Assets

Type	Time	Amount	Unit
ifrs-full:Assets	2022-09-30	7215000000	vDKK
ifrs-full:Assets	2021-09-30	5740000000	vDKK

Revenue

Type	Start date	End date	Amount	Unit
ifrs-full:Revenue	2021-10-01	2022-09-30	4444000000	vDKK
ifrs-full:Revenue	2020-10-01	2021-09-30	4013000000	vDKK

XML

See the xml submitted here:

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   <mrv:StatementOfCorporateSocialResponsibility contextRef="ctx1" id="fact1000" xml:lang="en">SUSTAINABILITY Our sustainability report constitutes Ambu’s compliance with the statutory disclosure on cor- porate social responsibility pursuant to section 99a and data ethics pursuant to section 99d of the of the Danish Financial Statements Act. For a broader view, find our 2021/22 Sustainability Report on Ambu.com/about/sustainability. Underpinning our financial performance and strategic progress is a desire to act responsibly and grow sustainably. Our targets and activities are directly linked to our contribution to the UN Sustainable Develop- ment Goals. Ambu produces medical devi- ces to promote good health and well-being, while growing sustainably for our people and our planet. * *Scope 3 emissions refer to the financial year 2020/21 Through our commitment to the Science Based Targets initiative, we increase our demand for renewable electricity. We continuously monitor and work to reduce our energy and water consumption, and also strive to up-cycle waste and minimise generated waste. We are commit- ted to promoting gender equality and women’s empowerment in the workplace. OUR FOUR ESG TARGETS CARBON EMISSIONS Ambu is working towards a 50% reduction of our scope 1 and 2 carbon emissions by 2025, compared to our 2019 baseline. During 2021/22, we established an inventory of our Scope 3 emissions, enabling us to convert our existing carbon emission target of a “50% reduction of carbon emissions in 2025, com- pared to 2018/19 baseline” to be in line with the guidance from SBTi. Our science-based targets will include the total of Ambu’s Scope 1, 2 and 3 emissions, and we aim to submit our targets to SBTi during the beginning of 2022/23.Ambu expects continued business growth over the coming years, and we must therefore decouple our carbon emissions from our growth and reduce both our absolute and relative emis- sions in the years to come. PACKAGING Ambu aims for 100% recyclable, reusable or compostable packaging applied by 2025. PVC-FREE PRODUCTS Ambu aims for 95% of new products released during and after 2025 to be PVC free. During 2021/22, we launched six new products, of which three products were PVC-free. FEMALE MANAGERS Ambu aims to have 40% of its management with direct reports to be female by 2023. The Executive Leadership Team currently com- prises 12 executives with global responsibilities as well as the heads of the sales regions, and of the 12 executives, five are currently female. While some parts of the organisation have already achieved the target of 40% female representation, we continue our work to increase gender diversity all throughout Ambu. SUSTAINABILITY &amp; ESG PERFORMANCE DATA TABLE See the Ambu sustainability &amp; ESG accounting practices for more information on data definitions and scope. PRODUCT GOVERNANCE INDICATORS TARGET 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 Product safety FDA warning letters (number) 0 0 0 - - - Recalls (number) 0-5 2 0 - - - Non-clinical trials and clinical trials Total number of biosafety and design 108 189 - - - validation studies Total number of animals used in trials with biosafety purpose initiated 210 168 - - - Completed clinical trials 2 2 - - - ENVIRONMENTAL TARGET INDICATORS 2024/25 2021/22 2020/21 2019/20 2018/19 2017/18 CO2 Scope 1 (metric tonnes CO2e) 5,364 4,329 957 944 845 Scope 2 – market based (metric tonnes CO2e) 13,996 17,637 - - - Scope 1 + 2 (metric tonnes CO2e) (market based) 9,043 19,360 21,966 - - - Scope 1 + 2 by tonne of manufactured products (metric tonnes CO2e /ton) (market 1.49 2.10 - - - based) Scope 1 + 2 by revenue (metric tonnes CO2e /DKKm) (market based) 4.36 5.47 - - - Scope 3 (metric tonnes CO2e) 419,783 - - - * As of 2021/22 tonne manufactured is based on tonne produced, not tonnes shipped. Energy Total energy consumption (GJ) 224,342 199,927 138,411 130,849 107,185 Renewable energy share (%) 17.2 2.8 0.13 0.05 - Renewable electricity share (%) 26.1 4.2 0.15 - - Water Total water consumption (m3) 125,549* 137,115 123,115 129,958 101,142 Waste Total waste (metric tonnes) 3,011* 2,429 2,276 1,661 1,226 Waste recycled (%) 41 40 41 57 70 Hazardous waste (%) 0.5 0.6 - - - * As of 2021/22, water consumption and waste generation from Ambu’s sales offices is estimated for the first time. The total water consumption and total waste generation 2021/22 can thus not be directly compared. SOCIAL INDICATORS TARGET 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 Diversity &amp; equality Gender – female/total (%) 45-55% 57 57 60 58 57 Gender – female white-collar managers/all white-collar managers (%) 40-45% 42 37 36 37 37 Gender – female managers/all managers (%) 40-45% 39 37 41 43 42 Gender – female executives/Executive Leadership Team (%) 40% 42 33 25 – – Employee attraction &amp; retention Employee turnover rate, white-collar employees (%) 9-12% 27 17 9 13 11 Employee turnover rate, all employees (%) 34 20* 15* 13 15 Voluntary turnover rate, all employees (%) 30 17* - - - Involuntary turnover rate, all employees (%) 4 3* - - - Employee health &amp; safety Sickness absence rate (%) 2.14 1.76 1.76 1.51 1.50 Fatalities (number) 0 0 0 0 0 Lost-time injury frequency (number of accidents with lost time per million hours Max. 2.0 0.93** 1.07 1.44 1.32 - worked) * Turnover rates for 2019/20 and 2020/21 have been restated, as we discovered errors in the FTE count used for the calculation. This has resulted in an increase in our total turnover rate the past two years (2019/20 14→15, 2020/21 18→20). As the error was in the turnover data for blue-collar employees, the turnover rate for white-collar employees has not changed. Previous years have not been restated. ** The LTIF in 2020/21 covers our three production sites in Xiamen (China), Penang (Malaysia) and Noblesville (USA), as well as HQ in Ballerup (Denmark), while the LTIF 2021/22 covers Ambu globally.</mrv:StatementOfCorporateSocialResponsibility>
   <mrv:CorporateGovernanceReport contextRef="ctx1" id="fact1312" xml:lang="en">GOVERNANCE AND COMPLIANCE INDICATORS TARGET 2022/23 2021/22 2020/21 2019/20 2018/19 2017/18 Corporate governance CEO pay ratio (times) 11 12 34 24 16 Board meeting attendance rate (%) 95 100 95 100 97 Business ethics &amp; compliance European employees trained in GDPR (%) 100 93.2 95 White-collar and indirect blue-collar employees 100 98.8 99.7 - - - trained in Code of Conduct (%) Number of reports through Whistleblower Hotline (number) 13 10 5 0 - …of which within scope (number) 12 10 3 0 - White-collar and indirect blue-collar employees trained in Cybersecurity (%) 100 99.0 - - - - CORPORATE GOVERNANCE Corporate governance refers to the principles governing the management of the company, based on the shareholders’ views on the ownership. Ambu seeks to establish close and trusting relations with relevant stakeholders, including shareholders, employees, customers, suppliers and society as a whole. We also seek to ensure transparency, and we want to openly share relevant information with our stake- holders. Ambu’s Board of Directors complies with all of Nasdaq Copenhagen’s recommendations con- cerning corporate governance and reports on compliance on our website. This reporting constitutes the statutory reporting on corporate governance pursuant to Section 107 b of the Danish Financial Statements Act (Årsregn- skabsloven). SHAREHOLDERS The shareholders own Ambu and exercise their right to make decisions at the Annual General Meeting, for example by adopting the Annual Report, deciding on amendments to the Articles of Association, electing members of the Board of Directors and appointing the company’s auditors. At the Annual General Meeting, share- holders are entitled to ask the Board of Direc- tors and the Executive Management questions and to propose items for consideration. All shareholders are entitled to attend and vote at the Annual General Meeting. The notice convening the annual general meeting is published at least three weeks, and at the most five weeks, before the date of the meeting. The notice can also be found on the Ambu website. Ambu’s Articles of Association do not impose any restrictions on ownership or voting rights, but the share capital is divided into Class A and Class B shares. Class A shares carry ten votes per share, while Class B shares carry one vote per share. The Class A shares are negotiable instruments, and according to Ambu’s Articles of Association, the transfer of more than 5% of the total number of Class A shares at a price higher than the price quoted for the company’s Class B shares may take place only if the buyer offers all holders of Class A and Class B shares to buy their shares at the same price. The Board of Directors regularly discusses the existing ownership structure with the holders of Class A shares. The Board of Directors and the holders of Class A shares agree that the owner- ship structure has been and remains expedient for all of the company’s stakeholders, as it lays a sound framework for the implementation of Ambu’s strategy and plans, thereby safe- guarding the interests of all shareholders. Moreover, the ownership structure does not restrict the planned activities in any way. Ambu has a two-tier management structure, consisting of the Board of Directors and the Executive Management. The two bodies are independent of each other, and there is no overlap in membership. On behalf of the shareholders, the Board of Directors is responsible for the overall management of Ambu, defining strategies and setting objectives as well as approving the overall budgets and plans. The Board of Directors also undertakes overall supervision of the company’s activities and ensures that Ambu is managed in a responsible manner and in compliance with legislation and the Articles of Association. The Board of Directors has established an annual process, whereby self-evaluation of the Board of Directors’ work and performance is assessed. At least every three years, the evaluation must be conducted by an experienced external facilitator. The self-evaluation in 2021/22 led to focus areas, which will be included in the work of the Board of Directors in 2022/23. COMPOSITION OF THE BOARD OF DIRECTORS The Board of Directors currently has five mem- bers, who are elected by the shareholders at the Annual General Meeting, and three members elected by the employees, pursuant to the Danish rules concerning employee represen- tation. The shareholder-elected members are elected for one year at a time, while the em- ployee-elected members are elected for four years at a time. The Chairman and the Vice-Chairman of the Board of Directors are elected directly by the shareholders at the general meeting. For the Board of Directors to undertake its respon- sibilities and act as a good sounding board for the Executive Management, the following competences are particularly relevant: − Insights into the management of a global growth company −Insights into the medico and medtech indu-stries with both public and private-sector customers −Experience from innovation and also experi-ence from the acquisition and divestment of assets and technologies −Insights into risk management and financialaffairs The members of Ambu’s Board of Directors are deemed to possess these competences. None of the members elected by the share- holders represent a controlling shareholder or have direct or indirect interests in the company over and above their interests as shareholders. All members elected by the shareholders at the Annual General Meeting are considered to be independent members, as defined by the Committee on Corporate Governance. DUTIES OF THE BOARD OF DIRECTORS The Board of Directors held 13 meetings during the 2021/22 financial year. At the Annual General Meeting in December 2021, Susanne Larsson and Michael Del Prado joined the Board of Directors, while three employee-elected Board members were replaced. In May 2022, Britt Meelby Jensen stepped down in connection with her appointment as CEO. Position Board meetings Jørgen Jensen Chairman Christian Sagild Vice Chairman Michael Worning Former member Britt Meelby Jensen Former member Henrik Ehlers Wulff Member Susanne Larsson Member Michael Del Prado Member Jesper Bartroff Frederiksen Member Charlotte Elgaard Bjørnhof Member Thomas Bachgaard Jensen Member Thomas Lykke Henriksen Former member Jakob Bønnelykke Kristensen Former member Jakob Koch Former member Attended the meeting Did not attend the meeting Not a board member at the time To ensure a dedicated and in-depth work on specific areas, the Board of Directors has established several committees that report to the Board of Directors. The Chairmanship consists of the Chairman and the Vice- Chairman of the Board of Directors. The Chairmanship performs certain preparation and planning in relation to Board meetings and is a forum for the Chairman’s and manage- ment’s reflections. The Chairmanship held seven meetings during the 2021/22 financial year. The Audit Committee con- sists of two members of the Board of Directors, with the Chairman participating as an observer. In addition, the CEO, the CFO, the VP of Finance &amp; Accounting and the auditor appointed at the Annual General Meeting attend the Audit Committee meetings. The Audit Committee held four meetings during the 2021/22 financial year. Position Meetings Susanne Larsson Chairman Christian Sagild Member Mikael Worning Former member Henrik Ehlers Former member Wulff The purpose of the Audit Committee is to assist the Board of Directors in ensuring the quality and integrity of the presentation of the compa- ny’s financial statements, reporting and auditing. The Charter of the Audit Committee and the review of the control and risk management systems in connection with the financial reporting can be found at Ambu.com/auditcom. TheRemuneration Com-mitteeconsists of threemembers of the Board of Directors. In addition, the CEO and the CFO attend the meetings. The Remuneration Committee held three meet- ings during the 2021/22 financial year. Position Jørgen Jensen Chairman Britt Meelby Jensen Former member Henrik Ehlers Wulff Member Susanne Larsson Member Meetings The duties of the Remuneration Committee are to ensure that the remuneration offered by Ambu is competitive and sufficient to attract and retain the best qualified directors and execu- tives. The Charter of the Remuneration Com- mittee can be found at Ambu.com/remcom. The Innovation Committee was established in 2022 and consists of three members of the Board of Directors. In addition, the CEO, the Chief Marketing Officer &amp; President of APAC and the Chief Inno- vation Officer attend the Innovation Committee meetings. The Innovation Committee held three meetings during the 2021/22 financial year. Position Michael Del Prado Chairman Jørgen Jensen Member Henrik Ehlers WulffMemberMeetings The purpose of the Innovation Committee is to oversee and make recommendations for the innovation strategy and execution of strategy and consider external innovation opportunities. The Charter of the Innovation Committee can be found at Ambu.com/innovationcom. The Nomination Committee consists of three members of the Board of Directors. The Nomination Committee held two meetings during the 2021/22 financial year. Late in the year, Michael del Prado joined the Committee, after Britt Meelby Jensen was appointed CEO and left the Board. Ambu’s CEO occasionally attends the meetings of the Nomination Committee. Position Meetings Jørgen Jensen Chairman Christian Sagild Member Britt Meelby Jensen Former member Michael Del Prado Member The Nomination Committee is charged with evaluating the composition of the Executive Management Team and with evaluating, and possibly renewing, the Board of Directors to ensure that the members of the Board meet the requirements and possess the skills required. The Charter of the Nomination Committee can be found at Ambu.com/nomcom. The Board of Directors appoints the Executive Management and lays down its terms of employment. The Executive Management is responsible for Ambu’s day-to-day manage- ment, including the development of Ambu’s activities and operations and its risk manage- ment, financial reporting and internal affairs. The Executive Management also prepares and presents the company’s strategy, long-term financial planning and budgets to the Board of Directors. The delegation of powers and responsibilities by the Board of Directors to the Executive Management is described in the Rules of Procedure for Ambu’s Board of Directors (Bestyrelsens Forretningsorden) and the provisions of the Danish Companies Act (Selskabsloven). The Executive Management consists of CEO Britt Meelby Jensen and CFO Thomas Frederik Schmidt. CORPORATE GOVERNANCE The Board of Directors has considered the Recommendations from the Committee on Corporate Governance from 2 December 2020 (found at Corporategovernance.dk), and has reported hereon in a document available at Ambu.com/corpgov. Ambu complies with all of the recommen- dations of the Committee on Corporate Governance.</mrv:CorporateGovernanceReport>
   <mrv:StatementOfPolicyForDataEthics contextRef="ctx1" id="fact1663" xml:lang="en">DATA ETHICS A data ethics policy was developed in 2021. It is Ambu’s policy to maintain the highest ethical standards and comply with all appli- cable data and privacy laws and regulations. Our work with data ethics is governed by the data ethics policy, as well as internal policies and standard operating procedures. Please refer to the Sustainability Report, or go to Ambu.com/dataethics for more infor- mation on our data ethics policy prepared in accordance with the Danish Financial state- ments Act, section 99d.</mrv:StatementOfPolicyForDataEthics>
   <mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="ctx1" id="fact1676" xml:lang="en">GENDER DIVERSITY AND BOARD ATTENDANCE Report on the gender composition of the Board of Directors (members elected at the Annual General Meeting), pursuant to Section 99 b, and on diversity pursuant to Section 107d of the Danish Financial Statements Act. Ambu wants the Board of Directors and Execu- tive Management to be representative across genders, nationalities, ages, education, quali- fications, competencies and, thereby, perspec- tives. The members should, as a group, have sufficient knowledge, insight and professional experience to understand Ambu's activities and the risks related hereto. After the Annual General Meeting in December 2021, the Board of Directors had two female members, until Britt Meelby Jensen became CEO of Ambu and resigned from the Board. Our ambition is to have two female members, corre- sponding to equal gender representation within a Board of Directors with six members. At the upcoming Annual General Meeting 2022, the Board of Directors proposes two new members, a female and a male. The proposed members are Shacey Petrovic, former President and CEO at Insulet Corporation, and Simon Hesse Hoffmann, professional board member and investor and third generation of the family behind Ambu. Having two female members still corresponds to equal gender representation within a board of Directors with seven members. Diversity within the Board of Directors Minimum and Executive Management target 2021/22 2020/21 Number of genders 2 2 2 Number of nationalities 2 3 2 Number of age intervals (40-49, 50-59, 60-69) 2 3 3 Target Board governance 2021/222020/212019/202018/192017/182022/23 28.6- Gender diversity (female members of the Board of Directors, %) 20 20 16.7 0 0 71.4 CEO pay ratio (times) - 11 12 34 24 16 Board meeting attendance rate (%) - 94.2 100 95.5 100 97.2 Target Diversity &amp; equality 2021/222020/212019/202018/192017/182022/23 Gender – female white-collar managers / all white-collar managers (%) 40-45 42 37 36 37 37 Gender – female managers / all managers (%) 40-45 39 37 41 43 42 Gender – female executives / Executive Leadership Team (%) 40 42 33 25 - - Gender diversity (%) is calculated among white-collar managers, all managers in Ambu, within the Executive Leadership Team and the Board of Directors (BoD). Gender diversity within management includes leaders on a managerial job level and with direct reports. BoD attendance rate and gender diversity of BoD only include members of the BoD elected by the Annual General Meeting (AGM) and does not include employee-elected members. Gender denotation currently available from</mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
   <mrv:StatementOfTheDiversityPolicies contextRef="ctx1" id="fact1788" xml:lang="en">To ensure equal opportunities for all genders at Ambu, we continue to train and develop our people leaders in diversity and inclusion via recruitment-, leadership- and values training. Ambu gives particular focus to gender diversity, with our target of each gender being represen- ted by at least 40% in management by 2022/23. Among all managers and in the Executive Leadership Team, 42% are female managers. Among white-collar managers, 39% are female. We continue our work to increase gender diversity to reach our target and to maintain an equal gender representation in management. For a full report on Ambu’s corporate gover- nance, including the Inclusion and Diversity Policy and the Board of Directors’ views on recommendations from the Committee on Cor- porate Governance, please go to Ambu.com.</mrv:StatementOfTheDiversityPolicies>
   <sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx1" id="fact1806" xml:lang="en">MANAGEMENT STATEMENT The Board of Directors and the Executive Management have today considered and approved the Annual Report of Ambu A/S for the financial year from 1 October 2021 to 30 September 2022. The Annual Report has been prepared in accordance with the International Financial Reporting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act. In our opinion, the consolidated financial statements and the financial statements give a true and fair view of the Group’s and the company’s assets, equity and liabilities and financial position at 30 September 2022, and of the results of the Group’s and the company’s operations and cash flows for the financial year from 1 October 2021 to 30 September 2022. In our opinion, the management’s review gives a fair account of the development and performance of the Group and the company, the results for the year and the Group’s and the company’s financial position, together with a description of the principal risks and uncertainties faced by the Group and the company. In our opinion, the Annual Report of Ambu A/S for the financial year 1 October 2021 to 30 September 2022 identified as AMBU-2022-09-30-en.zip has been prepared, in all material respects, in compliance with the ESEF Regulation. The Annual Report is submitted for adoption by the Annual General Meeting.</sob:StatementByExecutiveAndSupervisoryBoards>
   <sob:PlaceOfSignatureOfStatement contextRef="ctx1" id="fact1822" xml:lang="en">Copenhagen</sob:PlaceOfSignatureOfStatement>
   <sob:DateOfApprovalOfAnnualReport contextRef="ctx1" id="fact1823">2022-11-15</sob:DateOfApprovalOfAnnualReport>
   <cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx32" id="fact2500" xml:lang="en">BRITT MEELBY JENSEN</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
   <cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx33" id="fact2502" xml:lang="en">THOMAS FREDERIK SCHMIDT</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
   <cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx32" id="fact2501" xml:lang="en">Chief Executive Officer</cmn:TitleOfMemberOfExecutiveBoard>
   <cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx33" id="fact2503" xml:lang="en">Chief Financial Officer</cmn:TitleOfMemberOfExecutiveBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx34" id="fact2504" xml:lang="en">JØRGEN JENSEN</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx37" id="fact2510" xml:lang="en">CHRISTIAN SAGILD</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx34" id="fact2505" xml:lang="en">Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx38" id="fact2511" xml:lang="en">Vice</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx38" id="fact2512" xml:lang="en">Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx35" id="fact2506" xml:lang="en">HENRIK EHLERS WULFF</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx39" id="fact2513" xml:lang="en">SUSANNE LARSSON</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx41" id="fact2517" xml:lang="en">MICHAEL DEL PRADO</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx36" id="fact2507" xml:lang="en">CHARLOTTE ELGAARD BJØRNHOFF</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx40" id="fact2514" xml:lang="en">THOMAS BACHGAARD JENSEN</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx42" id="fact2518" xml:lang="en">JESPER MADS BARTROFF FREDERIKSEN</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx36" id="fact2509" xml:lang="en">Employee-elected</cmn:TitleOfMemberOfSupervisoryBoard>
   <cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx40" id="fact2516" xml:lang="en">Employee-elected</cmn:TitleOfMemberOfSupervisoryBoard>
   <cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx42" id="fact2520" xml:lang="en">Employee-elected</cmn:TitleOfMemberOfSupervisoryBoard>
   <arr:IndependentAuditorsReportsAudit contextRef="ctx1" id="fact1824" xml:lang="en">INDEPENDENT AUDITOR’S REPORT</arr:IndependentAuditorsReportsAudit>
   <arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" id="fact1825" xml:lang="en">To the shareholders of Ambu A/S</arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
   <arr:OpinionOnAuditedFinancialStatements contextRef="ctx1" id="fact1826" xml:lang="en">OPINION We have audited the consolidated financial statements and the parent company financial statements of Ambu A/S for the financial year 1 October 2021 – 30 September 2022, pages 80- 121 and pages 129-142, which comprise income statement, statement of comprehensive income, balance sheet, statement of changes in equity, cash flow statement and notes, inclu- ding accounting policies, for the group and the parent company. The consolidated financial statements and the parent company financial statements are prepared in accordance with International Financial Reporting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act. In our opinion, the consolidated financial state- ments and the parent company financial state- ments give a true and fair view of the financial position of the group and the parent company at 30 September 2022 and of the results of the group's and the parent company's operations and cash flows for the financial year 1 October 2021 – 30 September 2022 in accordance with International Financial Reporting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act. Our opinion is consistent with our long-form audit report to the Audit Committee and the Board of Directors.</arr:OpinionOnAuditedFinancialStatements>
   <arr:KeyAuditMattersAudit contextRef="ctx1" id="fact1891" xml:lang="en">KEY AUDIT MATTERS Key audit matters are those matters that, in our professional judgement, were of most signi- ficance in our audit of the financial statements for the financial year 2021/2022. These matters were addressed during our audit of the financial statements as a whole and in forming our opinion thereon. We do not provide a separate opinion on these matters. For each matter be- low, our description of how our audit addressed the matter is provided in that context. We have fulfilled our responsibilities described in the "Auditor's responsibilities for the audit of the financial statements" section, including in relation to the key audit matters below. Accor- dingly, our audit included the design and performance of procedures to respond to our assessment of the risks of material misstate- ment of the financial statements. The results of our audit procedures, including the procedures performed to address the matters below, provide the basis for our audit opinion on the financial statements. Recognition of revenue in the USA due to price adjustment structure In the US market, a significant portion of Ambu’s sales flow through dealers (third-party warehouses) who sell the products to public and private hospitals and clinics (the end- customers). Ambu’s sales price to the dealer depends on the pricing arrangement Ambu has agreed with the end-customer. As Ambu’s sales to end-customers deviate in amounts and timing from the amounts invoiced to the dealer, Ambu subsequently adjusts the price stated in the preliminary invoice. Price adjustments are recognized on an ongoing basis, and price adjustments which have not been settled at the balance sheet date are recognized as a reduction in trade receivables in the balance sheet. We focus on this area, as the assessment of non-settled price adjustments to dealers is complex and includes management estimates and judgements. Reference is made to note 2.2 Revenue to the consolidated financial statements. How our audit addressed the key audit matter We have identified, tested and assessed key internal controls and related systems which are used to process and calculate price adjust- ments for dealers. We assessed and reviewed management’s calculation of price adjustments by comparing the assumptions applied with the group’s tra- ding policies, the terms of existing contracts, third-party reported data and historical price adjustment levels. We further made an assessment of the most significant parameters included in the calcula- tion of the non-settled price adjustments as per 30 September 2022 based on historical data, accounting records and the terms of existing contracts. Valuation of acquired technologies, etc. Following prior years’ acquisitions including the acquisition of Invendo Medical GmbH in October 2017, the group has recognized acquired technologies, trademarks and customer relations and acquired technologies in progress totalling DKK 693 million as per 30 September 2022. The value of acquired intangible assets was initially determined in connection with the purchase price allocation. Subsequent, addi- tional internally generated development costs associated to the acquired technologies have been capitalized. In case of indications of impairment, an impairment test is prepared, based on management’s estimates of the future value based on an assessment of future cash flows on the basis of strategic plans, long-term growth and discount rate. Due to the inherent uncertainty involved in determining the net present value of future cash flows, we considered these impairment tests to be a key audit matter. Reference is made to note 3.2 Other intangible assets to the consolidated financial statements. How our audit addressed the key audit matter Our audit procedures included testing the mathematical accuracy of the discounted cash flow model and comparing forecasted profita- bility to internally approved budgets. We evaluated the assumptions and methodo- logies used in the discounted cash flow model, in particular those relating to the forecast revenue growth and EBIT margin, including comparing with historical growth rates. Further, we evaluated the sensitivity analysis on the assumptions applied in the valuations prepared by management.</arr:KeyAuditMattersAudit>
   <arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx1" id="fact1856" xml:lang="en">BASIS FOR OPINION We conducted our audit in accordance with International Standards on Auditing (ISAs) and 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 consolidated financial statements and the parent company financial statements" (herein- after collectively referred to as "the financial statements") section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. INDEPENDENCE We are independent of the group and parent company in accordance with the International Ethics Standards Board for Accountants' Inter- national Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical respon- sibilities in accordance with these requirements and the IESBA Code. To the best of our knowledge, we have not provided any prohibited non-audit services as described in article 5(1) of Regulation (EU) no. 537/2014. APPOINTMENT OF AUDITOR We were initially appointed as auditor of Ambu A/S on 13 December 2017 for the financial year 2017/18. We have been reappointed annually by resolution of the general meeting for a total consecutive period of five years up until the financial year 2021/2022.</arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
   <arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" id="fact1993" xml:lang="en">STATEMENT ON THE MANAGEMENT’S REVIEW Management is responsible for the Manage- ment'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 con- clude that the Management's review is in accor- dance with the financial statements and has been prepared in accordance with the require- ments of the Danish Financial Statements Act. We did not identify any material misstatement of the Management's review.</arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
   <arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx1" id="fact2020" xml:lang="en">MANAGEMENT’S RESPONSIBILITIES FOR THE FINANCIAL STATEMENTS Management is responsible for the preparation of consolidated financial statements and parent company financial statements that give a true and fair view in accordance with International Financial Reporting Standards as adopted by the EU and additional requirements of the Danish Financial Statements Act and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material mis- statement, whether due to fraud or error. In preparing the financial statements, Manage- ment is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.</arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
   <arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx1" id="fact2043" xml:lang="en">AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assu- rance 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 assu- rance, but is not a guarantee that an audit con- ducted in accordance with ISAs and 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 the financial statements. As part of an audit conducted in accordance with ISAs and additional requirements appli- cable in Denmark, we exercise professional judgement and maintain professional scepti- cism 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, inten- tional 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 cir- cumstances, but not for the purpose of expressing an opinion on the effectiveness of the group's and the parent 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 Mana- gement's use of the going concern basis of accounting in preparing the financial state- ments and, based on the audit evidence ob- tained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the group's and the parent company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the group and the parent company to cease to continue as a going concern. − Evaluate the overall presentation, structure and contents of the financial statements, including the note disclosures, and whether the financial statements represent the under- lying transactions and events in a manner that gives a true and fair view. − Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely respon- sible for our audit opinion. We communicate with those charged with go- vernance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any signi- ficant deficiencies in internal control that we identify during our audit. We also provide those charged with gover- nance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our indepen- dence, and where applicable, actions taken to eliminate threats or safeguards applied. From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements and the parent company financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation pre- cludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be commu- nicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.</arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
   <arr:AuditorsReportOnXbrlTagging contextRef="ctx1" id="fact2152" xml:lang="en">REPORT ON COMPLIANCE WITH THE ESEF REGULATION As part of our audit of the financial statements of Ambu A/S we performed procedures to express an opinion on whether the annual report for the financial year 1 October 2021 – 30 September 2022 with the file name AMBU- 2022-09-30-en.zip is prepared, in all material respects, in compliance with the Commission Delegated Regulation (EU) 2019/815 on the European Single Electronic Format (ESEF Regulation) which includes requirements related to the preparation of the annual report in XHTML format and iXBRL tagging of the consolidated financial statements. Management is responsible for preparing an annual report that complies with the ESEF Regulation. This responsibility includes: − The preparing of the annual report in XHTML format; − The selection and application of appropriate iXBRL tags, including extensions to the ESEF taxonomy and the anchoring thereof to elements in the taxonomy, for financial information required to be tagged using judgement where necessary; − Ensuring consistency between iXBRL tagged data and the consolidated financial state- ments presented in human readable format; and − For such internal control as management determines necessary to enable the pre- paration of an annual report that is compliant with the ESEF Regulation. Our responsibility is to obtain reasonable assu- rance on whether the annual report is prepared, in all material respects, in compliance with the ESEF Regulation based on the evidence we have obtained, and to issue a report that inclu- des our opinion. The nature, timing and extent of procedures selected depend on the auditor’s judgement, including the assessment of the risks of material departures from the require- ments set out in the ESEF Regulation, whether due to fraud or error. The procedures include: − Testing whether the annual report is prepared in XHTML format; − Obtaining an understanding of the com- pany’s iXBRL tagging process and of inter- nal control over the tagging process; − Evaluating the completeness of the iXBRL tagging of the consolidated financial state- ments; − Evaluating the appropriateness of the com- pany’s use of iXBRL elements selected from the ESEF taxonomy and the creation of extension elements where no suitable element in the ESEF taxonomy has been identified; − Evaluating the use of anchoring of extension elements to elements in the ESEF taxonomy; and − Reconciling the iXBRL tagged data with the audited Consolidated Financial Statements. In our opinion, the annual report for the financial year 1 October 2021 – 30 September 2022 with the file name AMBU-2022-09-30-en.zip is prepared, in all material respects, in compliance with the ESEF Regulation.</arr:AuditorsReportOnXbrlTagging>
   <arr:SignatureOfAuditorsPlace contextRef="ctx1" id="fact2228" xml:lang="en">Copenhagen</arr:SignatureOfAuditorsPlace>
   <arr:SignatureOfAuditorsDate contextRef="ctx1" id="fact2229">2022-11-15</arr:SignatureOfAuditorsDate>
   <cmn:NameAndSurnameOfAuditor contextRef="ctx43" id="fact2523" xml:lang="en">SØREN SKOV LARSEN</cmn:NameAndSurnameOfAuditor>
   <cmn:DescriptionOfAuditor contextRef="ctx43" id="fact2524" xml:lang="en">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
   <cmn:IdentificationNumberOfAuditor contextRef="ctx43" id="fact2526" xml:lang="en">mne26797</cmn:IdentificationNumberOfAuditor>
   <cmn:NameAndSurnameOfAuditor contextRef="ctx44" id="fact2527" xml:lang="en">HENRIK PEDERSEN</cmn:NameAndSurnameOfAuditor>
   <cmn:DescriptionOfAuditor contextRef="ctx44" id="fact2528" xml:lang="en">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
   <cmn:IdentificationNumberOfAuditor contextRef="ctx44" id="fact2530" xml:lang="en">mne35456</cmn:IdentificationNumberOfAuditor>
   <cmn:NameOfAuditFirm contextRef="ctx43" id="fact2521" xml:lang="en">EY Godkendt Revisionspartnerselskab</cmn:NameOfAuditFirm>
   <cmn:NameOfAuditFirm contextRef="ctx44" id="fact2532" xml:lang="en">EY Godkendt Revisionspartnerselskab</cmn:NameOfAuditFirm>
</xbrli:xbrl>