38330284 2024-01-01 2024-12-31 38330284 2024-01-01 2024-12-31 auditor_1 38330284 2024-01-01 2024-12-31 auditor_2 38330284 2024-01-01 2024-12-31 memberOfBoardIdentifier_1 38330284 2024-01-01 2024-12-31 memberOfBoardIdentifier_1 38330284 2024-01-01 2024-12-31 memberOfBoardIdentifier_2 38330284 2024-01-01 2024-12-31 memberOfBoardIdentifier_3 38330284 2023-01-01 2023-12-31 38330284 2022-01-01 2022-12-31 38330284 2021-01-01 2021-12-31 38330284 2020-01-01 2020-12-31 38330284 2024-12-31 38330284 2023-12-31 38330284 2022-12-31 38330284 2021-12-31 38330284 2020-12-31 38330284 2023-12-31 fsa:ContributedCapitalMember 38330284 2023-12-31 fsa:ReserveForDevelopmentExpenditureMember 38330284 2023-12-31 fsa:RetainedEarningsMember 38330284 2024-01-01 2024-12-31 fsa:ContributedCapitalMember 38330284 2024-01-01 2024-12-31 fsa:ReserveForDevelopmentExpenditureMember 38330284 2024-01-01 2024-12-31 fsa:RetainedEarningsMember 38330284 2024-12-31 fsa:ContributedCapitalMember 38330284 2024-12-31 fsa:ReserveForDevelopmentExpenditureMember 38330284 2024-12-31 fsa:RetainedEarningsMember 38330284 2023-12-31 fsa:CompletedDevelopmentProjectsMember 38330284 2023-12-31 fsa:GoodwillMember 38330284 2024-12-31 fsa:CompletedDevelopmentProjectsMember 38330284 2024-12-31 fsa:GoodwillMember 38330284 2024-01-01 2024-12-31 fsa:CompletedDevelopmentProjectsMember 38330284 2024-01-01 2024-12-31 fsa:GoodwillMember 38330284 2023-12-31 fsa:FixturesFittingsToolsAndEquipmentMember 38330284 2023-12-31 fsa:LeaseholdImprovementsMember 38330284 2024-01-01 2024-12-31 fsa:FixturesFittingsToolsAndEquipmentMember 38330284 2024-01-01 2024-12-31 fsa:LeaseholdImprovementsMember 38330284 2024-12-31 fsa:FixturesFittingsToolsAndEquipmentMember 38330284 2024-12-31 fsa:LeaseholdImprovementsMember 38330284 2024-12-31 fsa:FixturesFittingsToolsAndEquipmentMember fsa:LeasedAssetsMember 38330284 2024-12-31 fsa:LeaseholdImprovementsMember fsa:LeasedAssetsMember 38330284 2024-12-31 fsa:LongtermLeaseCommitmentsMember 38330284 2023-12-31 fsa:LongtermLeaseCommitmentsMember iso4217:DKK pure Årsrapport 2024-01-01 2023-01-01 2024-12-31 2023-12-31 2025-06-20 38330284 2025-06-20 2017-01-06 Reporting class C, medium-size enterprise KPMG 2100 København Ø Dampfærgevej 28 25578198 Auditor's report on audited financial statements Aalborg 2025-05-28 KPMG 25578198 Dampfærgevej 28 2100 KPMG 25578198 Dampfærgevej 28 2100 true Martin Jørgen Flaga The Board of Directors and the Executive Board have today discussed and approved the annual report for DSI Dantech AAL A/S for the financial year 1 January - 31 December 2024. The annual report has been 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 assets, liabilities and financial position at 31 December 2024 and of the results of the Company's operations for the financial year 1 January - 31 December 2024.Further, in our opinion, the Management's review gives a fair review of the development in the Company's activities and financial matters, of the results for the year and of the Company's financial position. We recommend that the annual report be approved at the annual general meeting. Søren Sandholm Overgaard CEO Klaus Beyer Nielsen Chairman Martin Jørgen Flaga Søren Sandholm Overgaard Independent auditor's report To the shareholder of DSI Dantech AAL A/S Opinion We have audited the financial statements of DSI Dantech AAL A/S for the financial year 1 January - 31 December 2024, comprising 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 Company's assets, liabilities and financial position at 31 December 2024 and of the results of the Company's operations for the financial year 1 January - 31 December 2024 in accordance with the Danish Financial Statements Act. Basis for Opinion 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 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. 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 that 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. Auditor's responsibilities for the audit of the financial statementsOur 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 in Denmark will always detect a material misstatement when it exists. Misstatements may 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 financial statement users made on the basis of these 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 alsoidentify and assess the risks of material misstatement of the company 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 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. Statement on the 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 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. Steffen S. Hansen mne32737 Simon Falker Jensen mne50560 DSI Dantech AAL A/S Speditørvej 1 DK-9000 Aalborg Aalborg 63625000 73553000 23152000 44888000 49526000 16218000 28580000 -18227000 13245000 18766000 3709000 -2197000 97000 13000 -1368000 15500000 19227000 -14141000 10628000 13045000 133627000 124091000 130365000 109957000 88987000 692000 9548000 6266000 1282000 4526000 25862000 10362000 -8865000 14477000 32569000 416 1732 -152 134 220 1331 1062 864 1093 1644 856 25687 -504 452 481 194 84 -68 132 366 66000 62000 65000 47000 48000 The financial ratios have been calculated as follows:Return on invested capitalProfit/loss before financial income and expenses x 100 / Average invested capitalCurrent ratioCurrent assets x 100 / Current liabilitiesReturn on equityProfit/loss after tax x 100 / Average equitySolvency ratioEquity at year end x 100 / Total equity and liabilities at year end Principal activities The Company's activities are development, production and sale of freezers within the global food and feed industry. Development in activities and financial position Profit for the year (including comparison with forecasts previously announced) The Company's income statement for 2024 shows a profit of DKK 15,500 thousand as against a profit of DKK 19,227 thousand in 2023. Equity in the Company's balance sheet at 31 December 2024 stood at DKK 25,862 thousand as against DKK 10,362 thousand at 31 December 2023. Outlook At the outset of 2025, the Company has a solid order backlog and a strong pipeline of potential projects. However, uncertainty in the global business environment is still high, and we still experience high volatility in global supply chains that will continue to put pressure on margins. Based on the initiatives taken in 2022 and 2023, Management expects an increase in profitability in 2025 with a reported positive profit. Financial performance in Q1 2025 supports these expectations. Research and development activities The Group is investing in both new product development and in continuous improvements of the existing product portfolio, both areas are driven by own ideas as well as by input from markets and customers. This is to ensure that the Group keeps up with market demands and expectations. In 2024, several new development projects were completed, and one patent application filed. Based on the ongoing development activities, the Group expects to commercially launch several new products and solutions in 2025. The Company's risk exposure The key risks in the business relate to the ability to deliver projects at a profitable margin. The Group has implemented project approval models and project execution models to ensure that all risks are identified and mitigated at an early stage. The Group is financed through its own capital, as well as acquisition loan, overdraft facility, supplier credit, etc. Duration and interest risk are evaluated as appropriate for the Company and the Group. Foreign exchange and credit risks relating to commercial activities are either naturally hedged or considered to be at an appropriately low level. Events after the balance sheet date No events have occurred after the balance sheet date of material importance to the annual report for 2024. 63625000 73553000 42443000 40833000 4964000 4140000 16218000 28580000 4087000 148000 378000 2345000 19927000 26383000 4427000 7156000 15500000 19227000 2134000 0 400000 0 7663000 0 9634000 0 2830000 0 9311000 0 722000 0 10033000 9609000 23082000 0 18706000 0 44645000 0 0 0 2400000 0 1681000 0 66000 0 10353000 7938000 133627000 124091000 500000 500000 1665000 2622000 23697000 7240000 25862000 10362000 21774000 20569000 2451000 2196000 24225000 22765000 194000 266000 42511000 58583000 5420000 25392000 23616000 1114000 113000 86000 11686000 5523000 83346000 90698000 83540000 90964000 133627000 124091000 500000 2622000 7240000 0 -957000 16457000 500000 1665000 23697000 The annual report of DSI Dantech AAL A/S for 2024 has been prepared in accordance with the provisions applying to reporting class C medium-sized entities under the Danish Financial Statements Act.The accounting policies used in the preparation of the financial statements are consistent with those of last year.ReclassificationsReferring to the true and fair view set out in the Danish Financial Statements Act, the Company has reclassified individual items in the income statement and balance sheet. The reclassifications have not affected results before tax, results for the year or equity. Comparative figures have been restated accordingly. Omission of cash flow statementPursuant to section 86(4) of the Danish Financial Statements Act, no cash flow statement has been prepared. The Company's cash flows are included in the cash flow statement in the consolidated financial statements of Freeze HoldCo ApS. Foreign currency translation On initial recognition, transactions denominated in foreign currencies are translated at the exchange rates 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, payables and other monetary items denominated in foreign currencies are translated at the exchange rates 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 latest financial statements is recognised in the income statement as financial income or financial expenses. Revenue The Company has chosen IAS 11/ IAS 18 as the basis for interpretation of 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. Income from contract work in progress involving a high degree of customisation is recognised as revenue by reference to the stage of completion. Accordingly, revenue corresponds to the market value of the contractwork performed during the year (percentage-of-completion method). This method is used where the total income and expenses and the degree of completion of the contract can be measured reliably. Where income from contract work in progress cannot be estimated reliably, contract revenue corresponding to the expenses incurred is recognised only in so far as it is probable that such expenses will be recoverable from the counterparty.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. Cost of sales Cost of sales comprises costs incurred to generate revenue for the year. This item also comprises direct costs for goods for resale and changes to inventory of goods for resale. Other external costs Other external costs include the year's costs relating to the Company's core activities, including costs relating to distribution, sale, advertising, administration, premises, bad debts, payments under operating leases, etc. Staff costs 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. Financial income and expenses 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, 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 on profit for the year 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. The entity is jointly taxed with other group entities. The total Danish income tax charge is allocated between profit/ loss-making Danish entities in proportion to their taxable income (full absorption). Jointly taxed entities entitled to a tax refund are reimbursed by the management company based on the rates applicable to interest allowances, and jointly taxed entities which have paid too little tax pay a surcharge according to the rates applicable to interest surcharges to the management company. Intangible assets Development projects Development costs comprise costs, wages, salaries and amortisation directly and indirectly attributable to development activities. Development projects that are clearly defined and identifiable, where the technical feasibility, sufficient resources and a potential future market or development opportunities are evidenced, and where the Company intends to produce, market or use the project, are recognised as intangible assets provided that the cost can be measured reliably and that there is sufficient assurance that future earnings can cover production costs, selling costs and administrative expenses as well development costs. Other development costs are recognised in the income statement as incurred. Development costs recognised in the balance sheet are measured at cost less accumulated amortisation and impairment losses. Upon completion of development work, development costs are amortised on a straight-line basis over the estimated useful lives. The amortisation period is usually 5 years. Patents, licences and trademarks Intangible assets are measured at cost less accumulated amortisation and impairment losses. Gains and losses are recognised in the income statement as other operating income or other operating costs, respectively. Goodwill Goodwill is amortised on a straight-line basis over the estimated useful life determined on the basis of Management's experience within the individual business areas. The maximum amortisation period is between 10 and 15 years and longest for strategically acquired entities with a strong market position and long-term earnings profile. Gains and losses on the disposal of intangible assets are determined as the difference between the selling price less selling costs and the carrying amount at the date of disposal. Gains and losses are recognised in the income statement as other operating income or other operating costs, respectively. The amortisation period is fixed on the basis of the expected repayment horizon and is longest for strategically acquired entities with strong market positions and long-term earnings profiles. Property, plant and equipmentLand and buildings, plant and machinery and fixtures and fittings, tools and equipment are measured at cost less accumulated depreciation and impairment losses.Cost comprises the purchase price and any costs directly attributable to the acquisition until the date on which the asset is available for use.The cost of self-constructed assets includes the cost of direct materials and labour, etc. directly used in the production process and a portion of the relating production overheads.The basis of depreciation is cost less any projected residual value after the end of the useful life. Depreciation is provided on a straight-line basis over the estimated useful life. The expected useful lives of the assets are as follows:Fixtures and fittings, tools and equipment3-10 yearsLeasehold improve­ments3-20 yearsLand is not depreciated. Gains and losses on the disposal of property, plant and equipment are stated as the difference between the selling price less selling costs and the carrying amount at the date of disposal. Gains and losses are recognised in the income statement as other operating income or other operating costs, respectively. Leases On initial recognition, leases for fixed assets that transfer substantially all risks and rewards incident to ownership to the Company (finance leases) are recognised in the balance sheet at the lower of fair value and the net present value of future lease payments. When the net present value is calculated, the interest rate implicit in the lease or the incremental borrowing rate is used as the discount factor. Assets held under finance leases are subsequently depreciated as the Company's other fixed assets. The capitalised lease obligation is recognised in the balance sheet as a liability at amortised cost, allowing the interest element of the lease payment to be recognised in the income statement over the term of the lease. All other leases are accounted for as operating leases. Payments relating to operating leases and other leases are recognised in the income statement over the term of the lease. The Company's total obligation relating to operating leases and other leases is disclosed as contractual obligations and contingencies, etc. Impairment of fixed assets The carrying amount of intangible assets and property, plant and equipment as well as equity investments in subsidiaries and participating interests (including associates) is subject to an annual test for indications of impairment other than the decrease in value reflected by depreciation or amortisation.The carrying amount of intangible assets, property, plant and equipment and investments in subsidiaries and associates is assessed for impairment on an annual basis Impairment tests are conducted of individual assets or groups of assets when there is an indication that they may be impaired. Write-down is made to the recoverable amount if this is lower than the carrying amount. The recoverable amount is the higher of an asset's net selling price and its value in use. The value in use is determined as the present value of the forecast net cash flows from the use of the asset or the group of assets, including forecast net cash flows from the disposal of the asset or the group of assets after the end of the useful life. Previously recognised write-downs are reversed when the basis for the write-down no longer exists. Write-down of goodwill is not reversed. Inventories 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 cost of raw materials and consumables comprises the cost of acquisition plus delivery costs. The cost of finished goods and work in progress includes the cost of raw materials, consumables, direct labour and indirect production overheads. Indirect production overheads include the indirect cost of material and labour as well as maintenance and depreciation of production machinery, buildings and equipment and expenses relating to plant administration and management. Borrowing costs are not recognised in the sales price. Receivables Receivables are measured at amortised cost. The Company has chosen IAS 39 as the basis for interpretation of impairment of financial receivables. 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. Contract work in progress Service supplies and contract work in progress for third parties are measured at the market value of the work performed less progress billings. The market value is calculated based on the stage of completion at the balance sheet date and the total expected income from the relevant contract. The stage of completion is calculated based on the expenses incurred relative to the expected total expenses relating to the relevant contract. Where the outcome of contract work in progress cannot be estimated reliably, the market value is measured at the expenses incurred in so far as they are expected to be paid by the purchaser. Where the total expenses relating to the work in progress are expected to exceed the total market value, the expected loss is recognised as a loss-making agreement under "Provisions" and is expensed in the income statement. The value of work in progress less progress billings is classified as assets when the selling price exceeds progress billings and as liabilities when progress billings exceed the market value. Corporation tax and deferred tax Current tax payable and receivable is recognised in the balance sheet as tax computed on the taxable income for the year, adjusted for tax on the taxable income of prior years and for 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. Prepayments Prepayments comprise prepaid expenses regarding subsequent years. EquityReserve for development costsThe reserve for development costs comprises recognised development costs. The reserve cannot be used to distribute dividends or cover losses. The reserve will be reduced or dissolved if the recognised development costs are amortised or are no longer part of the Company's operations by a transfer directly to the distributable reserves under equity.Dividends Dividends proposed for the year are recognised as a liability once adopted at the annual general meeting (declaration date). Dividends expected to be distributed for the financial year are presented as a separate item under "Equity". Provisions Provisions comprise anticipated expenses relating to warranty commitments, onerous contracts, restructurings, etc. Provisions are recognised when the Company has a legal or constructive obligation at the balance sheet date as a result of a past event and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation. Provisions are measured at net realisable value or at fair value if the obligation is expected to be settled far into the future. Warranty commitments include expenses for remedial action in respect of the contract work within the warranty period of 1-2 years. Provisions for warranty commitments are measured at net realisable value and recognised based on past experience. Liabilities other than provisions Financial liabilities are recognised at the date of borrowing at the net proceeds received less transaction costs paid. On subsequent recognition, financial liabilities are measured at amortised cost, corresponding to the capitalised value, using the effective interest rate. Accordingly, the difference between the proceeds and the nominal value is recognised in the income statement over the term of the loan. Lease liabilities are measured at the net present value of the remaining lease payments including any guaranteed residual value based on the interest rate implicit in the lease. Other liabilities are measured at net realisable value. 36683000 36092000 5054000 3783000 706000 958000 66 62 -2000000 0 -77000 -148000 -2010000 0 0 529000 378000 70000 0 1746000 -957000 -1037000 16457000 20264000 6695000 2000000 6695000 2000000 -3334000 -1400000 -1227000 -200000 -4561000 -1600000 2134000 400000 Completed development projects Completed development projects include the Company’s development of new freezer functions, features and handling system with a carrying amount of DKK 2,134 thousand. In Management's opinion, development progressed as planned. The features were completed and rolled out in 2020-22 and 2023 and are amortised over 5 years. 19160000 15694000 413000 279000 -983000 0 18590000 15973000 -9226000 -4584000 -1771000 -1755000 70000 0 -10927000 -6339000 7663000 9634000 310000 0 263065000 386814000 -286870000 -428947000 18706000 16450000 42511000 58583000 Prepayment6614 Prepayments include accrual of expenses relating to subsequent financial years, including insurance policies, subscriptions and trade fair costs, etc. Contributed capital consists of:A shares, 500.000 shares of nom. DKK 1 each. 20569000 0 1205000 0 DKK'00031/12 202431/12 2023Other provisions at 1 January 20242,1962,891Used during the year-3,427-4,191Provisions for the year3,6823,496Other provisions at 31 December 20242,4512,196 Other provisions relates to warranty guarantees. Warranty period is usually up to 2 years, and therefore provisions mainly relate to sold solutions during 2022 and 2023. 113000 86000 194000 266000 Contingent liabilitiesThe Company is a party to a few pending claims. In Management's opinion, apart from the liabilities recognised in the balance sheet at 31 December 2024, the outcome of the disputes will not affect the Company's financial position.The Company is jointly taxed with its Parent Company, Freeze HoldCo ApS, which acts as management company, and is jointly and severally liable with other jointly taxed group entities for the payment of income taxes as well as withholding taxes on interest, royalties and dividends.Operating lease obligationsThe Company has entered into operating leases with a remaining term of 1-10 years and an average monthly lease payment of DKK 536,330, totaling DKK 62,623,115.Rental62,57564,981Other4866 Through credit institutions, the Company has provided guarantees of DKK 16,529 thousand as well as ordinary warranty for work performed. The Company has provided a company charge of DKK 5,500 thousand to credit institutions. At 31 December 2024, the company charge comprises goodwill, property, plant and equipment, inventories and receivables with a carrying amount of approx. DKK 51,000 thousand. Control Procuritas Capital Investors VI AB, Stockholm, Sweden controls the majority of the contributed capital in the Company through Freeze HoldCo ApS and Freeze BidCo ApS, Frederikshavn. DSI Dantech AAL A/S is part of the consolidated financial statements of Freeze HoldCo ApS, Frederikshavn, which are the smallest and largest group, respectively, in which the Company is included as a subsidiary. The consolidated financial statements of Freeze HoldCo ApS can be obtained by contacting the company at the above address. In addition to the above parent companies, DSI Dantech AAL A/S' related parties furthermore comprise affliated companies controlled by the above parent companies and their Executive Boards and Boards of Directors as well as their close family members and controlled companies.DKK'0002024 Sale of goods30,658 Purchase of goods and services-50,044 Management fee-15,308 Interest to group entities2,750 No events have occurred after the balance sheet date to this date that would influence the assessment and evaluation of this annual report in any material way.