Assets
| Type | Time | Amount | Unit |
|---|
Revenue
| Type | Start date | End date | Amount | Unit |
|---|
XML
See the xml submitted here:
XML: INVALID
Separator
The full data:
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<mrv:keyFigureOrFinancialRatioIdentifier>16</mrv:keyFigureOrFinancialRatioIdentifier>
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<xbrli:context id="ctx39">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">15505281</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2021-01-01</xbrli:startDate>
<xbrli:endDate>2021-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="mrv:IdentificationOfKeyFigureOrFinancialRatioDimension">
<mrv:keyFigureOrFinancialRatioIdentifier>17</mrv:keyFigureOrFinancialRatioIdentifier>
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</xbrli:context>
<xbrli:context id="ctx40">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">15505281</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2020-01-01</xbrli:startDate>
<xbrli:endDate>2020-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="mrv:IdentificationOfKeyFigureOrFinancialRatioDimension">
<mrv:keyFigureOrFinancialRatioIdentifier>18</mrv:keyFigureOrFinancialRatioIdentifier>
</xbrldi:typedMember>
</xbrli:scenario>
</xbrli:context>
<xbrli:context id="ctx41">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">15505281</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2019-01-01</xbrli:startDate>
<xbrli:endDate>2019-12-31</xbrli:endDate>
</xbrli:period>
<xbrli:scenario>
<xbrldi:typedMember dimension="mrv:IdentificationOfKeyFigureOrFinancialRatioDimension">
<mrv:keyFigureOrFinancialRatioIdentifier>19</mrv:keyFigureOrFinancialRatioIdentifier>
</xbrldi:typedMember>
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</xbrli:context>
<xbrli:context id="ctx42">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">15505281</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2023-01-01</xbrli:startDate>
<xbrli:endDate>2023-12-31</xbrli:endDate>
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<xbrli:scenario>
<xbrldi:typedMember dimension="cmn:IdentificationOfAuditorDimension">
<cmn:auditorIdentifier>0</cmn:auditorIdentifier>
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<xbrli:context id="ctx43">
<xbrli:entity>
<xbrli:identifier scheme="http://www.dcca.dk/cvr">15505281</xbrli:identifier>
</xbrli:entity>
<xbrli:period>
<xbrli:startDate>2023-01-01</xbrli:startDate>
<xbrli:endDate>2023-12-31</xbrli:endDate>
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<xbrldi:typedMember dimension="cmn:IdentificationOfAuditorDimension">
<cmn:auditorIdentifier>1</cmn:auditorIdentifier>
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<xbrli:unit id="vEUR">
<xbrli:measure>iso4217:EUR</xbrli:measure>
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<xbrli:unit id="pure">
<xbrli:measure>xbrli:pure</xbrli:measure>
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<gsd:ReportingPeriodStartDate contextRef="ctx1">2023-01-01</gsd:ReportingPeriodStartDate>
<gsd:ReportingPeriodEndDate contextRef="ctx1">2023-12-31</gsd:ReportingPeriodEndDate>
<gsd:IdentificationNumberCvrOfReportingEntity contextRef="ctx1">15505281</gsd:IdentificationNumberCvrOfReportingEntity>
<gsd:DateOfGeneralMeeting contextRef="ctx1">2024-05-16</gsd:DateOfGeneralMeeting>
<gsd:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="ctx1" xml:lang="da">Martin Schak Møller</gsd:NameAndSurnameOfChairmanOfGeneralMeeting>
<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 colspan="1">Managementâs Statement</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 colspan="1">The Board of Directors and Executive Board have considered and adopted the Annual</td></tr><tr><td colspan="1">Report for the financial year January 1 - December 31, 2023, for SimCorp A/S.</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 colspan="1">The Annual Report is 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 colspan="1">In our opinion the Financial Statements give a true and fair view of the financial position at</td></tr><tr><td colspan="1">December 31, 2023 of the Company and of the results of the Companyâs operations for 2023.</td></tr></table></sob:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults>
<sob:ManagementsStatementAboutManagementsReview 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">In our opinion, the Management's Review includes a true and fair account of the</td></tr><tr><td colspan="1">development in the operations and financial circumstances in SimCorp A/S.</td></tr></table></sob:ManagementsStatementAboutManagementsReview>
<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 colspan="1">We recommend that the Annual Report be adopted at the Annual General Meeting.</td></tr></table></sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting>
<sob:PlaceOfSignatureOfStatement contextRef="ctx1" xml:lang="da">Copenhagen</sob:PlaceOfSignatureOfStatement>
<sob:DateOfApprovalOfAnnualReport contextRef="ctx1">2024-05-16</sob:DateOfApprovalOfAnnualReport>
<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 colspan="1">Independent Auditorâs 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 colspan="1">To the Shareholders of SimCorp A/S</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 colspan="1">Opinion</td></tr><tr><td colspan="1">In our opinion, the Financial Statements give a true and fair view of the financial position of</td></tr><tr><td colspan="1">the Company at 31 December 2023, and of the results of the Companyâs operations for the</td></tr><tr><td colspan="1">financial year 1 January - 31 December 2023 in accordance with the Danish Financial</td></tr><tr><td colspan="1">Statements Act.</td></tr><tr><td colspan="1">We have audited the Financial Statements of SimCorp A/S for the financial year 1 January -</td></tr><tr><td colspan="1">31 December 2023, which comprise income statement, balance sheet, statement of changes</td></tr><tr><td colspan="1">in equity and notes, including a summary of significant accounting policies (âfinancial</td></tr><tr><td colspan="1">statementsâ).</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 colspan="1">Basis for Opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and</td></tr><tr><td colspan="1">the additional requirements applicable in Denmark. Our responsibilities under those</td></tr><tr><td colspan="1">standards and requirements are further described in the Auditorâs Responsibilities for the</td></tr><tr><td colspan="1">Audit of the Financial Statements section of our report. We are independent of the Company</td></tr><tr><td colspan="1">in accordance with the International Ethics Standards Board for Accountantsâ International</td></tr><tr><td colspan="1">Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical</td></tr><tr><td colspan="1">requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in</td></tr><tr><td colspan="1">accordance with these requirements and the IESBA Code. We believe that the audit</td></tr><tr><td colspan="1">evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr></table></arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements 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">Statement on Managementâs Review</td></tr><tr><td colspan="1">Management is responsible for Managementâs Review.</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover Managementâs Review, and we do</td></tr><tr><td colspan="1">not express any form of assurance conclusion thereon.</td></tr><tr><td colspan="1">In connection with our audit of the financial statements, our responsibility is to read</td></tr><tr><td colspan="1">Managementâs Review and, in doing so, consider whether Managementâs Review is</td></tr><tr><td colspan="1">materially inconsistent with the financial statements or our knowledge obtained during the</td></tr><tr><td colspan="1">audit, or otherwise appears to be materially misstated.</td></tr><tr><td colspan="1">Moreover, it is our responsibility to consider whether Managementâs Review provides the</td></tr><tr><td colspan="1">information required under the Danish Financial Statements Act.</td></tr><tr><td colspan="1">Based on the work we have performed, in our view, Managementâs Review is in accordance</td></tr><tr><td colspan="1">with the Financial Statements and has been prepared in accordance with the requirements</td></tr><tr><td colspan="1">of the Danish Financial Statements Act. We did not identify any material misstatement in</td></tr><tr><td colspan="1">Managementâs Review.</td></tr></table></arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<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 colspan="1">Managementâs Responsibilities for the Financial Statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of Financial Statements that give a true and</td></tr><tr><td colspan="1">fair view in accordance with the Danish Financial Statements Act, and for such internal</td></tr><tr><td colspan="1">control as Management determines is necessary to enable the preparation of financial</td></tr><tr><td colspan="1">statements that are free from material misstatement, whether due to fraud or error.</td></tr><tr><td colspan="1">In preparing the financial statements, Management is responsible for assessing the</td></tr><tr><td colspan="1">Companyâs ability to continue as a going concern, disclosing, as applicable, matters related</td></tr><tr><td colspan="1">to going concern and using the going concern basis of accounting in preparing the financial</td></tr><tr><td colspan="1">statements unless Management either intends to liquidate the Company or to cease</td></tr><tr><td colspan="1">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 colspan="1">Auditorâs Responsibilities for the Audit of the Financial Statements</td></tr><tr><td colspan="1">Our objectives are to obtain reasonable assurance about whether the financial statements</td></tr><tr><td colspan="1">as a whole are free from material misstatement, whether due to fraud or error, and to issue</td></tr><tr><td colspan="1">an auditorâs report that includes our opinion. Reasonable assurance is a high level of</td></tr><tr><td colspan="1">assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the</td></tr><tr><td colspan="1">additional requirements applicable in Denmark will always detect a material misstatement</td></tr><tr><td colspan="1">when it exists. Misstatements can arise from fraud or error and are considered material if,</td></tr><tr><td colspan="1">individually or in the aggregate, they could reasonably be expected to influence the</td></tr><tr><td colspan="1">economic decisions of users taken on the basis of these financial statements.</td></tr><tr><td colspan="1">As part of an audit conducted in accordance with ISAs and the additional requirements</td></tr><tr><td colspan="1">applicable in Denmark, we exercise professional judgement and maintain professional</td></tr><tr><td colspan="1">scepticism throughout the audit. We also</td></tr><tr><td colspan="1">⢠Identify and assess the risks of material misstatement of the financial statements,</td></tr><tr><td colspan="1">whether due to fraud or error, design and perform audit procedures responsive to those</td></tr><tr><td colspan="1">risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for</td></tr><tr><td colspan="1">our opinion. The risk of not detecting a material misstatement resulting from fraud is</td></tr><tr><td colspan="1">higher than for one resulting from error as fraud may involve collusion, forgery,</td></tr><tr><td colspan="1">intentional omissions, misrepresentations, or the override of internal control.</td></tr><tr><td colspan="1">⢠Obtain an understanding of internal control relevant to the audit in order to design audit</td></tr><tr><td colspan="1">procedures that are appropriate in the circumstances, but not for the purpose of</td></tr><tr><td colspan="1">expressing an opinion on the effectiveness of the Companyâs internal control.</td></tr><tr><td colspan="1">⢠Evaluate the appropriateness of accounting policies used and the reasonableness of</td></tr><tr><td colspan="1">accounting estimates and related disclosures made by Management.</td></tr><tr><td colspan="1">⢠Conclude on the appropriateness of Managementâs use of the going concern basis of</td></tr><tr><td colspan="1">accounting in preparing the financial statements and, based on the audit evidence</td></tr><tr><td colspan="1">obtained, whether a material uncertainty exists related to events or conditions that may</td></tr><tr><td colspan="1">cast significant doubt on the Companyâs ability to continue as a going concern. If we</td></tr><tr><td colspan="1">conclude that a material uncertainty exists, we are required to draw attention in our</td></tr><tr><td colspan="1">auditorâs report to the related disclosures in the financial statements or, if such</td></tr><tr><td colspan="1">disclosures are inadequate, to modify our opinion. Our conclusions are based on the</td></tr><tr><td colspan="1">audit evidence obtained up to the date of our auditorâs report. However, future events or</td></tr><tr><td colspan="1">conditions may cause the Company to cease to continue as a going concern.</td></tr><tr><td colspan="1">⢠Evaluate the overall presentation, structure and contents of the financial statements</td></tr><tr><td colspan="1">including the disclosures, and whether the financial statements represent the underlying</td></tr><tr><td colspan="1">transactions and events in a manner that gives a true and fair view.</td></tr><tr><td colspan="1">We communicate with those charged with governance regarding, among other matters, the</td></tr><tr><td colspan="1">planned scope and timing of the audit and significant audit findings, including any significant</td></tr><tr><td colspan="1">deficiencies in internal control that we identify during our audit.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<arr:SignatureOfAuditorsPlace contextRef="ctx1" xml:lang="da">Copenhagen</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx1">2024-05-16</arr:SignatureOfAuditorsDate>
<gsd:NameOfReportingEntity contextRef="ctx1" xml:lang="da">SimCorp A/S</gsd:NameOfReportingEntity>
<gsd:AddressOfReportingEntityStreetName contextRef="ctx1" xml:lang="da">Weidekampsgade</gsd:AddressOfReportingEntityStreetName>
<gsd:AddressOfReportingEntityStreetBuildingIdentifier contextRef="ctx1" xml:lang="da">16</gsd:AddressOfReportingEntityStreetBuildingIdentifier>
<gsd:AddressOfReportingEntityPostCodeIdentifier contextRef="ctx1" xml:lang="da">2300</gsd:AddressOfReportingEntityPostCodeIdentifier>
<gsd:AddressOfReportingEntityDistrictName contextRef="ctx1" xml:lang="da">Copenhagen S</gsd:AddressOfReportingEntityDistrictName>
<gsd:TelephoneNumberOfReportingEntity contextRef="ctx1" xml:lang="da">+45 35 44 88 00</gsd:TelephoneNumberOfReportingEntity>
<gsd:RegisteredOfficeOfReportingEntity contextRef="ctx1" xml:lang="da">Copenhagen</gsd:RegisteredOfficeOfReportingEntity>
<mrv:DescriptionOfKeyFiguresAndFinancialRatios 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 highlights</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 colspan="2">Financial ratio definitions</td></tr><tr><td>Gross margin (%)</td><td>Gross profit / revenue x 100</td></tr><tr><td>Profit margin (%)</td><td>Operating profit / revenue x 100</td></tr><tr><td>Return on assets (%)</td><td>Operating profit / average total assets x 100</td></tr><tr><td>Solvency ratio (%)</td><td>Equity / total assets</td></tr><tr><td>Return on equity (%)</td><td>Net profit for the year / average equity x 100</td></tr><tr><td>Annual recurring revenue (ARR)</td><td>Annual recurring revenue is the total of the average monthly</td></tr><tr><td>(forward looking)</td><td>revenue of all contracts in force at a point in time multiplied by 12</td></tr></table></mrv:DescriptionOfKeyFiguresAndFinancialRatios>
<fsa:Revenue contextRef="ctx1" unitRef="vEUR" decimals="-3">301390000</fsa:Revenue>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="ctx1" unitRef="vEUR" decimals="-3">47506000</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:ProfitLoss contextRef="ctx1" unitRef="vEUR" decimals="-3">62562000</fsa:ProfitLoss>
<fsa:AverageNumberOfEmployees contextRef="ctx1" unitRef="pure" decimals="0">590</fsa:AverageNumberOfEmployees>
<mrv:GrossMargin contextRef="ctx1" unitRef="pure" decimals="3">0.484</mrv:GrossMargin>
<mrv:OperatingMargin contextRef="ctx1" unitRef="pure" decimals="3">0.158</mrv:OperatingMargin>
<mrv:SolvencyRatio contextRef="ctx1" unitRef="pure" decimals="3">0.818</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx1" unitRef="pure" decimals="3">0.105</mrv:ReturnOnEquity>
<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 colspan="1">Managementâs 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 colspan="1">Operating review</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 colspan="1">Description of key activities of the company</td></tr><tr><td colspan="1">SimCorp offers an industry-leading front-to-back investment management platform and</td></tr><tr><td colspan="1">ecosystem comprising partners, services and third-party connectivity. Be it on our Software</td></tr><tr><td colspan="1">as a Service (SaaS) platform or as an on-premise solution, we offer clients the operating</td></tr><tr><td colspan="1">efficiency and flexibility they need to succeed in an increasingly complex world. Globally, we</td></tr><tr><td colspan="1">serve clients, ranging from central banks and sovereign wealth funds to pension and</td></tr><tr><td colspan="1">insurance funds, asset managers, fund managers, asset servicers, and wealth managers.</td></tr><tr><td colspan="1">On September 29, 2023 Deutsche Börse Group acquired the shares in SimCorp. The</td></tr><tr><td colspan="1">Company is a wholly owned subsidiary of Deutsche Börse Group and is part of the Deutsche</td></tr><tr><td colspan="1">Börse Groupâs investment, including Deutsche Börse Groupâs goals and policies for</td></tr><tr><td colspan="1">managing financial risks, etc.</td></tr></table></mrv:DescriptionOfPrimaryActivitiesOfEntity>
<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 colspan="1">Development in activities and financial matters</td></tr><tr><td colspan="1">The revenue for the year totals EUR 301 million against EUR 263 million in 2022.</td></tr><tr><td colspan="1">For 2023 the company achieved an Operating profit margin of 16%. This is in line with the</td></tr><tr><td colspan="1">expectations presented as part of the Financial Guidance for 2023 for the SimCorp Group as</td></tr><tr><td colspan="1">a whole, including subsidiaries, which indicated an expected Operating profit margin of 21-</td></tr><tr><td colspan="1">24% excluding special items. The reported Operating profit margin of 16%, is however</td></tr><tr><td colspan="1">considerably affected by costs related to the takeover by Deutsche Börse, as well as a</td></tr><tr><td colspan="1">restructuring initiative.</td></tr><tr><td colspan="1">The nature of the restructuring initiative (FuEl) should Fund and Elevate the journey and</td></tr><tr><td colspan="1">transformation of SimCorp to a SaaS company. As a consequence of FuEl non-recurring</td></tr><tr><td colspan="1">costs have impacted the operational profit in 2023.</td></tr><tr><td colspan="1">Without the effect of the before mentioned costs the operating profit margin would have been</td></tr><tr><td colspan="1">within the expected range of 21-24%. Based on this we consider the operating profit margin</td></tr><tr><td colspan="1">to be satisfactory.</td></tr><tr><td colspan="1">SimCorp Group focus on organic ARR (Annual recurring revenue) (forward-looking) growth,</td></tr><tr><td colspan="1">cf. definition in financial ratio. As part of our financial guidance for 2023 an expected ARR</td></tr><tr><td colspan="1">growth of 12-17% was presented. SimCorp A/S delivered a growth of 18% on ARR in 2023</td></tr><tr><td colspan="1">with an increase of EUR 5.6 million totaling EUR 36.8 million at the end of 2023 against EUR</td></tr><tr><td colspan="1">31.2 million last year.</td></tr></table></mrv:DescriptionOfDevelopmentInActivitiesAndFinancialAffairs>
<mrv:EntitysExposureToPriceRiskCreditRiskLiquidityRiskAndCashFlowRisk 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">Risks</td></tr><tr><td colspan="1">Due to the nature of its operations, investments, and financing, the company is exposed to</td></tr><tr><td colspan="1">changes in exchange rates and interest rates.</td></tr><tr><td colspan="1">Currency risk</td></tr><tr><td colspan="1">SimCorpâs Group Finance department manages the companyâs currency and financial</td></tr><tr><td colspan="1">exposures pursuant to the treasury policy approved by the Board of Directors, including</td></tr><tr><td colspan="1">keeping overall currency and financial exposure within defined limits.</td></tr><tr><td colspan="1">The company trades with its subsidiaries in their functional currencies and is therefore also</td></tr><tr><td colspan="1">exposed to and impacted by currency fluctuations. Currency risks stemming from</td></tr><tr><td colspan="1">transactions with the Companyâs subsidiaries constitutes the majority of the Company's</td></tr><tr><td colspan="1">transactions in foreign currency. Based on a cost-benefit analysis the Company does not</td></tr><tr><td colspan="1">apply any hedging or similar strategies to reduce the potential impact of currency exposure.</td></tr><tr><td colspan="1">The Groupâs foreign exchange management policy is to balance incoming and outgoing</td></tr><tr><td colspan="1">payments in local currencies as much as possible and generally seek to ensure that an</td></tr><tr><td colspan="1">increasing number of contracts entered into are EUR-denominated.</td></tr><tr><td colspan="1">Interest rate risk</td></tr><tr><td colspan="1">The Companyâs interest rate risks are generally related to its bank deposits and credit</td></tr><tr><td colspan="1">facilities. The company is 100% self-financed and has no bank loans at the balance sheet</td></tr><tr><td colspan="1">date.</td></tr><tr><td colspan="1">Deposits</td></tr><tr><td colspan="1">The Group had cash deposits of EUR 15.0 million on December 31, 2023 (2022: EUR 11.7</td></tr><tr><td colspan="1">million) carrying a variable rate of interest based on the money market rate. The effective</td></tr><tr><td colspan="1">rate of interest varies with the currency and, made up at the statement of financial position</td></tr><tr><td colspan="1">date, fluctuated between 1.5% and 5.25% in 2023 (2022: -0.5% and 0.0%) for significant</td></tr><tr><td colspan="1">cash deposits.</td></tr><tr><td colspan="1">Credit facilities/loans</td></tr><tr><td colspan="1">SimCorp has a committed credit facility to EUR 37.0 million which matures July 2025 with</td></tr><tr><td colspan="1">the opportunity to extend with one year, and a seasonal credit facility of EUR 33.6 million</td></tr><tr><td colspan="1">covering the period from March 15 to October 15, with same terms.</td></tr><tr><td colspan="1">On December 31, 2023, there was no draw on the credit facilities (2022: EUR 6.7 million).</td></tr><tr><td colspan="1">Sensitivity</td></tr><tr><td colspan="1">Exposure to interest risk arises from cash deposits and from draws on the credit facility and</td></tr><tr><td colspan="1">seasonal facility. If interest rates increased by one percentage point, it would have a positive</td></tr><tr><td colspan="1">impact of EUR 0.2 million (2022: positive impact of EUR 0.1 million). A corresponding</td></tr><tr><td colspan="1">decrease in interest rates would have the opposite impact.</td></tr><tr><td colspan="1">Liquidity risk</td></tr><tr><td colspan="1">Group liquidity is managed by Group Treasury, with the objective of ensuring effective</td></tr><tr><td colspan="1">liquidity management by obtaining sufficient committed credit facilities to provide adequate</td></tr><tr><td colspan="1">financial resources. Cash reserve and expected cash flow for 2024 are considered to be</td></tr><tr><td colspan="1">adequate to meet the obligations of the Group as they fall due. Cash reserve comprises</td></tr><tr><td colspan="1">cash and cash equivalent and unutilized credit facilities. The Group aims to have sufficient</td></tr><tr><td colspan="1">cash reserves to allow it to continue to operate adequately in case of unforeseen fluctuations</td></tr><tr><td colspan="1">in cash.</td></tr><tr><td colspan="1">Credit risks</td></tr><tr><td colspan="1">The company is not exposed to significant risks concerning individual clients or business</td></tr><tr><td colspan="1">partners as clients are generally major investment managers in the financial sector. Under</td></tr><tr><td colspan="1">the companyâs policy for assuming credit risk, all major clients and other business partners</td></tr><tr><td colspan="1">are assessed prior to any contract being signed.</td></tr></table></mrv:EntitysExposureToPriceRiskCreditRiskLiquidityRiskAndCashFlowRisk>
<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 colspan="1">Research and development activities</td></tr><tr><td colspan="1">Over the past year, SimCorp has undergone a major transformation both with respect to its</td></tr><tr><td colspan="1">systems landscape and operations.</td></tr><tr><td colspan="1">SimCorp has changed from a licence-based operating model to a SaaS-based operating</td></tr><tr><td colspan="1">model, primarily as a consequence of customer demand. Management expects 80 percent</td></tr><tr><td colspan="1">of the Group's existing customers to be transferred from an on-premise solution to a cloud-</td></tr><tr><td colspan="1">based solution in the coming years.</td></tr><tr><td colspan="1">As a consequence of the change in SimCorpâs system landscape and operating model,</td></tr><tr><td colspan="1">development costs were reassessed in 2023. Based on analysis, benchmark studies and</td></tr><tr><td colspan="1">interviews with relevant employees at SimCorp, including project managers from</td></tr><tr><td colspan="1">development departments, it was concluded that SimCorp met the criteria for capitalization</td></tr><tr><td colspan="1">of the companyâs development costs from 1 October 2023. The conclusion has been further</td></tr><tr><td colspan="1">supported by empirical studies conducted in collaboration with external owner, Deutsche</td></tr><tr><td colspan="1">Börse Group, which conclude that SimCorp, following the transformation from a license and</td></tr><tr><td colspan="1">on-premise-based business model to a cloud-based business model, is expected to be able</td></tr><tr><td colspan="1">to identify, track and report software development costs. It is estimated that approximately 35</td></tr><tr><td colspan="1">percent of the companyâs total development costs are expected to meet the capitalization</td></tr><tr><td colspan="1">requirements. The company has capitalized development costs of EUR 12,281 thousand in</td></tr><tr><td colspan="1">2023. Remaining costs are initially assessed to be maintenance or development costs that</td></tr><tr><td colspan="1">do not meet the capitalization requirements, and therefore are expensed as incurred. The</td></tr><tr><td colspan="1">recognition of costs incurred, and capitalization is subject to assessment by management.</td></tr></table></mrv:DescriptionOfResearchAndDevelopmentActivitiesInAndForReportingEntity>
<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 colspan="1">Intellectual capital resources</td></tr><tr><td colspan="1">SimCorpâs business is based on specialized expertise and innovation. It is imperative that</td></tr><tr><td colspan="1">SimCorp continues to attract, develop, and retain skilled employees and management talent.</td></tr><tr><td colspan="1">Failure to do so constitutes a risk to the Group.</td></tr><tr><td colspan="1">The supply of talent is provided internally through development as well as from the market.</td></tr><tr><td colspan="1">For some roles, there is fierce competition for talent. Hence, SimCorpâs ability to successfully</td></tr><tr><td colspan="1">attract, hire, onboard and retain our talent â and do this in a scalable and efficient way â is</td></tr><tr><td colspan="1">critical for our long-term success.</td></tr><tr><td colspan="1">To strengthen SimCorpâs employer brand and this way increase awareness of what SimCorp</td></tr><tr><td colspan="1">has to offer as an employer, several initiatives have been implemented during the last years.</td></tr><tr><td colspan="1">Furthermore, to retain talent in SimCorp, substantial resources have been allocated to</td></tr><tr><td colspan="1">mentoring and leadership programs in the last years.</td></tr></table></mrv:DescriptionOfKnowledgeResources>
<mrv:LinkToStatementOfCorporateSocialResponsibility contextRef="ctx1">https://www.deutsche-boerse.com/dbg-en/responsibility/sustainability/esg-</mrv:LinkToStatementOfCorporateSocialResponsibility>
<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 colspan="1">Statement on corporate social responsibility</td></tr><tr><td colspan="1">Deutsche Börse Group explains the work with social responsibility, targets and policies for</td></tr><tr><td colspan="1">the underrepresented gender in management in the sustainability report for 2023. The report</td></tr><tr><td colspan="1">is based on Deutsche Börse Groupâs policies in the area of social responsibility and</td></tr><tr><td colspan="1">international guidelines such as the UN Global Compactâs 10 principles. The report is</td></tr><tr><td colspan="1">published at https://www.deutsche-boerse.com/dbg-en/responsibility/sustainability/esg-</td></tr><tr><td colspan="1">reporting-ratings/annual-report.</td></tr><tr><td colspan="1">DBG-Consolidated-financial-statements-and-notes-AR-2023.pdf (deutsche-boerse.com)</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 colspan="1">Share-based payments</td></tr><tr><td colspan="1">Simcorp has for several years granted restricted share units (RSUâs) to certain employees.</td></tr><tr><td colspan="1">The programs are subject to continued employment and some programs are also subject to</td></tr><tr><td colspan="1">certain financial performance criteria (non-market vesting conditions). Under the</td></tr><tr><td colspan="1">arrangement, the Board of directors can elect to settle the RSUâs in cash rather than in</td></tr><tr><td colspan="1">shares. Following Deutsche Börse AGâs successful completion of the public takeover of</td></tr><tr><td colspan="1">SimCorp, it is most likely that all future vestingâs will be cash settled. The RSUâs can be</td></tr><tr><td colspan="1">settled at 735 DKK per RSU. Consequently, the RSUâs has been reclassified from equity to</td></tr><tr><td colspan="1">current (Other payables) and non-current liabilities (Other provision) at December 31, 2023</td></tr><tr><td colspan="1">valuation. Vesting continues according to the original terms in respect of vesting date and</td></tr><tr><td colspan="1">performance criteria i.e. the participants will receive the RSUâs upon vesting.</td></tr><tr><td colspan="1">Acquisition of Axioma</td></tr><tr><td colspan="1">Towards the end of the year, it was announced that SimCorp A/S acquired the shares in</td></tr><tr><td colspan="1">Axioma Inc. Following the acquisition, the companyâs name will remain SimCorp and Axioma</td></tr><tr><td colspan="1">will continue as an independent brand within the new company.</td></tr><tr><td colspan="1">Prior to the acquisition, Axioma was part of Qontigo, a subsidiary of the Deutsche Börse</td></tr><tr><td colspan="1">Group since 2019 and a strategic partner of SimCorp since 2021.</td></tr><tr><td colspan="1">SimCorp will continue its open platform strategy and offer clients the fullest optionality,</td></tr><tr><td colspan="1">including access to other risk management providers. Similarly, the Axioma brand will</td></tr><tr><td colspan="1">continue to be available to other investment management platform providers.</td></tr><tr><td colspan="1">With the acquisition of Axioma Inc., SimCorp further strengthens its presence in key markets,</td></tr><tr><td colspan="1">such as North America, which is our primary growth market. This paves the way for</td></tr><tr><td colspan="1">accelerating growth. Over the past two years, our partnership has proven highly successful,</td></tr><tr><td colspan="1">and by strategically utilizing each otherâs market positions, we can now access a broader</td></tr><tr><td colspan="1">market with an even stronger offering.</td></tr></table></mrv:StatementOfCorporateSocialResponsibility>
<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 colspan="6">Statement on goals and policies for the underrepresented gender</td></tr><tr><td colspan="6">Target-setting for a gender-balanced organization</td></tr><tr><td colspan="6">Women are the underrepresented gender at SimCorp and we have a target to reach 36%</td></tr><tr><td colspan="6">women as a share of 1) the total full-time employee population, 2) people leaders, and 3)</td></tr><tr><td colspan="6">Global Management Committee (GMC) by 2025. By 2030, our target is 40% women in all</td></tr><tr><td colspan="6">three of these categories.</td></tr><tr><td colspan="6">Gender targets and representation at top leadership levels</td></tr><tr><td colspan="6">SimCorp strives for diversity at all levels of the organization.</td></tr><tr><td colspan="6">As women are the underrepresented gender at SimCorp, we have a 2025-target to reach</td></tr><tr><td colspan="6">36 % women as a share of</td></tr><tr><td colspan="6">1. Board of Directors</td></tr><tr><td colspan="6">2. Global Management Committee (GMC)</td></tr><tr><td colspan="6">3. The total full-time employee population</td></tr><tr><td colspan="6">By 2030, our target is to reach a share of 40 % representation of women in the GMC and in</td></tr><tr><td colspan="6">our overall workforce as well as the board.</td></tr><tr><td colspan="6">However, at year end, women comprise 33.3 % of the Board of Directors. Thus, SimCorp</td></tr><tr><td colspan="6">reached an equal gender split in the Board of Directors resulting in non-disclosure of our</td></tr><tr><td colspan="6">gender target for 2025 and 2030 respectively.</td></tr><tr><td colspan="6">Whenever there is an open position at the Board of Directors, ExCo, and Group</td></tr><tr><td colspan="6">Management Committee levels, the most qualified candidate should be hired. At the same</td></tr><tr><td colspan="6">time, the goal is to increase diversity across several parameters - especially with regard to</td></tr><tr><td colspan="6">gender balance, but also in relation to age, nationality, professional capabilities, and</td></tr><tr><td colspan="6">experience.</td></tr><tr><td colspan="6">SimCorp and our employees support and participate in several initiatives that champion</td></tr><tr><td colspan="6">diversity, equity and inclusion.</td></tr><tr><td colspan="6">In 2023, these initiatives have included</td></tr><tr><td colspan="6">⢠SimCorp is offering inclusive leadership awareness as part of our âLead with</td></tr><tr><td colspan="6">Impactâ initiative.</td></tr><tr><td colspan="6">⢠Thriving towards a gender balance in new hires by running and publishing Job</td></tr><tr><td colspan="6">Adverts through our DevelopDiverse Tool as well as driving dialogues with the</td></tr><tr><td colspan="6">business around diverse hiring, diverse interview panels and a representation of</td></tr><tr><td colspan="6">different genders through the process.</td></tr><tr><td colspan="6">⢠We have also expanded our data extraction and utilization to better understand</td></tr><tr><td colspan="6">challenges when it comes to diversity and inclusion.</td></tr><tr><td colspan="6">⢠SimCorp placed diversity and inclusion targets in place as part of our corporate</td></tr><tr><td colspan="6">scorecard.</td></tr><tr><td colspan="6">It is expected that these different initiatives will impact the gender balance at all levels of the</td></tr><tr><td colspan="6">organization.</td></tr><tr><td colspan="6">Overview of gender targets</td></tr><tr><td>Definition od upper management and number of members</td><td>Description</td><td>Target 2030</td><td>Target 2025</td><td>2023 pct of the underrepresented gender</td><td>Number of Women</td></tr><tr><td>The board of Directors consists of 6 members excluding 3 employee-elected members</td><td>Share of women, shareholder elected Board members excluding employee-elected members</td><td>No target as an equal gender composition has been met in 2023</td><td>No target as an equal gender composition has been met in 2023</td><td>33,30%</td><td>2 out of 6 members</td></tr><tr><td>In Simcorp A/S the upper management consists of ExCo members and the general Management Committee (GMC). The definition of GMC is "Vice Presidents and above reporting to ExCo". Please note that the 7 ExCo members are part of the total number of GMC members. The GMC consists of 18 members whereof 7 are ExCo members.</td><td>Women as share of GMC</td><td>40%</td><td>36%</td><td>33,30%</td><td>6 out of 18 members</td></tr><tr><td>Women as share of all employees</td><td>Women as share of all employees</td><td>40%</td><td>36%</td><td>33,00%</td><td>195 out of 590 FTEs</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 colspan="1">Statement of target figures and policies for the underrepresented gender</td></tr></table></mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
<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 colspan="1">Statement on data ethics</td></tr><tr><td colspan="1">SimCorp has adopted a Data Ethics Policy, the aim of which is to raise awareness of and</td></tr><tr><td colspan="1">enhance SimCorpâs data ethical values and their anchoring in our organization. The policy is</td></tr><tr><td colspan="1">applicable to all types of data processing, regardless of whether it includes personal data.</td></tr><tr><td colspan="1">The policy is universal and aims to embrace all scenarios in which data ethics considerations</td></tr><tr><td colspan="1">are relevant.</td></tr><tr><td colspan="1">SimCorp processes data on our employees, our clientsâ employees, our shareholders, and</td></tr><tr><td colspan="1">partners to administer our relationships and to support our decisions. The nature of the</td></tr><tr><td colspan="1">services which SimCorp provides requires that SimCorp processes transactional and</td></tr><tr><td colspan="1">portfolio data on behalf of our clients. SimCorp never engages in selling data which it has</td></tr><tr><td colspan="1">obtained through such processes.</td></tr><tr><td colspan="1">All new and existing employees will participate in training programs which include topics on</td></tr><tr><td colspan="1">data ethics.</td></tr><tr><td colspan="1">The complete policy can be found on the below link</td></tr><tr><td colspan="1">Data Ethics Policy</td></tr><tr><td colspan="1">Deutsche Börse Group prepares an annual report on the groupâs work with policy for data</td></tr><tr><td colspan="1">ethics. The report is published at https://www.deutsche-boerse.com/dbg-en/investor-</td></tr><tr><td colspan="1">relations/corporate-governance/compliance.</td></tr><tr><td colspan="1">Please refer to the Deutsche Börse Groupâs annual report for corporate reporting (ESG key</td></tr><tr><td colspan="1">figures).</td></tr></table></mrv:StatementOfPolicyForDataEthics>
<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 colspan="1">Expectation for next year</td></tr><tr><td colspan="1">SimCorp A/S expect to continue the positive development in 2024. Revenue is expected to</td></tr><tr><td colspan="1">increase 15% and operating profit is expected at same level of 16%.</td></tr></table></mrv:DescriptionOfExpectedDevelopment>
<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 colspan="1">Events after the balance sheet date</td></tr><tr><td colspan="1">No events materially affecting the assessment of the Annual Report occurred after the</td></tr><tr><td colspan="1">balance sheet date.</td></tr></table></mrv:DescriptionOfSignificantEventsOccurringAfterEndOfReportingPeriod>
<fsa:OtherOperatingIncome contextRef="ctx1" unitRef="vEUR" decimals="-3">30384000</fsa:OtherOperatingIncome>
<fsa:CostOfSales contextRef="ctx1" unitRef="vEUR" decimals="-3">111471000</fsa:CostOfSales>
<fsa:OtherExternalExpenses contextRef="ctx1" unitRef="vEUR" decimals="-3">74338000</fsa:OtherExternalExpenses>
<fsa:GrossProfitLoss contextRef="ctx1" unitRef="vEUR" decimals="-3">145965000</fsa:GrossProfitLoss>
<fsa:EmployeeBenefitsExpense contextRef="ctx1" unitRef="vEUR" decimals="-3">93215000</fsa:EmployeeBenefitsExpense>
<fsa:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="ctx1" unitRef="vEUR" decimals="-3">4193000</fsa:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss>
<fsa:OtherOperatingExpenses contextRef="ctx1" unitRef="vEUR" decimals="-3">1051000</fsa:OtherOperatingExpenses>
<fsa:IncomeFromInvestmentsInGroupEnterprises contextRef="ctx1" unitRef="vEUR" decimals="-3">26628000</fsa:IncomeFromInvestmentsInGroupEnterprises>
<fsa:IncomeFromInvestmentsInAssociates contextRef="ctx1" unitRef="vEUR" decimals="-3">62000</fsa:IncomeFromInvestmentsInAssociates>
<fsa:OtherFinanceIncome contextRef="ctx1" unitRef="vEUR" decimals="-3">3336000</fsa:OtherFinanceIncome>
<fsa:OtherFinanceExpenses contextRef="ctx1" unitRef="vEUR" decimals="-3">3179000</fsa:OtherFinanceExpenses>
<fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="ctx1" unitRef="vEUR" decimals="-3">74353000</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
<fsa:TaxExpense contextRef="ctx1" unitRef="vEUR" decimals="-3">11791000</fsa:TaxExpense>
<fsa:StatementOfChangesInEquity 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="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="7" align="left" valign="middle" >Statement of changes in equity</td></tr><tr><td width="100%" colspan="7" align="left" valign="middle" >EUR thousand</td></tr><tr><td colspan="7"></td></tr><tr><td width="27%" ></td><td width="12%" ></td><td width="12%" colspan="1" align="right" valign="middle" ><b>Reserve for</b></td><td width="12%" colspan="1" align="right" valign="middle" ><b>Share-</b></td><td width="12%" colspan="1" align="right" valign="middle" ><b></b></td><td width="12%" colspan="1" align="right" valign="middle" ><b>Proposed</b></td><td width="13%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="27%" ></td><td width="12%" colspan="1" align="right" valign="middle" ><b>Share</b></td><td width="12%" colspan="1" align="right" valign="middle" ><b>development</b></td><td width="12%" colspan="1" align="right" valign="middle" ><b>based</b></td><td width="12%" colspan="1" align="right" valign="middle" ><b>Retained</b></td><td width="12%" colspan="1" align="right" valign="middle" ><b>dividends</b></td><td width="13%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="27%" ></td><td width="12%" colspan="1" align="right" valign="middle" ><b>capital</b></td><td width="12%" colspan="1" align="right" valign="middle" ><b>projects</b></td><td width="12%" colspan="1" align="right" valign="middle" ><b>payment</b></td><td width="12%" colspan="1" align="right" valign="middle" ><b>earnings</b></td><td width="12%" colspan="1" align="right" valign="middle" ><b>for the year</b></td><td width="13%" colspan="1" align="right" valign="middle" ><b>Total</b></td></tr><tr><td width="27%" colspan="1" align="left" valign="middle" ><b>Equity January 1, 2023</b></td><td width="12%" align="right" valign="middle" > 5.441 </td><td width="12%" align="right" valign="middle" > - </td><td width="12%" align="right" valign="middle" > 14.463 </td><td width="12%" align="right" valign="middle" > 277.084 </td><td width="12%" align="right" valign="middle" > 39.732 </td><td width="13%" align="right" valign="middle" > 336.720 </td></tr><tr><td width="63%" colspan="4" align="left" valign="middle" >Group contribution</td><td width="12%" align="right" valign="middle" > 510.900 </td><td width="12%" ></td><td width="13%" align="right" valign="middle" > 510.900 </td></tr><tr><td width="75%" colspan="5" align="left" valign="middle" >Dividend paid to shareholders</td><td width="12%" align="right" valign="middle" >- 39.732 </td><td width="13%" align="right" valign="middle" >- 39.732 </td></tr><tr><td width="63%" colspan="4" align="left" valign="middle" >Net profit for the year</td><td width="12%" align="right" valign="middle" > 62.562 </td><td width="12%" ></td><td width="13%" align="right" valign="middle" > 62.562 </td></tr><tr><td width="39%" colspan="2" align="left" valign="middle" >Capitalization development projects</td><td width="12%" align="right" valign="middle" > 9.579 </td><td width="12%" ></td><td width="12%" align="right" valign="middle" >- 9.579 </td><td width="12%" ></td><td width="13%" align="right" valign="middle" > - </td></tr><tr><td width="51%" colspan="3" align="left" valign="middle" >Share-based payment</td><td width="12%" align="right" valign="middle" > 12.303 </td><td width="12%" ></td><td width="12%" ></td><td width="13%" align="right" valign="middle" > 12.303 </td></tr><tr><td width="51%" colspan="3" align="left" valign="middle" >Share-based payment - reclassification</td><td width="12%" align="right" valign="middle" >- 26.766 </td><td width="12%" ></td><td width="12%" ></td><td width="13%" align="right" valign="middle" >- 26.766 </td></tr><tr><td width="63%" colspan="4" align="left" valign="middle" >Exchange rate adjustments</td><td width="12%" align="right" valign="middle" >- 677 </td><td width="12%" ></td><td width="13%" align="right" valign="middle" >- 677 </td></tr><tr><td width="75%" colspan="5" align="left" valign="middle" >Proposed dividends</td><td width="12%" align="right" valign="middle" > - </td><td width="13%" align="right" valign="middle" > - </td></tr><tr><td width="27%" colspan="1" align="left" valign="middle" ><b>Equity December 31, 2023</b></td><td width="12%" align="right" valign="middle" ><b> 5.441 </b></td><td width="12%" align="right" valign="middle" ><b> 9.579 </b></td><td width="12%" align="right" valign="middle" ><b> - </b></td><td width="12%" align="right" valign="middle" ><b> 840.290 </b></td><td width="12%" align="right" valign="middle" ><b> - </b></td><td width="13%" align="right" valign="middle" ><b> 855.310 </b></td></tr></table></fsa:StatementOfChangesInEquity>
<fsa:DisclosureOfRevenue 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="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Notes</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Revenue</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >EUR thousand</td><td width="15%" align="right" valign="middle" ><b>2023</b></td><td width="11%" align="right" valign="middle" ><b>2022</b></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Revenue breakdown by activity</td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >On-premise revenue</td><td width="15%" align="right" valign="middle" > 52.944 </td><td width="11%" align="right" valign="middle" > 37.909 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Software as a Service revenue</td><td width="15%" align="right" valign="middle" > 5.221 </td><td width="11%" align="right" valign="middle" > 2.885 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Professional service</td><td width="15%" align="right" valign="middle" > 9.409 </td><td width="11%" align="right" valign="middle" > 6.285 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Revenue from subsidiaries</td><td width="15%" align="right" valign="middle" > 233.816 </td><td width="11%" align="right" valign="middle" > 216.359 </td></tr><tr><td width="74%" ></td><td width="15%" align="right" valign="middle" ><b> 301.390 </b></td><td width="11%" align="right" valign="middle" ><b> 263.438 </b></td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Revenue breakdown by market</td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Scandinavia</td><td width="15%" align="right" valign="middle" > 89.753 </td><td width="11%" align="right" valign="middle" > 69.077 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Rest of Europe</td><td width="15%" align="right" valign="middle" > 131.598 </td><td width="11%" align="right" valign="middle" > 138.427 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >North America</td><td width="15%" align="right" valign="middle" > 47.587 </td><td width="11%" align="right" valign="middle" > 40.077 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Others</td><td width="15%" align="right" valign="middle" > 32.452 </td><td width="11%" align="right" valign="middle" > 15.857 </td></tr><tr><td width="74%" ></td><td width="15%" align="right" valign="middle" ><b> 301.390 </b></td><td width="11%" align="right" valign="middle" ><b> 263.438 </b></td></tr></table></fsa:DisclosureOfRevenue>
<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 colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Staff expense</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >EUR thousand</td><td width="15%" align="right" valign="middle" ><b>2023</b></td><td width="11%" align="right" valign="middle" ><b>2022</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Salaries</td><td width="15%" align="right" valign="middle" > 91.125 </td><td width="11%" align="right" valign="middle" > 84.687 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Defined contribution pension plans</td><td width="15%" align="right" valign="middle" > 1.910 </td><td width="11%" align="right" valign="middle" > 1.807 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Social security costs</td><td width="15%" align="right" valign="middle" > 180 </td><td width="11%" align="right" valign="middle" > 184 </td></tr><tr><td width="74%" ></td><td width="15%" align="right" valign="middle" ><b> 93.215 </b></td><td width="11%" align="right" valign="middle" ><b> 86.678 </b></td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Including remuneration to the executive and Board of Directors</td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Executive Board</td><td width="15%" align="right" valign="middle" > 4.446 </td><td width="11%" align="right" valign="middle" > 4.504 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Board of Directors</td><td width="15%" align="right" valign="middle" > 797 </td><td width="11%" align="right" valign="middle" > 947 </td></tr><tr><td width="74%" ></td><td width="15%" align="right" valign="middle" ><b> 5.243 </b></td><td width="11%" align="right" valign="middle" ><b> 5.451 </b></td></tr><tr><td colspan="3"></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Average number of employees</td><td width="15%" align="right" valign="middle" > 590 </td><td width="11%" align="right" valign="middle" > 573 </td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >SimCorpâs Board of Directors has adopted an overall policy for remuneration and</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >incentive programs. The policy has been approved by shareholders at the Annual</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >General Meeting with the overall objective being to promote awareness of profitable</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >growth and the Groupâs long-term goals.</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Where SimCorp provides long-term incentives and benefits, costs are accrued to</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >match the rendering of services by the employees.</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >After the takeover by Deutsche Börse Group and subsequent delisting of SimCorp,</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >the share-based program compromised of equity-settled restricted stock units</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >(RSUs) have been reclassified from equity settled to cash settled. During the</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >financial year costs related to the Share-based program of EUR 1.7 million</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >(Executive Board) and EUR 0.2 million (Board of Directors) have been recognized in</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >the income statement. As of 31 December 2023, Executive Board holds 100,289</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >RSUâs with a remaining vesting period of 48 months.</td></tr><tr><td colspan="3"></td></tr></table></fsa:DisclosureOfEmployeeBenefitsExpense>
<fsa:DisclosureOfIncomeIncludingDividendIncomeFromInvestmentsInGroupEnterprisesAndAssociates 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="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Income from investments in subsidiaries</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >EUR thousand</td><td width="15%" align="right" valign="middle" ><b>2023</b></td><td width="11%" align="right" valign="middle" ><b>2022</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Dividends from subsidiaries</td><td width="15%" align="right" valign="middle" > 26.628 </td><td width="11%" align="right" valign="middle" > 31.487 </td></tr><tr><td width="74%" ></td><td width="15%" align="right" valign="middle" ><b> 26.628 </b></td><td width="11%" align="right" valign="middle" ><b> 31.487 </b></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 colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Income from investments in associates</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >EUR thousand</td><td width="15%" align="right" valign="middle" ><b>2023</b></td><td width="11%" align="right" valign="middle" ><b>2022</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Dividends from associates</td><td width="15%" align="right" valign="middle" > 62 </td><td width="11%" align="right" valign="middle" > 68 </td></tr><tr><td width="74%" ></td><td width="15%" align="right" valign="middle" ><b> 62 </b></td><td width="11%" align="right" valign="middle" ><b> 68 </b></td></tr></table></fsa:DisclosureOfIncomeIncludingDividendIncomeFromInvestmentsInGroupEnterprisesAndAssociates>
<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 colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Financial income</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >EUR thousand</td><td width="15%" align="right" valign="middle" ><b>2023</b></td><td width="11%" align="right" valign="middle" ><b>2022</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Interest income, subsidiaries</td><td width="15%" align="right" valign="middle" > 2.762 </td><td width="11%" align="right" valign="middle" > 873 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Foreign exchange gains</td><td width="15%" align="right" valign="middle" > - </td><td width="11%" align="right" valign="middle" > 2.431 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Other financial income</td><td width="15%" align="right" valign="middle" > 574 </td><td width="11%" align="right" valign="middle" > 44 </td></tr><tr><td width="74%" ></td><td width="15%" align="right" valign="middle" ><b> 3.336 </b></td><td width="11%" align="right" valign="middle" ><b> 3.348 </b></td></tr></table></fsa:DisclosureOfOtherFinanceIncome>
<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 colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Financial expenses</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >EUR thousand</td><td width="15%" align="right" valign="middle" ><b>2023</b></td><td width="11%" align="right" valign="middle" ><b>2022</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Interest expenses, subsidiaries</td><td width="15%" align="right" valign="middle" > 1.344 </td><td width="11%" align="right" valign="middle" > 175 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Foreign exchange loss</td><td width="15%" align="right" valign="middle" > 938 </td><td width="11%" align="right" valign="middle" > - </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Other financial expenses</td><td width="15%" align="right" valign="middle" > 897 </td><td width="11%" align="right" valign="middle" > 636 </td></tr><tr><td width="74%" ></td><td width="15%" align="right" valign="middle" ><b> 3.179 </b></td><td width="11%" align="right" valign="middle" ><b> 811 </b></td></tr></table></fsa:DisclosureOfOtherFinanceExpenses>
<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 colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Tax on the profit for the year</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >EUR thousand</td><td width="15%" align="right" valign="middle" ><b>2023</b></td><td width="11%" align="right" valign="middle" ><b>2022</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Current tax for the year</td><td width="15%" align="right" valign="middle" >- 1.219 </td><td width="11%" align="right" valign="middle" > 4.515 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Deferred tax for the year</td><td width="15%" align="right" valign="middle" > 13.055 </td><td width="11%" align="right" valign="middle" > 11.793 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Prior-year adjustments, deferred tax</td><td width="15%" align="right" valign="middle" >- 1.925 </td><td width="11%" align="right" valign="middle" > 993 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Prior-year adjustments, current tax</td><td width="15%" align="right" valign="middle" > 1.880 </td><td width="11%" align="right" valign="middle" >- 1.215 </td></tr><tr><td width="74%" ></td><td width="15%" align="right" valign="middle" ><b> 11.791 </b></td><td width="11%" align="right" valign="middle" ><b> 16.086 </b></td></tr></table></fsa:DisclosureOfTaxExpenses>
<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>Proposed distribution of net profit</td></tr><tr><td /><td>EUR thousand</td><td>2023</td><td>2022</td></tr></table></fsa:DisclosureOfTheManagementsProposedDistributionOfProfitLoss>
<fsa:TransferredToFromRetainedEarnings contextRef="ctx1" unitRef="vEUR" decimals="-3">62562000</fsa:TransferredToFromRetainedEarnings>
<fsa:DisclosureOfIntangibleAssets 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="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" ><b>Intangible assets</b></td></tr><tr><td colspan="5"></td></tr><tr><td width="61%" ></td><td width="12%" colspan="1" align="right" valign="middle" >Development</td><td width="8%" colspan="1" align="right" valign="middle" ></td><td width="8%" colspan="1" align="right" valign="middle" >Capitalised</td><td width="11%" colspan="1" align="right" valign="middle" ></td></tr><tr><td width="61%" ></td><td width="12%" colspan="1" align="right" valign="middle" >projects in</td><td width="8%" colspan="1" align="right" valign="middle" ></td><td width="8%" colspan="1" align="right" valign="middle" >sales</td><td width="11%" colspan="1" align="right" valign="middle" ></td></tr><tr><td width="61%" align="left" valign="middle" ><b>2023</b></td><td width="12%" colspan="1" align="right" valign="middle" >progess</td><td width="8%" colspan="1" align="right" valign="middle" >Software</td><td width="8%" colspan="1" align="right" valign="middle" >commision</td><td width="11%" colspan="1" align="right" valign="middle" >Total</td></tr><tr><td width="61%" colspan="1" align="left" valign="middle" >Cost at January 1</td><td width="12%" align="right" valign="middle" > - </td><td width="8%" align="right" valign="middle" > 8.063 </td><td width="8%" align="right" valign="middle" > - </td><td width="11%" align="right" valign="middle" > 8.053 </td></tr><tr><td width="61%" colspan="1" align="left" valign="middle" >Additions during the year</td><td width="12%" align="right" valign="middle" > 12.281 </td><td width="8%" align="right" valign="middle" > - </td><td width="8%" align="right" valign="middle" > 222 </td><td width="11%" align="right" valign="middle" > 12.503 </td></tr><tr><td width="61%" colspan="1" align="left" valign="middle" ><b>Cost at December 31</b></td><td width="12%" align="right" valign="middle" ><b> 12.281 </b></td><td width="8%" align="right" valign="middle" ><b> 8.063 </b></td><td width="8%" align="right" valign="middle" ><b> 222 </b></td><td width="11%" align="right" valign="middle" ><b> 20.556 </b></td></tr><tr><td colspan="5"></td></tr><tr><td width="61%" colspan="1" align="left" valign="middle" >Impairment losses and amortisation at January 1</td><td width="12%" align="right" valign="middle" > - </td><td width="8%" align="right" valign="middle" > 8.051 </td><td width="8%" align="right" valign="middle" > - </td><td width="11%" align="right" valign="middle" > 8.051 </td></tr><tr><td width="61%" colspan="1" align="left" valign="middle" >Amortization for the year</td><td width="12%" align="right" valign="middle" > - </td><td width="8%" align="right" valign="middle" > 2 </td><td width="8%" align="right" valign="middle" > - </td><td width="11%" align="right" valign="middle" > 2 </td></tr><tr><td width="61%" colspan="1" align="left" valign="middle" ><b>Impairment losses and amortisation at December 31</b></td><td width="12%" align="right" valign="middle" ><b> - </b></td><td width="8%" align="right" valign="middle" ><b> 8.053 </b></td><td width="8%" align="right" valign="middle" ><b> - </b></td><td width="11%" align="right" valign="middle" ><b> 8.053 </b></td></tr><tr><td colspan="5"></td></tr><tr><td width="61%" colspan="1" align="left" valign="middle" ><b>Carrying amount at December 31</b></td><td width="12%" align="right" valign="middle" ><b> 12.281 </b></td><td width="8%" align="right" valign="middle" ><b> - </b></td><td width="8%" align="right" valign="middle" ><b> 222 </b></td><td width="11%" align="right" valign="middle" ><b> 12.503 </b></td></tr><tr><td colspan="5"></td></tr><tr><td width="73%" colspan="2" align="left" valign="middle" ><b>Amortization periode</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>5 years</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>up to 7 years</b></td><td width="11%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td colspan="5"></td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >Development projects comprise development of new functionalities on existing products. The new functionalities will improve</td></tr><tr><td width="100%" colspan="5" align="left" valign="middle" >processes and are expected to be sold to current clients.</td></tr><tr><td colspan="5"></td></tr></table></fsa:DisclosureOfIntangibleAssets>
<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 colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="6" align="left" valign="middle" ><b>Property, plant and equipment</b></td></tr><tr><td width="56%" ></td><td width="11%" ></td><td width="8%" ></td><td width="8%" colspan="1" align="right" valign="middle" ><b>Other fixture</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b></b></td><td width="9%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="56%" ></td><td width="11%" ></td><td width="8%" ></td><td width="8%" colspan="1" align="right" valign="middle" ><b>and fittings,</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>Leasehold</b></td><td width="9%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="56%" ></td><td width="11%" colspan="1" align="right" valign="middle" ><b>Land and</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>Plant and</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>tools and</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>improveme</b></td><td width="9%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="56%" align="left" valign="middle" ><b>2023</b></td><td width="11%" colspan="1" align="right" valign="middle" ><b>buildings</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>machinery</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>equipment</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>nts</b></td><td width="9%" colspan="1" align="right" valign="middle" ><b>Total</b></td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >Cost at January 1</td><td width="11%" align="right" valign="middle" > 30.476 </td><td width="8%" align="right" valign="middle" > 6.425 </td><td width="8%" align="right" valign="middle" > 3.229 </td><td width="8%" align="right" valign="middle" > 2.570 </td><td width="9%" align="right" valign="middle" > 42.700 </td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >Additions during the year</td><td width="11%" align="right" valign="middle" > 1.790 </td><td width="8%" align="right" valign="middle" > 577 </td><td width="8%" align="right" valign="middle" > 105 </td><td width="8%" align="right" valign="middle" > - </td><td width="9%" align="right" valign="middle" > 2.472 </td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >Disposal during the year</td><td width="11%" align="right" valign="middle" > - </td><td width="8%" align="right" valign="middle" >- 64 </td><td width="8%" align="right" valign="middle" >- 216 </td><td width="8%" align="right" valign="middle" > - </td><td width="9%" align="right" valign="middle" >- 280 </td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" ><b>Cost at December 31</b></td><td width="11%" align="right" valign="middle" > 32.266 </td><td width="8%" align="right" valign="middle" > 6.938 </td><td width="8%" align="right" valign="middle" > 3.118 </td><td width="8%" align="right" valign="middle" > 2.570 </td><td width="9%" align="right" valign="middle" > 44.892 </td></tr><tr><td colspan="6"></td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >Impairment losses and amortisation at January 1</td><td width="11%" align="right" valign="middle" > 11.508 </td><td width="8%" align="right" valign="middle" > 6.051 </td><td width="8%" align="right" valign="middle" > 2.277 </td><td width="8%" align="right" valign="middle" > 2.200 </td><td width="9%" align="right" valign="middle" > 22.036 </td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >Depreciation for the year</td><td width="11%" align="right" valign="middle" > 3.435 </td><td width="8%" align="right" valign="middle" > 233 </td><td width="8%" align="right" valign="middle" > 465 </td><td width="8%" align="right" valign="middle" > 58 </td><td width="9%" align="right" valign="middle" > 4.191 </td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >Reversal of impairment and depreciation of sold assets</td><td width="11%" align="right" valign="middle" > - </td><td width="8%" align="right" valign="middle" >- 58 </td><td width="8%" align="right" valign="middle" >- 190 </td><td width="8%" align="right" valign="middle" > - </td><td width="9%" align="right" valign="middle" >- 248 </td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" ><b>Impairment losses and amortisation at December 31</b></td><td width="11%" align="right" valign="middle" > 14.943 </td><td width="8%" align="right" valign="middle" > 6.226 </td><td width="8%" align="right" valign="middle" > 2.552 </td><td width="8%" align="right" valign="middle" > 2.258 </td><td width="9%" align="right" valign="middle" > 25.979 </td></tr><tr><td colspan="6"></td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" ><b>Carrying amount at December 31</b></td><td width="11%" align="right" valign="middle" ><b> 17.323 </b></td><td width="8%" align="right" valign="middle" ><b> 712 </b></td><td width="8%" align="right" valign="middle" ><b> 566 </b></td><td width="8%" align="right" valign="middle" ><b> 312 </b></td><td width="9%" align="right" valign="middle" ><b> 18.913 </b></td></tr><tr><td colspan="6"></td></tr><tr><td width="56%" ></td><td width="11%" colspan="1" align="right" valign="middle" ><b>up to 10</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b></b></td><td width="8%" colspan="1" align="right" valign="middle" ><b></b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>up to 10</b></td><td width="9%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" ><b>Depreciation period</b></td><td width="11%" colspan="1" align="right" valign="middle" ><b>years</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>up to 3 years</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>up to 5 years</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>years</b></td><td width="9%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td colspan="6"></td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" ><b>Including Right-of-use</b></td><td width="11%" align="right" valign="middle" ><b> 17.323 </b></td><td width="8%" align="right" valign="middle" ><b> 21 </b></td><td width="8%" align="right" valign="middle" ><b> 165 </b></td><td width="8%" align="right" valign="middle" ><b> - </b></td><td width="9%" ></td></tr><tr><td colspan="6"></td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" ><b>Interest expenses recognised as part of cost</b></td><td width="11%" align="right" valign="middle" ><b> 198 </b></td><td width="8%" align="right" valign="middle" ><b> - </b></td><td width="8%" align="right" valign="middle" ><b> 3 </b></td><td width="8%" align="right" valign="middle" ><b> - </b></td><td width="9%" ></td></tr><tr><td colspan="6"></td></tr></table></fsa:DisclosureOfPropertyPlantAndEquipment>
<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 colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="7" align="left" valign="middle" ><b>Other non-current assets</b></td></tr><tr><td colspan="7"></td></tr><tr><td width="51%" ></td><td width="10%" colspan="1" align="right" valign="middle" ><b>Investment</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>Investments</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b></b></td><td width="7%" colspan="1" align="right" valign="middle" ><b></b></td><td width="7%" colspan="1" align="right" valign="middle" ><b></b></td><td width="11%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="51%" align="left" valign="middle" ><b>2023</b></td><td width="10%" colspan="1" align="right" valign="middle" ><b>in</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>in</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>Other</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b></b></td><td width="7%" colspan="1" align="right" valign="middle" ><b></b></td><td width="11%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="51%" ></td><td width="10%" colspan="1" align="right" valign="middle" ><b>subsidiaries</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>associates</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>investments**</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>Deposits</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>Total</b></td><td width="11%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Cost at January 1</td><td width="10%" align="right" valign="middle" > 137.967 </td><td width="7%" align="right" valign="middle" > 141 </td><td width="7%" align="right" valign="middle" > 4.843 </td><td width="7%" align="right" valign="middle" > 1.483 </td><td width="7%" align="right" valign="middle" > 144.434 </td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Exchange rate adjustment</td><td width="10%" align="right" valign="middle" >- 304 </td><td width="7%" align="right" valign="middle" > - </td><td width="7%" align="right" valign="middle" >- 11 </td><td width="7%" align="right" valign="middle" >- 3 </td><td width="7%" align="right" valign="middle" >- 318 </td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Additional during the year*</td><td width="10%" align="right" valign="middle" > 510.900 </td><td width="7%" align="right" valign="middle" > 9.537 </td><td width="7%" align="right" valign="middle" > 3 </td><td width="7%" align="right" valign="middle" > 168 </td><td width="7%" align="right" valign="middle" > 520.608 </td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Disposal for the year</td><td width="10%" align="right" valign="middle" > - </td><td width="7%" align="right" valign="middle" > - </td><td width="7%" align="right" valign="middle" > - </td><td width="7%" align="right" valign="middle" > - </td><td width="7%" align="right" valign="middle" > - </td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Cost at December 31</td><td width="10%" align="right" valign="middle" > 648.563 </td><td width="7%" align="right" valign="middle" > 9.678 </td><td width="7%" align="right" valign="middle" > 4.835 </td><td width="7%" align="right" valign="middle" > 1.648 </td><td width="7%" align="right" valign="middle" > 664.724 </td><td width="11%" ></td></tr><tr><td colspan="7"></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" ><b>Carrying amount at December 31</b></td><td width="10%" align="right" valign="middle" ><b> 648.563 </b></td><td width="7%" align="right" valign="middle" ><b> 9.678 </b></td><td width="7%" align="right" valign="middle" ><b> 4.835 </b></td><td width="7%" align="right" valign="middle" ><b> 1.648 </b></td><td width="7%" align="right" valign="middle" ><b> 664.724 </b></td><td width="11%" ></td></tr><tr><td colspan="7"></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Dividends received</td><td width="10%" align="right" valign="middle" > 26.628 </td><td width="7%" align="right" valign="middle" > 62 </td><td width="7%" ></td><td width="7%" ></td><td width="7%" align="right" valign="middle" > 26.690 </td><td width="11%" ></td></tr><tr><td colspan="7"></td></tr><tr><td width="100%" colspan="7" align="left" valign="middle" ><b>Additions during the year*</b></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Acquisition of Axioma</td><td width="10%" align="right" valign="middle" > 510.900 </td><td width="7%" ></td><td width="7%" ></td><td width="7%" ></td><td width="7%" ></td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Investment in Artega</td><td width="10%" align="right" valign="middle" > 9.537 </td><td width="7%" ></td><td width="7%" ></td><td width="7%" ></td><td width="7%" ></td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Domos FS Limited</td><td width="10%" align="right" valign="middle" > 3 </td><td width="7%" ></td><td width="7%" ></td><td width="7%" ></td><td width="7%" ></td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Adjustment deposit premises</td><td width="10%" align="right" valign="middle" > 168 </td><td width="7%" ></td><td width="7%" ></td><td width="7%" ></td><td width="7%" ></td><td width="11%" ></td></tr><tr><td colspan="7"></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" ><b>Other investments**</b></td><td width="10%" align="right" valign="middle" ><b>2023</b></td><td width="7%" align="right" valign="middle" ><b>2022</b></td><td width="7%" ></td><td width="7%" ></td><td width="7%" ></td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Alkymi Inc</td><td width="10%" align="right" valign="middle" > 523 </td><td width="7%" align="right" valign="middle" > 524 </td><td width="7%" ></td><td width="7%" ></td><td width="7%" ></td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Domos FS Limited</td><td width="10%" align="right" valign="middle" > 4.312 </td><td width="7%" align="right" valign="middle" > 4.319 </td><td width="7%" ></td><td width="7%" ></td><td width="7%" ></td><td width="11%" ></td></tr><tr><td width="51%" ></td><td width="10%" align="right" valign="middle" ><b> 4.835 </b></td><td width="7%" align="right" valign="middle" ><b> 4.843 </b></td><td width="7%" ></td><td width="7%" ></td><td width="7%" ></td><td width="11%" ></td></tr><tr><td colspan="7"></td></tr><tr><td width="51%" ></td><td width="10%" colspan="1" align="right" valign="middle" ><b>Investment</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>Investments</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b></b></td><td width="7%" colspan="1" align="right" valign="middle" ><b></b></td><td width="7%" colspan="1" align="right" valign="middle" ><b></b></td><td width="11%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="51%" align="left" valign="middle" ><b>2022</b></td><td width="10%" colspan="1" align="right" valign="middle" ><b>in</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>in</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>Other</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b></b></td><td width="7%" colspan="1" align="right" valign="middle" ><b></b></td><td width="11%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="51%" ></td><td width="10%" colspan="1" align="right" valign="middle" ><b>subsidiaries</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>associates</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>investments</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>Deposits</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>Total</b></td><td width="11%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Cost at January</td><td width="10%" align="right" valign="middle" > 137.874 </td><td width="7%" align="right" valign="middle" > 138 </td><td width="7%" align="right" valign="middle" > 4.843 </td><td width="7%" align="right" valign="middle" > 1.442 </td><td width="7%" align="right" valign="middle" > 144.297 </td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Exchange rate adjustment</td><td width="10%" align="right" valign="middle" > - </td><td width="7%" align="right" valign="middle" > - </td><td width="7%" align="right" valign="middle" > - </td><td width="7%" align="right" valign="middle" > - </td><td width="7%" align="right" valign="middle" > - </td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Additional during the year</td><td width="10%" align="right" valign="middle" > 93 </td><td width="7%" align="right" valign="middle" > - </td><td width="7%" align="right" valign="middle" > - </td><td width="7%" align="right" valign="middle" > 47 </td><td width="7%" align="right" valign="middle" > 140 </td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Disposal for the year</td><td width="10%" align="right" valign="middle" > - </td><td width="7%" align="right" valign="middle" > 3 </td><td width="7%" align="right" valign="middle" > - </td><td width="7%" align="right" valign="middle" >- 6 </td><td width="7%" align="right" valign="middle" >- 3 </td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" ><b>Cost at December 31</b></td><td width="10%" align="right" valign="middle" > 137.967 </td><td width="7%" align="right" valign="middle" > 141 </td><td width="7%" align="right" valign="middle" > 4.843 </td><td width="7%" align="right" valign="middle" > 1.483 </td><td width="7%" align="right" valign="middle" > 144.434 </td><td width="11%" ></td></tr><tr><td colspan="7"></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" ><b>Carrying amount at December 31</b></td><td width="10%" align="right" valign="middle" ><b> 137.967 </b></td><td width="7%" align="right" valign="middle" ><b> 141 </b></td><td width="7%" align="right" valign="middle" ><b> 4.843 </b></td><td width="7%" align="right" valign="middle" ><b> 1.483 </b></td><td width="7%" align="right" valign="middle" ><b> 144.434 </b></td><td width="11%" ></td></tr><tr><td colspan="7"></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Dividends received</td><td width="10%" align="right" valign="middle" > 31.487 </td><td width="7%" align="right" valign="middle" > 68 </td><td width="7%" ></td><td width="7%" ></td><td width="7%" align="right" valign="middle" > 31.555 </td><td width="11%" ></td></tr><tr><td colspan="7"></td></tr><tr><td width="100%" colspan="7" align="left" valign="middle" ><b>Local currency, thousand</b></td></tr><tr><td width="100%" colspan="7" align="left" valign="middle" ><b>Investments in Subsidiaries are specified as follows</b></td></tr><tr><td colspan="7"></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" ><b>Name</b></td><td width="10%" colspan="1" align="right" valign="middle" ><b>Registered office</b></td><td width="7%" colspan="1" align="center" valign="middle" ><b>Share capital</b></td><td width="7%" colspan="1" align="center" valign="middle" ><b></b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>Ownership</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>Equity 2022</b></td><td width="11%" colspan="1" align="right" valign="middle" ><b>Net result 2022</b></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp sp z.o.o.</td><td width="10%" colspan="1" align="right" valign="middle" >Warsaw, Poland</td><td width="7%" colspan="1" align="right" valign="middle" >PLN</td><td width="7%" align="right" valign="middle" >5 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >5.034 </td><td width="11%" align="right" valign="middle" >2.879 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Japan KK</td><td width="10%" colspan="1" align="right" valign="middle" >Tokyo, Japan</td><td width="7%" colspan="1" align="right" valign="middle" >JPY</td><td width="7%" align="right" valign="middle" >0 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >-39.646 </td><td width="11%" align="right" valign="middle" >-21.898 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp France S.A.S</td><td width="10%" colspan="1" align="right" valign="middle" >Paris, France</td><td width="7%" colspan="1" align="right" valign="middle" >EUR</td><td width="7%" align="right" valign="middle" >500 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >5.537 </td><td width="11%" align="right" valign="middle" >1.358 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Schweiz AG</td><td width="10%" colspan="1" align="right" valign="middle" >Zurich, Switzerland</td><td width="7%" colspan="1" align="right" valign="middle" >CHF</td><td width="7%" align="right" valign="middle" >100 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >6.476 </td><td width="11%" align="right" valign="middle" >5.453 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Norge AS</td><td width="10%" colspan="1" align="right" valign="middle" >Oslo, Norway</td><td width="7%" colspan="1" align="right" valign="middle" >NOK</td><td width="7%" align="right" valign="middle" >1.000 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >6.092 </td><td width="11%" align="right" valign="middle" >9.254 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Iberia S.L. (Spain)</td><td width="10%" colspan="1" align="right" valign="middle" >Barcelona, Spain</td><td width="7%" colspan="1" align="right" valign="middle" >WUR</td><td width="7%" align="right" valign="middle" >3 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >853 </td><td width="11%" align="right" valign="middle" >-333 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Ukraine LLC</td><td width="10%" colspan="1" align="right" valign="middle" >Kiev, Ukraine</td><td width="7%" colspan="1" align="right" valign="middle" >UAH</td><td width="7%" align="right" valign="middle" >2.968 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >44.604 </td><td width="11%" align="right" valign="middle" >23.177 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Ãsterreich GmbH</td><td width="10%" colspan="1" align="right" valign="middle" >Vienna, Austria</td><td width="7%" colspan="1" align="right" valign="middle" >EUR</td><td width="7%" align="right" valign="middle" >18 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >619 </td><td width="11%" align="right" valign="middle" >456 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Luxembourg S.a.r.l</td><td width="10%" colspan="1" align="right" valign="middle" >Luxemburg, Luxemburg</td><td width="7%" colspan="1" align="right" valign="middle" >EUR</td><td width="7%" align="right" valign="middle" >31 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >33.425 </td><td width="11%" align="right" valign="middle" >-471 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Gain Switzerland GmbH</td><td width="10%" colspan="1" align="right" valign="middle" >Zurich, Switzerland</td><td width="7%" colspan="1" align="right" valign="middle" >CHF</td><td width="7%" align="right" valign="middle" >100 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >1.627 </td><td width="11%" align="right" valign="middle" >54 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Gain Austria GmbH</td><td width="10%" colspan="1" align="right" valign="middle" >Vienna, Austria</td><td width="7%" colspan="1" align="right" valign="middle" >EUR</td><td width="7%" align="right" valign="middle" >35 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >8.233 </td><td width="11%" align="right" valign="middle" >1.274 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Ltd. (UK)</td><td width="10%" colspan="1" align="right" valign="middle" >London, United Kingdom</td><td width="7%" colspan="1" align="right" valign="middle" >GBP</td><td width="7%" align="right" valign="middle" >100 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >5.327 </td><td width="11%" align="right" valign="middle" >4.018 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Canada Inc.</td><td width="10%" colspan="1" align="right" valign="middle" >Toronto, Canada</td><td width="7%" colspan="1" align="right" valign="middle" >CAD</td><td width="7%" align="right" valign="middle" >8.500 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >7.795 </td><td width="11%" align="right" valign="middle" >892 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp BmgH (Germany)</td><td width="10%" colspan="1" align="right" valign="middle" >Bad Homburg, Germany</td><td width="7%" colspan="1" align="right" valign="middle" >EUR</td><td width="7%" align="right" valign="middle" >102 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >6.140 </td><td width="11%" align="right" valign="middle" >5.645 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Hong Kong Ltd.</td><td width="10%" colspan="1" align="right" valign="middle" >Hong Kong, China</td><td width="7%" colspan="1" align="right" valign="middle" >HKD</td><td width="7%" align="right" valign="middle" >14.000 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >13.401 </td><td width="11%" align="right" valign="middle" >607 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Italiana S.r.l</td><td width="10%" colspan="1" align="right" valign="middle" >Milan, Italy</td><td width="7%" colspan="1" align="right" valign="middle" >EUR</td><td width="7%" align="right" valign="middle" >2.100 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >11.373 </td><td width="11%" align="right" valign="middle" >8.172 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Philippines Inc.</td><td width="10%" colspan="1" align="right" valign="middle" >Manila, Philippines</td><td width="7%" colspan="1" align="right" valign="middle" >PHP</td><td width="7%" align="right" valign="middle" >5.420 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >-1.993 </td><td width="11%" align="right" valign="middle" >-6.993 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Advanced for Information Technology*</td><td width="10%" colspan="1" align="right" valign="middle" >Riyadh, Saudi Arabia</td><td width="7%" colspan="1" align="right" valign="middle" >SAR</td><td width="7%" align="right" valign="middle" >38 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" ></td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Singapore Pte. Ltd.</td><td width="10%" colspan="1" align="right" valign="middle" >Singapore, Singapore</td><td width="7%" colspan="1" align="right" valign="middle" >SGD</td><td width="7%" align="right" valign="middle" >0 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >1.790 </td><td width="11%" align="right" valign="middle" >1.394 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp USA Inc.</td><td width="10%" colspan="1" align="right" valign="middle" >New York, USA</td><td width="7%" colspan="1" align="right" valign="middle" >USD</td><td width="7%" align="right" valign="middle" >7.010 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >211.194 </td><td width="11%" align="right" valign="middle" >2.832 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Sverige AB</td><td width="10%" colspan="1" align="right" valign="middle" >Stockholm, Sweden</td><td width="7%" colspan="1" align="right" valign="middle" >SEK</td><td width="7%" align="right" valign="middle" >100 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >23.497 </td><td width="11%" align="right" valign="middle" >13.071 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp India LLP</td><td width="10%" colspan="1" align="right" valign="middle" >Noida, India</td><td width="7%" colspan="1" align="right" valign="middle" >INR</td><td width="7%" align="right" valign="middle" >100 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >9.854 </td><td width="11%" align="right" valign="middle" >12.442 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Coric Ltd. (UK)</td><td width="10%" colspan="1" align="right" valign="middle" >London, United Kingdom</td><td width="7%" colspan="1" align="right" valign="middle" >GBP</td><td width="7%" align="right" valign="middle" >721 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >4.864 </td><td width="11%" align="right" valign="middle" >3.463 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Coric Inc.</td><td width="10%" colspan="1" align="right" valign="middle" >Boston, USA</td><td width="7%" colspan="1" align="right" valign="middle" >USD</td><td width="7%" align="right" valign="middle" >2 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >2.030 </td><td width="11%" align="right" valign="middle" >91 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Asia Pty. Ltd.</td><td width="10%" colspan="1" align="right" valign="middle" >Sydney, Australia</td><td width="7%" colspan="1" align="right" valign="middle" >AUR</td><td width="7%" align="right" valign="middle" >1.000 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >4.393 </td><td width="11%" align="right" valign="middle" >1.635 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SimCorp Benelux SA/NV</td><td width="10%" colspan="1" align="right" valign="middle" >Brussels, Belgium</td><td width="7%" colspan="1" align="right" valign="middle" >EUR</td><td width="7%" align="right" valign="middle" >62 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >102 </td><td width="11%" align="right" valign="middle" >2.154 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >SCIM SDN. BHD.**</td><td width="10%" colspan="1" align="right" valign="middle" >Malaysia</td><td width="7%" colspan="1" align="right" valign="middle" ></td><td width="7%" colspan="1" align="right" valign="middle" ></td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" ></td><td width="11%" ></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Axioma Inc.</td><td width="10%" colspan="1" align="right" valign="middle" >New York, United States</td><td width="7%" colspan="1" align="right" valign="middle" >USD</td><td width="7%" align="right" valign="middle" >109.255 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >12.129 </td><td width="11%" align="right" valign="middle" >-9.549 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Axioma Ltd.</td><td width="10%" colspan="1" align="right" valign="middle" >Sydney, Australia</td><td width="7%" colspan="1" align="right" valign="middle" >AUD</td><td width="7%" align="right" valign="middle" >0 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >-1.549 </td><td width="11%" align="right" valign="middle" >-71 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Axioma Argentina S.A.UI</td><td width="10%" colspan="1" align="right" valign="middle" >Buenos Aires, Argentina</td><td width="7%" colspan="1" align="right" valign="middle" >ARS</td><td width="7%" align="right" valign="middle" >100 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >107.018 </td><td width="11%" align="right" valign="middle" >89.100 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Axioma Asia Pte, Ltd.</td><td width="10%" colspan="1" align="right" valign="middle" >Singapore, Singapore</td><td width="7%" colspan="1" align="right" valign="middle" >SGD</td><td width="7%" align="right" valign="middle" >50 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >3.244 </td><td width="11%" align="right" valign="middle" >310 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Axioma S.A.S.U.</td><td width="10%" colspan="1" align="right" valign="middle" >Paris, France</td><td width="7%" colspan="1" align="right" valign="middle" >EUR</td><td width="7%" align="right" valign="middle" >20 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >445 </td><td width="11%" align="right" valign="middle" >106 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Axioma (HK) Ltd.</td><td width="10%" colspan="1" align="right" valign="middle" >Honh Kong, Hong Kong</td><td width="7%" colspan="1" align="right" valign="middle" >HKD</td><td width="7%" align="right" valign="middle" >0 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >7.943 </td><td width="11%" align="right" valign="middle" >2.111 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Axioma (CH) Gmbh</td><td width="10%" colspan="1" align="right" valign="middle" >Geneva, Switzerland</td><td width="7%" colspan="1" align="right" valign="middle" >CHF</td><td width="7%" align="right" valign="middle" >20 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >475 </td><td width="11%" align="right" valign="middle" >57 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Axioma Deutschland GmbH</td><td width="10%" colspan="1" align="right" valign="middle" >Frankfurt/Main, Germany</td><td width="7%" colspan="1" align="right" valign="middle" >EUR</td><td width="7%" align="right" valign="middle" >25 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >155 </td><td width="11%" align="right" valign="middle" >38 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Axioma Japan G.K.</td><td width="10%" colspan="1" align="right" valign="middle" >Tokyo, Japan</td><td width="7%" colspan="1" align="right" valign="middle" >JPY</td><td width="7%" align="right" valign="middle" >10.000 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >9.227 </td><td width="11%" align="right" valign="middle" >858 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Axioma (UK) Ltd.</td><td width="10%" colspan="1" align="right" valign="middle" >London, United Kingdom</td><td width="7%" colspan="1" align="right" valign="middle" >GBP</td><td width="7%" align="right" valign="middle" >11 </td><td width="7%" align="right" valign="middle" >100%</td><td width="7%" align="right" valign="middle" >2.899 </td><td width="11%" align="right" valign="middle" >787 </td></tr><tr><td colspan="7"></td></tr><tr><td width="100%" colspan="7" align="left" valign="middle" ><b>As Annual Report 2023 for subsidiaries are not finalized, equity and net results are presented in 2022 figures.</b></td></tr><tr><td width="100%" colspan="7" align="left" valign="middle" >*No accounts prepared for 2022. Entity was registered in November 2022</td></tr><tr><td width="100%" colspan="7" align="left" valign="middle" >**No accounts prepared for 2023. Entity was registered in 2023</td></tr><tr><td colspan="7"></td></tr><tr><td width="100%" colspan="7" align="left" valign="middle" ><b>Investments in associates are specified as follows</b></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" ><b>Name</b></td><td width="10%" colspan="1" align="right" valign="middle" ><b>Registered office</b></td><td width="7%" colspan="1" align="center" valign="middle" ><b>Share capital</b></td><td width="7%" colspan="1" align="center" valign="middle" ><b></b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>Ownership</b></td><td width="7%" colspan="1" align="right" valign="middle" ><b>Equity</b></td><td width="11%" colspan="1" align="right" valign="middle" ><b>Net result</b></td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Dyalog Ltd</td><td width="10%" colspan="1" align="right" valign="middle" >Newport pagnell, UK</td><td width="7%" colspan="1" align="right" valign="middle" >GBP</td><td width="7%" align="right" valign="middle" >68</td><td width="7%" align="right" valign="middle" >24,78%</td><td width="7%" align="right" valign="middle" > 2.230 </td><td width="11%" align="right" valign="middle" > 398 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Opus Nebula Ltd</td><td width="10%" colspan="1" align="right" valign="middle" >Berkhamsted, UK</td><td width="7%" colspan="1" align="right" valign="middle" >GBP</td><td width="7%" align="right" valign="middle" >10</td><td width="7%" align="right" valign="middle" >24,99%</td><td width="7%" align="right" valign="middle" > 470 </td><td width="11%" align="right" valign="middle" > 173 </td></tr><tr><td width="51%" colspan="1" align="left" valign="middle" >Artega Investment Administreation</td><td width="10%" colspan="1" align="right" valign="middle" >Sydney, Australia</td><td width="7%" colspan="1" align="right" valign="middle" >AUD</td><td width="7%" align="right" valign="middle" >9000</td><td width="7%" align="right" valign="middle" >20,00%</td><td width="7%" align="right" valign="middle" > 18.936 </td><td width="11%" align="right" valign="middle" >- 1.236 </td></tr><tr><td colspan="7"></td></tr></table></fsa:DisclosureOfInvestments>
<fsa:DisclosureOfReceivables 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="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="6" align="left" valign="middle" ><b>Contract balances</b></td></tr><tr><td width="75%" colspan="3" align="left" valign="middle" ><b>Changes in contract</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>Invoiced</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b></b></td><td width="9%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="75%" colspan="3" align="left" valign="middle" ><b>assets</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>from</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b></b></td><td width="9%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="56%" ></td><td width="11%" colspan="1" align="right" valign="middle" ><b>Opening</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>Net</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>opening</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b></b></td><td width="9%" colspan="1" align="right" valign="middle" ><b>Closing</b></td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >EUR '000</td><td width="11%" colspan="1" align="right" valign="middle" ><b>balance</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>additions</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>balance</b></td><td width="8%" colspan="1" align="right" valign="middle" >Adjustments1</td><td width="9%" colspan="1" align="right" valign="middle" ><b>balance</b></td></tr><tr><td width="56%" align="left" valign="middle" ><b>2023</b></td><td width="11%" ></td><td width="8%" ></td><td width="8%" ></td><td width="8%" ></td><td width="9%" ></td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >Contract assets (gross)</td><td width="11%" align="right" valign="middle" > 18.294 </td><td width="8%" align="right" valign="middle" > 32.767 </td><td width="8%" align="right" valign="middle" >- 5.527 </td><td width="8%" align="right" valign="middle" >- 112 </td><td width="9%" align="right" valign="middle" > 45.422 </td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >Loss allowance</td><td width="11%" align="right" valign="middle" >- 24 </td><td width="8%" align="right" valign="middle" >- 38 </td><td width="8%" align="right" valign="middle" > - </td><td width="8%" align="right" valign="middle" > - </td><td width="9%" align="right" valign="middle" >- 62 </td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" ><b>Contract assets (NPV)</b></td><td width="11%" align="right" valign="middle" ><b> 18.270 </b></td><td width="8%" align="right" valign="middle" ><b> 32.729 </b></td><td width="8%" align="right" valign="middle" ><b>- 5.527 </b></td><td width="8%" align="right" valign="middle" ><b>- 112 </b></td><td width="9%" align="right" valign="middle" ><b> 45.360 </b></td></tr><tr><td width="56%" align="left" valign="middle" ><b>2022</b></td><td width="11%" ></td><td width="8%" ></td><td width="8%" ></td><td width="8%" ></td><td width="9%" ></td></tr><tr><td colspan="6"></td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >Contract assets (gross)</td><td width="11%" align="right" valign="middle" > 8.116 </td><td width="8%" align="right" valign="middle" > 14.213 </td><td width="8%" align="right" valign="middle" >- 4.194 </td><td width="8%" align="right" valign="middle" > 159 </td><td width="9%" align="right" valign="middle" > 18.294 </td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >Loss allowance</td><td width="11%" align="right" valign="middle" >- 9 </td><td width="8%" align="right" valign="middle" >- 15 </td><td width="8%" align="right" valign="middle" > - </td><td width="8%" align="right" valign="middle" > - </td><td width="9%" align="right" valign="middle" >- 24 </td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" ><b>Contract assets (NPV)</b></td><td width="11%" align="right" valign="middle" ><b> 8.107 </b></td><td width="8%" align="right" valign="middle" ><b> 14.198 </b></td><td width="8%" align="right" valign="middle" ><b>- 4.194 </b></td><td width="8%" align="right" valign="middle" ><b> 159 </b></td><td width="9%" align="right" valign="middle" ><b> 18.270 </b></td></tr><tr><td colspan="6"></td></tr><tr><td width="100%" colspan="6" align="left" valign="middle" >1 Adjustments include: reclassifications, foreign exchange adjustments, cumulative catch-up adjustments</td></tr><tr><td width="100%" colspan="6" align="left" valign="middle" >(including those arising from change in measurement of progress, change in estimate of transaction price and</td></tr><tr><td width="100%" colspan="6" align="left" valign="middle" >contract modifications), change in time frame for a right to consideration to become unconditional or for a</td></tr><tr><td width="100%" colspan="6" align="left" valign="middle" >performance obligation to be satisfied.</td></tr><tr><td colspan="6"></td></tr><tr><td width="75%" colspan="3" align="left" valign="middle" ><b>Changes in contract</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>Revenue</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b></b></td><td width="9%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="75%" colspan="3" align="left" valign="middle" ><b>liabilities</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>recognized</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b></b></td><td width="9%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="56%" ></td><td width="11%" ></td><td width="8%" ></td><td width="8%" colspan="1" align="right" valign="middle" ><b>from</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b></b></td><td width="9%" colspan="1" align="right" valign="middle" ><b></b></td></tr><tr><td width="56%" ></td><td width="11%" colspan="1" align="right" valign="middle" ><b>Opening</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>Net</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>opening</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b></b></td><td width="9%" colspan="1" align="right" valign="middle" ><b>Closing</b></td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >EUR '000</td><td width="11%" colspan="1" align="right" valign="middle" ><b>balance</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>additions</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>balance</b></td><td width="8%" colspan="1" align="right" valign="middle" ><b>Adjustments</b></td><td width="9%" colspan="1" align="right" valign="middle" ><b>balance</b></td></tr><tr><td width="56%" align="left" valign="middle" ><b>2023</b></td><td width="11%" ></td><td width="8%" ></td><td width="8%" ></td><td width="8%" ></td><td width="9%" ></td></tr><tr><td width="100%" colspan="6" align="left" valign="middle" >Contract liabilities</td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >(prepayments from clients)</td><td width="11%" align="right" valign="middle" > 3.232 </td><td width="8%" align="right" valign="middle" > 3.349 </td><td width="8%" align="right" valign="middle" >- 3.261 </td><td width="8%" align="right" valign="middle" >- 769 </td><td width="9%" align="right" valign="middle" > 2.551 </td></tr><tr><td width="56%" align="left" valign="middle" ><b>2022</b></td><td width="11%" ></td><td width="8%" ></td><td width="8%" ></td><td width="8%" ></td><td width="9%" ></td></tr><tr><td width="100%" colspan="6" align="left" valign="middle" >Contract liabilities</td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >(prepayments from clients)</td><td width="11%" align="right" valign="middle" > 2.626 </td><td width="8%" align="right" valign="middle" > 2.087 </td><td width="8%" align="right" valign="middle" >- 1.479 </td><td width="8%" align="right" valign="middle" >- 2 </td><td width="9%" align="right" valign="middle" > 3.232 </td></tr><tr><td colspan="6"></td></tr><tr><td width="100%" colspan="6" align="left" valign="middle" ><b>Remaining performance obligations at</b></td></tr><tr><td width="100%" colspan="6" align="left" valign="middle" ><b>31.12.2023</b></td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >With one year</td><td width="11%" align="right" valign="middle" > 25.876 </td><td width="8%" ></td><td width="8%" ></td><td width="8%" ></td><td width="9%" ></td></tr><tr><td width="56%" colspan="1" align="left" valign="middle" >After one year</td><td width="11%" align="right" valign="middle" > 61.775 </td><td width="8%" ></td><td width="8%" ></td><td width="8%" ></td><td width="9%" ></td></tr><tr><td width="56%" ></td><td width="11%" align="right" valign="middle" ><b> 87.651 </b></td><td width="8%" ></td><td width="8%" ></td><td width="8%" ></td><td width="9%" ></td></tr><tr><td colspan="6"></td></tr></table></fsa:DisclosureOfReceivables>
<fsa:ExplanationOfPrepayments 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="1" align="left" valign="middle" ><b>Prepayments</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Prepayments primarily consist of amounts prepaid to suppliers of services.</td></tr><tr><td colspan="1"></td></tr></table></fsa:ExplanationOfPrepayments>
<fsa:DisclosureOfEquity 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="1" align="left" valign="middle" ><b>Equity</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The share capital consists of 40,500,000 shares of a nominal value of DKK 1.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >No shares carry any special rights.</td></tr><tr><td colspan="1"></td></tr></table></fsa:DisclosureOfEquity>
<fsa:DisclosureOfProvisionsForDeferredTax 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="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Provision for deferred tax</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >EUR thousand</td><td width="15%" align="right" valign="middle" ><b>2023</b></td><td width="11%" align="right" valign="middle" ><b>2022</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Intangible assets</td><td width="15%" align="right" valign="middle" >- 2.750 </td><td width="11%" align="right" valign="middle" > 1 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Property, plant and equipment</td><td width="15%" align="right" valign="middle" >- 3.589 </td><td width="11%" align="right" valign="middle" >- 3.925 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Contract assets</td><td width="15%" align="right" valign="middle" >- 52.791 </td><td width="11%" align="right" valign="middle" >- 40.492 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Lease liabilities</td><td width="15%" align="right" valign="middle" > 3.908 </td><td width="11%" align="right" valign="middle" > 4.289 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Liabilities</td><td width="15%" align="right" valign="middle" > 4.391 </td><td width="11%" align="right" valign="middle" > 1.258 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Provisions</td><td width="15%" align="right" valign="middle" >- 240 </td><td width="11%" align="right" valign="middle" > 480 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Incentive programs</td><td width="15%" align="right" valign="middle" > 3.258 </td><td width="11%" align="right" valign="middle" > 1.626 </td></tr><tr><td width="74%" ></td><td width="15%" align="right" valign="middle" ><b>- 47.813 </b></td><td width="11%" align="right" valign="middle" ><b>- 36.763 </b></td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deferred tax is allocated 22% corresponding to the applicable tax rate.</td></tr><tr><td colspan="3"></td></tr><tr><td width="74%" ></td><td width="15%" align="right" valign="middle" ><b>2023</b></td><td width="11%" align="right" valign="middle" ><b>2022</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Provision for deferred tax January 1</td><td width="15%" align="right" valign="middle" >- 36.763 </td><td width="11%" align="right" valign="middle" >- 23.274 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Deferred tax recognized in the income statement</td><td width="15%" align="right" valign="middle" >- 13.055 </td><td width="11%" align="right" valign="middle" >- 11.793 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Deferred tax recognized in the equity</td><td width="15%" align="right" valign="middle" > - </td><td width="11%" align="right" valign="middle" >- 703 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Foreign exchange adjustments</td><td width="15%" align="right" valign="middle" > 80 </td><td width="11%" align="right" valign="middle" > - </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Prior-year adjustment</td><td width="15%" align="right" valign="middle" > 1.925 </td><td width="11%" align="right" valign="middle" >- 993 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" ><b>Provision for deferred tax at December 31</b></td><td width="15%" align="right" valign="middle" ><b>- 47.813 </b></td><td width="11%" align="right" valign="middle" ><b>- 36.763 </b></td></tr><tr><td colspan="3"></td></tr></table></fsa:DisclosureOfProvisionsForDeferredTax>
<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 colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Other provisions</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >EUR thousand</td><td width="15%" align="right" valign="middle" ><b>2023</b></td><td width="11%" align="right" valign="middle" ><b>2022</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Incentive programs</td><td width="15%" align="right" valign="middle" > 15.617 </td><td width="11%" align="right" valign="middle" > - </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Re-establishment costs for rented premises</td><td width="15%" align="right" valign="middle" > 748 </td><td width="11%" align="right" valign="middle" > 742 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Anniversary bonus</td><td width="15%" align="right" valign="middle" > 1.586 </td><td width="11%" align="right" valign="middle" > 1.603 </td></tr><tr><td width="74%" ></td><td width="15%" align="right" valign="middle" ><b> 17.951 </b></td><td width="11%" align="right" valign="middle" ><b> 2.345 </b></td></tr><tr><td colspan="3"></td></tr></table></fsa:DisclosureOfOtherProvisions>
<fsa:DisclosureOfLiabilitiesUnderLeases 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="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" ><b>Lease liability</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >EUR thousand</td><td width="15%" align="right" valign="middle" ><b>2023</b></td><td width="11%" align="right" valign="middle" ><b>2022</b></td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Payable after 5 years</td><td width="15%" align="right" valign="middle" > 1.087 </td><td width="11%" align="right" valign="middle" > 3.889 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Payable within 1 to 5 years</td><td width="15%" align="right" valign="middle" > 12.978 </td><td width="11%" align="right" valign="middle" > 12.290 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Long-term part</td><td width="15%" align="right" valign="middle" > 14.065 </td><td width="11%" align="right" valign="middle" > 16.179 </td></tr><tr><td width="74%" colspan="1" align="left" valign="middle" >Payable within 1 year</td><td width="15%" align="right" valign="middle" > 3.697 </td><td width="11%" align="right" valign="middle" > 3.319 </td></tr><tr><td width="74%" ></td><td width="15%" align="right" valign="middle" ><b> 17.762 </b></td><td width="11%" align="right" valign="middle" ><b> 19.498 </b></td></tr><tr><td colspan="3"></td></tr></table></fsa:DisclosureOfLiabilitiesUnderLeases>
<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="1" align="left" valign="middle" ><b>Contingent liabilities and other obligations</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >SimCorp A/S has issued guarantees for its subsidiariesâ delivery commitments to</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >clients for a total of EUR 44.0 million (2022: EUR 39.4 million).</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >SimCorp A/S has provided guarantees for credit facilities totaling EUR 6.1 million</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >(2022: EUR 4.8 million) to certain subsidiaries.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Bank guarantees have been provided for rent commitments in Australia and</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Germany totaling EUR 1.0 million.</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >SimCorp A/S has financial commitments with suppliers for EUR 38.0 million</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >(2022: EUR 54.0 million) mainly related to infrastructure services for cloud</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >solutions.</td></tr><tr><td colspan="1"></td></tr></table></fsa:DisclosureOfContingentLiabilities>
<fsa:DisclosureOfRelatedParties 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="1" align="left" valign="middle" ><b>Related parties</b></td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Transaction</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The Company has chosen only to disclose transactions which have not been made</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >on an arm's length basis in accordance with section 98(c)(7) of the Danish Financial</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Statements Act. There are no transactions that are not on arm's length basis.</td></tr><tr><td colspan="1"></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" ><b>Consolidated Financial Statements</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The company is included in the Group Annual Report of the Parent Company</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Name: Deutsche Börse Aktiengesellschaft</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Place of registered office: Mergenthaleralle 61, 65760 Eschborn, Germany</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >The Group Annual Report can be obtained at the following address</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Deutsche Börse Aktiengesellschaft</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Mergenthaleralle 61</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >65760 Eschborn</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >Germany</td></tr><tr><td colspan="1"></td></tr></table></fsa:DisclosureOfRelatedParties>
<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 width="100%" colspan="1" align="left" valign="middle" ><b>Subsequent events</b></td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >No events materially affecting the assessment of the Annual Report occurred after</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >the balance sheet date.</td></tr></table></fsa:DisclosureOfSignificantEventsOccurringAfterEndOfReportingPeriod>
<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 colspan="1">Accounting policies</td></tr><tr><td colspan="1">General</td></tr><tr><td colspan="1">The annual report for SimCorp A/S has been prepared in accordance with the Danish</td></tr><tr><td colspan="1">Financial Statements Act regulations concerning reporting class C enterprises (large</td></tr><tr><td colspan="1">enterprises).</td></tr><tr><td colspan="1">Presentation currency</td></tr><tr><td colspan="1">The financial statements are presented in EUR, rounded to the nearest EUR 1,000.</td></tr><tr><td colspan="1">Deviations may therefore occur between the stated totals and the sum of the underlying</td></tr><tr><td colspan="1">figures.</td></tr><tr><td colspan="1">The functional currency of the company is DKK.</td></tr></table></fsa:DisclosureOfAccountingPolicies>
<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 colspan="1">Changes in accounting policies</td></tr><tr><td colspan="1">The financial statements for 2023 is prepared in accordance with Danish Financial</td></tr><tr><td colspan="1">Statement Act. Prior years financial statements were prepared in accordance with the</td></tr><tr><td colspan="1">International Financial Reporting Standards as adopted by the EU (IFRS).</td></tr><tr><td colspan="1">In connection with the conversion, the company has considered the conversion to</td></tr><tr><td colspan="1">presentation of Financial Statements in accordance with Danish Financial Statement Act and</td></tr><tr><td colspan="1">applied relevant exemption provisions.</td></tr><tr><td colspan="1">Management has adopted the recognition and measurement criteria concerning IFRS 15 -</td></tr><tr><td colspan="1">Revenue from Contracts with Customers and IFRS - 16 Leases.</td></tr><tr><td colspan="1">The conversion from International Financial Reporting Standards as adopted by the EU</td></tr><tr><td colspan="1">(IFRS) to the Danish Financial Statement Act, has not affected recognition and</td></tr><tr><td colspan="1">measurement and has not had an effect on either the year's result for 2022 or 2023 and has</td></tr><tr><td colspan="1">furthermore not affected the equity as of 1 January 2022 and equity at 1 January 2023 or 31</td></tr><tr><td colspan="1">December 2023.</td></tr><tr><td colspan="1">The presentation of the income statement, balance sheet and notes, respectively, has been</td></tr><tr><td colspan="1">changed because of the conversion, present as a consequence of to apply with the schedule</td></tr><tr><td colspan="1">requirement in the Danish Financial Statement Act.</td></tr></table></fsa:DescriptionOfGeneralMattersRelatedToRecognitionMeasurementAndChangesInAccountingPolicies>
<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 colspan="1">Omission of a cash flow statement</td></tr><tr><td colspan="1">Pursuant to section 86 (4) of the Danish Financial Statements Act, no statement of cash</td></tr><tr><td colspan="1">flows for the enterprise has been prepared, as the relevant information is included in the</td></tr><tr><td colspan="1">consolidated financial statement of Deutsche Börse Group.</td></tr></table></fsa:ExplanationOfNotDisclosingCashFlowsStatements>
<fsa:InformationOnOmissionOfConsolidatedFinancialStatement 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">Omission of a consolidated financial statements</td></tr><tr><td colspan="1">Pursuant to section 112(1) of the Danish Financial Statements Act, no consolidated financial</td></tr><tr><td colspan="1">statements have been prepared. The financial statements of Simcorp A/S and group entities</td></tr><tr><td colspan="1">are included in the consolidated financial statements of Deutsche Börse Group.</td></tr></table></fsa:InformationOnOmissionOfConsolidatedFinancialStatement>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisIncludingBasesUsedForRevaluationsDepreciationAmortisationEstimatedResidualValueUsefulLifeWritedownsUpwardAndDownwardAdjustments 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">Omission of audit remuneration</td></tr><tr><td colspan="1">In accordance with section 96(3) of the Danish Financial Statements Act, fees paid to the</td></tr><tr><td colspan="1">auditors appointed at the annual general meeting have been omitted as it is included in the</td></tr><tr><td colspan="1">consolidated financial statements of Deutsche Börse Group.</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 colspan="1">Recognition and measurement in general</td></tr><tr><td colspan="1">Revenues are recognized in the income statement as earned. Furthermore, value</td></tr><tr><td colspan="1">adjustments of financial assets and liabilities measured at fair value or amortized cost are</td></tr><tr><td colspan="1">recognized. Moreover, all expenses incurred to achieve the earnings for the year are</td></tr><tr><td colspan="1">recognized in the income statement, including depreciation, amortization, impairment losses</td></tr><tr><td colspan="1">and provisions as well as reversals due to changed accounting estimates of amounts that</td></tr><tr><td colspan="1">have previously been recognized in the income statement.</td></tr><tr><td colspan="1">Assets are recognized in the statement of financial position when it is probable that future</td></tr><tr><td colspan="1">economic benefits will flow to the company and the value of the asset can be reliably</td></tr><tr><td colspan="1">measured.</td></tr><tr><td colspan="1">Liabilities are recognized in the statement of financial position when it is probable that future</td></tr><tr><td colspan="1">economic benefits will flow out of the company and the value of the liability can be reliably</td></tr><tr><td colspan="1">measured.</td></tr><tr><td colspan="1">Assets and liabilities are initially measured at cost. Subsequently, assets and liabilities are</td></tr><tr><td colspan="1">measures as described for each item below.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisIncludingBasesUsedForRevaluationsDepreciationAmortisationEstimatedResidualValueUsefulLifeWritedownsUpwardAndDownwardAdjustments>
<fsa:DescriptionOfMethodsOfTranslationOfForeignCurrencies 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">Foreign currency translation</td></tr><tr><td colspan="1">Transactions in foreign currency are translated by using the exchange rate prevailing at the</td></tr><tr><td colspan="1">date of the transaction. Differences in the rate of exchange arising between the rate at the</td></tr><tr><td colspan="1">date of transaction and the rate at the date of payment are recognized in the profit and loss</td></tr><tr><td colspan="1">account as an item under financial income or financial expenses.</td></tr><tr><td colspan="1">Receivables, payables, and other foreign currency monetary items that have not been</td></tr><tr><td colspan="1">settled at the balance sheet date are translated at the exchange rates at the balance sheet</td></tr><tr><td colspan="1">date. The difference between the closing rate and the rate at the time of the occurrence or</td></tr><tr><td colspan="1">initial recognition in the latest financial statements of the receivable or payable is recognized</td></tr><tr><td colspan="1">in the income statement under financial income and expenses.</td></tr><tr><td colspan="1">Fixed assets acquired and paid for in foreign currency are measured at the exchange rate at</td></tr><tr><td colspan="1">the date of the transaction.</td></tr><tr><td colspan="1">Foreign exchange adjustments of intra- group accounts are recognized in the income</td></tr><tr><td colspan="1">statement in SimCorp A/Sâ financial statements. Foreign exchange adjustments of intra-</td></tr><tr><td colspan="1">group accounts between SimCorp A/S and subsidiaries are considered part of the net</td></tr><tr><td colspan="1">investment in the subsidiaries concerned. Settlement of intra-group balances considered</td></tr><tr><td colspan="1">part of the net investment are not, per se, considered a partial divestment of a subsidiary.</td></tr></table></fsa:DescriptionOfMethodsOfTranslationOfForeignCurrencies>
<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 colspan="1">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 colspan="5">Revenue</td></tr><tr><td colspan="5">The company has applied IFRS 15 as its basis of interpretation for the recognition of</td></tr><tr><td colspan="5">revenue.</td></tr><tr><td colspan="5">Contract Identification</td></tr><tr><td colspan="5">Contracts can include several components, in this situation, the total contract consideration</td></tr><tr><td colspan="5">is allocated to the separate performance obligations for the purpose of revenue recognition.</td></tr><tr><td colspan="5">Separate contracts with the same client are treated as one contract if entered into at or near</td></tr><tr><td colspan="5">the same time and economically interrelated. Contracts closed more than 6 months apart are</td></tr><tr><td colspan="5">not considered to be entered at the same time.</td></tr><tr><td colspan="5">In determining whether the various contracts are interrelated judgment is required.</td></tr><tr><td colspan="5">Considerations include: whether the contracts were negotiated as a package with a single</td></tr><tr><td colspan="5">commercial objective, whether the amount of consideration on one contract is dependent on</td></tr><tr><td colspan="5">the performance of another contract, or if some or all offerings in the contract are a single</td></tr><tr><td colspan="5">performance obligation.</td></tr><tr><td colspan="5">Additional agreements with existing clients can be a new contract or a modification to</td></tr><tr><td colspan="5">existing contracts. Judgments making this determination consider: the presence of a</td></tr><tr><td colspan="5">connection between the new agreement and pre-existing contracts, whether subscription</td></tr><tr><td colspan="5">fees, license fees, software updates and support fees or services under the new agreement</td></tr><tr><td colspan="5">are highly interrelated with the subscription fees, license fees and software updates and</td></tr><tr><td colspan="5">support fees or services sold under prior agreements, and how the subscription fees, license</td></tr><tr><td colspan="5">fees and software updates and support fees or services under the new agreement are</td></tr><tr><td colspan="5">priced. Conversion of a perpetual license agreement to a subscription-based license</td></tr><tr><td colspan="5">agreement is accounted for as a termination of the perpetual license agreement and a new</td></tr><tr><td colspan="5">subscription license agreement.</td></tr><tr><td colspan="5">Performance obligation identification</td></tr><tr><td colspan="5">Contracts often include several components. License fees from new clients and to existing</td></tr><tr><td colspan="5">clients, software updates and support fees, fees from platform as a service, and fees from</td></tr><tr><td colspan="5">Client Reporting Services, Digital Portal Services, Investment Accounting Services (IAS),</td></tr><tr><td colspan="5">Investment Operational Services (IOS), Data Management Services, Regulatory Reporting</td></tr><tr><td colspan="5">Platform Services (RRP), and other services, and furthermore licenses and services fees</td></tr><tr><td colspan="5">from the partner ecosystem and fees from implementation and onboarding services</td></tr><tr><td colspan="5">constitute the main performance obligations. The fees allocated to the different performance</td></tr><tr><td colspan="5">obligations are recognized separately.</td></tr><tr><td colspan="5">The only performance obligation related to license agreements has been identified as the</td></tr><tr><td colspan="5">right to use the software. The right to use software license is considered a separate</td></tr><tr><td colspan="5">performance obligation when it satisfies the following conditions: can be delivered separately</td></tr><tr><td colspan="5">from other services, can be installed by a third party, can be used without upgrades, and is</td></tr><tr><td colspan="5">functional without upgrades or technical support.</td></tr><tr><td colspan="5">Judgment is required in determining whether a component is considered a separate</td></tr><tr><td colspan="5">performance obligation, in particular, professional services for implementation and</td></tr><tr><td colspan="5">onboarding activities. Consideration is given as to whether the services significantly</td></tr><tr><td colspan="5">integrate, customize, or modify the software or platform as a service offering. In general,</td></tr><tr><td colspan="5">implementation services and onboarding activities go beyond setup and qualify as a</td></tr><tr><td colspan="5">separate performance obligation. Options to acquire additional components such as</td></tr><tr><td colspan="5">renewals or additional volumes require judgment in determining whether such options</td></tr><tr><td colspan="5">provide a material right to the client which the client would not receive without entering into</td></tr><tr><td colspan="5">that contract. In this judgment it is considered whether the options entitle the customer to a</td></tr><tr><td colspan="5">discount that exceeds the discount granted for the respective subscription fees, license fees,</td></tr><tr><td colspan="5">software updates and support fees sold with the option.</td></tr><tr><td colspan="5">Transaction price</td></tr><tr><td colspan="5">Estimate is applied in determining the amount to which SimCorp expects to be entitled in</td></tr><tr><td colspan="5">exchange for transferring licenses, and software updates and support and services to a</td></tr><tr><td colspan="5">customer.</td></tr><tr><td colspan="5">The consideration attributable to license fees in subscription-based agreements are</td></tr><tr><td colspan="5">discounted to net present value when the value of the financing element is deemed</td></tr><tr><td colspan="5">significant. If the period between licenses transfer, software updates and support and</td></tr><tr><td colspan="5">payment from the clients is a year or less no financing component is recognized.</td></tr><tr><td colspan="5">A hierarchy has been established to identify the standalone selling prices used to allocate</td></tr><tr><td colspan="5">the transaction price of a customer contract to the performance obligations in the contract.</td></tr><tr><td colspan="5">Where standalone selling prices for a performance obligation are observable and reasonably</td></tr><tr><td colspan="5">consistent across customers, estimates are derived from SimCorpâs pricing history. Using</td></tr><tr><td colspan="5">this approach, professional services stand-alone value is determined based on the hourly</td></tr><tr><td colspan="5">billing rate for the relevant market unit. Platform as a service is assumed to be quoted to the</td></tr><tr><td colspan="5">client at their stand-alone value if it is equal to or above costs.</td></tr><tr><td colspan="5">Apportionment applied</td></tr><tr><td /><td>Dimension</td><td>Coric</td><td>Gain</td><td>Sofia</td></tr><tr><td>License</td><td>50%</td><td>75%</td><td>50%</td><td>50%</td></tr><tr><td colspan="5">Software updates and</td></tr><tr><td>support</td><td>50%</td><td>25%</td><td>50%</td><td>50%</td></tr><tr><td>Total apportionment</td><td>100%</td><td>100%</td><td>100%</td><td>100%</td></tr><tr><td colspan="5">Where sales prices are not directly observable or are highly variable across customers,</td></tr><tr><td colspan="5">estimation techniques are applied, such as a cost-plus-margin approach. This approach is</td></tr><tr><td colspan="5">often applied to third party products.</td></tr><tr><td colspan="5">If not renewable, with highly variable pricing, and no substantial direct costs to estimate</td></tr><tr><td colspan="5">based on a cost-plus margin approach, allocation is achieved by applying a residual</td></tr><tr><td colspan="5">approach. We use this technique in particular for license and software updates and support.</td></tr><tr><td colspan="5">Once the standalone price for other components is estimated, an apportionment is applied to</td></tr><tr><td colspan="5">allocate the price between license and software updates and support after deducting other</td></tr><tr><td colspan="5">performance obligations from the total consideration as follows.</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 colspan="1">Revenue recognition</td></tr><tr><td colspan="1">Revenue recognition requires an agreement with the client which creates enforceable rights</td></tr><tr><td colspan="1">and obligations between the parties, has commercial substance, and identifies payment</td></tr><tr><td colspan="1">terms. In addition, it must be probable that the consideration determined in the contract will</td></tr><tr><td colspan="1">be collected.</td></tr><tr><td colspan="1">Revenue is recognized when the client has obtained control of the license or service and has</td></tr><tr><td colspan="1">the ability to use and obtain substantially all the benefits from the license or service.</td></tr><tr><td colspan="1">SimCorp has therefore assessed that the client obtains control of the license when all the</td></tr><tr><td colspan="1">following criteria are met: a binding contract is entered into; the license is delivered; and the</td></tr><tr><td colspan="1">client has the right to use it. License revenue is therefore generally recognized at that point-</td></tr><tr><td colspan="1">in-time.</td></tr><tr><td colspan="1">When the contract contains functionality gaps or requires client acceptance of functionality,</td></tr><tr><td colspan="1">the revenue recognition will be deferred until the time of delivery or acceptance.</td></tr><tr><td colspan="1">Revenue from software updates and support agreements is recognized on a straight-line</td></tr><tr><td colspan="1">basis over the contract period.</td></tr><tr><td colspan="1">Client-driven development entails direct cooperation between SimCorpâs development team</td></tr><tr><td colspan="1">and the client for a client- defined software. Such agreements are individually evaluated to</td></tr><tr><td colspan="1">determine if revenue is recognized at a point in time or over time.</td></tr><tr><td colspan="1">SaaS covering infrastructure services, operating services, Digital Portal services, Investment</td></tr><tr><td colspan="1">Accounting Services (IAS), Investment Operational Services (IOS), Data Management</td></tr><tr><td colspan="1">Services and Regulatory Reporting Platform Services (RRP) are revenue recognized over</td></tr><tr><td colspan="1">the term of the service.</td></tr><tr><td colspan="1">Professional services fees are recognized based on work performed for time and material</td></tr><tr><td colspan="1">contracts. Fixed fee agreements are recognized based on percentage of share of completion</td></tr><tr><td colspan="1">unless client acceptance is required.</td></tr><tr><td colspan="1">The percentage-of-completion method requires estimation of total revenue and the stage of</td></tr><tr><td colspan="1">completion. The assumptions, estimates, and uncertainties inherent in determining the stage</td></tr><tr><td colspan="1">of completion affect the timing and amounts of revenue recognized.</td></tr><tr><td colspan="1">Changes in estimates of progress towards completion and of contract revenue and costs are</td></tr><tr><td colspan="1">accounted for as cumulative catch-up adjustments to the reported revenue for the applicable</td></tr><tr><td colspan="1">contract.</td></tr><tr><td colspan="1">Revenue is measured at the consideration received and is recognized exclusive of VAT and</td></tr><tr><td colspan="1">net of discounts related to sales.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfRevenue>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfOtherOperatingIncomeAndExpenses 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">Other operating income</td></tr><tr><td colspan="1">Other operating income comprises income of a secondary nature relative to the activities of</td></tr><tr><td colspan="1">the Company, including gains on the sale of intangible assets and property, plant, and</td></tr><tr><td colspan="1">equipment and income from subsidiaries for delivered services.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfOtherOperatingIncomeAndExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCostOfSales 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">Cost of sales</td></tr><tr><td colspan="1">Cost of sales comprises services purchased from subsidiaries. The services purchased are</td></tr><tr><td colspan="1">related to product development projects, client services and other services which are</td></tr><tr><td colspan="1">provided to clients.</td></tr><tr><td colspan="1">Costs are recognized in the income statement when the service is delivered.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCostOfSales>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfExternalExpenses 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">Other External expenses</td></tr><tr><td colspan="1">Other external expenses comprise indirect production costs, expenses for premises, sales,</td></tr><tr><td colspan="1">distribution IT cost, other external consultants, and office expenses.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfExternalExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEmployeeBenefitExpense 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">Staff expenses</td></tr><tr><td colspan="1">Staff expenses comprise salaries, wages, bonuses, social security and share-based</td></tr><tr><td colspan="1">payment. Staff expenses are recognized as expenses in the income statement in the period</td></tr><tr><td colspan="1">in which the related services are rendered by employees. They are measured at the</td></tr><tr><td colspan="1">amounts payable to employees based on contractual agreements, employment terms, and</td></tr><tr><td colspan="1">applicable wage rates.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEmployeeBenefitExpense>
<fsa:DescriptionOfMethodsOfImpairmentLossesAndDepreciation 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">Depreciation and amortization</td></tr><tr><td colspan="1">The basis of depreciation is calculated with due consideration to estimated residual value</td></tr><tr><td colspan="1">after the end of useful life and any prior impairment write down. The estimated useful life and</td></tr><tr><td colspan="1">the residual value after the end of useful life of each asset is determined at the date of</td></tr><tr><td colspan="1">acquisition and reassessed annually. When the estimated residual value after the end of</td></tr><tr><td colspan="1">useful life value equals the carrying amount of the assets, the asset ceases to be</td></tr><tr><td colspan="1">depreciated. Any change in depreciation period or scrap value is recognized as a change in</td></tr><tr><td colspan="1">accounting estimates.</td></tr><tr><td colspan="1">Property, plant, and equipment are depreciated on a straight-line basis over the</td></tr><tr><td colspan="1">estimated useful lives of the assets, which are as follows</td></tr><tr><td colspan="1">⢠Leasehold over the lease term up to 10 years</td></tr><tr><td colspan="1">⢠Technical equipment up to 3 years</td></tr><tr><td colspan="1">⢠Other equipment, fixtures, and fittings up to 5 years</td></tr><tr><td colspan="1">Intangible assets are amortized on a straight-line basis over the estimated useful</td></tr><tr><td colspan="1">lives of the assets, which are as follows</td></tr><tr><td colspan="1">⢠Software up to 5 years</td></tr><tr><td colspan="1">⢠Sales commission up to 7 years</td></tr></table></fsa:DescriptionOfMethodsOfImpairmentLossesAndDepreciation>
<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 colspan="1">Other operating expenses</td></tr><tr><td colspan="1">Other operating costs comprise items of secondary nature as regards the principal activities</td></tr><tr><td colspan="1">of the enterprise, including losses on the disposal of intangible and tangible assets.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfOtherOperatingExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeAndExpensesFromInvestmentsInGroupEnterprisesAndAssociates 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">Income from investments in subsidiaries</td></tr><tr><td colspan="1">Income from investment in subsidiaries comprise dividends received from subsidiaries.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeAndExpensesFromInvestmentsInGroupEnterprisesAndAssociates>
<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 colspan="1">Financial income and expenses</td></tr><tr><td colspan="1">Financial income and expenses are recognized in the income statement with the amounts</td></tr><tr><td colspan="1">concerning the financial year. Financial income and expenses comprise interest income and</td></tr><tr><td colspan="1">expenses, debt and transactions in foreign currency.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfFinanceIncomeAndExpenses>
<fsa:DescriptionOfOtherTaxExpenses 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">Tax on the profit for the period</td></tr><tr><td colspan="1">Tax for the year comprises the current income tax for the year and changes in deferred tax</td></tr><tr><td colspan="1">and is recognized in the income statement with the share attributable to the net profit or loss</td></tr><tr><td colspan="1">for the year and directly in equity with the share attributable to entries directly in equity.</td></tr><tr><td colspan="1">The company is subject to Danish rules on compulsory joint taxation of Danish group</td></tr><tr><td colspan="1">enterprises.</td></tr><tr><td colspan="1">The current Danish income tax is allocated among the jointly taxed companies proportional</td></tr><tr><td colspan="1">to their respective taxable income (full allocation with reimbursement of tax losses).</td></tr></table></fsa:DescriptionOfOtherTaxExpenses>
<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 colspan="1">Statement of financial position</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAssetsAndLiabilities>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIntangibleAssets 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">Intangible assets</td></tr><tr><td colspan="1">Intangible assets with limited economic lives are measured at cost less accumulated</td></tr><tr><td colspan="1">amortization and impairment losses. Intangible assets are primarily capitalized development</td></tr><tr><td colspan="1">costs.</td></tr><tr><td colspan="1">Capitalized development costs comprise salaries plus overheads. Development costs</td></tr><tr><td colspan="1">comprise costs attributable to the companyâs development functions, including salaries, and</td></tr><tr><td colspan="1">other employee costs and amortization.</td></tr><tr><td colspan="1">Amortization of capitalized development costs commences once the developed software is</td></tr><tr><td colspan="1">completed and available for use.</td></tr><tr><td colspan="1">SimCorp A/S has since April 2023 worked on identifying development projects. As of October</td></tr><tr><td colspan="1">1, 2023, it was deemed that costs meeting the requirement in IAS 38, paragraph 57 could be</td></tr><tr><td colspan="1">capitalized, as the costs meet the capitalization requirements.</td></tr><tr><td colspan="1">Sales commissions, which are costs realized to obtain a contract, are capitalized and</td></tr><tr><td colspan="1">amortized over the contract period.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIntangibleAssets>
<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 colspan="1">Property, plant, and equipment</td></tr><tr><td colspan="1">Property, plant, and equipment are measured at cost less accumulated depreciation and</td></tr><tr><td colspan="1">accumulated impairment losses.</td></tr><tr><td colspan="1">Cost comprises the cost of acquisition and expenses directly related to the acquisition up</td></tr><tr><td colspan="1">until the time when the asset is ready for use.</td></tr><tr><td colspan="1">Depreciation based on cost reduced by any residual value is calculated on a straight-line</td></tr><tr><td colspan="1">basis over the expected useful lives of the assets.</td></tr><tr><td colspan="1">The fixed assets residual values are determined at nil.</td></tr><tr><td colspan="1">Depreciation periods and residual value are reassessed annually.</td></tr><tr><td colspan="1">Technical equipment includes IT and other equipment owned. Other equipment includes</td></tr><tr><td colspan="1">owned fixtures and fittings.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfPropertyPlantAndEquipment>
<fsa:DescriptionOfMethodsOfLeases 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">Leases</td></tr><tr><td colspan="1">The Company has applied IFRS 16 when measuring and recognizing leases.</td></tr><tr><td colspan="1">Leases are recognized at present value of the right of use received and liabilities for the</td></tr><tr><td colspan="1">payment obligations entered into for all leases in the balance sheet. Lease payments are</td></tr><tr><td colspan="1">discounted at the implicit interest rate underlying the lease to the extent that this can be</td></tr><tr><td colspan="1">determined. Otherwise, discounting is at the incremental borrowing rate.</td></tr><tr><td colspan="1">Right-of-use assets are measured at cost, which comprises the following</td></tr><tr><td colspan="1">⢠lease liability</td></tr><tr><td colspan="1">⢠lease payments made at or prior to delivery, less lease incentives received;</td></tr><tr><td colspan="1">⢠initial direct costs and</td></tr><tr><td colspan="1">⢠restoration obligations.</td></tr><tr><td colspan="1">Right-of-use assets are depreciated over the term of the lease using the straight-line</td></tr><tr><td colspan="1">method, normally a depreciation period corresponding to the lease period. The Company</td></tr><tr><td colspan="1">has used the relief options provided for leases of low-value assets and short-term leases</td></tr><tr><td colspan="1">(shorter than twelve months) and expense the payments in the income statement according</td></tr><tr><td colspan="1">to the straight-line method. Extension and termination options exist for a number of leases,</td></tr><tr><td colspan="1">particularly for real estate. Such contract terms offer the Company the greatest possible</td></tr><tr><td colspan="1">flexibility in doing business. In determining lease terms, all facts and circumstances offering</td></tr><tr><td colspan="1">economic incentives for exercising extension options or not exercising termination options</td></tr><tr><td colspan="1">are taken into account. Changes due to the exercise or non-exercise of such options are</td></tr><tr><td colspan="1">considered in determining the lease term only if they are sufficiently probable.</td></tr><tr><td colspan="1">The company leases vehicles and equipment with lease terms of three to five years.</td></tr><tr><td colspan="1">Agreements might include options to purchase assets at the end of the contract term or</td></tr><tr><td colspan="1">guarantees in relation to the residual value of the leased asset at the end of the contract</td></tr><tr><td colspan="1">term. The use of vehicles and equipment is monitored and the estimated amount payable</td></tr><tr><td colspan="1">reassessed at the reporting date to remeasure lease liabilities and right-of-use assets.</td></tr><tr><td colspan="1">None of the Groupsâ right-of-use assets meet the definition of investment property.</td></tr><tr><td colspan="1">Extension and termination options are included in a number of property and equipment</td></tr><tr><td colspan="1">leases across the group. These are used to maximize operational flexibility in terms of</td></tr><tr><td colspan="1">managing the assets used in the companyâs operations. The majority of extension and</td></tr><tr><td colspan="1">termination options held are exercisable only by the Company and not by the respective</td></tr><tr><td colspan="1">lessor. The company assesses at the lease commencement date whether it is reasonably</td></tr><tr><td colspan="1">certain to exercise such options and reassesses if there is a significant event.</td></tr><tr><td colspan="1">Additionally, some leases provide for additional payments based on changes to local price</td></tr><tr><td colspan="1">indices, these amounts are generally determined annually.</td></tr><tr><td colspan="1">Payments associated with short-term leases and leases of low-value assets are recognized</td></tr><tr><td colspan="1">on a straight-line basis as an expense in the income statement. Short- term leases are</td></tr><tr><td colspan="1">leases with a term of 12 months or less. Low-value assets comprise IT-equipment and small</td></tr><tr><td colspan="1">items of office furniture.</td></tr></table></fsa:DescriptionOfMethodsOfLeases>
<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 colspan="1">Contract assets and contract liabilities</td></tr><tr><td colspan="1">Contract balances consist of client-related assets and liabilities.</td></tr><tr><td colspan="1">Contract assets relate to the Companyâs rights to consideration for software licensed to</td></tr><tr><td colspan="1">clients under subscription agreements with future payments when the right is conditional on</td></tr><tr><td colspan="1">SimCorpâs future performance.</td></tr><tr><td colspan="1">Contract liabilities represent mainly prepayments from clients for unsatisfied or partially</td></tr><tr><td colspan="1">satisfied performance obligations in relation to licenses, software updates and support, and</td></tr><tr><td colspan="1">services. Software updates and support and hosting billing generally occur at periodic</td></tr><tr><td colspan="1">intervals (e.g. quarterly or yearly) prior to revenue recognition, resulting in contract liabilities.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfReceivables>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisForInvestmentsInSubsidiariesAndAssociates 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">Investment in associates and subsidiaries</td></tr><tr><td colspan="1">Investments in subsidiaries and associates are measured at costs in the financial</td></tr><tr><td colspan="1">statements.</td></tr><tr><td colspan="1">January 2023 SimCorp A/S acquired 20% of the shared in Artega Investment Administration</td></tr><tr><td colspan="1">Pty Limited in Australia. The investment is considered a joint venture with strategic partner</td></tr><tr><td colspan="1">Challenger Limited.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisForInvestmentsInSubsidiariesAndAssociates>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfInvestments 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 assets</td></tr><tr><td colspan="1">Financial assets comprise other financial assets, deposits, receivables and cash and cash</td></tr><tr><td colspan="1">equivalents.</td></tr><tr><td colspan="1">Deposits are primarily related to leasing of offices. Security deposits which will not be</td></tr><tr><td colspan="1">returned within one year of the statement of financial position date are recognized as non-</td></tr><tr><td colspan="1">current assets. Commitments which require a deposit will initially be recorded to the deposit</td></tr><tr><td colspan="1">asset account. If the deposit is not recovered, it is charged to the income statement.</td></tr><tr><td colspan="1">Other financial assets comprise investments in shares of unlisted entities and are measured</td></tr><tr><td colspan="1">at cost.</td></tr><tr><td colspan="1">Receivables are measured in the balance sheet at the lower of amortized cost and net</td></tr><tr><td colspan="1">realizable value, which corresponds to nominal value less provisions for bad debt.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfInvestments>
<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 colspan="1">Financial liabilities</td></tr><tr><td colspan="1">Financial liabilities comprise lease liabilities, borrowings, trade payables and other</td></tr><tr><td colspan="1">payables.</td></tr><tr><td colspan="1">Loans</td></tr><tr><td colspan="1">Loans, such as mortgage loans and loans from credit institutions, are recognized initially at</td></tr><tr><td colspan="1">the proceeds received net of transaction expenses incurred. Subsequently, the loans are</td></tr><tr><td colspan="1">measured at amortized cost; the difference between the proceeds and the nominal value is</td></tr><tr><td colspan="1">recognized as an interest expense in the income statement over the loan period.</td></tr><tr><td colspan="1">Trade payables and other payables</td></tr><tr><td colspan="1">Other payables include bonus and commission accruals, vacation pay obligations, payroll</td></tr><tr><td colspan="1">taxes and VAT. Other debt are measured at amortized cost, substantially corresponding to</td></tr><tr><td colspan="1">nominal value.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfLiabilitiesOtherThanProvisions>
<fsa:DescriptionOfMethodsOfCurrentTaxReceivablesAndLiabilities 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">Current tax liabilities and receivables</td></tr><tr><td colspan="1">Current tax liabilities and receivables are recognized in the balance sheet as the expected</td></tr><tr><td colspan="1">taxable income for the year adjusted for tax on taxable incomes for prior years and tax paid</td></tr><tr><td colspan="1">on account.</td></tr><tr><td colspan="1">Extra payments and repayment under the on-account taxation scheme are recognized in the</td></tr><tr><td colspan="1">income statement in financial income and expenses.</td></tr></table></fsa:DescriptionOfMethodsOfCurrentTaxReceivablesAndLiabilities>
<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 colspan="1">Equity</td></tr><tr><td colspan="1">On 29th Dec. 2023, SimCorp received 100% shares of Axioma Inc which was owned by</td></tr><tr><td colspan="1">Deutsche Börse Aktiengesellschaft, the valuation price is EUR 510,9 million. The acquisition</td></tr><tr><td colspan="1">of Axioma Inc. has been accounted for as a capital contribution from Deutsche Börse Group.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEquity>
<fsa:DescriptionOfMethodsOfDividends 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">Dividends</td></tr><tr><td colspan="1">The expected dividend payment for the year is disclosed as a separate item in equity.</td></tr><tr><td colspan="1">Proposed dividends are recognized as a liability at the date they are adopted by the annual</td></tr><tr><td colspan="1">general meeting (declaration date).</td></tr><tr><td colspan="1">Reserve for development projects</td></tr><tr><td colspan="1">The reserve for development projects comprises capitalized development costs excluding</td></tr><tr><td colspan="1">tax. The reserve cannot be used to distribute dividends or cover losses. The reserve will be</td></tr><tr><td colspan="1">reduced or dissolved as the capitalized development costs are amortized or if they are no</td></tr><tr><td colspan="1">longer part of SimCorp A/Sâs operation by a transfer directly to distributable reserves under</td></tr><tr><td colspan="1">equity.</td></tr><tr><td colspan="1">Related party transactions</td></tr><tr><td colspan="1">Related parties exercising a significant influence comprise the Companyâs Board of Directors</td></tr><tr><td colspan="1">and Executive Management Board as well as relatives of these persons. Related parties</td></tr><tr><td colspan="1">also comprise companies in which the individuals mentioned above have material interests.</td></tr><tr><td colspan="1">Other related parties are considered to be subsidiaries and associated companies in which</td></tr><tr><td colspan="1">SimCorp A/S has a controlling or significant influence.</td></tr><tr><td colspan="1">All agreements relating to these transactions are based on market price.</td></tr></table></fsa:DescriptionOfMethodsOfDividends>
<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx1">Ã
rsrapport</gsd:InformationOnTypeOfSubmittedReport>
<gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="ctx1">15505281</gsd:IdentificationNumberCvrOfSubmittingEnterprise>
<gsd:NameOfSubmittingEnterprise contextRef="ctx1" xml:lang="da">SimCorp A/S</gsd:NameOfSubmittingEnterprise>
<gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="ctx1" xml:lang="da">Weidekampsgade 16</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
<gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="ctx1" xml:lang="da">2300 København S</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
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<gsd:PrecedingReportingPeriodStartDate contextRef="ctx1">2022-01-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="ctx1">2022-12-31</gsd:PredingReportingPeriodEndDate>
<cmn:TypeOfAuditorAssistance contextRef="ctx1">Revisionspåtegning</cmn:TypeOfAuditorAssistance>
<arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements contextRef="ctx1">Grundlag for konklusion</arr:TypeOfBasisForModifiedOpinionOnAuditedFinancialStatements>
<arr:TypeOfModifiedOpinionOnAuditedFinancialStatements contextRef="ctx1">Konklusion</arr:TypeOfModifiedOpinionOnAuditedFinancialStatements>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx2" xml:lang="da">Christian Peter Kromann</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx3" xml:lang="da">Georg Werner Hetrodt</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx4" xml:lang="da">Stephan Leithner</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:TitleOfMemberOfSupervisoryBoard contextRef="ctx4" xml:lang="da">Chairman</cmn:TitleOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx5" xml:lang="da">Vagn Ove Sørensen</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx6" xml:lang="da">Anne Louise Eberhard</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx7" xml:lang="da">Stephan Engels</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx8" xml:lang="da">Christoph Böhm</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx9" xml:lang="da">Stephanie Eckermann</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx10" xml:lang="da">Sven Rinke</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx11" xml:lang="da">Neil James Cook</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<cmn:NameAndSurnameOfMemberOfSupervisoryBoard contextRef="ctx12" xml:lang="da">Charlotte Søndergaard</cmn:NameAndSurnameOfMemberOfSupervisoryBoard>
<fsa:Revenue contextRef="ctx13" unitRef="vEUR" decimals="-3">263438000</fsa:Revenue>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="ctx13" unitRef="vEUR" decimals="-3">74381000</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:ProfitLoss contextRef="ctx13" unitRef="vEUR" decimals="-3">92387000</fsa:ProfitLoss>
<fsa:AverageNumberOfEmployees contextRef="ctx13" unitRef="pure" decimals="0">573</fsa:AverageNumberOfEmployees>
<mrv:GrossMargin contextRef="ctx13" unitRef="pure" decimals="3">0.629</mrv:GrossMargin>
<mrv:OperatingMargin contextRef="ctx13" unitRef="pure" decimals="3">0.282</mrv:OperatingMargin>
<mrv:SolvencyRatio contextRef="ctx13" unitRef="pure" decimals="3">0.737</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx13" unitRef="pure" decimals="3">0.294</mrv:ReturnOnEquity>
<fsa:OtherOperatingIncome contextRef="ctx13" unitRef="vEUR" decimals="-3">36490000</fsa:OtherOperatingIncome>
<fsa:CostOfSales contextRef="ctx13" unitRef="vEUR" decimals="-3">74466000</fsa:CostOfSales>
<fsa:OtherExternalExpenses contextRef="ctx13" unitRef="vEUR" decimals="-3">59672000</fsa:OtherExternalExpenses>
<fsa:GrossProfitLoss contextRef="ctx13" unitRef="vEUR" decimals="-3">165790000</fsa:GrossProfitLoss>
<fsa:EmployeeBenefitsExpense contextRef="ctx13" unitRef="vEUR" decimals="-3">86678000</fsa:EmployeeBenefitsExpense>
<fsa:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss contextRef="ctx13" unitRef="vEUR" decimals="-3">3821000</fsa:DepreciationAmortisationExpenseAndImpairmentLossesOfPropertyPlantAndEquipmentAndIntangibleAssetsRecognisedInProfitOrLoss>
<fsa:OtherOperatingExpenses contextRef="ctx13" unitRef="vEUR" decimals="-3">910000</fsa:OtherOperatingExpenses>
<fsa:IncomeFromInvestmentsInGroupEnterprises contextRef="ctx13" unitRef="vEUR" decimals="-3">31487000</fsa:IncomeFromInvestmentsInGroupEnterprises>
<fsa:IncomeFromInvestmentsInAssociates contextRef="ctx13" unitRef="vEUR" decimals="-3">68000</fsa:IncomeFromInvestmentsInAssociates>
<fsa:OtherFinanceIncome contextRef="ctx13" unitRef="vEUR" decimals="-3">3348000</fsa:OtherFinanceIncome>
<fsa:OtherFinanceExpenses contextRef="ctx13" unitRef="vEUR" decimals="-3">811000</fsa:OtherFinanceExpenses>
<fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="ctx13" unitRef="vEUR" decimals="-3">108473000</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
<fsa:TaxExpense contextRef="ctx13" unitRef="vEUR" decimals="-3">16086000</fsa:TaxExpense>
<fsa:TransferredToFromRetainedEarnings contextRef="ctx13" unitRef="vEUR" decimals="-3">52655000</fsa:TransferredToFromRetainedEarnings>
<fsa:Revenue contextRef="ctx14" unitRef="vEUR" decimals="-3">250191000</fsa:Revenue>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="ctx14" unitRef="vEUR" decimals="-3">85461000</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:ProfitLoss contextRef="ctx14" unitRef="vEUR" decimals="-3">94948000</fsa:ProfitLoss>
<fsa:AverageNumberOfEmployees contextRef="ctx14" unitRef="pure" decimals="0">553</fsa:AverageNumberOfEmployees>
<mrv:GrossMargin contextRef="ctx14" unitRef="pure" decimals="3">0.674</mrv:GrossMargin>
<mrv:OperatingMargin contextRef="ctx14" unitRef="pure" decimals="3">0.342</mrv:OperatingMargin>
<mrv:SolvencyRatio contextRef="ctx14" unitRef="pure" decimals="3">0.747</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx14" unitRef="pure" decimals="3">0.341</mrv:ReturnOnEquity>
<fsa:Revenue contextRef="ctx15" unitRef="vEUR" decimals="-3">235572000</fsa:Revenue>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="ctx15" unitRef="vEUR" decimals="-3">89866000</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:ProfitLoss contextRef="ctx15" unitRef="vEUR" decimals="-3">88664000</fsa:ProfitLoss>
<fsa:AverageNumberOfEmployees contextRef="ctx15" unitRef="pure" decimals="0">550</fsa:AverageNumberOfEmployees>
<mrv:GrossMargin contextRef="ctx15" unitRef="pure" decimals="3">0.703</mrv:GrossMargin>
<mrv:OperatingMargin contextRef="ctx15" unitRef="pure" decimals="3">0.381</mrv:OperatingMargin>
<mrv:SolvencyRatio contextRef="ctx15" unitRef="pure" decimals="3">0.741</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx15" unitRef="pure" decimals="3">0.371</mrv:ReturnOnEquity>
<fsa:Revenue contextRef="ctx16" unitRef="vEUR" decimals="-3">235780000</fsa:Revenue>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="ctx16" unitRef="vEUR" decimals="-3">93983000</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:ProfitLoss contextRef="ctx16" unitRef="vEUR" decimals="-3">95985000</fsa:ProfitLoss>
<fsa:AverageNumberOfEmployees contextRef="ctx16" unitRef="pure" decimals="0">527</fsa:AverageNumberOfEmployees>
<mrv:GrossMargin contextRef="ctx16" unitRef="pure" decimals="3">0.707</mrv:GrossMargin>
<mrv:OperatingMargin contextRef="ctx16" unitRef="pure" decimals="3">0.399</mrv:OperatingMargin>
<mrv:SolvencyRatio contextRef="ctx16" unitRef="pure" decimals="3">0.678</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx16" unitRef="pure" decimals="3">0.524</mrv:ReturnOnEquity>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx17" xml:lang="da">Gross profit</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx17" unitRef="vEUR" decimals="-3">145965000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx18" xml:lang="da">Gross profit</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx18" unitRef="vEUR" decimals="-3">165790000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx19" xml:lang="da">Gross profit</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx19" unitRef="vEUR" decimals="-3">168531000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx20" xml:lang="da">Gross profit</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx20" unitRef="vEUR" decimals="-3">165670000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx21" xml:lang="da">Gross profit</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx21" unitRef="vEUR" decimals="-3">166582000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx22" xml:lang="da">Financial income and expenses, net</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx22" unitRef="vEUR" decimals="-3">26848000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx23" xml:lang="da">Financial income and expenses, net</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx23" unitRef="vEUR" decimals="-3">34092000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx24" xml:lang="da">Financial income and expenses, net</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx24" unitRef="vEUR" decimals="-3">25254000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx25" xml:lang="da">Financial income and expenses, net</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx25" unitRef="vEUR" decimals="-3">18237000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx26" xml:lang="da">Financial income and expenses, net</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx26" unitRef="vEUR" decimals="-3">24425000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<fsa:Assets contextRef="ctx27" unitRef="vEUR" decimals="-3">1045039000</fsa:Assets>
<fsa:Equity contextRef="ctx27" unitRef="vEUR" decimals="-3">855310000</fsa:Equity>
<mrv:TotalNumberOfMembersOfBoardOfDirectorsExcludingEmployeeelectedMembers contextRef="ctx27" unitRef="pure" decimals="0">6</mrv:TotalNumberOfMembersOfBoardOfDirectorsExcludingEmployeeelectedMembers>
<mrv:PercentageOfUnderrepresentedGenderBoardOfDirectors contextRef="ctx27" unitRef="pure" decimals="2">0.33</mrv:PercentageOfUnderrepresentedGenderBoardOfDirectors>
<mrv:TotalNumberOfOtherManagementLevels contextRef="ctx27" unitRef="pure" decimals="0">18</mrv:TotalNumberOfOtherManagementLevels>
<mrv:PercentageOfUnderrepresentedGenderOtherManagementLevels contextRef="ctx27" unitRef="pure" decimals="2">0.33</mrv:PercentageOfUnderrepresentedGenderOtherManagementLevels>
<mrv:TargetFigureInPercentageOfUnderrepresentedGenderOtherManagementLevels contextRef="ctx27" unitRef="pure" decimals="2">0.36</mrv:TargetFigureInPercentageOfUnderrepresentedGenderOtherManagementLevels>
<mrv:YearOfFulfillmentOfTargetFigureOfUnderrepresentedGenderOtherManagementLevels contextRef="ctx27">2025</mrv:YearOfFulfillmentOfTargetFigureOfUnderrepresentedGenderOtherManagementLevels>
<fsa:AcquiredLicences contextRef="ctx27" unitRef="vEUR" decimals="-3">0</fsa:AcquiredLicences>
<fsa:AcquiredOtherSimilarRights contextRef="ctx27" unitRef="vEUR" decimals="-3">222000</fsa:AcquiredOtherSimilarRights>
<fsa:DevelopmentProjectsInProgress contextRef="ctx27" unitRef="vEUR" decimals="-3">12281000</fsa:DevelopmentProjectsInProgress>
<fsa:IntangibleAssets contextRef="ctx27" unitRef="vEUR" decimals="-3">12503000</fsa:IntangibleAssets>
<fsa:LandAndBuildings contextRef="ctx27" unitRef="vEUR" decimals="-3">17323000</fsa:LandAndBuildings>
<fsa:PlantAndMachinery contextRef="ctx27" unitRef="vEUR" decimals="-3">712000</fsa:PlantAndMachinery>
<fsa:FixturesFittingsToolsAndEquipment contextRef="ctx27" unitRef="vEUR" decimals="-3">566000</fsa:FixturesFittingsToolsAndEquipment>
<fsa:LeaseholdImprovements contextRef="ctx27" unitRef="vEUR" decimals="-3">312000</fsa:LeaseholdImprovements>
<fsa:PropertyPlantAndEquipment contextRef="ctx27" unitRef="vEUR" decimals="-3">18913000</fsa:PropertyPlantAndEquipment>
<fsa:LongtermInvestmentsInGroupEnterprises contextRef="ctx27" unitRef="vEUR" decimals="-3">648563000</fsa:LongtermInvestmentsInGroupEnterprises>
<fsa:LongtermInvestmentsInAssociates contextRef="ctx27" unitRef="vEUR" decimals="-3">9678000</fsa:LongtermInvestmentsInAssociates>
<fsa:OtherLongtermInvestments contextRef="ctx27" unitRef="vEUR" decimals="-3">4835000</fsa:OtherLongtermInvestments>
<fsa:DepositsLongtermInvestmentsAndReceivables contextRef="ctx27" unitRef="vEUR" decimals="-3">1648000</fsa:DepositsLongtermInvestmentsAndReceivables>
<fsa:NoncurrentAssets contextRef="ctx27" unitRef="vEUR" decimals="-3">696140000</fsa:NoncurrentAssets>
<fsa:ShorttermTradeReceivables contextRef="ctx27" unitRef="vEUR" decimals="-3">1909000</fsa:ShorttermTradeReceivables>
<fsa:CurrentContractAssets contextRef="ctx27" unitRef="vEUR" decimals="-3">45360000</fsa:CurrentContractAssets>
<fsa:ShorttermReceivablesFromGroupEnterprises contextRef="ctx27" unitRef="vEUR" decimals="-3">266848000</fsa:ShorttermReceivablesFromGroupEnterprises>
<fsa:OtherShorttermReceivables contextRef="ctx27" unitRef="vEUR" decimals="-3">6750000</fsa:OtherShorttermReceivables>
<fsa:ShorttermTaxReceivables contextRef="ctx27" unitRef="vEUR" decimals="-3">4764000</fsa:ShorttermTaxReceivables>
<fsa:DeferredIncomeAssets contextRef="ctx27" unitRef="vEUR" decimals="-3">8232000</fsa:DeferredIncomeAssets>
<fsa:ShorttermReceivables contextRef="ctx27" unitRef="vEUR" decimals="-3">333863000</fsa:ShorttermReceivables>
<fsa:CashAndCashEquivalents contextRef="ctx27" unitRef="vEUR" decimals="-3">15036000</fsa:CashAndCashEquivalents>
<fsa:CurrentAssets contextRef="ctx27" unitRef="vEUR" decimals="-3">348899000</fsa:CurrentAssets>
<fsa:ContributedCapital contextRef="ctx27" unitRef="vEUR" decimals="-3">5441000</fsa:ContributedCapital>
<fsa:ReserveForDevelopmentExpenditure contextRef="ctx27" unitRef="vEUR" decimals="-3">9579000</fsa:ReserveForDevelopmentExpenditure>
<fsa:RetainedEarnings contextRef="ctx27" unitRef="vEUR" decimals="-3">840290000</fsa:RetainedEarnings>
<fsa:ProposedDividendRecognisedInEquity contextRef="ctx27" unitRef="vEUR" decimals="-3">0</fsa:ProposedDividendRecognisedInEquity>
<fsa:ProvisionsForDeferredTax contextRef="ctx27" unitRef="vEUR" decimals="-3">47813000</fsa:ProvisionsForDeferredTax>
<fsa:OtherProvisions contextRef="ctx27" unitRef="vEUR" decimals="-3">17951000</fsa:OtherProvisions>
<fsa:Provisions contextRef="ctx27" unitRef="vEUR" decimals="-3">65764000</fsa:Provisions>
<fsa:LongtermLeaseCommitments contextRef="ctx27" unitRef="vEUR" decimals="-3">14065000</fsa:LongtermLeaseCommitments>
<fsa:LongtermLiabilitiesOtherThanProvisions contextRef="ctx27" unitRef="vEUR" decimals="-3">14065000</fsa:LongtermLiabilitiesOtherThanProvisions>
<fsa:ShorttermDebtToBanks contextRef="ctx27" unitRef="vEUR" decimals="-3">0</fsa:ShorttermDebtToBanks>
<fsa:ShorttermLeaseCommitments contextRef="ctx27" unitRef="vEUR" decimals="-3">3697000</fsa:ShorttermLeaseCommitments>
<fsa:ShorttermTradePayables contextRef="ctx27" unitRef="vEUR" decimals="-3">21885000</fsa:ShorttermTradePayables>
<fsa:CurrentContractLiabilities contextRef="ctx27" unitRef="vEUR" decimals="-3">2551000</fsa:CurrentContractLiabilities>
<fsa:ShorttermPayablesToGroupEnterprises contextRef="ctx27" unitRef="vEUR" decimals="-3">45910000</fsa:ShorttermPayablesToGroupEnterprises>
<fsa:OtherPayablesIncludingTaxPayablesLiabilitiesOtherThanProvisionsShortterm contextRef="ctx27" unitRef="vEUR" decimals="-3">35857000</fsa:OtherPayablesIncludingTaxPayablesLiabilitiesOtherThanProvisionsShortterm>
<fsa:ShorttermLiabilitiesOtherThanProvisions contextRef="ctx27" unitRef="vEUR" decimals="-3">109900000</fsa:ShorttermLiabilitiesOtherThanProvisions>
<fsa:LiabilitiesOtherThanProvisions contextRef="ctx27" unitRef="vEUR" decimals="-3">123965000</fsa:LiabilitiesOtherThanProvisions>
<fsa:LiabilitiesAndEquity contextRef="ctx27" unitRef="vEUR" decimals="-3">1045039000</fsa:LiabilitiesAndEquity>
<fsa:Assets contextRef="ctx28" unitRef="vEUR" decimals="-3">456621000</fsa:Assets>
<fsa:Equity contextRef="ctx28" unitRef="vEUR" decimals="-3">336720000</fsa:Equity>
<fsa:AcquiredLicences contextRef="ctx28" unitRef="vEUR" decimals="-3">2000</fsa:AcquiredLicences>
<fsa:AcquiredOtherSimilarRights contextRef="ctx28" unitRef="vEUR" decimals="-3">0</fsa:AcquiredOtherSimilarRights>
<fsa:DevelopmentProjectsInProgress contextRef="ctx28" unitRef="vEUR" decimals="-3">0</fsa:DevelopmentProjectsInProgress>
<fsa:IntangibleAssets contextRef="ctx28" unitRef="vEUR" decimals="-3">2000</fsa:IntangibleAssets>
<fsa:LandAndBuildings contextRef="ctx28" unitRef="vEUR" decimals="-3">18968000</fsa:LandAndBuildings>
<fsa:PlantAndMachinery contextRef="ctx28" unitRef="vEUR" decimals="-3">374000</fsa:PlantAndMachinery>
<fsa:FixturesFittingsToolsAndEquipment contextRef="ctx28" unitRef="vEUR" decimals="-3">952000</fsa:FixturesFittingsToolsAndEquipment>
<fsa:LeaseholdImprovements contextRef="ctx28" unitRef="vEUR" decimals="-3">370000</fsa:LeaseholdImprovements>
<fsa:PropertyPlantAndEquipment contextRef="ctx28" unitRef="vEUR" decimals="-3">20664000</fsa:PropertyPlantAndEquipment>
<fsa:LongtermInvestmentsInGroupEnterprises contextRef="ctx28" unitRef="vEUR" decimals="-3">137967000</fsa:LongtermInvestmentsInGroupEnterprises>
<fsa:LongtermInvestmentsInAssociates contextRef="ctx28" unitRef="vEUR" decimals="-3">141000</fsa:LongtermInvestmentsInAssociates>
<fsa:OtherLongtermInvestments contextRef="ctx28" unitRef="vEUR" decimals="-3">4843000</fsa:OtherLongtermInvestments>
<fsa:DepositsLongtermInvestmentsAndReceivables contextRef="ctx28" unitRef="vEUR" decimals="-3">1483000</fsa:DepositsLongtermInvestmentsAndReceivables>
<fsa:NoncurrentAssets contextRef="ctx28" unitRef="vEUR" decimals="-3">165100000</fsa:NoncurrentAssets>
<fsa:ShorttermTradeReceivables contextRef="ctx28" unitRef="vEUR" decimals="-3">4820000</fsa:ShorttermTradeReceivables>
<fsa:CurrentContractAssets contextRef="ctx28" unitRef="vEUR" decimals="-3">18270000</fsa:CurrentContractAssets>
<fsa:ShorttermReceivablesFromGroupEnterprises contextRef="ctx28" unitRef="vEUR" decimals="-3">243273000</fsa:ShorttermReceivablesFromGroupEnterprises>
<fsa:OtherShorttermReceivables contextRef="ctx28" unitRef="vEUR" decimals="-3">2855000</fsa:OtherShorttermReceivables>
<fsa:ShorttermTaxReceivables contextRef="ctx28" unitRef="vEUR" decimals="-3">3899000</fsa:ShorttermTaxReceivables>
<fsa:DeferredIncomeAssets contextRef="ctx28" unitRef="vEUR" decimals="-3">6681000</fsa:DeferredIncomeAssets>
<fsa:ShorttermReceivables contextRef="ctx28" unitRef="vEUR" decimals="-3">279798000</fsa:ShorttermReceivables>
<fsa:CashAndCashEquivalents contextRef="ctx28" unitRef="vEUR" decimals="-3">11723000</fsa:CashAndCashEquivalents>
<fsa:CurrentAssets contextRef="ctx28" unitRef="vEUR" decimals="-3">291521000</fsa:CurrentAssets>
<fsa:ContributedCapital contextRef="ctx28" unitRef="vEUR" decimals="-3">5441000</fsa:ContributedCapital>
<fsa:ReserveForDevelopmentExpenditure contextRef="ctx28" unitRef="vEUR" decimals="-3">0</fsa:ReserveForDevelopmentExpenditure>
<fsa:RetainedEarnings contextRef="ctx28" unitRef="vEUR" decimals="-3">291547000</fsa:RetainedEarnings>
<fsa:ProposedDividendRecognisedInEquity contextRef="ctx28" unitRef="vEUR" decimals="-3">39732000</fsa:ProposedDividendRecognisedInEquity>
<fsa:ProvisionsForDeferredTax contextRef="ctx28" unitRef="vEUR" decimals="-3">36763000</fsa:ProvisionsForDeferredTax>
<fsa:OtherProvisions contextRef="ctx28" unitRef="vEUR" decimals="-3">2345000</fsa:OtherProvisions>
<fsa:Provisions contextRef="ctx28" unitRef="vEUR" decimals="-3">39108000</fsa:Provisions>
<fsa:LongtermLeaseCommitments contextRef="ctx28" unitRef="vEUR" decimals="-3">16179000</fsa:LongtermLeaseCommitments>
<fsa:LongtermLiabilitiesOtherThanProvisions contextRef="ctx28" unitRef="vEUR" decimals="-3">16179000</fsa:LongtermLiabilitiesOtherThanProvisions>
<fsa:ShorttermDebtToBanks contextRef="ctx28" unitRef="vEUR" decimals="-3">6724000</fsa:ShorttermDebtToBanks>
<fsa:ShorttermLeaseCommitments contextRef="ctx28" unitRef="vEUR" decimals="-3">3319000</fsa:ShorttermLeaseCommitments>
<fsa:ShorttermTradePayables contextRef="ctx28" unitRef="vEUR" decimals="-3">13521000</fsa:ShorttermTradePayables>
<fsa:CurrentContractLiabilities contextRef="ctx28" unitRef="vEUR" decimals="-3">3232000</fsa:CurrentContractLiabilities>
<fsa:ShorttermPayablesToGroupEnterprises contextRef="ctx28" unitRef="vEUR" decimals="-3">24526000</fsa:ShorttermPayablesToGroupEnterprises>
<fsa:OtherPayablesIncludingTaxPayablesLiabilitiesOtherThanProvisionsShortterm contextRef="ctx28" unitRef="vEUR" decimals="-3">13292000</fsa:OtherPayablesIncludingTaxPayablesLiabilitiesOtherThanProvisionsShortterm>
<fsa:ShorttermLiabilitiesOtherThanProvisions contextRef="ctx28" unitRef="vEUR" decimals="-3">64614000</fsa:ShorttermLiabilitiesOtherThanProvisions>
<fsa:LiabilitiesOtherThanProvisions contextRef="ctx28" unitRef="vEUR" decimals="-3">80955000</fsa:LiabilitiesOtherThanProvisions>
<fsa:LiabilitiesAndEquity contextRef="ctx28" unitRef="vEUR" decimals="-3">456621000</fsa:LiabilitiesAndEquity>
<fsa:Assets contextRef="ctx29" unitRef="vEUR" decimals="-3">389962000</fsa:Assets>
<fsa:Equity contextRef="ctx29" unitRef="vEUR" decimals="-3">291207000</fsa:Equity>
<fsa:Assets contextRef="ctx30" unitRef="vEUR" decimals="-3">357981000</fsa:Assets>
<fsa:Equity contextRef="ctx30" unitRef="vEUR" decimals="-3">265304000</fsa:Equity>
<fsa:Assets contextRef="ctx31" unitRef="vEUR" decimals="-3">314204000</fsa:Assets>
<fsa:Equity contextRef="ctx31" unitRef="vEUR" decimals="-3">213160000</fsa:Equity>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx32" xml:lang="da">Investments in property, plant and equipment</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx32" unitRef="vEUR" decimals="-3">18913000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx33" xml:lang="da">Investments in property, plant and equipment</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx33" unitRef="vEUR" decimals="-3">20664000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx34" xml:lang="da">Investments in property, plant and equipment</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx34" unitRef="vEUR" decimals="-3">22254000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx35" xml:lang="da">Investments in property, plant and equipment</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx35" unitRef="vEUR" decimals="-3">25721000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx36" xml:lang="da">Investments in property, plant and equipment</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatioMonetary contextRef="ctx36" unitRef="vEUR" decimals="-3">27747000</mrv:ValueOfKeyFigureOrFinancialRatioMonetary>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx37" xml:lang="da">Return on assets</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatio contextRef="ctx37" unitRef="pure" decimals="3">0.063</mrv:ValueOfKeyFigureOrFinancialRatio>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx38" xml:lang="da">Return on assets</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatio contextRef="ctx38" unitRef="pure" decimals="3">0.176</mrv:ValueOfKeyFigureOrFinancialRatio>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx39" xml:lang="da">Return on assets</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatio contextRef="ctx39" unitRef="pure" decimals="3">0.229</mrv:ValueOfKeyFigureOrFinancialRatio>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx40" xml:lang="da">Return on assets</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatio contextRef="ctx40" unitRef="pure" decimals="3">0.267</mrv:ValueOfKeyFigureOrFinancialRatio>
<mrv:NameOfKeyFigureOrFinancialRatio contextRef="ctx41" xml:lang="da">Return on assets</mrv:NameOfKeyFigureOrFinancialRatio>
<mrv:ValueOfKeyFigureOrFinancialRatio contextRef="ctx41" unitRef="pure" decimals="3">0.362</mrv:ValueOfKeyFigureOrFinancialRatio>
<cmn:NameOfAuditFirm contextRef="ctx42" xml:lang="da">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx42">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameAndSurnameOfAuditor contextRef="ctx42" xml:lang="da">Rasmus Friis Jørgensen</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx42" xml:lang="da">Statement Authorised Public Accountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx42">mne28705</cmn:IdentificationNumberOfAuditor>
<gsd:AddressOfAuditorStreetName contextRef="ctx42" xml:lang="da">Strandvejen</gsd:AddressOfAuditorStreetName>
<gsd:AddressOfAuditorStreetBuildingIdentifier contextRef="ctx42" xml:lang="da">44</gsd:AddressOfAuditorStreetBuildingIdentifier>
<gsd:AddressOfAuditorPostCodeIdentifier contextRef="ctx42" xml:lang="da">2900</gsd:AddressOfAuditorPostCodeIdentifier>
<gsd:AddressOfAuditorDistrictName contextRef="ctx42" xml:lang="da">Hellerup</gsd:AddressOfAuditorDistrictName>
<cmn:NameAndSurnameOfAuditor contextRef="ctx43" xml:lang="da">Thomas Baunkjær Andersen</cmn:NameAndSurnameOfAuditor>
<cmn:DescriptionOfAuditor contextRef="ctx43" xml:lang="da">State Authorised Public ccountant</cmn:DescriptionOfAuditor>
<cmn:IdentificationNumberOfAuditor contextRef="ctx43">mne35483</cmn:IdentificationNumberOfAuditor>
<cmn:IdentificationNumberCvrOfAuditFirm contextRef="ctx43">33771231</cmn:IdentificationNumberCvrOfAuditFirm>
<cmn:NameOfAuditFirm contextRef="ctx43" xml:lang="da">PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab</cmn:NameOfAuditFirm>
</xbrli:xbrl>