Assets
| Type | Time | Amount | Unit |
|---|
Revenue
| Type | Start date | End date | Amount | Unit |
|---|
XML
See the xml submitted here:
XML: INVALID
Separator
The full data:
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<mrv:CorporateGovernanceReport contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Shareholder information and corporate Governance</td></tr><tr><td colspan="1">Shareholder information</td></tr><tr><td colspan="1">Statutory Statement on Corporate Governance under section 107b of</td></tr><tr><td colspan="1">the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Company Management believes that corporate governance is a key</td></tr><tr><td colspan="1">element and currently seeks to improve the Companyâs management</td></tr><tr><td colspan="1">structure. The overall framework for the Management of RIAS A/S</td></tr><tr><td colspan="1">has been planned with a view to ensuring that the Company meets its</td></tr><tr><td colspan="1">obligations towards shareholders, customers, employees, authorities</td></tr><tr><td colspan="1">and other stakeholders in the best possible way and that long-term</td></tr><tr><td colspan="1">value creation is supported.</td></tr><tr><td colspan="1">The Board of Directors of RIAS A/S currently works on ensuring that</td></tr><tr><td colspan="1">the Company complies with the policies and procedures laid down</td></tr><tr><td colspan="1">by the Committee of Corporate Governance which NASDAQ Copenhagen</td></tr><tr><td colspan="1">requires be applied. The Board of Directors discusses how the</td></tr><tr><td colspan="1">Companyâs corporate governance in practice at any time ensures that</td></tr><tr><td colspan="1">the management of RIAS A/S meets the highest standard and that</td></tr><tr><td colspan="1">the work of the Board of Directors supports the Companyâs future</td></tr><tr><td colspan="1">business potential.</td></tr><tr><td colspan="1">Openness is a key factor.</td></tr><tr><td colspan="1">The Board of Directors has chosen to publish the Statutory Statement</td></tr><tr><td colspan="1">on Corporate Governance under section 107b of the Danish Financial</td></tr><tr><td colspan="1">Statements Act on the Companyâs website.</td></tr><tr><td colspan="1">Links to the account on good corporate governance</td></tr><tr><td colspan="1">Applicable account (2023)</td></tr><tr><td colspan="1">https:// www.riasnordic.com/investor-relations/2023.</td></tr><tr><td colspan="1">The Committee for Good Corporate Governance</td></tr><tr><td colspan="1">Link to recommendations</td></tr><tr><td colspan="1">https:// corporategovernance.dk/sites/default/files/2023-08/Danish-recommendations-corporate-governance-02122020.pdf</td></tr><tr><td colspan="1">The Board of Directors overall approach towards NASDAQ Copenhagenâs</td></tr><tr><td colspan="1">recommendations for good corporate governance are found on</td></tr><tr><td colspan="1">RIAS A/Sâ website. This statutory account of corporate governance</td></tr><tr><td colspan="1">covers the accounting period from 1 October 2022 to 30 September</td></tr><tr><td colspan="1">2023 and is part of the managementâs report. The statutory account</td></tr><tr><td colspan="1">is not covered by the declaration from the independent auditor.</td></tr><tr><td colspan="1">RIAS A/S has in this connection chosen to compare the companyâs</td></tr><tr><td colspan="1">account of good corporate governance with the Committeeâs recommendations</td></tr><tr><td colspan="1">of December 2020. This creates the best possible overview</td></tr><tr><td colspan="1">of which recommendations RIAS A/S has chosen to follow completely</td></tr><tr><td colspan="1">and which recommendations the company has chosen not to</td></tr><tr><td colspan="1">pursue or which are still being worked on.</td></tr><tr><td colspan="1">For a more detailed account</td></tr><tr><td colspan="1">https: //www .riasnordic.com/Admin/Public/DWSDownload.aspx?-File=%2fFiles%2fFiler%2frias%2finvestor-relations%2fRemuneration-policy2022-UK.pdf.</td></tr><tr><td colspan="1">Tasks and responsibilities of the Board of Directors</td></tr><tr><td colspan="1">The work done by the Board of Directors is specified in the rules of</td></tr><tr><td colspan="1">procedure which are evaluated at least once per year. RIAS A/S complies</td></tr><tr><td colspan="1">with the recommendation regarding members and the rules</td></tr><tr><td colspan="1">of procedure being adjusted to the companyâs needs. The Board of</td></tr><tr><td colspan="1">Directors meets four times per year or more as needed. This process</td></tr><tr><td colspan="1">ensures that the management can react quickly and effectively to</td></tr><tr><td colspan="1">external conditions. Five meetings were held in the 2022/23 financial</td></tr><tr><td colspan="1">year, including the companyâs ordinary annual general meeting</td></tr><tr><td colspan="1">in January 2023.</td></tr><tr><td colspan="1">Composition of the Board of Directors</td></tr><tr><td colspan="1">The Board of Directors consists of six members, of which two are</td></tr><tr><td colspan="1">elected by the companyâs employees. The board members elected by</td></tr><tr><td colspan="1">the annual general meeting are elected for a one-year term at a time.</td></tr><tr><td colspan="1">The Board of Directors has evaluated the personal capacity of each</td></tr><tr><td colspan="1">individual board member and finds that they are managing their</td></tr><tr><td colspan="1">tasks in the board of RIAS A/S in a sound manner. None of the board</td></tr><tr><td colspan="1">members elected by the annual general meeting are independent as</td></tr><tr><td colspan="1">defined in the recommendations, as the board members are elected</td></tr><tr><td colspan="1">based on the companyâs ownership structure.</td></tr><tr><td colspan="1">Executive Board</td></tr><tr><td colspan="1">The Executive Board is appointed by the Board of Directors, which</td></tr><tr><td colspan="1">specifies the Executive Boardâs terms of employment. The Executive</td></tr><tr><td colspan="1">Board is responsible for the day-to-day operations of RIAS A/S, including</td></tr><tr><td colspan="1">RIAS A/Sâ activity-related and operational development, its</td></tr><tr><td colspan="1">results and its internal affairs. The Board of Directorsâ delegation of</td></tr><tr><td colspan="1">responsibility to the Executive Board is specified in the companyâs</td></tr><tr><td colspan="1">rules of procedure and the Danish Companies Act. RIAS A/Sâ Executive</td></tr><tr><td colspan="1">Board consists of two persons.</td></tr><tr><td colspan="1">Remuneration for the Board of Directors and Executive Board</td></tr><tr><td colspan="1">The Board of Directors has adopted a very simple remuneration policy</td></tr><tr><td colspan="1">for both the Board of Directors and the Executive Board. The remuneration</td></tr><tr><td colspan="1">policy for the Board of Directors does not contain any incentive-</td></tr><tr><td colspan="1">based remuneration or other variable components.</td></tr><tr><td colspan="1">The Board of Directors for RIAS A/S is not covered by any bonus</td></tr><tr><td colspan="1">or option schemes. The total annual remuneration for the Board of</td></tr><tr><td colspan="1">Directors is approved by the annual general meeting in connection</td></tr><tr><td colspan="1">with the approval of the annual report.</td></tr><tr><td colspan="1">In 2022/23, the remuneration for the Executive Board consisted of a</td></tr><tr><td colspan="1">base salary plus usual fringe benefits such as a car and phone plus</td></tr><tr><td colspan="1">an annual bonus, and this is described in the remuneration report.</td></tr><tr><td colspan="1">The Executive Boardâs terms of employment, including remuneration</td></tr><tr><td colspan="1">and terms for dismissal/resignation are assessed as being in accordance</td></tr><tr><td colspan="1">with normal practices for positions of this nature.</td></tr><tr><td colspan="1">Link to remuneration policy and remuneration report</td></tr><tr><td colspan="1">https: // www . riasnordic.com/Admin/Public/DWSDownload.aspx?-File=%2fFiles%2fFiler%2frias%2finvestor-relations%2fRemuneration-policy2022-UK.pdf</td></tr><tr><td colspan="1">Audit committee</td></tr><tr><td colspan="1">The Board of Directors of RIAS A/S also serve as the audit committee.</td></tr><tr><td colspan="1">The audit committeeâs overall objective is to minimize the risk of significant</td></tr><tr><td colspan="1">errors in the financial reporting - both internally and externally.</td></tr><tr><td colspan="1">In practice, this takes place by analyzing the internal control environment,</td></tr><tr><td colspan="1">financial reporting, accountancy, the applied accounting practices</td></tr><tr><td colspan="1">and the submission of interim and annual reports in general.</td></tr><tr><td colspan="1">The audit committee focuses on a continuing development of the control</td></tr><tr><td colspan="1">environment and a continual assessment of the business processes</td></tr><tr><td colspan="1">and financial and accounting-related matters that have a significant</td></tr><tr><td colspan="1">impact on the accounting information.</td></tr><tr><td colspan="1">The external auditor can also be summoned to the audit committeeâs</td></tr><tr><td colspan="1">meetings. Four meetings were held in 2022/23 and the external auditor</td></tr><tr><td colspan="1">participated in one without the presence of the management.</td></tr></table></mrv:CorporateGovernanceReport>
<mrv:StatementOfCorporateSocialResponsibility contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="6">ESG for 2022/23</td></tr><tr><td colspan="6">Besides informing our stakeholders of our ESG work, this report also</td></tr><tr><td colspan="6">serves as our statutory CSR report pursuant to Sections 99(a) and</td></tr><tr><td colspan="6">99(b) in the Danish Financial Statements Act.</td></tr><tr><td colspan="6">At RIAS, we have always strived to act responsible and to create value</td></tr><tr><td colspan="6">in a decent and credible manner. It is deeply embedded in our DNA</td></tr><tr><td colspan="6">and it has been a fundamental factor in the companyâs development</td></tr><tr><td colspan="6">- also long before governance, the UNâs Sustainable Development</td></tr><tr><td colspan="6">Goals and the climate debate were put near the top of the agenda.</td></tr><tr><td colspan="6">See âMissionâ page 11.</td></tr><tr><td colspan="6">Over the last many years, we have continually worked towards reducing</td></tr><tr><td colspan="6">our energy consumption, we have improved employee working</td></tr><tr><td colspan="6">conditions and we have had a good and responsible management</td></tr><tr><td colspan="6">culture. Shared responsibility and initiatives in, among other things,</td></tr><tr><td colspan="6">climate and environmental impacts, employee conditions and governance</td></tr><tr><td colspan="6">issues are continuing at full capacity, and this is an important</td></tr><tr><td colspan="6">part of the everyday lives of our managers and employees who</td></tr><tr><td colspan="6">are all assuming a great deal of responsibility.</td></tr><tr><td colspan="6">At RIAS, we make a commitment to behaving decently and credibly.</td></tr><tr><td colspan="6">We believe that results are made through people who responsibly</td></tr><tr><td colspan="6">contribute to ensuring our common future, and we have always</td></tr><tr><td colspan="6">prioritised doing things the right way.</td></tr><tr><td colspan="6">At RIAS, we believe that a companyâs activities have a critical impact</td></tr><tr><td colspan="6">on the development of a sustainable society. We aim to proactively</td></tr><tr><td colspan="6">improve the environmental, social and governance conditions, particularly</td></tr><tr><td colspan="6">in the areas that are naturally associated with our business.</td></tr><tr><td colspan="6">Our values, together with the UNâs Global Compact principles, form</td></tr><tr><td colspan="6">the basis for our approach to ESG and is a testimony to the fact that</td></tr><tr><td colspan="6">ESG has always been an integral part of RIAS for the purpose of creating</td></tr><tr><td colspan="6">real value for society as a whole via the companyâs ESG work.</td></tr><tr><td colspan="6">ESG strategy in accordance with the UNâs Sustainable Development</td></tr><tr><td colspan="6">Goals (SDGs)</td></tr><tr><td colspan="6">The UNâs SDGs reflect a desire to create a better The 17 SDGs</td></tr><tr><td colspan="6">are the cornerstone of the UNâs âAgenda 2030â and specify the direction</td></tr><tr><td colspan="6">of the work.</td></tr><tr><td colspan="6">RIAS has a particular focus on the SDGs that are most relevant to our</td></tr><tr><td colspan="6">stakeholders and our business, as this is where we believe we can</td></tr><tr><td colspan="6">make the biggest difference. In order to meet the risks of this increased</td></tr><tr><td colspan="6">focus and the possibilities associated with sustainability, we have decided</td></tr><tr><td colspan="6">to launch sustainability targets that create a close connection</td></tr><tr><td colspan="6">between our company and the SDGs.</td></tr><tr><td colspan="6">We have specified measurable and ambitious targets for SDG 7 concerning</td></tr><tr><td colspan="6">renewable energy and SDG 12 concerning consumption and</td></tr><tr><td colspan="6">production. These are described in the section about the environment</td></tr><tr><td colspan="6">and climate below.</td></tr><tr><td colspan="6">Risks</td></tr><tr><td colspan="6">Below is an overview of the most important risks and actions for each</td></tr><tr><td colspan="6">of the UNâs Global Compact principles and the specified policy areas.</td></tr><tr><td colspan="6">Human rights</td></tr><tr><td colspan="6">⢠Risk: The company mainly relies on suppliers from within Europe,</td></tr><tr><td colspan="6">and the risk of failure to comply with human rights and labour</td></tr><tr><td colspan="6">rights is minimal.</td></tr><tr><td colspan="6">⢠Action: All suppliers are asked to fill out a Supplier Code of Conduct</td></tr><tr><td colspan="6">that emphasises human rights and labour rights. Only the suppliers</td></tr><tr><td colspan="6">who fulfil the requirements of this code of conduct are used.</td></tr><tr><td colspan="6">Labour</td></tr><tr><td colspan="6">⢠Risk: Our employeesâ safety is a Risk factor since we have warehouses</td></tr><tr><td colspan="6">and production facilities.</td></tr><tr><td colspan="6">⢠Action: The management is continually focused on safety and we</td></tr><tr><td colspan="6">are working to improve this further via education and training.</td></tr><tr><td colspan="6">Environment and climate</td></tr><tr><td colspan="6">⢠Risk: Our own processing and purchasing of raw materials from</td></tr><tr><td colspan="6">suppliers involves a risk of negative environmental impacts.</td></tr><tr><td colspan="6">⢠Action: we are systematically working on reducing Our environmental</td></tr><tr><td colspan="6">impact from our warehouses and processing activities and</td></tr><tr><td colspan="6">we encourage our suppliers to do the same. We have introduced an</td></tr><tr><td colspan="6">ambitious target being climate neutral by 2030 and we are continously</td></tr><tr><td colspan="6">investing in initiatives to meet this target.</td></tr><tr><td colspan="6">Anti-corruption work</td></tr><tr><td colspan="6">⢠Risk: Legal violations relating to corruption can result in major financial</td></tr><tr><td colspan="6">losses and a poor reputation.</td></tr><tr><td colspan="6">⢠Action: Targeted training in business ethics and anti-corruption</td></tr><tr><td colspan="6">work for selected high-risk areas such as the sales team. Continuous</td></tr><tr><td colspan="6">monitoring of changes to legislation concerning anticorruption</td></tr><tr><td colspan="6">work and the implementation of applicable rules. Updating the</td></tr><tr><td colspan="6">Code of Conduct, also for suppliers. Available whistleblower hotline.</td></tr><tr><td colspan="6">Online training in anti-trust and compliance for all employees.</td></tr><tr><td colspan="6">Environment and climate</td></tr><tr><td colspan="6">Protecting the environment is important to RIAS, and we make every</td></tr><tr><td colspan="6">effort to minimise negative environmental impacts and address climate</td></tr><tr><td colspan="6">change.</td></tr><tr><td colspan="6">The company has a limited environmental impact which mainly consists</td></tr><tr><td colspan="6">of waste from products and transportation and driving in company</td></tr><tr><td colspan="6">cars and electricity consumption for the companyâs processing</td></tr><tr><td colspan="6">work, offices and warehouses.</td></tr><tr><td colspan="6">The company is working in a targeted manner to reduce its environmental</td></tr><tr><td colspan="6">impact from PVC waste, and here the company has a partnership</td></tr><tr><td colspan="6">with the organisation Wuppi which collects and disposes PVC in</td></tr><tr><td colspan="6">a sustainable fashion.</td></tr><tr><td colspan="6">During 2022/23 RIAS continued to introduce Green Concept which is</td></tr><tr><td colspan="6">an offer to customers who are unable to send their plastic scrap to</td></tr><tr><td colspan="6">recycling. RIAS collect the scrap and makes sure that it gets recycled.</td></tr><tr><td colspan="6">During 2022/23 41 tons of scrap have been collected and delivered</td></tr><tr><td colspan="6">to recycling. This scrap would most likely otherwise have been considered</td></tr><tr><td colspan="6">to be waste.</td></tr><tr><td colspan="6">RIAS makes every effort to make environmental considerations an</td></tr><tr><td colspan="6">integral part of our activities. Our work with reducing climate emis-</td></tr><tr><td colspan="6">sions is focused on, but not limited to, energy, heating, behaviour and</td></tr><tr><td colspan="6">transport. The work with reducing our environmental impact is focused</td></tr><tr><td colspan="6">on, but not limited to, responsible purchasing, responsible packaging</td></tr><tr><td colspan="6">and waste management. Our goal is to reduce the negative</td></tr><tr><td colspan="6">climate and environmental consequences of our activities, and we</td></tr><tr><td colspan="6">expect the same from our suppliers. We are convinced that effective</td></tr><tr><td colspan="6">and systematic environmental initiatives create both environmental</td></tr><tr><td colspan="6">benefits and value for our stakeholders.</td></tr><tr><td colspan="6">Target</td></tr><tr><td colspan="6">RIAS is working towards being carbon neutral in 2030.</td></tr><tr><td colspan="6">In 2024 the company will make a roadmap with concrete measures</td></tr><tr><td colspan="6">on how to achieve this target.</td></tr><tr><td colspan="6">RIAS A/S is continually monitoring energy consumption levels and</td></tr><tr><td colspan="6">waste figures for the entire company in a database called WeSustain,</td></tr><tr><td colspan="6">and here the development is compared to previous years.</td></tr><tr><td colspan="6">Results achieved</td></tr><tr><td colspan="6">Based on input from WeSustain concerning the companyâs consumption</td></tr><tr><td colspan="6">in areas such as electricity, fuel and water, it is possible to calculate</td></tr><tr><td colspan="6">a carbon footprint that can be used to assess where new initiatives</td></tr><tr><td colspan="6">are needed to support the companyâs target of being carbon</td></tr><tr><td colspan="6">neutral in 2030.</td></tr><tr><td colspan="6">The company is continuously working on reducing its energy consumption</td></tr><tr><td colspan="6">in its warehouses, production facilities and administration</td></tr><tr><td colspan="6">with the support from energy consultants who gives advice on the</td></tr><tr><td colspan="6">newest technology and where it makes sense to reduce our energy</td></tr><tr><td colspan="6">consumption with the biggest impact.</td></tr><tr><td colspan="6">By tracking our energy consumption and the CO2 output we are able</td></tr><tr><td colspan="6">to work more efficient towards our goal in 2030.</td></tr><tr><td colspan="6">In 2024 the company will conduct an energy check with external consultance</td></tr><tr><td colspan="6">as requested every 4th year.</td></tr><tr><td colspan="6">RIAS has the following energy consumption split by source. The emissions</td></tr><tr><td colspan="6">are calculated on the basis of energy consumption and CO2</td></tr><tr><td colspan="6">emissions are calculated using the GHG Protocol methodology.</td></tr><tr><td>Tonnage CO2</td><td colspan="5">CO2 emissions by source</td></tr><tr><td /><td>2022/23</td><td>2021/22</td><td>2020/21</td><td>2019/20</td><td>2018/19</td></tr><tr><td>Electrical power</td><td>65</td><td>74</td><td>173</td><td>157</td><td>138</td></tr><tr><td /><td>20%</td><td>19%</td><td>32%</td><td>27%</td><td>26%</td></tr><tr><td>Natural gas</td><td>48</td><td>57</td><td>51</td><td>54</td><td>54</td></tr><tr><td /><td>15%</td><td>15%</td><td>9%</td><td>9%</td><td>10%</td></tr><tr><td>Diesel / Petrol</td><td>132</td><td>144</td><td>118</td><td>121</td><td>136</td></tr><tr><td /><td>40%</td><td>37%</td><td>21%</td><td>21%</td><td>25%</td></tr><tr><td>District heat</td><td>91</td><td>111</td><td>207</td><td>256</td><td>210</td></tr><tr><td /><td>28%</td><td>29%</td><td>38%</td><td>44%</td><td>39%</td></tr><tr><td>Total</td><td>336</td><td>386</td><td>549</td><td>588</td><td>538</td></tr><tr><td colspan="6">Electricity consumption</td></tr><tr><td colspan="6">The company uses a large part of its electricity consumption in its</td></tr><tr><td colspan="6">warehouses and processing work; During the last year we have been</td></tr><tr><td colspan="6">able to reduce our use of electricy and therefore also the emission of</td></tr><tr><td colspan="6">CO2 from this source. In 2022/23 the company invested in additional</td></tr><tr><td colspan="6">solar panels for the site in Roskilde. The additional solar panels</td></tr><tr><td colspan="6">were implemented in the spring of 2023 and therefore the company</td></tr><tr><td colspan="6">did not see the full effect of it during 2022/23.</td></tr><tr><td colspan="6">In 2022/23 RIAS has been able to produce 143,415 Kwh. This production</td></tr><tr><td colspan="6">amounts to 19% of our usage of electricity.</td></tr><tr><td colspan="6">Investments in automation of the usage of electricity in processing</td></tr><tr><td colspan="6">department has also been done which will replace manual judgement</td></tr><tr><td colspan="6">of how much energy should be used for our pumps in the</td></tr><tr><td colspan="6">department. This is estimated to reduce our usage of electricity by</td></tr><tr><td colspan="6">20t Kwh pr year equal to 3% reduction.</td></tr><tr><td colspan="6">Internal and external lightning has been changed to LED and a high</td></tr><tr><td colspan="6">awareness of the use of electricy among our colleagues have also</td></tr><tr><td colspan="6">contributed to a reduction in the use of electricity and will continue to</td></tr><tr><td colspan="6">be a topic for the future.</td></tr><tr><td colspan="6">The company still expects to invest in new machinery in the future</td></tr><tr><td colspan="6">and energy usage will therefore be a big part of the choice of brand</td></tr><tr><td colspan="6">and which machine that should be invested in.</td></tr><tr><td colspan="6">Preparation for additional charging stations have been made and</td></tr><tr><td colspan="6">foundation for up to 28 charging stations are in place. The company</td></tr><tr><td colspan="6">expects to increase the existing 4 charging stations with additional 4</td></tr><tr><td colspan="6">during 2023/24</td></tr><tr><td colspan="6">13% of RIASâ leased fleet is either electric or hybrid and is an increase</td></tr><tr><td colspan="6">compared to 9% 2021/22. As shown above the company still has a</td></tr><tr><td colspan="6">significant emission of CO2 from cars and therefore a strategy for</td></tr><tr><td colspan="6">a transmission from cars running on fossil fuels to electric cars are</td></tr><tr><td colspan="6">being worked on and will be implemented during Q1 in 2023/24.</td></tr><tr><td colspan="6">In order to improve our future tracking and documenting electricity</td></tr><tr><td colspan="6">usage in RIAS, the company has installed devices on each machine</td></tr><tr><td colspan="6">and other assets that use electricity in order to track the usage when</td></tr><tr><td colspan="6">running or in standby mode so any unnatural usage can be discovered</td></tr><tr><td colspan="6">and stopped before having any waste of energy.</td></tr><tr><td colspan="6">Heating usage</td></tr><tr><td colspan="6">RIAS uses natural gas to heat the building in Assentoft and district</td></tr><tr><td colspan="6">heating for the buildings in Roskilde, and the company has mainly</td></tr><tr><td colspan="6">worked on reducing consumption on the Roskilde site.</td></tr><tr><td colspan="6">Isolation and replacement of new windows during the last years have</td></tr><tr><td colspan="6">been done where needed and during Q1 of 2023/24 an inspection</td></tr><tr><td colspan="6">of the building in Roskilde will be carried out in order to see where</td></tr><tr><td colspan="6">possible potentials for improvement can be done.</td></tr><tr><td colspan="6">Our supplier of district heating is also working on making their production</td></tr><tr><td colspan="6">more âgreenâ and will therefore also have an indirect effect</td></tr><tr><td colspan="6">on our CO2 emission from this source in the future. The usage of natural</td></tr><tr><td colspan="6">gas in Assentoft is at a stable level and still has an emission of</td></tr><tr><td colspan="6">48 tons CO2. The company expects that a transmission from gas to</td></tr><tr><td colspan="6">district heat also will be done in Assentoft during 2023/24 which will</td></tr><tr><td colspan="6">decrease the CO2 emission from the warehouse.</td></tr><tr><td colspan="6">Waste</td></tr><tr><td colspan="6">The company generates waste as part of its processing of plastics,</td></tr><tr><td colspan="6">but it is a very limited amount. RIAS is working in a targeted manner</td></tr><tr><td colspan="6">to reduce the environmental impact of PVC waste, and the company</td></tr><tr><td colspan="6">has a partnership with the organisation Wuppi, which collects and</td></tr><tr><td colspan="6">disposes of hard PVC waste in a sustainable fashion.</td></tr><tr><td colspan="6">During 2022/23 Wuppi collected 7,144 tons of plastic waste, which</td></tr><tr><td colspan="6">was send to recycling.</td></tr><tr><td colspan="6">During 2022/23 RIAS further introduced Green Concept which is an</td></tr><tr><td colspan="6">offer to customers who are unable to send their plastic scrap to recycling.</td></tr><tr><td colspan="6">RIAS collects the scrap and makes sure that it gets recycled.</td></tr><tr><td colspan="6">During 2022/23 40.9 tons of scrap have been collected and delivered</td></tr><tr><td colspan="6">to recycling. This scrap would most likely otherwise have been considered</td></tr><tr><td colspan="6">to be waste.</td></tr><tr><td colspan="6">RIAS is continually working on finding new sustainable solutions for</td></tr><tr><td colspan="6">our products. One example of this is the PLEXIGLAS®proTerra, which</td></tr><tr><td colspan="6">is a plate that consists of 90% regenerated material without compromising</td></tr><tr><td colspan="6">on quality or properties.</td></tr><tr><td colspan="6">Another example is lyx® Foam Eco which transforms conventional</td></tr><tr><td colspan="6">notion of green by introducing black as the new environmentally conscious</td></tr><tr><td colspan="6">hue. Crafted from PVC foam, this innovative product incorporates</td></tr><tr><td colspan="6">up to 80% reclaimed post-production waste, effectively curbing</td></tr><tr><td colspan="6">landfill contributions and establishing itself as a more sustainable</td></tr><tr><td colspan="6">option in the realm of foam PVC.</td></tr><tr><td colspan="6">In 2022/23 RIAS introduced a product called Prism24 which can be</td></tr><tr><td colspan="6">used in the sign business. The product is 33% more energy efficient</td></tr><tr><td colspan="6">compared to previous products.</td></tr><tr><td colspan="6">During 1st half of 2023/24 the company will introduce a certified</td></tr><tr><td colspan="6">Product Carbon Footprint calculator that will give the customers a</td></tr><tr><td colspan="6">possibility to see which footprint the products they purchase will</td></tr><tr><td colspan="6">have from production site to the customerâs warehouse.</td></tr><tr><td colspan="6">RIAS A/S aims to conduct its operations in a responsible manner and</td></tr><tr><td colspan="6">is continually working on creating coherence between the companyâs</td></tr><tr><td colspan="6">strategy and responsibility to the society that the company operates</td></tr><tr><td colspan="6">in. For RIAS A/S, social responsibility work is a continual process</td></tr><tr><td colspan="6">and in 2023/24 the company continues to work on structuring the</td></tr><tr><td colspan="6">required internal processes.</td></tr><tr><td colspan="6">Based on a criticality assessment, the company is working with areas</td></tr><tr><td colspan="6">such as employees, the environment, supplier conditions and anticorruption.</td></tr><tr><td colspan="6">The overall policy is described below in addition to how the</td></tr><tr><td colspan="6">policy works in practice and, where relevant, what has been achieved.</td></tr><tr><td colspan="6">Social factors</td></tr><tr><td colspan="6">Ensuring good social conditions for employees is important to the</td></tr><tr><td colspan="6">company, and RIAS offers all of its employees good working conditions</td></tr><tr><td colspan="6">in accordance with applicable legislation and good practices.</td></tr><tr><td colspan="6">There are monthly follow-ups on sick leave in order to improve</td></tr><tr><td colspan="6">well-being, and in general, the company is continually working on</td></tr><tr><td colspan="6">ensuring the best possible working environment. The total absences</td></tr><tr><td colspan="6">for the 2022/23 financial year have decreased compared to 2021/22</td></tr><tr><td colspan="6">and are at 2.4% compared to 3.1% last year.</td></tr><tr><td colspan="6">Workplace safety is important to the company, and there is continual</td></tr><tr><td colspan="6">investment in initiatives that improve safety at warehouses and production</td></tr><tr><td colspan="6">facilities. During 2022/23 investments done in fire protection</td></tr><tr><td colspan="6">has been done in Roskilde.</td></tr><tr><td colspan="6">Investments have been made in equipping trucks with blue lights</td></tr><tr><td colspan="6">both front and rear so that employees can see when a truck is headed</td></tr><tr><td colspan="6">their way.</td></tr><tr><td colspan="6">Investments have also been made on pallet racks to prevent forklifts</td></tr><tr><td colspan="6">from damaging the racks so that a breakdown of the racks can injure</td></tr><tr><td colspan="6">the workforce.</td></tr><tr><td colspan="6">In the financial year of 2022/23 the company had one workplace accident</td></tr><tr><td colspan="6">where an employee stretched a muscle during a lift.</td></tr><tr><td colspan="6">The company will continue to work on safety issues via daily morning</td></tr><tr><td colspan="6">meetings at warehouses and production facilities in order to ensure</td></tr><tr><td colspan="6">that the number of workplace accidents remains at zero. In the coming</td></tr><tr><td colspan="6">period, the company is expecting to complete an employee satisfaction</td></tr><tr><td colspan="6">survey to ensure that the social conditions remain good via the</td></tr><tr><td colspan="6">use of employee dialogues.</td></tr><tr><td colspan="6">Inclusion is also important to the company, and it employs those in</td></tr><tr><td colspan="6">vocational training programmes and offers flexible working schemes</td></tr><tr><td colspan="6">(flexjob) to employees with a limited work capacity.</td></tr><tr><td colspan="6">In addition, there are schemes for seniors offered to employees who</td></tr><tr><td colspan="6">are close to retirement.</td></tr><tr><td colspan="6">RIAS also assumes responsibility by training young people in various</td></tr><tr><td colspan="6">job roles, and currently the company has three trainees hired in</td></tr><tr><td colspan="6">warehouses and in purchasing functions.</td></tr><tr><td colspan="6">RIAS has a maternity leave for men that is equal to the one offered</td></tr><tr><td colspan="6">to women and by doing that exceeding the legal requirements. This</td></tr><tr><td colspan="6">has the effect that men and women have the same opportunity in</td></tr><tr><td colspan="6">this matter.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Suppliers and human rights</td></tr><tr><td colspan="1">The company typically enters into long-term supplier relationships,</td></tr><tr><td colspan="1">and the suppliers are mainly located in Europe. An overall assessment</td></tr><tr><td colspan="1">of the suppliers also includes - besides financial and quality</td></tr><tr><td colspan="1">related assessments an assessment of whether the supplier demonstrates</td></tr><tr><td colspan="1">social responsibility, including not using child labour, etc.</td></tr><tr><td colspan="1">All new suppliers are asked to fill out a Supplier Code of Conduct which,</td></tr><tr><td colspan="1">among other things, has questions related to human rights. In the financial</td></tr><tr><td colspan="1">year only suppliers fulfilling the requirements of the Supplier</td></tr><tr><td colspan="1">Code of Conduct have been used.</td></tr><tr><td colspan="1">RIAS A/S has received an updated Supplier Declaration at the end</td></tr><tr><td colspan="1">of the financial year and will therefore from now on use this one for</td></tr><tr><td colspan="1">new suppliers, while also getting this updated version signed by the</td></tr><tr><td colspan="1">current suppliers.</td></tr><tr><td colspan="1">Anti-corruption</td></tr><tr><td colspan="1">As a company, RIAS wants to ensure that we carry out our activities</td></tr><tr><td colspan="1">in an honest manner without the involvement of corruption or bribery</td></tr><tr><td colspan="1">to gain unfair advantages. It is important that all of RIASâ activities are</td></tr><tr><td colspan="1">characterised by integrity.</td></tr><tr><td colspan="1">Bribery and corruption harm the societies in which they take place</td></tr><tr><td colspan="1">and prevent economic growth and development.</td></tr><tr><td colspan="1">It is RIASâ policy to comply with all applicable laws on fighting corruption</td></tr><tr><td colspan="1">and to correctly list all transactions in RIASâ financial statements</td></tr><tr><td colspan="1">and reports.</td></tr><tr><td colspan="1">The company has zero tolerance for bribery and corruption made by</td></tr><tr><td colspan="1">employees or others acting on our behalf.</td></tr><tr><td colspan="1">To support the policy on fighting bribery, all new employees must complete</td></tr><tr><td colspan="1">online courses in anti-trust and anti-corruption issues within</td></tr><tr><td colspan="1">three months of starting in their jobs and updated courses are continuously</td></tr><tr><td colspan="1">held for employees in RIAS A/S.</td></tr><tr><td colspan="1">In the 2022/23 financial year, compliance e-learning courses in anticorruption</td></tr><tr><td colspan="1">work have been held for all employees and 100% of employees</td></tr><tr><td colspan="1">completed the course.</td></tr><tr><td colspan="1">Compliance is also an item on the agenda at board meetings, and</td></tr><tr><td colspan="1">here the Board of Directors has also been informed of the e-learning</td></tr><tr><td colspan="1">courses that have been completed.</td></tr><tr><td colspan="1">The management group also discusses compliance issues and this is</td></tr><tr><td colspan="1">a permanent part of the agenda.</td></tr><tr><td colspan="1">During 2022/23 the company expanded the whistleblower hotline so</td></tr><tr><td colspan="1">it gives any one the possibility to report on all critical issues they</td></tr><tr><td colspan="1">might observe. The hotline is available from the website RIAS.dk</td></tr><tr><td colspan="1">and therefore is an option for both internal employees and external</td></tr><tr><td colspan="1">stakeholder to use. The hotline is managed by an external partner</td></tr><tr><td colspan="1">and therefore everything can be reported strictly confidential.</td></tr><tr><td colspan="1">There have been no whistleblower reports submitted in 2022/23. Nor</td></tr><tr><td colspan="1">has management been made aware of corruption issues by other</td></tr><tr><td colspan="1">channels, and the Board of Directors has also been notified of this.</td></tr><tr><td colspan="1">In the 2022/23 financial year, all employees have been asked to complete</td></tr><tr><td colspan="1">e-learning courses on compliance, GDPR and IT security.</td></tr></table></mrv:StatementOfCorporateSocialResponsibility>
<mrv:StatementOfTheDiversityPolicies contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Diversity</td></tr><tr><td colspan="1">At RIAS, we believe that a diverse workplace and an inclusive working</td></tr><tr><td colspan="1">environment is an asset for our company.</td></tr><tr><td colspan="1">We believe that diverse teams are more innovative, make better decisions</td></tr><tr><td colspan="1">and contribute to novel thinking, and we also promote tolerance</td></tr><tr><td colspan="1">among our employees.</td></tr><tr><td colspan="1">RIAS wants and strives to be a responsible workplace that recruits,</td></tr><tr><td colspan="1">promotes and develops its employees based on their competences</td></tr><tr><td colspan="1">and in a manner that promotes diversity.</td></tr><tr><td colspan="1">We therefore also make every effort to ensure that our recruitment,</td></tr><tr><td colspan="1">terms of employment, promotions and any potential terminations are</td></tr><tr><td colspan="1">made without prejudice towards gender, sexual orientation, age, nationality,</td></tr><tr><td colspan="1">physical ability, handicaps, political views, ethnicity, family</td></tr><tr><td colspan="1">status, religious convictions or other ideologies. When we recruit new</td></tr><tr><td colspan="1">managers, we focus on equal terms and on identifying candidates</td></tr><tr><td colspan="1">from both genders.</td></tr><tr><td colspan="1">How we work with diversity at RIAS</td></tr><tr><td colspan="1">We are continually working on ensuring diversity both in management</td></tr><tr><td colspan="1">teams and among employee groups. We work based on the following</td></tr><tr><td colspan="1">principles</td></tr><tr><td colspan="1">⢠RIAS is a workplace with equal opportunities for everyone in a safe</td></tr><tr><td colspan="1">and non-discriminatory working environment.</td></tr><tr><td colspan="1">⢠We strive to ensure that women are represented by more than</td></tr><tr><td colspan="1">25% among our management teams and we therefore focus on</td></tr><tr><td colspan="1">equal terms and on identifying candidates from both genders when</td></tr><tr><td colspan="1">recruiting new managers.</td></tr><tr><td colspan="1">⢠We comply with Danish and international human rights standards</td></tr><tr><td colspan="1">and laws regarding equal opportunity and we offer fair and equal</td></tr><tr><td colspan="1">terms in employment and working conditions, regardless of gender,</td></tr><tr><td colspan="1">ethnic origins, religious beliefs or other personal conditions.</td></tr><tr><td colspan="1">⢠We do not tolerate bullying, sexual harassment, discrimination, offensive</td></tr><tr><td colspan="1">behaviour or threats.</td></tr><tr><td colspan="1">⢠We strive to ensure that the composition of our employees is a mix</td></tr><tr><td colspan="1">of young and experienced employees who together can inspire and</td></tr><tr><td colspan="1">contribute to the development of RIAS.</td></tr></table></mrv:StatementOfTheDiversityPolicies>
<mrv:DescriptionOfPoliciesForTheUnderreprecentedGender contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Policy for the gender composition of the Board of Directors and Executive Board, cf. Section 99(b)</td></tr><tr><td colspan="1">The current Board of Directors are elected on an annual basis, and</td></tr><tr><td colspan="1">the board members are selected based on their overall competences.</td></tr><tr><td colspan="1">The Board of Directors currently consists of four members, of which</td></tr><tr><td colspan="1">three are men and the chairman is a woman. Therefore 25% which is</td></tr><tr><td colspan="1">in excess of the 15% target. There has thus been achieved an equitable</td></tr><tr><td colspan="1">gender distribution in the top management team.</td></tr><tr><td colspan="1">As the registered Executive Board at present consists of two members,</td></tr><tr><td colspan="1">there is no target for the gender composition in the Executive</td></tr><tr><td colspan="1">Board.</td></tr><tr><td colspan="1">RIAS A/S´ personnel policy states that the proportion of women in</td></tr><tr><td colspan="1">other administrative bodies should be increased.</td></tr><tr><td colspan="1">RIAS A/S is taking the following actions to achieve a more equitable</td></tr><tr><td colspan="1">gender composition among the other administrative bodies</td></tr><tr><td colspan="1">Work is being done to ensure at least 25% female managers in the</td></tr><tr><td colspan="1">company which was achived in 2021/22. This is accomplished by</td></tr><tr><td colspan="1">using recruitment agencies to find the best employees and to ensure</td></tr><tr><td colspan="1">that the candidates include well-qualified women.</td></tr><tr><td colspan="1">Making the company more attractive to managers of both genders,</td></tr><tr><td colspan="1">such as by ensuring there is an HR policy that promotes the career</td></tr><tr><td colspan="1">opportunities of both men and women, which is accomplished by offering</td></tr><tr><td colspan="1">a flexible and family-friendly workplace.</td></tr><tr><td colspan="1">Creating a safe framework for individual career development via networks</td></tr><tr><td colspan="1">with managers in other companies, for example, via the intranet</td></tr><tr><td colspan="1">where employees can network with other managers in other</td></tr><tr><td colspan="1">thyssenkrupp companies. Our young managers are also participating</td></tr><tr><td colspan="1">in external networking groups.</td></tr><tr><td colspan="1">There have been no changes to the management team in the financial</td></tr><tr><td colspan="1">year, and the distribution is 25% women and thus the same as last</td></tr><tr><td colspan="1">year.</td></tr></table></mrv:DescriptionOfPoliciesForTheUnderreprecentedGender>
<mrv:StatementOfPolicyForDataEthics contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Data ethics § 99 d</td></tr><tr><td colspan="1">It is RIAS´s policy to maintain the highest ethical standards and comply</td></tr><tr><td colspan="1">with all applicable data and privacy laws and regulations. Our work</td></tr><tr><td colspan="1">with data ethics is governed by the data ethics policy as well as internal</td></tr><tr><td colspan="1">policies and standard operating procedures.</td></tr><tr><td colspan="1">As described in RIASâ Policy for data ethics, which is available at rias.</td></tr><tr><td colspan="1">dk, we at RIAS have identified a number of data ethical values that</td></tr><tr><td colspan="1">we as a company must work towards, and which can support that we</td></tr><tr><td colspan="1">always make well-considered decisions on our digital journey. The</td></tr><tr><td colspan="1">data ethical values are places on top of the relevant legislation for the</td></tr><tr><td colspan="1">area and complement RIASâ personal data policy.</td></tr><tr><td colspan="1">The policy implies that RIAS continuously consider the advantages</td></tr><tr><td colspan="1">and disadvantages of the use of new digital solutions in relation to the</td></tr><tr><td colspan="1">data processing they entail, as RIAS is very aware that the use and</td></tr><tr><td colspan="1">processing of data must never go beyond RIASâ data ethical values</td></tr><tr><td colspan="1">and in the end, end up damaging trust in RIAS as a digitally responsible</td></tr><tr><td colspan="1">company.</td></tr><tr><td colspan="1">Please refer to riasnordic.com/about-rias/data-ethics-policy</td></tr></table></mrv:StatementOfPolicyForDataEthics>
<gsd:NameOfReportingEntity contextRef="ctx1" xml:lang="da">RIAS A/S</gsd:NameOfReportingEntity>
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<gsd:TelephoneNumberOfReportingEntity contextRef="ctx1" xml:lang="da">Telephone: +45 46 77 00 00</gsd:TelephoneNumberOfReportingEntity>
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<gsd:EmailOfReportingEntity contextRef="ctx1" xml:lang="da">Email: info@rias.dk</gsd:EmailOfReportingEntity>
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<ifrs-full:Revenue contextRef="ctx1" unitRef="vDKK" decimals="-3">313144000</ifrs-full:Revenue>
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<ifrs-full:AdministrativeExpense contextRef="ctx1" unitRef="vDKK" decimals="-3">12946000</ifrs-full:AdministrativeExpense>
<ifrs-full:ProfitLossFromOperatingActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">16933000</ifrs-full:ProfitLossFromOperatingActivities>
<ifrs-full:FinanceIncome contextRef="ctx1" unitRef="vDKK" decimals="-3">313000</ifrs-full:FinanceIncome>
<ifrs-full:FinanceCosts contextRef="ctx1" unitRef="vDKK" decimals="-3">1252000</ifrs-full:FinanceCosts>
<ifrs-full:ProfitLossBeforeTax contextRef="ctx1" unitRef="vDKK" decimals="-3">15994000</ifrs-full:ProfitLossBeforeTax>
<ifrs-full:IncomeTaxExpenseContinuingOperations contextRef="ctx1" unitRef="vDKK" decimals="-3">3487000</ifrs-full:IncomeTaxExpenseContinuingOperations>
<ifrs-full:ProfitLoss contextRef="ctx1" unitRef="vDKK" decimals="-3">12507000</ifrs-full:ProfitLoss>
<ifrs-full:ComprehensiveIncome contextRef="ctx1" unitRef="vDKK" decimals="-3">12507000</ifrs-full:ComprehensiveIncome>
<ifrs-full:BasicEarningsLossPerShare contextRef="ctx1" unitRef="share" decimals="1">54.2</ifrs-full:BasicEarningsLossPerShare>
<ifrs-full:DilutedEarningsLossPerShare contextRef="ctx1" unitRef="share" decimals="1">54.2</ifrs-full:DilutedEarningsLossPerShare>
<ifrs-full:AdjustmentsForIncomeTaxExpense contextRef="ctx1" unitRef="vDKK" decimals="-3">3487000</ifrs-full:AdjustmentsForIncomeTaxExpense>
<ifrs-dk:AdjustmentsForDepreciationAndImpairmentLoss contextRef="ctx1" unitRef="vDKK" decimals="-3">8738000</ifrs-dk:AdjustmentsForDepreciationAndImpairmentLoss>
<ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets contextRef="ctx1" unitRef="vDKK" decimals="-3">40000</ifrs-full:AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets>
<ifrs-full:AdjustmentsForFinanceIncome contextRef="ctx1" unitRef="vDKK" decimals="-3">-313000</ifrs-full:AdjustmentsForFinanceIncome>
<ifrs-full:AdjustmentsForFinanceCosts contextRef="ctx1" unitRef="vDKK" decimals="-3">1252000</ifrs-full:AdjustmentsForFinanceCosts>
<ifrs-dk:DecreaseIncreaseInInventories contextRef="ctx1" unitRef="vDKK" decimals="-3">-4183000</ifrs-dk:DecreaseIncreaseInInventories>
<ifrs-dk:DecreaseIncreaseInReceivables contextRef="ctx1" unitRef="vDKK" decimals="-3">9597000</ifrs-dk:DecreaseIncreaseInReceivables>
<ifrs-dk:DecreaseIncreaseInTradePayables contextRef="ctx1" unitRef="vDKK" decimals="-3">716000</ifrs-dk:DecreaseIncreaseInTradePayables>
<ifrs-full:InterestReceivedClassifiedAsOperatingActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">111000</ifrs-full:InterestReceivedClassifiedAsOperatingActivities>
<ifrs-full:InterestPaidClassifiedAsOperatingActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">-1085000</ifrs-full:InterestPaidClassifiedAsOperatingActivities>
<ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">-3895000</ifrs-full:IncomeTaxesPaidRefundClassifiedAsOperatingActivities>
<ifrs-full:CashFlowsFromUsedInOperatingActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">26972000</ifrs-full:CashFlowsFromUsedInOperatingActivities>
<ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">-4917000</ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities>
<ifrs-full:CashFlowsFromUsedInInvestingActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">-4917000</ifrs-full:CashFlowsFromUsedInInvestingActivities>
<ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">-4622000</ifrs-full:PaymentsOfFinanceLeaseLiabilitiesClassifiedAsFinancingActivities>
<ifrs-full:DividendsPaidClassifiedAsFinancingActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">-11532000</ifrs-full:DividendsPaidClassifiedAsFinancingActivities>
<ifrs-full:CashFlowsFromUsedInFinancingActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">-16154000</ifrs-full:CashFlowsFromUsedInFinancingActivities>
<ifrs-full:IncreaseDecreaseInCashAndCashEquivalents contextRef="ctx1" unitRef="vDKK" decimals="-3">5901000</ifrs-full:IncreaseDecreaseInCashAndCashEquivalents>
<ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents contextRef="ctx1" unitRef="vDKK" decimals="-3">34000</ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents>
<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Managementâs statement</td></tr><tr><td colspan="1">The Board of Directors and the Executive Board have today con-</td></tr><tr><td colspan="1">sidered and adopted the Annual Report of RIAS A/S for 2022/23.</td></tr><tr><td colspan="1">The Annual Report has been prepared in accordance with Inter-</td></tr><tr><td colspan="1">national Financial Reporting Standards (IFRS) as adopted by the</td></tr><tr><td colspan="1">EU and Danish disclosure requirements for listed companies.</td></tr><tr><td colspan="1">In our opinion, the Financial Statements give a true and fair view</td></tr><tr><td colspan="1">of the financial position of the Company at 30 September 2023</td></tr><tr><td colspan="1">and of the results of the Company operations and cash flows for</td></tr><tr><td colspan="1">the financial year 1 October 2022 â 30 September 2023.</td></tr><tr><td colspan="1">In our opinion, Managementâs Review provides a true and fair</td></tr><tr><td colspan="1">account of the development of Companyâs activities and financial</td></tr><tr><td colspan="1">circumstances, the profit for the year, cash flows and financial</td></tr><tr><td colspan="1">position as well as a description of the most material risks and</td></tr><tr><td colspan="1">uncertainties that may affect the Company.</td></tr><tr><td colspan="1">In our opinion, the annual report of Rias A/S for the financial</td></tr><tr><td colspan="1">year 1 October 2022 to 30 September 2023 identified asRIAS-</td></tr><tr><td colspan="1">2023-09-30-en.xhtml is prepared, in all material respects, in</td></tr><tr><td colspan="1">compliance with the ESEF Regulation.</td></tr></table></sob:StatementByExecutiveAndSupervisoryBoards>
<sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We recommend that the Annual Report be adopted at the Annual</td></tr><tr><td colspan="1">General Meeting.</td></tr></table></sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the Shareholders of RIAS A/S</td></tr></table></arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:AuditorsReportOnFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS</td></tr></table></arr:AuditorsReportOnFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Opinion</td></tr><tr><td colspan="1">We have audited the Financial Statements of RIAS A/S for the financial year 1 October 2022 - 30 September 2023, which comprise income statement, total</td></tr><tr><td colspan="1">income statement, balance sheet, statement of changes in equity, cash flow statement, notes and a summary of significant ac-counting policies. The Finan-</td></tr><tr><td colspan="1">cial Statements are prepared in accordance with the International Financial Reporting Standards as adopted by the EU and additional requirements in the</td></tr><tr><td colspan="1">Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the Financial Statements give a true and fair view of the Companyâs financial position at 30 September 2023, and of the results of the</td></tr><tr><td colspan="1">Companyâs operations and cash flows for the financial year 1 October 2022 - 30 September 2023 in accordance with the International Financial Reporting</td></tr><tr><td colspan="1">Standards as adopted by the EU and additional requirements in the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Our opinion is consistent with our long-form audit report to the audit committee and the board of directors.</td></tr></table></arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis for Opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsi-</td></tr><tr><td colspan="1">bilities under those standards and requirements are further described in the âAuditorâs Responsibilities for the Audit of the Financial Statementsâ section of</td></tr><tr><td colspan="1">our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr><tr><td colspan="1">Independence</td></tr><tr><td colspan="1">We are independent of the Company in accordance with the International Ethics Standards Board for Accountantsâ International Code of Ethics for Professional</td></tr><tr><td colspan="1">Accountants (including International Independence Standards) (IESBA Code), together with the ethical requirements that are relevant to our audit of the finan-</td></tr><tr><td colspan="1">cial statements in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code.</td></tr><tr><td colspan="1">To the best of our belief we have not performed any prohibited non-audit services, as stated in article 5, subarticle 1, in regulation (EU) no. 537/2014.</td></tr><tr><td colspan="1">Appointment of auditor</td></tr><tr><td colspan="1">We were initially appointed auditor of RIAS A/S on 27 January 2023 for the financial year 2022/23.</td></tr></table></arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:KeyAuditMattersAudit contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Key Audit Matters</td></tr><tr><td colspan="1">Key Audit Matters are those matters that, in our professional judgment, were of most significance in our audit of the Financial Statements for the financial</td></tr><tr><td colspan="1">year 2022/23. These matters were addressed in the context of our audit of the Financial Statements as a whole, and in forming our auditorâs opinion thereon,</td></tr><tr><td colspan="1">and we do not provide a separate opinion on these matters.</td></tr><tr><td colspan="1">Key audit matter</td></tr><tr><td colspan="1">Valuation of goodwill</td></tr><tr><td colspan="1">Goodwill amounts to DKK 53 million.</td></tr><tr><td colspan="1">As required by IFRS the valuation of goodwill is tested annually for impairment. Key assumptions in determining future cash flows are earnings growth,</td></tr><tr><td colspan="1">including in particular revenue growth, contribution margin together including taking into effect the expected changes in sales prices and the positive effect</td></tr><tr><td colspan="1">from cost control initiatives, changes to working capital as well as the discount rate and long-term growth rate.</td></tr><tr><td colspan="1">We focused on the valuation of goodwill because the assessment of impairment requires considerable judgement and estimates by Management. Reference</td></tr><tr><td colspan="1">is made to note 2 âAccounting estimates and assessmentsâ and note 11 âIntangible assetsâ.</td></tr><tr><td colspan="1">How our audit addressed the key audit matter</td></tr><tr><td colspan="1">We assessed the impairment test prepared by Management, including the determination of the entire business as one cash generating unit.</td></tr><tr><td colspan="1">We assessed the assumptions applied by Management in its budgets and forecasts, including net revenue growth, contribution margin taking into effect the</td></tr><tr><td colspan="1">expected decline in sales prices and positive effect from cost control initiatives, changes to working capital as well as the determination of discount rate and</td></tr><tr><td colspan="1">long-term growth rate.</td></tr><tr><td colspan="1">We compared budgets and plans for prior years with actual figures realised with a view to assessing the accuracy of the judgements and estimates previ-</td></tr><tr><td colspan="1">ously made by Management. In particular, in this regard we challenged Managementâs assessment of the future development in market conditions, founda-</td></tr><tr><td colspan="1">tion for further growth and initiatives to optimize production methods for the purpose of improving margins.</td></tr><tr><td colspan="1">We assessed the sensitivity in the value in use of future cash flows for changes to the assumptions in the budget and forecast period, in particular the sensi-</td></tr><tr><td colspan="1">tivity relating to the long-term growth in the terminal period and changes to the discount rate.</td></tr><tr><td colspan="1">We assessed the sufficiency of disclosures about the key assumptions applied and the sensitivity for changes in key assumptions.</td></tr></table></arr:KeyAuditMattersAudit>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement on Management Review</td></tr><tr><td colspan="1">Management is responsible for the Management Review.</td></tr><tr><td colspan="1">Our opinion on the Financial Statements does not cover the Management Review, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the Financial Statements, our responsibility is to read the Management Review and, in doing so, consider whether the Man-</td></tr><tr><td colspan="1">agement Review is materially inconsistent with the Financial Statements or our knowledge obtained during the audit, or otherwise appears to be materially</td></tr><tr><td colspan="1">misstated.</td></tr><tr><td colspan="1">Moreover, it is our responsibility to consider whether the Management Review provides the information required under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Based on the work we have performed, we conclude that the Management Review is in accordance with the Financial Statements and has been prepared in</td></tr><tr><td colspan="1">accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement of the Management Review.</td></tr></table></arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Managementâs Responsibilities for the Financial Statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of Financial Statements that give a true and fair view in accordance with the International Financial Reporting</td></tr><tr><td colspan="1">Standards as adopted by the EU and additional requirements in the Danish Financial Statements Act, and for such internal control as Management determines is</td></tr><tr><td colspan="1">necessary to enable the preparation of Financial Statements that are free from material misstatement, whether due to fraud or error.</td></tr><tr><td colspan="1">In preparing the Financial Statements, Management is responsible for assessing the Companyâs ability to continue as a going concern, disclosing, as applicable,</td></tr><tr><td colspan="1">matters related to going concern and using the going concern basis of accounting in preparing the Financial Statements unless Management either intends to</td></tr><tr><td colspan="1">liquidate the Company or to cease operations, or has no realistic alternative but to do so.</td></tr></table></arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Auditorâs Responsibilities for the Financial Statements</td></tr><tr><td colspan="1">Our objectives are to obtain reasonable assurance about whether the Financial Statements as a whole are free from material misstatement, whether due to fraud</td></tr><tr><td colspan="1">or error, and to issue an auditorâs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted</td></tr><tr><td colspan="1">in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can</td></tr><tr><td colspan="1">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</td></tr><tr><td colspan="1">users taken on the basis of these Financial Statements.</td></tr><tr><td colspan="1">As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgment and maintain</td></tr><tr><td colspan="1">professional skepticism throughout the audit. We also</td></tr><tr><td colspan="1">⢠Identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, design and perform audit procedures</td></tr><tr><td colspan="1">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</td></tr><tr><td colspan="1">material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions,</td></tr><tr><td colspan="1">misrepresentations, or the override of internal control.</td></tr><tr><td colspan="1">⢠Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances,</td></tr><tr><td colspan="1">but not for the purpose of expressing an opinion on the effectiveness of the Companyâs internal control.</td></tr><tr><td colspan="1">⢠Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.</td></tr><tr><td colspan="1">⢠Conclude on the appropriateness of Managementâs use of the going concern basis of accounting in preparing the Financial Statements and, based on</td></tr><tr><td colspan="1">the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Companyâs</td></tr><tr><td colspan="1">ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorâs report to the</td></tr><tr><td colspan="1">related disclosures in the Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit</td></tr><tr><td colspan="1">evidence obtained up to the date of our auditorâs report. However, future events or conditions may cause the Company to cease to continue as a going concern.</td></tr><tr><td colspan="1">⢠Evaluate the overall presentation, structure and contents of the Financial Statements, including the disclosures, and whether the Financial Statements</td></tr><tr><td colspan="1">represent the underlying transactions and events in a manner that gives a true and fair view.</td></tr><tr><td colspan="1">We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings,</td></tr><tr><td colspan="1">including any significant deficiencies in internal control that we identify during our audit.</td></tr><tr><td colspan="1">We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate</td></tr><tr><td colspan="1">them all relationships and other matters that may reasonably thought to bear on our independence, and where applicable, actions taken to eliminate</td></tr><tr><td colspan="1">threats or safeguards applied.</td></tr><tr><td colspan="1">From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the Financial</td></tr><tr><td colspan="1">Statements of the current period and are therefore the key audit matters. We describe these matters in our Independent Auditorâs Report unless law or regulation</td></tr><tr><td colspan="1">precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our Independent</td></tr><tr><td colspan="1">Auditorâs Report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">REPORT ON COMPLIANCE WITH THE ESEF REGULATION</td></tr><tr><td colspan="1">As part of our audit of the Financial Statements of RIAS A/S we performed procedures to express an opinion on whether the annual report for the financial year</td></tr><tr><td colspan="1">1 October 2022 to 30 September 2023 with the file name RIAS-2023-09-30-en.xhtml is prepared, in all material respects, in compliance with the Commission</td></tr><tr><td colspan="1">Delegated Regulation (EU) 2019/815 on the European Single Electronic Format (ESEF Regulation) which includes requirements related to the preparation of the</td></tr><tr><td colspan="1">annual report in XHTML format and iXBRL tagging of the Financial Statements.</td></tr><tr><td colspan="1">Management is responsible for preparing an annual report that complies with the ESEF Regulation. This responsibility includes</td></tr><tr><td colspan="1">⢠The preparing of the annual report in XHTML format;</td></tr><tr><td colspan="1">⢠The selection and application of appropriate iXBRL tags, including extensions to the ESEF taxonomy and the anchoring thereof</td></tr><tr><td colspan="1">to elements in the taxonomy, for financial information required to be tagged using judgement where necessary;</td></tr><tr><td colspan="1">⢠Ensuring consistency between iXBRL tagged data and the Financial Statements presented in human readable format; and</td></tr><tr><td colspan="1">⢠For such internal control as Management determines necessary to enable the preparation of an annual report that is compliant with the ESEF Regulation.</td></tr><tr><td colspan="1">Our responsibility is to obtain reasonable assurance on whether the annual report is prepared, in all material respects, in compliance with the ESEF Regulation</td></tr><tr><td colspan="1">based on the evidence we have obtained, and to issue a report that includes our opinion. The nature, timing and extent of procedures selected depend on the</td></tr><tr><td colspan="1">auditorâs judgement, including the assessment of the risks of material departures from the requirements set out in the ESEF Regulation, whether due to fraud or</td></tr><tr><td colspan="1">error. The procedures include</td></tr><tr><td colspan="1">⢠Testing whether the annual report is prepared in XHTML format;</td></tr><tr><td colspan="1">⢠Obtaining an understanding of the companyâs iXBRL tagging process and of internal control over the tagging process;</td></tr><tr><td colspan="1">⢠Evaluating the completeness of the iXBRL tagging of the Financial Statements;</td></tr><tr><td colspan="1">⢠Evaluating the appropriateness of the companyâs use of iXBRL elements selected from the ESEF taxonomy and the</td></tr><tr><td colspan="1">creation of extension elements where no suitable element in the ESEF taxonomy has been identified;</td></tr><tr><td colspan="1">⢠Evaluating the use of anchoring of extension elements to elements in the ESEF taxonomy; and</td></tr><tr><td colspan="1">⢠Reconciling the iXBRL tagged data with the audited Financial Statements.</td></tr><tr><td colspan="1">In our opinion, the annual report of RIAS A/S for the financial year 1 October 2022 to 30 September 2023 with the file name RIAS-2023-09-30-en.xhtml is prepared,</td></tr><tr><td colspan="1">in all material respects, in compliance with the ESEF Regulation.</td></tr></table></arr:AuditorsReportOnXbrlTagging>
<arr:SignatureOfAuditorsPlace contextRef="ctx1" xml:lang="da">Roskilde</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx1">2023-12-12</arr:SignatureOfAuditorsDate>
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rsrapport</gsd:InformationOnTypeOfSubmittedReport>
<gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="ctx1">44065118</gsd:IdentificationNumberCvrOfSubmittingEnterprise>
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<gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="ctx1" xml:lang="da">Industrivej 11</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
<gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="ctx1" xml:lang="da">4000 Roskilde</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
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<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx2" xml:lang="da">Astrid Meicherczyk (Chairman)</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx3" xml:lang="da">Peter Sørensen (Vice-chairman)</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx4" xml:lang="da">Nicolas Neuwirth (Board member)</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx5" xml:lang="da">Dieter Wetzel (Board Member)</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx6" xml:lang="da">Jette Duus (Employee Representative)</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx7" xml:lang="da">June Svendsen (Employee Representative)</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx8" xml:lang="da">Karsten Due</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx8" xml:lang="da">CEO</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx9" xml:lang="da">Dannie Michaelsen</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
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<ifrs-dk:CustomerRelationships contextRef="ctx12" unitRef="vDKK" decimals="-3">88000</ifrs-dk:CustomerRelationships>
<ifrs-full:ComputerSoftware contextRef="ctx12" unitRef="vDKK" decimals="-3">179000</ifrs-full:ComputerSoftware>
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<ifrs-dk:RightofuseAssets contextRef="ctx12" unitRef="vDKK" decimals="-3">11809000</ifrs-dk:RightofuseAssets>
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<ifrs-full:Inventories contextRef="ctx12" unitRef="vDKK" decimals="-3">24205000</ifrs-full:Inventories>
<ifrs-full:TradeAndOtherCurrentReceivables contextRef="ctx12" unitRef="vDKK" decimals="-3">67299000</ifrs-full:TradeAndOtherCurrentReceivables>
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<ifrs-full:CurrentAssets contextRef="ctx12" unitRef="vDKK" decimals="-3">131432000</ifrs-full:CurrentAssets>
<ifrs-full:Assets contextRef="ctx12" unitRef="vDKK" decimals="-3">254170000</ifrs-full:Assets>
<ifrs-full:IssuedCapital contextRef="ctx12" unitRef="vDKK" decimals="-3">23063000</ifrs-full:IssuedCapital>
<easy:RevaluationReserve contextRef="ctx12" unitRef="vDKK" decimals="-3">1898000</easy:RevaluationReserve>
<ifrs-full:RetainedEarnings contextRef="ctx12" unitRef="vDKK" decimals="-3">149748000</ifrs-full:RetainedEarnings>
<ifrs-dk:DividendAvailableForDistribution contextRef="ctx12" unitRef="vDKK" decimals="-3">11532000</ifrs-dk:DividendAvailableForDistribution>
<ifrs-full:Equity contextRef="ctx12" unitRef="vDKK" decimals="-3">186241000</ifrs-full:Equity>
<ifrs-full:DeferredTaxLiabilities contextRef="ctx12" unitRef="vDKK" decimals="-3">9464000</ifrs-full:DeferredTaxLiabilities>
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<ifrs-full:NoncurrentLiabilities contextRef="ctx12" unitRef="vDKK" decimals="-3">17163000</ifrs-full:NoncurrentLiabilities>
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<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="ctx12" unitRef="vDKK" decimals="-3">3511000</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:CurrentLiabilities contextRef="ctx12" unitRef="vDKK" decimals="-3">50766000</ifrs-full:CurrentLiabilities>
<ifrs-full:Liabilities contextRef="ctx12" unitRef="vDKK" decimals="-3">67929000</ifrs-full:Liabilities>
<ifrs-full:EquityAndLiabilities contextRef="ctx12" unitRef="vDKK" decimals="-3">254170000</ifrs-full:EquityAndLiabilities>
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<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx13" xml:lang="da">Cash flows from operating activities before changes in working capital</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx13" unitRef="vDKK" decimals="-3">25711000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx14" xml:lang="da">Cash flows from operating activities before changes in working capital</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx14" unitRef="vDKK" decimals="-3">30386000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx15" xml:lang="da">Cash flows before financial income and expenses and tax</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
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<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx16" xml:lang="da">Cash flows before financial income and expenses and tax</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx16" unitRef="vDKK" decimals="-3">27740000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
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<ifrs-full:CashAndCashEquivalents contextRef="ctx18" unitRef="vDKK" decimals="-3">27084000</ifrs-full:CashAndCashEquivalents>
<cmn:NameOfAuditFirm contextRef="ctx19" xml:lang="da">BDO Statsautoriseret revisionsaktieselskab</cmn:NameOfAuditFirm>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx19">20222670</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameAndSurnameOfAuditor contextRef="ctx19" xml:lang="da">Ferass Hamade</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx19" xml:lang="da">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx19">mne35441</cmn:IdentificationNumberOfAuditor>
</xbrli:xbrl>