Assets
Type | Time | Amount | Unit |
---|
Revenue
Type | Start date | End date | Amount | Unit |
---|
XML
See the xml submitted here:
XML: INVALID
Separator
The full data:
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<ifrs-full:ComprehensiveIncome contextRef="ctx-26" decimals="-6" unitRef="dkk">23000000</ifrs-full:ComprehensiveIncome>
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<ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners contextRef="ctx-4" decimals="-6" unitRef="dkk">-312000000</ifrs-full:IncreaseDecreaseThroughTransactionsWithOwners>
<ifrs-full:Equity contextRef="ctx-8" decimals="-6" unitRef="dkk">736000000</ifrs-full:Equity>
<ifrs-full:Equity contextRef="ctx-11" decimals="-6" unitRef="dkk">-37000000</ifrs-full:Equity>
<ifrs-full:Equity contextRef="ctx-14" decimals="-6" unitRef="dkk">-121000000</ifrs-full:Equity>
<ifrs-full:Equity contextRef="ctx-17" decimals="-6" unitRef="dkk">1045000000</ifrs-full:Equity>
<ifrs-full:Equity contextRef="ctx-20" decimals="-6" unitRef="dkk">329000000</ifrs-full:Equity>
<ifrs-full:Equity contextRef="ctx-6" decimals="-6" unitRef="dkk">1952000000</ifrs-full:Equity>
<ifrs-full:NameOfParentEntity contextRef="ctx-3" xml:lang="en">Solar A/S</ifrs-full:NameOfParentEntity>
<ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory contextRef="ctx-3" id="pp-value-33-1" xml:lang="en">1.1 General ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counting policiesThe c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onsolidated financial statements of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Solar A/S f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or 2022 are pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>esented in acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ordance with the Interna<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>tional Financial Reporting S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tandards (IFRSs<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>)<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> as approv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed by the EU and additional Danish disclosure r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>equirements f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or annual reports of listed c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ompanies and the IFRS e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>xecutive or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>der issued in ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>cordance with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the Danish Financial Sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tements Act.The c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onsolidated financial statements ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ve been prepared using the hist<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>orical cost f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ormula wit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>h the ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ception of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> derivative financial instruments and investments in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> equity instruments, which<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> are measur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed at fair<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> value, as well a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s non-current assets and gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>oups of assets held f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>or sale, which<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> are measur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed at the lowest value of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> the book value bef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ore changes in cla<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ssification or f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>air valueless sales costs.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> The ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counting policies described below hav<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e been applied c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onsistently in the financial ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ar and to the c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>omparative figures.Implementation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of new financial r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>eport-ing standardsNo additional standards ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ve been implemented in 2022 only amendment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s and improvements to existing standar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ds. These changes ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ve no impacton Solarâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ounting policies. Present<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> curr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ency The annual r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>epor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t is presented in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> Danish k<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>roner rounded off t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>o the nearest 1,000,000 Danish kroner<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7c"/>. Danish<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> kroner is the par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ent companyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>s f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>unctional currency<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7c"/>.T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ranslation of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> for<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>eign currenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>y items A f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>unctional currency<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> has been se<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t for<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> each reporting group entity<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>he f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>unctional currencies are the cur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rencies used in the primary economic environments in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> which each individual reporting entity operat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>es. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ransactions in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> other currencies than the f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>unctional curr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ency are consider<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed transactions in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> for<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>eign currencies.T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ransactions in f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>oreign cur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rency are tr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>anslated at first r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ecognition<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> to the f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>unctional currenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>y at the ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>change rate prev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ailing at the date of the transaction.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Diff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erences betw<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>een the exchange rate pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>evailing on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the date of the transa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ction and the ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>change rate on the pa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>yment date are recognised in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the income statement a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s items under financial inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ome and expenses. All monetary it<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ems in f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>oreign currencies t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>hat have no<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>t been settled on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the balance sheet date are translat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed into the f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>unctional currencies using the ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>change rates on the balanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e sheet date.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> Any diff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erence be<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tween the e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xchange rate prev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ailing on the date of the tr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ansaction and the balance sheet da<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>te ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>change rate are rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ognised in the inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ome statement as items under<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> financial income and e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xpenses. When rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ognising entities with diff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erent f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>unctional currencies than Danish<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> kroner in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed financial statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s, the income statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s are translated at the e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>xchange rate pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>evailing on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the date of the transa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ction and balance sheet it<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ems are translated at the balance sheet da<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>te ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>change rates. <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>The average rate of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> exchange f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>or the individual months is used as ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>change rate pre<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>vailing on the da<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>te of the transaction<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> when this does not result in a considerably<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> differ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ent presentation. Ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>change rate diff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>erences,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> from<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> translation of t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>hese entitiesâ equity at the beginning of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the year at the balance shee<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t date exchange r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ates and in c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onnection with the transla<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>tion of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> income statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s from the e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xchange rate pre<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>vailing at the date of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> transaction to the balanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e sheet date ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>change rates, are r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ecognised directly in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> other comprehensiv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e income as a separate r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>eserve f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>oreign cur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rency translation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> adjustments. When translating inv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>estments in associates with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> a f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>unctional currency<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> other t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>han Danish k<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>roner in the consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed financial statement, the gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>oupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>s share of c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>omprehensive income is tr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>anslated at the av<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erage exchange r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ates and the share of equity<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, including goodwill, is tr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>anslated at the ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>change rate on the balanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e sheet date. The e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xchange rate diff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>erence resulting f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>rom the translation of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the share of f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>oreign associatesâ equity at the beginning of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the year at t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>he ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>change rate on the balanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e sheet date and the translation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of the share of c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>omprehensive income f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rom the av<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>erage e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xchange rates to the ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>change rate prev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ailing on the balanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e sheet date is rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ognised in other c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>omprehensive income and present<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed in a separate reserv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>oreign cur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rency translation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> adjustments under equity<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>. The cum<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ulative currenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>y translation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> adjustment is rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ycled to the income stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ement upon disposal of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the investment.C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onsolidated financial st<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>atementsThe c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onsolidated financial statements include thefinancial statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s of the parent company Solar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> A/S and subsidiaries in which<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Solar A/S has powerover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> the investee,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> exposure to variable r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>eturns and the ability to use it<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s power over<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the investee to aff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ect the re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>turns.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> The consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed financial statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s have been prepar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed as an aggregation of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the parent company and the individual subsidiariesâ financial statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s and in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>dance with the gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>oupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>s acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ounting policies. Interc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ompany revenue,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> other interc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ompany operating items, int<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ercompany<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> balances,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> profit and loss from tr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ansactions betw<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>een the consolidated entities a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s well as internal equit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>y investments ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e eliminated. Entities over<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> which the group has signific<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ant influence but not c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ontrol over oper<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ational and financial decisions are classified as a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ssociates. Significant influenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e typically exists when<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the group directly<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> or indirectly holds more than<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> 20% of v<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>oting rights,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> but less than 50%. Howe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ver<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>, f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or each inv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>estment an individual assessment on the classification<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> will be perf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ormed. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he assessment will be based on our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> par<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t of the v<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>oting rights and our repr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>esentation on Board of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Directors.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> If such<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> an assessment concludes that w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e have insignificant influenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e then the investment is classified as other<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> non-current asset<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s. The group<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>â<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s share of t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>he associatesâ ear<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nings after t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ax and the elimina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>tion of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the proportional share of int<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ernal profit/loss is rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ognised in the income st<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>atement. The gr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>oupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>s share of the associatesâ o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ther comprehensive inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ome is recognised in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> other compr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ehensive income. When obtaining signific<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ant influence over<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> an entity in which<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the group has previously held an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> interest ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counted f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or as a financial a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sset, the f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>air value as of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the date when the group ob<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tainedsignificant influenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e is deemed as cost under the equity method.St<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>atement of c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>omprehensive inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>omeSolar A/S present<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s the statement of comprehensiv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e income in tw<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>o statements. An inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ome statement and a statement of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> comprehensiv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e income that show the y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ear<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>â<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s results and inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ome that f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>orms part of other<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> comprehensiv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e income. Other<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> comprehensiv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e income includes e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xchange rate adjustment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s, adjustments of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> investments in associates and hedging transactions.Ca<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sh flow sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tementThe c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ash flo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>w statement shows c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ash flow distributed on oper<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ating, inv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>esting and financing activities f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>or the year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>, changes in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> cash<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and cash equivalents,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and cash at bank<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and in hand at the beginning and end of the <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>. The eff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ect of cash<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> flow on the ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>quisition and divestment of entities is sho<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>wn separately under<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> cash<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> flow from<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> investing activities.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Cash flo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>w from<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> acquired entities is rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ognised in the cash<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> flow stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ement from the dat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e of acquisition<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> and cash<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> flow from<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> divested entities is rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ognised until the time of div<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>estment. Cash<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> flow from<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> operating activities is deter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>mined using the indirect met<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hod as earnings bef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ore tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> adjusted f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>or non-cash oper<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ating items, changes in wor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>king capital, inter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>est receiv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed and paid, and inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ome tax paid. C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ash flow from<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> investing activities includes payment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s in connection<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> with the acquisition<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and sale of intangibles, pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>oper<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ty<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, plant and equipment and investments,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and acquisition and divestment of entities.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Cash flo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>w from<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> financing activities includes acquisition<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and sale of treasury shar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>es, dividends distribution, incur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rence or repa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>yment of non-cur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rent and current inter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>est-bearing liabilities and instalment on lea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>se liabilities. Cash<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> at bank and in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> hand includes cash holdings and deposits with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> banks.Financial ratiosIn general,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> financial ratios are calculat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed in acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ordance with t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he âRecommendations and Ratiosâ of the Danish<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Finance Society<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>. Earnings per<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> share (EPS) and diluted earnings pershare (EPS-D<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>) are determined in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>dance with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> IAS 33. R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>epor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ting under the ESEF r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>egulationThe C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ommission Delegated R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>egulation (EU) 2019/815 on the Europe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>an Single Electronic For<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>mat (ESEF Regulation) has intr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>oduced a single electronic reporting f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ormat f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or the annual financial reports of issuer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s with securities listed on the E<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>U-regulated mar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ke<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ts. The c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ombination of XHTML f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ormat and iXBRL tagsenables the annual financial reports t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>o be read by both<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> humans and machines, thus en<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>hancing acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>essibility<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, analysis and compar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ability of the inf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ormation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> included in the ann<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ual financial reports. The G<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>roup<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>â<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>s iXBRL tags have been<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> prepared in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ordance with t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he ESEF taxonomy<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, which<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> is included in the ESEF R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>egulation and has been developed ba<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>sed on the IFR<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>S taxonomy published by the IFR<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>S Foundation. The line items in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the consolidated financial statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s are tagged to elements in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he ESEF tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onomy<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>. F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>or financial line items tha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t are not directly defined in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the ESEF taxonomy<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>, an extension<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> to the tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onomy has been created.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Extensions are anchored t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>o elements in the ESEF tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onomy,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> exc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ept f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or extensions that ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e subtotals.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Notes and ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counting policies to the consolidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed financial statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s are block tagged to element<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s in the ESEF tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onomy included in Anne<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>x II of t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>he Regula<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tory T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>echnical Standar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ds (RTS)<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>. If more t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>han one element in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he ESEF tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onomy corr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>esponds to a disclosure,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> then the inf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ormation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> has several ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>gs known as m<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ulti tagging.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> The annual r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>epor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t submitted to the Danish<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Financial Supervisory Authorit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>y (the Officially Appointed Mechanism) consist<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s of the XHTML document together<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> with the technical files,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> all of which are included in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the ZIP file Sola-2022-12-31-en.zip. K<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ey<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> definitionsXHTML (e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>Xtensible Hyper<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ext Mark<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>up Language) is a text-ba<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sed language used to structure and mark up c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ontent such as te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xt, images and hyperlink<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s in documents t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>hat are displa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>yed in a web brow<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ser<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>. iXBRL tags (<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or Inline XBRL tags<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>) are hidden met<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ainf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ormation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> embedded in the sourcecode of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> an XHTML document that enables the conver<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sion of XHTML<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>-f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ormatted inf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ormation into a machine-rea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>dable XBRL data recor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>d using appropriate soft<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ware. A financial reporting tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onomy is an electronic dictionary of business r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>epor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ting elements used to report business data.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> A taxonomy element is an element defined in a t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>axonomy that is used f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or the machine-r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eadable labelling of inf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ormation in an <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>XBRL data record.Description of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> accounting policies in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> notesDescriptions of ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counting policies in the no<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>tes f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>orm part of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the overall description of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> accountingpolicies.These descriptions ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ound in the f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ollowing notes:Note 2.1 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>Segment inf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ormationNote 2.5 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>Income ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xNote 2.6 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>Net profit f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>or the yearNote 3.1 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>Intangible asset<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sNote 3.2 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>Property<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, plant and equipmentNote 3.3 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>L<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>easesNote 3.4 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>AssociatesNote 3.5 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>InventoriesNote 3.6 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>rade receivablesNote 3.7 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>Other pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>visionsNote 4.1 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>Share capit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>alNote <span xmlns="http://www.w3.org/1999/xhtml" class="_ _11"> </span>4.3 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _184"> </span> Interest-bearing <span xmlns="http://www.w3.org/1999/xhtml" class="_ _11"> </span>liabilities <span xmlns="http://www.w3.org/1999/xhtml" class="_ _11"> </span> and maturity st<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>atementNote 5.1 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>Share-based pa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ymentWhen preparing the ann<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ual report in acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ordance with generally<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> applicable principles, management make estimat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>es and assumptions that aff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ect the reported asse<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ts and liabilities. Mana<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>gement base their estima<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tes on historic experienc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e and expect<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ations f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>uture ev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ents. <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>Theref<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ore, a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ctual results ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>y diff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>er from<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> these estimates. The f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ollowing estimates and acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ompanying assessments are deemed ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>terial f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or the preparation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of the financial statement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s: ⢠Impairment test of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> software⢠Inventory writ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e-down⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>Write-down<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or loss on doubtf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ul receiv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ables⢠Def<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erred t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ax a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ssetsThese estimates and a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ssessments are described in the f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ollowing notes:<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Note 2.5 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>Income ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xNote 3.1 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>Intangible asset<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sNote 3.5 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>InventoriesNote 3.6 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>rade receivables1.2 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _36"/>Signific<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ant acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ounting estimat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>es and assessmentsResult<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s and equity are aff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ected by a range of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> financial risks.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> All financial transactions are based on c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ommercial activities, and no speculative transactions are ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>de. Derivative financial instruments ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e solely used f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or hedging of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> financial risks.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> The financial risk<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s are described in the f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ollowing notes:<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Note 3.6 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>rade receivables Note 4.3 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _183"> </span> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _b"/>Interest-bearing liabilities and mat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>urity statement For<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> description of Solarâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s other business relat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed risks and our appr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>oach to risk management,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> see the managementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>s review on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> pages <span xmlns="http://www.w3.org/1999/xhtml" class="fc4">27-31</span>.1.3 Financial risks2.1 Segment inf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ormationSolar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>â<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>s business segments are Installation, Industry and T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>rade and are based on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the customersâ affiliation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> with the segments.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Installation c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>overs installa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>tion of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> electrical, and heating and plumbing produc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ts, while Industry<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> cov<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ers industry<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, offshor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e and marine, and utility and infra<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>structure.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>rade cov<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ers other<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> small areas.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> The three main<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> segments have been identified without aggregation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of operating segments. Segment inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ome and costs include any items that ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e directly attributable to the individual segment and any items that c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>an be reliably alloca<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ted to the individual segment. Non-allocated c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>osts ref<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>er to inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ome and costs relat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed to joint group <span xmlns="http://www.w3.org/1999/xhtml" class="fsc">f<span class="_ _2"/>unctions. Asset<span class="_ _1"/>s and liabilities are </span>not included in segment reporting.DKK million<span xmlns="http://www.w3.org/1999/xhtml" class="_ _185"> </span>Inst<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>allation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _106"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls63 ws9e">Indust<span class="_ _0"/>r<span class="_ _0"/>y<span class="_ _186"> </span>T<span class="_ _2"/>r<span class="_ _0"/>ade<span class="_ _8e"> </span><span class="ls8b wsa6">To<span class="_ _0"/>t<span class="_ _6"/>a<span class="_ _0"/>l</span></span>2022Revenue<span xmlns="http://www.w3.org/1999/xhtml" class="_ _187"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls43 ws53">8<span class="_ _0"/>,<span class="_ _0"/>0<span class="_ _0"/>13<span class="_ _8b"> </span><span class="ls58 ws69">4,<span class="_ _0"/>543<span class="_ _a2"> </span><span class="ls52 ws64">1,<span class="_ _0"/>3<span class="_ _0"/>0<span class="_ _0"/>7<span class="_ _54"> </span></span></span>13<span class="_ _0"/>,<span class="_ _0"/>8<span class="_ _6"/>6<span class="_ _0"/>3</span>Co<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f sa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>le<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _145"> </span>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _ab"/>6<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>13<span xmlns="http://www.w3.org/1999/xhtml" class="_ _df"> </span>-3,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>367<span xmlns="http://www.w3.org/1999/xhtml" class="_ _df"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls58 ws69">-1,038<span class="_ _188"> </span><span class="ls52 ws64">-<span class="_ _0"/>10<span class="_ _0"/>,<span class="_ _0"/>618</span></span>Gross prof<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>it<span xmlns="http://www.w3.org/1999/xhtml" class="_ _189"> </span>1,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>8<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _10e"> </span>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>,1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>7<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>6<span xmlns="http://www.w3.org/1999/xhtml" class="_ _82"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4e ws5f">269<span class="_ _a4"> </span><span class="ls62 ws73">3,245</span></span>Direct cost<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _134"> </span>-272<span xmlns="http://www.w3.org/1999/xhtml" class="_ _97"> </span>-13<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _90"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls47 ws58">-37<span class="_ _9c"> </span><span class="ls42 ws52">-<span class="_ _0"/>4<span class="_ _0"/>42</span></span>Earnings before indirect costs<span xmlns="http://www.w3.org/1999/xhtml" class="_ _e9"> </span>1,5<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>8<span xmlns="http://www.w3.org/1999/xhtml" class="_ _8b"> </span>1,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _83"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls65 ws76">2<span class="_ _0"/>32<span class="_ _a4"> </span><span class="ls7e ws97">2,803</span></span>Indirect cost<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _18a"> </span>-507<span xmlns="http://www.w3.org/1999/xhtml" class="_ _97"> </span>-232<span xmlns="http://www.w3.org/1999/xhtml" class="_ _94"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4a ws5b">-58<span class="_ _96"> </span><span class="ls88 wsa3">-7<span class="_ _0"/>97</span></span>Segment profit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _18b"> </span>1,0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>21<span xmlns="http://www.w3.org/1999/xhtml" class="_ _82"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls7d ws96">8<span class="_ _0"/>11<span class="_ _82"> </span>1<span class="_ _0"/>74<span class="_ _8b"> </span><span class="ls3d ws4d">2,0<span class="_ _0"/>06</span></span>Non<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-alloc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ated cost<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _18c"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4e ws5f">-<span class="_ _0"/>8<span class="_ _0"/>31</span>Earnings before interest<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, tax, depreciation and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> amor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tis<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ation (EBITDA)<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7d"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls7c ws95">1<span class="_ _0"/>,1<span class="_ _0"/>7<span class="_ _0"/>5</span>Depreciation and amortisa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tion<span xmlns="http://www.w3.org/1999/xhtml" class="_ _18d"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls55 ws67">-26<span class="_ _0"/>6</span>Earnings before interest and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ax (EBIT)<span xmlns="http://www.w3.org/1999/xhtml" class="_ _18e"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5c ws6d">909</span>Financials, net incl.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> share of net profit from associates <span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d imp<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>air<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>m<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>en<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t on a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>oc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _18f"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls80 ws99">-<span class="_ _0"/>51</span>Earnings before tax (<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>EB<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>T)<span xmlns="http://www.w3.org/1999/xhtml" class="_ _190"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls7f ws98">858</span><span xmlns="http://www.w3.org/1999/xhtml" class="ffa fs11">Ac<span class="_ _2"/>counting policies</span>The reporting on business segment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s follo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ws the structur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e of Solarâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s internal management reporting to chief operating decision<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> makers,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> the group Executiv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e Board. <span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>The group Ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ecutive Board uses business segmentation when<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> allocating resources and f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ollowing up on result<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s.F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>thermore,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Solar presents the geographic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>al distribution of r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>evenue and non-current a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ssets divided on Denmark,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Sweden, Norwa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, the Netherlands,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Poland, Several mar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>kets (MA<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>G45),<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and Other market<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s. The geographical distribution<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> is based on the business units operating in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>hese geographical are<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>as. MAG45 is included in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he operating segment Industry,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> while Højager Bely<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sning and Solar Polaris are included in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> the operating segment T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>rade.R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>evenueRe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>venue includes goods f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or resale recognised in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the income stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ement if the transf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>er of c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ontrol to the customer ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>cording to the agr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eed delivery ter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ms takes place bef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ore the end of the ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ar and if r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>evenue can be deter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>mined reliably<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>. Rev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>enue is measured ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>clusive VA<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>T and duties charged on behalf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of a third party<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>. All types of disc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ounts allowed are recognised in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> revenue.C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ost of salesC<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ost of sales includes the yearâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s purchases and change in inventory<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> of goods f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or resale.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> This includes shrinkage and any write-down<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> resulting fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>om obsolescence.DKK million<span xmlns="http://www.w3.org/1999/xhtml" class="_ _185"> </span>Inst<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>allation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _106"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls63 ws9e">Indust<span class="_ _0"/>r<span class="_ _0"/>y<span class="_ _186"> </span>T<span class="_ _2"/>r<span class="_ _0"/>ade<span class="_ _8e"> </span><span class="ls8b wsa6">To<span class="_ _0"/>t<span class="_ _6"/>a<span class="_ _0"/>l</span></span>20<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>21Revenue<span xmlns="http://www.w3.org/1999/xhtml" class="_ _192"> </span>7,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _ab"/>9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _a8"> </span>3,920<span xmlns="http://www.w3.org/1999/xhtml" class="_ _8b"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls52 ws64">1,<span class="_ _0"/>0<span class="_ _0"/>3<span class="_ _0"/>5<span class="_ _54"> </span><span class="ls44 ws54">12<span class="_ _0"/>,<span class="_ _0"/>3<span class="_ _6"/>5<span class="_ _6"/>4</span></span>Co<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f sa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>le<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _145"> </span>-5,863<span xmlns="http://www.w3.org/1999/xhtml" class="_ _193"> </span>-2,9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>51<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2f"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls29 ws38">-76<span class="_ _0"/>7<span class="_ _115"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ws53">-<span class="_ _0"/>9,<span class="_ _6"/>5<span class="_ _0"/>8<span class="_ _0"/>1</span>Gross prof<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>it<span xmlns="http://www.w3.org/1999/xhtml" class="_ _189"> </span>1,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>5<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>6<span xmlns="http://www.w3.org/1999/xhtml" class="_ _87"> </span>9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>69<span xmlns="http://www.w3.org/1999/xhtml" class="_ _83"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4e ws5f">26<span class="_ _0"/>8<span class="_ _8b"> </span><span class="ls7b ws94">2<span class="_ _0"/>,77<span class="_ _0"/>3</span></span>Direct cost<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _134"> </span>-242<span xmlns="http://www.w3.org/1999/xhtml" class="_ _97"> </span>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>12<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _90"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls64 ws75">-34<span class="_ _9c"> </span><span class="ls58 ws69">-399</span></span>Earnings before indirect costs<span xmlns="http://www.w3.org/1999/xhtml" class="_ _e9"> </span>1,2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _83"> </span>846<span xmlns="http://www.w3.org/1999/xhtml" class="_ _f6"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4c ws5d">234<span class="_ _a2"> </span><span class="ls7d ws96">2<span class="_ _6"/>,<span class="_ _0"/>3<span class="_ _0"/>74</span></span>Indirect cost<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _194"> </span>-480<span xmlns="http://www.w3.org/1999/xhtml" class="_ _97"> </span>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>11<span xmlns="http://www.w3.org/1999/xhtml" class="_ _90"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls80 ws99">-<span class="_ _0"/>51<span class="_ _2f"> </span><span class="ls53 ws65">-<span class="_ _0"/>742</span></span>Segment profit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _195"> </span>814<span xmlns="http://www.w3.org/1999/xhtml" class="_ _87"> </span>635<span xmlns="http://www.w3.org/1999/xhtml" class="_ _83"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls41 ws51">18<span class="_ _0"/>3<span class="_ _8c"> </span><span class="ls5b ws70">1,6<span class="_ _0"/>3<span class="_ _0"/>2</span></span>Non<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-alloc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ated cost<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _196"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls88 wsa3">-72<span class="_ _0"/>1</span>Earnings before interest<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, tax, depreciation and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> amor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tis<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ation (EBITDA)<span xmlns="http://www.w3.org/1999/xhtml" class="_ _197"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls7d ws96">9<span class="_ _0"/>11</span>Depreciation and amortisa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tion<span xmlns="http://www.w3.org/1999/xhtml" class="_ _18d"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls55 ws67">-23<span class="_ _0"/>9</span>Earnings before interest and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ax (EBIT)<span xmlns="http://www.w3.org/1999/xhtml" class="_ _159"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls7a ws93">672</span>Financials, net incl.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> share of net profit from associates <span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d imp<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>air<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>m<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>en<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t on a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>oc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5b"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5c ws6d">-50</span>Earnings before tax (<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>EB<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>T)<span xmlns="http://www.w3.org/1999/xhtml" class="_ _190"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3d ws4d">6<span class="_ _0"/>22</span>Geographic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>al inf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ormationSolar A/S primarily oper<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ates on the Danish, Sw<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>edish, Norwegian<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and Dutch mark<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ets. In t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he below table, Ot<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>her marke<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ts co<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>vers the remaining mark<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ets, which<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> can be seen in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> the companies o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>verview available on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> page 128. The belo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>w allocation has been<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> made based on t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he productsâ place of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> sale.Adju<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ted EBI<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>TDA <span xmlns="http://www.w3.org/1999/xhtml" class="_ _56"/> Non-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rent DKK million<span xmlns="http://www.w3.org/1999/xhtml" class="_ _d9"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls41 ws51">Revenue</span>organic growth<span xmlns="http://www.w3.org/1999/xhtml" class="_ _a6"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls55 ws67">EBI<span class="_ _0"/>TDA</span>marginassets2022Denmar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>k<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6d"> </span>4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>5<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>11<span xmlns="http://www.w3.org/1999/xhtml" class="_ _198"> </span>11.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _168"> </span>4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>47<span xmlns="http://www.w3.org/1999/xhtml" class="_ _199"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls7 wsb">9.9<span class="_ _19a"> </span><span class="ls78 ws90">2,503</span></span>Sweden<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19b"> </span>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>,761<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"> </span>7.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _171"> </span>226<span xmlns="http://www.w3.org/1999/xhtml" class="_ _15e"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls48 ws59">8.2<span class="_ _e1"> </span><span class="ls43 ws53">19<span class="_ _0"/>2</span></span>Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ay<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19b"> </span>2,278<span xmlns="http://www.w3.org/1999/xhtml" class="_ _198"> </span>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>7.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>5<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19c"> </span>19<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _15e"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5c ws6d">8.5<span class="_ _e1"> </span><span class="ls5a ws6b">220</span></span>The Nether<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>lands<span xmlns="http://www.w3.org/1999/xhtml" class="_ _26"> </span>3,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>320<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a"> </span>16<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _e1"> </span>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>37<span xmlns="http://www.w3.org/1999/xhtml" class="_ _5"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5d ws6e">7.1<span class="_ _171"> </span><span class="ls7e ws97">333</span></span>Poland<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19d"> </span>487<span xmlns="http://www.w3.org/1999/xhtml" class="_ _199"> </span>7.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19e"> </span>22<span xmlns="http://www.w3.org/1999/xhtml" class="_ _165"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls58 ws69">4.5<span class="_ _69"> </span><span class="ls3f ws4f">36</span></span>Sever<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>al markets (MAG<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>45)<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19f"> </span>779<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a"> </span>18<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _69"> </span>40<span xmlns="http://www.w3.org/1999/xhtml" class="_ _15e"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls18 ws24">5<span class="_ _6"/>.1<span class="_ _1a0"> </span><span class="ls5c ws6d">50</span></span>Other market<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a1"> </span>12<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>8<span xmlns="http://www.w3.org/1999/xhtml" class="_ _17f"> </span>3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>.1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _176"> </span>9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _199"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5d ws6e">7.<span class="_ _ab"/>0<span class="_ _1a0"> </span><span class="ls4c ws5d">30</span></span>Eliminatio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ns<span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"> </span>-401<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a2"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">-<span class="_ _166"> </span>0<span class="_ _1a2"> </span>-<span class="_ _b8"> </span><span class="ls52 ws64">-1,<span class="_ _0"/>8<span class="_ _6"/>0<span class="_ _0"/>0</span></span>Solar Group<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a3"> </span>13<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>8<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>6<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _17f"> </span>12<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _15c"> </span>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>,1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>7<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>5<span xmlns="http://www.w3.org/1999/xhtml" class="_ _ac"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls7f ws98">8.5<span class="_ _19a"> </span><span class="ls5b ws70">1,5<span class="_ _0"/>6<span class="_ _0"/>4</span></span>Adju<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ted EBI<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>TDA <span xmlns="http://www.w3.org/1999/xhtml" class="_ _56"/> Non-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rent DKK million<span xmlns="http://www.w3.org/1999/xhtml" class="_ _d9"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls41 ws51">Revenue</span>organic growth<span xmlns="http://www.w3.org/1999/xhtml" class="_ _a6"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls55 ws67">EBI<span class="_ _0"/>TDA</span>marginassets20<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>21Denmar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>k<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a4"> </span>4,04<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _ac"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls7 wsb">9.7<span class="_ _168"> </span></span>399<span xmlns="http://www.w3.org/1999/xhtml" class="_ _ac"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls7 wsb">9.9<span class="_ _84"> </span><span class="ls52 ws64">1,9<span class="_ _0"/>8<span class="_ _0"/>8</span></span>Sweden<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a5"> </span>2,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>665<span xmlns="http://www.w3.org/1999/xhtml" class="_ _165"> </span>4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.7<span xmlns="http://www.w3.org/1999/xhtml" class="_ _e1"> </span>16<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _ac"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5f ws71">6.0<span class="_ _178"> </span><span class="ls5a ws6b">20<span class="_ _0"/>0</span></span>Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ay<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a6"> </span>1,9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _199"> </span>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>.1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _171"> </span>16<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _15e"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4a ws5b">8.3<span class="_ _e1"> </span><span class="ls83 ws9c">17<span class="_ _0"/>7</span></span>The Nether<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>lands<span xmlns="http://www.w3.org/1999/xhtml" class="_ _26"> </span>2,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>879<span xmlns="http://www.w3.org/1999/xhtml" class="_ _e1"> </span>-1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>.4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _168"> </span>13<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>6<span xmlns="http://www.w3.org/1999/xhtml" class="_ _ac"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls61 wsa">4.7<span class="_ _e1"> </span><span class="ls62 ws73">335</span></span>Poland<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19d"> </span>462<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a"> </span>3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>9.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a0"> </span>19<span xmlns="http://www.w3.org/1999/xhtml" class="_ _199"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls18 ws24">4<span class="_ _6"/>.1<span class="_ _1a0"> </span><span class="ls47 ws58">27</span></span>Sever<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>al markets (MAG<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>45)<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19f"> </span>660<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a"> </span>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>7.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _ab"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a0"> </span>30<span xmlns="http://www.w3.org/1999/xhtml" class="_ _165"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls58 ws69">4.5<span class="_ _69"> </span><span class="ls48 ws59">56</span></span>Other market<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _22"> </span>63<span xmlns="http://www.w3.org/1999/xhtml" class="_ _15e"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls18 ws24">6<span class="_ _6"/>.1<span class="_ _176"> </span><span class="ls0 ws0">7<span class="_ _178"> </span></span>11.1<span class="_ _176"> </span><span class="ls0 ws0">4</span></span>Eliminatio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ns<span xmlns="http://www.w3.org/1999/xhtml" class="_ _10"> </span>-34<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a2"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">-<span class="_ _166"> </span>0<span class="_ _1a2"> </span>-<span class="_ _b8"> </span><span class="ls52 ws64">-<span class="_ _0"/>1,<span class="_ _6"/>37<span class="_ _0"/>2</span></span>Solar Group<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a3"> </span>12<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>5<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _ac"> </span>5.9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _171"> </span>9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>11<span xmlns="http://www.w3.org/1999/xhtml" class="_ _199"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls90 wsaf">7.<span class="_ _ab"/>4<span class="_ _15c"> </span><span class="ls51 ws63">1,415</span></span>DKK million<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a7"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3d ws4d">2022<span class="_ _7e"> </span><span class="ls3e ws4e">20<span class="_ _0"/>21</span></span>Salarie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ages etc.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _132"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls52 ws64">1,<span class="_ _0"/>3<span class="_ _0"/>7<span class="_ _0"/>8<span class="_ _a2"> </span>1,<span class="_ _0"/>2<span class="_ _0"/>8<span class="_ _0"/>2</span>Pensions, def<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ined contribution<span xmlns="http://www.w3.org/1999/xhtml" class="_ _14e"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls45 ws55">111<span class="_ _85"> </span><span class="ls5b ws70">10<span class="_ _0"/>6</span></span>Co<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ela<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed to s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>l se<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>it<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _14e"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls29 ws38">159<span class="_ _85"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ws53">16<span class="_ _6"/>0</span>Share<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>based payment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a8"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">8<span class="_ _25"> </span>4</span>To<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>l<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a9"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5b ws70">1,6<span class="_ _0"/>5<span class="_ _0"/>6<span class="_ _a2"> </span>1,<span class="_ _0"/>5<span class="_ _0"/>5<span class="_ _0"/>2</span>2.2 St<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>aff cost<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sT<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>erms of notic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e for<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> members of the Ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ecutive Board is 12 months. When<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> stepping down, the member<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s of the Ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ecutive Board are entitled to 6 monthsâ r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>emuneration.Nu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>mb<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>er o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f em<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>pl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>oye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s at y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ar-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nd (<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>E<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s)<span xmlns="http://www.w3.org/1999/xhtml" class="_ _103"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls58 ws69">3,0<span class="_ _0"/>43<span class="_ _a2"> </span><span class="ls3c ws61">2,9<span class="_ _0"/>36</span></span>Remuneration of Board<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of DirectorsRemuneration of Board of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> Directors<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1aa"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ffa ls0 ws0">3<span class="_ _25"> </span>3</span>Remuneration of Executive<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> BoardSalarie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ages etc.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _18d"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3d ws4d">22<span class="_ _125"> </span><span class="ls5a ws6b">20</span></span>1Share<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>based payment4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _25"> </span>7To<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>l<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ab"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4e ws5f">26<span class="_ _125"> </span><span class="ls76 ws8f">27</span></span>1) Se<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e no<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te 5<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.1 sha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>se<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d pa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ym<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>en<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>h<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e am<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>oun<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d is t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ot<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>l co<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>la<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d to s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>as<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed p<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ay<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>m<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>en<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.A pa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>his c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>os<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>t is in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ud<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed in f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>na<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nci<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>al e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>pe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ns<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>hic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>h in 2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2 am<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ou<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nt<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o DK<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>K 0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>m (<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>20<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>21: D<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>K<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>K 5<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>m).DKK million<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a7"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3d ws4d">2022<span class="_ _7e"> </span><span class="ls3e ws4e">20<span class="_ _0"/>21</span></span>Buildings<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ac"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5f ws71">28<span class="_ _ea"> </span><span class="ls47 ws58">27</span></span>Plant, opera<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ting equi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>pment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, tools<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and equipment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ad"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ws52">42<span class="_ _1ae"> </span><span class="ls62 ws73">35</span></span>Leasehold improvements<span xmlns="http://www.w3.org/1999/xhtml" class="_ _118"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">5<span class="_ _25"> </span>4</span>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>enanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> lea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>se<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1af"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls50 ws62">91<span class="_ _ea"> </span><span class="ls5c ws6d">86</span></span>Cars<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, lease<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1b0"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls79 ws91">23<span class="_ _ea"> </span><span class="ls3e ws4e">24</span></span>I<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>T eq<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>uip<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>me<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nt<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, l<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>as<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1b1"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0">6<span class="_ _25"> </span>6</span>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>echnical equipment, lease<span xmlns="http://www.w3.org/1999/xhtml" class="_ _13c"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">2<span class="_ _25"> </span>2</span>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ot<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>al depreciation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and write<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>down on propert<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> plant and equipment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _cf"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls40 ws50">197<span class="_ _87"> </span><span class="ls41 ws51">18<span class="_ _0"/>4</span></span>Customer-related ass<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ets<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1b2"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">4<span class="_ _25"> </span>1</span>Sof<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ware<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1b3"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4d ws5e">65<span class="_ _21"> </span><span class="ls70 ws88">54</span></span>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ot<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>al amortisat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> impairment of intangible asset<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1b4"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls49 ws5a">69<span class="_ _ea"> </span><span class="ls7e ws97">55</span></span>Relevant accounting policies<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> are described in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> note 3.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>1, intangible asset<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s, and note 3.2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, proper<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ty, plant and equipment, and note 3.3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, leases<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.DKK million<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a7"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3d ws4d">2022<span class="_ _7e"> </span><span class="ls3e ws4e">20<span class="_ _0"/>21</span></span>Recognised<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> loss<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>es<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1b5"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3e ws4e">26<span class="_ _125"> </span><span class="ls43 ws53">19</span></span>Received on trade receivables previously wri<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tten of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _dc"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls58 ws69">-1<span class="_ _157"> </span><span class="ls55 ws67">-2</span></span>25<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ae"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls8d wsa8">17</span>Change in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rite<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>dow<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>n for<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> bad and doubtf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ul debts<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1b6"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">3<span class="_ _25"> </span>3</span>To<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>l<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ab"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls62 ws73">28<span class="_ _ea"> </span><span class="ls3f ws4f">20</span></span>Relevant accounting policies<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> are described in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> note 3.6<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, trade receivable<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s.2.3 Loss on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> trade rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>eivables<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1b7"> </span>2.4 Depreciation,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> write-down,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> amortisation and impair<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>mentAc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counting policiesT<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ax f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or the y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ear is recognised with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> the share attributable to results f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>or the year in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the income statement and with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the share attributable t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>o other recognised inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ome and costs in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the statement of c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>omprehensive income. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>ax consists of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> current tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> and changes to def<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erred ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>x.Cur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rent tax liabilities and cur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>rent tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> receivables are recognised in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the balance sheet as calculat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed tax on the yearâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s taxable inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ome, adjusted f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or tax on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> previous yearâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>able income and f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or tax paid on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ount.DKK million<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a7"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3d ws4d">2022<span class="_ _7e"> </span><span class="ls3e ws4e">20<span class="_ _0"/>21</span></span>Current tax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _196"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls83 ws9c">176<span class="_ _85"> </span><span class="ls44 ws54">12<span class="_ _0"/>4</span></span>Deferred ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1b8"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls60 ws72">25<span class="_ _94"> </span><span class="ls43 ws53">-<span class="_ _0"/>13</span></span>Tax on p<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t fo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1b9"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3f ws4f">201<span class="_ _85"> </span><span class="ls7d ws96">111</span></span>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axab<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>le profit previous year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _12d"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls58 ws69">-1<span class="_ _94"> </span><span class="ls55 ws67">-20</span></span>Ad<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>jus<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>tm<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>en<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>fe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x fo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>io<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>us y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rs<span xmlns="http://www.w3.org/1999/xhtml" class="_ _ff"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls55 ws67">-2<span class="_ _25"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0">1</span>Change in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>wedish income<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ax rate<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ba"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">0<span class="_ _b3"> </span><span class="ls58 ws69">-1</span></span>To<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>l<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1bb"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls40 ws50">19<span class="_ _0"/>8<span class="_ _1ae"> </span><span class="ls5f ws71">91</span></span>St<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>me<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nt o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ve t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>at<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e:Danish income<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ax rate<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1bc"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3d ws4d">22.0%<span class="_ _df"> </span>22.0%</span>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x base change<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> for non<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>capitalised los<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> subsidiaries<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1bd"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls18 ws24">-<span class="_ _ab"/>0<span class="_ _0"/>.1<span class="_ _0"/>%<span class="_ _a4"> </span><span class="ls58 ws69">-<span class="_ _0"/>4.8%</span></span>Change in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>wedish income<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ax rate<span xmlns="http://www.w3.org/1999/xhtml" class="_ _18a"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5f ws71">0.0%<span class="_ _186"> </span><span class="ls5a ws6b">-0.<span class="_ _0"/>2%</span></span>Non<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axable/<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>deduc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tible items in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> paren<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _13a"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls8a wsa5">0.<span class="_ _0"/>5%<span class="_ _8e"> </span><span class="ls3f ws4f">0.8%</span></span>Non<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>axable/<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>deduc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tible items and d<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>fering tax rates compared to<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> D<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>anish tax rate <span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>in foreign subsidiarie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _116"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3f ws4f">0.<span class="_ _0"/>8%<span class="_ _186"> </span><span class="ls5a ws6b">-0.<span class="_ _0"/>2%</span></span>Tax fo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>io<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>us y<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1be"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls18 ws24">-<span class="_ _ab"/>0<span class="_ _0"/>.1<span class="_ _0"/>%<span class="_ _a4"> </span><span class="ls5f ws71">-<span class="_ _0"/>3.0%</span></span>Ef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ti<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>v<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1bf"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls91 wsb0">2<span class="_ _6"/>3<span class="_ _6"/>.1<span class="_ _0"/>%<span class="_ _115"> </span><span class="ls73 ws8c">14<span class="_ _6"/>.6<span class="_ _0"/>%</span></span>Income tax settledDenmar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>k<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ac"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls72 ws8a">83<span class="_ _21"> </span><span class="ls58 ws69">52</span></span>Sweden<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1c0"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls7e ws97">33<span class="_ _25"> </span><span class="ls0 ws0">7</span></span>Nor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ay<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1c1"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5f ws71">28<span class="_ _ea"> </span><span class="ls5a ws6b">20</span></span>The Nether<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>lands<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1c2"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">3<span class="_ _a6"> </span>-</span>Poland<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1c3"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">3<span class="_ _a6"> </span>-</span>Other countr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ies<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1c4"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">5<span class="_ _25"> </span>2</span>To<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>l<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1bb"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls51 ws63">155<span class="_ _125"> </span><span class="ls8a wsa5">81</span></span>2.5 Income t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>axAc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counting policiesDef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erred ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>x is measured in ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>cordanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e with the balance sheet liability method of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> all temporary diff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erentials betw<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>een acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ounting and tax-related amounts and pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ovisions. Def<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erred tax is r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ecognised at the local ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>x rate t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>hat any temporary diff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erentials are expect<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed to be realised at ba<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>sed on the adopted or e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xpected adopted ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>x legislation on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the balance sheet date.Def<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erred ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>x assets, including the t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ax v<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>alue of ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>x loss allowed f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or car<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ryf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>orward,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> are measur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed at the value at which the asse<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t is expected to be realised,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> either by elimination in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ax of f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>uture earnings or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> by off<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>setting against def<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erred ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>x liabilities.Def<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erred ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>x assets are assessed annually<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> and only recognised t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>o the extent t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hat it is probable that they will be utilised.Def<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erred ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>x is also recognised f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or the co<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>vering of the reta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xation of losses in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> for<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>mer f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>oreign subsidiaries participating<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> in joint ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xation assessed as bec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>oming current.Ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counting estimat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>es and assessmentsDef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erred t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ax<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> assetsDef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erred ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>x assets are not rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ognised if it is not deemed sufficiently saf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e that these can<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> reduce f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>uture ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xable income.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> In this connection, mana<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>gement assess expect<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>uture taxable inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ome.DKK million<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a7"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3d ws4d">2022<span class="_ _108"> </span><span class="ls3e ws4e">20<span class="_ _0"/>21</span></span>Provision for<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> deferred tax1/1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1c5"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls75 ws8e">88<span class="_ _21"> </span><span class="ls3d ws4d">95</span></span>Foreign c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>urrency translat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion ad<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>jus<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1c6"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls55 ws67">-2<span class="_ _1c7"> </span><span class="ls0 ws0">0</span></span>Acquired or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> dives<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ted enterprise<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _131"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">5<span class="_ _1c7"> </span>0</span>Recognised in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> other comprehensive income<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1c8"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">8<span class="_ _1c7"> </span>6</span>Ordinar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y tax recognised in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> income st<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>atement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1c9"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls60 ws72">25<span class="_ _9f"> </span><span class="ls43 ws53">-<span class="_ _0"/>13</span></span>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>otal 31<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>/12<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ca"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls59 ws6a">12<span class="_ _0"/>4<span class="_ _ea"> </span><span class="ls89 wsa4">88</span></span>Specif<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ied as follows:Def<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>err<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x liabilitie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1cb"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls43 ws53">13<span class="_ _0"/>3<span class="_ _87"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ws70">10<span class="_ _0"/>1</span>De<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>er<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x as<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _13b"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls75 ws8e">-9<span class="_ _e7"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ws53">-<span class="_ _0"/>13</span>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ot<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>al deferred tax, net<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1cc"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls59 ws6a">12<span class="_ _0"/>4<span class="_ _ea"> </span><span class="ls89 wsa4">88</span></span>Further specif<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ied as<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ollows:E<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>pe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d us<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>it<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>hi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>n 1 ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _15a"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls82 ws9b">-6<span class="_ _e7"> </span><span class="ls51 ws63">-18</span></span>E<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>pe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d us<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r 1 ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1cd"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ws53">13<span class="_ _0"/>0<span class="_ _83"> </span><span class="ls5b ws70">10<span class="_ _0"/>6</span></span>To<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>l<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> n<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ce"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls59 ws6a">12<span class="_ _0"/>4<span class="_ _ea"> </span><span class="ls89 wsa4">88</span></span>Not recognised in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> balance sheet<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>:De<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>er<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x as<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1cf"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5a ws6b">20<span class="_ _21"> </span><span class="ls79 ws91">23</span></span>De<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>er<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x as<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s no<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>og<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nis<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ala<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e sh<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ee<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he p<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>t o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x lo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ss<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t is n<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t con<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>si<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d su<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nt<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>l<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y ce<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ain t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x lo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>es c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>n be r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>lis<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d wi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>hin a s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ho<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>t ti<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>me f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ra<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>me<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. N<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>co<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>gn<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>is<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>se<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>n in all m<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>l re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>pe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e at<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>tr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ib<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>u<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d to t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x lo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>se<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>h<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e Ne<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>lan<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, wh<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>er<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he n<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>co<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>gn<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>is<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>se<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s m<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ay b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e exe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>is<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>h no ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>it<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>y da<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. In a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>dd<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>it<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>io<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>n<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>fe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ax a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s no<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>co<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>gn<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>is<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>n th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e ba<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>la<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e sh<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ee<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f Cla<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>se<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>n ELG<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>B N<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>V (ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>ti<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>v<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>it<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>y di<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ve<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed in 2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>18) a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nd S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>la<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r De<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ut<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>sc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>hl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d Gm<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>bH (a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ti<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>v<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>it<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>y di<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ve<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed in 2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>15) a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>mo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>un<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d to D<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>KK 8<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>m (DK<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>K 8<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>m) a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e en<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d of t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>h<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e pe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ri<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>od<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.Foreign RecognisedOrdinar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y tax currency Acquired orin o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>errecognisedtranslat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion dives<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tedcomprehensivein incomeDKK million<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c2"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3e ws4e">2021</span>adjustmen<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tsenterprise<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>sincomesta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d0"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3d ws4d">2022</span>Proper<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> plant and equ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ipment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d1"> </span>43<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d2"> </span>-1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _166"> </span>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _166"> </span>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _69"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls43 ws53">19<span class="_ _1a0"> </span><span class="ls52 ws64">61</span></span>Inventories<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d3"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls82 ws9b">-4<span class="_ _19f"> </span><span class="ls0 ws0">0<span class="_ _166"> </span>0<span class="_ _166"> </span>0<span class="_ _166"> </span>0<span class="_ _1d2"> </span></span>-4</span>Provisions for<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> loss on receivables<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d4"> </span>-3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _166"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">0<span class="_ _166"> </span>0<span class="_ _166"> </span>0<span class="_ _166"> </span>2<span class="_ _1d2"> </span><span class="ls58 ws69">-1</span></span>Pension obligations<span xmlns="http://www.w3.org/1999/xhtml" class="_ _41"> </span>-1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _166"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">0<span class="_ _166"> </span>0<span class="_ _166"> </span>0<span class="_ _166"> </span>1<span class="_ _166"> </span>0</span>1Other items53<span xmlns="http://www.w3.org/1999/xhtml" class="_ _92"> </span>-1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _166"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">5<span class="_ _166"> </span>8<span class="_ _166"> </span>3<span class="_ _69"> </span><span class="ls87 wsa2">68</span></span>To<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>l<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> n<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d5"> </span>88<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d2"> </span>-2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _166"> </span>5<span xmlns="http://www.w3.org/1999/xhtml" class="_ _166"> </span>8<span xmlns="http://www.w3.org/1999/xhtml" class="_ _69"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls79 ws91">25<span class="_ _e1"> </span><span class="ls59 ws6a">12<span class="_ _0"/>4</span></span>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>) Ot<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>her items particularl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y cover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> int<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>angible asset<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> loss balances in j<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>oint<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ly taxed entities<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.Ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counting policiesDividendsProposed dividends are r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ecognised as a liability at the time of adoption<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of the general meeting.DKK million<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a7"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3d ws4d">2022<span class="_ _108"> </span><span class="ls3e ws4e">20<span class="_ _0"/>21</span></span>Proposed distribution of net profit for the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>:Proposed dividend, parent<span xmlns="http://www.w3.org/1999/xhtml" class="_ _129"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls49 ws5a">329<span class="_ _f6"> </span>329</span>Retained earnings<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d6"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4e ws5f">331<span class="_ _83"> </span><span class="ls5a ws6b">202</span></span>Ne<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>it f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1cb"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5c ws6d">660<span class="_ _f6"> </span><span class="ls7a ws93">531</span></span>1Or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>din<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>y di<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>v<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>id<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>en<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d in DK<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>K p<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>er s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f D<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>K<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>K 10<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>045.0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _186"> </span>45.0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>02E<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ao<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rd<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y d<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>vi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nd in D<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>K<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>K pe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>har<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f DK<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>K 10<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>0-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _a4"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5f ws71">45.00</span>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>) Calculations are<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> based on proposed dividends.2) B<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>as<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>n 2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>1 re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ul<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, an e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ao<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rd<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y d<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>vi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nd w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s pai<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d in H<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>1 20<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.2.6 Net pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ofit f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or the <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>yearAc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counting policiesCust<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>omer-related int<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>angible asset<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sCust<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>omer-related intangible assets a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>cquired in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> connection<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> with business combinations are mea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sured at cost less ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>cumulated amortisation and impairment loss.Cust<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>omer-related intangible assets ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e amor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tised using the straight-line principle over<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the expected usef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ul lif<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e. Typic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ally,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> the amortisation period is 5-7 ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ars.Softw<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>areSoftwar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e is measured at cost less ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>cumulated amortisation and writedown.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Cost includes both<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> direct internal and e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xternal costs.Softwar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e is amor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tised using the straight-line principle over 4-8 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>years. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he basis of amortisation is reduc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ed by any write-down.3.1 Intangible asse<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tsCustomers<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-related DKK millionassets<span xmlns="http://www.w3.org/1999/xhtml" class="_ _186"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls56 ws74">So<span class="_ _0"/>îw<span class="_ _0"/>are<span class="_ _1d8"> </span><span class="ls8b wsa6">To<span class="_ _0"/>t<span class="_ _6"/>a<span class="_ _0"/>l</span></span>2022C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>t 1/<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d9"> </span>234<span xmlns="http://www.w3.org/1999/xhtml" class="_ _de"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3e ws4e">7<span class="_ _0"/>26<span class="_ _de"> </span><span class="ls50 ws62">960</span></span>Foreign c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>urrency translat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion ad<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>jus<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1da"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls43 ws53">-<span class="_ _0"/>13<span class="_ _1db"> </span><span class="ls0 ws0">0<span class="_ _107"> </span></span>-<span class="_ _0"/>13</span>Acquired enterprises<span xmlns="http://www.w3.org/1999/xhtml" class="_ _145"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls3e ws4e">24<span class="_ _1db"> </span><span class="ls0 ws0">0<span class="_ _c6"> </span></span>24</span>Additions during the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _12a"> </span>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _74"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4b ws5c">59<span class="_ _c6"> </span>59</span>Disposals during the year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _185"> </span>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _23"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls58 ws69">-52<span class="_ _23"> </span>-52</span>C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t 3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>1/1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1dc"> </span>245<span xmlns="http://www.w3.org/1999/xhtml" class="_ _de"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls62 ws73">733<span class="_ _de"> </span><span class="ls4b ws5c">978</span></span>Amor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>isation 1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>/1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _119"> </span>231<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1dd"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls76 ws8f">570<span class="_ _de"> </span><span class="ls4c ws5d">801</span></span>Foreign c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>urrency translat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion ad<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>jus<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1da"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls43 ws53">-<span class="_ _0"/>13<span class="_ _1db"> </span><span class="ls0 ws0">0<span class="_ _107"> </span></span>-<span class="_ _0"/>13</span>Amor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>isation during the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _128"> </span>4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c6"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4d ws5e">65<span class="_ _b8"> </span><span class="ls47 ws58">69</span></span>Amor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>isation of abandoned asset<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _101"> </span>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _23"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls58 ws69">-52<span class="_ _23"> </span>-52</span>Amor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tisat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> impairment 31/<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>12<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1de"> </span>222<span xmlns="http://www.w3.org/1999/xhtml" class="_ _de"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls7f ws98">583<span class="_ _1df"> </span><span class="ls78 ws90">805</span></span>Carr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ying amount 31<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>/12<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1e0"> </span>23<span xmlns="http://www.w3.org/1999/xhtml" class="_ _de"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls51 ws63">15<span class="_ _0"/>0<span class="_ _1e"> </span><span class="ls8d wsa8">17<span class="_ _6"/>3</span></span>Remaining<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> amor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tis<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ation period i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>n number<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of years<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1e1"> </span>1-7<span xmlns="http://www.w3.org/1999/xhtml" class="_ _107"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4e ws5f">1-<span class="_ _0"/>8<span class="_ _16c"> </span><span class="ls0 ws0">-</span></span>Customers<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-related DKK millionassets<span xmlns="http://www.w3.org/1999/xhtml" class="_ _186"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls56 ws74">So<span class="_ _0"/>îw<span class="_ _0"/>are<span class="_ _1d8"> </span><span class="ls8b wsa6">To<span class="_ _0"/>t<span class="_ _6"/>a<span class="_ _0"/>l</span></span>20<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>21C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>t 1/<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1b7"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls47 ws58">278<span class="_ _de"> </span>69<span class="_ _0"/>0<span class="_ _1df"> </span><span class="ls50 ws62">96<span class="_ _0"/>8</span></span>Foreign c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>urrency translat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion ad<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>jus<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1e2"> </span>-3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19a"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls58 ws69">-1<span class="_ _19a"> </span><span class="ls82 ws9b">-4</span></span>Additions during the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _12a"> </span>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c6"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4a ws5b">58<span class="_ _b8"> </span>58</span>Disposals during the year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _8d"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls55 ws67">-<span class="_ _0"/>41<span class="_ _107"> </span>-21<span class="_ _23"> </span><span class="ls65 ws76">-<span class="_ _0"/>62</span></span>C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t 3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>1/1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1dc"> </span>234<span xmlns="http://www.w3.org/1999/xhtml" class="_ _de"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4e ws5f">726<span class="_ _de"> </span><span class="ls57 ws68">96<span class="_ _0"/>0</span></span>Amor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>isation 1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>/1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1e3"> </span>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>74<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1dd"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls47 ws58">5<span class="_ _0"/>37<span class="_ _1e"> </span><span class="ls45 ws55">8<span class="_ _0"/>11</span></span>Foreign c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>urrency translat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion ad<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>jus<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1e2"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls64 ws75">-3<span class="_ _1d0"> </span><span class="ls0 ws0">0<span class="_ _15f"> </span></span>-3</span>Amor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>isation during the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _128"> </span>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b8"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls70 ws88">54<span class="_ _b8"> </span><span class="ls48 ws59">55</span></span>Amor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>isation of abandoned asset<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _173"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls55 ws67">-<span class="_ _0"/>41<span class="_ _107"> </span>-21<span class="_ _23"> </span><span class="ls65 ws76">-<span class="_ _0"/>62</span></span>Amor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tisat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> impairment 31/<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>12<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1de"> </span>231<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1dd"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls49 ws5a">570<span class="_ _de"> </span><span class="ls62 ws73">8<span class="_ _0"/>01</span></span>Carr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ying amount 31<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>/12<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1e4"> </span>3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1dd"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls51 ws63">15<span class="_ _0"/>6<span class="_ _1e"> </span>15<span class="_ _0"/>9</span>Remaining<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> amor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tis<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ation period i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>n number<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of years<span xmlns="http://www.w3.org/1999/xhtml" class="_ _ee"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls4e ws5f">1-<span class="_ _0"/>4<span class="_ _23"> </span>1-8<span class="_ _1a"> </span><span class="ls0 ws0">-</span></span>Ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counting policiesImpairment of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> intangible asset<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sThe car<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rying amount of intangible asset<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s is assessed annually to det<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ermine whether there is any<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> indication of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> impairment.When such an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> indication is present, t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he assetâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s reco<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>verable amount is calcula<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ted, which is the highest of the a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ssetâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>s fair v<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>alue less expected costs of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> disposal or value in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> use. V<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>alue in use is calculated as the pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>esent value of e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xpected cash flo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>w from the smallest ca<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sh-generating unit to which<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> the asset belongs.Impairment loss is rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ognised when the carrying amount of an a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sset exc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eeds the assetâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>s recover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>able amount. Impairment loss is rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ognised in the income stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ement.Impairment loss relating t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>o goodwill is not reversed.Impairment on o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ther intangible assets ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e rever<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sed tothe extent t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hat changes have been made to theassumptions and estimates tha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t led to the write-down.Ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counting estimat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>es and assessmentsSoftw<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>areSoftwar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e is evaluated annually f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or indica<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tors of a need f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or impairment.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> If a need to perf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>orm impairment is identified, an impair<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ment test of the softw<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>are is perf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ormed.The impair<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ment test is made on the ba<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sis of diff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erent f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>actors, including t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>he softwar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>s futur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e application, the present value of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the expected cost sa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ving as well as interest and risks.3.2 Property<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>, plant and equipmentPlant<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, operating equipment, Land and tools and Leasehold As<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>set<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s under DKK millionbuildingsequipmentimprovementsconstr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>uction<span xmlns="http://www.w3.org/1999/xhtml" class="_ _15c"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls8b wsa6">To<span class="_ _0"/>t<span class="_ _6"/>a<span class="_ _0"/>l</span>2022C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>t 1/<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1e5"> </span>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>,12<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _168"> </span>580<span xmlns="http://www.w3.org/1999/xhtml" class="_ _69"> </span>56<span xmlns="http://www.w3.org/1999/xhtml" class="_ _e1"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls45 ws55">11<span class="_ _0"/>6<span class="_ _84"> </span><span class="ls29 ws38">1,<span class="_ _0"/>8<span class="_ _0"/>76</span></span>Foreign c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>urrency translat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion ad<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>jus<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span>-20<span xmlns="http://www.w3.org/1999/xhtml" class="_ _ac"> </span>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>17<span xmlns="http://www.w3.org/1999/xhtml" class="_ _57"> </span>-1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _166"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">0<span class="_ _15e"> </span><span class="ls64 ws75">-38</span></span>Additions during the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _95"> </span>10<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>5<span xmlns="http://www.w3.org/1999/xhtml" class="_ _168"> </span>16<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _176"> </span>8<span xmlns="http://www.w3.org/1999/xhtml" class="_ _168"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls44 ws54">12<span class="_ _0"/>2<span class="_ _168"> </span><span class="ls58 ws69">398</span></span>Disposals during the year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1e6"> </span>-1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _16c"> </span>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>16<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>5<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d2"> </span>-6<span xmlns="http://www.w3.org/1999/xhtml" class="_ _16c"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls55 ws67">-23<span class="_ _0"/>1<span class="_ _16d"> </span><span class="ls78 ws90">-<span class="_ _0"/>403</span></span>C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t 3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>1/1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1c8"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5b ws70">1,<span class="_ _0"/>2<span class="_ _0"/>0<span class="_ _0"/>8<span class="_ _168"> </span><span class="ls88 wsa3">5<span class="_ _0"/>61<span class="_ _69"> </span><span class="ls96 wsb5">57<span class="_ _166"> </span><span class="ls0 ws0">7<span class="_ _19a"> </span></span></span></span>1,8<span class="_ _0"/>3<span class="_ _0"/>3</span>Write<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>do<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>wn and depreci<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ation 1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>/1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7d"> </span>482<span xmlns="http://www.w3.org/1999/xhtml" class="_ _e1"> </span>471<span xmlns="http://www.w3.org/1999/xhtml" class="_ _69"> </span>38<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19f"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">0<span class="_ _e1"> </span><span class="ls50 ws62">991</span></span>Foreign c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>urrency translat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion ad<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>jus<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span>-8<span xmlns="http://www.w3.org/1999/xhtml" class="_ _165"> </span>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>15<span xmlns="http://www.w3.org/1999/xhtml" class="_ _57"> </span>-1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _166"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">0<span class="_ _15e"> </span><span class="ls55 ws67">-2<span class="_ _0"/>4</span></span>Write<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>do<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>wn and depreci<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ation during the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1e7"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5f ws71">28<span class="_ _69"> </span></span>42<span xmlns="http://www.w3.org/1999/xhtml" class="_ _166"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">5<span class="_ _166"> </span>0<span class="_ _69"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls77">75</span>Write<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>do<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>wn and depreci<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ation of abandoned<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> ass<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ets<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19"> </span>-1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1a"> </span>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>16<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>5<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d2"> </span>-6<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19f"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">0<span class="_ _17f"> </span><span class="ls83 ws9c">-17<span class="_ _6"/>2</span></span>Write<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>down and depreciation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> 31/1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1e8"> </span>501<span xmlns="http://www.w3.org/1999/xhtml" class="_ _178"> </span>333<span xmlns="http://www.w3.org/1999/xhtml" class="_ _69"> </span>36<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19f"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">0<span class="_ _168"> </span><span class="ls49 ws5a">870</span></span>Carr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ying amount 31<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>/12<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1e9"> </span>707<span xmlns="http://www.w3.org/1999/xhtml" class="_ _e1"> </span>228<span xmlns="http://www.w3.org/1999/xhtml" class="_ _69"> </span>21<span xmlns="http://www.w3.org/1999/xhtml" class="_ _166"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">7<span class="_ _178"> </span><span class="ls57 ws68">96<span class="_ _0"/>3</span></span>Ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counting policiesProperty<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>, plant and equipmentLand and buildings as w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ell as other plant,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> operating equipment, and tools and equipment ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e measured at c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ost less accum<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ulated depreciation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and write-down.C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ost includes the purchase price and c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>osts directly a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ttributable to the ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>quisition until the time when the asset is r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eady f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or use. C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ost of a com<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>bined asset is disaggrega<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ted into separat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> components which<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> are depreciated separately if<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the useful lives of the individual c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>omponents diff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>er<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>.Subsequent expenditur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e, f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or example in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> connection<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> with the replac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ement of components of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> property<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, plant or equipment, is rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ognised in the carrying amount of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the relevant a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sset when it is probable that the incur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rence will result in f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>uture economic benefit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s for<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the group. The replac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed components cea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>se to be recognised in the balance sheet and the c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>arrying amount is transf<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erred to the income st<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>atement. All other gener<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>al repair and maintenance c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>osts are recognised in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the income statement when<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> these are incur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>red.Property<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, plant and equipment are depreciat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed on a straight-line basis over<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> their estimated usef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ul lives which are:⢠Buildings 40 year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s⢠T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>echnical installations 20 year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _56"/>Plant,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> operating equipment, and tools and equipment 2-5 yearsThere ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e a f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ew diff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erences f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>rom the mentioned depreciation periods in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> which useful lif<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>e is estimated as shorter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>. L<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>easehold improvements ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>e depreciated ov<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>er the lease ter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>m, howev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>er<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>, maximum 5 <span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>years.Land is not deprecia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ted.Plant<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, operating equipment, Land and tools and Leasehold As<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>set<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s under DKK millionbuildingsequipmentimprovementsconstr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>uction<span xmlns="http://www.w3.org/1999/xhtml" class="_ _15c"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls8b wsa6">To<span class="_ _0"/>t<span class="_ _6"/>a<span class="_ _0"/>l</span>20<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>21C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>t 1/<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1e5"> </span>1,15<span xmlns="http://www.w3.org/1999/xhtml" class="_ _ab"/>5<span xmlns="http://www.w3.org/1999/xhtml" class="_ _e1"> </span>605<span xmlns="http://www.w3.org/1999/xhtml" class="_ _69"> </span>76<span xmlns="http://www.w3.org/1999/xhtml" class="_ _176"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">8<span class="_ _19a"> </span><span class="ls52 ws64">1,8<span class="_ _6"/>4<span class="_ _0"/>4</span></span>Foreign c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>urrency translat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion ad<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>jus<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ea"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">5<span class="_ _166"> </span>3<span class="_ _166"> </span>1<span class="_ _166"> </span>0<span class="_ _166"> </span>9</span>Additions during the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9b"> </span>0<span xmlns="http://www.w3.org/1999/xhtml" class="_ _69"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls7e ws97">33<span class="_ _1eb"> </span></span>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _168"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls44 ws54">12<span class="_ _0"/>8<span class="_ _171"> </span><span class="ls43 ws53">16<span class="_ _0"/>3</span></span>Disposals during the year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _e9"> </span>-36<span xmlns="http://www.w3.org/1999/xhtml" class="_ _165"> </span>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>61<span xmlns="http://www.w3.org/1999/xhtml" class="_ _ac"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls55 ws67">-23<span class="_ _ac"> </span>-2<span class="_ _0"/>0<span class="_ _16c"> </span><span class="ls5e ws6f">-<span class="_ _0"/>14<span class="_ _6"/>0</span></span>C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t 3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>1/1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ec"> </span>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>,1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _168"> </span>580<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ed"> </span>56<span xmlns="http://www.w3.org/1999/xhtml" class="_ _168"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls7d ws96">11<span class="_ _0"/>6<span class="_ _84"> </span><span class="ls52 ws64">1,<span class="_ _0"/>8<span class="_ _0"/>76</span></span>Write<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>do<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>wn and depreci<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ation 1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>/1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _7d"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls56 ws74">47<span class="_ _0"/>5<span class="_ _e1"> </span></span>495<span xmlns="http://www.w3.org/1999/xhtml" class="_ _69"> </span>56<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1eb"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">0<span class="_ _15f"> </span><span class="ls52 ws64">1,<span class="_ _0"/>0<span class="_ _0"/>2<span class="_ _0"/>6</span></span>Foreign c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>urrency translat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion ad<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>jus<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _61"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">1<span class="_ _166"> </span>2<span class="_ _176"> </span>1<span class="_ _166"> </span>0<span class="_ _166"> </span>4</span>Write<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>do<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>wn and depreci<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ation during the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> year<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1e7"> </span>27<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ed"> </span>35<span xmlns="http://www.w3.org/1999/xhtml" class="_ _166"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">4<span class="_ _166"> </span>0<span class="_ _69"> </span><span class="ls4d ws5e">66</span></span>Write<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>do<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>wn and depreci<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ation of abandoned<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> ass<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ets<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ee"> </span>-21<span xmlns="http://www.w3.org/1999/xhtml" class="_ _15e"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls52 ws64">-<span class="_ _6"/>61<span class="_ _ac"> </span></span>-2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _166"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">0<span class="_ _1a"> </span><span class="ls5b ws70">-10<span class="_ _0"/>5</span></span>Write<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>down and depreciation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> 31/1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _a5"> </span>4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>82<span xmlns="http://www.w3.org/1999/xhtml" class="_ _e1"> </span>471<span xmlns="http://www.w3.org/1999/xhtml" class="_ _69"> </span>38<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1eb"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">0<span class="_ _e1"> </span><span class="ls5f ws71">991</span></span>Carr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ying amount 31<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>/12<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9b"> </span>642<span xmlns="http://www.w3.org/1999/xhtml" class="_ _e1"> </span>10<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _69"> </span>18<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19c"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls7d ws96">116<span class="_ _e1"> </span><span class="ls84 ws9d">885</span></span>Ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counting policies â c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ontinuedThe basis of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> depreciation is deter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>mined in consideration of the a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ssetâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>s residual value and reduced by any<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> impairment.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Residual value is deter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>mined at the time of ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>quisition and reassessed annually<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>. If residual <span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>value ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ceeds the asse<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s carrying amount, deprecia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>tion will cea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>se.B<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>y changing the depreciation period or residual <span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>value, the eff<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ect of f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>uture depreciation is r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ecognised as a change to acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ounting estimates.Impairment of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> property<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, plant and equipmentThe car<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rying amount of property<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, plant and equipment is assessed annually to de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>termine whether ther<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e is any indication of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> impairment.When such an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> indication is present, t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he assetâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s reco<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>verable amount is calcula<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ted, which is the highest of the a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ssetâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>s fair v<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>alue less expected costs of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> disposal or value in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> use. V<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>alue in use is calculated as the pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>esent value of e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xpected cash flo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>w from the smallest ca<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sh flow-generating unit to which<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> the asset belongs.Impairment loss is rec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ognised when the carrying amount of an a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sset exc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>eeds the assetâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _9"/>s recover<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>able amount. Impair<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ment loss is recognised in the inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ome statement.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Write-down on pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>operty<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, plant and equipment is rever<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sed to the extent that changes ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ve been made to t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>he assumptions and estimates tha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>t led to the write-down.3.3 Le<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>asesRight-of-use assetsIT T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>echnical Ot<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>her DKK million<span xmlns="http://www.w3.org/1999/xhtml" class="_ _cc"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls56 ws74">Tenancy<span class="_ _149"> </span>Cars</span>equipmentequipmentequipment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d8"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls8b wsa6">To<span class="_ _0"/>t<span class="_ _6"/>a<span class="_ _0"/>l</span>2022C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>t 1/<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1ef"> </span>426<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c6"> </span>93<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c6"> </span>21<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1db"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">9<span class="_ _1db"> </span>1<span class="_ _de"> </span><span class="ls48 ws59">550</span></span>Foreign c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>urrency translat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion ad<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>jus<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span>-16<span xmlns="http://www.w3.org/1999/xhtml" class="_ _84"> </span>-3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19a"> </span>-1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19a"> </span>-1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d0"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">0<span class="_ _1f0"> </span><span class="ls55 ws67">-21</span></span>Acquired enterprises<span xmlns="http://www.w3.org/1999/xhtml" class="_ _fc"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">4<span class="_ _1db"> </span>0<span class="_ _1db"> </span>0<span class="_ _1db"> </span>0<span class="_ _1d0"> </span>0<span class="_ _1db"> </span>4</span>Additions during the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _95"> </span>18<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _74"> </span>37<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1db"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">3<span class="_ _1db"> </span>2<span class="_ _1d0"> </span>0<span class="_ _1e"> </span><span class="ls3e ws4e">224</span></span>Disposals during the year<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">î<span class="_ _1f1"> </span><span class="ls62 ws73">-82<span class="_ _107"> </span><span class="ls55 ws67">-23<span class="_ _1db"> </span></span></span>0<span class="_ _84"> </span><span class="ls55 ws67">-2<span class="_ _1d0"> </span></span>0<span class="_ _a6"> </span><span class="ls5b ws70">-10<span class="_ _0"/>7</span></span>C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t 3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6"/>1/1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1f2"> </span>514<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1dd"> </span>10<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>4<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c6"> </span>23<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1db"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">8<span class="_ _1d0"> </span>1<span class="_ _1dd"> </span><span class="ls78 ws90">650</span></span>Write<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>do<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>wn and depreci<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ation 1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>/1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1f3"> </span>17<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>9<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c6"> </span>55<span xmlns="http://www.w3.org/1999/xhtml" class="_ _74"> </span>11<span xmlns="http://www.w3.org/1999/xhtml" class="_ _18"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">4<span class="_ _1d0"> </span>1<span class="_ _1dd"> </span><span class="ls60 ws72">250</span></span>Foreign c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>urrency translat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ion ad<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>jus<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _bd"> </span>-7<span xmlns="http://www.w3.org/1999/xhtml" class="_ _15f"> </span>-1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _15f"> </span>-1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _19a"> </span>-1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1db"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">0<span class="_ _107"> </span><span class="ls5b ws70">-10</span></span>Write<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>do<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>wn and depreci<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ation during the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> year91<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b8"> </span>23<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d0"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">6<span class="_ _1db"> </span>2<span class="_ _1db"> </span>0<span class="_ _1e"> </span><span class="ls44 ws54">12<span class="_ _0"/>2</span></span>Write<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>do<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>wn and depreci<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ation of abandoned<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> ass<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ets-71<span xmlns="http://www.w3.org/1999/xhtml" class="_ _107"> </span>-2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1db"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">0<span class="_ _19a"> </span><span class="ls58 ws69">-1<span class="_ _1db"> </span></span>0<span class="_ _23"> </span><span class="ls3d ws4d">-95</span></span>Write<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>-<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>down and depreciation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> 31/1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _11a"> </span>192<span xmlns="http://www.w3.org/1999/xhtml" class="_ _c6"> </span>54<span xmlns="http://www.w3.org/1999/xhtml" class="_ _74"> </span>16<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1db"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">4<span class="_ _1db"> </span>1<span class="_ _1dd"> </span><span class="ls7a ws93">267</span></span>Carr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ying amount 31<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>/12<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1e9"> </span>322<span xmlns="http://www.w3.org/1999/xhtml" class="_ _b8"> </span>50<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1d0"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">7<span class="_ _1db"> </span>4<span class="_ _1db"> </span>0<span class="_ _de"> </span><span class="ls7e ws97">38<span class="_ _0"/>3</span></span>Ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>counting policies â c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ontinuedRight-of-use asse<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>tsRight-of-use assets ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e lease assets arising fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>om a lease agreement.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/> L<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ease assets are initially mea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sured at cost consisting of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the amount of the initial measurement of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the lease liability wit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>h addition of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> lease payment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s made to the lessor at or<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> befor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e the commencement date less any lease inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>entives received. Fiv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e differ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>ent types of leases hav<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e been identified:⢠T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>enancy⢠Car<span xmlns="http://www.w3.org/1999/xhtml" class="_ _1"/>s⢠<span xmlns="http://www.w3.org/1999/xhtml" class="_ _25"> </span>IT equipment⢠<span xmlns="http://www.w3.org