Assets
| Type | Time | Amount | Unit |
|---|---|---|---|
| ifrs-full:Assets | 2024-06-30 | 7673903000 | vDKK |
| ifrs-full:Assets | 2023-06-30 | 6702755000 | vDKK |
| ifrs-full:Assets | 2022-06-30 | 6526765000 | vDKK |
| ifrs-full:Assets | 2021-06-30 | 5179243000 | vDKK |
| ifrs-full:Assets | 2020-06-30 | 4827287000 | vDKK |
Revenue
| Type | Start date | End date | Amount | Unit |
|---|---|---|---|---|
| ifrs-full:Revenue | 2023-07-01 | 2024-06-30 | 12576720000 | vDKK |
| ifrs-full:Revenue | 2022-07-01 | 2023-06-30 | 10596198000 | vDKK |
| ifrs-full:Revenue | 2021-07-01 | 2022-06-30 | 8268603000 | vDKK |
| ifrs-full:Revenue | 2020-07-01 | 2021-06-30 | 6185009000 | vDKK |
| ifrs-full:Revenue | 2019-07-01 | 2020-06-30 | 4358013000 | vDKK |
XML
See the xml submitted here:
XML: http://regnskaber.virk.dk/07821631/amNsb3VkczovLzAzL2NiLzFiLzMxLzIyLzg3NDctNDA4My04YmY5LWNmZDliZWY2OTQ2YQ.xml
Separator
The full data:
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<gsd:NameOfReportingEntity contextRef="ctx1" xml:lang="da">Microsoft Danmark ApS</gsd:NameOfReportingEntity>
<gsd:AddressOfReportingEntityStreetName contextRef="ctx1" xml:lang="da">Kanalvej</gsd:AddressOfReportingEntityStreetName>
<gsd:AddressOfReportingEntityStreetBuildingIdentifier contextRef="ctx1" xml:lang="da">7</gsd:AddressOfReportingEntityStreetBuildingIdentifier>
<gsd:AddressOfReportingEntityPostCodeIdentifier contextRef="ctx1" xml:lang="da">2800</gsd:AddressOfReportingEntityPostCodeIdentifier>
<gsd:AddressOfReportingEntityDistrictName contextRef="ctx1" xml:lang="da">Kgs. Lyngby</gsd:AddressOfReportingEntityDistrictName>
<gsd:IdentificationNumberCvrOfReportingEntity contextRef="ctx1">13612870</gsd:IdentificationNumberCvrOfReportingEntity>
<gsd:DateOfGeneralMeeting contextRef="ctx1">2024-12-12</gsd:DateOfGeneralMeeting>
<gsd:NameAndSurnameOfChairmanOfGeneralMeeting contextRef="ctx1" xml:lang="da">Chantal Pernille Patel</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">STATEMENT BY THE EXECUTIVE BOARD</td></tr></table></sob:StatementByExecutiveAndSupervisoryBoards>
<sob:IdentificationOfApprovedAnnualReport contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Today, the Executive Board have discussed and approved the annual report of Microsoft Danmark ApS ("the Company") for the financial year 1 July 2023 - 30 June 2024.</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 has been prepared in accordance with the Danish Financial Statements Act.</td></tr></table></sob:ConfirmationThatAnnualReportIsPresentedInAccordanceWithRequirementsProvidedForByLegislationAnyStandardsAndRequirementsProvidedByArticlesOfAssociationOrByAgreement>
<sob:ConfirmationThatFinancialStatementGivesTrueAndFairViewOfAssetsLiabilitiesEquityFinancialPositionAndResults contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">In our opinion, the Company's financial statements give a true and fair view of the company's financial position at 30 June 2024 and of the results of the Company's operations for the financial year 1 July 2023 - 30 June 2024.</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">Further, in our opinion, the Management's review gives a fair review of the development in the Company's operations and financial matters and the results of the Company's operations and financial position.</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 approved at the annual general meeting.</td></tr></table></sob:RecommendationForApprovalOfAnnualReportByGeneralMeeting>
<arr:IndependentAuditorsReportsAudit contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Independent auditor's report</td></tr></table></arr:IndependentAuditorsReportsAudit>
<arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">To the shareholders of Microsoft Danmark ApS</td></tr></table></arr:AddresseeOfAuditorsReportOnAuditedFinancialStatements>
<arr:OpinionOnAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Opinion</td></tr><tr><td colspan="1">We have audited the financial statements of Microsoft Danmark ApS for the financial year 1 July 2023 - 30 June 2024, which comprise the income statement, balance sheet, statement of changes in equity and notes, including a summary of significant accounting policies. The financial statements are prepared in accordance with the Danish Financial Statements Act.</td></tr><tr><td colspan="1">In our opinion, the financial statements give a true and fair view of the Entityâs financial position at 30 June 2024 and of the results of its operations for the financial year 1 July 2023 - 30 June 2024 in accordance with the Danish Financial Statements Act.</td></tr></table></arr:OpinionOnAuditedFinancialStatements>
<arr:DescriptionOfQualificationsOfAuditedFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis for Opinion</td></tr><tr><td colspan="1">We conducted our audit in accordance with International Standards on Auditing (ISAs) and additional requirements applicable in Denmark. Our responsibilities under those standards and requirements are further described in the "Auditorâs responsibilities for the audit of the financial statements" section of this auditorâs report. We are independent of the Entity in accordance with the International Ethics Standards Board for Accountantsâ International Code of Ethics for Professional Accountants (IESBA Code) and the additional ethical requirements applicable in Denmark, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the IESBA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.</td></tr></table></arr:DescriptionOfQualificationsOfAuditedFinancialStatements>
<arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Management's responsibility for the financial statements</td></tr><tr><td colspan="1">Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the Danish Financial Statements Act, and for such internal control as Management determines is necessary to enable the preparation of financial 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 Entityâs ability to continue as a going concern, for disclosing, as applicable, matters related to going concern, and for using the going concern basis of accounting in preparing the financial statements unless Management either intends to liquidate the Entity or to cease operations, or has no realistic alternative but to do so.</td></tr></table></arr:StatementOfExecutiveAndSupervisoryBoardsResponsibilityForFinancialStatements>
<arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Auditor's 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 as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditorâs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs and the additional requirements applicable in Denmark will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the 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 applicable in Denmark, we exercise professional judgement and maintain professional scepticism throughout the audit. We also</td></tr><tr><td colspan="1">⢠Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, 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 procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Entityâs internal control.</td></tr><tr><td colspan="1">⢠Evaluate the appropriateness of accounting policies used and the reasonableness of 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 accounting in preparing the financial statements, and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Entityâs ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditorâs report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorâs report. However, future events or conditions may cause the Entity to cease to continue as a going concern.</td></tr><tr><td colspan="1">⢠Evaluate the overall presentation, structure and content of the financial statements, including the disclosures in the notes, and whether the financial statements represent the underlying 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 planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.</td></tr></table></arr:StatementOfAuditorsResponsibilityForAuditAndAuditPerformed>
<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 the Management commentary</td></tr><tr><td colspan="1">Management is responsible for the management commentary.</td></tr><tr><td colspan="1">Our opinion on the financial statements does not cover the management commentary, and we do 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 the management review and, in doing so, consider whether the management commentary is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.</td></tr><tr><td colspan="1">Moreover, it is our responsibility to consider whether the management commentary provides the information required by relevant law and regulations.</td></tr><tr><td colspan="1">Based on the work we have performed, we conclude that the management commentary is in accordance with the financial statements and has been prepared in accordance with the requirements in the relevant law and regulations. We did not identify any material misstatement of the management commentary.</td></tr></table></arr:StatementOnManagementsReviewAuditorsReportOnAuditedFinancialStatements>
<arr:SignatureOfAuditorsPlace contextRef="ctx1" xml:lang="da">Copenhagen</arr:SignatureOfAuditorsPlace>
<arr:SignatureOfAuditorsDate contextRef="ctx1">2024-12-02</arr:SignatureOfAuditorsDate>
<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">MANAGEMENT'S 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">Business review</td></tr><tr><td colspan="1">The activities of Microsoft Danmark ApS include the distribution of software, IT services and hardware to customers as well as the provision of consultancy, support services and marketing. Microsoft Danmark ApS continues to follow the business model introduced in 2018 where the principal activity of Microsoft Danmark ApS was extended to include the direct distribution of products and services to customers.</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">Financial review</td></tr><tr><td colspan="1">The Company's revenue for the year amounted to DKK 12,576,720 thousand (2023: DKK 10,596,198 thousand).</td></tr><tr><td colspan="1">The revenue increase for the year was 19%, which is in line with the expectation previously expressed by Management (15-20% increase in comparison to 2022/23 year) and attributable to strong Company's performance in the year.</td></tr><tr><td colspan="1">The profit before tax for the year amounted to DKK 626,217 thousand (2023: DKK 517,153 thousand) and has increased by 21% which is slightly above the expectations previously expressed (5-15% growth in comparison to 2022/23 year). The realized profit is above the expectations due to strong Enterprise Growth driven by Cloud and AI momentum, where sale came into revenue streams earlier than expected without giving rise to increase in operating expenses.</td></tr><tr><td colspan="1">Management assessed the Companyâs financial performance for the year as satisfactory.</td></tr></table></mrv:DescriptionOfDevelopmentInActivitiesAndFinancialAffairs>
<mrv:EntitysObjectivesAndPolitiesForFinancialRiskManagement 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 risks and use of financial instruments</td></tr><tr><td colspan="1">Microsoft Danmark ApS bears routine risks of market prices volatility, changes in product demand and other market forces based on the established model of direct distribution activities. In respect to the services provided no significant operational risks are born since Company is compensated by group entities for its provision for these services. Due to its solvency and business structure, the Companyâs exposure to changes in interest rates, currency and market fluctuations is considered as non-substantial.</td></tr></table></mrv:EntitysObjectivesAndPolitiesForFinancialRiskManagement>
<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">Microsoft Group has a long-standing commitment to earn the trust of our customers, employees, communities, and partners. To drive positive impact with technology, people need to be able to trust the technologies they use and the companies behind them. Microsoft Danmark ApS follows the Groupâs (Microsoft) data ethics policies and practices developed as a part of the commitment to Earn Trust, which are grouped into three pillars</td></tr><tr><td colspan="1">- to respect privacy by adhering to privacy principles and balancing privacy and public safety,</td></tr><tr><td colspan="1">- to advance cybersecurity by fighting digital crime, strengthening digital safety and promoting digital diplomacy,</td></tr><tr><td colspan="1">- to develop and use technology responsibly by committing to transparency, regulating facial recognition, and developing responsible AI - and empowering others to do the same.</td></tr><tr><td colspan="1">Across each of these pillars we strive to create solutions with lasting impact, upholding data ethics standards, which are an integral part of our policies.</td></tr><tr><td colspan="1">Further information regarding the Groupâs commitments and policies can be found on: https://www.microsoft.com/en-us/corporate-responsibility/earn-trust</td></tr><tr><td colspan="1">Microsoft Privacy Statement can be found on: https://privacy.microsoft.com/en-us/privacystatement</td></tr></table></mrv:StatementOfPolicyForDataEthics>
<mrv:StatementOfCorporateSocialResponsibility contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Corporate Responsibility</td></tr><tr><td colspan="1">The following sections comprise Microsoft Danmark ApSâ statutory reporting on corporate responsibility, cf. §99a in the Danish FSA.</td></tr><tr><td colspan="1">Business model</td></tr><tr><td colspan="1">Microsoftâs mission is to âEmpower every person and every organization on the planet to achieve moreâ, with a strategy to build best-in-class platforms and productivity services for a cloud-first world. People and organizations in every industry are increasingly looking to digital technology to overcome todayâs challenges and emerge stronger. Microsoft's platforms and tools are best positioned to harmonize interests of end users, developers, IT and to connect technology with customer needs</td></tr><tr><td colspan="1">To achieve our mission and fulfill our commitments today and in the future, Microsoft must ensure the technology we create benefits everyone on the planet, as well as the planet itself. Our mission and commitments guide not only the products and services we develop, but the policies and practices that govern our work, and our commitment to causes and communities around the world. The challenges facing the world are complex, and no one company, industry, or country can solve them alone. Thatâs why at Microsoft we work across sectors and borders to foster collective action and amplify impact. We focus on four enduring commitments: expand opportunities; earn trust; protect fundamental rights and advance sustainability.</td></tr><tr><td colspan="1">Microsoft Danmarkâs main activities consist of distribution of software, IT services and hardware, as well as consultancy and support. Sustainability is an integrated element in our businessâ purpose, activities, and strategy. Particularly, we focus on mitigating the negative impacts and maximizing the positive impacts of our activities within the areas of environment, climate, human rights, anti-corruption, as well as for our employees. Microsoft Danmark ApS follows the Groupâs (Microsoft) policies on these areas, and the following sections will highlight how we, as a group and locally, work to implement these in practice and drive forward our work with social and environmental sustainability.</td></tr><tr><td colspan="1">Environment and climate</td></tr><tr><td colspan="1">Risks</td></tr><tr><td colspan="1">Microsoft focuses on four areas-carbon, water, waste, and ecosystems-where we have assessed that our most material risks related to the environment and the climate are. Within these areas, we seek to scale by minimizing the negative impacts of our operations and maximizing the positive impacts of our technology. Within the Danish context, our key risks particularly are related to the generation and handling of waste and energy use.</td></tr><tr><td colspan="1">Policies</td></tr><tr><td colspan="1">Climate change is the defining issue of our generation, and addressing it requires swift, collective action and technological innovation. Microsoft is committed to meeting our own goals while enabling others to do the same. This means taking responsibility for our operational footprint and accelerating progress through technology. Microsoft has made sustainability part of its business, embedding it deeply into its governance structure. The Group is committed to driving robust climate programs and enabling others to do the same by promoting rapid policy action, helping to develop sustainability markets, and accelerating progress through AI-enabled solutions. Microsoft Group have announced a commitment to be carbon negative, water positive, zero waste by 2030 and to preserve ecosystems by protecting more land than we use by 2025.</td></tr><tr><td colspan="1">Actions and results 2023/24</td></tr><tr><td colspan="1">The Microsoft Groups actions and commitments have been</td></tr><tr><td colspan="1">- Becoming carbon negative, since 2020, Microsoftâs Scope 1 and 2 emissions have decreased by 6%. Our emissions increased by 29.1% across Scope 1, 2, and 3 from our 2020 baseline, as we continue to invest in the infrastructure needed to advance new technologies. And 34 gigawatts (GW) of renewable energy assets were contracted, including projects in 21 countries around the world.</td></tr><tr><td colspan="1">- Getting water positive, our new datacenters are designed and optimized to support AI workloads and will consume zero water for cooling.</td></tr><tr><td colspan="1">- Achieving zero waste 18,537 metric tons of solid waste were diverted from landfills and incinerators across our own datacenters and campuses around the world. Our reuse and recycle rates of servers and components across all cloud hardware reached 89.4% in 2023.</td></tr><tr><td colspan="1">- To preserve ecosystems the Microsoft Datacenter Community Environmental Sustainability program is responding to local needs in the communities that host Microsoft data centers and where our employees live and work. In 2023, Microsoft funded 22 new projects in 21 locations around the world, leading to over 20,000 urban trees supported and 30,000 square meters of area improved for human and ecological use.</td></tr><tr><td colspan="1">- Like all new technologies, we must ensure that we develop AI ethically and responsibly. For sustainability, this means addressing the resource needs to power this technology. There are three areas where weâre increasing our focus</td></tr><tr><td colspan="1">⢠Optimizing datacenter energy and water efficiency. As of 2024, we have contracted 32 gigawatts (GW) of renewable energy in 21 countries.</td></tr><tr><td colspan="1">⢠Advanced low-carbon materials, creating global markets to help advance sustainability infrastructure across industries.</td></tr><tr><td colspan="1">⢠Improving the energy efficiency of AI and cloud services.</td></tr><tr><td colspan="1">In addition to these efforts, Microsoft is investing in innovations, policies, and programs to support a more sustainable world. Through the Microsoft Climate Innovation Fund over $760 million is allocated for innovators working to address the climate challenge. We are also advancing our global policy engagement to support durable carbon removal projects, expand carbon-free electricity, support circular economy solutions, drive interoperable sustainability reporting disclosures, and align AI with sustainability outcomes.</td></tr><tr><td colspan="1">Locally in Lyngby, several sustainability initiatives have been implemented throughout the year 2023/24 as part of Microsoftâs carbon-negative 2030 strategy, such as: sustainable plants, food waste monitoring in dining areas, updated waste sorting, further reductions of electrical usage and modernization of dishwashers. Our building is constructed according to the Danish Building Regulation BR15, which secures an energy-efficient building that meets the standards of LEED (Leadership in Energy and Environmental Design).</td></tr><tr><td colspan="1">Human rights</td></tr><tr><td colspan="1">Risks</td></tr><tr><td colspan="1">Microsoft has relationships with thousands of suppliers around the globe, where there is an inherent risk that human rights may be impacted along the supply chain. Hence, Microsoft invests heavily in supplier relationships and our human rights commitment extends to all our suppliers.</td></tr><tr><td colspan="1">Policies</td></tr><tr><td colspan="1">Respecting human rights is a core value of Microsoft. When Microsoftâs technology changes the world, we have a responsibility to protect peopleâs fundamental rights while extending the benefits of technology and working to mitigate potential harm. For Microsoft this means promoting responsible business practices, expanding accessibility and connectivity, and advancing fair and inclusive societies.</td></tr><tr><td colspan="1">Actions and results 2023/24</td></tr><tr><td colspan="1">As to the policies, the Microsoft Groupâs actions and commitments have been</td></tr><tr><td colspan="1">- Promoting responsible business practices, Microsoft has developed a sub-tier supplier due diligence guidebook and trained over 500 individuals to help increase supplier capacity by reducing forced labor risk among sub-tier suppliers and providing direct support for suppliers to establish a compliance management system.</td></tr><tr><td colspan="1">- Expanding accessibility and connectivity, 97% of Microsoft employees have completed mandatory accessibility training to date. Over the last several years, weâve reached 2.7 million learners on accessibility around the world. Launched Ask Microsoft Accessibility, a Bing AI-powered accessibility discoverability tool designed to help users find information about the accessibility of Microsoft products and services.</td></tr><tr><td colspan="1">- Advancing fair and inclusive societies Microsoft conducted deepfake awareness training with political stakeholders in over 20 countries, briefing more than 4,300 participants on how to protect against deepfakes in their elections. Launched a deepfake public awareness campaign, reaching over 355 million people in 25 countries and driving over 90,000 people to our Real or Not Quiz to learn about the challenges of identifying AI-generated images.</td></tr><tr><td colspan="1">- Since 2018, over 5 million email accounts across almost 5,000 organizations have been enrolled in Account Guard to help defend against nation state attacks. Launched Societal Resilience grants in partnership with Open AI to further AI education and literacy among voters and vulnerable communities. Partnered with AI startups, universities, and news journalism organizations to expand the use of AI in journalism and raise journalistsâ literacy on AI use and benefits in news.</td></tr><tr><td colspan="1">Looking forward, Microsoft will continue to aspire to leadership in human rights and serve as a catalyst for action by others in the tech sector and beyond. When our technology changes the world, Microsoft has a responsibility to protect peopleâs fundamental rights while extending the benefits of technology and working to mitigate potential harm. For Microsoft, this means promoting responsible business practices, expanding accessibility and connectivity, and advancing fair and inclusive societies.</td></tr><tr><td colspan="1">Anti-corruption and bribery</td></tr><tr><td colspan="1">Risks</td></tr><tr><td colspan="1">Due to the global nature of our business, we face the risk of being involved in corruption and bribery across the value chain. The Groupâs corruption and bribery risk assessments help drive our decisions and priorities for enhancing controls, processes, and monitoring.</td></tr><tr><td colspan="1">Policies</td></tr><tr><td colspan="1">The Group does not and will not tolerate violations of our standards and policies. We prohibit offering or paying bribes, kickbacks, or other improper benefits to anyone. Our anti-corruption compliance program is designed to prevent, detect, and fix compliance issues. Microsoft approaches compliance with a growth mindset and a process of continuous improvement and invest heavily in innovative and fresh approaches. Microsoftâs company-wide Standard of Business conduct (Trust Code) drives awareness of the importance of compliance and ethics, highlighting resources to report concerns regarding misconduct, including corruption.</td></tr><tr><td colspan="1">Actions and results 2023/24</td></tr><tr><td colspan="1">During the year, Microsoft has continuously worked on the implementation and strengthening of our anti-corruption policies. Microsoft requires partners, suppliers, and other representatives to comply with the Anti-Corruption Policy for Microsoft Representatives. We conduct risk-based due diligence and vetting of our representatives. The vetting process now uses data analytics to identify higher risk representatives through an algorithm that calculates a risk score for representatives based on internal and external data attributes. We require that higher risk representatives undergo enhanced vetting allowing us to determine whether they will be permitted to start or renew a business relationship with us. Our partner compliance analytics also provide real-time insights, allowing Microsoft to make more informed compliance and business decisions. Our corruption and bribery risk assessments help drive our decisions and priorities for enhancing controls, processes, and monitoring. Our vetting and transaction monitoring programs are based on sophisticated risk analytics. Furthermore, we maintain a comprehensive, global compliance investigation team, who continuously reviews and investigates concerns reported by employees or third parties through multiple channels, including an anonymous external hotline provider as well as anti-corruption training is required for our partners, suppliers and employees for employees.</td></tr><tr><td colspan="1">At Microsoft, we believe that making good decisions and ethical choices in our work builds trust in each other and with our customers and partners. As a part of Groupâs commitment to grow the skills of our employees around ethical decision-making, in the year employees of Microsoft Danmark ApS have participated in annual mandatory training program Standards of Business Conduct (âTrust Codeâ), which is a primary component of the policy governance framework and contains Microsoft's commitment to ethical business practices and complying with the law.</td></tr><tr><td colspan="1">Microsoft values are the enduring principles that guide us to do business with integrity as we strive to win trust every day. Our culture is our operating framework, and our future commitment goes beyond words to actions, but is to provide tools and solutions for the efficient compliance practices for our customers and partners, as well as our employees.</td></tr><tr><td colspan="1">Social conditions and employee relations</td></tr><tr><td colspan="1">Risks</td></tr><tr><td colspan="1">Microsoft's business is based on the knowledge and innovation created by people. Failing to attract, retain and develop the best employees poses a material risk for Microsoft, as we may not be able to continue delivering the best solutions on the market.</td></tr><tr><td colspan="1">Policies</td></tr><tr><td colspan="1">Microsoft employees are the driving force behind our mission. Microsoft is increasingly focusing on maintaining its position as one of best workplaces by creating an inclusive culture where each of the employees can thrive. As one element of this, Microsoft is strategically dedicated to diversity across gender, age, nationality, religion, and sexual orientation and we have goals and programs to improve representation in all roles and at all levels</td></tr><tr><td colspan="1">Actions and results 2023/24</td></tr><tr><td colspan="1">Locally, during 2023/24, Microsoft Danmark ApS has continued to partner with a number of partners to deliver on our skilling commitments in Denmark. This includes non-profit Redi School to promote employment opportunities for women with migrant and refugee backgrounds through digital skilling, and the ongoing collaboration with the City of Aarhus and Atea to deliver training programs and certifications for jobseekers. Together with Digital Dogme, we work with other Danish companies to share best practices and experiences in providing successful upskilling for employees and the general workforce. As part of our global skilling commitments, in the year 2023/24, Microsoft has</td></tr><tr><td colspan="1">- Between July 2020 and June 2024, 14.1 million people certified globally with the skills needed for the digital economy, including the following initiatives</td></tr><tr><td colspan="1">- Passport to Earning (P2E), built on Microsoftâs Community Training program, provides free digital productivity training for young people around the world. To date, the program has skilled and certified over 2 million youth in India.</td></tr><tr><td colspan="1">- Since launching our GenAI training pathway in June 2023, it helped skill more than 3 million people.</td></tr><tr><td colspan="1">- Partnered with over 400 nonprofits globally, to scale access to digital and AI skilling programs.</td></tr><tr><td colspan="1">As a company whose mission is to empower every person and every organization to achieve more, we recognize the potential of AI to serve as a catalyst for a new era of opportunity and economic growth. Microsoft aims to bring the power of AI to social impact organizations to accelerate positive social and environmental impact and protect public health. AI for Health is a philanthropic program that aims to support nonprofits, researchers, and organizations working on global health challenges. The program provides access to AI technology and expertise and close the data divide and help organizations of all sizes realize the benefits of data and the new technologies it powers.</td></tr><tr><td colspan="1">Looking ahead to 2025, Microsoftâs affordable technology will continue to empower social impact organizations to build scalable and sustainable solutions for local and global challenges. By expanding access to AI skills, and engaging our employees and key communities, we can ensure our efforts meet real-world needs.</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="4">Gender composition</td></tr><tr><td colspan="4">Microsoft Danmark Aps believes that diversity among employees, including an equal distribution of genders, contributes positively to the work environment and strengthens the company's performance and competitiveness. The numerical overview containing current figures, target figures, and the expected year Microsoft Danmark ApS reports on gender diversity in line with the requirements in §99b in the Danish FSA.</td></tr><tr><td colspan="4">Microsoft Danmark ApS has set specific goals for gender composition along with a strategy for how to reach these goals.</td></tr><tr><td colspan="4">It is Microsoft Danmark ApSâs intent and policy to ensure the female representation in all management layers is reflecting the country population most accurately. Microsoft Group maintains intentional focus on programs, networks and systemic approaches to increase representation and access to opportunity for women. Microsoft believes itâs more important than ever to encourage and empower women to pursue careers in the IT industry as the opportunity to work in the field is huge.</td></tr><tr><td colspan="4">Microsoft is committed to promote diversity through values, culture and allyship work, by providing world class benefits that support employees of any gender, by focusing on fairness and equality and systemic measures of pay and promotion and leaning into flexibility with a hybrid workplace.</td></tr><tr><td colspan="4">Microsoft Denmark is committed to fostering diversity in its workforce including the management levels, with a particular focus on attracting and retaining female talent. Throughout the fiscal year, the company has hosted recruiting events aimed at increasing female representation and implemented mandatory Inclusive Hiring training. Additionally, structured hiring practices have been introduced to mitigate biases within recruitment processes.</td></tr><tr><td colspan="4">Key diversity metrics are continuously monitored and discussed, including the percentage of women interviewed for roles, trends in female representation, gender-based attrition, promotion rates, and tenure distribution. These efforts are aligned with our strategic goal of achieving a minimum of 40% female representation across all levels.</td></tr><tr><td colspan="4">Currently, female representation at the second management level stands at 39%, bringing this target within reach.</td></tr><tr><td>Management Level</td><td>2023/2024</td><td>Target %</td><td>Year for reaching</td></tr><tr><td /><td /><td /><td>target</td></tr><tr><td>Executive Board on gender</td><td>Number of members 2 (1 woman) 50% women, representation fulfilled</td><td>N/A</td><td>N/A</td></tr><tr><td>1. Management level</td><td>Number of members 10 (4 women) 40% women, representation fulfilled</td><td>N/A</td><td>N/A</td></tr><tr><td>2. Management level</td><td>Number of members 54 (21 women) 39% women, representation not fulfilled</td><td>40%</td><td>2026/2027</td></tr><tr><td colspan="4">The Executive Board is the highest management level and comprises of a man and a woman. The Company has therefore achieved equal gender distribution by the Executive Board. This has been consistent also in 2022/2023.</td></tr><tr><td colspan="4">1. Management level (Top management team) consists of 10 people, of which 4 are women. This gives a 40% female representation, which corresponds to an equal gender distribution according to the definition provided by the Danish Business Authority.</td></tr><tr><td colspan="4">2. Management level (People management reporting to 1st Management level) has a representation of 39% women, which is considered as positive (Company target: at least 40% with year for reaching target to be 2026/2027).</td></tr><tr><td colspan="4">The total population of women employees in the company consists of 34% women. This is a 1% decrease from last year. The company target remains 40%.</td></tr></table></mrv:StatementOfTargetFiguresAndPoliciesForTheUnderrepresentedGender>
<mrv:DescriptionOfKnowledgeResources contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Knowledge resources</td></tr><tr><td colspan="1">- On 1 September 2023, Kristian Johansen was appointed Specialist Team Unit Lead.</td></tr><tr><td colspan="1">- On 1 October 2023, Nina Due was appointed Small, Medium, &amp; Corporate Lead.</td></tr><tr><td colspan="1">- On 1 January 2024, Line Sinding Skött was appointed as Public Sector Lead.</td></tr><tr><td colspan="1">- On 1 February 2024, Jacob Engsig was appointed Sales Enablement &amp; Operations Lead.</td></tr></table></mrv:DescriptionOfKnowledgeResources>
<mrv:DescriptionOfSignificantEventsOccurringAfterEndOfReportingPeriod contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Events after the balance sheet date</td></tr><tr><td colspan="1">No events occurred after the balance sheet date that would impact significantly on the financial statements.</td></tr></table></mrv:DescriptionOfSignificantEventsOccurringAfterEndOfReportingPeriod>
<mrv:DescriptionOfExpectedDevelopment contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Outlook</td></tr><tr><td colspan="1">Management has a reasonable expectation that the Company and the Group have adequate resources to continue in operational existence for the foreseeable future. Thus, Management continues to adopt the going concern basis in preparing the annual report and accounts.</td></tr><tr><td colspan="1">Adverse economic or market conditions may affect our business. Worsening economic conditions, including inflation, recession, pandemic, or other changes in economic conditions, may adversely affect our operations, financial condition, and results of operations. To the date no significant negative impacts because of economic and market conditions have been identified to cast doubt on the entity's ability to continue operating as a going concern.</td></tr><tr><td colspan="1">Under the current business and market conditions, Management expects an increase in the revenue up to 17-21% in the fiscal year 2024/25 compared to the previous year. In consideration of the resources required to support revenue growth, profit before tax in 2024/25 is expected to be 5-15% higher in comparison to 2023/24.</td></tr></table></mrv:DescriptionOfExpectedDevelopment>
<fsa:Revenue contextRef="ctx1" unitRef="vDKK" decimals="-3">12576720000</fsa:Revenue>
<fsa:ResultsFromNetFinancials contextRef="ctx1" unitRef="vDKK" decimals="-3">32184000</fsa:ResultsFromNetFinancials>
<fsa:ProfitLoss contextRef="ctx1" unitRef="vDKK" decimals="-3">486420000</fsa:ProfitLoss>
<fsa:InvestmentInPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">3041000</fsa:InvestmentInPropertyPlantAndEquipment>
<mrv:DescriptionOfOtherKeyFiguresAndFinancialRatios contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Financial ratios</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">Financial ratios are calculated in accordance with the current version of Danish Finance Society's "Recommendations and Financial Ratios".</td></tr></table></mrv:DescriptionOfOtherKeyFiguresAndFinancialRatios>
<mrv:OperatingMargin contextRef="ctx1" unitRef="pure" decimals="3">0.047</mrv:OperatingMargin>
<mrv:SolvencyRatio contextRef="ctx1" unitRef="pure" decimals="3">0.185</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx1" unitRef="pure" decimals="3">0.361</mrv:ReturnOnEquity>
<fsa:AverageNumberOfEmployees contextRef="ctx1" unitRef="pure" decimals="0">461</fsa:AverageNumberOfEmployees>
<mrv:InformationOnCalculationOfKeyFiguresAndFinancialRatios contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="2">The financial ratios stated under "Financial highlights" have been calculated as follows</td></tr><tr><td>Operating margin</td><td>Operating profit(EBIT) x 100 / Revenue</td></tr><tr><td>Solvency ratio</td><td>Equity excl. non-controlling interests, year-end x 100 / Total Equity and liabilities, year-end</td></tr><tr><td>Return on equity</td><td>Profit/loss for the year excl. non-controlling interests x 100 / Average equity excl. non-controlling interests</td></tr></table></mrv:InformationOnCalculationOfKeyFiguresAndFinancialRatios>
<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></table></fsa:DisclosureOfAccountingPolicies>
<fsa:ClassOfReportingEntity contextRef="ctx1">Regnskabsklasse C, stor virksomhed</fsa:ClassOfReportingEntity>
<fsa:InformationOnReportingClassOfEntity 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 of Microsoft Danmark ApS for the year ended 30 June 2024 has been prepared in accordance with the provisions in the Danish Financial Statements Act applying to large reporting class C entities.</td></tr><tr><td colspan="1">The presentation of Annual report for the year ended 30 June 2024 continues to follow an IFRS presentation of the Statement of financial position consistent with prior year.</td></tr></table></fsa:InformationOnReportingClassOfEntity>
<fsa:AccountingPoliciesAreUnchangedFromPreviousPeriod contextRef="ctx1">true</fsa:AccountingPoliciesAreUnchangedFromPreviousPeriod>
<fsa:ExplanationOfOtherMethodsOfRecognitionAndMeasurementBasisForAssetsInPreviousPeriod 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">Material errors in previous years</td></tr><tr><td colspan="1">Material errors in previous years are a result of the incorrect classification of intercompany balances. Reclassifications have been made to the comparative figures for 2022/23 in order to strengthen the true and fair view of the annual report. The reclassifications have no effect on results before tax, results for the year or equity. The impact of the change on comparative figures is an increase of DKK 2,754,265 thousand for receivables from group entities, a decrease of DKK 2,754,265 thousand for prepayments, an increase of DKK 36,339 thousand for trade payables, an increase of DKK 647,097 thousand for payables to group entities and a decrease of DKK 683,436 thousand for other payables.</td></tr></table></fsa:ExplanationOfOtherMethodsOfRecognitionAndMeasurementBasisForAssetsInPreviousPeriod>
<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">With reference to section 86(4) of the Danish Financial Statements Act, no cash flow statement has been prepared. The entity's cash flows are part of the consolidated cash flow statement for the ultimate parent company, Microsoft Corporation.</td></tr></table></fsa:ExplanationOfNotDisclosingCashFlowsStatements>
<fsa:DescriptionOfGeneralMattersRelatedToRecognitionMeasurementAndChangesInAccountingPolicies contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Basis of recognition and measurement</td></tr><tr><td colspan="1">Assets are recognised in the balance sheet when it is probable as a result of a prior event that future economic benefits will flow to the Company and the value of the asset can be measured reliably.</td></tr><tr><td colspan="1">Liabilities are recognised in the balance sheet when the Company has a legal or constructive obligation as a result of a prior event and it is probable that future economic benefits will flow out of the Company and the value of the liability can be measured reliably.</td></tr><tr><td colspan="1">On initial recognition, assets and liabilities are measured at cost. Measurement subsequent to initial recognition is effected as described below for each financial statement item.</td></tr><tr><td colspan="1">Anticipated risks and losses that arise before the time of presentation of the annual report and that confirm or invalidate affairs and conditions existing at the balance sheet date are considered at recognition and measurement.</td></tr><tr><td colspan="1">Income is recognised in the income statement when earned, whereas costs are recognised by the amounts attributable to this financial year.</td></tr><tr><td colspan="1">Reporting currency</td></tr><tr><td colspan="1">The financial statements are presented in Danish kroner (DKK'000).</td></tr></table></fsa:DescriptionOfGeneralMattersRelatedToRecognitionMeasurementAndChangesInAccountingPolicies>
<fsa:DescriptionOfMethodsOfForeignCurrencies contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Foreign currency translation</td></tr><tr><td colspan="1">On initial recognition, transactions denominated in foreign currencies are translated at the exchange rates at the transaction date. Foreign exchange differences arising between the exchange rate at the transaction date and the rate at the date of payment are recognised in the income statement as financial income or financial expenses.</td></tr><tr><td colspan="1">Receivables and payables and other monetary items denominated in foreign currencies are translated at closing rates. The difference between the exchange rates at the balance sheet date and the date at which the receivable or payable arose or was recognised in the latest financial statements is recognised in the income statement as financial income or financial expenses.</td></tr><tr><td colspan="1">Property, plant and equipment, intangible assets and other non-monetary assets that have been purchased in foreign currencies are translated using historical rates.</td></tr></table></fsa:DescriptionOfMethodsOfForeignCurrencies>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfIncomeStatementItems contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td 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="1">Revenue</td></tr><tr><td colspan="1">Revenue primarily consists of live distribution of software and hardware to Danish customers. Furthermore, the revenue comprises to some extent intra-group commissions and invoiced sales of consultancy services.</td></tr><tr><td colspan="1">Microsoft Danmark ApS operates this business under a âLimited Risk Distributorâ model, the terms of which are defined in a distribution and inter-company service agreement signed with Microsoft Ireland Operations Limited (MIOL).</td></tr><tr><td colspan="1">Revenue is recognised in the income statement when delivery is made and risk has passed to the buyer. Revenue is recognised net of VAT, duties and sales discounts.</td></tr><tr><td colspan="1">Licences for on-premises software provide the customer with a right to use the software as it exists when made available to the customer. Customers may purchase perpetual licences or subscribe to licences, which provide customers with the same functionality and differ mainly in the duration over which the customer benefits from the software. Revenue from distinct on-premises licences is recognised upfront at the point in time when the software is made available to the customer. In cases where we allocate revenue to software updates, primarily because the updates are provided at no additional charge, revenue is recognised as the updates are provided, which is generally rateably over the estimated life of the related device or licence.</td></tr><tr><td colspan="1">Certain volume licensing programs, including Enterprise Agreements, include on-premises licences combined with Software Assurance (âSAâ). SA conveys the rights to new software and upgrades released over the contract period and provides support, tools, and training to help customers deploy and use products more efficiently. On-premises licences are considered distinct from SA and therefore separate performance obligations when sold with SA. Revenue allocated to SA is generally recognised rateably over the contract period as customers simultaneously consume and receive benefits, given that SA comprises distinct goods or services that are satisfied over time.</td></tr><tr><td colspan="1">Cloud services, which allow customers to use hosted software over the contract period without taking possession of the software, are provided on either a subscription or consumption basis. Revenue related to cloud services provided on a subscription basis is recognised rateably over the contract period. Revenue related to cloud services provided on a consumption basis, such as the amount of storage used in a period, is recognised based on the customerâs utilisation of such resources. When cloud services require a significant level of integration and interdependency with software and the individual components are not considered distinct, all revenue is recognised over the period in which the cloud services are provided.</td></tr><tr><td colspan="1">Maintenance and subscription products are recognized proportionately over the term of the contract. Revenue from sales of packaged goods to and through distributors and resellers is recognized at the point in time when ownership is transferred to distributors and resellers or directly to end-customers.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfRevenue>
<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 goods sold relate to those costs which are directly attributable to the revenue generating activities of the company and are recognised in the income statement in line with the related recognition of revenue.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCostOfSales>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDistributionCosts contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Distribution costs</td></tr><tr><td colspan="1">Distribution costs comprise costs incurred for sale and distribution of the Company's products, including wages and salaries for sales staff, advertising costs, travelling and entertainment expenses, etc. as well as amortisation, depreciation and impairment losses relating to intangible assets and property, plant and equipment attached to the distribution process.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDistributionCosts>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAdministrativeExpenses contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Administrative expenses</td></tr><tr><td colspan="1">Administrative expenses comprise costs incurred in the year to manage and administer the Company, including expenses related to administrative staff, management, office premises, office expenses as well as amortisation, depreciation and impairment losses relating to intangible assets and property, plant and equipment used for administration of the Company.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAdministrativeExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfOtherOperatingIncome 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 items secondary to the entities' activities, including gains on disposal of intangible assets and items of property, plant and equipment.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfOtherOperatingIncome>
<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 expenses comprise items secondary to the entities' activities, including losses on disposal of intangible assets and items of property, plant and equipment.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfOtherOperatingExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfFinanceIncomeAndExpenses contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Financial income and expenses</td></tr><tr><td colspan="1">Financial income and expenses comprises interests, including those to group entities net capital gains and losses on transactions in foreign currencies as well as tax relief and surcharges under the Danish Tax Prepayment Scheme, etc.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfFinanceIncomeAndExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxExpenses contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Tax for the year</td></tr><tr><td colspan="1">The Company is covered by the Danish rules on compulsory joint taxation.The current Danish corporation tax is allocated by settlement of joint taxation contribution between the jointly taxed companies in proportion to their taxable income. In this relation, companies with tax loss carryforwards receive joint taxation contribution from companies that have used these losses to reduce their own taxable profits.</td></tr><tr><td colspan="1">Jointly taxed companies entitled to a tax refund are, as a minimum, reimbursed by the administrative company according to the current rates applicable to interest allowances, and jointly taxed companies which do not pay their due taxes, as a maximum, a surcharge according to the current rates applicable to interest surcharges to the administrative company.</td></tr><tr><td colspan="1">Tax for the year includes current tax on the year's expected taxable income and the year's deferred tax adjustments. The portion of the tax for the year that relates to the profit/loss for the year is recognised in the income statement, whereas the portion that relates to transactions taken to equity is recognised in equity.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxExpenses>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAssetsAndLiabilities contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Balance sheet</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfAssetsAndLiabilities>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfPropertyPlantAndEquipment contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="2">Property, plant and equipment</td></tr><tr><td colspan="2">Fixtures and fittings, tools and equipment, as well as leasehold improvements are measured at cost less accumulated depreciation and impairment losses.</td></tr><tr><td colspan="2">Cost comprises the purchase price and any costs directly attributable to the acquisition, and preparation costs of the asset until the date when the asset is available for use.</td></tr><tr><td colspan="2">Depreciation is provided on a straight-line basis over the expected useful lives of the assets. The expected useful lives are as follows</td></tr><tr><td>Fixtures and fittings, tools and equipment</td><td>3 to 6 years</td></tr><tr><td>Computers (excl. servers)</td><td>Fully depreciated in month of acquisition</td></tr><tr><td>Leasehold improvements</td><td>Over the agreed lease period, not to exceed 10 years</td></tr><tr><td colspan="2">Property, plant and equipment under construction are measured at cost.</td></tr><tr><td colspan="2">Fixed assets are written down to the recoverable amount, if this value is lower than the carrying amount.</td></tr><tr><td colspan="2">Profits and losses from the sale of property, plant and equipment are recognised in the income statement under the same items as the related depreciation.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfPropertyPlantAndEquipment>
<fsa:DescriptionOfMethodsOfAmortisationOfNoncurrentAssets contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Impairment of assets</td></tr><tr><td colspan="1">The carrying amount of intangible assets, property, plant and equipment and investments in subsidiaries, associates and participating interests is assessed for impairment on an annual basis.</td></tr><tr><td colspan="1">Impairment tests are conducted on assets or groups of assets when there is indication of impairment. Assets are written down to the lower of the carrying amount and the recoverable amount.</td></tr><tr><td colspan="1">Where an impairment loss is recognised on a group of assets, a loss must first be allocated to goodwill and then to the other assets on a pro rata basis.</td></tr><tr><td colspan="1">The recoverable amount is the higher of the net selling price of an asset and its value in use. The value in use is calculated as the net present value of the expected net cash flows from the use of the asset or the group of assets and the expected net cash flows from the disposal of the asset or the group of assets after the end of the useful life.</td></tr><tr><td colspan="1">Previously recognised impairment losses are reversed when the reason for recognition no longer exists. Impairment losses on goodwill are not reversed.</td></tr></table></fsa:DescriptionOfMethodsOfAmortisationOfNoncurrentAssets>
<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">Receivables</td></tr><tr><td colspan="1">Receivables are measured at amortised cost, usually equaling nominal value less provisions for bad debts. Provisions for bad debts are calculated on the basis of an assessment of the expected collectibilty. Trade receivables with a due date greater than 12 months are considered as a long-term receivable and are classed as Other non-current assets in the balance sheet.</td></tr><tr><td colspan="1">The Company has chosen IAS 39 as interpretation for impairment of financial receivables.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfReceivables>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDeferredIncomeAssets contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Prepayments</td></tr><tr><td colspan="1">Prepayments recognised under current assets comprise expenses incurred concerning subsequent financial years. Prepayments are measured at cost.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfDeferredIncomeAssets>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCashAndCashEquivalents contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Cash</td></tr><tr><td colspan="1">Cash comprises cash in hand and bank deposits.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfCashAndCashEquivalents>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfEquity contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Equity</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">Dividend</td></tr><tr><td colspan="1">Dividend proposed for the year is recognised as a liability at the date when they are adopted at the annual general meeting (declaration date). Dividend expected to be distributed for the year is disclosed as a separate item under equity.</td></tr></table></fsa:DescriptionOfMethodsOfDividends>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfProvisions contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Provisions</td></tr><tr><td colspan="1">Provisions comprise anticipated expenses relating to restoration, etc. Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation.</td></tr><tr><td colspan="1">Provisions are measured at net realisable value or fair value. If the obligation is expected to be settled far into the future.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfProvisions>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxPayablesAndDeferredTax contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Income tax and deferred tax</td></tr><tr><td colspan="1">Current tax payables and receivables are recognised in the balance sheet as tax computed on the taxable income for the year, adjusted for tax on prior-year taxable income and tax paid on account.</td></tr><tr><td colspan="1">Joint taxation contribution payable and receivable is recognised in the balance sheet as "Income tax receivable" or "Income tax payable".</td></tr><tr><td colspan="1">Deferred tax assets, including the tax base of tax loss carry-forwards, are recognised at the expected value of their utilisation; either as a set-off against tax on future income or as a set-off against deferred tax liabilities in the same legal tax entity and jurisdiction.</td></tr><tr><td colspan="1">Deferred tax is measured according to the tax rules and at the tax rates applicable at the balance sheet date when the deferred tax is expected to crystallise as current tax.</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">Deferred income</td></tr><tr><td colspan="1">Deferred income, recognised under "Liabilities", comprises payments received concerning income in subsequent years.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfTaxPayablesAndDeferredTax>
<fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfLiabilitiesOtherThanProvisions contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="1">Liabilities</td></tr><tr><td colspan="1">Other financial liabilities are measured at amortised cost, which usually corresponds to nominal value.</td></tr></table></fsa:DescriptionOfMethodsOfRecognitionAndMeasurementBasisOfLiabilitiesOtherThanProvisions>
<fsa:InformationOnSegments 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">Segment information</td></tr><tr><td colspan="1">Segment information is given for revenue broken down by business segment. The segmentation is in accordance with the entity's internal financial management. The geographical distribution of revenue is Denmark.</td></tr></table></fsa:InformationOnSegments>
<fsa:CostOfSales contextRef="ctx1" unitRef="vDKK" decimals="-3">11046113000</fsa:CostOfSales>
<fsa:DistributionCosts contextRef="ctx1" unitRef="vDKK" decimals="-3">857544000</fsa:DistributionCosts>
<fsa:AdministrativeExpenses contextRef="ctx1" unitRef="vDKK" decimals="-3">84086000</fsa:AdministrativeExpenses>
<fsa:OtherOperatingIncome contextRef="ctx1" unitRef="vDKK" decimals="-3">5056000</fsa:OtherOperatingIncome>
<fsa:OtherOperatingExpenses contextRef="ctx1" unitRef="vDKK" decimals="-3">0</fsa:OtherOperatingExpenses>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="ctx1" unitRef="vDKK" decimals="-3">594033000</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:OtherFinanceIncome contextRef="ctx1" unitRef="vDKK" decimals="-3">33037000</fsa:OtherFinanceIncome>
<fsa:OtherFinanceExpenses contextRef="ctx1" unitRef="vDKK" decimals="-3">853000</fsa:OtherFinanceExpenses>
<fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="ctx1" unitRef="vDKK" decimals="-3">626217000</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
<fsa:TaxExpense contextRef="ctx1" unitRef="vDKK" decimals="-3">139797000</fsa:TaxExpense>
<fsa:DividendPaid contextRef="ctx1" unitRef="vDKK" decimals="-3">410000000</fsa:DividendPaid>
<fsa:InformationOnOperatingSegmentsAndGeographicalMarkets contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="4" align="left" valign="middle" >Notes</td></tr><tr><td width="11%" ></td><td width="89%" colspan="3" align="left" valign="middle" >Segment information</td></tr><tr><td width="11%" ></td><td width="62%" ></td><td width="13%" colspan="1" align="left" valign="middle" >2023/24</td><td width="14%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="11%" ></td><td width="62%" ></td><td width="13%" colspan="1" align="left" valign="middle" >DKK'000</td><td width="14%" colspan="1" align="left" valign="middle" >DKK'000</td></tr><tr><td width="11%" ></td><td width="62%" colspan="1" align="left" valign="middle" >Products</td><td width="13%" align="right" valign="middle" >3084673</td><td width="14%" align="right" valign="middle" >2921969</td></tr><tr><td width="11%" ></td><td width="62%" colspan="1" align="left" valign="middle" >Service and other</td><td width="13%" align="right" valign="middle" >8466837</td><td width="14%" align="right" valign="middle" >6598732</td></tr><tr><td width="11%" ></td><td width="62%" colspan="1" align="left" valign="middle" >Commission income</td><td width="13%" align="right" valign="middle" >825194</td><td width="14%" align="right" valign="middle" >911370</td></tr><tr><td width="11%" ></td><td width="62%" colspan="1" align="left" valign="middle" >Consultancy income</td><td width="13%" align="right" valign="middle" >200016</td><td width="14%" align="right" valign="middle" >164127</td></tr><tr><td width="11%" ></td><td width="62%" colspan="1" align="left" valign="middle" >Total segment information</td><td width="13%" align="right" valign="middle" >12576720</td><td width="14%" align="right" valign="middle" >10596198</td></tr><tr><td colspan="4"></td></tr></table></fsa:InformationOnOperatingSegmentsAndGeographicalMarkets>
<fsa:DisclosureOfEmployeeBenefitsExpense contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Staff costs and incentive plans</td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >2023/24</td><td width="15%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Wages and salaries</td><td width="15%" align="right" valign="middle" >656043</td><td width="15%" align="right" valign="middle" >724757</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Pensions</td><td width="15%" align="right" valign="middle" >52840</td><td width="15%" align="right" valign="middle" >56498</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Other social security costs</td><td width="15%" align="right" valign="middle" >6572</td><td width="15%" align="right" valign="middle" >6947</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Total staff costs</td><td width="15%" align="right" valign="middle" >715455</td><td width="15%" align="right" valign="middle" >788202</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Staff costs are recognised in the financial statements under the</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >following line items</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Distribution costs</td><td width="15%" align="right" valign="middle" >688285</td><td width="15%" align="right" valign="middle" >722837</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Administrative expenses</td><td width="15%" align="right" valign="middle" >27170</td><td width="15%" align="right" valign="middle" >65365</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Staff costs total</td><td width="15%" align="right" valign="middle" >715455</td><td width="15%" align="right" valign="middle" >788202</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Average number of full-time employees</td><td width="15%" align="right" valign="middle" >461</td><td width="15%" align="right" valign="middle" >524</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Remuneration to members of management</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Executive board</td><td width="15%" align="right" valign="middle" >4402</td><td width="15%" align="right" valign="middle" >12393</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Total remuneration to members of management</td><td width="15%" align="right" valign="middle" >4402</td><td width="15%" align="right" valign="middle" >12393</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >The remuneration of the Executive Board includes pension of DKK 388 thousand (2022/23: DKK 596 thousand).</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Incentive programmes</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >In addition to the performance bonus program, the Company has a stock award program, which also includes the Executive Board.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >The award program comprise of stocks in the ultimate parent company. The Danish Company does not pay for these rights.</td></tr><tr><td colspan="3"></td></tr></table></fsa:DisclosureOfEmployeeBenefitsExpense>
<fsa:DisclosureOfOtherFinanceIncome contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Financial income</td></tr></table></fsa:DisclosureOfOtherFinanceIncome>
<fsa:ExchangeRateProfit contextRef="ctx1" unitRef="vDKK" decimals="-3">814000</fsa:ExchangeRateProfit>
<fsa:OtherInterestIncome contextRef="ctx1" unitRef="vDKK" decimals="-3">32223000</fsa:OtherInterestIncome>
<fsa:DisclosureOfOtherFinanceExpenses contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Financial expenses</td></tr></table></fsa:DisclosureOfOtherFinanceExpenses>
<fsa:ExchangeRateLoss contextRef="ctx1" unitRef="vDKK" decimals="-3">0</fsa:ExchangeRateLoss>
<fsa:OtherInterestExpenses contextRef="ctx1" unitRef="vDKK" decimals="-3">853000</fsa:OtherInterestExpenses>
<fsa:DisclosureOfTaxExpenses contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Tax for the year</td></tr></table></fsa:DisclosureOfTaxExpenses>
<fsa:CurrentTaxExpense contextRef="ctx1" unitRef="vDKK" decimals="-3">71512000</fsa:CurrentTaxExpense>
<fsa:AdjustmentsForDeferredTax contextRef="ctx1" unitRef="vDKK" decimals="-3">68269000</fsa:AdjustmentsForDeferredTax>
<fsa:AdjustmentsForCurrentTaxOfPriorPeriod contextRef="ctx1" unitRef="vDKK" decimals="-3">28000</fsa:AdjustmentsForCurrentTaxOfPriorPeriod>
<fsa:AdjustmentsForDeferredTaxOfPriorPeriod contextRef="ctx1" unitRef="vDKK" decimals="-3">-12000</fsa:AdjustmentsForDeferredTaxOfPriorPeriod>
<fsa:DisclosureOfPropertyPlantAndEquipment contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Property, plant and equipment</td></tr></table></fsa:DisclosureOfPropertyPlantAndEquipment>
<fsa:AdditionsToPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">3154000</fsa:AdditionsToPropertyPlantAndEquipment>
<fsa:DisposalsOfPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">2965000</fsa:DisposalsOfPropertyPlantAndEquipment>
<fsa:DepreciationOfPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">7930000</fsa:DepreciationOfPropertyPlantAndEquipment>
<fsa:ImpairmentLossesAndDepreciationOfDisposedPropertyPlantAndEquipment contextRef="ctx1" unitRef="vDKK" decimals="-3">-2838000</fsa:ImpairmentLossesAndDepreciationOfDisposedPropertyPlantAndEquipment>
<fsa:InformationOnProvisionsForDeferredTax contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deferred tax asset</td></tr><tr><td colspan="3"></td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >2023/24</td><td width="15%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Deferred tax at 1 July</td><td width="15%" align="right" valign="middle" >255391</td><td width="15%" align="right" valign="middle" >330804</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Adjustment of the deferred tax charge for the year</td><td width="15%" align="right" valign="middle" >-68269</td><td width="15%" align="right" valign="middle" >-75528</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Adjustment of the deferred tax charge for prior year</td><td width="15%" align="right" valign="middle" >12</td><td width="15%" align="right" valign="middle" >115</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Deferred tax at 30 June</td><td width="15%" align="right" valign="middle" >187134</td><td width="15%" align="right" valign="middle" >255391</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >The deferred tax charge relates to</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Intangible assets</td><td width="15%" align="right" valign="middle" >151824</td><td width="15%" align="right" valign="middle" >227736</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Property, plant and equipment</td><td width="15%" align="right" valign="middle" >4775</td><td width="15%" align="right" valign="middle" >3052</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Provisions</td><td width="15%" align="right" valign="middle" >12034</td><td width="15%" align="right" valign="middle" >8167</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Other taxable temporary differences</td><td width="15%" align="right" valign="middle" >18501</td><td width="15%" align="right" valign="middle" >16436</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Total deferred tax</td><td width="15%" align="right" valign="middle" >187134</td><td width="15%" align="right" valign="middle" >255391</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >In year 2019/2020 Microsoft Danmark Aps recognized step-up in the value of deferred taxes of DKK 531 million following transition rules of Section 2A of the Danish Corporation Tax Act as a consequence of organizational restructuring, resulted in a change of the tax status of the company. The tax effect of the step up was recognized in 2019/2020 year profit and loss and the deferred income tax asset was recognized to the extent that realization of the related tax benefit through future taxable profits was highly probable. The expectations continue for the current year as Microsoft Danmark Aps has a history of being profit-making company and realizing taxable profits.</td></tr><tr><td colspan="3"></td></tr></table></fsa:InformationOnProvisionsForDeferredTax>
<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" >.Other provisions</td></tr><tr><td colspan="3"></td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >2023/24</td><td width="15%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Opening balance at 1 July</td><td width="15%" align="right" valign="middle" >4620</td><td width="15%" align="right" valign="middle" >4310</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Provision for the year</td><td width="15%" align="right" valign="middle" >332</td><td width="15%" align="right" valign="middle" >310</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Other provisions at 30 June</td><td width="15%" align="right" valign="middle" >4952</td><td width="15%" align="right" valign="middle" >4620</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other provisions includes provisions for restoration of leased premises and similar provisions. Other provisions are expected to mature within the period less than 5 years.</td></tr><tr><td colspan="3"></td></tr></table></fsa:DisclosureOfOtherProvisions>
<fsa:DisclosureOfOtherPayables contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other payables</td></tr><tr><td colspan="3"></td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >2023/24</td><td width="15%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td></tr><tr><td colspan="3"></td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Payroll Liabilities</td><td width="15%" align="right" valign="middle" >137560</td><td width="15%" align="right" valign="middle" >143774</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Other payables</td><td width="15%" align="right" valign="middle" >1497</td><td width="15%" align="right" valign="middle" >10290</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Compensated absence commitment</td><td width="15%" align="right" valign="middle" >50869</td><td width="15%" align="right" valign="middle" >47820</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >VAT and other indirect taxes</td><td width="15%" align="right" valign="middle" >365419</td><td width="15%" align="right" valign="middle" >298392</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Total other payables</td><td width="15%" align="right" valign="middle" >555345</td><td width="15%" align="right" valign="middle" >500276</td></tr><tr><td colspan="3"></td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Compensated absence commitment</td><td width="15%" align="right" valign="middle" >112</td><td width="15%" align="right" valign="middle" >126</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Total compensated absence commitment</td><td width="15%" align="right" valign="middle" >112</td><td width="15%" align="right" valign="middle" >126</td></tr><tr><td colspan="3"></td></tr></table></fsa:DisclosureOfOtherPayables>
<fsa:DisclosureOfContingentLiabilities contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Contractual obligations and contingencies, etc.</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other contingent liabilities</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >The Company is covered by the Danish rules on compulsory joint taxation and has joint and several unlimited liability for Danish corporation taxes and withholding taxes on dividends, interest and royalties in the joint taxation unit, Microsoft Danmark ApS is acting as administrator company of the unit. At 30 June 2024, the net taxes payable to Danish Tax Agency by the companies included in the joint taxation amounted to DKK 51,136 thousand. Any subsequent corrections of the taxable income subject to joint taxation or withholding taxes on dividends, etc., may entail that the companies' liability will increase.</td></tr><tr><td colspan="3"></td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >2023/24</td><td width="15%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other financial obligations</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Other rent and lease liabilities</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Rent and lease liabilities</td><td width="15%" align="right" valign="middle" >36846</td><td width="15%" align="right" valign="middle" >63462</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Total other financial obligations</td><td width="15%" align="right" valign="middle" >36846</td><td width="15%" align="right" valign="middle" >63462</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Microsoft Danmark ApS and Microsoft Development Center Copenhagen ApS have entered into a joint contract to lease a shared domicile located in Lyngby north of Copenhagen. The two companies are jointly liable for the 10 year rent commitment, with a remaning obligation amounting to DKK 54 million as of 30 June 2024. Microsoft Danmark ApS is expected to pay 45% of the rent commitment amounted to DKK 24 million, which is part of "Other rent and lease laibilities" amounted to DKK 36 million as of June, 30th.</td></tr><tr><td colspan="3"></td></tr></table></fsa:DisclosureOfContingentLiabilities>
<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 colspan="20">Alle beløb er angivet i 'x1000'</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deferred income</td></tr><tr><td colspan="3"></td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >2023/24</td><td width="15%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Deferred Income</td><td width="15%" align="right" valign="middle" >3326916</td><td width="15%" align="right" valign="middle" >2951152</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Total deferred income</td><td width="15%" align="right" valign="middle" >3326916</td><td width="15%" align="right" valign="middle" >2951152</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Deferred income, recognised under "Liabilities", DKK 3,327 million (2023: DKK 2,951 million), consists of payments received from customers which cannot be recognised as revenue until in the subsequent financial year.</td></tr><tr><td colspan="3"></td></tr></table></fsa:ExplanationOfPrepayments>
<fsa:InformationOnRelatedEntities 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" >Related parties</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Microsoft Danmark ApS related parties comprise the following</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Parties exercising control</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Related party</td><td width="15%" colspan="1" align="left" valign="middle" >Domicile</td><td width="15%" colspan="1" align="left" valign="middle" >Basis for control</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Microsoft Ireland Research</td><td width="15%" colspan="1" align="left" valign="middle" >Dublin, Ireland</td><td width="15%" colspan="1" align="left" valign="middle" >Participating interest</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Information about consolidated financial statements</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Ultimate parent</td><td width="15%" colspan="1" align="left" valign="middle" >Domicile</td><td width="15%" colspan="1" align="left" valign="middle" >Requisitioning of the parent company's consolidated financial statements</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Microsoft Corporation</td><td width="15%" colspan="1" align="left" valign="middle" >Redmond, WA, USA</td><td width="15%" colspan="1" align="left" valign="middle" >www.microsoft.com</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Related party transactions and balances</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Microsoft Danmark ApS was engaged in the below related party transactions, in addition to dividend distribution and remuneration of management</td></tr><tr><td colspan="3"></td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >2023/24</td><td width="15%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Transactions with group entities</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Commission income</td><td width="15%" align="right" valign="middle" >825194</td><td width="15%" align="right" valign="middle" >911370</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Service fee (expenses)</td><td width="15%" align="right" valign="middle" >-330</td><td width="15%" align="right" valign="middle" >-396</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Cost of sales</td><td width="15%" align="right" valign="middle" >-11046113</td><td width="15%" align="right" valign="middle" >-9105871</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Financial income</td><td width="15%" align="right" valign="middle" >32214</td><td width="15%" align="right" valign="middle" >11355</td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Balances with counterpart</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Receivables from group entities - Short-term</td><td width="15%" align="right" valign="middle" >4290072</td><td width="15%" align="right" valign="middle" >3973853</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Payables to group entities</td><td width="15%" align="right" valign="middle" >2259914</td><td width="15%" align="right" valign="middle" >1804310</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >Balances with parent company</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Payables to ultimate parent company</td><td width="15%" align="right" valign="middle" >3461</td><td width="15%" align="right" valign="middle" >13640</td></tr><tr><td colspan="3"></td></tr><tr><td width="100%" colspan="3" align="left" valign="middle" >During the year an office rent reimbursement was received related to Lyngby. The amount of reimbursement income received was for DKK 22,322 thousand. See note 11 for further details.</td></tr><tr><td colspan="3"></td></tr></table></fsa:InformationOnRelatedEntities>
<fsa:DisclosureOfShorttermLiabilities 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" >Prepayments</td></tr><tr><td colspan="3"></td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >2023/24</td><td width="15%" colspan="1" align="left" valign="middle" >2022/23</td></tr><tr><td width="70%" ></td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td><td width="15%" colspan="1" align="left" valign="middle" >DKK'000</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Administrative expenses</td><td width="15%" align="right" valign="middle" >1751</td><td width="15%" align="right" valign="middle" >12461</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Financial expenses</td><td width="15%" align="right" valign="middle" >0</td><td width="15%" align="right" valign="middle" >10</td></tr><tr><td width="70%" colspan="1" align="left" valign="middle" >Total prepayments</td><td width="15%" align="right" valign="middle" >1751</td><td width="15%" align="right" valign="middle" >12471</td></tr><tr><td colspan="3"></td></tr></table></fsa:DisclosureOfShorttermLiabilities>
<fsa:InformationOnAuditorsFees contextRef="ctx1" xml:lang="da"><table xmlns="http://www.w3.org/1999/xhtml" style="border-right: 0px; border-top: 0px; border-left: 0px; width: 650px; border-bottom: 0px; border-collapse: collapse" width="100%"><tr><td /><td>Fees paid to auditors appointed at the annual general meeting</td></tr><tr><td /><td /><td>2023/24</td><td>2022/23</td></tr><tr><td /><td /><td>DKK'000</td><td>DKK'000</td></tr></table></fsa:InformationOnAuditorsFees>
<fsa:FeesForAuditorsPerformingStatutoryAudit contextRef="ctx1" unitRef="vDKK" decimals="-3">382000</fsa:FeesForAuditorsPerformingStatutoryAudit>
<fsa:AuditorsFees contextRef="ctx1" unitRef="vDKK" decimals="-3">382000</fsa:AuditorsFees>
<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>Appropriation of profit</td></tr><tr><td /><td /><td>2023/24</td><td>2022/23</td></tr><tr><td /><td /><td>DKK'000</td><td>DKK'000</td></tr></table></fsa:DisclosureOfTheManagementsProposedDistributionOfProfitLoss>
<fsa:TransferredToFromRetainedEarnings contextRef="ctx1" unitRef="vDKK" decimals="-3">6420000</fsa:TransferredToFromRetainedEarnings>
<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" >Events after the balance sheet date</td></tr><tr><td width="100%" colspan="1" align="left" valign="middle" >No events occurred after the balance sheet date that would impact significantly on the financial statements.</td></tr></table></fsa:DisclosureOfSignificantEventsOccurringAfterEndOfReportingPeriod>
<gsd:InformationOnTypeOfSubmittedReport contextRef="ctx1">Ã
rsrapport</gsd:InformationOnTypeOfSubmittedReport>
<gsd:IdentificationNumberCvrOfSubmittingEnterprise contextRef="ctx1">30700228</gsd:IdentificationNumberCvrOfSubmittingEnterprise>
<gsd:NameOfSubmittingEnterprise contextRef="ctx1" xml:lang="da">EY Godkendt revisionspartnerselskab</gsd:NameOfSubmittingEnterprise>
<gsd:AddressOfSubmittingEnterpriseStreetAndNumber contextRef="ctx1" xml:lang="da">Cortex Park Vest 3</gsd:AddressOfSubmittingEnterpriseStreetAndNumber>
<gsd:AddressOfSubmittingEnterprisePostcodeAndTown contextRef="ctx1" xml:lang="da">5230 Odense M</gsd:AddressOfSubmittingEnterprisePostcodeAndTown>
<gsd:ToolForPreparingTheXBRLInstanceDocument contextRef="ctx1" xml:lang="da">xWizard version 1.1.1305.0, by EasyX Aps. www.easyx.eu</gsd:ToolForPreparingTheXBRLInstanceDocument>
<gsd:PrecedingReportingPeriodStartDate contextRef="ctx1">2022-07-01</gsd:PrecedingReportingPeriodStartDate>
<gsd:PredingReportingPeriodEndDate contextRef="ctx1">2023-06-30</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">Mette Louise Kaagaard</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx2" xml:lang="da">CEO</cmn:TitleOfMemberOfExecutiveBoard>
<cmn:NameAndSurnameOfMemberOfExecutiveBoard contextRef="ctx3" xml:lang="da">Benjamin Orndorff</cmn:NameAndSurnameOfMemberOfExecutiveBoard>
<cmn:TitleOfMemberOfExecutiveBoard contextRef="ctx3" xml:lang="da">Director</cmn:TitleOfMemberOfExecutiveBoard>
<fsa:Revenue contextRef="ctx4" unitRef="vDKK" decimals="-3">10596198000</fsa:Revenue>
<fsa:ResultsFromNetFinancials contextRef="ctx4" unitRef="vDKK" decimals="-3">2807000</fsa:ResultsFromNetFinancials>
<fsa:ProfitLoss contextRef="ctx4" unitRef="vDKK" decimals="-3">402651000</fsa:ProfitLoss>
<fsa:InvestmentInPropertyPlantAndEquipment contextRef="ctx4" unitRef="vDKK" decimals="-3">6481000</fsa:InvestmentInPropertyPlantAndEquipment>
<mrv:OperatingMargin contextRef="ctx4" unitRef="pure" decimals="3">0.049</mrv:OperatingMargin>
<mrv:SolvencyRatio contextRef="ctx4" unitRef="pure" decimals="1">0.2</mrv:SolvencyRatio>
<mrv:ReturnOnEquity contextRef="ctx4" unitRef="pure" decimals="3">0.315</mrv:ReturnOnEquity>
<fsa:AverageNumberOfEmployees contextRef="ctx4" unitRef="pure" decimals="0">524</fsa:AverageNumberOfEmployees>
<fsa:CostOfSales contextRef="ctx4" unitRef="vDKK" decimals="-3">9105871000</fsa:CostOfSales>
<fsa:DistributionCosts contextRef="ctx4" unitRef="vDKK" decimals="-3">853853000</fsa:DistributionCosts>
<fsa:AdministrativeExpenses contextRef="ctx4" unitRef="vDKK" decimals="-3">125758000</fsa:AdministrativeExpenses>
<fsa:OtherOperatingIncome contextRef="ctx4" unitRef="vDKK" decimals="-3">3849000</fsa:OtherOperatingIncome>
<fsa:OtherOperatingExpenses contextRef="ctx4" unitRef="vDKK" decimals="-3">219000</fsa:OtherOperatingExpenses>
<fsa:ProfitLossFromOrdinaryOperatingActivities contextRef="ctx4" unitRef="vDKK" decimals="-3">514346000</fsa:ProfitLossFromOrdinaryOperatingActivities>
<fsa:OtherFinanceIncome contextRef="ctx4" unitRef="vDKK" decimals="-3">11355000</fsa:OtherFinanceIncome>
<fsa:OtherFinanceExpenses contextRef="ctx4" unitRef="vDKK" decimals="-3">8548000</fsa:OtherFinanceExpenses>
<fsa:ProfitLossFromOrdinaryActivitiesBeforeTax contextRef="ctx4" unitRef="vDKK" decimals="-3">517153000</fsa:ProfitLossFromOrdinaryActivitiesBeforeTax>
<fsa:TaxExpense contextRef="ctx4" unitRef="vDKK" decimals="-3">114502000</fsa:TaxExpense>
<fsa:ExchangeRateProfit contextRef="ctx4" unitRef="vDKK" decimals="-3">0</fsa:ExchangeRateProfit>
<fsa:OtherInterestIncome contextRef="ctx4" unitRef="vDKK" decimals="-3">11355000</fsa:OtherInterestIncome>
<fsa:ExchangeRateLoss contextRef="ctx4" unitRef="vDKK" decimals="-3">8288000</fsa:ExchangeRateLoss>
<fsa:OtherInterestExpenses contextRef="ctx4" unitRef="vDKK" decimals="-3">260000</fsa:OtherInterestExpenses>
<fsa:CurrentTaxExpense contextRef="ctx4" unitRef="vDKK" decimals="-3">38972000</fsa:CurrentTaxExpense>
<fsa:AdjustmentsForDeferredTax contextRef="ctx4" unitRef="vDKK" decimals="-3">75528000</fsa:AdjustmentsForDeferredTax>
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