Assets
| Type | Time | Amount | Unit |
|---|---|---|---|
| ifrs-full:Assets | 2023-06-30 | 2303851000 | vDKK |
| ifrs-full:Assets | 2022-06-30 | 2222675000 | vDKK |
| ifrs-full:Assets | 2021-06-30 | 9348734000 | vDKK |
| ifrs-full:Assets | 2020-06-30 | 9292418000 | vDKK |
| ifrs-full:Assets | 2019-06-30 | 9241824000 | vDKK |
Revenue
| Type | Start date | End date | Amount | Unit |
|---|---|---|---|---|
| ifrs-full:Revenue | 2022-07-01 | 2023-06-30 | 603982000 | vDKK |
| ifrs-full:Revenue | 2021-07-01 | 2022-06-30 | 536395000 | vDKK |
| ifrs-full:Revenue | 2020-07-01 | 2021-06-30 | 587065000 | vDKK |
| ifrs-full:Revenue | 2019-07-01 | 2020-06-30 | 595188000 | vDKK |
| ifrs-full:Revenue | 2018-07-01 | 2019-06-30 | 577121000 | vDKK |
XML
See the xml submitted here:
XML: http://regnskaber.virk.dk/81274267/amNsb3VkczovLzAzLzk2L2IyL2VlLzkyLzJhMjAtNGY3OS04ODFiLWFmOGUyOTkxZWZkOQ.xml
Separator
The full data:
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<sob:StatementByExecutiveAndSupervisoryBoards contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>STATEMENT BY THE BOARD OF DIRECTORS AND THE EXECUTIVE BOARD</td></tr></table></sob:StatementByExecutiveAndSupervisoryBoards>
<sob:IdentificationOfApprovedAnnualReport contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Today, the Board of Directors and the Executive Board have discussed and approved the annual report of</td></tr><tr><td /><td>Microsoft Development Center Copenhagen ApS ("the Company") for the financial year</td></tr><tr><td /><td>1 July 2022 - 30 June 2023.</td></tr></table></sob:IdentificationOfApprovedAnnualReport>
<sob:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>The annual report has been prepared in accordance with the Danish Financial Statements Act.</td></tr></table></sob:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement>
<sob:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>In our opinion, the company's financial statements give a true and fair view of the Company's financial</td></tr><tr><td /><td>position at 30 June 2023 and of the results of the Company's operations for the financial year 1 July 2022</td></tr><tr><td /><td>- 30 June 2023.</td></tr></table></sob:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults>
<sob:ConfirmationThatSupplementaryReportsGiveTrueAndFairViewInAccordanceWithGenerallyAcceptedGuidelinesForSuchReports contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Further, in our opinion, the Management's review gives a fair review of the development in the Company's</td></tr><tr><td /><td>operations and financial matters and the results of the Company's operations and financial position.</td></tr></table></sob:ConfirmationThatSupplementaryReportsGiveTrueAndFairViewInAccordanceWithGenerallyAcceptedGuidelinesForSuchReports>
<sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>We recommend that the annual report be approved at the annual general meeting.</td></tr></table></sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting>
<arr:IndependentAuditorsReportsAudit contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Independent auditor's report</td></tr></table></arr:IndependentAuditorsReportsAudit>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>To the shareholders of Microsoft Development Center Copenhagen ApS</td></tr></table></arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Opinion</td></tr><tr><td /><td>We have audited the financial statements of Microsoft Development Center Copenhagen ApS for the</td></tr><tr><td /><td>financial year 1 July 2022 - 30 June 2023, which comprise the income statement, balance sheet,</td></tr><tr><td /><td>statement of changes in equity and notes, including a summary of significant accounting policies. The</td></tr><tr><td /><td>financial statements are prepared in accordance with the Danish Financial Statements Act.</td></tr><tr><td /><td>In our opinion, the financial statements give a true and fair view of the Entity's financial position at 30</td></tr><tr><td /><td>June 2023, and of the results of its operations for the financial year 1 July 2022 - 30 June 2023 in</td></tr><tr><td /><td>accordance with the Danish Financial Statements Act.</td></tr></table></arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Basis for opinion</td></tr><tr><td /><td>We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional</td></tr><tr><td /><td>requirements applicable in Denmark. Our responsibilities under those standards and requirements are</td></tr><tr><td /><td>further described in the "Auditorâs responsibilities for the audit of the financial statements" section of this</td></tr><tr><td /><td>auditorâs report. We are independent of the Entity in accordance with the International Ethics Standards</td></tr><tr><td /><td>Board for Accountantsâ International Code of Ethics for Professional Accountants (IESBA Code) and the</td></tr><tr><td /><td>additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical</td></tr><tr><td /><td>responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit</td></tr><tr><td /><td>evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr></table></arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Management's responsibilities for the financial statements</td></tr><tr><td /><td>Management is responsible for the preparation of financial statements that give a true and fair view in</td></tr><tr><td /><td>accordance with the Danish Financial Statements Act, and for such internal control as Management</td></tr><tr><td /><td>determines is necessary to enable the preparation of financial statements that are free from material</td></tr><tr><td /><td>misstatement, whether due to fraud or error.</td></tr><tr><td /><td>In preparing the financial statements, Management is responsible for assessing the Entityâs ability to</td></tr><tr><td /><td>continue as a going concern, for disclosing, as applicable, matters related to going concern, and for using</td></tr><tr><td /><td>the going concern basis of accounting in preparing the financial statements unless Management either</td></tr><tr><td /><td>intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so.</td></tr></table></arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Auditor's responsibilities for the audit of the financial statements</td></tr><tr><td /><td>Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are</td></tr><tr><td /><td>free from material misstatement, whether due to fraud or error and to issue an auditor's report that</td></tr><tr><td /><td>includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an</td></tr><tr><td /><td>audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will</td></tr><tr><td /><td>always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are</td></tr><tr><td /><td>considered material if, individually or in the aggregate, they could reasonably be expected to influence the</td></tr><tr><td /><td>economic decisions of users taken on the basis of these financial statements.</td></tr><tr><td /><td>As part of an audit conducted in accordance with ISAs and the additional requirements applicable in</td></tr><tr><td /><td>Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit.</td></tr><tr><td /><td>We also</td></tr><tr><td /><td>⢠Identify and assess the risks of material misstatement of the financial statements, whether due to</td></tr><tr><td /><td>fraud or error, design and perform audit procedures responsive to those risks, and obtain audit</td></tr><tr><td /><td>evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not</td></tr><tr><td /><td>detecting a material misstatement resulting from fraud is higher than for one resulting from error, as</td></tr><tr><td /><td>fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of</td></tr><tr><td /><td>internal control.</td></tr><tr><td /><td>⢠Obtain an understanding of internal control relevant to the audit in order to design audit procedures</td></tr><tr><td /><td>that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the</td></tr><tr><td /><td>effectiveness of the Entityâs internal control.</td></tr><tr><td /><td>⢠Evaluate the appropriateness of accounting policies used and the reasonableness of accounting</td></tr><tr><td /><td>estimates and related disclosures made by Management.</td></tr><tr><td /><td>⢠Conclude on the appropriateness of Managementâs use of the going concern basis of accounting in</td></tr><tr><td /><td>preparing the financial statements, and, based on the audit evidence obtained, whether a material</td></tr><tr><td /><td>uncertainty exists related to events or conditions that may cast significant doubt on the Entityâs</td></tr><tr><td /><td>ability to continue as a going concern. If we conclude that a material uncertainty exists, we are</td></tr><tr><td /><td>required to draw attention in our auditorâs report to the related disclosures in the financial</td></tr><tr><td /><td>statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are</td></tr><tr><td /><td>based on the audit evidence obtained up to the date of our auditorâs report. However, future events</td></tr><tr><td /><td>or conditions may cause the Entity to cease to continue as a going concern.</td></tr><tr><td /><td>⢠Evaluate the overall presentation, structure and content of the financial statements, including the</td></tr><tr><td /><td>disclosures in the notes, and whether the financial statements represent the underlying</td></tr><tr><td /><td>transactions and events in a manner that gives a true and fair view.</td></tr><tr><td /><td>We communicate with those charged with governance regarding, among other matters, the planned</td></tr><tr><td /><td>scope and timing of the audit and significant audit findings, including any significant deficiencies in</td></tr><tr><td /><td>internal control that we identify during our audit.</td></tr><tr><td /><td>Statement on the management commentary</td></tr><tr><td /><td>Management is responsible for the management commentary.</td></tr><tr><td /><td>Our opinion on the financial statements does not cover the management commentary, and we do not</td></tr><tr><td /><td>express any form of assurance conclusion thereon.</td></tr><tr><td /><td>In connection with our audit of the financial statements, our responsibility is to read the Management's</td></tr><tr><td /><td>review and, in doing so, consider whether the management commentary is materially inconsistent with the</td></tr><tr><td /><td>financial statements or our knowledge obtained in the audit or otherwise appears to be materially</td></tr><tr><td /><td>misstated.</td></tr><tr><td /><td>Moreover, it is our responsibility to consider whether the management commentary provides the</td></tr><tr><td /><td>information required under the Danish Financial Statements Act.</td></tr><tr><td /><td>Based on the work we have performed, we conclude that the management commentary is in accordance</td></tr><tr><td /><td>with the financial statements and has been prepared in accordance with the requirements of the Danish</td></tr><tr><td /><td>Financial Statements Act. We did not identify any material misstatement of the management commentary.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
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<fsa:Revenue contextRef="ctx1" unitRef="vDKK" decimals="-3">603982000</fsa:Revenue>
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<fsa:ProfitLoss contextRef="ctx1" unitRef="vDKK" decimals="-3">61591000</fsa:ProfitLoss>
<fsa:InvestmentInPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">63500000</fsa:InvestmentInPropertyPlantAndEquipment>
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<mrv:EquityRatio contextRef="ctx1" unitRef="pure" decimals="3">0.939</mrv:EquityRatio>
<mrv:ReturnOnEquity contextRef="ctx1" unitRef="pure" decimals="3">0.014</mrv:ReturnOnEquity>
<fsa:AverageNumberOfEmployees contextRef="ctx1" unitRef="pure" decimals="0">316</fsa:AverageNumberOfEmployees>
<mrv:InformationOnCalculationOfKeyFiguresAndFinancialRatios contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Financial ratios are calculated in accordance with the current version of Danish Finance Society's</td></tr><tr><td colspan="1">Recommendations and Financial Ratios.</td></tr><tr><td colspan="1">The financial ratios stated under "Financial highlights" have been calculated as follows</td></tr><tr><td colspan="1">Operating margin = Operating profit (EBIT) x 100 / Revenue</td></tr><tr><td colspan="1">Equity ratio = Equity excl. non-controlling interests, year-end x 100 / TotalEquity and liabilities, year-end</td></tr><tr><td colspan="1">Return on equity = Profit/loss forthe year excl. non-controlling interests X 100 / Average equity excl.non-controlling interests</td></tr></table></mrv:InformationOnCalculationOfKeyFiguresAndFinancialRatios>
<mrv:ManagementsReview contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>MANAGEMENT'S REVIEW</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Management commentary</td></tr></table></mrv:ManagementsReview>
<mrv:DescriptionOfPrimaryActivitiesOfEntity contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Business review</td></tr><tr><td /><td>Microsoft Development Center Copenhagen ApS (Company) is one of Microsoftâs strategic international</td></tr><tr><td /><td>development centers. The Company is principally involved in research and development of software and</td></tr><tr><td /><td>information technology related products in areas such as Microsoft Dynamics 365 (business applications),</td></tr><tr><td /><td>GitHub (developer tools) and Visual Studio App Center (app tools and testing), as well as Quantum</td></tr><tr><td /><td>research activities.</td></tr></table></mrv:DescriptionOfPrimaryActivitiesOfEntity>
<mrv:DescriptionOfResearchAndDevelopmentActivitiesInAndForReportingEntity contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Research and development activities</td></tr><tr><td /><td>Microsoft Development Center Copenhagen ApS drives high quality engineering and advanced research</td></tr><tr><td /><td>to empower Microsoft partners and customers across the globe.</td></tr><tr><td /><td>With Microsoft Dynamics 365 we bring together the power of intelligent cloud, business applications and</td></tr><tr><td /><td>AI to enable businesses to accelerate their digital transformation, increase their productivity and achieve</td></tr><tr><td /><td>more.</td></tr><tr><td /><td>Our Visual Studio App Center enables fully automatic testing of mobile apps on all conceivable models of</td></tr><tr><td /><td>Android and iOS devices and operating systems. Another team is dedicating efforts to the toolsâ backend</td></tr><tr><td /><td>registry, which forms the heart of the javascript ecosystem today at GitHub and NPM, inc. for better</td></tr><tr><td /><td>serving, supporting, and inspiring the developer community. The Quantum team is driving the scientific</td></tr><tr><td /><td>research and innovation of groundbreaking technologies, that will enable the future of computing.</td></tr></table></mrv:DescriptionOfResearchAndDevelopmentActivitiesInAndForReportingEntity>
<mrv:DescriptionOfDevelopmentInActivitiesAndFinancialAffairs contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Financial review</td></tr><tr><td /><td>Microsoft Dynamics 365 and other Microsoft solutions are marketed through Microsoftâs worldwide</td></tr><tr><td /><td>subsidiaries who work with an ecosystem of local and international partners that sell, customize, and</td></tr><tr><td /><td>deploy the products to customers.</td></tr><tr><td /><td>The net turnover for Microsoft Development Center Copenhagen ApS consists of intra-group commission</td></tr><tr><td /><td>based on cost plus a mark-up.</td></tr><tr><td /><td>The Company's revenue for the year amounted to DKK 604 million (2022: DKK 536 million). For</td></tr><tr><td /><td>2022/2023 the expectations for the revenue were set to increase by up to 10% in comparison to prior</td></tr><tr><td /><td>year. The increase of 12% in the revenue is slightly above the expectations previously expressed.</td></tr><tr><td /><td>Net result for the year amounted to DKK 62 million and is above the expectations due to higher interest</td></tr><tr><td /><td>income received in the year 2022/2023, while the prior year loss of DKK -7,098 million was affected by</td></tr><tr><td /><td>settlement of the tax dispute between the Company and Danish Tax Agency in connection to the income</td></tr><tr><td /><td>years 2003 and 2005. The tax settlement is considered as a non-recurring event and not attributable to</td></tr><tr><td /><td>primary business activity of Microsoft Development Center Copenhagen ApS. The liability with Danish</td></tr><tr><td /><td>Tax Agency was fully settled in prior fiscal year and the Company has accumulated sufficient equity</td></tr><tr><td /><td>reserves to continue operating as going concern with no disruption to business activities of the Company.</td></tr><tr><td /><td>Management assesses this result as satisfactory.</td></tr></table></mrv:DescriptionOfDevelopmentInActivitiesAndFinancialAffairs>
<mrv:DescriptionOfTheEntitysUseOfFinancialInstruments contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Financial risks and use of financial instruments</td></tr><tr><td /><td>Microsoft Development Center Copenhagen ApS does not bear significant operational risks with respect</td></tr><tr><td /><td>to provided services as being compensated by group entities for its provision of these services based on</td></tr><tr><td /><td>cost plus model.</td></tr><tr><td /><td>The financial risk of credit losses on receivables is not considered as significant since the larger part of</td></tr><tr><td /><td>the Companyâs receivables are receivables from related parties. The tax liability for the years 2003 and</td></tr><tr><td /><td>2005 was settled in prior year and resulted in an outflow of receivable funds the same year, yet current</td></tr><tr><td /><td>liquidity position of the Companyâs remains satisfactory.</td></tr><tr><td /><td>Due to its solvency and business structure, the Companyâs exposure to the changes in interest rates,</td></tr><tr><td /><td>currency and market fluctuations is considered non-substantial.</td></tr></table></mrv:DescriptionOfTheEntitysUseOfFinancialInstruments>
<mrv:StatementOfPolicyForDataEthics contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Statement on Data Ethics</td></tr><tr><td /><td>Microsoft Group has a long-standing commitment to earn the trust of our customers, employees,</td></tr><tr><td /><td>communities, and partners. We are optimistic about the benefits of technology, yet clear about the</td></tr><tr><td /><td>challenges. To drive positive impact with technology, people need to be able to trust the technologies</td></tr><tr><td /><td>they use and the companies behind them. Microsoft Development Center ApS follows the Groupâs</td></tr><tr><td /><td>(Microsoft) data ethics policies and practices developed as a part of the commitment to Earn Trust, which</td></tr><tr><td /><td>are grouped into three pillars</td></tr><tr><td /><td>⢠to respect privacy by adhering to privacy principles and balancing privacy and public safety,</td></tr><tr><td /><td>⢠to advance cybersecurity by fighting digital crime, strengthening digital safety and promoting digital</td></tr><tr><td /><td>diplomacy,</td></tr><tr><td /><td>⢠to develop and use technology responsibly by committing to transparency, regulating facial</td></tr><tr><td /><td>recognition and developing responsible AI - and empowering others to do the same.</td></tr><tr><td /><td>Across each of these pillars we strive to create solutions with lasting impact, upholding data ethics</td></tr><tr><td /><td>standards, which are an integral part of our policies.</td></tr><tr><td /><td>Further information regarding the Groupâs commitments and policies can be found on</td></tr><tr><td /><td>https://www.microsoft.com/en-us/corporate-responsibility/earn-trust</td></tr><tr><td /><td>Microsoft Privacy Statement can be found on</td></tr><tr><td /><td>https://privacy.microsoft.com/en-us/privacystatement</td></tr></table></mrv:StatementOfPolicyForDataEthics>
<mrv:StatementOfCorporateSocialResponsibility contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Corporate Responsibility</td></tr><tr><td /><td>The following sections comprise Microsoft Development Center Copenhagen ApSâ statutory reporting on</td></tr><tr><td /><td>corporate responsibility, cf. §99a in the Danish FSA.</td></tr></table></mrv:StatementOfCorporateSocialResponsibility>
<mrv:DescriptionOfTheBusinessModelOfTheEntityCorporateSocialResponsibility contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Business model</td></tr><tr><td /><td>Microsoftâs mission is to âEmpower every person and every organization on the planet to achieve moreâ,</td></tr><tr><td /><td>with a strategy to build best-in-class platforms and productivity services for a cloud-first world. People and</td></tr><tr><td /><td>organizations in every industry are increasingly looking to digital technology to overcome todayâs</td></tr><tr><td /><td>challenges and emerge stronger. Microsoft's platforms and tools are best positioned to harmonize</td></tr><tr><td /><td>interests of end users, developers, IT and to connect technology with customer needs.</td></tr><tr><td /><td>To achieve our mission and pursue our commitments today and in the future, Microsoft must ensure the</td></tr><tr><td /><td>technology we create benefits everyone on the planet, as well as the planet itself. Our mission and</td></tr><tr><td /><td>commitments guide not only the products and services we develop, but the policies and practices that</td></tr><tr><td /><td>govern our work, and our commitment to causes and communities around the world. The challenges</td></tr><tr><td /><td>facing the world are complex, and no one company, industry, or country can solve them alone, thatâs why</td></tr><tr><td /><td>at Microsoft we work across sectors and borders to foster collective action and amplify impact. We focus</td></tr><tr><td /><td>on four enduring commitments: expand opportunity; earn trust; protect fundamental rights; and advance</td></tr><tr><td /><td>sustainability.</td></tr><tr><td /><td>Microsoft Development Center Copenhagen ApSâ main activity is to operate as a strategic development</td></tr><tr><td /><td>center, particularly working with research and development. Sustainability is an integrated element in our</td></tr><tr><td /><td>businessâ purpose, activities, and strategy. Particularly, we focus on mitigating the negative impacts and</td></tr><tr><td /><td>maximizing the positive impacts of our activities within the areas of environment, climate, human rights,</td></tr><tr><td /><td>anti-corruption, as well as for our employees. Microsoft Development Center Copenhagen ApS follows</td></tr><tr><td /><td>the Groupâs (Microsoft) policies in these areas, and the following sections will highlight how we, as a</td></tr><tr><td /><td>group and locally, work to implement these in practice and drive forward our work with social and</td></tr><tr><td /><td>environmental sustainability.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Environment and climate</td></tr><tr><td /><td>Risks</td></tr><tr><td /><td>Microsoft focuses on four areas - carbon, water, waste, and ecosystems - where we have assessed that</td></tr><tr><td /><td>our most material risks related to the environment and the climate are. Within these areas, we seek to</td></tr><tr><td /><td>scale by minimizing the negative impacts of our operations and maximizing the positive impacts of our</td></tr><tr><td /><td>technology. Within the Danish context, our key risks particularly are related to the generation and</td></tr><tr><td /><td>handling of waste and energy use.</td></tr><tr><td /><td>Policies</td></tr><tr><td /><td>Microsoft has made sustainability part of its business, embedding it deeply into its governance structure.</td></tr><tr><td /><td>The Group is committed to driving robust climate programs in the battle against climate change and</td></tr><tr><td /><td>enabling others to do the same by promoting rapid policy action, helping to develop sustainability</td></tr><tr><td /><td>markets, and accelerating progress through AI-enabled solutions.</td></tr><tr><td /><td>Microsoft Group have announced a commitment to be carbon negative, water positive, zero waste by</td></tr><tr><td /><td>2030 and to preserve ecosystems by protecting more land than we use by 2025.</td></tr><tr><td /><td>Actions and results 2022/23</td></tr><tr><td /><td>As part of our climate commitment the Group has delivered on</td></tr><tr><td /><td>⢠Microsoft is investing in accelerating climate innovation through our $1B Climate Innovation Fund,</td></tr><tr><td /><td>including technologies and business models that have the potential for meaningful, measurable climate</td></tr><tr><td /><td>impact by 2030. Since 2020, Microsoft has allocated more than $700M into a global portfolio of more than</td></tr><tr><td /><td>50 investments, including sustainable solutions in energy, industrial, and natural systems.</td></tr><tr><td /><td>⢠Following the commitment to reduce Scope 2 emissions, Microsoft has invested in renewable energy</td></tr><tr><td /><td>from power purchase agreements (PPAs), green tariff programs, and unbundled renewable energy</td></tr><tr><td /><td>certificates. Microsoft is actively expanding PPA portfolio around the globe, including more than 135</td></tr><tr><td /><td>projects in 16 countries.</td></tr><tr><td /><td>⢠Microsoft has contracted for replenishment projects estimated to provide more than 15.6 million cubic</td></tr><tr><td /><td>meters in volumetric water benefit over the lifetime of these projects.</td></tr><tr><td /><td>⢠Microsoft has announced powerful new water sustainability management features in Microsoft Cloud for</td></tr><tr><td /><td>Sustainability to help Microsoft and our customers and partners meet their water commitments. Each</td></tr><tr><td /><td>quarter we strengthen the Microsoft Cloud for Sustainability, adding capabilities and investing in the</td></tr><tr><td /><td>next-generation, cloud-based sustainability data.</td></tr><tr><td /><td>Locally in Lyngby, several sustainability initiatives have been implemented throughout the year 2022/23</td></tr><tr><td /><td>as part of Microsoftâs carbon-negative 2030 strategy, such as: installation of timers on PCs, HUB / info</td></tr><tr><td /><td>screens, architectural lightning, illuminated signage to switch off from 7pm to 6am; re-use of paper hand</td></tr><tr><td /><td>towels and removal of plastic bin bags; optimization of water usage by utilization of rainwater for technical</td></tr><tr><td /><td>means and modernization of dishwashers. Our building is constructed according to the Danish Building</td></tr><tr><td /><td>Regulation BR15, which secures an energy-efficient building that meets the standards of LEED</td></tr><tr><td /><td>(Leadership in Energy and Environmental Design).</td></tr><tr><td /><td>In addition to getting our own house in order, at Microsoft, we are committed to deliver technologies that</td></tr><tr><td /><td>support a net-zero economy, investing in innovation, fostering partnerships, and advocating for policies</td></tr><tr><td /><td>that enable meaningful climate action. Our investment in AI presents new opportunities to accelerate</td></tr><tr><td /><td>sustainability solutions for Microsoft, our customers, and the world.</td></tr><tr><td /><td>Human rights</td></tr><tr><td /><td>Risks</td></tr><tr><td /><td>Microsoft has relationships with thousands of suppliers around the globe, where there is an inherent risk</td></tr><tr><td /><td>that human rights may be impacted along the supply chain. Hence, Microsoft invests heavily in supplier</td></tr><tr><td /><td>relationships and our human rights commitment extends to all our suppliers. In relation to our customers,</td></tr><tr><td /><td>a key risk is not being able to secure usersâ rights to privacy, and internally, key human rights risks are</td></tr><tr><td /><td>identified as employees potentially facing discrimination.</td></tr><tr><td /><td>Policies</td></tr><tr><td /><td>Respecting human rights is a core value of Microsoft, and it is inseparable from our mission to empower</td></tr><tr><td /><td>every person and every organization on the planet to achieve more with our technologies. The Group has</td></tr><tr><td /><td>developed policies and outlined four key commitments: to promote responsible business practices,</td></tr><tr><td /><td>expand accessibility and connectivity, advance fair and inclusive societies, and empower communities.</td></tr><tr><td /><td>Actions and results 2022/23</td></tr><tr><td /><td>Microsoft continually works to implement our human rights policies, in relation to the customers,</td></tr><tr><td /><td>employees, and suppliers, in the year 2022/23 as a part of our commitment the Group has delivered on</td></tr><tr><td /><td>⢠Microsoft provided our AccountGuard nation-state threat notification service to 33 countries, protecting</td></tr><tr><td /><td>more than 5.2 million accounts of election officials, human rights organizations, journalists, political</td></tr><tr><td /><td>parties, and other organizations essential to a healthy democracy.</td></tr><tr><td /><td>⢠Microsoft remains committed to assisting the people and government of Ukraine as the war in Ukraine</td></tr><tr><td /><td>continues. As of June 2023, Microsoft has committed $520 million in employee giving, cash, technology</td></tr><tr><td /><td>grants, services, and business relief to support Ukraine. Our assistance includes support for</td></tr><tr><td /><td>governments, businesses, nonprofits, and humanitarian organizations.</td></tr><tr><td /><td>⢠We launched the Microsoft Journalism Hub, providing access to services for journalists-including data</td></tr><tr><td /><td>visualization services, Microsoft 365 for journalists, pro bono legal support services, AccountGuard for</td></tr><tr><td /><td>journalists, and others-to rebuild capacity, restore trust, and reduce risk.</td></tr><tr><td /><td>⢠Microsoft has established new corporate supply chain integrity governance to identify minimum</td></tr><tr><td /><td>requirements on human rights, environmental, worker health and safety, and ethics risk management</td></tr><tr><td /><td>practices across our global supply chain footprint.</td></tr><tr><td /><td>⢠Our AI for Humanitarian Action program completed nine projects in the year, increasing our partnersâ</td></tr><tr><td /><td>capabilities to identify at-risk communities in India, to estimate seasonal hunger in Malawi, and to assist in</td></tr><tr><td /><td>sepsis identification in Ugandan children.</td></tr><tr><td /><td>Looking forward, Microsoft will continue to stand up for human rights in our own ecosystem and business,</td></tr><tr><td /><td>and for people across the globe. We have a responsibility to protect peopleâs fundamental rights and help</td></tr><tr><td /><td>all communities succeed in an increasingly digital world. For us, this means promoting responsible</td></tr><tr><td /><td>business practices, expanding accessibility and connectivity, empowering humanitarian organizations and</td></tr><tr><td /><td>crisis-affected communities to prepare for, respond to, and recover from emergencies, including through</td></tr><tr><td /><td>our AI for Humanitarian Action initiative.</td></tr><tr><td /><td>Anti-corruption and bribery</td></tr><tr><td /><td>Risks</td></tr><tr><td /><td>Due to the global nature of our business, we face the risk of being involved in corruption and bribery</td></tr><tr><td /><td>across the value chain. The Groupâs corruption and bribery risk assessments help drive our decisions and</td></tr><tr><td /><td>priorities for enhancing controls, processes, and monitoring.</td></tr><tr><td /><td>Policies</td></tr><tr><td /><td>The Group does not and will not tolerate violations of our standards and policies. We prohibit offering or</td></tr><tr><td /><td>paying bribes, kickbacks, or other improper benefits to anyone. Our anti-corruption compliance program is</td></tr><tr><td /><td>designed to prevent, detect, and fix compliance issues. Microsoft approaches compliance with a growth</td></tr><tr><td /><td>mindset and a process of continuous improvement and invest heavily in innovative and fresh approaches.</td></tr><tr><td /><td>Microsoftâs company-wide Standard of Business conduct (Trust Code) drives awareness of the</td></tr><tr><td /><td>importance of compliance and ethics, highlighting resources to report concerns regarding misconduct,</td></tr><tr><td /><td>including corruption.</td></tr><tr><td /><td>Actions and results 2022/23</td></tr><tr><td /><td>During the year, Microsoft has continuously worked on the implementation and strengthening of our</td></tr><tr><td /><td>anti-corruption policies. Microsoft requires partners, suppliers, and other representatives to comply with</td></tr><tr><td /><td>the Anti-Corruption Policy for Microsoft Representatives. We conduct risk-based due diligence and vetting</td></tr><tr><td /><td>of our representatives. The vetting process now uses data analytics to identify higher risk representatives</td></tr><tr><td /><td>through an algorithm that calculates a risk score for representatives based on internal and external data</td></tr><tr><td /><td>attributes. We require that higher risk representatives undergo enhanced vetting allowing us to determine</td></tr><tr><td /><td>whether they will be permitted to start or renew a business relationship with us. Our partner compliance</td></tr><tr><td /><td>analytics now provides real-time insights, allowing Microsoft to make more informed compliance and</td></tr><tr><td /><td>business decisions. Further, we maintain a comprehensive, global compliance investigation team, who</td></tr><tr><td /><td>continuously reviews and investigates concerns reported by employees or third parties through multiple</td></tr><tr><td /><td>channels, including anonymous external hotline provider.</td></tr><tr><td /><td>At Microsoft, we believe that making good decisions and ethical choices in our work builds trust in each</td></tr><tr><td /><td>other and with our customers and partners. As a part of Groupâs commitment to grow the skills of our</td></tr><tr><td /><td>employees around ethical decision-making, in the year employees of Microsoft Development Center</td></tr><tr><td /><td>Copenhagen ApS have participated in annual mandatory training program Standards of Business</td></tr><tr><td /><td>Conduct (âTrust Codeâ), which is a primary component of the policy governance framework and contains</td></tr><tr><td /><td>Microsoft's commitment to ethical business practices and complying with the law.</td></tr><tr><td /><td>Microsoft values are the enduring principles that guide us to do business with integrity as we strive to win</td></tr><tr><td /><td>trust every day. Our culture is our operating framework, and our future commitment goes beyond words to</td></tr><tr><td /><td>actions, but is to provide tools and solutions for the efficient compliance practices for our customers and</td></tr><tr><td /><td>partners, as well as our employees.</td></tr></table></mrv:DescriptionOfTheBusinessModelOfTheEntityCorporateSocialResponsibility>
<mrv:DescriptionOfEmployeeMatters contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Social conditions and employee relations</td></tr><tr><td /><td>Risks</td></tr><tr><td /><td>Microsoft's business is based on the knowledge and innovation created by people. Failing to attract,</td></tr><tr><td /><td>retain and develop the best employees poses a material risk for Microsoft, as we may not be able to</td></tr><tr><td /><td>continue delivering the best solutions on the market.</td></tr><tr><td /><td>Policies</td></tr><tr><td /><td>Microsoft employees are the driving force behind our mission. Microsoft is increasingly focusing on</td></tr><tr><td /><td>maintaining its position as one of best workplaces by creating an inclusive culture where each of the</td></tr><tr><td /><td>employees can thrive. As one element of this, Microsoft is strategically dedicated to diversity across</td></tr><tr><td /><td>gender, age, nationality, religion, and sexual orientation and we have goals and programs to improve</td></tr><tr><td /><td>representation in all roles and at all levels.</td></tr><tr><td /><td>In addition to our own workforce, Microsoft is committed to support broader digital skilling and education</td></tr><tr><td /><td>opportunities across society as a prerequisite to ensure future digital growth and innovation.</td></tr><tr><td /><td>Actions and results 2022/23</td></tr><tr><td /><td>We continue to build on our cultural transformation through further investment in inclusion, defining it as a</td></tr><tr><td /><td>core priority for all employees. In their first six months upon joining at Microsoft, employees complete</td></tr><tr><td /><td>diversity and inclusion (âD&amp;Iâ) courses on allyship, covering, privilege, and unconscious bias in the</td></tr><tr><td /><td>workplace. Additional personalized learning experiences enable them to take ownership of their ongoing</td></tr><tr><td /><td>D&amp;I learning journey. Locally and as a Group we hosted a variety of events to raise awareness of</td></tr><tr><td /><td>differences across cultures, backgrounds, and experiences; recognize and promote the value of diversity;</td></tr><tr><td /><td>and teach inclusion.</td></tr><tr><td /><td>Locally, we had a keen focus on building a strong engineering culture by hosting popular internal events</td></tr><tr><td /><td>as TechTalks, Hackathons, Cake &amp; Culture, and Garage activities. During the year, Microsoft</td></tr><tr><td /><td>Development Center Copenhagen ApS engaged in raising interest in IT and STEM (Science, Technology,</td></tr><tr><td /><td>Engineering, Mathematics) capabilities among young people, and especially girls, aiming to strengthen IT</td></tr><tr><td /><td>education in Denmark.</td></tr><tr><td /><td>During 2022/23 Microsoft Development Center Copenhagen ApS has hosted, among others, Children</td></tr><tr><td /><td>IT-Conference together with Coding Pirates, Girlsâ Day in Science, Internship Week, and DigiKidz.</td></tr><tr><td /><td>Additionally, we hosted Ukrainian Refugee Coding Day for 50 Ukrainian kids at our office. We ran an</td></tr><tr><td /><td>awareness campaign on social media, aimed at breaking the stereotypes around STEM and inspiring</td></tr><tr><td /><td>young people to pursue career in STEM.</td></tr><tr><td /><td>We are proud to say that during 2022/2023, Microsoft Development Center Copenhagen ApS was rated</td></tr><tr><td /><td>⢠no.1 as the Most Attractive Workplace according to IT company Rank (Version 2);</td></tr><tr><td /><td>⢠no.1 as the Most Attractive IT-Workplace according to 2022 Profilanalysen (Ingeniøren) - both in the</td></tr><tr><td /><td>student and professional categories.</td></tr><tr><td /><td>As a company whose mission is to empower every person and every organization to achieve more, we</td></tr><tr><td /><td>recognize the potential of AI to serve as a catalyst for a new era of opportunity and economic growth.</td></tr><tr><td /><td>Microsoft will continue to focus on empowering nonprofits and communities with digital and AI capabilities</td></tr><tr><td /><td>to expand opportunity for everyone. We will further promote accessibility, diversity and strengthen the</td></tr><tr><td /><td>culture of inclusion in our work environment.</td></tr></table></mrv:DescriptionOfEmployeeMatters>
<mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Gender composition of management</td></tr><tr><td /><td>Microsoft Development Center Copenhagen ApS reports on gender diversity in line with the requirements</td></tr><tr><td /><td>in §99b in the Danish FSA.</td></tr><tr><td /><td>Microsoft Development Center Copenhagen ApS has set specific goals for gender composition along with</td></tr><tr><td /><td>a strategy for how to reach these goals, we aim for an aspirational target of female hires at 20%. As of</td></tr><tr><td /><td>2022/23</td></tr><tr><td /><td>⢠18,8% of employees at the company are women - up from 18,6% in the previous year, with 9,6% at the</td></tr><tr><td /><td>managerial level;</td></tr><tr><td /><td>⢠The Board of Directors comprises of three members, where the one of the members is a woman. The</td></tr><tr><td /><td>Company has therefore achieved a balanced gender representation with regards to the Board of</td></tr><tr><td /><td>Directors according to the definition provided by Danish Business Authority .</td></tr><tr><td /><td>It is Companyâs intent and policy to ensure the female representation in all management layers is</td></tr><tr><td /><td>reflecting the country population most accurately. Microsoft Group maintains intentional focus on</td></tr><tr><td /><td>programs, networks and systemic approaches to increase representation and access to opportunity for</td></tr><tr><td /><td>women. Microsoft believes itâs more important than ever to encourage and empower women to pursue</td></tr><tr><td /><td>careers in IT industry as the opportunity to work in the field is huge. Microsoft is committed to promote</td></tr><tr><td /><td>diversity through values, culture and allyship work, by providing world class benefits that support</td></tr><tr><td /><td>employees of any gender, by focusing on fairness and equality and systemic measures of pay and</td></tr><tr><td /><td>promotion and leaning into flexibility with a hybrid workplace.</td></tr></table></mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
<mrv:DescriptionOfKnowledgeResources contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Knowledge resources</td></tr><tr><td /><td>Microsoft Development Center Copenhagen ApS counts 316 employees. Most of our employees are</td></tr><tr><td /><td>highly specialized software engineers and researchers recruited from Denmark and more than 45</td></tr><tr><td /><td>countries across the world.</td></tr></table></mrv:DescriptionOfKnowledgeResources>
<mrv:DescriptionOfSignificantEventsOccurringAfterEndOfReportingPeriod contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Events after the balance sheet date</td></tr><tr><td /><td>No events occurred after the balance sheet date that would impact significantly on the financial</td></tr><tr><td /><td>statements. The ongoing conflict in Ukraine has had no material impact on these financial statements.</td></tr><tr><td /><td>Management will continue to monitor the situation.</td></tr></table></mrv:DescriptionOfSignificantEventsOccurringAfterEndOfReportingPeriod>
<mrv:DescriptionOfExpectedDevelopment contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Outlook</td></tr><tr><td /><td>Management has a reasonable expectation that the Company and the Group have adequate resources to</td></tr><tr><td /><td>continue in operational existence for the foreseeable future. Thus, Management continues to adopt the</td></tr><tr><td /><td>going concern basis in preparing the annual report and accounts.</td></tr><tr><td /><td>Adverse economic or market conditions may affect our business. Worsening economic conditions,</td></tr><tr><td /><td>including inflation, recession, pandemic, or other changes in economic conditions, may adversely affect</td></tr><tr><td /><td>our operations, financial condition, and results of operations. To the date no significant negative impacts</td></tr><tr><td /><td>as a result of economic and market conditions have been identified to cast doubt on the entity's ability to</td></tr><tr><td /><td>continue operating as a going concern.</td></tr><tr><td /><td>With company revenue being equivalent to costs plus mark-up, Management expects an increase in the</td></tr><tr><td /><td>revenue and operating profit up to 5% for the fiscal year 2023/24 in comparison to the previous year. This</td></tr><tr><td /><td>will be driven by investment decisions by management to support Microsoftâs long term strategy.</td></tr></table></mrv:DescriptionOfExpectedDevelopment>
<fsa:CostOfSales contextRef="ctx1" unitRef="vDKK" decimals="-3">474956000</fsa:CostOfSales>
<fsa:GrossProfitLoss contextRef="ctx1" unitRef="vDKK" decimals="-3">129026000</fsa:GrossProfitLoss>
<fsa:DistributionCosts contextRef="ctx1" unitRef="vDKK" decimals="-3">0</fsa:DistributionCosts>
<fsa:AdministrativeExpenses contextRef="ctx1" unitRef="vDKK" decimals="-3">86008000</fsa:AdministrativeExpenses>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">43018000</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:OtherOperatingExpenses contextRef="ctx1" unitRef="vDKK" decimals="-3">30000</fsa:OtherOperatingExpenses>
<fsa:OtherFinanceIncome contextRef="ctx1" unitRef="vDKK" decimals="-3">35406000</fsa:OtherFinanceIncome>
<fsa:OtherFinanceExpenses contextRef="ctx1" unitRef="vDKK" decimals="-3">0</fsa:OtherFinanceExpenses>
<fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="ctx1" unitRef="vDKK" decimals="-3">78394000</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
<fsa:TaxExpense contextRef="ctx1" unitRef="vDKK" decimals="-3">16803000</fsa:TaxExpense>
<fsa:ClassOfReportingEntity contextRef="ctx1">Regnskabsklasse C, stor virksomhed</fsa:ClassOfReportingEntity>
<fsa:DisclosureOfAccountingPolicies contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Accounting policies</td></tr><tr><td /><td>The annual report of Microsoft Development Center Copenhagen ApS for the year ended 30 June 2023</td></tr><tr><td /><td>has been prepared in accordance with the provisions in the Danish Financial Statements Act applying to</td></tr><tr><td /><td>large reporting class C entities.</td></tr><tr><td /><td>The presentation of Annual report for the year ended 30 June 2023 continues to follow an IFRS</td></tr><tr><td /><td>presentation of the Statement of financial position consistent with prior year.</td></tr></table></fsa:DisclosureOfAccountingPolicies>
<fsa:AccountingPoliciesAreUnchangedFromPreviousPeriod contextRef="ctx1">true</fsa:AccountingPoliciesAreUnchangedFromPreviousPeriod>
<fsa:ExplanationOfNotDisclosingCashFlowsStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Omission of a cash flow statement</td></tr><tr><td /><td>With reference to section 86(4) of the Danish Financial Statements Act, no cash flow statement has been</td></tr><tr><td /><td>prepared. The entity's cash flows are part of the consolidated cash flow statement for the ultimate parent</td></tr><tr><td /><td>company, Microsoft Corporation.</td></tr></table></fsa:ExplanationOfNotDisclosingCashFlowsStatements>
<fsa:DescriptionOfGeneralMattersRelatedToRecognitionMeasurementAndChangesInAccountingPolicies contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Basis of recognition and measurement</td></tr><tr><td /><td>Assets are recognised in the balance sheet when it is probable as a result of a prior event that future</td></tr><tr><td /><td>economic benefits will flow to the Company and the value of the asset can be measured reliably.</td></tr><tr><td /><td>Liabilities are recognised in the balance sheet when the Company has a legal or constructive obligation</td></tr><tr><td /><td>as a result of a prior event and it is probable that future economic benefits will flow out of the Company</td></tr><tr><td /><td>and the value of the liability can be measured reliably.</td></tr><tr><td /><td>On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial</td></tr><tr><td /><td>recognition is effected as described below for each financial statement item.</td></tr><tr><td /><td>Anticipated risks and losses that arise before the time of presentation of the annual report and that</td></tr><tr><td /><td>confirm or invalidate affairs and conditions existing at the balance sheet date are considered at</td></tr><tr><td /><td>recognition and measurement.</td></tr><tr><td /><td>Income is recognised in the income statement when earned, whereas costs are recognised by the</td></tr><tr><td /><td>amounts attributable to this financial year.</td></tr><tr><td /><td>Reporting currency</td></tr><tr><td /><td>The financial statements are presented in Danish kroner (DKK'000).</td></tr></table></fsa:DescriptionOfGeneralMattersRelatedToRecognitionMeasurementAndChangesInAccountingPolicies>
<fsa:DescriptionOfMethodsOfForeignCurrencies contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Foreign currency translation</td></tr><tr><td /><td>On initial recognition, transactions denominated in foreign currencies are translated at the exchange rates</td></tr><tr><td /><td>at the transaction date. Foreign exchange differences arising between the exchange rate at the</td></tr><tr><td /><td>transaction date and the rate at the date of payment are recognised in the income statement as financial</td></tr><tr><td /><td>income or financial expenses.</td></tr><tr><td /><td>Receivables and payables and other monetary items denominated in foreign currencies are translated at</td></tr><tr><td /><td>closing rates. The difference between the exchange rates at the balance sheet date and the date at which</td></tr><tr><td /><td>the receivable or payable arose or was recognised in the latest financial statements is recognised in the</td></tr><tr><td /><td>income statement as financial income or financial expenses.</td></tr><tr><td /><td>Property, plant and equipment and other non-monetary assets that have been purchased in foreign</td></tr><tr><td /><td>currencies are translated using historical rates.</td></tr></table></fsa:DescriptionOfMethodsOfForeignCurrencies>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeStatementItems contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Income statement</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeStatementItems>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfRevenue contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Revenue</td></tr><tr><td /><td>Revenue consists of intra-group commissions equivalent to costs plus a mark-up.</td></tr><tr><td /><td>Revenue is measured at the fair value of the agreed consideration excluding VAT and taxes charged on</td></tr><tr><td /><td>behalf of third parties.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfRevenue>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCostOfProduction contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Production costs</td></tr><tr><td /><td>Research and development is performed on behalf of Microsoft Corporation and, consequently related</td></tr><tr><td /><td>costs are classified as production costs. Depreciation and impairment losses relating to property, plant</td></tr><tr><td /><td>and equipment attached to the production process are likewise recorded under production cost.</td></tr><tr><td /><td>Research and development costs are reimbursed by Microsoft Corporation.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCostOfProduction>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDistributionCosts contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Distribution costs</td></tr><tr><td /><td>Distribution costs comprise of costs incurred for sale and distribution of the Company's products,</td></tr><tr><td /><td>including wages and salaries for sales staff, advertising costs, travelling and entertainment expenses, etc.</td></tr><tr><td /><td>as well as depreciation and impairment losses relating to property, plant and equipment attached to the</td></tr><tr><td /><td>distribution process.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDistributionCosts>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAdministrativeExpenses contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Administrative expenses</td></tr><tr><td /><td>Administrative expenses comprise of costs incurred in the year to manage and administer the Company,</td></tr><tr><td /><td>including expenses related to administrative staff, management, office premises, office expenses as well</td></tr><tr><td /><td>as depreciation and impairment losses relating to property, plant and equipment used for administration</td></tr><tr><td /><td>of the Company.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAdministrativeExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfOtherOperatingExpenses contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Other operating expenses</td></tr><tr><td /><td>Other operating expenses comprise items secondary to the entities' activities, including losses on</td></tr><tr><td /><td>disposal of intangible assets and items of property, plant and equipment.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfOtherOperatingExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfFinanceIncomeAndExpenses contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Financial income and expenses</td></tr><tr><td /><td>Financial income and expenses comprises interests, including those to group entities net capital gains</td></tr><tr><td /><td>and losses on transactions in foreign currencies as well as tax relief and surcharges under the Danish</td></tr><tr><td /><td>Tax Prepayment Scheme, etc.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfFinanceIncomeAndExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxExpenses contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Tax for the year</td></tr><tr><td /><td>The Company is covered by the Danish rules on compulsory joint taxation.The current Danish corporation</td></tr><tr><td /><td>tax is allocated by settlement of joint taxation contribution between the jointly taxed companies in</td></tr><tr><td /><td>proportion to their taxable income. In this relation, companies with tax loss carryforwards receive joint</td></tr><tr><td /><td>taxation contribution from companies that have used these losses to reduce their own taxable profits.</td></tr><tr><td /><td>Jointly taxed companies entitled to a tax refund are, as a minimum, reimbursed by the administrative</td></tr><tr><td /><td>company according to the current rates applicable to interest allowances, and jointly taxed companies</td></tr><tr><td /><td>which do not pay their due taxes, as a maximum, a surcharge according to the current rates applicable to</td></tr><tr><td /><td>interest surcharges to the administrative company.</td></tr><tr><td /><td>Tax for the year includes current tax on the year's expected taxable income and the year's deferred tax</td></tr><tr><td /><td>adjustments. The portion of the tax for the year that relates to the profit/loss for the year is recognised in</td></tr><tr><td /><td>the income statement, whereas the portion that relates to transactions taken to equity is recognised in</td></tr><tr><td /><td>equity.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAssetsAndLiabilities contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Balance sheet</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAssetsAndLiabilities>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfPropertyPlantAndEquipment contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Property, plant and equipment</td></tr><tr><td /><td>Fixtures and fittings, tools and equipment, as well as leasehold improvements are measured at cost less</td></tr><tr><td /><td>accumulated depreciation and impairment losses.</td></tr><tr><td /><td>Cost comprises the purchase price and any costs directly attributable to the acquisition, and preparation</td></tr><tr><td /><td>costs of the asset until the date when the asset is available for use.</td></tr><tr><td /><td>Depreciation is provided on a straight-line basis over the expected useful lives of the assets. The</td></tr><tr><td /><td>expected useful lives are as follows</td></tr><tr><td /><td>Fixtures and fittings, tools and equipment 3 to 6 years</td></tr><tr><td /><td>Computers (excl. servers) Fully depreciated in month of acquisition</td></tr><tr><td /><td>Leasehold improvements Over the agreed lease period, not to exceed 10 years</td></tr><tr><td /><td>Property, plant and equipment under construction are measured at cost.</td></tr><tr><td /><td>Fixed assets are written down to the recoverable amount, if this value is lower than the carrying amount.</td></tr><tr><td /><td>Profits and losses from the sale of property, plant and equipment are recognised in the income statement</td></tr><tr><td /><td>under the same items as the related depreciation.</td></tr><tr><td /><td>In July 2022, we completed an assessment of the useful lives of our server and network equipment and</td></tr><tr><td /><td>determined we should increase the estimated useful life of server equipment from four years to six years</td></tr><tr><td /><td>and increase the estimated useful life of network equipment from four years to six years. This change in</td></tr><tr><td /><td>accounting estimate is effective beginning fiscal year 2023. Based on the carrying amount of server and</td></tr><tr><td /><td>network equipment included in Property, plant and equipment as of June 30, 2023, it is estimated this</td></tr><tr><td /><td>change decreased our fiscal year 2023 operating expenses by DKK 572 thousand. Forward looking</td></tr><tr><td /><td>expectations for the same change in accounting estimate is to decrease our fiscal year 2024 operating</td></tr><tr><td /><td>expense by DKK 396 thousand.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfPropertyPlantAndEquipment>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfReceivables contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Other securities</td></tr><tr><td /><td>Financial assets comprise of loan to group entities as well as other loans which are due more than a year.</td></tr><tr><td /><td>Financial assets are measured at amortised cost.</td></tr></table><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Receivables</td></tr><tr><td /><td>Receivables are measured at amortised cost, usually equaling nominal value less provisions for bad</td></tr><tr><td /><td>debts. Provisions for bad debts are calculated on the basis of an assessment of the expected collectibilty.</td></tr><tr><td /><td>Trade receivables with a due date greater than 12 months are considered as a long-term receivable and</td></tr><tr><td /><td>are classed as Other non-current assets in the balance sheet.</td></tr><tr><td /><td>The Company has chosen IAS 39 as interpretation for impairment of financial receivables.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfReceivables>
<fsa:DescriptionOfMethodsOfAmortisationOfNoncurrentAssets contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Impairment of assets</td></tr><tr><td /><td>The carrying amount of intangible assets, property, plant and equipment and investments in subsidiaries,</td></tr><tr><td /><td>associates and participating interests is assessed for impairment on an annual basis.</td></tr><tr><td /><td>Impairment tests are conducted on assets or groups of assets when there is indication of impairment.</td></tr><tr><td /><td>Assets are written down to the lower of the carrying amount and the recoverable amount.</td></tr><tr><td /><td>Where an impairment loss is recognised on a group of assets, a loss must first be allocated to goodwill</td></tr><tr><td /><td>and then to the other assets on a pro rata basis.</td></tr><tr><td /><td>The recoverable amount is the higher of the net selling price of an asset and its value in use. The value in</td></tr><tr><td /><td>use is calculated as the net present value of the expected net cash flows from the use of the asset or the</td></tr><tr><td /><td>group of assets and the expected net cash flows from the disposal of the asset or the group of assets</td></tr><tr><td /><td>after the end of the useful life.</td></tr><tr><td /><td>Previously recognised impairment losses are reversed when the reason for recognition no longer exists.</td></tr><tr><td /><td>Impairment losses on goodwill are not reversed.</td></tr></table></fsa:DescriptionOfMethodsOfAmortisationOfNoncurrentAssets>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDeferredIncomeAssets contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Prepayments</td></tr><tr><td /><td>Prepayments recognised under current assets comprise expenses incurred concerning subsequent</td></tr><tr><td /><td>financial years. Prepayments are measured at cost.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDeferredIncomeAssets>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCashAndCashEquivalents contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Cash</td></tr><tr><td /><td>Cash comprises cash in hand and bank deposits.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCashAndCashEquivalents>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEquity contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Equity</td></tr><tr><td /><td>Dividend</td></tr><tr><td /><td>Dividend proposed for the year is recognised as a liability at the date when they are adopted at the</td></tr><tr><td /><td>annual general meeting (declaration date). Dividend expected to be distributed for the year is disclosed</td></tr><tr><td /><td>as a separate item under equity.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEquity>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfProvisions contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Provisions</td></tr><tr><td /><td>Provisions comprise anticipated expenses relating to restoration, etc. Provisions are recognised when the</td></tr><tr><td /><td>Company has a present obligation (legal or constructive) as a result of a past event and it is probable that</td></tr><tr><td /><td>an outflow of resources embodying economic benefits will be required to settle the obligation.</td></tr><tr><td /><td>Provisions are measured at net realisable value or fair value. If the obligation is expected to be settled far</td></tr><tr><td /><td>into the future.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfProvisions>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxPayablesAndDeferredTax contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Income tax and deferred tax</td></tr><tr><td /><td>Current tax payables and receivables are recognised in the balance sheet as tax computed on the</td></tr><tr><td /><td>taxable income for the year, adjusted for tax on prior-year taxable income and tax paid on account.</td></tr><tr><td /><td>Joint taxation contribution payable and receivable is recognised in the balance sheet as "Income tax</td></tr><tr><td /><td>receivable" or "Income tax payable".</td></tr><tr><td /><td>Deferred tax assets, including the tax base of tax loss carry-forwards, are recognised at the expected</td></tr><tr><td /><td>value of their utilisation; either as a set-off against tax on future income or as a set-off against deferred</td></tr><tr><td /><td>tax liabilities in the same legal tax entity and jurisdiction.</td></tr><tr><td /><td>Deferred tax is measured according to the tax rules and at the tax rates applicable at the balance sheet</td></tr><tr><td /><td>date when the deferred tax is expected to crystallise as current tax.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxPayablesAndDeferredTax>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfLiabilitiesOtherThanProvisions contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Liabilities</td></tr><tr><td /><td>Other financial liabilities are measured at amortised cost, which usually corresponds to nominal value.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfLiabilitiesOtherThanProvisions>
<fsa:InformationOnOperatingSegmentsAndGeographicalMarkets contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >NOTES</td></tr><tr><td colspan="4"></td></tr><tr><td width="28%" ></td><td width="72%" colspan="3" align="left" valign="middle" ><b>SEGMENT INFORMATION</b></td></tr><tr><td width="28%" ></td><td width="28%" ></td><td width="22%" colspan="1" align="left" valign="middle" >2022/23</td><td width="22%" colspan="1" align="left" valign="middle" >2021/22</td></tr><tr><td width="28%" ></td><td width="28%" ></td><td width="22%" colspan="1" align="right" valign="middle" >DKK'000</td><td width="22%" colspan="1" align="right" valign="middle" >DKK'000</td></tr><tr><td width="28%" ></td><td width="28%" colspan="1" align="left" valign="middle" >Commission income</td><td width="22%" align="right" valign="middle" >603.982</td><td width="22%" align="right" valign="middle" >536.395</td></tr><tr><td width="28%" ></td><td width="28%" colspan="1" align="left" valign="middle" >Total Commission income</td><td width="22%" align="right" valign="middle" >603.982</td><td width="22%" align="right" valign="middle" >536.395</td></tr><tr><td colspan="4"></td></tr></table></fsa:InformationOnOperatingSegmentsAndGeographicalMarkets>
<fsa:DisclosureOfEmployeeBenefitsExpense contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>STAFF COSTS AND INCENTIVE PLANS</td></tr></table><br><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Staff costs are recognised in the financial statements under the following line items</td></tr><tr><td /><td>Production costs</td><td>368323</td><td>345194</td></tr><tr><td /><td>.Administrative expenses</td><td>14.534</td><td>10.188</td></tr><tr><td /><td>Total Staff costs</td><td>382.857</td><td>355.382</td></tr></table></fsa:DisclosureOfEmployeeBenefitsExpense>
<fsa:WagesAndSalaries contextRef="ctx1" unitRef="vDKK" decimals="-3">351176000</fsa:WagesAndSalaries>
<fsa:PostemploymentBenefitExpense contextRef="ctx1" unitRef="vDKK" decimals="-3">29147000</fsa:PostemploymentBenefitExpense>
<fsa:SocialSecurityContributions contextRef="ctx1" unitRef="vDKK" decimals="-3">2534000</fsa:SocialSecurityContributions>
<fsa:EmployeeBenefitsExpense contextRef="ctx1" unitRef="vDKK" decimals="-3">382857000</fsa:EmployeeBenefitsExpense>
<fsa:InformationOnRemunerationOfManagementCategoriesAndSpecialIncentiveProgrammes contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>By reference to section 98b (3), (ii), of the Danish Financial Statements Act, remuneration to management</td></tr><tr><td /><td>is not disclosed.</td></tr><tr><td /><td>Incentive programmes</td></tr><tr><td /><td>In addition to the performance bonus program, the Company has a stock award program, which also</td></tr><tr><td /><td>includes the Executive Board.</td></tr><tr><td /><td>The award program comprise of stocks in the ultimate parent company. The Danish Company does not</td></tr><tr><td /><td>pay for these rights.</td></tr></table></fsa:InformationOnRemunerationOfManagementCategoriesAndSpecialIncentiveProgrammes>
<fsa:DisclosureOfOtherFinanceIncome contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>FINANCIAL INCOME</td></tr></table></fsa:DisclosureOfOtherFinanceIncome>
<fsa:ExchangeRateAdjustmentsOtherFinanceIncome contextRef="ctx1" unitRef="vDKK" decimals="-3">8000</fsa:ExchangeRateAdjustmentsOtherFinanceIncome>
<fsa:OtherInterestIncome contextRef="ctx1" unitRef="vDKK" decimals="-3">35398000</fsa:OtherInterestIncome>
<fsa:DisclosureOfOtherFinanceExpenses contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>FINANCIAL EXPENSES</td></tr></table><br><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Other interest expense recognized in 2021/22 comprised tax interest and penalties amounted DKK</td></tr><tr><td /><td>3,924.5 million based on revised income tax assessments issued by Danish Tax Agency for the years</td></tr><tr><td /><td>2003 and 2005. The revised tax assessments were subject to ongoing tax dispute between Microsoft</td></tr><tr><td /><td>Development Center Copenhagen ApS and Danish Tax Agency. In the year 2021/22 Company made a</td></tr><tr><td /><td>decision not to pursue further litigation actions and settled the liability with Danish Tax Agency. The tax</td></tr><tr><td /><td>settlement is considered as non-recurring event and did not occur in reporting year.</td></tr></table></fsa:DisclosureOfOtherFinanceExpenses>
<fsa:OtherInterestExpenses contextRef="ctx1" unitRef="vDKK" decimals="-3">0</fsa:OtherInterestExpenses>
<fsa:DisclosureOfPropertyPlantAndEquipment contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>PROPERTY, PLANT AND EQUIPMENT</td></tr></table></fsa:DisclosureOfPropertyPlantAndEquipment>
<fsa:AdditionsToPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">63550000</fsa:AdditionsToPropertyPlantAndEquipment>
<fsa:IncreaseDecreaseOfPropertyPlantAndEquipmentThroughTransfers contextRef="ctx1" unitRef="vDKK" decimals="-3">0</fsa:IncreaseDecreaseOfPropertyPlantAndEquipmentThroughTransfers>
<fsa:DisposalsOfPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">3129000</fsa:DisposalsOfPropertyPlantAndEquipment>
<fsa:DepreciationOfPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">15990000</fsa:DepreciationOfPropertyPlantAndEquipment>
<fsa:ReversalsOfImpairmentLossesAndDepreciationOfDisposedPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">589000</fsa:ReversalsOfImpairmentLossesAndDepreciationOfDisposedPropertyPlantAndEquipment>
<fsa:TransferImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">0</fsa:TransferImpairmentLossesAndDepreciationOfPropertyPlantAndEquipment>
<fsa:DisclosureOfInvestments contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>OTHER SECURITIES AND NON-CURRENT RECEIVABLES</td></tr></table><br><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>The Company is part of the Group's cash pool facility and has a right to utilize the credit facilities.</td></tr></table></fsa:DisclosureOfInvestments>
<fsa:InformationOnCurrentDeferredTaxAssets contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>INCOME TAX RECEIVABLE</td></tr><tr><td /><td>In the year Danish Tax Agency has refunded amount of DKK 235 million to the Company following the</td></tr><tr><td /><td>revised calculation of the tax interests in connection to the years 2003 and 2005. As of 30 June 2023 the</td></tr><tr><td /><td>Company does not hold income tax receivables.</td></tr></table></fsa:InformationOnCurrentDeferredTaxAssets>
<fsa:InformationOnProvisionsForDeferredTax contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>DEFERRED TAX ASSET</b></td></tr><tr><td width="40%" ></td><td width="31%" colspan="1" align="left" valign="middle" >30 June 2023</td><td width="29%" colspan="1" align="left" valign="middle" >30 June 2022</td></tr><tr><td width="40%" ></td><td width="31%" colspan="1" align="right" valign="middle" >DKK'000</td><td width="29%" colspan="1" align="right" valign="middle" >DKK'000</td></tr><tr><td width="40%" colspan="1" align="left" valign="middle" >Deferred tax at 1 July</td><td width="31%" align="right" valign="middle" >18.057</td><td width="29%" align="right" valign="middle" >18.057</td></tr><tr><td width="40%" colspan="1" align="left" valign="middle" >Adjustment of the deferred tax charge, for the year</td><td width="31%" align="right" valign="middle" >-861</td><td width="29%" align="right" valign="middle" >-1.305</td></tr><tr><td width="40%" colspan="1" align="left" valign="middle" >Adjustment of the deferred tax charge, prior year</td><td width="31%" align="right" valign="middle" >-27</td><td width="29%" align="right" valign="middle" >210</td></tr><tr><td width="40%" colspan="1" align="left" valign="middle" >Deferred tax at 30 June</td><td width="31%" align="right" valign="middle" >17.169</td><td width="29%" align="right" valign="middle" >16.962</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deferred tax charge relates to</td></tr><tr><td width="40%" colspan="1" align="left" valign="middle" >Property, plant and equipment</td><td width="31%" align="right" valign="middle" >15711</td><td width="29%" align="right" valign="middle" >17026</td></tr><tr><td width="40%" colspan="1" align="left" valign="middle" >Provisions</td><td width="31%" align="right" valign="middle" >1.241</td><td width="29%" align="right" valign="middle" >938</td></tr><tr><td width="40%" colspan="1" align="left" valign="middle" >Other taxable temporary differences</td><td width="31%" align="right" valign="middle" >217</td><td width="29%" align="right" valign="middle" >93</td></tr><tr><td width="40%" ></td><td width="31%" align="right" valign="middle" >17169</td><td width="29%" align="right" valign="middle" >18057</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Management considers it likely that there will be future taxable income against which tax deductions can</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >be offset.</td></tr></table></fsa:InformationOnProvisionsForDeferredTax>
<fsa:DisclosureOfTaxExpenses contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>TAX OF THE YEAR</td></tr></table><br><br><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>The tax adjustments for prior year reported in 2021/22 comprised the special item of DKK 3,209 million</td></tr><tr><td /><td /><td>and attributable to tax charge recognized by Microsoft Development Center Copenhagen ApS based on</td></tr><tr><td /><td /><td>revised income tax assessments issued by Danish Tax Agency for the years 2003 and 2005 (see Note 5</td></tr><tr><td /><td /><td>for further details), no recognition of special item occured in current year.</td></tr></table></fsa:DisclosureOfTaxExpenses>
<fsa:CurrentTaxExpense contextRef="ctx1" unitRef="vDKK" decimals="-3">15942000</fsa:CurrentTaxExpense>
<fsa:AdjustmentsForDeferredTax contextRef="ctx1" unitRef="vDKK" decimals="-3">861000</fsa:AdjustmentsForDeferredTax>
<fsa:AdjustmentsForCurrentTaxOfPriorPeriod contextRef="ctx1" unitRef="vDKK" decimals="-3">-27000</fsa:AdjustmentsForCurrentTaxOfPriorPeriod>
<fsa:AdjustmentsForCurrentTaxRelatingToTaxRateChangesOrImpositionOfNewTaxes contextRef="ctx1" unitRef="vDKK" decimals="-3">27000</fsa:AdjustmentsForCurrentTaxRelatingToTaxRateChangesOrImpositionOfNewTaxes>
<fsa:DisclosureOfTheManagementsProposedDistributionOfProfitLoss contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>APPROPRIATION OF PROFIT</td></tr></table></fsa:DisclosureOfTheManagementsProposedDistributionOfProfitLoss>
<fsa:TransferredToFromRetainedEarnings contextRef="ctx1" unitRef="vDKK" decimals="-3">-1818409000</fsa:TransferredToFromRetainedEarnings>
<fsa:DisclosureOfOtherProvisions contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="4" align="left" valign="middle" >Noter</td></tr><tr><td width="15%" ></td><td width="85%" colspan="3" align="left" valign="middle" ><b>OTHER PROVISIONS</b></td></tr><tr><td width="15%" ></td><td width="45%" ></td><td width="20%" colspan="1" align="left" valign="middle" >2022/23</td><td width="20%" colspan="1" align="left" valign="middle" >2021/22</td></tr><tr><td width="15%" ></td><td width="45%" ></td><td width="20%" colspan="1" align="right" valign="middle" >DKK'000</td><td width="20%" colspan="1" align="right" valign="middle" >DKK'000</td></tr><tr><td width="15%" ></td><td width="45%" colspan="1" align="left" valign="middle" >Opening balance at 1 July</td><td width="20%" align="right" valign="middle" >5.268</td><td width="20%" align="right" valign="middle" >4.914</td></tr><tr><td width="15%" ></td><td width="45%" colspan="1" align="left" valign="middle" >Provision for the year</td><td width="20%" align="right" valign="middle" >378</td><td width="20%" align="right" valign="middle" >354</td></tr><tr><td width="15%" ></td><td width="45%" colspan="1" align="left" valign="middle" >Other provisions at 30 June</td><td width="20%" align="right" valign="middle" >5.646</td><td width="20%" align="right" valign="middle" >5.268</td></tr><tr><td colspan="4"></td></tr><tr><td width="15%" ></td><td width="85%" colspan="3" align="left" valign="middle" >Other provisions includes provisions for restoration of leased premises and similar provisions. Other</td></tr><tr><td width="15%" ></td><td width="85%" colspan="3" align="left" valign="middle" >provisions are expected to mature within the period less than 5 years.</td></tr></table></fsa:DisclosureOfOtherProvisions>
<fsa:DisclosureOfOtherPayables contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>OTHER PAYABLES</b></td></tr><tr><td width="53%" ></td><td width="23%" colspan="1" align="left" valign="middle" >2022/23</td><td width="24%" colspan="1" align="left" valign="middle" >2021/22</td></tr><tr><td width="53%" ></td><td width="23%" colspan="1" align="right" valign="middle" >DKK'000</td><td width="24%" colspan="1" align="right" valign="middle" >DKK'000</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Payroll Liabilities</td><td width="23%" align="right" valign="middle" >55.886</td><td width="24%" align="right" valign="middle" >50.751</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Compensated absence commitment</td><td width="23%" align="right" valign="middle" >27.043</td><td width="24%" align="right" valign="middle" >31.985</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Other payables</td><td width="23%" align="right" valign="middle" >15.902</td><td width="24%" align="right" valign="middle" >15.822</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >TOTAL other payables</td><td width="23%" align="right" valign="middle" >98.831</td><td width="24%" align="right" valign="middle" >98.558</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Non-current other payables due after 30 June 2023</td></tr><tr><td width="53%" ></td><td width="23%" colspan="1" align="left" valign="middle" >2022/23</td><td width="24%" colspan="1" align="left" valign="middle" >2021/22</td></tr><tr><td width="53%" ></td><td width="23%" colspan="1" align="right" valign="middle" >DKK'000</td><td width="24%" colspan="1" align="right" valign="middle" >DKK'000</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Compensated absence commitment</td><td width="23%" align="right" valign="middle" >105</td><td width="24%" align="right" valign="middle" >118</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Total Compensated absence commitment</td><td width="23%" align="right" valign="middle" >105</td><td width="24%" align="right" valign="middle" >118</td></tr><tr><td colspan="3"></td></tr></table></fsa:DisclosureOfOtherPayables>
<fsa:DisclosureOfContingentLiabilities contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>CONTRACTUAL OBLIGATIONS AND CONTINGENCIES, ECT.</b></td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Other contingent liabilities</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >The Company is covered by the Danish rules on compulsory joint taxation and has joint and several</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >unlimited liability for Danish corporation taxes and withholding taxes on dividends, interest and royalties in</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >the joint taxation unit, Microsoft Danmark ApS is acting as administrator company of the unit. At 30 June</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >2023, the net taxes payable to Danish Tax Agency by the companies included in the joint taxation</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >amounted to DKK 36,970 thousand. Any subsequent corrections of the taxable income subject to joint</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >taxation or withholding taxes on dividends, etc., may entail that the companies' liability will increase.</td></tr><tr><td colspan="3"></td></tr><tr><td width="53%" ></td><td width="23%" colspan="1" align="left" valign="middle" >2021/22</td><td width="24%" colspan="1" align="left" valign="middle" >2021/22</td></tr><tr><td width="53%" ></td><td width="23%" colspan="1" align="right" valign="middle" >DKK'000</td><td width="24%" colspan="1" align="right" valign="middle" >DKK'000</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other financial obligations</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Rent and lease liabilities</td><td width="23%" align="right" valign="middle" >100.121</td><td width="24%" align="right" valign="middle" >71.652</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Microsoft Danmark ApS and Microsoft Development Center Copenhagen ApS have entered into a joint</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >contract to lease a shared domicile located in Lyngby north of Copenhagen. The two companies are</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >jointly liable for the 10 year rent commitment, with a remaning obligation amounting to DKK 103 million as</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >of 30 June 2023. Microsoft Development Center Copenhagen ApS is expected to pay 55% of the rent</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >commitment, which amounts to DKK 56 million, and is part of "Other rent and lease liabilities" amount of</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >DKK 100 million as of 30 June 2023.</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >The company is pursuing an action to claim the partial amount of tax interests, which have been paid to</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Danish Tax Agency and recognized in Company's profit and loss in the year 2021/2022 following the</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >issuance of revised tax assessments for the years 2003 and 2005, as described in note 5. If the</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Company's action is succesfull, the inflow of monetary funds is estimated to DKK 186 million. This matter</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >is, however, subject to inherent uncertanties as to the timing of proceedings and financial outcomes.</td></tr></table></fsa:DisclosureOfContingentLiabilities>
<fsa:DisclosureOfCollateralsAndAssetsPledgesAsSecurity contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>.COLLATERAL</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The Company has not provided any security or other collateral in assets at 30 June 2023</td></tr><tr><td colspan="1"></td></tr></table></fsa:DisclosureOfCollateralsAndAssetsPledgesAsSecurity>
<fsa:DisclosureOfOwnership contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>RELATED PARTIES</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Microsoft Development Center Copenhagen ApS related parties comprise the following</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Parties exercising control</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Related party</td><td width="23%" colspan="1" align="left" valign="middle" >Domicile</td><td width="24%" colspan="1" align="left" valign="middle" >Basis for control</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >MicrosoftCorporation</td><td width="23%" colspan="1" align="left" valign="middle" >Redmond, WA, USA</td><td width="24%" colspan="1" align="left" valign="middle" >Participating interest</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Informationabout consolidated financial statements</td></tr><tr><td colspan="3"></td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Ultimate parent</td><td width="23%" colspan="1" align="left" valign="middle" >Domicile</td><td width="24%" colspan="1" align="left" valign="middle" >Requisitioning ofthe parent company's consolidated financial statements</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >MicrosoftCorporation</td><td width="23%" colspan="1" align="left" valign="middle" >Redmond, WA,USA</td><td width="24%" colspan="1" align="left" valign="middle" >www.microsoft.com</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Related party transactions and balances</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Microsoft Development Center Copenhagen ApS was engaged in the below related party transactions, in</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >addition to dividend distribution and remuneration of management</td></tr><tr><td width="53%" ></td><td width="23%" colspan="1" align="left" valign="middle" >2022/23</td><td width="24%" colspan="1" align="left" valign="middle" >2021/22</td></tr><tr><td width="53%" ></td><td width="23%" colspan="1" align="right" valign="middle" >DKK'000</td><td width="24%" colspan="1" align="right" valign="middle" >DKK'000</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Transactions with group entities</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Commission income</td><td width="23%" align="right" valign="middle" >603982</td><td width="24%" align="right" valign="middle" >536.395</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Service fee (expenses)</td><td width="23%" align="right" valign="middle" >-1.648</td><td width="24%" align="right" valign="middle" >-2.223</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Sale of Property,plant and equipment</td><td width="23%" align="right" valign="middle" >72</td><td width="24%" align="right" valign="middle" >0</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Financial income</td><td width="23%" align="right" valign="middle" >33.163</td><td width="24%" align="right" valign="middle" >0</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Transactions with parent company</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Sale of Property, plant and equipment</td><td width="23%" align="right" valign="middle" >689</td><td width="24%" align="right" valign="middle" >0</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Balances with counterpart</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Receivables from group entities - Long-term</td><td width="23%" align="right" valign="middle" >1.875.705</td><td width="24%" align="right" valign="middle" >1.851.213</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Receivables from group entities - Short-term</td><td width="23%" align="right" valign="middle" >265.337</td><td width="24%" align="right" valign="middle" >52.694</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Balances with parent company</td></tr><tr><td width="53%" colspan="1" align="left" valign="middle" >Receivables from ultimate parent - Short-term</td><td width="23%" align="right" valign="middle" >672</td><td width="24%" align="right" valign="middle" >0</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >During the year office rent reimbursement transactions occurred between related parties. The amount of</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >reimbursement income received by Microsoft Development Center Copenhagen ApS was DKK 504</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >thousand and the reimbursement expense was DKK 21,295 thousand. See note 13 for further details.</td></tr><tr><td colspan="3"></td></tr></table></fsa:DisclosureOfOwnership>
<fsa:InformationOnAuditorsFees contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td /><td>FEES PAID TO AUDITORS APPOINTED AT THE ANNUAL GENERAL MEETING</td></tr></table></fsa:InformationOnAuditorsFees>
<fsa:FeesForAuditorsPerformingStatutoryAudit contextRef="ctx1" unitRef="vDKK" decimals="-3">555000</fsa:FeesForAuditorsPerformingStatutoryAudit>
<fsa:AuditorsFees contextRef="ctx1" unitRef="vDKK" decimals="-3">555000</fsa:AuditorsFees>
<fsa:DisclosureOfSignificantEventsOccurringAfterEndOfReportingPeriod contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Events after balance sheet date</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >No events occurred after the balance sheet date that would impact significantly on the financial</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >statements. The ongoing conflict in Ukraine has had no material impact on these financial statements.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Management will continue to monitor the situation.</td></tr></table></fsa:DisclosureOfSignificantEventsOccurringAfterEndOfReportingPeriod>
<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx1">Ã
rsrapport</gsd:InformationOnTypeOfSubmittedReport>
<gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="ctx1">30700228</gsd:IdentificationNumberCvrOfSubmittingEnterprise>
<gsd:NameOfSubmittingEnterprise contextRef="ctx1" xml:lang="da">EY Godkendt Revisionspartnerselskab</gsd:NameOfSubmittingEnterprise>
<gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="ctx1" xml:lang="da">Cortex Park Vest 3</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
<gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="ctx1" xml:lang="da">5230 Odense M</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
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<gsd:PrecedingReportingPeriodStartDate contextRef="ctx1">2021-07-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="ctx1">2022-06-30</gsd:PredingReportingPeriodEndDate>
<gsd:DateOfGeneralMeeting contextRef="ctx1">2023-12-12</gsd:DateOfGeneralMeeting>
<arr:SignatureOfAuditorsDate contextRef="ctx1">2023-12-06</arr:SignatureOfAuditorsDate>
<cmn:TypeOfAuditorAssistance contextRef="ctx1">Revisionspåtegning</cmn:TypeOfAuditorAssistance>
<arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements contextRef="ctx1">Grundlag for konklusion</arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements>
<arr:TypeOfModifiedOpinionOnAuditedFinancialStatements contextRef="ctx1">Konklusion</arr:TypeOfModifiedOpinionOnAuditedFinancialStatements>
<gsd:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="ctx1" xml:lang="da">Chantal Pernille Patel Simonsen</gsd:NameAndSurnameOfChairmanOfGeneralMeeting>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx2" xml:lang="da">Charlotte Mark Christensen</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx2" xml:lang="da">CEO</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx3" xml:lang="da">Benjamin Owen Orndorff</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx3" xml:lang="da">Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx4" xml:lang="da">Leigh Anne Kiviat</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx5" xml:lang="da">Keith Dolliver</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<fsa:Revenue contextRef="ctx6" unitRef="vDKK" decimals="-3">536395000</fsa:Revenue>
<fsa:ResultsFromNetFinancials contextRef="ctx6" unitRef="vDKK" decimals="-3">-3927926000</fsa:ResultsFromNetFinancials>
<fsa:ProfitLoss contextRef="ctx6" unitRef="vDKK" decimals="-3">-7097924000</fsa:ProfitLoss>
<fsa:InvestmentInPropertyPlantAndEquipment contextRef="ctx6" unitRef="vDKK" decimals="-3">58634000</fsa:InvestmentInPropertyPlantAndEquipment>
<mrv:OperatingMargin contextRef="ctx6" unitRef="pure" decimals="3">0.092</mrv:OperatingMargin>
<mrv:EquityRatio contextRef="ctx6" unitRef="pure" decimals="3">0.946</mrv:EquityRatio>
<mrv:ReturnOnEquity contextRef="ctx6" unitRef="pure" decimals="3">-1.045</mrv:ReturnOnEquity>
<fsa:AverageNumberOfEmployees contextRef="ctx6" unitRef="pure" decimals="0">304</fsa:AverageNumberOfEmployees>
<fsa:CostOfSales contextRef="ctx6" unitRef="vDKK" decimals="-3">407703000</fsa:CostOfSales>
<fsa:GrossProfitLoss contextRef="ctx6" unitRef="vDKK" decimals="-3">128692000</fsa:GrossProfitLoss>
<fsa:DistributionCosts contextRef="ctx6" unitRef="vDKK" decimals="-3">1277000</fsa:DistributionCosts>
<fsa:AdministrativeExpenses contextRef="ctx6" unitRef="vDKK" decimals="-3">78035000</fsa:AdministrativeExpenses>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="ctx6" unitRef="vDKK" decimals="-3">49380000</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:OtherOperatingExpenses contextRef="ctx6" unitRef="vDKK" decimals="-3">0</fsa:OtherOperatingExpenses>
<fsa:OtherFinanceIncome contextRef="ctx6" unitRef="vDKK" decimals="-3">0</fsa:OtherFinanceIncome>
<fsa:OtherFinanceExpenses contextRef="ctx6" unitRef="vDKK" decimals="-3">3927926000</fsa:OtherFinanceExpenses>
<fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="ctx6" unitRef="vDKK" decimals="-3">-3878546000</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
<fsa:TaxExpense contextRef="ctx6" unitRef="vDKK" decimals="-3">3219378000</fsa:TaxExpense>
<fsa:WagesAndSalaries contextRef="ctx6" unitRef="vDKK" decimals="-3">326066000</fsa:WagesAndSalaries>
<fsa:PostemploymentBenefitExpense contextRef="ctx6" unitRef="vDKK" decimals="-3">26863000</fsa:PostemploymentBenefitExpense>
<fsa:SocialSecurityContributions contextRef="ctx6" unitRef="vDKK" decimals="-3">2453000</fsa:SocialSecurityContributions>
<fsa:EmployeeBenefitsExpense contextRef="ctx6" unitRef="vDKK" decimals="-3">355382000</fsa:EmployeeBenefitsExpense>
<fsa:ExchangeRateAdjustmentsOtherFinanceIncome contextRef="ctx6" unitRef="vDKK" decimals="-3">0</fsa:ExchangeRateAdjustmentsOtherFinanceIncome>
<fsa:OtherInterestIncome contextRef="ctx6" unitRef="vDKK" decimals="-3">0</fsa:OtherInterestIncome>
<fsa:OtherInterestExpenses contextRef="ctx6" unitRef="vDKK" decimals="-3">3927926000</fsa:OtherInterestExpenses>
<fsa:CurrentTaxExpense contextRef="ctx6" unitRef="vDKK" decimals="-3">8824000</fsa:CurrentTaxExpense>
<fsa:AdjustmentsForDeferredTax contextRef="ctx6" unitRef="vDKK" decimals="-3">1305000</fsa:AdjustmentsForDeferredTax>
<fsa:AdjustmentsForCurrentTaxOfPriorPeriod contextRef="ctx6" unitRef="vDKK" decimals="-3">3209459000</fsa:AdjustmentsForCurrentTaxOfPriorPeriod>
<fsa:AdjustmentsForCurrentTaxRelatingToTaxRateChangesOrImpositionOfNewTaxes contextRef="ctx6" unitRef="vDKK" decimals="-3">-210000</fsa:AdjustmentsForCurrentTaxRelatingToTaxRateChangesOrImpositionOfNewTaxes>
<fsa:TransferredToFromRetainedEarnings contextRef="ctx6" unitRef="vDKK" decimals="-3">-7097924000</fsa:TransferredToFromRetainedEarnings>
<fsa:FeesForAuditorsPerformingStatutoryAudit contextRef="ctx6" unitRef="vDKK" decimals="-3">555000</fsa:FeesForAuditorsPerformingStatutoryAudit>
<fsa:AuditorsFees contextRef="ctx6" unitRef="vDKK" decimals="-3">555000</fsa:AuditorsFees>
<fsa:Revenue contextRef="ctx7" unitRef="vDKK" decimals="-3">587065000</fsa:Revenue>
<fsa:ResultsFromNetFinancials contextRef="ctx7" unitRef="vDKK" decimals="-3">-381000</fsa:ResultsFromNetFinancials>
<fsa:ProfitLoss contextRef="ctx7" unitRef="vDKK" decimals="-3">38734000</fsa:ProfitLoss>
<fsa:InvestmentInPropertyPlantAndEquipment contextRef="ctx7" unitRef="vDKK" decimals="-3">23450000</fsa:InvestmentInPropertyPlantAndEquipment>
<mrv:OperatingMargin contextRef="ctx7" unitRef="pure" decimals="3">0.085</mrv:OperatingMargin>
<mrv:EquityRatio contextRef="ctx7" unitRef="pure" decimals="3">0.984</mrv:EquityRatio>
<mrv:ReturnOnEquity contextRef="ctx7" unitRef="pure" decimals="3">0.004</mrv:ReturnOnEquity>
<fsa:AverageNumberOfEmployees contextRef="ctx7" unitRef="pure" decimals="0">311</fsa:AverageNumberOfEmployees>
<fsa:Revenue contextRef="ctx8" unitRef="vDKK" decimals="-3">595188000</fsa:Revenue>
<fsa:ResultsFromNetFinancials contextRef="ctx8" unitRef="vDKK" decimals="-3">-1610000</fsa:ResultsFromNetFinancials>
<fsa:ProfitLoss contextRef="ctx8" unitRef="vDKK" decimals="-3">36856000</fsa:ProfitLoss>
<fsa:InvestmentInPropertyPlantAndEquipment contextRef="ctx8" unitRef="vDKK" decimals="-3">16239000</fsa:InvestmentInPropertyPlantAndEquipment>
<mrv:OperatingMargin contextRef="ctx8" unitRef="pure" decimals="3">0.082</mrv:OperatingMargin>
<mrv:EquityRatio contextRef="ctx8" unitRef="pure" decimals="3">0.986</mrv:EquityRatio>
<mrv:ReturnOnEquity contextRef="ctx8" unitRef="pure" decimals="3">0.004</mrv:ReturnOnEquity>
<fsa:AverageNumberOfEmployees contextRef="ctx8" unitRef="pure" decimals="0">318</fsa:AverageNumberOfEmployees>
<fsa:Revenue contextRef="ctx9" unitRef="vDKK" decimals="-3">577121000</fsa:Revenue>
<fsa:ResultsFromNetFinancials contextRef="ctx9" unitRef="vDKK" decimals="-3">-321000</fsa:ResultsFromNetFinancials>
<fsa:ProfitLoss contextRef="ctx9" unitRef="vDKK" decimals="-3">43026000</fsa:ProfitLoss>
<fsa:InvestmentInPropertyPlantAndEquipment contextRef="ctx9" unitRef="vDKK" decimals="-3">72048000</fsa:InvestmentInPropertyPlantAndEquipment>
<mrv:OperatingMargin contextRef="ctx9" unitRef="pure" decimals="3">0.096</mrv:OperatingMargin>
<mrv:EquityRatio contextRef="ctx9" unitRef="pure" decimals="3">0.987</mrv:EquityRatio>
<mrv:ReturnOnEquity contextRef="ctx9" unitRef="pure" decimals="3">0.005</mrv:ReturnOnEquity>
<fsa:AverageNumberOfEmployees contextRef="ctx9" unitRef="pure" decimals="0">321</fsa:AverageNumberOfEmployees>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx10" xml:lang="da">Operating profit (EBIT)</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx10" unitRef="vDKK" decimals="-3">43018000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx11" xml:lang="da">Operating profit (EBIT)</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx11" unitRef="vDKK" decimals="-3">49380000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx12" xml:lang="da">Operating profit (EBIT)</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx12" unitRef="vDKK" decimals="-3">49930000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx13" xml:lang="da">Operating profit (EBIT)</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx13" unitRef="vDKK" decimals="-3">49095000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx14" xml:lang="da">Operating profit (EBIT)</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx14" unitRef="vDKK" decimals="-3">55484000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<fsa:Assets contextRef="ctx15" unitRef="vDKK" decimals="-3">2303851000</fsa:Assets>
<fsa:Equity contextRef="ctx15" unitRef="vDKK" decimals="-3">2163595000</fsa:Equity>
<fsa:FixturesFittingsToolsAndEquipment contextRef="ctx15" unitRef="vDKK" decimals="-3">15813000</fsa:FixturesFittingsToolsAndEquipment>
<fsa:PropertyPlantAndEquipmentInProgress contextRef="ctx15" unitRef="vDKK" decimals="-3">49429000</fsa:PropertyPlantAndEquipmentInProgress>
<fsa:LeaseholdImprovements contextRef="ctx15" unitRef="vDKK" decimals="-3">61667000</fsa:LeaseholdImprovements>
<fsa:PropertyPlantAndEquipment contextRef="ctx15" unitRef="vDKK" decimals="-3">126909000</fsa:PropertyPlantAndEquipment>
<fsa:LongtermReceivablesFromGroupEnterprises contextRef="ctx15" unitRef="vDKK" decimals="-3">1875705000</fsa:LongtermReceivablesFromGroupEnterprises>
<fsa:OtherLongtermReceivables contextRef="ctx15" unitRef="vDKK" decimals="-3">235000</fsa:OtherLongtermReceivables>
<fsa:NoncurrentDeferredTaxAssets contextRef="ctx15" unitRef="vDKK" decimals="-3">17169000</fsa:NoncurrentDeferredTaxAssets>
<fsa:LongtermInvestmentsAndReceivables contextRef="ctx15" unitRef="vDKK" decimals="-3">1893109000</fsa:LongtermInvestmentsAndReceivables>
<fsa:NoncurrentAssets contextRef="ctx15" unitRef="vDKK" decimals="-3">2020018000</fsa:NoncurrentAssets>
<fsa:ShorttermReceivablesFromGroupEnterprises contextRef="ctx15" unitRef="vDKK" decimals="-3">266009000</fsa:ShorttermReceivablesFromGroupEnterprises>
<fsa:OtherShorttermReceivables contextRef="ctx15" unitRef="vDKK" decimals="-3">5510000</fsa:OtherShorttermReceivables>
<fsa:DeferredIncomeAssets contextRef="ctx15" unitRef="vDKK" decimals="-3">12314000</fsa:DeferredIncomeAssets>
<fsa:ShorttermTaxReceivables contextRef="ctx15" unitRef="vDKK" decimals="-3">0</fsa:ShorttermTaxReceivables>
<fsa:ShorttermReceivables contextRef="ctx15" unitRef="vDKK" decimals="-3">283833000</fsa:ShorttermReceivables>
<fsa:CashAndCashEquivalents contextRef="ctx15" unitRef="vDKK" decimals="-3">0</fsa:CashAndCashEquivalents>
<fsa:CurrentAssets contextRef="ctx15" unitRef="vDKK" decimals="-3">283833000</fsa:CurrentAssets>
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