26198402 2024-01-01 2024-12-31 26198402 2024-01-01 2024-12-31 1 26198402 2024-01-01 2024-12-31 1 26198402 2024-01-01 2024-12-31 2 26198402 2024-01-01 2024-12-31 3 26198402 2024-01-01 2024-12-31 4 26198402 2024-01-01 2024-12-31 1 26198402 2024-01-01 2024-12-31 2 26198402 2024-12-31 26198402 2023-12-31 fsa:ContributedCapitalMember 26198402 2023-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 26198402 2023-12-31 fsa:RetainedEarningsMember 26198402 2023-12-31 fsa:ProposedDividendRecognisedInEquityMember 26198402 2023-12-31 26198402 2024-01-01 2024-12-31 fsa:RetainedEarningsMember 26198402 2024-01-01 2024-12-31 fsa:ProposedDividendRecognisedInEquityMember 26198402 2024-01-01 2024-12-31 fsa:ContributedCapitalMember 26198402 2024-01-01 2024-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 26198402 2024-12-31 fsa:ContributedCapitalMember 26198402 2024-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 26198402 2024-12-31 fsa:RetainedEarningsMember 26198402 2024-12-31 fsa:ProposedDividendRecognisedInEquityMember 26198402 2024-01-01 2024-12-31 fsa:ShorttermDeferredIncomeMember 26198402 2023-01-01 2023-12-31 iso4217:DKK xbrli:pure The Board of Directors and the Executive Board have today considered and approved the annual report of Au2mate A/S for the financial year 01.01.2024 - 31.12.2024. 94354159 70987602 The annual report is presented in accordance with the Danish Financial Statements Act. 78449849 62997013 In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2024 and of the results of its operations for the financial year 01.01.2024 - 31.12.2024. 1407234 1134485 We believe that the management commentary contains a fair review of the affairs and conditions referred to therein. 14497076 6856104 We recommend the annual report for adoption at the Annual General Meeting. 10838085 3746803 Silkeborg 319432 251054 Henrik Andersen 172549 133781 Clara Frederikke Foss 0 50233 Carl Erik Skovgaard Sørensen 8020 134766 Karl Klaus Bruno Dam 25819122 10802743 Rasmus Blom 3390936 1551021 To the shareholders of Au2mate A/S 22428186 9251722 We have audited the financial statements of Au2mate A/S for the financial year 01.01.2024 - 31.12.2024, which comprise the income statement, balance sheet, statement of changes in equity and ​notes, including a summary of significant accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. ​ ​In our opinion, the financial statements give a true and fair view of the Entity’s financial position at 31.12.2024 and of the results of its operations for the financial year 01.01.2024 - 31.12.2024 in accordance with the Danish Financial Statements Act. 4659487 2940580 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 this auditor’s report. We are independent of the Entity 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. 718652 346820 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 Entity’s ability to continue as a going concern, for disclosing, as applicable, matters related to going concern, and for using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so. 5378139 3287400 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 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 Entity’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 Entity’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 ​Entity to cease to continue as a going concern.​Evaluate the overall presentation, structure and content of the financial statements, including the disclosures ​in the notes, 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 the 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. 11351242 4316321 1367211 1354529 Management is responsible for the management commentary. Our opinion on the financial statements does not cover the management commentary, 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 commentary and, in doing so, consider whether the management commentary is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether the management commentary provides the information required by relevant law and regulations.Based on the work we have performed, we conclude that the management commentary is in accordance with ​the financial statements and has been prepared in accordance with the requirements in the relevant law and regulations. We did not identify any material misstatement of the management commentary. 12718453 5670850 18096592 8958250 Silkeborg 27214756 34686090 Peter Mølkjær 11069463 7449526 mne24821 23894789 15384566 State Authorised Public Accountant 303257 49001 Rasmus Volert Madsen 4432452 0 mne45822 1179440 1002722 State Authorised Public Accountant 68094157 58571905 Financial highlights2024 DKK'0002023 DKK'0002022 DKK'0002021 DKK'0002020 DKK'000Key figuresGross profit/loss94,35470,98865,54470,89370,749Operating profit/loss14,4976,8566,52712,94312,292Net financials484200(199)(210)(236)Profit/loss for the year22,4289,2529,57112,99512,784Total assets99,97077,00582,06977,73376,380Investments in property, plant and equipment3,4985472,5951,441824Equity46,324 32,99932,81036,21935,639RatiosReturn on equity (%)56.4428.1227.7336.4028.76Equity ratio (%)46.3442.8539.9846.5946.66Financial highlights are defined and calculated in accordance with the current version of "Recommendations & Ratios" issued by the CFA Society Denmark.Return on equity (%) :Profit/loss for the year * 100 Average equityEquity ratio (%) :Equity * 100 Total assets 61200 58080 Primary activitiesThe Company’s main activities are sale, development and production of process automation solutions for ​domestic and foreign customers. 61200 58080 Development in activities and financesThe Company’s income statement for 2024 shows a profi t of DKK 22,428k, and the Company’s balance sheet at 31.12.2024 shows equity of DKK 46,324k. 13718279 9417242 Profit/loss for the year in relation to expected developmentsThe profi t in 2024 is considered satisfactory and in line with the Company’s expectations from the fi nancial statement 2023. 81873636 68047227 Uncertainty relating to recognition and measurementThe Company is an order-producing project enterprise. The value of work in progress is recognized based on the stage of completion and associated with estimates / uncertainties. 99970228 77005477 OutlookFor the fi nancial year 2025 the Company expects a level of earnings in the range of DKK 23 to 28 million. 3000000 3000000 Events after the balance sheet dateNo events have occurred after the balance sheet date to this date, which would influence the evaluation of this annual report. 10693440 3716321 This annual report has been prepared in accordance with the provisions of the Danish Financial Statements Act governing reporting class C enterprises (medium).The accounting policies applied to these financial statements are consistent with those applied last year. 14630965 17283062 Consolidated financial statementsReferring to section 112(1) of the Danish Financial Statements Act, no consolidated financial statements have been prepared. 18000000 9000000 Recognition and measurementAssets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Entity, and the value of the asset can be measured reliably. Liabilities are recognised in the balance sheet when the Entity has a legal or constructive obligation as a result of a prior event, and it is probable that future economic benefits will flow out of the Entity, and the value of the liability can be measured reliably. On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item. Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement. Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year. 46324405 32999383 Foreign currency translationOn initial recognition, foreign currency transactions are translated applying the exchange rate at the transaction date. Receivables, payables and other monetary items denominated in foreign currencies that have not been settled at the balance sheet date are translated using the exchange rate at the balance sheet date. Exchange differences that arise between the rate at the transaction date and the rate in effect at the payment date, or the rate at the balance sheet date, are recognised in the income statement as financial income or financial expenses. ​​Property, plant and equipment, intangible assets, inventories and other non-monetary assets that have been purchased in foreign currencies are translated using historical rates.​​When recognising foreign subsidiaries and associates that are independent entities, the income statements ​are translated at average exchange rates for the months that do not significantly deviate from the rates at the transaction date. Balance sheet items are translated using the exchange rates at the balance sheet date. Goodwill​is considered belonging to the independent foreign entity and is translated using the exchange rate at the balance sheet date. Exchange differences arising out of the translation of foreign subsidiaries’ equity at the ​​beginning of the year at the balance sheet date exchange rates and out of the translation of income statements from average rates to the exchange rates at the balance sheet date are classified directly as equity.​​Exchange adjustments of outstanding accounts with independent foreign subsidiaries, which are considered ​part of the total investment in the subsidiary in question, are classified directly as equity.When recognising foreign subsidiaries that are integral entities, monetary assets and liabilities are translated using the exchange rates at the balance sheet date. Non-monetary assets and liabilities are translated at the exchange rate at the time of acquisition or the time of any subsequent revaluation or writedown. The items of the​income statement are translated at the average rates of the months; however, items deriving from non-monetary​assets and liabilities are translated using the historical rates applicable to the relevant non-monetary items. 15595000 7771612 2064000 1635000 Gross profit or lossGross profit or loss comprises revenue, own work capitalised, other operating income, cost of raw materials and consumables and external expenses. 17659000 9406612 RevenueRevenue from the sale of manufactured goods and goods for resale is recognised in the income statement when delivery is made and risk has passed to the buyer. Revenue from the sale of services is recognised in the income statement when delivery is made to the buyer. Revenue is recognised net of VAT, duties and sales discounts and is measured at fair value of the consideration fixed.Contract work in progress is included in revenue based on the stage of completion so that revenue corresponds to the selling price of the work performed in the financial year (the percentage-of-completion method). 8205796 10056742 Other operating incomeOther operating income comprises income of a secondary nature as viewed in relation to the Entity’s primary activities, including profit from the sale of intangible assets and property, plant and equipment, and salary refunds. 7227672 6472824 Cost of salesExpenses for raw materials and consumablescomprise the raw materials and consumables consumedto achieve revenue for the year. 4955372 4886457 Other external expensesOther external expenses include expenses relating to the Entity’s ordinary activities, including expenses for premises, stationery and office supplies, marketing costs, etc. This item also includes writedowns of receivables recognised in current assets. 41955 61675 Staff costsStaff costs comprise salaries and wages, and social security contributions, pension contributions, etc for entity staff. 0 1125633 Depreciation, amortisation and impairment lossesDepreciation, amortisation and impairment losses relating to property, plant and equipment and comprise depreciation, amortisation and impairment losses for the financial year, and gains and losses from the sale of property, plant and equipment. 14511718 11177771 Income from investments in group enterprisesIncome from investments in group enterprises comprises the pro rata share of the individual ​enterprises’ profit/loss after full elimination of intra-group profits or losses. 1044310 818380 Other financial income from group enterprisesOther financial income from group enterprises comprises interest income etc on receivables from group enterprises.Other financial incomeOther financial income comprises interest income, including interest income on payables and transactionsin foreign currencies as well as tax reliefunder the Danish Tax Prepayment Scheme etc 35986823 34599482 35986823 34599482 Financial expenses from group enterprisesFinancial expenses from group enterprises comprise interest expenses etc from payables to group enterprises.Other financial expensesOther financial expenses comprise interest expenses,including payables and transactions inforeign currencies as well as tax surcharge underthe Danish Tax Prepayment Scheme etc. 99970228 77005477 3000000 85 Tax on profit/loss for the yearTax for the year, which consists of current tax for the year and changes in deferred tax, is recognised in the income statement by the portion attributable to the profit for the year and recognised directly in equity bythe portion attributable to entries directly in equity. The Entity is jointly taxed with all Danish group enterprises. The current Danish income tax is allocated among the jointly taxed entities proportionally to their taxable income (full allocation with a refund concerning tax losses). 3716321 2478165 Property, plant and equipmentOther fixtures and fittings, tools and equipmentare measured at cost less accumulated depreciationand impairment losses. Cost comprises the acquisition price, costs directly attributable to the acquisition and preparation costs ofthe asset until the time when it is ready to be put into operation. The basis of depreciation is cost less estimated residual value after the end of useful life. Straight-line depreciation is made on the basis of the following estimated useful lives of the assets: Useful life Other fixtures and fittings, tools and equipment3-10 yearsLeasehold improvements3-10 yearsEstimated useful lives and residual values are reassessed annually. Items of property, plant and equipment are written down to the lower of recoverable amount and carrying amount. 17283062 Investments in group enterprisesInvestments in group enterprises are recognised and measured according to the equitymethod. This means that ​investments are measured at the pro rata share of the enterprises’ equity value. ​​Group enterprises with negative equity value are measured at DKK 0. Any receivables from these enterprises ​are written down to net realisable value based on a specific assessment. If the Parent has a legalor constructive ​obligation to cover the liabilities of the relevant enterprise, and it is probable that suchobligation will involve a ​loss, a provision is recognised that is measured at present value of the costsnecessary to settle the obligations at ​the balance sheet date. ​​Upon distribution of profit or loss, net revaluation of investments in group enterprises is transferred toReserve ​for net revaluation according to the equity method under equity. ​​Investments in group enterprises are written down to the lower of recoverable amount and carrying amount. 9000000 251722 ReceivablesReceivables are measured at amortised cost, usually equalling nominal value less writedowns for bad and doubtful debts. Contract work in progressContract work in progress is measured at the selling price of the work carried out at the balance sheet date. The selling price is measured based on the stage of completion and the total estimated income from the individual contracts in progress. Usually, the stage of completion is determined as the ratio of actual to total budgeted consumption of resources. If the selling price of a project in progress cannot be made up reliably, it is measured at the lower of costs incurred and net realisable value. Each contract in progress is recognised in the balance sheet under receivables or liabilities other than provisions, depending on whether the net value, calculated as the selling price less prepayments received, ispositive or negative. Costs of sales work and of securing contracts, and finance costs are recognised in the income statement as incurred. 0 Joint taxation contributions receivable or payableCurrent joint taxation contributions payable or joint taxation contributions receivable are recognised in the balance sheet, calculated as tax computed on the taxable income for the year, which has been adjusted for prepaid tax. For tax losses, joint taxation contributions receivable are only recognised if such losses are expected to be used under the joint taxation arrangement. 9000000 PrepaymentsPrepayments comprise incurred costs relating to subsequent financial years. Prepayments are measured at cost. 9000000 Other investmentsOther current asset investments comprise listed securities measured at fair value (market price) at the balance sheet date. 0 CashCash comprises cash in hand and bank deposits. 103164 DividendDividend is recognised as a liability at the time of adoption at the general meeting. Proposed dividend for the financial year is disclosed as a separate item in equity. Extraordinary dividend adopted in the financial year is recognised directly in equity when distributed and disclosed as a separate item in Management's proposal for distribution of profit/loss. 0 Deferred taxDeferred tax is recognised on all temporary differencesbetween the carrying amount and tax-basedvalue of assets and liabilities, for which the taxbaseis calculated based on the planned use ofeach asset or the planned settlement of each liability. Deferred tax assets, including the tax base of tax loss carryforwards, are recognised in the balance sheet at their estimated realisable value, either as a set-off against deferred tax liabilities or as net tax assets. 0 Other provisionsOther provisions comprise anticipated costs of non-recourse guarantee commitments. Other provisions are recognised and measured as the best estimate of the expenses required to settle the liabilities at the balance sheet date. Provisions that are estimated to mature more than one year after the balance sheet date are measured at their discounted value. Non-recourse guarantee commitments comprise commitments to remedy defects and deficiencies within the guarantee period. Once it is probable that total costs will exceed total income from a contract in progress, provision is made for the total loss estimated to result from the relevant contract. 103164 Other financial liabilitiesOther financial liabilities are measured at amortised cost, which usually corresponds to nominal value. 7080283 Deferred incomeDeferred income comprises income received for recognition in subsequent financial years. Deferred income is measured at cost. -2652097 Cash flow statementReferring to Section 86(4) of the Danish FinancialStatements Act, no cash flow statement is prepared as the Company is included in the cashflows of the higher-level N. Foss & Co. A/S Group. 18000000 true Grundlag for konklusion 3000000 Konklusion 10693440 2025-04-22 14630965 2025-04-22 18000000 Regnskabsklasse C, mellemstor virksomhed 33963556 1 Staff costs2024 DKK2023 DKKWages and salaries68,526,90554,634,456Pension costs9,097,9477,659,709Other social security costs824,997702,84878,449,84962,997,013Average number of full-time employees9985Remuneration of Management2024 DKKRemuneration of Management 2023 DKKTotal amount for management categories2,410,7122,478,1652,410,7122,478,165Remuneration of Management is presented on a total amount for management categories with reference to Sextion 98b (3) of Danish Financial Statements Act 2023-01-01 99 2023-12-31 Remuneration of Management2024 DKKRemuneration of Management 2023 DKKTotal amount for management categories2,410,7122,478,1652,410,7122,478,165 8600 2410712 Silkeborg 2 Depreciation, amortisation and impairment losses2024 DKK2023 DKKDepreciation of property, plant and equipment1,407,2341,134,4851,407,2341,134,485 26 3 Tax on profit/loss for the year2024 DKK2023 DKKCurrent tax01,125,633Change in deferred tax7,823,388446,823Adjustment concerning previous years0(21,435)Refund in joint taxation arrangement(4,432,452)03,390,9361,551,021 Papirfabrikken 4 Proposed distribution of profit and loss2024​DKK2023​DKKOrdinary dividend for the financial year18,000,0009,000,000Retained earnings4,428,186251,722 22,428,1869,251,722 Deloitte Statsautoriseret Revisionspartnerselskab Silkeborg 4428186 Silkeborg 8600 5 Property, plant and equipmentOther fixtures and fittings, tools and equipment DKKLeasehold improvements DKKCost beginning of year14,960,101632,895Additions2,965,800532,173Disposals(119,951)0Cost end of year17,805,9501,165,068Depreciation and impairment losses beginning of year(12,019,521)(286,075)Depreciation for the year(1,246,893)(160,341)Reversal regarding disposals119,9510Depreciation and impairment losses end of year(13,146,463)(446,416)Carrying amount end of year4,659,487718,652 Revisionspåtegning 6 Financial assetsInvestments in group enterprises​DKKDeposits​DKKCost beginning of year600,0001,354,529Additions012,682Cost end of year600,0001,367,211Revaluations beginning of year3,716,3210Exchange rate adjustments(103,164)0Share of profit/loss for the year10,838,0850Dividend(3,700,000)0Revaluations end of year10,751,2420Carrying amount end of year11,351,2421,367,211Investments in subsidiariesRegistered inCorporate formEquity​interest​%Au2mate International ApSSilkeborgApS100.00Au2mate Process Automation Partner Sverige ABSverigeAB60.00Process Automation Partner FZ-LLCDubaiLLC60.00Au2mate Ltd.EnglandLtd.60.00Au2mate Norge ASNorgeAS80.00Au2mate Zealand A/SHIllerødA/S80.00Au2mate Fyn A/SOdenseA/S60.00Au2mate Deutschland GmbHGermanyGmbH100.00Au2mate Australia Pty. Ltd. Australia.Ltd.100.00Au2mate Portugal, LDAPortugalLDA80.00Au2mate Netherlands B.V.HollandB.V.51.00 2024-12-31 2024-01-01 7 Contract work in progress2024 DKK2023 DKKContract work in progress80,342,01741,880,490Progress billings regarding contract work in progress(77,478,350)(44,487,706)Transferred to liabilities other than provisions8,205,79610,056,74211,069,4637,449,526 8 PrepaymentsPrepayments consists of prepaid expenses related to the Company’s activities. 9 Deferred tax2024 DKK2023 DKKProperty, plant and equipment160,244(40,384)Receivables15,888,8368,171,696Provisions(454,080)(359,700)Deferred tax15,595,0007,771,612 Changes during the year2024 DKK2023 DKKBeginning of year7,771,6127,324,789Recognised in the income statement7,823,388446,823End of year15,595,0007,771,612 11 10 Other provisionsOther provisions comprise expected guarantee costs relating to previously recognised revenue. Frichsvej 11 Deferred incomeDeferred income consists of preinvoiced service contracts with customers. Au2mate A/S 12 Fair value informationShares DKKFair value end of year58,080Unrealised fair value adjustments recognised in the income statement3,924 26198402 13 Unrecognised rental and lease commitments2024 DKK2023 DKKLiabilities under rental or lease agreements until maturity in total15,183,06116,799,847 33963556 14 Contingent liabilitiesThe Entity participates in a Danish joint taxation arrangement where N. Foss & Co. A/S serves as the administration company. According to the joint taxation provisions of the Danish Corporation Tax Act, the Entity is therefore secondarily liable for income taxes etc for the jointly taxed entities, which is limited to the equity interest by which the entity participates in the Group, as well as secondarily liable for obligations, if any, relating to thewithholding of tax on interest, royalties and dividend for the jointly taxed entities. The jointly taxed entities' total known net liability under the joint taxation arrangement is disclosed in the administration company's financial statements 2300 København S 15 Assets charged and collateralThe company has provided a payment guarantee totalling DKK 267,000 as security to SEB Denmark (Mastercard guarantee).Collateral provided for group enterprisesThe Entity has guaranteed the group enterprises’ payment gurantee totalling DKK 1.049.490 as security to the landlord for lease agreement. Weidekampsgade 6 16 Non-arm’s length related party transactionsOnly related party transactions not conducted on an arm’s length basis are disclosed in the annual report.​ No such transactions have been conducted in the financial year. Deloitte Statsautoriseret Revisionspartnerselskab 17 Group relationsName and registered office of the Parent preparing consolidated financial statements for the smallest group: N. Foss & Co. A/S, Hillerød Årsrapport 2025-04-22 Rasmus Blom