54274718 2025-01-01 2025-12-31 54274718 2025-01-01 2025-12-31 0 54274718 2025-01-01 2025-12-31 0 54274718 2024-01-01 2024-12-31 1 54274718 2023-01-01 2023-12-31 2 54274718 2022-01-01 2022-12-31 3 54274718 2021-01-01 2021-12-31 4 54274718 2025-01-01 2025-12-31 0 54274718 2025-01-01 2025-12-31 1 54274718 2025-01-01 2025-12-31 2 54274718 2025-01-01 2025-12-31 3 54274718 2025-01-01 2025-12-31 cmn:OtherRenderingOfReportedValueMember 54274718 2024-01-01 2024-12-31 cmn:OtherRenderingOfReportedValueMember 54274718 2023-01-01 2023-12-31 54274718 2022-01-01 2022-12-31 54274718 2021-01-01 2021-12-31 54274718 2025-12-31 cmn:OtherRenderingOfReportedValueMember 54274718 2024-12-31 cmn:OtherRenderingOfReportedValueMember 54274718 2023-12-31 54274718 2022-12-31 54274718 2021-12-31 54274718 2024-01-01 2024-12-31 54274718 2025-12-31 54274718 2024-12-31 54274718 2023-12-31 fsa:ContributedCapitalMember 54274718 2023-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 54274718 2024-01-01 2024-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 54274718 2023-12-31 fsa:ReserveForCurrentValueOfHedgingMember 54274718 2023-12-31 fsa:RetainedEarningsMember 54274718 2024-01-01 2024-12-31 fsa:RetainedEarningsMember 54274718 2023-12-31 fsa:ProposedDividendRecognisedInEquityMember 54274718 2024-01-01 2024-12-31 fsa:ProposedDividendRecognisedInEquityMember 54274718 2023-12-31 fsa:EquityAttributableToParentMember 54274718 2024-01-01 2024-12-31 fsa:EquityAttributableToParentMember 54274718 2024-01-01 2024-12-31 fsa:ContributedCapitalMember 54274718 2024-01-01 2024-12-31 fsa:ReserveForCurrentValueOfHedgingMember 54274718 2024-12-31 fsa:ContributedCapitalMember 54274718 2024-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 54274718 2024-12-31 fsa:ReserveForCurrentValueOfHedgingMember 54274718 2024-12-31 fsa:RetainedEarningsMember 54274718 2024-12-31 fsa:ProposedDividendRecognisedInEquityMember 54274718 2024-12-31 fsa:EquityAttributableToParentMember 54274718 2025-01-01 2025-12-31 fsa:ContributedCapitalMember 54274718 2025-01-01 2025-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 54274718 2025-01-01 2025-12-31 fsa:ReserveForCurrentValueOfHedgingMember 54274718 2025-01-01 2025-12-31 fsa:RetainedEarningsMember 54274718 2025-01-01 2025-12-31 fsa:ProposedDividendRecognisedInEquityMember 54274718 2025-01-01 2025-12-31 fsa:EquityAttributableToParentMember 54274718 2025-12-31 fsa:ContributedCapitalMember 54274718 2025-12-31 fsa:ReserveForNetRevaluationAccordingToEquityMethodMember 54274718 2025-12-31 fsa:ReserveForCurrentValueOfHedgingMember 54274718 2025-12-31 fsa:RetainedEarningsMember 54274718 2025-12-31 fsa:ProposedDividendRecognisedInEquityMember 54274718 2025-12-31 fsa:EquityAttributableToParentMember xbrli:pure iso4217:DKK Regnskabsklasse C, mellemstor virksomhed 2025-01-01 true 54274718 2024-01-01 2024-12-31 regnskabspraksis <table width="100%"><tr><td>Financial highlights</td><td>Year</td><td>Year</td><td>Year</td><td>Year</td><td>Year</td></tr></table> Key figures <table width="100%"><tr><td>Financial highlights</td><td>Year</td><td>Year</td><td>Year</td><td>Year</td><td>Year</td></tr></table> Key figures <table width="100%"><tr><td>Financial highlights</td><td>Year</td><td>Year</td><td>Year</td><td>Year</td><td>Year</td></tr></table> Key figures <table width="100%"><tr><td>Financial highlights</td><td>Year</td><td>Year</td><td>Year</td><td>Year</td><td>Year</td></tr></table> Key figures <table width="100%"><tr><td>Financial highlights</td><td>Year</td><td>Year</td><td>Year</td><td>Year</td><td>Year</td></tr></table> Key figuresKey figures   Annual report 54274718 Scangrip A/S Rytterhaven 9 5700 Svendborg xWizard version 1.1.1504.0, by EasyX Aps. www.easyx.eu Independent Auditor’s Report Basis for Opinion Opinion mne31450 0.266 0.253 0.384 0.39 0.387 Scangrip A/S Rytterhaven 9 Svendborg Martin Kjær Petersen Statement by Management The Board of Directors and the Executive Board have today discussed and approved the annual report of Scangrip A/S for   the financial year 1 January – 31 December 2025. 2025-12-31 The annual report has been prepared in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December   2025 and of the results of its operations for the financial year 1 January – 31 December 2025.   Further, in our opinion, the Management's review gives a fair review of the development in the Company's operations   and financial matters, the results for the year and the Company's financial position.   We recommend that the annual report be approved at the annual general meeting. Svendborg 2026-03-30 Martin Kjær Petersen Colin Mackenzie Chair Ida Josefina Saalman Pelle Erik Werner Widën Martin Kjær Petersen Independent auditor's report To the shareholders of Scangrip A/S Opinion We have audited the financial statements of Scangrip A/S for the financial year 1 January – 31 December 2025, which comprise income statement, balance sheet, statement of changes in equity, and notes, including accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2025 and of the results of the Company's operations for the financial year 1 January – 31 December 2025 in accordance with the Danish Financial Statements Act. Basis for opinion   We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements   applicable in Denmark. Our responsibilities under those standards and requirements are further described in the   "Auditor's responsibilities for the audit of the financial statements" section of our report. We believe that the audit   evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.   Independence   We are independent of the Company in accordance with the International Ethics Standards Board for Accountants'   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.   Management's responsibilities for the financial statements   Management is responsible for the preparation of financial statements that give a true and fair view in accordance with   the Danish Financial Statements Act and for such internal control as Management determines is necessary to enable the   preparation of financial statements that are free from material misstatement, whether due to fraud or error.   In preparing the financial statements, Management is responsible for assessing the Company's ability to continue as a   going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting   in preparing the financial statements unless Management either intends to liquidate the Company or to cease   operations, or has no realistic alternative but to do so.   Auditor's responsibilities for the audit of the financial statements   Our objectives are to obtain reasonable assurance as to whether the financial statements as a whole are free from   material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.   Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs   and additional requirements applicable in Denmark will always detect a material misstatement when it exists.   Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could   reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.   As part of an audit conducted in accordance with ISAs and additional requirements applicable in Denmark, we exercise   professional judgement and maintain professional scepticism throughout the audit. We also:   Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error,   design and perform audit procedures responsive to those risks and obtain audit evidence that is sufficient and   appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from   fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,   misrepresentations or the override of internal control.   Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are   appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the   Company's internal control.   Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and   related disclosures made by Management.   Conclude on the appropriateness of Management's use of the going concern basis of accounting in preparing the   financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to   events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we   conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related   disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions   are based on the audit evidence obtained up to the date of our auditor's report. However, future events or   conditions may cause the Company to cease to continue as a going concern.   Evaluate the overall presentation, structure and contents of the financial statements, including the note disclosures,   and whether the financial statements represent the underlying transactions and events in a manner that gives a true   and fair view.   We communicate with those charged with governance regarding, among other matters, the planned scope and timing of   the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our   audit.   Independent auditor's report Statement on the Management's review   Management is responsible for the Management's review.   Our opinion on the financial statements does not cover the Management's review, and we do not express any form of   assurance conclusion thereon.   In connection with our audit of the financial statements, our responsibility is to read the Management's review and, in   doing so, consider whether the Management's review is materially inconsistent with the financial statements or our   knowledge obtained during the audit, or otherwise appears to be materially misstated.   Moreover, it is our responsibility to consider whether the Management's review provides the information required under   the Danish Financial Statements Act.   Based on the work we have performed, we conclude that the Management's review is in accordance with the financial   statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did   not identify any material misstatement of the Management's review.   Odense 2026-03-30 EY Godkendt Revisionspartnerselskab 30700228 Søren Smedegaard Hvid State Authorised Public Accountant Financial highlights 73856000 35201000 -134000 74136000 34986000 1942000 80485000 45873000 799000 74847000 37888000 2571000 73755000 35300000 -1146000 28147000 29199000 29684000 36037000 30475000 127742000 1951000 106196000 137268000 1377000 109842000 139221000 2024000 106798000 99582000 2371000 90333000 94736000 1910000 62600000 Return of investment Return of investment Return of investment Return of investment Return of investment 83.1 27 80 27.4 76.7 37.7 90.7 47.1 66.1 51.7 48 45 44 45 46 Please find definitions and terms of calculations in the section for accounting policies   Principal activities   The company´s principal activity consists of production and sales of work lights and special tools for automobile- and   industrial companies.   Development in activities and financial result   The result of the year shows a profit of 29.199 TDKK after tax and is in line with the management expectations.   The board of directors finds the result for the year satisfactory.   Investments   The investments of the year in tangible assets for 1.951 TDKK are mainly related to investment in equipment for   producing goods to the company as well as equipment for use by the company.   Capital ressources   The equity amounts as per 31 December 2025 to 106.196 TDKK. (2024: 109.842 TDKK) corresponding to an equity ratio of   83,1% (2024: 80,0%).   Financial risks and use of financial instruments   Currency risks   The company´s purchases of goods are settled to suppliers in foreign currency. The associated currency risk is minimized   prior to the coming year by hedging the future purchase of goods.   Credit risks   It is company policy to avoid risks on receivables and achieving revenue as much as possible. The company pursues a   strict credit policy for receivables and demands prepayment from new customers if the basis for granting a credit   condition is not available.   Impact on the external environment   The company is part of various company schemes, from which an environmental tax is charged for the subsequent   handling of packaging and batteries.   Outlook   The global instability is affecting many of our markets – especially the German market is still struggling and our expansion   in the US is delayed by the introduced tariffs.   Market development is difficult to predict, but we have with our flexible setup and product development proven, that we   can take advantage of new opportunities and maintain our high profitability.   The company continue to invest in product development and will increase marketing spend to strengthen our market   position and share.   Good margins and high profitability are forecasted to continue, and the board of directors expect a satisfactory operating   result for 2026 in the range 25-35 million DKK.   73856286 9795181 28859715 74136399 11816235 27333933 35201390 1602392 2690534 2824171 34986231 1173061 2546093 604500 36670145 7471031 38100885 8417180 29199114 29683705 1113339 1369589 1416837 722694 2482928 2139531 6701944 858000 5847474 858000 7559944 6705474 8845005 10042872 33783460 7079140 46504190 202000 40862600 46706190 12936810 44026266 668656 18058704 48992238 603781 0 276602 164923 1176812 2666260 613904 59250069 17586449 117699118 127741990 70934887 10782081 128423158 137268163 600000 6701244 -292868 69187501 30000000 600000 5846774 1804273 71590778 30000000 106195877 109841825 156000 13143792 5154829 0 585000 21076017 2872155 750427 3091492 2142739 21546113 21546113 21546113 127741990 27426338 27426338 27426338 137268163 600000 5883640 -369178 332312 -1223738 71537895 52884 0 30000000 30000000 0 106797797 29683704 332312 0 0 0 0 0 0 0 0 0 0 3882066 854055 0 0 0 0 0 0 3882066 854055 30000000 30000000 600000 5846774 1804273 71590779 30000000 109841825 0 0 1602392 -747921 0 0 -2403278 0 30000000 0 29199114 -747921 0 0 0 0 0 0 -2688643 -591501 0 0 0 0 0 0 -2688643 -591501 30000000 30000000 600000 6701244 -292868 69187501 30000000 106195877 1 Accounting policies   The annual report of Scangrip A/S for 2025 has been prepared in accordance with the provisions applying to   medium-sized reporting class C entities under the Danish Financial Statements Act.   Pursuant to section 112(1) of the Danish Financial Statements Act, the Company has not prepared consolidated   financial statements. The financial statements of Scangrip A/S and its subsidiaries are included in the consolidated   financial statements of Investment AB Latour, Göteborg, Sverige, org nr- 556026-3237.   Omission of the cash flow statement   According to section 86(4) of the Danish Financial Statements, cashflow statement is not prepared, as the parent   company's cash flows are included in the total cash flow statement for the group.   Presentation currency   The financial statements are presented in danish kroner (DKK).   Fair value   Fair value is determined based on the principal market. If no principal market exists, the measurement is based on   the most advantageous market, i.e. the market that maximises the price of the asset or liability.   All assets and liabilities that are measured at fair value or whose fair value is disclosed are classified based on the   fair value hierarchy, see below:   Level 1:   Value based on the fair value of similar assets/liabilities in an active market.   Level 2:   Value based on generally accepted valuation methods on the basis of observable market information.   Level 3:   Value based on generally accepted valuation methods and reasonable estimates based on non-   observable market information.   If a reliable fair value cannot be stated according to the above levels, the asset or liability is measured at cost.   Foreign currency translation   On initial recognition, transactions denominated in foreign currencies are translated at the exchange rates at the   transaction date. Foreign exchange differences arising between the exchange rate at the transaction date and the   rate at the date of payment are recognised in the income statement as financial income or financial expenses.   Receivables, payables and other monetary items denominated in foreign currencies are translated at the exchange   rates at the balance sheet date. The difference between the exchange rates at the balance sheet date and the date   at which the receivable or payable arose or was recognised in the latest financial statements is recognised in the   income statement as financial income or financial expenses.   Foreign subsidiaries are considered separate entities. The income statements are translated at the average   exchange rates for the month, and the balance sheet items are translated at the exchange rates at the balance   sheet date. Foreign exchange differences arising on translation of the opening equity of foreign entities at the   exchange rates at the balance sheet date and on translation of the income statements from average exchange rates   to the exchange rates at the balance sheet date are recognised directly in the net revaluation reserve according to   the equity method under equity.   Foreign exchange adjustments of balances with foreign subsidiaries that are considered part of the total investment   in the subsidiary are recognised directly in the reserve for net revaluation according to equity method in the   translation reserve under equity. Foreign exchange gains and losses on loans and derivative financial instruments   designated as hedges of foreign subsidiaries are also recognised directly in equity.   Derivative financial instruments   On initial recognition, derivative financial instruments are recognised in the balance sheet at cost and are   subsequently measured at fair value. Positive and negative fair values of derivative financial instruments are   presented as separate items in the balance sheet.   Fair value adjustments of derivative financial instruments designated and qualifying as hedging of the fair value of a   recognised asset or liability are recognised in the income statement together with fair value adjustments of the   hedged asset or liability.   Fair value adjustments of derivative financial instruments designated and qualifying as hedging of future assets or   liabilities are recognised in other receivables or other payables and in equity. If the forecast transaction results in   the recognition of assets or liabilities, amounts previously recognised in equity are transferred to the cost of the   asset or liability, respectively. If the forecast transaction results in income or expenses, amounts previously   recognised in equity are transferred to the income statement in the period in which the hedged item affects the   income statement.   Fair value adjustments of derivative financial instruments that do not qualify for hedge accounting are recognised in   the income statement on an ongoing basis.   Fair value adjustments of derivative financial instruments used to hedge net investments in foreign subsidiaries are   recognised directly in equity.   Income statement   Revenue   The Company has chosen IAS 11/IAS 18 as interpretation for revenue recognition.   Revenue consists of sale of work lights and special tools for the automobile industry.   Income from the sale of goods for resale and finished goods is recognised in revenue when the most significant   rewards and risks have been transferred to the buyer, the income can be measured reliably and payment is   expected to be received.   The separate sales transactions are recognised as revenue when the criteria for sale of goods are met. The time of   transition of the main benefits and risks is based on standardized delivery conditions based on Incoterms® 2010.   Revenue is measured at the fair value of the agreed consideration exclusive of VAT and taxes charged on behalf of   third parties. All discounts and rebates granted are recognised in revenue.   Gross profit/loss   In the income statement, revenue, production costs and other operating income are summarized to one accounting   item called gross profit/loss, according to section 32 of the Danish Financial Statements Act.   Production costs   Production costs comprise costs, including depreciation, amortisation and salaries, incurred in generating revenue   for the year. Commercial entities recognise their cost of sales, and manufacturing entities recognise their   production costs incurred in generating the revenue for the year. Such costs include direct and indirect costs of raw   materials and consumables, wages and salaries, rent and leases as well as impairment losses on production plant.   Distribution costs   Distribution costs comprise costs related to the distribution of goods sold in the year and to sales campaigns, etc.,   carried out in the year, including costs related to sales staff, advertising, exhibitions and depreciation. Sales and   marketing costs are recognised in the income statement when the Company obtains control of the sales or   marketing product.   Administrative expenses   Administrative expenses comprise expenses paid in the year to manage and administer the Company, including   expenses related to administrative staff, office premises, office expenses and depreciation.   Other operating income   Other operating income comprises items secondary to the Company's activities, including gains on disposal of plant   and equipment.   Other operating expenses   Other operating expenses comprise items secondary to the Company's activities, including losses on disposal of   plant and equipment.   Depreciations   Depreciation is provided on a straight-line basis over the expected useful lives of the assets and any residual value.   The expected useful lives are as follows:   Plant and machinery   2-7 years   Fixtures and fittings, tools and equipment   3-7 years   Depreciation is based on the residual value of the asset and is reduced by impairment losses, if any. The   depreciation period and the residual value are determined at the acquisition date and are reassessed annually.   Where the residual value exceeds the carrying amount of the asset, no further depreciation charges are recognised.   In case of changes in the depreciation period or the residual value, the effect on the depreciation charges is   recognised prospectively as a change in accounting estimates.   Depreciation is recognised in the income statement as production costs, distribution costs and administrative   expenses, respectively.   Share of profit/loss after tax in subsidiaries   A proportionate share of the underlying entities' profit/loss after tax is recognised in the income statement   according to the equity method. Shares of profit/loss after tax in subsidiaries are presented as separate line items in   the income statement. Full elimination of intra-group gains/losses is made for equity investments in subsidiaries.   Financial income and expenses   Financial income and expenses comprise interest income and expense, charges in respect of finance leases, gains   and losses on securities, payables and transactions denominated in foreign currencies, amortisation of financial   assets and liabilities as well as surcharges and refunds under the on-account tax scheme, etc.   Interest expense and other borrowing costs to finance plant and equipment and which relate to the production   period are not recognised in cost of the assets.   Tax for the year   The Company is covered by the Danish rules on compulsory joint taxation of the Group's Danish subsidiaries.   Subsidiaries are included in the joint taxation arrangement from the date when they are included in the   consolidated financial statements and up to the date when they are excluded from the consolidation.   On payment of joint taxation contributions, the Danish corporation tax charge is allocated between the jointly taxed   entities in proportion to their taxable income. Entities with tax losses receive joint taxation contributions from   entities that have been able to use the tax losses to reduce their own taxable income.   Tax for the year comprises current income tax, joint taxation contribution and changes in deferred tax for the year   due to changes in the tax rate. The tax expense relating to the profit/loss for the year is recognised in the income   statement, and the tax expense relating to amounts recognised directly in equity is recognised directly in equity.   Balance sheet   Tangible assets   Plant and equipment   Plant and machinery and fixtures and fittings, tools and equipment are measured at cost less accumulated   depreciation and impairment losses. The basis of depreciation is cost less any expected residual value at the end of   the useful life.   Cost comprises the purchase price and any costs directly attributable to the acquisition until the date when the   asset is available for use.   Individual components of property, plant and equipment that have different useful lives are accounted for as   separate items, which are depreciated separately.   Gains and losses on the disposal of items of property, plant and equipment are calculated as the difference   between the selling price less selling costs and the carrying amount at the date of disposal. Gains and losses are   recognised in the income statement as other operating income or other operating expenses, respectively.   Leases   The Company has chosen IAS 17 as interpretation for classification and recognition of leases.   On initial recognition, leases for assets that transfer substantially all the risks and rewards incident to ownership to   the Company (finance leases) are measured in the balance sheet at the lower of fair value and the present value of   future lease payments. In calculating the present value, the interest rate implicit in the lease or the incremental   borrowing rate is used as the discount factor. Assets held under finance leases are subsequently accounted for as   the Company's other assets.   The capitalised residual lease commitment is recognised in the balance sheet as a liability, and the interest element   of the lease payment is recognised in the income statement over the term of the lease.   All other leases are considered operating leases. Payments relating to operating leases and any other leases are   recognised in the income statement over the term of the lease. The Company's total liabilities relating to operating   leases and other leases are disclosed under contingencies, etc.   Equity investments in subsidiaries are measured according to the equity method, which is considered a   measurement method.   On initial recognition, equity investments in subsidiaries are measured at cost, i.e. plus transaction costs. The cost is   allocated in accordance with the acquisition method; see below.   The cost is adjusted by shares of profit/loss after tax calculated in accordance with the Group's accounting policies   less or plus unrealised intra-group gains/losses.   Identified increases in value and goodwill, if any, compared to the underlying entity's net asset value are amortised   in accordance with the accounting policies for the assets and liabilities to which they can be attributed. Negative   goodwill is recognised in the income statement.   Dividend received is deducted from the carrying amount.   Equity investments in subsidiaries measured at net asset value are subject to impairment test requirements if there   is any indication of impairment.   Newly acquired or formed entities are recognised in the financial statements from the date of acquisition or   formation. Entities sold or otherwise disposed of are recognised up to the date of disposal.   Gains or losses on disposal of subsidiaries are made up as the difference between the net selling price and the   carrying amount of net assets at the date of disposal plus non-amortised goodwill. The gains and losses are   recognised in the income statement as financial income or financial expenses.   Acquisitions of new subsidiaries are accounted for using the purchase method according to which the acquired   entities' assets and liabilities are measured at fair value at the date of acquisition. The tax effect of revaluations   made is taken into account.   Any excess of the cost over the fair value of identifiable assets and liabilities, including restructuring provisions, is   recognised as investments in subsidiaries and depreciated over the estimated useful life determined on the basis of   Management's experiences of the individual business areas. The carrying amount of goodwill is tested for   impairment and any impairment losses are taken to the income statement in cases where the carrying amount   exceeds the expected future net income from the business or the activity to which the goodwill relates.   Impairment of non-current assets   The carrying amount of plant and equipment and equity investments in subsidiaries is tested annually for indication   of impairment other than the decrease in value reflected by amortisation/depreciation.   Impairment tests are conducted on individual assets or cash-generating units when there is indication of   impairment. Write-down is made to the lower of the carrying amount and the recoverable amount.   The recoverable amount is the higher of the net selling price of an asset and its value in use. The value in use is   calculated as the present value of the expected net cash flows from the use of the asset or the group of assets.   Previously recognised impairment losses are reversed when the reason for recognition no longer exists. Impairment   losses on goodwill are not reversed.   Inventories   Inventories are measured at cost in accordance with the FIFO method. Where the net realisable value is lower than   cost, inventories are written down to this lower value.   Goods for resale and raw materials and consumables are measured at cost, comprising purchase price plus delivery   costs.   Finished goods and work in progress are measured at cost, comprising the cost of raw materials, consumables,   direct wages and salaries as well as indirect production overheads. Production overheads comprise costs of material   and labour.   The net realisable value of inventories is determined as the selling price less costs of completion and costs incurred   to effect the sale, taking into account marketability, obsolescence and developments in the expected selling price.   Receivables   Receivables are measured at amortised cost.   The Company has chosen IAS 39 as interpretation for impairment write-down of financial receivables.   Write-down for bad and doubtful debts is made when there is objective evidence that a receivable or a portfolio of   receivables has been impaired. If there is objective evidence that an individual receivable has been impaired, an   impairment loss is recognised on an individual basis.   Prepayments   Prepayments comprise costs incurred concerning subsequent financial years.   Cash   Cash comprises cash deposits and deposits in banks.   Given the nature of the Group's cash pool arrangement, cash pool balances are not considered cash or bank debt   but are recognised under "Receivables from associates" and "Debt to associates " respectively.   Equity   Net revaluation reserve according to the equity method   The net revaluation reserve according to the equity method comprises net revaluations of equity investments in   subsidiaries compared to cost comprising recognised shares of profit/loss and foreign exchange adjustments less   dividends.   The reserve can be eliminated in case of losses, realisation of equity investments or changes in accounting   estimates.   The reserve cannot be recognised at a negative amount.   Hedging reserve   The hedging reserve comprises the cumulative net change in the fair value of hedging transactions that qualify for   recognition as a cash flow hedge and where the hedged transaction has not been realised. The reserve is dissolved   when the hedged transaction is realised, if the hedged cash flows are no longer expected to be realised or if the   hedging relationship is no longer effective. The reserve does not represent a limitation under company law and may   therefore be negative.   Dividend   Proposed dividend is recognised as a liability at the date when it is adopted at the annual general meeting   (declaration date). Dividend expected to be distributed for the year is presented as a separate line item in equity.   Corporation tax and deferred tax   Current tax payables and receivables are recognised in the balance sheet as tax computed on the taxable income for   the year, adjusted for tax on taxable income in previous years and tax paid on account.   Joint taxation contributions payable and receivable are recognised in the balance sheet as corporation tax   receivable or corporation tax payable.   Deferred tax is measured using the balance sheet liability method on all temporary differences between the   carrying amount and the tax base of assets and liabilities. Where alternative tax rules can be applied to determine   the tax base, deferred tax is measured based on Management's intended use of the asset or settlement of the   liability, respectively.   Deferred tax assets, including the tax value of tax loss carryforwards, are recognised at the expected value of their   utilisation; either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the same   legal tax entity and jurisdiction.   Adjustment is made to deferred tax resulting from elimination of unrealised intra-group profits and losses.   Deferred tax is measured according to the tax rules and at the tax rates applicable in the respective countries at the   balance sheet date when the deferred tax is expected to crystallise as current tax.   Liabilities   Financial liabilities are recognised at the date of borrowing at the proceeds received less transaction costs paid. On   subsequent recognition, financial liabilities are measured at amortised cost, corresponding to the capitalised value,   using the effective interest rate. Accordingly, the difference between the proceeds and the nominal value is   recognised in the income statement over the term of the loan.   Other liabilities are measured at net realisable value.   Financial ratios   The key figures and financial ratios in the management review, are calculated as follows:   Operating profit/loss   Operating profit/loss adjusted for   other operating income and other operating expenses   Return of investment   Operating profit/loss x 100   Average assets   Equity ratio   Equity ultimo x 100   Total equity and liabilities, ultimo   Return on equity   Profit/loss for the year after tax x 100   Average equity   DKK   2025   2024   2 Financial income   Other financial income   1.742.099   1.632.015   Interests, associates   578.102   914.078   2.320.201   2.546.093   3 Financial expenses   Other financial expenses   2.666.632   545.599   Interests, associates   157.539   58.901   2.824.171   604.500   4 Tax for the year   Tax computed on the taxable income for the year   7.535.906   8.159.656   Adjustment of deffered tax for the year   -64.875   257.524   7.471.031   8.417.180   5 Tangible assets   Fixtures and   fittings, tools   Plant and   and   DKK   machinery   equipment   Total   Cost at 1 January 2025   17.280.983   4.828.643   22.109.626   Additions   910.502   1.040.775   1.951.276   Disposals   -1.147.369   -1.098.248   -2.245.616   Cost at 31 December 2025   17.044.116   4.771.170   21.815.285   Depreciation and impairment losses at 1 January 2025   15.864.146   4.105.949   19.970.095   Depreciation   1.213.999   233.724   1.447.723   Depreciation, assets sold   -1.147.369   -938.093   -2.085.461   Depreciation and impairment losses at 31 December 2025   15.930.777   3.401.580   19.332.357   Carrying amount at 31 December 2025   1.113.339   1.369.589   2.482.928   Depreciation period   2-7 years   3-7 years   6 Financial assets   Equity   investments   Deposits,   in   financial   DKK   subsidiaries   assets   Total   Cost at 1 January 2025   700   858.000   858.700   Additions   0 0 0 Cost at 31 December 2025   700   858.000   858.700   Value adjustments at 1 January 2025   5.846.774   0 5.846.774   Foreign exchange adjustments   -747.921   0 -747.921   Received dividend   0 0 0 Profit/loss for the year   1.602.392   0 1.602.392   Value adjustments at 31 December 2025   6.701.244   0 6.701.244   Carrying amount at 31 December 2025   6.701.944   858.000   7.559.944   Registered   Voting rights &   Name   office   ownership   Subsidiaries   Scangrip North America Inc.   USA   100%   Scangrip China Ltd.   Kina   100%   7 Prepayments   Prepayments comprise costs incurred concerning subsequent financial   years, like insurrances, leasing fees, costs for subscriptions etc.   DKK   2025   2024   8 Other receivables   Derivative financial instruments   0 2.313.171   Other receivables   164.923   353.089   164.923   2.666.260   9 Share capital   The share capital comprises of:   A-shares, 600 pcs. of nom. 1.000,00 DKK.   600.000   600.000   600.000   600.000   The company's share capital has been DKK 600.000 for the past 5 years.   10   Deferred tax   Deffered tax at 1 January   -603.781   -861.305   Deffered tax adjustment for the year   -64.875   257.524   Deferred tax at 31 December   -668.656   -603.781   Deferred tax comprises of:   Tangible assets   -755.095   -832.485   Receivables   86.439   228.704   -668.656   -603.781   Tax asset valuation is based on forecasts for the next 3 years.   11   Derivative financial instruments   The company has hedged future purchases and sales in foreign currency for total   63.812 TDKK. In relation to the hedged exchange rate on the balance sheet date, the contracts   have a negative value of approx. 375 TDKK. The value adjustment is recognized in the equity.   Fair value disclosures   The Company has the following assets and liabilities measured at fair value.   Derivative   Derivative   financial   financial   instruments   instruments   Fair value at year end   -375.472   2.313.171   Unrealised fair value adjustments for the year,   recognised in the income statement   0 0 Unrealised fair value adjustments for the year,   -2.688.643   3.882.066   recognised in hedging reserve   Fair value level   2 2 DKK   2025   2024   12   Staff matters   Wages and salaries   24.265.988   22.699.854   Pensions   3.044.803   2.941.294   Other social security costs   154.413   146.264   27.465.204   25.787.412   Staff costs are recognized in the financial statement as follows:   Production   3.168.415   3.236.721   Administration   24.296.788   22.550.691   27.465.204   25.787.412   Average number of full-time employees   48   45   Remuneration to the company's management is left out according to section 98b(3) of the Danish   Financial Statements.   13   Contractual obligations and contingencies, etc.   Contingent liabilities   The company is jointly taxed with the management company Caljan A/S and is jointly and severally   liable with other jointly taxed companies for payment of danish corporation tax and for withholding   tax on interest, royalties and dividends.   Other financial obligations   Rental liabilities   2.549.766   4.483.156   Leasing liabilities otherwise   1.745.274   1.388.278   The company has furthermore entered ordinary, mutually binding agreements as part of its normal operations.   14   Colleteral   The company has not provided garantees to the bank for its commitment.   15   Related parties   Scangrip A/S related parties comprise the following:   Exercise of control   Basis for exercise of   Related party   Registered office   control   Hultafors group AB   Gothenberg   100% of share capital   Ownership per . 29/10-2021   Information on financial group reports   Obtaining the parent   company   consolidated   financial statement   Parent company   Registered office   Investment AB Latour (Ultimate owner)   Gothenberg, Sweden   www.latour.se   Hultafors Group AB   Gothenberg, Sweden   www.hultaforsgroup.se   Transactions with related parties:   Scangrip A/S has carried out the following related party transactions:   DKK   2025   2024   Purchase of goods and services   314.181   280.673   Sale of goods to associates   5.276.463   8.052.401   Interest costs, cashpool accounts   -578.102   -913.277   Receivables   44.026.266   48.992.238   Cashpool accounts included in receivables   44.025.986   47.960.333   Payables   -5.154.829   -2.872.155   Related parties include, in addition to subsidiaries and the parent company, sister and associates to   the companys parentcompany   30000000 1602392 -2403278 30000000 -369178 52884