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| Type | Time | Amount | Unit |
|---|
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| Type | Start date | End date | Amount | Unit |
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<gsd:InformationOnTypeOfSubmittedReport basis:version="3" contextRef="c0" xml:lang="en">Annual report</gsd:InformationOnTypeOfSubmittedReport>
<gsd:DateOfGeneralMeeting contextRef="c0">2018-05-31</gsd:DateOfGeneralMeeting>
<gsd:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="c0" xml:lang="en">Jarl Andreasson</gsd:NameAndSurnameOfChairmanOfGeneralMeeting>
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<gsd:AddressOfAuditorStreetName contextRef="c1" xml:lang="en">Jens Chr. Skous Vej</gsd:AddressOfAuditorStreetName>
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<sob:StatementByExecutiveAndSupervisoryBoards contextRef="c0" xml:lang="en"><p xmlns="http://www.w3.org/1999/xhtml">The board of directors and the managing director have today presented the annual report of AAK Denmark Holding A/S for the financial year 1 January to 31 December 2017.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">The annual report has been presented in accordance with the Danish Financial Statements Act.</p>
<p xmlns="http://www.w3.org/1999/xhtml">We consider the accounting policies used appropriate, and in our opinion the annual accounts provide a true and fair view of the company's assets and liabilities and its financial position as on 31 December 2017 and of the company's results of Its activities in the financial year 1 January to 31 December 2017.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">We are of the opinion that the management's review includes a fair description of the issues dealt with.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">The annual report is recommended for approval by the general meeting.</p></sob:StatementByExecutiveAndSupervisoryBoards>
<sob:PlaceOfSignatureOfStatement contextRef="c0" xml:lang="en">Aarhus</sob:PlaceOfSignatureOfStatement>
<sob:DateOfApprovalOfAnnualReport contextRef="c0">2018-05-31</sob:DateOfApprovalOfAnnualReport>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="c2" xml:lang="en">Dorthe Bruun</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="c3" xml:lang="en">Eva Gotthardsson</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="c4" xml:lang="en">Jarl Andreasson</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="c5" xml:lang="en">Eva Gotthardsson</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="c6" xml:lang="en">Fredrik Nilsson</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<arr:IndependentAuditorsReportsAudit contextRef="c0" xml:lang="en">The independent auditor's report on financial statements</arr:IndependentAuditorsReportsAudit>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="c0" xml:lang="en">To the shareholders of AAK DENMARK HOLDING A/S</arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:TypeOfModifiedOpinionOnAuditedFinancialStatements contextRef="c0" xml:lang="en">Opinion</arr:TypeOfModifiedOpinionOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="c0" xml:lang="en">In our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2017, and of the results of the Companyâs operations for the financial year 1 January - 31 December 2017 in accordance with the Danish Financial Statements Act.
We have audited the Financial Statements of AAK Denmark Holding A/S for the financial year 1 January - 31 December 2017, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies ("financial statements").</arr:OpinionOnAuditedFinancialStatements>
<arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements contextRef="c0" xml:lang="en">Basis for Opinion</arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="c0" xml:lang="en">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. We are independent of the Company in accordance with the International Ethics Standards Board for Accountantsâ Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark, 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.</arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="c0" xml:lang="en">Management is responsible for the preparation of Financial Statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, Management is responsible for assessing the Companyâs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.</arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="c0" xml:lang="en">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.
As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- 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.
- 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 Companyâs internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.
- Conclude on the appropriateness of Managementâs use of the going concern basis of accounting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the 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 Company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.
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.</arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="c0" xml:lang="en">Management is responsible for Managementâs Review.
Our opinion on the financial statements does not cover Managementâs Review, and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read Managementâs Review and, in doing so, consider whether Managementâs Review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.
Moreover, it is our responsibility to consider whether Managementâs Review provides the information required under the Danish Financial Statements Act.
Based on the work we have performed, in our view, Managementâs Review is in accordance with the 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.</arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:SignatureOfAuditorsPlace contextRef="c0" xml:lang="en">Aarhus</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="c0">2018-05-31</arr:SignatureOfAuditorsDate>
<cmn:NameAndSurnameOfAuditor contextRef="c7" xml:lang="en">Lars Greve Jensen</cmn:NameAndSurnameOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="c7" xml:lang="en">mne32199</cmn:IdentificationNumberOfAuditor>
<cmn:DescriptionOfAuditor contextRef="c7" xml:lang="en">statsautoriseret revisor</cmn:DescriptionOfAuditor>
<cmn:NameOfAuditFirm contextRef="c7" xml:lang="en">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="c7" xml:lang="en">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<mrv:ManagementsReview contextRef="c0" xml:lang="en"><p xmlns="http://www.w3.org/1999/xhtml">The main activity for AAK Denmark Holding A/S has in 2017 been to be a holding company for Danish and foreign companies. The main activity of these companies is to develop and produce vegetable oils of high quality, as ingredience for the food industry among others.</p>
<p xmlns="http://www.w3.org/1999/xhtml">
<br/>The company result has been impacted by dividend paid from subsidiaries at 153 mDKK. The company has in 2017 liquidated the subsidiary Fontannaz Holding Ltd., including its subsidiaries. The liquidation has caused a gain at 8 mDKK.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">The company result for 2017 is 162 mDKK which is in accordance with the expected result. The equity as at end of 2017 is 1.427 mDKK.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">The result for 2018 is expected to be approximately the same size as in 2017, however it depends on how the dividend patterns end up during the year.</p></mrv:ManagementsReview>
<mrv:InformationOnCalculationOfKeyFiguresAndFinancialRatios contextRef="c0" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse">
<tbody>
<tr>
<td style="padding:0cm 5.4pt; width:203.4pt" valign="top">
<p>Â </p>
<p>
<strong>Key figures</strong>
</p>
</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">
<br/>
<strong>2013</strong></td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">
<br/>
<strong>2014</strong></td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">
<br/>
<strong>2015</strong></td>
<td style="padding:0cm 5.4pt; text-align:right; width:53.9pt" valign="top">
<br/>
<strong>2016</strong></td>
<td style="padding:0cm 5.4pt; text-align:right; width:46.95pt" valign="top">
<br/>
<strong>2017</strong></td>
</tr>
<tr>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; width:203.4pt" valign="top">Â </td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">
<strong>mkr.</strong>
</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">
<strong>mkr.</strong>
</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">
<strong>mkr.</strong>
</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:53.9pt" valign="top">
<strong>mkr.</strong>
</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:46.95pt" valign="top">
<strong>mkr.</strong>
</td>
</tr>
<tr>
<td style="padding:0cm 5.4pt; width:203.4pt" valign="top">
<br/> Income from investment in group enterprises</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">
<p>Â </p>
<p>Â </p>
<p>634,6</p>
</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">
<p>Â </p>
<p>Â </p>
<p>411,8</p>
</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">
<p>
<br/> Â </p>
<p>60,1</p>
</td>
<td style="padding:0cm 5.4pt; text-align:right; width:53.9pt" valign="top">
<p>
<br/> Â </p>
<p>168,2</p>
</td>
<td style="padding:0cm 5.4pt; text-align:right; width:46.95pt" valign="top">
<p>Â </p>
<p>Â </p>
<p>161,9</p>
</td>
</tr>
<tr>
<td style="padding:0cm 5.4pt; width:203.4pt" valign="top">Profit from ordinary operating activities</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">635,0</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">411,6</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">60,0</td>
<td style="padding:0cm 5.4pt; text-align:right; width:53.9pt" valign="top">168,1</td>
<td style="padding:0cm 5.4pt; text-align:right; width:46.95pt" valign="top">161,9</td>
</tr>
<tr>
<td style="padding:0cm 5.4pt; width:203.4pt" valign="top">Net financials</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">-9,8</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">-27,9</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">-7,9</td>
<td style="padding:0cm 5.4pt; text-align:right; width:53.9pt" valign="top">0,6</td>
<td style="padding:0cm 5.4pt; text-align:right; width:46.95pt" valign="top">0,3</td>
</tr>
<tr>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; width:203.4pt" valign="top">Profit</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">645,4</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">390,9</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">53,6</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:53.9pt" valign="top">168,7</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:46.95pt" valign="top">161,9</td>
</tr>
<tr>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; width:203.4pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:53.9pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:46.95pt" valign="top">Â </td>
</tr>
<tr>
<td style="padding:0cm 5.4pt; width:203.4pt" valign="top">Total assets</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">1.082,1</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">1.082,2</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">1.119,0</td>
<td style="padding:0cm 5.4pt; text-align:right; width:53.9pt" valign="top">1.278,4</td>
<td style="padding:0cm 5.4pt; text-align:right; width:46.95pt" valign="top">1.427,3</td>
</tr>
<tr>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; width:203.4pt" valign="top">Equity</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">652,1</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">1.042,9</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">1.096,5</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:53.9pt" valign="top">1.265,2</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:46.95pt" valign="top">1.427,2</td>
</tr>
<tr>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; width:203.4pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:53.9pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:46.95pt" valign="top">Â </td>
</tr>
<tr>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; width:203.4pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:53.9pt" valign="top">Â </td>
<td style="border-image:none; border:currentColor; padding:0cm 5.4pt; text-align:right; width:46.95pt" valign="top">Â </td>
</tr>
<tr>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; width:203.4pt" valign="top">
<br/>
<strong>Financial ratios</strong></td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">Â </td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">Â </td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">Â </td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:53.9pt" valign="top">Â </td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:46.95pt" valign="top">Â </td>
</tr>
<tr>
<td style="padding:0cm 5.4pt; width:203.4pt" valign="top">
<br/> Equity ratio</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">
<br/> 60,3 %</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">
<br/> 96,4 %</td>
<td style="padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">
<br/> 98,0 %</td>
<td style="padding:0cm 5.4pt; text-align:right; width:53.9pt" valign="top">
<br/> 99,0 %</td>
<td style="padding:0cm 5.4pt; text-align:right; width:46.95pt" valign="top">
<br/> 99,9 %</td>
</tr>
<tr>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; width:203.4pt" valign="top">Return on equity</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">89,9 %</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">46,1 %</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:54pt" valign="top">5,0 %</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:53.9pt" valign="top">14,3 %</td>
<td style="border-color:currentColor currentColor windowtext; border-style:none none solid; border-width:medium medium 1pt; padding:0cm 5.4pt; text-align:right; width:46.95pt" valign="top">12,0 %</td>
</tr>
</tbody>
</table>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p></mrv:InformationOnCalculationOfKeyFiguresAndFinancialRatios>
<fsa:InformationOnReportingClassOfEntity contextRef="c0" xml:lang="en">The annual report has been prepared in accordance with the regulation applying to Reporting class C, medium-size enterprise.</fsa:InformationOnReportingClassOfEntity>
<fsa:ClassOfReportingEntity contextRef="c0" xml:lang="en">Reporting class C, medium-size enterprise</fsa:ClassOfReportingEntity>
<fsa:DisclosureOfAccountingPolicies contextRef="c0" xml:lang="en"><p xmlns="http://www.w3.org/1999/xhtml">The accounting policies used are unchanged compared to last year. Last years figures have been changed in order to improve comparison for current tax in the balance sheet (presentet net) and a reklassification of cashpool from non-current to current (receivables from group enterprises).</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">The annual accounts are presented in Danish kroner (DKK).</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">No consolidated annual accounts have been prepared, cf. section 112(1) of the Danish Financial Statements Act. The annual accounts of AAK Denmark Holding AIS and its group enterprises are included in the consolidated annual accounts for AAK AB, Malmo, Sweden (reg.no. 556669-2850).</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>Pursuant to section 86(4) of the Danish Financial Statements Act, no cash flow statement for the enterprise has been prepared, as the relevant information is included in the consolidated annual accounts of AAK AB.
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>Recognition and measurement in general</strong>
</p>
<p xmlns="http://www.w3.org/1999/xhtml">Assets are recognised in the balance sheet when the company is liable to achieve fixture, financial benefits and the value of the asset can be measured reliably.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">Liabilities are recognised in the balance sheet when the company is liable to lose future, financial benefits and the value of the liability can be measured reliably.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">At the first recognition, assets and liabilities are measured at cost. Later, assets and liabilities are measured as described below for each individual accounting item. At recognition and measurement, such predictable losses and risks are taken into consideration, which may appear before the annual report is presented, and which concerns matters existing on the balance sheet date.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">Income is recognised in the profit and loss account concurrently with its realisation, including the recognition of value adjustments of financial assets and liabilities. Likewise, all costs, these including depreciation, amortisation, writedown, provisions, and reversals which are due to changes in estimated amounts previously recognised in the profit and loss account are recognised in the profit and loss account.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>Translation of foreign currency</strong>
</p>
<p xmlns="http://www.w3.org/1999/xhtml">Transactions in foreign currency are translated by using the exchange rate prevailing at the date of the transaction.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">Differences in the rate of exchange arising between the rate at the date of transaction and the rate at the date of payment are recognised in the profit and loss account as an item under net financials.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">Debtors, creditors, and other monetary items in foreign currency are translated by using the closing rate. The difference between the closing rate and the rate at the time of the occurrence or the recognition in the latest annual accounts of the amount owed or the liability is recognised in the profit and loss account under financial income and expenses.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<br/>
<strong>Derivative financial instruments</strong>
</p>
<p xmlns="http://www.w3.org/1999/xhtml">Derivative financial instruments are initially recognized in the Balance Sheet at cost and are subsequently measured at fair value. Positive and negative fair values of derivative financial instruments are included in other receivables and other payables, respectively.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">Changes in the fair value of derivative financial instruments designated as and qualifying for recognition as a hedge of the fair value of a recognized asset or liability are recognized in the Income Statement together with changes in the fair value of the hedged asset or liability.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">For derivative financial instruments that do not qualify for hedge accounting,
<br/>changes in fair value are recognized in the Income Statement on a regular basis.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>Profit and loss account </strong>
</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>Administration costs</strong>
<br/>Administration costs comprise costs which have been incurred during the year for management and administration.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>Result from investments in group enterprises</strong>
<br/>Dividends from group enterprises are recognized in the profit and loss account in the financial year where dividend have been declared. In the circumstances that the dividend exceeds the accumulated profit after acquisition, are dividends recognized as a reduction in acquisition cost.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>Financial income and expences</strong>
</p>
<p xmlns="http://www.w3.org/1999/xhtml">Financial income and expenses includes interest, gain and loss on financial assets. debt and transaction in foreign currency, and amortising of financial assets and liabilities.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>Tax of the result of the year</strong>
<br/>AAK Denmark Holding A/S is taxed jointly with other Danish AAK companies. The actual tax are split between companies relative to the companies taxable income.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">The tax for the year comprises the current tax for the year and the changes in deferred tax, and it is recognised in the profit and loss account with the share referring to the results for the year and directly in the equity with the share referring to entries directly on the equity.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>The balance sheet </strong>
</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>Investment in group enterprises</strong>
<br/>Investments in group enterprises are measured at cost. Writedown takes place to recoverable value, if this value is lower than book value. Book value are reduced with dividend that exceeds the accumulated profit after acquisition.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>Debtors</strong>
<br/>Debtors are measured at amortised cost which usually corresponds to the nominal value. In order to meet expected losses, writedown takes place at the net realisable value.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>Other Securities</strong>
<br/>Listed securities and other investment recognised as non-current and current is measured at market value on the balance sheet date.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>Equity</strong>Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">Proposed dividend is recognised as a liability at the time of decleraton. Proposed dividend is shown as a seperate item under equity.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>Corporate tax and deferred tax</strong>
</p>
<p xmlns="http://www.w3.org/1999/xhtml">Current tax receivable and tax liabilities are recognised in the balance sheet at the amount calculated on the basis of the expected taxable income for the year adjusted for tax on previous years' taxable income and prepaid taxes.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">Deferred tax is measured on the basis of all temporary differences in assets and liabilities with a balance sheet focus.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">Deferred tax is measured based on the tax rules and tax rates applying under the legislation on the balance sheet date and prevailing when the deferred tax is expected to be released as current tax.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>Other liabilities</strong>
<br/>Other liabilities are measured at amortised cost which usually correspond to the nominal value.</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<strong>Financial ratios</strong>
</p>
<p xmlns="http://www.w3.org/1999/xhtml">The financial rations given in Key Figures and Financial Ratios are calculated this way:
<br/>- Equity ration: Equity, end of year x 100 / Total liability aasset, end of year
<br/>- Return on equity: Profit x 100 / Average equity</p></fsa:DisclosureOfAccountingPolicies>
<fsa:ExplanationOfNotDisclosingCashFlowsStatements contextRef="c0" xml:lang="en">Pursuant to section 86(4) of the Danish Financial Statements Act, no cash flow statement for the enterprise has been prepared, as the relevant information is included in the consolidated annual accounts of AAK AB.</fsa:ExplanationOfNotDisclosingCashFlowsStatements>
<fsa:IncomeFromInvestmentsInGroupEnterprises contextRef="c0" decimals="0" unitRef="u0">161900723</fsa:IncomeFromInvestmentsInGroupEnterprises>
<fsa:IncomeFromInvestmentsInGroupEnterprises contextRef="c8" decimals="0" unitRef="u0">168177000</fsa:IncomeFromInvestmentsInGroupEnterprises>
<fsa:AdministrativeExpenses contextRef="c0" decimals="0" unitRef="u0">33240</fsa:AdministrativeExpenses>
<fsa:AdministrativeExpenses contextRef="c8" decimals="0" unitRef="u0">34144</fsa:AdministrativeExpenses>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="c0" decimals="0" unitRef="u0">161867483</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="c8" decimals="0" unitRef="u0">168142856</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:OtherFinanceIncomeFromGroupEnterprises contextRef="c0" decimals="0" unitRef="u0">345843</fsa:OtherFinanceIncomeFromGroupEnterprises>
<fsa:OtherFinanceIncomeFromGroupEnterprises contextRef="c8" decimals="0" unitRef="u0">107363</fsa:OtherFinanceIncomeFromGroupEnterprises>
<fsa:OtherFinanceIncome contextRef="c0" decimals="0" unitRef="u0">0</fsa:OtherFinanceIncome>
<fsa:OtherFinanceIncome contextRef="c8" decimals="0" unitRef="u0">18119144</fsa:OtherFinanceIncome>
<fsa:FinanceExpensesArisingFromGroupEnterprises contextRef="c0" decimals="0" unitRef="u0">0</fsa:FinanceExpensesArisingFromGroupEnterprises>
<fsa:FinanceExpensesArisingFromGroupEnterprises contextRef="c8" decimals="0" unitRef="u0">32824</fsa:FinanceExpensesArisingFromGroupEnterprises>
<fsa:RestOfOtherFinanceExpenses contextRef="c0" decimals="0" unitRef="u0">66798</fsa:RestOfOtherFinanceExpenses>
<fsa:RestOfOtherFinanceExpenses contextRef="c8" decimals="0" unitRef="u0">17571227</fsa:RestOfOtherFinanceExpenses>
<fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="c0" decimals="0" unitRef="u0">162146528</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
<fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="c8" decimals="0" unitRef="u0">168765312</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
<fsa:TaxExpense contextRef="c0" decimals="0" unitRef="u0">201892</fsa:TaxExpense>
<fsa:TaxExpense contextRef="c8" decimals="0" unitRef="u0">42118</fsa:TaxExpense>
<fsa:ProfitLoss contextRef="c0" decimals="0" unitRef="u0">161944636</fsa:ProfitLoss>
<fsa:ProfitLoss contextRef="c8" decimals="0" unitRef="u0">168723194</fsa:ProfitLoss>
<fsa:LongtermInvestmentsInGroupEnterprises contextRef="c9" decimals="0" unitRef="u0">1013621678</fsa:LongtermInvestmentsInGroupEnterprises>
<fsa:LongtermInvestmentsInGroupEnterprises contextRef="c10" decimals="0" unitRef="u0">1024804961</fsa:LongtermInvestmentsInGroupEnterprises>
<fsa:OtherLongtermInvestments contextRef="c9" decimals="0" unitRef="u0">4825</fsa:OtherLongtermInvestments>
<fsa:OtherLongtermInvestments contextRef="c10" decimals="0" unitRef="u0">5574</fsa:OtherLongtermInvestments>
<fsa:LongtermInvestmentsAndReceivables contextRef="c9" decimals="0" unitRef="u0">1013626503</fsa:LongtermInvestmentsAndReceivables>
<fsa:LongtermInvestmentsAndReceivables contextRef="c10" decimals="0" unitRef="u0">1024810535</fsa:LongtermInvestmentsAndReceivables>
<fsa:NoncurrentAssets contextRef="c9" decimals="0" unitRef="u0">1013626503</fsa:NoncurrentAssets>
<fsa:NoncurrentAssets contextRef="c10" decimals="0" unitRef="u0">1024810535</fsa:NoncurrentAssets>
<fsa:ShorttermReceivablesFromGroupEnterprises contextRef="c9" decimals="0" unitRef="u0">413659606</fsa:ShorttermReceivablesFromGroupEnterprises>
<fsa:ShorttermReceivablesFromGroupEnterprises contextRef="c10" decimals="0" unitRef="u0">237437319</fsa:ShorttermReceivablesFromGroupEnterprises>
<fsa:ShorttermTaxReceivables contextRef="c9" decimals="0" unitRef="u0">0</fsa:ShorttermTaxReceivables>
<fsa:ShorttermTaxReceivables contextRef="c10" decimals="0" unitRef="u0">3001066</fsa:ShorttermTaxReceivables>
<fsa:ShorttermReceivables contextRef="c9" decimals="0" unitRef="u0">413659606</fsa:ShorttermReceivables>
<fsa:ShorttermReceivables contextRef="c10" decimals="0" unitRef="u0">240438385</fsa:ShorttermReceivables>
<fsa:CurrentAssets contextRef="c9" decimals="0" unitRef="u0">413659606</fsa:CurrentAssets>
<fsa:CurrentAssets contextRef="c10" decimals="0" unitRef="u0">240438385</fsa:CurrentAssets>
<fsa:Assets contextRef="c9" decimals="0" unitRef="u0">1427286109</fsa:Assets>
<fsa:Assets contextRef="c10" decimals="0" unitRef="u0">1265248920</fsa:Assets>
<fsa:ContributedCapital contextRef="c9" decimals="0" unitRef="u0">400000000</fsa:ContributedCapital>
<fsa:ContributedCapital contextRef="c10" decimals="0" unitRef="u0">400000000</fsa:ContributedCapital>
<fsa:RetainedEarnings contextRef="c9" decimals="0" unitRef="u0">627168956</fsa:RetainedEarnings>
<fsa:RetainedEarnings contextRef="c10" decimals="0" unitRef="u0">865224320</fsa:RetainedEarnings>
<fsa:ProposedDividendRecognisedInEquity contextRef="c9" decimals="0" unitRef="u0">400000000</fsa:ProposedDividendRecognisedInEquity>
<fsa:ProposedDividendRecognisedInEquity contextRef="c10" decimals="0" unitRef="u0">0</fsa:ProposedDividendRecognisedInEquity>
<fsa:Equity contextRef="c9" decimals="0" unitRef="u0">1427168956</fsa:Equity>
<fsa:Equity contextRef="c10" decimals="0" unitRef="u0">1265224320</fsa:Equity>
<fsa:ShorttermTaxPayables contextRef="c9" decimals="0" unitRef="u0">92553</fsa:ShorttermTaxPayables>
<fsa:ShorttermTaxPayables contextRef="c10" decimals="0" unitRef="u0">0</fsa:ShorttermTaxPayables>
<fsa:OtherShorttermPayables contextRef="c9" decimals="0" unitRef="u0">24600</fsa:OtherShorttermPayables>
<fsa:OtherShorttermPayables contextRef="c10" decimals="0" unitRef="u0">24600</fsa:OtherShorttermPayables>
<fsa:ShorttermLiabilitiesOtherThanProvisions contextRef="c9" decimals="0" unitRef="u0">117153</fsa:ShorttermLiabilitiesOtherThanProvisions>
<fsa:ShorttermLiabilitiesOtherThanProvisions contextRef="c10" decimals="0" unitRef="u0">24600</fsa:ShorttermLiabilitiesOtherThanProvisions>
<fsa:LiabilitiesOtherThanProvisions contextRef="c9" decimals="0" unitRef="u0">117153</fsa:LiabilitiesOtherThanProvisions>
<fsa:LiabilitiesOtherThanProvisions contextRef="c10" decimals="0" unitRef="u0">24600</fsa:LiabilitiesOtherThanProvisions>
<fsa:LiabilitiesAndEquity contextRef="c9" decimals="0" unitRef="u0">1427286109</fsa:LiabilitiesAndEquity>
<fsa:LiabilitiesAndEquity contextRef="c10" decimals="0" unitRef="u0">1265248920</fsa:LiabilitiesAndEquity>
<fsa:Equity contextRef="c11" decimals="0" unitRef="u0">400000000</fsa:Equity>
<fsa:Equity contextRef="c12" decimals="0" unitRef="u0">865224320</fsa:Equity>
<fsa:Equity contextRef="c13" decimals="0" unitRef="u0">0</fsa:Equity>
<fsa:Equity contextRef="c14" decimals="0" unitRef="u0">1265224320</fsa:Equity>
<fsa:ProfitLoss contextRef="c15" decimals="0" unitRef="u0">-238055364</fsa:ProfitLoss>
<fsa:ProfitLoss contextRef="c16" decimals="0" unitRef="u0">400000000</fsa:ProfitLoss>
<fsa:ProfitLoss contextRef="c0" decimals="0" unitRef="u0">161944636</fsa:ProfitLoss>
<fsa:Equity contextRef="c17" decimals="0" unitRef="u0">400000000</fsa:Equity>
<fsa:Equity contextRef="c18" decimals="0" unitRef="u0">627168956</fsa:Equity>
<fsa:Equity contextRef="c19" decimals="0" unitRef="u0">400000000</fsa:Equity>
<fsa:Equity contextRef="c9" decimals="0" unitRef="u0">1427168956</fsa:Equity>
<fsa:DisclosureOfInvestments contextRef="c0" xml:lang="en"><table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse:collapse; border-image:none; border:0pt currentColor; width:650px">
<tbody>
<tr>
<th style="border-image:none; border:0pt currentColor; width:70%">Â </th>
<th style="border-image:none; border:0pt currentColor; font-weight:bold; text-align:right; width:15%">Investment in group enterprises</th>
</tr>
<tr>
<th>Â </th>
<th style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; padding-bottom:10px; text-align:right">mkr.</th>
</tr>
<tr>
<td>Acquisition 1 Janaury 2017</td>
<td style="text-align:right">1.028</td>
</tr>
<tr>
<td>Additions</td>
<td style="text-align:right">0</td>
</tr>
<tr>
<td>Disposals</td>
<td style="text-align:right">-14</td>
</tr>
<tr>
<td style="font-weight:bold">Acquisition 31 December 2017</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:2px; border-top-color:currentColor; border-top-style:solid; border-top-width:2px; font-weight:bold; text-align:right">1.014</td>
</tr>
<tr>
<td>Â </td>
</tr>
<tr>
<td style="text-align:right">Â </td>
<td style="text-align:right">Â </td>
</tr>
<tr>
<td>Revaluations, 1 Janaury 2017</td>
<td style="text-align:right">-3</td>
</tr>
<tr>
<td>Revaluation on disposals</td>
<td style="text-align:right">3</td>
</tr>
<tr>
<td style="font-weight:bold">Revaluations  31 December 2017</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:2px; border-top-color:currentColor; border-top-style:solid; border-top-width:2px; font-weight:bold; text-align:right">0</td>
</tr>
<tr>
<td>Â </td>
</tr>
<tr>
<td style="text-align:right">Â </td>
<td style="text-align:right">Â </td>
</tr>
<tr>
<td style="font-weight:bold">Book value 31 December 2017</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; font-weight:bold; text-align:right">1.014</td>
</tr>
<tr>
<td/>
</tr>
<tr>
<td>Â </td>
</tr>
<tr>
<td style="text-align:right">Â </td>
<td style="text-align:right">Â </td>
</tr>
<tr>
<td/>
</tr>
</tbody>
</table>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">
<br/>Investment in group enterprises includes:</p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<table xmlns="http://www.w3.org/1999/xhtml" style="border-collapse:collapse; border-image:none; border:0pt currentColor; width:100%">
<tbody>
<tr>
<th style="border-image:none; border:0pt currentColor; text-align:left; width:55%">Name and domicile,</th>
<th style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; font-weight:bold; text-align:right; width:15%">Share of ownership</th>
<th style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; font-weight:bold; text-align:right; width:15%">Equity 31 December 2017</th>
<th style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; font-weight:bold; text-align:right; width:15%">Result 2017</th>
</tr>
<tr>
<th style="border-image:none; border:0pt currentColor; text-align:left; width:55%">Â </th>
<th style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; font-weight:bold; text-align:right; width:15%">%</th>
<th style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; font-weight:bold; text-align:right; width:15%">mkr.</th>
<th style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; font-weight:bold; text-align:right; width:15%">mkr.</th>
</tr>
<tr>
<td>AAK Mexico S.A. de C.V., Morelia, Mexico</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">99</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">716</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">107</td>
</tr>
<tr>
<td>AAK UK Ltd.; Hull, Storbritannien</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">100</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">268</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">85</td>
</tr>
<tr>
<td>AAK Denmark A/S, Aarhus</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">100</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">945</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">135</td>
</tr>
<tr>
<td>Aarhus Malaysia Sdn.Bhd., Teluk Intan, Malaysia</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">100</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">1</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">0</td>
</tr>
<tr>
<td>Aarhus 3 A/S, Aarhus</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">100</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">15</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">0</td>
</tr>
<tr>
<td>Aarhus 1 A/S, Aarhus</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">100</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">32</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">0</td>
</tr>
<tr>
<td>Ceylon Trading Co. Ltd</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">100</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">18</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">7</td>
</tr>
<tr>
<td>Anglia Oils Ltd.</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">100</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">1</td>
<td style="border-bottom-color:currentColor; border-bottom-style:solid; border-bottom-width:1px; text-align:right">0</td>
</tr>
</tbody>
</table>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p></fsa:DisclosureOfInvestments>
<fsa:DisclosureOfContributedCapital contextRef="c0" xml:lang="en"><p xmlns="http://www.w3.org/1999/xhtml">The share capital consists of 4,000,000 shares, each with a nominel value of 100 kr. No shares hold particular rights.</p></fsa:DisclosureOfContributedCapital>
<fsa:DisclosureOfSignificantEventsOccurringAfterEndOfReportingPeriod contextRef="c0" xml:lang="en"><p xmlns="http://www.w3.org/1999/xhtml">
<span>
<span>No events have occurred subsequent to the balance sheet date, which would have material impact on the financial position of the company.</span>
</span>
</p></fsa:DisclosureOfSignificantEventsOccurringAfterEndOfReportingPeriod>
<fsa:DisclosureOfContingentLiabilities contextRef="c0" xml:lang="en"><p xmlns="http://www.w3.org/1999/xhtml">The company is the administration company of the group of companies subject to the Danish scheme of joint taxation and unlmited joinly and several liable with the other joint taxed companies for the total corporation tax.</p></fsa:DisclosureOfContingentLiabilities>
<fsa:DisclosureOfOwnership contextRef="c0" xml:lang="en"><h3 xmlns="http://www.w3.org/1999/xhtml">Ownership</h3>
<p xmlns="http://www.w3.org/1999/xhtml">
<span>The company is owned 100 % by</span> AAK AB (reg.nr. 556669-2850), Malmö,
<span>Sverige.</span></p>
<h3 xmlns="http://www.w3.org/1999/xhtml">Group</h3>
<p xmlns="http://www.w3.org/1999/xhtml">The company is included in the Group Annual Report forÂ
<span>AAK AB. The Group Annual report can be downloaded at www.aak.com</span></p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p>
<p xmlns="http://www.w3.org/1999/xhtml">Â </p></fsa:DisclosureOfOwnership>
<fsa:InformationOnTransactionsWithRelatedPartiesConcludedUnderNormalMarketConditions contextRef="c0" xml:lang="en"><p xmlns="http://www.w3.org/1999/xhtml">Related parties with controlling interest is AAK AB and its subsidiaries.</p>
<p xmlns="http://www.w3.org/1999/xhtml">The company has chosen only to show transactions with related parties not made on arms length basis. There have been none of such transactions in 2017.</p></fsa:InformationOnTransactionsWithRelatedPartiesConcludedUnderNormalMarketConditions>
<fsa:ProfitLoss contextRef="c20" decimals="0" unitRef="u0">400000000</fsa:ProfitLoss>
<fsa:ProfitLoss contextRef="c21" decimals="0" unitRef="u0">0</fsa:ProfitLoss>
<fsa:ProfitLoss contextRef="c22" decimals="0" unitRef="u0">-238055364</fsa:ProfitLoss>
<fsa:ProfitLoss contextRef="c23" decimals="0" unitRef="u0">168723194</fsa:ProfitLoss>
<fsa:ProfitLoss contextRef="c0" decimals="0" unitRef="u0">161944636</fsa:ProfitLoss>
<fsa:ProfitLoss contextRef="c8" decimals="0" unitRef="u0">168723194</fsa:ProfitLoss>
<sob:TheReportingEntityAppliesTheExceptionConcerningOptingOutOfTheStatementByManagementEtc contextRef="c0" xml:lang="en">false</sob:TheReportingEntityAppliesTheExceptionConcerningOptingOutOfTheStatementByManagementEtc>
<fsa:SelectedElementsFromReportingClassD contextRef="c0" xml:lang="en">false</fsa:SelectedElementsFromReportingClassD>
<fsa:AccountingPoliciesAreUnchangedFromPreviousPeriod contextRef="c0" xml:lang="en">true</fsa:AccountingPoliciesAreUnchangedFromPreviousPeriod>
<gsd:PrecedingReportingPeriodStartDate contextRef="c0">2016-01-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="c0">2016-12-31</gsd:PredingReportingPeriodEndDate>
<cmn:TypeOfAuditorAssistance contextRef="c0" xml:lang="en">Auditor's report on audited financial statements</cmn:TypeOfAuditorAssistance>
<arr:ReportingResponsibilitiesAccordingToTheDanishExecutiveOrderOnApprovedAuditorsReportsEspeciallyTheCriminalCodeAndFiscalTaxAndSubsidyLegislationAudit contextRef="c0" xml:lang="en">false</arr:ReportingResponsibilitiesAccordingToTheDanishExecutiveOrderOnApprovedAuditorsReportsEspeciallyTheCriminalCodeAndFiscalTaxAndSubsidyLegislationAudit>
<arr:ReportingResponsibilitiesAccordingToTheDanishExecutiveOrderOnApprovedAuditorsReportsEspeciallyTheCompaniesActOrEquivalentLegislationThatTheCompanyIsSubjectToAudit contextRef="c0" xml:lang="en">false</arr:ReportingResponsibilitiesAccordingToTheDanishExecutiveOrderOnApprovedAuditorsReportsEspeciallyTheCompaniesActOrEquivalentLegislationThatTheCompanyIsSubjectToAudit>
<arr:ReportingResponsibilitiesAccordingToTheDanishExecutiveOrderOnApprovedAuditorsReportsEspeciallyLegislationOnFinancialReportingIncludingAccountingAndStorageOfAccountingRecordsAudit contextRef="c0" xml:lang="en">false</arr:ReportingResponsibilitiesAccordingToTheDanishExecutiveOrderOnApprovedAuditorsReportsEspeciallyLegislationOnFinancialReportingIncludingAccountingAndStorageOfAccountingRecordsAudit>
<arr:ReportingResponsibilitiesAccordingToTheDanishExecutiveOrderOnApprovedAuditorsReportsEspeciallyOtherMattersAudit contextRef="c0" xml:lang="en">false</arr:ReportingResponsibilitiesAccordingToTheDanishExecutiveOrderOnApprovedAuditorsReportsEspeciallyOtherMattersAudit>
<gsd:NameOfSubmittingEnterprise contextRef="c0" xml:lang="en">Dorthe Bruun</gsd:NameOfSubmittingEnterprise>
<gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="c0" xml:lang="en">CO AAK Denmark A/S, Slipvej 4</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
<gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="c0" xml:lang="en">8000 Aarhus C</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
</xbrli:xbrl>