Assets
| Type | Time | Amount | Unit |
|---|
Revenue
| Type | Start date | End date | Amount | Unit |
|---|
XML
See the xml submitted here:
XML: INVALID
Separator
The full data:
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<gsd:AddressOfReportingEntityStreetBuildingIdentifier contextRef="ctx1" xml:lang="da">4</gsd:AddressOfReportingEntityStreetBuildingIdentifier>
<gsd:AddressOfReportingEntityPostCodeIdentifier contextRef="ctx1" xml:lang="da">8000</gsd:AddressOfReportingEntityPostCodeIdentifier>
<gsd:AddressOfReportingEntityDistrictName contextRef="ctx1" xml:lang="da">Aarhus C</gsd:AddressOfReportingEntityDistrictName>
<gsd:TelephoneNumberOfReportingEntity contextRef="ctx1" xml:lang="da">87306000</gsd:TelephoneNumberOfReportingEntity>
<gsd:FaxNumberOfReportingEntity contextRef="ctx1" xml:lang="da">87306012</gsd:FaxNumberOfReportingEntity>
<gsd:IdentificationNumberCvrOfReportingEntity contextRef="ctx1">45954919</gsd:IdentificationNumberCvrOfReportingEntity>
<gsd:NameOfSubmittingEnterprise contextRef="ctx1" xml:lang="da">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</gsd:NameOfSubmittingEnterprise>
<gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="ctx1">33771231</gsd:IdentificationNumberCvrOfSubmittingEnterprise>
<gsd:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="ctx1" xml:lang="da">Juan Luis Call Bendt</gsd:NameAndSurnameOfChairmanOfGeneralMeeting>
<gsd:DateOfGeneralMeeting contextRef="ctx1">2021-06-24</gsd:DateOfGeneralMeeting>
<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement by Management</td></tr></table></sob:StatementByExecutiveAndSupervisoryBoards>
<sob:IdentificationOfApprovedAnnualReport contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The board of directors and the managing director have today presented the annual report of AAK Denmark Holding A/S for the financial year 1 January to 31 December 2020.</td></tr></table></sob:IdentificationOfApprovedAnnualReport>
<sob:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The annual report has been presented in accordance with the Danish Financial Statements Act.</td></tr></table></sob:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement>
<sob:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We consider the accounting policies used appropriate, and in our opinion the annual accounts provide a true and fair view of the company's assets and liabilities and its financial position as on 31 December 2020 and of the company's results of Its activities in the financial year 1 January to 31 December 2020.</td></tr></table></sob:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults>
<sob:ManagementsStatementAboutManagementsReview contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">We are of the opinion that the management's review includes a fair description of the issues dealt with.</td></tr></table></sob:ManagementsStatementAboutManagementsReview>
<sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The annual report is recommended for approval by the general meeting.</td></tr></table></sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting>
<sob:PlaceOfSignatureOfStatement contextRef="ctx1" xml:lang="da">Aarhus</sob:PlaceOfSignatureOfStatement>
<sob:DateOfApprovalOfAnnualReport contextRef="ctx1">2021-06-18</sob:DateOfApprovalOfAnnualReport>
<arr:AuditorsReportOnAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The independent auditor's report on financial statements</td></tr></table></arr:AuditorsReportOnAuditedFinancialStatements>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the shareholders of AAK DENMARK HOLDING A/S</td></tr></table></arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Opinion</td></tr><tr><td colspan="1">In our opinion, the Financial Statements give a true and fair view of the financial position of the Company at 31 December 2020, and of the results of the Companyâs operations for the financial year 1 January â 31 December 2020 in accordance with the Danish Financial Statements Act.</td></tr><tr><td colspan="1">We have audited the Financial Statements of AAK Denmark Holding A/S for the financial year 1 January - 31 December 2020, which comprise income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies ("financial statements").</td></tr></table></arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis for Opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and the additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the Auditorâs Responsibilities for the Audit of the Financial Statements section of our report.</td></tr><tr><td colspan="1">We are independent of the Company in accordance with the International Ethics Standards Board for Accountantsâ Code of Ethics for Professional Accountants (IESBA Code) and the additional requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr></table></arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Responsibilities of management for the financial statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of Financial Statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.</td></tr><tr><td colspan="1">In preparing the financial statements, Management is responsible for assessing the Companyâs ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.</td></tr></table></arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Auditor's responsibility</td></tr><tr><td colspan="1">Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorâs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.</td></tr><tr><td colspan="1">As part of an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark, we exercise professional judgment and maintain professional skepticism throughout the audit. We also</td></tr><tr><td colspan="1">- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.</td></tr><tr><td colspan="1">- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companyâs internal control.</td></tr><tr><td colspan="1">- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by Management.</td></tr><tr><td colspan="1">- Conclude on the appropriateness of Managementâs use of the going concern basis of accounting in preparing the financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Companyâs ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorâs report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorâs report. However, future events or conditions may cause the Company to cease to continue as a going concern.</td></tr><tr><td colspan="1">- Evaluate the overall presentation, structure and contents of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that gives a true and fair view.</td></tr><tr><td colspan="1">We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Statement on the management's review</td></tr><tr><td colspan="1">Management is responsible for Managementâs Review.</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover Managementâs Review, and we do not express any form of assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the financial statements, our responsibility is to read Managementâs Review and, in doing so, consider whether Managementâs Review is materially inconsistent with the financial statements or our knowledge obtained during the audit, or otherwise appears to be materially misstated.</td></tr><tr><td colspan="1">Moreover, it is our responsibility to consider whether Managementâs Review provides the information required under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Based on the work we have performed, in our view, Managementâs Review is in accordance with the Financial Statements and has been prepared in accordance with the requirements of the Danish Financial Statements Act. We did not identify any material misstatement in Managementâs Review.</td></tr></table></arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:SignatureOfAuditorsPlace contextRef="ctx1" xml:lang="da">Aarhus</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx1">2021-06-18</arr:SignatureOfAuditorsDate>
<mrv:ManagementsReview contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Managementâs Review</td></tr><tr><td colspan="1">The main activity for AAK Denmark Holding A/S has in 2020 been to be a holding company for Danish and foreign companies. The main activity of these companies is to develop and produce vegetable oils of high quality, as ingredients for the food industry among others.</td></tr><tr><td colspan="1">The company result for 2020 is -15 mDKK which is lower than expected, due to the correction of dividend from 2019 at -15 mDKK. The equity as at end of 2020 is 1,346 mDKK.</td></tr><tr><td colspan="1">AAK Denmark Holding A/Sâs subsidiaries have managed to get through the first part of the pandemic - and the challenge that it has brought. Especially in 2nd quarter deliveries went down, but that have not been the picture for the whole year. The main focus has been on securing health and safety for employees and securing the operations and logistics, to keep on making deliveries necessary for our customers â primarily the food industry.</td></tr><tr><td colspan="1">The result for 2021 is expected to be significantly higher than the result from 2020. The result depends on decision made for dividend payment during the year. It is still too early to conclude, if there will be an impact and if so, the effect that Covid-19 will have on the future operation of the subsidiaries.</td></tr><tr><td colspan="1">However, there is a risk that Covid-19 and its effect on the world economy will get a negative impact on the revenue and profitability of the company's subsidiaries in 2021. It is still too early to conclude, if there will be an impact and if so, the effect that Covid-19 will have on the future operation of the subsidiaries</td></tr></table></mrv:ManagementsReview>
<mrv:StatementOfCorporateSocialResponsibility contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Reporting on corporate social responsibility</td></tr><tr><td colspan="1">AAK have released the AAK Sustainability report 2020 at www.aak.com. The report covers most of AAK Group, including AAK Denmark Holding A/S. We refer to the report by this link: https://www.aak.com/reports/sustainability_report_2020/</td></tr></table></mrv:StatementOfCorporateSocialResponsibility>
<mrv:LinkToStatementOfCorporateSocialResponsibility contextRef="ctx1">https://www.aak.com/reports/sustainability_report_2020/</mrv:LinkToStatementOfCorporateSocialResponsibility>
<mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Reporting on gender composition of management.</td></tr><tr><td colspan="1">The board of the company have an equal composition in relation to gender â two males and one female.</td></tr><tr><td colspan="1">The company do not have any employees, so it is not relevant to report on gender composition of other management.</td></tr><tr><td colspan="1">mDKK</td></tr></table></mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
<fsa:ResultsFromNetFinancials contextRef="ctx1" unitRef="vDKK" decimals="-5">100000</fsa:ResultsFromNetFinancials>
<fsa:ProfitLoss contextRef="ctx1" unitRef="vDKK" decimals="-3">-15272000</fsa:ProfitLoss>
<mrv:EquityRatio contextRef="ctx1" unitRef="pure" decimals="3">0.758</mrv:EquityRatio>
<mrv:ReturnOnEquity contextRef="ctx1" unitRef="pure" decimals="3">-0.011</mrv:ReturnOnEquity>
<fsa:InformationOnReportingClassOfEntity contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The annual report has been prepared in accordance with the regulation applying to Reporting class C, large-size enterprise.</td></tr></table></fsa:InformationOnReportingClassOfEntity>
<fsa:AccountingPoliciesAreUnchangedFromPreviousPeriod contextRef="ctx1">true</fsa:AccountingPoliciesAreUnchangedFromPreviousPeriod>
<fsa:DescriptionOfGeneralMattersRelatedToRecognitionMeasurementAndChangesInAccountingPolicies contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">The annual accounts are presented in Danish kroner (DKK).</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Recognition and measurement in general</td></tr><tr><td colspan="1">Assets are recognized in the balance sheet when the company is liable to achieve fixture, financial benefits and the value of the asset can be measured reliably.</td></tr><tr><td colspan="1">Liabilities are recognized in the balance sheet when the company is liable to lose future, financial benefits and the value of the liability can be measured reliably.</td></tr><tr><td colspan="1">At the first recognition, assets and liabilities are measured at cost. Later, assets and liabilities are measured as described below for each individual accounting item. At recognition and measurement, such predictable losses and risks are taken into consideration, which may appear before the annual report is presented, and which concerns matters existing on the balance sheet date.</td></tr><tr><td colspan="1">Income is recognized in the profit and loss account concurrently with its realization, including the recognition of value adjustments of financial assets and liabilities. Likewise, all costs, these including depreciation, amortization, write-down, provisions, and reversals which are due to changes in estimated amounts previously recognized in the profit and loss account are recognized in the profit and loss account.</td></tr></table></fsa:DescriptionOfGeneralMattersRelatedToRecognitionMeasurementAndChangesInAccountingPolicies>
<fsa:InformationOnOmissionOfConsolidatedFinancialStatement contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">No consolidated annual accounts have been prepared; cf. section 112(1) of the Danish Financial Statements Act. The annual accounts of AAK Denmark Holding A/S and its group enterprises are included in the consolidated annual accounts for AAK AB, Malmo, Sweden (reg.no. 556669-2850).</td></tr></table></fsa:InformationOnOmissionOfConsolidatedFinancialStatement>
<fsa:ExplanationOfNotDisclosingCashFlowsStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Pursuant to section 86(4) of the Danish Financial Statements Act, no cash flow statement for the enterprise has been prepared, as the relevant information is included in the consolidated annual accounts of AAK AB.</td></tr></table></fsa:ExplanationOfNotDisclosingCashFlowsStatements>
<fsa:DisclosureOfAccountingPolicies contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Pursuant to section 96(3) of the Danish Financial Statements Act, it has been decided not to disclosure of audit fee for the company. The relevant information is included in the consolidated annual accounts of AAK AB.</td></tr></table></fsa:DisclosureOfAccountingPolicies>
<fsa:DescriptionOfMethodsOfTranslationOfForeignCurrencies contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Translation of foreign currency</td></tr><tr><td colspan="1">Transactions in foreign currency are translated by using the exchange rate prevailing at the date of the transaction.</td></tr><tr><td colspan="1">Differences in the rate of exchange arising between the rate at the date of transaction and the rate at the date of payment are recognized in the profit and loss account as an item under net financials.</td></tr><tr><td colspan="1">Debtors, creditors, and other monetary items in foreign currency are translated by using the closing rate. The difference between the closing rate and the rate at the time of the occurrence or the recognition in the latest annual accounts of the amount owed or the liability is recognized in the profit and loss account under financial income and expenses.</td></tr></table></fsa:DescriptionOfMethodsOfTranslationOfForeignCurrencies>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAdministrativeExpenses contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Administration costs</td></tr><tr><td colspan="1">Administration costs comprise costs which have been incurred during the year for management and administration.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAdministrativeExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeAndExpensesFromInvestmentsInGroupEnterprisesAndAssociates contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Result from investments in group enterprises</td></tr><tr><td colspan="1">Dividends from group enterprises are recognized in the profit and loss account in the financial year where dividend have been declared. In the circumstances that the dividend exceeds the accumulated profit after acquisition, are dividends recognized as a reduction in acquisition cost.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeAndExpensesFromInvestmentsInGroupEnterprisesAndAssociates>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfFinanceIncomeAndExpenses contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Financial income and expenses</td></tr><tr><td colspan="1">Financial income and expenses include interest, gain and loss on financial assets. debt and transaction in foreign currency and amortizing of financial assets and liabilities.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfFinanceIncomeAndExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxExpenses contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Tax of the result of the year</td></tr><tr><td colspan="1">AAK Denmark Holding A/S is taxed jointly with other Danish AAK companies. The actual tax is split between companies relative to the companies taxable income.</td></tr><tr><td colspan="1">The tax for the year comprises the current tax for the year and the changes in deferred tax, and it is recognized in the profit and loss account with the share referring to the results for the year and directly in the equity with the share referring to entries directly on the equity.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisForInvestmentsInSubsidiariesAndAssociates contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Investment in group enterprises</td></tr><tr><td colspan="1">Investments in group enterprises are measured at cost. Write-down takes place to recoverable value, if this value is lower than book value. Book value are reduced with dividend that exceeds the accumulated profit after acquisition.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisForInvestmentsInSubsidiariesAndAssociates>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfLiabilitiesOtherThanProvisions contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Debtors</td></tr><tr><td colspan="1">Debtors are measured at amortized cost which usually corresponds to the nominal value. In order to meet expected losses, write-down takes place at the net realizable value.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Other liabilities</td></tr><tr><td colspan="1">Other liabilities are measured at amortized cost which usually correspond to the nominal value.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfLiabilitiesOtherThanProvisions>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEquity contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Equity</td></tr><tr><td colspan="1">Proposed dividend is recognized as a liability at the time of declaration. Proposed dividend is shown as a separate item under equity.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEquity>
<fsa:DescriptionOfMethodsOfCurrentTaxReceivablesAndLiabilities contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Corporate tax and deferred tax</td></tr><tr><td colspan="1">Current tax receivable and tax liabilities are recognized in the balance sheet at the amount calculated on the basis of the expected taxable income for the year adjusted for tax on previous years' taxable income and prepaid taxes.</td></tr></table></fsa:DescriptionOfMethodsOfCurrentTaxReceivablesAndLiabilities>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxPayablesAndDeferredTax contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Deferred tax is measured on the basis of all temporary differences in assets and liabilities with a balance sheet focus.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Deferred tax is measured based on the tax rules and tax rates applying under the legislation on the balance sheet date and prevailing when the deferred tax is expected to be released as current tax.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxPayablesAndDeferredTax>
<fsa:DescriptionOfMethodsOfStatingKeyFiguresAndFinancialRatiosIncludedInManagementReview contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Financial ratios</td></tr><tr><td colspan="1">The financial rations given in Key Figures and Financial Ratios are calculated this way</td></tr><tr><td colspan="1">- Equity ratio: Equity, end of year x 100 / Total liability assets, end of year</td></tr><tr><td colspan="1">- Return on equity: Profit x 100 / Average equity</td></tr></table></fsa:DescriptionOfMethodsOfStatingKeyFiguresAndFinancialRatiosIncludedInManagementReview>
<fsa:IncomeFromInvestmentsInGroupEnterprises contextRef="ctx1" unitRef="vDKK" decimals="-3">-15292000</fsa:IncomeFromInvestmentsInGroupEnterprises>
<fsa:AdministrativeExpenses contextRef="ctx1" unitRef="vDKK" decimals="-3">27000</fsa:AdministrativeExpenses>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">-15319000</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:OtherFinanceIncomeFromGroupEnterprises contextRef="ctx1" unitRef="vDKK" decimals="-3">99000</fsa:OtherFinanceIncomeFromGroupEnterprises>
<fsa:OtherFinanceIncome contextRef="ctx1" unitRef="vDKK" decimals="-3">15000</fsa:OtherFinanceIncome>
<fsa:FinanceExpensesArisingFromGroupEnterprises contextRef="ctx1" unitRef="vDKK" decimals="-3">1000</fsa:FinanceExpensesArisingFromGroupEnterprises>
<fsa:RestOfOtherFinanceExpenses contextRef="ctx1" unitRef="vDKK" decimals="-3">57000</fsa:RestOfOtherFinanceExpenses>
<fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="ctx1" unitRef="vDKK" decimals="-3">-15263000</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
<fsa:TaxExpense contextRef="ctx1" unitRef="vDKK" decimals="-3">9000</fsa:TaxExpense>
<fsa:StatementOfChangesInEquity contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="5" align="left" valign="middle" >Statement of change in equity 1 January - 31 December 2020</td></tr><tr><td colspan="5"></td></tr><tr><td width="17%" ></td><td width="19%" colspan="1" align="right" valign="middle" >Contributed capital</td><td width="20%" colspan="1" align="right" valign="middle" >Retained earnings</td><td width="19%" colspan="1" align="right" valign="middle" >Proposed dividens</td><td width="25%" colspan="1" align="right" valign="middle" >Total</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >kDKK</td></tr><tr><td width="17%" colspan="1" align="left" valign="middle" >Equity, beginning balance</td><td width="19%" align="right" valign="middle" >400.000</td><td width="20%" align="right" valign="middle" >961.392</td><td width="19%" align="right" valign="middle" >0</td><td width="25%" align="right" valign="middle" >1.361.392</td></tr><tr><td width="17%" colspan="1" align="left" valign="middle" >Profit (loss)</td><td width="19%" align="right" valign="middle" >0</td><td width="20%" align="right" valign="middle" >-775.272</td><td width="19%" align="right" valign="middle" >760.000</td><td width="25%" align="right" valign="middle" >-15.272</td></tr><tr><td width="17%" colspan="1" align="left" valign="middle" >Equity, ending balance</td><td width="19%" align="right" valign="middle" >400.000</td><td width="20%" align="right" valign="middle" >186.120</td><td width="19%" align="right" valign="middle" >760.000</td><td width="25%" align="right" valign="middle" >1.346.120</td></tr></table></fsa:StatementOfChangesInEquity>
<fsa:DisclosureOfIncomeIncludingDividendIncomeFromInvestmentsInGroupEnterprisesAndAssociates contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" ></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Investment in group enterprises</td></tr><tr><td width="22%" ></td><td width="26%" colspan="1" align="right" valign="middle" >mDKK</td><td width="28%" colspan="1" align="right" valign="middle" ></td><td width="24%" colspan="1" align="right" valign="middle" ></td></tr><tr><td colspan="4"></td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Aquisition 1 January 2020</td><td width="26%" align="right" valign="middle" >1014</td><td width="28%" ></td><td width="24%" ></td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Additions</td><td width="26%" align="right" valign="middle" >0</td><td width="28%" ></td><td width="24%" ></td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Disposals</td><td width="26%" align="right" valign="middle" >0</td><td width="28%" ></td><td width="24%" ></td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Aquisition 31 December 2020</td><td width="26%" align="right" valign="middle" >1014</td><td width="28%" ></td><td width="24%" ></td></tr><tr><td colspan="4"></td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Revaluations, 1 January 2020</td><td width="26%" align="right" valign="middle" >-27</td><td width="28%" ></td><td width="24%" ></td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Revaluation of the year</td><td width="26%" align="right" valign="middle" >0</td><td width="28%" ></td><td width="24%" ></td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Revaluation on disposals</td><td width="26%" align="right" valign="middle" >0</td><td width="28%" ></td><td width="24%" ></td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Revaluations, 31 December 2020</td><td width="26%" align="right" valign="middle" >-27</td><td width="28%" ></td><td width="24%" ></td></tr><tr><td colspan="4"></td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Book value, 31 December 2020</td><td width="26%" align="right" valign="middle" >987</td><td width="28%" ></td><td width="24%" ></td></tr><tr><td colspan="4"></td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Investment in group entreprises includes</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Name and domicile</td><td width="26%" colspan="1" align="right" valign="middle" >Share of ownership</td><td width="28%" colspan="1" align="right" valign="middle" >Equity 31 December 2020</td><td width="24%" colspan="1" align="right" valign="middle" >Result 2020</td></tr><tr><td width="22%" ></td><td width="26%" colspan="1" align="right" valign="middle" >%</td><td width="28%" colspan="1" align="right" valign="middle" >mDKK</td><td width="24%" colspan="1" align="right" valign="middle" >mDKK</td></tr><tr><td colspan="4"></td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >AAK Mexico S.A, de C.V. Morelia, Mexico</td><td width="26%" align="right" valign="middle" >94</td><td width="28%" align="right" valign="middle" >474,7</td><td width="24%" align="right" valign="middle" >93,5</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >AAK UK Ltd., Hull, Great Britain</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >208,8</td><td width="24%" align="right" valign="middle" >0,0</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Rowallan Creamery Limited, Great Britain</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >0,1</td><td width="24%" align="right" valign="middle" >0,0</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >UNlCAO Limited, Great Britain</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >0,1</td><td width="24%" align="right" valign="middle" >0,0</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Allied Foods Limited, Great Britain</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >0,0</td><td width="24%" align="right" valign="middle" >0,0</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >MK Denmark A/S, Aarhus, Denmark</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >999,8</td><td width="24%" align="right" valign="middle" >27,7</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Aarhus Malaysia Sdn. Bhd., Teluk lntan, Malaysia, under lik</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >1,5</td><td width="24%" align="right" valign="middle" >0,0</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Aarhus 3 A/S, Aarhus, Denmark</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >443,5</td><td width="24%" align="right" valign="middle" >428,6</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Aarhus 1 A/S, Aarhus, Denmark</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >31,5</td><td width="24%" align="right" valign="middle" >-0,1</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Ceylon Trading Co. Ltd, Sri Lanka ú</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >22,7</td><td width="24%" align="right" valign="middle" >7,1</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Maersk Lanka {PVT) LTD.ú</td><td width="26%" align="right" valign="middle" >30</td><td width="28%" ></td><td width="24%" ></td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Anglia Oils Ltd., Hull, Great Britain</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >0,7</td><td width="24%" align="right" valign="middle" >0,0</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >AAK USA Inc., USAú</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >110,2</td><td width="24%" align="right" valign="middle" >399,0</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >AAK Canada Ltd.. Canadaú</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >AAK USA Kl, LLC, USA</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >537,8</td><td width="24%" align="right" valign="middle" >147,9</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >AAK USA K2, LLC, USA</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >62,4</td><td width="24%" align="right" valign="middle" >13,7</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >AAK USA Realco, LLC, USA</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >22,2</td><td width="24%" align="right" valign="middle" >2,1</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Oasis Foods Company, USA</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >273,3</td><td width="24%" align="right" valign="middle" >-17,6</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >AAK USA Richmond Corp., USA</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >593,1</td><td width="24%" align="right" valign="middle" >31,5</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >AAK Malaysia Sdn. Bhd, Malaysiaú</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >84,1</td><td width="24%" align="right" valign="middle" >-2,0</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >AAK Australia Pty.Ltd., Australia ú</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" ></td><td width="24%" ></td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >AAK Havnen A/S, Denmark</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >17,7</td><td width="24%" align="right" valign="middle" >0,3</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >000 AAK, Russia</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >62,8</td><td width="24%" align="right" valign="middle" >16,4</td></tr><tr><td colspan="4"></td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Hydrogen I/S, Denmark</td><td width="26%" align="right" valign="middle" >68</td><td width="28%" align="right" valign="middle" >2,3</td><td width="24%" align="right" valign="middle" >1,9</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >AarhusKarlshamn Burkina Faso SARL, Burkina Faso</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >24,9</td><td width="24%" align="right" valign="middle" >2,4</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >AAK do Brasil lndustria e Comercio de Oleos</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Vegetais Ltda., Brasil</td><td width="26%" align="right" valign="middle" >99</td><td width="28%" align="right" valign="middle" >197,6</td><td width="24%" align="right" valign="middle" >-17,3</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >AAK Germany GmbH, Germany</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >1,6</td><td width="24%" align="right" valign="middle" >0,1</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >AAK Mali SARL, Mali</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >1,7</td><td width="24%" align="right" valign="middle" >4,2</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >AAK Nigeria Ltd. Nigeria</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >0,2</td><td width="24%" align="right" valign="middle" >1,8</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Kl, Ghana Ltd.</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >10,0</td><td width="24%" align="right" valign="middle" >-7,9</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >KNAR Benin Sari, Beninâ¢</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >12,0</td><td width="24%" align="right" valign="middle" >-5,2</td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >KNAR Togo, Togoú</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" ></td><td width="24%" ></td></tr><tr><td width="22%" colspan="1" align="left" valign="middle" >Book & Claim, Great Britain</td><td width="26%" align="right" valign="middle" >100</td><td width="28%" align="right" valign="middle" >0,0</td><td width="24%" align="right" valign="middle" >0,0</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >* Maersk Lanka (PVT) LTD. Is included in Ceylon Trading Co. LTD</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >AAK Canada Ltd. Is included in AAK USA Inc.</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >AAK Australia Pty.Ltd. Is included in AAK Malaysia Sdn. Bhd.</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >KNAR, Togo is included in KNAR Benin Sarl</td></tr><tr><td colspan="4"></td></tr></table></fsa:DisclosureOfIncomeIncludingDividendIncomeFromInvestmentsInGroupEnterprisesAndAssociates>
<fsa:DisclosureOfContributedCapital contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Contributed capital</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The share capital consists of 4,000,000 shares, each with a nominel value of 100 kr</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >No shares hold particular rights</td></tr><tr><td colspan="1"></td></tr></table></fsa:DisclosureOfContributedCapital>
<fsa:DisclosureOfContingentLiabilities contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Disclosure of contingent liabilities</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The company is the administration company of the group of companies subject to the Danish scheme of joint taxation and unlmited joinly and several liable with the other joint taxed companies for the total corporation tax</td></tr><tr><td colspan="1"></td></tr></table></fsa:DisclosureOfContingentLiabilities>
<fsa:DisclosureOfOwnership contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Disclosure of ownership</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Ownership</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The company is owned 100 % by AAK AB (reg. no. 556669-2850), Malmö, Sverige</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Group</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The company is included in the Group Annual Report for AAK AB, The Group Annual report can be downloaded at www.aak.com</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Controlling interests</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The owner AAK AB have controlling interest in the company.</td></tr><tr><td colspan="1"></td></tr></table></fsa:DisclosureOfOwnership>
<fsa:InformationOnTransactionsWithRelatedPartiesNotConcludedUnderNormalMarketConditions contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="1" align="left" valign="middle" >Information on transactions with related parties made on an arm's length basis</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Related parties with controlling interest is AAK AB and its subsidiaries</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The company has chosen only to show transactions with related parties not made on arms lengthbasis</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >There have been none of such transactions in 2020</td></tr><tr><td colspan="1"></td></tr></table></fsa:InformationOnTransactionsWithRelatedPartiesNotConcludedUnderNormalMarketConditions>
<fsa:DisclosureOfTheManagementsProposedDistributionOfProfitLoss contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Proposed distribution of results</td></tr></table></fsa:DisclosureOfTheManagementsProposedDistributionOfProfitLoss>
<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx1">Ã
rsrapport</gsd:InformationOnTypeOfSubmittedReport>
<gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="ctx1" xml:lang="da">Strandvejen 44</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
<gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="ctx1" xml:lang="da">2900 Hellerup</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
<gsd:ToolForPreparingTheXBRLInstanceDocument contextRef="ctx1" xml:lang="da">xWizard version 1.1.1038.0, by EasyX Aps. www.easyx.eu</gsd:ToolForPreparingTheXBRLInstanceDocument>
<gsd:PrecedingReportingPeriodStartDate contextRef="ctx1">2019-01-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="ctx1">2019-12-31</gsd:PredingReportingPeriodEndDate>
<cmn:TypeOfAuditorAssistance contextRef="ctx1">Revisionspåtegning</cmn:TypeOfAuditorAssistance>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx2" xml:lang="da">Dorthe Bruun</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx3" xml:lang="da">Marianne Persson</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx4" xml:lang="da">Jarl Andreasson</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx5" xml:lang="da">Marianne Persson</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx6" xml:lang="da">Pontus Malmunger</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx7" xml:lang="da">Income from investment in group enterprises</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx7" unitRef="vDKK" decimals="-5">-15300000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx8" xml:lang="da">Income from investment in group enterprises</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx8" unitRef="vDKK" decimals="-5">1178300000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx9" xml:lang="da">Income from investment in group enterprises</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx9" unitRef="vDKK" decimals="-6">410000000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx10" xml:lang="da">Income from investment in group enterprises</mrv:NameOfKeyFigureOrFinancialRatio>
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<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx11" xml:lang="da">Income from investment in group enterprises</mrv:NameOfKeyFigureOrFinancialRatio>
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<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx16" unitRef="vDKK" decimals="-5">168100000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
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<fsa:Equity contextRef="ctx21" unitRef="vDKK" decimals="-3">1346120000</fsa:Equity>
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<fsa:ShorttermReceivables contextRef="ctx21" unitRef="vDKK" decimals="-3">788075000</fsa:ShorttermReceivables>
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<cmn:NameOfAuditFirm contextRef="ctx34" xml:lang="da">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
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