33036191 2022-08-01 2023-07-31 33036191 2021-08-01 2022-07-31 33036191 2022-08-01 2023-07-31 ifrs-full:SeparateMember 33036191 2021-08-01 2022-07-31 ifrs-full:SeparateMember 33036191 2023-07-31 33036191 2022-07-31 33036191 2023-07-31 ifrs-full:SeparateMember 33036191 2022-07-31 ifrs-full:SeparateMember 33036191 2022-08-01 2023-07-31 0 33036191 2021-08-01 2022-07-31 1 33036191 2022-08-01 2023-07-31 2 33036191 2021-08-01 2022-07-31 3 33036191 2022-08-01 2023-07-31 4 33036191 2021-08-01 2022-07-31 5 33036191 2022-08-01 2023-07-31 0 33036191 2021-08-01 2022-07-31 1 33036191 2022-08-01 2023-07-31 2 33036191 2021-08-01 2022-07-31 3 33036191 2022-08-01 2023-07-31 4 33036191 2021-08-01 2022-07-31 5 33036191 2022-08-01 33036191 2021-08-01 33036191 2022-08-01 2023-07-31 ifrs-full:SeparateMember 6 33036191 2021-08-01 2022-07-31 ifrs-full:SeparateMember 7 33036191 2022-08-01 2023-07-31 ifrs-full:SeparateMember 8 33036191 2021-08-01 2022-07-31 ifrs-full:SeparateMember 9 33036191 2022-08-01 2023-07-31 ifrs-full:SeparateMember 6 33036191 2021-08-01 2022-07-31 ifrs-full:SeparateMember 7 33036191 2022-08-01 ifrs-full:SeparateMember 33036191 2021-08-01 ifrs-full:SeparateMember 33036191 2022-08-01 2023-07-31 0 33036191 2022-08-01 2023-07-31 0 33036191 2022-08-01 2023-07-31 1 33036191 2022-08-01 2023-07-31 2 33036191 2022-08-01 2023-07-31 3 33036191 2022-08-01 2023-07-31 4 33036191 2022-08-01 2023-07-31 0 33036191 2022-08-01 2023-07-31 1 iso4217:DKK xbrli:pure Regnskabsklasse D 2022-08-01 2023-07-31 385566000 153362000 229964000 106100000 28068000 4647000 3592000 9183000 -23320000 -118846000 -118846000 587000 -118259000 -142166000 -2944000 -47395000 30426000 534000 -30746000 76902000 -152686000 -2356000 787000 Miinto Group Prags Boulevard 49, st. 9 DK-2300 Copenhagen S 2010-06-02 33036191 https://www.miinto-group.com/ Danni Winther 2023-11-30 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management's review</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Corporate governance</td></tr><tr><td colspan="1">Miinto Group has prepared the statutory reporting on corporate social responsibility, in accordance with sections 99a, 99b, and 99d of the Danish Financial Statement Act.</td></tr><tr><td colspan="1">As a responsible corporate entity, we firmly believe in our broader societal responsibilities. Thus, we consistently assess our impact on the environment, society, and governance aspects of our operations. Our inspiration stems from the UN Global Compact's 10 principles within environment. human rights. labor. and anti-corruption.</td></tr><tr><td colspan="1">This section constitutes the statutory report- ing on corporate social responsibility cf. section 99a</td></tr><tr><td colspan="1">Environment and Climate impacts</td></tr><tr><td colspan="1">Miinto Group are committed to environmental protection and continuously striving to reduce emissions relative to the Companies productivity. Considering the forthcoming EU Corporate Sustainability Reporting Directive (CSRD), intended to replace the current EU directive known as the Non-Financial Reporting Directive (NFRD) soon, Miinto have thoroughly reviewed the draft.</td></tr><tr><td colspan="1">The Company is progressively in the process of reviewing its Sustainability Report to cover the requirements outlined in the forthcoming EU Directive (CSRD), slated for imple- mentation in January 2025. This comprehensive report will ensure rigorous adherence to emission standards in a lower carbon footprint and strategic manner, meticulously measuring CO2 emissions across Scope 1. 2. and 3. Fur- thermore, our guidelines will encompass the evaluation of climate impacts in relation to energy consumption. despite our indirect involvement in appliance manufacturing.</td></tr><tr><td colspan="1">Miinto is actively constructing comprehensive guidelines and policies to facilitate Miinto Group in fulfilling the oblig- atory mandates set forth by the CSRD. These measures will empower our organization to uphold stringent compliance standards while fostering a lower carbon footprint practices.</td></tr><tr><td colspan="1">Social and personnel conditions</td></tr><tr><td colspan="1">Our commitment to social responsibility revolves around ensuring our employees' well-being, promoting equal opportunities, fostering value-driven workplaces, and on- hancing employee engagement. At Minto, we prioritize diversity in the workplace and maintain a zero-tolerance stance through our Anti-Harassment Policy. This policy specifically addresses verbal language that reinforces soci- etal power structures linked to domination, We're currently in the process of evaluating the EU Corporate Sustainabili- ty Reporting Directive (CSRD) to guarantee alignment with regulations concerning social and personal responsibilities. encompassing human rights. labor standards, and efforts to combat corruption and bribery.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Diversity</td></tr><tr><td colspan="1">At Minto, our dedication to social responsibility is evident in our' continuel endeavors to foster a secure and vibrant work- place, embracing a diverse, global and multicultural worldorce.</td></tr><tr><td colspan="1">Within Miinto Group, we actively promote an open and inclusive environment, valuing individuals from diverse</td></tr><tr><td colspan="1">backgrounds. Acknowledging the importance of diversity in engaging with our extensive customer base, we embed globally recognized Anti-Harassment policies and integrate aur Whistleblower Program into our Employee Handbook, ensuring uniformity across all subsidiaries within the Group. The Whistleblower Program inappropriate report- ing on workplace harassment including violence, bullying, assault, threats, sexual harassment, and discrimination. Further evaluations will be conducted to ensure that Miinto is in alignment with regulations for the CSRD.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Gender Distribution in management cf. section 99b</td></tr><tr><td colspan="1">Miinto Holding A/S is subject to the rules on target figures and policies for the gender composition of management. Miinto Holding A/S is, however, of the opinion that quel- Ifications and experience should be the decisive factor behind any job position.</td></tr><tr><td colspan="1">In spite of the above comment and in order to comply with the legislation. we hereby inform that the present Board of Directors of Miinto Holding A/S consists of 5 members - two women and three men. There is thus an equal gender composition in the Board of Directors of Miinto Holding A/S.</td></tr><tr><td colspan="1">Miinto Holding A/S has less than 50 employees why no policy has been established to increase the proportion of the underrepresented gender in the other management levels of the company.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Human rights</td></tr><tr><td colspan="1">Miinto Group continues to actively push for human rights not only within our organization but also across our supply and value chain. Our commitment to these principles emains unwavering. We firmly prohibit the use of Child Labour, and we adhere to the legal age requirements.</td></tr><tr><td colspan="1">To further strengthen our commitment to human rights, we are a part of the whistle-blower systern form the ultimate perent entity. This system is open to anyone who has had any business dealings with us, directly or indirectly, and it enables the reporting of any potential human rights via- Istions. We are pleased to report that we have had zero casos reported in this regard this year.</td></tr><tr><td colspan="1">In the coming year, we will reinforce the importance of our employee handbook and the whistle-blower system and other initiatives. We believe that fostering a culture of ethics and responsibility among our leaders is crucial in upholding our commitment to human rights and ensuring a fair and respectful business environment.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Combating anti-corruption and bribery</td></tr><tr><td colspan="1">We have a strict policy against giving or receiving art form of compensation that might compromise our or others' faimess in business decisions and ethical standards. Adhering closely to laws and regulations, this policy is firmly supported by our whistle-blower system. The policy covers matters related to financial crime such as bribery. corruption, money laundering, substantial theft, fraud, and embezzlement. No viclotions have been identified, and we remain dedicated to addressing this aspect in our 2023/24 negotiations with partners and across all business inter- actions. The primary risks concerning anti-corruption are associated with our partners.</td></tr><tr><td colspan="1">At Miinto Group, transparency, sustainability, and ethical business conduct are fundamental values. We continuously strive to enhance our practices for a positive societal and environmental impact. Our ongoing commitment involves refining policies to megt evolving standards and regula- tions, ensuring we continually uphold the highest ethical standards</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Data ethics cf. section 99d</td></tr><tr><td colspan="1">At the beginning of 2018, the Group implemented and communicated an internal data privacy policy including a methodology framework. Furthermore, security policies Including security technology, to ensure effective protec- tion also on customer privacy policies, have been imple- mented. The Groups GDPR Policies are in line with the EU data protection framework and have been adopted from May 25th. 2015.</td></tr><tr><td colspan="1">The Group prioritize privacy and compliance with GDPR. Hence, data ethic policies have been implemented. ensuring responsible data use and internal and external transparency. Administrative data is collected for salary payments, creditor invoices, etc ., with specific access con- trols. Customer data handling is detailed in subsidiary companies' personal data policies.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management's statement</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The Board of Directors and the Executive Board have today discussed and approved the annual report of Miinto Holding A/S for the financial year 1 August 2022 - 31 July 2023.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The annual report has been prepared in accordance with International Financial Reporting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act. In our opinion. the consolidated financial statements and the parent company financial statements give a true and fair view of the financial position of the Group and the Parent Company at 31 July 2023 and of the results of their operations and cash flows for the financial year 1 August 2022 - 31 July 2023.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Further, in our opinion. the Management's review gives a fair review of the development in the Group's and the Parent Company's activities and financial matters. results for the year. cash flows and financial position as well as a description of material risks and uncertainties that the Group and the Parent Company face.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We recommend that the annual report be approved at the annual general meeting.</td></tr></table> Aarhus. 2023-11-30 <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independent auditor's report</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the shareholders of Miinto Holding A/S</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Opinion</td></tr><tr><td colspan="1">We have audited the consolidated financial statements and the parent company financial statements of Miinto Holding A/S for the financial year 1 August 2022 - 31 July 2023. which comprise income statement. statement of comprehensive income, balance sheet, statement of changes in equity, cash flow statement and notes, including accounting policies. for the Group and the Parent Company. The consolidated financial statements and the par- ent company financial statements are prepared in accordance with International Financial Reporting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the consolidated financial statements and the parent company financial statements give a true and fair view of the financial position of the Group and the Parent Company at 31 July 2023 and of the results of the Group's and the Parent Company's operations and cash flows for the financial year I August 2022 - 31 July 2023 in accordance with International Financial Reporting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis for opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional require- ments applicable in Denmark. Our responsibilities under those standards and requirements are further described in the "Auditor's responsibilities for the audit of the consolidated financial statements and the parent comparty financial statements" (hereinafter collectively referred to as "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.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independence</td></tr><tr><td colspan="1">We are independent of the Group in accordance with the International Ethics Standards Board for Accountants' Intemational 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 require- ments and the IESBA Code.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement on the Management's review</td></tr><tr><td colspan="1">Management is responsible for the Management's review</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover the Management's review, and we do not express any assurance conclusion thereon.</td></tr><tr><td colspan="1">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 state- ments. or our knowledge obtained during the audit, or otherwise appears to be materially misstated.</td></tr><tr><td colspan="1">Moreover, it is our responsibility to consider whether the Management's review provides the information required under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Based on our procedures. we conclude that the Management's review is in accordance with the financial state- ments 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.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management's responsibilities for the financial statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of consolidated financial statements and parent company finan- cial statements that give a true and fair view in accordance with International Financial Reporting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act and for such internal control as Management dletermines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.</td></tr><tr><td colspan="1">In preparing the financial statements. Management is responsible for assessing the Group's and the Parent 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 theGroup or the Parent Company or to cease operations, or has no realistic alternative but to do so.</td></tr></table> <table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Auditor's responsibilities for the audit of the financial statements</td></tr><tr><td colspan="1">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</td></tr><tr><td colspan="1">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 misstate- ment 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.</td></tr><tr><td colspan="1">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</td></tr><tr><td colspan="1">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 mis- statement 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.</td></tr><tr><td colspan="1">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 effective- ness of the Group's and the Parent Company's internal control.</td></tr><tr><td colspan="1">Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.</td></tr><tr><td colspan="1">Conclude on the appropriateness of Management's use of the going concern basis of accounting in pre- paring the financial statements and, based on the audit evidence obtained, whether a material uncertain- ty exists related to events or conditions that may cast significant doubt on the Group's and the Parent 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 evi- dence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group and the Parent Company to cease to continue as a going concern.</td></tr><tr><td colspan="1">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 everits in a manner that gives a true and fair view.</td></tr><tr><td colspan="1">Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are respon- sible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.</td></tr><tr><td colspan="1">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 intemel control that we identify during our audit.</td></tr></table> Aarhus 2023-11-30 Årsrapport 30700228 EY Godkendt Revisionspartnerselskab Cortex Park Vest 3 5230 Odense M xWizard version 1.1.1223.0, by EasyX Aps. www.easyx.eu 2021-08-01 2022-07-31 Revisionspåtegning Grundlag for konklusion Konklusion 0 423829000 195748000 349921000 100574000 13306000 4351000 2137000 7639000 -55907000 -189667000 -189667000 0 -189667000 -245574000 128954000 -71939000 36025000 -770000 -79680000 -60320000 -101898000 10600000 -465000 4084000 -122129000 15571000 7278000 926000 -118846000 587000 -118259000 -117920000 228000 -111256000 -23500000 17931000 -152686000 132377000 0 765000 -187805000 0 1566000 -469000 -189667000 -189667000 0 -189667000 -190136000 507000 -186028000 -79680000 -127131000 -101898000 -7000 0 46564000 21080000 76790000 144434000 1054000 725000 82000 1861000 14810000 8126000 169231000 455000 14988000 18699000 64336000 1437000 3515000 102975000 14281000 117711000 286942000 4202000 587000 458000 5247000 16894000 13834000 30728000 85715000 9535000 113080000 7892000 2522000 977000 31246000 250967000 286942000 14281000 46564000 27047000 68575000 142186000 905000 955000 185000 2045000 19329000 5505000 169065000 1867000 20130000 49350000 73578000 1644000 2631000 147333000 15850000 165050000 334115000 820000 0 -30001000 -29181000 15996000 15430000 31426000 132377000 11999000 146558000 0 0 3899000 37037000 331871000 334115000 15850000 115047000 115047000 9630000 7583000 1304000 18517000 18517000 133564000 4202000 587000 458000 5247000 10784000 10784000 85715000 1302000 7892000 14974000 6466000 457000 727000 117534000 133564000 0 107372000 107372000 16818000 469000 0 17287000 17287000 124659000 820000 0 -30001000 -29181000 12113000 12113000 132377000 278000 0 0 8852000 0 220000 141727000 124659000 0 Depreciation and impairment of property, plant and equipment 28068000 Depreciation and impairment of property, plant and equipment 13307000 Amortisation and impairment of intangible assets and impairment of goodwill 4647000 Amortisation and impairment of intangible assets and impairment of goodwill 4351000 Joint taxation contribution received 65000000 Joint taxation contribution received 27024000 Acquisition of intangible assets 0 Acquisition of intangible assets -43008000 Disposal of PPE 7000 Disposal of PPE 219000 Other receivables (deposits) 207000 Other receivables (deposits) -96000 15850000 5716000 Depreciation and impairment of property, plant and equipment 5967000 Depreciation and impairment of property, plant and equipment 3428000 Joint taxation contribution received 469000 Joint taxation contribution received 173000 Acquisition of intangible assets -23500000 Acquisition of intangible assets -43008000 0 7000 Konrad Artur Kierklo. Jeppe Østergaard Bredahl Chairman Carsten Stokholm Mikkelsen Konrad Artur Kierklo Jeanette Agen Na Tosha Jean Bard EY Godkendt Revisionspartnarselskab 30700228 Morten Friis State Authorised Public Accountant mne32732 Jonas Busk State Authorised Public Accountant mne42771 30700228 EY Godkendt Revisionspartnarselskab