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| ifrs-full:Assets | 2023-12-31 | 342193000 | dkk |
| ifrs-full:Assets | 2022-12-31 | 384057000 | dkk |
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<mrv:StatementOfCorporateSocialResponsibility contextRef="ctx-1" id="s8_notesesefdkgaap__7__25" xml:lang="en">3.2 CORPORATE SOCIAL RESPONSIBILITYReport on Corporate SocialResponsibility, cf. Section 99a of the Danish Financial Statements ActSKAKO strives to operate its business in a responsible manner and wants tocomply with the legislation in all the countries where operations are conducted.Furthermore, compliance with Human Rights and consideration for theenvironment are considerable focus areas for the Group. SKAKOâs work withcorporate social responsibility is based on value creation and risk management.SKAKO has chosen to focus its work on social responsibility within five areas:Environment, human rights, working environment, anti-corruption, and equality.The policies below have been approved by the Board of Directors.For a description of SKAKOs business model please see section 1.4.EnvironmentPolicySKAKO seeks to reduce its impact on the environment by reducingenergy consumption year by year. The Group is a know-how and engineeringcompany with production of key components. The production mainly consists ofassembling and testing and does not include energy-demanding or pollutingprocesses. All surface treatment processes are outsourced to sub-suppliers. A partof SKAKOâs supplier âCode of Conductâ addresses impact on the environment. Seeunder Human rights for more information about the supplier âCode of Conductâ.Furthermore, SKAKO actively seeks to reduce its energy consumption by,for example, installing LED lighting in its facilities. We are also currently exploringthe possibility of installing solar roof panels.ActionsSKAKO will reduce consumption of kWh year by year in its production sites.We expect, however, to see a small increase in consumed kWh in 2024 since weexpect a growth in activity compared to 2024.KPIConsumed kWh in production sites.Result for 2023 compared to goal for 2023SKAKOs consumption of kWh contains both continued and discontinued activities.SKAKO realized 7.0% lower consumption of kWh in 2023 compared to the goal of 850,000 kWh. The was due to the full year effect of switching to LED lighting and heating via heat pumps in Denmark and solar collectors in France as well as general focus on optimization of consumption in production.Results & goalsGoalfor2023Result 2023 Result 2022 Result 2021 Result 2020850,000 790,316 804,777 848,268 865,865Goal for 2024 is 505,000 kWh containing only Vibration activities.The new SKAKO Group aims to lower the consumption of kWh year by year even though the business is expected to grow.RisksIt is not possible to decrease energy consumption fast enough to due high growth in activities.Working environmentPolicyOur employees are our most valuable asset and key to providing high-qualityproducts and services to our customers. It is vital to SKAKOâs future success thatSKAKO is a safe, motivating and developing place to work.Actions1. The sick rate among employees is monitored and we follow up on employeeswith high absence.2. SKAKO will produce an annual employee satisfaction survey to monitor thedevelopment in employee satisfaction. Processes are in place to ensure thatlow-scoring departments receive guidance on how to improve employeesatisfaction.3. Number of on-the-job accidents is measured.4. All employees must have at least one yearly performance appraisal interview.KPIs1. The average sick rate among employees.2. An average employee satisfaction score of at least 3.5.3. Number of on-the-job accidents.4. Percentage of performance appraisal interviews each year.Results for 2023 compared to goals for 20231. SKAKO is revising its global setup for monitoring sick days.2. In 2023 an employee survey was performed.3. In 2023, SKAKO had 8 on-the-job accidents. Management does not find thissatisfactory although it has been minor on-the-job accidents and will keepworking on eliminating on-the-job accidents entirely.4. In 2023, we did not meet our target for appraisal interviews. As this is a vital partof the employee well-being, we will keep pushing for this.Results & goalsGoal for ResultResultResult Result 2023202320221* 6.0 5.0 5.5 8.4 7.82** >3.5 3.8 4.1 N/A 3.83 0 8 10 5 74 100% 85% 85% 85% 90%Continuing activitiesGoal for Result202420231* 5.0 5.02** >3.5 4.03 0 44 90% 80%Risks1. The rate of illness increases due to an epidemic.2. Internal information on corrective actions is not sufficient.3. Unintentional violations of safety standards.4. Performance appraisal interviews are not carried out on time due to business travels.*Measured as total number of sick days divided by the average number of employees in the year**On a scale from 1 to 5, where 5 is the most positive scoreAnti-corruption and briberyPolicySKAKO seeks to avoid corruption and bribery by creating a framework that securesthat employees at SKAKO are able to abide to laws and regulations, and that therewill never exist any doubt with regards to a SKAKO employeeâs impartiality.Actions1. SKAKO enforces a gift policy.2. SKAKO has introduced an internal whistle blower scheme to giveemployees the opportunity to report on corruption, bribery and other matterswhile being anonymous.3. SKAKO has developed an Employee âCode of Conductâ e-learningthat describes the way SKAKO expects all its employees to act in accordancewith laws and regulations. The employee âCode of Conductâ also describesusage of the whistle blower scheme. Every year all SKAKO employeesmust conduct the Employee âCode of Conductâ e-learning session.4. Maintain whistle blower scheme to also be available for external parties.KPIs2. No reported violations of anti-corruption laws and regulations, and SKAKO Employee Code of Conduct.3. All employees to pass SKAKOâs Employee âCode of Conductâ e-learning.Results for 2023 compared to goals for 20231. SKAKO A/S has maintained its gift policy throughout 2023.2. SKAKO A/S has received no reported violations of anti-corruption lawsand regulations, and SKAKO Employee Code of Conduct in 2023.3. 75% of SKAKO employees have passed the SKAKO Employee Code ofConduct e-learning. The main reason for the result not being 100% is newhires in late 2023 who did not complete the Code of Conduct session yet.4. In 2023, SKAKO has maintained the whistle blower scheme to also beavailable to external parties. Furthermore, the whistle blower scheme is partof the SKAKO Employee Code of Conduct e-learning.Results & goalsGoal for Result forResult forResult20242023202220212 0 0 0 03 100% 75% 80% 95%Risks2. Employees lack knowledge of the whistle blower scheme.3. Employee âCode of Conductâ e-learning is not prioritized.Human rightsPolicyTo SKAKO, respect of human rights is about the companyâs ownemployeesâ conditions and securing that suppliers and sub-suppliers deliverservices to the Group in a way that considers their employeesâ rights includingsafety and health.ActionsSKAKO has formulated a Supplier âCode of Conductâ that specifies principleswe expect our supplier to follow. This ensures that suppliers and their suppliersproduce and deliver their services to the Group in a way that considers theenvironment and the employeesâ rights.KPIThe part of our main suppliers that have signed our supplier âCode of Conductâ.Result for 2023 compared to goal for 2023SKAKO has not reached the goal of having all suppliers sign our code ofconduct. This will be another target in 2024 and forward. Code of Conduct forSKAKO Group is currently being revised and will be launched in summer 2024.Results & goalsGoal 2024Result for 2023Goal for 2022 Result 2022 Result 202195% 90% 95% 95% 85%RisksLack of transparency in compliance with SKAKOs Supplier âCode of Conductâ.</mrv:StatementOfCorporateSocialResponsibility>
<mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="ctx-2" id="s8_notesesefdkgaap__9__14" xml:lang="en">Equality, cf. Section 99b of the Danish Financial Statements ActPolicyAt SKAKO A/S we believe that a diverse and tolerant organization makesthe company stronger, increases the competitiveness and creates a goodand innovative working environment. We want to develop and benefit from thetotal potential of all employees and that all employees can develop their fullpotential in balance between working life and private life.At present, SKAKO A/S has one female board member who entered the Boardof Directors in April 2020 whereby SKAKO reached its goal of having at leastone female board member by 2023. However, the Board of Directors is aware thatthis still represents an underrepresentation and wants to support and contribute tothe part of female board members being increased. Considering SKAKO A/Sâsbusiness and the line of business within which SKAKO A/S is operating, the Board ofDirectors has set the specific goal that the part of women elected at the generalmeeting is to amount to at least 40% by 2027.In the view of the Board of Directors, this goal is an ambitious and realistic goal fora company within the lines of business in which SKAKO is operating as these lines ofbusiness traditionally do not have a large number of women neither in the board ofdirectors nor at the other management levels. Within the last 12 months wesucceeded in hiring one female manager who replaced a male manager. It is theplan of the Board of Directors to further increase the number of female managersin the years to come.Ultimately, SKAKO A/Sâs shareholders elect the Board of Directors at the companyâsgeneral assembly and consequently also determine the gender compositionof the Board of Directors. To the extent that the Board of Directors proposesnew candidates for the Board of Directors, the Board of Directors will regardgender as one separate parameter in order to reach the determined goal. Whencandidates are proposed for SKAKO A/Sâs Board of Directors, it is essential that themembers represent professional competences relevant to SKAKO A/S.It is SKAKOâs goal to increase the part of women in the management groupwithin a three-year period. SKAKO A/S will reach the goal by requiring candidates ofboth genders in the recruiting phase and by taking into account theunderrepresented gender at succession planning. SKAKO works very intentionallyon showing multiplicity in its marketing to signal that the company wants to reflectthe society in its employee composition.Actions1. SKAKO actively seeks to recruit new employees of all ethnicities and genders.2. SKAKO seeks to have an improved gender distribution in employees andManagement.3. SKAKO seeks to have an improved gender distribution in the Board of Directors.There has been no change in the Board of Directors in 2023, and therefore the search of the market for relevant candidates of the underrepresented gender has not been relevant.KPIs1. Share of the underrepresented gender among all employees.2. Share of the underrepresented gender among all managers.3. Share of the underrepresented gender in Management. 4. Share of the underrepresented gender in the Board of Directors.Results for 2023 compared to goals for 20231. In 2023, SKAKO is status quo, compared to 2022. However, the goal has notyet been realized. According to our policy this will be a continuous focus forSKAKO.2. In 2023, SKAKO is status quo, compared to 2022. However, the goal has notyet been realized. According to our policy this will be a continuous focus forSKAKO.3. In 2023, SKAKO is status quo, compared to 2022. Target has not been achieved,but will be part of the evaluation criteria for future recruitments tomanagement4. In 2023, the Board of Directors remained unchanged, with one female boardmember.Results & goalsGoal for Result Result Result Result Result 2024202320222021202020191 20%women17% women17% women 17% women 17% women 14% women2 20%women6% womenn/a n/a n/a n/a3 20%women0% women17% women 17% women 17% women 13% women4 20%women20% women20% women 20% women 20% women 0% womenRisks⢠We will not reach our targets because SKAKOâs industry is historically a male-dominated industry with limited access to female candidates.2023Board of Directors5Underrepresented gender %20%Goal (target 2027) %40%Other management, members2Underrepresented gender %0%SKAKO A/S is below 50 employees and therefor there are no goal for other management.</mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
<mrv:StatusOfAchievementOfTargetFigureOfUnderrepresentedGenderBoardOfDirectors contextRef="ctx-2" id="s8_notesesefdkgaap__9__17" xml:lang="en">At present, SKAKO A/S has one female board member who entered the Boardof Directors in April 2020 whereby SKAKO reached its goal of having at leastone female board member by 2023. However, the Board of Directors is aware thatthis still represents an underrepresentation and wants to support and contribute tothe part of female board members being increased. Considering SKAKO A/Sâsbusiness and the line of business within which SKAKO A/S is operating, the Board ofDirectors has set the specific goal that the part of women elected at the generalmeeting is to amount to at least 40% by 2027.</mrv:StatusOfAchievementOfTargetFigureOfUnderrepresentedGenderBoardOfDirectors>
<mrv:InformationOnEqualDistributionOfWomenAndMenBoardOfDirectors contextRef="ctx-2" id="s8_notesesefdkgaap__9__19" xml:lang="en">Ultimately, SKAKO A/Sâs shareholders elect the Board of Directors at the companyâsgeneral assembly and consequently also determine the gender compositionof the Board of Directors. To the extent that the Board of Directors proposesnew candidates for the Board of Directors, the Board of Directors will regardgender as one separate parameter in order to reach the determined goal. Whencandidates are proposed for SKAKO A/Sâs Board of Directors, it is essential that themembers represent professional competences relevant to SKAKO A/S</mrv:InformationOnEqualDistributionOfWomenAndMenBoardOfDirectors>
<mrv:PrimaryActionsForFulfillmentOfTargetFigureOfUnderrepresentedGenderBoardOfDirectors contextRef="ctx-2" id="s8_notesesefdkgaap__9__18" xml:lang="en">Ultimately, SKAKO A/Sâs shareholders elect the Board of Directors at the companyâsgeneral assembly and consequently also determine the gender compositionof the Board of Directors. To the extent that the Board of Directors proposesnew candidates for the Board of Directors, the Board of Directors will regardgender as one separate parameter in order to reach the determined goal. Whencandidates are proposed for SKAKO A/Sâs Board of Directors, it is essential that themembers represent professional competences relevant to SKAKO A/S</mrv:PrimaryActionsForFulfillmentOfTargetFigureOfUnderrepresentedGenderBoardOfDirectors>
<mrv:InformationOnEqualDistributionOfWomenAndMenOtherManagementLevels contextRef="ctx-2" id="s8_notesesefdkgaap__9__22" xml:lang="en">It is SKAKOâs goal to increase the part of women in the management groupwithin a three-year period. SKAKO A/S will reach the goal by requiring candidates ofboth genders in the recruiting phase and by taking into account theunderrepresented gender at succession planning. SKAKO works very intentionallyon showing multiplicity in its marketing to signal that the company wants to reflectthe society in its employee composition.</mrv:InformationOnEqualDistributionOfWomenAndMenOtherManagementLevels>
<mrv:StatementOfThePolicyToIncreaseThePercentageOfUnderrepresentedGenderOtherManagementLevels contextRef="ctx-2" id="s8_notesesefdkgaap__9__21" xml:lang="en">It is SKAKOâs goal to increase the part of women in the management groupwithin a three-year period. SKAKO A/S will reach the goal by requiring candidates ofboth genders in the recruiting phase and by taking into account theunderrepresented gender at succession planning. SKAKO works very intentionallyon showing multiplicity in its marketing to signal that the company wants to reflectthe society in its employee composition.</mrv:StatementOfThePolicyToIncreaseThePercentageOfUnderrepresentedGenderOtherManagementLevels>
<mrv:ReasonForNotFulfillingTheTargetFigureOfUnderrepresentedGenderBoardOfDirectors contextRef="ctx-2" id="s8_notesesefdkgaap__9__20" xml:lang="en">We will not reach our targets because SKAKOâs industry is historically a male-dominated industry with limited access to female candidates.</mrv:ReasonForNotFulfillingTheTargetFigureOfUnderrepresentedGenderBoardOfDirectors>
<mrv:TotalNumberOfMembersOfBoardOfDirectorsExcludingEmployeeelectedMembers contextRef="ctx-4"
decimals="0"
id="s8_notesesefdkgaap__9__7"
unitRef="pure">5</mrv:TotalNumberOfMembersOfBoardOfDirectorsExcludingEmployeeelectedMembers>
<mrv:PercentageOfUnderrepresentedGenderBoardOfDirectors contextRef="ctx-4"
decimals="2"
id="s8_notesesefdkgaap__9__8"
unitRef="pure">0.20</mrv:PercentageOfUnderrepresentedGenderBoardOfDirectors>
<mrv:YearOfFulfillmentOfTargetFigureOfUnderrepresentedGenderBoardOfDirectors contextRef="ctx-4" id="s8_notesesefdkgaap__9__9" xml:lang="en">2027</mrv:YearOfFulfillmentOfTargetFigureOfUnderrepresentedGenderBoardOfDirectors>
<mrv:TargetFigureInPercentageOfUnderrepresentedGenderBoardOfDirectors contextRef="ctx-4"
decimals="2"
id="s8_notesesefdkgaap__9__10"
unitRef="pure">0.40</mrv:TargetFigureInPercentageOfUnderrepresentedGenderBoardOfDirectors>
<mrv:TotalNumberOfOtherManagementLevels contextRef="ctx-4"
decimals="0"
id="s8_notesesefdkgaap__9__11"
unitRef="pure">2</mrv:TotalNumberOfOtherManagementLevels>
<mrv:PercentageOfUnderrepresentedGenderOtherManagementLevels contextRef="ctx-4"
decimals="2"
id="s8_notesesefdkgaap__9__12"
unitRef="pure">0.00</mrv:PercentageOfUnderrepresentedGenderOtherManagementLevels>
<mrv:InformationOnExemptFromProvidingInformationOnTargetFiguresOfUnderrepresentedGenderForOtherManagementLevelsDueToTheNumberOfEmployees contextRef="ctx-2" id="s8_notesesefdkgaap__9__13" xml:lang="en">SKAKO A/S is below 50 employees and therefor there are no goal for other management.</mrv:InformationOnExemptFromProvidingInformationOnTargetFiguresOfUnderrepresentedGenderForOtherManagementLevelsDueToTheNumberOfEmployees>
<mrv:StatementOfTheDiversityPolicies contextRef="ctx-1" id="s8_notesesefdkgaap__7__26" xml:lang="en">Diversity, cf. Section 107d of the Danish Financial Statements ActPolicyAt SKAKO A/S we believe that a diverse and tolerant organizatiothe company stronger, increases the competitiveness and creates a goodand innovative working environment. We want to develop and benefit from thetotal potential of all employees and that all employees can develop their fullpotential in balance between working life and private life. Therefore, nodiscrimination based on gender, religion, ethnicity, sexual orientation, etc. istolerated in SKAKO. When recruiting members to the SKAKO management team, weare convinced that diversity will add value to the company.To make sure all employees and management in SKAKO comply withSKAKOs policies of tolerance and inclusion, we have established an Employee âCodeof Conductâ e-learning that describes the way SKAKO expects all its employees toact in accordance with our policies, and laws and regulations.Actions1. SKAKO has developed an Employee âCode of Conductâ e-learningthat describes the way SKAKO expects all its employees to act in accordancewith laws and regulations. The employee âCode of Conductâ also describesusage of the whistle blower scheme. Every year all SKAKO employees mustcarry through the Employee âCode of Conductâ e-learning. The e-learningprovides the management with insight on how to secure diversity in theorganization and on management level.2. Enhance the awareness in the SKAKO management team on the benefits ofdiversity. This could be in a workshop with this specific purposeKPIs1. All employees to pass SKAKOâs Employee âCode of Conductâ e-learning.Results for 2023 compared to goals for 20231. 75% of SKAKO employees have passed the SKAKO Employee Code of Conduct e-learning.Results & goalsGoal for Result Result Result Result 202420232022202120201 100% 75% 80% 95% 90%Risks1. Employee âCode of Conductâ e-learning is not prioritized.</mrv:StatementOfTheDiversityPolicies>
<mrv:StatementOfPolicyForDataEthics contextRef="ctx-1" id="s8_notesesefdkgaap__7__27" xml:lang="en">Data ethics (§99d Ã
RL)PolicyAt SKAKO A/S we are acting with responsibility, when it comes to data ethics. Thisapplies to all data, i.e. business intelligence data, employee information andsupplier/ customer information. We have defined eight basic principles of workingwith data:Welfare: Data on society, democracy and social relations are treated withrespect.Dignity: Treatment of data may not be used to harm an individual.Privacy: Any data treatment shall respect privacy and personal data shallbe protected. It should always be considered what data arenecessary and what are the sources of the data.Own rights: The individual should always have the right to obtain informationon what data are stored and know for what purpose the data areintended.Equality: Treatment of data may not discriminate with regards toethnicity, sexuality, sex, political opinions, religion, generical data,disability or other health related information.Justice: Treatment of data is performed with responsibility to locallegislation.Data security: Treatment of data shall be sufficiently safe, robust and reliable.Data shall be stored and shared in way that unintendedavailability for unauthorized use is impossible.Responsibility: SKAKO is responsible for data collected, stored and distributedby SKAKO.Actions1. Continuously communicate the basic principles of data ethics to SKAKO staff.2. Implement annual review of data stored in CRM system.3. Secure that all customers and suppliers are confirming their consent with data stored in CRM.</mrv:StatementOfPolicyForDataEthics>
<mrv:LinkToCorporateGovernanceReport contextRef="ctx-1" id="s8_notesesefdkgaap__7__24" xml:lang="en">https://skako.com/about/investor-relations/</mrv:LinkToCorporateGovernanceReport>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-32" id="s8_notesesefdkgaap__7__53" xml:lang="en">Thomas Pedersen</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-32" id="s8_notesesefdkgaap__7__54" xml:lang="en">Group CFO</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-33" id="s8_notesesefdkgaap__7__55" xml:lang="en">Jens Wittrup Willumsen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-33" id="s8_notesesefdkgaap__7__56" xml:lang="en">Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-36" id="s8_notesesefdkgaap__7__60" xml:lang="en">Christian Herskind Jørgensen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-35" id="s8_notesesefdkgaap__7__59" xml:lang="en">Carsten Krogsgaard Thomsen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-34" id="s8_notesesefdkgaap__7__57" xml:lang="en">Lars Tveen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-34" id="s8_notesesefdkgaap__7__58" xml:lang="en">Deputy Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx-1" id="s8_notesesefdkgaap__7__48" xml:lang="en">Today, we have discussed and approved the Annual Report 2023 of SKAKO A/S forthe financial year 1 January to 31 December 2023.The annual report has been prepared and presented in accordance with IFRS accounting standards as adopted by the EU and further requirements in the DanishFinancial Statement Act.In our opinion, the consolidated financial statements and the parent companyfinancial statements give a true and fair view of the Groupâs and the parentcompanyâs assets, liabilities and financial position on 31 December 2023 and of theresults of the Groupâs and the parent companyâs operations and cash flows for thefinancial year 1 January to 31 December 2023.Further, in our opinion the Managementâs report includes a fair view of thedevelopment and performance of the Groupâs and the parent companyâs businessand financial condition, the profit for the year and of the Groupâs and the parentcompanyâs financial position, together with a description of the principal risks anduncertainties that the Group and the parent company face.In our opinion, the annual report of SKAKO A/S for the financial year 1 January to 31 December 2023 with the file name 529900WNR3U8C847AW24-2023-12-31-en.zipis prepared, in all material respects, in compliance with the ESEF Regulation.We recommend the Annual Report for 2023 be approved at the Annual GeneralMeeting.</sob:StatementByExecutiveAndSupervisoryBoards>
<sob:PlaceOfSignatureOfStatement contextRef="ctx-1" id="s8_notesesefdkgaap__7__49" xml:lang="en">Faaborg</sob:PlaceOfSignatureOfStatement>
<sob:DateOfApprovalOfAnnualReport contextRef="ctx-1" id="s8_notesesefdkgaap__7__50">2024-03-14</sob:DateOfApprovalOfAnnualReport>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-37" id="s8_notesesefdkgaap__7__61" xml:lang="en">Sophie Louise Knauer</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-31" id="s8_notesesefdkgaap__7__51" xml:lang="en">Lionel Girieud</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-31" id="s8_notesesefdkgaap__7__52" xml:lang="en">Director</cmn:TitleOfMemberOfExecutiveBoard>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx-1" id="s8_notesesefdkgaap__7__63" xml:lang="en">To the shareholders of SKAKO A/S</arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx-1" id="s8_notesesefdkgaap__7__64" xml:lang="en">Our opinionIn our opinion, the Consolidated Financial Statements and the Parent CompanyFinancial Statements give a true and fair view of the Groupâs and the ParentCompanyâs financial position at 31 December 2023 and of the results of theGroupâs and the Parent Companyâs operations and cash flows for the financial year1 January to 31 December 2023 in accordance with IFRS Accounting Standards asadopted by the EU and further requirements in the Danish Financial StatementsAct.Our opinion is consistent with our Auditorâs Long-form Report to the AuditCommittee and the Board of Directors.What we have auditedThe Consolidated Financial Statements and Parent Company Financial Statementsof SKAKO A/S for the financial year 1 January to 31 December 2023 compriseincome statement and statement of comprehensive income, balance sheet, cashflow statement, statement of changes in equity and notes, including materialaccounting policy information for the Group as well as for the Parent Company.Collectively referred to as the âFinancial Statementsâ.</arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx-1" id="s8_notesesefdkgaap__7__65" xml:lang="en">Basis for opinionWe conducted our audit in accordance with International Standards on Auditing(ISAs) and the additional requirements applicable in Denmark. Our responsibilitiesunder those standards and requirements are further described in the Auditorâsresponsibilities for the audit of the Financial Statements section of our repo rt.We believe that the audit evidence we have obtained is sufficient and appropriateto provide a basis for our opinion.IndependenceWe are independent of the Group in accordance with the International EthicsStandards Board for Accountantsâ International Code of Ethics for ProfessionalAccountants (IESBA Code) and the additional ethical requirements applicable inDenmark. We have also fulfilled our other ethical responsibilities in accordancewith these requirements and the IESBA Code.To the best of our knowledge and belief, prohibited non-audit services referred toin Article 5(1) of Regulation (EU) No 537/2014 were not provided.AppointmentWe were first appointed auditors of SKAKO A/S on 26 April 2012 for the financialyear 2012. We have been reappointed annually by shareholder resolution for atotal period of uninterrupted engagement of 12 years including the financial year2023. We were reappointed following a tendering procedure at the GeneralMeeting on 19 April 2022.</arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:KeyAuditMattersAudit contextRef="ctx-1" id="s8_notesesefdkgaap__7__66" xml:lang="en">Key audit mattersKey audit matters are those matters that, in our professional judgement, were of most significance in our audit of the Financial Statements for 2023. These matters wereaddressed in the context of our audit of the Financial Statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on thesematters.Key audit matter How our audit addressed the key audit matterRevenue recognition from construction contractsRevenue from customer contracts is recognized over time. The proportion ofrevenue to be recognized in a particular period is calculated according to thepercentage of completion of the project. This is measured by reference to thecosts of performing the contract incurred up to the relevant balance sheet date asa percentage of the total estimated costs of performing the contract.Contract assets amounted to DKK 38 million (2022: DKK 64 million) net andcontract liabilities amounted to DKK 3 million (2022: DKK 47 million) net.Recognition of the Groupâs revenue involves a high degree of subjectivity indetermining significant assumptions for the total estimated costs for thecontracts.We focused on this area, as recognition of revenue involves judgements made byManagement originating from percentage of completion and estimated cost tocompletion.Reference is made to note 1 and 17.Deferred tax assetsAt 31 December 2023, the Group has recognized deferred tax assets of DKK 10million (2022: DKK 26 million).Management is required to exercise considerable judgement when determiningthe appropriate amount to capitalise in respect of deferred tax.We focused on this area as the amounts involved are significant and thevaluation of tax assets is dependent on highly subjective assumptions onbudgeted taxable income for the coming years.Reference is made to note 15.We considered the appropriateness of the Groupâs accounting policies forrevenue recognition and assessed compliance with applicable accountingstandards.We performed risk assessment procedures with the purpose of achieving anunderstanding of it-systems, procedures and relevant controls relating to revenuerecognition from construction contracts. In respect of controls, we assessedwhether these were designed and implemented effectively to address the risk ofmaterial misstatement.We performed substantive procedures over input data from contracts and costsallocated to projects.We assessed Managementâs estimated cost to completion and contributionmargin for construction contracts in order to evaluate the valuation ofconstruction contracts and recognized revenue. We compared the estimatedcontribution margins to actual contribution margins for finished projects and toprior yearâs estimates.We performed a retrospective analysis of Managementâs ability to assess the costto completion and expected contribution margin in prior years.We tested Managementâs estimated percentage of completion by assessingsubsequent development in costs allocated to the projects and Managementâsupdated estimates for cost to completion and contribution margin.We evaluated Managementâs method for estimating the deferred tax assets.In understanding and evaluating Managementâs method and assumptions weperformed a retrospective analysis of Managementâs ability to budget thetaxable income in prior years.Further, we examined the Groupâs budgets and projections for the comingyears including significant assumptions.We evaluated and challenged the adequacy of the significant assumptionsdetermined by Management in developing the accounting estimate.Key audit mattersDiscontinuing activityAs of 29 December 2023, SKAKO divested its Concrete activities. This transaction has a significant influence on the consolidated financial statements.The result of discontinuing activities for 2023 amounted to a profit of DKK 67 million, which comprises profits during the year from the Concrete business, profits from the sale and taxes.The determination of the results and taxes arising from the sale is dependent on the closing balance sheets of the discontinuing entities and the final purchase price, which are not fully settled with the buyer yet.We focused on this area as the closing balance sheets and results of the discontinuing entities as well as the final purchase price are subject to estimation uncertainty and negotiation, which affects the final results.Further the presentation and disclosures of the deconsolidation is complex and non-routine and therefore poses a significant risk of material misstatements in theConsolidated Financial Statements.Reference is made to note 10.We have audited material assets and liabilities in the closing balance sheets of thediscontinuing entities, including the split between continued and discontinuedactivities.We evaluated and challenged Managementâs accounting estimates in the closingbalance sheets, which affects the results of the discontinuing activities as well asthe estimated purchase price.We audited the income statement of the discontinuing activities for the perioduntil the divestment, which forms part of the accumulated results fromdiscontinuing activities.Further, we audited Managementâs determination of the preliminary purchaseprice including significant assumptions in the contract between SKAKO and thebuyer of the discontinued activities.We assessed the appropriateness of the related presentation and disclosuresfrom the deconsolidation provided in the Consolidated Financial Statements.</arr:KeyAuditMattersAudit>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx-1" id="s8_notesesefdkgaap__7__68" xml:lang="en">Managementâs responsibilities for the Financial StatementsManagement is responsible for the preparation of consolidated financial statements andparent company financial statements that give a true and fair view in accordance with IFRSAccounting Standards as adopted by the EU and further requirements in the DanishFinancial Statements Act, and for such internal control as Management determines isnecessary to enable the preparation of financial statements that are free from materialmisstatement, whether due to fraud or error.In preparing the Financial Statements, Management is responsible for assessing the Groupâsand the Parent Companyâs ability to continue as a going concern, disclosing, as applicable,matters related to going concern and using the going concern basis of accounting unlessManagement either intends to liquidate the Group or the Parent Company or to ceaseoperations, or has no realistic alternative but to do so.A</arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx-1" id="s8_notesesefdkgaap__7__67" xml:lang="en">Statement on Managementâs ReviewManagement is responsible for Managementâs Review.Our opinion on the Financial Statements does not cover Managementâs Review, and we donot express any form of assurance conclusion thereon.In connection with our audit of the Financial Statements, our responsibility is to readManagementâs Review and, in doing so, consider whether Managementâs Review ismaterially inconsistent with the Financial Statements or our knowledge obtained in theaudit, or otherwise appears to be materially misstated.Moreover, we considered whether Managementâs Review includes the disclosures requiredby the Danish Financial Statements Act.Based on the work we have performed, in our view, Managementâs Review is in accordancewith the Consolidated Financial Statements and the Parent Company Financial Statementsand has been prepared in accordance with the requirements of the Danish FinancialStatements Act. We did not identify any material misstatement in Managementâs Review.</arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx-1" id="s8_notesesefdkgaap__7__69" xml:lang="en">uditorâs responsibilities for the audit of the Financial StatementsOur objectives are to obtain reasonable assurance about whether the FinancialStatements as a whole are free from material misstatement, whether due to fraudor error, and to issue an auditorâs report that includes our opinion. Reasonableassurance is a high level of assurance, but is not a guarantee that an auditconducted in accordance with ISAs and the additional requirements applicable inDenmark will always detect a material misstatement when it exists. Misstatementscan arise from fraud or error and are considered material if, individually or in theaggregate, they could reasonably be expected to influence the economic decisionsof users taken on the basis of these Financial Statements.As part of an audit in accordance with ISAs and the additional requirementsapplicable in Denmark, we exercise professional judgement and maintainprofessional scepticism throughout the audit. We also:⢠Identify and assess the risks of material misstatement of the FinancialStatements, whether due to fraud or error, design and perform auditprocedures responsive to those risks, and obtain audit evidence that issufficient and appropriate to provide a basis for our opinion. The risk of notdetecting a material misstatement resulting from fraud is higher than forone resulting from error, as fraud may involve collusion, forgery, intentionalomissions, misrepresentations, or the override of internal control.⢠Obtain an understanding of internal control relevant to the audit in order todesign audit procedures that are appropriate in the circumstances, but notfor the purpose of expressing an opinion on the effectiveness of the Groupâsand the Parent Companyâs internal control.⢠Evaluate the appropriateness of accounting policies used and thereasonableness of accounting estimates and related disclosures made byManagement.⢠Conclude on the appropriateness of Managementâs use of the going concernbasis of accounting and based on the audit evidence obtained, whether amaterial uncertainty exists related to events or conditions that may castsignificant doubt on the Groupâs and the Parent Companyâs ability to continueas a going concern. If we conclude that a material uncertainty exists, we arerequired to draw attention in our auditorâs report to the related disclosures inthe Financial Statements or, if such disclosures are inadequate, to modify ouropinion. Our conclusions are based on the audit evidence obtained up to thdate of our auditorâs report. However, future events or conditions may causethe Group or the Parent Company to cease to continue as a going concern.⢠Evaluate the overall presentation, structure and content of the Financial Statements, including the disclosures, and whether the Financial Statements represent the underlying transactions and events in a manner that gives a true and fair view.⢠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 responsible for our audit opinion.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.We also provide those charged with governance 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 independence 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 Financial Statements of the current period and are therefore the key audit matters. We describe these matters in our auditorâs report unless law or regulation precludes public disclosure about the matter.</arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx-1" id="s8_notesesefdkgaap__7__70" xml:lang="en">Report on compliance with the ESEF RegulationAs part of our audit of the Financial Statements we performed procedures toexpress an opinion on whether the annual report of SKAKO A/S for the financialyear 1 January to 31 December 2023 with the filename529900WNR3U8C847AW24-2023-12-31-en.zip is prepared, in all material respects,in compliance with the Commission Delegated Regulation (EU) 2019/815 on theEuropean Single Electronic Format (ESEF Regulation) which includes requirementsrelated to the preparation of the annual report in XHTML format and iXBRL taggingof the Consolidated Financial Statements including notes.Management is responsible for preparing an annual report that complies with theESEF Regulation. This responsibility includes:⢠The preparing of the annual report in XHTML format;⢠The selection and application of appropriate iXBRL tags, including extensionsto the ESEF taxonomy and the anchoring thereof to elements in thetaxonomy, for all financial information required to be tagged usingjudgement where necessary;⢠Ensuring consistency between iXBRL tagged data and the ConsolidatedFinancial Statements presented in human-readable format; and⢠For such internal control as Management determines necessary to enablethe preparation of an annual report that is compliant with the ESEFRegulation.Our responsibility is to obtain reasonable assurance on whether the annual reportis prepared, in all material respects, in compliance with the ESEF Regulation basedon 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 auditorâsjudgement, including the assessment of the risks of material departures from therequirements set out in the ESEF Regulation, whether due to fraud or error. Theprocedures include:⢠Testing whether the annual report is prepared in XHTML format;⢠Obtaining an understanding of the companyâs iXBRL tagging process and ofinternal control over the tagging process;⢠Evaluating the completeness of the iXBRL tagging of the ConsolidatedFinancial Statements including notes;⢠Evaluating the appropriateness of the companyâs use of iXBRL elementsselected from the ESEF taxonomy and the creation of extension elementswhere no suitable element in the ESEF taxonomy has been identified;⢠Evaluating the use of anchoring of extension elements to elements in theESEF taxonomy; and⢠Reconciling the iXBRL tagged data with the audited Consolidated FinancialStatements.In our opinion, the annual report of SKAKO A/S for the financial year 1 January to31 December 2023 with the file name 529900WNR3U8C847AW24-2023-12-31-en.zip is prepared, in all material respects, in compliance with the ESEF Regulation.</arr:AuditorsReportOnXbrlTagging>
<arr:SignatureOfAuditorsPlace contextRef="ctx-1" id="s8_notesesefdkgaap__7__71" xml:lang="en">Odense</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx-1" id="s8_notesesefdkgaap__7__72">2024-03-14</arr:SignatureOfAuditorsDate>
<cmn:NameOfAuditFirm contextRef="ctx-39" id="s8_notesesefdkgaap__7__75" xml:lang="en">PricewaterhouseCoopers StatsautoriseretRevisionspartnerselskab</cmn:NameOfAuditFirm>
<cmn:NameOfAuditFirm contextRef="ctx-38" id="s8_notesesefdkgaap__7__73" xml:lang="en">PricewaterhouseCoopers StatsautoriseretRevisionspartnerselskab</cmn:NameOfAuditFirm>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx-38" id="s8_notesesefdkgaap__7__74" xml:lang="en">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx-39" id="s8_notesesefdkgaap__7__76" xml:lang="en">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameAndSurnameOfAuditor contextRef="ctx-38" id="s8_notesesefdkgaap__7__77" xml:lang="en">Torben Jensen</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx-38" id="s8_notesesefdkgaap__7__78" xml:lang="en">State Authorized Public Accountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx-38" id="s8_notesesefdkgaap__7__79" xml:lang="en">mne18651</cmn:IdentificationNumberOfAuditor>
<cmn:NameAndSurnameOfAuditor contextRef="ctx-39" id="s8_notesesefdkgaap__7__80" xml:lang="en">Mikael Johansen</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx-39" id="s8_notesesefdkgaap__7__81" xml:lang="en">State Authorized Public Accountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx-39" id="s8_notesesefdkgaap__7__82" xml:lang="en">mne23318</cmn:IdentificationNumberOfAuditor>
<fsa:AverageNumberOfEmployees contextRef="ctx-1"
decimals="0"
id="s8_notesesefdkgaap__7__102"
unitRef="pure">115</fsa:AverageNumberOfEmployees>
<fsa:AverageNumberOfEmployees contextRef="ctx-40"
decimals="0"
id="s8_notesesefdkgaap__8__102"
unitRef="pure">112</fsa:AverageNumberOfEmployees>
<gsd:AddressOfReportingEntityStreetName contextRef="ctx-1" id="s8_notesesefdkgaap__7__208" xml:lang="en">Bygmestervej</gsd:AddressOfReportingEntityStreetName>
<gsd:AddressOfReportingEntityStreetBuildingIdentifier contextRef="ctx-1" id="s8_notesesefdkgaap__7__209" xml:lang="en">2</gsd:AddressOfReportingEntityStreetBuildingIdentifier>
<gsd:AddressOfReportingEntityCountryIdentificationCode contextRef="ctx-1" id="s8_notesesefdkgaap__7__210" xml:lang="en">DK</gsd:AddressOfReportingEntityCountryIdentificationCode>
<gsd:AddressOfReportingEntityPostCodeIdentifier contextRef="ctx-1" id="s8_notesesefdkgaap__7__211" xml:lang="en">5600</gsd:AddressOfReportingEntityPostCodeIdentifier>
<gsd:AddressOfReportingEntityDistrictName contextRef="ctx-1" id="s8_notesesefdkgaap__7__212" xml:lang="en">Faaborg</gsd:AddressOfReportingEntityDistrictName>
<gsd:AddressOfReportingEntityCountry contextRef="ctx-1" id="s8_notesesefdkgaap__7__213" xml:lang="en">Denmark</gsd:AddressOfReportingEntityCountry>
<gsd:TelephoneNumberOfReportingEntity contextRef="ctx-1" id="s8_notesesefdkgaap__7__214" xml:lang="en">+45 63 11 38 60</gsd:TelephoneNumberOfReportingEntity>
<gsd:EmailOfReportingEntity contextRef="ctx-1" id="s8_notesesefdkgaap__7__215" xml:lang="en">skako.dk@skako.com</gsd:EmailOfReportingEntity>
<gsd:HomepageOfReportingEntity contextRef="ctx-1" id="s8_notesesefdkgaap__7__216" xml:lang="en">www.skako.com</gsd:HomepageOfReportingEntity>
<gsd:IdentificationNumberCvrOfReportingEntity contextRef="ctx-1" id="s8_notesesefdkgaap__7__217" xml:lang="en">36440414</gsd:IdentificationNumberCvrOfReportingEntity>
<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx-1" xml:lang="en">Annual report</gsd:InformationOnTypeOfSubmittedReport>
<cmn:TypeOfAuditorAssistance contextRef="ctx-1" xml:lang="en">Auditor's report on audited financial statements</cmn:TypeOfAuditorAssistance>
<gsd:ToolForPreparingTheXBRLInstanceDocument contextRef="ctx-1" xml:lang="en">ParsePort XBRL Converter</gsd:ToolForPreparingTheXBRLInstanceDocument>
<gsd:ReportingPeriodStartDate contextRef="ctx-1" xml:lang="en">2023-01-01</gsd:ReportingPeriodStartDate>
<gsd:ReportingPeriodEndDate contextRef="ctx-1" xml:lang="en">2023-12-31</gsd:ReportingPeriodEndDate>
<gsd:PrecedingReportingPeriodStartDate contextRef="ctx-1" xml:lang="en">2022-01-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="ctx-1" xml:lang="en">2022-12-31</gsd:PredingReportingPeriodEndDate>
<gsd:LegalEntityIdentifierOfReportingEntity contextRef="ctx-1" xml:lang="en">529900WNR3U8C847AW24</gsd:LegalEntityIdentifierOfReportingEntity>
<fsa:ClassOfReportingEntity contextRef="ctx-1" xml:lang="en">Reporting class D</fsa:ClassOfReportingEntity>
<arr:TypeOfModifiedOpinionOnAuditedFinancialStatements contextRef="ctx-1" xml:lang="en">Opinion</arr:TypeOfModifiedOpinionOnAuditedFinancialStatements>
<arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements contextRef="ctx-1" xml:lang="en">Basis for Opinion</arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements>
</xbrli:xbrl>