Assets
| Type | Time | Amount | Unit |
|---|---|---|---|
| ifrs-full:Assets | 2024-03-31 | 8668000000 | dkk |
| ifrs-full:Assets | 2023-03-31 | 6280000000 | dkk |
Revenue
| Type | Start date | End date | Amount | Unit |
|---|---|---|---|---|
| ifrs-full:Revenue | 2023-04-01 | 2024-03-31 | 6701000000 | dkk |
| ifrs-full:Revenue | 2022-04-01 | 2023-03-31 | 4489000000 | dkk |
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<mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="ctx-2" id="s9_notesesefdkgaap__7__24" xml:lang="en">Gender diversity on the Board of Directors and in leadership positionsThis section constitutes the Companyâs reporting pursuant to section 99b and 107d of the Danish Financial Statements Act. Matas Group is committed to promoting gender diversity across all levels of the Group. The aim is to maintain an equal share (40%-60%) of both genders on Matas' Board of Directors in accord-ance with the provisions of the Danish Companies Act and the Danish Business Authority's guidance here on. Top Management Team:⢠Matas A/S top management consist of the Board of Directors. Matas A/S' Board of Director comprises of three women and three men, thereby fulfilling the requirement of gender balance.Other Management Levels:⢠Matas A/S' other management levels consist of 2 employees. Matas A/S' other management levels comprises 2 men. ⢠The Company has below 50 employees, conse-quently no policy for other managerial levels has been established.FY 2023/24Top Management TeamTotal number of members 6Underrepresented gender % 50Target figure % 40Year for meeting target 2023Other Management LevelsTotal number of members 2Underrepresented gender % 0Matas A/S only consists of 2 employees, which also constitute the other management levels, defined by regulation. To comply with the regula-tion, we report on the gender diversity of Matas A/S' other management team. However, as this does not indicate the general gender diversity across the Group, we have provided additional voluntary gender diversity reporting. Voluntary gender diversity reportingTo fully reflect gender diversity across Matas Group, we have chosen to provide additional reporting on the gender distribution of our top management teams. Our reporting is based on the composition of the management in Matas Group, which consists of employees in our Exec-utive Management Team of Matas Group and includes employees from our 2 largest subsid-iaries, Matas Operations A/S and KICKS Group AB. The reporting is found in our ESG report FY 2023/24 at https://matasgroup.com/esg/</mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
<mrv:InformationOnEqualDistributionOfWomenAndMenBoardOfDirectors contextRef="ctx-2" id="s9_notesesefdkgaap__7__25" xml:lang="en">Top Management Team:⢠Matas A/S top management consist of the Board of Directors. Matas A/S' Board of Director comprises of three women and three men, thereby fulfilling the requirement of gender balance.</mrv:InformationOnEqualDistributionOfWomenAndMenBoardOfDirectors>
<mrv:InformationOnExemptFromProvidingInformationOnTargetFiguresOfUnderrepresentedGenderForOtherManagementLevelsDueToTheNumberOfEmployees contextRef="ctx-2" id="s9_notesesefdkgaap__7__26-1" xml:lang="en">The Company has below 50 employees, conse-quently no policy for other managerial levels has been established.Matas A/S only consists of 2 employees, which also constitute the other management levels, defined by regulation. To comply with the regula-tion, we report on the gender diversity of Matas A/S' other management team. However, as this does not indicate the general gender diversity across the Group, we have provided additional voluntary gender diversity reporting.</mrv:InformationOnExemptFromProvidingInformationOnTargetFiguresOfUnderrepresentedGenderForOtherManagementLevelsDueToTheNumberOfEmployees>
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<mrv:StatementOfTheDiversityPolicies contextRef="ctx-1" id="s9_notesesefdkgaap__7__35" xml:lang="en">Diversity in Matas Group management Matas Group recognises the importance of a diverse workforce, including, but not limited to, the diverse representation of age, gender, nation-ality, ethnicity, international experience, and educational background. We believe that if we offer a workplace where diversity is valued and prioritised, we can support a high performing and engaged workforce that plays a significant role in the success of the Company.We recognise that diversity in the workforce can influence an inclusive corporate culture and we aim for our employees, as well as leadership management teams and Board of Directors to reflect the surrounding community. As a result, maintaining diversity on the Board of Directors is important, and explicitly signals our manage-rial values and priorities. The Board of Directors discusses diversity at Matas Groupâs manage-ment levels annually and sets measurable targets.In the financial year 2023/24, we have worked to support diversity among our employees and promote an inclusive corporate culture. With the appointment of a new board member, the Board of Directors received new experiences, expertise, and educational background, in addition to equal gender distribution.Our strong focus on promoting diversity is furthermore structurally prioritised in our recruit-ment processes. Consequently, job descriptions, job advertisements, screening of applicants and job interviews should not without due considera-tion be aimed at a particular gender, age ethnicity, disability, sexual orientation, or religion.</mrv:StatementOfTheDiversityPolicies>
<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx-1" id="s9_notesesefdkgaap__7__37" xml:lang="en">Statement by the Board of Directors and the Executive ManagementThe Board of Directors and Executive Board have today considered and adopted the Annual Report of Matas A/S for the financial year 1 April 2023 â 31 March 2024.The Consolidated Financial Statements and the Parent Company Financial Statements have been prepared in accordance with IFRS Accounting Standards as adopted by the EU and further requirements in the Danish Financial Statements Act. Managementâs Review has been prepared in accordance with the Danish Financial Statements Act and Article 8 of Regulation (EU) 2020/852 (EU Taxonomy Regulation). In our opinion, the Consolidated Financial State-ments and the Parent Company Financial State-ments give a true and fair view of the financial position at 31 March 2024 of the Group and the Parent Company and of the results of the Group and Parent Company operations and cash flows for 2023/24.In our opinion, Managementâs Review includes a true and fair account of the development in the operations and financial circumstances of the Group and the Parent Company, of the results for the year and of the financial position of the Group and the Parent Company as well as a descrip-tion of the most significant risks and elements of uncertainty facing the Group and the Parent Company.In our opinion, the Annual Report of Matas A/S for the financial year 1 April 2023 to 31 March 2024 with the file name Matas-2024-03-31-en.zip is prepared, in all material respects, in compliance with the ESEF Regulation.We recommend that the Annual Report be adopted at the Annual General Meeting.</sob:StatementByExecutiveAndSupervisoryBoards>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-42" id="s9_notesesefdkgaap__7__40" xml:lang="en">Gregers Wedell-Wedellsborg</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
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<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-43" id="s9_notesesefdkgaap__7__42" xml:lang="en">Per Johannesen Madsen</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
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<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-47" id="s9_notesesefdkgaap__7__49" xml:lang="en">Birgitte Nielsen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
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<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-44" id="s9_notesesefdkgaap__7__44" xml:lang="en">Lars Vinge Frederiksen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
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<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-49" id="s9_notesesefdkgaap__7__51" xml:lang="en">Henrik Taudorf Lorensen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
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<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx-1" id="s9_notesesefdkgaap__7__53" xml:lang="en">To the shareholders of Matas A/S</arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx-1" id="s9_notesesefdkgaap__7__54" xml:lang="en">Our opinionIn our opinion, the Consolidated Financial State-ments and the Parent Company Financial State-ments (pp 58 - 106) give a true and fair view of the Groupâs and the Parent Companyâs financial position at 31 March 2024 and of the results of the Groupâs and the Parent Companyâs opera-tions and cash flows for the financial year 1 April 2023 to 31 March 2024 in accordance with IFRS Accounting Standards as adopted by the EU and further requirements in the Danish Financial Statements Act.Our opinion is consistent with our Auditorâs Long-form Report to the Audit Committee and the Board of Directors.What we have auditedThe Consolidated Financial Statements and Parent Company Financial Statements of Matas A/S for the financial year 1 April 2023 to 31 March 2024 comprise statement of comprehensive income, statement of cash flows, statement of financial position, statement of changes in equity and notes, including material accounting policy information for the Group as well as for the Parent Company. Collectively referred to as the âFinan-cial Statementsâ.</arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx-1" id="s9_notesesefdkgaap__7__55" 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 responsibilities under those standards and requirements are further described in the Audi-torâs responsibilities for the audit of the Financial Statements section of our report. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.IndependenceWe are independent of the Group in accordance with the International Ethics Standards Board for Accountantsâ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark. We have also fulfilled our other ethical responsibilities in accordance with these require-ments and the IESBA Code.To the best of our knowledge and belief, prohib-ited non-audit services referred to in Article 5(1) of Regulation (EU) No 537/2014 were not provided. AppointmentWe were first appointed auditors of Matas A/S on 29 June 2023 for the financial year 2023/24. We have been appointed annually by shareholder resolution for a total period of uninterrupted engagement of 1 year including the financial year 2023/24.</arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:KeyAuditMattersAudit contextRef="ctx-1" id="s9_notesesefdkgaap__7__56" xml:lang="en">Key audit mattersKey audit matters are those matters that, in our professional judgement, were of most signifi-cance in our audit of the Financial Statements for 2023/24. These matters were addressed 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 these matters.Key audit matter Valuation of goodwillThe carrying amount of goodwill at 31 March 2024 amounts to DKK 4,096 million, corresponding to 47% of total assets.Goodwill must be tested for impairment at least annually, which is done by Management based on a discounted cash flow model. The significant assumptions are Managementâs view of prices, volumes, growth rates, costs, invest-ments and discount rates. We focused on this, as there is a high level of subjectivity in determining the significant assumptions and the models used are complex.The accounting treatment is described in notes 2 and 17 of the consolidated financial statements.Business combinationsOn 31 August 2023, Matas completed the acquisition of KICKS Group AB for a cash consideration of DKK 692 million.As part of the acquisition, Management is required to prepare a purchase price allocation (âPPAâ), whereby the identified assets and liabilities are separately recognised and valued at its fair value in the opening balance sheet. In order to determine the fair value of the separately identified assets and liabilities in the business combination, Management is required to perform significant judgements related to the fair value assessment of the relevant assets and liabilities.We focused on the PPA, as there is a high level of subjectivity in determining the fair value of the acquired assets and liabilities.The accounting treatment is described in note 29 of the consolidated financial statements.How our audit addressed the key audit matterOur audit procedures included performing risk assessment procedures to obtain an understanding of the methodology used by Management to assess the carrying amount of goodwill.We obtained impairment tests prepared by Management and evaluated the reasonableness of esti-mates and judgements made by Management in preparing these.We assessed the significant assumptions and challenged whether these are reasonable and supported by the most recently approved Management budgets, including expected future performance of the cash generating units (CGUs), and challenged whether these are appropriate in light of future macroe-conomic expectations in the markets.We made use of our internal valuation specialists in the audit and tested the mathematical accuracy of the relevant models prepared by Management. Furthermore, we assessed the appropriateness of disclosures in the Consolidated Financial Statements.Our audit procedures included performing risk assessment procedures to obtain an understanding of the methodology used by Management to assess the fair value of the identified assets and liabilities.We challenged the significant assumptions used to determine the fair value of the acquired assets and assumed liabilities.We assessed the reasonableness of the useful life of customer relationships, the applied revenue growth, profitability, royalty rates, discount rates as well as tested the mathematical accuracy of the relevant models prepared by Management.We involved our internal specialists in assessing the valuation methodologies applied by Management in the valuation of the acquired assets and liabilities in the PPA. Furthermore, we assessed the appropri-ateness of the disclosure in the Consolidated Financial Statements.</arr:KeyAuditMattersAudit>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx-1" id="s9_notesesefdkgaap__7__57" xml:lang="en">Statement on Managementâs ReviewManagement is responsible for Managementâs Review, pp 5 - 49 and 107 - 108.Our opinion on the Financial Statements does not cover Managementâs Review, and we do not express any form of assurance conclusion thereon.In connection with our audit of the Financial Statements, our responsibility is to read Manage-mentâs Review and, in doing so, consider whether Managementâs Review is materially inconsistent with the Financial Statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. Moreover, we considered whether Managementâs Review includes the disclosures required by the Danish Financial Statements Act and Article 8 of Regulation (EU) 2020/852 (EU Taxonomy Regula-tion). Based on the work we have performed, in our view, Managementâs Review is in accordance with the Consolidated Financial Statements and the Parent Company Financial Statements and has been prepared in accordance with the require-ments of the Danish Financial Statements Act and the disclosure requirements of Article 8 of Regu-lation (EU) 2020/852 (EU Taxonomy Regulation). We did not identify any material misstatement in Managementâs Review.</arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx-1" id="s9_notesesefdkgaap__7__58" xml:lang="en">Managementâs responsibilities for the Financial StatementsManagement is responsible for the preparation of consolidated financial statements and parent company financial statements that give a true and fair view in accordance with IFRS Accounting Standards as adopted by the EU and further requirements in the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.In preparing the Financial Statements, Manage-ment is responsible for assessing the Groupâs and 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 unless Management either intends to liquidate the Group or the Parent Company or to cease operations, or has no real-istic alternative but to do so.</arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx-1" id="s9_notesesefdkgaap__7__59" xml:lang="en">Auditorâs responsibilities for the audit of the Financial StatementsOur objectives are to obtain reasonable assur-ance about whether the Financial Statements as a whole are free from material misstatement, whether due to fraud 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 in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Financial Statements.As part of an audit in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also:⢠Identify and assess the risks of materialmisstatement of the Financial Statements,whether due to fraud or error, design andperform audit procedures responsive to thoserisks, and obtain audit evidence that is suffi-cient and appropriate to provide a basis forour opinion. The risk of not detecting a materialmisstatement resulting from fraud is higherthan for one resulting from error, as fraud mayinvolve collusion, forgery, intentional omissions,misrepresentations, or the override of internalcontrol.⢠Obtain an understanding of internal controlrelevant to the audit in order to design auditprocedures that are appropriate in the circum-stances, but not for the purpose of expressingan opinion on the effectiveness of the Groupâsand the Parent Companyâs internal control.⢠Evaluate the appropriateness of accountingpolicies used and the reasonableness ofaccounting estimates and related disclosuresmade by Management.⢠Conclude on the appropriateness of Manage-mentâs use of the going concern basis ofaccounting and based on the audit evidenceobtained, whether a material uncertaintyexists related to events or conditions thatmay cast significant doubt on the Groupâs andthe Parent Companyâs ability to continue as agoing concern. If we conclude that a materialuncertainty exists, we are required to drawattention in our auditorâs report to the relateddisclosures in the Financial Statements or, ifsuch disclosures are inadequate, to modifyour opinion. Our conclusions are based onthe audit evidence obtained up to the date ofour auditorâs report. However, future events orconditions may cause the Group or the ParentCompany to cease to continue as a goingconcern.⢠Evaluate the overall presentation, structure andcontent of the Financial Statements, includingthe disclosures, and whether the FinancialStatements represent the underlying transac-tions and events in a manner that gives a trueand fair view.⢠Obtain sufficient appropriate audit evidence regarding the financial information of the enti-ties or business activities within the Group to express an opinion on the Consolidated Finan-cial 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 rele-vant ethical requirements regarding independ-ence, and to communicate with them all relation-ships 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 disclo-sure about the matter.</arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx-1" id="s9_notesesefdkgaap__7__60" xml:lang="en">Report on compliance with the ESEF RegulationAs part of our audit of the Financial Statements we performed procedures to express an opinion on whether the annual report of Matas A/S for the financial year 1 April 2023 to 31 March 2024 with the filename Matas-2024-03-31-en.zip is prepared, in all material respects, in compliance with the Commission Delegated Regulation (EU) 2019/815 on the European Single Electronic Format (ESEF Regu-lation) which includes requirements related to the preparation of the annual report in XHTML format and iXBRL tagging of the Consolidated Financial Statements including notes.Management is responsible for preparing an annual report that complies with the ESEF Regulation. This responsibility includes:⢠The preparing of the annual report in XHTML format;⢠The selection and application of appropriate iXBRL tags, including extensions to the ESEF taxonomy and the anchoring thereof to elements in the taxonomy, for all financial infor-mation required to be tagged using judgement where necessary;⢠Ensuring consistency between iXBRL tagged data and the Consolidated Financial State-ments presented in human-readable format; and⢠For such internal control as Management deter-mines necessary to enable the preparation of an annual report that is compliant with the ESEF Regulation.Our responsibility is to obtain reasonable assur-ance on whether the annual report is prepared, in all material respects, in compliance with the ESEF Regulation based on the evidence we have obtained, and to issue a report that includes our opinion. The nature, timing and extent of proce-dures selected depend on the auditorâs judge-ment, including the assessment of the risks of material departures from the requirements set out in the ESEF Regulation, whether due to fraud or error. The procedures include:⢠Testing whether the annual report is prepared in XHTML format;⢠Obtaining an understanding of the companyâs iXBRL tagging process and of internal control over the tagging process;⢠Evaluating the completeness of the iXBRL tagging of the Consolidated Financial State-ments including notes;⢠Evaluating the appropriateness of the compa-nyâs use of iXBRL elements selected from the ESEF taxonomy and the creation of extension elements where no suitable element in the ESEF taxonomy has been identified; ⢠Evaluating the use of anchoring of extension elements to elements in the ESEF taxonomy; and⢠Reconciling the iXBRL tagged data with the audited Consolidated Financial Statements.In our opinion, the annual report of Matas A/S for the financial year 1 April 2023 to 31 March 2024 with the file name Matas-2024-03-31-en.zip is prepared, in all material respects, in compliance with the ESEF Regulation.</arr:AuditorsReportOnXbrlTagging>
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<cmn:NameAndSurnameOfAuditor contextRef="ctx-50" id="s9_notesesefdkgaap__7__67" xml:lang="en">Michael Groth Hansen</cmn:NameAndSurnameOfAuditor>
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