41969024 2024-10-01 2025-09-30 41969024 2023-10-01 2024-09-30 41969024 2025-09-30 41969024 2024-09-30 41969024 2024-10-01 2025-09-30 0 41969024 2024-10-01 2025-09-30 0 41969024 2024-10-01 2025-09-30 1 41969024 2024-10-01 2025-09-30 2 41969024 2024-10-01 2025-09-30 0 41969024 2020-10-01 2021-09-30 4 41969024 2021-10-01 2022-09-30 3 41969024 2022-10-01 2023-09-30 2 41969024 2023-10-01 2024-09-30 1 41969024 2024-10-01 2025-09-30 0 41969024 2024-10-01 2025-09-30 5 41969024 2023-10-01 2024-09-30 6 41969024 2022-10-01 2023-09-30 7 41969024 2021-10-01 2022-09-30 8 41969024 2021-10-01 2022-09-30 13 41969024 2021-10-01 2022-09-30 18 41969024 2021-10-01 2022-09-30 23 41969024 2020-10-01 2021-09-30 9 41969024 2020-10-01 2021-09-30 14 41969024 2020-10-01 2021-09-30 19 41969024 2020-10-01 2021-09-30 24 41969024 2022-10-01 2023-09-30 12 41969024 2023-10-01 2024-09-30 11 41969024 2024-10-01 2025-09-30 10 41969024 2022-10-01 2023-09-30 17 41969024 2023-10-01 2024-09-30 16 41969024 2024-10-01 2025-09-30 15 41969024 2022-10-01 2023-09-30 22 41969024 2023-10-01 2024-09-30 21 41969024 2024-10-01 2025-09-30 20 41969024 2020-10-01 2021-09-30 29 41969024 2021-10-01 2022-09-30 28 41969024 2022-10-01 2023-09-30 27 41969024 2023-10-01 2024-09-30 26 41969024 2024-10-01 2025-09-30 25 41969024 2024-10-01 2025-09-30 cmn:OtherRenderingOfReportedValueMember 41969024 2023-10-01 2024-09-30 cmn:OtherRenderingOfReportedValueMember 41969024 2022-10-01 2023-09-30 41969024 2021-10-01 2022-09-30 41969024 2020-10-01 2021-09-30 41969024 2020-10-01 2021-09-30 34 41969024 2021-10-01 2022-09-30 33 41969024 2022-10-01 2023-09-30 32 41969024 2023-10-01 2024-09-30 31 41969024 2024-10-01 2025-09-30 30 41969024 2024-09-30 fsa:RetainedEarningsMember 41969024 2024-10-01 2025-09-30 fsa:RetainedEarningsMember 41969024 2025-09-30 fsa:RetainedEarningsMember 41969024 2024-09-30 41969024 2024-09-30 fsa:ContributedCapitalMember 41969024 2024-10-01 2025-09-30 fsa:ContributedCapitalMember 41969024 2025-09-30 fsa:ContributedCapitalMember 41969024 2023-09-30 iso4217:USD xbrli:pure Regnskabsklasse C, mellemstor virksomhed Årsrapport 30700228 EY Cortex Park Vest 3 5230 Odense M xWizard version 1.1.1451.0, by EasyX Aps. www.easyx.eu 2023-10-01 2024-09-30 Ledelsespåtegning Revisionspåtegning Grundlag for konklusion Konklusion 2025-12-16 Henrik Skak Bender 2025-12-16 71488280 65430805 6057475 196960 104251 5756263 8363 4581466 1183160 221142 962018 962018 962018 0 71469747 70743479 726268 181137 159689 385441 2585324 113 2970653 608176 2362477 2362477 2362477 5355831 523482 984710 6864023 16807767 23671790 14139163 3056486 17195652 118632 3922 17318206 40989996 163600 5659856 5823456 294225 294225 5657616 27499861 709603 1005235 34872315 40989996 2956571 859777 665293 4481641 16807767 21289408 11495163 3295253 14790416 0 134619 14925035 36214443 163600 4697838 4861438 181184 181184 5512920 24232431 601502 824968 31171821 36214443 Ambu Operations A/S Baltorpbakken 13 2750 Ballerup 41969024 The Board of Directors and the Executive Board have today discussed and approved the annual report of Ambu   Operations A/S for the financial year 1 October 2024 to 30 September 2025. 2024-10-01 2025-09-30 The annual report has been prepared in accordance with the Danish Financial Statements Act.   In our opinion, the financial statements give a true and fair view of the financial position of the Company as at 30   September 2025 and of the results of the company’s operations for the financial year 1 October 2024 – 30 September  2025.   Further, in our opinion, the Management's review gives a fair review of the matters discussed in the Management's   review.   We recommend that the annual report be approved at the annual general meeting.   Ballerup 2025-12-16 Graziela Chaluppe dos Santos Malucelli Henrik Skak Bender Chairman Daniel Birkholm Graziela Chaluppe dos Santos Malucelli Independent auditor's report   To the shareholders of Ambu Operations A/S   Opinion   We have audited the financial statements of Ambu Operations A/S for the financial year 1 October 2024 – 30  September 2025, which comprise income statement, balance sheet, statement of changes in equity and notes,   including accounting policies. The financial statements are prepared in accordance with the Danish Financial   Statements Act.   In our opinion, the financial statements give a true and fair view of the financial position of the Company at 30   September 2025 and of the results of the Company's operations for the financial year 1 October 2024 – 30  September 2025 in accordance with the Danish Financial Statements Act.   Basis for opinion   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 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.   Independence   We are independent of the Company in accordance with the International Ethics Standards Board for Accountants'   Code of Ethics for Professional Accountants (IESBA Code) and additional requirements applicable in Denmark, and   we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA code.   Management's responsibilities for the financial statements   Management is responsible for the preparation of financial statements that give a true and fair view in accordance   with the Danish Financial Statements Act and for such internal control as Management determines is necessary to   enable the preparation of financial statements that are free from material misstatement, whether due to fraud or   error.   In preparing the financial statements, Management is responsible for assessing the Company's ability to continue as   a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of   accounting in preparing the financial statements unless Management either intends to liquidate the Company or to   cease operations, or has no realistic alternative but to do so.   Auditor's responsibilities for the audit of the financial statements   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.   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. We also:   ► Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or   error, design and perform audit procedures responsive to those risks and obtain audit evidence that is   sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement   resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery,   intentional omissions, misrepresentations or the override of internal control.   Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are   appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the   Company's internal control.   Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and   related disclosures made by Management.   Conclude on the appropriateness of Management's use of the going concern basis of accounting in preparing   the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists   related to events or conditions that may cast significant doubt on the 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 Company to cease to continue as a going concern.   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.   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.   Statement on the Management's review   Management is responsible for the Management's review.   Our opinion on the financial statements does not cover the Management's review, and we do not express any form   of assurance conclusion thereon.   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.   Moreover, it is our responsibility to consider whether the Management's review provides the information required   under the Danish Financial Statements Act.   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.   EY Godkendt Revisionspartnerselskab 30700228 Morten Weinreich Larsen State Authorised Public Accountant mne42791 Key figures   Revenue Revenue Revenue Revenue Revenue 71000000 6000000 71000000 1000000 33000000 1000000 9000000 1000000 0 0 1000000 0 0 0 0 0 Gross profit/(loss) Gross profit/(loss) Gross profit/(loss) Gross profit/(loss) Gross profit/(loss) Operating profit/loss Operating profit/loss Operating profit/loss Operating profit/loss Operating profit/loss Profit/loss from net financials Profit/loss from net financials Profit/loss from net financials Profit/loss from net financials Profit/loss from net financials Profit/loss for the year Profit/loss for the year Profit/loss for the year Profit/loss for the year Profit/loss for the year 6000000 0 0 -5000000 1000000 3000000 0 2000000 0 Balance sheet total Balance sheet total Balance sheet total Balance sheet total Balance sheet total 41000000 3000000 36000000 2000000 36000000 1000000 29000000 3000000 10000000 1000000 Equity Equity Equity Equity Equity 6000000 5000000 2000000 2000000 2000000 Financial ratios   8 8 1 1 1 2 4 9 0 15 14 18 1 1 2 13 64 7 8 16 -1 14 33 The change in accounting practice related to indirect production cost on inventory has been corrected for the   financial years 2024/25, 2023/24, and 2022/23. However, the correction has not been applied to the financial years   2021/22 and 2020/21.   Definition of financial ratios:   푂푝푒푟푎푡푖푛푔 푃푟표푓푖푡 푥 100   Operating margin   푅푒푣푒푛푢푒   퐺푟표푠푠 푝푟표푓푖푡 푥 100   Gross margin   푅푒푣푒푛푢푒   푂푝푒푟푎푡푖푛푔 푝푟표푓푖푡 푥 100   Return on investment   퐴푣푒푟푎푔푒 푡표푡푎푙 퐴푠푠푒푡푠   Equity ratio   퐸푞푢푖푡푦 푥 100   푇표푡푎푙 푙푖푎푏푖푙푖푡푖푒푠   푁푒푡 푝푟표푓푖푡 푓표푟 푡ℎ푒 푦푒푎푟 푥 100   Return on equity   Main activities   Ambu Operations A/S is a fully owned subsidiary of Ambu A/S.   The principal activity of the Company is to conduct production and trade within the medico industry both nationally   and abroad. The Company can as a shareholder or as a stakeholder within investment, loan and credit, have interest   in other companies with same purpose as indicated above.   The manufacturing plant is placed in Mexico, mainly in order to strengthen the production capacity and supply of   products in North America.   The highest production volume in Mexico plant is related to visualization products (endoscopes).   Development during the financial year   For FY24/25 the Company achieved strong performance throughout the financial year, reaching the expected revenue   target as stated in the outlook of the Management Review 23/24. In addition, a transfer pricing adjustment of 31m   contributed to total revenue of USD 71 million. This result reflects continued growth across our core business areas   and the successful execution of our strategic initiatives.   The revenue is directly influenced by the performance and demand trends of the subsidiary, Ambu Inc., reflecting its   operational development. Furthermore, the EBIT level is primarily driven by the established transfer pricing setup,   which ensures an appropriate allocation of earnings in accordance with intercompany agreements and applicable tax   regulations. The transfer pricing setup was revised in FY2024/25, with the key change being an increase in the markup   applied to investments in inventory and property, plant, and equipment from 2% to 4.5%, aligning the return level   with comparable U.S. benchmarks. In addition, profitability is measured based on profit before tax rather than gross   margin, as Management considers this measure to more appropriately reflect the Company’s exposure to foreign   exchange risk.   The Company recorded a profit of USD 962,018 for FY24/25, compared to a profit of USD 2,362,477 in FY23/24. The   balance sheet as of 30 September 2025 shows an increase in equity to USD 5,823,456, up from USD 4,861,438 in the   prior year.   The decrease in profit was primarily driven by the performance of financial items and the change in our transfer   pricing setup. The financial items were negatively impacted by the weakening of the USD. This resulted in an   unrealized foreign exchange loss on debt owed to Ambu A/S.   Change in accounting policies   As of the 2024/25 financial year, the Company has transitioned from reporting class C (medium) to reporting class C   (large). As a result of this change, revenue and cost of goods sold are now presented separately in the income   statement, rather than as a combined gross profit. Additionally, disclosures on Corporate Social Responsibility   CSR/ESG and data ethics have been incorporated. Further details can be found in Note 1, Accounting Policies.   Outlook   The Company’s outlook going forward will be based on the total revenue. For FY25/26, the outlook reflects a strategic  focus on increasing production at the Juarez site, reducing or maintaining scrap rates, minimizing employee turnover,   and further enhancing product quality across all production lines.   The revenue for FY25/26 is expected to be between USD 68-73 mio. However, several uncertainties may affect the   outcome, including the potential introduction of new tariffs and fluctuations in the USD/MXN exchange rate.   General CSR policies and data ethics   With reference to the Danish Financial Statements Act § 99a, section 7, separate disclosure of corporate social   responsibility and data ethics are omitted. Instead, we refer to the Global Annual Report for Ambu A/S, where   compliance in regards of CSR, impact on human rights, climate, environment, social and employee issues, anti-   corruption, bribery and data ethics can be found. The report is available under our investor reports at;   https://www.ambu.com/corporate-info/investors/reports/reports-in-english   4697838 962018 5659856 4861438 962018 5823456 163600 0 163600 Accounting policies   The annual report of Ambu Operations A/S for 2024/25 has been prepared in accordance with the provisions in the   Danish Financial Statements Act applying to large-sized reporting class C entities.   The functional currency of the entity is USD as majority of the company’s transactions are denominated in USD. The  exchange rate for USD/DKK was 0,157 at the balance sheet date.   Change in accounting policies   As of the financial year 2024/25, the Company has changed reporting class from reporting class C(middle) to reporting   class C(large).   The transition to Class C (large) has led to the implementation of several new disclosure and recognition   requirements. The main changes in accounting policies and disclosures are as follows:   The scope and detail of the management commentary have been expanded to meet the more extensive   requirements applicable to large companies. This includes additional disclosures on non-financial matters, including   environmental, social, employee-related issues and data ethics when relevant.   The notes to the financial statement have been expanded. Key additions include:   - More detailed reporting on revenue split on geographics and segment.   - Disclosure of fees to auditors, with reference to section 96(3) of the Danish financial statements act the   audit fees are not disclosed.   - Corporate Social Responsibility / ESG Reporting and Data ethics   - In accordance with Section 99a and 99b of the Danish Financial Statements Act, large companies are   required to disclose policies, actions, and results related to CSR. As permitted under the Act, the company   has opted to refer to the consolidated CSR reporting included in the Group's annual report, which is   available at https://www.ambu.com/corporate-info/investors/reports/reports-in-english.   With reference to section 86(4) of the Danish Financial Statements Act, no cash flow statement has been prepared.   The Company's cash flows are included in the consolidated cash flow statement of the parent company Ambu A/S.   Omission of consolidated financial statements   Pursuant to section 112 (1) of the Danish Financial Statements Act, no consolidated financial statements have been   prepared. The financial statements of Ambu Operations A/S and group entities are included in the consolidated   financial statements of Ambu A/S, Baltorpbakken 13, 2750 Ballerup. The consolidated financial statements can be   obtained from the website of the parent company.   Foreign currency translation   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 rates at the transaction date and the   date of payment are recognised in the income statement as financial expenses.   Receivables, payables and other monetary items denominated in foreign currencies are translated at the exchange   rates at the balance sheet date. The difference between the exchange rates at the balance sheet date and 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 expenses.   Non-current assets acquired in foreign currency are measured at the exchange rate at the transaction date.   Presentation of income statement   Revenue from the sale of goods   Revenue from sale of services is recognized in the income statement when all performance obligations have been   fulfilled. Revenue is measured at the fair value of the agreed consideration, exclusive of VAT and taxes collected on   behalf of a third party. The company has chosen IFRS 15 as interpretation for revenue recognition. The company has   no external revenue sources as all sales are made internally to the parent company, Ambu A/S, located in Denmark.   Cost of goods sold   Cost of goods sold comprise costs, including write-off, incurred to achieve the net revenue for the year. Cost of goods   sold include direct and indirect costs of raw materials and consumables and depreciation of production plant.   Gross profit   Gross profit comprises revenue and production costs.   Selling and distribution costs   Selling and distribution costs comprise costs for depreciation, impairment and operation of central warehouses, as   well as all costs relating to the transport of goods from the group’s factories to the customers.   Management and administrative costs   Administrative expenses include costs incurred during the year regarding administration of the Company, office   premises, office expenses, etc. and related amortisation.   Financial income and expenses   Financial income and expenses comprise interest, exchange gains and losses and transactions in foreign currencies.   Tax for the year   Tax for the year comprises current tax for the year on expected taxable income and deferred tax adjustment for the   year. The tax expense for the year relating to the profit/loss for the year is recognised in the income statement, and   the tax expense relating to amounts recognised directly in equity is recognised directly in equity.   The Company 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).   Jointly taxed entities entitled to a tax refund are, as a minimum, reimbursed by the administration company based   on the current rates applicable to interest allowances, and jointly taxed entities having paid too little tax pay, as a   maximum, a surcharge based on the current rates applicable to interest surcharges to the administration company   Balance sheet   Property, plant and equipment   Land and buildings, plant and machinery and other plant, fixtures and fittings, tools and equipment are measured at   cost less accumulated depreciation and impairment losses. Cost comprises the acquisition price and any costs directly   attributable to the acquisition until the date when the asset is ready for use. The cost of a total asset is divided into   separate elements which are depreciated individually when the useful lives of the individual elements differ.   The basis of depreciation is calculated in consideration of the residual value of the asset and is reduced by impairment   losses, if any. The residual value is fixed at the date of acquisition and is subject to annual review. When the residual   value exceeds the carrying amount of the asset, depreciation will no longer take place. In connection with changes in   the depreciation period or the residual value, the effect of depreciation is recognized in future as a change in the   accounting estimate.   The carrying amount of property, plant and equipment is assessed on an annual basis to establish whether there is   any indication of impairment. When such indication exists, an impairment test is performed. An impairment loss is   recognized when the carrying amount of an asset exceeds the recoverable amount of the asset.   Property, plant and equipment are depreciated according to the straight-line method over the expected useful lives   of the assets/components as follows:   Plant and machinery   2-10 years   Other fixtures and equipment   3-5 years   Property, plant and equipment under construction is not depreciated   Depreciation is recognised in the income statement as production costs, distribution costs and administrative   expenses, respectively.   Gains and losses on the disposal of items 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.   Investments in subsidiary   Equity investments are measured at cost. Cost includes the consideration measured at fair value plus direct   acquisition costs. In case of indication of impairment, an impairment test is conducted. Equity investments are written   down to the lower of the carrying amount and the recoverable amount.   Inventories   Inventories are measured at the lower of cost calculated according to the FIFO principle and net realisable value. The   net realisable value is calculated as the selling price less costs of completion and costs necessary to make the sale.   The cost of goods for resale as well as raw materials and consumables comprises the acquisition price plus delivery   costs.   The cost of manufactured goods comprises the cost of raw materials, consumables, direct labour costs and indirect   production overheads in the form of logistics and planning costs, production management as well as expenses for   production facilities and equipment etc.   Receivables   Receivables are measured at amortised cost. The value is reduced by write-down to meet expected losses. The   company has chosen IFRS 9 as interpretation for impairment of financial receivables.   Cash and cash equivalents   Cash and cash equivalents comprise bank balances and cash on hand. These are carried in the balance sheet at fair   value.   Income tax and deferred tax   Current tax payables and receivables are recognised in the balance sheet as tax computed on the taxable income for   the year, adjusted for tax on prior-year taxable income and tax paid on account.   Deferred tax is measured using the balance sheet liability method on all temporary differences between the carrying   amount and the tax base of assets and liabilities. Where alternative tax rules can be applied to determine the tax   base, deferred tax is measured based on the intended use of the asset or settlement of the liability, respectively.   Deferred tax assets, including the tax base of tax loss carry forwards, are measured at the value at which they are   expected to be utilised, either through elimination against tax on future earnings or through a set-off against deferred   tax liabilities within the same legal tax entity. Any deferred net assets are measured at net realisable values.   Deferred tax is measured according to the tax rules and at the tax rates applicable at the balance sheet date when   the deferred tax is expected to crystallise as current tax. Changes in deferred tax due to changes in tax rates are   recognised in the income statement.   Liabilities other than provisions   The Company has chosen IAS 39 Financial instruments: Recognition and measurement as interpretation for  recognition and measurement of liabilities.   Financial liabilities comprising trade payables are recognised at the date of borrowing at cost, corresponding to the   proceeds received less transaction costs paid. In subsequent periods, financial liabilities are measured at amortised   cost.   Other payables   Other liabilities are measured at net realisable value.   Equity   Equity includes the share capital and other equity items, which may be statutory or stipulated in the articles of   association.   Notes   Liquidity and capital resources   Notes   3 Event after the balance sheet date   No events have occurred subsequent to the balance sheet date that would impact the evaluation of this annual   report.   4 Staff costs   No wages and salaries were paid during the financial year as the Company have no employees. The management is   not employed by the company. The management is paid 38K USD in salary per year, which is settled through a   management fee and accounted for under administrative expenses.   Financial Income   USD   2024/25   2023/24   2525011 60313 8363 0 Financial expenses   USD   2024/25   2023/24   4581466 113 Tax for the year   USD   2024/25   2023/24   108101 113041 0 601502 42308 -55617 19983 0 Distribution of profit   USD   2024/25   2023/24   962018 2362477 9 Property, plant and equipment   USD   Plant &   Other Fixtures &   PPE under Total tangible   Cost   Machinery   Equipment   construction   assets   Balance at the beginning of the year   3,733,819   1,752,139   665,293   6,151,251   Additions during the year   0 17,864   3,219,883   3,237,747   Transfer from/to other items   2,900,466   0 (2,900,466)   0 Cost at the end of the year   6,634,285   1,770,003   984,710   9,388,998   Depreciation   Depreciation at the beginning of the year   777,248   892,362   0 1,669,610   Depreciation for the year   501,206   354,159   0 855,365   Depreciation at the end of the year   1,278,454   1,246,521   0 2,524,975   Carrying amount at the end of the year   5,355,831   523,482   984,710   6,864,023   Notes   10 Investments in subsidiaries   USD   2024/25   2023/24   Balance at the beginning of the year   16,807,767   16,807,767   Carrying amount at the end of the year   16,807,767   16,807,767   Investments in subsidiaries includes subordinated loan capital.   Investments in associates are specified as follows:   Registered   Ownership   Latest approved   Latest approved   Name   office   Interest   equity   result   Ambu Mexico Operations S.A. DE C.V.   Mexico   99.99%   USD 16,652,183   USD (174,651)   11 Share capital  USD   2024/25   2023/24   The share capital comprises:   Class A shares, 100 shares of nom. USD 1,636 (DKK 10,000)   163,600   163,600   163,600   163,600   for deferred tax   USD   2024/25   2023/24   181184 113041 294225 138876 42308 181184 13 Contractual obligations and contingencies, etc.  Contingent liabilities   The Company is jointly taxed with Ambu A/S as administration company. The Company has unlimited joint and several   liability for payment of Danish corporation taxes. The jointly taxed entities' total known net liability in respect of   corporation taxes payable is reported in the annual report for Ambu A/S. Any subsequent corrections of the income   subject to joint taxation may entail that the Company's liability will increase.   Notes   14 Related parties  The company is included in the consolidated financial statements of the largest and smallest group:   Ambu A/S, Baltorpbakken 13, 2750 Ballerup. Parent company, CVR.: 63644919   The consolidated financial statements of Ambu A/S is available at the Company’s webpage:   https://www.ambu.com/corporate-info/investors/reports/reports-in-english   Related transactions   The company has had the following transactions with related parties:   2024/25   2023/24   USD   Sale of goods to parent entity   71,488,280   71,469,747   Cost of goods sold   65,430,805   70,743,479   Current Trade payables to parent entity   20,778,793   20,166,315   Current Trade payables to associated companies   6,576,281   4,066,116   Financial income from associated company   0 60,313   15 Fee to auditors appointed by the Annual General Meeting  Audit fees are not disclosed with reference to section 96(3) of the Danish Financial Statements Act. The fee is   specified in the consolidated financial statements for the Group.