Gabriel_Annual_Report_2024-25 - Flipbook - Page 93
CONTENTS // CONSOLIDATED FINANCIAL STATEMENTS AND PARENT COMPANY FINANCIAL STATEMENTS // NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AND PARENT COMPANY FINANCIAL STATEMENTS
Loss rate
0.0%
3.4%
0.0%
0.0%
0.1%
2024/25
Denmark
Europe
USA
Asia
Other countries
Trade
receivables
3,133
36,929
7,952
2,895
3,659
54,568
Expected
loss based
on historical
loss rates
1,273
3
1,276
18
SHARES ISSUED
1 October
30 September
Loss rate
3.5%
7.3%
3.2%
7.8%
4.0%
Trade receivables
50,825
3,019
1,094
4,600
59,537
Write-down
1,760
222
35
360
2,376
Total
49,065
2,797
1,059
4,240
57,161
Trade
receivables
4,222
37,192
9,529
3,529
2,689
57,161
Expected
loss based
on historical
loss rates
2,376
2,376
Interest income arising from receivables written down is not recognised.
Write-downs of the Group’s trade receivables concern Europe.
Loss rate
0.0%
6.4%
0.0%
0.0%
0.0%
17
Research and development costs
The correlation between research and development costs incurred and expensed is specified as follows:
CONSOLIDATED
tDKK
Research and development costs incurred
Development costs in the continuing operations recognised as intangible
assets
Research and development costs for the year recognised in the income
statement under staff and other external costs
2024/25
34,168
2023/24
34,596
-6,920
-6,887
27,248
27,710
Nominal value (tDKK)
2024/25
2023/24
37,800
37,800
37,800
37,800
Capital management
The Group’s ordinary activities still generate reasonable cash flows, enabling it to maintain solid financial resources. Management
regularly assesses the need for adjusting the capital structure. The Group’s equity ratio was 35.3% on 30 September 2025 (30 September 2024: 33.7%). Equity ratio for continuing operations was 39.0% (30 September 2024: 36.7%).
The Group always wishes to provide its shareholders with regular returns on their investments, while maintaining an appropriate
level of equity to ensure the company’s future operations. The Board of Directors proposes that a dividend of DKK 5.00 per share
be distributed for 2024/25 (DKK 0 in 2023/24), equivalent to total dividends of DKK 9.5 million (DKK 0 million in 2023/24).
Against this background, the present capital resources are deemed adequate in the present economic climate.
19
2023/24
Denmark
Europe
USA
Asia
Other countries
Number
2024/25
2023/24
1,890,000
1,890,000
1,890,000
1,890,000
The share capital comprises 1.890.000 shares of DKK 20 each. No shares carry special rights, and the share capital is fully paid up.
Neither the Group nor the parent company holds treasury shares.
The Gabriel Group does not have a past record of major bad debts, and bad debts are therefore also expected to be limited in future.
Write-downs are based on concrete assessments of due date and other relevant information, including macro-economic conditions.
2023/24
Not overdue
Up to 30 days
Between 30 and 60 days
Over 60 days
Share capital
Deferred tax
CONSOLIDATED
tDKK
Deferred tax at 01.10
Exchange rate adjustment
Deferred tax for the year recognised in the income statement
Adjustment in respect of previous years
Transferred to assets held for sale
Deferred tax at 30.09
Deferred tax is recognised as follows in the statement of financial
position:
Deferred tax assets
Deferred tax liabilities
Deferred tax at 30.09, net
Deferred tax concerns:
Intangible assets
Plant, fixtures and fittings and equipment
Financial assets
Current assets
Tax loss carryforwards
PARENT COMPANY
2024/25
2,905
312
-1,886
-1,009
2023/24
-2,663
-7,565
7,797
99
2024/25
141
-96
-
2023/24
168
-27
-
322
5,237
2,905
45
141
-6,903
7,225
322
-7,413
10,318
2,905
45
45
141
141
6,587
1,405
211
-653
-7,228
322
7,369
3,531
-13
-569
-7,413
2,905
45
45
141
141
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