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Report: Sagsnummer X21-BD-61-NT

Report overview

Organization name	GN STORE NORD A/S
CVR number	24257843
Sagsnummer	X21-BD-61-NT
Period	2020-01-01 - 2020-12-31
Pages	N/A
Words	N/A
Characters	N/A
Sustainability info

Type	Reported via external link: https://gn.com/sustainabilityESG2020
UN Global Compact CoP	No UN Global Compact record found for this reporting period
Standards mentioned	Not yet analyzed
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Assets

Type	Time	Amount	Unit
ifrs-full:Assets	2020-12-31	16682000000	dkk
ifrs-full:Assets	2019-12-31	16683000000	dkk
Revenue

Type	Start date	End date	Amount	Unit
ifrs-full:Revenue	2020-01-01	2020-12-31	13449000000	dkk
ifrs-full:Revenue	2019-01-01	2019-12-31	12574000000	dkk
XML

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the parent company a&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;t 31&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; December 20&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;20 and of the results&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; of the group's&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; and the parent company's&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; operations and c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ash flows for the&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;span class="ls39 ws44"&gt;f&lt;span class="_ _0"/&gt;inanci&lt;span class="_ _0"/&gt;al year 1&lt;span class="_ _0"/&gt; January &lt;/span&gt;&lt;/span&gt;â &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls35 ws43"&gt;31 Decem&lt;span class="_ _4"/&gt;ber 20&lt;span class="_ _4"/&gt;20.&lt;span class="ls0 ws0"&gt; &lt;/span&gt;&lt;/span&gt; Further, i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;n our opinion, the M&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;anagement's&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; report gives&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; a fair revi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ew of the development in the &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;group's&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; and the parent com&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;pany's ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;tivities and financial matter&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s, res&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ults of operati&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ons, cas&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;h flows and fi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nancial&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;position as&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; well as a desc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ription of material&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; risks&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; and uncertainti&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es that the group and t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;he parent company&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; face.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; In our opinion,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; the Annual Report &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;of GN Store N&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ord A/S for the finan-cial year 1&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; January to 31&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; December 2020 with the fi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;le name&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;span class="ls39 ws83"&gt;GNST&lt;span class="_ _0"/&gt;&lt;/span&gt;-&lt;/span&gt;2020&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;-&lt;span class="_ _4"/&gt;&lt;span class="ls35 ws1b"&gt;12&lt;span class="ls0 ws0"&gt;-&lt;/span&gt;31.&lt;span class="_ _4"/&gt;zip&lt;span class="ls0 ws0"&gt; &lt;span class="ls39 ws44"&gt;is prepared, i&lt;span class="_ _0"/&gt;n all mater&lt;span class="_ _0"/&gt;ial res&lt;span class="_ _0"/&gt;pects&lt;span class="_ _0"/&gt;, in com&lt;span class="_ _0"/&gt;plianc&lt;span class="_ _0"/&gt;e &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;with the ESEF Regulati&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;on.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; We recommend that the an&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nual repor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;t be approved at t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;he Annual General M&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eeting.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; </sob:StatementByExecutiveAndSupervisoryBoards>
   <arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx-2" xml:lang="en">To the sha&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;reholde&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;rs of GN&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Store Nord A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;/S&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;</arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
   <arr:OpinionOnAuditedFinancialStatements contextRef="ctx-2" id="pp-value30" xml:lang="en">In our opinion,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; the Consolidated Fi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nanci&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;al Statements and the Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent C&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ompany Financ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ial Statements &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;give a true and fai&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;r view of the &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws41"&gt;G&lt;span class="_ _0"/&gt;roupâs &lt;/span&gt;and the Parent Companyâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s financ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ial positi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;on at 31 D&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ecember 2020 and of the res&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ults of the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oupâs and the Parent Com&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;panyâs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; op&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls39 ws83"&gt;eration&lt;span class="_ _0"/&gt;s &lt;/span&gt;and cash flows&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; for the financ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ial year 1 Januar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y to 31 D&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ecember 2020 in acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ordance with Inter&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;national F&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;inancial Repor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ting Standards as adopted by the EU and fur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ther requi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;rements in the D&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;anish Fi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nancial Statements Ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;t.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;Our opinion i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s consistent wi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;th our Auditorâs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Long&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;-&lt;/span&gt;form Report to the&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Audit Commi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ttee and the Board of&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Direc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;tors.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;What we hav&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e audited&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff2 ls0 ws0"&gt; &lt;/span&gt;The Consoli&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;dated Financial State&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ments and Parent Com&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;pany Finan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cial Statements of&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; GN Store Nor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;d A/S for the financ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ial year 1 Januar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y to 31&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Decem&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ber 2020&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, p&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls37 ws41"&gt;p &lt;span class="ls35 ws1b"&gt;56&lt;span class="ls0 ws0"&gt;-1&lt;span class="ls36 ws3f"&gt;27&lt;/span&gt; &lt;/span&gt;&lt;/span&gt;&lt;span class="ws3e"&gt;comprise inc&lt;span class="_ _0"/&gt;ome statement and statement of c&lt;span class="_ _0"/&gt;omprehensi&lt;span class="_ _0"/&gt;ve income,&lt;span class="_ _0"/&gt; balance sheet, s&lt;span class="_ _0"/&gt;tatement of&lt;span class="ls0 ws0"&gt; &lt;/span&gt;&lt;span class="ws75"&gt;changes i&lt;span class="_ _0"/&gt;n&lt;span class="ls0 ws0"&gt; &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;equity, &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws3e"&gt;statement of c&lt;span class="_ _0"/&gt;ash flows&lt;span class="_ _0"/&gt; and notes, inc&lt;span class="_ _0"/&gt;luding s&lt;span class="_ _0"/&gt;ummary of signific&lt;span class="_ _0"/&gt;ant accounting pol&lt;span class="_ _0"/&gt;icies&lt;span class="_ _0"/&gt; for the Group as well as&lt;span class="_ _0"/&gt; for the Parent&lt;span class="_ _0"/&gt; Com-&lt;/span&gt;pany. Collec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;tively referr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed to as the âFi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nancial Statementsâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;</arr:OpinionOnAuditedFinancialStatements>
   <arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx-2" id="pp-value40" xml:lang="en">We conducted our&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; audit in acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ordance with Inter&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;national Stand&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ards on Auditi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ng (ISAs) and th&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e additional r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equirements appli&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cab&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls39 ws44"&gt;le in&lt;span class="_ _0"/&gt; Den-&lt;/span&gt;mark. Our&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; responsibil&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ities under those s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;tandards and requir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements are further des&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cri&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;bed in the &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff7 ls34 ws40"&gt;Auditor&lt;span class="_ _0"/&gt;âs responsi&lt;span class="_ _0"/&gt;bilities for the a&lt;span class="_ _0"/&gt;udit of the &lt;/span&gt;Financial State&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ments&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff1 ls0 ws0"&gt; &lt;span class="ls37 ws3e"&gt;section of our report. &lt;/span&gt;&lt;/span&gt;   We believe that the audi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;t evidenc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e we have obtained is&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; suffic&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ient and appropriate to &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;provide a bas&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;is for our&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; opinion.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;Indepen&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;dence&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff2 ls0 ws0"&gt; &lt;/span&gt;We are independent of th&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e Group i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;n accordanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e with the Internation&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;al Ethic&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s Standards Boar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;d for Accountantsâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Code of Ethic&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s for Prof&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es-sional Acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ountants (IE&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;SBA Code) and the additi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onal requiremen&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ts applic&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;able in Denmark.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; We have also ful&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;filled our other e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;thical r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esponsibi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;li-ties in ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cordance wi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;th the IESBA Code.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws28"&gt;  &lt;span class="ws0"&gt; &lt;/span&gt;&lt;/span&gt; To the best of our knowl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;edge and beli&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ef, prohibi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ted non&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;-&lt;/span&gt;audit serv&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ices r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eferred to in Arti&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cle 5(1&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;) of Regulation (EU) N&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o 537/2014&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; were not provided. &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;Appointm&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff2 ls0 ws0"&gt; &lt;/span&gt;We were firs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;t appointed auditors&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; of GN&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Store Nord A/S on 2&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;1 March 2019&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; for the financ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ial y&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls39 ws44"&gt;ear 20&lt;span class="_ _0"/&gt;19. We have been r&lt;span class="_ _0"/&gt;eappoi&lt;span class="_ _0"/&gt;nted in 2&lt;span class="_ _0"/&gt;020&lt;span class="_ _0"/&gt; by &lt;/span&gt;shareholder res&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olution for a total &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;period of uninter&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;rupted enga&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;gement of two years&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; includi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ng the financ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ial year 2&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;020.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;</arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
   <arr:KeyAuditMattersAudit contextRef="ctx-2" id="pp-value56" xml:lang="en">Key audit matters&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; are those matt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ers that, i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;n our profess&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ional judgement,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; were of most s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ignific&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ance in our audit of the Fi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls39 ws44"&gt;ial St&lt;span class="_ _0"/&gt;atem&lt;span class="_ _0"/&gt;ents for&lt;span class="_ _0"/&gt; &lt;/span&gt;2020. Thes&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e matters were addr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;essed in the context of our&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; audit of t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;he Financi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;al Statements as a whol&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e, and in for&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ming our opinion ther&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eon, and we do not provi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;de a separate &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;opinion on these matt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ers.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; Key audit m&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;atter&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;How our audit addressed the k&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ey audit matter&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;Pre&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;-&lt;span class="ls92 wsc1"&gt;paid discounts and dispenser loans (financial support ar-&lt;/span&gt;&lt;/span&gt;rangements)&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; The Group provide&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s financial support arra&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ngements to certain of its customer&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s, primarily i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;n the US. The financia&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;l support con-sists of prov&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;iding pre&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;-&lt;/span&gt;paid discounts and loans&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; (dispenser loans).&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; The financial su&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;pport arran&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;gements are c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls34 ws40"&gt;omplex due the multi-&lt;/span&gt;ple and complex contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;act elements where&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; the accounting treatment and&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; assessment of t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;he recoverab&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ility includes j&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;udge-ments and ass&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;umptions. &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; We focused on this&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; area because of the signific&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ant impact on the Consolida&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ted Financial Statements and the m&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ultiple and complex contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;act element&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s in the arrang&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements. &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; Refer to note 3.5&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; in the Consolida&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ted Financial Statements.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; We assessed &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;whether the Gro&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;upâs accoun&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ting policies ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e in accordan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ce with IFRS.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; We selected a sa&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;mple of cont&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;racts relat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls34 ws40"&gt;ed to financial support arrange-&lt;/span&gt;ments and evalua&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ted classifica&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;tion of the individual&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; elements of the con-tracts.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; We examined the pri&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nciples for recognition a&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nd valuation of l&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oans and pre&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;-&lt;/span&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws40"&gt;paid discounts&lt;span class="_ _0"/&gt; by obtaining external&lt;span class="_ _0"/&gt; confirmations&lt;span class="_ _0"/&gt; of &lt;/span&gt;outstanding balances. We e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;xamined the p&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;rinciples for amo&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;rtisation o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f pre&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;-&lt;span class="ls34 ws40"&gt;paid dis-&lt;/span&gt;&lt;/span&gt;counts and reca&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;lculated the amortisation sc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;hedule.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; We evaluated and&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; challenged&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; Management&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;âs assessment&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; of valuation&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; and impairment of fi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nancial support &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls38 ws1e"&gt;arrangements based o&lt;span class="_ _4"/&gt;n an assess&lt;span class="_ _4"/&gt;-&lt;/span&gt;ment of recover&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ability and history of pay&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ments.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;  Capitali&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;sation and valuation of developm&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent costs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; The Group capitali&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ses development costs withi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;n both the hear-ing and audio se&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;gment when certain criteri&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;a according to IFRS are met. &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; The criteri&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;a for recognition and measurem&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent of development costs is subject to Ma&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nagementâs judgeme&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nt and assumptions&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, which is unc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ertain by nature.  &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; Completed de&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;velopment p&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;rojects are assess&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed quarterly for impairment indi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cations. For in&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;-&lt;/span&gt;progre&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ss development pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ojects impairment t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ests are performed&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; quarterly&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;. The impairment&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; tests are ba&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;sed on strategy pla&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;n approved by Management and value&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;-&lt;span class="ls17 ws1e"&gt;in&lt;/span&gt;-&lt;/span&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws40"&gt;use calculations&lt;span class="_ _0"/&gt; based on expected futur&lt;span class="_ _0"/&gt;e cash flows.&lt;span class="ls0 ws0"&gt; &lt;/span&gt;&lt;/span&gt; We focused on t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;his area becau&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;se the crit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eria for recognit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;io&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls34 ws3e"&gt;n &lt;/span&gt;and measuremen&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t of develop&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ment proj&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ects are subject t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o Man-agement judgeme&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nts and assumptions. &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; Refer to note 3.1&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; in the Consolida&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ted Financial Statements.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; We assessed &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;whether the Gro&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;upâs accoun&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ting policies ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e in accordan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ce with IFRS.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; We selected a s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls34 ws40"&gt;a&lt;span class="_ _4"/&gt;mple of in&lt;span class="ls0 ws0"&gt;-&lt;/span&gt;progress dev&lt;span class="_ _0"/&gt;elopment projects a&lt;span class="_ _0"/&gt;nd consid-&lt;/span&gt;ered whether al&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;l criteria des&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;cribed in IFRS w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ere met as basi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s for capit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ali-sation. We asses&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;sed relevant&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; internal con&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;trols and perfo&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;rmed substa&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ntive audit procedure&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s to verify capi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;talised amounts.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; We evaluated and&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; challenged&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; Management&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;âs assessment&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; of impairm&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent indicators of c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ompleted development proje&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cts based on the com&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;mercial prospects of the pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ojects.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; For in&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;-&lt;span class="ls38 ws1e"&gt;progress develo&lt;span class="_ _4"/&gt;pment proje&lt;span class="_ _4"/&gt;cts, we challeng&lt;span class="_ _4"/&gt;ed the key assu&lt;span class="_ _4"/&gt;mp-&lt;/span&gt;&lt;/span&gt;tions applied i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;n the value&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;-&lt;span class="ls17 ws1e"&gt;in&lt;/span&gt;-&lt;/span&gt;use calculations. Our&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; work was based on our understanding of the bus&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;iness cases a&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nd key assumptions appl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ied. We challenged w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;hether the intent to finali&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;se the projects&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; remain and whether the pro&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;jects are e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;xpected to&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; generate future eco&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;nomic bene&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;fits exceeding th&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls38 ws42"&gt;e &lt;span class="_ _0"/&gt;carrying values&lt;span class="_ _4"/&gt;.&lt;span class="ls0 ws0"&gt; &lt;/span&gt;&lt;/span&gt;</arr:KeyAuditMattersAudit>
   <arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx-2" id="pp-value138" xml:lang="en">Management is res&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ponsible f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or Managementâs Report, pp &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;1&lt;span class="_ _0"/&gt;-&lt;span class="ls35 ws1b"&gt;55&lt;/span&gt;. &lt;/span&gt; Our opinion on the F&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;inancial State&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ments does not c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;over Managementâs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Report, and we do not &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;express&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; any form of ass&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;urance conc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;lusion thereon.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;In connecti&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;on with our audit of th&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e Financi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;al Statements, our r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esponsi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;bility is to r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ead Managementâs Report and,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; in doing so,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws41"&gt;consi&lt;span class="_ _0"/&gt;der &lt;/span&gt;whether Managementâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s Report is&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; materially i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nconsistent wi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;th the Financi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;al Statements or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; our knowledge obtaine&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;d in the audit,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; or otherwi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;se appears to b&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e materi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ally mi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ss&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;tated. &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;Moreover, w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e consider&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed whether Managementâs Repor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;t includes&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; the disc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;losures requir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed by the Danish F&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;inancial&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Statements Act.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;  &lt;/span&gt; Based on the work we hav&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e perfor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;med, in our vi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ew, Managementâs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Report is i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;n accordanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e with the Consol&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;idated Financi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;al Statements and the Parent Company Fi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nancial Statem&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ents and has been pre&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;pared in acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ordance with the requi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;rements of &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;the Danish F&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;inancial&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;Statements Act. We did not identify any&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; material&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; misstatement in M&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;anagementâs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Report. </arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
   <arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx-2" id="pp-value151" xml:lang="en">Management is res&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ponsible f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the preparation of c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onsolidated &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;financ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ial statements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; and parent comp&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;any financial&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; statements that giv&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e a true and fair view in ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cordanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e with International F&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;inancial Repor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ting St&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;andards as adopted by&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; the EU and&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; further requi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;rements in the D&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;anish Financi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;al Statements Act, and for&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; suc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;h internal c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ontrol as Management determ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ines is&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; necess&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ary to enable the preparation of &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;fi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls39 ws44"&gt;nanc&lt;span class="_ _0"/&gt;ial s&lt;span class="_ _0"/&gt;tate-&lt;/span&gt;ments that ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e free fro&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;m mater&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ial &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;miss&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls37 ws3e"&gt;tatem&lt;span class="_ _0"/&gt;ent, whether due to fr&lt;span class="_ _0"/&gt;aud or error&lt;span class="_ _0"/&gt;.&lt;span class="ls0 ws0"&gt; &lt;/span&gt;&lt;/span&gt; In preparing the Fi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nancial Sta&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;tements,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Management is r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esponsibl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e for assessing the G&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;roupâs and the P&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;arent Companyâs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; ability to c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ontinue as a going concer&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;n, disclosi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ng, as applicable,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; matters related to going c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ern and using the goi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ng concern bas&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;is of acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ounting unless&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Management either intends to li&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;quidate the G&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;roup or the Par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent Company or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; to cease operations&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, or has&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; no realisti&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;c alternative but to do&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws41"&gt;s&lt;span class="_ _0"/&gt;o.&lt;/span&gt; </arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
   <arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx-2" id="pp-value160" xml:lang="en">Our objectiv&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es are to obtain reas&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onable ass&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;urance about wheth&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;er the Fi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nancial Statements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; as a whole &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls39 ws44"&gt;ar&lt;span class="_ _0"/&gt;e free from&lt;span class="_ _0"/&gt; material&lt;span class="_ _0"/&gt; miss&lt;span class="_ _0"/&gt;tatement,&lt;span class="_ _0"/&gt; &lt;/span&gt;whether due to fraud or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; error, and&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; to iss&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ue an auditorâs r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eport that includes&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; our opinion.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Reasonable ass&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;urance is&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; a high level of as&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;surance, but is not a guarantee &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;that an audit co&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nducted in ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cordanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e with ISAs and th&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls39 ws44"&gt;e addi&lt;span class="_ _0"/&gt;tional&lt;span class="_ _0"/&gt; requir&lt;span class="_ _0"/&gt;ements ap&lt;span class="_ _0"/&gt;plic&lt;span class="_ _0"/&gt;able in D&lt;span class="_ _0"/&gt;enmark w&lt;span class="_ _0"/&gt;ill alway&lt;span class="_ _0"/&gt;s detect a &lt;/span&gt;material mis&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;statement when it exi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;sts&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;. Misstatements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; can aris&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e from fraud or error and are c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onsider&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed material i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;f, indivi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;dually or in the a&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ggre-gate, they could reas&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onably be ex&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;pected to infl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;uence the ec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onomic deci&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;sions of us&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ers taken on the ba&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;sis of&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; these Financial Statements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;As part of an audit in ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cordanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e with ISAs and the ad&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ditional requi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;rements appli&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cable in D&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;enmark, we exerc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ise prof&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;essional judgement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; and maintain profes&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;sional s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cepticis&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;m throughout the audit. We als&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o: &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;Identify and ass&lt;span class="_ _0"/&gt;ess the r&lt;span class="_ _0"/&gt;isks of material mi&lt;span class="_ _0"/&gt;sstatement of the Fi&lt;span class="_ _0"/&gt;nancial Statem&lt;span class="_ _0"/&gt;ents, whether due &lt;span class="_ _0"/&gt;to fraud or&lt;span class="_ _0"/&gt; error, des&lt;span class="_ _0"/&gt;ign and&lt;/span&gt;&lt;span class="ff1"&gt; &lt;span class="ls37 ws3e"&gt;perform au&lt;span class="_ _0"/&gt;dit &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;procedures&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; responsive to thos&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e risks,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; and obtain audit evidence th&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;at i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s suffici&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent and appropriate to pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ovide a basi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s for our opi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nion. The risk&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; of not detecti&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ng a material mis&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;statement resul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ting from fraud i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s higher than for&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; one resul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ting from error&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, as fraud m&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ay involve c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ollusion, forgery, i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ntentional omiss&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ions,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; misrepresentations&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, or the overri&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;de of internal c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ontrol.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;Obtain an understandi&lt;span class="_ _0"/&gt;ng of intern&lt;span class="_ _0"/&gt;al contr&lt;span class="_ _0"/&gt;ol relevant to the audit i&lt;span class="_ _0"/&gt;n order&lt;span class="_ _0"/&gt; to design audit proc&lt;span class="_ _0"/&gt;edures t&lt;span class="_ _0"/&gt;hat are appropr&lt;span class="_ _0"/&gt;iate in&lt;/span&gt;&lt;span class="ff1"&gt; &lt;span class="ls37 ws3e"&gt;the cir&lt;span class="_ _0"/&gt;cum-&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;stances&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, but not for the purpos&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e of expres&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;sing an opini&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;on on the effecti&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;veness of the G&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;roupâs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; and the Parent Companyâs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; internal contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ol.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;Evaluate the appropr&lt;span class="_ _0"/&gt;iateness&lt;span class="_ _0"/&gt; of acc&lt;span class="_ _0"/&gt;ounting polici&lt;span class="_ _0"/&gt;es used and the reas&lt;span class="_ _0"/&gt;onableness of ac&lt;span class="_ _0"/&gt;counting es&lt;span class="_ _0"/&gt;timates and related di&lt;span class="_ _0"/&gt;sclos&lt;span class="_ _0"/&gt;ur&lt;span class="ls39 wsab"&gt;es m&lt;span class="_ _0"/&gt;ade by &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;Management.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;Conclude on the appr&lt;span class="_ _0"/&gt;opriateness&lt;span class="_ _0"/&gt; of Managementâs us&lt;span class="_ _0"/&gt;e of&lt;/span&gt;&lt;span class="ff1"&gt; &lt;span class="ls37 ws3e"&gt;the going&lt;span class="_ _0"/&gt; concern bas&lt;span class="_ _0"/&gt;is of acc&lt;span class="_ _0"/&gt;ounting and based on the audi&lt;span class="_ _0"/&gt;t evidence obt&lt;span class="_ _0"/&gt;ained, &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;whether a materi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;al uncertainty ex&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;is&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ts related to events or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; conditions&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; that may cas&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;t signific&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ant doubt on the Groupâs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; and the &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls39 ws44"&gt;Parent Co&lt;span class="_ _0"/&gt;m-&lt;/span&gt;panyâs abil&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ity to continue as&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; a going conc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ern. If we c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onclude that a material unc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ertainty exis&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ts, we ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e required to draw att&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ention in our auditorâs r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eport to the related di&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;sclos&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ures i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;n the Financial&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Statements or,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; if such disc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;losures are i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nadequate, to modify our&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;opi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nion. Our conclusions&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; are based on the audi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;t evidence obtai&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ned up to the dat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e of our auditorâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s report. H&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;owever, futur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e events or condi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;tions may cause the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oup or the Parent Co&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;mpany to cease to c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ontinue as a g&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oing conc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ern.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;Evaluate the over&lt;span class="_ _0"/&gt;all presentation,&lt;span class="_ _0"/&gt; str&lt;span class="_ _0"/&gt;ucture and content of the F&lt;span class="_ _0"/&gt;inanc&lt;span class="_ _0"/&gt;ial Statements, i&lt;span class="_ _0"/&gt;ncluding the dis&lt;span class="_ _0"/&gt;clos&lt;span class="_ _0"/&gt;ures, and whether the Financ&lt;span class="_ _0"/&gt;ial &lt;/span&gt;&lt;/span&gt;Statements repr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esent the underl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ying transac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;tions and events&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; in a manner that ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;hieves fai&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;r presentation.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;Obtain suffi&lt;span class="_ _0"/&gt;cient appropri&lt;span class="_ _0"/&gt;ate audit evi&lt;span class="_ _0"/&gt;dence regarding the &lt;span class="_ _0"/&gt;financi&lt;span class="_ _0"/&gt;al information of the &lt;span class="_ _0"/&gt;entities or&lt;span class="_ _0"/&gt; busines&lt;span class="_ _0"/&gt;s activiti&lt;span class="_ _0"/&gt;es within the G&lt;span class="_ _0"/&gt;roup to &lt;/span&gt;&lt;/span&gt;express an opi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nion on the Consoli&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;dated Financi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;al Statements.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; We are respons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ible for the dir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ection, s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;upervision and perfor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;mance of the group audit. We rem&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ain solely r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esponsibl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e for our audit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws41"&gt;opini&lt;span class="_ _0"/&gt;on.&lt;span class="ls0 ws0"&gt; &lt;/span&gt;&lt;/span&gt;We communicate wi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;th those charged wi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;th governance reg&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;arding, a&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;mong other matters&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, the planned &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;scope and ti&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ming of the audit a&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws41"&gt;nd &lt;/span&gt;signifi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cant audit findi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ngs, includi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ng any signi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ficant defic&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;iencies in i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nternal control that we id&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;entify duri&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ng our aud&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws41"&gt;it.&lt;span class="_ _0"/&gt;&lt;span class="ls0 ws0"&gt; &lt;/span&gt;&lt;/span&gt; We also provi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;de those charged wi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;th governance with a s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;tatement t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;hat we have complied wi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;th releva&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nt ethical r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equirements r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;egar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws75"&gt;ding inde-&lt;/span&gt;pendence, and to comm&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;unicate with them all&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; relations&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;hips and othe&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;r matters that m&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ay reasonably be &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;thought to bear on our i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ndepend-ence, and w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;here applic&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;able, r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elate&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;d saf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eguards.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; From the matters&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; communic&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ated with those charged wi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;th governanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e, we determine thos&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e matters that w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ere of most s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ignific&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ance in the audit of the Financi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;al Statements of the&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; curr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent period and are ther&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;efore the key audit m&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atters&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;. We desc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ribe these matters in our&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; auditorâs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; report unless law or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; regulation prec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ludes public&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; disclos&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ure about the matter or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; when, in extremely&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; rare cir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cumstances&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, we determine that a matter should not be comm&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;unicated in our r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eport because the advers&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equences of doing s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o would reasonably&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; be expected to outw&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eigh t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;he pub-lic inter&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;est benefits of&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; such communicati&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;on.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;</arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
   <arr:AuditorsReportOnXbrlTagging contextRef="ctx-2" id="pp-value198" xml:lang="en">As part of our audit of th&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e Financ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ial Statements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; we performed proc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;edures to expres&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s an opini&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;on on whether the Annual R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eport o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls39 ws44"&gt;f GN&lt;span class="_ _0"/&gt; Store &lt;/span&gt;Nord A/S for the fi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nancial year 1&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; January to 31&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; D&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls39 ws44"&gt;ecem&lt;span class="_ _0"/&gt;ber 2020&lt;span class="_ _0"/&gt; with the file nam&lt;span class="_ _0"/&gt;e &lt;span class="ws83"&gt;GNST&lt;span class="_ _0"/&gt;&lt;span class="ls0 ws0"&gt;-&lt;span class="ls35 ws1b"&gt;2020&lt;/span&gt;-&lt;span class="ls36 ws3f"&gt;12&lt;/span&gt;-&lt;span class="ls8f wsbe"&gt;31.zip&lt;span class="_ _0"/&gt;&lt;/span&gt; &lt;/span&gt;&lt;/span&gt;is prep&lt;span class="_ _0"/&gt;ared, in&lt;span class="_ _0"/&gt; all materi&lt;span class="_ _0"/&gt;al resp&lt;span class="_ _0"/&gt;ects,&lt;span class="_ _0"/&gt; in &lt;/span&gt;complianc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e with the Commiss&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ion Delegated Regulation (E&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;U) 201&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;9/815 on the European Single E&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;lectr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onic For&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;mat (ESEF Regulation) &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws41"&gt;whi&lt;span class="_ _0"/&gt;ch &lt;/span&gt;includes&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; requirements r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elated to the preparation o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;f the Annual Re&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;por&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;t in XHTML&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; format and iXBRL&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; tagging of the Consoli&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;dated Financial&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Statements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt; Management is res&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ponsible f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or preparing an Ann&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ual Report that c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;omplies&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; with the ESEF&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Regulation. Thi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s responsi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;bility includes&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;: &lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls39 ws44"&gt;The prepar&lt;span class="_ _0"/&gt;ati&lt;span class="ls37 ws3e"&gt;on of the Annu&lt;span class="_ _0"/&gt;al Repor&lt;span class="_ _0"/&gt;t in XHTML f&lt;span class="_ _0"/&gt;ormat;&lt;/span&gt;&lt;/span&gt;&lt;span class="ff1"&gt; &lt;/span&gt;&lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;The selecti&lt;span class="_ _0"/&gt;on and application of a&lt;span class="_ _0"/&gt;ppropriate i&lt;span class="_ _0"/&gt;XBRL tags,&lt;span class="_ _0"/&gt; includi&lt;span class="_ _0"/&gt;ng extensions to the ESEF&lt;span class="_ _0"/&gt; taxonomy and the anchori&lt;span class="_ _0"/&gt;ng thereof &lt;span class="ls39 ws44"&gt;to el&lt;span class="_ _0"/&gt;e-&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;ments in the taxonomy,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; for all fin&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ancial i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nformation requi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;red to be tagged usi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ng jud&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls39 ws44"&gt;gement w&lt;span class="_ _0"/&gt;here nec&lt;span class="_ _0"/&gt;ess&lt;span class="_ _0"/&gt;ary;&lt;span class="ls0 ws0"&gt; &lt;/span&gt;&lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;Ensuri&lt;span class="_ _0"/&gt;ng consistency between iX&lt;span class="_ _0"/&gt;BRL tagged data and th&lt;span class="_ _0"/&gt;e Consolida&lt;span class="_ _0"/&gt;ted Financ&lt;span class="_ _0"/&gt;ial Statements&lt;span class="_ _0"/&gt; presented in human&lt;/span&gt;&lt;span class="ff1"&gt;-&lt;span class="ls39 ws44"&gt;rea&lt;span class="_ _0"/&gt;dable f&lt;span class="_ _0"/&gt;ormat;&lt;span class="_ _0"/&gt; and&lt;/span&gt; &lt;/span&gt;&lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;For such inter&lt;span class="_ _0"/&gt;nal control as&lt;span class="_ _0"/&gt; Management determi&lt;span class="_ _0"/&gt;nes neces&lt;span class="_ _0"/&gt;sary to enable the prepara&lt;span class="_ _0"/&gt;tion of an A&lt;span class="_ _0"/&gt;nnual Report tha&lt;span class="_ _0"/&gt;t is c&lt;span class="_ _0"/&gt;ompliant with the &lt;/span&gt;&lt;/span&gt;ESEF Regulation.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;Our respons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ibility is&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; to obtain reasonable ass&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;urance on whether th&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e Annual Report i&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s prepare&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;d, in all materi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;al respec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ts, in c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws1f"&gt;ompl&lt;span class="_ _0"/&gt;iance with &lt;span class="_ _0"/&gt;the &lt;/span&gt;ESEF Regulation bas&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed on the evidenc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e we have obtained,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; and to is&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;sue a report that inc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ludes our opi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nion. T&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;he nature, timing and ex&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;tent of procedures&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; selected depend on th&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e auditorâs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; judgement, includi&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ng the ass&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;essment of the ris&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ks of mater&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ial departures fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;om the &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws41"&gt;require&lt;span class="_ _0"/&gt;ments &lt;/span&gt;set out in the ESEF&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; Regulation, w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;hether due to fraud or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; error. T&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;he proc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;edures inc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;lude:&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;Testing whether the Ann&lt;span class="_ _0"/&gt;ual Repor&lt;span class="_ _0"/&gt;t is prepared i&lt;span class="_ _0"/&gt;n XHTML for&lt;span class="_ _0"/&gt;mat;&lt;/span&gt;&lt;span class="ff1"&gt; &lt;/span&gt;&lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;Obtaining an unders&lt;span class="_ _0"/&gt;tanding of th&lt;span class="_ _0"/&gt;e company&lt;/span&gt;&lt;span class="ff1"&gt;â&lt;span class="ls37 ws3e"&gt;s&lt;span class="_ _0"/&gt; iXBRL tagging proc&lt;span class="_ _0"/&gt;ess&lt;span class="_ _0"/&gt; and of internal control&lt;span class="_ _0"/&gt; over the tagging pr&lt;span class="_ _0"/&gt;ocess&lt;span class="_ _0"/&gt;;&lt;/span&gt; &lt;/span&gt;&lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;Evaluating the com&lt;span class="_ _0"/&gt;pleteness&lt;span class="_ _0"/&gt; of the&lt;/span&gt;&lt;span class="ff1"&gt; &lt;span class="ls37 ws3e"&gt;iXBRL taggi&lt;span class="_ _0"/&gt;ng of the Consolidat&lt;span class="_ _0"/&gt;ed Financ&lt;span class="_ _0"/&gt;ial Statements;&lt;span class="_ _0"/&gt;&lt;/span&gt; &lt;/span&gt;&lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;Evaluating the appr&lt;span class="_ _0"/&gt;opriateness&lt;span class="_ _0"/&gt; of the company&lt;/span&gt;&lt;span class="ff1"&gt;â&lt;span class="ls37 ws3e"&gt;s&lt;span class="_ _0"/&gt; use of iXB&lt;span class="_ _0"/&gt;RL elements selec&lt;span class="_ _0"/&gt;ted from the ESEF&lt;span class="_ _0"/&gt; taxonomy and the creation of &lt;span class="_ _0"/&gt;extensi&lt;span class="_ _0"/&gt;on &lt;/span&gt;&lt;/span&gt;&lt;/span&gt;elements where no s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;uitable eleme&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;nt in the ESEF&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; taxonomy has been&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; id&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ws41"&gt;entified; &lt;span class="ls0 ws0"&gt; &lt;/span&gt;&lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;Evaluating the use of a&lt;span class="_ _0"/&gt;nchori&lt;span class="_ _0"/&gt;ng of extension elements&lt;span class="_ _0"/&gt; to elements&lt;span class="_ _0"/&gt; in the ESEF tax&lt;span class="_ _0"/&gt;onomy; and &lt;/span&gt;&lt;span class="ff1"&gt; &lt;/span&gt;&lt;/span&gt;â¢&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ff6"&gt; &lt;span class="_ _6c"&gt; &lt;/span&gt;&lt;span class="ff1 ls37 ws3e"&gt;Reconcil&lt;span class="_ _0"/&gt;ing the iXBRL&lt;span class="_ _0"/&gt; tagged data with the audit&lt;span class="_ _0"/&gt;ed Consolidated F&lt;span class="_ _0"/&gt;inanc&lt;span class="_ _0"/&gt;ial Statements&lt;span class="_ _0"/&gt;.&lt;/span&gt;&lt;span class="ff1"&gt; &lt;/span&gt;&lt;/span&gt;In our opinion,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; the Annual Report &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;of GN Store N&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ord A/S for the fin&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls39 ws44"&gt;anc&lt;span class="_ _0"/&gt;ial y&lt;span class="_ _0"/&gt;ear 1 Januar&lt;span class="_ _0"/&gt;y to 31&lt;span class="_ _0"/&gt; December 2&lt;span class="_ _0"/&gt;020 wi&lt;span class="_ _0"/&gt;th the fil&lt;span class="_ _0"/&gt;e name &lt;span class="ws83"&gt;GN&lt;span class="_ _0"/&gt;ST&lt;span class="ls0 ws0"&gt;-&lt;span class="ls35 ws1b"&gt;2020&lt;/span&gt;-&lt;/span&gt;&lt;/span&gt;&lt;/span&gt;12&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt;-&lt;span class="ls94 wsc3"&gt;31.z&lt;span class="_ _0"/&gt;ip&lt;/span&gt; &lt;span class="ls37 ws3e"&gt;is prepar&lt;span class="_ _0"/&gt;ed, in all materi&lt;span class="_ _0"/&gt;al respects&lt;span class="_ _0"/&gt;, in compli&lt;span class="_ _0"/&gt;ance with the ESEF&lt;span class="_ _0"/&gt; Regulation.&lt;/span&gt; &lt;/span&gt;</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: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">5493008U3H3W0NKPFL10</gsd:LegalEntityIdentifierOfReportingEntity>
   <gsd:NameOfReportingEntity contextRef="ctx-2" xml:lang="en">GN Store Nord 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">24257843</gsd:IdentificationNumberCvrOfReportingEntity>
   <gsd:AddressOfReportingEntityStreetName contextRef="ctx-2" xml:lang="en">Lautrupbjerg</gsd:AddressOfReportingEntityStreetName>
   <gsd:AddressOfReportingEntityStreetBuildingIdentifier contextRef="ctx-2" xml:lang="en">7</gsd:AddressOfReportingEntityStreetBuildingIdentifier>
   <gsd:AddressOfReportingEntityPostCodeIdentifier contextRef="ctx-2" xml:lang="en">2750</gsd:AddressOfReportingEntityPostCodeIdentifier>
   <gsd:AddressOfReportingEntityDistrictName contextRef="ctx-2" xml:lang="en">Ballerup</gsd:AddressOfReportingEntityDistrictName>
   <gsd:AddressOfReportingEntityCountry contextRef="ctx-2" xml:lang="en">Denmark</gsd:AddressOfReportingEntityCountry>
   <gsd:TelephoneNumberOfReportingEntity contextRef="ctx-2" xml:lang="en">+4545750000</gsd:TelephoneNumberOfReportingEntity>
   <gsd:HomepageOfReportingEntity contextRef="ctx-2" xml:lang="en">gn.com</gsd:HomepageOfReportingEntity>
   <gsd:EmailOfReportingEntity contextRef="ctx-2" xml:lang="en">info@gn.com</gsd:EmailOfReportingEntity>
   <mrv:LinkToCorporateGovernanceReport contextRef="ctx-2" xml:lang="en">gn.com/CorporateGovernance2020</mrv:LinkToCorporateGovernanceReport>
   <mrv:LinkToStatementOfCorporateSocialResponsibility contextRef="ctx-2" xml:lang="en">gn.com/sustainabilityESG2020</mrv:LinkToStatementOfCorporateSocialResponsibility>
   <mrv:LinkToStatementOfDiversityPolicies contextRef="ctx-2" xml:lang="en">gn.com/sustainabilityESG2020</mrv:LinkToStatementOfDiversityPolicies>
   <mrv:LinkToStatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="ctx-2" xml:lang="en">gn.com/sustainabilityESG2020</mrv:LinkToStatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
   <fsa:AverageNumberOfEmployees contextRef="ctx-2" decimals="0" unitRef="pure">6325</fsa:AverageNumberOfEmployees>
   <fsa:AverageNumberOfEmployees contextRef="ctx-18" decimals="0" unitRef="pure">6250</fsa:AverageNumberOfEmployees>
   <fsa:AverageNumberOfEmployees contextRef="ctx-1" decimals="0" unitRef="pure">225</fsa:AverageNumberOfEmployees>
   <fsa:AverageNumberOfEmployees contextRef="ctx-19" decimals="0" unitRef="pure">175</fsa:AverageNumberOfEmployees>
   <cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-3" xml:lang="en">RenÃ© Svendsen-Tune</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
   <cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-3" xml:lang="en">CEO, GN Store Nord &amp;amp; GN Audio</cmn:TitleOfMemberOfExecutiveBoard>
   <cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-4" xml:lang="en">Gitte Pugholm Aabo</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
   <cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-4" xml:lang="en">CEO, GN Hearing</cmn:TitleOfMemberOfExecutiveBoard>
   <cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-5" xml:lang="en">Peter la Cour Gormsen</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
   <cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-5" xml:lang="en">CFO, GN Store Nord &amp;amp; GN Audio</cmn:TitleOfMemberOfExecutiveBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-6" xml:lang="en">Per Wold-Olsen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-6" xml:lang="en">Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-7" xml:lang="en">Jukka Pekka Pertola</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-7" xml:lang="en">Deputy chairman</cmn:TitleOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-8" xml:lang="en">HÃ©lÃ¨ne Barnekow</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-9" xml:lang="en">Montserrat Maresch Pascual</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-10" xml:lang="en">Wolfgang Reim</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-11" xml:lang="en">Ronica Wang</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-12" xml:lang="en">Anette Weber</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-13" xml:lang="en">Morten Andersen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-14" xml:lang="en">Leo Larsen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-15" xml:lang="en">Marcus Stuhr Perathoner</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <gsd:LegalEntityIdentifierOfSubmittingEnterprise contextRef="ctx-2" xml:lang="en">5493008U3H3W0NKPFL10</gsd:LegalEntityIdentifierOfSubmittingEnterprise>
   <gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="ctx-2" xml:lang="en">24257843</gsd:IdentificationNumberCvrOfSubmittingEnterprise>
   <gsd:NameOfSubmittingEnterprise contextRef="ctx-2" xml:lang="en">GN Store Nord A/S</gsd:NameOfSubmittingEnterprise>
   <gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="ctx-2" xml:lang="en">Lautrupbjerg 7</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
   <gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="ctx-2" xml:lang="en">2750 Ballerup</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">Hellerup</arr:SignatureOfAuditorsPlace>
   <arr:SignatureOfAuditorsDate contextRef="ctx-2" xml:lang="en">2021-02-11</arr:SignatureOfAuditorsDate>
   <cmn:NameAndSurnameOfAuditor contextRef="ctx-16" xml:lang="en">Mogens NÃ¸rgaard Mogensen</cmn:NameAndSurnameOfAuditor>
   <cmn:DescriptionOfAuditor contextRef="ctx-16" xml:lang="en">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
   <cmn:IdentificationNumberOfAuditor contextRef="ctx-16" xml:lang="en">mne21404</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">Strandvejen</gsd:AddressOfAuditorStreetName>
   <gsd:AddressOfAuditorStreetBuildingIdentifier contextRef="ctx-16" xml:lang="en">44</gsd:AddressOfAuditorStreetBuildingIdentifier>
   <gsd:AddressOfAuditorPostCodeIdentifier contextRef="ctx-16" xml:lang="en">2900</gsd:AddressOfAuditorPostCodeIdentifier>
   <gsd:AddressOfAuditorDistrictName contextRef="ctx-16" xml:lang="en">Hellerup</gsd:AddressOfAuditorDistrictName>
   <gsd:AddressOfAuditorCountry contextRef="ctx-16" xml:lang="en">Denmark</gsd:AddressOfAuditorCountry>
   <cmn:NameAndSurnameOfAuditor contextRef="ctx-17" xml:lang="en">Mads Melgaard</cmn:NameAndSurnameOfAuditor>
   <cmn:DescriptionOfAuditor contextRef="ctx-17" xml:lang="en">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
   <cmn:IdentificationNumberOfAuditor contextRef="ctx-17" xml:lang="en">mne34354</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">Strandvejen</gsd:AddressOfAuditorStreetName>
   <gsd:AddressOfAuditorStreetBuildingIdentifier contextRef="ctx-17" xml:lang="en">44</gsd:AddressOfAuditorStreetBuildingIdentifier>
   <gsd:AddressOfAuditorPostCodeIdentifier contextRef="ctx-17" xml:lang="en">2900</gsd:AddressOfAuditorPostCodeIdentifier>
   <gsd:AddressOfAuditorDistrictName contextRef="ctx-17" xml:lang="en">Hellerup</gsd:AddressOfAuditorDistrictName>
   <gsd:AddressOfAuditorCountry contextRef="ctx-17" xml:lang="en">Denmark</gsd:AddressOfAuditorCountry>
</xbrli:xbrl>