20247703 2025-04-01 2026-03-31 20247703 2025-04-01 2026-03-31 1 20247703 2025-04-01 2026-03-31 1 20247703 2025-04-01 2026-03-31 1 20247703 2025-04-01 2026-03-31 2 20247703 2025-04-01 2026-03-31 3 20247703 2025-04-01 2026-03-31 4 20247703 2024-04-01 2025-03-31 20247703 2026-03-31 20247703 2025-03-31 20247703 2025-04-01 d:ContributedCapitalMember 20247703 2025-04-01 d:RetainedEarningsMember 20247703 2025-04-01 2026-03-31 d:RetainedEarningsMember 20247703 2026-03-31 d:ContributedCapitalMember 20247703 2026-03-31 d:RetainedEarningsMember 20247703 2025-04-01 d:FixturesFittingsToolsAndEquipmentMember 20247703 2025-04-01 d:LeaseholdImprovementsMember 20247703 2026-03-31 d:FixturesFittingsToolsAndEquipmentMember 20247703 2026-03-31 d:LeaseholdImprovementsMember 20247703 2025-04-01 2026-03-31 d:FixturesFittingsToolsAndEquipmentMember 20247703 2025-04-01 2026-03-31 d:LeaseholdImprovementsMember 20247703 2025-04-01 d:DepositsLongtermInvestmentsAndReceivablesMember 20247703 2025-04-01 2026-03-31 d:DepositsLongtermInvestmentsAndReceivablesMember 20247703 2026-03-31 d:DepositsLongtermInvestmentsAndReceivablesMember 20247703 2026-03-31 d:ReceivablesFromOwnersAndManagementMember iso4217:DKK xbrli:pure Årsrapport 30700228 EY Godkendt Revisionspartnerselskab Dirch Passers Allé 36 Postboks 250, 2000 Frederiksberg 2025-04-01 2026-03-31 2024-04-01 2025-03-31 20247703 Koki Denmark A/S Lyskær 3C, 2. 2730 Herlev 1997-07-01 Herlev 43313400 https://hikoki-powertools.eu/dk/dk/ Nordea Bank A/S EY Godkendt Revisionspartnerselskab 30700228 Dirch Passers Allé 36 2000 Frederiksberg Danmark +45 73 23 30 00 2026-06-15 Claus Thorning Jensen Regnskabsklasse B Revisionspåtegning Grundlag for konklusion Konklusion true true 2026-06-15 2026-06-15 CaseWare Working Papers Today, the Board of Directors and the Executive Board have discussed and approved the annual report of Koki Denmark A/S for the financial year 1 April 2025 - 31 March 2026. The annual report is 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 March 2026 and of the results of the Company's operations for the financial year 1 April 2025 - 31 March 2026. Further, in our opinion, the Management's review gives a fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the annual general meeting. Herlev Claus Thorning Jensen Claus Thorning Jensen Matthias Alexander Heimlich Raphael Konrad Rudolph Hans-Heribert Engels To the shareholder of Koki Denmark A/S We have audited the financial statements of Koki Denmark A/S for the financial year 1 April 2025 - 31 March 2026, 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 March 2026 and of the results of the Company's operations for the financial year 1 April 2025 - 31 March 2026 in accordance with the Danish Financial Statements Act. We 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 believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.IndependenceWe 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 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. 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 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 the 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 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. 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 Statement Act. We did not identify any material misstatement of the Management's review. Copenhagen Jacob Thøgersen State Authorised Public Accountant mne49102 The Company's main activity is wholesale of electric tools imported from the Group company, Metabowerke GmbH in Germany. Furthermore, the company's sales consist of Hikoki Tools with accessories, nail tools and screws marketed under the trademark Basso and MFT. The product range is continually expanded with other group products. The income statement for 2025/26 shows a profit of DKK 19,099 thousand against a loss of DKK 15,257 thousand last year, and the balance sheet at 31 March 2026 shows a negative equity of DKK 3,604 thousand. Going concernThe company has received af letter of support from the parent company confirming that Metabowerke GmbH will provide support as necessary in order to enable the company to trade and meet its financial obligations as they fall due for a period at least twelve motnhs from approval of the financial statements. Based on this, management has prepared the financial statements using the going concern principle. No events have occured after the balance sheet date to this date which would influence the evaluation of this annual report. 27047000 -3631000 7921000 11610000 21000 26000 19105000 -15267000 0 12000 6000 2000 19099000 -15257000 0 0 19099000 -15257000 19099000 -15257000 0 3000 0 18000 0 21000 0 303000 0 303000 0 324000 0 666000 0 666000 297000 11123000 0 144000 20000 17000 45000 293000 362000 11577000 905000 7000 1267000 12250000 1267000 12574000 502000 502000 -4106000 -23205000 -3604000 -22703000 0 86000 0 86000 1388000 1802000 2585000 27471000 898000 5918000 4871000 35191000 4871000 35191000 1267000 12574000 502000 -23205000 19099000 502000 -4106000 Management expect to re-establish the share capital through own earnings.The Company's going concern is dependent of the parent company supports with the necessary financing and liquidity in order for the Company to realise the planned budgets for the financial year 2025/26 and onwards.The Company has received a letter of support from the parent company, Metabowerke GmbH, which ensure to support with the necessary financial support to the Company in order to continue trading and fulfill financial obligations as they fall due for a period of at least 12 months from the approval of the financial statement. The annual report of Koki Denmark A/S for 2025/26 has been prepared in accordance with the provisions in the Danish Financial Statements Act applying to reporting class B entities and elective choice of certain provisions applying to reporting class C entities. The accounting policies used in the preparation of the financial statements are consistent with those of last year. Reporting currencyThe financial statements are presented in Danish kroner (DKK'000). Intra-group business combinationsThe book value method is applied to business combinations such as acquisition and disposal of investments, mergers, demergers, contributions of assets and share conversions, etc. in which entities controlled by the parent company are involved, provided that the combination is considered completed at the time of acquisition without any restatement of comparative figures. Differences between the agreed consideration and the carrying amount of the acquiree are recognised directly in equity. On initial recognition, transactions denominated in foreign currencies are translated at the exchange rate at the transaction date. Foreign exchange differences arising between the exchange rates at the transaction date and the date of payment are recognised in the income statement as financial income or financial expenses.Receivables and payables and other monetary items denominated in foreign currencies are translated at the exchange rate 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 most recent financial statements is recognised in the income statement as financial income or financial expenses. The Company has chosen IAS 11/IAS 18 as interpretation for revenue recognition.Income from the sale of goods held for sale and finished goods is recognised in revenue at the time of delivery and when the risk passes to the buyer, provided that the income can be made up reliably and is expected to be received.Revenue is measured net of all types of discounts/rebates granted. Also, revenue is stated net of VAT and other indirect taxes charged on behalf of third parties. The items revenue, cost of sales, other operating income and external expenses have been aggregated into one item in the income statement called gross profit/loss in accordance with section 32 of the Danish Financial Statements Act. Other operating income comprise items of a secondary nature relative to the Company's core activities, including re-invoicing of salaries and expenses related to group entities and gains or losses on the sale of fixed assets. External expenses include the year's expenses relating to the Company's core activities, including expenses relating to distribution, sale, advertising, administration, premises, bad debts, payments under operating leases, etc. Staff costs include wages and salaries, including compensated absence and pensions, as well as other social security contributions, etc. made to the Company's employees. The item is net of refunds made by public authorities. Financial income and expenses are recognised in the income statement at the amounts that relate to the financial reporting period. The items comprise interest income and expenses, e.g. from group entities and associates, realised and unrealised capital gains and losses relating to exchange gains and losses. Tax for the year includes current tax on the year's expected taxable income and the year's deferred tax adjustments. The portion of the tax for the year that relates to the profit/loss for the year is recognised in the income statement, whereas the portion that relates to transactions taken to equity is recognised in equity. Property, plant and equipmentItems of property, plant and equipment are measured at cost less accumulated depreciation and impairment losses. Cost includes the acquisition price and costs directly related to the acquisition until the time at which the asset is ready for use. The Company has chosen IAS 17 as interpretation for classification and recognition of leases. The Company has chosen IAS 39 as interpretation for impairment write-down of financial receivables.Receivables are measured at amortised cost, which usually corresponds to the nominal value. An impairment loss is recognised if there is objective evidence that a receivable or a group of receivables is impaired, in which case the carrying amount is reduced to the net realisable value.An impairment loss is recognised if there is objective evidence that a receivable or a group of receivables is impaired. If there is objective evidence that an individual receivable has been impaired, an impairment loss is recognised on an individual basis.Receivables in respect of which there is no objective evidence of individual impairment are tested for objective evidence of impairment on a portfolio basis. The portfolios are primarily based on the debtors' domicile and credit ratings in line with the Company's risk management policy. The objective evidence applied to portfolios is determined based on historical loss experience.Impairment losses are calculated as the difference between the carrying amount of the receivables and the present value of the expected cash flows, including the realisable value of any collateral received. The effective interest rate for the individual receivable or portfolio is used as discount rate. Cash comprise of cash. Current tax payables and receivables are recognised in the balance sheet as the estimated income tax charge for the year, adjusted for prior-year taxes and tax paid on account.Deferred tax is measured according to the 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 is measured according to the tax rules and at the tax rates applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax. Deferred tax assets are recognised at the expected value of their utilisation; either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the same legal tax entity. Changes in deferred tax due to changes in the tax rate are recognised in the income statement. Other payablesOther payables are measured at net realisable value. Special itemsSpecial items comprise income and expenses that are unusual in nature, non-recurring, or material, and therefore not considered part of the Company’s ordinary operating activitiesSpecial items are presented separately in order to enhance transparency and provide a true and fair view of the underlying operating performance The Company's going concern is dependent of the parent company supports with the necessary financing and liquidity in order for the Company to realise the planned budgets for the financial year 2025/26 and onwards. The Company has received a letter of support from the parent company, Metabowerke GmbH, which ensure to support with the necessary financial support to the Company in order to continue trading and fulfill financial obligations as they fall due for a period of at least 12 months from the approval of the financial statement. 7414000 10916000 370000 501000 74000 101000 63000 92000 7921000 11610000 9 13 21000 26000 21000 26000 0 12000 0 2000 6000 0 313000 104000 313000 104000 310000 86000 3000 18000 313000 104000 0 0 303000 303000 0 0 The Company is jointly taxed with Carat Tools ApS. The Company acts as management company, and is jointly and severally liable with other jointly taxed group entities for payment of income taxes for the income year 2017 onwards as well as withholding taxes on interest, royalties and dividends. Other rent and lease liabilities: DKK'0002025/262024/25 Rent and lease liabilities6991,430 Parties exercising control Related partyDomicileBasis for control Metabowerke GmbHGermanyParticipating interest Information about consolidated financial statements ParentDomicileRequisitioning of the parent company's consolidated financial statements Metabo GmbHGermanyMetabo-Allee 1, D-72622 Nürtingen