Assets
| Type | Time | Amount | Unit |
|---|---|---|---|
| ifrs-full:Assets | 2022-12-31 | 30589000000 | dkk |
| ifrs-full:Assets | 2021-12-31 | 23552000000 | dkk |
Revenue
| Type | Start date | End date | Amount | Unit |
|---|---|---|---|---|
| ifrs-full:Revenue | 2021-01-01 | 2021-12-31 | 15775000000 | dkk |
| ifrs-full:Revenue | 2022-01-01 | 2022-12-31 | 18687000000 | dkk |
XML
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Separator
The full data:
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The new t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>argets<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>reach bey<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ond our 202<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>5 goal (<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>announced i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n February<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> <span class="ls9 wsc">2021) to be</span> <span class="ls6 ws8">car-</span></span>bon neutral<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> in our own <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>operat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ions, ensur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ing that G<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>N decarb<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onizes in accordance<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> with the Pa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ris Agr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>eement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> to limit gl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>obal te<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>mperature in-crease. Furthe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r, we<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> are comm<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>itted to se<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tting a scie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nce<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">-</span>base<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d net<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">-</span>ze<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ro target a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd are work<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ing towar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ds a str<span xmlns="http://www.w3.org/1999/xhtml" class="ls6 ws8">ategy to bec<span class="_ _0"/>ome a net<span class="ls0 ws0">-</span></span>zero busi-ness befo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>re 2050<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Scope 1 and 2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> <span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">â t</span>he energy t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ransition a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t GN<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>To meet our sco<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>pe 1 and 2 emission re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>duction t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>arget, we<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> are im<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>proving energy effic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>iency an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d sourcin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>g renewa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ble ene<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rgy as fast as possi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ble. In 2022, we inves<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ted in <span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">energy attribute c<span class="_ _2"/>ertificate<span class="_ _2"/>s from hy<span class="_ _2"/>dropowe<span class="_ _2"/>r<span class="ls0 ws0"> </span></span>projects in C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hina, e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nsuring re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>newabl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e power for our <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hearin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>g aid<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>pro-duction sit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e in Xiamen a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd cu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tting emiss<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ions by ~1<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>,2<span xmlns="http://www.w3.org/1999/xhtml" class="ls9 wsc">34<span class="ls0 ws0"> </span></span>metric t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ons<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>CO2e.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> <span class="ls5 ws7">This has le<span class="_ _2"/>d to a <span class="ls9 wsc">15</span>% reduction <span class="_ _31"/>in scope 1+2 emi<span class="_ _2"/>ssions from<span class="ls0 ws0"> </span></span></span>2021.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Where possibl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e, we fin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d local<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> solution<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s that provi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>de additio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nal<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> <span class="ls6 ws8">renewa-</span></span>ble capa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>city. From 202<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>3, our <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>headquart<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ers and heari<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ng aid production in Denmark<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> will run on 10<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>0% re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>newabl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e energy, powe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>red by a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> new so-lar farm in D<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>enmark via<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> a pow<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>er purchase a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>greement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> (<span class="ls6 ws8">PPA). The P<span class="_ _0"/>PA </span></span>will re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>duce annual<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> scope 2 em<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>issions by ~2<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>,1<span xmlns="http://www.w3.org/1999/xhtml" class="ls9 wsc">08<span class="ls0 ws0"> </span></span>metric tons C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>O2e.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>GNâs car fl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>eet acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ounts for th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e large<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>st share of our <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">s<span class="ls5 ws9">cope 1 emission<span class="_ _2"/>s. </span></span>We have se<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t an emission l<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>imit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> for all<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> new le<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ases, with e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>lectric and pl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ug<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">-</span>in hybrid ve<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hicles made<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> comp<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ulsory whe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>re local<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> infrastr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ucture pe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rmits.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Work has beg<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>un on increa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>g the ele<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ctric charging <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>points <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>at our<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> <span class="ls6 ws8">head-</span></span>quarters fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>om four<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>to 7<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>4, mak<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ing it easie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r for empl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>oyees to <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>opt for an<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>elect<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ric car. This <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>runs alongsi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>de initiatives to enc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ourage ca<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>rpooling and use of publ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ic transp<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ort to get <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>to work.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> <span class="_ _2"/> </span>GNâs ene<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rgy c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onsum<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ption i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n 202<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Split of non<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">-</span>/renewable energy sources<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> and contractual instruments<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> <span class="ls12 ws31">for site<span class="_ _0"/>s whe<span class="_ _0"/>re GN </span></span>holds the contract with the energy provider<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>4.6%R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>enew<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>able en<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ergy11<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">.8%</span>Green tari<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ï¬ electric<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ity16<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">.4%</span>Internation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>al Renewable Energy Cer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tifi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cates9.4%Non<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">-<span class="ls100 ws168">renew<span class="_ _2"/>able en<span class="_ _2"/>ergy</span></span>Gas83<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">.6%</span>18<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">.7%</span>55<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">.4%</span>Dist<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rict<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/> hea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tingResidual mi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>x electri<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>yScope 3 <span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">- t</span>ack<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ling our large<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>st impa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ct head on<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>G<span xmlns="http://www.w3.org/1999/xhtml" class="ls42 ws6e">Nâs<span class="_ _0"/> <span class="ls5 ws7">largest<span class="_ _2"/> climate<span class="_ _2"/> impact come<span class="_ _2"/>s from the<span class="_ _2"/> materia<span class="_ _2"/>ls and<span class="ls0 ws0"> <span class="ls2d ws50">comp</span></span>o-</span></span>nents in our pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>oducts, and their t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ransporta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tion to cu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>stomers a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>round<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>the world. The<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>se activ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ities t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>herefore<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> <span class="ls7 wsa">lie</span> </span>at t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he heart<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of our<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>deca<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rboniza-tion strate<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>gy. You can re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ad more<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> about how we<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> are<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>carbon<span xmlns="http://www.w3.org/1999/xhtml" class="ws9">izi<span class="_ _2"/>ng our </span>products a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd packagin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>g through in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>novative<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> design a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd suppl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>y chain engagem<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ent <span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">on page <span class="ls9 wsc">40<span class="ls0 ws0">. </span></span></span>Accel<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erating the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> shift from a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ir to ocea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n freight<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and optim<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>izing<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>sh<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ip-ments has cut<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> emission<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s from<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the tra<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nsportatio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n of produc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ts by<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>~<span xmlns="http://www.w3.org/1999/xhtml" class="ls9 wsc">12</span>,<span xmlns="http://www.w3.org/1999/xhtml" class="ls9 wsc">000</span> <span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">metric tons C<span class="_ _2"/>O</span>2e in 2022, comp<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ared to 2021.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> <span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">W<span class="ls5 ws7">e expect fur-</span></span>ther reduct<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ions in 202<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>3, when<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> we have<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> planned for e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ven large<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r vol-umes to move<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> by ocea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n freight, a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s well<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> as further<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>dec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>entra<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>lizing final<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> customizat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ion of prod<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ucts<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">. </span>In <span xmlns="http://www.w3.org/1999/xhtml" class="lsf3 ws156">2022<span class="lsf7 ws15b">, </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ws15c">we complete<span class="_ _2"/>d a f<span class="_ _2"/>ull scope <span class="lsf3 ws156">3 </span><span class="ws15e">invent<span class="_ _31"/>or<span class="_ _0"/>y aligned with the </span></span>GHG Pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ocol Corpora<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tandard<span xmlns="http://www.w3.org/1999/xhtml" class="lsf7 ws15b">. <span class="ls0 ws15a">The char<span class="_ _0"/>t<span class="_ _2"/> shows <span class="_ _2"/>the relat<span class="_ _2"/>ive </span></span>size o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>f e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>mission s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ources along our<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> <span xmlns="http://www.w3.org/1999/xhtml" class="_ _32"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws15a">value chai<span class="_ _0"/>n<span class="ws0">.</span></span>42<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">%</span>4%<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2b"> </span>2%Ra<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>w m<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>erials Employee Product<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/> useand tra<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>vel and manufact<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>uringcommut<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ing0.3%<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6b"/>17%<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6c"> </span><span xmlns="http://www.w3.org/1999/xhtml" class="lsf3 ws156">34</span>%Bu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>sine<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ss T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ransportat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ion End activities ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>cl<span xmlns="http://www.w3.org/1999/xhtml" class="lsf7 ws15b">. </span>and retailof l<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>femanufact<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>uringSc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ope 1 <span xmlns="http://www.w3.org/1999/xhtml" class="lsf2 ws15f">and <span class="_ _0"/></span>2 <span xmlns="http://www.w3.org/1999/xhtml" class="lsfa ws161">emissio<span class="_ _0"/>ns roadmap</span>W<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>e will reduce scope <span xmlns="http://www.w3.org/1999/xhtml" class="lsf3 ws156">1 <span class="lsf5 ws158">and </span>2 </span>emissions rapidly over<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/> the next<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/> years by<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> moving <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>o r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>enewable energy<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>or all major<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> sit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>es<span xmlns="http://www.w3.org/1999/xhtml" class="lsf7 ws15b">. </span>T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>o r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>each carbonneutrality<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/> by <span xmlns="http://www.w3.org/1999/xhtml" class="lsf3 ws156">2025<span class="lsf7 ws15b">, </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ff8 ws0">we <span class="_ _2"/>will i<span class="_ _0"/>nvest<span class="_ _31"/> in carbon removal t<span class="_ _31"/>o oï¬set<span class="_ _31"/> </span>remaining <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>emiss<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ions from tha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>t ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ar onwards<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">.</span>10<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">,</span>507 10<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">,</span>092 8,<span xmlns="http://www.w3.org/1999/xhtml" class="lsfd ws165">475 </span>6,<span xmlns="http://www.w3.org/1999/xhtml" class="lsfd ws165">650 </span>4,<span xmlns="http://www.w3.org/1999/xhtml" class="lsfd ws165">825 </span>3,<span xmlns="http://www.w3.org/1999/xhtml" class="lsfd ws165">000 </span>2,<span xmlns="http://www.w3.org/1999/xhtml" class="lsfd ws165">820 </span>2,<span xmlns="http://www.w3.org/1999/xhtml" class="lsfd ws165">640 </span>2,<span xmlns="http://www.w3.org/1999/xhtml" class="lsfd ws165">460 </span>2,<span xmlns="http://www.w3.org/1999/xhtml" class="lsfd ws165">280 </span>2,<span xmlns="http://www.w3.org/1999/xhtml" class="lsfd ws165">101 </span>2020<span xmlns="http://www.w3.org/1999/xhtml" class="_ _61"> </span>2021<span xmlns="http://www.w3.org/1999/xhtml" class="_ _61"> </span>2022<span xmlns="http://www.w3.org/1999/xhtml" class="_ _61"> </span>2023<span xmlns="http://www.w3.org/1999/xhtml" class="_ _61"> </span>2024<span xmlns="http://www.w3.org/1999/xhtml" class="_ _61"> </span>2025<span xmlns="http://www.w3.org/1999/xhtml" class="_ _61"> </span>2026<span xmlns="http://www.w3.org/1999/xhtml" class="_ _6d"> </span>2027<span xmlns="http://www.w3.org/1999/xhtml" class="_ _61"> </span>2028<span xmlns="http://www.w3.org/1999/xhtml" class="_ _61"> </span>2029<span xmlns="http://www.w3.org/1999/xhtml" class="_ _61"> </span>2030Emis<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sions<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> in scope<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> <span xmlns="http://www.w3.org/1999/xhtml" class="lsfc ws163">1 </span><span xmlns="http://www.w3.org/1999/xhtml" class="ws164">and <span class="ls0 ws0">2</span></span>Es<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tima<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ted ca<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rbon r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>emova<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ls</mrv:StatementOfCorporateSocialResponsibility>
<mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="ctx-1" id="s11_notes__9__9" xml:lang="en">Diversity at Management and Board level At the Management and Board level, GNâs current diversity focus is to advance stronger representation internationally and for the un-derrepresented gender in our senior management, the Global Manage-ment Teams (GMT) in both GN Audio and GN Hearing. By the end of 2022: ⢠GN Hearingâs GMT comprised 27% female leaders (vs. 18% in 2021) and 45% non-Danes (vs. 36% in 2021). ⢠GN Audioâs GMT comprised 16% female leaders (vs. 14% in 2021) and 68% non-Danes (vs. 64% in 2021). ⢠women filled 23% of senior management positions across the GN Group (vs. 21% in 2021). By 2025, we aim to have above 25% women in senior management positions, which we expect to reach with the activities described above. The Board of Directors at GN has six members elected by the General Meeting, four of which are women. Thus, we have exceeded our target of 50% women in the Board. Review GNâs Diversity Policy: www.gn.com/diversitypolicy</mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
<mrv:LinkToStatementOfDiversityPolicies contextRef="ctx-1" id="s11_notes__9__10" xml:lang="en">www.gn.com/diversitypolicy</mrv:LinkToStatementOfDiversityPolicies>
<mrv:LinkToStatementOfPolicyForDataEthics contextRef="ctx-47" id="s11_notes__9__12" xml:lang="en">www.gn.com/dataethicspolicy</mrv:LinkToStatementOfPolicyForDataEthics>
<mrv:LinkToCorporateGovernanceReport contextRef="ctx-1" id="s11_notes__9__13" xml:lang="en">www.gn.com/corporategovernance2022</mrv:LinkToCorporateGovernanceReport>
<fsa:AverageNumberOfEmployees contextRef="ctx-1"
decimals="0"
id="s11_notes__9__42"
unitRef="pure">7871</fsa:AverageNumberOfEmployees>
<fsa:AverageNumberOfEmployees contextRef="ctx-62"
decimals="0"
id="s11_notes__10__42"
unitRef="pure">6919</fsa:AverageNumberOfEmployees>
<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx-1" id="s11_notes__9__129" xml:lang="en">Statements by<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the Execut<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ive Manag<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ement and the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Board of<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> DirectorsToday,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> the Exec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>utive <span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">Manageme<span class="_ _2"/>nt and the Boa<span class="_ _2"/>rd of Direc<span class="_ _2"/>tors have<span class="_ _2"/> dis-</span>cussed and ap<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>proved the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> GN Store<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Nord Annua<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>l Report 20<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>2<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">2. </span>The annual<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> report has be<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>en prepa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>red in accor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>dance w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ith Int<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ernational<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Financial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Reporting St<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>andard<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s as adopte<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d by the E<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>U and fu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rther re-quirements i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n the Da<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nish Fina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ncial Sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tements A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ct<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">. </span>It is our opini<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>on that the cons<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>olidate<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d financial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> stateme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nts and t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he par-ent company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> financia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>l state<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ments give a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> true and fa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ir view<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of the finan-cial position <span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>of the group and <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>the pare<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nt company at<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Decembe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> <span class="ls9 wsc">31,</span> </span>202<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">2 <span class="ls5 ws7">and of the re<span class="_ _2"/>sults of the<span class="_ _2"/> group's a<span class="_ _2"/>nd the pare<span class="_ _2"/>nt comp<span class="_ _2"/>any's opera<span class="_ _2"/>-</span></span>tions and cas<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>h flows f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or the fi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nancial ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ar Janua<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ry<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> 1 â <span class="ls6 ws8">December<span class="_ _0"/> <span class="ls9 wsc">31, </span></span></span>202<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">2. </span>Further, in o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ur opinio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n, the M<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>anageme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nt's report giv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>es a fa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ir review of the deve<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>lopment in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he group<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>'s and the pa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rent company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>'<span xmlns="http://www.w3.org/1999/xhtml" class="ls2c ws4f">s a<span class="_ _2"/>ctivities </span>and financial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> matte<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rs, resul<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ts of opera<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tions, ca<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sh flows a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd financia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>l position a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s well a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s a descripti<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>on of material risks a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd uncer<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>taintie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s that the group an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d the pare<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nt compa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ny face.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>The<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Consol<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>idated ESG dat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>a have bee<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n prepared in a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ccord<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ance<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ith the sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ted accounti<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ng policies. In our opinio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n, <span xmlns="http://www.w3.org/1999/xhtml" class="ls2c ws4f">it<span class="ls0 ws0"> <span class="ls2d ws50">give</span>s </span></span>a fa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ir vi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ew of the group'<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>s environment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>al, social<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">, </span>and governanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e perform<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ance<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">. </span>In our opinio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n, the Ann<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ual Re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>port of GN <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>Store Nord A/S <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>for the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> finan-cial year Jan<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>uary <span xmlns="http://www.w3.org/1999/xhtml" class="ls9 wsc">1 </span>to<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> December<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> <span class="ls9 wsc">31,</span> <span class="ls9 wsc">202</span>2 <span class="ls5 ws7">with the file<span class="_ _2"/> name GNS<span class="ls22 ws45">tore<span class="_ _0"/>-</span></span></span>Nord<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">-<span class="ls9 wsc">202</span>2-<span class="ls9 wsc">12</span>-<span class="ls9 wsc">31.zip</span> </span>is prepared, in a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ll ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>terial re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>spects, in <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>compliance<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> with the ESEF Re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>gula<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tion.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>We recomme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd that the a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nnual<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> report be a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>pproved at the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Annua<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>l Gen-eral Meeting<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span></sob:StatementByExecutiveAndSupervisoryBoards>
<sob:PlaceOfSignatureOfStatement contextRef="ctx-1" id="s11_notes__9__130" xml:lang="en">Ballerup</sob:PlaceOfSignatureOfStatement>
<sob:DateOfApprovalOfAnnualReport contextRef="ctx-1" id="s11_notes__9__131">2023-02-09</sob:DateOfApprovalOfAnnualReport>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-48" id="s11_notes__9__132" xml:lang="en">Gitte Pugholm Aabo</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-48" id="s11_notes__9__133" xml:lang="en">CEO, GN Store Nord &amp; GN Hearing</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-52" id="s11_notes__9__138" xml:lang="en">Peter Karlstromer</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-52" id="s11_notes__9__139" xml:lang="en">CEO, GN Audio</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx-56" id="s11_notes__9__144" xml:lang="en">Peter la Cour Gormsen</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx-56" id="s11_notes__9__145" xml:lang="en">CFO, G<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>N Store<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Nord &amp; G<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>N Audi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>o</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-49" id="s11_notes__9__134" xml:lang="en">Per Wold-Olsen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-49" id="s11_notes__9__135" xml:lang="en">Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-53" id="s11_notes__9__140" xml:lang="en">Jukka Pekka Pertola</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx-53" id="s11_notes__9__141" xml:lang="en">Deputy chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-57" id="s11_notes__9__146" xml:lang="en">Hélène Barnekow</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-50" id="s11_notes__9__136" xml:lang="en">Montserrat Maresch Pascual</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-54" id="s11_notes__9__142" xml:lang="en">Anette Weber</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-58" id="s11_notes__9__147" xml:lang="en">Ronica Wang</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-51" id="s11_notes__9__137" xml:lang="en">Leo Larsen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-55" id="s11_notes__9__143" xml:lang="en">Cathrin Inge Hansen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx-59" id="s11_notes__9__148" xml:lang="en">Claus Holmbeck-Madsen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx-1" id="s11_notes__9__150" xml:lang="en">To the shareholders of GN Store Nord A/S</arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx-1" id="s11_notes__9__151" xml:lang="en">Our opinion<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>In our opinio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n, the Con<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>solidat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ed Financial State<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ments and t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>he Parent Company Fina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ncial Sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>temen<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ts give a t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rue and fair v<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>iew <span xmlns="http://www.w3.org/1999/xhtml" class="ws9">of the<span class="_ _2"/> Groupâs </span>and the Pare<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nt Company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>âs fin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ancial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> position at 31<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Decemb<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>er 202<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>2 and of the resul<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ts of the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Groupâs a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd the Parent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ompany<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>âs operat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ions and cash flows fo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r the fina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ncial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> year 1 J<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>anuary to 3<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>1 Decembe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r 2022<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> in ac-cordance wit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>h Internat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ional<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Financial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Reportin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>g Standard<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s as adopt<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed by the EU and f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>urther req<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>uire<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ments in the Da<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nish Fi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nancial St<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ateme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nts Act.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Our opinion i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s consist<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ent with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> our Audito<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>râs Long<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">-<span class="_ _2"/><span class="ls5 ws7">form Rep<span class="_ _2"/>ort to the </span></span>Audit Comm<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ittee a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd the Board of Di<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rectors<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>What we hav<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e audited<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>The Consol<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>id<span xmlns="http://www.w3.org/1999/xhtml" class="ls6 ws8">ated Fi<span class="_ _0"/>nancial Statement<span class="_ _0"/>s and P<span class="_ _0"/>arent Com<span class="_ _0"/>pany F<span class="_ _0"/>inancial </span>Stateme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nts of GN Store <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>Nord A/<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>S for the fina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ncial yea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r 1 Janua<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ry to 31 December 2022,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> pp 85<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">-<span class="ls5 ws7">160 comprise in<span class="_ _2"/>come stat<span class="_ _2"/>ement a<span class="_ _2"/>nd stat<span class="_ _2"/>ement </span></span>of comprehe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nsive in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>come, bal<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ance she<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>et, cash fl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ow statem<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ent, stat<span xmlns="http://www.w3.org/1999/xhtml" class="ls6 ws8">e-</span>ment of change<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s in equit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>y and note<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s, includi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ng summa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ry of sign<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ificant accounting <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>policies <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>for the G<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>roup as we<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ll as for t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he Parent <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>Company<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>. Coll<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ectively re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ferred to as t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he âFinancia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>l State<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>mentsâ.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span></arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx-1" id="s11_notes__9__152" xml:lang="en">Basis for opi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nion<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>We conducted <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>our audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> in accorda<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nce wit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>h Internat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ional<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Standards on Auditing (I<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>SAs) and the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> additi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>onal requirements a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>pplicable<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> in Denm<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ark. Our respons<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ibilities <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>under th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ose sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ndards and <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>requirement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>s are fur-ther describe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d in the A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>uditorâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s responsib<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ilitie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s for the a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>udit of the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Fi-nancial S<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tateme<span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">nts section of<span class="_ _2"/> our report. <span class="_ _2"/><span class="ls0 ws0"> </span></span>We belie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ve that t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he audit e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>vidence we<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> have obta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ined is suffi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>cient a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd appropria<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>te to provi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>de a basis<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> for our opi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nion.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Indepen<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>denc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>We are inde<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>pendent of t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he Group in a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ccorda<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nce with the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Inte<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rnational<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Ethics Stan<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>dards Boa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rd for Ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>countants<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>â<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> Interna<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tional C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ode of Ethic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s for Profes<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sional Ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>countant<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s (IESBA<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Code)<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and the addit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ional<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> ethical<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> requirement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s applicabl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e in De<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nmark. We ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ve also ful<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>fille<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d our other ethical<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> responsibil<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ities in acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ordance with the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>se requi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>remen<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ts and the IESBA<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> <span class="ls5 ws7">Code. </span> </span>To the best of o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ur knowledge a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd belief, pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hibited <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>non<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">-</span>audit se<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rvices referred t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>o in Article<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> 5(1) of R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>egulation (EU) No 53<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>7/2014<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> were not<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> provided.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Appointm<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ent<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>We were first<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> appoint<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ors of GN Store<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Nord A/<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>S on 21 M<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>arch 2019 for th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e <span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">financial<span class="_ _2"/> year 20<span class="_ _2"/>19. We have<span class="_ _2"/> been rea<span class="_ _2"/>ppointed a<span class="_ _2"/>nnuall<span class="_ _2"/>y </span>by shareholde<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r resol<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ution for <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>a total<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> period of unint<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>errupte<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d engage-ment of fo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ur years inclu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ding the financial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> year 20<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>22.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span></arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:KeyAuditMattersAudit contextRef="ctx-1" id="s11_notes__9__153" xml:lang="en">Key aud<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>it matters<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Key audit ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tters are<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> those <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>matters t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hat, in our pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>fessio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>nal judg-ment, were<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of most sign<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ifican<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ce in our aud<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>it of the F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>inancia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>l State<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>-ments for 20<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>22. These ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tter<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s were a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ddressed in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he conte<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xt of our audit of the F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>inancial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Statem<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ents as a w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hole, and in f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ormin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>g our opin-ion thereon<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, and we do n<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ot provide<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> a separa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>te opini<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>on on these<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> mat-ters.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Key aud<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>it matter<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>SteelSeries - <span xmlns="http://www.w3.org/1999/xhtml" class="ws55">Purchase p<span class="_ _0"/>rice allocatio<span class="_ _0"/>n</span> The Group completed the acquisition of SteelSeries on 12 <span xmlns="http://www.w3.org/1999/xhtml" class="ls2 wsec">January 2022. When a<span class="_ _2"/>cquiring </span>SteelSeries<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>, the Co<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>mpany prep<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ared a <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>purchase pric<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e allocati<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>on (âPP<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>Aâ) for th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e acquisiti<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>on, resulting in assets and liabilities being separately recognised and valued in the opening bal-ance. Preparation of PPA is non-<span xmlns="http://www.w3.org/1999/xhtml" class="ls34 ws56">stand<span class="_ _0"/>ard an<span class="ls2 ws2">d co<span class="_ _0"/>mplex transactions, subject to significant </span></span>judgment and estimates, including valuation of assets and liabilities.In order to de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>termine <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>the fair v<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>alue of the sep<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>aratel<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y identified<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> assets an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>d lia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>bilities suc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>h as Customer relationships and Trademarks in a business combination, the valuation methodol-ogies require input based on assumptions about t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he future and applied discounted cash flow forecasts, including regarding customer churn rates and WACC. The significant judg-ments and estimates, including methods and data applied and assumptions made by Man-agement, i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nvolved in th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e PPA and op<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>en<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ing balanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e mainly rel<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ate to ass<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>essing th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e fair value of the acqu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ired assets<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.We focused on the purchase price allocation because of the significant impact on the Con-solidation Financial Statement and because the PPA requires significant judgments and es-timates by M<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>anagem<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ent.Refer to note 5.1 in the Consolidated Financial Statements.How our audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> addresse<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d the <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>key audit m<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>atter<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Our audit procedures included assessing whether the acquisition met the criteria of a busi-ness combination according to IFRS 3.We updated our understanding of relevant controls, including Group controlling proce-dures, IT systems and business processes regarding business combinations. We assessed<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> and chall<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>enged the p<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>urchas<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e price in r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>elation to the assumptions applied for the valuation, including the share purchase liability.We verified the assets and liabilities recognised in the opening balance s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>heet by performing audit procedures in relation to the opening balance.We tested the <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>Purchase Price Allocation of the acquisition prepared by Management. We discussed the Purchase Price Allocation including the identificat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ion of assets and liabilities with Management and challenged key assumptions used to determine the fair value of ac-quired assets and liabilities in the business combination.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>We involved our valuation specialists in assess<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ing the valuation methodologies and WACC used by Manag<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ement <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>and the fair <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>valu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e of the acqu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ired asse<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ts and liabi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>lities.Finall<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y, we assessed <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>the adequac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y of d<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>isclosures relat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ing to the business combination.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Capitalisation and valuation of development costs<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>The Group capitalises <span xmlns="http://www.w3.org/1999/xhtml" class="ls2 ws2">development costs within both the hearing and audio segment when </span>certain c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>riteri<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>a accord<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ing to <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>IFRS ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e me<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t.The criteria for recognition and measurement of development costs are subject to Manage-mentâs estimates and judgments, which is uncertain by nature. <span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Completed d<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>evelop<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ment project<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>s are <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>assessed qu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>arterly for i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>mpairm<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ent indi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cations. Fo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>r in-progress d<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>evelopmen<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t projec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ts impair<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ment tests a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re perfo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rmed quar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>terly. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>he impairm<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ent tests are based<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> on a st<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rategy plan<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> approved b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>y Manage<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ment and v<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>alue-<span xmlns="http://www.w3.org/1999/xhtml" class="lsa7 wsf4">in</span>-<span xmlns="http://www.w3.org/1999/xhtml" class="ls34 ws56">use c<span class="ls2 ws3">alc<span class="_ _0"/>ulations </span></span>based on exp<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ected futu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re cash <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>flows. We focused on this area because the criteria for recognition and measurement of develop-ment proj<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ects are subj<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ect to Man<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>agemen<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t estimates <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>and judg<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ments.Refer to note 3.1 in the Consolidated Financial Statements.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>We assessed whether the Groupâs accounting policies are in accordance with IFRS. <span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>We updated our understanding of relevant controls, including Group controlling proce-dures, IT systems and business processes regarding development costs. For the controls, we assessed <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>whether th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ey were de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>signed and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> implemen<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ted to ef<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>fectively ad<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>dress th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e risk to material information. For selected controls which we planned to rely upon, we tested the operating <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>effectiven<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ess. We selected a s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ampl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e of in-<span xmlns="http://www.w3.org/1999/xhtml" class="ls2 ws2">progress development projects and considered whether all cri-</span>teria descri<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>bed in IFRS w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ere me<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t as a b<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>asis for capi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>talisation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. We perfor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>med s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ubstantiv<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e au-dit procedures to verify capitalised amounts. We evaluat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ed and chal<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>lenged Man<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>agemen<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tâs asses<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>sment o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>f impairment i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ndic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ators <span xmlns="http://www.w3.org/1999/xhtml" class="ls1 ws1">of co<span class="_ _0"/>m-</span>pleted development projects based on the commercial prospects of the projects. For in-<span xmlns="http://www.w3.org/1999/xhtml" class="ls2 ws2">progress development projects, we challenged the key assumptions applied in the </span>value-<span xmlns="http://www.w3.org/1999/xhtml" class="lsa7 wsf4">in</span>-<span xmlns="http://www.w3.org/1999/xhtml" class="ls2 ws2">use calculations. Our work was based on our understanding of the business</span> <span xmlns="http://www.w3.org/1999/xhtml" class="ls34 ws58">cases </span>and key assumptions applied. We challenged whether the intend to finalise the proj<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ects re-main and wh<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ether th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e projects a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>re exp<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ected to ge<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nerate futur<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>e econo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>mic be<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>nefits exceed-ing the carr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ying values<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.</arr:KeyAuditMattersAudit>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements contextRef="ctx-1" id="s11_notes__9__154" xml:lang="en">Stateme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nt on Manage<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>mentâs <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>Report<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Manage<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ment is respon<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sible fo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r Manage<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>mentâs Report<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, pp 1<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">-<span class="_ _2"/><span class="ls9 wsc">84.<span class="ls0 ws0"> </span></span></span>Our opinion on t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>he Financial St<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>atement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s does not c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>over Ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nagement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>âs Report, and we<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> do not e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xpress any<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> form of ass<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>urance concl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>usion thereon.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>In connectio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n with ou<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r audit of t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he Financial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Statem<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ents<span xmlns="http://www.w3.org/1999/xhtml" class="ws9">, our respo<span class="_ _2"/>nsi-</span>bility is to re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ad Mana<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>gementâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s Report and<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, in doing <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>so, conside<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r whether M<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>anageme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ntâs Report<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> is materia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>lly inconsi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>stent w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ith the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Fi-nancial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Stateme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nts or our kn<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>owledge<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> obtained in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, or other-wise appe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ars to be ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>teriall<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>y misstate<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d. <span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Mo<span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">reover, we con<span class="_ _2"/>sidered w<span class="_ _2"/>hethe<span class="_ _2"/>r Manage<span class="_ _2"/>mentâs Report i<span class="_ _2"/>ncl<span class="_ _2"/>udes the </span>disclosure<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s require<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d by the D<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>anish Fina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ncial Sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tements A<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ct.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Based on the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> work we ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ve pe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rformed, in o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ur view, Ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nage<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>mentâs Re-view is in ac<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>cordance<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> with the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Consolida<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ted Financ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ial Sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s and the Parent<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Company Fina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ncia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>l State<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ments and ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s been pr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>epared in accordance<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> with the re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>quirem<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ents of the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Danish Fina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ncial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ements Act. We did n<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ot identi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>fy any <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>materia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>l misstate<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ment in Ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nagement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>âs Report.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span></arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx-1" id="s11_notes__9__155" xml:lang="en">Manage<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>mentâs respo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nsibilit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ies for the F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>inancia<span xmlns="http://www.w3.org/1999/xhtml" class="ls6 ws8">l Statements<span class="ls0 ws0"> </span></span>Manage<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ment is respon<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sible fo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r the prepa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ration of con<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>solidated finan-cial sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s and parent com<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>pany financ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ial sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tements t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hat give a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> true and fa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ir view in acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ordance with Int<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ernational<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Financia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>l Reporting Standards as a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>dopted by<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the EU a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd further re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>quireme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nts in the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Dan-ish Financia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>l State<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ments Act<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, and for s<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>uch inte<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rnal control<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> as Ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nage-ment dete<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rmines is nece<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ssary<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> to enabl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e the pre<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>paration of <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>financial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> stateme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nts that a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>re free from<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> mate<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rial missta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, whether due t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>o fraud or er<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ror.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>In <span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">preparing t<span class="_ _2"/>he Financ<span class="_ _2"/>ial Stat<span class="_ _2"/>ements, Ma<span class="_ _2"/>nagement<span class="_ _2"/> is responsibl<span class="_ _2"/>e for </span>assessin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>g the Groupâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s and the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Parent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ompanyâs ab<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ility to c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ontinue as a going conce<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rn, disclo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>sing, as applica<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ble, mat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ters rel<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ated to goin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>g concern and <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>using the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> going c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>oncern basi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s of accounti<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ng unless Man-agement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> either inte<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nds to liq<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>uidate the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Group or the Pa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ompany or to cease<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> operation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s, or has <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>no realist<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ic alte<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rnative but<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> to do so<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span></arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx-1" id="s11_notes__9__156" xml:lang="en">Auditorâs re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sponsi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>bilities f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> audit of the F<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>inancial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ements<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Our obje<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ctives are<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> to obtain r<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>easonabl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e assurance<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> about w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hether the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Finan<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cial Statem<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ents as<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> a whole are free f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>rom mat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>erial mis<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>statemen<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t, whether due<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> to fraud or e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rror,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and to issue<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> an auditor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>âs repo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rt that in-cludes our o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>pinion. R<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>easonabl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e assurance<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> is a high l<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>evel of a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ssurance, but is not a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> guarante<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e that a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n audit conduc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ted in acco<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rdanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e with ISA<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s and the a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>dditional requi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>rements applicabl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e in Denma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rk will<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> alway<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s de-tect a mater<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ial miss<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>tatement <span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>when i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>t exists<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>. Misstat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ements can ar<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ise from fraud or e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rror and are<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> co<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nsidered mat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erial if, <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>individua<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>lly or in the aggregat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e, they coul<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d reason<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ably be<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> expect<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed to influenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e the ec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>o-nomic deci<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sions of use<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rs take<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n on the basi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s of these <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>Financia<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>l State<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>-ments.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>As part of a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n audit in a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ccordanc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e with ISA<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s and the addit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ional require-ments appl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>icable i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n Denmark,<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> we ex<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ercise profess<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ional j<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>udgment a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd maintain pro<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>fessi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>onal scept<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>icism throu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ghout the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> audit. <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>We also: <span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">Identify a<span class="_ _2"/>nd assess t<span class="_ _2"/>he risk<span class="_ _2"/>s of mate<span class="_ _2"/>rial missta<span class="_ _2"/>tement<span class="_ _2"/> of the Fina<span class="_ _2"/>n-</span>cial Sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tements, w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hether due <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>to fraud o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r error, de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sign and <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>perform audit proced<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ures res<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ponsive<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> to those ri<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sks, and obta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>in audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/> evi-dence tha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t is sufficie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nt and ap<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>propriate<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> to provide<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> a basis fo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r our opinion. T<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he risk of not<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> detect<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ing a mat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>erial misst<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ateme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nt resulting from fraud is <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>higher t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>han for <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>one result<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ing from err<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or, as fr<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>aud may involve col<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>lusion<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, forgery, <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>intent<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ional omiss<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ions, misre<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>prese<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nta-tions, or the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> override<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of intern<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>al cont<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rol.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">Obtain an un<span class="_ _2"/>derstandi<span class="_ _2"/>ng of in<span class="_ _2"/>ternal<span class="_ _2"/> control rel<span class="_ _2"/>evant to t<span class="_ _2"/>he audit in </span>order to des<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ign audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> procedu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>res that<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> are appropria<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>te in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he circum-stances, but <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>not for t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he purpo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>se of express<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ing an opinion on t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he ef-fectivene<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ss of the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Groupâs an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d the Parent C<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ompanyâ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s interna<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>l con-trol.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">Evalua<span class="_ _2"/>te the a<span class="_ _2"/>ppropriateness <span class="_ _31"/>of accounting poli<span class="_ _2"/>cies used a<span class="_ _2"/>nd the </span>reasonabl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>eness of acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ountin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>g estima<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tes and re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>late<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d disclosure<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s made by M<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>anagement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">Conclude<span class="_ _2"/> on the appro<span class="_ _2"/>priaten<span class="_ _2"/>ess of Mana<span class="_ _2"/>gementâs <span class="_ _2"/>use of the<span class="_ _2"/> going </span>concern bas<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>is of acc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ounting a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd based on t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> evidenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e ob-tained, whe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ther a ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>terial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> uncertainty<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> exists rel<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ated to e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>vents or conditions t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hat may ca<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>st signi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ficant dou<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>bt on the G<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>roupâs a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd the Parent Com<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>panyâs ab<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ility to c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ontinue as a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> going co<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ncern. If <span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>we con-clude tha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t a mate<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rial unce<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rtainty exists, we<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> are requi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>red to draw at-tention in o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ur audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>orâs repo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rt to the rel<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ated disc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>losures in t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>he Fi-nancial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Stateme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nts or, if suc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>h disclosu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>res are<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> inadequate<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, to modif<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>y our opinio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n. Our concl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>usions <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>are base<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d on the audit e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>vidence<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> ob-tained up to t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he date of o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ur auditorâs rep<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ort. Howev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>er, futu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>re events or con<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>dition<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s may cau<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>se the Group <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or the Pare<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nt Compa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ny to cease<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> to continue as a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> goin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>g conce<span xmlns="http://www.w3.org/1999/xhtml" class="ls22 ws45">rn.<span class="ls0 ws0"> </span></span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">Evalua<span class="_ _2"/>te the ove<span class="_ _2"/>rall prese<span class="_ _2"/>ntation, st<span class="_ _2"/>ructure<span class="_ _2"/> and content o<span class="_ _2"/>f the<span class="_ _2"/> Fi-</span>nancial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Stateme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nts, including<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/> the disclosures, and w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>hether the Fi-nancial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Stateme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nts represent<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/> the underlying tran<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>saction<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s and events in a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> manner tha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t gives <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>a true and fa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ir view.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">Obtain suffic<span class="_ _31"/>ient appropriate<span class="_ _2"/> audit e<span class="_ _2"/>vidence re<span class="_ _2"/>garding the<span class="_ _2"/> financia<span class="_ _2"/>l </span>informati<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>on of the e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ntities or <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>business a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ctivities w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ithin the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Group t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>o express an opi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>nion on the Consol<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>idated Fina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ncial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Stateme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nts. We are responsi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ble for the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> direct<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ion, supe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rvision an<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>d performance of the group au<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>dit. We re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>main sol<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ely re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sponsible fo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r our audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> opinion.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>We communic<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ate wit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>h those cha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rged with go<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>vernance<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> rega<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rding, among other ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tters<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>, the planne<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d scope a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd timing of t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and significant<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> audit find<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>ings, including any <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>significa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nt<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>de<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ficiencie<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s in inter-nal control<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> that we<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> identify d<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>uring our aud<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>it.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>We also provi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>de those c<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>harged w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ith governan<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ce wit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>h a state<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ment that<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> we have<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> complied w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ith relev<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ant ethical<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> requirement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s regarding i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>nde-pendence, a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd to commun<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ica<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>te with t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hem all<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> relationsh<span xmlns="http://www.w3.org/1999/xhtml" class="ws9">ips and other </span>matters t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hat may re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>asonably<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> be thought to <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>bear on ou<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r inde<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>pendence<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> and, where a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>pplicabl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e, action<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s take<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n to elimina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>te threa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ts or safegua<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rds applied.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>From the mat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ters com<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>municat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed with those<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> charged wit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>h gove<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rnance, we dete<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rmine those ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tters tha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t were<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of most signif<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>icance <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>in the audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of the Financ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ial Sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tement<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s of the current pe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>riod and a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>re the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>refore the key audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> matters. We<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> describ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e these<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> matte<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rs in our auditor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>âs report<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> unless la<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>w or regula<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tion precl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>udes public <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>disclos<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ure about t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he mat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ter.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:AuditorsReportOnXbrlTagging contextRef="ctx-1" id="s11_notes__9__157" xml:lang="en">R<span xmlns="http://www.w3.org/1999/xhtml" class="lsc ws28">eport on compliance with the ESEF R<span class="_ _0"/>egulation</span> As part of ou<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r audit o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>f the Fina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ncial Sta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tements w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e perfor<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>med proce-dures to expre<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ss an op<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>inion o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n whether t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he annual<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> report of GN <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>Store Nord A/S fo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r the financ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ial ye<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ar 1<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>January<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> to 31 Dec<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ember 20<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>22 with the file<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls6 ws8">name <span class="ls5 ws7">GNStoreNord<span class="ls0 ws0">-<span class="ls9 wsc">2022</span>-<span class="ls9 wsc">12</span>-<span class="ls9 wsc">31.zip</span> </span>is prepared, in a<span class="_ _2"/>ll ma<span class="_ _2"/>terial<span class="_ _2"/> </span></span>respects, i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n complianc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e with t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he Commissio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n D<span xmlns="http://www.w3.org/1999/xhtml" class="ls6 ws8">elegated Regulati<span class="_ _0"/>on </span>(EU) 20<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>19/815<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> on the Europea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n Single Ele<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ctronic Forma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t (E<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>SEF Regu-lation)<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> which include<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s require<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ments re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>lated t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>o the prepa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ration of<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> <span class="ls2e ws51">the </span></span>annual re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>port in XHTML<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> form<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>at and iXBRL<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> tagging of t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he Consolida<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ted Financial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Stateme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nts includ<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ing notes.<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Manage<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ment is respon<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sible fo<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r preparin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>g an annual<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> report t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hat com-plies wit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>h the ESEF Re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>gulatio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n. This re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>sponsibil<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ity inclu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>des:<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls6 ws8">The <span class="ls5 ws7">preparing of the<span class="_ _2"/> annual<span class="_ _2"/> report in X<span class="_ _2"/>HTML format;<span class="_ _31"/><span class="ls0 ws0"> </span></span></span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">The sele<span class="_ _2"/>ction and appl<span class="_ _2"/>ication <span class="_ _2"/>of appropria<span class="_ _2"/>te iXBRL t<span class="_ _2"/>ags, inc<span class="_ _2"/>luding </span>extensions t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>o the ESEF t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>axon<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>omy and the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> anchoring t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>hereof t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>o ele-ments in the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> taxonom<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>y, for all<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> financial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> informat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ion require<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/>d to be tagged usin<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>g judgment w<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>here<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> necessary;<span xmlns="http://www.w3.org/1999/xhtml" class="_ _31"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">Ensuring co<span class="_ _2"/>nsiste<span class="_ _2"/>ncy betwee<span class="_ _2"/>n iXBRL ta<span class="_ _2"/>gged data a<span class="_ _2"/>nd the C<span class="_ _2"/>onsoli-</span>dated Fina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ncial Stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ements p<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>resente<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d in human<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">-<span class="_ _2"/><span class="ls5 ws7">readabl<span class="_ _2"/>e format; </span></span>and<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">For such inte<span class="_ _2"/>rnal c<span class="_ _2"/>ontrol as M<span class="_ _2"/>anage<span class="_ _2"/>ment dete<span class="_ _2"/>rmines nece<span class="_ _2"/>ssary to </span>enable<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> the prepa<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ration of an <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>annual re<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>port that is co<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>mpliant<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> with the ESEF Regul<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>Our respons<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ibility i<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s to obtain <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>reasonabl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e assurance<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> on whe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ther the a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n-nual report<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> is prepare<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d, in al<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>l mate<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>rial respe<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>cts, in compl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>iance<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> with the ESEF Regul<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ation base<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>d on th<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e evidenc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e we have<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> obtained, a<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nd to issue a report tha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>t includes o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ur opi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nion. The na<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ture, ti<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ming and e<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xtent of procedure<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s select<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ed depend o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n the audit<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>orâs judg<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ment, inc<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>luding the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> assessment<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of the risk<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s of ma<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>terial<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> departure<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s from the req<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>uirements set out in the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> ESEF Regul<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>atio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n, whether<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>due t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>o fraud o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>r error. <span xmlns="http://www.w3.org/1999/xhtml" class="ls6 ws8">The </span>procedure<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s include:<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">Testing whe<span class="_ _2"/>ther the a<span class="_ _2"/>nnual r<span class="_ _2"/>eport is pre<span class="_ _2"/>pared in X<span class="_ _2"/>HTML forma<span class="_ _2"/>t;<span class="ls0 ws0"> </span></span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">Obtaining a<span class="_ _2"/>n underst<span class="_ _2"/>anding o<span class="_ _2"/>f the company<span class="_ _31"/><span class="ls0 ws0">â<span class="_ _0"/><span class="ls5 ws7">s iXBRL ta<span class="_ _2"/>gging pro-</span></span></span>cess and of <span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>internal<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> control o<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ver the ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>gging process<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>;<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">Evalua<span class="_ _2"/>ting the compl<span class="_ _2"/>eteness <span class="_ _2"/>of the iXBR<span class="_ _2"/>L taggi<span class="_ _2"/>ng of the C<span class="_ _2"/>onsoli-</span>dated Fina<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ncial Stat<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ements in<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>cluding n<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>otes;<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/><span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">Evalua<span class="_ _2"/>ting the approp<span class="_ _2"/>riatene<span class="_ _2"/>ss of the c<span class="_ _2"/>ompany<span class="ls0 ws0">â</span>s use<span class="_ _2"/> of iX<span class="_ _2"/>BRL ele<span class="_ _2"/>-</span>ments sel<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ected from t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he ESEF ta<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>xonomy and t<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>he crea<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>tion of ext<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>en-sion eleme<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>nts where<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> no suitabl<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>e ele<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ment in the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> ESEF<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>taxonomy ha<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>s been ident<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ified; <span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">Evalua<span class="_ _2"/>ting the use of a<span class="_ _2"/>nchori<span class="_ _2"/>ng of extensi<span class="_ _2"/>on ele<span class="_ _2"/>ments to el<span class="_ _2"/>ements </span>in the ESE<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>F taxonomy<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>; and<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>â¢<span xmlns="http://www.w3.org/1999/xhtml" class="ff7"> <span class="_ _2f"> </span></span><span xmlns="http://www.w3.org/1999/xhtml" class="ls2d ws50">Reconciling the iXBRL</span> <span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">tagge<span class="_ _2"/>d data<span class="_ _2"/> with the a<span class="_ _2"/>udited Consol<span class="_ _2"/>idat<span class="_ _2"/>ed </span>Finan<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>cial Statem<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ents.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span>In our opinio<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>n, the ann<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ual report<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> of GN Store<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> Nord A/S f<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>or the<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/> financial year 1 Janu<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ary to 31 D<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ecemb<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>er 2022 with<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/> the file n<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>ame <span xmlns="http://www.w3.org/1999/xhtml" class="ls5 ws7">GNStoreNord<span class="ls0 ws0">-</span></span>202<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">2-</span>12<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0">-</span>31.zi<span xmlns="http://www.w3.org/1999/xhtml" class="_ _0"/>p<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> <span class="ls5 ws7">is prepared<span class="_ _2"/>, in al<span class="_ _2"/>l material<span class="_ _2"/> respects, in com<span class="_ _31"/>pliance with </span></span>the ESEF Regul<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>ation<span xmlns="http://www.w3.org/1999/xhtml" class="_ _2"/>.<span xmlns="http://www.w3.org/1999/xhtml" class="ls0 ws0"> </span></arr:AuditorsReportOnXbrlTagging>
<arr:SignatureOfAuditorsPlace contextRef="ctx-1" id="s11_notes__9__158" xml:lang="en">Hellerup</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx-1" id="s11_notes__9__159">2023-02-09</arr:SignatureOfAuditorsDate>
<cmn:NameOfAuditFirm contextRef="ctx-60" id="s11_notes__9__160" xml:lang="en">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
<cmn:NameOfAuditFirm contextRef="ctx-61" id="s11_notes__9__162" xml:lang="en">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx-60" id="s11_notes__9__161" xml:lang="en">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx-61" id="s11_notes__9__163" xml:lang="en">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameAndSurnameOfAuditor contextRef="ctx-60" id="s11_notes__9__164" xml:lang="en">Mads Melgaard</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx-60" id="s11_notes__9__165" xml:lang="en">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx-60" id="s11_notes__9__166" xml:lang="en">mne34354</cmn:IdentificationNumberOfAuditor>
<cmn:NameAndSurnameOfAuditor contextRef="ctx-61" id="s11_notes__9__167" xml:lang="en">Søren Ãrjan Jensen</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx-61" id="s11_notes__9__168" xml:lang="en">State Authorised Public Accountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx-61" id="s11_notes__9__169" xml:lang="en">mne33226</cmn:IdentificationNumberOfAuditor>
<gsd:NameOfReportingEntity contextRef="ctx-1" id="s11_notes__9__176" xml:lang="en">GN Store Nord A/S</gsd:NameOfReportingEntity>
<gsd:NameOfSubmittingEnterprise contextRef="ctx-1" id="s11_notes__9__186" xml:lang="en">GN Store Nord A/S</gsd:NameOfSubmittingEnterprise>
<gsd:AddressOfReportingEntityStreetName contextRef="ctx-1" id="s11_notes__9__177" xml:lang="en">Lautrupbjerg</gsd:AddressOfReportingEntityStreetName>
<gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="ctx-1" id="s11_notes__9__187" xml:lang="en">Lautrupbjerg 7</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
<gsd:AddressOfReportingEntityStreetBuildingIdentifier contextRef="ctx-1" id="s11_notes__9__178" xml:lang="en">7</gsd:AddressOfReportingEntityStreetBuildingIdentifier>
<gsd:AddressOfReportingEntityPostCodeIdentifier contextRef="ctx-1" id="s11_notes__9__179" xml:lang="en">2750</gsd:AddressOfReportingEntityPostCodeIdentifier>
<gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="ctx-1" id="s11_notes__9__188" xml:lang="en">2750 Ballerup</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
<gsd:AddressOfReportingEntityDistrictName contextRef="ctx-1" id="s11_notes__9__180" xml:lang="en">Ballerup</gsd:AddressOfReportingEntityDistrictName>
<gsd:AddressOfReportingEntityCountry contextRef="ctx-1" id="s11_notes__9__181" xml:lang="en">Denmark</gsd:AddressOfReportingEntityCountry>
<gsd:TelephoneNumberOfReportingEntity contextRef="ctx-1" id="s11_notes__9__182" xml:lang="en">+45 45 75 00 00</gsd:TelephoneNumberOfReportingEntity>
<gsd:EmailOfReportingEntity contextRef="ctx-1" id="s11_notes__9__183" xml:lang="en">info@gn.com</gsd:EmailOfReportingEntity>
<gsd:HomepageOfReportingEntity contextRef="ctx-1" id="s11_notes__9__184" xml:lang="en">gn.com</gsd:HomepageOfReportingEntity>
<gsd:IdentificationNumberCvrOfReportingEntity contextRef="ctx-1" id="s11_notes__9__185" xml:lang="en">24257843</gsd:IdentificationNumberCvrOfReportingEntity>
<gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="ctx-1" id="s11_notes__9__189" xml:lang="en">24257843</gsd:IdentificationNumberCvrOfSubmittingEnterprise>
<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx-1" xml:lang="en">Annual report</gsd:InformationOnTypeOfSubmittedReport>
<cmn:TypeOfAuditorAssistance contextRef="ctx-1" xml:lang="en">Auditor's report on audited financial statements</cmn:TypeOfAuditorAssistance>
<gsd:ToolForPreparingTheXBRLInstanceDocument contextRef="ctx-1" xml:lang="en">ParsePort XBRL Converter</gsd:ToolForPreparingTheXBRLInstanceDocument>
<gsd:ReportingPeriodStartDate contextRef="ctx-1" xml:lang="en">2022-01-01</gsd:ReportingPeriodStartDate>
<gsd:ReportingPeriodEndDate contextRef="ctx-1" xml:lang="en">2022-12-31</gsd:ReportingPeriodEndDate>
<gsd:PrecedingReportingPeriodStartDate contextRef="ctx-1" xml:lang="en">2021-01-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="ctx-1" xml:lang="en">2021-12-31</gsd:PredingReportingPeriodEndDate>
<gsd:LegalEntityIdentifierOfReportingEntity contextRef="ctx-1" xml:lang="en">5493008U3H3W0NKPFL10</gsd:LegalEntityIdentifierOfReportingEntity>
<fsa:ClassOfReportingEntity contextRef="ctx-1" xml:lang="en">Reporting class D</fsa:ClassOfReportingEntity>
<arr:TypeOfModifiedOpinionOnAuditedFinancialStatements contextRef="ctx-1" xml:lang="en">Opinion</arr:TypeOfModifiedOpinionOnAuditedFinancialStatements>
<arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements contextRef="ctx-1" xml:lang="en">Basis for Opinion</arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements>
</xbrli:xbrl>