43489119 2025-01-01 2025-12-31 43489119 2025-01-01 2025-12-31 0 43489119 2025-01-01 2025-12-31 1 43489119 2024-01-01 2024-12-31 43489119 2025-12-31 43489119 2024-12-31 43489119 2025-12-31 fsa:ContributedCapitalMember 43489119 2025-12-31 fsa:RetainedEarningsMember 43489119 2025-01-01 2025-12-31 fsa:RetainedEarningsMember xbrli:pure iso4217:DKK Clara Ekedahl Clara Ekedahl Sankt Eriksgatan 60 112 34 Stockholm Den uafhængige revisors erklæring Konklusion Grundlag for konklusion Årsrapport Regnskabsklasse B 2025-01-01 2025-12-31 2024-01-01 2024-12-31 true 0 PROFIL OPTIK A/S Oldenburg Alle 1, 2Oldenburg Alle 1, 2 2630 Høje Taastrup 43489119 2026-06-26 Per Hedblom PROFIL OPTIK A/S 2630 Høje Taastrup 43489119 2025-01-01 2025-12-31 The Board of Directors and the Managing Director have today discussed and approved the annual report of PROFIL OPTIK A/S for the financial year 1 January 2025 - 31 December 2025. The annual report is presented in accordance with the Danish Financial Statements Act. In our opinion, the financial statements give a true and fair view of the assets, liabilities and financial position of the Company at 31 December 2025 and of the results of the Company's operations for the financial year 1 January 2025 - 31 December 2025. In our opinion, the Management's review gives a fair review of the matters discussed in the Management'sreview. We recommend that the annual report be approved at the Annual General Meeting. Taastrup 2026-06-26 To the shareholders of PROFIL OPTIK A/S OpinionWe have audited the financial statements of PROFIL OPTIK A/S for the financial year 1 January 2025 - 31 December 2025, which comprise an income statement, balance sheet, statement of changes in equity and notes. 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 Company's financial position at 31 December 2025 and of the results of its operations for the financial year 1 January 2025 - 31 December 2025 in accordance with the Danish Financial Statements Act. Basis of opinionWe conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our responsibility under those standards and requirements are further described in the “Auditors' responsibility 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 (including International Independence Standards) (IESBA Code) together with the ethical requirements that are relevant to our audit of the financial statement 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. Management's responsibility for the financial statementsManagement 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 considers 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 either liquidate the Company or suspend operations, or has no realistic alternative but to do so. The auditor's responsibility for the audit of the financial statementsOur responsibility is to obtain reasonable assurance as to whether the financial statements are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is no guarantee that an audit conducted in accordance with ISAs and additional requirements applicable in Denmark will always detect material misstatements. Misstatements can arise from fraud or error and can be considered material if it would be reasonable to expect that these - either individually or collectively - could influence the economic decisions taken by the users of financial statements on the basis of these financial statements. As part of an audit conducted in accordance with ISAs and additional requirements applicable in Denmark, we exercise professional judgement and maintain an attitude of professional skepticism throughout the audit. We also: *Identify and assess the risk of material misstatements in 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 a material misstatement resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or 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 whether the accounting policies used are appropriate and whether the accounting estimates and the related disclosures made by Management are reasonable. *Conclude on whether Management's use of the going concern basis of accounting in preparing the financial statements is appropriate and, based on the audit evidence obtained, conclude on whether a material uncertainty exists relating to events or conditions, which could 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 auditors' 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 auditors' report. However, future events or conditions may imply that the Company can no longer remain a going concern. *Evaluate the overall presentation, structure and contents of the financial statements, including note disclosures, and whether the financial statements reflect 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 which we identify during our audit. Statement on Management's ReviewManagement 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 opinion providing assurance regarding the Management's review. Our responsibility in connection with our audit of the financial statements 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 with the knowledge we have gained during the audit, or otherwise appears to be materially misstated. Moreover, it is our responsibility to consider whether the Management's review meets the disclosure requirements in the Danish Financial Statements Act. Based on our procedures, we are of the opinion that the Management's review is in accordance with the financial statements and has been prepared in accordance with the requirements in the Danish Financial Statements Act. In our opinion, the Management's review is not materially misstated. Copenhagen 2026-06-26 DeloitteStatsautoriseret Revisionspartnerselskab 33963556 Henrik Hartmann Olesen Irene Bendid Nørskov Jensen State Authorised Public Accountant State Authorised Public Accountant mne34143 mne51525 The principal activities of the companyThe purpose of the company is to ensure that the activities of the company and the shareholders act as anationwide chain of shops in the optics industry which markets visual aids of all kinds and performs otheraccessory activities in accordance with the provisions of this Statute, to promote the financial interests of thecompany and shareholders through joint purchasing and sales activities, as well as by marketing efforts, topromote the shareholders' professional interests through informative and educational activities, to support theshareholders in their daily business operations, and directly or indirectly to conduct other activities which,according to the discretion of the Board, are connected accordingly.In addition, the company has the objective, including through subsidiaries, to conduct trading and financingactivities indirectly through investments in other companies engaged in the optical industry or other accessorybusiness which, at the discretion of the Board of Directors, are associated with this. Development in activities and the financial situationThe gross profit of the year is DKK 229 thousand against 11 thousand last year. Profit for the year are DKK 1.019 thousand against DKK 2.171 thousand last year. The result is primarily driven by financial income from Events occurring after the end of the financial yearNo significant events have occurred after the balance sheet date. The annual report of PROFIL OPTIK A/S for 2025 has been presented in accordance with the provisions of the Danish Financial Statements Act regulations concerning reporting class B enterprises. Recognition and measurement in generalIncome is recognised in the income statement concurrently with its realisation, including the recognition of valueadjustments of financial assets and liabilities. Likewise, all costs are recognised in the income statement, includingdepreciation and amortisation, writedowns for impairment, provisions, and reversals due to changes in estimatedamounts previously recognised in the income statement.Assets are recognised in the statement of financial position when it seems probable that future economic benefitswill 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 seems probable that future economicbenefits 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 measuredas described below for each individual accounting item.Upon recognition and measurement, allowances are made for such predictable losses and risks which may ariseprior to the presentation of the annual report and concern matters that exist on the reporting date.Translation policiesTransactions in foreign currency are translated by using the exchange rate prevailing at the date of thetransaction. Differences in the rate of exchange arising between the rate at the date of transaction and the rate atthe date of payment are recognised in the income statement as an item under net financials. If currencypositions are considered to hedge future cash flows, the value adjustments are recognised directly in equity in afair value reserve.Receivables, payables, and other foreign currency monetary items are translated using the closing rate. Thedifference between the closing rate and the rate at the time of the occurrence or initial recognition in the latestfinancial statements of the receivable or payable is recognised in the income statement under financial incomeand expenses. Income statement Gross profit or lossThe company uses the regulations in the Danish Financial Statements Act §32, after which the Company'srevenue is not stated. The gross profit or loss comprises the revenue, cost of goods sold and other external costs.Revenue is recognised in the income statement if delivery and passing of risk to the buyer have taken place beforethe end of the year and if the income can be determined reliably and inflow is anticipated. Revenue is measuredat the fair value of the consideration promised exclusive of VAT and taxes and less any discounts relating directlyto sales.Cost of sales comprises costs concerning purchase of raw materials and consumables less discounts and changes ininventories.Other external expenses comprise expenses incurred for distribution, sales, advertising, administration, premises,loss on receivables, and operational leasing costs. Financial income and expensesFinancial income and expenses are recognised in the income statement with the amounts concerning the financialyear. Financial income and expenses comprise interest income and expenses, financial expenses from financialleasing, realised and unrealised capital gains and losses relating to securities, debt and transactions in foreigncurrency, amortisation of financial assets and liabilities as well as surcharges and reimbursements under theadvance tax scheme, etc.Results from investments in subsidiariesAfter full elimination of intercompany profit or loss less amortized consolidated goodwill, the investments in theindividual subsidiaries are recognized in the income statement as a proportional share of the subsidiaries' post-taxprofit or loss. 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 inthe income statement with the share attributable to the net profit or loss for the year and directly in equity withthe share attributable to entries directly in equity.The company is subject to Danish rules on compulsory joint taxation of Danish subsidiaries.The current Danish income tax is allocated among the jointly taxed companies proportional to their respectivetaxable income (full allocation with reimbursement of tax losses). Balance sheet Investments Investments in subsidiariesEquity investments in group entities are measured at the proportionate share of the entities' net asset valuecalculated in accordance with the Group's accounting policies plus or minus unrealized intra-group gains or lossesand plus or minus the residual value of positive and negative goodwill calculated in accordance with theacquisition method. Equity investments in group entities with negative net asset values are measured at DKK 0,and any receivables from these entities are written down by an amount equivalent to the negative net asset value.To the extent that the negative net asset value exceeds the receivable, the residual amount is recognized asprovisions. Net revaluation of equity investments in group entities is tied as a net revaluation reserve under equityaccording to the equity method to the extent that the carrying amount exceeds cost. Dividends from groupentities expected to be adopted in the group entities prior to the approval of the Company's annual report, arenot tied up in the revaluation reserve. ReceivablesReceivables are measured at amortized cost which usually corresponds to the nominal value. Equity DividendsDividend expected to be distributed for the year is recognized as a separate item under equity. Income tax and deferred taxCurrent tax liabilities and current tax receivable are recognised in the statement of financial position as calculatedtax on the taxable income for the year, adjusted for tax of previous years' taxable income and for tax paid onaccount.The company is jointly taxed with consolidated Danish companies. The current corporate income tax is distributedbetween the jointly taxed companies in proportion to their taxable income and with full distribution withreimbursement as to tax losses. The jointly taxed companies are comprised by the Danish tax prepaymentscheme.Joint taxation contributions payable and receivable are recognised in the statement of financial position as ”Taxreceivables from subsidiaries" or "Income tax payable to subsidiaries"According to the rules of joint taxation, Profil Optik A/S is unlimitedly, jointly, and severally liable to pay theDanish tax authorities the total income tax, including withholding tax on interest, royalties, and dividends, arisingfrom the jointly taxed group of companies.Deferred tax is measured on the basis of temporary differences in assets and liabilities with a focus on thestatement of financial position. Deferred tax is measured at net realizable value.Adjustments take place in relation to deferred tax concerning elimination of unrealized intercompany gains andlosses.Deferred tax is measured based on the tax rules and tax rates applying under the legislation prevailing in therespective 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 recognized in the income statement, except for itemsincluded directly in the equity.Deferred tax assets, including the tax value of tax losses allowed for carryforward, are recognized at the value atwhich they are expected to be realizable, either by settlement against tax of future earnings or by set-off indeferred tax liabilities within the same legal tax unit. Any deferred net tax assets are measured at net realizablevalue. ProvisionsProvisions comprise expected costs related to support letter issued to subsidiary. Provisions are recognizedwhen the company has a legal or actual liability which is due to a previous event and when it is likely that thesettlement of the liability will result in expenditure of the financial resources of the company.Liabilities other than provisionsOther liabilities concerning payables to suppliers, subsidiaries, and other payables are measured atamortized cost which usually corresponds to the nominal value. 1475000 1370000 1176000 1288000 70000 71000 229000 11000 229000 11000 -109000 58000 1217000 2698000 1337000 2767000 318000 596000 1019000 2171000 -1019000 -2171000 27036000 108266000 7000 9000 27043000 108275000 0 0 0 0 27043000 108275000 27043000 108275000 9842000 9842000 14005000 12986000 23847000 22828000 2840000 2732000 2840000 2732000 0 82084000 316000 593000 40000 38000 356000 82715000 356000 82715000 27043000 108275000 9842000 12986000 1019000 9842000 14005000 1. Staff costs20252024tkr.tkr.Average number of employees00 0 0 3. Receivables from subsidiariesCash comprises a group cash pool arrangement between the Group’s main bank connections and Synsam AB. The cash is available for daily operations according to the Group’s instructions. 4. ContingenciesJoint taxationWith Synsam Nordic A/S 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.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.The jointly taxed enterprises' total known net liability to the Danish tax authorities emerges from the financial statements of the administration company.Any subsequent adjustments of corporate taxes or withholding tax, etc., may result in changes in the company's liabilities. 5. Shares in group companiesProfil Optik A/S owns 100% of the group company Optical fashion group A/S. A provision is booked due to the negative equity.6. Contributed capitalThe share capital consists of 98.422 shares, each with a nominal value of DKK 100. No shares hold particular rights. There have been no changes in the share capital during the last 5 years.7. Charges and securityThe Company is jointly registered with group entities Synsam Nordic A/S, Synsam Group Denmark A/S and Optical Fashion Group A/S for VAT and payroll tax and is jointly and severally liable in this respect.The Company was previously subject to cooperation tax until the Company was converted into a public limited company effective from 2001. Upon conversion, a tax liability arose that is triggered when the Company distributes dividends. Tax amounts to 50% of dividend distributions until a balance of DKK 11.6 million has been settled.No provision has been made in respect of tax liability as there are no plans to distribute dividends that will trigger such tax.The Company has issued a letter of financial support to Optical Fashion Group A/S. Expected costs related to the support letter has been recognized in the balance sheet as a provision. 8. Related partiesThe following shareholders are recorded in the company's register of shareholders as holding at least 5% of the votes or at least 5% of the share capital:Synsam Group Denmark A/S Consolidated financial statementsProfil Optik A/S is part of the consolidated financial statements of Synsam AB (publ), reg.556964-3358, Box 30153, 104 25 Stockholm, Sweden, which is both the smallest and largest group in which the Company is included as a subsidiary.