Assets
| Type | Time | Amount | Unit |
|---|---|---|---|
| ifrs-full:Assets | 2021-12-31 | 24767000000 | dkk |
| ifrs-full:Assets | 2020-12-31 | 20510000000 | dkk |
Revenue
| Type | Start date | End date | Amount | Unit |
|---|---|---|---|---|
| ifrs-full:Revenue | 2021-01-01 | 2021-12-31 | 14951000000 | dkk |
| ifrs-full:Revenue | 2020-01-01 | 2020-12-31 | 14012000000 | dkk |
XML
See the xml submitted here:
XML: http://regnskaber.virk.dk/72170001/amNsb3VkczovLzAzL2EwLzc1L2NkLzYwLzA5ZTQtNDZmZS05YjJjLWMwM2M0M2EyZjFiMA.xml
Separator
The full data:
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<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx-2" id="pp-value-25" xml:lang="en">The Board of Dir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ectors and the Executive Management have today consider<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed and approved the Annual R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eport of Novozymes A/S for the financial year January 1 â Dec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ember 31, 2021. 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In our opinion, the accounting policies used ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e appropriat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e, and the Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>oup<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>â<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>s internal c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ontrols relevant t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eparation and pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>esentation of the Annual Report ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e adequate. The Consolidated Financial Statements and the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ent Company Financial Statements give a true and fair view of the financial position at December 31, 2021 of the Group and the P<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>arent Company and of the results of the Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>oup and the Parent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ompany operations and cons<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>olidated cash ï¬ows f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>or the financial year January 1 â December 31, 2021. In our opinion, Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s Review includes a true and fair account of the development in the operations and financial cir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>cumstances of the Group and the P<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>arent Company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"/>, of the results f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>or the year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, and of the financial position of the Group and the P<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>arent Company as well as a description of the most significant risks and elements of uncertainty facing the Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>oup and the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ent Company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>. Novozymesâ Consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onmental data and the Consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed social and governance data and the relat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed notes have been pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>epar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>dance with the reporting principles of materiality<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"/>, inclusivity<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, responsiveness and the accounting policies. In our opinion, they give a true and fair view of the organisationâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s environmental, s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ocial and governance performance in ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>cor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>dance with these principles. In our opinion, the Annual Report of Novozymes A/S for the financial year January 1 - Dec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ember 31, 2021 identified as NOV<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>OZYMES-2021-12-31.zip has in all material r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>espects been pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>epared in compliance with the ESEF R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>egulation. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e recommend that the Annual Report be adopted at the Annual Shar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eholdersâ Meeting.</sob:StatementByExecutiveAndSupervisoryBoards>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx-2" xml:lang="en">T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"/>o the shareholders of Novozymes A/S </arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx-2" id="pp-value-85" xml:lang="en">Opinion In our opinion, the Consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed Financial Statements give a true and fair view of the Group<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>âs financial position at Dec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ember 31, 2021 and of the results of the Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>oupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s operations and cash ï¬ows for the financial year January 1 t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o December 31, 2021 in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>dance with International Financial Reporting Standar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ds as adopted by the EU and further r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>equir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ements in the Danish Financial Statements Act.Moreover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"/>, in our opinion, the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ent Company Financial Statements give a true and fair view of the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ent Companyâs financial position at December 31, 2021 and of the r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>esults of the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ent Companyâs oper<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ations for the financial year January 1 to December 31, 2021 in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>dance with the Danish Financial Statements Act.In our opinion, the Consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onmental data and the Consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed social and governance data for the financial year January 1 t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o December31, 2021 are pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>epared in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>dance with the accounting policies f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>or the Cons<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>olidated environmental data and the C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>onsolidated social and governance data.Our opinions are c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onsistent with our Audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>orâs Long<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>-form R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eport to the Audit C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ommittee and the Board of Dir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ectors.What we have audited The Consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed Financial Statements of Novozymes A/S, pages 57-65 and 70-120 for the financial year 1 January to 31 December 2021 comprise the cons<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>olidated income stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ement and statement of compr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ehensive income, the consolidated balanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e sheet, the consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed statement of equity<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"/>, the consolidated cash ï¬ow statement and the notes, including significant accounting policies.The Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ent Company Financial Statements of Novozymes A/S, pages 148-161 for the financial year January 1 to December 31, 2021 c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>omprise the income statement, the balance sheet, the statement of equity and the notes, including significant accounting policies.Collectively r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eferred to as the âFinancial Statementsâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"/>.The Consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onmental data and the Consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed social and governance data of Novozymes A/S, pages 66-69 and 121-142, for the financial year January 1 to December 31, 2021 comprise the envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>onmental performance and consolidated data, the s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ocial and governance performance and c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onsolidated data and the relat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed notes, including significant acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ounting policies.These ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e collectively r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eferr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed to as the âEnvironmental, Social and Governanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e Data.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>â</arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx-2" id="pp-value-150" xml:lang="en">Basis for opinion W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e conducted our audit in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>dance with International Standar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ds on Auditing (ISAs) and the additional requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ements applicable in Denmark. Our responsibilities under thos<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e standards and r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>equirements ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e further described in the Auditorâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>s r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>esponsibilities for the audit of the Financial Statements and the Environmental, Social and Governanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e Data section of our r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eport. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e believe that the audit evidence we have obtained is suîcient and appropriat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e to pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ovide a basis for our opinion.Independence W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e are independent of the Group in ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>cor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>dance with the International Ethics Standar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ds Boar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>d for Acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ountantsâ International C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ode of Ethics for Prof<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>essional Accountants (IESBA C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ode) and the additional ethical requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ements applicable in Denmark. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e have also fulfilled our other ethical responsibilities in ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>cor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>dance with these requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ements and the IESBA Code. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"/>o the best of our knowledge and belief<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>, prohibit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed non-audit services r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eferred t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o in Article 5(1) of Regulation (EU) No 537/2014 wer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e not provided. Appointment W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e were appointed auditors of Novozymes A/S for the first time aîer the initial public oî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ering on21 Mar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ch 2001. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e have been reappointed annually by shareholder r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>esolution for a total period of uninterrupted engagement of 21 years including the financial year 2021.</arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:KeyAuditMattersAudit contextRef="ctx-2" id="pp-value-188" xml:lang="en">Key audit matters Key audit matters ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e those matters that, in our prof<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>essional judgment, were of most significance in our audit of the Financial Statements for 2021. These matters wer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e addressed in the context of our audit of the Financial Statements as a whole, and in forming our opinion ther<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eon, and we do not provide a s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eparat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e opinion on these matters.Key audit matterHow our audit address<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed the key audit matt<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>er Revenue r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ecognitionW<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e considered the appr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>opriateness of the Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>oup<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>âs acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ounting policies for r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>evenue r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ecognition and Novozymes has enter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed into various sales agr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eements that ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e subject to interpr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>etation, which assessed complianc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e with applicable accounting standar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ds.increas<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>es the inher<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ent complexity of r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>evenue r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ecognition. A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>dditionally<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, the volume of transactions and W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e assessed applicable information systems and test<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>elevant contr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ols and monitoring contr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ols geographical spr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ead of the Group<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>â<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>s oper<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ations increas<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e complexity<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"/>, including in respect of occurr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ence implemented to ensur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e the occurrence and timing of r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>evenue recognised.and timing of revenue.W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e discussed the judgements related t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o the r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ecognition and classification of r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>evenue with W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e focus on this area because of the significanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e to the C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onsolidated Financial Stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ements, as well as Management. the inherent c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>omplexity in both application of r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>evenue r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ecognition and individual sales agr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eements.W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e performed substantive procedur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>es regar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ding r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eturns, delivery terms and r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ebates in or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>der to ass<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ess Ref<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>er to Note 2.2 the C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onsolidated Financial Stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ements.the principles applied for occurr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ence and timing of revenue. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e applied data analysis in our testing of revenue transactions in or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>der to identify and test transactions outside the or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>dinary transaction ï¬ow<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/> Finally<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, we assessed the adequacy of dis<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>closur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>es r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>elating to the r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>evenue r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ecognition.Acquisitions and Pur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>chase price allocationOur audit proc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>edur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>es included assessing whether the acquisitions met the crit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eria of a business In 2021, Novozymes enter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed into agr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eements to acquir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e Microbiome Labs and Synergia Lif<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e Sciences combination.Pvt. Ltd. A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>cquisitions are non-standar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>d and complex tr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ansactions, which ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e subject to significant W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e assessed and challenged the purchase pric<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e in r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>elation to the assumptions applied f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>or the estimates, including valuation of assets, liabilities, contingent c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onsideration and shar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e purchase valuation, including the share pur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>chase liability<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>. liability<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>.W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e verified the assets and liabilities recognised in the opening balanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e sheet by performing audit W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e focus on this area because of the significant impact on the C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>onsolidated Financial Statement proc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>edur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>es in relation t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o the opening balance.including the fair value assessment of assets and liabilities in the pur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>chase price allocation, which are subject to Management's judgment and assumptions.W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e tested the Purchase Pric<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e Allocation of the acquisitions pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>epar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed by Management.Ref<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>er to Note 3.5 and 3.6 t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o the Consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed Financial Statements.W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e discussed the Purchase Pric<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e Allocation including identification of assets and liabilities with Management and challenged the key assumptions us<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed to determine the fair value of the acquir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed assets and liabilities in the business combinations.W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e involved our valuation specialists in assessing the valuation methodologies used by Management and the fair value of the acquir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed assets and liabilities.Finally<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, we assessed the adequacy of dis<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>closur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>es r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>elating to the business combination.</arr:KeyAuditMattersAudit>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx-2" id="pp-value-198" xml:lang="en">Statement on Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s Review Management is r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>esponsible for M<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>anagementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>s Review<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, pages 3-56 and 162.Our opinion on the Financial Statements and on the Environmental, Social and Governanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e Data does not cover Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s Review<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, and we do not express any f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>orm of assurance conclusion thereon.In connection with our audit of the Financial Statements, our r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>esponsibility is to r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ead Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s Review and, in doing so, consider whether Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s Review is materially inconsistent with the Financial Statements or our knowledge obtained in the audit, or otherwise appears to be materially misstated. Moreover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"/>, we considered whether M<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>anagementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>s Review includes the disclosur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>es requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed by the Danish Financial Statements Act. Based on the work we have performed, in our view<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, Managementâs R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eview is in accordanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e with the Consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed Financial Statements, the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ent Company Financial Statements and the Environmental, Social and Governanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e Data and has been prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed in accordanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e with the requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ements of the Danish Financial Statements Act. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e did not identify any material misstatement in Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s Review<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>.</arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx-2" id="pp-value-230" xml:lang="en">Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s responsibilities for the Financial Statements and the Envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onmental, Social and Governance Data Management is r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>esponsible for the pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eparation of consolidated financial stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ements that give a true and fair view in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>dance with International Financial Reporting Standar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ds as adopted by the EU and further requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ements in the Danish Financial Statements Act and f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>or the preparation of parent c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ompany financial statements that give a true and fair view in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>dance with the Danish Financial Statements Act, and f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>or such internal contr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ol as Management determines is nec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>essary to enable the pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eparation of financial stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ements that are fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ee from material misstatement, whether due to fraud or err<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>.F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>urthermore, Management is r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>esponsible for preparing the Envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>onmental, Social and Governance Data in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>dance with the accounting policies f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>or the Envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onmental, Social and Governance Data, and for such int<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ernal contr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ol as Management determines is nec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>essary to enable the pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eparation of Envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>onmental, Social and Governance Data that ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ee from material misstatement, whether due to fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>aud or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/> error<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"/>.In preparing the Financial Stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ements, Management is r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>esponsible for ass<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>essing the Group<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>âs and the P<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>arent Companyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s ability to continue as a going concern, dis<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>closing, as applicable, matters r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>elated to going c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>oncern and using the going concern basis of acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ounting unless Management either intends to liquidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e the Group or the P<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>arent Company or to c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ease operations, or has no r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ealistic alternative but to do so.</arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx-2" id="pp-value-269" xml:lang="en">Auditorâs r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>esponsibilities for the audit of the Financial Statements and the Envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onmental, Social and Governance DataOur objectives are t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o obtain r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>easonable assuranc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e about whether the Financial Statements and the Environmental, Social and Governanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e Data as a whole are fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ee from material misstatement, whether due to fraud or err<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, and to issue an auditorâs r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eport that includes our opinion.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/> Reasonable assur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ance is a high level of assurance, but is not a guarantee that an audit c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onducted in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>dance with ISAs and the additional requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>om fraud or error and are c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onsider<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed material if<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, individually or in the aggregat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e, they could r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>easonably be expected t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o inï¬uence the economic decisions of users tak<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>en on the basis of these Financial Statements and the Environmental, Social and Governanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e Data.As part of an audit in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>dance with ISAs and the additional requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ements applicable in Denmark, we exercis<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ofessional judgment and maintain prof<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>essional scepticism throughout the audit. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e also: ⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>Identify and assess the risks of material<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/> misstatement of the Financial Statements andthe Environmental, Social and Governanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e Data, whether due to fraud or err<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, design and perform audit pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ocedures r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>esponsive to those risks, and obtain audit evidence that is suîcient and appropriat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e to pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ovide a basis for our opinion. The risk of not detecting a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/> material misstatement r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>esulting from fraud is higher than for one r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>esulting from error<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"/>, as fraud may involve collusion, f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>orgery<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, intentional omissions, misr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>epr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>esentations, or the override of internal contr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ol.⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>Obtain an understanding of internal contr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ol relevant t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o the audit in or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>der to design audit proc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>edur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>es that are appr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>opriate in the circumstanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>es, but not for the purpos<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e of expressing an opinion on the eî<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ectiveness of the Group<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>âs and the P<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>arent Companyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s internalcontr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ol.⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>Evaluate the appr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>opriateness of accounting policies used and the r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>easonableness of accounting estimates and r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>elated disclosures made by Management.⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>Conclude on the appr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>opriateness of Managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s use of the going concern basis of accounting and based on the audit evidenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eobtained, whether a material uncertainty exists relat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed to events or conditions that may cast significant doubt on the Group<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>âs and the Par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ent Companyâs ability t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o continue as a going concern. If we conclude that a mat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>erial uncertainty exists, we ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>equired t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o draw attention in our auditorâs r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eport to the related disclosur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>es in the Financial Statements or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"/>, if such disclosur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>es ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e inadequate, to modify our opinion. Our conclusions ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e based on the audit evidence obtained up to the date of our auditorâs r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eport. However<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, future events or conditions may cause the Gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>oup or the Parent Company to c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ease to c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ontinue as a going concern.⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>Evaluate the over<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>all pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>esentation, structur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e and content of the Financial Statements, including the disclosur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>es, and whether the Financial Statements r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>epr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>esent the underlying transactions and events in a manner that gives a true and fair view<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>.⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>Obtain suîcient appropriat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e audit evidence regar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ding the financial information, environmental, s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ocial and governance of the entities or business activities within the Group to expr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ess an opinion on the Cons<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>olidated Financial Statements and the Envir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onmental, Social and Governance Data. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e are responsible f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>or the direction, supervision and performance of the gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>oup audit. We r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>emain solely r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>esponsible for our audit opinion.W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e communicate with those charged with governance r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>egar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal contr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ol that we identify during our audit.W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e also provide those charged with governance with a statement that we have complied with relevant ethical r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>equirements r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>egar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ding independence, and to communicat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e with them all relationships and other matt<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ers that may reas<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onably be thought to bear on our independence and, wher<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e applicable, actions taken to eliminat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e threats or saf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eguards applied.F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>om the matters communicated with thos<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e charged with governance, we determine those matters that wer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e of most significance in the audit of the Financial Statements of the curr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ent period and are ther<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>efore the k<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ey audit matters. W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e describe these matters in our auditorâs r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eport unless law or regulation pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ecludes public disclosur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e about the matter or when, in extr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>emelyrar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e circumstances, we determine that a matter should not be communicated in our r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eport because the adverse cons<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>equences of doing so would reas<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>onably be expected to outweigh the public inter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>est benefits of such communication. </arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx-2" id="pp-value-389" xml:lang="en">R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eport on complianc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e with the ESEF R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>egulationAs part of our audit of the Financial Statements we performed pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ocedures to expr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ess an opinion<span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/> on whether the annual report of Novozymes A/S for the financial year January 1 t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o December 31, 2021 with the filename NOV<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>OZYMES-2021-12-31.zip is prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed, in all material respects, in compliance with the C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ommission Delegated Regulation (EU) 2019/815 on the Eur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>opean Single<span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/> Electronic F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ormat (ESEF Regulation) which includes requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ements related to the pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eparation of the annual report in XHTML f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ormat and iXBRL<span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/> tagging of the Consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed Financial Statements.Management is r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>esponsible for pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eparing an annual report that c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>omplies with the ESEF Regulation. This r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>esponsibility includes:⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>The preparing of the annual r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eport in XHTML format;⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>The selection and application of appr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>opriate iXBRL tags, including extensions to the ESEF taxonomy and the anchoring thereof t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o elements in the taxonomy<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>, for all financial information r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>equired to be tagged using judgment where nec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>essary;⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _16"/>Ensuring consistency between iXBRL tagged data and the Consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed Financial Statements pres<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ented in human-r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eadable format; and⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>or such internal contr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ol as Management determines necessary to enable the prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ation of an annual report that is compliant with the ESEF Regulation. Our responsibility is t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o obtain r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>easonable assurance on whether the annual r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eport is<span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/> prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed, in all material respects, in complianc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e with the ESEF Regulation based on the evidenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e we have obtained, and to issue a r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eport that includes our opinion. The nature, timing and ext<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ent of proc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>edur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>es selected depend on the auditorâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>s judgment, including the assessment of the risks of material departur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>es fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>om the requir<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ements set out in the ESEF Regulation, whether due to fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>aud or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _a"/> error<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"/>. The procedur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>es include:⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"/>esting whether the annual report is pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>epared in XHTML format;⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>Obtaining an understanding of the companyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>s iXBRL tagging proc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ess and of internal contr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ol over the tagging proc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ess;⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>Evaluating the complet<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>eness of the iXBRL tagging of the Consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ed Financial Statements;⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>Evaluating the appr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>opriateness of the companyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s use of iXBRL elements selected from the ESEF taxonomy and the cr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eation of extension elements wher<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>e no suitable element in the ESEF taxonomy has been identified; ⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>Evaluating the use of anchoring of ext<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>ension elements to elements in the ESEF taxonomy; and⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"/>Reconciling the iXBRL tagged data with the audited Cons<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>olidated Financial Statements.In our opinion, the annual report of Novozymes A/S for the financial year January 1 t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>o December 31, 2021 with the file name NOV<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>OZYMES-2021-12-31.zip is pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>epared, in all material r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>espects, in compliance with the ESEF Regulation.</arr:AuditorsReportOnXbrlTagging>
<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx-2" xml:lang="en">Annual report</gsd:InformationOnTypeOfSubmittedReport>
<cmn:TypeOfAuditorAssistance contextRef="ctx-2" xml:lang="en">Auditor's report on audited financial statements</cmn:TypeOfAuditorAssistance>
<gsd:ToolForPreparingTheXBRLInstanceDocument contextRef="ctx-2" xml:lang="en">ParsePort XBRL Converter</gsd:ToolForPreparingTheXBRLInstanceDocument>
<gsd:ReportingPeriodStartDate contextRef="ctx-2" xml:lang="en">2021-01-01</gsd:ReportingPeriodStartDate>
<gsd:ReportingPeriodEndDate contextRef="ctx-2" xml:lang="en">2021-12-31</gsd:ReportingPeriodEndDate>
<gsd:PrecedingReportingPeriodStartDate contextRef="ctx-2" xml:lang="en">2020-01-01</gsd:PrecedingReportingPeriodStartDate>
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<gsd:IdentificationNumberCvrOfReportingEntity contextRef="ctx-2" xml:lang="en">10007127</gsd:IdentificationNumberCvrOfReportingEntity>
<gsd:AddressOfReportingEntityStreetName contextRef="ctx-2" xml:lang="en">Krogshoejvej</gsd:AddressOfReportingEntityStreetName>
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<gsd:AddressOfReportingEntityDistrictName contextRef="ctx-2" xml:lang="en">Bagsvaerd</gsd:AddressOfReportingEntityDistrictName>
<gsd:AddressOfReportingEntityCountry contextRef="ctx-2" xml:lang="en">Denmark</gsd:AddressOfReportingEntityCountry>
<sob:PlaceOfSignatureOfStatement contextRef="ctx-2" xml:lang="en">Bagsvaerd</sob:PlaceOfSignatureOfStatement>
<sob:DateOfApprovalOfAnnualReport contextRef="ctx-2" xml:lang="en">2022-02-01</sob:DateOfApprovalOfAnnualReport>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-4" xml:lang="en">Ester Baiget</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-4" xml:lang="en">President &amp; CEO</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-5" xml:lang="en">Lars Green</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-5" xml:lang="en">CFO</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-6" xml:lang="en">Jørgen Buhl Rasmussen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
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<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-7" xml:lang="en">Cornelis (Cees) de Jong</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-7" xml:lang="en">Vice Chair</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-8" xml:lang="en">Anne Breum</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-9" xml:lang="en">Heine Dalsgaard</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
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<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-14" xml:lang="en">Kim Stratton</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
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<arr:SignatureOfAuditorsPlace contextRef="ctx-2" xml:lang="en">Hellerup</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx-2" xml:lang="en">2022-02-01</arr:SignatureOfAuditorsDate>
<cmn:NameAndSurnameOfAuditor contextRef="ctx-17" xml:lang="en">Lars Baungaard</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx-17" xml:lang="en">State Authorized Public Accountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx-17" xml:lang="en">mne23331</cmn:IdentificationNumberOfAuditor>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx-17" xml:lang="en">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameOfAuditFirm contextRef="ctx-17" xml:lang="en">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
<gsd:AddressOfAuditorStreetName contextRef="ctx-17" xml:lang="en">Strandvejen</gsd:AddressOfAuditorStreetName>
<gsd:AddressOfAuditorStreetBuildingIdentifier contextRef="ctx-17" xml:lang="en">44</gsd:AddressOfAuditorStreetBuildingIdentifier>
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<gsd:AddressOfAuditorDistrictName contextRef="ctx-17" xml:lang="en">Hellerup</gsd:AddressOfAuditorDistrictName>
<cmn:NameAndSurnameOfAuditor contextRef="ctx-18" xml:lang="en">Michael Groth Hansen</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx-18" xml:lang="en">State Authorized Public Accountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx-18" xml:lang="en">mne33228</cmn:IdentificationNumberOfAuditor>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx-18" xml:lang="en">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameOfAuditFirm contextRef="ctx-18" xml:lang="en">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
<gsd:AddressOfAuditorStreetName contextRef="ctx-18" xml:lang="en">Strandvejen</gsd:AddressOfAuditorStreetName>
<gsd:AddressOfAuditorStreetBuildingIdentifier contextRef="ctx-18" xml:lang="en">44</gsd:AddressOfAuditorStreetBuildingIdentifier>
<gsd:AddressOfAuditorPostCodeIdentifier contextRef="ctx-18" xml:lang="en">2900</gsd:AddressOfAuditorPostCodeIdentifier>
<gsd:AddressOfAuditorDistrictName contextRef="ctx-18" xml:lang="en">Hellerup</gsd:AddressOfAuditorDistrictName>
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