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2023-07-01 2024-06-30 23 81203113 2022-07-01 2023-06-30 23 81203113 2021-07-01 2022-06-30 23 81203113 2020-07-01 2021-06-30 23 81203113 2023-06-30 81203113 2022-06-30 81203113 2021-06-30 iso4217:DKK xbrli:pure Årsrapport 15807776 Partner Revision, statsautoriseret revisionsaktieselskab Erhvervsparken, 7B 6900, Skjern 2023-07-01 2024-06-30 2024-07-01 2025-06-30 81203113 NDI Group A/S Merkurvej 7 6650 Brørup 1979-10-15 Vejen +45 76 15 00 00 www.ndi.eu info@ndi-dk.com Partner Revision, statsautoriseret revisionsaktieselskab Partner Revision, statsautoriseret revisionsaktieselskab 15807776 15807776 Henrik Ludvigsen Søren Jensen statsautoriseret revisor statsautoriseret revisor mne27765 mne32733 Erhvervsparken Erhvervsparken 7B 7B 6900 6900 Skjern Skjern Danmark Danmark 97 35 18 11 97 35 18 11 2025-11-27 Bjarne Normann Madsen Regnskabsklasse C, stor virksomhed Revisionspåtegning Ja CaseWare fra Revisorgruppen Danmark kapitalejeren Skjern 2025-11-25 Brørup 2025-11-25 Grundlag for konklusion Konklusion De i hoved- og nøgletalsoversigten anførte nøgletal er beregnet således:Bruttomargin Bruttoresultat x 100 / NettoomsætningOverskudsgrad (EBIT-margin) Resultat af primær drift (EBIT) x 100 / NettoomsætningAfkast af den investerede kapital Resultat af primær drift (EBIT) x 100 / Gennemsnitlig investeret kapitalInvesteret kapital Driftsmæssige immaterielle og materielle aktiver samt nettoarbejdskapitalSoliditetsgrad Egenkapital ultimo x 100 / Aktiver i alt ultimoEgenkapitalforrentning       Årets resultat x 100       / Gennemsnitlig egenkapital The key figures appearing from the survey have been calculated as follows:Gross margin ratio Gross profit x 100 / RevenueProfit margin (EBIT margin) Operating profit or loss (EBIT) x 100 / RevenueReturn on equity investment Operating profit or loss (EBIT) x 100 / Average invested capitalInvested capital Operational intangible and tangible assets and net working capitalSolvency ratio Equity, closing balance x 100 / Total assets, closing balanceReturn on equity Net profit or loss for the year x 100 / Average equity 1158806000 1122959000 7309000 7387000 830935000 827520000 103106000 104650000 232074000 198176000 188562000 172554000 16624000 16913000 26888000 8709000 39283000 14751000 4945000 4659000 -958000 2906000 20861000 21318000 49297000 9707000 2242000 167000 47055000 9540000 47055000 9540000 26410000 12963000 26410000 12963000 30383000 33784000 30383000 33784000 432911000 405818000 5757000 5757000 6410000 4297000 445078000 415872000 501871000 462619000 1856000 1795000 440728000 327473000 442584000 329268000 75547000 87122000 140729000 82287000 0 805000 14515000 14414000 230791000 184628000 38000 79000 673413000 513975000 1175284000 976594000 0 25326000 25326000 409185000 365541000 434511000 390867000 1187000 149000 1187000 149000 12007000 11692000 12007000 11692000 139464000 107797000 234293000 189038000 300445000 230920000 1322000 0 52055000 46131000 727579000 573886000 739586000 585578000 1175284000 976594000 168355000 154564000 15762000 13885000 4445000 4105000 188562000 172554000 305 283 13781000 14386000 7080000 6932000 20861000 21318000 66577000 20298000 86875000 53615000 6850000 60465000 26410000 128612000 8253000 4021000 132844000 94828000 9774000 2141000 102461000 30383000 547262000 537373000 13179000 9889000 560441000 547262000 -146077000 -167220000 -3399000 6392000 42034000 14016000 -17370000 0 -2718000 735000 -127530000 -146077000 0 4633000 0 4633000 432911000 405818000 Super Dæk Service Danmark A/S A/S Brørup, Denmark 100.00 Flex1one A/S A/S Brørup, Denmark 100.00 Flex1one Norge AS AS Vestby, Norway 100.00 J.A.K. Workwear A/S A/S Brørup, Denmark 66.67 Tyretrust A/S A/S Køge, Denmark 100.00 Tyretrust Norge AS AS Vestby, Norway 100.00 Nordisk Dæk Import China ApS ApS Brørup, Denmark 100.00 NDI Tire (Qingdao) Co., Ltd. Ltd. Qingdao, China 100.00 NDI Finland Oy OY Sievi, Finland 100.00 NDI Norge AS AS Vestby, Norway 100.00 NDI Sweden AB AB Lund, Sweden 100.00 NDI-Bygg och Industriby AB AB Lund, Sweden 100.00 Däck 24/7 i Sverige AB AB Lund, Sweden 91.50 Caravan Expert MBK GmbH Gmbh Silberstedt, Germany 51.00 NDI Deutchland GmbH Gmbh Harrislee, Germany 100.00 Carstop 1 GmbH Gmbh Rostock, Germany 100.00 PBH nr. 22.503 ApS ApS Brørup, Denmark 100.00 Reifen Technik Nord GmbH Gmbh Harrislee, Germany 100.00 Carvan Center Nord GmbH Gmbh Harrislee, Germany 100.00 5757000 5757000 5757000 4297000 2113000 6410000 6410000 0 10595000 25326000 25326000 25326000 25326000 365541000 349609000 47055000 9540000 -3411000 6392000 409185000 365541000 149000 -823000 1038000 972000 1187000 149000 Be­sty­rel­se og di­rek­tion har dags da­to af­lagt års­rap­por­ten for 2024/25 for NDI Group A/S. Today, the Board of Directors and the Managing Director have approved the annual report of NDI Group A/S for the financial year 2024/25. Års­rap­por­ten er af­lagt i over­ens­stem­mel­se med års­regn­skabs­lo­ven. The annual report has been prepared in accordance with the Danish Financial Statements Act. Vi an­ser den valg­te regn­skabs­prak­sis for hen­sigts­mæs­sig, og efter vores op­fat­tel­se gi­ver års­regn­ska­bet et ret­vi­sen­de bil­le­de af sel­ska­bets ak­ti­ver, pas­si­ver og fi­nan­siel­le stil­ling pr. 30. juni 2025 samt af re­sul­ta­tet af sel­ska­bets ak­ti­vi­te­ter for regn­skabs­år­et 1. juli 2024 - 30. juni 2025. We consider the chosen accounting policy to be appropriate, and in our opinion, the financial statements give a true and fair view of the financial position of the Company at 30 June 2025 and of the results of the Company's operations for the financial year 1 July 2024 – 30 June 2025. Le­del­ses­be­ret­nin­gen in­de­hol­der ef­ter vores op­fat­tel­se en ret­vi­sen­de re­de­gø­rel­se for de for­hold, som be­ret­nin­gen om­hand­ler. Further, in our opinion, the Management's review gives a true and fair review of the matters discussed in the Management's review. Års­rap­por­ten ind­stil­les til ge­ne­ral­for­sam­lin­gens god­ken­del­se. We recommend that the annual report be approved at the Annual General Meeting. René Kristensen Benny Kristensen René Kristensen Peter Kjær formand Vi har re­vi­de­ret års­regn­ska­bet for NDI Group A/S for regn­skabs­året 1. juli 2024 - 30. juni 2025, der om­fat­ter an­vendt regn­skabs­prak­sis, re­sul­tat­op­gø­rel­se, ba­lan­ce, egen­ka­pi­tal­op­gø­rel­se og noter. Års­regn­ska­bet ud­ar­bej­des ef­ter års­regn­skabs­lo­ven. Det er vo­res op­fat­telse, at års­regn­ska­bet gi­ver et ret­vis­ende bil­le­de af sel­ska­bets ak­ti­ver, pas­si­ver og fi­nan­siel­le stil­ling pr. 30. juni 2025 samt af re­sul­ta­tet af sel­ska­bets ak­ti­vi­te­ter for regn­skabs­år­et 1. juli 2024 - 30. juni 2025 i ov­er­ens­stem­mel­se med års­regn­skabs­lo­ven. We have audited the financial statements of NDI Group A/S for the financial year 1 July 2024 - 30 June 2025, which comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes, for the Company. The financial statements are prepared under 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 June 2025, and of the results of the Company's operations for the financial year 1 July 2024 - 30 June 2025 in accordance with the Danish Financial Statements Act. Grundlag for kon­klu­sionVi har ud­ført vo­res re­vi­si­on i over­ens­stem­mel­se med in­ter­na­tio­na­le 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 års­regn­ska­bet”. Vi er uaf­hæn­gi­ge af sel­ska­bet i over­ens­stem­mel­se med In­ter­na­tio­nal 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. Det er vo­res op­fat­tel­se, at det op­nå­e­de re­vi­si­ons­be­vis er til­stræk­ke­ligt og eg­net som grund­lag for vo­res kon­klu­sion. Basis for OpinionWe conducted our audit in accordance with International Standards on Auditing (ISAs) and the 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 are independent of the Company in accordance with the International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Den­mark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Le­del­sen har an­sva­ret for ud­ar­bej­del­sen af et års­regn­skab, der gi­ver et ret­vi­sen­de bil­le­de i over­ens­stem­mel­se med års­regn­skabs­lo­ven. Le­del­sen har end­videre an­sva­ret for den in­ter­ne kon­trol, som le­del­sen an­ser nød­ven­dig for at ud­ar­bej­de et års­regn­skab uden væ­sent­lig fejl­in­for­mation, uan­set om den­ne skyl­des be­svi­gel­ser eller fejl. Ved ud­ar­bej­del­sen af års­regn­ska­bet er le­del­sen an­svar­lig for at vur­de­re sel­ska­bets ev­ne til at fort­sæt­te drif­ten; at op­ly­se om for­hold ved­rø­ren­de fort­sat drift, hvor det­te er re­le­vant; samt at ud­ar­bej­de års­regn­ska­bet på grund­lag af regn­skabs­prin­cip­pet om fort­sat drift, med­min­dre le­del­sen en­ten har til hen­sigt at li­kvi­de­re sel­skabet, ind­stil­le drif­ten el­ler ik­ke har an­det re­a­lis­tisk al­ter­na­tiv end at gø­re det­te. 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. Vo­res mål er at op­nå høj grad af sik­ker­hed for, om års­regn­ska­bet 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 års­regn­ska­bet. 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. Her­ud­over: Iden­ti­fi­ce­rer og vur­de­rer vi ri­si­ko­en for væ­sent­lig fejl­in­for­ma­tion i års­regn­ska­bet, 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. 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 sel­ska­bets in­ter­ne kon­trol. 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. Kon­klu­de­rer vi, om le­del­sens ud­ar­bej­del­se af års­regn­ska­bet 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 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 års­regn­ska­bet el­ler, hvis så­dan­ne op­lys­nin­ger ik­ke er til­stræk­ke­li­ge, mo­di­fi­ce­re vo­res kon­klu­si­on. Vo­res kon­klu­si­o­ner er ba­se­ret på det re­vi­si­ons­be­vis, der er op­nå­et frem til da­to­en for vo­res re­vi­si­ons­på­teg­ning. Frem­ti­di­ge be­gi­ven­he­der el­ler for­hold kan dog med­fø­re, at sel­skabet ik­ke læn­ge­re kan fort­sæt­te drif­ten. Ta­ger vi stil­ling til den sam­le­de præ­sen­ta­tion, struk­tur og ind­hold af års­regn­ska­bet, her­un­der no­te­op­lys­nin­ger­ne, samt om års­regn­ska­bet af­spej­ler de un­der­lig­gen­de trans­ak­tio­ner og be­gi­ven­he­der på en så­dan må­de, at der gi­ves et ret­vi­sen­de bil­le­de her­af. Plan­læg­ger og ud­fører vi revi­sionen af års­regn­ska­bet for at opnå til­stræk­ke­ligt og egnet revi­sions­bevis ved­rørende de kon­soli­derede finan­siel­le op­lys­ninger for virk­som­hederne eller for­ret­nings­en­hed­erne som grund­lag for at ud­forme en kon­klu­sion om års­regn­ska­bet. Vi er an­svar­lige for at lede, føre tilsyn med og gen­nem­gå det ud­førte revi­sions­ar­bej­de. Vi er ene­ansvar­lige for vores revi­sions­kon­klusion. Vi kom­mu­ni­ke­rer med den øver­ste le­del­se om blandt an­det 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. Our objectives are to obtain reasonable assurance about 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 the 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 these financial statements. As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Den­mark, we exercise professional judgment and maintain professional skepticism 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 disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view. Plan and perform the audit of the financial statements to obtain sufficient appropriate audit evidence regarding consolidated financial information of the entities or business units as a basis for forming an opinion on the financial statements. We are responsible for the direction, supervision and review of the audit work performed. We remain solely responsible for our audit opinion.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. Ud­tal­else om le­del­ses­be­ret­nin­genLe­del­sen er an­svar­lig for le­del­ses­be­ret­nin­gen. Vo­res kon­klu­sion om års­regn­ska­bet om­fat­ter ik­ke le­del­ses­be­ret­nin­gen, og vi ud­tryk­ker in­gen form for kon­klu­sion med sik­ker­hed om le­del­ses­be­ret­nin­gen. I til­knyt­ning til vo­res re­vi­si­on af års­regn­ska­bet er det vo­res an­svar at læ­se le­del­ses­be­ret­nin­gen og i den for­bin­del­se over­ve­je, om le­del­ses­be­ret­nin­gen er væ­sent­ligt in­kon­si­stent med års­regn­ska­bet el­ler vo­res vi­den op­nå­et ved re­vi­si­o­nen el­ler på an­den må­de sy­nes at in­de­hol­de væ­sent­lig fejl­in­for­ma­tion. Vo­res an­svar er der­ud­over at over­ve­je, om le­del­ses­be­ret­nin­gen in­de­hol­der kræ­ve­de op­lys­nin­ger i hen­hold til års­regn­skabs­lo­ven. Ba­se­ret på det ud­før­te ar­bej­de er det vo­res op­fat­tel­se, at le­del­ses­be­ret­nin­gen er i over­ens­stem­mel­se med års­regn­ska­bet og er ud­ar­bej­det i over­ens­stem­mel­se med års­regn­skabs­lo­vens krav. Vi har ik­ke fun­det væ­sent­lig fejl­in­for­ma­tion i le­del­ses­be­ret­nin­gen. Statement on Management’s ReviewManagement is responsible for Management’s Review. Our opinion on the financial statements does not cover 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 Management’s Review and, in doing so, consider whether 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 Management’s Review provides the information required under the Danish Financial Statements Act. Based on the work we have performed, we conclude that Management’s Review is in accordance with the financial statements and has been prepared in accordance with the requirements of the Danish Financial Statement Act. We did not identify any material misstatement of Management’s Review. 1080921000 961224000 859818000 173128000 161406000 160861000 111000 5814000 10840000 22409000 998000 13201000 56763000 48159000 Resultat før skat 7296000 9707000 13312000 62577000 58999000 15179000 62336000 57348000 934865000 917398000 713455000 8253000 12100000 18031000 8043000 8005000 374935000 378044000 321328000 286 256 254 20.0 17.6 16.0 16.8 18.7 2.3 0.8 0.0 0.6 1.3 18.0 5.4 0.1 5.0 1.6 37.0 40.0 40.1 41.2 45.0 11.4 2.5 4.0 17.8 19.8 Sel­skabets væsentligste aktiviteterSelskabets aktivitet er i lighed med tidligere år salg af dæk og fælge, produktion og salg af special­fælge samt re­gummierede dæk m.v. Derudover ejer selskabet anparter eller aktier i datter­selskaber med relatererede drifts­aktiviteter, herunder salg af værksteds­udstyr samt dæk­hotel med mere.  Description of key activities of the companyAs in previous years, the company’s activities are sale of tyres and rims as well as production and sale of special rims and retreaded tyres etc. Moreover, the company owns shares in sub­sidiaries with related and other operating activities. Udvikling i aktiviteter og økonomiske forholdÅrets net­to­om­sæt­ning ud­gør 1.158,8 mio. kr. mod 1.123,0 mio. kr. sid­ste år. Det or­di­næ­re re­sul­tat ef­ter skat ud­gør 47,1 mio. kr. mod 9,5 mio. kr. sid­ste år.  Development in activities and financial mattersThe revenue for the year totals DKK 1.158,80m against DKK 1.123,0m last year. Profit or loss from ordinary activities after tax totals DKK 47,10m against DKK 9,5m last year.  Opfølgning på sidste års forventede udviklingUdviklingen skal sammenholdes med, at selskabet i års-rapporten for 2023/24 forventede et ordinært resultat efter skat på 40-50 mio. kr. med iagttagelse af væsent-lige usikkerheder i den globale økonomiske udvikling. Selskabet og dets datterselskaber opnåede omsætnings-vækst på alle nordiske markeder og rapporterede rekord-høj samlet omsætning i DKK. Denne succes blev drevet af rettidig distribution af relevante produkter for at understøtte den løbende implementering af elbiler i Norden samt ved at fastholde ryet som en pålidelig partner for bilbranchen på tværs af alle segmenter. For at sikre fortsat fremgang og opretholde tilstrækkelige lagerniveauer udvidede datterselskabet i Sverige sit lager og selskabet i Finland begyndte etableringen af nye faciliteter nær hovedstaden Helsinki. Med baggrund i årets hændelser anser ledelsen årets resultat for til-fredsstillende. Den forventede udviklingSelskabet forventer et ordinært resultat før skat i niveauet 50-60 mio. kr. og forventer det samme aktivitetsniveau som i det afsluttede regnskabsår. Flere markedssegmenter oplever en påholdenhed, hvilket sam-men med ukendte valutapåvirkninger giver en usikker-hed i forventningerne til det kommende år.   Development for the year relative to the expectationsThe development must be compared with the fact that in the annual report for 2023/24 the company expected an ordinary profit after tax of DKK 40-50m, taking into account significant uncertainties in the global economic development. The company and its subsidiaries achieved revenue growth in all Nordic markets and reported record-high total revenue in DKK. This success was driven by timely distribution of relevant products to support the ongoing implementation of electric cars in the Nordics as well as by maintaining the reputation as a reliable partner for the automotive industry across all segments. To ensure continued progress and maintain sufficient inventory levels, the subsidiary in Sweden expanded its warehouse and the company in Finland began the establishment of new facilities near the capital Helsinki. Against the background of the year's events, the management considers the year's result to be satisfactory. Expected developmentsThe company expects an ordinary profit before tax in the range of DKK 50-60m. and expects the same level of activity as in the completed financial year. Several market segments are experiencing persistence, which, together with unknown currency effects, creates uncertainty in the expectations for the coming year. Immaterielle nøgleressourcerSelskabet er afhængig af gode ledere og medarbejdere på alle forretningsområder. Derfor er selskabets ledelse opmærksom på, at have rette ledere og medarbejdere, så risici for fejl og ulykker minimeres og ikke påvirker selskabets omdømme og indtjening. Intangible key resourcesThe company depends on good managers and employ-ees in all business areas. Therefore, the company's management is aware of having the right managers and employees, so that the risks of errors and accidents are minimized and do not affect the company's reputation and earnings. Begivenheder efter regn­skabs­årets udløbDer er ikke efter balancedagen indtruffet forhold, som har væsentlig indflydelse på vurdering af årsrapporten. Events occurring after the end of the financial yearNo events have occrured after the balance sheet date, which have a material impact on the annual report.   Redegørelse for samfundsansvar i henhold til års­regn­skabslovens § 99 aForretningsmodel og engagementMed henvisning til årsregnskabslovens § 99 a, stk. 7 og til koncernregnskabet for NDI Holding A/S, CVR-nr. 20 19 85 08 har selskabet undladt at medtage CSR-oplys-ninger i ledelsesberetningen. CSR-oplysninger kan ligeledes findes på selskabets hjemmeside via linket: https://ndias.com/nyheder/ndi-group-annual-report-2024-2025. Forretningsmodellen inkluderer ejerskab i dattersel-skaber. Aktiviteterne omfatter montering og salg af dæk og fælge, produktion og salg af specialfælge og regummierede dæk.  Målet er at levere førsteklasses produkter, koncepter og serviceydelser og stræbe efter et stærkt og troværdigt omdømme i Norden og andre lande, hvor selskabet opererer. Dette gælder for alle interessenter, herunder kunder, medarbejdere og leverandører. Det involverer en betydelig social og miljømæssig bevidsthed og ansvarlighed.  Som selskab i en familieejet koncern, NDI Holding A/S, inkorporerer selskabet naturligt familiens værdier i hele organisationen. Disse værdier er centrale for at opnå strategiske mål og fremme konkurrenceevnen.  Vision Vi vil være branchens bedste.  Ansvarlighed Selskabets ansvarlighedskodeks er beskrevet i NDI Holdings A/S’ afsnit ’Rapport om koncernens bære-dygtighed og CSR’.  Her beskrives, at NDI Holding A/S har integreret bære-dygtighed som en central del af koncernens strategi og forretningsmodel. Med implementeringen af en koncern-fælles Sustainability Policy i juni 2025 er der fastlagt klare standarder for miljø, sociale forhold og governance (ESG), som understøtter langsigtet værdi-skabelse og ansvarlig drift. Strategien “A Greener Way” definerer syv bæredygtig-hedsmål og forbereder koncernen på kommende CSRD-krav og rapportering efter ESRS-standarder. I 2025 gen-nemførte NDI Holding A/S sin første Double Materiality Assessment, som identificerede klima, forurening, for-retningsadfærd og arbejdsforhold som mest væsentlige områder.  Der er gennemført Governance tiltag som whistle-blowerordning, anti-korruptionspolitik og ansvarlig brug af AI. NDI Holding A/S vil i 2026 offentliggøre sin første bæredygtighedsrapport og fortsætte arbejdet med at luk-ke datagap i forhold til CSRD-krav. Målet er at skabe en robust ESG-ramme, der sikrer compliance, innovation og langsigtet konkurrenceevne. Corporate social responsibility report pursuant to section 99 a of the Danish Financial Statements ActBusiness model and engagementWith reference to the section § 99 a, subsection 7 of the Danisch Financial Statements Act and to the consolidated financial statements for NDI Holding A/S, CVR no. 20 19 85 08, the company has omitted to include CSR-information in the management report. CSR information can also be found on the company's website via the link: https://ndias.com/nyheder/ndi-group-annual-report-2024-2025. The business model includes ownership in subsidiaries. The activities include assembly and sale of tires and rims, production and sale of special rims and retreaded tires. The goal is to deliver first-class products, concepts and services and strive for a strong and trustworthy reputation in the Nordics and other countries where the company operates. This applies to all stakeholders, including customers, employees and suppliers. It involves considerable social and environmental awareness and responsibility. As a company in a family-owned group, NDI Holding A/S, the company naturally incorporates the family's values throughout the organization. These values are central to achieving strategic goals and promoting competitiveness. VisionWe want to be the best in the industry. AccountabilityThe company's code of responsibility is described in NDI Holdings A/S' section 'Report on the group's sustainability and CSR'. Here it is described that NDI Holding A/S has integrated sustainability as a central part of the group's strategy and business model. With the implementation of a group-wide Sustainability Policy in June 2025, clear standards for the environment, social conditions and governance (ESG) have been established, which support long-term value creation and responsible operations. The strategy "A Greener Way" defines seven sustainability goals and prepares the group for future CSRD requirements and reporting according to ESRS standards. In 2025, NDI Holding A/S carried out its first Double Materiality Assessment, which identified climate, pollution, business conduct and working conditions as the most significant areas. Governance initiatives such as whistleblower scheme, anti-corruption policy and responsible use of AI have been implemented. NDI Holding A/S will publish its first sustainability report in 2026 and continue work on closing data gaps in relation to CSRD requirements. The goal is to create a robust ESG framework that ensures compliance, innovation and long-term competitiveness. Redegørelse for sel­skabets politik for dataetik i henhold til årsregnskabslovens § 99 dMed henvisning til årsregnskabslovens § 99 d, stk. 3 og til koncernregnskabet for NDI Holding A/S, CVR-nr. 20 19 85 08 har selskabet undladt at medtage oplysninger om dataetik i ledelsesberetningen. Report on the company’s policy on data ethics according to section 99 d of the Danish Financial Statements ActWith reference to the section § 99 d, subsection 3 of the Danisch Financial Statements Act and to the consolidated financial statements for NDI Holding A/S, CVR no. 20 19 85 08, the company has omitted to include information on data ethics in the management report. Års­rap­por­ten for NDI Group A/S er af­lagt i over­ens­­stem­mel­se med års­regn­skabs­lo­vens be­stem­mel­ser for en stor klasse C-virksomhed.   Års­rap­porten er af­lagt ef­ter sam­me regn­skabs­prak­sis som sid­ste år og aflægges i danske kroner. The annual report for NDI Group A/S has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class C enterprises (large enterprises).   The accounting policies are unchanged from last year, and the annual report is presented in DKK. I hen­hold til års­regn­skabs­lo­vens § 112, stk. 1 er der ik­ke ud­ar­bej­det kon­cern­regn­skab. Års­regn­ska­bet for NDI Group A/S og til­knyt­te­de virk­som­he­der ind­går i kon­­cern­regn­ska­bet for NDI Holding A/S, Vejen, CVR nr. 20 19 85 08. No consolidated financial statements have been prepared pursuant to section 112, subsection 1 of the Danish Financial Statements Act. The financial statements of NDI Group A/S and its group enterprises are included in the consolidated financial statements for NDI Holding A/S, Vejen, CVR nr. 20 19 85 08. I hen­hold til års­regn­skabs­lo­vens § 86, stk. 4 er der ikke ud­ar­bej­det pen­ge­strøms­op­gø­rel­se for virk­som­he­den, idet den­ne er inde­holdt i pen­ge­strøms­op­gø­rel­sen i kon­­cern­regn­ska­bet for NDI Holding A/S. Pursuant to section 86, subsection 4 of the Danish Financial Statements Act, no statement of cash flows for the enterprise has been prepared, as the relevant information is included in the consolidated financial statements of NDI Holding A/S. Generelt om indregning og målingI re­sul­tat­op­gø­rel­sen ind­reg­nes ind­tæg­ter i takt med, at de ind­tje­nes. Her­un­der ind­reg­nes vær­di­re­gu­le­rin­ger af fi­­nan­siel­le ak­ti­ver og for­plig­tel­ser. I re­sul­tat­op­gø­rel­sen ind­reg­nes li­ge­le­des al­le om­kost­nin­ger, her­un­der af­skriv­nin­ger, ned­skriv­nin­ger og hen­sat­te for­plig­tel­ser samt til­ba­ge­førs­ler som føl­ge af æn­dre­de regn­skabs­mæs­si­ge skøn af be­løb, der tid­li­ge­re har væ­ret ind­reg­net i re­sul­tat­op­gø­rel­sen. Ak­ti­ver ind­reg­nes i ba­lan­cen, når det er sand­syn­ligt, at frem­ti­di­ge øko­no­mi­ske for­de­le vil til­fly­de sel­skabet, og ak­ti­vets vær­di kan må­les på­li­de­ligt. For­plig­tel­ser ind­reg­nes i ba­lan­cen, når det er sand­syn­­ligt, at frem­ti­di­ge øko­no­mi­ske for­de­le vil fra­gå sel­skabet, og for­plig­tel­sens vær­di kan må­les på­li­de­ligt. Ved før­ste ind­reg­ning må­les ak­ti­ver og for­plig­tel­ser til kost­pris. Ef­ter­føl­gen­de må­les ak­ti­ver og for­plig­tel­ser som be­skre­vet ne­den­for for hver en­kelt regn­skabs­post. Vis­se fi­nan­siel­le ak­ti­ver og for­plig­tel­ser må­les til amor­­ti­se­ret kost­pris, hvor­ved der ind­reg­nes en kon­stant ef­fek­tiv ren­te over lø­be­ti­den. Amor­ti­se­ret kost­pris op­gø­res som op­rin­de­lig kost­pris med fra­drag af even­tuel­le af­drag samt til­læg/fra­drag af den ak­ku­mu­le­re­de amor­ti­se­ring af for­skel­len mel­lem kost­pris og no­mi­nelt be­løb. Her­ved for­de­les kurs­tab og kurs­ge­vinst ov­er ak­ti­vets el­ler for­plig­tel­sens lø­be­tid. Ved ind­reg­ning og må­ling ta­ges hen­syn til for­ud­si­ge­li­ge tab og ri­si­ci, der frem­kom­mer in­den års­rap­por­ten af­læg­­ges, og som ved­rø­rer for­hold, der ek­si­ste­re­de på ba­lan­ce­da­gen. Recognition and measurement in generalIncome is recognised in the income statement con­cur­rent­ly with its realisation, including the recognition of value adjustments of financial assets and liabilities. Likewise, all costs are recognised in the income sta­te­ment, including depreciations amortisations, write-downs for impairment, provisions, and reversals due to chan­ges in estimated amounts previously recognised in the income statement. Assets are recognised in the statement of financial position when it seems probable that future economic benefits will flow to the company and the value of the asset can be reliably measured. Liabilities are recognised in the statement of financial position when it is seems probable that future economic benefits will flow out of the company and the value of the liability can be reliably measured. Assets and liabilities are measured at cost at the initial re­cognition. Hereafter, assets and liabilities are me­a­su­red as described below for each individual accounting item. Certain financial assets and liabilities are measured at amortised cost, allowing a constant effective interest rate to be recognised during the useful life of the asset or liability. Amortised cost is recognised as the original cost less any payments, plus/less accrued amortisations of the difference between cost and nominal amount. In this way, capital losses and gains are allocated over the useful life of the liability. Upon recognition and measurement, allowances are made for such predictable losses and risks which may arise prior to the presentation of the annual report and concern matters that exist on the reporting date. Omregning af fremmed valutaTrans­ak­tio­ner i frem­med va­lu­ta om­reg­nes til trans­ak­­tions­da­gens kurs. Va­lu­ta­kurs­dif­fe­ren­cer, der op­står mel­lem trans­ak­tions­da­gens kurs og kur­sen på be­ta­lings­da­gen, ind­reg­nes i re­sul­tat­op­gø­rel­sen som en fi­nan­siel post. Hvis va­lu­ta­po­si­tio­ner an­ses for sik­ring af frem­ti­di­ge pen­ge­strøm­me, ind­reg­nes vær­di­re­gu­le­rin­ger­ne di­rek­te på egen­ka­pi­ta­len i en dags­vær­di­re­ser­ve. Til­go­de­ha­ven­der, gæld og an­dre mo­ne­tæ­re pos­ter i frem­med va­lu­ta, om­reg­nes til ba­lan­ce­da­gens va­lu­ta­kurs. For­skel­len mel­lem ba­lan­ce­da­gens kurs og kur­sen på tids­punk­tet for til­go­de­ha­ven­dets el­ler gælds­for­pligtel­sens op­stå­en el­ler ind­reg­ning i se­ne­ste års­regn­skab ind­reg­nes i re­sul­tat­op­gø­rel­sen un­der fi­nan­siel­le ind­tæg­ter og om­kost­nin­ger. An­lægs­ak­ti­ver, der er købt i frem­med va­lu­ta må­les til kur­sen på trans­ak­tions­da­gen. Uden­land­ske til­knyt­te­de virk­som­he­der 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 i dags­vær­di­re­ser­ven i kon­cern­regn­ska­bet. Dette gæl­der og­så kurs­dif­fe­ren­cer, som er op­stå­et ved om­reg­ning af re­sul­tat­op­gø­rel­ser fra gen­nem­snits­kur­ser til ba­lan­ce­da­gens va­lu­ta­kur­ser. Kurs­re­gu­le­ring af mel­lem­væ­ren­der med uden­land­ske til­­knyt­te­de virk­som­he­der, der an­ses for en del af den sam­le­de in­ve­ste­ring i til­knyt­te­de virk­som­he­der, ind­reg­nes di­rek­te i egen­ka­pi­ta­len i dags­vær­di­re­ser­ven. Til­sva­ren­de ind­reg­nes va­lu­ta­kurs­ge­vin­ster og va­lu­ta­kurs­tab på lån og af­led­te fi­nan­siel­le in­stru­men­ter, som er ind­gå­et til kurs­sik­ring af selv­stæn­di­ge uden­land­ske til­knyt­te­de virk­som­he­der, di­rek­te i egen­ka­pi­ta­len. Foreign currency translationTransactions in foreign currency are translated by using the exchange rate prevailing at the date of the transaction. Differences in the rate of exchange arising between the rate at the date of transaction and the rate at the date of payment are recognised in the profit and loss account as an item under net financials. If currency positions are considered to hedge future cash flows, the value adjustments are recognised directly in equity in a fair value reserve. Receivables, payables, and other foreign currency monetary items are translated using the closing rate. The difference between the closing rate and the rate at the time of the occurrence or initial recognition in the latest financial statements of the receivable or payable is recognised in the income statement under financial income and expenses. Fixed assets acquired and paid for in foreign currency are measured at the exchange rate prevailing at the date of  the transaction. Group enterprises abroad are considered to be independent entities. The income statements are trans­lated at an average exchange rate for the month, and the balance sheet items are translated at the closing rates. Currency translation differences, arising from the translation of the equity of group enterprises abroad at the beginning of the year to the closing rate and from the translation of income statements from average prices to the closing rate, are recognised directly in equity in the fair value reserve in the Consolidated Financial Statement. This also applies to differences arising from translation of income statements from average exchange rate to closing rate. Translation adjustment of balances with group en­ter­pri­ses abroad that are considered part of the total in­vest­ment in group enterprises are recognised directly in e­qu­i­ty in the fair value reserve. Likewise, foreign exchange gains and losses on loans and derived financial in­stru­ments for currency hedging independent group en­ter­pri­ses abroad are recognised directly in equity. NettoomsætningSel­skabet har som for­tolk­nings­bi­drag for ind­reg­ning af net­to­om­sæt­ning valgt IAS 18. Net­to­om­sæt­ning ind­reg­nes i re­sul­tat­op­gø­rel­sen, så­fremt le­ve­ring og ri­si­ko­over­gang til kø­ber har fun­det sted in­den årets ud­gang, og så­fremt ind­tæg­ten kan op­gø­res på­li­de­ligt og for­ven­tes mod­ta­get. Net­to­om­sæt­ningen må­les til dags­vær­dien af det af­tal­te ve­der­lag eks­klu­si­ve moms og af­gif­ter og med fra­drag af ra­bat­ter i for­bin­del­se med sal­get. RevenueThe enterprise will be applying IAS 18 as its basis of interpretation for the recognition of revenue. Revenue is recognised in the income statement if delivery and passing of risk to the buyer have taken place before the end of the year and if the income can be determined reliably and inflow is anticipated. Revenue is measured at the fair value of the consideration promised exclusive of VAT and taxes and less any discounts relating directly to sales. VareforbrugVa­re­for­brug om­fat­ter om­kost­nin­ger til køb af han­dels­varer, rå­va­rer og hjæl­pe­ma­te­ri­a­ler med fra­drag af ra­bat­ter samt årets for­skyd­ning i va­re­be­hold­nin­ger. Cost of salesCost of sales comprises costs concerning purchase of goods for resale, raw materials and consumables less discounts and changes in inventories. Andre driftsindtægterAndre drifts­ind­tæg­ter inde­hol­der regn­skabs­pos­ter af se­kun­dær ka­rak­ter i for­hold til virk­som­he­dens ho­ved­ak­ti­vi­te­ter, her­un­der for­tje­ne­ste ved salg af im­ma­te­ri­el­le og ma­te­ri­el­le an­lægs­ak­ti­ver samt mod­tag­ne løn­re­fu­sio­ner.  Other operating incomeOther operating income comprises items of a secondary nature as regards the principal activities of the enterprise, including profit from the disposal of in­tan­gible and tangible assets as well as salary re­im­bur­se­ments received.  Andre eksterne omkostningerAndre eks­ter­ne om­kost­nin­ger om­fat­ter om­kost­ninger til di­stri­bu­tion, salg, re­kla­me, ad­mi­ni­stra­tion, lo­ka­ler, tab på de­bi­to­rer og ope­ra­tio­nel­le lea­sing­om­kost­nin­ger. Other external expensesOther external expenses comprise expenses incurred for distribution, sales, advertising, administration, premises, loss on receivables, and operational leasing costs. PersonaleomkostningerPer­so­na­le­om­kost­nin­ger om­fat­ter løn og ga­ger, in­klu­si­ve fe­rie­pen­ge og pen­sio­ner samt an­dre omkost­nin­ger til so­ci­al sik­ring mv. til sel­skabets med­ar­bej­de­re. Staff costsStaff costs include salaries and wages, including holiday allowances, pensions, and other social security costs, etc., for staff members. Af- og nedskrivningerAf- og ned­skriv­nin­ger in­de­hol­der årets af- og ned­skriv­­nin­ger af im­ma­te­ri­el­le og ma­te­ri­el­le an­lægs­ak­ti­ver. Depreciation, amortisation, and write-down for impairmentDepreciation, amortisation, and write-down for impairment comprise depreciation on, amortisation of, and write-down for impairment of intangible and tangible assets, respectively. Indtægter af ka­pi­tal­an­de­le i til­knyt­te­de virk­som­hed­erI re­sul­tat­op­gø­rel­sen ind­reg­nes den for­holds­mæs­si­ge an­del af de en­kel­te til­knyt­te­de virk­som­he­ders re­sul­tat ef­ter skat ef­ter fuld e­li­mi­ne­ring af in­tern a­van­ce. Results from investments in group enterprisesAfter full elimination of intercompany profit, the investment in the individual entities are recognised in the income statement as a proportional share of the entities' post-tax profit.   Finansielle indtægter og omkostningerFi­nan­siel­le ind­tæg­ter og om­kost­nin­ger ind­reg­nes i re­sul­tat­op­gø­rel­sen med de be­løb, der ved­rø­rer regn­skabs­året. Fi­nan­siel­le pos­ter om­fat­ter ren­te­ind­tæg­ter og -om­kost­nin­ger, fi­nan­si­el­le om­kost­nin­ger ved fi­nan­siel lea­sing, re­a­li­se­re­de og u­re­a­li­se­re­de kurs­ge­vin­ster og kurs­tab ved­rø­ren­de vær­di­pa­pi­rer, gæld og trans­ak­tio­ner i frem­med va­lu­ta, amor­ti­se­ring af fi­nan­si­el­le ak­ti­ver og for­plig­tel­ser samt til­læg og godt­gø­rel­ser un­der acon­to­skat­te­ord­nin­gen mv. Financial income and expensesFinancial income and expenses are recognised in the income statement with the amounts concerning the financial year. Financial income and expenses comprise interest income and expenses, financial expenses from financial leasing, realised and unrealised capital gains and losses relating to securities, debt and transactions in foreign currency, amortisation of financial assets and liabilities as well as surcharges and reimbursements under the advance tax scheme, etc. Skat af årets resultatÅrets skat, der be­står af årets ak­tu­el­le sel­skabs­skat og æn­dring i ud­skudt skat, ind­reg­nes i re­sul­tat­opgø­rel­sen med den del, der kan hen­fø­res til årets re­sul­tat, og di­rek­te i eg­en­ka­pi­ta­len med den del, der kan hen­fø­res til po­ste­rin­ger di­rek­te i eg­en­ka­pi­ta­len.  Mo­der­virk­som­he­den og de dan­ske til­knyt­te­de virk­som­he­der er om­fat­tet af de dan­ske reg­ler om tvun­gen sam­be­skat­ning af kon­cer­nens dan­ske ­virk­som­he­der. Den ak­tu­el­le dan­ske sel­skabs­skat for­de­les ved af­reg­ning af sam­be­skat­nings­bi­drag mel­lem de sambe­skat­te­de virk­som­he­der i for­hold til dis­ses skat­te­plig­ti­ge ind­koms­ter. I til­knyt­ning her­til mod­ta­ger virk­som­he­der med skat­te­mæs­sigt un­der­skud sam­be­skat­nings­bi­drag fra virk­som­he­der, der har kun­net an­ven­de det­te un­der­skud (fuld for­de­ling). Tax on net profit or loss for the yearTax for the year comprises the current income tax for the year and changes in deferred tax and is recognised in the income statement with the share attributable to the net profit or loss for the year and directly in equity with the share attributable to entries directly in equity.  The company is subject to Danish rules on compulsory joint taxation of Danish group enterprises. The current Danish income tax is allocated among the jointly taxed companies proportional to their respective taxable income (full allocation with reimbursement of tax losses). Immaterielle anlægsaktiverErhvervede immaterielle anlægsaktiverErhvervede immaterielle anlægsaktiver måles til kostpris med fradrag af akkumulerede afskrivninger og omfatter om­kostninger i forbindelse med ERP-system og soft­ware produkter med videre. Alene eksterne om­kost­nin­ger, der er afholdt, hvor omkostningen opfylder be­ting­elserne for indregning som et aktiv, medtages.  Erhvervede immaterielle anlægsaktiver afskrives over 3-10 år. GoodwillEr­hver­vet good­will må­les til kost­pris med fra­drag af ak­ku­mu­le­re­de af­skriv­nin­ger. Idet det ikke er mu­ligt at fast­sæt­te et på­li­de­ligt skøn over brugs­ti­den, er af­skriv­nings­pe­ri­o­den fast­sat til 5 år, baseret på en vurdering af de underliggende kartoteker som goodwill vedrører. Intangible assetsAcquired intangible assetsAcquired intangible assets are measured at cost less accumulated depreciation and include costs in con­nec­tion with the ERP system and software products etc. Only external costs incurred where the cost meets the conditions for recognition as an asset are included. Acquired intangible assets are depreciated over 3-10 years. GoodwillAcquired goodwill is measured at cost less accumulated amortisation. Given that it is impossible to make a re­li­able estimate of the useful life, the amortisation period is set at 5 years, based on an assessment of the underlying files to which goodwill relates. Materielle anlægsaktiverMaterielle anlægsaktiver må­les til kost­pris med fra­drag­­ af ak­ku­mu­le­re­de af­skriv­nin­ger og ned­skriv­nin­ger. Der af­skri­ves ik­ke på grun­de. Af­skriv­nings­grund­la­get er kost­pris med fra­drag af even­­tu­el for­ven­tet rest­vær­di ef­ter af­slut­tet brugs­tid. Af­skriv­nings­pe­ri­o­den og rest­vær­di­en fast­sæt­tes på an­skaf­fel­ses­tids­punk­tet og re­vur­de­res år­ligt. Over­sti­ger rest­vær­di­en ak­ti­vets regn­skabs­mæs­si­ge vær­di, op­hø­rer af­skriv­nin­gen. Kost­pri­sen om­fat­ter an­skaf­fel­ses­pri­sen samt om­kost­nin­­ger di­rek­te til­knyt­tet an­skaf­fel­sen ind­til det tids­punkt, hvor ak­ti­vet er klar til at bli­ve ta­get i brug. Der fo­re­ta­ges li­ne­ære af­skriv­nin­ger ba­se­ret på føl­gen­de vur­de­ring af ak­ti­ver­nes for­ven­te­de brugs­ti­der: Brugstid Andre anlæg, driftsmateriel og inventar3-10år For­tje­ne­ste el­ler tab ved af­hæn­del­se af ma­te­ri­el­le an­­lægs­ak­ti­ver op­gø­res som for­skel­len mel­lem salgs­pris med fra­drag af salgs­om­kost­nin­ger og den regn­skabs­mæs­si­ge vær­di på salgs­tids­punk­tet. For­tje­ne­ste el­ler tab ind­reg­nes i re­sul­tat­op­gø­rel­sen un­der an­dre drifts­ind­tæg­ter el­ler an­dre drifts­om­kost­nin­ger. Property, plant, and equipmentProperty, plant, and equipment are measured at cost less accrued depreciation and write-down for impairment. Land is not subject to depreciation. The depreciable amount is cost less any expected residual value after the end of the useful life of the asset. The amortisation period and the residual value are determined at the acquisition date and reassessed annually. If the residual value exceeds the carrying amount, the depreciation is discontinued. The cost comprises acquisition cost and costs directly associated with the acquisition until the time when the asset is ready for use. Depreciation is done on a straight-line basis according to an assessment of the expected useful life: Useful lifeOther fixtures and fittings,tools and equipment3-10years Profit or loss derived from the disposal of property, land, and equipment is measured as the difference between the sales price less selling costs and the carrying amount at the date of disposal. Profit or loss is recognised in the income statement as other operating income or other operating expenses. LeasingkontrakterSel­skabet har som for­tolk­nings­bi­drag for klas­si­fi­ka­tion og ind­reg­ning af lea­sing­kon­trak­ter valgt IAS 17. Lea­sing­kon­trak­ter ved­rø­ren­de ma­te­ri­el­le an­lægs­ak­ti­ver, hvor sel­skabet har al­le væ­sent­li­ge ri­si­ci og for­de­le for­­bun­det med ejen­doms­ret­ten (fi­nan­siel lea­sing), må­les ved før­ste ind­reg­ning i ba­lan­cen til la­ve­ste vær­di af dags­vær­di af det lea­se­de ak­tiv og nu­tids­vær­di­en af de frem­ti­di­ge lea­sing­y­del­ser. Ved be­reg­ning af nu­tids­vær­di­en an­ven­des lea­sing­af­ta­lens in­ter­ne ren­te­fod el­ler al­ter­na­tivt sel­skabets lå­ne­ren­te som dis­kon­te­ringsfak­tor. Fi­nan­sielt lea­se­de ak­ti­ver be­hand­les her­ef­ter som øv­ri­ge til­sva­ren­de ma­te­ri­el­le an­lægs­ak­ti­ver. Den ka­pi­ta­li­se­re­de rest­lea­sing­for­plig­tel­se ind­reg­nes i ba­­lan­cen som en gælds­for­plig­tel­se, og lea­sing­y­del­sens ren­te­del ind­reg­nes over kon­trak­tens lø­be­tid i re­sul­tat­op­gø­rel­sen. Alle øvrige lea­sing­kon­trak­ter be­hand­les som ope­ra­tio­nel lea­sing. Ydel­ser i for­bin­del­se med ope­ra­tio­nel lea­sing og øv­ri­ge le­je­af­ta­ler ind­reg­nes i re­sul­tat­op­gø­rel­sen over kon­trak­tens lø­be­tid. Sel­skabets sam­le­de forplig­tel­se ved­rø­ren­de ope­ra­tio­nel­le lea­sing­af­ta­ler og le­je­af­ta­ler op­ly­ses un­der even­tu­al­pos­ter. LeasesThe enterprise will be applying IAS 17 as its base of interpretation for recognition of classification and recognition of leases. At their initial recognition in the statement of financial position, leases concerning property, plant, and equipment where the company holds all essential risks and advantages associated with the proprietary right (finance lease) are measured either at fair value of the asset being leased or at the present value of the future lease payments, whichever value is lower. When calculating the present value, the discount rate used is the internal rate of return of the lease or, alternatively, the borrowing rate of the enterprise. Hereafter, assets held under a finance lease are treated in the same way as other similar property, plant, and equipment. The capitalised residual lease commitment is recognised in the statement of financial position as a liability other than provisions, and the interest part of the lease is recognised in the income statement for the term of the contract. All other leases are regarded as operating leases. Payments in connection with operating leases and other lease agreements are recognised in the income statement for the term of the contract. The company's total liabilities concerning operating leases and lease agreements are recognised under contingencies, etc. Ka­pi­tal­an­de­le i tilknyttede virksomhederKa­pi­tal­an­de­le i tilknyttede virksomheder ind­reg­nes og må­les ef­ter den in­dre vær­dis me­to­de. In­dre vær­dis me­to­de an­ven­des som en konsolideringsmetode. I ba­lan­cen ind­reg­nes ka­pi­tal­an­de­le i tilknyttede virksomheder til den for­holds­mæs­si­ge an­del af virk­som­he­dens regn­skabs­mæs­si­ge in­dre vær­di. Den­ne op­gø­res ef­ter mo­der­virk­som­he­dens regn­skabs­prak­sis med fra­drag el­ler til­læg af u­re­a­li­se­re­de kon­cern­in­ter­ne avan­cer og tab. Ka­pi­tal­an­de­le i tilknyttede virksomheder med regn­­skabs­mæs­sig ne­ga­tiv in­dre vær­di må­les til 0 kr., og et even­tu­elt til­go­de­ha­ven­de hos dis­se virk­som­he­der ned­skri­ves, i det om­fang til­go­de­ha­ven­det er uer­hol­de­ligt. I det om­fang mo­der­virk­som­he­den har en ret­lig el­ler fak­tisk for­plig­tel­se til at dæk­ke en un­der­ba­lan­ce, der over­sti­ger til­go­de­ha­ven­det, ind­reg­nes det re­ste­ren­de be­løb un­der hen­sat­te for­plig­tel­ser. Net­to­op­skriv­ning af ka­pi­tal­an­de­le i tilknyttede virksomheder over­fø­res un­der egen­ka­pi­ta­len til re­ser­ve for net­to­op­skriv­ning ef­ter den in­dre vær­dis me­to­de i det om­fang, den regn­skabs­mæs­si­ge vær­di over­sti­ger kost­prisen. Udbytter fra tilknyttede virksomheder, der for­ven­tes ved­ta­get in­den god­ken­del­sen af nær­væ­ren­de års­rap­port, bin­des ik­ke på op­skriv­nings­re­ser­ven. Re­ser­ven re­gu­le­res med an­dre egen­ka­pi­tal­be­væ­gel­ser i tilknyttede virksomheder. Ny­er­hver­ve­de el­ler ny­stif­te­de virk­som­he­der ind­reg­nes i års­regn­ska­bet fra an­skaf­fel­ses­tids­punk­tet. Solg­te el­ler af­vik­le­de virk­som­he­der ind­reg­nes frem til af­stå­el­ses­tids­­punk­tet. Investments in group enterprisesInvestments in group enterprises are recognised and measured by applying the equity method. The equity method is used as a method of consolidation. Investments in group enterprises are recognised in the statement of financial position at the proportionate share of the enterprise's equity value. This value is calculated in accordance with the parent's accounting policies with deductions or additions of unrealised intercompany gains and losses. Investments in group enterprises with a negative equity value are measured at DKK 0, and any accounts receivable from these enterprises are written down to the extent that the account receivable is uncollectible. To the extent that the parent has a legal or constructive obligation to cover an negative balance that exceeds the account receivable, the remaining amount is recognised under provisions. To the extent the equity exceeds the cost, the net revaluation of equity investments in group enterprises  transferred to the reserve under equity for net revaluation according to the equity method. Dividends from group enterprises expected to be adopted before the approval of this annual report are not subject to a limitation of the revaluation reserve. The reserve is adjusted by other equity movements in group enterprises. Newly acquired or newly established companies are recognised in the financial statement as of the time of acquisition. Sold or liquidated companies are recognised until the date of disposal. DepositaDeposita måles til amortiseret kostpris og udgøres af huslejedeposita mv. DepositsDeposits are measured at amortised cost and represent lease deposits, etc. Nedskrivning på anlægsaktiverDen regn­skabs­mæs­si­ge vær­di af så­vel im­ma­te­ri­el­le som ma­te­ri­el­le an­lægs­ak­ti­ver samt ka­pi­tal­an­de­le i tilknyttede virksomheder vur­de­res år­ligt for in­di­ka­tio­ner på vær­di­­for­rin­gel­se ud over det, som ud­tryk­kes ved af­skriv­ning. Fo­re­lig­ger der in­di­ka­tio­ner på vær­di­for­rin­gel­se, fo­re­ta­­ges ned­skriv­nings­test af hvert en­kelt ak­tiv hen­holds­vis grup­pe af ak­ti­ver. Der fo­re­ta­ges ned­skriv­ning til gen­ind­vin­dings­vær­di­en, så­fremt den­ne er la­ve­re end den regn­skabs­mæs­si­ge vær­di. Gen­ind­vin­dings­vær­di­en er den hø­je­ste vær­di af ka­pi­tal­­vær­di og salgs­vær­di fra­truk­ket for­ven­te­de om­kost­nin­ger ved et salg. Ka­pi­tal­vær­di­en op­gø­res som nu­tids­vær­di­en af de for­ven­te­de net­to­pen­ge­strøm­me fra an­ven­del­sen af ak­ti­vet el­ler ak­tiv­grup­pen og for­ven­te­de net­to­pen­ge­strøm­me ved salg af ak­ti­vet el­ler ak­tiv­grup­pen ef­ter endt brugs­tid. Tid­li­ge­re ind­reg­ne­de ned­skriv­nin­ger til­ba­ge­fø­res, når be­tin­gel­sen for ned­skriv­nin­gen ik­ke læn­ge­re be­står. Ned­skriv­nin­ger på good­will til­ba­ge­fø­res ik­ke. Impairment loss relating to non-current assetsThe carrying amount of both intangible and tangible fixed assets as well as equity investments in group enterprises are subject to annual impairment tests in order to disclose any indications of impairment beyond those expressed by amortisation and depreciation respectively. If indications of impairment are disclosed, impairment tests are carried out for each individual asset or group of assets, respectively. Write-down for impairment is done to the recoverable amount if this value is lower than the carrying amount. The recoverable amount is the higher value of value in use and selling price less expected selling cost. The value in use is calculated as the present value of the expected net cash flows from the use of the asset or the asset group and expected net cash flows from the sale of the asset or the asset group after the end of their useful life. Previously recognised impairment losses are reversed when conditions for impairment no longer exist. Impairment relating to goodwill is not reversed. VarebeholdningerVa­re­be­hold­nin­ger må­les til kost­pris på grund­lag af ve­je­­de gen­nem­snits­pri­ser. Er net­to­re­a­li­sa­tions­vær­di­en la­ve­re end kost­pri­sen, ned­skri­ves til den­ne la­ve­re vær­di. Kost­pris for han­dels­va­rer samt rå­va­rer og hjæl­pe­ma­te­ri­­a­ler om­fat­ter an­skaf­fel­ses­pris med til­læg af hjem­ta­gel­ses­om­kost­nin­ger. Net­to­rea­li­sa­tions­vær­di­en for va­re­be­hold­nin­ger op­gø­res som for­ven­tet salgs­pris med fra­drag af så­vel fær­dig­gø­­rel­ses­om­kost­nin­ger som om­kost­nin­ger, der af­hol­des for at ef­fek­tu­e­re sal­get. Net­to­re­a­li­sa­tions­vær­di­en fast­sæt­tes un­der hen­syn­ta­gen til om­sæt­te­lig­hed, ku­rans og ud­vik­ling i for­ven­tet salgs­pris. InventoriesInventories are measured at cost on the basis of weighted measured average prices. In cases when the net realisable value is lower than the cost, the latter is written down for impairment to this lower value. Costs of goods for resale, raw materials, and con­su­ma­bles comprise acquisition costs plus delivery costs. The net realisable value for inventories is recognised as the estimated selling price less costs of completion and selling costs. The net realisable value is determined with due consideration of negotiability, obsolescence, and the development of expected market prices. TilgodehavenderTil­go­de­ha­ven­der må­les til amor­ti­se­ret kost­pris, hvil­ket sæd­van­lig­vis sva­rer til no­mi­nel vær­di. Der ned­skri­ves til net­to­re­a­li­sa­tions­vær­di­en med hen­blik på at i­mø­de­gå for­ven­te­de tab. Virk­som­he­den har valgt at an­ven­de IAS 39 som for­tolk­nings­grund­lag ved ind­reg­­ning af ned­skriv­ning af fi­nan­siel­le ak­ti­ver, hvil­ket be­ty­der, at der skal fo­re­ta­ges ned­skriv­ning til imø­de­gå­el­se af tab, hvor der vur­de­res at være ind­truf­fet en ob­jek­tiv in­di­ka­tion på, at et til­go­de­ha­ven­de el­ler en por­te­føl­je af til­go­de­ha­ven­der er vær­di­for­rin­get. Hvis der fo­re­lig­ger en ob­jek­tiv in­di­ka­tion på, at et in­di­vi­du­elt til­go­de­ha­ven­de er vær­di­for­rin­get, fo­re­ta­ges ned­skriv­ning på in­di­vi­du­elt ni­veau. Tilgodehavender, hvorpå der ikke fo­re­lig­ger en ob­jek­tiv in­di­ka­tion på vær­di­for­rin­gel­se på in­di­vi­du­elt ni­veau, vur­de­res på por­te­føl­je­ni­veau for ob­jek­tiv in­di­ka­tion for vær­di­for­rin­gel­se. Por­te­føl­jer­ne ba­se­res primært på de­bi­to­rer­nes hjem­sted og kre­dit­vur­de­ring i over­ens­stem­mel­se med sel­ska­bets og kon­cer­nens kre­dit­ri­si­ko­sty­rings­po­li­tik. De ob­jek­ti­ve in­di­ka­to­rer, som an­ven­des for por­te­føl­jer, er fast­sat ba­se­ret på hi­sto­riske tabs­er­fa­rin­ger. Nedskrivninger op­gø­res som for­skel­len mel­lem den regn­skabs­mæs­si­ge vær­di af til­go­de­ha­ven­der og nu­tids­vær­di­en af de for­ven­te­de pen­ge­strøm­me, her­un­der rea­li­sa­tions­vær­di af even­tu­el­le mod­tag­ne sik­ker­heds­stil­lel­ser.  ReceivablesReceivables are measured at amortised cost, which usually corresponds to nominal value. In order to meet expected losses, impairment takes place at the net realisable value. The company has chosen to use IAS 39 as a basis for interpretation when re­cog­ni­sing impairment of financial assets, which means that im­pairments must be made to offset losses where an objective indication is deemed to have occurred that an account receivable or a portfolio of accounts receivable is impaired. If an objective indication shows that an individual account receivable has been impaired, an impairment takes place at individual level. Accounts receivable for which there is no objective indication of impairment at the individual level are evaluated at portfolio level for objective indication of impairment. The portfolios are primarily based on the debtors' domicile and credit rating in accordance with the company's and the group's credit risk management policy. Determination of the objective indicators applied for portfolios are based on experience with historical losses. Impairment losses are calculated as the difference between the carrying amount of accounts receivable and the present value of the expected cash flows, including the realisable value of any securities received.  Likvide beholdningerLi­kvi­de be­hold­nin­ger om­fat­ter in­de­stå­en­der i penge­in­sti­tut­ter og kon­tant­be­hold­nin­ger. Cash and cash equivalentsCash and cash equivalents comprise cash at bank and on hand. Selskabsskat og udskudt skatAk­tu­el­le skat­te­for­plig­tel­ser og til­go­de­ha­ven­de ak­tu­el skat ind­reg­nes i ba­lan­cen som be­reg­net skat af årets skat­te­plig­ti­ge ind­komst, re­gu­le­ret for skat af tid­li­ge­re års skat­te­plig­ti­ge ind­kom­ster og for be­tal­te acon­toskat­ter. Sel­ska­bet er sam­be­skat­tet med kon­cern­for­bund­ne dan­­ske sel­ska­ber. Den ak­tu­el­le sel­skabs­skat for­de­les mel­lem de sam­be­skat­te­de sel­ska­ber i for­hold til dis­ses skat­te­plig­ti­ge ind­kom­ster og med fuld for­de­ling med re­fu­sion ved­rø­ren­de skat­te­mæs­si­ge un­der­skud. De sam­be­skat­te­de sel­ska­ber ind­går i acon­to­skat­te­ord­nin­gen. Skyl­di­ge og til­go­de­ha­ven­de sam­be­skat­nings­bi­drag ind­reg­nes i ba­lan­cen som ”Til­go­de­ha­ven­de skat hos til­knyt­te­de virksomheder" el­ler ”Skyl­dig skat hos tilknyttede virk­somheder”. Ef­ter sam­be­skat­nings­reg­ler­ne hæf­ter NDI Group A/S so­li­da­risk og ube­græn­set over for skat­te­myn­dig­he­der­ne for sel­skabs­skat­ter og kil­de­skat­ter på ren­ter, royal­ties og ud­byt­ter op­stå­et inden for sam­be­skat­ningskred­sen. Ud­skudt skat må­les ef­ter den ba­lan­ce­ori­en­te­re­de gælds­­me­to­de af mid­ler­ti­di­ge for­skel­le mel­lem regn­skabs­mæs­sig og skat­te­mæs­sig vær­di af ak­ti­ver og for­plig­tel­ser op­gjort på grund­lag af den plan­lag­te an­ven­del­se af ak­ti­vet hen­holds­vis af­vik­ling af for­plig­tel­sen. Ud­skudt skat må­les til net­to­rea­li­sa­tions­vær­di. Der fo­re­ta­ges re­gu­le­ring af ud­skudt skat ved­rø­ren­de fo­­re­tag­ne eli­mi­ne­rin­ger af urea­li­se­re­de kon­cern­in­ter­ne avan­cer og -tab. Ud­skudt skat må­les på grund­lag af de skat­te­reg­ler og skat­te­sat­ser i de re­spek­ti­ve lan­de, der med ba­lan­ce­da­gens lov­giv­ning vil væ­re gæl­den­de, når den ud­skud­te skat for­ven­tes ud­løst som ak­tu­el skat. Æn­dring i udskudt skat som føl­ge af æn­drin­ger i skat­te­sat­ser ind­reg­nes i re­sul­tat­op­gø­rel­sen bort­set fra pos­ter, der fø­res di­rek­te på egen­ka­pi­ta­len. Ud­skud­te skat­te­ak­ti­ver, her­un­der skat­te­vær­di­en af frem­­før­sels­be­ret­ti­get skat­te­mæs­sigt un­der­skud, må­les til den vær­di, hvor­til ak­ti­vet for­ven­tes at kun­ne rea­li­se­res, en­ten ved ud­lig­ning i skat af frem­ti­dig ind­tje­ning el­ler ved mod­reg­ning i ud­skud­te skat­te­for­plig­tel­ser in­den for sam­me ju­ri­dis­ke skat­te­en­hed. Even­tu­el­le ud­skud­te net­to­skat­te­ak­ti­ver må­les til net­to­rea­li­sa­tions­vær­di. Income tax and deferred taxCurrent tax liabilities and current tax receivable are recognised in the statement of financial position as calculated tax on the taxable income for the year, adjusted for tax of previous years' taxable income and for tax paid on account. The company is jointly taxed with consolidated Danish companies. The current corporate income tax is distributed between the jointly taxed companies in proportion to their taxable income and with full distribution with reimbursement as to tax losses. The jointly taxed companies are comprised by the Danish tax prepayment scheme. Joint taxation contributions payable and receivable are recognised in the statement of financial position as ”Tax receivables from group enterprises" or "Income tax payable to group enterprises" According to the rules of joint taxation, NDI Group A/S is unlimitedly, jointly, and severally liable to pay the Danish tax authorities the total income tax, including withholding tax on interest, royalties, and dividends, arising from the jointly taxed group of companies. Deferred tax is measured on the basis of temporary differences in assets and liabilities with a focus on the statement of financial position. Deferred tax is measured at net realisable value. Adjustments take place in relation to deferred tax concerning elimination of unrealised intercompany gains and losses. Deferred tax is measured based on the tax rules and tax rates applying under the legislation prevailing in the res­pective countries on the reporting date when the deferred tax is expected to be released as current tax. Changes in deferred tax due to changed tax rates are re­cog­nised in the income statement, except for items included directly in the equity. Deferred tax assets, including the tax value of tax losses allowed for carryforward, are recognised at the value at which they are expected to be realisable, either by settlement against tax of future earnings or by set-off in deferred tax liabilities within the same legal tax unit. Any deferred net tax assets are measured at net realisable value. GældsforpligtelserFi­nan­siel­le gælds­for­plig­tel­ser ind­reg­nes ved lån­op­ta­gel­­se til det mod­tag­ne pro­ve­nu med fra­drag af af­hold­te trans­ak­tions­om­kost­nin­ger. I ef­ter­føl­gen­de pe­ri­o­der ind­reg­nes de fi­nan­siel­le for­plig­tel­ser til amor­ti­se­ret kost­pris sva­ren­de til den ka­pi­ta­li­se­re­de vær­di ved an­ven­del­se af den ef­fek­ti­ve ren­te, så­le­des at for­skel­len mel­lem pro­ve­nu­et og den no­mi­nel­le vær­di ind­reg­nes i re­sul­tat­op­gø­rel­sen over lå­ne­pe­ri­o­den. Gæld til kre­dit­in­sti­tut­ter er måles til amor­ti­se­ret kost­pris, hvilket sædvanligvis sva­rer til lå­nets rest­gæld.  I fi­nan­siel­le for­plig­tel­ser ind­reg­nes til­li­ge den kapi­ta­li­se­re­de rest­lea­sing­for­plig­tel­se på fi­nan­siel­le lea­sing­kon­trak­ter. Øvrige gælds­for­plig­tel­ser, som om­fat­ter gæld til le­ve­ran­dø­rer, til­knyt­te­de virk­som­he­der samt an­den gæld, må­les til amor­ti­se­ret kost­pris, hvil­ket sædvan­lig­vis sva­rer til no­mi­nel vær­di. Liabilities other than provisionsFinancial liabilities other than provisions related to borrowings are recognised at the received proceeds less transaction costs incurred. In subsequent periods, the financial liabilities are recognised at amortised cost, corresponding to the capitalised value when using the effective interest rate. The difference between the proceeds and the nominal value is recognised in the income statement during the term of the loan. Bank loans are thus measured at amortised cost which usually corresponds to the outstanding payables. Also, capitalised residual leasing liabilities associated with financial leasing contracts are recognised in the financial liabilities. Other liabilities concerning payables to suppliers, group enterprises, and other payables are measured at a­mor­ti­sed cost which usually corresponds to the nominal value. Segmentoplysninger Der gi­ves op­lys­nin­ger om geo­gra­fi­ske mar­ke­der. Seg­ment­op­lys­nin­ger­ne føl­ger sel­skabets regn­skabs­prak­sis, ri­si­ci og in­ter­ne øko­no­mi­sty­ring. Segmental statementInformation on geographical markets is provided. The segmental statement complies with the consolidated accounting policies, risks, and management control systems of the company. 30/6 202530/6 2024 13.Hensættelser til udskudt skatProvisions for deferred taxHensættelser til udskudt skat 1. juliProvisions for deferred tax 1 July149-823Udskudt skat af årets resultatDeferred tax relating to the net profit or loss for the year1.038972 1.187149 15.Pantsætninger og sikkerhedsstillelserCharges and securityFølgende aktiver er stillet til sikkerhed for bankforbindelser: Aktier i tilknyttede virksomheder med en regnskabsmæssig værdi på 339.380 t.kr.The following assets have been placed as security with bankers: Shares in group enterprises at a carrying amount of 339.380 DKK in thousands.  16.Kontraktlige forpligtelser og eventualposter m.v.Contractual obligations and contingencies, etc.Kontraktlige forpligtelser og eventualforpligtelserContractual obligations and contingent liabilitiesLeasingforpligtelser:Lease liabilities:Selskabet har indgået operationelle leasingkontrakter med en gennemsnitlig årlig leasingydelse på 6.135 t.kr. Leasingkontrakterne har en restløbetid på 3-57 måneder og en samlet restleasingydelse på 14.477 t.kr.IThe company has entered into operational leases with an average annual lease payment of 6.135 DKK in thousands. The leases have 3-57 months to maturity and total outstanding lease payments total 14.477 DKK in thousands. Lejeforpligtelser:Rental liabilities:Lejeforpligtelser udgør i alt 33.768 t.kr. pr. 30. juni 2025 med en uopsigelighedsperiode på 0-5 år, med en  gennemsnitlig måned husleje på 2.503 t.kr. Af de indgåede lejekontrakter vedrører 12.437 t.kr. tilknyttede  virksomheder.As at 30 Juni 2025 rental liabilities amounts to DKK 33.768 thousand with a termination period of  0-5 year,  with an  average annual monthly rent of 2.503 DKK in thousands.  Of the rental liibilities DKK 12.437 thousand relates to related parties  Kautionsforpligtelser:Recourse guarantee commitments:Selskabet har kautioneret overfor de tilknyttede virksomheders banklån og realkredit. De tilknyttede virksomheders kreditramme udgør pr. 30. juni 2025 i alt 1.076.635 t.kr.The company has guarateed the bankloans and mortagages of the group enterpriceses. The group enterprices' bank loan and mortagege of 30 June 2025 amount a total of 1.076.635 DKK in thousands. SambeskatningJoint taxationSel­ska­bet ind­går i den na­tio­nale sam­be­skat­ning med NDI Holding A/S, CVR-nr. 20 19 85 08, som er ad­mi­ni­stra­tions­sel­skab og hæf­ter ube­græn­set og so­li­da­risk med de øv­rige sam­be­skat­te­de sel­ska­ber for den sam­le­de sel­skabs­skat.With NDI Holding A/S, company reg. no 20 19 85 08 as administration company, the company is subject to the Danish scheme of joint taxation and unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, for the total corporation tax. Sel­ska­bet hæf­ter ube­græn­set og so­li­da­risk med de øv­rige sam­be­skat­te­de sel­ska­ber for even­tu­el­le for­plig­tel­ser til at in­de­hol­de kil­de­skat på ren­ter, royal­ties og ud­byt­ter.The company is unlimitedly, jointly, and severally liable, along with the other jointly taxed companies, for any obligations to withhold tax on interest, royalties, and dividends. De sam­be­skat­te­de virk­som­he­ders sam­le­de, kend­te net­to­for­plig­tel­se ved­rø­rende sel­skabs­skat frem­går af års­regn­ska­bet for ad­mi­ni­stra­tions­sel­ska­bet.The jointly taxed enterprises' total known net liability to the Danish tax authorities emerges from the financial statements of the administration company. Even­tu­el­le se­ne­re kor­rek­tio­ner af sel­skabs­skat­ter el­ler kil­de­skat­ter mv. vil kun­ne med­fø­re, at sel­ska­bets hæf­tel­se ud­gør et an­det be­løb.Any subsequent adjustments of corporate taxes or withholding tax, etc., may result in changes in the company's liabilities. 17.Nærtstående parterRelated partiesBestemmende indflydelseControlling interest NDI Holding A/S, Merkurvej 7, 6650 Brørup ModerselskabParent company TransaktionerTransactionsSelskabet har valgt kun at oplyse om transaktioner, der ikke er foretaget på normale markedsvilkår efter  årsregnskabslovens § 98 c, stk. 7. Alle transaktioner er gennemført på normale markedsvilkår.The company has chosen to only disclose transactions that have not been carried out under normal market conditions  pursuant to section 98 c (7). All transactions are conducted under normal market conditions. KoncernregnskabConsolidated financial statementsSel­ska­bet ind­går i kon­cern­regn­ska­bet for NDI Holding A/S.The company is included in the consolidated financial statements of NDI Holding A/S,  Koncernregnskabet for NDI Holding A/S kan rekvireres på følgende adresse: The consolidated financial statements for NDI Holding A/S can be requested at the following adress: NDI Holding A/S Merkurvej 7 6650 Brørup