Årsrapport34209936Grant Thornton, Godkendt RevisionspartnerselskabAgerøvej, 31A, 2. sal8381, Tilst2023-01-012023-12-312024-01-012024-12-3179130214LECTRA DANMARK A/SVestergade417400HerningGrant Thornton, Godkendt Revisionspartnerselskab34209936Michael Helvig Nielsen Jensenstatsautoriseret revisormne51529Agerøvej31A, 2. sal8381TilstDanmark+45 86 20 76 20info@dk.gt.com2025-06-27Mapenda FameRegnskabsklasse BAndre erklæringer uden sikkerhedCaseWare fra Revisorgruppen DanmarkkapitalejerenAarhus2025-06-26Herning2025-06-27903385953878769139754205134246199673151806133011159911014877115542727743212407020171475202573249765202573249765558055805580558055805580146814681468146828764921811634198493584724134561387837209543816718970745606661469316744248474698747443042705000005000002877907267533433779073175334305330533053305336925455700958926473171037458137395970757994643571131778712520401317787125204046987474430427702594687662620096199445364549769139754205111413971413971413971413975580558055805000005000005000005000002675334242458620257325074828779072675334Today, the Board of Directors and the Managing Director have approved the annual report of LECTRA DANMARK A/S for the financial year 1 January 2024 - 31 December 2024. The annual report has been prepared in accordance with the Danish Financial Statements Act. We consider the chosen accounting policy to be appropriate, and in our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2024 and of the results of the Company's operations for the financial year 1 January 2024 – 31 December 2024. The Board of Directors and the Managing Director consider the conditions for audit exemption of the 2024 financial statements to be met. Further, in our opinion, the Management's review gives a true and fair review of the matters discussed in the Management's review. We recommend that the annual report be approved at the Annual General Meeting. Mapenda FameMélanie Carole ChaumontOlivier Duval du ChesnayMapenda FameWe have compiled the financial statements of LECTRA DANMARK A/S for the financial year 1 January 2024 - 31 December 2024 based on the company's bookkeeping and on information you have provided. These financial statements comprise a summary of significant accounting policies, income statement, balance sheet, statement of changes in equity and notes. We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), Compilation Engagements. We have applied our expertise in accounting and financial reporting to assist Management in the preparation and presentation of these financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant requirements under the Danish Act on Approved Auditors and Audit Firms and International Ethics Standards Board for Accountants’ International Code of Ethics for Professional Accountants (IESBA Code) including principles of integrity, objectivity, professional competence and due care. These financial statements and the accuracy and completeness of the information used to compile them are your responsibility. Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with the Danish Financial Statements Act. Description of key activities of the company The company's principal activities comprise trade in CAD/CAM solutions and related services. The Company's product range is directed at textile, clothing, padded furniture and industrial business. Due to its affiliation with the Lectra Group, no research and development takes place in Denmark. Significant changes in the company's activities and financial matters The income statement for the fiscal year of 2024 show a totals DKK 202.573 against DKK 249.765 last year. The balance sheet at 31 December 2024 shows equity of DKK 3.377.907. Management considers the net profit or loss for the year satisfactory. Events occurring after the end of the financial year No events materially affecting the Company's financial position have occurred subsequent to the financial year-end 4. Charges and security The Company has not provided any security or other collateral in assets at 31 December 2024. 5. Contractual obligations and contingencies, etc. Contractual obligations and contingent liabilities Lease liabilities: Operating lease obligations with a period of notice of 8 months, equivalent to DKK 45 thousand. Rent commitment: The company has entered into a rent agreement with a termination notice period of 3 months, equivalent to DKK 6 thousand. The annual report for LECTRA DANMARK A/S has been presented in accordance with the Danish Financial Statements Act regulations concerning reporting class B enterprises. Furthermore, the company has decided to comply with certain rules applying to reporting class C enterprises. The accounting policies are unchanged from last year, and the annual report is presented in DKK. Gross profit Gross profit comprises the revenue and external costs. The enterprise will be applying IAS 11 and IAS 18 as its basis of interpretation for the recognition of revenue. Revenue is recognised in the income statement if delivery and passing of risk to the buyer have taken place before the end of the year and if the income can be determined reliably and inflow is anticipated. Revenue is measured at the fair value of the consideration promised exclusive of VAT and taxes and less any discounts relating directly to sales. Cost of sales comprises costs concerning purchase of raw materials and consumables less discounts and changes in inventories. Other external expenses comprise expenses incurred for distribution, sales, advertising, administration, premises, loss on receivables, and operational leasing costs. Staff costs Staff costs include salaries and wages, including holiday allowances, pensions, and other social security costs, etc., for staff members. Financial income and expenses Financial income and expenses are recognised in the income statement with the amounts concerning the financial year. Financial income and expenses comprise interest income and expenses as well as surcharges and reimbursements under the advance tax scheme, etc. Tax on net profit or loss for the year Tax for the year comprises the current income tax for the year and changes in deferred tax and is recognised in the income statement with the share attributable to the net profit or loss for the year and directly in equity with the share attributable to entries directly in equity. Intangible assets Other intangible assets include development projects and other acquired intangible rights, including software licences, distribution rights and development projects. Other intangible assets are measured at cost less accumulated amortisation and impairment losses. Gains and losses on the sale of intangible assets are recognised in the income statement under "Other operating income" or "Other operating expenses", respectively. Gains and losses are calculated as the difference between the selling price less selling expenses and the carrying amount at the time of sale.Deposits Deposits are measured at amortised cost and represent lease deposits, etc. Impairment loss relating to non-current assets The carrying amount of intangible assets are subject to annual impairment tests in order to disclose any indications of impairment beyond those expressed by amortisation and depreciation respectively. If indications of impairment are disclosed, impairment tests are carried out for each individual asset or group of assets, respectively. write-down for impairment is done to the recoverable amount if this value is lower than the carrying amount. The recoverable amount is the higher value of value in use and selling price less expected selling cost. The value in use is calculated as the present value of the expected net cash flows from the use of the asset or the asset group and expected net cash flows from the sale of the asset or the asset group after the end of their useful life. Previously recognised impairment losses are reversed when conditions for impairment no longer exist. Inventories Inventories are measured at cost according to the FIFO method. In cases when the net realisable value of the inventories is lower than the cost, the latter is written down for impairment to this lower value. The net realisable value for inventories is recognised as the estimated selling price less costs of completion and selling costs. The net realisable value is determined with due consideration of negotiability, obsolescence, and the development of expected market prices. Receivables Receivables are measured at amortised cost, which usually corresponds to nominal value. In order to meet expected losses, impairment takes place at the net realisable value. The company has chosen to use IAS 39 as a basis for interpretation when recognising impairment of financial assets, which means that impairments must be made to offset losses where an objective indication is deemed to have occurred that an account receivable or a portfolio of accounts receivable is impaired. If an objective indication shows that an individual account receivable has been impaired, an impairment takes place at individual level. Accounts receivable for which there is no objective indication of impairment at the individual level are evaluated at portfolio level for objective indication of impairment. The portfolios are primarily based on the debtors' domicile and credit rating in accordance with the company's and the group's credit risk management policy. Determination of the objective indicators applied for portfolios are based on experience with historical losses. Impairment losses are calculated as the difference between the carrying amount of accounts receivable and the present value of the expected cash flows, including the realisable value of any securities received. The effective interest rate for the individual account receivable or portfolio is used as the discount rate. Prepayments Prepayments recognised under assets comprise incurred costs concerning the following financial year. Cash and cash equivalents Cash and cash equivalents comprise cash at bank. Income tax and deferred tax Current tax liabilities and current tax receivable are recognised in the statement of financial position as calculated tax on the taxable income for the year, adjusted for tax of previous years' taxable income and for tax paid on account. Deferred tax is measured on the basis of temporary differences in assets and liabilities with a focus on the statement of financial position. Deferred tax is measured at net realisable value. Deferred tax is measured based on the tax rules and tax rates applying under the legislation prevailing in the respective 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 recognised in the income statement, except for items included directly in the equity. Deferred tax assets, including the tax value of tax losses allowed for carryforward, are recognised at the value at which they are expected to be realisable, either by settlement against tax of future earnings or by set-off in deferred tax liabilities within the same legal tax unit. Any deferred net tax assets are measured at net realisable value. Liabilities other than provisions Other liabilities concerning payables to suppliers, group enterprises, and other payables are measured at amortised cost which usually corresponds to the nominal value. Deferred income Payments received concerning future income are recognised under deferred income. 791302142024-01-012024-12-31791302142023-01-012023-12-31791302142023-12-31791302142024-12-31791302142024-01-012024-12-311791302142024-01-012024-12-312791302142024-01-012024-12-313791302142024-01-012024-12-312791302142024-01-012024-12-311791302142024-01-012024-12-313791302142024-01-012024-12-311791302142024-01-01e:DevelopmentProjectsInProgressMember791302142024-12-31e:DevelopmentProjectsInProgressMember791302142024-01-01e:ContributedCapitalMember791302142024-12-31e:ContributedCapitalMember791302142024-01-01e:RetainedEarningsMember791302142024-01-012024-12-31e:RetainedEarningsMember791302142024-12-31e:RetainedEarningsMember791302142023-01-01e:ContributedCapitalMember791302142023-12-31e:ContributedCapitalMember791302142023-01-01e:RetainedEarningsMember791302142023-01-012023-12-31e:RetainedEarningsMember791302142023-12-31e:RetainedEarningsMember791302142024-01-01e:DepositsLongtermInvestmentsAndReceivablesMember791302142024-12-31e:DepositsLongtermInvestmentsAndReceivablesMemberiso4217:DKKxbrli:pure