10824087 2024-06-30 10824087 2023-06-30 10824087 2023-07-01 fsa:ContributedCapitalMember 10824087 2023-07-01 fsa:RetainedEarningsMember 10824087 2023-07-01 fsa:ProposedDividendRecognisedInEquityMember 10824087 2024-06-30 fsa:ContributedCapitalMember 10824087 2024-06-30 fsa:RetainedEarningsMember 10824087 2024-06-30 fsa:ProposedDividendRecognisedInEquityMember 10824087 2023-07-01 fsa:FixturesFittingsToolsAndEquipmentMember 10824087 2023-07-01 fsa:LeaseholdImprovementsMember 10824087 2024-06-30 fsa:FixturesFittingsToolsAndEquipmentMember 10824087 2024-06-30 fsa:LeaseholdImprovementsMember 10824087 2023-07-01 fsa:DepositsLongtermInvestmentsAndReceivablesMember 10824087 2024-06-30 fsa:DepositsLongtermInvestmentsAndReceivablesMember 10824087 2023-07-01 2024-06-30 10824087 2023-07-01 2024-06-30 1 10824087 2023-07-01 2024-06-30 memberOfBoardIdentifier_executive_board_1 10824087 2023-07-01 2024-06-30 memberOfBoardIdentifier_board_of_director_1 10824087 2023-07-01 2024-06-30 memberOfBoardIdentifier_board_of_director_2 10824087 2023-07-01 2024-06-30 memberOfBoardIdentifier_board_of_director_3 10824087 2022-07-01 2023-06-30 10824087 2023-07-01 2024-06-30 fsa:ContributedCapitalMember 10824087 2023-07-01 2024-06-30 fsa:RetainedEarningsMember 10824087 2023-07-01 2024-06-30 fsa:ProposedDividendRecognisedInEquityMember 10824087 2023-07-01 2024-06-30 fsa:FixturesFittingsToolsAndEquipmentMember 10824087 2023-07-01 2024-06-30 fsa:LeaseholdImprovementsMember 10824087 2023-07-01 2024-06-30 fsa:DepositsLongtermInvestmentsAndReceivablesMember iso4217:DKK pure Årsrapport 33771231 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Strandvejen 44 2900 Hellerup 2023-07-01 2022-07-01 2024-06-30 2023-06-30 10824087 dormakaba Danmark A/S Roholmsvej 10A, 1. 2620 Albertslund Albertslund 1987-05-01 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 Munkebjergvænget 1, 3. og 4. sal 5230 Odense M Denmark 63 14 42 00 odense@pwc.dk 2024-11-08 Steve Bewick Regnskabsklasse B Erklæring om udvidet gennemgang The Executive Board and Board of Directors have today considered and adopted the Annual Report of dormakaba Danmark A/S for the financial year 1 July 2023 - 30 June 2024. The Annual Report is prepared in accordance with the Danish Financial Statements Act. In our opinion the Financial Statements give a true and fair view of the financial position at 30 June 2024 of the Company and of the results of the Company operations for 2023/24. We recommend that the Annual Report be adopted at the Annual General Meeting. 2024-11-08 Albertslund Kenth Roland Granljung CEO Steve Bewick Kenth Roland Granljung Patrick Arthur Grawehr To the shareholder of dormakaba Danmark A/S Opinion We have performed an extended review of the Financial Statements of dormakaba Danmark A/S for the financial year 1 July 2023 - 30 June 2024, which comprise 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. Based on the work performed, in our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 30 June 2024 and of the results of the Company´s operations for the financial year 1 July 2023 - 30 June 2024 in accordance with the Danish Financial Statements Act. Basis for Opinion We conducted our extended review in accordance with the Danish Business Authority´s Assurance Standard for Small Enterprises and FSR – Danish Auditors´ standard on extended review of financial statements prepared in accordance with the Danish Financial Statements Act. Our responsibilities under those standards and requirements are further described in the ”Practitioner´s responsibilities for the extended review of the Financial Statements” section of our report. We are independent of the Company 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 evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion. 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 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. Our responsibility is to express a conclusion on the Financial Statements. This requires that we plan and perform procedures to obtain limited assurance in respect of our conclusion on the Financial Statements and, moreover, that we perform supplementary procedures specifically required to obtain additional assurance in respect of our conclusion. An extended review consists of making inquiries, primarily of Management and others within the enterprise, as appropriate, and applying analytical procedures and the supplementary procedures specifically required as well as assessing the evidence obtained. An extended review is less in scope than an audit and, consequently, we do not express an audit opinion on the Financial Statements. Odense M 2024-11-08 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab Claus Damhave State Authorised Public Accountant mne34166 32731824 32303562 23907556 22237539 4764363 4431677 4059905 5634346 208043 83211 129154 81286 4138794 5636271 915055 1250418 3223739 4385853 0 4385853 3223739 0 474657 140864 22495 28238 497152 169102 432183 431052 432183 431052 929335 600154 290409 463552 290409 463552 34070114 26639215 168229 228425 0 10958 138454 103593 337498 351095 34714295 27333286 376185 6628081 35380889 34424919 36310224 35025073 700000 700000 3505663 281924 0 4385853 4205663 5367777 2008949 2202421 16229661 14414599 819916 1652994 13046035 11387282 32104561 29657296 32104561 29657296 36310224 35025073 700000 281924 4385853 0 0 -4385853 0 3223739 0 700000 3505663 0 The aim of the Company is to engage in trading and service acitivities as well as production for the construction industry especially closers, automatic door openers, door control units and related activities. 17 16 Wages and salaries, pensions, other social security expenses and other staff expenses are recognised in the following items: Distribution expenses 13994166 12732634 Total 13994166 12732634 96440 17327 31858 39614 856 24345 129154 81286 949916 1221858 -34861 28560 915055 1250418 6234840 2314066 458651 0 6693491 2314066 6093976 2285828 124858 5743 6218834 2291571 474657 22495 431051 1132 432183 432183 Rental and lease obligations Lease obligations under operating leases. Total future lease payments: Within 1 year 575512 488740 Between 1 and 5 years 493231 154653 Total 1068743 643393 Lease obligations, period of non-terminability 6 months. 415405 435442 Consolidated Financial Statements The Company is included in the Group Annual Report of the Parent Company of the largest and smallest group: Name Place of registered office domakaba Holding AG Rümlang (CH11795959) The Annual Report of dormakaba Danmark A/S for 2023/24 has been prepared in accordance with the provisions of the Danish Financial Statements Act applying to enterprises of reporting class B as well as selected rules applying to reporting class C. The accounting policies applied remain unchanged from last year. The Financial Statements for 2023/24 are presented in DKK. true 1 Revenues are recognised in the income statement as earned. Furthermore, value adjustments of financial assets and liabilities measured at fair value or amortised cost are recognised. Moreover, all expenses incurred to achieve the earnings for the year are recognised in the income statement, including depreciation, amortisation, impairment losses and provisions as well as reversals due to changed accounting estimates of amounts that have previously been recognised in the income statement. Assets are recognised in the balance sheet when it is probable that future economic benefits attributable to the asset 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 out of the Company, and the value of the liability can be measured reliably. Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are measured as described for each item below. Revenue from the sale of goods is recognised when the risks and rewards relating to the goods sold have been transferred to the purchaser, the revenue can be measured reliably and it is probable that the economic benefits relating to the sale will flow to the Company. Services are recognised at the rate of completion of the service to which the contract relates by using the percentage-of-completion method, which means that revenue equals the selling price of the service completed for the year. This method is applied when total revenues and expenses in respect of the service and the stage of completion at the balance sheet date can be measured reliably, and it is probable that the economic benefits, including payments, will flow to the Company. The stage of completion is determined on the basis of the ratio between the expenses incurred and the total expected expenses of the service. Revenue is measured at the consideration received and is recognised exclusive of VAT and net of discounts relating to sales. Production expenses comprise costs incurred to achieve revenue for the year. Cost comprises raw materials, consumables, direct labour costs and indirect production costs such as maintenance and depreciation, etc, as well as operation, administration and management of factories. With reference to section 32 of the Danish Financial Statements Act, gross profit/loss is calculated as a summary of revenue, production expenses and other operating income. Distribution expenses comprise costs in the form of salaries to sales and distribution staff, advertising and marketing expenses as well as operation of motor vehicles, depreciation, etc. Administrative expenses comprise expenses for Management, administrative staff, office expenses, depreciation, etc. Other operating income and other operating expenses comprise items of a secondary nature to the main activities of the Company, including gains and losses on the sale of property, plant and equipment. Financial income and expenses are recognised in the income statement at the amounts relating to the financial year. Tax for the year consists of current tax for the year and changes in deferred tax for the year. The tax attributable to the profit for the year is recognised in the income statement, whereas the tax attributable to equity transactions is recognised directly in equity. Property, plant and equipment are measured at cost less accumulated depreciation and less any accumulated impairment losses. Cost comprises the cost of acquisition and expenses directly related to the acquisition up until the time when the asset is ready for use. Depreciation based on cost reduced by any residual value is calculated on a straight-line basis over the expected useful lives of the assets, which are: Other fixtures and fittings, tools and equipment 4-7 years Leasehold improvements 3-10 years The fixed assets’ residual values are determined at nil. Depreciation period and residual value are reassessed annually. The carrying amounts of property, plant and equipment and investments are reviewed on an annual basis to determine whether there is any indication of impairment other than that expressed by depreciation. If so, the asset is written down to its lower recoverable amount. Other fixed asset investments consist of deposit. Inventories are measured at the lower of cost under the FIFO method and net realisable value. The net realisable value of inventories is calculated at the amount expected to be generated by sale of the inventories in the process of normal operations with deduction of selling expenses and costs of completion. The net realisable value is determined allowing for marketability, obsolescence and development in expected selling price. The cost of goods for resale equals landed cost. Receivables are measured in the balance sheet at the lower of amortised cost and net realisable value, which corresponds to nominal value less provisions for bad debts. Prepayments comprise prepaid expenses concerning rent, insurance premiums, subscriptions and interest. Dividend distribution proposed by Management for the year is disclosed as a separate Dividend item. Deferred income tax is measured using the balance sheet liability method in respect of temporary differences arising between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes on the basis of the intended use of the asset and settlement of the liability, respectively. Deferred tax assets, including the tax base of tax loss carry-forwards, are measured at the value at which the asset is expected to be realised, either by elimination in tax on future earnings or by set-off against deferred tax liabilities within the same legal tax entity. Deferred tax is measured on the basis of the tax rules and tax rates that will be effective under the legislation at the balance sheet date when the deferred tax is expected to crystallise as current tax. Any changes in deferred tax due to changes to tax rates are recognised in the income statement or in equity if the deferred tax relates to items recognised in equity. Current tax liabilities and receivables are recognised in the balance sheet as the expected taxable income for the year adjusted for tax on taxable incomes for prior years and tax paid on account. Extra payments and repayment under the on-account taxation scheme are recognised in the income statement in financial income and expenses. Debts are measured at amortised cost, substantially corresponding to nominal value.