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REGISTERED NUMBER: 02069720 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 31 December 2024

for

Dana SAC UK Limited

Dana SAC UK Limited (Registered number: 02069720)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 5

Report of the Independent Auditors 7

Statement of Profit or Loss 11

Statement of Profit or Loss and Other Comprehensive
Income

12

Statement of Financial Position 13

Statement of Changes in Equity 15

Statement of Cash Flows 16

Notes to the Statement of Cash Flows 17

Notes to the Financial Statements 18


Dana SAC UK Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R Marsh
R N Hillman



SECRETARY: R Marsh



REGISTERED OFFICE: Bridgeway House
Bridgeway
Stratford Upon Avon
CV37 6YX



REGISTERED NUMBER: 02069720 (England and Wales)



SENIOR STATUTORY AUDITOR: Janine Boyo BFP FCA MAAT



AUDITORS: Voisey & Co LLP
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW

Dana SAC UK Limited (Registered number: 02069720)

Strategic Report
for the Year Ended 31 December 2024

The directors present their strategic report for the year ended 31 December 2024.

PRINCIPAL ACTIVITIES
The principal activity of the company during the year was the import, assembly, installation, inspection, service and repair of Dana power transmission and fluid power products. Development of complete drive system solutions incorporating both Dana and non-Dana products, spares & components.

REVIEW OF BUSINESS
The Company is part of the worldwide Dana Incorporated Group ("the Group"), a company incorporated in the United States. The strategic objectives of the Company are aligned with those of the Group. Further details on the strategy and performance of the Group can be found in the Managements Discussion and Analysis of Financial Condition and Results of Operations section of the 2024 Form 10-K for Dana Incorporated, which does not form part of this report or Group company website results www.dana.com.

The Company maintained their Turnover at £12M in line with the 2023 level and market position despite challenges in many mobile equipment manufacturers end user markets. Sales in 2024 have been maintained in line with the previous year. This is a very positive result, as 2023 was a record year and the upturn experienced in 2023 was not maintained in the general machinery manufacture market throughout 2024. During 2024 a number of regular customers were impacted by turbulent international events and postponement of orders based on US Elections. They have seen significant downturns in their end user markets as has been the case globally. Mobile & Industrial manufacturing business was complemented and supported in 2024 by very good results on Aftermarket & Service business, continuing to demonstrates the Company's diverse offering.

The Company proactively managed its base costs well and continued to maintain overheads within budget levels despite the increase in cost pressures.

The company continued to recruit & develop new personnel and their contribution should have a continued & increased positive impact in 2025.

Results summarised below highlight the impact on Aftermarket & service in improving Gross Margin.

The company paid Dividends in the year of £800,000.

Company Balance Sheet remained in a strong position at £3.2M (£2.88M 2023)

Key Performance Indicators

The directors monitor progress with reference to the following key performance indicators:

2024 2023 Definition and method of calculation
£'000 £'000
Turnover 12,129 12,298

Gross Profit 5,235 4,912
Earnings before interest, tax,
EBITDA 1,608 630 depreciation and amortisation

Profit before administration and
Gross Profit as a % of turnover 43.15% 40.12% exceptional costs

Earnings before interest receivable
Operating Profit as a % of turnover 11.57% 3.84% and interest payable

Annual purchases divided by the
Stock Turnover 4.95 3.88 year end stock balance

The net assets of the Company as at 31 December 2024 were £3.02 million (2023: £2.88 million).


Dana SAC UK Limited (Registered number: 02069720)

Strategic Report
for the Year Ended 31 December 2024

PRINCIPAL RISKS AND UNCERTAINTIES
The principle non-financial risks and uncertainties facing the Company are:

Sources and availability of products
The majority (80%) of the products sold are sourced through other Dana entities. Other 3rd party purchases are made from multiple qualified sources.

Customer dependence
The company has multiple customers across a diverse range of sectors. The Company differentiates itself through offering both quality standard products and bespoke solutions.

Financial risk management policies and procedures
The following are the principal risks identified by the directors and the measures taken to address them.

Liquidity risk
The financial risks of the Company are managed centrally by the Group's European Treasury Department, however, the Company manages its cash and borrowing requirements to maximise interest income and minimise interest expense, whilst ensuring the Company has sufficient resources to meet the operating needs of the business.

The company reviews its short-term cash requirements using cashflow forecasts. This policy ensures there are sufficient funds available for the current and future operations of the Company.

Foreign currency risk
As the Company acquires a small element of product in Euros and US Dollars, the Company is exposed to currency exchange fluctuations. Customers are generally quoted sales prices in sterling for the UK based operations, however, where customers prefer, they may be quoted in the same currency which the company purchases its products, therefore reducing exchange rate risk via a natural hedge.

Interest rate risk
The company is part of a group cash pooling agreement but is cash positive. Group arrangements may from time to time be exposed to interest rate risk on floating rate deposits and bank overdrafts. The company manages the risk by minimising borrowing.

Price risk
The company is exposed to commodity price risk because of its operations. This exposure is minimised wherever possible via commodity index agreements with customers and long-term commitments with suppliers.

Credit risk
The company mitigates credit risk using a Credit Insurance policy and strong credit control.
All customers who wish to trade on credit terms are subject to credit verification procedures. Trade debtors are monitored on an ongoing basis and provision is made for doubtful debts where necessary.

People
The company's continued investment in training and development has assisted in sourcing, retaining & developing staff which remains a key challenge but one in which the company has had great success.

Performance Quality
The Company's performance and continuing reputation is a valuable asset and key selling feature. It is maintained by adherence to the ISO 9001 2015 quality systems, High Internal Standards of Dana operating systems, strong staff commitment and personnel development.


Dana SAC UK Limited (Registered number: 02069720)

Strategic Report
for the Year Ended 31 December 2024

BUSINESS RELATIONSHIPS
The company maintains numeorus business relationships including the following:

Suppliers - Our suppliers being Group and 3rd party companies are critical to our operations, and we take a long-term collaborative approach to working with them, including adhering to payment terms.

Customers - Our customers value our products, which are produced to the highest quality and are made to last to provide great value. The company engages with customers for their feedback which has helped us continually improve our service and products which are at the forefront of our industry.

Others - The directors consider our shareholders, employees, customers and suppliers to be the core stakeholder groups. Our ultimate shareholder is the Group. We create value for the Group by generating sustainable results which will ultimately translate into dividends. We present our performance in monthly summaries to the board. The directors routinely engage with the Group on topics of strategy, governance and performance including information on the impact on each of our stakeholders.

FUTURE DEVELOPMENTS
The Group has developed a strategic plan detailing how we will operate and the key areas of focus. We will focus on continuing our existing market presence and maintaining the relationships already established; where new opportunities arise we will look to capitalise on those. We will continue to invest in our people committing to meeting training needs.

ON BEHALF OF THE BOARD:





R Marsh - Director


31 March 2025

Dana SAC UK Limited (Registered number: 02069720)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITIES
The principal activities of the company in the year under review were those of the importing, assembling and distribution of engineering components.

DIVIDENDS
The total distribution of dividends for the year ended 31 December 2024 will be £ 800,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

R Marsh
R N Hillman

DISCLOSURE IN THE STRATEGIC REPORT
As permitted by the Large and Medium Sized Companies and Groups (Accounts and Reports) Regulations 2008, certain matters which are required to be disclosed in the Directors' report have been omitted as they are included in the Strategic Report. These matters relate to the financial management risk and future developments.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with UK-adopted international accounting standards. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Dana SAC UK Limited (Registered number: 02069720)

Report of the Directors
for the Year Ended 31 December 2024


AUDITORS
A resolution proposing the re-appointment of Voisey & Co LLP will be proposed at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:



R Marsh - Director


31 March 2025

Report of the Independent Auditors to the Members of
Dana SAC UK Limited (Registered number: 02069720)

Opinion
We have audited the financial statements of Dana SAC UK Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Profit or Loss, the Statement of Profit or Loss and Other Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and Notes to the Statement of Cash Flows, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and International Financial Reporting Standards (IFRSs) as adopted by the UK.

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with IFRSs as adopted by the UK; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Dana SAC UK Limited (Registered number: 02069720)


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine 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, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Dana SAC UK Limited (Registered number: 02069720)


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors 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 (UK) 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

1 - We enquired of management and those charged with governance about actual and potential litigation and claims, including review of relevant nominal ledger accounts.

2 - We obtained an understanding of laws, regulations and guidance that affect the Company, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. Key laws, regulations and guidance that we identified included the Companies Act 2006, health and safety legislation and employment legislation.

3 - We enquired of management and those charged with governance to identify any instances of non-compliance with laws and regulations.

4 - We reviewed the Company's financial statement disclosures and agreed to supporting documentation to assess compliance with the applicable laws and regulations discussed above.

5 - We gained an understanding of the controls that management have in place to prevent and detect fraud. We enquired of management about any incidences of fraud that had taken place during the accounting period.

6 - The risk of fraud and non-compliance with laws and regulations was discussed within the audit team and tests were planned and performed to address these risks.

7 - In addressing the risk of fraud due to management override of controls, we performed testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

8 - We also challenge management assumptions with regard to accounting estimates.

Despite appropriate planning and performing our work in accordance with International Auditing Standards, there are always inherent limitations that non-compliance is not detected. Non-compliance with laws and regulations is often further removed from the events and transactions reflected in the financial statements and material misstatements due to fraud can be deliberately concealed from auditors, for example through misrepresentation, forgery or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Dana SAC UK Limited (Registered number: 02069720)


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Janine Boyo BFP FCA MAAT (Senior Statutory Auditor)
for and on behalf of Voisey & Co LLP
8 Winmarleigh Street
Warrington
Cheshire
WA1 1JW

31 March 2025

Dana SAC UK Limited (Registered number: 02069720)

Statement of Profit or Loss
for the Year Ended 31 December 2024

31.12.24 31.12.23
Notes £    £   

CONTINUING OPERATIONS
Revenue 3 12,129,231 12,298,396

Cost of sales (6,894,467 ) (7,386,324 )
GROSS PROFIT 5,234,764 4,912,072

Other operating income (9,754 ) (11,698 )
Administrative expenses (2,320,150 ) (2,435,722 )
Other operating expenses (1,501,853 ) (1,989,689 )
OPERATING PROFIT 1,403,007 474,963

Finance costs 5 (3,332 ) (2,803 )

Finance income 5 112,220 56,707
PROFIT BEFORE INCOME TAX 6 1,511,895 528,867

Income tax 7 (393,384 ) (127,887 )
PROFIT FOR THE YEAR 1,118,511 400,980

Dana SAC UK Limited (Registered number: 02069720)

Statement of Profit or Loss and Other Comprehensive Income
for the Year Ended 31 December 2024

31.12.24 31.12.23
£    £   

PROFIT FOR THE YEAR 1,118,511 400,980

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

1,118,511

400,980

Dana SAC UK Limited (Registered number: 02069720)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £   
ASSETS
NON-CURRENT ASSETS
Owned
Property, plant and equipment 9 964,851 1,009,668
Right-of-use
Property, plant and equipment 9, 17 47,616 81,703
1,012,467 1,091,371
CURRENT ASSETS
Inventories 10 1,280,778 1,772,889
Trade and other receivables 11 2,310,637 2,145,555
Cash and cash equivalents 12 2,182,315 2,209,362
5,773,730 6,127,806
TOTAL ASSETS 6,786,197 7,219,177
EQUITY
SHAREHOLDERS' EQUITY
Called up share capital 13 655,000 655,000
Retained earnings 14 2,544,388 2,225,877
TOTAL EQUITY 3,199,388 2,880,877
LIABILITIES
NON-CURRENT LIABILITIES
Financial liabilities - borrowings
Lease liabilities 16, 17 23,879 47,431
Deferred tax 18 52,712 52,712
76,591 100,143
CURRENT LIABILITIES
Trade and other payables 15 3,075,546 4,101,016
Financial liabilities - borrowings
Bank overdrafts 16 173,871 173,277
Lease liabilities 16, 17 23,552 34,156
Tax payable 237,249 (70,292 )
3,510,218 4,238,157
TOTAL LIABILITIES 3,586,809 4,338,300
TOTAL EQUITY AND LIABILITIES 6,786,197 7,219,177


The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:






Dana SAC UK Limited (Registered number: 02069720)

Statement of Financial Position - continued
31 December 2024

R Marsh - Director


Dana SAC UK Limited (Registered number: 02069720)

Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 655,000 1,824,897 2,479,897

Changes in equity
Total comprehensive income - 400,980 400,980
Balance at 31 December 2023 655,000 2,225,877 2,880,877

Changes in equity
Dividends - (800,000 ) (800,000 )
Total comprehensive income - 1,118,511 1,118,511
Balance at 31 December 2024 655,000 2,544,388 3,199,388

Dana SAC UK Limited (Registered number: 02069720)

Statement of Cash Flows
for the Year Ended 31 December 2024

31.12.24 31.12.23
£    £   
Cash flows from operating activities
Cash generated from operations 1 797,212 838,473
Lease interest paid (3,332 ) (2,803 )
Tax paid (85,843 ) (152,001 )
Net cash from operating activities 708,037 683,669

Cash flows from investing activities
Purchase of tangible fixed assets (13,742 ) (89,517 )
Sale of tangible fixed assets - 2,649
Interest received 112,220 56,707
Net cash from investing activities 98,478 (30,161 )

Cash flows from financing activities
New leases in year - 57,405
Payment of lease liabilities (34,156 ) (35,010 )
Equity dividends paid (800,000 ) -
Net cash from financing activities (834,156 ) 22,395

(Decrease)/increase in cash and cash equivalents (27,641 ) 675,903
Cash and cash equivalents at beginning of
year

2

2,036,085

1,360,182

Cash and cash equivalents at end of year 2 2,008,444 2,036,085

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Statement of Cash Flows
for the Year Ended 31 December 2024

1. RECONCILIATION OF PROFIT BEFORE INCOME TAX TO CASH GENERATED FROM
OPERATIONS

31.12.24 31.12.23
£    £   
Profit before income tax 1,511,895 528,867
Depreciation charges 92,646 100,627
Profit on disposal of fixed assets - (2,301 )
Decrease: owed by group undertaking 88,286 (129,035 )
(Decrease): owed to group undertaking (712,688 ) 118,857
Finance costs 3,332 2,803
Finance income (112,220 ) (56,707 )
871,251 563,111
Decrease in inventories 492,111 16,970
(Increase)/decrease in trade and other receivables (253,368 ) 276,235
Decrease in trade and other payables (312,782 ) (17,843 )
Cash generated from operations 797,212 838,473

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Statement of Cash Flows in respect of cash and cash equivalents are in respect of these Statement of Financial Position amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 2,182,315 2,209,362
Bank overdrafts (173,871 ) (173,277 )
2,008,444 2,036,085
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 2,209,362 1,360,182
Bank overdrafts (173,277 ) -
2,036,085 1,360,182

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Dana SAC UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparation
These financial statements have been prepared in accordance with UK-adopted international accounting standards and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the historical cost basis.

The preparation of the financial statements, in conformity with generally accepted accounting principles ('GAAP') under IFRS, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although these estimates are based on management's best knowledge of the amount, event or actions, actual results ultimately may differ from these estimates.

The financial statements are prepared in sterling, which is the functional currency. Monetary amounts in these financial statements are rounded to the nearest £.

Significant judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The key assumptions concerning the future and other key sources of estimation include uncertainties at the reporting date, which may have a risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial periods, are discussed below.

Management do not consider the company to have any significant accounting judgements or key sources of
estimation uncertainty.

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Revenue recognition
Revenue from the sale of goods shall be recognised when all the following conditions have been satisfied:
- the entity has transferred to the buyer the significant risks and rewards of ownership of the goods;
- the entity retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity;
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from the sale of goods is generally recognised when they are handed over to the transport firms which, under the terms of current contracts, mark the time when the above risks and rewards are transferred.

Revenue is not recognised if its recoverability is considered to be uncertain.

Revenue is stated net of discounts, allowances, rebates and returns, and does not include the proceeds from the disposal of raw materials.

Revenue includes also minor cost connected with the sales process, such as:
- recoveries from customers of accessories costs;
- recoveries of after-sales costs;
- recoveries of cost of transport, packaging, insurances etc.

Revenue for services rendered is recorded in the income statement on the basis of the percentage of completion at the balance sheet reference date.

Cash and cash equivalents
Cash represents cash in hand and deposits held on demand with financial institutions. Cash equivalents are short-term, highly-liquid investments with original maturities of three months or less (as at their date of acquisition). Cash equivalents are readily convertible to known amounts of cash and subject to an insignificant risk of change in that cash value.

In the presentation of the Statement of Cash Flows, cash and cash equivalents also include bank overdrafts. Any such overdrafts are shown within borrowings under ‘current liabilities’ on the Statement of Financial Position.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - Nil - Land, 2%-2.5% - Buildings
Plant and machinery - 20% on cost and 6.66% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 33% on reducing balance
Computer and office equipment - 25% on cost

The company has introduced a policy of only capitalising assets over the value of £4,200.

Assets in the course of construction are not depreciated and are in respect of costs to upgrade the company's IT network.

Assets are initially capitalised at their cost price and are then subsequently measured at cost less depreciation and any impairment losses.

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with bank, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Financial instruments
The carrying amounts of each financial instrument category are as defined in IAS 39.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the net asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are
subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that
investments in equity instruments that are not publically traded and whose fair values cannot be measured
reliably are measured at cost less impairment.

Impairment of financial assets
Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of
impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that
occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed, The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic Financial Liabilities

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Basic financial instruments, include trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one tear are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.


Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or
cancelled.

Equity instruments
Financial liabilities issued by the company are recorded at the proceeds received, net of direct issue costs.
Dividens payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Derivatives
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument. In which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Inventories
The cost of inventories should comprise all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition.

The costs of purchase include: purchase price, import duties and other non-recoverable taxes, transport and handling costs, and other costs directly attributable to the acquisition of finished goods, materials and services. Any trade discounts or rebates received are deducted in determining the costs of purchase of an item.

The costs of conversion include costs directly related to the units of production such as: direct materials and labour, and a systematic allocation of the fixed and variable production overheads incurred in converting materials into finished goods.

For Original Equipment Service (OES) and Aftermarket product, slow moving inventory is defined as the difference between the balances on hand for each part number less the average monthly usage of that part number during the prior 48 months. On hand amounts with less than 36 months of average monthly usage require no reserve; on hand amounts with between 36-60 months of average monthly usage are reserved as slow-moving at a minimum of fifty percent (50%) and on hand amounts over 60 months of average monthly usage are reserved as slow moving at ninety-five percent (95%).

For Original Equipment (OES) product, obsolete inventory is defined as any part number that has had zero usage in the prior 48 months, and for which no open orders exist. One hundred percent (100%) of the value of these parts is reserved as Obsolete, unless otherwise supported and approved.

Taxation
Current taxes are based on the results shown in the financial statements and are calculated according to local tax rules, using tax rates enacted or substantially enacted by the statement of financial position date.

Deferred tax assets have been recognised in respect of all tax losses and other temporary differences giving rise to deferred tax assets where the directors believe it is probable that these assets will be recovered.

Foreign currencies
Foreign exchange transactions are converted on the basis of the exchange rates in force on the date that the related transactions were carried out. Monetary assets and liabilities shall be converted at the exchange rate in force on the balance sheet reference date. Foreign exchange differences arising from conversion shall be entered in the income statement. Non-monetary assets and liabilities valued at historic cost shall be converted at the exchange rates in force on the date of the related transaction. Monetary assets and liabilities, stated at fair value, are converted into sterling (£) at the exchange rate in force on the date in respect of which the relative fair value was determined.

Leases
Leases are recognised as finance leases. The lease liability is initially recognised at the present value of the lease payments which have not yet been made and subsequently measured under the amortised cost method. The initial cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, lease payments made prior to the lease commencement date, initial direct costs and the estimated costs of removing or dismantling the underlying asset per the conditions of the contract.

Where ownership of the right-of-use asset transfers to the lessee at the end of the lease term, the right-of-use asset is depreciated over the asset’s remaining useful life. If ownership of the right-of-use asset does not transfer to the lessee at the end of the lease term, depreciation is charged over the shorter of the useful life of the right-of-use asset and the lease term.

Employee benefit costs
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

The costs of the short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Risk management
The overall objective of the Board is to set policies that seek to reduce risk as far as possible without unduly affecting the Group's competitiveness and flexibility.

Credit risk
Credit risk is the risk of financial loss to the company if a customer or counterpart to a financial instrument fails to meet its contractual obligations. The company is mainly exposed to credit risk from credit sales. It is company policy, implemented locally, to assess the credit risk of new customers before entering contracts. Such credit ratings are taken into account by local business practices.
Credit risk also arises from cash and cash equivalents and deposits with banks and financial institutions. For banks and financial institutions, only independently rated parties with minimum rating "A" are accepted.

Market risk
Market risk arises from the company's use of interest bearing, tradable and foreign currency financial instruments. It is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in interest rates (interest rate risk), foreign exchange rates (currency risk) or other market factors (other price risk).

Foreign exchange risk
Foreign exchange risk arises when the company enters into transactions denominated in a currency other than their functional currency. The company's policy is, where possible, to settle liabilities denominated in their functional currency.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Going concern
The financial statements have been prepared on a going concern basis which presumes that the Company has adequate resources to remain in operation and that the directors intend to do so for at least one year from the date the financial statements are signed.

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. REVENUE

Segmental reporting
The analysis of the Company's revenue for the year from continuing
operations is as follows:

31.12.2431.12.23
£   £   
Sale of goods11,308,12211,400,852
Recharge of salaries821,109897,544
12,129,23112,298,396

The analysis of the Company's turnover for the year by market is as follows:

31.12.2431.12.23
£   £   
United Kingdom10,487,58411,127,047
Rest of Europe1,089,9101,011,771
Rest of the World551,737195,578
12,129,23112,298,396


.

4. EMPLOYEES AND DIRECTORS
31.12.24 31.12.23
£    £   
Wages and salaries 1,905,954 1,967,299
Social security costs 223,803 208,892
Other pension costs 106,519 100,835
2,236,276 2,277,026

The average number of employees during the year was as follows:
31.12.24 31.12.23

Management 3 3
Employees 32 32
35 35

Key Personnel:

The key personnel are considered to be the directors only. Please see the note below for remuneration paid to the directors in the year.

Pension contribution made by the company during the year in relation to key management totalled £20,245 (2023 £9,857).

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. EMPLOYEES AND DIRECTORS - continued

31.12.24 31.12.23
£    £   
Directors' remuneration 175,564 180,484

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 1

5. NET FINANCE INCOME
31.12.24 31.12.23
£    £   
Finance income:
Deposit account interest 112,220 56,707
Finance costs:
Leasing 3,332 2,803

Net finance income 108,888 53,904

6. PROFIT BEFORE INCOME TAX

The profit before income tax is stated after charging/(crediting):
31.12.24 31.12.23
£    £   
Cost of inventories recognised as expense 6,894,467 7,386,324
Depreciation - owned assets 58,559 65,270
Depreciation - assets on hire purchase contracts or finance leases 34,087 35,356
Profit on disposal of fixed assets - (2,301 )
Auditors' remuneration 16,595 18,500
Foreign exchange differences 9,754 11,698
Non audit services - accountancy fees 1,823 1,784

7. INCOME TAX

Analysis of tax expense
31.12.24 31.12.23
£    £   
Current tax:
Tax 393,384 95,065

Deferred tax - 32,822
Total tax expense in statement of profit or loss 393,384 127,887

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. INCOME TAX - continued

Factors affecting the tax expense
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31.12.24 31.12.23
£    £   
Profit before income tax 1,511,895 528,867
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 23.520%)

377,974

124,390

Effects of:
Expenses not deductible for tax purposes 567 827
Depreciation for period in excess of capital allowances 11,203 7,353

Deferred tax - 32,822
Underprovision of corporation tax - (37,505 )
Overprovision of corporation tax 3,640 -
Tax expense 393,384 127,887

The main rate of corporation tax for the year ended 31st December 2024 is 25%. This came into effect on 1 April 2023 following the government announcement that the previous rate of 19% would be increased from that date.

8. DIVIDENDS
31.12.24 31.12.23
£    £   
A Ordinary shares of £1 each
Interim 656,000 -
B Ordinary shares of £1 each
Interim 144,000 -
800,000 -

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 1,389,643 227,976 17,101
Additions - 13,742 -
Disposals - - -
At 31 December 2024 1,389,643 241,718 17,101
DEPRECIATION
At 1 January 2024 586,568 163,633 17,101
Charge for year 16,107 8,424 -
Eliminated on disposal - - -
At 31 December 2024 602,675 172,057 17,101
NET BOOK VALUE
At 31 December 2024 786,968 69,661 -
At 31 December 2023 803,075 64,343 -

Computer
and
Motor office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 183,298 142,012 1,960,030
Additions - - 13,742
Disposals - (3,674 ) (3,674 )
At 31 December 2024 183,298 138,338 1,970,098
DEPRECIATION
At 1 January 2024 66,166 35,191 868,659
Charge for year 46,618 21,497 92,646
Eliminated on disposal - (3,674 ) (3,674 )
At 31 December 2024 112,784 53,014 957,631
NET BOOK VALUE
At 31 December 2024 70,514 85,324 1,012,467
At 31 December 2023 117,132 106,821 1,091,371

10. INVENTORIES

31.12.24 31.12.23
£    £   
Stocks 1,280,778 1,772,889

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

11. TRADE AND OTHER RECEIVABLES

31.12.24 31.12.23
£    £   
Current:
Trade debtors 2,017,423 1,762,377
Amounts owed by group undertakings 125,253 213,539
Other debtors 102,377 56,633
Prepayments 65,584 113,006
2,310,637 2,145,555

12. CASH AND CASH EQUIVALENTS

31.12.24 31.12.23
£    £   
Bank accounts 2,182,315 2,209,362

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
537,100 A Ordinary £1 537,100 537,100
117,900 B Ordinary £1 117,900 117,900
655,000 655,000

Each share is entitled to one vote in any circumstances.

14. RESERVES
Retained
earnings
£   

At 1 January 2024 2,225,877
Profit for the year 1,118,511
Dividends (800,000 )
At 31 December 2024 2,544,388

Retained earnings
Includes all current and prior periods retained profits and losses.

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

15. TRADE AND OTHER PAYABLES

31.12.24 31.12.23
£    £   
Current:
Payments on account 300,004 453,919
Trade creditors 190,099 158,585
Amounts owed to group undertakings 1,826,008 2,538,696
Social security and other taxes 270,258 233,584
Other creditors 25,857 24,519
Accruals and deferred income 463,320 691,713
3,075,546 4,101,016

16. FINANCIAL LIABILITIES - BORROWINGS

31.12.24 31.12.23
£    £   
Current:
Bank overdrafts 173,871 173,277
Leases (see note 17) 23,552 34,156
197,423 207,433

Non-current:
Leases (see note 17) 23,879 47,431

Terms and debt repayment schedule

1 year or
less 1-2 years 2-5 years Totals
£    £    £    £   
Bank overdrafts 173,871 - - 173,871
Leases 23,552 15,034 8,845 47,431
197,423 15,034 8,845 221,302

The bank holds a specific equitable charge, dated 24th May 1990, over all freehold and leasehold properties, and/or the proceed of any sale thereof, fixed and floating charges over the undertaking and all property and assets present and future including goodwill, bookdebts, and the benefits of any licences land at Planet House, Centre Park, Lakeside Drive, Warrington, Cheshire.

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

17. LEASING

Right-of-use assets

Property, plant and equipment

31.12.24 31.12.23
£ £
COST OR VALUATION
At 1st January 2024 118,615 126,725
126,725 126,725
Additions 0 57,821
Disposals 0 (65,931)
At 31st December 2024 118,615 118,615

DEPRECIATION
At 1st January 2024 36,912 67,488
36,912 67,488
Charge for year 34,087 35,356
Eliminated on disposal 0 (65,931)
At 31st December 2024 70,999 36,912
NET BOOK VALUE 47,616 81,703





























The right-of-use assets are in relation to a number of leased motor vehicles.

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

17. LEASING - continued

Lease liabilities

Minimum lease payments fall due as follows:

31.12.24 31.12.23
£    £   
Gross obligations repayable:
Within one year 25,702 37,488
Between one and five years 26,197 51,890

51,899 89,378

Finance charges repayable:
Within one year 2,150 3,332
Between one and five years 2,318 4,459
4,468 7,791

Net obligations repayable:
Within one year 23,552 34,156
Between one and five years 23,879 47,431
47,431 81,587

18. DEFERRED TAX

31.12.24 31.12.23
£    £   
Balance at 1 January 52,712 19,890
Accelerated capital allowances - 32,822
Balance at 31 December 52,712 52,712

19. PENSION COMMITMENTS

The company operates a defined contribution scheme. The assets of which are held separately from the assets of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £106,519 (2023: £100,835).

Contributions totalling £14,684 (2023: £13,433) were payable to the scheme at the end of the year and are included in creditors.

20. ULTIMATE PARENT COMPANY AND HOLDING COMPANY

The company is a 88% subsidiary of Dana SAC Holding BV, a company registered in the Netherlands, and the ultimate holding company is Dana Incorporated which is incorporated in USA.The group financial statements are available at the world headquarters, 3939 Technology Drive, Maumee, Ohio 43537.

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

21. RELATED PARTY DISCLOSURES

During the year, the company had material levels of transactions with a number of group companies.

Within trade and other receivables (note 10), the amount owed by group companies totals £125,253 (2023 £213,539). There are no material balances.
Ledger Balance Transactions


31.12.24 31.12.23 31.12.24 31.12.23
£    £    £    £   
Dana Incorporated Gyor 0 260 260 260
Dana Italia, S.r.l. 44,381 138,097 515,543 529,801
Dana Motion Systems Italia S.r.l. 59,350 59,986 370880 333,588
Dana SAC Australia Pty Ltd 0 6,134 0 9,221
Dana SAC Benelux B.V. 1,283 310 12,664 376
Dana SAC Finland Oy 0 0 0 1,942
Dana SAC Norway AS 0 0 8,060 228
PIV Drives GmbH 18,498 8,751 36,747 38,916
Dana SAC Ireland Ltd 0 0 3,078 1,890
Dana Brugge 0 0 1,797 0
Dana Fluid Power Distribution S.r.l. 0 0 71 0
Dana SAC Spain S A 0 0 12,159 0

None of the year end balances are secured, no guarantees have been given or received.

None of the outstanding debtor balances are considered to be bad debts. No bad debt expense has been recognised in the period.

Within trade and other payables (note 14), the amount owed to group companies totals £1,826,008 (2023 £2,538,696). The material balance at the year end and transaction are listed below.

Ledger Balance Transactions

31.12.24 31.12.23 31.12.24 31.12.23
£ £ £ £

Dana Motions Systems Italia SrL 82,953 411,679 463,051 1,189,245
PIV Drives GmbH 367,877 355,178 1,256,566 972,604
Brevini Yancheng 256,973 302,119 940,692 784,034
Brevini Power Transmission SpA 931,331 1,159,778 1,719,660 2,532,722
Brevini (Yancheng) Fluid Power CO 16,880 16,880 40,948 84,703
Dana Fluid Power Distribution S.r.l. 33,764 47,609 161,022 178,989
Dana Investment GmbH 41,929 4,648 42,097 4,623
Dana Italia, S.r.l. 0 0 0 6,172
Dana Limited (61,914 ) 155,491 105,632 383,914
Dana SAC Australia Pty Ltd 594 0 594 178
Dana SAC Benelux B.V. 31,686 24,926 206,773 287,151
Dana SAC Canada Ltd 0 0 0 257
Dana SAC Finland Oy 0 0 0 128
Dana SAC France 0 0 2,273 1,934
Dana SAC Norway AS 0 0 0 3,859
Dana UK Axles Limited 0 0 5,954 5,529
Spicer Gelenkwellenbau GmbH 3,175 0 27,274 2,731
Dana TM4 Deutschland GmbH 0 0 0 1,037
Dana SAC S E Asia 0 0 0 1,709
Dana SAC Holding 3,723 3,902 3,738 3,881
Dana Hungary KFT 0 0 304 933
Dana SAC Germany 0 0 0 1,406

Dana SAC UK Limited (Registered number: 02069720)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024
Dana SAC Ireland Ltd 86,108 54,752 265,370 237,513
Dana Employment ,Inc 491 646 3,567 46,039
Dana TM4 UK 47,319 1,089 204,226 62,276
Dana TM4 Italia 398201 0 0 0 3,191
Graziano Trasmissioni India PVT Ltd 0 0 1,345 8,791
Latino America 0 0 0 0
Dana Fluid Power Veneto S.r.l. 0 0 762 0
Dana Motion Systems Deutschland GmbH 0 0 135,523 0
Dana SAC USA Inc. 0 0 0 0
Shanghai Brevini Gearboxes Co. Ltd. 0 0 0 0
TM4 Inc.Canada 0 0 0 0
Dana SAC South America 0 0 255 0
DANA SAC New Zealand Ltd 0 0 0 0
Dana Incorporated 0 0 8,541 0