Assets
| Type | Time | Amount | Unit |
|---|---|---|---|
| ifrs-full:Assets | 2015-12-31 | 4671000000 | vDKK |
| ifrs-full:Assets | 2016-12-31 | 3358000000 | vDKK |
| ifrs-full:Assets | 2015-12-31 | 3355000000 | vDKK |
| ifrs-full:Assets | 2016-12-31 | 4506000000 | vDKK |
Revenue
| Type | Start date | End date | Amount | Unit |
|---|---|---|---|---|
| ifrs-full:Revenue | 2016-01-01 | 2016-12-31 | 3008000000 | vDKK |
| ifrs-full:Revenue | 2015-01-01 | 2015-12-31 | 2771000000 | vDKK |
| ifrs-full:Revenue | 2016-01-01 | 2016-12-31 | 11072000000 | vDKK |
| ifrs-full:Revenue | 2015-01-01 | 2015-12-31 | 10587000000 | vDKK |
XML
See the xml submitted here:
XML: http://regnskaber.virk.dk/61480951/ZG9rdW1lbnRsYWdlcjovLzAzL2Q1LzBjL2Q4LzlmLzNiZTktNDRjMy05YjQ0LWMzZmNiOTMzZGI0ZA.xml
Separator
The full data:
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<gsd:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="ctx1" xml:lang="en">Bo Holse</gsd:NameAndSurnameOfChairmanOfGeneralMeeting>
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<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement by the executive board and the board of directors</td></tr></table></sob:StatementByExecutiveAndSupervisoryBoards>
<sob:IdentificationOfApprovedAnnualReport contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The groupâs Board of Directors and Executive Board have today discussed and approved Annual Report for the financial year 1 January â 31 December 2016.</td></tr></table></sob:IdentificationOfApprovedAnnualReport>
<sob:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The Consolidated financial statements and separate financial statements have been presented in accordance with International Financial Reporting Standards as approved by the EU. Moreover, the Consolidated financial statements and separate financial statements have been prepared in accordance with further requirements in the Danish Financial Statements Act. Management's review was also prepared in accordance with Danish disclosure requirements of listed companies.</td></tr></table></sob:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement>
<sob:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">In our opinion, the consolidated financial statements and financial statements give a fair presentation of the group and parent companyâs assets, liabilities and equity, and financial position as at 31 December 2016 as well as the results of the group and parent companyâs activities and cash flow for the financial year 1 January â 31 December 2016.</td></tr></table></sob:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults>
<sob:ManagementsStatementAboutManagementsReview contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Further, in our opinion, Management review gives a true and fair statement of the development of the group and parent companyâs activities and financial situation, net profit for the year and of the group and parent companyâs financial positions and describes the most significant risks and uncertainties pertaining to the group and parent company.</td></tr></table></sob:ManagementsStatementAboutManagementsReview>
<sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The annual report is recommended for approval by the annual general meeting</td></tr></table></sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting>
<sob:PlaceOfSignatureOfStatement contextRef="ctx1" xml:lang="en">Vejen</sob:PlaceOfSignatureOfStatement>
<sob:DateOfApprovalOfAnnualReport contextRef="ctx1">2017-02-10</sob:DateOfApprovalOfAnnualReport>
<arr:IndependentAuditorsReportsAudit contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independent auditorsâ report</td></tr></table></arr:IndependentAuditorsReportsAudit>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the shareholders of Solar A/S</td></tr></table></arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Our opinion</td></tr><tr><td colspan="1">In our opinion, the Consolidated Financial Statements and the Parent Company Financial Statements give a true and fair view of the Groupâs and the Parent Companyâs financial position at 31 December 2016 and of the results of the Groupâs and the Parent Companyâs operations and cash flows for the financial year 1 January to 31 December 2016 in accordance with International Financial Reporting Standards as adopted by the EU and further requirements in the Danish Financial Statements Act.</td></tr><tr><td colspan="1">What we have audited</td></tr><tr><td colspan="1">Solar A/Sâs Consolidated Financial Statements and Parent Company Financial Statements for the financial year 1 January to 31 December 2016 comprise statement of comprehensive income, balance sheet, cash flow statement, statement of changes in equity and notes to the financial statements, including summary of significant accounting policies for the Group as well as for the Parent Company. Collectively referred to as the âfinancial statementsâ.</td></tr></table></arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis for Opinion</td></tr><tr><td colspan="1">We 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 Auditorâs Responsibilities for the Audit of the Financial Statements section of our report.</td></tr><tr><td colspan="1">We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr><tr><td colspan="1">Independence</td></tr><tr><td colspan="1">We are independent of the Group in accordance with International Ethics Standards Board for Accountantsâ Code of Ethics for Professional Accountants (IESBA Code) and the ethical requirements that are relevant to our audit of the financial statements in Denmark. We have also fulfilled our other ethical responsibilities in accordance with the IESBA Code.</td></tr></table></arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:KeyAuditMattersAudit contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Key Audit Matters</td></tr><tr><td colspan="1">Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements for 2016. 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.</td></tr><tr><td colspan="1">Key Audit Matter</td></tr><tr><td colspan="1">Inventory obsolescence write-down, Group</td></tr><tr><td colspan="1">The net amount of inventory after writedown at 31 December 2016 amounts to DKK 1,321 million.</td></tr><tr><td colspan="1">The inventory write-down is calculated within the Groupâs accounting systems using an automated process. Where necessary manual adjustments are applied to this write-down to account for unusual circumstances that may have arisen during the year.</td></tr><tr><td colspan="1">We focused our audit on valuation of inventory because</td></tr><tr><td colspan="1">⢠Solarâs business model is based on having the broadest range in the industry and delivering products on time, often next day. This results in large quantities of inventory comprising many different types of products, being held for long periods of time, which raises the risk of obsolescence of inventory.</td></tr><tr><td colspan="1">⢠There is uncertainty about the impact of technological advances, expiry dates, and future sales levels which require management to make judgements based on information available at period end.</td></tr><tr><td colspan="1">Refer to note 12.</td></tr><tr><td colspan="1">How our audit addressed the Key Audit Matter</td></tr><tr><td colspan="1">We obtained an understanding of the inventory write down methodology, tested relevant controls and that the write-down is in accordance with Solarâs accounting manual.</td></tr><tr><td colspan="1">We assessed the completeness of the data used by the system to calculate the write-down by agreeing the subledger to the general ledger. We recalculated the write-down to ensure mathematical accuracy.</td></tr><tr><td colspan="1">We challenged the reasonableness of managementâs judgement regarding the obsolescence percentage applied and expected future sales levels by comparing these assumptions to historic write-offs and historic sales.</td></tr><tr><td colspan="1">We tested manual adjustment to the automated calculation by understanding the market-specific considerations behind the adjustments and whether there was a right of return etc. under the contractual arrangements.</td></tr><tr><td colspan="1">Key Audit Matter</td></tr><tr><td colspan="1">Acquisition of MAG45 B.V. and Euro Business School AS, Group</td></tr><tr><td colspan="1">The Group completed the acquisitions of MAG45 B.V. on 1 February 2016 and Euro Business School AS on 11 August 2016.</td></tr><tr><td colspan="1">We focused on this area because the accounting treatment for the provisional opening balance sheet position is inherently judgmental and requires the management to exercise judgements over the valuation of intangible assets, fair value adjustments on identifiable assets, completeness and accuracy of liabilities.</td></tr><tr><td colspan="1">Refer to note 17.</td></tr><tr><td colspan="1">How our audit addressed the Key Audit Matter</td></tr><tr><td colspan="1">We assessed whether the acquisitions were accounted for in accordance with IFRS 3 âBusiness Combinationsâ and with the sale and purchase agreements. In particular</td></tr><tr><td colspan="1">⢠For the valuation of intangible assets we assessed the key business drivers of the cash flow forecasts supporting the intangible valuation;</td></tr><tr><td colspan="1">⢠For the determination of the fair value in relation to inventories and trade receivables, we assessed the assumptions used; and</td></tr><tr><td colspan="1">⢠For liabilities recognised, we evaluated the assessment and calculation of contingent consideration liabilities to check that they reflected information that was known in relation to events that existed at the transaction date. We also checked that the management had considered a range of potential outcomes. We assessed the completeness of the managementâs list of liabilities using our knowledge of the business, enquiries of the management and reading the sale and purchase agreement.</td></tr></table></arr:KeyAuditMattersAudit>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement on Managementâs Review</td></tr><tr><td colspan="1">Management is responsible for Managementâs Review.</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover Managementâs Review, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the financial statements, our responsibility is to read Managementâs 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.</td></tr><tr><td colspan="1">Moreover, we considered whether Managementâs Review includes the disclosures required by the Danish Financial Statements Act.</td></tr><tr><td colspan="1">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 requirements of the Danish Financial Statements Act. We did not identify any material misstatement in Managementâs Review.</td></tr></table></arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Managementâs Responsibility for the Financial Statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of Consolidated Financial Statements and Parent Company Financial Statements that give a true and fair view in accordance with International Financial Reporting 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.</td></tr><tr><td colspan="1">In preparing the financial statements, Management 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 realistic alternative but to do so.</td></tr></table></arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Auditorâs Responsibilities for the Audit of the Financial Statements</td></tr><tr><td colspan="1">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 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.</td></tr><tr><td colspan="1">As part of an audit in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgment and maintain professional skepticism throughout the audit. We also</td></tr><tr><td colspan="1">⢠Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.</td></tr><tr><td colspan="1">⢠Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Groupâs and the Parent Companyâs internal control.</td></tr><tr><td colspan="1">⢠Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.</td></tr><tr><td colspan="1">⢠Conclude on the appropriateness of Managementâs use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Groupâs and the Parent Companyâs ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorâs report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorâs report. However, future events or conditions may cause the Group or the Parent Company to cease to continue as a going concern.</td></tr><tr><td colspan="1">⢠Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.</td></tr><tr><td colspan="1">⢠Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the Consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.</td></tr><tr><td colspan="1">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.</td></tr><tr><td colspan="1">We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.</td></tr><tr><td colspan="1">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 auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:SignatureOfAuditorsPlace contextRef="ctx1" xml:lang="en">Trekantområdet</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx1">2017-02-10</arr:SignatureOfAuditorsDate>
<mrv:StatementOfCorporateSocialResponsibility contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Corporate Social Responsibility</td></tr><tr><td colspan="1">Using the power of business to improve the world</td></tr><tr><td colspan="1">Corporate Social Responsibility at Solar</td></tr><tr><td colspan="1">At Solar Group, we remain committed to conducting our business with integrity. While pursuing our strategy to achieve profitable growth, we want to explore opportunities that allow us to address some of the global challenges, as defined in the UN Sustainable Development Goals.</td></tr><tr><td colspan="1">We acknowledge that our success has implications for the world around us in a number of ways. When we transport our goods from A to B, we put a strain on the environment. The goods we sell are manufactured by real people who need proper working conditions. We know that.</td></tr><tr><td colspan="1">Therefore, we have made a formal decision to conduct business ethically and to contribute to sustainable development. We wish to embed CSR thinking into our projects and operational processes to make sure that CSR is not a stand-alone discipline, but a natural part of our way of doing business. Our primary aim is to create profitable growth for our business in a highly competitive market. We are determined to achieve this through responsible behaviour.</td></tr><tr><td colspan="1">Thus, we implement socially responsible activities where it makes sense and where we see that we can create value. Some of these activities are the product of major projects, while others are small everyday actions, which, nevertheless, are equally important when defining Solar as a socially responsible company.</td></tr><tr><td colspan="1">Global Compact</td></tr><tr><td colspan="1">Solar is a registered partner to the UNâs Global Compact and is committed to honouring the Global Compactâs 10 principles, which encompass human rights, working environment/labour, environment and anti-corruption. As an active participant of the UN Global Compact, Solar Group communicate our CSR activities via an annual communication on progress (COP). Our COP report also represents Solar Groupâs compliance with sections 99a and 99b of the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In addition to expressing our continued support for the programme, the report outlines our efforts to reduce CO2 emissions and our compliance with ethical standards.</td></tr><tr><td colspan="1">The report is accessible at www.solar.eu/our-company/corporate-socialresponsibility/ and at the Global Compactâs website www.unglobalcompact.org/what-is-gc/participants/10987-Solar-A-S.</td></tr><tr><td colspan="1">Responsible supplier management</td></tr><tr><td colspan="1">Solar Group operates in a global setting with business partners located internationally. Our global presence underlines the importance of a shared framework for responsible business and ethical behaviour. We seek to ensure safety in our supply chain by requiring our suppliers to act in compliance with the UN Global Compact through our Supplier Code of Conduct.</td></tr><tr><td colspan="1">Therefore, Solar Group has intensified the focus on our collaboration with our suppliers in an on-going effort to promote Corporate Social Responsibility â both for us, and for our suppliers. In an updated code of conduct, we have strengthened our expectations of our suppliers.</td></tr><tr><td colspan="1">Our Supplier Code of Conduct communicates a requirement for our suppliers to comply with and support internationally declared human rights and labour standards, endeavour to uphold environmental standards, and to support and comply with a zero tolerance policy on corruption.</td></tr><tr><td colspan="1">Our Supplier Code of Conduct forms the basis of dialogue and control with our suppliers with regard to responsibility. Therefore, we are now in the process of ensuring their commitment to our code of conduct.</td></tr><tr><td colspan="1">Carbon Disclosure Project (CDP)</td></tr><tr><td colspan="1">Solar has set up a reporting system for the companyâs CO2 consumption, and is rolling this out in most of our subsidiaries. One area measured is CO2 emissions generated from the direct burning of fossil fuels, i.e. fuel consumption relating to company vehicles, forklifts, etc.</td></tr><tr><td colspan="1">Other areas measured include CO2 emissions from purchased electricity and from goods distribution. All results are reported to the Carbon Disclosure Project.</td></tr><tr><td colspan="1">SOS Childrenâs Villages</td></tr><tr><td colspan="1">In 2015, the Solar Group entered into a partnership with SOS Childrenâs Villages to ensure a sustainable energy supply for an SOS childrenâs village in Zanzibar, Tanzania.</td></tr><tr><td colspan="1">Due to heavy rains and extensive use, the childrenâs villageâs essential electricity and water supply systems were damaged. In an award-winning partnership with Siemens and Engineers Without Borders, we carried out a renovation of the childrenâs village to ensure water and sustainable energy supply for the 92 orphans.</td></tr><tr><td colspan="1">The project in Zanzibar marked the start of a long-term corporate social responsibility partnership to bring the benefits of solar power and clean energy technologies to one of the poorest countries in Africa. And though we have concluded our involvement in Zanzibar, our partnership with the SOS Childrenâs Villages continues.</td></tr><tr><td colspan="1">Over the coming three years, Solar Group together with Engineers without Borders and SOS Childrenâs Villages will be implementing solar energy in a childrenâs village in Ethiopia to provide a much cheaper and stable energy source.</td></tr><tr><td colspan="1">The extreme situation in some parts of Africa made first Zanzibar and since Ethiopia an obvious pick for Solar Group. We are very excited to be able to challenge our expertise within energy efficiency and at the same time make a difference to children in need.</td></tr><tr><td colspan="1">You can read more about our partnership with SOS Childrenâs Villages at www.solar.eu/our-company/corporate-social-responsibility/sos-partnership/.</td></tr></table></mrv:StatementOfCorporateSocialResponsibility>
<mrv:CorporateGovernanceReport contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Corporate Governance</td></tr><tr><td colspan="1">In general Solar follows the corporate governance Recommendations</td></tr><tr><td colspan="1">Overall, Solar views the May 2013 recommendations of the Danish Committee on Corporate Governance as a valuable tool for ensuring sound management, good transparency for shareholders and other stakeholders and for efficient risk management.</td></tr><tr><td colspan="1">Solar, therefore, basically follows the recommendations relevant to the company. A complete description of Solarâs stand on the individual points of the corporate governance recommendations is available at: www.solar.eu/investor/corporate-governance.</td></tr><tr><td colspan="1">Deviations</td></tr><tr><td colspan="1">Solar complies with 44 of 47 recommendations but deviates from</td></tr><tr><td colspan="1">Recommendation on nomination of candidates for the Board of Directors</td></tr><tr><td colspan="1">The Board of Directors neither selects nor nominates candidates to the Board of Directors as it is the Fund of 20th December, which is a majority shareholder, that submits proposals for the composition of the Board of Directors. In this connection, importance is attached to board members representing relevant skills in relation to the companyâs needs.</td></tr><tr><td colspan="1">Recommendation on fixing an age limit for board members</td></tr><tr><td colspan="1">The age of the members of the Board of Directors is listed in Solarâs annual report. Solar wishes to promote age diversity on the Board of Directors but believes that skills are more important than age. Thus there is no fixed retirement age for board members.</td></tr><tr><td colspan="1">Recommendation on establishment of a nomination committee</td></tr><tr><td colspan="1">The Fund of 20th December, the majority shareholder, makes proposals for the composition of the Board of Directors. Due to this ownership structure with a majority shareholder, Solar has not established a permanent nomination committee tasked with nominating members of the Board of Directors.</td></tr><tr><td colspan="1">However, every year, the board evaluates the skills requirements of the Board of Directors. In connection with the appointment of members of the Executive Board, a temporary nomination committee is established.</td></tr><tr><td colspan="1">Evaluation</td></tr><tr><td colspan="1">The chairman carries out the evaluation of the Board of Directorsâ work by means of a questionnaire survey. The purpose is to assess whether the overall skills of the Board of Directors match the companyâs current needs, the quality of material distributed to the board and the holding of the meetings themselves as well as the relevance of issues discussed as regards legal requirements, risk factors and the companyâs development potential. The 2016 evaluation has not given rise to the introduction of additional measures.</td></tr><tr><td colspan="1">Statutory corporate governance statement</td></tr><tr><td colspan="1">Solar has chosen to make the statutory corporate governance statement, cf. Danish Financial Statements Act section 107b, available on the companyâs website.</td></tr><tr><td colspan="1">Please use this link to find the statutory corporate governance statement 2016: www.solar.eu/investor/corporate-governance.</td></tr><tr><td colspan="1">The Audit Committee and Internal Audit</td></tr><tr><td colspan="1">Descriptions about the roles and responsibilities for The Audit Committee and Internal Audit, respectively, are available at: www.solar.eu/investor/corporate-governance.</td></tr></table></mrv:CorporateGovernanceReport>
<mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="ctx1" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Diversity</td></tr><tr><td colspan="1">The Solar Groupâs approach is for all employees to be treated equally, regardless of gender, age, race and religion. All employees have equal opportunities when it comes to employment, terms of employment, training and promotion.</td></tr><tr><td colspan="1">We aim for a higher degree of diversity, as we believe that this will make us a better and stronger business. However, we do not compromise on qualifications. We will continue to employ the most qualified candidate regardless of his/her gender, political, religious or personal orientation.</td></tr><tr><td colspan="1">To avoid a conflict between diversity and aptitude, we have a number of career development initiatives in place for both managers and specialists. These initiatives offer equal opportunities to under-represented groups for growth and promotion to management level.</td></tr><tr><td colspan="1">We believe it is important that the Board of Directors represents a wide diversity of skills, age and gender, and that we maintain a dynamic balance between continuity and renewal through a periodic turnover of board members.</td></tr><tr><td colspan="1">Our diversity policy sets out our objective regarding the composition of the board. Solar wishes its board to be as diverse as possible, including equal participation of women and men, while still ensuring that the board represents the overall skills set required.</td></tr><tr><td colspan="1">In 2016, the Board of Directors revised the deadline for meeting the objective for the under-represented gender of board members. We had expected this objective to be met following Solarâs Annual General Meeting in 2017. However, the objective for the under-represented gender of board members has been put back until after Solarâs Annual General Meeting in 2019. By then, women should make up 40% of the board members elected by the Annual General Meeting, which is deemed a fair distribution by law. Currently, women make up 20% of the board members elected by the Annual General Meeting, which is the same as last year.</td></tr><tr><td colspan="1">At Solar, we operate with two upper management levels: Solar Group Management (SGM) and senior level management. The latter includes vice-presidents or directors who report to an SGM member.</td></tr><tr><td colspan="1">As at 31 December 2016, the overall gender distribution in the two upper management levels was 16% women and 84% men. Solarâs aim is for an overall distribution of women and men of 25% and 75% respectively by 2018.</td></tr><tr><td colspan="1">In support of this objective, we require that both genders are represented among the final candidates for senior management positions.</td></tr></table></mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
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rsrapport</gsd:InformationOnTypeOfSubmittedReport>
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<ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale contextRef="ctx22" unitRef="vDKK" decimals="-6">13000000</ifrs-full:NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale>
<ifrs-full:CurrentAssets contextRef="ctx22" unitRef="vDKK" decimals="-6">1698000000</ifrs-full:CurrentAssets>
<ifrs-full:Assets contextRef="ctx22" unitRef="vDKK" decimals="-6">3355000000</ifrs-full:Assets>
<ifrs-full:IssuedCapital contextRef="ctx22" unitRef="vDKK" decimals="-6">792000000</ifrs-full:IssuedCapital>
<ifrs-full:OtherReserves contextRef="ctx22" unitRef="vDKK" decimals="-6">-65000000</ifrs-full:OtherReserves>
<ifrs-full:RetainedEarnings contextRef="ctx22" unitRef="vDKK" decimals="-6">1104000000</ifrs-full:RetainedEarnings>
<ifrs-full:Equity contextRef="ctx22" unitRef="vDKK" decimals="-6">1831000000</ifrs-full:Equity>
<ifrs-dk:NoncurrentPayablesToCreditInstitutions contextRef="ctx22" unitRef="vDKK" decimals="-6">214000000</ifrs-dk:NoncurrentPayablesToCreditInstitutions>
<ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan contextRef="ctx22" unitRef="vDKK" decimals="-6">1000000</ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan>
<ifrs-full:DeferredTaxLiabilities contextRef="ctx22" unitRef="vDKK" decimals="-6">73000000</ifrs-full:DeferredTaxLiabilities>
<ifrs-full:OtherLongtermProvisions contextRef="ctx22" unitRef="vDKK" decimals="-6">0</ifrs-full:OtherLongtermProvisions>
<ifrs-full:NoncurrentLiabilities contextRef="ctx22" unitRef="vDKK" decimals="-6">288000000</ifrs-full:NoncurrentLiabilities>
<ifrs-dk:CurrentPayablesToCreditInstitutions contextRef="ctx22" unitRef="vDKK" decimals="-6">29000000</ifrs-dk:CurrentPayablesToCreditInstitutions>
<ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers contextRef="ctx22" unitRef="vDKK" decimals="-6">616000000</ifrs-full:TradeAndOtherCurrentPayablesToTradeSuppliers>
<ifrs-dk:TradeAndOtherCurrentPayablesToSubsidiaries contextRef="ctx22" unitRef="vDKK" decimals="-6">303000000</ifrs-dk:TradeAndOtherCurrentPayablesToSubsidiaries>
<ifrs-full:CurrentTaxLiabilitiesCurrent contextRef="ctx22" unitRef="vDKK" decimals="-6">0</ifrs-full:CurrentTaxLiabilitiesCurrent>
<ifrs-full:OtherCurrentPayables contextRef="ctx22" unitRef="vDKK" decimals="-6">257000000</ifrs-full:OtherCurrentPayables>
<ifrs-full:OtherShorttermProvisions contextRef="ctx22" unitRef="vDKK" decimals="-6">6000000</ifrs-full:OtherShorttermProvisions>
<ifrs-dk:LiabilitiesHeldForSale contextRef="ctx22" unitRef="vDKK" decimals="-6">25000000</ifrs-dk:LiabilitiesHeldForSale>
<ifrs-full:CurrentLiabilities contextRef="ctx22" unitRef="vDKK" decimals="-6">1236000000</ifrs-full:CurrentLiabilities>
<ifrs-full:Liabilities contextRef="ctx22" unitRef="vDKK" decimals="-6">1524000000</ifrs-full:Liabilities>
<ifrs-full:EquityAndLiabilities contextRef="ctx22" unitRef="vDKK" decimals="-6">3355000000</ifrs-full:EquityAndLiabilities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx22" unitRef="vDKK" decimals="-6">543000000</ifrs-full:CashAndCashEquivalents>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx23" xml:lang="en">Net profit or loss of continuing operations for the year</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx23" unitRef="vDKK" decimals="-6">125000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx24" xml:lang="en">Net profit or loss of continuing operations for the year</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx24" unitRef="vDKK" decimals="-6">134000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx25" xml:lang="en">Net profit or loss of continuing operations for the year</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx25" unitRef="vDKK" decimals="-6">125000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx26" xml:lang="en">Net profit or loss of continuing operations for the year</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx26" unitRef="vDKK" decimals="-6">167000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx27" xml:lang="en">Cash flow before working capital changes</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx27" unitRef="vDKK" decimals="-6">238000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx28" xml:lang="en">Cash flow before working capital changes</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx28" unitRef="vDKK" decimals="-6">205000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx29" xml:lang="en">Cash flow before working capital changes</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx29" unitRef="vDKK" decimals="-6">162000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx30" xml:lang="en">Cash flow before working capital changes</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx30" unitRef="vDKK" decimals="-6">157000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx31" xml:lang="en">Cash flow from operating activities, continuing operations</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx31" unitRef="vDKK" decimals="-6">219000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx32" xml:lang="en">Cash flow from operating activities, continuing operations</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx32" unitRef="vDKK" decimals="-6">331000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx33" xml:lang="en">Cash flow from operating activities, discontinued operations</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx33" unitRef="vDKK" decimals="-6">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx34" xml:lang="en">Cash flow from operating activities, discontinued operations</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities contextRef="ctx34" unitRef="vDKK" decimals="-6">-53000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInOperatingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx35" xml:lang="en">Capital increase subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx35" unitRef="vDKK" decimals="-6">33000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx36" xml:lang="en">Capital increase subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx36" unitRef="vDKK" decimals="-6">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx37" xml:lang="en">Cash flow from investing activities, continuing operations</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx37" unitRef="vDKK" decimals="-6">-147000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx38" xml:lang="en">Cash flow from investing activities, continuing operations</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx38" unitRef="vDKK" decimals="-6">-24000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx39" xml:lang="en">Cash flow from investing activities, discontinued operations</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx39" unitRef="vDKK" decimals="-6">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx40" xml:lang="en">Cash flow from investing activities, discontinued operations</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx40" unitRef="vDKK" decimals="-6">345000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx41" xml:lang="en">Cash flow from investing activities</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx41" unitRef="vDKK" decimals="-6">-147000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx42" xml:lang="en">Cash flow from investing activities</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx42" unitRef="vDKK" decimals="-6">321000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx43" xml:lang="en">Cash flow from investing activities</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx43" unitRef="vDKK" decimals="-6">-204000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx44" xml:lang="en">Cash flow from investing activities</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities contextRef="ctx44" unitRef="vDKK" decimals="-6">-9000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInInvestingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInFinancingActivities contextRef="ctx45" xml:lang="en">Changes to loans to subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInFinancingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInFinancingActivities contextRef="ctx45" unitRef="vDKK" decimals="-6">78000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInFinancingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInFinancingActivities contextRef="ctx46" xml:lang="en">Changes to loans to subsidiaries</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInFinancingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInFinancingActivities contextRef="ctx46" unitRef="vDKK" decimals="-6">378000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInFinancingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInFinancingActivities contextRef="ctx47" xml:lang="en">Cash flow from financing activities, continuing operations</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInFinancingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInFinancingActivities contextRef="ctx47" unitRef="vDKK" decimals="-6">-388000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInFinancingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInFinancingActivities contextRef="ctx48" xml:lang="en">Cash flow from financing activities, continuing operations</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInFinancingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInFinancingActivities contextRef="ctx48" unitRef="vDKK" decimals="-6">-125000000</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInFinancingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInFinancingActivities contextRef="ctx49" xml:lang="en">Cash flow from financing activities, discontinued operations</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInFinancingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInFinancingActivities contextRef="ctx49" unitRef="vDKK" decimals="-6">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInFinancingActivities>
<ifrs-dk:NameOfComponentOfCashFlowsFromUsedInFinancingActivities contextRef="ctx50" xml:lang="en">Cash flow from financing activities, discontinued operations</ifrs-dk:NameOfComponentOfCashFlowsFromUsedInFinancingActivities>
<ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInFinancingActivities contextRef="ctx50" unitRef="vDKK" decimals="-6">0</ifrs-dk:AmountOfComponentOfCashFlowsFromUsedInFinancingActivities>
<ifrs-full:CashAndCashEquivalents contextRef="ctx51" unitRef="vDKK" decimals="-6">639000000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="ctx52" unitRef="vDKK" decimals="-6">167000000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="ctx53" unitRef="vDKK" decimals="-6">543000000</ifrs-full:CashAndCashEquivalents>
<ifrs-full:CashAndCashEquivalents contextRef="ctx54" unitRef="vDKK" decimals="-6">33000000</ifrs-full:CashAndCashEquivalents>
</xbrli:xbrl>