13216002 2022-05-01 2023-04-30 13216002 2022-05-01 2023-04-30 2 13216002 2023-04-30 13216002 2021-05-01 2022-04-30 13216002 2022-04-30 13216002 2020-05-01 2021-04-30 13216002 2021-04-30 13216002 2019-05-01 2020-04-30 13216002 2020-04-30 13216002 2018-05-01 2019-04-30 13216002 2019-04-30 13216002 2022-04-30 fsa:ContributedCapitalMember 13216002 2022-05-01 2023-04-30 fsa:ContributedCapitalMember 13216002 2023-04-30 fsa:ContributedCapitalMember 13216002 2022-04-30 fsa:RetainedEarningsMember 13216002 2022-05-01 2023-04-30 fsa:RetainedEarningsMember 13216002 2023-04-30 fsa:RetainedEarningsMember 13216002 2022-04-30 fsa:ProposedDividendRecognisedInEquityMember 13216002 2022-05-01 2023-04-30 fsa:ProposedDividendRecognisedInEquityMember 13216002 2023-04-30 fsa:ProposedDividendRecognisedInEquityMember 13216002 2022-05-01 2023-04-30 1 13216002 2022-05-01 2023-04-30 1 13216002 2022-05-01 2023-04-30 2 13216002 2022-05-01 2023-04-30 3 13216002 2022-05-01 2023-04-30 1 13216002 2022-05-01 2023-04-30 2 13216002 2022-05-01 2023-04-30 3 iso4217:DKK xbrli:pure The Board of Directors and the Executive Boardhave today discussed and approved the annual report ofAllison A/S for the financial year1 May 2022 – 30 April 2023.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 2023 and of the results of the Company's operations for the financial year1May 2022 – 30 April 2023.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. Bramming, To the shareholders of Allison A/S We have audited the financial statements of Allison A/S for the financial year1 May 2022 – 30 April 2023comprising 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 2023 and of the results of the Company's operations for the financial year1May 2022 – 30 April 2023 in accordance with the Danish Financial Statements Act. We 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 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. Our 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 alsoidentify 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. Management 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, Mikkel Trabjerg Knudsen Katrine Gybel State AuthorisedPublic Accountant mne34459 State AuthorisedPublic Accountant mne45848 Allison A/S Hjortkærvej 2 DK 6740 Bramming 75 19 13 33 www.allison.dk info@allison.dk 13216002 Esbjerg Anders Jacob Gad Thostrup Chairman Julie Gad Thostrup Conradus Antonius Maria de Jong Henrik Karup Jørgensen Mette Kolling Rothmann Bente Christensen KPMGStatsautoriseret Revisionspartnerselskab Frederiks Plads 42 DK 8000 Aarhus 25578198 44086000 34211000 35330000 15478000 8688000 8639000 15328000 8629000 8542000 11955000 6774000 6726000 80737000 78042000 67844000 54868000 48817000 46912000 3463000 1902000 1047000 1043000 256000 0.64 0.70 0.68 0.63 0.69 52 53 58 56 56 The financial ratios have been calculated as follows:Operating profit/loss * 100Return on invested capitalAverage invested capitalEquity ex. non-controlling interests at year-end x 100Solvency ratioTotal equity and liabilities at year-end Operating reviewPrincipal 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 private brands for specialty retail and chains inEurope.Development in activities and financial positionThe Company’s income statement for 2022/23 shows a gross profit of DKK 27,879,214 as against DKK33,313,215 last year and a profit for the year of DKK 433,436 DKK as against DKK 4,055,509 last year.At 30 April 2023, equity stood at DKK 47,356,796 as against DKK 52,923,359 last year. Results andfinancial performance for 2022/23 were below budget, and Management considers results dissatisfactoryeven though the market situation remained difficult in 2022/23. The main reason for the disappointingresults was price increases in trading products, raw materials and packaging that were not compensatedin full by higher sales prices. OutlookFor the 2023/24 financial year, profit is expected to improve to at least the same level as in 2021/22.Events after the balance sheet dateNo events have occurred after the balance sheet date of material importance to the annual report for2022/23. 27879214 33313215 25423481 26460772 1767247 1467796 688486 5384647 6 27305 173062 216370 515430 5195582 81994 1140073 433436 4055509 7640483 7298196 187544 1055436 3882126 2025033 412616 48583 12122769 10427248 12122769 10427248 26621262 22297221 16405328 12195784 138677 317520 43165267 34810525 18674547 14730005 0 218635 179018 28500 397499 510501 19251064 15487641 16809 15229822 62433140 65527988 74555909 75955236 3125000 3125000 44231795 43798359 0 6000000 47356795 52923359 900652 924000 900652 924000 2473353 2809410 364910 406980 5207894 0 9146523 9551815 994746 0 105342 1173073 8005694 8166599 23825109 19298467 26298462 22107877 74555909 75955236 3125000 43798359 6000000 0 0 6000000 6000000 0 433436 0 3125000 44231795 0 The annual report of Allison A/S for 2022/23 has been prepared in accordance with the provisionsapplying to reporting class C medium-sized entities under the Danish Financial Statements Act.The accounting policies used in the preparation of the financial statements are consistent with those oflast year.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 and other operating costs are summarisein 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 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, financial costs regarding financeleases, gains and losses on securities, payables and transactions denominated in foreign currencies,amortisation of financial assets and liabilities as well as surcharges and refunds under the on-account taxscheme, etc.Tax on profit 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 intangible assets and property, plant and equipment as well as equityinvestments in group entities and associates is subject to an annual test for indications of impairmentother 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 comprises advance payments regarding events in subsequent years.EquityDividendsProposed dividends are recognised as a liability at the time of adaptation at the annual general meeting(date of declaration). The expected dividend payment for the year is disclosed as a separate item underequity.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. Pursuant 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 costsDKK2022/23 2021/22Wages and salaries22,276,89823,148,253Pensions1,682,1521,697,534Other social security costs847,592864,366Other staff costs616,839750,61925,423,481 26,460,772 In accordance with section 98b(3)(2) of the Danish Financial Statements Act, remuneration of theExecutive Board has not been disclosed. Financial incomeInterest income from group entities027,264Other financial income6416 27,305 Tax on profit for the yearCurrent tax for the year105,3421,173,073Deferred tax for the year-23,348-34,307Adjustment of deferred tax concerning previous years01,30781,994 1,140,073 433436 -1944491 Property, plant and equipmentProperty,Fixtures andplant andfittings, toolsequipmentLand andPlant andandunderDKKbuildingsmachineryequipmentconstructionTotalCost at 1 May 202222,349,71316,654,105213,8131,055,43640,273,067Adjustment previous years0-4,389,5894,230,7770-158,812Additions for the year948,2921,941,393385,539187,5443,462,768Transfers for the year01,055,4360-1,055,4360Cost at 30 April 2023 23,298,005 15,261,345 4,830,129 187,544 43,577,023Depreciation and impairmentlosses at 1 May 2022-15,051,517-14,629,072-165,2300-29,845,819Adjustment previous years04,119,457-3,960,6450158,812Depreciation for the year-606,005-869,604-291,6380-1,767,247Depreciation and impairmentlosses at 30 April 2023 -15,657,522 -11,379,219 -4,417,513 0 -31,454,254Carrying amount at 30April 2023 7,640,483 3,882,126 412,616 187,544 12,122,769 Contributed capitalContributed capital consists of shares of a nominal value of DKK 500 or multiples thereof. All shares rankequally. Deferred taxDeferred tax at beginning of the year924,000957,000Deferred tax adjustment for the year-23,348-33,000900,652 924,000 Non-current liabilities other than provisionsCredit institutions:0-1 years364,910406,9801-5 years1,533,9251,556,865>5 years939,4281,252,5452,838,263 3,216,390 Contractual obligations, contingencies, etc.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 management company, Auka Holding ApS', CVR no. 41 98 93 19,annual report.Operating lease obligationsThe Company has entered into operating leases with a remaining term of 16-34 months and an averagemonthly lease payment of DKK 36 thousand, totalling DKK 867 thousand. Mortgages and collateralThe Company has issued mortgage bonds of DKK 2,838 thousand, providing collateral for land andbuildings with a carrying amount at 30 April 2023 of DKK 7,640 thousand. In addition, the Company holdsa mortgage deed registered to the mortgagor of DKK 4,000 thousand.Allison has provided a joint and several guarantee as collateral for all amounts owed to Nordea by theGroup. Related party disclosuresAllison A/S' related parties comprise the following:ControlNopa Nordic A/SHavrevænget 13, Hobro9500 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, which are the smallest and largest groups,respectively, in which the Company is included as a subsidiary.Related party transactionsIn accordance with section 98 c(7) of the Danish Financial Statements Act, the Company has notdisclosed any related party transactions as they were conducted on an arm's length basis. Disclosure of events after the balance sheet dateNo significant events have occurred after the balance sheet date with an impact on the financialstatements. Annual report Auditor's report on audited financial statements ParsePort XBRL Converter 2022-05-01 2023-04-30 2021-05-01 2022-04-30 2023-06-27 Bente Christensen Reporting class C, medium-size enterprise 1989-06-01 2023-06-27 25578198 KPMG P/S Dampfærgevej 28 2100 København Ø Opinion Basis for Opinion 2023-06-27 25578198 KPMG Statsautoriseret Revisionspartnerselskab Frederiks Plads 42 8000 Aarhus DK 0.01 0.09 0.32 0.18 0.18