20456078 2024-08-01 2025-07-31 20456078 2024-08-01 2025-07-31 0 20456078 2024-08-01 2025-07-31 1 20456078 2024-08-01 2025-07-31 3 20456078 2024-08-01 2025-07-31 2 20456078 2024-08-01 2025-07-31 1 20456078 2024-08-01 2025-07-31 0 20456078 2024-08-01 2025-07-31 0 20456078 2023-08-01 2024-07-31 20456078 2023-08-01 2024-07-31 1 20456078 2022-08-01 2023-07-31 20456078 2022-08-01 2023-07-31 2 20456078 2021-08-01 2022-07-31 20456078 2021-08-01 2022-07-31 3 20456078 2020-08-01 2021-07-31 20456078 2020-08-01 2021-07-31 4 20456078 2020-08-01 2021-07-31 9 20456078 2021-08-01 2022-07-31 8 20456078 2022-08-01 2023-07-31 7 20456078 2023-08-01 2024-07-31 6 20456078 2024-08-01 2025-07-31 5 20456078 2025-07-31 20456078 2024-07-31 20456078 2023-07-31 20456078 2022-07-31 20456078 2021-07-31 20456078 2020-08-01 2021-07-31 14 20456078 2021-08-01 2022-07-31 13 20456078 2022-08-01 2023-07-31 12 20456078 2023-08-01 2024-07-31 11 20456078 2024-08-01 2025-07-31 10 20456078 2024-07-31 fsa:ContributedCapitalMember 20456078 2024-08-01 2025-07-31 fsa:ContributedCapitalMember 20456078 2024-07-31 fsa:RetainedEarningsMember 20456078 2024-08-01 2025-07-31 fsa:RetainedEarningsMember 20456078 2025-07-31 fsa:RetainedEarningsMember 20456078 2024-07-31 fsa:ProposedDividendRecognisedInEquityMember 20456078 2024-08-01 2025-07-31 fsa:ProposedDividendRecognisedInEquityMember 20456078 2025-07-31 fsa:ProposedDividendRecognisedInEquityMember 20456078 2024-07-31 20456078 2025-07-31 fsa:ContributedCapitalMember xbrli:pure iso4217:DKK Regnskabsklasse C, mellemstor virksomhed true Årsrapport 30700228 EY Cortex Park Vest 3 5230 Odense M xWizard version 1.1.1455.0, by EasyX Aps. www.easyx.eu 2023-08-01 2024-07-31 Revisionspåtegning Grundlag for konklusion Konklusion 2025-12-15 Lisette Kuijs Statement by the Board of Directors and the Executive Board   The Board of Directors and the Executive Board have today reviewed and approved the annual report of   Cisco Systems Danmark ApS for the financial year 1 August 2024 - 31 July 2025. 2024-08-01 2025-07-31 The annual report has been prepared in accordance with the Danish Financial Statements Act.   In our opinion, the company financial statements give a true and fair view of the company's financial   position at 31 July 2025 and of the results of the company's operations for the financial year 1 August   2024 - 31 July 2025.   Further, in our opinion, the Management's review gives a fair review of the development in the company's   operations and financial matters and the results of the company's operations and financial position.   We recommend that the annual report be approved at the annual general meeting.   2025-12-15 Trine Stroemsnes General Manager Evan Barry Sloves Chairman Sajaid Rashid Director Jonas Allan Edebäck Director Independent Auditor's Report   To the shareholder of Cisco Systems Danmark ApS   Opinion   In our opinion, the Financial Statements give a true and fair view of the financial position of the Company   at 31 July 2025, and of the results of the Company's operations for the financial year 1 August 2024 - 31   July 2025 in accordance with the Danish Financial Statements Act.   We have audited the Financial Statements of Cisco Systems Danmark ApS for the financial year 1 August   2024 - 31 July 2025, which comprise income statement, balance sheet, statement of changes in equity   and notes, including a summary of significant accounting policies ("Financial Statements").   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.   Statement on Management's Review   Management is responsible for Management’s Review.   Our opinion on the financial statements does not cover 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 Management’s   Review and, in doing so, consider whether 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 Management’s Review provides the information   required under the Danish Financial Statements Act.   Based on the work we have performed, in our view, Management’s Review is in accordance with the   Financial Statements and has been prepared in accordance with the requirements of the Danish Financial   Statements Act. We did not identify any material misstatement in Management’s Review.   Management's Responsibilities for the Financial Statements   Management 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   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 Statements   Our objectives are to obtain reasonable assurance about 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 applicable in Denmark will   always detect a material misstatement 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 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 also:   • 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   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.   Hellerup 2025-12-15 PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab 33771231 33771231 Martin Lunden Lone Vindbjerg Larsen State Authorised Public Accountant mne32209 State Authorised Public Accountant mne34548 Cisco Systems Danmark ApS 20456078 Address, Postal code, City Address, Postal code, City 1997-08-15 Copenhagen 257489 26876000 -3003000 264066 27445000 -102000 276514 28314000 -499000 266050 27778000 225000 267070 25368000 135000 Profit before net financials Profit before net financials Profit before net financials Profit before net financials Profit before net financials Profit/loss for the year Profit/loss for the year Profit/loss for the year Profit/loss for the year Profit/loss for the year 33761000 28878000 52523000 21470000 19627000 213260000 198755000 182773000 156449000 142615000 186000 660000 525000 282000 203000 Equity Equity Equity Equity Equity 145258000 111497000 82619000 47773000 83865000 10.4 13 68.1 26.3 10.4 14.4 56.1 29.8 10.2 16.7 45.2 93.2 10.4 18.6 19.2 37.7 9.5 17 58.8 26.5 142 144 141 152 152 Financial highlights for the Group (continued)   Financial ratios are calculated in accordance with the Danish Finance Society's guidelines on the   calculation of financial ratios, "Recommendations and ratios".   The financial ratios stated under "Financial highlights" have been calculated as follows:   Return on assets   Profit/loss from operating activities   Average assets x 100   Solvency ratio   Equity at year end x 100   Total equity and liabilities at year end   Return on equity   Profit/loss for the year after tax x 100   Average equity   Business review   The Cisco Systems Group manufactures and sells networking and communications products and   provides services associated with the equipment and its use. Our products are installed in companies,   public institutions, telecommunication companies, commercial businesses as well as at private   individuals. Cisco Systems provides a broad line of products for transporting data, voice, and video in   buildings, across campuses, and around the world.   Cisco Systems Danmark ApS provides commercial and technical sales support related to network and   communication products on behalf of the parent company's activities with customers in the Danish   market. Additionally, the company carries on activities in the field of public relations and marketing in   Denmark on behalf of Cisco International Ltd. The Danish company resides in Copenhagen.   Financial review   The result of 2024/25 is consistent with the expected development, referring to the published Financial   Statements for 2023/24. The cost plus mark up is consistent with prior year and the underlying transfer   pricing agreement in force during the year.   The income statement for 2024/25 shows a profit of KDKK 33.761 against a profit of KDKK 28.878 last   year, and the balance sheet at 31 July 2025 shows equity of KDKK 145.258   Monetary expectations and specific assumptions for the coming year: profit before net financials 25 - 28   MDKK.   Foreign branches   The company has no branches to report.   Intellectual capital resources   Cisco fosters an environment where all employees can innovate and thrive, full details can be obtained   from corporate social responsibility site:-   https://www.cisco.com/c/en/us/about/csr/leading-conscious-culture.html   Recognition and measurement uncertainties   The company generates income on a cost plus basis from Cisco Systems Inc. The cost plus revenue is   based on sales and marketing costs and contract R&D costs plus 10%. Therefore, from the perspective of   the company, the principal risks and uncertainties are integrated with the principal risks of the Cisco   Systems Inc. group and are not managed separately. The principal risks and uncertainties of the Cisco   Systems Inc. group, which include those of the company are disclosed in the group's annual report (10 K   filling) which does not form part of this report but which is publicly available. The directors do not believe   that there is a significant material exposure to liquidity risks as the company is primarily funded by equity.   Research and development activities   The company undertakes research & development work on behalf of the Cisco group, the expense is   recognised as operating expense as incurred. The expense is compensated as part of the cost plus   income as outlined above.   External environment   Whilst global events have had a negative impact on the Cisco group sales activities with its customers   and supply chain, the impact to Cisco Systems Danmark ApS operation & profitability remains unchanged   as the company is compensated on cost plus basis and funded via other group companies and a letter of   financial support has been received from the ultimate parent Cisco Systems Inc.   Outlook   For Fiscal Year 2025, Cisco Denmark ApS demonstrated significant strategic progress and operational   advancements, reinforcing our commitment to sustainable growth and innovation.   A pivotal development during the year was the successful formation of our new operational cluster. This   strategic initiative has already begun to yield substantial benefits, particularly in enhancing operational   efficiency across our integrated functions. The cluster structure has also fostered a rich environment for   knowledge sharing and cross-market learning, enabling us to leverage insights from fairly similar markets   to drive innovation and accelerate our strategic objectives. We are seeing tangible synergies that   contribute directly to our competitive advantage and market responsiveness.   Our commitment to fostering a thriving work environment remains a top priority. While we did not   participate in the Great Place to Work assessment last year, our dedication to our employees is   unwavering. Throughout FY2025, we continued to actively work towards fostering an inclusive work   environment, implementing initiatives and policies designed to promote diversity, equity, and belonging. A   key focus has been on supporting employee well-being and work-life balance, recognizing these as   fundamental pillars for engagement, productivity, and long-term success.   Looking ahead, Cisco Systems Denmark ApS remain steadfastly focused on supporting our customers’   digital journeys. Our core commitment is to helping our customers securely connect everything to make   anything possible, driving innovation, and powering an inclusive future for all.   While we have already observed customers actively planning for the use of Artificial Intelligence (AI), we   recognize that there is still considerable work ahead to fully realize the transformative value that AI can   offer. We remain deeply committed to partnering with our customers to navigate this journey and unlock   AI's full potential. Alongside this, our focus on helping customers securely connect everything continues   to be a paramount objective.   With the increasing role of both AI and the Internet of Things (IoT), we anticipate further strategic   investments in technology to enhance digitization in [Country, e.g., Denmark], reinforcing our position as   a leader in the IT industry. Our strong portfolio, spanning products, geographies, and customer segments,   positions us exceptionally well to support this momentum. We are eager to continue our journey with our   customers and partners, driving innovation and creating value together.   257489000 264066000 230335000 236292000 277000 329000 26876000 14633000 27445000 9506000 5078000 439000 2075000 337000 44513000 37053000 8175000 10752000 33761000 28878000 347000 460000 4811000 2628000 4811000 2577000 7786000 7848000 185567000 144000 141754000 169000 19763000 48984000 205474000 190907000 213260000 198755000 500000 500000 34758000 110997000 0 110000000 145258000 111497000 870000 757000 1816000 11121000 7710000 5102000 61272000 66611000 68002000 87258000 213260000 198755000 500000 0 110997000 -76239000 34758000 0 110000000 110000000 111497000 33761000 500000 145258000 Cisco Systems Danmark ApS' annual report for 2024/25 has been prepared in accordance with the   provisions, which apply to medium-sized reporting class C entities under the Danish Financial Statements   Act.   The financial statements are presented in Danish Kroner (KDKK).   Omission of a cash flow statement   With reference to section 86(4) of the Danish Financial Statements Act, no cash flow statement is   prepared. The entity's cash flows are part of the consolidated cash flow for the parent company, Cisco   Systems Inc. USA.   Foreign currency translation   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.   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 assessed for   objective evidence of impairment on a portfolio basis. The portfolios are primarily based on the country of   domicile and credit ratings of the debtors in accordance with the Group's credit 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 net 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.   Leases   Leases that do not transfer substantially all the risks and rewards incident to the ownership to the   Company are classified as operating leases. Payments relating to operating leases and any other rent   agreements are recognised in the income statement over the term of the lease. The Company's   aggregate liabilities relating to operating leases and other rent agreements are disclosed under   "Contingent liabilities".   Income statement   Revenue   Revenue from the sale of service to Cisco Systems Inc. is recognized in the income statement when they   are rendered. Revenue is recognized exclusive of VAT and net of discounts relating to sales.   Gross margin   The items revenue, other external expenses and other operating income have been aggregated into one   item in the income statement called gross margin in accordance with section 32 of the Danish Financial   Statements Act.   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   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.   Depreciation   The item comprises depreciation of property, plant and equipment.   The basis of depreciation, which is calculated as cost less any residual value, which is re-evaluated on an   annual basis, is depreciated on a straight line basis over the expected useful life. The expected useful   lives of the assets are as follows:   Other fixtures and fittings, tools and equipment   1-5 years   Leasehold improvements   1-5 years   Income from investments in group entities   Dividend income from investments in group entities is recognised in the income statements at the amount   that concern the financial year.   Other operating income and expense   Other operating income and expense comprise items of a secondary nature to the main activities of the   company, including gains and losses on the sale of intangible assets and property, plant and equipment.   Financial income and expenses   Financial income and expenses are recognised in the income statements at the amounts that concern the   financial year. Net financials include interest income and expenses as well as allowances and surcharges   under the advance-payment-of-tax scheme, etc.   Tax   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 Company and its Danish group entities are jointly taxed. The Danish income tax charge is allocated   between profit making and loss making Danish entities in proportion to their taxable income.   The company is jointly taxed with Cisco Technology Denmark ApS.   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.   Balance sheet   Property, plant and equipment   Items of property, plant and equipment are measured at cost less accumulated depreciation and   impairment losses. Cost includes the acquisition price and costs directly related to the acquisition until the   time at which the asset is ready for use.   Investments in subsidiaries   Investments in subsidiaries and associates are measured at cost. Dividends received that exceed the   accumulated earnings in the subsidiary or the associate during the period of ownership are treated as a   reduction in the cost of acquisition.   Other securities and investments   Other securities and investments are measured at fair value if the other securities and investments are   listed. The fair value is made up at the market value at the balance sheet date. Unlisted other securities   and investments are measured at cost.   Prepayments   Prepayments recognised under "Assets" comprise prepaid expenses regarding subsequent financial   reporting years.   Cash and cash equivalents   Cash and cash equivalents comprise cash and short term securities which are readily convertible into   cash and subject only to minor risks of changes in value.   Equity   Dividend   Dividend proposed for the year is recognised as a liability at the date when they are adopted at the   annual general meeting (declaration date). Dividend expected to be distributed for the year is disclosed   as a separate item under equity.   Income taxes   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.   Trade payables   Trade payables are obligations to pay for goods or services that have been acquired in the ordinary   course of business from suppliers. Accounts payable are classified as current liabilities if payment is due   within one year or less (or in the normal operating cycle of the business if longer). If not, they are   presented as non-current liabilities.   costs   2024/25   2023/24   KDKK   211103000 217043000 18802000 430000 18850000 399000 KDKK Remuneration to executive management and board of directors:   Salary and bonuses   0 3.793   Pension   0 262   Other social security costs   0 4 Share-based incentive   0 6 0 4.065   2. Staff costs (continued)   Management and other employees are included in Cisco Systems Inc's share based compensation   program. Warrants are granted with a vesting period of 3 years. There are performance conditions in   connection with the program, all expenses are recognized in the income statement of the ultimate parent,   and not in Cisco Systems Denmark ApS.   Average number of full-time employees is calculated as full year average of physical employees at each   month end.   Remuneration to the Executive Board has not been disclosed in 2024/25 in accordance with section 98   B(3) of the Danish Financial Statements Act. As in prior period the directors received no remuneration in   respect of their services to the company as their services as directors to the company were incidental to   the other services within the Cisco group of companies (2023/2024: nil).   142 144 3. Depreciation of property, plant and equipment   2024/25   2023/24   KDKK   Amortisation, depreciation and impairment losses   Property, plant and equipment   277   329   277   329   8. Property, plant and equipment   KDKK   Fixtures and   fittings, plant   and   Leasehold   equipment improvements   Total   KDKK   KDKK   KDKK   Cost at 1 August 2024   16.429   19.045   35.474   Additions   186   0 186   Disposals   (135)   0 (135)   Cost at 31 July 2025   16.480   19.045   35.525   Depreciation and impairment losses at 1 August 2024   15.969   19.045   35.014   Depreciation   277   0 277   Disposals   (113)   0 (113)   Depreciation and impairment losses at 31 July 2025   16.133   19.045   35.178   Carrying amount at 31 July 2025   347   0 347   4. Income from investments in group entities   July 2025   July 2024   KDKK   Dividends from group entities   14.633   9.506   14.633   9.506   9. Other securities and investments   July 2024   KDKK   Cost at 1 August 2024   4.811   Costs at 31 July 2025   4.811   Value adjustments at 31 July 2025   0 Carrying amount at 2024/25   4.811   Minority investment of 1,37% in Cisco Systems (India) Private Limited.   10. Other receivables   July 2025   July 2024   KDKK   Cost at 1 August 2024   2.577   2.511   Additions (disposal)   51   66   Cost at 31 July 2025   2.628   2.577   income   July 2025   July 2024   KDKK   4774000 0 304000 439000 expenses   2024/25   2023/24   KDKK   0 -91000 -302000 -23000 -1984000 -12000 for the year   2024/25   2023/24   KDKK   6589000 26000 6066000 31000 941000 0 3196000 2078000 11. Deferred tax   The deferred tax assets are estimated to be utilized in the forthcoming 1-3 years.   Deferred tax assets are specified as follows:   July 2025   July 2024   KDKK   Tangible assets   183   209   Investments in group entities   (40)   (40)   143   169   12. Contractual obligations and contingencies, etc.   12.1 Other financial obligations  Other rent and lease liabilities:   July 2025   July 2024   KDKK   KDKK   Rent and lease liabilities   10.638   12.106   Rent and lease liabilities include the following:   - Interminable rent agreements totalling DKK 7.471 (2023/24: 7.615).   - Operating leases for cars, totalling DKK 3.167 (2023/24: 4.491).   12.2 Other contingent liabilities  The Danish group companies are jointly and severally liable for tax and the Group's jointly taxed income   and Danish withholding taxes on dividend, royalties and interest. The total tax liability appear in the   annual report of Cisco Systems Danmark ApS, which acts as the administrative company of the joint   taxation.   13. Collateral   The Company has not provided any security or other collateral in assets at 31 July 2025.   14 Related party transactions  July 2025   July 2024   KDKK   blank row   By business area   Technical sales support & marketing services & R&D   299.880   309.171   Payables to group companies   (757)   (11.121)   Accounts receivable   185.567   141.754   Intercompany interest (payable) / receivable   4.774   (302)   Total   489.464   439.502   Notes to the consolidated financial statements (continued)   Cisco Systems Inc. is the ultimate parent company controlling interest in the Company.   The address of Cisco Systems Inc. is:   170 West Tasman Drive   San Jose   California   USA   95134-1706   www.cisco.com.   The company is included in the Group Annual Report of the ultimate parent company:   Cisco Systems Inc.   Place of registered office:   170 West Tasman Drive   San Jose   California   USA   95134-1706   www.cisco.com.   The Group Annual Report of Cisco Systems Inc. may be obtained at the following address:   170 West Tasman Drive   San Jose   California   USA   95134-1706   www.cisco.com.   15. Events after the balance sheet date   No events materially affecting the Company's financial position have occurred subsequent to the financial   year end.   of profit   July 2025   July 2024   KDKK   Proposed profit appropriation   110000000 -76239000 0 28878000