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Report: Sagsnummer X22-BX-24-CP

Report overview

Organization name	Ørsted A/S
CVR number	36213728
Sagsnummer	X22-BX-24-CP
Period	2021-01-01 - 2021-12-31
Pages	30
Words	22103 (that's 0.18 the length of the Odyssey!)
Characters	143597
Sustainability info

Type	Separate report
UN Global Compact CoP	No UN Global Compact record found for this reporting period
Standards mentioned	Not yet analyzed
Text structure

A sparkline graph showing the number of pages, their relative length and how many times the word 'sustainability' occurs in them:
Documents

AARSRAPPORT (application/xml)	Open
AARSRAPPORT (application/xhtml+xml)	Open
AARSRAPPORT_ESEF (application/xml)	Open
ESEF_EXTENSION (application/zip)	Open
Sustainability report

Direct link: https://orstedcdn.azureedge.net/-/media/annual2021/orsted-sustainability-report-2021.ashx?rev=73e095e2b70c4f1e8933aa13a3c8b773&hash=B939532286834825E0676246A4826A70
Extra info

Assets

Type	Time	Amount	Unit
ifrs-full:Assets	2021-12-31	270385000000	dkk
ifrs-full:Assets	2020-12-31	196719000000	dkk
Revenue

Type	Start date	End date	Amount	Unit
ifrs-full:Revenue	2021-01-01	2021-12-31	77673000000	dkk
ifrs-full:Revenue	2020-01-01	2020-12-31	50151000000	dkk
XML

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   <sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx-2" id="pp-value-6" xml:lang="en">The Boar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;d of Dir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ectors and the Ex&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ecutive&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; Boar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;d have t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oday consider&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed and adop&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed the annual r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eport of Ãrst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed A/&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;S f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the finan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;cial year 1 J&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;anuary - 31 December 2&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;021.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; The cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;olidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s have been pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;epared in ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;cor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;dance with the Int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ernational Financial Reporting St&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;andards&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; as adopt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed by the EU and futher r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equirements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; in the Danish Financial St&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;Act.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;The financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements of the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ompany&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;, Ãrst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed A/&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;S, hav&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e been pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;epar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;dance with the Danish Financial St&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;Act.In our opinion, the c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onsolidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements and the parent c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ompan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y finan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;cial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements pro&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;vide a true and f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;air vie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;w of the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oupâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s and the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;yâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s asse&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ts&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;,  &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;liabilities&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, and financial position at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; 31  &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;December 20&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;21, and o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esult&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s of the&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;oup&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s and the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;yâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s oper&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ations and the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;oup&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s cash fl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ws f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the financial year 1 J&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;anuary - 31 December 2&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;021.In our opinion, the management&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;w pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;vides a true and f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;air account o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f the de&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;v&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;elop&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ment in the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;oup&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s and the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;yâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s oper&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ations and financial cir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;cumst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ances,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; of the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ts f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the year&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, and of the o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ver&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;all financial position of the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oup and the parent compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y as well as a des&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;cription o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f the most significant risks and el&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements of unc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ert&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;aint&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;acing the Group and the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;. The management&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;evie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;w has been prepar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed in acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;danc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e with the Danish Financial St&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ct.In our opinion, the annual r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eport for the financial year 1 J&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;anuary - 31 December 2&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;021 with the fil&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/&gt; name &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _50"/&gt; W9NG6WMZIYEU8&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;VEDOG48-&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;2021-&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;12-&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;31-en &lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"&gt; &lt;/span&gt;is pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;epar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed, in al&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;l mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;erial r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;espects&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, in compli&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ance with the ESEF R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;egul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ation. In our opinion, the c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onsolidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed ESG st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ments (â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _43"/&gt;A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;dditional inf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ormationâ) r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;epres&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent a r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;easonabl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e, f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;air&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, and bal&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;anced r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;epres&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;a&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;tion of the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oupâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s social r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esponsibility and sust&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ainabilit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y perf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ormance and ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e prepar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed in acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;danc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e with the st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed accounting policies.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e rec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ommend that the annual r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eport be adopt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed at the annual general mee&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ting.</sob:StatementByExecutiveAndSupervisoryBoards>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-7" xml:lang="en">Thomas Thune Andersen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-7" xml:lang="en">Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-10" id="pp-value-10" xml:lang="en">JÃ¸rgen Kildahl</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-13" id="pp-value-11" xml:lang="en">Henrik Poulsen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-16" id="pp-value-12" xml:lang="en">Ole Henriksen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-8" id="pp-value-13" xml:lang="en">Lene Skole</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-8" id="pp-value-14" xml:lang="en">Deputy Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-11" id="pp-value-15" xml:lang="en">Julia Elizabeth King</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-14" id="pp-value-16" xml:lang="en">Dieter Wemmer</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-17" id="pp-value-17" xml:lang="en">Daniel Tas Sandermann</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-9" id="pp-value-18" xml:lang="en">Lynda Armstrong</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-12" id="pp-value-19" xml:lang="en">Peter Korsholm</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-15" id="pp-value-20" xml:lang="en">Benny GÃ¸bel</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
   <sob:PlaceOfSignatureOfStatement contextRef="ctx-2" id="pp-value-21" xml:lang="en">SkÃ¦rbÃ¦k</sob:PlaceOfSignatureOfStatement>
   <sob:DateOfApprovalOfAnnualReport contextRef="ctx-2" id="pp-value-22" xml:lang="en">2022-02-02</sob:DateOfApprovalOfAnnualReport>
   <cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-4" xml:lang="en">Mads Nipper</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
   <cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-4" id="pp-value-24" xml:lang="en">Group President and CEO</cmn:TitleOfMemberOfExecutiveBoard>
   <cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-5" id="pp-value-25" xml:lang="en">Marianne Wiinholt</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
   <cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-5" xml:lang="en">CFO</cmn:TitleOfMemberOfExecutiveBoard>
   <cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-6" xml:lang="en">Martin Neubert</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
   <cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-6" id="pp-value-28" xml:lang="en">CCO and Deputy Group CEO</cmn:TitleOfMemberOfExecutiveBoard>
   <arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx-2" xml:lang="en">T&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;o the sha&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/&gt;reho&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/&gt;lder&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/&gt;s of Ãrsted A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/&gt;/S</arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
   <arr:OpinionOnAuditedFinancialStatements contextRef="ctx-2" id="pp-value-30" xml:lang="en">In our opinion, the c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onsolidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements give a true and f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;air view o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;oup&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s financial position at 31 December 20&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;21 and of the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ts o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;oup&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s oper&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ations and cash fl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ows f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the financial year 1 &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;January t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o 31 December 2&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;021 in ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;dance with&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; Int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ernational Financial Reporting St&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;andards as&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; adopt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed by the EU and further r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equirements in&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; the Danish Financial St&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;Act.Mor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eo&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ver&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;, in our opinion, the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements give a true and f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;air view&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; of the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent companyâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _43"/&gt;s financial position at 31 December 20&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;21 and o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ts of the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;yâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s oper&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ations f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the financial year 1 J&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;anuary t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o 31 Dec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ember 2021 in ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cord&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ance with the Danish Financial St&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ct.Our opinion is consist&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent with our auditorâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s long-&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;orm r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eport t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o the &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;Audit &amp;amp; Risk Commit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ee and the Boar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;d of Dir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ectors&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;.What we hav&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e audit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;edThe cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;olidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s of Ãrst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed A/&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;S f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;or the financial y&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ear 1 January t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o 31 December 2&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;021,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; pp&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;. 72&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;-&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;150 and 168-&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;169&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, compris&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e the cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;olidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed income st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ement,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; the cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;olidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atement o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f compr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ehen&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;sive inc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ome&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, the consolidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed balanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e sheet,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; the cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;olidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atement o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f changes in equit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, the cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;olidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ash flo&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;w stat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ement, and the not&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es to the c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onsolidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements, including a summary o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f signific&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ant acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ounting policies&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;.The par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y financial stat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements of Ãrst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed A/&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;S f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;or the financial y&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ear 1 January t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o 31 December 20&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;21, pp&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;. 158-&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;169&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, comprise the&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; income st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atement,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; the bal&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ance shee&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t, the st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ement of changes in equity&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;, and the not&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; including a summary of signific&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ant acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ounting policies&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;.Coll&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ectivel&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y re&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;erred t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o as the âfinancial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ementsâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;.</arr:OpinionOnAuditedFinancialStatements>
   <arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx-2" id="pp-value-32" xml:lang="en">W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e conduct&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed our audit in ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;cor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;dance with Int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ernational St&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;andar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ds on Auditing (IS&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;As) and the additional r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;equir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements applic&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;abl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e in Denmark. Our r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esponsibilities under those st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;andar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ds and requir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e further described in the â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _32"/&gt;Auditorâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esponsibilities f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the audit of the financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;sâ section&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; of our r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eport.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e believ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e that the audit e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vidence w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e have obt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ained is sufficient and appropriat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e to pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vide a basis f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or our opinion.IndependenceW&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e are independent o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;oup in acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ord&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ance with the Int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ernational Ethics Standar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ds Boar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;d f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ccount&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;antsâ Int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ernational Code&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; of Ethics f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or Pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;of&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;essional &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;count&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ants (IESB&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; Code&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;) and the additional ethical r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;equir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements applicabl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e in Denmark. W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e have als&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o ful&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;fill&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed our other e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;thical r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esponsibilities in acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;dance&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; with these r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equirement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s and the IESB&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; Code&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;.T&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _43"/&gt;o the best of our kno&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;wl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;edge and belief&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ohibit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed non-audit servic&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es ref&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;err&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o in article 5(1) o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;egul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ation (EU) No 537&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;/2014&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; wer&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e not pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vided.AppointmentW&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e wer&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e first appoint&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed auditors o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f Ãrst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed A/&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;S on 19 April 20&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;10 f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the financial year 2010 and hav&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e been reappoint&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed annuall&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y b&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y shar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ehol&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;der r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esolution f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or a t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;otal unint&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;errupt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed period of engagement o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f 12 years&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, including the financial year 20&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;21. &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;At the annual&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; gener&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;al meeting on 2 Mar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ch 2020&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e wer&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eappoint&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oll&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;wing a t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;endering pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;oc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;edur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;.</arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
   <arr:KeyAuditMattersAudit contextRef="ctx-2" id="pp-value-34" xml:lang="en">K&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y audit mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ers are thos&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ers that, in our pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;of&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;essional judgement, w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;er&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e of mos&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t significanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e in our audit of the financial s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ments f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or 2021.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;These matt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ers wer&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e address&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed in the cont&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ext of our audit o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f the financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements as a whole&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, and in f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;orming our opinion ther&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eon, and w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e do not pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ovide a separ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ate opinion on thes&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ers&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;.K&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y audit matter&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2c1"&gt; &lt;/span&gt;P&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;artnership agreement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s Divestment&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s of o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;wnership inter&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;est&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s in an off&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;shor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e wind f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;arm (farm-do&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;wns) to a partner in a joint oper&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ation, including c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;alcul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ating the divestment gains and subsequent r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ecognition of cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;truction agr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eements and asse&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ssment of c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onsolidation method f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the re&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ained int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;er&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ests&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e considered&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; compl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ex non-r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;outine transactions&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;.As part of f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;arm-downs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ompensation mechanisms ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e oft&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;en agreed with the partners&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;g. r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;egar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ding sal&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es price&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, cost o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f subsequent us&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e of the o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ffshor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e tr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ansmission asset c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;onstructed f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the wind f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;arm, pot&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ential wake and bl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ockage eff&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ect compens&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;a&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;tions, and w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;arranties.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e focus&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed on this ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ea becaus&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;arm-downs and the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;elat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed matt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ers ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onsider&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed compl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ex&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; non-r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;outine tr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ansactions&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, and becaus&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ecog&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;nition and measur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ement of the div&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;estment gain, assessment o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;olidation method, subs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;equent construction agr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eements with the partners, c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;om&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;pensation mechanisms&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, and w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;arrantie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e based on significant judgement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s and estimat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;.Re&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;er to not&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es 1.2 and 2.6 in the cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;olidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;.Ho&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;w our audit addre&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ssed the k&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ey audit mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;erAs part of our audit, w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ead shar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e pur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;chase&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; agr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eements f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;arm-do&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;wns and final se&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;tt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;lement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; agr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;. W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e challenged the ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;counting tr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eatment applied by management,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; including the gain st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atements and the cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;olidation method f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the re&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ained int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;er&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;est in off&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;shore wind f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;arms.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e obtained an unders&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;anding of the c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ompen&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;sation mechanisms and w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;arr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;anties agr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eed in divestment&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s and of the final s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;et&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;tlements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;. W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e challenged the signific&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ant estimat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;epar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed by management f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or measur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ement of c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ompensa&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;tion mechanisms and warr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;anties, her&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eunder b&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y assessing and t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esting the main data, signific&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ant assumptions and models applied, and b&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y evaluat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ing the out&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;come o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;evious e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;stimat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;epar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed b&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y management. K&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y audit matter&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2c1"&gt; &lt;/span&gt;Income T&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _43"/&gt;axesÃrst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed is subject t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o income t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;axes in all the countries wher&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e they oper&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;. Significant&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; judgements and estimat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es are r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;equir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed in det&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ermining the income tax&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es and the measur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ement of inc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ome t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax asset&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s and liabilities&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, including uncert&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ain tax positions&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;. Management mak&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es significant judgment&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s and estimat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es when c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;alcul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ating and assessing the income t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;axes due to the c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ompl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ex nat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e of the t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ax rules r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o the business activities c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onduct&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed in diff&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;erent t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax jurisdictions&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;. Furthermor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e, management mak&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es estimat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es, when measuring the t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax asse&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ts&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, including when and t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o which ext&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent these can be utilised in the fut&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, and when measuring t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax liabilities,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; including assessing&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; def&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;erred t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;axes in tax equit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y partnerships. A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;dditionall&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, Ãrst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed is a party in t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax and tr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ansf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;er pricing disput&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; wher&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e management assess&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es the possible out&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;comes and cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;equentl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y rec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ognise pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ovisions t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o co&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ver f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or these unc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ert&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ain t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax positions.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; In 2020 and 20&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;21, Ãrs&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eceiv&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed administr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ative&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; decisions fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;om the Danish &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;T&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _43"/&gt;ax A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;gency ent&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ailing additional t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax payabl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es and r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;er&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ests&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, which management disput&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es and has appealed t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ele&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;vant authorities.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; On this basis, inc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ome taxes w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;er&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e a mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;er of most&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; significanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e in our audit. Re&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;er to not&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es 1.2, 4.2, and 4.3 in the cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;olidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;.Ho&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;w our audit addre&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ssed the k&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ey audit mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;erFor inc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ome t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;axes&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, inc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ome t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax asse&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ts&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, and liabil&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ities,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; we e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;valuated the assump&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;tions applied b&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y management in det&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ermining the recognition and&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; measur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ement of inc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ome t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;axes and de&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;erred t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;axes&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, including those r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax equit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y partnerships,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; while t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;aking into ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;count r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elev&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ant correspondenc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e with t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax authorities and ext&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ernal advisors. W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e assessed management&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s judgements and estimat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es of t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ax balance&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s and carrying amount&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s as wel&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;l as the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;elat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed applied tax r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es when cal&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;cul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ating these&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;. W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e also assess&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;easona&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;bleness o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f the main dat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;a and assumptions us&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o cal&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;cul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e the t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;axabl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e income f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ecast&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s underl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ying the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ecognition and r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ecov&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;er&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;abilit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y of the def&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;err&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax asse&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ts r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;el&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ating t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax lo&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ss carryf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;orwar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;d.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e evaluat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed and test&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed Ãrstedâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s proc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ess&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ecor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ding, assessing, and continual r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eassessing pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ovisions f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or uncert&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ain tax positions&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;.In our audit of unc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ert&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ain t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax positions,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; we ob&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ained and r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;evie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;wed the corr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;espondence with rel&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;evant t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ax authorities in or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;der t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o consider the c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ompl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;et&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eness of the t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ax disputes and the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;el&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ovisions&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;. W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e assessed the measur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ement of the pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ovisions and chall&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;enged the assumptions us&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed, including the possibilit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y of obt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;aining corr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esponding t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax adjustments&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ompensations fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;om partners, and the lik&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;elihood of diff&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;erent out&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;comes.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; In addition, we&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; assess&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ele&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;vant opinions obt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ained b&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y manage&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ment fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;om thir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;d parties r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;elat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed to the t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ax disputes,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; and we e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;valuated the dis&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;cl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;osur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vided b&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y man&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;agement in the cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;olidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;. In our audit of inc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ome t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;axes&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e inv&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olv&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed our t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ax specialists&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;. </arr:KeyAuditMattersAudit>
   <arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx-2" id="pp-value-39" xml:lang="en">Management is r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esponsibl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or management&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, pp&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;. 4-&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;71.Our opinion on the financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements does not c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ver management&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s re&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;view&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, and we do&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; not e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;xpr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ess an&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;orm of assur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;anc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e conclusion&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; ther&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eon.In connection with our audit o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f the financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements, our r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esponsibility is t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o read man&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;agement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;evie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;w and, in doing so&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, consider whether management&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;evie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;w is mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eriall&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y inconsist&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent with the financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, our&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; kno&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;wledge ob&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ained in the audit, or otherwise appears t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o be mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eriall&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y misst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ated.Mor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eo&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ver&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;, we consider&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed whether manage&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ment&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;evie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;w includes the discl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;osur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es requir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed b&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y the Danish Financial St&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;Act.Based on the w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ork w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e have perf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ormed, in our vie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, management&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;w is in acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;danc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e with the cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;olidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s and the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y financial stat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements and has been pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;epar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed in acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ordance with the&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;equir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f the Danish Financial St&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ments &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;Act. &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e did not identify an&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y material misst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ement in managementâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;. </arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
   <arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx-2" id="pp-value-40" xml:lang="en">Management is r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esponsibl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the prepar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;a&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;tion of c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onsolidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed financial stat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements that give a true and f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;air vie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;w in acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;dance with Int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ernational Financial Reporting St&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;andards&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; as adopt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed by the EU and further r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equire&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ments in the Danish Financial St&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;A&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ct and f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the prepar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ation of par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements that give a true and f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;air vie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;w in acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;danc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e with the Danish Financial St&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;Act,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; and f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or such internal c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ontr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ol as management det&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ermines is necessary t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o enable the pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eparation o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ate&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ments that ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e free fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;om material misst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ate&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ment, whether due t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o fraud or err&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;.  In pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eparing the financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, management is r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esponsibl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or assessing the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;oup&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s and the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;yâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s abilit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o continue as a going c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oncern, discl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;osing, as applicabl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e, mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ters r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o going conc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ern and using the going c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;oncern basis&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; of ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;counting,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; unl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ess management either int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ends t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o liquidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e the Group or the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y or to c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ease oper&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ations or has no r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ealistic al&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ternativ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e but to do so&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;.</arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
   <arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx-2" id="pp-value-42" xml:lang="en">Our objectives ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e to ob&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ain reasonabl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e assur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ance about whe&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ther the financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements as a whole ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e free fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;om material misst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ement, whether due t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;aud or err&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, and t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o issue an audit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;orâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s report that includes&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; our opinion. R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;easonabl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e assurance is a high&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; le&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;vel of assur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ance&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, but is no&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t a guar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ant&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ee that an audit conduct&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed in accor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;dance with ISA&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s and the additional r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;equir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements applic&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;abl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e in Denmark will al&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;way&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s det&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ect a material mis&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ement when it exists&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;. Misst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s can&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; arise fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;om fraud or err&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or and are c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onsider&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;erial if&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, individuall&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y or in the aggregat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; the&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y coul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;d reasonabl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y be expect&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed to influ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ence the ec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onomic decisions of us&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ers t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;aken on the basis of thes&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;.As part of an audit in ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;cor&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;dance with IS&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;As and the additional r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;equir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements applic&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;abl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e in Denmark, w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e ex&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;er&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;cise pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;of&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;essional judgement and maint&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ain pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;of&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;essional sc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;epticism through&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;out the audit. &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e also:â &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4c"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;identify and assess the risk&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s of mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;erial misst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ement of the financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ements&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; whether due t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o fraud or err&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, design and&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; perf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;orm audit proc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;edur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esponsive t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o those risks&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, and obt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ain audit e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vidence that is&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; sufficient and appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;opriat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o pro&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vide a basis f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or our opinion. &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;The risk of no&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t det&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ecting a mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;erial misst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atement r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esulting fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;om fraud&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; is higher than f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or one resul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ting fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;om err&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, as fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;aud may in&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vol&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ve c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;oll&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;usion, f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;orgery&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;, int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;entional omissions,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; misr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;epr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ations,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; or the o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;verride o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ernal c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ontr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;olâ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4c"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;obt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ain an underst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;anding of int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ernal contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ol r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;el&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vant t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o the audit in order t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o design audit pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ocedur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es that are appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;opriate in the&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; cir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;cumst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ances, but no&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the purpose o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f expr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;essing an opinion on the eff&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ectiveness of the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oupâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s and the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;yâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ernal contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;olâ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4c"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;val&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;uat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e the appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;opriat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eness of acc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ounting policies used and the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;easonablene&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ss of ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;counting es&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;timat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es and r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;el&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed dis&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;clo&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;sur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es made b&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y managementâ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4c"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;concl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ude on the appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;opriat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eness of&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; management&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s use of the going c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oncern basis of ac&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;counting and,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; based on the audit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vidence ob&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ained, whe&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ther a mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;erial uncert&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ainty exis&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ts r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o ev&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ents or conditions that may c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ast signific&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ant doubt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; on the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;oup&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;â&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s and the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;yâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s abilit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o continue as a going c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ern. If w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e conclude that a mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;erial uncert&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ainty exist&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; we ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e requir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed to dr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;aw att&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ention in our audit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;orâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s report t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o the rel&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed disclosur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es in the financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, if such discl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;osur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e inadequat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o modify our opinion. Our conclusions ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e based on the audit e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vidence obt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ained up to the dat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e of our audit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;orâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eport. Ho&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ver&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;, futur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vent&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s or c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onditions may caus&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;oup or the par&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ompan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o ceas&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o continue as a going conc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ernâ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4c"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;val&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;uat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e the o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ver&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;all pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esent&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ation, structur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e and cont&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent of the financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; including the discl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;osures&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, and whe&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ther the financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements repr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esent the under&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;l&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ying transactions and e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;vents in a manner&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; that gives a true and f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;air vie&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;wâ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4c"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;obt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ain sufficient appropriat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e audit evidenc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;egar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ding the financial inf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ormation of the entities or business activities within the Gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oup&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _3"/&gt; t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o expr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ess an opinion on the consolidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements. &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esponsibl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or the dir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ection, supervision, and perf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ormance&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; of the gr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;oup audit. W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;emain sol&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ely&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esponsibl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or our audit opinion.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e communicat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e with those char&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ged with go&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vernanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;egarding, among o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ther mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ers&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, the planned s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ope and timing of the audit and significant audit findings&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, including an&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y significant de&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ficiencies in int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ernal control that&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; we identify during our audit.W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e also pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vide those char&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ged with gov&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ern&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ance with a st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atement that w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e have complied with r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;el&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vant e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;thical r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equirement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;egar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ding independence and t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o communicat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e with them all r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;elationships and other mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ters that&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; may r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;easonabl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y be thought t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o bear on our independence and,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; wher&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e applicabl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e, actions&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ak&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;en t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o eliminate thr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eats or saf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eguards&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; applied.Fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;om the matt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ers communicat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed with those char&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ged with go&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vernanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e, w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e det&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ermine those mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ters that w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;er&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e of mo&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;st significanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e in the audit of the financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;atement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s of&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; the curr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ent period and ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e ther&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ef&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e the k&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ey audit mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ers&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;. &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;W&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e describe thes&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ers in our audit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;orâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s report, unl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ess law or r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;egul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ation pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ecludes public discl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;osure about the mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ter&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, or when, in extr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;emel&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e cir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;cumstanc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e det&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ermine that a matt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;er should not be c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;om&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;municat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed in our report bec&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ause the adv&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;erse cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;equence&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s of doing s&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o woul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;d reasonabl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y be expect&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed to out&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;weigh the public int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;er&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;est benefit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s of such c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ommunication.</arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
   <arr:AuditorsReportOnXbrlTagging contextRef="ctx-2" id="pp-value-46" xml:lang="en">As part of our audit o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f the financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ments&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e perf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ormed proc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;edur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es to expr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ess an opinion on whether the annual r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eport of Ãrst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed A/&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;S f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;or the financial y&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ear 1 January t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o 31 December 2&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;021 with the fil&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e name W9NG6&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;WMZIYEU8&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;VEDOG48-&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;20&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;21-&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;12-&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;31-en is pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;epar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed, in al&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;l mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;erial r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;espects&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, in com&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;pliance with the C&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ommission Del&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;egat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed Regul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ation (EU) 2019&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;/&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;815 on the European&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; Single El&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ectronic F&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ormat (ESEF R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;egul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ation) which includes r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;equir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements rel&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ated t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o the pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;epar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ation of the annual r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eport in XHTML&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ormat and iXBRL&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;agging of the c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onsolidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ements.Management is r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esponsibl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or preparing an&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; annual r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eport that complies with the ESEF&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; Regul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ation. &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;This r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esponsibilit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y includes:â &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4c"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eparing the annual r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eport in XHTML&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ormatâ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4c"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;sel&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ecting and applying appr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;opriate&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; iXBRL&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;-t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ags&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;, including e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;xt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ensions t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o the ESEF t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;axonom&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;y and the anchoring thereof t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o element&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s in the t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;axonomy&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;or all financial inf&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ormation requir&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed to be t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;agged using judgement, wher&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e necessaryâ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4c"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;ensuring consis&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ency be&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;tw&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;een iXBRL t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;agged dat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;a and the cons&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;olidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed financial stat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;ments pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;esent&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed in human-r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eadabl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ormat; andâ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4c"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;carrying out such int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ernal contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ol as man&lt;span xmlns="http://www.w3.org/1999/xhtml" class="ls0"&gt;-&lt;/span&gt;agement det&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ermines necessary t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;o enable the pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;epar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ation of an annual r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;eport that is compliant with the ESEF R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;egul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ation.Our r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esponsibilit&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;y is t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o obt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ain reas&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onabl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e assur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ance on whe&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ther the annual r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eport is pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;epar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed, in al&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;l mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;erial r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;espects&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;, in complianc&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e with the ESEF R&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;egulation bas&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed on the e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;vidence w&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e hav&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;e obt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ained and to&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; issue a r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eport that includes our opinion.&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; The natur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;e, timing,&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt; and ext&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ent of pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ocedur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es sel&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ect&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed depend on the auditorâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;s judgement, including the assessment o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f the risks o&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;f mat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;erial departur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;es from the r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;equirement&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;s se&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;t out in the ESEF Regul&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ation, whether due t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;o fr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;aud or err&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;or&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"/&gt;. &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;The pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ocedur&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;es include:â &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4c"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;esting whe&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ther the annual r&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;eport is pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;epar&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ed in XHTML&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; f&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ormatâ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4c"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;obt&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;aining an underst&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;anding of the compan&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;yâ&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;s iXBRL&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; tagging pr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ocess and of int&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ernal contr&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ol ov&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;er the t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;agging proce&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ssâ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4c"&gt; &lt;/span&gt; &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _2e"/&gt;e&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;val&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;uating the compl&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;etene&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;ss of the iXBRL&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt; t&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;agging of the c&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;onsolidat&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ed financial st&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4"/&gt;at&lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/&gt;ementsâ &lt;span xmlns="http://www.w3.org/1999/xhtml" class="_ _4c"&gt; 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   <cmn:NameOfAuditFirm contextRef="ctx-19" xml:lang="en">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
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