13216002 2024-05-01 2025-04-30 13216002 2024-05-01 2025-04-30 1 13216002 2024-05-01 2025-04-30 1 13216002 2024-05-01 2025-04-30 2 13216002 2024-05-01 2025-04-30 3 13216002 2024-05-01 2025-04-30 4 13216002 2024-05-01 2025-04-30 1 13216002 2023-05-01 2024-04-30 13216002 2025-04-30 13216002 2024-04-30 13216002 2024-04-30 fsa:ContributedCapitalMember 13216002 2024-04-30 fsa:RetainedEarningsMember 13216002 2024-05-01 2025-04-30 fsa:ContributedCapitalMember 13216002 2024-05-01 2025-04-30 fsa:RetainedEarningsMember 13216002 2025-04-30 fsa:ContributedCapitalMember 13216002 2025-04-30 fsa:RetainedEarningsMember iso4217:DKK xbrli:pure Bente Christensen The Board of Directors and the Executive Boardhave today discussed and approved the annual report ofAllison A/S for the financial year1 May 2024 – 30 April 2025.The annual report has been prepared in accordance with the Danish Financial Statements Act.In our opinion, the financial statements give a true and fair view of the Company's assets, liabilities andfinancial position at 30 April 2025 and of the results of the Company's operations for the financial year1May 2024 – 30 April 2025.Further, in our opinion, the Management's review gives a fair review of the development in theCompany's activities and financial matters, of the results for the year and of the Company's financialposition.We recommend that the annual report be approved at the annual general meeting. Esbjerg Mette Kolling Rothmann Henrik Karup Jørgensen Chairman Bente Christensen Nikolaj Haulrik Lars Søborg Nielsen To the shareholders of Allison A/S OpinionWe have audited the financial statements of Allison A/S for the financial year1 May 2024 – 30 April 2025comprising income statement, balance sheet, statement of changes in equity and notes, includingaccounting policies. The financial statements are prepared in accordance with the Danish FinancialStatements Act.In our opinion, the financial statements give a true and fair view of the Company's assets, liabilities andfinancial position at 30 April 2025 and of the results of the Company's operations for the financial year1May 2024 – 30 April 2025 in accordance with the Danish Financial Statements Act. Basis for OpinionWe conducted our audit in accordance with International Standards on Auditing (ISAs) and the additionalrequirements applicable in Denmark. Our responsibilities under those standards and requirements arefurther described in the "Auditor's responsibilities for the audit of the financial statements" section of ourreport. We are independent of the Company in accordance with the International Ethics Standards Board forAccountants' International Code of Ethics for Professional Accountants (IESBA Code) and the additionalethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities inaccordance with these requirements and the IESBA Code.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis forour opinion. Management's responsibility for the financial statementsManagement is responsible for the preparation of financial statements that give a true and fair view inaccordance with the Danish Financial Statements Act and for such internal control that Managementdetermines is necessary to enable the preparation of financial statements that are free from materialmisstatement, whether due to fraud or error.In preparing the financial statements, Management is responsible for assessing the Company's ability tocontinue as a going concern, disclosing, as applicable, matters related to going concern and using thegoing concern basis of accounting in preparing the financial statements unless Management eitherintends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statementsOur objectives are to obtain reasonable assurance as to whether the financial statements as a whole arefree from material misstatement, whether due to fraud or error, and to issue an auditor's report thatincludes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that anaudit conducted in accordance with ISAs and the additional requirements in Denmark will always detect amaterial misstatement when it exists. Misstatements may arise from fraud or error and are consideredmaterial if, individually or in the aggregate, they could reasonably be expected to influence the economicdecisions of financial statement users made on the basis of these financial statements.As part of an audit conducted in accordance with ISAs and the additional requirements applicable inDenmark, we exercise professional judgement and maintain professional scepticism throughout the audit.We also— identify and assess the risks of material misstatement of the company financial statements, whetherdue to fraud or error, design and perform audit procedures responsive to those risks, and obtain auditevidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detectinga material misstatement resulting from fraud is higher than for one resulting from error as fraud mayinvolve 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 proceduresthat are appropriate in the circumstances, but not for the purpose of expressing an opinion on theeffectiveness of the Company's internal control.— evaluate the appropriateness of accounting policies used and the reasonableness of accountingestimates and related disclosures made by Management.— conclude on the appropriateness of Management's use of the going concern basis of accounting inpreparing the financial statements and, based on the audit evidence obtained, whether a materialuncertainty exists related to events or conditions that may cast significant doubt on the Company'sability to continue as a going concern. If we conclude that a material uncertainty exists, we arerequired to draw attention in our auditor's report to the related disclosures in the financial statementsor, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the auditevidence obtained up to the date of our auditor's report. However, future events or conditions maycause the Company to cease to continue as a going concern.— evaluate the overall presentation, structure and contents of the financial statements, including thedisclosures, and whether the financial statements represent the underlying transactions and events ina manner that gives a true and fair view.We communicate with those charged with governance regarding, among other matters, the plannedscope and timing of the audit and significant audit findings, including any significant deficiencies ininternal control that we identify during our audit. Statement on the Management's reviewManagement is responsible for the Management's review.Our opinion on the financial statements does not cover the Management's review, and we do not expressany form of assurance conclusion thereon.In connection with our audit of the financial statements, our responsibility is to read the Management'sreview and, in doing so, consider whether the Management's review is materially inconsistent with thefinancial statements or our knowledge obtained during the audit, or otherwise appears to be materiallymisstated.Moreover, it is our responsibility to consider whether the Management's review provides the informationrequired under the Danish Financial Statements Act.Based on the work we have performed, we conclude that the Management's review is in accordance withthe financial statements and has been prepared in accordance with the requirements of the DanishFinancial Statements Act. We did not identify any material misstatement of the Management's review. Aarhus, KPMGStatsautoriseret Revisionspartnerselskab 25578198 Mikkel Trabjerg Knudsen State AuthorisedPublic Accountant mne34459 Allison A/S Finn Thostrup Engen 1 DK 6740 Hobro 75 19 13 33 www.allison.dk info@allison.dk 13216002 Hobro Frederiks Plads 42 DK 8000 Aarhus DKK'0002024/25 2023/242022/232021/222022/21Key figuresGross profit34,16623,59427,26232,65044,086Operating profit/loss2,775-6,9336885,38515,478Profit/loss for the yearbefore tax2,576-7,2325155,19615,328Profit/loss for the year2,027-5,6174334,05611,955Total assets63,38766,00474,55675,95580,737Equity43,76741,74047,35752,92354,868Investment in property,plant and equipment3641,7633,4631,9021,047RatiosSolvency ratio69.0%63.2%63.5%69.7%68.0%Average number of full-time employees5556525358The financial ratios have been calculated as follows:Equity ex. non-controlling interests at year-end x 100Solvency ratioTotal equity and liabilities at year-endDevelopment in activities and financial positionThe Company’s income statement for 2024/25 shows a gross profit of DKK 34,166 thousand comparedto DKK 23,594 thousand last year and a profit before tax of DKK 2,576 thousand compared to a lossbefore tax of DKK 7,232 thousand last year. At 30 April 2025, equity stood at DKK 43,767 thousandcompared to DKK 41,740 thousand last year.Results and financial performance for 2024/25 were better than budgeted, and Management considersresults satisfactory. The restructuring process, which was initiated during the last months of the financial year, have almostbeen completed. However, the Company still gives high priority to efficiency improvements in production.As part of the restructuring process, the Company has sold one of its locations. The property was handedover to the buyer in May 2025. Profit from the sale of the property will not impact results until the 2025/26financial year.OutlookManagement expects to report improved results for the 2025/26 financial year and to report a profitbefore tax in the range DKK 4,000 thousand to 7,000 thousand. Events after the balance sheet dateBesides the completion of the sales of property, no significant events have occurred after the balancesheet date that would impact the financial statements. Principal activitiesAllison A/S' principal activities are to develop, produce and sell personal care products. The Companysells products under its own brand as well as under OEM and private brands for specialty retail andchains in Europe. 34165984 23594207 29722768 28692209 1668171 1834960 2775045 -6932962 8982 373 208508 298967 2575519 -7231556 548133 -1614650 2027386 -5616906 6865992 7353249 2797407 3323435 1083671 1374146 10747070 12050830 10747070 12050830 23771896 21766803 12588264 11032974 513964 113173 36874124 32912950 15422618 18153779 30000 83958 0 1951098 303800 411445 15756418 20600280 9376 440116 52639918 53953346 63386988 66004176 3125000 3125000 40642275 38614889 43767275 41739889 1220000 1237100 1220000 1237100 874078 2126881 193377 360902 378759 3047366 8842943 10416001 677702 250217 575673 0 6857181 6825820 17525635 20900306 18399713 23027187 63386988 66004176 3125000 38614889 41739889 0 2027386 2027386 3125000 40642275 43767275 Accounting policiesThe annual report of Allison A/S for 2024/25 has been prepared in accordance with the provisionsapplying to reporting class C medium-sized entities under the Danish Financial Statements Act.Foreign currency translationOn initial recognition, transactions denominated in foreign currencies are translated at the exchangerates at the transaction date. Foreign exchange differences arising between the exchange rates at thetransaction date and the date of payment are recognised in the income statement as financial income orfinancial expenses.Receivables, payables and other monetary items denominated in foreign currencies are translated at theexchange rates at the balance sheet date. The difference between the exchange rates at the balancesheet date and the date at which the receivable or payable arose or was recognised in the latest financialstatements is recognised in the income statement as financial income or financial expenses.Income statementGross profitThe financial items revenue, cost of sales, other external costs are summarised in the item gross profit,cf. section 32 of the Danish Financial Statements Act.RevenueIncome from the sale of finished goods and goods for resale is recognised in revenue when delivery andtransfer of risk to the buyer have taken place, and the income may be measured reliably and is expectedto be received. The date of transfer of the most significant benefits and risks is determined usingstandard Incoterms ® 2020.Revenue is recognised excluding VAT, taxes and discounts related to the sale.Cost of salesCost of sales comprises costs incurred to generate revenue for the year. This item also comprises directcosts for goods for resale and changes to the inventory of goods for resale.Other external costsOther external costs comprise distribution costs and costs related to sales, sales campaigns,administration, office premises, operating leases, etc.Staff costsStaff costs comprise wages and salaries, including holiday allowance, pension and other social securitycosts, etc. to the Company's employees, excluding reimbursements from public authorities.Financial income and expensesFinancial income and expenses comprise interest income and expense and gains and losses onpayables and transactions denominated in foreign currencies as well as surcharges and refunds underthe on-account tax scheme, etc.Tax on profit/loss for the yearThe Company is subject to the Danish rules for compulsory joint taxation of the Group's Danishsubsidiaries. Subsidiaries are included in the joint taxation from the time they are included in theconsolidation in the consolidated financial statements until the time they are omitted from theconsolidation.Current Danish corporation tax is distributed by settling joint taxation contributions between jointly taxedcompanies in relation to this taxable income. In relation to this, companies with tax losses receive jointtaxation contributions from companies that have been able to use this deficit to reduce their own taxprofits.Tax for the year comprises current tax for the year and changes in deferred tax, including changes in taxrates. The tax expense relating to the profit/loss for the year is recognised in the income statement at theamount attributable to the profit/loss for the year and directly in equity at the amount attributable toentries directly in equity.Balance sheetProperty, plant and equipmentLand and buildings, plant and machinery and fixtures and fittings, tools and equipment are measured atcost less accumulated depreciation and impairment losses. Cost comprises the purchase price and any costs directly attributable to the acquisition until the date onwhich the asset is available for use. Indirect production overheads and borrowing costs are notrecognised in cost. Where individual components of an item of property, plant and equipment have different useful lives, theyare accounted for as separate items, which are depreciated separately.The basis of depreciation is cost less any projected residual value after the end of the useful life.Depreciation is provided on a straight-line basis over the estimated useful life. The estimated useful livesare as follows:Land and buildings10-30 yearsPlant and machinery3-10 yearsFixtures and fittings, tools and equipment3-6 yearsThe useful life and residual value are reassessed annually. Changes are treated as accountingestimates, and the effect on depreciation is recognised prospectively.Fixed assets under construction are recognised and measured at cost at the balance sheet date. Uponentry into service, the cost is transferred to the relevant group of property, plant and equipment.Gains and losses on the disposal of property, plant and equipment are stated as the difference betweenthe selling price less selling costs and the carrying amount at the date of disposal. Gains and losses arerecognised in the income statement as other operating income or other operating costs, respectively.Impairment of fixed assetsThe carrying amount of property, plant and equipment is subject to an annual test for indications ofimpairment other than the decrease in value reflected by depreciation or amortisation.Impairment tests are conducted of individual assets or groups of assets when there is an indication thatthey may be impaired. Write-down is made to the recoverable amount if this is lower than the carryingamount.InventoriesInventories are measured at cost in accordance with the FIFO method. Where the net realisable value islower than cost, inventories are written down to this lower value.Goods for resale and raw materials and consumables are measured at cost, comprising purchase priceplus delivery costs.Finished goods and work in progress are measured at cost, comprising the cost of raw materials,consumables, direct wages and salaries and indirect production overheads. Indirect productionoverheads comprise indirect materials and wages and salaries as well as the maintenance ofdepreciation of production machinery, buildings and equipment as well as factory administration andmanagement. Borrowing costs are not included in cost.The net realisable value of inventories is calculated as the sales amount less costs of completion andcosts necessary to make the sale and is determined taking into account marketability, obsolescence anddevelopment in expected selling price.ReceivablesReceivables are measured at amortised cost.Write-down is made for bad debt losses where there is an objective indication that a receivable or aportfolio of receivables has been impaired. If there is an objective indication that an individual receivablehas been impaired, write-down is made on an individual basis.PrepaymentsPrepayments comprise prepayment of costs incurred relating to subsequent financial years. Cash at bank and in handCash at bank and in hand comprise cash and bank deposits.Corporation tax and deferred taxCurrent tax payable and receivable is recognised in the balance sheet as tax computed on the taxableincome for the year, adjusted for tax on the taxable income of prior years and for tax paid on account.Deferred tax is measured using the balance sheet liability method on all temporary differences betweenthe carrying amount and the tax value of assets and liabilities based on the planned use of the asset orsettlement of the liability. However, deferred tax is not recognised on temporary differences relating togoodwill non-deductible for tax purposes and on office premises and other items where the temporarydifferences arise at the date of acquisition without affecting either profit/loss or taxable income.Deferred tax assets, including the tax value of tax loss carryforwards, are recognised at the expectedvalue of their utilisation within the foreseeable future; either as a set-off against tax on future income or asa set-off against deferred tax liabilities in the same legal tax entity. Any deferred net assets are measuredat net realisable value.Deferred tax is measured in accordance with the tax rules and at the tax rates applicable at the balancesheet date when the deferred tax is expected to crystallise as current tax. Changes in deferred tax as aresult of changes in tax rates are recognised in the income statement or equity, respectively.Liabilities other than provisionsFinancial liabilities are recognised at cost at the date of borrowing, corresponding to the proceedsreceived less transaction costs paid. In subsequent periods, the financial liabilities are measured atamortised cost using the effective interest method. Accordingly, the difference between cost and thenominal value is recognised in the income statement over the term of the loan together with interestexpenses.Other liabilities are measured at net realisable value. Omission of cash flow statementPursuant to section 86(4) of the Danish Financial Statements Act, no cash flow statement has beenprepared. The Company's cash flows are included in the cash flow statement in the consolidated financialstatements of Nopa Nordic A/S. Staff costsDKK2024/25 2023/24Wages and salaries26,048,96924,724,133Pensions2,862,8623,072,254Other social security costs810,937895,82229,722,768 28,692,209 55 56 Staff costs for 2024/25 include executive remuneration of DKK 0,7 thousand (2023/24: DKK 0,8thousand). Tax on profit/loss for the yearCurrent tax for the year565,233-1,951,098Deferred tax for the year-17,100336,448548,133 -1,614,650 2027386 -5616906 2027386 -5616906 Property, plant and equipmentFixtures andfittings, toolsLand andPlant andandDKKbuildingsmachineryequipmentTotalCost at 1 May 202423,515,48315,615,4996,209,06245,340,044Additions for the year0187,506176,905364,411Cost at 30 April 2025 23,515,483 15,803,005 6,385,967 45,704,455Depreciation and impairment losses at 1May 2024-16,162,234-12,292,064-4,834,916-33,289,214Depreciation for the year-487,257-713,534-467,380-1,668,171Depreciation and impairment losses at 30April 2025 -16,649,491 -13,005,598 -5,302,296 -34,957,385Carrying amount at 30 April 2025 6,865,992 2,797,407 1,083,671 10,747,070As part of the restructuring process, the Company has sold one of its locations. The property was handedover to the buyer on 15 May 2025. Profit from the sale of the property will not impact results until the2025/26 financial year. PrepaymentsPrepayments comprise prepayment of costs incurred relating to subsequent financial years includingprepaid insurance, rent, etc. Contributed capitalContributed capital consists of shares with a nominal value of DKK 500 or multiples thereof. All sharesrank equally. Deferred taxDeferred tax at beginning of the year1,237,100900,652Deferred tax adjustment for the year-17,100336,4481,220,000 1,237,100 Non-current liabilities other than provisionsCredit institutions:0-1 years193,377360,9021-5 years819,6441,584,044>5 years54,434542,8371,067,455 2,487,783 Contingent liabilitiesThe Company is jointly taxed with other Danish companies in the Nopa Nordic A/S Group. The Group'sDanish entities are jointly and severally liable for jointly taxed income and for certain withholding taxessuch as dividend tax and royalty tax. The jointly taxed companies' total known net liabilities to the Danishtax authorities are disclosed in the administrative company, Auka Holding ApS', CVR no. 41 98 93 19,annual report. Operating lease obligationsOperating lease obligations for the Company at 30 April 2025 represented DKK 590 thousand, of whichDKK 237 thousand falls due within the initial year and DKK 38 thousand after five years. Mortgages and collateralThe Company has issued mortgage bonds of DKK 1,067 thousand, providing collateral for land andbuildings with a carrying amount at 30 April 2025 of DKK 6,866 thousand. In addition, the Company holdsa mortgage deed registered to the mortgagor of DKK 4,000 thousand.A suretyship with joint and several liability has been provided to Nopa Nordic A/S's banking institution ascollateral for all obligations that the group company, Nopa Nordic A/S, may have towards Nordea Bank.As of 30 April 2025, Nopa Nordic A/S had a positive bank balance. Related party disclosuresAllison A/S' related parties comprise the following:ControlNopa Nordic A/SFinn Thostrup Engen 1DK-9500 HobroNopa Nordic A/S holds the entire contributed capital in the Company.Allison A/S is part of the consolidated financial statements of Nopa Nordic A/S, Hobro, Denmark and theconsolidated financial statements of Auka Holding ApS, Hobro, Denmark which are the smallest andlargest groups, respectively, in which the Company is included as a subsidiary.Related party transactionsIn accordance with section 98 c(6) of the Danish Financial Statements Act, the Company has notdisclosed any related party transactions as they were conducted on an arm's length basis.Remuneration to the Parent Company's Executive Board and Board of Directors is disclosed in note 2.Payables to group entities are presented in the balance sheet. Disclosure of events after the balance sheet dateBesides the completion of the sales of property, no significant events have occurred after the balancesheet date that would impact the financial statements. Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2024-05-01 2025-04-30 2023-05-01 2024-04-30 2025-06-24 Reporting class C, medium-size enterprise 1989-06-01 2025-06-17 25578198 KPMG P/S Dampfærgevej 28 2100 København Ø Opinion Basis for Opinion 2025-06-17