Årsrapport 30700228 EY Godkendt Revisionspartnerselskab Dalgasgade 27, 3. sal 7400 Herning 2023-01-01 2023-12-31 2022-01-01 2022-12-31 79130214 Lectra Danmark A/S Vestergade 41 7400 Herning 1985-09-20 Herning EY Godkendt Revisionspartnerselskab 30700228 Dalgasgade 27, 3. sal 7400 Herning 2024-06-26 Mapenda Fame Regnskabsklasse B Andre erklæringer uden sikkerhed true true 2024-06-26 2024-06-26 CaseWare Working Papers Herning Mapenda Fame CEO Mélanie Carole Chaumont Chairman Mapenda Fame Olivier Duval du Chesnay Herning Jesper Stier State Authorised Public Accountant mne42245 953878 1107485 754205 769521 0 1283 199673 336681 133121 45361 11554 7637 321240 374405 71475 82325 249765 292080 249765 292080 0 0 0 0 5580 5580 5580 5580 5580 5580 1468 1468 1468 1468 218116 283652 3584724 3569663 13878 11893 3816718 3865208 606661 453993 4424847 4320669 4430427 4326249 500000 500000 2675334 2425569 3175334 2925569 3053 2616 3053 2616 45570 50910 95892 394850 71038 85008 395969 364723 643571 502573 1252040 1398064 4430427 4326249 500000 2133489 292080 500000 2425569 249765 500000 2675334 687662 688669 61994 73613 4549 7239 754205 769521 1 1 133011 44809 110 552 71038 85008 437 -2683 141397 141397 141397 141397 0 Today, the Board of Directors and the Executive Board have discussed and approved the annual report of Lectra Danmark A/S for the financial year 1 January - 31 December 2023. The annual report, which has not been audited, has been prepared in accordance with the provisions of the Danish Financial Statements Act. The Board of Directors and the Executive Board have considered the criteria for omission of audit to be met. In our opinion, the financial statements give a true and fair view of the financial position of the Company at 31 December 2023 and of the results of the Company's operations for the financial year 1 January - 31 December 2023. 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. To the general management of Lectra Danmark A/S We have compiled the financial statements of Lectra Danmark A/S for the financial year 1 January - 31 December 2023 based on the Company's bookkeeping and other information provided. The financial statements comprise an income statement, balance sheet, statement of changes in equity and notes, including accounting policies. We performed this compilation engagement in accordance with ISRS 4410 Compilation Engagements. We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of the financial statements in accordance with the Danish Financial Statements Act. We have complied with relevant requirements in the Danish Auditors Act and International Ethics Standards Board for Professional Accountants' International Code of Ethics for Professional Accountants (IESBA Code), including principles of integrity, objectivity, professional competence and due care. The financial statements and the accuracy and completeness of the information used to compile the financial statements 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 the financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether the financial statements are prepared in accordance with the Danish Financial Statements Act. 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. The income statement for 2023 shows a profit of DKK 249,765 against a profit of DKK 292,080 last year, and the balance sheet at 31 December 2023 shows equity of DKK 3,175,334. No events materially affecting the Company's financial position have occurred subsequent to the financial year-end. The annual report of Lectra Danmark A/S for 2023 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. In accordance with the Danish Business Authority’s clarification in May 2021, financial statement items regarding equity investments in associates have been renamed to equity investments in participating interests as the financial statement items must be designated as such when the entity only holds equity investments in associates. Reporting currency The financial statements are presented in Danish kroner (DKK). 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 for resale and finished goods, is recognised in revenue when the most significant rewards and risks have been transferred to the buyer and provided the income can be measured reliably and payment is expected to be received. The date of the transfer of the most significant rewards and risks is based on standardised terms of delivery based on Incoterms® 2010. Revenue is measured at the fair value of the agreed consideration excluding VAT and taxes charged on behalf of third parties. All discounts and rebates granted are recognised in revenue. The items revenue, other operating income and external expenses have been aggregated into one item in the income statement called gross profit 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 gains on the sale of non-current assets. Other 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 pension to the Company's employees, as well as other social security contributions, etc. The item is net of refunds from public authorities. The item comprises amortisation of intangible assets. The basis of amortisation, which is calculated as cost less any residual value, is amortised on a straight line basis over the expected useful life. The expected useful lives of the assets are as follows: Software 3-5 years 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, declared dividends from other securities and investments, financial expenses relating to finance leases, realised and unrealised capital gains and losses relating to other securities and investments, exchange gains and losses and amortisation of financial assets and liabilities. 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. 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. Financial assets comprise deposits and are measured at amortised cost, which corresponds to nominal value. The carrying amount of intangible assets is assessed for impairment on an annual basis. Impairment tests are conducted on assets or groups of assets when there is evidence of impairment. The carrying amount of impaired assets is reduced to the higher of the net selling price and the value in use (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 and the expected net cash flows from the disposal of the asset or the group of assets after the end of the useful life. Previously recognised impairment losses are reversed when the reason for recognition no longer exists. 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. The net realisable value of inventories is calculated as the sales amount less costs of completion and expenses required to effect the sale and is determined taking into account marketability, obsolescence and development in the expected selling price. The Company has chosen IAS 39 as interpretation for impairment write-down of financial receivables. Receivables are measured at amortised cost. 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. Prepayments recognised under "Assets" comprise prepaid expenses regarding subsequent financial reporting years. Cash and cash equivalents comprise "Cash at bank" 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. However, deferred tax is not recognised on temporary differences relating to goodwill which is not deductible for tax purposes and on office premises and other items where temporary differences, apart from business combinations, arise at the date of acquisition without affecting either profit/loss for the year or taxable income. 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. The Company has chosen IAS 39 as interpretation for liabilities. Other liabilities are measured at net realisable value. Deferred income Deferred income recognised as a liability comprises payments received concerning income in subsequent financial reporting years. Rent commitment with a period of notice of 3 months, equivalent to DKK 6 thousand. Operating lease obligations with a period of notice of 20 months, equivalent to DKK 113 thousand. The Company has not provided any security or other collateral in assets at 31 December 2023. 79130214 2023-01-01 2023-12-31 79130214 2022-01-01 2022-12-31 79130214 2022-12-31 79130214 2023-12-31 79130214 2023-01-01 2023-12-31 1 79130214 2023-01-01 2023-12-31 2 79130214 2023-01-01 2023-12-31 3 79130214 2023-01-01 2023-12-31 1 79130214 2023-01-01 2023-12-31 1 79130214 2023-01-01 e:AcquiredIntangibleAssetsMember 79130214 2023-12-31 e:AcquiredIntangibleAssetsMember 79130214 2022-01-01 e:ContributedCapitalMember 79130214 2023-01-01 e:ContributedCapitalMember 79130214 2023-12-31 e:ContributedCapitalMember 79130214 2023-01-01 e:RetainedEarningsMember 79130214 2023-01-01 2023-12-31 e:RetainedEarningsMember 79130214 2023-12-31 e:RetainedEarningsMember 79130214 2022-01-01 e:RetainedEarningsMember 79130214 2022-01-01 2022-12-31 e:RetainedEarningsMember iso4217:DKK xbrli:pure