Assets
| Type | Time | Amount | Unit |
|---|---|---|---|
| ifrs-full:Assets | 2021-06-30 | 5179243000 | vDKK |
| ifrs-full:Assets | 2021-06-30 | 4827287000 | vDKK |
| ifrs-full:Assets | 2021-06-30 | 3702655000 | vDKK |
| ifrs-full:Assets | 2021-06-30 | 1773404000 | vDKK |
| ifrs-full:Assets | 2021-06-30 | 1090687000 | vDKK |
| ifrs-full:Assets | 2020-06-30 | 4827287000 | vDKK |
Revenue
| Type | Start date | End date | Amount | Unit |
|---|---|---|---|---|
| ifrs-full:Revenue | 2020-07-01 | 2021-06-30 | 6185009000 | vDKK |
| ifrs-full:Revenue | 2020-07-01 | 2021-06-30 | 4358013000 | vDKK |
| ifrs-full:Revenue | 2020-07-01 | 2021-06-30 | 2341336000 | vDKK |
| ifrs-full:Revenue | 2020-07-01 | 2021-06-30 | 1250136000 | vDKK |
| ifrs-full:Revenue | 2020-07-01 | 2021-06-30 | 1128347000 | vDKK |
| ifrs-full:Revenue | 2019-07-01 | 2020-06-30 | 4358013000 | vDKK |
XML
See the xml submitted here:
XML: http://regnskaber.virk.dk/07821631/amNsb3VkczovLzAzLzkwLzI3L2M4L2JiLzNjMDQtNDY5OC05YjZhLTMwMTMzNmQ5MTZmOQ.xml
Separator
The full data:
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<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 THEEXECUTIVE BOARD</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">Today, the Executive Board have discussed and approved the annual report of Microsoft Danmark ApS ("the Company") for the financial year 1 July 2020-30 June 2021.</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 prepared 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">In our opinion, the Company's financial statements give a true and fair view of the company's financial position at 30 June 2021 and of the results of the Company's operations for the financial year 1July 2020 - 30 June 2021.</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">Further, in our opinion, the Management's review gives a fair review of the development in the Company's operations and financial matters and the results of the Company's operations and financial position.</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">We recommend that the annual report be approved at the annual general meeting.</td></tr></table></sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting>
<arr:IndependentAuditorsReportsAudit 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">Independent auditor's report</td></tr></table></arr:IndependentAuditorsReportsAudit>
<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 Microsoft Danmark ApS</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">We have audited the financial statements of Microsoft Danmark ApS for the financial year 1 July 2020 - 30 June 2021, which comprise the income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the financial statements give a true and fair view of the Entityâs financial position at 30 June 2021 and of the results of its operations for the financial year 1 July 2020 -30 June 2021 in accordance with the Danish Financial Statements Act.</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 of opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and 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 this auditorâs report. We are independent of the Entity in accordance with the International Ethics Standards Board of Accountants' 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 abasis 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">Management's responsibility 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 Entityâs ability to continue as a going concern, for disclosing, as applicable, matters related to going concern, and for using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Entity 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 responsibilities for the audit of the financial statements</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 scepticism throughout the audit. We also</td></tr><tr><td colspan="1">â¢Identify and assess the risks of material misstatement of the financial statements, whether due to</td></tr><tr><td colspan="1">fraud or error, design and perform audit procedures responsive to those risks, and obtain audit</td></tr><tr><td colspan="1">evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not</td></tr><tr><td colspan="1">detecting a material misstatement resulting from fraud is higher than for one resulting from error, as</td></tr><tr><td colspan="1">fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of</td></tr><tr><td colspan="1">internal control.</td></tr><tr><td colspan="1">â¢Obtain an understanding of internal control relevant to the audit in order to design audit procedures</td></tr><tr><td colspan="1">that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the</td></tr><tr><td colspan="1">effectiveness of the Entityâs internal control.</td></tr><tr><td colspan="1">â¢Evaluate the appropriateness of accounting policies used and the reasonableness of accounting</td></tr><tr><td colspan="1">estimates and related disclosures made by Management.</td></tr><tr><td colspan="1">â¢Conclude on the appropriateness of Managementâs use of the going concern basis of accounting in</td></tr><tr><td colspan="1">preparing the financial statements, and, based on the audit evidence obtained, whether a material</td></tr><tr><td colspan="1">uncertainty exists related to events or conditions that may cast significant doubt on the Entityâs</td></tr><tr><td colspan="1">ability to continue as a going concern. If we conclude that a material uncertainty exists, we are</td></tr><tr><td colspan="1">required to draw attention in our auditorâs report to the related disclosures in the financial</td></tr><tr><td colspan="1">statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are</td></tr><tr><td colspan="1">based on the audit evidence obtained up to the date of our auditorâs report. However, future events</td></tr><tr><td colspan="1">or conditions maycause the Entity to cease to continue as agoing concern.</td></tr><tr><td colspan="1">⢠Evaluate the overall presentation, structure and content of the financial statements, including the</td></tr><tr><td colspan="1">Disclosures in the notes, and whether the financial statements represent the underlying</td></tr><tr><td colspan="1">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 timingof 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 the management commentary.</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover the management commentary, 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 the management commentary and, in doing so, consider whether the management commentary is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.</td></tr><tr><td colspan="1">Moreover, it is our responsibility to consider whether the management commentary provides the information required under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Based on the work we have performed, we conclude that the management commentary 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 of the management commentary.</td></tr></table></arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:SignatureOfAuditorsPlace contextRef="ctx1" xml:lang="da">Copenhagen</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx1">2021-10-25</arr:SignatureOfAuditorsDate>
<gsd:NameOfReportingEntity contextRef="ctx1" xml:lang="da">Microsoft Danmark ApS</gsd:NameOfReportingEntity>
<gsd:AddressOfReportingEntityStreetName contextRef="ctx1" xml:lang="da">Kanalvej</gsd:AddressOfReportingEntityStreetName>
<gsd:AddressOfReportingEntityStreetBuildingIdentifier contextRef="ctx1" xml:lang="da">7</gsd:AddressOfReportingEntityStreetBuildingIdentifier>
<gsd:AddressOfReportingEntityPostCodeIdentifier contextRef="ctx1" xml:lang="da">2800</gsd:AddressOfReportingEntityPostCodeIdentifier>
<gsd:AddressOfReportingEntityDistrictName contextRef="ctx1" xml:lang="da">Kgs Lyngby</gsd:AddressOfReportingEntityDistrictName>
<gsd:IdentificationNumberCvrOfReportingEntity contextRef="ctx1">13612870</gsd:IdentificationNumberCvrOfReportingEntity>
<gsd:DateOfFoundationOfReportingEntity contextRef="ctx1">1989-11-01</gsd:DateOfFoundationOfReportingEntity>
<gsd:RegisteredOfficeOfReportingEntity contextRef="ctx1" xml:lang="da">Lyngby-Taarbæk</gsd:RegisteredOfficeOfReportingEntity>
<gsd:HomepageOfReportingEntity contextRef="ctx1">www.microsoft.com</gsd:HomepageOfReportingEntity>
<gsd:EmailOfReportingEntity contextRef="ctx1" xml:lang="da">danmark@microsoft.com</gsd:EmailOfReportingEntity>
<gsd:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="ctx1" xml:lang="da">Chantal Pernille Patel</gsd:NameAndSurnameOfChairmanOfGeneralMeeting>
<gsd:DateOfGeneralMeeting contextRef="ctx1">2021-11-22</gsd:DateOfGeneralMeeting>
<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">MANAGEMENT'S REVIEW</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 /><td>Ledelsesberetning</td></tr></table></mrv:ManagementsReview>
<mrv:DescriptionOfPrimaryActivitiesOfEntity 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">Business review</td></tr><tr><td colspan="1">The activities of Microsoft Danmark ApS include the distribution of software, IT services and hardware to customers as well as the provision of consultancy, support services and marketing. The expansion of direct distribution activities since2018 continues to impacton the financial results and balances.</td></tr></table></mrv:DescriptionOfPrimaryActivitiesOfEntity>
<mrv:DescriptionOfDevelopmentInActivitiesAndFinancialAffairs 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 review</td></tr><tr><td colspan="1">The Company's revenue for the year amounted to DKK 6,185,009 thousand (2020: DKK 4,358,013 thousand). The revenue increase for the year was 42%, which is in line with expectations previously expressed and almost fully attributable to continuous expansion of the direct distribution activities under the business model transition. The profit before tax has increased by 22% which is slightly above the expectations and driven by slower growth ofoperational expenses.</td></tr><tr><td colspan="1">Net result for the year is also consistent with expectations and amounted to DKK 271,482 thousand, while prior year result of DKK 740,789 thousand was affected by exit-tax implications under the transition rules of Section 2A of the Danish Corporation Tax Act triggered by internal group restructuring. The prior year restructuring is considered as non-recurring event and not attributable to the primary business activities of the Company.</td></tr><tr><td colspan="1">Management assessed the Companyâs financial performance for the year as satisfactory.</td></tr></table></mrv:DescriptionOfDevelopmentInActivitiesAndFinancialAffairs>
<mrv:EntitysObjectivesAndPolitiesForFinancialRiskManagement 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 risks and use of financial instruments</td></tr><tr><td colspan="1">Microsoft Danmark ApS bears routine risks of market prices volatility, changes in product demand and other market forces based on established model of direct distribution activities. In respect to the provided services no significant operational risks are born since Company is compensated by group entities for its provision for these services. Due to its solvency and business structure, the companyâs exposure to the changes of interest rates, currency and marketfluctuations is considered as non-substantial</td></tr></table></mrv:EntitysObjectivesAndPolitiesForFinancialRiskManagement>
<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">Corporate Responsibility</td></tr><tr><td colspan="1">The following sections comprise Microsoft Danmark ApSâ statutory reporting on corporate responsibility, cf.§99a in the Danish FSA.</td></tr><tr><td colspan="1">Business model</td></tr><tr><td colspan="1">Microsoftâs mission is to âEmpower every person and every organization on the planet to achieve moreâ, with a strategy to build best-in-class platforms and productivity services for a mobile-first,cloud-first world. Microsoft's platforms will harmonize the interests of end users, developers, and IT better than any competing ecosystem or platform.</td></tr><tr><td colspan="1">To achieve our mission and fulfill our corporate purpose today and in the future, Microsoft must ensure the technology we create benefits everyone on the planet, as well as the planet itself. Our mission and purpose guide not only the products and services we develop, but the policies and practices that govern our work, and our commitment to causes and communities around the world. The challenges facing people and the planet are complex, and no one company, sector, or even country can solve them alone. Thatâs why at Microsoft we are committed to working across sectors to foster partnerships and solutions that will have lasting impact. We focus on four interconnected commitments: ensuring that economic opportunity is inclusive; unequivocally supporting fundamental rights; addressing climate change for a sustainable future and earning trust every day by spanning privacy, security, digital safety, responsible AI, and transparency.</td></tr><tr><td colspan="1">Microsoft Danmark main activities consists of distribution of software, IT services and hardware, as well as consultancy and support. Sustainability is an integrated element in our businessâ purpose, activities, and strategy. Particularly, we focus on mitigating the negative impacts and maximizing the positive impacts of our activities in within the areas of environment, climate, human rights, anti-corruption, as well as for our employees. Microsoft Danmark ApS follows the Groupâs (Microsoft) policies on these areas, and the following sections will highlight how we, as a group and locally, work to implement these in practice and drive forward our work with social and environmental sustainability.</td></tr><tr><td colspan="1">#DigitalLeapDenmark: A green digital promise for the future</td></tr><tr><td colspan="1">In the fiscal year 2020/21, a keymilestone forMicrosoft was the announcement of the plans to establish a sustainable datacenter region in Denmark as part of #DigitalLeapDenmark, a commitmentto the countryâs green digital future. The plan represents the next step in Microsoftâs longstanding commitment to help the country accelerate public sector digitization, fuel digital innovation to support growth of Danish enterprises, and apply technology to help create a greener future. As part of the investment, Microsoft also pledges to bring digital upskilling to 200,000 Danes of all ages and skilllevels, by 2024</td></tr><tr><td colspan="1">Environment and climate</td></tr><tr><td colspan="1">Risks</td></tr><tr><td colspan="1">Microsoft focuses on four areas-carbon, water, waste, and ecosystems-where we have assessed that our most material risks related to environment and the climate are. Within these areas, we seek to scale by minimizing the negative impacts of our operations and maximizing the positive impacts of our technology. Within the Danish context, our key risks particularly are related to the generation and handling of waste and energy use.</td></tr><tr><td colspan="1">Policies</td></tr><tr><td colspan="1">Microsoft has made sustainability part of its business, including embedding it deeply into its governance structure. The Microsoft Board is engaged in oversight of climate-related risks and opportunities, and managementis fully engaged in assessing and managing risksand opportunities.</td></tr><tr><td colspan="1">In 2020 Microsoft Group have announced a commitment, to be carbon negative, water positive, zero waste by 2030 and toprotect ecosystems by developing aPlanetary Computer.</td></tr><tr><td colspan="1">Actions and results 2020/21</td></tr><tr><td colspan="1">As part of our commitmentthe Group has, amongother things</td></tr><tr><td colspan="1">⢠Worked with community organizations and partners to establish over 20 water projects around the world.</td></tr><tr><td colspan="1">⢠Partnered with suppliers to see how plastic waste recovered from our oceans, waterways and beaches can beprocessed and used in consumerproducts and will have moretoshare on this soon.</td></tr><tr><td colspan="1">⢠Met our land protection commitment through partnerships with The Nature Conservancy and the National Fishand WildlifeFederation to preserve morethan 15,000 acres of importantecosystems.</td></tr><tr><td colspan="1">⢠Through Microsoftâs $1 billion Climate Innovation Fund, the Group has made direct investments in several companies to help them accelerate and scaletheir solutions.</td></tr><tr><td colspan="1">In July 2020, Microsoft was announced as founding member of the âThe Transform to Net Zeroâ coalition, alongside a number of large multinational companies. The coalition aim to demonstrate and enable the business transformation needed to achieve net zero emissions by 2050, in addition to driving broader change with afocus on policy, innovation and finance.</td></tr><tr><td colspan="1">Locally in Lyngby, sustainability is one of our top priorities. Our building is constructed according to the Danish Building Regulation No. 2015, which secures an energy-efficient building that meets the standards of LEED (Leadership in Energy and Environmental Design).</td></tr><tr><td colspan="1">In year 2020/2021 Microsoft in Lyngby have purchased guarantees of origins from Danish Wind Turbines securing 100% coverage of our power consumption of the building by wind energy for the period from January 2021 to December2023</td></tr><tr><td colspan="1">In addition to the building, several sustainability initiatives have been implemented during 2020/21 such as discontinued use of water bottles, reduced numbers of printers inhouse, employee webinars on growing own food and vegetarian recipes. Along with ongoing sustainability campaigns (e.g. Earth Day, Waste Less Week) those initiatives served to optimize our energy use, reduce waste, and raise awareness amongst employees during the year.</td></tr><tr><td colspan="1">Human rights</td></tr><tr><td colspan="1">Risks</td></tr><tr><td colspan="1">Microsoft has relationships with thousands of suppliers around the globe, where there is an inherent risk that human rights may be impacted along the supply chain. Hence, Microsoft invests heavily in supplier relationships and our human rights commitment extends to all our suppliers. In relation to our customers, a key risk is not being able to secure usersâ right to privacy, and internally, key human rights risks are identified as employees potentially facing discrimination.</td></tr><tr><td colspan="1">Policies</td></tr><tr><td colspan="1">Respecting humanrights is a corevalue of Microsoft.It is inseparable from our mission to empower every person and every organization on the planet to achieve more with our technologies. We believe that people, organizations, and societies will only use technologies they trust, and they will only trust technologies that respect their rights and advance human dignity, agency, and wellbeing. The Group has developed policies that support Microsoftin meeting its responsibility to respecthumanrights in relation to customers, employees, suppliers, and regarding our legal obligations. We are committed to upholding the fundamental principles of human rights, as well as workerâs rights, as outlined in the ILO core conventions within our own operations and throughout the value chain.</td></tr><tr><td colspan="1">Actions and results 2020/21</td></tr><tr><td colspan="1">Microsoft continually works to implement our human rights policies, in relation to the customers, employees, and suppliers. To fight discrimination and advance employeesâ rights, Microsoft has specific policies and supporting programs in place, through which we on a continuous basis seek to foster a culture of equal opportunities and zero discrimination.</td></tr><tr><td colspan="1">To secure our customersâ right to privacy, we seek to empower customers to be in control of their data through our privacy principles. In 2020, Microsoft promptly responded to recommendations from the European Data Protection Board by adding new protections to contracts with public sector and enterprise customers tofurther securecustomersâright toprivacy and accessto compensation.</td></tr><tr><td colspan="1">Concerning human rights risks in the supply chain, Microsoft has also this year worked with supplier relationships, and the Supplier Code of Conduct has been continuously enforced, where it is expected that all suppliers who do business with Microsoftuphold the requirements setout in the Code.</td></tr><tr><td colspan="1">To mark Human Rights Day in December 2020, Microsoft released an update to the Microsoft Global HumanRights Statement, which we are publishing in 18 languages and dialects.</td></tr><tr><td colspan="1">Looking forward, Microsoft will continue to stand up for human rights in our own ecosystem and business, and for people across the globe. This includes helping organizations and communities prepare for, respond to, and recover from humanitarian crises,and advocating for fair immigrationpractices</td></tr><tr><td colspan="1">Anti-corruption and bribery</td></tr><tr><td colspan="1">Risks</td></tr><tr><td colspan="1">Due to the global nature of our business, we face the risk of being involved in corruption and bribery across the value chain. TheGroupâs corruption and bribery risk assessments help drive our decisions and priorities forenhancing controls, processes,and monitoring.</td></tr><tr><td colspan="1">Policies</td></tr><tr><td colspan="1">The Group does not and will not tolerate violations of our standards and policies. Our anti-corruption compliance program is designed to prevent, detect, and fix compliance issues. Microsoft approaches compliance with a growth mindset and a process of continuous improvement and invest heavily in innovative and fresh approaches. The Groupâs compliance program meets the highest standards, including ISO 37001, the new Anti-Bribery Management System Standard.</td></tr><tr><td colspan="1">Actions and results 2020/21</td></tr><tr><td colspan="1">During 2020/21, we have worked to implement our policies for anti-corruption in various ways. Microsoft has a mandatory anti-corruption training program, in which all partners and suppliers must participate. Further, our global compliance investigation team continuously reviews and investigates concerns reported by employees or third parties toour anonymous hotline.</td></tr><tr><td colspan="1">Microsoft Danmark employees have taken the part in broader Microsoft learning initiative âTrust365â - one-week fully digital event with variety of speakers reflecting on risks and behaviors and the importance of Ethics and Compliance in all business transactions and relationships. Employees were also participating in annual training program âStandards of Business Conductâ, which is a primary component of the policy governance framework and contains Microsoft's commitment to ethical business practices and complying with the law.</td></tr><tr><td colspan="1">Every day at Microsoft we strive to earn the trust of the communities we serve, and our future commitment goes beyond words to actions, but is to provide tools and frameworks for the efficient compliance solutions and practices forour customersand partners, as well as our employees.</td></tr><tr><td colspan="1">Social conditions and employee relations</td></tr><tr><td colspan="1">Risks</td></tr><tr><td colspan="1">Microsoft's business is based on the knowledge and innovation created by people. Failing to attract, retain and develop the best employees poses a material risk for Microsoft, as we may not be able to continue delivering the best solutions in the market.</td></tr><tr><td colspan="1">Policies</td></tr><tr><td colspan="1">Being able to deliver the best services in the market requires motivated and dedicated employees. Hence, Microsoft focuses on maintaining and developing its position as one of Denmark's best workplaces. As one element of this, Microsoft is strategically dedicated to diversity across gender, age, nationality, religion and sexual orientation. To be successful as a business in empowering everyone on the planet, we need to reflect the world we serve. This is our commitment, and we have goals and programsto improverepresentation in all roles and atall levels.</td></tr><tr><td colspan="1">In addition to our own workforce, we are firmly committed to support broader digital skilling and education opportunities across society as aprerequisite toensure future digital growth and innovation.</td></tr><tr><td colspan="1">Actions and results 2020/21</td></tr><tr><td colspan="1">We are accelerating our cultural transformation through further investment in inclusion, defining it as a âcore priorityâ for all employees. As part of our performance and development approach, every employee is encouraged to deepen their learning about diversity and make inclusion a daily and personal part of their job. Accordingly, we launched Allyship at Microsoft, a series of learning opportunities to become a moreinformed and effective ally through habit formation, building on ongoing conversations, insights, and failures, then recovery and learnings.</td></tr><tr><td colspan="1">During 2020/21, Microsoft Danmark was rated in top 3 as one of the most attractive employers in the Nordics amongstudents ofEngineering, IT and Business (Universum).</td></tr><tr><td colspan="1">As part of our societal skilling commitment, and in response to COVID-19, we are proud to have provided freeaccess to online courses,learning paths, and career tools to millions of people worldwide through the Global Skills Initiative, including in Denmark. During 2020/21, Microsoft Danmark ApS has entered into a new partnership with Digital Dogme to support training and mutual learning. Furthermore, we have continued our partnerships with non-profits such as Coding Pirates and Coding Class to support access to digital education opportunities and have partnered with local municipalities to deliver training programs and certifications for jobseekers.</td></tr><tr><td colspan="1">At Microsoft we believe that every person must have access to the technology, skills, and opportunity to pursue in-demand jobs in a changing economy. Thatâs why we will continue to accelerate our efforts to close the skills and broadband gaps, and we are committedto promoteinclusion and accessibility globally as well as in our own work environment.</td></tr></table></mrv:StatementOfCorporateSocialResponsibility>
<mrv:StatementOfTheDiversityPolicies 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">Gender compositionof management</td></tr><tr><td colspan="1">MicrosoftDanmark reports on gender diversity in line with the requirements in §99b in the Danish FSA.</td></tr><tr><td colspan="1">Microsoft Danmark has set specific goals for women in management along with a strategy for how to reach these goals. As of2020/21</td></tr><tr><td colspan="1">⢠The top management team consist of 9 people, of which 4 are women. This gives a 44% female representation, which is considered positive (target: at least 30%).</td></tr><tr><td colspan="1">â¢Thefull managementpopulation is 41% women: which is considered positive (target: atleast 30%).</td></tr><tr><td colspan="1">â¢Thetotal population consists of32% women: which is considered apositive (target: at least 30%).</td></tr><tr><td colspan="1">The Executive Board comprises a man and a woman. The Company has therefore achieved an equal gender distribution in the Executive Board</td></tr><tr><td colspan="1">It is Microsoft Danmarkâs intent and policy to increase the number of females in all management layers to reflect the country population most accurately. There are several initiatives focusing on attracting and retaining female employees including female targeted employer branding material, female networks, female targeted recruiting, mentorships and a strong focus on inclusion (workshops and trainings) to makeall thrive regardless ofgender and background.</td></tr></table></mrv:StatementOfTheDiversityPolicies>
<mrv:DescriptionOfKnowledgeResources 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">Knowledgeresources</td></tr><tr><td colspan="1">⢠In July 2020, Claus Jul Christiansen left his role as One Commercial Partner Lead and took on the role as Lead ofSmall, Medium &amp;Corporate Unit.</td></tr><tr><td colspan="1">â¢In July 2020, Anne Marie Kindberg took on the role as interim One CommercialPartner Lead.</td></tr><tr><td colspan="1">⢠In July 2020, Crilles Jansen left his role as Specialist Team Unit Lead and took on the role as Customer Success Unit Lead.</td></tr><tr><td colspan="1">⢠In July 2020, Ricky Gangsted-Rasmussen left his role as Customer Success Unit Lead and took on the role as Specialist Team Unit Lead.</td></tr><tr><td colspan="1">â¢In May 2021, Mark McCrory was appointed Consulting Lead takingover from Birgitte Svejstrup Eriksen.</td></tr></table></mrv:DescriptionOfKnowledgeResources>
<mrv:DescriptionOfSignificantEventsOccurringAfterEndOfReportingPeriod 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">Eventsafter thebalance sheet date</td></tr><tr><td colspan="1">No events occurred after the balance sheet date that would impact significantly on the financial statements. The impacts of the COVID-19 pandemic have been considered and mitigating actions including employees working remotelyfrom homeallow operations to continue to function effectively.</td></tr></table></mrv:DescriptionOfSignificantEventsOccurringAfterEndOfReportingPeriod>
<mrv:DescriptionOfExpectedDevelopment 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">Outlook</td></tr><tr><td colspan="1">Management expects no significant change in the Company's activities in the future and has considered the potential impact of the current COVID-19 pandemic to the Companyâs business operations. There is an uncertainty in the nature and degree of the effect of continuous COVID-19 pandemic over time, to the date no significant negative impacts as a result of COVID-19 have been identified to cast doubt on the entity's ability to continue operating as agoing concern in the foreseeable future.</td></tr><tr><td colspan="1">Under the business model transition started in 2018 and driven by continuous expansion of the direct distribution of software, IT services and hardware to the customers, Management expects an increase in the revenue up to 30-40% for the fiscal year 2021/22 comparedto previous year. Inconsideration with the resources to be allocated to support revenue growth, profit before tax in 2021/22 is expected to be 10-16% higher in comparisonto 2020/21</td></tr></table></mrv:DescriptionOfExpectedDevelopment>
<fsa:ClassOfReportingEntity contextRef="ctx1">Regnskabsklasse C, stor virksomhed</fsa:ClassOfReportingEntity>
<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">Accounting policies</td></tr><tr><td colspan="1">The annual report of Microsoft Danmark ApS for the year ended 30 June 2021 has been prepared in accordance with the provisions in the Danish Financial Statements Act applying to large reporting class C entities.</td></tr><tr><td colspan="1">The presentation of Annual report for the year ended 30 June 2021 continues to follow an IFRS presentation ofthe Statement of financial position consistent with prior year.</td></tr><tr><td colspan="1">Therehas been no changes in the accounting policies as per last year's Annual report.</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">1.3 Reporting currency</td></tr><tr><td colspan="1">Thefinancial statementsare presented in Danish kroner (DKK'000).</td></tr></table></fsa:DisclosureOfAccountingPolicies>
<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">1.1 Omission of acash flow statement</td></tr><tr><td colspan="1">With reference to section 86(4) of the Danish Financial Statements Act, no cash flow statement has been prepared. The entity's cash flows are part of the consolidated cash flow statement for the ultimate parent company, Microsoft Corporation.</td></tr></table></fsa:ExplanationOfNotDisclosingCashFlowsStatements>
<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">1.2 Basis ofrecognition and measurement</td></tr><tr><td colspan="1">Assets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flowto the Companyand the value of the assetcan bemeasuredreliably.</td></tr><tr><td colspan="1">Liabilities are recognised in the balance sheet when the Company has a legal or constructive obligation as a result of a prior event and it is probable that future economic benefits will flow out of the Company and the value ofthe liability can be measuredreliably.</td></tr><tr><td colspan="1">On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effectedas described below for each financial statementitem.</td></tr><tr><td colspan="1">Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement.</td></tr><tr><td colspan="1">Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year.</td></tr></table></fsa:DescriptionOfGeneralMattersRelatedToRecognitionMeasurementAndChangesInAccountingPolicies>
<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">1.4 Foreign currency translation</td></tr><tr><td colspan="1">On initial recognition, transactions denominated in foreign currencies are translated at the exchange rates at the transaction date. Foreign exchange differences arising between the exchange rate at the transaction date and the rate at the date of payment are recognised in the income statement as financial incomeor financial expenses.</td></tr><tr><td colspan="1">Receivables and payables and other monetary items denominated in foreign currencies are translated at closing rates. Thedifference between the exchange rates at the balance sheet date and the date at which the receivable or payable arose or was recognised in the latest financial statements is recognised in the incomestatementas financial incomeor financial expenses.</td></tr><tr><td colspan="1">Property, plant and equipment, intangible assets and other non-monetary assets that have been purchased in foreign currencies aretranslated using historical rates.</td></tr></table></fsa:DescriptionOfMethodsOfTranslationOfForeignCurrencies>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeStatementItems 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">1.5 Income statement</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeStatementItems>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfRevenue 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">(a) Revenue</td></tr><tr><td colspan="1">Revenue primarily consists of live distribution of software and hardware to Danish customers. Furthermore, the revenue comprises to some extent intra-group commissions and invoiced sales of consultancy services.</td></tr><tr><td colspan="1">Microsoft Danmark ApS operates this business under a âLimited Risk Distributorâ model, the terms of which are defined in a distribution and inter-company service agreement signed with Microsoft Ireland Operations Limited (MIOL).</td></tr><tr><td colspan="1">Revenue is recognised in the income statement when delivery is made and risk has passed to the buyer. Revenue is recognised net of VAT,duties and sales discounts.</td></tr><tr><td colspan="1">Licences for on-premises software provide the customer with a right to use the software as it exists when made available to the customer. Customers may purchase perpetual licences or subscribe to licences, which provide customers with the same functionality and differ mainly in the duration over which the customer benefits from the software. Revenue from distinct on-premises licences is recognised upfront at the point in time when the software is made available to the customer. In cases where we allocate revenue to software updates, primarily because the updates are provided at no additional charge, revenue is recognised as the updates are provided, which is generally rateably over the estimated life of the related device or licence.</td></tr><tr><td colspan="1">Certain volume licensing programs, including Enterprise Agreements, include on-premises licences combined with Software Assurance (âSAâ). SA conveys the rights to new software and upgrades released over the contract period and provides support, tools, and training to help customers deploy and use products more efficiently. On-premises licences are considered distinct from SA and therefore separate performance obligations when sold with SA. Revenue allocated to SA is generally recognised rateably over the contract period as customers simultaneously consume and receive benefits, given that SA comprisesdistinct goods or services that aresatisfied over time.</td></tr><tr><td colspan="1">Maintenance and subscription products are recognized proportionately over the term of the contract. Revenue from sales of packaged goods to and through distributors and resellers is recognized at the point in timewhen ownership is transferredto distributors and resellers or directly to end-customers.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfRevenue>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCostOfSales 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">(b) Cost of sales</td></tr><tr><td colspan="1">Cost of goods sold relate to those costs which are directly attributable to the revenue generating activities of the company and are recognised in the income statement in line with the related recognition of revenue.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCostOfSales>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDistributionCosts 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">(c) Distribution costs</td></tr><tr><td colspan="1">Distribution costs comprise costs incurred for sale and distribution of the Company's products, including wages and salaries for sales staff, advertising costs, travelling and entertainment expenses, etc. as well as amortisation, depreciation and impairment losses relating to intangible assets and property, plant and equipment attached to the distribution process.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDistributionCosts>
<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">(d) Administrative expenses</td></tr><tr><td colspan="1">Administrative expenses comprise costs incurred in the year to manage and administer the Company, including expenses related to administrative staff, management, office premises, office expenses as well as amortisation, depreciation and impairment losses relating to intangible assets and property, plant and equipment used for administration of the Company.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAdministrativeExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfOtherOperatingIncomeAndExpenses 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">(e) Otheroperating expenses</td></tr><tr><td colspan="1">Other operating expenses comprise items secondary to the entities' activities, including losses on disposal of intangible assets and itemsof property, plant and equipment.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfOtherOperatingIncomeAndExpenses>
<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">(f) Financial income andexpenses</td></tr><tr><td colspan="1">Financial income and expenses comprises interests, including those to group entities net capital gains and losses on transactions in foreign currencies as well as tax relief and surcharges under the Danish TaxPrepayment Scheme,etc.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfFinanceIncomeAndExpenses>
<fsa:DescriptionOfOtherTaxExpenses 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">(g) Taxfor theyear</td></tr><tr><td colspan="1">TheCompany is covered by the Danish rules on compulsory joint taxation.The current Danish corporation tax is allocated by settlement of joint taxation contribution between the jointly taxed companies in proportion to their taxable income. In this relation, companies with tax loss carryforwards receive joint taxation contribution from companies that have used these losses to reduce their own taxable profits.</td></tr><tr><td colspan="1">Jointly taxed companies entitled to a tax refund are, as a minimum, reimbursed by the administrative company according to the current rates applicable to interest allowances, and jointly taxed companies which do not pay their due taxes, as a maximum, a surcharge according to the current rates applicable to interest surcharges tothe administrative company.</td></tr><tr><td colspan="1">Tax for the year includes current tax on the year's expected taxable income and the year's deferred tax adjustments. The portion of the tax for the year that relates to the profit/loss for the year is recognised in the income statement, whereas the portion that relates to transactions taken to equity is recognised in equity.</td></tr></table></fsa:DescriptionOfOtherTaxExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAssetsAndLiabilities 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">1.6 Balance sheet</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAssetsAndLiabilities>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfPropertyPlantAndEquipment 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">(a) Property, plant and equipment</td></tr><tr><td colspan="1">Fixtures and fittings, tools and equipment, as well as leasehold improvements are measured at cost less accumulated depreciation and impairmentlosses.</td></tr><tr><td colspan="1">Cost comprises the purchase price and any costs directly attributable to the acquisition, and preparation costs ofthe asset until the date when the asset is available for use.</td></tr><tr><td colspan="1">Depreciation is provided on a straight-line basis over the expected useful lives of the assets. The expected useful lives areas follows</td></tr><tr><td colspan="1">Fixtures andfittings,toolsandequipment 3 to5 years Computers(excl. servers) Fullydepreciatedinmonthof acquisition Leaseholdimprovements Over the agreedleaseperiod,notto exceed10 years</td></tr><tr><td colspan="1">In July 2020, we completed an assessment of the useful lives of our server and network equipment and determined we should increase the estimated useful life of server equipment from three years to four years and increase the estimated useful life of network equipment from three years to four years. This change in accounting estimate is effective beginning fiscal year 2021. Based on the carrying amount of server and network equipment included in Property, plant and equipment as of June 30, 2020, it is estimated this change increased our fiscal year 2021 operating income by DKK 1891 thousand. Forward looking expectations for the same change in accounting estimate is to decrease our fiscal year 2022 operating incomeby DKK 133 thousand.</td></tr><tr><td colspan="1">Fixed assets are written down to the recoverable amount,if this value is lower than the carrying amount.</td></tr><tr><td colspan="1">Profits and losses from the sale of property, plant and equipment are recognised in the income statement under the sameitemsas the related depreciation.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfPropertyPlantAndEquipment>
<fsa:DescriptionOfMethodsOfAmortisationOfNoncurrentAssets 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">(b) Impairment of assets</td></tr><tr><td colspan="1">The carrying amount of intangible assets, property, plant and equipment and investments in subsidiaries and associates is assessed forimpairmenton an annual basis.</td></tr><tr><td colspan="1">Impairment tests are conducted on assets or groups of assets when there is indication of impairment. Assets are written down tothe lower ofthe carrying amountand the recoverable amount.</td></tr><tr><td colspan="1">Where an impairment loss is recognised on a group of assets, a loss must first be allocated to goodwill and then tothe other assets on a prorata basis.</td></tr><tr><td colspan="1">The recoverable amount is the higher of the net selling price of an asset and its value in use. The value in use is calculated as the net present value of the expected net cash flows from the use of the asset or the group of assets and the expected net cash flows from the disposal of the asset or the group of assets after the end of the usefullife.</td></tr><tr><td colspan="1">Previously recognised impairment losses are reversed when the reason for recognition no longer exists. Impairmentlosses on goodwill are not reversed.</td></tr></table></fsa:DescriptionOfMethodsOfAmortisationOfNoncurrentAssets>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfReceivables 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">(c) Receivables</td></tr><tr><td colspan="1">Receivables are measured at amortised cost, usually equaling nominal value less provisions for bad debts. Provisions for bad debts are calculated on the basis of an assessment of the expected collectibilty. Trade receivables with a due date greater than 12 months are considered as a long-term receivable and are classedas Other non-current assets in the balance sheet.</td></tr><tr><td colspan="1">TheCompany has chosen IAS 39 as interpretation forimpairmentoffinancial receivables.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfReceivables>
<fsa:DescriptionOfMethodsOfPrepayments 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">(d) Prepayments</td></tr><tr><td colspan="1">Prepayments recognised under current assets comprise expenses incurred concerning subsequent financial years. Prepayments are measuredat cost.</td></tr></table></fsa:DescriptionOfMethodsOfPrepayments>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCashAndCashEquivalents 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">(e) Cash</td></tr><tr><td colspan="1">Cash comprisescashin hand and bank deposits.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCashAndCashEquivalents>
<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">(f) Equity</td></tr><tr><td colspan="1">Dividend</td></tr><tr><td colspan="1">Dividend proposed for the year is recognised as a liability at the date when they are adopted at the annual general meeting (declaration date). Dividend expected to be distributed for the year is disclosed as a separate item under equity.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEquity>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfProvisions 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">(g) Provisions</td></tr><tr><td colspan="1">Provisions comprise anticipated expenses relating to restoration, etc. Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event and it is probable that an outflow of resources embodying economicbenefits will be required to settle the obligation.</td></tr><tr><td colspan="1">Provisions are measured at net realisable value or fair value. If the obligation is expected to be settled far into the future.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfProvisions>
<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">(h) Income taxanddeferred tax</td></tr><tr><td colspan="1">Current tax payables and receivables are recognised in the balance sheet as tax computed on the taxable incomeforthe year, adjusted fortax on prior-year taxable incomeand tax paid on account.</td></tr><tr><td colspan="1">Joint taxation contribution payable and receivable is recognised in the balance sheet as "Income tax receivable" or "Incometax payable".</td></tr><tr><td colspan="1">Deferred tax assets, including the tax base of tax loss carry-forwards, are recognised at the expected value of their utilisation; either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the samelegal tax entity and jurisdiction.</td></tr><tr><td colspan="1">Deferred tax is measured according to the tax rules and at the tax rates applicable at the balance sheet date when the deferredtax is expected to crystallise as current tax.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxPayablesAndDeferredTax>
<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">(i) Liabilities</td></tr><tr><td colspan="1">Other financial liabilities aremeasuredat amortisedcost,which usually corresponds to nominal value.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfLiabilitiesOtherThanProvisions>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDeferredIncomeLiabilities 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">(j) Deferred income</td></tr><tr><td colspan="1">Deferred income, recognised under "Liabilities", comprises payments received concerning income in subsequent years.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDeferredIncomeLiabilities>
<fsa:InformationOnSegments 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">1.7 Segment information</td></tr><tr><td colspan="1">Segment information is given for revenue broken down by business segment. The segmentation is in accordance with the entity's internal financial management.</td></tr></table></fsa:InformationOnSegments>
<fsa:Revenue contextRef="ctx1" unitRef="vDKK" decimals="-3">6185009000</fsa:Revenue>
<fsa:GrossResult contextRef="ctx1" unitRef="vDKK" decimals="-3">354988000</fsa:GrossResult>
<fsa:ProfitLoss contextRef="ctx1" unitRef="vDKK" decimals="-3">271482000</fsa:ProfitLoss>
<fsa:InvestmentInPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">15874000</fsa:InvestmentInPropertyPlantAndEquipment>
<mrv:OperatingMargin contextRef="ctx1" unitRef="pure" decimals="3">0.057</mrv:OperatingMargin>
<mrv:SolvencyRatio contextRef="ctx1" unitRef="pure" decimals="3">0.234</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx1" unitRef="pure" decimals="3">0.224</mrv:ReturnOnEquity>
<fsa:AverageNumberOfEmployees contextRef="ctx1" unitRef="pure" decimals="0">456</fsa:AverageNumberOfEmployees>
<mrv:InformationOnCalculationOfKeyFiguresAndFinancialRatios 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 /><td>Financial ratios are calculated in accordance with the Danish Finance Society's guidelines on the calculation of financial ratios, "Recommendations and Financial Ratios 2015".</td></tr><tr><td /><td>The financial ratios stated under "Financial highlights" have been calculated as follows</td></tr><tr><td /><td>Operating margin</td><td>Operating profit(EBIT) x 100 / Revenue</td></tr><tr><td /><td>Solvency ratio</td><td>Equity excl. non-controlling interests, year-end x 100 / TotalEquity and liabilities, year-end</td></tr><tr><td /><td>Return on equity</td><td>Profit/loss forthe year excl. non-controlling interests x 100 / Average equity excl.non-controlling interests</td></tr></table></mrv:InformationOnCalculationOfKeyFiguresAndFinancialRatios>
<fsa:CostOfSales contextRef="ctx1" unitRef="vDKK" decimals="-3">4965277000</fsa:CostOfSales>
<fsa:DistributionCosts contextRef="ctx1" unitRef="vDKK" decimals="-3">773445000</fsa:DistributionCosts>
<fsa:AdministrativeExpenses contextRef="ctx1" unitRef="vDKK" decimals="-3">91299000</fsa:AdministrativeExpenses>
<fsa:OtherOperatingExpenses contextRef="ctx1" unitRef="vDKK" decimals="-3">404000</fsa:OtherOperatingExpenses>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">354584000</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:OtherFinanceIncome contextRef="ctx1" unitRef="vDKK" decimals="-3">0</fsa:OtherFinanceIncome>
<fsa:OtherFinanceExpenses contextRef="ctx1" unitRef="vDKK" decimals="-3">3810000</fsa:OtherFinanceExpenses>
<fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="ctx1" unitRef="vDKK" decimals="-3">350774000</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
<fsa:TaxExpenseOnOrdinaryActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">79292000</fsa:TaxExpenseOnOrdinaryActivities>
<fsa:DividendPaid contextRef="ctx1" unitRef="vDKK" decimals="-3">284800000</fsa:DividendPaid>
<fsa:InformationOnOperatingSegmentsAndGeographicalMarkets 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="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td colspan="4"></td></tr><tr><td width="10%" colspan="1" align="center" valign="middle" >Note</td><td width="66%" colspan="1" align="center" valign="middle" >Noter</td><td width="12%" colspan="1" align="center" valign="middle" ></td><td width="12%" colspan="1" align="center" valign="middle" ></td></tr><tr><td colspan="4"></td></tr><tr><td width="10%" ></td><td width="90%" colspan="3" align="left" valign="middle" >Segment information.</td></tr><tr><td width="10%" ></td><td width="90%" colspan="3" align="left" valign="middle" >DKK'000</td></tr><tr><td width="10%" ></td><td width="66%" ></td><td width="12%" colspan="1" align="left" valign="middle" >2020/21</td><td width="12%" colspan="1" align="left" valign="middle" >2019/20</td></tr><tr><td width="10%" ></td><td width="66%" colspan="1" align="left" valign="middle" >Products</td><td width="12%" align="right" valign="middle" >2207594</td><td width="12%" align="right" valign="middle" >1696678</td></tr><tr><td width="10%" ></td><td width="66%" colspan="1" align="left" valign="middle" >Service and other</td><td width="12%" align="right" valign="middle" >2989256</td><td width="12%" align="right" valign="middle" >1674692</td></tr><tr><td width="10%" ></td><td width="66%" colspan="1" align="left" valign="middle" >Commission income</td><td width="12%" align="right" valign="middle" >800576</td><td width="12%" align="right" valign="middle" >802842</td></tr><tr><td width="10%" ></td><td width="66%" colspan="1" align="left" valign="middle" >Consultancy income</td><td width="12%" align="right" valign="middle" >187583</td><td width="12%" align="right" valign="middle" >183801</td></tr><tr><td width="10%" ></td><td width="66%" ></td><td width="12%" align="right" valign="middle" >6185009</td><td width="12%" align="right" valign="middle" >4358013</td></tr><tr><td colspan="4"></td></tr></table></fsa:InformationOnOperatingSegmentsAndGeographicalMarkets>
<fsa:WagesAndSalaries contextRef="ctx1" unitRef="vDKK" decimals="-3">620519000</fsa:WagesAndSalaries>
<fsa:PostemploymentBenefitExpense contextRef="ctx1" unitRef="vDKK" decimals="-3">48431000</fsa:PostemploymentBenefitExpense>
<fsa:SocialSecurityContributions contextRef="ctx1" unitRef="vDKK" decimals="-3">11686000</fsa:SocialSecurityContributions>
<fsa:EmployeeBenefitsExpense contextRef="ctx1" unitRef="vDKK" decimals="-3">680636000</fsa:EmployeeBenefitsExpense>
<fsa:DisclosureOfEmployeeBenefitsExpense 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 /><td /><td>Staff costs are recognised as follows in the financial statements</td></tr><tr><td /><td /><td>Distribution costs.</td><td>647671</td><td>581180</td></tr><tr><td /><td /><td>Administrative expenses.</td><td>32965</td><td>32382</td></tr><tr><td /><td /><td /><td>680636</td><td>613562</td></tr></table></fsa:DisclosureOfEmployeeBenefitsExpense>
<fsa:InformationOnRemunerationOfManagementCategoriesAndSpecialIncentiveProgrammes 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 /><td /><td>By reference to section 98b (3),(ii), ofthe Danish Financial Statements Act, remuneration to management is not disclosed.</td></tr><tr><td /><td /><td>Incentive programmes</td></tr><tr><td /><td /><td>In addition to the performance bonus program, the Company has a stock award program, which also includes the Executive Board.</td></tr><tr><td /><td /><td>The award program comprise of stocks in the ultimative parent company. The Danish Company does not pay for these rights.</td></tr></table></fsa:InformationOnRemunerationOfManagementCategoriesAndSpecialIncentiveProgrammes>
<fsa:OtherInterestIncome contextRef="ctx1" unitRef="vDKK" decimals="-3">0</fsa:OtherInterestIncome>
<fsa:InterestExpenseAssignedToGroupEnterprises contextRef="ctx1" unitRef="vDKK" decimals="-3">1667000</fsa:InterestExpenseAssignedToGroupEnterprises>
<fsa:OtherInterestExpenses contextRef="ctx1" unitRef="vDKK" decimals="-3">2143000</fsa:OtherInterestExpenses>
<fsa:CurrentTaxExpense contextRef="ctx1" unitRef="vDKK" decimals="-3">7585000</fsa:CurrentTaxExpense>
<fsa:AdjustmentsForCurrentTaxOfPriorPeriod contextRef="ctx1" unitRef="vDKK" decimals="-3">71933000</fsa:AdjustmentsForCurrentTaxOfPriorPeriod>
<fsa:AdjustmentsForDeferredTax contextRef="ctx1" unitRef="vDKK" decimals="-3">-226000</fsa:AdjustmentsForDeferredTax>
<fsa:DisclosureOfTaxExpenseOnOrdinaryActivities 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 /><td /><td>Prior year adjustmentfor the deferred tax for the year comprisedspecial item of DKK 531 milion disclosed in Note 9 DeferredTaxAsset, no recognition ofspeical item occurred in currentyear</td></tr></table></fsa:DisclosureOfTaxExpenseOnOrdinaryActivities>
<fsa:DisclosureOfPropertyPlantAndEquipment 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 /><td /><td>Property, plant and equipments</td></tr></table></fsa:DisclosureOfPropertyPlantAndEquipment>
<fsa:AdditionsToPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">15874000</fsa:AdditionsToPropertyPlantAndEquipment>
<fsa:IncreaseDecreaseOfPropertyPlantAndEquipmentThroughTransfers contextRef="ctx1" unitRef="vDKK" decimals="-3">0</fsa:IncreaseDecreaseOfPropertyPlantAndEquipmentThroughTransfers>
<fsa:DisposalsOfPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">2706000</fsa:DisposalsOfPropertyPlantAndEquipment>
<fsa:DepreciationOfPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">10164000</fsa:DepreciationOfPropertyPlantAndEquipment>
<fsa:ReversalsOfImpairmentLossesAndDepreciationOfDisposedPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">2240000</fsa:ReversalsOfImpairmentLossesAndDepreciationOfDisposedPropertyPlantAndEquipment>
<fsa:TransferImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">0</fsa:TransferImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment>
<fsa:InformationOnProvisionsForDeferredTax 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="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deferred tax</td></tr><tr><td width="66%" colspan="1" align="left" valign="middle" >DKK'000</td><td width="16%" colspan="1" align="left" valign="middle" >2020/21</td><td width="18%" colspan="1" align="left" valign="middle" >2019/20</td></tr><tr><td width="66%" colspan="1" align="left" valign="middle" >Deffered tax 1 july</td><td width="16%" align="right" valign="middle" >471202</td><td width="18%" align="right" valign="middle" >3211</td></tr><tr><td width="66%" colspan="1" align="left" valign="middle" >Adjustment of the deffered tax charge for the year</td><td width="16%" align="right" valign="middle" >-71934</td><td width="18%" align="right" valign="middle" >455970</td></tr><tr><td width="66%" colspan="1" align="left" valign="middle" >Adjustment of the deffered tax charge for the prior year</td><td width="16%" align="right" valign="middle" >1</td><td width="18%" align="right" valign="middle" >12021</td></tr><tr><td width="66%" colspan="1" align="left" valign="middle" >Deffered tax 30 June</td><td width="16%" align="right" valign="middle" >399269</td><td width="18%" align="right" valign="middle" >471202</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deffered tax related to</td></tr><tr><td width="66%" colspan="1" align="left" valign="middle" >Intangible assets</td><td width="16%" align="right" valign="middle" >379558</td><td width="18%" align="right" valign="middle" >455472</td></tr><tr><td width="66%" colspan="1" align="left" valign="middle" >Property, plant and equipment</td><td width="16%" align="right" valign="middle" >1124</td><td width="18%" align="right" valign="middle" >696</td></tr><tr><td width="66%" colspan="1" align="left" valign="middle" >Provisions</td><td width="16%" align="right" valign="middle" >885</td><td width="18%" align="right" valign="middle" >825</td></tr><tr><td width="66%" colspan="1" align="left" valign="middle" >Other taxable temporary differences</td><td width="16%" align="right" valign="middle" >17702</td><td width="18%" align="right" valign="middle" >14209</td></tr><tr><td width="66%" ></td><td width="16%" align="right" valign="middle" >399269</td><td width="18%" align="right" valign="middle" >471202</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >In prior year Microsoft Danmark Aps recognized step-up in the value of deferred taxes of DKK 531 million following transition rules of Section 2A of the Danish Corporation Tax Act as a consequence of organizational restructuring registered 1st of July 2019, resulted in a change of the tax status of the company. The tax effect of the step up was recognized in prior year profit and loss and the deferred income tax asset was recognized to the extent that realization of the related tax benefit through future taxable profits was highly probable. The expectations continue for the current year as Microsoft Danmark Aps has a history of being profit-makingcompanyand realizing taxable profits.</td></tr></table></fsa:InformationOnProvisionsForDeferredTax>
<fsa:DisclosureOfOtherProvisions 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="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Noter</td></tr><tr><td width="10%" ></td><td width="67%" ></td><td width="10%" colspan="1" align="left" valign="middle" >2020/21</td><td width="13%" colspan="1" align="left" valign="middle" >2019/20</td></tr><tr><td width="10%" ></td><td width="90%" colspan="3" align="left" valign="middle" >Other provisions</td></tr><tr><td width="10%" ></td><td width="67%" colspan="1" align="left" valign="middle" >Opening balances at 1 July</td><td width="10%" align="right" valign="middle" >3751</td><td width="13%" align="right" valign="middle" >3729</td></tr><tr><td width="10%" ></td><td width="67%" colspan="1" align="left" valign="middle" >Provisions for the year</td><td width="10%" align="right" valign="middle" >270</td><td width="13%" align="right" valign="middle" >261</td></tr><tr><td width="10%" ></td><td width="67%" colspan="1" align="left" valign="middle" >Restoration release</td><td width="10%" align="right" valign="middle" >0</td><td width="13%" align="right" valign="middle" >-239</td></tr><tr><td width="10%" ></td><td width="67%" colspan="1" align="left" valign="middle" >Other provisions at 30 June</td><td width="10%" align="right" valign="middle" >4021</td><td width="13%" align="right" valign="middle" >3751</td></tr><tr><td colspan="4"></td></tr><tr><td width="10%" ></td><td width="90%" colspan="3" align="left" valign="middle" >Other provisions are expected to be payable in</td></tr><tr><td width="10%" ></td><td width="67%" colspan="1" align="left" valign="middle" >>5 years</td><td width="10%" align="right" valign="middle" >0</td><td width="13%" align="right" valign="middle" >3751</td></tr><tr><td colspan="4"></td></tr><tr><td width="10%" ></td><td width="90%" colspan="3" align="left" valign="middle" >Other provisions includes provisions for restoration of leased premises and similar provisions.</td></tr><tr><td colspan="4"></td></tr></table></fsa:DisclosureOfOtherProvisions>
<fsa:DisclosureOfOtherPayables 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="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other payables</td></tr><tr><td width="75%" colspan="1" align="left" valign="middle" >Payroll liabilities</td><td width="12%" align="right" valign="middle" >113167</td><td width="13%" align="right" valign="middle" >110110</td></tr><tr><td width="75%" colspan="1" align="left" valign="middle" >Other payables.</td><td width="12%" align="right" valign="middle" >373934</td><td width="13%" align="right" valign="middle" >338327</td></tr><tr><td width="75%" colspan="1" align="left" valign="middle" >Compensated absence commitment</td><td width="12%" align="right" valign="middle" >64835</td><td width="13%" align="right" valign="middle" >94694</td></tr><tr><td width="75%" colspan="1" align="left" valign="middle" >VAT and other indirect taxes</td><td width="12%" align="right" valign="middle" >288713</td><td width="13%" align="right" valign="middle" >171216</td></tr><tr><td width="75%" ></td><td width="12%" align="right" valign="middle" >840649</td><td width="13%" align="right" valign="middle" >714347</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Non-current other payables due after 30 June 2022</td></tr><tr><td width="75%" colspan="1" align="left" valign="middle" >Compensated absence commitment</td><td width="12%" align="right" valign="middle" >61295</td><td width="13%" align="right" valign="middle" >0</td></tr><tr><td width="75%" ></td><td width="12%" align="right" valign="middle" >61295</td><td width="13%" align="right" valign="middle" >0</td></tr></table></fsa:DisclosureOfOtherPayables>
<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 colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Contractual obligations and contingencies, etc.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other contingent liabilities</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >The Company is covered by the Danish rules on compulsory joint taxation and has joint and several unlimited liability for Danish corporation taxes and withholding taxes on dividends, interest and royalties in the joint taxation unit. At 30 June 2021, the net taxes payable to SKAT by the companies included in the joint taxation amounted to DKK 5,998 thousand. Any subsequent corrections of the taxable income subject to joint taxation or withholding taxes on dividends, etc., may entail that the companies' liability will increase.</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other financial obligations</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other rent and lease liabilities</td></tr><tr><td colspan="3"></td></tr><tr><td width="75%" colspan="1" align="left" valign="middle" >DKK'000</td><td width="12%" colspan="1" align="left" valign="middle" >2020/21</td><td width="13%" colspan="1" align="left" valign="middle" >2019/20</td></tr><tr><td width="75%" colspan="1" align="left" valign="middle" >Rent and lease liabilities</td><td width="12%" align="right" valign="middle" >81254</td><td width="13%" align="right" valign="middle" >100020</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Microsoft Danmark ApS and Microsoft Development Center Copenhagen ApS have entered into a joint contract to lease a shared domicile located in Lyngby north of Copenhagen. The two companies are jointly liable for the 10 year rent commitment,with a remaning obligation amounting to DKK 155 million as of 30 June 2021. Microsoft Danmark ApS is expected to pay 45% of the rent commitment amounted to DKK 70 million, which is part of Other rent and lease liabilities amounted to DKK 81 million as of June 30th.</td></tr><tr><td colspan="3"></td></tr></table></fsa:DisclosureOfContingentLiabilities>
<fsa:ExplanationOfPrepayments 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="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deferred income</td></tr><tr><td colspan="3"></td></tr><tr><td width="75%" ></td><td width="12%" colspan="1" align="left" valign="middle" >2020/21</td><td width="13%" colspan="1" align="left" valign="middle" >2019/20</td></tr><tr><td width="75%" colspan="1" align="left" valign="middle" >Deferred income</td><td width="12%" align="right" valign="middle" >2251498</td><td width="13%" align="right" valign="middle" >2178113</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deferred income, recognised under "Liabilities", DKK 2,251 million (2020: DKK 2,178 million), consists of payments received from customers which cannot be recognised as revenue until in the subsequent financial year.</td></tr><tr><td colspan="3"></td></tr></table></fsa:ExplanationOfPrepayments>
<fsa:DisclosureOfShorttermLiabilities 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="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Prepayments</td></tr><tr><td width="75%" ></td><td width="12%" colspan="1" align="left" valign="middle" >2020/21</td><td width="13%" colspan="1" align="left" valign="middle" >2019/20</td></tr><tr><td width="75%" colspan="1" align="left" valign="middle" >Deferred cost of sales</td><td width="12%" align="right" valign="middle" >2090646</td><td width="13%" align="right" valign="middle" >2025015</td></tr><tr><td width="75%" colspan="1" align="left" valign="middle" >Administrative expenses</td><td width="12%" align="right" valign="middle" >12209</td><td width="13%" align="right" valign="middle" >1218</td></tr><tr><td width="75%" colspan="1" align="left" valign="middle" >Financial expenses</td><td width="12%" align="right" valign="middle" >121</td><td width="13%" align="right" valign="middle" >0</td></tr><tr><td width="75%" colspan="1" align="left" valign="middle" >Deposits</td><td width="12%" align="right" valign="middle" >3111</td><td width="13%" align="right" valign="middle" >0</td></tr><tr><td width="75%" ></td><td width="12%" align="right" valign="middle" >2106087</td><td width="13%" align="right" valign="middle" >2026233</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deferred cost of sales of DKK 2,090 million represents the intercompany element of third party deferred income. In accordance with matching principles, the intercompany element must be recognized in line with the third-party revenue transactions</td></tr></table></fsa:DisclosureOfShorttermLiabilities>
<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 colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Noter</td></tr><tr><td width="9%" ></td><td width="91%" colspan="3" align="left" valign="middle" >Related parties</td></tr><tr><td width="9%" ></td><td width="91%" colspan="3" align="left" valign="middle" >Microsoft Danmark ApS related parties comprise the following</td></tr><tr><td width="9%" ></td><td width="91%" colspan="3" align="left" valign="middle" >Parties exercising control</td></tr><tr><td colspan="4"></td></tr><tr><td width="9%" ></td><td width="41%" colspan="1" align="left" valign="middle" >Related party</td><td width="23%" colspan="1" align="left" valign="middle" >Domicile</td><td width="27%" colspan="1" align="left" valign="middle" >Basis for control</td></tr><tr><td width="9%" ></td><td width="41%" colspan="1" align="left" valign="middle" >Microsoft Ireland Research</td><td width="23%" colspan="1" align="left" valign="middle" >Dublin, Ireland</td><td width="27%" colspan="1" align="left" valign="middle" >Participating interest</td></tr><tr><td colspan="4"></td></tr><tr><td width="9%" ></td><td width="91%" colspan="3" align="left" valign="middle" >Information about consolidated financial statements</td></tr><tr><td colspan="4"></td></tr><tr><td width="9%" ></td><td width="41%" colspan="1" align="left" valign="middle" >Ultimate parents</td><td width="23%" colspan="1" align="left" valign="middle" >Domicile</td><td width="27%" colspan="1" align="left" valign="middle" >Requisitioning of the parent comapny's consolidated financial statements</td></tr><tr><td width="9%" ></td><td width="41%" colspan="1" align="left" valign="middle" >Microsoft Corporation</td><td width="23%" colspan="1" align="left" valign="middle" >Redmond WA USA</td><td width="27%" colspan="1" align="left" valign="middle" >www.microsoft.com</td></tr><tr><td colspan="4"></td></tr><tr><td width="9%" ></td><td width="91%" colspan="3" align="left" valign="middle" >Related party transactions</td></tr><tr><td width="9%" ></td><td width="91%" colspan="3" align="left" valign="middle" >Microsoft Danmark ApS was engaged in the below related party transactions, in addition to dividend distribution and remuneration of management</td></tr><tr><td colspan="4"></td></tr><tr><td width="9%" ></td><td width="41%" colspan="1" align="left" valign="middle" >DKK'000</td><td width="23%" colspan="1" align="right" valign="middle" >2020/21</td><td width="27%" colspan="1" align="right" valign="middle" >2019/20</td></tr><tr><td width="9%" ></td><td width="41%" colspan="1" align="left" valign="middle" >Commission income</td><td width="23%" align="right" valign="middle" >800576</td><td width="27%" align="right" valign="middle" >802842</td></tr><tr><td width="9%" ></td><td width="41%" colspan="1" align="left" valign="middle" >Service fee (Expense)</td><td width="23%" align="right" valign="middle" >-252</td><td width="27%" align="right" valign="middle" >-2906</td></tr><tr><td width="9%" ></td><td width="41%" colspan="1" align="left" valign="middle" >Cost of Sales</td><td width="23%" align="right" valign="middle" >-4965277</td><td width="27%" align="right" valign="middle" >-3221448</td></tr><tr><td width="9%" ></td><td width="41%" colspan="1" align="left" valign="middle" >Sale of property</td><td width="23%" align="right" valign="middle" >345643</td><td width="27%" align="right" valign="middle" >0</td></tr><tr><td width="9%" ></td><td width="41%" colspan="1" align="left" valign="middle" >Receivables from group entities - Short term</td><td width="23%" align="right" valign="middle" >1334278</td><td width="27%" align="right" valign="middle" >1127845</td></tr><tr><td width="9%" ></td><td width="41%" colspan="1" align="left" valign="middle" >Payables to group entities</td><td width="23%" align="right" valign="middle" >747942</td><td width="27%" align="right" valign="middle" >624210</td></tr><tr><td width="9%" ></td><td width="41%" colspan="1" align="left" valign="middle" >Payablesto ultimateparentcompany</td><td width="23%" align="right" valign="middle" >720</td><td width="27%" align="right" valign="middle" >0</td></tr><tr><td colspan="4"></td></tr><tr><td width="9%" ></td><td width="91%" colspan="3" align="left" valign="middle" >During the year an office rent reimbursement was received related to Lyngby. The amount of reimbursementincomereceived was for DKK 19,721 thousand. See note 11 forfurther details</td></tr><tr><td colspan="4"></td></tr><tr><td width="9%" ></td><td width="91%" colspan="3" align="left" valign="middle" >During the year an office rent reimbursement was received related to Lyngby. The amount of reimbursement income received was for DKK 19,607 thousand. See note 12 forfurther details</td></tr><tr><td colspan="4"></td></tr></table></fsa:DisclosureOfOwnership>
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<fsa:FeesForAuditorsPerformingStatutoryAudit contextRef="ctx1" unitRef="vDKK" decimals="-3">321000</fsa:FeesForAuditorsPerformingStatutoryAudit>
<fsa:FeesForAuditorsPerformingOtherAssuranceReports contextRef="ctx1" unitRef="vDKK" decimals="-3">0</fsa:FeesForAuditorsPerformingOtherAssuranceReports>
<fsa:FeesForOtherServicesPerformedByAuditors contextRef="ctx1" unitRef="vDKK" decimals="-3">0</fsa:FeesForOtherServicesPerformedByAuditors>
<fsa:AuditorsFees contextRef="ctx1" unitRef="vDKK" decimals="-3">321000</fsa:AuditorsFees>
<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 /><td /><td>Appropriation of profit</td></tr></table></fsa:DisclosureOfTheManagementsProposedDistributionOfProfitLoss>
<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx1">Ã
rsrapport</gsd:InformationOnTypeOfSubmittedReport>
<gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="ctx1">30700228</gsd:IdentificationNumberCvrOfSubmittingEnterprise>
<gsd:NameOfSubmittingEnterprise contextRef="ctx1" xml:lang="da">EY</gsd:NameOfSubmittingEnterprise>
<gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="ctx1" xml:lang="da">Englandsgade 25</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
<gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="ctx1" xml:lang="da">5000 Odense C</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
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<gsd:PrecedingReportingPeriodStartDate contextRef="ctx1">2019-07-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="ctx1">2020-06-30</gsd:PredingReportingPeriodEndDate>
<cmn:TypeOfAuditorAssistance contextRef="ctx1">Revisionspåtegning</cmn:TypeOfAuditorAssistance>
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<arr:TypeOfModifiedOpinionOnAuditedFinancialStatements contextRef="ctx1">Konklusion</arr:TypeOfModifiedOpinionOnAuditedFinancialStatements>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx2" xml:lang="da">Nana Sejbæk</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx3" xml:lang="da">Benjamin Owen Orndorff</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<fsa:Revenue contextRef="ctx4" unitRef="vDKK" decimals="-3">4358013000</fsa:Revenue>
<fsa:GrossResult contextRef="ctx4" unitRef="vDKK" decimals="-3">290561000</fsa:GrossResult>
<fsa:ProfitLoss contextRef="ctx4" unitRef="vDKK" decimals="-3">740789000</fsa:ProfitLoss>
<fsa:InvestmentInPropertyPlantAndEquipment contextRef="ctx4" unitRef="vDKK" decimals="-3">11008000</fsa:InvestmentInPropertyPlantAndEquipment>
<mrv:OperatingMargin contextRef="ctx4" unitRef="pure" decimals="3">0.067</mrv:OperatingMargin>
<mrv:SolvencyRatio contextRef="ctx4" unitRef="pure" decimals="3">0.254</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx4" unitRef="pure" decimals="2">0.78</mrv:ReturnOnEquity>
<fsa:AverageNumberOfEmployees contextRef="ctx4" unitRef="pure" decimals="0">438</fsa:AverageNumberOfEmployees>
<fsa:Revenue contextRef="ctx5" unitRef="vDKK" decimals="-3">2341336000</fsa:Revenue>
<fsa:GrossResult contextRef="ctx5" unitRef="vDKK" decimals="-3">244673000</fsa:GrossResult>
<fsa:ProfitLoss contextRef="ctx5" unitRef="vDKK" decimals="-3">189985000</fsa:ProfitLoss>
<fsa:InvestmentInPropertyPlantAndEquipment contextRef="ctx5" unitRef="vDKK" decimals="-3">10862000</fsa:InvestmentInPropertyPlantAndEquipment>
<mrv:OperatingMargin contextRef="ctx5" unitRef="pure" decimals="3">0.105</mrv:OperatingMargin>
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<fsa:AverageNumberOfEmployees contextRef="ctx5" unitRef="pure" decimals="0">416</fsa:AverageNumberOfEmployees>
<fsa:Revenue contextRef="ctx6" unitRef="vDKK" decimals="-3">1250136000</fsa:Revenue>
<fsa:GrossResult contextRef="ctx6" unitRef="vDKK" decimals="-3">233727000</fsa:GrossResult>
<fsa:ProfitLoss contextRef="ctx6" unitRef="vDKK" decimals="-3">180618000</fsa:ProfitLoss>
<fsa:InvestmentInPropertyPlantAndEquipment contextRef="ctx6" unitRef="vDKK" decimals="-3">12484000</fsa:InvestmentInPropertyPlantAndEquipment>
<mrv:OperatingMargin contextRef="ctx6" unitRef="pure" decimals="3">0.187</mrv:OperatingMargin>
<mrv:SolvencyRatio contextRef="ctx6" unitRef="pure" decimals="3">0.375</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx6" unitRef="pure" decimals="3">0.275</mrv:ReturnOnEquity>
<fsa:AverageNumberOfEmployees contextRef="ctx6" unitRef="pure" decimals="0">423</fsa:AverageNumberOfEmployees>
<fsa:Revenue contextRef="ctx7" unitRef="vDKK" decimals="-3">1128347000</fsa:Revenue>
<fsa:GrossResult contextRef="ctx7" unitRef="vDKK" decimals="-3">217391000</fsa:GrossResult>
<fsa:ProfitLoss contextRef="ctx7" unitRef="vDKK" decimals="-3">164619000</fsa:ProfitLoss>
<fsa:InvestmentInPropertyPlantAndEquipment contextRef="ctx7" unitRef="vDKK" decimals="-3">4095000</fsa:InvestmentInPropertyPlantAndEquipment>
<mrv:OperatingMargin contextRef="ctx7" unitRef="pure" decimals="3">0.193</mrv:OperatingMargin>
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<fsa:AverageNumberOfEmployees contextRef="ctx7" unitRef="pure" decimals="0">452</fsa:AverageNumberOfEmployees>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx8" xml:lang="da">Net financial expense</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx8" unitRef="vDKK" decimals="-3">-3810000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx9" xml:lang="da">Net financial expense</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx9" unitRef="vDKK" decimals="-3">-4121000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx10" xml:lang="da">Net financial expense</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx10" unitRef="vDKK" decimals="-3">-236000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx11" xml:lang="da">Net financial expense</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx11" unitRef="vDKK" decimals="-3">-1139000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx12" xml:lang="da">Net financial expense</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx12" unitRef="vDKK" decimals="-3">-762000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<fsa:Assets contextRef="ctx13" unitRef="vDKK" decimals="-3">5179243000</fsa:Assets>
<fsa:Equity contextRef="ctx13" unitRef="vDKK" decimals="-3">1211494000</fsa:Equity>
<fsa:FixturesFittingsToolsAndEquipment contextRef="ctx13" unitRef="vDKK" decimals="-3">20984000</fsa:FixturesFittingsToolsAndEquipment>
<fsa:LeaseholdImprovements contextRef="ctx13" unitRef="vDKK" decimals="-3">11037000</fsa:LeaseholdImprovements>
<fsa:PropertyPlantAndEquipment contextRef="ctx13" unitRef="vDKK" decimals="-3">32021000</fsa:PropertyPlantAndEquipment>
<fsa:OtherLongtermReceivables contextRef="ctx13" unitRef="vDKK" decimals="-3">98777000</fsa:OtherLongtermReceivables>
<fsa:NoncurrentDeferredTaxAssets contextRef="ctx13" unitRef="vDKK" decimals="-3">399269000</fsa:NoncurrentDeferredTaxAssets>
<fsa:LongtermInvestmentsAndReceivables contextRef="ctx13" unitRef="vDKK" decimals="-3">498046000</fsa:LongtermInvestmentsAndReceivables>
<fsa:NoncurrentAssets contextRef="ctx13" unitRef="vDKK" decimals="-3">530067000</fsa:NoncurrentAssets>
<fsa:ShorttermTradeReceivables contextRef="ctx13" unitRef="vDKK" decimals="-3">1207562000</fsa:ShorttermTradeReceivables>
<fsa:ShorttermReceivablesFromGroupEnterprises contextRef="ctx13" unitRef="vDKK" decimals="-3">1334278000</fsa:ShorttermReceivablesFromGroupEnterprises>
<fsa:DeferredIncomeAssets contextRef="ctx13" unitRef="vDKK" decimals="-3">2106087000</fsa:DeferredIncomeAssets>
<fsa:ShorttermTaxReceivables contextRef="ctx13" unitRef="vDKK" decimals="-3">1249000</fsa:ShorttermTaxReceivables>
<fsa:CurrentAssets contextRef="ctx13" unitRef="vDKK" decimals="-3">4649176000</fsa:CurrentAssets>
<fsa:ContributedCapital contextRef="ctx13" unitRef="vDKK" decimals="-3">201000</fsa:ContributedCapital>
<fsa:RetainedEarnings contextRef="ctx13" unitRef="vDKK" decimals="-3">939793000</fsa:RetainedEarnings>
<fsa:ProposedDividendRecognisedInEquity contextRef="ctx13" unitRef="vDKK" decimals="-3">271500000</fsa:ProposedDividendRecognisedInEquity>
<fsa:OtherProvisions contextRef="ctx13" unitRef="vDKK" decimals="-3">4021000</fsa:OtherProvisions>
<fsa:LongtermTaxPayables contextRef="ctx13" unitRef="vDKK" decimals="-3">0</fsa:LongtermTaxPayables>
<fsa:OtherLongtermPayables contextRef="ctx13" unitRef="vDKK" decimals="-3">61295000</fsa:OtherLongtermPayables>
<fsa:LongtermLiabilitiesOtherThanProvisions contextRef="ctx13" unitRef="vDKK" decimals="-3">65316000</fsa:LongtermLiabilitiesOtherThanProvisions>
<fsa:ShorttermTradePayables contextRef="ctx13" unitRef="vDKK" decimals="-3">61624000</fsa:ShorttermTradePayables>
<fsa:ShorttermTaxPayables contextRef="ctx13" unitRef="vDKK" decimals="-3">748662000</fsa:ShorttermTaxPayables>
<fsa:ShorttermPayablesToGroupEnterprises contextRef="ctx13" unitRef="vDKK" decimals="-3">0</fsa:ShorttermPayablesToGroupEnterprises>
<fsa:OtherShorttermPayables contextRef="ctx13" unitRef="vDKK" decimals="-3">840649000</fsa:OtherShorttermPayables>
<fsa:ShorttermDeferredIncome contextRef="ctx13" unitRef="vDKK" decimals="-3">2251498000</fsa:ShorttermDeferredIncome>
<fsa:ShorttermLiabilitiesOtherThanProvisions contextRef="ctx13" unitRef="vDKK" decimals="-3">3902433000</fsa:ShorttermLiabilitiesOtherThanProvisions>
<fsa:LiabilitiesOtherThanProvisions contextRef="ctx13" unitRef="vDKK" decimals="-3">3967749000</fsa:LiabilitiesOtherThanProvisions>
<fsa:LiabilitiesAndEquity contextRef="ctx13" unitRef="vDKK" decimals="-3">5179243000</fsa:LiabilitiesAndEquity>
<fsa:PropertyPlantAndEquipmentGross contextRef="ctx13" unitRef="vDKK" decimals="-3">82629000</fsa:PropertyPlantAndEquipmentGross>
<fsa:AccumulatedImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment contextRef="ctx13" unitRef="vDKK" decimals="-3">50608000</fsa:AccumulatedImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment>
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<cmn:NameAndSurnameOfAuditor contextRef="ctx42" xml:lang="da">Kim Gerner Jacobsen</cmn:NameAndSurnameOfAuditor>
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