Assets
| Type | Time | Amount | Unit |
|---|---|---|---|
| ifrs-full:Assets | 2020-12-31 | 4607000000 | dkk |
| ifrs-full:Assets | 2019-12-31 | 4990000000 | dkk |
Revenue
| Type | Start date | End date | Amount | Unit |
|---|---|---|---|---|
| ifrs-full:Revenue | 2020-01-01 | 2020-12-31 | 11465000000 | dkk |
| ifrs-full:Revenue | 2019-01-01 | 2019-12-31 | 11679000000 | dkk |
XML
See the xml submitted here:
XML: http://regnskaber.virk.dk/61480951/amNsb3VkczovLzAzL2M1Lzc3LzUwLzQ0LzkwMTEtNDU2NC1hY2NlLTljNWU3ZGUxNDg1Ng.xml
Separator
The full data:
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In<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> 2020, w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e con-ducted the training on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>line.Our group r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ecruitment polic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y ensures that when<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> hiring managers,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> HR takes diî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>erent backgrounds and qualifications into c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onsideration. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>he aim is to ensure that our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> business develops with the right human r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>esources - alwa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ys with the best person<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or the role and f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or the company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>. Our recr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>uitment advertising emphasises that Solar seeks t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>o achieve a diverse r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>epresentation throughout our mana<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>gement group. We requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e that candidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>es shor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>tlisted f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or managerial positions include at least one member<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> of the underr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>epresented gender<span xmlns="http://www.w3.org/1999/xhtml" class="_ _11"/>. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>he overall gender distribution in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the two upper le<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>vels of management was 17% w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>omen and 83% men<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> as at 31 December<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> 2020 with a low staî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> turnover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> in 2020. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>his should be compared with 14% and 86% respectively last y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ear<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>. BO<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ARD OF DIREC<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>TOR<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>S The diver<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>sity policy also sets out our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> objective f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or the c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>omposition of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Board of Director<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s. When board member<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s are replaced,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> we conduct a broad sw<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>eep of the mar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ket to ensure a mix<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> of skills and diversity<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>.The Board of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> Directors strives f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or equal gender representa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tion, while ensuring tha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t it has a broad portf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>olio of skills and experience.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> Our aim is to ensure that women<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> are not underrepr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>esented. Our objective is t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>hat aîer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> Solar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>â<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s Annual General Meeting in 2023,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> women will constit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ute 40% of the Board of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> Directors.No new board mem<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>bers were elected in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> 2020 and the gender distribution<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> is thus unchanged. One in six member<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s elected by the Annual Gener<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>al Meeting is, t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>heref<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ore, f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>emale.</mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
<mrv:StatementOfTheDiversityPolicies contextRef="ctx-2" id="pp-value70" xml:lang="en">For<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> further inf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ormation plea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>se see our Sustainability R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>eport 2020 and the Global C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompact website.WWW<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.SOLAR.EU/<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>OURîCOMP<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ANY<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>/CSRWWW<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.UNGL<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>OBAL<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>COMP<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ACT<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>.OR<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>G</mrv:StatementOfTheDiversityPolicies>
<mrv:StatementOfCorporateSocialResponsibility contextRef="ctx-2" id="pp-value75" xml:lang="en">EnvironmentalSolar is committed to turning energy eîciency into a profitable and responsible business for our customers. ENVIR<span xmlns="http://www.w3.org/1999/xhtml" class="_ _11"/>ONMENT<span xmlns="http://www.w3.org/1999/xhtml" class="_ _11"/>AL,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>OCIAL &amp;<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> G<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>O<span xmlns="http://www.w3.org/1999/xhtml" class="_ _11"/>VERNANCESOLARLEADING WITH TRANSPARENC<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>Y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> We see gov<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ernanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e as a valuable tool f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ercising sound management and ensuring transparenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>y f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or shareholders and other st<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>akeholders.RESPONSIBLE USE OF <span xmlns="http://www.w3.org/1999/xhtml" class="_ _6c"/><span xmlns="http://www.w3.org/1999/xhtml" class="ws0"> </span>RESOUR<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>CES Solar seeks t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>o reduce environmental im-pacts and pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>omote sustainable solutions via our product and servic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e portf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>olio.BEC<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>AUSE WE<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> CARE We seek t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o ensure saf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>e working con-ditions f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or our emplo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>yees and respect human right<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s in our operations as w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ell as in our business r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>elations.98<span xmlns="http://www.w3.org/1999/xhtml" class="ffd fs44">%</span>Board meeting attendanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e rate24<span xmlns="http://www.w3.org/1999/xhtml" class="fs3"> times</span>CEO pa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>y ratio14,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _20"/>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>15 tonsCO2e, sc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ope 15,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _20"/>191tons3CO2e, sc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ope 22,935<span xmlns="http://www.w3.org/1999/xhtml" class="fs3"> <span class="fs9 ls78 wsa3">FT<span class="_ _1"/>Es</span></span>F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ull-time workf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>orce17<span xmlns="http://www.w3.org/1999/xhtml" class="ffd fs44">%</span>Gender diver<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>sitymanagement 5.2<span xmlns="http://www.w3.org/1999/xhtml" class="ffd fs44">%</span>Employee <span xmlns="http://www.w3.org/1999/xhtml" class="_ _6c"/> turnover rate29.2day<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s/FTE Sicknessabsence <span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/><span xmlns="http://www.w3.org/1999/xhtml" class="fs43">27<span class="ffd fs44">%</span></span>Gender diver<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>sity17<span xmlns="http://www.w3.org/1999/xhtml" class="ffd fs44 ls0 ws0">%</span>Gender diver<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>sity boardThrough<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> several initiatives w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e have r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>educed our impact on t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he environment and will contin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ue to f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ocus on opportunities that benefit the surroundings,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the customers and Solar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _11"/>.We ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ve also reduc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ed energy consumption b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>y installing Aut<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>oStore, ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>de a substantial reduction in the use of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> plastic in our operations,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> installed solar panels at the MA<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>G45 site in the Nether<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>lands, withdrawn<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ossil fuel driven<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> equipment fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>om our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> assortment in Denmark<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> and introduc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed sustain-able cour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ses at Solar School.We will c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ontinue to f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ocus on our environment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>al f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ootprint f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or the benefit of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> customers,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> shareholders and Solar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> itself.1) <span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>If measur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed against Danish employees,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the CEO pay ratio amounts t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o 20 times.2) V<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>oluntary employee tur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>nover1.14<span xmlns="http://www.w3.org/1999/xhtml" class="_ _71"/><span xmlns="http://www.w3.org/1999/xhtml" class="fs3">times</span>Gender pa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>y ratioFor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> further inf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ormation plea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>se see our Sustainability R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>eport 2020 and the Global C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompact website WWW<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.SOLAR.EU/<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>OURîCOMP<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ANY<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>/CSRWWW<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.UNGL<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>OBAL<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>COMP<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ACT<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>.OR<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>G Governance Social</mrv:StatementOfCorporateSocialResponsibility>
<mrv:CorporateGovernanceReport contextRef="ctx-2" id="pp-value195" xml:lang="en">In general, Solar considers the 2017 recommendations of the Danish Committee on Corporate Governance a valuable tool for exercising sound management, good transparency for shareholders and other stakeholders, and eîcient risk management. S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>OLAR C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>OMPLIES WITH<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ORPORA<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>TE<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> G<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>O<span xmlns="http://www.w3.org/1999/xhtml" class="_ _11"/>VERNANCE RE<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>OMMEND<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>TIONSA f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ull description of Solarâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s views on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the individu-al items in the c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>orporate go<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ver<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nance r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ecommen-dations is av<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ailable at:<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> <span xmlns="http://www.w3.org/1999/xhtml" class="fc6">www.solar<span class="_ _11"/>.eu/investor/</span>cor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>porate-gover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nance.DEVIA<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>TIONSolar c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>omplies with 46 of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> 47 recommendations but deviates f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>rom:Rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ommendation on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> the procedur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e for e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>valuating the Board of Dir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ectorsThe Board of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> Directors undertak<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>es an annual evaluation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> of the work<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> of the Boar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>d and the inter<span xmlns="http://www.w3.org/1999/xhtml" class="ws0">-</span>action be<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tw<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>een the Boar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d of Direc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tors and t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he Executive Boar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>d. This includes an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> evaluation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> of the Chairmanâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s leadership of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Boardâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s work.The e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>valuation is ba<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>sed on a number of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> questions cov<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ering all aspects of the Boar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>dâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s work. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>he questions are the same ev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ery year in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> order t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o identify tr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ends and are rar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ely changed. <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>The Boar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d of Direc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tors finds t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>hat the repe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>titive f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ormat is pref<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>erable to occa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>sional exter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>nal assistance.The Chair<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>man is responsible f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or evalua<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tion, which<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> is discussed by the Board of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> Directors.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> If the need f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or skills dev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>elopment becomes apparent,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> members of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Board of Direct<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ors participate in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> relev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ant cour<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ses and supplementary training as agreed.EV<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>AL<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>UA<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>TIONThe Chair<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>man is responsible f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or the ev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>aluation of the Boar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>d of Directorsâ w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ork by means of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> a questionnaire. <span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>The purpose is to assess whe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ther the over<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>all skills of the Boar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>d of Director<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s match the companyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s current needs.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> The ev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>aluation also consider<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s the quality of the material distribut<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed to the Board,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the holding of Board meetings and the relev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ance of issues discussed in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>erms of legal requirements,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> risk f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>actors and the c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompanyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s development pot<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ential. The 2020 e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>valuation ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s been shared with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Nomination C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ommittee and has not given<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> rise to any additional measures.ST<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ATUT<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>OR<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>Y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> CORPORA<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>TE GO<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>VERNANCE ST<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>TEMENTSolar has chosen<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> to make the stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>utory cor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>porate gover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nance st<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>atement,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> cf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>. Danish Financial Sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tements A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ct section 107b,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> avail-able on the c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompanyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s website.Please use this lin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>k to vie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>w the statutory cor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>porate gover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nance st<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>atement 2020:THE A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>UDIT C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>OMMIT<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>TEE AND INTERNAL A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>UDITDescriptions of the r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>oles and responsibilities of the A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>udit Committ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ee and Internal A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>udit are av<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ailable on the link below<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>.SOLAR.EU/INVES<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>TOR/C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ORPORATEîG<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>OVERNANCESOLAR.EU/INVES<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>TOR/C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ORPORATEîG<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>OVERNANCE</mrv:CorporateGovernanceReport>
<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx-2" id="pp-value260" xml:lang="en">The group<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>â<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s Board of Dir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ector<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s and Executive Boar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>d have toda<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>y discussed and approved Annual R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>epor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>t f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or the financial y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ear 1 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>January â 31 December<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> 2020.The c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onsolidated financial statements and the separ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ate financial sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tements ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ve been presented in acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ordance with Int<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ernational Financial Reporting S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tandards a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s approved b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>y the EU.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> Moreover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>, the consol<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>idate<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>d financial statements and the separa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te financial stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ements ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ve been pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>epared in a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or-danc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e wi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> addit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ional <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>Dan<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ish<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> disclosure requirements of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> listed companies. Mana<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>gementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s review w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>as also prepared in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ordance with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> Danish disclosure r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>equirements of listed c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompanies.In our opinion,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the consolidated financial st<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>atements and t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he separate financial st<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>atements giv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e a fair<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> prese<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ntati<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>on of the group and parent c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompanyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s assets,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> liabilities and equity,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> and financial position as at 31 D<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ecem<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ber 2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>020 as well as t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he results of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the group and parent companyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s activities and ca<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>sh ï¬ow f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or the financial year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> 1 January â 31 Dec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ember 2020.F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ther<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>, in our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> opinion, Management revie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>w gives a true and f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>air statement of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the development of the group and parent c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompanyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s activities and financial situation, ne<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>t profit f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or the year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> and of the gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>oup and parent companyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s financial positions and describes the most significant risk<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s and uncertainties pertaining to the group and par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ent company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>. In our opinion,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the annual report of Solar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> A/S f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or the financial y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ear 1 January<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> to 31 Decem<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ber 2020 with the file name S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>OLA-2020-12-31.zip is prepared,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> in all material respects,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> in complianc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e with the ESEF Regula<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tion.The annual r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>epor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>t is recommended f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or approval b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>y the annual general meeting.</sob:StatementByExecutiveAndSupervisoryBoards>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx-2" xml:lang="en">T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>o the shareholder<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s of Solar A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>/S</arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx-2" id="pp-value281" xml:lang="en">In our opinion,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>onsolidated Financial S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>tatements and the Parent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ompany Financial Statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s give a true and f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>air view of t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>he Groupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s and the Parent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompanyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s financial position at 31 December<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> 2020 and of the r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>esults of the Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>oupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s and the Parent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ompanyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s operations and cash<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> ï¬ows f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or the financial year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> 1 January to 31 Dec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ember 2020 in ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>dance with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> International Financial R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>epor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ting Standar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ds as adopted by the E<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>U and f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>urther requirements in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> the Danish Financial S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>tatements Ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t.Our opinion is c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onsistent with our A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>uditor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>â<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s L<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ong-f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>orm<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>eport to the Audit C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ommittee and the Board of Direc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tors.What we ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ve audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>edThe C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onsolidated Financial St<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>atements and Parent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompany Financial Sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tements of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> Solar A/S f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or the financial year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> 1 January to 31 Dec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ember 2020 comprise stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ement of comprehensive inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ome, balance sheet, c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ash ï¬ow stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ement, st<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>atement of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> changes in equity and no<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tes,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> including summary of signifi-cant ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>counting policies f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or the Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>oup as well as f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompany<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>. C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ollectively ref<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>erred to as the âFinancial St<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>atementsâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>.</arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx-2" id="pp-value294" xml:lang="en">We c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>onducted our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> audit in a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ordance with Int<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ernational S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>tandards on A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>uditing (ISAs) and the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> additional requirement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s applicable in Denmark. Our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> responsibilities under those standards and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> requirements ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e further described in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Auditorâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s responsibilities f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or the audit of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> the Financial Sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tements section<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> of our report.We believ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e that the audit evidenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e we hav<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e obtained is suîcient and appropriate to pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>vide a basis f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or our opinion.IndependenceWe are independent of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Group in ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>cordanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e with the Int<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ernational Ethics S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>tandards Board f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or Ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>count<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>antsâ C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ode of Et<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>hics f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or Prof<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>essional Ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>count<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ants (IESB<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>A Code<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>) and the additional requirements applic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>able in Denmark. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e have also f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ulfilled our other ethic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>al responsibilities in acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ordance with t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he IESB<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>A Code.T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>o the best of our k<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nowledge and belief<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>, prohibit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed non-audit servic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>es ref<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>erred to in Article 5(1) of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> Regula<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tion (EU<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>) No 537/2014 were not provided.AppointmentWe wer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e first appointed a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>uditors of Solar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> A/S bef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ore 1995 and are ther<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ore required t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o resign a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s auditor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s of the C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompany at the General Meeting in 2021.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> We have been<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> reappointed ann<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ually by shareholder r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>esolution f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or a total period of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> uninterrupted engagement of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> more than 25 y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ears<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> including the financial year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> 2020.</arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:KeyAuditMattersAudit contextRef="ctx-2" id="pp-value312" xml:lang="en">K<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ey audit matt<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ers are t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>hose matter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s that,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> in our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> prof<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>essional judgement, were of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> most significanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e in our audit of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Financial Statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>or 2020.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> These ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tters w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ere addressed in the c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ontext of our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> au-dit of the Financial S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>tatements as a whole,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> and in f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>orming our opinion<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> thereon,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> and we do not provide a separate opinion<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> on these matters.K<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ey audit ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tterGoodwillGoodwill is tested f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or impair<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ment annually<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>. The Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>oup has written oî the entir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e car<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rying amount of Goodwill in 2020,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> amounting to DKK 129 million.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> Goodwill amounts to DKK 0 at Dec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ember 31,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> 2020.The assessment of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the carrying values of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> goodwill is dependent on futur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e cash ï¬ows and if<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> these are below initial expecta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tions, ther<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e is a risk that goodwill will be impaired.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> The revie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ws of car<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rying values perf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ormed by the Group contain<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> a number of significant a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ssumptions and estimates such as re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>venue gro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>wth, pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ofit margins, c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ash-generating units and discount r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ates.We f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ocused on this area bec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ause the impairment assessments of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> goodwill are dependent on comple<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x and subjective judgements by Management.Ref<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>er to note 10 f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or detailed inf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ormation of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> intangible asset<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s and specification<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> of the <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>year-end impair<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ment charge.How our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> audit addressed the ke<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>y audit matt<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>erWe discussed with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> Management and evalua<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ted the proc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ess for<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> preparing the budget supporting the impairment test. In particular:⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>We assessed whet<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>her the models applied by<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> Management to calcula<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te the value in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> use of the individual cash-gener-ating unit comply wit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>h the requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ements of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> IFRS.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> We recalculated the model t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o ensure mathematic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>al accur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>acy;⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>We assessed the appr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>opriateness of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> the discount r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ates applied and underlying signific<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ant assumptions and chal-lenged Management judgement, a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s relev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ant. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e used PwC valuation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> specialist to assess the disc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ount rates used by Management;⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/>We perf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ormed our o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>wn sensitivity analysis around the signific<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ant assumptions to a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>scertain<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> the extent of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> change in those assumptions that eit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>her individually or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> collectively<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> would be required f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or goodwill not to be impaired.As a result of our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> procedures we did not propose any<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> adjustments to the amount of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> impairment recognized in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> 2020. For<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> goodwill where management det<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ermined that impair<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ment was required,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> we f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ound that the assessments ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>de by management were based upon<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> reasonable assumptions, c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onsistently applied.</arr:KeyAuditMattersAudit>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx-2" id="pp-value340" xml:lang="en">Management is responsible f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s Revie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>w.Our opinion on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Financial Statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s does not cover Mana<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>gementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s Revie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>w,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> and we do not express any<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>orm of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> assurance c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onclusion thereon.In c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>onnection with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> our audit of the Financial S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>tatements,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> our responsibility is to rea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d Manage-mentâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s Revie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>w and, in doing so,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> consider whether<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s Re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>view is materially inconsist<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ent with the Financial S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>tatements or our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> knowledge obtained in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the audit, or ot<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>herwise appears t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o be materially missta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ted.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> Moreover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _11"/>, we consider<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed whether<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s Revie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>w includes the disclosures required by t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>he Danish Financial S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tatement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s Act. Ba<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>sed on the work w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e have perf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ormed, in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> our view<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>, Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s Re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>view is in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> accordanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e with the C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onsolidated Financial Sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tements and the P<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>arent Company Financial S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>tatements and has been prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed in ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>cordance wit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>h the r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>equirements of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Danish Financial Stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ements Act. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e did not identify any<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> material missta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tement in Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>eview<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>. </arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx-2" id="pp-value354" xml:lang="en">Management is responsible f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or the preparation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> of consolidated financial st<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>atements and par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ent company financial st<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>atements t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>hat give a true and f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>air view in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ordance with Int<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ernational Financial Reporting S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>tandards as adopted by<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> the EU and f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>urther requirement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s in the Danish Financial Sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tements A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ct, and f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or such inter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>nal control as Management de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>mines is necessary<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> to enable the prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ation of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> financial statements that ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e free f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>rom material misst<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>atement,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> whether due t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>o fraud or er<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ror<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>.In preparing the Financial S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>tatements,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> Management is responsible f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or assessing the Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>oupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s and the Parent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ompanyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s ability to continue a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s a going concer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>n, disclosing,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> as applicable, matt<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ers related t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o going conc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ern and using the going c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>oncer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>n basis of ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>counting unless Management either intends t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>o liquidate the Group or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> the Parent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ompany or to cea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>se operations, or has no<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> realistic alter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>native but to do so.</arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx-2" id="pp-value365" xml:lang="en">Our objectives ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e to obtain rea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>sonable assurance about whether<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Financial Statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s as a whole are fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ee from mat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>erial misstatement,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> whether due to f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>raud or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> error<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>, and to issue an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> auditorâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s report that includes our opinion.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> Reasonable a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ssuranc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e is a high lev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>el of assuranc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e, but is not a guar<span xmlns="http://www.w3.org/1999/xhtml" class="ls0">-</span>antee that an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> audit c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>onducted in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ordance with ISAs and t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he additional requirement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s applicable in Denmark<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> will alwa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ys detect a mat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>erial misstatement when<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> it exists. Misst<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>atements c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>an arise from<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> fra<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ud or error<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> and are c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>onsidered material if<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>, individually or in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he aggregat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e, the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>y could rea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>sonably be expect<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed to inï¬uence t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>he economic decisions of users t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>aken<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> on the basis of t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>hese Financial Sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tements.As part of an a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>udit in ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>cordance wit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>h ISAs and the additional r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>equirements applicable in Denmar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>k,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> we ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ercise prof<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>essional judgement and maintain pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>essional scepticism<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> throughout the a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>udit. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e also:⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ws0">Identify and assess the risk<span class="_ _3"/>s of material misstat<span class="_ _0"/>ement of the Financial S<span class="_ _3"/>tatements,<span class="_ _3"/> whether due </span>to fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>aud or error<span xmlns="http://www.w3.org/1999/xhtml" class="_ _11"/>, design and perf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>orm audit proc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>edures responsive to those risk<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s, and obtain a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>udit evidenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e that is suîcient and appropriat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e to provide a basis f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or our opinion. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>he risk of not detecting a mat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>erial misstatement resulting fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>om f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>raud is higher than f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or one resulting f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rom er<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ror<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>, as fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>aud may involv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e collusion,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>orgery,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> intentional omissions, misrepresent<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ations, or the ov<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>erride of inter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>nal control.⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ws0">Obtain an<span class="_ _0"/> understanding of<span class="_ _3"/> internal contr<span class="_ _3"/>ol relevant to the a<span class="_ _0"/>udit in order<span class="_ _3"/> to design audit proc<span class="_ _3"/>e<span class="ls0">-</span></span>dures that are appr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>opriate in the circumstanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>es, but not f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or the pur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>pose of expressing an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> opinion on the eî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ectiveness of the G<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>roupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s and the Parent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompanyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s internal c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ontrol.⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ws0">Evalua<span class="_ _0"/>te the appropriat<span class="_ _3"/>eness of acc<span class="_ _3"/>ounting policies used and the reasonableness of ac<span class="_ _3"/>counting </span>estimates and relat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ed disclosures made by Management.⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ws0">C<span class="_ _0"/>onclude on the appr<span class="_ _0"/>opriateness of<span class="_ _0"/> Managementâ<span class="_ _c"/>s use of the going conc<span class="_ _3"/>ern basis of<span class="_ _3"/> accounting<span class="_ _0"/> </span>and based on the a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>udit evidence obtained,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> whether a material unc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>er<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>tainty e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>xists related to ev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ents or c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>onditions that ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>y cast significant doubt on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Groupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s and the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompanyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s ability to continue a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s a going concer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>n. If<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> we conclude that a material unc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ertainty exists,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> we are required to draw att<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ention in our audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>â<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s report to the related disclosures in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Financial Statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>, if<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> such disclosures ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e inadequate,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> to modify our opinion.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> Our conclusions are ba<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>sed on the a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>udit evidenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e obtained up to t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he date of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> our audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>â<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s report. Howe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ver<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>, f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>uture ev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ents or c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onditions may<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> cause t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he Group or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Parent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompany to cease t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>o continue as a going c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>oncer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>n.⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ws0">Evalua<span class="_ _0"/>te the ov<span class="_ _0"/>erall present<span class="_ _0"/>ation, str<span class="_ _3"/>ucture and content of<span class="_ _3"/> the Financial Statement<span class="_ _3"/>s, including </span>the disclosures,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> and whether<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> the Financial St<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>atements represent the under<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>lying transactions and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> event<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s in a manner<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> that achie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ves f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>air presenta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tion.⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ws0">Obtain suîcient appropria<span class="_ _0"/>te audit e<span class="_ _0"/>vidence r<span class="_ _0"/>egarding the financial inf<span class="_ _c"/>ormation of<span class="_ _3"/> the entities or </span>business activities within<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> the Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>oup to expr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ess an opinion on the C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onsolidated Financial S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tate<span xmlns="http://www.w3.org/1999/xhtml" class="ls0">-</span>ments. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e are responsible f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or the direction,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> supervision and perf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ormance of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the group audit. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e remain solely r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>esponsible f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>or our a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>udit opinion.We c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ommunica<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> those charged with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> governance r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>egarding, among other ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tters,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the planned scope and timing of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the audit and significant audit findings,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> including any significant deficiencies in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> internal c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ontrol that we identif<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y during our audit.We also pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>vide those charged with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> governance wit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>h a sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tement that w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e have c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>omplied with relev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ant ethic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>al requirement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s regarding independenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e, and to comm<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>unicate wit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>h them all relation<span xmlns="http://www.w3.org/1999/xhtml" class="ls0">-</span>ships and other matt<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ers that may<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> reasonably<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> be thought to bear<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> on our independence,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> and where applicable,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> related saf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>eguards.F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rom t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he matter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s comm<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>unicat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed with those char<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ged with governanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e, we deter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>mine those matters that were of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> most significance in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> the audit of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Financial Statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s of the cur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>rent period and are theref<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ore the ke<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>y audit matter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e describe these matter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s in our auditorâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s report unless law or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> regulation pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ecludes public disclosure about the matter or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> when, in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> extr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>emely rare cir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>cumstances, we deter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>mine that a matter should not be c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ommunicated in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> our report beca<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>use the adverse conse<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0">-</span>quences of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> doing so would reasonably be e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>xpected to out<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>weigh the public interest benefit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s of such<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> communic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ation.</arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx-2" id="pp-value416" xml:lang="en">As part of our a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>udit of the Financial S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>tatements we perf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ormed proc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>edures to express an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> opinion on whether t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he annual report of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> Solar A/S f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or the financial year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> 1 January to 31 Dec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ember 2020 with the filename SOLA-2020-12-31.zip is prepared,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> in all material respect<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s, in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> compliance with t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>he Commission Delegated R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>egulation (EU) 2019/815 on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> the European<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> Single Electronic For<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>mat (ESEF R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>egulation) which includes requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ements relat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ed to the preparation of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the annual report in XHTML f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ormat and iXBRL tagging of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the Consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed Financial St<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>atements.Management is responsible f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>or preparing an annual r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>epor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>t that complies wit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>h the ESEF R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>egulation. This responsibilit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y includes:â The pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>eparing of the annual report in XHTML f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ormat;â <span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/>The selection<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> and application<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> of appropriate iXBRL ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>gs, including e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>xtensions to the ESEF tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onomy and the anchoring thereof<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> to elements in the ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>xonomy<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>, f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or all financial inf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ormation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> required t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o be tagged using judgement where nec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>essary;â <span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/>Ensuring consistenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>y between<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> iXBRL tagged data and the C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onsolidated Financial St<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>atements pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e-sented in h<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>uman-readable f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>ormat;<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> andâ <span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/>For such<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> internal contr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ol as Management determines nec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>essary to enable the preparation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> of an annual report that is c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompliant with the ESEF Regula<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tion.Our responsibility<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> is to obtain<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> reasonable assuranc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e on whether the ann<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ual report is prepared,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> in all material respect<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s, in complianc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e with the ESEF R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>egulation based on the e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>vidence we have obt<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ained, and to issue a report that includes our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> opinion. <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>The nat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ure,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> timing and extent of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> procedures select-ed depend on the a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>uditorâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s judgement, including the assessment of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the risks of material depart<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ures from<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the requirements set out in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the ESEF Regulation,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> whether due t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>o fraud or er<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ror<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>he procedures include:â T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>esting whether the annual r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>epor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>t is prepared in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> XHTML f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ormat;â <span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/>Obtaining an under<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>standing of the companyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c"/>s iXBRL tagging proc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ess and of internal c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ontrol over the tagging proc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ess;â Ev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>aluating the completeness of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the iXBRL tagging of the C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onsolidated Financial S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tatement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s;â <span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/>Evalua<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ting the appropriat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>eness of the c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ompanyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>s use of iXBRL elements select<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>om the ESEF tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onomy and the creation of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> extension elements wher<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e no suitable element in the ESEF tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onomy has been identified;<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> â Ev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>aluating the use of anchoring of e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>xtension elements to elements in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the ESEF taxonomy;<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> andâ Rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onciling the iXBRL tagged data with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the audited C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>onsolidated Financial Stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ements.In our opinion,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> the annual report of Solar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> A/S f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>or the financial y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ear 1 January<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> to 31 Decem<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>ber 2020 with the file name S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>OLA-2020-12-31.zip is prepared,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> in all material respects,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/> in complianc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/>e with the ESEF Regula<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tion.</arr:AuditorsReportOnXbrlTagging>
<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx-2" xml:lang="en">Annual report</gsd:InformationOnTypeOfSubmittedReport>
<cmn:TypeOfAuditorAssistance contextRef="ctx-2" xml:lang="en">Auditor's report on audited financial statements</cmn:TypeOfAuditorAssistance>
<gsd:ToolForPreparingTheXBRLInstanceDocument contextRef="ctx-2" xml:lang="en">ParsePort XBRL Converter</gsd:ToolForPreparingTheXBRLInstanceDocument>
<gsd:ReportingPeriodNumber contextRef="ctx-2" decimals="0" unitRef="pure">1</gsd:ReportingPeriodNumber>
<gsd:ReportingPeriodStartDate contextRef="ctx-2" xml:lang="en">2020-01-01</gsd:ReportingPeriodStartDate>
<gsd:ReportingPeriodEndDate contextRef="ctx-2" xml:lang="en">2020-12-31</gsd:ReportingPeriodEndDate>
<gsd:PrecedingReportingPeriodStartDate contextRef="ctx-2" xml:lang="en">2019-01-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="ctx-2" xml:lang="en">2019-12-31</gsd:PredingReportingPeriodEndDate>
<gsd:LegalEntityIdentifierOfReportingEntity contextRef="ctx-2" xml:lang="en">21380031XTLI9X5MTY92</gsd:LegalEntityIdentifierOfReportingEntity>
<gsd:NameOfReportingEntity contextRef="ctx-2" xml:lang="en">Solar A/S</gsd:NameOfReportingEntity>
<fsa:ClassOfReportingEntity contextRef="ctx-2" xml:lang="en">Reporting class D</fsa:ClassOfReportingEntity>
<gsd:IdentificationNumberCvrOfReportingEntity contextRef="ctx-2" xml:lang="en">15908416</gsd:IdentificationNumberCvrOfReportingEntity>
<gsd:AddressOfReportingEntityStreetName contextRef="ctx-2" xml:lang="en">Industrivej Vest</gsd:AddressOfReportingEntityStreetName>
<gsd:AddressOfReportingEntityStreetBuildingIdentifier contextRef="ctx-2" xml:lang="en">43</gsd:AddressOfReportingEntityStreetBuildingIdentifier>
<gsd:AddressOfReportingEntityPostCodeIdentifier contextRef="ctx-2" xml:lang="en">6600</gsd:AddressOfReportingEntityPostCodeIdentifier>
<gsd:AddressOfReportingEntityDistrictName contextRef="ctx-2" xml:lang="en">Vejen</gsd:AddressOfReportingEntityDistrictName>
<gsd:AddressOfReportingEntityCountry contextRef="ctx-2" xml:lang="en">Denmark</gsd:AddressOfReportingEntityCountry>
<gsd:AddressOfReportingEntityCountryIdentificationCode contextRef="ctx-2" xml:lang="en">DK</gsd:AddressOfReportingEntityCountryIdentificationCode>
<gsd:DateOfFoundationOfReportingEntity contextRef="ctx-2" xml:lang="en">1955-03-25</gsd:DateOfFoundationOfReportingEntity>
<gsd:RegisteredOfficeOfReportingEntity contextRef="ctx-2" xml:lang="en">Denmark</gsd:RegisteredOfficeOfReportingEntity>
<gsd:TelephoneNumberOfReportingEntity contextRef="ctx-2" xml:lang="en">+4579300000</gsd:TelephoneNumberOfReportingEntity>
<gsd:HomepageOfReportingEntity contextRef="ctx-2" xml:lang="en">www.solar.eu</gsd:HomepageOfReportingEntity>
<gsd:EmailOfReportingEntity contextRef="ctx-2" xml:lang="en">solar@solar.eu</gsd:EmailOfReportingEntity>
<gsd:SecondaryNameOfReportingEntity contextRef="ctx-3" xml:lang="en">Solar Danmark A/S</gsd:SecondaryNameOfReportingEntity>
<mrv:LinkToCorporateGovernanceReport contextRef="ctx-2" xml:lang="en">http://www.solar.eu/investor/corporate-governance</mrv:LinkToCorporateGovernanceReport>
<mrv:LinkToStatementOfCorporateSocialResponsibility contextRef="ctx-2" xml:lang="en">http://www.solar.eu/our-company/csr</mrv:LinkToStatementOfCorporateSocialResponsibility>
<mrv:LinkToStatementOfDiversityPolicies contextRef="ctx-2" xml:lang="en">http://www.solar.eu/our-company/csr</mrv:LinkToStatementOfDiversityPolicies>
<mrv:LinkToStatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="ctx-2" xml:lang="en">http.//www.solar.eu/our-company/csr</mrv:LinkToStatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
<fsa:AverageNumberOfEmployees contextRef="ctx-2" decimals="0" unitRef="pure">2935</fsa:AverageNumberOfEmployees>
<fsa:AverageNumberOfEmployees contextRef="ctx-18" decimals="0" unitRef="pure">3039</fsa:AverageNumberOfEmployees>
<fsa:AverageNumberOfEmployees contextRef="ctx-1" decimals="0" unitRef="pure">760</fsa:AverageNumberOfEmployees>
<fsa:AverageNumberOfEmployees contextRef="ctx-19" decimals="0" unitRef="pure">765</fsa:AverageNumberOfEmployees>
<sob:PlaceOfSignatureOfStatement contextRef="ctx-2" xml:lang="en">Vejen</sob:PlaceOfSignatureOfStatement>
<sob:DateOfApprovalOfAnnualReport contextRef="ctx-2" xml:lang="en">2021-02-11</sob:DateOfApprovalOfAnnualReport>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-4" xml:lang="en">Jens E. Andersen</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-4" xml:lang="en">CEO</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-5" xml:lang="en">Hugo Dorph</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-5" xml:lang="en">CCO</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-6" xml:lang="en">Michael H. Jeppesen</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-6" xml:lang="en">CFO</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-7" xml:lang="en">Jens Borum</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-7" xml:lang="en">Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-8" xml:lang="en">Jesper Dalsgaard</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-8" xml:lang="en">Vice-chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-9" xml:lang="en">Lars Lange Andersen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-10" xml:lang="en">Peter Bang</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-11" xml:lang="en">Morten Chrone</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-12" xml:lang="en">Ulrik Damgaard</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-13" xml:lang="en">Bent H. Frisk</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-14" xml:lang="en">Louise Knauer</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-15" xml:lang="en">Jens Peter Toft</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<gsd:LegalEntityIdentifierOfSubmittingEnterprise contextRef="ctx-2" xml:lang="en">21380031XTLI9X5MTY92</gsd:LegalEntityIdentifierOfSubmittingEnterprise>
<gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="ctx-2" xml:lang="en">15908416</gsd:IdentificationNumberCvrOfSubmittingEnterprise>
<gsd:NameOfSubmittingEnterprise contextRef="ctx-2" xml:lang="en">Solar A/S</gsd:NameOfSubmittingEnterprise>
<gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="ctx-2" xml:lang="en">Industrivej Vest 43</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
<gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="ctx-2" xml:lang="en">6600 Vejen</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
<arr:TypeOfModifiedOpinionOnAuditedFinancialStatements contextRef="ctx-2" xml:lang="en">Opinion</arr:TypeOfModifiedOpinionOnAuditedFinancialStatements>
<arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements contextRef="ctx-2" xml:lang="en">Basis for Opinion</arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements>
<arr:SignatureOfAuditorsPlace contextRef="ctx-2" xml:lang="en">Trekantområdet</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx-2" xml:lang="en">2021-02-11</arr:SignatureOfAuditorsDate>
<cmn:NameAndSurnameOfAuditor contextRef="ctx-16" xml:lang="en">Lars Almskou Ohmeyer</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx-16" xml:lang="en">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx-16" xml:lang="en">mne24817</cmn:IdentificationNumberOfAuditor>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx-16" xml:lang="en">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameOfAuditFirm contextRef="ctx-16" xml:lang="en">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
<gsd:AddressOfAuditorStreetName contextRef="ctx-16" xml:lang="en">Herredsvej</gsd:AddressOfAuditorStreetName>
<gsd:AddressOfAuditorStreetBuildingIdentifier contextRef="ctx-16" xml:lang="en">32</gsd:AddressOfAuditorStreetBuildingIdentifier>
<gsd:AddressOfAuditorPostCodeIdentifier contextRef="ctx-16" xml:lang="en">7100</gsd:AddressOfAuditorPostCodeIdentifier>
<gsd:AddressOfAuditorDistrictName contextRef="ctx-16" xml:lang="en">Vejle</gsd:AddressOfAuditorDistrictName>
<gsd:AddressOfAuditorCountry contextRef="ctx-16" xml:lang="en">Denmark</gsd:AddressOfAuditorCountry>
<gsd:AddressOfAuditorCountryIdentificationCode contextRef="ctx-16" xml:lang="en">DK</gsd:AddressOfAuditorCountryIdentificationCode>
<gsd:TelephoneNumberOfAuditor contextRef="ctx-16" xml:lang="en">+4579212700</gsd:TelephoneNumberOfAuditor>
<cmn:NameAndSurnameOfAuditor contextRef="ctx-17" xml:lang="en">Henrik Forthoft Lind</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx-17" xml:lang="en">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx-17" xml:lang="en">mne34169</cmn:IdentificationNumberOfAuditor>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx-17" xml:lang="en">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameOfAuditFirm contextRef="ctx-17" xml:lang="en">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
<gsd:AddressOfAuditorStreetName contextRef="ctx-17" xml:lang="en">Herredsvej</gsd:AddressOfAuditorStreetName>
<gsd:AddressOfAuditorStreetBuildingIdentifier contextRef="ctx-17" xml:lang="en">32</gsd:AddressOfAuditorStreetBuildingIdentifier>
<gsd:AddressOfAuditorPostCodeIdentifier contextRef="ctx-17" xml:lang="en">7100</gsd:AddressOfAuditorPostCodeIdentifier>
<gsd:AddressOfAuditorDistrictName contextRef="ctx-17" xml:lang="en">Vejle</gsd:AddressOfAuditorDistrictName>
<gsd:AddressOfAuditorCountry contextRef="ctx-17" xml:lang="en">Denmark</gsd:AddressOfAuditorCountry>
<gsd:AddressOfAuditorCountryIdentificationCode contextRef="ctx-17" xml:lang="en">DK</gsd:AddressOfAuditorCountryIdentificationCode>
<gsd:TelephoneNumberOfAuditor contextRef="ctx-17" xml:lang="en">+4579212700</gsd:TelephoneNumberOfAuditor>
</xbrli:xbrl>