thereby subject to the provisions governing capital loss in section 119 of the Danish Companies Act. At the General Meeting, the Executive Board will account for the Company's financial position. Management expects to re-establish the equity through capital increases from the owners.
The Company has received a statement of support from Ascom Holding AG (parent company), so that Ascom Danmark A/S can meet its obligations for at least 12 months after 21 January 2025. Management's assessment is that the Ascom Danmark A/S has sufficient funds to fulfill its obligations as they become due.
1100000011000000Events after the balance sheet dateNo other events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report.-5776000-8063000This annual report has been presented in accordance with the provisions of the Danish Financial Statements
Act governing reporting class B enterprises with addition of a few provisions for reporting class C.The accounting policies applied to these financial statements are consistent with those applied last year.52240002937000Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic
benefits will flow to the Entity, and the value of the asset can be measured reliably.
Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a
result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the
value of the liability can be measured reliably.
On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial
recognition is effected as described below for each financial statement item.
Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm
or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and
measurement.
Income is recognised in the income statement when earned, whereas costs are recognised by the amounts
attributable to this financial year.60690006642000Foreign currency translationOn initial recognition, foreign currency transactions are translated applying the exchange rate at the
transaction date. Receivables, payables and other monetary items denominated in foreign currencies that
have not been settled at the balance sheet date are translated using the exchange rate at the balance
sheet date. Exchange differences that arise between the rate at the transaction date and the rate in effect
at the payment date, or the rate at the balance sheet date, are recognised in the income statement as
financial income or financial expenses. Property, plant and equipment, intangible assets, inventories and
other non-monetary assets that have been purchased in foreign currencies are translated using historical
rates.60690006642000RevenueRevenue from the sale of manufactured goods and goods for resale is recognised in the income statement
when delivery is made and risk has passed to the buyer. Revenue is recognised net of VAT, duties and
sales discounts and is measured at fair value of the consideration fixed.Contract work in progress is included in revenue based on the stage of completion so that revenue
corresponds to the selling price of the work performed in the financial year (the percentage-of-completion
method).2960900024820000Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for
premises, stationery and office supplies, marketing costs, etc. This item also includes writedowns of receivables recognised in current assets.296090002482000036070004436000Staff costsStaff costs comprise salaries and wages as well as social security contributions, pension contributions, etc
for entity staff.26890002456000Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses relating to property, plant and equipment and intangible
assets comprise depreciation, amortisation and impairment losses for the financial year.39650002619000Other financial incomeOther financial income comprises interest income, Including interest income on receivables from group enterprises, net capital or exchange gains on securities, payables and transactions in foreign currencies, amortisation of financial assets as well as tax relief under the Danish Tax Prepayment Scheme etc.858900010127000Other financial expensesOther financial expenses comprise interest expenses, including interest expenses on payables to group
enterprises, net capital or exchange losses on securities, payables and transactions in foreign currencies,
amortisation of financial liabilities, and tax surcharge under the Danish Tax Prepayment Scheme etc.54990005676000Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the
income statement by the portion attributable to the profit for the year and recognised directly in equity by
the portion attributable to entries directly in equity.2434900025314000GoodwillGoodwill is the positive difference between cost and fair value of assets and liabilities arising from acquisitions. Goodwill is amortised straight-line over its estimated useful life, which Is fixed based on the experience gained by Management for each business area. Useful life is determined based on an assessment of whether the enterprises are strategically acquired enterprises with a strong market position and a long-term earnings profile and whether the amount of goodwill includes intangible resources of a temporary nature that cannot be separated and recognised as separate assets. If the useful life cannot be estimated reliably, it is fixed at 20 years. Useful lives are reassessed on an annual basis. The amortisation periods used are 5 years.
Goodwill is written down to the lower of recoverable amount and carrying amount.5395800050134000Property, plant and equipmentLand and buildings, plant and machinery, and other fixtures and fittings, tools and equipment are
measured at cost less accumulated depreciation and impairment losses. Land is not depreciated.Cost comprises the acquisition price, costs directly attributable to the acquisition and preparation costs of
the asset until the time when it is ready to be put into operation. For self-constructed assets, cost comprises
direct and indirect costs of materials, components, subsuppliers and labour costs. For assets held under
finance leases, cost is the lower of the asset’s fair value and present value of future lease payments.The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line
depreciation is made on the basis of the following estimated useful lives of the assets:Useful life
Other fixtures and fittings, tools and equipment3-5 yearsLeasehold improvements8 yearsFor leasehold improvements and assets subject to finance leases, the depreciation period cannot exceed
the contract period. Estimated useful lives and residual values are reassessed annually.
Items of property, plant and equipment are written down to the lower of recoverable amount and carrying
amount.65251000597130001100000048ReceivablesReceivables are measured at amortised cost, usually equalling nominal value, less writedowns for bad and
doubtful debts.-8063000InventoriesInventories are measured at the lower of cost using the FIFO method and net realisable value.
Cost consists of purchase price plus delivery costs.
The net realisable value of inventories is calculated as the estimated selling price less completion costs and
costs incurred to execute sale.Contract work in progressContract work in progress is measured at the selling price of the work carried out at the balance sheet date.
The selling price is measured based on the stage of completion and the total estimated income from the
individual contracts in progress. Usually, the stage of completion is determined as the ratio of actual to total
budgeted consumption of resources.
If the selling price of a project in progress cannot be made up reliably, it is measured at the lower of costs
incurred and net realisable value.
Each contract in progress is recognised in the balance sheet under receivables or liabilities other than provisions,
depending on whether the net value, calculated as the selling price less prepayments received, is
positive or negative.
Costs of sales work and of securing contracts, and finance costs are recognised in the income statement
as incurred.2287000Deferred taxDeferred tax is recognised on all temporary differences between the carrying amount and the tax-based
value of assets and liabilities, for which the tax-based value is calculated based on the planned use of each
asset.Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at
their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets.11000000PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at
cost.-5776000CashCash comprises cash in hand and bank deposits.Other provisionsOther provisions comprise anticipated costs of non-recourse guarantee commitments, returns, loss on
contract work in progress, decided and published restructuring, etc.
Other provisions are recognised and measured as the best estimate of the expenses required to settle the
liabilities at the balance sheet date. Provisions that are estimated to mature more than one year after the
balance sheet date are measured at their discounted value.
Non-recourse guarantee commitments comprise commitments to remedy defects and deficiencies within
the guarantee period.
On acquisition of enterprises and investments in group enterprises, provisions are made for costs relating
to restructuring in the acquired enterprise that were decided and published at the acquisition date at the
latest.
Once it is probable that total costs will exceed total income from a contract in progress, provision is made
for the total loss estimated to result from the relevant contract.1 Uncertainty related to going concernThe Company has lost more than 50% of its share capital as of 31.12.2024 and is thereby subject to the provisions
governing
capital loss in section 119 of the Danish Companies Act. At the General Meeting, the Executive Board will account for the Company's financial position.
Management expects to re-establish the equity
through
capital increases from the owners.
The Company has received a statement of support from its owners so that it can meet its obligations until the annual general meeting covering financial statement 2025. Management's assessment is that the Company through
capital increases from the owners has sufficient funds to enable the Company to fulfill its obligations as they become due.Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value.2 Staff costs2024
DKK'0002023
DKK'000Wages and salaries42,15739,437Pension costs2,9482,653Other social security costs39836145,50342,451Average number of full-time employees5348Deferred incomeDeferred income comprises income received for recognition in subsequent financial years. Deferred income
is measured at cost.53Ikke væsentlig usikkerhed vedr. fortsat drift3 Depreciation, amortisation and impairment losses2024
DKK'0002023
DKK'000Depreciation of property, plant and equipment255248255248true4 Other financial expenses2024
DKK'0002023
DKK'000Financial expenses from group enterprises718928Other interest expenses05Exchange rate adjustments48Other financial expenses1481568701,097Grundlag for konklusion5 Tax on profit/loss for the year2024DKK'0002023DKK'000Change in deferred tax1084410844Konklusion6 Property, plant and equipmentOther fixtures and fittings, tools and equipment
DKK'000Leasehold improvements
DKK'000Cost beginning of year7911,740Additions039Cost end of year7911,779Depreciation and impairment losses beginning of year(657)(1,000)Depreciation for the year(67)(188)Depreciation and impairment losses end of year(724)(1,188)Carrying amount end of year675912025-03-267 Financial assetsOther
receivables
DKK'000Cost beginning of year1,194Additions107Cost end of year1,301Carrying amount end of year1,3012025-03-268 Contract work in progress 2024 2023 DKK'000 DKK'000
Sales value of the periods production 40,235 44,156
Prepayments received (24,633) (29,988)
15,602 14,167 Shown in the balance as such:
Contract work in progress (assets) 19,209 18,604
Received prepayments on work in progress (liabilities) (3,607) (4,436)
15,602 14,167
Uncertainty relating to recognition and measurement of contract work in progress
As in any orderproducing company the statement of contract work in progress is influenced by some uncertainty, because it is difficult to compose an accurate statement on a specific date in time.
The contract work in progress is therefore estimated based on the progress of each case under consideration of degree of completion and the expected endresult on the day of the estimation including an estimate of the costs related to finishing the projects.true9 Deferred tax2024
DKK'0002023
DKK'000Property, plant and equipment(20)13Receivables075Tax losses carried forward1,2081,207Deferred tax1,1881,295
Changes during the year2024
DKK'0002023
DKK'000Beginning of year1,2951,339Recognised in the income statement(107)(44)End of year1,1881,295Deferred tax assetsThe deferred tax asset is recognized based on a 3 year profit and loss forecast, based on plans to return to being a profitable company, and thus be able to capitalize on tax value of the historical losses carried forward.
Deferred tax assets is influenced by some uncertainty relating to recognition and measurement, but as in previous year’s the company’s deferred tax asset has been recognized to a limited extent.2023-01-0110 PrepaymentsPrepayments concerns prepaid costs.2023-12-3111 Share capitalNumberPar valueDKK'000NominalvalueDKK'000Contributed capital9,16711,00011,0009,16711,000Changes to share capital - capital increase:
Year DKK'000 2020 0 2021 0 2022 0 2023 9.800 2024 0Vallensbæk12 Other provisionsOther provisions concerns guarantee provisions and provision for lossmaking projects.
2024 2023
DKK'000 DKK'000
Provision for warranty 1,589 810
Provision for restructuring 654 0
Provision for lossmaking projects 3,826 5,832
6,069 6,642
Vallensbæk Strand13 Non-current liabilities other than provisionsDue after more than 12 months
2024
DKK'000Outstanding after 5 years
2024
DKK'000Payables to group enterprises29,60929,60929,60929,609266514 Deferred incomeDefered income concerns accrued revenue.Regnskabsklasse B15 Unrecognised rental and lease commitments2024
DKK'0002023
DKK'000Liabilities under rental or lease agreements until maturity in total12,46314,147Revisionspåtegning16 Assets charged and collateralThe following assets have been provided as security for bank obligations:
Letter of indemnity - a company charge of DKK 11,000 thousand granting a charge on intangible assets, property,
plant and equipment, trade receivables and inventories with a total book value of DKK 23,967 thousand
at
31.12.2024.
Contractual obligations
Upon participation in competitive bidding and conclusion of sales contracts, the usual guarantees have been
provided regarding tender, advance payments and performance. The guarantees have a total value of DKK
11,702 thousand at 31.12.2024.2024-12-3117 Group relationsName and registered office of the Parent preparing consolidated financial statements for the smallest group:
Ascom Holding AG, Switzerland
The Annual Group Report for Ascom Holding AG can be found on the following address:
Zugerstrasse 32, CH-6340 Baar or the website www.ascom.com2024-01-01346Delta ParkAscom Danmark A/S13235686339635562300 København SWeidekampsgade 6Deloitte Statsautoriseret RevisionspartnerselskabÅrsrapport2025-03-26Jens Andersen