Gabriel_Annual_Report_2024-25 - Flipbook - Page 88
CONTENTS // CONSOLIDATED FINANCIAL STATEMENTS AND PARENT COMPANY FINANCIAL STATEMENTS // NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AND PARENT COMPANY FINANCIAL STATEMENTS
Profit/loss for the year from discontinued operations
11
FurnMaster (Poland and Lithuania)
New customers and expansion of existing customer relationships are expected to drive revenue growth. Growth and positive cash
flows delivered over the last few years, in particular in Lithuania, combined with budgets for 2025/26, underpin the expectation that
continued growth is realistic.
Production capacity and utilisation have increased significantly in Lithuania over the last few years.
CONSOLIDATED
Grupo RYL
Restructuring of FurnMaster in Mexico was initiated in the 2024/25 financial year with selected sales contracts being terminated and
the unit being adjusted to a lower level of activity. A number of other restructuring costs were thus incurred as a result of adaptation of
the organisation etc. The consequences of this process were a negative contribution to profit but also a reduction of the statement of
financial position, which increases the possibility of completing a sale of FurnMaster in Mexico. The restructuring forms the basis for an
increase in earnings and consequently future profitability.
Overall, revenue and EBIT sensitivity is judged to be within the high interval.
Deferred tax asset
The full value of deferred tax assets was DKK 26.3 million and related to the tax loss carryforwards in Grupo RYL. DKK 6.7 million of the
amount was recognised at 30 September 2025 (2023/24: DKK 6.5 million).
The company realised losses in 2024/25, and management has therefore made an assessment of the possibilities of utilising the tax
asset. No other deferred tax assets were capitalised in the financial year.
Grupo RYL’s capital structure was adapted in the 2024/25 financial year by converting intragroup debt to equity. Budgets/forecasts
have been prepared for the next five years. Projected earnings support realisation of the remaining deferred tax asset within five years
based on projected annual revenue growth of the order of 21% plus increasing earnings from goods. The forecasts are supported by
concrete action plans and analyses of customer potential and profitability.
10
Earnings/loss per share
CONSOLIDATED
PARENT COMPANY
tDKK
Profit/loss from continuing operations
Loss from discontinued operations
Profit/loss for the year after tax
2024/25
24,814
-17,347
7,467
2023/24
-1,453
-14,235
-15,688
2024/25
-
2023/24
-
Average number of shares
Average number of shares in circulation
1,890,000
1,890,000
1,890,000
1,890,000
-
-
4.0
4.0
13.1
13.1
-8.3
-8.3
-0.8
-0.8
Earnings/loss per share (EPS Basic)
Earnings/loss per share, diluted (EPS-D)
Earnings/loss per share from continuing operations
Earnings/loss per share from continuing operations, diluted
Intangible assets
tDKK
2024/25
Cost at 01.10,2024
Value adjustment
Brought forward
Additions during the year
Disposals during the year
Cost at 30.09,2025
Goodwill
Acquired
product
technology
assets
27,018
-1,191
25,827
15,779
-318
15,461
7,604
9
7,613
47,672
-282
7,446
693
-775
54,754
14,111
-7,446
6,262
-23
12,904
17,009
-4
1,422
18,427
Amortisation at 01.10,2024
Value adjustment
Disposals during the year
Amortisation for the year
Amortisation at 30.09,2025
Carrying amount
at 30.09,2025
-
11,585
-277
1,914
13,222
6,246
8
1,087
7,341
33,803
-203
-775
5,835
38,660
-
10,419
-4
2,337
12,752
25,827
2,239
272
16,094
12,904
5,675
51,228
843
-25,053
27,018
15,520
259
15,779
13,941
-343
-5,994
7,604
45,039
1,432
6,282
547
-5,628
47,672
18,513
-282
-6,282
8,109
-472
-5,475
14,111
17,515
49
2,524
-3,079
17,009
-
9,485
1,355
745
11,585
9,158
-245
1,971
-4,638
6,246
29,229
29
7,174
-2,629
33,803
472
-472
-
10,428
47
2,019
-2,075
10,419
27,018
4,194
1,358
13,869
14,111
6,590
2023/24
Cost at 01.10,2023
Value adjustment
Brought forward
Additions during the year
Disposals during the year
Transferred to assets held for sale
Cost at 30.09,2024
Amortisation at 01.10,2023
Value adjustment
Disposals during the year
Amortisation for the year
Impairment losses for the year
Transferred to assets held for sale
Amortisation at 30.09,2024
Carrying amount
at 30.09,2024
Customer
relationships
Completed
internal
development
projects
Internal
development
projects in
progress
Software
88
