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7090934000 5677957000 -5697000 1939000 230608000 1190005000 480379000 302241000 407385000 0 0 3755000 22087000 95283000 337944000 100864000 237080000 -18333000 -2951000 148350000 -6683549000 302241000 3647000 78606000 791879000 22087000 95283000 79703000 638980000 5323000 0 598822000 328567000 1510715000 1542631000 -3755000 0 -239907000 -248927000 -23000 148350000 -397254000 1819000 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Andre driftsindtægter</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Other operating income</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="60%" colspan="3" align="left" valign="middle" >2022/23</td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="60%" colspan="3" align="left" valign="middle" >tkr.</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Gevinst ved salg af anlægsaktiver</td><td width="20%" align="right" valign="middle" >1.933</td><td width="60%" colspan="3" align="left" valign="middle" >-</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Profit on the sale of fixed assets</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Øvrige driftsindtægter</td><td width="20%" align="right" valign="middle" >6</td><td width="60%" colspan="3" align="left" valign="middle" >-</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Other operating income</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Andre driftsindtægter i alt</td><td width="20%" align="left" valign="middle" ><b>1.939</b></td><td width="60%" colspan="3" align="left" valign="middle" ><b>-</b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Total other operating income</td></tr><tr><td colspan="5"></td></tr></table> 1199 397036000 60735000 2019000 14892000 5697000 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Af- og nedskrivninger</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Amortisation, depreciation and impairment losses</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="60%" colspan="3" align="left" valign="middle" >2022/23</td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="60%" colspan="3" align="left" valign="middle" >tkr.</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Goodwill</td><td width="20%" align="right" valign="middle" >49.681</td><td width="20%" align="right" valign="middle" >34.903</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Goodwill</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Erhvervede immaterielle anlægsaktiver</td><td width="20%" align="right" valign="middle" >2.642</td><td width="20%" align="right" valign="middle" >2.173</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Acquired intangible assets</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Grunde og bygninger</td><td width="20%" align="right" valign="middle" >15.273</td><td width="20%" align="right" valign="middle" >15.080</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Land and buildings</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Andre anlæg, driftsmateriel og inventar</td><td width="20%" align="right" valign="middle" >234.645</td><td width="20%" align="right" valign="middle" >243.159</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Fixtures and fittings, plant and equipment</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Af- og nedskrivninger i alt</td><td width="20%" align="left" valign="middle" ><b>302.241</b></td><td width="20%" align="left" valign="middle" ><b>295.315</b></td><td width="20%" ></td><td width="20%" ></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Total Amortisation, depreciation and impairment losses</td></tr><tr><td colspan="5"></td></tr></table> 22087000 78005000 -49000 22908000 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Koncernen har i regnskabsåret udført nedskrivningstest vedrørende ak-tivitetern den indregnede goodwill som er knyttet til i virksomheden Click Entertainment Limited Ltd. Nedskrivningstesten ned-skrivnin gav anledning til at foretage en af den regnskabsmæssige værdi på 15 mio. DKK. På grund af markedssituationen på de finansielle markeder er der flere væsentlige forudsætninger som for nedskrivningstesten er forbundet med stor usikkerhed, herunder især ledelsens forventninger til virksomhedens omsætning og indtjening i de kommende år. Såfremt de anvendte forudsætninger udvikler sig negativt kan der opstå behov for at foretage nedskrivning i kommende regnskabsår.</td></tr><tr><td /><td>In the financial year, the Group performed an impairment test regarding the goodwill recognised, in relation to the activities in the company Click Entertainment Limited Ltd. The impairment test gave rise to an impairment write-down of the carrying amount of DKK 15.0 million. Due to the present situation in the financial markets, several key assumptions for the impairment test are associated with significant uncertainty, including in particular Management's expectations as to the Company's revenue and earnings in the coming years. In the case that the assumptions used develop negatively, impairment losses may need to be recognised in the coming financial years.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Finansielle anlægsaktiver</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Investments</td></tr><tr><td colspan="4"></td></tr><tr><td width="25%" ></td><td width="75%" colspan="3" align="left" valign="middle" >Andre kapitalandele og værdipapirer</td></tr><tr><td width="25%" ></td><td width="75%" colspan="3" align="left" valign="middle" >Other equity investments and securities</td></tr><tr><td width="25%" ></td><td width="75%" colspan="3" align="left" valign="middle" >2023/24</td></tr><tr><td width="25%" ></td><td width="75%" colspan="3" align="left" valign="middle" >tkr.</td></tr><tr><td colspan="4"></td></tr><tr><td width="25%" colspan="1" align="left" valign="middle" >Anskaffelsessum 1. oktober 2023</td><td width="25%" align="right" valign="middle" >1851</td><td width="25%" ></td><td width="25%" ></td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Cost at 1 October 2023</td></tr><tr><td width="25%" colspan="1" align="left" valign="middle" >Tilgang til kostpriser</td><td width="75%" colspan="3" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Additions to cost</td></tr><tr><td width="25%" colspan="1" align="left" valign="middle" >Afgang til kostpriser</td><td width="75%" colspan="3" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Disposals at costs</td></tr><tr><td width="25%" colspan="1" align="left" valign="middle" >Anskaffelsessum 30. september 2024</td><td width="25%" align="right" valign="middle" >1851</td><td width="25%" ></td><td width="25%" ></td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Cost at 30 September 2024</td></tr><tr><td width="25%" colspan="1" align="left" valign="middle" >Op- og nedskrivninger 1. oktober 2023</td><td width="25%" align="right" valign="middle" >-1806</td><td width="25%" ></td><td width="25%" ></td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Amortisation and impairment losses at 1 October 2023</td></tr><tr><td width="25%" colspan="1" align="left" valign="middle" >Kursreguleringer</td><td width="75%" colspan="3" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Foreign exchange adjustments</td></tr><tr><td width="25%" colspan="1" align="left" valign="middle" >Årets værdiregulering</td><td width="75%" colspan="3" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Value adjustments for the year</td></tr><tr><td width="25%" colspan="1" align="left" valign="middle" >Afskrivning koncerngoodwill</td><td width="75%" colspan="3" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Amortisation of goodwill on consolidation</td></tr><tr><td width="25%" colspan="1" align="left" valign="middle" >Årets resultat</td><td width="75%" colspan="3" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Profit/loss for the year</td></tr><tr><td width="25%" colspan="1" align="left" valign="middle" >Udbetalt udbytte</td><td width="75%" colspan="3" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Dividend distribution</td></tr><tr><td width="25%" colspan="1" align="left" valign="middle" >Op- og nedskrivninger 30. september 2024</td><td width="25%" align="right" valign="middle" >-1806</td><td width="25%" ></td><td width="25%" ></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Amortisation and impairment losses at 30 September 2024</td></tr><tr><td colspan="4"></td></tr><tr><td width="25%" colspan="1" align="left" valign="middle" >Bogført værdi 30. september 2024</td><td width="25%" align="right" valign="middle" >45</td><td width="25%" ></td><td width="25%" ></td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Carrying amount at 30 September 2024</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Heraf udgør koncerngoodwill</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Hereof group goodwill</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Kapitalandele fremgår af note 23.</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Investments are specified in note 23.</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Et datterselskab har i regnskabsåret udført nedskrivningstest vedrørende den indregnede goodwill, som indgår i kapitalandele i tilknyttede virksomheder i en underkoncern, og er knyttet til aktiviteterne i virksomheden Click Entertainment Limited Ltd. Nedskrivningstesten gav anledning til at foretage nedskrivning af den regnskabsmæssige værdi med 15 mio. DKK. På grund af markedssituationen på de finansielle markeder er der flere væsentlige forudsætninger som for nedskrivningstesten er forbundet for-ventninge med stor usikkerhed, herunder især ledelsens til virksomhedens omsætning og indtjening i de kommende år. Såfremt de anvendte forudsætninger udvikler sig negativt kan der opstå behov for at foretage nedskrivning i kommende regnskabsår.</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >In the financial year, a subsidiary has performed an impairment test regarding the recognised goodwill, which is recognised in equity interests in group entities of subgroup, and which relates to the activities in the company Click Entertainment Limited Ltd. The impairment test gave rise to an impairment write-down of the carrying amount of DKK 15.0 million. Due to the present situation in the financial markets, several key assumptions for the impairment test are associated with significant uncertainty, including in particular Management's expectations as to the Company's revenue and earnings in the coming years. In the case that the assumptions used develop negatively, impairment losses may need to be recognised in the coming financial years.</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="2" align="left" valign="middle" >Finansielle leasingaktiver</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Assets helder under finance lease</td></tr><tr><td colspan="2"></td></tr><tr><td width="50%" ></td><td width="50%" colspan="1" align="left" valign="middle" >2023/24</td></tr><tr><td width="50%" ></td><td width="50%" colspan="1" align="left" valign="middle" >tkr.</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Finansiel leasing 1. oktober</td><td width="50%" align="right" valign="middle" >1583059</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Finance lease at 1 October</td></tr><tr><td colspan="2"></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Tilgang finansiel leasing i året</td><td width="50%" align="right" valign="middle" >1510715</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Additions to finance lease in the year</td></tr><tr><td colspan="2"></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Afdrag samt afgang ved udløb</td><td width="50%" align="right" valign="middle" >-1542631</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Repayment and disposals on expiry</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Finansielle leasingaktiver i alt</td><td width="50%" align="right" valign="middle" >1551143</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Total assets held under finance lease</td></tr><tr><td colspan="2"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Afledte finansielle instrumenter og oplysninger om dagsværdier</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Derivative financial instruments and disclosure of fair values</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Renterisici</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Virksomheden afdækker renterisici ved hjælp af renteswaps, hvorved variable rente-betalinger rentebetalinger omlægges til faste</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Interest rate risks</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >The Company uses interest rate swaps to hedge interest rate risks, whereby floating interest payments are rescheduled into fixed interest payments.</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >Beregningsmæssig hovedstol</td><td width="20%" colspan="1" align="left" valign="middle" >Værdiregulering ind-regnet på egenkapitalen</td><td width="20%" colspan="1" align="left" valign="middle" >Dagsværdi</td><td width="20%" colspan="1" align="left" valign="middle" >Restløbetid</td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >Notional principal</td><td width="20%" colspan="1" align="left" valign="middle" >Value adjustment recognised in equity</td><td width="20%" colspan="1" align="left" valign="middle" >Fair value</td><td width="20%" colspan="1" align="left" valign="middle" >Time to maturity</td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Renteswaps</td><td width="20%" align="right" valign="middle" >425000</td><td width="20%" align="right" valign="middle" >-18395</td><td width="20%" align="right" valign="middle" >19641</td><td width="20%" align="right" valign="middle" >2</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Interest rate swap</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >De sikrede pengestrømme forventes realiseret og vil påvirke resultatet over renteswappens restløbetid.</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >The hedged cash flows are expected to be realised and will affect results of operations over the term to maturity of the interest rate swap.</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Dagsværdioplysninger</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Koncernen har følgende aktiver og gældsforpligtelser, der måles til dagsværdi</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Fair value disclosures</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >The Group has the following assets and liabilities measured at fair value</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="80%" colspan="4" align="left" valign="middle" >Afledte finansielle instrumenter</td></tr><tr><td width="20%" ></td><td width="80%" colspan="4" align="left" valign="middle" >Derivative financial instruments</td></tr><tr><td width="20%" ></td><td width="80%" colspan="4" align="left" valign="middle" >2023/24</td></tr><tr><td width="20%" ></td><td width="80%" colspan="4" align="left" valign="middle" >tkr.</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Dagsværdi, ultimo</td><td width="20%" align="right" valign="middle" >19641</td><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Fair value at year end</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Ændringer, der er indregnet i reserve for sikringstransaktioner</td><td width="20%" align="right" valign="middle" >-18395</td><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Changes recognised in the hedging reserve</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Dagsværdiniveau</td><td width="20%" align="right" valign="middle" >2</td><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Fair value level</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >De afledte finansielle instrumenter er kategoriseret i niveau 2 i dagsværdihierarkiet og der indgår ikke væsentlige ikke-observerbare input i værdiansættelsen.</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >The derivative financial instruments are categorised in level 2 in the fair value hierarchy and no significant non-observable input is included in the valuation.</td></tr><tr><td colspan="5"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Andre tilgodehavender</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >.Other receivables</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Andre tilgodehavender vedrører leverandørbonus vedrørende varekøb, moms og øvrige tilgodehavender.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Other receivables relate to supplier bonus regarding purchase of goods, VAT and other receivables.</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Udskudte skatteaktiver</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax asssets</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="60%" colspan="3" align="left" valign="middle" >2022/23</td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="60%" colspan="3" align="left" valign="middle" >tkr.</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Udskudt skat 1. oktober</td><td width="20%" align="right" valign="middle" >14</td><td width="20%" align="right" valign="middle" >13</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax assets at 1 October</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Årets regulering af udskudt skat</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" align="right" valign="middle" >1</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax asset adjustment for the year</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Udskudt skat 30. september</td><td width="20%" align="right" valign="middle" >14</td><td width="20%" align="right" valign="middle" >14</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax at 30 September</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Moderselskabet har pr. 30. september 2024 indregnet skatteaktiv på i alt 10.012 mDKK. Skatteaktivet vedrører uudnyttede skattemæssige fradrag i form af tidsmæssige forskelle på 10.012 mDKK. Ledelsen har på baggrund af budget for 2024/25 vurderet det sandsynligt, at der vil være fremtidig uudnyt-ted skattepligtig indkomst til rådighed, hvori skattemæssige fradrag kan udnyttes.</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >At 30 September 2024, the Parent Company recognised a tax asset totalling DKK 10,012 million. The tax asset relates to unutilised tax deductions in the form of timing differences of DKK 10,012 million. Based on the budget for 2024/25, Management considers it likely that there will be future taxable income against which unutilised tax deductions can be offset.</td></tr><tr><td colspan="5"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Periodeafgrænsningsposter</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Prepayments</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Periodeafgrænsningsposter omkost-ninge vedrører forudbetalte vedrørende køb af EDB udstyr, forsikringspræmier, vægtafgift og øvrige periodiserede omkostninger.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Prepayments consist of prepaid costs relating to purchase of computer equipment, insurance premiums, motor vehicle tax and other accrued expenses.</td></tr><tr><td colspan="1"></td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Periodeafgrænsningsposter</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Deferred income</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Periodeafgrænsningsposter under forpligtelser består af modtagne efterføl-gend indtægter fra kunder, vedrørende det regnskabsår.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Deferred income under liabilities consists of revenue concerning subsequent financial years.</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Udskudt skat</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="60%" colspan="3" align="left" valign="middle" >2022/23</td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="60%" colspan="3" align="left" valign="middle" >tkr.</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Udskudt skat 1. oktober</td><td width="20%" align="right" valign="middle" >103745</td><td width="20%" align="right" valign="middle" >79740</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax at 1 October</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Tilgang ved køb af tilknyttet virksomhed</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="60%" colspan="3" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Additions on the acquisition of group entity</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Årets regulering af udskudt skat</td><td width="20%" align="right" valign="middle" >34257</td><td width="20%" align="right" valign="middle" >24005</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax adjustment for the year</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Udskudt skat 30. september</td><td width="20%" align="right" valign="middle" >138002</td><td width="20%" align="right" valign="middle" >103745</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax at 30 September</td></tr><tr><td colspan="5"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Garantiforpligtelser</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Warranty provisions</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="60%" colspan="3" align="left" valign="middle" >2022/23</td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="60%" colspan="3" align="left" valign="middle" >tkr.</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Saldo 1. oktober</td><td width="20%" align="right" valign="middle" >6510</td><td width="20%" align="right" valign="middle" >7361</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Warranty provisions at 1 October</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Årets hensættelse</td><td width="20%" align="right" valign="middle" >1174</td><td width="20%" align="right" valign="middle" >2592</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Provision for the year</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Årets forbrug af hensættelser</td><td width="20%" align="right" valign="middle" >-3077</td><td width="20%" align="right" valign="middle" >-3443</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Utilised during the year</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Garantiforpligtelser 30. september</td><td width="20%" align="right" valign="middle" >4607</td><td width="20%" align="right" valign="middle" >6510</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Warranty provisions at 30 September</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Forfaldstidspunkterne for garantiprovision forventes at blive</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Warranty provisions are expected to mature within</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >0-1 år</td><td width="20%" align="right" valign="middle" >3071</td><td width="20%" align="right" valign="middle" >4417</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >0-1 year</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >>1 år</td><td width="20%" align="right" valign="middle" >1536</td><td width="20%" align="right" valign="middle" >2093</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >>1 år</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Forfald i alt</td><td width="20%" align="right" valign="middle" >4607</td><td width="20%" align="right" valign="middle" >6510</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Total mature</td></tr><tr><td colspan="5"></td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Øvrige forpligtelser</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Other provisions</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="60%" colspan="3" align="left" valign="middle" >2022/23</td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="60%" colspan="3" align="left" valign="middle" >tkr.</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Saldo 1. oktober</td><td width="20%" align="right" valign="middle" >11744</td><td width="20%" align="right" valign="middle" >19011</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Other provisions at 1 October</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Årets hensættelse</td><td width="20%" align="right" valign="middle" >25</td><td width="20%" align="right" valign="middle" >68</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Provision for the year</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Årets forbrug af hensættelser</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" align="right" valign="middle" >-1500</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Utilised during the year</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Årets ubenyttede hensættelser, der er tilbageført</td><td width="20%" align="right" valign="middle" >-2676</td><td width="20%" align="right" valign="middle" >-5835</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Utilised during the year, reversal</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Øvrige forpligtelser 30. september</td><td width="20%" align="right" valign="middle" >9093</td><td width="20%" align="right" valign="middle" >11744</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Other provisions at 30 September</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Forfaldstidspunkterne for øvrige forpligtelser forventes at blive</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Other provisions are expected to mature within</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >0-1 år</td><td width="20%" align="right" valign="middle" >9093</td><td width="20%" align="right" valign="middle" >2038</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >0-1 year</td></tr><tr><td width="40%" colspan="2" align="left" valign="middle" >>1 år</td><td width="20%" align="right" valign="middle" >9706</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >>1 år</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Forfald i alt</td><td width="20%" align="right" valign="middle" >9093</td><td width="20%" align="right" valign="middle" >11744</td><td width="20%" ></td><td width="20%" ></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Total mature</td></tr><tr><td colspan="5"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Langfristede gældsforpligtelser</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Non-current liabilities</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >Gæld i alt 30/9 2023</td><td width="20%" colspan="1" align="left" valign="middle" >Afdrag næste år</td><td width="20%" colspan="1" align="left" valign="middle" >Langfristet andel</td><td width="20%" colspan="1" align="left" valign="middle" >Restgæld efter 5 år</td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >Total liabilities at 30-09-2023</td><td width="20%" colspan="1" align="left" valign="middle" >Repayment first year</td><td width="20%" colspan="1" align="left" valign="middle" >Long- term portion</td><td width="20%" colspan="1" align="left" valign="middle" >Outstanding debt after 5 years</td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td></tr><tr><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Anden gæld</td><td width="20%" align="right" valign="middle" >699</td><td width="20%" align="right" valign="middle" >699</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" colspan="1" align="left" valign="middle" >Other payables</td><td width="20%" align="right" valign="middle" >699</td><td width="20%" align="right" valign="middle" >699</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" >Kapitalandele</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Investments</td></tr><tr><td colspan="3"></td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Kapitalandele i tilknyttede virksomheder</td><td width="67%" colspan="2" align="left" valign="middle" >Stemme- og ejerandel i procent</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Investments in group entities</td><td width="67%" colspan="2" align="left" valign="middle" >Direct/indirect investment in percentage</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Fleggaard Detail A/S, Kruså</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Fleggaard GmbH, Harrislee</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >DanDiscount GmbH, Harrislee</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Dangaard Group A/S, Padborg</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >FleggaardShop.dk Einkauf GmbH, Harrislee</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >DEPOLT UAB, Vilnius</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Dangaard Group Polska asp. z.o.o.</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Click Entertainment LTD, Croydon</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Click Entertainment USA Inc, Miami</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" ></td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Famobra A/S, Kruså</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" ></td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Dangaard Isenkram GmbH, Harrislee</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Calgros GmbH, Flensburg</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Famobra GmbH, Harrislee</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Famobra PTE. LTD., Singapore</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Calle A/S, Kruså</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Calle GmbH, Harrislee</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Calle Aventoft GmbH & Co. KG, Harrislee</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Calle Estonia OÜ, Tallin</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td colspan="3"></td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Ejendomsselskabet Industrivej 1, Padborg ApS, Kruså</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Fleggaard Homeparts A/S, Kruså</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Fleggaard Auto GmbH, Harrislee</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Fleggaard IT ApS, Kruså</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Strandparken A/S, Kruså</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Fleggaard Finans A/S, Kruså</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >ASWO Danmark ApS, Padborg</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >ASWO-Norge AS, Norge</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >ASWO- Sverige AB, Sverige</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >ASWO Suomi OY, Korsnäs</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >PostMe ApS, Herlev</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Dangaard Collections Holding A/S, Padborg</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Selskabet af 01. 10.2023 A/S, Padborg</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td colspan="3"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="2" align="left" valign="middle" >Valutarisici</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Currency risk</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Selskabet afdækker forventede valutarisici vedrørende varesalg og varekøb inden valutater-minskontrakter for det førstkommende år med Løbetiden på alle indgåede kontrakter er indtil 3 måneder. Der er afdækket</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >- 121. 161 DKK DKK overfor USD</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >- 194.899 GBP overfor DKK</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >The Company hedge currency risks concerning sale of goods and purchased supplies within the next year with forward exchange contracts. The term of all incoming contracts are up to tree months. The following is hedged</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >- 121. 161 DKK against USD</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >- 194.899 GBP against DKK</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Dagsværdioplysninger</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Koncernen har følgende aktiver og gældsforpligtelser, der måles til dagsværdi</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Fair value disclosures</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >The Group has the following assets and liabilities measured at fair value</td></tr><tr><td colspan="2"></td></tr><tr><td width="50%" ></td><td width="50%" colspan="1" align="left" valign="middle" >Afledte finansielle instrumenter</td></tr><tr><td width="50%" ></td><td width="50%" colspan="1" align="left" valign="middle" >Derivative financial instruments</td></tr><tr><td width="50%" ></td><td width="50%" colspan="1" align="left" valign="middle" >2023/24</td></tr><tr><td width="50%" ></td><td width="50%" colspan="1" align="left" valign="middle" >tkr.</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Dagsværdi, ultimo</td><td width="50%" align="right" valign="middle" >8</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Fair value at year end</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Årets urealiserede ændringer i dagsværdien, indregneti reserve for sikringsinstrumenter</td><td width="50%" align="right" valign="middle" >50</td></tr><tr><td colspan="2"></td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >Unrealised changes in fair value for the year, recognised in the reserve for hedging instruments</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Dagsværdiniveau</td><td width="50%" align="right" valign="middle" >2</td></tr><tr><td colspan="2"></td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >Fair value level</td><td width="50%" colspan="1" align="left" valign="middle" >ikke-observerbare input i værdiansættelsen.</td></tr><tr><td width="50%" colspan="1" align="left" valign="middle" >De afledte finansielle instrumenter er kategoriseret i niveau 2 i dagsværdihierarkiet og der indgår ikke væsentlige</td><td width="50%" colspan="1" align="left" valign="middle" >input is included in the valuation.</td></tr><tr><td width="100%" colspan="2" align="left" valign="middle" >The derivative financial instruments are categorised i level 2 in the fair value hierarchy, and no significant unobservable</td></tr><tr><td colspan="2"></td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" >Ændring i driftskapital (pengestrømopgørelse)</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Changes in working capital (cash flow statement)</td></tr><tr><td colspan="3"></td></tr><tr><td width="33%" ></td><td width="33%" colspan="1" align="left" valign="middle" >2023/24</td><td width="34%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="33%" ></td><td width="33%" colspan="1" align="left" valign="middle" >tkr.</td><td width="34%" colspan="1" align="left" valign="middle" >tkr.</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Ændring i varebeholdninger</td><td width="33%" align="right" valign="middle" >130427</td><td width="34%" align="right" valign="middle" >-10547</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Changes in inventories</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Ændring i tilgodehavender og periodeafgrænsningsposter</td><td width="33%" align="right" valign="middle" >-50252</td><td width="34%" align="right" valign="middle" >-14339</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Changes in receivables and prepayments/ deferred income</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Ændring i leverandør af varer og tjenesteydelser, anden gæld og periodeafgrænsningsposter</td><td width="33%" align="right" valign="middle" >-1569</td><td width="34%" align="right" valign="middle" >-123890</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Changes in trade payables, other payables and prepayments/ deferred income</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Ændring i driftskapital i alt</td><td width="33%" align="right" valign="middle" >78606</td><td width="34%" align="right" valign="middle" >-148776</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Total changes in working capital</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Sikkerhedsstillelser og eventualposter</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Collateral and contigent liabilities</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Sikkerhedsstillelser</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Koncernen har stillet garantier over for tredjemand med 26,8 mio. kr. (2022/23: 24,6 mio.kr.)</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Eventualposter</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Koncernen er part i enkelte retssager og tvister. Afgørelse af disse sager vurderes ikke at påvirke koncernens økonomiske stilling, ud over beløb der er indregnet i årsrapporten.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Koncernen har lejeforpligtelser for 130,9 mio. kr. (2022/23: 113,1 mio. kr.)</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Collateral</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Parent Company</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Fleggaard Holding A/S has provided a guarantee for the Group's total debt to banks, max DKK 2, 114,300k. At the balance sheet date, there is an outstanding debt of DKK 1,651, 192k.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Fleggaard Holding A/S has provided a guarantee to third party totalling DKK 26.8 million. (2022/23: DKK 21.7 million)</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The Group has provided a guarantee to third party totalling DKK 26.8 million. (2022/23: DKK 24.6 million)</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Contingencies</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Parent company</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Fleggaard Holding A/S is jointly taxed with its parent company Aktieselskabet Fladkær (management company) and is jointly and severally liable together with other jointly taxed entities for payment of corporate income taxes and for withholding tax on interests, royalties and dividends due.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Fleggaard Holding A/S has issued comfort letters in respect of group entities.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The Group is party to a few legal actions and disputes. Any ruling in that respect is deemed not to affect the Group’s financial position other than the amounts recognised in the annual report.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The Group has lease liabilities of DKK 130.9 million. (2022/23: DKK 113.1 million)</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" >Oplysning om nærtstående parter og transaktioner med disse</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Related party transactions</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Fleggaard Ak-tieselskabe Holding A/S' nærtstående parter omfatter Fladkær A/S og tilknyttede virksomheder, som omtalt i note 23 samt selskabernes bestyrelse og direktion.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Fleggaard Holding A/S' related parties include Aktieselskabet Fladkær A/S and subsidiaries as mentioned in note 23 as well as the companies’ Executive Boards and Boards of Directors.</td></tr><tr><td colspan="3"></td></tr><tr><td width="33%" ></td><td width="33%" colspan="1" align="left" valign="middle" >2023/24</td><td width="34%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="33%" ></td><td width="33%" colspan="1" align="left" valign="middle" >tkr.</td><td width="34%" colspan="1" align="left" valign="middle" >tkr.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Transaktioner med nærtstående parter</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Related party transactions</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Renteomkostninger til kapitalinteresser</td><td width="33%" align="right" valign="middle" >1021</td><td width="34%" align="right" valign="middle" >2119</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Financial expenses from participating interests</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Ejerforhold</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Følgende aktionærer er noteret i selskabets aktionærfortegnelse og som ejer 100% af stemmerne og 100% af aktiekapitalen: Aktieselskabet Fladkær, Skovbakken 10, 6340 Kruså.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Ownership</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >The following shareholders are registered in the Company's register of shareholders as holding minimum 100% of the votes or minimum 100% of the share capital: Aktieselskabet Fladkær, Skovbakken 10, 6340 Kruså.</td></tr><tr><td colspan="3"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Honorar til revisorer</td></tr><tr><td /><td>Audit fees</td></tr></table> 2600000 900000 200000 3700000 Fleggaard Holding A/S Skovbakken 10, Kollund, DK 6340 Kruså 77847316 2025-02-05 Dirigent <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Ledelsespåtegning</td><td>Statement by Management on the annual report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Bestyrelse og direktion har dags dato behandlet og godkendt årsrapporten for Fleggaard Holding A/S for regnskabsåret 1.oktober 2023 – 30. september 2024.</td><td>Today, the Board of Directors and the Executive Board have discussed and approved the annual report of Fleggaard Holding A/S for the financial year 1 October 2023 – 30 September 2024.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Årsrapporten er aflagt i overensstemmelse med årsregnskabsloven.</td><td>The annual report has been prepared in accordance with the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Det er vores opfattelse, at koncernregnskabet og årsregn- skabet giver et retvisende billede af koncernens og selskabets aktiver, passiver og finansielle stilling pr. 30. september 2024 samt af resultatet af koncernens og selskabets aktiviteter og koncernens pengestrømme for regnskabsåret 1. oktober 2023 – 30. september 2024.</td><td>In our opinion, the consolidated financial statements and the parent company financial statements give a true and fair view of the financial position of the Group and the Parent Company at 30 September 2024 and of the results of the Group's and the Parent Company's operations and the consolidated cash flows for the financial year 1 October 2023 – 30 September 2024.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Det er endvidere vores opfattelse, at ledelsesberetningen inde- holder en retvisende redegørelse for udviklingen i koncernens og selskabets aktiviteter og økonomiske forhold, årets resultat og for koncernens og selskabets finansielle stilling.</td><td>Further, in our opinion, the Management's review gives a fair review of the development in the Group's and the Parent Company's operations and financial matters and the results of the Group's and the Parent Company's operations and financial position.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Årsrapporten indstilles til generalforsamlingens godkendelse.</td><td>We recommend that the annual report be approved at the annual general meeting.</td></tr></table> Kollund 2025-02-05 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>| Den uafhængige revisors revisions- påtegning</td><td>Independent auditor's report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Til kapitalejerne i Fleggaard Holding A/S Konklusion</td><td>To the shareholders of Fleggaard Holding A/S Opinion</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Konklusion</td><td>Conclusion</td></tr><tr><td>Vi har revideret koncernregnskabet og årsregnskabet for Flegaard Holding A/S for regnskabsåret 1. oktober 2023 – 30. september 2024, der omfatter resultatopgørelse, balance, egenkapitalop- gørelse og noter, herunder anvendt regnskabspraksis, for såvel koncernen som selskabet, samt pengestrømsopgørelse for kon- cernen. Koncernregnskabet og årsregnskabet udarbejdes efter årsregnskabsloven.</td><td>We have audited the consolidated financial statements and the parent company financial statements of Fleggaard Holding A/S for the financial year 1 October 2023 – 30 September 2024, which comprise income statement, balance sheet, statement of changes in equity and notes, including accounting policies, for the Group and the Parent Company, and a consolidated cash flow statement. The consolidated financial statements and the parent company financial statements are prepared in accordance with the Danish Financial Statements Act.</td></tr><tr><td>Det er vores opfattelse, at koncernregnskabet og årsregnskabet giver et retvisende billede af koncernens og selskabets aktiver, passiver og finansielle stilling pr. 30. september 2024 samt af resultatet af koncernens og selskabets aktiviteter og koncernens pengestrømme for regnskabsåret 1. oktober 2023 – 30. september 2024 i overensstemmelse med årsregnskabsloven.</td><td>In our opinion, the consolidated financial statements and the parent company financial statements give a true and fair view of the financial position of the Group and the Parent Company at 30 September 2024 and of the results of the Group's and the Parent Company's operations as well as the consolidated cash flows for the financial year 1 October 2023 – 30 September 2024 in accordance with the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Grundlag for konklusion</td><td>Basis for opinion</td></tr><tr><td>Vi har udført vores revision i overensstemmelse med inter- nationale 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 koncernregnskabet og års- regnskabet" (herefter benævnt "regnskaberne"). Det er vores opfattelse, at det opnåede revisionsbevis er tilstrækkeligt og egnet som grundlag for vores konklusion.</td><td>We 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 consolidated financial statements and the parent company financial statements" (hereinafter collectively referred to as "the financial statements") section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Uafhængighed</td><td>Independence</td></tr><tr><td>Vi er uafhængige af koncernen i overensstemmelse med Inter- national Ethics Standards Board for Accountants' internationale retningslinjer for revisorers etiske adfærd (IESBA 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.</td><td>We are independent of the Group 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.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Ledelsens ansvar for regnskaberne</td><td>Management's responsibilities for the financial statements</td></tr><tr><td>Ledelsen har ansvaret for udarbejdelsen af et koncernregnskab og et årsregnskab, der giver et retvisende billede i overensstem- melse med årsregnskabsloven. Ledelsen har endvidere ansvaret for den interne kontrol, som ledelsen anser for nødvendig for at udarbejde regnskaberne uden væsentlig fejlinformation, uanset om denne skyldes besvigelser eller fejl.</td><td>Management is responsible for the preparation of consolidated financial statements and parent company 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.</td></tr><tr><td>Ved udarbejdelsen af regnskaberne er ledelsen ansvarlig for at vurdere koncernens og selskabets evne til at fortsætte driften; at oplyse om forhold vedrørende fortsat drift, hvor dette er relevant; samt at udarbejde regnskaberne på grundlag af regnskabsprincippet om fortsat drift, medmindre ledelsen enten har til hensigt at likvidere koncernen eller selskabet, indstille driften eller ikke har andet realistisk alternativ end at gøre dette.</td><td>In preparing the financial statements, Management is responsible for assessing the Group's and the Parent 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 Group or the Parent Company or to cease operations, or has no realistic alternative but to do so.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Revisors ansvar for revisionen af regnskaberne</td><td>Auditor's responsibilities for the audit of the financial statements</td></tr><tr><td>Vores mål er at opnå høj grad af sikkerhed for, om regnskaberne 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 regnskaberne.</td><td>Our objectives are to obtain reasonable assurance as to 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 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 the financial statements.</td></tr><tr><td>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.</td><td>As part of an audit conducted in accordance with ISAs and additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit.</td></tr><tr><td>Herudover</td><td>We also</td></tr><tr><td>Identificerer og vurderer vi risikoen for væsentlig fejlinformation i regnskaberne, 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.</td><td>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.</td></tr><tr><td>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 koncernens og selskabets interne kontrol.</td><td>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 Group's and the Parent Company's internal control.</td></tr><tr><td>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.</td><td>Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.</td></tr><tr><td>Konkluderer vi, om ledelsens udarbejdelse af regnskaberne 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 koncernens og 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 regnskaberne eller, hvis sådanne oplysninger ikke er tilstrækkelige, modificere vores konklusion. Vores konklusion er baseret på det revisionsbevis, der er opnået frem til datoen for vores revisionspåtegning. Fremtidige begivenheder eller forhold kan dog medføre, at koncernen og selskabet ikke længere kan fortsætte driften.</td><td>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 Group's and the Parent 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 Group and the Parent Company to cease to continue as a going concern.</td></tr><tr><td>Tager vi stilling til den samlede præsentation, struktur og indhold af regnskaberne, herunder note-oplysningerne, samt om regnskaberne afspejler de underliggende transaktioner og begivenheder på en sådan måde, at der gives et retvisende billede heraf.</td><td>Evaluate the overall presentation, structure and contents of the financial statements, including the note disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.</td></tr><tr><td>Opnår vi tilstrækkeligt og egnet revisionsbevis for de finansielle oplysninger for virksomhederne eller forretningsaktiviteterne i koncernen til brug for at udtrykke en konklusion om kon- cernregnskabet. Vi er ansvarlige for at lede, føre tilsyn med og udføre koncernrevisionen. Vi er eneansvarlige for vores revisionskonklusion.</td><td>Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.</td></tr><tr><td>Vi kommunikerer med den øverste ledelse om bl.a. 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.</td><td>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.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Udtalelse om ledelsesberetningen</td><td>Statement on the Management's review</td></tr><tr><td>Ledelsen er ansvarlig for ledelsesberetningen.</td><td>Management is responsible for the Management's review.</td></tr><tr><td>Vores konklusion om regnskaberne omfatter ikke ledelses- beretningen, og vi udtrykker ingen form for konklusion med sikkerhed om ledelsesberetningen.</td><td>Our opinion on the financial statements does not cover the Management's review, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td>I tilknytning til vores revision af regnskaberne er det vores ansvar at læse ledelsesberetningen og i den forbindelse over- veje, om ledelsesberetningen er væsentligt inkonsistent med regnskaberne eller vores viden opnået ved revisionen eller på anden måde synes at indeholde væsentlig fejlinformation.</td><td>In connection with our audit of the financial statements, our responsibility is to read the Management's review and, in doing so, consider whether the Management's review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.</td></tr><tr><td>Vores ansvar er derudover at overveje, om ledelsesberetningen indeholder krævede oplysninger i henhold til årsregnskabsloven.</td><td>Moreover, it is our responsibility to consider whether the Management's review provides the information required under the Danish Financial Statements Act.</td></tr><tr><td>Baseret på det udførte arbejde er det vores opfattelse, at ledelsesberetningen er i overensstemmelse med regnskaberne og er udarbejdet i overensstemmelse med årsregnskabslovens krav. Vi har ikke fundet væsentlig fejlinformation i ledelses- beretningen.</td><td>Based on the work we have performed, we conclude that the 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 the Management's review.</td></tr></table> Vejle 2025-02-05 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="6">Hoved- og nøgletal for koncernen</td></tr><tr><td /><td>2023/24</td><td>2022/23</td><td>2021/22</td><td>2020/21</td><td>2019/20</td></tr><tr><td /><td>Mio. kr.</td><td>Mio. kr.</td><td>Mio. kr.</td><td>Mio. kr.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Hoved- og nøgletalsoversigt</td><td>Financial highlights</td></tr><tr><td>Nøgletal er beregnet som følger</td><td>Calculation of financial ratios</td></tr><tr><td>Overskudsgrad</td><td>Net profit ratio</td></tr><tr><td>Resultat af primær drift x 100 / Nettoomsætning</td><td>Profit/loss before net financials x 100 / Revenue</td></tr><tr><td>Afkastningsgrad</td><td>Return on investments</td></tr><tr><td>Resultat af primær drift x 100 / (Aktiver ultimo + aktiver primo)/2</td><td>Profit/loss before net financials x 100 / (Assets at year end + Assets at the beginning of the year)/2</td></tr><tr><td>Bruttomargin</td><td>Gross margin</td></tr><tr><td>Bruttoresultat x 100 / Nettoomsætning</td><td>Gross profit x 100 / Revenue</td></tr><tr><td>Likviditetsgrad</td><td>Liquidity ratio</td></tr><tr><td>Omsætningsaktiver x 100 / Kortfristede gældsforpligtelser</td><td>Current assets x 100 / Current liabilities</td></tr><tr><td>Soliditetsgrad</td><td>Solvency ratio</td></tr><tr><td>Egenkapital x 100 / Aktiver</td><td>Capital and reserves x 100 / Assets</td></tr><tr><td>Egenkapitalforrentning</td><td>Return on Equity</td></tr><tr><td>Årets resultat x 100 / (Egenkapital primo + egenkapital ultimo)/2</td><td>Profit/loss for the year x 100 / (Equity at the beginning of the year + Equity at year end)/2</td></tr><tr><td>Resultat af primær drift</td><td>Operating</td></tr><tr><td>Resultat før finansielle post +/- Andre driftsindtægter og andre driftsomkostninger</td><td>Profit/loss before net financials +/- Other operating income and other operating expenses</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Hovedtal</td></tr><tr><td colspan="1">Key figures</td></tr></table> 598800000 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Nøgletal</td></tr><tr><td colspan="1">Financial ratios</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Nøgletal</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="2">Der henvises til definitioner og begreber under anvendt regnskabspraksis</td></tr><tr><td /><td>Equity ratio</td></tr><tr><td /><td>For terms and definitions, please see the accounting policy</td></tr></table> 0.06 0.09 0.17 0.64 0.46 0.12 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Forord fra Adm. Koncerndirektør</td><td>Preface by Group CEO</td></tr><tr><td>Stabil kurs i turbulent farvand</td><td>Steady course in turbulent waters</td></tr><tr><td>I Fleggaard koncernen var regnskabsåret 2023/24 overordnet set et godt år, der levede op til den forventede udvikling. Som internationalt konglomerat råder koncernen over en velafba- lanceret virksomhedsportefølje med selskaber, der er godt positionerede i deres respektive markeder.</td><td>In the Fleggaard Group, the financial year 2023/24 was generally a good year that lived up to the expected development. As a conglomerate, the Group has a well-balanced portfolio of companies that are well positioned in their respective markets.</td></tr><tr><td>Nogle af koncernens forretningsområder var i 2023/24 udfor- dret af svære markedsvilkår, som følge af fortsat ustabilitet og uforudsigelighed på de globale markeder, mens andre af koncernens selskaber realiserede vækst og fremgang. Samlet set ser vi tilbage på en udvikling, hvor vi på koncernniveau for- måede at realisere en marginal stigning i/fastholde niveauet i koncernomsætningen og en stabil udvikling på EBT.</td><td>Some of the Group’s business areas were challenged by difficult market conditions in 2023/24 due to continued instability and unpredictability in the global markets, while other Group companies realised growth and progress. Overall, we look back at a development, where at group level, we succeeded in realising a marginal increase in group revenue/maintaining the level of group revenue and a steady EBT development.</td></tr><tr><td>Selvom inflationsniveauet var faldende og renteniveauet viste tegn på bedring, var dele af koncernens aktiviteter udfordret af lav forbrugertillid. Dette satte en dæmper på slutforbrugernes købelyst blandt andet inden for forbrugerelektronik. Samtidig gjorde det høje internationale renteniveau det omkostningstungt at drive forretning og øgede blandt andet omkostningerne for koncernens leasing- og grossistaktiviteter.</td><td>Although the inflation level decreased and the level of interest showed signs of improvement, parts of the Group’s activities were challenged by low consumer confidence. This dampened end consumers' buying spirit, among other things, within consumer electronics. At the same time, the world-wide, high level of interest made it cost-intensive to run a business and implied an increase in i.a. the costs of the Group’s leasing and wholesale activities.</td></tr><tr><td>Regnskabsåret 2023/24 kan bedst beskrives som et år, hvor koncernen på trods af stagnation på centrale markeder allige- vel formåede at opretholde et fornuftigt indtjeningsniveau. Fleggaard koncernen er således fortsat en velkonsolideret og robust familievirksomhed med stærke værdier. Vi holder fast i vores ambition om vækst gennem langsigtet udvikling, og vil fortsat arbejde målrettet på at styrke vores kernekompetencer for at blive endnu bedre til det, vi er gode til.</td><td>The 2023/24 financial year is best characterised as a year in which the Group, despite stagnating central markets, succeeded in maintaining a reasonable level of earnings. The Fleggaard Group thus remains a well-consolidated and robust family business with strong values. Our ambition remains growth through long-term development, and we will continue to work determinedly on strengthening our core competencies to become even better at what we are good at.</td></tr><tr><td>2024/25 bliver med stor sandsynlighed lige så begivenhedsrigt set i lyset af geopolitiske spændinger, politiske forskydninger samt udsigten til lavvækst på centrale markeder i EU. Vores primære fokus vil være rettet mod en optimering og videreudvikling af vores eksisterende forretningsområder, mens vi fortsat er åbne for strategiske opkøb, hvis der opstår muligheder inden for vores nuværende forretningsområder.</td><td>In the light of geopolitical tensions, political shifts and the prospects of low growth in key markets in the EU, 2024/25 will most likely be just as eventful. We will target our primary attention on optimising and further developing our current business areas, while we will still be open to strategic acquisitions should anything come up within our current business areas.</td></tr><tr><td>Vi træder således ind i det nye regnskabsår med tillid til vores innovations- og tilpasningsevne i forhold til de nye udfordringer og muligheder, året kommer til at byde på.</td><td>We are thus entering the new financial year full of confidence in our ability to innovate and adapt to the new challenges and opportunities the year will bring.</td></tr><tr><td colspan="2">Adm. koncerndirektør</td></tr><tr><td colspan="2">Jens Klavsen, Kollund, den 5. februar 2025</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Balance og pengestrømme</td><td>Balance sheet and cash flows</td></tr><tr><td>Koncernens samlede balance udgør 4,4 mia. kr., hvilket er fald på 3% i forhold til foregående regnskabsår. Hovedparten af koncernens driftsmidler kan henføres til Fleggaard Leasing og består hovedsageligt af biler til det danske marked. Koncernens egenkapital udgør 2,0 mia. kr. Det svarer til en soliditetsgrad på 46%, hvilket vurderes tilfredsstillende for et konglomerat med handels- og leasingvirksomheder. Gældsforpligtelserne i koncernen er faldet med 250,7 mio. kr. Koncernen har et positivt cash flow på 639 mio. kr. fra driften, hvilket vurderes tilfredsstillende. Der er netto investeret 240 mio. kr. i anlægsaktiver, hvilket primært kan henføres til Fleggaard Leasing. Koncernens rentebærende gæld er faldet med 249 mio. kr. Årets pengestrøm er positiv med 1,8 mio. kr., hvorved likviderne er steget til 4 mio. kr.</td><td>The Group's total assets amount to DKK 4.4 billion which is an decrease of3% compared to the previous financial year. The majority of the Group's operating equipment is attributable to Fleggaard Leasing and consists mainly of vehicles for the Danish market. The Group's equity amounts to DKK2.0 billion. This corresponds to an equity ratio of 46%, which is considered satisfactory for a conglomerate with commercial and leasing entities. Consolidated liabilities decreased by DKK 250.7 million. The Group has a positive cash flow of DKK 639 million from operations, which is considered satisfactory. Net investments in fixed assets amount to DKK 240 million and mainly relate to Fleggaard Leasing. The Group's interest-bearing debt has decreased by DKK 249 million. The net increase in cash flows for the year is DKK 1.8 million, which means that cash and cash equivalents have increased to DKK 4 million.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Årets resultat i forhold til den forventede udvikling</td><td>Profit for the year compared to the expected development</td></tr><tr><td>Resultatet på 338 mio. kr. for regnskabsåret 2023/24 var indenfor det forventede spænd. Prognosen for regnskabsåret 2023/24 var ellers præget af en del usikkerhed omkring en række makroøkonomiske forhold, herunder højt renteniveau og lav forbrugertillid. Under de givne omstændigheder finder koncernledelsen årets resultat på 338 mio. kr. tilfredsstillende.</td><td>The profit for the financial year 2023/24 of DKK 338 million was within the expected range. The forecast for the financial year 2023/24 was, however, characterised by some uncertainty in respect of the macro-economic landscape, including a high level of interest and low consumer confidence. Given the circumstances, group management finds the profit for the year of DKK 338 millions satisfactory.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Fleggaard koncernens aktiviteter</td><td>Activities of the Fleggaard Group</td></tr><tr><td>Fleggaard koncernen har sit hovedsæde i den sønderjyske by Kollund ved Flensborg Fjord. Her, blot et stenkast fra den dansk-tyske grænse, har moderselskabet Fleggaard Holding A/S hjemme og er centralt omdrejningspunkt for koncernens selskaber i ind- og udland. Koncernens historie strækker sig tilbage til 1926 med åbningen af en lille købmandsbutik i Padborg.</td><td>The Fleggaard Group is domiciled in Kollund in the southern part of Jutland by Flensborg Fjord. The Parent Company, Fleggaard Holding A/S, is domiciled only a stone's throw from the Danish-German border and is central to the Group’s companies in Denmark and abroad. The history of the Group goes back to 1926 when a small convenience store opened in Padborg.</td></tr><tr><td>I dag er Fleggaard koncernen et konglomerat bestående af en række forskellige virksomheder fordelt på tre overordnede stra- tegiske kerneområder; detailhandel, grossisthandel og leasing. Det gør Fleggaard koncernen til en af de største virksomheder i Sønderjylland og blandt de omkring 100 største virksomheder i Danmark målt på omsætning.</td><td>Today, the Fleggaard Group is a conglomerate with a number of different businesses in three overall strategical core business areas: retail, wholesale and leasing. Thereby, the Fleggaard Group is one of the largest businesses in Southern Jutland and among the about 100 largest businesses in Denmark measured by revenue.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Forretningsmodel</td><td>Business model</td></tr><tr><td>Grundfilosofien i Fleggaard koncernen er at sprede aktiviteterne på forskellige brancher med afsætning til forskellige segmenter og markeder. Denne strategiske tilgang sker med henblik på at skabe vækst og samtidig mindske risikoen og afhængigheden af enkelte forretningsområder.</td><td>The basic philosophy of the Fleggaard Group is to spread its activities to different industries with sales to different segments and markets. This strategic approach is taken in order to create growth and at the same time minimise the risk and the dependence on specific business areas.</td></tr><tr><td>Med baggrund i ovenstående har Fleggaard koncernen udviklet sig til en international koncern med virksomheder i 10 forskellige lande, ca. 1.600 medarbejdere samt kunder og leverandører i hele verden. Selvom koncernen i dag er et internationalt handelshus, der opererer globalt, hviler det stadig på de helt fundamentale grundprincipper fra 1926 med vægt på det gode købmandskab og med dybe rødder i den sønderjyske muld.</td><td>Based on the above, the Fleggaard Group has developed into an international group with entities in ten different countries, approx. 1,600 employees and customers and suppliers throughout the world. Although today, the Group is an international, commercial enterprise, operating globally, it still rests on the fundamental principles from 1926, emphasising sound business acumen, and with its roots well planted in the soil of southern Jutland.</td></tr><tr><td>Ambitionerne i Fleggaard koncernen har altid været store og præget af vækst gennem langsigtet udvikling - både organisk og via strategiske opkøb. Med udgangspunkt i visionen om at være ”Best in Class” arbejder koncernen målrettet ud fra det simple princip – ”at gøre mere af det vi er gode til”, mens aktiviteter, der historisk set ikke har levet op til koncernens krav til bl.a. vækst- potentiale og synergimuligheder, er blevet afhændet.</td><td>Ambitions in the Fleggaard Group have always been high and characterised by growth through long-term development - both organically and through acquisitions. In light of its vision to be "Best in Class", the Group works determinedly to live up to the simple principle – to play on its strengths, whereas activities, that historically do not live up to the Group's requirements i.a. for growth and synergy potential, have been disposed of.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Koncernens opbygning</td><td>Group structure</td></tr><tr><td>Organisatorisk er Fleggaard koncernen bygget op således, at alle overordnede koncernfunktioner som eksempelvis forretnings- udvikling, HR, IT, regnskab og jura varetages af moderselskabet Fleggaard Holding, mens de mere driftsorienterede funktioner varetages decentralt i de enkelte selskaber. Koncernens omdrej- ningspunkt er ambitionen om at være ”Bedst til medarbejdere”, ”Bedst til kunder” og ”Bedst til forretning”, kort sagt ”Best in Class”. Denne vision favner alle koncernens virksomheder og er fundamentet for koncernens fortsatte udvikling og vækst.</td><td>Based on the Group's organisation, the Parent Company, Fleggaard Holding, handles all general group functions such as business development, HR, IT, accounting and law, whereas functions related to the day-to-day operations are handled by the individual entities. The Group's ambition is to be "Best employer", "Customers' store of choice" and "Top performing business", in short "Best in Class". This vision embraces all group entities and is the foundation for the Group's continued development and growth.</td></tr><tr><td>Et tilbageblik på 2023/24</td><td>Looking back at 2023/24</td></tr><tr><td>Selvom regnskabsåret 2023/24 overordnet set var et godt år, påvirkede svære markedsvilkår flere af koncernens selskaber. Lavvækst og recession på flere vigtige europæiske markeder, heriblandt det tyske, havde fx negativ indvirkning på nogle af koncernens grossistselskaber. Selvom inflationen stabiliserede sig og energipriserne vendte tilbage til mere normale tilstande, var forbrugertilliden fortsat lav i mange lande, hvilket medførte lavere efterspørgsel i nogle af koncernens selskaber. Derudover havde det høje globale renteniveau samt generelt stigende kapacitetsomkostninger væsentlig betydning for koncernens samlede omkostningsbase.</td><td>Although the 2023/24 financial year generally was a good year, difficult market conditions affected several of the group companies. Low growth and recession on several important European markets, including the German market, had e.g. an adverse effect on the Group’s wholesale companies. Although inflation stabilised and energy prices returned to more normal level, consumer confidence remained low in many countries, leading to lower demand in some of the Group's companies. In addition, the high global level of interest and generally rising capacity costs had a significant impact on the Group's total cost base.</td></tr><tr><td>I detailsegmentet, der primært betjener skandinaviske forbru- gere, var udviklingen stabil og navnlig sidst på regnskabsåret blev aktivitetsniveauet løftet som følge af en ny salgs- og prisstrategi med tilhørende markedsføringskampagne.</td><td>In the retail segment, which primarily serves Scandinavian consumers, the development was stable and especially at the end of the financial year, the level of activity was lifted as a result of a new sales and pricing strategy with associated marketing campaign.</td></tr><tr><td>Koncernens grossistselskaber, der opererer på en række for- skellige markeder, realiserede varierende resultater. ASWO, der i en årrække har præsteret på et meget højt niveau, formåede i regnskabsåret 2023/24 at fastholde momentum. Det høje aktivitetsniveau resulterede i ASWO’s hidtil bedste regnskabsår og selskabet fastholdt dermed sin stærke markedsposition.</td><td>The Group's wholesale companies, which operate in different markets, reported varying results. ASWO, which performed at a very high level for a number of years, managed to maintain momentum in the financial year 2023/24. The high activity level resulted in ASWO’s best financial year so far, and the company thus maintained its strong market position.</td></tr><tr><td>Famobra og Calgros havde ligeledes et godt regnskabsår og fortsatte de gode takter, der har præget selskabernes ud- vikling de seneste år. Selskaberne leverede tilsammen det bedste årsresultat nogensinde med udvidet aktivitet indenfor de fleste varegrupper. Omvendt var både Dangaard Group og Click Entertainment præget af en vigende efterspørgsel, høje renteudgifter og et omskifteligt valuta-marked, hvilket skabte udfordrende vilkår.</td><td>Famobra and Calgros also had a good financial year and continued the good pace that has characterized the companies' development in recent years. Together, the companies delivered the best annual results ever with expanded activities within most product lines. On the other hand, both the Dangaard Group and Click Entertainment were characterized by declining demand, high interest expenses and a volatile foreign exchange market, which created challenging conditions.</td></tr><tr><td>Koncernens billeasingaktiviteter formåede til gengæld at fast- holde et højt aktivitetsniveau i et stærkt konkurrencepræget marked. Selvom det forholdsvist høje renteniveau medførte en tilbagegang i flex-leasing-porteføljen, blev dette delvist kompenseret af tilsvarende fremgang i antallet af fleetkunder samt et højt prisniveau på brugtbilsmarkedet. Samlet set betød det et historisk godt resultat for Fleggaard Leasing gruppen.</td><td>The Group's car leasing activities, however, succeeded in maintaining a high activity level in a very competitive market. Although the relatively high interest level caused a decrease in the flex leasing portfolio, this was partly compensated by a corresponding increase in the number of fleet customers as well as a high price level on the used car market. Overall, this meant that the Fleggaard Leasing Group reported historically good results.</td></tr><tr><td>På omsætningssiden realiserede koncernens virksomheder en samlet omsætning på 7,1 mia. kr. i 2023/24, svarende til en mindre fremgang på 1% i forhold til det foregående regnskabsår. Omsætningsstigningen var primært drevet af en højere omsæt- ning i ASWO, Famobra Group, Fleggaard og Fleggaard Leasing.</td><td>In terms of revenue, the Group's entities realised total revenue of DKK 7.1 billion in 2023/24, corresponding to a minor increase of 1% relative to the previous financial year. The increase in revenue was primarily driven by higher revenue in ASWO, Famobra Group, Fleggaard and Fleggaard Leasing.</td></tr><tr><td>På primær drift realiserede koncernens virksomheder tilsammen 407 mio. kr. i forhold til 390 mio. kr. sidste regnskabsår. Det samlede koncernresultat før skat for 2023/24 kan opgøres til 338 mio. kr. mod 338 mio. kr. i 2022/23. Det er på niveau med de foregående års ordinære resultater, hvilket ledelsen overordnet set finder tilfredsstillende.</td><td>Overall, the group entities realised an operating profit of DKK 407 million compared with DKK 390 million last year. Total group profit before tax for 2023/24 is calculated at DKK 338 million compared to DKK 338 million in 2022/23. This is on a par with profits from ordinary activities in recent years, which Management generally considers satisfactory.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Virksomhederne i Fleggaard koncernen</td><td>Entities in the Fleggaard Group</td></tr><tr><td>Fleggaard Holding A/S</td><td>Fleegaard Holding A/S</td></tr><tr><td>Fleggaard Holding A/S er moderselskab for koncernens virksomheder. Fleggaard Holdings primære rolle er at understøtte kon- cernens virksomheder inden for forretningsudvikling, CSR, HR, public affairs, kommunikation, risk, jura, inkasso, IT, controlling, regnskab, M&amp;A, finans, forsikringer og ejendomsadministration samt sikre, at synergier på tværs af koncernens selskaber udnyttes i videst muligt omfang.</td><td>Fleggaard Holding A/S is the Parent Company of the group entities. Fleggaard Holding's primary role is to support the group entities within business development, CSR, HR, public affairs, communication, risk, legal matters, debt collection, IT, controlling, accounts, M&amp;A, finance, insurance and property administration and to ensure that synergies between group entities are taken advantage of to the widest extent possible.</td></tr><tr><td>Det er et centralt element i Fleggaard koncernens strategi at udvikle nye forretningsområder, hvilket både kan ske i form af forretningsudviklingsprojekter i bestående virksomheder, opstart af nye aktiviteter eller opkøb af virksomheder. I afdelingen for forretningsudvikling screenes og analyseres løbende potentielle nye investeringer, projekter og opkøb. Projekterne vurderes i forhold til en række forskellige kriterier, herunder bl.a. indtjenings- og vækstmuligheder samt potentielle synergier til koncer- nens bestående aktiviteter.</td><td>One of the central elements in Fleggaard Group's strategy is to develop new business areas through business development projects in existing businesses, to start up new activities or acquire other businesses. The business development department continuously screens and analyses potential new investments, projects and acquisitions. The projects are assessed in relation to a number of different criteria, for example, earnings and growth potential and possible synergies with the Group's existing activities.</td></tr><tr><td>Fleggaard Holding A/S har hovedkontor i Kollund ved Kruså.</td><td>Fleggaard Holding A/S' head office is in Kollund, close to Kruså.</td></tr><tr><td>Hovedkontoret i Kollund beskæftiger 24 medarbejdere samt 11 medarbejdere i koncernens IT-afdeling i Padborg.</td><td>The head office in Kollund has 24 employees, and the Group's IT department in Padborg has 11 employees.</td></tr><tr><td>Fleggaard Holding A/S er ejet af Aktieselskabet Fladkær.</td><td>Fleggaard Holding A/S is owned by Aktieselskabet Fladkær.</td></tr><tr><td>www.fleggaard-holding.dk</td><td>www.fleggaard-holding.dk</td></tr><tr><td>Et kort tilbageblik på 2023/24</td><td>Looking back at 2023/24</td></tr><tr><td>Regnskabsåret 2023/24 afspejler et år i koncernens moderselskab med en målrettet indsats på flere fronter. På HR siden var der stor fokus på medarbejderudvikling og investering i kompetenceopbygning for medarbejdere i hele koncernen. De løbende fysiske kurser blev suppleret med en ny online-læringsplatform, som gør det muligt at nå ud til samtlige medarbejdere med målrettet trænings- og uddannelsesmateriale.</td><td>The financial year 2023/24 reflects a year in the Group’s parent company with targeted efforts within several areas. Within HR, employee development and investments in competence development for the employees in the entire Group were emphasised. The ongoing physical courses were supplemented with a new on-line learning platform, which makes it possible to reach all employees with targeted training and education material.</td></tr><tr><td>I forretningsudviklingsafdelingen blev der gennemført strategiforløb med flere af koncernens selskaber, ligesom koncernstrategien blev justeret for at tilpasse koncernens selskaber til markedsvilkårene. I CSR-afdelingen blev der arbejdet videre med implementering af koncernens CSR-strategi, herunder generel øget fokus på optimering og bæredygtighed gennem CSR- og ESG-initiativer.</td><td>In the business development department, strategy processes were carried out with several of the Group's entities, and the group strategy was adjusted to adapt the Group's entities to the market conditions. In the CSR department, the implementation of the Group’s CSR strategy continued, including a generally increased focus on optimisation and sustainability through CSR and ESG initiatives.</td></tr><tr><td>Endelig var moderselskabets afdelinger involveret i en række opgaver i forbindelse med lukningen af hotel og restaurant Fakkelgaarden i november 2024. Både lukningen og det efterfølgende frasalg af selskabet pr. 1. maj 2024 medførte en række delprojekter i relation til bl.a. HR, jura, kommunikation og regnskab.</td><td>Finally, the parent company’s departments were involved in a number of tasks in connection with the closing of hotel and restaurant Fakkelgaarden in November 2024. Both the closing and the subsequent disposal of the company on 1 May 2024 implied several sub-projects in relation to i.a. HR, legal matters, communication and accounting.</td></tr><tr><td>Fleggaard og Calle</td><td>Fleggaard and Calle</td></tr><tr><td>Koncernen ejer de to grænsehandelskæder Fleggaard og Calle. Fleggaard er den største aktør ved den dansk/tyske grænse målt på omsætning, og består i dag af seks moderne grænsehandelsbutikker, fem syd for den faste landegrænse mellem Danmark og Tyskland og en i forbindelse med færgeoverfarten Rødby-Puttgarden. Calle er med sine syv butikker den største aktør målt på antal butikker og ligeledes en central aktør i grænsehandlen med butikker ved alle væsentlige grænseovergange. Fire ligger ved landegrænsen mellem Danmark og Tyskland, mens to ligger placeret i forbindelse med færgeoverfarten Rødby-Puttgarden og en ved færgelejet i Rostock.</td><td>The Group owns the two supermarket chains, Fleggaard and Calle, at the Danish-German border. Fleggaard is the largest supermarket chain at the Danish-German border measured by revenue and has six modern stores at the border, five south of the Danish-German border and one in connection with the Rødby-Puttgarden ferry terminal. Calle has seven stores and is the largest supermarket chain measured by the number of stores and is thus a central player in cross-border shopping at all important border crossings. Four are located at the Danish-German border, while the other two are located at the Rødby-Puttgarden ferry terminal and at the Rostock ferry landing.</td></tr><tr><td>Begge kæder har deres administrative hovedsæde i grænsebyen Harrislee tæt på Flensborg. Her er alle administrative funktioner placeret bl.a. ledelse, indkøb, salg, marketing og økonomi. Fleggaard/Calle råder over centrallagre i henholdsvis Flensborg og Heiligenhafen, der dagligt forsyner butikkerne med varer.</td><td>The head offices of the two chains are both located in Harrislee, close to the border at Flensborg. All administrative functions are placed here, i.e. management, purchase, sale, marketing and finance. Fleggaard/Calle have central warehouses in respectively Flensborg and Heiligenhafen, which supply the shops with goods on a daily basis.</td></tr><tr><td>Sortimentet tæller mere end 4.500 aktive varenumre og spænder vidt, lige fra det traditionelle grænsesortiment som øl, vin, spiritus, vand og slik til kolonialvarer og nonfood produkter. Det er et bevidst strategisk valg, at en stor del af sortimentet består af danske mærkevarer. Kæderne har knap 400 vareleverandører, hvoraf størstedelen er danske leverandører.</td><td>The product range counts more than 4,500 active product codes and provides a wide range: from the traditional border range such as beer, wine, spirits, soft drinks and candy to grocery and non-food products. It is a conscious strategic approach that a large part of the range is made up of Danish brands. The chain has approx. 400 suppliers of which the main part are Danish.</td></tr><tr><td>Fleggaard/Calle har hovedkontor i Harrislee i Tyskland.</td><td>Fleggaard's/Calle’s head offices are in Harrislee in Germany.</td></tr><tr><td>Fleggaard/Calle beskæftiger ca. 1.230 medarbejdere.</td><td>Fleggaard/Calle have approx. 1,230 employees.</td></tr><tr><td>Fleggaard/Calle er ejet af Fleggaard Holding A/S.</td><td>Fleggaard/Calle are owned by Fleggaard Holding A/S.</td></tr><tr><td>www.fleggaard.dk og www.calle.dk</td><td>www.fleggaard.dk and www.calle.dk</td></tr><tr><td>Et kort tilbageblik på 2023/24</td><td>Looking back at 2023/24</td></tr><tr><td>Hovedoverskriften for regnskabsåret 2023/24 i Fleggaard/Calle var implementering af en ny salgs- og prisstrategi. Ét af initiativerne i strategien var en omfattede prisjustering, hvor 4.000 varer blev sat ned i pris på tværs af kæderne. Dette blev markedsført massivt, skabte stor mediebevågenhed og ekstra travlhed i butikkerne. Marketingkampagnerne blev suppleret med en række events i butikkerne i forbindelse med sommerens store sportsevents, bl.a. EM i Tyskland.</td><td>The main heading for the financial year 2023/24 in Fleggaard/Calle was the implementation of a new sales and price strategy. One of the initiatives was a comprehensive price adjustment involving the price reduction of 4,000 items across the chains. This was marketed massively, created great media attention and extra busyness in the stores. The marketing campaigns were supplemented with a number of events in the stores in connection with the summer's major sporting events, including the European Championships in Germany.</td></tr><tr><td>Et andet af initiativerne omfattede en videreudvikling af kædernes Click &amp; Collect koncept, der siden maj 2023 har baseret sig på et lagerautomationssystem på centrallageret. Dette indebar bl.a. udvikling af en helt ny web-platform til både Fleggaard og Calle, der i samspil med Click &amp; Collect konceptet, har til formål at forbedre kunderejsen samt øge trafikken. Således blev det bl.a. muligt at tilbyde kunderne en kortere leveringstid på Click &amp; Collect ordrer.</td><td>The further development of the chains’ Click &amp; Collect concept was another initiative, which since May 2023 has been based on an inventory automation system at the central warehouse. This initiative entailed, among other things, the development of a completely new web platform for both Fleggaard and Calle, which, in interaction with the Click &amp; Collect concept, aims to improve the customer journey and increase traffic. Thereby, it is now, among other things, possible to offer the customers shorter delivery times for Click &amp; Collect orders.</td></tr><tr><td>Som en del af salgsstrategien blev butiksstrukturen ligeledes tilpasset i løbet af regnskabsåret. Dette skete med henblik på at kunne tilgodese kundernes præferencer som i højere grad går mod større butikker.</td><td>As part of the sales strategy, the structure of the stores was adjusted during the financial year. This was done in order to be able to accommodate customers' preferences, which to a greater extent are moving towards larger stores.</td></tr><tr><td>Fleggaard /Calle har aflagt et tilfredsstillende resultat for regnskabsåret 2023/24.</td><td>Fleggaard/Calle reported satisfactory results of operation for the financial year 2023/24.</td></tr><tr><td>Dangaard Group</td><td>Dangaard Group</td></tr><tr><td>Siden 1986 har Dangaard Group været specialiseret i at source og distribuere et bredt sortiment af non-food- og livsstilspro- dukter og er i dag en af Nordens største, uafhængige grossistvirksomheder. Dangaard samarbejder med retailere og webshops i hele Europa og forsyner detailhandlen med mærkevareprodukter inden for bl.a. tekstil, personlig pleje, livsstil, små-el, gaming, værktøj, mobil, foto samt hårde hvidevarer og radio/tv. Dangaard har ligeledes indgået en række distributionsaftaler med mærkevareproducenter.</td><td>Since 1986, the Dangaard Group has specialised in sourcing and distributing a wide range of non-food and lifestyle products, and today, the Group is one of the Nordic countries' largest independent wholesalers. Dangaard cooperates with retailers and web shops throughout Europe and supplies retailers with brand products within textiles, personal care, lifestyle products, small electric appliances, gaming, tools, mobile phones, photography, and radio/TV. Dangaard has also signed a number of distribution agreements with leading brand manufacturers.</td></tr><tr><td>Dangaard Group er kendetegnet ved at være en dynamisk og omstillingsparat virksomhed, med hurtig reaktionstid, der forstår at identificere nye markedstendenser og tilpasse sig markedet og kundernes behov.</td><td>The Dangaard Group is characterised by being a dynamic, adaptable business with a fast response time, which understands to identify new market trends and adjust to market and customer needs.</td></tr><tr><td>Dangaard har hovedkontor i Padborg, lager i Flensborg og kontor i Warszawa, Polen samt i Vilnius, Litauen.</td><td>Dangaard is domiciled in Padborg, has a warehouse in Flensborg and offices in Warsaw, Poland and in Vilnius, Lithuania.</td></tr><tr><td>Dangaard Group beskæftiger ca. 100 medarbejdere.</td><td>The Dangaard Group has approx. 100 employees.</td></tr><tr><td>Dangaard Group er ejet af Fleggaard Holding A/S.</td><td>The Dangaard Group is owned by Fleggaard Holding A/S.</td></tr><tr><td>www.dangaard.com</td><td>www.dangaard.com</td></tr><tr><td>Et kort tilbageblik på 2023/24</td><td>Looking back at 2023/24</td></tr><tr><td>Dangaard realiserede i regnskabsåret 2023/24 en stigning i indtjeningen i forhold til 2022/23. Flere store kampagner blandt Dangaards internationale kunder medførte en stigning i resultatet i forhold til sidste år. En række af Dangaards primære markeder var dog fortsat udfordret af en lav forbrugertillid blandt slutforbrugerne, hvilket skabte tøven i markedet. Dette var særligt udpræget i det sydlige Europa, men også på det tyske marked var forbrugerne tilbageholdende med køb af fx elektronik og luksusvarer. Derudover påvirkede et højt renteniveau og stigende driftsomkostninger Dangaards resultat negativt.</td><td>Dangaard realised an increase in earnings in the financial year 2023/24 compared with the 2022/23 financial year. Several large campaigns among Dangaard’s international customers implied an increase in the result for the year compared to last year. A number of Dangaard’s primary markets were, however, still challenged by low consumer confidence among the end users, which caused a reluctant market. This was in particular the case in southern Europe, but also the German market saw that consumers were reluctant to buy e.g. electronics and luxury goods. In addition, the high level of interest and increasing operating costs had a negative impact on Dangaard’s profit for the year.</td></tr><tr><td>I januar 2024 flyttede Dangaard Group til en nyopført og større lagerlokation med optimal beliggenhed i forhold til logistikken, der fremtidssikrer lagerfaciliteterne i en årrække. I løbet af regnskabsåret blev der yderligere investeret i et nyt 3PL-lager i Sverige for at styrke logistikken og servicering af udvalgte skandinaviske kunder.</td><td>In January 2024, the Dangaard Group moved into a newly erected and larger warehouse optimally located considering logistics, which makes the warehouse facilities future-proof for several years. During the financial year, further investments were made in a new 3PL warehouse in Sweden to strengthen logistics and the servicing of selected customers.</td></tr><tr><td>Dangaard Group har aflagt et acceptabelt resultat for regnskabsåret 2023/24.</td><td>The Dangaard Group reported acceptable results of operation for the financial year 2023/24.</td></tr><tr><td>Click Entertainment</td><td>Click Entertainment</td></tr><tr><td>Siden 2016 har Click Entertainment med hovedsæde i London, været en del af Fleggaard koncernen. Click Entertainment er en af Englands største grossistvirksomheder inden for gaming produkter som hardware (spillekonsoller), software (spil) og tilbehør fra alle toneangivende brands. Click Entertainment samarbejder med tradere, retailere og webs-hops i store dele af verden.</td><td>Click Entertainment, which is headquartered in London, has been part of the Fleggaard Group since 2016. Click Entertainment is one of the UK's largest wholesale businesses within gaming products such as hardware (game consoles), software (games) and game accessories from all leading brands. Click Entertainment cooperates with traders, retailers and web shops in most of the world.</td></tr><tr><td>Click Entertainments force er agilitet og evnen til at tilpasse sig nye markedstendenser og internationale markeder.</td><td>Click Entertainment's strength is agility and the ability to adapt to new market trends and international markets.</td></tr><tr><td>Click Entertainment har hovedkontor og lager i engelske Croydon (London), samt datterselskab og lager i Miami, USA såvel som selskab i Danmark med lager i Tyskland.</td><td>Click Entertainment's head office and warehouse are in the English Croydon (London), and the entity has a subsidiary and a warehouse in Miami, USA as well as a company in Denmark with a warehouse in Germany.</td></tr><tr><td>Click Entertainment beskæftiger ca. 50 medarbejdere.</td><td>Click Entertainment has approx. 50 employees.</td></tr><tr><td>Click Entertainment er ejet af Fleggaard Holding A/S.</td><td>Click Entertainment is owned by Fleggaard Holding A/S.</td></tr><tr><td>www.click-entertainment.com</td><td>www.click-entertainment.com</td></tr><tr><td>Et kort tilbageblik på 2023/24</td><td>Looking back at 2023/24</td></tr><tr><td>I Click Entertainment var regnskabsåret 2023/24 præget af en generel tilbageholdenhed på markederne, og et vigende salg i flere produktkategorier, herunder spilkonsoller. Udviklingen var gennemgående for hele branchen, og den faldende efterspørgsel medførte lavere priser. Derudover var Click Entertainment påvirket af et højt renteniveau og den volatile valutakurs på USD og GBP. Den svingende kursudvikling påvirkede købekraften negativt på flere af de internationale markeder.</td><td>In Click Entertainment, the financial year 2023/24 was characterised by a general market reluctance and decreasing sales within several product categories, including game consoles. A development which characterises the entire industry and the decreasing demand has led to lower prices. In addition, Click Entertainment was affected by a high level of interest and volatile exchange rates of USD and GBP. The fluctuating exchange rate developments had a negative impact on purchasing power in several of the international markets.</td></tr><tr><td>For at imødegå det vigende salg blev der iværksat flere initiativer. For det første blev der investeret i intensiv salgsuddannelse og en generel opskalering af medarbejderstabens kompetencer for at optimere salget. Dette skal styrke fundamentet og konkurrenceevnen fremadrettet.</td><td>In order to address the decreasing sales, several initiatives were taken. First of all, investments were made in intensive sales training and a general upscaling of the skills of the employees to optimise sales. This will strengthen the foundation and competitiveness going forward.</td></tr><tr><td>Derudover blev der arbejdet med lageroptimering, herunder at nedbringe lagerværdien og optimere lagerstyringen for at matche de aktuelle markedsvilkår. Endelig blev forberedelserne til etablering af et eget lager i EU (Tyskland) igangsat. Det nye EU-lager skal lette forsyningskæden og sikre fleksibilitet for kunderne indenfor EU, og forventes således at styrke Click Entertainments konkurrenceevne på det europæiske marked.</td><td>In addition, inventory optimisation of the warehouse was on the agenda, including reducing the inventory value and optimizing inventory control to match current market conditions. Finally, preparations for the establishment of a separate warehouse in the EU (Germany) were initiated. The new EU warehouse will facilitate the supply chain and ensure flexibility for customers within the EU, and is thus expected to strengthen Click Entertainment's competitiveness in the European market.</td></tr><tr><td>Click Entertainments resultat for regnskabsåret 2023/24 har ikke levet op til forventningerne.</td><td>Click Entertainment’s profit for the financial year 2023/24 did not live up to expectations.</td></tr><tr><td>ASWO</td><td>ASWO</td></tr><tr><td>ASWO er en international grossistvirksomhed, der har specialiseret sig i salg af reservedele og tilbehør til professionelle re- paratører, webshops og detailkæder. Sortimentet tæller mere end 19 millioner forskellige varenumre inden for reservedele og tilbehør til hvidevarer, husholdningsapparater, forbrugerelektronik, IT, mobil samt alarm og overvågning. ASWO konceptet dækker hele Europa via forskellige franchisetagere, hvor Fleggaard koncernen har franchiserettighederne til hele Norden dvs. Danmark, Norge, Sverige og Finland samt Færøerne, Island og Grønland (i daglig tale kaldet ASWO Nordic).</td><td>ASWO is an international wholesaler, which is specialised in the sale of spare parts and accessories for professional service mechanics, web shops and retail chains. The product range counts more than 19 million different items within spare parts and accessories for white goods, household appliances, consumer electronics, IT, mobile phones as well as alarms and surveillance. The ASWO concept covers all of Europe through various franchises, where the Fleggaard Group has the franchise rights to the entire Nordic region, i.e. Denmark, Norway, Sweden and Finland as well as the Faroe Islands, Iceland and Greenland (called ASWO Nordic).</td></tr><tr><td>ASWO Nordic har hovedsæde i Padborg, hvor ledelsen samt de administrative funktioner inden for salg, marketing og kunde- service er samlet. Derudover har ASWO lokale salgskontorer i Sverige og Finland.</td><td>ASWO Nordic's head office is in Padborg, where the administrative functions such as sales, marketing and customer service are located. ASWO also has local sales offices in Sweden and Finland.</td></tr><tr><td>ASWO Nordic har indgået distributionsaftaler med flere mærkevareproducenter, hvor ASWO Nordic er distributør af reservedele inden for garantiperioden til f.eks. Gorenje, Blomberg, Grundig og BEKO.</td><td>ASWO Nordic has signed distribution agreements with several brand manufacturers, where ASWO Nordic is distributor of spare parts within the warranty period, e.g. to Gorenje, Blomberg, Grundig and BEKO.</td></tr><tr><td>Kunderne i ASWO tæller både reparatør- og montørvirksomheder, landsdækkende elektronik varehuskæder samt webshops. Salget sker primært via ASWO’s B2B onlineplatform.</td><td>The customers of ASWO are repair and technician businesses, nationwide electronic department store chains and web shops. The B2B on-line platform is ASWO's primary sales channel.</td></tr><tr><td>ASWO Nordic har hovedkontor i Padborg.</td><td>ASWO Denmark's head office is in Padborg.</td></tr><tr><td>ASWO Nordic beskæftiger i alt 16 medarbejdere.</td><td>ASWO Nordic has 16 employees.</td></tr><tr><td>ASWO Danmark, der er det juriske selskab bag ASWO Nordic, har datterselskaber i Norge, Sverige og Finland. ASWO Danmark er ejet af Fleggaard Holding A/S.</td><td>ASWO Danmark, which is the legal company of ASWO Nordic, has subsidiaries in Norway, Sweden and Finland. ASWO Denmark is owned by Fleggaard Holding A/S.</td></tr><tr><td>www.aswo.dk</td><td>www.aswo.dk</td></tr><tr><td>Et kort tilbageblik på 2023/24</td><td>Looking back at 2023/24</td></tr><tr><td>ASWO leverede et rigtig flot regnskab for 2023/24 på stort set alle parametre. Det gennemgående høje aktivitetsniveau kunne af- læses på både top- og bundlinjen, og på trods af stigende omkostninger til varehåndtering og logistik blev driftsresultatet det hidtil bedste i ASWO’s historie.</td><td>ASWO delivered very satisfactory financial statements for 2023/24 on virtually all parameters. The consistently high level of activity was reflected in both top and bottom line, and despite rising costs for goods handling and logistics, the operating profit was the best ever in ASWO’s history.</td></tr><tr><td>Resultatet var positivt påvirket af en vedvarende efterspørgsel på reservedele, hvilket vidner om en forbrugeradfærd, hvor kunder vælger reparation fremfor at anskaffe nyt – særligt inden for hårde hvidevarer. Denne tendens skyldes dels en stigende prisbevidsthed, dels en voksende miljøbevidsthed blandt forbrugerne, der i højere grad prioriterer bæredygtige valg. Særligt det svenske marked viste positive tendenser i 2023/24, og bidrog positivt til ASWO’s samlede resultat.</td><td>The results of operation were positively impacted by a sustained demand for spare parts, which testifies to a consumer behaviour where customers choose repairs rather than buying new goods – especially within white goods. This tendency is partially attributable to increasing price-consciousness, partially to increasing environmental awareness among consumers, who tend to prioritise sustainable choices. In particular the Swedish market showed positive trends in 2023/24 and contributed positively to ASWO’s aggregated results.</td></tr><tr><td>I regnskabsåret valgte ASWO at blive sponsor på teknikeruddannelsen i Danmark, der ellers var blevet nedlagt. Med dette sponsorat er ASWO med til at sikre, at flere fagfolk får de nødvendige færdigheder til at tilbyde kvalitetsreparationer i fremtiden, og bidrager dermed til en mere bæredygtig fremtid.</td><td>In the financial year, ASWO decided to become a sponsor of the engineering education in Denmark, which had otherwise been discontinued. With this sponsorship, ASWO is helping to ensure that more professionals gain the necessary skills to offer quality repairs in the future, thus contributing to a more sustainable future.</td></tr><tr><td>ASWO har samlet set aflagt et meget tilfredsstillende regnskab for 2023/24.</td><td>Overall, ASWO reported very satisfactory financial statements for 2023/24.</td></tr><tr><td>Famobra Group</td><td>Famobra Group</td></tr><tr><td>Famobra Group består af Famobra og Calgros og er specialiseret i FMCG-handel med drikkevarer, konfekture, vin og spiritus med hovedvægt på europæiske mærkevareprodukter. Hvor Famobra er globalt orienteret, har Calgros det danske og tyske detailmarked som omdrejningspunkt.</td><td>The Famobra Group includes Famobra and Calgros and is specialised in FMCG transactions in beverages, confectionery, wine and spirits primarily of European branded goods. Famobra has a global approach and Calgros concentrates on the Danish and German retail markets.</td></tr><tr><td>Famobra Groups aktiviteter koordineres fra hovedsædet i Harrislee og lageret i Flensborg. Gennem partnerskaber med mærkevareproducenter har Famobra Group adgang til tusindvis af europæiske mærkevarer, der er efterspurgt i hele verden.</td><td>The Famobra Group's activities are coordinated by the head office in Harrislee and through the warehouse in Flensburg. Partnerships with brand manufacturers give the Famobra Group access to thousands of European brands that are in demand all over the world.</td></tr><tr><td>Den konkurrencemæssige styrke for Famobra Group er, foruden det stærke finansielle fundament, at gøre mærkevarer tilgæn- gelig for kunder på det globale marked. Selskaberne koordinerer dagligt alt omkring fødevaretransporter i nærområdet og i hele verden lige fra booking af transporter til dokumenthåndtering fra a til z samt juridiske forhold omkring varerne. Derved gør Famobra Group det nemt for producenter at få deres varer distribueret samtidig med at kunderne får tilgang til nye spændende mærkevarer.</td><td>In addition to their strong financial basis, the competitive strengths of the Famobra Group are to make available branded goods to customers globally. On a daily basis, the companies coordinate every step of food product transportation, locally and worldwide, from booking of transport to document handling from A to Z as well as legal matters in respect of the goods. Thereby, the Famobra Group makes it easy for the manufacturers to have their goods distributed and at the same time, the customers have access to new exiting branded goods.</td></tr><tr><td>Famobra Group har hovedkontor i Harrislee i Tyskland. Datterselskabet Famobra Pte. Ltd. er lokaliseret i Singapore.</td><td>The Famobra Group’s head office is in Harrislee in Germany. The subsidiary Famobra Pte. Ltd. is located in Singapore.</td></tr><tr><td>Famobra Group beskæftiger ca. 65 medarbejdere.</td><td>The Famobra Group has approx. 65 employees.</td></tr><tr><td>Famobra Group er ejet af Fleggaard Holding A/S.</td><td>The Famobra Group is owned by Fleggaard Holding A/S.</td></tr><tr><td>www.famobra.com og www.calgros.de</td><td>www.famobra.com and www.calgros.de</td></tr><tr><td>Et kort tilbageblik på 2023/24</td><td>Looking back at 2023/24</td></tr><tr><td>Regnskabsåret 2023/24 var et år med vækst og positive resultater for Famobra Group. Begge selskaber oplevede en stor efterspørgsel på næsten samtlige varekategorier og formåede at sikre en stabil levering af efterspurgte mærkevarer.</td><td>The 2023/24 financial year was a year of growth and positive results for Famobra Group. Both companies experienced a high demand for almost all product categories and managed to ensure a stable supply of branded products in demand.</td></tr><tr><td>En væsentlig faktor bag årets succes var implementeringen af nye strategier, der bl.a. fokuserede på vækst, effektivisering, strategiske partnerskaber og stærke leverandøraftaler. For at understøtte strategien blev medarbejderstaben styrket, og Famobra kunne således byde velkommen til en række nye medarbejdere i årets løb. Bl.a. blev salgsteamet udvidet med specialiserede medarbejdere med et dybt kendskab til de internationale kunder og back-office-funktionerne blev styrket med henblik på at effektivisere og digitalisere processerne.</td><td>A significant contributor to the successful year was the implementation of new strategies, which among others, focused on growth, streamlining, strategic partnerships and strong supplier agreements. To support the strategy, the workforce was strengthened and Famobra could thus welcome a number of new employees during the year. Among other things, the sales team was broadened by specialised employees who possess thorough knowledge of the international customers, and the back-office functions were strengthened for purposes of streamlining and digitalising the processes.</td></tr><tr><td>Det høje aktivitetsniveau førte til fremgang på stort set alle segmenter og resulterede i Famobra Groups hidtil bedste resultat.</td><td>Due to the high level of activity, progress was noted in virtually all segments and therefore Famobra Group thus reported the best results of operation to date.</td></tr><tr><td>Samlet set har Famobra Group aflagt et meget tilfredsstillende regnskab for 2023/24.</td><td>All in all, Famobra Group reported very satisfactory financial statements for 2023/24.</td></tr><tr><td>Fleggaard Leasing</td><td>Fleggard Leasing</td></tr><tr><td>Fleggaard Leasing er et af de mest kendte og velrenommerede danske leasingselskaber med privat- og erhvervskunder i hele landet. Fleggaard Leasing har en bred produktpalet bestående af firmabiler, flexleasingbiler og varevogne og er kendetegnet ved at kunne tilbyde både finansiering, rådgivning, administration og økonomisk overblik ét og samme sted.</td><td>Today, Fleggaard Leasing is one of the most well-known and reputable Danish leasing companies with private and corporate customers all over the country. Fleggaard Leasing has a broad product range comprising company cars, flex leasing cars and vans and is able to provide one-stop financing, advisory services, administration and financial overview.</td></tr><tr><td>Fra hovedkontoret i Padborg administrerer Fleggaard Leasing flådekunderne, der udgør godt halvdelen af Fleggaard Leasings ca. 12.500 leasingbiler. Det er erhvervskunder, der sætter pris på at have fuldt overblik over biløkonomien bl.a. via et fleet management system med et online rapporteringsværktøj.</td><td>From the head office in Padborg, Fleggaard Leasing administers its fleet customers, who account for more than half of Fleggaard Leasing's approx. 12,500 leased cars. These are corporate customers who appreciate having a full overview of their car fleet finances through a fleet management system with an on-line reporting tool.</td></tr><tr><td>Derudover er Fleggaard Leasing en af Danmarks største leasinggivere inden for Flexleasing af premium biler både til privat og erhverv. Formidlingen af disse biler sker både via Fleggaard Leasing og gennem datterselskabet Forza Leasing.</td><td>In addition, Fleggaard Leasing is one of Denmark's largest lessors within flex leasing of premium cars for private as well as corporate customers. The car leasing services are provided through Fleggaard Leasing as well as through its two subsidiaries, FOCUS flex leasing and Forza Leasing.</td></tr><tr><td>Fleggaard Leasing har hovedkontor i Padborg og afdeling i Hørsholm. Forza Leasing har ligeledes kontor i Hørsholm.</td><td>Fleggaard Leasing has it's head office in Padborg, and an office in Hørsholm. Forza Leasing is also located in Hørsholm.</td></tr><tr><td>Fleggaard Leasing og Forza Leasing beskæftiger tilsammen ca. 125 medarbejdere.</td><td>Together, Fleggaard Leasing and Forza Leasing employ approx. 125 employees.</td></tr><tr><td>Fleggaard Leasing og Forza Leasing er ejet af Fleggaard Holding A/S.</td><td>Fleggaard Leasing and Forza Leasing are owned by Fleggaard Holding A/S.</td></tr><tr><td>www.fleggaard-leasing.dk og www.forzaleasing.dk</td><td>www.fleggaard-leasing.dk and www.forzaleasing.dk</td></tr><tr><td>Et kort tilbageblik på 2023/24</td><td>Looking back at 2023/24</td></tr><tr><td>Resultatet i regnskabsåret 2023/24 var det bedste nogensinde i Fleggaard Leasing gruppens historie. Året bød på solide økonomiske præstationer og strategiske fremskridt på trods af et mindre fald i den samlede portefølje.</td><td>The results of operation in the financial statements for 2023/24 were the best ever in the history of the Fleggaard Leasing Group. The Group reported solid financial results and strategic progress in the year despite a minor decrease in the total portfolio.</td></tr><tr><td>Året var præget af et relativt højt renteniveau. Dette gjorde flexleasing dyrere for slutkunderne, hvilket medførte et fald i antallet af flexleasingkontrakter. Denne tilbagegang blev dog delvist opvejet af en stigning i antallet af leasingkontrakter inden for erhvervs- segmentet med flådekunder.</td><td>The year was characterised by a relatively high level of interest. This made flex leasing more expensive to the end customers, which implied a decrease in the number of flex leasing contracts. However, this decline was partly offset by an increase in the number of leasing contracts in the commercial segment with fleet customers.</td></tr><tr><td>I løbet af året blev der iværksat en ny Fleet-salgsstrategi bl.a. med fokus på at bringe Fleggaard Leasing tættere på kunderne. I for- længelse af strategien blev der gennemført en kundeundersøgelse for at evaluere strategien samt identificere behov og ønsker med henblik på at styrke kunderelationerne yderligere.</td><td>During the year, a new Fleet sales strategy was launched, which i.a. focused on bringing Fleggaard Leasing closer to the customers. In continuation of the strategy, a customer survey was conducted to evaluate the strategy and identify needs and requests with a view to further strengthening customer relations.</td></tr><tr><td>Derudover var der fortsat stor fokus på den grønne omstilling og på at sikre krav og muligheder på dette marked imødekommes. Elbiler udgør således en større og større andel af den samlede portefølje i Fleggaard Leasing. Endelig var Fleggaard Leasing begunstiget af et profitabelt brugtvognsmarked i regnskabsåret 2023/24 og formåede at holde indtjeningsniveauet på salg af returbiler.</td><td>In addition, there was still a strong focus on the green transition and on ensuring that the requirements and opportunities in this market are met. Electric cars thus make up an increasing share of the total portfolio in Fleggaard Leasing. Finally, Fleggaard Leasing benefited from a profitable used car market in the financial year 2023/24 and managed to maintain the level of earnings on sales of return cars.</td></tr><tr><td>I løbet af regnskabsåret blev et stort IT-projekt i Fleggaard Leasing igangsat med henblik på at implementere et nyt og førende ERP- og leasingsystem. Systemet skal effektivisere og digitalisere hele leasingprocessen, hvilket både vil forbedre kundeoplevelsen og styrke konkurrenceevnen.</td><td>During the financial year, a large IT project was launched in Fleggaard Leasing in order to implement a new and leading ERP and leasing system. The system will streamline and digitalise the entire leasing process which will improve customer experience and strengthen competitiveness.</td></tr><tr><td>Fleggaard Leasing har aflagt et meget tilfredsstillende regnskab for 2023/24.</td><td>Fleggaard Leasing presented very satisfactory financial statements for 2023/24</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Begivenheder efter regnskabsårets udløb</td><td>Events after the balance sheet date</td></tr><tr><td>Etablering af Click Entertainment A/S</td><td>Establishment of Click Entertainment A/S</td></tr><tr><td>I oktober 2024 etablerede Click Entertainment et dansk selskab, hvormed formålet er at drive lager for kunderne indenfor EU. Dette skal give Click Entertainment en vigtig logistisk fordel og styrke konkurrenceevnen på det europæiske marked.</td><td>In October 2024, Click Entertainment established a Danish company for purposes of running a ware-house for the custo- mers in the EU. This will give Click Entertainment an important logistical advantage and strengthen competitiveness within the European market.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Forventet udvikling</td><td>Outlook</td></tr><tr><td>Vi ser ind i regnskabsåret 2024/25 med forsigtig optimisme, selvom der fortsat forventes udfordrende markedssituationer på flere af Fleggaard koncernens primære markeder.</td><td>We look into the financial year 2024/25 with cautious optimism, even though challenging market situations are still expected in several of the Fleggaard Group's primary markets.</td></tr><tr><td>På den ene side forventes geopolitiske spændinger, politiske forskydninger samt lavvækst på centrale markeder i EU at give vanskelige markedsvilkår for dele af koncernens aktiviteter. Særligt forbrugertilliden er en ukendt variabel, der kan påvirke flere af koncernens forretningsområder negativt.</td><td>On the one hand, geopolitical tensions, political shifts and low growth in key markets in the EU are expected to result in difficult market conditions for parts of the Group's activities. Consumer confidence in particular is an unknown variable that can negatively affect several of the Group's business areas.</td></tr><tr><td>På den anden side forventes et faldende renteniveau at påvirke grossistvirksomhederne samt leasing-selskaberne positivt.</td><td>On the other hand, a decreasing level of interest is expected to have a positive impact on the whole-sale companies and leasing companies.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Samlet forventet udvikling</td><td>Overall expected development</td></tr><tr><td>Fleggaard koncernen går ind i det nye regnskabsår med en forventning om et let øget aktivitets- og indtjeningsniveau. Grundlæggende tilstræbes det at fastholde eller udbygge selskabernes markedsandele. Det forventes, at koncernens ordinære indtjening og resultatet i 2024/25 bliver bedre end i 2023/24, om end der er en vis usikkerhed forbundet med denne prognose grundet de førnævnte variabler.</td><td>The Fleggaard Group enters a new financial year expecting a slight increase in the level of activities and earnings. Generally, we will strive to maintain or expand the companies' market shares. According to expectations, the Group’s ordinary earnings and results of operation are expected to be up on 2023/24 although there is considerable uncertainty related to the this forecast due to the above-mentioned variables.</td></tr><tr><td>Det forventes at koncernomsætningen i 2024/25 ligger i intervallet 6,8–7,3 mia. kr. og med et årsresultat i intervallet 330–380 mio. kr.</td><td>For 2024/25, group revenue in the range of DKK 6.8–7.3 billion is expected, and profit for the year in the range of DKK 330–380 million.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Detailhandel</td><td>Retail</td></tr><tr><td>Aktivitetsniveauet forventes at stige i forhold til 2023/24, ikke mindst grundet den nye salgs- og prisstrategi med deraf følgende intensiv og målrettet markedsføring. Derudover for- ventes den opadgående tendens i Click &amp; Collect-aktiviteterne at fortsætte og bidrage positivt til udviklingen af Fleggaard og Calle. Nye varekategorier forventes ligeledes at bidrage til et øget salg.</td><td>The level of activity is expected to increase compared to 2023/24, not least due to the new sales and pricing strategy followed by intensive and targeted marketing. In addition, the upward trend in the Click &amp; Collect activities is expected to continue and contribute positively to the development of Fleggaard and Calle. New product categories are also expected to contribute to increased sales.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Grossisthandel</td><td>Wholesale</td></tr><tr><td>I koncernens grossistvirksomheder indenfor foodprodukter, Famobra, forventes et positivt år med en stabil udvikling. Det forventes, at Famobra fastholder niveauet for salg, både i Europa samt i APEC-regionen.</td><td>In the Group's wholesalers within food products, Famobra expects to report positive results of operations and a stable development. Famobra is expected to maintain the level of sales both in Europe and in the APEC region.</td></tr><tr><td>På nonfoodområdet forventes den lave forbrugertillid fortsat at give udfordrende markedssituationer, som sandsynligvis vil forårsage en vis tilbageholdenhed i markedet. Dog forventes der en svagt stigende efterspørgsel efter forbrugerelektronik i forhold til 2023/24. Der knytter sig en vis usikkerhed til de volatile valutakurser, særligt USD og GBP, som har stor betyd- ning for Click Entertainments salg. For ASWO forventes ingen væsentlige udsving på de primære markeder.</td><td>In the non-food area, low consumer confidence is expected still to lead to challenging market situations, which are likely to cause some market restraint. However, a slightly increasing demand for consumer electronics is expected compared to 2023/24. The volatile exchange rates are subject to some uncertainty, in particular USD and GBP, which are important currencies to Click Entertainment’s sale. For ASWO no significant fluctuations are expected on the primary markets.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Leasing</td><td>.Leasing</td></tr><tr><td>Renteniveauet forventes at have passeret toppunktet og prognosticeres at falde i løbet af regnskabsåret 2024/25. Fleet-markedet forventes at udvikle sig stabilt, mens flex-lea- singmarkedet først forventes at stabilisere sig ved større rentefald. Yderligere forventes det, at andelen af elbiler vil stige yderligere.</td><td>The level of interest is expected to have passed its peak and is forecast to decline during the financial year 2024/25. The fleet market is expected to develop steadily, while the flex leasing market is expected to stabilise only in the event of major interest rate declines. Furthermore, it is expected that the share of electric cars will increase further.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Finansielle risici</td><td>Financial risks</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Finansieringsrisici</td><td>Financing risk</td></tr><tr><td>Fleggaard koncernens budgetter for 2024/25 viser et fortsat højt aktivitetsniveau. Ledelsen har sikret de nødvendige kre- ditfaciliteter til de planlagte aktiviteter.</td><td>The Fleggaard Group's budget for 2024/25 shows a continuing high level of activity. Management has ensured that the credit facilities required are available to realise the planned activities.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Valutarisici</td><td>Currency risks</td></tr><tr><td>Koncernens aktiviteter medfører en række valutariske risici i forbindelse med køb og salg af varer i fremmed valuta. Koncer- nen har en valutapolitik, hvor kursrisici afdækkes i takt med, at de opstår. Ved indgåelse af forpligtende aftaler afdækkes valutakursrisikoen gennem valutaforretninger, primært spot- og terminsforretninger.</td><td>The Group's activities imply a number of currency risks relating to purchases and sales in foreign currencies. The Group has a currency policy according to which currency risks are hedged when they occur. The currency risk is hedged through currency transactions, primarily spot and forward exchange contracts.</td></tr><tr><td>Danmark har gennem mange år ført fastkurspolitik i forhold til Euro. Koncernen har derfor valgt ikke at afdække valuta- krydset EUR/DKK.</td><td>For many years, Denmark has pursued a fixed exchange rate policy relative to the Euro. Therefore, the Group has chosen not to hedge the EUR/DKK currency risk.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Renterisici</td><td>Interest rate risks</td></tr><tr><td>I koncernens leasingdivision tilbydes leasingaftaler med løbe- tider på op til 6 år. Aftalerne indgås både fastforrentet og med variabel rente. Den samlede fastrenteeksponering fratrukket forventet tilbageløb på leasingkontrakterne bliver løbende op- gjort, og det vurderes hvorvidt den opgjorte nettoeksponering skal afdækkes med renteswaps.</td><td>The Group's leasing division provides lease agreements with terms of up to six years. The agreements are subject to floating interest rates as well as fixed interest rates. Total fixed interest exposure less the expected repayments on the lease agreements are calculated on a regular basis, and it is assessed whether the calculated exposure should be hedged by interest rate swaps.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Kreditrisici</td><td>Credit risks</td></tr><tr><td>Koncernens tilgodehavender fra salg udgør 301 mio. kr. pr. 30. september 2024. Dette beløb vedrører clearing af betalingskort i Fleggaard og Calle, tilgodehavender i Fleggaard Leasing som er sikret via ejendomsret samt tilgodehavende i koncernens grossistvirksomheder, som er sikret via kreditforsikring. Fleg- gaard Koncernen opererer med en konservativ kreditpolitik, hvor kreditrisici i grossistselskaberne som udgangspunkt afdækkes gennem kreditforsikring. Der er med forsikringsselskabet aftalt en dækning på 90% af de forsikrede debitorbeholdninger.</td><td>The Group's total trade receivables amounted to DKK 301 million at 30 September 2024. This amount relates to the clearing of payment cards in Fleggaard and Calle, receivables in Fleggaard Leasing which are insured by means of ownership title, and receivables in the Group's wholesale entities, which are covered by credit insurance. The Fleggaard Group has a conservative credit policy where credit risks in the wholesale entities are generally hedged through credit insurance. 90% of the insured portfolio of debtors is hedged under the agreement with the insurance company.</td></tr></table> www.fleggaard-holding.dk/csr <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Samfundsansvar og kønssammensætning</td><td>Corporate social responsibility and gender composition</td></tr><tr><td>Selskabets lovpligtige redegørelse om samfundsansvar og kønssammensætning jf. årsregnskabslovens §99A og §99B fremgår af selskabets CSR-rapport, som ligger tilgængelig på www.fleggaard-holding.dk/csr.</td><td>The Company's statutory report on corporate social responsibility and gender composition under sections 99A and 99B of the Danish Financial Statements Act is disclosed in the Company's CSR report, which is available at www.fleggaard-holding.dk/csr</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Politik for dataetik i Fleggaard koncernen</td><td>Data ethics policy for the Fleggaard Group</td></tr><tr><td>Fleggaard Holding A/S har udarbejdet en dataetisk politik. Politikken beskriver, hvordan koncernen og dens underliggende selskaber behandler personoplysninger. Dataetik er således ét af flere hensyn, som kontinuerligt indgår i de strategiske overvejelser og beslutninger i forretningsøjemed.</td><td>Fleggaard Holding A/S has prepared a data-ethical policy. The policy describes how the Group and its underlying companies process personal data. Data ethics are thus one of more considerations which continuously form part of our strategic considerations and business decisions.</td></tr><tr><td>Koncernens samarbejdspartnere og kunder skal kunne have tillid til, at koncernen er dedikeret til at beskytte og behandle data på en etisk forsvarlig måde. Formålet med den dataetiske politik er således at skabe nogle rammer for en forsvarlig dataanvendelse og dataetisk adfærd til understøttelse af koncernens forretning. På baggrund heraf fremhæves der i den dataetiske politik de hensyn, som koncernen mener er vigtige ift. dataanvendelsen og til understøttelse af sikkerhedsmæssige og persondataretlige tiltag. Politikken gælder for behandling af persondata, andre data og for teknologier og processer som Fleggaard Holding A/S og underliggende selskaber har indflydelse på.</td><td>The Group's cooperative partners and customers must be able to trust that the Group is dedicated to protecting and processing data in an ethically responsible manner. The purpose of our data ethics policy is thus to establish a framework for responsible use of data and data ethical conduct to support the Group’s business. Based on this, the data ethics policy highlights the considerations that the Group believes are important in relation to the use of data and to support security and personal data law measures. The policy applies to the processing of personal data, other data and technologies and processes over which Fleggaard Holding A/S and its underlying companies have influence.</td></tr><tr><td>Fleggaard koncernen er et konglomerat, og som større sam- mensat koncern indhentes og forarbejdes der data på mange forskellige niveauer. Data, herunder kundedata, er en naturlig del af koncernens og dennes virksomheders drift og håndteres efter nærværende dataetiske politik samt gældende GDPR-reg- ler og databeskyttelsesloven. Data bruges som hovedregel i forbindelse med håndtering af bestående kunderelationer til at optimere markedsføring og til forbedrede kundeoplevelser samt forretningsmæssige data generelt og mere relevant service.</td><td>The Fleggaard Group is a conglomerate and as a larger Group, data is collected and processed at many different levels. Data, including customer data is a natural part of the Group’s and its companies’ operations and is handled in accordance with the current data ethics policy and applicable GDPR rules and the General Data Protection Regulation. As a main rule, data is used in connection with the handling of established customer relationships to optimise marketing and to improve customer experiences as well as business-related data in general and to provide more relevant service.</td></tr><tr><td>Data indsamles både on- og offline og kan være både person- henførbare eller anonymiseret. Eksempler herpå er kunders stamdata i koncernens leasingforretninger, e-mailadresser i forbindelse med nyhedsbreve eller generelle trackingdata ved besøg på koncernens hjemmesider eller social media platforme. Størstedelen af de indhentede data er data, som kunder eller samarbejdspartnere selv afgiver. I en situation, hvor koncernen som dataansvarlig benytter sig af en underleverandør, anven- des databehandleraftaler. I databehandleraftalen instrueres databehandleren i, hvordan denne må behandle data på vegne af koncernen. Uagtet, hvilke data der er tale om, værner Fleg- gaard koncernen om informationssikkerheden. Der foretages løbende kontroller af de anvendte teknologier.</td><td>Data is collected both on-line and off-line and may be personally identifiable or anonymized. Examples thereof could be customers’ master data in the Group’s lease businesses, e-mail addresses in connection with newsletters or general tracking data from visits on the Group's webpages or social media platforms. The majority of data collected is data which the customers themselves have provided. In cases where the Group as data controller uses subsuppliers, a data processing agreement is signed. The data processing agreement stipulates how the data processor may process data on behalf of the Group. Regardless of the data in question, the Fleggaard Group protects information security. The technologies used are subject to control on an ongoing basis.</td></tr><tr><td>Data og dataanvendelse</td><td>Data and data use</td></tr><tr><td>Fleggaard koncernen anerkender vigtigheden af en etisk kor- rekt behandling af de data, som koncernen er i besiddelse af. I arbejdet og stillingtagen til dataetiske spørgsmål tages der udgangspunkt i de 10 centrale værdier og principper, som Data- etisk Råd har anbefalet at indarbejde i arbejdet med dataetik.</td><td>The Fleggaard Group recognises the importance of ethically correct processing of the data held by the Group. The work and position on data ethics issues are based on the 10 core values and principles that the Danish Council on Data Ethics has recommended to incorporate into the work with data ethics.</td></tr><tr><td>Velfærd</td><td>Welfare</td></tr><tr><td>Behandling af data skal ske med respekt og hensyn til sociale forhold, samfund og demokrati.</td><td>The processing of data must be done with respect and consideration for social conditions, society and democracy.</td></tr><tr><td>Værdighed</td><td>Dignity</td></tr><tr><td>Behandling af data må ikke anvendes til at skade det enkelte menneske og mennesker bør have den primære gavn af da- tabehandlingen. Det vil sige, at mennesker skal prioriteres før kommercielle og intentionelle interesser.</td><td>The processing of data must not be used to harm the individual and people should have the primary benefit from the data processing. This means that people must be prioritized before commercial and intentional interests.</td></tr><tr><td>Privatliv</td><td>Privacy</td></tr><tr><td>Behandling af data skal ske med respekt for privatliv og under beskyttelse af personlige oplysninger. Det bør altid overvejes, hvilke data der er nødvendige, fra hvilke kilder data skal ind- hentes og hvor følsomme disse data anses for at være.</td><td>The processing of data must be done with respect for privacy and under the protection of personal data. Consideration should always be given to what data is needed, from what sources data should be collected and how sensitive this data is considered to be.</td></tr><tr><td>Selvbestemmelse</td><td>Self-determination</td></tr><tr><td>Behandling af data skal støtte mennesket i at træffe oplyste og selvstændige valg. Det skal ikke mindske, begrænse eller vildlede menneskets selvbestemmelse.</td><td>The processing of data must support people in making informed and independent choices. It must not diminish, limit or mislead human self-determination.</td></tr><tr><td>Lighed</td><td>Equality</td></tr><tr><td>Behandling af data må ikke diskriminere på baggrund af et- nicitet, seksualitet, køn, socioøkonomisk baggrund, politiske meninger, religion, fagforeningsmedlemsskab, genetiske data, biometriske data, handicap eller andre sundhedsrelaterede data.</td><td>Processing of data shall not discriminate on the basis of ethnicity, sexuality, gender, socio-economic background, political opinions, religion, trade union membership, genetic data, biometric data, disability or other health-related data.</td></tr><tr><td>Behandling af data må ikke reproducere fordomme, der margi- naliserer og stigmatiserer befolkningsgrupper. Der bør målrettet arbejdes for, at ressourcesvage og udsatte borgere får gavn af den teknologiske udvikling. Der skal sikres mangfoldighed og diversitet i udvikling og anvendelse af ny teknologi ved for eksempel inddragelse af relevante faggrupper, brugergrupper og organisationer.</td><td>The processing of data must not reproduce prejudices that marginalise and stigmatise sections of the population. Targeted efforts should be made to ensure that disadvantaged and vulnerable citizens benefit from technological development. Diversity in the development and use of new technology must be ensured by, for example, involving relevant professional groups, user groups and organisations.</td></tr><tr><td>Frihed</td><td>Freedom</td></tr><tr><td>Behandling af data skal ske med respekt for grundlæggende frihedsrettigheder i et demokratisk samfund. Herunder ytrings-, informations-, religions- forsamlings- og foreningsfrihed.</td><td>The processing of data must respect fundamental rights of freedom in a democratic society. Including freedom of speech, information, religion, assembly and association.</td></tr><tr><td>Retssikkerhed</td><td>Civil rights</td></tr><tr><td>Behandling af data skal ske i respekt for grundlæggende retssik- kerhedsmæssige garantier og retssikkerhedsniveauet i samfundet.</td><td>The processing of data must take place in respect of fundamental legal guarantees and the level of legal certainty in society.</td></tr><tr><td>Gennemsigtighed</td><td>Transparency</td></tr><tr><td>Behandling af data skal være tilstrækkelig gennemsigtig. Der skal være adgang til indsigt i egne data. Der skal informeres klart og forståeligt om behandlingen af data, databehandlingens formål, funktion, sikkerhed og begrænsninger. Bagvedliggende mønstre skal kunne forklares og retfærdiggøres.</td><td>The processing of data must be sufficiently transparent. Access must be provided to gain insight into own data. Information must be provided clearly and comprehensibly about the processing of data, the purpose, functioning, security and limitations of the data processing. Underlying patterns must be explainable and justifiable.</td></tr><tr><td>Sikkerhed</td><td>Security</td></tr><tr><td>Behandling af data skal være tilstrækkeligt sikker, robust og pålidelig. Der skal sikres sikkerhed i opbevaring og deling af data, således at data ikke utilsigtet bliver tilgængelige for uvedkommende personer.</td><td>The processing of data must be sufficiently secure, robust and reliable. Security must be ensured in the storage and sharing of data so that data is not unintentionally made available to unauthorized persons.</td></tr><tr><td>Det skal være muligt at overvåge og udøve effektivt tilsyn og kontrol, så fejl og potentielt negative sociale eller etiske konsekvenser kan identificeres, evalueres, dokumenteres og minimeres.</td><td>Monitoring and efficient supervision and control must be possible so that errors and potential negative social or ethical consequences can be identified, evaluated, documented and minimised.</td></tr><tr><td>Ansvarlighed</td><td>Responsibility</td></tr><tr><td>Det skal være muligt at stille mennesker til ansvar. Det skal i alle led være klart, hvem der er ansvarlig for konsekvenserne for udvikling og anvendelse af data. Det gælder bl.a. udviklere, anvendere, myndigheder, virksomheder, samarbejdspartnere og tredjeparter.</td><td>It must be possible to hold people to account. It must be clear at all levels who is responsible for the consequences for developing and using data. This applies i.a. to developers, users, authorities, companies, cooperative partners and third parties.</td></tr><tr><td>Særligt om databehandling og databeskyttelse</td><td>Special information on data processing and data protection</td></tr><tr><td>Fleggaard koncernen følger databeskyttelsesforordningens principper for behandlingen af personoplysninger.</td><td>The Fleggaard Group complies with the principles of the General Data Protection Regulation for the processing of personal data.</td></tr><tr><td>Lovlighed, rimelighed og gennemsigtighed</td><td>Lawfulness, fairness and transparency</td></tr><tr><td>Behandling af data skal til enhver tid overholde den gældende lovgivning og praksis på området, herunder databeskyttelses- forordningen, persondataloven og god databehandlingsskik. Oftest vil behandlingsgrundlaget være et samtykke, en kontrakt, vores legitime interesser eller en retlig forpligtelse.</td><td>Data processing must at all times comply with applicable legislation and practices for the area, including the General Data Protection Regulation, the Danish Act on Processing of Personal Data and sound data processing practice. Most often, the basis for processing will be a consent, a contract, our legitimate interests or a legal obligation.</td></tr><tr><td>Formålsbegrænsning</td><td>Purpose limitation</td></tr><tr><td>Fleggaard koncernen indsamler og behandler kun de data, som er nødvendige for at opfylde formålet med behandlingen. Når dataene indsamles, skal det være klart, hvilke saglige oplys- ninger, der skal behandles til hvilke formål.</td><td>The Fleggaard Group only collects and processes the data required for fulfilling the purpose of processing. When data is collected, it must be known for which purpose the data are to be processed.</td></tr><tr><td>Dataminimering</td><td>Data minimisation</td></tr><tr><td>Fleggaard koncernen sikrer at behandling og opbevaring be- grænses til det, som er nødvendigt for at databehandlingen og er i overensstemmelse med formålet.</td><td>The Fleggaard Group ensures that processing, including the storage of data, is limited to what is necessary for the purpose.</td></tr><tr><td>Rigtighed</td><td>Accuracy</td></tr><tr><td>Fleggaard koncernen ajourfører persondata. Urigtige person- oplysninger slettes eller berigtiges.</td><td>The Fleggaard Group updates personal data. Incorrect data is deleted or rectified.</td></tr><tr><td>Opbevaringsbegrænsning</td><td>Storage limitation</td></tr><tr><td>Fleggaard koncernen sletter personoplysninger, når det ikke længere er nødvendigt at behandle dem.</td><td>The Fleggaard Group deletes personal data once they no longer need to be processed.</td></tr><tr><td>Integritet og fortrolighed</td><td>Integrity and confidentiality</td></tr><tr><td>Fleggaard koncernen sikrer at persondata og andre data ikke kommer til uvedkommendes kendskab, går tabt eller bliver beskadiget. Der er gennemført passende tekniske og orga- nisatoriske sikkerhedsforanstaltninger mod at personoplys- ninger og data hændeligt eller ulovligt tilintetgøres, fortabes, ændres, forringes eller kommer uvedkommende til kendskab eller misbruges.</td><td>The Fleggaard Group ensures that personal data and other data are not disclosed to unauthorized persons, do not get lost or damaged. Appropriate technical and organisational security measures have been implemented against personal data and data being accidentally or illegally destroyed, lost, altered, impaired or come to the knowledge or misuse of unauthorised persons.</td></tr><tr><td>Nye teknologier</td><td>New technologies</td></tr><tr><td>Fleggaard koncernens øverste ledelse har det overordnede ansvar for beslutninger om ibrugtagen og implementering af nye teknologier. Når nye teknologier og IT systemer tages i brug, inddrages ledelsen aktivt i beslutningsprocessen. Det undersøges desuden, om data, der anvendes, indeholder personhenførbare data. Er dette tilfældet, sikres det, at da- tabeskyttelsesforordningen og anden lovgivning overholdes.</td><td>Those charged with governance at the Fleggard Group are overall responsible for decisions taken on the use and implementation of new technologies. When new technologies and IT systems are put into use, management is actively involved in the decision-making process. It is also examined whether the data used contains personally identifiable data. If this is the case, compliance with the General Data Protection Regulation and other legislation is ensured.</td></tr><tr><td>Årlig evaluering</td><td>Annual review</td></tr><tr><td>Fleggaard koncernen vil løbende forsøge at identificere, analy- sere, vurdere, afveje og evaluere potentielle dilemmaer inden for dataetik med de relevante ansvarlige. Sidstnævnte skal ske med henblik på at beslutte velovervejede og gennemtænkte løsninger som er dataetisk forsvarlige.</td><td>The Fleggaard Group will continuously aim to identify, analyse, assess, weigh and evaluate potential dilemmas within data ethics with the relevant controllers. The latter must be done in order to develop well-considered and well thought-out solutions that are data ethically justifiable.</td></tr><tr><td>Fleggaard koncernen forpligter sig til at gennemgå den dataetiske politik mindst én gang om året i forbindelse med redegørelsen i tilknytning til ledelsesberetningen i årsrapporten.</td><td>The Fleggard Group undertakes to review the data ethics policy at least once a year in relation to the statement included with the Management’s review in the annual report.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Anvendt regnskabspraksis</td><td>Accounting policies</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Generelt</td><td>General matters</td></tr></table> Regnskabsklasse C, stor virksomhed <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Årsrapporten for Fleggaard Holding A/S for 2023/24 er aflagt i overensstemmelse med årsregnskabslovens bestemmelser for store klasse C virksomheder.</td><td>Fleggard Holding A/S’ annual report for 2023/24 has been pre- pared in accordance with the provisions in the Danish Financial Statements Act applying to large reporting class C entities.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Fleggaard Holding A/S indgår i koncernregnskabet for Aktie- selskabet Fladkær.</td><td>Fleggaard Holding A/S is included in the consolidated financial statements of Aktieselskabet Fladkær.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Koncernregnskabet</td><td>Consolidated financial statements</td></tr><tr><td>Bestemmende indflydelse</td><td>Control</td></tr><tr><td>Koncernregnskabet omfatter modervirksomheden Fleggaard Holding A/S og de tilknyttede virksomheder, hvori Fleggaard Holding A/S har bestemmende indflydelse (kontrol).</td><td>The consolidated financial statements comprise the Parent Company Fleggaard Holding A/S and group entities controlled by Fleggaard Holding A/S.</td></tr><tr><td>Bestemmende indflydelse er beføjelsen til at styre en tilknyttet virksomheds finansielle og driftsmæssige beslutninger. Derud- over stilles der krav om muligheden for at opnå et økonomisk afkast af investeringen.</td><td>Control means the power to exercise decisive influence over a group entity's financial and operating decisions. Moreover, the possibility of yielding a return from the investment is required.</td></tr><tr><td>Ved vurderingen af, om modervirksomheden besidder bestem- mende indflydelse, tages ligeledes hensyn til de factokontrol.</td><td>In assessing whether the Parent Company controls an entity, de facto control is also taken into consideration.</td></tr><tr><td>Eksistensen af potentielle stemmerettigheder, som aktuelt kan udnyttes eller konverteres til yderligere stemmerettig- heder, tages med i vurderingen af, om en virksomhed kan opnå beføjelsen til at styre en anden virksomheds finansielle og driftsmæssige beslutninger.</td><td>The existence of potential voting rights that may currently be exercised or converted into additional voting rights is considered when assessing whether an entity may become empowered to exercise decisive influence over another entity's financial and operating decisions.</td></tr><tr><td>Betydelig indflydelse</td><td>Significant influence</td></tr><tr><td>Virksomheder, hvori koncernen kan udøve betydelig indflydelse på finansielle og driftsmæssige beslutninger, klassificeres som associerede virksomheder. Betydelig indflydelse antages at foreligge, når modervirksomheden direkte eller indirekte be- sidder eller råder over mere end 20% af stemmerettighederne, men der ikke foreligger bestemmende indflydelse.</td><td>Entities over whose financial and operating decisions the Group can exercise significant influence are classified as associates. Significant influence is deemed to exist when the Parent Company holds or controls, directly or indirectly, more than 20% of the voting rights of an entity but does not control it.</td></tr><tr><td>Eksistensen af potentielle stemmerettigheder, som aktuelt kan udnyttes eller konverteres til stemmerettigheder, med- tages i vurderingen af, om der foreligger betydelig indflydelse.</td><td>The existence of potential voting rights that may currently be exercised or converted into voting rights is considered when assessing whether significant influence exists.</td></tr><tr><td>Koncernregnskabsudarbejdelse</td><td>Preparation of consolidated financial statements</td></tr><tr><td>Koncernregnskabet er udarbejdet som et sammendrag af mo- dervirksomhedens og de enkelte tilknyttede virksomheders regnskaber opgjort efter koncernens regnskabspraksis, elimineret for koncerninterne indtægter og omkostninger, aktiebesiddelser, interne mellemværender og udbytter samt realiserede og urea- liserede fortjenester ved transaktioner mellem de konsoliderede virksomheder. Urealiserede fortjenester ved transaktioner med associerede virksomheder og kapitalinteresser elimineres i forhold til koncernens ejerandel i virksomheden. Urealiserede tab elimineres på samme måde som urealiserede fortjenester, medmindre de ikke er udtryk for værdiforringelse.</td><td>The consolidated financial statements are prepared as a consolidation of the Parent Company's and the individual group entities' financial statements, which are prepared according to the Group's accounting policies. On consolidation, intra-group income and expenses, shareholdings, intra-group balances and dividends as well as realised and unrealised gains on intra-group transactions are eliminated. Unrealised gains on transactions with associates and equity interests are eliminated in proportion to the Group's ownership interest in the entity. Unrealised losses are eliminated in the same way as unrealised gains unless they do not reflect impairment.</td></tr><tr><td>I koncernregnskabet indregnes tilknyttede virksomheders regnskabsposter 100%. Minoritetsinteressernes andel af årets resultat og af egenkapitalen i tilknyttede virksomheder, der ikke ejes 100%, indgår i koncernens resultat og egenkapital, men præsenteres separat.</td><td>The group entities' financial statement items are included 100% in the consolidated financial statements. Non-controlling interests' share of the profit/loss for the year and of the equity of group entities that are not wholly-owned are included in the Group's profit/loss and equity, respectively, but are presented separately.</td></tr><tr><td>Køb og salg af minoritetsinteresser under fortsat bestem- mende indflydelse indregnes direkte på egenkapitalen som en transaktion mellem kapitalejere.</td><td>Acquisitions and disposals of non-controlling interests that are still controlled are recognised directly in equity as a transaction between shareholders.</td></tr><tr><td>Kapitalandele i associerede virksomheder, kapitalinteresser og joint ventures indregnes i koncernregnskabet efter indre værdis metode.</td><td>Equity investments in associates, participating interests and joint ventures are recognised in the consolidated financial statements using the equity method.</td></tr><tr><td>Koncernens aktiviteter i driftsfællesskaber indregnes i kon- cernregnskabet linje for linje.</td><td>The Group's activities in joint operations are recognised in the consolidated financial statements on a line-by-line basis.</td></tr><tr><td>Eksterne virksomhedssammenslutninger</td><td>External business combinations</td></tr><tr><td>Nyerhvervede virksomheder indregnes i koncernregnskabet fra overtagelsestidspunktet. Solgte eller afviklede virksomheder indregnes i koncernregnskabet frem til afståelsestidspunktet. Sammenligningstal korrigeres ikke for nyerhvervede virksom- heder. Ophørende aktiviteter præsenteres særskilt, jf. nedenfor. Overtagelsestidspunktet er det tidspunkt, hvor koncernen faktisk opnår kontrol over den overtagne virksomhed.</td><td>Newly acquired entities are recognised in the consolidated financial statements from the acquisition date. Entities sold or otherwise disposed of are recognised in the consolidated financial statements up to the date of disposal. Comparative figures are not restated to reflect newly acquired entities. Discontinuing operations are presented separately, see below. The acquisition date is the date when the Group actually obtains control of the acquiree.</td></tr><tr><td>Ved køb af nye virksomheder, hvor koncernen opnår bestem- mende indflydelse over den købte virksomhed, anvendes overtagelsesmetoden. De tilkøbte virksomheders identificerede aktiver, forpligtelser og eventualforpligtelser måles til dags- værdi på overtagelsestidspunktet. Identificerbare immaterielle aktiver indregnes, hvis de kan udskilles eller udspringer fra en kontraktlig ret. Der indregnes udskudt skat af de foretagne omvurderinger.</td><td>The purchase method is applied to acquisitions of new businesses over which the Group obtains control. The acquired businesses' identified assets, liabilities and contingent liabilities are measured at fair value at the acquisition date. Identifiable intangible assets are recognised if they are separable or arise from a contractual right. Deferred tax on revaluations is recognised.</td></tr><tr><td>Positive forskelsbeløb (goodwill) mellem på den ene side købsvederlaget, værdien af minoritetsinteresser i den over- tagne virksomhed og dagsværdien af eventuelle tidligere erhvervede kapitalandele, og på den anden side dagsværdien af de overtagne identificerbare aktiver, forpligtelser og even- tualforpligtelser indregnes som goodwill under immaterielle aktiver. Goodwill afskrives lineært i resultatopgørelsen efter en individuel vurdering af den økonomiske levetid.</td><td>Positive differences (goodwill) between, on the one hand, the consideration for the acquiree, the value of non-controlling interests in the acquired entity and the fair value of any previously acquired equity investments and, on the other hand, the fair value of the assets, liabilities and contingent liabilities acquired are recognised as goodwill in intangible assets. Goodwill is amortised on a straight-line basis in the income statement based on an individual assessment of the economic life of the asset.</td></tr><tr><td>Negative forskelsbeløb (negativ goodwill) indregnes i resul- tatopgørelsen på overtagelsestidspunktet.</td><td>Negative differences (negative goodwill) are recognised in the income statement at the acquisition date.</td></tr><tr><td>Ved overtagelsen henføres goodwill til de pengestrøms- frembringende enheder, der efterfølgende danner grundlag for nedskrivningstest. Goodwill og dagsværdireguleringer i forbindelse med overtagelse af en udenlandsk enhed med en anden funktionel valuta end koncernens præsentationsva- luta behandles som aktiver og forpligtelser, tilhørende den udenlandske enhed, og omregnes ved første indregning til den udenlandske enheds funktionelle valuta med transakti- onsdagens valutakurs.</td><td>Upon acquisition, goodwill is allocated to the cashgenerating units, which subsequently form the basis for impairment testing. Goodwill and fair value adjustments in connection with the acquisition of a foreign entity with a functional currency different from the Group's presentation currency are accounted for as assets and liabilities belonging to the foreign entity and are, on initial recognition, translated into the foreign entity's functional currency using the exchange rate at the transaction date.</td></tr><tr><td>Købsvederlaget for en virksomhed består af dagsværdien af det aftalte vederlag i form af overdragne aktiver, påtagne forpligtelser og udstedte egenkapitalinstrumenter. Hvis en del af købsvederlaget er betinget af fremtidige begivenheder eller opfyldelse af aftalte betingelser, indregnes denne del af købsvederlaget til dagsværdi på overtagelsestidspunktet. Ef- terfølgende reguleringer af betingede købsvederlag indregnes i resultatopgørelsen.</td><td>The purchase consideration for an entity consists of the fair value of the agreed consideration in the form of assets transferred, liabilities assumed and equity instruments issued. If part of the purchase consideration is contingent on future events or compliance with agreed terms, such part of the purchase consideration is recognised at fair value at the acquisition date. Subsequent adjustments of contingent purchase considerations are recognised in the income statement.</td></tr><tr><td>Omkostninger, afholdt i forbindelse med virksomhedskøb, indregnes i resultatopgørelsen i afholdelsesåret.</td><td>Expenses incurred to acquire entities are recognised in the income statement in the year in which they are incurred.</td></tr><tr><td>Hvis der på overtagelsestidspunktet er usikkerhed om iden- tifikation eller måling af overtagne aktiver, forpligtelser, eventualforpligtelser eller fastlæggelsen af købsvederlaget, sker første indregning på baggrund af foreløbigt opgjorte værdier. Hvis det efterfølgende viser sig, at identifikation eller måling af købsvederlaget, overtagne aktiver, forplig- telser eller eventualforpligtelser ikke var korrekt ved første indregning, reguleres opgørelsen med tilbagevirkende kraft, herunder goodwill, indtil 12 måneder efter overtagelsen, og sammenligningstal tilpasses. Herefter indregnes eventuelle korrektioner som fejl.</td><td>If uncertainties regarding the identification or measurement of acquired assets, liabilities or contingent liabilities or the determination of the purchase consideration exist at the acquisition date, initial recognition will take place on the basis of provisional values. If it turns out subsequently that the identification or measurement of the purchase consideration, acquired assets, liabilities or contingent liabilities was incorrect on initial recognition, the statement will be adjusted retrospectively, including goodwill, until 12 months after the acquisition, and comparative figures will be restated. Subsequently, any adjustments are recognised as errors.</td></tr><tr><td>Ved afhændelse af tilknyttede virksomheder, hvor den be- stemmende indflydelse ikke længere opretholdes, opgøres fortjeneste og tab som forskellen mellem nettosalgsprisen på den ene side og den forholdsmæssige andel af den regn- skabsmæssige værdi af nettoaktiver på den anden side. Hvis virksomheden fortsat besidder kapitalandele i den afhændede tilknyttede virksomhed, udgør den resterende forholdsmæssige andel af regnskabsmæssig værdi udgangspunkt for måling af kapitalandele i associerede virksomheder, kapitalinteresser eller værdipapirer og kapitalandele.</td><td>Gains or losses from the divestment of group entities that implies that control is no longer maintained are calculated as the difference between, on the one hand, the net selling price and, on the other hand, the proportionate share of the carrying amount of net assets. If the Parent Company still holds equity investments in the divested group entity, the remaining proportionate share of the carrying amount forms the basis for the measurement of equity investments in associates, participating interests or securities and equity investments.</td></tr></table> true <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Præsentationsvaluta</td><td>Reporting currency</td></tr><tr><td>Årsregnskabet er aflagt i danske kroner (kr.).</td><td>The financial statements are presented in Danish kroner (DKK'000).</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Minoritetsinteresser</td><td>Non-controlling interests</td></tr><tr><td>Ved første indregning måles minoritetsinteresser til dagsværdi af minoritetsinteressernes ejerandel.</td><td>On initial recognition, non-controlling interests are measured at the fair value of the non-controlling interests' equity interest.</td></tr><tr><td>Der indregnes goodwill vedrørende minoritetsinteressernes andel i den overtagne virksomhed.</td><td>Goodwill relating to the non-controlling interests' share of the acquiree is recognised.</td></tr><tr><td>Koncerninterne virksomhedssammenslutninger</td><td>Intra-group business combinations</td></tr><tr><td>Ved virksomhedssammenslutninger som køb og salg af kapitalandele, fusioner, spaltninger, tilførsel af aktiver og aktieombytninger m.v. ved deltagelse af virksomheder under modervirksomhedens bestemmende indflydelse anvendes book valuemetoden, hvor sammenlægningen anses for gen- nemført på erhvervelsestidspunktet uden tilpasning af sam- menligningstal. Forskelle mellem det aftalte vederlag og den overtagne virksomheds regnskabsmæssige værdi indregnes direkte på egenkapitalen.</td><td>The book value method is applied to business combinations such as acquisition and disposal of equity investments, mergers, demergers, additions of assets and share conversions, etc., in which entities controlled by the Parent Company are involved, provided that the combination is considered completed at the acquisition date without any restatement of comparative figures. Differences between the agreed consideration and the carrying amount of the acquiree are recognised directly in equity.</td></tr><tr><td>Ved lodrette og omvendt lodrette koncerninterne fusioner anvendes koncernmetoden til sammenlægning af virksomhe- derne. Herved sammenlægges virksomhederne til den omvur- deringsværdi, der er opgjort i koncernregnskabet eller der ville være opgjort i koncernregnskabet for den modervirksomhed, som indgår i fusionen. Koncernmetoden gennemføres, som om virksomhederne har været sammenlagt fra tidspunktet, hvor modervirksomheden erhvervede kapitalandele i de af fusionen omfattede virksomheder, og der er derfor sket tilretning af sammenligningstal.</td><td>In the case of vertical and reverse vertical intra-group mergers, the uniting-of-interest method is used to combine the companies. This involves combining the entities at the revalued amount that is recorded in the consolidated financial statements or that would be recorded in the consolidated financial statements of the parent company involved in the merger. The uniting-of- interest method is applied as if the entities had been merged from the time the parent company acquired an interest in the merged entities and comparative figures are therefore restated.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Omregning af fremmed valuta</td><td>Foreign currency translation</td></tr><tr><td>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.</td><td>On initial recognition, transactions denominated in foreign currencies are translated at the exchange rates at the transaction date. Foreign exchange differences arising between the exchange rate at the transaction date and the rate at the date of payment are recognised in the income statement as financial income or financial expenses.</td></tr><tr><td>Tilgodehavender, gæld og andre monetære poster i fremmed valuta omregnes til balancedagens valutakurs. Forskellen mellem balancedagens kurs og kursen på tidspunktet for tilgo- dehavendets eller gældens opståen eller indregning i seneste årsregnskab indregnes i resultatopgørelsen under finansielle indtægter og omkostninger.</td><td>Receivables and payables and other monetary items denomi- nated in foreign currencies are translated at closing rates. The difference between the exchange rates at the balance sheet date and at the date at which the receivable or payable arose or was recognised in the latest financial statements is recognised in the income statement as financial income or financial expenses.</td></tr><tr><td>Anlægsaktiver, der er købt i fremmed valuta, måles til kursen på transaktionsdagen.</td><td>Fixed assets purchased in foreign currencies are measured at the exchange rate at the transaction date.</td></tr><tr><td>Udenlandske tilknyttede virksomheder, associerede virksomheder og kapitalinteresser anses for at være selvstændige enheder. Resultatopgørelserne omregnes til en gennemsnitlig valutakurs for måneden, og balanceposterne omregnes til balancedagens valutakurser. Kursdifferencer, opstået ved omregning af udenlandske tilknyttede virksomheders egenkapital ved årets begyndelse til balancedagens valutakurser og ved omregning af resultatopgørelser fra gennemsnitskurser til balancedagens valutakurser, indregnes direkte i egenkapitalen.</td><td>Foreign subsidiaries and associates are considered separate entities. Items in such entities' income statements are translated at an average exchange rate for the month, and balance sheet items are translated at closing rates. Foreign exchange differences arising on translation of the opening equity of foreign subsidiaries to closing rates and on translation of the income statements from average exchange rates to closing rates are taken directly to equity.</td></tr><tr><td>Kursregulering af mellemværender med selvstændige uden- landske tilknyttede virksomheder, der anses for en del af den samlede nettoinvestering i den tilknyttede virksomhed, indregnes direkte i reserven for valutaomregning under egen- kapitalen. Tilsvarende indregnes valutakursgevinster og –tab på lån og afledte finansielle instrumenter indgået til kurssikring af nettoinvesteringer i udenlandske tilknyttede virksomheder direkte i reserven for valutaomregning under egenkapitalen.</td><td>Foreign exchange adjustments of balances with separate foreign subsidiaries, which are considered part of the aggregate investment in the subsidiary, are taken directly to equity, and foreign exchange gains and losses on loans and derivative financial instruments designated as hedges of foreign subsidiaries are recognised directly in equity.</td></tr><tr><td>Ved indregning af udenlandske tilknyttede virksomheder, der er integrerede enheder, omregnes monetære poster til balan- cedagens kurs. Ikke-monetære poster omregnes til kursen på anskaffelsestidspunktet eller på tidspunktet for efterfølgende op- eller nedskrivning af aktivitet. Resultatopgørelsens poster omregnes til transaktionsdagens kurs, idet poster afledt af ikke-monetære poster dog omregnes til historiske kurser for den ikke-monetære post.</td><td>On recognition of foreign subsidiaries which are integral entities, monetary items are translated at closing rates. Non monetary items are translated at the exchange rate at the acquisition date or at the date of any subsequent revaluation or impairment of the asset. Income statement items are translated at the exchange rates at the transaction date. However, items derived from non monetary items are translated at historical exchange rates for the non monetary item.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Afledte finansielle instrumenter</td><td>Derivative financial instruments</td></tr><tr><td>Afledte finansielle instrumenter indregnes første gang i balan- cen til kostpris og måles efterfølgende til dagsværdi. Positive og negative dagsværdier af afledte finansielle instrumenter indgår i andre tilgodehavender henholdsvis anden gæld.</td><td>On initial recognition, derivative financial instruments are recognised in the balance sheet at cost and are subsequently measured at fair value. Positive and negative fair values of derivative financial instruments are included in other receivables and payables, respectively.</td></tr><tr><td>Ændringer i dagsværdi af afledte finansielle instrumenter, der er klassificeret som og opfylder kriterierne for sikring af dagsværdien af et indregnet aktiv eller en indregnet forplig- telse, indregnes i resultatopgørelsen sammen med ændringer i værdien af det sikrede aktiv eller den sikrede forpligtelse.</td><td>Fair value adjustments of derivative financial instruments designated as and qualifying for recognition as a fair value hedge of recognised assets and liabilities are recognised in the income statement together with changes in the value of the hedged asset or liability.</td></tr><tr><td>Ændringer i dagsværdi af afledte finansielle instrumenter, der er klassificeret som og opfylder betingelserne for sikring af fremtidige aktiver eller forpligtelser, indregnes i tilgodehavender eller gæld samt i egenkapitalen. Indtægter og omkostninger vedrørende sådanne sikringstransaktioner overføres fra egen- kapitalen ved realisation af det sikrede og indregnes i samme regnskabspost som det sikrede.</td><td>Fair value adjustments of derivative financial instruments designated as and qualifying for hedging of future assets or liabilities are recognised in 'Receivables' or 'Payables' and in equity. Income and expenses relating to such hedging transactions are transferred from equity on the realisation of the hedged item and recognised in the same accounting item as the hedged item.</td></tr><tr><td>For afledte finansielle instrumenter, som ikke opfylder betin- gelserne for behandling som sikringsinstrumenter, indregnes ændringer i dagsværdi i resultatopgørelsen løbende.</td><td>As for derivative financial instruments that do not qualify for hedge accounting, fair value adjustments are recognised in the income statement on a current basis.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Resultatopgørelsen</td><td>.Income statement</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Nettoomsætning</td><td>Revenue</td></tr><tr><td>Omsætning fra salg af varer og tjenesteydelser</td><td>Revenue from the sale of goods</td></tr><tr><td>Virksomheden har valgt IAS 11/IAS 18 som fortolkningsbidrag for indregning af omsætning.</td><td>The Company has chosen IAS 11/IAS 18 as interpretation for revenue recognition.</td></tr><tr><td>Nettoomsætning ved salg af handelsvarer, finansielle indtægter fra leasingaktivitet og ydelser indregnes i resultatopgørelsen, såfremt levering og risikoovergang til køber har fundet sted inden årets udgang, og såfremt indtægten kan opgøres på- lideligt og forventes modtaget. Nettoomsætningen måles til salgsværdien af produkter og tjenesteydelser ekskl. moms, afgifter og rabatter i forbindelse med salget.</td><td>Revenue from the sale of goods for resale, financial income from lease activities and services is recognised in the income statement provided that delivery and transfer of risk to the buyer have taken place before year end and that the income can be measured reliably and is expected to be received. Revenue is measured at the selling price of products and services ex VAT, taxes and discounts in relation to the sale.</td></tr><tr><td>Omsætning fra leasingkontrakter</td><td>Revenue from lease agreements</td></tr><tr><td>Virksomheden har valgt IAS 11/IAS 18 som fortolkningsbidrag for indregning af omsætning.</td><td>The Company has chosen IAS 11/IAS 18 as interpretation for revenue recognition.</td></tr><tr><td>Nettoomsætning består af renteindtægter fra finansielle leasingkontrakter samt dertilhørende serviceydelser. Renteind- tægter indregnes systematisk og i takt med at leasingydelserne forfalder, samt såfremt indtægten kan opgøres pålideligt og betaling forventes modtaget. Serviceydelser, som omfatter værkstedsservice, brændstof, forsikringer mv., indregnes ligeledes i takt med leasingydelserne.</td><td>Revenue comprises interest income from financial leases and related services. Interest income is recognised systematically and as lease payments fall due and provided that the income can be measured reliably and is expected to be received. Services which comprise workshop services, fuel, insurance, etc. are also recognised as lease payments fall due.</td></tr><tr><td>Ved beregning af leasingydelserne anvendes den implicitte rente som diskonteringsfaktor, svarende til leasingkontrak- tens interne rente. Leasingydelsernes rentedel indtægtsføres løbende under omsætning. På operationelle leasingkontrakter indregnes hele leasingydelsen som omsætning.</td><td>Lease payments are calculated using the interest implicit as discount factor, corresponding to the interest implicit in the lease agreement. The interest element of the lease payment is recognised continuously as revenue. As for operating leases, the entire lease payment is recognised as revenue.</td></tr><tr><td>Nettoomsætning måles ex. moms og eventuelle rabatter i forbindelse med ydelsen.</td><td>Revenue is measured ex VAT and any discounts in relation to the service.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Vareforbrug</td><td>Cost of sales</td></tr><tr><td>Vareforbrug for salg af varer</td><td>Cost of sales from the sale of goods</td></tr><tr><td>Omkostninger til vareforbrug indeholder det forbrug af råvarer og hjælpematerialer, der er anvendt for at opnå årets nettoom- sætning, samt de finansielle omkostninger fra leasingaktivitet.</td><td>Cost of sales include the raw materials and consumables used in generating the year’s revenue and finance costs from lease activity.</td></tr><tr><td>Vareforbrug for leasingkontrakter</td><td>Cost of sales from assets held under lease and purchase contracts</td></tr><tr><td>Vareforbruget omfatter omkostninger vedrørende serviceele- menter med risiko, reduceret med bonus optjent vedrørende disse serviceelementer.</td><td>Cost of sales includes costs related to service elements, reduced with bonuses earned for these service elements.</td></tr><tr><td>Vareforbruget omfatter endvidere bogført værdi af solgte køretøjer klassificeret som operationel leasing, samt rente- udgifter til finansiering af årets omsætning.</td><td>Cost of sales also includes book value of vehicles sold classified as operating lease, as well as interest expense to finance the revenue.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Andre driftsindtægter</td><td>Other operating income</td></tr><tr><td>Andre driftsindtægter indeholder regnskabsposter af sekundær karakter i forhold til virksomhedernes aktiviteter.</td><td>Other operating income comprises items secondary to the primary activities of the Company.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Andre driftsomkostninger</td><td>Other operating expenses</td></tr><tr><td>Andre driftsomkostninger indeholder regnskabsposter af sekundær karakter i forhold til virksomhedernes aktiviteter.</td><td>Other operating expenses include accounting items of a se- condary nature in relation to corporate activities.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Andre eksterne omkostninger</td><td>Other external expenses</td></tr><tr><td>Andre eksterne omkostninger omfatter omkostninger til distribution, salg, reklame, administration, lokaler, tab på debitorer, operationelle leasingomkostninger m.v.</td><td>Other external expenses comprise costs for distribution, sale, advertising, administration, premises, bad debt losses, operating leases, etc.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Personaleomkostninger</td><td>Staff costs</td></tr><tr><td>Personaleomkostninger indeholder gager og lønninger samt lønafhængige omkostninger.</td><td>Staff costs comprise wages and salaries as well as related costs.</td></tr><tr><td>Resultat af kapitalandele i dattervirksomheder og kapitalinteresser</td><td>Profit/loss from investments in subsidiaries and equity interests</td></tr><tr><td>I modervirksomhedens resultatopgørelse indregnes den forholdsmæssige andel af de enkelte dattervirksomheders resultat efter skat efter fuld eliminering af intern avance/tab.</td><td>The proportionate share of the results after tax of the individual subsidiaries is recognised in the income statement of the Parent Company after full elimination of intra-group profits/losses.</td></tr><tr><td>I både modervirksomhedens og koncernens resultatopgørelser indregnes den forholdsmæssige andel af kapitalinteressers resultat efter skat efter eliminering af forholdsmæssig andel af intern avance/tab.</td><td>The proportionate share of equity interests of the results after tax of the associates is recognised in both the consolidated and the parent company income statement after elimination of the proportionate share of intra-group profits/gains.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Finansielle indtægter og omkostninger</td><td>Financial income and expenses</td></tr><tr><td>Finansielle indtægter og omkostninger indeholder renter, kursgevinster og -tab vedrørende værdipapirer, gæld og transaktioner i fremmed valuta, amortisering af finansielle aktiver og forpligtelser samt tillæg og godtgørelser under acontoskatteordningen m.v.</td><td>Financial income and expenses comprise interest income and expenses, 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 tax scheme, etc.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Skat af årets resultat</td><td>Tax for the year</td></tr><tr><td>Skat af årets resultat omfatter aktuel skat af årets forventede skattepligtige indkomst, årets regulering af udskudt skat med fradrag af den del af årets skat, der vedrører egenkapi- talbevægelser.</td><td>The income tax expense comprises the current tax payable on the year's expected taxable income and any adjustment to deferred tax less the tax expense for the year relating to changes in equity.</td></tr><tr><td>Aktuel og udskudt skat vedrørende egenkapitalbevægelser indregnes direkte i egenkapitalen.</td><td>Current and deferred tax relating to changes in equity is recognise directly in equity.</td></tr><tr><td>Moderselskabet Fladkær A/S og de danske tilknyttede virk- somheder er sambeskattede. Den danske selskabsskat fordeles mellem overskuds- og underskudsgivende danske selskaber i forhold til disses skattepligtige indkomst (fuld fordeling). Moderselskabet fungerer som administrationsselskab for sambeskatningskredsen, således at moderselskabet forestår afregning af skatter mv. til de danske skattemyndigheder</td><td>The Parent Company Aktieselskabet Fladkær and its Danish group entities are jointly taxed. The total Danish income tax charge is allocated between profit/loss-making Danish entities in proportion to their taxable income (full absorption). The Parent Company is the management company of the joint taxation unit and thus settles taxes, etc. to the Danish tax authorities.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Balancen</td><td>Balance sheet</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Immaterielle anlægsaktiver</td><td>Intangible assets</td></tr><tr><td>Goodwill</td><td>Goodwill</td></tr><tr><td>Goodwill afskrives over den vurderede økonomiske levetid, der fastlægges på baggrund af ledelsens erfaringer inden for de enkelte forretningsområder. Goodwill afskrives lineært over afskrivningsperioden 10-20 år og er længst for strategisk er- hvervede virksomheder med en stærk markedsposition, brand og langsigtet indtjeningsprofil.</td><td>Goodwill is amortised over the expected economic life of the asset, measured by reference to Management’s experience in the individual business segments. Goodwill is estimated useful life, which is 10-20 years, longest for strategically acquired enterprises with strong market positions, fire and long-term earnings profiles.</td></tr><tr><td>Den regnskabsmæssige værdi af goodwill vurderes løbende og nedskrives til genindvindingsværdi over resultatopgørelsen, såfremt den regnskabsmæssige værdi overstiger de forventede fremtidige nettoindtægter fra den virksomhed eller aktivitet, som goodwill er knyttet til.</td><td>The carrying amount of goodwill is tested for impairment and written down to the recoverable amount over the income statement in cases where the carrying amount exceeds the expected future net income from the business or the activity to which the goodwill relates.</td></tr><tr><td>Andre immaterielle anlægsaktiver</td><td>Other intangible assets</td></tr><tr><td>Andre immaterielle anlægsaktiver omfatter andre erhvervede immaterielle rettigheder herunder software og udviklings- omkostninger.</td><td>Other intangible assets comprise other intellectual property rights acquired, including software and development costs.</td></tr><tr><td>Andre immaterielle anlægsaktiver måles til kostpris med fradrag af akkumulerede af- og nedskrivninger. Kostprisen omfatter omkostninger samt gager, som kan henføres til de enkelte aktiver.</td><td>Other intangible assets are measured at cost less accumulated amortisation and impairment losses. Cost of sales comprises costs as well as wages attribute to the individual assets.</td></tr><tr><td>Fortjeneste og tab ved salg af immaterielle anlægsaktiver indregnes i resultatopgørelsen under henholdsvis andre driftsindtægter og andre driftsomkostninger. Fortjeneste eller tab opgøres som forskellen mellem salgspris med fradrag af salgsomkostninger og den regnskabsmæssige værdi på salgstidspunktet.</td><td>Gains and losses on the sale of intangible assets are recognised in the income statement under "Other operating income" or "Other operating expenses" respectively. Gains and losses are calculated as the difference between the selling price less selling expenses and the carrying amount at the time of sale.</td></tr><tr><td>Afskrivningsperiode 3-5 år.</td><td>Depreciation period 3-5 years.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Materielle anlægsaktiver</td><td>Property, plant and equipment</td></tr><tr><td>Grunde og bygninger, indretning af lejede lokaler samt andre anlæg, driftsmateriel og inventar måles til kostpris med fradrag af akkumulerede af- og nedskrivninger. Der afskrives ikke på grunde.</td><td>Land and buildings, leasehold improvements and fixtures and fittings, plant and equipment are measured at cost less accumulated depreciation and impairment losses. Land is not depreciated.</td></tr><tr><td>Kostprisen omfatter anskaffelsesprisen samt omkostninger direkte tilknyttet anskaffelsen indtil det tidspunkt, hvor aktivet er klar til brug.</td><td>Cost comprises the purchase price and any costs directly attributable to the acquisition until the date when the asset is available for use.</td></tr><tr><td>Der foretages lineære afskrivninger over den forventede brugstid, baseret på følgende vurdering af aktivernes for- ventede brugstider</td><td>Depreciation is provided on a straight-line basis over the expected useful lives of the assets, which are as follows</td></tr><tr><td>Levetid</td><td>Life</td></tr><tr><td>Bygninger</td><td>Buildings</td></tr><tr><td>25-50 år</td><td>25-50 years</td></tr><tr><td>Andre anlæg, driftsmateriel og inventar</td><td>Fixtures and fittings, plant and equipment</td></tr><tr><td>3-10 år</td><td>3-10 years</td></tr><tr><td>Indretning af lejede lokaler</td><td>Leasehold improvements</td></tr><tr><td>5-15 år</td><td>5-15 years</td></tr><tr><td>Andre anlæg, driftsmateriel og inventar herunder leasingbiler nedskrives til en vurderet markedsværdi ved kontraktudløb.</td><td>Fixtures and fittings, plant and equipment, including leasing cars are written down to an estimated market value on expiry of the contract.</td></tr><tr><td>Materielle anlægsaktiver nedskrives til genindvindingsværdien, såfremt denne er lavere end den regnskabsmæssige værdi. Der foretages nedskrivningstest af hvert enkelt aktiv henholdsvis grupper af aktiver, når der er indikationer på værdiforringelse.</td><td>Property, plant and equipment are written down to the recoverable amount if this is lower than the carrying amount. Impairment tests are conducted on individual assets or groups of assets when there is evidence of impairment.</td></tr><tr><td>Fortjeneste eller tab opgøres som forskellen mellem salgspris med fradrag af salgsomkostninger og den regnskabsmæssige værdi på salgstidspunktet. Fortjeneste og tab ved salg af materielle aktiver indregnes i resultatopgørelsen under hen- holdsvis andre driftsindtægter og andre driftsomkostninger.</td><td>Gains and losses on the disposal of property, plant and equipment are calculated as the difference between the selling price less selling costs and the carrying amount at the date of disposal. Gains and losses are recognised in the income statement as other operating income or other operating expenses, respectively.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Finansielle anlægsaktiver</td><td>Investments</td></tr><tr><td>Kapitalandele i dattervirksomheder og kapitalinteresser Kapitalandele i dattervirksomheder og kapitalinteresser måles efter den indre værdis metode.</td><td>Investments in subsidiaries and equity interests Investments in subsidiaries and equity interests are measured according to the equity method.</td></tr><tr><td>Kapitalandele i dattervirksomheder og kapitalinteresser måles i balancen til den forholdsmæssige andel af virksomhedernes indre værdi opgjort efter modervirksomhedens regnskabspraksis med fradrag eller tillæg af urealiserede koncerninterne avancer og tab og med tillæg af resterende værdi af goodwill opgjort efter overtagelsesmetoden.</td><td>Investments in subsidiaries and equity interests are measured in the balance sheet at the proportionate share of the enterprises' net asset value determined in accordance with the parent company's accounting policies less or plus unrealised intra- group gains and losses plus the remaining value of goodwill computed according to the purchase method.</td></tr><tr><td>Nettoopskrivning af kapitalandele i dattervirksomheder og kapitalinteresser overføres under egenkapitalen til reserve for nettoopskrivning efter den indre værdis metode, i det omfang den regnskabsmæssige værdi overstiger kostprisen. Udbytter fra dattervirksomheder, der forventes modtaget inden godkendelse af årsrapporten for Fleggaard Holding A/S, bindes ikke på opskrivningsreserven.</td><td>Net revaluations of investments in subsidiaries and equity interests are transferred to the net revaluation reserve according to the equity method in so far as the carrying amount exceeds cost. Dividends from subsidiaries which are expected to be received before the annual report of Fleggaard Holding A/S is adopted are not taken to the net revaluation reserve.</td></tr><tr><td>Ved køb af dattervirksomheder anvendes overtagelsesmetoden, jf. beskrivelse ovenfor under koncernregnskabet.</td><td>The purchase method of accounting is applied to corporate acquisitions, see the above description under "Consolidated financial statements".</td></tr><tr><td>Finansielle leasingaktiver og købekontrakter</td><td>Asset held under finance lease and purchase contracts</td></tr><tr><td>Virksomheden har som fortolkningsbidrag for klassifikation og indregning af leasingkontrakter valgt IAS 17.</td><td>The Company has chosen IAS 17 as interpretation for classifi- cation and recognition of leases.</td></tr><tr><td>Finansielle leasingaktiver, der består af finansielle leasingkon- trakter, som virksomheden planlægger at beholde til udløb, måles til nettoinvesteringen svarende til nutidsværdien af leasingaftalens betalingsstrømme inkl. Garanteret restværdi ved udløb af leasingkontrakten. Som diskonteringsfaktor an- vendes den implicitte rente, svarende til leasingkontraktens interne rente.</td><td>Assets held under finance lease which comprise finance lea- ses, which the company intends to hold to maturity are me- asured at the net investment, corresponding to the present value of the lease agreement’s cash flows, including guaran- teed residual value on expiry of the lease agreement. The interest implicit is used as discount factor, corresponding to the interest implicit in the lease agreement.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Andre kapitalandele og andre værdipapirer</td><td>Other equity investments and other securities</td></tr><tr><td>Andre kapitalandele og andre værdipapirer måles til kostpris.</td><td>Other equity investments and other securities are measured at cost.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Værdiforringelse af aktiver</td><td>Impairment of assets</td></tr><tr><td>Den regnskabsmæssige værdi af immaterielle og materielle anlægsaktiver samt kapitalandele i dattervirksomheder og associerede virksomheder vurderes årligt for indikationer på værdiforringelse, ud over det som udtrykkes ved afskrivning.</td><td>The carrying amount of intangible assets, property, plant and equipment and investments in subsidiaries and associates is tested annually for evidence of impairment other than the decrease in value reflected by amortisation/depreciation.</td></tr><tr><td>Foreligger der indikationer på værdiforringelse, foretages nedskrivningstest af hvert enkelt aktiv henholdsvis gruppe af aktiver. Der foretages nedskrivning til genindvindingsværdien, hvis denne er lavere end den regnskabsmæssige værdi.</td><td>Impairment tests are conducted on individual assets or groups of assets when there is evidence of impairment. The carrying amount of impaired assets is reduced to the higher of the net selling price and the value in use (recoverable amount).</td></tr><tr><td>Som genindvindingsværdi anvendes den højeste værdi af nettosalgspris og kapitalværdi. Kapitalværdien opgøres som nutidsværdien af de forventede nettopengestrømme fra anvendelsen af aktivet eller aktivgruppen.</td><td>The recoverable amount is the higher of the net selling price of an asset and its value in use. The value in use is determined as the present value of the anticipated net cash flows from the use of the asset or group of assets.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Varebeholdninger</td><td>Inventories</td></tr><tr><td>Varebeholdninger måles til kostpris og opgøres til vejede gennemsnitspriser. Er nettorealisationsværdien lavere end kostprisen, nedskrives til denne lavere værdi.</td><td>Inventories are measured at cost and are computed at weighted average prices. Where the net realisable value is lower than cost, inventories are written down to this lower value.</td></tr><tr><td>Kostpris for handelsvarer samt råvarer og hjælpematerialer omfatter anskaffelsespris med tillæg af hjemtagelsesom- kostninger.</td><td>Goods for resale and raw materials and consumables are measured at cost, comprising purchase price plus delivery costs.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Tilgodehavender</td><td>Equity – dividends</td></tr><tr><td>Tilgodehavender måles til amortiseret kostpris. Der nedskrives til imødegåelse af forventede tab.</td><td>Dividend proposed for the year is recognised as a liability at the date it is adopted at the annual general meeting (declaration date).</td></tr><tr><td>Virksomheden har valgt IAS 39 som fortolkningsbidrag for nedskrivninger af finansielle tilgodehavender.</td><td>Receivables</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Periodeafgrænsningsposter</td><td>Receivables are measured at amortised cost. Write-down is made for bad debt losses.</td></tr><tr><td>Periodeafgrænsningsposter, indregnet under aktiver, omfatter afholdte omkostninger vedrørende efterfølgende regnskabsår.</td><td>The Company has chosen IAS 39 as interpretation for impairment write-down of financial receivables.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Periodeafgrænsningsposter</td><td>Deferred income</td></tr><tr><td>Periodeafgrænsningsposter, indregnet under forpligtelser, omfatter modtagne betalinger vedrørende indtægter i de efterfølgende år.</td><td>Deferred income comprises payments received concerning income in subsequent years.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Egenkapital – udbytte</td><td>Prepayments</td></tr><tr><td>Foreslået udbytte indregnes som en forpligtelse på tidspunktet for vedtagelse på den ordinære generalforsamling (deklare- ringstidspunktet).</td><td>Prepayments comprise costs incurred concerning subsequent financial years.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Reserve for nettoopskrivning efter indre værdis metode</td><td>Reserve for net revaluation according to the equity method</td></tr><tr><td>Reserve for nettoopskrivning efter indre værdi omfatter nettoopskrivning af kapitalandele i datter- og associerede virksomheder i forhold til kostpris.</td><td>Net revaluation of investments in subsidiaries and associates is recognised at cost in the reserve for net revaluation according to the equity method.</td></tr><tr><td>Reserven kan elimineres ved underskud, realisation af kapi- talandele eller ændring i regnskabsmæssige skøn.</td><td>The reserve can be eliminated in case of losses, realisation of investments or a change in accounting estimates.</td></tr><tr><td>Reserven kan ikke indregnes med et negativt beløb.</td><td>The reserve cannot be recognised at a negative amount.</td></tr><tr><td>Reserve for sikringstransaktioner</td><td>Translation reserve</td></tr><tr><td>Reserve for sikringstransaktioner indeholder den akkumulerede nettoændring i dagsværdien af sikringstransaktioner, der op- fylder kriterierne for sikring af den fremtidige betalingsstrøm- me, og hvor den sikrede transaktion endnu ikke er realiseret. Reserven opløses, når den sikrede transaktion realiseres, hvis de sikrede pengestrømme ikke længere forventes realiseret, eller sikringsforholdet ikke længere er effektivt. Reserven for sikringstransaktioner repræsenterer ikke en selskabsretlig binding og kan derfor udgøre et negativt beløb.</td><td>The translation reserve comprises the share of foreign exchange differences arising on translation of financial statements of entities that have a functional currency other than DKK, foreign exchange adjustments of assets and liabilities considered part of the Company's net investments in such entities and foreign exchange adjustments regarding hedging transactions that hedge the Company's net investments in such entities. The reserve is dissolved on the sale of foreign entities or if the conditions for effective hedging no longer exist. When equity investments in group entities and associates and participating interests in the parent company financial statements are subject to the limitation requirement in the net revaluation reserve according to the equity method, foreign exchange adjustments will be included in this equity reserve instead.</td></tr><tr><td>Reserve for valutakursreguleringer</td><td>Hedging reserve</td></tr><tr><td>Reserve for valutakursreguleringer omfatter kursreguleringer vedrørende aktiver og forpligtelser, der anses som en del af virksomhedens nettoinvesteringer og kursreguleringer vedrø- rende sikringstransaktioner, der valutakurssikrer virksomhedens nettoinvesteringer. Reserven opløses, når nettoinvesteringen realiseres. Reserven repræsenterer ikke en selskabsretlig binding og kan derfor udgøre et negativt beløb.</td><td>The hedging reserve comprises the cumulative net change after tax in the fair value of hedging transactions that qualify for recognition as a cash flow hedge and where the hedged transaction has not yet been realised. The reserve is dissolved when the hedged transaction is realised, if the hedged cash flows are no longer expected to be realised or if the hedging relationship is no longer effective. The reserve does not represent a limitation under company law and may therefore be negative.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Selskabsskat og udskudt skat</td><td>Income tax and deferred tax</td></tr><tr><td>Aktuelle skatteforpligtelser indregnes i balancen som beregnet skat af årets forventede skattepligtige indkomst, reguleret for skat af tidligere års skattepligtige indkomster samt betalte acontoskatter.</td><td>Current tax liabilities are recognised in the balance sheet as tax on estimated taxable income for the year, adjusted for tax on taxable incomes for prior years and for taxes paid on account.</td></tr><tr><td>Hensættelse til udskudt skat beregnes af alle midlertidige forskelle mellem regnskabsmæssige og skattemæssige værdier bortset fra midlertidige forskelle, som opstår på anskaffelses- tidspunktet for aktiver og forpligtelser, og som hverken påvirker resultat eller den skattepligtige indkomst, samt midlertidige forskelle på ikke-afskrivningsberettiget goodwill.</td><td>Provisions for deferred tax are calculated on all temporary differences between the carrying amount and the tax value, with the exception of temporary differences occurring at the time of acquisition of assets and liabilities neither affecting the results of operations nor the taxable income, and temporary differences on non-amortisable goodwill.</td></tr><tr><td>Udskudte skatteaktiver indregnes med den værdi, som de forventes at blive udnyttet med, enten ved udligning i skat af fremtidig indtjening eller ved modregning i udskudte skat- teforpligtelser.</td><td>Deferred tax assets are recognised at the expected value of their utilisation; either as a set-off against tax on future income or as a set-off against deferred tax liabilities.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Hensatte forpligtelser</td><td>Provisions</td></tr><tr><td>Hensatte forpligtelser omfatter forventede omkostninger til garantiforpligtelser m.v. Hensatte forpligtelser indregnes, når koncernen som følge af en tidligere begivenhed har en retlig eller faktisk forpligtelse, og det er sandsynligt, at indfrielse af forpligtelsen vil medføre et forbrug af selskabets økonomiske ressourcer.</td><td>Provisions comprise anticipated costs related to warranties, etc. Provisions are recognised when, as a result of past events, the Group has a legal or a constructive obligation and it is probable that there may be an outflow of resources embodying economic benefits to settle the obligation.</td></tr><tr><td>Garantiforpligtelser omfatter forpligtelser til udbedring af arbejder inden for garantiperioden. De hensatte forpligtelser måles til nettorealisationsværdi og indregnes på baggrund af erfaringerne med garantiarbejder.</td><td>Warranty commitments include expenses for remedial action in respect of work within the warranty period. Provisions are measured at net realisable value and recognised based on past experience.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Gældsforpligtelser</td><td>Liabilities</td></tr><tr><td>Gæld til kreditinstitutter indregnes ved låneoptagelse til det modtagne provenu efter fradrag af afholdte transaktions- omkostninger. I efterfølgende perioder måles de finansielle forpligtelser til amortiseret kostpris, svarende til den kapitali- serede værdi ved anvendelse af den effektive rente, således at forskellen mellem provenuet og den nominelle værdi indregnes i resultatopgørelsen over låneperioden.</td><td>Payables to credit institutions are recognised at the date of borrowing at the net proceeds received less transaction costs. In subsequent periods, the financial liabilities are measured at amortised cost, corresponding to the capitalised value using the effective interest rate. Accordingly, the difference between the proceeds and the nominal value is recognised in the income statement over the term of the loan.</td></tr><tr><td>Øvrige gældsforpligtelser måles til nettorealisationsværdi.</td><td>Other liabilities are measured at net realisable value.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Dagsværdi</td><td>Fair value</td></tr><tr><td>Dagsværdiansættelsen tager udgangspunkt i det primære marked. Hvis et primært marked ikke eksisterer, tages ud- gangspunkt i det mest fordelagtige marked, som er det marked, som maksimerer prisen på aktivet eller forpligtelsen fratrukket transaktions- og/eller transportomkostninger.</td><td>Fair value is determined based on the principal market. If no principal market exists, the fair value is based on the most advantageous market, i.e. the market that maximises the price of the asset or liability less transaction and/or transport costs.</td></tr><tr><td>Alle aktiver og forpligtelser, som måles til dagsværdi, eller hvor dagsværdien oplyses, er kategorisret efter dagsværdihierarkiet, som er beskrevet nedenfor</td><td>All assets and liabilities that are measured at fair value or whose fair value is disclosed are classified based on the fair value hierarchy, see below</td></tr><tr><td>Niveau 1: Værdi opgjort ud fra dagsværdien på tilsvarende aktiver/forpligtelser på et velfungerende marked</td><td>Level 1: Value based on the fair value of similar assets/ liabilities in an active market.</td></tr><tr><td>Niveau 2: Værdi opgjort ud fra anerkendte værdiansættelses- metoder på baggrund af observerbare markedsin- formationer.</td><td>Level 2: Value based on generally accepted valuation methods on the basis of observable market information.</td></tr><tr><td>Niveau 3: Værdi opgjort ud fra anerkendte værdiansættelses- metoder og rimelige skøn foretages på baggrund af ikke-observerbare markedsinformationer.</td><td>Level 3: Value based on generally accepted valuation methods and reasonable estimates based on non-observable market information.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Pengestrømsopgørelse</td><td>Cash flow statement</td></tr><tr><td>Med henvisning til ÅRL §86, stk. 4, udarbejdes ikke pengestrøm- sopgørelse for modervirksomheden, da modervirksomhedens pengestrømme indgår i den samlede pengestrømsopgørelse for koncernen.</td><td>With reference to section 86(4) of the Danish Financial Statements Act, no cash flow statement is prepared for the parent company, as its cash flows are reflected in the consolidated cash flow statement.</td></tr><tr><td>Pengestrømsopgørelsen viser koncernens pengestrømme for- delt på drifts-, investerings- og finansieringsaktivitet for året, årets forskydning i likvider samt koncernens likvider ved årets begyndelse og slutning.</td><td>The cash flow statement shows the Group's cash flows from operating, investing and financing activities for the year, the year's changes in cash and cash equivalents as well as the Group's cash and cash equivalents at the beginning and end of the year.</td></tr><tr><td>Likviditetsvirkningen af køb og salg af virksomheder vises separat under pengestrømme fra investeringsaktivitet. I pengestrømsop- gørelsen indregnes pengestrømme vedrørende købte virksomheder fra anskaffelsestidspunktet, og pengestrømme vedrørende solgte virksomheder indregnes frem til salgstidspunktet.</td><td>The cash flow effect of acquisitions and disposals of entities is shown separately in cash flows from investing activities. Cash flows from corporate acquisitions are recognised in the cash flow statement from the date of acquisition. Cash flows from disposals of entities are recognised up until the date of disposal.</td></tr><tr><td>Pengestrøm fra driftsaktivitet</td><td>Cash flows from operating activities</td></tr><tr><td>Pengestrømme fra driftsaktivitet opgøres som koncernens andel af resultatet reguleret for ikke-kontante driftsposter, ændring i driftskapital samt betalt selskabsskat.</td><td>Cash flows from operating activities are calculated as the Group's share of the profit/loss adjusted for non-cash operating items, changes in working capital and corporation tax paid.</td></tr><tr><td>Modtagne renter klassificeres som pengestrømme fra drifts- aktivitet.</td><td>Interest received is classified as cash flows from operating activities.</td></tr><tr><td>Pengestrøm fra investeringsaktivitet</td><td>Cash flows from investing activities</td></tr><tr><td>Pengestrømme fra investeringsaktivitet omfatter betaling i forbindelse med køb og salg af virksomheder og aktiviteter samt køb og salg af immaterielle, materielle og finansielle anlægsaktiver.</td><td>Cash flows from investing activities comprise payments in connection with establishment, acquisitions and disposals of enterprises and activities and of intangible assets, property, plant and equipment and investments.</td></tr><tr><td>Pengestrøm fra finansieringsaktivitet</td><td>Cash flows from financing activities</td></tr><tr><td>Pengestrømme fra finansieringsaktivitet omfatter ændringer i størrelse eller sammensætning af koncernens aktiekapital og omkostninger forbundet hermed samt optagelse af lån, afdrag på rentebærende gæld samt betaling af udbytte til selskabsdeltagere.</td><td>Cash flows from financing activities comprise changes in the size or composition of the Group's share capital and related costs as well as the raising of loans, repayment of interestbearing debt, and payment of dividends to shareholders.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td>Likvider</td><td>Cash and cash equivalents</td></tr><tr><td>Likvider omfatter likvide beholdninger.</td><td>Cash and cash equivalents comprise cash at bank and in hand.</td></tr><tr><td>Indestående på koncernens cash pool-ordning anses som følge af ordningens karakter ikke som likvide beholdninger, men indgår i moderselskabet i regnskabsposten tilgodehavender henholdsvis gæld hos tilknyttede virksomheder.</td><td>Considering the nature of the scheme, account balances relating to the Group's cash pool scheme are not considered cash and cash equivalents, but are included in the Parent Company’s financial statement items receivables from group entities and payables from group entities, respectively.</td></tr></table> Årsrapport 30700228 EY Godkendt revisionspartnerselskab Cortex Park Vest 3 5230 Odense M xWizard version 1.1.1323.0, by EasyX Aps. www.easyx.eu 2022-10-01 2023-09-30 Revisionspåtegning Grundlag for konklusion Konklusion 6988926000 5614182000 -4483000 0 219458000 1159769000 474935000 295315000 389519000 0 6000 0 17283000 69166000 337642000 90342000 247300000 -6599407000 295315000 -4452000 -148776000 531606000 17283000 69166000 143903000 335820000 5171000 56000 464397000 154478000 1679519000 1654279000 0 6000 -340268000 321903000 1353000 172400000 5185000 737000 1233 397349000 60281000 2080000 15225000 0 17283000 69907000 -5004000 25439000 3600000 700000 700000 5000000 463900000 0.06 0.09 0.17 0.61 0.42 0.13 56682000 1044000 0 0 4506000 51132000 36180000 3608000 11344000 192877000 0 3755000 120228000 82142000 246062000 10665000 235397000 -18333000 -2951000 148350000 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="2" align="left" valign="middle" >Noter</td></tr><tr><td colspan="2"></td></tr><tr><td width="61%" ></td><td width="39%" colspan="1" align="left" valign="middle" >Nettoomsætning</td></tr><tr><td width="61%" ></td><td width="39%" colspan="1" align="left" valign="middle" >Revenue</td></tr><tr><td width="61%" ></td><td width="39%" colspan="1" align="left" valign="middle" >Nettoomsætningen opdeles ikke i segmenter og produkter på grund af konkurrencemæssige forhold jf. årsregnskabslovens §96 stk. 1</td></tr><tr><td colspan="2"></td></tr><tr><td width="61%" ></td><td width="39%" colspan="1" align="left" valign="middle" >For competitive reasons, revenue is not broken down on seg- ments and products; see section 126(1) of the Danish Financial Statements Act.</td></tr><tr><td colspan="2"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Andre driftsindtægter</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Other operating income</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="20%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Gevinst ved salg af anlægsaktiver</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Profit on the sale of fixed assets</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Øvrige driftsindtægter</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Other operating income</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Andre driftsindtægter i alt</td><td width="20%" colspan="1" align="left" valign="middle" ><b>-</b></td><td width="20%" colspan="1" align="left" valign="middle" ><b>-</b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Total other operating income</td></tr><tr><td colspan="5"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Personaleomkostninger</td></tr><tr><td /><td>Staff costs</td></tr></table> 22 33502000 1201000 135000 1342000 0 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Vederlag til direktion og bestyrelse er ikke oplyst under henvisning til årsregnskabslovens §98 b, stk. 3, pkt.2.</td></tr><tr><td /><td>Remuneration of the Executive Board and the Board of Directors is not disclosed. Reference is made to section 98b, subsection 3, paragraph 2 of the Financial Statement Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Af- og nedskrivninger</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Amortisation, depreciation and impairment losses</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="20%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Goodwill</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Goodwill</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Erhvervede immaterielle anlægsaktiver</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Acquired intangible assets</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Grunde og bygninger</td><td width="20%" align="right" valign="middle" >3.559</td><td width="20%" align="right" valign="middle" >3.493</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Land and buildings</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Andre anlæg, driftsmateriel og inventar</td><td width="20%" align="right" valign="middle" >49</td><td width="20%" align="right" valign="middle" >51</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Fixtures and fittings, plant and equipment</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Af- og nedskrivninger i alt</td><td width="20%" align="left" valign="middle" ><b>3.608</b></td><td width="20%" align="left" valign="middle" ><b>3.544</b></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Total Amortisation, depreciation and impairment losses</td></tr><tr><td colspan="5"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Finansielle indtægter</td></tr><tr><td /><td>Financial income</td></tr></table> 120197000 31000 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Skat af årets resultat</td></tr><tr><td /><td>Tax for the year</td></tr></table> 10756000 3000 -94000 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Immaterielle anlægsaktiver</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Materielle anlægsaktiver</td></tr><tr><td /><td>Propery, plant and equipment</td></tr><tr><td /><td /><td>Koncern</td><td>Koncern</td><td>Moderselskab</td><td>Moderselskab</td></tr><tr><td /><td /><td>Group</td><td>Group</td><td>Parent</td><td>Parent</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Finansielle anlægsaktiver</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Investments</td></tr><tr><td colspan="4"></td></tr><tr><td width="25%" ></td><td width="25%" ></td><td width="25%" colspan="1" align="left" valign="middle" >Kapitalandele i dattervirksomheder</td><td width="25%" colspan="1" align="left" valign="middle" >Andre kapitalandele</td></tr><tr><td width="25%" ></td><td width="25%" ></td><td width="25%" colspan="1" align="left" valign="middle" >Investments in subsidiaries</td><td width="25%" colspan="1" align="left" valign="middle" >Other equity investments</td></tr><tr><td width="25%" ></td><td width="25%" ></td><td width="25%" colspan="1" align="left" valign="middle" >2023/24</td><td width="25%" colspan="1" align="left" valign="middle" >2023/24</td></tr><tr><td width="25%" ></td><td width="25%" ></td><td width="25%" colspan="1" align="left" valign="middle" >tkr.</td><td width="25%" colspan="1" align="left" valign="middle" >tkr.</td></tr><tr><td colspan="4"></td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Anskaffelsessum 1. oktober 2023</td><td width="25%" align="right" valign="middle" >499759</td><td width="25%" align="right" valign="middle" >1449</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Cost at 1 October 2023</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Tilgang til kostpriser</td><td width="25%" align="right" valign="middle" >24543</td><td width="25%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Additions to cost</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Afgang til kostpriser</td><td width="25%" align="right" valign="middle" >-18733</td><td width="25%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Disposals at costs</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Anskaffelsessum 30. september 2024</td><td width="25%" align="right" valign="middle" >505569</td><td width="25%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Cost at 30 September 2024</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Op- og nedskrivninger 1. oktober 2023</td><td width="25%" align="right" valign="middle" >840684</td><td width="25%" align="right" valign="middle" >-1449</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Amortisation and impairment losses at 1 October 2023</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Kursreguleringer</td><td width="25%" align="right" valign="middle" >2951</td><td width="25%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Foreign exchange adjustments</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Årets værdiregulering</td><td width="25%" align="right" valign="middle" >-18333</td><td width="25%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Value adjustments for the year</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Afskrivning koncerngoodwill</td><td width="25%" align="right" valign="middle" >-8343</td><td width="25%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Amortisation of goodwill on consolidation</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Årets resultat</td><td width="25%" align="right" valign="middle" >201220</td><td width="25%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Profit/loss for the year</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Udbetalt udbytte</td><td width="25%" align="right" valign="middle" >-118100</td><td width="25%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Dividend distribution</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Op- og nedskrivninger 30. september 2024</td><td width="25%" align="right" valign="middle" >900079</td><td width="25%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Amortisation and impairment losses at 30 September 2024</td></tr><tr><td colspan="4"></td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Bogført værdi 30. september 2024</td><td width="25%" align="right" valign="middle" >1405648</td><td width="25%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Carrying amount at 30 September 2024</td></tr><tr><td width="50%" colspan="2" align="left" valign="middle" >Heraf udgør koncerngoodwill</td><td width="25%" align="right" valign="middle" >15804</td><td width="25%" ></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Hereof group goodwill</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Kapitalandele fremgår af note 23.</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Investments are specified in note 23.</td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Et datterselskab har i regnskabsåret udført nedskrivningstest vedrørende den indregnede goodwill, som indgår i kapitalandele i tilknyttede virksomheder i en underkoncern, og er knyttet til aktiviteterne i virksomheden Click Entertainment Limited Ltd. Nedskrivningstesten gav anledning til at foretage nedskrivning af den regnskabsmæssige værdi med 15 mio. DKK. På grund af markedssituationen på de finansielle markeder er der flere væsentlige forudsætninger som for nedskrivningstesten er forbundet for-ventninge med stor usikkerhed, herunder især ledelsens til virksomhedens omsætning og indtjening i de kommende år. Såfremt de anvendte forudsætninger udvikler sig negativt kan der opstå behov for at foretage nedskrivning i kommende regnskabsår.</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >In the financial year, a subsidiary has performed an impairment test regarding the recognised goodwill, which is recognised in equity interests in group entities of subgroup, and which relates to the activities in the company Click Entertainment Limited Ltd. The impairment test gave rise to an impairment write-down of the carrying amount of DKK 15.0 million. Due to the present situation in the financial markets, several key assumptions for the impairment test are associated with significant uncertainty, including in particular Management's expectations as to the Company's revenue and earnings in the coming years. In the case that the assumptions used develop negatively, impairment losses may need to be recognised in the coming financial years.</td></tr><tr><td colspan="4"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Andre tilgodehavender</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >.Other receivables</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Andre tilgodehavender vedrører leverandørbonus vedrørende varekøb, moms og øvrige tilgodehavender.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Other receivables relate to supplier bonus regarding purchase of goods, VAT and other receivables.</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Udskudte skatteaktiver</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax asssets</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >2023/24</td><td width="20%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Udskudt skat 1. oktober</td><td width="20%" align="right" valign="middle" >9918</td><td width="20%" align="right" valign="middle" >8360</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax assets at 1 October</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Årets regulering af udskudt skat</td><td width="20%" align="right" valign="middle" >94</td><td width="20%" align="right" valign="middle" >1558</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax asset adjustment for the year</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Udskudt skat 30. september</td><td width="20%" align="right" valign="middle" >10012</td><td width="20%" align="right" valign="middle" >9918</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax at 30 September</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Moderselskabet har pr. 30. september 2024 indregnet skatteaktiv på i alt 10.012 mDKK. Skatteaktivet vedrører uudnyttede skattemæssige fradrag i form af tidsmæssige forskelle på 10.012 mDKK. Ledelsen har på baggrund af budget for 2024/25 vurderet det sandsynligt, at der vil være fremtidig uudnyt-ted skattepligtig indkomst til rådighed, hvori skattemæssige fradrag kan udnyttes.</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >At 30 September 2024, the Parent Company recognised a tax asset totalling DKK 10,012 million. The tax asset relates to unutilised tax deductions in the form of timing differences of DKK 10,012 million. Based on the budget for 2024/25, Management considers it likely that there will be future taxable income against which unutilised tax deductions can be offset.</td></tr><tr><td colspan="5"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Periodeafgrænsningsposter</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Prepayments</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Periodeafgrænsningsposter omkost-ninge vedrører forudbetalte vedrørende køb af EDB udstyr, forsikringspræmier, vægtafgift og øvrige periodiserede omkostninger.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Prepayments consist of prepaid costs relating to purchase of computer equipment, insurance premiums, motor vehicle tax and other accrued expenses.</td></tr><tr><td colspan="1"></td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Periodeafgrænsningsposter</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Deferred income</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Periodeafgrænsningsposter under forpligtelser består af modtagne efterføl-gend indtægter fra kunder, vedrørende det regnskabsår.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Deferred income under liabilities consists of revenue concerning subsequent financial years.</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Selskabskapital</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Share capital</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Selskabskapitalen består af</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >4 aktier á 368.800 kr.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >2 aktier á 111.308 kr.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >1 aktie á 89.300 kr.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >1 aktie á 7.434 kr.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >1 aktie á 450 kr.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Ingen aktier har særlige rettigheder.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Selskabskapitalen er uændret de seneste 5 år.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The share capital comprises</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >4 shares of DKK 368,800 each</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >2 shares of DKK 111,308 each</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >1 share of DKK 89,300 each</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >1 share of DKK 7,434 each</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >1 share of DKK 450 each</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >No share confers any special rights upon any shareholder.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The share capital has remained unchanged for the past 5 years.</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Resultatdisponering</td></tr><tr><td /><td>Profit appropriation</td></tr></table> 74777000 160620000 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Udskudt skat</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td><td width="40%" colspan="2" align="left" valign="middle" >2023/24 2022/23</td></tr><tr><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Udskudt skat 1. oktober</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax at 1 October</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Tilgang ved køb af tilknyttet virksomhed</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Additions on the acquisition of group entity</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Årets regulering af udskudt skat</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax adjustment for the year</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Udskudt skat 30. september</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Deferred tax at 30 September</td></tr><tr><td colspan="5"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Garantiforpligtelser</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Warranty provisions</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td><td width="40%" colspan="2" align="left" valign="middle" >2023/24 2022/23</td></tr><tr><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Saldo 1. oktober</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Warranty provisions at 1 October</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Årets hensættelse</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Provision for the year</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Årets forbrug af hensættelser</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Utilised during the year</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Garantiforpligtelser 30. september</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Warranty provisions at 30 September</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Forfaldstidspunkterne for garantiprovision forventes at blive</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Warranty provisions are expected to mature within</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >0-1 år</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >0-1 year</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >>1 år</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >>1 år</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Forfald i alt</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Total mature</td></tr><tr><td colspan="5"></td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Øvrige forpligtelser</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Other provisions</td></tr><tr><td colspan="5"></td></tr><tr><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td><td width="40%" colspan="2" align="left" valign="middle" >2023/24 2022/23</td></tr><tr><td width="20%" ></td><td width="20%" ></td><td width="20%" ></td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td><td width="20%" colspan="1" align="left" valign="middle" >tkr.</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Saldo 1. oktober</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Other provisions at 1 October</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Årets hensættelse</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Provision for the year</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Årets forbrug af hensættelser</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Utilised during the year</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Årets ubenyttede hensættelser, der er tilbageført</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Utilised during the year, reversal</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Øvrige forpligtelser 30. september</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Other provisions at 30 September</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Forfaldstidspunkterne for øvrige forpligtelser forventes at blive</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Other provisions are expected to mature within</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >0-1 år</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >0-1 year</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >>1 år</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >>1 år</td></tr><tr><td width="60%" colspan="3" align="left" valign="middle" >Forfald i alt</td><td width="20%" colspan="1" align="left" valign="middle" >-</td><td width="20%" colspan="1" align="left" valign="middle" >-</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Total mature</td></tr><tr><td colspan="5"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" >Kapitalandele</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Investments</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Kapitalandele i tilknyttede virksomheder</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Investments in group entities</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Fleggaard Detail A/S, Kruså</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Fleggaard GmbH, Harrislee</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >DanDiscount GmbH, Harrislee</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Dangaard Group A/S, Padborg</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Dangaard Group Polska asp. z.o.o.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Click Entertainment LTD, Croydon</td></tr><tr><td width="66%" colspan="2" align="left" valign="middle" >Click Entertainment USA Inc, Miami</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="66%" colspan="2" align="left" valign="middle" >Famobra A/S, Kruså</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Calle Aventoft GmbH & Co. KG, Harrislee</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Calle Estonia OÜ, Tallin</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Fleggaard Leasing A/S, Padborg</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Direkte ejerandel | Direct investment</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Forza Leasing A/S, Hillerød</td><td width="33%" align="right" valign="middle" >100</td><td width="34%" colspan="1" align="left" valign="middle" >Indirekte ejerandel | Indirect investment</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Ejendomsselskabet Industrivej 1, Padborg ApS, Kruså</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Fleggaard Homeparts A/S, Kruså</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Fleggaard Auto GmbH, Harrislee</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Fleggaard IT ApS, Kruså</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Strandparken A/S, Kruså</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Fleggaard Finans A/S, Kruså</td></tr><tr><td colspan="3"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Sikkerhedsstillelser og eventualposter</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Collateral and contigent liabilities</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Sikkerhedsstillelser</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Virksomheden har stillet kaution for koncernens samlede gæld til pengeinstitutter, maks. 2. 114.300 t.DKK. Der er på balancedagen en restgæld på 1.651. 192 t.DKK.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Fleggaard tredjem-an Holding A/S har stillet garantier over for med 26,8 mio. kr. (2022/23: 21,7 mio.kr.)</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Fleggaard moderselska-be Holding A/S er sambeskattet med Aktieselskabet Fladkær (Administrationsselskab) og hæfter solidarisk med øvrige sambeskattede selskaber for betaling roya-litie af selskabsskat samt for kildeskat på renter, og udbytter, som forfalder til betaling.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Fleggaard Holding A/S har afgivet støtteerklæring overfor tilknyttede virksomheder.</td></tr><tr><td colspan="1"></td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" >Oplysning om nærtstående parter og transaktioner med disse</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Related party transactions</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Fleggaard Ak-tieselskabe Holding A/S' nærtstående parter omfatter Fladkær A/S og tilknyttede virksomheder, som omtalt i note 23 samt selskabernes bestyrelse og direktion.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Fleggaard Holding A/S' related parties include Aktieselskabet Fladkær A/S and subsidiaries as mentioned in note 23 as well as the companies’ Executive Boards and Boards of Directors.</td></tr><tr><td colspan="3"></td></tr><tr><td width="33%" ></td><td width="33%" colspan="1" align="left" valign="middle" >2023/24</td><td width="34%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="33%" ></td><td width="33%" colspan="1" align="left" valign="middle" >tkr.</td><td width="34%" colspan="1" align="left" valign="middle" >tkr.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Transaktioner med nærtstående parter</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Related party transactions</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Nettoomsætning</td><td width="33%" align="right" valign="middle" >7366</td><td width="34%" align="right" valign="middle" >8076</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Revenue</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Management fee og licens</td><td width="33%" align="right" valign="middle" >49316</td><td width="34%" align="right" valign="middle" >42484</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Management fee and license</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Renteindtægter fra tilknyttede virksomheder</td><td width="33%" align="right" valign="middle" >120197</td><td width="34%" align="right" valign="middle" >93272</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Interest income from group entities</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Køb af leasingydelser</td><td width="33%" align="right" valign="middle" >727</td><td width="34%" align="right" valign="middle" >559</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Purchase of lease payments</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Køb af andre eksterne omkostninger</td><td width="33%" align="right" valign="middle" >208</td><td width="34%" align="right" valign="middle" >135</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Purchase of other external expenses</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Tilgodehavende hos tilknyttede virksomheder</td><td width="33%" align="right" valign="middle" >2290380</td><td width="34%" align="right" valign="middle" >2492859</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Receivable from subsidiaries</td></tr><tr><td width="33%" colspan="1" align="left" valign="middle" >Gæld til tilknyttede virksomheder</td><td width="33%" align="right" valign="middle" >285067</td><td width="34%" align="right" valign="middle" >251077</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Payables to subsidiaries</td></tr><tr><td colspan="3"></td></tr></table> 50560000 358000 0 0 3079000 47123000 35263000 3544000 8316000 215188000 6000 0 93280000 65392000 251398000 8665000 242733000 19 32759000 1084000 119000 1301000 0 93272000 8000 10218000 6000 -1559000 151864000 12827000 164691000 281968000 972126000 1254094000 0 45000 1551143000 1551188000 2969973000 798129000 798129000 301349000 0 19641000 258445000 14000 38844000 14611000 632904000 3817000 1434850000 4404823000 1795000 0 15333000 8866000 1980537000 2006531000 138002000 13700000 151702000 699000 699000 1651192000 23068000 445054000 0 1372000 117820000 7385000 2245891000 2246590000 4404823000 3817000 201533000 10158000 211691000 310514000 923243000 1233757000 0 45000 1583059000 1583104000 3028552000 928556000 928556000 273622000 0 43224000 232744000 14000 25993000 17787000 593384000 1998000 1523938000 4552490000 1795000 0 33666000 5915000 1891807000 1933183000 103745000 18254000 121999000 676000 676000 1900119000 40158000 429795000 0 1617000 112441000 12502000 2496632000 2497308000 4552490000 1998000 0 0 0 97260000 396000 97656000 1405648000 0 0 1405648000 1503304000 17000 17000 16000 2290380000 0 62000 10012000 10245000 317000 2311032000 20000 2311069000 3814373000 1795000 900079000 0 0 1098407000 2000281000 0 0 0 0 0 1510859000 1000 1051000 285067000 691000 16423000 0 1814092000 1814092000 3814373000 0 0 0 99096000 395000 99491000 1340443000 0 0 1340443000 1439934000 17000 17000 0 2492859000 0 48000 9918000 13275000 688000 2516788000 17000 2516822000 3956756000 1795000 840684000 0 0 1086137000 1928616000 0 0 0 0 0 1746748000 7000 1339000 251077000 8050000 20919000 0 2028140000 2028140000 3956756000 1795000 840684000 1086137000 1928616000 0 0 0 0 -18333000 74777000 -2951000 0 0 160620000 0 148350000 1795000 900079000 1098407000 1795000 1891807000 33666000 5915000 1933183000 1998000 0 0 0 0 0 237080000 0 148350000 -18333000 0 0 0 0 0 -2951000 0 1795000 1980537000 15333000 8866000 Pengestrøm fra primær drift før ændring i driftskapital 713273000 Pengestrøm fra primær drift før ændring i driftskapital 680382000 Gæld til selskabsdeltagere 0 Gæld til selskabsdeltagere -142965000 1261000 555653000 354120000 27890000 17732000 929000 -62000 5432000 1004000 -16000 2642000 555653000 403789000 151864000 34189000 21362000 12827000 -12000 49681000 543536000 233022000 1749872000 826629000 3426000 3031000 126890000 27794000 -922000 -125000 592110000 567401000 -1004000 -50000 -258812000 234645000 34000 6695000 37248000 24000 -17270000 15273000 50000 41000 -41000 49000 1723000 3559000 513017000 231049000 281968000 1773534000 801408000 972126000 3435000 3039000 396000 128613000 31353000 97260000 Jens Klavsen Adm. koncern direktør Anders Hedetoft Formand Ole Boris Fleggaard Birgitte Boris Fleggaard Susanne Boris Fleggaard 6832300000 1156700000 397600000 287400000 432500000 0.05 0.09 0.17 0.59 0.42 0.16 1232 6011100000 978600000 321800000 238600000 384300000 0.05 0.09 0.16 0.64 0.43 0.14 1199 6614400000 1053400000 377500000 278200000 0.06 0.11 0.16 0.69 0.45 0.18 1188 Resultat af primær drift 407400000 Resultat af primær drift 389500000 Resultat af primær drift 364200000 Resultat af primær drift 318300000 Resultat af primær drift 368300000 Resultat af finansielle poster -73200000 Resultat af finansielle poster -51900000 Resultat af finansielle poster -18200000 Resultat af finansielle poster 2700000 Resultat af finansielle poster -10100000 Anlægsaktiver 3028600000 Anlægsaktiver 2983600000 Anlægsaktiver 2538900000 Anlægsaktiver 2272900000 Fixed assets 2970000000 Omsætningsaktiver 1434900000 Omsætningsaktiver 1523900000 Omsætningsaktiver 1490600000 Omsætningsaktiver 1361700000 Omsætningsaktiver 1310500000 4474200000 1800000 1860100000 106100000 900000 2505900000 3900600000 1800000 1687600000 70400000 900000 2141700000 3583400000 1800000 1619700000 64100000 1898700000 Investeringer i immaterielle anlægsaktiver 5300000 Investeringer i immaterielle anlægsaktiver 5100000 Investeringer i immaterielle anlægsaktiver 50200000 Investeringer i immaterielle anlægsaktiver 27600000 Investeringer i immaterielle anlægsaktiver 17700000 Investeringer i finansielle leasingaktiver 1510700000 Investeringer i finansielle leasingaktiver 1679500000 Investeringer i finansielle leasingaktiver 1796000000 Investeringer i finansielle leasingaktiver 1360400000 Investeringer i finansielle leasingaktiver 901700000 EY Godkendt Revisionspartnerselskab 30700228 Brian Skovhus Jakobsen Statsautoriseret revisor mne27701