Assets
| Type | Time | Amount | Unit |
|---|---|---|---|
| ifrs-full:Assets | 2020-12-31 | 5563000000 | vDKK |
| ifrs-full:Assets | 2019-12-31 | 5495000000 | vDKK |
Revenue
| Type | Start date | End date | Amount | Unit |
|---|---|---|---|---|
| ifrs-full:Revenue | 2020-01-01 | 2020-12-31 | 3491000000 | vDKK |
| ifrs-full:Revenue | 2019-01-01 | 2019-12-31 | 3274000000 | vDKK |
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<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Auditorâs responsibilities for the audit of</td></tr><tr><td colspan="2">the Financial Statements</td></tr><tr><td colspan="2">Our objectives are to obtain reasonable</td></tr><tr><td colspan="2">assurance about whether the Financial</td></tr><tr><td colspan="2">Statements as a whole are free from material</td></tr><tr><td colspan="2">misstatement, whether due to fraud or error,</td></tr><tr><td colspan="2">and to issue an auditorâs report that includes</td></tr><tr><td colspan="2">our opinion. Reasonable assurance is a high</td></tr><tr><td colspan="2">level of assurance, but is not a guarantee</td></tr><tr><td colspan="2">that an audit conducted in accordance</td></tr><tr><td colspan="2">with ISAs and the additional requirements</td></tr><tr><td colspan="2">applicable in Denmark will always detect</td></tr><tr><td colspan="2">a material misstatement when it exists.</td></tr><tr><td colspan="2">Misstatements can arise from fraud or error</td></tr><tr><td colspan="2">and are considered material if, individually or</td></tr><tr><td colspan="2">in the aggregate, they could reasonably be</td></tr><tr><td colspan="2">expected to influence the economic decisions</td></tr><tr><td colspan="2">of users taken on the basis of these Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">As part of an audit in accordance with ISAs</td></tr><tr><td colspan="2">and the additional requirements applicable</td></tr><tr><td colspan="2">in Denmark, we exercise professional</td></tr><tr><td colspan="2">judgement and maintain professional</td></tr><tr><td colspan="2">scepticism throughout the audit. We also</td></tr><tr><td>â¢</td><td>Identify and assess the risks of material</td></tr><tr><td /><td>misstatement of the Financial Statements,</td></tr><tr><td /><td>whether due to fraud or error, design and</td></tr><tr><td /><td>perform audit procedures responsive to</td></tr><tr><td /><td>those risks, and obtain audit evidence</td></tr><tr><td /><td>that is sufficient and appropriate to</td></tr><tr><td /><td>provide a basis for our opinion. The risk</td></tr><tr><td /><td>of not detecting a material misstatement</td></tr><tr><td /><td>resulting from fraud is higher than for one</td></tr><tr><td /><td>resulting from error, as fraud may involve</td></tr><tr><td /><td>collusion, forgery, intentional omissions,</td></tr><tr><td /><td>misrepresentations, or the override of</td></tr><tr><td /><td>internal control.</td></tr><tr><td>â¢</td><td>Obtain an understanding of internal</td></tr><tr><td /><td>control relevant to the audit in order</td></tr><tr><td /><td>to design audit procedures that are</td></tr><tr><td /><td>appropriate in the circumstances, but not</td></tr><tr><td /><td>for the purpose of expressing an opinion</td></tr><tr><td /><td>on the effectiveness of the Groupâs and the</td></tr><tr><td /><td>Parent Companyâs internal control.</td></tr><tr><td>â¢</td><td>Evaluate the appropriateness of</td></tr><tr><td /><td>accounting policies used and the</td></tr><tr><td /><td>reasonableness of accounting estimates</td></tr><tr><td /><td>and related disclosures made by</td></tr><tr><td /><td>Management.</td></tr><tr><td>â¢</td><td>Conclude on the appropriateness of</td></tr><tr><td /><td>Managementâs use of the going concern</td></tr><tr><td /><td>basis of accounting and based on the</td></tr><tr><td /><td>audit evidence obtained, whether a</td></tr><tr><td /><td>material uncertainty exists related</td></tr><tr><td /><td>to events or conditions that may cast</td></tr><tr><td /><td>significant doubt on the Groupâs and the</td></tr><tr><td /><td>Parent Companyâs ability to continue</td></tr><tr><td /><td>as a going concern. If we conclude</td></tr><tr><td /><td>that a material uncertainty exists, we</td></tr><tr><td /><td>are required to draw attention in our</td></tr><tr><td /><td>auditorâs report to the related disclosures</td></tr><tr><td /><td>in the Financial Statements or, if such</td></tr><tr><td /><td>disclosures are inadequate, to modify</td></tr><tr><td /><td>our opinion. Our conclusions are based</td></tr><tr><td /><td>on the audit evidence obtained up to the</td></tr><tr><td /><td>date of our auditorâs report. However,</td></tr><tr><td /><td>future events or conditions may cause the</td></tr><tr><td /><td>Group or the Parent Company to cease to</td></tr><tr><td /><td>continue as a going concern.</td></tr><tr><td>â¢</td><td>Evaluate the overall presentation,</td></tr><tr><td /><td>structure and content of the Financial</td></tr><tr><td /><td>Statements, including the disclosures,</td></tr><tr><td /><td>and whether the Financial Statements</td></tr><tr><td /><td>represent the underlying transactions</td></tr><tr><td /><td>and events in a manner that achieves fair</td></tr><tr><td /><td>presentation.</td></tr><tr><td>â¢</td><td>Obtain sufficient appropriate audit</td></tr><tr><td /><td>evidence regarding the financial</td></tr><tr><td /><td>information of the entities or business</td></tr><tr><td /><td>activities within the Group to express an</td></tr><tr><td /><td>opinion on the Consolidated Financial</td></tr><tr><td /><td>Statements. We are responsible for the</td></tr><tr><td /><td>direction, supervision and performance</td></tr><tr><td /><td>of the group audit. We remain solely</td></tr><tr><td /><td>responsible for our audit opinion.</td></tr><tr><td colspan="2">We communicate with those charged</td></tr><tr><td colspan="2">with governance regarding, among other</td></tr><tr><td colspan="2">matters, the planned scope and timing of the</td></tr><tr><td colspan="2">audit and significant audit findings, including</td></tr><tr><td colspan="2">any significant deficiencies in internal control</td></tr><tr><td colspan="2">that we identify during our audit.</td></tr><tr><td colspan="2">We also provide those charged with</td></tr><tr><td colspan="2">governance with a statement that we</td></tr><tr><td colspan="2">have complied with relevant ethical</td></tr><tr><td colspan="2">requirements regarding independence, and</td></tr><tr><td colspan="2">to communicate with them all relationships</td></tr><tr><td colspan="2">and other matters that may reasonably be</td></tr><tr><td colspan="2">thought to bear on our independence, and</td></tr><tr><td colspan="2">where applicable, related safeguards.</td></tr><tr><td colspan="2">From the matters communicated with those</td></tr><tr><td colspan="2">charged with governance, we determine</td></tr><tr><td colspan="2">those matters that were of most significance</td></tr><tr><td colspan="2">in the audit of the Financial Statements</td></tr><tr><td colspan="2">of the current period and are therefore</td></tr><tr><td colspan="2">the key audit matters. We describe these</td></tr><tr><td colspan="2">matters in our auditorâs report unless law</td></tr><tr><td colspan="2">or regulation precludes public disclosure</td></tr><tr><td colspan="2">about the matter or when, in extremely rare</td></tr><tr><td colspan="2">circumstances, we determine that a matter</td></tr><tr><td colspan="2">should not be communicated in our report</td></tr><tr><td colspan="2">because the adverse consequences of</td></tr><tr><td colspan="2">doing so would reasonably be expected to</td></tr><tr><td colspan="2">outweigh the public interest benefits of such</td></tr><tr><td colspan="2">communication.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Auditorâs responsibilities for the audit of</td></tr><tr><td colspan="2">the Financial Statements</td></tr><tr><td colspan="2">Our objectives are to obtain reasonable</td></tr><tr><td colspan="2">assurance about whether the Financial</td></tr><tr><td colspan="2">Statements as a whole are free from material</td></tr><tr><td colspan="2">misstatement, whether due to fraud or error,</td></tr><tr><td colspan="2">and to issue an auditorâs report that includes</td></tr><tr><td colspan="2">our opinion. Reasonable assurance is a high</td></tr><tr><td colspan="2">level of assurance, but is not a guarantee</td></tr><tr><td colspan="2">that an audit conducted in accordance</td></tr><tr><td colspan="2">with ISAs and the additional requirements</td></tr><tr><td colspan="2">applicable in Denmark will always detect</td></tr><tr><td colspan="2">a material misstatement when it exists.</td></tr><tr><td colspan="2">Misstatements can arise from fraud or error</td></tr><tr><td colspan="2">and are considered material if, individually or</td></tr><tr><td colspan="2">in the aggregate, they could reasonably be</td></tr><tr><td colspan="2">expected to influence the economic decisions</td></tr><tr><td colspan="2">of users taken on the basis of these Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">As part of an audit in accordance with ISAs</td></tr><tr><td colspan="2">and the additional requirements applicable</td></tr><tr><td colspan="2">in Denmark, we exercise professional</td></tr><tr><td colspan="2">judgement and maintain professional</td></tr><tr><td colspan="2">scepticism throughout the audit. We also</td></tr><tr><td>â¢</td><td>Identify and assess the risks of material</td></tr><tr><td /><td>misstatement of the Financial Statements,</td></tr><tr><td /><td>whether due to fraud or error, design and</td></tr><tr><td /><td>perform audit procedures responsive to</td></tr><tr><td /><td>those risks, and obtain audit evidence</td></tr><tr><td /><td>that is sufficient and appropriate to</td></tr><tr><td /><td>provide a basis for our opinion. The risk</td></tr><tr><td /><td>of not detecting a material misstatement</td></tr><tr><td /><td>resulting from fraud is higher than for one</td></tr><tr><td /><td>resulting from error, as fraud may involve</td></tr><tr><td /><td>collusion, forgery, intentional omissions,</td></tr><tr><td /><td>misrepresentations, or the override of</td></tr><tr><td /><td>internal control.</td></tr><tr><td>â¢</td><td>Obtain an understanding of internal</td></tr><tr><td /><td>control relevant to the audit in order</td></tr><tr><td /><td>to design audit procedures that are</td></tr><tr><td /><td>appropriate in the circumstances, but not</td></tr><tr><td /><td>for the purpose of expressing an opinion</td></tr><tr><td /><td>on the effectiveness of the Groupâs and the</td></tr><tr><td /><td>Parent Companyâs internal control.</td></tr><tr><td>â¢</td><td>Evaluate the appropriateness of</td></tr><tr><td /><td>accounting policies used and the</td></tr><tr><td /><td>reasonableness of accounting estimates</td></tr><tr><td /><td>and related disclosures made by</td></tr><tr><td /><td>Management.</td></tr><tr><td>â¢</td><td>Conclude on the appropriateness of</td></tr><tr><td /><td>Managementâs use of the going concern</td></tr><tr><td /><td>basis of accounting and based on the</td></tr><tr><td /><td>audit evidence obtained, whether a</td></tr><tr><td /><td>material uncertainty exists related</td></tr><tr><td /><td>to events or conditions that may cast</td></tr><tr><td /><td>significant doubt on the Groupâs and the</td></tr><tr><td /><td>Parent Companyâs ability to continue</td></tr><tr><td /><td>as a going concern. If we conclude</td></tr><tr><td /><td>that a material uncertainty exists, we</td></tr><tr><td /><td>are required to draw attention in our</td></tr><tr><td /><td>auditorâs report to the related disclosures</td></tr><tr><td /><td>in the Financial Statements or, if such</td></tr><tr><td /><td>disclosures are inadequate, to modify</td></tr><tr><td /><td>our opinion. Our conclusions are based</td></tr><tr><td /><td>on the audit evidence obtained up to the</td></tr><tr><td /><td>date of our auditorâs report. However,</td></tr><tr><td /><td>future events or conditions may cause the</td></tr><tr><td /><td>Group or the Parent Company to cease to</td></tr><tr><td /><td>continue as a going concern.</td></tr><tr><td>â¢</td><td>Evaluate the overall presentation,</td></tr><tr><td /><td>structure and content of the Financial</td></tr><tr><td /><td>Statements, including the disclosures,</td></tr><tr><td /><td>and whether the Financial Statements</td></tr><tr><td /><td>represent the underlying transactions</td></tr><tr><td /><td>and events in a manner that achieves fair</td></tr><tr><td /><td>presentation.</td></tr><tr><td>â¢</td><td>Obtain sufficient appropriate audit</td></tr><tr><td /><td>evidence regarding the financial</td></tr><tr><td /><td>information of the entities or business</td></tr><tr><td /><td>activities within the Group to express an</td></tr><tr><td /><td>opinion on the Consolidated Financial</td></tr><tr><td /><td>Statements. We are responsible for the</td></tr><tr><td /><td>direction, supervision and performance</td></tr><tr><td /><td>of the group audit. We remain solely</td></tr><tr><td /><td>responsible for our audit opinion.</td></tr><tr><td colspan="2">We communicate with those charged</td></tr><tr><td colspan="2">with governance regarding, among other</td></tr><tr><td colspan="2">matters, the planned scope and timing of the</td></tr><tr><td colspan="2">audit and significant audit findings, including</td></tr><tr><td colspan="2">any significant deficiencies in internal control</td></tr><tr><td colspan="2">that we identify during our audit.</td></tr><tr><td colspan="2">We also provide those charged with</td></tr><tr><td colspan="2">governance with a statement that we</td></tr><tr><td colspan="2">have complied with relevant ethical</td></tr><tr><td colspan="2">requirements regarding independence, and</td></tr><tr><td colspan="2">to communicate with them all relationships</td></tr><tr><td colspan="2">and other matters that may reasonably be</td></tr><tr><td colspan="2">thought to bear on our independence, and</td></tr><tr><td colspan="2">where applicable, related safeguards.</td></tr><tr><td colspan="2">From the matters communicated with those</td></tr><tr><td colspan="2">charged with governance, we determine</td></tr><tr><td colspan="2">those matters that were of most significance</td></tr><tr><td colspan="2">in the audit of the Financial Statements</td></tr><tr><td colspan="2">of the current period and are therefore</td></tr><tr><td colspan="2">the key audit matters. We describe these</td></tr><tr><td colspan="2">matters in our auditorâs report unless law</td></tr><tr><td colspan="2">or regulation precludes public disclosure</td></tr><tr><td colspan="2">about the matter or when, in extremely rare</td></tr><tr><td colspan="2">circumstances, we determine that a matter</td></tr><tr><td colspan="2">should not be communicated in our report</td></tr><tr><td colspan="2">because the adverse consequences of</td></tr><tr><td colspan="2">doing so would reasonably be expected to</td></tr><tr><td colspan="2">outweigh the public interest benefits of such</td></tr><tr><td colspan="2">communication.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Auditorâs responsibilities for the audit of</td></tr><tr><td colspan="2">the Financial Statements</td></tr><tr><td colspan="2">Our objectives are to obtain reasonable</td></tr><tr><td colspan="2">assurance about whether the Financial</td></tr><tr><td colspan="2">Statements as a whole are free from material</td></tr><tr><td colspan="2">misstatement, whether due to fraud or error,</td></tr><tr><td colspan="2">and to issue an auditorâs report that includes</td></tr><tr><td colspan="2">our opinion. Reasonable assurance is a high</td></tr><tr><td colspan="2">level of assurance, but is not a guarantee</td></tr><tr><td colspan="2">that an audit conducted in accordance</td></tr><tr><td colspan="2">with ISAs and the additional requirements</td></tr><tr><td colspan="2">applicable in Denmark will always detect</td></tr><tr><td colspan="2">a material misstatement when it exists.</td></tr><tr><td colspan="2">Misstatements can arise from fraud or error</td></tr><tr><td colspan="2">and are considered material if, individually or</td></tr><tr><td colspan="2">in the aggregate, they could reasonably be</td></tr><tr><td colspan="2">expected to influence the economic decisions</td></tr><tr><td colspan="2">of users taken on the basis of these Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">As part of an audit in accordance with ISAs</td></tr><tr><td colspan="2">and the additional requirements applicable</td></tr><tr><td colspan="2">in Denmark, we exercise professional</td></tr><tr><td colspan="2">judgement and maintain professional</td></tr><tr><td colspan="2">scepticism throughout the audit. We also</td></tr><tr><td>â¢</td><td>Identify and assess the risks of material</td></tr><tr><td /><td>misstatement of the Financial Statements,</td></tr><tr><td /><td>whether due to fraud or error, design and</td></tr><tr><td /><td>perform audit procedures responsive to</td></tr><tr><td /><td>those risks, and obtain audit evidence</td></tr><tr><td /><td>that is sufficient and appropriate to</td></tr><tr><td /><td>provide a basis for our opinion. The risk</td></tr><tr><td /><td>of not detecting a material misstatement</td></tr><tr><td /><td>resulting from fraud is higher than for one</td></tr><tr><td /><td>resulting from error, as fraud may involve</td></tr><tr><td /><td>collusion, forgery, intentional omissions,</td></tr><tr><td /><td>misrepresentations, or the override of</td></tr><tr><td /><td>internal control.</td></tr><tr><td>â¢</td><td>Obtain an understanding of internal</td></tr><tr><td /><td>control relevant to the audit in order</td></tr><tr><td /><td>to design audit procedures that are</td></tr><tr><td /><td>appropriate in the circumstances, but not</td></tr><tr><td /><td>for the purpose of expressing an opinion</td></tr><tr><td /><td>on the effectiveness of the Groupâs and the</td></tr><tr><td /><td>Parent Companyâs internal control.</td></tr><tr><td>â¢</td><td>Evaluate the appropriateness of</td></tr><tr><td /><td>accounting policies used and the</td></tr><tr><td /><td>reasonableness of accounting estimates</td></tr><tr><td /><td>and related disclosures made by</td></tr><tr><td /><td>Management.</td></tr><tr><td>â¢</td><td>Conclude on the appropriateness of</td></tr><tr><td /><td>Managementâs use of the going concern</td></tr><tr><td /><td>basis of accounting and based on the</td></tr><tr><td /><td>audit evidence obtained, whether a</td></tr><tr><td /><td>material uncertainty exists related</td></tr><tr><td /><td>to events or conditions that may cast</td></tr><tr><td /><td>significant doubt on the Groupâs and the</td></tr><tr><td /><td>Parent Companyâs ability to continue</td></tr><tr><td /><td>as a going concern. If we conclude</td></tr><tr><td /><td>that a material uncertainty exists, we</td></tr><tr><td /><td>are required to draw attention in our</td></tr><tr><td /><td>auditorâs report to the related disclosures</td></tr><tr><td /><td>in the Financial Statements or, if such</td></tr><tr><td /><td>disclosures are inadequate, to modify</td></tr><tr><td /><td>our opinion. Our conclusions are based</td></tr><tr><td /><td>on the audit evidence obtained up to the</td></tr><tr><td /><td>date of our auditorâs report. However,</td></tr><tr><td /><td>future events or conditions may cause the</td></tr><tr><td /><td>Group or the Parent Company to cease to</td></tr><tr><td /><td>continue as a going concern.</td></tr><tr><td>â¢</td><td>Evaluate the overall presentation,</td></tr><tr><td /><td>structure and content of the Financial</td></tr><tr><td /><td>Statements, including the disclosures,</td></tr><tr><td /><td>and whether the Financial Statements</td></tr><tr><td /><td>represent the underlying transactions</td></tr><tr><td /><td>and events in a manner that achieves fair</td></tr><tr><td /><td>presentation.</td></tr><tr><td>â¢</td><td>Obtain sufficient appropriate audit</td></tr><tr><td /><td>evidence regarding the financial</td></tr><tr><td /><td>information of the entities or business</td></tr><tr><td /><td>activities within the Group to express an</td></tr><tr><td /><td>opinion on the Consolidated Financial</td></tr><tr><td /><td>Statements. We are responsible for the</td></tr><tr><td /><td>direction, supervision and performance</td></tr><tr><td /><td>of the group audit. We remain solely</td></tr><tr><td /><td>responsible for our audit opinion.</td></tr><tr><td colspan="2">We communicate with those charged</td></tr><tr><td colspan="2">with governance regarding, among other</td></tr><tr><td colspan="2">matters, the planned scope and timing of the</td></tr><tr><td colspan="2">audit and significant audit findings, including</td></tr><tr><td colspan="2">any significant deficiencies in internal control</td></tr><tr><td colspan="2">that we identify during our audit.</td></tr><tr><td colspan="2">We also provide those charged with</td></tr><tr><td colspan="2">governance with a statement that we</td></tr><tr><td colspan="2">have complied with relevant ethical</td></tr><tr><td colspan="2">requirements regarding independence, and</td></tr><tr><td colspan="2">to communicate with them all relationships</td></tr><tr><td colspan="2">and other matters that may reasonably be</td></tr><tr><td colspan="2">thought to bear on our independence, and</td></tr><tr><td colspan="2">where applicable, related safeguards.</td></tr><tr><td colspan="2">From the matters communicated with those</td></tr><tr><td colspan="2">charged with governance, we determine</td></tr><tr><td colspan="2">those matters that were of most significance</td></tr><tr><td colspan="2">in the audit of the Financial Statements</td></tr><tr><td colspan="2">of the current period and are therefore</td></tr><tr><td colspan="2">the key audit matters. We describe these</td></tr><tr><td colspan="2">matters in our auditorâs report unless law</td></tr><tr><td colspan="2">or regulation precludes public disclosure</td></tr><tr><td colspan="2">about the matter or when, in extremely rare</td></tr><tr><td colspan="2">circumstances, we determine that a matter</td></tr><tr><td colspan="2">should not be communicated in our report</td></tr><tr><td colspan="2">because the adverse consequences of</td></tr><tr><td colspan="2">doing so would reasonably be expected to</td></tr><tr><td colspan="2">outweigh the public interest benefits of such</td></tr><tr><td colspan="2">communication.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Auditorâs responsibilities for the audit of</td></tr><tr><td colspan="2">the Financial Statements</td></tr><tr><td colspan="2">Our objectives are to obtain reasonable</td></tr><tr><td colspan="2">assurance about whether the Financial</td></tr><tr><td colspan="2">Statements as a whole are free from material</td></tr><tr><td colspan="2">misstatement, whether due to fraud or error,</td></tr><tr><td colspan="2">and to issue an auditorâs report that includes</td></tr><tr><td colspan="2">our opinion. Reasonable assurance is a high</td></tr><tr><td colspan="2">level of assurance, but is not a guarantee</td></tr><tr><td colspan="2">that an audit conducted in accordance</td></tr><tr><td colspan="2">with ISAs and the additional requirements</td></tr><tr><td colspan="2">applicable in Denmark will always detect</td></tr><tr><td colspan="2">a material misstatement when it exists.</td></tr><tr><td colspan="2">Misstatements can arise from fraud or error</td></tr><tr><td colspan="2">and are considered material if, individually or</td></tr><tr><td colspan="2">in the aggregate, they could reasonably be</td></tr><tr><td colspan="2">expected to influence the economic decisions</td></tr><tr><td colspan="2">of users taken on the basis of these Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">As part of an audit in accordance with ISAs</td></tr><tr><td colspan="2">and the additional requirements applicable</td></tr><tr><td colspan="2">in Denmark, we exercise professional</td></tr><tr><td colspan="2">judgement and maintain professional</td></tr><tr><td colspan="2">scepticism throughout the audit. We also</td></tr><tr><td>â¢</td><td>Identify and assess the risks of material</td></tr><tr><td /><td>misstatement of the Financial Statements,</td></tr><tr><td /><td>whether due to fraud or error, design and</td></tr><tr><td /><td>perform audit procedures responsive to</td></tr><tr><td /><td>those risks, and obtain audit evidence</td></tr><tr><td /><td>that is sufficient and appropriate to</td></tr><tr><td /><td>provide a basis for our opinion. The risk</td></tr><tr><td /><td>of not detecting a material misstatement</td></tr><tr><td /><td>resulting from fraud is higher than for one</td></tr><tr><td /><td>resulting from error, as fraud may involve</td></tr><tr><td /><td>collusion, forgery, intentional omissions,</td></tr><tr><td /><td>misrepresentations, or the override of</td></tr><tr><td /><td>internal control.</td></tr><tr><td>â¢</td><td>Obtain an understanding of internal</td></tr><tr><td /><td>control relevant to the audit in order</td></tr><tr><td /><td>to design audit procedures that are</td></tr><tr><td /><td>appropriate in the circumstances, but not</td></tr><tr><td /><td>for the purpose of expressing an opinion</td></tr><tr><td /><td>on the effectiveness of the Groupâs and the</td></tr><tr><td /><td>Parent Companyâs internal control.</td></tr><tr><td>â¢</td><td>Evaluate the appropriateness of</td></tr><tr><td /><td>accounting policies used and the</td></tr><tr><td /><td>reasonableness of accounting estimates</td></tr><tr><td /><td>and related disclosures made by</td></tr><tr><td /><td>Management.</td></tr><tr><td>â¢</td><td>Conclude on the appropriateness of</td></tr><tr><td /><td>Managementâs use of the going concern</td></tr><tr><td /><td>basis of accounting and based on the</td></tr><tr><td /><td>audit evidence obtained, whether a</td></tr><tr><td /><td>material uncertainty exists related</td></tr><tr><td /><td>to events or conditions that may cast</td></tr><tr><td /><td>significant doubt on the Groupâs and the</td></tr><tr><td /><td>Parent Companyâs ability to continue</td></tr><tr><td /><td>as a going concern. If we conclude</td></tr><tr><td /><td>that a material uncertainty exists, we</td></tr><tr><td /><td>are required to draw attention in our</td></tr><tr><td /><td>auditorâs report to the related disclosures</td></tr><tr><td /><td>in the Financial Statements or, if such</td></tr><tr><td /><td>disclosures are inadequate, to modify</td></tr><tr><td /><td>our opinion. Our conclusions are based</td></tr><tr><td /><td>on the audit evidence obtained up to the</td></tr><tr><td /><td>date of our auditorâs report. However,</td></tr><tr><td /><td>future events or conditions may cause the</td></tr><tr><td /><td>Group or the Parent Company to cease to</td></tr><tr><td /><td>continue as a going concern.</td></tr><tr><td>â¢</td><td>Evaluate the overall presentation,</td></tr><tr><td /><td>structure and content of the Financial</td></tr><tr><td /><td>Statements, including the disclosures,</td></tr><tr><td /><td>and whether the Financial Statements</td></tr><tr><td /><td>represent the underlying transactions</td></tr><tr><td /><td>and events in a manner that achieves fair</td></tr><tr><td /><td>presentation.</td></tr><tr><td>â¢</td><td>Obtain sufficient appropriate audit</td></tr><tr><td /><td>evidence regarding the financial</td></tr><tr><td /><td>information of the entities or business</td></tr><tr><td /><td>activities within the Group to express an</td></tr><tr><td /><td>opinion on the Consolidated Financial</td></tr><tr><td /><td>Statements. We are responsible for the</td></tr><tr><td /><td>direction, supervision and performance</td></tr><tr><td /><td>of the group audit. We remain solely</td></tr><tr><td /><td>responsible for our audit opinion.</td></tr><tr><td colspan="2">We communicate with those charged</td></tr><tr><td colspan="2">with governance regarding, among other</td></tr><tr><td colspan="2">matters, the planned scope and timing of the</td></tr><tr><td colspan="2">audit and significant audit findings, including</td></tr><tr><td colspan="2">any significant deficiencies in internal control</td></tr><tr><td colspan="2">that we identify during our audit.</td></tr><tr><td colspan="2">We also provide those charged with</td></tr><tr><td colspan="2">governance with a statement that we</td></tr><tr><td colspan="2">have complied with relevant ethical</td></tr><tr><td colspan="2">requirements regarding independence, and</td></tr><tr><td colspan="2">to communicate with them all relationships</td></tr><tr><td colspan="2">and other matters that may reasonably be</td></tr><tr><td colspan="2">thought to bear on our independence, and</td></tr><tr><td colspan="2">where applicable, related safeguards.</td></tr><tr><td colspan="2">From the matters communicated with those</td></tr><tr><td colspan="2">charged with governance, we determine</td></tr><tr><td colspan="2">those matters that were of most significance</td></tr><tr><td colspan="2">in the audit of the Financial Statements</td></tr><tr><td colspan="2">of the current period and are therefore</td></tr><tr><td colspan="2">the key audit matters. We describe these</td></tr><tr><td colspan="2">matters in our auditorâs report unless law</td></tr><tr><td colspan="2">or regulation precludes public disclosure</td></tr><tr><td colspan="2">about the matter or when, in extremely rare</td></tr><tr><td colspan="2">circumstances, we determine that a matter</td></tr><tr><td colspan="2">should not be communicated in our report</td></tr><tr><td colspan="2">because the adverse consequences of</td></tr><tr><td colspan="2">doing so would reasonably be expected to</td></tr><tr><td colspan="2">outweigh the public interest benefits of such</td></tr><tr><td colspan="2">communication.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Auditorâs responsibilities for the audit of</td></tr><tr><td colspan="2">the Financial Statements</td></tr><tr><td colspan="2">Our objectives are to obtain reasonable</td></tr><tr><td colspan="2">assurance about whether the Financial</td></tr><tr><td colspan="2">Statements as a whole are free from material</td></tr><tr><td colspan="2">misstatement, whether due to fraud or error,</td></tr><tr><td colspan="2">and to issue an auditorâs report that includes</td></tr><tr><td colspan="2">our opinion. Reasonable assurance is a high</td></tr><tr><td colspan="2">level of assurance, but is not a guarantee</td></tr><tr><td colspan="2">that an audit conducted in accordance</td></tr><tr><td colspan="2">with ISAs and the additional requirements</td></tr><tr><td colspan="2">applicable in Denmark will always detect</td></tr><tr><td colspan="2">a material misstatement when it exists.</td></tr><tr><td colspan="2">Misstatements can arise from fraud or error</td></tr><tr><td colspan="2">and are considered material if, individually or</td></tr><tr><td colspan="2">in the aggregate, they could reasonably be</td></tr><tr><td colspan="2">expected to influence the economic decisions</td></tr><tr><td colspan="2">of users taken on the basis of these Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">As part of an audit in accordance with ISAs</td></tr><tr><td colspan="2">and the additional requirements applicable</td></tr><tr><td colspan="2">in Denmark, we exercise professional</td></tr><tr><td colspan="2">judgement and maintain professional</td></tr><tr><td colspan="2">scepticism throughout the audit. We also</td></tr><tr><td>â¢</td><td>Identify and assess the risks of material</td></tr><tr><td /><td>misstatement of the Financial Statements,</td></tr><tr><td /><td>whether due to fraud or error, design and</td></tr><tr><td /><td>perform audit procedures responsive to</td></tr><tr><td /><td>those risks, and obtain audit evidence</td></tr><tr><td /><td>that is sufficient and appropriate to</td></tr><tr><td /><td>provide a basis for our opinion. The risk</td></tr><tr><td /><td>of not detecting a material misstatement</td></tr><tr><td /><td>resulting from fraud is higher than for one</td></tr><tr><td /><td>resulting from error, as fraud may involve</td></tr><tr><td /><td>collusion, forgery, intentional omissions,</td></tr><tr><td /><td>misrepresentations, or the override of</td></tr><tr><td /><td>internal control.</td></tr><tr><td>â¢</td><td>Obtain an understanding of internal</td></tr><tr><td /><td>control relevant to the audit in order</td></tr><tr><td /><td>to design audit procedures that are</td></tr><tr><td /><td>appropriate in the circumstances, but not</td></tr><tr><td /><td>for the purpose of expressing an opinion</td></tr><tr><td /><td>on the effectiveness of the Groupâs and the</td></tr><tr><td /><td>Parent Companyâs internal control.</td></tr><tr><td>â¢</td><td>Evaluate the appropriateness of</td></tr><tr><td /><td>accounting policies used and the</td></tr><tr><td /><td>reasonableness of accounting estimates</td></tr><tr><td /><td>and related disclosures made by</td></tr><tr><td /><td>Management.</td></tr><tr><td>â¢</td><td>Conclude on the appropriateness of</td></tr><tr><td /><td>Managementâs use of the going concern</td></tr><tr><td /><td>basis of accounting and based on the</td></tr><tr><td /><td>audit evidence obtained, whether a</td></tr><tr><td /><td>material uncertainty exists related</td></tr><tr><td /><td>to events or conditions that may cast</td></tr><tr><td /><td>significant doubt on the Groupâs and the</td></tr><tr><td /><td>Parent Companyâs ability to continue</td></tr><tr><td /><td>as a going concern. If we conclude</td></tr><tr><td /><td>that a material uncertainty exists, we</td></tr><tr><td /><td>are required to draw attention in our</td></tr><tr><td /><td>auditorâs report to the related disclosures</td></tr><tr><td /><td>in the Financial Statements or, if such</td></tr><tr><td /><td>disclosures are inadequate, to modify</td></tr><tr><td /><td>our opinion. Our conclusions are based</td></tr><tr><td /><td>on the audit evidence obtained up to the</td></tr><tr><td /><td>date of our auditorâs report. However,</td></tr><tr><td /><td>future events or conditions may cause the</td></tr><tr><td /><td>Group or the Parent Company to cease to</td></tr><tr><td /><td>continue as a going concern.</td></tr><tr><td>â¢</td><td>Evaluate the overall presentation,</td></tr><tr><td /><td>structure and content of the Financial</td></tr><tr><td /><td>Statements, including the disclosures,</td></tr><tr><td /><td>and whether the Financial Statements</td></tr><tr><td /><td>represent the underlying transactions</td></tr><tr><td /><td>and events in a manner that achieves fair</td></tr><tr><td /><td>presentation.</td></tr><tr><td>â¢</td><td>Obtain sufficient appropriate audit</td></tr><tr><td /><td>evidence regarding the financial</td></tr><tr><td /><td>information of the entities or business</td></tr><tr><td /><td>activities within the Group to express an</td></tr><tr><td /><td>opinion on the Consolidated Financial</td></tr><tr><td /><td>Statements. We are responsible for the</td></tr><tr><td /><td>direction, supervision and performance</td></tr><tr><td /><td>of the group audit. We remain solely</td></tr><tr><td /><td>responsible for our audit opinion.</td></tr><tr><td colspan="2">We communicate with those charged</td></tr><tr><td colspan="2">with governance regarding, among other</td></tr><tr><td colspan="2">matters, the planned scope and timing of the</td></tr><tr><td colspan="2">audit and significant audit findings, including</td></tr><tr><td colspan="2">any significant deficiencies in internal control</td></tr><tr><td colspan="2">that we identify during our audit.</td></tr><tr><td colspan="2">We also provide those charged with</td></tr><tr><td colspan="2">governance with a statement that we</td></tr><tr><td colspan="2">have complied with relevant ethical</td></tr><tr><td colspan="2">requirements regarding independence, and</td></tr><tr><td colspan="2">to communicate with them all relationships</td></tr><tr><td colspan="2">and other matters that may reasonably be</td></tr><tr><td colspan="2">thought to bear on our independence, and</td></tr><tr><td colspan="2">where applicable, related safeguards.</td></tr><tr><td colspan="2">From the matters communicated with those</td></tr><tr><td colspan="2">charged with governance, we determine</td></tr><tr><td colspan="2">those matters that were of most significance</td></tr><tr><td colspan="2">in the audit of the Financial Statements</td></tr><tr><td colspan="2">of the current period and are therefore</td></tr><tr><td colspan="2">the key audit matters. We describe these</td></tr><tr><td colspan="2">matters in our auditorâs report unless law</td></tr><tr><td colspan="2">or regulation precludes public disclosure</td></tr><tr><td colspan="2">about the matter or when, in extremely rare</td></tr><tr><td colspan="2">circumstances, we determine that a matter</td></tr><tr><td colspan="2">should not be communicated in our report</td></tr><tr><td colspan="2">because the adverse consequences of</td></tr><tr><td colspan="2">doing so would reasonably be expected to</td></tr><tr><td colspan="2">outweigh the public interest benefits of such</td></tr><tr><td colspan="2">communication.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Auditorâs responsibilities for the audit of</td></tr><tr><td colspan="2">the Financial Statements</td></tr><tr><td colspan="2">Our objectives are to obtain reasonable</td></tr><tr><td colspan="2">assurance about whether the Financial</td></tr><tr><td colspan="2">Statements as a whole are free from material</td></tr><tr><td colspan="2">misstatement, whether due to fraud or error,</td></tr><tr><td colspan="2">and to issue an auditorâs report that includes</td></tr><tr><td colspan="2">our opinion. Reasonable assurance is a high</td></tr><tr><td colspan="2">level of assurance, but is not a guarantee</td></tr><tr><td colspan="2">that an audit conducted in accordance</td></tr><tr><td colspan="2">with ISAs and the additional requirements</td></tr><tr><td colspan="2">applicable in Denmark will always detect</td></tr><tr><td colspan="2">a material misstatement when it exists.</td></tr><tr><td colspan="2">Misstatements can arise from fraud or error</td></tr><tr><td colspan="2">and are considered material if, individually or</td></tr><tr><td colspan="2">in the aggregate, they could reasonably be</td></tr><tr><td colspan="2">expected to influence the economic decisions</td></tr><tr><td colspan="2">of users taken on the basis of these Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">As part of an audit in accordance with ISAs</td></tr><tr><td colspan="2">and the additional requirements applicable</td></tr><tr><td colspan="2">in Denmark, we exercise professional</td></tr><tr><td colspan="2">judgement and maintain professional</td></tr><tr><td colspan="2">scepticism throughout the audit. We also</td></tr><tr><td>â¢</td><td>Identify and assess the risks of material</td></tr><tr><td /><td>misstatement of the Financial Statements,</td></tr><tr><td /><td>whether due to fraud or error, design and</td></tr><tr><td /><td>perform audit procedures responsive to</td></tr><tr><td /><td>those risks, and obtain audit evidence</td></tr><tr><td /><td>that is sufficient and appropriate to</td></tr><tr><td /><td>provide a basis for our opinion. The risk</td></tr><tr><td /><td>of not detecting a material misstatement</td></tr><tr><td /><td>resulting from fraud is higher than for one</td></tr><tr><td /><td>resulting from error, as fraud may involve</td></tr><tr><td /><td>collusion, forgery, intentional omissions,</td></tr><tr><td /><td>misrepresentations, or the override of</td></tr><tr><td /><td>internal control.</td></tr><tr><td>â¢</td><td>Obtain an understanding of internal</td></tr><tr><td /><td>control relevant to the audit in order</td></tr><tr><td /><td>to design audit procedures that are</td></tr><tr><td /><td>appropriate in the circumstances, but not</td></tr><tr><td /><td>for the purpose of expressing an opinion</td></tr><tr><td /><td>on the effectiveness of the Groupâs and the</td></tr><tr><td /><td>Parent Companyâs internal control.</td></tr><tr><td>â¢</td><td>Evaluate the appropriateness of</td></tr><tr><td /><td>accounting policies used and the</td></tr><tr><td /><td>reasonableness of accounting estimates</td></tr><tr><td /><td>and related disclosures made by</td></tr><tr><td /><td>Management.</td></tr><tr><td>â¢</td><td>Conclude on the appropriateness of</td></tr><tr><td /><td>Managementâs use of the going concern</td></tr><tr><td /><td>basis of accounting and based on the</td></tr><tr><td /><td>audit evidence obtained, whether a</td></tr><tr><td /><td>material uncertainty exists related</td></tr><tr><td /><td>to events or conditions that may cast</td></tr><tr><td /><td>significant doubt on the Groupâs and the</td></tr><tr><td /><td>Parent Companyâs ability to continue</td></tr><tr><td /><td>as a going concern. If we conclude</td></tr><tr><td /><td>that a material uncertainty exists, we</td></tr><tr><td /><td>are required to draw attention in our</td></tr><tr><td /><td>auditorâs report to the related disclosures</td></tr><tr><td /><td>in the Financial Statements or, if such</td></tr><tr><td /><td>disclosures are inadequate, to modify</td></tr><tr><td /><td>our opinion. Our conclusions are based</td></tr><tr><td /><td>on the audit evidence obtained up to the</td></tr><tr><td /><td>date of our auditorâs report. However,</td></tr><tr><td /><td>future events or conditions may cause the</td></tr><tr><td /><td>Group or the Parent Company to cease to</td></tr><tr><td /><td>continue as a going concern.</td></tr><tr><td>â¢</td><td>Evaluate the overall presentation,</td></tr><tr><td /><td>structure and content of the Financial</td></tr><tr><td /><td>Statements, including the disclosures,</td></tr><tr><td /><td>and whether the Financial Statements</td></tr><tr><td /><td>represent the underlying transactions</td></tr><tr><td /><td>and events in a manner that achieves fair</td></tr><tr><td /><td>presentation.</td></tr><tr><td>â¢</td><td>Obtain sufficient appropriate audit</td></tr><tr><td /><td>evidence regarding the financial</td></tr><tr><td /><td>information of the entities or business</td></tr><tr><td /><td>activities within the Group to express an</td></tr><tr><td /><td>opinion on the Consolidated Financial</td></tr><tr><td /><td>Statements. We are responsible for the</td></tr><tr><td /><td>direction, supervision and performance</td></tr><tr><td /><td>of the group audit. We remain solely</td></tr><tr><td /><td>responsible for our audit opinion.</td></tr><tr><td colspan="2">We communicate with those charged</td></tr><tr><td colspan="2">with governance regarding, among other</td></tr><tr><td colspan="2">matters, the planned scope and timing of the</td></tr><tr><td colspan="2">audit and significant audit findings, including</td></tr><tr><td colspan="2">any significant deficiencies in internal control</td></tr><tr><td colspan="2">that we identify during our audit.</td></tr><tr><td colspan="2">We also provide those charged with</td></tr><tr><td colspan="2">governance with a statement that we</td></tr><tr><td colspan="2">have complied with relevant ethical</td></tr><tr><td colspan="2">requirements regarding independence, and</td></tr><tr><td colspan="2">to communicate with them all relationships</td></tr><tr><td colspan="2">and other matters that may reasonably be</td></tr><tr><td colspan="2">thought to bear on our independence, and</td></tr><tr><td colspan="2">where applicable, related safeguards.</td></tr><tr><td colspan="2">From the matters communicated with those</td></tr><tr><td colspan="2">charged with governance, we determine</td></tr><tr><td colspan="2">those matters that were of most significance</td></tr><tr><td colspan="2">in the audit of the Financial Statements</td></tr><tr><td colspan="2">of the current period and are therefore</td></tr><tr><td colspan="2">the key audit matters. We describe these</td></tr><tr><td colspan="2">matters in our auditorâs report unless law</td></tr><tr><td colspan="2">or regulation precludes public disclosure</td></tr><tr><td colspan="2">about the matter or when, in extremely rare</td></tr><tr><td colspan="2">circumstances, we determine that a matter</td></tr><tr><td colspan="2">should not be communicated in our report</td></tr><tr><td colspan="2">because the adverse consequences of</td></tr><tr><td colspan="2">doing so would reasonably be expected to</td></tr><tr><td colspan="2">outweigh the public interest benefits of such</td></tr><tr><td colspan="2">communication.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Report on compliance with</td></tr><tr><td colspan="2">the ESEF Regulation</td></tr><tr><td colspan="2">As part of our audit of the Financial</td></tr><tr><td colspan="2">Statements we performed procedures to</td></tr><tr><td colspan="2">express an opinion on whether the annual</td></tr><tr><td colspan="2">report of ALK-Abelló A/S for the financial</td></tr><tr><td colspan="2">year 1 January to 31 December 2020 with the filename ALK-2020-12-31.zip is prepared,</td></tr><tr><td colspan="2">in all material respects, in compliance with</td></tr><tr><td colspan="2">the Commission Delegated Regulation (EU)</td></tr><tr><td colspan="2">2019/815 on the European Single Electronic</td></tr><tr><td colspan="2">Format (ESEF Regulation) which includes</td></tr><tr><td colspan="2">requirements related to the preparation</td></tr><tr><td colspan="2">of the annual report in XHTML format and</td></tr><tr><td colspan="2">iXBRL tagging of the Consolidated Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">Management is responsible for preparing</td></tr><tr><td colspan="2">an annual report that complies with the ESEF</td></tr><tr><td colspan="2">Regulation. This responsibility includes</td></tr><tr><td>â¢</td><td>The preparing of the annual report in</td></tr><tr><td /><td>XHTML format;</td></tr><tr><td>â¢</td><td>The selection and application of</td></tr><tr><td /><td>appropriate iXBRL tags, including</td></tr><tr><td /><td>extensions to the ESEF taxonomy and</td></tr><tr><td /><td>the anchoring thereof to elements in the</td></tr><tr><td /><td>taxonomy, for all financial information</td></tr><tr><td /><td>required to be tagged using judgement</td></tr><tr><td /><td>where necessary;</td></tr><tr><td>â¢</td><td>Ensuring consistency between iXBRL</td></tr><tr><td /><td>tagged data and the Consolidated</td></tr><tr><td /><td>Financial Statements presented in human-</td></tr><tr><td /><td>readable format; and</td></tr><tr><td>â¢</td><td>For such internal control as Management</td></tr><tr><td /><td>determines necessary to enable the</td></tr><tr><td /><td>preparation of an annual report that is</td></tr><tr><td /><td>compliant with the ESEF Regulation.</td></tr><tr><td colspan="2">Our responsibility is to obtain reasonable</td></tr><tr><td colspan="2">assurance on whether the annual report</td></tr><tr><td colspan="2">is prepared, in all material respects, in</td></tr><tr><td colspan="2">compliance with the ESEF Regulation based</td></tr><tr><td colspan="2">on the evidence we have obtained, and to</td></tr><tr><td colspan="2">issue a report that includes our opinion.</td></tr><tr><td colspan="2">The nature, timing and extent of procedures</td></tr><tr><td colspan="2">selected depend on the auditorâs judgement,</td></tr><tr><td colspan="2">including the assessment of the risks of</td></tr><tr><td colspan="2">material departures from the requirements</td></tr><tr><td colspan="2">set out in the ESEF Regulation, whether due to</td></tr><tr><td colspan="2">fraud or error. The procedures include</td></tr><tr><td>â¢</td><td>Testing whether the annual report is</td></tr><tr><td /><td>prepared in XHTML format;</td></tr><tr><td>â¢</td><td>Obtaining an understanding of the</td></tr><tr><td /><td>companyâs iXBRL tagging process and of</td></tr><tr><td /><td>internal control over the tagging process;</td></tr><tr><td>â¢</td><td>Evaluating the completeness of the iXBRL</td></tr><tr><td /><td>tagging of the Consolidated Financial</td></tr><tr><td /><td>Statements;</td></tr><tr><td>â¢</td><td>Evaluating the appropriateness of the</td></tr><tr><td /><td>companyâs use of iXBRL elements selected</td></tr><tr><td /><td>from the ESEF taxonomy and the creation</td></tr><tr><td /><td>of extension elements where no suitable</td></tr><tr><td /><td>element in the ESEF taxonomy has been</td></tr><tr><td /><td>identified;</td></tr><tr><td>â¢</td><td>Evaluating the use of anchoring of</td></tr><tr><td /><td>extension elements to elements in the</td></tr><tr><td /><td>ESEF taxonomy; and</td></tr><tr><td>â¢</td><td>Reconciling the iXBRL tagged data with</td></tr><tr><td /><td>the audited Consolidated Financial</td></tr><tr><td /><td>Statements.</td></tr><tr><td colspan="2">In our opinion, the annual report of ALK-</td></tr><tr><td colspan="2">Abelló A/S for the financial year 1 January to</td></tr><tr><td colspan="2">31 December 2020 with the file name ALK-</td></tr><tr><td colspan="2">2020-12-31.zip is prepared, in all material</td></tr><tr><td colspan="2">respects, in compliance with the ESEF</td></tr><tr><td colspan="2">Regulation.</td></tr><tr><td colspan="2">Hellerup, 10 February 2021</td></tr></table></arr:AuditorsReportOnXbrlTagging>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Report on compliance with</td></tr><tr><td colspan="2">the ESEF Regulation</td></tr><tr><td colspan="2">As part of our audit of the Financial</td></tr><tr><td colspan="2">Statements we performed procedures to</td></tr><tr><td colspan="2">express an opinion on whether the annual</td></tr><tr><td colspan="2">report of ALK-Abelló A/S for the financial</td></tr><tr><td colspan="2">year 1 January to 31 December 2020 with the filename ALK-2020-12-31.zip is prepared,</td></tr><tr><td colspan="2">in all material respects, in compliance with</td></tr><tr><td colspan="2">the Commission Delegated Regulation (EU)</td></tr><tr><td colspan="2">2019/815 on the European Single Electronic</td></tr><tr><td colspan="2">Format (ESEF Regulation) which includes</td></tr><tr><td colspan="2">requirements related to the preparation</td></tr><tr><td colspan="2">of the annual report in XHTML format and</td></tr><tr><td colspan="2">iXBRL tagging of the Consolidated Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">Management is responsible for preparing</td></tr><tr><td colspan="2">an annual report that complies with the ESEF</td></tr><tr><td colspan="2">Regulation. This responsibility includes</td></tr><tr><td>â¢</td><td>The preparing of the annual report in</td></tr><tr><td /><td>XHTML format;</td></tr><tr><td>â¢</td><td>The selection and application of</td></tr><tr><td /><td>appropriate iXBRL tags, including</td></tr><tr><td /><td>extensions to the ESEF taxonomy and</td></tr><tr><td /><td>the anchoring thereof to elements in the</td></tr><tr><td /><td>taxonomy, for all financial information</td></tr><tr><td /><td>required to be tagged using judgement</td></tr><tr><td /><td>where necessary;</td></tr><tr><td>â¢</td><td>Ensuring consistency between iXBRL</td></tr><tr><td /><td>tagged data and the Consolidated</td></tr><tr><td /><td>Financial Statements presented in human-</td></tr><tr><td /><td>readable format; and</td></tr><tr><td>â¢</td><td>For such internal control as Management</td></tr><tr><td /><td>determines necessary to enable the</td></tr><tr><td /><td>preparation of an annual report that is</td></tr><tr><td /><td>compliant with the ESEF Regulation.</td></tr><tr><td colspan="2">Our responsibility is to obtain reasonable</td></tr><tr><td colspan="2">assurance on whether the annual report</td></tr><tr><td colspan="2">is prepared, in all material respects, in</td></tr><tr><td colspan="2">compliance with the ESEF Regulation based</td></tr><tr><td colspan="2">on the evidence we have obtained, and to</td></tr><tr><td colspan="2">issue a report that includes our opinion.</td></tr><tr><td colspan="2">The nature, timing and extent of procedures</td></tr><tr><td colspan="2">selected depend on the auditorâs judgement,</td></tr><tr><td colspan="2">including the assessment of the risks of</td></tr><tr><td colspan="2">material departures from the requirements</td></tr><tr><td colspan="2">set out in the ESEF Regulation, whether due to</td></tr><tr><td colspan="2">fraud or error. The procedures include</td></tr><tr><td>â¢</td><td>Testing whether the annual report is</td></tr><tr><td /><td>prepared in XHTML format;</td></tr><tr><td>â¢</td><td>Obtaining an understanding of the</td></tr><tr><td /><td>companyâs iXBRL tagging process and of</td></tr><tr><td /><td>internal control over the tagging process;</td></tr><tr><td>â¢</td><td>Evaluating the completeness of the iXBRL</td></tr><tr><td /><td>tagging of the Consolidated Financial</td></tr><tr><td /><td>Statements;</td></tr><tr><td>â¢</td><td>Evaluating the appropriateness of the</td></tr><tr><td /><td>companyâs use of iXBRL elements selected</td></tr><tr><td /><td>from the ESEF taxonomy and the creation</td></tr><tr><td /><td>of extension elements where no suitable</td></tr><tr><td /><td>element in the ESEF taxonomy has been</td></tr><tr><td /><td>identified;</td></tr><tr><td>â¢</td><td>Evaluating the use of anchoring of</td></tr><tr><td /><td>extension elements to elements in the</td></tr><tr><td /><td>ESEF taxonomy; and</td></tr><tr><td>â¢</td><td>Reconciling the iXBRL tagged data with</td></tr><tr><td /><td>the audited Consolidated Financial</td></tr><tr><td /><td>Statements.</td></tr><tr><td colspan="2">In our opinion, the annual report of ALK-</td></tr><tr><td colspan="2">Abelló A/S for the financial year 1 January to</td></tr><tr><td colspan="2">31 December 2020 with the file name ALK-</td></tr><tr><td colspan="2">2020-12-31.zip is prepared, in all material</td></tr><tr><td colspan="2">respects, in compliance with the ESEF</td></tr><tr><td colspan="2">Regulation.</td></tr><tr><td colspan="2">Hellerup, 10 February 2021</td></tr></table></arr:AuditorsReportOnXbrlTagging>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Report on compliance with</td></tr><tr><td colspan="2">the ESEF Regulation</td></tr><tr><td colspan="2">As part of our audit of the Financial</td></tr><tr><td colspan="2">Statements we performed procedures to</td></tr><tr><td colspan="2">express an opinion on whether the annual</td></tr><tr><td colspan="2">report of ALK-Abelló A/S for the financial</td></tr><tr><td colspan="2">year 1 January to 31 December 2020 with the filename ALK-2020-12-31.zip is prepared,</td></tr><tr><td colspan="2">in all material respects, in compliance with</td></tr><tr><td colspan="2">the Commission Delegated Regulation (EU)</td></tr><tr><td colspan="2">2019/815 on the European Single Electronic</td></tr><tr><td colspan="2">Format (ESEF Regulation) which includes</td></tr><tr><td colspan="2">requirements related to the preparation</td></tr><tr><td colspan="2">of the annual report in XHTML format and</td></tr><tr><td colspan="2">iXBRL tagging of the Consolidated Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">Management is responsible for preparing</td></tr><tr><td colspan="2">an annual report that complies with the ESEF</td></tr><tr><td colspan="2">Regulation. This responsibility includes</td></tr><tr><td>â¢</td><td>The preparing of the annual report in</td></tr><tr><td /><td>XHTML format;</td></tr><tr><td>â¢</td><td>The selection and application of</td></tr><tr><td /><td>appropriate iXBRL tags, including</td></tr><tr><td /><td>extensions to the ESEF taxonomy and</td></tr><tr><td /><td>the anchoring thereof to elements in the</td></tr><tr><td /><td>taxonomy, for all financial information</td></tr><tr><td /><td>required to be tagged using judgement</td></tr><tr><td /><td>where necessary;</td></tr><tr><td>â¢</td><td>Ensuring consistency between iXBRL</td></tr><tr><td /><td>tagged data and the Consolidated</td></tr><tr><td /><td>Financial Statements presented in human-</td></tr><tr><td /><td>readable format; and</td></tr><tr><td>â¢</td><td>For such internal control as Management</td></tr><tr><td /><td>determines necessary to enable the</td></tr><tr><td /><td>preparation of an annual report that is</td></tr><tr><td /><td>compliant with the ESEF Regulation.</td></tr><tr><td colspan="2">Our responsibility is to obtain reasonable</td></tr><tr><td colspan="2">assurance on whether the annual report</td></tr><tr><td colspan="2">is prepared, in all material respects, in</td></tr><tr><td colspan="2">compliance with the ESEF Regulation based</td></tr><tr><td colspan="2">on the evidence we have obtained, and to</td></tr><tr><td colspan="2">issue a report that includes our opinion.</td></tr><tr><td colspan="2">The nature, timing and extent of procedures</td></tr><tr><td colspan="2">selected depend on the auditorâs judgement,</td></tr><tr><td colspan="2">including the assessment of the risks of</td></tr><tr><td colspan="2">material departures from the requirements</td></tr><tr><td colspan="2">set out in the ESEF Regulation, whether due to</td></tr><tr><td colspan="2">fraud or error. The procedures include</td></tr><tr><td>â¢</td><td>Testing whether the annual report is</td></tr><tr><td /><td>prepared in XHTML format;</td></tr><tr><td>â¢</td><td>Obtaining an understanding of the</td></tr><tr><td /><td>companyâs iXBRL tagging process and of</td></tr><tr><td /><td>internal control over the tagging process;</td></tr><tr><td>â¢</td><td>Evaluating the completeness of the iXBRL</td></tr><tr><td /><td>tagging of the Consolidated Financial</td></tr><tr><td /><td>Statements;</td></tr><tr><td>â¢</td><td>Evaluating the appropriateness of the</td></tr><tr><td /><td>companyâs use of iXBRL elements selected</td></tr><tr><td /><td>from the ESEF taxonomy and the creation</td></tr><tr><td /><td>of extension elements where no suitable</td></tr><tr><td /><td>element in the ESEF taxonomy has been</td></tr><tr><td /><td>identified;</td></tr><tr><td>â¢</td><td>Evaluating the use of anchoring of</td></tr><tr><td /><td>extension elements to elements in the</td></tr><tr><td /><td>ESEF taxonomy; and</td></tr><tr><td>â¢</td><td>Reconciling the iXBRL tagged data with</td></tr><tr><td /><td>the audited Consolidated Financial</td></tr><tr><td /><td>Statements.</td></tr><tr><td colspan="2">In our opinion, the annual report of ALK-</td></tr><tr><td colspan="2">Abelló A/S for the financial year 1 January to</td></tr><tr><td colspan="2">31 December 2020 with the file name ALK-</td></tr><tr><td colspan="2">2020-12-31.zip is prepared, in all material</td></tr><tr><td colspan="2">respects, in compliance with the ESEF</td></tr><tr><td colspan="2">Regulation.</td></tr><tr><td colspan="2">Hellerup, 10 February 2021</td></tr></table></arr:AuditorsReportOnXbrlTagging>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Report on compliance with</td></tr><tr><td colspan="2">the ESEF Regulation</td></tr><tr><td colspan="2">As part of our audit of the Financial</td></tr><tr><td colspan="2">Statements we performed procedures to</td></tr><tr><td colspan="2">express an opinion on whether the annual</td></tr><tr><td colspan="2">report of ALK-Abelló A/S for the financial</td></tr><tr><td colspan="2">year 1 January to 31 December 2020 with the filename ALK-2020-12-31.zip is prepared,</td></tr><tr><td colspan="2">in all material respects, in compliance with</td></tr><tr><td colspan="2">the Commission Delegated Regulation (EU)</td></tr><tr><td colspan="2">2019/815 on the European Single Electronic</td></tr><tr><td colspan="2">Format (ESEF Regulation) which includes</td></tr><tr><td colspan="2">requirements related to the preparation</td></tr><tr><td colspan="2">of the annual report in XHTML format and</td></tr><tr><td colspan="2">iXBRL tagging of the Consolidated Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">Management is responsible for preparing</td></tr><tr><td colspan="2">an annual report that complies with the ESEF</td></tr><tr><td colspan="2">Regulation. This responsibility includes</td></tr><tr><td>â¢</td><td>The preparing of the annual report in</td></tr><tr><td /><td>XHTML format;</td></tr><tr><td>â¢</td><td>The selection and application of</td></tr><tr><td /><td>appropriate iXBRL tags, including</td></tr><tr><td /><td>extensions to the ESEF taxonomy and</td></tr><tr><td /><td>the anchoring thereof to elements in the</td></tr><tr><td /><td>taxonomy, for all financial information</td></tr><tr><td /><td>required to be tagged using judgement</td></tr><tr><td /><td>where necessary;</td></tr><tr><td>â¢</td><td>Ensuring consistency between iXBRL</td></tr><tr><td /><td>tagged data and the Consolidated</td></tr><tr><td /><td>Financial Statements presented in human-</td></tr><tr><td /><td>readable format; and</td></tr><tr><td>â¢</td><td>For such internal control as Management</td></tr><tr><td /><td>determines necessary to enable the</td></tr><tr><td /><td>preparation of an annual report that is</td></tr><tr><td /><td>compliant with the ESEF Regulation.</td></tr><tr><td colspan="2">Our responsibility is to obtain reasonable</td></tr><tr><td colspan="2">assurance on whether the annual report</td></tr><tr><td colspan="2">is prepared, in all material respects, in</td></tr><tr><td colspan="2">compliance with the ESEF Regulation based</td></tr><tr><td colspan="2">on the evidence we have obtained, and to</td></tr><tr><td colspan="2">issue a report that includes our opinion.</td></tr><tr><td colspan="2">The nature, timing and extent of procedures</td></tr><tr><td colspan="2">selected depend on the auditorâs judgement,</td></tr><tr><td colspan="2">including the assessment of the risks of</td></tr><tr><td colspan="2">material departures from the requirements</td></tr><tr><td colspan="2">set out in the ESEF Regulation, whether due to</td></tr><tr><td colspan="2">fraud or error. The procedures include</td></tr><tr><td>â¢</td><td>Testing whether the annual report is</td></tr><tr><td /><td>prepared in XHTML format;</td></tr><tr><td>â¢</td><td>Obtaining an understanding of the</td></tr><tr><td /><td>companyâs iXBRL tagging process and of</td></tr><tr><td /><td>internal control over the tagging process;</td></tr><tr><td>â¢</td><td>Evaluating the completeness of the iXBRL</td></tr><tr><td /><td>tagging of the Consolidated Financial</td></tr><tr><td /><td>Statements;</td></tr><tr><td>â¢</td><td>Evaluating the appropriateness of the</td></tr><tr><td /><td>companyâs use of iXBRL elements selected</td></tr><tr><td /><td>from the ESEF taxonomy and the creation</td></tr><tr><td /><td>of extension elements where no suitable</td></tr><tr><td /><td>element in the ESEF taxonomy has been</td></tr><tr><td /><td>identified;</td></tr><tr><td>â¢</td><td>Evaluating the use of anchoring of</td></tr><tr><td /><td>extension elements to elements in the</td></tr><tr><td /><td>ESEF taxonomy; and</td></tr><tr><td>â¢</td><td>Reconciling the iXBRL tagged data with</td></tr><tr><td /><td>the audited Consolidated Financial</td></tr><tr><td /><td>Statements.</td></tr><tr><td colspan="2">In our opinion, the annual report of ALK-</td></tr><tr><td colspan="2">Abelló A/S for the financial year 1 January to</td></tr><tr><td colspan="2">31 December 2020 with the file name ALK-</td></tr><tr><td colspan="2">2020-12-31.zip is prepared, in all material</td></tr><tr><td colspan="2">respects, in compliance with the ESEF</td></tr><tr><td colspan="2">Regulation.</td></tr><tr><td colspan="2">Hellerup, 10 February 2021</td></tr></table></arr:AuditorsReportOnXbrlTagging>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Report on compliance with</td></tr><tr><td colspan="2">the ESEF Regulation</td></tr><tr><td colspan="2">As part of our audit of the Financial</td></tr><tr><td colspan="2">Statements we performed procedures to</td></tr><tr><td colspan="2">express an opinion on whether the annual</td></tr><tr><td colspan="2">report of ALK-Abelló A/S for the financial</td></tr><tr><td colspan="2">year 1 January to 31 December 2020 with the filename ALK-2020-12-31.zip is prepared,</td></tr><tr><td colspan="2">in all material respects, in compliance with</td></tr><tr><td colspan="2">the Commission Delegated Regulation (EU)</td></tr><tr><td colspan="2">2019/815 on the European Single Electronic</td></tr><tr><td colspan="2">Format (ESEF Regulation) which includes</td></tr><tr><td colspan="2">requirements related to the preparation</td></tr><tr><td colspan="2">of the annual report in XHTML format and</td></tr><tr><td colspan="2">iXBRL tagging of the Consolidated Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">Management is responsible for preparing</td></tr><tr><td colspan="2">an annual report that complies with the ESEF</td></tr><tr><td colspan="2">Regulation. This responsibility includes</td></tr><tr><td>â¢</td><td>The preparing of the annual report in</td></tr><tr><td /><td>XHTML format;</td></tr><tr><td>â¢</td><td>The selection and application of</td></tr><tr><td /><td>appropriate iXBRL tags, including</td></tr><tr><td /><td>extensions to the ESEF taxonomy and</td></tr><tr><td /><td>the anchoring thereof to elements in the</td></tr><tr><td /><td>taxonomy, for all financial information</td></tr><tr><td /><td>required to be tagged using judgement</td></tr><tr><td /><td>where necessary;</td></tr><tr><td>â¢</td><td>Ensuring consistency between iXBRL</td></tr><tr><td /><td>tagged data and the Consolidated</td></tr><tr><td /><td>Financial Statements presented in human-</td></tr><tr><td /><td>readable format; and</td></tr><tr><td>â¢</td><td>For such internal control as Management</td></tr><tr><td /><td>determines necessary to enable the</td></tr><tr><td /><td>preparation of an annual report that is</td></tr><tr><td /><td>compliant with the ESEF Regulation.</td></tr><tr><td colspan="2">Our responsibility is to obtain reasonable</td></tr><tr><td colspan="2">assurance on whether the annual report</td></tr><tr><td colspan="2">is prepared, in all material respects, in</td></tr><tr><td colspan="2">compliance with the ESEF Regulation based</td></tr><tr><td colspan="2">on the evidence we have obtained, and to</td></tr><tr><td colspan="2">issue a report that includes our opinion.</td></tr><tr><td colspan="2">The nature, timing and extent of procedures</td></tr><tr><td colspan="2">selected depend on the auditorâs judgement,</td></tr><tr><td colspan="2">including the assessment of the risks of</td></tr><tr><td colspan="2">material departures from the requirements</td></tr><tr><td colspan="2">set out in the ESEF Regulation, whether due to</td></tr><tr><td colspan="2">fraud or error. The procedures include</td></tr><tr><td>â¢</td><td>Testing whether the annual report is</td></tr><tr><td /><td>prepared in XHTML format;</td></tr><tr><td>â¢</td><td>Obtaining an understanding of the</td></tr><tr><td /><td>companyâs iXBRL tagging process and of</td></tr><tr><td /><td>internal control over the tagging process;</td></tr><tr><td>â¢</td><td>Evaluating the completeness of the iXBRL</td></tr><tr><td /><td>tagging of the Consolidated Financial</td></tr><tr><td /><td>Statements;</td></tr><tr><td>â¢</td><td>Evaluating the appropriateness of the</td></tr><tr><td /><td>companyâs use of iXBRL elements selected</td></tr><tr><td /><td>from the ESEF taxonomy and the creation</td></tr><tr><td /><td>of extension elements where no suitable</td></tr><tr><td /><td>element in the ESEF taxonomy has been</td></tr><tr><td /><td>identified;</td></tr><tr><td>â¢</td><td>Evaluating the use of anchoring of</td></tr><tr><td /><td>extension elements to elements in the</td></tr><tr><td /><td>ESEF taxonomy; and</td></tr><tr><td>â¢</td><td>Reconciling the iXBRL tagged data with</td></tr><tr><td /><td>the audited Consolidated Financial</td></tr><tr><td /><td>Statements.</td></tr><tr><td colspan="2">In our opinion, the annual report of ALK-</td></tr><tr><td colspan="2">Abelló A/S for the financial year 1 January to</td></tr><tr><td colspan="2">31 December 2020 with the file name ALK-</td></tr><tr><td colspan="2">2020-12-31.zip is prepared, in all material</td></tr><tr><td colspan="2">respects, in compliance with the ESEF</td></tr><tr><td colspan="2">Regulation.</td></tr><tr><td colspan="2">Hellerup, 10 February 2021</td></tr></table></arr:AuditorsReportOnXbrlTagging>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Report on compliance with</td></tr><tr><td colspan="2">the ESEF Regulation</td></tr><tr><td colspan="2">As part of our audit of the Financial</td></tr><tr><td colspan="2">Statements we performed procedures to</td></tr><tr><td colspan="2">express an opinion on whether the annual</td></tr><tr><td colspan="2">report of ALK-Abelló A/S for the financial</td></tr><tr><td colspan="2">year 1 January to 31 December 2020 with the filename ALK-2020-12-31.zip is prepared,</td></tr><tr><td colspan="2">in all material respects, in compliance with</td></tr><tr><td colspan="2">the Commission Delegated Regulation (EU)</td></tr><tr><td colspan="2">2019/815 on the European Single Electronic</td></tr><tr><td colspan="2">Format (ESEF Regulation) which includes</td></tr><tr><td colspan="2">requirements related to the preparation</td></tr><tr><td colspan="2">of the annual report in XHTML format and</td></tr><tr><td colspan="2">iXBRL tagging of the Consolidated Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">Management is responsible for preparing</td></tr><tr><td colspan="2">an annual report that complies with the ESEF</td></tr><tr><td colspan="2">Regulation. This responsibility includes</td></tr><tr><td>â¢</td><td>The preparing of the annual report in</td></tr><tr><td /><td>XHTML format;</td></tr><tr><td>â¢</td><td>The selection and application of</td></tr><tr><td /><td>appropriate iXBRL tags, including</td></tr><tr><td /><td>extensions to the ESEF taxonomy and</td></tr><tr><td /><td>the anchoring thereof to elements in the</td></tr><tr><td /><td>taxonomy, for all financial information</td></tr><tr><td /><td>required to be tagged using judgement</td></tr><tr><td /><td>where necessary;</td></tr><tr><td>â¢</td><td>Ensuring consistency between iXBRL</td></tr><tr><td /><td>tagged data and the Consolidated</td></tr><tr><td /><td>Financial Statements presented in human-</td></tr><tr><td /><td>readable format; and</td></tr><tr><td>â¢</td><td>For such internal control as Management</td></tr><tr><td /><td>determines necessary to enable the</td></tr><tr><td /><td>preparation of an annual report that is</td></tr><tr><td /><td>compliant with the ESEF Regulation.</td></tr><tr><td colspan="2">Our responsibility is to obtain reasonable</td></tr><tr><td colspan="2">assurance on whether the annual report</td></tr><tr><td colspan="2">is prepared, in all material respects, in</td></tr><tr><td colspan="2">compliance with the ESEF Regulation based</td></tr><tr><td colspan="2">on the evidence we have obtained, and to</td></tr><tr><td colspan="2">issue a report that includes our opinion.</td></tr><tr><td colspan="2">The nature, timing and extent of procedures</td></tr><tr><td colspan="2">selected depend on the auditorâs judgement,</td></tr><tr><td colspan="2">including the assessment of the risks of</td></tr><tr><td colspan="2">material departures from the requirements</td></tr><tr><td colspan="2">set out in the ESEF Regulation, whether due to</td></tr><tr><td colspan="2">fraud or error. The procedures include</td></tr><tr><td>â¢</td><td>Testing whether the annual report is</td></tr><tr><td /><td>prepared in XHTML format;</td></tr><tr><td>â¢</td><td>Obtaining an understanding of the</td></tr><tr><td /><td>companyâs iXBRL tagging process and of</td></tr><tr><td /><td>internal control over the tagging process;</td></tr><tr><td>â¢</td><td>Evaluating the completeness of the iXBRL</td></tr><tr><td /><td>tagging of the Consolidated Financial</td></tr><tr><td /><td>Statements;</td></tr><tr><td>â¢</td><td>Evaluating the appropriateness of the</td></tr><tr><td /><td>companyâs use of iXBRL elements selected</td></tr><tr><td /><td>from the ESEF taxonomy and the creation</td></tr><tr><td /><td>of extension elements where no suitable</td></tr><tr><td /><td>element in the ESEF taxonomy has been</td></tr><tr><td /><td>identified;</td></tr><tr><td>â¢</td><td>Evaluating the use of anchoring of</td></tr><tr><td /><td>extension elements to elements in the</td></tr><tr><td /><td>ESEF taxonomy; and</td></tr><tr><td>â¢</td><td>Reconciling the iXBRL tagged data with</td></tr><tr><td /><td>the audited Consolidated Financial</td></tr><tr><td /><td>Statements.</td></tr><tr><td colspan="2">In our opinion, the annual report of ALK-</td></tr><tr><td colspan="2">Abelló A/S for the financial year 1 January to</td></tr><tr><td colspan="2">31 December 2020 with the file name ALK-</td></tr><tr><td colspan="2">2020-12-31.zip is prepared, in all material</td></tr><tr><td colspan="2">respects, in compliance with the ESEF</td></tr><tr><td colspan="2">Regulation.</td></tr><tr><td colspan="2">Hellerup, 10 February 2021</td></tr></table></arr:AuditorsReportOnXbrlTagging>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Report on compliance with</td></tr><tr><td colspan="2">the ESEF Regulation</td></tr><tr><td colspan="2">As part of our audit of the Financial</td></tr><tr><td colspan="2">Statements we performed procedures to</td></tr><tr><td colspan="2">express an opinion on whether the annual</td></tr><tr><td colspan="2">report of ALK-Abelló A/S for the financial</td></tr><tr><td colspan="2">year 1 January to 31 December 2020 with the filename ALK-2020-12-31.zip is prepared,</td></tr><tr><td colspan="2">in all material respects, in compliance with</td></tr><tr><td colspan="2">the Commission Delegated Regulation (EU)</td></tr><tr><td colspan="2">2019/815 on the European Single Electronic</td></tr><tr><td colspan="2">Format (ESEF Regulation) which includes</td></tr><tr><td colspan="2">requirements related to the preparation</td></tr><tr><td colspan="2">of the annual report in XHTML format and</td></tr><tr><td colspan="2">iXBRL tagging of the Consolidated Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">Management is responsible for preparing</td></tr><tr><td colspan="2">an annual report that complies with the ESEF</td></tr><tr><td colspan="2">Regulation. This responsibility includes</td></tr><tr><td>â¢</td><td>The preparing of the annual report in</td></tr><tr><td /><td>XHTML format;</td></tr><tr><td>â¢</td><td>The selection and application of</td></tr><tr><td /><td>appropriate iXBRL tags, including</td></tr><tr><td /><td>extensions to the ESEF taxonomy and</td></tr><tr><td /><td>the anchoring thereof to elements in the</td></tr><tr><td /><td>taxonomy, for all financial information</td></tr><tr><td /><td>required to be tagged using judgement</td></tr><tr><td /><td>where necessary;</td></tr><tr><td>â¢</td><td>Ensuring consistency between iXBRL</td></tr><tr><td /><td>tagged data and the Consolidated</td></tr><tr><td /><td>Financial Statements presented in human-</td></tr><tr><td /><td>readable format; and</td></tr><tr><td>â¢</td><td>For such internal control as Management</td></tr><tr><td /><td>determines necessary to enable the</td></tr><tr><td /><td>preparation of an annual report that is</td></tr><tr><td /><td>compliant with the ESEF Regulation.</td></tr><tr><td colspan="2">Our responsibility is to obtain reasonable</td></tr><tr><td colspan="2">assurance on whether the annual report</td></tr><tr><td colspan="2">is prepared, in all material respects, in</td></tr><tr><td colspan="2">compliance with the ESEF Regulation based</td></tr><tr><td colspan="2">on the evidence we have obtained, and to</td></tr><tr><td colspan="2">issue a report that includes our opinion.</td></tr><tr><td colspan="2">The nature, timing and extent of procedures</td></tr><tr><td colspan="2">selected depend on the auditorâs judgement,</td></tr><tr><td colspan="2">including the assessment of the risks of</td></tr><tr><td colspan="2">material departures from the requirements</td></tr><tr><td colspan="2">set out in the ESEF Regulation, whether due to</td></tr><tr><td colspan="2">fraud or error. The procedures include</td></tr><tr><td>â¢</td><td>Testing whether the annual report is</td></tr><tr><td /><td>prepared in XHTML format;</td></tr><tr><td>â¢</td><td>Obtaining an understanding of the</td></tr><tr><td /><td>companyâs iXBRL tagging process and of</td></tr><tr><td /><td>internal control over the tagging process;</td></tr><tr><td>â¢</td><td>Evaluating the completeness of the iXBRL</td></tr><tr><td /><td>tagging of the Consolidated Financial</td></tr><tr><td /><td>Statements;</td></tr><tr><td>â¢</td><td>Evaluating the appropriateness of the</td></tr><tr><td /><td>companyâs use of iXBRL elements selected</td></tr><tr><td /><td>from the ESEF taxonomy and the creation</td></tr><tr><td /><td>of extension elements where no suitable</td></tr><tr><td /><td>element in the ESEF taxonomy has been</td></tr><tr><td /><td>identified;</td></tr><tr><td>â¢</td><td>Evaluating the use of anchoring of</td></tr><tr><td /><td>extension elements to elements in the</td></tr><tr><td /><td>ESEF taxonomy; and</td></tr><tr><td>â¢</td><td>Reconciling the iXBRL tagged data with</td></tr><tr><td /><td>the audited Consolidated Financial</td></tr><tr><td /><td>Statements.</td></tr><tr><td colspan="2">In our opinion, the annual report of ALK-</td></tr><tr><td colspan="2">Abelló A/S for the financial year 1 January to</td></tr><tr><td colspan="2">31 December 2020 with the file name ALK-</td></tr><tr><td colspan="2">2020-12-31.zip is prepared, in all material</td></tr><tr><td colspan="2">respects, in compliance with the ESEF</td></tr><tr><td colspan="2">Regulation.</td></tr><tr><td colspan="2">Hellerup, 10 February 2021</td></tr></table></arr:AuditorsReportOnXbrlTagging>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Report on compliance with</td></tr><tr><td colspan="2">the ESEF Regulation</td></tr><tr><td colspan="2">As part of our audit of the Financial</td></tr><tr><td colspan="2">Statements we performed procedures to</td></tr><tr><td colspan="2">express an opinion on whether the annual</td></tr><tr><td colspan="2">report of ALK-Abelló A/S for the financial</td></tr><tr><td colspan="2">year 1 January to 31 December 2020 with the filename ALK-2020-12-31.zip is prepared,</td></tr><tr><td colspan="2">in all material respects, in compliance with</td></tr><tr><td colspan="2">the Commission Delegated Regulation (EU)</td></tr><tr><td colspan="2">2019/815 on the European Single Electronic</td></tr><tr><td colspan="2">Format (ESEF Regulation) which includes</td></tr><tr><td colspan="2">requirements related to the preparation</td></tr><tr><td colspan="2">of the annual report in XHTML format and</td></tr><tr><td colspan="2">iXBRL tagging of the Consolidated Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">Management is responsible for preparing</td></tr><tr><td colspan="2">an annual report that complies with the ESEF</td></tr><tr><td colspan="2">Regulation. This responsibility includes</td></tr><tr><td>â¢</td><td>The preparing of the annual report in</td></tr><tr><td /><td>XHTML format;</td></tr><tr><td>â¢</td><td>The selection and application of</td></tr><tr><td /><td>appropriate iXBRL tags, including</td></tr><tr><td /><td>extensions to the ESEF taxonomy and</td></tr><tr><td /><td>the anchoring thereof to elements in the</td></tr><tr><td /><td>taxonomy, for all financial information</td></tr><tr><td /><td>required to be tagged using judgement</td></tr><tr><td /><td>where necessary;</td></tr><tr><td>â¢</td><td>Ensuring consistency between iXBRL</td></tr><tr><td /><td>tagged data and the Consolidated</td></tr><tr><td /><td>Financial Statements presented in human-</td></tr><tr><td /><td>readable format; and</td></tr><tr><td>â¢</td><td>For such internal control as Management</td></tr><tr><td /><td>determines necessary to enable the</td></tr><tr><td /><td>preparation of an annual report that is</td></tr><tr><td /><td>compliant with the ESEF Regulation.</td></tr><tr><td colspan="2">Our responsibility is to obtain reasonable</td></tr><tr><td colspan="2">assurance on whether the annual report</td></tr><tr><td colspan="2">is prepared, in all material respects, in</td></tr><tr><td colspan="2">compliance with the ESEF Regulation based</td></tr><tr><td colspan="2">on the evidence we have obtained, and to</td></tr><tr><td colspan="2">issue a report that includes our opinion.</td></tr><tr><td colspan="2">The nature, timing and extent of procedures</td></tr><tr><td colspan="2">selected depend on the auditorâs judgement,</td></tr><tr><td colspan="2">including the assessment of the risks of</td></tr><tr><td colspan="2">material departures from the requirements</td></tr><tr><td colspan="2">set out in the ESEF Regulation, whether due to</td></tr><tr><td colspan="2">fraud or error. The procedures include</td></tr><tr><td>â¢</td><td>Testing whether the annual report is</td></tr><tr><td /><td>prepared in XHTML format;</td></tr><tr><td>â¢</td><td>Obtaining an understanding of the</td></tr><tr><td /><td>companyâs iXBRL tagging process and of</td></tr><tr><td /><td>internal control over the tagging process;</td></tr><tr><td>â¢</td><td>Evaluating the completeness of the iXBRL</td></tr><tr><td /><td>tagging of the Consolidated Financial</td></tr><tr><td /><td>Statements;</td></tr><tr><td>â¢</td><td>Evaluating the appropriateness of the</td></tr><tr><td /><td>companyâs use of iXBRL elements selected</td></tr><tr><td /><td>from the ESEF taxonomy and the creation</td></tr><tr><td /><td>of extension elements where no suitable</td></tr><tr><td /><td>element in the ESEF taxonomy has been</td></tr><tr><td /><td>identified;</td></tr><tr><td>â¢</td><td>Evaluating the use of anchoring of</td></tr><tr><td /><td>extension elements to elements in the</td></tr><tr><td /><td>ESEF taxonomy; and</td></tr><tr><td>â¢</td><td>Reconciling the iXBRL tagged data with</td></tr><tr><td /><td>the audited Consolidated Financial</td></tr><tr><td /><td>Statements.</td></tr><tr><td colspan="2">In our opinion, the annual report of ALK-</td></tr><tr><td colspan="2">Abelló A/S for the financial year 1 January to</td></tr><tr><td colspan="2">31 December 2020 with the file name ALK-</td></tr><tr><td colspan="2">2020-12-31.zip is prepared, in all material</td></tr><tr><td colspan="2">respects, in compliance with the ESEF</td></tr><tr><td colspan="2">Regulation.</td></tr><tr><td colspan="2">Hellerup, 10 February 2021</td></tr></table></arr:AuditorsReportOnXbrlTagging>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Report on compliance with</td></tr><tr><td colspan="2">the ESEF Regulation</td></tr><tr><td colspan="2">As part of our audit of the Financial</td></tr><tr><td colspan="2">Statements we performed procedures to</td></tr><tr><td colspan="2">express an opinion on whether the annual</td></tr><tr><td colspan="2">report of ALK-Abelló A/S for the financial</td></tr><tr><td colspan="2">year 1 January to 31 December 2020 with the filename ALK-2020-12-31.zip is prepared,</td></tr><tr><td colspan="2">in all material respects, in compliance with</td></tr><tr><td colspan="2">the Commission Delegated Regulation (EU)</td></tr><tr><td colspan="2">2019/815 on the European Single Electronic</td></tr><tr><td colspan="2">Format (ESEF Regulation) which includes</td></tr><tr><td colspan="2">requirements related to the preparation</td></tr><tr><td colspan="2">of the annual report in XHTML format and</td></tr><tr><td colspan="2">iXBRL tagging of the Consolidated Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">Management is responsible for preparing</td></tr><tr><td colspan="2">an annual report that complies with the ESEF</td></tr><tr><td colspan="2">Regulation. This responsibility includes</td></tr><tr><td>â¢</td><td>The preparing of the annual report in</td></tr><tr><td /><td>XHTML format;</td></tr><tr><td>â¢</td><td>The selection and application of</td></tr><tr><td /><td>appropriate iXBRL tags, including</td></tr><tr><td /><td>extensions to the ESEF taxonomy and</td></tr><tr><td /><td>the anchoring thereof to elements in the</td></tr><tr><td /><td>taxonomy, for all financial information</td></tr><tr><td /><td>required to be tagged using judgement</td></tr><tr><td /><td>where necessary;</td></tr><tr><td>â¢</td><td>Ensuring consistency between iXBRL</td></tr><tr><td /><td>tagged data and the Consolidated</td></tr><tr><td /><td>Financial Statements presented in human-</td></tr><tr><td /><td>readable format; and</td></tr><tr><td>â¢</td><td>For such internal control as Management</td></tr><tr><td /><td>determines necessary to enable the</td></tr><tr><td /><td>preparation of an annual report that is</td></tr><tr><td /><td>compliant with the ESEF Regulation.</td></tr><tr><td colspan="2">Our responsibility is to obtain reasonable</td></tr><tr><td colspan="2">assurance on whether the annual report</td></tr><tr><td colspan="2">is prepared, in all material respects, in</td></tr><tr><td colspan="2">compliance with the ESEF Regulation based</td></tr><tr><td colspan="2">on the evidence we have obtained, and to</td></tr><tr><td colspan="2">issue a report that includes our opinion.</td></tr><tr><td colspan="2">The nature, timing and extent of procedures</td></tr><tr><td colspan="2">selected depend on the auditorâs judgement,</td></tr><tr><td colspan="2">including the assessment of the risks of</td></tr><tr><td colspan="2">material departures from the requirements</td></tr><tr><td colspan="2">set out in the ESEF Regulation, whether due to</td></tr><tr><td colspan="2">fraud or error. The procedures include</td></tr><tr><td>â¢</td><td>Testing whether the annual report is</td></tr><tr><td /><td>prepared in XHTML format;</td></tr><tr><td>â¢</td><td>Obtaining an understanding of the</td></tr><tr><td /><td>companyâs iXBRL tagging process and of</td></tr><tr><td /><td>internal control over the tagging process;</td></tr><tr><td>â¢</td><td>Evaluating the completeness of the iXBRL</td></tr><tr><td /><td>tagging of the Consolidated Financial</td></tr><tr><td /><td>Statements;</td></tr><tr><td>â¢</td><td>Evaluating the appropriateness of the</td></tr><tr><td /><td>companyâs use of iXBRL elements selected</td></tr><tr><td /><td>from the ESEF taxonomy and the creation</td></tr><tr><td /><td>of extension elements where no suitable</td></tr><tr><td /><td>element in the ESEF taxonomy has been</td></tr><tr><td /><td>identified;</td></tr><tr><td>â¢</td><td>Evaluating the use of anchoring of</td></tr><tr><td /><td>extension elements to elements in the</td></tr><tr><td /><td>ESEF taxonomy; and</td></tr><tr><td>â¢</td><td>Reconciling the iXBRL tagged data with</td></tr><tr><td /><td>the audited Consolidated Financial</td></tr><tr><td /><td>Statements.</td></tr><tr><td colspan="2">In our opinion, the annual report of ALK-</td></tr><tr><td colspan="2">Abelló A/S for the financial year 1 January to</td></tr><tr><td colspan="2">31 December 2020 with the file name ALK-</td></tr><tr><td colspan="2">2020-12-31.zip is prepared, in all material</td></tr><tr><td colspan="2">respects, in compliance with the ESEF</td></tr><tr><td colspan="2">Regulation.</td></tr><tr><td colspan="2">Hellerup, 10 February 2021</td></tr></table></arr:AuditorsReportOnXbrlTagging>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx2" xml:lang="da"><table width="100%"><tr><td colspan="2">Report on compliance with</td></tr><tr><td colspan="2">the ESEF Regulation</td></tr><tr><td colspan="2">As part of our audit of the Financial</td></tr><tr><td colspan="2">Statements we performed procedures to</td></tr><tr><td colspan="2">express an opinion on whether the annual</td></tr><tr><td colspan="2">report of ALK-Abelló A/S for the financial</td></tr><tr><td colspan="2">year 1 January to 31 December 2020 with the filename ALK-2020-12-31.zip is prepared,</td></tr><tr><td colspan="2">in all material respects, in compliance with</td></tr><tr><td colspan="2">the Commission Delegated Regulation (EU)</td></tr><tr><td colspan="2">2019/815 on the European Single Electronic</td></tr><tr><td colspan="2">Format (ESEF Regulation) which includes</td></tr><tr><td colspan="2">requirements related to the preparation</td></tr><tr><td colspan="2">of the annual report in XHTML format and</td></tr><tr><td colspan="2">iXBRL tagging of the Consolidated Financial</td></tr><tr><td colspan="2">Statements.</td></tr><tr><td colspan="2">Management is responsible for preparing</td></tr><tr><td colspan="2">an annual report that complies with the ESEF</td></tr><tr><td colspan="2">Regulation. This responsibility includes</td></tr><tr><td>â¢</td><td>The preparing of the annual report in</td></tr><tr><td /><td>XHTML format;</td></tr><tr><td>â¢</td><td>The selection and application of</td></tr><tr><td /><td>appropriate iXBRL tags, including</td></tr><tr><td /><td>extensions to the ESEF taxonomy and</td></tr><tr><td /><td>the anchoring thereof to elements in the</td></tr><tr><td /><td>taxonomy, for all financial information</td></tr><tr><td /><td>required to be tagged using judgement</td></tr><tr><td /><td>where necessary;</td></tr><tr><td>â¢</td><td>Ensuring consistency between iXBRL</td></tr><tr><td /><td>tagged data and the Consolidated</td></tr><tr><td /><td>Financial Statements presented in human-</td></tr><tr><td /><td>readable format; and</td></tr><tr><td>â¢</td><td>For such internal control as Management</td></tr><tr><td /><td>determines necessary to enable the</td></tr><tr><td /><td>preparation of an annual report that is</td></tr><tr><td /><td>compliant with the ESEF Regulation.</td></tr><tr><td colspan="2">Our responsibility is to obtain reasonable</td></tr><tr><td colspan="2">assurance on whether the annual report</td></tr><tr><td colspan="2">is prepared, in all material respects, in</td></tr><tr><td colspan="2">compliance with the ESEF Regulation based</td></tr><tr><td colspan="2">on the evidence we have obtained, and to</td></tr><tr><td colspan="2">issue a report that includes our opinion.</td></tr><tr><td colspan="2">The nature, timing and extent of procedures</td></tr><tr><td colspan="2">selected depend on the auditorâs judgement,</td></tr><tr><td colspan="2">including the assessment of the risks of</td></tr><tr><td colspan="2">material departures from the requirements</td></tr><tr><td colspan="2">set out in the ESEF Regulation, whether due to</td></tr><tr><td colspan="2">fraud or error. The procedures include</td></tr><tr><td>â¢</td><td>Testing whether the annual report is</td></tr><tr><td /><td>prepared in XHTML format;</td></tr><tr><td>â¢</td><td>Obtaining an understanding of the</td></tr><tr><td /><td>companyâs iXBRL tagging process and of</td></tr><tr><td /><td>internal control over the tagging process;</td></tr><tr><td>â¢</td><td>Evaluating the completeness of the iXBRL</td></tr><tr><td /><td>tagging of the Consolidated Financial</td></tr><tr><td /><td>Statements;</td></tr><tr><td>â¢</td><td>Evaluating the appropriateness of the</td></tr><tr><td /><td>companyâs use of iXBRL elements selected</td></tr><tr><td /><td>from the ESEF taxonomy and the creation</td></tr><tr><td /><td>of extension elements where no suitable</td></tr><tr><td /><td>element in the ESEF taxonomy has been</td></tr><tr><td /><td>identified;</td></tr><tr><td>â¢</td><td>Evaluating the use of anchoring of</td></tr><tr><td /><td>extension elements to elements in the</td></tr><tr><td /><td>ESEF taxonomy; and</td></tr><tr><td>â¢</td><td>Reconciling the iXBRL tagged data with</td></tr><tr><td /><td>the audited Consolidated Financial</td></tr><tr><td /><td>Statements.</td></tr><tr><td colspan="2">In our opinion, the annual report of ALK-</td></tr><tr><td colspan="2">Abelló A/S for the financial year 1 January to</td></tr><tr><td colspan="2">31 December 2020 with the file name ALK-</td></tr><tr><td colspan="2">2020-12-31.zip is prepared, in all material</td></tr><tr><td colspan="2">respects, in compliance with the ESEF</td></tr><tr><td colspan="2">Regulation.</td></tr><tr><td colspan="2">Hellerup, 10 February 2021</td></tr></table></arr:AuditorsReportOnXbrlTagging>
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<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx25" xml:lang="da">Henrik Jacobi</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
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<mrv:StatementOfCorporateSocialResponsibility contextRef="ctx2" id="fact1140" xml:lang="da">SustainabilityIn 2020, ALK instigated a stepchange in its commitment tosustainability with a continuingfocus on ensuring good healthand well-being for all, the detailsof which were formalised in astrategy titled âAccess to AllergyCare for Allâ.ALKâs sustainability activities aim to mitigaterisks and adverse impacts related to itsbusiness activities while also contributingto solving societal and environmentalchallenges where possible.To support its sustainability strategy further,ALK conducted a materiality assessmentin 2020 to identify those aspects withthe highest impact on its business andstakeholders. The assessment was basedon a business analysis as well as input fromrelevant internal and external stakeholders,and it now forms the basis for target-settingand the prioritisation of resources.Access to medicinesThe materiality assessment identiï¬ed accessto medicines, and helping as many peoplewith allergy as possible, as key prioritiesfor ALKâs sustainability activities. Over theyears, ALKâs solutions have helped manypeople around the world. However, manymore still lack access to modern medical carefor their allergies and related asthma.ALK aims to improve this by partneringwith healthcare systems and professionalsaround the world, and through the widerdemocratisation and dissemination of itsallergy solutions. This ambition covers thefull range of ALKâs research, its diagnosis,treatment, disease modiï¬cation andprevention solutions, as well as its training,education and awareness-raising expertise.The ultimate goal is an introduction of allergysolutions earlier in the patient journey inorder to achieve better treatment outcomesfor ever more people, wherever they may be.At the same time, ALK remains committedto the UN Global Compact Principles andcontributes to addressing 11 of the UNSustainable Development Goals.Policies and guidelinesALK has various policies and guidelinesin place to ensure its everyday activitiessupport the commitments it has made.These include policies on sustainability,environment, health and safety (EHS), tax,diversity, investor relations, remuneration, aswell as anti-corruption and bribery policies.These policies guide ALKâs overall approachto integrating sustainability considerationsinto its overall business operations and, assuch, contribute to ongoing improvementsin the areas of environment and climate,labour rights, human rights and responsiblebusiness practices.In addition, ALKâs Code of Conduct outlinesthe companyâs expectations when it comes toprofessionalism, honesty and integrity. EveryALK manager is tasked with ensuring thateach employee is familiar with the code andits importance. Furthermore, all employeesare required to read and sign off on theircommitment to it every year, and to completean online training programme coveringvarious aspects of the code.ALKâs statutory annual report onsustainability and the gender diversityof management (as required by §99a,§99b and §107d of the Danish FinancialStatements Act) is available at www.alk.net/sustainability. This report also highlightsimportant actions taken in 2020 to supportthe UN Sustainable Development Goals.ESG key ï¬gures overviewUnit20202019201820172016Environmental dataCO2e scope 1Tonnes3,2323,1342,9894,4193,729CO2e scope 2Tonnes3,3806,4436,2395,2382,436Energy consumptionGJ163,580169,398*168,035169,275144,826Renewable energy share%3820131315Water consumptionm3110,530122,461117,252120,960102,418Social dataWorkforceHeadcount2,4862,4062,3692,2842,168Gender diversity, percentage of women%6362626263Gender diversity, percentage of womenat all management levels%4647464748Gender pay ratio of men to womenTimes1.141.131.121.161.23Employee turnover ratio, voluntary and involuntary%1011111211Absence due to sickness%3.12.7n/an/an/aGovernance dataGender diversity, women as apercentage of shareholder-elected Board%2017201717Board meeting attendance rate%9897989697CEO pay ratioTimes34293349n/a***A reporting discrepancy was found post-publication of the 2020 annual report. The ï¬gure is updated to 169,398 from 164,639 reported last year**In 2016, ALK did not have a CEO for the full yearEnvironmentCO2 Scope 1 + 2 emissions include all material types of fuels and refrigerants, including HFCs, gas oil, diesel, heating etc. Renewable energy is subtracted from reported totalCO2-emissions. Energy consumption in GJ is calculated as MWh*3.6. All environmental data is reported for production sites only (Hørsholm, Madrid, Vandeuil, Varennes, PortWashington, Post Falls and Oklahoma)SocialWorkforce is calculated as the headcount of permanent + temporary employees on 31 December 2020. All data is downloaded from ALK's internal HR system Workday. The genderpay ratio is calculated by comparing the median total compensation of men to women. The CEO is excluded. The turnover ratio is calculated by dividing the number of employeeswho left the company by the average number of employees in the reporting year. Absence is calculated as number of working days with absence due to sickness, divided by totalworking daysGovernanceThe CEO pay ratio is calculated as total compensation divided by median staff total compensation. The board meeting attendance rate is calculated as (number ofmeetings*number of members)-meetings not attended/(number of meetings*number of members)*100</mrv:StatementOfCorporateSocialResponsibility>
<mrv:CorporateGovernanceReport contextRef="ctx2" id="fact1348" xml:lang="da">Governance and ownershipCorporate governanceALKâs statutory corporate governancestatement for the ï¬nancial year 2020,pursuant to section 107b of the DanishFinancial Statement Act, is available athttps://ir.alk.net/ï¬nancial-reporting/risk-management.The statement provides a detailed account ofALKâs management structure, including theBoard of Directorsâ composition, activities,remuneration and self-assessment. Thestatement furthermore describes keyelements of ALKâs internal controls and riskmanagement systems relating to ï¬nancialreporting processes.As a listed company, ALK is subject to therecommendations of the Danish Committeeon Corporate Governance. ALK fulï¬ls thisobligation either by complying with itsrecommendations or by explaining thereason for non-compliance. ALK complieswith 45 of the 47 recommendations. Theexceptions in 2020 being that there was anoverweight of non-independent directorson the Board (three out of ï¬ve) and that themajority of members of the Audit Committeeand Remuneration Committee were non-independent.The Board has proposed establishing anadequate balance between independentand non-independent directors in 2021 bynominating two new, independent membersto the Board of Directors, thus increasing thenumber of shareholder-elected members toseven. If the nominations are approved at theannual general meeting on 18 March 2021,the majority of the shareholder-electedmembers will be independent.For the Audit and Remuneration Committees,ALK took an approach of selecting the bestpossible options in terms of experience andcapabilities.The full Board of Directorsâ âcomply orexplainâ review is available at https://ir.alk.net/corporate-governance.At the annual general meeting in March2020, Anders Hedegaard was elected as thenew Chairman of the Board of Directors andLene Skole was re-elected as Vice Chairman.Lars Holmqvist, Jakob Riis and VincentWarnery were all re-elected as members ofthe Board of Directors.As announced on 6 November 2020, theBoard of Directors will propose the election ofGitte Pugholm Aabo, CEO of GN Hearing A/Sand Bertil Lindmark, Chief Medical Ofï¬cer ofGalecto A/S as new, independent membersof the Board at the Companyâs annualgeneral meeting on 18 March 2021.Shareholder informationThe aim is that the share price should offera fair representation of ALK and reï¬ect thecompanyâs actual and expected ability tocreate shareholder value. ALK would furtherlike the share to be liquid and to have a soundfoundation, allowing for fair pricing andtrading in the share.OwnershipThe total share capital is divided into Ashares, AA shares and B shares (cf. coredata table on the previous page). The Ashares and AA shares are not listed andare predominantly held by the LundbeckFoundation, while all B shares are listed andfreely negotiable. At the end of 2020, ALKhad 17,697 registered shareholders, versus12,979 at the end of 2019. The registeredshareholders owned 98% of the sharecapital (98%). As at 31 December 2020, twoshareholders had notiï¬ed shareholdings of5% or more: the Lundbeck Foundation hada 40.3% interest (including A shares and AAshares) and ATP had a 7.5% interest. Of the30 largest registered shareholders, the vastmajority were institutional investors â fromNorth America, the UK and Scandinavia inparticular. In the shareholder register, theinternational ownership was estimated atapproximately 23% (23%), representing 36%of the free ï¬oat of the B share capital (36%),excluding the Lundbeck Foundationâs holdingand treasury shares.ALKâs holding of its own shares was reducedfollowing the settlement of share option andconditional share programmes. At the endof the year, ALK held 212,873 or 1.9% of itsown shares (2.2% at the end of 2019) whichis considered sufï¬cient to cover currentobligations related to ALKâs long-termincentive programmes.Return and liquidityALK aims to provide long-term shareholderreturn through an increased share price, thepaying-out of dividends, and the purchase ofits own shares. At the end of 2019, the shareprice was DKK 1,635 and the share closed2020 at DKK 2,500. The daily trading liquidityimproved further during 2020 and averagedDKK 31 million (20).Dividend and capital structureThe Board of Directors considers that ALKâsï¬nancial resources, including credit facilities,still constitute a sufï¬cient ï¬nancial basisfor implementing the next stage of ALKâsstrategy. In support of the strategy, the Boardof Directors is extending its recommendationthat dividend payments be temporarilysuspended until business proï¬tabilityimproves further. In line with this decision, atthe annual general meeting in March 2021,the Board of Directors will propose that nodividend be declared.The Board of Directors will revisit the dividendpolicy and ALKâs capital structure on anongoing basis during the next phase of thestrategy.Investor relationsBased on its investor relations (IR) policy(https://ir.alk.net/corporate-governance/ir-policy), ALK seeks to provide timely,accurate and relevant information onmatters of importance to the assessment ofthe share, including strategy, operations,performance, expectations, goals, pipeline,market development, and other matters. ALKcontinuously works to strengthen its dialoguewith all ï¬nancial stakeholders in accordancewith good IR practice and the provisions forcompanies listed on Nasdaq Copenhagen.Besides hosting regular telephoneconferences, ALK representatives held alarge number of individual meetings andbrieï¬ng calls with analysts and investors in2020 and also presented at various investorconferences.During the year, ALK published 13 companyannouncements (22), including reportson transactions by managerial staff. Allannouncements are available on ALKâswebsite together with reports, presentations,access to telephone conferences, shareprice information, estimates from analystsfollowing the share, and related information.Registered shareholders are encouraged tosign up at the InvestorPortal.</mrv:CorporateGovernanceReport>
<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx2" id="fact1504" xml:lang="da">Statement by Management on the annual reportThe Board of Directors and the Board of Managementhave today considered and adopted the annual reportof ALK-Abelló A/S for the ï¬nancial year 1 January to31 December 2020.The consolidated ï¬nancial statements have been preparedin accordance with International Financial ReportingStandards as adopted by the EU and further requirementsin the Danish Financial Statements Act. The parent companyï¬nancial statements have been prepared in accordance withthe Danish Financial Statements Act. Management's reviewhas been prepared in accordance with the Danish FinancialStatements Act.In our opinion, the consolidated ï¬nancial statements and theparent company ï¬nancial statements give a true and fair viewof the ï¬nancial position at 31 December 2020 of the groupand the parent company and of the results of the group andparent company operations and consolidated cash ï¬ows forthe ï¬nancial year 1 January to 31 December 2020.In our opinion, Management's review includes a true and fairaccount of the development in the operations and ï¬nancialcircumstances of the group and the parent company, of theresults for the year and of the ï¬nancial position of the groupand the parent company as well as a description of the mostsigniï¬cant risks and elements of uncertainty facing the groupand the parent company.In our opinion, the annual report of ALK-Abelló A/S for theï¬nancial year 1 January to 31 December 2020 identiï¬ed as"ALK-2020-12-31.zipâ is prepared, in all material respects, incompliance with the ESEF Regulation.We recommend that the annual report be adopted at theannual general meeting.</sob:StatementByExecutiveAndSupervisoryBoards>
<arr:IndependentAuditorsReportsAudit contextRef="ctx2" id="fact1536" xml:lang="da">Independent auditorâs reports</arr:IndependentAuditorsReportsAudit>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx2" id="fact1537" xml:lang="da">To the shareholders of ALK-Abelló A/S</arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:AuditorsReportOnFinancialStatements contextRef="ctx2" id="fact1538" xml:lang="da">Report on the audit ofthe Financial Statements</arr:AuditorsReportOnFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx2" id="fact1540" xml:lang="da">Our opinionIn our opinion, the Consolidated FinancialStatements give a true and fair view of theGroupâs ï¬nancial position at 31 December2020 and of the results of the Groupâsoperations and cash ï¬ows for the ï¬nancialyear 1 January to 31 December 2020 inaccordance with International FinancialReporting Standards as adopted by theEU and further requirements in the DanishFinancial Statements Act.Moreover, in our opinion, the ParentCompany Financial Statements give a trueand fair view of the Parent Companyâsï¬nancial position at 31 December 2020and of the results of the Parent Companyâsoperations for the ï¬nancial year 1 Januaryto 31 December 2020 in accordance with theDanish Financial Statements Act.Our opinion is consistent with our AuditorâsLong-form Report to the Audit Committee andthe Board of Directors.What we have auditedThe Consolidated Financial Statements andthe Parent Company Financial Statementsof ALK-Abelló A/S for the ï¬nancial year1 January to 31 December 2020 whichcomprise income statement, balance sheet,statement of changes in equity and notes,including summary of signiï¬cant accountingpolicies for the Group as well as for the ParentCompany and statement of comprehensiveincome and cash ï¬ow statement for theGroup.Collectively referred to as the âFinancialStatementsâ.</arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx2" id="fact1576" xml:lang="da">Basis for opinionWe conducted our audit in accordance withInternational Standards on Auditing (ISAs)and the additional requirements applicablein Denmark. Our responsibilities under thosestandards and requirements are furtherdescribed in the Auditorâs responsibilities forthe audit of the Financial Statements sectionof our report.We believe that the audit evidence we haveobtained is sufï¬cient and appropriate toprovide a basis for our opinion.IndependenceWe are independent of the Group inaccordance with the International EthicsStandards Board for Accountantsâ Code ofEthics for Professional Accountants (IESBACode) and the additional requirementsapplicable in Denmark. We have alsofulï¬lled our other ethical responsibilities inaccordance with the IESBA Code.To the best of our knowledge and belief,prohibited non-audit services referred to inArticle 5(1) of Regulation (EU) No 537/2014were not provided.AppointmentWe were appointed auditors of ALK-AbellóA/S for the ï¬rst time on 11 March 2020 for theï¬nancial year 2020.Key audit mattersKey audit matters are those matters that, inour professional judgement, were of mostsigniï¬cance in our audit of the FinancialStatements for 2020. These matters wereaddressed in the context of our audit of theFinancial Statements as a whole, and informing our opinion thereon, and we do notprovide a separate opinion on these matters.</arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx2" id="fact1614" xml:lang="da">Statement on Managementâs ReviewManagement is responsible forManagementâs Review, pages 1-46, andpage 97.Our opinion on the Financial Statements doesnot cover Managementâs Review, and we donot express any form of assurance conclusionthereon.In connection with our audit of the FinancialStatements, our responsibility is to readManagementâs Review and, in doing so,consider whether Managementâs Reviewis materially inconsistent with the FinancialStatements or our knowledge obtained in theaudit, or otherwise appears to be materiallymisstated.Moreover, we considered whetherManagementâs Review includes thedisclosures required by the Danish FinancialStatements Act.Based on the work we have performed,in our view, Managementâs Review is inaccordance with the Consolidated FinancialStatements and the Parent CompanyFinancial Statements and has been preparedin accordance with the requirements of theDanish Financial Statements Act. We didnot identify any material misstatement inManagementâs Review.</arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:KeyAuditMattersAudit contextRef="ctx2" id="fact1643" xml:lang="da">Key audit matterHow our audit addressed the key audit matterValuation of inventoriesInventories of the Group comprise raw materials, work in progressWe evaluated and discussed inventory accounting policy withand manufactured goods and goods for resale.Management.Inventories are measured at cost determined under the FIFO methodWe evaluated related application and monitoring controls.or net realisable value where this is lower.We selected a sample and tested the costing model for allocationThe valuation is based on a costing model, which includes a numberof indirect production costs and analysed the allocation of indirectof signiï¬cant accounting judgements and estimates related toproduction costs between the Groupâs products.allocation of indirect production costs, including capacity utilisation,and the model for eliminating unrealised internal proï¬t in theWe selected a sample and tested product cost prices, including testsConsolidated Financial Statements.of raw material prices and allocated indirect production costs.We focused on this area as the amounts involved are material andWe assessed and challenged Managementâs assumptions andas the valuation is associated with signiï¬cant accounting estimatesjudgements related to the allocation of indirect production costs,and judgements. This includes the complex models for indirectincluding capacity utilisation, and the assumptions used inproduction costs and eliminating unrealised internal proï¬ts andeliminating unrealised internal proï¬t.the assumptions used for measuring indirect production costs andunrealised internal proï¬ts.Furthermore, we tested the Groupâs model for eliminating unrealisedinternal proï¬t in the Consolidated Financial Statements.We refer to notes 2 and 15 in the Consolidated Financial Statements.We assessed the appropriateness of the related disclosure providedin the Consolidated Financial Statements.Valuation of deferred tax assetsA signiï¬cant part of the recognised deferred tax assets relates to taxWe assessed the method applied by Management for calculating thelosses carried forward in Denmark.deferred tax assets and assessing its valuation.Utilisation of the recognised deferred tax assets is depending onWe tested the calculation of the deferred tax assets prepared bythe expected future taxable income within the Danish joint taxationManagement and involved our internal tax specialist in assessinggroup with the Lundbeck Foundation and its other subsidiaries.the tax calculation to ensure compliance with relevant tax legislation.We focused on this area as the amounts involved are material andWe evaluated and challenged the documentation preparedas the valuation of deferred tax assets is associated with signiï¬cantby Management regarding the deferred tax asset, includingaccounting estimates and judgements. This includes the estimationManagementâs best estimate of the probability of realising theuncertainty regarding assessing the future taxable proï¬ts in ALK-future taxable proï¬ts in Denmark and within the joint Danish taxationAbelló A/S and within the Danish joint taxation group.group, including sensitivity and risk analysis.We refer to notes 2, 9 and 14 in the Consolidated FinancialWe assessed the appropriateness of the related disclosure providedStatements.in the Consolidated Financial Statements.</arr:KeyAuditMattersAudit>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx2" id="fact1703" xml:lang="da">Managementâs responsibilities forthe Financial StatementsManagement is responsible for thepreparation of consolidated ï¬nancialstatements that give a true and fair viewin accordance with International FinancialReporting Standards as adopted by theEU and further requirements in the DanishFinancial Statements Act and for thepreparation of parent company ï¬nancialstatements that give a true and fair viewin accordance with the Danish FinancialStatements Act, and for such internal controlas Management determines is necessaryto enable the preparation of ï¬nancialstatements that are free from materialmisstatement, whether due to fraud or error.In preparing the Financial Statements,Management is responsible for assessingthe Groupâs and the Parent Companyâs abilityto continue as a going concern, disclosing,as applicable, matters related to goingconcern and using the going concern basisof accounting unless Management eitherintends to liquidate the Group or the ParentCompany or to cease operations, or has norealistic alternative but to do so.</arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx2" id="fact1730" xml:lang="da">Auditorâs responsibilities for the audit ofthe Financial StatementsOur objectives are to obtain reasonableassurance about whether the FinancialStatements as a whole are free from materialmisstatement, whether due to fraud or error,and to issue an auditorâs report that includesour opinion. Reasonable assurance is a highlevel of assurance, but is not a guaranteethat an audit conducted in accordancewith ISAs and the additional requirementsapplicable in Denmark will always detecta material misstatement when it exists.Misstatements can arise from fraud or errorand are considered material if, individually orin the aggregate, they could reasonably beexpected to inï¬uence the economic decisionsof users taken on the basis of these FinancialStatements.As part of an audit in accordance with ISAsand the additional requirements applicablein Denmark, we exercise professionaljudgement and maintain professionalscepticism throughout the audit. We also:â¢misstatement of the Financial Statements,whether due to fraud or error, design andperform audit procedures responsive tothose risks, and obtain audit evidencethat is sufï¬cient and appropriate toprovide a basis for our opinion. The riskof not detecting a material misstatementresulting from fraud is higher than for oneresulting from error, as fraud may involvecollusion, forgery, intentional omissions,misrepresentations, or the override ofinternal control.â¢control relevant to the audit in orderto design audit procedures that areappropriate in the circumstances, but notfor the purpose of expressing an opinionon the effectiveness of the Groupâs and theParent Companyâs internal control.â¢accounting policies used and thereasonableness of accounting estimatesand related disclosures made byManagement.â¢Managementâs use of the going concernbasis of accounting and based on theaudit evidence obtained, whether amaterial uncertainty exists relatedto events or conditions that may castsigniï¬cant doubt on the Groupâs and theParent Companyâs ability to continueas a going concern. If we concludethat a material uncertainty exists, weare required to draw attention in ourauditorâs report to the related disclosuresin the Financial Statements or, if suchdisclosures are inadequate, to modifyour opinion. Our conclusions are basedon the audit evidence obtained up to thedate of our auditorâs report. However,future events or conditions may cause theGroup or the Parent Company to cease tocontinue as a going concern.â¢structure and content of the FinancialStatements, including the disclosures,and whether the Financial Statementsrepresent the underlying transactionsand events in a manner that achieves fairpresentation.â¢evidence regarding the ï¬nancialinformation of the entities or businessactivities within the Group to express anopinion on the Consolidated FinancialStatements. We are responsible for thedirection, supervision and performanceof the group audit. We remain solelyresponsible for our audit opinion.We communicate with those chargedwith governance regarding, among othermatters, the planned scope and timing of theaudit and signiï¬cant audit ï¬ndings, includingany signiï¬cant deï¬ciencies in internal controlthat we identify during our audit.We also provide those charged withgovernance with a statement that wehave complied with relevant ethicalrequirements regarding independence, andto communicate with them all relationshipsand other matters that may reasonably bethought to bear on our independence, andwhere applicable, related safeguards.From the matters communicated with thosecharged with governance, we determinethose matters that were of most signiï¬cancein the audit of the Financial Statementsof the current period and are thereforethe key audit matters. We describe thesematters in our auditorâs report unless lawor regulation precludes public disclosureabout the matter or when, in extremely rarecircumstances, we determine that a mattershould not be communicated in our reportbecause the adverse consequences ofdoing so would reasonably be expected tooutweigh the public interest beneï¬ts of suchcommunication.</arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx2" id="fact1844" xml:lang="da">Report on compliance withthe ESEF RegulationAs part of our audit of the FinancialStatements we performed procedures toexpress an opinion on whether the annualreport of ALK-Abelló A/S for the ï¬nancialyear 1 January to 31 December 2020 with theï¬lename ALK-2020-12-31.zip is prepared,in all material respects, in compliance withthe Commission Delegated Regulation (EU)2019/815 on the European Single ElectronicFormat (ESEF Regulation) which includesrequirements related to the preparationof the annual report in XHTML format andiXBRL tagging of the Consolidated FinancialStatements.Management is responsible for preparingan annual report that complies with the ESEFRegulation. This responsibility includes:â¢XHTML format;â¢appropriate iXBRL tags, includingextensions to the ESEF taxonomy andthe anchoring thereof to elements in thetaxonomy, for all ï¬nancial informationrequired to be tagged using judgementwhere necessary;â¢tagged data and the ConsolidatedFinancial Statements presented in human-readable format; andâ¢determines necessary to enable thepreparation of an annual report that iscompliant with the ESEF Regulation.Our responsibility is to obtain reasonableassurance on whether the annual reportis prepared, in all material respects, incompliance with the ESEF Regulation basedon the evidence we have obtained, and toissue a report that includes our opinion.The nature, timing and extent of proceduresselected depend on the auditorâs judgement,including the assessment of the risks ofmaterial departures from the requirementsset out in the ESEF Regulation, whether due tofraud or error. The procedures include:â¢prepared in XHTML format;â¢companyâs iXBRL tagging process and ofinternal control over the tagging process;â¢tagging of the Consolidated FinancialStatements;â¢companyâs use of iXBRL elements selectedfrom the ESEF taxonomy and the creationof extension elements where no suitableelement in the ESEF taxonomy has beenidentiï¬ed;â¢extension elements to elements in theESEF taxonomy; andâ¢the audited Consolidated FinancialStatements.In our opinion, the annual report of ALK-Abelló A/S for the ï¬nancial year 1 January to31 December 2020 with the ï¬le name ALK-2020-12-31.zip is prepared, in all materialrespects, in compliance with the ESEFRegulation.Hellerup, 10 February 2021</arr:AuditorsReportOnXbrlTagging>
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